1 25 13 https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/7bade86d51c227399b2b0049c5bd8b95.pdf?Expires=1776902400&Signature=E4qfDGapWqJKfvB%7EaPQWpC%7EhveqDqiDLlGnaFXDDhwPOcadTuEM%7Ex3d5Oyl8RHHMReO9eTq2Z6-631orm02cOJJaOOQg3NesuHmz3KTqRPCLL6MPkiXcwdQ3fQUaJ5QaxPRNpIerjeVmX8bbVX1VZeT9-%7EX3nWa0666UZT%7EZblY8ahhEHzv7n%7EcarTKEtPfFawzf3lpfFXPFaumG0yu0mY45CGB9MdNj7w4DjMQ6JYkfzDbKz-w2my4A67q-vE5O027W0y-NoWd0vxQoLJenN2GJFfhu0OuSe2LYZU5VPmylSvj-UPezDBPhOfallqLDAmk23F%7Ex3IR6qRFaY1QHuQ__&Key-Pair-Id=K6UGZS9ZTDSZM 14a804ed579755549d49c85553c7ac00 PDF Text Text Centre College Board of Trustees Financial Committee Minutes (1858-1864) December 29, 1858 The Financial Committee of the Board of Trustees of Centre College met this day at the office of Bell and Cowan. Present, Dr. Lewis W. Green, John A. Jacobs, Ormond Beatty, Dr. Edward P. Humphrey, and John T. Boyle. Dr. Green was appointed chairman. On motion, Rev. William J. McKnight was appointed Financial Agent and Treasurer of Centre College, subject to the action of the Board of Trustees, with a salary of $1,000 to be paid quarterly, equally by the Board of Trustees of Centre College and the Board of Trustees of the Danville Theological Seminary, each paying $500 per annum. On motion, it was ordered that the expenses of the Financial Agent will be paid when travelling on the business of the College. On motion, it was ordered that the Financial Agent procure an office and furniture for it, one half of which will be paid for by the College, provided the other half is paid by the Danville Theological Seminary. Ordered that John T. Boyle be and he is hereby appointed agent and attorney to attend to the Covington and Lexington Rail Road bonds, sign petition to the trustee of Covington and Lexington Rail Road to take possession of the road, and take such steps as he may deem best for the interest of the College in securing said bonds, in joining in the suit by bondholders. Ordered that the president of the Financial Committee give a certificate to William J. McKnight of his appointment as Financial Agent of the Trustees of Centre College, and the Secretary of the Board of Trustees is authorized and directed to deliver to William J. McKnight, Financial Agent and Treasurer, all the books, notes, bonds, and other papers delivered by B. T. Melton to the Secretary. Ordered that William J. McKnight, Financial Agent, be directed to purchase three Louisville City bonds at rate not to exceed $75 in the hundred. On motion, it was ordered that the Financial Agent procure a book and keep a record of the proceedings and acts of this committee. John T. Boyle Secretary pro tem (Copied by W. J. McKnight) March 17, 1859 The Financial Committee of the Board of Trustees of Centre College met at the office of the Financial Agent. Present, Dr. Lewis W. Green, Dr. Edward P. Humphrey, Ormond Beatty, and John A. Jacobs. Dr. Humphrey was called to the chair. �Ordered: 1. That the Financial Agent be and he is hereby directed to purchase two Louisville City bonds at rates not to exceed 74 cents on the dollar. 2. That Prof. James Matthews [professor of English literature and Latin language] be allowed to draw, at this time, his June quarter of salary, at the same rate of interest which it is now bearing as a deposit at the Central Bank. 3. Mrs. Rachel B. Craig, who owes a scholarship note to Centre College of $500, on which there is &50 interest due, proposes to the Committee to pay $250 in hand and $250 on the terms of the subscription which is now making for the benefit of Centre College, viz., one third on the first of September 1860, one third on the first of September 1861, and the remaining third on the first of September 1862, also assigning to the Board of Trustees a claim on Mr. Ballinger of Stanford for the sum of about $30, the claim being for the use of her scholarship; Mr. Ballinger having acknowledged to Financial Agent that he would pay the claim, and Mrs. Craig further relinquishes to the College all rights to her scholarship from the date of trade. The Committee refer this money to the Board of Trustees to be divided between the endowment and building funds according to their pleasure. Ordered that the Financial Agent settle with Mrs. Craig on the terms above mentioned. 4. W. C. Lyle offers the Board fifteen shares of the Maysville and Lexington Turnpike Company, guaranteeing it to produce $30 annually. Ordered that the Financial Agent accept the proposition, provided Mr. Lyle will relinquish his scholarship. 5. That the Financial Agent visit and examine the Knob land left to the College by Mr. David Williams, form its value, and prospect of selling it. Adjourned to meet as the business requires. William J. McKnight, Financial Agent April 30, 1859 The Financial Committee met at the room of the Agent. Present: Dr. Green, Mr. Boyle, Jacobs, and Beatty. Dr. Green in the chair. A proposition was received from E. D. Hobbs, President of the Louisville and Frankfort Rail Road Co., proposing to redeem the bonds of his company by paying them par value, and the interest due on them up to the date of payment. Ordered that the proposition be accepted, and the Financial Agent be directed to settle with Mr. Hobbs on the above named terms. Adjourned. William J. McKnight, Financial Agent May 19, 1859 The Financial Committee met at the office of the Financial Agent. Present: Dr. Green, Mr. Beatty, and Mr. Jacobs. Dr. Green presided. A communication was received from the cashier of the Farmers Bank of Kentucky informing the Board of Trustees of Centre College that the bank would declare at its next regular semiannual dividend an extra dividend "of the accumulated surplus profits, to the extent of twenty percent, upon the capital stock," and proposing to give to each stockholder the privilege of subscribing for an additional share of stock in the bank, for each five shares of stock now held by such stockholder, and for any fraction of five shares, an additional share upon the payment of the amount over twenty per cent, dividend on such fraction, with ten percent premium thereon. Such overplus and �premium may be paid for out of the regular semiannual dividend, if that should be sufficient, otherwise it should be provided for before the first Monday in July next. The distribution to you may be stated thus: On 75 of your shares you will receive = 15 shares on 4 shares 20 per cent, $80 If you pay $20 and ten per cent premium thereon $2. $102 value of 1 share You will secure 16 shares Please to sign and return the subjoined power of attorney at your earliest convenience. J. B. Temple, Cashier The Committee accepted the proposition, and directed the Financial Agent to sign the power of attorney to fill the blank with the name of J. B. Temple, and direct him to subscribe for sixteen shares of stock, and to pay the $22 remainder out of the next semiannual dividend; and the Agt. was directed to procure the certificates of stock in the proportion of nine shares for the Theological Seminary and seven for Centre College, and to pay the Seminary $20 the premium on the 46th share of their stock. The Financial Agent reported that he had collected the five bonds of the Louisville and Frankfort Rail Road Company, and the interest on the same from January l, 1859, to May 17, 1859, being $114.18, and that the whole amount of $5,114.18 is now on deposit with [illegible word], Lyons and Co. of Louisville, through whom the bonds were collected; and further that there is now on deposit in the Central Bank at Danville $476.89 of principal collected from various individuals and from sale of lot of ground belonging to the College, and that all this sum is ready for investment. Ordered that the Financial Agent be and he hereby is directed to purchase seven Louisville City bonds at rates not to exceed 76 cents on the dollar. Committee adjourned. William J. McKnight, Financial Agent September 6, 1859 Financial Committee met at the room of Financial Agent. Present: Dr. Humphrey and Mr. Jacobs and Mr. Beatty. It was stated to the Committee that Mr. Wiseman and Mr. Long had failed to secure a house in which to carry on their classical school, and that no building could be procured. The Committee deeming it very important that the school be continued, appointed Mr. Jacobs and Mr. Beatty to buy the property owned by Mr. Rodes, Barbee and Co. These gentlemen succeeded in purchasing the property for $575. October 8, 1859 Financial Committee of Centre College met at the Office of Financial Agent. Present: Dr. Humphrey, John T. Boyle, John A. Jacobs and Prof. Ormond Beatty. Dr. Humphrey acted as chairman. �Ordered: 1. That the Financial Agent be directed to purchase five Tennessee State bonds at rates not to exceed ninety one cents in the dollar. 2. That the Financial Agent return the sum of $30, the amount of his tuition fee to Mr. Jon [unclear: Nall?], also the sum of $28.50 to Mr. E. [illegible word] the amount of his tuition fee. These gentlemen paid their fee before they entered College, and not being able to pursue the studies they designed, were permitted by the Faculty to withdraw and hence their tuition has been returned. This action is not intended to be construed as a precedent for further action. 3. A communication was received from J. R. Ford proposing to sell to the Trustees his two scholarships in Centre College, which was referred to Ormond Beatty and William J. McKnight to examine into the proposition, and if it be found that he offers his whole scholarships for $375, the Agent is directed to buy them for the College. 4. That John T. Boyle and William J. McKnight be a committee to visit Mrs. Carpenter, and endeavor to induce her to settle her note to Centre College. 5. That the Agent be directed after a short season to address Mr. Fox another note urging him in stronger terms to settle his note. 6. That the Agent be directed to rent the house and premises lately occupied by A. Bonta to Harrison Wickliffe, the janitor, for the sum of $50 per annum. William J. McKnight, Agent December 15, 1859 The Financial Committee met at the office of Financial Agent. Present: Dr. Green, John T. Boyle and 0rmon Beatty. Ordered: 1. That Financial Agent be directed to purchase two Tennessee bonds at the market value. 2. That Financial Agent be directed to settle the note of A. T. Skillman, deceased, with his administratrix, Mrs. Elizabeth Skillman, on the following terms, viz. that Mrs. Skillman pay one half of the principal which is $250, the whole sum being $500, and the past due interest up to date of settlement, and release and relinquish to the Trustees of Centre College all right to use or devise the scholarship, for which the above note was given, forever. 3. That the tuition fee of $33 paid by Thomas R. Dickerson, who has left College, be returned to his father Rev. A. C. Dickerson, the Financial Committee deeming the application by his father and his father's statement that his son's eyes were so diseased as to disqualify him for study a sufficient reason for this action. 4. That Prof. Robert Patterson [professor of mathematics] be allowed to draw from the Treasury on the first of January approximately $200 in addition to his regular quarter's salary, for which Prof. Patterson and Ormond Beatty shall execute their note, one half payable when Prof. Patterson shall draw his quarter's salary on the first of April 1860, the other half pay when he draws his second quarter on the first of July 1860. June 4, 1860 �Financial Committee met. Present: Dr. Green, John A. Jacobs, Ormond Beatty, and John T. Boyle. Ordered: 1. That the Agent be directed to buy one Tennessee bond. 2. That the Agent be directed to buy Mr. David A. Russell's two scholarships at the rate of $250 each, paying him for them with his own note of $500 held by the College for one of the scholarships, allowing Mr. Russell to send his son [blank space] to College for four years, but limiting the use of it to his son. 3. That the Agent buy J. G. Talbott's scholarship at the rate of $250, taking the Talbott's note for the remainder ($250) and the interest now due (the whole to bear interest) payable six months after date. 4. That the Agent buy the Rodes scholarship for $250 (if possible), allowing him the right to use it four years in the education of his son Charles, but it cannot be used in the education of any other person. August 16, 1860 Office Financial Agent, Centre College, Danville The Financial Committee of Centre College met this day. Present: Dr. Humphrey, Ormond Beatty, and John T. Boyle. Rev. William J. McKnight, having resigned his office of Agent and Treasurer of Centre College, and there being a vacancy, the Committee requested and appointed Prof. Ormond Beatty to act as temporary Agent and Treasurer until the vacancy can be filled, which he consented to do. The appointment of Financial Agent and Treasurer was tendered to Rev. Robert A. Johnstone who asked time to consider the subject, which is granted. Edward P. Humphrey, Chairman September 12, 1860 Financial Committee of Centre College met. Present: the chairman Dr. Humphrey and members Beatty and Jacobs. It was stated to the Committee that a letter had been received from Rev. Robert A. Johnstone, who had been appointed Financial Agent in the place of the Rev. William T. McKnight, declining the appointment thus tendered to him, whereupon it was resolved Mr. Samuel Heron be appointed the Financial Agent of the College, subject to the decision of the Board of Trustees of the College at their next meeting, with a salary at the rate of $500 per annum, and his office and travelling expenses when in the service of the Committee or Board paid. He is required to give his entire time to the service of the College, and (should he be appointed by the committee of the Theological Seminary) to the Seminary upon the terms and conditions embraced in resolutions appointing the joint agents of the two institutions heretofore. Ormond Beatty, Acting Secretary December 1, 1860 �Financial Committee of Centre College met. Present Dr. Green, Mr. Boyle, Jacobs, and Beatty. It was ordered by the committee that John T. Boyle, Esq., be and he is hereby appointed Financial Agent pro tem for the College in place of Mr. Samuel Heron, with full powers to discharge all the duties of Financial Agent and Treasurer, and to receive papers and money from the representatives of Mr. Heron and settle with same. It was ordered by the Committee that the rent of the house now occupied by Mr. Patterson be fixed at $[blank space] per annum, and the expense of all necessary repairs to be borne by the College. Ormond Beatty, Acting Secretary February 1, 1861 Present Green, Beatty, Jacobs, and Boyle. On motion of John T. Boyle, ordered that the Building Fund account be kept in the names of the Financial Committee on the books of the bank, and that all money collected for that fund be deposited by the Agent and collected to their credit on said account in bank; and no portion of it to be drawn except by the check of the Agent and the Chairman, or two members of the Committee. Ordered that the Financial Agent make a permanent deposit of $2,000 for six months in bank, and is to bear interest thereon. John T. Boyle, Secretary and Agent February [no day given] 1861 Present Ormond Beatty, John A. Jacobs, Dr. Green, and John T. Boyle. On motion, ordered that Rev. Heman H. Allen be and he is hereby appointed Financial Agent and Treasurer pro tem of Centre College, with the meeting of the Board of Trustees, at a salary of $500 per annum, payable quarterly. The appointment is made on the terms which Mr. Samuel Heron was appointed, and on same conditions and etc. John T. Boyle, Secretary Danville May 9, 1861 Office Financial Agency Centre College and Danville Theological Seminary Financial Committee of Centre College met at the Office of Agent. Present: Edward P. Humphrey, Lewis W. Green, Ormond Beatty, John T. Boyle The Committee, on consultation in regard to the funds belonging to the Building Fund and the General Fund, and the best disposition to be made thereof, and it appearing from information that the Central Deposit Bank is not willing to borrow the money or retain the same on deposit at interest subject to call or check, and the Committee regarding it safest to the interest of the College to loan the money to individuals, well secured by personal security or real estate security, ordered 1. That they will loan the Building Fund, for one year, at six per cent interest per annum, payable in advance; that no loan shall be made except by the concurrence of �at least three of the Committee approving the loan; that no loan shall be made on note with less than two perfectly good named, or mortgage or real estate, to be approved by three of the committee; that all notes for money loaned shall be made payable in bank in Danville. 2. That the Financial Agent return to Mr. Constant Holt the three dollars paid by him as tuition. Heman H. Allen, Financial Agent October 1, 1861 Office Financial Agency of Centre College. Danville, Ky. The Financial Committee met in the office. Present: Lewis W. Green, D.D., Prof. Ormond Beatty, John A. Jacobs. On motion, it was ordered that the Financial Agent and Prof. 0. Beatty be entrusted with the money in bank, whatever amount may be on hand, to take care of and secure in the best manner they can devise, in case of an emergency, consulting the other members of the Financial Committee if they have opportunity. This order is understood to apply to the public bonds also belonging to the Trustees of the College. October 7, 1861 The Financial Committee met in the office of the Financial Agency. On motion, it was ordered that the Financial Agent transfer so much of the Building Fund as is now on deposit from the Central Bank of Ky., Danville, to the Northern Bank of Ky., Lexington. Also, that the Committee approve the transaction of the Financial Agent, in which he released to Mrs. D. Carpenter her scholarship note of $500, taking her note, due one day after date, for $250; also, her note for $52.50 for interest. Mrs. Carpenter relinquishing to J. W. Welsh and he to the College, the rights to and use of her perpetual scholarship. Also, that the Agent transfer the balance of the General Fund in the Central Bank to the Branch Bank of Ky., Danville. Also, hearing that Mr. Ralston and Burbank have given up the Preparatory Department, that the Committee concur with the Faculty of the College in offering the charge of that department to Mr. George E. Wiseman, as Principal, and Mr. William Young, as Assistant. Subsequently, without any formal action on the part of the Committee, Samuel T. Allen was employed to teach the Preparatory Department. And at the close of the first Session, the first of February, by the approval of the Faculty, Samuel T. Allen gave up the position to Rev. W. D. Symington. January 28, 1862 The Committee informally authorized the Financial Agent to settle the note of A. D. Meyer and A. D. Irvine by taking, in exchange for their notes, a note on S. E. Farrand; Also, in the settlement, to purchase the scholarship of A. D. Irvine by relinquishing one half the note. Heman H. Allen, Secretary �Danville, Ky. May 13, 1862 The Committee met at the office of the Financial Agency. Present: Dr. Green, Mr. Ormond Beatty, Joshua T. Bell, and John A. Jacobs. Mr. Beatty presented the account of Prof. Robert Patterson for repairs on his house, which was allowed by the Committee, with the following order, to wit, that no additional expenditures will be allowed for repairs on the house before the close of the second year during which it has been occupied by Prof. Patterson. With regard to the present use of the permanent fund now lying in bank, the Committee passed the following order: That Mr. Bell be authorized to use it for the purchase of good private paper, at a discount of about ten per cent; the money shall be loaned to private individuals, with good security, for one year. Ordered: That in case of parties owing notes for scholarships to the College, who make use of their scholarships, and yet neglect to pay the interest on them, the Agent be directed to insist upon their prompt payment, and in case of failure to bring suit for the collection of the notes. Heman H. Allen, Secretary Danville, Ky. May 17, 1862 A meeting of the Financial Committee was called at the office of the Financial Agent. Only two of the members were present, namely, Ormond Beatty and Mr. John A. Jacobs. A proposition was presented to the Committee from Charles Henderson, Esq., to relinquish his right to a perpetual scholarship in Centre College, paying one half the principal of his note, $250, with one year's interest, there being now, four years interest due on it. In view of certain facts in the case, the Agent was authorized to accept the proposition. Ordered that the Agent take out an insurance policy in the Liverpool Ind. Company, on the Sayre Hall [first Sayre Library] for $4,000 at 1/2 per cent. Heman H. Allen, Secretary Office Financial Agency July 9, 1862 Financial Committee met pursuant to call. Present: Dr. Green, Prof. Beatty, and John A. Jacobs. On motion it was ordered 1. That the Financial Agent return to Gavin E. Wiseman of $25 for balance of rent of Preparatory Department for the year ending June 1861. 2. That Dr. Green obtain from Dr. Edward P. Humphrey a copy of his remarks at the inauguration of the Sayre Hall, and have the same, in connection with his own speech delivered on the same occasion, published in pamphlet form. 3. That Mr. Beatty be directed to see what repairs are needed on the Preparatory Department, and order them to be made. �Heman H. Allen Secretary Office Financial Agency July 31, 1862 Financial Committee met pursuant to call. Present: Prof. Ormond Beatty and John A. Jacobs, Esq. On motion, it was ordered: 1. That the Committee will not invest any portion of the College funds in public securities, at present. 2. That if an investment is effected, with private securities, the Committee will require not less than two satisfactory persons as security, in addition to the principal, all to be equally bound, and also will require the interest to be paid semi-annually, in advance; that the loan be made for one year, the Committee claiming the right to collect it when due. It was ordered by the members present that the security should present the above orders to Mr. Joshua T. Bell for his approval before recording or acting upon them, which was accordingly done. Heman H. Allen, Secretary September 16, 1862 Financial Committee met pursuant to call. Present: Prof. Ormond Beatty and John A. Jacobs, Esq. It was ordered that the salary of the sexton, Harrison Wickliffe, be reduced from $150 to $100 per annum, the reduction to take effect from the lst day of July 1862. Dr. Green afterwards appeared in the Committee, making a quorum, and approved the order. Heman H. Allen, Secretary Office Financial Agency December 1862 Two members of the Financial Committee, viz. Drs. Lewis W. Green and John A. Jacobs, Esq., met at the Office by previous arrangement with Dr. Humphrey, president of the Board of Trustees, and after conferring together, having learned that there was special necessity for paying at least a portion of the salary of Professor Robert Patterson, directed the Financial Agent to pay to Prof. Patterson $300 on account of salary: also directing him to lay this action before Prof. Beatty on his return to Danville, and if it meet his approval, to put it on record as an order of the Committee. Prof. Beatty, having given his approval to the action, the order is entered on the minutes. Heman H. Allen, Secretary January 12, 1863 The Financial Committee met pursuant to call. Present: Dr. Lewis W. Green, Prof. Ormond Beatty, and John A. Jacobs, Esq. �The Financial Agent, having stated that the note of F. L. Fox for $537.50 or thereabouts, had been lost, he was ordered to get a new note, which should be as near as possible a duplicate of the old note. In the case of S. E. Farrand's note, due 15th December 1862, the Financial Agent was ordered to give Mr. Farrand further time for payment, provided he would make the note secure. The Financial Agent was also ordered to purchase with any funds in his hands belonging to the principal, a note for $250, due 1st March 1864, on A. Clemens and W. L. Larkington, of J. U. Henderson, [illegible word], provided he finds either the first-signer or endorser of the note to be responsible and prompt in payment. Note to be purchased at the usual discount. Heman H. Allen, Secretary Office Financial Agency Danville, Ky. January 29, 1863 The Financial Committee met pursuant to call. Present: Rev. Dr. Lewis W. Green, Prof. Ormond Beatty, and John A Jacobs, Esq. The question was presented to the Committee by the Financial Agent, whether he should pay $250 for the scholarship owned by Isaac W. Scott. Also, the half scholarship of Robert S. Taylor and Mrs. Nancy A. Huston by relinquishing one half the note of $250. After considerable discussion, the Committee decided that, in their judgement, the action of the Board of Trustees, authorizing the Financial Agent to purchase scholarships at a price not exceeding $250, did contemplate his paying $250 in cash out of the permanent funds of the College in his hands for scholarships, for which the sum of $500 had been paid to the College. The Financial Agent was therefore directed to purchase the scholarship of Isaac W. Scott, at $250. The half scholarship above alluded to, he was directed not to purchase. It was also ordered that the Financial Agent pay to each of the Professors the sum of $300, of the funds now in his hands, and to the President a proportionate part of his salary, taking the notes of the individuals for the amount. Heman H. Allen, Secretary June 15, 1863 At a meeting of the Financial Committee, Prof. Ormond Beatty and John A. Jacobs, Esq., being present, it was ordered that the Financial Agent should subscribe, on behalf of the Board of Trustees, five shares in the National Bank into which the Central Bank is about being transferred by its stockholders, that being the amount of stock owned by the Trustees in the latter bank. Heman H. Allen, Secretary Office Financial Agency, Danville Ky. July 18, 1863 The Financial Committee met pursuant to call. Present: George F. Lee, Esq., chairman, appointed at last meeting of Board of Trustees in place of Dr. Green, John A. Jacobs, Esq., and Prof. Ormond Beatty. Ordered that the salary of the janitor, Harrison Wickliffe, be increased to $125 per annum. �The Financial Agent having laid before the Committee a copy of the will of Mrs. Catharine W. Bradshaw, it was ordered that he consult immediately with Joshua F. Bell, Esq., as to the steps which ought to be taken in regard to the matter of the above will, and proceed at once to act upon his advice. Heman H. Allen, Secretary Office Financial Agency, Danville Ky. November 3, 1863 At a meeting of the Financial Committee, at which were present George F. Lee, Esq., chairman, John A. Jacobs, Esq., and Prof. Ormond Beatty, the following orders were passed 1. That $50 be paid to Heman H. Allen for his services as instructor in the College, in the absence of Prof. Cooper, from the opening of the present session to the 5th day of October following. 2. That the tuition fees of V. P. Thomas and M. P. Drury be returned to them, they having been withdrawn from the College soon after entering. Heman H. Allen, Secretary Danville, Ky. December 3, 1863 At a meeting of the Financial Committee, pursuant to call, only Mr. Jacobs and Prof. Beatty were present. The Financial Agent was directed to invest the $200 of the Alumni Association Fund, reported in his hands, in U.S. 5-20 bonds, the investment of this fund having been intrusted to them by the Association. Terms were agreed upon in regard to purchase of the scholarships of C. Rodes and F. G. Montgomery, the former to be purchased by relinquishment of 1/2 note - $250 - with the privilege granted Mr. Rodes of tuition free for his son Charles; the latter to be offered the relinquishment of the interest due on his note $420+ - provided he will pay the principal and relinquish the scholarship. If he should not accept this proposition, he is to be requested to furnish in writing a statement to the Board of what he wishes them to do in regard to his note, with his reasons for it. If he refuses to do this, then the note is to be pressed for collection. Ordered that the Financial Agent have the Patterson house insured at $1,000. Ordered that the Financial Agent write to Rev. Alex Cowan, agent of [Kentucky] Colonization Society, that the secretary of that society can draw on the Financial Agent for the $500 appropriated by the Board to aid in removing the Overton negroes to Liberia upon furnishing to him a certified statement that the said negroes have sailed from Baltimore. Heman H. Allen, Secretary Danville, Ky. March 7, 1864 Financial Committee met pursuant to call. It was ordered that the Financial Agent direct our attorney at Hopkinsville to propose to Mr. J. F. Montgomery, who resists the payment of his scholarship note, to submit the decision of the case to the arbitration of the judge, without a �jury, Dr. Montgomery having appealed with Board of Trustees to release him, upon his statement of facts; see his letter on file. Ordered, also, to rent the Patterson house to Mr. Stevens at $150 or $200, at discretion, for twelve months. It was rented at $200. Ordered, also, to return one half the tuition of [William J.] Lapsley for this session, he having been under necessity of returning home. Mr. Beatty was directed to negotiate with Mrs. John C. Young [deceased President of Centre College] for the relinquishment of her scholarship, with some discretion as to the extent to which she should hold a reserved right for the education of Dr. Young's grandchildren, free of tuition. Heman H. Allen, Secretary Office Financial Agency July 4, 1864 At a meeting of the Financial Committee, called at the same time with the Building Committee, the following members of the two committees being present, Prof. Ormond Beatty, Dr. Humphrey, William J. McKnight, and Ezekiel Forman, the bank statements of Heman H. Allen, Financial Agent, were carefully examined, and the amount of his deposits, on the 10th of June, all were found to correspond with the amount of the cash balance called for in his last report, to wit $12,423.03. This examination is made by order of the Board of Trustees at its last meeting, which order was in compliance with the request of the Financial Agent. Ormond Beatty Office Financial Agency, August 27, 1864 The Financial Committee met, pursuant to call. Members present: Prof. Ormond Beatty and Mr. John A. Jacobs and George F. Lee. It was ordered 1. That the Preparatory Department be rented to Mr. Ralston and Burbank at $100 per annum. All permanent repairs to be made at the expense of the College, all other repairs to be made at their own charges. 2. That the Financial Agent have the Preparatory Building insured. That portion of the Permanent Fund now on hand, having been lately invested in the U.S. six per cent temporary loan. 3. That the investment be approved. Heman H. Allen, Secretary Danville February 20, 1865 Financial Committee met pursuant to call. Present George F. Lee, Edward P. Humphrey and Ormond Beatty. Ordered that a loan of $3,500 of the Building Fund be loaned to Thomas Barbee and George W. Welsh for one year, with the distinct declaration that the fund will be recalled at that time, if the Board should deem it advisable to do so. �Mr. Thomas J. and Robert P. Townsend, after paying their tuitions, each for one half a session, having been immediately recalled by the disturbed condition of that part of the state from which they came, therefore it is ordered that, in compliance with their written request, their tuitions be returned, and the secretary is requested to attend to this business. Ordered that the salary of the janitor be raised to $175 per annum to take effect from the 1st of January 1865, the Committee claim the right of terminating this arrangement at pleasure. An application for the purchase of the [illegible word] property was refused. Ormond Beatty Danville February 24, 1865 Financial Committee met pursuant to call. Members present, George F. Lee, chairman, Dr. Edward P. Humphrey, and Ormond Beatty. Ordered that Ormond Beatty be requested to attend to the duties of the Financial Agent and Treasurer until an agent is appointed in the place of Mr. Heman H. Allen, and he is hereby authorized so to act. Ordered that Mr. Beatty be directed to write to Edward P. Quigley in relation to investments for the funds of the College, and to report to the recent meeting of the Committee. Ormond Beatty March 6, 1865 Financial Committee met pursuant to adjournment. Present George F. Lee (chairman) Edward P. Humphrey, and Ormond Beatty. Ordered that $3,500 of the general fund be invested in 7-30 U. S. bonds. Ordered that the funds now on temporary loan at Cincinnati be invested in 7-30 U.S. bonds. This money exclusive of the portion belonging to the General Fund and embrace in the preceding order, amounts to about $10,000, and this amount is ordered to be invested in 7 - 30 bonds for the Building Fund. Ordered that Mr. Beatty be requested to send the key of the box containing the bonds, etc., belonging to Centre College, which box is now on special deposit in the Northern Bank of Ky. at Covington, to Mr. Worrell or some other friend of the College in Covington, and get the coupons cut off and left with Mr. Ernst for collection. Ordered that as soon as they fall due, the interest be collected on $4,000 of 5 percent Treasury notes now on special deposit at Louisville, and that there notes be deposited to the credit of the College, so that the Committee may change to a more profitable investment. Ormond Beatty, Secretary March 6, 1865 �Financial Committee met. Mr. Beatty was authorized to loan for one year upon good security to George Lee, such sum (about $5,000) as he might need. He was to use such money as he might have on hand, and as much of the $4,000 now on special deposit in Louisville as might be needed. Ormond Beatty, Secretary April 17, 1865 Financial Committee met. Mr. Beatty reported that he had effected a loan of $5,500 to George Lee, J. E. Lee, and J. F. Lee payable one year after date viz. 28th day of March 1866. Belongs to Building Fund. Ordered that $1,000 be loaned to J. P. Fisher, Thomas Barbee, and Robert A. Johnstone. Ormond Beatty, Secretary May 8, 1865 Financial Committee met. Present Lee, Humphrey, and Beatty. Minutes of the two preceding meetings read and approved. Mr. Beatty reported that the loan to J. P. Fisher, Thomas Barbee, and Robert A. Johnstone has been effected on their joint note due April 17th 1866. Mr. Beatty also noted that he had attended to the collection of the interest on the $4,000 special deposit of five percent Treasury notes, and that the whole amount of the Building Fund now on hand was about $4,000. Ordered that about $1,500 (the exact amount to be ascertained from themselves) be loaned to George F. Lee, J. M. Meyer, and J. W. Welsh, and the balance be invested in 7-30 U.S. bonds. Ordered that the College campus be allowed to Dr. Breckenridge to be used as a pasture until the meeting of the Board of Trustees in June. Ordered that Mr. Beatty be directed to employ Mr. Heman H. Allen to prepare the annual financial report. His expenses to be borne and a liberal compensation to be given him. Ormond Beatty Office of Financial Agent May 20, 1865 The Committee met and invested as directed at last meeting, $2,000 in U.S. 7-30 bonds and loaned to G. F. Lee, J. M. Meyer and J. W. Webb $1,701.30 on a joint note payable 20th May 1865 with interest from date. Bought McChord's scholarship for $250. October 3, 1865 Financial Committee met, 4 o'clock p.m. Present, George F. Lee, chairman, Edward Humphrey, Ormond Beatty, John A. Jacobs, and Robert A. Johnstone. John F. Friley signified by letter to the Committee terms on which he derived to rent the Overton farm till March 1, 1867. Discretion was given to the Financial Agent to rent said farm to Mr. Friley on the best terms which he can make with him. �Also a letter from John M. McCalla relative to the note of Mary Boswell (Riggs) stating that she would be in Washington City in September, and asking that her note to Centre College for $500 be sent on to him immediately, was laid before the Committee, whereupon the Committee directed the Financial Agent to forward said note to General McCalla, and request him to press its collection at once. Robert A. Johnstone made application to the Committee to rent the dwelling house belonging to Centre College which is now occupied by Mr. Stephens, formerly known as the Dodd House. On motion it was ordered that Robert A. Johnstone shall have leave to occupy said house after the time for which it is now rented shall have expired. The terms upon which Mr. Johnstone shall rent and occupy the house to be fixed by this Committee hereafter. Adjourned sine die. Robert A. Johnstone February 1, 1866, 3 o'clock p.m. Chairman of Financial Committee called the Committee together in 1st National Bank, the members present were George F. Lee, Ormond Beatty, and Robert A. Johnstone. William Irvine applied to the Committee for the loan of $500 for six months. It being made clear to the Committee that funds belonging to the Building Fund of Centre College were lying on deposit in Central National Bank of Danville, the Financial agent was directed to let Mr. Irvine have the above named sum on loan for the time said, upon the condition that be Irvine shall make his note for the money entirely good. Mr. W. D. Irvine, George E. Lee, George W. Welsh executed their note, February 3, 1866, for $515.00 payable to Trustees of Centre College, six months from date. Office Financial Agent, April 10, 1866 Financial Committee met. Present, Edward F. Humphrey, John A. Jacobs, Ormond Beatty, and Financial Agent. It was represented to the Committee that it would be much to the interests of Centre College to purchase so much of the ground of Ormond Beatty adjoining College grounds as will extend the Eastern line from [blank space] to [blank space] embracing 4 acres more or less. It was ordered that the lot be purchased at the rate of $200 per acre, Mr. Ormond Beatty being allowed to remove from the ground certain locust trees specified by him, and the Committee agreeing to remove the fence forming the present Eastern boundary between Ormond Beatty and Centre College at the expense of the College, with the understanding that after the fence shall have been reset, one half of the fence shall belong to Ormond Beatty. This purchase being subject to the approval of the Board of Trustees of Centre College, also it was ordered that the Treasurer of Centre College pay for the land and take the necessary [illegible word]. This order was carried out April 14, 1866. The ground bought of Ormond Beatty bounded as follows: beginning at the southeast corner of the lot bought by Beatty of J. L. Bell and running thence with one of its sides north 1 1/2 east 35 92/100 poles; thence with another of its sides south 87 3/4 east 17 56/100 poles; thence south 1 1/4 west 35 44/100 poles; thence north 89 west 17 60/100 poles to the beginning. �Containing 3 acres $200 per acre $600.00 Containing 3 roads $150.00 Containing 28 fences $35.00 $785.00 April 14, 1866, Office Financial Agent, 4 o'clock p.m. The Financial Committee met. Present, George F. Lee, John A. Jacobs, Edward F. Humphrey, Robert A. Johnstone, and Ormond Beatty. The application of Mrs. Mary Green, referred by the Board of Trustees of Centre College to this Committee, was considered and decided in the negative, and the Financial Agent was ordered to say to Mrs. Green that on condition she will pay the principal of the notes of Dr. Lewis W. Green given to Centre College Building Fund within 60 days from this date, the interest now due on said notes will be remitted. Adjourned sine die. Robert A. Johnstone, Financial Agent Office Financial Agent, April 20, 1866, 4 o'clock p.m. The Financial Committee met, Present, George F. Lee Chairman, John A. Jacobs, Edward Humphrey, Ormond Beatty, and Robert A. Johnstone. The matter of private investment of funds of Centre College Building Fund was considered, and the order made that the proceeds of all notes which may be paid be invested in U.S. securities until further orders from this Committee. Also, that the interest shall be called for every six months on such notes as may not be paid by individuals owing same, and that when persons fail to pay interest at end of every six months, the principal of their notes shall be demanded, and that the Financial Agent shall give notice of this order to all persons whom notes are held by this Committee. Adjourned sine die. March 3, 1866 2 o'clock p.m. The Financial Committee met in office of the Financial Agent. Present, George F. Lee, chairman, John A. Jacobs, Ormond Beatty, and Robert A. Johnstone. The Financial Agent was directed to invest $2,000.00 in U.S. 7-30s bonds as soon as possible. This order was executed March 19, 1866, and the investment made of funds belonging to the Building Fund of Centre College in U.S. 7-30 bonds were purchased amounting to $2,000 and $37.60 accrued interest paid on said bonds. Total $2,037.60. Robert A. Johnstone November 13, 1866 Financial Committee, present John A. Jacobs, Ormond Beatty, George W. Welsh, and Robert A. Johnstone. The subject of the contingent interest of Centre College in certain property of Walnut Hill Congregation. Also in certain school property in the Hustonville Congregation, �being taken up and considered, it was on motion, resolved that John A. Jacobs and Robert A. Johnstone be and are hereby appointed to look after the same and report to this Committee as soon as possible. Robert A. Johnstone First National Bank, Danville March 3, 1867, 3 o'clock p.m. The Financial Committee met. Present George F. Lee, chairman, Ormond Beatty, John A. Jacobs, George W. Welsh, and Robert A. Johnstone, Financial Agent and Thomas Barbee of Committee on Repairs. A paper relating to recent improvements made on the grounds of Centre College by the Trustees of the City of Danville was read in the hearing of the Committee by Ormond Beatty, which was considered at some length by the committee - where, on motion, Ormond Beatty, John A. Jacobs, and Robert A. Johnstone were appointed to confer with the Trustees of the City of Danville in reference to the matters presented in said paper, and report at an early day to this Committee. The House occupied by Financial Agent as re-rented to Robert A. Johnstone, Financial Agent, at the rate of $200 per annum from February 1, 1867. Also bills and costs of repairs made by Robert A. Johnstone on said house during the year ending January 30, 1867, were presented to Financial Committee by the Committee on Repairs as approved by them and the same allowed in settlement of the rent account for the year just closed. The Financial Agent was directed to have the 7-30 bonds now ready to be converted into 520's - so converted - as soon as it may be desirable to do so. Adjourned. Robert A. Johnstone, Secretary First National Bank, Danville, Ky. March 12, 1867 3 o'clock p.m. The Financial Committee of Centre College met upon call of stated Clerk. Present George W. Welsh, chairman pro tem, Ormond Beatty and Robert A. Johnstone. It was ordered that five 5-20 U.S. bonds each for $1,000 be immediately purchased by funds belonging to the Centre College Building Fund now in the Treasury of the College. Also it was ordered that the Financial Agent retain as counsel in behalf of the Trustees of Centre College the Hon. George F. Bell, in the event of suit being instituted to dispossess the said Trustees of Centre College of their rights to its hold and control the interests and property thereof. Robert A. Johnstone, Secretary April 8, 1867 The Committee met. Present John A. Jacobs, chairman pro tem, George W. Welsh, Ormond Beatty, and Robert A. Johnstone, Financial Agent. �It appearing that the minutes of a meeting of this Committee held January 29, 1867, during sickness of the Secretary of Committee, have not yet been recorded, the Secretary was directed to record them in this place. They are as follows. January 29, 1867, Financial Committee met. Present George W. Welsh, John A. Jacobs, and Ormond Beatty. It having come to the knowledge of the Committee that the Financial Agent had directed suit to be instituted for the collection of the notes of George Lee and others for $3,500, the Committee requested Mr. Johnstone to withdraw the suit upon condition that the interest of said note be paid to March 1867. Ordered that the Committee will recommend the withdrawal of the suit against C. Caldwell and others for $[blank space] upon condition that interest shall be paid to the lst January 1867, and that new and satisfactory notes shall be given for the principal to be paid by January 1, 1868. A proposition from James [illegible name] of Texas was made to Committee through Thomas M. Paschal to pay off his note to Centre College in Texas lands at rate of $250 per acre. This proposition was accepted, and Financial Agent directed to correspond with Judge Paschall in relation to it. It was ordered that the Financial Agent be directed to notify all private debtors of the College who are borrowers of money, that it is our desire that they pay up their respective notes as soon as they can, and that it is the purpose of the Committee to invest henceforth in public securities only. April 8, 1867 The minutes of April 8, 1867 are as follows. Certain papers from Hon. J. M. Harlan relating to services rendered and costs incurred in the case of attempt to amend the charter of Centre College were laid before the Committee. Hon. J. F. Bell, being present, explained said papers to the Committee and stated his estimate of said services and costs, whereupon the Committee ordered Financial Agent to pay to Hon. J. M. Harlan the sum of $745.90, stating to him that this is all that the funds of Centre College can afford at present, and that this matter will be considered as still open for future adjustment. Said papers are as follows: No. No. No. No. 1: 2: 3: 4: Sum of Costs Legal Services and Messenger Fee of A. J. James Frankfort Commonwealth Adves. Bill Ky. Yeoman Adves. Bill A letter from James F. Buckner of Louisville, Ky., in relation to balance due on note of Dr. F. G. Montgomery to Centre College was laid before the Committee. It was ordered that Mr. Buckner be informed by Secretary of the Committee that the Board of Trustees alone can settle this case, but that this Committee feel confident that the Trustees of Centre College will not enforce the collection of the debt during the life time of Mrs. Montgomery, and that this Committee do not wish Mr. Buckner to press the case any further than to take all steps needful to secure the debt at the death of Mrs. Montgomery, �and see that nothing shall be done in the matter to cut off Centre College from the claim at the close of the natural life of Mrs. Montgomery. The Financial Agent reported that $10,000 U.S. 7-30's had been converted into U.S. 5-20's. Also that one additional U.S. 5-20 bond + $1,000 had been purchased April 1, 1867, for $1,070. Also that on March 13, 1867, 5 U.S. 5-20 bonds, each for $1,000, had been purchased with funds of Centre College Building Fund. The case of College campus was brought before the Committee, with the statement that the students of Centre College feel aggrieved at not being permitted to use the College campus as playground and for exercises or relaxations. Also that someone or more of the Trustees of Centre College, not members of this Committee, have expressed anxiety that the students shall be permitted to use the College campus for purposes and uses afore said. During prudency of this subject, the Committee adjourned. John A. Jacobs, chairman pro tem, Robert A. Johnstone, Secretary Committee First National Bank, Danville, July 27, 1867 Financial Committee met. Present William L. Breckinridge, Y. W. W., and Ormond Beatty Met and directed the chairman, William L. Breckinridge, to request Dr. Edward P. Humphrey to engage an attorney to attend to the interests of the College in the matter of the will of Mrs. Sarah Liggett deceased. Adjourned. William L. Breckenridge, chairman, Robert A. Johnston, Secretary October 5, 1867 Financial committee met. Present William L. Breckenridge, chairman, Ormond Beatty, Thomas Barbee, and Financial Agent. The state of the law suit brought against Trustees of Centre College in Boyle Circuit Court by certain persons claiming the right to control said College, was considered, and the Secretary of this Committee directed to lay before the Trustees of the College at their ensuing meeting at Covington all that has been done in relation to said suit by this Committee. Also the Financial Agent was directed to call the attention of the Trustees of Centre College to the question of selling such U.S. bonds as now bear a high price in the market, and reinvesting proceeds in other securities. November 6, 1867 4 o'clock p.m. The Financial Committee met in their office, Danville. Present William L. Breckenridge, chairman, John A. Jacobs, Ormond Beatty, and Financial Agent (Robert A. Johnstone). The Committee took into consideration the state and condition of certain notes belonging to the funds of Centre College, and having spent some time looking into the matter, the order relative to all the private debtors of the College made January 29, 1867, and recorded on page 39 of this book, was caused to be read in the hearing of the Committee, which order is in these words. "Ordered that the Financial Agent be directed to notify all private debtors of �the College who are borrowers of money, that it is our desire that they pay up their respective notes as soon as they can, and that it is the purpose of the Committee to invest hence forth in public securities only." Whereupon, on motion, the Financial Agent was directed to communicate with those persons whose notes have just been examined, and inform them that this Committee is desirous of receiving the principal and interests of their notes as soon as the same shall have become due. Adjourned to meet in office of Financial Agent tomorrow at 3 o'clock p.m. to consider the condition of the uncollected original notes belonging to the funds of Centre College. William L. Breckenridge, Chairman, Robert A. Johnstone, Secretary November 7, 1867, 3 o'clock p.m. The Financial Committee met according to adjournment. Present William L. Breckinridge, chairman, Ormond Beatty, George W. Welsh, John A. Jacobs, and Robert A. Johnstone, Financial Agent. The state of the original uncollected notes belonging to Centre College was taken up and considered at some length, and then, on motion, the Financial Agent was directed to collect, as speedily as possible, all such notes. Adjourned. William L. Breckenridge, Chairman of Committee, Robert A. Johnstone, Secretary Office of Financial Agent, January 11, 1868, 10 o'clock a.m. The Financial Committee met. Present William L. Breckenridge, chairman, John A. Jacobs, Ormond Beatty, George W. Welch, and Robert A. Johnstone. A certain paper signed by J. F. Bell, T. E. Duisenburg, Van Winkle and Fox and Durham and Jacobs, attorneys in behalf of the Trustees of Centre College, suggesting that the Trustees of the College pay on account of fees to counsel the sum of $1,000, the sum to be paid at once, was read in the hearing of the Committee. Also a letter from Rev. Edward F. Humphrey, D.D., in relation to the general matter of counsels' fees in said case was read. The matter was taken up and considered fully by the committee, and, upon motion, Ormond Beatty and Robert A. Johnstone were appointed to confer with these gentlemen and report to this Committee. The case of the note of J. M. Meyer and others was brought before the Committee with the statement that Mr. Meyer has not paid the principal of his note due to Centre College on January 1, 1868. Whereupon the Financial Agent was directed to see Mr. Meyer and collect the money due upon his note - interest and principal - if possible without suit. But in case he shall find that it is not in the power of Mr. Meyer to make this payment, to inform him that he can keep the money for 12 months longer from January 1, 1868, he paying interest semi-annually, with the understanding that the principal of his note must be promptly paid at the end of said 12 months without failure and without conditions. The case of the note of George Lee and others was brought before the committee, with the statement that Financial Agent has seen Mr. Lee with reference to his note, and that Mr. Lee said he could not promise to pay any part of the principal of his note at maturity, and could not say when he would be able to do so, but would pay a part of the principal as soon as �possible. Where upon the Financial Agent was directed to see Mr. Lee and inform him that the Finance Committee desire immediate payment, if possible, and in the event of his failing to pay his note, to get Mr. Lee to have a new name - as security - put upon his note. The Financial Agent was also directed to report, in relation to this case, to this Committee at an early day. Adjourned. William L. Breckenridge, Chairman of Committee, Robert A. Johnstone, Secretary Office of Financial Agent, January 24, 1868, 1 o'clock p.m. The Financial Committee of Centre College met. Present William L. Breckenridge, chairman, John A. Jacobs, Thomas Barbee, Ormond Beatty, George W. Welsh, and Robert A. Johnstone, Financial Agent. The Financial Agent reported compliance with the order given to him to confer with J. M. Meyer and George Lee, as to payment of their notes now due to Centre College. His report is as follows. In compliance with the directions given by the Financial Committee of Centre College at its meeting of January 11, 1868, the Financial Agent hereby reports that he has seen Dr. J. M. Meyers in relation to his paying the principal of his note, and received for answers that Dr. Meyer will pay $1,000 sometime in the latter part of March next, and the balance as soon as may be in his power. Also that he (Financial Agent) has seen Mr. George Lee in relation to his note, and informed him that this Committee desires the immediate payment of the principal of his note, if in his power to do so. And in the event of his not being able to do so, this Committee desire him to give additional security upon his note, and learned from Mr. Lee that it is not convenient for him to pay the note at this time, and also that he is unwilling to give the additional security upon his note asked for by this Committee. After representing the mind of this Committee on this subject as fairly and fully as was in my power to Mr. Lee, I was informed by him that he was unwilling to give the additional security on his note, and to make any definite promise as to when he would pay any part of the principal. Respectfully, Robert A. Johnstone, Financial Agent, Centre College This report was maturely considered by the Committee, and finally the following action was taken with reference to it. 1. That the report be received 2. That so much of it as relates to Dr. J. M. Meyers note is satisfactory to this committee and is approved, and 3. That so much as relates to Mr. George Lee's note is received, and the Financial Agent directed to see Mr. George Lee again and collect the interest now due upon his note, and have his note renewed with the same securities and made negotiable and payable in the First National Bank, Danville, Ky., on July 1, 1868. Adjourned. �William L. Breckenridge, Chairman, Robert A. Johnstone, Secretary Office of Financial Agent, Danville, Ky. March 6, 1868, 4 o'clock p.m. The Financial Committee of the Trustees of Centre College met. Present William L. Breckinridge, chairman, John A. Jacobs, Thomas Barbee, Ormond Beatty, and Robert A. Johnstone, Financial Agent. The Committee appointed to confer with attorneys in the College suit, in relation to their suggestions that the Trustees of the College pay on account of fees to counsel the sum of $1,000, this sum to be paid at once, reported that they had conferred fully with Mr. John S. Van Winckle as the representative of all the attorneys in said case who reside in Danville, and learned from him that the sum of $1,000 will satisfy all counsels' fees until said case shall have reached the Court of Appeals, as far as he is at present. Advised also that whilst counsels fees for defense of suit in the Court of Appeals may possibly exceed the sum of $500, efforts will be made by these attorneys to have this defense made on as reasonable terms as possible. This report was received. Mr. John S. Van Winckle, being present, concurred in its correctness, whereupon, after some consideration the report was approved, and on motion it was resolved that the Financial Agent be and he is hereby directed to pay at once the sum of $1,000 to the said attorneys, including General J. M. Harlan, in compliance with their suggestion made to this Committee at their meeting January 11, 1868, and that the question as to whether this compensation of attorneys shall be considered as final ought to be decided hereafter both by any extraordinary amount of services which they may have to render in this case and by their friendly regard to the interests of the College. Adjourned. William L. Breckinridge, Chairman of Committee, Robert A. Johnstone, Secretary Office of Financial Agent, May 27, 1868, 4 o'clock p.m. The Financial Committee of the Trustees of Centre College met. Present William L. Breckinridge, chairman, John A. Jacobs, Thomas Barbee, Ormond Beatty, George W. Welsh, and Robert A. Johnstone. The condition of the Farmers Bank was considered, and the Committee understanding that a meeting of the stockholders of said bank is called to meet in Frankfort on lst Monday of May next to elect directors. Prof. Ormond Beatty, Secretary of the Board of Trustees of the Centre College, was requested to prepare a proxy and sign the same in due form in behalf of the Trustees of said College to be used in the pending election of directors of said bank at the meeting aforesaid, and put the same into the hands of the Financial Agent of Centre College. Also, Robert A. Johnstone, Financial Agent of Centre College, was requested to visit Frankfort as soon as possible and investigate the condition of said bank, and in case he cannot report to this Committee in time for it to act upon his report prior to said meeting of the stockholders of said bank, then that he give the proxy to such person, as in his discretion, he may judge to be suitable and proper to use the same in said election. Adjourned. Robert A. Johnstone, Secretary Office of Financial Agent, June 27, 1868 �The Financial Committee of Trustees of the Centre College met. Present William L. Breckinridge, chairman, Ormond Beatty, George W. Welch, Thomas Barbee, Aaron A. Hogue, and Robert A. Johnstone, Financial Agent. Application was made to the Committee by William I. Moore in behalf of the school commissioners for the Danville District, asking that leave be granted to them to use the Preparatory Building during the College vacation as a district school house, i.e. from July 1, 1868, to September 14, 1868. This application having been considered, on motion it was referred to George W. Welch and Robert A. Johnstone, with full power to settle the same with said school commissioners. Also the selling of the Old Preparatory building was referred to George W. Welch and Robert A. Johnstone. Adjourned. Robert A. Johnstone, Secretary June 27, 1868 The Trustees of Centre College residing in Danville met in the office of the Financial Agent, William L. Breckinridge in the chair. Others present, Ormond Beatty, Thomas Barbee, George W. Welch, and Aaron Hogue. The question as to whom the appointment of assistant teacher of the Preparatory should be given was considered at some length, agreeably to the recommendation of the Board of Trustees at their recent annual meeting, and on motion Mr. Welch and Barbee were appointed a committee with all reasonable powers to see the principal of the Preparatory, Mr. Ralston, and give the appointment to the person whom they and the principal may judge to be the suitable person for the place. Adjourned. Robert A. Johnstone, Acting Secretary of the Committee Office of Financial Agent, October 26, 1868, 2 1/2 o'clock p.m. The Financial Committee of the Trustees of Centre College met. Members present, Ormond Beatty, chairman pro tem, John A. Jacobs, Aaron A. Hogue, Thomas Barbee, and Robert A. Johnstone. The matter of insuring the new Preparatory building was considered, and the Financial Agent was directed to insure the said building for $4,000 in such office, as upon inquiry, he may judge to be preferable and best. The case of janitor for Centre College was brought to the attention of the Committee, and after some consideration it was referred to Prof. Ormond Beatty for settlement. The house occupied by the President, being about to become vacant, and the Board of Trustees at their recent meeting having directed this committee to take charge of the same and rent it out for the present, and the Rev. Aaron A. Houge having informed the Committee that he desired to rent the said house, after some consideration the Committee agreed to rent the house to Mr. Houge on the following terms and conditions, to wit 1. The rent per annum shall be $300, paid at least half yearly. �2. That Mr. Hogue may use the house to some extent as a boarding house, but in that case he shall furnish board to students of Centre College at five dollars per week exclusive of working, and in case this Committee or the Faculty of the College shall ask him to board students of the College for a less price than five dollars per week, this Committee agree to deduct the difference from the annual rent of the house, and that the said house shall be vacated by Mr. Hogue on the demand of this Committee. The bonds of the State of Kentucky belonging to Centre College being nearly due, the Financial Agent was directed to make inquiry as to the best forms of investment and report to this Committee. The Committee next considered the terms on which the teachers of the Preparatory Department shall be allowed to use the new Preparatory Building. And it was agreed that in consideration of the small number of pupils in the Preparatory Department at this time and further, in consideration of the reduction recently made in the price of tuition, the said building shall for the current college year be rented to the said teachers - Ralston and Burbank - for the sum of $150, on the conditions that the said Ralston and Burbank will agree to use diligence in keeping the house and grounds from trespass and injury or damage of any kind, both on the part of their own students and all other persons and animals, during session and vacation. And further that they will agree to keep the house and grounds in good repair. All temporary improvements on house and grounds such as glass, locks, gate hinges are to be at their expense, while all permanent improvements shall be at the expense of the Board of the Trustees of the College. The furnishing of the new Preparatory Building with seats was considered and Ormond Beatty and Robert A. Johnstone were appointed to confer with the teachers of the Preparatory Department in relation to this matter, and make such arrangements therein as to them may appear wise and proper. The question as to the propriety of selling the house, now occupied by Robert A. Johnstone, having been referred to this Committee to do in the matter whatever to them may appear best for the interest of the College, John A. Jacobs, Ormond Beatty, and Thomas Barbee were appointed a committee to examine into the condition of said property, and report to this Committee what in their judgment the interests of the College demands in the matter. The said persons after viewing said property reported that in their judgements it is but for the interests of the College that said property be retained in the possession of the College. Their report was approved and then, on motion, the Committee adjourned. Robert A. Johnstone, Secretary Office of Financial Agent, December 1, 1868, 3 o'clock p.m. The Financial Committee met upon call of Ormond Beatty, temporary chairman. Present Ormond Beatty, John A. Jacobs, George W. Welsh, and Robert A. Johnstone, Financial Agent. On motion, John A. Jacobs was chosen permanent chairman of the Committee. The Financial Agent reported that letters had been recently received by him from Messrs. William Ernst, Levi L. Warren, and Edward F. Humphrey in relation to the best forms in which to reinvest the money about to be paid by the State of Kentucky in redemption of the Kentucky State bonds held by the Trustees of Centre College. On motion, their letters were �severally read in the hearing of the Committee, and after maturely considering the various forms of investment therein represented, the Committee agreed that in their judgement the Louisville City bonds, mentioned in the letter of Levi L. Warren of November 28, 1868, to wit, those bonds issued to the Elizabethtown and Paducah Rail Road offer a very good form in which to reinvest the money to be received in payment of the Kentucky State bonds, and thereupon directed the Financial Agent, Robert A. Johnstone, to correspond with Mr. Levi L. Warren immediately, and ask him to purchase on behalf of this Committee the number of said bonds which may be desired in this case. The question as to the wisdom of exchanging U.S. bonds of 1862 for U.S. bonds of 1868 was raised and considered at some length, and the Financial Agent directed to ascertain what is the number of bonds of the class of 1862 now in possession of Trustees of Centre College, and report to this Committee at some date before January 1, 1869. On motion, the Committee adjourned. See January 29, 1869 for opinion. Robert A. Johnstone, Secretary Office of Financial Agent, Danville, Ky., March 24, 1869, 4 o'clock p.m. Committee met. Members present, John A. Jacobs, chairman, Ormond Beatty, Thomas Barbee, George W. Welsh, and Robert A. Johnstone Ormond Beatty read in hearing of the Committee a letter from General J. T. Boyle making certain propositions as to settlement of his notes due to Centre College Building Fund. After some consideration of said propositions, they were accepted and the Financial Agent directed to complete the settlement with General Boyle agreeably to the terms offered in his letter. The question of selling a certain portion of the new Preparatory lot was raised and considered, an offer having been made to pay $250 per acre for a portion of said lot within specified boundaries. It was concluded by the Committee that it will be for the interests of the College to accept said offer, and on motion the said offer was accepted, and the Financial Agent directed to complete the sale and make conveyance. Subject to the approval of the Trustees of Centre College, Financial Agent reported that order on page 60 has been executed. The state of the College grounds was considered, and upon due deliberation it was unanimously ordered that no stock of any description shall be permitted to run upon and pasture in any portion of the public grounds belonging to Centre College without special permission of this Committee, and that any stock which may now be pasturing on said grounds shall be removed against April 1, ensuing (1869). Also, the Financial Agent was directed to present to Mr. Ralston, principal of Preparatory School, a copy of the minute of this Committee touching the terms on which the teachers of the Preparatory Department shall be allowed to use the new Preparatory building recorded on page 55 of minutes, and then on motion, the Committee adjourned. Robert A. Johnstone, Secretary Office of Financial Agent, January 29, 1869, 4 o'clock p.m. �The Financial Committee met. Present John A. Jacobs, chairman, Ormond Beatty, George W. Welsh, Thomas Barbee, and Robert A. Johnstone. The Financial Agent reported that the order on page 57 of minutes relative to the Kentucky State bonds had been executed, and that six 7 per cent bonds of City of Louisville have been purchased with proceeds of the Kentucky bonds, and are now in the tin box containing the public securities belonging to Trustees of Centre College. Also, the Financial Agent reported that the order on page 58 relative to the U.S. 5-20 bonds of the class of 1862 had been executed, whereupon it was ordered that the Financial Agent exchange the bonds of said class for U.S. 5-20 bonds of the class of 1868, and then on motion the Committee adjourned. Robert A. Johnstone, Secretary Office of Financial Agent, June 3, 1869, 4 o'clock p.m. The Financial Committee met on call of chairman. Present John A. Jacobs, chairman, Ormond Beatty, and Robert A. Johnstone. An account for commissions on collections made for the Building Fund of Centre College by Van Winkle and Fox was presented to the Committee by Financial Agent, and said account being considered reasonable and proper, the Financial Agent is hereby ordered to pay the same. Adjourned. Robert A. Johnstone, Secretary June 26, 1869, Office Financial Agent, 9 o'clock a.m. The Financial Committee of the Trustees of Centre College met on call of chairman. After some consideration of the care of the present janitor of the College, it was ordered that notice be given to him, H. Wickliffe, that at the end of next quarter the present contract of this Committee with him as janitor will be terminated, and then on motion the Committee adjourned. Robert A. Johnstone, Secretary [no minutes between June 26, 1869 and January 16, 1874] January 16, 1874 Financial Committee borrowed from the First National Bank $1,365, for which said Committee executed its note to pay the money that had been advanced by the Second [Presbyterian] Church to Dr. John L. McKee whilst he was in the service of the Board of Trustees. Also renewed their note for including interest $2,625 borrowed under the direction of the Board to pay the salaries of professors. June 21, 1875 Financial Committee met. Present, Welsh, Wiseman, and Beatty. �Ordered that the Secretary of the Board of Trustees be requested to issue to Dr. John L. McKee his warrant for his salary as Financial Agent of the College, quarterly in advance, upon which he may check weekly. Ordered that Dr. McKee be allowed $50 a year for [illegible word] him in his work. January 16, 1874 Financial Committee borrowed from the First National Bank $1,365, for which said Committee executed its note to pay the money that had been advanced by the Second [Presbyterian] Church to Dr. John L. McKee whilst he was in the service of the Board of Trustees. Also renewed their note for including interest $2,625 borrowed under the direction of the Board to pay the salaries of professors. June 21, 1875 Financial Committee met. Present, Welsh, Wiseman, and Beatty. Ordered that the Secretary of the Board of Trustees be requested to issue to Dr. John L. McKee his warrant for his salary as Financial Agent of the College quarterly in advance, upon which he may check weekly. Ordered that Dr. McKee be allowed $50 a year for [illegible word] him in his work. December 16, 1879 Instructions by the Financial Committee to Dr. John L. McKee, who is appointed by it to collect the unpaid subscriptions and notes due to the Trustees of Centre College. First - The Committee would call the attention of Dr. McKee to the action of the Board of Trustees taken at the regular meeting of the Board in 1876, and recorded in their minutes for that year on page 356. The following is an extract from these minutes. In answer to the question what shall be done with those who refuse to pay their subscriptions in the ground stated in Dr. McKeets report, your Committee recommended that legal advice be taken as to the legal value of the plea, and if it should be regarded as an insufficent defense, to request again the parties to pay, and if they still refuse payment or to make some satisfactory arrangement, then to place the notes and claims in suit. In accordance with the suggestion of the Board of Trustees, the Financial Committee have taken legal advice in the case and have ascertained that in the opinion of counsel whose judgement has been sought, all the notes and subscriptions taken by Dr. McKee during his agency for the College are valid and legally binding upon the parties who executed notes or made subscriptions to the funds of Centre College. Dr. McKee is, therefore, instructed to be governed by the action of the Board of Trustees as quoted above. Second - Dr. McKee is instructed to collect, as for as possible, all notes and subscriptions now due, or to arrange for their collection at some definite future time. Where, however, parties pay promptly the interest as it falls due on their notes, and desire to have them run �for a longer time, he will not press the collection of the principal, unless further indulgence will, in his opinion, involve probable loss to the College. Third - For his services he shall retain 10 percent of all his collections (including the $1,000 note of Mrs. Wilson of Shelby County) except for what are known as legacy bonds. These are bonds, payable at the death of the parties who have executed their bonds or made subscriptions, or left legacies to the College. For the collection of these, including the $4,000 note of Mrs. Wilson of Shelby County, no provision is made in these instructions. Should Dr. McKee collect such, he must rely on the Board of Trustees for proper compensations for his labor. Fourth - Dr. McKee shall at his discretion make such arrangement for the speedy collection of such notes, subscriptions, etc., as may not be paid at once by taking new notes payable in bank, or such other forms of security as will be promptly realized. When such arrangements shall be made, and the notes shall be paid at the promised period, Dr. McKee shall then receive his percentage, as upon other notes collected by him. Fifth - Dr. McKee shall keep an account of his expenses while in the service of the Financial Committee, one half of which shall be paid by this Committee in addition to the 10 percent above promised. Sixth - Dr. McKee is, as we suppose, authorized to take new notes and subscriptions for Centre College, or for the endowment of his own chair therein. For any service in this time he will look to the Board of Trustees for remuneration. Seventh - This arrangement expires with the meeting of the Board of Trustees in June 1880. Signed by Ormond Beatty, George W. Welsh, and George E. Wisemen, Financial Committee of Centre College � https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/1051b1b0e579ed8bd4fdc2b46477a2d1.pdf?Expires=1776902400&Signature=UHoZvc6-2YtBP4DdtLRAK3UJPqA1kamYuOAAnMf8%7E4JD%7EH6ixELIEQtow6Pa7mubnDMw1-4avWW9N6sxLuDQYzm5Fn1RMNVna-et0UsyP5r3KSdayWjdiz%7EnMei22DfTlwn8uFm26X8t6qDBcdtBrv72cQ6JePSgp1yxWaJw9tal0ZcLBEfo0N7kRQKlHj4caB-n8EisBAaHjIxp1duIoLPDWbE7QuRZpUcEccsJuS6heKN5ciTLAZTMfBbKjRo2wRm5HiYF873eVXE4RiSRryIx6JbIJvaxm1lpm%7Eg4blrG8d1u-0tBQDp3fkIJsBk3VZdR%7ELb2XitOTOSmjYbNDg__&Key-Pair-Id=K6UGZS9ZTDSZM b4bc572d4307d927ddb05afe89c3c1b9 PDF Text Text �������������������������������������������������������������������������������������������������������������������������������������������������������������������������� Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees Description An account of the resource Minutes from the Centre College Board of Trustees. The Centre College Board of Trustees collection was compiled from a mass of papers found in various campus locations in the early 1980's. Since no clearly defined subdivisions existed, the material was simply divided by type of document, assigned a series letter, and then arranged chronologically. Series A, approximately half of the collection, consists of correspondence to, or from, members of the Board and the secretary and financial agent/treasurer, who served as agents of the college's governing body. A significant percentage of the collection deals with fund raising efforts by Centre, and efforts by the financial agents to collect on subscriptions made to the college. Other prominent subjects include: The Kentucky School for the Deaf (then known as the Deaf and Dumb Asylum); efforts to select presidents; faculty relations; consolidation (and aftermath) of Centre and Central University (Richmond, Ky.); consolidation of Centre and Kentucky College for Women; Carnegie foundation grants; and erection of college buildings, particularly Old Main, the "new" Boyle Humphrey Gymnasium (Sutcliffe Hall) and the old octagonal Sayre Library. This collection of correspondence is largely a "patchwork" collection and by no means covers all the vital issues tackled by the board since its inception. The correspondence, for example, from the 1820's to the 1850's is quite diverse, while the correspondence from the 1860's deals almost exclusively with efforts by the financial agent to collect on delinquent subscriptions. A central figure in much of the later correspondence is John Adison Cheek who served as treasurer of Centre from approximately 1889 to 1933. Series B consists of perhaps the most important chronicle of Centre's history - the volumes containing the minutes of the Centre College Board of Trustees, 1819-1853, 1863-present. Minutes from 1819 through 1979 have been digitized, and are available from the Centre College Digital Archives. Interesting circumstances surround volume 2 of the minutes. The volume had been missing for at least forty years when it was discovered by Dr. Miller Hillhouse in a shed between his Danville house on North Fourth Street and the home of Miss Mary Ashby Cheek on North Third Street. The minutes were believed to have been placed in the shed along with other old books and papers in the mid-1930's after the death of Miss Cheek's father, J. A. Cheek. The fate of the volume containing the minutes from 1853-1863 (one of the most interesting decades in Centre's history) remains a mystery. Series C contains miscellaneous reports written by the Board, or committees of the Board, while Series D contains miscellaneous papers concerning the Board, including certificates or pledges for members taking the oath of office and texts of speeches and essays by members of the board. Annual Reports to the Board may be located in CC-2 Centre College Presidents. Public access to Board minutes may be granted for those minutes for which the President is no longer living, or 25 years past the date of the minutes, whichever is longer. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1819-1979 Rights Information about rights held in and over the resource All Rights Reserved Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books Text A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees, Financial Minutes (1858-1879) Description An account of the resource Minutes of the Centre College Board of Trustees' Financial and Building committees. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Source A related resource from which the described resource is derived Centre College Special Collections and Archives Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1858-1879 Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/35c23163b17e0f155ebf40b5ce06ea6d.pdf?Expires=1776902400&Signature=ktAQwiNavqgHAww9XlYD2o0q1imYFdyiyPzlpNHVIXsGzOlGmSJqQdF2gXLvSBwe7O8moLBdn1ewoVr3FA9axJwNs4hVipZXMHU2zEvc41bbolo4th7yHd4ANHMX48AQ4WvhdAYIoQkaWkbsALK3UwNe21-OpjCLoTNbLtDZoLHmdsjxApnHsR%7Eekgf3nlPIN0XjCbRpR1ardp5GqRfP-kAtgr1pvL2uk4kvOYhak1bxf%7EzI8rI41uBcUwta4GcnA6W02K1fC1AzgGNbwirW-vBy-pmD7EaOdDISjHayoBO6EGjD-d9zj7r6ugtpRKhVInKsD3rgxNeAgKhitX-NkA__&Key-Pair-Id=K6UGZS9ZTDSZM daba64e0e3339647589b3d6b3691176e PDF Text Text CENTRE COLLEGE BOARD OF TRUSTEES 1963-1979 Index ��CE TRE COLLEGE BOARD OF TRUSTEES 1963-1979 /11dex ��I BG'OK 12 I 1' D I: X HI}1lJTE~ ()F Till' M EI:TI~:GS BO/\RD OF Tfl llS1'EES llf, CEt,THE C OLLE(;E OF KEl ITUCK1· a11d I.XEClfJ"I\11.! C<l~'t'fITEE BO(ll: 12 �I NDE X ,. l ' r)' Pa!~e 'INi -.}~~r~T!()I.' lc J. . l • Ii (Gener, 1) Ar,pointraents 10 . .. . , u t 11or1tnt1on to C.P oirst • ... <lc,rcl opi~ent <li rectc>r •• l ibriir)· al.rector 0 T}! an iz at i on an'-.i functions !,csi '~!ni1t i('?ls S:1lar;· cl1an£C$ 17 :,o so 51 51 l S2 178 134 173-176 10 17 182 92 100 136 184 283 284 65 76 Ait 'I:' I ~,·i RA.T ICltl S1'!\I;!' J·eto B Lou:s .... . 1 t .. -- 1 .. 17 " .. - l.38 ?8 .:> ~~..) .. .. l>rookc ,. ► l I J - •~ Ca rrtes , tar r·1 ,. - t S1..isa. 1 ...., ·•v r· ,. ~ ra"'er,. Jol..tl l and l:lil • l,av ltccl~, F1"~nk 1iollnncler, Lu.t;rencc .. ... ,5 ,I •r 10 2s,1 285 51 10 5:) t 3() - l1:> ~ 100 136 182 ">B "t ~ r,g ~Q3 ., 100 102 ,v 90 Lee, L11t1rl es Leh·is , !icnr,, , Le\fis, J~ol>~rt ri i(ldl eton, r-ay l, icllols,. l'a.tllerine <jv1en s, l1i 11 i ar. Ila.I 1 , l~"1 \>l,tr<l I ayii1ond , ! · i cllnr<l ,.. . h ,.),- 1 t • 1Ja rolcl 10 65 3(> 9o 17 34 sc~ 76 138 306 35 100 283 133 284 90 100 284 306 308 Thom:!s .,'at son• f a.t1l lhittle , (J1arlca \,o ld , ., ncy <=i '>t l('O ., l ~'> 17 ,; s,ra,ens, 89 1 33 285 90 19 5(1 52 55 65 E.~9 9S 92 284 92 98 133 283 17 Dt'ISS I(t!S ! olicies rcvic\·cd },cor1--aniza t iot1 of Jlroprn, \ l1ittle to supervise · ror.rai1 , 31 52 133 276 55 133 87 137 ftc 1 ort s 18 5<> 57 7S 147- lSS 276 28 309 314 AUDIT Acce1tancc of nt1dits ~ A >nointn.c11t of euditors • /. l?Cl IITEC1 S 15 75 77 180 64 134 312 5 134 135 180 �90 EHQUJ:STS • c.; L )", George 135 Fales, Elizahctl, A. 286 314 90 liartfield, Jose, h t! . Robercso11, !l. ~! . \-1nin, Enos 78 79 288 314 135 ' MlJLE)' ANlJ ilLANT(J. 1 0 F PAJl IS, J:)'. ROCK9 JOi .. SC)t: G 101/\NO\ I'fZ (Arcl1itccts) 135 180 • UDGI.. 18 1963-64 l,64-65 1965-66 ~4 19<.,6-67 Budget for lib1·ar,, ft1ntl-rt1 is irtg en: ,J>nii n Lil rary 22--24 :;s.. -Ljo i8 80--82 ~18 !\)3-105 183 262-264 282 289-291 9 101 178-179 286-287 C!1/\H1 [P lU 1J EYLt,WS A~e11dnent Byl&ts - Article II Article IV Aracnd· ent Charter - l'ar, gr~pl1s 6/\ (1) nnd 8 C()f..ft,1 I1'TEI;S - sr1:c1,~L Audit ilolc5 ? atittoriu , A<l hoc, approve and fl\'ard contract Cottcin, f.'rs . r!aurice (real estate), st1l> co1:1tnittee L)o)1crty Li brnry, clc<licat ion s eoker ii;ill of Lcarnin ,, f'ina.ncc 37 74 59 57--56 73 132 . . • -1? :>oq .:, 90 316 37 - 92 Pr~sidcnt, co~Jensation of I<el igious corru.;ii tment of fnculty , sub comrni ttee H.obertson, R. li., settlement of cstntc /ic~de,ic Affairs Co~mittee Acaderaic tenure policy Administrative (Executive) 58--59 76 78--79 2bl. "'"8 .._ I con Dean of tlto Coll er.c (l)r. llecJ..) Dc1~n of tl1c raculty (Dr. 1:hittle) J)cnn of Wol!lcn 97 133 102 DS 17 34 P11cult)' - aJ J ointi.1 cnts, 1 ,romotions, lcnve, retircrent nnd resi gnation 49-- 50 Sl 54 •• 55 76 9<> 97 103 133 179 180 277 278 2S0 308 37 Faculty church r;e, l1crshi1, stiJ ,1lntion 77 96 178 279 Na tionnl 1cri t cl1ol r rshiJlS ... 17 l rofcssor i~mcritlts 10 32--33 �Acadcruic Aifc1ir s Lor .nii t tee ( con ti nucc.l) Prizos und awards policy SabLatical leeves policy ~epor ts of concittee 279 32 76 278 96 277 Buildin 1 an<l Grounds Comr~i t-cee ~s Acquisition 101 135 131 286 ~ Al t•~nae Garden Al tu1ni (·,,mnas iuri1 • .4rr:1stro11 1 Jiouse ~ 16 281 281 281 x 1 • .,o~ es 1,otise Bolas ntatoriurn ~2 101 lfO I!reci( irtri cit+e i1al l Col lcge !icill Ccrllei:e Stl"~ t r(Jpert .. ' Cower1 l~a 11 bast :lnl Fa)"ettc c:ount)· .,rop rt 1" i.il !crest Lu !l<.iscaping Langua~ e l1aboratory :1clle)"nOl<is Itall 16 97 281 2u5 'JQ .... ..,, 34 34 50 52 55 77 2~ l 94 2~1 so 29 9: 101 92 281 282 281 94 281 281 181 Maintenance of vehicles 541 West Ma in St~cet 131 Muple /,venue 181 Olcl Centre Old ~fain 9 7 261 66 77 135 Preston- Pruitt property "cience liui ld in!~ (pro osc,!) 95 135 309 313 Tennis courts \; i ScrJ&.!1 l l::t 11 )*erkes <5 16 281 iouse • Pe11ort s of co in1.t tee 20 16 34 50 77 uevelor,~'Cnt c:oir.ni tte<.: Additional l an<l near f>nri,, i 11 e (autllorize to l1uy) !Jool~s for l ibrar)' Custo,ty ,\ccol1t1t~ U. S. Trust Co. Enrol lr.1cnt I roj ections 286 91 90 7~1 178 510 Fine /crts Center (proposed) Ford Foundation t>roposal I;razer, Jol111 (aJ c>i11tr cnt) Gift rcccjI ts ro1,orts 25--28 Gi1~ts (special) LanRuage 1 nl>oratory .. Lil>rnry (I iall of LcrLrni 11g) (Graco Doherty Library) 97 180 280 285 286 314 92 285 41--48 67--72 83-86A 124-132 147-1S8 26S-274 292-307 321-330 57 20 ~u 89 91 92 79 36 S2 60 79 91 101 134 313 �-4- CO~U-tITI'[!.S - S1'AJ'Dir,G (contintlCv) Oeve l OJ'r~ent Cotit1i ttcc ( cont it1ueu) Presbyter! an Synods, Car>i tal Fund Urive Science Facilities Study , csquic~ntenninl-lihrarv ca)pai gn l cports of tl1~ coAnittc~ 9 20 30 9 36 36 20 36 56-- 57 91 --92 78 56 65 78 78 89 --91 140 182 146 134 1r2 101 285 i:xccut i vc Com1nittce 65 146 320 fieti:bcrs apr>oi ntcd • l,otice of cnll ot 1.cct1n s ... 0 ~er tc~t her 11 1963 tcet ings . ~ ir1utes .Jar1uarv .) l\ 1964 • , 18)' 14, 1964 - -· - s June . l • l. 2~ 49 51 1~6t .I) Januarv 23, · 965 • Jtine 4. 1965 - June .:, . lo .. (I 69 ..... .I. .:, .) # 308 1966 Fin,111cc Coin ·ittec 1 uuito:-s appointed /\uu its 3}! 1 roved Authorizat i<)r1 t<> si gn cl1ccl·s bond Isst1e - counsel trustee ... . . 64 134 .:, 1 ~ \.' (1 15 75 77 c.,I 90 134 190 275 5~-- 39--40 78 98 22--23--24 34 103-105 185 ~62 282 289- 291 l 2 13--14 ort i tc,ry i cvcnltC Bonds of 196 ~ frinur1cial rCf)Ort , 196S- o4 aJJr,rovcd (;rar1t , ry. Comm. on f1ig?1c1 l:-.J ., arplicatio1, fo r lia ll c>f LcarniJtf (library) 79 91 101 139 185 275 Jlotts in g a11<l lio~e Finance - rlcn ' s residence science builclin ~ 4 wo1~er1 1 s residence J 1i;\.' Loan /\greerJcnt 1 33 34 --36 Sc ience bui ldir1g (p1·oposec\) S1 rinJ:lcr S ,stem, Rrecl: l 1all 184 95 183 316 135 2S7 3 139 159 184 56 Luau ~IJ l icntion Rol)c rt s011 • 1: . 1 • cstat c Sa l a r)' changes 12 52 55 65 ljS iS 79 268 49--50 51 52 54 98- 100 136 ISO lU~ 2113-284 308 183 287 Student ai<l ~upp l er.1c11tal trust in<.}c11turo to correct J>ror,crt y 265 77 139 190 3---9 315 1. 192 261 285 19--20 183 cicscri > tion ..~_ ,nods of l'y . re ort fin~nci.al Stirport Trust Indenture Tuitio11 t:xchnnrc (,(ithdrawal) Tuitio11, fees, roor1 ~ uoarJ cl1anf 1.:s Iuiti011 sclt lt11·shiJ' for fr ct1lty cl1ildrcn ', ui t:i<>ll re1J1Jsiot1 for st:i.ff c 1il rcn 1·ronsfor of u11ds 265 310 -> J, ..> •• "t ... 184 �-5- Fin~.nce Cotl i ttcc (continue~) Rei ort s of tl1e co::1t1i tt ec J 34 77 onorary !)efir<:>cs c:o,nr.ii t t c~c ,,. nc:.'rccs lOT 19~ 98 138 183 282 49 64 79 101 - 102 141 196 ... 19t,6 h.encrts of the co""mittee 36 49 79 1 ()1 286 141 280 !;ves t ~ent C01mittcc Col! C •,~ e C..o\:a11 i\ V0?1t.JO l .L .. , el" t 'v "·r• ~) l 101 ... .:, .., r ro'f\erty i:H\'ettc • r·rc; e rty· I l1Ves t,nent chc. nQ s . .a1rl Street l rc r en,· l !1rc's t '}11• CO Ui l t"' RC})Orts Ol ti. ( P1·t ti t --· .:, t) 19 ·Jort~t?! C loa1,s 1 .... 15--16 cor hli t t cc .) -..:: .... 49 54 15 32 54 75 :-o ~2 95 54 75 l ul 276 312 1-r .:,_, 7( i7 96 138 182 ... ~ (} ~ .... 1 ~ u, !Bl 276 :, l '.... "' "> J~ orinations Cor}ni ttc~ }fficcrs elected of t,oa.rd t~Iectc\.l 1~r t1s tecs c~eritus no,.. it1, .. tions I e jo1·ts of the C(ln,r i ttce 56 320 _ ec r etrt1•)r 313 Su 313 St 102 141 177 313 Stuc.iert t~f:,1i rs <:o..:,r ittec rootf,al 1 cuacli ,t1Y point:rJc11t Jlolicy c>n alcclJ1olic t~e,rera«·cs. t' eport s of the CO!nrr: j ttec 260 280 3:s 181 280 ~oracn 's Div ision Committee l)can <>1· Nor en Rer>orts of the cotill it tee 53 -- 34 34 ~7 140 280 t> VI Ll~E , CITY ()F Ar, (.olle ,c 1 \vcr1ttc (, ·i c!cn) 34 c.,r- r 89 UEGJtI~E!' - l10.:0 1·A1 r· /-.s tl cs , J l>ltn Bcnj a r.1ir1 P,casl ey , Geor,' e G. Lestebrcurtjc , Aria Dir} 286 102 bl a cJ., L 1gcne Ro l) e1·t 286 Car~ichacl, Oliver c. I.sli nger. 1'roy l'lJdy 1.ou ,J itor,, i\r:ory, Jr·. 79 101 49 64 286 286 �' r;r.1>Ers U ~ , , __ - lf''''0°Al"!Y ( continued) v1 1, t , 1C~ful lcn, Rotert J. f~evin, !itsfih L . 49 Oswa ld, John \~ic land 2S(, Sutcliffe, Elbert c~rv Taft , Rol1ort Jr . 64 102 o4 · 11! 1 DEG!tEES - I l1 COUf!SE Gra<luntes 1964 56--64 1965 1966 141 -1 45 316- 320 1•• 'RO l4L' fEt~T Proicctions • Rc,orts lo FAClJL11' ,\nl ik e r, ic i d i ha ir<l , ~i tt)r Bu1 rcra, ~ario .. ·enson, George 79 157 li8 310 52 75 137 178 89 .35 so 100 233 so 308 179 ~84 ncrtocci , Lindn 35 100 284 308 Bouse , Doris Brede , t'anfrcd li1•ooko, Francis B1·yant , lfar ol<l Byars , J ol1n 133 138 283 96 100 283 jQ8 35 ~08 35 98 283 277 284 35 100 2S3 76 100 263 < :alitri , f1il•e Ca11t re 11, Paul Cardwe ll, l)ot1gl as Cavnes , 11ax Cl1a1 1 hcrs , Jo.y 32 Channels , Vero 35 96 100 2S4 35 100 284 35 98 283 89 Chect, Ht1by Cook, \l ilbur Crai ·, iiardi11 Crosby, lonald 32 Crosll)', J can Crouse, Gilbert .. ., .... Cro,~<ler, Blnn<l ~ b l 1 is, i,oy Fallis, Laurence 32 rcesc , Bcn11i c J=iscl1cr, /,dao (~ibson , Jar. cs 76 33 35 32 Gl~S fO h', ·rhc.'ElUS l a11sc>n , Jfarold 35 49 35 100 284 49 133 284 35 98 283 76 100 182 283 278 2S4 35 98 283 100 180 284 35 100 283 35 I 00 277 280 283 34 98 283 lfar r~on , Stec le I la ze l ri r, 1 , Charles lfc:i ton, .Johr1 f fee l , FrHnJ 100 284 "4 .} 51 55 ,5 98 l l)O 10 102 283 �-7F,\lLLTY (co:1tinued) l1i 11, lost I,odgl: ins, Blanci e J1oldren , Etirna 11u<lson, !!cbecca l' ,tun h es, l.Javia f1utchir1f?s, Louise Innun, i{riscoe 35 35 55 100 283 32 35 • • • Jc[ers, benJam1.n 10 i~cllarri, Jack 35 relso . Dert Kno,~les, i\ex Larri1z, Jose 1.,ec I C11arl es SI t 10 Le\ is, ii~ r r.1011 L~>etscher,, J'red ~cf'uire, ilerbert , ,c, icl ,ucl, J acl: ' . ,lCr.)", Larry r ta t 1 ' •• l .. 1sc1, c,irl i iou r1t, Eric .--full ins, itichnr<l ,.ehhall, i,avi(l 1 ic11ols" i,atlteri11e .. t... inocks, halter Owens, l <i 11 iaht f>hil lips, Lel.ris Price, ,ios epl1 I{cevcs , l.;r,i l ,, , i obi11son, h'ilbu1· (' ~. . agar , lfi 11 i a1 1 35 51 3S 52 33 54 65 54 35 .. ") J ... 17 ...... .).:> 34 ~)6 35 51 50 100 277 ~8 .. :) 179 284 100 280 283 55 100 283 35 98 283 35 100 283 35 98 283 97 100 283 ?8 .... 97 100 '- ,., 1 (}0 2b4 308 35 98 ?8~ ... ;, 96 100 284 1.33 136 263 278 2b4 ~}3 190 28.i 277 264 277 2&3 - 277 283 98 100 283 277 263 133 284 35 100 284 54 lt)ll 264 ss 100 283 35 (' St1'ect, J~t!nes ,. .:,wceney, 1•ia ry Cwictocho\vSki , 'f a<letrz Ullric!1 , Lcl\oy Van ~-let er, Jtres \'u1.1ghan, ,\l lJen 54 33 35 9fl 283 76 98 283 35 100 283 51 33 Scott, Taylor 0e11n, I:lcanor So lie, i?icharcl 35 100 55 100 283 3t}l~ 34 32 \festcrrnark , 1urv ., , alkup , Jol1n \:ebb, fJclnald hcl)c r, li i l l ia11t icl l ~, Jlai'(·ey lfl1ittle, Cl1a rles l ilson., \'.'in St C>TI l, insor, C1r,rdo11 , ol f e, Otis 52 98 283 35 98 283 179 35 98 283 35 100 277 284 96 98 277 283 96 32 35 98 283 35 49 30B 19 34 so 52 55 65 89 76 95 98 133 100 179 35 7() 98 33 35 98 98 283 284 '>8 - 4- :, 283 �- 8l /\CLL1l' GL? [l{AL AcnJe0ic tenure policy Sabba ticnl lcJvc jO licy Vacancies, authorization to fi ll 10 51 55 278 278 97 178 182 278 FA I l' I, '[J JOi i!,SO!: Contract o rs, library 91 c;I FTS tJ-~l) GJW,TS l,lazer, Paul ilo l cs , I.wing C}1cek. • ,.:ar.y Asht,y 69 92 Cottc>n, ~frs. !,tt1rict· l)ohcrty, i1cnr)' L Fi Gr ·ce Churi tal> c Fou11dation l 1:sso Fot1ndation Cil c s, !)on 89 57 90 91 89 89 Graat, h . T. 94 91 140 }:o r. sett, f,:r)' J{cici re < >rts o .. Gifts 94 25-- 28 11 --48 {7--72 S3-88A 124-132 147-158 265- 274 292-307 321-330 CiV\fTCJ , Fl:!l GlJSO!, N'LJ FLEJ <' Cl it:P Boi1<l cc.>unscl, iioherty Librnr}' wom en's domi t ory 134 190 1 -fEAL'f! J !>El~ ci:s VI 17 184 It S1' ITuTl(H!AL SJ..Lr STUDY LO 65 • 4 134 192 10 LAflGU/\GE LAB(Ji~ ;\TOll't' LI BllAitY - S'fl\J: r /\1 35 100 35 100 284 101 134 Cli ITECTS t~ATION/\L i,Ei{IT SCl iO L/t.HSliIPS 94 35 100 284 1..,:-, rbour, Snl,ra Ch ... J r.1 a n, L,1c y !-=CC t t , . ir 5 • TA y 10 r 1 ucl.cr. I uth . flJ lll'!1Y A ,l} l ffiCl' EY - 7<J 77 96 178 279 135 309 PRJ_SH)'TERI/i.t· !J Yt,<)DS Ctljlital Fund Charter and l ylaw chanr,c College - Synod relationship '\ 36 91--92 146 37 58 73 314 31S �106-123 J IZES I,! :c A\ 1AJ~IJS >R Baker ~cl1olr,rs l 190 .itiorw.l 'eri t Scl'iolarshi1,s Policy 1,overning estnblishrnent of ?riz es 77 &aw~rds 96 178 279 279 S1~LIDEN1' AFF,\IRS ...:ttKicnt C~orti;rcss 20 STUD[J,'T fali l:S AND TtIIT Iot· Increase l ft--20 18:i Tui t ion rernis.si on for . ~aff h.ilci~en Tti.:.tion s~i1ol;-.. rships •. or facu lty c!1ildrct 310 313 285 286 314 .....t,L.1t;:, r~- I l ,> . I t.·ur, r kcpo rt S - 9 15 Sl 51 74 Tfiu ..;rur•.~, LOl,ii~, (} F Ar m strong~ lorris liaker, Lis le Barr, f ~ cr~erran lieao,. ~trs. ,Jcrcf.\iah Bo les, f.\•:insr ._, . ' c-r1 nkl ey,, A • ·'.• , J r. ~ Bt1ci~ ncr • }~ubbard Ca.lu\..'e 11, Prv.111~ Cald\,rell~ lv P. . 94 134 177 27S 3 1 65 56 56 141 177 320 56 65 66 313 90 102 146 320 ss 55 73 (P- erittzs) 95 Caonbcll , D on 65 Check , ,1ar}" fi sl,by (emeritu~) ~11tcliffc, Elbert ( CS:;icr i tt.tS) S !a i11, lii10S \'a fl \ in}~ l C' "J • t. \ all l1cc, Hot>crt 66 177 320 57 65 76 313 Cooper• J 011n Dav is, S)·dp..or E,,an~, J a l'e~ ~ia il, Artliur Li \Pe 1 y, Pierce r,a rtin, iloyce ~larti11, ;1rs . Lyn1a11 r·cvin, JJu~t, t · e,11 in, Chat111cey Oron<!orf, J () T. Phifer, t.:enneth Ros:ers , T . I unton Royce . OonnlcJ Stod '!11 il 1, r. os IC')' 73 73 78 66 10 2 137 141 320 65 320 56 (i5 66 78 177 90 146 313 320 65 15 (er..critus) 65 95 56 65 (')(J 66 19 102 177 320 313 141 275 95 146 320 55 73 320 102 1.37 320 141 177 SJ-- 56 64 79 65 320 65 15 6{; 320 55 95 �-10- fRUSTE~S, BOARD OF (Genoral) Cl\ar1ge in nunbcr of members :xecuti \'e Comr.ii ttee I c,iliers na1ncd 1964- 65 37 65 146 1965- 66 1966- 67 320 55--56 102 141 177 31.3 15 7S 137 177 275 56 146 313 320 l~cw membe rs el ectcd (>a tlt of office Officers elected TRUSTEf.:S BOAi D OF - H[ETII'GS t~inutes Oc tober 25 &26~ 1963 ~arch 20 &31~ 1964 15 31 54 73 J' ne 6., 1964 oc~ober 9 G 10 1 1964 ..arch 19 lr 20. 965 94 1-7 _.:, June 5, 1965 October 22 & 23, 1965 Mar.cl, 18 & 19, 1966 li7 2i5 Ju:1e 4" 1966 311' 90 lSl Ul, I'fED STATI.S TRUST C()~1PA!~Y 29 50 15 64 iS 77 134 182 312 ��(~ ft. C ~7~ ., BOOK 14 I NDE X MINUTES or THE MEETINGS BOARD OF TRUSTEES OF CE?ITRE COLLEGE OF KENTUCKY - and EXECUT!\,E COM~1XTTEE BOO!( 1 4 �I N DE X Page ADMINISTRl~TION (General) Administrative Reo~gani~ation Appointments 138 249 lOLi 105 152 195 Dean of College (Autho~ize to appoint) 249 Dean of Stud~nt AffaiN (Autho~ize to appoint) ADMINISTRATIVE STAFF Benson, George Ca\'?les .. Max Co •~ Williavn Cunningh a".1 , J erx.,y Di>:on ~ Bar.l'j' Enern~nge:r , Bob Fr-a -e-.r .. John G=r-dner-r Charles ~ Gr-a~:beal, David Handlan r Ra.}·-rnond Hensley~ Thomas f{l..lndley ~ En'i.!ly l(il:kpatri ck r R. P .. Klein, Gary ~nis, Henry t1icidleton, Ra}' l~ichols t !'~ather-ine Rall : Ed1\°arrl Rsyn1ond , Richa.'"'Ci Shea.re~, Violetta Snl!.th, Hal Snicler- 1 lio?'roan Spragens, Thomas Walter, Edwud Whittle Charles ADMISSIONS Counselors appointed Counselor (Authority to appoint) Staff enlarged 249 55 5~ 141 195 105 139 14-2 SG 1q2 235 233 235 235 235 56 1'-12 235 56 142 235 104 5 56 142 251 195 235 142 235 139 196 152 235 56 114-2 5 55 141 228 142 235 110 233 235 56 56 142 235 56 142 235 56 142 232 29 56 142 235 142 235 249 252 105 152 195 139 250 AUDIT July 31, 1968 approved July 319 1969 app~ov~d July 3l, 1970 app~oved AUDITORS Appointed 111 195 74 161195 ARTICLES OF ORGAI~IZATIO THE FACULTY ( ~ Al{D PROCEDURES OF adop ed f~y 1970) 8 162--186 �ARCHITECTS Hill~ D.:>n ~.ill~. Wilu.ry & ~oles 194 228 7 228 BUDGETS 1968-69 1968-69 1969-70 1~69-70 Budget appr-oved Recommended Final Budge~ Propoaed Budge~ Revised Budget approved 9 11--13 59--61 110 1969-70 Recommended Buage~ ll3-ll5 1970-71 Budge~ approved 1970-71 Rec»~mended Final Budget adopted 138 143-145 195 19'10-71 Recommended Fine! Budget 1~8..,,200 1971-72 Budget spproved 231 235-238 1970-7). Proposed .Budget 1971-'12 ?ropooed Budget BOOKS'I'ORE Manag~ to par-,:i.cip&t() in TI/1..A progt'an BOYLE LUl-lBBR & SUPPLY co~~AliY Rent: Jackson Chai~ P?-opettt}' 21.8 231 251 BY-LA ,S AMEl~DED l l Article II, Section 6 Article II, Section 13 Article III, Section 6 k!'ticle: II Paragraph S A:M:ic e VI Pl"oposetl Amendment 2 133 133 103 CHARTER AMENDED 57 Proposed Bl Adopted 103 103 Approved by PrGsbyte !an US and USA Recorded in Office of State Secr~tar-y COLLEGE POLICY CABINET COYMITTEES - SPECIAL Audit Cal~ell Church lll 112 Propai:t'ty ( study terms ~ cor1di tions or rlispo.. e ) Faculty-Student-Trustee Relationship Fine Arts Construction Contract F~aternity Houses (governing operation & management of) Horsebaalt Riding Facilities DGvelopment Mattern M moria.l Religious Commitment of College 3-4 06 6 197 75 30 71 72 103 �COMMITTEES - SPECIAL (Con~inued) Sesq~icentennial a 109 1as Repor-ts Budget for Campaign Comroftm$nts from trustees Campaign Leaders meot;ng date set 8 29 57 57 COMMITTEES - STA..~DING Academic Affairs Committee Reports of Committee Adrni.se!ons ( add staff members) 50 69 152 193 229 249 250 Admin!etration Dean of the Cclleg (authority to ~ppo:~t) Dean of St~dent Affairs {autho~~t to ap.poimt Divi®ion Chu~~ namsd Bask tbc,ll 2•9 2'19 70 l 2 ummett Cemp 19 O Bac..~elor of Science D g~ c 137 ~esign € offew) 230 Facul~ '"' ppointm ..ts to featilty 2--~a 52 10 11 311:2 193 218 22~ 0 'P..rticles of Orga.,iz;atian & P?'Oc~dureG of F&cult),.,f! lS_ Leav~s of Absence without pay Promotions in rank Resignations & terminations Scbbatical leaves 229 250 2 51 Sl SS 136 229 69 136 230 249 1969-70 1970-71 so 135 229 1971=72 Tenure National Endowment fo~ the Hum£.nit! s T'nampsont William P. Jr. r~moriall ITi~e Vinson The Family Awa.rd Sl l36 230 250 230 137 Buildinge and Gr'Oands Committee Rt!po~s of Committe SO 105 138 lSS 194 228 251 Bagb;(" Propert"".r ( 543 West i"-'&in S·tre t) 7 29 so 107 ~atty Avenue (20l) 50 Beatty Avenue (203 & 205) so Blanton House 6 50 156 .Boyle Lumbe~ Compatly (?9e t Jackso:1 p~perty) 231 CollegG HG.l 156 231 Co~en Dining Commons 139 155 Dav_s Pl'operty (College St~e~) Fe.:arim St'1dium Fry House Gue t Par,king Lot Hill~ Bt Hill~ Dt>n (airchit«Q P stud nt haus ng) J ckcon PropeLty (W st t-~ ut) 220 7 6 74 7 '11.i. 194 228 30 228 231 251 �COMMITTEES - STAHD!lG Buildings and Qtlou.cds Cou~itt~e (continued) La~drtcape Arci)i\:ects - Miller, Wihey & Br-oor-~ Lou.is~ S-weet Propel.~ Maple A\'0DUG (131) remove! 7 228 156 229 Moran Memorial Hark~ 7 l{e.vin Hall Old Library Building (Sayre) Pat'king Lots ?res ton-Pre,1i t t funet"al Home 2 9 110 226 7l 107 53 Rice HoU& Russell House 7 i Se~wC:ty an csmpoo (ett~hoJ?i'tlr to ~tr-engthcn~ 7 Te.nnis Co~s 1 l.C:6 ~brui ~trtGua - Pr pert, Young; Hs.ll Y®1 ll 2 6 HOU£ Developme~t ~m:ntttee ~perts of Committ:oe Administrative Re.o~geniz~tion for Development Bi'ecldn~idge Jones Prize changed lll ~ 50 156 56 138 221 251 138 251 Fine Arte Cant$r 139 Authot'ity to ·take bids Autho~ity - loan from ~he~ty Foundation l~O Speoiel Comro~ttee (designate part@ of building , hich may be specially named) 14--28 32--48 62--68 88-102 ll6-l3l 146-150 187=189 201-211 221-225 243•21J7 accepting gif~e of unrestrict d ~~pi &l @took 109 Gift Rcpozits ?olicy rie Regional ~@p~aentatives - East Coast & Louisvill Sa:mlJJ 1 Rab~ on Cheek 0 Jr Memorial PI:ioo Southern College University Uoicn Mambenhip State tuition eubeidiem fat' students in non t~ upportod collegeG ( utho~izo to advoce~e) Ex~cutiv Com.t=-te Controller Appointed D&vie property College Stt-e~t (purchilBe} Msmhors of Committee appointed Positio~ in Anthropology appro,1f.d Minutea of Meetings l~o,,ember loo 1968 cernber 12 0 1970 227 ~ Book& o~e Man~ge~ t0 perticipate in TIAA pr~gra.m Comnti. ttae action adopted by Board 227 251 251 S7 218 50 192 226 29 220 83 l6l 192 251 218 29° 31 218-220 0 �COMI1!TTEES - ST~..NDI!iG Fina~ce C.cmmit~es Ranorts of Com.mittes .. a 14 Admissions Co~nselors appointed Admissions Ccuns~lo~ (pos!t:ion au·tl1orized) Alumni searetuy ~ppointt,d Audit approved - July 3lf) 1958 July 31(' 1969 13a 1ss 1ss 2so lOS 152 195 139 195 8 lll July SlfJ 1970 Atzthor!zed @ignat~s on ch@cks Auth~iz:.ed ~ign.&tliNm on checl:rn ~(ginded Chai.rs bout'".ht foT;> ChG~l~~"'E\S'ans C0:tt0n p:t'Opsl\"t1,lt, wuia,fG>lle Ca-fSan He.ll ( dish l ' e t ~ imp~xvement f?11n~ed) Do:li~wtjr $ He~ L $ G~&("i$ Ch~£.to.blc Foun~~t;ion lSO 9 9 9 251 231 (I &gt1t-S©!P.ent Education6:Jl. !mp~veme~t ~seri-c Fun· ( ~~a.fer of £undo ~ ) End~~'lffla:nt !n~~str:nonts in H~ll~:ewt 6 ~e H~UG© ( n,,i tten off} End~ent Investmant in Old Yet.mg !fall 74 156 139 156 74 156 156 1915 Faaulty Publications Funds Established Hazel Bo Lingo Fund Hill County Texas mineral r,ights Ike Lanie~ Mem~~ial fund Improvements to Blanton & Y~ell Ho~em Installmsnt p1An ~ student c!ttB!'gern Jackson Cb&iz' Company propettty ~o 220 2s1 Landscape Young Hall funded 231 ~asei, fl:lom Hub ~ankel and Higgins, l<JU &t!'tho:~i::ed 231 ~idence fu..~i tu..""e ~ maintenenctt &i tsepl&e~ent fund~'Cl 231 , Renovation Old Lib~~ building llO S~bbatieal Leave fo~ Pr-eei!dent &utho~i~od 232 S&lacy adjustments Administration 8 56 142 235 Faculty 5~56 l4l=l42 233.,235 252 Student Aesistantehips &utborimed • 56 Student housing pNlim.lnary dt'~ring funded 231 Tennis Courtc fundQd ~ TIM - Employeeer contr!hu~ion (~uthority to ~~em.go} llO Tuition Rem!saion 1 Staff membsM 9 c..~ild.ren !'l!ition, Room ~d BomNI u~ s. Trust Comp!lny ~ Loan ~ement 110 195 30 '-6 lll 156 196 7~ 156 Hono~"'Y Degvee Comitt •o F"9pol"ts of Comm! tte: ss ,a 14 57 232 2ss �CO~.lTTEES 00 Honorsey STANDillG Dsgl"ae Committee (continued) De~QS - 1969 76 ll<-0 157 1970 1971 232 253 InVGstmen~e Comfttee P~ports of Comm! t 6® 4- 53 13 105 133 14~ 192 227 252 DacrGtiOL'!Bl:'y Fwld, U.S. Trust Comp&ny S .1.33 227 Mat on Endcr~nt Fund Mo?ttgage Loa.'ls >:nterest Rats stated Z~Z"tgai~e Loau 134-135 15S 192 227 73 Willic1rn B~ke~ ~der~!cl: Bi,o rn. Thomas Bt'ya.1!tt C"nG.r"l£:s ~bell Ray Ellim Dat"id ~o.ybeel P~e~ Gu.nkler Riche.rod HGi toonratet' Michael Hairn11 Jose~ Michael ~,arsh ~n--. and Mrs " Ray J:tl!ddleton Dro and Mre o Cr,ai_g ?.!memmi ML~c Wld ~o Do:- o and t~ " ~ ai:td. ~~ a Dr-• ruld. t{K\.., o Dt- o and ~ o M!., end l!JZo o Ml ~ w.td l~~.. lT Md t{M. Ml'. e:_nd !J.t=-s a ~. and Mrsc Dr'" ~nd !".m , 193 lSS 13 155 s 5 218 228 73 133 5 193 Q s OvetttOZJ Fu.nd 227 R~vised Inv~stment rr1en~gement & incoti!$ policy 252 Nomina.t!onm Cormr~ttee Rep~rts of Commi.tt e 2 5 Life Trrustee office ~ated (Re&olution) OffiQGrS ~l~ctGd 53 76 157 191 252 lO 72 157 252 St"Ud~n~ Mfaim Ccmmitteo Reporto of Com.itt~ 6 52 75 lOi' 137 153 194 228 2S0 Alc"°hollc B \"eregc: ~gulatio:!l 6 Co-ed boo.ming fora u.ppt.WCJ.asemen 52 75 Coll g Polley Cabine 15~ Food Settvie Chang d 155 rt=s.teroity houses 11WiDaigei~ent 15 108 250 Int rc»freternity Council& Cod.G of College-Frta.tem.tt1, Relationship 109 Residential P~tterru; Affirmed Student Reipro~ent& !on - Bo&rd of Tru.etees meetings Student Aff sirs Ccm~ t e 4 Ll• lS3 6 6 �Student Affaira.~ Cammit~Ge {continued) St\Jidcnt Ccngftss - Resolution comm~nding !b~ato~!um Visitation in dorm!tories w~~n~® Division Com.!llitt~c Repoxtts of Comfflitt~o Msmbet's named 6 109 75 194 75 lOS l.51 193 57 DEGREES - HOI~OR.~RV ~ ~ .~ ~ ;) I.~ A1...G~!a.··1coer f' ~OitO. w~V.:.,Q. J:~ o 232 253 Dakor O Lisle lt;10 EW'.t'tgfj Jfta~!~~ 2l2 253 1'ede;l 0 tfillli-lm Mcr.ysc 5@njami Eli"s.n ~ c mc Emil G~re£$ 1 l~ lS1 232 25~ 16 151 i~2 253 R..ilyne ~ Clh5.t'loo Sy l ~M.u.s Sv!ee~~.w ~ GGo!!'ge Edg~ DEGREES ll~ COURSE Gre.duaite$ 19$9 1970 77- 80 157~161 253-257 0 1~71 OOHEI~.TY O HENRY Lo & GRACE CHARITABLE fOUNDA'l'!ON DUFFORD 9 MRSo HAP~Y 9 t-mMORIAL. GIFT 226 FACULTI! Bawd" Kitty SS l~?2 234 BsrbOVZi o Sai.b~a 55 141 230 .Bcro<'ko:, p William 70 lfe2 235 A~drJe B!"Q'w-n~ Fr@d Brj'ante T.am Brotm5GS.U. 0 193 70 l4l 155 5, '13 141 l 2 BUttba 0 De~id C&l~ ~t~ John Cemp!>all ~ Chaz-.tetl C!a.tmtrello Paul C~ell P O:au.g.t&s CF;?~y O ffe;len Sl 49 54 l4l 155 51 54 l~l 193 229 54 l~l Cf.i.vn ~ 3 l ~ Che:ek ~ RubJr Clwisar~n s, Iw;~a Cocko t:filb~ Coucn 0 David Cl,oUB,e D Ri,Qhmi,~ Cw!-ry ,J t:tLy 2 55 142 SS l~2 54 l~l 235 234 234 230 51 233 233 51 234 233 191.( 229 230 55 11'2 70 142 200 70 142 153 �FACULTY (Continued) DiLillo" L onartd TJ'1.!)s, Ch~is Edgington~ 1-1aci Elia& 9 Joseph Ellis~ Roy Fees.f! : B~11 French Fu.lka G.a)rloN J&mea 70 lQ.l 229 233 Sl 3 55 142 230 152 234 5 51 5ij 141 233 55 141 229 233 193 23~ 3 52 70 142 229 234 ~cialao Jonathan ~iottp Bill ~o 1~2 152 235 55 141 2S~ lS2 2JO Ch~loo G~cs0 8 .L;a id Gwll{.ler~ f'-9bo.~ a~ !·~~"1a.ol Hclt'!SQll r ~old Ha,."'mk,..11 ~ S""'c~lar L{. si HL~wo,n r B~n.janin Hazell igg I Cherlea Hee~ s, hezi.k 54 55 3 5 137 He" tzG&Ir&te:z, 9 Richa:ra Hillr, i e~-c Iiugb ·G O Ds. "id I nrMlio BE'Ji e coe anzen~ Donald Kel~, J£ck l(elso p ielt't Kno. les Rex Ku.zmi (I fu·~u-.. 137 !SG 1~6 Sl ~4 l~l 10 55 lJ6 142 228 229 141152 -~l !52 sg l 6 ... 4 233 230 233 l~h O Michael 11~ h ny ~'X"Jf ~y$ Joh 2'4~e lM o We Eo (Edna.) ~'C:p Eric M0Gwtr-e 0 Hero rt Mci~kell 0 Rabc:rt M<:Mioha-lp Jack Mcl"&.J Jan 9 Susmi l~~lm$ g Dorotc'ly NGmerov HowEil.1d Newiallp DlZV d 11 ti!chols Nimocks lta.them~!nG it t >: 2~9 5~ 141 23Gl Sl 54 135 l~l 233 54 l4l 2is 218 S4 141 233 5~ 69 St.r l&tl 228 2S3 3 55 Lerra.&[) Jooe 1&1:1-r n ~ Arthur LcatGcdls~D F.,:,ed Las y{) Reho~ 2~~ ltr 2 229 23£4 ._t ~-w O'Zlo Sylvan Lo Le@ 0 Ch~lcs Ro 23~ 233 23~ 1~2 51 73 141 230 Sl Sl 152 235 5~ 136 l4l 233 5 lLl·l 233 1~3 230 S4 lS3 l~l 233 2g ss 41 229 233 10 l~l 233 ss lOS 137 136 .1.41 23$ SS l36 l~2 2?4 10!! 42 23~ 252 51 3 55 1·35 10' 1~2 192 23~ 250 Sn( l.36 l 233 55 l~l 228 233 ti-9 l!(-1 2 1 3 �---------- ~ - --- - - FACULTY {Continued) Nooep Roge!\ 3 55 141 229 233 Owens, \-lill!am Patterson t- Fex•rj" Sl Patton, David 229 105 70 136 142 Pendygraftl> Do glas Phan-Chan-The t Jean Phelan~ Dav!.d Powell, James Ramm. Jean Reed~ Helen. 3 51 55 136 141 3 51 229 Reed., Mer·y F~an l°'es· Ree~"e~, Emily Rob . so-, , Elicote:th ::c · i ns or ··1i lbtIT1 ~ . .;,.. ; l'ft,:.. ~ ,l '\, ' - ""- 'I;!•- ~;: • ~ - n ~~ S, - :.'" 3.'° i , -:.!: ........... p · ·" .. C ::. - .... O - .... Utl'l-: ::,,•: ""' i;: • • ~ v ... .1. · Sl 5~ l ~l 233 19~ n ~,-; -- - -.. c~o - • 5tf 1 As -~E 1 •· 1 2s ~ 7~ ~~~ - 4.: Q 2~b ....__. ~ 1 • .z. ,.l..o.. .\4 ...... Seage, Som,"ille s- John Somville, ~ar-ilyn ~ Si:!'E:et J ar~ es Stroud .. CQl"lo~. • Sto Pie~.:ie (C-::r::ei.1), Ani\:a :s 51 L... 51 6~ l ~l 23~ 250 Sq ~O 141 233 --5 142 51 iO 142 235 _2i 234 5~ 141 233 St~ Pier-~s ~ Gecr-ge Sweer1ejr : M 5.cy Tu~~s!' G R..!":h 55 r;~ler i fa•ricl" 1 9 4- 231{, 249 \'e.hlkarr:p:. Cha:.-:1€.s Va.hlkai p ~ tirs. Char...es ( Ser•2h) 55 hg .:.36 141 233 a1ker, John :tot. Walku1., ~ Johrl \lebel" :i Willia!.., 1 .2 153 55 1'"6 l~l 55 142 White!> Bruce 55 lli-2 234 c:5 142 234 White~ Robe1..,ta • Wilson, Christoph~ rl ilt tiar,shctA.1 Winsor, Gor-don 229 !JS l~l 229 233 5 5Lf. 141 233 Wolfe» Otis S~- 135 l'+l 233 Ziw.merme.n~ Craig 51 2 3 ~2 70 137 152 Anthropology Appointmsnt authorized Faculty repreeentatives to atte d Board m==tings Div sion Chairmen named Leaves ~ri thout pay Pt"'omotions in Rank 105 137 5?.. :.,u1 233 Wei ~ Puil.:.p FACULTY - GEl~ER.4L, Appointments 51 ~4 .l l!l 229 233 • -. - .,._ c.. 4.,:: 3 55 142 231.J 93 194 218 229 218 a 4 70 152 29 229 250 Sl 69 192 229 �-10FACU" TY GEbJ~p'"ru, ( Continued) Sabbatical l-ea·ves - 1~69-70 50 1970-71 135 229 St&--56 141-142 233-235 252 1971-72 Salaries - 1969-70 1970-71 1971-72 FEES (Tuitionp Room and Bo~d) 30 56 lll lS6 195 FitE ARTS CENTER Cont~act of $U,473,000 repo~ted hy ti.~eesure~ appreved by Board Exec..tti "e Com... i Hf:m: to ccr~ ide:• dev€lop:ns:. t of olans s.u·hoi,.i.~~ to a.pp::" ::or- ~<:. - J:.tttiorize Fe ·er•el financ:a1 ~::.i_ :-a-.nc Do'ilEI"t} 226 230 L. ~ ~"c.C!:, ti era..:tao:.e ot:.nQ--ticn ~-~ 8 71 2~0 2,3-9<=>2~2. ~ant, \'J< T. T-ru.st (s:ectu.~ lo~, 11 _9_ 197 r- oyes !' h~.rles Beq~..e:-t dei:)osit~d 1:0 Fine !srts Bldg(! acooUtit ll2 R~olutio11 to prooeed with plans 31 Taliesin Associeted Arc.hitect~ present plans 9 Uc S .. 11:"ust Compen)' funds re.s~icted. asi e:-!dOimen-c 219 for main~snance and op~r~tions 219 230 Wehr Construc~o~s, Inc. or L~uisville 157 Project Defe~red (bids exceed costs) - l --28 GIF-r P~PORTS M 32--48 2---68 8-10-' ll6-l!S,J. l 7-189 201-2 7 221-225 243-247 110 H•LL DOl O ARC IT CT Prelilr,in2.1.~r stt!dies - s"'·udent housing 194 IlfT£'R-FRATEPJ-SITY COUNCIL Code of College- Fr-a ·ernity Re].ation&hips 108 l.56 LANIER, Il{E ZIBl-IORIAL FU!iD LI!~OO !56 liAZEL B,, FUND LYBRANOp ROSS BROS Al~D MONTGO~SRY (Certified Public Accountant) MATTON:. \r.' GEORGE BEQUEST Committ e appointed to este.blish m mo!'"e K... ntucky Trust Compan}r ~ management Matton Pt'ofesso~ Nam d u~itization of Bequest Resolution expressing gratitude MILLERP WHRY AND BROOKS Landscapa Archi ects 190 195 257 71 lS~ 135 155 192 227 • 2L4-9 lll 72 7 228 �-ll- NATIONAL ENDOWMENT FOR THE HUM.WITIES GRANT 250 NEVIN 0 HUGH L. TRUST FUND 107 lSl PHI BETA KAPPA 137 191 FRESBYTERIAN SYliODS College-Ch~ol-i Relationship Changed 81103 Synott Bible Chai Endowment Amended (Presby~evian U. Se Board of Ch~istian Education) 82 uThe Synods ar..d Centre College" 84--87 Vocati• :1a.l G~iia.n,"te Center O operations tr~sf~1.'\ed ~ 82 SCI{01.,AR3E_PS 1 hfl• P!\.!ZES "':,e ~ks, Samuel Robat~teot..\ !t Jr-, Memci,ial P2."iZG1 OaeSi 2Sl 2Sl 156 Brackioriage~ fui~~ 1i!1go ~ rlas0 l r .:)chc-lt.lnsh ~ p Nc5r~s ()ppo!'tU! i 'tjr Sc.liolFrs..t::.ps 249 Syuott ~ilile Cb&ir· En~owment ""-- 1:.-. , , « 1.nompson -e ~--l.~l'l u~n~on p ~~e - - - - .) F~m{l· t'.s. .. ~ • .t.£l po s, 11 82 70 'lt , i \Jl". -~mer.!..~ h~~~~ 137 :inc::...._ 57 STUDENT ..t:.fFAIRS Alcoholic Be, erage Regula .ion Co-ed. housi11g S..lld visi tatior! College Po.lie}' Cahine.t establisl1ed Food Se~vice Ch e.r1ges ~ a t erni .. ies ·+· __ 1 6 52 75 154 155 250 i5 108 250 109 153 Moratoriu.i~ (October 15, !959) Resid0ntial Policv • S-ruaent R~pr~entativ~ a~ trus·ee meetings 3 4 5 49 STUDENT FEES tJiD TUITION Char·es estalllisned Remifision for etaff's children ' 30 55 111156 196 110 195 0 SYl~ODS AND CENT.RE COLLEGE 0 'l'REASURER Report& 2 49 GS 104 132 151190 226 248 TRUSTEESp BOARD OF Ames, Oakes Boles, Ewig T(I Brink ey si i\l Buckner~ Hubbi.U"d Campbell Don CN>unsep Gsorge Debneyp Gordon ~e 76 76 157 157 157 253 191192 248 191192 �TRUSTEES~ BOARD OF (Continu~d) Davi~an" G.lrdon Do-rrisi Will 1a1n Glenn I) Evansc James l9l 122 252 252 191192 Ere.nkel o Joseph Grissom~ Da.vid 76 157 191 l92 2 5 29 49 Hall 11 Ar-th~ H!gginsc John How Y'.i ~ Er.wk 76 Johnson, RichCJ:'d l9l 192 76 ~t."t~ p G~ll&<ie}" 157 252 Lively:, P!eztca. l~tin ~ (I 76 Lyman 252 ll2 151 192 1"'°1'" re u J Edwud He\rizl H~ l , lln O !4. ChaLn y Orend.wfp Jo T. P~h" t$.lJmmi Atstinso:i ~ert Oft Ru W., &Jtgers~ T. Hunton RDJce, Donad Stodghill f) Ho Wesi 1 jr S cliff~ El.be~ Gerri Va.nAntwerp I Howard O .m. ·van W'inklo e J. r1" all a.~ P Robert TRUSTEES~ BOARD or (GEl~ERAL) Exec tiv Committee Appointed L£.fe Truet e Office created (&?EJolu. ion) I~ ro])e;t'@ Elected Office~m Elated TRUSTEES ~ BOJ:JID OF O l~Tl:l GS MinutG: Octo?>er 4 5 9 1968 Me.re..~ 21 22 196~ &1y 30°31 1969 Oetobe~ 17-18 1969 t'IBJ!Dch 20CJ2lo 969 !P.aj' 30 ~ li70 O~:tob~l' 2-3\r 19 0 ~c...lt 13, 1.971 252 2 S 16 ll.2 2 5 2 5 76 2 5 157 252 83 161192 257 lO 5 76 l~l-192 226 252 76 } 57 252 .. l ~9 69 103 132 151 190 226 248 May 29t, 1911 i~G&R FORD AND WARREN 14 161 190 Cel!ttifiod Public AcaowitentLJ lll, lSl 190 226 ��BOOK 15 I NDEX MINUTES OF THE MEETINGS BOARD OF TRUSTEES OF CENTRE COLLEGE OF KENTUCKY and EXECUTIVE COMMITTEE October 15, 1971 -- June 1 , 1974 Book 15 �INDEX ADMINISTRATION (General) Appointments Authorization to appoint consulting clinical psychologist director of institutional research Salary adjus~ments 45 45 105 111 121 62 58 181 111 110 57 3 45 130 104 105 111 45 45 111 45 132 105 45 103 154 111 154 111 111 111 45 45 78 181 180 111 45 181 111 181 182 202 182 181 182 181 182 181 111 45 181 181 181 179 181 181 121 121 181 181 121 182 154 111 203 104 182 3 45 3 154 132 45 111 58 45 45 45 105 130 3 43 111 111 111 111 109 130 111 45 83 111 111 79 181 24 72 119 161 26 74 135 189 28 89 137 191 198 103 ADMISSIONS Counselors appointed ALUMNI FUND GIFT REPORTS 78 104 ADMINISTRATIVE STAFF Cald\vell, Anne S . Calitri , Michael Caruso, Annette Cunningham, Jerry Dixon, t.J . Barry Ensminger, Robert Evans, Jim ""1'1:2.zer, John Freese, Gordon Frisbie, Peggy Garriott, Mary Beth Graf, George Hanson, Harold Hensley , Tom Herzog , Flo)rd Hundley, Emily Kleine, Gary Le1;vis, Henry Lunney , Gerald Martin, Mary Ann Matheny, Larry May, John R. Partin, Robert Rall, Edward Reckard, E. C. Shearer, Violetta Smith, Harold H. Spragens, Thomas A. Stewart, Bonnie Stoess, Claudia Stoess, Clayton Swift, Edgar Taylor, Davidson Walter, Edward 3 13 30 95 139 16 32 97 142 18 52 99 148 20 69 115 157 22 71 117 159 �-2- ARTICLES OF ORGANIZATION Revisions Divided into two parts 151 152 204 9 82 64 132 155 213 AUDIT Acceptance of audits Appointment of auditors BAGBY ESTATE 56 BEQUESTS Dufford, Harry :t-fclfurtry, Florence Matton, George Reid=- Lillian H. Washington, May Brennan Wright, David G. 2 2 36 106 36 106 2 BROWN, JAMES GRAHAM FOUNDATION 123 77 BOLES PROFESSORSHIP OF ECONOMICS 84 BUDGET 8 10---12 1971-72 49---51 81 46 1972-73 107 144--147 153 1973-74 183 194--197 213 1974-75 61 62 adjustments to athletic, admissions and library BY-LAWS Amended Paragraph VI 203 2 177--178 COLLEGE RELATIONSHIP TO SYNODS COMMITTEES - SPECIAL Ad hoc on funding capital commitments Use of fine arts center To negotiate a farm rental contract for Gentry Farm COMMITTEES - STANDING Academic Affairs Administrative Appointments Articles of Organization and By-Laws 151 203 Faculty - appointments, promotions, leave, resignations and terminations 38 2 3 44 103 132 152 175 Oak Ridge Off-campus program Professor Emeritus Tenure Reports of committee 2 37 57 78 151 35 60 84 93 202 215--219 3 57 202 78 58 102 174 78 203 103 203 130 129 202 �- 3CO1-1MITTEES - STANDING (continued) Buildings and Grounds Danville Board of Education Dean ' s residence 5 8 34 Gentry Farm 59 81 93 Hill and Halley Architects student housing Lease of football stadium }1aintenance of Jackson Street Preston-Pruitt Funeral Home Renovation of football stadium Roads, curbs , \valks (construction of) School of practical nursing Reports of the Committee 5 39 59 130 153 59 130 5 79 176 Development Committee Ad hoc committee on Funding Capital Commitments Authorization to take bids for construction of student housing Barbour, John Prize Bequests Reid, Lilliam H. Wright, David G. Boyd, Leslie Randolph Prize Boyle, Harry Burton Prize Deferred gifts program East Coast Office (Handlan) 7 60 131 Fleece, Marian Scholarship Fund Isaac Shelby Society 7 40 57 60 Louisville Office 7 60 Nelson, Robert & Associates 106 131 Pratt, Devaughn (Mr . and Mrs.) Whitfield, Clay Carter Fund Report of Committee 7 40 60 80 131 153 177 Executive Committee Ad hoc committee on Dean's . Residence Grant, W. T. Charitable Trust Members appointed 1 64 133 150 Special committee to study long-term financing Emma Weisiger Art and Music Building (disposition of) Meetings, minutes of - March 11, 1972 December 4, 1972 June 1, 1973 39 79 204 39 105 39 131 39 153 59 5 104 204 60 81 105 106 106 80 7 81 212 81 131 106 212 40 106 105 212 34 34 213 35 35 34 93 121 �- 4COMl-fITTEES - STANDING ( continued) Finance Committee Auditors appointed 64 Audits approved 9 Authorizations: to reimburse the Division of Unemployment Insurance • from plant funds for proper ty improvements Budget 8 10 46 49 144 153 183 132 82 81 194 5 213 155 62 62 107 213 Dean ' s Residence 8 Doherty Foundation, financial agreement on Regional Arts Center 213 82 Educational Improvement Reserve 61 Endowment investment in old Young Hall 108 Federal Guaranteed Student Loan Program Fine Arts Center 82 committee for formal dedi t ation 84 naming of the Center 61 Funds Condit Doherty Hartfield Matton Warner 81 Gentry Farm purchase 82 Marshall Alt-1orth gift for land acquisition 41 62 Mellon Fund for Educational Improvement 40 41 Plant funds (furniture) Sabbatical leave for President for January 83 and February, 1973 Salary adjustments 61 107 109 132 177 179 61 Transfer from endowment to plant fund Armstrong House 203 & 205 Beatty Avenue Rice House 61 Transfer from plant fund to endowment fund Russell House 517 West Main Street Transfer of money from maintenance to operating fund 107 62 United States Trust Company Loans 8 60 8 West Walnut Street property (Newlin) 151 827 West Walnut 81 107 131 60 40 8 Reports of Committee 153 177 �-5COMMITTEES - STANDING (continued) Honorary Degrees Committee Degrees for 1972 1973 1974 41 106 Investments Cammi ttee Discretionary account First Kentucky Trust Company Matton account Mortgage Loans United States Trust Company Report of Commjttee Nominations Committee Officers elected Secretary of Board elected Trustees Emeritus Reports of the Committee 6 6 129 6 6 7 80 34 102 57 173 6 6 37 129 57 153 1 63 63 150 80 173 101 202 1 Student Affairs Committee Adviser to fraternities Appointments Clinical psychologist College physician Director of Sutcliffe Authorization to retain a clinical psychologist Commission on status and role of fraternities Student representative - faculty meeting Report of Committee 5 58 79 153 DEGREES - HONORARY Cook , Eugene Wilbur Cooper, Lorraine Shevlin Hanks, Nancy Jones, Jameson M. Knight, Douglas Maitland Perkins, Carl Dewey Peters, William Wesley Smith, Harry E. Vandenbosh, Am.ry Warren, Robert Penn 57 124 176 63 77 155 133 205 133 76 155 4 105 176 106 79 79 5 59 4 58 130 212 41 41 151 124 124 151 151 106 57 124 41 �-6DEGREES - IN COURSE Graduates 1972 1973 1974 64---68 124-- 128 205- -212 DUFFORD , HARRY bequest 2 ENDOW11ENT Value of Boles gift in support of fraternity system FACULTY Baird, Kitty Benson, George Bo,;vker, William Brantley, John Paul Brodey, Vivana Brousseau, Andre Brown, Donald Bro,vn, Frederick Bryant, Tom Bunnell, Sally Campbell, Charlie Cantrell, Paul Carbone, John Francis Vincent Carey, Helen Caruso, Annette Cavnes, Max Chadwell, Jackson Chambers, Henry Chrisman, Reva Cook, Wilbur Diaz, Manuel DiLillo, Leonard Edelen, Frank Elias, Joseph Ellis, Roy Feese, Ben Freeman, Jacqueline French, Gaylord Gaciala, Jonathan Gaines, Alice Gaines, Tom Garriott, William Girard, Charles Guisso, David Hamm, Michael 2 56 77 102 63 44 38 39 103 45 44 110 111 110 2 44 45 104 129 132 44 44 57 43 58 43 110 110 154 110 110 111 109 109 180 181 180 203 179 181 180 180 180 181 179 179 37 179 111 179 78 103 180 78 110 179 154 180 179 179 180 180 130 103 180 180 179 37 180 2 44 104 43 103 104 39 44 110 43 41 109 57 109 3 45 43 109 57 103 44 43 58 109 3 44 44 44 61 123 37 104 130 152 110 109 123 110 110 110 78 44 43 110 110 109 44 110 39 39 �-7FACULTY (continued) Hammond, Ray K. Harmon, Steele Hazelrigg, Charles Heck, Edna Heck, Frank Heitzenrater, Richard Herzog, Floyd Hill, \.Jest Hughes, David Inman, Briscoe Janzen, Donald Johnson, Louise Kellam, Jack Kno\vles, Rex H. Kumin, Maxine Lat-1son, Sylvan Lee, Charles Lewis, D. Harmon Lockett, Philip Loetscher, Frederick Lunney, Gerald McGuire, Herbert McKaskell, Robert Macs, Egils Marsh, Michael Matheny, Larry May,John Moore, W G. . Mount, Eric Murphy, David Nelms, Dorothy Newhall, David Nichols, Katherine Nimocks, Walter Nipps, Patricia Nystrom, Bradley Owens, William Piziak, Robert Reed, Helen Reeves, Emily Reigelman, Milton Robinson, Wilbur Sagar, William St. Pierre, Anita St. Pierre, George 38 39 38 41 132 41 43 44 44 44 43 78 43 154 44 43 109 43 104 43 38 110 110 109 103 109 179 110 103 109 172 109 109 58 109 43 45 43 43 38 38 3 43 38 109 41 111 109 3 3 109 172 179 78 111 44 110 39 152 154 4 43 109 130 45 111 130 43 45 44 38 43 43 78 129 109 111 104 43 104 103 152 132 43 152 123 44 43 43 172 104 109 61 130 132 109 109 109 109 154 154 109 154 38 179 110 179 109 44 110 180 180 179 109 130 203 180 181 179 179 179 179 104 179 109 57 181 179 37 38 201 181 180 43 181 37 179 181 58 179 154 179 179 179 179 181 180 179 180 43 201 180 203 179 37 180 �-8- FACULTY (continued) Sanders, Ronald Scarborough, Milton Shiba, Conrad Shrock, Alice Smith, Harold H. Somville, Marilyn Stveeney, Mary Stvift, Edgar Vahlkamp, Charles Vahlkamp, Sarah i.Jalker, Shirley Walkup, John Warren, Talmadge Weaver, Robert i.Jhite, Brent C. White, R. Bruce White, Roberta Whittle, Charles Wilson, Christopher Wilt, Marshall Winsor, Gordon Wolf, i-lilliam Wolfe, Otis Zimmerman, Craig Zirul, Evany FACULTY GENERAL Salaries Vacancies, authorization to fill 152 44 129 45 38 43 43 3 38 43 132 103 58 109 43 38 3 45 3 43 152 57 45 41 111 44 41 109 172 43 45 43 103 43 43 44 41 43 - 45 132 154 110 152 154 111 109 175 180 180 154 180 181 179 179 203 109 179 78 103 111 181 109 179 154 181 110 180 61 104 154 180 110 180 179 201 109 179 111 181 109 179 109 179 78 111 109 179 110 180 78 111 107 109 -111 154 179 -182 58 GENTRY FARM Acquisition approved 93 34 W T. GRANT CHARITABLE TRUST . w . T. GRA.l~T HALL - instructional building 106 of Regional Arts Center GUGGENHEIM MUSEUM Loan exhibit 122 128 83 JOBSON, ALFRED P. GIFT KENTUCKY WILDLIFE REFUGE Board membership 172- 173 �-9KING, MARGARET SHANKS 83 MILLSPAUGH PROPERTY (Nashville) Sale of 129 NATIONAL ENDOWMENT FOR THE HUMANITIES 2 NAVAL RESERVE ELECTRONICS FACILITIES BUILDING 172 NELSON, ROBERT H., ASSOCIATES 106 131 PLANT FUNDS Maintenance and rehabilitation fund Bicycle racks and shelters 212 60 41 154 PRATT, DEVAUGHN GIFT 40 PRIZES AND AWARDS Barbour, John Boyd, Leslie Randolph Boyle, Harry Burton Whitfield, Clay Carter 105 80 7 106 REGIONAL ARTS CENTER 103 104 SOUTHERN ASSOCIATION OF COLLEGES AND UNIVERSITIES Self-Study 203 77 SPECIAL TERMS AND CONDITIONS OF EMPLOYMENT President Dean of the College 121 121 STATEMENT OF PURPOSE OF THE COLLEGE 122 122 178 STUDENT AFFAIRS GENERAL Student representatives at trustee meetings 101 TREASURER Reports 101 1 123 36 150 56 172 76 201 1 123 36 150 56 172 77 201 �-10- TRUSTEES , BOARD OF Ames , Dorothy Arms trong , Norris Baker, Lisle Barr , J . 1-faEerran Beam , Lucy Bo l es , E'tvi.ng 1 2 Bro'tm , George Chandler , James Cooper, Don Cooper , John Sherman Crounse, George Dabney , S. Gordon 63 56 63 123 63 76 150 76 123 133 56 76 56 63 76 Davidson , Gordon Davis , Sydnor I . Diederick , John T. Dorr is , W Glenn . Evans James H. 56 63 Fr ankel , Joseph 56 64 123 1 93 56 76 56 Grissom , J . David Hall , Arthur Higgins , John Hower , Frank B. 76 Johnson , Richard Jones , Jameson M. LaMotte , Golladay 56 101 76 150 64 123 101 Meigs , Henry Moore , J . Edward Newlin , A. Chauncey 63 101 68 123 1 1 82 56 56 101 68 56 101 101 123 64 63 123 150 133 150 57 1 150 123 150 64 56 101 123 Or endorf , Jo T. Rash , Dillman w . 101 63 150 68 155 63 64 150 101 172 150 150 57 150 101 172 76 150 172 68 76 201 123 201 201 172 133 201 123 201 93 172 201 155 172 101 172 101 205 76 172 133 201 123 201 201 172 123 201 93 201 205 201 76 201 201 123 201 201 93 205 1 101 76 64 133 150 76 93 172 201 64 56 123 150 76 123 150 76 101 150 172 101 150 133 150 76 101 150 172 77 76 150 172 56 Lively , Pierce Robertson , Robert Rodes , Joseph M. 76 56 150 68 172 172 101 172 172 76 133 �- 11TRUSTEES , BOARD OF (continued) Rodes Nelson D. (secr e t ary and non- trustee) Rogers , T. Hunton Stevenson , Jane Stodghill , l~esle)' Sutcl i ffe , Albert Gary s,.:ain , Enos VanAn t ,verp , lio,vard III Van t.Ji nkle , John t~allace, Robert TRUSTEES , BOARD OF GEJERAL Committee lists Honorarium to President Spragens fo r l-1embers elected Officer s elected Secretar y elected - Nelson D. Rodes Trustees Emeriti Wives ' progr am 77 133 78 150 101 172 123 205 78 205 40 56 64 76 101 123 150 201 56 133 56 64 77 78 93 101 123 133 205 63 76 123 150 172 41 56 64 76 101 123 150 172 201 56 150 85 63 63 132 132 63 156 42 150 205 150 205 77 133 155 155 TRUSTEES , BOARD OF - MEETINGS Minutes October 15-16 , 1971 March 24- 25 , 1972 June 3 , 1972 October 20-21 , 1972 March 23 - 24 , 1973 June 2, 1973 November 2-3, 1973 March 22-23 , 1974 May 31-June 1 , 1974 1 36 56 76 101 123 150 172 201 WEISIGER BUILDING Disposition of 214 1-IISEMAN , GUY E . TRUST FU D 2 \.JRIGHT , DAV ID G. TRUST FUND 101 106 123 �BOOK 16 I NDE X MINUTES OF THE MEETING BOARD OF TRUSTEES OF CENTRE COLLEGE OF KENTUCKY and EXECUTIVE COMMITTEE August 30, 1974 -- June 3- 4 , 1977 BOOK 16 �IND EX ADr1I!'1ISTRATION (Gener al) Appointments Gr ad ua t e Fellotvs Salary adjustments 7 86 63 86 8 Fris hie , Pebg)' Gaillard , Nahketah Garriott , Mary Beth Gazzaneo , Sylvia Giltner , Bob Glass, Robert Hacquard , Laura Hall, Todd Hanson , Harold Herzog , Floy·d Kellar , Joanne Klimke, Connie Lewis , Henry Lunney, Carol McCarthy , David Magee, John l-1ay, John Moore , Ellen Nahm, Frederick Nata£, Linda Newquist, Don Ohlman , Jon Price, 1argaret Rall, Edward 16 168 117 291 175 275 208 296B 176 296C 9 76A 174 119 275 7 175 175 289 275 275 114A 175 119 275 207 243A 269 62 206 175 37 176 86 86 174 76A 86 86 115 120 86 86 7 86 86 175 175 76A 174 175 175 86 175 174 2701\ 114 269 275 7 275 7 119 275 7 7 275 275 119 275 275 275 175 275 275 7 40 7 168 Reckard, E, C. 175 77A 245 120 269 86 76A 86 Staffing AD:t-1INI STRATI \TE STA.FF Beck , Bob Benson , George Boardman , John Brousseau , Andre Bro\,rning, ivilliam Caldtvell, Anne S . Cooper, Ralph Dixon, l./ . Barry D~•!)7er, John Freese , Gordon 40 208A 119 245 7 76 16 114 207 86 175 115 76A 76A 16 176 269 37 120 55 206 289 55 168 269 275 119 119 119 120 62 207A 290 62 176 289 114 24] 241 293 63 206 293 �2 ADMINISTRATIVE STAFF (continued) Shearer, Violetta Smith, Harold Smith, Karen Spragens, Thomas 114 Ste'Cvart, Bonnie Strecker, Todd \.J'alter, Edward Warner, Michael 7 168 55 16 176 ADMISSIONS 7 86 37 206 86 86 120 41 241 86 86 76A 208 175 175 175 55 269 175 208 175 76A 275 275 275 62 293 275 275 275 119 208A 291 ALffi1NI ASSOCIATION delegate to Board of Trustees meeting ALUMNI FUND gift reports 64 1 3 58 203 72 216 10 94 246 31 139 281 42 156 297 ALWORTH UNITRUST 269 ANDERSON HOUSE, sale of 168 ARTICLES OF ORGANIZATION amended AUDIT reports AUDITORS appointed 170 243A 19 117A 292A 77A 210 292A BACCALAUREATE SPEAKERS 1975 Robert Clayton Lamar 1976 Alfred Frederic Horrigan 1977 W. Glenn Dorris 64A 171 242 BANK ACCOUNTS A..l-fil SIGNATURES 62 BARR, J. MCFERRAN fund BEQUESTS Cochran, Evelyn L~ Cooper, Bertha Levi Lee, George F Millspaugh, Clyde Burke Pottinger, Claude Read, Henry C. Tolin, Lula 64 289A 292 62 62 289 62 289A �3 BLUE CROSS/BLUE SHIELD 114A BURLAN, INC . sale of Cotton property 57 BRO1-lN, JAMES GR.A.BAf1 FOUNDATION scholarships 1975- 76 grants BUDGETS 1974-75 56A 118 65 168 final comparison budget year to date 21 25 66 1975-76 comparison budget 133 1976-77 preliminary budget amended preliminary budget • comparison 170A 192 197 1977-78 preliminary budget 276 BY-LAWS Amended duties of president and provost Article VI (proposed) Article VI (adopted) 206A 243A 270 CENTRAL KENTUCKY WILDLIFE ASSOCIATION election of Board 1975-76 1976- 77 1977-78 65 171 269A COM1-1ENCEMENT SPEAKERS 1975 Wade Hampton McCree 19 7 6 Maxine K11mi n 1977 Alpheus Mason (unable to come because of illness) 64A 171 292A COMMITTEES - SPECIAL Centre Endowment reports Annual Fund Farm Management For sale of Gentry Farm and Weisiger Building Government Relations To study unitrusts considerations To study the future operations of RAC 168A 208 242 209A 38 20 272 271A 17.lA �4 COMMITTEES - STANDING Academic Affairs • appointments 7 115 40 169 76A 270A 76A 115A 169 76A 208A 169A 243 208A 270A 77 290A 270A 290A 56 169 290A 291 291 114A 270A 77 208A 291 168A 290A 115A 291A 291A 291A 115A 116 291A 291A Development alumni delegate to trustees' meeting authorization of sale of Weisiger Building Bertha Levi Cooper bequest broadening base of Colonels Club and Isaac Shelby Society challenge gift of four trustees, 1975-76 272 Constitution Square Visitors Center endowment, value of Handlan, Raymond La.Motte, Golladay fund objectives in fund raising 1974-75 64 77A 40 19 Reports 208A 271A 177 168 64 40 292 117A 117A 292 168A 19 271A 19 117A 292 Executive approval of min.utes 1975-76 membership 1976-77 1977-78 August 30, 1974 minutes March 15, 1975 review of fee schedule, 1978-79 62 78 209A 293 7 114A professor emeritus promo t ions sabbaticals 1975- 76 1976- 77 1977-78 tenure terminations Undergraduate Fellows 1975-76 1976-77 1977-78 Reports 56 62 208 Buildings and Grounds authorization of architect Boyle Lunber Company lease designation of Weisiger Theater sale of property - 139 Louise Street Bellevue Cemetery plots Simpson property Reports 76 243 16 55 2921\ �5 CONMITTEES - STANDING (continued) Finance acquisition of lot south of Boles Natatorium benefits of the tuition grant program extended budget deficits for three years beginning 1975- 76 hospitalization and insurance plan for full-time employees Plant Fund use - ventilating system in Young Hall architectural services (physical education) projection of operating income and expenses purchase of 300 College Street(Ollie Davis estate) 56A renew loan ,vith Liberty National Bank Reports 18 56 63 77 170 209 271 rescinding resolution of October 5, 1968 (concerning signatures of checks drawn) retainer fee - Baird, Bailey & Sisk retirement resolution 209 salary adjustments 117A 170A 273 296B tax deferred annuity program for employees TIAA - standards of eligibility modified 63 Transfer of funds from endowment 56 77 tuition increase - 1975-76 1976-77 1977-78 Honorary Degrees 1975 1976 1977 Reports 64 Investments employee mortgage loans Fund A and B, value of Reports 64 17 Nominations life trustee officers elected trustee emeritus Reports Student Affairs Reports 171 77A 63A 208 78 16 63 170 78 208A 242 18 213 296C 116A 117 242 18 117A 242 272 65 171 292A 292A 241 115A 241A 17 270 170A 290A 209A 16 209A 290 290 290 290 271 291 COLLEGE ATHLETIC CONFER.ENCE CROUNSE GIFT 170A 170A 63A 63A 292A 292A 63A 62 18 116A 292 289A 269 271 272 289A �6 DAVIS, ARTHUR VINING FOUNDATION grant 289 DEGREES - HONORARY Norris Armstrong Lucy Kavanaugh Beam Moritz Bomhard Martin Chusid Ellis Lee Graves Alfred Frederic Horrigan Maxine Kum.in Robert Clayton Lamar \.Jade Hampton Mccree, Jr. Alpheus T. Mason (in absentia) t-1ary Jane t-1atz Mario }1edici 64A 64A 292A 292A 171 171 171 64A 64A 292A 292A 292A DEGREES - IN COURSE December 1974 and February, 1975 June 1, 1975 May 30, 1976 June 5, 1977 64A 78A 211 294 DEPARTMENT OF PARKS Visitors Center, Constitution Square 292 DEVELOPMENT OFFICE Cost of office 1975-76 Reports 56 289A 206A 241A 114 DOERMANN, t-1ARGUERITE estate 8 DOHERTY FOUNDATION ENDOWMENT Boles gift in support of fraternity system gifts, grants, and deferred gifts permanent endowment for RAC 8 56 value of 168 206A 38 114A 76 241A 40 269 114 289A 77 269 63 206A 38 114 289A 292 EVANS-Sill1RAL L ENDOWMENT FACULTY Alexander, Judy Baird, Kitty Bastian, Carol Boercker, Frederick Bowker, William Brantley, J.P. Brodey, Vivana Brousseau, Andre 85 76A 84 169 175 208 85 85 172 63 115A 173 270A 86 174 275 274 270A 170 274 273 120 �--- 7 FACULTY Brown, Donald Broim, Frederick Browning , William Bryant , Tom Campbell , Charles Cantrell , Paul Car ey, Helen Cavnes, t-1ax Ciholas , Karin Deyoub , Nancy Deyoub , Paul Dieringer , Rodney DiLillo, Leonard Doucette, Francis Edelen, Frank Edgerton, Glenn Edmonds, Frances Edmonds, James Eklund , Neil Ellis , Roy Evans, Carol Tate Evans, James Feese , Ben Forwood , William Frank , Suzanne Gaines , Alice Gaines , Tom Garriott , William. Girard , Charles Grillot , Michael Hall , Phyllis Hamm , Michael Hammond , Ray Harmon , Steele Hatting, Steve Hazelrigg, Charles Heck , Frank Heitzenrater, Richard Herzog , Floyd Hi~geman , Herbert Hill, West T. Houch in , Tl1omas Howard , Jam.es Inman , Briscoe Jabbari, Ahmad Janzen, Donald Johns, Ellen 85 85 76A 84 84 84 173 115 114A 119 85 115 115 169 84 85 174 56 243 84 243A 172 115 119 119 115 174 173 85 84 175 119 172 172 172 173 274 169 245 273 85 169 243 243 245 173 172 243 84 245 172 85 271 273 173 56 56 85 85 56 85 173 76A 115 85 273 84 169 114A 173 85 119 273 173 119 173 290A 172 208 174 290A 273 84 76A 172 85 270A 84 269 86 119 84 172 270A 175 175 172 243 84 243 84 208 175 245 172 243A 56 76A 241 76A 114A 76A 274 119 208A 275 174 273 273 273 274 291 174 275 290A 208A 174 245 245 274 274 273 274 274 290A 274 7 174 274 291 273 270A 208A 291 290A 85 173 273 115 208A 289 275 208A 273 245 290A 275 274 273 275 �FACULTY (continued) Kellam, Jack Kent, William KJ i mke, Werner Lairson, Thomas Larkowski, Charles La,-1son, Sylvan Lee, Charles Lenning, Kristan Loetscher, Frederick Lovely, Bernard McClellan, Mimi McDowell, Clifford McGuire, Herbert McKay, Nancy McKay, John t-1acs, Egils Mason, Alpheus T. Matheny, Larry 169 174 115 85 115A 241 56 84 173 243 62 116A 172 173 173 169 243 86 172 173 172 270A 243 119 175 243 169 274 245 76 172 84 172 85 241 173 84 172 114 206 84 84 84 168 208A 172 172 172 85 84 173 243 172 243 273 84 173 245 290A 172 273 76A 84 62 86 16 Moss, Edna Mount, Eric Moyle, Susan Murphy, Peter Myers, Joe Nahm, Frederick Naravane, V. s. Nelms, Dorothy Newhall, David Nichols, Katherine Nimocks, Walter t~ipps, Patricia Nystrom, Bradley_ Ostler, Theo Owens, Bill Pals, Daniel Peterson, James Piziak, Robert Reeves, Emily Reigelman, Milton Rutledge, Pearl Sagar, William Sanders, Ronald Scarborough, Milton Shiba, Conrad Somville, Marilyn Stroup, Daniel Studlar, Donley Sweeney, Mary Tarter, Rollin 84 85 85 76A 85 76 173 85 115 86 84 7 84 76A 273 274 274 174 245 175 273 291 273 274 245 174 275 245 174 291 292A 76A 273 85 273 274 290A 7 243A 208 169 273 273 273 273 7 274 245 273 290A 275 291 270A 290A 84 172 208A 76A 84 243 169 245 84 115 169 243A 172 85 270A 172 271 208 174 245 273 173 273 63 173 274 274 274 270A �9 FACULTY (continued) Thompson, Jack Thorp, Jam.es Vahlkamp, Charles 114A 84 172 173 173 168 241 114A 84 119 84 172 172 173 86 208A 85 173 85 62 169 56 243 273 173 76 172 84 245 243 169 269 169 84 243A 208 172 273 172 172 245 7 l.Jalker, Shirley Walkup, John Walther, Erskine l.Jarren, Talmadge Weaver, Robert Weinberg, David White, Brent lfuite, Bruce White, Roberta 169 119 114 206 76A 208 114A 243 115 270A 56 115 76A 208A 115A 243 169 270A 169 290A 84 38 290A 291 273 56 169 270A 296B 76A 19 l.Jhittle, Charles Williams, Dennis Wilson, Christopher l.Jilson, Clayton E., Jr. Wilt, Marshall 84 Winsor, Gordon Wolfe, Otis Zgela, Thomas 84 FACULTY - GENERAL appointments division chairman named leave without salary promotions in rank resignations and terminations sabbatical leaves 1975-76 1976-77 1977-78 salary schedules 84 119 172 245 FINANCIAL AID BUDGET 1975-76 55 FUNDS A AND B investment of 270 GORE, MAY B. annuity GRADUATE FELLOWS 1975-76 Bob Beck Bob Giltner Joanne Kellar Don Newquist Jon Ohlman Michael Warner 274 274 169 273 63 273 208A 115 273 290A 290A 274 84 273 170 270A 63 274 241 289 273 270A 275 292 1976-77 Anita Britton Kathy Evert Daniel Hinze Charles Keiser Allison Kelly 76A 208A 291 1977-78 Olin Adams Donna Anderson Carole Hot.Jard Keith Mathis Kathy Roberts Steven Sloneker �10 HARM , RAY sale of prin ts 9 HARMON , N. PRATHER 292A HI LLSlDE HOUSES A. Fred Arnicar B. Jona t han Fales C. David F . Hughes D. James H. Hewlett E. John Proctor Knott F. Fr ank Rainey G. Lucy Blayney Thomas and Daniel Lindsey Thomas H. Richard Rush HUGHES, DAVID F. memorial KING, MARGARET SHANl<S 8 62 uni trust 118 269A KNOTT , KATHERINE estate 269 LAMOTTE fund LEAVES OF ABSENCE Helen Carey, fall term 1976 Michael Hamm , 1976- 77 Charles Whittle , 1975-76 169 169 56 OVERSTREET , J . tJ . completed payment of pledge (Overstreet Ho use) 39 OVERTON ( John tJ . ) SCHOLARSHIP FUND modification of terms 77A PLANT FUNDS maintenance and rehabilitation fund repair of Regional Arts Center roof 169A 242A PRAYING COLONELS ENDOWMENT FUND PROPERTY purchase of 300 College Street sale of : 139 Louise Street Bellevue Cemetery Lots Advisory Committee endowments 270 39 POLICIES RELATIVE TO ACADEl-fIC FREEDOM , TENURE AND OTHER PROFESSIONAL STANDARDS AND PROCEDURES amended REGIONAL ARTS CENTER 289A 243A 269 289A 56A 209 8 40 62 115A 116 39 271A 57 114 62 115A 168 272 272 64 289A 38 77A to the lighting sound equipment and improvements to current expenses transfer of funds from endowment 27L\ 209 271A �11 RESOLUTIO ·s Katherine Boles Chauncey Ne~vlin Retirement - TIAA-CREF 37 116 214 SABBATICAL LEAVES 1975-76 1976-77 1977-78 56 169 270A ISAAC SHELBY SOCIETY membership extended 77A STUDE T FEES AfH) TUITION 18 TITLE IX CO}ft-1ITTEE REPORT 242 206A TREASURER interfund loans replacement of equipment in dining hall, residence halls and Sutcliffe 56 170A TRUSTEES (General) minutes October 25-26, 1974 December 11, 1974 April 21, 1975 May 30-31, 1975 October 10-11, 1975 l-1arch 29, 19 76 l-1ay 28-29, 1976 October 29-30, 1976 March 25-26, 1977 June 3-4, 1977 members elected officers elected trustees emeriti R. iv. Robertson J . M. Van l,1inkle executive committee elected 78 78 78 271 209A 209A 16 37 62 76 114 168 206 241 269 289 290 290 209A 16 16 293 VISITORS CENTER, CONSTITUTION SQUARE 272 WATSON, THOMAS J. FELLOWSHIPS WEISIGER FINE ARTS BUILDING 206 40 269 289A 271.A 291.A l.JHITFIELD SCHOLARSHIP FUND 62 YERKES, AMELIA annuity fund 168 �BOOK 17 I NDE X MINUTES OF THE MEETING BOARD OF TRUSTEES OF CENTRE COLLEGE OF KENTUCKY and EXECUTIVE COMMITTEE September 28, 1977 -- June 2 , 1979 BOOK 17 �I NDE X ADMINISTRATION (General) Appointments Graduate Fellows Salary adjustments Staffing 36 83 176 156 239 83 150 13 83 83 154 168 83 213 32 83 83 36 16 153 78 106 204 213 83 108 212 83 210 117 110 212 242 ADMINISTRATIVE STAFF Benson, George Brantley, Bonnie (nee Stewart) Cald,vell, Anne Campbell, Stanley Cooper, Ralph Culhan, Timothy Davis, Mark Dixon, W. Barry Dwyer, John Foley, Joe P . Frisbie, Margaret Glass, Robert Grissom Stephen 32 72 83 12 72 78 83 Haas, Dahlia Hall, Ross Hanson, Harold Hayes, Karen Herzog, Floyd Lunney, Carol Magee, John McWhorter, Dena (did not accept position) Martin, Stephen Mathis, Keith May, John Nahm, Frederick 13 Niccum, Daniel Nicholas, Donald Nicholas, Pamela Rall, Edward 12 32 72 119 150 Reckard, Edgar 12 32 72 150 Reed, Kelly Scott Rickenbacker, Virginia Rogers, John Shearer, Violetta Smith, Harold Spragens, Thomas 12 32 72 l .SO 83 83 13 83 83 83 213 106 168 106 168 112 204 113 204 153 152 153 83 83 113 204 73 106 168 112 212 213 212 239 110 110 212 212 110 239 212 168 237 213 110 237 153 212 212 83 110 212 212 212 239 212 153 153 113 237 119 237 212 212 212 212 212 119 237 �2 ADMINISTRATIVE STAFF (Continued) Strecker , Todd Thornton , Karen Vansant, Katherine Walter , Edward \.Jebster , Ida \.Jilliams , Laura 13 73 ADMISSIONS 83 153 13 83 83 109 212 83 212 212 110 205 237 204 ALCOCK, MR . AND MRS . CHAUNCEY, gift 13 ALEXANDER, JAMES H., quitclaim deed of interest ALUMNI HOUSE purchase of ANDERSON, SARAC . , estate 173 33 ARTICLES OF ORGANIZATION OF THE FACULTY AND THE COUNCIL amended AUDIT 206A 34 reports 73 152 AUDITORS appointed 113 BACCALAUREATE SPEAKERS 1978 C. Ellis Nelson 1979 Wallace M Alston , Jr . . 112 239 BACHELOR OF FINE ARTS DEGREE BARTLETT SCHOLARSHIP FUND 204A 208A 33 204 BECK, MACK & OLIVER retained 241 BEQUESTS Margaret Davis Bruce Nancy T. Lockett 111 207 106 BRENNAN FUND BUDGETS 1977-78 recommended final budget approval of final operating budget budget comparison 22 35 49 �3 BUDGETS (Continued) 1978- 79 preliminary budget recommended final budget approval of final operating budget budget comparison - January 31 , 1979 budget comparison - April 30 , 1979 1979-80 67 145 151 187 219 approval of preliminary budget BUILDING AND RENOVATING athletic-recreation facilities study stadium and track Alumni Gym/Sutcliffe Hall Co,.,an Dining Commons 206A 74 154 110 174 73 154 205 154 205 205 242 205A CAPITAL FUND CAMPAIGN amount given to campaign budget David Grissom appointed chairman goal guidelines for gifts increase in budget for film campaign steering committee 240 207A 207A 207A 208 238 238 CENTRAL KENTUCKY WILDLIFE REFUGE election of board 1978-79 1979-80 80 208A CHRISMAN, MILLER, WALLACE architects 154 174 205 COMMENCEMENT SPEAKERS 1978 Wendell Berry Ewing T. Boles C. Ellis Nelson Mary Sweeney 1979 205A 79 79 112 112 James H. Evans COMMITTEES - SPECIAL ad hoc committee - Synod of the Covenant relationship campaign planning committee task force on financial needs of the College 209 175 153 COMMITTEES - STANDING Academic Affairs appointments graduate fellows professors emeriti 76 109 153 206 240 110 205A �4 COMMITTEES - STANDING (Continued) Academic Affairs (Continued) promotions retirements sabbaticals 1978- 79 1979-80 tenure terminations Undergraduate Fellows 1978-79 1979-80 reports 76 75 75 108 153 109 109 Executive approval of minutes honorary degree awards membership minutes - September 28 , 1977 resolution regarding campaign plan review and approval of fee schedule , 1978-79 salary adjustments 76 206 241 206 110 241 205A 240 Buildings and Grounds architectural plan for Co,.;an Dining Commons contract for construction of track further study on stadium renovation improvement of Newlin Hall stage lounge furnishings in student residences negotiating initial contracts for track and stadium plans for recreational facilities revised plans for gym/student center 154 205 reports 74 110 Development assistant to the president campaign planning committee deferred gift designations in campaign fund raising analysts goal of campaign need for increase in gift support preliminary statement of needs revised statement of purpose from Self-Study staff associate to assistant to president Sumner Rahr and Associates retained task force tentative objectives in fund raising reports 36 78 110 206 205A 36 175 175 154 205 205 74 110 154 74 242 241 78 176 176 78 174 78 111 153 174 174 176 176 153 78 174 34 111 112 243 12 204A 14 13 �5 COM}1ITTEES - STANDING Finance Boyle Lumber Company property option budget 1977- 78 budget approved 1978-79 preliminary budget approved final budget approved 1979- 80 preliminary budget approved Cheek- Evans ,-1ater heater ~-lilliam J . Davis Fund Henry L . and Grace Doherty Foundation Contribution money restricted for RAC plant fund assets for athletic facilities RAC special account 35 salary schedules 1978- 79 proposed schedule revised 1978- 79 supplementary schedule 1979-80 approved schedule transfer of funds to RAC operating budget tuition and fees - 1979 - 80 RAC assistant director report 35 78 111 151 Honorary Degrees November 11, 1977 1978 1979 reports 79 14 79 111 36 35 77 151 206A 35 111 36 78 78 105 78 152 206A 35 151 111 206A 14 111 239 239 Investments approval to tender or sell shares of Ashland Oil approval to buy Exxon Common for Overton Fund account authorization to meet with investment firm mortgage loans - maximum level increased mortgage loans Grissom, Stephen Rogers, John transfer of investments to Beck, Mack & Oliver reports 34 74 107 152 205 108 152 241 241 Nominations officers of Board of Trustees trustees emeriti reports 112 112 155 243 242 242 154 111 111 243 80 112 Student Affairs consideration of woman as associate dean selection of students as residence assistants reports 77 111 152 152 205 74 �6 COMMITTEES - STANDING (Continued) Regional Arts Center Advisory members reports 79 79 107 155 CONSTITUTION SQUARE - CENTRE COLLEGE EXHIBIT 113 COUNCIL OF THE COLLEGE new members 33 DEGREES - HONORARY Wallace M Alston, Jr. . Wendell Berry Ewing T. Boles Joseph E. Duffey Alexander Heard C. Ellis Nelson James T . Norris Mary Sweeney Wilson W Wyatt . 239 79 79 14 14 112 239 112 239 DEGREES - IN COURSE June 4, 1978 June 3, 1979 108 240 DOHERTY, HENRY L. AND GRACE FOUNDATION grant letter 37 158 EDMONDS, FLORENCE AMELIA FUND 237 ENCOUNTER '79 FACULTY Atchison, John Baird, Kitty Barton, Michael Bastian, Carol Beard, Roy Bramwell, Willis Brantley, J.P . Brodey, Vivana Brown, Charles Douglas Brownlee, Robert Bryant, Thomas Bunnell, Sally 154 205A COWAN DINING COMMONS ENDOWMENT goal 208A 33 73 107 151 207 240 207A 83 76 204 13 206 83 212 240 211 83 211 211 210 12 210 212 212 76 81 76 83 82 13 82 109 81 81 206 83 �7 FACULTY (Continued) Campbell, Charles Cantrell, Paul Carey, Helen Cavnes , Max Ciho las , Karin Depe,-1, Laurienne Di eringer, Rodney DiLillo, Leonard DiLillo, Vivian Easley, Dan i-1. Edelen, Frank Edmonds, James A. Eklund, Neil Ellis, Roy Evans, James B. Feese, Ben Fogler, Geneva Forwood, William Gaines, Thomas Garriott, William Girard, Charles Griffiths, George Hall, Bruce Hamm, Michael Hammond, Ray Hazelrigg, Charles Hennig, Charles W. Hill, Daniel Hill, West T. Hodges, Linda Howard, James Inman, T. Briscoe Jabbari, Ahmad Janzen, Donald Johns, Ellen Joyce, Jane W. Keffer, Charles K. Kellam, Jack Kent, William J. Kineke, John Kiser, Carolyn Klimke, Werner Kurk-Howerton, Katherine Lee, Charles Loetscher, Frederick Logan, John McGuire, Herbert Matheny, Larry Miller, Ellen Mount, C. Eric 32 72 81 76 81 150 76 82 75 153 12 81 151 210 106 206 210 81 210 204 210 241 12 12 81 210 242 12 240 12 75 82 81 109 210 81 205A 210 75 82 81 210 153 211 82 109 211 206A 211 241 81 210 81 206 210 109 211 211 81 210 81 210 241 81 210 240 109 212 154 81 210 240 81 210 75 82 109 83 206 211 210 109 211 240 210 82 211 32 211 211 210 210 109 212 210 212 210 81 109 81 206 75 81 81 109 12 82 153 206 205A 76 83 153 81 206A 81 154 206 �8 FACULTY (Continued) Moyle, Susan Murphy, Peter Naravane, V. s. Nelms, Dorothy Newhall, David Niccum, Daniel Nichols, Katherine Nimocks, Walter Nystrom, Bradley Owens, William Pals, Daniel Pescatrice, Donn R. Peterson, James Piziak, Robert Reigelman, Milton Robinson, George Rocha, l-1aria Sagar, William Scarborough, Milton Somville, Marilyn Stauffer, Anita Strange, Georgia Stroup, Daniel Studlar, Donley Tate, Carol (Evans) Thompson, Jack Thorp, James Vahlkamp, Charles Van Brunt, Thomas Walkup, John Wagenaar, Richard Wallace, Gregory Weaver, Robert Webster, Keith Weinberg, David White, Brent \fuite, R. Bruce White, Roberta Whitman, Ruth Wilson, Clayton E. Wilt, Betsy Wilt, Marshall Winsor, Gordon Winters, Terence Wolsk, Nancy Zgela, Thomas 32 72 82 81 109 81 81 81 76 206 206 81 81 106 150 206A 211 81 82 81 109 81 75 81 206 153 109 81 81 206 12 206 82 82 82 82 82 153 109 109 81 109 150 76 204 76 81 81 153 81 154 154 81 154 81 206 81 151 75 32 72 75 81 81 13 33 83 109 75 211 210 241 210 210 153 210 210 204 241 210 211 241 83 210 210 211 211 210 210 210 211 211 211 211 211 211 109 210 211 210 212 212 210 212 210 210 211 210 241 82 12 210 210 109 211 83 �9 FACULTY - GENERAL appointments leave without salary promotions in rank resignations and terminations sabbatical leaves 1978- 79 1979- 80 salary schedules retirements 12 76 109 153 75 206 75 76 109 240 206 206 206 76 206 210 205A 241 16 81 34 FUNDS A AND B 78 153 156 107 108 152 GENTRY FARM final payment GIFT REPORTS 73 1 57 126 193 7 63 132 199 17 84 136 214 27 95 157 225 38 100 163 231 259 GRADUATE FELLOWS 1978-79 Timothy Culhan Mark Davis Joe P . Foley Ross Hall Laura Williams 110 GREEN, BALCOMB collection 33 GREGORIAN, ARTHUR oriental rug collection 33 HOGSETT, MARY REID annuity KNOTT SCHOLARSHIP FUND LAMOTTE FUND 34 73 107 151 107 151 LANGUAGE-LEARNING CENTER need for modernization of appropriation of funds to re-equip 206A 238 LEAVES OF ABSENCE Marshall Wilt Marilyn Somville LOCKETT FUND MARSHALL, JOHN estat e 42 120 178 252 266 75 206 204 207 14 �10 OVERTON FUND 152 PLANT FUND use of gift to fund for Steinway piano 78 POLICIES RELATIVE TO ACADEMIC FREEDOM , TENURE AND OTHER PROFESSIONAL STANDARDS AND PROCEDURES amended reaffirmation of 77 174 14 POTTINGER, CLAUDE estate PRAYING COLONELS FUND amended REGIONAL ARTS CENTER advisory committee improved lighting and sound system investments, responsibility of RAC Fund sculpture , acquisition of Speci:al Account 110 204 33 73 107 151 238 79 107 155 107 151 204 208A 73 34 240 34 35 RESOLUTIONS Boyle Lumber Company , amendment Harold N. Hanson retirement resolution 36 238 168 RETIREMENT ANNUITY PLAN resolution adopted and filed ,..ri th TIAA plan employee participation 168 169 204 204 RODES , JOE M. fund SABBATICAL LEAVES 1978-79 1979-80 76 206 151 204 73 103 SCHURZ FUND SKINNER FUND 37 241 SPECIAL ACCOUNT transfer of management 33 STOUTENBOROUGH SCHOLARSHIP 14 STUDENT FEES AND TUITION 151 168 �11 Sl?AIN, ENOS PRIZE FUND 151 TREASURER authorized to make mortgage loan authorized to adjust part- time fees sale of Tyler-Datvson Supply Company stock transfer of funds for Verdi Congress transfer of management of securities 108 152 207 107 241 TRUSTEES (General) minutes (Executive Committee) September 28, 1977 November 12, 1977 March 31-April 1, 1978 June 2-3, 1978 October 13, 1978 December 2, 1978 March 23-24, 1979 June 2, 1979 minutes approved 32 34 150 168 members elected 32 trustees emeriti James W Chandler . Don Cooper Jo T . Orender f committee assignments, 1979-80 executive committee elected TURCK, EMMA FULLER scholarship fund 72 204 112 112 242 242 258 112 207 TYLER, MR . AND MRS . gift VERDI CONGRESS WASHINGTON, MAY BRENNAN (second trust) YOUNG HALL hardware for computer program ventilation system , 12 32 72 106 150 168 204 237 106 237 242 240 207 33 72 107 151 34 73 73 73 �One Heckman HEC Square._ __·O.Box 59 o North Manchester, Indiana 46962 _.. P O Bindery, Incorporated G Phone (219) 982-2107 Bound,To--Please® January , 1987 Dea r Customer : Ch anges , ~hanges , c~anges ! Yes , we continue to develop our systems , p r odu c t li ne , and d1stribut1on network to better serv i ce you our cu stome r s . Change is necessary as we look forward to the fu ~ur e . W have bundled all of our changes into one group so as to not dise r upt you many times during the upcoming months . We have put together a packet of information which describes in detail t he changes . Many of the changes and all of the new forms come as a r esult of Heckman's new computerized binding system and our Customer Council . Yes , we have installed a new Data General MV4000 computer and new software . We're very excited about this new system. He r e are some of the highlights to look for within the enclosed l it e r ature . All of the changes below become effective February 1, 198 7, e xcept the price change which was effective January 1, 1987 . 1. H. E . L. P . System Manual - The booklet is self- explanatory . One ni ce feature is that the b1nd1ng ticket is now the same whether i t be for a book or periodical. Another important item to be recognized is that our new format has caused the binding ticket to be larger in size . (Heckman can provide new boxes to accommodate your tickets if necessary . ) 2. Product Specification Manual We are following the new L. B. I . specification . Economy Books also include paperbacks ~nd can be a . with many options , including mylar laminate . Our manufactured H~B paperback has been dropped from the line, but can be designed using the options as listed on Pages 8 and 9 of the new product specification manual . (Please complete and return the enclosed Economy Book Customer Prefer~nce form . ) Economy Periodicals will be manu~a~tured 1n a Type II nonc . woven material using a buckram f1n1sh . use Buckram Number Change - Why use four numbers whe~ you can speed three numbers , and that ' s what we have_done . This should number f t ure . This standardizes the up your preoaration in the u system to m~et with those of the manufacturer . A. 3. 0 4. Price ~ist for Libra~yi~i~~!n~r=~doir~~:s~~~;r~ fw;o~~:r~~~!~n The maJor changes ar h . ) Economy books are being 1 ze · · t h tree price s based upon W e s deleted old terms and some o ld . h ~~t~i~~~~;n~~dereth:v!xtra charge sections . ~!~~~~~ �The Heckman Bindery, Inc. January, 1987 Page 2 It should also be mentioned that we are discontinuing our Missing Issue Library due to lack of use. This will take place February 1, 1987 . We thank you for the business that you have given us over the years . We are trying our very best to make your work easier and better as we move forward into the future. If you have any questions, please write or phone your customer serv ice representative. Yours truly, /I l'...J---✓L~ \ V Ste · en D. He wig Vice President/ Marketing SDH/ lmw Enclosures �'i I¼ ,tf..J .;ll ~ Lcl-:!~r'71k7t;r· tJ,,!.,- :3 Y / J<-< o//--- 1B .... ( " " .,.. (' r., t ~(' r- . r- ~ ... i.\ . " " '"'<. -\ ,.. Y • ~ ~ r I ~ ~ (' ... ~ 3/~t t/J 37 ( -r ( G \ ~ (' µ? u.vtr.... ,, i ..:_; 7 J ~ ~ • \ .:-C-,u•77,~ ... ~ l ( ) z_,f'1 Y..J j--11-,,__-.-<l 1., 1 # ~ 1 . . £ ~_,, - o'- ��I t 1 • /L..5- t-- • ,., {' r •• I "' ( ~ A _,"'-J ..., , \ "' r--.... I ( ' r I" I" ,,. '.\ .. } ,,., \ - _, L / "" "; /y. - J e z - (. ) -.;_/ ..... I, - ,_ - .., 'I_,. ;:, f - \ \ I I • -- - -- ����S-( ' J 3 03 ��'r-l {_ ~- r\\ " "' ~ r ' ( -~ -W ~· ~~ ~t \ I ,.. I ) ' • , I (" ( ' I'~/✓~ - I t; R,'f - r ..... i( J /i • ......u - I /7~:r y " f q ~ VI ��' • ~ ~ .,,, _J t ~ K ~ 7 -!£;~~ ) -l,_ '} <- c.. '31_I ;tf.Y l..:..!,/_✓ .~ ~ _.,._ ~ ~ t,1.; !I I ~ ..../7,v~ <:..~ ~ I ,, ~ -L ' <.;..-(;.. - ~ -cJ ..... kc -.J L--?.......,_ ..,,. 1 /;i,, rf-C ~ ~, - ~---3/ ? q,! ~.-., ...,c' J} :--.. 3 I / R I.,, ~ ~. ~ s ' ~ ~ r ~ r ~ ~~ r\ r .. - ~ - ;1 ,, ,_ I -I- ( J __,-r1 I ~I IL¢-{ ~ -- 7 ,_ .:?'4----J"--' - /2 / ��r R , ~ ~ct~~n I \ \ t' ~ ~ \ i-2[1 C1v "",,~--z-c..., l-& 3 -, ....:;; ~ .... r ( ~.3t/ ?-- q y • c,, (W,:µ '2..,-1., ) r-J I t. • ~ ,;- ,,..,, __ ,, ---✓- , ..,~ ;') Ps - ,/ ~ ~ '? ,<;re. ,C..- -'-,; - - ') ~I ;, 1 ��Ut111.4·/ '-I 'I J /~l-,J ~ ��<,,r- "-> £' -..... t"' f;'............~ ~ I 1 7 ~ • , �• �~ r>- ~ ~ rJ ~ ..... . ~- j . / , • t ��--- _.,,.,..,. , 1 ,. -_; I - v ,,, l J. ✓ I ( - I ��... .... ) I ~J ~ ~ ~ G" ' -...... ~ ~ " - "" ( ~' ~ '?' - t- .:. ',.),.l ~ .... _) ,J N " • I - '-q ~ "'"' f' l be -=s / ~ I.C ~ u _4 ' ,.. I {,/1t0t..1.L-lc:. -~-7,~ \; ... ... . . /t..-c.-:.f - - - tJ..t ~ .,,,. -- ' "\. t'" ~ - ,,.-- I...,. ud-1 I ~ 1-. ). <-I'? .... - _,,. ~ - ( ti (,, l - ) 1 ,.. • t_.,(. :t..; .-,1 7 - • c----....-, .... ~ ..: '--..,.,..,. ... ~ ✓ - _J (' -I - 1-& z_ ' - ��tj \. { {""; ~" ) \ ,. \ " / p~ • - nt...'"" --- /:Ja 1, z.<- -vff / Vi I ) I~ 7 !, 5~ J ~ l~-:.....:.." �------------------------------------------- �1 _,£ ,-)f(; 1 c..L / 3 )t/ / -- I (J l /c I ...... --- �---------------------------------------------·- �~ \' ......... ......... '-..; ~ /2-r~ \ ~ ) s f y--__:i '1 //~~..<7.-0r"' _.,, I .... " /) - I (..: ~ f .J ~ '-N ~ ~~ ~ ~,..,,,,.. ,]., v1 ~ .r I ./ } A ...i ~ 7 -<.P r 'J .... - Jbn--rt.d..-r::lo/; y-L/ I ~i/ IJ;,.d. . . ~ ,,_,,c._ �------------------------------------------ �7 \ ' 1- dfc ? 2. tf-?oU '..,_,t:. "'"?; - C ;7.l-~>U:ec''<'...-- ... (. u I ' 2- �-----------------------------------------· - �' I " • ,.. jlh3. a ~ - ~.. 70!,~L~ 7 t-- ~ .._, (\ ~ ..) ~..) ~~ .. s t C ~ l ~ J /) r -[/21 ,.,, ~~r~ ~ )e ~ • ~ .. ,if - ;7', o:v -<l..Ll;, , .__t-z ll 3? \ ...• r ' I ~ ~&~ ld.~L?., ./aL.e;~~ �---------------------------------------• �• .,, \ /- 3 _ ,._ I I 7- I .., ���� Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees Description An account of the resource Minutes from the Centre College Board of Trustees. The Centre College Board of Trustees collection was compiled from a mass of papers found in various campus locations in the early 1980's. Since no clearly defined subdivisions existed, the material was simply divided by type of document, assigned a series letter, and then arranged chronologically. Series A, approximately half of the collection, consists of correspondence to, or from, members of the Board and the secretary and financial agent/treasurer, who served as agents of the college's governing body. A significant percentage of the collection deals with fund raising efforts by Centre, and efforts by the financial agents to collect on subscriptions made to the college. Other prominent subjects include: The Kentucky School for the Deaf (then known as the Deaf and Dumb Asylum); efforts to select presidents; faculty relations; consolidation (and aftermath) of Centre and Central University (Richmond, Ky.); consolidation of Centre and Kentucky College for Women; Carnegie foundation grants; and erection of college buildings, particularly Old Main, the "new" Boyle Humphrey Gymnasium (Sutcliffe Hall) and the old octagonal Sayre Library. This collection of correspondence is largely a "patchwork" collection and by no means covers all the vital issues tackled by the board since its inception. The correspondence, for example, from the 1820's to the 1850's is quite diverse, while the correspondence from the 1860's deals almost exclusively with efforts by the financial agent to collect on delinquent subscriptions. A central figure in much of the later correspondence is John Adison Cheek who served as treasurer of Centre from approximately 1889 to 1933. Series B consists of perhaps the most important chronicle of Centre's history - the volumes containing the minutes of the Centre College Board of Trustees, 1819-1853, 1863-present. Minutes from 1819 through 1979 have been digitized, and are available from the Centre College Digital Archives. Interesting circumstances surround volume 2 of the minutes. The volume had been missing for at least forty years when it was discovered by Dr. Miller Hillhouse in a shed between his Danville house on North Fourth Street and the home of Miss Mary Ashby Cheek on North Third Street. The minutes were believed to have been placed in the shed along with other old books and papers in the mid-1930's after the death of Miss Cheek's father, J. A. Cheek. The fate of the volume containing the minutes from 1853-1863 (one of the most interesting decades in Centre's history) remains a mystery. Series C contains miscellaneous reports written by the Board, or committees of the Board, while Series D contains miscellaneous papers concerning the Board, including certificates or pledges for members taking the oath of office and texts of speeches and essays by members of the board. Annual Reports to the Board may be located in CC-2 Centre College Presidents. Public access to Board minutes may be granted for those minutes for which the President is no longer living, or 25 years past the date of the minutes, whichever is longer. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1819-1979 Rights Information about rights held in and over the resource All Rights Reserved Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books Text A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Physical Location Where item is located in collections. Centre College Special Collections and Archives CC-1 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context CC_1B_Index_1963-1979 Title A name given to the resource Index to the Minutes of the Board of Trustees 1963-1979 Date A point or period of time associated with an event in the lifecycle of the resource 1963-1979 Description An account of the resource Index to the official recorded minutes of the Centre College Board of Trustees from 1963 to 1979 Publisher An entity responsible for making the resource available Centre College Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Danville (Ky.) 37.64569, -84.7836946 Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource minute books Language A language of the resource English Rights Information about rights held in and over the resource All Rights Reserved Subject The topic of the resource Centre College (Danville, Ky : 1918-)--Board of Trustees Centre College (Danville, Ky : 1918-)--Minutes (Records) https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/53877f77699a6b869f86ad94a9de765c.pdf?Expires=1776902400&Signature=lvuw3n%7EttXSD4ZDQtWDTDe0HPkPee5R8v1TbYmgZY%7EXdiJ8mUtMJShuLeUebV7Rh5fMBbAD3X8VCZ-oxve1qwr-1jSEBOkLY2%7EIRoej9JUnDBf9ImgijHMDk9qOXJESm0%7EDIuyPHXZZKIJDGmWYlRIqxbt8zEZaDdaBMTSa7vwz6zfyjIdaiYtTWxEZR5RznIHCG7gT8-v6M1bDHTijtpZ47AWA-xLuMchc5p2UY9v2GpuEBDXQwESzkurDjgxgYW5VHAxp7L0Lcac7%7EKpSuiRkqKbRx0rHVTKGs8%7E0iQOZ1bN4FpbtONelHM1SbAOblwW49RHGHr-WUHbwv0w5SVA__&Key-Pair-Id=K6UGZS9ZTDSZM c018439ad804dbb76707d0c3798cafb3 PDF Text Text ��■ ����I Minutes of the meeting of the Executive Committee of the Board of Trustees of Centre College of Kentucky held at Centre College, August 25, 1960 The meeting convened at 10:00 A.M. in the Conference Room of Old Centre. Present 11ere Vice Chairman Sutcliffe, Miss Cheek, Messrs. Barr, Campbell, Lively, Van Winkle, and President Spragens. 1. The meeting was opened with a prayer by President Spragens. 2. Chairman Sutcliffe welcomed Dr. Mary Ashby Cheek to membership on the Executive Committee. 3, President Spragens reported that the vote of the Board of Trustees confirmed the appointment of Trustees Armstrong, Baker, Barr, Boles, Logan Caldwell, W. P. Caldwell, Campbell, Cheek, Lively, Martin, Sutcliffe, and Van Winkle as members of the Executive Committee of the Board of Trustees of Centre College of Kentucky for the year 1960-61. 4. President Spragens reported that the College has received several gifts for a Lanier memorial. Chairman Sutcliffe appointed Mr. Logan Caldwell and President Spragens to serve with himself as a special committee to draft a resolution memorializing the service of Ike Lanier for presentation at the October meeting of the Board of Trustees. ' 5. At its meeting on June 4, 1960, the Board of Trustees directed that the date of its next meeting be decided by a committee to be appointed by the Chairman of the Board. Chairman Sutcl.:ffe announced that the next meeting of the Board of Trustees will be held on October 21, 1960 6. Chairman Sutcliffe directed that the Trustee Committees for 1960-61 be recorded as follows: ( ) Academic Affairs 1 Martin, F. Caldwell, Cheek, Price, Rogers. Buildings and Grounds L. Caldwell, Armstrong, W. P. Caldwell, Cheek. Development Baker, Barr, Campbell, Newlin, Nichols, Tate Finance Barr, Boles, Lively, Martin, Newlin Honorary Degrees Van Winkle, F. Caldwell, Lively, Van Antwerp Investments Boles, Baker, Barr, L. Caldwell, Lively Student Affairs Armstrong, Hall, Tate, Van Winkle ��■ -2- Women's Division Cheek, W. P. Caldwell, Chaney, Yerkes Nominations Campbell, Baker, Blazer, Lively (l) First named is Chairman of each committee. Since the above committee structure is subject to Board of Trustee consideration of the revision of Article V of the Bylaws of the College, Chairman Sutcliffe directed that the Committee on Finance be a sub-committee of the Committee on Development, and the Committee on Student Affairs serve jointly in the functions of the present Committee on Athletics and the Committee on Fraternities until the Board of Trustees has the opportunity to consider the revision of its bylaws. 7. President Spragens reported that the vote of the Board of Trustees to grant honorary degrees to two persons at the commencement exercises on June 5, 196o, had not been recorded. It was moved, seconded and unanimously adopted by the Executive Committee: That the minutes of this meeting of the Executive Committee record the following previous action of the Board of Trustees: "By a mail vote the members of the Board of Trustees unanimously approved the recommendation of the Committee on Honorary Degrees that the College grant honorary degrees to two persons, both of whom had been invited as the principal speakers for the baccalaureate and commencement exercises on June 5, 196o,as follows: John Mar~hall Stalnaker, president of the National Merit Scholarship Corporation, Evanston, Illinois, the honorary degree of Doctor of Laws. Joseph Bartholomew Mullin, pastor of the Harvey Browne emorial Presbyterian Church, Louisville, Ky.,the honorary degree of Doctor of Divinity." 8. President Spragens stated that a student whose name was not presented at the June 4, 1960 meeting of the Board of Trustees has completed the requirements for graduation. On motion by Mr. Lively, seconded by Mr. Campbell, the Executive Committee adopted the following recommendation of the faculty: That Betty Woodward Good be awarded the degree of Bachelor of Arts in August, 196o. 9. The financial report of the general operating fund for the end of the 1959-6o fiscal year was reviewed by the Treasurer. Though subject to final audit adjustments, the report showed that income for general operations was approximately $27,000 in excess of expenditures for the 1959-6o year. A report of stock dividends sold during the 1959-6o fiscal year showed that approximately $11,000 was realized from that source of general operating fund income. 2 ��3 -310. President Spragens reported the existence of two dormant bank accounts and recommended that they be closed. On motion by Mr. Barr, seconded by Mr. Campbell, the following recozmnendations of the President were approved: a. That the Treasurer be authorized to close the Old Centre Building Fund account in the Citizens National Bank, and to transfer the balance on deposit therein to the Plant Fund of the College. b. That the Treasurer of the College be authorized to close the Student Christian Association account, now in the Citizens National Bank, and to transfer the outstanding balance therein to the general Operating Fund. 11. President Spragens recommended that the Executive Committee authorize a separate bank account for the plant funds of the College, which would include the present Weisiger Building Fund account. On motion by Mr. Barr, seconded by Mr. Campbell, the Executive Committee approved the following actions: a. b. 12. lished to bursement On motion folloWing That the establishment and maintenance of a bank account at Farmers National Bank in Danville, Kentucky, to be known as the Centre College Plant Fund, be authorized. That the transfer of the outstanding balance in the Weisiger Building Fund to the Plant Fund account, and the closing of the Heisiger Building Fund bank account, be authorized. President Spre ~ns recommended that a separate bank account be estabprovide an effective means of accounting for the receipt and disof funds received under the sesquicentennial capital fund drive. by Mr. Barr, seconded by Mr. Campbell, the Committee adopted the recommendation: That a clearing account be established, to be k.no,m as the Centre College Development Fund account, into which Will be deposited initially all funds received through the Sesquicentennial Development Fund campaign, and from which periodic transfero will be made autoitD.tically to the Plant Fund, the Endowment Fund, or the Operating Fund as appropriate. It is recommended that direct expenses of the Sesquicentennial Development Fund campaign be charged against the Development Fund and disbursements in payment of these campaign expenses made from the Development Fund account. 13. President Spragens reported that one further bank account will be needed, due to Federal Governmen requirements, in connection with the College's construction program. On motion by Mr. Lively, seconded by Mr. Van Winkle, the Connnittee adopted the following action: That a Centre College Construction Account be established with the First National Bank of Louisville, Kentucky, to receive and disburse funds received from the sale of bonds ��4 -4to t he Federal Government and funds to be provided by the College , for construction of housing and dining facilities, as required by regulations of the Housing and Home Finance Agency. 14 . Mr . Barr recommended that the Executive Committee authorize the appointment of a special committee to look after the College's interest in the construction projects now being planned . On motion by Mr. Lively, seconded by Mr . Campbell, the following recommendation was adopted: That a special committee be appointed to function during the period of construction of the buildings now being planned; that the special committee have general, overall supervision of the college's interest in the planning and the supervision of construction; and that the sirecial committee be authorized to select such technical assistance as may be needed. 15. Chairman Sutcliffe appointed Mr . Barr as Chairman, Mr. L. Caldwell and Mr. Campbell to serve as the special Committee on Construction recommended above. On motion by Mr. Lively, seconded by Mr . Van Hinkle , the Executive Committee unanimously approved the appointments. 16. On motion by Mr. Lively, seconded by Mr. Campbell, the Execu ive Committee adopted the following: That President Spragens be authorized to employ an engineering consultant to review the final plans and specifications for the construction of the buildings no\T being plan= d, and to provide such technical assist ance to the above special committee as it may request . 0 17. Mr. Barr recommended that the action authorizing the creation of certain collateral accounts,which was taken at the last meeting of the Board of Trustees,be revised to provide for the pledging of endowment fund principal, instead of interest income only, to meet Housing and Home Finance Agency requirements . On motion by Mr . Lively, seconded by Mr. Campbell, the Executive Committee unanimously approved the following action: That the action of the Board of Trustees, in its meeting on June 4, 196o, pertaining to the creating of trust funds for the segregation of endoument fund securities to meet reserve requirements for the government loan (as recorded on page 6, paragraph 15, of the minutes of that meeting), be rescinded; and that the Executive Committee adopt the following recommendation: "That the College be authorized to establish collateral accounts to meet government requirements for a debt service reserve and a building maintenance and equipment reserve to support the College's housing and dining hall loan beyond amortization requirements; that the College be authorized to deposit in the collateral accounts, established with a trustee, $300,000 of securities owned by the College ��• 5 -5and constituting a part of end.o'Wlllent funds unrestricted as to use, in trust for the benefit of the purchasers and holders of the housing and dining hall bonds to be issued by the College; provided, however, that except during any period of default in the College's obligatiom under the indenture securing the bonds, the College shall have the right (1) to the interest and income derived from the securities deposited in the collateral accounts, (2) to substitute in the collateral accounts like securities of equal marketability and market value, and (3) to withdraw securities from the collateral accounts so long as the total market value of the securities remaining on deposit in the debt service reserve account is not less than the balance of the outstanding bonds, or $16o,ooo, and is not less than $140,000 in the building maintenance and equipment account." 18. On motion by Mr. Lively, seconded by Mr. Campbell, the following action was unanimously approved: That the College be authorized to enter into a contract with the Kentucky Trust Company of Louisville to serve as trustee of the collateral accounts, if that company is satisfactory to the Housing and Home Finance Agency. 19. Reporting on the Yerkes Farm sale, President Spragens stated that pursuant to the action of the Board of Trustees oa June 4, 1960, the subcommittee composed of Mr. Logan Caldwell and Mr. Lively has concluded the sale of the Yerkes Farm. The farm sold for $63,393. Costs of temporary management and sale, including agents fees, were $3,571.00, leaving a net return of $59,822.00. Of this Miss Yerkes has directed that $5,000 be released from the life income agreement, and paid as a contribution to the Sesquicentennial Development Fund. This leaves a net of $54,822.00 as principal of the Amelia Yerkes Fund, from the sale of the farm. The President also reported that, in the process of settlement of the farm, Miss Yerkes sold to the College all personal property, including live stock involved in the farm operation, for a sum of $7,170.00. The College realized $9,518.62 from the subsequent sale of this property. The cost of agents fees for the sale of the personal property was $475.93, leaving a net of $1,872.69. On motion by Mr. Lively, seconded by Mr. Campbell, the Executive Committee adopted the following: That the net proceeds of the sale of Yerkes farm personal property be added to the .Amelia Yerkes Fund, and that the Fund principal of $56,694.69, consisting of the net of $54,822.00 from the sale of the farm and $1,872.69 from the sale of the personal property be invested for the duration of the life agreement contract entered into with Miss Yerkes as a part of the general merged endowment funds of the College, and the income allocable thereto be paid regularly to the recipients designated in the agreement with Miss Yerkes. 20. President Spragens made the following report to the Executive Committee on Mr. Arnicar's retirement: ��6 -6"Pursuant to the action of the Board of Trustees on April 2, 1960, authorizing a committee composed of Chairman Lanier, Mr. Logan Caldwell, and President Spragens to uork out, if it should appear desirable, a retirement program for Mr. Fred Arnicar, the committee has concluded an arrangement under which Mr. Arnicar, controller of the College, will be placed on retirement effective September 1, 1960. Mr. Arnicar will be granted a stipend of $1,800 annually. It vas explained to Mr. Arnicar that although the trustees cannot make this as a legal commitment, it is their intention that the arrangement be continued until he reaches the age of sixty-five at which time his TIAA retirement annuity would normally mature." On motion by Mr . Campbell, seconded by Mr. Barr, the Committee una.nimously adopted the following: That the Executive Committee record its approval of the retirement arrangements worked out for Mr. Arnicar; and that the College clearly record the payment of the stipend as a grant, not salary . 21 . Mr. R. C. Patterson, the local director for the Brakeley Company, reporta:lon the progress of the capital funds campaign of the Sesquicentennial Development Program. Mr. Patterson reported that to date nineteen members of the Board of Trustees have indicated they will contribute $281,550 for the program. Mr. Patterson stated that the preparation of brochures and other informative material for use in subsequent stages of the campaign has been nearly completed. 22. President Spragens ma.de the following report of new faculty appointments for 1960-61: Robert~ M 111 1 Assistant Professor of French . Mr . .Magill is presently a doctoral candidate at Columbia University. He earned his A.B. and A.M. degrees at the University of Virginia, where he was elected to Phi Beta Kappa and to the Raven Society . Re formerly taught at the Virginia Episcopal School, Lynchburg, and for the past four years has been a member of the faculty of Ferrum Junior College, Ferrum, Virginia. Charles~ Lee, Jr., Instructor in History. Mr. Lee received his A.B. and A.M. degrees at the University of Miami, and this summer he has been at work completing his doctoral dissertation at the University of North Carolina. Jercy !2.:_ Madden, Acting Instructor in English for 1960-61. Mr. Madden received his A.B. degree at the University of Tennessee; and his M.A. degree at San Francisco State College. He is an active writer of plays, poems, and short stories, and studied at Yale University last year on a John Golden Fellowship in Playwriting. In 1958-59 he taugh English and play p·oduction in Appalachian State Teachers College, Boone, N.C. ��-7Nelson ~ Rodes, Jr., Part-time Instructor in English. Mr. Rodes received bis A.B. degree from Centre in 1954. He earned his LL.B. degree at Harvard in 1957, and practices law in Danville. James B. McCormack, Research Assistant in Chemistry. Mr. McCormack received his A.B,degree from Centre in 1955, Following his graduation, be served three years with the rocket program of the U.S.Air Force. More recently he has been employed as a chemist by Thiokol Corporation, Huntsville, Alabama. Ernest~ Shideler, Visiting Professor of Sociology, 196o-61,(0ne year). Mr. Shideker received the A.B. degree from ottawa University, and the M.A. and Ph.D. from the University of Chicago. For the past ten years be bas teen Associate Professor of Sociology at the University of Illinois, Urbana, Illinois. He retired in 1959. On motion by Mr. Barr seconded by Mr. Campbell, the following was adopted: That the Executive Committee record its approval of the appointment of Messrs, Magill, Lee, Madden, Rodes, McCormack, and Shideler to the faculty of Centre College for the 196o-61 academic year. 23, The President reported that Dr. Robert Bryant, Associate Professor of Philosophy and Religion, has submitted bis resignation,to become effective at the end of the 196o-61 academic year. The President stated that the College now has three permanent positions to be filled prior to the beginning of the 1961-62 year. These positions are in the Departments of Economics, Sociology, and Philosophy and Religion. 24. President Spr&g ns made the following report to the Executive Committee about the Mason K. Knuckles Award and the Art Prize: The College has received from Mrs. Mason K. Knuckles gifts totaling $60,00 for the purpose of establishing an annual award to be kno,m as The Mason K. Knuckles Award. The award is "to be presented annually to themost outstanding student among those ...n the graduating class who have borrowed funds to provide means for their education. In selection of the recipient, consideration shall be given equally to scholarship, moral character, and promise of leadership in life." $50 of Mrs. Knuckles' gift was designated for endowment, and $10 was provided for the 196o award. It is Mrs. Knuckles' intention to enlarge the permanent fund by periodic gifts to the extent that it will provide inves ment earnings sufficient to finance the annual awar. From friends of the late Mrs. Joe Brummett, gifts totaling $505.05 have been received during 1959-6o. The President and faculty recommend that the fund be used to establish The Art Prize in memory of Bobbie Br'.IIIIOOtt. It is recommended that this prizebe offerecr-a.nnually "to the student who makes the greatest progress in the Art Department and whose work in all departments is satisfactory." On motion by Mr. Campbell, seconded by Mr. Lively, the following was adopted: �..: �8 -8A. That the College establish The Mason K. Knuckles Award, and that the award and the gift be administered in accordance with Mrs. Knuckles' request as stated above . B. That the College establish The Art Prize in memory of Bobbie Brunnnett, and that the prize be administered in accord.a.nee with the above recommendation. 25, It was suggested that the College review its policy of accepting p~tzes and awards. It was moved, seconded, and adopted: That the President present to the Board of Trustees his recomnendation for a policy of accepting prizes and awards. 26. President Spragens reported that the College bas entered into a contract with American Chemical Society (on the recommendation of the Petroleum Research Fund Advisory Board) for $7,020.00, covering the period June 1, 196o, to August 31, 1961. The contract provides that our Chemistry Department study "Some Physical Properties of Binary Liquid System", under the direction of Dr. Rush and Dr. Walkup. It was moved, seconded, and adopted: That the Executive Committee record its approval and confirmation of the research contract between the College and the American Chemical Soclety. 27. The President recommended that the College's staff housing regulation be amended to reflect current arrangements. On motion by Mr. Campbell, seconded by Mr. Van Hinkle, the follmring recommendation was adopted: That the trustee action of September 20, 1958, governing the housing on campus of members of the staff be amended as follows: It shall be the policy of the College that the persons occupying the following positions be required to live on the college campus: President of the College, Deen of Women, Dean of Men, Dean of the Chapel, Superintendent of Buildings and Grounds, and all housemothers or head residents of dormitories and fraternity houses. 28. The President then reported on the plans which have been made for the Faculty Conference to be held on September 8, 9, and 10, and for the Freshman Orientation Program which will begin with the arrival of the freshmen on September ll and continue through the 14th. The President reported that a freshman enroll.ment of over 18o is expected this year compared to about 145 last year. 29. President Spragens requested authorization for the appointment of a chief accounting officer and a plant engineer. It was moved, seconded, and adopted: That the President be authorized to appoint a chief accounting officer and a plant engineer at such salaries as may be required to obtain properly qualified persons for these positions. ��9 -9- 30, President Spragens recommended salary increases for certain administrative officers of the College . It \las moved, seconded, and adopted: That effective September l, 196o, the annual salary of the following administrative personnel be established as follows: John Frazer, General Secretary - $6,500 Robert Ensminger, Alumni Secretary - $6,000 Brice Leech, Director of Admissions - $5,100 Violetta Shearer, Registrar - $3,6oO Edward M. Rall, Treasurer and Business Manager - $10,000 31, President Spragens reported on the progress of final plans and spe•'i ~ications for the new housing and dining facilities. He stated that the n:=-chitects were of the opinion that construction could be completed in about 14 months, so the new buildings would be ready for occupancy about January 1, 1962. The President stated that bids on the projects will be solicited in three combinations: (1) a bid on the three fraternity residences, (2) a bid on the women's residences and dining hall, and (3) a bid on the total project. President Spragens recommended that final plans and specifications for the construction projects be submitted to contractors for bids as soon as possible. On motion by Mr. Campbell, seconded by Mr. Van Hinkle, the Executive Committee approved the following recommendation: That the College invite bids on Augus 29, 196o, or the earliest possible date, for the construction of its planned housing and dining facilities; that the College make such changes in the plans and specifications, while out for bids, as it deems nPcessary by means of addenda; and that the College receive bids on the projects by September 21,196o. 32. Mr. Lively reported on the progress of legal procedures pertaining to the College's Federal loan and on the City's progress in abandoning that portion of Seventh Street adjacent to College property. The Secretary then presented to the Committee a proposed Loan Agreement dated as of July 1, 196o, between Centre College of Kentucky, as borrower, and the United States of America, acting by and through the Housing and Home Finance Administrator, as lender, consisting of five pages, together with Exhibit "A'' thereto consisting of four pages, and a docUlllent entitled "Terms and Conditions" constituting a part of the Loan Agreement and consisting of eight pages, with respect to the application of Centre College of Kentucky for a loan of One Million Seven Hundred Thirteen Thousand Dollars ($1,713,000.00). Af er discussion, on motion of Mr. Barr, seconded by Mr. Campbell, the following resolution was unanimously adopted by the affirmative voe of all the Trustees present: "RESOLVED that this Commit ee approve the Loan Agreement with exhibits as presented by the Secretary and that E.G. Sutcliffe, as Vice Chairman of the Board of Trustees, and Thomas A. Spragens, as President of the College, be authorized and directed to execute this loan Agreement on behalf of Centre College of ��10 -10Kentucky and that Pierce Lively, as Secretary, be authorized and directed to attest their signatures." 33, President Spragens then recommended that arrangements be made for proceeding with the site work in the Seventh Street area that will not be included in the construction contract for the women's residences. On motion Ly Mr. Lively, seconded by Mr. Van Winkle, the Executive Committee adopted the following: That the Construction Committee be authorized to proceed with site work arrangements in the Seventh Street area for the relocation of gas, water, sewer, and electric services from the present Seventh Street to the new Seventh Street location, and to proceed with a contract for the relocation of the utility services and the construction of new Seventh Street. 34. On motion by Mr. Lively, seconded by Miss Cheek, the fol.lowing va.s adopted: That the College appoint the firm of Grafton and Fleischer, Louisville, Kentucky, to serve as Bond Counsel in handling its loan arrangements with the Housing and Home Finance Agency. 35, adopted: On motion by Mr. Lively, seconded by Miss Cheek, the following was That the College appoint The Kentucky Trust Company, Louisville, Kentucky, to serve as Trustee for the Centre College Housing and Dining Hall Bond Issue of 196o. 36. It was agreed that the members of the Construction Committee should attend the bid opening in Louisville at 3:00 p.m., September 21. 37, The next meeting of the Executive Committee will be at the call of the Chairman. On motion the meeting was adjourned by Chairman Sutcliffe at 1:00 p.m. Respectfully submitted, PIERCE LIVELY Secretary ��■ 11 Minutes of the meeting of the Executive Committee of the Board of Trustees of Centre College of K ntucky held at Centre College, October 21, 1960. The meeting convened at 2:00 p.m. in the Conference Room of Old Centre. Present were Vice Chairman Sutcliffe, Miss Cheek, Messrs.Armstrong, Baker, L. Caldwell, H.P. Caldwell, Campbell, Lively, Martin, Van Winkle, and President Spragens. 1. The meeting was opened with a prayer by President Spragens. 2. Chairman Sutcliffe welcomed Mr. Boyce Martin to membership on the Executive Committee. 3, On motion by Mr. Lively, seconded by Mr. Campbell, the Committee approved the minutes of the August 25, 196o, meeting of the Executive Committee as previously circulated and the reading thereof was waived. 4. Mr. Baker, chairman of the Development Committee, reported on the progress of the capital gift campaign. Mr. Baker stated that gifts, pledges, and stated gift intentions to date totaled in excess of $300,000. He reported that the Leadership Gifts Committee recently held a planning meeting in Louisville, and stated that phase of the campaign would soon be underway. It was also stated that the campaign brochures were now being printed and would be available within a few days. Mr. Baker further reported that consideration is being given to the organization of a national committee, composed of Centre alumni, for the purpose of assisting bis Committee in identifying those foundations, corporations, and individuals throughout the nation that may be potential donors to the Centre campaign. President Spragens reported that the Centre faculty has organized for a campaign among themselves. Speaking from experience of previous campaigns, Mr. Logan Caldwell counselled against an organized student solicitation on the basis that their payment record is poor and that there are indications that a certain amount of 111 will toward the College is created. 5. President Spragens reported on the status of the construction program for the residences and dining hall, Financial data was presented for the comparison of prior cost estimates to present cost estimates. The reports showed that the construction bid exceeded construction estimates by approximately $233,000. The low bid, submitted by the Trammel Construction Company, Bristol, Tennessee, was $1,825,000; the estimated construction cost was $1,591,300. Mr. Campbell reported that the Construction Committee held a meeting in Louisville on October 11, 196o. He stated that the Committee reviewed a number of possible deductive alternates which the architects had presented for the Committee's consideration. Mr. Campbell stated that after discussing the deductive alternates with the contractor, who was invited to attend the meeting, the committee was agreed that certain deductive alternates, which ��■ 1 -2- would rlot significally affect the quality or character of the buildings, be accepted. He further reported that the Committee suggested that an effort be made to further reduce construction costs, by getting a redetermination of the minimum wage rates which had been set for the project. Mr. Lively and President Spragens reported that affidavits of prevailing wage rates in Danville, which are considerably lower than the minimum rates set for the project, have been prepared and forwarded to Washington. On motion by Mr. Campbell, seconded by Mr. Baker, the following recommendation of the Construction Committee was approved: That certain deductions of approximately $100,000 from the construction bid be accepted; that no firm commitment on the bid be made pending a final wage rate determination; and that the Construction Committee review the total bid proposal and report to the Executive Committee before signing the contract for construction. 6. Reporting on the progress of the Student Center, President Spragens stated that the plans were approximately 8a:/o completed at this time, and it is estimated that completed plans will be available in three or four weeks. The architect's construction cost estimate is $215,000; additionaJ. costs will be laf, for architect's fees, and about $35,000 - $40,000 for furnishings and equipment. 7, President Spragens reported that funds available or in clear prospect now total about $2,216,000 toward the estimated requirement of about $2,612,000 for construction of the residences, dining hall, and student center, and for expenses of the development program. The final distribution of the LeCompte Davis bequest of $35,000, together with indicated gifts of about $50,000 from a foundation and a corporation, represent prospective additions to funds presently available. On motion by Mr. Lively, seconded by Mr. Baker, the following was adopted: That the Executive Connnittee recommend to the Board of Trustees that approval be given to proceed with the program for construction of the residences, dining hall, and student center, in confidence that the capital gifts campaign will raise the balance of the funds needed, and recognizing that temporary borrowing may be required pending the actual receipt of campaign gifts. 8. President Spragens reported that the Board had previously approved an increase in charges for the 1961-62 school year from $220 to $270 for room rent and from $430 to $450 for board. The President recormnended that the charge for room in new facilities be set at $270 and at $250 for existing facilities. He further recommended �1J • �13 -3 an increase in tuition of $100 for 1961-62 and an additional $100 increa se for 1962-63 . On motion by Mr . Armstrong, seconded. by Mr. Martin, the following recommendati on of the Bresident was adopted : That t uition and fees be established for the College in accordance with the following schedule: Tuition General Fee Room Board Total 1961-62 $ 900 50 250 - 270 250 450 $1-,6.5_ -$1-,6- -0 $1,750 . . 0.....,.- , 7 1962-63 $1, 000 50 - 270 450 -$1, 770 9. President Spragens reported that the College has been exempted from the payment of the State sales tax on all purchases except utilities. It was agreed that the College pay the tax on utilities , under protest, and refrain from taking further legal action on that tax at the present time . 10. The President reported that the College had been approached with a proposal for the rezoning of Maple Avenue , between Main Street and Walnut Street, to permit the construction of a motel . On motion by Mr . Baker, seconded by Miss Cheek, the following was adopted: That the Executive Committee doe~ not deem it to be advisable for the College to commit itself in advance on the proposal to rezone the Maple Avenue area west of the main campus. 11 . President Spragens recommended that the College be authorized to make a mortgage loan to Professor Steere Without the requirement that he carry mortgage insurance on the property. On motion by Mr. Lively, seconded by Mr. H. P. Calduell, the following was adopted: That the College be authorized to make a mortgage loan to Professor Steere for $12,000, at 5~ interest for a period of ten years. 12 , President Spragens reported that a qualified person is available for appointment o the position of chief accounting officer for the College. On motion by Mr. Armstrong, seconded by Mr. Baker, the following recommendation of the President was approved: That Mr. Lawrence Hollander be appointed Controller and Assistant Treasurer of the College, at he annual salary of $7,200, effective November 15, 196o 13 . President Spragens reported that Harold Snedeker of Baldwin, New York, currently enrolled in the College, has contrac ed Tuberculosis ��■ 14 -4and has withdrawn from the College. financial need was acute . He indicated that Mr . Snedeker ' s On motion by Mr. Campbell, seconded by Mr. Armstrong, the following recommendation of the President was approved : That the President be authorized at his discretion to refund to Harold Snedeker all payments of tuition and fees which he has made to the College during the current academic year. 14. The next meeting of the Executive Committee will be at the call of the Chairman . On motion the meeting was adjourned by Chairman Sutcliffe at 5:15 p . m. Respectfully PIERCE L!VEtY Secretary submitted ��Minutes of the meeting of the Board of Trustees of Centre College of Kentucky held at Centre College, Danville, Kentucky, October 22, 196o. The Board of Trustees of Centre College of Kentucky convened in its regular Fall meeting, on the campus of the College, at Danville, Kentucky, on October 22, 196o, at the hour of 10100 A.M., Eastern standard Time, pursuant to notice given each member of the Board by the Secretary more than 10 days in advance, as provided in the By-Laws, The invocation was by Reverend Arthur Hall. The Vice Chairman of the Board, Elbert Gary Sutcliffe, was in the Chair presiding, and upon call of the roll the following members were recorded as present: \liss Cheek, Miss Yerkes, Mrs. Chaney, Messrs. Tate, Armstrong, L. Caldwell, Nichols, Newlin, W. P. Caldwell, Van Winkle, Blazer, Van Antwerp, Campbell, Baker, Hall, Rogers, Price, Martin, Lively and Sutcliffe and Trustee-Emeritus Nevin. The following were absent: Barr, Boles and Frank Caldwell. Dr. Thomas A. Spragens, President of the College, was also present. It having been determined that a quorum was present for the transaction of business, the Vice Chairman of the Board called the meeting to order. 2. The oath of office as Trustee of Centre College was administered to Miss Cheek and Mr. Martin, and they were formally welcomed to membership on the Board by the Chairman. 3, On a motion by Mr. Logan Caldwell, seconded by Mr. Lively, the minutes of the June 4, 196o,meeting of the Board of Trustees, and the minutes of the August 25, 1960, meeting of the Executive Committee, were approved as previously circulated and the reading thereof was waived. 4. In memory of Mr. Ike Lanier, the Board of Trustees adopted the following resolution and requested that it be spread on the minutes, and that an inscribed copy be sent to Mrs. Lanier: In Memoriam Ike Lanier The Board of Trustees of Centre College lost a wise and noble leader on June 18, 1960, when death claimed our beloved chairman, Ike Lanier. Ike Lanier served Centre College wi h unyielding loyalty for twentythree years as a trus ee and for seven years as chairman of the trustees. During bis years of service, Centre went through periods of unusual trial and stress occasioned by the world's most massive war and its aftermath. Under his perceptive guidance the truste s successfully met every challenge to the security of the College and ultimately launched it on a program of major development in every aspect of its work, providing Centre's ringing response to the rising national call for excellence in education. In the exercise of his responsibilities, Mr. Lanier combined vision with patience, and the conviction of his own judgments with generous regard 15 ��16 -2- for the views of his colleagues. Under his leadership effective decisions were reached with greater harmony than human differences would normally allow. We shall long remember his gentle good humor , his faithfulness to duty, his appreciation of his friends, and his abiding love for Centre College . Knowing him has been our high privilege. Working with him has been our pleasure . We share deeply the loss sustained most grievously by his wife and daughter, toward whom his affection was so clear and strong. His memory re mains sweet among us and his spirit will abide in our work . PIERCE LIVELY / Secretary s/ 5. The Auditor's Report for the fiscal year ending July 31, 1960, which had been previously circulated to the members of the Board of Trustees, was accepted and ordered placed on file . 6. In a letter, dated August 17, 196o, to the members of the Board of Trustees, Chairman Sutcliffe suggested that Article V of the Bylaws of the Board of Trustees be revised to provide a separate Committee on Finance and a separate Committee on Development to replace the Committee on Finance and Development, and that the Committee on Athletics and the Committee on Fraternities be consolidated into a single Committee on Student Affairs. On motion by ~1r. Van Antwerp, seconded by Mr. Rogers, the Board of Trustees unanimously adopted the following: Whereas written notice of a proposed amendment to the Bylaws has been given together with the notice of meeting at least ten days prior to this meeting, that Article V of the Bylaws of the Board of Trustees of Centre College of Kentucky be amended to read, in its entirety, as follows: ARTICLE V Other Committees of the Board of Trustees l. Standing committees of the Board of Trustees shall include the following: Committee Committee Committee Committee Committee Committee Committee Committee Committee on on on on on on on on on Academic Affairs Buildings and Grounds Development Finance Honorary Degrees Investments Student Affairs Homen's Division Nominations and such other committees as the Board may from time to time create. 2. The Board of Trustees may also create special committees from time to time for specific purposes assigned by the Board. ��-3 3, Members of standing and special committees shall be appointed by the Chairman unless otherwise specifically provided by these Bylaws or by action of the Board . 4. The Committee on Academic Affairs will advise with the President about all major matters regarding academic policy, the curriculum,and the faculty. 5, The Committee on Buildings and Grounds will advise with the President and his administrative staff regarding the maintenance and repair of the physical plant and grounds of the College . The Committee shall periodically review and make recommendations to the Board regarding the insurance coverage for buildings and equipment of the College . 6. The Committee on Development will advise with the President on all matters of planning for the enlargement of the capital resources of the College . The Committee shall develop in consultation with the President a comprehensive evaluation of capital needs, and shall be responsible to see that plans for the realization of such needs are developed and carried through. 7, The Committee on Finance will advise with the President on all matters of financial management and policy. It shall carefully examine the financial condition of the College at least annually, It shall review the annual budget proposals of the President and make appropriate recommendations for the adoption of the annual budget to the Board of Trustees. 8. The Committee on Honorary Degrees shall assist the President in proposing nominees to receive honorary degrees from the College. It shall receive through the President recommendations from the faculty. It shall investigate all names proposed. No nominee for an honorary degree shall be recommended to the Board without a formal vote of this committee. 9. The Committee on Investments shall have responsibility for the oversight and management of the endowment funds of the College and of all other funds that may be available for investment from time to time. It shall make annually a full report to the Board of Trustees of all securities held by the College and of their value. 10. The Committee on Student Affairs will advise with the President on all matters of extracurricular student life, including intercollegiate athletics. 11. The Committee on the Women's Division shall advise with the President on matters especially affecting he women's division, Kentucky College for Women, and concerning matters of policy of the College on education for women . 12. The Committee on Nominations shall make nominations to the Board of Trustees for filling all vacancies in the membership of the Board and for the election of officers of the Board. 13, Persons other than members of the Board of Trustees may be appointed to serve on any committee of the Board other than the Executive Committee. 17 ��•---1.8 -414 . The President of t he College shall be an ex offi cio member standing committees . ot all 7. President Spragens reported t hat 190 freshmen wer e enrolled this year, and that total enr ollment of full-time students was 464 - the l argest number since the few years immediately following World War II . To accommodate this increased enrollment, the President reported that the College had provided temporary residence facilities for 18 men i n Hill crest on the men's campus and for 12 women in the McGoodwin House on the women ' s campus . The President reported that the admissions standards of the current freshman class show a further increase over previous classes, as measured by college entrance examinations and other prediction indices . 8. Mr . Baker, Chairman of the Con:nnittee on Development, reported on the progress of the capital funds campaign . Mr. Baker stated that sub-con:nnittee organization for the several areas of campaign emphasis has developed satisfactorily . He reported that the major brochure for the campaign now is being printed, and that 8,000 copies will be delivered about November 1 . Mr. Baker reported that his con:nnittee is planning a dinner meeting on November 10 for the purpose of beginning the solicitation of leadership gifts in the Louisville area . The dinner will be held in the Brown Hotel. The Reverend Clem Bininger, a Centre alunmus, has been invited to deliver the major address . Mr . Baker also reported that commitments to the development program have been made by members of the Board of Trustees for a total of more than $300,000. 9 . ?-1r. Lively, Secretary of the Board, reported on the October 21,196o, meeting of the Executive Comnittee . The Secretary reported that the Executive Con:nnittee took the following ac ions: a. approved the Construction Con:nnittee's recommendation that deductions of about $100,000 from the construction bid for housing and dining facilities be accepted, but that no final commitment be made pending a final wage rate determination . b. Approved an increase in tuition, room, and board charges for 1961-62, and an additional tuition increase for 1962-63 . (See schedule below) c. Agreed that the College should not commit itself in advance on a proposal to rezone the Maple Avenue area west of he main campus . d . Agreed that the College should pay, under protest, the sales tax on utilities . e . Approved a mortgage loan to Professor Steere. f. Approved the appointment of Lawrence Hollander as Controller and Assistant Treasurer . g . Authorized the President to refund he tuition and fees paid by a student who has withdrawn from the College due to illness. Mr. Lively reported that the Executive Committee adopted the following recommendation for presentation to the Board of Trustees , and on motion by ��-5Mr. Blazer; seconded by Miss Cheek, the Board of Trustees unanimously approved the recoml?lendation, That the Board of Trustees give its approval to proceed with the program for construction of the residence, dining hall, and student center, in confidence that the capital gifts campaign will raise the balance of the funds needed, and recognizing that temporary borrowing may be required pending the actual receipt of campaign gifts. On motion by Mr. Lively, seconded by Mr. Logan Caldwell, the Board unanimously adopted the following: That the Board of Trustees record its approval of the following schedule of tuition and fees: Tuition General Fee Room Board 1061-62 1962-63 $ 900 $1,000 50 50 250-270 250-270 450 450 $1,65-0--1-,67-0 $1,750-1,770 ..... 10. The Secretary then stated that under the by-laws it was proper to elect a Chairman of the Board of Trustees at this time, and the Acting Chairman asked that Trustee Newlin receive nominations for the office of Chairman. Thereupon, Mr. Logan Caldwell placed in nomination the name of Elbert Gary Sutcliffe to be Chairman of the Board of Trustees of Centre College of Kentucky. There being no other nominations, it was then ooved by Mr. Baker and seconded by Mr. Campbell t hat Mr. Sutcliffe be elected by acclamation; and this resolution was unanimously adopted by the affirmative votes of all the Trustee s present except Mr, Sutcliff who did not vote. 11, Mr. Logan Caldwell then placed in nomination for the office of Vice-Chairman of the Board of Trustees of Centre College of Kentucky the name of Mr. T. Hunton Rogers. There being no further nominations, it was moved by Mr. Lively and seconded by Mr. Van Antwerp that Mr. Rogers be declared Vice-Chairman by acclamation. This resolution was unanimously adopted by the affirmative votes of all Trustees present except Mr. Rogers, who did not vote. 12. The President of the College advised the members of the Board that upon the authority as shown by the minutes of the meeting of the Executive Committee held August 25, 196o, he and the Vice-Chairman and Secretary of the Board had executed on behalf of the College a Loan Agreement, dated as of July 1, 196o, identified as "Project No, CH-KY-37 (DS)" between Centre College of Kentucky, as borrower, and the United States of America acting through Housing and Home Finance Administrator, as lender, with respect to the application of Centre College of Kentucky for a loan of $1,713,000.00. The Agreement resulted from negotiations initiated on behalf of the College for the construction of two dormitories to house approximately 176 women students; three dormitories to house approximately 156 men students; and a dining hall 9 ��-6to accommodate approximately 550 persons; all with necessary appurtenant facilities. He further explained that the estimated total cost of the project was $1,745,000.00 and that the College would have to put up the $32,000.00 representing the difference in the cost aodthe loan proceeds prior to delivery of the Bonds. Omitting legal and technical details relating to dates of maturity, redemption provisions, registrability, alternate places of payment of principal and interest and the like, he read the'Loan Agreement" to the Board, and stated that the complete "Trust Indenture," together with a formal resolution authorizing the Bonds, authorizing execution of the "Trust Indenture," providing for offering the Bonds at an advertised, public sale, delegating to the Executive Committee the power to receive bids and take action thereon, and establishing rental rates and proper policy rules for the new housing and dining facilities would be tendered for examination and adoption later in the meeting, but suggested it would be in order to discuss the "Loan Agreement>" and consider at this time ratification of the terms and conditions and the Executive Committee's action authorizing the execution thereof. The President further reported that it is a standard requirement of Housing and Home Finance Agency in all such cases that the College undertake to provide to Housing and Home Finance Agency or to any other purchaser or purchasers of such Bonds an approving legal opinion of nationally known municipal bond attorneys, whose opinions in such matters are known to be acceptable to investors generally; and that by reason of the specialized and technical nature of such work it has been found to be virtually indispensable that such lawyers be employed to examine the Articles of Incorporation, By-Laws, title evidence, and surveys, and to prepare the Trust Indenture and all material corporate proceedings relating to the authorization, sale, execution, and delivery of the Bonds. He reported that Grafton & Flei er, of Louisville, Kentucky, qualified in this respect and acceptable to HHFA had been consulted and had quoted a fee comparable to that charged for their work in other similar cases, the same being a basic fee of $1,500.00 plus $1.00 for each $1,000.00 of the bond issue ma.king a otal of $3,213.00. He reported said attorneys bad been directed to proceed and that the firm had in fact completed the greater part of the work involved, in that all of its preliminary investigations and reports had been made, the Trust Indenture had been drafted in accordance with the form approved by Atlanta Regional Counsel of Housing and Home Finance Agency, and the same had been mimeographed and woul be submitted to this Board for consideration and approval during the course of this meeting. The Presiden stated that in addition to employment of said attorneys, the College would be obliged to incur expenses for causing the Bond or Bonds to be prepared according to rigid Government specifications, advertising the sale of the Bonds in The Courier-Journal, Louisville, Kentucky, ant.Lin The Bond Buyer, New York, New York, as well as telephone and other incidental expenses which might be estimated roughly in the neighborhood of $1,000.00. Board Member Campbell then introduced, caused to be read, and moved adoption of a Resolution, as follows: RESOLVED that the Loan Agreement executed under date of July 1, 1960, by and between Centre College of Kentucky and the United States of America, relating in general terms to the financing of the said Project on the campus of the College, 20 ��-7identified by Housing and Home Finance Agency as its "Project No . CH- KY-37 (DS)" and the authorization of the execution thereof by the Executive Committee action of August 25, 196o, be and they are hereby approved and ratifi ed with all details, terms, and provisions ; and that the Secretary of thi s Board is directed to preserve an executed copy of said Loan Agree ment as a permanent record of this Board, but without copying the same at length into the minutes of this meeting; and RESOLVED , FURI'EE13' that the action of the officers of this Board and of the College in employing the Louisville law firm of Grafton & Fleischer to serve as Bond Counsel to the College in the manner summarized and described by the President be, and it is hereby approved, ratified and confirmed . The motion for the adoption of said I esolution was seconded by Board Member Logan Caldwell. After full discussion the Chairman put the question and the Resolution was unanimously carried . 13 . Board Member Van Antwerp then introduced, caused to be read, and moved immediate adoption of a Resolution, as follows: A RESOLUTION OF THE BOARD OF TRUSTEES OF CENTRE COLLEGE OF KENTUCKY AUTHORIZING THE IS3UANCE, SALE, AND DELIVERY OF $1,7 3, 000 . 00 PRINCIPAL AM!:XJNT OF ITS "CENTRE COLLEG E HOUSING AND DINING HALL BONDS OF 196o . " TO PROVIDE THE COSTS (NOT OTHEn',lISE PROVIDED) OF THAT CERTAIN PROJECT ON THE CAMRJs OF THE COLLEGE YHICH IS IDENTIFIED BY HOUSING AND HOME FINANCE AGENCY AS ITS "PROJECT NO. CH-KY - 37 (DS)," AND AUTHOHIZING T1IE EXECUTION OF A TRUST INDENTURE WITH THE KENTUCKY TRUST COMPANY AS TRUSTEE, CREATING SECURITY 1 IGHTS AS THEilEIN SET FORTH, The complete form of the Trust Ihdenture, as executed on behalf of the College, consisting of PART ONE (in 46 pages numbered la to 46a, inclusive), and PART T".~ (in 73 pages numbered l to 73 inclusive), is on file in the O office of the President. The motion for the adoption of the foregoing Resolution (the form of the proposed "Trust Indenture" being embodied therein in full) was seconded by Board Member Van :-linkle. After full discussion, the Chairman put the question and the Resolution was unanimously carried . Thereupon it was signed as provided at the end thereof by the Chairman and Vice Chairman of the Board of Trustees, the seal was affixed, and attested by the Secretary of the Board, and the Resolution was declared to be in full force and effect . 14 . Chairman Sutcliffe requested approval by the Board of Trustees of his appointment of Vice Chairman Rogers to membership on the Executive Committee. On motion by Mr . Logan Caldwell, seconded by Mr. Van Winkle, the Board of Trustees unanimously approved the appointment of Mr. Rogers to the Executive Committee . 15 . President Spragens reported that be had been asked to present to the Board a request that consideration be given for the preservation of the Fry House, now being used as a fraternity residence, for use as an alumni house and garden . 2 ��22 -8On motion by Mr . Armstrong, seconded by Mr. Baker, the Board adopted the following: That the request for the preservation of the Fry House for use as an alumni house and garden be referred to the Committee on Buildings and Grounds for its study and recommendation. 16. On motion by Mr. Campbell, seconded by Mr. Armstrong, the Board adopted the following: That the President be authorized to commission an artist to paint a portrait of Ike Lanier for the College. 17. The next meeting of the Board of Trustees was set for March 25,1961 There being no further business before the meeting, on motion and vote it was duly adjourned. (s) (s) (s) Pierce Lively Secretary, Board of Trustees Elbert Gary Sutcliffe Chairman of the Board of Trustees Elbert Gary Sutcliffe Vice Chairma.n,Board of Trustees ��EXCERPTS FROM THE MINUTES OF THE ANNU/\L MEETING OF THE BOARD OF TRUSTEES OF CENTRE COLLEGE OF KENTUCKY, HELD ON OCTOBER 22 1 1960 The Board of Trust s of Centr in its regular Fall Meeting, on th of Kentucky convened campus of the College, at Danville, Kentucky, on October 22, 1960, at th Standard Tim, pursuant to notic Colleg hour of 10:00 A.M., East rn given e ch rnemb r of the Board by the Secretary more than 10 days in advanc , as prov1ded in the By-Laws. The invo a tion was by --+5_:e.__u ._t]..,._r_tb u r_...___l_______ _ ............. tf: l was in the Ch ir presiding, and upon c 11 of th roll the following ~i;....;;;...;....;,,..:_....::;::..;.i:..~-~;...:.;;...:..,;_.;;..,,;.--f,-~~~~~~~4-,..;..;.-,1:..+-,-:--~~ol.....:::J__.') I(!., The following absent: Dr. Thomas A. Spr gens, Pr s1d nt of th College, was also present. Ith ving be n det rrnined th ta quorum was present for th transaction of busin ss, th Vic e Chairman of the Bo rd call d th meeting to order. * * * * * ��■ 24 The po l ct r to nd th ecret ry th n t ted t th h ir cti n tion of ic o b ir w 11 pl c din no in tion th h ir tuc. y. r. er otb r con d d tion; dopt d by the ir1 r . Sutcliffe r. Lo l tiv th r o furth r omin tion r. V 11 f r tiv did not vot of ' t er hi tion. V . to n- te it r. f 11 e ously un u to pr 6 ll 0 0 . r. ov n no in tion for th d C Hunto 11 ly Li l tcd y nt C ol- Th re bein 0 1 . by d tr 0 ni o r of ut l r. y oved ho did not vot . tucky then by u c if of ro ol t o votes of e, ld- ten pb 11th t n pl 0 r r. Lo t nd thi n Vice-Ch 0 oiv 1· lb rt G ry IlO t t thi u on, e of r . C y 1 ct d by of i ru tees ntr b i it e lin n of T exc pt o rd of 1. n by-la der th t t f r th t n ice-Cha do te pt r. econd d a.n b by th , , lo ��■ Th P sid nt of th Coll ge dvised them mbera of th that upon th • uthority as shown by th Ex cutiv Committ m ut s of th h ld August 25, 1960, h and Sert ry of the Bo rd had and th Board m ting of the Vice• Chairman xecut don b half of th College a Loa. Agreement, dated as of July 1, 1960, id ntifi d as "Project No. CH-KY-37(0S)" betwe n Centre Colleg and th Unit d States of Finance Administrator, Centre Coll g fun of K ntucky, as borrow r, rica, acting through Housing and Home s 1 nd r, with r sp ct to the application of of K ntucky for loan of $1,713,000.00. The f..gr ment r sult d fr om negoti tions ini i t don b half of the College for the construction of two dormitori s to hous women students; thre dormitori s to hous stud nts ; and a dining h 11 t o ccommodat approximately 176 approximately 156 men approximately 550 persons; all with n~cessary appurt n nt f cilities. He further explai ned that the estimated total cost of the project was $1,745,000.00 th• ~3 2,000.00 r pres n i procee s prio cal nd th t the Coll g the l"ff re c to delivery of th Bonds. wou ld hav nth cost and the loan Omit ing l gal nd t chni• e a ils r 1 t ng to dates o f ma urity, r demption prov sions, re istrability, lt~rn te pl ccs of paym n ·md th~ likl!, h rl:!ad th~ "Lo.:in f..gn.. ement" to th tha to put up h compl t of principal and int r st Board, and s t d "T ust Indentur ," tog th r with a formal r solu ion - 3 - ��■ 2C authorizing th e Bonds, authorizing ex cution of the "Trust I o d ntu re," providing for of f e ring the Bonds a t an advertised, public sale, deleg ting t o the Executive Comm itt e the pow r tor c v e bids and take action th r eon, and e stablishing r ental rat es and proper policy rules for the new housing and dining faciliti es would bet ndered for examinati on and adoption lat ~r in the me ting , but sugg sted it would be in orde r t o discuss th e "Loan Agreement," and consider at this time ratific a tion of the t e rms and conditions a nd the Ex cutive Committee 's action authorizing the ex ecuticn there o f. The Pres iden t furth e r r ported that it is a standard requirement of Housing and Home Finance Agency in all such cases that the Coll eg und e rt a ke to provide t o Housing and Home Financ ,\g ncy or to any othe r purchaser or purchase rs of such Bonds an approving 1 gal opinion of nationally known municipal bond attorn ys, whose opinions in such matters a r e known to b acceptable to inv stors gen rally; and tha t by reason o f the speci 1·z e d and t ec hnical nature of such work it has been found t o be virtually indisp ensable that such lawyers be employed to exami ne th e Artic l ~s of Inc orp oration, By-Laws, titl e evidcnc L, and surveys, and t o prepare the Trust Indentur 11 material corporate proceedings r el ting to the sale, ~xec ution , and deliv~ry of thL Bonds. uthoriz tion, He r~por e d that Grafton & Fl~ischer, of Louisville, Kentucky, qu lifi din this - 4 - and ��■ 27 r~sp~ct, and f~~ ccLptabl~ to HHFA h3d b en consult d nd had quot d a compara 1~ t o th at charg~d for their work in other similar c ses, th ~ sam ... b~ing a basic f~e of $1,500.00 plus $1.00 fore ch $1,000.00 of th ~ bond issu making total of $3,213 00. q t rne ys had b"'1..;n di.r ,c t....:d comp 1~t12d th He r eport d said nd th at the f rm had in fact o procc~d g ... a t r pnrt of the work invo lv~d , in th t pr ~liminary inv~s tigati ons ::md r~ports had bc•n mad , th Ind1..;ntur1..; had be Li t 1 nt dr ft 1:.d in acco rd nc R~gi0nal Couns1..;l of Hous ing same h d b-=!en mim og r phed consideration arm approved by Home Fin ne e Ag'ncy, and thl..; n h course o f this m~ ing. Th dditi on to --mployrnent of s id attorn ys, th~ Coll g1..; would b~ obl i g, or Bonds t Trust nd would be submit t d t o this Boa rd for nd approval during Pr sidcnt stat..!d that in with th e:: 11 of its to incur ~xp ns s f or c using th 0 Bond be pr~par•d accord ng t o rigid Governm nt sp cifications, dvcrtising th1..; sal~ of the Bonds in Th~ Couri r-Journ 1, Lou1sv1ll Kentucky, an t ~l "'phone in Th~ Bond Buy~r, New Yc rk , w York, nd ot h~r incident~l exp~ns~s which might s w 11 as c ~s tim t d roughly in the n~ighborhoo<l of $1,000.00. Bo <1rd M'-'mb-.: Ca. 01 vt1J ee j/ c used to b ... r ~ d, and moved ~dopt on of - s - then in roduc d, Resolution, f ol lows· ��RESOLVED that th0 Loan/\ r ~ml...!nt ex cut d under dat .... of July 1, 1960, by and bLtw0~n Cen rL Coll g of Ken ucky n the United St~tes of ,i\m~rica, r0l ting in g .... n1...ral t .... nns to th1... fin-n ing of the said ProJ ct on th~ c~mpus thL Collcgl...!, idl...!ntifi~d by Housing and Hom._ Financ .... ,~1...ncy s i s 'Project No. CH-KY-37 (DS) 11 and th._ authoriz3ti0n of th~ execution ther of by the Ex .... cutiv' Comm·ttLI...! action of August 25, 1960, b and th .... y ar~ hl...!reby -pprov'd an ratifi d with all details, t .... rms, :md provisions; nd th- t th'"' Secret ry of this Board is dir~cted to pr~serv n xccuted copy of said L01n ~grecm . . nt as a p€rmqn0nt record of this oard, but without copying th2 sam~ t l~ngth into the minut s of this m.... 1...ting, and RESOLVED, FURTHER, th t th e ~c ion o the offic rs of this Doard nd of th~ College in rnploying th Louisvill . . law firm of Gr1fton & Fl,ische to SLrv .... as Bond Couns 1 to h Collcg . . in thL! mann r summariz~d nd dcscrib~d by the Prcsiden bL:, nd it is h~reby approv d, ratified and con irMcl. Th~ motion for th1... adoption of sa·d Resolution was seconded f Chairm n pu i th~ quL!stion .:md thl! R solution was unanimously carried. * B ,3rd M1.2mbcr o be r ad, r full discussion, th * * * * Vt( nd movL:d immecli t ,'r then introducL:d, caus~d option of I RESOLUTION OF THE DO,RD O R solu ion, as follows: TRUSTEES OF CENTRE COLLEGE OF KENTUCKY AUTHORIZING THE ISSUANCE, S,"\LE, AND DELIVERY OF $1,713,000.00 PRINCIP/,L AMOUNT OF ITS "CENT E COLL GE HOUSING !.ND DINING H/\ L BOtIDS OF 1960," TO ROVIDE THE CO:::>TS (NOT OTHERWISE PROVIDED) OF TH/\T CERTAIN PROJECT ON THE C/\t-'tPUS OF THE COLLEGE WHICH IS IDENTIFIED BY HOUSlr G ,\ND HOME FIN, NCE , GENCY t\S ITS "PROJECT l~O. CH-KY-37 (DS)," /11\ID , UTHORIZING THE EXECUTION OF I\ TRUST INDE1'1TURE WITH THE KENTUCKY TRUST COMP. NY S TRUSTEE, CRE/TING SECURITY RIGHTS t,S THEREIN SET FOR' H. - 6 - • ��WHEREAS, Centre College of Kentucky has not heretofore been provided with ad quate s udent di 1ing facilities and dormitories for the housing of its students; and WHEREAS, th Board of Trustees has heretofore authorized the construction on the campus of the College of tw women's dormi- tories to house approximately 176 students, three men's dormitories to house approximately 156 studencs and a dining hall to accommodate approximately 550 persons, with appurtenant facilities, the whole thereof being the "Project," and it is necessary the Board of Trustees now authorize and desirable that he borroving of One Million Seven Hundred Thirteen Thousand Dollars ($1,713,000.00) to pay the costs thereof to the extent not otherwise available; the d positing of $32,000.00 u, the "Construction Account" referred to Trust Indenture prior to delivery of the Bond o n the Bonds; the pledging of unrestricted and unencumbered direct obligations of the United Sates of Ameri~a or securities listed on the ~ew York Stock Exchange to the to al market value se and uthorizing the exe ution o out in the Trust Ind nture· a T ust Indenture (in form sub- stantially as hereinafter set for h) w th Th Louisville, Kentu ky, as Trus e , toge her with pledges o revenues LO er l<entucky Trust Company, tea first mortga e 1 or the payment o the in ercst thereon, all in accordance with the afo - 7 - n, such Bonds, and men ion d ��30 "Loan Agreement" heretofore executed on behalf of the Col l ege wi th the Housing and Home Finance Agency of the United States Government ; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF CENTRE COLLEGE OF KENTUCKY, AS FOLLOWS: Section 1. The determination, heretofore made and dec l ared, is hereby reaffirmed, that the proper accommodation of the students of Centre College of Kentucky requires the construction and comp l etion of the "Project," hereinabove identified, which Project is s i tuated upon the sites particularly described in the form of " Trust Indenture," hereinafter se t forth. Section 2. In order to provide for the payment of the costs of the Project (except as otherwise provided) there are hereby authorized and ordered to be issued, in the name and on behalf of Centre Colleg of Kentucky its "Centre College Housing and Dining Hall Bonds of 1960," dated October 1, 1960, in rhe principal amount of One Million Seven Hundred Thirteen Thousand Dollars ($1,713,000.00) consisting (except as in the Trust Indenture provided) of one thousand seven hundred thirteen (1,713) negotiable coupe~ Bonds of th de- nomination of One Thousand Dollars ($1,000.00) ~ach, numbered and maturing as set forth in the form of "Trust Indcrture" hereinafter prescribed> bearing interest at a rate or rates which wh n averaged to maturity on the Bonds cov~rcd by the bid or bids, shall not result - 8 - ��in an average interest ra eon such Bonds in excess o eighth per cent (3-l/8o/,) per annum (the <let rmined at the time of th receipt and three and one- xact rate or rates o be onsideration of bids for the purchasing of said Bonds, as hereinafter provid d) with interest to be payable semiannually on the First days of April and O tober of each year, beginning April 1, 1961. Said Bonds shall in all respects conform substantirt1ly to, and be issued in accordance with, the provisions of th Trust Indenture referred to in S~ction (4) hero The President of the College and the Chairman of the Board of Truste s are hereby authorized and dire tcd to cxecut' each Regist r~d Bond, and the Secretary of this Board is authorized and directed to affix the seal of th College thereto and to attest the same if the single Registered BoDd is issued; rtnd the President of Chairman of thi Board ar he Coll gc and authorized and directc~ as to any ne- gotiable coupon Bonds which may be issued,tu execute the Bonds by authorizing the affixation of their printed facsimil signatures. The Secretary of this Board is directed to hav~ any such coupon Bonds imprinted with a r produc d facsimile of the College's s al, bu the attestntion thereof shall be by his manu~l s·gnature, and the TreRsur r of this Board is he to any ncgoti~bl by authorized and directed, s coupon Bonds which may be issued as in said Trust Indenture provid d, to ex cute the interest coupons to b - 9 a tachcd ��to said Bonds by authorizing the affixation of his printed facsimile signature to each such coupon. After said Bonds have be n sold by the Board of Trus-'es, or by its Ex~cutiv Committee, which is hereby pr ssly authorized to act in that conn ction, at one or mor x- ad- vertiecd, public, competitive sales, and as soon as the same have been r ceivcd from the printer and hav' been ~xecuted as herein uthorized, the sam• shall be delivered for authentication to the Trustee named in said Trust Indenture, tog ther with a c rtification of the identity of the purchaser or purchasers of said Bonds (or Bond), and the terms upon which the same may be d~livered to said purh.ns~r or purc~qscrs, o r to th• Prcsid nt of the Coll Scccion 3. e for deliver The Secretary of the Board is here.by uthorized to cxe ute an appropriat"' form of "Notice of Sal,c! of Bonds" and to cause the sam2 to b publJ shed on-2 time u1 The Courier-Journal, a daily newspaper published in Louisville, Kentu ky, and of general circulation in the Commonwealth of entuc..ky, and one tim Bond Buy r, n f1nanc·a1 n wspnp r published in of gcncr 1 finan ial circulation throughout th America, soliciting s qled, competitive bids sa'd Bonds, the same to be r ceived at th of th College, on the cam us of th until some d~y and hour at wh'ch h - 10 - tCW ·n The York, N. Y., and Uni ~d S at~s o or the purchasing of off1c~ of the Pres1d nt Coll •g , in Danvill K ntucky, Board of Trustees, or i s ��•--------33 Executive Comittee is scheduled to meet. Publication in The Courier-Journal and in The Bond Buyer shall be made not less than fifteen days prior to the time stated in said "Notice of Sale of Bonds" for the opening and consideration of purchase proposals. In said notice, purchasers shall be instructed that proposals may be submitted for the purchasing of the Bonds, as follows: { i) ( ii) ( iii) ( iv) ( v) All All All All The maturities in maturities in maturities in maturities in entire issue. Bidders ar the the the the years years years years 1963 1971 1981 1991 to to to to 1970, 1980, 1990, 2000, inclusive, inclusive, inclusive, inclusive, arid to be informed that a minimum bid of par value, together with accrued interest to the date of nel·very, shall be required. Bidd8rs may stipula e one or more interest coupon rates of their own choosing, the average thereof not to exceed the rate of 3-1/8% set forth in the HHFA "Loan Agreement," and not more than one rate to be stipulated for Bonds maturing on a single maturity date. If a bl.cl ca rrics two or more intet'es t ra tcs on a single block of Bonds, or on combined blocks of Bonds, an nv rage interest rate shall be comput~d on the basis of the total inter~st costs at par for such singt, blo k, or combined blocks, ,ov'r~d by the bid at the offered rates; and if th average rat so obtained is not more than the r.:ite s t forth in the "Loan /\greem nt" th considered to qualify. b.d will be A bid offering to purchase more Bonds shall be accepted (if th' avcrag~ ntcr~st rate is - 11 - qual to or less than ��•--------- the applicable rat) even if a lower average interest cost is offered in a bid to purchase few'r bonds. The right to reject bids for any reason deemed sufficient by th2 Board of Trust~cs, or its Executive Committee, as the case may be, shall expressly be reserved. S ction t.i. Said Bonds (wh_ther in coupon or registered form) shall be secured by a Tr.ust Indenture between C2ntre College of Kentucky, party of the first part, and The Kentucky Trust Company, a Kentucky trust corporation with its principnl office and place of business in Louisville, Kentucky, party of the second part. The Presid nt of the College and the Chairman of th• Board arc hereby authoriz -·d and directed to make, execute, and d liver, and the 0 Secretary of the Board is authorized to seal and attest, such Trust Indentur2 in substantially th hercinaft r set forth, form, text, terms and provisions nd this Board of Trustees hereby approves, ratifies, and confirms all of the covenants, provisions, and stipulations s0t forth in said Trust Indenture, to-wit: - 12 ��35 T RUS T I ND E NT U R E SECURING $1,713,000.00 CENTRE COLLEGE OF KENTUCKY HOUSING AND DINING HALL BONDS OF 1960 MADE BY CENTRE COLLEGE OF KENTUCKY DA~NILLE, KENTUCKY TO THE KENTUCKY TRUST COMPANY LOUISVILLE, KE~1TUCKY AS TRUSTEE Dated as of October 1, 1960 ��3 - laTRUST INDENTURE Part One PARTIES, RECITALS AND GRANTING CLAUSES THIS INDENTURE, consisting of two parts identified as Part One and Part Two (herein sometimes called the " Indenture"), dated as of October 1, 1960, by and b twe n CENTRE COLLEGE OF KENTUCKY, a privat educational corporation, organized ad nonprofit xisting under th laws of Kentucky, locat d at Danvill , in the County of Boyl , in the Stat alled th of Kentucky (her inaft r sometim s "Borrow r"), acting by and through its Board of Trustee , (hereinaft r som tim s call d the "Board"), and THE KENTUCKY TRUST COMPANY, a trust corporation duly organiz d and th xisting under and by virtu Commonwealth of K ntucky, and havin of th laws of its main office and place of business in the City of Louisville, in Jefferson County, {her in fter som times call d the "Trust e"), WITNESS ETH: WHEREAS, the Borrow r is duly authoriz d by law to bo rrow money for its law ul corpo rat iss e 11 its bonds for mon y so borrow d and to nd mo r gage purpos sand to d 1 dge its prop rti s now own d or hereaft r �• • 37 acquired in order to secure the payment of such obligations; and WHEREAS, the Borrower proposes to construct on the sites hereinafter mentioned certain facilities consisting of (a) two dormitories to house approximately one hundred seventy-six (176) women students; (b) three dor1nitories to house approximately one hundred fifty-six (156) men students; and (c) a dining hall to accommodate approximately five hundred fifty (550) persons; all with necessary appurtenant facilities (hereinafter sometimes called the ''Project ''); and WHEREAS, said Project is a lawful corporate purpose of the Borrower; and WHEREAS, the Borrower has deemed it advisable to borrow money for the aforesaid purposes and to issue its bonds therefor and to mortgage and pledge, in the form of this Indenture, certain of its property hereinafter described, to secure the payment of said bonds, and to that end has duly authorized and directed the issuance of its bonds in the aggregate principal amount of One Million Seven Hundred Thirteen Thousand Dollars ($1,713,000.00), such bonds to be designated ''Centre College Housing and Dining Hall Bonds of 1960'' (herein sometimes called the ''Bonds''), which shall be coupon bonds registrable as to ��., ' - 3a- principal only or a fully registered bond or bonds as in this Indenture hereinafter provided; and WHEREAS, the proceeds of the Bonds, together with any other available funds, will be used for the specific corporate purpose of providing funds for the aforesaid Project; and WHEREAS, the execution and delivery of this Indenture and the issuance of the Bonds have been in all respects duly and validly authorized by the Board pursuant to a resolution adopted by said Board on the 22nd day of October, 1960 (herein sometimes called the ''Resolution''); and WHEREAS, the coupon Bonds, the coupons to be attached thereto, the Certificate of Registration and the Trustee's Authentication Certificate to be endorsed on the Bonds are to be substantially in the following forms, respectively, to-wit: (FORM OF COUPON BOND) No. UNITED STATES OF AMERICA $1,000.00 CO}1MONWEALTH OF KENTUCKY CENTRE COLLEGE HOUSING AND DINING HALL BOND OF 1960 Centre College of Kentucky, a private, non-profit, educational institution incorporated under the laws of the State of Kentucky (herein called the ''Borrower''), for value 38 ��39 received, h e r eby promises to pay to the bearer, or, if this Bond be regist ered, to the registered owner hereof, on the 1st day of October, 19_, the principal sum of One Thousand Dollars ($1,000) and to pay interest thereon from the date hereof at the rate of _ _ _ _ per centum (._ _%) per annum, payable April 1, 1961, and semiannually thereafter on Octobe r 1 and April 1 of each year until the principal amount h e reof has been paid, but until the maturity hereof only upon the presentation and surrender of the interest coupons hereto appertaining as they severally become due. Both the principal of and the interest on this Bond shall be payable in any coin or currency which, on the respec tive dates of payment of such principal and int er e st, is l egal t ender for the payment of debts due the Unit ed Stat es of America, at the main office of The Kentucky Trust Company, as Trustee under the Indenture herein aft e r described o r o f its successor as such Trustee (he r einaft e r called the ''Trustee'') or at the option of the ho lde r at N w the principal office of The Hanov~r Dank, New York , York, (herein coll ct ively called th ''l3ank of Payment''). This Bond is on e of a duly authorized issue of general ob ligation Bonds of like t enor and effect except as t o serial numb e r, right of prior redemption and maturity, numbe red fr om 1 upwards, of the denomination of One ��-,, 40 - SaThousand Dollars ($1,000) each, aggregating One Million Sev en Hundred Thirteen Thous and Dollars ($1 , 713 , 000.00), • issue d f or the c orporat e purpos e s of the Borrower , viz.: to provide part of the funds for the construction of (a) two dormitorie s t o hous e approximate ly 176 women students ; (b) three dormitori e s to hous e approximately 156 men student s; and (c) a dining hall to accommodat e approximate ly 550 pe rs ons; a ll with necessary appurtenant faciliti es, t o b e l ocate d on lands owne d by the Borrower in f ee simple , s ituate d in the City of Danville, Boyle County, Kentucky (her e ina ft er s ome time s calle d the ''Project'') , all issue d unde r and a ll equally and ratably s ecured by Trust Inde nture dat ed a s of Octobe r 1 , 1960 (here in called the '' Indenture '') , duly execut e d and de live r e d by the Borrowe r , pursuant t o a Re s olution duly adopt e d on Oc t ober 22 , 1960 , t o the a f or esa id Trustee , t o which Indenture, and a ll inde ntures s upplemental the r e to , r e ferenc e i s he r e by ma de fo r a de s c ription of the prope rty mortgag e d and the securitie s and r ev e nue s ple dg e d the reunde r, the na ture a nd ext e nt of t h e security the r eby creat e d , the rights o f the ho lder s or r egi s t e r e d owne rs of th e Bonds , the rights , duties a nd immuni ties of th Trust ee, a nd the rights and ob l iga tion s of the Borrowe r the r eunde r. t e rpa rt o f the Indentur An ex ecute d c oun- i s on fil e a t the offic e of the ��' Trustee and an executed counterpart has been recorded at the Office of the Clerk of the County Court of Boyle County, State of Kentucky, as provided by law for r ecording of mortgages on real es tate . Bonds of this issue, of which this Bond is one, are numbered consecutively from 1 t o 1 ,713 , in the order of maturity. The Bonds maturing October 1, 1963 through October 1, 1970, are not subject to r edemption except when redeemed through the application of the proceeds o f insurance as prescribed in Section 6~14 of Part Two of said Indenture. Bonds maturing October 1, 1971, through October 1, 1995 are subJect to redemption, prior t o the stated maturities thereof, in whole o r in part at the option of the Borrower, on any interest payment date after October 1, 1970, in inverse numerical order, at the principal amount thereof plus accrued inter est to date of redemption, and a premium for each s uch Bond, as follows: 3% 2~% 2% 1~% 1% if redeemed April 1,1971 through October 1,1975,inclusive if if 1.f if redeemed redeemed redeemed redeemed April April April after 1,1976 through October 1,1980,inclusive 1,1981 through October 1, 1985 , inclusive 1,1986 through October 1,1990,inclusive October 1, 1990. Bonds maturing October 1, 1996 and thereafter, are subject to redemption, in whole or in part, at the option of the Borrower, on any interest payment date during the entire life of the Bond issue, in inverse numerical ��order at the principal amount thereof plus accrued interest, and are entitled to priority of redemption over all other redeemable Bonds. Notice of any such redemption shall be published in a financial journal printed in the English language in the City of New York, New York, at least once, not more than sixty days nor less than thirty days before the date fixed for such payment, and thirty days' notice in writing shall be given to the Bank of Payment before the date so fixed for such redemption; provided that said published notice of redemption need not be given in the event that all of the Bonds to be so redeemed are held by a single owner, and notice in writing by certified or registered mail is given to such owner not more than sixty days nor less than thirty days before the date so fixed for redemption. Prior to the date fixed for redemption, funds shall be deposited in the Bank of Payment sufficient to pay the Bonds called and accrued interest thereon, plus any premium required. Upon the happening of the above conditions said Bonds thus called shall not bear interest after the call date and, except for the purpose of payment, shall no longer be protected by the Indenture. If any of the Bonds called for redemption is registered as to principal,notice shall be mailed to the registered owner of each such Bond �• .• (Election of Chairman of Board of Trustees to be shown here) • �• • - - Ba- by certified or registered mail, addressed to him at his registered address, not earlier than sixty days nor later than thirty days prior to the date fixed for redemption. If no Bonds payabl e t o barer are to be redeemed, published notice of such redemption need not be given. This Bond is transferable by delivery unless registered as to principal in the owner's name upon the books of the Borrower t o be kept for that purpose at the office of the Trustee, such registration to be noted hereon. After such registration, no transfer of this Bond shall be valid unle ss made on said books at the request of the registered owner hereof, or his duly authorized agent,and similarly noted he reon ; but this Bond may be discharged from registration by being in like manner transferred to bearer, whereupon transferability by delivery shall be restored; and this Bond may again from time to time be registered or made payable to bearer as before. Such registration, however, shall not affect the negotiability of the annexed coupons, which shall always be transferable by delivery and be payable to b earer, and payment to the bearer thereof shall fully discharge the Bo rrower in respect of the interest th er ein mentioned, whether or not this Bond be r egistered as t o principal and whether or not any coupons be overdue. 43 • 1 ' ��44 It is hereby declared and represented in issuing this Bond and the series of which it is a part,that while any part of the principal of or interest on said issue of Bonds is outstanding and unpaid, the Borrower has covenanted and agreed to operate and maintain continuously the Project and the facilities and services afforded by same; to establish and continuously maintain rental, use, occupancy and other service charges sufficient to pay the reasonable operation and maintenance expenses thereof, the principal of and interest on the Bonds as each Bond matures and as such interest falls due, and to establish and maintain an adequate reserve for contingencies as is more fully provided in the Indenture, and that it has established and will maintain in force such parietal rules as shall be necessary to assure maximum use and occupancy of the Project. In case an event of default, as defined in the Indenture, occurs, the principal of this Bond and all other Bonds outstanding, may be declared or may become due and payable prior to the stated maturity hereof in the manner and with the effect and subject to the conditions provided in the Indenture. With the consent of the Borrower and to the extent permitted by and as provided in the Indenture, the terms ��• - 1oa- and provisions of the Inde1lture, or of any instrument supplemental thereto, may be modified or altered by the assent or authority of the holders of at least sixty-five per centum in aggregate principal amount of the Bonds then outstanding thereunder; PROVIDED, HOWEVER, that no such modification or alteration shall be made which will (a) adversely affect the terms of payment of the principal of or interest on the Bonds outstanding thereunder, or (b) authorize the creation of any other lien upon any of the mortgaged or pledged property, or (c) give to any Bond or Bonds secured thereby any preference over any other Bond or Bonds secured thereby. No recourse shall be had for the payment of the principal of or interest on this Bond against any past, present, or future officer, director, trustee, or member of the Borrower, as such, all such liability (if any) being hereby expressly waived and released by every bearer and registered holder hereof by the acceptance hereof, and as a part of the consideration hereof, as provided in the Indenture. It is hereby certified and recited that all acts, conditions, and things required to be done precedent to and in the issuance of this Bond and the series of which it is a part, have been properly done, have happened and 45 ��46 - llahav~ been pe rforme d in r egular and due time, form and mann2r as r equired by l aw; tha t this s e ries of Bonds does not exc eed any const itutiona l , statutory or corporate limitation, and tha t provision has been ma de for the payment of principa l o f a nd int e r e st on this Bond and the s eries of which it is a part as prov ide d in the Inde nture . This Bond shall not b e valid nor become obligatory for any purpose until it shall have been authenticat e d by the ex ecution of the certificate he r 2on endorsed by the Trustee und~r this Indenture . IN WITNESS WHEREOF ) Centr e College of Kentucky has caused this Bond to be s igne d in its corporate name by the r e produc e d f acsimile signatures o f its Pres ident and of the Chairman of its Board of Trust e~s, and the facsimil e o f its corpor a t e seal t o be imprint e d he r eon , attested by the manual signature of the Secretary of the Board of Trustees of said Co ll ge, and th~ int e r es t coupons h e reto a tt ac he d t o be execu t ed by plac ing thereon th facsimile signature of th as of the Treasure r of said Board, all 1s t day of Octob e r, 1960. (SEAL) CENTRE COLLEGE OF KENTUCKY ATTEST: By-------------Pres ident Secretary of it s Board of Trustees B y - - - - - - - - - - - - -Chairman of its Board of Trust ees • l ��47 - 12a (FORM OF COUPON) No . $_ On th fir s t day o f ------ surrende r of this coup on , unle ss th , 19 - - _ _ , upon Bond he r ~inafter mentione d shall hav e been previously calle d f or redemption and payment the r o f ma de or duly provide d for , Centre College of Kentucky will p~y t o be are r a t th e ma in o ffice of The Kentuc ky Trust Comp any , or, at the option of the holder, at the principal offic e o f The Hanover Bank, New York, New York, Do lla rs ($ ---- ) , pa yable in any coin or c urrency which , on such dat e , is l egal t ender for the pa yme nt of debts due the Unite d State s of America, being six months' int e r es t then du on its Ce ntre Co llege Housing and Dining Ha ll Bond o f 1960, dat e d Oct obe r 1, 1960, No. CENTRE COLLEGE OF KENTUCKY By Treasure r o f its Board of Trus t e s (FORl'1 OF TRUSTEE'S CERTIFICATE) This is one o f th e Bonds de scribe d in th within me ntione d Indenture. THE KENTUCKY TRUST COMPANY Trust ee B y - - - -- - - -- -- - - Authoriz e d Officer REVENUE STAMP CERTIFICATE Unit e d Sta t es Int e rnal Revenue document a ry stamps to the amount r equire d by law have b ~n a ffix d to th8 Ind~ntur in th,e cust ody of the Trust ee, a nd duly canc e lle d. • ��4B .. - 138- CERTIFICATE OF REGISTRATION It is h ereby certified that, at the request of \ the holder of the within Bond, I have this day registered it as to principal in the name of such ho lder,as indicated in the registration blank b e low, on the books kept by me for such purpose. The principal o f this Bond shall be payable only t o the registered holder h ereo f named in the registration blank b e l ow , or his l egal r epresentative,and this Bond shall be transfe rable only on the books of the Registr ar and by an appropriate notation in such registration blank. If the last transfer r eco rded on the books of the Reg istrar, and in the registration blank below, shall be to bearer, the principal of this Bond shall be payable t o bearer and it shall be in all r espects negotiable . In no case shall negotiability o f the coupons attached h e r e t o be aff ected by any reg istra tion as t o principal. NAME OF REGISTERED HOLDER DATE OF REGISTRATION SIGNATURE OF REGISTRAR · and ' WHEREAS, the fully registered Bond or Bonds ��49 -- 14a- without coupons issuable hereunder shall be in substantially the f o rm set f o rth below (with appropriate insertions and changes therein as t o principal amounts, dates,dates of maturity of principal installments, names of payees, and otherwise as may be required in the event that only certain maturities of the bonds shall have been purchased by the Gov ernment of the United States and/or by any other purchaser or purchasers), t o-w it: (FORM OF REGISTERED BOND) UNITED STATES OF AMERICA COMM.ONWEALTH OF KENTUCKY No. R-1 $_ _ __ CENTRE COLLEGE HOUSING AND DINING HALL BOND OF 1960 Centre Co llege of Kentucky, a private, non-profit educational c o rporation (hereinafter called the ''Borrower'•), for value received, hereby promises to pay to /the UNITED STATES OF AMERICA, HOUSING AND HOME FINANCE ADMINISTRATOR, or his successor (herein sometimes called the ''Payee''), or his registered assigns (herein sometimes called the 1/ ''Alternate Payec' 'l/ the principal sum of Dollars ($_____), on the first day of _ _ _ __ in years and installments, as follows: Year Principal AClount Year Principal Amount 1/ This designation t o be used where bonds have been awarded to the Government. . • �- ...t,... • �so - 15a- in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of debts due the United States of America, and to pay interest on the balance of said principal sum from time to time remaining unpaid, in like coin or currency, at the rate of _ _% per annum, semiannually, on October 1 and April 1 of each year, conunencing on April 1, 1961, until the principal amount hereof has been paid. During the time the Payee is the registered owner of this Bond payment of the principal installments and interest due shall be made at the Federal Reserve Bank of Richmond, Richmond, Virginia, or such other fiscal agent as the Payee shall designate (herein called the ''Fiscal Agent''). During such time as an Alternate Payee is the registered owner hereof, said payments shall be made at the principal office of The Kentucky Trust Company, the Trustee under the Indenture, hereinafter mentioned, pursuant to which this Bond is issued, in the City of Louisville, Kentucky, or its successor as such Trustee, or, at the option of the Alternate Payee, at the principal office of The Hanover Bank, in the Borough of Manhattan, City and State of New York {herein called the ''Alternate Paying Agent''). Payments of principal and interest, including prepayments of installments of principal as hereinafter provided, shall be noted ��51 - 16aon the Payment Record made a part of this Bond, and if payment is made at the office of the Fiscal Agent or Alternate Paying Agent, written notice of the making of such n otations shall be promptly sent to the Borrower at the office o f the Trustee, and such payment shall fully discharge the obligation of the Borrower hereon t o the extent of the payments s o made~ Upon final payment of principal and interest this Bond shall be submitted to the Trustee f o r cancellation and surrender t o the Borrower. This Bond, designated as the ''Centre College Housing and Dining Hall Bond of 1960'' (herein referred to as the ''Bond''), is a general obligation of the Borrower limited t o an aggregate principal amount o f $1,713,000.00 duly issued by the Borrower t o finance in part the construction o f (a) two doruiit ori es to house approcirnately 176 women students; (b) three dormitories t o house approxi- mately 156 men students; and (c) a dining hall to accommodate approximat e ly 550 pe rs ons; and all necessary appurtenant facilities, under and pursuant t o an Indenture dated as of October 1, 1960 (her e in referred t o as the ''Indenture'' ) , duly ex ec uted and delivered by the Borrower, pursuant t o Reso lution cluly adopted on October 22, 1960, t o the Trustee t o which Indenture , and all indentures supplemental the ret o, reference is hereby made for a ��• • I I - 17a- de scription o f propert y @ortg age d and securities and revenues pledg ed ther eunder, the nature and ext ent of the security the r eby c r eat ed , and the rights , limita tion of rights, dut 1c s and innnunit i e s of the Trust ee , the Borrower, and th e r egist e r e d owner of this Bon d . An executed counterpart of the Indenture is on fil e at the off1c e of the Trustee, and an ex ecute d c ount e rpart has been r ec orded at the office o f the Clerk o f the County Court of Boyle County, State of Kentucky , as provided by law f or rec ording o f mortgages on r eal e stat e . As provided in th e Indenture , th1s Bond is exchangeabl e at the s o l e expens e of the Borrowe r a t any time, upon nine ty days' notic e, a t the r e quest o f the registered owner h e reo f and upon surren de r of this Bond t o the Borrower at the o ffice o f the Trus t ee in the City o f Louisville,Kentucky, f or nego tiable c oupon bon ds, payable t o b earer, registrable as t o principa l only, o f the denomin ation o f One Thousand Do llars ($1 , 000) each, in an aggregat e princ ipal amount e qua l t o th e unp a i d principa l amount of this Bond, and in the f o r ui o f such coupon Bond as provided f or in th e Indenture . In add it ion t o th e installments o f principal r e quired t o be paid by the Bo rrowe r as he r e inabov e s e t f o rth, the Bo rrowe r sha ll ha ve th e right t o prepay th e ��53 - 18ainstallments of principal through the application of the proceeds of insurance as provided in Section 6.14 of Part Two of the Indenture, and shall als o have the right to prepay on any interest payment date the principal installments due after October 1, 1995, or any portion thereof as it ma) deterniine upon in inverse chronological 1 order and in multiples of One Thousand Dollars, at the principal amount thereof plus accrued interest to the date of prepayment. After payment of the aforesaid installments the Borrower shall hav e the right to prepay on any interest payment date after October 1, 1970, the entire principal amount hereof then remaining unpaid, or such lesser portion thereof as it may deteruiine upon in inverse chronological order of said installments and in multiples of One Thousand Dollars, at the f o llowing prices (expressed in terms of a percentage o f the principal amount o f such prepayment) plus accrued interest t o th date o f prepayment: 103% if paid on or prior t o October 1, 1975, 102~% if paid after October 1, 1975, but on or prior to Oct ober 1, 1980, 102% if paid after October 1, 1980, but on or prior t o Octob r 1, 1985, 101~% if paid after October 1, 1985, but on or prior to October 1, 1990, 101% if paid after October 1, 1990, but prior to final maturity. PROVIDED, HOWEVER, that so long as the registered owner hereof shall be the Paye , the r • ��54 \ - 19aBorrower may prepay on any inte rest payment date the entire unpaid princip al amount hereo f or, from time to time in the inv ers e chrono logical order of the said installments, such l e sser portion thereof in multiples of One Thousand Do llars as the Borrower may deterrnine, at the principal amount ther eo f plus accrued interest t o the date of such prepayment. No tic e o f any such optional prepayment shall be given at l east thirty days prior t o the prepayment date by mailing t o the r egistered owner o f this Bond a notice fixing such prepayment dat e , the amount o f principal and the premium, if any, t o be prepaid. This Bond may be assign ed and upon such assignment the assiguor shal l promptly notify the Borrower at the offic e o f the Trustee by regist er ed mail, and the Alternate Payee shall surrende r the same t o the Truste e either in exchang e f or a new fully r egist e r ed Bonc1 or f or transfer on the r egistra t ion r ecor ds and v erification o f the endorsements made on the Pa yment Rec ord a ttached h er e t o of the portion of the principa l amount he r eo f and int e rest hereon p 8 i d or pre paid , and eve ry such assignee shall take this Bon d subj ect t o such cond it ion. In c a s e an event of de f ault, as defined in the Indenture , sha ll oc c ur, the pr i nc i pal of this Bond may be .. ��55 - 20a- declared or may b ecome due and payable in the manner and with the effect provided in the Indenture. No recourse shall be had for the payment of the principal of or interest on this Bond against any officer, director, trustee, or member of the Borrower,as such, all such liability (if any) being hereby expressly waived and released by every registered holder or transferee hereof by the acceptance hereof, and as a part of th8 consideration hereof, as provided in the Indenture. It is hereby certified that all of the conditions, acts and things required to exist, to have happened or to have been performed precedent to and in the issuance of this Bond, do exist, have happened or have been performed in regular for1n, time and manner . This Bond shall not be entitled to any benefit under the Indenture or be valid or become obligatory unless it shall have been authenticated by the Trustee, or its successor in the trust, by completing the Certificate of Trustee appearing hereon. IN WITNESS WHEREOF, th Borrower hqs caused this Bond to be exec uted in its name by its Pr sident and the Chairman of its Board of Truste es, corporates al t o be affixed, attested and its y the ��56 - 21a- signature o f the Secre t ary o f its Board of Trustees, all as of the f i rst day of Oc t obe r , 1960. CENTRE COLLEGE OF KENTUCKY By____________ President By____________ Chairman of its Board of Trustees (SEAL) ATTEST: Secre tary of its Boar d of Truste es {FORM OF TRUSTEE'S CERTIFICATE) CERTIFICATE OF TRUSTEE This Bond i s the single r egist e r ed i nstallment Bond de scribed in the within mention ed Indenture . KENTUCKY TRUST COMPANY Trustee By _____________ Authorized Officer THE REVENUE STAMP CERTIFICATE Unit ed Sta t es Int erna l Revenue doct1.1 ~entary stamps to the amount r equired by l aw hav e been affixed t o the Indenture in the c us t ody of the Trust ee , and duly cancelled. (FORM OF ASSIGNMENT) For valu r ece iv ed , this Bond is h e reby assigned, without r ecours e and subJ ect t o all o f its t e r ms and pro • • v1.s1.ons unto --------- Attest ed or witne ssed by: Official Designation ,this _ day o f _ _ _ ,19_. Payee By______________ Authorized Agent �•• -. -. �57 - 22a- PAYMENT RECORD Due Date Principal Payment Principal Ballance Due Interest Payment { %2 (leave (blank (Enter (Enter (leave (dates (amourltS (blank (for prin(cipal and (interest) Date Paid Name of Paying Agent Authorized Official and Title (leave (blank (80 due dates - leave one-half inch space between each due date, etc. for manual interlining, if necessary; also half a page at end for any explanation which might be required) SCHEDULE ''A'' (This should be separate sheet) Principal Installments on Which Payments Have Been Made Prior to Maturity Principal Due Date Amount Principal Payment Balance Name of Paying Date Agent Authorized Paid Official and Title WHEREAS, all things necessary to make the said Bonds, when authenticated by the Trustee and i .ssued, as in this Indenture provided, valid, binding and legal general obligations of the Borrower, and to constitute this Indenture a valid and binding agreement securing the payment of the ��58 - 23aprincipal of and interest on all Bonds issued hereunder, have been done and performed, and the creation,execution and delivery of this Indenture, and the creation, execution and issuance of said Bonds, subject to the terms hereof, have in all respects been duly authorized; NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS, THIS INDENTURE WITNESSETH: THAT Centre Co llege of Kentucky, in the City of Danville, Boyle County, Kentucky, party of the first part, in consideration of the premises and of the acceptance by the Trustee of the trusts hereby created, and of the purchase and acceptance of the Bonds by the holders and registered owners thereof, and of th sum of One Dollar ($1.00) lawful money of the United States of America to it duly paid by the Trustee, at or before the execution and delivery of these presents, and for other good and . valuable considerations the receipt whereof is hereby acknowledged, in order to secure the payment of both the principal of and interest on the Bonds according to their tenor and effect and the performance and observance by the Borrower of all of the covenants expressed or implied herein and in th Bonds, has given, granted, bargained, sold, released, conveyed, aliened, assigned, confirmed, transferred, mortgaged, warranted, pledged and set over, ��59 - 24aand does by thcs presents hereby give, grant, bargain, sell, release, convey, alien, assign, confirm, transfer, mortgage, warrant, pledge and set over unto The Kentucky Trust Company, in the City of Louisville, J efferson County, Kentucky, party of the second part, as Trustee, and to its successor or successors in trust hereby created, and to them and their assigns forever: I. The following described real estate and premises situated in the County of Boyle and State of Kentucky, with all buildings, additions and improvements now or hereafter located thereon or therein, with the tenements, hereditaments, appurtenances , rights, privileges and innnunities thereunto belonging or appertaining and tvarrants the title • to same, to-wit: PARCEL NO. 1 SITE OF PROJECT DINING HALL Beginning at a point, said point being an iron pin at the intersection of a line parallel to and thirty feet (30') North of the center line of Walnut Street with a line paralle l to and twenty-five feet (25 'O'') West of the center l i ne of College Street; thence North 5o 09' East a distance of two hundred thirty-three and five hundredths feet (233.05') to an iron pin; thence North 86° 00' West a distance of two hundred twentyfive and seventy-seven hundredths feet (225.77') to an iron pin; thenc e South 4° 01' West a distanc of two hundred thirty-two and ninety-five hundredths feet (232.95') to an iron pin; thence South 85° 59' East a distance of two hundred twenty-on and eleven hundredths ��60 - 25 afeet (221.11') to the point of beginning; all distances and bearings being adjusted to c los e by latitudes and departures. Being a portion of the real estate conveyed to the Trustees of Centre Co llege of Kentucky by deed dated March 6, 1820 , r ecorded 1n the Office of the Cl erk of the County Court of Mercer County, Kentucky, at Deed Book 12, page 24 . (This real estate is now located in Boyle County , Kentucky, but prior to 1842 was a part of Mercer County.) PARCEL NO . 2 SITE OF PROJECT THREE MENvS DORMITORIES Beginning at a point, said point b e ing a chisel cut in the North (Back) side of a concrete curb thirty-four and s eventy-five hundredths feet (34.75') West of the North West corne r of Young Hall ; thenc e North o0 - 24' East a distance of one t1undred ninety-s even and nine t yfour hundredths feet (197.94') to an iron pin, thence North 89° - 54' West a distance of two hundred ninetyfive and fifty-four hu~dredths feet (295.54' ) to a chisel cut 1.n the East face (Back) of a concrete curb, thenc e South 5° - 07' East a distanc e of two hundred four and eight hundredths feet (204.08') to a bolt set in the pavement thence North 89° - OJ' East a distance of two hundred seventy-six and thrc ~ hundredths feet (276 . 03') to a point of beginning; al l dis tances and b earings being adj u s t ed to c los e by latitudes and departures. Being a portj,on of th~ real estate conveyed t o Centre Co llege of Kentucky by deed dated Dec ember 11, 1876, r eco rded in the Office of the County Court Cl e rk of Boyle County, Kentucky} at Deed Book 14, page 82. PARCEL NO. 3 SITE OF PQOJECT TWO WOMEN~ S DORI~ITORIES Beginning at a point, said point being an iron pin thirty two and on half feet (32 .5' ) North of the center line of Main Street and in line with th e East face of a stone wall; ��61 - 26aThenc e South 86° 10' East a distanc~ of three hundred t h irteen and tw e lv~ hundre dths f ee t (313.12 ' ) to an iron pin, th~nc~ North 7° 22' East a distanc e of two hundred seventytwo and nine ty hundr e dths f eet (272.90') to an iron pi n; thenc e North 83° 58r w st a distanc - of thr hundr ed twenty and e ighty- e ight hundre dths f ee t (320.88 ' ) to a ch i sel cut in a concrLte wall, th ne e South 5° 41 ' w~st a dis t ance of two hundr~d e ighty four and sixty- fiv~ hundr~d ths feet (284 . 65 ' ) to the point o f beginning , all di stances and b~arings b~ing adJusted t o clos e by latitudes and departures. Tog e th~r with a portion of a public way in th~ Ci ty o f Danville forme rly known as Sev enth Stree t as lies wi th t he above d scribed Pare 1 No. 3, which has been closed by appropriate action o f th City of Danville, K~ntucky . Be ing a portion of the r eal estate conv~yed to C~ntre Col l ege of Kentucky , by th following e l ~vcn separate de~ds all of record in the Office of th County Court Cler k of Boyle County, Ke ntucky, a s follows : RECORDED /\T DEED BOOK PAGE NO . DEED Dl\TED ( 1) (2) (3) (4) (5) (6) ( 7) (8) (9) (10) ( 11) 120 120 120 120 120 120 120 120 120 120 120 January 13 , 1960 January 27 , 1960 February 21 ) 1960 January 2 , 1960 F bruary 9, 1960 March 10, 1960 March 17, 1960 i\pril 8 1960 March 26, 1960 Fe bruary 19, 1960 March 24, 1960 on which trac ts of land th 74 76 211 29 99 329 369 49 7 395 346 387 Proj ec t is to b\;... located. II. ~ fr om th first li n on nd pledg opera tion of th o f th ne t r venu s deriv ed Proj ct facilitie s , a nd a first lien on and pl dge of the s~curities d ~posite d with thL Trust ee as he r ina ft er provided. III. Any and a ll o th r prop erty of every name and nature ��62 - 27a- from time to time hereafter by delivery or by writing of any kind, conveyed, mortgaged, pledged, assigned or transferred, as and for additional security hereunder, by the Borrower or by anyone in its behalf or with its written consent, to thG Trustee, which is h e r eb y authorized to receive any and all such property at any and all times and to hold and apply the same subject to the terms hereof. TO HAVE AND TO HOLD all the same with al l privileges and appurtenances hereby conveyed and assigned, or agreed or intended so to be to the Trustee and its successors in said trust and to them and their assigns forever; IN TRUST, NEVERTHELESS, u . on the terms and trusts p herein set forth, for the e qual and proportionate benefit, security and protection of all holders of the Bonds and interest coupons issued or to be issued under and secured by this Indenture, without preference priority or distinction as to lien or otherwise of any of the Bonds or coupons over any of th other s ; PROVIDED, HOWEVER, that if the Borrower, its successors or assigns, shall well and truly pay or cause to b paid the principal of the Bonds and the interest due or to become due th ereon, at the times and in the manner mentioned in the Bonds and the interest co upons appertaining to the ��63 -28a- Bonds, respectively, according to the true intent and meaning thereof, and shall make the payments into the Bond and Interest Sinking Fund as required under Article V of Part One, or shall provide, as permitted hereby, for the payment thereof by depositing with the Trustee the entire amount due or to become due thereon, and shall well and truly keep, perform and observe all the covenants and conditions pursuant to the terms of this Indenture to be kept, perforrned and observed by it, and shall pay to the Trustee all sums of money due or to become due to it in accordance with the terms and provisions hereof; then upon such final payment this Indenture and the r~gh~s h reby granted shall cease,deterrnine and be void; otherwis e , this Indenture to be and remain in full force and effect . THIS INDENTURE FURTHER WITNESSETH and it is expressly declared that all Bonds issued and secured hereunder are to be issued, authenticated and delivered and all said property hereby mortgaged or pledged is to be dealt with and disposed of und r, upon and subject to the terms, conditions, stipulations, covenants, agreements, trusts, uses and purposes as hereinafter expressed,and the Borrower has agreed and covenanted and does hereby agree and covenant with th Trustee and with the respective �.,. . \ . • I I \ I • • • • • . ... • \ I • • J. r ·• ' • • •I I .. .,• i : _I , I • ' .. • • \ .. l ., r .... ' I. • . .,· ' •I ' ' • I' i .. • I .• r • • • ,( ;._,, .J ... �Y' .. • -- - 29aholders and r egister ed owners, from time to time of the said Bonds or coupons or any part thereof, as follows, that is to sny: ARTICLE I. DEFINITION OF SPECIAL TERMS Unless the context otherwise requires, the terms defined in this Article shall, for all purposes of this Indenture and of any indenture supplemental hereto,have the meanings herein specified; the following definitions to be equally applicable to both the singular and plural for1ns of any of the ternis herein defined . Section 1. Borrower, Board, Government, Loan Agreement, Trust Estate: The term i'Borrower' s shall mean Centre College of Kentucky, a corporation organized and existing under the latvs of the State of Kentucky, and having its office and post office address at the City of Danville, Boyle County, Kentucky. The term ';Board'i shall mean th Board of Trustees of the Borrower. The terui ''Government'' shall mean the United States of America. The term f'Loan Agre ment'' shall mean the Loan Agreement, dated as of July 1, 1960, entered into by the Borrower and the United States of America, and any amend- ��- 30a- ments thereto which may be made by mutual agreement of the parties. The term ''trust estate'' shall mean the two dormitories to house approximately 176 women students; the three dormitories to house approximately 156 men students; the dining hall to acconnnodate approximately 550 persons, and all necessary appurtenant facilities to be constructed upon the land hereinabove described, being the Project (hereinafter defined), together with the sites (hereinbefore described), and the net revenues thereof, and the securities deposited and pledged hereunder. Section 2. Fiscal Year, Project Facilities: The term ''Fiscal Year'' refers to the Borrower's fiscal year and shall mean the period conunencing each first day of August and ending with the next ensuing thirty-first day of July. The term ' 'Project' ' refers to facilities to be provided in part with the proceeds to be derived from the sale of the Bonds, consisting of (a) two dormitories to house approximately 176 women students; (b) three donnitories to house approximately 156 men students; and (c) a dining hall to accommodate approximately 550 persons; all with necessary appurtenant facilities. ��- 3laARTICLE II. FORM, EXECUTION AND REGISTRATION OF BONDS Section 1. Form of Bonds. The Bonds , other than fully registere d Bonds, shall be in coupon form, in the denomination of $1,000 each, numbered from 1 upwards, shall be designated ''Centre Coll ge Housing and Dining Hall Bonds of 1960, '' date d as o f October 1, 1960, and shall bear interest at a rat e or rat es not exceeding three and one- e ighth per c e ntum (3 - 1/8% pe r annum until payment of the principal ) amount , the exact rate to be de t e rmine d by bidding, payable s emiannually on April 1 a nd Octobe r 1 in each year cocnrnencing April 1 , 1961, but until maturity of said Bonds only, upon presentation and surrender of the r espec tive coupons for such interest. Both the principal of and interest on the Bonds shall be payable at the offic e of th~ Trustee, or, a t the option o f the hol d~r the r eo f , a t the principal office of The Ha nov er Bank, in the Borough of Manhattan, City a nd State of New York , in such coin or currency of the United States of America as may be on the r espect ive da t e s of payment the r eo f , legal tender for the p8yment of deb ts due the Unit e d States of America. The Bonds to be issued and secured under this Ind~nture shall be in th e agg r egate principal ��67 - 32aamount of One Million Seven Hundred Thirteen Thousand Dollars ($1,713,000.00), and shall mature serially on October 1 in each of the years and in the amounts, as follows: YEAR AMOUNT YEAR AMOUNT 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 $24,000 . 00 25,000 . 00 26,000.00 26,000.00 27,000 . 00 28,000.00 29,000.00 30,000.00 31)000 . 00 32,000.00 33,000.00 34,000.00 35,000.00 36,000 . 00 37,000 . 00 38,000 . 00 39,000 . 00 41,000.00 42,000.00 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 $43,000 . 00 44,000 . 00 46,000 . 00 47,000 . 00 49,000 . 00 51,000.00 52,000 . 00 54,000 . 00 55,000 . 00 57,000 . 00 59,000 . 00 61,000.00 63,000.00 65,000 . 00 67,000.00 69,000.00 71,000.00 73,000.00 74,000.00 Section 2. Execution of Bonds: The officers of the Borrower specifically designated to execute the Bonds and coupons, as required in Section 2.02 of Part Two of the Trust Indenture, are, as follows: (THE COUPON BONDS) (a) The Bonds shall be signed by the reproduced facsimile signatures of the Pr esident of the College and the Chairman of its Board of Trust ees . (b) The Bonds shall be sealed by means of the reproduced facsimile of the seal of the College and shall be attested by the manual signature of the Secretary ��( - 33a of the Board of Trustees. (c) The coupons shall be executed by the facsimile signature of the Treasurer of the Board of Trustees. (THE REGISTERED BOND) (d) The Bond shall be signed by the President of the College and the Chairman of its Board of Trustees. (e) The seal shall be impressed on the Bond, attested by the Secretary of Borrower's Board of Trustees . Section 3. Authentication of Bonds The Trustee shall not authenticate the initial Bonds to be issued and delivered pursuant to the Indenture unless theretofore or simultaneously therewith there shall have been delivered to the Trustee the following (a) A copy of a resolution of the Borrower , certified by its Secretary, authorizing the issuance of the Bonds and the execution and delivery of the Indenture; (b) The written order of the Borrower , signed by Borrower's President , directing the delivery of the Bonds described therein to or upon the order of the purchaser upon payment of the purchase price set forth therein, (c) The approving opinion of Grafton & Fleischer, Louisville, Kentucky, Bond Counsel for the Borrower, concerning the validity and legality of all the Bonds proposed to be issued, which opinion shall cover generally all of the Bonds and shall be specific, final and unqualified as to the Bonds then being delivered; ��69 - 34a(d) An o rder for authentication of Bonds, as referred to in Section 2.lO(d) of Part Two of the Trust • Indenture, shall be signed by Borrower's President . Section 4. Registration of Bonds: The Bonds may be registered in the manner prescribed in Section 2.04 of Part Two of the Indenture. ARTICLE III. REDEMPTION OF BONDS Section 1 . Redemption of Bonds: The coupon Bonds, and the respective installments of principal corresponding thereto in the case of a duly registered Bond, shall be subject to redemption or prepayment prior to maturity at the option of the Borrower, as follows: Bonds numbered 1 through 215, inclusive, maturing October 1, 1963 through October 1, 1970, inclusive, are noncallable, except when redeemed through the application of the proceeds of insurance as provided in Section 6.14 of Part Two of the Indenture. Bonds numbered 216 through 1,359, inclusive, maturing October 1, 1971 through October 1, 1995, inclusive, may be called at the option of the Borrower prior to the stated maturities thereof, in whole or in part and in inverse numerical order on any interest payment date after October 1, 1970, upon - • • I ! ��70 - 35aat l eas t thirty days' prior notice, at the principal amount the reof, plus accrued interest to the date of redemption and a premium for each bond,as follows: 3% if 2\% if 2% if 1~% if 1% if rede emed redeemed redeemed redeemed r edeemed April April April April after 1,1971 through October 1,1976 through October· 1, 1981 through October 1,1986 through October October 1,1990. 1, 1975, inc lus 1.ve 1,1980,inclusive 1, 1985, inclusive 1,1990,1.nclusive Bonds numbered 1 , 360 through 1,713, inclusive, maturing October 1, 1996 through October 1, 2000, inclusive, are callable at the option of the Borrower in whole or in part and in inverse numerical order on any interest payment date during the entir e life of the loan, upon at least thirty days' prior notice, at par plus accrued interest to the date of redemption. Notic e of any such redemption shall be published in a financial journal printed in the English language in the City of New York, New York, at l east once, not more than sixty days nor l ess than thirty days before the date fixed for such payment, and thirty days' notice in writing shall be given to the Bank of Payment before the date so fixed for such redemption; provided that said publish d notice of redemption need not be given in the event that all of th Bonds to be so redeemed are h e ld by a single owner, and notic in writing by certified or registered mail, is given to such owner not more than sixty days nor ��- 71 - 35aat l eas t thirty days' prior notice, at the principal amount ther eo f, plus accrued interest to the date of redemption and a premium for each bond,as follows: 3% 2~% 2% 1~% 1% if if if if if r edeemed r edeemed r e deemed r edeemed r edeemed April April April April aft er 1,1971 through October 1 , 1976 through Octob er 1, 1981 through Octob er 1,1986 through October October 1,1990. 1,1975,inclusive 1,1980,inclusive 1, 1985 , inc lus 1.ve 1,1990,inclusive Bonds numbered 1 ,360 through 1,713, inclusive , maturing October 1, 1996 through October 1, 2000 , inclusive , are callable at the option of the Borrower in whole or in part and in inverse numerical order on any interest payment date during the entire l ife of the l oan, upon at l east thirty days' prior notice, at par plus accrued int erest to thL dat e of redemption. Notice of any such redemption shall be published in a financial journal printed in the English languag e in the City of New York, New York, at l east once, not more than sixty days nor less than thirty days befo r e the dat e fix ed for such payment, and thirty days' notic e in writing shall be given to the Bank of Payment before the date so fixed for such redemption; provided that said published notice of r edemption need not be given in th a ll of th event that Bonds to be so r edeemed are he ld by a single owner·, and notic in writing by certified or r eg iste red mail, is given to such owner not more than sixty days nor • • I I ��• • I 72 - 36a- less than thirty days before the date so fixed fo r redemption. Prior to the date fixed for redemption,funds shall be deposited in the Bank of Payment sufficient t o pay the Bonds called and accrued interest thereon,p l us any premium required . Upon the happening of the above conditions said Bonds thus called shall not bear inter est after the call date, and, except for the purpose of pay ment, shall no longer be protected by the Indenture . I f any of the Bonds called for redemption is registered as to principal, notice shall be mailed to the r egis t er ed owner of each such Bond by certified or registered mail, addressed to him at his registered address, not ear l i e r than sixty days nor later than thirty days prior to t he date fixed for redemption. If no Bonds payable to bear e r are to be redeemed, published notice of such redempt i on need not be given. Priority as to call shall extend to Bonds numbe r ed 1,360 through 1,713, inclusive, over Bonds numbered 216 through 1,359, inclusive. Section 2. Written Notice to Trustee: The written notice to the Trustee regarding redemption of Bonds, referred to in Section 3.02 of Part Two of the Trust Indenture, shall be signed by Borrower's President. ' ��73 - 37a ARTICLE IV. BOND PROCEEDS AND CONSTRUCTION ACCOUNT Section 1. Construction Account Operations:The designated depository for the Construction Account, r efe rred to in Section 4.01 of Part Two of the Trust Indenture, shall be The First National Bank in Louisville, Kentucky. Checks drawn against the Construction Account for the purpose of paying ProJect costs, as defined in Section 4.02 of said Part Two, or for reimbursements permitted by Section 4.03 of said Part Two, shall be signed by Borrower's President and Treasurer. Section 2. Borrower To Provide Supplemental Funds~ Prior to delive ry of any of the Bonds or the filing of any requisition for Government loan funds, Borrower shall deposit in the Construction Account the sum of $32,000.00 being the difference between the estimated development cost of the Project and the amount of Bond proc eeds which will be available for payment of development costs. Section 3. Disposition of Accrued Interest Received from the Purchaser of the Bonds; Provisionfur Interest Accruing Prior to Time when the Project Becomes Revenue Producing. That portion of the consideration received from the Purchas er of the Bonds as may represent accrued inte r est shall forthwith upon receipt of the Bond proceeds be deposited ' I �l t �. ?4 - 38a- by the Borrower with the Trustee in the ''Centre College Dorinitory and Dining Hall Bond and Int e rest Sinking Fund Account of 1960, '' for which provision is made in Article V - of this Section One of this Indenture, and shall be applied by the Trustee to the first interest payments thereafter becoming due . In the event the sum so deposited is not sufficient to provide for interest b ecoming due on the Bonds prior to the time when the Proj ect becomes revenue-producing, and funds from that source are available for payment of int er es t , the Borrowe r shall make up the de ficiency from its General Funds and pay the same over to the Trustee in timely fashion and without demand, provided, howeve r, the Trustee may, if it be necessary to do so to prevent de fault in the payment of interest as it becomes due, transfer whatever amounts may be r equired to preve nt such default , from the ''Construction Fund'' to the said ''Cen tre College Dormitory and Dining Hall Bond and Interest Sinking Fund Account of 1960, '' and any amount so transferred shall be r es tored to the Construction Fund by the Borrower upon demand of the Trust ee . Sec tion 4. Construction Fund. Dis pos ition of Excess Moneys in the If an unexpended balance shall remain in the Construction Fund after comp l e tion of the Project and payment of all costs thereof, as ce rtifie d by the • t I ' ��. 75 - 39aArchitect having supervision of the ProJect, with the concurrenc e of the de signate d r epres~ntative of the Government, the same shall promptiy be us ed for the r e demption of Bonds (or of installments of principal of th e Bonds ~ as the case may be) ; Provided , howe,,er, that any such funds in an amount l e ss than $1,000.00 shall b~ deposite d in the above-mentioned ''Centre College Donnitory and Dining Hall Bond and Interest Sinking Fund Account of 1960. '' ARTICLE V Dispos ition of Ple dg e d Revenues Section 1. Revenuu Fund Account. The Borrower covenants and agrees that as soon as any portion of the ProJ ect becomes revenu -producing , all r ~nt als, charges, income and r evenu e arising from the operation or ownership of the Proj ect shall be deposited and are h~reby pledged to th~ cre dit of a special fund to be known as the ''C\:!ntre College Dormitory a nd Dining Hall R venue Fund Account of 1960" (for convenience sometimes he r einafter referred to as the ''R~venue Fund Account'') and held in the custody of the Treasurer of the Borrower , separate and apart from all othe r funds. Such Revenue Fund Account s hall be maintain ed, so long as any of the Bonds are out standing, in a bank which is a member of Fede r al Deposit Insurance Corporation, and shall be exp end ~d and us e d by the Treasurer only in the manner and o rder specifi d be low. • • ' f ��• 76 - 40a- Section 2. Curr ent Exp ens e s Payment of Current Expenses: Definition of The o.irrent Expenses of the Project shall be payabl e as a first charg e from the Revenue Fund Account, as the same become du and pay ab l e . The term ''current Ex - penses,'' as us e d he r e in, me ans all necessary operating expens e s, current ma intenanc e charges, exp ens e s of reasonable upkeep and r epairs, prop e rly allocated share of charges for insuranc e and all o the r expenses incident to the operation of the Project, but exc lude s depreciation , aod all general administrative exp ~n se s of the Borrower. Se ction 3. Bond and Int e rest Sinking Fund Account. The Borrowe r covena nts and agrees that it will establish with the True tee , and ma int a in so long as any of the Bonds are outstanding , a s epa r a t e account or accounts , collectively de signate d the ''C entre Co lleg e Dormitory and Dining Hall Bond and Int e r e st Sinking Fund Account of 1960" (hereinafter for convenie nc e some time s r e f e rre d to ae the ''Bond and Intere st Sinking Fund Acc ount''), into which shall be deposited all a ccrue d int e r e st r ece ive d from the sale of the Bonds. The r eaft e r, as s oon a s a ny portion of th e Proj ect becomes r ev enue -produc ing, a nd a ft e r providing for the payment of the Current Exp en ses, the Borrowe r shall transfer from the Revenue Fund Acc ount , a nd from its g ene ral f unds, if necessary, and deposit to th cre dit o f said Bond and Int e r e st Sinking I I ��. • 77 - 4laFund Account, on or be fore each March 15 and September 15, such sums which t ogether with the int e r e st for the current int er es t period chargeable as a Proj ec t deve lopment cost shall b2 suffici8nt to mc~t the debt service payments due on the inmie dia t e ly f o llow ing J\pril 1 and Octob e r 1. Section 4. Debt Service R s erve Account. Borrower he r eby e stablish~s with th~ Trust ee, in trust for the benefit of the purchas~rs and holde rs o f the Bonds , a special account t o be known as the ''C entre College Debt Servic e Reserve Collat e ral Account o f 1960 " (for convenience sometimes her e inafter r e f e rr d to as the ' 'Debt Service Re serve Account'') into which shall be d~posited prior t o the de livery of any o f the Bonds unr stricted and unencumbered direc t obligations of the United States Government or s ecuritie s liste d on the New York Stock Exchange, having a market va lue o f a t least $160~000.00 and ag r ees t o maintain the market valu of said Debt Service Reserve Account in at least tha t amount. In the event the pledged rJvenues become insufficient t o meet debt service requirements, or t o provide ratably the principal and interest payrn nts on the outstanding Bonds declared due and payAble by reason of any de fault undur th e t enns of this Indenture, th deposit in said Account at any tim securities on shall, to the ext e nt ��?8 - 42a- r e quired to mee t such debt s~rvic e r 0quirements, or principal a nd int e rLst payments o f the. Bonds, be liquidated to the extent r equire d; provided, ho,;:-.1 ever, that exc ~pt during any p e riod of d fault in the Borrow~r 's ob ligations under this Indentur e Securing the Bonds, the Borrower shall have the right (1) to th~ inte r e st and income derived fr om the s ecuritie s deposit ed in th~ n~bt Service Re serve Account; (2) to substitut e the r e in lik~ securities of equa l marketability and marke t value; and (3) to withdraw securities therefrom so long as the total marke t value of the securities r ema ining on deposi t ther eafter is not less than the balanc e o f the principa l o f the then outstanding Bonds or $160,000.00 whichev r is th Section 5. Account. lesser. Building Maintenanc and Equipment Rese rve Borrower he r eby es t ablishes with the Trustee , in trust for th ben fit o f the purchas rs and holders o f the Bonds , a separate account, he r L-by d s i gnated as th e ''Centre Colleg Building Maintenanc and Equipment Res~rve Collateral Account o f 1960," (for conv ni~nce h r e ina ft r r e ferred t o as the ''Bui l ding Maint enanc e nd Equipment Reserve Account''), into which shall be deposited, prior to d live ry of any of th Bonds, unrest rict ed and unencumber d direct obliga ti ons o f the United Stats of fJD ric a o rs curiti s listed on the ��- 43a- New York Stock Exch ang having a marke t value of at least $140,000.00 and shall maintain the marke t va lue of said Building Maintenance and Equipment Reeerve Account in at least that amount. The securitiLS on deposit at a ny time in said Account may be drawn on and used by the Borrower for th e purpose of paying th~ cost of unusual or extraordinary mainte nance or r epairs, r enewals and replacements, and the renovating and r ep lac ement of the furnttur and e quipmLnt of the Proj ec t not paid as a part of the ordinary and nonnal e xpe ns e of the dormitory and dining ha ll operation. However , in the event the balance i n the Debt Service Reserve Account should b e reduced below $160,000.00> securities on deposit in the Building Maintenance and Equipment Reserve Account shall be transferred to the Debt Service Reserv~ Account to the ext ent r e quired to eliminat th de fici enc y in that Account. In the event th balance in th Building Maintenance a nd Equipment Reserve Account should be r educ ed be low the requir d balance of $140,000.00, then this de ficiency shall be restored by the deposit o f a dditiona l unre stricte d and unencumbered direct obligations of th Government or United States securities listed on the New York Stock Exchange in an amount not to exce d $20,000.00 in ��. • 80 - 44a- any one fiscal year. Except during any period of default in the Borrower's obligations under this Indenture, the Borrower shall have the right (1) to the interest and income derived from the securities deposited in the Building Maintenance and Equipment Reserve Account; (2) to substitute in the Building Maintenance and Equipment Reserve Account like securities of e qual marketability and market value; and (3) to withdraw securities from the Building Maintenance and Equi. ment Reserve Account so long as the total market p value of th securities remaining on deposit thereafter is not less than $140,000.00. Section 6. Use of Excess in Revenue Fund Account. Subject to making the foregoing payments and maximum depo~its, the Borrower may use any balance of excess funds in the Revenue Fund Account on August 1 of each fiscal year: (1) to redeem outstanding Bonds on the next interest payment date, in inverse numerical order and in amounts of not l ess than $5,000.00 par valu at one time; or, (2) for any expenditures, including the payment of debt service, in improving or restoring any existing housing and dining facilities, or providing any such additional facilities; or (3) for any other lawful · urpose. p ��. • 81 - 45a- ARTICLE VI Special Covenants Section 1. Written Requisition: The Writt en Requisition, referred to in Section 6.14 of Part Two of thia Trust Indenture, shall be execut ed by the President and Treasurer of th Borrower. Section 2. Government Audit and Inspection Fee. In the event that by reason of the sale of the Bonds, as hereinabove set forth, the Government shall become the owner of any of the Bonds, the agreed fixed fee in the sum of $7,500 00 for payment of the Government's expense of supervising and inspecting the work pertaining to the development of the Project and of auditing the books, records, and accounts pertaining thereto, shall be paid from the Construction Account as constitut ing a part of the cost of the Project. ARTICLE VII Changes Applicable to Part Two The following changes are hereby made in Part Two of this Indenture: Section 1. Where the Borrower is required to main- tain fixed amounts in the Bond and Interest Sinking Fund Account and/or the Building Maintenance and Equipment • ��82 - 46a- Res e rve, th e investments authorized by Section 5.01 Inve stment of Funds of Part Two of this Indenture shall be valued in terms of c urr ent market value as of June 30 and Dec emb er 31 of each year. Section 2. The provisions of this Indenture for d e livery of the Bond or Bonds a r e hereby supplemented to authoriz e the Trustee, after authentication of the Bond or Bonds on behalf of the Borrower , to deliver the same as provided, or to r eturn the same to the office r or officers executing the Order for Authentication fo r delivery to the purchaser or purchas rs thereof . • ��I 83 In the complete form of the Trust Indenture, as executed on behalf of the College, and as the same appears in the minutes of the meeting of the Board of Trustees wherein the Trust Indenture was approved and its execution authorized, there was inserted here the standard form of ''PART TWO' ' as prescribed by Housing and Home Finance Agency, consisting of 73 pages, numbered 1 to 73, inclusive, setting forth standard provisions relating, generally, to definitions of certain terms; details of for111, execution and registration of the bonds; redemption of bonds , the construction account, investment of funds, particular covenants of the College; events of default, and remedies of the bondholders; duties and immunities of the Trust ee; supplemental indentures, etc. Said PART TWO is omitted in this copy only because a sufficient number of copies thereof are not available. I I ��. • 84 - 74 - IN WITNESS WHEREOF, Centre Colleg ~ o f Kentucky has c aus~d this Indentur , c onsisting o f PART ONE (in 46 page s nurnbe r ~d l a t o 46a, inclusiv~), a nd PART TWO (in 73 pag~s numb e r e d 1 t o 73, inclusiv ~) , t o be signe d in its nam~ by its Pre sident a nd by th~ Chairman o f its Board of Trust ees , and its corpor a t e s eal t o be he reunt o affixed and a tt e ste d by the Secr ~t a ry of its Board of Trust ~s, and THE KENTUCKY TRUST COl'-'iPJ\1,JY , t o t:!Videnc 1.2 its acc ~ptanc e of the trust he r by creat d , ha s caus e d this Indenture to be signe d in its name by one o f its Vic e -Pr~sidents and its corpor a t s e al t o be h~r eunt o a ffix e d a nd the s ame to be atte ste d by its Sec r e t a ry or one o f its Assista nt Se cre t a ri s, all a s o f th da y and year first a bov • writt en. CENTRE COLLEGE OF KENTUCKY (SEAL) By irman, Board of Trustee s .t\TTEST : Secre t a ry , Board o f Tru t s THE KEN TUCKY TRUST COMPJ\NY (SEAL) ATTEST : -,~~L.h~r1 (Titl ) ... ��• • ' 1 85 - 75 COM:MOl\J{,TEALTH OF KEi'lTUCKY ) : ss ' COUNTY OF BOY LE • • ) The undersigned, a Not~ry Public in and for the said County and State, does h reby certify that on this day the foregoing instrument was produced before me by Thomas A. Spragens> as Pre sidwnt of Centre College of Kentucky, a corporation , and h~ the r 2upon acknowledged that he signed and delivere d the said instrume nt as his free and volunt a r y act, and as the offici~l act of said College through hi m as its de signated and authorized officer for th~ purposes ther e i n set forth. of Given und r my hand and notarial seal t his 2 2- day 1960. My commission expires / -.J.- 3 - hf . (9c..J-uber: , • Notary Public, Boyle County, Kentucky COMMONWEALTH OF KENTUCKY) Bo • • COUNTY OF -----6oo-l-~- -- ) • • The unde rsigned, a Not1ry Public, in and for the State and County a for esa id, do e s h reby certify that on this day he foregoing instrum nt v1as produced before me by ..e, r C\..~ e.. ., Chairman of the Boar d of Trustees of Cent ~ Co llege of Kentucky, a corporation, Danville, K~ntucky , pe rsonally known to me to be the person whose name is subscrib din such capacity as a bove set fo r th, and he the r eupon acknowledged that he signed and deliver ed the said instrument as his fr ee and voluntary act and as the fre e and voluntary ac t of said College, acting by and through him as such of f . cer, for the uses and purposes th'2rein set i forth. of / Give n unde r my hand a nd notarial seal this 2;L day () f?Lh b £,\c: - , 1960. My connnission e xpir e s .2 - ). 3 - (p tf • /s/I! Notnry Public, t f er sd >J 'ftll e /C • flt d County, KLntucky ��. • 86 - 76 COMMONWEALTH OF KENTUCKY) • • COU1'1TY OF BOYLE ) The und r s i gned , a Not a ry Public in and f or the s a id County and Sta t e, does he r eby ce rtify tha t on this day th~ f or eg oing instrum nt wa s produc e d bLfor e me by Pierc e Liv~ly , as Secret a ry of the Board o f Trust ees of Centre College of Kentucky , a corp or a ti on , and he the r eupon acknowl ~dg ed that he a ffix ed the s ea l o f the College , atte sted the same, a nd a ttLSte d th~ signa ture of the Chairman o f the Board o f Trustees and o f che Pre sident o f s a id College, and de livered the said instrument a s his fr ee a nd vo luntary act, and as th e offici a l a ct o f s a id Co ll ge through him a s one o f its de signa t e d and a uthoriz e d o ffic e rs . .\ of Given unde r my hand a nd no t a ria l sea l this ~2- day Qe.;0he-r, 1960 . Myc omrnission ~xpire s z->-3-,q . ,--- otary Public, Boyle County , Kentucky COM1'10NWEi\LTH OF KENTUCl<Y ) • • COUNTY OF JEFFERS OrJ ) The unde rsigne d , a Not a ry Public , in a nd for the Sta t e and County a f or e s a id , doe s he r eby c e rtify that the f or egoing instrument was thi s da y produc d be f or e me by _ _ _ __ ..:S-o~ ·...- ,as Vic e Pre sident, a nd _ _ _ _ _ __ --a-.r.......L,.1,...___,::;;;;_4,A_........~...,__._.,._.._ _ , as Q ~s , s f1< .., $'e '1\- «fu.'s:14 , of The Ke ntucky Trust C rnpa ny , the Tb.ist ee name d thc r eotl, and they the r eup on a cknowl e dged a nd de liv e r d the s ame t o be their vo lunt a ry ac t a nd deed as s uch o ffic e r s of sa id corporation, a nd the officia l a ct and deed of said c orporation by and through them as i t s duly a uthoriz e d offic er s . + of u nd r my ha nd and n ot a ri a l s ea l , 1960 . My commi ss i on e xpire s ~;a::;;....__.;.---~---- s No t a ry Public J e ff e rs on County , -rr.~PM"~- ����8? Section 5. Upon delivery of any of said Bonds to the pur- chaser, or purchasers, thereof from time to time, disposition shall be made of the proceeds as provided in said Indenture. Section 6. If persons representing the Government of the United States and/ or this College's legal counsel, are of the opinion that the form of the ''TrusL Inde11ture '' hereinabove set forth, or the form of the Bonds to be issued by Centre College of K3ntucky, as hereinabove set forth, should b e changed by reaso,1 of typographical e rrors, or errors in punctuation, or any other e rrors not affecting in any material manner the tenor or meaning of this Resolution, or should be changed in any manner r e quired to conform to the terms and conditions of thL. ''Loan Agreement'' dated July 1, 1960, heretofore executed with Housing and Home Finance Agency, then the Executive Cormnittee of this 'Board of Trustees, created and exis ting pursuant to the By-Laws of Centre College of Kentucky is hereby v ested with authority to adopt any proper resolution necessary and appropriate to correct the same. Section 7. Rates, Charges, and Parietal Rules and Regul~- tions For the Use of the Project Facilitie s. So long as any of said Bonds (or any portion of any Registered Bond) shall remain outstanding and unpaid, the dining hall and donnitories identified b~ HHFA as its ''Proj ect 1'lo. CH-KY-37(DS) '' shall be operated continuously by the College as a revenue-producing Project, and there shall be charged to and collected from those students occupying and using the dormitory facilities thereof a rental in the sum of Two Hundred S ven ty Dollars ($270.00) per student per academic year, as her etofore established by action of thj_s Board or1 January 29, 1960; and such - 13 - ��88 rentals shall be increased or adjusted from time to time if necessary in order to provide income and r evenues which are sufficient to meet principal and interest requirements, pay the costs of operating and maintaining said buildings, and accumulate r e serves, all as specified and set forth in the ''Loan Agreement'' and the Trust Indenture . All such revenues shall be segregated from other funds and revenues of the College, and a first lien thereon and pledge thereof are hereby created, as provided in the ''Loan Agreement'' and in the Trust Indenture, and the same shall continue as a part of the security for, and source of payment of, the principal and interest of said indebtedness. It shall be the duty of the administrative officers of the College to make and enforce such rules, r egulations, and directives as shall be necessary and expedient to insure maximum use and occupancy of the facilities of the Project, and to produce therefrom gross income and revenues to the maximum amount which may be consistent with sound business practices and the purposes thereof. It is hereby established as the firm and declared policy of the College that in the assignment of dormitory accourrnodations to e ligible students who may apply for the same , preference s hall be given to the accoaunodations provide d by the Project, to such extent as may be necessary to assure maximum use and occupancy thereof consistent ��89 with other necessary rules and regulations of the College as may prevail from time to time. Section 8. This Resolution shall be in full force and effect from and after its adoption. ADOPTED BY THE BOARD OF TRUSTEES OF CENTRE COLLEGE OF KENTUCKY at the Fall Meeting held on October 22 (SEAL) 1 1960. Chai~ n Board of Trustees ATTEST: ,/ Secretary The motion for the adoption of the for egoing Resolution (the form of the proposed ''Trust Indenture'' being embodied therein in full) was seconded by Board M ember After full discussion , the Chairman put the question and the Resolution was unanimously carried. Thereupon it was signed as provided at the end the r eo f by the Chairman and Vice Chairman of the Board of Trustees, th e seal was affix ed , a nd att~sted by the Secretary of the Board, and the Reso lution was dec lared to be in full force and ef feet. * * * * * * * * * * - 15 - ��90 . • • l There being no further business before the meeting , on motion a nd vote it was duly adjourned . (SEAL) Cha irman Board of Trustees ATTEST: Secr e tary Board of Trustees Vice Chaii--1-T, n Board of Trustees CERTIFICATION The unders ign d , Chairmar1 a nd Secr etary, respec tive ly, of the Board of Trustees of Centre College of Kentucky, Danville, Kentucky , he r e by certify that the foregoing is a true copy of certain portions or exc e rpts of the Minutes of the Fall M ting of t he Board of ee Trust ees of said College, held on the Campus of the Co llege in Danville, Kentucky, on October 22, 1960, i n accordance with the By-Laws of the College . WITNESS our signatures and the sea l of Centre College of Kentucky this day of October, 1960. (SEAL) ATTEST; Chairman, Boa rd of ustee s Centre College of Kentucky Secretary, Board - 16 - ����90 October 21, 1960 Centre College of Kentucky 1960-61 Revised Budget Income Student Fees Tuition Other Endowment Income Unrestricted Real Estate (net) Restricted Gifts and Grants Church Boards & Churches Living Endowment (gifts) Special Gifts Fund Aluront Fund Vocational Guidance Grants -Research, etc . Other Income Auxiliary Enterprises Residence Halls-\·lomen Residence Halls-\'1iseman Residence Halls-McReynolds Residence Halls - Breckinridge Dining Halls Bookstores Intercollegiate Athletics Student Aid Gifts Endowment Undesignated Income Appropriated TOTAL INCOME 1959-60 Actual 1960-61 Revised 1960-61 Preliminary April,1960 $362,124 4,965 $367,089 $381,300 4,500 385,800 $392,300 4,500 $396,800 $71,575 12.868 3lz917 $116,360 $69,700 14,000 321200 $ll5,'900 $72,000 14,000 33,000 $119,000 $55,662 48,373 1, 000 30,067 11,336 18, 885 $165,323 $55, 000 32, 000 -027,000 9,000 -0$123,000 $56,000 30, 000 - 030,000 10,000 -0$126,000 $ 6,574 $ 4,800 $ $35,438 12,402 5,071 19,152 38,068 33,928 21, 227 $165 , 286 $36,000 11, 650 5,400 19,500 37,000 31,000 21,825 $162,375 $37, 500 12,000 5,000 19,500 37,000 34,000 22,000 $167,000 $ 4, 300 25,908 $30, 208 $ 23,.250 $27,250 $30,000 -0- 31,675 -0- $850,840 $850,800 $844,100 4,ooo $ 5,300 4,ooo 26,000 • A �I (. l. ,., 0 r • \ [ -C ,. .. • 1..- f • c, ' t. J~ 1. I .•• ,, \ ' • ~ l. t ... .I " ,s - - " ~Q t. \ • '' '- t. C L - • ' r. -~ " • .. • l. • ,.. -- u~ F-. . • .. ,. Ji re $ .... - "<' ..: •• ) C" -- •• • - - • ... - "" J t. , -· - - r,"' (' J ~ .il ~" ... ..• • i YC: cl. • 'r l • ~ C '• .... I_. • - •• - • ~ • • • • l . ,; ~ • ' 'P •• • J t , • • - . ~ • I L,. • • ~ • • • I t -- . .- " ~ I t. ., " I • (. l .. • r - (. - - .• IE. • "" - • - ,... ',. ' '- • - • �90 B CENTRE COJ,I,EGE OF KlNTUCKY 1960-61 Revised Budget October 21, 1960 EXPENSE General Administration President's Office Comptroller's Office Business Manager & Treasurer Boards Student Services Registrarts Office Counseling Services Dean of Students Dean of Men Dean of Women Dean of Chapel Health Service Student Activities Vocational Guidance Bus Service Staff Benefits General Institutional Expense General Alumni Office General Secretary Communications Publicity Office Student Admissions Instructional E~ense Departmental & General Library Operations & Maintenance Auxilia!:l: Enterprises Centreville Residence Halls-\~ Tomen Residence Halls-Wiseman Residence Halls-t1cReynolds Residence Halls - Breck Dining Halls Bookstores Intercollegiate Athletics Student Aid Contingency Fund Total Expense 1959-60 Actual April 1960 Proposed $ 29 ,431 18,577 16,523 281 $64,812 $29 ,210 16,870 17,82.5 300 $64,205 1960-61 Revised $ 29,210 1.5, 670 17,82.5 300 $63,005 • 6, 2.59 - 04,017 - 04,989 2,97.5 9,267 5,622 8. 223 ) ,62) $ 44,97.5 5,47.5 7,000 8, 93.5 .5,.500 9, 000 21222 $ .5.5,880 $ 7,010 4, 1J5 -05,8.50 5, 600 7,000 9J.500 5,.500 9, 000 150 $ .5 ,745 24 ,417 $ 26,000 ~27 ,800 $ 9, 322 18,520 15,014 7, 295 1,.509 22 . 222 $ 79 ,637 $ 18,.500 17,260 13,230 7,420 1,.59.5 26 1220 ~ 84,725 $ 12,000 19,000 14,000 7,420 1,.595 22 .000 $ 81 ,01.5 $264 , 509 27 ,775 $292 , 284 $27) ,465 28 ,650 $302 , 115 $274,124 ~0 , 000 $104,378 $107 , 2.50 $107 , 250 $ $ $ 21,785 5,824 7,412 29 ,897 19,129 29 , 626 20 ,45g $134 , 12 - 025 , 000 5 ,700 5, 700 26 , 000 31 , 000 27 ,.500 21 ,222 $142 ,625 $61 , 976 ~ 63 ,000 $63 ,000 - 0- $ .5 , 000 $ .5 ,000 ~850 ,800 !p846 , 739 ~ ff> - 0- $806 , 60.5 $ 7,010 4,135 -0- 5,850 g, 3 4 ,124 -026 , 500 5,800 6,000 26 , 000 25 ,000 27 , 500 22 .000 $1J8 ,800 . • �• ( • , • • • • r C t \' "C f • • ( • ' • t , , , • . • • - • • ,. t t ' • I • • • .t • • • ' r' - l • • • C ,, , • .. ... \ • • - • I - .. • , �. • 91 Minutes of a SPECIAL MEETING OF 'l'HE EXECUTIVE COMMITTEE of the Board of Trustees of Centre College of Kentucky held on November 19, 196o The Executive Comm1ttee of the Board of Trustees of Centre College of Kentucky convened in a called meeting at the office of the President of Centre College of Kentucky, on the Campus of the College in Danville, Kentucky,on November 19. 1960, at 10: 30 A.M Eastern ., Standard Tjrne , such time and place having been designated by t he Chairman of the Board of Trustees, as contemplated in the By-Laws, in a notice signed and mailed by the Secretary of the College to each member of t he Committee on October 26, 196o, which notice read in words and figures as follows : "DanviileJ Kentucky October 26, 1960 Notice to members of the Executive Commjttee of the Board of Trustees of Centre College There will be a meeting of the Executive Committee of the Board of Trustees of Centre College on Saturday, November 19, at 10:30 A.M Eastern ., Standard Time . Among matters to be considered and acted upon at this meeting are the following : 1 . To receive bids for the College ' s $1,713,000 Housing and Dining Conn:nons Bonds of 1960. 2 . To transact such other business as may be required . l·l ill you please mark the enclosed card advising us whether or not you \Till be able to attend this meeting .. PIERCE LIVELY Secretary'' In the absence of the Chairman of the Board of Trustees, member Logan Caldwell presided as Chairman of the Executive Comm1ttee . The invocation was by President Spragens . Upon caJJ of the roll, the following members of the Cornm1ttee were recorded as present: Miss Cheek, Messrs.W. P. Caldwell, Armstrong, Logan Caldwell, Van Winkle and Lively . Also present was Dr . Thomas A. Spragens President of the College . The following were absent : Messrs . Baker, ~rr, Campbell, Boles, Martin, Rogers and Chairman Sutcliffe, an Ex- officio Member . �• ... .... - .. • .. • - • ,... • • • ... • • ... • • r - • • • • • \. • • • • • - • ~ • • - • • • • • • ) • \ I l • .. r• • , • • • • • • "' • • • • , ,. J' ,. • ., ... l • . ... • • ~ - . , • .. .. -• • ., .. .. .._ • • • • l • J • - - • • j-rf · • f • • . • • .J.. • • • [q j ' ,. 11 • • ., ' f .. .. .. • , • • ... •' • I • '> .. " • , -h , . I f • • • ( • • I • ) l .. • • • • • - • • • • ' , .. • • l ' (. •• • i:. '- 1 • �• I 92 -2- Only six of the t,.,elve members being present, it was declared by the Chairman that there was failure to muster a quorum for the transaction of business . Af'ter discussion it was agreed that although in the absence of a quorum no fomal action might be taken, nevertheless it ,-1ould be proper and in order for less than a quorum to open and make a record of any bids received for purchasing the "Housing and Dining Hall Bonds of 1960"; thereafter adjourning to reconvene at a future occasion when a quorum might be IID.1stered. On such basis the Chairman reminded the members present that upon the occasion of the regular FaJJ Meeting of the Board of Trustees on October 22, 1960, a Resolution had been adopted authorizing issuance by the College of $1,713,000.00 "Centre College Housing and Dining Hall Bonds of 196o," e.nd securing the same by execution of a Trust Indenture to The Kentucky Trust Company, as Trustee, all in accordance with the Loan Agreement bet1.;een the College and the Housing and Home Finance .Administrator of the United States Govermr.ent, for the purpose of providing a part of the costs of new dormitories for men and women students and a dining hall on the Campus of the College . He informed the members of the Commjttee that construction of the buildings was in progress with funds obtained from a temporary construction loan in anticipation of the sale of the "Housing and Dining Hall Bonds of 196o, 11 and that it had appeared to be desirable to sell the Bonds at this time in order that printing of the Bonds might be done, and delivery prepared for, even though it might be several months before it would be necessary or desirable to make delivery, receive the proceeds, and discharge the temporary bank loan. He explained that by proceeding in this manner, time-consuming preljminary steps would be completed, and the College would then be in position to tender the Bonds to Housing and Home Finance Agency and obtain the proceeds on short notice, whenever it might be expedient to do so; and that the College would not -pay interest, on the Bonds until that time. The Secretary then reported that he had signed a "Notice of Sale of Bonds" in form prepared and tendered by Grafton & Fleischer, Bond Counsel retained by the College, and that it had been published in The Bond Buyer, New York, N.Y., and in The Courier-Journal, Louisville, Kentucky, on November 3, 1960. He further reported that he had signed a "Statement of Terms and Conditions of Bond Sale" giving a detailed description of the Bonds and instructions as to the mannP.r and terms upon which purchase bids would be received and considered; that the Business Manager of the College, Edward M. Rall, had signed a statement of "General and Financial Information," and that all three of the foregoing instruments had been made up in the form of a mimeographed brochure which had been mailed without prior solicitation to more than forty dealers in Louisville and Lexington, Kentucky, Cincinnati, Ohio, Nashville, Tennessee, and elsewhere. He tendered to the Executive Committee affidavits from employees of The Bond Buyer and The Courier-Journal, showing publication of the "Notice of Sal.e of Bonds" together with a copy of the mimeographed brochure . These instruments were tabled for submission to the Comrojttee at a later date in the presence of a quorum. Attention was directed to the fact that the published notice solicited submission of bids to the President of the College. The President ' �•• .. • • • - • l • r • • • • • f r •• •• • • • • • • .. • • • • .. • .. • .. • .. • • • • • (, ' • ... • • -. • • • • • • • • - • • . '-' ... • - • - ,> •• • , ' • - • • ... • .. C. • • r- ·• • • • • • • .. I t • • .. , • • .. • r • • • • • • • l • , • • • 1 • • • , , • • J • • .. " J • • • • • • .. • • • • • • �. • • j ' -3was called upon and reported that the only bid received was a sealed bid of the Housing and Home Finance Administrator of the United States Government, so identified on the envelope . This bid was produced and tabled. The Chairman then asked if there were any other bids for the purchasing of any or aJJ of the blocks of Bonds as permitted by the published "Notice of Sa.le of Bonds" and the "Statement of Terms and Conditions of Bond Sale . " No bidder was heard to speak. The Secretary then made inquiry at the door, and reported that no bidders were waiting to be heard, or to submit purchase bids . The Chai1'ID8.:U then a.nnounced that the time for submitting bids was over; whereupon, he publicly opened and publicly read the bid of the Housing and Rome Finance Administrator . It was noted that such bid was for bonds bearing an interest rate of three and one- eighth per cent (3-1/8%) at a price of par or face value, together with accrned interest to date of deli very and payment, al J in accordance with the ''Loan Agreement" heretofore executed by the College and the Administrator. Comroj_ttee member Lively then moved adoption of the following resolution: RESOLVED, that in as much as a special meeting of the Executive Committee was ca]Jed to convene at this time and place upon proper notice in accordance with the By- Laws, it is in order for less than a quorum to receive and make a record of bids tendered 1n res~onse to public solicitation, for purchasing the College's $1,713,000 .00 "Housing and Dining Rall Bonds of 1960," and to adjourn over to convene again at a time when a quorum can be assembled for the transaction of business; and accordingly, the Secretary shall make a record of these proceedings, noting that the only bid received is that of United States of Arne~ica, Housing and Home Finance Administrator, offering to purchase said Bonds upon the terms provided in the "Loan Agreement" pertaining thereto; and the meeting is hereby adjourned over, to convene again in the office of Comroi ttee ~1ember Lisle Baker, in the Courier-Journal Building, Louisville, Kentucky, on Friday morning, November 25, 1960, at eleven o'clock, Central Standard Time, and the Secretary sbaJJ so notify absent memb ers . fl The motion for adoption of said Resolution was seconded by Couool ttee member Van i• inkJ e . After discussion, the Chairman put the question and l the Resolution was unanimously carried, whereupon the Chairma.n declared that the meeting was adjourned to convene again as therein provided. /s/ (SEAL) ATl'EST: /s/ Pierce Lively Secretary Logan Caldwell Chai1·1oan Executive Committee of the Board of Trnstees of Centre College of Kentucky �• • • • • • • . • • ... • • • • ' .. • • . • • • • • • . , I ..,. • • r • • • r • • • I I .. - - • - • • . • C • • ... • • • • • • • • • • .. .. • • ' • • • • l • .. • ., • • • • .. • • • • • • ., •. . • • - • • • • I • • • - • �. " 94 Minutes of an ADJOURNED SESSION, held on November 25, 1960, of the SPECIAL MEETING of the E!XEt !UTIVE CO:W.lll"l'EE of the Board of Trustees of Centre College of Kentucky, ~aJJed for and ihitially convened on November 19, 196o. The Executive Committee of the Board of Trustees of Centre College of Kentucky convened at 11:00 A.M., CST, on November 25, 1960, in, the . . office of Comndttee Member Lisle Baker, in the Courier-Journal Building, in Louisville, Kentucky, in an adjourned session of the meeting called end initially convened at the office of the President of Centre College of Kentucky, on the Campus of the College in Danville, Kentucky, on November 19, 196o, at 10:30 A.M., Eastern Standard T1roe. Elbert Gary Sutcliffe, ex-Officio Chairman presided. The Invocation was by President Spragens Upon call of the roll the following members of the Executive Committee answered and were recorded as being present: ex-Officio Chairman Sutcliffe, and Messrs. Baker, Barr, Logan Caldwell, W. P. Caldwell, Campbell, and Lively, being seven in n1uriher. Absent were the following Committee Members: Miss Cheek, Messrs. Armstrong, Boles, Martin, Rogers, and Van WjnkJe, being six in number. The Chainnan announced that a quorum was present for the transaction of business, and called the meeting to order. The Secretary reported that on the occasion of the initial convening of the meeting in Danville, Kentucky, on November 19, 196o, only six members v1ere present, constituting less than a quorum; and although no business could be transacted, it was deemed proper for less than a quorum to make a record of their attendance in response to the notice duly given in conformity with the By-Laws, to receive a.nd take cognlzence of business otherwise proper for consideration, and to adjourn over to convene again at a time and place when a quorum might be nn.1stered for the transaction of business. The Secretary then tendered the Minutes of proceedjngs had on November 19, 1960, accompanied by certain instruments received at that tjme and tabled for consideration by the Comro1ttee -- the same being instruments relating to the offering at public sale of the College's $1 713,000.00 "Housing and Dining Hall Bonds of 196o," consisting of (1) an Affidavit of an Employee of The Bond Buyer, New York, N.Y., showing publication of the authorized "Notice of Sa.le of Bonds" in its issue of November 3, 196o; (2) a similar Affidavit from an Employee of The CourierJou.rnal, Louisville, Kentucky, showing publication on the same date; (3) a copy of the informative brochure furnished to interested parties; and (4) the purchase bid of United States of Aue~ica, Housing and Hoioo F1nan~e Admjnistrator, offering to purchase the entire Bond Issue at par or face amount, with accured interest to delivery, stipulating a single �.., r - • ..... • • • • • .. • I • • • • J. • • .. • . ,, .. • • • ... • .... • ... ,. • • I • • • f .. • ... • • • .. • • .... • • • l • • • • • •. - ' • .. .. I • • • l .t • 4y • • ·~ , • • • • • • �. • 95 -2- 11ni form interest rate of three and one-eighth ( 3-1/&/,) per centum per annum, the sa.me being noted as the only bid received. The Secretary reported that in conformity with the m1nutes he had mailed to eJJ members of the Executive Committee, under date of November 23, 196o, a notice of the time, place and purpose of this meeting, the sane being in words and figures, as follows: ''Danville, Kentucky November 23, 196o "Notice to members of the Executive Committee of the Board of Trustees of Centre College There Will be a meeting of the Executive Commjttee of the Board of Trustees of Centre College on Friday morning, November 25, at eleven o'clock, Central Standard IJljme, in the office of Mr. Lisle Baker in the Courier-Journal B111Jding in Louisville, Kentucky. Among the matters to be considered and acted upon at this meeting are the following: To receive bids for the College's $1,713,000.00 Housing and D:1 ni ng Connnons Bonds of 1960. l. 2. To transact such other business as may be required. • PI H:RCE LIVELY Secretary" Commjttee Member Baker moved adoption of the following Resolution: RESOLVED, that evidence having been shown of the proper caDing of a special meeting of this Committee, the same to be convened in the Office of the President of the College, on the Catof>us of the College, in Danville, Kentuc~ on November 19, 196o, and it appearing that less than a quorum were present on that occasion, and that the members then present received and opened bids in accordance with the authorized and published "Notice of Sale of Bonds," and thereafter noted of record an adjournment of said special meeting to this time and place, supplemented by notice duly given to aJJ members of the Comrnjttee by the Secretary, IT IS BH!REBY DECLARED that this session of the Executive Commjttee of the Board of Trustees, convened in the office of Lisle Baker, in the Courier-Journal Building, Louisville, Kentucky, on November 25, 196o, at 11:00 A.M., CST, is a regular and proper adjourned and continued session of said special meeting, as ~aJJed and initiaJJy convened on November 19, 196o; and RESOLVED FUR.I'HER, that the minutes of the jnitial session of this meeting, as tendered by the Secretary are hereby approved. �' I • • • • ... • • • • • • • ' • • • , .. • • • • • • • • ••• t • • • I • ' • • • • ... • • - • • • • ... • • • .J.. • • �96 -3The motion for adoption of said Resolution vras seconded by Committee Member Campbell. The Chairman put the question and the Resolution was unanimously adopted . The instruments received by the members present at the initial session of the special meeting, as tendered by the Secretary with t he mi nutes, were then considered and fully discussed . Courrni ttee Member Lively then introduced and caused to be read in f11J 1 the following proposed Resolution: RESOilJTION BE IT RESOLVED by the Executive Commjttee of the Board of Trustees of Centre College of Kentucky that the $1,713, 000 . 00 Housing and Dining Hall Bonds of 1960, authorized by action of the Board of Trustees at its regular Fall Meeting held on October 22, 1960, and as described and refer red to in that certain "Loan Agreement," dated the 1st day of July, 196o, executed on behal f of Centre College of Kentucky with the Housing and Ho~ Finance Admi nistrator of the United States Government, be, and the same are hereby awarded in their entirety to the United States of America on the bid of said Housing and Home Finance Administrator, the same being at a price of $1,713,000 . 00, plus accrued interest to delivery and payment, conditioned upon the establishment of a single interest rate of three and one- eighth per centum (3- 1/8'/c) per ann,.un for aJJ of said Bonds; it being hereby determined that said bid was the only bid qualifying under the terms and conditions of the sale offering, received prior to November 19, 196o, at 10: 30 A.M . , Eastern Standard Ti~ , as set forth in the published notices; and BE rr FUR'118E:R RESOLVED, that said Bonds, and each of them, whether in bearer form with semiannual interest coupons attached, or in "non- negotiable" form to be registered as to both principal and interest, shall bear interest from their date until paid at a single rate of three and one-eighth per centum (3- l/8i) per annum; and BE IT FURTHER RESOLVED, that said Bonds or Bond, as designated in said bid, and in accordance with the "Trust Indenture" securing the $arne, shall forthwith be prepared by a printer acceptable to the Housing and Home Finance Administrator, and when so prepared shall, at such time as the Chairman of the Board of Trustees and the President of the College may deterrojne to be expedient, be officially executed on behalf of the College, authenticated by the Trustee , tendered for delivery, and officially delivered to said Housing and Home Finance Administrator upon payment of the bid price with accrued interest to the date of such delivery . Co,oo,Jttee :t,euiter Barr moved that said Resolution be adopted immediately . This motion was seconded by Courrn1ttee Member L. Caldwell, and full discussion followed . The Chairman then put the question, and the motion and Resolution were 11naoJmously carried. �• • •• • • • • • • • .. .. ... • .. •• • • .. • • • • ... . • • • • r' • • • • • • . •• I • • - • - .. ... • • , -., ~ • - "' • . • .. V • .. •... •,. • • ,.'- • • • ..l ,. • • .. • • .l • • • • • • • • • • - • .1 • - • t r - .. • ,~ r -... • - • l. • •• • ) I .... • !).:_. ... • ... • - - • \,. • - - • • • - • • ' • - - • ~ • ., • • • - - -. • • ~ .. ..c I • •• • 1 • .. • ' • • .. ' . . • ••• •• ~ • • t • .. .. • • .. • • • • • .. •. • • l • • , • • t • • > • • • • r • • • • -,. -· - .. • .• • • • r .. .. .. • • • • • • • • • �. • -42. On motion by Mr, Lively, seconded by Mr. L. Caldwell, the Committee approved the minutes of the October 21, 196o meeting of the Executive Commjttee as previously circulated and the reading thereof was waived. 3. The proposed schedule of Presbyterian conferences for the 511mmer of 1961, to be held on the women's campus, was presented. The schedule listed seven conferences to be held between the dates of June 13 and July 29. On motion by Mr. Baker, seconded by Mr. W. P. Caldwell, the C0nnnjttee approved the conference schedule as presented. 4. A recommendation was made that Laurence H. HolJaniler, Controller Assistant Treasurer, be authorized as one of the persons whose signature would be valid on checks of the operating fund. On motion by Mr. Campbell, seconded by Mr. Baker, the Commjttee approved the following recommenda.tion: and That the resolution passed at the meeting of the Executive Comm:ittee on April 21, 1959, concerning the persons whose signatures would be valid on checks of the operating :fund be rescinded, a.nd in lieu thereof provide that aJJ checks of the operating fund of Centre College shall be valid if they have signatures of any two of the following four persons: Thomas A. Spragens, Edward M. Rall, Laurence H. Hollander, Anna M. Moore. 5. It was reported that only the Chairman of the Board of Trustees or the Treasurer are now authorized to sign checks drawn on the non-operatjng accounts of the College, and a recommendation was presented to authorize additional signatures for those accounts. On motion by Mr. Barr, seconded by Mr. Baker, the Committee adopted the following resolution: That aJJ checks drawn on the Centre College Endowment Fund, Centre College Plant Fund, Centre College Development Fund, Centre College Construction Account, Centre College National Defense Student Loan Fund, or other non-operating accounts that may be established by the College,shall be valid if they have the signatures of any two of the following four persons: Elbert G. Sutcliffe, Thomas A. Spragens, Edward M. Rall, Laurence H. Hollander. 6. Mr. Lively reported that the United states Department of Labor had not yet made a ruling on the College's request for a redetermination of wage rates applicable to the construction of the housing facilities and dining hall. It was recommended that the College sign the construction contract for the housing and dining facilities with the provision that any possible savings resulting from a wage rate redetermjnation be credited 75~ to the College and 25<fo to the contractor. On motion by Mr. Campbell, seconded by Mr. L. Caldwell, the following recommendation was une.njmously approved: That the :Business Manager of the College be authorized to sign a construction contract with the Trammell Construction Company, in the amount of $1,724,598.00, for the construction of two women's residence buildings to provide housing for approx1:mately 176 students, three men's residence buildings to provide housing for approximately 156 students, and a dining hall serving approximately 550 students; and further 97 • I I ��• 98 -5provjd1ng that ih the event a redetermination is made by the Department of Labor reducing the m1nimun1 wage rates established for the project, any savings on wages will be credited 75% to the College and 25'/o to the contractor. 7. It was reported that final plans and specifications for the student center sho11J d be completed within approxi ma,tely four weeks. In order that the renovation of the old gymnasium for use as a student center ma:y proceed With a roininn1 inconvenience to the College, it was recommended that the m College proceed with the relocation of the athletic offices and the McM:JJJjn Memorial Room at an estimated cost of approximately $5,800.00. On ootion by Mr. Lively, seconded by Mr. L. Caldwell, the Executive Commjttee approved the following recommendation: That the College be authorized to relocate the athletic offices and the McMillin Memorial. Room from their present location in the old gymnasium to the south side of the new gymnasium, at an estimated cost of $5,800.00J and that the Business Manager be authorized to execute a iremorandum contract with Mr. A. \-1. Walker for the ski J led carpentry work involved in the movement of the McMiJJin Memorial Room on a cost-plus basis estimated to cost approximately $2,500.00, which amount is included in the total estjmated cost of $5, 800.00. 8. Mr. Lively reported that the College had received from Mr. Campbell a deed dated November 23rd, 196o, to a lot on the northwest side of Harrison Street in Lebanon, Kentucky. On motion by Mr. Baker, seconded by Mr. Barr, the Committee 11nan1mously accepted the gift with thanks to Mr. Campbell. 9. In order that the College may have sufficient funds available in its Construction Account to meet the obligations of fi.nancing the construction of the housing and dining facilities as provided in the Agreement with the Housing o.nd Home Finance Agency, it was recommended that the borrowing authority established by the January 29, 1960, meeting of the Executive Commj ttee be increased by $100,000.00. It ,vs.a reconouended further that any additional borrowing be repaid out of the first receipts, in excess of operating costs, from the capital funds campaign. On motion by Mr. Logan Caldwell, seconded by Mr. Baker, the Executive Commjttee amended the January 29, 196o, resolution to read as follovrs: • RESOLVED, that the officers of Centre College of Kentucky listed below, or their successors in office, Thomas A. Spragens, President, E. M. ReJJ, Treasurer, when acting singly, be and they are hereby authorized to effect loans from time to tjme on behalf of this College from the First National Bank, Louisville, Kentucky, and to renew or extend such loans from time to time not to exceed in the aggregate Three Hundred Thousand Dollars ($300,000.00); and for such loans ( and any and all renewals and extensions) to make, sign, endorse, execute and deliver in the name of this College to said First ' ��-6- 99 National Lincoln Bank, Louisville, Ky., the promissory notes., endorsements and other obligations of this College, and to pledge as security for such loans (and any and all renewals or extensions thereof) the endorsement, stocks, bonds, promissory notes bills receivable, and other property of this College. The proceeds of all such loans, renewals and extensions, shall be placed from time to tjme, as made, to the credit of this College on the books of said First Ne.tiona.l Lincoln Barus.:, Louisville, Ky., and such credit shaJJ have the same force and effect as if the amount thereof had been duly paid to this College in cash. "IT IS FURTHER RESOLVED, that the Bank is authorized to rely upon the aforesaid resolution until receipt by it of written notice of any changP- or revocation thereof." 10. Mr. Barr recommended the adoption of a policy for handling securities that may be donated to the development progralll of the College . On motion by Mr. Lively, seconded by Mr. Baker, the Executive Commjttee unanjmously adopted the following recommendation: That the Bank of Louisville, Citizens Fidelity Bank and Trust Company, Liberty National Bank & Trust Company, First National Lincoln Bank, Louisville Trust Company, Royal Bank & Trust Company, and the Kentucky Trust Company be requested to act as receiving agents for stocks, bonds, or other types of securities that may be donated to the College's development program. 11. On motion by Mr. Baker, seconded by Mr. Barr, the following was unanimo,tsly adopted: That the College sell all securities received as gifts to the development program unJess otherwise designated by the donor. 12. It was reported that a check in the amount of $15,095.00 had been received by the College in full payment of the mortgage on the Barry Avenue property in Chicago that was willed to the College by former President \.lilliam Clark Yo11ng. 13. It was reported that a check in the amo,mt of $2,784 .04 had been received by the College from the Louisville Trust Company as final settlement in the estate of Dr. William M. Rush. On motion by ?-1r. Lively, seconded by Mr. Baker, the following was adopted: That the $2,784.04 received from the Louisville Trust Company as fjnaJ settlement in the estate of Dr. William M. Rush be deposited to the credit of Weisiger Art & Music Building for payment on the loan for that building. There being no further business, on motion and vote the meeting was adjourned . (SEAL) /s/ /s/ Pierce Lively Secretary Elbert Gary Sutcliffe Chairman Executive Committee of the Board of Trustees of Centre College of . Kentucky • • • I I ��• . - 1.00 Project No. CH-Ky-37 (DS) Centre College of Kentucky Danville, Kentucky Contract No. H-302-480 L OA N THIS LOAN Centre College institution of (herein called (herein called A G R E E M E !'I T AGREEMENT, dated as of July 1, 1960, by and between of Kentucky, a private, non-profit, educational higher learning, located in Danville, Kentucky the "Borro1-rer") and the United States of America the "Government"), WITNESSETH: Section 1. Amount Purchase Price and "----ose. Subject to the Terms and Conditions CFA-520, -59, attached hereto and made a part hereof, and the provisions of this Agreement, the Eorrol--rer "<-rill sell and the Government, acting by and through the Housing and Home Finance Administrator {herein called the "Administrator"), will purchase $1,713,000 aggregate principal amount of the obligations of the Borrower described belovr (herein called the "Bonds"), or such lesser amount thereof as the Administrator estimates ~nil be required, together vTith the Borrower' s funds provided from other sources, to pay the development cost of the Project (estimated to be $1,745,0CO) hereinafter described, at a price equal to the principal amount thereof plus accrued interest, the proceeds of the sale of such Bonds to be used solely for the development of the said Project. Section 2. Description of Bonds. The Bonds which the Borrower agrees to sell and the Government agrees to purchase are described as follo1-1s: {a) Designation: Centre College Housing and Dining Hall Bonds of 196o. (b) D ate: (c) Principal Amount: $1,713,000, being all. of an authorized issue of such Bonds . (d) Jenoroination : $1,000; however, until such time as the purchaser or purchasers of the Bonds request(s) the preparation of the definitive Bonds, a single Bond or Bonds shall be issued in an amount equal to the Bonds contracted for by said purchaser or purchasers. (e) Type : Negotiable, serial, coupon Bonds , payable to bearer. October 1, 196o. ...... - • ��. • • !D I - 2 - (f) Interest Rate: 3-1/8% per annum, payable semiannually on April 1 and October 1 in each year, first interest payable April 1, 1961. (g) Maturities: follO"\v: October 1, in years and amounts as Amount Year 1963 1964 1965-66 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Year Junount $24,ooo 25,000 26,000 27,000 28,000 29,000 30,000 31,000 32,000 33,000 34,000 35,000 J6,ooo 37,000 38,000 39,000 41,oco 42,000 43,000 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 $44,ooo 46,ooo 47,000 49,000 51,000 52,000 54,oco 55,000 57,000 59,000 61,000 63,000 65,000 67,000 69,000 71,000 73,000 74,000 (h) Iiumbers: l to 1,713 inclusive, in order of maturity. (i) Security: General obligation of the Borrower, additionally secured by: (1) A first mortgage on the Project and the sites thereof; (2) A first lien on and pledge of the net revenues derived from the operation of the Project. (j) Place and Medium of' Payment: Payable as to both principal and interest at the principal office of the Trustee to be designated in the . ndenture, or, I at the option of the holder, at a ba.nk or trust company in the Borough of Manhattan, City and State of New York, in any coin or currency '\-Thicb, on the respective dates of payment of such principal and interest, is legal tender for the payment of debts due the United States of America. (k) Registrability: Registrable, at the option of the holder, as to principal only. ��, 1.02 - 3 . ( 1) Rede1uption Provisions : Eonds n,.unt,ered 1 i;hro11gl.1 215 inclusive, maturing October 1, 1963 through October 1 , 1970 inclusive, to be non-callable. Bonds ntnnbered 216 through 1,359 inclusive, maturing October 1, 1971 through October 1, 1995 inclusive, to be callable at the option of the Borro,.,er prior to the stated maturit~es thereof, in whole or in part and in inverse numerical order on any interest payment date after October 1, 1970 uton at leest thirty (30 ) days' prior notice, at the principal amount thereof, plus accrued interest to the date of redemption and a preinium for each bond as follows : ~% 22'1 2r' ,, 1½% 1% if redeemed Apr . 1, 1971 through Oct . 1, 1975 incl. II II II ,, fl II II II If II II ti II II 1976 1981 1986 II II II II II II II fl II after October 1, 1990 1980 1985 1990 ti II II Bonds 1,360 through 1,713 inclusive, maturing October 1, 1996 through October 1 , 2000 inclusive, to be callab]e at the option of the Bo1"r0vrer in ,-1hole or in part and in inverse numerical order on any interest payment date during the entire life of the loan, upon at least thirty (30) days ' prior notice, at par plus accrued interest to the date of redemption. Priority as to call shall extend to bonds n1im.bP.red l , 36o through 1,713 l.nclusive over bonds numbered 216 through 1,359 incl11Sive . Section 3. SaJ.e of Bonds . The Bonds ,nil be sold by the Borro,.,er at p11blic sale, the call for bids specifying that bids will be received and considered on the following basis: For (1) all maturities in (2) all maturities in the (3) all maturities in the (4) all maturities in the ( 5) the entire issue . the years 1963 through 1970, years 1971 through 1980, years 1981 through 1990, years 1991 through 2000, and In the event any of the Bonds are awarded to the Government , the Borrolrer shall, when they are ready, deliver all such Bonds to the Government at such time as the Government shall designate . The Government will submit its bids for the Bonds and such bid will be for all of the Bonds at tl1eir :par value, plus accrued interest, at the rate of 3-1/8 per centum per annum on all or any one or more of the above Blocks of Bonds . In the event any other bidder or bidders offer to purchase all the Bonds , or any portion of the Bonds in Blocks as specified at an ��. • i.03 interest cost of not more than 3-1/8 per centum per annum, the Bonds or any such portion the1eof shall be sold to such bidder or bidders. In the event of a sale of all the Bonds to a purchaser or purchasers other than the Government, this Agreement shall terminate except ,.,i th respect to obligations hereunder between the Borrower and the Government as of the date oJ' s tc:-i sale of the Bonds. In the event any of the Bonds are awarded to the Government, it is agreed that the obligations hereunder shall continue in the same manner as if all the Bonds were sold to the Government . In the event no bid is received from a bidder or bidders other than the Government within the terms herein specified, all the Bonds shall be sold to the Government . It is agreed and understood that so long as the Government owns any of such Bonds it vrill waive (1) the non-callable provisions; (2) the specified premjums for redemption; and (3) the ~ublication of call applicable thereto. 1 In the event the Government is awarded all or part of the Bonds , the Borrower, at the option of the purchaser(s), shall issue single Eonds with face values in the amount of the r espective purchases in lieu of individual denominations Eonds. Such single Bonds shall be registered as to principal and inte1--est and payable as directed by the purchasers, but other1-1ise complying vri th the description set forth in Section 2 hereof. The Borrower covenants that if such a single Bond is issued, it shall, upon request of the holder of a single Bond, issue at its own expense and within 90 days from the date of such request, negotiable bearer coupon Bonds in denominations of $1,000 , as described in Section 2 hereof, in aggregate amount equal to the amount of the single Bond still outstanding . The printing of text of single Bonds shall be of type composition on paper of sufficient weight and strength to prevent deterioration throughout the life of the loan. The Bonds shall conform in size to standard practice and contain the approved maturity schedule for payment of principal. Section 4 . Description of Pro.1ect. The Project shall consist of (a) tt-10 dormitories to house approxilnately 176 women students; {b) three dormitories to house approximately 156 men students ; ( c ) dining hall to accommodate approximately 550 persons; all with necessary appurtenant facili ties (herein collectively called the "Project" ). Section 5. Government Field Expense. The amount of the fixed fee for Government field expense referred to in Section 30 of the attached Terms and Conditions shall be $7,500. Section 6. S~ecial Conditions . The Government's obligation to purchase the Bonds of t he Bo1.. ro,1er is also subject to the Special Conditions attached hereto and made a part hereof as Exhibit A. ��. ' ' - 5 Il{ lvITNESS l·1HEREOF, this Agreement has been executed in the name of Centre College of Kentucky by the undersigned . · of said College, and t'.llder ~-~~~~-~-~~~~~its official seal, attested by its and in the name and on behalf of the TJnited States of America ., Housing and Home Finance Administrator, Community Facilities Commissioner, by the undersigned Regional ftdroinistrator. -----------j_ , CENTRE COLLEGE OF KENTUCKY (SEAL) Im.!:' ... _..;sed By /s/ E. G. Sutcliffe (Title) /s/ /s/ Thomas A. Spragens Pierce Lively President {Title ) Secretarr (Title) UNITED STATES OF AMERICA Housing and Home Finance ftdro1nistr~tor Comnn1 ty Facilities Cnmrni ssioner n; A ~, 1960 ug (Date ) By l~I wei-1-r.r R . lCPyPr:: _ Regional Administrator, Region III ��. • .105 Project :10 . CI-I- lw- ;7(.J~) EXA I SiT A Page Ppplicant: Centre College of I(entuclcy- 1 SPECIAL COI!DITIONS ( a) The Borro,1er covenants and a ~ees that , as soon as any portion of the Project becomes revenue- producing, alJ. rentals , charges , income and revenue arising from the operation or 01-mershi p of the Project shall be deposited to the credit of a special fund, to be lmo1-m as the II Centre College Dormitory and Dining Hall Revenue Fund Account of 1960 11 and held in the custo<tr of the Treasurer of the Borroi-rer, separate and apart from all other funds . Such Revenue Fund Account shall be maintained, so long as any of the Bon ds are outtita.'1ding, in a bank t-1l1ich i s a member of the Federal Deposit Insura.~ce Corporation and shall be expended and used by the Treasurer only in the manner and order specified belo1-10 (b) Current Expenses of the Project shall be payable, as a first charge, from the Revenue Fund Account as the same become due and p&..yable . Current Expenses shall i11clude all necessary operating expenses , current naintenance chargc5 , expenses of reasonable upkeep and repairs, properly allocated share of charges for insurance and all other expenses incident to the operation of the Project but shall exclude depreciation and all general administrative exp ens es of the Borrol'ver . ( c) The Borro1-1er shall establish vr.i. th the Trustee to be desicna ted in the Indenture, and maintain so long as any of the Bonds are outsta11ding , a separate Account or Accounts (l1erein collectively called the " Centre College Dormitory and Dining Hall Bond and Inter·est Sinking Fund Account of 1960 11 ) into 1-1l1ich shall be deposited all accrued interest received from tl1e sale of the Bo11ds, 1•1hich sum shall be credited against the amount to be deposited i nto the . ccount on the next interest payment date . As soon as A any portion of the Project becomes revenue- producing, and after provid:ing for the payment of Current Expenses , the Borro1-1er shall transfer from tl1c Revenue Fund Account and deposit to the credit of the Bond and Interest Sinkin 7 Fund Account , on or before each flarch 15 and September 15, such sums, ,,hich together 1-tlth the interest, for the current interest period chargeable as a Project development cost, and from the Borro,,rer ' s general fu.'1ds , if necessary, shall be sufficient to meet the debt service payments due on the irmi1ediatoly follovti.ng April 1 and October 1 . (d) Subject to making the foregoing maximum deposits and payments, tl1e Borro1,1cr may use tl1 e balance of excess ftmds in the Revenue Fund Account at tl1e close of each fiscal year: ��• • 106 E:xe I BIT A Page 2 Applicant: Centre Colle~e of Kentucky SPECIP.L COi~DITIO.lJS p fl) , t o re d eem ot1t standing Bonds on t11c next ine,erest payme11t date, in inverse numerical order and in amounts of not less t'.an $i;5_, 000 par value at one time , or (2) for any expenditures, including the payment of debt service, in improving or restoring any existing l1ousing and dining facilities or providing any such additional facilities , or (3) for any other lawful purpose . ( e) Prior to fili11g any roqtri.sition for loan fun els , tl1e I3orro1iE r shall present satisfactory evidence that it has deposited in t:1e Construction Account the s111n of $32 , 000 being t,l1e difference bet"t-1uen the amount of th3 loan and the esti~ated development cost of the Project. (f) The BoI'l'O,•rar shall, trier to the Government 1 s release of any l oan funds hereunder, deposit in a "Centre College Debt Service Resorv'3 Collateral !Lecount of 1960" established 1-Ji th the Trustee to be designated in th0 Indenture , in trust for the benefit of the purchasers and holders of the Bonds, unrestricted and unencumb0rcd direct obligatior1s of the Uni t,ed S ,J2 :,cs Govc1·nmont or securities listed on the ~Je11 York: Stock Exchan" e , ha\ring a market value o"" at least ~~160, 000, and shall maintain t!1c !TlcU"ket value of said Collateral ~ccount in at least that amount . The securities on deposit at any t:Lme in the Collater·al Acco1mt sl1all be liquidated to the extent reqtri.rcd to me0t debt service in the event the pledged revenues become i 1ru:fficiont to meet debt SGrvice requir·ements , or to provide ratably tl1e principal a"ld intcrcs·t payments on tl .c outstanding Bonds declared due and payable by reaso~ of any default under the terms of tl1c Indenture; Pr·ovided, no1-1cver , that except during any period of dci'aul t in the Borro't-1C1' 1 s obligations under tl1e Indenture sccur·ing the Bonds, the Borro1·1er st1all have the right (1) to the intcrc~t and i11come derived fron1 the securities deposited in the Collat0ral Account , (2) to substit ute in the Collateral P.ccount like securities of equal 1narketability and market valt l , and ( 3) to 1·n thdrat-1 secu1·i ties from the Collateral Account so long as the total market value of the sccuri tics r emaining on deposit, tl1cr0after is not less than the bala11cc of the principal of' tl1c then outstanding Bor1ds or $160., 000 1-micl1ever is the lesser . ��• • • I ' • i.07 Project rro , CJI- I(y- 37(D \ EXB I BIT A Page 3 Apulica'1t: ( -;) Centre College of ICentucl~ ~he Borro1-1er shall, prior to the Government • s r el ease of a:ry loan funds hereunder , deposit in a 11 Ccnt1·0 Col leg<.. Buil<1in g l'.iaintonai1ce and Equipment Reserve Collat0ral J\ccount of 1960 11 cstablis11ed 1r.ith the Trustee to be designated in the Indent'l.4re, in trust for the benefit of the purchasers and holders of the Bonds , uru·estr ictcd and unencumbered djrect obligations of the Unit ed 3ta:tes C10v crnmcr1t or sccuri ties listed on the Neir York Stock F...xchanf;c, havi11~ a market value of' at least $11.~o.,ooo, and shall maintain the market value of said Collateral Account i n at least that amount . The s e curities on deposit at a11y tj me :in said Ac..,ount n1ay l)e dra1•m on and used by the Borroi;1er for the purnosc of pa:yi.ng cost O.L unusual or c..~raor·dinary main tenancc or repair , r one1.ials , and rcplacCJ10nts, and tr10 r enov&ting and r cplacern<.:nt of fui·niturc and equipment not paid as a J)nrt of t,110 ordinary and normal expense of dorn1i tocy and dining l1all operation . Ho,-rever, in the event the balance in the "Centre College Debt Service Reserve Collateral .Accou.11t 01· J_960 11 should be reduced belo1•1 t110 required b2lanco of ~160, 000, securities on eposit in said Duildi11g and M2int na. co Fq iprrient R.eser°</C Account shall be transferred to the Debt Service Reserve Collateral Account to he extent required to eliminate tl1c deficj_ency in that account . 1n t l10 ev ent that, the balance in t:ic Buildi11g l·!ai11tenan ce and Equipment Rcsc1·v~ Collateral Accot1nt should be reduced belovr the required balmice of $140, 000, trlen this deficiency (:!hall c restoJ·ed by the depos:.t of additional unrestricted a11d unencumbered direct obli ations of' the United States Government or securities listod on the l~e1r York Stock Excha11ge in an an1ount not to exceed ~?20, 000 in any one i'iscal year . Except d1.1 ri g any perj_ of default il~ tl1e Borro,.JLr 1 s obligations od under the Indent~e s e curing tl1e Bonds, thcl Borro1.·1er shall have tho right (1) to t t~ e interest and income derived 1ron1 the securities deposited in t h e Collat~'Tal Account, (2) to substitute in the Collateral Account like sccu1·i c,i0s of eq11al mark:etabili ty and marke·t value, (3) to "t•1itl1dra1"' s e curities fr om the Collate.: ·al Jlccount so long as the total market value of tl1e securit,ico remaining on dcposi t thereafter is rlot less than $1!~0, 000. {h) The Tenns and Conditions (C~-520, 6/59) abtachod to and made a part of' the wan Agreement are:i modified ~o that1 Scct1.on 20 the1~cof shall read as follo1,1s : ��. • • I I • 108 CH- l(y- 37 ( DS) Applicant : ExBIBiT A Centro Col lege of Kentucky Page 4 SPECIAL COwD~TIONS "Soctj_on 20. (a) ~-age Rates : Upon receipt of tl1c list of wage rB~es deternined by tho S~cr ota ry of Labor in a ccordanco with t,he l\ct of i•larch 3, 1931 ( Tovis- Ba con Act, as amondod) , the Borrv'\vcr tr.ilJ. inc_ude such list in all con rrcts calling for 1-1ork on tho Project and r equire adher ence thereto . TI1e Borrower shall als o ra:J_,1ire of each of its Contr?ctors that such l.i.st shall be posted at. appr opriat.e conspicuous points on tn e si to of the Project. Unless o-'vhcrwise required b~r 1~-..1, v rage rat(,s need not be listed for 11on- manual tvorkcrs, includi11g cxocutive, supervisory, adnlinist1·B.ti ve and clerical employees . "If, :ifter tho a,-mrd of tho contract, it becomes nocessnry to c,nplo,,r any per so11 in a trade or occupatio11 not classified in the abov e list , sucl1 person shall bo paid. at 11ot less than a re to to be det,orr,.incd by the Secretary of Labor . ~uch approved minimum rate shall be 1·ct1·oacti...,c to the tirnc of tho initial cr1ployme11t of such person in such trade or occu})ation. The Contrc..1.ctor shaJ J notify ·the Borro11cr of his intention to employ persons in trades or occupations not classified in suf.i:icient time fo.c the Borrower to obtain approved r ates for such trades or occupations . (b) Comptltation of vi.~gcs on liO- IIour vfeclc: The Borro,-1er shall r equire of its Contractors (1) tl1at the ,,r".\ges of ev1..,ry laborer ar1d mecl1ard.c cnGaged in 1-1ork on tr1e f"rojec-L sl1all be computud on a basic vrocl< rate of forty l1ours per vrock, constituting a t•reck • s l•rork; and (2) tl1at i-rork i11 c.1rcess of forty hours per i-rcck shall be permit, ted upon con1pe11sation at~ one and one- half times the listed 1~ate of "')ajr for all hours worked in excess of forty hours in any one week . 11 (c) The Government n1c'ly ,-1aivo the applic2tion of this Section in cas es or classes of cas0s 1-rhcre laborers or mecl1ar1ics , not otherTri.se employed at a11y time in the Construction of the Project, voltL~tarily donate their services without full compensation for the purpose of' l mrering the costs of construction and the G0vernment determines that arrr a!nounts saved thereby a1·c fully • ere di ted to tho Borro,-rer . " 11 ��'• • I I :l:13 1-09 CFA- 520 (ex H -951) (6- 59) HOUSING AND HCME FINANCE AGENCY Conmunity Facilities Administration TERMS AND CO:t1DITIONS Constitut1ng Pa.rt of the Loan .Agreement Providing for the Financing and Construction of College Housing and Service Fac1J1ties Under Title r.v of the Housing Act o:f 1950 (PUblic Lav 475, 81st Congress, as amended) t ion 1 . Definitions . As used in these Terms and Conditions: "Government" means the .t ed States of America generally, and speci:f1.caJ J y the Housing and Home Fi oan~e Agency lits Cornrounity Facilities Administration, or the successor to the powers exercisable under ll~l e IV of the Bousi ng Act of i950, as axrended act.i ng through the Housing and Home Finance 1 in1strator, or his successor, or the Cororountty Facilities Corom1asioner or such other J:·son as may be duly authorized to act in said capacity; "Project" means the structure or :-uctures which the Government has agreed to aid in f1nan~1ng under the Loan Agreement; )8.0 Agreement" means the contract between the Government and the Borrower pertaining to ~ Government's loan :for the Project and includes both these Terms and Conditions and the xd1tract 1 ostrument or instruments of which these Terms and Condi t1.ons constitute a part; >rrower" means the educational instituti on designated in the Loan Agreement; "Bonds" 1 cm the Bonds or other obligations which the Government ag,. ees to purchase under the Loan )! •eement; and "Costs of the development of the Project.. means the cost of construction ~~k at the Project site, cost of necessary architectural/engineering services, cost of >vid1ng the necessary fi.xed equipment, legal, 8-dm1n1strative and clerical costs, cost of bd acquisition, necessary travel expenses, Government a:udit and inspection costs, interest f...-Jng construction, and other necessary misce) Jaoeous expenses as determined by the Govern- . nt. <!t ion 2 . Prerequisitee to Government' a Obligations. The Govermoont shaJ J be under no tligation to the Borrower, under the Loao Agreement, to disburse any funds there11nder, if: (a) Representations . Any representation made by the Borrover in 1 ts loan application or any supplement thereto or amendment thereof, or 1n any document submitted to the Governirent in connection with such application or l\Jelll, shaJJ be incorrect or incomplete in any material respect, or the Government determines that the Borrower bas failed to proceed promptly vith Project financing or construction; (b) F1 oancia.1. Condition. The f1naocial condition of the Borrower shaJ 1 have c banged ,rofavorably in a material degx ee f'rom 1 ts cond 1tion as theretofore represented to the Government; {c) Concurrence by GoV\:11uoent. The Borrower, having submitted to the Government the documents mentioned in Section 16 hereof, sbaJJ have proceeded without having been advised by the Goverooent that the saxre are satisfactory and in compliance with the provisions hereof; it being the purpose of this provision to insure that no action v1ll be takP..n in the development of the Project which would result in a legal or contractual violation rendering it impossible for the Government to make the loan hereunder or for the parties to accompllab the objects of the Loan Agreement. �- 2 - ~~:1~~ oru-J!~:c~p::i:!1 ;JJ~=;~ o~:rBoii::":es~~•b:~:;~o~s~tan~~e and in a 111:LM.er vh.1ch v1ll not Jeop&rdize the security o r the Boada, the furnishings a.od moveable equipment necessary to the fUl.l en,lo)'l!K!nt of the use, occupancy and operation of the ProJed, section"· Project S1te . The Project shall be located on l.and8 or the Borrower, at a site to be a ~ Govenmient . section 5. TiUe Evidence , The Borl"O'oo'e r shall furn.ish the Govenuneot satisfactory evidence or tt.s ovnerab.1p of the Projec t Bite . Section 6. Pure.base of .Bonds. The Borrower shall procptly in1t1ate and prosecut.c to comple tioo &11 proceedinis necessary to the author ization, issu&nce, and sale of the Bonds and to the security thereof. \,'hen the said proceedill68 have been completed to the point of but oot i n c l ~ the deli very of the Bonds to the Gcwerrunent, the Borrower may file a requisi t.lon requestillg the Covernment to p.u-ch&se the Bonds. The requisition shall be supported by a IJigned certificate of p.u-poses i n vbicb 1m.1st appear in reasollllble detail the purposes for which the proceeds of the Bonds covered by the requisition are to be uoe, and by such addition!Ll data a.:; the Govern::ent 8ball requ.lrc in order to determine wbether it h obl1sat.ed Wlder the p rovialons of the applicable Low! Agreement to honor such requielt1on, If the Govenl!Dent is so obligated, 1t vill prcm:iptly take up and~ for the Dond.6 covered by such requiaitioa, within the limitations, howeve:-, specified in the Loe.n Agreement . SectiOD 7. Legal. Matters. The Borl'O\fer shall. f\u'n.ish the Government a transcript of proceediil,gs for the authorizatioo, isSU!UlCe, sale &Dd security ot t.he Bond.ii: shovine, to the satisfaction of the Govennent that the Bonds, when delivered and paid for, will constitute b1.nding and legal obligations, payable and secured 1n accordance vith the ir tenor, and that all proceedings for the financing and the acquis1t1oo, constructioo and develop:ient of the Project prellm.1nary to the deli very of the Bonds to the GoverM1ent have been h!ld a.od adopted in due time, form, and cianner as required by lav. 5ectioo 8 . Security. The Borr-over shaJ..l include in the proceedings for the auth orhs.t i on, issuance, • ~ s e c u r i t y of the Bonds, provisloos for the :payment o f the princ ipa.l of and interest O.D t.he Boods and for the security thereof of the nature required to assure BUch ~ n t and to safeguard the loan hereWlder, including , in case the Bonds are payable in vhole or 1n part frOlll wzy special sources of revenues, provisions des igned to assure the production or such revenues and the application thereof to the extent required for the paysecurity of the Bomb and interest thereon, includ.ine; the lllll.1.ntenwice of reas011libla : ::r::. p �:1.13 1.1.0 · l· •':-=~e!~: t.e111p0rary tin&ncia.l aid 1D order to avoid uo4ue del&y 1n the coMtrucUon or J !Undo mlde nvail.able to t.he Borrower by the oovenwient. pursuant. t.o thh Se<:t.ioo llhal..l. -:e:~.!:t.~ t:-ra~:rr:n~~~r~:; !::-~~e ~! ~n::;al!~ ~ the ot 1 ;~ " aade e.VD.U.a.bl.e t.o the d&t.e rep1.Y111Cnt. All funds obt.a.l.ned by the Sornwer for CDOMLrY nno.neing of Ule conotruct.ion of the Project ahall be depoaited in the coo11truct.1on ...IJIWlt deacrlbed in Se<:.t.ion 12 he~f and lh&ll be 41Gbursed therefi'om only 1n accordance t.,. the provblons of aaid Sect.ion 12, 41on ll. Prerequialt.es to L0(Ul Diaburseaent.e, The 'lorn:Ner shall, prior to n.U.r,a any &Us1t10ll for i()Q.ll rundo or requesting the Goverr1111e,,t.'1 approV&l or any interilll cooat.ruc• Ll ft.n&nclng, present aat111f'actory evtdeoc,e of lta ahUlty to provide (1) the 110veable 1f.pnent and "Urnishlngs required for the operat.100 or the JTOJect; (2) ouch f\md& &S are ..essar)' 1o1it.h t.he loo.n proceeds t.o assure complet10ll of Uue Project; and (3) the Project .! or sit.es rt-ee from all. encumbnwce11, ..C.ion 12. eonatruction A<;:c0W1t, 'J'l:le Borrover shall aet up 1n • bank or balllta vhlcb a.re -.,era of the rederai oepoelt Inal.U'lLDCe Corporation, or lfitb the tiaul &£C!:DCY of tbe .rover ~ by l.av, a sep1U·11.te account or accaun\4 (be rein ,::ollectively ,:ailed the "Coo· -:uct1on Al:count") into \lhi<:h ah&ll be depoaited t.he pl'OCttda frcm aey t.empor&r)' loans or ~I"!llDeot advances, the proc:e<eda rrca the t&l• ot the 8ood8 (ex.:ept ..::<:rued 1.ntere ■ t Jlll,1• ce) and the 11.dd.itiooa.l. funds, if aey, required by the provlGiOOJI oft.he applicable Loan . - o t t.o be turn.tebed by the ik)rr0"'9r in order to asaure the ,.,.nt ot all coeta ot - development or the Project.. Moneys ln the c:or,.1t.ruet.1on Account aha.ll be expended ODl.1 , such purpoaee u ah&ll have beeo previoualY qedtied 1.n a i,1gnt!d certU"icate ot pUrpOsem t:!'d vitb and approved by the COveI'Tlllll!ot. m-e the Money• on dep;:.U. in the eonetrw:tton Accc,.urt uceed tbl e■t1.al.t.ed di1bur-11t■ on ...o.mt of the Project. tor the next 90 da.ya (3 -,nth.a), the DorrO"Wer MY depoait. such ei<<:ess iJe 1n t.iae depoaite in banks t.hat are _.ti.er■ ot the Fed,er'IU oepoait 1os,,,r111l(:e corporation ·-,rray t.nvcst aw:b excess !\Inda in direct. obligatioos ot, or oblle,at.ione the pri.n<:ipa.l of and •~rest on vh i<:h are guo.nuit.ced by, the l/1:1.ited Ster,tes ~n:.ent vb.ich shall 111&ture, or 11:b ab.all be aubJect to redemption by the holder thereof at tbe option of aucb holder, not :er than three (Ji ye&re a.rt,er the date of euch tnve■i.ent. M }bneya relllBinin& 1.1, t.he eonst.rw:t.ion t,c,::ount aft.er all cost& ot the PrOJect have been Ii ahal.l. be used for the redeqJt-1Dll o f ~ : Prorlded, tiowever, that an.Y of .o tunas 1.n an lllllO'l,l,D.t lea& than $1,000 shall be depoaitea"""Iii'tlii Bond and Interest S1.nk1.tl6 ~ 11 Account provided tor 1n the LD&n J\gr'HIZnt. ::i~~~~ =~r~~-~:= :ii ~~t~Yb~~~11\1~~::r: ~e::,::1;~\::'..;!t!"Ac~~t. o?G:°Pl'OJ.:'taaiid ~:Ot.:°8e.!: ~the ""l'Ce& and 1.n a mnn,er vbJ.cb vUl not Jeopr.rdl~ the eecurity of the l)cOd.8, the a41litionaJ. ~ BOrraw"er oo it; C1llll 101t1.&tlve, anc1: in asr:, t!TI!Jlt., pra:iiptlY upoo t.hl! requea t of the ,_.r,iment, aorrove~=°:.ite ~ d . = ~ o t tt vUl. ~ pr,;iispii,y vith all matter• ne" 98 -:3' a!:: :Cveioped 1l1 eucb 8 lll(U'lner t.bat -A.ion 14. it ~PrOCedure. Ec:OOOlliC COD8truct10ll• ~Pr~c!! ~ :e 'lbe =J:!e~~ ;::e~ the COP-ltnw:tlon work; and tllat t.he PrOJect. :.i not be of elaborate or extravagA(Jt. d.llBiSJI or 11&t.erUJ.S. 1tion 15 . ApProval.• 6114 ~ria,1u. The BoJ'TO'ler •~t~:1:o~~~~e~o:;::sand -N.1.r-ed by law ae a coiifition pr«edent to the acq • ' "Jl'8,t10ll of the PrOJect.. &ton lC ~Hlon of Pro<:eedine:•, COOt""t= ~the~=~t.:'nle 80rrover, unle&a l'lll!:rvise 1n11truc:led by the G,OVeMlll2nt, aha.ii I\I �- 4 (a) oiut· ns or ordinance s for the authorization tvo copies of the proposed re~lndi~o supplements or amendments thereto, and issuance of the Bonds, in+........ g any prior to the adoption or eoac t.oeut ofany sue h reso l utions or ordinances; (b) tvo copies of a.J 1 proposed contracts and proposed cont ract doc 11"":'nts relating to the Project, prior to the invitation of bids thereon, (c) aJJ proposed wage rates to be established by the Borrower purs 11ant to the provisions of Section 20 hereof, before such wage rates are put into effect; (d) a written statement concerning the proposed execution or award of each contract relating to the Project, before such execution and before the award thereof is approved; (e) ( f) (g) (h) tvo s ets of executed contract doc11ments relating to the Projec t a?d three sets of conformed copies thereof, before any vork, s ervice, material or equ:lpment is perfo1 a::d or furnished thereunder; a written statement concerning the proposed assignment of any interest in or part of any contract relating to the Project, be fore an a ss i gnment thereof is approved; a written statement concerning each proposed amendment , or proposed extra, change, or additional vork order intended to affe ct any contract relating to the Project, before such amendment, or extra, change, or additional work order is executed or issued; such other data, reports, records, and doc11ments relating to the construc tion and operation of the Project as the Government may require. Section 17. Construction by Contract. All work on the Project sha l] be done under contract and every opportunity shall be given for free, open, and competitive bjdding f or each and every construction, material, and equipment contract. The Borrower shall give s uch publ icity by ad.vertisPments or ra)l s for bids by it for the furnishing to it of work, labor, mat erials , and equlp1eut as vilJ provide adequate competition; and the award of each contract therefor shall be made to the lowest responsible bidder as soon as practicable : Provided, that in the selection of equipment or materials the Borrover may, in the inter est of standardization or ultive1--e economy, if the ad.vantage of such standardization or such ulti mate e conomy i s clearly evident, award a contract to a responsible bidder other than the lowes t in price, Section 18. Contract Security . The Borrower shaH require that each construction contractor Shall fundsh a bond in an amount at l east equaJ. to 100 percent of hi s contract price as security for the faithful. performance of hi.s contract and for the payment of al J persons perfonning labor and fundshing materials in connection therewith: Provided, that if applicable state law requires a separate bond for the protection of laborers and materialmen, the Borrower vil.l require that each such contractor Sha) J fundsh a bond in the amo•mt above stated for the faithfuJ. perforntmce of his contract and a separate bond in an amount required by applicable state law but in no event less than 50 percent of his contract pr ice for the payment of al l persons perfonnfng labor and f'undshing materials in connection with his contract. Section 19. Contractors' Insurance. A. the life of his contract, insurance as fol Jows : The Bol'l-over shall require that each of its constructio~ contractors Shall maintain, during 1. • Compensation Insurance. WorJmnn' s Cumpensation and Empl~ s Liabil 1 ty Insurance as reqltl.red by applicable State or territorial law f or al J of such contractors' emp.l.oyees who will be engaged in work at the al te of the Project and, if aey part of such contractors• contract is sublet the contractor shall require each subcontractor to maintain such ~ ce for al l of the subcontractor• s employees who will be so engaaed tml e ss the - �. 113 111. - 5 subcontractor's employees are protected by the pr incipal cont r actor' s insurance. 2. Liability Insurance. Public Liability and Property na.rnage Insurance in amo1mts deemed adequate by the Government for bodily injury and/or deatb, and for property damage , to protect such contractor from cl ai ms for dama.gP.s for persona] injury and/or death and damage to property of others vhich may arise from any operations under his contract whether such operations be by h1roself or by any subcontractor or anyone directly or indirectly employed by either of them; and on any part of the w ork vhich is sublet, the contractor shaJ J require each subcontractor to maintain like insurance 110) ess the subcontractor is covered by t he contractor , 8 Public Liability I ns1trance policy. Proof of Carriage of Insurance . The contractor shaJJ f'urnish the Borrower (owner ) with certificates showing the type, amo1mts, cl ass of operations covered, e ffe ctive dates and dates of expiration of his insurance policie s . Such certificates shaJ) also contain substantiaJJy the folloving statement : "The insurance covered by this certificate will not be cancelled or ma.teriaJJy altered except af'ter ten days written noti ce has been received by the owner" . At the option of the Borrower , the following insurance shaJJ be pr ovided by the Borrower c its contractor: or .1. Builders Risk Fire and Extended Coverage . Fire and Extended Coverage Insurance to protect the Borrover and the contractor and subcontractors against loss caused by t he perils insured against in the amount of 100~ of the insurable value of t he Proj ect including items of labor a.nd materials in place or to be used as part of the permanent structure including surplus materials, t emporary s tructures, and miscellaneous materials and supplies incident to the work . SUch insurance sbaJJ be maintained in full force and effect until the Project i s accepted by the Borrower from its contractor. In the event the Borrower elect s t o provide such insurance, the bidding documents shaJ) contain a notice to the bidders of such fact and that the cost of Fire and Extended Coverage Insurance ebaJ) be excluded from their respective contract bids . If the Project i s part1aJJy occupied prior to acceptance from the contractor, the Borrower shaJJ obtain assurances of coverage during such per iod; and also obtain consent of the surety company to such prior occupancy. J:cion 20. Wage Rates. The Borrover shaJ l require aJ J of its contractors engaged in work :nthe Project to c omply with any applicable State law governing the payment of minimum rates "?tba.y to workmen, jnclud1ng apprentices, employed on the Proj ect. In the absence of any > l State law, the Borrmrer sbaJ J compile , and subroit to the Government for its appr oval, ..st of preva1J1ng rates of pay for aJJ laborers and mechao1cs to be employed on t he con.._-.iutction of the Project (vhich list shaJ 1 be based upon the wage rates prevailing for the ~! ! classes of laborers and mechanics employed 1n construction activities, s~rn1Jar in :hracter to the Project 1n the area in which the Proj ect is . to be constructed) . Upon 1 .1 nj ng the Govex·ooeilt, 8 approval of any such proposed roininn>ro wage rates, or the r ates :dt1red by applicable State law the Borrower v1 J J incl ude such list 1n aJJ contracts ' ! ing for vork on the Proj e ct and require adherence thereto. The Borrower sh a JJ al so rx!ire of its contract or that aJJ such lists shaJJ be posted at appropriate conspicuous -::ts on the site of t he Project. unless otherwise required by law, wage rates need not be ed f or non-manual workers, including executive, supervisory, A.drn1nistrative and clerical rgoyees. UJ,ion 21 . Payment of Employees. The Borrower shaJ 1 require of its contractors that aJ l J-rnoyees engag~d in wor k on the Project be paid in fUll (less deductions made mandatory by A' not less often t ha n once each week• • �, - 6 - 22 Wage Underpayments and .AdJ ustments. The Borrower shaJ l require of each of i ~s Section • a contractors tht, i n cases of widerpayment of wages by the contractor, the Borrower may withholc h from sue h cont rac t or out of payments due , an aroount sufficient to pay workers employed on t e . work covered by his contract the difference between the wages required to be pa.id Wlder the contract and the wages actually paid such workers for the total number of hours worked and may disburse such amounts 50 withheld by it for and on account of the contractor to the respec tive employees to whom they are due . • Section 23. Anti -Kickback Statute . The so- called Anti -Kickback Statute, Public Law No . 324 73rd. Congress, approved June 13, 1934 (48 Stat. 1948), and the regulations issued purs11ant thereto 1 are a pa.rt of these Terms and Conditions, and the Borrower shall comply, and require each of its contractors employed in the construction, prosecution, or completion of the Project to comply therewith, and to cause his subcontractors to do likewise. section 24. Accident Prevention. The Borrower shall require of its contractors that precaution snaJJ be exercised at aJJ tjmes for the protection of per~o~s (including employees) 1 and property, and that hazardous conditions be guarded against or eJ 1 m nated. Section 25. Supervision and Inspection. The Borro,ver shaJ J provide and maintain on its own behalf competent and adequate architectural or engineering services covering the supervision and inspection of the development and construction of the Project . Section 26. Non-Discrj_mination. The Borrower shaJ 1 require that there shaJ J be no discrimination against any employee who is employed in carrying out the Project, or against any applicant for such employment, because of race, religion, color or national origin. This provision shaJ l include, but not be ]1mited to, the following: employment, upgrading, demotion, or transfer; recruitment or recruitment advertising; layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship . The Borrower shall insert the foregoing provision of this Section in all its contracts for Project work and will require aJJ of its contractors for such work to insert a sjmilar provision in aJJ subcontracts f-0r Project work: Provided, that the foregoing provisions of this Section shaJJ not apply to contracts or subcontracts for standard conu:rercial supplies or raw materials. The Borrower shaJJ post at the Project, in conspicuous places available for employees and applicants for employmen1 notices to be provided by the Government setting forth the provisions of this non- discriminatiOJ clause. Section 'Z7. Payments to Contractors. Not later than the fifteenth day of each calendar month the Borrower sbaJJ make a partial pa.yirent to each construction contractor on the basis of a duly certified and approved estimate of the work performed during the precedjng calendar month by the particular contractor, but sbaJJ retain until final completion and acceptance of aJ 1 work covered by the pa.rtic11] ar contract a reasonable amount specified in the contract suf'ficient to 1nsure the proper performance of the contract. ' ' Section 28. Reports, Records and Data. The Borrower shall submit, and shaJl require each contr~c~or and subcontractor on the -Project to submit, to the Governmeut such schedules of quantities and costs, progress schedules, payrolls, reports, estimates, records and miscellaneo1 data as may be required under applicable Federal Statutes or rules and regulations promulgated thereunder. Section 29 · Audit and Inspection• The Borrower shaJ J require of its contractors that the Government's authorized representatives be permitted and it will itself permit them to inspec aJl work, materials, payrolls, records of personnel,' invoices of materials and other' relevant data and r;cord s a~rtaining to the development of the Project; and shal l permit the Government 8 authorized representatives to audit the books, records, and accounts of the Borrower appertaining to the loan and the development of the Project The Borrower shall ~~u~:et~i~= ~~~;!~;df~dt:intained during the construction of the Tu'oject adequate facilities r e use of the Government, 1 s representatives assigned to the Project. Section 30. Audit and Inspection~ I d sbaJJ b i 1 d d ~..tJ"l-nsea. n eterm1n1ng the costs of the Project there paymenteofn~h~ ~ v:r:n!~sb:~cifi;d in t h e ~ Agreement as the agreed fixed fe~ for ·~~nse o supervising and inspecting the work appertaining �- • 1.13 - 7 - 11.2 > the development of the Project and of auditing the books, records, and accounts pertaining > the Project. The Government will bjJJ the Borrower after ave.rd of the construction >ntract for such expense, and the Borrower will promptly makP. payment to the Government ~erefor, t:om the first funds received by it for construction of the Project, as part : the consideration for the loan hereunder and as a cost incident to the financing and ~velopment of the Project. the event of terro1nation of this Agreement through the sale of aJJ of the Bonds to i vate purchasers, the Borrower shaJJ be entitled to a refund of all or a proportionate >.rt of the above fixed fee, dependent on whether the Government has inspected the construcLon of the Project and conducted audits of the Borrower's books, records, and accounts ~rta1n1ng to the Project prior to or within a reasonable time after said sale of the Bonds. 1e refund sbaJ J be in such an amount as the Government determines to be equitable under 1e circumstances . 1 4 ~ction 31 . Signs . The Borrower shaJJ cause to be erected at the site of the Project lgns, identifying the Project, and indicating the fact that the Government is participating l the development of the Project. ~ction 32. Retention of Title. So long as the Government bolds an:y of the Bonds, the )rrower shaJJ not dispose of its title to the Project or to any facility the revenues f which are pledged as security for the Bonds, or to any useful part thereof, including ~Y facility necessary to the operation and use thereof, and the lands and interests in '1Uilds comprising their sites, except as permitted in the Loan .Agreement and the bond · ithorizing proceed1ogs. · ~ction 33. Insurance on Completed Projects • Fire and Extended Coverage. Upon acceptance of the Project from the contractor, the Borrower sbaJJ, if such insurance is not already in force, procure Fire and Extended Coverage Insurance on the Project, and upon receipt of funds acquired purs11ant to the Loan Agreement, the Borrower shal J , if such insurance is not a)rP.ady in force, procure Fire and Extended Coverage Insurance on an:y other of its buildings, the revenues of which a.re pledged to the security of the loan hareunder . The foregoing Fire and Extended Coverage Insurance shalJ be maintained so long as any of the Bonds are outstanding and shall be in amo1mts sufficient to provide for not less than fu.11 recovery whenever a loss from perils insured against does not exceed 80 per centwn (80p) of the full insurable value of the damaged building. Where a Trustee is to be or has been designated in connection with the bond issue, each such insurance policy shaJJ be acceptable to the Trustee and sbaJJ contain a clause maki.ng aJJ losses payable to the Trustee as its interest may appear . In the event of 8IJ.Y damage to or destruction of any of said building or buiJd1nge the Borrower sbaJJ promptly arrange for the 4pplication of the 1 insurance proceeds for the repair or reconstruction of the damaged or destroyed portion thereof, or retire the outstanding Bonds. • • Boiler Insurance . Upon acceptAoce of the Project from the contractor, the Borrover shaJJ , if such insurance is not already in force, procure and maintain, so long as any of the Bonds are outstaod1og, Boiler Insurance covering any steam boilers servicing the Proj e ct, in a minimum amount of $50,000.00. Liability Insurance. Upon receipt of any funds acquired pursuant to th e Loa.ni~r~ement, the Borrover shall if such insurance is not already in force, procure and man an, long as any of ~he Bonds are outstanding, Public Liability Insurance with liro1ts 80 of not less than $50 000 00 for one person and $100,000.00 for more th a.n one pers~/ involved in one accident.to protect the Borrower from claims for bodily injury an or death vbich may arise from the Borrower's operations, including any use or occupancy of its grounds, structures and vehicles. �• - 8 - Section 34. use and Occupancy Insurance. Immediately upon occupancy of any portion of the Project and so long thereafter as the funds and investments o~ the Bond and Interest Sinking .Fund Account or Collateral Account, if any, (as provided l.ll the Loan Agreement) are less than the maximum debt service reserve required by said provisions of the Loan Agreement 1 the Borrower shall procure and maintain Use and Occupancy Insurance on each building the revenues of which are pledged to payment of the Bonds, in an amount su:ff'icient to enabl~ the Borrower to deposit in the Bond and Interest Si nking Fund Account, out of the proceeds of such insurance, an amount eq,1aJ to the sum that would noy oaJ J y have been available for deposit in such Account from the revenues of the damaged b11 iJding during the ti.me the damaged building is non-revenue producing as a result of loss of use caused by the perils covered by Fire and Extended Coverage Insurance. Where a Trustee is to be or has been des:ignated in connection with the bond issue, each such insurance policy sbaJ J be acceptable to the Trustee and shaJJ contain a loss payable clause maktng any loss thereunder payable to the Trustee as its interest may appear . Section 35. Parietal Rules. The Borrower sbaJl establish and maintain so long as any of the Bonds are outstanding, such parietal rules, rental rates and charges for the use of the Project facilities and such other facilities the revenues of which are pledged to the payment of the Bonds as may be necessary to (1) assure maximum occupancy r-.nd use of said facilities and (2) provide together with any other funds herein pledged to payment of the bonds (a) the operating and maintenance expenses of said facilities, (b) the debt service on the Bonds, ( c) the required reserve therefor, and ( d) the D ding 1-18.intenance ui..l and/or Equipment Reserve where such reserves are required. Section 36. Proper Records and Books. The Borrower shall covenant that it will keep accurate financial records and proper books relating to the Proj ect, other facilities the revenues of which are pledged to secure the Bonds and other pledged revenue sources and such records and books shall be open to inspection by the Bondholders and their agents and representatives. It shall further covenant that not later than 90 days after the close of each fisca!l. year it will furnish to the Trustee and to any Bondholder who shall request same in writing, copies of audit reports prepared by an independent public accountant, or where appropriate, by the State auditing official, reflecting in reasonable detail the finan~ial condition and record of operation of the Borrower the Project other pledged facilities, and other pledged revenue sources, including particularly th; Borrower's enroJJment, the occupancy or degree of use of and rates charged for the use of, and the insurance on, the Project and any other facilities the revenues of which are pl.edged in this Loan Agreement, and the status of the several accounts and funds required by the Loan Agreement. Section 37 • Investment of Funds. Moneys on deposit to the credit of the Bond and Interest Sinking Fund Account and/or the Building Maintenance and/or Equipment Reserve Account shall upon request by the Borrower, be invested by the Trustee or other desjgnated depository ' in direct obligations of, or obligations the principal of and the interest on wich are' guaranteed by, the United States Government. Where the Borrower is required to ma,,i otain fixed amounts in such accounts, the investments of such funds shall be valued in terms of current market value as of June 30 and December 31 of each year. Section 38 . Interest of Third Parties. The Loan Agreement is not for the benefit of third parties, rmd including thE; holders from time to time of any of the Bonds and the Government shall be er no obligation to any such parties, whether or not in<lirectly interested in said Ag:eement~ to pay any charges or e.i<penses incident to COJD;pliance by the Borrower with any of its duties or obligations thereunder. Section 39. Interest of Members of or Delegates to Congress. No member of or delegate to the Congress of the United States shall be admitted to or to any benefit arising therefrom. any share or part of this ~ement Section 4o. Bonus or Commission By ex t that it has not paid and , also , a·grees no to pay any b etcu ion of the Loan Agreement the Borrower represents purpose of obtaining an approval. , onus, commj ssion, or fee for the of its application for the loan hereunder. • �. • Minutes of the meeting of the EXECUTIVE COMMITTEE of the Board of Trustees of Centre College of Kentucky held at Centre College, March 24, 1961 113 The meeting convened at 2:30 p.m. in the Conference Room of Old Centre. Present were Chairman Sutcliffe, Messrs , Armstrong Baker Barr Boles L. Caldwell, l!ampbell, Lively, Rogers, e.nd Van W~nkl~ . Abs~nt vre~e Miss' Cheek~ Messrs• Yl. P. Caldwell, Martin, and President Spragens . The following administrative officers of the College were present. Dr. Heck, the Dean of the College, and Mr. Rall, Treasurer and Business Manager. 1. Mr. Rall reported that the College had an inactive bank account in a local bank that had been opened in 1951 and had remained inactive since that date. On motion by Mr. Lively, seconded by Mr. L. Caldwell, the Executive Commi ttee adopted the following: That the Treasurer of the College be authorized to cl ose the inactive bank account at the Farmers National Bank in the Peroe of "Centre College Athletic Department, Fred Arnicar, Treasurer" and transfer the balance of $190 .66 to the General Fund of the College . 2. Dean Heck revie,1ed a statement by President Spragens in which he stated as a considered basis for discussion and action by the trustees he recommended that, having due regard for the long and able service at Centre College of Professor Richard I. Rush and Professor Dwight Steere, grants of appreciation and compassion be made to their 1-1ido,.,s. After discussion by the Committee, during lrhich it determined that no apparent financial hardship now existed for either family, the Executive Comm1ttee adopted the following: That Mr. Lively, with such assistance as he may select, be requested to make a study of the feasibility of group life insurance or similar fringe benefit considerations and that he recommend a general policy for consideration by the Board of Trustees at its June meeting; and that grants to Mrs. Rush and Mrs . Steere be reconsidered at that meeting . 3. The second-quarter financial statement of the general operating fund was reviewed by Mr. Rall. It was pointed out that the budget estimates of income and expenditures for the 196o-61 fiscal year appear to be realistic in terms of experience for the first half-year . 4. Mr. Rall reported on the current status of the buiJdjng fwld for the projects now under construction - the residences and dining facilities and the student center . Cost estimates for projects now under contract total $2,632,300: residences and dining hall, $2,212,500; student center $294,800; ~dmjnistrative costs of the development program, $125,000. Funds available or in prospect within the next six months for building pu~poses total $2,158,300: sale of bonds to the Housing and Home Finance Agency, $1,713,000; development program gifts, $332,700; Uiseman Memorial Fund, $62, 600; advance payment for KCll property, $50,000. Other funds in prospect during the next two years include $40,000 from the Barnett Estate, $50,000 as the balance of the KCW property sale, and $157,670 from gift commjtments already made for the development program. • ' f �. • r • • • • • • • • , • • ' • • • " • - • f • • I • • • • t • • • • • • • • • • • , • • �-2- :114 5. lvith the approval of the special Construction Commjttee the business manager executed a contract with H D Preston Cont t f , f th t d · · , rac or, or constructi on o es u ent center . On motion by Mr. Lively second db Mr 1 c l d the Executive Committee adopted the following: ' e Y · · a well, That the signing of the contract dated March 8 1961 bet1veen Centre College of Kentucky and H. D. ~eston; Contractor, for the renovation of the • Boyle-Humphrey gymnasium for use as a student activities buil ding, in accordance With plans and specifications prepared by Murphy & Mackey, Architects, be confirmed . The cost of construction to be material and labor costs plus 5% but not to exceed $246,287; and construction to be com~ pleted on or before August 31, 1961 . 6. The President's proposed budget for the 1961-62 fiscal year was reviewed by Mr. Rall . The budget anticipates increases over the 1960-61 budget for incon:e and expenditures of approximately $80,000. Income increases are due pr1 marily to the increase in tuition, room and board costs, and an anticipated i ncrease in enroJJment to 490 students compared with 475 this year . Increases in expenditures are primarily in the areas of instructional expenses, for faculty salary increases and two additional faculty positions, and student aid , necessitated by the increases in tuition, room end board costs . On motion by Mr. Campbell, seconded by Mr. L. Caldwell, the Commjttee approved the following: That the budget of income and expense for the 1961-62 fiscal year dated March 20, 1961, and recommPnded by the President of the College, be approved. The budget anticipates total general fund income for the year of $926,775 and expenditures in 11~e amount, including provision for a contingency fund of $5,000. 7. Procedures for the settlement of the fraternities' interest in their present houses were discussed. On motion by Mr. Campbell, seconded by Mr. Lively, the following was approved by the Executive Committee; That the Buildings and Grounds Cornmjttee and the President lrork with the interested al,ironi and other proper representatives of the fraternities in determining the proper valuations of the present fraternity houses and the proportibate interests each of the College and the respective fraternities in those houses. 8. Mr. Lively reported that a court hearing was held recently before Judge Adams of the Fayette countyC:lrcuit Court on the motion of the College in the Essie Moore Barnett estate. Mr. Lively stated that the basic question to be answered is whether or not Centre College will be allowed to use the funds left to the College under the terms of Miss Barnett's will for construction of facilities for the women, 8 Department to be located on \-Test Main Street instead of East Lexington Avenue. As yet no ruling has been made on the question of location by the Judge. 9, Mr . Rall reported that the will of Guy E. Wiseman provided 1 $125JOOO for the construction, furnishing and maintenance of one or more mens dormitories �.. • \ t 1 • . • I J I \ • • • • • ' • • • • • • • • • , • • • • • r ( t .. • .. • • • " • • • • • • • • ..• ~ ' • • • .. • • " • • • I • f • • .. • . �. 115- A CENTRE COLL~G O KENTUCKY E F 1961-62 Proposed Budget March 20, 1961 Income 1959-60 Actual 1960-61 Revised 1961-62 Proposed Student Fees Tuition Other $362,124 $453,050 4 26~ $367 :os $392,300 41500 $396.800 $ 71.575 12,868 311217 $116,360 $72,000 14,000 33,000 $119,000 $73,000 15,000 33 100 $121:100 $55,662 48,373 1,000 30,067 11,336 18 885 $165:3~ $56,000 30,000 -030,000 10,000 -0$126,000 $ ~2.300 $ 6,574 ~ ~ ~ 35,438 12,402 .5,071 19,152 -038,068 33,928 21,22~ ~165,28 $37,500 12,000 .5,000 19,500 -037,000 34,000 221000 ~162,000 $49,560 10,230 5,900 2.5,650 3.920 48,450 35,500 22,000 $201,210 4,300 2,2,908 $ 30,208 $ 4,000 26,000 $ 30 ,ooo 5,9.50 26.200 $ 32,150 -0- -0- -0- ~850,840 ~844,100 $226,275 Endovnnent Income Unrestricted Real Estate (net) Restricted Gifts and Grants Church Boards & Churches Living Endowment (gifts) Special Gifts Fund Alumni Fund Vocational Guidance Grants-Research, etc. Other Income Auxiliari Ente!J2rises Residence Halls - Women Residence Halls - Wiseman Residence Halls - McReynolds Residence Halls - Breck Residence Halls - Hillcrest Dining Halls Bookstores Intercollegiate Athletics Student Aid Gifts Endowment Undesignated Income Appropriated TOTAL INC011E $ 5,300 4 22~ $457:34 31,100 -025,500 11,900 -0*110,800 4,170 (• i:p • • ! I �• • •• ·-' •• • • • • • • • A • - - ' • • • • # ·- . .. • • • • • • • ·- ... C • I • • • • • • l ' • • r -- ·• • • r ' •• - • • • • • • f • ,• • t ... • t • • • • • • t • • • I • • • • ,# • • • • • • •• • •. • ·-· • • • • • • f • ,. • t - - • • •• • • .' •• • . .. • • .. •• - • ' • . • • • - �115 - B CENTRE COLLEGE OF l(LNTUCKY 1961-62 Proposed Budget • EXPENSE i1arch 20, 1961 1959-60 General Administration President's Office Comptroller's Office Business Manager & Treasurer Boards Student Services Registrar's Office Counseling Services Dean of Students Dean of }1en Dean of vlomen Dean of Chapel Health Service Student Activities Vocational Guidance Bus Service Staff Benefits Instructional Expense Departmental & General Library & 1961-62 Revised Pro2osed $29,431 18,577 16,523 281 ~ 64,812 ~ 6,259 - 04,017 -04,989 2,975 9,267 5,622 8,223 3,623 44,975 24.417 $ :t> ~ $ General Institutional Expense General Alumni Office General Secretary Communications Publicity Office Student Admissions .Operation~ Actual 1960-61 ?-1B.intenance Auxiliaa Enternrises Residence Halls - Women Residence Halls - Wiseman Residence Halls - McReynolds Residence Halls - Breck Residence Halls - Hillcrest Dining Halls Bookstores Intercollegiate Athletics 4> 29,210 15,670 17,825 300 63,005 7,010 4,135 -05,850 5,600 7,000 9.500 5,500 9,000 3 150 $ 56:745 ~ 27 1 800 $ 30,000 18,505 18,650 JOO ~ 67,455 7,745 4,705 -04,575 6,050 10,670 9,000 5,700 9,150 2,300 $ 59,895 $ 321860 $ $ 9,322 $ 12,000 $ i ~ 19,000 14,000 7,420 1,595 271000 81,012 ~ 18,520 15,014 7,295 1,509 22,izz 72,-37 $264,509 27 775 $292:284 $274,124 301000 $3041124 $104,378 ~1oz.22io $ 21,785 $ 26,500 18,000 19,690 16,750 8,125 1,520 26,375 90,460 $25,000 5,800 Contingency Fund Total Expense 5,800 6,000 26,000 -025,000 27,.500 221000 ~138,800 $ 61,976 Student Aid 5,824 7,412 29,897 -019,129 29,626 20.423 ~134, 126 $63,000 ~ 78,300 ~ ~ 5,000 -0i806,605 s.ooo i846,739 6,000 26,500 2,.500 19,045 30,000 211200 $136,045 :f926,775 �• • • • • • • ., • • ' • • • - - • • ' - ' • I • ' - - - - ,r • • • • I .. • • - • • • • • • . • • ' • ~ •• • •• ·- - • • - • • • • • • • • • •• - .. • f I • • • r ••• • • • - • • • • .. • ' - - • • • �t ' 116 • • I I • Minutes of the meeting of the BOARD OF TRUSTEES of Centre College of Kentucky held a t Centr e College, Danville, Ky . , March 25, 1961 The regular meeting of the Board of Trustees of Centre College of Kentucky convened at 9: 30 a . m. in the Conference Room of Old Centre . Present wer e Chairman Sutcliffe, Mrs. Chaney, Miss Cheek, Miss Yerkes, Messrs . Armstrong, Baker, Barr, Boles, L. Caldwell, Campbell, Hall, Lively, Martin, Ne,-1l in, Rogers, Tate, Van Antwerp, and Van ,-llnkle . Absent were the following : Messrs . Blazer, F.H. Caldwell, W P. Caldwell, Nichols, Price and President . Spragens . These e-droinistrative officers of the College were present : Dr. Heck, the Dean of the College, and Mr . Rall, Treasurer and Busi ness Manager . 1. The meeting was opened with a prayer by Reverend Hall . 2. The Treasurer reported on the status of the general operating fund and the building fund . It was stated that experience for the first half of the fiscal year indicated that the general fund budget of income and expenditure appeared to be realistic and, 11nJ ess an extraordinary emergency arises, the bud.get should be balanced at the end of the year . The report on the building fund pointed out that present development program cornrnjtments total $2,632,300 and that funds available or in prospect within the next six months for building purposes total $2,158,300 . Other building fund resources already in prospect during the next t,.,o years total $247,670 . 3. Mr. Lively, Secretary of the Board, reported on the March 24, 1961 meeting of the Executive Committee . 4. (See minutes of Executive Committee) Mr . Baker, Chairnan of the Development Committee, reported on the progress of the capital funds campaign. He stated that gifts and commjtments now total $555,829.oB; that the workers in the Louisville area had been urged to complete their solicitation assignments as soon as possible; that the organization of the campaign in Danville was practically completed; and that most of the statewide solicitation should be completed by the expiration of the Brakeley contract on July 1 . 5. Mr. Boles, Chairman of the Investment Comrnjttee, reported that the committee, in its meeting on March 24, recommended. the sale of 300 shares of General Electric Common stock and the purchase of 400 shares of North American Aviation Common stock, and recommended that the American Tobacco Company stock given to the College under an annuity agreement be added to the portfolio of the College. On motion by Mr. Boles, seconded by Mr. Lively, the Board approved the follolring recommen&ations of the Investment Comroj ttee: a. That the College sell 300 shares of the common stock of the General Electric Company, and that it use the proceeds from the sale of those shares to purchase approximately 400 shares of the common stock of the North American Aviation Corporation. b. That the 120 shares of the common stock of the American Tobacco Company, ,,rhich were given to the College by Miss Mary Ashb)r Cl1eek, be added to the College's portfolio of pooled investments and be administered in accordance ,..,i th the annuity agreement between Miss Cheek and the College . • .. �• • '\ • • • • t • • • I • • • • • • • • .. • • • • •• • • ' • • I • ' • • • • • • - • • t • .. • • • ' • , • • • • • - • • • • • • • ., .' • I •• r • • �-2- 6. i.17 Mr. Logan Cald,vell, Chairman of the Buildings and Grounds Commj ttee, reported that his commjttee had been asked to consider what disposition should be made of the Frye House, now being used as a residence by the DKE fraternity. He stated that the commjttee felt that this house can be made into a very attractive and serviceable College unit at a reasonable expenditure. On motion by Mr. Logan Cald,vell, seconded by Mr. Baker, the Board approved the following recommendation of the Buildings and Grounds Committee: That after the DKE fraternity vacates this building the Frye House be preserved until a decision can be made as to its future use. It was suggested that ideas from the faculty and administration of the College for possible uses of the Frye House ,.,ould be of assistance to the Board and the Buildings and Grounds Commjttee. On motion by Mr. L. Caldwell, seconded by Mr. Baker, the Board adopted the following: That the President appoint a commjttee, composed of members of the faculty and e.droinistration, to present a recommendation to the Board for future use of the Frye House, 7. Dean Heck presented President Spragens ' recommendation that memorial resolutions commemorating the work of Professor Rush and Professor Steere be t,pread on the minutes. On motion by Mr. Van Antwerp, seconded by Mr. L. Caldwell, the Board requested that the following resolutions adopted by the faculty be spread on the minutes of the Board of Trustees: RICHARD I. RUSH MEMORIAL RESOWTION Since Divine Providence has removed from our midst our friend Dr. Richard I. Rush, it is the will of the faculty that an expression of our esteem of him be recorded in the minutes. For a third of a century Dr. Rush gave to Centre College the greatest of all gifts--his life. To many generations of students he was an example of the highest type of Christian scholar and teacher. In the classroom and in the laboratory he was lucid in explana~ tion kindly in manner, and firm in his insistence upon a hi~h level of performance by both his students and himself. This teaching was enriched immeasurably by his experiences in research. To his colleagues on the faculty he was an example of unswerving determination to maintain standards of excellence, In the pursuit of this ideal he was willing to give all the time and effort necessary. • Dr. Rush will be greatly missed, not only in the College corouu~ity where we learned to love him as a wise and sympathetic friend, but also in the community of Danville and in the learned societies, where he gave unselfishly of bjmself and his services. 6 Adopted January 13,191 by the Centre College Faculty ► • ��• -3DWIGHT STEERE MEMORIAL RESOIDTION The faculty of Centre College has suffered a great loss in the passing of Th-tight Steere, Professor of Music . vle wish to express to his family our deepest sympathy and to record here our own sense of loss. For over fifteen years, Mr. Steere gave freely of his talent and energy in the musical life of the College and the comnn 1nity. He ,.,as a thorough teacher, a dedicated choirmaster and organist, and an interested participant in many phases of college activity. His special devotion to and competence in sacred music led to the publishing of two authoritative books in this field. Professor Steere's clear and decisive ideas on matters of educational policy will be much missed by the faculty, as will his deeply-rooted personal integrity, which refused to compromise with expediency. These characteristics we shall miss, as well as his quick step and penetrating question and answer in our midst. \·le of the faculty desire to have this memorial displayed in the mjnutes and appropriate copies sent to Professor Steere's faroily . Adopted February 24, 1961 by the Centre College Faculty 8. Dean Heck presented President Spragens' reconnnend.ations that Dr. Cavnes be accorded pernauP.nt tenure. On motion by Mr. L. Caldwell, seconded by Mr. Boles, the follovTing resolution 11as adopted: That Dr. Max Cavnes, Assistant Professor of History, be continued in service for the academ1c year 1961-62, and that it be recognized that by this action he acquires the status of permaDent tenure as established by defined college policies. 9. On motion by Mr. Boles, seconded by Mr. Martin, the Board of Trustees approved the following faculty promotions recommended by the President: That these members of the faculty be promoted as indicated, effective September 1, 1961: Dr. Emma Moon Holdren from Associate Professor to Professor of Spanish. Dr. \·l est T. Hill, from Associate Professor to Professor of Drama.tic Art. Dr. Gordon C. vlinsor, from Assistant Professor to Associate Professor of Religion Mr. Paul L. Cantrell, from Assistant Professor to Associate Professor of English. Dr. Charles R. Lee, Jr., from Instructor to Assistant Professor of History. 10. On motion by Mr. Rogers, seconded by Mr. Van Winkle, the following resolution was adopted,on recommenda.tion of President Spragens: That approval be granted to the continuance of service 1.1.8 • I ��. \ • 119 -4of Dr. Alden Vaughan as Professor of Ancient Languages and H11manities, through the academic year 1961-62 11. On motion by Mr. Boles, seconded by Mr. Newlin, on recommendation of President Spragens, the folloWing actions ,,ere taken: (a) the appointment of Dr. James Douglas Brown, Jr., as Associate Professor of Economics and as Chairman of the Department of Economics and Business Admjnistration, at a salary of $7,000 for the 1961~62 academic year, be approved. (b) the appointment of Miss Sarah Jo Huff, as Instructor in English, at a salary of $4,500 for the 1961-62 academic year be approved. On motion by Mr. Van Ant,-1erp, seconded by Mr. Boles, the Board approved the following recommendations - the President: of 12 • That the President of the College be authorized to appoint Dr. John \>1alkup to the chairmanship of the Department of Chemistry, and to appoint Mr. Bertram Kelso to the chairmanship of the Department of Music; and that the President be authorized to make appointments to positions in the Departments of Chemistry, Modern Language, Music, Philosophy and Religion, Physical Education and Athletics (2 positions), and Sociology at salaries within the limits recommended in the budget presentation, and eensiatent with salary scales approved for the academic year 1961-62. 13. On motion by Mr. Campbell, seconded by Mr. L, Caldwell, the following recommendation by the President ,1as approved: That the faculty research grant appropriation be increased from $3,000 to $5,000 for the 1961-62 fiscal year. 14. The President's recommended budget of income and expense, totaling $926,775 for the 1961-62 fiscal year, was reviewed and discussed . The Board of Trustees confirmed the approval of the budget by Executive Connnittee. 15. On motion by Mr. Baker, seconded by Mr. Barr, the follo,-1ing schedule of salaries for members of the faculty and admjnistrative officers were approved, effective September 1, 1961. PROFESSOR Cook Hazelrigg Heck Hill Holdren Misch Ritchie 196o-61 7,6oo 8,200 10,000 (8,300 base) 6,800 1, 000 Proposed for 1961-62 8,100 8,800 10,800 (9,000 base' 7.200 7,000 7,400 7,500 ��120 -5PROFESSOR (Con't.) Robinson Rush Shideler Steere Svreeney Ullrich Vaughan \·lalkup ASSOCIATE PROFESSOR Barbour Brown Bryant Cantrell Conklin Ellis Heffelfinger Hill Holdren Inman Kellam Knowles Loetscher Nichols Noble \-linsor 1960-61 7,000 7,500 6,000 (part time) 7,000 7,200 8,400 (7,000 base) 8,000 7,100 5,6oo 6,600 6,400 6,600 6,000 6,600 6,300 6,300 (5,700 base) 6,500 8,000 (6,650 base) 6,6oo 5,600 6,000 ASSISTANT PROFESSOR 6,000 Cantrell Cavnes 5,6oo 5,100 Hodgkins 5,200 Kelso Lee 5,000 Magill 5,400 Reeves 5,100 Vestermark 6,000 ~ linsor IlJSTRUCTOR Brummett Huff Lee Madden Payne Rogers 5,900 (5,350 base) 4,500 4,500 4,300 4,700 INSTRUCTOR - PART-TIME Cheek 2,100 Dondero 500 • I I Proposed for 1961-62 7,500 7,800 9,000 (7,500 base) 8,6oo 7,800 6,000 7,000 resigned 6,6oo resigned 7,200 6,500 promotion promotion 6,800 (6,100 base) 7,000 8,500 (7,100 base) 7,200 6,000 6,800 6,800 promotion 6,100 5,600 6,000 5,400 5,300 6,200 5,600 promotion resigned 4,500 promotion 4,800 resigned 5,200 2,400 600 ��• I . • • I l -6VACANCIES (rank undetermined) Chellli.scry (vice Rush) Language (new position) Sociology (vice shideler) Religion (vice Bryant) Music (vice Steere) Physical Educ. & Athletics Brummett replacement Payne replacement Proposed for 1961-62 5,660 5,200 5,200 6,000 4,500 - 7,200 7,800 6,000 8,500 5,600 . 5,500 - 6,500 (base 5,000 - 5,900) 5,000 - 6,000 (base 4,500 - 5,400) ADMINISTRATIVE OFFICERS - 12 months ---- 196o-61 10,000 6,500 Rall Frazer Proposed for 1961-62 10,800 8,000 16. On motion by Mr. Campbell, seconded by Mr. Baker, the following resolution was adopted: That the establishment of custodial accounts with the Kentucky Trust Company titled Centre College Debt Service Reserve Collateral Account of 1960 e.nd Centre College Building Maintenance and Equipment Reserve Collateral Account of 196o be approved, and that the Treasurer and Chairman of the Investment Committee be authorized to administer these accounts in conformity with the trust indenture. 17. On motion by 1"1:r. Barr, seconded by Mr. Baker, the Board of Trustees adopted the following resolution as recommended by President Spragens: That the College accept with appreciation the gift of $1500 from Mr. and Mrs. Richard S. Watson for the establ i s ~ t of the Richard Stanford \· atson, Junior Memorial l Award under the following terms: "The Richard Stanford vlatson, Jr. Memorial Award, established by Mr. and Mrs. Richard S. Watson in memory of their son, awarded annually to a ma.le sophomore of Centre College who exemplifies campus citizenship of the highest order. • • "Gift or gifts to establish the above shall be known as the principal and is to be adrojnistered by the Board of Trustees of Centre College of Kentucky, or as designated by the Board of Trustees. This principal shall not be used for any purpose other than to insure and perpetuate the award or financial aid as described below. "Not more than $75.00 of the earnings from the principal shall be used to purchase the award for any year. In the event earnings from the principal are less than $75.00 money may be accepted from other sources to raise the sum to $75.00. Any money earned or received during any year in excess of the required $75.00 shall be added to the principal. It is the intent of those establishing the award, however, that the award shall not be allowed to depreciate in value in spite of any limitation. ��-7- 122 0In event the principal reaches the sum of $10,000.00 or more the earnings from the principal in excess of the $75.00 required to purchase the award shall be used by the Board of Trustees, or its designated agency, to aid a male Centre student or students in need of financial assistance beginning ,,1th his or their sophomore year and whose freshman year was at Centre. /s/ Mrs. R. S. ,1atson / s/ R. s. vTatson" 18. It was reported that the building program is progressing satisfactorily. Construction on the residencesand dining hall was started about December 1, 1960, and excellent progress has been made on those buildings considering weather cond.i tions since that time. \-Tork on the student center was begun about midMa.rch. Since that is a renovation project, it is worth noting that no serious unforeseen contingencies have yet been encountered. 19. On motion of Mr. Rogers, seconded by Mr. Tate, the following recommendation of the President was approved: That the appointment of Mr. Henry C. Lewis as Plant Engineer and Director of Buildings and Grounds at a salary of $7,200 be confirmed and approved. 20. Mr. Lively reported that the College had received on January 31, 1961, a deed to certain real estate in Lebanon, Kentucky, as a gift of Mr. and Mrs. Don Campbell to the capital funds campaign. He further reported that he bad received an offer from the Lebanon Board of Education to purchase this real estate, together with an adjoini~g parcel previously given to the College by Mr. and Mrs. Campbell for $7,200 . 00 . It was stated that the matter had been investigated and the price was considered fair. On motion of Mr. Barr, seconded by L. Caldwell, the Board adopted the following: That the sale of these t,-10 parcels of 11nimproved real estate to the Lebanon Board of Education for $7,200.00 cash be approved, and President Spragens was authorized and directed to execute a deed on behalf of the College to effect this sale. The next meeting was set for the ,,eekend of commencement ,-1hich is to take place on Sunday, June 4, 1961 . 21. Adjournment Respectfully submitted, PIERCE LIVELY Secretary ��. • :11.23 Minutes of the meeting of the Executive Committee of the Board of Trustees of Centre College of Kentucky held at Centre College, June 2, 1961 The meeting convened at 2:00 p . m. in the Conference Room of Old Centre . Present ,-1ere Chairma.n Sutcliffe, Miss Cheek, Messrs . Armstrong, Baker, Barr, Boles, L. Cal d,vell, vl. P. Cald1-1ell, Campbell, Lively Martin Rogers Van WinkJe, and President Spragens . ' ' ' 1. The meeting was opened ,- ith a prayer by President Spragens . T 2 . The third-quarter financial statement of the general operating fund ,-,as revie,ved by Mr. Rall. It ,,as pointed out that the anticipated income from Church Doards and churches was overestimated by about $10,000 for the year, but an evaluation of total income and expense indicated that the budget ,,111 be in balance at the end of the year . 3. Mr. Rall reported on the current status of the building fund for the projects now under construction- -the residences, dining hall, and student center . The cost of present projects will total $2, 632, 300; funds available or in prospect, including a banlt loan of $150, 000 total $2, 641, 275 . Estimated cash requirements to September 1 are $831, 900 and the estimate of the cash available to that date is $595, 565 . 4. On motion by Mr . L. Caldlrell, seconded by Mr . Campbell, the Executive Commi ttee adopted the follo,-ring: a . That the Treasurer of Centre College of I(entucky be authorized to borro,, for operating purposes up to the sum of $30, 000 from the Farmers National Bank of Danville . This authorization is to expire September 30, 1961. b . That the Treasurer of Centre College of Kentucky be authorized to borrow for operating purposes up to the sum of $20, 000 from the Citizens National Bank of Danville . This authorization is to expire September 30, 1961. 5. President Spragens reported that the recent gift of $20, 000 from the U. S. Steel Foundation has been credited tentatively to the building fund . He suggested that the gift be discussed by the Board of Trustees for determination of use . 6. President Spragens stated that total church support of the College's operating budget is not increasing in proportion to increased operating costs, and he stated that support from the U.S.Synod for 1960 lras $6,745 less than the Synod's budgeted intention of $18,000 . On motion by Mr. Campbell seconded by Mr. Barr, the Connnittee adopted the follouinB recommendation to the Board of Trustees : That the Board of. Trustees a.dept the follo,Ting resolut:i:ol!ls . providing for appropriate conurninications to the Synods of Kentucky: \ �• J • • • • .... ' • • • • • •• • J. • • • • I - • • • • • - • r , • • J 4 .. v • I • - • " ..' - • t.. • ~ 'l ; f • .' '- f .i • • r • • ~ • • • f ... • • •• r . • .. ,. • • L ... \ • • I • ,. ' • • ) • • • r .... • • .. • • • - ' • \ l ' • .. .. •• -) • .. • ,... • • ... • • • r • 1 • .. ' J. • ,. .. ,., • • • • • - • I • • -, r • t ... • .. • • • • • • r . f • r • • .. • t (' .,. • • •. , • l . • ' • • t • • • '"'3 • . .,_" • • �• -2- 11.24 • • • i l RESOLVED, That the Board of Trustees receive 1Ti th appreciation the • annual report of the Board of Curators of the College; and that the President of the College be requested to convey to the members of the Board of Curators individually and to the Synods of Kentucky this appreciation recognizing especially the great value to the College of the constructiv~ and helpful counsel of the Board of Curators in the efforts of the faculty and trustees to provide for the continuous development of Centre as an institution of liberal higher learning based soundly upon Christian principles and conducted 1rithin the context of the Christian faith and the great heritage of our founding and sustaining Presbyterian Church . RESOLVED FURTHER, That the President be requested to inform the Synods of Kentucky that throu~ diligent efforts of trustees, alumnj_ and friends of the College nearly $750, 000 has no1- been raised toward the goal of 1 $1, 500, 000 in capital funds through the campaign endorsed by the Synods in June 196o, and further to advise the Synods that the Trustees will continue to 1-rork 11nremittingly to1vard the full accomplishment in 1961 of the total objective of the campaign . DE IT RESOLVED FURTHER, That the President of the College be requested to express to the Synods and to the Boards of Christian Education the very deep appreciation of the Trustees for the ann11al financial support coming to the College from the Church, '1hich is so important to the successful accomplishment of the Christian purposes of the College; to advise the appropriate commjttees of the Synods of the rapidly increasing costs of operating the College under existing circ11mstances in higher education; and to express to the Synods and Boards the hope that the means may be found whereby the Church may continue to maintain its proportional part of the operating budget of the College, recognizing that this support is important not only for its direct budgetary implications, but to insure the understanding and appreciation of individual supporters and donors that the relationship of the College to the Church is important and essentially determinative of the fundamental policies and purposes of the College . Finally, BE IT RESOLVED, That the President of the College be requested to co1 001unicate to the Synod of Kentucky, U. S. the deep concern of the Trustees that the appropriations received by Centre and the Louisville Seminary for 1960 fell short of the Synod ' s budgeted intentions by $6,745, being in fact $11,255 as against the budgeted intention of $18,000; that this has constituted the greatest failure of the Synod in meeting its budgeted intentions for the tlTO institutions in many years; that as a result thereof the College is faced '\·Tith the possibility of an operating deficit for its 196o-61 fiscal year in spite of major efforts to achieve operating savings to counterbalance this l oss; and that the failure of the College to achieve a balanced budget of income and expense in its operating fund is a potentially great deterrent to th7 achieve~ent of the large capital support from outside sources which is essential to the accomplishment for the future at Centre of those purposes of the Synod which have been so ably co1ooow.icated to us in recent years by the Board of Curators and to the accomplishment of which the College is firmly dedicated . we therefore respectfully request the Synod of Kentucky, U. S. to consider fully its declared purposes in higher education at Centre, at the Louisville Seminary, and at Lees Junior College and to give m~st th~ughtful study to the means of achievement of its considered budgeted intentions for these causes . �• ~ r • l ... • lo ) • I • • • • ... .. r • • • I • - .. ' ~ I • • J •• '-• •- • ..r ' (, •• ') \ •• • J • • r l'°' ~ , • • • - • • (.. r • .1. • •• • - • J • • f • •L ,: • • t • • , , tJ ~ r r • • ... • .,. ,• r . I ' , - -. .J. ... '..,. '-.1. j r • 1 • • • ,. l • • ... - '· • • • • • • • '- • .. ' • • .. • ./ -. • - '1 I f .. • ... • • • l ' l r t • • r ~ . , • • • ~ l "' • .. • • ..,. • • r I • • t • • .,,_ • C • • • • • • • • • ' ;,. \ • • ' ... • -- ~ • ... • • • • ,. • p • • - -... - .... • • • - • ' • .... "' • • , - ) • . •• I • ... - : r .. .. • •• • • .r -· • • • • • • , • • f • • • • . - • I. • . .J.. , , • • • • • • • .t I " • ~ • • . • • • 1. • r • ~ p • " • • �-37 •. On 125 b.Y 1wJ.l' • .oct..tieL·, t:>eeonuea. oy rv1r . .rlogers 1 on recommendation of President Spragens, the following actions were taken: LUOt.1.O1 1 a. the appointment of Miss Joellen K. Bonham as Instructor in Music at a salary of $4, 500 for the 1961-62 academic year, be approved . b. the appointment of Mr. Spencer Holt as Assistant Professor of Physical Education and Athletics, and Football Coach, at a salary of $6, 200 for the 1961-62 academic vear , on a .. ten-month basis, be approved. c. the appointment of Miss Frances Jacob as Professor of Modern Languages, at a salary of $7, 500 for the 1961-62 academic year be approved . d . the appointment of William C. Sagar as Assistant Professor of Chemistry, at a salary of $6, 500 for the 1961-62 academic year, be approved. e . the appointment of Mr . Terrence N. Tice as Assistant Professor of Philosophy and Religion, at a salary of $5, 600 for the 1961-62 academic year, be appr oved . f . that Dr. Gordon Winsor, Associate Professor of Religion, be named Chairman of the Department of Philosophy and Religion; and that his salary, previously approved at $6, 800, be increased to $7, 000 for the 1961-62 academic year . 8. Mr . Lively reported on his study of a fringe benefit program for employees of the College . On motion by Mr . Campbell seconded by Mr. Armstrong, the Committee adopted the following recommendation to the Board of Trustees : That the Board of Trustees adopt an insurance benefits program for the employees of the College that would include substantially the following: a) Group life insurance coverage of $5, 000 for professors , associate professors and selected e.dmjnis trative officers ; $3, 000 for assistant professors, instructors, and selected a.dministrative employees; and $1, 000 for all other full- time employees of the College . b) Major medical expense insurance coverage for all members of the faculty and selected administrative officers . c) Disability insurance coverage for all members of the faculty and selected administrative officers . That approxjmately 75% of the insurance program be paid by the College, at a total cost to the College of about $7, 500 for the 1961-62 academic year; and that the group life insurance be carried by the Commonwealth Life Insurance company, and the major medical and disability insurance by the TeachersTrs1rance and Annuity Association . �,.., I • • • - T • ' • i ' • • .1 • •• • • ,. • .. • 4 ' • r rf • • • .. - • • • • 1 • \, • • • • • ... • .L .fj • • - ' • .. - • .... ., I .. i _. - .. .. • • • 'c ' ' ' . • ~ 1 • • .a l • • • • • ' •. • • • • .... ... I \ • • • -1 • 0 • ~. -- j • l • • I .- - .. • -· • - • - .l • • • • • ... .. t • n • • T • • ... • • \ 1 •I •• • • • • •• • • -, • I • • , • • • • • • • '\ • • .. .. .. • • • • • • • • .. ... • • • ... • .( I • • ..f • •f • • ~ • • ) • ,' .... • .. • - • • • , • • ' ' .. - "du �126 ~. On motiqfl by Mr. Armstrong ru.. ttee adopted ·che :follO\·Ting: s~con0.ed by Mr. Boles, ·the Exe<.."'U-a~ve C'om- That having due regard for the long and able' service at Centre College of Professor Richard I. Rush and Professor Dwight Steere, grants of appreciation and comnassion be •na.de to their ,.,idows in the amount of $2,500 ;ach, and that the Treasurer be authorized to pay these grants from the general operating fund. The George F. Baker Scholarship program ,.,as discussed with speciaJ. empr,asis on the fact that Trustees ,,r ill be asked to serve on the Selection Committee of the College. )_O • 11. President Spragens announced officially the receipt from Dr. C.H. Parsons of Ashland, Kentucky, of a pledge of $50,000 for the remodeling of McReynolds Dining Hall for use as a student health center, or infirmary. The PresideLt stated that $10,000 has been received and that Dr. Parsons intends to pay the total commjtment over a five -iJ'cnr period . 12. President Spragens reported on discussions with the city School Board relating to the exchange of properties betl1een the College and the city School Board. '1he fresident reported that the College probably will receive $501 000 from the School Board after July 1, 1961. 13. l~.Rall r eported en the progress of the building program. He stated that in spite of unfavoraole weather for construction the proJccts are not far off schedule,. It ,.,as pointed out that the College can make a substantial annual reduction in electrical costs by providing for the single metering of all buildings on tne combined ca~pus. The intial cost of providing master metering is $20,000, whivh would result in an annual savings of about $6,500 in electrical usage. The Executive Committee voted to go on record as favoring the adoption of a master meter electrical service for the College . 14. President Spragens reminded the Committee that the air conditioning equipment for the new dormitories bad been deleted from the construction contract. The President also reminded the Commj ttee that a plan for campus roads and walks and a plan for Student Center furnishings soon will need to be considered. 15. Plans for an Alumni Convocation on October 28, 1961 were discussed. On motion by Mr. Baker seconded by Mr. Campbell, the Committee approved the following recommendation to the Board of Trustees: That the Board of Trustees ma~e plans for an Al11mni. Convocation to be held L'l'l conjunction ,.,ith Homecoming activities on October 28, 1961. 16. Mr. Baker reported that the Development Program has secured the following gift commitments: �....v ...., f ...... • ' ' - r • • .. .i. - • i r L • .. • L.l J J. f • . l* • .. J \ • . ~ t .,£ ' • • _.\ I .J •• • b ) , .. ( ,. rj .. ,:f lI.t,r .. :.. • • .. - • • •• • I I Jo: .._, • ~fN .. • • 4,(1 . \ 1 • r - "'"rt '- J ' ~ ,. Ol .. .l ~ i ..l r .. .J ~(.., - ~ ..;. • ( - "'\ ... ... -. • '- • I ~ v. ... • > T r • •• .. ·- ~ • i ... ,t " _, • C.., -r • ' " ~ ' .. •• ' • '- ... ... ..... . •~ r ..., t j !v - ... -· • \. ... ~ . ' JJ • rlj • .... • ... • () • s 'J. ... .., • \.,; • i ,t r ... ..1 • ,.. c; • r • + . .... -- 1 )' • J • 1. •. iJ- '.t 3 .J NQ - t; ...l • .ft ...l\ '\ ,.,. • ) Ji...:JJJ r ") • -l.. 0 0 \) • l\. •V ~ _[ • • 1! ... • • • t • • • LJ I • o...> r .. 5 ,. • • ! .. v - I j- .J. • • GV.C ;J ... ... • • ... • •" :,,r r ... L r.. - .. . • • T • 'l, t"'f l ..... 1: - • '). ~ ... • • SJ .. • • c.. .. I '~ er - • .l ,... r • ' • r . t :). • n f • , { • .. ... • • r • l t • • . • • - • 'I... l . • • • !);r cr.ar l • • __.a.t )J. . .L ; lJ "\ • " :. OS .. • 't ~ • C ... I C. (' ,. t . - u .c\o:ol.[ -a. r.v - c..IJ!) • Q ... • .r "' 1 • .. .' • ( ' .. rI t. •• .. ..,,. • ·t *j' • • 1' • l ... ,.. • • • .. r .. • ... .., .1 ' -t. • r • j . t ... , •• y I --~ .o.t n~r 0 • • :''I ' • • • • I ' r • --· • +,\ c;. • • • l 0 \ ) • • . l. • • • • .... ' .• - llJ [ \ t .I I •) - - ... ... u • .. .1 • (' I"') • • • ! r• - ' I • .J. • ~t • I • •... •. • • J • . \f ,._ • ....... • .- • u ... • . .., ( ~ .. • ... • \I ... ·- C .l. ~) • .. • V • .. t - ! '. .., .. • .. • . .. . l ., .. • J v - T • )~ - • .. • ·n • • :J( • . .... • :J· -• . ·c -... tt • • !::l,Uf..'\{ • L' • • .cno • • • _, • .. .L .f .,... • r ' 1 Ir • Sell • SJ t • • • • - 01[ 1 ... • C: • • .. - .. • I' • j" r • �127 . • • i f -5 Trustees Buildings $285,612 .63 Endowment 72, 000 .00 Faculty & Administration 14, 557 .00 Danville Campaign 47, 650 .00 Louisville Campaign 149, 158.38 Blue Ski Committeemen 10, 847.63 Prospects 24, 000 .00 Other Sources Dr . Parsons 50., 000 .00 Miscellaneous and Unsolicited Commjtments now total $712, 967 . 61. Campaigns have been organized in Ashland, Covingtcn- Cincinnati, Danville, Frankfort, and Louisville . Organization is in process in Lexington and Owensboro . 17. Presi dent Spragens discussed the need to employ a development program director for the College . 18. The next meeting of the Executive Commjttee will be at the call of the Chairroa.n . On motion the meeting 1-1as adjourned by Chairman Sutcliffe at 4: 45 p .m. Respectfully submitted PIERCE LIVELY Secretary ��I . • Minutes of the meeting of the BOArlD OF TRUSTEES of Centre Col lege of Kentucky D anville, I(entucky, June 3, 1961 The 1neeting co11vened 9.t 10: 00 a .m. in the conferen~e .coom of O d Centre • ' Present were Chairman 8utcliffe , ~,iss Cheek, ~Iiss Yerltes , l . , Messrs • .'-\.rmsi;rong, Bake1·, Darr, Dlar.er Boles Frank Cal d\Tell Logan Cald,,rell, ,·l • P • Cald,-1ell, Campbell, Hall, Li v~ly, Martin, Ne,rl l.n, Nichol s, Roger s , Van Ant,-1erp, Van Winld.e, Trustee Emeritus Hugh Nevin, and Presi dent Spra.gens . l . The meeting was opened ,rith a prayer by Dr . Frank Caldwell . 2. The third- quarter financial statement of the general operating fund, and a report on the current status of the building fund, were rev1eved by the Tree.surer, It \las stated tl1a.t the gi fts a.nd grants section of general operating fund income uas overestimated for the year, but anticipated savings in some expenditure a.reesshould result in a balanced budget at the end of the fiscal year . The Treasurer pointed out that funds already available or 1n prospect for construction projects now under way total $2, 491,275, excluding a bank loan of $150,000; the cost of those construc tion projects vTill total $2, 632, 300. 3. The application of a recent gift from the United States Steel Foundation ,1as discussed by the Board of Trustees . On motion by Mr. Newl in, seconded by Mr . Boles J the 13oard adopted the follo11ing: That the tinrestricted gift of $20, 000 from the United States Steel Foundation be deposited to the credit of the Centre C0 llege Plant Fund for use in the present construction program; and that the Executive Committee of the Board of' Trustees attempt to ~ork out a program or formula for the allocation of a proportionate part of future unrestricted development program receipts to endo,;.nnent . 4. President Spragens re·vie1red the April 1961 report of the Board of Curators of Centre College, copies of ,~1ich had been transmitted previously to members of the J)oa.rd of Trustees• 5. President Spragens stated that he wouJ.d lM.ke a full report to t he Board of Trustees l:l:t the end of the year, but the follo,1ing highlights of the year to date ,.,ere reported: a . The 1960-61 Freshman Orientation Program has proven to be highly successful. b . Prelindnary admissions figures indicate that enrollment in Septerober 1961 will approximate Ji90, compared lTith 464 in 1960, and that the admj ssions standards for freshman ,nll be slightly higher than in the previou5 year . c . All faculty appointments for the 1961-62 school year have been made with the exception of a second appointment in Physcial Education and Athletics . d . The Centre College Carnival program was moved from the week of graduation to a week-end earlier in the spring. The change was ��. • -2- ,;-1ell received, especially by the students, and the College proposes to contintte the program at the earlier date . e .Definite progre~s has been made of a ne,;-1 athletic conference to & Lee) South,;.1estern, University bly t,;.10 other southern colleges athletic aims. to,-1ard the organization include Centre vlashington of the South, ~d probaof compar able size and f .Faculty salary comparisons of Centre with Davidson South,-restern, University of the South and t-lashington & Lee ,,ere discussed. J The President directed attention to the reports from the administrative officers of the College . Copies of the reports were avail able for the Board of Trustees . 6. Mr . Lively , Secretary of the Doard, reported on the June 2, 1961, meeting of the Executive Committee . meeting . ) (See minutes of the Executive Comrnjttee A. On motion by Mr. Lively, seconded by Mr . Van Antwerp, the Board adopted the follolTing recommendation of the Executive Cornrnjttee: That the Board of Trustees adopt the following resolutions , providing for appropriate communications to the Synods of Kentucky: RESOLVED, That the Board of Trustees receive ,;-1ith appreciation the annual report of the Board of Curators of the College; and that the President of the College be requested to convey to the members of the Board of Curators individually and to the Synods of Kentucky this appreciation, recognizing especially the great value to the College of the constructive and helpful counsel of the Board of Curators in the efforts of the faculty and trustees to provide for the continuous development of Centre as an institution of liberal higher learning based soundly upon Christian princi ples and conducted ,-,ithin the context of the Christian faith and the great heritage of our founding and sustaining Presbyterian Church. RESOLVED FURTHER, That the President be requested to inform the Synods of Kentucky that through diligent efforts of trustees, alumni and friends of the College nearly,$750, 000 has no,., been raised to,;re.rd the goal of $1, 500, 000 in capital funds through the campaign endorsed by the Synods in June 1960, and further to advise the Synods that the Trustees ,- ill continue to worl< unremittingly toward the full accomr plishment in 1961 of the total objective of the c8Jllpaign. DE IT RESOLVED FURTHER, That the President of the College be reouested to express to the Synods and to the Boards of Christian Education the very deep appreciation of the • • ��. • Trustees for the annual fj.nancial support coming to the College from the Church., lThich is so important to the successful accomplishment of the Christian pur:poses of the College; to advise the appropriate committees of the Synods of the rapidly increasing costs of operating the College under existing circumstances in high.er education; and to express to the Synods and Boards the hope that the mel.Uls may be found 1-1l1ereby the Church may continue to maintain its proportional part of the operating budget of the College, recognizing that this support is important not only for its direct budgetary implications but to insure the understanding and appreciation of individual supporters and donors that the relationship of the College to the Church is important and essentially determinative of me fundamental policies and purposes of the College. Finally, BE IT RESOLVED, That the President of the College be requested to communicate to the Synod of Kentucky, U.S. the deep concern of the Trustees that the appropriations received by Centre and the Louisville Seminary for 1960 fell short of the Synod's budgeted intentions by $6,745, beins in fact $11,255 as against the budgeted intention of $18.,000; that this has constituted the greatest failure of the Synod in meeting its budgeted intentions for the t,-10 institutions in many years; that as a result thereof the College is faced ,11th the possibility of an operating deficit for its 1960-61 fiscal year in spite of major efforts to achieve operating savings to counterbalance this loss; and that the failure of the College to achieve a balanced budget of income and expense in its operating fund is a potentially great deterrent to the achievement of the large capital support from outside sources uhich is essential to the accomplishment for the future at Centre of those purposes of the Synod ,-,hich have been so ably communicated to us in recent years by the Board of Curators and to the accomplishment of ,1hich the College is firmly dedicated. '\·l e therefore respectfully request the Synod of l(entucky, U.S. to consider fully its declared pur:poses in higher education at Centre, at the Louisville Seminary, and at Lees Junior College and t o give most thoughtful study to the means of achievement of its considered budgeted intentions for these causes. D, on t4otion by Mr. Van Ant,,erp, seconded by Mr. Hall, tl1e Board confirmed the following actions of the Executive Committee: 1. The appointment of Miss Joellen K. Bonham as instructor in Music at a salary of $4,500 for the 1961-62 academic year. 2. The appointment of Mr. Spencer Holt as Assistant Professo; of Physical Education and Athletics, and Footcall coach , at a salary of $6,200 for the 1961-62 academic . year, on a ten-month basis. ��. • -4- 3. The appointment of Dr. Frances Jacob as Professor of Modern Languages, at a salary of $7,500 for the 1961-62 academic year. 4. The ap:pointment of Dr. l7illiam C. Sagar as Assistant Professor of Chemistry, at a salary of $6 500 for the 1961-62 academic year. ' 5. The appointment of Mr. Terrence N. Tice as Assistant Professor of Philosophy and Religion, at a salary of $5,6oo for the 1961-62 academic year . 6. That Dr. Gordon t·linsor, Associate Professor of Religion be named Chairman of the Department of Philosophy and ' Religion; and that his salary, previously approved at $6, 800, be increased to $7,000 for the 1961-62 academic year . C. On motion by Mr. Boles, seconded by Mr. Van Ant,-1erp, the Board approved the following reconnnendation of the Executive Commjttee; That the Doard of Trustees ado:pt an insurance benefits program for the employees of the College that would include substantially the follo,ring: a) Group life insurance coverage of $5,000 for professors, associate professors and selected a.dmjnistrative officers; $3,000 for assistant professors, instructors, and selected administrative employees; and $1, 000 for all other full-time employees of the College, b) Major medical expense insurance coverage for all members of the faculty and selected administrative officers. c) Disability insurance coverage for all members of the faculty and selected administrative officers . That approximately 75~ of the insurance program be paid by the College, at a total cost to the College of about $7,500 for the 1961-62 academic year; and that the group life insurance be carried by the Common,1ealth Life Insurance Company, and the major medical and disability insurance by the Teachers Insurance and Annuity Association. D. On motion by Mr. Rogers, seconded by Mr. Ca.mpbell, the Board of Trustees adopted the folloving reconnnendation of the Executive Committee: That the Board of Trustees make plans for an Alumni Convocation to be held in conjunction ,,1th Homecoming activities on October 28, 1961. 7. Mr . Balter, chairman of the Developmen+. Commjttee, called attention to the gift coromjtment figures included in the minutes of the Executive Commjttee ��132 -5meeting . lic l"eportcd that the contrac·t 1·01· services of the George A. Brakeley and Company had been extended to July 1, 1961, as authorized by the Executive Commjttee on March 24, 1961. It 1,1as suggested that the Brakeley contract not be extended beyond that date, and that consideration sho\1J d be given to the employment by the College of a development director . On motion by Mr . Martin, seconded by Mr. Boles , the Board of Trustees adopted the following: That the President of the College, in consultation with the Chairman of the Board of Trustees and the Chairman of the Development Committee, be authorized to appoint a Director of Development for the College . 8. Mr. Barr, Chairman of the Finance Commjttee, re1?orted that his committee has reviewed and approved a revised budget projection for the 1961-62 fiscal year that included more up-to- date estimates of income and expenses which will result from the completion and occupancy of the new b1l1.l dings by January 1, 1962. 9. Mr . Logan Caldwell, Chairman of the Buildings and Grounds Commjttee, reported that his committee is giving consideration to the naming of the new buildings nolr under construction. He reported that the comroi ttee recommended the new men's residences not be named, except to carry the name of the individuaJ fraternities that ,n.11 occupy the units . The committee recommended that the new student activities building be named "Sutcliffe Hall". On motion by Mr. Logan CalduellJ seconded by Mr . Barr, the Board adopted the follo1-Ting recomn:.endation of the 13uildings and Grounds Commj ttee : That the official name of the new student activities building be SUTCLI.E'F'E HALL, and that the building be properly identified by that name. The chairman then asked that any member of the Board who rray have names to suggest for the four women's residence units and the dining hall to submit such names to the Commjttee on Buildings and Grounds . 10 . Mr. Boles, Chairman of the Investment Commjttee, reported that his commj ttee recommended the follo,..,ing changP.s in the pooled invest~nts of the College : a. To sell 1,875 shares of General Telephone and Electronics common stock, and to invest the proceeds in high grade corporate bonds recommended by the United States Trust Cgmpany of New York and approved by the Investment Commjttee. b . To offer for sale 100 shares of International Busi~ess Machines Corporation common stock at the price of ~525 .00 per share, and to invest the proceeds in such securities as may be recommended by the United States Trust Company of New York and approved by the Investment Commjttee . c . To sell 500 shares of Universal Match Company connnon stock, if subsequently recommended by the United States Trust . .. ��133 • I I -6Com_p~y of Ne,- York, u;1d to invest the proceeds in such 1 securities as may be re commen~ed by the United States Trust Company and ap:vro·IJ"ed by the- JnvestinPnt romm:i.t tPA . d. To increase by $2,000 the mortgage loan to Professor lTJJrich, under the same terms and conditions of the present loan. e. To increase by $200. 00 the mortgage loan to Mr. J. R. Ridings, under the same terms and conditions of the present loan. On motion by Mr. Lively, seconded by Mr. Logan Caldwell, the Board of Trustees adopted the following: That the report of the Investment Corondttee be accepted and that the investment changes, as detailed above be approved as recommended by the Commjttee . ll. Mr. Campbell, Chairman of the Nominating Commjttee, presented that commjttee's report nominating the following persons for the office of Trustee for terms expiring June 30, 1963, and June 30, 1967: for term expiring June 30, 1963, Henry P. Mobley, Jr.; for terms expiring June 30, 1967, Logan Cal dwell, John Sherman Cooper, and James H. Evans. No other nominations were r eceived. Ballots ,,ere then cast for the election of one trustee for the term expiring in June 1963 and three trustees for terms expiring in June 1967. Each of the following noro1nees received tventy affirmative votes and was declared elected: TERM EXPIBES. 1967 TER1'1 EXPIRES 1963 Henry P. Mobley, Jr . Logan Caldwell John Sherman Cooper James H. Evans Mr . Cam_pbell announced that, since no nominations were received for the office of Trustee for an additional member for the term expiring on June 30, 1967, the Committee would nominate a person for that office at the next meeting of the Board of Trustees. 12 . Chairman Campbell reported the Nominating Committee's recommendation that Paul G. Blazer be elected t o the office of Trustee Emeritus. By ,,nanimous vote of the twenty trustees present, Mr . Paul G. Blazer was elected Trustee Emeritus . 13. The Board of Trustees noted with regret the conclusion of the terms of service of Mrs . Anna Chaney and of l~ . Henry Nichols , ,-1ho ,vas elected as alumni representative three years ago. The Board of Trustees expressed its appreciation to Mrs. Chaney and Mr. Nichols for their devoted service to the College . 14 . Mr . Campbell, Chairman of the Nominating Comm:ittee, presented the commjttee's recommendation that the following trustees be elected as officers of the Board of Trustees for the ensuing year: Chairman, Elbert G. Sutcliffe; Vice Chairman, T. Hunton Rogers; Secretary, Pierce Lively . ��-1. On motion by Mr. Logan Caldvrell, seconded by Mr . Van 1·1lnkJ e, the following recommendation of the Nom·j na tir1g Commj ttee was unanimously adopted by the Board: That the officers of the Board of Trustees for the period beginning July 1, 1961, and ending June 30, 1962, be: Chairman, Elbert G. SUtcliffe; Vice Chairmen, T. Hunton Rogers ; Secretary, Pierce Lively . 15. Chairman Sutcliffe requested approval by the Board of Trustees of his appointment of the following trustees to serve with him as members of the Executive Committee: Miss Cheek, Mess:rn. Armstrong, Baker, Barr, Boles, Logan Caldwell, vl . P. Caldwell, Campbell, Lively, Martin, RogersJ and Van Winkle. On motion by Mr. Van Antwerp, seconded by Mr. Armstrong, the Board unanimously a:pproved the following appointments to the Executive Comrnj_ttee : Elbert G. Sutcliffe, Chaiman Don A. Campbell Norris Armstrong Mary Ashby Cheek Lisle J.;aker J Jr . .. Pierce Lively J. McFerran Barr Boyce F. Martin Ewing T. Boles T. Hunton Rogers Logan Caldwell J. M. Van \.link] e ltl . P. Caldwell 16. On motion by Mr . Van \./jnkJ e, seconded by Mr. Logan Cald1-1ell, the Board of Trustees adopted the following: That the firm of Hifner & Potter, Certified Public Accountants, Lexington, Kentucky, be appointed to audit the records of Centre College for the 1960-61 fiscal year. 17. President Spragens presented the names of the students v1hom the faculty had recommended as candidates for the degree of Bachelor of Arts on June 4, 1961. On motion by Mr. Boles, seconded by Mr. Van \.TinkJe, the Board approved the following recommendation of the faculty: That the folloving members of the senior class be awarded the degree of Bachelor of Arts on June 4, 1961: Marilyn Boston Allen Versailles, Kentucky Richard Fredrick Behnke Brooklyn, Ne,., York Barbara Luise Best Indianapolis, Indiana Thomas Stuart Biltz Fort Thomas, Kentucky Richard Lee Bourn Cincinnati, Ohio The Owsley Rochester Memorial Award Linda Ross Bowles Maysville, Kentucky Marilyn Jo Browning Ashland, Kentucky vlilliam Virgil Chambers Danville, Kentucky Lyman Morris Chipman, Jr. St . Matthews, Kentucky Philip Brooks Coulter Benton, Kentucky The Breckinridge Jones Prize in American Government George Tams Curlin Kingsport, Tennessee Robert Kent Curtis Fort Thomas, Kentucky Richard McCullough Doro Houston, Texas �• • • • • • • • • • • • • • • • • • r • • • II .. r • - • • ' .. • ' • .... • • • • • • • • • • • • • • • • J.. • fc • . 'i • r •• • ... • .r • • ... • • I - I • - • ,. .. ,. • • • l ;- t �j_35 -8vTilliam Russell Falkenber g , Jr. Louisville, Kentucky Frances Faye Finney .Anniston, Alabama, William Mitchell Hall Salyersville, Kentucky The Preston Carter Chemistry Prize The Nelson Allen Chemistry A1.;ard Patricia Ellen Heinemann Midlothian, Illinois Margaret Katerine Jackson Pikeville, Kentucky Jo Agnes Jones Somerset, Kentucky Susannah Lillard Jones Harrodsburg, Kentucky Charles Raymond Kaelin Charlestown, Indiana Robert \.lood Kimberlin Springfield, Kentucky Barbara Lee Koehler Louisville, Kentucky Theodore Howard I.avit Greenwich, Connecticut Rose Marietta Lawrence Salvisa, Kentucky John Frederick Lemon New York, New York ,-11lliam Edwin Lewis Danville, Kentucky Frances Kendall Lowe Cynthiana, Kentucky John 1 ·/illiam McGuire Louisville, Kentucky Thomas Frederick Manby, Jr. LaGrange, Kentucky Ransin Maryohanna Abadan, Iran WiJJiam Ernest Myers Glasgow, Kentucky Ja,mes Logan Neb Louisville, Kentucky Jean Kraft Olderman Louisville, Kentucky Geneva Hughes Overly Sidney, Ohio Douglas Henry 01-1en, Jr. Louisville, Kentucky \-lall Street Journa] Award Nashville, Tennessee Mary Suzanne Owen Lyndon, K entucky John Duncan Pace Scar sdale, New York ~Robert Milam Parman Cynthiana, Kentucky Joseph Higgins Patterson Birmingham, Alabama *John Douglas Philips Mt. Sterling, Kentucky *Patsy Chandler Prewitt Ls.ncaster, Kentucky Frances~ Purdom Pittsburgh, Pennsylvania \'1iJ J iam Joseph Rafferty Ashland, Kentucky Bettye Loubelle Redmon A ugusta, Georgia George Ernest Rinker Louisville, Kentucky Ja.me s \·T ilson Robert son Paducah, Kentucky Gene \·l illia.m Ruoff CUm Laude The Ormond Beatty Ali1mni Prize The George C. Young English Literature Prize George Fr~nkJin Rush Newport, Kentucky Suzan Samji Teheran, Iran James Pete Stavros Ashland, Kentucky +WjJJiam Pendleton Swain Danville, Kentucky Ann Burke Tamme Danville, Kentucky Cum Laude The Gavin Easton \.liseman Valedictorian Prize (\-Tomen' s Division) The John \·1. Yerkes Prize The Mason K. Knuckles Award Somerset, Kentucky Gene Blakie Tassie Valley Stream, New York John Benjamin Thorne, Jr. Brownsville, Tennessee Mary Ann Veirs Kingsport, Tennessee James Elbert Vermillion *Lawrence Augustine Washington III Owensboro, Kentucky • I ��1.36 -9Ricl:e.rd Rush ,,neeler Glasgow, Kentucky The George Winston \·lelch Valedictori an Prize (Men's Di vision) Linda \·7indro,., Bro,msville, Tennessee Patrick McGhee Wood Hazard, Kentucky The Phi Beta Chi Scientific Fraternity Award * Completed requirements for degree in January of 1961 + In absentia 18. President Spragens then presented the names of the students whom the facul ty had recommended for the degree of Bachelor of Arts in August, 1961, provided they meet all requirements for graduation by that time . On motion by Mr. Boles, seconded by Mr . Van \·lj_ e, the Board approved the fallowi ng nkJ recommendation of the faculty: That the following students be awarded the degree of Bachelor of Arts in August, 1961, provided they meet all requirements for graduation by that time: SaIIDJel Maxwell Kern Alexander Frances Catherine Lively The Emily R. Cowan Memorial Roland Shadburn Martin Darlene Joan Pomicter IJ.oyd Ivins Van Nest, Jr . Valley Station, Kentucky Lookout Mountain, Tennessee Prize Briarcliff, New York Danville, Kentucky Lockland, Ohio 19. President Spragens reported that the Committee on Honorary Degrees had previously nominated the following persons for the conferral of honorary degrees by the College on June 4, 1961: Kenneth G. Phifer, for the degree of Doctor of Letters Don K. Price, Jr., for the degree of Doctor of Laws President Spragens reported that the Board of Trustees, by mail vote, bad unanimously approved the awarding of honorary degrees to Dr . Phifer and Dr. Price. 20 . The date of the next meeting of the Board of Trustees will be at the call of the Chairman of the Board. On motion, the meeting was adjourned by Chairman Sutcliffe . Respectfully submitted PIERCE LIVELY Secretary . • �I \ \ \ .. • • • , • • • • • J • , • f r • ., .. • - • [! •' • • t • .. ~ • • t \ • • .J .. • I • •• .. • f .. • • • • • •• • • • , • { ' �• 13? Minutes of the meeting of the EXECUTIVE COMMI'ITEE of the Board of Trustees of Centre College of Kentucky held at Centre College, July 8, 1961. The meeting convened at 10:00 a.m. in the Conference Room of Old Centre. Present were Chairman Sutcliffe, Miss Cheek, Messrs, Armstrong, Ba.ker, Logan Caldwell, vT. P. Caldwell, Campbell, Lively, Rogers, Van W:lnkle, and President Spragens. 1. The meeting was opened with prayer by President Spragens. 2. On motion by Mr. Van l-linkJ e, seconded by Mr. Logan Caldwell, the minutes of the June 2nd, 1961, March 24, 1961, and November 25, 1960, meetings of the Executive Commjttee were approved as previously circulated and the rea.d1ng thereof 1,1as waived. 3, President Spragens reported that he had received letters of appreciation from Mrs. Rush and Mrs. Steere as a result of their having received the grants of $2,500 each from the College. 4. Mr. Rall reported on the status of the general operating fund for the period through June 30, and stated that in projecting income and expenses for July the general operating fund should be about in balance at the end of the fiscal year on July 31st. 5. President Spragene reported the receipt recently of an anonymous stock gift which had been sold for a net of $24,241.52, Since the gift is unrestricted, President Spragens recommended that the gift be credited to the general fund of the College. On motion by Mr. Campbell, seconded by Mr. Baker, the Executive Commjttee adopted the following: That the unrestricted anonymous gift of $24,241.52 be credited to the general operating fund of the College. 6. President Spragens stated that the College began the current fiscal year with a general operating fund surplus of approximately $14,500, and that the above action should result in a significant increase in the general operating fund surplus at the end of this fiscal year. On motion by Mr. Campbell, seconded by Mr. Baker,the Executive Commjttee adopted the following: That any surplus in the general operating fund at the end of the 1960-61 fiscal year in excess of $10,000 be transferred from the general operating fund to the plant fund , and be used for the building projects now under construction. 7. Mr. Rall reported that an inactive bank account, C Club Book Fund, exists at the Farmers National Bank, and that there has been no activity in that account since 1950. On motion by Mr, Logan Caldwell, seconded by Mr. Baker the Executive Comm1ttee adopted the following: ' That the Treasurer of Centre College be authorized to close the c Club Book Fund account at the Farmers National Bank and transfer the balance of $24,79 to the general operating fund of the College. �- • .. • L • • J • r • • ... • • • • .. ! ' -. r • • r •• • • .1 • ' - , • • • J • • ... • • r • • .. • ' • • ,. r • • - • • - \ • • • • - .. I r . • • ., I • r ii • ' • ' • ' • • • • • • • • ..• • • .. • ' • ' .. l • I • j ', • "£ =-iu • r I .. • .. •r ... • .. .. . J • • l • ' • ' • ' I. . • • • J • • J 1-ri • • • • ) ' " • • • - • r I , f • c• • f • • • \. e. ') �138 -2- 8. On motion by Mr. Rogers, seconded by Mr. Logan Caldwell, on rec-OlllII'enda- tion of President Spragens, the following actions were taken: a. The appointment of Mr. Alex Stevens as Athletic Coach and Instructor in Physical Education at a salary of $6,000 for the 1961-62 academic year, on a ten-month basis, be approved. b. The appointment of Mr. Joe Patterson as Research Assistant Chemistry Department, at a salary of $2,700 for the 1961-62 academic year, be approved. 9. On motion by Mr. Rogers, seconded by Mr. Van WinkJP,, the Executive Comro1ttee adopted the following: That the mjn'i.DD 1ro waiting period of one year be waived, and that Dr. Frances Jacob be granted permission to enroll in the College's annuity program with the Teachers Insurance and Ann,1ity Association, effective at the time of her appointment in September 1961. 10. President Spragens reported on the damage to the l-Teisiger Fine Arts bu.ild1ng resulting from the fire on July 3rd. He stated that the organ console was completely destroyed; the equipment in the organ che,mbP,r on the west side of the building was damaged beyond repair and will need to be replaced completely; the front curtain on the stage ,vas destroyed; the stage floor ,ms greatly damaged by fire and v1ater; plaster dama.ge in the auditorium area is extensive; smoke damage was extensive throughout the first floor, and some smoke damage on the second floor; minor damage was caused to some of the theatre seats, song books, and miscelleanous furnishings and equipment in the stage area; damage to the concert grand piano appears to be relatively slight. The President stated that estjmates of the damage are being obtained for adjustment with the insurance companies, and it is hoped that the repair work will be completed by the beginning of school in September, except for the organ repair v1ork. The President, reporting on the progress of building construction, stated that the contractors have been experiencing good weather conditions and, therefore, construction progress has been excellent. 11. President Spragens reported that the firm of Martin-Durr-Caldwell Interior Decorators has been retained to consult with the College on a furnishings plan for Sutcliffe Hall. Martin-Durr-Caldwell will prepare specifications for the furnishings of Sutcliffe Hall in association with representatives of the College, 11hich will allow the College to solicit competitive bidding for the furnishings. The President reported that Martin-Durr-Caldwell has prepared a tentative furnishings schedule for SUtcliffe Hall estimated to cost within 5~ of $29,000, including dealer profit. The furnishings schedule and accompanying sketches ,,ere reviewed by the Executive Committee. On motion by Mr. Baker, seconded by Mr. Logan Caldwell, the Executive Comm1ttee adopted the following: That the President and the Treasurer, in consultation with Mr. and Mrs. Elbert Gary Sutcliffe and Mrs. Katherine Nichols, be authorized to select and purchase the tu.rnisbiogs for Sutcliffe Hall. • • �. ... .... '\ L ... ;, ,_ ""t I J {j • £l (. ..Jj· • J.."' • • • I (1 -· ..... ., :u -. •• • • ,!J .. t f • .t • ' f l .. -rl f • ) • cf !. v; l .. • r • • j l • • C • - • ·T 1 • • . j 'I ► l • . t.S\ .t'!~ ,. - ,::i ,... ... J. 1 f • 0 • • • • • ·r • L fJ •' 3::)l ti,; ."' . I. r ::.in J ,.°1'l .. • •• t • .l.J.. J ·-r - r •• r ! ~) di • • • rfd- !"l !f ,tw ... l - • .c .J\ • .. 1 l •• J. ' 1 '-I "Il.i: .. r cl J"' • • •• (; • • - "" • • • • • ~ ,) • ' ,lo • .. 0 • • • t. J. n~ .... :.r ., • .. • • • j ~1, • - • Q ' , P. Jr • • • J, 'I • • I • • J • .I. • -~ .1 11 • .. ' • • ' .. • l r1t,. • ·~ • t I • •• • t t· .. ... .. • :; r.• •• • • • J - r • • • • I.I i 1 • I ~ • • .. • • . • t ' ,r • • • • • ,l rv r • • t • l.r .[ • I .. 'I -n ) J• • • ' Jcf • • • • J' • • • '1 " ,.r f • • J • ....... • •. • r." j.,. - • • J ' ... ' l • t • fi ,. ♦ • ,, • .. J. .. ·t: ·s.p • • l • ~- . .. ,L Jl .J .. lo 1) - :J - ~ ·}- .... • 0 ' i. q • ~ .. - • 11 4 ) V ~e~ • ' r • I • v I �. .. -3On adopted: motion by Mr. Baker, seconded by Miss Cheek, the following was That the College be authorized to spend up to $30,000 to provide the furtdshings for Sutcliffe Hall. 12. President Spragens reported that during the second semester of 196o-61 the six fraternities ranged in size of active membership from seven members to forty-five members. He stated that membership, inclnd1ng both actives and pledges, ranged in numbers from nineteen to fifty-three. Since the new fraternity residences are being built to accommodate a m1n1muro of twenty-four, some of the fraternities may have difficulty 1n filling their residences. President Spragens stated that he had discussed the desirability of a control of fraternity size ,-1ith the dean of the College, the dean of men, representatives of the Interfraternity Council and representatives of the fraternities, and he recommended that the Executive Conrodttee adopt a resolution on control of fraternity size. On motion by Mr. Baker, seconded by Mr. W. P. Caldwell, the Executive Committee adopted the follovling resolution: WHEREAS the advent of the new system of fraternity residences at Centre will require each fraternity to have twenty-four members or pledges of sophomore standing or higher to fill its residence; and, \'1HEREAS the failure of any fraternity to provide capacity occupancy for its house will seriously threaten its financial stability and probable continuance at Centre; and, WHEREAS the filling of vacancies in any fraternity house by acceptance of non-member residents to any substantial degree would also be a threat to the effective functioning of the fraternity as an organized and selfgoverning residential group; and, WHEREAS the failure of one or more of the existing fraternities at Centre 1-,ould tend to affect materie.J Jy and adversely the traditional residential and social organization of 11ndergraduate life; IT IS THEREFORE CONCLUDED that specific e.dmjnistration policies must be enacted to assure a reasonable balance in the size and membership of the six existing fraternities. To this end, BE IT RESOLVED AND DJRECTED AS FOLLO\·TS: The roster of active members and pledges of any fraternity shall, until otherwise determined, be limited to forty-five men; except that in no year shall any fraternity be deprived by the application of this rule of the privilege of pledging at least eight new men. �.I l "'f r • j • • • •• ' I • • • • - • • • \ • r • • • • • • • • I • .. • • • • f • • - • f • • • •• • .I. • • .. • • • ... �. 1.40 -4BE IT FURTHER RESOLVED, the President of the College appropriate student officers review, with the expectation modifications thereof may at practicable and desirable. • That the Trustees request in consultation with to keep this policy under that recomrrenda.tions for some future date be both 13. In reporting on the progress of the Sesquicentennial Development Fund Campaign, President Spragens stated that total pledges and gift cornmitioonts to date approxjmate $793,000. It vras reported that the Kentucky Utilities Company bas indicated an interest in providing an electrical project for the College, and the Kentucky Utilities Company is giving consideration to a cauxpu.s lighting project. 14. President Spragens reported that the College has entered into an annuity agreement with Miss Estelle Crawford, a former employee of the College, in the amount of $6,000 for the scholarship endowment of the College. The President stated that the terms of the annuity agreement are in accordance With established policies of the College, and provides for e,nnuity payments to Miss Crawford du.ring her lifetime, and upon her dee.th, payments will continue to her niece up to a period of ten yea.rs, motion by Mr. Baker, seconded by Mr. W. P. Caldwell, the Execut i ve Commj ttee adopted the following: On That the annuity agreement bet,-1een Centre College and Miss Estelle Crawford in the amount of $6,000 for the general use end pul1)Oses of the scholarship endowment of the College be approved. 15. The President then rev1e,-1ed the administrative organization and staffing of Centre College. {A cor,y of the organization chart and the President's statement of ~dmjnistrative organization and staffing are attached to the official copy of these mjn~tes and are on file in the President's Office.) The President reported that consideration is being given to personnel reorganization in the admissions office which would provide a cbenge"of-duty status for Mrs. Catherine Silcott, and would eliro1ua.te the part-t1me services arrangement with Mr. Reginald Stanho:pe. A new employee 1dll be sought for student promotion in the adro1ssions office. 16. President Spragens reported that the best qualified person for the position of Director of Development appeared to be Mr. Raymond HandJan, presently employed 1n the development program of Cornell University. After discussion by members of the Executive Comm:Jttee, it was recomroe1'l.ded that President Spragens offer to Mr. Hendlan the appointment as Director of Develop~ ment, at a salary up to $10,600 plus a payment for relocation expenses. 17. motion by Mr. Campbell, seconded by Mr. Armstrong, the Executive Committee adopted the following recommendation of the President: On That the following schedule of salaries for these admjnistra.tive officers be approved effective September 1, 1961: • �..., JJ a·r \ J • -" J • 'l "!C' ~ . .[. !3 .l f -.;,, 1J j • .. • - J. v :) • • l 't I" l .. ,' v<' l • 9iJ • ) J J • .t~: 0 'tiS • '} l ~ ... .... !)J: 1 ~I . ,d" .,.) ~ J: . 1~ j ,._} • j !! • '"'1"')9, ' • r • . ) .rf:t .b • r • l ,. I ... • r -; • ru. +- • ...., [, 0..: [ .,_ -- ~ . • • .. • • ~ 1 .J. 'l ._.3~ • Vl ;3 J 'I • .., n ' l r •; • r \{ " f '! ,.j.. t • • ~fJ.:t .. • h • .. .l .. • • ~ ~'} I \ • J. - r.- 'T( l ,. 1 .. • ' ( \ • • • j .r • :3 ~ )!!: ' f'u • •rt' -,J .0 09 • • • :r.~ibn: (l.U I •• •. c. r r. ~ I ,. J • ,... I iJ :'!I \ ,.. • f•r r j 1 • t {,1 ,1 _ j- J j' . J • .u j_ J3 ) I ' • ~, • .. • '-' ff d~ J • fr:,"' ') ... • r ft • \..t 1· • ' • - • •f • ... , ! . ~,. • ·r - f'Lt' ::''I "VJ. ~ • JfIS • J' ... J ll) i J • • J: • 'v • • (.,.: • !'- .1. • • .u • • .. • \, Jf .. ' I t t • . ~ 5_ l ,. • I !'{ r • ,. Ot t I • .. .. I . J. ~ .f i • ·t • • .? 3 .. . j . • ~ ·1.r l 1r J . ·c ..L c,rl 1. { ' .. Cu I ' ' t I ) ' - D: • J • • '- • ~ • I f • ' • • • - • .! • ' ( r • r .l f' ~ I • r .J.. I ~ .. " ~ , 1i • t Li. • J.(. • ,. t f • .. • ( r - .., "t' - ~~ -!t ' - ti. r. :.J \ .... 0 cr1r ... •'°'I • v . ) • LI ,"' J.:. 1 • • ' e �. • • I 1 -5Mr. Leech from $5,100 for 1960-61 to $5,500 for 1961-62 Mr. Ensminger from $6,000 for 1960-61 to $6,500 for 1961-62 Mr. Hollander from $7,200 for 1960-61 to $8,000 for 1961-62 18. The next meeting of the Executive Comro1ttee will be at the call of the Chairme,n. On motion, the meeting ,ra.s adjourned by Chairman Sutcliffe. Respectfully submitted, PI E:RCE LIVELY Secretary �• • • ) I ( [ r ,:"... f~ ..,1 . " • • j • l • • I • • • }.l f"f ·- .. r C • �42 ADMINISTRATIVE ORGANIZATION AND STAFFING OF CENTRE COI,IEGE The administrative functions at Centre as with most comparable academic institutions, may be grouped generally into these maJor categories: academic affairs, including instruction, counselling, and the general oversight of all student affairs; fiscal and business management including the functions of plant maintenance and ma.nagement, grounds keepi~, food service, receipt and disbursement of funds, accounting, budgeting, l,)Urchasing insurance and administration of contractual relationships in general; and e~ernal rel~tions, including al11 ront relations, :publicity through all media (newspaper radio relevision and direct mailings); admissions recruitment and counselling; church relations,' publications, and f'i.md raising (including annttal giving, cal,)ital campaigns, and promotion of wills ana. bequests in support of the College). These adm1njstrative functions are all carried on under the general oversight and direction of the President of the College, operating within l,)Olicies established by the Board of Trustees as they affect general institutional purposes and policies, and Within the frame,,ork of academic regulations established by the faculty under authority delegated by the Board of Trustees. The specific organization of the College for the accomplishment of these admjnistrative functions is reflected by the attached organization chart. The seneral duties of the various administrative officers are briefly described in the following paragraphs. Academic Affairs l. The Dean of the College is responsible, under the general direction of the President, for the full administration of the academic program and for the leadership of the f\mctions of the faculty in academic policy deter,nination. 2. The Dean of Men, under general direction of the Dean of the College and also in co101tninication as required with the President, is responsible for the supervision of the residential and social life of all men students, and serves as adviser to various agencies of men's student government. 3. The Dean of \-Tomen, under general direction of the Dean of the College and also in conn:rqnication as required ldth the President, is responsible for the supervision of the residential and social life of all women students, and serves as adviser to various agencies of lTomen' s student government. 4. The Director of Counselling Services, under the general direction of the Dean of the College, and in coordination ,nth the deans of men and ,-1omen, is responsible for the vocational and psycholosical counselling of all students; for conduct of a placement service for graduates; for fostering the faculty advising system in collaboration ,nth the Dean of the College; and for administration of the Presbyterian Vocational Guidance Center. 5. The Librarian, under the general direction of the Dean of the College and in consultation v1itl1 the Faculty Committee on the Library, is resl)onsible for the management and supervision of all library services, including the continual program of book purchases, indexing and accession of books, and the management of circulation and reference services to the faculty and to the student body, 6. The ReGi~trar, under the general supervision of the Dean of tthhe College, is char"ed with the maintenance of all pemanent student records, for econtinuou.s0conduct of statistical studies of student and faculty academic :performance . • ��. • ADMINISTRATIVE ORGANIZATION AND STAFFING OF CENTRE COT.T,EGE ( Continued) Page 2 for the certification of transcripts of studeniB and for the maintenance of such student rosters as The Deon's List, probation lists, etc. The registrar also serves as secretary of the faculty. Fiscal and Business Management l. The Treasurer and Business ManA§er, under general direction of the President of the Collese, is responsible for the supervision and direction of all aspects of the fiscal and business management of the College including the receipt and disbursement of endo·wment and capital funds; the dev~lopment, maintenance d and management of the physical plant and grounds· contracting· ~. , , ni,rchasing; an insurance management. 2 . The Controller, under supervision of the Treasurer and Business Manager, is responsible for the receipt and disbursement of operating ~ds, for the maintenance of all fiscal accounts and the preparation of full and regular periodic financial reports, for the ~dmjnistration of budget allocations, and for the conduct of cost studies and the preparation of reports deriving therefrom for the general ~dministrative pucyoses of current man~gement and future planning. 3. The Director of Buildings and Grounds (Plant Engineer) is responsible, under general supervision of the Business Manager, for the maintenance of all physical facilities of the College, including buildings, grounds, and athletic facilities . This includes the planning and management of all maintenance functions including janitorial, heating, plumbing, carpentry, electrical, and mechanical services . He also is responsible for the representation of the College in the general supervision of ne'\-1 building construction, working in collaboration with the supervising architects. 4. The Food Service Director, who is an employee of the food service management firm through lThich Centre contracts for the admj nistration of its food services, is responsible, under the general supervision of the Business Manager, for management of the preparation and service of food in the dining halls of the College . External Relations I. In the two other major categories of admjnistrative functions of the College a single officer is responsible under the general direction of the President for edroinistration of all functions in that area. In the area of external relations, it is possible that in due course of time a single senior officer should be designated to give direction to all activities in this area as well . However, at present and for the immediately foreseeable future, it seems preferable that the directors of the n:ajor subordinate divisions within this area report directly to the President, who must of necessity bear a major responsibility for the public representation of the College. 2. The General Secretary is responsible for the general supervision of the ~dmissions program, including student recruitment and counselling, the direction of the administrative evaluation of all records related to the determination of candidate qualifications, and for service as secretary of the Faculty Committee on Admjssions. In the student recruitment and counselling function, the General Secretary directs the work of tuo full-time admissions counsellors, 1,1hose duties necessarily involve substantial travel ,-11th visitation of high schools and preparatory schools in approximately twenty states. The ~dmissions ��1.44 ADMINISTRATIVE ORGANIZATION AND STAFFING AT CENTRE COTJ,EGE ( Continued) Page 3 program at pr~sent_invol~e~ the handling of approximately 500 appl ications each year, and required in addition to the professional staff the service of an admissions secre~ary and_a stenographer . The General Secretary i s responsible also for the administrative direction of the urogram of student -aid under the po~ic? supervision of the.Faculty Committee o; Scholarships and Student Aid. this involves the evaluation of need in the case of all candidates for financi al assistance, and the administration of scholarships and loans and the coordination of student employment for 150 to 200 students . In conjunction lrith the general direction of the admissions program, the General Secretary is responsible for the annual publication of the catalog, ,.,orking in coordination ,nth the Dean of the College . It is anticipated that, given some reli ef from present responsibilities, the General Secretary will also be able to conduct an enlarged program of church relations, including particularly the promotion of greater acquaintance with the program of the College on the part of ministers and members of the Presbyterian Church within the Synods of Kentucky . At present, and pending the appointment of a Director of Development , the General Secretary is also responsible for the maintenance of existing records on donors, donor prospects, and for the maintenance of periodic reports on gifts received and their allocations . Finally, the General Secretary serves in the execution of miscellaneous administrative assignments from the President of the College, such as the planning and execution of arrangements of Parents' \-leek-End . 3. The Al11mni and Publicity Director is responsible for the dissemination of all current nelTS from Centre College through the various media of public information, including daily and local neuspapers, radio, television, and direct college publications such as The Centrepiece . He is responsible for the promotion of alumni club activities, including the provision of promotional services to alumni clubs in all regions of the country . He is responsible for the organization of all al,unni meetings, including meetings of the directors of the A1i1mni Associations, alumni homecoming programs, the annual class reunions, and all other activities related to the effective functioning of alumni associations and clubs . At present he is responsible for the administration of the annual Alumni Fund . It is anticipated that the principal responsibility for this function should be transferred to the Director of Development when that position is filled . 4. The Director of Development, a position not yet filled, will be responsible for the organization of systematic records of all donors and donor prospects . He vTill be responsible for the planning and administration of all annual giving promotion, includjng the Alumot Fund, Centre's participation in the Kentucky Independent College Foundation, and other as yet undeveloped programs of systematic annual operating support . In the administration of the AJ1Jmni Fund he will vrork through and in collaboration with the Al, 1mni Director . He will also be responsible for the organization and management of the administrative processes of the current capital fund campaign and for continuing capital fund raising efforts, involving particularly the provision of executive services to the organizations of volunteer workers essential to the effective conduct of these efforts . He ,rill be responsible further for the organization and promotion of a program fostering and promoting the support of the College through wills and bequests . He '\Till be responsible for the preparation of brochures and other publications of mass distribution involved in the promot~on of the gift program. Finally, the Director of Development '\-Till be responsible for preparation of the specialized proposals to foundations ~d other selec~ive donors and t f or preparation of other individualized presentations of major gift appealS . . • ��1.45 . • • ' I ADMINISTRATIVE ORGANIZATION AND STAFFil{G AT CEN'l'RE COLTEGE ( Continued) Page 4 In all these functions the Director of Development will be serving as a principal aide in :fund raising activities to the President of the College and to the Board of Trustees through its Committee on Development, by whom the major protion of the actual solicitation of major gifts must be effected. Attachment 7/7/61 �• • • • I �ADMINISTRATIVE O RGANIZATION OF CEN1'.RE COLLEGE i961 July I BOAfID OF TRUSTEES - , - - - -I _ ------/ I PRESIDENT OF THE COT.TffiE l ' ( I I_ . Tr easu.rer Dean of the College* ~nn BuSiileSS }A'Ana rrer - Dean of the . Chapel* • Controller . Director o: . Buil~s & Groun s fQOd re . . . Dean of Dean of Men* ~ervic e or Contract) . \.lomen * • . • '" General Secretary Se~if' Publicity A~ni o an Dir i-.Adroj ssions Dij ~irect9r ou.nse erv:i.ces I I Librarian I I Registrar ! _student Aid ~~urcb Relat.ions. ' '1'8 E: *Part-tjme teach, lllS c ~ d . . . . Dir5 rtor Development • I J - --- - .,,,. -- l;\nn11al - G ng ...Capital fts promo on ~equests Annuit FACULTY DEPARTMENTS OF lNSTRUCTION Economics & Business Ancient Iangnages Biology Chemjstry History and Government Art Home Economics Mathematics English & D ramatic Art Physical Education Modern Lansuages Physics Mu.sic Psychology & Education Philoso~y & Religion Sociology and Anthropology ~ ~ a-l �<> 't r • I ' I • ~ ~ l c.. I_ - I I ' , I I • I I I I I • I• i ( ( ... f . I ( ' • I • • .. • • t • ... I " l I • ( ◄ • - (' l ' t - I I I l I I ~....., l I ( t (. C 'I t ... I • I I I • I f I I I I, I '• r.. ' 1- I I I • i I t • • C .., I I i • , I \ .. f I I I I ' I • I I ( ,. I '-- • I I • .. t ' f • • • I I I l ,... i J ' l I f I I • I I I - I • • t c-• . t -· r ~ I l <.: ...-l I \ .... HI _I - c.. I • CJ l'D •~ I I ... ... l t f I t.,.. I I • •. l t I t • L - ---; I , f . ' I • �• I I Minutes of the meeting of the EXECUTIVE COMMITTEE of the Board of Trustees of Centre College of Kentucky held at Centre College, September 7, 1961. The meeting convened at 2:30 p.m. in the Conference Room of Old Centre. Present ,1ere Chairman Sutcliffe, Miss Cheek, Messrs. Armstrong, Barr, Boles, Logan Caldwell, W. P. Cald,1ell, Campbell, Van Winkle, and President Spra.gens. 1. The meeting was opened ,,i tl:. a prayer by President Spragens. In the absence of Mr. Lively, Secretary, Chairman Sutcliffe asked Mr. Rall to act as recording secretary for the meeting. 2. On motion by Mr. Logan Cald,,1 ell, seconded by Mr. Van Wj nl<J e, the minutes of the July 8, 1961, meeting of the Executive Coromlttee were t:i.PPl."Oven. as prenously circulated and the reading thereof ,,as waived. 3. The report of the Treasurer ,,as made by Mr. Rall. He reported that general fund income for the 1960-61 fiscal year, which ended July 31st, totaled about $869,000 and expenditures for the year were about $861,000. Building funds presently available or in prospect total $2,584,860 toward the estimated cost of $2,679,900 for development program projects now in progress. 4. The report of the Investment Committee ,,as presented by Mr. Boles, Chairman of the Committee. Mr. Boles reported that the Investment Committee recommended the following actions for adoption by the Executive Cormn1ttee; A. That the College enter an open order for the sale of 400 shares of the corumon stock of Otis Elevator Company at the price of $80.00 per share; and that the proceeds from that sale, if completed, be reinvested in such securities as recommended by the United States Trust Company of New York and approved by the Investment Coromlttee. B. That the College temporarily invest endowment fund cash in $75,000 of 91-day United States Treasury Bills; and that these funds subsequently may be reinvested in such other securities as recommended by the United States Trust Company of Nev1 York and approved by the Investment Comm1 ttee. On motion by Mr. Barr, seconded by Mr. Armstrong, the above recommendations of the Investment Cornm1ttee were adopted by the Executive Cormnittee. 5. Mr. Armstrong reported on the progress of Danville's Urban Renewal Program as it pertains to the Seventh Street area between the College's new r e sidences for ,-1omen and Lexington Avenue. On motion by Mr. Logan Caldwell, seconded by Mr. Barr, the Executive Committee adopted the following: That the President be authorized to communicate to the Danville Urban Renewal Commission the interest of Centre College in acquiring additional land in the Seventh Street area, adjacent • �• • • ' • • • • • • • • • • r • • • • j • • • - \ • .. ' • L • • • • I • . • • • .J .. • • • • • • • ' • l • • �148 • l -2- to the College I s new ,,omen' s campus; that, as a minimum, the College is interested in acquiring the land North of the College 's pre sent holdings to the line of pre sent Ro1-1e Street; and that the College ,rould be interested in acquiring all the land in the area between the line of Rowe Street and Lexington Avenue '1hich the Danville Urban Rene,-1al C0mmission will allow the College to • acquire. 6. Mr . Rall reported that the Sutcliffe Hall Furnishings Commjttee has completed the selection of most of the major items for the furnishing of Sutcliffe Hall, and that bids have been received on a significant number of items to assure the Commjttee that the complete furnishing of Sutcliffe Hall ce.n be accomplished within the budget authorized for that purpose. After a brief recess, the meeting reconvened at Craik House. 7. On motion by Mr. Campbell, seconded by Miss Cheek, the Executive Committee approved the following recommendation of the President: That having due regard for the long and able service at Centre College of Professor Earland Ritchie, a grant of appreciation and compassion be made to his ,.,ido\-1 in the amount of $2,500, and that the Treasurer be authorized to pay this grant from the general operating fund. 8. On motion by Mr. Barr, seconded by Mr. Logan Caldwell, the Executive Connnjttee adopted the following: That the appointment of ~irs . Alice Kimbler HankJa as Instructor in Physics for the 1961-62 academic year, at a salary of $4,200 plus room and board, be approved. 9. On motion by Mr. Armstrong, seconded by Mr. Van WinkJe, the Executive Committee adopted the f ollo,-ring: That Dr. Roy Ellis be named Chaiman of the Department of Physics, effective September 1, 1961. 10. On motion by Mr. Barr, seconded by Mr. Campbell, the Executive Commjttee approved the following recommendation of the President: That the salary for Dr. Roy Ellis be increased from $7,200 to $7,400 for the 1961-62 academic year. 11 . on motion by Miss Cheek, seconded by Mr. Boles, the Commjttee approved the fol10,-1ing recommendations of the President: A. That the salary for Dr. \/est T. Hill be increased from $7,200 to $7,250 for the 1961-62 academic year . B. That the salary for Dr. Emma Moon Holdren be increased from $7,000 to $7,250 for the 1961-62 academic year. �• • ' ~1 • r , • • .. • ·- • r • • ' ~ •• n .. • f • • • ... • { • - • • • . .J. j • . , J , • • • • ...I.J ... "Y ,. • .. 1 r . - r.., t ' • • r· t 1. • ,C • • .. , • I • ... • ( • ... .. • r r • ... . ,. .-. • J. • • • • • • T • r • • • r • .. -o • ) • . •. • • • • • • ..,. • r .. l • .I, ... ' .. • • • • .. ..., • • - • • • •• 1 • • • • r ') • • • - , •• 4 ... • •• .. • • "I .. 1 I IO .. r • .. .3 L ... I • - • • !"'\ .. I • • .• • • • • • • ) • ( .... ... ..... - .... . ., • • , 0 - •• • ,, • • ·, ... - • • • �i.49 . • ' I -312 . President Spragens reported that the September enrollment of fulltime students is expected to be bet,1een 485 and 500 . He stated that the incoming freshman class has been selected carefully, and that the ability of the group, as measured by the college entrance examination scores averages several points higher than for previous classes . ' 13 . Reporting on the progress of the building program, President Spragens reported that Sutcliffe Hall should be substantially completed by Homecoming, October 28th; that the men ' s residences should be completed by November 15th; and that the ,,omen's residences and the dining hall are scheduled for completion on December 15th . 14. President Spragens reported that the Construction Committee has approved the installation of a ne,;.1 slate roof, copper guttering and flashing for Breckinridge Hall. On motion by Mr. Logan Caldwell, seconded by Mr . Campbell, the Committee adopted the following : That the Business Manager be authorized to contract for the installation of a new slate roof, copper guttering and flashing for Breckinridge Hall, at an estimated cost of $16,500, and that the cost be paid from receipts to the Centre College Plant Fund. 15. Presid~nt Spragens reported that consideration needs to be given for the timely construction of nei1 v1alks and roadways on the campus . On motion by Mr . Campbell, seconded by Mr . Boles, the follo,nng ,,as adopted: That the College be authorized to negotiate with the Horky Construction Company, Danville, for the construction and improvement of ,1allcs and roadways for the campus, subject to approval by the Buildings and Grounds Commj ttee of the general ,,alk and roadway plan. 16 . Presi dent Spragens reporteu that Kentucky Utilities Company is prepared to give to the College a campus lighting system estimated to cost approximately $10,000 . On motion by Mr. Boles, seconded by Mr . Armstrong, the Cornmj ttee adopted the f ollo11ing: That on behalf of the College the President extend the College ' s thanks to the Kentucky Utilities Company for its generous gift of a campus lighting system. 17 . President Spragens reported that Mr . Raymond Handlan has been appointed to the position of Director of Development, as authorized by the July 8, 1961, meeting of the Executive Commjttee . On motion by Mr. Barr, seconded by Mr . Campbell, the follo,.,ing was adopted: That the appointment of Mr . Raymond Handlan as Director of Development, effective September 1, 1961, at a salary of $10,500 plus a relocation allowance of $1,000, be approved . 18. on motion by Mr. Barr, seconded by Mr . Campbell, the Executive Committee adopted the follo11ing: That the expenses of the office of the Director of Development be charged to the Capital Funds Program for the 1961-62 fiscal year. �... ... \ • .J \ • • • ..r • • • • • ~ .. J ,.. I • , • - • .. • • • J J ' • • 0. I, .. • • , • ' ... ,. - • ,. • • , l • - • • • .., • • • ,. .1. • • • • .. .. • • ,l • • ~ ~ • - ,. • J .. , • • • . C 't • • r • - • - • • • • - .L • • I • .. ...l ... • - .. t - 1 • •• J • .. • • • , • • • ' • • ~ • ' • • -• I I • • ... • ,.. • • • ... i • 't t • • - • .. - • • • • . ... • • • ,. • .. • • t • ' .. • ,. • - l • • , r 11 • • • • r ,... • (l J �150 -4- 19. President Spragens reported that the Fayette Circuit Court has ruled in favor of Centre College on the interpretation of the College's use of the funds made available by the Barnett Estate for the construction of ,-1omen I s dormitory facilities. 20. President Spragens reported that the President of the Corning Glass Works Foundation recently visited the Centre Campus. The President stated that a request has been made to the Corning Foundation to assist in the construction of a ne,., library building for the College. 21 . President Spragens stated that the Danville School Board has advised the College that the School Board expects to consider at its meeting on September 13th the contract for the exchange of properties betueen the School Board and the College . 22. President Spragens stated that Mrs . Ruby Cheek, Department of Music, has not been offered the opport11nj ty to participate in the College's annuity program since she has not been considered a full-time faculty member. On motion by Mr . Campbell, seconded by Mr. Armstrong, the Executive Commjttee adopted the f ollo,,ing: That Mrs . Ruby M. Cheek, Department of Music, be granted permission to enroll in the College' s annuity program 1-1ith the Teachers Insurance and Annuity Association, and that Mrs . Cheek be granted permission to participate in all other fringe benefit programs now being offered by the College to members of its faculty. 23 . On motion by Mr . Campbell, seconded by Miss Cheek, the Executive Commjttee adopted the following: That tuition remission granted children of members of the faculty be extended to Miss Carolyn Steere, daughter of Professor Dwight Steere ,1ho was a member of the Centre faculty until his recent death. 24 . Chairman Sutcliffe appointed the folloi:ving members of tl1e Board of Trustees to serve as a sub-cornmjttee of the Development Committee for the purpose of recommending a policy for t he allocation of unrestricted capital campaign fund gifts for endowment fund purposes and building fund purposes of the College's development program: Mr. Barr, Chairman of the Sub-Commjttee, Mr. Baker, and Mr. Sutcliffe. 25 . 1'he next meeting of the Executive Commjttee will be at the call of the Chairmen . On motion the meeting was adjourned by Chairman Sutcliffe at 4:50 p.m. Respectfully submitted, E. M. RALL, Acting Secretary ��Mjnutes of the meeting of the EXECUTIVE COMMITTEE of the Board of Trustees of Centre College of Kentucky held at Centre College, October 13, 1961. The meeting convened at 2:30 p . m. in the Conference Room of Old Centre. Present were Chairman Sutcliffe, Messrs . Armstrong, Baker, Barr, L. Caldwell, W P. Caldwell, Lively, and President Spragens . . 1. The meeting was opened With a prayer by President Spragens. 2 . On motion by Mr . Lively, seconded by Mr. L. Caldwell, the minutes of the September 7, 1961, meeting of the Executive Commjttee were approved as previously circulated and the reading thereof was waived. 3. The report of the Treasurer was made by Mr. Rall. He reported that building fund commitments to date total $2,710,500, with building fund resources available and in prospect totaling $2,621,148, leaving an excess of commitments over availabilities of $89,352 . 4. President Spragens reviewed the progress of the construction program. He reported that a recent conference with the architects and contractors indicated that Sutcliffe Hall would not be completed until about December 1, that the men's residences will be completed in time to allow the fraternities to move during the Christmas holiday period, and that the women's residences and dining hall will be completed by January 15 to allow moving into those facilities at the end of the first semester . 5. President Spragens reviewed a list of proposed contract additions for consideration by the Executive Commjttee . 6. On motion by Mr . L. Caldwell, seconded by Mr. Baker, the Executive Committee approved the following: That the cleaning of the outside surfaces of Sutcliffe Hall, at the cost of $1,986 . 00 be approved . 7. On motion by Mr . Armstrong, seconded by Mr. L. Caldwell, the Executive Committee approved the following: That the air conditioning of the men's and women's residences, at a cost not substantially in excess of $32,000, be approved . 8. On motion by Mr. Lively, seconded by Mr. Barr, the Executive Committee adopted the following: That the finishing of the perimeter walls in the ground f l oor of the women's residences, at an estimated cost of $3,000, be approved. 9. on motion by Mr . Barr, the Executive Committee adopted the following: That the installation of a sound system and public address system in the dining commons, at a cost of $3,520, be approved. �- l r .. ! - •"I[! ') • • • • • • .. • • • C. • • • .l.. !:3 T). • f ' • • ~ .J .. • • • j • ' l \ .L • r - t a • r r . • L) I ,. c.. f ' .. .... • T. .. I • .. Jc. • !) • !) • I • .. • • • • .. • • • • • ➔ m: "> I ..... • • • • f .. 0 . ! l L .. • • ... • ' • • f_ • , • • • • • r • < .. ' • I • .. • • • • • ' • ,. l • • ... • .., .. • 'I • t . - t • • !) V • • • • :) J"'~ ... ,n..., ... (. • a• .. 0 ,. • I • I • .. • "ill .. () - t \ -r1 • ' !I .J. J J • • ' • l , • • r • ') x'-- ,: lli .. d ,, . ... \ t • • • • I • • • .. �j_52 . • • I l 10 . On motion by Mr . Baker, seconded by Mr . Barr, the Executive Commjttee adopted the following : That an allowance of approximately $1,000 for the purchase of memorial plaques and other costs related to the dedication of the new buildings be approved . 11 . On motion by Mr. Barr, seconded by Mr. Lively, the Executive Commjttee adopted the following: That landscaping for the new buildings be authorized at an estimated cost of $5,000, subject to approval by the Buildings and Grounds Cormnittee of the landscaping program to be presented by the landscaping consultant. 12 . Mr . Barr reported that the sub-committee appointed for the purpose of recommending a policy for the allocation of unrestricted capital campaign fund gifts held a recent meeting and formulated a statement of recommended policy . On motion by Mr. Barr, seconded by Mr . Baker, the Executive Cornrnjttee approved the following recommendation of the sub-corornjttee: That all unrestricted capital campaign fund gifts be used for building purposes until such time as presently authorized building program commitments are met. 13. Mr . Baker reported on the progress of the development program. He reported that a rece~t review of the Louisville campaign was made and that a follow-up on the campaign drive in that area is now unde~• ay. Mr . Baker r reported that the Lexington campaign is being reorganized . He further stated that progress is being ma.de in the state-wide campaign, but much remains to be done and vrill require assistance by the President. 14. President Spragens reported that be had met recently with officials of the Ford Foundation for the purpose of obtaining financial support from the Foundation for the College's program. He stated that the results of the meeting vrere reasonably encouraging and that he expects the Foundation to consider Centre among the private colleges for which it has announced a one hundred million dollar matching-grant program. 15 . President Spragens reported that Centre is one of ten colleges of the Association of American Colleges participating in a projective budget study aimed at determining the fiscal requirements of the colleges during the next ten years, financed by a grant by the U. s. Steel Foundation. Centre's study is now underway and the results should be extremely beneficial in planning the future growth and development of the College's program. 16. Since SUtcliffe Hall will not be completed by October 28, the President recommended that the program for the dedication of Sutcliffe Hall e.nd the A111mni. Recognition Convocation, scheduled for that date, be cancelled. On motion by Mr. Baker, seconded by Mr. Armstrong, the Executive Committee adopted the following: -2- �- rf • • ·t • j • 1 r _r - !> OC n'l- .:r , . r • • • •l L . • . .. • ,. •• - .. rf· .. 'I. rl d 'Il_{ ._ a • \ -r ... • ,. rt q1 ... Ao; 1f ... • ..,. .. - 0 B~ • ld" • r J r 0 ..t '1 J .. ... .. ' "b ~ • .( • J :1 • ( ... • • 9'l .,. l: I .. 1 I • .r .u t ' j' - 1- ✓ • .r- • • j-JJ 'I • -.:,J • .. i ' " ~ ! t \ CT • .. • I 1 • f j .. J. • ., • • .., r •L ..... ... • ~ J l .. • .c • , ,. \ • ,. • .J • • • ... • rl-. ~ • j- r .. - I.. .. t • •• • N ., ... .s • 1 • r .( cf f • ~ • ! J- J~') • I • • • C .. . . cr • rfj r 1 ... ~,. • .r ~ •• - l • .c .tl 'I 1· - ~ r, ... • J 'IO \ SDB .( • I., no .. .. ..l .. .. • .. . .s :TG u• • ~ • a.c :, "f L ' " • '-' 9r1 i • c. . - r ' '"l b.e •• ..... 9# l 'l{'T .... r\ .. • b.i:•.,r J • v· - .B 'I -r- .. . l • ... ~ I • ~ .. • • -· ""8' • l n .. {j ~ .lo. .- 9J j~ o;t .. 8 .... -· .. • .. • .. ~ ... .. - o.t ., J'3 • ,.. .. • l 1• .( - • Jrr ' xd • - .. q - .. 'l.flJJ ' n, b I • • Y, ( 1. • )[l rf • ()J .. ., ::>a • .l - a..t .- J ) • .c • Ol '• • • • 1 �153 That the dedication of Sutcliffe Hall and the AJ,,nroi Recognition Convocation, scheduled for October 28, 1961, be cancelled, and that the President announce the cancellation due to the fact that Sutcliffe Hall will not be completed by that date . 17. After a discussion of Aames for the women's residence buildings, it was agreed that this subject be placed on the agenda for the October meeting of the Board of Trustees . 18. On the recommendation of Mr . Lively, the Executive Committee agreed that the agenda for each meeting of the Board of Trustees should provide an opport,1nj ty for tl1e Board to discuss Executive Connni ttee actions t hat have been taken since the last meeting of the Board of Trustees . 19. President Spragens reported that he had conferred with the offici al representatives of three fraternities pertaining to the disposition of their fraternity houses . He stated that each group agreed that, if the houses were sold, the house corporation for the fraternity and the College should share in the proceeds from the sale in the same proportion as the fraternity and the College shared in the original purchase . 20 . On motion by Mr . Lively, seconded by Mr . Armstrong, the follo,-1ing ,.,as adopted by the Executive Commjttee: That the College offer the Sigma Chi fraternity house for sale for $18,000 and the Sigma Alpha Epsilon fraternity house for sale for $15,000; that the College publicly advertise the houses for sale and, if not sold ,.,ithin thirty days, that the houses be listed openly with local real estate agents, except that the Sigma Chi house may be listed privately ,-1ith al11mni.. of that fraternity for thirty days prior to an open listing; and that the Buildings and Grounds Commjttee be authorized to approve the sale of the houses within the limits of the appraised value and the price at which the houses are offered for sale . • 21 . On motion by Mr. Lively, seconded by Mr . Armstrong, the following was adopted by the Executive Committee : That the Buildings and Grounds Comrnjttee be authorized to investigate the possibility of arranging a lease agreement for the Beta Theta Pi fraternity house, and that the Commjttee report its findings at the next meeting of the Board of Trustees . 22 . On motion by Mr . Lively, seconded by Mr. Armstrong, the following was adopted by the Executive Commjttee: That the Phi Delta Theta fraternity be authorized to negotiate for the sale of its house, subject to approval by the Buildings and Grounds Committee of any final agreement to sell the house . - 3- �;. _r.· " .. • • ... r - 1 • '-I J • • a • ' ' 1 .., t .{ .( (.) • • ~ ) ( - . t • • .. • • • • •• :t • • i .L'- _, • ) •• • • .. • ~ • .. • • ..• • ,I • • • .., • • • • • r • • '. \. J1 ... ' • ' • ' r ..L • . • - w - t l ' • - • ) • 1: r L. r, - I, I. .\. ... • .. • • • . • ... • J. ·t l r r r -) C t • • • .. .... , r t • , ,.. • • • J ) • • • •• C 1 v • • - ... ◄ • "" • •• .. r "?' • • • • ... b , L 1' .;.:, • ·"' .IT .. • • r • • "( • • l ,. r • • • 'l .. I • ,;.J .c C • , .. v • • s OJ • • l ..., :i- ~.a ... \ - • • - ... .. • l • ►• ' • • • ( • • .•• .,;J_ t • .,; r • ' .. ':') • • • ..., ' •l.L • • • • n • • • • • A,-.., I .[ • J • ~ • :) • I ... !1 • - • • - • • i . • �1 54 23 . On motion by Mr . Armstrong, seconded by Mr . L. Cald'1ell, the following was adopted by the Executive Committee : That the College be authorized to make available on the college books a temporary credit to the house corporation for each fra ternity in an amount up to 8afo of the fraternity's equi ty in its house, based on the appraised value of the house, but not to exceed $5,000, for use in the purchase of furnishings by each such fraternity for its new residence . 24 . The next meeting of the Executive Connnjttee will be at the call of the Chairman . On motion the meeting was adjourned by Chairman Sutcliffe at 5:15 p . m. Respectfully submitted, PIERCE LIVELY Secretary -410-13-61 mjnutes Executive Commjttee . • ��i.55 Minutes of the meeting of the BOARD OF TRUSTEEt> of Centre College of Kentucky Danville, Kentucky, October 27, 1961 The meeting convened at 2:30 p . m. in the conference room of Old Centre . Present were Chairman Sutcliffe, Miss Cheek, Miss Yerkes, Messrs . Armstrong, Baker, Frank Caldwell, Logan Cald·w·ell, W. P. Caldwell, Campbell, Cooper, Evans, Hall, Lively, Martin, Mobley, Newlin, Price, Rogers, Tate, Van Antwerp, and Van Winkle; and President Spragens and Mr . Rall . l. The meeting was opened with a prayer by Dr. Frank Caldwell~ 2 . The oath of office as Trustee of Centre College was e-dro1nistered to Messrs . John Sherman Cooper, James H. Evans, and Henry Pope Mobley, and they were formally 1velcomed to membership on the Board of Trustees by Chairman Sutcliffe. 3. On motion by Mr. Van Antwerp, seconded by Mr. Frank Caldwell, the minutes of the June 3, 1961, meeting of the Board of Trustees were approved as previously circulated and the reading thereof was waived. 4. Chairman Sutcliffe announced the appointment of the following members of the Board of Trustees to the standing commjttees of the Board: Executive Coromjttee - Sutcliffe (chmn.), Armstrong, Baker, Barr, Boles, L. Caldwell, t~ . Cald1-1ell, Campbell, Cheek, Lively, Martin, Rogers and Van ,.Tinkle . (The members of the Executive Commjttee were approved by the Board of Trustees at its June 3, 1961 meeting.) Academic Affairs - Martin ( chmn.), F. Caldwell, Cheek, Mobley, Price, Rogers. Buildings and Grounds - L. Caldwell (chmn~), Armstrong, W. Caldwell, Cheek. Development - Baker (chmn~), Barr, Campbell, Evans, Newlin, Tate. Finance - Barr (chmn.), Boles, Lively, Martin, Newlin. Honorary Degrees - Van ,~ink] e ( chmo.), F. Cald1vell, Live~, Van Antwerp . Investments - Boles (Chmn.), Baker, Barr, L. Caldwell, Lively . Student Affairs - Armstrong (Chmn.), Hall, Tate, Van t-TinkJe. women's Division - Cheek (Chron.), W. Caldwell, Yerkes, Mrs. James H. Reed*. Nominations - Campbell (Chrnn.), Cooper, Lively. * Non-Trustee • .. �• '"' - - ,... r :). .... r. \ • .,_ • • J • - • • • • l • • .. ' , ... • .. • • r • • • l • r ... • • .. • . • .J. • • fr-, ·'-, - • \ \ • • ~- • • t • '- • • • r • ) • .. - • f ' • .,. -- - - • • • i ) I • • J: r, rj: - - ,.. r • • ' -· •I • • • • • .. - .. , - I ) • .. • • t • • l • 1 ) - �• • I I -2- 5. On motion by Mr . Van Antwerp, seconded by Mr . Livley, the Board of Trustees adopted the following : That the bienni al report of the President, which was sent t o the members of the Board prior to this meeting, be made a part of the official minutes of this meeting; and that the Presi dent be authorized to have the r eport pri nted for distr ibution to al 11 nroi, prospective donors and other persons inter ested i n the College . 6. The auditors ' report for tl1e fiscal year ending July 31, 1961, which had pr eviously been circulated to the member s of the Board of Trustees, was accepted and ordered placed on f i le . 7. The report of the Treasurer was made by Mr . Rall, He si1 roma:rized his report by stating that building fund commitments t o date total $2,747,750, with building :t\tnd resources availabl e and in prospect t otalling $2,636,650 . This leaves an excess of commitments over availabilities of $111,100 .00 as of this date . 8. In the absence of Mr . Boles, chai rman of the Investment Commi ttee, President Spragens reported that the Investment Committee had not met since its meeting on September 7, 1961, and that the recommendations of that commjttee meeting were included in the September 7, 1961 minutes of the Executive Commjttee . 9. Mr . Logan Caldwell, chairman of the Buildings and Grounds Committee, reported that the Executive Committee at its last meeting authorized the College to offer for sale the Sigma Chi fraternity house and the Sigma Alpha Epsilon fraternity house . The College is actively engaged in seeking a purchaser for these two houses, at or near their appraised value . The Buildings and Grounds Committee is investigating the possibility of a lease agreement for the Beta Theta Pi fraternity house . The Phi Delta Theta fraternity was authorized to negotiate for the sale of its house subject to approval of the Buildings and Gr ounds Committee of 0JlY agreement they may reach . 10. Mr . Baker, Chairman of the Development Committee, reported that gifts and pledges to the Sesquicentennial Development Program now total $867,448 .81 He stated that those commjtments have been received from a total of 567 individuals, corporations, and foundations . Mr . Baker stated that the campaigns in Louisville and Danville have been virtually completed, that some progress has been made in the Ashland, Lexington, Frankfort, and Cincinnati areas, and that solicitation in 23 other areas in Kentucky is ready to proceed. Mr . Baker reported that President Spragens and Mr . Handlan plan to begin solicitation in Texas and Florida before t he end of the year, and that the general campaign throughout the country will begin soon after the first of the year . Mr . HandJan, director of development, was invited to the meeting and was introduced by Mr . Baker . Mr . Handlan briefly discussed a long-range development program f or the College, reported on plans for �• • • • • ' • • • • • • • • I • I • .. • • • • • .. .. ... . • • '- , t �1.57 -3the development of a bequest program, and stated that work on the annual alJ1nmi fund drive is in progress. 11. President Spragens reported that the College recently received a gift of 125 shares of Ashland Oil & Refining Company common stock from Mr. Paul Blazer. The Board recorded its appreciation of this gift, and it was voted that the stock be sold and the proceeds from the sale, estimated at approximately $3,000, be credited to the Sesquicentennial Development Program. 12. Mr. Van Wink) e, chair·11ian of the Commjttee on Honorary Degrees, reported the Corondtt ee's recommendation that the College award honorary degrees at an early date to Mr. Sam v. Noe, Dr. Charles H. Parsons, and the Reverend Paul M. ,1atson. On motion by Mr. Lively, seconded by Mr. Martin, the Board of Trustees adopted the following recommendation of the Co:mmjttee on Honorary Degrees: That Cent r e College a,-ra.rd honorary degrees during the June, 1962, commencement program to distinguished a1,1mni. of Centre College and Central University as follows: Sam V. Noe, Doctor of Science in Education; Charles H. Parsons, Doctor of Laws; and Paul M. vlatson, Doctor of Divinity. 13. The report of the Executive Committee was ma.de by Mr. Lively, Secretary. Mr. Lively reviewed the Executive Commj ttee minutes of July 8, September 7, and October 13, 1961. The action taken by the Executive Committee at its meeting on October 13, 1961, pertaining to the allocation of unrestricted capital campaign gifts was discussed. On motion by Mr. Campbell, seconded by Mr. Rogers, the Board of Trustees confirmed the following action taken by the Executive Commjttee on October 13, 1961: That all unrestricted capital campaign fund gifts be used for building purposes until such time as presently authorized building program commjtments are met, and that no new building commjtments be made until present commitments are fully met. On motion by Mr. Lively, seconded by Mr. Logan Caldwell, the minutes of the July 8, 1961, September 7, 1961, and October 13, 1961, meetings of the Executive Commjttee were approved as previously circulated and the full reading thereof was waived. 14. President Spragens stated that consideration should be given to the prelimjnary pl~nning for conversion of the men's dining room to a student health center. The President stated that Dr. Parsons' commjtment of $50,000 to the College's Development Program was intended to be used for the development of a student health center. on motion by Mr. Rogers, seconded by Mr. Hall, the Board of Trustees adopted the following: . .. �• .i. • • • • • • • • • • • • • ... • • • • .,_ • • ' • • - • " • r • • • -· J • ..., ,J • • • .. • • • ,, ' • J • • r • • • �-4- 158 That the College contract with the architectural firm of Nevin & Morgan, of Louisville, Kentucky, for the development of preliminary plans for conversion of the present men's dining room into a student health center; and that before proceeding with the preparation of final plans for the project, such procedure shall be subject to authorization of the Construction Comrnjttee and the Executive Cornrnjttee of the Board of Trustees . 15. President Spragens reported that the preliminary work involved with the establishment of an athletic conference to include Centre J Hampden-Sydney, Randolph-Macon, Southwestern, The University of the South and ,-1ashington and Lee, has been completed . The articles of organization' have been prepared and the Centre faculty has recommended that the College adopt the articles of organization. On motion by Mr. Logan Caldwell, seconded by Mr. Armstrong, the Board of Trustees approved the following: That Centre College adopt the articles of organization for membership in the College Athletic Conference. 16. Mr. Lively reported that the Fayette Circuit Court has ruled favorably for the College's use of the funds from the Essie Barnett estate for the construction of a women's residence 11nj t located on the new women's campus . Mr. Lively stated that, in order to fulfill the conditions of the bequest, the College is required to raise and allocate at least $150,000 in addition to the funds from the Barnett estate. The Board of Trustees adopted the following resolution: The Treasurer having reported to this Board that the sum of $696,687 .00 in cash and pledges has been received for the current building program of the College, and that of this amount the sum of $470,227 .08 has actually been paid into the new construction account, tl1e Board was called upon to make an allocation of certain undesignated gifts to the building program. The Treasurer reported that the total cost of the new women's department campus on vTest Main Street is $996,275 .00, of which amount $180,000 .00 represents the cost of the land and $786,275.00 the cost of the two buildings . The Treasurer further stated that the direct building cost of all the new buildings in the current program is $1,988,697.00, and of this amount $1,713,000.00 has been furnished by a bond issue through the Federal Housing and Home Finance Agency. This leaves $275,697.00 of direct building costs to be furnished by the College . He further reported that gifts restricted to men's dormitories in the amount of $50,204.99 had been applied to direct building costs, leaving a further sum of $225,492 .01 to be supplied by the College . It was then moved by Mr. Evans, seconded by Mr. Campbell and unanimously carried that out of the $470,227.08 which has been secured by the College during the current capital funds campaign the sum of $150,000 .00 be allocated and applied to the direct building costs of Unit "B" of the women's department to be known as "Barnett Hall" and that the disposition of the balance of the funds secured during the current capital funds campaign be left for further action of the Board. . • �• • • i • t. .{ {1 l "• ' f • o1: • t J "' • , • [ . • • - • • • • • • J • • 1 ( • rr ,- • • • u • • .. ... • • • • '- • • • • • • • I • • • �i59 -517 • Mr • Logan Caldwell reported tl1.S.t the Comroittee on Bui l dings and Grounds had sought suggestions of names for the four new r esidence units for women . He stated that the names most frequentl y suggested for consideration by the Commjttee were Acheson, Caldwel l , Cheek, and Evans, in honor of four families long associated With the ~-lomen ' s Department of the College . On motion by Miss Cheek, seconded by Mr . Baker, the following was adopted by the Board: That the names of Acheson House and Caldwell House be used to designate two of the new women ' s residence units . On motion by Mr . Campbell, seconded by Mr . Rogers, the following was adopted by the Board: That the name G of Cheek House and Evans House be used to designate two of the ne1-1 women's r esidence units . 18. Mr . Lively reported that a contract for the exchange of properties betvreen the Danville Board of Education and Centre Coll ege was being drafted . He suggested that the Board authorize the execution of the contract . On motion by Mr . Baker, seconded by Mr . Campbell, the Board of Trustees adopted the following : That the President of the College be authorized to execute a contract on behalf of Centre College of Kentucky with the Danville Board of Education for the exchange of eighteen acres, more or less, of real estate owned by Centre College on East Lexington Street in Danvill e, Kentucky, for four acres of real estate, more or less, owned by the Danville Board of Education on West Walnut Street in Danville , Kentucky, and the additional payment to Centre College of the sum of one hundred thousand dollars ($100,000 . 00) . This contract is to provide for possession of the property on East Lexington Street to be given to the Da.nvill e Board of Education on or before February 1, 1962, and payment of fifty thousand dollars ($50,000 . 00) with the execution of the contract and the balance of fifty thousand dollars ( $50,000 . 00) with delivery of possession . 19. On motion by Mr . Evans, seconded by Mr . Hall, it was resolved: That the next meeting of the Board of Trustees be held at Centre College on March 24, 1962. on motion the meeting was adjourned by Chairman Sutcliffe at five o'clock p.m. Respectfully submitted, PIERCE LIVELY, Secretary �• • • • • \ • • • • • • • • • • • • ' • I • .l. • • .. . r • l • .. • • • • . �159 A-1 (pages 1-40) CENTRE COLLEGE OF !CENTUCKY THE PRESIDENT ' S REPORT 1959 - 1961 To the Board of Trustees: This is an account of two years of clear and substantial progress at Centre College of Kentucky toward goals earlier approved and established by the faculty and trustees . in order that 11e It covers a biennium rather than a single year, may have a broader perspective for the measurement of our gains. T110 years ago my published report to you recorded a year which I described as being one of change and advance. I then hazarded the assertion that it was "perhaps to be marked even more for ,.,hat its events signify in promise for the future". During that year we had concluded legal steps to amend our charter. The changes made the Board of Trustees a self-perpetuating body, and at the same time strengthened our relationship to our sustaining Presbyterian church by the creation of an advisory board, the Board of Curators, elected by the ti,10 Kentucky synods . The bylaws of the trustees 1.;ere completely revised, its organization was addressed to the challenging job of enlarging the resources of the College, and substantial changes were effected in our admjnistrative organization. Steps had been taken toward the improvement of our plant, our financial position {we then had an operating fund deficiency), and our faculty salaries. In two years our average salary had been advanced by approximate- ly thirteen percent. The student body had been improved in strength while our fees had been increased twenty-two percent in one year. Plans had been initiated for the development of a student center, but even more importantly a master plan study had been initiated to establish �.. ' t - , I • .. • J ' n !) 1 • • r I • .. .. ( • • ' I ... .. •• • r ' J • • • • • • • • • • • • .. •• • [. .. .... • •1 .L I b l. •• '.1 J .. . • . - • • r ' • • • • • v.cf - l C • J • r • "tI • ... 1 r • ) • • .sr .,..... .. .. n• I- • r - l • , t • ..nr. n r. • 1 9 (1 • I • • • • I .. • • .L' > ,[ • �159 A-2 a program for the orderly development of the College over a longer period . In the concluding paragraphs of the 1958-59 report I undertook to sum up our position at the time in these words: "As I have ear.l ier observed, much of our common effort this year is onJ.y prelude to larger e.nd bolder undertakings to come . We see the nece s sity of providing for nearly t,dce our present enrollment, not 011..1.y to help ~ et the increasing demand for educational opportunity bttt also t.o r,1 '0\r:ide e.n institutional size more nearly optinn1m in the balance it af .f.'crds in faculty, curriculum, and plant . Our master-plan studie s are pt·oducing estimat.es ,-1hich tentatively suggest that the modest bt1.t proper improvement and expansion of our physical plant du.ring the next ten years will require a capital investment in excess of three million dollars. The sound underwriting of our operating costs for this extended program should be supported by a comparable enlarge~ent of our endowment. This suggests the desirability - even the necessity, if our goals of educational quality and service to our region and nation are not to be abandoned - of bringing to the college a total capital fund increment of $6,000,000 to $7,000,000 within the decade . "This is 1959. In ten years Centre College will mark its one hundred and fiftieth anniversary. W hat more fitting goal can we set than the 'full accomplishment of our program of development du.ring this golden decade? Centre has long been a leading institutional figure in liberal higher education in this near-South region . Our tradition and our just pride, to say nothing of our urgent sense of the public need, should not allow us to rest short of this important goal." No,,, t'\10 years later, ,.,here do we stand? In quick s, 1nnuation of the developments in this period which will be detailed further below, these things have been done: 1 . In October 1959 the Board of Trustees formally adopted a master plan for the development of the physical plant and grounds of the College with the object of providing completely adequate facilities for an enroJJment of 750 students by 1969. 2. In the spring of 1960 the Board announced a Sesquicentennial Development Program, embracing a building program estimated to cost $4,950,000 (of which $2,340,000 could be borrowed for self-liquidating facilities) and a planned enlargement of the College's endowment by -2- �• • , (. • • • r • - • .. .. • • • •• • • • l • ... - • f • • • , - • • 0 • • • I �. • 159 A- 3 $4,300,000 to provide by 1969 a total endowment of $10,000 per student based on the planned e nrolJrnent of 750 . 3. The Sesquicentennial Devel opment Program was publicly launched in November 196o ,,i th a first-phase three year goal of $1,500,000 . Prior to the public campaign members of the Board had already given or pledged a total of $285 ,600. By the end of the fiscal year on July 31, 1961 a total of $820,000 had been secured in gifts and pledges from all sources, putting the campaign over half-way to its three year objective. 4. A loan of $1,713,000 was negotiated with the Federal Housing and Home Finance Agency to assist in construction of completely new residence facilities for the entire present women ' s student enrollment; a quadrangle of six duplex houses· to accommodate six fraternities previously housed in • outmoded, off- campus r esidences; and a handsome central dining commons to serve the entire college enrolJment . 5. Through negotiation 19 obsolescen . : residence properties north of Main Street ,iere purchased in the 1-dnter of 1959-60 to provide a site for a new women's residence campus innnediately adjacent to the existing main campus . 6. Contracts were let in November 1960 for the construction of the planned residence and dining facilities at a cost of approximately $2,150,000 . 7. In March 1961 a contract ,,as let for conversion of the former Boyle- Humphreys gymnasium into a completely modern student center to accommodate student social life, student government, and the various extracurricular student functions, at a cost estimated to total $300, 000 . 8. In January 196o the proposal of the Danvill e City School Board to exchange the present Danville High School buildings and grounds for the present women ' s campus property on Lexington Avenue , exclusive of the Weisiger Fine Arts Building, was accepted, to be effected with the occupancy of the new women's residences in February 1962 . -3- �• • • . ) • • • • - • - • . . • • .. .. • • I • ,. - ' ') 't • • • .. ... • • ... ' . r I I • • .. • • • • - • ,. • .... • \, I • l" .. • • • • r ., • • . • • • • • •• • -- • . .1 • I r 'l • • • ,. •• • • • • • • • • • •• • • • .. I I t t , • �159 A 4 - 9. The operating fund of the College was brought into favorable balance and an accumulated deficit of more than $80,000 was eliminated. 10. The operating budget of the College was increased by nearly ten percent over t~o years and, based on realistic projections, the decision was ma.de in the fall of 1960 to increase tuition, room, and board charges from $1500 to $1650 in September 1961 and to $1750 effective in 1962. This decision provided the basis for projectLng substantial additional salary improvements for the College faculty. ll . In March 1961 a salary budget was adopted for 1961-62 to provide a scale of salarie s under which the average nine-month salary for all ranks will have been advanced by approximately thirty percent over a four-year period based on 1957-58 scales, and the average salary of full professors will have been increased by thirty-six percent over the same period . At the same time a substantially expanded program of collateral benefits was provided, including a generous disability income plan and major medical expense insurance for the faculty, and a program of group life insurance for aJJ employees of the College. 12 . A continually stronger student body was enrolled from year to year. The freshman class entering last fall presented College Board aptitude tests scores averaging 70 points higher than the class enrolled in 1956, four years previous, and the class now admitted for 1961 averages approximately 85 points higher than the 1956 group. 13 . Centre became one of five colleges in the entire South admjtted to participation in the George F. Baker Scholarship Program, established and generously financed by the George F. Baker Trust of New York City. 14. Although the faculty suffered the grievous loss by death of four senior members during the biennium, a vigorous, able, and exceptionally -4- . • ��- - . - . • I I 159 A 5 - well pr epared group of new scholars ,,ere added to our r anks . Altoget her l2 r egular appointments ,-1ere ma.de in the t,.,o years, augmented by t,vo per sons holding visiting or acting appointn1ents . 15 • Curricular adjustments lrere adopted to provide more encour agement for interdisciplinary and independent study by students of the College . In addition a program of pre- matriculation reading for entering freshmen was inaugurated in 1960 pointed to1,1ard a special program of l ectures and student faculty seminars in the freshman orientation per iod. 16. An expanded program for extending the intellectual horizons of the campus through frequent use of visiting lecturer s of disti nct ion was inaugurated in 17 . 1959-6o. Facilities and services of the College library 1vere expanded through enlarged appropriations, and the faculty commjttee on the l ibrary was re quested last fall to initiate an active study of Centre ' s long-term l ibrary needs, having before them the kno,rledge that, after the buildings now under construction, ne,-, library facilities hold top prior ity in the program for implementation of the campus master plan . 18. To provide continuity for the leadership of the capital development program, the Board of Trustees in June approved the creation of an Office of Development under the management of an experienced director . This office ,,111 be active September 1 this year . This s11ramary of highlights of the biennium give some indication of the major advances uhich have been undertaken and realized through the magnificent cooperation of the trustees and faculty in pursuit of clearly defined . goals . In the following pages these and other developments will be more fully delineated . ��159 A- 6 The Academic Pursuits The inescapable preoccupation uhich trustees and officers of a coll ege must have in times such as these lTith matters of physical gro,-rth and financial sustenance must never be allo,red to blind us from our obligati on to our first and central concern - the constant advancement of the educational objectives of the institution . Buildings and endo,rments are but a means to a noble end . As it has been for one hundred and forty- one years, our essent i al pur pose at Centre is to provide a superior opportunity for l iberal hi ghe r education to the youth of our land . The Centre faculty is acutely aware of its obligation to offer to capable students an opportunity for learning which is attuned to the necessities of our times . These are days ,,hich call increasingly for leadership trained to think clearly on complex issues, adequately fortified by a sound grasp of history, an a,.,areness of the ,.,onderful powers and the woeful weaknesses of mankind, and a clear conception of the implications of modern science and technology for the complex problems of organization and advance ment of our society . We are thus concerned continuously ,Tith efforts to improve our teaching, to offer a course of study which is in tune both with eternity and with the needs of the day before us, and to aid our students in every conceivable way to come more clearly to kno11 themselves, their v1orld, and their purposes in life . In these t,10 years vre have underLaken no radical changes in our curriculum or our calendar . major lines, ho,rever . 1) \·le have pressed efforts at improvement along five They involve the following objectives : Enhancement of the perspective and motivation of the new student as he enters his college years; -6- �• • • j . • .... • , • u 0 • • • - .. • ) tJ • • , ... ,. • f • • - ., •• • • 0 ... J .. t ,- • <., • • r • • ;- .. -· • I • • • • - ' • ' ' .. • • - ... • • .t. .. • • , ,. ,.,• • • I ' ..... • • • • J • • • • • • • • �' I 159 A- 7 2) Improving opportunities for differentiated ,.,ork by ind.i vidu.al students in keeping with their differing abilities and prior achievements; 3) Stimulating more involvement in interdisciplinary study, with its inevitable advantages in strengthening the capacity for integrating the implications of various fields of huma.n understanding; 4) Enlargement of the acquaintance of the students with people, ideas, and cttl tures beyond his o,m environment and our ovm campus; 5) Extension of the curriculum in areas which will enlarge appreciation of non-Western cultures . Toward the objective of heightening the entering student ' s enthusiasm f or a ne\1 and higher level of intellectual endeavor, the faculty inaugurated with the class entering in September 1960 a revised program of freshman orientation . Though the more traditional orientation vreek functions of introducing the student to his ne11 physical and social environronet and of admjnistering a limited battery of placement or achievement tests were not abandoned, emphasis vras placed on using this brief prematriculation period as an opportunity for an irmnediate and exciting introduction to the life of the mind . In preparation, the ne,rly admitted students ,.,ere provided a program of reading on an assigned topic several ,,eeks prior to arrival on campus . The first year ' s topic ,.,as ''The Search for Significance in a \-/orld Uprooted" . Each student ,ras asked to read The Ugly American which was sent him in paperback form and to study further in preparation for a discussion seminar ,- hich ,,ould feature his first day on campus . r A selected reading list of contemporary writings was sent to him, accompanied by a well- pre pared list of questions to guide his preparation . Upon arrival on campus, the student ,-,as, on the evening of his first f11J 1 day at Centre, challenged by a provocative address related to the -7- I ��159 A- 8 theme which ,,as given by Dr . Ralph Braibanti, professor of political science at Duke University, a specialist on Far Eastern Affairs and a highly stimulating lecturer . Immediately thereafter the ne,., students, divided into groups of ten each led by two members of the faculty, undertook a searching examjnation of the issues raised by their reading and by Dr . Braibanti ' s lecture . To further the impact of this class11ide conversation the English department assigned to all fre sh.men as their first writing exercise a further discussion of the issues examined in their reading, the lecture and their discussions . The impact of this immediate jump into the deeper waters of collegiate study ,-ras clear and gratifying . the process in The faculty voted unanimously to continue 1961 and plans have been formulated for a comparable program for freshmen entering this September centered on the idea of liberal learning . The goal of improved individualization or differentiation of learning opportunities has been pursued principally through the offering of more independent reading programs in different departments and by the addition of honors sections in the intermediate levels of modern languages . Similar objectives ,,ere sought by the modification of class attendance regulations for upperclass students to place students on their o,,m responsibility in the matter . The principal new venture in interdisciplinary study has been through the senior honors seminar in ''Social Applications of Christian Thought 11 offered jointly by Professor Noble in political science and Professors Bryant and \·linsor of the department of philosophy and religion . This three-credit seminar met in tv10-hour session once ,-1eekly and concentrated its concerns on extensive readings and the preparation of critical papers . -8- �.. ' , • • 0 • .. •• t. • • • • I, 'l • • •► f. \ • \ 1 ,. J: ·:cl. l .. u - • [ • • • r l. • •• • r ,. • • 0 V I., .... r J<)S ,. • - - l "'.a f) ,J - • rr ... .[!) • • - ... .. I • ..,,. • • • • ,. - • riJ • • • • ... .( •v • • • l.u • • • jJ • J C ,. • .. • J ... r • ... • • ·a - .r l .. • • • - .. I 9 rr cf l . - .. ( • • I • .. • • • • • •• • • \ .;;;, , • • .... - ... I , • • ...... • .. • .. I • ff_ • • r • r • .[ • r - .c - • • • V • - . r 2n l. J. l .. • ..... • • ... .t 1 i ,. .. t .., • l ,_ • �159 A- 9 The work has been demanding and intensive, but has been rated by several participants as their most reuarding college work . This honors seminar was greatly enriched by the participation in the weekly meetings by a number of invited outside scholars and specialists, whose talents were also extensively used in the weekly convocations of the college body . This practice was a considered part of the faculty effort to broaden the intellectual horizons of the entire campus . Among the speakers brought to the campus for these purposes during the two-year period were Dr . Roswell P . Barnes, American secretary of the World Council of Churches; Dr . Frank P . Graham, member of the United Nations secretariat and the distinguished former president of the University of North Carolina; Dr . Charles Burton Marshall of the School of Advanced Studies, Johns Hopkins University; Dr . Benjamjo Mays, president of Morehouse College; the honorable Eugene McCarthy, Senator from Minnesota; and M. Gopala Menon, Consul General of India in Uashington . Others similarly involved in lectures and seminars include the late Dr . Alexander Miller, professor of religious thought at Stanford University, Edward P. Morgan, news commentator with the American Broadcasting Company; Dr. William Lee Muehl, of the Yale Divinity School; Mr . v. s. Dr . T . v. Polyakov, second secretary of the U.S . S.R . embassy in Washington; Smith, former professor of philosophy and politics at the University of Chicago and Syracuse; and M. Soemarman, former Indonesian diplomat and fellow of the Center for Population Studies at Harvard University . Additional visiting lecturers have included Dr . Kenneth\! . Thompson, director of social studies, The Rockefeller Foundation; Dr . Arnry Vandenbosch, dean of the School of Diplomacy, University of Kentucky; and Dr . F . Champion W'Wrd, division of overseas activities, the Ford Foundation. Brought especially to the campus for lectures and seminars with members -9- �' , , • • • • • • .. - • • • • • • • • • • • ... r • • - • • • • • • • • • • • • • �. .. 159 A- 10 of the faculty in the annual fall conference sessions '\-Tere President Douglas Knight of La,rrence College and Dr . John Nasan, presi dent of the Foreigh Policy Association . The concern for extension of the curricul um into areas extending beyond our Western cultural tradition has not been Widel y exploited yet . However, the reintroduction of a course in comparative religions springs in part from this concern . As the College grows in enrollment and therefore i n faculty size, we contemplate the addition of specialists in Russian and Asiatic studies, perhaps in collaboration with a neighboring institution having similar concerns . Meanwhile, ,.,e are contemplating ,nth satisfaction the probability that Dr . fvlary Sweeney ,rill travel to India next s11mmer to participate in a 11nj versi ty conference on Asiatic studies . Among other evidence of the continuing faculty concern for the enrichment of teaching and elevation of levels of student involvement is the action of the English department this year in completely reorganizing the required course in freshman English to bring to all students the same more intensive, individualized and advanced methods and subject materials developed for and heretofore used only in tl1e top "honors" section of the course . The extent of improvement in the preparation and motivation of the entering student today is strikingly demonstrated by the fact that this move has been taken only three years following the discontinuance of our last section in non- credit remedial English . In another innovation, the same department is requiring in one advanced course, the English novel, that all students be preregistered in May and coromjtted to reading four required books during the intervening st1romer . As we prepare to enter the 1961-62 year, we are beginning to lay the guidelines for a full-scale self-study by the faculty . -10- Earlier planned for • I I �• • • • • • • , • • • ' • • I • • • • • ,. • ' i • • • .. r • .. I . ... l • • • • I • • • .. • l. �. • 159 A- 11 a more advanced beginning, this study is being scheduled to fit i nto the cal endar of institutional self- studies carried on under the revised program of the committee on colleges and universities of the Southern Association of School s and Colleges . Its delay is probably well advised in general as it has afforded us the opportunity to experiment piecemeal with a number of innovations in class organization and teaching methods and more fully to acquaint ourselves with the potential of the greatly improved caliber of students now enrolling in the College . It will also have the benefit of participati on by the several neu, vigorous and imaginative younger scholars recentl y brought into the ran.ks of our faculty . The Faculty The Dean of the College, Dr . Frank H. Heck, very properly has made the following observation in his Olm annual report : ''Our curriculum, I believe, is fundamentally sound, if relatively conservative . But what appears on paper to be a good curriculum is of little ,,,orth if taught by poorly qualified or disinterested teachers . The strength of Centre College rests on the very real strength and devotion of our faculty . " Centre is very fortunate to have a faculty composed of able men and women, competently prepared and deeply conmti.ttea to scholarship and teaching . W have suffered major losses during the past two years, particularly e by untimel:," deaths among our active colleagues . However, lle are greatly pleased by the qualities of mind and professional comrojtment possessed by our newer and younger members . The fact that they have been attracted to the Centre faculty is due in no small part to their respect for those members already deeply established here . In January of 1960 we lost Dr . Joseph Proctor Knott, chairman of the Department of Modern Languages, who ,.,as one of the oldest members of the -11- �• r • ., • .. • • ... • .c. .. r t .. • • • I f l • • .. • • .. • l • 1 1 . ... • • • r .. • • r l ., .., ~ • • LJ .. • ,~ • • • r '" J.. ,, J .. • -. • .. • r r • • I t • r r • • \ l • • • 1 • • J • • .. J .r .. • • l, r ' • 1 • '..L . r.:, .. J - • • • • • • • • l • ,. • • • • .. • • • • ., J • • �159 A- 12 faculty in point of service . His breadth of scholarship, his love of learning, and his dedication to teaching had ,;.1on the respect of countless students who had come under his guidance over the years . A year l ater, in January 1961, Dr . Richard I . Rush, for over thirty years professor of chemistry and chairman of the department, was claimed by a heart attack . Little more than a month later, Professor Dwight steere, chairman of the department of music for sixteen years, died unexpectedly following surgery . Our fourth loss occurred in July, ,,hen Dr . Earland T . Ritchie, chairman of the department of physics, succumbed to a sudden heart seizure . Each of these men 11as a devoted teacher, and all '1ere actively involved in the continuing work of the entire faculty for the improvement of all phases of our educational enterprise . Dr . Rush ,-,as particularly known for his leadership in this region in the promotion of research among the departments of chemistry in the liberal arts colleges . Professor Steere was recognized as a major authority on protestant church llIU.Sic, and ,-ri thin the year had seen the publication of his second book, Music in Protestant W orship, by the John Knox Press . On the names and effect- ive work of such men as these has rested much of Centre's reputation for distinction in our region. They will be sorely missed. Other losses from the faculty during the biennium included Dr . Robert H: Bryant, chairman of the department of religion and philosophy, who has accepted appointment to the chair of Systematic Theology in the new United Theological Seminary of the t'\-1in cities, v1hich is being located at St . Paul, Minnesota . Dr . Charles F . Conklin, for four years associate professor of economics has accepted appointment as chairman of the department of economics and business admi ui st ration at Simpson College . Dr . Hornell Hart, ,.,ho served ,-ri th di stinc - tion as professor of sociology for three years following his retirement at Duke has been retired under our o,m retirement statutes and has gone on to new -12- �• • • • • I • • • • • j • • - • I t • • • • • • • • • ' • .. • �159 A- 13 . .. • I I teaching and research activities in Florida . Mr . J ohn David \-Talker, instructor in the department of English, resigned at the end of the 1959-60 year to proceed with study to,;-1ard his doctorate at Rice University . 1110 members of the department of physical education and athletics, Mr . Joseph 1·1. Brunnnett and Mr . Joseph G. Payne, resigned in 1961 to accept employment outside the college world . New appointments during the biennium have provided replacements in the vacancies created by the losses just recounted and also for the addition of four ne,., positions to the faculty . In February 1960, Dr . Rex Hanna Knowles (D . D., Yale; Ph . D. ,Nebraska) ass11med his dual responsibilities as dean of the chapel and associate professor of religion and psychology . Dr . Knowles came to this ne1-1ly created position after ten years of distinguished service as minister to students on the llestminster Foundation at the University of Nebraska . In September 1960 we welcomed on a one-year appointment following his retirement from the University of Illinois, Dr. Ernest H. Shideler, as visiting professor of sociology . At the same time Robert A. Magill, Jr . , (M. A., Virginia) accepted appointment as assistant professor of modern languages while pursuing the completion of his doctoral dissertation at Columbia Unive:rsi ty . Mr . Charles R. Lee, Jr., then a candidate for the doctorate from the University of North Carolina, ,-1as appointed instructor in history. \-Ti th the completion of that degree in June of this year and following a very successful initial year as a member of the faculty, Dr . Lee was advanced to the rank of assistant professor effective in September . Mr. Jerry David Madden also came to the faculty in September 1960 from the Yale graduate school of drama under appointment as acting instructor in English . Mr . Madden has contributed in many creative vrays to the life of the campus and bas managed to supplement a full program of teaching by successful pursuit of his substantial talents in creative writing . His first novel, The Beautiful Greed, was published this s, 1mmer by Random House . -13- �• • • • • • • - • • • ... • • I.. • • -- • • • • . • l • • • • r - • • J • • • • • -( . • • .... • • • ) • • .t ... • ,. r '1 .. • • • • • • r ... ,. • • • • j., r • - • • �159 A- 14 Ne,-1 appointments which have been ma.de for the year 1961-62 include Miss Frances Jacob (Ph .D., Tulane), to the post of professor of modern languages. Dr . Jacob comes to Centre after several years of very successful teaching under a comparable appointment at 1-lintbrop College . To the important post of chair- man of our department of economics and business administration we welcome this fall associate professor James Douglas Bro,m, Jr. (Ph.D.,vlisconsin), who comes to us from the faculty of Hamilton College . As assistant professor of philosophy and religion, Terence N. Tice (Th.D ., Princeton), comes to Centre follo1ving a year and a half of study in Europe at Heidelberg and Basel. Also appointed to the rank of assistant professor in the department of chemistry is ,,Jilliam C. Sagar (Ph .D. , Ohio State) , ,-,ho has been engaged as re search chemist ,.,ith the Ethyl Corporation for the past three years . Miss Sara Jo Huff, a graduate with honors from Centre in 1957, returns to the College as instructor in English this fall . She has been completing requirements for the masters degree in English at Indiana University this summer . Miss Joellen K. Bonham (M.Mus . ,Michigan), has accepted appointment as instructor in organ and theory in the llD.lsic department. To fill the unanticipated vacancy in the department of physics created by Dr . Ritchie's sudden loss in July, Mrs . Alice Kimbler Hankla (A .B., Centre '59) who has completed two years of graduate work in physics at Vanderbilt University, has accepted a year's appointment as instructor . In the department of physical education and athletics t,10 appointments have been made . Mr. c. Spencer Holt, Jr. (M.A., Peabody) has accepted appoint- ment as assistant professor of physical education and head coach of football. Mr . Holt is presently a candidate for the doctor of education degree at Peabody . To the position of instructor in physical education and head coach of basketball ,1e are pleased to have appointed Alexander Eastern Kentucky State College) . ,1 Stevens . (M. A., Mr . Stevens has previously gained a substan- tial reputation in our own conmnmi t y as teac her of social studies and coach -14- • I I �r • • - I .. • J • I • • • • • • • • • • • • • t l. • . • - ) ,. • r. • • • • • J • .. • q • - • • ' • ... • - - • • • • • - • • l. • .l \ r I • • • • ' r ....... • t· • • • • ... • • • s. • . .) • .- .. I I l • r •• .L ' . • ,. • .. t • • • • • • r • • • • , • . • • • • r • • • �159 A 15 in the Danville High School . Several promotions in rank have been approved by the trustees during the two years . In September 1960, Dr . Leroy Ullrich was advanced to the rank of professor of psychology. Promotions to the rank of associate professor at that tjme included Dr . Lawrence H. Noble in political science, and Mr . Briscoe Inman, chairman of the department of physical education and athletics . Promotions authorized this spring to be effective September 1 , 1961, include the advancement to the rank of professor of Dr . West T. Hill, of the department of English, and Dr . Emma Moon Holdren, chairman of the department of modern languages . Professor Paul Cantrell, who this year 1-1as awarded the degree of doctor of philosophy from the University of Virginia, was advanced to the rank of associate professor of English. Dr . Gordon \.linsor of the department of philosophy and religion, was promoted to the rank of associate professor and confirmed as chairma.n of the department, succeeding Dr . Bryant. Previously mentioned was the promotion of Dr. Charles Lee from instructor to assistant professor in history. Other departmental chaimani:;hips placed in ne,., hands during the biennium include that of the department of chemistry, in vThich Professor John H. Walkup succeeds to the duties carried for many years by his senior colleague, the late Dr . Richard Rush. In the department of physics, Dr . Roy Ellis has been designated to the chairmanship formerly held by Dr . Ritchie . The chairmanship of the department of music has been entrusted to Professor Bertram Kelso, who has served for several years as assistant professor in voice and musicology . -15- �• • ( r • , • • • ... r r • • • ) • - • • • • .[oFI !! ·:i: • tl ' • • CJ. .. ,,. l • • - r . r • t., .( ... . '- - .. • .... _( - .. r! r rf') . .. a l ., a J.. l • ' • -1 r T • .• 0 • ,. • • • J.0 • • 1 I • • • "' f q r • ... • • 'I j .1.. \.'f [1 !l • j • .:, .. I .' • • i. Jc . 1 ':"1 r. .t > • .. v v • ca • t Iq 111 .. .. • .L l • ,. r n • ,. .. - - ) • \. r • • ... J J • - .... - .1. J • 1 • .. l • L • • a ~d a · • • . t' • 1 t') • • - • ... • ... o- • .J ll~ cf 1 .. . .,. . .. ) • "r • .. . u �159 A-16 The Libraries High on our list of priorities for the improvement of the resources of the College is a major extension of our library facilities, probably requiring a new building. The achievement of this goal must a,vai t the f11J J completion of our present three-year building fund campaign for $1,500,000. Short of the develop- ment of this major addition to our facilities, however, several steps have been taken during the past two years to strengthen the availability of the very adequate collection of books which are housed in our present facilities. The considerable renovation of the present library building which was undertaken in the s11mmer of 1959 has added greatly to the attractiveness of the building. The crolrding of the collections on our shelves has been relieved to a degree for the immediate future though a removal of two faculty offices formerly located in the library building, freeing considerable space for the shelving of additional books. To provide for the departmental collections in art, drama and music, a new departmental library is being established in the Weisiger Fine Arts building. The collections to be housed in this new location are primarily being removed from the branch library heretofore located in Morgan Hall on the women's campus. This move accordingly offers little relief from the shortage of space which again looms very close in the future. The impending abandonment of the former women's campus in 1962 has made it imperative that we relocate all books now housed in the Morgan HaJJ branch library. With the cooperation of the entire faculty these collections are being reviewed, Unnecessary duplicates are being eliminated and other volumes are being transferred to space now made available in the main library. This work has been facilitated by the temporary provision of additmonal clerical help. The basic service of the library to students was strengthened during the -16- ��159 A-18 O ...r St de11ts A good faculty, backed by a good library and provided with adequate facilities, is still handicapped in the accomplishment of superior educational results if it is forced to deal with too wide a range of student abilities and interests. Although as citizens of our state and nation we are committed to the principle of providing as s ubstar.tial educational opportunities for all as they are able and willing to undertake, as a single private institution of limited resoa-ces and facilities Centre bas deliberately chosen to concentrate its efforts on providing a sound liberal ed~cation to st~dents of capabilities and ambition above the average. Only by such concentration can we achieve to any significant degree our considered purpose of providing leadership toward goals of excellence for our region. On this foundation our policy of student selection and admission is based. Altho..tgh we are clearly committed to a gradual expansion of our enrollment to a level of approximately 750 students during the next eight years, we are conc..rrrently purs uing a policy of more rigoro~s selection of students for admission to the College. The evident restllts of this are demonstrated in many ways, not the least of which are the substantial red~tction over the pa.st few years of students failing in course and the larger proportion, particularly among our men st ~dents, achieving dean's list standing. A more objective measure of the increasing general competence of our students is the mean scores of our entering fresbrnan classes over the past five yeaTs on the aptitude tests of the college entrance exarntnation board. These average scores for the past five years, incl~ding the class admitted for - 18- ��• • 159 A-J.9 entrance this faJJ, are as follows: Verbal 1957-58 1958-59 1959-60 1960-61 1961-62 • Math 437.2 464.9 477.8 500.7 513.2 455.8 472.6 489.2 501.2 523.0 For those ,.,ho read these scores in terms of national norms ,it should be observed t l1B.t t he distinct regional differences between the average scores of students taking the college board tests from the South, as measured against those from the East or the Middle-Western states, is a difference of nearly 75 points on a scale of 600, ranging from 200 to 800. Our faculty committee on adrn1ssions has learned that, in terms of the pEedictive activity of the aptitude test scores in relation to perfo ce at Centre, we should discount the scores of students from eastern secondary schools by 50 to 75 points. This experience stands in contra.diction to the assumption that the board tests are measures of raw aptitude unaftected by the substance of the student's previous education. I do not now undertake to explain this apparent discrepancy, but only to record the fact. As helpful as the scholastic aptitude tests are in evaluating differences between the readiness of students for college work, our committee on e.dmissions has conducted studies which indicate that of great importance is the q11aJ i ty of thP. student's se~ondary school record, including bis rank in class. And never to be forgotten is t.he intangible factor of motivation, which can often be best judged through the evaluations of teachers and others more f11l Jy acquainted with the candidate's previous work and future ambitions. -19- ��159 A- 20 The Centre student body is drawn from a range of thirty or more states of the union end includes registrants each year from several foreign countries. The freshman class enrolled this September includes students from twenty-three states , the District of Columbia and three Approyimately 50 foreign countries, including Iran, Cuba and Mexico. percent of our enroJJmP.nt is from Kentucky, however, and the larger part of the remaining group comes from adjacent states and from the suburban conmruni ties of the New York metropolitan area. One factor which we must doubtless guard against is the danger of remaining too provincial in the composition of our student body. In a day when the graduates of our colleges are moving into fields of work which caJJ for a high degree of geographic mobility, it is only sound that their 11ndergraduate prepar4tion be accomplished in an environment which provides a wide range of regional cultureal background. Moreover, the fact that the entire world itself is rapidly as~uming the dimensions of an island sho11Jd lead us to pursue more affirmative steps toward the enlargement of our enroJJmP.nt of students from other nations and continents. Many measures could be advanced to demonstrate the increasing level of competence and scholarly ambition of our students. A simple indicator of the comparative scholarly abilities and personal qualities of the Centre student body, however, may be gained from the fact that in the past three years two of the six college seniors nominated for Rhodes scholarships by the Kentucky selection committee have been Centre students. _ Of the . remaining four, three have been enrolled at Harvard and one at the University of Louisville. As we enter a new year, I am aware of three present students who are planning to pursue candidacies for Rhodes scholarship nominations. AJJ three possess queJifications which will deserve the strong endorsement of their applications by the College. -20- . • �• • • • : . �. 159 A-21 • • l Careful observers of the American acadero1c scene have pointed out that much of the intellect,1aJ and scholarly development of students on any campus depends upon the general "climate" of that campus and that much depends upon the degree of persona.] involvement and comm1tment felt by the individiiaJ members of the student community. It is gx-ati- fying to observe in the new classes of students coming to the College in recent years a greatly heightened sense of concern to make the college years more productive in intellect,1aJ end personal development. A larger sense of individual responsibility is also clearly apparent at Centre, end I believe it is characteristic of college students throughout the country. Their eagerness to pursue more demanding courses of study with greater independent responsibility is matched by their willingness to assume greater responsibilities for the orge.nization and government of college community life. Two years ago I reported that steps have been taken in the spring of 1959 to vest in a student judjciary the responsibility for enforcement of the limited discipline which is necessary even on a cmpus of selected students. Our t\-10 years of experience with this system has more than justified the confidence of the faculty in delegating responsibilities previously carried by a faculty comm:lttee. The enlarged student -- interest and increasing responsibility for the total effectiveness of campus life, both academic and social, has led also to a substantial reorganization of other elements of student government during the year just completed. The Student Congress is exercising increasing leadership in student affairs , end the functions of student government are attracting a wider participation on the part of the most responsible and effective members of the student body. 21 , �• • r • r • • • , • • - • • • ... • j r • • • • • • • • r • • • •• • • • • , • ' • l • • • • • �159 A-22 • I I Centre's Religious Commjtment. Centre College has remained firm in the coromltment of those who founded it one hundred and forty-t,10 years ago, to the idea that education and the pursuit of truth are, in ultimate terms, relevant only as they are related to some essential beliefs regarding the basic nature of man and his relationship to the universe. Centre is institutionally associated with the Christian interpretation of reality. This commitment is clearly understood by all who come to the College, and is a conunon commjtment of members of the faculty. Our religious commjtment does not,however, limit our intellectual commitment to the pursuit of truth. Uithin our protestant tradition, we believe and act in the faith that truth is subject to continuous revelation to the inquiring and concerned rnjnd. Dogma has no place in the teaching function at Centre. Centre's original charter properly provided that there should be no sectarian instruction in the College. At the same time it contemplated that the college corooo1ni..ty, as a part of our ,1estern Christian culture, ,-1as a religiously committed comnn1njty and that its pursuit of truth ,.;as conditioned on the belief that, though roan I s understanding of it is and ,-1ill remain imperfect, truth is absolute and based upon the essential reality of an omniscient Creator. Grounded in this conviction, the act of worship is implicit in the life of the Centre comrrn1ntty. The weekly service of corporate worship of tht college body within the Christian tradition is a manifestation of this commitment. To strengthen the College's ministry to the religious seeking a.nd response of 1 ts students, steps ,1ere taken in 1959-60 to create a specific campus pastoral ministry. To this responsibility ,-1e have brought Dr. Rex Hanna Knowles, dean of the chapel, whose appointment has been recorded in the account of faculty changes above. - 22 ...' · Dr. Knowles has added substantially ��159 A-23 to the ,- ork and worship of the College community . r • His singular service in this capacity has commanded the respect of the entire college community and has enabled us to enlarge the understanding of our larger college constituency of the relationship betlreen religious faith and free intellectual inquiry . He has tirelessly responded to the ma.ny calls on his ministry vrithin the campus, and has at the same time given of his abilities without reserve to church and comnn1njty activities far beyond the limits of the campus. In an era lThen the principal issues faced by roan are caught up in the conflict bet,1een a segment of the world cnmmjtted to a purely materialistic interpretation of life and our own society which has been based upon an historic belief in the dignity of men as sons of a living God, the academic comnniuity cannot fail to pursue deeply and seriously the implications of its own essential beliefs and com:mjtments. Developing Our Physical Plant Three years ago we undertook a careful assessment of the needs of the College for physical facilities to acconnnodate our educational program in the years ahead . Our studies lTere carefully made ,-11th the assistance as pla.uning consultants of the firm of Murphy and Mackey of St . Louis. In October 1959 the resulting master plan was formerly adopted by the Board of Trustees. Its adoption involved several major decisions. Of first magnitude ,ras the conclusion that the Centre campus, heretofore divided in separate uni ts for the men' a and lromen' s di visions of the College, on opposing sides of the city of Danville, should be abandoned in favor of a single consolidated campus which would provide both greater economies of maintenance and much more effective pursuit of our central academic purposes. The master plan was based upon our considered decision to move to an enrollment of 750 students by 1969. It accordingly called for the construction -23- , ��159 A-24 • • I I before that time of new residence facilities adjacent to the present men's I campus for approximately 275 lTomen students. It also involves a development of ne,1 on-campus residences for the six fraternities heretofore housed in outmoded and inadequate residences scattered through the residential comuunity adjacent to the campus. Supplementing these six units designed to house a maximum of 154 students, the plan provides for two additional men's residences which will accommodate an additional 80 to 100 students. The plan for a con- solidated campus further provides for a new central dining commons, which will include dining rooms adequate to serve the entire residential college enro]Jment. Further essentials required in the accomplishment of our plan are the new library which has already been discussed; improved classroom and laboratory facilities; and a central campus facility for student extracurricular activities, includjng social functions, student government, the student publications, and the various casual recreational pursuits important to a wholesome and balanced campus life. Also envisioned for the enlarged College is an auditorium which will accomodate up to a thousand persons, ma.king possible not only the assembly of the entire college body of students and faculty for regular convocations, but also the provision of adequate seating for the frequent college exercises open to the general public. Further elements in the master plan are a central student health center and infirmary, and an extension of the existing gymnasium facilities to provide a swimming pool for the use of the entire student community. The necessity of moving toward accomplishment of the initial stages of the master plan has been urgent. The old and now obsolescent residences on the campus of the women's division have been in need of major modernization and rehabilitation. To avoid the necessity of heavy expenditures for these purposes the trustees decided to move in.nnediately to the development of the -24- ��. .. 159 A-25 new women's residence campus. Similar considerations dictated the immediate construction of the ne,-1 fraternity quadrangle and the central dining commons. The urgent necessity of adequate on-campus social facilities also called for an immediate start on the student social center. Accordingly, since November 196o construction has been begun on two buildings incorporating four units of housing for women students, located on a new site acquired north of Ma.in Street and across from the existing men's campus, three duplex houses providing accommodations for the six fraternities, the central dining connnons, and the student center. The latter facility is being developed through the complete reconstruction and modernization of the former Boyle-Humphreys gymnasium. Construction on all these facilities is now far advanced. The student center has been designated Sutcliffe Hall in honor of Mr. and Mrs. Elbert Gary Sutcliffe, whose initial gift two years ago provided the impetus for planning this center. It will be occupied during the autumn ,reeks. The fra- ternity quadrangle 1irill be available for occupancy during the Christmas holidays, and the new uomen's residences and the central dining commons are to be placed in use with the beginnjng of the second semester in February. Construction of these facilities has been made possible by two major sources of financial support. Instrumental in financing construction of the new residence and dining facilities uas the negotiation of a loan of $1,713,000 through the Federal Housing and Home Finance Agency. This loan will be liqui- dated over a period of forty years through revenues derived from room rentals and board charges. Funds required to supplement these borro,red funds have been secured through a capital fund solicitation initiated publicly in November 1960, and through which a total of $820,000 had been secured in gifts and pledges by the end of our fiscal year on July 31, 1961. -25- • i 1 �• • I .. • • • • • • • • t • ... .., • ' • • • • • • • • • • • • • • ' • �159 A-26 This program of construction represents, of course, a major reorganization of the Centre campus . the college connnunity . It wilJ. involve major changes in student life within For the first time since the former Kentucky College for \?omen was incorporated into Centre College in 1926, our vromen students will be able to move easily and freely from their rooms to the libraries, classrooms, and laboratories without reliance on bus transportation . The consolidation of fraternity residences on campus 11ill inevitably lead to a greater unification of the social activities of the fraternal groups into the total life of the campus . The opening of Sutcliffe Hall, this ne,., student center, will provide for the first time in our history a central facility in 1-1hich campus social and recreational pursuits may be fostered in an adequate and gracious setting, and the central dining commons will provide a further element of integration in the informal contacts among the students and between students and faculty members. These affirmative results of the new building program ,., 111 be supplemented by substantial savings of costs no,1 involved in the maintenance and operation of two separate campuses . Moreover, the standards of safety and convenience of nel1 residences will result in major savings in maintenance costs and in such inevitable expenses as insurance and utility costs. The beneficial uses of the new facilities will in themselves justify our investment, but of equal importance will be the greater economies which can be derived from their operation, thus freeing in the long run a larger portion of the College's resources for the direct purposes of instruction and learning. The maintenance and operation of the physical facilities of a college community constitute a major task of management. Centre has been fortunate in having her facilities husbanded by competent business managers and, for over thirty years, by a dedicated superintendent of buildings and grounds, Mr . J. J . Steiger . Mr . Steiger has now reached the age of retirement from his full- time re sponsibilities. IIappily, he ,.,ill be available to continue on a -26- , ��159 A-27 part-time basis as supervisor of grounds maintenance. • • The complete reorgani- zation of the campus will require major concentration on the landscaping and general care of the beautiful grounds which are our fortunate setting. I am personally pleased that !Ylr. Steiger ,r111 continue to be available to give his singular attention to this ,.,orl:;:.. To provide a high standard of maintenance and operation of this enlarged and modern physical plant w hich is rapidly coming into being, and ,.,hich involves much more sophisticated electrical and mechanical services than characterixed campus buildings of a generation ago, 1,1e have arranged to place the direction of our physical plant in the hands of a trained engineer. To the new position of plant engineer we have been fortunate to bring Mr. Henry Lewis, a graduate mechanical engineer who has served for the past few years as a consulting and sales engineer wi t h the Kentucky Utilities Company. Since assuming his duties early in 1961, Mr. Le1-1is has demonstrated in repeated 1-,ays the usefulness of his professional training in the effective management of the College. His professional competence is fully matched by an equal personal dedication to , effective service to the purposes of the College. Financial Considerations • Not onl.y college trustees and administrators, but all those concerned for education today have become acutely aware that the educational requirements of our contemporary society require increasing investments and expenditures of much larger sums of money. Both the annual operating costs of our institu- tions and the funds required for increasing capital investments and endowment are growing year by year. Four years ago Centre's operating budget was approximately $650,000. By 1959-60 it had gone to more than $800,000 and was increased by an additional $53,000 in the year just concluded. Our budget for 1961-62 anticipates • -27- ��159 A-28 expenditures of $926,000, and ,re shaJ 1 • I doubtless reach the $1,000, 000 level A major portion of our enlarged income has been derived from increased student fees. To a degree it derives from a larger enrollment . But much of our enlargement in income for the future must come from increased gift support from our al1.nnni, our sustaining church, and from corporate and other sources of support . \yhercas in 1957-58 our combined tuition, room and board charges ,-1ere $ll50, they total $1650 for the current year and 1Till be increased to $1750 for 1962- 63 . These increases are always made with reluctance, but they have been necessary to the achievement of Centre's goals of increasing excellence in the work of the College . A first essentj_al of sound institutional management is basic solvency . In the tlTO years covered by this report v1e have maintained a balanced budget, and have provided for the elimination of a modest operating fund deficit which had been accumulated in previous years of more extreme financial stringencies. , The basic sources of our income and the objects of our expense during the past two years are reflected in the following Sl>mma-ries : IlJCOME 1959-60 1960- 61 $367,088 . 41 154,428 . 13 158,376.83 164,373 . 60 6,574 . 64 $393, 336. 30 160,542.91 123,062 . 30 182,189.00 9,848 . 25 $850,841 . 61 $868,978 . 76 Educational and general $610,514.69 Student aid 61,976.34 Auxiliary enterprises 135,068.21 $641,718.04 Tuition and fees Endowment earnings Gifts and grants Auxiliary enterprises Other Total Income EXPENDITURES 10,960 .90 148,207 . 40 $807,559.24 $860,886.34 Excess income over expense $43,282 . 37 $8,092 . 42 Total Expense -28- ��159 A-29 . .. It is to be observed that our income from gifts and grants for the year just past was somewhat lower than in the preceding year . This reflects a certain reduction in support for current operations growing out of our concentration on the procurement of gift support for the capital fund needs to which we are presently commjtted. The necessity of maintaining a high level of gift support for our operating requirements, however, 1dll necessitate rene,-1ed efforts to induce a continuing high level of support for the alunroi fund and from our sustaining constituency in general. One of the major financial objectives of our colleges today is the steady and substantial improvement of faculty salaries . We are pleased that Centre has bean able to continue substantial improvements in this direction during the past two years. The fol101-1ing comparison of average salaries, on a nine- month basis, for the past two years and for next year are indicative of our steady advance. Mean Salaries E_I Rank Professor Associate Professor Assistant Professor Instructor ALL RA!Uffi \·le - 1959-60 196o-61 1961-62 $6,700 5,736 4,961 4,375 5,739 $7,392 6,242 5,425 4,690 6,229 $7,858 6,708 5,850 4,867 6,568 can in no way re st content ,.,1th our existing salary levels, however. They still represent a depressed level of income for one of the most highly trained professional groups in American life. Moreover, the sheer competition for able teachers in the yes.rs ahead ,.1111 inevitably force academic salaries to a much higher level. Over a four year span our average salary for all ranks has increased approximately thirty percent and our average for the top professorial rank has been advanced by thirty-six percent. The restoration of the relative parity of academic salaries with other professional levels of income as they existed thirty years ago will, according to competent authorities, require continued --29- , ��159 A-30 annual increases in the range of seven to eight percent over the next seven to eight years. The achievement of such continued improvement represents a major cbaJJenge to college admjnistrators and trustees as we look to the future. For us at Centre certain steps toward increased efficiency in the use of our present resources are clearly foreseeable. First among them are the advantages to be gained from the consolidation of our existing two campuses and the greater economies of maintenance of new and more efficiently designed buildings. A second major means of achieving the application of a larger proportion of our resources toward the basic functions of teaching and learning is the more economical relationship of general admjnistrative to direct educational expenditures and the great efficiency of curricular and faculty organization which ,nil grow from the increase of our enrollment to the range of 700 to 750 to,,ard ,-1hich we are no,., moving. Another possibility ,.,hich ,n.11 doubtless come in for more extensive consideration in the years just ahead is the economy to be derived from more extensive use of our plant throughout the year. Although I am not prepared to assume that the American college system can become an evenly balanced t,,elve-month operation, I have no doubt that we will arrive at arrangements through "'hich our educational facilities '-Till be more fully used during the s11rmner months. !nevitably, also, ,.,e shall be forced in the years just ahead to study the organization and composition of our curriculum lri th the object of achieving the basic goals of liberal education ,nth the mjnjrrn1m of course offerings. This may involve in part ne,.; and different alignments of subject matter in more carefully integrated course offerings. Inevitably, such changes would depend upon certain reorientation of the special competencies of individual members of the faculty. We can take real satisfaction in the knowledge that the Centre curriculum has not been the subject of the extensive proliferation of courses which has -30- ��159 A-31 been more generally characteristic of the offerings of most institutions . This kno,rledge should not blind us to the possibilities of achieving greater effectiveness in the orga.nj zation of our program of instruction, however . \Jhatever rray be the developments in institutional size and organization leading to more effective use of our resources, , we must be continually exploring every means of achieving the greatest efficiency in the application of our funds . And in order that this planning for the future may be most effective, it is incumbent upon us to make the most effective projections our present knowledge will allo,., of our institutional capabilities for the years lThich lie ahead. To this end we are entering into studies ,-1hich will make fullest use of the fiscal and academic records of the College in projecting estimates of our requirements for the next ten years . ment of our 01m Fortunately, the advance- work along these lines has been greatly aided by the opportunity which has come to us to be one of the ten member institutions of the Association of American Colleges participating in a pilot study of the application of the techniques of "operations analysis" to the problems of management forecasting for educational institutions. These tecbniquies of projective analysis have been developed to a substantial degree by some of our most advanced business organizations . Their application to planning for the colleges is being financed in this pilot study by a grant to the Association from the United States Steel Foundation. Our Centre study ,rill begin in the fall of 1961 with the aid of sldlled specialists retained for this project by the Association's Commission on College Finance, and should be concluded no later than May of 1962. The results of this study will enable us to determine with reasonable accuracy the fiscal requirements for · the achievement of presently defined goals, and conversely to determine the limits of advancement which would be indicated by our present projections of -31- • l ��159 A- 32 fiscal resources estimated to be available from year to year during the next decade . Our findings ,.,ill be compiled in detail for the use of both facul ty and t rustees and should materially sharpen our ability to plan our future steps wit h confidence . Successful Dla,nagement of any enterprise today calls for careful planning and thoughtful utilization of all available resources . At a time when our colleges and universities are appeaJ.ing more fervently and more extensively for enlarged financial support from our a) 11mni and all other persons and groups concerned for the strengthening of education, it is parti cularly incumbent upon us to establish both for ourselves and our supporters the clear reassurance that these resources are being used not only in a good cause but also ,nth the utmost efficiency consistent "'ith our purposes . Our Gift Support In various contexts I have already referred to a substantial enlargement in our gift support during the last t,-10 years, due principally to the achievements of the Sesquicentennial Development Fund campaign . The $820,000 realized in this effort by the close of our fiscal year on July 31, 1961, reflects the results of appeals ,rhich so far have been directed e.J most exclusively to members of the board of trustees and the faculty and staff of the College, to our al11mni in Louisville and Danville, and to members of the business co1t1oa1nity in these major centers of strength for the College . Altogether the al,,mni ,rho have been reached directly for enlistment in support of this capital fund effort represent approximately one fourth of the total group . The precedent in generous giving established by individual members of the board of trustees should be of great significance to all others who are concerned for the advancement of the College . From the active membership of the Board alone connnitments to the development fund have totalled $380,000, of -32- ,. ��159 A-33 which $300, 000 in r ound figures has been commjtted to the building program and $80,000 to endowment purposes. generously. Other friends of the College have also given If we are successful in cnrmrn1nicating t o our entire constituency of alumni and friends the urgency and importance of the needs reflected in the development program, I have complete confidence that '\-Te will rea J ize our object- ive of $1,500, 000 sought during the first three-year phase of our ten-year effort . we rnst not blink the fact, ho1-1ever, that Centre 's alumni have not yet been educated to provide financial support for their aJma mater to a degree equival ent to that accomplished in other institutions which have been pursuing active programs for the enlargement of their financial support over longer periods of time . It is not that Centre aJ 1 mni are less proud of their 1 concerned for her future . ft]roa. mater or less We have simply failed in prior years to communicate fully and effectively the extent to which generous and even sacrificial support is required for the accomplishment of the goals we all hold in common. In the first year of active pursuit of our Sesquicentennial Development objectives ,;.1e have been aided by the staff of a professional fund-raising firm, the George F . Brakeley Company. Recognizing that successful promotion of con- tinuous and enlarged gift support must be a continuing admjnistrative concern of the College, the Board of Trustees has acted to authorize the creation of a permanP.nt office of development within the ~aministrative staff of the College . As ,,,e neared the year end arrangements were concluded to bring to our staff as director of development Mr . Raymond Handlan, who has served for the past three years as associate director of development f or Cornell University, hi s ~Jma mater . \.le look forward to having l-1r . Handlan ,,1th us to provide con- tinuing and concentrated staff assistance to the president of the College, the trustees, and the substantial numbers of volunteer assistants whose combined - 33- �• • ( • • .. • • • , • • 1 • • • • r • • .... • .. • r • \ • • • • • ,. r • • • .. ... • .( • • .. . ' • . • • • • • . '- ' .r •• ' • • • • ' ... • • • ,• • • • J • , • r • • l • .J • • .. • r • • • - • • C. • • • • • • , • �159 A 34 - efforts ,n.ll rnal~e possible the achievement of our objectives . Mr . Handlan brings to his ne'\-1 responsibilities 1-1ith us the experi ence of active involve ment in a ,,ell-organized institutional development staff, the intellectual capacities ,1l1ich earned him P'1i Beta I(appa honors as a ni.ajor· in mathematics, and the leaclership and energy 11hich led him during those same undergraduate years to the captaincy of Cornell ' s varsity basketball tear~. Our curren·t gift support for an increase of 1959-60 reached a total in e:ccess of $158,000, $23, 000 over the prior year . The inroads of our devel opment program and a temporary fall - off in our support from tl1e U. S . Presbyterian synod due to financial stri ng~ncies in 1961 combined to produce a fall- off in 1960-61 or unrestricted gif~ support amounting to $35 , 000 in comparison with 1959-60. Our present n1ajor concentratio11 in gift procurement has been for the ilmnediate purposes of our const:ruction program. Ho,rever, ,re nmst remain equally cognizant of the importance of endo,1ment needs lTl1ich can be served by generous consi de::cat ion of the College in the ,- ills of our al111nni and friends . , Tl1rough sucl1 support the largest part of our present endo1nnent has been developed . A major contribution to the future strengthening of the College in these terms ,,as l'epresented b)' the bequest provided in the ,,ill of Mrs . l-1ay Bruce Brennan 1!ashington, ,:rho passed a1ra:t in Ne,, Yorlc City in July 1959 . Mrs • \ashington, a native of Louisville and member of a distinguished Louisville family , ,,as the sister of t,,o loyal Centre alumni , Col . Albert Andre,-rs Brennan ' 95, of Ne\1 York City and Mr . N. Bruce Brennan '07, of Louisville . This beq_uest ,1hicl1 ,1ill become available to the College upon the satisfaction of certain stipulated life interests , has a present value of approximately $300, 000 . It reflects ltlrs . 1lashington ' s deep concern for higher education, -34- ,. �• • • • . • • • • • - • • • • • • • • ' • • • • ' • • ' • �159 A-35 her loyalty to the institutions of her native state, and her clear affection for the College which has been close to the hearts of her two brothers. The memorial endowment which this bequest will provide will serve as a distinctive memorial to the Brennan and \·Tashington names. A major gift of the past year which gives direct support to our concentration on excellence is the grant of $50,000 from the George F. Baker Trust which adds Centre to the selected group of colleges and universities across the country at which the widely recognized George F. Baker scholarships are offered. This grant will provide for the admjssion of three to five Baker scholars to the College in each of three successive years beginning in September 1962. These scholarships are offered for the support of students giving particular promise of l eadership in b,iroan affairs. \-Jithout being limited to this purpose, the Baker scholarship program is nonetheless interested in fostering broadly liberal educational foundations for future leaders in the world of business and industry. years ago. The program was initially launched over ten Centre is one of six Southern universities and colleges which have been included in the national program. The Trustees I am nearing the completion of four years in the presidency of Centre. trustees of the College, you are particularly aware that responsibilities to which you called me in two considerations; first, my my As acceptance of the 1957 was guided in large part by deep concern for the advancement of standards of excellence in education in Kentucky, the service for which Centre College is best prepared; and second, my deep appreciation of the firm commitment which you as trustees have to the pursuit of this important purpose. The inter- vening years have only served to heighten my appreciation of the deep commjtment -35- • I I �• • , .. •• • • • .. • • • • •. • .J. • • • ... • • • • • • • • - • •• • • • t f • • • • r L I • f • • • • I • I • • • • ) • • • • l . , • • n • • • • '- 1 • • • fl f • • , , ( �159 A- 36 • • I I and loyalty to the purposes of the College which are shared by all members of the Board. In the pursuit of our shared concerns for the advancement of Centre we have been forced to wrestle with substantial problems of policy and program. We have been pressed to early decisions on critical questions, and ue have had often to move under the force of circumstances even faster than we would normally prefer . However, in retrospect I feel we can share a genuine feeling of substantial accomplishment in the pursuit of our goals; and, as I reflect upon it, I am deeply conscious of the extent to which the dedication and hard work of the Board have made these advances possible . The Board itself has suffered losses. A major blow to all of us personally was the death of our respected and beloved chairman, Ike Lanier, who was taken from us in June of 1960. His wise guidance of our collective deliberations, his sound j~dgment, his considered optimism, and his devotion to Centre's purposes were a continuous inspiration to each of us . My personal sense of loss in his passing after two and a half years of close association with him has been deep and lasting. I am grateful, however, for the privilege of having worked with him, and my efforts in the pursuit of our goals will always be enhanced by the continuing impression of the wisdom of his counsel. Both the College and the Board were fortunate that, on Mr. Lanier's loss, we had available to succeed him in the leadership of the Board the present dedicated and able chairman, Elbert Gary Sutcliffe. Though by nature inclined to shun the spotlight, Mr. Sutcliffe has assumed the responsibilities of the chairmanship with such dedication and energy that our forward progress bas continued without hesitation through this period of change and advancement. During the biennium five members of the Board have retired from active membership. In 196o those retiring were Mr. E. P. Faulconer of Danville and �• .. • •• • I • • . • • .. • • • r • ' • • \ • • • •t \ • .. I • • •• r .. • • • •• .,. r J f • • • • • r • • • • • . • I r ' •• • • • , "'\ .. • • ,• . .. • - • .., • r • .. • • • • • : ,. • • ,. . • • • • • • • I •• .. • • I , • • •• • • - • • • • • • I • • I �159 A- 37 Mr . Hugh Nevin of Louisville . Mr . Faulconer had concluded a four year term as representative of the Alumni Association elected under provisions of the College charter ,vbich ,-1ere modified by the amendments of 1958 . Both during his term of office and since Mr . Faulconer has served as a most val ued counsellor and has been particularly effective in relating the interests of the College and our local community . Mr . Nevin retired from active membership after l ong years of continuous service in which he gave unstintingly of his personal and professional talent to the College . In view of hi s long years of continuous and valuable service, Mr . Nevin was in June 1960 elected to the status of trustee emeritus . In 1961 three additional able trustees retired from active service . They are Mr . Paul G. Blazer, of Ashland, Mrs . Ann~ Mitchell Chaney of Bowl ing Green, and Mr . Henry L. Nichols of Danville . Mr . Blazer, one of the most distinguished leaders of Kentucky ' s business comnn1oity, had served during eight years as a member of the Board . Upon his retirement he became the third person elected to the lifetime status of trustee emeritus . Mrs . Chaney and Mr . Nichols con- cluded four year terms, during which Mrs . Chaney served as elected representative of the Presbyterian Synod of Kentucky and Mr . Nichols as an elected repre sentative of the Alumni Association, both in conformity with the earlier charter provisions . In retirement both continue to demonstrate an active and construc- tive interest in the work of the College . Our gratitude for their service is a common sentiment of us all . During the same period we have welcomed to membership in the Board five new trustees . Elected for six year terms beginning in July 1960 lTere Dr • Mary Ashby Cheek, president emeritus of Rockford College, a distinguished resident of Danville and member of a family long and closely associated with the leadership of Centre; and Mr . Boyce Martin, president of the Louisville Cement -37- �• .B • . • • • • ... • • ... ... - .... ,.. . ... ' l ll • • .i: f • •• J .. '- • , J. • ' , , 0 • • • • -.. • ,. r V • • .. • r r • ,.. ' ) \ • • • • ... • L - • J "' ... 1 l-' l • a• .. 0 • • ,. • • • ' • l • L • I • • • - , I u • - • • • • ' • • • • r • • , ... .l A .. ... • I ._. n., t . .L d • • . jj • J • • • ... J r • , • • • • fJ v , 1 • 1ll 1 !U' ' rl \,I .. r - • - ~ L - • • • .0 ,,. - �• . 159 A 38 - Company and a Widely respected member of the Louisville business community. His value as a trustee is greatly enhanced by the several years in which he served actively in the academic community as a professor and dean i n the Harvard and Emory graduate schools of business before entering on his present business career . Effective July 1, 1961, the vacancy in the class of 1963 was filled by the election of Dr . Henry P . Mobley, pastor of the Highland Presbyterian Church in Louisville . To the vacancies created by the retirement of Mrs . Chaney and Mr . Nichols, the Board at the same time elected to send Centre alumni, the Honorable John Sherman Cooper, senior United States senator from Kent ucky, and Mr . James H. Evans, vice president and general manager of The Reuben H. Donnelley Corporation of New York City . Each of these new trustees has already evi- denced deep and sensitive interest in the work of the College . We shall wel come them to their active assumption of responsibilities 1-1ith the fall meeting of the Board. To each and all of the Board members I personally owe a particular debt of gratitude for leadership above and beyond the normal call of responsibilities during the past winter when a continuing illness prevented my active partici pation in the pursuit of our development program during the critical months from January through May . I am happy that the full restoration of my health and energies has enabled me to return to the total enjoyment of the common pursuits to which we are committed . The College in the \·/ or ld Today As "'e involve ourselves so deeply in the major forward strides which Centre is making in so many ways today, we must be doubly alert to the danger that our institutional preoccupations may blind us to an a'\i1areness of the changing character of the world around us, and of the true duty that is ours . -38- The • �• • ." ... .. ... f • - • • r • • • C: • • • • • • - r: • •• - • r • • , , • - r- .. • .. • , • • • .I. .. • • 1 \. -- • _.[ • .L .. J 'to • • .. • .. 'ff f C • • ... \. l . • • i. r o rl "" ' . . ) "" . • • J. • • ... ... '~ • - • - [ • - I • 11 • I l 1 • . .... . f • • (l' • •• • • , r • • I \ r . ' • • �159 A-39 The society lte are commj tted to serve is changing so fast that we can easily lose touch vTith the reality of our mm essential purpose. Ours is the duty of pre- paring succeeding generations of students to live creatively and constructively in the world ,-1hich ,-1ill be theirs. It is incontestable that the principal characteristic of our time is rapidity of change - in technological and scientific matters, in political arrangements, and in social and cultural patterns. Inextricably related to this condition is the fact that the ,.,orld has grovm very small indeed. Modern forms of communication and transport make "one world" a physical reality if not a political union. These considerations place nelr demands on the modern college curriculum, though to my mind they give increased justification to the traditional basic concerns of liberal education . Liberal education has traditionally been concerned with freeing man's mind from prejudiced views, ,,r ith the development of his critical capacities, and with unleashing his creative capacities. Will we, through preoccupation with traditional forms of curricular organization or with inherited routines of campus life, impede the achievement of those goals in a time when knowledge itself is riding the swift jetstream of change? The effective citizen of tomorrow, whether he prefers it or not, must have a greater lmo,1ledge of other cultures than bis own. Only thus can he contri- bute to the advancement of conditions under which man's free spirit may flourish. The essential "faith of our fathers" Will serve us well, but is the social and cultural isolation in which Americans have lived for many generations sufficient for this age? The meaning of the brotherhood of man requires new definitions and nevr expressions . \-lill our patterns of education facilitate them or ,.rill they impede their realization? Our concern mst be ever to care- fully distinguish between essential principles and established customs which -39- • I I �,. ( . • - -· .... 9 uq j • .. ' • ' • ) ... .. j • • • ' • ' 1 . .r • .L • . • .( ~ • 0 .., . .. • r "' • r • ' • • ... • • r • r .... •• • • ~ ., ) ... fI • • £ ., .C" • \ r ... ,. !! • .. r - ., J r . \ t .. 0 ,. • • ,. • • - ' ~ ~ .. r I j .. • • • • • ,. \ Jt- • • • • JJ 'l. • • .[ • ... • • • r r .. • I • • u J .. • • • • - • r ( ,. • r • • , • • • , ' - - • j �• • 159 A- 40 may lose their origina.l rationale. The irony of increased involvement in the advancement of the work and purposes of our colleges and unjversities by enlarged groups of concerned alumni and friends is that all too often their increased interest and support is accompanied unconsciously by an enlarged concern for the maintenance of the institution as it is, and ,vas, and ( as we too often like to think) ever has been. Similarly, the more comfortable and secure a faculty becomes, the more prone its members are to be satisfied with the nature of their institution as it the less aware they may become of the need for the institution to remain constructively critical of itself and prophetic in relation to the culture it serves best through a posture I can best describe as "detached involvement . " This is my concern for Centre . strength and stature . As ,·le are on the move; ,-1e are growing in we do, can lTe, and will we, remain in the mainstream of our social order, guided by the light of reason and free from the restraint of irrelevant tradition? If we can and ,nll, Centre can serve for centuries to come as a force for genuine good, capable of passing on to rising generations the insights, attitudes, and rational powers which will enable them to pursue in their time the life of free men. cold monuments to the past . unborn. If ,-re cannot, it ,.,ere better that we invest in Education is for the young, living and the yet Its institutions must serve their needs. Else God is mocked. I trust that our trustees and friends ,,111 hold us clearly to our o,m true cause• Respectfully submitted, THOMAS A. SPRAGENS 40 I , • �• • • • V r' • • . • ,. • t \,; .- •I l • • •• • • • • i ,..., .I r ' ) n. • • .... l • II ..... • • [! .. . r • f • • • 11 ... • • • • r ' ' • • _r._jt i: • l • . ::, '"'rl"'" ' .. • ,J • • .. • • f 1 • • .1. • • • �1L60 . • Minutes of the meeting of the EXECUTIVE COMMI'l'TEE of the Board of Trustees of Centre College of Kentucky held at Centre College, January 13, 1962. The meeting convened at 10:30 a .m. in the Conference Room of Old Centre . Present were Chairman Sutcliffe, Miss Cheek, Messrs. Armstrong, Baker, Barr, L. Caldwell, W P. Caldwell, Lively, Martin and Van Winkle; and President . Spragens and Mr. Rall. 1. The meeting was opened with a prayer by President S:pragens. 2 . The report of the Treasurer was made by Mr. Rall. He reviewed the operating fund report for the first quarter of the 1961-62 year, and he further reported that to date the operating fund income and expenses are in line with budget estimates. Reporting on the current status of the plant fund, the Treasurer stated that building fund commitments to date total $2,747,750, with building fund resources available and in prospect totalling $2,680,313, leaving an excess of commjtments over availabilities of $67,437. In reviewing the cash position of the building fund, it was pointed out that approximately $290,000 of present cornmjtments has not been received. Included in this amount is the balance of the payment due from the sale of the women's campus, funds from the Barnett estate, and unpaid commitments to the capital funds campaign. 3. President Spragens reported on the progress of the building program. He reported that Sutcliffe Hall has been completed except for the installation of the kitchen equipment in the snack bar area, and that students are now using all areas of the building including a minimum of service in the snack bar area. The President reported that the men's fraternity buildings have been completed, and that the students moved into the buildings following the recess for the Christmas holidays. He stated that each of the fraternities is in the process of furnishing its recreational areas and formal lounge areas, with the expectation that this furnishing and decorating will be completed by the beginning of "Rush" week early in February. Reporting on the progress of the new women's residences, President Spragens stated that, although the contractors are working on a close time schedule, it appears the buiJdings will be sufficiently completed for the 1-,omen to move into the buildings between semesters, January 25 to January 30. The President stated that the dining commons will not be completed until approximately two weeks after the beginning of the second semester, but that arrangements are under way to provide food service in the men's dining hall to accommodate the entire student body. President Spragens reported that the walks have been completed on the main campus, and that the new walks to serve the women's residences and the dining commons have been gravelled and will be finished as soon as weather conditions may permit . He stated that the campus lighting program is proceeding in the final stages, and should be completed about February 1. .. �• ··• I f • Ll..C • • Ip p • • .. • j I • . ! \. ' _ ... .s •'(' • f " J.J \. 1 • l 4 • .. .. • r I ~ TT - • • t.. ... '; • 4) r -,) • \ - - " • lJ • J j-J: •.., l .i.. • ) • ... fJ i. \j '- ~·..:c -r1 -.l J f n i:-- ~ .1 .• :l:c. •• • 1:) j,t ,. l . .) • • - - ~ ")' I r t • • • o.r ... .CJJ D· · .. [ _.u • • • ... Ju nrt ... - "'0 f{ ,6<) .. .., t .r • J. .... i, rr . i .f) !l . • • V'I ~ 1 .s l.10 ~ - • at j ..L • • , .l" "' ., ' ,. r. 0 a .. 'I J_ .i: -· -1 " .. [ j" .C! I • ' -·· , • ..C'l '\ • ' . • ..;. • • . ! ... ~ •. • •• .c ... . 1 l ::., $ !l..C 9 " • ) j: 9 L so r ! • .l. -- . ,.. , • ) £ ' "'. r vcf • 'I .. 'I fi.C - .... I J 0 J'9 f 1 j • ~9· • r:-i .tv ... ~ I" .t I1oa l. 0 • :) 1t-r !J[l • ~ • • 9 I 3 I . J; .- '- a rr J • J8 • - . . en .CJ I..6 • • w ,. l £1:.[ • •0 .. \ ' r ,._ • '\, ,. r . • J. ' . -t u ..illt.e '") ) • c,-. . ~ • s.61:c · j .. I • • l t .. • • £ • I • - ,y• • •. I a .., u '- ,r • It v . 11 .·i:1 ' • • t:o -./ .• '-- n~ )JJr~nI ,j-1: r• .w ·on t)! • r • ~ ( ' • (.;r{ ' _,( J • L.,. "l, L • ~ • 1.r j-1 ~ rl V l • .. r ' j - ~:r· C • • l t "I" JJ 'TI • ~ riJ • JJ~'J ,~ ')'l ,J. -.:., t :, • ' r;r !!£ ~- ,. '! .. ~.a..-:\bl 0 ~ •• J Lili l ., .to ,;:. srr · • J: • • (._. !I ~ . [!) • , .>'! rf T • r J :g... r .. r • ) • • • . 1..?r. /ti f1 .. '! • . • \ • (0~ fflO'! • rr.. ~a • • f1 l - ·- ..f . • .... l s. '".C '"f J" • '\ • ~- • •:> OCi J . .. .D lO • I • ' 'Iq • .T n. •.a~r. '( - .. T• r -· • .£ ~ r.., -+ r. I ... • .r ·- •'-1I )C 1 ) :t ' .D .,_ ) J ( .... 0 • • ~ 0 ,. , -. ~ .:) ... ... J. r-.t "", • - :Y .I "'!O "I l Dns a ;,.r '!. r • • •• r .... J • I. 7 .. l .D: I_) • • • !I l 1J.j l ti1: l.,: "'. !::, • 1 . \, .. r.. • J r • ,1 • 1. 0 ~ 1 r- ' :i- ~~ .;J • • £> • T I • ... • .... ~ f: .i;.J • ~ • '-.... j' l I lt :J f ., •• • - • - �• 4. Mr. Armstrong reported on the progress of Danville's urban renewal program. He stated that Danville's application has been forwarded to Washington and that favorable action is anticipated within about two months. Mr. Armstrong outlined the area north of the new women's residence buildings which is included in Danville's urban renewal program. 5. President Spragens reported that a careful study of the location of the cooling tower for the air conditionjng of the men's fraternity residences had indicated that the tower should be relocated . The cooling tower is a rather massive piece of equipment. The President stated that consideration is being given to locating the tower near the intersection of Beatty Avenue and the College driveway or across the College driveway at a point between Frye House and the Naval Electronics building, where the tower could be more easily screened and would not detract from the appearance and utilization of the fraternity residences. The President stated that the relocation of this tower will cost approximately $2,000, and that suf'ficient funds are available in the construction contingency allowance to provide for the relocation. 6. President Spragens recommended that the residence formerly occupied by the Phi Kappa Tau fraternity be named "Boles House". On motion by Mr. Baker, seconded by Mr. Van Winkle, the Executive Commjttee adopted the following: That the name "Boles House" be used to identify the residence located at the northwest corner of the College's property on Maple Avenue, which residence was formerly occupied by the Phi Kappa Tau fraternity; and that the College properly identify the residence by that name. 7. President Spragens reported that the Buildings and Grounds Committee had been unable to arrange a satisfactory lease agreement for the Beta Theta Pi fraternity house, but that an agreement to sell the house with an option for repurchase by the College had been arranged. After discussing the agreement by telephone with most members of the Executive Commjttee, and having received their approval, the President reported that a contract for sale of the fraternity house was executed . On motion by Mr. Barr, seconded by Mr. Lively, the following was adopted: That the Executive Committee confirms its approval by telephone of the agreement to sell the Beta Theta Pi fraternity house property, located at 517 West Main street, for $32,000; and providing an option for the College to repurchase the property on March 1 1970, at a price of $45,000, and allowing the owners up to two years in which to reconvey title and give possession to the College if the option is exercised . 8. Mr. Logan Caldwell, Chairman of the Buildings and Grounds Committee, reported that the College's share of the sale price of the Beta Theta Pi fraternity property was $18,000, the amount of its original endowment fund investment in the property. Mr. Caldwell rec ommended that the College -2- �• i~ --d· . J. • i l . .. ,._ • ,. .. ) Tf!P • r • • l I •J .i:.[ .L .L • • • ..,. r • ... • •. • .i -~~)(.)')* • • • • I (.) ...., ...P i.t b u I ... <.. • I· . ... • • • .. • t .. 1.C ! \; .t .J • ... l • • .. r • .,. • .. • "' • ~ .1.J .. .. •1 • rrr • rro.cj\.. • a • ; f • j r J.: <'. . , • (:.. ~- r.- ,. 0 :n:o· 1 X- ,?.J '1. • • J:• • • r C .J •• • J. .. • • • .. • C .r' \ • - ' • J.~~ .-..--r.'t"' .&. -- J.J • • -i r;,c.f • . . •')fl_ • ~ • • J •• • • "" .. ')!I' , . • ~ l rt { J : ·:cq I " ., ~ • .... ~ J,. J. • ,. '"" . J_, r: 'V' ' t.. • • • .... • 2,f{J • .. ,. . j ' • .. • • • • • • L. ' .. t' • • • • .. • .. ' • • .- • . • ... ] • ... • , • • • I • • - r • • fl • ... • • • ' ,. { • ") .-.rf • • • • • I l r, • r- • • • • .. • • • •• l V. • .. . l , • • • d ... -- I A. .., l ,..r J ' I ~ • • • "'I .l 'r • I • • ,. J.i ,i,.J '1 A , - 9 ... ) J .. .. • t • .,. £ .. • • rt jYo .. Q ., • • ... (:( r, rf • .r a 9 rc -0.-. • - .r .a . 38: I ' () J'-... ~ • , .. 0 • ~ • •• .1. .J ,. .~l • • .. • V C"' • 'I I • • • ,I. u'lq • • .. • • H ... • . (0 .( 1 • !1 • • L,.C I • • · -rI .c • • r! !1 d !l T • .J!I • •• • - ( \ ' ,. • I - . • } • • • • - • • • • , • �1.ti2 • I provide an additional $2,000 from its endowment funds and make a mortgage loan of $20,000 on that property. On motion by Mr . Baker, seconded by Mr. Lively, the following was adopted: That the Treasurer of the College be authorized to make a mortgage loan of $20,000 for 10 years, at the interest rate of 5%, to Messrs . J . B. Preston and G. K. Pruitt; and that the loan be secured by a lien in deed on the property at 517 West Main Street . 9. Mr . L. Caldwell reported that the property located on North Fifth Street, formerly occupied by the Sigma Alpha Epsilon fraterni ty, has been sold for $14,ooo, from which amount the College will receive $8,400 and the fraternity $5,600 . Mr . Caldwell stated that the original investment in the property was $20,000, of which amount 60% was invested by the College and 4Clfo by the fraternity . 10. Reporting on the status of the property at 442 \-lest Broadway, formerly occupied by the Sigma. Chi fraternity, Mr . Caldwell stated that the property is listed with local realtors, but that no reasonable offer to purchase the property has been received to date . 11. President Spragens reported that the Phi Kappa Tau Fraternity has proposed to sell to the College the fraternity's interest in the Maple Avenue property which the College desires to retain as "Boles House" . motion by Mr. L. Caldwell, seconded by Mr. Baker, the Executive Cormnjttee adopted the following: On That the College be authorized to purchase the Phi Kappa Tau fraternity's interest in the property located at 150 Maple Avenue for $17,500; and that the purchase be ma.de from uncommitted funds available, or which may become available, in the Centre College plant fund. 12 . On ootion by Mr. L. Caldwell, seconded by Mr. Baker, the following was adopted: That the College be authorized to accept from the Phi Kappa Tau fraternity the sum of $17,500, from which amount the College will bold in escrow $7,500 for use by the Phi Kappa Tau House Corporation to furnish and decorate its new fraternity residence, and from which amount the College will establish a Phi Kappa Tau F.ndovment Fund of $10,000, plus any balance remaining in the escrow account on August 1, 1962; that the College invest this endowment fund in accordance with its general policy for the investment of restricted endowment funds; and that any income that may be derived from the investment of this endowment fund be used by the College for the future maintenance and replacement of furnishings and decoration of the residence occupied by the Phi Kappa Tau fraternity, or added to the principal of the endowment fund upon the request of the House Corporation, or used for other College purposes as recommended by the House Corporation. -3- �• ... tm .. • ., • • .. .( • ' • • • .. " '7.j .[ .L· • a"! - • • t i f ) ' (" - \, "- • I .. • J. .t • 1 - • • I a ' • , • ,. . .... ., I I ·r l ,J b5j - t . . .. [ - ·.t ) )fJ. I ,J 1 r ' 'J "0 • r ;:) 9 , v • • ... '"'9f • • ;r • • d-~.-=;~ [!£ • ' f .. " • • . \ in.- ·.:. .......... • --r • .( 'T ,:_,.. • • .. -~ • ' .. • "f" ,f • ,I ... • r ..,. • ) r '- • • • ·$ . 1 9 ... ...,L ·" .I • d· ., .... . . l " .J -~ • ,. • • • • • • . • _ ., 0 ... , C! - • ... - • • .. • . • • .. • ..,,, ....L • ... • .. • • • • • t.L • • i j- ... . r • • j • \) ~ r ... ) "• • • ' •• ' • j • • • .1: .. :J J ") ..' V. - • J. • Ol • ,J • '! • • f, ::) . .o'1 - I :1. .. A 0 • ·u1. .. ' ; • 'J - • l • I ~ • •, J • • .c '\ • ar ~ sct .&.1 • • • • • ~ • .LI. • ~, t::h. . ,. • • l .I. • - \,· l: • ~ t ' ... •• • • ., 0 • • fjJJ~ •• I';\. r1 lJ • ' .. r. r''I . J.; .,. .l • r • .... • ~ ) ' •• • 1 ..c "f • • .L ... .:t 1 • .) • I ~ ... ,. • • • ' • - riJ:J i. ... , r • • (() • _ :LJ • ..c • • ... .J.. ' • l ,. 'I ') C; • I .C lL r.., .. I ..• J • . -· .-- • ..j .I. ... lfu r "0:) -( . .f -- ... • .. . .. t r u - ' ' • • .r: (Vr."1 • "J.• i ... _ • f) :TJJ • f, .., . ..,. • • ... • .- .,. V t • • • • .. fi • • l!!. !ID£ r ,. • ·{ l n • '} ~ ·c.: '!'I I '!q \ __ tJ t:" • • ( • • 3. .. - '!,) • ' :)'j ✓ • •• • J. l • () • _[ ·nl • . l, • r·M: - • I \r • I:) I' • 'V1 (."I "'- . rr· .. t o· > ,_ --v "(. I • ') ~r.[j- r $ t [I • a • ) • a ... • a ,. -a rr · .[ ~ . • ~ .:f-.S"'L. ~ "i ••• .. • i (, \_';i ' .... ]:), .. (. • • • B 1. ... • • �i.ti3 13. On motion by Mr. L. Caldwell, seconded by Mr. Baker, the Executive Commjttee adopted the following: That on or before July 1, 1963, the College transfer from the Centre College plant fund to the Centre College endowment fund the sum of $28,ooo, which represents the total endowment f'und investment in the property at 150 Maple Avenue formerly used as a residence for the Phi Kappa Tau fraternity. 14. President Spragens stated that the College has no investment in the Phi Delta Theta fraternity house, although the College holds title to the property. He reported that the fraternity has not yet received a satisfactory offer for the property. The President reported that Frye House, formerly used as the residence for Delta Kappa Epsilon fraternity, and wholly owned by the College, is being used at the present time to relieve a critical problem of easily accessible storage space for furniture and equipment. The President stated that he was not yet prepared to make a recommendation for the best future utilization of Frye House. It was reported that the College has an endowment fund investment of $7,166 .25 in that property. 15. Terms and conditions relating to occupancy of the new fraternity residences were discussed at length. It was agreed that no specific statement of terms for the occupancy of those residences should be made at this time, but that the College and the fraternities should irqpose and enforce such controls as may be reasonable and necessary for the proper adm1nistration and operation of the residences. After a recess for lunch, the meeting reconvened in The McClure Room at Sutcliffe Hall. 16. President Spragens reported on a recent discussion with Mr. Ewing T. Boles about a proposal f or the College to acquire a property in the I ·,,1ildwood section at Herrington Lake from the estate of Mr. Boles brother. Mr. Boles would make a gift to the College to provide funds for the purchase . The property would be available for uses to be determined by the President and Trustees, or might be leased by the College, interested lessors known to Mr. Boles being available . Mr. Spragens expressed his view that the property should be leased as suggested by Mr. Boles. It is understood that the College would be free to sell the property if it should see fit. On motion by Mr . Armstrong, seconded by Miss Cheelc, the following was adopted: That the College be authorized to acquire the property, located in the t,Tildwood section at Herrington Lake, valued at $4,000, from the Boles estate; and that the President be authorized to work out arrangements with the executor and with Mr. Ewing Boles for the acquisition, maintenance, and utilization of the property. -4- . • �• • • -~ • , • • r •• .. • .:. V • • ~" -~ ,. 1 .1• I • • • •' • .. • j) ) •• - • rf': j 0 ) , .i. '1 ~ - 1 ... d-r c:, I ';:J';JJ co'. . ' \, \,[ n.: 1 • j ':l: • i .... j • t') r,_ I rI • • f !.' rr rI a ( J , J l'" ➔ ! I ... - rl -- • -l r I t. • • ... I • 'l . ... .,' • .L ., j d"a -. • 't t;i. • 0~ 9!1 1 ,· • . C - - .I. .., • r . '- .. J. ~ • • •• ., ( ,, 1C l r r • • ' ' 9 -• . ' 1 f l ,. d. t I •~ - • • ,. . l • C ,; ' ) .. ..... ..i • 8'-T f • • •L -~ I •• ' ~ 'Yu J. ~ 9'1~ I .... l ,· "1 ~ ·......"\ .... .... .. - • • '• a • . • ..31 - ") ~ • 't: • . r , • • • j-j- ::?, ~ - T.. r • , ,..,. I -• .:, \ It .. • • j .DS . - .a I 0'! o· r ;,) J,.. - I- • .J ') • J. ,. ~ a.t f J J • • f • "r .. • - , ... J.. :t , r - ('( •• - ,., J. . 1: .OJ ~m..tj ::t1 C ..a. • • I .. .. • l -. ' • •• 4 'N • t. .. .. n\• •.. - ,!Q • ~I J,: ':' o'I r[ r • I - 1 ... . • ~ .~ t • "lj~ .. fi ') • ~ ... • • ..., ") • . " ' .J ~J .tJ J"' tr l ~Cll • . 1. r " 1 . r I ~ ..• j - l ' . ~ .L . --.r; ' r r r !>JJ "I ,• • ... . ., r jj > .... • J • 'r - 'J ' .. . .. • • ,. • • S., I - - • -• 1 , • J. • I • . r ' Y• • • • • I 3 • I - • • • ,,. Q '" i 1 • r ~ • • 'l • I j ' ..., ·r J - 6 • I' • l \. • • f • • • • • r • • .. • • • ' . • • • • • • - l .. • - • - • • ~ • • . • • "'" -f r -, • • • • .. • ';) • '\. " . l (J • • • r • • I - : - •- J ' ) J , • J- - ~ • j N 0 - .... • • J .l • • ' • • f �1o4 • I I 17. President Spragens reported that a meeting was scheduled in Louisville on January 15th to review the preliminary report on the College's long range fiscal planning study. Mr. Barr, Mr. Martin, and members of the College staff will meet with a representative of the study team. Centre is one of ten colleges participating in the study, which is being financed by a grant from the United States Steel Foundation to the Association of American Colleges . The President stated that he hopes to have the completed report available for revie,-1 by the Board of Trustees at the March meeting. 18. President Spragens reported that the firm of Hifner and Potter, which has audited the College 's records for the past several years, has dissolved. The President suggested that consideration be given to the appointment of an auditor for the 1961-62 fiscal year. On motion by Mr. Baker, seconded by Mr. L. Caldwell, the following was adopted: That the President be authorized to negotiate with Yeager, Ford and Warren, certified public accountants, to audit the College's records for the 1961-62 fiscal year. 19. President Spragens stated that Dr. Brown, professor of economics, has requested a mortgage loan to assist him in the purchase of a house. On motion by Mr. Barr, seconded by Mr. Baker, the Executive Committee adopted the following: That the College be authorized to make a mortgage loan for $15,000 at 5% interest, to be amortized within 20 years, to Professor James D. Brown for the purchase of the property at 424 O'Hara Drive, subject to final approval of the transaction by Mr. Armstrong, Mr. L. Caldwell, and President Spragens . 20 . Mr. Baker, chairman of the development commjttee, reported on development fund progress in several areas throughout the State . He stated that the program bas produced very few results to date. Mr. Hand.lan, director of development, was asked to join the meeting. Mr. HandJan reported on his recent visit to the New York area and stated that plans are now in progress for a New York campaign to begin in April. Mr. Hand.lan further reported that there appears to be a need to concentrate on a program of approaching foundations for large gifts to Centre College . He suggested that consideration be given to the organization of groups for the cultivation of large gifts and bequests, and for the organization of a parents' comndttee. Mr . Barr commented on the great importance of a better showing of support from our al11 rnoi body• 21 . President Spragens reported that the Interfraternity Council has presented a request for consideration of social membership in Centre fraternities . President Spragens reviewed the suggested regulations governing the affiliation of a student as a social member and recommended approval. -5- �• ,. oJ - .,,,, J. ,.. h ... .... I.( !, ..... ·1 • f • • ◄ - • I. - .. :;,_ u j • .'l.C • d.J j--'f . j ) • cf . !!O.t • • " fi •• r0 [ f C 'it .... t.. .. t. ., , l . I • ., J r y • .l .,. ·1 n J-' ,- j J ~ - )\; ·. d. .t • .... ( .a~ mo • 1C • .:,..i ':i s ...• .• l\ ro• • .. • :rro VJ: ~ C)r[j f: • ,_ • r 1: r .. - 1• • ... :ta_ • ) • ) ,. - . !l" ' ~ .t " u.ca .. ,. .J .. ='r .) t I • J J • ~r si OS ,. ' - ::1clj .. !:i• .. ,le• - • r,. s..tj • • • j !,;) ~ '-j ". I b \.[J - .. ;.J 9jJ-- '1 • • ~ ... • r.. . j • L • r • .ror .. L " ' • • l·t A n.c - r .. [ • ... "l ~ .ci fl . !J ...i j" ad I t, l-10 • .:. • .J, a .... • .. • • 4 • r· I I .. 'I ';.;) .. r • -"' r ' l • .. 9• • r .. • lI • I ( j--: J. sI 'I • ) • • • • ... • • ,. & • I V • .li.S • l a 1" J:; q 'I ..... 1 -.. o' • l '\ '< • ' • ~ '! ·" r • ..... .1 J.!JJ j • (!· <. V c:, C;.; • • .. - .:t.o 0 I'l . . ,. (., .... •• l \.. J !J l. • -- • ~ ;. • aL - l "..... • • • l • ! r • • 1 .... .f ., f • - .. .... ..t 3 • . r • •+ b ..., ~ .. • '!~ I • ( l r .1.. ~. r.., r • • • !1 • -, "I .. r • • I .. 1 . • ~ • 1 • 'll • '-[ • • • . f ')\f ... _cf • $] " ,r{j" • ·J • .r .. • j • • k . • • • 0 • -4 ".(• ~ \. • Cl' e. j- • 1 \ 0 ,t. ... a ' •. ,. • • . [.e l l od - .. i ..J ~ ' .( l • • cl f ~ cJ .. • ..CJ Q"j" l<..•1 • ~'!, l(J .; ·- • • £'I b • j t19.UP'1 • s • 1~ J.: 't.)l • '1 ! J1 • .. r 'l . .1, • . 01: ....~ l ~ • tt 9':1: • :,I U- 0 J. • 'I .S!:> • • l . .. J- i J 1: !l •• •. 1 ' • '! , ' ' ~d - • '- • , • { e-a • J --'- ... - :.lO •• • . lrt ' • jrr.. ~ t 'J r , !:;IJ. •• t l ! .L '\ J oq_ rx J .. 0 ~ l .... . "f • r i. . - :,'""1I r) ' • ..,.I \) '"' • .r ·r • A.rJ .. • • ~ !:,'\ r • • v •• ... 1~• ... - ~- . .... J - -· - f" • .. 10' 4 ~ • :"> 1·c • J • .,s .. :a ,.')l l Jc. . n. \ ~bJ.; \ '! ~ "); ~ • • rl nn I, a".r . \a t • • ,..... .r .\ 2. .\ w Q") rv .L J' • • r •• a .. .. rr )!) • • "'[! .L .... • • • • 'l'l 1 • , ,r J J: J,. .I. ""' • "f \ • ....t· . ·.co \) • ':l. .lt 8J3"1 '- .. • • • .... .. -· �i.b5 On motion by Mr . Baker, seconded by Mr . Lively, the Executive Committee adopted the following: That the regulations of the Interfraternity Council governing social members be approved as being fully consistent with the spir it of the trustee regulation limiting the n,imber of members of any ind.1vidual fraternity . The regulations are as follows: I. II . The number of social members of a fraternity shall not exceed five . Any fraternity having more than five social members shall have those social members in excess of five counted in its membership for determining its pledge quota. To be eligible for social membership in a fraternity, a student must: A. Have spent at least two semesters in residence at Centre and have an acct1nu1Jative average of not less than 2.0; or B. Be a transfer student of at least sophomore standing who, for valid reasons (specifically, because of ties to a fraternity not represented on campus), wishes to become affili ated with a fraternity as a social member only. III. At no time nay a student with less than a 2.0 accumulative or less than a sophomore standing become a social member of a fraternity. "IV. Social members shall not be counted in tallying the total active and pledge membership in a fraternity for the purpose of determining that fraternity's pledge quota. 22 . The Executive Committee recommended that the March meeting of the Board of Trustees should convene at 2:00 p.m. Friday, March 23, 1962, and continue on Saturday morning. On motion the meeting was adjourned by Chaix•man Sutcliffe at 3:45 p.m. Respectfully submitted, PT E:RCE LIVELY Secretary 1-13-62 Executive Commjttee . • �r c.r .. v ' • . J: r- • ~ • ' • .L • 1 • • • .r .. 'C ", • :., I • .,_ ' • .r • r I I 'l. I • j 1 r ' ..• .. • • ... • •• .. • • J. \ I • I '• , • • • • • • • ) - • • • ' . ; • •• • • ... • r . . .... • r r r ~ ' • i,~""' ~ • f •1 ., • • t '). .. • •• ~uI • [ .. • n • • • , .. ' ! • • C • .. '") ..1 ~ .... ' • • • ' f . ' • • ! J • • ,... • - I • • t ") r • • • • • • • • • •• �:iti6 Minutes of the meeting of the BOARD OF TRUSTEES of Centre College of Kentucky Danville, Kentucky, March 23 and 24, 1962. The meeting convened at 2:00 p.m. in the Conference Room of Old Centre. Present 1-1ere Chair:rne.n Sutcliffe, Miss Cheek, Miss Yerlr~s, Messrs. Baker, Boles, L. Cald1• ell, Campbell, Evans, Hall, Lively, NelTlin, Price, Rogers, Tate, 1 Vnn Ant,,erp and Van \·1in1~Je; and President SpraGens and Mr. Rall. 1. The meetiDG ue.s opened ,nth a prayer by the Reverend Mr. HaJ J • On motion by Mr. L. Caldwell, seconded by Mr. Boles, the minutes of the October 27, 1961, meeting of the Board of Trustees and the mjn~tes of the January 13, 1962, minutes of the Executive Commjttee 1-1ere approved as previously circ11Ja.ted, and the reading thereof was ,ra.ived. 2. 3. President Spragens revie1- ed the proposed agenda and general scheduJ.e 1 of events for !:IJS.rch 23 and 24 ,-1hich provided that tl'ie meeting be recessed about 4:00 p.m. to aJ 10,-r an op:9ortunity for the trustees to inspect the ne1·1 residence facilities, Sutcliffe Hall, the present library facilities, and the neu walks and campus light in(; program. Follo,- ng a dinner in the new d j oing commons, d the schedule provided for commjttee meetings duriDG the evening and early Saturday morning, with continuation of the Boa.rd meeting at 10:00 a.m. and adjournment about noon. A meeting of the Bal~er Scholarship selection commj ttee was scheduled for 2:00 u .m. There being no objections to the proposed agenda and schedule of events, Cbairman Sutcliffe stated that the pro!)osed agenda ,-1ould be follo,-1ed. 4. The report of the Treasurer was made by Mr. Rall. He revie1•red the General Operating Fund report for the second quarter of the 1961-•62 year, 1-1rJ.ch sho1ved that most items of income and expense 1-rere in line with budget estjrnat,es for the current fiscal year. ReportinG on the current status of the Plant Fund, the Treasurer reviewed a report which showed that Building Fund commjtments to date total $2,793,250.00, 'With Building Fund receipts and pledges totaJJine $2,698,408 .00, leavinti an excess of cowmtments over availabilities of $94,842 .00. In reviewing the cash position of the Buildin,a Fund, it was pointed out that about $191,400.00 of pledaes, commjtments, and other anticipated receipts heve not been received. Included in this amount is $4o,ooo .oo from the Barnett Estate and $151,1~00 .oo of 11nrestricted develo:,ment fund pled.Ges and conmjtments. 5. President S:.;,ragens revie1• ed in detail his 1,ritten report, which 1 included suecific reconn:nend.ations for consideration by several of the standjng .. commjttees of the Board of Trustees. March 23, 1962, is attached hereto and filed herewith as a part of the minutes of this meeting . A copy of the Report of the President of the Colleee, dated 6. Miss Cheelt., Chairman of the Committee on the Women's Division, , h reported that this Cor:unittee had met 1-1ith representatives from t e ,,omen s student body. ChD.in'"2..n Cheek stated that the students 1-rere extremely ,,ell "Jleased 1nth the ne11 student center, the ne,, dininc commons, and their ne,,, ~esidence facilities. She further stated that the students pointed out the �- .. • • ' • • • • • • • • , • • • • ... .. • • • • - • • • • • • • J. • • .. • • • . , .. - • • •• • .. • • • • .. • • • • • .. • ' • • • I • f • • • l • • • \) • • - • • ' • ' • • J • • �. " • I I -2- need ~or addi~ional study S!)ace in the library erea, and suggested that consideration be aiven to the possibility of arranGing additional study space in the 11omen' s residence areas, l·Thich would be available esnecially for use during the evenings. ~ Miss Cheek raised the question of whether it would not be possible to e."I)lore the idea of installing an honor system for all students since the campuses have been consolidated. Miss Cheel::: e."{})ressed the opinion that it may be desirable to have o. c;roup of women students to meet l·Ti th al11mnae c7ou9s on occasion durinc; the school year. Chairman Sutcliffe asked that Miss Cheek, in consultation 1dth President Spragens, 11ork to11ard arranging such occasional meetinss bet1·1een al1u:onae groups and re:::>resentatives from the 11omen' s student body. Chairman Sutcliffe then recessed the meeting, to be reconvened at 10:00 a.m., March 24, 1962. The meetinG of the Board of Trustees ..,as reconvened at 10: l5 a.m., March 24, 1962, by Chairman Sutcliffe in the conference room in Old Centre. All members present on March 23 11ere in attendance, e;~ce:9t Miss Cheek; also present ,,ere Dr. Franlt Cald,rell and Mr. Boyce Martin. 7. Mr. Boles, Chairman of the Investment Comittee, stated that the Committee met on Friday evening. He reported that the book value of the College's investment in stocks and bonds has increased from $2,244,500 in March 196o to $2,538,400 in March 1962, and that the narket value of those securities has increased fron $2,915,500 in March 1960 to $3,849,000 in March 1962. Chairman Boles stated that the Investment Conmdttee recommended no chanGeS in the Colle~e's investrent portfolio. Chairman Boles reuorted that the Investnent Commjttee considered the request for mortGaGe loans- in the amount of $15,000 each to Mr. Henry Le,Tis and Professor Bertram Kelso, and that the Investment CoIJDlljttee recommended the approval of the t110 mort:;age loans. On motion by Mr. Evans, seconded by Mr. Livel.J', the Board of Trustees a9:9roved the follo,Ting recommendations from the Investment Cornroi ttee: a. Tbat the Collese be authorized to make a mortGage loan of $15,000.00 at 5% interest, to be amortized ,ti.thin 20 years, to HenrJ C. Le1• is, plant eDGineer, and Mrs. Lewis for the T ~urchase of the property at 435 Boone Trail in Green Acres, which Mr. and Mrs. Levris have contracted to :purchase from the Second Presbyterian Church for a tote,]. price of $21,500.00. b. That the Trustees authorize the Investment Committee at the ap~roJ riate tjroe to make a oortG aGe loan of $15,000.00 at 5% interest, to be aroortized vdthin 20 years, to Professor Bertram Kelso and Mrs. Kelso, on a hox:ie to be built upon a lot already o,med by the Kelsos on the northeast corner of Boone Trail and McDowell Drive in Green Acres, and on ,,hich , �- ... I r ... r• • • • .. • c.. - ... .... • • • t • £' J V ... • ..,. I • 1 - 1 • .. • .) 4 - • • l J., •• • .. • • • • :., • • • j • ;.J • ~ • • ,. •• .. ... • 1 • '"J. • • • . • I 'J - • • ... - .r . "\ • .. V .; .., .,. ., • . • - . r • • • • • • ) • I- r.• h ' • • v • - t 'l ~ .- m • J • • • .. .... ' .. ,. • .L ., ... ,. "V - • • ..J • .. • - \I { .._.o ' . T • • ' • ... • • .. T ... u • I.. • <... I . .. - '-• ~..,. • • • • • ... f <'1! • .. • ... • ..&. r- (. ... • f " ' j ... 'I( .. .. • .>' V .. .. •• • , .[ - ... • ? .. ... \ • - .. ' • i .. Jo, • • • • • .. \ •• i • • ~ . • ... • • I ... I f • • -~ • • LJ_, i ..... V .. • ' • .. • ~ • • • \ .J 0 • • • -.. • .,.I ...... ' r .., ... • • '' ' • • ., ; • CuJ - • .. • .... .. n ( • .' l. \J • ' .. • • "\ .t - ~ ~ ..:I • .. I;.; • ~ ~ • • • .. • • • 4 �1.ti8 -3the construction cost is estimated at $22,000,00, it being understood that the remainin3 construction cost will be nrovided in cash by Mr. and Mrs. Kelso. 8. Mr. Martin, Chairma.n of the Academic Affairs Committee, stated that the Commjttee had met on Friday evenjng with President Spragens and Dean Heck to discuss in de9th the information and recommendations contained in the President's re::.:>ort that pertained to academic affairs. Chairmen Martin stated that the committee concurred with the decision of the faculty to discontinue the major in home economjcs with the conclusion of the current academjc year and the decision of the faculty to discontinue the accounting major in the department of economics and business administration after 1963. Chairman Martin further reported that the C0mmjttee recommended the a?proval of the President 1 s recommendations for the employment of an additional professor in the department of economics and business administration; the appointment of two faculty members in the areas of physics and mathematics; the creation of an a1ditional position in the department of biology; the creation of an additional pos ition in the department of history; that Professor Misch be granted a leave of absense for the 1962. 1 63 academjc year; the appointment of Dr. Donald Crosby as assistant professor of philosophy and religion, to replace Dr. Tice; that the services of Dr. Vaughan, 11ho has passed the normal • retirement age of 65, be continued; that Dr. EJJ1s, Mr. Kelso, Miss Reeves and Miss Rogers be promoted in rank; that t,he appointment of Mr. Dixon as ass:> ciate director of admjssions be approved; 8.lJ~ that the College participate in an institutional self-study during tlie 15,62- '63 academic year. Chairman Martin stated that, follom.ns its meeting ..Tith President Spragens and Dean Heck, the Cornmjttee bad an extremely satisfying and encouraging discussion with those new members of the faculty who have been appointed 1Tithjn the past t,10 and one-half years. On motion by Mr. Boles, seconded by Mr. Campbell, the Board of Trustees adopted the report of the academic affairs comrnjttee, including approval of the follo,nng recommendations of the uresident: a. That the a upointment of Donald Q. \·/ebb as assistant professor of economi~s and business admjnistration at the salary of $6,000 for the academic year 1962- 1 63, be authorized and approved. b. That the President of the College be authorized to recommend the aupointment of tlTO faculty members in physics and/or me.thematics at the ranks of full professor or associate professor, at a cost estimated to exceed 1961- 1 62 budGet commitments by $10,000 to $11 OOO· and that provision be made in the budget for research und~rwritinG in the physical sciences for 1962-•63 in the amount of $8, 000 . c. That the creation of an additional position in the department of bioloc;y at the rank of instructor or assistant professor be approved. d. That the creation of an additional !)OSition in the department of history at the rank of instructor or assistant professor be approved. • ,. ��i.69 -4e. That Professor Carl E. Misch be continued as professor of history and German for the academic year 1962- 1 63 and 3ranted leave of absence l·Ti thout "98-Y for the year to enable him to accept ap~ointment as visitinG professor at the Free University of Berlin durinG this period. f. That the a?pointment of Donald E. Crosby as assistant nrofessor of uhilosophy and religion at a salary of $6,000 for the 1962163 acadernjc year be approved. g. That the continuance of service of Dr . Alden G. Vaughan as professor of classics durjng the academic year 1962- 1 63 be authorized and auuroved. -- h. That the follo,Ting ~romotions in rank be approved, to be effective September 1, 1962: 1) Dr . Roy EJJis from associate professor of physics to ? rofessor of 9hysics; 2) Mr. Bertram Owen Kelso from assistant ?rofessor of nn.isic to associate professor of music; 3) Miss Emily D. Reeves from assistant nrofessor of educetion to - Kitty Elaine RoGers associate ?rofessor of education; 4) Miss from instructor in physical education to assistant professor of physical education. i. That the a.9pointment of Mr. William Berry Dixon as associate director of adm; ssions a·t, an annual salary of $5,000, to be effective May 1 or c 1rl5.er if feasible, be approved; and that Mr. Dixon be added to the list of those eligible for inclusion in the College retirement ann11ity ~rocram upon the conclusion of one year's probationary employment . j. That the Board of Trustees commend, authorize, and give its assuro.nce of support for an institution self-study of Centre Collese to be conducted in cooperation ,11th the Commj ssion of Colleses and Universities of the Southern Association of ColleGeS and Secondary Schools durinc the 1962-•63 academic year, ,Tith prelimj nary plans to be develo?ed durine the s 11 mroer of 1962 9. Mr. Van Winkle, acting Chairman of the Student Affairs Committee, reported that the Comrnjttee had met Friday evening 1-Tith Dr. Cavnes, dean of men, and representative s of the men's student body . Mr. Van Winkle stated that the Committee recommended the revision of the maxinnlro fraternity membership quota, and recommended approval of the faculty's request that the College's policy on postseason athletic contests be a.mended to agree with the organizational policies of the new College Athletic Conference . On motion by l~. Lively, seconded by Mr. Hall, the report of the Student Affairs Committee was adopted, including approval of the following recommendations of the president: a. That the recommendation of the Interfraternity Council to emend the limitation of membership of individual fraternities by establishing the limit of total members and pledges for any single fraternity to one-sixth of the total male enrollment of the College be approved. �.. ..• • • - I .( .... • ' ... - - ' \,, .. - • • ... " "' • • .. .. [ • • • - • - 1 • C • ; • .., - • f"'\ .. • • • • ,. • • • I j v • • - • .. ,. • • • ' • v • .I • • ... ~ J,. l • • • • • • - • -· ,>,J ... .. 0 ... • J .... ' • • • • • • - . • • - • - • .J .. • ... • • .I. ,.. • • • .' l ... • ' •• . " J .. .J• d ~ i ' ~ • • • • • . • • • • ... • • .. .. 1. • • ' oJ r.. .1: • ... e • l • .. ... !-) . - J~ • • ·" • , • • I. ~ .. ) • .l ..... l • ... • •• • .. " \.t .I . • • ' • • • • • ~ ••• J • _, ~ , • ,. • I .. ry • .. • • • • • r • I • • ' ~ • • r- • , '- • • • o"' i • • • • ~ �-5b. That the policy of the College concerning postseason athletic competition adopted on October 27, 1956 by the Board of Trustees be a.mended to read as follows: "The athletic teams of Centre College of Kentucky Will not participate in postseason games, except those sponsored by the National Collegiate Athletic Association in which a Centre team or individual would represent the College Athletic Conference." 10. Mr. Logan Caldwell, Chairoan of the Buildings and Grounds Committee, reported that the Commjttee has not held a formal meeting recently, but that the Co1r1nd ttee has been in close touch w1th the College's construction and campus development program. Mr. Caldwell reported that the finished gra.djng and seeding of the ground in the areas of the new buildings would proceed as soon as the weather will allow, and that it is expected that some of the areas where the need may be greatest can be sodded. President Spragens reported that Danville's urban renewal program, plannP.d for the area north of the women's residences, has been approved by the Federal Government, and a reservation of funds has been made for the project, contingent upon the satisfactory development of further plans for the renewal of that area. On motion by Mr. Lively, seconded by Mr. Evans, the Board of Trustees adopted the following: That the College retain, if a suitable fee basis can be established, a consulting and supervising landscape architect for development of a la~dscaping plan for the campus and that landscaping of the new women's campus and the area of the new dining commons be advanced as rapidly as possible within the limits of existing funds. 11. President Spragens reported that members of the Development Commjttee and the Buildings and Grounds Committee had met Friday evening with members of the Faculty CoIIDDittee on Libraries to discuss the College's need for an improved library facility. On motion by Mr. Lively, seconded by Mr. Hall, the Board approved the following recommendation of the President: That the President of the College be authorized to retain a consultant on library planning, chosen from persons recommended by the American Library Association, to consult with the faculty committee on libraries, the officers of the College, and the Board of Trustees in achieving a clearly defined program for meeting the pressing library requirements of the College. 12. Mr. Lively reported that the Finance Commj ttee met Saturday morning to consider the proposed operating budget for the 1962- 1 63 year, and to consider the specific recommendations included in the report which the President made the previous afternoon. Mr. Lively reported that the Commjttee reconnnended the College pay the full premium on all TIAA annuity and disability insurance contracts, that salary increases for certain members of the faculty and staff be approved, that two of the professional members of the library staff be made eligible for the TIAA a,nn11ity and disability insurance programs, that the balance of the loan for construction of the Weisiger Arts and Music Building be paid from the Plant Fund, and that the fee for instruction in applied music be $40 per semester for a one-half hour lesson per week. Mr. Lively stated that the President's proposed budget for 1962- 1 63 included provision for the above �• - • n f • ' • .. • f' • • • .. ,. V T • • ' .. .. • • L I • ..I , "''!1'. • • • • l t • ... t. .. • , • I • ~ t • • .. ' ' r • • • • • • • ' f • • • • • • { I I r r - • • • • • • .l • • • - 0 ... ,. ,. , ... .. • t t r • • .. C , .. • , • l l ' • • • • • i I .. ' - ) • ' r: • • • .. • • • • • r • • ' • ,. ... • ... • ' • • ' �• I ' -6recommendations, and that the Commjttee recommended approval of the proposed budget for the 1962- 1 63 fiscal year. On motion by Mr . Campbell, seconded by Mr . Van Antwerp, the Board of Trustees adopted the following recommendations of the Finance Commjttee: a. That the propo~ed 1962-'63 budget for the operations of Centre College as submitted by the President, including a total income estimate of $1,253,390 and total expenditure estimates of $1,267,570, be approved. b. That beginning September 1, 1962, the College undertake payment of the full premium on all TIAA annuity and disability insurance contracts for eligible members of the faculty and e.drnjnistrative staff. c. That the following salary changes, to be effective September 1, 1962, be authorized: Present Revised Ellis (promotion) Jacob $7400 7500 $7800 76oo Brown Cantrell Kelso (promot io~) Reeves (promotion) 7000 66oo 6ooo 6200 7300 6800 6200 6400 Hodgkins Lee Rogers (promotion) Sagar 5600 5400 5200 6500 5800 5600 5400 6700 Bonham Huff 4500 4500 4800 4800 Lewis, Henry (12 mo.) 7200 7500 d. e. That remaining payments on the note payable to the Kentucky Trust Company of funds borrowed to finance the construction of the En:aDa Weisiger Art and Music building be paid as due from the Plant Fund. f . 13. That Mi ss Ruth Tucker and Mrs. Lucy llare Chapman, both professional members of the library staff, be added to the group of admjnistrative personnel covered by the TIAA annuity and disability income programs . That the fee for instruction in applied music to non-ma.tric11J ated students be $40 per semester for one-half hour lesson a week. Mr . Baker, Chai1·u,a,n of the Development Corom1 ttee, reported on the status of the College's capital gifts program. Mr. Baker stated that the campaign for funds in Louisville and Danville has about run its course, and that future funds for the current campaign will need to come from other areas. Mr. Baker stated that letters had been sent recently to 179 ab 1roni in the Louisville area who had , �• • • • • • • • i • • .. • • • ' , • ( • • . • • • • ' l • .. • • • • r • • • • • . • ' • • • 'I • • i • • r •• ... ' • I • ... I • �1 1 /2 -7who had not previously been solicited, and that the results of this effort has been very minim.l to date. Mr. Handlan, director of development, revie,-red his report on the progress of the development program to March 15. Mr. Handlan stated that gifts and pledges to the development program totalled $928,000, of which amount $98,300 has been designated for endowment. He stated that solicitation for the development program has begun in twenty additional areas in Kentucky, but thet hopes are not very high for significant gifts or pledges in those areas because of the small number of Centre aJ11mni in those areas. Mr. Hand.lan further stated that formal proposals have been made to two Foundations and that proposals are being prepared for twelve Foundations known to support building projects. It was suggested that in the future gifts to the College be recorded in minutes of the Board of Trustees, with a statement of appreciation. On motion by Mr. Baker, seconded by Mr. Lively, the following was adopted: That all gifts to Centre College, other than to the annual alumo1 fund, be recorded in the minutes of Board of Trustees meetings, with a statement of appreciation of the gifts. 14. Mr. Newlin suggested that the preparation of material for the solicitation of funds for the College be designed to appeal to persons who are not now connected with the College. Such material would point out how effectively a gift would help the College, that t he money would be used efficiently, and that specific gains can be ma.de by the College through such gifts. It was agreed that the development office should work toward this end. Mr. Baker asked that each Board member review his acquaintances and come up with one or two persons which he and the Development Commjttee should concentrate on soliciting funds for the College . Chairman Sutcliffe requested that each member of the Board cooperate with Mr. Baker and his corom1ttee in this selective solicitation. 15. President Spragens recommended that consideration be given to the filing of an application for loan funds for the third un1t of women's housing, if it appeared that revenues from room rentals would amortize the loan for construction of the building. On motion by Mr. Baker, seconded by Mr. Campbell, the Board approved the following recommendation by the President: That the President be authorized to make a preliminary application to the Housing and Home Finance Administration for a loan for the construction of a third women's residence, to house approximately 88 students, if such a loan can be amortized in accordance with the College's policy for the financing of auxiliary enterprises. 16. The Board discussed its participation in the 1962 academic procession. It was agreed that all members of the Board who could do so would march in the academic procession. ,. �.. • f ◄ • • • • • • • • • •• • .. f • • • • • • • .r • r • • • • • • , • • , • • • • • �-8- 17. The next meeting of the Executive Commjttee of the Board of Trustees was set for Friday afternoon, June 1, 1962. The next meeting of the Board of Trustees was set for Saturday morning, June 2, 1962 . On motion the meeting was adjourned by Chairman Sutcliffe at 12:30 p . m. Respectfully submitted, PIERCE LIVELY, Secretary (M:i n11tes - Board of Trustees March 23 and 24, 1962 ) �- • 'J ' - - \ • • • • • • • • . • • ... • • , , I - ' �173-A Pr oposed 1962- 63 Budget Mar ch 21, 1962 I ncome Student Fees Tui tion O ther 1960- 61 Actual $389.245 4 0~ 1961-62 Budget $ $393:3 Endowment Income Unrestr icted Real Estate (net) Restricted $ $70 ,003 19,863 321286 $122 ,452 456 ,950 4 23~ $ Gifts and Grants $ 46,198 Church Boar ds and Churches Ky . Independent College Foundation 20 ,050 Other Unrestricted Gifts 30 ,792 Alumni Fund 20 1968 461:18 1961-62 Revised 1962-63 Proposed 4S6,J92 $. 5J9,450 4 29g $ 4 26~ $ 46o,:6a ~ 543:71 72 ,000 15 , 000 3J.500 $ 120 ,500 $ $ 71, 500 15,000 311525 $ 118,075 $ $ $ 47 ,600 20 ,000 6,400 23 1200 97, 500 73, JOO 13, 260 411 040 $ 127, 600 48 ,000 24 ,000 1J ,OOO 30,000 $ 115, 000 ~118 ,008 Other Income Auxiliary Enter prises Residence Halls-Women Residence Halls-\liseman Residence Halls- McReynolds Residence Halls- Breckinridge Residence Halls- Hillcrest Residence Halls- Boles Residence Halls- Fraternities Dining Halls Book Store Intercollegiate Athletics Student Aid Gifts Endowment Income TOTAL INCOME $ 42 , 300 20 ,000 6 ,400 25 , 500 94 , 200 $ 91 848 $ 4 , 170 $ 4,500 $ 4 ,800 $40 ,927 12 ,823 4 ,646 20 ,165 3, 264 $ 50 , 370 10 , 230 5,900 25 ,650 3, 920 $ 50 ,500 10 , 130 3,240 23 ,805 2, 970 $ 50 ,500 9,600 5,400 24,600 ----167 ,770 39 ,222 23 ,058 ~)11.875 $ --16, 335 ----- 190 , 160 37, 500 20 1222 $ ~ 1702 ---130 .S, 190 ,160 44, 200 21 1000 ~ 262.1!Q ~ $ 6 ,500 26 ,000 $ 22 : ~1~ $ 30 6 5, 9.50 24 , 100 $ 300 ,050 $ '32 ¥ $986 ,488 $1 , 052 . 2§5 ~1 . 028 ,022 $ 5,054 $ 1 500 J8 ,625 221 ,000 47 , 000 19,570 421 ,425 1) ,600 27 .250 40 1850 ~11 2221390 , �• ~o ! , rl £S O·· 1()() l f - ... hea.rv 5 • re ? 1\ t .... .. • ~:)~ . ~~ .......... $ ---~ - - ~- - -' b c_{~ • 'I' Oc 14..0 ,S! ----~I. .., 0c ~l ri) 00') 00~,ff -0 00 ,~s r ...,,f-.. " ' 1\ ~~ . ' 'C' ( -·='-~.,,__ _ :JOO • , 1 I ...,.._ I;!• -------- ) -- \ no l .....___~P 8 J. I• cor . ,. ..• oo,\ , a Ot ~. ~ . . ._._,.__ . a .rrn-1obn. . +ol·r '~ 1n (00, ~---........·- ------- _______ _ n) o,os tet1 n •. 8!'1i "'"l l ~ ~ b1 s~~. .. ~,O( '1 c ' j1ebnoq . .,riJ-•>i'"lJ, n:ti sa o~ -- t . 8 ....------.....-. J. ·-· 1 i • • ~t . b 0 9 t ·- • • ? ~ 0 0 •• sn1c ortI ......... Ou~ , ~~1 oo \to - \, .µ ' I ·,e__ . t _ ~ ,oo ,0' " --· , .re ......., ------- ~. ' I o,c! I 0iji1: r .i.e.c:lj-0 c.'c::f >8f' 4! • 4i _, .. ' Jc+\ ,;I 0 ____ :-t.,,:,.. _ _ ~ ¢: C 'j 't nI t:) __ --- -~r ·---·· . d+\ c81 ~-' Oo+\ - ' - 1 • I "·'" f ~ , ,.! ~ .. n .f 0 1n· ' n ,~ i.. , • __ I • .µ O'" .:..;;;.. os, ..c OOc. t' ( t,s n...:m.... lo.. : -~itOl ~ t • --- o,~ '( ~ c:Oh -1, ~ c c t .. --t l ~ol, 0 J 1 QQ< • • l 000,. 1.' . O _~ . t,;.:1·--=-- -_ . ...__ _ ... - -· _....,._ 0 .t 1 0 · 00\., ''-- f.-~~o_s _ __ ?0 ) ----l·-----~ --- ·- .. o, ,~--01 ss.: ., l 0 10\ •. eJ q -?. i ,r .r'f-r•r 'l f (( c ---) , f<". :, l f _ .tf c., -- .¾ r . -- -~ • r • ,. nsb~ cl~ 1 el ..: · n · iG .( . Ioo·r · riI ? .. • -- ~~ •Jrt9b.t 9' b· rtCib.trj u l..c m,vobn~{ <... 9 .x11 1 f ·• • n o [l ~o~ ~b.t 3 J ~, · oJ..f J .. - , C H '") 1 • l H er.r He• !.JlJ.>lD .c '"! J 00. vN �• ' . . ... ·> . .... 1960-61 "1'961-62 1961-62 1962-63 Actual Budget Revised Proposed 27,.500 10,293 188 $ 37,981 $ 29,.500 $ 29,.500 EXPENSE Administration President Dean of Faculty Boards Business Office Controller Treasurer and Business Manager StQdent Services Registrar Counseling Dean of Chapel Dean of Women Dean of Men Health Service Student Activities Bus Service General Secretary Admissions and Student Promotion Public Services Alumni Office Publicity Development General Institutional Communications and Postoffice General Institutional Expense $ $ 29,.500 12,000 300 $41,800 11,87.5 100 $41,475 12,400 2~0 $ 42, 1 0 $ 26:za $ 18,200 11 000 $ 22:200 $ 18,310 1118~ 18,625 11,650 $ 30,275 $ 7,130 4,363 7,144 .5,7.52 3,9.57 9,5.54 6,024 J,808 13,.585 2g:120 $ 8 467 $ 7,820 4,70.5 10,710 6,9.50 4,.590 9,100 5,900 2,300 1J,800 25 235 $ 21:1 0 7,.500 4,700 10,700 7,000 4,100 8,700 5,900 4,000 11,930 2? 100 $ 8 :630 8,040 4,700 11,000 7,320 4,22.5 7, 34.5 6,480 2,2.50 10,.500 24- 300 $ 86: 60 $ 14,135 $16,100 10,085 $ 14,700 10,375 $15,210 12,.550 201850 i 48,610 $ 1.5,600 8,766 ---- $ 221901 $ $ --I 26118.2 $ 25,07.2 --- 11,400 $ 29,710 $ 7,680 18 ~00 $ 26: 80 $ 7,504 23 462 $ 30:966 $ 8,180 21 83~ $ 30:0 $ 7,600 18,300 $ 25,900 $ $261,442 i226,982 $294,000 i312a400 $11,335 J,888 18 g86 $ 33: 09 11.420 4,989 20 486 $ 36:895 $ 11,420 4,989 22 021 $ )8:500 $ 2.5,1.50 9,.548 24,572 $ 59,270 Library ~ 29 ,016 $ 351040 $ 33,000 $ 33,740 Maintenance Auxiliary Enterprises Residence Halls-\lomen Residence Halls-Wiseman Residence Halls-McReynolds Residence Halls-Breckinridge Residence Halls-Hillcrest Residence Halls-Boles Residence Halls-Fraternities Dining Halls Book Store Intercollegiate Athletics Bond Redemption and Interest $ 83,83~ $ 94.405 $78,000 $89,400 $ 39,322 $ J4,5JO 8,30.5 7,860 28,710 3,000 $ 35,1.50 8,000 6,420 27,700 2,4.50 $ 36,000 Student Aid I Instructional Supplies and Expense Departmental and General Staff Benefits TIAA Faculty TIAA Staff O ther Benefits 1 Contingency Fund TOTAL EXPENSE INCOME OVER (UNDER) EXPENSE 8,648 8,.506 28,220 3,5.50 ----- $ --- --156,920 --10,600 8,200 7,500 28,000 --4,.550 --$299,188 32,.500 21,410 --$293,235 1.56,070 37,000 21,175 23,,2,20 $328,115 23,000 176,000 40,000 34,600 73.500 $431,350 $70,961 $ 74,300 $ 85,200 $98,000 --- $ 2,060 $ 1,000 $ 5,000 $983,154 $1,052,385 $1,067,095 $1,267,570 1.51,100 J8,J26 21 ,516 $ 3,334 $10,230 (i 14,lBO) I 173-B . • • I , �o- l t • ·~ O)c , 0 OOc 1 \ t ... ' () t s· J ein.cnblt ~._.. I ~ i • t t ---·--· ~ S , 61 ~c; . 1 ~ • 0 ' , 8.( • t 0c QQ~ll ()(' OJ: ab-i 08 lb . '~ -~ '--~ #0 ,~~s I \ .. ~ • /t - ·- • 9'Ji ~ OOo , · l" oo~ t err Jl .') ne • ?, --- t! )( t "J 3 <f ''-- , 01 --- •• - • C' -- •• ~ 1J. t { ? Oc ' t \' • .. . , r OS ' :l t - . .r ~ti Jen.L ,, • c 'f l , . "iiiUSG • a e : "' r • s At ----"'--· ...... ----~ ....... ~Qr .... OOc . > ;l · - --- . o . t O. 110:J er1eD .t l ~ 8(? ' t J·t~nt- , • .t:i () ... t i"..... J:mb.t~ 1 oi 1'tojaoq ' rt ar1 .. qx::: Ir no.i::t- ' • ~ !Jti . i:~flt:1 r ,SO 1 ._ l a · · ✓'!9G ~1.£, ...l,q so.t 10 i: uI1 i ol clsJq r · · oi· ve • • • sj1 .. to: c""'8 --~ ....• .t • r,1 , ._ . ' ·1 .. r.,.; • 1 1 a - '!ga cl c.' 1 O' ! . --- --------• ~ G l ... bIJj~ ·-- . v • " - ae 800) -- -.. - -- ( ' ,j 1 8.0 8, C. •• I :) t , , 0 ' ' • ~" - \ 5' ~iso, 0 ),[ ........,,... ,., t Q0'1 , '."l l)C r- 0 !. - 0,-f~ ____c, Of ;'l ""' ( I "'.l ~ 1 01 , • - .... : · ~eJI <1 o~ ' ... 1. • t a8 j . ·bl 12 ~-t · 'lt.:)·1 00 ... , J1 · · lJO~ , 8 00(? t c. 000 t ..J • ,: ., ias .... ♦1T .- o,, 0 ~ r o I tR j · I'" 1' ~ · t .c" ~ ~8 ~$ IJO ·---- ------ > ,..\ • cf P~.!L_. •• I -- .. Oc_.t~~( ' 000 , 8 .. .. .. \ ., 00 (.µ ' .. {J i ~ G~ ~· oss, • ... tJ' • I l ' ol • • --- I . ... , ~'l '"' C ._. a .t"'· • ' ·-· - - ~ ro v:.. t • • \ h emo .- c:.l..Lsl rt s:· i: \ - ai r s l ---no cl ' - nr 00) , C ?\'!f!~ - t -·~ • C- 0 ' \ :1 't- t C • .!~, ·1 j 8 s:s l e.µot ,.• ~!!t; ns · . .. , • l 't I •i J • r OOo.Ol 0 r-~ ( --- - r · 1- 0· , • I I o, b.t. r stl ac ,.. -Ji jc~•- r ,L.r-=- ')ft'"' "\1 ·II [ ( ·.citxu Ji r r1 lL .t _ ..1. • t li t. .L . -- ro( ~ t "{ • ;:, - - • ~ (_,. - 000 . ·.1 • - --· • .I. ' ,, • -- ~ -, ... 8 f 'l (10~ eaenl· .. 118 hn J · OOc , ' . 00\' , +\ 8e9C1J.P,f • • . \' ~ ij .[i'O 1 j • 8A --- -~ . 0 .t ~S'tq nGoC ,, ? --- .t ff ....._ - -- __ Mr . __ ...... .....r~ ..,._ t r f 8 " .., - '.• •• , • • l U.J • • ( '' �. • 1.'14 Centre College MEEri:'lNG OF '11IE BOARD OF TRUSTEES March 23, 1962 2:00 p.m. REPORT OF TBE: PRESIDENT OF THE COI.JEGE Since the last meeting of the Board on October 27, 1961, much has transpired in the life of the College. Most obvious is the major physical reorganization which has now brought all students into residence on one campus. The 11nj fied campus became a reality with the relocation of the women students into their four new residence units during the last week of January. Occupancy of the last buildjng - the dining commons - was accomplished only nine days ago. The moves are now f11J Jy accomplished, ho1-1ever, and although nuch remains to be done in the way of landscaping and minor finishing touches which are to be accomplished in the residence halls during the next few weeks, the unified campus is a func- tionjng reality. The change has not been accomplished without substantial effort on the part of many persons. It has called for the willing cooperation and forbearance of all members of the College comnn1nity. It bas necessarily been accomplished only at the expense of some temporary inconveniences. However, the students and faculty have adjusted to their new locations and new routines with unexpected ease. In contrast to a general uneasiness which naturally prevailed in the minds of students and others during the weeks just preceding the move, present morale of the campus, in the judgment of the staff of the College, is now at a noticeably high level. The physical change was, of course, accompanied by other modifications of College life. Not the least of these was the introduction of a quota system controlling the ma.xjnn 1m size of the membership of the fraternities, and the major change in rush and pledging practices which accompanied the deferment of I 1 �.. • • • • ... I J l ••• • • • .£. ( ·1 .t • - • • .. rl • • • • J. 0 .. . r • • • .. J 'l • I r{ . •...... • 4 • \, - • •• . .. ... :J ,. • r ,, • • • • ..... • I • ,. .1 , .s • • - • 'I,, ·- • • • I ( .. . • • • - £..1. - '- ..., • ' • I • .. .. fl '\,I • .Cl~ 0 • • • • • • ... l t" , I. . .. i ... J_ I ' • • • ...... ...,_ .1 ! • i; • r , .. ..t .. u •I - • • ,.. f ... 3 • - .r • • • • ,. . • .r , .... 0 i:d • • ... • • • .. • • • • • .. • l.:, ' j- • • • rI • �. • • I ; fraternity pledging of freshmen until second semester. Although these changes were marked during the first semester by substantial misgivings among the men students, the acceptance of the results now that pledging has come and gone, has been demonstrably favorable. The Interfraternity Council has now gone on record as favoring the continuance of the quota system and deferred rushing for the coming year, with only minor modifications in the policies now in effect. The academic performance of the student body during the first semester showed noticeable improvement, due al.most entirely to the fact that the grade point average for all men students advanced to 2.352, as compared with 2.202 in 196o-'61 and 2.198 in 1959-'6o. The women's average renained almost constant at 2.574, as against 2.573 in the preceding year. Though we can only speculate, we feel the deferred fraternity rush was a major factor in the improvement of the men's average. The first semester enroJJment of 492 full time students, plus 13 special students, 1ras followed by a very satisfactory second semester enrollment of 462 full time students, plus 10 specials. This attrition was somewhat less than for the prior year, in spite of the application of more stringent policies by the Academic Council with respect to extended continuance of students on probation. The trend in applications for admjesions for the coming year has continued upward as in prior years. As of March 12, our net applications on file were lE/fo more than those in band at the same time a year ago. An objective estimate of our enrollment for 1962-•63 indicates that we should have 545 full time students enrolled in September, compared 'With 492 at the start of the current year, even though we anticipate admjtting only twelve more freshmen than were accepted for the current year. sion enrollment. The large increase will be in the upper divi- The comparative figures for the two years are as follows: -2- �• • - • .. 9.1 • r-r •... J..., .... '-rl • ( -· • ... - s (. "a:.. · d no • ,.. ! • .( u a oJ • • • • J1 J. • t .L ; I .. , - lli: ...r .. r .,_ • "f • r . t i.i:vT .t l - • • ". - tn- rr o ..,, "TT "\ ..... .U 1 ~- J i'l t • ~ ~ • ... • 1.. J ... . >' l r J.J. q ('... 3 - !.!Id°!!O!'> • ...· ( u • _, I .. t rq n.t • ., l , Jt,cfo . -. ) sv.srf hiu ! t j rfj t 8 • d' lI.ttv 1 • r "( l.i: - !! . i • • ... ,.. ..t ., I ..r. . .., • 0 O i"f •.#' 98 ') fI • �i'16 ► • • I • 1961- 62 1962- '63 1 Actual Senior J11ni or Sophomore Freshmen Est)mate 70 75 80 154 183 120 160 195 492 545 The life of the College has been enriched by the contributions of new members of the faculty in several departments. Not one of the nine new members added to the teaching staff this year has fallen short of our expectations for them, and some have already made a distinctive impact on the work of their departments and on the work of the faculty as a whole. One of the best measures of the future potential of an institution is the quality of the junior members who are added to the faculty from time to time. In order that the trustees may have an opportunity to develop some familiarity with the qualities and the interests of our newer teachers, I have invited all those who have joined the faculty since January 196o to meet informally with members of the Commjttee on Academic Affairs, and with other members of the Board 1-1ho may be free at the tjme, tonight at 8:30. I hope that as many of you as possible will take advan- tage of this opport,in1ty to meet and talk informally with these new members of the Centre faculty about their own work and about their reactions to the program of the College and their hopes and aspirations for the future of our program, Our agenda for this meeting has been so arranged that most of the commjttees of the Board will have an opportunity to meet Pither this evening or in the morning. I am accordingly arranging this report by sections related to the interests of the various committees. In this opening session it is my thought that I should simply lay before you the principal issues with which we should be dealing at this meeting, accompanied by specific recommendations where appropriate . I would suggest that we undertake no action on any of these recommenda- tions at this session, however, but that the various committees review them -3- �' I { 1 iJJ, ---· -- n .. (l.,~....1'l 'lu a r • ... l J" r o . . .1. ~\T rt i l.t., no b!I I 1:0.J:a . ·, • l .r ... r _ L j • rl 't 1 . . ;.. f ' .c - ~· • . .9 ,ff • 1 y; f:-. .t .;rrs .l..l.J.;.) . .• • 'T t C' ..... ~ I :3d ... .l \.: II a: t j . I • ,: 't .. :) • ~ .. ) ..• rf · ·1 ' [ ,. -r ..a. • \ 'l-. "' .o J.0 ,. £ ~- . • ..c . ,.. 'I :;J J j-<') [ • - Jft..C • 'I •. t. :o • .u'l .:.. J' • w• ru.s L • 9 - ·,:, O"l.'I • • CJ · ao.t.·~ , - • •j c· ~d .s. ' JL > • •... ....tsrl:.t ju "J- 5-:UJ •f ... n. nl J ~i . .. bc.>T.J· r ... ca • rtJ rt .• v .(t.": • {v! 110 l • r.. • T C: .t ·Lsb _ J j ""' ! 1·· - t • . . ,~. 79J.,. ., • • I ' .r. • • . ,. CJ ..l' .i:1 .. rr • fl r- ~ • • • - .. fill ... 11 • • • ., If .. •. - •• ... • • J ) rt.i: ,. fl • ... • .. • L.(10! j :-. l. - .. • , "!t _, J ...... .t J- • J ,;., ..,bb..tS s ,") u C .[ .J ... • 1 .u1 · ,. 7 , · r -, • 1~0 J- • ~ .co • er ... l • • .C J ·r • ... , . ........ ~ b • • • S- b• l • 6I • • I r SJ ciJ :., • ;; • • • u, f,11 • t \;. c:. • • • :J-.u • \ • \ u • ~ • . • • • • J:· �j/_'17 • • • I ' more fully during the course of their separate meetings.. In ()11r <'OYlC']11ding general session tomorrow morning, the Board 'Will then have the opportiinity to receive the reports and recommendations of the various commjttees on all matters which the commjttees consider appropriate for action at this time. IlNEsrMENTS The Coroodttee on Investments will this evening take its regular review of the general portfolio of College securities. In addition I shall ask the Conrod ttee' s consideration and recommendations on two proposed housing loans to members of the faculty and staff. Recommendation - That the College be authorized to make a mortgage loan of $15,000.00 at 5~ interest, to be amortized within 20 years, to Henry C. Lewis, plant engineer, and Mrs. Lewis for the purchase of the property at 435 Boone Trail in Green Acres, which Mr. and Mrs. Lewis have contracted to purchase from the Second Presbyterian Church for a total price of $21,500.00. Recommendation - That the Trustees authorize the Investment Commjttee at the appropriate time to make a mortgage loan of $15,000.00 at 5% interest, to be amortized within 20 years, to Professor Bertram Kelso and Mrs. Kelso, on a home to be built upon a lot already owned by the Kelsos on the northeast corner of Boone Trail and McDowell Drive in Green Acres, and on which the construction cost is est:Jma.ted at $22,000.00, it being understood that the remaining construction cost will be provided in cash by Mr. and Mrs. Kelso. ACADEMIC AFFAIRS I have reported in general terms above on the general academic performance of the current student body. We can take satisfaction in the fact that, due to the selective nature of Centre's admjssion program we have very few students who are not seriously interested in pursuing a solid program of liberal education. The gradually changing nature of the student body has ma.de itself evident in changes in the major field choices of students. For example, the enrollment in courses in home economics have dropped to the point that the faculty a year ago voted to discontinue the major in home economics -with the conclusion of -4- �,.., •r-.. . ." . • • . r! ... C... . • . a cuo:, .. r! • 1[ ' :-' l. V.J. .... • ~ll.t:v . ,. ' ' 'I01 9 .t. ·x a • .t .1:• .r 1.i · . "'v j • ;-f'{. J .fl.[ ~ • .. 1 - !Il. • "" ' r.t :! ..J • ....c • "' l .. r s~ .. • ;- a 0-l LJ' a~s. 'l b~ .$ _,., • o~ "i TI - .L. _,. • ~ .c V ~ f'-49 l . ··,; :t 'jl .• J:1-rsl • 0 t 7 ".((! H C ·rcr s .. J• ,69j-!) ~'IJ!IO:,., rr.r ► • r [ ).(j J •... 0 ' rlT cr.:.:j- ed" d • r a •• • - ···1 ... 1 ()j lb·. t~ 1. ~rr I -on: --.--x I 1" oj • ~ . oar '! \,ta 'SI ·.:con • . ·o. ::>rfJ n~.c~ 9Jlj()f.! 1, • - 1,s , .td-1:oms Gd l .. f! 0 .i,. J. 0"" ... [1 rj r.t j,e ·3 9--1 11~rt£Oi .( 0 ()Ji "'1:l . ·01 • (. ~ L: '! \ t(J: ... .. err i .. . l 1 • _q "' \CO d ~ r.. ' t J ' •• -.J4 00 . ooo-5'".ti q :. ~ - rro .tct-i,bri s. ~t .,! l-s ~h-3 100a: ..,':r..LJ] . • ,._, 3 ).! ... ; )'-' s ·rlT -x o r.r.s y .I.u::>.e"J. . rf:r \C • .l ' J• ... rr-, f( a ct~ 11 l:!-f * l: r ..ns JJ rt ::)r.{ 1: 'I r. .SITI j .. 1 J • n .. j_. uo :. . j .t v .: a .tr! . ... • f .. '- )[l - 0 I -· . .. :(~ ' 11.C t rl· .. .. " r- \,) .... ,l .. - C 'S"r dt r • \. a ..... s r !l +ru-1..1. iJoo•:--.... .. . , • .. ').J,: • • BillJTIA ... '1 ) .r J £, - 0 rocf_· ~ ..... I r J-:. 'r as n.t ..o~. !Oa9'! - .. r ri I . b .. . I .. i r • . ! OJ .... • l L • ... J..'3 { t' { .L • or!j uo.t: I J �• • • 1 the current academjc year. Similarly, a declining interest in the highly technical field of accounting has resulted in the decision of the faculty to discontinue the accounting major in the department of economics and business admin1stration after 1963, allowing the department to concentrate instead on its two more basic majors in economics and business ~dmjnistration. This par- ticular de~Jjne is reflected by the fact that whereas four years ago we had six students graduating with a major in accounting only five will have graduated with majors in this field in the three years following. The decision to discontinue the accounting major has been based on other considerations as well. Professor Heffel.finger, who has ably taught our courses in accounting, will reach retirement age in 1963. To continue to offer a major in accounting in the light of the increasing specialization of the field would call for the addition of courses which we are not now offering, and would reduce even further the present limited number of courses outside the accounting field which can be taken by the student. Although several graduates of the College who are serving with distinction in the field of public accounting today have protested the decision to discontinue the major, it is the clear judgment of the faculty that to undertake to continue a major for the future would be inconsistent W'ith the stated trustees' policy of concentrating Centre's offerings on a basically broad, liberal curriculum. The eJjmjnation of the accounting major does not, of course, anticipate the dropping of accounting entirely from the curriculum. Indeed, instruction in the principles of accounting, including laboratory experience, is considered an important part of the basic preparation for a major in either economics or general business e-dm1nistration. As the field of accounting continues to develop into an even more highly specialized and technical profession, it seems only logical and sound that Centre should encourage her graduates who wish to -5- �i r 1o no~a..i:!)9b C :s 1 • • J) . )0 I ~rf f(.C J:ja ..r ., ::> l j ,. c. ~ rt ..,DJJ 1 .... J:'): .:ti: • f. '1 ". !1- •. • 0 • a • • or, .. Lj • l Jl .1: e ;.ro:J J <) <..,.:.. +J: r ... rl "-> ~ .l r1r .. ,vr ·~ • lfj· D.i:lcf1 q ·...( • j C'> ''tr. e.6_,Jr oJ :t-sr!j '(;di ~ .J. >JJ..J t10:r &i-a C'"\:"i ....C l ~ v ..,,. t"f' ~I- --J..,. v ~ • _j D.£ t J t' ~r.1. 1 ..I. i- .v _ \ ·T J' ~--j e;...i..c ,.J uo~ lo ea · l • a.c · bl L l . •nwJ JJ~.t'I'IJJ!) s • DSJ!::>.6_ I c. ~-- ns [1 l. , • • ,. ~. f• I.I ~"... ~.. • · 11 -• t<: arro >J t.i:.. ~ - . .l Cf • Jffi (> j)1 r • rlj ' f! J.: . :t ~ .t .i:ru.t .c T • r{j ..r, .1,,,1 , , ':) e. - -~ - .... [ i 1 J JO - c1 u "! .b!l . l . srl l �i '/ 9 pursue accounting as a profession to plan for graduate training in one of the several fine graduate schools of business and finance which have been developed witbjn decades. This is, incidentally, in keeping with the general views of the American Association of Collegiate Schools of Business. The decision 'With respect to the accounting major in no sense reflects a decreasing concern on the part of the College with the broad field of economics and business. It is in fact our feeling that the Centre offerings in this general area should be enlarged, and that a larger portion of the student body should be encouraged, on an elective basis, to study principles of economics and to acquire a larger understanding of the economic basis of our modern society. In order to teach more effectively the all-important introductory course to economics, it is of utmost importance that we make it possible to reduce the size of classes in this course. Our new departmental chairman, Dr. Ja,mes Douglas Brown, Jr., bas full support of the Academic Council and from Dean Heck and Iey"self in his belief that we cannot provide sound majors in economics and business admjnistration without increasing the numbers of sections in introductory economics and adding courses at the advanced level both in theoretical economics and in business organization and adm:fnistration. have accordjngly conducted a substantial search for an additional added to this department. I08ll We to be Happily, in a very tight mark.et - economists being in great demand both in business and the government as well as in the academic conmn1njty - we have found a very capable and attractive young man who is this year completing his Ph.D. in economics at Southern Methodist University, following an undergraduate major at Austin College. We have tendered h1m an invitation to join the Centre faculty, and recommend confirmation of his appointment. Recommendation - That the appointment of Donald Q. Webb as assistant professor of economics and business edministration at the salary of $6,000 for the academic year 1962-•63, be authorized and approved. -6- �• • .- • .,./ ... .!'.• .... 3 l,1 u 98 i: £ ilur) 'J:o • ' - 'l • ~ .!!98 •• .11.r . u · rr.i: t. t110· · .e I r • OfIO!) CJ lv .s . ·r +1() "'!.J",. • ~ :,rlv .t vI i: ri l.1; - . j- • . '!Om n: J3 "' • • £; " J: fj . ..., ~ .DJ .s I ' ... <) • . .:t a srl m,o 1 ,, .r. rd a.c. · ~ · t ... ... • r e a~(,. o .. 11.1:r I ..L 1 .. . ... ...,. ( 11 e t .. ... i ~ 1: 6a • ..I' ,L V r! • u .. • r • a •••• iJ • f'f.ilO b ,. f: ' .0!!.8 Id .8 "7.9V • , r. t • • !J. .:. .. us rl,t j- .tJ J.' n.t ' • ( r 0 • J 'J f .,/ J. f I• • J'J!!O .. u• .S".id' • ! J • ) 'I' • r • ~ tJ )eta .r:s • - Jt 10=:, • •• tJ: ~ ,d - - - •• ~ . r1J· ' . . I f .br1 · ao.b o 1: '.. C'{; • ... ' .u • f!O.r rlj ·o± ' >• a �1-80 The other area of the curriculum which has commanded our deepest attention during recent months has been the physical sciences in general, and our of~erings in physics and mathematics in particular . This review has been in order for some time, and has been ma.de an urgent necessity by the death last summer of Dr . Earland Ritchie, long time chairman of the department of physics . For the current year an interim appointment of a recent Centre graduate, Mrs. Alice Kimbler HankJa, has enabled us to carry forward the work of the department temporarily . However, our long range needs, if we are to maintain an offering in the field of physics vlhich is adequate to today's requirements, will involve us in a substantially greater investment in salaries and departmental expenditures than heretofore . Physics is, of course, the area of the physical sciences in which the greatest advances are being made today . Capable teachers of physics are at an almost unbearable premium in the academic merket, inasmuch as we are competing so heavily with i::dustry and government . I:loreover, any university department of physics today, and the progressive undergraduate college physics departments, are maintaining the breadth and quality of their work by substantial subsidies which come to them through research contracts which come to them through such agencies as the National Science Foundation and the Office of Naval Research. It is almost impossible to secure a competent physicist who does not have some opportunity to pursue a program of research concurrently with his teaching . Centre faces a near-dilemma in this area just now. Our offerings in the related fields of ma.thematics and physics have been very limited in comparison with comparable institutions for many years. We have at this time, and have had for ma.ny years, only three men to staff the two departments . Adequate preparatior for advanced work in physics is calling today for more extensive work in mathematics, and the demands of the graduate departments of physics on the undergraduate preparation of their majors are substantially extended also . -7- , �• a: • • • • 1 • • ... 1 • • • • u • r • .. • iJ [Jr • IT .. • .,) .... - • • -- • I • J • , .. • • • . • . • • t'!I• • • • • ♦ • • • .. .... ... ... • • l:)I •• " • • .!J C,j • • 3 • f • • r '( • • • - ! , • yf 8.l! • .. • v • • .... • ,. • • .. • p ..... . ) . lz ., - • . .ua .. I a • • • - • • •.c • ..... t - • , • :)1 • • 'f J,, •• , - • 1 .. .., • • ••• • • .. .L L • • • • • • • I • • l .B .1. .J. • •o -· V f: • • • f , -- l • • J .. r .. n. 0 • • • :r • ,. .... • •• .. fl .. • ·.L f • 1 • .. . 0 - • . 1'! V • .... ... • • 9 .-) • .L .(. • .. .... ... r .. • r • - ' • V • V .C 1· . •• • • �• I Having consulted ,nth lmowledgeable persons in the field, we have been driven to the conclusion that Centre has one of two alternatives . Either we should discontinue a major in physics, and offer instruction in thi s field at the basic level, or we must extend our staff by at least one addi t i onal per son iromediately, with the probability that we should go soon to a total of five persons in mathematics and physics . Moreover, in order to attract the quality of men ,,ho can help us to offer an adequate major in physics for the future, we rust look for persons who can and ,nll expect to have opport,lni t i es for subsidized research during the summer months, and probably for pursuit of some research throughout the year with external subsidy which wil l all ow for the appointment of additional staff on a "relief of time" basis . This dilemma of the undergraduate college in consideri ng the preparation of physics majors today has been examined thoroughly by Professor George E. Pake of Stanford University in an article published in the October 1961 issue of the American Journal of Physics . Dr . Pake's views support the gener al posi t i on which we feel that we should adopt at Centre . Alluding to C. P . Snow's well known thesis regarding "The Two Cultures' characteristic of our time - the humanistic and the scientific - between which he asserts there is today an unbearable gulf, Dr . Pake hazards the judgment that "the four year college offer s the most favorable environment we have for welding the two cultures into one" . This problem can and vTi.11 be explored more fully with the Commjttee on Academic Affairs . However, it is our considered judgment, arrived at after thorough and careful examination, that Centre ohould continue to offer a strong ma.jor in physics, and should strengthen its offering in mathematics to support the current level of work being done in the best colleges in the physical sciences . To accomplish this will require an enlargement of the salary budget for the department of physics and mathematics by ten to twelve thousand doll ar s immediately, making possible the appointment of a replacement for Mrs . Hankla -8- , �.. . • • • " .. • . .. • j .l •• - • r ..c • • • . •• - -- • .. • • ..l I .. .' • u - • • I • • I - !. • • - • t • • ... ... • ' r;o·r \. .I • • • • • , .:oa ( · .i: ) .l • ... • . - ..,\I . • - r • • - .[ . t fl . . ...,. ,. • • • • •. j n.s • .e r • "j_IJ:) • .[ 8'!S ..[ " • V • .. .. • [ • ' 0 • • __ v a I. .I Jft ... • .. ·o.r.or • • .. • • . • . - • • • .. • f'. r • Y. • r I • 1 • • I Cl t "' • r • f r I I rl ( ' <.. .. •• • • I • \ J· • • .. •.:. A • • • • • c:f.s.. £10 • • r I. • •. ..J. • • [ • • .. • 0 't ,. - . ... • L • • • • - - • - • • 1 J.\.. r "' I '- • .. ( - .. • ... • 'I r • • • • _[ . • .. ., I u [ •• ,- .. • l . r •• • "") - J. rt"' • • ,J.; 1: • r • i I .J - .. t • • • [ ..t: .L .. • • (" :) .. l • :>'I ,. .- �• • • l I at the senior level and the appointment of an additional full t ime p er son qualified to teach and to attract research support in physics . Moreover, i nasm uch as we cannot anticipate receiving external subsidy for such a research p r ogram for the initial year or two of our enlarged program we must be prepar ed to subsidize from our own resources research activiti es for the staff we would seek to recruit . For this purpose we estimate the need for, and our budget recommen- dations will provide, a special provision for research underwriting in the amount of $8,000 for the 1962- 1 63 fiscal year . Recon:nnendation - That the President of the College be authori zed to recommend the appointment of two faculty members in physics and/or mathematics at the ranks of full professor or associate professor, at a cost estimated to exceed 1961-62 budget cormnitments by $10,000 to $1].,000; and that pr ovision be made in the budget for research underwriting in the physical sciences for 1962-63 in the amount of $8,000 . We shall be fortunate if 1-1e are able to find adequately cven·-\.Ti th such provision . Our q11al ified persons greatest hope lies in the possibility that we can attract for the senior position a Cen~re graduate of the class of 1949 who presently is chairman of the department of physics in another institution . ShouJ. - we be able to bring this person to Centre, it would be our understanding that he would be given a reduced teaching load for the initial year or two and would be assigned duties in addition as research coordinator for the natural sciences, incl uding physics, chemistry, biology and mathematics . Under this latter assign- ment, the new appointee would serve all four departments in coordinating the preparation of research proposals to appropriate agencies and in furthering the favorable consideration of these proposals with the potential sponsors . In tvo other areas in the College, additions to the faculty are essential this year to take care of increased sections growing out of increased enrollment . There are in·:•biology, where the present two members of the department are carryiD.l. overloads this year, and where the enrollment next year will necessaril y be even larger,and in history, where a similar situation attains . The history appointmen would be associated also with an adjustment in languages . It is anticipated that • -9- �- • ! . •• • ') • V • • , ... C!P .. • r • • ( q .. j • .. ... • .r f:s ' • '\ • • ... 'r ..c .. '"'\ I.., • • " ·u i: • ~ - .. .... .. _r"j . • rrr 0n t I L... ' ' .- r "t e1 .. .. • • ' ) • • • ,J - - .. - • !O J · :J n ltlF • ~ - ' ., ....... • e, • • • .t - • ,t 1..L ·r ~ • .. .rl 9( ... (. ... \.. ,. ' .L • • .i: •. r.. n• . ,.. • r \ • • 'J: • C 1 • sJ. ,__ t ' • • r; - • • • r • r. • • , • n . • .... - • I.:. • • • J.: .. . • d • r- . .. • • . .[ .. ! 1-.J r rs. .. · J() • • • cf .:}\ r • • • .J.. •• .. r .. c:. ~ ,i l • J 10 • ~ \v j.t .J.i J .... • '-' • r . I _.., # ' j • • . ... !l" • • .t • 1 • j D • t:" l .. • • .. • ... • ' 0 • • • ') • "l: l - -• • ... v;d' "" t. • • I • • • • r • I. 0 • • • [1 • -m # • ... ( • OJ.., • • • ,i .. • • • \ • . • C • • • "! �183 1 we should make an appointment in each of these departments to provide for enlarge~ enrollments in both, one of the appointments being a replacement for Dr. Carl E. Misch, who has taught both German and European history. Dr. Misch has been invited to teach next year in the Free University of Berlin as a visiting professor. Although he will reach the nonnaJ retirement age of 65 at Centre during the year, it is our present thought that we should look forward to his further appointment on an annual basis for 1963-64 follovTing his return from Europe. His great abilities as a teacher will be further enriched by this year of experience in the contemporary life of his native country. Reconnnendation - That the creation of an additional position in the department of biology at the rank of instructor or assistant professor be approved. Recommendation - That the creation of an additional position in the department of history at the rank of instructor or assistant professor be approved . Recommendation - That Professor Carl E. Misch be continued as professor of history and German for the academic year 1962-63 and granted leave of absence without pay for the year to enable ~im to accept appointment as visiting professor at the Free University of Berlin during this period. In addition to the two situations already described, replacement appointments will be necessary in English, where the acting appointment of Mr. Uerry David Madden will tenninate this year, and in philosophy, where we must provide replacement for Dr. Terrence E. Tice . Mr. Madden was appointed on a temporary basis to Centre faculty, inasmuch as he fails to meet the charter qualifications for regular membership in the Centre faculty due to lack of an affiliation with a church of the reformed tradition. Dr. Tice, who came to us only last September, has to our deep regret tendered his resignation in order that he might accept appointment to the position of theological secretary for the Presbyterian World Alliance in Basel, Switzerland. The tender of this appointment to Dr. Tice constitutes an unusual honor for a man so young, and we could only encourage his acceptance of it. We do regret very much losing him from the Centre community, inasmuch as he has already proved himself to be a thoroughly stimulating teacher - -10- , �.. J.r 0. f1.' b mJ • f 1 • • • - J .i:tT t . • r . c . l s .._( • • • :J"cJ l • • 0 - • L ..... • • l - .r • .:£1. • l .. • • C .t • - l _f ! C • t. • • • • • • I ..0 .I. • C • .Cl . , l.v , • • .. ... r • • r .. ., r ... • • ·_Cf '!O j: • l. I • ) • • . ;. J.:J ... { -- .~• C ~. q j -. • • .f . .~ ..... • . - .•( • 'J. 8 ·- r" !,(T; 1 • ~i ' ' c ... • • .l ,'1 ,. I • f.0B.3 l ~ ' •• . LO.i:"ic • l1I..J. J .,.. q..,. ~ .&. '\ J ...... ~ r . • l "{ arr .t 1: J ,. .. ~ ' .. • r f! r 1 ( ... • l •I 1 . 9'I • • • • _[_ 1., .L • • J • •• • J 'f' .. .. - •• .l. ' • • - J • J f! ) .. ,_r -r ...• , • • r • • • J !).f J r • • • ., ' ~ • .- · · sd l . • 4rf .., - • • • • r ·'- ... • .t • ... .. T • • a - El • • (;.... l. •• J. .. .... t , ~ • J • " • ,.,. • - - [ • - •i. ·1. [ • - • J t,. .0 • . .- r • f .. l m ·r • 1.; - 1i n . - �184 and colleague. • l Happily, we have already located a capable replacement for that position, the Reverend Donald E. Crosby, who is currently finishing his Ph.D. in philosophy of religion at Columbia University and Union Theological Seminary. Mr. Crosby is a graduate of Davidson College and an ordained Presbyterian minister. Reconnnendation - That the appointment of Donald E. Crosby as assistant professor of philosophy and religion at a salary of $6,000 for the 196263 academic year be approved. Our proposed program for 1962-63 anticipates leaving vacant for another year the position in anthropology and sociology. We have not yet found a singularly attractive candidate for this position, and we feel that it is better that our Jimited resources for the year be directed toward the achievement of more promising 1rmnediate accomplishments in economics and business administration and in physics as described above. One present member of the faculty, Dr. Alden G. Vaughan, is currently on aun,,aJ appointment, having passed the age of 65. The quaJ ity of his teaching in the classics and in general b11mani ties has continued und1 mi nished, and I highly reconnnend the approval of his continuance for a further year. Reconnnendation - That the contin\>ance of service of Dr. Alden G. Vaughan as professor of classics during the academic year 1962-63 be authorized and approved. Based on reconnnendations of the appropriate department and the Dean of the College I uish to recommend four promotions in rank for the year 1962-63. It is proposed that Dr. Roy Ellis be advanced from associate professor of physics to professor of physics. Although Dr. Ellis was advanced to the rank of associate professor only two years ago, having been long delayed in the completion of his doctorate, he is now qt>aJ ified both by age and experience and by the value of his services at Centre for the rank of full professor. He has turned down offers of appointment to the full professor rank elsewhere on terms which would be financiaJly advantageous to him. -11- This is not the basis for my , �• • r • • • . [, l .&.. • .. • • ' • J • u ') • r • • • • r • .. • • r .. .. • , • • • • • • �• I I reconnnendation, but is reported simply as evidence of the regard with which he is held in his field. r.i1r. Bei-•trrun Kelso, no,., assistant professor of music, has served this year with demonstrable satisfaction as chiannan of the department of music, having succeeded the late Professor Dwight Steere. Centre since 1953. Mr , Kelso has been at He holds certificates from the Royal Conservatory of Music, the J 11JJiard School of Music, the bachelor's degree from Centre College, the master's degree f r om the University of Kentucky, and two years ago pursued a year's study in residence at Oxford University while on leave from Centre . has been at the rank of assistant professor since 1957. He His promotion is ful l y deserved. Miss Emily Reeves, assistant professor of education, has been at that rank since 1955, when she ,,as first appointed to the Centre faculty. Although Miss Reeves holds no degrees beyond the master's degree, she is widely recognized as being one of the ablest college teachers of education in Kentucky. She is held in equally high regard by professionals in education and by her colleagues in the various academic fields at Centre. My fine) reconnnendation is for the advancement of Miss Kitty Elaine Rogers from the rank of instructor to assistant professor of physical education for women. Miss Rogers came to Centre in 1959. She holds the master's degree in physical education from the women's college of the University of North Carolina, and holds officers of responsibility both at the state and regional level in her professional associations. outstandingly successful as a teacher at Centre. She has been She fuJly merits advancement to the rank of assistant professor. Reconnnendation - That the following promotions in rank be approved, to be effective September 1, 1962: a) Dr, Roy Ellis from associate professor of physics to professor of physics; b) Mr. Bertram Owen Kelso from assistant professor of music to associate professor of music; c) Mi.ss Emily D. Reeves from assistant professor of education to associate professor of education; d) Miss Kitty Elaine Rogers from instructor in physical education to assistant professor of physical education. -12- �, . • • { t ' .. . • • l . C • ,J ,. • ' • • ' • • • ...... 1 • • • - • • • ' • ' ,I r .. • I • • ... - • • I f • ' '~ .. "'I .. ... • r • t ' • .. r ..1.r • I • • .J -t • • • } • • .. • • r ... • 'i I ,l. ( • r r • • I r • t • • , �• 186 l One important aspect of the maintenance of the basic academic strength of any college is in the q,1a) ity of the stud~t body it enrolls. We have been making steady progress over the past several years in raising the minimum levels of acceptance of students to the College. growth in enrollment. We have also begun a slow program of However, we are now at the state where we need to aceeler- ate some,-1hat our program of recruitment in order to continue the upgrading of the student body concurrently with our proposals for continued enlargement. This can be most successf,1J ly accomplished by enlarging our cormn11nj cation with good J;)repnratory schools and high schools in areas within our reasonable range. We should be maintaining more extensive contact with good secondary schools in such nearby states as Missouri, Illinois, Indiana and Ohio, end in Western Pennsylvania. Mrs. Silcott, who has served as an admissions counsellor for several years, is being retired this year. It seems wise that she be replaced with a capable yo11ng man, free to travel extensively and qualified to represent the College effectivel: in communication ,nth prospective students of both sexes. \·l e have been fort1,nate to secure as a successor to Mrs. Silcott, Mr. William Barry Dixon of the class of 196o, who is currently employed in a responsible capacity in promotional work with the Genesco Corporation. Mr. Dixon will be available to assume his duties on the first of May. Recommendatdion - That the appointment of Mr, William Barry Dixon as associate director of admissions at an enn11aJ salary of $5,000, to be effective May 1 or earlier if feasible,~ approved; and that Mr. Dixon be added to the list of those eligible for inclusion in the College retirement annuity program upon the conclusion of one year's probationary employment. In many, many ways we need to be pursuing thoughtful and continuing exendnation of our program and our means for its achievenent. The importance of institutional self-study has been recognized in recent years by our regional accrediting association, the Southern Association of Colleges and Secondary Schools, which now asks that all member institutions undertake a self-study approximately every ten years. Centre has responded affirmatively to the -13- , �• .. I ..., • • • - • • ..l r • ... • f • .. • • J • .1. I 1 r • • • l • •. • • .L .. • l • ... • • • ... • • ' r. • • • - • • J • • • • f .. • ... t f • • • • • • • .a f - I t r • .. • l • • • J • l ., • • .. • 1 , �• • I ' invitation of the Commission on Colleges and Universities of the Southern Association to undertake a self-study during the 1962-•63 academjc year. As the Association points out, "Institutions should recognize that a self-study is a major 11 ndertaki ng. It is time consuroi ng and involves some financial outlay. It is desirable that funds be appropriated and that those who carry the heaviest responsibilities in directing the self-study should be relieved of some routine responsibility and have such clerical assistance as is needed." With the enlargement of our faculty next year as proposed, it will be possible for us to place one or two members of the faculty on a slightly·reduced teaching l oad in order to undertake the principal leadership in our self-study. It is our belief that other costs of the self-study can be absorbed within the normal provisions for adm1nistration of the College. The Southern Association makes a particular point of recommending that such a self-study have "full authorization and support 11 by the Board of Trustees and by members of the faculty. Reconnnendation - That the Board of Trustees commend, authorize, and give its assurance of support for an institution self-study of Cent~e College to be conducted in cooperation wtih the Commission of Colleges and Universities of the Southern Association of Colleges and Secondary Schools during the 1962-1 63 academic year, with preliminary plans to be developed during the s 1nrnoer of 1962. WOMEN'S DIVISION The removal of the women's residences to the main campus of the College has been so recently accomplished that it is impossible fully to assess its impact. The general impression of everyone concerned, students and faculty alike, is that the consolidation of the campuses has provided a much greater sense of ,101ty to the campus, and affords greater possibilities for coordination of al) aspects of campus life in the future. It should be a thoughtful concern with us that in the process of consolidatio~ we do not forsake or lose the advantage of some of the very fine traditions which have characterized the program of the women's college throughout the past years. The effective functioning of the women's honor code is one case in point. -14- �• t ' t • • ' I • • , • • • • • • • • • • r • J ,. l • J• l t • • • �Another asset which we hope to continue to use to the fullest is the esprit de corps of the fine group of allnnne.e whose support over the years has meant so much to the women's program of the College. Although the Alumn~e Association is being merged with the Alumnj Association, we hope to encourage the continuance of such special groups as the A111mna.e Garden Comm1 ttee, it is our hope that we can make extensive use of this Connnittee in planning the landscaping of the new vromen' s campus. Further reference will be made to this in connection with the Committee on Buildings and Grounds. Earlier in this report I referred to the fact that ,-1e will be discontinuing as of this year the major in home economics at Centre. Th.is is not due to any arbitrary decision of the faculty, but due to a declining interest in enrollment in home economics at Centre, ,- hich in turn has tt-ro basic causes. 1 First is the fact that any student who has a clear intention of taking a professional major in home economics is better advised initially to enter a nnjversity which provides a much broader program in this field than is possible within the framework of Centre's program. The second, corollary to the first, is that women students now enrolling at Centre have only a limited i nterest in courses traditionally feJling within the field of study classified as home economics. Our course offerings e.nd enrollments for next yee:r ,-1ill provide something less than a full time load for Professor Catherine Nichols. Whatever may be the lightness of her teaching load, it has been more than offset during the past several months by the very extensive work she has been called upon to do, and has performed so well, in assisting the officers of the College in plans for the interior decorating of our several new buildings and in the implementation of those plans. The consolidation of campuses does lead us to the necessity of reexamining some aspects of the organization and administration of the College program. Obviously, in the years a.head we shall wish to achieve a greater coordination of the oversight of student life for the campus as a whole, particularly in -15- �• ' . t ' • • • ' ' • I , • •• • • • . , .. • • - • ,. • • ' • . • • \ • • • • I , ... • • �. .. the areas of student government and the social program. Dr. Mary Sweeney has asked to be relieved of her responsibilities as Dean of Women following the end of the 1962-'63 year. This fact gives us further cause to devote ourselves during the next several months to an examjnation of the proper organization of the residential, social, and extracurricular life of the entire student body. In this study I shall particularly look to the Trustees' Committee on the Women's Division for counsel and assistance. I �• • • 1 C ... • • l • • ' :r 'I . • • • • • •• I • •• .J n • • • �• I I STUDENT LIF'E The opening of the doors of SUtcliffe Hall to campus-wide student activities just before the Christmas holiday marked the introduction of a most important added ingredient to the quality of the residential life of Centre students. Gradually and steadily the students, both men and women, are coming to look to Sutcliffe HaJ.l as a most desirable and appropriate place for the enjoyment of their fleeting leisure moments, for the orderly conduct of the various functions of student government, and also as a most attractive and comfortable place for relaxed study. A regular count of students served in the snack bar indicates that better than 75% of the students are in the building at some time during the course of a typical morning. A demand for use of the general 10,inge space in the building for study purposes has become so great that we are already undertaking to extend and enlarge the lo11nge capacities of the combination loungebaJ J room. Mrs. Robert Webster was employed during the fall to serve in the combination role as secretary to Dean SWeeney, who is presently officed in Sutcliffe Hall, and as general hostess for the building. Mature women hostesses are also on duty during the remaining hours of the evening when the building is open. Sutcliffe Hell is open from 8:00 in the morning until 10:30 in the evening with the exception of the period from 5:30 to 6:45 p.m. during all these hours. It has steady use So far the one observable limitation in its utiliza- tion is that very few general social events are being scheduled in the Hall • ~is is due in large part to the fact that the fraternities and women's residences are also enjoying the opportunity of making full use of their new facilities, and feel little disposed at this point to exploit the opportunities which SUtcliffe Hall offers for a refreshing change of locale for small dances and parties. The weekly campus series of classic motion pictures has been most successfully presented in the Sutcliffe HeJl lounge, and the various -17- �.. • • • • ' • , rl • 0 . • r ) I • l • .. • tf • • I . • . ' • .. • • • I • •.r .u. a • • • • • .. • I •• • - • • 0 1 1 • .... ' - .. • J • .I. I C ' I \ • • • " • , ., • r 1 • • • ' • • r • • r • I �student e.dministrative boards are using the McClure Room extensively. The availability of the meditation chapel has stimulated the Centre Christian Association to conduct twice weekly morning meditations at 7:15 o'clock. These have brought a gre.tifying response as well. '!he fraternities are now becoming settled into their new homes, although one or two of the groups are still chafing under delays in the completion of their programs for decoration of their lo11nges, recreation areas and chapter areas. Although two houses were vecy reluctant to abandon their old quarters as the time for the move approached, it appears at this point that all six groups are without exception finding real. satisfaction in the comforts and convenience of their new homes. The fraternities have also been substantially involved in adapting to the new regulations affecting rush and pledging procedures, The quota on membership which was imposed by action of the Executive Committee last a1umoer seems to have been only partieJ..ly successful in achieving its objective of helping all six fraternities to secure adequate membership to fill the residentiaJ. capacity of their houses. Of the two fraternities having the lowest membership last June, the Phi Kappa Tau fraternity was quite successful in enlarging their numbers. They attribute their improvement not only to the quota system, but also to the rule under 1-1hich pledging was deferred until the second semester. For various reasons, which seem unrelated to the rush and pledging regulations, the SAE fraternity unfortunately pledged only five new men this year. They will, accord- ingly, face a real problem in providing full occupancy of their house next fa.11, and anticipate the necessity of arranging with the College for the assignment of the College of eight to ten nonmember residents to the house for 1962-'63. The fraternity does not appear to look upon this with any particular apprehension, however, and even feel that it may be of some positive value in enlarging the membership of the group. -18- �• • J • • .. .. • 1 I j, • • l . ' • .. • )J ... . • • .... • 0 1{0 - C . • I • \, J • .. I • • .., • • • [ • ' •• ... .. • - 'r , ..,L. ... ... ' - ajr ') • ':\ .[ j • J!!J. ' l l .. ·! t r • • • • • -'Y s rI .,) 1 . • .. . • j . .(.} • i( I r• .I i. .\ lJJI'' • .. • • I • r r • 1~ • .. fn • t l , • I od' I. ·rt !JI ~X 1 .. .L J . { • • • CI ' - , ( • �iS2 • I 1 At this point the number of actives and pledges of each fraternity is as follows: Beta Theta Pi Del ta Kappa Epsilon Phi Delta Theta Phi Kappa Tau Sigma Alpha Epsilon Sigma Chi 4o 39 45 31 21 39 Although during fell months considerable dissatisfaction was expressed on the arbitrary limitations placed on the size of fraternity membership, the Interfraternity Council has now voted in favor of continuance of the quota system. They recommend only one revision. tation on membership (now In lieu of the specific ii,unerical limi- 45), the IFC has recommended that the maYimum number of actives and pledges in any single fraternity should be limited to one-sixth of the total male enrollment in the College. This closely appro~1mates the ratio established for the current year by the limit of 45. I believe the recom- mended change is both sound and desirable, in view of the fact that we anticipate a somewhat larger enroJ)mP,nt next year. Recomrneumation - That the recommendation of the Interfraternity Council to amend the limitation of membership of individual fraternities by establishing the 11m1t of total members and pledges for any single fraternity to one-sixth of the total male enroJJrnent of the College be approved. One of the moat gratifying experiences of recent weeks has been the remarkable change in attitude of the students toward the meal service and in their whole approach to the meal hour since the opening of the new dining commons. For many years the dress standards in the men's dining hall have been extremely info • Early in the fall I announced that, when the new dining commons was occupied, al 1 me] e students would be expected to ,-1e ar coat and tie to d:i nnar each week day evening, except on Saturday, and to the noon day dinner on Sunday. This announcement was at the time greeted with as much skepticism on the part of the faculty as among the students, so much so that I had rrry own fingers crossed as to the results of the actual introduction of the policy. -19- However, , �.. . i , .. • r 1 ( • • • I • • .. J- • r • • 9ffi - 9•J •• (.f. • '"J • ,. I JJ:.) J • • • urn • - ... .lJ r .. • • I • • J . t .I .... 1 • . • • J. • . • • • • .[ • J..uI'!l. u f •• ... ct· • J...!1 • l .... • • • - .. ... I . I•\ ( IO • 1.1. • J J J2 • .c ' - • r , • \ .. I. f I • ,_ • • T. i1 • •• • • .., i ! . • • • .. .. ( . .. 0 .. 'l •r 'l (r . • I • • 1 f'l.i: !l 'lOJ: J l;. • rI • • • • • • { ~o jlr ... • • ( • o:r .. • l .... r • , . - .. • �i93 acceptance ot the new standards have been exceptionally good and very gratifying . This evening you will have the opportunjty to witness the results. The other n:ajor development of the school year With respect to student life has to do with our athletic program. In Janua17 we were finally able to announce the formation of the new College Athletic Conference, with membership consistiDg of Washington and Lee University, the University of the South (Sew.nee), Southwestern at Memphis, and Centre. The Conference and its policies have been widely noted and accl~imed. In revie'Wing the program of the College in relation to its new conference couonJ tments, the faculty commjttee on athletics has examined the question of whether Centre teams should be permitted to represent the new Conference in tournaments or contests sponsored by the National Collegiate Athletic Association. The commjttee had specifically in mind the policy of the College, recorded in the mjnutes of the trustees' meeting of October 27, 1956, when it was affirmed "that the athletic teems of Centre College of Kentucky not participate in post-season games." On motion ot the faculty athletic committee the taculty has approved a recommendation to the Board of Trustees that this policy be amended by the addition of the following: "except those contests sponsored by the NCAA in which a Centre team or individual would represent the College Athletic Conference." It should be recognized that the NCAA does not sponsor any post-season competition in football. The post-season competition which it sponsors 1n basketball follows 1,nuediately upon the conclusion of the regular basketball season, and NCAA tournaments or meets in the spring sports are held following the close of the school year. It is the judgment of the faculty that the adoption of this amePdment would not result in the :Jnappropriate or undue extension of any season and would not contravene the College's clear intention that the program of intercollegiate sports should in no way interfere ~th the -20- . • �• .r. • C ... I "' 'I, • • • .i. . .) • ' .• .... • r • • • • C •• ,. I • j I '! , I - • • .. ( - • .. l • ' • .... r • ll ' • • , • • • , . . • f , I f • • r r • . • J f - • • .. , ) 'l (, • • I • • ) • • • j • •• • • " 1 ) • • 'f • ' .- • ' l. t • } .r r Jf1 l • • \ • • • ..... I , 1 r r • 9 • l ,. -r ,. • J• l .. , • .t r vr J r • • I I , fj t ... .. • " ., • I J I • • • • • j T �• I I orderly pursuit of the basic academic purposes of the institution. Recommendation - That the policy of the College concerning post-season athletic competition adopted on October 27, 1956 by the Board of Trustees be amended to read as follows: "The athletic teams of Centre College of Kentucky will not participate in post-season games, except those sponsored by the National Collegiate Athletic Association in which a Centre team or individual would represent the College Athletic Conference." BJILDINGS AND GROUNDS Later this afternoon the members of the Board will have the opport11nity to tour the camp\18 and to view the new additions to the campus. I hope we shall also have the opport11njty to look briefly at the academic buildings, especially the Old Main building and the Library. I believe that it l-dll be found that these older buildings are 1n a reasona.ble state of maintenance and repair, consistent with the limitations of the basic nature and construction of the build1ngs. It will be observed that in the Library certain books are presently shelved 1n the hallway, even though three former faculty offices have been converted for use for additional book storage. This bas been accomplished by moving some members of the faculty to the temporary building formerly houseing the "Hangout", which is presently being referred to as the Old Main Annex. In spite of this additional space we still have books from the LeCompte De.vis collection stored in the basement of the old gynmasium. We have the llkeJjhood of acquiring soon the fine personal library of the late Professor Joseph Proctor Knott, and we continue to ha.ve the necessity of acquiring two to three thousand new vol\unea annually. The shortage of library space is a.cute. The shortage is not confined to stack space. At present it is not infre- quent in the evening to be 11nable to find a single vacant seat in the sole reading room which our library provides. This condition exists even though many students are now withdx,awing books and going to Sutcliffe Hall to read and study. Moreover, the conditions of storage and accessibility of our periodicals is below any m:Lni.JlllJm standard, and the organ1 zation and control of books placed • • • , ' . . . ,. •• • • �·J: . i .u 1: • .. - .. ' l .. 't • l • L • • l I ) ..l l I ' • • v .• V-. • .. ) • J. • l 1 • - ! j • • .r • a. ... • t • . i l • ... • ·r.. . ~(JJO j • • .. - .. J ... • N • - J:: J !1 :) .. • • • • - • • cJ • 1.,G !l, f • 0 • .. - • C - r .. i J Iill '! • L • .( J ,. • J .. - " • .;. r.., 1 . .• :) .. .. • J • • A ) J i • • r r - l , • • - ,. .... r I • • () • .... • • ..L �. on reserve greatly limits the utility of this standard library practice . • In every respect the existing library facilities are below a reasonable standar d for a college of Centre's commitments. Recognizing this basic inadequacy of our program, we have not yet arrived at • a well founded decision as to the best approach to solving the problem. There is the thought on the part of some that the existing library building can be expanded to remedy all existing deficiencies . This appears unlikely to those who have studied it most carefully, but it should not yet be discarded as a possibility . ing . A second possibility is the construction of an entirely new build- A third possibility, which would be rendered possible by the immjnent availability of the present high school property for classroom use for the next few year s, is the complete and thoroughgoing internal reconstruction of the Old Main building as a completely fireproof modern library with related resources for faculty studies and seminar rooms . It continues to be my judgment that we should not undertake to make any ultimate decision on the means by which our library need is met until we have more fuJly defined the functional purposes which we would hope to accomplish by a library building program. For the past year, at my request, the faculty committee on the library has been reviewing the nature of our library needs. They have arranged to visit the libraries of a number of other liberal arts colleges of high standing. qualified professionals . They have studied the recommendations of various They have not yet, however, come to the point of developing a clearly defined program of needs for the Centre program which could be subject to study by qualified professional and architectural consultants for examination and decision by the Board of Trustees. In spite of the urgent need to get on with a solution to this problem, it seems only wise that we make haste slowly. At this stage I am prepared only to suggest that the trustees faml.liarize themselves more fully with the problem and with our needs, -22- �• I • • - • • •• I- • I . •• • • .. • • .. • • • r - • • • • T' • J {) ' • .... • . ,.. • • ( • • • • • • • . .f C • j ' • • • • L ... a • ' • f • .( .Lo • r C • • • • ! • • ... 1 ' • - • ... • • • • • , ,. J. • J_ J I • • • • • • J �To this end we have arranged for a meeting at 8:30 this evening of the Committee on Buildings and Grounds and the Commjttee on Development with members of the faculty library corom1ttee and with Dean Heck. I hope that within a few weeks we will have come to the point of having a clear definition of our own faculty's needs for library resources and facilities. At this point I believe we should bring in for consultation a qualified library consultant, preferably chosen from the panel recommended by the American Library Association. Only after review of our program and a definition of our needs with such professional assistance should we undertake to begin architectural studies, whether our purpose be to extend, to remodel, or to build anew. I do earnestly invite the most thoughtful consideration of the Board of Trustees to this problem, recognizing that a superior program of liberal higher education today is impossible of achievement without superior library resources and services. Recommendation - That the President of the College be authorized to retain a consultant on library planning, chosen from persons recommended by the American Library Association, to consult with the faculty comm:lttee on libraries, the officers of the College, and the Board of Trustees in achieving a clearly defined program for meeting the pressing library requirements of the College. An urgent need of the College is the development of the Infirmary and Health Center, for which a gift of $50, 000 has been pledged by Dr. C. H. Parsons. Now that the McReynolds cafeteria has been vacated it is possible to proceed with final plans for the health center and, if costs are consistent with pledged and available funds, to its construction through the remodeling of the McReynolds Hall first floor. I hope within the next two to three weeks to have com- pleted pre]jmjnary plans for this conversion for consideration by the Construction Commjttee and the Executive Commjttee as authorized by the Board of Trustees last October. It is greatly to be hoped that this project can be brought to the position where the remodeling may be undertaken during the ai,mmer, ID8-k1 ng the infix·nary available for occupancy in September• -23- �• t .. • l • - • • ... 1 i .. \, .:, • ) - T 1 ... ... •• ... • J j )' .L I. ' ..' - • ~ ,. • '£ Oc. ' 'l • I \ .. f • . , .1.1] :b f "'( ' f • f \ i ' •• • I , f " . [ • ·,. I J .. l SJ 1 • I s , r , • I. • • 1 rl • • r .) rr t 1 - · IIJ J • ;) 0£ • t ' J. •.lO "' (1 •J •' .0 'l I .. .[ • ··_u.I ' • ' r .... D ro dr l l j t V _,jj J '- ' q 0 .. 0 • \ SJ ... I J- • l. • • • ) bo •. -.t • .. J J .l - • r • r •. t f .l r. r \) .[ J. - urq "f J url r • r .... LJO. .'). J. ... n..t.. .i. • .!. 1 "' ! :j .. • .., \ 9 • • J C • .... .13 1· •< [ • ' • • • 1 t • r I • • ' • • .. Vt • . ... 1.. .... r �. • Our most pressing needs for the completion of the new campus facilities are the construction and paving of the remaining walks connecting the new buildings, and the proper landscaping of the women's campus and the areas surro11nd= ing the dinjng commons. Our construction budget allows $5,000 for these purposes. This has been augmented by a bequest of $1,000 from the late Mrs. McBrayer Moore. We have delayed the development of a final landscaping plan awaiting recommendations from our architects, Murphy and Mackey. They have now recommended the retention of a landscape architect located in St. Louis. The retention of this specialist would involve a substantial professional fee, and his distance from the campus would require us to pay substantial travel costs if he were to give adequate supervision to the actual implementation of a plan. It is now our feeling that we should move independently to retain a supervising landscape a.rchitect. It is also our plan to utilize the advisory service of the alt>mnae garden commjttee in the final adoption of a program. Recommendation - That the College retain, if a suitable fee basis can be established, Mr. Campbell Miller of Louisville, Kentucky, as consulting and supervising landscape architect for development of a landscaping plan for the campus and that landscaping of the new women's campus and the area of the new dining commons be advanced as rapidly as possible within the limits of existing funds. The College has now disposed of the three fraternity houses other than the former Fhi Kappa Tau house (now Boles House), in which endowment · unds f have been invested. Remaining to be disposed of is the Phi Delta Theta house, to which title is vested in the College, but in which the entire equity will be for the credit of the Phi Delta Theta Corporation. It is to the interest of the College that a favorable disposition be made of this property. One contin- gency which threatens the most favorable ultimate disposition of the property is the fact that the narrow tract immediately south of the property facing on Maple Avenue, owned by Mr. Germann, is actively on the market for sale. The width of this strip is slightly below mininn.1m standard for a building lot -24- �f - I,· t • . 1 ' • • J J . ,.1 tb ... r • • - - • 1 t • • • j j , ... C r l • ) I ., r .J • I ) ' • l • f 1 ► • • • • .( • ..l. ) l) , a • ' • - V r ,l - 1 • • .t . C .. t J ' • v· "'1: 1• l C • ,., • • - 4 - • • I . • • • - • • J'I • • f .!. I.. • • J •..L. l: rl \ • I '• • C: l I .l .) • • r • • "I . J j ( J. • • .. :J[ • fl • r.; I '\ • l • 1 • • • • Il 1t . { J .. • t I V • • .I ' l �i98 conforming to the zoning of the tract . However, there bas ueen some indication that the Danville City Board of Zoning Adjustment would be sympathetic to a proposal for a variance which would allow the construction of a small house on this lot . Not only would such a development greatly impair the desirability of the existing Phi Delta Tileta property, it would make the Germann strip 11 navailable to any potential purchaser of the Phi Delt property . Anyone having a long range interest in its use would in all likelihood desire to acquire the Germann strip; and, if not, the College would be well advised to control that strip in order to be able to retain an interest in the long range zoning of this small block so close to our campus. It would therefore seem wise, if the property can now be purchased, for the College to acquire it, thus ma.king it available for sale to a purchaser of the Phi Delta Theta property, or else for protection of the quality of our neighborhood . Recommencation - That the busiLe ss manager be authorized to purchase the Germann lot on Maple Avenue ilil!Lediately south of the Phi Delta Theta property at a price not exceeding $2,000, to be paid from the plant fund . A final matter which should perhaps be given consideration at this time is the timing of construction of the third unit of the women's residence quadrangle . Due to the substantially higher level of retention of women students from the fre~bman to sophomore year this September we must anticipate that the acceptance of an appropriate class of entering freshman women will force us not only to place women students in the Boles House, as already anticipated, but perhpas to go further and utilize either the second floor of McReynolds Hall or of Hillcrest House . The further projection of our women's enrollment to September 1963, indi- cates that we will be able at that time almost fully to fill a third new unit, having a capacity of 88 students, and that if we do not have such facilities we shall be required to cut back on our planned rate of increment in student enrollment . Due to the fact that there would be no cost of site acquisition, and since -25- , �• • • ' r • f • ,. 'f 1 .T • • .l.. • ' r I Ii ,... • .Cl l J ' 0 • • J • rij • • • .L j • ·r ( t" • t.S • ., ! •• 'J 1 • I v • .- J. • " '- .( • I • .s ' • • r .f • ..t • • f . - f • - • 'l •• ! J J. 1 • • • • • l •. ~ • • .r • ., • • j j I. • ,. .f • • - • J r: r-; f t rll' s·rL C • • ' • • • r I. • • rf · J.. L' • .1 r ... .. • '\ [ l •. • - ..... . .r I.I. · _ : . l bs r. ) 1 • .bo . • • "J • r , ........ • • .. • • > .... [ .) • • j £1. • t • • • ,. ..L C • r • • ..• • • 0 ... f r • • �j_99 • • the costs of meclianical instalJatiOJls would be minimized because the third unit would be serviced from the central furnace room built into the larger of the two existing buildings, it is probable that the construction of this third unit can be fully amortized by its own revenues, and that the building could be built wholly from BB&~ loan funds. Inasmuch as the most effective financing of our longer range program will be dependent to a degree upon the availability of revenues from the larger enrolJment which we have pl.aonP.d, there is much to be said for exploring now the possibility of a loan for the additional third women's residence unit which would enable us to proceed with construction in time to have this building available for occupancy in September 1963. I invite the present views of the Board of Trustees on such a possibility. Of our new buiJd1ngs, all have been named except the dining commons. I shall welcome the consideration of the trustees of the desirability of giving a name to this building at this tjme. One or two possibilities seem particularly appropriate for consideration. FINANCE The steady increase in current operating costs of our colleges and universities is little short of appalling. The preliminary budget which I am presenting for your review and approval at this time projects an anticipation of income for 1962-•63 of $1,253,000 and estimated expenditures of $1,267,000. This represents an increase in income over the current year of $175,000, and an increased expenditure of $200,000. While our adjusted budget for the current year anticipates a net income of $11,000 our projections for next year contemplate the possibility of an operating deficit of $1~,000, which wuld mean a net reduction in our surplus account of $3,000 from the two years' operations. The increased income estimated for 1962-•63 is based upon tuition income from 48 additional students over 1961-•62 (although the enroJJment estimate -26- , �u •.. ~rl. . ow .t ..S<J j '! JO J:n . grr.cbJ. l.110 1 I a • sm ,, I ·-x. .d : S.lf r.i ~ Jffi sa t j-a i. }..a .ci:rI asol a lo ~~·llldlcaoq od • \,:v.i:l..i:d.i:aao:i .s r1!:>.ua .a ae9.tau-r·' ·...J·off a iJ ·""'o ... ·:- J:v o 1::... ro aO • e l j- 0J:j-..._,•'f:.1E .i:a o:... \v9 f! 'iJJO 10 a .id" smo::>..C~,- l l.sria r r.tl.bl.t.ud' e..:r!j o l1i · d'.s S!llS!I - --- Is QI . J. !l:9CfX . - .C JJ '1.lJf" • '"'!IO t.:t.. ' !9 • 1 ~11 ~ n 1J J:.ud r,o ... JJ 0( .to �• I presented earlier actually anticipates an increase of 53); an increase of $100 in the tuition charge as established by the Board over a ,year ago;; modest increases in the endowment income from predictable sources; and a moderate enlargement of the al11 moi fund giving through better promotion. Increased expen- ditures include provision for the first time of full amortization and interest charges on our new residences and djnjng halls, the inclusion in the current operating bud.get for the first time of the ~droinistrative costs of the development office, a substantial enlargement of the budget for instruction to provide for the various enlargements in the academic program previously recommended, and also for contin11ing advancements in faculty compensation. Provision is also neces- sarily provided for the operating costs of Sutcliffe Hall, a happy and worthwhile addition to our budget. A further measure of the increase in our costs of operation is the fact that the 1962- 1 63 budget involves an increase of aJmo~t exactly two-thirds over the budget of 1957- '58. These are sobering figures, but the end is not yet if we are to achieve our purposes of maint~jn1ng a College of high degree. The Board's judgment and decision on the proposed preliminary budget for 1962-•63 should be ma.de in relationship to its considered judgments on recommendations presented heretofore, and with due regard to the reconnnendations immediately following regarding increases in faculty compensation for the comlng year. In many of the stronger institutions across the country currently, the colleges are ma.king provision for full payment by the institution of the premi11 ms on retirement annuity contracts. To apply this arrangement at Centre would call for an across the boa.rd increase in the College's provision for fringe benefits of 5'1, of the salaries of all members of the faculty in service beyond one year. The resulting improvement in "take-home pay" for members of the faculty would -27- , �r .t '\ -· 'I r. -ct 1x ( (.( I! 0 .. ,. S '! • b.a L . . · o... a .r.a .r.vo ~ 'lC l - oa.C .b · Y. (l..sri J:·_ u gbJJcf -r lod- ,:.:,ti oo.i: ... Ii, · R r;5c o . V,.tlu!'J.sl ...t · J j.uj ·_j a a c , 1.1: cf J.a :l ... ~~ ..1'Jr·1: ,.Jal:b·xs ·--r o: J "'s· oi, oiin1 . - ano.t:t i tr_e lT ($:r Y. O'l!>.13 iJ \ ' .. f..tr:) l .t • • • - • • • • t • • • • ' 1. t • • • lb 'l .t �• I I vary in individual cases, but would be more advantageous to the jnd:lvid11al in every case than a comparable salary increase due to tax advantages. A survey of the preferences of the Centre faculty show an overwhe]roi'lg preference for increases this year to be in the form of the College's assumption ot the 5% annuity. contribution now deducted from the individual salaries for the TIA.A Although this arrangement has been repeatedly proposed by members of I have not encouraged it due to the the faculty over the past several years, feeling that we should first be able to make a better showing 1n our basic salaries. However, I have now changed my own judgment in the matter inasmuch as the standard of comparative faculty income provisions in American colleges now most generally referred to - the ann1tal report of the American Association of University Professors, - now is computed not on the base salaries, but instead upon total compensation, including both salaries and the cash value of tringe benefits. We can obviously accomplish more in the way of financial benefit for our faculty by such a change than by applying the same funds to direct salary increases. I recon:unend the change in policy. Recommendation - That beginn1ng September 1, 1962, the College undertake payment of the full premium on all TIAA e,nn1tity and disability insurance contracts for eligible members of the faculty and administrative staff. If this recommendation is adopted, it is my further rec0romend.ation that aJJ salaries remain fixed for 1962-•63 at the present level with the exception of iooderate increases proposed for twelve members of the faculty and one adrnjllistrative officer. Recommendation - That the following salary changes, to be effective September 1, 1962, be authorized: Revised Present $7800 $7400 Ellis {promotion) 76oo 7500 Jacob Brown 7000 Cantrell Kelso (promotion) Reeves (promotion) 6ooo 66oo 6200 -28- 7300 6800 6200 6400 �.:t .. n..svh JS"'! ...,JlJ: ~ lJJO { j rI .. . f - 0 l"t • .L...- \-1 !l ,., .I. o 'f l • .too 1 J n • J- rorl 'I' , v.s j:J-scf .s ..J.s 9 1 'J rj I 1~ l stf [d..e sa rn;o 11i. .. J. .,. r. ~ D.!l A .. JJ I .. J: s·.ro..n .1 JJO. £! Y,d ;. ... a .[ :) _.n\,I ~ .~ m o :19 .. .. :t lo S . ~1r ~ aq --- ' r1l:. ~j. l t Ja _ ·.i: .s ·d"a.i: • .t. 6 ? j• 11 aJ: •J'J: . .a:o.c~ .I. :ta oao .rrs f Jiu s :T 1c · a [" B 0 • • V ~ 1,·, • ( o.r, c, \ ) . .t ,. a 1 {n O" oal ) • • ,. ·I- �Present Hodgkin$ 56oo 5400 5200 6500 Lee Rogers (promotion) Sagar Revised 5800 56oo 5400 6700 Bonham Huff 4500 4500 4800 4800 Lewis, Henry (12 mo) 7200 7500 Recommendation - That Miss Ruth Tucker and Mrs. Lucy Ware Chapman, both professional members of the library staff, be added to the group of admjnistrative personnel covered by the TIAA annuity and disability income programs. The net additional cost of the above changes in annuity and insurance premium payments and increased salaries is approxjma,tely $20,000. A financial obligation which we have realized we would be facing about this time calls for the present review of the Board of Trustees. At the tjrne the \-leisiger Fine Arts building was constructed, $75,000 w.s borrowed from the Kentucky Trust Company, hopefully to be repaid in full by receipts from the K Y S E C campaign of the U. S. Presbyterian Church. from that source has almost fully dried up. At this time our income \ve are Obligated for payments of $7500 per year on the Kentucky Trust Company note for the balance of $30,000, which is repayable over the next f our years. We have little reason to anticipate much income from the K Y S E C campaign. only options appear to be to pay Our these inste.JJments as due from the current operating fund or from the plant fund with receipts derived from the development fund. Recommendation - That rerne.jn1ng payments on the note payable to the Kentucky Trust Company of funds borrowed to finance the construction of the Eoona Weisiger Art and Music building be paid as due from the plant fund. Action of the trustees is desirable in establishing a fixed charge for applied music lessons given by members of the faculty to students who are not regularly matriculated in the College. Recommendation - That the fee for instruction in applied music to nonmatriculated students be $40 per semester for one-half hour lesson a week. -29- �Jn~a~r;r-... • t)• ~ - • ( 000:-J oc~J( c> ·1 t.J • OO~c 00 l,.. OOc n lbi OOc-'1 ( 1 n q rlQ ff c~ .1: r os, () j ..iq) a#.c~30R ( f.(1)j;j U • o1 c. !! b JI __ _t.. 1l\ .fJ aa -:r s1!1J ·T L!jufI a .i:l i J. r!T - no.r ;r~ u" S'l.S\·} ·!:>JJ ~ • a " ,. . t oj 91•.Jl.-l,J;J 90 t,., ISj°S 'l' .S"~ f .i:l t!J· -:i. J -;>•.l .~ 1119 TI ...B.C1..; • - -~-------- j.rJJI!r::.s A)_tT :,r!"' ·., f i: .. '!.:i'lO!) .i:~.1:d ~a.i:b .. !1.13 e·rsq 9·,. :·,t.t)'IJ-- .:n.r. f _:;, ·r... ~-x •8 l II. ·... om.tJ · .trf rrr: .f .[l:!lcf • 1 ' - 'I fl m:. 1 r c • 'i l .i:rlJ :; .4. n~ l j, • d "-X.U l.Ecf ~ a .. 'l.6 • . 'IOI 9 00. . . r .r..... I ..:.,, • ~~ .11 .,.J:'! v .., b· • 1.JJ !l ..J(I:.....C ' t'"!J J" .... .'- • TJ .Jr!· ""\t• [ •... r JJ''t j :.. orrrls . r"!.: \:- r !:>.U'" _19)1 • c_ • q <:. r • • fl. lJ ~ r: .S:) ~ !t... .CS· a.s i 'Y9al: . fl J .\, 0 ... ') .. :!Il I,. OJJ!t! asri .rto a j-r1s~ · <:..~n • ... l.t3tne J !3£i _ - no · .. ) - 9::>.n&'ll:1 o;J !):,,, ,-:r.·-r d 1o "VI .1· 10~ ;:ra .a bl s.. , cf ...r.b .r d' ..>i. ., '!.A ·I.., .l:c::i 1:~ . [ _j .rro::> jtis)! sd . .oa· 'l a '.r ·l 1: .:t f! Ls.ti q; '">J l,; 1 n .... l .. .8 ... - •• • "I. i. n.t.t.e'Isq ,.. ... <..:• • J.1 .. ... I .-l ,J 'l .., s • . .J .r lri L j'J.A 9J !lC) • j-:, t1.'· " > ~ol ~~ts-~-.~ - �• • The Committee on Finance and the Board of Trustees should be aware that we are no~, nearing completion of the eight-year budget p~oject i on study which is being made in connection lTi tl1 the project sponsored by the Association of .American Colleges. The results of that study will be available for reveiw by the Commj ttee on Finance within the next few l1eeks , ,.,ith the expectation that it may be presented for consideration by the full Board at the June meeting. DEVELOPMENT Y have already received copies of tv10 memoranda prepared by our director ou of development, Mr. Handlan. The first briefly s11mmarizes ,1ork which has been done over the past six months in the pursuit of the development program. Since our campaign efforts have been concentrated principally on 1 0,1-yield possibilities, we have shown an addition of only about $100,000 since last fa.J J • However, substantial ground ,.,or k has been laid for carrying the alumni campaign t o major citi es outside the State, and this '\-i~1r lt will be going forward during the fe,., months just ahead. Among meetings in which kick-off dinners are scheduled for the next f et-1 ,,eeks are Nevr York, Washington, Atlanta and Nashville. A large meeting of Centre al11mnt in the Central Section of Florida ,,as held in St. Petersburg l ast month in preparation for the beginning of promotion of our program in that area . As '\-Te move ahead in the lrork it is quite evident :nhat ,.,e have yet much to do in conveying to our a1,1mn1 and to other parts of our constituency the dimensions of the need for financial support of a program of the character to which Centre is committed . This cannot be accomplished overnight, and obviously we must give more concentrated attention steadily over the years ahead to the promotion of organized activity on the part of Centre al11 roni. Mr . Barr, v1ho has probably had as substantial experience ,.,1th al11mni fund work as any among us due to his long-time participation in Princet on al11mni -30- �l "" ,,. , I • f•• 0 . . • ... • .. • tx t I 9rfJ - • ;J- .t • , " .. • , ") • I..; r • lr;a" t • 0 l.. • • • • J • • ... C "-l- ' ') L ' - {!) • 1 l • . .9rJ. • • \, • • • I • .J. ' J • - J.\. • _) J.1 .I ... • • ...r. • • ... • • • • • . ... • .C.t. • .t .. ) is·r ;, , w '9' o·x :J • .. ·.ri: • t .. • .. z ' ... J 1 J O' ·, • • •• • r·oJ: • I ... • l .. , • • - r. .. !.8 • I "1 .. Jcf ' .( ·. • .., • r • ,.JC, , • , • I J cIJ.Je • • • • ) • • .L • ,, J f· \ • r • • • .. {. • • • • " • • • • • J • • • . • t ., • . �al,unni affairs, urges that ,-re recognize the importance of giving more staff time than Centre has ever given before to organized a1,1mni act:Lti.ty. It is ,1ndoubtedly the case that ,.,e would reap real benefits from the appointment of a f,11] time alJUDDi secretary, whose sole responsibilities would be in this field. I have already been asked by members of the development cornm1ttee to explore the possibilities in this direction and hope to discuss this further during the course of our meeting. During the past few months we have had some evidence of the way in which our long range endowment needs can be served through the promotion of bequests. Mr. Handlan has referred to the funds ,-1hich we wj 1l receive in the near future under Dr. Co,,ran 's will. Our present best estimate of the amount which will come immediately to Centre ,,nder Dr. Cowan 's will is $170,000 . His will provides further that Centre sbaJJ be the ult:1mate recipient of the principal of two trusts totaJJing $95,000, in which single life estates exist. The trustees will share my gratification that Mrs. co,.,an 's will has also made generous provision for Centre. From a gross estate which should exceed $4oO, OOO, this will provides specific bequests of $150,000. The remainder of the estate, after satisfaction of federal and state taxes and other obligations of the estate, has been bequeathed t o Centre to be joined with Dr. Cowan•s bequest to provide endowment and support of a chair in the department of English and for general endowment. A second bequest of which we have had recent notice, but on which we have no present estimate of value, is that coming from the late Judge William J. Steinert of Seattle, Washington, a distinguished Centre graduate who served for many years as a member of the supreme court of Washington. After satisfaction of a few specific bequests, the will provides that his estate be held in trust during Mrs. Steinert's lifetime and that upon her death it be distributed three equal parts, one of which will com to Centre College. e -31- , �. , j \ n .. e· .t • ~ n T oi • ' a • ..·s_ JJO . .I .r·.c,., . . . 'v ,.~ "I(i 1 ll:- :.r"! .f Q ·oq r. • r I .L • a ' . . .s , _,, • ..., ""SJ)IDJ .., ,, - _, 111 ....... r .l ' - • s-~ #JO • 8 !) .. ..., .. ('f J') ' ~ o .r' 1 s'l.t.r 9 -1-. . a r111 ... rlj sj t a c;. . .. (" OOOic .• f! !) ·9· r..J. -~-v .l , ,v ·1 • _ .. 9( '90 o.c .n:o.t '°.SJ I o <:.. • • - Q • ) C... .t\' ~ a, fj j·vo'lt.[ a, - ! ....)~ " J . ,tr j" Ii' ~m 00 '\ t;. ... .6 e' s u' ..... t ,, .-j S!!'r sr:::.sn~ _,. .(.r·. lt ·c.- .s mo·.i:r .GUO Oc.£ -r~bn.L ,,.., I • • :ta {... I r t m 11_ l · :i:Jns~ l h • :.)JJ ·~ , •I ,r.! ~o . 1. t • ~ ..ojc311l.dr.st·J lo I • •.a • .( ...,d .cj •l j Si,. v ·1 c.,· .._ lt~ • 4 :..~ • . 1, .s V !l - l r n lrla~\ 1 r.,. ... • .t,, } • 1: ~ :J ·10 j'I:) • a {;_~(4~ ' i t 90a • 1li ·. 1 - ITTL ( Ci • ... d .i. .rij 'e I l~lj j l l .t9J8 "Cn"' • ...,, ,# .. f �There is no question but that in the years which lie ahead we must be giving continuous steady and active attention to the enlargement of the financial resources of the College. In spite of the remarkable progress which Centre has made over the last few years, we have only begun to provide the resources for the achievene nt of the goals ,rhich the Trustees hold for the College. I am grateful for the very real interest which is being shown by members of the Board in promoting support of the College from various sources. In this effort the officers of the College and the trustees must work hand in hand. It is our anticipation that in our meeting tomorrow morning we sbaJl have considerable time to discuss recommendations from the ®evelopment Committee on specific steps which may be taken to enlarge the effectiveness of our gift program. There is no doubt that we have much to "sell" by bringing potentially interested and able persons to the campus to see first hand the progress which Centre is making. I invite consideration of whether vTe should arrange for very specific ceremonies of dedication for our new b,11 J dings on AJ-1nnnj Day, which has been scheduled for April 28 this year. The ann,1aJ class re11ni ons will be held , at that time, and the traditional a1.,1mni banquet will be held in the new dining commons. Our speaker will be Dr. Hambleton Tapp, member of the class of 1922, which will be holding 1 ts fortieth re,,01 on. Dr. Tapp, a member of the history department of the University of Kentucky and director of the Kentucky L1fe Museum, ,- ill speak on the past, present and duture of Centre College as a r leading cultural force in our region. I believe we can make good use of this weekend in the advancement of the development program by thoughtful planning. -32- �\,, ~,..t .CJ • • .;) _ '"ls~ !l • T ,._:.). ' ~ ...• • ( . r 'l ff{• 'I - .B 8 a: ~ no 'le u - -: rrJ t ~~ • ~ ( '.J "' 'f .;)JJ ' n \ _o l l .a. ! .t i · dT [~~ - ::,,:u €9 .la - .f -· I i • s '!.t..roa .._ .. - ♦- • l • • J !_ t .. O::> T:jf . r • • ·- r u nI ~ ..... • ""r : r . - Jl t .Of.. il J..[. Ir. ' 'ro.. " • :JI.iJ .( a·m a fl l- J . u - c.,j r CI sr ' rr0 l ':t v B • c ·j • ... w t J. L .=ci v,d t• .1 ... · u _ ' .t 9 .iSJ. •• :t rro ..1 :J aj·1: I.i:11d • \T • ... • .:alb 1 ~ • 9 {J 9.. r 1 i...:uJ u_ l ... 'Y(.. e 4 • .!M!I l a l .r.ro.tfllf • .t 9 r::. ,. .... c;.. • - - u • :t ' '!'JO J ~ .. 'lO rl I.C b.a £1 9d' �• It I feel some embarrassment in the length of this report. It has not dealt with mi nor matters, hov1ever, or with things which are extraneous to the immediate and urgent purposes of the College. It is clear evidence of the major progress which has been made 11nder the program which the Board of Trustees has established for Centre, as well as being a reminder of the large tasks ,,hich lie before use. Respectfully submitted, THOMAS A SPRAGENS - 33- �• I •• .. ' . • ' . I • • lr.j .rfj j ,., orl • 9rtI! CL 'Iq 9!! 0ri 1:r, '! Jf;nJ:.u~ · .... , 118d' 1· a.J l.Cs v .s 1.. lr r ..r" - n l �e • • i I February 16, 1962 New Faculty Members at Centre College: Feb.l, 1960 - Dr. Rex Hanna Kno,- lPs (A.B , Wesleyan University; B.D., Yale Divin, ity School, Ph.D.,University of Nebraska; D.D.,qastings College) Associate Professor Religion and Psychology and Dean of the Chapel. From 1948-•59, University Pastor, vlestminster Founda:Lion, Lincoln,Nebraska. Sept. 1 6oDr. Charles R. Lee, Jr. (A,B., A.M., University of Miami; Ph.D. University North Carolina), Assistant Professor of History. Dr. Lee completed the ,,ork on his doctorate in the summer of 1961. Sept.'60Mr. Robert A. Ma.gill (A.B. and A.M.,University of Virginia), a doctoral candidate at Columbia University, is Assistant Professor of French. Mr. Magill taught at Virginia EJ.)iscopal School, Lynchburg and at Ferrum Junior College, Ferrum, Virginia. Sept. '6oMr. Jerry D. Madden (A.B., Univ. of Tenn.; M.A.,San Francisco State College}, Acting Instructor in English for two years. An active writer of plays, poems, and short stories, Mr. Madden studied at Yale University on a John Golden Fellowship in Playwriting. He taught English in Appalachian state Teachers College, Boone, N. c., in 1958-59. Sept.•61Dr. Frances Jacob (A.B.,Miss.State College for Women; M.A.,MiddleCollege; Ph.D.,Tulane Univ.), Professor of Modern Languages. For the past five years Dr. Jacob has been Professor of Modern Langua.ges at vlinthrop College, Rock Hill, South Carolina. Earlier she taught at the University of Mississippi and at Tulane University. Sept. '61Dr. James Douglas Bro,m, Jr. , (A. B. , Union College: M. S. , Ph.D. , Univ.of l·Tisc) Associate Professor of Economics and Chnm. Department of Economics and Business ~dmjnistra.tion. He taught at AmbP.rst and at Hamilton College. Sept. 1 61Dr. \.lilliam C. Se.gar (B. S. ,Capital Univ. ; M. S., Ph.D., Ohio State Univ.},Assistant Professor of Chemistry. He served as research chemist with the Ethyl Corporation at Baton Rouge, La. since completion of graduate work. Sept.•61Dr. Terrence N. Tice (A.B., Univ. Arizona, B.D.,Th.D.,Princeton Theological Seminary),Assistant Professor Philosophy and Religion. Sept.'61Mr. C.Spencer Holt,Jr. (B.S.Ed.,Ark. A. & M.; M.A.,George Peabody College), Assistant Professor Physical Education and Head Football Coach. He is a candidate for the Doctor of Education degree at Peabody. He taught and coached at Tenn. Tech, BattJ.eground Academy e.nd Ark. A. & M. Sept.'61 - Miss Joellen K. Bonham (Mus.B.,Mus.M., Univ. Mich.) Instructor in Music. Sept. '61 - Miss Sarah Jo Huff (A.B. ,Centre, '57; graduate \Tork Ind.Univ. )Inst. Engl. Sept.•61 - Mrs.Alice K.Hankla (A.B.,Centre;M.S.Vanderbilt),Instructor in Physics. Sept. •61 - Alexander W. Stevens (A. B., M.A. , Ea.stern Ky. State College), Instructor Phys.Ed. and Head Coach of Basketball. Taught and coached at Danville High School. �' ., , • ' a D • • • J • • • • • ... • .~, J i.10 'i • I • t ./., • • • - • • 1(, (lC. • t, "i ..., l • !. fJ • • ) • ' • • • • - ... • • •r - • .., •:-.v, .t~,.., , r - r--o.., 11rl ! ., • t .s ' \,I • ,l I • .l • • • i . ... ! J " .... ..... 'J 0 J t • • • " i • t • ' a ... - .. • nu· • • 1o .- • ,. ' z t • t • iv ...,, j ••• - • • • r • , '• • .. • .,, • j'r, ! • ~,. t ( ( C"cj • • • • • -• • • • .. - u -, I , bn.o • I t . j • V j .nl • • ' • ' I • ,J •' I • { • • • • L • • 1· • • • • .. • • • • t • I .. , ' • • n • • 1 , • ') • .I I rl • • ' • .. I • T • !,j • • '- l bns • • • "t .. • • • • • , r ..... • r t' I !) - - • ' • • • • ... •l • • • t. , •• • 1 r r ) ., ,xU J. • .... • 'I • • ( 0~ • • • V .. I • • tl • c.:I • )J. ~! •, • r . ' • j t J. • , • • rr ,. J • !:) • I;. t· . 'l;. I • t • • j- I • - T u • • • ,. a. • • • f C I -~j .. • • l .. f •t • • <I ~ J I ' • • • ,. ,. j v:t ~ .1 • • • J. • u[ rt· l ,; "' ,, • ... 'IO 1 • • • 1j ,l.,..,u r !\ ~ t - • !) r • • f b )! vt t:: .~ • ... Y. Or) • . • ... • • •tJ • • .i:. . ! • • J. • ... • • • ,rrr ~ • ' • .. • • ~ \. ~~ J • l o· .I. ,;; • lJ • ' • • ( . a .I: • J • • T"t .r. • • • .c • .,. , • • • • • f I ' . a• • j I �• .. Minutes of the meeting of the EXECUTIVE COMMITI'.EE of the Board of Trustees of Centre College of Kentucky held at Centre College, June 1, 1962 The meeting convened at 8:00 p .m. in the Conference Room of Old Centre. Present wer7 Chairman SUtcliffe, Messrs. Armstrong, Baker, Barr, Boles, Campbell, Lively, Rogers, Van Winkle, and President Spragens and Mr. Rall. 1. The meeting was opened with a prayer by President Spragens . 2 . Mr. Lively reported that the Phi Delta Theta fraternity to the sale of the property located on Maple Avenue, which was used as a residence for the fraternity . Mr. Lively stated that to that property is in the name of Centre College, but that the actually owns all of the equity in the property . has agreed formerly the title fraternity On motion by Mr. Armstrong, seconded by Mr. Ba.ker, the Executive Commjttee adopted the following: That the President of Centre College be authorized to execute a deed for the sale of the property located on Maple Avenue, formerly used as a residence by the Phi Delta Theta fraternity, and that the proceeds from the sale of the property in the amount of $15,500 be turned over to the Phi Delta Theta House Corporation after the College has been rejmbursed for expenses paid on behalf of the fraternity in the furnishing and decorating of its new residence. 3. President Spragens reported that the College's contract with the Slater Food Service Management will be terminated by nn.itual agreement at the end of the 1962 s,1romer school session. The President stated that he had no recomme~dation for food service arrangements for the 1962- 1 63 school year, but he expressed the opinion that the College should explore the possibilities of either operating its own food service program or contracting with another firm that specializes in providing food services for colleges on a contractual basis. He stated that the Saga Food Service has indicated an interest in the Centre College contract, and that the Saga company has been highly recommended to the College. On motion by Mr. Lively, seconded by Mr. Campbell, the Executive Co1ood ttee adopted the following: That the College operate its own food service program after the termination of the Slater contract if President Spragens can obtain a competent food service man~ger for employment by the College; but that if such management arrangements cannot be made by approximately July 1, 1962, President Spragens be authorized to contract with a professional food service company to operate the College's food service program for the 1962-•63 school year. �• -)f ~ • ... .. J. ) I l ..,, 0 • • •J .r '~ ·x· • ,.. ' { • - 1 l ! ' .1 l • . , L, • • ~ ~ I ,> J j j ·. v.A. \'.,19~ vl!\. Bi _.. c,.. \s • :;)1 t' .. I ' ' - i t ... ~ ~ f. • rf .!J.B 1. ,. nc '..L ~ • .r • j 'X9 • • 'lri • .r..:r :.,'l I) ( .... \ r • L - ' c • "( !l.. )~C Ll.:-·JJ.:r ..,...., • :::, :J ... ..., T . rt • 8 be,-. .. ! ,.., ft . ... cJ " .c 1. r • ._.LL! i~ .r<! o• am . - .m l • f l -• r J. :r OP I ' ~f>n ... ) ,.. -l \ . I ·o • Ir • • • I • • • 'O , j r j '- - • T\!! • II J l, • C'. j r '1: , ' • ""O i. • ,{' .I. .. • • •. • • .c . rfj, j n l - :.\'I fj.' - 'l .l. ' 'lOJ • • • Q 9.1 rt '( • .r. J r: - ~ '"f' • \rl . 1L • LL. .r,~ .• f'\ a .{ l \.. j- \ b I .. • . ( . ..c j j • • I!\ ) • J • lJ • rl, t i c.. 1' .:,, ... • _, I :res~ c • t! r t d"n 0 (,;. r • n ..1 \. .. n.tn J.f..[ C • • • ,:q .. ..L. I. J. • , s ~sQil )Q J' •,J,. t • .( .. J.; "'" ~n • .. t l • . (• J ' !ll.ON i)S 1 f .( • f"': .. I • . ... • ~ ·0·1 '"' l· . J.'IOJ' ''!I ..•'- 11'1 .. , .1: _q ·) ..C G • cr.uo rs .,.,d·· n..c 'l \,, "! qo...c 0n 1 .':t I. .( • 0 r.t, J. ~ • • 'It ~ • o ... L .... • ,1 PI .J: T !; J. . 1 '!() 'l t • .t T r "'· \. C \ l, 1·r~ • j • - j 0 • s \. 1 d-t s .. :r,; bi~ ;' • '1 . ri1 .s .[. ., 0 '! t:' • .tn.'L , c:,J.r:r. t.. ! :) e•1r ' I:>. ... - t • , 3 I. • ':'Cue f (8 r • j �• ,. -2- 4. President Spragens reported highly satisfactory results in' recruitment of persons for all vacancies and new positions authorized for the 1962163 academic year. On motion by Mr. Baker, seconded by Mr. Rogers, the Executive Commjttee approved the President's recommendation of the following appointments to the faculty: (1) Dr. Charles E. Whittle, Jr., as professor of physics and coordinator of research in the natural sciences at a salary of $8,800 on a nine-month basis for the 1962- 1 63 academic year. (2) Dr. Otis K. Wolfe, Jr., as associate professor of physics at a salary of $7,200 for the 1962-•63 academic year. (3) Mr. David Hughes as assistant professor of government at a salary of $6,000 for the 1962-•63 academic year. (4) Mr. Thomas Buchanan Looney as instructor in history at a salary ( 5) Mr. Austin Jay as instructor in biology at a salary of $5,000 (6) Mr. Alvin H. Horton, III, as instructor in English at a salary ( 7) Mr. Siegfried E. Mews as instructor in German at a salary of of $5,200 for the 1962- 1 63 academic year. for the 1962-•63 academic year. of $4,800 for the 1962-•63 academic year. $4,8oo for the 1962-'63 academic year. 5. On motion by Mr. Campbell, seconded by Mr. Armstrong, the Executive Co-nn-oittee approved the following recommendation of the President: Tbat Dr. Charles E. Whittle, Jr., and Dr. Otis K. ~lolfe, Jr., be granted immediate participation in the College's retirement annuity program. 6. On ootion by Mr. Barr, seconded by Mr. Rogers, the Executive Comm:lttee approved the following recommendation of the President: That Rayoond Handlan, director of development be given faculty status, in accordance with the provisions of the articles of organization of the faculty governing administrative officers of the College. 7. President Spragens reported that by about June 6, 1962, Nevin & Morgan, architects, will have completed plans and specifications for the conversion of the former men's dining room in McReynolds Hall to an infirrm.ry. The President stated that the funds for this project, to be known as the Parsons Health Center, will come from Dr. Charle s H. Parsons ' gift and pledge of $50,000 to the College's development program. On motion by Mr. Bar~, seconded by Mr. Baker, the Executive Comm1ttee adopted the following: That upon approval by the construction committee, the College be authorized to negotiate for construction bids for conversion of �• .c ::> .... [ •• • I f • . ,: J. • - .b ... 61 :; • • r ... \ f . l 1 •• c.,: ':? rf":{ - ') . t I. - l r ,.., q . I • V: . r • • •.µ d"nein 9.fu ::, ~.! t !SO !10 'Iqq.s tf 'l f : ,:tJ r.J~ . •. . • • • - I .t: ,')- I - • • a C (' rf J. ,- • _[·J t •. • • • ) C0::> r, 8 l • • .c • ... l ) • • .r .. . • . .. " f • - • . 81 .. L \J .. ( I • ,1 e ]: ( "".G • \ I ) I , U.• 1 ( ) • • - j /..J .. . 'l.0 • • 'A • . • u • t L ( • ' • .J .. .. • • - • f . ,• • ' .. • • i:t t • • • •. • • • • • • 'l .. C.\ { - "l .. • • Oil • "' • r • 4 • ... • f • 0 • . • • • 14") ~ t b~ .. j ) !.) t .C!l!) ...s ~ Ii\. 110. vJl 1l ) . I ... ·-u :.) t • • - .. • .. ... • .[ '( _,.__r ~ I \ . • .J.,,. r , . ' • l I '\ - c. J ~ ). 1 !) # ... • • • oI .. I .. J ,. IJ L \ d b.t: • f ~ j'• • • • • . er, :t r l. ' �2i 0 -3the former men's dining hall into an infirnary, to be known as Parsons Health Center, and to proceed with a contract for the construction project if a satisfactory bid is received. 8. The Executive Conunjttee discussed the desirability of a modification of the campus n:aster plan that would provide for the development of a total learning center in the area presently occupied by Old Main. It was agreed that the modification, or removal, of Old Main will be possible after Centre acquires the Danville High School property that is adjacent to the present campus. It was noted that the modification or removal of Old Main would reduce the auditorium area available for assembly purposes, but that the present student body exceeds the seating capacity of the Old Main auditorium. The deficiencies of the present auditorium were discussed and it was agreed that it is desirable to make other arrangements for student assemblies at the earliest possible time. The Executive Conunittee agreed that this discussion should be continued at the meeting of the Board of Trustees on June 2, 1962. 9. President Spragens reported that a preliminary loan application for a new women's residence has been filed with the Housing and Home Finance Agency. The meeting was recessed briefly to allow President Spragens and Mr. Rall to leave the meeting. 10. On motion by Mr. Campbell, seconded by Mr. Lively, the Executive Conunjttee adopted the following: That the Executive Cc;nnotttee of the Board of Trustees recognizes that President Spragens, in September 1962, will have two children in colleges which do not participate with Centre College in its program of tuition remission; and therefore that tuition grants be made to Thomas A. Spragens Jr. and Barbara Allen Spragens in amounts equivalent to the existing Centre tuition so long as they remain enrolled in good standing as undergraduate students in accredited colleges or universities, and that these grants be paid in their behalf by the Treasurer to the institutions in which they are enrolled upon proper certification. The total tuition grants thus authorized shall not exceed $6,000.00. The next meeting of the Executive Commjttee will be held at the call of the chairman-- On motion the meeting was adjourned by Chairman Sutcliffe at 10:00 p.m. Respectfully submitted, PIERCE LIVELY, Secretary Board of Trustees Centre College of Kentucky 6-1-62 E;~ecutive ConuoJ ttee I �.... ' • r • ·- • -r .,., • 0 .L \ CI! '!I .. ., J I{j-.( • . ) ~ • l ..J !! J.: ,. ·f _( ) • "' • j· 0j J ,. • • oro .:.J.J 1 l , • .... .... ... •• ... uu b 9"" .'"' ,J .f 0 (. "( • ., • r{ • • .£ r 1 \.., t .criJrl\ •• I . C} \. J • • " I·t • r. - ~ • ., • I• ;.J "' 1 r. ' • r.f I <.: ,. J. JJ11' t ... :) • ,~ t· l • • ~ - I ( .A.'- • • ~ ... . .l .. b • .c • 9 . . 'j J..; l .. . .. [ , ) .l a • r l •• • .L \. , :.>! • 'I .. • ,. 'L .. .... .. . C .1 ) r..-rf .,; l • • .• . :J t ::I • .... • • J. : ~ ! \ '1 l ' - •I .trl !! '! • C • • ... n "'':.. r • .. 1 1 • • • .. i \ ! j •. .. a ., ..tnrf _ bo • • • 'I r j :f .[ 1· - 1 l )~ l :t jl) - "i:j JI' •.. .:. q 0.\-, ~ ) !)" ,.. • <. ' . .c .,. . ·' 1• ,_ • 0 £ • . ' .c fl •.a j " j • " ,. T r • .. • I • f r rf.j i3 r I.; dllI. • r. t • • • • ... .Ao - ~ ...... 0 .. J •1 • • ""t • i j_u j • r • • J • • • ,. • • 9V ,.tj · .,,,, i • ..... • .cmn I ... ;c.C•. • • r•9LL • 'I --- j l • .. l •r .r. •• J ,.., C :r.' rl · • ..) w • t. u ,, I •• r .. \,- • •Q • • l �Minutes of the Meeting of the Board of Trustees of Centre College of Kentucky held at Danville. Kentucky, June 2, 1962 The meeting convened at 10:00 a.m. in the McClure Room of Sutcliffe Hall. Present were Chairman Sutcliffe, Miss Yerkes, Messrs. Armstrong, Baker, Barr, Boles, F. Caldwell, Campbell, Evans, Hall. Lively, Martin, Mobley, Newlin, Price, Rogers, Van Antwerp, Van Winkle; Trustee Emeritus Mr. Nevin; President Spragens and Mr. Rall. 1. The meeting was opened with a prayer by the Reverend Mr. Mobley. 2. On motion by Mr. Rogers, seconded by Mr. Van Winkle, the minutes of the March 23 and 24, 1962 meeting of the Board of Trustees were approved as previously circulated, and the reading thereof was waived. 3. In memory of Mr. Logan Caldwell, the Board of Trustees adopted the following resolution and requested that it be spread on the minutes, and that an inscribed copy be sent to Mrs. Caldwell: RESOLUTION OF RESPECT The Board of Trustees of Centre College lost one of its most dedicated and capable members with the death of Logan Caldwell on April 10, 1962. A graduate of Centre in the class of 1912, Logan Caldwell worked diligently as an officer of the Alumni Association prior to his election to the Board in 1940. During 22 years of continuous service he gave unstintingly of his time and abilities to advancing the welfare of the College. He served for many years as treasurer of the College and as chairman of its investment committee. Under his guidance the endowment of the College was materially increased and managed with exceptional wisdom. No trustee could have given more generously of his time. generously of their material means. Few gave more His devotion to the welfare of Centre �• • • • • j to t ,,. 'J • • r . - . ' J . . ,. C • ' . .[ .•• • •• • l • • ... V • • T ! . ) • • • C: • I • ,. t l')J ... • • C n - (Jr (. - .1 m .. o C • • ,...., ... r ,; ' '. ) • -. t - ' .. r • • • ' . • • - • ·TT l ,.J • . -r • [ I. J I f U. ,. i l • )U I• ..) , l • l • -. • I,. • • • • • t J • • !j, r . j • • • • l • - .. f • f • r • • • �212; • I I -2- College was without reservation. The discharge of his many public responsibilities was characterized by a self-effacing modesty and an unfailing consideration for the views of his colleagues. Firm in his judgments, he was always prepared to modify them • in response to evident facts and reasoned argument. Logan Caldwell, loyal son and servant of Centre, has earned the lasting respect and appreciation of this Board and of all who serve the College. Therefore, be it resolved that this Board record its genuine sense of loss in the death of our friend and colleague and further that this resolution be spread at large on the minutes of the Board of Trustees and a copy delivered to Mrs. Logan Caldwell. 4. At the request of Chairman Sutcliffe, the Secretary read a letter from Mr. W. P. Caldwell in which Mr. Caldwell stated that his health would not permit him to attend the meetings or participate as actively as he believed a trustee should, and that for this reason he felt that he must resign from the Board, effective at the earliest possible date. On motion by Mr. Boles, seconded by Mr. Armstrong, the Board of Trustees unanimously adopted the following: That Mr. w. P. Caldwell's resignation as a member of the Board of Trustees be accepted with regret, and with the thanks of the Board for his faithful service as a trustee of the College. Mr. Campbell, Chairman of the Nominating Committee, presented the Committee's recommendation that Mr. w. P. Caldwell be elected to the office of Trustee Emeritus. By the unanimous vote of the eighteen trustees present, Mr. W. P. Caldwell was elected Trustee Emeritus of Centre College. s. President Spragens presented the names of the students whom the faculty had recommended as candidates for the degree of Bachelor of Arts on �I • 1 ) 1 • • • { • 0 j r \ • • l I r o fIJ. ...! • CT • r • - f'f a , ';,) r , V n .., \ • • t ... r .,) • • ('! I • .... • r ,· b ,rl •• 'T '1 • T • a 'J • fI • Ut J.( • • r: .. C • th .. • .t • .. .. • '~ '30 (l • I ":) - • r .. ... .. "' " ~ [ J \ J • ("' .. s· . 9 C .. . 1 r I 0 • • "'! J -#,. . J • ,. • 0 • l C ,. b ..,so nn I • ,. t ~ f)r~ • £ • •J • r • j~ • • .J ~ 9 .... 8 I • T '1 • f J ( • • • r .. • I r • • ,J .b ao I., ' t ' t ' r! • 1 • L V l I :t • 1 J"I (. • .. r JJ • ' • • �r 2:13 • -3- June 3, 1962. On motion by Mr. Baker, seconded by Mr. Rogers, the Board approved the recommendation of the faculty: That the following members of the senior class be awarded a degree of Bachelor of Arts on June 3, 1962: Marion Isabelle Aiken East Orange, New Jersey Beverly Byrd Baylor New Orleans, Louisiana Walter Irvine Beale Louisville, Kentucky The Phi Beta Chi Scientific Fraternity Award Ann 0 Moffett Blandford *Robert Gordon Bleakley Dayton, Ohio Louisville, Kentucky John James Bond Dayton, Ohio Waller Beall Booth, II Louisville, Kentucky \-lilliam John Boye Ft. Lauderdale, Florida Dudley Elaine Burgess Frankfort, Kentucky Mary Clyde Callaway Louisville, Kentucky Paul Frederick Camenisch Danville, Kentucky Summa Cum Laude The George Winston Welch Valedictorian Prize The George C. Young English Literature Prize , March Coe Cynthiana, Kentucky Gretchen Gray Dieffenbach Glendale, Ohio Esther Anne Dietrich Salem, Illinois Martha Newland Dooley Louisville, Kentucky Cochran Dow Dallas, Texas Nell Reed Dudley Indianapolis, Indiana Robert Brooks Eufer Ossining, New York Anne Alice Evans Florence, Alabama Summa Cum Laude The Gavin Easton Wiseman Valedictorian Prize Nancy Elizabeth Farnham Teaneck, New Jersey The Breckinridge Jones Prize in History and Government The Graves Griffiths Prize �• • r ':'"I D :t io : a 1 • . :t •• c ' 0 • r - 9 • • - • • -• • • l •• .i: t1 Dl Of."" - • 1 l ) 8 V • • .. t. l )i ') ") !J '' t-I v~ • ,. l _v u • I ' s~r n rl:>l -- - w - j n lo JJ • ... ' ...• • i;;,;: 1 • :in I ..( l r • l • • • I • rr • l 'f �214 • • • l -4- Robert Burton Fisher Salem, Oregon Robert Alan Fisk East Longmeadow, Massachusetts Louis Ivan Freedman New York, New York Sollace Mitchell Freeman, Jr. Sewanee, Tennessee Barton Jay Friedman Elkins Par~, Pennsylvania John Peter Gerlach Lexington, Kentucky Thomas Wickliffe Gaines, Jr. Louisville, Kentucky Barbara Grant Graves Prospect, Kentucky David Dean Graybeal Somerset, Kentucky Vivian Gail Griggs Ft. Thomas, Kentucky Hiram Arthur Hansen, II Louisville, Kentucky Willis Lyman Harrington, Jr. Garden City, New York Douglas Hatfield Danville, Kentucky Sandra Gay Howell Mt. Sterling, Kentucky Anne Lucile Huddleston Harrodsburg, Kentucky Jane Arnold Johnson Lancaster, Kentucky Karen Keffer Winchester, Kentucky Joan Marie Kinstler Ft. Lauderdale, Florida James Elmer Kouns Louisville, Kentucky Sue Gay Lane Lexington, Kentucky Barbara Allen Leathers Louisville, Kentucky Patricia Wesley Lister Dunnville, Kentucky Magna Cum Laude The Emily R. Cowan Memorial Prize Nancy Jo Lobaugh Ashland, Kentucky Peggy Reigh McDowell Harlan~ Kentucky Edgar Charles McKenney, Jr. Lexington, Kentucky Second Lieutenant, Marine Corps Reserve Samuel Gray McNamara Danville, Kentucky �' .. . 1 .e . rr.oY .......roJ • C r ... .. ..., • rt T 08 ,., t l 1 • ru • ' L• • r c,;, . "! v..~ o~• £l ~ ){ ' ·r ·)l ') .. r1 3 .:.['1 · j~ - i l I".{ • • r • ' I,rj !19>1 . Q- (!072 • :i , ..Cl 1 -, l • f b. ... r r ~j .tc .1 .. ... ,. O! f -~ I • • r . ,j1J" • ' :t 1. • • ..J • ,. srf ,,... ..... .ll.. ·o • t • E.C .t· j",G . q - J f! I. . 0 L 't I .. XO r 1.1. I · 4 u • i .. ,_ G , I c ·lt.. 11,jf a . :trr , J • • �215 -sWilliam f.1arkham Ft, Lauderdale, Florida Lynn Lee t1arks Harlan, Kentucky Burwell Keith Marshall, III Louisville, Kentucky Richard Allen Mascarich Amityville, L.I., New York Richard Austin Mateer Ashland, Kentucky The Nelson Allen Chemistry Award The Preston Carter Chemistry Prize Robert Charles Moore Louisville, Kentucky Marvin Eugene Music, Jr. Prestonsburg, Kentucky Martha Doe Neikirk Danville, Kentucky Russell Napier Olderman Cleveland, Ohio rlalter Steele Patton, III Scottsboro, Alabama William Devaughn Pratt Lexington, Kentucky Emily Clayton Rogers Louisville, Kentucky James Dedman Rouse The Owsley Rochester Award Versailles, Kentucky rlilliam Robert Rout Bardstown, Kentucky Wilbur Jewell Settle The Ormond Beatty Alumni Price Glasgow, Kentucky Warren David Smalley Louisville, Kentucky Tana Lea Smj.th Winter Haven, Florida Ellison Arthur Smyth Shippensburg, Pennsylvania Jon Sidney Stilp Neenah, Wisconsin James Lester Swigert Shelbyville, Kentucky Alice Jane Swinford Cynthiana, Kentucky Robert Comer Whitmore Briarcliff Manor, New York Doris Elaine Wilkerson Louisville, Kentucky Jane Clay Wood Maysville, Kentucky David Arthur York Monticello, Kentucky * Completed requirements for degree in January 1962 0 In absentia • • • I I �• .c •, f ti l. 11 , TT• J f --1t I • • C• A [ Ci r ... ) l .. T! , u n l, C 'C)Nr ' r ,.( ..,, 4- • • /YE ~ .L l 0 • rr .. l r I c., - :t8 'l , w ,.r -- • f') . ,. t - .I • T ~ J :t1. f .11 L .. • • • 9_t Ci 1 • rim11li,l Y. i t • • • .J •• \ ' - T ri [I ,... • • • 1 rJ ...... r - !.)LJ ' LJ - ms • , no.t u ( e ._ t • • , ... • . JJI) ...... • C ~ 11.6, • .. .. �216 • " -6- 6. President Spragens then presented the names of the students whom the faculty had recommended for the degree of Bachelor of Arts in August, 1962, provided they meet all requirements for graduation by that time. On motion by Mr . Baker, seconded by Mr. Rogers. the Board of Trustees adopted the recommendation of the faculty: That the following students be awarded the degree of Bachelor of Arts in August, 1962, provided they meet all requirements of graduation by that time: Melvin Lewis Ashby The Mason Knuckles Award Drakesboro , Kentucky Ann rorester Goben Louisville, Kentucky James David Grissom Louisville, Kentucky Edwin Lester Hankla, Jr. Harrodsburg, Kentucky David LeRoy Martin Briarcliff Manor, New York Abbott Brooks Pinney, III Anchorage, Kentucky Evelyn Jeanne P'Pool Morganfield, Kentucky Jane Talbot Riddle Atlantic City, New Jersey Elliott Petri Robbins Rye, New York , Ralph Fawcett Schreiber 7. Canton, Ohio The report of the Treasurer was made by Mr. Rall. He reviewed the General Operating Fund report for the third quarter of the 1961-'62 fiscal year, and pointed out that most items of income and expense were in line with budget estimates for the current year. Reporting on the current status of the Plant Fund, the Treasurer reviewed a report which showed that Building Fund commitments to date total $2,793,250.00, with Building Fund receipts and pledges totalling $2,715,747.00, leaving an excess of commitments over availabilities of $77,503.00. In presenting the cash position of the Building Fund, it was reported that about $179,000.00 of pledges, commitments and other anticipated receipts have not been received. Included in this �• - i • .,. t: - • n t • • r • Cl il • ... •f1 :t D r r ri:r r ' l ( .. . • rf:t b b :t... m '{ h •) ' ( r'i • • r C JL! t: .., • '( T ,51. . l q ".ClJ C • • -t 1' r.., • ... • ., :to . • J • • • j • l -, ...I r Q • .. f 'lf. •I 8 1. f . • • .... C: I .I. .. • • [ • ·c.: f • 1J t.. £., • ... . • .1 • .c. w • ' l 1 [ o.t .) • J rmnu • • .., G • .. rfc , • 1 .. . OJO • " • L> • 1 ◄ • ,: • j • L • �217 -7- amount is $~0,000.00 from the Barnett estate and $139,000.00 of unrestricted Development Fund pledges and commitments. 8. The Report of Gifts received by the College, for the period March 15, 1962, to May 15, 1962, was reviewed and ordered to be attached hereto and made a part of the minutes of the meeting of the Board of Trustees. 9. President Spragens reported that the College has received $10,000.00 from the Kellogg Foundation for the purchase of library books for the College's teacher preparation program. The President stated that these funds are to supplement the College's regular expenditures for library books, and that the funds are available to the College for a period of three years, or until totally spent. 10. The President reported that the College is the beneficiary under the will of Miss Patty Nichols, and it is estimated that the College will receive about $16,000 for scholarship endowment from the estate of Miss Nichols. 11. President Spragens stated that annual reports from the administrative officers of the College had been sent to members of the Board of Trustees prior to the meeting. He stated that the President's annual report would be made after the close of the 1961-'62 year, and that again this year he planned to print his report for distribution to alumni, friends of the College and other interested individuals, foundations and corporations. 12. President Spragens called attention to the Registrar's annual report; revealing an improvement in the retention of students at the College compared to previous years; that the scholastic average of men students is showing a steady and encouraging improvement; and that the scholastic average of the women students is remaining at its high level. 13. The President stated that the competition for new faculty continues to increase but that the College has been able to fill its four vacancies • • �- l ' • • C2 aJ bns • ..... f ' : . r1 • 1.jnu • "'.( J .. rl-i • • rl ( e io ~CL t (.- l"\ J q- - {'i' - • •• t ( - .., • (' • L "') • ,vj-;;: • nlrab.o -qu~ • l •◄ ..J C' • • b l :t 6 • - • al z.r q 9 a · 5 9:o 1 erlt .I :tr· enc. d n ri · l un .s r .. 11 - l i!J f • • , ., 11 .- """ ( •£ l • ... :t ~ + • j I • • • • (,.,. :, • o· • .. • n .. f . I . ):t .r.c ") Et r • r( • . a J:t n i.Jn wJ t ( <> • r-.x •• \ J • ,.. ~ • (" . 0 • nn1 _, I •.6J.tf; . r u • H L J. f .L r ) \•l r. -l • • :t('\' rr .. 'l . s. . · ods --:r r • t l' . • =.to • :r. 0 .. 0 n .i:S q ... .[l • , r • f 9Q"..9 c:: d .s 1 j ·f-1- • .. -v · 1 ·r n• . rl :t - 0 • ... - J • ~ fj .L ... • ~ !.) • W9 J ( j- 9 ~ -. b • 0 f • 0 o rn.s • V -,(1 b • .. 00 , 0 - • 0 r'l E • l !) f/lSrTIJ" • ..c :trr 1 • ...,J 4, J 1{.., :t n . b ,., ci ) c· I .I �218 =Sand three new positions with outstanding and well qualified persons for the 1962-'63 year. He further reported that the College is on the AAUP honor roll for improvement in faculty salaries. 14 . President Spragens reported that the College's long-range fiscal planning study has been delayed due to revisions in auxiliary enterprise expenditures . Centre is one of ten colleges participating in the study, which is being financed by a grant from the United States Steel Foundation to the Association of American Colleges . The President stated that the study would be complete in about four weeks . The plan would be presented to the Trustees' Finance Committee for review and study and for presentation at the next meeting of the Board of Trustees for its consideration and adoption as a general budget program. 15. The President stated that preliminary work has already begun on the College's Self-Study, to be conducted during the 1962-'63 academic year in cooperation with the Southern Association of Colleges and Schools . The President reported that Dean Sweeney has been appointed chairman of the steering committee. Eight committees have been appointed to study the various phases of the College's program; these committees are the following: (1) (2) (3) (4) (5) (6) (7) (8) 16 . The Pul'l->ose of the Institution Financial Resources Organization Educati on Program The Library The Faculty Student Personnel Physical Plant The President reported that the administration of the George F. Baker Scholarship Program has been extremely successful in its first year at Centre. He stated that six capable young men were selected for appointment as George F. Baker scholars for the 1962-'63 year, and that each of those appointed has accepted and will matriculate at Centre in September. �-· • , ' I • • . .. ' _l I • r • . • • • • • • J. J r • .( J. .. • • ... • .. • • • - .. •• ' • J • 1 l • r ) • ff • • .. • •• • • . .. • • • - t • J • - • • • • n • • • • • I •I .... n , f '(l • I • ' • • T • \ - • ) , + .,. •t • - •r - a• J ' t • • • .. • :t 0 • - F. ' • ,· - a ' [ • • • • �► • -9- 17. The Investment Committee report was made by Mr. Boles, Chairman of the Committee. The Investment Committee believes that the College has a sound investment program, and that the securities held in the portfolio are of excellent quality. Mr. Boles reported that on May 31, 1962, the College received from the estate of J. Rice Cowan securities with a market value of $146,012,S0, and those securities have been added to the College's invest- ment portfolio. The Investment Committee recorranended the approval of the following: a. That Centre College release its mortgage on the farm which Professor Roy Ellis gave to the College as additional security at the time it made a mortgage loan to Professor Ellis for the purchase of a home on North Third Street, and that the College retain the mortgage on the property on North Third Street as its sole security. b. That the College sell 500 shares of Universal Match Corporation common stock and reinvest the proceeds from the sale of this stock in accordance with a recommendation from the United States Trust Company of New York and approval by the Investment Committee. On mot ion by Mr. Campbell , seconded by t1r . Lively, the Board of Trustees approved the above recommendations of the Investment Committee. 18. Mr. Van Winkle, Chairman of the Honorary Degrees Committee, reported that the Committee recommended that the College award an honorary degree to the 1962 commencement speaker . On motion by Mr . Baker, seconded by Mr. Rogers, the Board of Trustees approved the following: That Centre College award to Harold Holmes Helm the degree of Doctor of Laws on June 3, 1962. Mr. Van Winkle reported that on October 27, 1961, the Board of Trustees approved the award of honorary degrees during the June 1962 commencement program to the following distinguished alumni of Centre College and Central University: Charles Harold Parsons, Doctor of Laws Paul Morris Watson, Doctor of Divinity Samuel Van Arsdale Noe, Doctor of Science in Education. • I , �• •l r • • t 1,n. o J • • ;I V • ,. l 6. • j • •• • b r ... _ • ,. • • l.,. .LJ_ 'l f' c::, ... Cl ~ .... - ·:t - I;.) • . r Ci • - ' ... .J ~ J .. l I 11(., • \. C ! ....,.., :, .- r.f . 'lO s 9 .:t 0~ c'") :t J..0 • .-- ' (:, - !10 • ' ) f •0 - ,,I • ... ffi(" ' • 1' 1 ' .. .. r • • D , .... J . :I ;.+ - la..; - J. • ,. 9~ \ . •l ~ J.itC uU:3 :rz ..... ""' sri"" :t ·- ' .0 ".) ~ :). ':l • °' 1._ C1 C :t • lu TI 15 • • . ~ e· Ile ... ... ::, . • • r ► • .... 9· .. • :t::te j • "'f J OOc I! L ' ' ·T • • • /:!- 0 • "" • j- '!'"' (i - ' 9~ 1 fi n:t :ti. ::J • • c,_ r i-- i .5~ c..- WI ·r C :0, • .... • f' Q C! rnI • -~'l • r +- • - l ~ • .. { ,._ • f _...., o:t ~,r::- ~ ..) .. l 9 • • aj .r m l~ .. r • .. :t • l, .. rl .. 1i ' • .r I." o. •9 • ... 0 • - E -· V • • r j .. 0. r r!{ ~ ..,!J - t .. .. .... c.!1C -- • ., t !:> .; f .. • - ..d b ff • J. o:t 0 I '. . •\ -- " .,. ...., rJ • ' l t " u 'T' r 1 - .. { C m • n {. • C- ' - .. }~ l1 C -:t ..I. • I y T J • l \ • 0 • 'J • l. a [ • -r 1 C • • C: • (j (" • • • - .. j .J•. • I r q �-1019.I Mr. Lively, Secretary, made the report of the Executive Cormnittee, which met on June 1, 1962. a. The Executive Committee approved the sale of the property located on Maple Avenue, formerly used as a residence by the Phi Delta Theta fraternity, and that the proceeds from the sale of the property in the amount of $15,500 be turned over to the Phi Delta Theta House Corporation after the College has been reimbursed for expenses paid on behalf of the fraternity in the furnishing and decorating of its new residence. b. Mr. Lively reported that the College's contract with the Slater Food Service management will be terminated by mutual agreement at the end of the 1962 summer school session, and that the Executive Committee has authorized the College to operate its own food service program if a competent food service manager can be employed, or to contract with a professional food service company to operate the food service program for the 1962-t53 school year. c. The Executive Committee approved the President's recommendation of the following appointments to the faculty: (1) Dr. Charles E. Whittle, Jr., as professor of physics and coordinator of research in the natural sciences at a salary of $8,800 on a nine-month basis for the 1962-'63 academic year. (2) Dr. Otis K. Wolfe, Jr,, as associate professor of physics at a salary of $7,200 for the 1962-'63 academic year. (3) Mr. David Hughes as assistant professor of government at a salary of $6,000 for the 1962-'63 academic year. (4) Mr. Thomas Buchanan Looney as instructor in history at a salary of $5,200 for the 1962-'63 academic year. (5) Mr. Austin Jay as instructor in biology at a salary of $5,000 for the 1962-'63 academic year. (6) Mr. Alvin H. Horton, III, as instructor in English at a salary of $4,800 for the 1962-'63 academic year. (7) Mr. Siegfried E. Mews as instructor in German at a salary of $4,800 for the 1962-'63 academic year. On motion by Mr. Evans, seconded by Mr. Lively, the Board of Trustees confirmed the above appointments to the faculty. d. It was then reported that the Executive Committee had approved the following: (1) That Dr. Charles E. Whittle, Jr., and Dr. Otis K. Wolfe, Jr., be granted immediate participation in the College's annuity program. (2) That Raymond Handlan, director of development, be given 220 ~ • I , �- 01- ,--n "t" a 'l •e • VO • n.c .. . _!J <,;;,nJ-rl .D!1l:1 j- ~ n -- •":'I L A. n:t !. ·lo (I 12 .. l t!:J- .• V1 .:tor, :tn ll Jr;r '(d b 9rfj .90'l .6 .. vJ-:t _j -- f;o C\ ~ - ~, ~ (.t • • .. t.: • 71"1 ..... :.:;J-.J.. _ • • or DL'"A'lq 90 l :x:tiu F-.. o .. -=ibr. • ' ' o: !TU:,"' go - I s s :t1 lrn . ~u _oc s, i :t 10~ -c • r' .r , lJ j rl: i"\'OJ:S 6 • o q s1si~o·~h ~r«-Lc~s £a -~a 1 srf ertT ~rl:t ii . . (I rl:::,'! -9";9 '! 1.0 ru~ ~ ·- l . -&J rrsmJ·:a.1.tc qq.6 1 J ) 1 j ., , L cSi - i .i t f j· 'l r,rse r -l " ..r VO'lQ<l£ d 5":} ~ • ·s 9 j t~ c !:31:0'l.C -S:r3 .J. erf:t (.;. - I .d V V 'l~mmu2 o(l ;j( 'S .... Dn$ :to . rl llo~ sd· e .. _o. :t........, e. ,. ..., :t • 0~ • f:, ol J·11J -1·9 _ . 0~ 5 .r ffl 0 :r 9~ • £ \. • '!O C: ..c ·sbnLJITL t ' ,.... ' i:oq._.N • "" .6 • rrs I L. • <.> .io:J srlJ- J .5rf j .b • • d ll 11.•1 J !19( .. rl!J8 c.j s :t;, j c 1)9\!0iqmn ~'"'{..., 10 o:J 0 Ort \'O .. J_, - b d ~.srl ::I • J ! J j 9£!1 ~ AJ.i . . Jl rro • • • ~ .!. : l. :.) 3 ''T b~';'or:toq.s ... V \ s c;, b~a!J , I• • •O t • ,.1• r ...rf 1' :t r t _. ... , ()• Q 1 \ • r C t"c[Z - :t,1L 0 > ~ r{:t "f 1 s .. u0I 1 .... ' d ri~J-5 rr i t .. • b .. 9rf-r •• rl::1 :{ IO • ·_(\ ' 1 i.CO"tq 9 • . .,.. .ro~J £; a 'ld ~ xu l l • .l D~OO;J 008. 8 ~ IO =: ,. e1:l o\\ . >I 00~ \'': _o • ~erl~!J1 .. b: , 00 c ~~ ~o Y. s t.1:.1a • tP .::rf .' t 'lO :tOU 'I- '">( .i y_er O 1J ~ns. o ~ ~smortT . ~~ . r:c ~ 'msbi~ ca -su 0 [ ~nj ~ ~ oo~ r2e ~o -~~1~a ,-1;, .lo id 11 • f ... '{_ O! • s 1o iai l31J n· ~-,~L l1a ~srs- s ! E n£m ~D D.605 l • "IL j j , iE £ £fl o\, 1 ~oj~u~t nl G a19: ,.. t A l c.,. - • [.[ ') ' b i.s • rt :t !1.L 'XL ... n .r ., • 1f j 'l ~ t • 0 - ::Jt!J l~ srl::t en., j J -: ~ fJ.i: \•l .!.101 e. j B f.j i. .. • slr:csrl8 .. • a CT£"! • • ..I.. q 9d ·t rreni l:V b ~ot!)e'l i: b • :rsr!J" bs;-rrocf~'l £jtl ri.J • u. • J: :).( j (a } . ry M I (c) OOOc:~( bsl~~t~·~ €a 1 -~D l 9rl. o ~ v l1.u ~'.'l x3 C • .st nl:t:.u·\ . ""i lA .~I 008 . ~~ ~o ~~Bls z J _ ~ e:t:tlrnn10') 3'tO • )1 :1 ~r1 r t?£ • 3 1 - . [ f. 0 las ,Ir . no1~oH . H , -~ X ~lm9bs f,9 C _,,. £3 ' -~del .i,J 1 ' ! OJ !l Ib s!i I, tm H • l l) i ~c q 1 : s rl1' C') .b rfo • rf • �• I -11faculty status in accordance with the provision of the Articles of Organization governing administrative officers of the College. On motion by Mr. Evans, seconded by Mr. Baker, the Board of Trustees confirmed the above action of the Executive Committee. e. Mr. Lively reported that the Executive Committee had adopted the following: That upon approval by the Construction Committee, the College be authorized to negotiate for construction bids for conversion of the former men's dining hall into an infirmary, to be known as Parsons Health Center, and to proceed with a contract for the construction project if a satisfactory bid is received. On motion by Mr, Lively, seconded by Mr. Baker, the Board of Trustees approved the above action of the Executive Committee. 19.2 Mr. Campbell, Chairman of the Nominating Committee, presented that Committee's report, nominating the following persons for the office of trustee: For terms expiring June 30, 1968; Frank H. Caldwell, David F. Cocks, Dr. R. w. Robertson and J.M. Van Winkle. To fill a vacancy for a term expiring June 30, 1967; Enos Swain. No other nominations were received •• Ballots were then cast for the election of four trustees for terms expiring in June 1968 and one trustee for a term expiring in June 1967. Each of the following nominees received eighteen affirmative votes and were declared elected: For terms expiring in June 1968; Frank H. Caldwell, David F. Cocks, Dr. R. W. Robertson and J.M. Van Winkle. For a term expiring in June 1967; Enos Swain. 20. Mr. Campbell announced that there are vacancies for terms expiring in June 1964 and June 1967, and the C0mmittee would nominate persons for those terms at a subsequent meeting of the Board of Trustees. 21. The Board of Trustees noted with regret the conclusion of the terms of service of Mr. H. Bruce Price and Mr. Robert S. Tate. The Board �• • srlt :). v .., .r";\ :i ' . L • r j· • • . J • 1 ... , .. r • • • • .J. ., • • " ,. ... 9 C • • 10 .r T' 0 • • rl j ... ~- 'i (.;. C ... 0 r_ J .. b.r.• - • n J ~ !'111 4.( ,. to_ 1 • ,, r ... - n . , u .. J..l ..... c:, • - • 1: CT • di .tIO .. • • - b ·v-.,· - • C ·r • t • 1. • • srru l • • • 'l . b :,.L ,.. ... . - r 0 ·::> ol \ • • • ... • ...,. - ... .... - • b ' .. • r - 1 1 • - [ .. (i ( t ~ .. I ' '.1 { - • • • L . • I ,... C r C'! I r n j s j ( .l :1 • s u r f .l • .ut n .. " • b o:l .j l e .., q \. • r. • ... r. • - 0 J rr • L t • £l nr l.,. • I'( . . 1P.l . .0 • • .. ,,L r • ) • ') •• I , f!~O ' o ... -..jjr : J f • 1 [ 4 '.,. . l :t - ."' n• • rl l. • • \ no • u • f :t I 5 • • .,I .L • . f r :,r, ~ \ • I I • 0 �222 ► • -12- expressed its appreciation to Mr. Price and Mr. Tate for their devoted service to the College . 22 . Mr . Campbell, Chairman of the Nominating Committee, presented the Committee's recorrunendation that the following trustees be elected as officers of the Board of Trustees for the ensuing year: Chairman, Elbert Gary Sutcliffe; Vice Chairman, T. Hunton Rogers; Secretary , Pierce Lively . On motion by Mr . Campbell, seconded by Mr . Van Winkle , the following recommendation of the Nominating Committee was unanimously adopted by the Board : That the officers of the Board of Trustees for the period beginning July 1, 1962, and ending June 30 , 1963 be: Chairman, Elbert Gary Sutcliffe; Vice Chairman, T. Hunton Rogers; Secretary, Pierce Lively . 23 . Mr . Baker, Chairman of the Development Committee , presented the report for that Committee. He stated that the alumni throughout the State, with a few exceptions, have been solicited for support of the capital funds campaign , but that the results outside of the Louisville and Danville areas have not been very encouraging. He stated that the College may be included in Sears , Roebuck and Company's annual giving program, but that the College . had been turned down by International Harvester. Mr. Baker reported that the College is planning a program to bring small groups of interested persons to the campus during the fall months. After a discussion of this program it was generally agreed that the College should formally establish a group of friends and alumni to advance the total program of the College, and such group would have an advisory and working responsibility of assistance to the College. On motion by Mr. Frank Caldwell, seconded by Mr. Evans, the Board of Trustees adopted the following: That the College be authorized to establish an organization of alumni and friends of the College, to be appointed by the Development , �• J. • + ' - • • I • ;.J ... • • :tfr l rr •. 9 • !! ("I rt:) • .' ~ f f. r \ • j e •r . .. • , !1 • • ( . lsdo - t ~ • l r.. • n 1n·H. ,c c . ... rl:t ' • ,. u,· vrr s ... • .1.l_ .. . {; • O'!:iJ, -!li" lJ ab!!!jl l .-s I. Z.69"15 . S.[ 1 . ,n.aG bn.s ~!'1 .. 4 .. •1 1 j ~ "'I r - j" ... !i or L ~• • [~ 0. b • I"'\ _.., - ' fl.I. ":} . • j• • r • ·9 _o .c.. • ~ \ !.. r t• • ,0 .. :1 • ..... • ""!).. fJ r • • Cl r . -r • • • • (l.!.:>i'lOl, ff£., 1r I . .. • r 9 r rl bl o · • • . • • • - I • fl r • • f u' l • • .. ... r yLJ • qr • • • J :) ., r1 n 1 • • <.!rl:t.aom r t {! - • 1.L. I • • .l • l 9CT • ' .. ' .. .., • ti • • ) .at':' a..t I f .l. O.C'IQ rr ' L. +r ~- .le't. (i 9tiJ" : '\ n o -Lr: J LJ . !'!Sfil c:J" .. • cl cO • srl:J' b , . ... - ~ e • it • ... - .r. • • .).l ·- .l ~ • 4 c ..... · .tr1 ·. • e d f: • • • • • ' • ... �-· -13 - Committee to serve the College in an advisory capacity and to assist the College in the advancement of its total program. Mr . Baker asked that the members of the Board of Trustees send to the Ddvelopment Committee a list of at least five names for consideration of appointment to this organization . 24. The Board discussed a further development of the College's master plan to consider the development of a library- learning center to be located in the area now occupied by Old Main . • On motion by Mr. Newlin, seconded by Mr . Baker, the Board of Trustees adopted the following: That the President be authorized to proceed with a revision of the campus master plan that would consider the development of a library- learning center. 25. Chairman Sutcliffe suggested that the Board needs to devote a meeting to reviewing the College's current program in such areas as operating expenditures, the condition of buildings and equipment, and such items as are suggested in the annual reports of the administrative officers. He further suggested that it would be desirable to have a competent appraisal of the present library building to determine the feasibility of expansion and utilization to provide modern library facilities. 26. The Board discussed the condition of the auditorium in Old Main pertaining to fire safety. It was agreed that the College should make every effort to improve fire safety through the posting of fire watchmen and fire guards during those times when a large concentration of people are in the auditorium. 27. Mr. Lively reported that the Executive Committee at its June 1 meeting had adopted the following: That the Executive Committee of the Board of Trustees recognizes that President Spragens, in September 1962, will have two children in colleges which do not participate with Centre Co~l7 in its ge program of tuition remission; and therefore that tuition g:ants be made to Thomas A. Spragens Jr. and Barbara Allen Spragens in amounts equivalent to the existing Centre tuition so long as they remain 223 �6 \ t j:._.5 .... "l :T 5, t: ,, "' - : 1-D j" J . j c . • l I• • • • • .t. x,\j a 2/l .J • n t: • i.J. j · t l imo • .! j ' u 't • I eao · 1 m aO • j" OJ. \vOfl - - j • 1lC ....... • _ 1f·, \-1 b oL.-:: .b ~rl:t · 0 .. 0 ~ ... • '-=• b9 fT ~ 1 ....,r -h'. .....,, • :t I r .. Xr r !f' :r1: n..,, · ., brrs ( j11.. ·1 • d~ua a· 1 • l i. 11 0 b .. :-3 ...1:t lb .._... • 2".: !) .r i' 0 f • 1 • sri:r { .! el: ... t • [ f J.U f il l .. ' •r• L.i. .. rJ () .) ... ·- :tr.,n . n • J • ,q -:ro no.r:,1.-:t e'"' 9 r • 8.)ft ( • .;J • i ... u • ITTL' 9Gr... c. :r l 1 s, j j .i:mrn :> _v ~ j • ,:.J n - ~ • , - i l i.:, ~ • C, sd e a-- n~au'l" •.L. L"\ 1£ ,. e· ri .11.r '" cs:ae1 GJ009'l l. I !l V • s l l :) • • rro.r :t .L , rx ~ jfJJ 0 2 - 'I s,· £1 2 • •9£ij .b rf I _J ..I I • I.J E ol o_ IO ~ • I~' 'I a - 'j - t"f • ~-+ • : · • J. • 1. j • or • "¥ I 9 I .. • ~ • • .l .\ T r b~e 1 ... • ob • J -o!:'> s :. f uo .\ ,. ,.j J • •' _'" reii :t • d :r . I: .,,, •• 'I) , 1 • .I. ,... j ~ [ - t;. ... • ( • .r ( �224 -14- enrolled in good standing as undergraduate students in accredited colleges or universities, and that these grants be paid in their behalf by the Treasurer to the institutions in which they are enrolled upon proper certification. The total tuition grants thus authorized shall not exceed $6,000.00. On motion by Mr. Campbell, seconded by Mr. Lively, the Board of Trustees confirmed the above action of the Executive Committee. 28 . The next meeting of the Board of Trustees was set for November 3, 1962. On motion, the meeting was adjourned by Chairman Sutcliffe. Respectfully submitted, PIERCE LIVELY, Secretary Board of Trustees Centre College of Kentucky June 2, 1962 Minutes, Board of Trustees �T. • ~ • ~i 1 6 -..... ,.. t.,J, J fl i 9d .., .... • M • • au1.j (!9 ,1Jj .a !)f. !J.! ~ ... ~ C '"'1 .,1 I).) ~.;., rf 4 .} . • •' T a'-- • 1 .i" 11 :t I b ... .. ' ,,. ,_ ! • L!J.L -t· -.f I V ~.bi - ' .. .o . ~o ~a~ ba 0 ,.,.. 'l'C> • .a. . d. .. rr J ,.. ..,., .............. r j·~ ~'"' :t.::. ... r ➔ - "-' •· j ., • 0' ._ d , ·r Q .., • • • .. rO ~ '.) C • .l ,,. .L • (' • • <. • J 1 • no '{J3V J '!>:) 1 • rp ,!~r1 as){ ~o e ae r , ~ ~:u t • J .! • ' �• • Centre College of Kentucky Office of Development Report to Board of Trustees GIFT RECEIPTS Page 1 -Pe-r-io_d_3_,/,_15-/-62 - 5/15/62 l(LUMNI Al ,unni Fund through 5/15/62 Mr. and Mrs. J. P. Van Winkle Mr. Berry Litsey John H. WaJ J ace R. W. Robertson, M.D. Carroll Traylor, M.D. Mrs • lv. P. Coffman Harry Bird Mrs. J. Archie Bell M. C. Korstange M. C. Korstange J. C. Rieke Misa Christian AJJiston H. Cole looore Lockwood Barr Mrs. Ross L. Malone, Jr. Kenneth B. Mitchell James ,., • Berryman Miss Mary Ann Holl Mrs. Patricia Dwight M1Jler Reverend Arthur Gross Mrs . Arthur Gross Mr. Tom Gr0ss Miss Catherine 1lashbu.rne ?'1:rs • J. B. Shutt Mrs. Billy T. Kelly Mrs. Harry C. Rose Mr. & l,trs • Wnlter B. Mc Maki o Miss Nan B. Caldwell Miss Isabel Caldwell Mr. & Mrs. Scott Glore, Jr. Mr. end Mrs. Jack B. Stith Mrs. Hd J mer E. Evans C. C. Chenault, Jr. Adam P. vlalker Mrs. Virgil C. Kinnaird J ohn O. Raworth Y1rs . Clifford Street Dr. Charles Caldwell Henry and Barrett Nichols Ben Spalding Fi J 1, M. D. John M. Nichols l.frs . Elizabeth P. AJ.exand.er INDIVIDUALS & ASSOCIA'l:ED GROUPS C. W. Lofgran Mrs. Prudence Hendrie Mrs. Prudence Hendrie Warwick Anderson Mrs. Calvin Fackler Development DKE House Fd. Development Development Development Develo:pment Development Development Development Unrestricted Development Development DevelOl)lllent Develo1>ment Development Development Development DeveloJ;)ment Development DE'velopment D"' velopment DeveJ.opment De,...alvpment Development Development Development Development Development Development Development Development Development Development Development Development Development Development Development Development Development Development Development 3,114.00 5,000.00 50.00 25.00 500.00 300.00 10.00 100.00 75.00 25.00 25.00 300.00 300.00 1,000.00 25.00 10.00 5.00 1,500.00 75.00 5.00 10.00 5.00 5.00 20.00 5.00 20.00 25.00 10.00 10.00 10.00 10.00 10.00 5.00 20.00 75.00 10.00 25.00 10.00 4,050.00 25.00 25.00 10.00 150.00 21,830.83 Development Development * Development -tt Development . Development 50.00 550.00 5,650.00 25.00 10.00 �.. - n n -- • ' • • . - \ • • .' • • • V • r: • ' • • • r• • ~ • • • • - .. r j • r • ' • • • - " • • • • • • ' , • ., • • . • .. • - '1 • • ( ,• • • • ' I ( •• ( • .. I • • • , �. ... • ~ift Report for 3 15 62 through 5/L5 62 Continued UIDIVIDUALS & ASSOCIATED GROUPS (Continued) Mrs. J ohn Van Winkle Development Alex G. Chiles Development Walter s. Frankel Development Mr. and ?-irs. ~orne Donnelley Development Page 2 $ 50.00 10.00 10.00 1,000.00 7,355.00 HURCHES PRESBY 1.l.!ERIAN U.S. Second Presb.Ch. Lou. Ky. Synods Com. on C.E. Synods Com. on C,E. First Preb. Ch. Ft. ~omas Bowling Green Presb. Ch• KYSEC Bellfonte Com. Ch. Ashland Bowling Green Preb. Ch. Synods Com. on C.E. Development Vocational Guidance Unrestricted Unrestricted Unrestricted Restricted,Plant Fd. Unrestricted Unrestricted Unrestricted 5,000.00 366.90 777.00 40.00 50.00 3,000.00 37.50 50.00 777.00 Unrestricted Development VocationaJ. Guidance Unrestricted U:--re 1tricted Unrestricted 100.00 25.00 315.00 750.00 100.00 2,975.00 PRESBY'IBRIAN (UPUSA) First First Synod Synod First Board Preb. Ch. Ashland Presb. Ch. OWensboro of Kentucky of Kentucky Preb. Ch. Ashland of C.E. :'0UNDATI0NS ICTCF,(designated gift F. w. Means & co.) Unrestricted 0RPORATI0NS General EJ.ec. co. (Match. Gift)Unrestricted H. T. Soaper & co. Development Slater Food Service Unrestricted Caldwell stone Com:pany Development GeneraJ. Elec. co. (Match. Gift) Development General Elec. Co. (Match Gift) Al11moi. Fd National Merit Scholarship Scholarship Aid 'ACULTY & ADMJNISTRATI0N E. M. RaJ J 4,265.00 50.00 50.00 50.00 5.00 200.00 1,600.00 50.00 25.00 300.00 2,230.00 Thomas A. Spragens Larry E. Noble Charles Lee Development Development Development Development 10.00 15.00 5.00 5.00 USTEES Pierce Lively Miss Mary Ashby Cheek Miss Amelia Yerkes W. P. Caldwell Norris Armstrong Development Development Development Development Development 500.00 25,00 200.00 100.00 20.00 35.00 845.00 �' - • • • L • . • • • • f • • .. • • r ..> . • • • J • • • ' �227 .ft Report for 3/15/62 through 5/15/62 (Continued) Page 3 • )TAL Aflm.JNT · OF GIFTS $46,709.23 - . Utilization • Al, ,roni Fund (Inc .matching gift of $25) $ 3,139.00 Develonment 33,506.83 Unrestricted 5,981 .50 Vocational Guidance 681.90 Scholarship Aid 300.00 100.00 DKE House Fd. Restricted Plant Fd. 3,000.00 $46,709.23 * 'Ibis gif't is for scholarship or student aid under development program • • ��228 • Minutes of the Meeting of the Executive Committee of the Board of Trustees of Centre College of Kentucky, held in Louisville, Ky . June 27, 1962 The meeting convened at noon at the Pendennis Club in Louisville. Present were Chairman Sutcliffe , Miss Cheek, Messrs. Armstrong, Baker, Barr, Campbell, Lively, Swain and President Spragens and Mr. Rall. 1. The meeting was opened with a prayer by President Spragens. 2. The oath of office as trustee of Centre College was administered to Mr. Enos Swain , and he was formally welcomed to membership on the Board of Trustees, and the Executive Committee of the Board of Trustees, by Chairman Sutcliffe. 3. The report of the Treasurer was made by Mr. Rall , and he stated that, unless an emergency situation arose, the operating budget of the College should approximately be in line with previous estimates which indicate that the Operating Fund will show a slight surplus for the current year. He reported that there has been no significant change in the status of the Building Fund since the June meeting of the Executive Committee and the Board of Trustees, which listed an excess of Building Fund commitments over availabilities of approximately $77,500 .00. 4. President Spragens reported that the Housing and Home Finance Agency has reserved loan funds in the amount of $375,000.00 for the construction of a third women's residence building at Centre College to house 88 students. In discussing the College's ability to amortize a loan of $375,000.00 for the construction of a new women's residence, it was noted that present room rental charges of $270 per year do not produce sufficient revenue to pay operating costs and amortize loan funds with H HF A. It was general- ly agreed that the College needs to consider increasing room rentals from all students by approximately $30 per year. • • � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees Description An account of the resource Minutes from the Centre College Board of Trustees. The Centre College Board of Trustees collection was compiled from a mass of papers found in various campus locations in the early 1980's. Since no clearly defined subdivisions existed, the material was simply divided by type of document, assigned a series letter, and then arranged chronologically. Series A, approximately half of the collection, consists of correspondence to, or from, members of the Board and the secretary and financial agent/treasurer, who served as agents of the college's governing body. A significant percentage of the collection deals with fund raising efforts by Centre, and efforts by the financial agents to collect on subscriptions made to the college. Other prominent subjects include: The Kentucky School for the Deaf (then known as the Deaf and Dumb Asylum); efforts to select presidents; faculty relations; consolidation (and aftermath) of Centre and Central University (Richmond, Ky.); consolidation of Centre and Kentucky College for Women; Carnegie foundation grants; and erection of college buildings, particularly Old Main, the "new" Boyle Humphrey Gymnasium (Sutcliffe Hall) and the old octagonal Sayre Library. This collection of correspondence is largely a "patchwork" collection and by no means covers all the vital issues tackled by the board since its inception. The correspondence, for example, from the 1820's to the 1850's is quite diverse, while the correspondence from the 1860's deals almost exclusively with efforts by the financial agent to collect on delinquent subscriptions. A central figure in much of the later correspondence is John Adison Cheek who served as treasurer of Centre from approximately 1889 to 1933. Series B consists of perhaps the most important chronicle of Centre's history - the volumes containing the minutes of the Centre College Board of Trustees, 1819-1853, 1863-present. Minutes from 1819 through 1979 have been digitized, and are available from the Centre College Digital Archives. Interesting circumstances surround volume 2 of the minutes. The volume had been missing for at least forty years when it was discovered by Dr. Miller Hillhouse in a shed between his Danville house on North Fourth Street and the home of Miss Mary Ashby Cheek on North Third Street. The minutes were believed to have been placed in the shed along with other old books and papers in the mid-1930's after the death of Miss Cheek's father, J. A. Cheek. The fate of the volume containing the minutes from 1853-1863 (one of the most interesting decades in Centre's history) remains a mystery. Series C contains miscellaneous reports written by the Board, or committees of the Board, while Series D contains miscellaneous papers concerning the Board, including certificates or pledges for members taking the oath of office and texts of speeches and essays by members of the board. Annual Reports to the Board may be located in CC-2 Centre College Presidents. Public access to Board minutes may be granted for those minutes for which the President is no longer living, or 25 years past the date of the minutes, whichever is longer. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1819-1979 Rights Information about rights held in and over the resource All Rights Reserved Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books Text A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Physical Location Where item is located in collections. Centre College Special Collections and Archives CC-1 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context CC_001B_Board_of_Trustees_Minutes_Book_11 Title A name given to the resource Centre College Board of Trustees Minutes, Vol. 11 (1960-1963) Creator An entity primarily responsible for making the resource Centre College Board of Trustees Date A point or period of time associated with an event in the lifecycle of the resource 1960-1963 Description An account of the resource The official recorded minutes of the Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Danville (Ky.) 37.64569, -84.7836946 Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource minute books Language A language of the resource English Rights Information about rights held in and over the resource All Rights Reserved Subject The topic of the resource Centre College (Danville, Ky : 1918-)--Board of Trustees Centre College (Danville, Ky : 1918-)--Minutes (Records) https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/9c9001144c873403eef5d6f42ea61981.pdf?Expires=1776902400&Signature=tOruqwuxLTY05tIa13z5y5AUqZWRHILXU96%7EsW1vsqVqv07u3nXD1rr4MFLlvOglxlXHa7LzkaQgxGfCU5Ss8bNH-5-dbvnpS%7EEavHOLd4IUcCcdh7EHReQOe1CsLuz-ErexcTyiuUsbh5bDN%7EE7MplJZvgpFI7UOQLzduEqQy4ZR6fom2E4WRBCXg2DFCWFLHPIY43MWo200THUPX5LaswmvhDe%7Etd1PE4A5rsWMz7AOkjRLL-7t7j-4qz%7EL9N1aTyK4wSQa1pB8EV4YMK52rHTpN0JkwxZPSWbE6VXdV6pe4bCFv3UBlaHxb87tMcyAlmkoCWXnFCR2wSCZMrmgw__&Key-Pair-Id=K6UGZS9ZTDSZM c81c9945054c71f8136dfa399d9764cb PDF Text Text ��, THIS BOOK MICROFILMED APRIL 19, 1966 • • �•• • •• • • • ► • • I • • •• • • • t • • • • • • • • • • • . ,.. \ • • -· • •• • • ... .. • - • • • • • • • •• • \ • • • •• • • • , • • 1 • • r • • • • • • • r • • • , . I �-2- at a later meeting of the Executive Committee. Presid.ent Groves reported on an offer from Dr. Charles Cald,i1ell of Danville and ~1r. Forrest Ha11noim of Kevil, Kentucky, of some prefabricated housing ,.,hich might be useful either for faculty or student so The :Buildings and Grounds Committee of the Board of Trustees was requested to look into this matter. Mr. Armstrong reported for the Trustee's Committee on Fraternity Houses on the experi ence over the past five years in the operation of frat ernity houses o,.,ned in part by the college and by the fraternities. Follot-ring a discussion of this r eport, it was voted (a) that the secretary be instructed to get in touch ,-.,1th an alumnus from each of the fraternities to serve on a committee to assist in the regula tion and supervision of the fraternities of the college,and (b) the Fraternity Committee of the Board of Trust ees was r equested to make recommendations for the futur e operation of the fraternity houses at the next r egular meeting of the Executive Committee. President Groves r eported the resignation of Dr. William Merrill, head of the Department of Economics and Business Administration, submitted June 22, 1955, to tak ".l effect A u.gust 31, 1955(\ It l•T v0ted to c0nfirm the acceptance as of this resignation. President Groves reported the appointment of Dr. Aubrey N. Snellings as assistant professor of econom ics and business administration at a salary of $4.600 for the nine months of the acad emic year. It ,.,as voted that this appointment be confirmedo (See biographical sketch attached~) President Groves reported on the s1 t\k-:\tion the ~iei siger Art and r~uslc Building as follows: ,,,i th regard to the cost of Total of original contracts for lo,-1ering choir room in the basement two feet, add $203,928.00 t-1arch 21, May 31, for changing to a d,1al fuel burner, add July 14, for changes in stage lighting, add July 14, for revisions in electric wiring in basement caused by lo\lrering floor, add TotA1., July 22, 1955 Architect's fee, 6~ of above Grand TotAl to date 1,720.00 1,228. 00 1,011,63 136 . 00 2oa,023. 6J 12,481.18 220,5~.81 Other fo~eeable it ems to be added later, Chalk board, cork board and picture molding,add 750.00 Dimming equipment 3lready purchased, add 600.00 �•• • • • • • • .. • • , • .. ' • -.. • • • • • • ~ • .. . ' •• • •• ( • .. ... • .' - ~ 1 , \ •• • ..•• • • • ·, • • • ' • I • • • • • • • r • �3 -3$4,000. 00 Au.ditorium seating( see below)add Scree~s for second floor classrooms , add ? It \'las vo ted that the purchase of 250 seats for the auditorium at $16. 00 per seat installed in place be author1z ed 0 r-1r. Caldwell reported t he compl e tion of the fir e escapes in ?viain Hall and Young Science Hall. It was voted to pay $12~329. 00 from the Rush estate as prev~ousl y authorized. It was voted that M Lo ~an Cal d\•Tell be authorized to pay Horky & r. Ni ckelson $459.58? this being the balance of the bill for g radi ng the south end of the athletic field. The foll0\'1ing r esol ution to enable I'4r . Logan Cal d,.a1ell , treasurer, to br rrow up to $125,000.00 from the Kentucky Trust Company to complete the ,'leisiger Art and Music Bu.ilding, pending collections fx·om the KYSE0 campaign ,..,as appr·oved as f' ol! •.)lJTS ~ It \'1as m0ved 9 seconded, and carried that l•iro Logan Cald,..rell 9 the Trea~urer of the C.:>lleie-;e , be author-i zed to borr o,,r f r om the Kentucky Trust Company of Louisville, Kentucky, the sum of One Hundred and Twenty....f i ve 1 Thousand Dollars $125~000000) or such lesser sum$ as may fr om time appear nece.3:::;ary not exceeding One Hundred and T,,,enty--:ive Tl1ousand Dollars (~125,000,,00) in the agg1·egate') the sums sc bor~u\•Jed to bear interest at a rate to be negot1ated by the Treas·u.rer and to be paid on er before ten (10) years from date but in no case ,..,1 t )1 principal installments of' less than one-for tieth (l/40th) of the total arn~unt borrowed payable each thr ee (3) months from date of loan or loans and Mr ~ Caldwell is further authorized to execute the necessary papers and instruments to secure such loan or loans in accordance with the letter of the Kentucky Trust Company dated July 18, 1955 , and to assign and pledg e the income from the unrestricted General Endol,nnent Fund of the College . I-h-o Ike Lani er r eported the appointment of the follo,.,i ng spec ial committe e for the completion cf the Vinson Memorial, Messrs. Di ederich, \vachs, Baker, and Blazer . l4r . Ike Lanier r eported on the meeting of the special committee , July 22, 1955, to complete the Vinson ~temorial proj ect. Mr. Baker reported on a r ecent meeting of the Executive Committee of the Ken tucky Independent Collel!e Foundation at \'1hich ,,,as considered the problems rais ed by contributions to the Foundation from certain businesses. M Baker r eported that the Executive Committee of the Foundation passed the r. follo\'1ing resolution . That the Executive Committ ee ascertain from member colleges ,t1hether or not , if the Kentucky Independent Coll ege Foundation should reconstruct itself as a comp.:.etely autonomous founda ·t 1on for higher education in Kentucky \•ri t-h no member coll eges and no college Advisory Committee , and th its po:!.icies in full control of a businessmen 's board ~f trustees , tl10s0 colleges l.'1ould accept con t1·i bu.ti on a from the foundation, not necessarily equal . ,.,i �, • • •• • • ••• • .. • • .. • • • • �-4It was voted to approve the reorganization of the Kentucky Independent College Foundation as stipulated in this resolution and that word of this approval be,sent at once to Mr . Bruce Dudley, Executive Secretary of the Kentucky Independent College Foundation. Mr. Lanier r eported the appointment of the following committee on a general promotional campaign for Centre College, Messrs. Baker, Benfield, Campbell , E. T. Boles, and Walter Frankel of Danville. Kentucky. Mr. Lanier r eported on a consideration of a proposed development program as suggest ed by President Groves. The special committee appointed by Mro Lanier to consider a development program of the college is to continue its studies and report further at a subsequent meeting of the Executive Committee. It t'1as voted that the Executive Comm! ttee express their appreciation for the hospitality extended to the special committees of the Board of Trustees as well as the Executlve Committee, enab~ing them to meet in the meeting rooms of the Courier ~ournalo It ,.,as voted that at least three meetings of the Executive Cl'\m.'Il5.ttee be held outside of Danville during 1955-19,6~ Adjournment. F o Pierce Lively Secretary ' �•• • • - • • t. • • , • • I • • ' • • ' ' • • •• • • • •• • �l.finute a Executive Committee Meeting September 30, 1955 The meeting was called to order by the chairman, Mr~ Lanier. Prayer was offered by President Groves. The follo,.,ing members ,,1ere present: Messrs . Lanier, Logan Caldwell, ,,; . P. Caldwell , ,vachs, Armstrong, Van Winkle, Gosney, and 11vely, and President Groves . The minutes of the meeting of the Executive Committee of July 22,1955, \'/Ore approved as circulated. The report of the registrar, Mr . John t,f. Frazer, for the enrollment at the fall semester 1955-1956 was presented,showing a total enrollment of 420 students, of ,,,hich 410 are full-time, 2.54 men, 166 women. This figure of 420 compares with the enrollment of 371 at the same date a year ago. Of the total of 420 , 173 are new students of whom 112 are men and 61 women. The Business It.anager presented the report for the financial operation of the college for the fiscal year September 1, 1954 through August 31,1955, which sho1•1s an o:pera ting deficit of $7 ,005 . It ,.,as :pointed out that this deficit ,.,as b rought about by several 1 tems, mainly overexpend1 ture in the instructional budget, and decrease in earnings in the food operations of the colle 6 e compared ,.,1th budgeted expectations. It was voted to receive this repo rt. President Groves presented the proposed budget for the fiscal year Septembe r 1, 1955, through August 31, 1956, as worked out by Mr . Arnicar, the b u 8iness manager , and himself. This budget shows an expected income of $532,984. 00 as against an expected expenditure of $5)? , 016.94, for an expected deficit of $6,032. 94. It was voted that this proposed budget be recommended to the full Board for adoption as the final bud.ge t for the year of the college . (See copies of budgeted income 1955-1956 for operating fund showing comparisons t•ri th actual experience for 1954-1955 and 1953-1954). It was voted that l ir. Arnicar be authorized to borro\-t up to a limit of $50,000 ae needed for operating expenditures from the Farmers National Bank and the Citizens National Ba.nlc of Danville . 1 It 1•1as voted that Mr . Logan Cald,-rell be authorized to pay $702 from the Rush estate for the additional fire escape installed in Young Science Hall . Mr . Norris Armstrong reported on the situation of the fraternity houses t•rh ich reveale that only seven men are 11 ving in each of three of the fraternity houses. There also was reported the several meetinge with al11mni of the fraternities and Dean Ullrich, dean of students, and it was stated that further meetings are planned. It was requested that the Trustee s Committee on Fraternities have a further report ready for the November 5 meeting of the full Board. 5 �.. • • • .. • • ... ...... • .. • J • • • • • • I • • • > .. • .. • .• ' .. .. • • I • • r1 • • • I • .. • .. .. • • . ' • • • ,, • I • •• • • •• t • • I • " • • • • ,. ..... .,. •• I .. I .. "\ • • • • . ... • • , • • • • . •· • \ • . ::. ' l • • •• ' • .. • • I .. I . • \ • • ' • • • • • .. • • \ ••• ' ., , • • • ,,. ... .• .. . • ; .. ,• .. • , . .. .. .. ..•• ' "J • .,.. .• 'J ••• • •• • • • ,. , • ' • ... • • ' • .• . • • • • • '. • - • I I • • • • • , • •• • • • I . • •• \ • , .,. • •' •• I • • • • ' ,, I • :- t I .. .., c·• • • • .. I .. ' • ..' • • • 1 • • ., .. • •• • , • • • • • .. . .. . ,... ,• • .. • .. • I • .. .. J • • . '. • • - ., • . , • f • '• • • .. , • • . , • • • • • • '• ' . • • ,, • • • • I • .. • ' .... \ . • • • • • : ... . ...... • • • ,... • • I • .. , • - . . • I • • .. • • • .. • • • • • .. •r •• • ')'. ••• • • • ,. • .. ,. ·, • • • • • • . •' (. • • ' •• I • •• • • •• • .. ...... ,. - ,. ... ," r . • l t. .- . • r ' • • • ..... • •I • • • • ' • • ' • • ' • •• •• • • • .. • • • \ • • .. • • ., • • • • • • • \ • • ,• • ... • • • • • • , • •• •• . • • • '"t • • • •• •• • ) • • • .... •• • • • • . • • , �6 -2President Groves made a full report on costs of constructi on of the t•Teisiger Art & }.fusic Building, to~ether with anticipated income to cover the se costs . Following this report a further report was made on the situation 11ith rega rd to the special bequest of Mias Emma Weisige r of $10,000 for the equipment of the building. It was voted that faculty members, He~s rs. Hill, Kellam and Steere, be requested to bring in a r ecommended list of minimum n~eds f or the equipment of the building which shall total not more than 6 ,?00 , t he balance now in that equipment account after expe nditures of some $3 , 950 already made have been deduct ed. (It should be noted that tbis fund has earned inte r e st of some $650 which has bee n added to the original total of $10 ,000 . ) Mr . Lanier reported on the work of the special committee on the Vinson Memorial, stating that a lu.nche on ,i1ill be held in ,vashington, D. C. on Oc t ober 6, ,,,ith Dr. Fred ~·'. l•iorrison at ,.,hich Trustees Blazer , Diederich, and himself and President Groves are to be present for the purpose of laying plans to ccmplete th e campai gn in '\t/ashington and els e,<1here. It ,,,as voted tha t the Executive Committee express its sympathy to Dr. Ch~rl e s T. Hazelrigg , h ead of the Department of English, on the death of his fat hdr. President Grove s r eport ed tha t a joint mee tin~ of the Trustee s Committee on Gene ral Promo ti on a nd the Alumni Directors Committee on General ?remotion is cal led for . 10 a.m~ October 15 , 195~ . Adjournment . "?. Pierce Lively Secr etary �• • •• • • ) .., �7 • C..~1TRE COLLEGE OF l[..J.NTUCKY Bud1et of Income, 1955-56 Operating Fund Budgetted Sept.2J,1955 • AuxiliAry Enternri~e~ Residence Hall , 1Tomen' s Dept. Residence Rolls , \·lisema n Res idonce Halls , i1c.Heynolds Re~idence Halls, Breckinridge Centreville Dining Hall, \·lo"tlen ' s Dept. Dining Hall, Men 1 s Dept . Tea Roori, \'lomen I s Dept. Coffne Shou ... ]ooltstore & Postoffice 61 ,44.3 .11 19,812,93 15, 229.52 96 ,485.63 16,000 . 00 18 , 000 .00 34, 000 .00 16,382.06 18 ,414.04 34 ,816.10 15,007.31 7 , 539,76 22 ,547 . 07 5,700.00 1,400.00 .oo 11,000 , 00 F.ducation~l-Belated Whitney Foundation Vocational Guidance Resear ch Program 62 ,189 .37 20 ,832 . 20 18,078,38 101,099.9.5 1, 000 .00 Gift~-Church ]oards Synod of Ky . U. S. Bd . of Christian Fducation, U.S.A . 61,500 .00 20 ,947. 00 20 ,340 , 00 102,787. 00 .oo Endowment Unrestricted Real Estate (Unrestri ct ed) Res tricted 193 .334.58 1,852 ,0J 19.5,186.61 191,0J8.18 205 ,500 . 00 Stug.ent Fee~ General Fees Other Fees 19.54...55 204,215.00 l, 28'i, OO I llCOME Actual 800 .00 12 ,000 . 00 10, 000 , 00 10, 000 , 00 17,100 .00 10,800 .00 22 ,635 . 00 4 ,360.00 3,375.00 11,860 .00 21,831 .JS 5,170.JJ 1,06..5.00 11,043 . 68 5,920.27 1,774.52 216.15 Jl.5 .47 670.97 20, 589.2~ 68,.596.99 21,140 . 00 3 ,742 .50 Actual 1953-51 .} 1,449,37 192,487.55 4 Other Non-Educa tional Income Gifts Aluron-ae Fund Student Activiti es Health Service Athle t ics , Men's Dept. Scholarships & Grants Other Income Total Income : Surolus • (Deficit) 6 ,500 . 00 3 .100 .00 2,412.00 190. 00 945.00 20,500 ,00 75 ,8?7 .oo 34,500.00 18 ,500. 00 3,690.00 2,010.00 9,820.00 28,500.00 5,800.00 102 ,820,0Q s12 ,984.oo .oo 11,655.62 6,449.38 6 , 71.5 .27 506.75 (11 .75) 1,005.98 21,894,30 73,098.05 33 ,600.63 18,787.76 3,500,00 2,010 . 00 10,148.70 .37 ,259 . 22 5,92? ,45 111,233,?6 528,0)J.41 118,142,0J 513,560.33 (7 , 005 .00) 6 ,168.61 43,369.51 18,531.82 3,500.00 2,010.00 10,587.15 .34,637 •.54 s,so6,01 �• I • • • • • • - ·' • ... • • - '. • .. • - • t • ' .: • • • '- 1 • • • • • • • . I • • • ..... .. • • • . ._ t • • • • ~ • • • • • , • ..,.•,,• • •• . • • • • ' ' I - • • t I • ) • I • C .. .. ' I • • • •• • • • \ l • • • • • .. • ' '• \ .. • • • • • ' • , • t • • • •• \ • • •, I •• ,;- ," ., ...... . ~- \ . , t • - ..: ~ • • • • t t J ;' 't • ' r- • •• J.. • • I .' • , ·r ' • • • • ' ' .. ' ' • ' • • •• • • . •• L ~ '' ,,. • .tJ .. • . .. ~L .. ' \ • I r • ' •• • I . • •\ I l- I 1 (\ ' • s. i', .., . ' .• •• .- • • • .. . !' • • • • • . ,. • •• • \ • \ • ,. • • • • , !I • \ • ' • ► • • • ' ♦ • 'l.:' Il ..• . \.. . • 1- • • ,. ., , . • , ') ..... ... • •. •' .• ... • I • •• • .,1, ... ., ••• • ,t i\ • ' • •• ,• • - • ~ • ' • .. • .' • - ; - •• -\ • ~ ... .......•. • ., .. • • • 't . .,. . • ' .... .. ,, ..... • ' • , • f \ • I , ,.. . • •• • • .., •. ,l 1 • • • ' • • • t \ ' J _, -- -~. • ,. - • 1. •• ~ • 1... .' • 1 • ') > .. • l • • • " \ • ,, ' • • • r '.\. ,l • -' •• ,r ,· • •• •• # .. I '\ • \ ~ • . • • IC I -- t.. ... #' ·.1 \ . . l • .. I• • ' • • •• 1 I , • I I , • .. , • t • • • • • • ' • I '. . • \ • • • • .. :, t t. •t ~ ", f • I ' • • •• J •• # • •• • .. • .. •• • '... .• • ., .. • • • ' • I • • .. ;, 1 • • • ,l ~ ·1 ,. . .. I , .. 'II • • • : •• • ' • ~ t • •·, • • • • • , •l .. • • • ( • ~ • , .. • ' • • • ( .,. I J' • ... ~ ., • • ' ' • !.I �8 ~~T~ • COLLEGE OF !CEI,1TUCKY Budget of Expense , 1955-56 Operating Fund 13udgetted Administration & General President 1 s Office Business Offi ce Trea surer 1 s Office Dean I s Office Registrar Dean of Students Dean of Women 1 s Office Admissions & Stu. Pro. General Ex-Pense 13d. of Trust ees Instructiona l Instruc ti onal Expense Library Operation & Ma.intenance Endo\'nnen t Real Es t a t e Auxiliary ~nterpris~~ Residence Halls , Women 's Dept. Residenc e Halls, Wiseman Residence Hall s, r-fcReynol ds Residence Ralls , Breckinridge Centreville Boo~store & Postoffic e Other Non- &lucational ExuensP. Publ ic Re l a tio ns Office Alumni Offic e Student Activities Health Servi ce Athlet ic Dept. Scholarships & Gr ants Bus Service Hous emothers-Fr a t. Houses Centrol Stor es War ehouse \t/ i seman Annuity 16,091.50 12,195.00 5,710.00 Budget Deficit: 6,12.5.00 4,275 .oo 4,602.50 15,874.oo 13 ,735 . 00 100 ,00 83 ,809.00 15,544.94 11,041.50 4,990.66 12,392.JJ 4,8J4.86 17,758.98 13,652.37 26,89 80,895.47 4,478.18 11,824.14 13,246 .4J 31,68 73,549.86 179 ,114.95 14,945 .oo 72,588 .oo 10,918,00 277,387 . 95 186 ,935.09 13,889.48 68,673 .75 11,315.25 280 ,813.57 159,942.34 15,157.17 66 ,940.20 15,608,80 257,648 .51 13,695 .00 2,764.00 1,970. 00 8,739.00 6,500 .00 19,4?S,OO 53 ,14J .oo 14,481.08 1,994.03 311.06 9,311.73 6,312 .40 l;B,532,97 50,948.27 14,608 .62 1,523.45 67.79 9,208.65 6,066.05 21 ,038,8Q 52,513 .4.5 2,920.00 15 ,455 .00 3,690.00 2,010. 00 16,047.00 76 ,000 . 00 3, 020 . 00 1,800.00 1,235.00 3 ,197.19 15,657.89 3 ,326.00 1,966 .25 15 ,832 .35 74,297.44 2,575.73 1,800.00 1,228.25 2,soo ,00 122,381.10 7,511.39 17,621.70 J,810. 80 1,915.70 16,415.42 69,633 . 85 2,645.57 1,800 .00 1,07.5 .47 1,250.00 123,679.90 5,520 . 00 2.soo ,00 539,016.94 1955-56 1953-54 16,983.42 12,240.90 5,064.74 10 ,JJJ .31 124,6?? ,QO To tal Expens e : Actual 1954-55 EXPENDITURES Ac tual (6, 032 .94) .oo .oo .oo .oo ��MINUTES Board of Trustees Meeting November 5, 1955 • The meeting was called to order by the chairman, Mr. Ike Lanier . Prayer was offered by President Groves . Present wer e Messrs . L~nier, Logan Caldwell~ Baker, Diederich, 11an ..:J1twerp, Gamble , Rogers, \v. P. Caldwell , Seelbach, Nevin, J~rmstrong . Creger , Gosney, and Lively, and 1li.sses Poynter and Yer kes, and President Groves . The m inutes of the meeting of June 4, 1955 were approved as m imeographed and cir culated . · ~rr. Logan Caldi-,ell made his r eport as t r easur er for the fiscal year 1954- 1955. The r eport was r eceived and appr oved . (See copy attached. ) M Logan Caldwell, chair man of the Finance Committee made a report r. on the meeti ng of the Finance Committee held Friday evening, November 4, 1955 . The recommendations of the Committee adopt ed at that meeting were r ead and appr oved . (See copy attached.) Ir. Pier ce Lively, in his capacity as a Notary Public , administered the oath of office to Mr. John Diederich, a l unmi trustee of the class of 1959 . Mr. Fred W ~r nicar, business manager of the college, made the annual . report of the financial operations of the college for the year 1954-1955 • The r eport was r eceived and appr oved, and on furthe r motion it.was voted to thank Lr . A rnicar for the clarity of his r eport. (See copy attached . ) President Groves reported on a bequest of $5,000 to Centre College of Kentucky under the will of ~1rs . G. o. Letcher, Henderson, Kentucky, and also reported that this bequest had been acknowledged to t,r. William G. Hodge, a membe r of Mrs . Letcher's family . President Groves reported on the fine meeting of the Board of Overseers of October 22, 1955, at which time he had r eported to the Board the disposition of the various r ecommendations by the Board during the year 1954- 1955• President Groves r eported on the status of the building costs for the completion of the iveisiger .."..rt & Music Bui lding . .4.s of November 5th, these total costs,including architects ' f ee s,amount to $229~912 .65 . (For details, see copy attached.) Mr . Logan Caldwell reported that to borrow $125,000 for the completion of payments from KYSEC have slowed down so in meeting the scheduled amortization of by January it would be necessary this building , and that to date that there will be some difficulty this debt. President Groves r eported on the list of equipment as drawn up by Messrs . llill, Kellam, and Steere ~ totaling $6,292 .96 . This amount being i,rithin the stipulated amount of $6, 700 as previously approved by tl1e 9 �• .. ' p' • ! • .' • . ,.• .., , • I • .- • • •r • • • .. I I • • I • • T .. • .. , • •• J • •• • • I • • • , ' • •• • • , • • • ,, • • • \ , • ,J. i" ~ • t ,. • r • , .. .... ., • I ., • . • • • ~ • • • . •• , • \ • • I .. ' . • (. • • • • ., ' • •• • • I .• •• i ' • -- • • • ·' . . t • • . I - • , I • • : . { • l • • I• ' • • .• ., ., • • .. I .,· • ..,• .. . , • ., • ... • •J • • ' • ' • • .... • • • • • l 1 • • • - ' • ,... L' • :.. ..• . ..- M • • • • , • .. ... .... .. ' , • • • .. • • • • • ~ • \ • • • I t . • . \ ) I • • .. • • �- 2-- Executive Committee was approved by the full Board, and these purchases were autliorized to be made through 1a-. Arni cars the business manager . President Groves r eported the appointment of a committee consisting of Professor Dwight Steere, Chairman, M iss Sweeney, l1rs. Cheek, Me ssrs. Hill Kella.n t Kelso, ~u-ni car, and Ensming€r to plan for the program for the dedication of the t,Jeisi ger \ rt and M usic Building. The date for the dedication has be0n set tentatively for Saturday , _;.pril 28, 1956 , with dr amatic presentation to be held Thursday~ Friday, and Saturday evenings 1 .~pril 26, 27, and 28, and a music r ecital on Sunday, rpril 29 . President Groves r ead his r eport (see copy attached) at t he conclusion of whi ch the following r ecommendations were approved. It t-ras voted that the Board give its unanimous endorsement and t>1holehear ted support of .a policy o.nd pr ogram designed to r 1ake Centr e C ollege of Kentucky a quality, Christian, liberal arts college for the superior stude11t . 1. 2. promotion . It was voted that the college employ an additional man for student J . It was voted that the chairman appoint a special colll.&'ilittee to conduct studies as may be r equired to determine such matter s as (a) size of the college, (b) financial needs, and (c) plant needs and other matt er s related to making the job of C&ntre College of Kentucky as a Christian~ liberal arts college as effective as possible. Lanier reported for the Vinson Memorial Committee~ at the conclusion of which report it was voted that the Board approve the plans of the Vinson Memorial Committee (a) to f r ee President Groves to devote practically his full time to this project for at least the next three months, (b) to establish a separate Board of Trustees for the Vinson Memor ial? and (c) to give the Committee authority to select su9h trustees as it may deem best fitt ed for the purposes of this memorial. '1r . President Groves reported a confer ence i.,ith • Sam Jones, trustee of the college~ Thursday, November J r d, and also with his daughter1 M s~ Vance r rlade . .~s a r es11l t of that conference, and on recommendation of President Groves, it was voted that ltr. Jones be nruned trustee emeritus ,.,ith t he privilege of attending such meetings of the Board as his health may per mits and that Committee #1 nominate a successor to Mr. Jones in the class of 1959. Committee 1,~l of the Board of Trustees adjourned to nominate a trustee to fill the vacancy created by the resignation of Mr. Jones . This committee later r eturned and presented the name of Hr • Don Campbell of Lebanon, Kentucky . On motion M Campbell was elected to fill the unexpir ed term of Mr . Jones in r. the class of 1959 . t1r . Bal<er, as chairmans made a report of the special committee appointed to revie,i and implement the survey conducted by Dr . Norman Burns. After the r eading of this report(see copy attached) it was voted without dissent that this r eport be adopted . President Groves reported on the Junior Chamber of Commerce~ s annual contest on The Voice of Democracy · . It was voted that a $100 schola1•ship �I t- • • 1 ' l • • • • ' -. • • • ( • • • • l \ • ., '. ' • , .. \ • "~ • • I I • • .. • • • •• • • ,. • • ,, • • • .. . • • • . • 1 )• • • .. • • • • l ' • • ,. .. ~ ... • •• . • • • ~ • . r, •• •• ,, • . • i . .••• \~ • ,,. - ;.. .. , ., • I ' - • • • • \ .. •• I • • • .. • • 1 ' • ... .. •• .. • j • ., 1 • -· • ., • • . . . . .. - - •• • . ., • ,·•, '"' . • • .. • - ; . :•. ~ • r- • ,. ' ••• • • • • .' , '-(\ ' r .. , , •I • • .. •• t 1• .. • • • ' . • ,• •• • r • • .. • • • "' • ~ • • . . ·•· :' . . • .. . l ' ,. .~ .•. •• .. \" \ : :• • • •• • • , .. . I ' • • • \ • • • , f' .• • .. -. , .. - I• ( • ... •• ~ • • • • , .. • ' • • • .,. • • , • • • .. • .. .., ; • , ' . • ... .) ..., ~ , 4 ' • •• ... 1, - ·' • I ~ , : .. •• ' .., • •I I• • I • • .• I \ • • • ~ · .• • • • • • • -• • • ' .. ... • • • .. •• f • •• .. I • • I • •• • • • • ,. • •• • ..... •• l • �- 3be award&d by Centr e College of Kentucky to the winner of this essay cont est with tho condition attached as indicated by Pr esident Groves . (See Executive Committee meeting files . ) i•'Ir . •Nor1'is \rmstr ong r eported as chairman of the .~thletic Committee and mentioned the possibility that Centre College's football team might be invit~d to participate in some kind of a post season game . On his recommend~tion that such a game would b8 contr ary to the athletic policy of Centre Collog~ of Kentucky, it ~as the consensus of the Board that any such invita t j on sl l OU ld be ~vfused • 1-1eoting adjourned at 12 : 25 p . m. F . Pierce Lively Secretary • 1.1 �• ,. • ~ I , ... • ~ • • .. • • • , - • L. • ~ • • I ', . .. '· ., • • • • '. • • • (" • I • • • •• • , • • .. •• • I .., . \ - • • I • ,! r. • - • • • • •• l • \ \ I - • • .. ' ' ' • • I ·- .. .. ~ • -.. • .. I • ',.., • • t •• A ' • - \ I • ' \ .. • .. • • , • , • ~ • ••• ... •• • I. . r.• • • I • • • • • • • �1.2 • A. NUAL FALL H~POl ~T OF THE TnI'.AS URE.R OF CE1~TRD CO LLlJG E August 31 , 1955 It is my p l easur e to present hcr o,1i th the nnnua.l r epo rt of the 'l1reasur er of Centr e College . r:i nin of co 0 This r epo rt cover s the fjs cal year be- Se".>tc111ber 1, 1954, and endi ng August Jl, 1955 . This r epo r t , so , deals onl y t-1itl1 mat t ers r cl c.ted to endowment, and r efer ence m1.tst be medc to the annut1l r epo rt of t he Btlsincs~ I~ nc.ger for a co"1pl Pte study of t ie finonci~l ~c tiviti 8s of the College during this fis cal ye~r . sin other yenrs, this r epo rt dcscrib 0 ~ t he sal?s and purchases t•1hich ,.,er e r.1ade dur ing the y ear in t ho mnnngemen t of endov,r.ient funcls . Other n1c. t tors cont( ined hf"lr i=> in a.r e t he Jrcar 7s addit i ons to cndo,·rnon t in dot .il and com:::,ar isons "'i th tho endo,,, e nt and a stut ooont the pr eceding ye r of the mal:e,-.up of concerning t he income from each typo of investment . Sales and Purcha~~~ During the ycnr ,.,,e sold or hr>d call ed the f o ll ot-ring securit ies : I tom Sn.le or Redf)m1)ti on Price Cost U. s. Bonds Other .Bonds Pre f01·r d Stoclts Common Stoclcs Total $ 15,410.63 27 ,230 .24 112.324.20 109 ,315,22 Loss Goin GRin Gain $264 ,280 .29 We also had r epaid Go.in or Loss from or Adjus t ed Basis Net Gain $ - 67 .18 2, 086 .46 7,436. 07 _14,570a62 - $44,025097 $99 ,672 . 65 of mo rtgage l oansa mnking a t otal of $36.3,952.94 of invcst1 1ents r edeemed . As r epl acement for tho ~bove securities end mo rtgBgc r eti r ements, and the invest men t of new funds, we have made the f ollowing purchases : - 1 - �-· • .. ,. • • • .. ... r. - • • • " I • -· ..1 • • • .. • • ' , •• • .. .., . , ' ' - .. , •• ' • • , • •I -' •I • • , • ' • ' •• • • . ... •• • .. • •• I ,r- • .. .. ' . ..r • • - • \ • • .. . ... • I • • , • -. • • • • • • I L I l' ' . •., .••• • . ..... ·- . . . . • ----•• • ' I .. • • • -•,.. . ·- ' .• ·- - -· • • .. I - • I • , . t •• • • .• . I .... •• ' • • , - •...., • ... ( • • • • • ..• • ,. ·. t. • • •I • - - .. • •• .. r ,. ' .. • • • - - • -. •• •• , •. • • • • - •• • • • I • • • • ..... . • ; .. ,.. .. • • • • .,. . • ' .. -•. . • • .. . >' ' .. • • I . ..- •• • .. , . • • f \ c.. • • • ., . l 1.. ·1 .\.·.•' • • • ' ' • • ., - ... .J '\ .. • I L • ... ♦ • • • • • • • • • '· .. ... •• I i ..' .. ' ,. .•, , - .. \ • • I•• '\ • • • ..• ....•....... ... • I • •• • . \I .. • •, • • , ' ..•. f • • , ' l • •• ., t • • ' I .. .,. • • • J • - .- • • ••• • .. • • • I ... ' .• • • • • • •• • .. ., • ! ... ' r • • C • \ • •• • . • ' I • J I • • ' - •• ~ • • • I ._ - J .. .· • • .• • • . ' �• !too u. Cost S. Bonds $ 20:215 . 62 38:JB? .90 44,599.11 191,200,52 Otl1cr Bonds Pref'crriJd S toclcs Corn 10n S toclcs Total In addition we □nde new ~o rtg~gc lo~n~ of $96 ,500000 , for a total of $392 ,903.15 of new inv~st11")nts . Our totcl no rtgn.g0 lo ~ns r emained about tho snme ~s one year ago . I n view of the lcecn cornp 0ti tion ,.,hich ha.s cx:i stcd f or mortgl"ge loans in Danville , this is consider ed sntisf"'c tory. make our loans at 5 inter es t % ,·le continue to and our a~pr aisnls r emain conscrvntivc . AlTALYSIS or I Ncor~IE- PRODUCii,TG P.nOPERI'Y The follo,ri.ng pr oper ties . chodule sho,·,s tl1e brcalt-do,.,,n of inconc-producing Book values on August Jl , 1954 , and Augus t Jl, 1955, of each type of property o.r0 sho,.,n nnd mar lcc t value on tho l at t er dP.te is sho,·m for cor.ipn..ri son ,.,i th boo le vc..luc . Also sho,..,n i q the per ccn t of t ot 1 incor.ic-producing propcrt~," whicl1 is r epr esented by each type of invostncnt ns \-1011 as the net income from each type . - 2- �• • • I\ ~ ,_ • ..._ • .. , t\ • f \ "'\ ~ .. . - • • ~ , - . \ - - \ .. • • • • • •• '• ,. • • •' .. • ,. •• • •• .. • • • • • .. • ,· ... .. • • I .. • • r1 . .. .,. , • .. - • , ' ( •' .. .. • --: . - \ • • •• • -- I • • •• "" • ·- • . .) '• ~ . -. • • ' • • "\ -·- • •f • ., • ~ r ' • ~ •• , ... • • ~ • .. • t •• • • . r-, • • • ' • - , • • .. ' • •• • �1.4 l3oolc Va lue :Book Va lue 8-31~..55 8 - 11 .•54 TvY)~ I u. S . :Bond Other Bon(ls Prof e rr ed Stoclcs Comnon Stoclcs t-fortgago Loe ns Income Produc ing Re:?..l Esta t ~ Uninvc sted Funds TotPls M: .r lce t 1 Va lue 8-31 :::5.5.. P1Brc cnt of Tota l (:Book) $112,235 .90 $116,973 .71 $115,694:1 00 453 ,513. 02 466,757.14 474, 045 .00 486,161 . 49 425,872 . 47 434 ,366 .00 624 ,426 .24 742,882.16 1,129,764.00 575,180 .91 572, 008 .26 572 ,008 .26 186,357.71 8,771.17 ----- 186,357.71 25.121±.45 Net Yield on Mar lc0t Va lue Income 8-31-55 4.6~ $ J. 048 .59 18.4% 16,472 .41 16. ffp 19,940 .28 29 .3% 40 ,959 .21 22. 7fo 25 t655.16 7.2~ 9,516 .95 --- l oo% ~2 ,446 ,646 . 44$2 ,535 , 975 . 90 > l '1.J' $115,592 .60 The y i eld on a ll the a bove p r o~orty , b~s ~d on aver age beginning nd e ndi11g book ve.l u e s, ,-,as • 4.6%. a nd e nding rnor lce t values , \•,as Tho yi el d , bas ed on aver age bcgi11ning 4. 05% excl1.1ding incono pr oducing r ea l e stat e for \'1}1ich no mar lcc t value is gi von . A tot ~l of $35 ,500 of Centro I s endo,'lmont is h eld and adminis t er ed by trustees other t h~n this Board . Fr om thes e funds the College r ec eived $956 .94 as income during t he y ea r. Non o of this is r eflect ed in the rbov e tabl e . Tl1c t abl e s110,,rs th;i t our inve stment in gov er nment nnd other bonds \'ra s incr or-1.scd c-liti;htl:,r duri11g tho y eo.r ,..,nd the inv ~ t rnent in p r ef erred s stocl'"s ,,,a s d ecr eas ed . The at1ount inve st ed in mo rtgng es r emained nbout t he s,'lr.i e fl.nd tho i nve stment in comnon sto clcs "'n.s inc r eas ed ovor All this is ~~s cd on book va lue . Tho p cr c ent ng c of t otnl inve stment in comr1on stocl:s ht'..s been r a i s od to nearly JO% . par ison itcn w-1ith J ugu~t Jl , $100 ,000 . Tho mo fl t significant com- 1954 , is , of cours e , the ris n in rno.r lcc t v luc of our comrno11 s to clcs , r efl ecting the g oner 1 m r lre t ri s 0 . a This incr ~as e in mnr kPt vnluos ha s natural ly again d ecr eas ed th e r ate of r e turn on our common stocks . Tho spread be twe en th e yi eld on corrnnon stocks 0.11d bonds othor than U. S . gov er nment~ is now very small. r ec en t mar lre t s ot-bnc',.s have me.de some change s in this pic ture . -J- The 2.6% J,47% L~.6% 3. 6% 4.s,J --- �( • •• ., • , ., I • • . • • t \ .. • } .• • • . . ' : .' •·• • ., I t • t. ') • ... ., • . . ,. • , ., •• ... • .. • l •• • • • .' • ( ..• • • ' • • • • • • ... • : . • • • • f I V 4 • . ,. ' .,... : . r• • ... . .. • l ., , I I I r ·. \ '"' . ' .• , .. • - . ' . ,· ' ,.. .,. •• •• • . • \ .t, . . •• • 1 • . " .. .. •• !' ' •• • , • • • • • L .••. .. • • • • I • • • ...1 l I. I•l - ., , ... • •• .,... .• . • f' • . • -.. .. I J ... .. •• .. • .. , . . • • • • • . ,. .. f ... • .. ·- • .. •• I ' \ .. • •• • • • \ ., • I . • • ..• I , ... • • '-' ' • • ' I , I • • " -,- t ., •. . "' ·- ~ '\ -' ... • 1' ·, ... .. I ... • I • • '1,, J : I ' • . \ ,; I I I •• • • .• t \ 'l ,, . : ., • .• • .. • , r • I !" ' ,r • f ' • • ••• t t • ( ,.. ' . ,.... • ,. • • • ..• , f • ,• • t . • •• r • f ' • C • • ..•• • •• • ., t -. I • . • .. • • .J ". .. I I .. ' • • • • • I I •• \ f , 4, • •r ,• _, I •I •• •• "1 • •• • .. • • I • ... I ( • • , .. (. ,• • • • I • • ... - · /' # · .. t ,. • • ,., .. .. • • • • •. I �GIFTS TO El'lDO\vMENT • Ther o v,ere noro gifts t o endowmen t during this year than during the pr evious one . I ncluded a r 0 tho first gifts to the Vinson M emoria l. The additions are as follows: F.<lgar Newlin Chai r of Anci ent languages (From Chnuncoy Newlin) \'l . 14. Rttsl1 r es iduary Legacy E-nma 1'1eisiger Estate - fi11al distri bution 1-1rs . :Beatr ice Price - Scholarship Dndotv1ncnt To rry· H~tchott - Scholarship 1'ndo,-.rment Ther e sa \f . Gr ant - J3equ"st ~1'lry liurphy Morrin - Gift 1li lliam Chamberli n - Gift Ge neral El.ec tric lfducationnl Fund E.T. Boles Professor ship of Economics Mrs . · • I • duPon t •· Vin son ~Ier1orial J oso:ph &.rtfi eld - Vinson _r.iJcrior ial Totnl $10 ,178.18 11,.311 ~ 36 4 ,137.61 5, 000o00 1,000.00 1,000.00 500.00 375 . oo 400 . 00 7,200:,00 18,649 ~54 5 00 .. 00 $60 , 251 . 69 In addition , one 'lnnui tJ" in t}1e amount of $500 . 00 was purchased during the year by rvtr . ,i. IC . Mullins . The money from the 1v . M. lhsh est ate \IT"S alloce t ed to p l ant funds end it 'vTas necessar y to spend $1J ,490 . 75 for fire escapes and grad5.ng the r oar of the athl e tic fi e ld which \oTD.s taken from plant funds . CONCLUSION The substantial o.ddi tions to pcrmencnt endo\i1mcnt during the year r e gratifying . Tllo Ji~Ost significant change in tho year hn.~ b e en tl1e v er y sharp ris e in common stoclc pric e s income pcrcentnge wis • acco□panicd by a r eduction of The over all income yi e ld , based on book vnluo , r emai ns \ole ll above th e four per cen t l evel . Respec tfully submitted , LOGl~N Ci\LD\vELI, -4- �•• • • I • • .. . f • • • • • • • I .... ,,.. I •. • -M . • 'f • ... > \ \ - • .. -. / ,- • , • .. • .l - r> • •• '• .. • I • . ' t .... •• • •• • .. . • • • ) . -•. \ • . •• , .- ..··---·· ••• • • . .• ., ,. .. • • • • I .t • .' • • .. I • • • , • •• • I • • • • ' ... ., .....\ . • ..• • • • • .. .. ' I i • I ,I •• , i I ,J I • , •• •• •• \ .. ' .', I. • • .. .. \ l ' .' • • • .... •I I' • .... .. ' • .. ... r .. • .. • • ... ·• • •• .. . •. • . ·• r • ,. , .••. • •J I L • .' '• •• l • ,. • • . • • I ' .. • .. I <• -- . .. .• . ,.• .. • • • • • • I • \ I . .• .. •• ; - . \ • • • , • , .. • ,. • • .. , • .. \ I • . • I • .. i • r . • I • , •• •• .• • .'. ,. 'I ..• I • , ; r, J •• • , .... • ' •• • "•· • .• • •• I •• ... • • I, • . • • ' .. I •• •\• • ,J • • • I ., l .. I • • l I •' .. .. ... .. I • I • , • .. • • . ..... .' • I ·1 • . • \ • •• \. • .. • • • j t •• • • • ' • ·. • , ., • I ' : • • ., • .. •r .. ., .. • • • .l I .. .. .. ) I t ,.. ' i • •r .. .. •• • ' .. ••• I • ... ... . • .\ .. • ., . ••• I• 1 •• • • ,.. • .. .J • I • • I • \ • • J ' \. ( ' 1 '\ , ., .. . • • • . .. • • .' • , • i • r •r • - \ I • ' • ..: • • , .. • .. , , 1 ·,• ! • ' r)"' 'l ' • • •' • • .. r • : . ·' ... ' •• :. .. • • �1.6 FINANCE COt"1MITTEE }lEETING November 4, 1955 Home of Lo ~an Caldwell Present were !·1essrs . Logan Caldwell, chairman, Lanier, Baker, Gamble, Lively, and President Groves, and Mr. Frank Grady of the U.S.Trust Co . Mr . Grady reviewed the general state of the bond market since last meeting . Significant t}1ing has been a flattening of yield curve in bond market . He also reviewed activity of preferred stock market. The U.S. Trust feels that straight preferred stocks are not a particularly good buy at this time. In connection with common stocks he said his company feels that 1956 will be a very good business year, though notably not as good as 1955. Then, experience is that endowment 1unds have not been selling good common stocks . Sell 900 shares Texas Gulf Sulphur Buy JOO shares Dot.; Chemical Buy JOO shares North American Aviation Exercise rights and subscribe 100 shar es Southern Company and sell odd lot of 200 rights of Southern Company. The stock dividend of I.B.11 . at 2% w~s announced t-rhich will be sold and credited to income . Westinthouse Zlect1·ic Corp . for tl1e present. - recommend that we hold this stock General advice is not to make any net reductions in common stock holdings . • �• l - • - •' l l • . .. .- • • • , • • • • ) l • • �- . I • ANNUAL RDPORr OF THE l3US INES S MANAGER CEi\TRE COLLEG:8 OF I~];r,JTUCI{Y FISCAL YEA~ ENDED AUGUST Jl , 1955 Index Pages Transmittal . . - .. ... .. . . . . . . . . . . . . 1-2 OnPcrating Fund, • Balance Sheet Statement . • • • • • • • • • • • • • • • Statement of Income • • • • • • • • • • • • • • • • • • 4 Statement of Expense • • • • • • • • • • • • • • • • • 5 • • • • • • • • • 6 Compara ttve, CondP-nsed Balance Sheets . • • • • • 7 • • • 8 Detail of Earnings , Endo,-nnent Fund • • Compar ative , Statements of Income & Expense . • • Endo,,rmen t Fund Balance Sheet Statement . . .. . • • • • • • • • • • • • Supporting Schedules, Ehdowment Balance Sheet . • Budget , • • • • • • • 9-10 11-13 19SS- 56 Income • Expense . • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • - 1 - • • ♦ • • • • • 14 . ,. 15 • • 1.? �•• ·- . • • • -- ' . t • .. • • • • • • • • • .. ,· • l • • •• ' \ • • • • • • • • • • • • • • • ' • • - • • • I • • • • • • • • • .. • • • • • • . .. I .. .• . - • , • • ... • • • • • •• J . • • .. 1 ' • .. • • • ' • • • • • • • • • ..• • . .,• I .,_ •• .. I .. • • • • • • • • • • • • • • • • • • .. • • • • • • • • • • , •• • I • • • • �• • Danville, Ken t ucky November 5 , 1955 To The Boar d of Trustees , Centr e College of Kentucky , Danville, Kentucky . Gentlemen : I submit her e\!Ti th the Buaines s Manager I s r eport fo r the fiscal year ended August Jl, 1955 . As usual , this r eport conforms substantially ,.,i th the standards of r eporting prescribed by the National Commi ttee on Reports for Institutions of Higher Educat i on . major group funds are used at Centre College in its accounting : ( 1) The Operating Fund , and (2) The Endowment Fund , which includes other Non- Expendable Funds . Sub-gr oups for the two major funds are shown in the following schedule : ~10 1 Oper ating Fund A. Current General Fund B. Restricted Funds (Expendable ear nings of Rest rict ed Endowment) 11 Endo\>1ment Fund A. General Endo,'!IIlent B. Restricted Endowment C. Plant Funds (Either Expended or still Unexpended) Income for the Oper ating Fund is derived f r om Endowment earnings , Student Fees, Auxiliary Enterprises, and G5fts . Expenditures a.re made on the basis of budget appr opriations appr oved by t . e Board of Trustees . h Endowment, either gener al or restrict ed , or iginates as gifts of money , securities, or property under the provision that the principal is to be invested . If it is Gene ral Endowment the income can be used for general purposes . If it is llestri cted , the income can be used only f or the purpose designated . Plant Funds (expended or unexpended) consist of funds designated for plant extension . - 2 - �• • , . • I J. • .._l .. ,. ' . .•' • • • .• , • • • • ..' . • • • • • • .• \ . t,' • • - •• • ,. . • ~ . , • "-1. • • ,., ""' .. • • • l I • ,' • ..• ' '• r,• • ..• • . ' . •t I \ . )\ I • • .. . .. . •• •• .,. . ' • .: .• • ! • J. • • I , • • ,. •• ' • ' ' - • .... .. '. • • ..• ' .. "l .. ,, .. \ - • . ! • • • • • Q J ... ' ( • ·• ... . i - ...·. • •• 1• • . • •! . ' ,,I .t • • J: • • I • • . _, • ., V .. ,. •. I .,l I ' : •, ' • .. • .. • • i. \, • . • • • .• ... .... ., .. ., ., • •• .. ~ .: • • t • • . - • .. '( I • • • •• I • , . .•.. •. •... • -- • .; .. :' ' l • • ' - ' ., • .. \ • • • •l • ~ .. .., l •• • ... • .( • . .. .. • .. • .•'. .. 1 ' "'II • I, I ... ,• • I\ ' • \ .. '' ' • •' -· ( - • :. • ' , • .. • f • t .. . - ! I • •• • . .•. • ! • i . • . . ,r • • : I ... •I • ·- • ' ~ , I .. .. ., l • • . ) • • • .. . • ., • i 40 • • • .• • . ' : J • .. • I ., - • • • ' .. • •• • .. :r • : .. \ •• ... • J .. ... . ' • t I ... ;J,J ...• 'I ',. --:- ' . 1. ) ' ..... • ..• ,., • •. • ' • , . •• - ..• • • ..:, .. • • • - ,, • .• •• ,. . 'J r·· , ' . .. ... • C' ) . ,, ,. •.. ... • • .. • • , . . •. ...,. . ' ...,... .' ~ ., , • • . ( • ) .' : ,.., .., •. .. t \ ,• ,. . ... • •• .. '• , • •• I,• .• ., • •• ~ I : .•• •• .. ' ' r • I . .. •• .. f ' .• • I I• • • r• ' • .. .. • • .. .· ~ ., , • •I " • • ... - f • • • ,· .. •. .. I • • \• • • •• • • •• •J . .... r' - .. I• ' r .. ..• .,. �• • 18 ' This report presents separate financial statements for the t\110 major fund groups at the end of the fiscal year just completed. A budget on the Operating Fund for its activities in the year beginning September 1 , 1955 , is attached . The Fiscal year began ,.,,i th a budget \lrhich indicated a deficit of $12 ,214 . 84 . Operations, however , resulted in a loss of much less than this of $6 ,966 .40 . Books of account and other records were examined by Hifner and Potter , Certified Public Accountants; a copy of the audit is available at all times for your inspection in the Business Office , or the President's Office . Respectfully submitted , Fred Arnicar, Business Manager �- •• ., • • .. • • , ,.. • • •• • •• • • .' ... • • • • • I • • • .\. ' • r • • \ •• "' .• . , . • ' .. • • .,. !~ '' -,.' • . • - �2n CEi'lTR~ COLL~GE OF T \.~l\TTUCT~ Bi L..\l,TCE SHEDT ST..'\TlD~1Ei~T-OP1J1{ATI 1T FU1JD- FISCAL YEft.R 1954- 55 G ASSETS - - CURLt°:Jr?r FU}ms - - -- ------- A. G .nQr{-'1.1 Ca ~h on De!)ori.t 18 ,581 .02 Pe tty Cnsh Fund 1 -- 900 .00 6 ,Jl0o02 382 ic 65 Accounts Rcceiv~ble lfot es . eceivnble Invento r ie~ ; :Booic$tor c Cent r a l Stor 0s \V nr ehouse 11, 904. 92 4 . 575 .. 82 Pr~n3 i d ~xnenses : Def err ed ~;.-pcnse 3 ,197.56 24 ,166 .28 Preµ~ id I nsurnncc Total A~ s t s - Curren t Funds , Gener a l B . 1le~tri cted Funds- Curr ent Due f r om Gener ~l ]u.i~d to: Studen t Lon Fund- Licht er Foundation DKE House Fund Priz e Fund F~rri$ Fund Tot"\ l Ac-sets- il~s trict cd Current F\mds Tota.l .4. ss e ts-Combined Curr c11t Funds 19,481 . 02 - 13 I. 6,697 . 67 16,480 .74 • Z7 ,J64!J4 70,023 . 77 5 , 000 . 00 171 .60 J , 253 .47 (4.683 .82) ,. J ,741 .. 25 73 , 765,02 LIABI LITIES- --CU.tLP:.:JlqT FUiT DS -- - - - - ---- A. Gener a l Jlccoun t Pr1y ~ble Accr u ed E:,:pense : S-.ile.r i 8s & tvages ~ i tl111ol d ing Ta;ces Social Security Taxes Ho ~pita l Insurance Prcrniwns S'°\lar y Sav i ngs 183 .71 14 , 751.1 , 66 5 . 945 .15 797 . 65 220 .92 17J , 80 Borrot·re d i~on e~l 35 ,000 . 00 I>ouo ~i t He ld : ... 1\dv.., nee E11r ollmen t Rec eipts Due Other Ftmds : Duo to l/eisiger Building fund Duo to tlestr icted Curr ent F\lndA 57 ,844.81 53 . 69 3 ,741 . 25 118 ,715 . 64 t1c e r v es : A thl c tic Dept • .rl sen r ch Gr f' nts- Chcmi str y ReseP- r ch Eo uiument 136 .OJ 0 • 21 ,892 . 18 5 ,000 . 00 1,362 . 63 4 Gif t s fo r De~ignated Purpos e s 3 , OBJ ., BJ _,, 9 , 582 14-2. Tot ~l Lia biliti e s - Current Fund~ , Gen er a l Le~s : 128 ,298 .13 _58 I 27E- ,36 70 , 023 .77 Accunule t ed Foficit B • .:fte~trict ed Fu.JJQ.~- Curren t Studen t lo'-"n Fund- Lic11 t er .b,ound ti on DKE Hou~e Fund Priz e Fund F~q_rri s Fund Tot~l Rc~tr ict ed Funds- Curr ent Liabilities TotPl Liabilities , Co mbined Current Lia biliti e s - 3 - 5 ,000 . 00 171 .60 3,253 .47 (4 ,683 .82) J ,741,25 71 , 2.6.i~ 02 , �. • • \ - • " ,• I .. - ... A i • • • . .... ' '• \ ·- • .,. • . ' • • I\ • "' .•. .. rt \ ' \ • • -- . • • ♦ • ·-· .. \ •• - \ • • • ,. • .... \ . \ ' \ I .. . -· .. ' ~ • • • • • • • .. • • • • • T • f' ' • 'l • • • :• • • • \ . I , I ... ... •• • • • • • \ ~ •• .' - • • ,\' • • • ..... • •• , '\ r'\ .- • .. l •. • • • ., • - .•• - ... • • , • • •• • ' ' • L • ' ~· . • ,., • • .. • • I1 \ • • .. • .. • •I • • ..• . • I \ • ~ • •• • , • . -• - • •• • ' • ' i • J • ' • - .. 1. • • • .. • t ' • ' ••• ' \ • ' .. , . • • \ • ~ • .~- .. \ • • • • • , ... • .. • • ' •• • ... ., . ... I\ • • ·- .. \ ,I ..- • ·-. : . .. • �• Aut;us t 31 , 1955 I l\TCOr-iE lgi1,1c"-- t_i9.n!' 1 rind .QQ.?1er ~1 Student. F ~ --s -.. . --- Tuition and Fees 193 ,344 .58 l ,852cOJ Cth~r Fees 195 ,186 .61 .,. Endo\'n1en t Income Unr,...st r ictcd Restricted Real Es t e t e (Net) 62 ,189 .37 18 ,078 .JB 9 , 516,95 89 ,784.70 Educntional Rela t ed ,vhi tney Foundation Resear ch Progr qn Voc~tiona l Gui d~nc e 5 ,700 .00 10, 000 . 00 1, 400 .00 17,100. 00 Gifts Synod of Ken tu.cky Bo~rd of Chr isti ~n F.duc~tion , U.S.A. To t~l Educetionnl & 16 ,382 . 06 18 ,434 ,,04 34 ,816.10 336 ,887 .41 Gener a l Inco~o Au::ilia r :r Entcr nrisc~ &:__Activi t_ie~ .Resi dence Halls ; Womcn 2 s Dept . /ir erarin R~ll McReynold Hall Br eckinridge Hall Centrevill e Dining Hr 11. 1i omen I s Dept . Cnf0t ~ria , Mcn 1 s D~pt . Tea Room, Women 5 s Dept . Coffee Sl1op, l-1cn ' s D0pt . Bookstor e and Postofficc 21 ,831 .35 5, 170 .33 1 ,065 . 00 ll ,04J . 68 5,920 .27 66 ,820 .15 46 ,454 .82 3 ,848 .59 18 ,955 .35 20 , 589 .25 201 ,698. 79 -- ts Gif- ------------------- Ot~Pr No n- EaucQtional Incone : Gifts t 33 ,600 .63 .. tr 18 ,787,76 lurnni Fund Stt1don t l1c tivi ti c s • 3 , 500 . 00 Heal t h Service At hle t ic Dept ., Men Scholarships and Ai d C ther Revenues 2,010 .00 10 ,148. 70 .,, J7 ,259 .22 ., 5,927 . 45 111 ,233 .76 649 ,819.96 Total In come-Oper at ing F'lmd - 4 - ' �• ' • . • • I .I • • • ' • • • • • .. \ • ' • • .... \ ' • • J • • • • • • r • .. • .. .. • • ' • • • 1 • • • • • • ~ • , • • \ • .. .- • ' • -. • \ .. • • • • • • • • • • • ' .. - .. . . • • • •• • • - ... • �• EX:PE SE Education~l and Genernl Administt~tive And Gen~rnl Prcsidcnt 1 s Office J3usi11cs s 0ffi r c Treasurer's Office Dean & rtc?gistr ar •~ Office Alumnae Office & Stu . Pro.• ,1or1en Dean of Wonen 1 s Office Adnissions & Stu . Pro •• Men Gcner'tl Exnens (\ Boar d of Trustees 16 ,983042 12,240090 5, 064.74 10 ,JJJ .J l 5 ,790.28 4 834 .86 r11~• 11 , 968 . 70 - Lt, 13 ,652 .37 26 .89 0 80 ,895 .47 Instructional ~p~nsc Libr"ry Opcretion & ibint~nancc Total Educat ional & Gnner nl Dxpcnse A11xi li "rY Enternr ises & Activi tieR .tlesidcnce &.11 , '\'lomon' s Dept . \if is ernan lL'lll Mc ynolds lt'lll Breckinridge Hall Centreville Dining Ha ll , ':Toman ' s Dept. Cp f c tcria , 1-It'.\n I s Dept. Te" Roon . ,v omen's Dept. Coff e Shop , Men 1 s Dept. 0 Bookstore and Postoffice 186,935 .09 13,889 .48 68 .615 . 15 \'Sq 41 , 269 ,459 . 72 3 o.3{f 14,481 .08 1 ,994.03 311.06 9,311 .73 6,312)40 65,045:,63 46 ,238 .67 J.,5JJ .12 18,284.38 18 , 537 .97 J,1?7 .19 15,657.89 3,326.00 1 ,966 .25 15 ,832 .35 74 ,297 .44 2 .575. 73 1,800 .00 1,228 .25 2 , 500 ,00 Heal tl1 Se rvi ce 1: thlctic Dept ., r,Icn Scholarships a nd J~id Bus Servic e Hous e Mothers Central Stor es Warehouse ·l is omo.n Annuity Tota l Expense - a ting D ficit, Ye~ r 1954-55 : Oper - 5 - I ,q 184,050 . 07 Other Non-Eiucntional Expense Public R~lntion Office Alumni Office S t11den t /~c ti vi ti es .. l~? ,181.10 656 ,786 .36 6 ,966 . 40 649 ,819 .96 I • �•• , • I • • • I • • • • I • • , • .. • .. • • •• • • •• • I • .• .. . ..,r. .. ••l • : • • - • ' '"\ • , • • ) • • • t. • • t • • ~ • • • .. • • • ' - --• f • • • • , I • • ) , • •• , �• ENDO\·lMEl T EA.illlii'TGS , FISCAL YFAR 1954-55 Pooled Securiti~s -'---------- : CoMno n Stoc'cs Pr c f e rr0d Stocks U. S . Bonds Other :Bonds I~ ortgnge Loans Total earnings, Pooled s~curitios :E.hrnings- Rcal Ds t~t c 'rot9.l Endo\·nnent Eernings Distribution of E~rnings : Gr-\ncra l ~ndo\mcnt :fil.0.rni ngs 11~stri ctcd if~ndo\1c10nt Ep rnings : Ch~T>}istr y Fund Li br"' r ·:l fund 1'1i s e□an Dnpt. of Music \vi s ema.n 1\1 e1no ri c.1 Fund Rcdd- Ch'3elc Bi blc=- Chnir SJrno tt fund DI:E IIous e Fund Farris Ftmd 'leisic0r Dept . of Fine Arts Schol~r~hips, G0ner~l EvL'\ns--S1.u r c.11 Schol!'lrship ]'und P1--i z fund r-i Bol~~ Profess orship of Economics E. C. l'lewlin r-1cmorial Vinson Memorial Al1nui ties No t e : ~ . ~~rn1.ng5 40,959 .21 19 ,940 .28 J.048 . 59 16,472 .41 ? 5 I 6 5r.; t 16 106,075.65 9, 516 ,9 5 115,592.60 71,940.32 2,859 .99 l,J09oJ9 2 ,J4J .12 3,549,15 206074 1 ,890000 68.96 6,391 .87 6 , L►02rl 7 5 ,489 .95 11 , 646 . 73 796 .89 101.64 221035 140092 231 ,41 i~c Boles Profes sorship of ~conomics also r eceived an additional $150 .00 which w snot pooled . - 6 - �• �• CEli TRS COLLEGE OP"'J"RtiTilvG FUlID COMP}.. RATIVE CO!IDElJSED BAL11'1CE SHEET Fisc~l Year Ended Fiscal Year Ended Incr ease Aug.31 ,1954 .nug .Jl,195.5 (Decrease) Cnsh on Deposit & on Hand Accoun ts r.nd l'fotes Re cP.iva bl e Inventori es Pr '"'urtid JJ.xnens e Res tri ct ed Current Funds 4 33,171.66 7 ,137 . 01 16 ,901 .96 25 ,306 .11 12 ,004.10 94 , 520 ,84 • To t " l .t~ ss e ts: 19,481.02 6,697 .67 16 ,480 . 74 27 ,J64. J4 3,?41 .25 73 ,?65 . 02 1,238 .76 lJ ,951 •.51 8,988 .79 24.5. 77 JB,500 .00 18J.71 14,754.66 6,742.80 394. 72 35 ,000 .00 .57 ,844 .81 J,794 .94 9,582 . 49 3,741 ,25 132,039 .JB 58 ,274,36 23. ?65 ,02 (13 ,690 .64) (439 .34) (421 .22) 2,058 .23 · (8 ,262 ,85) ( 20 , 255 •82) LIii.BI LI TI ES Accounts Paya bl e Jccrucd Sa l a ri es & Wag e s i\ccrued l/i th . Tc'x & S . S. Ta x e s Hosp . Ins., Preniums & Sal ary Scvings Borrot•1cd 1io ney Stu . Foe s Coll 0ct ed in Advanc e & D0u • ... Due Otl1er Funds Rc ~crvcs Re stri c t ed Curr ent funds Tot al Li ~biliti e s . Accumul a t ed Oper n tine Dnficit - 7- 50 ,756 . 07 12,328 . 22 7,81.5 •.58 12,004.10 11/-5.828 .80 c,1 ,107 .96 94, 520 .84 (1,055 . 05) 80J .15 (2 ,24.5 .99) 148.95 (3 ,500 . 00) 7,088 .74 (8 ,533.28) 1,766.91 (8 ,262. 85) (13 ,789.42) 6 ,966 .4o (20 ,755.82) �• ' •• • • , , • ~ \ •• • .- t .,. • • • • ,. • • I • • • •• • .. • l .• • , ' .. • ~ l • • . ' • '• • • • • •• • , .. •• l • \ •l • • • • • •• • 'It • t ' • • ' \ •• • •• �• CEi~T HE COLLJG E OPE.Rt. TI 1~G .FUND coitPJ.lli. TIV.I; ST:~TE11ENT OF I NCOt,fE & EXPEI~SF, ( COJ.~ il~SED) Fiscl' l Ycnr :i:i'nded Fisc~l Yoc.r I ncr ease End0d ./..ug .31, 1955 ~\ug .Jl ,1954 195 ,186 .61 89 ,784. 70 17,100 .00 34,816 .10 201 ,698 . 79 111 ,211 ,76 649 ,819 .. 96 192 ,487.55 80 ,876o8J 10,800 .. 00 22 ,547 .07 209 ,007 .81 118 .142 . 03 633 ,861229 2,699 . 06 8,907 .87 6,300 .00 12,269. 03 (7 ,309 .02) (6 ,908. 27) 15,958 ,67 Administretive & General 80 ,895047 Instructional 186,935. 09 Library 13 c889 (\48 Oper a tion & Maintenance 68 ,635 . 15 Auxiliary Enterprises 184,050007 Other Expense (See Schedule B, Below) 122 ,381 . 10 7J ,549o86 159 t' 942 034 15:157 . 17 66,940 .20 188 :,42J 021 12J ,679 .90 627,692 .68 7 ,Jl}5 . 61 26,992 .75 (1,267 . 69) 1~694095 (4QJ7Jol4) (l .2Q8 .80) • 22 .021 ,68 I l COWSt,.1dcnt Fee ~ & Oth er Fers Endo\l/1.1"'nt Incon~ "Tduca tiona l Rcl~tcd Gifts-Church Bo~r d U. S. & Synod US~ : . u::iliary En tor pr i sos Other Inco~c (See Schedule Belo,., ,A) 1 ii:Ti P2~£TSE -- 656 ,786 ,36 Schedule A: Other I ncome Gifts Gifts , Al11rnni fund Student Activities Hea lth Service Athletic Dept ., ~~n Income for Scholarships Other Income 33 ,600.63 18 ,787., 76 3 , 500 . 00 & Aid Sche.QJ!L~ ~ : Other Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept ., ~fen Scholarshins & Ai d Gr anted ... Bus Service Housemothers Fraternity Hous es Centra l Stores ,·rarehous e •Tis eman Annuity - 8 - 2 ,010 . 00 10 ,148.70 37 ,259 .22 5,927 .45 111,233,76 3 ,197 .19 15 ,657 .81 J ,326 .00 1 11 966025 15,832.35 74-;297 . 44 2,575 . 73 lp8oo .oo 1,228. 25 ? ,500 ,0Q l22 ,) 8l tl0 4J 0J69 .51 18 ,531 .82 3 ,500 .00 2,010 .00 10 ?587.15 34,637 .54 5 ,506.01 118 ,142,0J 7,511 .39 17 ,621 .70 J ,810 .80 1,915.70 16 ,415 "42 69 ,633()85 2 ,645 .57 1 ,800 . 00 1 ,075 .47 1,2')0 .00 12] ,670 .90 ( :Decr ce.sc) �• ( ... • l " •• - • • ~ • • ~\ ... • • • • .. ., • ~. • \ t • • .• • ' I - ....~! \ I \ • w . ... •. ~ • • ' -: • .• ,. .. . .. • • •• . • • • • ) • \ • •• • • • • \ I • ~ • ., ,. • I• • t • . ' ' •• - . t .. \ -•• " ' .. • • ,, .. • •• • • • • . \ • • I ' " \ I ' • .. • • �26 • • BALAr1CE SH.Dill STAT:Tilv iENT ASSETS AUGUST 31 , 1955 1 Endo,'llllent and Otl1er ~Ton- }Jxpendable Funds A. Genera l ~ndov,mP;n t : 59 . 16% of Po~led Asse t s (Schedule 1) Real ~state (Schedule 2) Total Income Producing Gene r al Endowment Invested in College Plant (Schedule 8) Total Gener al Endowment . J3 . Re~tri cted Endovnnent : 34 . 75% of Pooled Asse t s (Schedule 1) ary D. Synott Bible Chair Endowment C. Fund Held by s ~ecial Tr ustees (Schedule 6) l ,J 66 e920o.07 186 ,357.71 1 ,553,277 . 78 278 ,940 . 60 l , 8J2 p218 . J8 802:,514 091 40 , 000 2 00 842 , 514 .91 15,550.00 Total Restri cted Endol'nnent Total 1ndowment Funds : 858 :, 064 ,91 2 ,690 , 283 . 29 11 Pla nt Funds A. -Unexuended : Caoh~ im . Ru.sh J3eouest . Cash- Ueisiger Building Fund 6 . 07% of Pooled As~ets( Sce . l) Total Unexpended Plant l'unds 843 .36 8 , 062 .27 140 ,181.?.l J3 . Invested in Plant Campuses 124,350 .35 Buildings (Schedule J) 1 ,386 , 207 . 73 F.quipment 78:487 . 87 Furniture & Fixtures 127 ,629 . 85 Library Boo lcs 20 . 000 . 00 Total Invested in Pl~nt Tota l Pl~nt Funds Total Assets , Endowment and Other Non- - xuendable Funds : ... - 9 - 149 , 088 . 84 1 ,736 ,675 , 80 1,885 , 7§i:}.64 4 , '>76 , 047 .93 �• • • • • • • • I • • • • ... • 1 ' ........ , • \ ·-· . I • .i • • .. \ • �27 • BALAiiC~~ SHEEl.1 STATEMENT ( CONTI1'TTJED) E}T001v~1ENT A11) OTHER 1'TOlf- EXPENDA:BLE FUNDS LI.A:BI LI TI ES - -- - - 1 Endo\'/ment and Ot her Non--Exoendable Funds A. Gener ql ~ndowment (Schedule 4) l ,8J2 ,218. J8 B . Restricted Endo,,,ment Endowed Cl1a irs , De:Jartmen t al ( Schedule 5) 362 ,294.JJ Scholar ships , Gener a l Scholar ships , Evans-Sumr all Prize Fund Guy E. \'/ iseman 1.femor ial Fund D. K. E. House Fund Annuities (Schedule 7) 12J ,27J .J4 25J ,214 .93 18cJ96 . o4 77 ,6J0o96 1 ,179060 C. Funds Held by Special Tr ustees (Schedule 6) Total Re str icted Endowment Tota l Endowment Funds: 5.525 . 71 842~.514.91 15 , 550 .. 00 858 ,064.91 2,690 .283 . 29 11 Plant Fu.nae A. Unexnended ! F~rris Stadium Flmd \'lm . .Th1sh Beq_uest ''leisi,O'er Building Fund Tota l Unexpended Plant Funds 140 l8J .21 0 84J .J6 8 , 062 .. 27 149 ,088 .84 B. Invested in Plant Guy E. \vis eman Fund Henry N. Craik Fund Farris Stadium Fund Sutcliffe Dormitory Fund McRcynolds Fund Centre Forward Program ''Im . I~sh Benue st Weis i eer Fine Arts Total Plant Funds Invested in Plant 55 ,386.87 27,04J 26 0 21,77lo0J 4 , 902 . 80 45 ,887041 J54,J6J .8J 12,788 .58 101, 669 , 60 Invested in Plant from other funds 623 ,813.38 1 , 112,862.42 Tota l Plant Funds 1,885 ,764,64 Total Liabilities, Endowment & other Non- Expend~ble Funds! 4, 576 ,047 .93 - 10 - �• . •·• - •• • ♦ 1 • I '• - , ' t' • • .... . " • ,: •• ' I •• •• .. • • • .. • .. • ~ • . • • , - • .. - • • ... .. • • • 4 • • • • • • ' • ' \ • • • • , • • ( • • .' • • • -: • • ... • • • • • • ' • •• • ' • .• • •• • • • • , ~ . '( • • r • • ... • .- • • .. - • I • • - • • -· • ' • • . . \ '. -• .. , .. .•.. ·.• ., ~ ., .. • - • .1 • •• •. •• • •• .. • II • I • •• • r• . • . ... • . I • \ • • • • • • I ' .. • ' • , • • •• • . .. . • • • • - .. -• • • ..... - • ' • ; , I • \ • I • • • .• • ,- , • • \ .. ~ - • • ' .... : • • : • • J • • ... ,.. ..' • '" • • I ... • • : • .. • -. .,.. I - '• .. • • ' •• ' • - .,,. .l • • • ; :. • I • ,. ..... •• - •.. C ' �28 • SCHEDULES - l!il®,·ltIErJT Aim OTI{'Pi.R !'TON- EXPENDABLE FUl\JDS SCHEDlTLE 1 Pooled As set A: Cash 25 ,124. 45 116,973 . 71 466 , 757 .14 425,872047 742, 882 ,16 u. s. Bonds Other Bonds Preferred Stock Common Stock Mortgage Loans Total Pooled Assets : 53?. , 008 9 26 2 ,30) ,618 .19 Distribution of Pool ed Asse ts : General Endo\11ment 59 .18% ltestri c t ed ~ndo\11men t Plant li\mds , Unexpended J4o75% 6. 07% 1,366 ,920.07 802 ,514091 140 1 183 ,,21 2 ,109 ,618 .19 SCHEDULE 2 Invest Pd in Re~l Estat§ Fayette County Far m Yo,.,ell Land Ander son House-Gr ant Str ee t 5 ,000oOO 1 ,000 . 00 5 , 000 . 00 Beta Fr a ternity Centre College Total Bet a House Investment 14 , 000oOO 18 ,2l?a8o Sigma Chi Fr ater nity Centre College Total Sigma Chi House Inve stment 8,000oOO 12,000. 00 32 , 217. 80 20 ,000. 00 Phi Tau Fr a ter nity 19 , 696 .63 28,000.00 Centre College Tota l Pai Tau House Investment DKE House 7(\166 .25 35~563 .31 20 , 713(\72 12,000 ,00 186 , J~? . 7l Hillcrest Blanton House S .A. E. House Total Invested in Real ~st a te - 11 - �• , I '' • II .. • • • ... . • ••• . \ -· -. ·; • I• • • • \ • • • • • • • • • .• • , . --, '\ \ • • • • • • • • ' ., ... ~ l ,. • •. 1 •• I ! • ! ' r ... • •• I . .' ., • - ,. . ! l , .. • • • ' • • • .. .. I l .. •• • r: : • ,• ., • • . • • • • ' . ... . • . • .. '• • • .. \ • ' ... •• ( • • • ' • - .. .. '"' • . ·- •: • I • • '• • • ' t . .l ' .• • • ...• •• '1 -.,' ~ I • • • .. • - -- • \ - • • •• ••• .. ... " .. ' .t • •• • • • • • ' - • • ~ •: ,. ' • �29 SCHI~DUJ_,E 3 Buildings leisiger Fine Arts :Building Farris Stadium Young Hall Boyle Humphrey Gym Carnegie Library Main Olde Centr e Brecldnridge Hall Crailc House \'l iseman Hall ','lomen · s D0nt . " Centreville &ngout \larehouse Alumni l~Iemorial Gym Total-J3uildings 97 ,683 .56 850J69 .47 1J4 3 776 . 02 44,902 . 80 4.5 c000.00 98 ::6J2o89 453787.48 70~256 .84 27:,043 .26 49a79.5o01 319,720 .19 6 739 099 l ,?19093 5 r.293 .,21 3 52_ q87 . 0§. 1 ,38E,202.2J I\ SCHDDULE 4 Ge err 1 Endo\•,ment General-Unnamed 1 ,181,766 . 69 liamed: Guy E. ':l is eman Fund ans-Sumr all fund lm . It. le i1·d Fund Carrie Magill Fund Mary B. Mutchmore Fund Beta The ta Pi House Fund Phi Kappa Tau House F\ind Sigma Chi-Rouse Fund Total General Endo\-nnen t 265 ,759 .66 247 ,967 021 4 ,869&44 26 ,135".51~ 36 ;)515 oOJ 14 ,000 .00 19,696 . 63 8 ,000 .00 l,832,218,38 1 SCHELULE 5 Re strictGd Endot•1ment-Chairs Cl1emistry Fund Library Fund Ma.ry D. Synott Bible Chair liseman Deut . of Music .. 1·/ei siFer Arts & Music ... Redd-Cheelc, Classical Language E. C. Ne,-,lin•~ncient Languages Vinson-Political Science Boles Professorship of Economics Total Endo\o1ed Chairs - 12 - 62"493 .69 28 •. 668 .67 4-0 0 000 . 00 51~309066 141 :845 .95 4,101 .64 10 . l'/8.18 17 :)496 .54 7.200 ,00 ., 363 ,,294.33 �• . '• \ ' • ... • • • ..,. •• • • • \ • '• I • • . ' , ' .\ .. ...• • • • • ' • \ • • I ' ... • I .. . ., • .. • •1 .. .. ' . • • • • • ~ • I • , - • ♦ • • .. • . • • • . ' .. • ..... .• .. • • •• . .. • ••• • ,. • • • • .• • .. • r \ ,. - • i", .. . ( • .. I • • .... \ &. . ••• • .. • • I ... • - • • • • • • • • I•• I• •• • - • • • .• I \ • : .. • • \ • ,., • -• • • • ; , .. • , .... • • - ' ., • .' ' .'• • • • • ..... • • . .. •' • • - .. " .,. I . ... • ~ .. , , ... • • • l_ • • . • t I . .... • .;. • • <; .,, • - ' • ':. • • I .. • \ • �30 • SCFiEDULE 6 Funds Held by Spec i al Trustees \vorkman Fund---Held by the Tru stees of the General Assembly , Pr esbyterian Church , U. s. 1·Tm . i1ary D .. Synott Bible Chair Endo,'lment---Held by the Board of Chr istian .Education, Presbyt erian Chur ch . U .s ~.A . Total fundcl held by Speci a l Tr us t ee s 5,550.00 10,000,00 15 . 550.00 SCHEDULE 7 F\1nri s Su b.i ~Cl.L~o Ann,1i ti~!:; Annuiti es : ~'I.rs. ~1ay B . Go r e Anna ~I .. & J!,r~.nk: N. Gilcher Dr . \'lilliam Barnes Lo\'1er \1 o K . ifu.l lins Mrs . Fr anci s T. Skinner Total Funds Subject to Annuities 968 20 1~011 .. 87 447006 2 , 62Jo 78 474 .80 5,525.71 SCHEDUL1 8 InvP.sted in College Plant McReynolds Hall Br eckinridge Hall Yo1.mg Hall ~~in Building Total Funds Invest ed in College Plant - lJ - 92 01-1-28 082 15J,21J .,J2 290256.,81 4 a Ol±..126 5 ?.78 ,9l~0 . 60 �.. . • .' • • , \ ~ • 't • •• • • ,. .. . • • • ~ • • ~ ... • ,. ·i - • , I ' t •• • • , • .. • • "T ·,. • ... . ··- t ' • I • • • •• • I • • ' • • ., r • •' • I , • • \ • • • • • .. • • ., • • . .. "l • • ' .. I • 1\ \ I • •• .....r • : .. • • - • ,, . •• I •' I •· . . t .- . . • • ~ .. . l,.. . ~ ,-~ . \ • • ' -· . •• .L .- '• .. - ..., -- : • l • • • ' . .• .. .. •..• •• • .., • • , ,,l • • • • • •• • - r .• •• .\ • .. .. .. .. . ·- .. ., , • r ,.. • • .. .' . ,. ... - •.. ' .• :• I • --. . . • •• ... • • ~ • .... '\ • . • • • .• ,.. ~ .. ..• •• •"' I • •• • l • •I• • • • .. ~ .. ,, .. .=- I ... ( .. • ·- • f ... '. ' ;. ,\ • .• • : . ( , • "{ • ... ' .. • , ..... ~ ( .... ··... .,... r· r. .. .. ' • • • t • • • .. : 'I. • • -· .. �CE}.TT11E COLLEG:J OF ICENTUCKY ' Budget of Income , 1955-56 Oper ating Fund Bud.get Actual Income 1955- 56 1954-55 204 .215 . 00 1 ,285 ,00 205 ,500 .00 193 ,334.58 1 , 852 , 0J 195 ,186 . 61 61 ,500 . 00 20 ,947 . 00 20 .')40 . 00 102 , 787 . 00 62 ,189.37 20 ,832.20 18 ,078. 3§ 101 ,099 . 95 16 ,000 . 00 18 ,000 ,00 J4 , ooo . oo 16 ~ . 06 382 18 ,434. 04 34 ,816 010 . oo 1 ,000 . 00 11 ,000.00 12,000. 00 5 ,700 . 00 1,400000 J.0 ,000 , 00 17 ,100 .00 22,635 .00 4,360 .00 3,375 . 00 11,860. 00 6,500 .00 3 ,100 .00 2. 412 .00 190. 00 945 . 00 20 , 500,00 75 ,877 . 00 21 ,831 .35 5 ,170 .33 1 , 065 . oo ll , 04J . 68 5 ,920. 27 1 , 774.52 216 . 15 315 .47 670 .97 20 ,589 .25 68 ,596 .99 Alumni-ae Fund Student Activities Health Service Athletics , Men's Dept. Scholarships & Grants Other Income J4i500 .oo 18,500 .00 3 , 690 .00 2 , 010 . 00 9,820 . 00 28 ,500 .00 5,800 ,00 102 , 820 .00 33 , 600 .63 18. 787 . 76 J ,500 . 00 2 , 010 .00 10 ,148.70 37 ,259 .22 5,927 . 45 111 ,213 ,76 Total Income: • • • • • . • . . • • • • . • S12 ,284,00 528 ,011 . 4:l INCOME Student Fees Gener al Fees Other Fees Endowment Unrestr icted Heal Estate , Unrest r icted (Gross) Restricted Gifts- Church Boards Synod of Ky. u.s . Bd . of Christian F.d.ucation , U. S .A. Educational-Belated \'lhi tney Foundation Vocational Guidance Research Pr ogram Auxiliary Enter pr ises Residence Hall , Women ' s Dept . Residence Halls , \·/iseman Residence Halls , .i~cReynolds Residence Halls , l3recldnr idge Centreville Dining Hall , \'1omcn 1 s Dept . (Net) Dinine Hall , Men 1 s Dept . (Net) Tea Room , \'lomen 1 s De!)t . (Net) Coffee Shop (Net) Bookstore & Postoffice Other Non- F.ducational Income Gifts - 14 - �•• • • • ... , •• .. t .. •• • • • • • • , •• -~ . • • • • • .. .. • • • • ... • • ' •• • .. ~ ..•• ,. ·- • (. \ • .. • • '"· ' • ~ • • •• • • I • • • • • ' • •• I • • I • \ • • • • • • '""l !t 4 • .. • . : • ·'- . • '\ ' .,, . • • I 1 • •• • I" • .., . , ..• • • .. • ( . • ~ • • • ' • • " • I • • ...• - • • .. - . .. • • • • •• • •• • • • • .. • , • . • .. I • I ' .- .. .. ..•., ,. ~ r • .. • I • , • • .•' • ' ... • • I ·1 • I • .. ·, • ,, • • • • "'- ~ • ' -· ...• • .I ' • . ... • • • • • I • • • • •• l • - • .. .I ... . .. • • • I .. • " • ' • • • • " • • ... • • • •' \ • .... .... �CENTRE COLLEGE OF KEi\JIDCKY Budget of Expens e , 1955-56 Oper a t ing Fund ' Budget l G55-5.6 16 ,983 . 42 12 ,240 . 90 5 ,064.74 10 ,333 .31 . oo . oo 4. 8J4. 86 17 ,758 .98 5 ,520 . 00 ; o,125 . 00 4,275 . 00 4,602 .so 15 ,4.55 .oo 13 . 735 .oo • e00 . 00 83 ,802 .. 00 Instr uctional, Instr uctional Exoense .. Libr ar y O~er ation & Maintenance Endc\•rmen t Real Estate 178 ,936 .94 : 4,945 .00 67 ,611.90 10,918,00 272,411,84 Auxiliar y Enter ~r ise s Residence Halls , 1,'lomen t s Dept. Residence Halls , ,viseman Residence Halls , McReynolds Residence Halls , Breckinridge Centrevill e Bookstor e & Pnstoffice l J ,652 . 37 26 , 89 80 ,895 ,47 186 ,935. 09 13 ,889 . 48 '58 ,635 . 15 11,315 .25 280 .774,92 13 ,69.5 . 00 2,764. oo 1 ,970.00 8,739.00 14,481.08 1,994. 03 311 . 06 6 ,500.00 6,312 .40 18,537 .97 50 ,948 .27 19 ,475 .oo s1 .14J .oo Other Non~~ucational Expense Public Rela t ions Office A],1mni Office Student Activities Health Ser vice Athletic Dopt . Scholar ships & Grants Bus Service Housemother s , Fr at . Houses Centr al Stor es Warehouse 1'1 i seman Annuity 2,920 . 00 15 ,455 .oo J ,690 .00 2,010 . 00 16,047 . 00 76,000 . 00 J ,020 . 00 1,800.00 1,235 . 00 2, 500 .00 124,67?,00 Ca• i tal Out lay a n Young Science Hall \•/omen I s Dept . Heating Plant Total Expense •• • • • • • • • Deficit • • • • . • • • . • • • 1954-SS 16,091.50 12 ,195 . 00 5,710. 00 Ad.minist r ation & Gener al Pr esident ' s Office Business Office Tr easurer' s Office Dean 1 s Off ice Reeistrar Dean of Student s Dean of Women 1 s Office Admissions & Stu. Pro . Gener al Exnense ... Boar d f Trust ees Expense Actual 9 , Jll . ?J J ,197 . 19 15 ,657 089 J ,J26 .oo 1 ,966 .25 15 , 832 .35 74,297 .44 2 ,575 73 1,800 . 00 1, 228. 25 2,soo. 00 12.2 ,381 ,10 C, 3 ,051 .10 1,925,00 4,Q76.10 • • • • • • • • • • - 15 - .oo 539 ,016.94 (6 ,032.94) 532 ,984.oo 534 ,999 .91 (6 ,966 , 4o) 5?8,013 .41 . oo . oo �• • ... • l • . . . .. - - .f .. C •• • • • • .. : • .• . • l • .. ' • • C J • • • • n .- • • • • • •• -' \ • • • • •f • ' • • • .. • • • . .. ' • 'l .. •> • f . ... • • • • '. • ' ' . • • '' .. • • • ' f : • • • • ... .• • .-, • f ,. ·- -- - .,. . --: . ·- • ... t • • ' f ..... t t .. • I •• • ..• - .. ' • .- .. ,.. I - I> I " .. .. .. .' ,.I. ... ,. - ..' .... • ... - • • l t •t • • I • • l .. • • • • • • • •• • • • • • - - ... ' J .l • . • _; - .. .. - , .' • ••• •• • • •• . • • , • - . ' • • .... •• ' • I • • ' .. •• ,I •• . •• • t j .. t ...... . .. • . .. ,... i' .. .. ..,. -. • • • • •• • • • • r• .. • .. .- • • • ' '"I ..!.. • ..,- O' • • . ••• .... •• ., ... • • . : ... t • • ' • - I " • • • • ' • .. •• • . •.. ... • • (" .J ' ,. , .. • • • r • • .1 .. •. \ • .. .. •• • .. • • • • • I l • • • • • 1 .. .. • -.. { - • ,. .-• ..... . • - t • .. • • .. " l • .. , ..... . . , • • ' • •• .. • \ • •• •. ' • • • - • ' • • �• Report of the Pres i dent November 5, 1955 INTqODUCTION , 1hen I accepted tha inv itation to beco,ne pres i dent of Centre College of Kentucky, I had t hroe ba si c t houghts in mind . 1 1 . C~ntre • s g r eatest ne ed was fo r a cont inuing administr ation . From 1e97 to 1946 c~nt r e had s e v en pr esident s a nd f i ve pr os idents pro - t Jm . In the same interval , for inst a nc e , Berea Collog~ ha s had three pr e sidents , and Agnds Scott two . The contrast in dc:va lop ments during thG last fifty years b0twe~n thos e at Berea and Ag nu s Sc o tt on the one hand and Centr e on the oth0r ar e sufficient e videnc e of what a continuing adminis tration for a collog8 me ans . 2 . Sticondly , I v, as int e restc: d in a Chr istian Coll ege, and (.;e nt r e , regardl u s s of its faults , has a gr ~at histor y in this r eg ard . It was my h ope not only t o help kee p it a Christian Coll~g0 , but also streng th~n this bas ic philosophy at Cen tre . In the final analysis the r e are onl J thr~u philosophios of lif ~, one is Christian, one is s ~cular humani stic , and one is Communistic , a nd since tho s ec ular humanistic philosophy is so clos e ly akin to the Communistic as t o be s carculy dis tingu i shabl e at many points , 0s s entially thvr afo r e there are only t wo . It is , ther\JfOrt:,, v i th r Christianity or Oo1nmunism , which moans thdt thvrcl is n eed not just of a Christia1 philosophy, but educat ~d ma1 ana women who k aow what such a philos ophy means and can spell it out in thought and lif e . ~ Chr istian college , the r afor e , is much mor e than a collc~e for the ~~fo r con10nt of this rul 0 or that . It is a con1munity of think ing Christians trying to make int elligible to young minds a basic phil osophy of t:1~ir liv es . 3. Finally, I was int ~r~ sted in a ~ood co ll ~~a , by which I mean a community of p e op 1 ~ w .i. 11 i ng to do the: bes t j ob they k ne v, how t o do with the resources at tl1eir disposal . And , by tha way , I make no distinction be tween a Chr isti an c ollege and a quality institution . Th~ college which tries to substitut e piety for quality in education is a disgrace and do~s not dest:-rve th0 name Chr is tian in m~r opinion . Thesv wur e thu thoughts wi t h which I came to Cent r e . Th~se are the things for which I have ~o rked , and as long as God ~ives me h ealth and stre ngth , and the majority of thd Board of Trusta~s will support me , these are thd things fo r which I e xp0ct to continue to v,ork . "Vi th this as a background lut me turn to th~ things which , as I s ue it, w0 now hav 8 to do . I. I~ed iate goals fo~ Centre Co ll ege qf_Kent ucky . Upon receipt of Dr . Burns ' survey whi ch he sent me under cover of a letter of October• 13, I replied to l1im as follovvs : 1. "Thank you for se1ding me a copy of your r eport . I have read it with considerable interest , as you may we 11 irnugine . I am deeply appreciat ive of the job which you have done . I am made particularJy -"appy by rour emphasis on the fact that Centre I s pri mary func tio11 �• • • .. • .' ,I • • • I ' • • • • • • • • \ • • • • • • • .• • • • • .. • • •• .. • •• • I .. • • ' • I • ' • • �- 2- s h ould be t hat of 'of fering a p r ogram of very high qu a l it y t o a highl y s e l ect student body ' . I trust t h a t int h e meet i ng with t he Board of Tru~tee s you will be ab l e to thamme r t ha t point horne t . « I must be v~ry frank with the Board of Trustees i n s t at ing that I think that the Board itse l f has b,J en guil ty of consi derable confusion on just t1is matte r . Our f i rst immediate ste p, t h erefore , it s eems tom~ is to have the endorsement from the f ul l Board of thi s basic principle . ~ut , before the Board gives i ts endorse ne nt , there are several matters which must be faced . In the first nlace , thera are some who wLll re 5 ard such a policy as an attempt to cha11ge Centre , tl-iey may even say "to wreck " Centre , but it can be pointed out to such objectors thtit this college his toricall1 h~s been a quality institution even if it has not always lived ~p to tDis birthright . ~eco ndly , the reservoir of students interested in such an insti tution is r~latively limited , so that the 0oard must be pr~pared to assist at every turn in locating such students , and even be pre pared for disappointments in the size of the student body . It means further that the members of the 1:.oard rnust take the lead in quietly but persistently " selling" this idea to the alumni and alumnae of Centre College of ~ent ucky , and especially to the directors of the Alumni ttSSociation, the directors of the f~lumnae Association , the Board of Overseers of the college , and t h e Doard of Visitors of the 'V ome·n 's Colle 0 e . "hile those in charge of stu dent promotion should be expected to do a great deal of this , yet the " climate " in v1hi ch they will worl{ will be determined i n large measure by the attitudes of the individual members of the ~card of Trustees.• It also means that the members of the Bo ard of Trustees , as well as others connected with the college , must tactfully, but cons i stently make it cldar that Centre Collegd of Kentuc ry does not want the "rejects" of other colle g es , no matter what the family relationships ma"lr be . As a begi1rinE fort lis program, the people in charge of student pro1otion need full cooperation in getting the word around that in the future applicants for admission to Cent re College of I(entucky must take the rrscholastic 4"1ptitude Tests of the College Entrance Examination Board" regardless of their hi gh school, or standing in th e ir graduating class, befor0 they c~n be considered for admission to Ce ntre . There is this one word of explanation . No one contemplates making such a sudden break with the past that the whole future of the college will be put in jeopardy . In 1947 , for instance , graduater. in the upper two - thirds of t~eir high school class were accepted without examination . Since the Fall of 1951 , graduates of the upper half of t hei r high school cl ass have been accepted without examine- �• . • .,.I • • • • • • • • ♦ • • ' • • • • • • • • - • • • ' I \ • •• • • ' • .. • • • • • • •• ' •• . I • • .. • . • • '. # • • • - I • •• • I •• • •• • .. .. • • • ... ' • ·-· • • f \ • ' • • • • tI • \ • • J .• • • • • • .. . • • • • • • T t , • .. • •~ • • • 'I. , • • • • 1 • ... • • J, .. - I • .. • • • -• . • • ' • \ • - ' . I • ,.I . : " • • .. • • • , .. • . • • ,. • \ • • .- I ,. • .'• t 4 1 • • . . - .. 1 • ' • ~ • 1 • • I • . t I ¥ • • • • • • '• .. • • l ., • • , • • �- 3tion . Now , beg i nn1ns with app l icants fo r t h e Fall of 1956, all must t a ke the examinations i ndicated , t h e goal being pr eponde r ance of students Ln the e nter ing class who ra~k i n t h e uppe r quartil e of high schoo l a nd preparatory schoo l student s ac r os s the nat i on . In t ·1 is years freshmen class the r ank of the s tudents i n their own high schoo l classes i s distribu t dd as fo ll ows : 1st quartile 31 . 4% 2nd quartile 46 . 5% 3rd quartile 16 . 2% 4th quartile 2 . In spite of the up - turn in tho number of students seaking a colleg e education, t1is policy of selec tion on the part of Centre Colldgcl of I{___,ntucky , if e11dorsed b v the Board of Trustees , means that stu1 ent promotion efforts must b0 increas0d . The r~asons for this ar e obvious . In t his connc.,ction the _oard of Directors of the Alumni Asso ciation have recently appointed a committee to plan such a student promotion campaign an1ong the alumni and alumnae of Centre College of KEntuc J{y that t11ill parallel , and in many wa,,rs be modeled after, the an~ual campaign for funds for the college . One of the recommendations of the sp'-'cial committee appointed by the Directors of the ~lumn i Association to consider this matter is that the colloge emp loy this year an additional man for student promotion. 3. I know that some believe that th~ trustaes and administration should try t o determine right low the proper size of Centre College of Kentuc. y . I have seen t:1is attempted by other colleges with varying degrees of success . UntilCentre College attains a minimum enrolmen t of 500, the question is only theoretical However , while we are in th proc~ss of r eaching that enroJ.ment, it might be well to study this matt er carefully in an attempt to determine th~ mos t effectiv e nu1nber of students v1hich v1ill preserve the known advantages of the s111all college , and at th 0 same time assure the college of sound acad emic and financial operation . II. Stren then ing the Faculty . During the eight years between 1947 and 1955$ the college 1. has made grants totalling $30 , 1 00 . 00 to thirty-five differ~nt member~ of the faculty for special study and r ese arch~ This amount is exclusive of the special res e arch grant of the West Virginia Pulp and Paper Comr..a ny nov, in its fifth year.. This grant has been $10 , 000 a year for four years, and has n~been stepped up to $11,000 for the year 1955- 1956 . I find no r ecord of any such e xp end itures by the college prior to 194?~ O the $30 ,100, $16,000 came from special grants from the f Carnegi e Foundation . The other ~14, 000 came out of the operating �• • • • • • •• J •• • , ., • • • f • I • • • • .. • .. • I • • • .. • • • • • ' ( •• .. • ' • .. • • . • • .. • .. • • ' • • • • • • • • I �-4- 36 budget of_,the college . The budset f or the academic ye ar 1955-1956 includes J3,000 for two it vms; ~2 , 000 for spocial studi e s by i ndividual faculty members , and ~1 , 000 f or trav e l by faculty mu,nbers to • m0atinfs of prof~ssional societ i a s of the ir area of inter~st . These items should be doublc:,d as soon a s tho financ 0 s of the college v1i ll p~rmit it . No othvr sin 0 l~ program has donu a s much as this to sti1nulat study and k 0ep t;nthusiasln aliv0 among the membe rs of tl-ie fa cul ty for tJvir main job of t eaching . 2. As the trust Je s know , I am burns• reconmcndation for increases a good bit has alr~ady been dono in Th~ f oll owin g chart wil l make cl 0ar in thorough accord with Dr. i n salary. As he indicates, this are a, but not enough . our present situation . A'l~RAGJ SALARISS BY RANK - -- ·------ 19}L0 -1941 195; - 1955 Not i ncluding retirement allowance s. Full Professors 1955-1 956 Including Retirement 4'3.l lowance s $2 , 856 . 00 $5, 441 . 00 $5,823 . 00 .,\ssocia te Professors 2, 330 . 00 4 , 514 . 00 4, 848. 00 .-i.ssistant Professors 1,750 . 00 4,147 . 00 4 , 358 . oo Instruct o rs 1, 374. 00 3,420 . 00 3, 594. 00 The reasons f or Dr. Burns ' r~co m11enda ti on that salaries be increasJd still further are at once evident, if cost of living increases between 1940- 1941 and 1955- 1956 ar e taken into account. Computing dollar values for 1940- 1941 salaries in terms of 19551956 will illustrate the situation at once . Using the latest availab le cost of living index for August 195h as the key, salaries of full prof~ssors at Cehtre College of Kentucky have increased 5/100 of 1%. Salarie s of associate professors have increased only 75/1000 of 1%. Salari es of assistant professors have increased 23/4 and those of instructors 29% . It will be seen at once that while we have done much better in the payment of faculty salaries than the national average,where it has been found that faculty salaries in dollar value have fallen off 5% in the fifteen year interval and senior faculty me,nbers have fallen off 8%J still our best e ff ort has been with the junior members of the faculty~ r~ough we may have done better than average, yet salaries o~ Centre College faculty members are markedly below the average salaries of Pre sbyterian ministers in Kentucky and also the average salaries of SOille of the good colleges with which Dr . Burns thinks Centre should be compared . Centre ' s faculty is a greatly strengthened faculty when compared with that of 1940- 1941 . \ hile it is not complete evidence , yet this strengthening of the faculty is indicated in part by the fact �I I .. • • -· ., ' \. (' ~ F • • ' - • ' ... • ' • r· •• . • ' l I • :. • • • •' • • •• • •• • ... • .. • • ... .. .' • • • • . • • • • • .. • • .. ,. • •• •• • ' • • j • - ·~ • ·-· \ • ' • I • : • ' .. ..J. • • I •• . .. • .. • .. { • -- • .. '- ' • • .. • . . • .. • .. .... \ r ...... :- - • • t • .•• .'•. • • • • • , .. • .. ?. I .. .,. •I •' • . • •• • , • • \ . •. . • ... .. .. •• • • , -· -•• • .... 1.. • ' • ' •• • • • ,. • .,, •• ' .. { \. .. • l • ' • • ◄ • , J " • • • ~ • -, • • J f ' • ., I ,.• • , • • ' .• • • •• • ' • • , • • • • • I . • . • , • • ' \ . -• •• • •• I ( -· • . ' • • • •• ' - ... • .. . . • • • • • I t'l • ' • • • '. • -• • • • r • I • • • • • • , •r • I • • I •• • • • • \ • • ~ •• .• • " .. r ' - •• •• .• • '. • • • • •• .-. • ' ., .-: r • .. • < • • •• • .. ;. • • - • .. • -~ • . •• ' 1 • • • ' \ .. -J .... • •• • •• • •• • • ~ • • ~ .I. . • ' • • ' • •• • .• • , \. I •• -· • l • . • • • . .' • J • .. ~ I • ~ I .. • t • i • .. \ • ., • • • • • • • • l • • • �-5that in 1940-1 941, 36% of the faculty members then were holders of tl-1e Ph . D. deg r ee . l~ow , 54½% are hol de rs of that degree . But here •again, this facultr wi l l be held at Centre College only i f sizeable increases in salary are to be granted during the next t\vo o r three years . But , imperative as salary inc r eas e s are , these increas e s shou l d be on the basis of merit , a beginning with whlch was made i n the recommendations for increases for faculty members for 19551956 as ap1)roved by the Board of Trus t ..1d s at t~1.~ meet ing Ju.1e 4, 1955 . Difficul t s the administration of this kind of a program may be , ye t it also is the program which I believe must be f oll owed if the f acul ty is to strive continually f or the be s t t eaching j ob poss ibJ o III . FINANC I AL MATTERS \VHICH ARE IMM.EDIA'l'Z . 1. In college after college of w~ich I am acquainted , I am met 'vvith the statement , "Our town raises ~: 30 , 000 annually for our littl e college ." In other conrrnunities it is mo r e , sometimes it is less . I believe that more can be done in Danvi ll e for the financial s~pport of Centr e College than is now ~ei ng done . A g ood beginning has been macte by the e i ght o r ten business houses which are making a nnual contributions to the scholarship funds of the college . Howeve r, this is not enough . It is not enough for thv r ea son that in othJr communities the Kentucky Independent Colloge Foundation is making, what I v,ould describe , as "a door to door'' s ol i c itati on amon6 the business people of those communit i es fo r our indapendent colleges . Even now the7 are seeking to do this kind of thing in Danville , Kentucky . Much as I believe in the Independent College ~011ndation , I believe that the responsibility of the bus iness people of Danville is primarily for the college which is right in its midst , and which year in and year out is educ .. ~ting the s ons and daughters of this community . Centre Co ll ege , therefore , has an appeal which neither the Kentucky Independent College ~oundation nor a ny other similar organization has . I believe that a properly o rga ni zed effort will not only e:t-.ase the small deficit vv ith which we are confronted this year , but it also will serve further to i mprove relati onships betv,een the college and the town . " \Nhere your treas ure is , there will your heart bo also ." 2. It is grdtifying to learn that many of the aJ.umni are of the opinion that the alumni campaign should be organiz.e~ on a per·sonal basis wherever that is possible . I vrould l1ope that a beginning could be made with this idea this ear in Louisvj_lJe, A hland , and other nearby centers where there is a co~centration of alwnni and alunnae of the college . IV. THE 'IINSON ME110RIAL . Much of the work of the administration has already been tur~ed over to the officers of administration of the colleg3 under the direction of Dean Hec k . It is hoped that by this arrangement, I w 1.1 be abl e to devote practically full tim~ for the next several mont~~ to the completion of the Vinson Memor ial . Perhaps t h e best way c1 r epo rting on the present status of tl1is effort is to r ead to ~,v,l t.he - " ,.. �.. • • I • • • • • t '' • • • • • , , • • ' • .... ,·~ • • J • • I • I • • • .. • • • • • t. \ • • • .... • • • .. • • I (. \ .. • J I • -- - ......... .. ..... l • .. • •• .. I •• • f '. • •I • ' ' ~· • .• • • • • ,. . ., \ • • • • • ' ' • ... I • . r • I • • • l • • I .• • • • • 11 .. • • • • \ • • ~ • I • • ,. • • • • ... r • s • • ,... • • • • • ' • • .., • . ., l ) • ' • • • • • • • • • • ' • • •• • • • •• - • • • .. .. \ • • '. • : • • ~- .. • • • ' • • I• • l ' \ • • \ • • • • • • ~ • • • • • • . .. ' • • • J , ..• • .._ • • • ' �3R memorandum on the m~eting nl-ii ch v,as held in Jas hington , D. C., Thursday , October 6 , 19...:>5 , i n the apart111ent of J\:r' . Frtid '1 . l\1orris on and then ash 1\ir . Ike IJa1ier t o co11u~ent on this meeting and othe r de v elopments ' sinc0 that datb . 1 V. S ) r.IB LONG RANG~ PLl\1~S One item requiring study has al ruauy be~n ind i cated , namel y , tho size of thcl college . Skupt i cal as I am ab out a s tudy of t hi s nature , yot ev0n t hough it should prove i mposs i ble to find a satisfactory answvr , yet the very study should serve to c l ar if y so~~ of th~ purposes and many of the needs of t~e coll~ge . Thus , I b0lieve that t~is matter shou l d be look0d into with much care . But just as thi s probltm ne~ds to be s tudied , so does the matter of financial neods ~eed careful thou ht . How much fixed endowment does the college need? How much s houl d this endowme nt income be supp l emented by l i ving Gndowm~nt ? ijow muc h i s r equi rBd for scho l arships and grants - in- a i d ? I\/1y O\Vn f eeling is that the need for annual ''l ivi ng endowment ", as it is called , i s a good thing . ot ~in5 serv J s to ke up th~ college before i ts constituency in a be tter manntr . LikJwise , I )0 liav d that with the growth and expansion of tax- support;d education, the independent college will on1~, be able to compete providing a.n•:) ng o t h er t'1ings it has more funds for scholarships and grants - in- aid than are now available~ The third major item r Jquiring study is thJ t of plant ne e ds ~ This v,as toucl1E::d upon in the: proposal vvhich was e1ist1'libuted among the me mb ers of th~ Board in Jul~ , 19;5 . How~ver , that study is but a sk~l e ton • . uch more ne~ds to b~ dona t~an ls contained in that me,noranduin . The s e it em s , that is , size of coll0g~ , financial n0eds , and plant ne eds are all matters which mi s ht we ll begin with a thorough self study of tnv college by its faculty , administration , and trust ee s , the kind of study which v1a s fi11anc c:d arnong a dozen or mor P colleges a year ago by the Ford Foundat io n . deveral of th e se hav u some v e ry valuabl e suggestions for Cent re Col l 0ge of I( J '1 tu cky . Then , beyo nd the matter of s e lf study , is also a survey of Pre soyt erian colleges in Ke ntuc 1~:, , similar to that condu~ted by the North Carolina group . Trustd s of our Pr~sbyterian ~oli~ges , the Srnods of the U. S . and U. ScA 9 Churches , c1nd &ll mr1j 11~., ~.1l1mna~~ of th8se institutions probably should do for ti1eir· o:.::..e 6 v:r;.&t has be)n done for the colleges in Nor th Ca rolina . 1 -'U . uch more could be added to this , but this is e~ough tc make it c l ear that thu r e is plenty for all to do , botl1 i mmed iate ly and in t he 1ear future , for thos e int e r e sted in the job ye t to be do11e by Centre Coll~gc of Kentucky. R .JCOMMENDATIONS 1. It is r ecommend ed that the Bo ard give its unanimous en~v ~. me nt and whole - heart~d support of a policy a nd program des i gned to �• • • • • • t • • • .... -- • • • • • I • •• • • • • • • • • •• ., • • • .. .. .. • ' • I .... .. • ' .• ... • • • • • : • .,. .. • • • J ,: • • • • • ' !J J ' • • • • • • • • .. • • • • • • • • • , • : • • , • • • ... • • • • I • • • • .. • , • ' • • • • ~ • ,; • • • • • ..... • • • • • •• • • • • • , • ' • • • • • .; • • • ' • • J �-7- 39 l ego of Kun~uc.ky a q..tali ty Christian l io0ral arts coll " ge for the .s,lpa rj.or student . rnek~ C!unt.!9'r-, Co] It is r \j co.ruuended that tha col l uge employ an additional man fo r s t udent promotion . 2. 3. It is r u commend0d th,:1 t the goner al promotion commit t ee c ompo s '"'d of ,1vssrs . BakGr , Benfi.;ld , Ca1npboll , bo l e s, and Frankel,witt Pr.;s ldant Grov0s as ~x officio , be instruct~d to conduct studi~s as nay b~ r~quir ea to det0rmin~ such matt~r s as (a) size of the coll ~ge , (b) financial ne~ds, and (c) plant ne ~ds , and many oth0 r matters r vlated t o making the job of Cvntr~ CollvLe of K~ntucky as a Christian lib ~ral arts collJge as effv ctiv a as possibl e . 4. I t is r vcoMm~nded that thv Doard approv J thG plans of the Vinson Ivl0morial Committ ee , ( a) to fr ee thv Pre side nt to davote practically hi ~ full time to this proj0ct for a l uast the n ext thr oe months, (b) t o e stablish a s ~parate Board of Trust ea s for tl-ie Vinson .1t·Jmor ial , a nd (c) to givu the Committee authority to s ~lec t such truste 0 s as it may dee m be st fitt ed fo r the purposvs of t 1is M0moria l . �--:' • • • • • \ • • I • • • • • • • .. • • • • • i ' J • • I • • , • • • ' ,, • • • .. , I • .. , • • . • • • • �40 The special committee of the Board appointed to review the survey f the College made by Dr . Norrna11 Burns ano. to recomme11d what suggestio11s might be adopted and hovv they mi 5 ht be put to practical use , believes that this brief preliminary report should be n1ade to tl1e full Board at the ~-.Jovember 5tl1 meeting . Many of the suggestions, proposals , and q uestions contained in Dr . Burns ' report will r equire further consideration and study . Consequentlv , this constitutes only the first of what will probably be a series of reports fro1n this committee . Sone of Dr . Burns ' ideas had been started by the administration (prior to the survey) na~~ly (1) The creation and filling of the place of Dean of Students . (2) The creation and filling of the place of registrar . (3) Co ll ege board examinations for pro spective stude1ts. The full Board thought the l atter i mportant enotlgh to adopt a resolutio11 officially approving this plan of Prdsident Groves to i1nprove the scholastic standing of the student body . The Board also approved an expression of policy that Centre should mak~ its appeal for students and support on the basis of high quality instruction in the liberal arts . Some of the sugge stions in Dr . Burns' report are concerned with administration rather than with policy. The implementation of those suggestions which are adopted will , therefore, fall within the purview of President Groves rather than of the Board of Trustees . The committee is conscious that President Groves has committed himself for the next three months to the organization and oromotion of the Vinson Founda~ion. This effort is of such vital importance to Centre College and its future that this committee does not feel that President Groves should be expected to give his fin al appraisal of these suggestions and proposals until after the Vinson Foundation has been appr opriately launched. However, President Groves I teriporary leave of abset1ce from the full duties of president does afford him an unique opportunity to trv out some of these ideas and to appraise the capabilities of some of his subor inates by testing them. We , therefore, recommend that President Groves create a temporary organization chart coverin the period of his Vinson Foundation activities and that he o tline in brief form the duties, responsibilities, and opportunities which he delegates to each of his key subordinates. After his resumption of his full responsibilities as president, we recommend that he give the Board of Trustees a full recommendation as to the administrative organization of Centre College . �• ' • . • •I • • . .. • • ' I ' .,. • • ' • • • • • • J • . .., , • • • • • • •• • • • L ' ' •• ' ... • • • • • ' • • • ~ •• \ • ' ,. •• • ':- • ' • • . • •• .. • .. • . • • . ... • r • , ... , . r . • -· • • • • • .. i • • • • .- • I • • • ' r ( • • • • • • •• : • • \ .. . . <•• , • • . • • • ' •• • • \ .... , ~ .. • • , • • .. l . ,. • ; ,. 1 , • • .... . • • ; •• • • • • • • • , .- t • ' • -~ •• •• • • • \ '. • ' • • .. \ ) ,• ' ,. .. ' . • ? , - • l • ' ; • ' ' • ~ • • ~ • • • • ., • • : I • • • • • • •• i ', • \ • .• I • • ... • I , • • ,: ..,• • ' . .. • •. .• ' . • .. ' • • • • • l • -. • .. •• > . I • • • • • • , I • • • • .. .. '- • ., . • ••, • • • ~ • • ... c-. -· • • • • .. •• •• ' . • . I \ • • • �I Minutes Executive Committee Meeting of the Board of Trustees 41 December 16, 1955 The meeting was called to order by the chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were Messrs. Lanier, Logan Caldwell, W P. Caldwell, Gosney, Wachs, . and Lively, and President Groves. The minutes of the last meeting of the Executive Committee of September 30 were appro\ed as circulated. It was voted that with regard to the move by the Presbyterian Colleges to honor Dr. Payne, President Groves be authorized to exercise his own judgment and contribute up to $100 for the gift honoring Dr. Paul C. Payne, retiring general secretary of the Board of Christian Education of the Presbyterian Church in the U. S.A. Mr. Arnicar presented the report of the financial operations of the college for the first quarter, September 1 through November 30 1955, of the fiscal year (See report attached). The following resolution authorizing Mr. Arnicar to borrow money for current operations was approved "It was voted that the Business Manager be authorized to borrow $16,500.00 as needed for operating expenditures from the Farmers National Bank, Danville, Kentucky. This authorization is to expire January 20, 1956." President Groves reported on the organization of the administration of the College, the one to be effective during prolonged absences of the president from the campus in the interest of the Vinson Memorial campaign, and the other, the permanent administrative organization of the College. (See copies being sent under separate cover.) The following statement from the chairman of the Board of Trustees, Mr. Ike Lanier, made Monday, November 14, 1955, after the polling of the full Board on the matter of the invitation to the bowl game in Orlando, Florida, is included in tveae minutes here. It is as follows: "In view of the fact that the position of the Board of Trustees of Centre College on post season games and the meaning of de -emphasis may not have been completely clarified recently and thereby caused some misunderstanding, it seemed wise to President Walter A. Groves of Centre College and Chairms.n Ike Lanier of the Board of Trustees to reconsider Thursday's public statement from the Board. "In view of this misunderstanding, the Board has decided to make an exception this year to its established policy and give its permission to participate in a post-season game with the explicit understanding that there is to be no interference with regular class work, no expense to the college , no change i~ basic policy, and that this action will not establish a precedent. 11 �• • • • .. I .,. • , .- • • .. • •• ' • • t" I ' • • • , • • • • •• • 1 • 4 • I -· 1° .' - .. .' ,.'-{ ' -· . , , . '- .. ;. ...... • • • • I ,I, .. ':jil •\ • •1 ' • .• .. ,., . .. - ' .. .. •• ., ,.; t' • ... .. . ·• •• •• .. • ' • .. -, • ... I • • --~ l ,, • .. • .. • " • •• .. r t t .. ~ .,, r'• l • .l:. • • • ' ~ . • C: - • •• r • _, .. I • -. ., I, I ., • •• • " • I. .. 'J ~ J .. l s. ! ' .• ... • - '.) - • • •• • • 4 • ' .J • ~ • ".t,..' t ., ' . • • I .' • • ,.. - .. .. . •.. ! . • • •' • .. c.• .-~ .... •.. • • -·... ., .. - ,. ...• J ~ • • I_,, , , .. • .... • • ~ • • .J .) .. .. • r J ....... i~ .,~ 1 •_,1 .... ./ • • • l • • • • • • r ~ - l- • • •• • u: ••• ~ ! • • • I • ~ •• _, • ·-_,.. .. ' I •• ;/ • • ' O.J .. -. ."· .... • ~1 t • ~ ', • • ;,) .. • ~ 1 • .J • .. • ' .. • I • I • • : • .f'• '-- .•• • • •• ..• j i •• t' • ": . \ . .. .., ' '. • • .t • L '.. .,.. ' • • . ~ ' . • • •• • • •• ' II • • .. •• • • • ~ • \ ' I \ • • • -1 • : • ' )t. • ,4 :• :! • ' ... •• •' • • • .} . ~ . "'·" ~ I •• •• ''... ' . . ·- • . • • • I • ~ • • • ' • • •• l \ • \ t ' • • .. .- ,. f 1 I I } - • • l .. f • '\ "' -- . • • '- .,· ... .L .,. • • , t ... ..J. ·,.; :I: ,. • •• • • • ) • • t1 ,- •I •• • • .• - ,• • \ • • • • • • V '• .J 1- • •f ~J • I. • 'fJ,1.1 • ,• • ' • . , - '( ~ ' • . .. 1 • ~ , '.... 'l • • '. \ • • • _ ,. ..... ' ' • • .. l • ' •• \ • . '.. ..• • ' . .• f"'' i .f'\ ... ~{~ J. • • '' .J•~t:> .r " �-2- In order that the final outcome of this matter be made part of the record of the minutes, it was voted to include the following statement of President Groves in these minutes. "In view of all the time spent by members of the Board discussing this matter between November 9 and November 14, it should be reported that since satisfactory financial arrangements could not be made with the Elks Tangerine Bowl Committee of Orlando, Florida, that on November 23rd, 1955, the following telegram was sent to this committee. ' Please withdraw Centre from further consideration for Bowl game. Letter follows. (Signed) Walter A. Groves, President. 1 "At the same time a statement was sent to the committee,as well as to tl1e newspapers explaining why Centre could not accept any invitation under the conditions stipulated . "It is my own observation to which Coach Inman agrees that the Elks Tangerine Bowl Committee tried to carry on so much of their negotiations by ~d.Y of the newspapers that it made it quite difficult to make any satisfactory arrangements with them except at their own terms. "As far as I can leurn the great mnjori ty of students and al11mni are in full accord with the final action take11 011 this matt er." A statement originally drafted by President Groves and considered by the Faculty Committee on Athletics for the clarification of the policy of the College concerning its athletic program was read and it was voted to refer this statement t o the Trustees Committee on Athletics for further discussion by that committee and Mr . Inman, director of athletics,(since he was not present at the meeting of the Faculty Committee on Athletics,of which he is a member, on this subject) and that the Trustees Committee make a recommendation on this subject at a later meeting , . President Groves reported the receipt of the following telegram from the Ford Fow1dation, December 12, 1955. "Your ioetitution is to be offered grant from Ford Foundation Extended Progrn..m for faculty salary ra.ises. Annow1cen1ent will be released to the press 6:00 p.m., Monday, December 12. This confidential message for yow.~ advanced information. Appreciate your making no earlier announcement. Trustees acted December 9th. Le'tte1 follows. (Signed) William McPeak , Vice President, Ford Foundation." 1 According to the letter since received from the Foundation this grant for Centre College of Kentucky is to total $182,800 .00. The nnnow1cement states further that Centre College of Kentucky was included among the colleges to receive an additional grunt because of what it has already done in increasing faculty salaries. This explains the relatively large figure of $182,800.00. The announcement also states that the basic grant is to be invested and the income used for ten years for f aculty salaries, and the supplemental grant to be used at the discretion of the Trustees, though f aculty salaries are suggested for this item also. At this point in the meeting· the followi11g members of the Alumni Conm1i ttee �• • • • ~ -. • • • • , '• ,,,. • 'l • .I ...• f • • • ' • • • t .. , " .. "-t. • • • • I • • ' I. • ' I -J .. .., . ' •• l_ • -• I • ., t ., • .. • .. • .. • • I j : I, I , - ' I • \ I ~ ... ..' , , 'I • .. • ,,, ._ • • . • • ..• J. • • • • • • .. .,• • •• , • • , .. ' • • • - • • • • • • ... V ..' ' ' .. \ ,• • • : .. . ... I • ... [l • ..., ' ~ .. • • ... • I ._ f l .. • • \ I .• -' ._ "" '-· . .. .. .. . • ~ •• - .. • I • • • • • ~ \ ' • .. ,. •• .. J. J .. • •• •• .:., ' • I ' Il ; , ( ..• ' • ( : • • .f • • • •• • , \ • .. •'• • • •• •• • • • • 1 • • J .· . •. • • • • • • •r • .. • . • • • • • !- • .. ) r , ,. • • l • :...-... ' \ I .. .. . : I ~ • • •• ~ ,l. • • . l I • • •• \ • • , •• - l ' • . .. • '• • • . ' ,. •J '•. • •. L. J •• • • .. I .. • • • • • ., .. ' I - - ~ -t ~ .•• <. • .. ~ I • . t • r ' .., • \ ., ·, • 'i ,1 • I ' '• • • • . .. • . ! ... .. ' • •• , ... • • • \ !.. • • •.• • • • '.• . ~ t • ' • • I•• r'. • • •• • • .. •• , . J • • .. • ' • I •• • ... • • -· \ ... I • I • . .., l '• •• .,.. • • ... • • • ! • • ' • M •• • J • • I • .I • •• I • ., • • I • ' ,.. ... ..., • .. • ... • • , ~ • ' - • ~ • .•, . \ I• I •• • • ..... -, • ., • , • ~ ~ • ~ • i I 'i • • • • • • • • •. I ' ' • ~ • .. ,• • • ., • ., • \ , ' • ., • - .. ., .• • ,... - '"" (' • .._ I ., -. • • .., • . • , • ) -· �-3- • on Student Promotion und the Danville Committee on the Promotion of Centre College were invited to sit with the Executive Committee. This joint group consisted of Mr. E. P. Fatilconer, president ot the Alumni Association, Messrs. SWain, Stith I~anc, and Bailey. Mr~ Falconer explained the background of the cnmmittee's work on student promotion and the recommendations being made. Mr. John E. Frazer , registrar of the College, recently appointed as coordinator for the program of student promotion by President Groves, was present and he was asked to present the detailed proposal prepo.red by him after consultation with the Alumni Committee on Student Promotion, President Groves and others. Mr. Frazer presented his report, and after discussion it was moved to receive this report with the idea that it would be used as the basis for an enlarged program of student promotion. The mer.ibers of the Cammi ttee of A111mni on Student Promotion are Messrs. SWain~ Stith, Henry Nichols, (absent), and Mr. E. P. Faulconer ex officio. ,Following the report of this eoromittee on Student Pr00otioo, Mr. Falconer then reported for the second Cormnittee on Danv-ille Public Relations composed of Messrs. Bailey, Isaac, and Swain. This committee, it was explained bas been formed to survey the needs of Centre College in the field of its public relations with the community. This committee reconnnends that steps be taken to improve Centre's relations with its contributing constituency, especially those who have made pledges to the Weisiger Art & Music Building, and that us soon as these donors have completed their payments on this project, a program be set up to have them, if they will, continue annual donations to the college for scholarships or other operating expenses. This corora1ttee further recommended that it act as a clearinghouse for meetings between groups from Centre College and groups from the comm,mity on mutual problelilS. Following the reports of these two convn1ttees, the Executive Committee took the following actions. The secretary was instructed to write Mr. Faulconer that the Executive Commjttee appreciated and endorsed the work of the two committees. And it further was voted to request Mr.Faulconer to continue with the plan of developing a constructive program of public relations with the cormmmity as recommended by his group. It was also voted to approve the appointment by President Groves of John W. Frazer to act a s coordinator of student promotion in his capacity as Registrar of the College . The meeting adjourned at 4:50 p.m. I F. Pierce Lively, Secretary �• .. .. • ''t •• •• l .. • • •• • • • • ... ' • • • • - • • ' .l • • • • , • • I • • • ' • • • 0 • ' ' • ... • .. • • •• • • .. ... • • • . • ' • • ( • • •• •• l. ,.. ' • • • I j • .. • .• • ' • • .' • ' t I , • ..• • . ' .. •l .. • I '• ' • • • •• ... • • ' \ • • • ' •• .. j ' • • •• • t I • ., 1 •• • • t ... , . • ••• t • .... • r •. • - • , .. -· .. • •• • •• • • \ • • .. • • • • • • • _1 • • • •• • • , • .. •• • • .) • • '' •• • • • • ,. l • •• • .. - l. .. •• -- "I • • .. • I• • I • • • • • .. • .' r' d. • • • 'J • I • • • . . .. . . .. .. . • • , • • • .- ... • ·- ·- • •• • I • • \ • .. • • • • •• • ·. l • • . •' • , - • • • . ..... •• • • • •• • • . ' ... . .' .. ... I • J •• • I ... I• . . I , • • ' • J • •• • • ' \ .. .. ' .f ... •• l • l • '' - • • • • • • I 1 :· ·1 ... •I r, •• •• .. f, .... .. : • . •. '. . . ... • . . .. \ ... ,..· 1 l. • l • • •• .,. • . ,,. ., • • .. ' \ • •• , • ... -· I. \ C' .. • -. I , l • • • \ • • ... • , \, ... • - ,. J.. . I • , • - ..' ..• .. l ' • , • ,I •I •• • • . • • , • • • 'I • '\r, • \ ., - .. - ' ••• I - • • • t r " .. •. • . • • .J •• •• .., . • • .... I • . • \ • 1 (' ,, • • •• • • . ,.., • •. I • I • \ • • • • .. • .. • •• • \ •• • \ • I I I • ' • •• •• • • r· ..• • • • ... ..-, • • • • • • �CEl~TRE COIJ.,EGE OF KEliTUCKY ' I i-JCOME Student FeP5 General Fees Other Fees Budget Comparison O:perating Fund :Budget 1222-26 Quota ll-J0-55 Realized 11-10-55 204 ,215 . 00 1.28s.oo 2Q5 ,soo.oo 100,085.00 643 100.228.SQ 100,451081 603.00 l01,Q5~.8l Endowment Unrestricted 61 , 500 . 00 .Re~l ~state, Unr estr icted(Gr oss)20 , 947 . 00 Res tri cted 2Q , 34o.oo 102 . 2a2.oo Gifts- Ch~ch Boar~ Synod of Ky . U.S . 16 ,000.00 Bd . of Chri stian Fd. U.S .A. 18 .000.00. .so 15 ,350 . 00 8 ,036 . 75 5,Q68.0Q 28.454 . 25 .oo Over {Under } 366 . 81 {40 ~5 0} 326,31 16 ,503 . 95 1 ,153.95 (141f\26) 7,895.49 6 , 62l a4Z J , 6ZJ142 33 a020 , 2l 4 ,6JQ lt l6 .oo 1~ . 000.00 4 1 4oQ 1 0Q 4 1 4Q0 1 0Q 4 , 4oo . oo 4 1 4oo . oQ . oo .oo .oo 1,000.00 11 , 000.00 12 , 000 .00 150.00 ,00 150.00 150.00 .oo 150.00 ,oo ,00 Auxiliary Enternrises Re sidenc e Hall, ~-Tomen • s Dent. 22,615 . 00 Residence Hall, Wiseman 4,360 . 00 ltesidence Hall, lfc1leynolds 3,375 . oo Residence Hall, Breckinridge 11 , 860 . 00 Centreville 6 ,500.00 Dining Hell , \alomen 1 s Dept. (Net) 3,100 . 00 Dining Hall, I.fen I s Dept . ( l\fe t) 2,412 . 00 Tea Room, \•!omen • s Dept. (}Tet) 190.00 Coffee Shop (Net) 945 .oo Bookstore & Postoffice 20,SOQ . OO 75 , 827 ,00 11 , 203 .00 2,045 . 00 1 , 615 .00 6,280.83 1,93'3 . 92 775.00 603 . 00 20 . 00 105.00 11,070.40 37,651.15 170.00 175.00 1,555 . 00 (60.00) 5 ,354. 83 (926 .00) 1,933 . 92 .oo (996 . 04)(1,771.04) (380 . 28) t98J.28) 38 . 71 (18 . 71) 12 . 11 ( 9 2 • 89 ) 13 . 070 , 40 , 00 14 , 1a1 . 65. (3 , 469,so) 5,800.00 102.820.00 5,500.00 . oo J,6?0.00 2 , 010 .00 9 ,820 . 00 6 ,250 .00 1 .112 . 20 28 ,182.50 3,196 . 48 . oo 3,690 . 00 2 , 010 . 00 10,139 . 10 6 , 812 . 83 1.080 . 8z 26 ,929 .26 532,984.00 199,766.90 199,806.65 Fducational-Related Vocational Guidance Research Program Oth~r Non-EducatiQnal Income Gifts Alumni ae fund Student Ac tivities Health Service Athletics, Men's D~pt . Scholarships & Grants Other Income Total Income J4,500 . 00 18 ,500 . 00 3,690.00 2,010 . 00 9 ,820 .00 28 , 500.00 .oo 11 ,373 . 00 2 , 220 . 00 (2 , 303 . 52) . oo J , 690 .00 2 , 010 . 00 319 . 10 562 . 83 :Jl . 6J (1 , 453.22) 39 . 75 �' • • • .. • • . ... • \ \ I • .. ... • • • • •I • • • • .. .. • • • ' I • . . ... •• • • • .. • .. , .. . • .. • . "" • • .. • : • • • • -• I I • • • ' ,. '• • • • • l '• • • ... . . , ( ... . .. '. ..... " '" .. .. ' • • •• t • • - • .. • , .. • . ...--.. •• : • ., a • • • • , • -·-.. ' .. .•, ..'t .. .'...... t ' •' 1 , ... • • . • .. • • • I • . - • • .... ... . - • • .., •• •• r .. ·-(- I .. .- ' • .. ,. ... ' ..... • • •• •• I • • •• I • J •\ • • • ... • ..., .·.. • • ·•• ... • • • ') .... • . • . • f • .. • C • ... • .) .:. l l .•1, . • • ) • .. .. ' , . i ... • • •• • •• I . .. . I ,. t ·.' . '·' • . ..., ., "' .... , ~ • I , l ' . . .,. . .. .. . .. ..... .. • • ' .. • I ., • ,· .. - : ... . .. ff .• • ... . r • • .t '• • ." ) I ' ••• •' ..... .. . • • ' • .,I • f l .. - r ' • . ' • • • .. I • • 1 I l •✓• I } • > ' .. • ,· a • . '\ \ i, l ... • • I • ~ • .. J .. • .. . , • • \ • \ .. \., .. -- .. • .. • t ' \ . ,: •' ' ., . . • • .. .. • . " • .. J • L • • ') ... ...-. .. - • • •• • •• • t • • r .. • . • .. • • • .. . • . ... ---- - . :, .l • ,I • --I • , • • • . • .. ' . I • . .' •• .. 4 - -- - 1 _... , • •• • I ., • .. .. .. . .... • • • • ► I • • • t .. . • - . ,t I • ' • I ' ' •• • ! J . .. ' • • • l - �CE1'1Tl~E COLLEGE OF KENTUCKY • Budget Comparison-Operating .F\md Budget Quota Expended 1955- 56 EXPt}TDITURES Administration & Gener al Pr esident ' s Offi ce Business Office Treasurer' s Office Dean 1 s Office .Registrar Dean of Students Dean of Women 1 s Office Admissions & Stu. Pro , General Expense Boar d of Tr ustees I nst ructional Instructional Expense Library Oper at ion & Maintenance Endowment Real Estat e Auxiliary Enterurises iles idence Halls, l'/omen r s Dept . Residence Hall, \'lisem n a Residence Hall, McReynolds Residence Hall , Breckinridge Cen trevi 11 e Bookstore & Postoffice - • 16 ,091.50 12 ,195. 00 5 ,710 . 00 5 ,520.00 6,125 . 00 4, 275 . 00 4,602 .50 15 ,455 . 00 lJ ,735 . 00 100 . 00 83 ,809. 00 4,022 . 87 J ,048,75 1 ,427 .so 1 ,380 . 00 1 ,081 . 25 1 ,068 . 75 1 ,150 .62 J ,863 . 75 J ,4JJ .75 25 . 00 20 , 502 . 24 3 , 251 . 95 1 ,278 . 12 1 ,739 . 69 1,478 . 04 1 ,229 .94 1,164. 06 5 ,907 . 08 3 ,257 . 42 847 ,60 23,999 . 21 178,936.94 14,945 .00 67 ,611.90 10,918,00 2?2 ,411.84 4J , 41,1,.• 23 3 ,736 . 25 17 ,237 -?8 3 , 552 ,00 6? .9?0 .46 44 ,284. 26 3 ,709 .14 18,321.34 s ,210 .s6 71 , S45 ,6Q (840 .OJ) 27 .11 (1,083 .36) 13 ,695 . 00 2,764. 00 1 ,970 . 00 8,739 . 00 6 ,500 .oo 19 ,475 ,00 53 ,143.00 4,263 .34 553 . 48 456.00 J ,442 . 20 1,625. 00 11,287.92 22 .127 .,4 4,628 . 72 864.60 JOB . OJ 4,503 .97 1, 206 .19 11 ,787,92 23,299 . 43 (365 .38) (311 .12) 147.97 (1 ,061 . 77) 418.81 Other Non-Educational %Pense Public Bolntions Office AliJmni Office Student Activities Health Servic e Athletic Dept. Scholarships & Grants Bus Service Housemothers, Fr a t . Houses Centr al Stor es \·l arehouse 1:/is eman Annui ty Capital Outlay§ Young Science Hall Women's Dept . Heati ng Plant Total Expense Deficit (Over ) Under J ,845 . 83 177.04 (203 .20) 149 .JB (359 .69) (396 .79) (161.19) (13 .,44) (2 ,043 .33) 176.33 ( 822 ,60) (3 ,497 .49) ( ~ . . . : : ; . . a . . ; ; ; .~ (1,121:§) • 2. 920 .00 15,455. 00 J ,690 . 00 2,010 . 00 16,047.00 76,000 . 00 3 ,020 . 00 1,800. 00 1 ,2.35 . 00 2,500 . 00 124, 67? . 00, 730 . 00 3 ,86J . 75 1,290 . 00 352 .50 11 ,3, 2. 09 37 ,967.50 412 .50 555 . 00 3,051 .10 1,925.00 4,976,10 19.33 782. 73 (100 . 00) J4.46 (1,323.10) J0B .75 710 . 67 J ,081 . 02 1,390 .00 Jl8 . 04 12 ,715 .19 37 ,967 .50 321 .55 555 .00 272 .15 56 .872.0? 52 ,111 . 32 ( 459 . 21) 3,051 . 10 1.925.0Q 3 ,051.10 1,225 ,00 4,976.lQ . .oo .oo 181 ,152 . 18 (8,703 .J5) .oo _4 ,9?6 .10 539, 016.94 172 ,448.8J (6 ,012 .94) 532 ,984. oo ,oo . oo 90.95 .oo J6,_4o .oo .oo .... �• • • �--· CEl~TRE COLLEGE OF ICEl~TUClCT Balance Shee t Sta tement- Operating Fund ASSETS • Current Funds A. Gene r a l Fund Cash in :Bank Petty Cash Fund November JO , 1955 (922 .18) 1,000 . 00 77 . 82 No t es Rece ivable Accounts .heceivable Due from other funds ! Fr om Evans- Sumrall Schola rship Fund From Farris Fund 387 .65 14, 675;87 98 . 00 8 ,476 .81 8,574.81 Deferr ed Expen~e Invent ori e s Pr enaid Insurance Total Assets LIABI LI TI BS Curren t Funds A. Gener al Fund Accounts Payable Accrued Salaries & \vage s Feder al Taxes \'Ii thheld. Social Security Taxes \Vi thheld Hospitalization Insurance Salary Savings \·!i thheld State Taxes \'Ii thheld Bo rro,.,,ed r1o ney Due Other Due to Due to Due to Funds : Building Fund Priz e F'u.nd DKE House Fund Prepaid Charges : Boar d , !-fen I s Dining Hall :Board, \i/omen ' s Dining Hall Reserv es : Athletic Department Resear ch Program Gifts for Designated Purnoses - 714.50 16,152 . 17 29 ,069 ,90 69 ,672 . 72 8,903 . 87 14,657.01 4 ,188. 67 489 .85 209 . 77 140 .88 476 . 66 13 , 500 . 00 62 ,566 . 71 67 .1? 3 ,253 .47 l?l . 60 3,492 . 26 13 ,800 .82 15 , 506.35 29,307.17 198.83 7,180.38 1,507.2? 8,886 •.50 5,000,00 109,252.64 Lichter Foundatio n-Student Loan Fund Surplus & Defici t Account Accunm]nted Oper ating Deficit Oper ating Gain a t Nov . JO , 1955 • 58,274 .36 18,694.44 46 �.... • • • • ' ., • • ' .. • • ,.. .,, . • • • t .- ' • .. .. 1 . ,. • : \ • ' ,, - -. 4 '. \ • • - [ I • • .. ' • .. • • • • ••• f • .. 1 )' • • • •• • • .·, , "' . • • , ,. • J •• ... . .. .,. I "' • • ~ • ..••. . .. • I • • -~ ' • • ~ • \ • • - • • • -.. .- • J ~!., . .. f- ... • • I • • .... • •• .~ • t , • • • • I ' .. ' , C • • • • .. • •• • ftf �: • 47 Statement of Income & Expense O:!;)era ting Fund November JO , 1955 EDUC~TIONAL & GENERAL Auxiliary Enter ~ri ses Residence Halls , \vomen I s Dept . Residence Ralls , Wiseman Residence Halls , ~lcReynolds Residence Ralls , Breckinridge Centr eville Dining Hall , l!fomen I s Dept . Dining Hall, Men 1 s Dept . Tea Room , 1vomen r s De3)t . Coffee Ghop , !len I s Dep t . Boolcsto r e & Postoffice Other Non- F.ducational Gifts Gifts Alu.mni-ae Fund Student Activities Health Service Athletic Dept • • Men Scholar ships & Gr ants in Aid Other Income &idowment Real Est~te Public Relations Office Alumni-ae Office Bus Service Housemother s Frater ni ty Hcuses Centr al Stor es \/ar ehouse \'Ii seman Annuity Income 138 , 735 . 72* Expense 90 ,114.45* 11 ,373 .oo 2 ,220 . 00 1 ,555 . 00 5 ,J5 4 . 8J 1 , 933 . 92 \996 . 04) (380 . 28) 38.71 12 . 11 11 , 020 . 40 14 ,181 . 6 5 4 , 028 . 72 864. 60 JOB . OJ 4 ,503 . 97 l , 206 Jl9 11 ,787 . 92 23 , 299241 3 ,196.48 .oo J , 690 . 00 2 , 010 . 00 10 ,119 . 10 6 , 812 . 83 1 , 080 . 87 1 ,390 . 00 318 . 09 12 , 715 . 19 37 , 967 . 50 5 ,2J0 . 86 710 .67 J , 081 . 02 321 .55 555 .00 272 .15 .oo 26 ,929 , 28 62 ,562 , 23 Capi to.l Outlays Young Science Hall Women 1 s Dept . , Heating Plant Total Income & Total Expense Ex~~en Income over Expense 3 , 051 .10 1, 925 , 00 4 ,976 . 10 See Schedules 181 ,152 . 21 18 ,694. 44 199 , 846 .6 S ~ 199 , 846 . 65 199 ,846 .65 �I ., ., • • • • • .' • • •• • . • • , r • • •• • ' ,,t • ;- • ~ • , • ..• .... • •t J ..•• . J .. I .• • 1 ,. • .. • . ~. . f " . • '.. . , ~ • • ... • \ \ ~ • .. ' > • • • ~ .. • . - • : ·• I • • ' • • "" • ...• ' , • . . : • ~ ·.> , ... . .•. .• • ,, • • I • ., : '• • .- • • I r ,. •• • ~ • • ' • • r • • ·1 • • • I I . • •• • • • • • . • •• • .. �48 • November 30 , 1955 Schedule A E<l.ucetional & General Income Student Fees :i'u.ition & Fees Other Fees Endo,men t Income Unallocated ~11do~rment &.~rnings Heal Lstate Income , Unrest ri cted (Gross) Restr icted E11do1t/Jllent 100 ,451 . 81 603 . 00 16 ,503 .95 7,895 .49 8 ,691 .47 33 , 090 . 91 Gift s -.Cl1ur~h Boar ds Board of Christian Education , U. S.A. 4,440 . 00 Educa ticna]. 1tela tecJ., Vocational Guidance Total Educational & 150,00 Gener al Income Schedulei B En.uctltiona.l & General Expense Administration & Gener al President's Office Business Office Treasurer' s Office Dean • s Office Registrar' s Office Dean of Students Dean of \1omE'n Admission & Student Promotion 1~ eral Expense Board of Tru~tees J ,845 .83 3 ,251 .95 1 ,278 .12 1,739 .69 1,478 .04 1,229 .94 1,164. 06 5,907 . 08 3 ,257 .42 847 , 60 23 ,999 . 73 Instruc_t_i~nal Expense Instruction Library Oner ation & Maintenance - Total lns tructiAnal Eh:P"n~e 44, 284 .26 J ,709 .14 18,121.32 66 ,114. 22 90 , 114. 45 �• • - . ...• • • .. . I ' • • ' • • • ' . • I • • -. • .• • lJ • . .\ I .. • • . r .., \ I. • • • , ' -- ., • ' ... • 4 J• . ' . •• 1 .. .., • \ • 'I 1 \ I - • -' . ' '' • , • I _. • • i r • · • • ' • •• ' •1 r, • . • ' • r ., t ,, • • • • ( • • • • • • ... A �Pr esident • - .. .. ... .. a..... -. ::::::, ; . • .· a ·;.;; _____ ·~ -;.. College Vlomen ' s College Promotion Business l'tanager Dean of Dean of Gffi ce "" Facult y & Commi ttees Regi s t r a r Dean of Students ----~ r·~ 1 ~ ~ - - ---- · ---::: - Bui ldings & _ o_ 11ds Gr 1. . - -- Food __ _ - ----· ________ ____,__,,., _ , _., St uden t Fromoti m St1 nt 1de I~ ews Bureau .. lumni Sec ' Y ·t --4 Alumnae Sec ' Y• ..J-------------· --------· ---- Promotion Vfomen ~Jen I - -- - - - - ----- ADrIT NIS'TR.d.TIVE CH:il1T O C'ENTR'E COLLEGE OF f~l'JTUCKY F ~ '.{) �• • .... • • �President • - ·- - ... ! -- -- ..,. - . - .......___ --- - ...... Business Dean of College Lean of :omen ' s College Promotion Cffice i1!anager ,~ . , ' Faculty & Committees Registrar • • Dean of Students Buildings & Gr o ..L.:t.ds - ·- -· --- ...-, • l~ev1s Bureau .lumni Sec ' Y ·1 --·--- Food 1 ---· -~- Alumnae See ry . -- . .,;- ---·------ St11de nt Promotion 1Vomen +------------4 Student Fro1notim l1 ien .,.________________ AD 1I~JISTR.iTIVE CH.iRT OF CENTRE COLLEGE OF Y~\JTUCKY Cit :, - �I �Minutes Executive Committee Meeting Board of Trustees February 24, 1956 l The meeting was called to order by the chairman, Mr. Ike La11ier .. Prayer was offered by President Groves Present were Messrs. Ianier, Campbell, Gosney, Lively, Van Winkle, and ~ ·lachs and President Groves. The minutes of the Executive Commjttee meeting of December 16, lrere approved as printed and circulated. 1955 Tl1e report of the financial operations of the college through Jan. 31, . 1956 was made by the business manager, Mr. Arnicar. (See copy attached) It was voted to receive and file the report. President Groves made a report on the living endowment fund of the College f or the first four months of the fiscal year through December 31,1955. (See copy attached) It was voted to receive and file this report. the request of President Groves, Mr. Arnicar made a report on the food service operations as administered under the contract with the Slater Food Service. Mr. Al"nicer reported considerable satisfaction expressed both on the men's campus and the women's campus, although there have been complaints during the year from a number o f students. As nearly as can be ascertained by consulting ,nth Dean Ullrich, who has taken meals occasionally in the men's cafeteria, Dr. Heffelfinger who eats in the men's cafeteria regularly, M.i.ss Amelia Yerl~es, who has taken one or two meals in the women's dining haJJ, and t he special student committees of the Student Faculty Congress, the arrangements are more than satisfactory at the present time. On In order to clarify areas o f r esponsibility, on motion of Mr. Camp'bcll it was voted that Mr. Arnicar, the business manager, and all other members of the faculty and staff of Centre College of Kentucky are to furnisl1 President Groves with any information requested concerning the operations o f t ,1e College, financio.l or otherwise. It is explicitly understood that this has to do with both income and corpus of the endowment . President Grove 9 reported a r e quest from the Centre Christian Association for authority to purchane a truclt f or tl1e t1sc of the Associati on in order t o enable student;s t o serve outpost cl1urches at McDonald Center, the Buena Vista Church and other out,post ,1ork, i,rhich would require their borroi,ing $'700 froc tl1e College . It ,..,as voted to advance this $700 to the Centre Christian Association t o enable them to purcriase this new truck with tl1e understanding that this amount, vrill be po.id over the next two yeo.r period frora tl1e regular appropriations wl1ich are made to tl1e Centre Christian Asso ciation from tl1e S·tttdent Activities budge t and from 0tl1er sources of tl1eir j_ncome . It ,-1as fu.rt11er recommended that tl1i s ne,.., truck be purchased by the business 1nanager, Mr. Ar11j.co.r, and registered in the name o:i:· the College. President Groves reported the receipt of stock gif'ts from Miss Be:rtl1a I.,cbus to establish the Lewis & ?1artl1a C. Lebus Scholarship Fw1d, the gifts ~ ��- 2- amounting to approximately $5 .100 . This gift l1as been recei vcd tl1rough the g~od a~oJices of Mr. Ike Lanier, chairman of the Board. It is the intei1tion of tv!i ss Bertl1c Le bus to build this fund tlp to $12,500 to take cc1.re of' o. 1\.tJ.l ~c:1.olarshj_p at the Coll ege. P~esident Groves reported the receipt of $2,000 from t he Esso Fou11dat i o11 or New Y,~ rlc., an unrcst1'icted gift to tl1e College for oper ations . The Esso Foui1dati.011 has 1·ecently sent out gif'ts of this kind to 226 non- taxsupported collc~cs and universities across the nation, three of them located :i.n Ke11t~.1.cl:.y; namely 1 Berea, Trcmsyl'v•nnia, o.nd Centre . It wo.s pointed out tl1at tr11s is sometl~ing vf tl1e same ltind of specio.l rccogni tion '\vhich Cent re 1·cccr~tly received from tl1e Ford Foundation grant . President Groves reported that the official confirmation from ~u~. llilliam llcPcal:, Vice p_·esldent of t l1e Ford Foundation , has been received since the meeti11g of ti1e Executive Cammi ttce on December 16, 1955, in vrhich it is stated that Centre's ohare i n the For d Foundation gr ants is to be $182,Boo, ,1hicl1 amount inclttdes the merit grant made to some 126 colleges ccross t!1e nation . One - half of t l1is amount is to be received by July 1956, --md tac second l1alf by July 1957 . The use of this basic grant is to be restricted in that it is to be invested and the income 011ly used for fo.culty salaries for ten years, after v1hi c11 it vriLl be free mo11ey. The use of the merit grant is completely unre stricted. Si11ce none of these funds i1ave yet been received, and also in vie\v of the fact that on the basis of a more recent letter , the t otal of the grant may be somev1l1at in excess of $182 , 800, it was voted tho.t the final disposition of this merit grant be postponed until the meeting o f the full Board i n the Spri11fs. Concerning the grant of $l0,000 received in December from Mrs . Alfred I . du Pont, a report of which has already been made.: , it ,,as voted,on the 1·ccormnendation of Pre sident Groves, t,hat he be authori zed to apply tl1is gif't to the permanent endowment funds o f the college if that seems desirable after h:i.s ccnference w-lth M:rs . dtl Pont on Marcl1 20, 1956 . In this connection atte:ition 1-,as called to the fact that liirs . du Pont made a gift of $1,500 or1 March l 'l , 1951, vrhich aJ.ready is in the endomnent iunds of the Col lege . t'1r . Ensminge r' s report concerning tl1c status of the 15th Alunn1i Fund ,0.s made s~lowi.ng that to date, from 361 c ontri b·'1tors, $10,500 has been paid in cash anc1 ple dges . This compar·cs with 450 cont ributors for a t otal of $J.l, 200 at the smne date a ye ar ago . 1 Pre sidc11t Groves :ccported on the pre sent status of the construction of the l·lcisiger Art and l•tusic Bttilding. In this connection, uttthorization wns gi vcn to pay for the construction ancl installation of' the panel s1,1i tchboa.rd wl1icl1 is to be made by Mr. Steiger under the direction of t4r . IIi ll . Thi s board if purchased commercially and installed by the electricia11 would cost as much as $2 ,000. It is hoped that the cost of t he board wliich Dr . Hill and Mr . Steiger have in mind 1-rill be l ess tl1an nnc - f ourth of that amount . President Groves reported the rccomrnendation by Mr . Steiger that i1·on pipe be us0 d t hrouahout in the sc,.,1er con11cctions with the main sc. ,.,er line �• , ... l • .. \ ' • .• • .t • .,. • • .. • • l • • . • r • \ •• • ~ .. • • ! • • r • I • • • • • • • . ' • • • • • • • • • • ~ • • I • • • • • ~ .. l •• ' • . .. ... .. .. • . ) C . I" \ • . ' •• • • ., , I ,I • • • • • •• t • • ,I + , •• . . ' • .' • • •• • j • • ... , ' •. •• • • • t, ' ¥ ... • �53 -3instead of glazed tile called for in the contract . The authorization which President Groves has already given for this change involving an additional cost of $1 . 30 per foot for approximately fii'ty feet of pipe was confirmed . • President Groves also reported the install ation of asphalt floor tiles in the basement choir practice r oom, which was judged necessary both for acous tical purposes as well as purposes of cleanliness and appearance at an additionaJ. cost or $320. This action of the President was confirmed. It 1 -ras p ointed out that the cost of tl1e de dication exercises planned for April 28 fo1~ the ileisiger Art and Music Buildi ng vrould probably be in the neighborhood o f $1,000 . T11e Pr esident ..,.,as autl1orized to malte cxpendi tures up ·to t1iis amount, the t otal to be addeC: to the cost of the bui lding. SaJ.aries for faculty members and members of the administration, as rccomme11ded by the President ·to go into effect as of September 1, 1956, were a:!.)proved lri.th one exception; namely, tl1e sala.i."'Y of 1'1rs. Pat terson, secretary to the president , which is to be made retroactive as of February 1, 1956. At t~1is point President Groves was asked t o leave the room. On motion by Mr. Wachs, tl1c Comrni ttec vot e d to add t o tl1e list of 1..ecommcndations of the President a salary increase of $1 1 000 for President Groves . It was e,l so vo·ted t o a dd to the list as recommende d by the President an i ncrease for t he Business Manager according to the judgment of President G 1·ovcs of not more tl1an $500 per year . President Groves repo1·ted for 1 ,1!'. Iforris Armstrong, chairman of the Commi ttcc on Athletics of t11c Board of Trustc0s, thut it is the consensus of tne Trustees Atl1letic Committee that the r e is no n~ed at the present time of making a detailed statement concerning tl1e atl1lct.i.c policy of tl1c College, 111 tl1e first pJ.ace, on the ground that the policy ts ltell-known, and secondly, such details which might appear t o be sound now may need revision at a future date under changed circumstances . Th i s report was received and approved. President Groves reported that it vras tl1c intention of tl1e Faculty Committee on Athletics to dra1,r up some rules of its o,m for implementing tl1e policy of the trustees on the understanding that as soon as these 1~cs have been formulated they ~..rlll be reported to the Trustees Athleti c Commi ttcc for their information a:nd/or appr oval . A rcpo1·t ,rao mo.de concerning the r corgani zati on of the student promotion activities of t he College vlth Mr. J ol111 \·l. Fra ze r ass,1ming responsibilities as coordin ator. as part of· l1is work as registrar , and Mr. Brice I.cec! .. and Mrs , Katl1crir1c Si lcott continui11g as admissions coui1sellors . 'l'l1c ncvr arrangemc11t was rcpoTtcd as being evidently satisfactory up to the present time. Mr. Frazer ' s report or1 pre - registratio11 for the fall semester was mo.de sho,ring that a total of 126 student s ( 65 men 011d 61 women) wer e pre -rceistcrcd ,,.s o f February 24 , compared "ritl1 107 (54 men und 53 women) at the same date a yea1· ago. Of these 126 students pre - rcgiste1~ed, 80 arc f'rom Kcntucl~y, 43 arc f'rom otttsidc Kent ucky, and three a.re from fo1·eign cou11tries . Tl1e Board of Trustees l1as suffered tl1e se rious loss of a colleague nnd friend, Mr. Samuel Beriah J ones , since tl1e last meet ing o f t~1c Excct1ti vc �~ �-4- 54 Committee on December 16, 1955. Mr. Jones died December 27, 1955. The Exccuti vc Connni ttec, therefore 1 drevr up the follo,n.ng memorial on 1-fr·. J ones. Samuel Beriah Jones February 6, 1880 - December 27,1955 On December 27, 1955, Centre College of Kentucky lost a loyal a1,1rnnus, o. ,ralue.blc trustee and a faithful servant in the death of Samuel Beriah Jones . Sam Jones' loyalty to Centre is evidenced not only by his persona). int~ercst from the time of his graduation in June, 1899 1 w1til l1is deatl. in 1955, but by the pa:r-ticular fact tl1at three of his children arc graduates of the College, Elizabeth Jones '33 (Mrs. Frede ric Meyers)~ ~1ina Rea Jones (Mrs . G. L, Perl o,.,) , ~1arian J o11es '30 (Mrs. Glenn C. l{ebcr J . '31 It is not surprising, therefore, that when the Centre College Alumni Association was reorganized in 1941 he was made one of its directors and in 1944 vras made president of tl1e Ass ociati on. October 27, 1944, Mr. Jones was elected to the Board of Trustee s of tl1e CC' llege and on October 4, 1946, was made a member of its Executi vc Committee . During his elev~n years on the Board no one served more faithfully . lie rarely missed a mceti11g . As an engineer ,d th lrorld vride experience J his counsel at just the periou w'l1cr1 the Collet;e 1-ras expanding its physical plru1t vla8 pro'"n.dential . Having enterc..:d engineering by way of the li bercJ. arts, the1"'e \-Tas ne\.·er any doubt in his mind as to the fundruncntal purpose of Centre as a l ibe ral arts college . As an active Cl1ristlan lo.yman .i.n his churcl1, he had a. :;crsistcnt concern for tl1e Cl11•istian impact of his alma mater. The trustees oi' Centre College of Kentucky arc 1-rell aware of the loss \.Thicl1 they have suffered in the death of a devoted colleague and friend, a11d yet at the same time tl10y are grateful for the inspiration of l1is unselfis:1 r'u:.d use i'ul J.i fe • Therefore, it is reGolvcd tho.t tl1is mc1norial to trustee Samuel Bcrial1 Jones be made a part of the Mintltcs 01· tl1c Board of Centre College of Kc:ntuck:{ and t11at a copy of it be sent to the membcrc of' ]1is family as an c.xprcssi.011 of sincere appreciation and sympathy. President Groves reported on the death of Mr. Gerald IIaywood, di1·cctor of rescni-·ch f or v/cst Vi:rginia Pulp o.nd Paper Compan:y· on Januar:,.. 8 J 1956. He also reported that letters of condolence l'1ave been sent to P1•e3idcnt David Lulce of the West Virginia Pulp and Pa.pe1' Compuny ru1d to Mrs. Gerald HaY\-rood by Dr . Rush. Preside11t Groves also reported tl1c.t a telegram had been sent by l1lmsclf to Mr. David Luke of the Co1apany. It wns undci· Mr .. Ife.Y1-rood' s <lire ct ion ti1at Dr. Rush and Dr. Wnlh-up l1ave conducted tl1eir resenrcl1 for tl1e po.st four ancl a half years. Mr. Jacl{ Leccl1 ho.a been aprJointcd by tl1c company to to.lee Mr. Haywood's place. In order to relieve Dean Leroy Ullrich and enable him to devote more time to the adroi nistrati ve ,,oJ·k invol vcd in t}1e Dco.n of Student • s office, Prcsid.ent Groves reported tl10.t Miss Mary Hulde Allc:11 l1as been employed for the s.cco:id semester o f the academic year to tcac:1 two sections of tl1c course in �• • " ' , ... ... •• , '• .. • I. • • \ , . • l • •\ ,.l • I •• • ~ I• • •• I . • • ..• •• ~ . I • • ' •• ..• : ,. ' .-i • . • :, , ; ~, • •I_. ... r • '" ., . • ... I l • ., • • • I• • • n• • \ • • ' I • ., .. •.z I .. • ' • • t ' ' • ~ •• ' ; t • . .. • ,. • ... • ' •• • .. • •• • I • • .. I [" • .. . • • • • .•. • I . ,., .-• .. .. '• • • • • • 'J .. • .. C 1 • ... ... l: •• ' - : , .. • -·- ..• , • ,_ , • ", .. r r , L • • ..• I • t .. • • •I • •• • .. , • �cdolcscent psychology (Psychology 102) at a salary of $650 for the semester . ( Sl~e biographical do.ta atta.cl1cd). On the recommendation of a connnittee appointed by the President, which inclttded Messrs . Arni car, Fro.zcr, Inman and Dean Heck, it vra.s voted to rent two rooms on the second floor of the Boyle-Humphrey Gymnasium to the Army if a reasonable offer ($1200 a year has been suggested) is made by the Axmy and nlso provided that the larger of the two rooms be kept availabl e for classroom tlse, the contract to be on a twcl ve month basis wi tl1 an option for rcne~ll . Tltc President reported on 1-rl1at l1e felt to be the need of a student ui1ion- dining hall bttilding. It vras voted that the c11a.irman of the Exccuti vc Committee e.ppoint a spc:cial co1nmi ttee to study this matter and makc.: its rccommc.;11dations to tl1c f\111 Bon1--d at the s1:>ring meeting . I t was reported that Mr . Dudley L. Parsons, sen:i.or member of the public relations firm of Dudley L. Parsons Company of New York City, which is ct1rrcntly being employed by the Board oi' Christian Education of tl1e Presbyterian Chu1--ch in the U, S. A. for dcvelopj_ng a public relations program in the Presbyterian Cl1urch all a.cross the country for l ts colleges, is to be in Danville on April 19 ond 20 . It was the consensus that Mr . Parsons be invited to meet with the Executive Commi ttce on tl1e uft(..rnoon of April 20. which is the regular tin1e for the commi ttce 's me0tt11g . There follow0d a full reuor·t of a meeting in Cir1cinnati, Ohio, February 13, 1956, with Dr . E. Fc.y Co.mpbel l, secretary for higher cd,lcatio11 of the Board of Christian Education Jf the Presbyt~ria.n Church in the U.S.A., and Dr. Hunter Blal{cly, oecrctar·y for Chr:L stian highe r cdttcation f or the Presbyterian Church in the U. f3. Present ,,ere trtlstees Lr111ier, Vo.r1 \vinklc, Gamble, and Gosney, President Groves, the Reverend Jo.mes .Angell, chairman of Christian Higher Education Commi ttcc of tl1e Kcntl1clt~' Syi1vd of the U.S. A. Presbyterian Church, Dr. Ray Harmclink, assistant General secretary of tl1e Boo.rd of Christian Education of' ti e Presbyterian Churcl1 j n the U• .-:J, /\.. , Dr. E. Fe.y Cruapbcll, secretary f or hi~1cr education of the Board of Christian Education of the Presbyterian Church in the U. S. A. , and Dr. Hunter Blakely, secretary for higher education of the Bom~d of~ Christian Educ·1.tion of the Presbyterian Church in the U. S. Tl1c chairman of Christian Ii:..gl1cr Education of the Synod of Kentucky of the Presbyte rian Cl1urcr1 U. s. was unc.ble to attc..11d . Dr. Campbell stated the position of the General Assembly of the Presbyt erian Church i11 tl1~ U• .J. A. on tl1e rantter of desegregation and urged the trustees of Centre College to make a statement to tl1c Board of i hristian Education ~.,hicl1 they could use in roaki ne tl1eir report to the General Assembly in M 1956. Dr. Compbcll reported that judeing from e xperiences at the ay General Assembly in rcc0nt yea.rs, \rhich antedate the dcci sion of the Supreme Court on M 17, 1954, the Assembly may well insist on desegregation by all ay colleges now related to tne Presbyterian Church in the U. S. A. before they can receive support from the Board of Christion Education of the Presbyterian Church in ·the U. S.A. Dr. Harm linl~ confirmed this opini on of Dr. Campbell's. t-1r . Iltc Lar1ie1" stated tl1nt l1c 11opea. that the General Assembly vrould not take sucl1 prcc:!.pi t ou:; action now, be.co.use lie felt that it lTould l1indcr the efforts that arc 11ov bei?lg made by the College to deal, with the p1~oblcm and almost certainly �.. ' \ . .. I • • ,• \ ·1 - .. • • • •• • • • \, I • ... , . • > •• . ' • . - •• • • . • •, ◄ •• • • ~ .. • I• .. I • • • •, •• I~ • • • • . • , • • , :.. .. , ., • • ' • .. • .. • • • ' .. ... ' • ., .•• • • , • •• ~. .. ., :.. ; . . • .• ., •' t •. ' • • .. • • • • . I • ., I ., ,.."' • . • It • • . · . '. t • • • • .J' .. ' • , ...... ·1 I • '- • -~ ... ~ • • • • -7 . ' • '. • • • • , . •• i • J, : .. • .. • •• • ... ....,., . ... , • • i . • • , • l , , • ..• •• • ... .. • • • \ ♦ • • I • • • - ~ r • • • ', , • f• l • • . • 1 .. . .: •• .. ·- ·, .. • • • ' .. ' 1. ••• • • • • • -.; .. •. .. • • r • •• j • • • • • ., • • ..•• • •• --·. • • ,J • • .. .. . •• f • I ' ' • ,i l • • • • •• .. 'I, ~ •• I -· • . • •' • • t I - • ) ,, • •• • • • .... • • .. ••• •• ,J •• ,. . t • • ' •I - I • \ • • ' .( • • \ ... •• • • •• • ,. !: \ '. - • \ • •• • • ' ... •' ' • • . ,. . , •J' • • • • • . ·, • . •• • • I • :' • �-6would result in a severing of the relations of the College with the Presbyterian CPurch in the U.S.A. It was the opinion of both Dr . Campbell and Dr. Ha.rmelink tl1at the fact that Centre College of Kentucky has notl1ing in its charter or by-laws which would prevent the acceptance of Negro students should be mentioned in ru1y statements made . Dr. Campbell also expressed the opinion that if t he truutee s could also give tl1e Board a statement t o the e f:fect that tl1e trustees we1·e aware L f the problema involved, and were seeking ways and means of bringing about desegregation at a time and under circumstances that would best serve the welfare of all concerned, then this might meet the situation which coni'ronts the Board as it reports to the General Assembly. The discussion then turned to tPe subject of the advisability of a Study of Centre College of Kentucky which mignt arouse the Presbyterians of Kentucky, not just to an awareness or ,rhat they had at Cent re, but to vrhat they could do to r.iake Centre a reaJ J y leading Christian liberal arts college in Kentucky and in the S uth . Dr. Blakel y led in tl1is discussion and asserted tl1at f or a properly conducted Study the Board of Christian Education of t11e Pres byterian Church in tl1e U.S. would contribute $5,000. Dr . Campbell felt that l1e might persuade the Board of Christian Education of the Presbyterio11 Church in the U. S. A. to make a similar grant. Both Dr. Campbell and Dr .Blakely also stated that the College probably should contribute an additional $2,500 toward the total estimated costs of $12,500 . Drs . Blakely and Campbel l were of the opinion that t he Study should concern itself only with Centre and not with tne other Pre sbyteri an institutions of higher education in Kentucky. Ther e f ollowed a cliscussion o f both of tl1ese subjects . \Ii th regard to tl1e matter of desegregation J tl1e Chairman, Mr . Ilre La 1 1ier, appointed a special co1nmi t tee consisting of Ivu·. Fred B. \·lachs, l-1r. Nox·ri s Armstrong, Mr. Logru1 Caldwell and himself as ex officio to meet with commit tees o f higher education of ti1~ ti,ro Synods of the Prc;sbyteriru1 Churches of Kentucl<y for the purpose o f tryi11g t o dravr up a statement tho.t will be mutually satisfactory t o be sent to Dr . Co.mpbell for inclusio11 in any r eport wl1ich the Board of Cl1ristian Education o f the Presbyterian Cht11·ch U.S.A. may wish to make t o its General Assembly. Concerning the matter of a Study of Centre College of Kentucky as suggested, Mr. Ike Lanier, t he chairman wast~ nppoint a committee, this committee also to meet wi tl1 the conm ttees on higl1er education o f both Synods of Kentucky of the Presbyterian Church i11 the U. S. and the Presbyterian Churcl1 in tl1e U. S .A. (1) To make rec omme11dations t o the Doa.l'·d of Trustees concerning t he advisability of such a Study as the one proposed. (2) And if the Study seems advisabl e , to r11al;e recommendation to tl1e Board of Trustee3 concerning its purpose and scope . (3) And again, if it seems advisable to go ahead with the Study, t o make a.pp1~opl'·iate recommendations for the planning and metl1od of the St udy to the two Synods as ,-1ell as t o the Board of Trustees . Adjournment . �.. ; • • I • , \ l • • . . ( JI • .. ' I ' l • I • I • . • • • • .• • ' . ,. • • • A. • • •• • .' -· • I • •• . II • J . •• .. T . • •f ,. ., • ,, J -.. .•, . ... • II • • , •• • • r • I i, ., I' • • • • . • • • ,•. . . '• • f • • ' .. • • • t • • • • • .... ' I ... t • .. • \ , • • . I. • • I • '... J ... • ' . ••.. • V • . • ' • •• • • • • J • .. ' I .. •• • • .. ' •.. , ...... • • ' .. • I •• , . . .. • l ' • .. I ' • • .,• T ' : ' .. - • "' • ,I • • • • • .. • f • .' .. • I • ' .. •• • \ • • • • ... • • I I ,. ' .I ' • • • •• ) .. r • • I • • .·- - • ' , • .... , ' ' • • , I • • ' ' • • •. • r• • I • • , • • I - ' • • .. • • • .. • .. • I -- - .... , -• • • .. • • • - • • , I , • • • ( - I ., • • • • •• , • •• • . • • • • • • .. ',.. .. • •• • • • • • •• • • • • 1., . ,. ' I •' • I •• .. ' • • . • I 'I. • I • • .. • ,, I I • • • ,. J •I • • r • • • •• • .. f • • • \. • • ' . .- •• , • } I • • t •• • _. .:. \ • J J •• • • • • ... ' r .. • • I ••• • .. I • ••• \ , r • • ' •• ' .- • • • ,.. • • ) • •• I • • •• .' • • I f I ' • • .. . ... , • • .. t • .l •.., , .... • •• i • .. • �57 CP.NTRE COLLEGE OF KEJ?TUCKY Ba.l ance Sheet Sta tement - Oper ating Fund January 31, 1956 ASSETS ' Curr ent Funds A. Gene r a.1 Fund Cesh in :Bank Pett y Cash Fund 62 ,694 .65 1,000 . 00 63 ,694.65 387.65 Notes Receivable Due from other funds : Fr om Evans-Sumr all Sch . Fund F1·0 m Farr·is Fund Gener a l Scho larshin Fund - 160 .50 10,175 . 06 260 e00 10,595.56 Defer red Expense I nventories Prepai d Insurance Total Asse ts 318.62 16 ,135 . 24 29 ,917 . 22 121 ,068 .94 LIA BI LIT I ES Current Funds A. General Fund Accounts Payable Accrued Salaries & Yages Feder al T~xes 11/ i thheld Social Security Taxes '.ii thheld Hospitalization Insurance Salary Savings \Ii thheld State Taxes ;'I i thheld 2.653 .30 14 ,502 . 28 4 ,146 . 97 752 .50 18J . 72 126.88 310 , 62 22 ,676. 27 Due other funds: Due to .Building Fund Due to Prize fund Due to DIC Rouse Fund E Prepaid charges: Studen t Fees , 2nd Semester Boar d , l-fen ' s Dining Rall Boar d , :!omen 1 s Dining Hall Reserveo : Athletic Department Res ear ch Pr ogr ~m Gifts fo r Sesignat ed Pur poses 67 .19 3 ,253 .47 1?1 ,60 J ,492 . 26 95 ,797 . 97 7 ,147. 87 8, 245 ,00 111,190 . 84 232 . 6J 390 , 28 2 ,412 .29 3 ,035 . 20 Li chter Foundat ion - Sudent Loan Fund Surnlus & Defici t Account Accunmlated Oner a ti ng Deficit Operating Gain a t Jan . Jl , 1956 5,000 , 00 145 ,394.57 58,274.36 13 ,948 .?3 24 ,125.61 121 .068 ,94 �V .. • ' ... ... • • • • ' I ' • ~ •,J .... ) •• • \ • • • • - • , \ . • • • ., : • • C . . ••' • • • . ~ • ' \ '.: .. .. . " • . •• , ., J . . . •• ~ ,. ~ .. • • - ..... ··- • J • , . • ' t" .. • • t .. • • . .• • .. •• •• .. ' \ - • I • • ' • •• ,. • l ' - : ' ...• ) . • • • ~ • ·' -·- • • • • • • - • • " .•. •• t \ • • • .... • • ' • • . • \ • ' • "' • • • , • • .. .. • ... .· ,. c: 1.• ~ • .. .. I • • r. • I • '. • , <• • • • \ • • • , • ... • --· • \ ( I • I �58 CEllJ'TRE COLLEGD OF :8J}TTUCKY • Stat ement of Income & Expense Oper ating Fund January 31, 1956 Educational & General Auxiliary Residence Residence Residence 1nternr ises Halls, Women 1 s Dept . Halls: \liseman Halls~ McReynolds Residence Halls : Brecltinridge Centreville Dining Hall , .1omen 1 s Dept. Dining Hall , Men ' s Dept . Tea Room, llomen I s Dept . Coffee Shop, ~fen ' s Dept . Booksto~e & Postoffice C'thnr ·ron ~ducation.c-il Gifts Gifts -.Alumni• ..ae Fund Student ... ctivi ties Health Service Athletic Dept . Men Scholarships & Grant in Aids Other Income Endo\<J1T1en t 11eal Es tat e Public Relations Office Alumni-ae Office Income 192 ,401 . 60>1~ 146 ,792 .15* 11 . 475 . 00 2 ,280,00 7 ,360 .47 1 ,922 .05 677 . 03 4 ,666 .09 2 ,428 .95 1,555000 5,4o4. 8J J ,J42., 92 76 .57 978. 41 63 . 71 4 . 26 14,333 , 53 39 , 514 .. 23 29 ,020.64 "00 31'690.00 2!010,00 10,426.10 lJ ,498. 02 1,941 .54 Housemothers Fraternity Houoes Central Stores Warehouse '"iseman Annuity 1,590 .00 537 .03 14 ,944 .78 39 ,291 . 45 905 .00 60 , 586 .30 Canital Outl ys Young Science Hall \lomen t e Dept . Heating Plant 516 . 75 1 ,250 .00 74 , 512,66 3 ,051 .10 t:§ig:~g 292,502.13 292 , 502 . 1) *See Schedules attached _.......,1...._5. 217 _90 32 ,272 ,49 7 ,188.67 801 . 84 6 ,588 . 27 ,898 . 87 :8\1s Service Total Income & Total Expense .Bxcess Income over Expense Zx"'Oense • 258 ,553 .40 JJ ,948 . 71 292 ,502..13 �-"i • .. • • • • • \ ' • , ' • • • • • ' • .. • I ' \ • • • , f • t , ,. •• • • • - ' t t ' • • .. • ' • • .. l • • • •• • ., • I • ' • • • • • • I• • ' • - • ·: • ' \ • , ' \. •• • •• • • ' ' •• • .. , ', •• • { • • ~ ., ·- . r ♦ • ' • C ' • '• • \ .. I_., • . ~ •• , • • .. • • , -~ ... ., -· \,, • • : ,,. • ,. • • • • .:.....t , • • \ -- . \ ' • , • --· .. , • , • - • • ·- .- • .' ( ' ' • • • • .,. :) -· -~ .- .. • • .. r • ' •• ••• -- •• •• .. �• J anua.ry Schedule A. Educa tional & General Income Student Fees Tuition & Fee s Other Fees Jl , 19 56 100,511. 81 84J 9 QQ 101,354 .31 Endo\men t Income Unallocated ~1ndowment Ear nings Real 2state Income , Unrest ri cted (Gr oss) Re str icted 11'ndowment 31,539.24 9,494 .lJ 12. 006 .42 58,039.79 Gifts - Church Boar ds Synod of J.y . u.s. Board of Cbruistian Educat ion. U.S.A. 6,480.00 18,2?7.00 24,757. 00 F.ducati onal Rel ated • Vocational Guidance Research Progr am Tot al ~du cational & 250 .00 8,000 , 00 8 ,250 . 00 192 ,401 .60 Gener al Income Schedule B. Educational & Gener al ~xpense Administrction & Gener a l Presidents Office Business Office Treasur er's Office Dean ' s Offi ce Registr ar' s Office Dean of ,..,omen Admissi on & Stu. Pr o. General Expense Boar d of Trust ees Dean of Students Jnstructional ;:E«pense Instruction Library O ation & Maintenance ner Total Instructional Expanse 7,133 .18 5,400 . 62 1,985 . 42 2,880 .94 2,650 .58 1,939.04 8, 285 . 88 5 r279 , 03 875.06 -1,941,.20 • 38,370.95 71,433 . 14 6,540.74 30,44? . 12 108 ,421 .20 146,792.15 �• ,. ., . ,, \. -- I .. • L, • • ' • • ... • \ • • I • I • ~ . I • J .• • .. ~ • ... •• /'' ' . ., ' - • • • .. ... • .J .. ' • ' ' t :!I t . . ... I • - • ., ' ~ .. • • ' • • • (' .. •• • • • • •• l t • • ,,., ..,.. • , • , • • \. I ( _, • • .. • ' • • ' _,I' ' \ • t • ': • • , "'\ ... .. ' ·: • ' i .. . -- .• !- . .. .. • • '• \ .. :\ • -• • • ... L I' • .• • .. • • -~ - ·-~ , .. • .. " j ' f. • •• •• • ·- .. • , "' • •• , - •• .. ·-· C J • \ , • .. • • :, . . . ._ ' ( -· .....• • ' ·" -· ' .. I . ... - I i• .\ . \~ ' .. I .. . ' • ,. . ' -. • • "\ ' ,' , ..., ' .,•.... :, i , • , .. "'I' ~ -~ ~ ). • • • , ' ., .. i .. .. • .. • .. I I • •r ,:, r, ~ • • • .. • • �• C::JNTRE COLLEGE OF ICENTUCKY :Budget Comparison - Operating Fund :Budget 1955-'i6 }TCOMF. EO. A. FLOHR CO. Quota 1 1 Jl/56 Realized 1/31/56 Over (Under) CINCINNATI 2. OHIO 100,511.81 843 ,00 100 ,354.81 -~~~~~~~----+-- 1,539.24 9,646 . 25 7 ,006 .42 8,191.91 l---l-~~~~~~~-----1f--- 426.81 199,SO 626 . 11 31,539 . 24 9 ,494.lJ 12,006,42 58,019.79 . oo (152 .12) .oo ( 152, 12) 6,480 ., 00 18,277.00 ,4 .75?,00 . oo 277,.00 ?,?7.00 250 . 00 250.00 Author or Subtitle: 6,480.00 8, 000.00 LEA~E CHl!CK 4 4.: , ;8:;..;::0:.•...:.0~0. ·d as is O 1---1-S- .- V-1--M--ths-Y-------t-- - ....:...~,. . d Imperfect .1ple sent > on File •1t time bound l:ering: orizontal ertical enes, o ., on , ear: - O _ O 1 -~f--~~~~--,L,A~- - - - t - O O • --+--"~~..,. ~ £ _ _ ~~ ~ . , , c _ - - - - - t ~ 00 8 , 000 , 00 • O ' - - 1 - - - - - - - - - - - --+-- 8 000 00 □ Call Number: • • , 8,000 , 0Q 8,250 , 00 .oo 250.00 . •o for: Cissing issues 1dex Yes No ,J04. 00 --l---------------1-2,105 . 00 ' - - ~ - - - - - - - - - - -,- - - O ---4------------t-- l O not trim ,rlnt □ O O 1,615 . OO Imprint: 6,JJ0.80 3,330 . 00 1-k- -Ae pa_rt_I_n-stru--!c-tio-n-s: . . . ! - - - - - - - - - - - _ _ _ _ ; ,- - l , 55 0 • 00 . 1,340. 00 - - - - - - - -- - - - - - - - - - 95 .oo 472.50 11,475.00 2,280.00 1,555.00 5,404.83 J ,J42 .92 76.57 ~ - - - - - - - - - - - - - - - - - - - - , .476.83 978 ,41 63 .71 4.26 14,333,51 19,514.21 ) ,020.64 29 ,020 .64 5 .000,00 102,820.00, J,690 . 00 2,010.00 9,820 . 00 lJ ,498 . 02 1,232 •...5..2. 59.926.18 3,690.00 2,010 .00 10 ,426.10 lJ ,498.02 l.24J..5~ 6o,sa6.JO 532,984. oo 293 , 8.5J .42 292,502 .13 !t.313, 53 . oo her Income te.l Income ,..,vu .oo .oo 170.00 175 . 00 (60.00) (925 .97) 12.92 (1,473 . 4J) \361 .59) (31 . 29) (468 ,24) .oo .oo .oo .oo .oo 606 .10 .oo 4,02 610.12 {1,151 .29) �• ,. r) - , ·1 I - - - •- • ~~ ' • • • • • I \,. • .. • • \ • • I ~ . • • I • • .. • •• 'I' • ' ' ., . - • ~ • ~ . . • ... • • . .J.... -- • ' ' ..- , ► • ' •• (.. • ,. • • • ... - \ • - .. .. • • •• • •• .. I • • ,., • ... .. .. • • , .. .. • r, • I' •• • • I I -· ., • I ) 't ' ,-. ... • 'I, I• •• . • •• • ' , "\ , •, ' •• ' • • • ~ • -,..... \ - t > t • • • • '.I ~ •• "' • ·- .. , • ..; . • , , -· • ' • ."' t • -·· - I• I • J t• • l. • 1t ' ' f .-•. ' • ,. • , • • • ' ., • ) I . I' • ,. " 1 • • j -. . • - .. ! ..... " f ..i ' ,. t • : . :,i . • '-' ; • ~ • .. . - • .. • • - f • • •r • :, • ··- • • t ... ~- .·"' •• ~ ~ • ... . . • . .'... ' .•. • �60 ' C.JNTRE COLLEGE OF JCENTUCKY Budget Comparison - Operating Fund Budget 1955-56 Quota Realir:ed 1/31/56 1/31/56 204 ,215.00 l, 28S,OO 205,500,00 100 ,085 . 00 643 ,50 100 ,728 ,SO 100,511.81 843 ,oo 100,354.81 426 . 81 199,SO 626,31 102,787.00 Jls5J9,.24 9,646 . 25 17,006.42 58,191.91 Jl,539 . 24 9 ,494 .13 17,006,42 SB,019.79 . oo (152 .12) .oo ( 152 ,12) 16,000.00 18 1 000.00 '3 4,000.0Q 6,480.00 18 , 000 , 00 24 ,480 . 00 6,480 . 00 18,277.00 24 ,757 , 00 . oo 277,00 ?,77.00 1,000.00 11.000.00 12 ,000.00 . oo 8,000 . 00 8,000.00 250 .00 8 ,000 , 0Q 8,250 . 00 250,00 22 ,635 .00 4,360 . 00 3 ,375 .00 11 ,860 . 00 6 ,500 . 00 3,100 . 00 2,412 . 00 190. 00 945 . 00 20 1 soo,oo 75 .877.00 11,304. 00 2,105 . 00 1,615 .00 6,330 . 80 3 ,330 . 00 1 ,550 . 00 1,340 . 00 95 .00 472.50 14,311 , 53 42,476 . 83 11,475 . 00 2,280.00 1,555.00 5 ,4-04.8J J ,J42.92 76.57 978 .41 63 . 71 4.26 14,3]3,51 32,SJ.4.23 tudent Activities ealth Service thletics, Men 1 s Dept. cholarships & Grants thei- Income 34,500.00 18,500.00 J ,690.00 2,010 . 00 9,820 .00 28,500. 00 5.800,00 102,820.00, 29 ,020. 64 . oo J,690 . 00 2,010 . 00 9,820 . 00 13 ,498. 02 1,937 , 52 59 &.976.18 29 ,020 .64 .oo 3 ,690 . 00 2,010 .00 10 ,426.10 lJ , 498.02 1,941.54 60 • 586 ,.JO . oo . oo 606 .10 . oo 4.02 610 .12 otal Income 532,984. oo 293 , 85'3 .42 292 ,502 .13 <1,151 .29) ~ [~!COME i3 tudent Fee s }ener al Fees )ther Fees Hhdowment Jnr estri c ted 61,500.00 ~al Es tate, Unrestricted (Gross) 20,947.00 ~stri cted 20,140.00 tifts- Church Boards >ynod of Ky . U.S. 3d . of Christian Fd. . U.S.A. Over (Under ) If hf4ucatiorutl - ::Related ·ocational Guidance ~search Program . oo 250.00 . µxiliary Enterurises lesidence Hall, ,1omen ' s Dept . lesidence Hall, \Ti seman ~sidence Hall, McReynolds ~sidence Ra]l, Breckinridge entreville >ining &11, lomen's Dept. ( Net) ~ning Hall, ~~n 1 s Dept . (Net} ea Boom, \'Iomen ts Dept . ( Net) of!ee Shop (Net) ookstore & Postoffice 170 . 00 175 . 00 (60.00) (925 .97) 12.92 (1,473 . 43) ,361 .59) (31 . 29) (468 ,24 ) .oo (z ,962.60) ther Non-&iucational Incom~ ifts l11mni-ae Fund , 00 .oo �• •f •• ., t • ' t •• •• I • • .,.'•• r - . , • • ,I ... .. •• I '• • • • • '. I' • • I . • I .. • \ • • • •• • ... • • I • • t • • • ·- ' r -· •• l .. • I , • .. , ~ • • • -· .. ., • ' . l ' • • • • • .. • • • \ • ,. ... • • . .. • ... • • r' 1 • • I .. _ ' _,,. . r . • • f • • .. -·- .. • • . •• • . • ' • •• ... . . . • 1 • • • • •• ,. I .~ ... ' I •• .. • • •• • .. ... . • f .. • • .. • .. ..... .. .. • • • I • .. ' ' • r • ' .. , ' .. • J • . ..J..- .. - • t -~...... I i. ' ,. • I I • • .. .. : • I f . ' • • ' . '. • • ' .. •f : - • • •t . • • • • • • , .. ', .·\ \ - t • • • .. •• • • , .. - .. • "l • ... . • .. • •. .. • l • \ ,, .. . •• J r • .• t • ' ·, . • ... ) • - .. i • • • .• . ... • & ' • • • ..• • • .• • • • • ., ... : f • • . .. • - l ., .... • ' I • • .. .. •• • ,• . • .. • ('\ t .. . .... -· .. •• " ,.. , • • , •• • •• • .., .. • , ..•.. • . • • .... : • • • \' •• .. • l • • •• • , I • l '' \ t • • • .. • • t .. '• • ... ...... • \ •• • • • • • ." • • • ; • • .. ... .... • . • - • • ..... ... - • • • • • • • , ..• .. .. I ... ' i • • ~, ~ • t T • \ • l ., 1' • • ' • • '· �• 61 • CEiiTRE COLLEGE OF T(EiiTUCKY Budget Com~arison - Oper ating Fund Budget EXP:NDITUR.rn A d.ministration & Gen er al ' President ' s Cffice Bus iness Cffice Treasurer' s Office D I s Office ean Registr ar Dean of Students Dean of ,romen I s Office Ad.missions & Stu . Pro . Gener al Expense Boar d of Tr ustee s I nst r uctional Instructional Expense Lebr ary O ation & Maintenance per Endowment Real Estate Auxiliar y Enternr ise~ Residence Halls , Women ' s Dept . Residence Hall , ,vi seman Residence Hall , McReynolds Re sidence HaJl , Br eckinridge Centreville Bookstor e & Pos t office Other Non- FJCiucational Expense Publ ic .Reletions Office Al11mni Cf fice Student Activities Heal t h Serv i c-e Athletic Dept . Schol a r ships & G ants r Bue Serv ice Housemother s , Fr at . Houses Centr al Sto r es ,1ar ehouse Wis eman Annuity Capital Ou tlayR Young , Science Hall Women ' s Dept. Heating Plant Total Expense 3udget Deficit fo r 1955- 56 : ·- Budget Deficit at Je.n . Jl , 1956 : Q.uo t a 1955- 56 1/31/56 16 . 091 . 50 12 ,195 . OO .5,710 . 00 5 ,520 000 6, 125 . 00 4 ,275 . OO 4,602 .50 15 , 4.55 .oo 13 ,735 . 00 100. 00 8; ,809 ,00 6 ,704. 79 5 .O81 .2.s 2 ,379 . 16 2,.300. 00 2 ,552 . 08 1, 781 , 25 1 ,917 . 70 6,439 .58 5 ,222 .91 41 . 65 34 ,420 .11 Expended 1/31/56 - (Over ) Under 7,lJJ .18 5 ,400 . 62 1,985 . 42 2, 880 . 94 2, 650.58 1 ,941 .20 1 ,9:9 . 04 8,285 .88 5 ,279 . 03 875 .06 38 ,370 .95 (428 ,39) (319 .37) 393 . 74 (580 . 94) (98.50) (159. 95) (21 .34) ( 1 ,846oJO) (56 012) ( 833 , 41) (3 ,950 ,58) 178 ,936 . 94 14,945 .oo 67 ,611.90 1O 1918, OO 272 ,411 . 84 71 ,557 . 25 6,810 .41 28 ,729 .95 5,708 .77 112 ,806 . 18 71 ,4JJ .14 6,540.74 JO ,447 .32 7,188,67 115 ,609 ,87 124, 11 269067 (l ,717oJ7) (1 ,479 . 90) (2 ,803 ., 49) 13 ,695 . 00 2,764. 00 1,970 . 00 8,739 . 00 6,500 . 00 19 ,475.00 53 ,14'3.OO 6,832 . 67 1 ,723 .70 592 . 03 4 , 253 .50 2 ,7O8 .JJ 15 ,217 ,20 31 ,128 ,11, 7 ,'360 .47 1,922 .05 677,o~ 4 ,666 . 09 2,428 . 95 15 ,217 .90 32 ,272.49 (527080) (198.35) ( 85 oOO) (412 .59) 279 .38 2,920 . 00 15,455 .oo 3 ,690 . 00 2 ,010 . 00 16,047 . 00 76,000 . 00 1, 216 .60 6 ,43() .58 1, 490 .00 587 .50 12 ,724.87 39 , 291 .45 1,1'3'3 .J; 801 .84 6 ,588 . 27 1 ,590 . 00 537 .03 1,800. 00 1, 235 . 00 2,500. 00 124,677. 00 514.58 1 ,250. 00 65 ,552 ,91 14 ,944 .78 39 ,291 .45 898 .87 905 . 00 .516 . 75 1 ,250 ,00 67 ,121.99 J , O51 . 1O 1 .,925 , 00, 4,976. 10 J ,O51 . 1O l ,9?,5 ,OO 4,9?6 , 10 3 ,051.10 1 .925 . OO 4 ,976 .10 539 ,016 .94 (6 ,012 . 94) 532 ,984 .oo 249 , OBJ . 89 ,oo {944.36) 414. 76 (148.690 (100 , 00) 50 . 47 (2 .219 ,91) 258 ,553 . 40 3 , 020 . 00 905 . 00 .oo 234. 46 .oo (2 . 17) .oo (1 , 221 . 08) .oo ,00 ,OQ • (10,821 .80) 0 �• • I • .. • \ • ( '. • ' ' - • - • . •. • • • ..I. • I . ,I 1 • • .' • • .. • • -' • .. - • .• • '\ • I • ....... '. - I • ' • • • ' • , • \ • I •• }♦ •· • '' (. . '• I • • '.- \ • -.• -· • • • • .' •. ' • •• ,, • . l ' '' ' '• • •• . • ' • • --· • - • . .. .. • .r l • - • • • .. I . • • • . .. • - •• • • • - ' • • .' • • .. •• \ • • \ • .. I • . .. • •• , • • \ • •• C. !.- .. -, . ... .. \ ., .• • .. • .•• • •• . ... • ' • ' ' '. • \. • - • •• • • • .. .' ; f • • • , • • ' .. • • • • • .. • • • .• , ' • . • .. • • • • • •• ,. , ... l " • . .. • .. • ) f • • \ , • . • • t • , • I I " • • • - ... • • . ,.. • •• • .. • ...• • •• . •• ... •.. j .. • • .. ' .... • • l •.-, • ,\ .• • i ,. • • • • • I • • •• • . .. • .. , \.' • •• r . .,. \. • . • • • I .. • "\ ·- • • • .- • ' • I • • • \ • • .J . .. ·. r • • t , • .. • • • ' I . • • 1. •• ••• \ • • • • ... • • • . .. • : • • • •• • .. , •• • • • • ' • .. - .. . • • • ..... .. • • • • •• • • • • • h • • • .. .. • • .. ....' • ' , . . ., .' • • • • • • • . .. \ • I '• ' • . • • • ... • • ...... ' • • • .. • • • • • • . • ' • • \ \ • : • •• ... • • • • ' • • • • • • .. l ' .. • '• \ • ' • I • ; • \ • 1 • • .) '.. • •• f • • • I ••• ... I • • • .. • • •.' • I • J �CP.NTRE COLLEGE OF frEll TUCKY • &lance Sheet St~tement - Oper ating Fund Janua ry 31 , 1956 ASS.:-1TS Current FU.nd s A. General Fund Cash in Bank Pett y Cash Fund 62 , 694.65 1 .000.00 lio tes .decei vable Due from other funds : Fr om Evans,-Sumrall Sch . Fund From Farris .Fund General Scholarshi u :Fund - 160 .50 10, 175 . 06 260 .00 10 ,595 .56 ~efe r red Expense Inv en tori es Prepa.i~ Insurance ;rot~l Asse ts Jl8 . 62 16 ,131.24 29 ,917 , 22 121 ,068 ,94 LIABILITIES - Curr ent Funds A. General fund Accounts Payable Accrued Salaries & iages Feder al T xes Withhel d Social Security Taxes ~/i thheld Hospitalization Insurance Salary Savings Yithhel d State Taxes :Ii thheld ther funds : Due to Bui lding fund Due to Prize Fund Due to DICE House Fund 2,653 .30 14,502.28 4 ,146.97 752 .so 18J .72 126 . 88 310,62 22 , 676. 27 Due Prepaid charges : Student Fees, 2nd Semester Bonrd, Men ' s Dining Hall Board, ·!omen 's Dining &11 67 .19 J ,25J . 47 171 .60 J ,492.26 95 ,797 .97 7,147 . 87 8 , 2L~S , 00 111 ,190.84 .Reserves: Athl etic Department Research Progr m Gifts fo r Sesignated Pur poses 2J2 .63 190. 28 2,412 ,22 3 ,035 .20 Li chter Foundati on - Sudent Loan F.und Surnlus & Deficit Account Accumulated Oner a ti ng Deficit O perating Gain a t Jan . Jl , 1956 5,000 . 00 145 ,394 .57 58,274 .36 11 ,948 . ?3 24 .12s . 61 121.068 ,91± �• .."' ., .... .a ...•\ • ; I ( , I , •• • f I , • • • • • • • .. •• • • • .• .. ' • . • , • . .• ,..,. ~ .. , • • • • - • ••• • • ~ • • .. • \l -- . • ' .. • • .. ' .: ' ')' • . • . ... . :- , (. • • r (..,. • .. r. ... • • ·- • •• f'\ ' . • • ..... • • •· ' .. • . • • .. • ( .. : ' ..... .. • ' • •t • .' , • ,·. .. ,. : • • •• , • • .. . ·-• . .. • . • .. ".. • r •• • • ' \ .. ; •• . .. t • • . • ' • • .. , -• .• .. ... . \ . - • ' > •• t • • • • • I.. • • • •; • ' ~~ - ,, • �63 CEl~TRE COLLEGD OF Imi,TTUCKY Statement of Income & Expense Oper a t ing Fund Jan11a r y 31 , 1956 Ed.ucaticnRl & General Auxiliary Dnter ~r ises Residence Hal.ls, lfo1nen ' s Dept . .heside!lce Halls: \lliseman Residence Halls: ifcReynolds Residence Halls : Breckinridge Centreville Dining Hall, '/omen • ~ Dept . Dining Hall , Men 1 s Dept . Tea Room, ~/omen I s Dept . Coffee Shop, ~Ien ' s Dept t Bookstore & Postoffice Income lJxoense 192 ,401 , 60* 146 ,792.15* 11 ,475 . 00 2,280=>00 1,555000 5 ,40~-. 83 7,360 .47 1.922.05 677 . 03 4 ,666 .09 2,428 .95 3,J42o92 76.57 978. 41 63 . 71 4 . 26 14 ,313 . 53 39 , 514.23 --=-15......_. 217 .90 32 ,272,42 Oth0.r :Ton -~ducat ion.c-il Gifts Gifts -.Alumni, .ae Fund 29 ,020 . 64 Student Act ivities Health Service Athletic Dept. Men Scholarships & Grant in Aids Other Income Endot•IDlent l1eal Estat e Public Re lations Office Alu.mni-ae Office 311690000 2!010,00 10,426 .10 13 ,498002 1 ,941 .54 nOO B11s Service Housemothers Fraternity Houoes Central Stores Warehouse Wiseman Annuity 60,586 .JO 1 ,590 . 00 537 .03 14 ,944~78 39 ,291 .45 7, 188.67 801 . 84 6,588.27 ,898. 87 905 .00 516 . 75 1,250 .00 74 . 512.66 Canital Outlnys Young Science Hall \lomen ' ~ Dept .. Heating Plant Total Income & Total Expense B.xcess Income over Expense 3 , 051 .10 l 1 92g 1 00 4 ,97 .10 292,502 . lJ 292,502 . 13 *See Schedules attached 258 ,553 .40 JJ •21 , 71 "'8 292 , 502.13 - �.. - •, . IJ • •• •• • • - • •• • • , ... • • "' .• • ~ • • \ • ' . ' ' 1 "\ ; ' • • • .. \ ~ •• • 1 • • •"' • • • - ,. • ' • • ' • • • < ' \ , • • ' .,. • • .. ,• .. ... ,. • .. • ' • .... ' I '!. • • • • ~ • \ ,\ , \ ..... ' .• ~ \ • • • • •, " • ' .:, l • .. ' - ( ~ • ' "- \ • , \ • ' f ' • • -.r I ,, ... -- • • "' •. • - -· . . •. .. '• .! • , . • , , r • • '.. ••• -·, . ~ - 4 ,. - ' • • ,. • ' - ;• • • ' • \ • • • • • ( . , �• .. Jan\h~ry 31 , 1956 Schedule A. iducational & Gene r al Income Student Fees '.rui tion & Fees Other Fees 100 ,511 . 81 843 . 00 Endo\ffllen t Income Unallocated ~ndowment Ear nings Real Estate Ircome , Unrest ri cted (Gross) Restr icted L'ndowment 31 ,539 . 24 9 ,494 . lJ 17 ,006042 Gifts - Cl1u.rch :Boar ds Synod of ...y . U. S . :Board of Chruistian Education , U. S.A. 6 ,480 .00 18 , 277. 00 24 ,757 .00 FduL~t i onal Rel ated Vo .:_tional Gt1idance Research Program 250 .00 8 ,000 , 00 8 , 250 . 00 Total J ducational & Gener al Income Scht=>flule B. Edu~ational & Gener al ~xpense Administrrtion & General Presidents Office ::Buziness Office Treasurer' s Office Dean ' n Office Regist r a r' s Office Dean of \vomen Admission & Stu. Pr o . Gener al Ext>ense - ees 1oar d of '.Prust Dean of Students Instructional _ ExpP,nse Instruction Library Oneration & ~~intenance Total Instructional Expan e 19? ,401 ,60 7 ,lJJ . 18 5 ,400 . 62 1 ,985 . 42 2,880 .94 2 ,650 .58 1 ,939 .04 8 , 285 . 88 5 ,279 ,0J 8?5.06 1,941,20 J8 ,370 .95 71 ,4JJ . 14 6 ,540 . 74 J0 ,447 .12 108 ,4?,l ,?.O 146 ,792 .15 �• .. .. • f . ". I • \ • t • • • .• I ,, \ • • t > • , ;, ! . ~ • • • ... \ I ~ ' • • ' .. • • • • • • • • ' 1,.. - • • • ·= . ' • ... \ • • I• f• • - �February 27, 1956 Memorandum - Re Faculty Salaries "A comparison of Faculty Salaries at Centre College of Kentucky" . 1954-1955 1955-1956 1956-1957 4800 . 00 3200 . 00 3612 .50 3400 . 00 5100 . 00 4Soo . oo 4958 . 00 5000. 00 5600 . 00 4600. 00 5100 . 00 5100 . 00 6000 . 00 5000 . 00 5608. 00 5400 . 00 3200 . 00 2800 . 00 29'(0 . 00 3000. 00 4800 . 00 4300 . 00 4450 . 00 4400 . 00 5300.00 4400 . 00 4633 . 33 1~600 . oo 5600 . 00 4700 . 00 4783.00 5000 . 00 PI~OFESSORS t-1aximum Min1n1~un Ave1'age ~1ean ASSOCIATE PROFESSORS Me.;-cimwn Minimum Averc'..ge f.1ear1 ti 7 }c:J tJ tJ .t\SSI ST.AflT PROFESSORS t1aximum ! nimum 1 • Average l...fean II!STRUCTORS t,lax..i.muro l•1i11imtun Ave1·age t-1ean • 3000 . 00 2200 . 00 2646 . oo 2700 . 00 3800 . 00 3300 . 00 3557 .. 10 3600 . 00 2400 . 00 1800 . 00 2100 . 00 2100 . 00 3400. 00 2·700 . 00 3J_28. 00 3100. 00 4600 . 00 3500 . 00 3~·, o. 00 3800 . 00 \ 4900 . 00 36oo. oo J+ 327 . 27 4300.00 3500. 00 ~000 . 00 3€50 . 00 3100. 00 3800 . 00 3200 . 00 3550 . 00 3600 . 00 Faculty sr..la1.-ies approved by the Executive Committe_e, Febr1.1ary 24, 1956, rep1-esent ru1 j_ncreased outlay for facuJ. ty of $11 ,440 .54. Increases ap:)ro,·ed for r.icmbers of tl1e adm.inist1·ation mean an increased outlay of !pJ.962 . 50 . The total difference in salaries voted is tl1tts $14,403 . 04, wh ic rattst be raised ei tl1er tl1rougl1 endo,roien"~ income 01· student !'ees in ,,,, 195:>-57- �• ' • ' • • • • • • r- • \. • '. . • . ... -· \ - • • • .' - ., ., • ' .. ~ . - - .. ., •r • • \ • • • , ' .., r • • ' ) • ~- ' r ~ ~ • • • .. • • • ..l .. • r . •• t • • • • "\ • • • •• • .. ~ .• . .. • • . ' • . I ,. .. ' • • l • \ • �ALIEN, MISS HULDA MARY Miss Allen is a native of Bolrling Green, Kentucky. She graduated from western State College ,rith the A.B. degree in 1937 , and tau~ht higl1 s ~l1ool fo1· eigl1t :fears follo,;,ring her graduation, five of them i11 tl1e Jen.kins Junicr Hic;h School and three of tl1em in tl1e Sen ior I-Iigh Sc1--ooJ. at Raceland, Kentucky. In 1945 she enrolled i n the Cc llege of the Bible, I.exington, Kentucky, and vras a candidate for tr.e Master uf Religiotls Edttc~tion degree . Sl1e has completed all <. 1.' tlie cc urse requireme11ts for the degree, though she still has her· tl1esis t o cornplete before tl1e degree can be granted . Dttring the time tl1at sJ1e studied at tl1e Coll ege of t l1e Bible, sl1e acted 011 a part-time basis for one yeai.. ru1d a half as Director of Religious Education in the Douglas Boulevard Christ1an Church in J..,ouisville, Kentucky. Another year there she vras ftlll -tirne Director ~ Religious Educat~on . In 1948 she retur11ed to Bowling Green where for the next six yea.rs s}1e ,ras Director of Cl1ri stian Education for tl1e Bo,1li11g Gx·een Cl1ristian Cht.rrch . Jan...lary 1, 1955 she moved to DG.11\tilJ.e as Director of Religiotts Edttcatio11 01· tl1e First Christian Church of Danville, Kentucky . Her employment has been approved by the Reverend Jrunes Lollis, pasto1· of t11e cr1urch, but has )ret to be approved by tl1e Boar·d of Elders of tl1e cl1urch . It is expected the,t this approval vrill be granted to Miss Allen e.t a meeting of the Board on Sat,trrday, Jrnuary 21 . �\ ... • .. ,.. ., • .. .. l • , -. I • r• I • • • • ( .. • • •• I • . r' .. • • • '• I i • • .. • \ ' • I \ •• •• • • . • •• • • • .... .. .. • • I :. .r.,' r .I ... • I •f .... • • •• ' • ... ' , .. . (·-, ,. •,.. ~ .. . . I • • .• • • \ " • . ... • ' •• l • I : ,. ' • I :.. ••• .... • • ' .. •• ' • I • • \. ··' •. •• \ ' ' .·' ., ' • • ·-· .. f :.r ... ••• .. • • • • I ... .. • ..' .. .. 1 ., • ' • • .. .. ., ' .. r .1 • ... .- . • ' .. ... ... • _,_. I • r I• • •• ' • .:. 't' • • •• ... .I. ' .. • •• • ... . ...... . • • . C• ,· ... J ... ... \ •• • •• .. .,.,. 1 ' • • I • . ,-'' . .' . .. I • \ I I • l \ ... .. • .. r.. • • .. . • • ., •• v •• ... •• I" .. •t .. .. ' .• r'1 .... ·.1 .... .. • 1• . . ,., • . . • •... : • • I ..' ' ·- ... .. •• . .. • I• • • •• ,. , ,. • I \ •• •• ' • • • I t .' ' r ... • ' j .. ,. • r. .. •, - .. • .. '.• • j • • • • • • ,. • • . .. - ) ••• . ,. • - .. • . .. - • • .. ..,' .. '· .J. I, \ . . . .•. ... , I • !\-' , •• • • , L;, • I I .... ' • ,. • • I - • L• •• l • • • I . ' •' •• \ ..... • • I •• • -. .• J • •• ' .. . I ., • J • ,, • • • • . .• . r • • .. .. .r .. J -• • ,.,. .. • ' .. ' . A .,• •• .' ' '• ' • I - .• .•\. ..• .' .,.. • • I • .. I • •• ' • f i •' l , r .. .".. • • \ 1• I ·- •• ••• • J • • ': •• • I ... • : .. • .. ·- • r. .. •. r •• • • ,. • • - •• ··-• • .... ·.. ' �~ .~ ., LIVING EIIDO}ll©lT .. ~ " To ~c . 31 .1952 - I To D . 31, 1953 ec To Dec . 31,1954 l I • ' $ 7,178. 00 2 ,475. 00 5,530. 00 10 , 325 . 00 15, 000 . 00 I I Presbyterian Churches U. S. A. '• .. 2 , 926 . 68 2 , 060 . 87 Presbyterian Board_ U. S. A. Sync.ds of Ky. U. S .t 2 , 570 .64 1 , 000 . 00 1,200 . 00 6 , 637. 31 6, 662 . 06 18, 000 . 00 6, 48o .oo 16 , , 00 •.00 0 ' ' I I Schclarships 4,100 . 00 ICTCF 7 , 649 . 50 6, 300 . 00 ·-! 2 ,139 .76 10 , 795 . 00 ' 2 , 466 . 37 I ~ J · 1 (unrestricted) I I Btrlgeted· f or 1955-12_ 56 • Indi viduaJ..s I To Dec . 31,1955 ~ - ~- TOTAL 5, 000 . 00 --25 , 962 . 44 - I • - 5, 000 . 00 -- 31,299. 68 I 10 , 602 . 00 • - ..:> - - - --·• • '-- - ---- t -- 14,075 . 19 12 , 500 .00 9,000 . 00 12:500 . 00 -- 30, 260 . !~, 3 43 , 650 . 83 - ·- • I r-- 81, 000 . 00 . .- �.. �• MINUTES Executive Committee Meeting Board of Trustees March 16, 1956 68 The meeting was caJ.led to order by the acting chairman, Mr. Fred vlachs . Prayer was offered by President Groves. Present were Messrs. wgan Caldwell, Lively, Wachs, Van Winkle, Lanier, and President Groves . The minutes of the meeting of February 24, 1956, were approved as mimeographed and circulated. A report was made of the special committees appointed by the chairman, Mr. Ianier, according to resolutions of the meeting of February 24, 1956, as follows: a. Special commlttee to meet ,nth Synod's Coromlttees on Higher Education with reference to the suggested Study of Centre College of Kentucky, Mr. Fred Wachs, Chairman, Mr. Don Campbell, and Mr, Pierce Lively. b. Special committee to study plans for a student union building, Mr. Norris Armstrong, Chairman, Mr. Hugh Nevin, and Mr. Lisle Baker, Jr. Mr. Arnicar present ed the Business Manager's Report {See copy attached) . On motion it was voted to receive and file the report . recommendation of the business manager, Mr. Arnicar, it was voted that $3,354. 85 be charged against the account "G ain on Sale of Securities of the General Scholarship Fund" so that the General Scholarship Fund be set up on the aooks in its sixteen named scholarships in their original amounts . On It was f\lrther voted on the recommendation of Mr. Arnicar, the business manager, that the Prize Fund Endowment be adjusted by transferring $1,014 to the account "Gain on Sale of Prize Fund Securities" until such time as evidence is discovered that this amount, $1,014, belongs in any one certain account. A pre-payment plan to .,ermit and encourage parents to provide in advance for the education of their sons and daughters at Centre College of Kentucky was presented by the business manager, Mr. Arnicar, (see copy attacl1ed) . On motion it was voted to adopt this plan and put it into effect . It was voted to purchase a Robotyper machine as previously included in the budget of the College at a net cost of $984.60, this machine to be used in the registrar's and admissions office. The following resolutions re funds of the College were voted . borrowing funds for the operational - �• I • • • �-2- -- "That the '8Usinesz mnage r be authorized to borr ow from the Citizens ~ational Bank, Danville, K entucky, for operating purposes up to the sum of $23,500.00; and that this authorization is to e xpire on September 1st, 1956" "That t he business manager be authorized to borrovr from the Farmers National Bank, Danville , K entucky , for operating pur·Joscs, up to tl1e sum of $40,000.00; and that this atlthori zation is to expire on September 1st, 1956. 11 President Groves reported tnfo!1µng the Plannine Committee of the Synod of Kentucky of the Presbyterian Church U.S,A. f or a Capital Funds Campaign for Higher Education in Kentucky that the c~pital needs of Centre College are as follows: (1) $100,000 to complete the third floors of our two men's dormitories; namely, Wiseman and McRcynolds, and also for further renovation of Caldlrell Hall, tl1e lromcn' s dormitory. (2) An estimated need of at least $500,000 for a student uniondining hall building on the men ' s campus. President Groves reported on the gift by way of Mr. J. J. Steiger of Mr. John Horky of H orky and Nicholsen to haul and spread t he stone necessary f or the parking l ot planned behind the art and music building and also the pledge of Mr . William P. Caldwell to have either the Caldwell Stone Company or hiraself give the stone required for t his parking lot without charge t o the College . It was voted that the secretary of the Board send appropriate letters of thanks t o Mi~. Horky and the Caldwell Sto11e Company and Mr . 1.filliam P. Caldwell. It was moved and carried that Mr. Steiger be authorized to purcl1ase the sl1rubbery from Hillenmeyer ' s Nurser·ics totaling $383, according to their estimate and tl1at . e be autl1ori zed to plant this shrubbery around h the new Weisiger Art & Music Building in accordance with the recommendation of lvir . Hillenmeyer . It was voted that the business manager be authorized t o spend up to $200 for some of the smallc1' 1 terns needed to complete the equipment for the Weisiger Art & Music Building, such as waste baskets , ash cans, towel dispensers, l1angers for the cloak r oom, mo,;rable blackboard, check tabs for cloak room, asr1 trays for the lobby, etc . , this equipment to be purchased in time for the dedication ceremonies on .April 28 . report was made of estimates obtained from Mr . J ohn Horky of H orky and Nicholsen of $1,175 for constructir1g the ncce ssary curbing of tl1e road from Lexington Street to the women I s gymnasium lying between the new art and music building and the west side of the women's campus,and an additional estimate of $1,130 for the blacktop, 22 feet in width and 545 feet in length, total estimates amounting to $2,305 . A The report of the Trustees Committee on Honorary Degrees was read and it ",as voted that the following be recommended to the full Board to receive honorary degrees at the June commencement i11 1956. �' } �-3- ..For the honorary degree of Doctor of Laws, Mr. Charles L. Horn , For t'·1e honorary degree of Doctor of Letters, Mr. Arthur Krock . For the honorary Doctor of Divinity degree, the Reverend A. B. Gros s of Greenville, Kentucky and the Reverend Malcolm c. Maciver of Richmond, Virginia. For the honorary degree of Doctor of Humane Letters, Mr. Robert G. Haney of Anchorage, Kentucky . For the honorary degree of Doctor of Science, Dr . Daniel of Lancaster, Kentucky. c. Elkin It was further voted to reconnnend to t he Committee that the attempt be made t o limit the number proposed for honorary degrees to no more than four . Adj ournment. F. Pierce Lively Secretary - ��• Balance Shee t St atement - Oper ating Fund Februar y 29 , 1956 ASSETS Current funds A. Gene r al Funds Cash in bank Petty Cash Fund 41,278 .92 1.100.00 42 ,378 . 92 Notes Receivable Accounts Receivable 387 .65 29 ,114.52 Due f r om other funds : From Dvans-Sumr all Sch. fund Fr om Farris Fund Gener al Scholarship Fund 160 . 50 11 ,764. 06 260 . 00 12 ,184. 56 Deferred Expense Inventories Pr epaid Insur ance '.11otal Assets 405 .44 15 ,973012 ,a ,221 .s~ l?.9 ,165 , 71 LIABILITIES Current Funds A. Gener al Fund Accounts Payable Accrued Salaries & ·./ages Federal Taxes , 1li thheld Social Security Truces \'Ii thheld Hospital:zation Insurance Salary Savings \/i thheld State Taxes withheld Due other Due to Due tc Due to 3 , 276 . 18 14)586 .91 4 .. 216 .17 772 . 99 235 .67 14-0 . 88 469 , 78 w funds : Building Fund Prize Fund DKE House Fund 62 .19 3,253.47 171.60 J ,487 . 26 Prepaid Char ges : Board , l•len I s Dining Hall Board, !omen ' s Dining flall 20 ,679 . 00 21 ,104.40 43 , 78J .40 Reser ves : Athletic Department Research Program Gifto for Designated Purposes 247 . 78 Jl)0 . 28 4,312 . 29 4 ,950 .35 Lichter Foundation - Student Loan Fund Surplus - Deficit Account : Accumulated Operating Deficit Operating Gain at Feb . 29 ,1956 58 ,274 .J6 106 ,520 , 50 5,000 .0Q 80 ,919 .59 48 ,246 .14 1~9 ,165 . 71 - �• \ . ' \ I \ • • ' • ' ... • • • ' \ \ ·- \ , • ., . • . .. • r" • ~ • • • •• • r ... - C • I • • • - • l • .' .. • • '. • - ,..• .. ., • • • • • ; ' l • • (, ~ • '- •1 ' .. • . •• -~ .. •I ( • - • ,, • • ~' ... r ~ • • • • • \ ~ • • \ • • • • ., • • • • • r • • • • ~- ,. , • • .. # • • l �CENT:aE COLLEGB OF 1~1'TTUCKY - Statement of Income & Expense Oper ating ]\ind Educa t ional & Gene r al Au,-iliar ~ Enterprises RP.sidence Halls , ''omen ' s Dept . Residence Halls ; 1/iseman Residence 1-Ialls ; t1cReynolds Residence Halls ; Br eckinr idge Centreville Dining Hall , ~I omen t s Dept . Dining Hall , Ments Dept . Tea Room , 1lomen f s Dept . Coffee Sh0p , Men=s Dept . Bookstore & Pcstoffice Other Non-Education~l Gifts Student Activities Health Service Athletic Dept ., Men Scholarships & Grants in Aid Other Income Endowment Real Estate Public Relations Office Alumni--ae Office Bus Service Housemo t}1ers, Fraternity Rous es ~entral Stores ·arehouse 1'liseman Annuity Income* 110 , 261 . 21 125 ,633 . 16 22 ,321 . 00 4,395 . 00 J ,255 . 00 10 ,294 . 83 4,023 .92 305 .59 1,366 .17 79 . 89 125 . 08 20 ,407 , 48 66 , 573t96 8 ,735 .77 991 .81 419 .72 6 ,765 .96 3 ,158 .06 30 ,861 .81 J ,690 .00 2,010 . 00 10 ,681 .60 13 ,498 . 02 2,305 . 94 6J .047,JZ Capital Cu tlay~ Young Science Hall lfomen • s Dept ., Heating Plant Total Income - Total Expense Excess Income over D.xpense 18 ,405 ,27 18 ,476 . 59 J ,490.00 994 .. 98 16j201.J67 72 ,694 .. 95 8~176 . 87 1 ,428 . 53 7, 408 . 80 l , 078eJ8 870,.00 684.71 1, 250.00 114,278.89 J,051/tlO 1 ,925,00 4 ,976:10 439,885.24 439 ,88S . 24 * Spe Schedules Attached Ert> ens e* JJJ ,J64 . 74 106 , 520 , 50 419 ,885.,4 �....,_ . .• • -· •• • .. .. • • I • • . '. • • • • •• I • • • • • • f - • • • • • - • ', ' I . • t" • • • •.... ' • • .. • •• .. .. • • ' .• r •. -· r• • • .,:. - l • • ' .. • , • • ' • • f • ., ,. .. .. .. • • • 1 • 'I.. •• ' ,. • • • • • l • • • \ • • . • • , ' • " ' • ' ... ... "I. ., .. • \ • I • f .. .. I 'I.. • • \ - •• ' • • • •• • r ' • ' ' • • .• • l • • • :. ... • • ) • • i J .. • • • •• . ' • .. .I • • I • • •• ) .. l ' .. ·- , , .. ' ·- - • t- .. • •' • , ... .. • • ' • .. �February 29 1 1956 - Schedul e A ~duca ti onal & Gener al I nco me St uden t Fee s Tuit ion & Fee s Ot}1er Fee s 200 ,875 . 96 1 ,446 .00 202 ,321 .96 Endowment I ncome Unalloc~ t ed ~ndow ment J arni ngs (Gr oss) Real ?s t a t e I ncome , Unr estrict ed Res tr ir t ed Endo\>nnent 35 ,531.90 15 ,968 .71 19 ,539 56 I 71 , 040 .17 Gift s- Chur ch Boar ds Synod of I(y U. S • Bd . of Chr ist i an Ed ,. U. S.A. 9 ;720 . 00 18 ,277. 00 27 .. 997)00 ~ ucationa l Relat ed Voc~ t ional Guida nce l{esear ch Pr ogr am 904. 78 8 ,000 .00 8 ,904 ,_w 310 ,263 ,91 To t al Bducati onal & Ge ner a l Inco me scr.r~ nr·1.u B ~rluca t ionRl & Gener a l Expense Administr a t ion & Gene r a l Pr esident ' s Offic e B1.1.sinesn Office Trea sur er'n Offi ce Dea n : s Offi ce Regist~ar=s Offi ce Dean of Students Dean of \·/omen Ad.mission & St u . Pro . Gener al Expen se Boar d of Trus t ee s I ns truc t ional Expense Inst r uc t i on Li br ar y Oper ation & Maintenance Total Inst r uctional Expens e 8 ,324. 06 6 , 34J .82 2,236 . 07 J ,5Jl .46 J , 116G95 2,241 . 20 2:)306 .96 9 .876 .,36 • 6 1 140 .l~5 - 87S . o6 44,992 .39 86 , OJ2 .15 7, 798 .93 16 ,809 .69 l':0 ,64-0 .77 175 ,613 . 16 �• • • • J •• l.• • • .. : : -· \ \ -· ' • •J • ' .. • . -. . .' . , \ • i • ' ' I I • ,. ,. ' .. ,· ,. • I • ~ ' • • I ,. • ' ( '•• • '- ' • .. • • • • L .. • ~- .. ' , ..'. , .. .. .. . \ • ' i .. • , .. : • • • . • . .•· , . I (' i - • • .... • • • ' • .J • r • .. • -· - .. . • . ' -:- \ • ♦ ·- ..• . • - • .- . . . • • • • I . • • • • ._ ... • ~ • I • • • • • I 4 ,. .. • .. • f •• • .. •• ' ........ • �l3alance Sheet Statement - Operating Jfu.nd February ASSETS Current funds A. Gene ral Funds Cash in bank Petty Cash Fund 29, 1956 41,278.92 1,100.00 42,378.92 Notes Receivable Accounts Receivable '387 .65 29,114.52 Due f r om other funds: From Evans-Sumr all Sch. Fund From Farris Fund General Scholarship Fund 160.50 11.764.06 260.0Q 12,184.56 Deferred :Ebcpense Inventories Prepaid Insurance Total Ass et s 405.44 15,973.12 28,721.sz 129,165.71 LIABI LI TI ES Current Funds A. Gener al Fund Accounts Payable Accrued Salaries & 1 lages Feder al Taxes , \li thheld Social Security Taxes Withheld Hospitalization Insurance Salary Savings \Ii thheld State Taxes withheld Due other funds: Due to Building 3 ,276.18 14,.586.91 4,216 .17 772.99 235 .67 14o.88 469,78 Fund 62 .19 3.253.47 121.60 Due to Prize Fund Due to DKE House .F\m.d Prepaid Charges: Board , l·1en I s Dining Hall :Board, \•/omen I s Dining Hall 20,679.00 21.104.40 43 . 783 .40 Reserves : Athletic Department Research Program Gifto for Designated Purposes 247.78 390.28 4,312.29 4,950.35 Lichter Foundation - Student Loan Fund Surplus - Defi ci t Account: Accumulated Operating Deficit Operating Gain at Feb.29,1956 58,274.J6 106,s20.so 5,000.00 80,919.59 48.246,14 122.165.73 �I " • . I •' .. .. .. . .. \ •• ... M .. •• ' l -.. • I . • .. • • • .. . • '- \ I • I I .. .. • ' • \ .\ .. •• -.. • \ \_ • '\ .. • • ~ - .. • .} ,; • • - '. • ~ ., • • . •• t .. .. ,. • • • •• • • . .. - • . .. • J I; • .. • • ... r . ,. ~ ... I •• r··.. • , • I - l -• _ ; l -~ I, • ' • •• .. •• . --•_, ,._;._ • ...'" ., • • .. .. .l ' • •• I • ' -~ .. . ... I " \ .\ • -1 ,. • I '• 9 • -, • .' • • -~ • • • \ .., ''I .. . -· . ' . • . ,.. .. • '• t .. \ , • • ~ · .,• . ,. .. ...... • • ~ • - J • • ; • . •• C;. •• ..,• . •• ·- .~ . •· .:,. . . - •. ... . ~ •• • • ~ • .. . , • .. . ;} •' ... I .. '• I . •· .-: ........ . ' • • • .• •• • • ' • .. ♦ " • . ' .. .,. , . ,• •• .' •,·.r ~ ( • ' f • .. -.. • • • • • ., , • . .. •..!. ; \ .. t • "'1 l , ·- " ., . ,. . . . • ... ... , • .. • • ' .. •... • . • •• < •• .. , .. ,, • ,• • • t ., • • . •r J.....' • ,. I • f • : •.. ..... \ • • ., •• '\ • -. .. I • • • .... .. • .•,: c·· , ' •• . ·- ' • ,. . ., ' • • .. • • • >' ., ,. • • -- •• •• .• • • • • • I • • • - • ,. ' • • I ' ,t . ' ,_, •• • ... •• ~ • • • .• \ \ • • • , . • • •• I ·~ .. • • • • , • • t ► • r �CENTHE COLLEGE OF J,~NTUCICY Statement of I ncome & Expense Oper a ting Fund Educational & General Auxili a ry ~terpri ses Residence Halls , !Tomen 1 s Dept . Residence Ralls ; lliseman Residence Halls ; McReynolds Residence Halls ; Breckinridge Centreville Dining Hall , 1 /omen 1 s Dept . Dining Hall , Men 's Dept . Tea Room , 1lomen I s Dept. Coffee Shop , Men 1 s Dept. Bookstore & Pcstoffi ce Oth~r Non-Educati onal Gifts Student Activities Health Servi ce Athletic Dept ., Men Scholarships & G ants in Aid r Other Income Endowmen t Real Estate Public Relations Offi ce Al 11roni-ae Office Bus Service Housemothers, Frat er nity Houses Central Stor es llar ehous e Income* .., E rt>ense* 310 , 263,91 125.613.16 22 .321.00 4,395 . 00 J ,255 . 00 10,294.83 4,023.92 305 .59 1,366 .17 79 . 89 125 . 08 20 ,4o7,48 66 , 571 .96 8,735.77 991 .81 419.72 6,765 .96 J ,158 .06 18,405 ,27 38 ,476.59 J0 ,861.81 J ,690 . 00 2,010 . 00 10, 681.60 13 ,498 . 02 2,305 . 94 J ,490 .00 994 .98 16,201 .67 72 , 694.95 8,176 . 87 1,428 .53 7,408.80 l,078.J8 870 . 00 684 . 71 ~liseman Annu.i ty 6J ,047,37 1,250,00 114,278 . 89 Capital Ou tla.Y..§. Young Science Hall llomen ' s Dept. , Rea ting Plant Total Income - Total Expense Excess Income over :E>.xpense 3 ,051 .10 1 ,925 ,00 4,976 . 10 439 ,885 . 24 439 ,885,24 * See Schedules Attached JJJ ,J64. 74 106 ,520 .50 439,885.24 �• •• •- ' • .. . • • ... .. •• • ... • • ... • • \ - ' ------·1,., ' • '\ ,... .. J. • • \ • ,. ) I • - • . - • ... , • • I • " ' , ' • • • r ' • , • .. . • • .. • -· • •• ' I .. -~ .. • .•. .. ~ ' ' 1 ' • • • ·' • ti • ' I ' ... - • .. t • • ' . ., ,:, • . .... ... -- - ,, • ,"\ •• •• • • • • • .,. • • • • .. - • • • • '• • I • .. ' • •' • " • • I • • ... - ,.' • • • . • • • • ·1 •• ' • • ., • I • • • .. • ·~ • • • • • ... • w -- • • •• • " • • .. • - r I • ; '• ~ ,. ; •• I , ' ' •' I • •• • I C ·r . • ' • ... • -• • • .. - •A••• • t l • "" ,rI -. I ., • .... , ,. ... ' ..... -·· • ·' ~ • •' I ..• ·, , • .. ) .. - • • ., • • . • ... • • ., ... ... ..• . ... • .. • • • • .. .. • • '• • ~ ., - .. " • -' \ r. • • \, • •• • .. - .... • • I • ..... , ~ ,) 11 • ., --· ,. . -· - .,. . . • • - ... • • • , ~ • • • r • I . ' i - '' .. \• • • ..... .,,_ • ...,, • ' ~ .. .. .. .. \ • fl • • • •• .• • I • .. ' I • .. . - • ' •• l �February 29, 1956 Schedule A Educational & General I ncome Student Fees Tuition & Fees Other Fees 200 ,875 .96 1,446 .00 202.321.99 ~ndowment I ncome Unalloca t ea ~ndowment Earnings (Gr os s) rteal ~state Income, Unres tri cted l{estr icted Endo11rment 35,531 .90 15,968.71 19,519.56 71,040.17 Gifts-Chur ch Boar ds Synod of Ky, U. S. Bd . of Christian F.d,. U.S.A. 9,720 .00 18,277.00 27t997,00 'Jducational Related Voc~tional Guidance H.esear ch Program 904.78 8,000.00 8 ,904,.2§ 310. 263 .91 To t al Educational & Gene r al Income SCIB.]D ·1E B ~nucati onBl Genera l Expense Administr ation & Gene ral Pr esident 1 s Offic e Bl1siness Office Treasurer:~ Office Dean 1 s Office Registrar 1 s Office Dean of Student s Dean of ,v omen Admission & Stu. Pro. Gener al Expense Board of Trustees & 8 ,J24.o6 - 6,J4J .82 2,236 . 07 J ,531 .46 J ,116 .95 2 ,241 . 20 2,306.96 9,876 .36 6 ,140 .45 875 , 06 44 ,992 .39 Instructional Expense Instructi on Library Oper ation & Maintenance Total Instructional Expense 86 ,0J2 .15 7,798 .9J . 16 ,809 . 62 1J0 ,64o,77 175 ,613 .16 �• • • .. • • .. -~ -' • \. •• • '-~•• • ... • • • • • . • , • _( ~ •• • • .• • l • • • ' • ..... c-: • •• ., ... ..... • ,·. , ":.I • ..... ... .: s • - • .•, •• • \ I . • ·.' • • .( . .. . .. l .... • • •• • \ r· ' ~ . ..c • I • ... • , •• • • " • .. • t ' • • • • .. • .. l • •• • • • •• •• ·:. \ . .. • • • ) ., . ·"· .. .. r • I .. : : • • .. • • ... • I .! • ,. ( i ..• • • • • I i • •• • • • /1 • ., • I ... .. .. . I . • • • • :".. , ') : .,. . - ... • ':' ~ J •t ' • ' .·' . - '.'.. - \ .... \ .l • . I • • . .... '\ f , ' ....' , :• • > • ., ,., ' • • • • • • • • • • # \ _...,_, • , .., \ ' • \ ..... .. • , ., " -- • • • • • • • • • 4 \ • • .' I ..• • ,, • .. • -.. '-'\. • " ,, • ' .. ' ·--• • -· •• i_.. ..::.. ◄ - • - • l I ,• • L. .. . •• . ·-- • , • w .• .. • • • • • .. • • • . : . •• �Minutes Executive Committee Meeting of the Board of Trttstcc s April 20, 1956 - The racct ing ,ras called to order by the chairmru1, Mr. Ike Lanier . PrELycr vras offc1~ed by President G:c-ovcs P1·esent ,,,ere !~es::rro . Lanier, Logan Caldwell, W P . Cald,1cll, . Van \li.ll{l c, Armst1·ong, and Li vcly, n11d President Gl'·ovcs . Tl1e mi11utcs of the mec ting of' Merch ar1d circulated . 16, 1956, were appro,·c d ns printed Pre sident Gro,·cs presc11ted Mr . Dudley L. Parsons , of tl1c Dudley L . Pe.rsons Coropany, vrl10 is doing p11blic relatio11s ,-orlc for the Di vision of , Higi1cr Education of tl1c Board of C111·istian Edt1cati0n of the Prcsb:ytc:cian Church in the U. S~Ac • t'1r. Parsor.1s 1·epo1·tecl on t)1e worl{ ,,hicl1 l1is firm has done for t l1e p ast year a.11d a qua1·ter, 011e , to acquai11t Prcsl1ytcrians across tl1e natio11 ,ri th their colleges, t,,o , to help the colleges do a better j ob in their relations11ips ,ri tl1 the cl1urch, and thr ee, to help th colleges to a bet.tor ui1der sta11ding of cacl1 otl1er . IIe explai11ed that l1is rcaso11 for visi ti11g Centre was t'\-rofold, fix·st, . ecause of r1is desire to visit the college, and second, t o render any assistar1ce possible to it . It 1-,as voted to amend tt1c minutes of tl1e meeting of the Exccuti vc Committee of February 24, by sti-·il{ir1g out t11e eighth paragraph ,-1l1icl1 refers to responsi bi li ties of members of the: fact1J.ty and staff of the colJ.egc to t '1e President . It \ras tt1c co11se11sus :,110.t stlch an action is not necessary si11cc sucl1 lir1es of x·csponsibili ty a rc recognized proccdtire . of Mr . Arnicar presented the Business Manager's Report for the period operati ons ending lviarch 31, 1956. ( See COl)Y atta.cl1cd ) It ,,ras voted to receive and file this report . Following a report from Prcs.i.dc11t Ox·o,,e s of his conversations '\Titl1 Mrs . Alfred I , du Pont concerning her gift of $10,000 made in December to tlic college, it ,,as 11oted to apply this gif't to tl1c per1nancnt cndo,nnc11t funds of tl1e collcr,e, $5,000 ·to be added to ·t~he $1,500 rccc i vcd t-1arc: 17 , 1951, f1•om Mrs . du Po11t , the i11comc of' wl1ich is to be ttscd fo1· c11do,-nnent, and the second $5,000, the income to be used for increases in faculty salax·ies . Both gj_fts to be used according to tl1e terms s·tiptuated by Mrs . dt1 Pont, that t he scholarsl1ips and factu t solar·ies be used fo1· ,mite st1..1dcnts and vrhit o members of the facul t~r. Trc.nsfe1· of tl1csc fur1ds from the operations funds to the endovnncnt funds is to be made by the Business Managc1· at tl1e ·time most convenient during the :present fisc&l year . p t-1.r , Logan Caldvrell reported the receipt of a stoclc gift from r~1rs . Bertha Lcbus of 100 shares of Sperry Rand stock, to be added to the previous gifts of t-1iss Bertha I.ebus for the Lc,ns and Mar··tl1a C. Lebus Scholarsl1ip Fund. �• • • • • I • • • • r • ( • I • • • • • • • • • • • • .. • I • • • • • • ... . • • ( • ' • • • I I • • ' • I • • �7R -2- Tho :r-cport of ~he Director of Admissions for April 20 1956 showlng a totnl of 160 studc11ts prc - 1·e 0 istcrcd for tl1c fal l of 1950 a s compared with 147 for the scmc date a fear ago was presented. The report p0ints t1t tl1at of th.;..s total of 166 , 105 arc from forty- seven different comrnuni tics i11 Ke11tttclty and fift)'-seven a1"e from scvc11tccn s-'catcs outside of Kentucky and fou1· are from tl1rec foreign com1trics . 1 President G1--ovcs n10.dc a report concerning in0::re:..::.s i.:tf" Gt,.1c:cnt f~es . 011 rnotior1 i·t ,,as \'Oted to refer tl~is report to tr1e :Uu4.gc-'-. :;0r.~r:i. .j.,~ ~\.~ :tor conside1·r-ttion ancl J·0co1rune11dation to the f'nll Bom d :i ,·,11 ..... t-',~ is · spring 11 :11cctir1g in 1956. (Sec cot)y r,·f reT)Or-'.,; c';·.;~,~•1~d '1 1nectir1g or its f., .• P1·csidc11t G1.. 0\7C"3 made an e.d i 1tc1·im repo1·t 011 ..,.,01--k f o. · -·~: 1c ·1inson t-1l!nlo'2:ial Flu1d . I➔; 1-r,s votC;d to ottacl1 a cop:r of t}1is 1·e1)or··~ ··n tl1c min1ites, t!1c ,1l1ole ina.ttcr to be cc.,nsidcrcd at the spri11g me~ti11u of t~ e Board of T1·tistee s . ~b: . Lru1ior l'C:-J?or-'ced on tl1c 1110ctiI1g of the special commi t.tce of t l1e ·trustees co11sisting of Me ssrs . 1·1--cl1n, P.rmstx·ong, Logru1 Cr.ld--.relJ. e11d l1imself, on the 1J1ettc1· of dcseg ·egation ,ri th tl10 Reverend Olof ;.nd1..:rson, cl.airman of Sttb-eon ni tt<)e; on Ii:- g}1cr Education of t he S)'i1od of K~11tu.clt:y· of tl1c P1·esbyteria.."l Cl1LU·ch in the U. S. , tl1c Re,:cre11d Jmi1es Angcl,cl1airr11a..ii. of higl er cdt1catio11 of ·the Synod of Kc11tucl~;y- of tl1c Prc sbytcria.'"1. Cl1l1rcl1 in t11e U. s. A. , ai1d \.r:l tl1 Dr . J oh11 R. Gosnc.r, rcgio11al field d.i1"c'"' to:.. 01~ Ch1·istiru1 education for botl1 Synods . The trustees comrr..i ttec presented a rcsoll.1tio11 011 tJ,1.:.s L1a.ttcr to this mceti11g ,rl1ich , after fuJ.J. cli scussion, ,,as accepted as information bj~ the • rcp1·cse11to:ti vcs of tl1e Synods, and by mtttuo.l co11sent, Dr. Jolm R. Gosney ,,~s a.sl~cd to send a C01)y 01' tl1c rcsolutio11 to Dr . B. Fay Canrpbcll, sccr·etary for the n· vision of Ifighcr Educatlon of tl1c Boa,.. d of Christian Education of the Presbyterian Church i11 the U. 3 . A. President Groves reported f'o1-- D1" . Gos11ey a tclc1)l1onc co.1versation wi tl1 Dr . E . Fay Co.rnpbcll o 1 Tl1ursday e,·e11i11c, A_>ril 19, in l1l1icl1 Dr . Crunpbell said t11nt t 1e 1·csolution as p1"cs~11tud vras accept a ble so.ve in t,-ro minor· dvta::.1s. 1\fr . Il~c L'll'lier tl1c11 presc11tcd a revision of' tl1c resolution to tl1e members of t 11e comrni tte\,; present ,,110 accc1)tcd the cl1anges wl1icl1, r(.;sol u tion as aracndcd ,.,as accepted ux1ar1imously by tl1c Excc1.1ti vc Committee . ( Copy of the rcsolt1tio11 as amc11dod i1nd approved is a.ttacl1ed . ) P1'csidc11t Gro r~s rcpoi-·tcd on the dctoj.ls of tl c fi11o.l plru1s for the dedication ceremonies for tl1e ,,1cisigc1· Art ru1d ~111sic Bt1ildi11g to be l1eld April 28, 1956. lvh" . Cald,;.rcll rcpor·tcd on the need for e. ,,all aroui1d tl1c motors i11 tl1c bascmc11t i1 tl1c a.rt ru1d music b1.1ilding U11dcr t11c stage, nnd also tl c 11eed for dl'ainagc tiJ.c on tl1e cast side O.L tl1c bt1ildi11g . On ootio11 it was 1 votccl to nutl1orize this construction and tl1c cxpcndi tu1.. es entailed . Prcside11t Groves rcpo1·tcd ho.l orary degrees o.s fol lovrn: 011 the votj.11g of tl1c Bon.rd of Trustees for Iv1r. Robert G. IIaney, for the honort:-...ry dcg1~cc of Doctor of Humru1e letters . - �• • "\', • • • ,. • t , •• • • • r • ' • • • • • • • \ • • •• �-3DJ· . Daniel C. Ell~i11 fo1., the honorary degree of Doctor of Science . Tllc Reverend A. B. Gross fol'· the ho11orary degree of Doctor of Di vinit- . The Revcre11 Di vi11ity. 1'1alcolm C. McI vcr fo., t e honorary dcr:rec o:f Doctor of Presidl!nt Gr cs rep . . ~tccl also t at i.1 yj_e,r of th~ f:tct that Ml • Ci1o.rlcs L . I:lorn 110.d dccl111cd tl1c in,ri tat· on to delj_ ·l.;1" ti e 0.omme11ccment add.J: cs s , ru lnvl tati o 1 had been c xtc .dcd to Profcs sor I: ".... r (?., i cmc.n, p1•0 essor of ch~mical cngi1 ccri11g of' l lassacl1usctt'3 I 1stitu"C o :- .e _e;J.i.1olog:,', and cha· rman of the Conunission 1hich met at Ge 1c a i _ "ti.IC sLt.-n .er 0f 1956 o Peaceful Uses of Atomic E11ergy, ai1d t . . at Professor \·lhit1nar ~1u.d accepted t c in,ri tatio11 . An ho orary dcgi·ec Till also b gi vc11 to Professor \/hi tman . 1 1 After discussio11, it ,ras voted tl at tl1e meeting of tl1e full ard of' Trustl!eG be called fo1" Friday 110011, J lme 1, 1956, to begin t lllr1cl1 ru1d then eting to co1tinuc through Friday afternoon and Saturday morning , rcccn vcning on Sattu·do.y at 11hatcver l1our seen s required. ,,j It was oted that the request of the Ilo.vy D2partment for a lease to build a na,1al lcctro11ics butlding 011 the campus be refc1·rcd t o the Bu.ildings and Grounds Co1m · t tee ,v:.l th powcI· to ct . Preside11t G1·ovcs repo 'tcd on con rersatj.ons "Ti tl1 the Olin ~ undation coi1cerni g the pos si b li ty of their gi v i.ng a student un1011 bu.. lding to Centre College of Kcntucl<y . It wn..s ·,otcd to call a n1ccting of tl1c special commi ttec on plru1s for a student union builcli11g consisting of r-.:1r. IIJorris Armstrong, chai r1nru1, t-u:· . Hugh I cvi11 d !la-. Lisle Balcer, Jr . , on Ap1"il 28 at 1: 30 p . m. , to consider plru1s for tl1e buildi11g . Ti1e rcq\lcst of' tl1c O. D. K. frater11i ty for perrn.i.ssion to erect gate posts at tl1c west entrance of the dri vc,,ay on the sout caripus of t~1e 1 mc11 c campus be gra11ted, the plans to be appro,rcd by the Buildings and Gl"OU ds Cornmi ttce af'ter co11f'crenco vri th lv'ir. I'Jcvln . Adj ournmc11t . F. Pierce Lively Scc1·ctary - �• • • • , .. •• • • • • • • • • • • • �Centre College of Kentucky Balance Sheet Statement - Operating Fund 80 March Jl, 1956 ASSETS Current :Funds A. General ]\mds Cash in Bank Petty Cash :Fund 11,792.59 1,100.00 12,892.59 Notes Receivable Accounts Receivable Due from Other funds From L'vans-S,1mrall Sch. Fund From Farris fund General Scholarship Fu.nd 387 .65 22,49J.04 160.50 12,465.41 260.00 12,885.91 Deferred Erpense Inventories Prepaid Insurance Total Assets LIABILITIDS Current Funds A, General Fund Accounts Payable Accrued Salaries & \'lages Federal Taxes \iii thheld Social Security Taxes \'/i thheld Hospitalization Insurance Salary Savings l{i thheld State Taxes Withheld 405.44 15,897.36 27 ,670 .20 92,632,19 537.97 14,634.85 4,192.27 780.7, 180.47 126.88 624,61 21,077.86 Due Other Funds: Due to Building Fund Due to Prize Fund Due to DKE House Fund Prepaid Charges: Board, Men's Dining Hall Board, Women'; Dining Hall 62 .19 3 ,JOJ .47 171.60 3 ,537 .26 15 ,4J4.19 17,576.12 33 ,010.31 Reserves: Athletic Department Research Pro~ram Gifts for Designated Purposes 270.23 280 . 28 2,425.39 2,975.90 Lichter Foundation - Sm1dent loan Fund Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at March Jl , 1956 s.000.00 65,601 .JJ 58.274 •.)6 as,1os.22 27.030.86 92,632.19 �• • r ' • • ' • • • • • • • • ' • ' • • • • • • • • • • •• • •• • • • • • • • • • • • • • • • ' ' ' r • • ' • • I • ---- - - ~------------------------------------ ---------- ------ ---- --------- �Centre College of Kentuc ky Statement of Income & Expense & ating :Fund per Mar ch J l, 1956 F.ducational & Income Gener al Expense '319 ,387 ,?J 22 ,372 . 00 4 ,425 . 00 J ,255 . 00 10 ,239 . 83 4 , 723 't42 667 . 03 1 ,655 .95 90 .27 186 . 13 69 ,410, 54 Student Activities Health Service Athletic Dept., Men Scholar ships & Gr ants In Aid Other Income Ehdowment l~al Estate Public ~elations Office Alumni-ae Office Bus Service Housemother s , Fr ater nity Houses Centr al Stor es Warehouse Wiseman Annuity 19 ,681 . 54 41 ,133 . 82 37 ,116 . 81 J ,690 . 00 2, 010 .00 10 ,726 .94 14,823 . 02 2,655.84 Other Non- Educa t ional Gifts 10 ,131 .35 1 ') 726 .,82 988 ,JO 6,747 ,21 J ,858 . 60 21 ,795 .91 Auxiliary Enter pr ises Residence Halls , \'/omen I s Dept. Residence Hall : Wiseman Residence Hall : 1-!cReynolds Residence Hall : Br eckinr idge Centreville Dining Hall , Women ' s Dept. Dining Hall , Men 1 s De9t. Tea Room , \lomen ' s Dept . Coffee Shop , Men 1 s Dept. Bookstor e & Postcffice 206 ,855 , 56 3 , 590 . 00 1, 096 . 69 16 ,952 .17 73 ,869 .95 9 ,J48 . 12 1,764. 05 8,992 .36 1,211 .56 935 . 00 760 . 28 l , 2'i0 . 00 119 ,770.18 Capital Outlays Young Science Hall Women ' s Dept ., Heating Plant J , 051 . 10 1 ,925 . 00 4,976 ,10 Total Income - Total Expense Excess Income over Expense 460,040 .88 460,040.88 • See Schedules attached • 374 ,735 .66 85 ,305 , ?.2 460 , 040 , 88 �• •• • • • ' • • • • • • • • • • • • f • • t • • - • • • , • \ • • • • • • • I • • I • • • • ' ' • • • • ... •• .:. I • • • • • , • • l • • • • ' • , • �Mar ch Jl , 1956 Schedule A Fduca t ional & Gener al I ncome Student Fee s Tuition & Fees Other Fees 200,957 . 96 1 , 568 , 00 202,525 .96 Endot'IIDPnt Income Unallocated Endowment Ear nings 41:0?9 . 67 Real Estate Income, Unrestricted (Gr oss)16,761 . 54 Restr icted Endowment 22 ,098. 78 79 ,959. 99 Gifts - Church Boar ds Synod of Ky . U. S. Boar d of Chr istian Education U. S.A. 9 ,720 . 00 18 ,277 . 00 27 ,997 .00 Educational Related Vocational Guidance Resear ch Progr am 904. 78 8,000.00 8 ,904,78 119 , 387 . 23 Total Educational & General Income Schedule :B Fducational & General Expense Administration & General President ' s Office Business Office Treas1irer I s Office Dean 1 s Cffice Hegistrar 1 s Office Dean of Students Dean of \a/omen Admission & Student Pro. General Expense Board of Trustees 9 ,878 . 88 7,402 . 85 J,840.51 4,053.96 J ,436 . 17 2,760.95 2, 757 . 4J 11 ,567.29 6,903.44 875.06 5.'.3 ,476 .54 Instructional Expense Instruction Library Operation & Maintenance Total Instructional Expense 100,455.85 9,152 .J8 41,770.72 151 ,179.02 206 ,855 . 56 �' • -• • • • • • • • •,,. • t . ' 1 • • .. ,. • • • • , • .. ' • •• • • • • .. • ' • I • • • •• • • , • • l ' ' • l • • • I • ~ .. • I • • • • • • • • • • • • • • • • • • I ..• I ... • �Centr e College of Kentucky Jmd~et Compar ison - Oper a t ing Fund Budge t 1955- 56 INCOlvfE Student Fees General Fees Cther Fees Endowment Unr estricted Beal I'state, Unr estr icted (Gross) Restr icted Gifts-Church Boards Synod of Ky . U. S. Bd. of Chr istian .Eli . U. S.A. Educational- .rlelated Vocational Guidance Research Program Auxiliary Enternr ises Residence Hall , \vomen I s Dept . Residence Hall , Wiseman Residence Hall , McReynolds Residence Hall , Breckinr idge Centr eville Dining Hall , ,vcmen I s Dept . (Net) Dining Hall , Men ' s Dept. (Net) Tea Room, 1vomen I s Dept. ( Net) Coffee Shop (Net) Bookstore & Postoffice .Other Non-lliuca ti onal Income Gifts Alumni-ae Fund Student Ac t ivities Health Service Athletics, Men 1 s Dept . Scholarships & Grants Other Income Quota 3/31/56 Healized 3/31/56 Over (under ) 204 , 215 . 00 l 1 28S . OO 205 ,5 00 . 00 197 , 125 . 00 742. 58 l92 ,824. 58 200 ,957 .56 l , 568!0Q 202 . 525 . 56 3 ,832 .56 818 . 42. 4 ,650 .98 61 , 500 . 00 20 , 947 . 00 20 ,140,00 102 , ?8? . 00 41 , 099 . 67 16 ,926 . 54 20 , 34o , oo 78 ,366.21 41 , 099 . 67 16 , 761 .54 22 ,098 . 78 79 ,959 .. 99 . oo (165 . 00) 1 . 758 , ?8 1 , 593 , 78 16 , 000 . 00 1a . ooo . oo 34 1 000 . 00 9 , 720 . 00 18 , 000,00 27 ,720 . 00 9 , 720 . 00 18 ,2?7 , 00 27 , 997.00 . oo 27? , 00 272 , 00 1 , 000 . 00 11 , 000 . 00 12 , 000 . 00 654. 78 8 , 000 , 00 8 ,654 . 78 904. 78 8 , 000.00 8 ,904 . 78 250 . 00 . oo 2SQ , OO 22,635.00 4 ,360 . 00 3 ,375 . 00 11 , 860. 00 22 , 032 . 00 3 ,865 . 00 2 ,975 . 00 11 , 735 . 83 4 , 662 . 00 1 , 808 . 31 1 , 876 . 00 103 . 62 515 . 40 21 . 795. 91 71 , 369.07 22 ,372 . 00 4 ,425 . 00 340 . 00 6 ,500 .00 3 , 100. 00 2 , 412 . 00 190~00 945 . 00 20 . soo . oo 75,877 .. 00 34,500. 00 18 ,500. 00 3 , 690,00 2 , 010 . 00 9,820.00 28 ,500 . 00 S,800 . 00 102 ,820.00 3,255 . 00 10 , 239 . 83 4 , 723 . 42 667 . OJ 1,655 .95 90 . 27 186 . 13 21 , 725.91 69 ,410.54 34,500 . 00 . oo 3,690 . 00 2 , 010.00 9 , 820.00 12,500 . oo 37 ,336 . 81 .oo 3 , 690 . 00 2 , 010.00 10 , 726 . 94 14 , 82J . 02 2,655.~ 65,175.84 2,655 . ~ ?1 .242 .61 560 ,00 280 . 00 (1 , 496 . 00) 61 . 42 (1 , 141 .28) ~220 . 05) (13 ,35) (329 . 27) , 00 . 2 , 8.36 . 81 . oo . oo , oo 906 . 94 2 ,321 . 02 . oo 6,o66 .77 • Total Income 532,984.oo 449,160.48 46o,o4o.48 10 , 880 . 00 �• • • • , • • • • .. • • • • • ' '\ • . • •. • ' l • ' 1 • • , • • ,. . \ • • ' • ~ • f - • .. • • l • , • • ' \ • , • • • • • • • • • • • ; ., f ' . • • • • • • ,. •• • • • • • . •. r • .. ' • • ' '- ' . • • , • • • ' • , • • • I • • • • • • • • ' • • • • • • • • • • • • '' ~ • • J • • \~ • f • • ' I . ♦ • • • • • • • ~ • .. • • f • r f • - • • • • • • • �Centre College of Kentucky Budget Comparison - Operating Fund Budget 1955-56 Quota 3/31/56 Expended 3/31/56 (Over ) Under EXP3NDITUR.ES Administration & Gen~ r al Presi dent's Offi ce Business Cffice Treasurer's O ffice Dean 1 s Office Registrar Dean of Students Dean of Women ' s Cffi ce Ad.missions & Stu . Pro. Gener al Expense Board of Trustees Instructional Instructi onal Expense Library Oper ation & Maintenance Endo,men t Real Es ta te Auxiliary Enterprises Residence Halls , !omen ' s Dept . Residence Hall , iiiseman Residence Hall, l-lcReynolds Re~idence HPll , Breckinridge Centr eville Bookstor e & Postoffice Other Non-Educational Exoense Publi c Relations Office Al11mni Office Student Activities Health Service Athletic Dept . Scholarships & Grants :Bus Service Housemother s, Frat. Houses Central Stores Warehouse W iseman Annul ty Ca12i tal Ou tla:ys Young Science Hall Wornen 1 s Dept. Heating Plant Total Expense Budget Deficit for 1955-56: Budget Gain at March Jl , 1956: 16,091.50 12 ,195 .00 5,710 . 00 5,520 . 00 6 ,125 . 00 4,275 . 00 4 ,602 . 50 15 ,455 . oo 13,735. 00 lOO . OQ 83 , 802 . OQ 9,386 .70 7 ,115 .54 J ,747.50 3 ,220 . 00 3,572 . 91 2,493 . 75 2,684. 79 9 ,015 .41 8,187 .08 58.JJ 42~482e01 9,878.88 7,402.85 3 ,840 .51 4,05 ~ . 96 J ,436.17 2,760095 2,757.43 11,567029 6,903 .44 825.06 53 ,426.54 (492 .18) (287 .31) (93 .01 ) (833 .96) 116.74 (267 .20) (72 . 64) (2 ,551 .88) 1{283.64 816.23) (1 ,224.51) 178,936. 94 14 .945 . 00 67 ,611 .90 10 ,918 . . 00 272,411 . 84 101,696 .54 9,134.58 42i2Jl.94 2 ,148.00 160,411,06 100,455.85 9,152 .J8 4J;770 .79 9,148.12 162,727.14 1,240.69 (17 . 80) (1 ,538 . 85) (2 ,000.12) (2 ,316 .08 ) 13,695.00 2,764. 00 1,970 . 00 8,739 . 00 6 ,500 ~00 12 ,475 . 00 53,143 . 00 8,988.75 1,934. 80 1 ,379 . 00 6,117.30 J ,791 .66 19,681,54 41 ,893 . 05 10,131.35 1,726 . 82 988 .JO 6,747.21 J ,858 . 60 19,681,54 41 .111.82 (1,142 . 60) 207 .98 390 . 70 (629 .91) (66 . 94) 2,920.00 15,455 .oo 3 ,690.00 2,010.00 16 ,047.00 76,000 . 00 J ,020 . 00 1,800 .00 1,235 .00 2 , 500.oQ 124,622.00 1 ,703.33 9,015.41 J,490.00 1,2?7 .so 14,080. 58 76,000 . 00 1 ,312 .50 9'35.00 720 .41 l , 250.oQ 109 ,804,73 1,764. 05 8,992 .'36 (60 . 72) 3 ,5')0.00 1,096 . 69 16,952.17 73 ,869.95 1,211 . 56 935 .00 760 . 28 l,250.0Q 110 .422 , o6 (100 . 00) 200 .81 (2 ,871 .59) 2,130 .05 100 .94 3 ,051.10 l,225,0Q 4 ,976.10 3 ,051.10 1,225.0Q 4.226.10 J ,051.10 l,225.QO 4 ,976,10 539,016 .94 (6 . Q32 . 24) 532 ,984.00 366 ,566 .95 374 ,735 .66 • .oo 23 . 05 .oo (J? .87) . QQ (612 , 31) .oo .Qo .OQ (8 ,168. 71) 2, 711 .29 - �• • • • I • ..• , • • • • • • • • • ' • I • • • • • • • • ' • • • • '• • • • • • • • \ I • • \ ' • I ' • • r • • • • • • • • • • ' • \ . • • • • ' • • • • t • ( • • ' , • • • • • • ' • ( { ' • i • ' \ I • • • .. I • .. • • • • • • \ • �Memorandum - Execut ive Committee Meeting, Apri l 20, Re 1956 Vinson Memorial Vi s its have recently been compl eted to New York, Washingt on, D . C., and Loui sa , l~cntucky, in tl1c process of wh i ch a number or people previ ously seen ,..,ere called up on again and a lot of ne,., interest a,•rc:Jkcne d thr ough visiting ne,,, people . Talks have been made to the Rotary Clubs of Paintsville, Kentucky and Louisa, ~~entucky , in explanation of the purposes of the memorial . A committee of five or six people in Louisa , l~entucky, is at ,,,ork, or at least the individuals have promised to ,,,ork t•rithin the next week vi siting some thirty•-cight people in Loui sa to tr;, to get the ir contribution to the Fundo Mr"' John Di ederich of Ashland, lCcntucky, has been asked to f ollo,., up this ,,,ork tvl1ich has been started in this community. On the visit to \lashing ton, several conferences were held with l•1r . Fred ! . Morrison . It is his op inion that l ater in this year ,.,e may be able to obtain some tangible results, though he does not anticipate anything in the immcdia te future. In addition, Ivir. Bed!o,.v of ivtr. Morrison's la,,, firm, has completed the charter. A number of the trustees already have signed it and a copy of that charter is available for inspection by the Execu tive Commi ttee today. T,,,o ind i vi duals i"l ··ashington have promised to give assistance there , both of whom are key peop le and should be able to help in a large ·ray . The first is I.fr . Paul ::elly , no\11 adrninistrative secretary for Congressman John \tlatt . 1:r . ICelly for very many years ,.,as the personal secreta ry of the l a t e Chief rTustiae Vinson and kno,.-,s intimate ly a host of his fri e nds. As soon ~s the pr i mary campaign is out of the way on May 29 , Mr . J~elly will devote his full time to this job without any cost to the College save such costs as may be involved in travel expenditures or othe r out-of-pocket items. While M Kelly is coming into the r. relatively late, the r e ,,,ere several r e."lsons for this, which no,.., havo been cleared n,,,ay so that, thanks to the generosity of Congressman Watt , as ,1ell as the generosity of M I:elly, ,.,e can anticipate quite a little r. bit of ass istance from him. Another individual who has e nthusiasm is M Les Biffl e , for r. no,, \trorkin in a public reloti ons intimately most of the fri e nds of indicated a very real 1illingness taken up the matter with considerable many yeArs s ecretary of the Senate , and capacity in '1lashington, D. C. He kno,,rs the late Chief Justice Vinson, and to help,~· th this project . In sp ite of some of these encouraging prospects, actually tho project its elf is moving very slo\'rly . I ,,rill have practically to drop all fur ther work in connection \'11th it until some time after commencement . But beyond th at , unless the project gathers some momentum ,.,1 thin tho next couple of months, there is no rcnson why I, as president of tho college , should continue to devote the · ajor portion of my timo to it. There are m many other very urgent needs of the college ,..,hich die ta te the more val U'l'ble use of my timo, such as , enrolment, improvements in faculty and faculty salaries, cnpit 1 needs , such as student union buiining and other matters important to the on-going program of the college . - �• • • • I • ' • • ' • '• • • • • - I • • • • •• • • • • I\ • • • • \ ' • • • 1 • , • I • • .. • • - • ' • • • • \ • • • • • I I ' • •• . .. • • • • • • • .• • •• • .., • ' • • ' • • • , • • 1 • • • • • • • • , •• • • .. • • • ' �Memor~ndum - Re Vinson Memorial Page 2 The proJect needs t\rhat I "'ould describe as 11 a shot in the a rm " . This might be suppli ed by a general campaign in I(er1.tucky or a g e ne ral campnign among "ll urnni and alumnae . As a matter of f·ac tr from the ve-::y beginning I felt 1=tnd st ".l tei to the Board of Trustees th:1. t I felt th.1. t a cc..m_p3 ign among the 9.lumni q,nd nlumnae t•ras the first step r The trustees "iii:lought othe r-,,is e . Ho,,,ever, I have been :net again and a.g1.in ,.,ith the question 11 \fuat are the alumni nnd alu.mn'le of Centre College do:.:ig 11 ? The imp lic'l tion behi~1d the question ,.,11enever it is rn.ised is "Why should I do. anything if Cer1tx·e people themselves o.1·e doing nothing? 11 Thus unless this pruject g::tthers 1~1omentu.m t\l''i.. t.:!iri tht, rte-.{~ tl:ree months, duo to work ~tqrt-d vrith indiv1dmls in the so't, ...,J...ol a ...·0as , :.t is very un\•rise for me to contin·uo to devote time , energy~ n:1d ~~'.t1e:i. C>..J)enditures to it '1S one of my majur efforts. It may be ca~1ied 0n oy a trustee or trustees , or by A.n ::1.lumr.u.o , or some alumnae~ but P.s yet c~~2 p.:o,jec t has not assumAd porp0rtions suiflcient to just1:y h0lding 1tp s~ m~ty 0ther major activi t1<..s as is 11v·I." tr.1.e C'lse . In .. uJ..r i:.1g t 1i.:. c:i.u :.rL t,cr im report, I req_1;e st :.:id. J: e 0•'-:);i ,../~ this bo inc.lt~ecl i 11 the m:.i.r..-1.tves &rid sent to tho Boa:·d .)1' T.:i·t•.s~0es fo1· thei.r inf orma ti or1 . 1 �• • • • . • • •• •• • I • • •• I - I • .• • • ~ • • / • • • • • • • .. r'f • .' .: .. ~ , • • • • ~ .. • • • • • ,.' • • ' • • , • .. } ••• I .. l i1 -. , • • .. I .. - • • t •• • .. • • • t • • • • I • ' .. • •• • • • •• ., ' t : r • • • • • , •• • ' - • • • • • • , 'J ' • • . f • • • I • , •• • • .. .•' • • 1 ~ I •• . • ' .' ...' J ... •• • •• ' 'f' • •• • • • ,.. ' • • • • _, I • . , .... - .. . ..; • • •I - • ,. • • • • • �t.1emorandwn - Executi \·e Committee Meeting, A1)ril 20, 1956 Re Increase in student fees . There are many reasons which dictate the need f or an increase in fees charged t o students of Centre CoJ.J.ege i'or their education and acti ,,1 ties related to tl1at part of thei r ,1orl( . Among these are : In spite of re ce11t improverne11ts vote d by the Executive Commi tt,ee for faculty salaries for 1956-1957, it is becomming m ore and m~re evident ru1d wi tr1 a kind of accumulative e mpl1asis, tht.1.t all of us at Centre CoJ.lege of Kentucky will have to tr1inlc ( f tl1io nmttc1· of faculty salu1·ies i11 completely different te1·ms tl'ian l1ave been in 1nind up to the prese11t . 1. a . Dr . Burns ' s11rvey wl1ich \1as p1·esented to ti1e t:rustees last faJ.l certainly pointed this ot,t . b . At a recent meeting of tl1e Executive Committee of tl1e PJ·esbyterian colleges of the Presbyterian Cl1urch in the U. S. A. , it ,.,as rcconllllended that all Presbyterian colleges tl1inlt in terms of average salaries fot' f\lll professors at $'1800 per :{ear, associate p r ofesso1·s $6000 per year, assistant professors $5liOO pe1-- year, and instructors $4000 per· year . These figures a1"e based on a study of salarie s actt,ally being paid in colleges wi t11 enrolmer1ts of 1500 students and less in the Nortl1 Cent1·al Association and on the Pcicific Coast . Had East Coast colleges been i ncJ.uded , these ave1,ages would t1ave bee11 increased. It will be noted tl1at these figures are 11ot far different than those recommended by Professor Burns. c . The recent g1·nnts n1ade by the Ford Foundation to all"':i:ndependent colleges all across tl1e country hai.'"e pointed out very sharplJ' to the Art1el'icru1 public tr1e way in wl1ich i;re l1ad been patiperizi11g our college faculties . d . The increases voted next year for faculty salaries mal~e it nccescary to find $15,000 a year more for tl1is item tl1an v1as available this year, wl1ich meru1s tl1at or1 tl1e basis of curre11t operations tl1e college should anticipate a def:ici t of some t20 ,000. Tl1is situation by itself makes it e1nphaticaJ.ly evident that salru:·ies for prof'essors recomme11ded by either Dr . Burns or the Exccutj_ve Comrnittee of the Presbyter:lan collage group crumot be 1·eali zed by the simpJ_e fact of increased enrolment alone . In fact, it vrill take a sizable lncrease in cnroln1ent fo1· next year t.o tal<e cax·e of' tl1is $20,000 deficit . 2 . At a recent meeting of the Sc utl er·n Unj.vcrsi ty Conference, Dr. Wilson Compton, director of the Council for Financial Aid to Education, "A college education today is worth on tl1e average of about $100,000 . Some say as low as $69,000; others as high as $120,000 . The nation, of course, is a general beneficiary of educated citizenary. But the indi\ridual is t P. principal l)eneficiary. It is t l1e i11di \ idual who rccei ves the mo11ctary re\-1a1~ds of his grcatel, productivity as measured by lifetime ear11ing po,-rer . To be sure he pays taxes on these rewards and to that extent returns a portion to the society of ,-,hose genel'·osi t~, he l1as been a be11eficiary. But little of it, except by the root of voltmtary giving , goes baclt to the college 1 tself i,1hich paid t he rest of tl1e costs . " �• • • • •• • • • • • • • • ... • • .. , • • ' • • • • • • l ' • ,. • • • ' J • • • • • • �Memorandum - R~ Increase in student fees, Page 2 3. t,1ru1y otl1er colle~es are now i n tl1e process of increasing their i'ces . }'ees for instruction alone at Ha.r"1ard, Princeton and Yal e l1ave mo,red to $1,000 !)er year . T1- combined fee for board, room, and ·tuition 1e at Ho.ll :i: 11~, College in Virginia ,1as been moved up to $2,100 per year . ( Tl1e corresponding fe e at Centre College of Kt.!ntucky is $1 , 075 . ) 8<;utl1,rcstcrn a.t M em1)l1i s l1as rece11tly annotmc cd an incr<;;;ase in fees of $100 a year wl1ich vrill make their ttti. tion fees approximately $125 to $150 per year more tl1an t hose e~t Ccnt1·e Col:~gc of lCentuclcy. 1 1:.. Tl c college cannot continue ·to pour m ox·e than $100,000 a ye ar fl:·01n its cur1·ent gi :rts into operati ons al one t,ri thout n1a1rj_ng it practj.calJ.y impossi" le t o :raise t l1e fu11ds ,,r,lcl1 arc so absolutely necessary for irn1)ro·ved capi taJ. facili t~~ s, sucl1 as a student ttnio11 building, such t.s the necc ssary a.dcl · tions ru1d l"eno at i.ons t o our men's dormj.tories ai1cl ,,omen's dormitories, and ot!1cr simiJ_a1.. 11ecds. It is rny recommendation, therefore , that the Executi ,re Cammi tJcec re fe r th.1.s mattc1· to tl e Budget C mmi ttcc of tl e Board of Trustees vi tl1 po1-rc1.. to act. After a more car·cful co11side1·ation, tlLat committee may wish to rccomr,10nd .:.ncr\::ascs · n f'ccs to be announced i1 uncdiately 1- hicl1 would go in·co effect 1 by September, 1956 . They may ,risl1 t o rnake a report arid l"ecommendation to tl1e full Board of· Trtlstc s in J 1me; 1956, or tl1C)" may vTi sh to del ay their 1·eport &-l'ld rcco1m1 e~1dation to the full Boa1·d meeting i11 ·tl1e fall . It is my rcconuncndatio11, l10\1e,1e1·, that t11c Bt1dgct Cammi ttee b~ authorized to BO into t h:i.s matter as ca:-cef't.1lly as possible ai1<l as q11ickly as possible, so that in the event :it st1ot1ld seem advisable to ini tia-'ce changes by September , .,_ OUc r Dl' ... Bnnou11ccn1ents could be made be.Lore conunenccment time . �• • • • • • ' • • • • �89 , HHEREAS the Day law was repealed and there now is no law, nor anything in the cl1artcr or the by--laws of Cent1·e College, that prevents desegregation at Centre College and, although the decision of tl1e United States Supreme Court of tllay 17, 1954, is 11ot effective in regard to pri vatcly endo,,ed ins ti tu·tions , BE IT I•IO\l RESOLVED THAT the Boa1·d of Trustees of Centre College, being fully aware of their responsibilities in this delicate situation, are and ha,re bcc11 giving the problem the Lr careful, tl1oughtful and continuing consideration. THAT this is a serious emotional problem, involving the student body, tl1e alurimi and tl1e conununi ty in which the college is situated, and will require utmost patience, understanding and forebea1~ance o all parties involved. It is the opinion of the Board of Trustees tl1at now is not the time to inat1gurate a drastic c:1ange in current practices . It will continue to confer with the Synods of Kentucl-::y on this subject. It is earnestly and sincerely seeking ways and means of solving the problem at a time and un~er the circumstances which will best serve the welfare of all conce1~ned . ��• \ Minutes Executive Conr.rl.ttoe Centre College Juno 1, 1956 BOARD OF TRUSTEES The Executive Connittoe of tho Boord of Trustees of Centr o College of Kentucky net in the President ' s office on Juno 1 , 1956, and 1n:.a called to order by the Chuir onn, Mr . Lanier o. t 10 : 05 A. J,r. The opening p:rayor w led by Dr. as Gosney. • The fallowing wer e present: Ike Lo.nier, Lisle &J.<:or , Jr ., 'vl . P. Cnldiroll, Fred B. Wachs, Don B. Co.npboll, John R. Gosney, N orris Arnstr onc, John M. Van vlinkle, Logan Co.ldwoll, nnd Dr . GTovos . The r ending of tho ninutcs of the l o.st neeting of the Ex:ocutive Conrlittco wqs dispensed ,-1ith since they had boon distributed in rlineogr uphod fern. On notion, the Slater Food Service w r ocontr actod f or o.nothor year on tho o.s sane ter ns . Tho l easing of two acr es of the conpus t o the Navy for the er ection of o.n electronics building (the building t o cost the nnvy a bout t~ 70, 000. ) w os approved with the understo.ndi.ng that tho stipulations specified by tho college 1-1ould bo not and that tho portion now used for soft ball ,-1ould continue t o bo o.vuilablo to the college f or athletic purposes • • . It wns voted that Mr . Steiger o.nd the Building nnd Grounds Con'1ittco deternine what needs t o be dono to stop the l eak in the swinning pool, nnd the cost of u purification syston, o.nd that if tl1e costs appear to be r ensonnblc , thnt they be giv0n the po,-,er to net. Seepage of \.TU tor on the south wall of the Alunni ~Ionorinl B11i lding ,.,Gls discussed with a suggestion that thor o ni ght boa possibility that tho architect should consult tho builder ns to his obligation. The tl(lttor \Tos r ef erred t o the Building and GroW1ds Cor.n:ri ttec . The installation of o drivov,ay on the 1·1or1on ' s Cnnpus bot,-1eon the tJcisiger Fine Arts Building and CcJ.c 1.,-1oll Hull f r or1 Lexington Avenue t o tho Gyn wos r ef erred to 11r' . l·I . P. Cnld,.,ell who,with tho Builcling c.nd Groun\1s Conruttoo , hr.ve po,,rcr t o net . The proposed l etter of Dr . G oves t o Dr . T. E. Cochron w ~ppr oved with r as the annuity t o be off er ecl o.t the going r ~.t o . . Dr . C .rl Misch w~s el ect ed c full professor offoctivc Sept. 1, 1956, Lnd Dr . LeRoy W Ullirch an nssocio.tc profosso~ ns of the snne d~t e . . Hrs . !1:lry Vostvr nork w~s e~pl oycd as on nssistnnt pr of essor in tho dcp~r tnont of Psychology, Sept. 1956, 3t ~ 4,200. per year . Alur.mi- Alurmc.0 Scholcrships \.rcr e discussed . No nction wns tnlcon. It '-fnS suggested that the Prcsiclcnt speak to the conch and ,-r.ri to t o the alunni nssocintions John R. Gosney , Acting Svcr etnry - �•• • • . .• • • • • •• • • • • .. • • • • • • • • • • • • • • .. • • • • .. • • • • • .. • • , • • • • • • .. • • • • • • • • • .. • r • • • • • �t•1rs . Mary Jacob Veste1illarlc. 'i•lrs . Mary Jacob Vestennark is a 11ati ve of \·lisconsin, completed l1er undergradttate wo1·lc at Oberlin College, October 12, 1931, where she obtained the B. A. degree and also iras a member of Phi Beta Kappa . She l1as done graduate worl;.: at the University of C~'i cago, v1as a graduate assistant in tl1e Chilcl l·lelfarc and Development Departme11t at the State University of Iowa, Iowa City, from 1931 through 1934. In 1952 she returned to college agai11 and sttidied in tl1e Ieparti ent of Psychology at Stetson University in Deland, Florida., from v1hicl1 she obtained the Master's degree in June, 1953 . In 1953 she joined tl1e faculty teacl1ing psychology at Pensacol a Jilgh School in Pensacola, Florida, ,,11ere i11 1955 sl1e ,,as ~ade Dean o ... Girls v1i th some eleven hundred gi1--ls in lier charge . Jvlrs . Vesterrnark is very l1ighly reconune11ded l'"'th bl' the people of Oberlin College and of Stetson University. ~1rs . Vet:terrnarl{ is the mother of f our girls, the ol dest of whom will be a j unior in Oberlin College this coming September . She is divorced, but tu1der cii-·cumstances 11hich are to her credit rathe1· tl1a.11 otherwise • • �• • • • ... • I ( , • • t • • , • ., • • • •• . • • .., •• • - • •• ~ • t' •• • \ ." ' • • • • '\ • ... .. • , • \ • • ' • • t• • . .. • • I '••• • . .. . • ' ··, • I . .. ' d • • .. •• • ' •• I • • ... • • ' • • ' .. ~ . ... • • .• ~ • • r • I • I \ ,. .. • • • ' J • • •• • ' • .• - . ·-- • •• . ' •• �MINUTES • BOARD Olt, TRUSTEES CENTRE COLLEGE o:F' EIGf.I'UCKY 9?. June land 2,1956 Fri ay, June 1,1956 Tl1e mecti11g ,.,as called to order by the cl1airraan, tvlr . Ike Lru1ier . Prayer ,,as offered by President Groves . resent uere Messrs . Lanj.er, Boles , Dieder · ch, W P. Caldwell, Rogers, . ./1.rmstrong, L. Caldwell , Ll. ve ly, and Miss Poynter and Preside ,1t Groves . <}e~ c. o rr a f,n)>t a1r.. .. t, ~,t The mi1 utes f the meeting of the Board of Trustees of November ,1955 ,,e1·e e.p1) oved as 1niracograpl1ed and c :rcttlated . Pres: dent Groves 1nade a 1..eport of tl1c Living Endo,-nnent College for the first eight mo1 ths of the current fiscal year . attache . ) d of the (See copy Mr. Fred Ar .. car, t e bus ::.ne s s r.,anager, made the report of tlie financial operations of' '~he College for the first eight r,1onths of the year . Th.i.s report uas discussed at le cth and unde • particular discussion was the matter of eXpenditures for scholarships . Ir. Arnicar then presented a deaailed report on these expenditures for the present year . On motion 1t was voted to accept the report with cor.unendation to l-1r . Arnicar for a job well do11e. The reports oi the administrative officers of the College,which had previously been mailed to all the 1:ierJbers of the Board, were accepted as distributed . A discussion of tlese reports folloued and t ere was a special discussion of the report of the Dean of tudents, Dr. LeRoy W Ullrich, as to . whether or not his uork was not extending too far beyond the proper province of the lean of Students . A:f'ter discu.;s1.on it was voted to accept these reports and to express to these off" cers the commendation o · the Board for the fine job tl1ey m'e doing . The recommendation of the Registrar, !Ir. Frazer, t at college records be microfilmed 11as authorized as an action to be taken by the administration . The report of the Board of Overseers' activities for the year was >resented and it 11as voted to receive this report and also to have the secretary of the Board wr1 te a letter tc the president of the Board of Overseers expressing appreciation for their 110rJ· . The one recommendation of the Board with reg rd to ~1 e employnient 0£ an ssistant -co the alumni secretary for fund .._>rem tion .:.s to be taken up ... n c nnection with the discussion of general assistance for financ~al proJl!Otion as requested by President Groves . The Executive Committee's resolut ... on on integration approved April 20 . 1956, and prev· ously circulated run ne; all the me11bers of the Board was presented. Mr, Lanier explained tie l acl:ground leading up to this resolution . A thorough discuss.:. n of the entire problem \TO.S held in which every trustee presc)1t ,,as cl ve11 ru1 opportunity to state l1is viev,s on the matter . �• • • ' I •• • .. • • • • • • • • • • • • • • • J • • • • • • • • �.. -2- At the concl usion of this discussion, the resolution as previously approved by the Executive Committee was adopted as the action of the full Board by a vote of 13 ayes and 4 noes . ' Adj ournmant . Sat1.1rday, June 2 Board of Trustees Meeting (Continued) The meeting was called to order by the chairman, Mr . Ike Lanier. Prayer was offe red by President Groves . Prese11t were 1'Iessrs. Ianier, !'Jevin, Gamble, Cregor, Logan Caldwell, Boles, ~I . P. Caldwell, Armstro11g, Bal'i:er, Van Winkle, Diederich, van Antwerp, Gosney, Rogers, and Lively and Miss Poynter and President Groves . Mr . Logan Caldvrell made a report for the Finance Committee concerning its meeting of Friday evening, June 1, 1956. On recommendation of the Finance Committee it was voted that the firm of Fortune, Hifner & Pc tter of Lexington, I(entuclty, be employed again as auditors oi' the College to audit the boolts for the f iscal year 1955-1956. On the motion of Mr. Logan Caldwell it was voted to authorize Mr. Caldwell, as treasurer of tl1e College, to borrow $20,000 from uninvested endowment funds on a valid pr.omi sary note due January 1, 1957, with interest at 5 per cent . This money is to be used to meet payments due on the completio11 of the work on the Emma Weisiger Art and t-iusic Building . The report of Mr . Cald\-1ell stated that the U.. s. Trtlst Cornpany has again reviewed the portfolio of the investr1cnts of the College w1 thin the past few weeks, that they feel that the College has a very high grade of securities and that our holdings in commo11 stock are still conservative . No recorrunendations therefore ,.,e1·e rnade for sale of any of these stocks. Tl1e only recommendation was ·that tl1e sale of a small amount of' debenture bonds be made and that in their place there be purchased an eqt1al amount of convertable bonds to be recommended by the U.S. Trust Company. This report was received with thanks . Tl1ere followed a discussion of the investment of the "free n1oney", the Merit Award Grant of the Ford Foundation, 50% vf which is to be paid by July 1, 1956. It was the President's recommendation that this money be invested and income only t\sed for further increases in fe.ctllty sala1·ies. In the discussio11 which foJ.lowed the follo,-1ing was presented . 1. Mr. Baker recoITmended that as a bookkeeping measure the accumulated operating deficit of the College be wiped out ,-rith the payment of the Ford Foundation merit gift in accordance with the recommendations which the auditors of the College might malte on this subject . 2 . t4r, Van Antwerp called attention to the need of a ne'\-r purpose for the Alumni Fund, and suggested the possibility of this fund being used for the • �I • \ • • • , • ' • • • • • • • ' \ ' • • • • .. • • • .. .. '. • • • • • ' • ~ .. • • • • • . •• •J • .. .. • - • ~ • • • I • • • t • ' • .• ' r • • • • I • • • • ,. • ' • • • J .. • t • • '• • • • • • ... • • • • • • • • �- 3- 94 next three ye ars fo r the comple t ion of the Vins on M m ial, and i n place e or of t he mone ys r e ceived e a ch ye ar by t he Colle ge from the Alumni Fund for operating purpos e s, the Ford merit mone y be u s e d f or this purpose . ' 3. M . Boles suggeste d the wisdom of i nve sting a ll o f t he Ford r Foundati on mone y, not onl y the basi c grant in the t e r ms s tipulat ed by the Ford Foundation t h at it be so inve sted, but also t he m r i t gr ant , i ncom e e to be used fo1· f aculty salaries . ~ 1r. Van Ant,verp moved that the For d mer 1 t award be placed in "an invested x·e s erve account" subj ect to the full cont r ol of the "c>ar d, tl1e i n come t o be used for faculJcy salaries as long as it is in this invested 1·eserve account . Tl1is 1notion carri ed . It was further voted that the basic Ford grant be j_nvested in the endowinent of the College accor ding to the teru1s stipulo,ted by the Ford Foundati_on in mal_infl tl1c c;rant, nanely that this basic grai1t "be l1eld as incone p1·oducing endo,.,raent for a mi11i1ntun of ten ;)rca1·s J after 1,1hicl1 ei_ thc1-capi taJ_ or inco111e may b0 Llscd for any acaden1i ~ needs . " These recom~endations were 1noved and seconded and voted ui1animously. Mr . Armst1'011g, o.s chairman of the T"rttstees ' Commi ttce 011 Buildings and Grounds,presented a sc1·ies of rcconuner1datio11s on necessa.1·y repairs and renovations on both tl1e me11 ' s cru,1pus ru1d the women ' s campt1s as pr·e:)ared by t l1e Busj_ness l-Ianager and tl1e Su:perinte11de11t of Bt11ldi11gs and Grounds . This report ,vas referred to the E:-(ecutive Connn"Lttee lritt1 po,rer to act, and es11ecially ,,,itl1 ref"'erence to budgeting the arnotu1ts reqttired f or tl1e most 11ecessary items for th0 next fiscal year . President Groves made a 11un1bcr of recommendations based previously mailed to ca.ch men1be1· of' the Board of T1·ustees . 011 l1in report A. That the special. conuni ttcc of tl1c Board "to determine st1ch matters as ( a) size of the College, (b) f'inancial needs , and ( c) plant, needs a11d otl1er matt,ers relating to malting tl1e job of' Centre Coll ege of Kentucl{y as a Christi~-n liberal arts college as effect.i ve as possible" (Mi11utes of Nove1nbc1· 5, .1955) ,initiate studj_e s and be 11repared to malce a report to the full Board in tl1e Fi 11 of 1956. • B. Tl1at the 1·ecorn.zr.endatio11 that the general fee charged to students be increased from $525 to $600 beginning Septe?r1be1· 1957, be referred to the Budget Commi ttce and that they l)e requested to mal~e a recor1rrnendation to the full Board i11 the Fall . That tl1e 1·ecommendations concc1'ning faculty salary sen.le als o C. be re !~erred to tl1e Budgc"'G Comn1i ttec with the r e qt1e st that they ma1-e a reconnne11dation on this r11atter to the ftlll Board at its Fall meeti11g in • .. 1956. D. On the d1 scussion of the continuing program f'or tl1c Vinson Memorial Fow1dation , it ,ras voted that Mr . J.,ogan Cald,vc 11, tl1e trcasure1·, be autl1ori zed to turn over to the trustees of tl1e Vinson Memorial Foundation al]. funds l1eld .; by the ColJ.ege ancl desj_snated for this i\1nd as soon as he recci ves notifica-• tio11 tl1at the organization of tl1e trt1stecs of the Vi11son Memorial Fotmdation has been completed . E. T11at the Building3 and Grounds Committee be autl101·i zed (a) to have �• • • • .. • • • • t • • • • .. ' - �T -xt he infin1a.ry on the "tvomen ' s campt1s relocated in the baseme11t of /:\cl1cso11 Hall, ( b) t o renovate and install closets in large roon1s i n Ce.ltlwcll HaJ.l on second and third floors, and ( c) to l1ave toilets i n the sru.1<... bt1ildj.ng l)roperly renovate d in accordance with tl1e preliminary stttdies , and plans of I,·Ir. Fred t-1organ of Nevin and Morgan . F . Tha.t the Buildings & G1·otmds Cammi ttee study the mattc1-- of converting tl1c auditor.:..um of Caldwe ll HeJ..l into dormitory rooms ru1d to report plru1s and estimates to tl1e 1\lll Board in tl1e Fall of 1956 ( see prclirainary studJ' of Mr. Fred Mor gt1.n on this i·tei.1) . G. That tl1c 1·ecommendation of tl1e p:r·csidc11t that an addi tj_o11al .oe.rson be employed to o.ssist l1im ru1d tl1e Alullmi Scci·etary with the financial promoti on of tl1c College be referred to tl1e Executive ConIDli ttee of tl1e Boa1~c1 ,n tl1 po,-rcr to act . t 1e rcco1 1e11dation of Conuni ttec :/ll} the follo,n ng tr1.1stecs ,,,ere no1ninated fo1-- the class of 1960, to be rcfe1·1·c-l t o the Synod of Ke11tucJ\.y of the Prcsbytei-·iai1 C ~u.1.--ch in tl1c U. S. Ac fol' r ati f:i.cation 011 11 r. <k-orgc Lee 'Mr . Paul G. Blaze~ 1Ir. ~Torrin Arn1s~r or.g On recor1 .me11dation of Ca mmi ttee 1'1/2.., the f c lJ.o,-r 1 lng trustees ,;.;ere nominated for the c.:ass of 1960, to b 3 1·e fe:cx·ed to tl1P. .3~,1norl o f Kcnttv~lcy of the Prcsbyteria.11 Cl1m·cl1 in tl1e U. S . 1.·or l'atifico.tion John Vatl v!inlu.c l\1r . Logan Cald,rell tv'ir . It vras voted tl1at the nominee o f tl1e Alunmi Board of Director s for the class of 1960, 11amely }.-lr. E. P. Faulco11cr, be elected. All the fox·cgoj.ng nom.inatio11s and elections were confi1·med by tl1e unani mous v Jte o f the sixteen Board members present . T11e follo~rinE; students rccommendecl by the faculty for degrees in COUl'se were approved and the president authorized to confer the degrees at the commencement exercises on June 3, 1956. James Gm--land Bland Lebanon, Kcntt1cky Janes O. Bol1anan Pe rryville, Kentucky Geo rge Grce11,1ay Bro,,111 Dai1v1.l.le, Kentucl~y (Tl1e Ycage1", Ford and Warren Accotmt~ng P1'ize ) l,llliOL1 A .lcn Buckaway, Jr . Louisvill~, Kentt1clcy \lendell Calfee 11ayncsburg, l(ent1.1clcy Jruncs 1'1cGuire Clifto11 Barbourville, Kentucl~y Josephi11c HoJ.bert Crar,1er Knox,rille, Tennessee Logan Alli son Crouch Louis vill~ , Ke ntuclc~r So.1"oh Buchan~11 fulo zicr LouisviJ.l , JCentuck~.. Al1thony Robert fulviarc o Philadelphia .,Pennsylvania Robert Louis Donlon J.,oui svillc, lCcntt1 cl~:f ( The Sa.ll)r 1/m.. field i 1_1uo1"i al Prize, l\10.tl1cn1a•"ics) Covington, ICentucky ~orgru1 Rri,ymond Evans, Jr . Patricia Aru1 Farmer Hazru·d, Kcntuclcy �• • • • • I • • • • • r • • • • • • • • • I • • • • , •• • • • ' • • • .. • ... . • • • • • .. • • ' • • .. • • • , L • • • \, • .. • • • • �, 96 Robert Erneot Fields, Jr . Jarnes R oort Fovrle1·, Jr . Jrune 3 T1:.1.y lor Frazier lvlex•ri11 Awa.rd) Rettig Arnold G1•is,vold, Jr . Birdie Dell Sottthard Hall J ohn r~1eJ_,,in HaJ.l D' nalcl Da,ridson Ifar1<i11s J ( Tl1e Ormond Beo.tt)r \villia.mson, West Virginia Danville, Ke ntucky A3hland, Kentucky (The Mary Murphy Louisvill e, Kentucky Salyersville, Kentucky Salyersville, K1.:.ntuclcy Danville, Kc11tuclcy , Cum J.Jaude Alumni Fri ze ) (The Breckenridge Jones Prize, History and Political Science . ) Isaac Stee].e Harinon, Jr . Louisville, Ke ntucky David Lyi1cl1 Hi11e s Bristol Connecticut, (Tl1e Yeager, Ford and Warren Accountancy Prize) Gm·land l·]h.~ tt }Ioward Allen, l(~nt1lcky Jmaes Lee ~Iow·1rd I.ouisvi.lle, Kentucky James 1c,.,-1s Ho,.,e, III Pl1iladelphia, Pcnnsyl vania I<cn..rictl1 Ra:v J1.ggcrs Prospect, Ke11tucJ~v Ja.mcs Bt1ckrnnn Joh11son Crest-;vood, Kcntucl{y He nry A-ll~ ~ J oi1es Pai?:t.sv.i. i.le, l(211tucl~y Joh11 Olive.r Jo11es Po.i.,,,taviJJ.~, Ken.-·.ucl\.y NancJ' Carol Kite O'Ban.nor. J Kentuclcy *Joh11 Cal \".L11 Kreamer, III Danv5.l~c, Kentucky James Eclma.rdt Ku1·z louisvi.:1.lc, KcntllCk)r, Cum Laude ( The George l'1ii1ato11 l·lelsl1 Vn.i edictorian Price, Men's 1x=pa1·tme11t . ) ( Tl1e Pre:--tor1 Carter Chcmist.r 1 i'r·i ~e) (T11c lie.i.so11 Allen Cl1emistry P \1a1·d) .. Nancy Carolyn Je.11· Renfi•o ValJ.cy) Kentt1clcy Edward Jvllcldleton LaMottc fvlaxton, I~ortl1 Carolina *Jruncs ~1. I.cc Shelbyville, Kentucl~y Charlotte Ann f!u-ffmai1 J.,ippcr·t, Dru1villc, Ke11tucky Curtj s I1cCall Louisville, Kentucky John \·/illis McClellan, Jr . Ha1·1·odsburg, Kentucky Ralph Thomas ~1artin Ft . Thon1as, Kentucky Cu1·l Gentry Moore Ancl1orngc, Kcntucl<y Robert Withers Nichols Danville, Kentucky Joseph \Jeslcy Pollard Lru1castcr, I<entucky J . R. Postlctl1wcigllt ~1ario11, Kentucky Cornelius Pt1eh, Jr. Montclair, New Jersey ( The Owsley Rochester Memorial A,,ard) *Jo Frru1ccs Gates Purdom 1lshJ.and, !Centuclcy Virginia Tull Racland Danvill e , Kcntucl{y, Mag11n Cum Laude (Tl1e John W Yc1·kcs Prize, English) . Z..lary Beauford Reeve a Asl1la11d, Kc .. tu~]cy t'1argaret Kngir1 Rucker \·linchc:,ter, l(e11t.ucl(y Louisville, l{entuclcy, Cwn Lc.ude Bul'.·bara Jean Schmied Virginia Stuart Schwegel Louisville, Kentucky Gene Douglas Scott Louisville, Kentucky Mory Susannal1 Sherman Loui svillc, Kentunlcy Jol111 l-l. Spurling Louisvil:le, Kc11tucky Carol Gene Strey Louisvil:i.c ,Kcntuc)cy lv1ary Ann Stldduth Louis ville, Kcntucl·y fuan Ray Tilley Louisville, Ke11tucl~y Maxi11e Tl1rnage Gul~ort, Mississippi, Summa Culn Laude (The Gavin Easton Wiseman Valedictorian Pri ze, \lomer1 's D:?1)artrnent) ( The Emily I{. Cowan Memorial Prize , Englisl1) �• • • • • • • • • • • .,. - ' • • • .• • • • ·. • • • • • • r " \ '- \ .. .. .. • ' • ., ' • ,, • . .. .. , • • . • • I ' . .. "'> • •. • • • -' . • . •• .• ., • .. , • • • • • •' .. • • •• .. ' • • : • . ... •• I I •• , • •• .. • '. , • • • .. \ • , • \ • • • . • ' • ,' \ \ • . - l .. .. .. J •• l t • • ••• ' \ . • \ ' • �• *Ma.rgucrit e Anne West Danville, Kentucky, Magno. Cum Laude (The Ge orge C. Young Engli s h Literature Prize) Ro bcrt Eugene 1·lhecler Ashland, Kc11tuclty * Complet ed requi:r e111cnts f or degr ee , January 1956. CO MPLETING WCRK FOR THEIR DEGREES --Augus t Sru.l i c Hunter l'--1 co.de Ho,.,ard J a.nc..t J o11cs ( Tl1c G raves Gri ffi t l1s Ur ban Ferdinand Myers,III J runcs Ed,ra:rd Quisenber ry J olm Tuller Russel l Jc.cl~ Clair l~il11clm Sydney Gordon vlilshire , J r . 1956 Denv i l le , Kent u cky Bt1rlingto11, Kent u clty Prize , Ancient Languages ) Dundee , I l l i noi s l'ilorcl and , Ke1 1tucky Louisville , l(entucky Glasgow, l(cnttlclcy Ft . Thomas , Ke ntucky On 1notio11. all officers of t he Board of Ti-·ustec s were re - e l ected unanimously. (_!; .., • · e,.,, r- >-e c.i Io ,. ,. 1I .,, , t. .. -r ) • ' • • Adjournment . • I F. Pierce Li , ..c: ly Secr etary I • �\ • • . , �9R June 8, 1956 ' Members of the Board of Trustees Centre Collec;e of Ke11tuclcy Dear Fl'iends: Througl1 an oversight the names of seve1'al members of the Boa.rd who ,.,ere preser1t at the Board of' Trustees meeting on June 1 were omitted f'ron1 the nlinutes of that meeting which were mailed to you o. day or two ago . In addi tio11 t o those mentioned the following were present and should be added to the minutes : ~lessrs. Blazer, G>sney, Ccllllpbell, Balcer> Van '1lin1cle, Creger, Van Antwerp and \-lachs . Lilce,- isc the i ten1 on page six with reference to the election T of officers of tl1e Boo.rd of Trustees for the period 1956-1957 should reo.d: The Boa rd reelected Mr. Ike Lanier, Chairman, Mr. Pierce Lively, Sec1"eta.ry, o.nd ~fr . Logan Co.J.d1-rell, Treasurer. l·lill you plea.se rao.ke the changes on your copy of tl1e minutes in accordance with the above . Vcry_§incerely yours, (,.- ~ , v_,,(_l!,/U-(_ ,, ,, Pierce Lively(/? Secreto.ry .J'-1 I • �' • I .. • • - • ' • •• • • •• .., ' • \ I • I .. . . ' • • • • I (' • • ' • .. , I . • • ' I• .. • �• '\ . . 99 ' • 'I Minutes . .. · LIVIIJG E'tlD01~1filrr .. , To A 30,1953 pr. To Apr.30,1954 To Apr. 30,1955 · To . .. A pr·. 30,1956 (Unrestr icted', • , Budgeted f or 1955-195, . INDIVIDUALS - . $16,150.85 '' ;11,946.62 $13,409.31 $17,090. 00 $15,000.00 - • ' PRESBYTERIAN CHURCt1H s U. S. A. PRESBl'.'l'ERIAfl BOARD U. S. A. 5,463.18 4, 589. 77 5,849.48 6, 342.98 1 , 000 . 00 5,957.14 7,073.76 18,434. 04 18,227.00 18,000.00 13,862 .85 9, 427. 31 13,142. 06 9,720 .00 16, 000 .00 . SYNOD OF KENTUCKY U. S. . . • SCHOLARSHIPS 6, 505. 50 13,134. 50 13, 323. 00 12,375 .19 12J500.oo KI CF 6,300. 00 8,000.00 10,000.00 13,000.00 12 1500.00 $54,239. 52 $54,216.96 $74, 157. 89 $76,755 .17 $81,000.00 rr-ri•ALS • -- ...,. _________ --a buiJ.ding as new as t}1i s building is, v1j ·th a 1·equest for a conference to 8ee ,.;hat can be done to determine l)oth tl1c cause and l'·esponsi bility for tl1is con• dition . �• • , • • • . • • • • • • • • • • • • • • .. • • • t > • �\ ... ' 'I Minutes Executive Committee Meeting July 6,1$56 The 1neeting ,-ras called to order by Mr . Logan Cald,vell, who acted as Chai1~1nru1 until the arrival of Mr· . Ike Lanie r~ Prayer ,.,.as o f f ered by Preside11t Groves . Present vrere Messrs . L. CaJ_clwell, Arntstrol1g, W P . Caldwell, Wa.cl1s, . Campbell, Lively, Van \!inl:le , Gosney, and Lanier, and Preside11t Groves . The nlinutes of Jui1e 1, 1956, were appruve d as mi1neograpl1ed and circulated . A report f:rom the admis[;ions of'fice ,,as read sl1owing tl1at a ·total of 220 11e,.,. stude11ts are registered for September , J.956 , in com1)ai~ison with 190 on ·che same date a yeai.. ago. Mr . Ari11car made tl1e repo:ct o:C tl1e B,1s:i.ness M anager f or fisc0.l operationa for tl1c ycru." th1~0 1Gb l,tay 31,1956. It was ,,oted to accept ar1d file tl1is report . ( See copy at1>acl1ed) . President Groves re.LJorted tl1e recei1Jt of t,;.nJ checks from The Ford Foundat ion, 011e in the alnow1t of· $'/0,000 fo1· tl1e i~irGt payinen·b of the basic grant, and e. secor1d fo:r $1~0, 000, t!1e first pa.yment on tl1e 1ne1·i t grant, both of these grants l1aving been announced by tl1e Fou11da·~ion 0 11 December 12, 1956 . I ·t was also 1·epo1·tetl t l1~.t the covel·ing J.ettcr· ,..,;rhich accompru1ied these cl1ecks made ruentio11 01· tl1e fact t,liD.t fo1.. most colJ.eges, tl1e seco11d checks t o be received ap_1ro:d.mately Jttly 1, 1957, vrould be the saine cunount of these first checl-.:s . Thls .nea.11s that tl1e cotaJ. to be received by Centre College of Keniiucky may be j n the ne:i ghborl1ood of $220,000, z•ather ·tl1ar1 $182,800 e.s first announced by the Ford Fow1datio11 last Decembe1· . Preside11t Groves also 1:e1)orted that a letter to Mi-·. ~1cDru1iel, Sec1·eta1~y of the Fotlndation; t.1anJ(ing the Foundation for these gi1'ts had been se11t, j_n wl1ich me~1tion ,...,as n1ade .,chat or1 the basis of tl1e it1spiratio11 of tl1ese grunts, the Boerd OJ... 'I rt1 s t.ces of' Centre C llege of l(cntuck;y had already voted increases of salaries 01· some $llt ,Boo to thirt:,'-th1·ee diffe:rent 1nerubex·s of ·the f aculty for 1956-1957, as COlll)_Jared ,· t11 tl1ei1· salm--ies ir1 1954-1955 . 1 After l1ear1.ng a report Ll"om P1·esj dent Grov~es tha t tl1e coots fo1· putting the pool in ol1ape and j_r1s-'calling the filtering s~,rste1n necessa1--y for the s,-.r ~mming pooJ. in tl1e gyim1asium in tl1e 1-101nen I s college \-TOtLld amount to approxin1ately $10,450 or n1ore, it ,1as vo t.ed that ·tl1e pool be per·1nanently closed and the vrl1ole idea of a G\-rinuni11g pool laid on tl1e table u11til tl1e college can raise sufficie1 funds to install a p1,oper· pooJ. 1· pools . 1t After a furtl1er repo1·t co 1cerning the 11eed for t1.1clt-pointing of the sotlth ,-1all of the Alwnn1. Me1nor1.a.l BLlilding, i·t ,,1as moved and carried that tl1e secretary write a lette:r to the a1·chi te ct wj tl1 a copy ·to the cont1·actor, po111ti ng ot1t tl1at the Execu·tive Conunittee i.s not satisfied with tl1e situntio11 .in a building as new as tl1is building is, \1j ·th a i-·equest for o. conference to nee what can be done to cletcrmlne l)oth tl1c cause and 1·esponsi bili ty for tl1i s con• dition . - �• • ,. .,. • • • •• • \ �... -2- :ton \•li th regard to n1ovi11g tl1e infirmary from tl1e second floor of Caldwell Ilall to tl1e basement of Achcso11 Hal.l, i"'c was voted that these impr ovements b 1nade 011 tl1e basia of the cost-plus contract at an estimated total of $5,545 . 00 . as per tl10 le·tte1· of Mr . Harold T. \·lood, of Ifar1--i.s & l{ood, of Jul~, 3) 1956 , and that tl1e cost for t}1is rc11ovation be amortized over a }:)eriod oi' five yt;ars, wi tl1 the money to be advanced from endo,nnent funds, if that should prove tc LL necessary. \Ii th rege.rd to installa.tion of closets in the rooms of the second and tr ird floors of Caldwell HaJ.l , as proposed by Mr. Steiger , it was voted that tl1ese instnllatior1s be rnade only aftc!' appi·oval by the Buildings and Grotlnds Corumi ttee . It was voted that a11thorization be given to t-1r. Arnicar, t.he btlsiness ma..l'lage1', t o spend up to $1,500 1·or tl1e purchase of new furniture for the vro n I s dormitories . 1v11... \1. P. Caldwell reported on the installe.tion of tl1e ro~d,-10.y on the 1.;01ncn' s carnpt1.s betlree11 Lexington Street and the gyr1masi1.lm by Mes~i·s. Horl\.)' & Nicholsen at a cost of $1130 . 00. t,1r . Lanier appo.:.ntcd a committee of Mess1~s . Lively, L. Cald,, ell, and 1 Fa"llconc:c t o coni'er with the City of Da._11ville concerning the 1no,ttcr of ~1ew water rates charged by the city to Centre College of Kentucky to see whether or 110 e.n arrangemc11t could 11ot be made whereby tl1c College ,.,otlld 1..ecei ve a reduction in rates . P1·esident Groves aJL'1otu1ced the commi ttec on ti1e si2.e of tl1e college, needs for phyoical plant, etc . } as appoi11ted by tl1c cl1ai1·1nan , ~lr . Ike Lanier, as follows: Mr. Lisle Baker, Jr . Chai1·man, t•1ess1.. s . .L\rr,1st1·ong, Van Ant,1e1·p, Benfield, Li v~ly, and Mr . Lanier, ex off'icio . President Gr·ovcs 1·eportcd his reconuncndation co11ce1·ning the eniployment of ail assistant for financial promotion of the College . r,,11.. . Lanie1" ap1)ointed a connni ttee consisti11g of t-1essrs . Campbell, Groves, and himself, to meet ·w1.tl1 :rtir. J ohl1 vl. Frazer to explore tl1e p()ssib~J.itics of his accepting this rcsponsi bility in ac1di tio1 to stu~ent p1·o!notio11, he to be relieved eventualJ.y of his duties as registra.1· . The request of tl1e Kc11tucky Home Mutual Life I11surance Company to issue gift policies with Ce11tre College of Kcntllclcy as beneficiary ,vas rejected . The project fo1· ~he painting of a port,rai t for Dl" . Robert J . Mclvitlllen, president of the college bct,!ecn 1944 and 191t6, at a cost of' $150, already dona..,ced by a member of the class of 1905 ,,111ich vras Dr . tv1c~1ullen I s cla...,s at Ce11trc College of Kentucky, vras approved. It was voted to agree to the 1·cqtlest of tl1e Department of Econo1nic Sccttri ty for a reloco:'cio11 si tc fol" tl1eir centrcl office in tl1e case of a natio11al crne1·gency on tl1e undc1·stnnding, first tl1at j t be a national eme2:gency propc1"ly declared, that e..ny hea,ry machinery be moved to tl1c base1ncnt roon1s cf tl1e Alunu1i Jvtemorial Building, and if other roo1ns in the gyinnasi urns a1·e required for lishter equipment that these rooms he made available with proper - �- •• • • • �1.01 assurance that the playi116 floors oi' the gY)nnasiur11s ,rould be protected by necessary coveri11g . T11e rcqttest of the Louisville Alunmi that the football gan1c scl1edul ed for October 6, 195G, w:i tl1 ,,1asl1ington and Lee be played in Louisvil le ,-ras denied on the groU11d that conuni t1ncnts already made ,1ith ,1ashington & lee to play the grune :Ln Danville make the n10ve at this time impossi bl c . The quest~on of limiting the ttsc of college i"aciJ.i tl.es for stmuner chttrch con1"crcnces lTas discussed . On motion by M1·. P. Cald,.,cll, it was voted tl1at all conferences to be l1eld at Centre CollCf;C cf Kentucl~y a1.. .tcr September , 1956, be l''equired to have the appro·val of the Boa.rd of Trustees . ,1. On motion by ~Ir . Campbell, it ,ras voted tl1at conferences by the PrcsbyJcorian Chtu"'ch for 1957 be rcqtlired to be corapleted on or before July 27 ,1957, so tr1at tl1ere could be sufficient interval t o do tl1e necessary renovation r~d cleru1ing in the dormitory roo1,1s p1·ior to tl1e openi11g o f college in September . further ruotio11 by Mr. Campbell , it \-Tas voted that con ferences to be l1cld at Centre College in 1957 be those selcctcc.1 1:y the Presbyterie.n Chu1~c1~cs · r1 ·tho U. S. and U. S. A. so J.ong as those confcr(..nccs are completed as indicated in the foregoing motion by J u.ly 27, 1957. 011 It ,-ras voted to have a meeting of the Execttt:l vc Conuni ttee in August only if x·cquired and ce..llcd by tl1e Chuirinan . Adj ou1:·rl!11cnt . Pierce Lively Secretary �\ • • • • �CEiiTR.E COLLEGE OF KENTUCKY Balance Sheet Statement - Oper ati ng Fund ASSE'l1S Curr ent Funds A. General Fund Cash in Bank Petty Cash ]\ind May Jl , 4 442.,22 1 .. 450 00 . 5,892 . 22 Notes Receivable Accounts Receivable Due f r om other funds: From Evans-~un1rall Sch . :E\md From Farris Fund Gener al Sch . ]\ind 178"50 12J655,.46 __ ~ 260 Q.Q lJ ,0?J .. 96 Deferred Expense Inventories Prenaid Insurance • ~ tal Assets 298.,59 15r749.18 26,992,32 Gc;,581.54 LIABI LI TI ES Curr ent Punds A. Ge11eral Fund Accottnts Payable Accrued Salaries & .lages Federal Taxes Withheld Social Security i'a..~es \'Ii thheld Hospitalization Insura nce Salary Savings ,'Ii thheld State Taxes ~fi thheld Borrowed 1-foney Due other Due to Due to Due to • l i: 95l oJ9 14,507"69 4,246c67 774~ 72 228.67 1J6.88 467.08 23, 500,00 45 , 813.10 funds : Building Fund Prize Fund DKE House Fund 62 . 19 2,334 .55 171,60 2 ,568.J4 Prepaid Charges: Boa.rd , l~u I s Dining na11 8,746.45 10,112.50 Board, ~!omen s Dining Hall I 18 ,858.95 Reserves: Athletic Deuartrnent ... Research Program Gifts for Designated Purposes 290.48 J,078.28 11,181.9) 16 ,5.50 .69 Lichter Foundation - Student Loan Fund Surulus - Deficit Account .. Accumulated Operating Deficit Operatine Gain a t May Jl, 19.56 • 1956 s ,000 . 00 88 ,791 . 08 58,274:J6 JS,064.82, 23 ,209 , 54 ~5 .581 , 54 �.. :• ,.. ... • • • .• .-, .. • . ' • • • ~ • I • • • •• t ' • .,. .. ~ , J .. • • , • .. .. • • •• .. , I • • • .. I .- . ,. l • •• • •.• \ . - • • •• ·\ .• - : t • ~ •• ~ . I ,. ' . I • .!"~ ~ - • .. • • .. •• ,' .. -., ·- '\ ' • \ I• \ • J •• •• ~ .. ~ ( ' . ... • •. . , ' - .. • .. • i ( • • , • • ' t r- • ... I • l • .. . • ' ... .. • ., '. ~ • .. ...••I...,• • [,. l. ... • •• • • I ,- ....,. '• I I I l """' ,. ~ ,..•... -.. ·• ,. ) • '.• •• • •• • .. .. . : • • • • . r ., " • "t . •I •l • . ... • • " • �1.0~ , CENTRE COLLEGE OF ICENTUCKY Statement of Income and ]h:pense Operating Fund :Educational & General Auxiliary Enternrisea Residence fulls , ivomen I s Dept. Residence Halls , Wiseman Residence Halls, McReynolds Residence Halls, Breckinrtdge Centreville Dining Hall, \•!omen ' s Dept . Dining Hall, 1,fen I s Dept • Tea Room , ''/omen I s Dept . Coffee Shop, l-Ien I s Dept . Bookstore & Postoffice Income May Jl, 1956 E]fJ>ense 343,836,?Q 269,151.9? 22,389.00 4,485,00 J ,255,00 10,293 ,BJ 6,169.37 1,362,42 2,328.09 12.510.55 2,001.19 1,222.28 8,134.02 s.22a.09 109.ao J08.41 23,219.24 ?J,94o.16 21,068.31 50,164.44 Other Non-Education~l Gifts Student Activities Haa.lth Service Athletic Dept ., Men Scholarships & Grants in Aid Other Income Endowment Real Estate Public Relations Office AJ11mni-ae Office Bus Service Housemothers, Fraternity Houses Central Stores Warehouse Wiseman Annuity 40,266.4.3 J,690.00 2,010.00 10,784.74 11,191.70 4,213 040 2,198.08 12,485 .4o Canita.1 Outlays Young Science Hall Women's Dept., Heating Plant • See Schedules Attached 1,.331.98 18,761.55 75 ,51.3 .63 ll,OJ.5.J6 72,156.27 Total Income-Total Exoense .. ~cess Income over ]lxpense J,800083 1,880.0J 1,165.00 9.51.94 1,250.00 lJO,J7J.8o J,051.10 1,925,00 4,976.10 489,933.13 454,868.Jl 35,064.82 �• i / • • •• • • I • f • ' - r, ,'' ...... , • C • • • " 4 • • • .. • ' •• • .. . • 1 • • • • • .) • • • ' • • ' ' \ • .' , • l • • t 4 '( • • , • ' ... ,. ,. • •• • , • "; , • ,\ , • t j~ • • • • ., • • . • • \ • • • I 4' • .. • • • • ... C • • • •• • ' r· : , • • • ' .., •• ' .• • .. • • } .· • ( • • .•• .. , • ' • • ; • • • , • • • , ... •• • ,..-- ' \ "l I \ • , , • ... t • :• • ., •• •• ► ' • • • • •• • .1 • . '· . • '' • .. . .. .. • , .. ! ' ~ \ ' I ) \ • • •• • • ' ,• 1 J • • t : •• l ' • • • .•. . • f • ' ' • •• • • • • •• • • .. , 1 • • ,• 'I' •• • ~ " • • .• I • ,. , ' l .. •'I . .. • ' .' ,· . I • �:10Ll , May 31, 1956 Schedule A &iucational & General Student Feea Tuition & Fees Othe".:' Fees Income • 200,905096 1,901,0Q 202,806.96 ]lndo\annP-n ~ IncomP. Unallocated Endowment &.rnings Real Estate Income , Unrestricted(Gross) Restricted Elndo\'llllent . 53 ,l68p96 18,303.38 ZB,860,3z 100.3.32.71 Gifts-Church Boards Synod of Ky. U.S. Board of Christian Education, U.S.A. 12,960.00 18,277.00 31 ,237.00 !\ucational Related Vocational Guidance Research Progro.m 1.460.0.3 a,000.00 93460 , 01 Total Educational & General Income 341,836,20 Sch0dule 13 F,d,1r.a tional & General .Bkpense Administration & General President 1 s Office Business Office Trea su.rer 1 s Office Dean's Office Begistrar 1 s Office Dean of Students Doan of Women Admission & Student Promotion General laxpense Board of Trustees Inetryctional Exnenaq Instruction Library Operation & ¥aintenonco Totnl Instructional Expense • . 12.752,90 9,438.69 4,J48~1 5,102 ,Jl 5,566 ,)JO J,427,69 3,562~70 lJ, 7941112 9,065.45 875.06 • 133 ,642 ~31 ll,90J,.40 55,874,83 • �• •• • • ' .. ~ ' I; • • - · .. •• • • • • . ' ·-· .. - • • l . • • • ., • - .. • • • • • •, . ,• -.. . • • ' • • • • • I I • I ..•, ., •• • :• • • 'l • f .. • • • •• j ~ • •• • .. . ·r.-..) • '· • .. . ... ,1 •. ,. • •• • .... . ., .. ., ., • I • .. , . I•• : .. • ., ..• - '..' ' • • • i- ' ..... -· , . . ·- ' .• .·> :• • .. • I • .. • , •• \ • I l .-' • • • • r ·, . t • r ... .•' • ,• .. .. ... • r • ( • ' I I •• \ • I , I • , • .• .. . ' l.. ' • ... '-. : • • , ... . ) ,r : -. • - ·· . t • J ,. • • . • • '· I' • ..' • ~ l I I ~ , • • r · .. . . i' • "' J • \ ~ • ·- • • I - - - ·•I • •• - •\ -• ,., • I .,• I , • • • •• • . .. ... I ~ • -··· • • • ." \ .• • l . ..,... • I • - .:.. • • • • • :" • .. • r t ••,!: • • : • • • { \ :- • y • • • ) • ) • I • ('· . . .... (,• --~ ..'" . ,__ • !. • • r .' • ., '' • • • ... ..- .. • • • , • "l • • • • • \ • • \ .... .. \ ,. ...• -t ' ,, .. .. .. • ' • • • • .. . ... •• ..' , " j : • • I • 1 V .• .. I ·• - • •. ( , . .. • • ... - ..- • • • • ~ . . .. • • • • ) ~ I • f"- • •,..• '• • • ·~ ~ • ,\ •• ' ,. -~ . .... , ' • • ... • I I I �• CENTR.2 COLLEGE OF ICENTUCKY Budget Comparison - Opcr n ting Fund Bud.go t INCO!-lE Student Fees Gener al Fees Other Fees En<lo'vnnnn t Unres tricted Real Dstato , Unr~strictcd (Gross) Restrict ed Gifts - Chur ch Bqnrd~ Synod of Ry . U. S. Bd. of Cl1ristian F.d ., U. S ,.A . Quota Over 5-31-56 1955-56 Realized 5-31-56 (Unde,r) • 204,215,00 1,285 , 00 205 ,5 00 , 00 61 ,500.00 20 ,947 . 00 20 ,140 ~00 102,787.00 • 197,125.00 200 ,905 ,96 224,oo 1,901,00 198,089 . 00 202 ,806 ,96 SJ,168.96 18 ,468c 18 20,340,00 91 ,977,34 .53,168.96 18,303 .38 28 , 860 .37 100 ,332,71 J ,780,.96 917.00 4,717,96 . oo (165 eOO) 8 , 520 ,J? 8 ,355 i3·1 . • I F.du~~tionnl - Rnlated Vocational Guidance Resear ch Program Auxiliary Enternrises Rosidenco ~11 , \'lomcn I s Dopt. Besidence Hall , 11isema.n Residenc e Hall , Mclleynolds Residence Hall , Breckinri dge Centrevi ll e Dining a1.11 , \·/omen I e Dept . (Net) Dining Hall , Mon ' s Dopt. (Net) Tea Room , \'/omen • s Dept. ( c t) Coffee Shop (N~t) Bookst or e & Postoffico 16 , 000 . 00 18 , 000 . 00 14, 000 , 00 12,760 .00 18 ,000 . 00 30,260 .00 31 , 037,00 . oo 277 . 00 ???.00 1, 000 . 00 11, 000 . 00 12 , 000 . 00 1, 000 . 00 8 ,000.00 9 ,000 .00 1,460. 03 8,000 , 00 9 , 460 , 03 460.03 . oo 460,03 22 ,635 . 00 4 ,360 . 00 J ,375 ,00 11 ,860 !'00 6 ,500 .00 3 ,100. 00 2,412. 00 190. 00 945 . 00 20 , 500 . 00 75, 877.00 22,185 . 00 4 ,360. 00 3 ,375 .00 11, 860 . 00 6 .037 .50 3,100 .00 2,412 . 00 156 . 00 756.00 12,760,00 18r?.?7 , 00 • 22 ,389 . 00 204.oo 4,485 , 00 125 . 00 3 ,255 .00 (120.00) 10, 293 , 83 (1 , 566 .17} 6 ,169 ,37 131.87 1,362 , 42 (1 , 737.58) 2,328 . 09 (83 . 91) 109 . 80 (46 .20) J08 .41 (447 .59) 77,480.74 23 ,239,24 ?J ,940,16 ,oo 34,500.00 .oo 3,690.00 2,010. 00 9, 820 .00 11,191.70 4,150.00 65 . 361,?Q 40 ,266 . 43 5 ,766 . 43 . oo 21 ,219.24 Other Non- Il;lucational Incom~ Gifts Alumni-a.e Fund Student Activities Heal th Service Athletics, Men ' s Dept . Scholar ships & Grants Othor I ncome Total Income 34,500 . oo 18,500 . 00 J ,690 . 00 2 I 010 ~00 9, 820 !00 28 ,500 .oo 2. 800 , oo 102,820 , 00 532,984.oo .oo J ,690,00 2, 010. 00 10,784.74 11 ,191,70 4 ,213.40 72,156,?.7 .oo .oo 964.74 .oo 63.40 6 , 224.s2 �• • • 4 f I - , • , • •• ' ,., ( �• CENTRE COLLEGE OF KENTUCKY Bu.dgo t Compar ison - Operating ]\md • Bud.get 1955-56 EXPEi~DI TURES ~ Admin.if~r ktion & Gener al President's Office Business Office ireasur er ~s Office Dean ts Office Registrars Office Dean of Stud0nts Deru1 of 1·1omen I s Offi ce Admissi ons & Stu. Promo tion G ener '1 l Exoense • Board of Trustees 16 , 091 ,50 121195.00 5.,710. 00 5,520.00 6 , 125 . 00 4 _275~00 4,602 .50 15 1455 .oo 13,735~00 100,00 83 ,809 . 00 Instru~tion.q,l Ins tructional Expense 178~936.,94 141-945.00 67~611..,90 l0r9;.8(.QQ 272.411. 84 Libra:ry Oper ation & Maintenance :Ehdowment Beal Es t ~te - • Auxiliary Entor~ri ~P8 Residence Halls, 1-lomen 1 s Dept . Residence Iiall 9 l-lisernan Residence I¼l.11 , McReynolds .Residence Hall , Br eckinridge C entreville Bookstore & Postoffice Hous emother s , Frat . Houses Central Stores \larehouse W iseman Annui ty ,, va;pi tal Outlnys Young Science Ii'lll ~omen 1 s Dept. Heating Plnnt fotal Exncnse Budget D~fici t for 1955-56 3'1d€et Deficit ot Mny Jl, 1956: 5-31-56 12,068.62 9,ll.U5.25 4,282,50 4,140000 4,586.25 3,206.25 J ,451,,87 11,591:,25 9,401.25 25.00 61 ,942 .,4 (O ver) •pended 5_,31-56 Un,de;r 12,752!90 9 , 438 ,69 4,J48 21 S ,102 ,.31 0 S,566,30 (684 & 28) (292 044) (65 . 71) (9621\31) (980,05 ) (221 (144) (110 . 83) 3,427 .,69 .3,562p70 lJ,794)12 {2p 202o87 ) 9,065.,45 335o BC 825 •06 . (Boo .~) 6z , 23:3 43 (5, 284al~) lJ0r202.?0 11 r608,75 52 ,383 .,93 10 ,.128 0 00 204' i?3 118 • lJ,695~00 2n?64 . oo • 11970.,00 8,739,00 6)500.00 19 ,4'75 .Q.Q 5.3, 14'i c 0Q OthAr Non- Ed.11ca.ti onal ExnenRe Public Rela tions Office , A]11rnni Office Student Activities Heal th Scrvi c ~ Athletic J)eT)t. Scholar ship; & Grants Bus Service Quota l l ,64loJ6 2 , 487060 l,6lln81 7,150 ,. 00 5,175~00 21 , 068.31 42 .134 . oe 2 , 920. 00 15,455 . 00 J.,690 . 00 2 , 010.00 16 , 047, 00 76 , 000 . 00 3 , 020 . 00 1,800 . 00 1,235 . 00 2 ,500. 00 124,677,00 116,257.00 3 , 051.10 3,051.10 2 ,190 . 00 11,591.2.5 J,690000 1,410. 00 16,047.00 76 , 000 . 00 1,987.50 1 ,165 . 00 926 . 25 1,250.00 1,925 . 00 4,976 ,10 4 , 9?q ,10 539 , 016 . 94 4J6 ,6J9 . 80 (6 .032.24} 1,925.00 12,510.55 ( 869.19) 2 , 001.,19 486 .41 1,222 . 28 389 .53 8,134. 02 (984.02) 5 ,228.09 (53 . 09) 21 , 068,31 _ ___,O_Q 50 , 164. 44 (1,030.56) 2 ,198 , 08 (8.08) 12,485.40 (894.15) J,800o8J (110.83) l ,JJl . 98 ?8.02 18 , 761 . 55 (2,714.55) 75,513.63 486 .J? 1, 880 . 03 107.47 1,165.00 .oo 951 "94 (25.69) 1,250,,00 . 00 119,338,~ {3,081 . 44} J,051!'10 1,225 . 00 4,926 , 10 . oo , 00 , OQ 454,868.31(18,22 8 . 51) s,2 .984.oo (1,164.16) .. �-2- :10R Hr. Van Antwerp go.vc notice of a f'urtbcr proposed oaandmcnt to the C:m,.rt;• :and Aa:reement to provide the.t the she of the Board be increased f'roc,. twenty-four reobers to tvcnty-eight, that four t:'~mbers be chosen f'roo a. list subraittcd by the Alwnni Associntion, four f'rom a. list subnitted by the Alu=nee Association, four from ell.Ch Synod and t\o'tllve froci the eX.:stin.., Board r.X?mbers, and that the Executive Committee be increased f'ror:i the nu:-..lwr pruposed by Mr , 13Elkcr from seven to nine. Mr. Lanier reo.d a resdu t ion of the directors of the Centre Collec;e c1,1b of Louisville B.Uoptcd ,)ctober 23, 195.;, which requested that the ,·:te on the prcposed amenili.!ent tc the charter of the C-:_llc:;;c as prcaent'?d by t;1cComittee on Rela.tiom; bet;iecn the Colle ge ::-"Id Synod :le ceJe.:-;-cd until t!.e Sp:rill8 meeting f 1957. Thi.:. letter ii; to be acl::uowlcdge·l by the secreta.r:,·. On motion the Beard {.'f Trustees adjourne..:i. sl~~ di~ at 5:35 p.m, ,~nt~'l.l Time. st::ind.ru-d F. Piere, Secretaz-:, Lively ��• ... .•. • •• • ' •• • •I ... • • • • • • .. •• • • • , ' • \ • .. .. • '. • • ... • • . .. ' : • , •· j • I • ••• •• ,. • • ... .. I, '""' .... . l. • -• .• • • • • •• ' ..: • . I • I • ~ • I . •• I ~ • • I • I • • \ • . • ., I .1 ... • • .. • • • • • • • • ' • • • • • f .. • • • �-2- Mr. Van Antwerp go.ve notice of a. further proposed amendment to the Chartr•r and Agreement t o provide that the size of tl1e Board be increased i'rom twenty-four members t o twenty-eight, that four members be chosen from a list submitted by the Alumni Association, four f'rom a list submitted by the Alumnae Ass ociation, four from each Synod and twelve from the existin~ Board membe1·s, and that the Executive Commj t tee be i ncreased f:rom the ntuuber pr oposed by Mr . Bal(er 1roL1 seven t o nine . Mr. Lanier re ad a resolution o f the director s of the Centre College Clttb of Louisville adopted October 23, 1950, ,,rhicl1 requested that the , ..... te on the pr oposed amendme11t to the charter of the Ccllege as presented by t~10 Comn1.it t ee on Relati o11s bet1reen the College and Synod be defer1:ed tmtil tl1e Spring meeting o f 1957 . This l etter is to be acl:no,fledged by the secr etar·y . On motion the Board of Trustees adj oUl~ne~ sine di~ at Standard Time . 5:35 p . m. ,Central F. Pierce Lively Se ere tar~; • �• • • • .. �ANNU.~L REPOHT OF THE .BUSI:NESS it.Mt G ER CEl'lT.RE COLLEGE OF KENTUCKY Fisc_1 YE!. R ~NDZO .t~UGUST 31 , 1956 : I ndex Transmittal • • • • • • • • • • • • • • • • • Oper ating Fun<! Ba.la nce Shee t St a t ement. • . • • . . • • Sta t ~ent of Income . • • . • • • • • • • Statement of Expense . • • • • • • • • • • Condensed Compar ative Ba.la.nee Sheet . • • Condensed Compar a t ive - I ncome & ~xpense. Endowment Ear nings - Pooled Secur i tie s . • • • • • • • . • • • • • • • • • • . • • • • • . • • • • • • • . • • • • • • • • • • • • • Endo\•rmen t Funq Bala nce Sheet Statement: Assets • • • • • o • • • • • • Liabi l ities . • • • • • • • • • Pooled Endowment. • • • • • • • Endowment .Heal Estate • • • • • I nvested in Coll ege Pl ant • • • Mary D. Syno tt Bi ble Chair. • • Funds Hel d by Special Tr ustees , Building s • • • • • • • • • • • Gener al Endowment • • • • • • • Endowed Chair s . • • • • • • • • Pri ze ]\mds • • • • • • • • • • Scholarship Funds • • • • • • • Annuities Funds • • • • • • • • Gener al Restr icted Endowment . • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • ••••• • • • , • • • • • • • ~ , • • • • • .• • • • • • • • • • • • • • • •• • • • • • • • • • • • • • • • • • • • • • • • • Gifts t o Endowment, f iscal yea:r 1955-56 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Page§ 2 - J 4 5 6 7 8 9 10 11 12 12 12 13 lJ lJ 14 14 14 15 15 15 15 - 1 - • �.. • • - • • • • • • .. • • • • • • • , • • • • • • • • • • • • • • • • , • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • r• • • • • • - • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • ' • • • • • • • • • t • • • • , • • • • • • • • • • • • • • • t • .. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • ' • ' • .. • • • • • ' • • • • , • • • • .. • • • • • • • • • • • • • • • • • • • • • • • • .. • • • • • • • • • • ' • • ' • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • ... • • • • • • • .. • • ' ....• •• • • • • • • • •• • • I ... l - • • • • • ••• • • • • • , l • • • • • • �Danville, Ky. October 27 , 1956 The Bo""rd of Trus t nes , Centr e College of Kentucky, D Bnvil l e , K entucky. Gentl em en: I submi t her ewith the Business Mc".nf'ger I s r eport for the fisc!tl year end 3d .ilugust 31, 1956 . This r eport i s predicat ed upon stDndards esto.b~ i sl1t,d by the N,... tionc.l Comrni ttoo on Renorts for Instituti ons of Highe: Educa tion ".\nd includes all fint ncial - oper ntions of the colle~c. Ther o 'lr c t,"'o fund groups used r.t Centre College in its accounting: (1) Tho Oper a ting Fund , and (2) the Endowment F\md, which includes otl1er non- ex:i)end~.ble funds. The Oper ~ti ng Fund consi st s of: i1. Curr c,nt Gen er e 1 Fund B. Re strict ed E\mds (Expcndabl ~ enrnings of .Res tr ic t ed .Endo\'1 en t) m The Endo\t,m en t Fund : 1.. . Gener a l Endo,,rmon t B. Re stri ct ed Jndo,..,mcnt c. Pla nt Funds ( ~xpendcd or Unexpended) ScJ)c).r 'l t e finP.ncia l s t t ~ments for the two fund groups ar e provided in this r (\port. 0 The opcr ~tion of the coll ege is prov~dcd from the Oper a ting .Fund group; the Dndowmcnt gr oup involves custodia l functions ~nd inve stment ,.,i th a cquisition of institution 1 property• I n the col1 Jge 1 s syst em of nccounting , n ny building, or fund , ca rrying the nnm of ~n indjvidua l indica t e s tha t this is either o e • gift f r om the individual or a memo r i a l and the s e name s a r e r ecor ded r so t h,. . t they m y be kno,,, n and honored. li st of donors to ner m ont endowments for the y ear 195S'-56 is an m cdc a part of this r eport: (page 16) Ji l ll r ecor ds for the y ear just ended hav e been udited by Hifner. ,1.nd Potter, Cert ifi ed Public .ilccountPnts ; a copy is o.vo.ilablc fo r exeJDin~tion ~t nll time s in tho Presidcnt 1 n Offic e or the Busine ss Offic e . - 2 - �,. . • • • • \. • .. , • • • l "' • .. • \. • . • . • ... • I • , • • , , • • • • • l • , • • • , ., i • •I• • ~· ,, .' I. ._J • • •• . • : . ., •• ! • .. . • • • .. .. • • ,L • t \ . , ,. .. • • \ ...• . • .. ., , .. • • ' '' • • • • • \ • • I • . •, • • . • ,.. • • .. .., ;. .. , • ' t\ • I • • •• • • It • • ., • • , t • ' ., • I • - • J •I • I ••' • . ' ' • .· • L ' '' • • • • • ,. •• \ ' ) .> • \ - • I I •I J ' .' • ' \ • • • • J • • I I .' • I • • ' . •• • �• budge t fo r the n G\'I y 0nr, Sep t emb er 1, 1956 through liugus t 31 , 1957, 1 h~s b Jen dr "l.wn up e nd 'ls soon n s this budget is nppr ovod by the ~·1. Bo~r d s Budgu t Committee , ~ copy wi ll be deliver ed to ench Bo~r d m ember. Ho spectfully submitt ed Fr cd .ilr ni ca r , Business Mnnc"gcr -3- �• .. • ' • .. r • • . .• .. 4 • I .,. .. •• • l. • ' - • ... �C~NTRE COLI,EGE OF ICEiJTUCICY lli\ ~. rlCJ SHREI' ST~'.TEM ENr-OPE.RL\TI.tlG .FUND...YISCPL YEAR ASS£TS--C URRE.NT FUNDS A. Gener a l Ca ~l1 on D~po si t Potty C:.sh ]und -- A~counts R0ceiva bl o .N'o t~s liec""ivable Inventori e s : Bookstore Centr ~1 Stor es W ehouse ar Pr en.~id F.bcPcnses: Def err ed Exponsc Prepaid I nsur ance 1955-56 15 ,988. 62 900, 00 16,888.62 1,870.19 J8?.65 2,257.84 10,972.49 4,800.33 15,772.82 2,636 .42 25 , 023.02 27 . 659 ,44 Tot ~l A~s cts- Ou.rrent Funds , Gencr nl B. Restr ict ed Funds-Curr ent Due f r or1 Gen 3r 'll Fund to : StudPnt Lonn Fund-Li cht er Found~tion DKMJ Hous e Fund Priz e Fund Fa rr is Fund Tot~l As s et s- Restri ct ~ Current Funds d Tot~l Ass et s- Combined Current Funds .5,000.00 229.91 J,216. 08 (6,332.12) • Lil BILITi l,S-CURRENT FUNDS I l • GP.ne r P.l Accounts Pnyc..bl e l~ccr u '"'d Expens e : St' l f' ri os & \I/a g e s 1 1/i thl1olding Tax(ls , Fedcr nl So ci Ql Security Tqxos Ho snit~l Insura nc e Prernitl.rls Sn l :1 ry S"'vings \'li thholding Tax es , Str- t o 14,060.42 4.762 .67 722 . 06 223 .42 l~.88 1, 0 Borro,,,ed itonoy Deposits Held: 1ldv~nce Enrollment Receipts Dut Other :E\inds : Duo to \1eisiger Building Fund Duo to Restri c t ed Our r ent Funds . 01 20,954.46 29 , 000 .00 67,713.27 .38.19 2 ,113 ,82. l2J,90J.27 Res Pr v c,s : ~Ii s c ella neous Res earch G rants-Chemi s try Hesonr ch Ehuipmcnt Gif ts fo r noslgna t cd Purpos e s 208.'39 5:000.00 1 0578. 28 2 , 0?1.00 9,507.67 1.33,410. 94 Tota l Linbiliti os- Current Fundr. Gener a l Los s: Lccurn.tl~t ed Defi cit l. &Rtrigtod l1\md8- Currfn t Stud ent Loa n Fund~ icht er Found~tion DKF, Hous 0 Fund Priz e Fund Ferris Fund Tota l Re str ict d Fund- Curr ent Lia biliti es Tota l Lia biliti ~s , Conbined Current _L)f1:_1liti c s 0 • (20,812 .22) 62,578. 72 5 ,000 . 00 222 .91 ,216. 00 ( ,312 ,12) i • �• -- • • • • \ ~ • • ' J • ' ... r • . ' • • J, r . ' '( f •• • .. _I•" • • • .' • • • • •• • • • .. • • ' • , • • • • •• • .. • , .. • I • l \ • • ' • ' • • - • '• ' • •• ' • • \ • :- • , • . • , • • • •• • .. • ....... • • • ' I ' • • • • • • • • , • • • ,. • • • • • ,.. ' • • • • \ • • -. • I r '• �• STJ:.TEMENT OF OPE.&iTI1'TG INCOME & EXPENSE Augus t I }ICO~IE PQUCr ti onal and Stua c P t Fees 31,1956 Genoral 1\iition nnd Fees 207,. 726 .57 • Other Fees 2.14? , 0Q . • -.. Th-ldo\1r.1e11 t Income, Unrest r ict ed Restr icted Reo.1 ~s t '"' to ( Ne t) 6.5: 827 003 22~41Jo60 ___7'-lr~~oo ,3 5 95 ,340.98 .Jiu~" tion1.l Rcl n. t rd rivSl. ri r cl1 Progr!)JJ Voca tion~l Gui dance lle 000.00 1,980.03 Gift~ Synod of Kcntuclcy- Bo~ r a of Christinn Educ~tion, U.S.A. 160200.00 18~277.00 34,4??,00 352 . 871.58 Tot~l F-0.uc" tion ~l & Goner nl Income Auxili ".ry Entt~r nrisf\s & ~ ctivi ti e s Residv11ce H"ll; \ilom en rs Dou t. • 1 ''lise□an - Hall ~fcRcJ·nolds Ii" 11 Breckinridge Hall Centreville Dining IL." 11, 1lonen 1 s D(3pt . (l~e t) Cafct cri~, Mon ' s Dept. (Net) Te" ~on , 110:1c11 t s 22i)890 .oo 4,935 oOO 3 .,255 . oo ll r,007 . 83 7 .. 382 ,67 2~131 .. 01 l r369 . 98 149 . 77 Dept . (No t) Goffe ,. Shop , J.1c11 1s D, pt . (l~o t) 444.97 Bookstor e and Postofficc 24 ::.i- 52 . 51 77,818.74 Other lTon- iili1lcationru. I ncone : Gifts Giftr-: lunni :F\md Student Ac tiviti e s H l.10.l tl1 Ser vice Athl ~tic Dept ., M en 45 ,05J o83 15(355 .95 3_690 .00 2,010"00 10c 788 . 24 Schol ~r sl1ips l'.nd ~ id 30, 158.94 60237 .S'i Other Rev enu es 113, 294~5.l Totnl I nconc-Oper n ting ]'und 543 ,984. 81 -5 - �.. ' • • • • • �JJXP-~NSE EJUC. TJOl~.L 1 ND GENER/iL bdni nistrn tivc ~nd Gcn0r ~l President 1 s Office Business Offic e Treasurer's Offic e Doan Offic e De~n of Students Rogistr nr 1 s Offic e Doan of tlooen ' s Office Adnissions & Stu . Pro . Ger~er 1.l Exp ens o Bonrd of Trustee s 16,686 .93 12 ,585 061 5 ,281 . 29 6,705 .46 4,407.13 7,027.77 4,442.35 17 ,678.34 13 ,104095 885 . 56 88 ,805 .39 Instructional ]bcpense 182 ,707 .17 Li brl:'.ry 15,656 .33 Ouer ~tion & 1-b.intcnnnce .... . 77 ,701 . 80 Tot~l Fduc~tional & Gener al J:kponse 276 , 065 .JO . ~UYili,, ry Ente rpri seR & Activities .Residence Hnll, \·/omen ' s Dept . \'Tis eman H c.11 1-!cRcynolds Hc. 11 Breckinridge H n.11 Centr eville Bookstor e a nd Postoffice 17 , 808. 15 Jn0Jlo42 2 ,28JnJ7 10,443 004 6:097017 21 ,166 .as. 62,830. 00 Ot}1er Non- T.iducP tion.'"l, l ikponse Publi c Relations Office Al11mni Of fic e Student ~ctivities Health Service Athl etic Dept ., Men Schol~rships and Aid Bus Se1'Vice Housemother s Ccntrc.l Stor es \'lar ohouse lv is cmnn .nnui ty 2.670.,39 16i588044 J , 80J o8J 2 I QQ2o05 19 , 701.27 75 ,551 -28 3 ~035 . 60 1,800,00 1,189 . 14 2 ,500.00 Tot,, 1 :JJcponse Oper a ting Deficit , Year 1955-56: - 6- 128,842 , 00 556 ,542069 ( 12, S57 . 86) 541 ,984, 81 �• • • t • • \ • • ' , • .. .. • C • • I • t • • ~ • • ' • I ... ,. • °' • .. . • • •• } _, t . • : .,, - • . .. • ' • "') ... • ' I , • • ' • # • • • ,. (. '\ I • • ► ; ' \ • \ • I t l - f • .. .I \ ' • - ( I " - ';.. • -.. ..• • •• • ,. • • • • • • • .• \ • • ~ • • ~ -- ... ) • • ,. • �CE1'1T1ill COLLEGE OPDR\ TING WND COMPJ~R TIVB CONDENSED TulL\l~CE SHEET Fi sc."' 1 Y0 1.r Sndcd .tug .Jl , ... SSETS c~ sl" on Denosi t & on Hr•nd .... l! ccounts ~nd Notes Rec e iva ble Inv cntori r. s Pr epaid U-n nso 1955 19,481. 02 6.,697 .67 16 . 480 . 74 27 J64 .34 3,741,25 23 ,765 , 02 Re stricted Current Funds Tota l ~ss ts : 0 0 LI.i'..BILI TI licco mts Pny"'ble i.ccrucd Sa l ~ri c s & \/ag e s Tnxc s ~l i tllheld Hosp . & S-1.l"l r y Savings Prer:1iums ' Borrovred l1on0y Student Fee s - .Adva nce P. ym ents Dttc Othe r Funds Reserve s 183 . 71 111, , 754. 66 6'1742.80 • 394. 72 35,ooo.oo 57,844.81 3 I 794. 94 9 . 582 .,49 3,741 .25 132,039.38 (58 ,274.16) 23 ,76s . 02 Restricted Curr ent Funds Opr_.r"ting D0fici t - 7- Fiscal Year Ended 1~ ug . J 1 , 1956 16 ,888 .62 2 ,257 . 84 15 772 . 82 27 ,659 .44 2 ,llJ , 82 64 1 622 . s4 0 4 , 08Jo5J I11creo..so (Decrease) (2 ,592~40) (4 t4:,9 2J) w (?O~' c92) 29.5 ,10 ( 1 ,62· .-43) 7 ( 9 3 0~'2, LJ-Ql J , 899 ~82 14,060 42 (694t,24·) 6 ,533 74 (209 .,06 ) J60 .JO (J l~ -42) 29 ,000 . 00 (6,ooo~ oo) 67 ,71Jo27 9 , 868946 2,152.01 (l ,642 ~9J ) 9,507~67 (74982) 2 , 111 82 (l ,627,4J~ 135,524,76 J , 4850)8 (20 ,832 .22) (12 , 157 ~ 86) 64 ,69?- , 54 _ {9 ,072.48j ,> 0 9 �• • • • • • • • J ' • • • • .... • • • \ -· • • • • . , �116 C"'JliTRll COLLEGE OPBR TI1'TG FUND 1 COMP ~&~•1 IVE ST":T7t.8l;rT OF Ii'JCQlviE & !JXPJl{S:!J ( co1r.D~.1:·srm) Fisc'1.l Ye4r Ended J.~ug .31 ,19.55 Fiec~l Year Ended Increase .i'iug . Jl ,1956 (Dccr J('..se) 195,186.61 89,784. 70 17,100.00 210, 073 .57 95 ,34o . 98 12,980.03 14,886 .,96 5,556 028 (4 ,119 .97) 34,816 . 10 68 ,596 .99 111,233.,76 516 ,718.16 34,477 .oo 77,818.74 llJ,294,Sl 541,984.83 (339.10) 9 .. 221 . 75 2c060 ,75 2? ,266 ,67 I NCOt..fE Student FJes ~ Other Fees Bndo,& cn t Incor.io F4ucction~1 Ilcl'1.t cd Gifts , Bd . Chr isti~n Educ~tion nnd Syi1od , U. E .: u.xiliD.ry P,nt0r pri s ~s Other Incor1c ( Schedul e A, bel0\'1) . J. • EXP.:-!ifSE • ..~dmini str"' tion & Gener al I nstructiont1l Librar y Onerction & i~intcnnncc ... "~uxili!.l.ry Bntcrpri sos Other Ebq)onse (Schedul e B, below) 80 ,895 . 47 186,935 . 09 13, 889 . 48 68 ,635 . 15 50 ,948.27 122 ,181 .10 523 ,684.56 (6,966 .40) 516,718.16 Schedul c J.1.- 0ther Income Gifts Gifts- .lumni Fund Stud nt J..ctivi ties Hoe.1th Ser vice ... thle tic Dept ., Men Scholar ships & 1 id Other Income 0 Schedule B - Other F,xnensc .. Public Relctions Office iil u.mni Office Student li.cti vi ti e s He 1th Service thl e t i c Dept . l-fen Scholarshins & ~ids ... Bus Service Housemother s , Frrter nities Central Stores ti r ehous e T•f is em'"' n .:'innui ty 7n909 , 92 (4,227.92) 19766085 9,066 065 llt88lo7J 6 .. 460 ,90 • 32r858.1J Se591.46 27 ,266 ,67 33 ,600 .63 18,787 . 76 3 ,500 .00 29010 . 00 10,148.70 37 ,259 .22 5,927 .45 111 ,211 .76 D~ficit : 88 ,805 ,39 182,707.17 15,656.33 77 ,701 . 80 62 ,830 . 00 128,842 ,oo 556 ,542 .69 (12 ,557.86) 541 ,984. 81 45 ,053 . BJ 15,355 ~95 3 ,690 . 00 2 ,010 .00 10 11 788.24 30 ,158,,94 6 , 237 ,55_ 111,294.51, 11,4:53.20 (3 , 431 , 81) 190 1 00 . oo 639 (,54 (7 ,100 . 28) 310 .10 2 f:060 ,25 . • 3 , 197-19 15,657 . 89 3 ,326 . 00 1,966 .25 15,832 ,35 74,297 . 44 2,575 . 73 1,800.00 1,228.25 2 ,500, 00 J ?2 ,181 ,10, ·1 - 8 - 2,670.39 16,588.44 3 ,80J . 83 2,002.05 190701.27 75 ,551.28 3 ,035 .60 1,800 . 00 1,189 . 14 2 , 500 , 00 128 ,842 , 00 (526,80) 930~55 477 083 35,,80 J 08681' 92 l ,25Jo84 459 087 .oo (39 . 11) ___oo 6,460. 90 �• • • • • • r \ • • l • • • • • , • • • I ~ \. .• I l • • - • • .. • •• .. • • • • • • • \ r C' ' ... . • • ·-. . . ' • • • .• • • • • • ,_ • • • . , • ••• • • . ... _.I • - \ • ' • •• ' • • •. • • • • • • • I .. • ,. . __ ... • • • • • • • •• • • • • • • • • • I I • ' \. ., ,.. • • • • • I • • . • • , • • • • • . • • • ' .. • • • '• • • • 1- ' • • • • •• • I . -· . -- I •• \, .' • - t r . - ~ • • • t • .. • ........,.·-,. , • • _____ ,. • ·--• . ' I ·I • • . • ,. • -. • • .... • .: ' . •• , , • ' " ,.. • • .. • • • • • • '. -· • , • I t - .• •• • ' .... • • • ' .. ( • j • \ .. • • ~ • • ... • .. • • • I • • ' ' • • -.. • •• •• • 1 ... .. • • ' • .. -· • • • .. • ,. I • �ENDOW~fENT EARNI1fGS , FISC.. L YE. R Pool ed Socuriti e $: Common Stocks P1• c f ~r1· ed Stocks U. S . Bonds 0 ther Bo11d s ilOrtga ge Lo"ns Total ,3ar ni11gs , Pooled Socuri ti e s Ihrni r1gs- Real Es tote Total Endowment &lrnings Di~tribution of EA rni ng~ : G~ 11rr ~1 :cindownen t E"rnings Res tricted ~ndowment Ec-1.rnings : Chemistry Fund 1955-56 &\.rninR"s 49,620-86 . 17,436.23 3,29Jo78 15,718.38 28 ,601 .32 114,670.57 2,100.15 121,770,92 1 Libra r y Fund \·Ti semnn D . of Music ept t·Ti seman lv!r1m oria l Fund Redd- Cheek Bibl e Cha ir Synott Fund DICE Rous e Fund Fn.rri s Fund t'T e i s i gcr D()pt . of Fine "~ s rt Schol~rship Funds Priz e Fund Boles Professorship of ~onomics D. C. Newlin Memorial Vinson Mcmori~l 11.nnui ti es 73 ,188.JB J,012.62 1,397.22 2,487 . 84 3,751.19 213.79 1,890000 58.Jl 6.776.73 6,841 .56 18,713, 71 892 . 28 564,62 570.13 1,140,98 271,56 121,??0,92 �.. • • • • ' • . �1-iR CENTRE COLLEG:i!J OF 1< P:N'TUCKY Balance Sheet - - - Endowment Funds August ASSETS Jl • 1956 EtIDO\'lt.lElfT and OTHER NON- EXPEl~DABLE :ruNDS G~ner nl Endowment Funds : • Pooled Assets: Ca$h U11invested J2,570.J4 Securities 1,922,988.65 ~fortgage Loans 546,382.61 Accounts Receivable (39 ,09) Total Pooled Assets (A-1) 2,501,902.51 Less - Participation of Other :Bunds 0 44. 69% 1,118)154.95 Net Participation , 55 . 31% 1,383,747 .56 Segr egated Assets : Real Es t ate (A-2) 1e6 ,35? .71 Totru. Income Prod11cing Investments Invest ed in College Plant (A-J) Total Endowment, General 1,570 r 105 -,27 2?8 . 940,60 • Restricted Endowment Funclfl : Participation in Pooled Assets , J9 . 0J% (A-1) 976,604.75 Segregated Funds: 143.ry D. Synott Bible Chair Investments (A-4) 40,000.00 Total Administer ed by College l , 016 , 604. 75 Funds Held by Special Trustee (A-5) 15,550.00 Total Restr icted Endo\•1ment Total Endowment Funds • 1.032, 154,75 2,881,200.62 PLANT FUNDS Unexnendad : Ca sh - ,1m . Bush Bequest . 141.19 Cash - ,voisiger lhlilding Fund _ __,_7.. ., . ,. . 5?:. . .:l~,"""'92 -=Participation in Pooled Asset s, 5.66~ (A-1) Total Unexpended Funds Invest ed in Plant Campuses Buildings (A-6) F.quipment Fu.rni ture a nd Fixtures Library Books Total Invested in Plant Total Plant Funds 7,663.11 141,550.20 • 149,213.31 124,350 .35 1,518,733.09 93,926 .19 127,629 20 ,000.00 .as • 1 , 884,639 .48 2 • 033 ,85? e79 Total Asse ts, All Funds 4,915,051,41 - 10 - �• • • • • • • .. .. l • I • ... .• I ' -· • , : : ' • .. -- .. ' :•: .. : • .. .. • ~ ' ,. • I .... .. .. .•. .. • • • ' • ► • ' I ,· •• .. ... f ,. .. .•' ( •• ., i • ' • .. .•. • •• i " ... I• r ... ,_ ' I, - . -.' .. { f _ .i .. I f • # . ·, • \ t ., \ , • • - • - . • • .' •• • - r .. .. • �1.1.~ CEl'JTRE COLLEGE OF KENIDCKY llalance Sheet - Endowment Funds August J 1, 1956 LIABI LI TI FS ENOO\'ltIEI.'E 1.nd OTHER NON-EXPENDABLE FUNDS General .t!!1.~ ~!11An"t (L-1) • Restricted pP.~ynent EndoT,,ed Cta:i. rs ( L-2) J88,2JJ.16 18,876.03 4o6 ,136.2.3 197,731.28 Prize F-.rrtds •1.:3) : Scholar3:1ips ( L. ,,.) Gene-ra l : :.,...6) Annui ti3s ,_ ...5) 1 Total Admi~i stered by College Funds Eal u ~Y Special Trustee (A-5) Total Res~ri cted Endo\innent Total Endowment Funds 5,628,05 1,016,604. 7.5 15,550,0Q • l,Q32,154.25 2,881,200.62 PLANT UJJJ""fil, Uner,JE:r..J.cg_ ; Wm~ ~i h Ba1uest .. ~'lei sigfir Ar·-; (Ind Music Building Far1'i s Stadiu.re :bund • 141.19 • 7,521.92 141,550.20' Total Unexpended Funds • 149,21J~Jl Invested in Plant: Named Funds Donated to School: Wm. Rush Bequest l'/ei siger Art & ~fusic .fund ~Teisiger (Note Payabl e) Guy E. !liseman Fund 13,490, 75 151,706,11 89,375,00 55,386.87 27 ,043,26 Henry N. Craik Fund Farris Stadium Fund Sutcliffe Dormitory Fund Mc.Reynolds Fund Centre Forward Program Portion Realized 21,771.0J 4,902 .ao 45,887.41 J54,36J.81 Total Plant Funds Invested in Plant 763 ,927.o6 Invested in Plant from Current General Funds • Total Investment in Plant To ta.l Plant Funds 1,884 ,.639 ;.48 2,033,852 79 0 Total Liabilities, All Funds 4,.915 ,,05Jo41 - 11 - ��:t2fl SQCllULE A..} -.P29.l,e~W Cnsb -- FarllK';:o ' c Nat,fona! Bnnk: Cash - K('nS:uc:r.:-1 Trust Compa ny T.:.tal :'.:a1:1h Securtt:!.o<:: : U. s. Bond:i Other Bonda Preferred Stocks Cot'tl."'on Stocks 27,815,68 ~ J2 ,570 .J4 96:209 . 40 5J4 ,lo4, 94 J 90,95J , 85 901 ,720 , 46 f!ort~o Loons ~ L,•ss : Accounts Recei vab l e (Cr , Bal . ) l'otnl pooled cash a nd sc•curit i es : Pnrtic1n!l.t1on: G•·ncr Ol i:ndowmcnt Ror:trictcd !hdowcont Ple.nt '.funds (Farr lo) 2,501,941 ,60 --= ~ 55 ,J~ J9 .o:i;' -----5...§2! ~ Note : $40 , 000,00 of M.:>rt g:,go Loans onr mc rkod for the Hnry D. Synott Bible CM.tr is ucludod fro!II t he i tcm 111'1.r kod (1) . Total Hortgage loans are ISB6 ,JB2 .61, SCR"'ll.fLE A...:l. :&:nl Fo.y tt o Jfo r rn Yo1101l lend Ander son House Be t n Theta Houao Si~ Chi Bouae DIC;; House Hill cr:io t Bl.&nton Bouse S . A. E. llouso Phi l',lu Boueo '.":ob te 5 , 000. 00 1, 000 , 00 5 , 000 , 00 J2,Zl?.80 20,000 , 00 7 , 166 , 25 J5 ,S6J .J l 20 ,?l J ,?2 12,000 .00 ~ 186 1JS7.?l SCR77JL:": A 1 - Ipvpgtcd 1n CpJlre o Pl"'Ot 1,!ettcyhOlds litill Br 'Ck• nridgc Hall Young II.ill Olde J.lain - 12 - ( l) �• I • •• • • • • • • • • ' • •• • • • ,r • • • • • •• • ' • ... ,.. ' • • I • • • • •• ~ • . • • • • • ; r-. , • • • ~ ' • -,..... • ( ..• ( I ·' -· • ..' • ... r .. •• ◄ • • • • ' • • • • ' \ • .. • ~ • • • .. • • • • ,,. • • I t • ' •• • .. • • • l'l ~- ,• • • �121 . SCHEDULE A-4 - 1-nry D. Synott Bibl e Cha ir Dean a nd L. F . Rice J.A. Rudloff J.o. Stagg Mortgage Loa n I~Iortgage Loa n i Iortgage Loan Total : SCHEDULE 10,000 . 00 22 , 000oOO 8,000c.00 40,000 . 00 A..S J:i\mds held by Special Trustee § Gener al As sembly of the Presbyteria n Church, Bel. of Christia n E:luca tion, Presbyterian Chureh 5 ,550800 10 , 000. 00, 15 ,550.00 SCHEDUL:] A-6 Bt1ildings Farris St adium Y oung Hall Boyl e- Humphrey Gym C arnegi e Libr ary O de M9.in l Ol de Centre Breckenridge Hall Craik Hous e \'Ii s eman Hell \ilomen r s Dept . F.P.H. A. Housing Proj ect Re creation Bldg . (Hangout) 1 ·1arehous e Al11rnni l-femoria l Gym W eisiger Fine Art s 85 ,369.47 135 , 478.19 44,902.80 45,000 . 00 98 ,632.89 45,787.48 70,256.84 27,04J.26 49 , 795 . 0l 319 t 720.19 6,739.00 1,219.93 5,293.21 353,987.08 229 ,5o6. 75 1,518, 7JJ .09 - lJ - �... • -.. .. • ••• ~ • • • • .. • •• • •• \ • • • .. • l - -· .. . • J • .. . • •• •' • ., I • ·r , , . . • •• •\• • . -~ -· "' ... ) • • , .. I • .. • • ) • " • .. " ~ •• • • I • f l \ 4 • . .. • '\ # \ t • r . • .- .. t • • • ,. t • ·• • \ \ f • • , . ' .• • ., - • ~ ., . .. ••• •I • .. • • I • • I • • ~ • • -• • ., ' I .. •• • ' V• I • I • • ·. I ,. -- , • . • ... ~ ••• ;. . • • •f .• .I • • \ ~ • • • 1 ., • • ,. • .. ••.. • • •• ·1 •• .. • - ... . ......• ' ' • .. ! --, ., • • • - • • ... t .. • / <.-. • • ' .' \ • .. , I i • • ~ • • • • ' } • • .. ,·. • -·· . ---- ... ) • • • •• • .. - • •• • t • 'I • ' ( ~ - • t. ' • • �SCHEDULE L-1 Gener c? 1 ~dot•rment Ge11eral Guy E " 1 1 180,266 .69 265 ~ 759 .66 247,967021 4,869"44 26,135 ,54 36,515 ')03 14,ooo"oo 19p696~63 8,000.00 t·J is eman , ans.-5umr9.ll \~m . R. Laird Carx·i e Yiagill 1-lary B. 1-Iu tchmor e B~tq Fraternity Phi T~u Fr aternity Sigma Chi FrAternity ,'lhi to Leg'lcy Gain - s~1e of Securiti es 5D000..,00 40,815,67 1,849 ~045 087 SCIDDULE L-2 :Jndowed Chairs • Chemistr y Librar y ~~ry D. Synott Bible Chai r Guy E. \fiscman, 1-fusic W eisiger Fine Art s Redd- Cheek, Classical Languages E. C. lTewlin , Ancient Ls.nguPges Fr ed M Vinson , Political Science . Boles Professor ship of Economics 620493 69 29 ~ 168 067 - . 40,000 . 00 51,309 ")66 14lp84-5 .,95 4,101.,64 15,222 .. 99 28,882 . 21 15,208,..35 388,2.33 .16 SCHEDULE L- J Prize Fund a Ethel Rupley Arno ld Or mond .Beatty Henry 100.00 720000 1 ,760 . 00 775 . oo 300.00 lr050 --00 lr000.00 1,:100 .,00 Barr ett Boyle 1-fi tchcll Yo,1ng Chrunberlin 1'-wrti o Chanman Fran klin Pr eston Corter Emily R . Col'ran \lilliam ~rnst Graves Griffith 500,,00 Robert Dale Holmes 400~00 1 ~221 .. 00 1 :050;00 lr 000~00 2,000900 l 'lJ00,00 l .. 000o00 19 0()0 ,..oo 1 r l:':) "00 Robert Po,.,ell J acobs Breckenridge Jones John \'/,. Redd Sally ~larfi eld Geo rge \linst on ·/clch Gavin Eas ton \1/ i seman John \'/ . Ye rke s George C. Young Gain - Sa l e of Securities -----=l~: Q. ~Ql J.8:,876 ,03 - 14 - �I. r • - ' .. • . .. • • • • • ' • • ' • ' ·1 ( .. .. ,,•• • • • \ ' .... h \ ) I 1 • • ., • • ... • I • • • •• ' ..- • I• • .. • • •• I, ' • • . • • • <:' -: .' •• .. . • -· .... • • \' -· .. ' .. . ' • • \ ._ ~ • _. ' ~ \ • .• • ) • ·' . . ,. ~ .. • • ' • • ' .. .. • • • .. ~ 1 • • '\ • • • • • • • • • • • -. .. ' ti i - �SCH-:DULE L, 1!- -Schol a rshins ~/illi · K. Argo J a m·~ s La ne- ~ :ary Bell llen 5,000.00 1,000.00 Orm ond Beatty Beulah Bruce Br ennan George H9v1l' rd Bruce 5iooo.oo 25 , 000"00 50000 . 00 Ann Frances Check Sa muel • llp000 ,00 3;700\)00 R. Cheek Mrs . Alfred I. duPont O. 6,500000 :s. F~llis J err:,- Hatchett Chnrl es E. Hoge David C. Humphreys Lewis and Martha Lebus Katherine Le tcher Oscar G. Le tcher 6,493 ,58 3~000 00 2 ,500.,00 6,292(.00 7 0777066 5 , 000 .00 2 ,500 . 00 1,000 . 00 J . P. ~nd :Bessie S. Leyenbcrger i.t?.r :}" Murphy ~Icrrin 500 . 00 Wm. K. lhttc rson \·Tm . J ennings Price 20 , 000.00 25 , 000oOO 500000 11590.00 3 rOOO .oo 253 ,214.93 2 ,605 .11 100.00 l~manda O. Rodes David lston Bussell Frmk \'loodford Sneed Ev'Uls - S11mre.ll ~'nude Sutton Lucy t/ . \'la l lace Snra C. 1T ll'1ce ·a Gain on Sa l e of Securities 500 .00 2,J62o95 4o6 2 1J6 .2J, SCHEDULE L - Annuities Fung -S l•fr s. 1-!~y B. Goro l~nna l•1 . n nd Fra nk N. Gilcher Dr. \'lm . Bc."trnes Lo\'1Cr 960 . 72 1,019.57 4J4 . o6 2,688,77 470 . 15 54,78, W. K. Mullins Mrs. Frances T. Skinner Gain - Sal e of S~curitiee SCHEDULE • L:--6 -Gene r a l Restricted Endowment • Guy E. "liseman lvfemorial Fund DKE House Mrs. 111 fred I. duPont Ford Foundation Ford Foundction 77,630 .96 10179.60 5,000~00 ?Or000,00 40,000.00 J r920;72 197, 7Jl.28 G uin - Scl& of Securities - 15 - �• • • .. ' .. .. ' .. • • • • • .. • • • • • • • ~ • ' • ' • ' 4 •• -· • I• • I• • ·• • •"I ~ l • .. • I • .,. • • • • • • ' • •• I ' .. . .. I , , .. • • .. I I ... .. •• -· ' ' - • I • �Gifts t~ .Ehdot·nnent in the fiscal ye'1:r ended li:ugus t 31, 1956: Donor Katherine Letcher Terr.}" R. . tchett ?.f:rs .. ~vm J , nnings Price • Bertha L0bt1s F.quitcb~e s ~ct12ities Corp. Jos eph IlPrtfi cld F. N. 1-forrison John l·T. itorri son Bcrth1. Lubus • Ri cht•rood Found.1. tion T. J. \·food l~ ry Vinson Clerk C. B. CElldwell PRul • E. \'l illi~.ms George G. Brown V. 0 • \• a t son 1 Donnld ?vf. Smith John ~l. ?vicCor mack J ~mes P. McGrancry G. l.f. ire Clure s~ .&".Yburne . "~nonymous Henry c~ve John F. Di et erich Third "'f~ tional Bnnk, "~shland .:l . Chauncey N ewlin Dr. Hpr din Greig Et'ling T. Bo l os \'Thi te Legacy J,.f:r s . 1~l f .reel r . duPont ~~s. lfr ed I -duPont Ford Founda tion ],ord Foundation Tota l l~mount 5 0 000.00 2,000.00 5,000.00 7r777966 300,00 lr269.27 furpose Schola rships n " H Fred lf. Vi nno n Fund II If • •• u 4,725,00 t1 II I, If 248p25 II It 100.00 • 1,000.00 500.00 10.00 100,00 250.00 fl It tr rr " " II u " II " H It II If If n " II ,, If " If If II tf It 'I II u 11 It n tr " ,, " II " II r: rr It u tl II II " " II II 731.25 100.00 5,00 50.00 500.00 200.00 100_00 1.00 100,00 200.00 500.00 5,044.81 500.00 8,008.J5 5 ,000 .00 5,000,00 5,000.00 70,000.,00 40 ~,000 ,oo • 169 ,320_59 - 16 - " n II ll rr rr If " If " It " " " u E.C . Newlin Chair, Ancient Libro.ry Languages Boles Profes sorship of :.Jconomics General Schol n.r shipo Fncul ty SaJ.,1t--!.e s F[l cul ty Saln l~i e s Fa culty Salaries �... • • l • • ' • . , . •• • - .. I ,1 • .. •• • • . . ·, .. • I .. ~ , ·- • '• • ... ' 'I • I• 1! :1 J. • • • •• •• ~ r •• t· • \ •• • • .. ., • • i\ • l ' 1 : t. • • • \. •• ~ • •• - \ ,, . • ~ .... .. ~' .. • \ - • ' • ,. " J\ ,~ ,: ~ : ~ n ., ~ • - • , I " .' .. • • . '• .' C•• ' I • • r . •,. ; •I • ,) • • • • • y • ,. • .' • ' •• • • \ .. • • • • ' n ,. • .. •• • • l •• •I • • •' • .. f• (' • • I, ~ t" ,, • • • I ~, • • ~ ~l '. :, I• I .' • l • •J ' •t . . r •• • • .. ' • • • .. .. , •. • • ... t .. .. • • , I • • • . • ( ' ~ , • .. • • • \ .. • ~ .. • A • ' • r A ,. • • J • I • .. , • .. , • ' • . '• .. \ • • • • • • �MThlUTES BOARD OF TRUSTEES CENTRE COLLEGE OF KENTUCKY Octob~r 27 , 1956 The me;eting Y1as called to order by tho c11air ma:1~ Mr . Ike Lanie r. Praye r vra.s offered by Dr. John R. Gosney. Present were , Chairman Lanier, Messrs . Nevin , Armstrong, Logan Caldwell, H iss Poynter, liss Ye rkes , Mes:srs . Rogers , Baker, w P . Cald,·rcll, Wachs, Crege,i , . 7 Campbe 11 , Lee , Van ' inkle , Van Antuerp , Gamble , Diederich , Benfield , Gosney , Lively, Faulconer, and Pr esident Groves . The minutes of the meeting of the Board of Trustees of October 26 wer e r ead and approved . M . Logan Caldwell presented the report of the Finance Committee . r was received and approved (See r ecommendations attached). This ' . Nevin presented a report for the Buildings and Grounds Committee on the Alumni Memor ial Building . He oxplained that the condition of the walls which have been l eaking for about three years can be taken care of for about $1, 800 on a guarcllltoed contract by a Louisville contractor. iir . Nevin v1as authorized to rnal<:e a contract with the firm ,vhich ho had in mind for $1,800 for tho necessary r epai r and wat er proofing of the south wall of the f. lumni Memorial BuiJ.ding to take car e of the damage ulready done and to prevent furthe r leakage . A part of this cost will be borne by Paco Construction Co., tho general contractor on the building . M . Nevin r eported that in order to apply for a grant for a Student r Union Building it will be necessary to present a floor plan for the building and his office is prepared to mal<e r eady such plans at no cost to the college . Mr. Baker r eported for the committee on tho future of tho college, and r equest ed that M . John Frazer's study in connccti on vr.i. th size of the c allege r be circulated among all of the trustees and that the trustees communicate wi th him in time for this committee to make its r eport and r ecommendations t o the Spring meeting in 1957 of the Board of Trustees . M . Campbell r eported for the special commit e appointed by the Chairman r to inter viev~ M . John Fr aze r ,tl th regard to the position of A.ssistant to the r President . fl f.ter this report wae mace, ,tr . Armstrong movod and i ,t was sec anded 'ried t hat the r ecommendation that Mr. Frazer be appointed t o this job and ca1 be referred t o the Exe cu ti ve Committee vd th pov1er to act. tir . Lanier stated at this point that the Board would now consider the proposed amendments t o the charter of Centre College of Kentucky for ,vhich notice had been given at the previous mee ting of tho Board held on Octbber 26, 1956. �• • ,I \ I • • . • I • • • • • • ., •' '• ,. I • ' • f • I I , I • . • • . '• \ I• • .. . - • • I • • • • .. • .• • •. • • • I • • • ' . 1 • .. • I • • • • • ... • -. • •,• I '- ~ l ~ . • • • ' , • • ' . .. l J ' • \ • • .' • ' •\ • .I •• • •• • • • • • .l • .. , • r •• \ • .. • • ' ,. • \ •• • . • ' -• • • . • •• • ' ' . • • 1 • • f I • \ • • • • • .. I •• • • I • . " .. •• • . .. • ,J I • •• • t • • • ' • \ • . • • .. • .. ') • • " .. -• ~ I , • • ' . . ... . -· • •• • •• .- ' • • • • • ( ~ .. I • . ,, • ...- ,·. • \ •• . •" ,. ..' • . . • •• • • .. • • f .• • • .·.• •• I • • • l' • • . • J • , • •• • • •• • .;_, • • • I • •• • • ' :1 . . • • f �-· -2- M Baker then moved the adoption of the r esolution as proposed which r. is as follows: "BE IT RESOLVFD by the Bo:ird of Trustees that the charter of Centre College of Kentucky be amended as follov1s: 11 1 . That paragraph numbe red 6 of the Charter and Agreement for Consolidation of Centre College of K entucky and Kentucky College for Wom3n under the name of •centre College of Kentucky• of May 9, 1930 1 as recorded i~ the office of the Clerk of the Boyle County Court in Articles of Incorporation Book 2 at oage 63 , be repealed and the follovd.ng provisions be substituted therefor as an amendment to said Charter: 1 6. The management and control of "Centre College of Kentucky 11 shall be vested in a Board of Trustees . This Board shall consist of trrenty-four members, six of ,mom shall be elected as a Class each year at the r egular s pring meeting of the Board of Trustees . This Class shall be el ected each year by the Board of Trustees from per sons nominated as follows : one of said Class shall be nominated by tho K entuclcy Synod of the Presbyterian Church in the United States of America; one of said Class shall be nominated by the Kentucky Synod of the Presbyterian Church in the United States; one of said Class s hall be nominated by the AlUITll1i Association of Centre College; ~nd throe of said Class shall be nominated by a nominating committee of the Board of Trustees . Any vacancy existing at the time of any meeting of the Board shall be filled by the Board by el ecti on of persons , or a person, nominat ed by the or g-:mization which nominated the Trustee whose vacant office is to be fill ed. 'A !najority of the Board of Trustees shall constitute a quorum for the transaction of business . •The re shall be an Exocuti ve Connni ttee of the Board of Trustee s vrhich shall have all the po11crs of the Board of Trustees in the :w iCrim v;hen the Bo~rd is not in session. This Executive Committee shall consist of six members of the Board of Trustees who shall be apnointed annu~lly by the Chairm:tn of the Board. One of said me mber s shall be a Trustee ,-,ho vra.s elec-wd to the Board fr om the nominati on nnde by the Synod of K entucky of t he Presbyter ian Church of the U nited St1tes of Ame rica; one of said membe rs t o be a Trustee ,mo is elected t o the Board fr om the nominati on nnde by the Synod of Kentucky of the Presbyterian Church in the United States; ono of said membe rs to be a Trustee ".'rho was ele cted to the Board from the nomination made by the Alumni Association of Centre College ; and three of said members t o be Trustees el ected to the Board from nominations made by the nominating cormnittee of the Board of Trustees . The Chairman of the Board of Trustees shall be ex officio chairman of the Executive Committee . Five members shall cons titute a quorum of tho Executive Committee . "2 . That paragr aph numbered 12 of the Charter and Agr eeroont for the Consolidation of Centre College of K entucky and Kentucky College for ~oroon unde r t oo naroo of •centre College of Ken tucky' of May 9, 1930, as r ecorded in the office of the Clerk of the Boyle County Court in Articles of Incorpor ati on Book 2, at page 63, be r epealed and the following provisi ons be substituted the r efor as an amendment to said Charter: , �.. • • • , • • • • • • . • t , • ' ' •• t I • • • , \ ' • • �-31 12. This charter and agreement may be amended in the manner prescribed by law, provided that sixteen members of the Board of Trustees concur in tho amendment and provided further that any amendment to paragraphs numbered 5, 6 md 8 of the charter and agreement shall, in additi on thereto, have the prior approval of both the K entucky Synods of the Presbyterian Cl1urch in the United States of tmerica and the Presbyterian Churcl1 of tl1e lJni ted States . 1 " This amendment v;as adopted by the necessary sixteen votes and l a t er in the meeting , on motion by Mr . Ben Gregor, the vote was made unanimous . Jar. Vun frnt,·1orp then moved the adoption of an amendment to this nevr section 6 of the charter of Centre Collage of Kentucky to the effect that the Board of Trustees be increased from twenty-four to t1·:enty- eight; that the increased representation be four trustees from the 1,lumnae Associati on, that both alumni ·nd alumnae representatives be chosen from lists ~f three submitted bj,. the . ssociations , that the Exect1tive Committee be increased to eight in addition to th chairman of the Board as an ex officio member, that a quorum of the Executive Committee be four member s in addition to the chairman, and that section 12 of the nev:ly ~dopted ammendmcnt be so amended as t o r equir e that a 1'1ri ttcn notice at least sixty days in advance be gi ,,en to all of the truetoee advieing them of any future amendr.iente to tne charter to be Pr oposed. This amendment as proposed by Mr . Van •• ntwerp was adopt.,d un..mimously, t here being more than sixteen affi r mative votes Mr . Lanier r ead a r equest of the tlunmi .ssociation that the alurrni secretary be paid out of funds of the Alumni Associ tion, r athe r than by the college . This vras r efe rred to t}1e Executive Committee with instructions for the committee to r eport back to the full Board at the spring meeting in 1957, The same lette r v1hich \Vas read also contained the resoltttion of the flwnni ~ssociation disapproving the amendment proposed by the committee of v1hich Mr. Baker ,vas chairman to the chnrter and requesting nn incr~:.se in the si1,e of the Board to thirty- three members . The Secretary v1as instructed to replJ" to this letter. r . Rogers gave notice thut at tho next regular meeting of the Board of Trustees he r1ould offer a11 amendment to paragraph 8 of tl1e charter. It was moved and seconded and unanimously carried that the Board of Trustees commend Mr . Inman nd r. Brummett and the entire football squad for the perfor mance and record of t}1is season ' s team. President Groves reported he installation of closets in the dormitory r ooms of Caldwell Hall, tl1e removal of the infirmary from Caldwell Hull to the basement of Acheson Hall, and the installation of the road,vay on the women's campus as opproved by the Buildings and Grounds Committee last June . On motion of i1r . Armstrong , it v,as moved , seconded , d adopted that it is tho policy of the college that the thletic teams of Centre College of Kentucky not participate in post- season games. This resolution is to be communica ed to the Faculty Committee on Athletics. �-· • I • ' 'I, • l ', • • ' ., I ., • • .. ...,. .. ,. • • . • , .. .• • •• •• : • ,. I , • • t .. ' • •f • • •• . • r• r f • • .. • J .. • . - .. ' . : • '\ '' • • • • .. - • •• • • , • •• • • .. • • •• • • r • •• • . ... • • • • t • ' • t \ ,• \ • .. . . .. • • • .,_ ) ; • • • • • • .. • I •• • • • • • • I ', • , -, . .. • • • I ,. • •I r •• • • . •• • • .. • • • ' .. ' .. • • • • • i • • .. . • . . • • • . • • • .. ) , ..... .. J ,, ' I .. • ' • ,. • •, .- I .... .. ,. •• , • •• • 1 (. • • • • • .• ' t ., • I • • • .. , t • • • • ·, .' •I . ' •• • • r ... ... ,• .. • -· • • • • ••• ' . • • • • • . • ( . • .. • r, .... - • t • I • ... .. . • .. •I .. •• I • ' I • • • \ • • r • • • • ' • ' • I • • l .• I • • ., • • • \ .. • • t ... ' • • .. r \ ' • . • • .. • •• • . • ' .. , ,. •• • l • • • • r· •I • .. • • ' ..... .• r-· . • • • • • , . • • r : •• • •• •• ,. • .. .'. ' • • • .. .. .• I • • ' ... • • • • \ ,• I 1 • .' , l • • .. . • ' • • • • I • .. .. . .• • ' • • • • • " ... J • • .. •• • .. ., I• I I • • t • • ..... ,. •• • • f , .. • ,• ' .. .. • ' • ' l , , • •• •• • • t • ' • • •• : J . .. • • •• • ' • �• -4On r e c o1nrnnnd--.tion ,1f Pr Psident Groves , it vm.s moved , s e c onded a.nd corri.od that t t.e gene r al f ee ch1.rged to students be increas0d f1·om $.525 t o {~ 600 beginning Septembe r, 1957 c On r ccommcndJ.ti on of President Grove s it was CTovod, seconded a nd co.rri0d tl1~t the sc i.le of f:icul ty s al:i.ries r c corrunended e.t the meet,i rig of June , 1956, bo ~dopted as f ollows: Full Professors Associate Professors '~ ssistan t Pr of ess ors Inf; truct or s . from ~.5.-500 :,o II 4; 50:) ·Ln II i.l •,0 ()(; .. n l.• ..,, 3 .,61 J tc ;' ~p1 1 0()() 1 ,., t 0 11c . s.coo • ;) 1 ~:00 It vrns moved seconded Dnd carried t hat ·the Co:.r.lege intervene in the pending litiga ti on in the Muhlenbe r g Circuit ''ou.1:··t :i.r: ,~onnt.. 0ti on \-.r:i.th Civil .,'\ction No ,, .587; Ernest ~ ~roodi.;'nrd, e t al- Plair:tiff3 vs . J . Lo Rogers$ Jr~, et a l - Dofend~nts, Pr esident Grove s roportfld that t he Vins on 1\1emor ial Foundation has n o,,v beon se t up nd the funds for me rly ½ ~th the treasure r of the college belongi~g t o this found~ti on have been trn.nsfcrr~d to the K ntucky Trust Company, e cus t oui~n f or s e curitiGs for the Vinson Memor jnl Trust . Tl1e r e quest of the K ntucky utili t es Compru1y to l oc-ite an anchor pole e and guy wires on 1~lalnut Stre et side of the c:irnpus vras r ef e rred to the Buildines end Grounds Commi ttce :·.d. th p0vre r to a ct . The meeting adjourned a t 11:15 a . m., Central Standard Time . Pie rce Live ly Secret ary Pl,. mp �• • _, I • ' • • .. I • .. • • • • �Recommendations of It.lnance Committee of Board of Trustees - October 27, 1956 . - Sell Cash Balance 500 s11s . Gen. T(;lephor1e ~-25% 200 sl1s 100 shs . 100 shs . 200 sl1s . 500 shs . Mkt . co11v . pfd . AmerlcG.n Brake Shoe L~'f, con,-t. pfd . Corn Prodtlcts l~e1ining 7% pfd . American Tobacco Co1•ning GJ.a..,..., Soco11y t-1obile Oil Value Div . I ncome - 57 28,500 1, 002 102½ 20 , 500 Boo / 162} 16,250 72 1/8 7,212 71 -!- 14,300 700 500 300 lzOOC?_ 53 3/4 _?__~7~ 4,113.,637 ~~4, 362 Bt1y - 5,00C 40,000 40,000 l+O ,000 CIT Financial d\le 10/1/'71 CIT Financial due 10/1 /71 li¾ 4h 1X) b . Deb . ( For Vi.nson ~Ie1norial Foundation ) 100 J./8 5,006 . 25 !~ . 23% 100 1/8 Tennessee Gas Transm:lssion 4 3,14% Bonds due J.1/1/76 101 Quel)ec Hydro Elec Comrilissio11 !ti1,Bonds, dtle 198J. 100 212 . 50 40,050 . 4. 23% 1,700. 00 40 ,1~00 4. 6'7 1,900 . 00 40,000 . ~;125, 456 . 25 Conve1vt ·----·300 Shs . Lone Star Gas $4.75 pfd . lnto 1,11~0 shs corrunon ( issue call ed for Novcn1bcr 9th) J_,593 . 75 5, 11.06 . 25 �.. \ • • ' .. • • • •• • • • • •• I \ " • '• • • • ' • , • �MINUTES Exe cut i ve Committee Meeting January 1 8 , 1957 The meeting convened in the Green Room of the Lafayette Hotel for luncheon as the guests of Trustee Fred B. Wachs , Sr . A resol ution of appreciation for l•Ir . Wachs' hospitality was unanimously passed by all present . Following the luncheon the meeting was called to order by the chairman, Mr . Il~e Lanier . Prayer was offered by President Groves . Present were ~ressrs . Lanier , ,-1. P . Caldwell , Wo.cl1s, Gosney, Armstrong L. Caldvrell, Lively, EL"'ld Baker, and President Grov. .es and Mr. Arnicar, business manager . The minutes of the last meeting of tl1e Executive Co1runi ttee of July 16, 1956, were app1~ oved as previously mimeographed 811d circulated . Mr . Arnicar 1nade the report of tl1e business office of the College as of December 31, 1956. ( See copy attached) . to receive and file this report. On 1notion it was moved and carried The Buildings & Grounds Committee of the Trustees was requested to investigate conditions of the roofs 01 Old l\1a:i.n and Young Science Hall, and also of the noiler in the Library Buildin5 . The Committee also was requested to investigate needed repairs to stadium ai1d !•1r . W P. Caldwell, a n1ember c f . tl1e Committee, was speci:fically asked to make tl1e investigation concerning tl1e stadillln and to report at the March meeting 01' 'tl1e Executive Corruni ttee . Ml· . Arni car presented needs fer cash dtrring the second scr.ester, n.nd on motion the follo,ring resolutions vrere tu1animously passed: "That the Busi11ess t~anager of Centre College of Kenttlcky be authorized to borrow for operatine l)Urposes up to the sum of $40 , 000 . 00 f1•om tl1e Farmers Ilational Bank. This at1thorization is to e;{pire August 15th, 195~1 . 1 "That the Business Manager of Centre College of Kentucky be authorized to borrow for operating purposes up to the sum o f $23,500 . 00 fr·on1 the Citizens IlationaJ. Banh: . This autho1·ization is to expire August 15th, 1957. 11 It was voted that the gift of 150 shares of common stock of the Ashland Oil and Refining Company from MJ~ . and Mrs . Pa,11 G. Blazer be purchased by the endowment fund from the ope:i·ating ful1d of~ the College, tl1e proceeds to be used for curren·t ope ratior1s . It was voted tllat Mr . Logan Caldwell be authorized to sell the Walnut Street residence owned by the College at public auction . It was voted t l1at the John \.Thi te legacy of $5,000 be placed in tr1e endowrr.ent funds of the College ancl marlced 11 Fllr1ds temporarily used us endowments . 11 T11e following recent add1 tions to tl1e e11dowment were annow1ced by President Groves : �.. • • • • • • • • • • • ' �-2- To To To To the t he t he the Bol e s Pr of e ssorship of Economics Mrs . A. I . du Pont Endowment l.ebus Schol arship Tund Terry Hatche t t Scholarship Fund :13 1 $ 6, 575 .00 20,312. 72 5, 600 .00 1,000. 00 Also recently added to t he Vin s on ~1emor i al Foundation have been gifts tot alling $6,156.15. It was voted that the bequest of $1,361 .24 from the e s tat e of ~1r . Ira \./ . Rupley be added to tl1e gift of a United States Savings Bond in the amount of $100, received several years ago from Mr. Rupl ey, the total $1 , !~61. 21~ to be added to the general endowment and designated according to the will of Mr . I r a \{. Rupley as "T11e Etl1el Rupley Arnold ~1emorial Fund . " On recorru er1d.ation of Preside1rt G1·oves the appointment of ~lrs . Glenn Shearer ( Violetta ,1111 inson, graduate of Cent1·e College of Kentucky i.n the class of 1939) as assistant regist1·ar as of' January 21 , 1957, at a starting salary of $2700 per year \Ti th one month I s vacation with pay was approved . vli th the appoj.ntment of Mrs . Shearer as assist ant registr ar, on recommendation of President Groves , ~1r . John VJ . Frazer was designated as assistant to the p1·esident to take over wo1·k in connection vTl. th the college development program, and also to continue to act as coordinator of admissions, at a salary of $5,000 per year, the ne,r salary to begin September 1, 195·7. Preside11t Groves also ,.,as given authority to arr ange w1 tl1 the fi r m of Ward , Dre shman , & Re irlha.rdt for Mr . John ,., . Frazer to wor·k wi tl1 them for a period of two or tl1ree montl1s, according to a recent confer ence held ,.,i th ?vlr . Reinl1ardt, president, Mr . Armstrong, vice -president , and Mr . t4eelter , asso ciate of the firm of \·lard, Dreshman , &; Reinl1ardt . Pr esident Groves reported that tl1e water p1"oofing of tl1e south wall of tl1e Alumni Memorial Bt1ilding had been completed by the company of Rober t Lear & Son at a cost of $1,875, to whicl1 total cost Mr . Pace , contractor for the building , had contributed $400 . The job was co1npleted early in December and according to the report of Mr . Steiger, superintendent of buildings and grounds, it seems to have stopped effectively the pr evious leaking . President Groves reported a gift of $1 ,000 from the Keeneland Association, and read a letter in that connection from Dr . Harry Best, honored alumnus from Centre College of Kentucky of tl1e class of 1901 . After hearing the letter, on motion it voted tl1at tl1e trustees receive this gift with appreciation . ,-,as A report fron1 the 13\lildings & Grounds Committee was ree.d approving the request of the Kentucky Utilities Company to install guy wires on tl1e College property on \~est \.Jalnut Street in accord vri th the previous action of the Board of Trustees grru1ti11g power to tl e Cerroni ttee to take final action on this request . On recommendation of President G1·oves the fo llowing o.ctions concer11ing certain members of the faculty were unanimously approved: Dr . La,1rcncc E. Noble , Jr . , aosistant professor of govern1nent in the Department of History and Government, now in his fourth year on the faculty of Centre Coll ege of Kentucl<y, was granted permanent sto.tus and l1is salary �• I I • • , • • • • • • .' • ' ,, ' • .. • • .' • • • • • • ( • .. • • • I • • • • • • • , • , • • • • • • I �- 3incr eased from $4200 to $4800 a year beginning September 1 , 1957. Dr . Donald E. Bartlett, associate professor of philosophy and r eligion was voted t o the rank of f'ull professor and his salary advanced $400, ma.king his tota.l salary $6,000, new rank and salary to begin September 1, 1957 . Mro Jae~< Kellam, assistant professor in the Department of Art was promoted to tl1e rru11c of associate pro1 "essor with a $400 incr ease in his salary, both rank and new salary of $5,200 a year to begin September 1,1957. l.fr-s . Sabra Barbo1u-, librarian of the College with faculty status of the rank of assistnnt professor, was promoted to the rank of associate professor with a salary increase of $500 a year, her new rank and salary to begin September 1, 1957 . Mr. Bert Kelso, instructor in tl1e ~partment of Music, now in his fourtl1 year as a member of the facu.J..ty of Centre College was voted to be ~~omoted to the rank of assistant professor providing he completes his worl~ for his ~1aster 's degree as he novT plans by August, 1957, with increase in saJ.ary of $4oO , the nevr salo.ry to tah:e effect on September 1 , 1957, and the ne,., rank to tal~e effect September 1, 1957 , or as soon thereafter as he completes his work for l1is t-1aster I s degree . The followir1g facult)r saJ.aries for 1957-1958 as presented by President Groves :md concurred in by Dean Heck were approved : 1956-1957 Heck, F. H. Rush, R. L . Knott, J. P. Ro bins on , \·1 . J. Cook, E. W . Ritchie, E. Steere, D. Vaughan, A. G. Hazelrigg, c. T. S1-reeney, Miss Mary 1957-1958 $3250 . 00 6662 . 00 5200. 00 5200. 00 5400 . 00 5400 . 00 5000 . 00, 6000. 00 6000 . 00 2700 . 00 7000 . 00 5000. 00 5600. 00 $3750. 00 7062 . 00 5500 . 00 5600. 00 5800 . 00 5800. 00 5500. 00 6400 . 00 6400 . 00 2900 . 00 7200 . 00 5500 . 00 6000 . 00 Economics Holdren, Mrs . Emil Heffelfinger, C. E. Loetscher, F. w . Nichols , t4rs . Carlile Hill, W T. . Ullrich, L. W . Kellam, J. B. Barbour, Mrs . Sabra vi. 5000. 00 4700 .00 4600 . 00 4800 . 00 4000 . 00 5000 . 00 3000 . 00 4900 . 00 4000 . 00 6500 . 00 5000. 00 4900 . 00 5100 . 00 3600 . 00 5300 . 00 3250 . 00 5200. 00 4500 . 00 Ellis,R 5300 . 00 4900 . 00 4200.00 5100.00 5Jl00 . 00 4800 . 00 \.lalkup, J. H. Misch, C. E. Bartlettt , D. E. Inman, T. B. Noble, L. E. Jr . See Adm. Incld. \-lest Va. See Adm. Incld . \-lest Va. See Adm. 1.32 �• • ' ' . • • • • • ' • .. " • ' • • • • .. • • • • • • • • • ' • • • • • • .. • , �- 41956- 1957 Reeves, Miss Emily Hodgkins , Mrs . Blanche Cantrell, Po L. vlinsor, G., Vestermarl{, lvb--s ~ Mary Kelso, B, c. Cheek, t-1rs . S .. R. Rouse , t1rs . Marcelyn Brummett, J., \·lo Ullricl1, l-1rs. Le ,., • Walker, Jc-D, Br·oaddus, Chas . 1957 -1958 3700. 00 3600. 00 4400,00 4200 .. 00 4200 . 00 3600 . 00 4200 . 00 4000 . 00 5000c.OO 4800 . 00 4400 . 00 4000 . 00 1200. 00 3200. 00 4400 . 00 700 . 00 3600. 00 3200 . 00 1500. 00 3800. 00 ~800 . 00 800~00 Chaplain (11 mos . ) Instructor in Band Assistant in Home Eco11omics 1.iooo .00 2800 ~00 5600 . 00 900 . 00 1500. 00 The follo,-ring i11creases in salary for administration and staff as recomrr..ended by P1--esidet1t Groves vrere approved: 1956-1957 Groves , W A. . Heck, F. H. Sweeney) Miss Mary Ullrich, L. \-1 . Arnice.r, F. E. Frazer, J , W . Ensminger, R. F. Leecl1, B. T. Silcott, tvirs . Katherine I-1. Sheare1.. , t4rs . Glenn Cald'vrell, L. Stej_ger, J . J . 1957- 1958 10,000 . 00 3250 . 00 2700 . 00 3000 . 00 6500 . 00 3600 . 00 4800 . 00 4200 . 00 3200. 00 3750 . 00 2900 . 00 3250. 00 6800 . 00 5000 . 00 5000 . 00 4t~oo . oo Allen, t,1rs . !'Tell H. Warren, Ml" s . l•1ayo Lester, t"1rs . r-1argc.ret 1200 . 00 4500 . 00 1200. 00 3200 . 00 1750. 00 3500 . 00 2700 . 00 1200 . 00 4500 . 00 1200 . 00 3600 . 00 1870. 00 Patterson, Mrs . tlfaymc Taylor, ~1rs . IIilda vlisner, r.1rs . Louise Moore, t-irs . Anna ~1 . Sec'y . -Ullricl1 Psycho1netri st Co.ssacla, Mrs . Ann vl . Sec'y . to R. Ensroinger Clerl, to Registrar Cunningham, 1,1rs. George Sec'y . to Librarian P . B. X. Operator 2400 . 00 1920 . 00 1300. 00 2580 . 00 1800. 00 2400 . 00 1800. 00 1980 . 00 1500. 00 1980 . 00 1093 . '15 1500 . 00 2520 . 00 201+0 . 00 1400. 00 2700 . 00 1500.00 2700 . 00 2000 . 00 1980.00 1500. 00 2100 . 00 1800 . 00 1200. 00 13~ �• • • • • • • • • • • ' • • • • �-51956-1957 Pul.1.irun, t.Irs . Sall; e M. fu.;ley, i'lrs , I.ct!isc Medaris, I-1rs . 11m·5m--et Olcl, t-1rs Vi_ ·cci_nj.a An1ick, Mrs 1\ieIP..ie Ford.barn, M1·s. kme Tucker, Mrs. Elcano1· H. S.Lgn1a. Chi 1951-1958 1200 . 00 11 '+9 . 00 2136 . 05 19·79. 52 900 . 00 900 . 00 900 . 00 900 . 00 134 1200 . 00 1200. 00 2256 . 05 2099 . 52 900 . 00 90t). 00 900 . 00 900 . 00 President G:i:oves stated for the information of the Exect1tive Co1:rrni ttec that the in ~eases in fac~lty salaries and administrative salaries,as approven in the foregoi 1g, total $29,197 . 00 . The estin1atec1 incr8ase i11 i!1co1ne 011 tl1e basis of an cnrol111ent oi' lr52 students for tl1e first sem2ster und !!•32 stt1clents fo1· the second semester of' 1957-1958 ( tr e sarnc en1·oln1ent; as 1956-195·-r), due to the increase in fee f1•on1 $525 to $600, sl1ouJ.a be $33,325 . 00 . Thus tl1ere should be additional incorne sufficient t0 cov~r t.l1e e.pproved increases in faculty sala1·ies and ad..111inistrative so..lai·ics with a net cash balance of $4,128 . 00 . T'ne report of the admissions office ,,as read sholring a total of 139 applicants ( 80 ?nen and 59 wo1nen) as of Jai1ua1--y 18, 1957, compared w.:. th 9h for the same date a year ago . A 1·eport of tl1e altunni off..i.ce lTac x·ead sl1owir1g a total of casl1 and pleclges of $12, 15.... . 0 fl·on1 511-5 contri butoi-·s t..s of JantHll'Y 17, 1957, compa1·ed witl1 $10,500 . 00 frviu 470 contributors as of the same date a year ago . President G1·oves reported the vrorl~ oi' the faculty in defi11in5 the dut:.es and p1·0ccdtu·e s of corinni ttee s of tl1e facttl ty . ~Ir . Lmie1·, the cl1airman , rec1t1.csted that cop:tes of tl1ese duties and p1·ocedu1·es be mailed to all the rnembe1·s of the Boru:·d of Trllstees . President G1--o·ves reported on the 1)ro1..iect of the Americru1 J\.dverti --ing Cotlncil to promote higher ed.ucation throuel1 a national advertising caJnpaign through a.J.J_ ava lablc mcdla for tl1e -c,ro yca1·s J.957 and 1958 . The cmwaign is to serve all colleges, publicly stip:901--·tcd, :9ri vatcly st1ppo1·ted, cl1urch 1--clatcd, 011d secular , large ai1d small) in on effort ·to a.rouse public interest j n the problems of colleges and tmi versi tics and to gain financiaJ. Sl'!.pport fo1· their p1·ogrc.n1s . A report 11as also 1n0.d.e of the meeting in Lottisville on Feb1·ua1·y 5, 195r{, of the college presidents and pttblic relatio11s of"'flcers of thP. colleges of t'1e Kentucky Indcpc11clen·c CoJ.lege Foundation to fo1·mulate j_ ts o,m advertising program to taltc place conco1ni·tantly with -~he natior1al program. It also ,ras poirited out that Centre College of Kentucky ,,ill r,lan an ind_ vidual pl"'Og!·am to ta!~e advantage of tl1is national progr·am, President Groves reported a very J mpor·tant meeting of all trustees of our cl1t11·cl -relo/Ged colleges to take l)lace at Junal'1.ska, Noi·tl1 Ca ·olina, near Asheville, J\l rth Carolina, the ,-,eel~ encl of June 28 through Jt1r1e 30 ,1957, 1mder the leadersh:i p of 14!' . Robe1·t II. "Tilson, chairman of the Board of the Standard Oil Cor.r_pa.ny of Indiana and other leading Jaym~n . Preside11t Groves eX!)resse the hope that a number of the n1cmbc1·s of the Board of Tl'tlstees of Ce ..1tre CoJ.lcge of J(entuclt)' wot1ld plan to at·tend tl1is conference . T11e following resolution pre1)ai'ecl by Mr· . Lively for autl10.i. j_ ty of tl1c �... • • • • • • • • • .. .. • • • • • �chairman of the Boa.rd of Trustees and/or the treasurer of the College to trans 1er secttri ties, etc . , vras adopted: ''RESOI,VED triat ej_tl1er tl1e Chair1nai1 of the Board of Trustees of CP.nt1~e r::o ller;c of Ke11tucky or ti1e Treasurer o-r Centre College sl1a.l]. r1::-1.,-•) full authority to exectti;c , cign and counterslgn any end U..:l ~:1.:cks n.nd drafts necessary to be exccutei on behalf oi Cent:-:e: (;o::..·.e3e o:f' Kentucl~y; to release any and aJ..l mortgages, lic11s, and other evide11ce of i ndcltcdncss; to seJ.J~ . assig11 and • trru1s f121· scc1.tri ties on behalf or' sctid Cen"'cre College of I(e ntttclcy; to e:'"ectlte all assign.111cn1;s or stoclc ccrti:t 1cates ai1d bonds, ,.,hethcr fer sale , t:::·a.11s fer or l'" erl.e1nption; to l)er for1n any and. all otJ1.er duties 1rl1ich n1ay be necesuary in exercising tti2 i'ox·Pgoing atltl1ority. 11 It was voted that the secretaxy convey to Mr q,i1d I•1rs . Don Cempbell the s ;ympathy of alJ_ the members of tl1c ExGcut::. v0. Co1nm:i:t,tce for l1r s , Carnpbell Is serious j_llne ss . Adjournr,1e11t . Pierce Li vc ly Sec1·eta.1·y �• , �CElfrRE COLLEGE OF KE:NTUCKY :Balance Sheet Statement - Operating Fund December ASS~S General Fund Cash in Bank Petty Cash Funds Jl, 1956 28,08J .45 1,000.00 29,083045 Notes Receivable Acco,m ts 1{eceivabl e J87 ~65 704.35 Due from o t}1er funds: Dvans~umrnll Scholarship Farris Fund Fund 84050 11,125.69. 11,210.19 Deferred Elxpenses Inventories Prenaid Insurance Total Assets LIA:BILITil!S General Fund Accounts Payable Accrued Salaries & l'1ages Feder al Taxes Withheld OSAI Taxes \'Ii thheld State Taxes \'/i thheld Hosni tal Premiums Withheld Salary Savings Premiums \'/i thheld 7,854.62 15,608.42 30,179.64 9.5 ,028.32 17,891.42 15,946.72 4,8JJ.27 720~60 1,223.19 212.62 126 .88 40,954.70 :Borrowed Money other funds: Prize Fund DKE House Fund 63,500.00 Due Prepaid Charges: Meal Tickets-Men Board charges, !lomen &serves: Ile search Program Gifts for Designated Purpose s Other Suspense 3 ,266 .08 229.91 • 8,240.58 9,427.27 17,667 .as 7 ,29J .J8 2,356.00 888.45 400.00 • 10,937,SJ Lichter Student Loan Fund Surnlus & Deficit Account: .. Accumulated Onerati ng Deficit Operating Gain, Dec. 31, 1956 s,ooo,oQ 141,556.37 70,832.22 24,J04.17 46,52a.os 95 ,02a.32 �• • • ' • ..• • • ' .-.. .. • • • • • • • _,. • I • • •• , • • • • • • r • • .. • • ' '· \ • • • ' -~ • '.... • .'· ... • ♦ • • • • • • •• I \ • • t • ., , • • • • • • • .. . .. �ClNTRE COLLEG:'D OF KENTUCKY Statement of Income and :Elx:pense Operating Fund December Jl, 1956 Educational & General • Auxiliary Enterprises Residence Halls, \-Tomen ' s Dept. Residence Halls, Wiseman Residence Halls. McReynolds Residence Halls, Breckinridge Centreville Dining Hall, Women Dining Hall, Men Tea Boom , ~'/omen Coffee Shop, Men Bookstore & Postoffice Inc.mr1_~-- ;FJx,p~nee _ 164,99; .09• 130 ;5 66c82* 12)359.00 6,6.55~13 2~560c00 l ,.5JO :- 00 7,360.00 2pJJ9.00 857 ,.16 1,1160.58 836 ,75 4,9110.54 1,770.72 1,126.6.3 lJ,68 (45 .4J) 16,099.20 44,199.24 Other Income-."Ekpense Gifts Gifts-Alumni Fund Student Activiti e s Health Service Vocational Guidance Athletic Dept., Men Scholarships & Aid Other Endowment .Real Estate Public Relati ons Alilroni-a.e 0ffi ce Bus Service Housemothers, Frat . Houses Central Stores l'larehouse Vliseman Annuity • 14,640 .. 99 29,931.71 11, 7.52 .58 5,000. 00 4 , 225 .oo J ,000 .00 12,068.00 5,735 .00 1,712.64 3,796.50 968.83 2,275,88 10.514.4.3 35,085~00 4,968,91 720.24 6,674~81 620.24 550,00 458.01 1,250.00 67 , 882 . 8.5 • ; 4J,49J.22 Total Income-~ense Excess-Income (iocnense) .. 2.52 0685 .55 228,381.38 ~ss 24 ,304.l? 252,685.55 2,52. 68.5 • See Schedules Attached • �• • • •• • \ ' • I • • • • • • •• • • • • • • \ • .. -. •• • • • I • • • ' • • • • • • • .' ~ • • • • • • ' .• ' • ' • • •• .• .. •• • •• • • • • • •\ • • ... •• • • I • ' .. ' • • • ' \ • �1.3R December 31, 1956 ScheduJ..Pa A, F.ducA tion & Gen~r .q]_ Income Stu,d~nt FPes Tuition & Fees OthGr Fees 108, 845 . 00 84J . OQ 109.688.00 End owment Incom0. Unallocat~d Endowment Earnings Real Estate (Gr oss) Restricted Endo\·1ment Earnings 22 .444.04 7,938.68 17,773.65 48,156.37 Gift ~...Church Boards Synod of~ - u. s. Bd . Christian Fd . U.S.A. 5,760.00 800 . 00 • 6 ,560 . 00 F.duca ti onn.l Rel at P.d Vocationa l Guidance • S88.72 164 ,993. 02_ Total F.ducat i onal & Gener a l Income Schedule~ F.ducqtionRl & G~neral El:rnense President 's Office :Bu.sines s Offi ce Treasur er' s Office Denn 1 s Office Registrar' s Office Dean of Students Offic e Denn of Women ' s Office Admissions & Stu. Pro. Gener al ickpcnse Bo -rd of Trust ees 6,322,59 4,440,45 2 ,628903 2 ,04800.S 1,816~94 993.65 1, 731 9 83 7,713:177 4,916. 20 11.90 32,623.,41 ~nstructionnl .Ex.t>Anse I 11s trl1ction Libr ary o,eration & ~aintcnance Total F.ducational & General Expens e • 6J ,2J4.JJ 5,191.12 29 ,517.96 97,943~41 lJ0,566 . 82 I �• ' • • • • • • • ' f • • . -. \ ' • • .• Jr • • ' • ., • , • • . • • • • ; • • • • • • • • • I • �MINUTES OF A SPECIAL MEETING OF THE BOARD OF TRUSTEES OF CENTRE COI,IEGE OF KENTUCKY The Boa.rd of Trustees of Centre College of Kentucl:y n1et pursuant to a ca J J of the Chairman at Lexington, Kentucl{y, Saturday, February 2, 1957, at 12: 00 I~oon . 011 Present were Chairman • Lanier and Trustees Gamble, Van \• inkle, Armstrong, Nevin, BaJter, T Faulconer, Poynter, Yerl~es, Diederich, Van Antwerp, Gosney, Wachs, W P . Caldwell, Rogers, Creger, Logan Caldwell, Blazer, . Benfield, lee, and Ll.vely. The Boa.rd met for luncheon at the Lafayette Hotel, and following luncheon the Chairman called the meeting to order at 1 : 15. Dr . Benfield opened the meetlng vTi th prayer . The Chairman reported an enrolllnent of four hundred and sixteen students on February 1, 1957, with twelve late registra- tions expected. The Chairman transmitted a report of the Alumni Secretary on the cond~tion of the current Alumni Fund campaign . The Cl1airma.n then stated that one of the purposes of the meeting was to consider the presidency of Centre College . Mr. Lanier made a statement to the Board and tl1en asked for an expres sion from eacl1 individual Board member of l1is opinion of the present administration of the College, particularly with respect to the office of president . Each member did so express himself, and at the close of tllis discussio11 it ,ras moved by Dr . Benfield, seconded by ~lr . Blazer, and unanimously o.dopted as follows: 11 T11at the Chairman of tl1e Board acquaint Dr . Groves with the results of �• - • - • • • .-- -· - \ l ,. • • • J I t , ' ... • • - • • • • •• • • • I • .. • \ r J .. • , - • I - • ' • - I • • .. .. • t ~- ' I • ... • ,. l • • • •I • • I ~ " I ..., • r .. . 'I • I - ·- .. \ 1 • • • - ' • • ,. r-. • • • • • J • • • . • ., • • J .. - .. \ , f •• • .. • • •• •• - • .... • I , I •• .. • I •• .. .. • • I .. • • .. .. • I• ,. \ • • I ..,....• • • ' .... .. • ' , I • •• r • \ • • • • • .. r • I 'l • ,. I,, • .. ..-... " ~ ' I • 1 • • , \ " - • • ,; • -, I • I -. .. I I •• • �.. 1.40 the meeting of today 1-ri th the support and confidence of the Board. 1 Mr. Lanier then stated that the other item of business to be brought before the meeting was a request from Dr. E. Fay Campbell for a statement of policy by the Board with respect to integration of the student body of Centre . The folloWing resolution was tl1en moved by Mr . Lee, seconded by Mr. Van Winkle, and unanimously adopted: "The Board of Trustees of Centre College of Kentucky, recognizing the responsibility that Centre has as a Christian college for a.dmitting aJ.l proJerly qualified students, reg::ixdless of race, is seeking ,,ays and means of pt1tting sticl1 a policy into effect in a manner and at a time that will serve the best interest of aJJ concerned. " There being no furtl1er business to con1e before the meeting, it was then adjourned . Pierce Lively Secretary -2- �• • .. f • • • ' •• , • ' ,. . . •• ,,.. , , •• \ • • . ., •• I ) I • • , .., • 'J • r • , • • • • ., • r .. . • • • I • .. • .. .. • • •• • • .. ... ., • • ...... ' .. ,... • . . • • .. , • ' ' . , ,. • . ' ' ..:f • •• • -. �MINUTES 1-feeting of the Executive Committee Febr uary 22, 1957 The meeting ,,ras ca.J led to order by the chairman, Mr. Ike Lanier . Prayer was of fered by President Groves. Pre sent we1·e Messrs. Lanier, Gosney, llachs, Van Winkle, W P. Caldwell, . Campbell, and Ll.vely,and President Groves. The minutes of tl1e meeting of Jar1uary 18, 1957, were approved as 1 reviottsly mimeog1·aphe(l and circulated . the absence o.:.. Mr . Arni car, tl1e business 1nanager, Pre sident Groves made a report on the currer1t financial 3ituation . In this report it was pointed out tl1at ,,hile aJ.l expendi tlu·e s ,,ere \ri thin budget expectations, there vrere several II sof't spots" in cash i ncon1e . I11 The first is dt1e ·to the large numbe1" of drop-outs between the fir st and second semesters, sor1e 51, tl1e largest number in at least a ten-year period. A number of factoi·s contributed to ·tl1i s situation including an unusual number of murr-i ages among women students, 17 stude11ts dropped for poor scholarship as ac:sai11st a usual ten or eleve11, and several more dropping out because of poox· acad~mic work, thottgh not suff'icient to have l1ad thern dropped, but wi tl1 tl1e::.r a0.a-J.emic si tuatior1 l)lus ho1ne situations created by flood conditions i11 eastex·n Kentucl{y, thej• p1·obably thought it advisa1)le not to rettn'n . Tr1is si tun.tion has resulted ::. L a decrease of $7,000 in 1 expectations fror.1 student income . Gif'ts f:rom the U.S . A~ Cl1urches l1ave ..:'al)~!l behind to some e>..~ent . Thi s situation n18y 1·e ct.ify itself before the e11d o f the fiscal year, but at the present ti1ne it has affected adverseJ.y the cash situation o f tl1e college by at least $1,500. The college alc-o did not receive tl1e $16,500 from the Board of Christian Education of tl1e Presbyte1~ian Church u. S, A. , and cannot do so until a nd \lnless tl1e General Assembly i n May, 1957, rescinds its action of the , n1eeting of May ,1950 . F1no.lly the cash receipts of the Ke11tucl:y Independent College Foundation are behi11d those of the srune date a year ago, though it is hoped that before the end of the year the expectations from this source will be realized . However, President Groves pointed out that apart f'rom the $16,500 f':rom the Board of C11r istian Education tl1ere pr obably would be Qeeded at least an additional income over pre sent expectations of $5,000 qctween now and August 31, if the opcratior1s for the curi·ent year are to end in balance . Mr. Ll. vely reported on trie sale of the \ilalnut St1..eet property for $!~, 200 at a p11blic auction held Janttary 25, 1957, in acco1·dance with pre vious authori zatio11 by the Executive Connni ttee at its meeting January 18. President Groves reported tl1at he had advised Dr. E. Fay Ca.rnpbeJ.l �• • •• • .... • • .- • .,. • • • • • • . ) • • r \ • • ' • • • • • • • I �of the Boa.rd of Christion Education of the Presbyterian Church in the U. S. A. 1.42 cf the unanimous 1·esolution of the Doard of Trustees on the subject of inte(3ro.t ion adopted at the specir,l rneet.:.ne, of the Doru-d of Trustees on February 2,1957, P1·es · dent Gi·ov~s re1Jorted a letter fl"Om t l1e Board of Christian Educa- tion of the Presbyterian Church U. S. A. allot ting to Centre College o 1' KentucJ:y 1, ~,QC i11 1957-1958 f'ro1!l s1leciaJ. funds for facu l t)' saJ.ru:·ies on co11di tion that tl1e college mate these ftu1ds by a sum three ti, es tl1is runount. Tl1e action of tl1e Executive Co i ti..ee of January 18 n1ore thar1 :f\1lfi.lls tl1e conditions to enal le the College to rE.;~e ve this gift, ru d tl1is l1as bee11 reportecl to Dr. Camplell . President Groves reported for the Trustees' Committee on Honorary O:crees . Tl e Conn i ttee recon1.,1ends that the :i!xecttti ve Corn1 .ittee of the Board of Trustee s submit to tl1e r"\.u.l Board tl1e follo,ri11g candidate s fo1.. honorary degrees . For the dec;1'"ee of Doctor of Lav1s, tl1e Jfono1·able Sherman .. dams, also to be t he co1,u.1encc1 ent speakel'· . ,-1110 is For the deg ee of Doctor of Lc.1.1,rs, D1· . Fred ll . ttorrison of ,-1ashingto11, D. C. , senior !)artner of tl1e la,., f J.r m of G ,. &1er, t,1orJ·ison & Rogers, 1d t ustee of the Vinson llemorial Fo mdatlon . Fo1~ the deeree of Doctor of I.ette1~a, tvll·. Arthur Krock, \lashington Corre spo dent 'or tl1e Ne,, Yo1· Tiriie s . For tl1e l1onora:cy degree of Docto1.. of Di v·i11i ty, the Reverend J . Brent \food, pasto1.. of tl1e Strat lllloor Presby-cerian Churcl1 of Louisville, Kentttclcy, and ai1 alumnus of Ce11t1"e College of Kentucl~y of t,l1e class of 1927 . It ,..,o.s mo,,cd r.'! Jld carried to approve ·cl1esc recoinmendations w1cl sc11d them for final approval to tl e memlJers of tl1e Boa1·d of ~l'rustecs . President Gl'·oves 1 eported a total eru·olr1ent fol' the second sen1este1.. of l 15 students as compa1..cd ,,ith 403 students tl1e second semester of 1956. 1 Pre-registration fo1.. the F~ 1 of 195'l st 1ds at 168 Gtudents as co1nPaJ."ed vn. t h 112 students t11e same da"Ge a yea.i· ttgo . President G1·0\res urged the various c )1nr11:i ttees appointed by the cl1airmw1, lvl1·. Lanier, conce1·ne,l \1j_ tl1 the fut e devclo·) ,e 1t of Centre College , to mal·e their r eports as soo 1 as possible i11 01·de1· thc.t ,1ans migl1t be made for the future devel opment of the College . President G1·ovea read a re ort fron1 i-1r . John vl. Frazer of his ,.,,ork in Atlanta, Georgia, unde1-- tl e directlo11 of llr . l?alpl1 l'-1inker of \.lard, D1·eshlnan, & Reinhardt, vl · cl is co 1duct · 11e a co.rnpai.G,- ,n ti1 1 the P esbyterien Chul·cl of the ynod of Geer O ~a :fo1· tl e \.lestmi11stcr Fotl .d ~tions at the various taxsupported universltlcG o~ che state . A report ,,as read from I~r. Ensmi11gc1.. , alumni secretary, in wl1lch 11r. Ensmingc1.. po~ntcd out that to da e from 63G co11tributors cash and pledaes or the 16tl1 fund toto.l 15,190. 64 . Thio co109a.1·es ,nth ~~12 ,000. 62 from 523 contributors at the __ e date a yea1· ago . It ,,as votcc1 to hold the next mectl11g of ~1 e Exe cu ti , ,e Coinmi ttee in D . ville at 2: 30 p . ,1 . , Fr., day, Marcl1 22 , 195 ·. Meeting adjourned at 2:40 p . m. Pierce Ll ve ly �' • . .. •• • • • - • • '• • • • ' • • '• • • • • .. r .' • • • • • • l • �tvlinutcs Executive Committee Meeting March 22, 1957 The meeting 1vas called to order by tl1e chairmo.n, Mr . Ike Lanier . Prayer was offereJ by President Groves . ,1. Present were Messrs . Lanier, Campbell, P . Caldwell , Logan Caldwell, Wachs, Van Winkle, GosJ.1ey, Armstrong, ru1d Lively, ai1d President Groves . The mi11utes of the meeting of the Executive Committee of February 22 vrere approved as circulated . A report from the alumni secretary was rend by President Groves showing tl1at to date for the 16tl1 alunu1i fund there have been 721 contributors for a total of $16,770 . 14 in cash and pledges ns compared with 519 contributors for o. total in cash and pledges of $11,712 . 50 a yeo:r agov In commenting upon this improvement, Mr. EnsminJer 1-rrote, "\-le have received a number of letters from o.ltunni to the effect tl1at the mailing of the Lexington Herald leader page was quite timely and tended. to i11crease alunmi pride in Centre . " A report 1'rom tl1e ndmi ssions office was read by President Groves showing that to date there are 185 applicants for the Fo.11 of 1957, as compared vri th 139 appl icants the some date a year ago . Mr. Arnicar, the business mo.no.ger, reported on the fiscal operations of the college for the current yeo:r ~hrough February 28,1957 . On motion it was voted to receive ru1d f'ile tl1is report . (See copy attached. ) Mr. Logan Ca.ldwell, treasurer, reported t otal KYSEC receipts today of $133} 703 . oo. Mr. Co.ld1roll further rep orted thc-.t he had been able to pay off the $20,000 . 00 11ote to tl1e Endowment Fund and hacl a sufficient balance to take care of the next p1·incipal and interest po.yment due the Kentucky Trust company. With the payment of that amount, the College will still owe on its note to the Kentucky Trust Company $63 ,750 . 00 . Mr. Arnico.r, the business manager, reported on two thefts of petty cash from the college bookstore . Following discussion, Mr. Arnica.r was authorized to investigo.te the possibility of insurance agai11st this kind of thef~ from the bookstores o.nd also other locations at the college where cash and valuable equipment are located . It was voted to request Mr. Lively, secreta.1·y and legal counsel of tl1e College, to investigate our present insurance coverage of liability and medical payments, to determine the extent of the present coverage and the possibilities of wider coverage together with cost for tl1e same . President Groveo reported on tl1e budget 1~or 1957-1958, and accompanied the report with a number of recomrnendations . It was voted . to accept the i·eport and to send a copy of the reconimendatio11s to the full Board of Trustees with a request for their observations . No act~on was to.ten on any of the recommendations so that there raight be time for wo1·d .from c.cnbers of the full Board and also further time to consider the matters proposed . President Groves reported tl1at tho College had just had the distinction of being awarded a second W11i t11ey Professo1" by the John Hay Whitney Foundation of New York City. This informo.tio11 was given to the Exccuti ve Committee in �. • • • • • •• • • • •• • • ' • • ·- •• .. • • • , ,.. \ ' • .. • • ·' ,. • • • \ • • , • •• 4 • • • • i • .. ' .. '. .• .. • • ' •• \ , • • . .. ' • .. I \ • , • ' • ~ •• • J . .• .. • ' ..' .,;J ' .. • • - .. .. • .. , ~ . .. • . .. • • • • .\ ' ' , .. , I J, • • ~ • • • • \ -·· • ~ ' • I •• • •• • •• • • • \ .~ •• . .- • • • . • • I • •• • • I • .• i • .• .. • ' • • • • ... • •• , .. • • - • • .. .. • .. ( • ' .. .. • • • \ • • • • • •• • • . • ' .. • . • . .. • • •• • ) •I • , • .. I• \ j • • • �• :14d. -2- confidence and it 1ras stated that no publ ic announc emen t of t h i s appoi ntmen-'~ sh ould be made ut::·.1:L , ..c.,_"d :1ad been r ecei ved from t h e Whitne y Foundation i n New York City. The appointee ic 1)::- . HornA].J. Har~·.. p.rofossor of sociol ogy at Duke University. Dr. E~l,.,--:i, ..::~.,l l'.is 1u1d.:.~1~1?)·0.duo.~f '..rorlt at Oberl:i.n and h i s g:,:a duat e wor k a t the Uni VPl"E~.t-:.r of' vrisc0nsj.:i tL"'lcl_ +"he [it,a~e U:ii vers:i t y of Iowa . He has 4 tau ght on the facul ~tea of the Stat,t! U11i \"e~sj_-f;y of Io1va., Bryn Mo.1-rr Col l ege , Hartfor d The ol ogi(!al Se- :ni11ar:,r} anct l1ns been at Dul{e U11i versi t y s i n<'e 1938. He is a well - known author o.nd l~cturer in his field . Centr e College of Kentucky, o.ccordi11g to the t.erms of t he arr angement, wil l pro ..tide Dr. and Ivirs, Hare with ru1 ap.,.rt'Tl~n-'c and n.lso add $:,Boo to the grant of $5,700 from the Wni tncy FolLridatior.. fo1" Dr t- l{n..1·t 'e: s ·,J_m•y o President G:::-ovcs re1)ortcd t.he c~9.:..oyme 1t o-:: !if:"., Robe:---t 0oC'anaugher , a grad·1at-,'-~ of th'= class of 1?54, a··:, pres011t a membn·c of the f8/'~U: -f:,y of Southern Hig~1 Scl1ool i n Louis,rille, Ke11t,.1elcy: as instrtlctor in the J:epartment of Education at a s alary o~ $3,600 beginning Septefilber 1, 1957~ President G:r·ovos 1.. ead a l2t,ter of Mru:·ch 6, 1957, f'rom Dr.1 E > Fa y Co.mp bell, secretary of t he Div:..sion o f Higher Education of the Boa~d of Christian Education of the Presbyterj.ru1 Cl1t'.rch in th0 U. S Ac, as follows con cerning t h e r esol u tion of the Boo.rd of Trustees taken at its meeti11g on Febr uary 211d on t he matt e r of admission of I~egro students . The letter reads as foll ows : "Dear Presicle11t Gi-·oves : Thunk you for your letters, I am particu2.arly i nter ested and gratified with the actic1n of .lr:;bru:iry 211d and shal.l present this to our Advisory Committee on Co.l.lr;g~s 011 Mm--ch 28tb . S •i ncer ..!l~r yours, li1o.}r Camp bell ( Signed) E'- Fay Campbel:., Secretary Divi.sion of Higher Education" Mr,, Jaclc M. Van l'1in1ue, ch~irm!ln of the special comrni ttee of the Trustee s on the Christian Aics and P~pos,:'s c:f -~.he College, read the :report and recommen dations of the Committee consisting of Messrs. Van WinklG, Wachs., and Gosney. Th~ recomrne11dation includes a substitute par'lg-..1.~ap:t. #~ for the present paragraph 4 of the Charter and Agr.eemc:1t of Ccnt~e CollE ge of Kentucliy, c..i:1d also recornrnends an c~dru:tiona.l phrast:~ to ·che rece11·~ J.~, 9;,1e?1ded l)aragraph 6. Both 0f these rccor.tlllC'11datic)11s are atte,ched. A~\;en~io21 is cal led to thE.w. Act.:_011 ·wi..lJ. be ta]~e 1 "tpon th2m in tl1e mc:etin.g of the f'ul.l Board of Trustees on May JJ., 1957. Pres ident Grovl;!s rei1orted that twenty of the tT/1:!nt.y-four trustees hc.d se11t in o.ffir11at•.i. ve votes for tJ.1P. honorF.w."Y d0gr~es cf JX:l•~t.oJ.~ of Laws for Governor Sh1:?r1nan Adnms 0.11d Dr, Fred \1 ., 1',.foi:·r .i.son, f or ·l.ih~ c.')gr~e 01· Doctor of Letters for Ml··. Al·tbllr !(rock, and f..:>r tl1c degree o"!' toct.01· of Di vini tJ· • for the Re,1ere11d J ~ Bre11t \7ood, Al.l four :1a,re Jcen r10\;ifie<.l of this action by the Board of Trustees . 1 AD. oil pa.i11ti11g port1--a.i t of Dr... Ro hA1·t J ol111s to!"l McMulle11, president of Centre Coll et:)<-: from 1944 throug,1 1946, ,-1u9 0:1 display in Yr ~s iden~ Groves ' office . President Groves repor~r d 1;ha~) th1~oug11 tt1e goneyosi:ty of a numbci-- of �•• , • .. ' • • . • • ·' • • # • . ' • t • •• ' . • • . • • • •. . • .. • ., \ • • • .. • .. • • • , • .. • • • • • • • ... • I • • • •• . • • • . - • .. • • • • • �classmates of Dr. McMullen and especially of the portrait painter ✓ Arthur Edwin Bye, this portrait had been made possible. presentation cercmo11ics of this portrait be made It was voted that proper a part of the commencement exercises in June 1?57. President G,·oves and Mr . Lively reported on the situation pertaining to the McChord Schol~~ship, a scholarship established by a gift of $1,000 by Dr. R. c. McCho:::-cl. of ie b:mo11 sometime prior to 1889 at CentraJ. University, which became a pl".rt of Centre College of Kentucky in 1901. After hearing the report, it was vot~d tl1at Dr. G1·ovcs reply to Dr. Cho.rles McChord of Lexington, Kentucky, eon of Dr. R. C. McChord, the donor of the scholarship, sett ing forth the facts us revealed by our records which indicate to the Executive Committee that the scholarship is no longer in force. President Groves displayed the kit fl:-om the American Advertising Council designed to f orwu.rd the prog:rrun of higher education at all colleges in this country 1 and it was agreeu that plans should be made by the College to make every use possible of this advertising . Mr . Wachs jmmediately stated that his paper would be 1nllii1g to use so~ of the advertiseme11ts for Centre College of Kentucky without any cost to the College . The offer was accepted with gratitude . The meeting adjourned at 4:15 p.m. Pierce Livcly,Secretary �• .. • J • .. , • \ • ' • • I • • .. I • • I• • ' l • • • • I • .. . • • r ~ • • • ... • , • •• • I • • I ! • • ' ,. • • , • • • • I > • V • • j • • • • .. • .• • .. • • • • - • • \ • • • • -· . .• ' • • • -. • • • • • • • • • • • ~ \ • • '• ,. • l • .. • I • • • . ... • •• , •• ' i •• l • • .. • I • \ .. I • �CENTRE COLLEGE OF KENIDCKY l3alance Sheet Statement-Oper at i ng Fund ASSErS Gener al Fund Cash in Bank Petty Cash Funds Februar y 28 ,1957 l l ,8J9 .J6 1 , 000 , 00 12 .BJ9 .36 Notes Receivable Accounts .Receivable Due f r om other funds : Evans-S11mr ~ll Scholar ship Fund Farris Fund General Scholarship Fund 387 .65 28, 907 .46 139 .50 lJ , 084. ? l 125 , 00 13 .349 . 21 Lichter Loan Fund- Notes Receivable 500 . 00 Defer red Elxpenses Inventor ies Prepa id Insurance Suspense Account 7, 854. 62 15 ,804.26 29 , 427 .61 150 , 00 109 ,220. 17 LI.A.BILI TI ES General Fund Accounts Payable Accrued Salaries & ~la.gee Federal Taxes vii thheld OSAI Taxes \'Ii thheld State Taxes Withheld Ro spi tal Pi emi ums l'/ i thheld Salary Savings Premiums \'Ii thheld Due other funds : Pr i ze Fund DKE House Fund Prepaid Charges: Meal Tickets - Men Board Char ges - Women .Reserves: Resear ch P:rogram Gifts for Designat ed Pur-oo s es ... Other J,1J7,4J 16,168. 16 4 ,8'73 . 07 ?97 . 79 895 .65 281 . 97 136 .88 J ,J6J .58 229 , 91 J ,593 .49 19 ,160.24 23 ,336 .26 1, 778. 83 2,621 .00 836.05 Li chter Sturlent Loan Fund Surnlus & Deficit Account: Accumula t ed Operating Defi ci t Operating Gain , Feb . 28 , 1957 • • • 5, Q00, 00 70,832 .22 97,235 .57 26 ,403 .35 109,220. 17 �• • .. .. • •I .. • • - • - • • • • • • • • • • t • • . • • r • • ' • I • • •• • • r· • ' • • - ·- . . ' '• I •• ,. I • • ••• ,. '. .. . • - • I • • • • • • .. • ,. ••• • .. • • • • , • • • t - .-- -- - • ( .• • • • , • .. . • '\ L -- • • • • • . .. • ' • • •• • • • ' • �CENT.RE COLL~GE OF KENTUCKY St a tement of Income & E.xnense • Oper ating Fund February Income 106 ,221 ,86* F.d.ucational & Genaral Auxi liary En terpr ise s &11 , Men Tea Room , \'lomen Coff ee Shop , .i:1en 13oolcstor e & Postoffice Sub Total 'Axnense , 196 ,495 , 80* • Residence Hall , ~Tomen I s Dept . Residence Hall, \·liseman Residence Hall, McReynolds ltesidence Hall , Br eckinridge Centr evill e Dining Hall , \iomen Dining 28 , 1957 • 23,596.00 4,510.00 2.805 .00 lJ, 905 .00 J,653.65 1,344.97 1,772.89 41.29 30 .65 22,590.10 74,249.55 9,518, 89 1,489.40 1,097 .79 6 ,780 .44 3 ,240 .61 20 ,160 .45 42 ,287.58 Other Income - E;,cpense Gifts Gifts-Al11mni Fund Student Activities Health Service Vocational Guidance Athletic Dept ., Men Scholarshins & Aid Other Endo,ment Real Et,tate Public Relations Alumni-?e o~fice :Bus Service Hou~emother s, Fr a t. Houses Centr al Stores \IA.rehouse ·/ iseman Annuity 24,817.6J 11,000.00 4,225.00 J ,000 .00 12,452.45 8 ,239 .63 2,462 . 80 3,996.50 l ,J27 ,40 J ,271 .67 12,857 . 87 66 ,955 .00 7 ,J'-'6 :17 1,565.33 9 ,727 , 91 913 ,.56 775~00 715.56 1,250.0Q 66 ,197 .51 Total Income- Exnense Elrcess- Income (Exuense) ... 110 ,701 .97 446 ,720 .?2 349 ,48_5 .35 9? ,?,.35:52 446 ,720 . 92 *See Schedule Attached �• • • • • • ' • • • • • • • • •• • • �:14R Februar y 28 , 1957 Schedule A .Jiucat i on & General Student Fee§. Tuition & Fees Other Fees Income 212 ,909 . 00 1 ,890 , 00 214 ,799 . 00 Endowment Incomf Unallocat ed Endowment EP...rnings ~eal Bstate - (Gr oss) Rest r icted Endowment :Earnings JJ ,280 .58 14,401 .09 27 ,269 .60 74,951.27 Gifts - Church Boar ds Synod of Ky . U. S. Bd . Chr istian F.d . U. S .A. 7, 21J . 80 soo .oo s , 01.3 .ao Educat i onal ~Jelated Vocational Guidance Resear ch Progr am 2 ,009 .79 6 ,500 . 00 8, 509 , 79 J06 , 273 . 86 Total Educa t ional & Gener al Income Schedule l3 ~ducational & Gener al Exnense President ' s Of fice Business Office Tr easurer 1 s Office Dean 1 s Office i1egistr ar 1 s Office Dean of Student ' s Office Doan of \iomen 1 s Office Admission ' s & Stu. Pro . General :Dnense Board of Trustees 9,508 .32 6 ,525 . oa J ,210 .43 J,028 . 00 J , 014. 75 1 ,574.JJ 2 ,522 . 6.3 11 ,493 .79 7,109 .10 11. 90 • 47 ,998. JJ Instructional Expense Instruction Library Ouera tion & l1aint enance Total :&iucational & Genera l Expense 94 ,942 .77 7,645 . 86 45 ,908. 84 148 ,497 . 47 196 ,495 , BQ �• • ... • • •• ' • • • • • • • • • • • • ' • ... • • \ • • • '• • • ( • .... I • • - �CENTRE COLIEGE OF KENTUCKY Budget of Income 1957-58 Operating :Fund Educational & General Student Fees Tuition Other Fees 253 ,675.00 2 ,325.00 256,000 .00 Endowment - Income Unrestricted - Securities Unrestricted - Real Estate Restricted Gifts & Grants Church Boards & Churches Living Endowment Alumni ?und Vocationo.l Guido.nee Gronts - Research, etc. other Sources Auxiliary Residence Residence Residence Residence Enterprises Halls, W omen Halls,Wisemon Halls,McReynolds HoJ ls, Brecl~ Centreville Dining Hall - Men Dining BeJ J - Women Tea Room Coffee Shop Booltstore & Po st Office Intercollegiate Athletics 66 ,000.00 5,000.00 31 ,415. 00 102,415.00 41,000 . 00 36,000 . 00 17,000.00 6,000 .00 16,700.00 116,700.od 5,850. 00 24,760 . 00 5,355 . 00 3,205.00 14,325.00 6,438. 00 2,362 . 00 3,230 . 00 190.00 450.00 1,250.00 12,100.00 '73,665. 00 Student Aid Gifts Endowment Total Income 10,100.00 18, 000 . 00 28,100.00 582,730. 00 �.,' • •• • , "• ~ - I •~ . ... • • l • .. .. •• • .... . • ... • • • . • • • .. ..• • >, • .. • .. •• ... ; .. ., .. • • : •• ~ I ... •. •I • ' •J -' , ' • ., • • r •• • • I• - .. ., \ • ! ••• '' -. ' "'' ... • . • ' . • • • ' , I ,f ... • - • • . .., •. • ., rt<• I ... .. • .. ,. • .. • • '· • • • • ,. ' • , • .. .. •.. -· • ~- - •• • •r : • • .. • • .,.. .: ; .. • • • . •.• • ., .. ... ,, I I\ , .. • •• .• ' ' • • ( .. •1 r• : • ~ .. . • • • ; ' . .. .. • ·- , ' .. • :, '. • . • • ~,- .. . • •• . - • ' • • • .. • ' • • • • . .•. .. • ' , '. • I • • • • ~ • • • • • I •• I • • ~ \ .. ' • ~ ' .. • ~ • • • I -'• I ~ '1 .. • c:, ,... . I • ' 'j • ~ ...• . ' • .... ~ • .. • ,, . - -·-· .--··- ••.. ...•- ·r • • • .• • ·-· t .• •.. ..l. " . .., • • • . • •( ' • •• • • •,. •• • ' • • • I • ' �• :150 CENTRE COI.T,EGE O KENTUCKY F Budget of Expense, 1957-58 Operating Fund General Admi nistratio11 President ' s O fice f Business Office Treasurer 's Office ~an of Facult:y· Bvard of Trustees Student Services Registrar's Office ~an of Students ' Office Dean of W omen ' s Office Student Pastor Health Service Student Activities Vocational Guidance Bus Service Staff Benefits Gener al Institutional Expense General ' Al.,1mni Office Assistant to the President CoIIUJUnications Publ icity Office Student Promotion & Admissions 17,590. 00 13, 150. 00 6,440 . 00 6, 640 . 00 100. 00 43,920. 00 5,095 . 00 3,350. 00 4,815. 00 4,195. 00 4,225 . 00 7,120. 00 21600. 00 31 , 460 . 00 18,745. 00 ll,955 . 00 16,580. 00 8,925 . 00 4, 020. 00 1,525. 00 18, 300 . 00 61 , 305 . 00 Instructional E?4?ense Departmental & General Library Operations & Maintenance Auxiliary Enterprises Residence Halls , W omen Reside11ce Halls, Wiseman Residence Halls, ~1cReynolds Residence Halls, Bree~ Centreville Bool<store Intercollegiate Athletics Student Aid Annuities Total E..'{!)end.itures 211,092 . 00 16,995. 00 81, 952. 00 310,039. 00 16,191. 00 2,940. 00 1, 923. 00 . 9, 973. 00 5,500. 00 15,222. 00 51,749. 00 67,000. 00 2,500. 00 586,658. 00 �I I• • ' • • .. •• • • • .. • • • • • .. ... • • • • • ' • • • .. • • •~ ~ I • •• - - • • • - • ' • • • ... .. • • • \ ' ~ ·- • • • • I • • • , • • ' ' . • ' .. ..' • • . • • ' • . • - ' ~. .. .. .. .. • .. - •• •• • • " , : ; • • • • ~ • • , -· , . .. .. .. • • '. ., • I .. ,, -'. • • • .., • •• • ·- ... ... . • ' • • I .. • . ., • .. • • - • ~ \ .. ' ... . ~ • • • • .. •' .. • • • _, • ~- ·- ..• • • .. .. ••• • • • • • •. • ) \ ._ •• • .• • .- c.. I ' •• - • • • . - I • .• - • •t • • •• • • • • -- • • • ' ~ • •• • • • • • • • • • • • .... .. . • .... • • • • • • • �151 BUDGET FOR 195'(-1958 tvir. Art1icar and I l1ave done abol1t all the work that is 1)ossibJe at ... the present ~i1ne 011 the budget for che year 1957- .1_958 . The budcet is based, as will be . . eer1J on income from an esti11atec. 0:u-0:l.]_!Ilent of ~50 s-'ct1dents for tl1e f'irst semester and 420 st.Ltclents for the se.co!1d semc~s·ter~ These enroll ment es Gin1at:es c..i-·e prL.cticaJ. iden-tic~l wJ. "!-.h er.-..1:o.l:.mt""•1~t for 1.95()-1957 It is tr1.1e tl1at :tpplications as of tl1e presen·c date a1·e so~ne 50 more tl1e.n app].i cat.ions t,lie sa--n~ date a ye..u:.c c.go, bu·t it is not our opini on tl1at we can coun ~ or1 a bet cer enI·ollrne11t nexc year than this yea1·' s, in vie,., of the fact that in the firs ·t _>lace our gractuating clas..-; in j"tme 1957 is s01ne 20 student;s m,:-r,_') than the gradt..a+ inG class oi.' ,Jt'!.ne 1956, w:~d also j_n ,,i~T,.r of the fact that ~ .:.-·~1tl1e in1_proved acC4.d~mic s·ta.'1d· 4rds arid tl1e increase in stuc=t~11t fees for ne:::.t year·, there is l:i.kcly t0 b~ a larger mort2.li ty among stuc:.ents no~, en1·oll-:d then the1"e ,ro.s duri11g t,11e past year .. .J :-· $ It \-rill be noted that the present budge·t a111:ic ipates a deficit, of ,ooo ($3,958 ) . pared. The follJ vring it~ems should be 11oted i11 trie budget as it has bee11 pre - 1. Ertr·aorcli11ary repairs mnotu1ti11g to $9,000 (Repair of 1,oof of OJ.f. Maln i . r, )00, ne,r f\1r11ace fo1· Li bra.ry $1, 500, and a ne\-1 l1ot water heater fo~.. women 's durmi tories $3J000) have bee11 8.!":lo1·•cized over a three year pe1·iod so that 011ly $3 .,000 of' this total outlay of $9 ,ooo l1as been included in tl1e budget . 2. Ilotl11ng l1as been included i11 the budget for r1ecessary repnii-·s on the stadium, ( See later recommendatio.1.1) . 3. Nvthing has been included for screens which have been requested especially by I1.r· . Kellam for tl1e ar-c studio for the Weisiger Art, & Music Building . 4. Salary, travel and entertainr.1ent, etc . , for the presidenJc 's office are tl1e same as a year ago . It may well be necessary to mal<e sizeable increase here . 5. Tl1e item for a student pastor has bee n omitted entirely. later recommendation) . ( See 6. Brochui--es fo1"' student promotion have bee11 amortized over a t,,ro ye&r period, that is, only $1Jl00 has been included in the budget whereas the ac-cual cost vrill be $2,200 . Tl1e reason for this is that the $2,200 will cover a two - year sup~ly of these brochures . 7. sl~ings for the alumni of~fice have been cut $600 . 00 ,for the publicity office they have been cut $100 . 00 , attendance of faculty at ~rofes siono.l meetings has been cut from ~;1 ; 000 to $500, and the i tern for faculty re search has bee11 cut from $2,000 to $1;500 . Tl1ese are very qtlestionable cuts, if our faculty is ·to be encouraged to keep abreast of ne,., n1aterio.ls in their aree.s, but there seemed to 1,e nothing else tl1o.n to mal-te tl1ese cuts . 8. Nothing has been included of tl1e request for new equipment ond ~"epJ.acements i11 tl1e dining halls ·totalling ~;5150 . 00 ( See later). • �• • .. • , .. • . , • .. ... .. ' .. .. r I \ ~ ,. • • .. • • , •I , • • , ., • • • ~ , t , ,... • .•. • • \ • • • • • • • .. • .. �152 _____ Btldget - 1957-1958 ( Continued) - - -- for _____ " Page 2 9. The reqtlest of' Dr . Cook of' $900 . 00 for tl1e purchase of 11ew micro scopes for the Bi<Jlo 0 y I'epart1nent has been eliminated, thot1gh tl1is is abottt tl1e tr i1·d year i11 a r·ow tl1at Dre Coolc l1as n1ade tl1is request . Tl'1e i·'ceras for· tl1e ptlrcl1ase of nE:.1.:r boolcs e.nd periodicals f'or the li b1·ru· are t"1e so.rue as they have been for the past se,~ere..l yea.rs, thougl1 t11ese amom1ts ob~viously arc lo-;-rer tr1an tl1ey sr.1.01.lld be if our lib1·ru:·y is to be maintcined at standard . 10 . 11 . The o.sl:ings for the departme11t of' i11tercollegiate athletics have been cut $500.00 . 12 . Stuc.lent aid through schola1·sl1i·os l1as bec11 budgeted a·t $67,000, thougl1 it is a ve1·y serious qt1esJ.:.io11 as to vrl1ether it can be lr:.ept at this le 1el wi·chout sei•lously i11te1•fer:cin~ wi·tl1 enrolli.nent .. REC0i,1r IErIDATI OIIS . 1. It is 1·ecommended that dorrni tory room rents for men a11d women be i11cre&sed $10 per year, ma1 .. in 6 tl1e aimual room r ent $180 instead of $170 . Estimated inc1·e£.i.se ir1 inco1ne if tl1is is doi1e is $2,665 . Ne, i11creases are recommencted for i'l:ate1·11i ty l.ouse 1·00 ~ rents wl1icl1 already are $200 pe1' student . 2. dd an annual matriculation fee of $10 . 00 for every student . Estimated aa.c i tio1 r 1 i11come $4,700 . 3. the basis of tl1is addi tio11al an11ual income, add to tl1e eA'PendittlI'e budBe t an i tcm for amor ti zatio11 totalling $5,000 per yeru· for the time being, this item to ue used in the first instance to pay off the operating deficit . Ac soon as possible, t11at is in the next year or two, tl1i~ iten1 should be increa3ed to $10,000 a yea1· . On \·Then the accumulated deficits of tl-1e or)erating fund l1ave been talcen co.re of by way of ·tl1is ruuortizatic.ln i tern, it the11 sl1ould be used as a :f'w.1d acting as e11do,mie11t, the inco1ne onl)' to be used annually . In exce1)tional cases tl1e co1·pt. s of tl1is fluid could be used to take care of' extraordinary repair items such as those required during 1957-1958, like the replacement of a f'urnace, replacement of' a roof, and the l i lce . These i terns, 1101,ever, sl1ould be determined by ·vote of tl1e Boa1·d of Trustees , It is recormner1ded that for the time being the necessary exvendi tures fo:r the replacement of the roof of Old f\1ain ( $1~ , 500), new furnace f'or li bral') ( $1,500) ancl l1ot vrnte:r heater for wome11's d_rmitory ($3)000), of wl1icl1 only $3,000 will be tal en cu1·e of by the cu.rre11t budget, be paid for 1·om the Ford Merit Grant . /:...s a matter of fac t, i11 01·der to help the cash ope1·atio11s of tl1e College it nlight be well to take care vf the e11tire $9 000 f'or Jcr1ese i terns fro1n tr1e Ford ~leri t Grant with tl1e unde1·standing tl1at all of it shall be added to the tot;al accum1.unted deficit oi' the operating acco1..i11t, $8,000 of whicl1 she..11 be replaced this yea.1·, '·5 ,000 from ·the previously 1ne11tioned runortizution fund and $3,000 whicl has already been included in the 1957-1958 operatiun an,1 ri1ain·te11ance 1)udget for these three items . lt . J �N • • • • ' • �• Budget for 195(-1958 (Continued) Paae 3 5. It is recommended that the necessary l''epairs 01:1 the Farris Stadium be paid for from the corpus of the Farris Stauium Fund. 6. It is iu.rtl1er l'ecomrnendetl t~l12t the ad.missions office try to increase the enrolltilent to 457 full-time students for the fil'St settester and 427 full - time stude11ts fo1.. the secvnd semester for 1957-1958 in order to overcome the cur:re11tly anticipated o1)erating deficit of $4) 000 . 7. It is recommended that if the enrcllme11t, sl1ould reach 465 stude11ts for the first semester and 435 students for the second semester tl1at the additional income up to $4) 000 from this additional en1·ollment c..,ver 457 and 427 mentioned under item six) be used for additional scholarships and gruntsin- aid for a total of $71)000 for this item, with the understandi1g tha~ this additional $1~ )000 shall only be so used if absolutely necessary. 8. It is recommended that the additional equipment for the dining ha) J s as requested by ~1r . Lones up to a t otal of $5 .J.5().00 be purcl1ased January 1, 1958) if at that time it is evident that increases in enrollment with consequent increases in income will mal<c au.ch exi)endi tures possible . Should some of the afore mentioned items ue required on an emergency basis, then it is recommended that these expcndi tures be made from the Ford ~leri t Grant and added to the i tern of the accumulated defici·t to be tal:en care of ultimately from che amortization fund as described 111 recommendation number three . 9. It is reconunended that u chaplain be engaged only if a.i1d \-Then special gifts from churches or other sources in 1957-1958 or later are received in additi on to all anticipated i11come from cl1urches f'or 195'""(-1958) as already noted in the budget) th~ sc gi ~s to attain a minimum of at least $6)000. This minimum will be required since there will ue, in addition to I the chaplain s saln.i'y a minimtun expe11sc for office and travel i te1ns . 10. All other askings from various departments which have been eliminated at the present time will have t o await ~urther improvement in income) if that improvement takes place in 1957-1958, if not) they will l1uve to await inclusion in a later year when there is such an improvement . An estimate has been received fr om Mr . Jchn Horky) president of Horky & Nicholason Incorporated) f or doing the necessary excavating) placing a five inch crusried rock base and one and 011e--hn.lf inches of hot mixed black.-_ top surface on tl1e o.rea directly at the west entrance of Old Centre cf $1)328,50. It is recommended that this item be postponed for at least another year in view of all the other emergency repairs vhich must oe to.ken co.re of and which already have been mentioned . 11. • • �.1. • • t • • •• ' ••. ' • • • • .. • • • • • •• • ~ • , • • .. ~ • ' • • • • • • • • • \ '\ • .. • • • • . • • • • �Report of "tne Commi ttee of the Boa.rd of Trust ees on "Christian Aims and Purposes 11 • I. We recommend that Article below. 4 of the Charter be revised t o read as stated The first part of the revision is based on the statement of purpose of Southwestern at Memphis, ru1d the second portion is in accord ,nth the action of our own Board of Trustees, Executive Committee, February 23,1944: 4. "CENTRE COLLEGE OF KENTUCKY" 1ras founded for the glory of God ai1d is dedicated to tl1e service of Jesus Christ . There fore, it is the purpose of Centre College of Kentucky to maintain a liberal arts pTo- gram of high quality for the capable student where every person connected with the College shall continually examine his part i11 tl1e college community in terms of his commitment to Christ and where teaching and activity shall be so conducted as to afford every student an oppcrtunity to exaroi ne his own life in terms of a similar Cl1ristian coIIllJl.j.tn1ent ~ Centre College of Kentucky is a cooperative undertaking wj_tl1 the Synods or"' Kentucl~y of the Presbyte1·ian Church in the Ur.ti ted Sto.~i-~s of America or its successor and the Presbyterian Church in the United States or its successor for the promotion of Christian higher education . To -'chis end members of tl1e Board of Trustees and the Faculty shall be in manifest sympathy with the religious spirit and aim for which the College was founded . vle affirn1 the set of standards fo:r Co2.lec1es Affi l\ac.?.~~. ,r.L th t11~ Presbyterian C11urch in the U. S. A. , adopted Apri:. 28, .1943 1 as fol 101-1s : (1) The college shall adopt a statement of purpof;e clea: J.y de.1'in.:11g its status as a Christian college. This ~tatem0nt of pttr~oDe shall b~ included in the statement of in'"'tj_tt;ti.on "" nurposc. in the offi '"'ial college catalogue and shall furthermore ir1d.:.cate the-'; th'- collc e is 5 affiliates with the Presbyterian Cl1r.ucl1, U. Sc A. �, " .- - • • .. ' . .' • I • •• •• ''' ... • • • • • . ' I. • • •• • .•' .. • .. .. •• , •• .. ' • .. • .. .. • • • •• •• ,- .t ' • ' . • . .. . .. . . .. • • • J • • ... • ...• r • ..• • • • • •• • • ' • • • • 1 �(2) It shaJ.l be t he decl ared policy of the col lege to employ as regular members of' tl1e 1"'acul ty only men nnd women who ax·e active members in good standing of some evangelical Christiru1 cl1urch ,.,hich affir1ns its l oyalty to Jesus Cl1rist as tl1e Di vine Lord and Saviour . ( 3) Tl:i.e college shall p1·O'\J i cle cotu·s0c in BiblicaJ. sttldies and sl1all require at least one such course for Graduation . ( 4) The col.2.ege shall submit a1111ually to tl'1e Board of Cl11·istian Educa- tion conipleJce finru1cial info1·n1ation for the year on forms SUi)Plied bythe Board, a."1d sl1all have a11 aru1ual audit made by a certified l)ttblie acc ountant . It is f\.u·tl:101· reco1nmended that the statements co11tained in the accountru1t ' s r·epor·t sl1all conform ,nth the accountinc; p1·inciples applicable to institutions of higher education . ( 5) The college shall be officially and fully acc1·edi ted by -'che regional accrediting age11cy. It may acqtli1·e by gift, ptu--chase, 01· otl1e1·wise, and hold and use for general or special purposes real and personal estate; and sell, convey, l ease, pledge or mortgage its real or personal estate, and generally it may exercise all corpo1·ate powe1·a conf'erred by general law upo11 incor porated bodies . II . We recommend tl1at tl1e following wo1·ds "tl1e maj oriJcy of who1n sl1all be members of the Presb:;lterian Cl1urch in tl1e United States of America or its successor, and/o:r the P1..esbyterian Church in the United States or its successor. 11 be inserted i 1 Section 6 in the seco11d line fo~llowi11g the viord 11 Trustees '' so that the charter ,1ilJ. allo,-1 Centre to be recogi1ized as a college "Affiliated'' with the Presbyteria11 Church 1n the Un.L teu States . We furtl1er recolTL'l'fiend that tl1is be gi ~ven tl1e proper readi11g to the full Boa1·d, proper circulatio11, and that we reques"'~ that the Synods of' Kentucl~y app1~0,,e tl1is change . - 2- �.• • .. • • • • • • • • .... • •• •• • • • • ..... • • • • • ' • • •• ' .. . • f • •• I • • ( ' ' • • •• .. • ... ' ., ' ., • • • • . • \ •• . .. • • ' •• .,.... . • • • • • .. • • Jl • • • • • • -· • • • • ' I • • • . �,,. ' CHARTER AIID AGREEMErrT FOR COI'TSOLIDATIOrf OF CENTRE COLIEGE OF KENTUCKY AND KEl'lTUCKY COT,T,EGE FOR l'10MEN under the nrune cf II CENTRE COT,IEGE OF KENTUCKY 11 THIS AGREEMENT , made the 9th day c f i~lay, A. D. 1930 , between Centre College of 1·entuclcy , located at Danvi lle, Kentuclty, };larty of the first !)art, ru1d ICentucky Ccllecle f o1-- \·7omen, located at Danville, Kentuclcy, party of the second pa.rt , ~lITiiESSETII : Each of the part,ies hereto is a corporation 01·ganized and existing under tl1e laws of the State of l(entucky. Ce11tre College of Kenttlcky ,·ras incor porated by an act of the Leg:lslature of tl1e State of Ke11tucky approved Jai1uary 21 , 1819, and ame11ded by act of January 27 ,1821~, by act of Tucember 27 ,1824 , and by act of Febr uary 1, 18-39. Suusequently Centre College of Kentucky and Central University were consolidated under an agreement dated July 16, 1901, rthicl1 constituted an amended charter of incorporation ru::td is recorded in the office of tl1e Clerlc of tl1e Boyle County Court under date of July 16, 1901, in deed book No . 28, pages 491 to 499 . Said charter has been amended by certain inst1'tU!'..ents ac)mowledged and r ecordecl in tl1e offic e o f tl1e Clerl{ of the Boyle County Court as foll ows: (1) by instru- ment acl:novrledged !'Iovember 6, 1907, ancl recorded in deed boolc Iio . 34, pages 409 tc 411 . (2) by instrument acknowledged November in deed bool~ IIo . 31~, pages 413 to 415 . 7, 1907, and r ecorded ( 3) by instrun1ent acknowledged I:ecember l'f, 1918 , and r ecorded in 1~cco1'd of Articles of Incorporation, book No .l, pages 66 t o S7 . ( 4) by instrument ac1'J1ovrledged October 8, 1921, and recorded in Reco1·d of Articles of Incorporo.tio11, book I~o . 1, pages 118 t o 120 . Eacl1 of these docume11ts has been filed for re cord in ·the ofi'i ce of tl1e Secreta1·y of State of the State of ICcntucl~y . Kentucky College f'or Women was originally incorporated under the nome �.. • • • • • • • • \ .. . . • • ' .. • .. ' • • • .• . .•. ..., •• .. • .. • • • •• • • • .. • • I • •• V \ • • �of H endersvn Female Institute, by an act of the Iegisl.ature of Ke1,tucky approved ?•larch 6 , 1 854. An amendment approved February 6, 1861, cl1angcd ttie name to Caldl7ell Female Ins•ti tute and a further amendment, appr oved ~1arch 8, 1876 , caane;cd the name t c, Caldwell Frnma.l e College . A further amendment, under date of Apri J. 13, 1904, and r ecorded i n tl1c offi ce of the CJ.erk of' Boyle Cct.U1ty Court in deed book No . 31, pages 57 to 61 , changed the name to Caldwell c ~11ege, and a further amendment, under date of July 29, 1907 , and recorded in t11c office of the Clerk of the Boyle County Court in deed bouk No . 34, pages 255 to 258, w.adc certain changes i n the Board of Trustees of Caldwell Ce,11.ege . A furtl1c..r ame1 dmcnt tmder date of t:i1e lltl1 day o f January 1913 i11 1 ru1d recor ded the office of the Cler1';: of the Boyle County Court in deed boolc Ii.fo . 39, pages 5'l7 t o 588, changed the name to Kentucky College for W omen , Subsequently, Kentucky Ce,llcgc for W o1ncn and Pri11ceton Collegiate Institute were concolidated under an as-ree1nent dated February 4, 1 913, which co11sti tuted an amended charter of' i11coi·po1·ation and is recorded i11 tl1e of i'ice of the Clerk of Boyle County Cotu-t under date of Jm1e 3 , 1913, ru1d r ecordccl ir1 deed bool{ No . 40 , pages 166 t o 173 . All of said amendments were duly execut ed and r ecorded as pr ovided by lavr . It is belie,.red that the best interests of l)oth institutions will be conserved and pr omoted by the consolidation of tne said institutionG on the terms and conditions herein set f ortl1 . NOW II'1 CO!-ISIDERATION OF TrIE PREI~IISES AND OF THE tvlUTUAL UrlDERTAKING OF mHE PARTIES HERETO, IT IS AGREED DET\-IEEll TIIEl·'1 AS FOLLOWS : 1. Centre College of l(entucl-..y ru1d l(entuclcy College for W on1e11 sl1all be and 8.l"e l1e1~eby consolidated into a single corporation to be Ja10,m as 11 CElfrRE 1 COI,TJ~GE OF lffii~'I'UClCY' and the said corpol'·at ion ~l1all be and is hex·eby l ocated at Dan't✓ille , IC ntt1cJ:)'·, and sr1all maintai11 i ts principaJ. off'i cc and place of -2- �• • '. , • • • • • ' �business at Danville, Kl:11tuc}:y. 2. Ce:. 1tr0 College of Kentucl~y sl1all be vested with ru1d '->Wll all property, btlsiness, credits, assets and eff\.:cts of said consti tuen-c corporatio11s, holding tl1c said co11s·ti tt~e11t ccrporatio11s l1ar1nless against the same . 3 • The said i)al"t)~ of tl1e first part and the said party of the seco11d part for tl e considcratio11 herein stated l1avc bargained and sold and each of them does hereby a;:,s ign, trru1sf01', grru1t a11d conVC;'/ to the co11solidated corporation "CEIITRE COLLEGE OF KENTUCKY" all property real, personal and mixed si tuatccl i11 tl1e State of l(e_ ttlcl{y or elsewh0re, including cl1oses in action, and all in·tercst in sucl1 prc.i)el'ty and ai1 business, crec'l.i ts, assetc and effects of said parties respec·ti vely. Tl1is transfer ru1d conveyance arc made subjec·t to ·the trusts imposed tll)On ei t l1er Ol" bo·th of' the parties he1..eto r espectir1g particular property and £u•e accepted by the consolidated corporation as subject to all such trusts . l~ . "CENTRE COLI.EGE OF KENTUCICY 11 sl1all maintair1 and conduct an i1 sti tu- tion of lcar 1ing of the higl1est order for the education of the youth of the country , I11 1)ursuru1ce of said plru1, it s11all main ta.in such departments or unit colleges as may from time to tinic be ordered by the Boa1·d of Trustees , including a colJ.cge of li bcral m·ts ru1d scienceo for ~u:ig men to be lmolm as Centre College and a collece of liberal arts and sciences for young women to be knorm as Kentucky College for Women, It shall have power, when~ver deemed advisable, to establish scl1ools or colleges in any special departme1Yts of learning and to c isco11tinue any such sp'"'ciaJ. schools , colleges or departments . It may acquire by gift, l)Urcl1asc, or otherwise, and hold and use for general or special purposes real and personal estate ; and sell, convey, lease, pled0 e, or mortgage its real or personal estate, and generally it may exercise all corporate r)owers conf'erred by ~cneral law Ui)On incorporated bodies . 5. I~v denominational or sectarian test shall be applied to tl1e admission -~- �.. • • • • • ' • . .. •.. . • •• • • • • • • ' I • • �of students, o.nd 110 religious doctri1:c l)ecti.liar to any one sec·t of· Christi~"'ls shall b~ inculcated by any p1~0J.'essor or i11structur . 6. Tl_e mnno.Geraent a.11d control of "CENTRE COLT.EGE OF l<EI1TUCI<Y" sl1all be vested in a B(..e.rd of Trustees . ( '.i'l1c r"10.Jcri ty of whom shall be members of tl1e Presbyterian Cl ..urch in tne United S~ates of America or its successor , and/or tl1e Presbyterian Churcl1 in t ....c Uni tcd States or its successo1· . ) This Board shall ccnsist of twenty- four men1bers, six of whom sl1oJ.l be elected as a Class each year at the regular spri11g meetit1g of the Board of Trustees . This Class shall be elected each yeo:r by the Board of Trustees f'rom persons nominated as follo"rs : 0110 0f said Class sl1alJ. be nominated by the I(entucky Synod of the Presbyteriru1 Clurch in the United States of America; une of said Class shall be nouli .1ated by tl1e Kentucl:y Synod of the Px·esbyterian Church in the United States; one of said Class shall be nominated by the J\lur~1i Association of Centre College; and three of said Class shall be nominated by a nomi nating c0mmi ttee of' thE. Board of Tr\.tstees . Any vacancy existing at the time o f arv 1I1Ceting of' -'cl1e B0ard shall be filled by the Board by electio11 of persons~ or a person, nom.i11ated b~/ tl1e organization which nominated tl1e Trustee whose vacant office is to be filled . A majori ·t~/ · of the Boa1·d of T1·usJoees shall constitute a qu()r tun for the tronsaction of business . There shall be an Exccuti ve Committee of the Board of T1~ustees whicl1 shall have all tl1e nowers of the Bom·d o1~ Trustees in the intcri1n vrl,en ·the ... BOard is not in seGsion . This Executive Co~Jnittee shall consist of six members of the Board of Trustees Chairman of the Board. ,,i10 sl1all be appoi11ted a..'lnually by tl1e One of sa.1.d mcn1l)ers shall be a Trustee who ,.,as el ctl..!d to the Board from the nomination made by t11e Synod of Kenttick~l of the Presbyterian Church of the United States of America; one of said members to be a Trustee 1-rho is elected to the Boo.rd f'rorn the 11omination made by tl1c Synod of - 4- �.. • • • • �I I K~ntucky of t he Presbyterian Church in the United St ates; one of sai d member s 160 to be a Trustee 111'.o was elected to the Board from t he nominati on made by the Alunu1i Assoc.:.atio·1 o f Cent1·e College; and three of sai d member s to be Tl'tlstees elected t o t:1c 8.l'c1 from n or1rinatio11s made by tl1e 11ominati 11g corm ttee of tr1e Board of Tr·ustecs . The Cl1airma11 of ·cl1e Board of Tl.·ustees shall be ex chairman of the Executive Cvmmittee . 0 1 ...ic i '"'1 o five member s shall constitute a quor um of tl1c E;<~CU1.,i ve Cornmi ttec . 7. Th~ B0arcl oi-· T1·t1st cs shall l1ave .tJCvrer to elect arid remove or p r ovi de for· tl e elcct:i.011 a:1d remo,.ral of sucl1 officers, p r of'essors and employees generally as in t ~ .ci1· jude;rncn-c shall 1nalc0 the wor 1~ of the colleL;e most cffecti \e . Tl1e Boai-·d nho.11 J_a,.c tl1c 1·ight to aao...)t u Constitution ru_d By-La,rs for the go.,1e1·runen~ ru.c co1:1trol of t~.c collc'->e, a"ld :t'rom tin1e t .o time to al-cc1' same . The Board sl1all ] a,re general ove1· ·igl1 t a11d control of all affairs of t:1e c olle 0 e, ru1d sl1all elect a cl1ief e;.:cc ti ve officer, the president of tl1c college, and s1.lcl1 other rdministrativc off 'ice1·s as are dec1ned necessary. 8. The Jresid~nt s hall be a me 1bcr of some Presbyterian or reformed c .......... c 1 holding the Presbyteriai.~ systc 11 of do ctri11e . All tl1e memb01·s of the faculty shall be men1be1·s of sorne Evangelical Churcl1, and a majority of them s o far as p ... acticable shall be Presbyterians . A course in the Bibl e shall alvrays be ta1.1ght i11 the c olleges of libe1·al ru.·ts . 9. 11 ' CEiffl E COLLEGE OF KENTUC1('£ shall l1ave po11er to confer a~y collegi - ate, i)rofessio110.l > university and l1o no1·ary deBrecs . 10 . Tle cori~ rati o n hereby created m·y incur such liauility as, in the conduct of its affairs, the B ard of r ,:c,1stecs sl1all deen to be advisable, not 1 exceeding o,1e l1u11d1·ed tl1ousand dollars at one tin1c . Tl1c co1:_)oro.1Jion has no capiJ\jal stock, and 1 ci the1~ its dirccto1·s nor ru1y members sl1all be liabJ.e for payment o · corporate de ts . 11 . The c r ~oration shall be ~c rpctual . -5- �• • - • •• • • �12 . ncri becl Tl1is chm"'tcr and agreement ri1ay be amended in the manner l)rc ;/ la,,, p1·ovi (l.cd tl1at sixteen membe1·s of the Board of Trustees concur in t-1-ie amendment a.'t'ld provided furtner tha·t any ame11dment to parag1"apl1s 11lun-bc1·'-2. 5, o ar1d 8 of tnc charter and a.grccn1cnt shall, in addition t 11c1·cto, have tl1e prior upp1·ovo.J. of botl1 tl1e K~nttlcl y Synods of the Presb~rtc1·ian Church i11 the United Stat es of 1 nerica and tl1e Presbyterian Cl1urch of the Uni tcd Statc D. -6- �\ .. �~ J:::1.lT ]3 OF A SP~CI L l i.illBT: ~ G BOARD OF Tl{USTEEG CEJIJTRE COLLEGE OF I<EIJ'l1UCICT Ap1·il 13, 195'l Tl1e Eoru:·d of T "'l ztecs or Ccnt1·e College o.:. l(enttic ..y met pttr: s uar1t to a c~l of t11e C ..........rn1 1 on Apl'·il 13J 1957; at 10 : 00 a . rn . ii the offi ce of' tl1e ...' ...·e s.:.de11t of tl1e Collcue . P1·ese.1t ,,re 1·~: Cl1n.ir·11ru1 Le_ i er, and T... tlsJceeG .e1·.....es, D1ede1·icl1, I~c~'lllco11e ·, L. Cnld,v ell, \•lt.. cl.z, Va1: Al1t,ve1·1), \I . P . Ctud,rell, G 11 le, /\1·.11St:r n~, G sne:,·, Dc. l:cr, C "C[.o:i.· , an L_ \rely. tJh.. . B 1~er 1·e... orte =i to tl1e Board tl ct Ntcs . I11.1r;h 11evi !1 hud <lie cl o. ..y1·il 12, 19~7 . Tl1e B ur .1 of Tr·ust ces 1·eco1·c1 d 1 ts sor1·0,.., nt tl1i::; o.n11ounce ..1ent and t _e Cl.c :.l''l a't1 , raG t t1tho1·iLecl to c I.Tu11 micate tl e a:rr.rpat11, o "' t11e Boar·d to t Il:· . i e·r.:..~ . 1 r-u:·. Lanie_ .;t te 1 tl1'""'t t· c _)ur_Jose of ·cl"e mee tinb ,;;ris to stlb1i1i t to the Boo.i..d the :·csib ·t · l of Dr . \lt lte .. ; . G oves as l)l"eside .. t of Cen-c1·e College . Iv •• L : Cl" stc.1tcu tl1:-:t.:l, Dr . G .. ve~ h "'d ug ·ced to s·tt1y ..:.n ·1 · s office until .i"t 1· Co11c"'le1_ce· e1 t . 11.r . Lo.r1ic1.. t11en 1·eud tl e letter of 1·e si~natioi1 dated 1 1)i-•il 1~, l>15'i , aclcb:esGed to l1i1,1 and l,1r . D~:er ::.oved, s econde d by i h· . C:r·ego1· and trr1m1i . ously t c.u1Jtec.l; tl1a-'c tl1e Bv l accep t t e resi 0 .... --•cio,_ ,,itl ref{l.'et and t ,lo.t Dr . G1· ves be 1·eqlestcd to set his ter minati · at '""' ti1Te .1.'ollo, ri11g Cor 1e.1ce1ne11t . It ve ~, se co11ded and tu10:1iri1ot1slj' c 1·..."J.el tl1n.t Di· . Groves be paid his ::c~1.:l\. ....· S6l8.l· tl1i-·o 1gl .Uo1.!Gt 31) and be paid an addi tiontl sum Jf ti>>., 000 . 00 as scvc1·ance J.) ., • It ,ras fu1·t 1e1" moved, seconded ".'\ 1d ca.1:·1· · cd t: t D.:: . ru1d n·s . G1·vves uc 0ife1·cd t:1e llGe of· Crail-;: Hot1se tmtil zt1c: ti .c as tl.1.e CoJ.J.c'""c 1 c...S .tlced for it . ,-10..s tl1e11 1~1 19,rr, l•1r . Lal1ie1-- nto.tc tl1at t he _po3i t.i.o. r \. ctinG pres ~de11t wotlld be offered to In: . IIec_ .. b t tl1ut l1e '\l s 01· t:1e Di 1ion tl1at To:· . Ireel .. ,rvt'.:'.d 11ot be ,.,illinc; tc cce_Jt t 1e ~P1Joil tmer.1t . u·. IJo. ie1· was tl1e11 au·tl101·i zed to mal c tl1e best r1·a. ue1aei t J. ossj.ole fo1· (.; 1 a.c l,i11u ...">i·ecicle11t dtu•-i n[:; t 1c i terim until t e eJ_cctJ..J • of a nel, _p1·esiuc.1t . "1r. Ltu1lcr tl1e11 st tecl tl10.t he w .lcl c. 1,J )uint a conuni t tee tc select a ne1 1)reside1 -'c . '.11is co111JitL ttee ,1 uld l>e (! 1nposed oi' 1nen1bers o: rf the Bo~rc.1 of T--1steeo .,Ji. -...e.,.J ·esen·cative. 0.1. c.e J.f'~ulty aid a 1·e:11..esen• v ti ve o tl1e altu •.:. . A mmit); t 0 of Di . G.· '\T s a.greed thc...t tl SU ject u.nu. ,,oulc C ~ ~ \,;Q J.u C l3uar tl1en PJ."c..,e11i.,c a, ... esol1.1tion on t!1c 1·e • c·. s re oultlt:.L l '\T ..., - . l1nously adoJted tu1d it "' u. C tl1c l lie u t .. tClUC:!n ~ of the B ard on t ..1i s 1.. ~le sect to t, 1e 1J1·e n l;j d ..·: di • l! J. l,J ~, _______I_ JIBSOLUTI , Be it res lve ~tat t .c B ,ri cl1 re ret t e te11de1·ctl 1 Le Gr vc u effect G 1·e sic.lei 1 c.:n · 1L t· .... tees acce1)t 1.. D1.. . vi 1 ter Ce t.L· 1i st 31 n (, . C • t.., l im f )' nt\ C.t ..y J le Vt: of �• • • • • • • • ' • • • • • • • • .• • • ' • • • .. • • ' .. • - .. • • • • • • • • • .. • • �-2 - absence be cinnir1g immediately· after commencement . Dr . Grove.., is lcavi11c Ce11tre) a.1. te1-- a successful ad1ni nistratio11, in 1Jetter condition than whe11 he assumed the c fi•ice o f· prc side11t lil.:)re than te11 years ago . l1L11,:L!"._; tl1.is ...JC:Ciod l1e ~ as gi ve11 Cer1.t:re dcvo tcd Christiei..n len(1e1·sl1ip . Tl1is 110.s ~:>ee.1 a trying period in tl1e l1istory of no11tax- st~p.;_)01·ted coJ.leges, presenting mru.1y serious a.i1d col1t1· '\·e.1.•sial problems and. it is inevitable that there :1n.s been dii'1'c1'ences of o:._)inion dtn"ing the years of his adrui1istr(xion . Howeve ·, To.·. a.rid Mrs . Groves leave Centre with the 1·es ;ect a.11d oes c ,vi.shes of the Beard of Trustees . Dr . Groves ' rcsig:natio11 necensi tates that the Board 01· T1·ust;ces find 8, successor . Immec.1iate steps ,fill be tal~en te, this e11ci. All tl1e trttstees 1)reser1t then discussed the qtlaJ..ifications wl1ich we would attempt to meet in a new ~realdent . Mr. Lanier appointed Mi· . Logan Cr-.J.d,vell and Mr. Norris Armotrong as a comrni ttee to dr· 1r ,, res ol1.1tiun on the death of trustee George Joplin . Their 1·esoJ.uti )n foll ws: RESOLtJTI OI•JS \IBEREAS Ge u1--ee A. J oplin, J1· . , distingt1isl1ed alumnus and devoted f:i:·iend o f' Cen·t1·e ColleJe, died at Some1--set, Kentticl f pr.~l 3, 1 95'"1 , d r, \-IHEREAS i1e ,.;as a va.1.ued member o f tl1e Board of Trustees whe1·e lie 11ad ser red -'c e colle ,e ,rl th m1selfisl1 loyalty and s o md ~judgn:er1t , a11d wl1ereas ,,e are mind1ul of tl1e great loss ,.,l1ic~1 Ce11t1·e ColJ.e ge and t !10 Boa1·d o±' Tx·ustees l1ave sustai11cd, !fOW TIIEREFORE BE IT RESOLVED that we n ote tl1e many co11 tributions he made to his Alma M atre, record our sorrow, indiviJual.ly ru1d collectively, and extend to members of l1is f amily our l1eo.rtf'el t sympathy. Geor~e J o )lin grad, ated ri~om Ce11tre CoJ.lege wi·th tl1e Class of .2.921 . /\.s a student he con·tri buted extra.ordinary services as a reporter a11d lrri ter at a time whe11 tl1e college I s e.,t hletic tearas were rcc:ei ving 11ation-wide attention. Later 110 served as Secre·tt-u·y, Di:rector and P1,esident of tl1c Alumni Associa·cion, nnd in rec~nt years as a men1be1""' 01· tl.1e Bom"(l o f Ti-·ustees . No 011e, in all of Centre's l ong h · sto1'y, l1a.s served the collel;e �• • • , •• • • • • •• • • • • I . ~ • • • " i • . • .. • •• •• • • • \ • • ' • • • • .. .:. • • ., • • . . - • .' • l • ., l • .. • .- • .. . •• • • . • • • . r. • • • • • . . ., • • • .. • • • .• ' • • •• • �.. -3more fai tl1fully, or with more unselfi s1.L interest, tl1a.n George J opli . .1. In 11.;.s own Ji f'e lie excr.rplifi~c.. tl1e l1ie:)les t ideals of the Centre tr'-.tcli t..L-.:. ..1, ia~als of ethical service to his Community o.nd State, of devotion to frutdl)r) and o i' lO.)'G.]:t~_. l.,-., frie11ds a11d 2.ss-.., cintes . BE IT FURTrIF~ RESOLVED that e. copy of 1:.hese resultitions be recorded i11 the ~iinutes of t.1e Board of' Ti-·1.1 stecs, a copy be sent ·to the f'runily) ru1<l c11e be 1·eleascd to the publica~ions of the college. Mr . Armstrong then reported for the Buildings ond Grounds Committee tl1at the doors of ti1e luurnni MemoriaJ. G:yw.10.sium need scme worlt and that the gutters and valleys on Caldwell Hall need rep.J.irs and that it is essentia.l tl1at a nevr r oof 'be put 011 Main Hall . He also reported tl1at in several respects tl1e sta.clirun is in dangerous co11di ticn and needs repairs . Recommendations as to t1.1.e s·tadiuin repairs ho.ve 0eet1 made b),. Ml . W. P. Caldwell . On bel1alf of tl1e Board, tl1e Buildings ru1d Grounds Comm.l.ttee was instructed t o proceed to get 1ids and have the proper repairs ma.de on the buildings end grounds during the spring and SUillluer months. The meeting adjourned at 12:15 p . m. Respectfully submitted . Pierce Lively Secretary �• I • • • •• • • • • J •• ' • • , . •• • •• • , . • • - • I, • ... • . . l t .. ' .. . . \ I • .. .. i .- .. .• .. .. ... ' .. ' I • .• I • .· ' • •J, • .. • • ~ ' -- . ' .. .• , • 'I • ) •• .. . • ', -. • .• .• • •• ~ r• . .. • \ �MINUTES l•lcetins of the Exec 1ti ve Cammi t tee May 31, 1957 Tl1e meeti11g was called to or der by the chairman , Ml... Ike Lanie .a. • Prayer was offei-·ed by Dr. J ohr1 R. Gosney. Present were Messrs . Lanier , chairman, Campbell, Gosney, Wachs, . L. Caldwell, Rogers, Armst;rong, Van w· nkle, Balter, w P . Caldwell, and Livel y . Minutes of the meeting of March 22, 1957, we r e approved as previously mimeogi·ap ed and circula·ted . ~ v1achs, seconded by Mr. Ca"IlJ.) bell , and unanimously carried that t~1e recom.,1c-1 d :J-cion of the faculty colltl L :r:...~e for h.i1"ing Dr . C~1a.rles M ved by D ,J ... Franklin Co -•li. , as assistant professvr of Ec-onomics at a salary of $5,700 er year effecti e September 1, 195~7, e a.pp1"oved . It was moved, seconded and carried that the $5,000 gra~tui ty previousl )' approved for Dr . Groves be paid during tl1e calendai" year of 1958. It l:ras moved, seconded, and cai"ried that M1·. Frazer's 1·esignatio11 o.s assistant to the president be accepted and tl at he conti11ue as l~et>ist1·ar of the College at the same sala.i--y l1e is now 1 ecei ving . Mr. Wachs read a letter from Dr . Groves concerning the 1957-1958 budget of the College . The Budget C mmi ttee was directed to st,1dy this repo1·t and Jnak, late... recormne11dations to the Executive Commi t ·tee . e It was . ved, seconded and carried tl1at tl1e fol lo,nng capital improvements be made at the College and that they be paid for, fi1·st, out of tm 1·est1"icted te 01·ary cndowrr.ent, and then only to the extent neces ary out of the Ford Foundation Merit Grant . Item of Im111·ovement Estimate Cost Stadium re1>airs $2 , 500 . 00 Tennis co rt rebuilding Unlo1own Roof on OJ.d '1ain Building 3,200 . 00 Relocation of 1 th1 tic Equipment 275 .00 Rest21"facing ,-1cst e11trance to Old Centre 600 . 00 New gutteri11g at vlomen 's Department Unknown l4icroscope fol" Biology Department 900 . 00 l\1r. Arni car reqt1ested authoriza.tion to borrow an addi tio11aJ. sum oi' 17,200.00. Si1 .. ce the borrowing li1ni t has beer1 reac}1ed at the local l)ru1.lcs, it was 1noved, seco11ded, and carried tl1at he be authorized to bor1.. o,1 tl1is amow1t i'rom tl1e Ford Foundation Merit Grru1t, to be paid back at the firs·t opportunity. Ml-- . Al:·nicar is to execute a demand not~ on behalf of tl1e College to Loga..l'l Cal.dwell as Treasure1· as evide11ce of this debt . �• • �,,.,.. -2- It was moved, seconded, and carried that a Ford automobile be purchased by the College for the use of Mr . Brice leech for student pr omotion work , This is to be done under an agreement with Danville M otor s whereby the College 1Till pa $2,200 . 00 for an automobile and 1Til.1.. be all o1red to trade this automobile in each year for a new current model Ford upon payment of $300 . 00 , It was raoved, seconded, and carried that Dr. Vaughan's salary as proiCssor of Ancient L~.nc;uages and Humanities for the yea;.• 1957-1958 be fixed a1, •6,500 a yeru-,in accordance with a request of Mr , A. C. Newlin, donor of tl e Edgar C. I~ewlin Me1noriaJ. Fund. It was moved, seconded, and carried that the annuity contract previously made with Mr. J , E. Wiseman be ame1 ded to provide for quarterly payments to tle beneficiaries rather than semi annual p yments . The totaJ amount of the 1 ity is not cl1anged . ~1r . Bul{er reported that he had held a mee·ting with representatives of the t w Presbyterian Synods of Kentucky and that they had requested that a o cc ·ttee f r om the Boa.rd of Trustees eet with tlem to disucss the amen ent t u the charter passed by the Board in October, 1956. They also request0d that "the Board attempt to defi?1e the actual present relationship beti1ec11 the College and the Synods . Mr . Lanier presented a pr oposed letter a eement between West Virginia Pulp & Paper Co npany and Centre College of Kentucky for the research program of the West Virginia Pulp & !'aper Com1 1any for the , coming year . It was oved, seconded, and unan: n1ously carried that this proposal. be accepted by the College . Meeting adjourned at 3 :50 p . m. Respectfully submitted, PillRCE LIVELY Sec1·etary �• • • • • • .. • ' • ' �MINUTES Meeting of the BOARD OF TltUSTI!ES Centre College of Kentucky JU11e 1, 1957 T'ae mee•ti11g ,.,as called to order at 9: 30 a . m. by the chairman, Mr . Ike Lanier, v.nd opened with prayer . Prcse11t ,.,ere Messr·s . Lanier, chairman, rrevin, Rogers, Gamble, J.,, Caldwell, f\l'mst!'ong, Fatu.coner, Van 1-linlu.e, Gosney, Van Antwerp, Wachs, Baker, Blazer, Diederich, C1·egor, W. P . Caldwell, Boles, Benfield, Lively, anct !\1isses Yerkes and Poynter . The Chairmai1 announced t!1at Dr . \·l. B. Gue1"1·ant, former president of Austin College oi ' Sherman, Texas, has ttfsl'eed to serve as interim preside11t of' Centre College of Irentucky, ru1d mutJ 011 ,1as made, seconded, and unanimously corried that Dr . G'lterrarit be elected l.11terir,1 president at a salary of $6,400 a year, plt1s a horne to be furnisl1ed by the College and tl1e same expenGe accounts as are 110,;.r in ef'fect for tl1e !)resident . Dr. Guerrant was tl1c11 invited t o at·te11d the .cest 01· the n1eeting and vras i11troduced to the t1..ustees . ltas Mr . Arni car presented the Bttsiness l.fru1ager 's Report . received and filed tl1 the thanks o f ·tl1e Board . • ,,i This re1_:>ort The Chairmai"1 p1·esented the follovring list of students wl10 had been rec0mroe11ded by tl1e faculty for the degree of Bacl1el or of Arts to be conferred in August 1957: Ed,rin L. Brown Larry Caudill J olu1 Clinton Di}:eman James Irvin !Iuddleston,Jr . Betty Jane Jories I.este1.. Ford Lo11g Cl1arJ.e s Whitner Milner III ku1 lving Montgomery Peter Eugene Pflaumer Shelua Jean Proffitt William Patriclc Tully Eubanl~, ICen·tucky J.,ouisville, Kentucl~y Somerset, Kentucky Harrodsburg, Kentucl~y Dariville, Kentucky Louisville, Kentucky Louisville, Kentucky Dai1ville, Kentucky Glenside, Pennsylvania Whitesburg, ICentucky Big Clif'ty, Kentucl..:}r It was moved, seconded, and unanimously carried that these de6rees be awarded. The Chairman then presented the list of students re commended by the faculty for the dC8"l'ec of Bachelor of Arts to be awarded June 2nd, 19J 7, as f ollowG: C11arles Edward PJ1derso11 Ashland, Kentucl{y Patricia Irene Ba.les Louisville, Kentucl~y Cum Laude Sl1irley Ann Barber Maysville, l{entucl:y Summa Cum Laude The Gavin Easton \·liseman Valedictorian Prize �• • • • • • • • • • • , • I • • • • '• • • • • • • • • • .. ' • • • • • .• • • ., • �-2- Elinor J oyce Bartz Fort Lauderdale, Florida Cum Laude . The John W Yerkes Prtze, English Ann Elizabeth Bleidt Golden Pond, Kentucky Clarence Pl1illip Buss Orlando, F101--ida J JJ11eG Thomas Clarkson Danville) Kentuclcy Eleanor Porter Cole Ashland, Kentucky Hugh Cl1arles Coomer Danville, Kentuc1c~r The Yeager,Ford and Warren Accountancy Prize Thaddeuo 1'1cKelvey Ccwan Westp0rt, Connecticut Cornelia Ann Craft Holly SJrings, Mississi~pi William Arrcwsmith Crawford IV Mon~icello, New York Betty Joan Cross Danville, Kent,1cky Martha Linda Curt1·ight Louisa, Ke11tucJ~y Jcoeph E. Di.xi us Bellevue, Kentt1cl\.y *!'Taney Elizaoeth Dixius Danville, Kentuclcy Fred l·lillio.m Drogula, Jr . Louisville, Kentuc1·.·:,r John vlilliam Evans, Jr . Cincinnati, Ol1io Patricia 1lelch Farme1' Danville, Kentt1.ckJ' Cum Laude Jamee Lawrc..:11ce Gibs on Danvill e , Kentuclcy Barbara Iifclle Glass Wilmor e , Kentucky J oseph Dor1lDn Gc1111ley Versailles, Kcntuclcy Carolyn Joyce Graber Ashland, l(ent ucky *Helen vlesley Grubbs Louisville, Kentucky t1a0 na Cum Laude Jolin Alfred G1'ubbs Wal ton, Kent tlclcy Colema11 Pr e witt Gtun , J1· . Harriman, Tennessee Donald Jackson Hagan Danville J Kent UCl(y Alfred J oe Hiller London, Kentucky Phi Beta Chi Grant-in-Aid Sarah Jo lillf1., Harlan, Kentuclcy Sunmia Cum Laude The George c. Young Enclish Literature Prize Guy Cl1uppell Ingram, Jr. Da11ville, Kentuc1~y The Dr . IIerc ford Smith tfemorial Prize John Taylor Isaacs Lebanon, Kentucky W ojciecl1 Peter Janicki Spri ngfield, Massachusetts lviagr1a Cum Laude Tl1e George \vinston WelGl1 Valedictorian Prize *Ann Turner Jennings ShelbY\rille , ICentucl{y Donald Morris J obe Milton} Indiana Nancy Bragg Johnson Owe11s boi'" o, Kentuclcy Robert Llewellyr1 Jones Cl1arleston J \fest Virginia M alc<.)l m 1-lallace Keller Rocl1ester, New York Betty Jane K~ltner Louisville, Kentucl:y Ar chi bald Do~·1aldsor1 Kennedy , Jr . Louisville, Kentucky Aubert Stcwru·t Kocl1 Louisvtlle, ICentuclcy ~landa La.Jean Roberts Koch Vulley Station, Kentuclcy John '11heodore Koehler, Jr . Louisville, Kent\lcl:J, -M:William Wilder Landis, Jr . Canaru1, Coru1ecticut Mru.'vi11 1{en11eth Lawson Springfield, Kcntucl:y Robert Kay Lewis, Jr . Danville, Kentuclcy E11sig11, United States ~Iavy Reserve Wo.lte1.. \villi am Li1)pcrt, Jr . Cincinnati, Ohio 16R �• • • .. .. • • • ' • • •• ... • • • • • .• • • ,. • • �-3- I ~~- Ed,.,ard CaJ.dwcll McBride , Jr . Louis ville, Kentuclcy 1-Ierbert William lvlcGuire Erlanger, Kentuclcy Patricia Louise Mcfllamru:·a Danville, Kentuclcy Freda E. FI. Nishimura Honolulu, Hawaii Helen Lynde Palmer Danville, Kentuclcy Billie Jean Pot ·ter Greenup, Kentuclcy t,Iartho. Frances Cl1elf Quisen1erry Moreland, Kentucl"y Samuel Hall Reid Danville, Ke ntucky Evelyn c~rnell Rodman Danville, Kentuclcy l•falcolm I..ce Roessler Lvuisvill e , Kentuclcy Frru1ce d Roote s Glasgow, Kentuclcy John Parish Russell Washingto!1, D. c. Shap0ur Samii Teheran, Iran Richard lee Schmalz Dayton, Kcntucl~y Cum Laude The !{eJ.son Allen Chemi stry A,rard ThL- Prest on Carter Chemistry P1·izc Tl1e Sally War·field Memorial Prize, Mathematics Phi Eeta Chi Scier1tific Fraternity A,vard The Ormand Beatty Alurani Prize Dor thy Bcru1ctt Scott Harlan, Kentucky Ix rris Lee Sho..nk.lin Elkton, Ker1tucl~y Paintsville, Kc11tuclcy J ohn Leonru:d S1)ears, III Oliver \.Tade S11enccr, Jr . Louisville, l{entucl~y Susan Haley Ste~henson Winchester) Kentucky James Gilbert Stewart Ashland, Kentucky Cum Laude The Breckinridge Jones Prize, History and Govcrnocnt David I.ea Sturges Plandome, New Yorlc Frederick Lynr1 Travis Glasgow, Kentucl~y 2nd Lieutenant, United States .r.ia.rine Corps Reserve The 0\-rsley Rochester Award Russell Lee Travis Glasgow, KentuclC"'J ~Virginia Dixon Wallace Louisville, Kentucky -Thomas Frederic Walston, II Catlettsburg, Kentucky David Nelson Widmer Lebanon, Kentuclcy J ohn Wesley W oods,III Ashland, Kentucky Ensign, United States Navy Reserve John Frank Yeager, Jr . Louisville, Kentuclcy Completed requirements for degree, January 1957. It was moved, seconded and carried unanimousJ.y that these degrees be awardecJ.• Mr . Frazer made a rep ort on pre - registration for September 1957. This report showed t hat there are 110v 224 acti vc applications for adnission of new students as compared with 190 at the srune time last yea:r . He also stated that 274 old s tudcnto have indicated tl1cir intention of rctur!1i.--:.g in September 1957 . AlJ.owing for l)Ossi ble c11an£,;es bctwce11 now and Septet1ber, lie estimates a ..;t~dcnt body of app1·oximately 4'(1+ in Septemb~r 1957 . This ... renort was rc cei ved with the thanks of' tl1e Boai-·d • Mr. Ensmin6er presented a r eport of the activities of tl1e Alti..nmi �• • •• •• • • �,,__ :170 •-4- Secretary and of the 16th Alwnni Flmd. Ile reported the largest amount of cash r eceipts of ru1y aJ.uinni fund drive to date . Mr . Ensminger and tl1c oi'fice1.. s of the AlunL"li As:.-;ociat:ton we:r·e commended for this 1'e:oort . .. Reports of other admj nistrati ve officers were discussed as previously circuJ.atcc1 and \-Tere filed . Ml... Logru1 Caldl1cll ma e the follo,nng 1~eport as chairman of tl1e Ii'i11ancc Committee 1-1hich met on t,fay 31st . (a) The Coll!lllittee requested that the Chainnan appoint a committee of the Board to re~exaroi nc the entire fraterni tJ, house situati on at Centre . The Chairman ag:r·eed to appoint such a com1 ttec in the oi 11eru: future . He l''eported that a thoi·ough study of i11vestmcnts of Centre's endowme1 t fund had been made b)' the Cornmi ttee . On r t:comme11dn.-'~ion of the Uni·ted Sta·tes Trust Company of ~rew York, about $llc , OOO in u. S. (b) Bon sand commo1 svocks are being sold and the procecctv invested in ot her bonds yieldi11g a higher 1~cturn and contai1~~ng non-co..llr:.ble features . (c) A resolution was unanimously adopted authorizing Mr. Logan Caldwell, tl1c treasurer, to execute for sale $82,000 United States of /unerica Treasury Investment Series 11 B11 Registc1..ed bcn s . t4.r . Armst1~ ong reported the most urgent matters o f capital i ro rncnts necessa.ry to the btlildi11gs and grounds wl1ich had been approved by the I,; - Exccuti ve Commi ttec . His committee "'as directed to get estimates on tl1c ,,ork at the women's do_ ,d tories recoinmendcd in the 1·epor t of the Dean of tvomcn, and to rcpo1·t to the Exccuti ve Comm. ttee wl1ich ,,,as given power to act in this matter . The action of the Executive Committee in authorizing a committee cf. the Boa.rd to meet with committees of tl1c two Presbyterian Synods was approved . It was mo,ed, seconded, and carried that the request of Dr. Gosney for use of the college facilities f or oummcr conferences ir1 1958 from the e nd of school until Jtuy 28 be appr oved with the pr·ovision that the conference leaders be notified tha·t t hey will be r esponsible f'o1· any damage, and to provide for inspectio11 be fore ru1d after each conference . t4r . Li vcly reported tl1at the College had been left t he s\un of $30,000. 00 in the will of J.1rs . Essie M oore Barnett . This gif't is conditioned on our raising tl1e addi tionul sum of $150 ,ooo. 00, the total sum to be used for construction of a new building on the women's campus . There is litigation pending i11 the Fayette Circuit Court for the construction of this will. Mr. Ianier repo1,ted that tl1e Synods had not yet nominated t r ustees for tl1c class of 1961 , and since the Synods did not meet until September, it was moved, seconded, and carried that tl1e election of new trustees be deferred Wltil the October meeting of the Boa.rd. The Board of Directo1,s of the Alumni /~ssociation p r esentc a request �.. • • • • • �-5to the Boo.rd that tl1e AJ U1uni Association be pern,i tted to hi r e a full-time director fo1' the altmmi fund . Tl1e !)rocecds of the alumni fund arc to l)c turned over to the ColleGe, and the Coll esc is to pay the salary and expenses of the irector . 'l'l1e salai·y and expenses are to be determined by a joint committee of the Altmu1i Associatiot and the Board of Trustees . This re quest was referred to tl1c Excctlti ve Commi ttce ,Ti th po,,er to act and it wa s moved, scco11ded, and cru:·ricd tha·t tl1e Executive Conuni ttee mal·e every effor t ·to lrorl· out the details of this proposal . The wecretary was di1·ected to acla.o,rleclbe thiG request a'1d to ini''orm the officers of the AlUJD11i Associatio21 of the actio11 taken and to be taken by the Board of Trustees . Mr . Baler reported that the coll'!!Ilittee appointed to find a permanent president for the College had had severaJ. meetings and tl1ey arc now o.cti vcly building tlp a list o!' .1:t·ospects . Ife stated that the committee wouJ.d l)c glad to receive Stlggestio11s frorn tl1e B08.l"d members . There bei11g no further bt1siness to come befo1·e tl1e Board, on motion the me ting ltas adjourned. Respectfully submitted, PIERO] LIVELY Sec1·etary �• • • • I • • ' • • • ' •• .' ) ' • t • • • l • �~..l:~lTT1;S OF A S'? ECIAL MEETING BOARD OF ff'RUSTEES July 19, l_.157 A special meeting of the Board of Trustees of Centre College was held pursuant to call 01 tl1e Chaii-·man on July 19, 19;i7, at 9: 30 a . m. Present were Chairman Lanier, Trustees Blazer, Campbell, Logan Cal.dwell, Boles, Diederich, Yerkes, Van Winkle, Faulconer, Wachs, Armstrong, Nevin, Creger, Nichols, Gosr1ey, and Lively, and Dr. W B. Guerrant, Acting . President . The meeting was open with prayer by Dr. Guerrant . Mr. La.nier stated that the purpose of the meeting was to give Mr. Thomas Spre£ens an opportunity to meet with the Board of Trustees . Mr. Campbell, Chairman of the Special Committee ~o Secure a President, , was asked to make a report . Mr. Campbell reported that his com~ittee had unanimously agreed to offer the presidency to Mr. Thomas Spragens, if this met with the approval of the full Board. Mr. Spragens was then intrcduced to the Board of Trustees by Mr . Campbell, and discussed fully and freely his views on the presidency and the place of Centre College in the American educational picture . Fvllowing a question and answer period, Mr. Spragens exctsed himself from the meeting . Mr. Blazer then moved that the Committee be authorized to extend an invitation to Mr. Spragens to become president of Centre College at a salary and with other compensations and benefits to be worked out by the Committee and Mr, Spragens . This authority in the Committee was to include the agreement to the renovation and the refurnishing of tl1e president's home on the campus . Mr . Blazer stated that it was to be understood that the Board of T1·ustees will raise t,he add.i tional money required above the current cost of the ofi'ice of tl1e president, so t,hat 'M r. Spragens would not be required to raise these additional. funds l1imself . This motion was seconded and unanimou8ly adopted . By agreement of the Board additional items of business were then brought before the Board for action. Mr4 Lanier presented a report pr~pared by Mr. Baker, as Chairman of the Special. Committee on Church Relations, concerning a meeting of his committee with representatives of botl Presbyterian Gynods, which had been held in Louisville . This report was approved in principle by the J oaTd . Mr. Lafiier announced that th~re existed a vacancy in t.he Board of Trustees and CornmitteP- #2 of the .Board retired to nominat~ a successor to George JopJin, deceased, for the unexpired term~ The Cornmjttee' returned with a r~uor+. in which it nonu.nated .M:r~ Elbert Gary SutcJ iffe • of l~,uisville. Or.l motio11 the Bca1·d t,hen w1animotlsly elected Mr. Sutcliffe a trustee to fill ·the unexpi?"ed term of Mr. Joplin. Mr . Armstr0ng preser1ted an ag!'eem~r:t to ext.end the contract w.:! tl1 Danville: IIigh 80.hool for use of the athletic fi~J.cl fo:r an addi.~i-onal year . .. On n~otion du].y maa. ru~,.. se~oodcd, Dr. Guerr·ant ".vas authoJ·ized t.o s:.gn this cont1·a.ct on behaJ.f of tl1e Co.llege. 0 �.. .- • • \ • • I • • l • .. • • • • .... • ' • • . . \ I �Mr. Armstrong then reported as Chairman of the Buildings and Grounds CommitLee that work had begun on renovation of the bathrooms at the women's campus at a cost of about $:,,400 . M.c . Armstrong moved that this be approved and that the 'Jlreasucer be authorized to pay all costs above Mr . Blazer's special contri 0ution frum tl1e Ford Foundati 1n Merit Grant . This motiori was seconded and unanimously adopted . 1 A special counnittee of tl1e faculty which had been meeting witl1 Mr . Thomas Spragens dur.Lng the transaction of tl1e other business of the Buard was ther1 int1'oduced . The members of this faculty committee as representatiies of the entire faculty of the College stated that they would be greatly pleased to 11ave Mr . S.;ragens as president of the College, and that they were extremely impressed witl1 his views on the educatio11al :f'unctio11 of Cent1·e College . at 1:30 . On motion, this meeting adJourned at 12 : 30 p . m. to reconvene The Board reconvened at 1:30 p . m. , and Mr. S~ragens met with the Board again and received the offer of tl1e presidency from the Board . Mr. Spragens stated that it would be some weeks before he could give a definite answer to this offer and ne requested that no publicity be given to the fact t hat the offer had been made until such time as he was able to give h1s answer . There being no further business to come before the meeting it then adjourned . Respectfully submitted, • Pierce Lively Secretar·y �• • • • • • • . • ' • • • • , .. • • ' • • • • • ' • • ~ ' • '' • • ' • ' , • • • • .. ' •. • • ·- l • •• • • .. • • .... I -.J .. • • '• • , ,. �• MI.lfurES OF EXECUTIVE CO~lITTEE MEETING AUGUST 30 , 19)7 Prese nt -re.r~ Chairman Lanier and ~':'tlstees ~ampbell , W, P. Caldwell, Van ~in~le, ArmstYon 6 , Logan ~al dMcll , and Lively, and Acting Pre siden·t W. B. Guerre.ni: . 1 . Mr .. La.n1.f.r e:X91.. essed the tl1anlts of the Board to Mr. Campb~ll and t he members 01 bj.s c0mmittee for their ex0ell ent work in obtaining Mr. Thomas A. Spre.g311s as Preside!l:t of Centre College . M .. Ca~\>l)~lJ. rep:>rt.ed that l-1r . Spragens had been employed r 011 the foll owiP z. ··· '"!.:-: 1 rursuant to autl1ori ty grant e d hi s com s mittee at t=ie specia_"' ro~t"~t~.:.g of' the Board held on Jul y 19, 1957 : 2. S~·-~:ry - $ld ,000 . 00 per year, D:?~r:1.tion of Pr·esident 's home, - $5 , 000 . 00 per year , (Enter~ainment, Service, etc . ) ~io servants to be paid by College, 1 ( 0 .1.'-"'·',;e to pay entire armu:i ty cost., •:o"'.:i.~ge to furnisl:1 one automobile, as -:ravel expense . It wa~ move0., secondPd and unanimously carried tha t these arrangements made v1ith Mr . Spragens by the special committee pursuant to authori ty bj the Boaxd as stated in the minutes of July 19 , 1957, be ratified and co11firmed . 3. Mr. Lanier then expressed the deep appreciation of the Board to Dr. W B, Gt1errai1t for his unselfisl1 acti on in acting as . p r esident during the interim . Mr. Lanier stated that Dr~ Guerrant came at a t ime of real crisis at Centre and that he has brought a great deal of skill arid experience wi tl1 h• which 1ave tremendously im helped to keep tl1e College functioning smoothly in these months . 4. It was moved, seconded and carried that the regular fall meeting of the Board of Trustees be postponeu until a date af~er Mr. Spragens has arrived at Centre and is able to meet wi tl1 the Board. 5. Mr. Frazer reported from tl1e Registrar's office that the student body is expected to number approximately 6. 452 for the year 1957- 58 . Mr~ Armstrong, Chairman of the Building and Grounds Committee, described the pJ ans for re11ovating e..ud f\1rnishing Craik House which have oeen drawn up by ~lr . Mor ari of· Nevin and Morgan . The first floor is to consist of public rooms and gt1est reams and the Spragens family will live on t .he second floor . These _pJ.a ns ,-1ere approved by t,he Committee and the Buildj.ngs and G.rounds Commi.t.tP-e was authorized to proceed with this work a..~d m3.ke the e.xpen&itures necessary . 7. Dr. <1·.1errant renorted the followi.ng faculty appoi ntments • for -r.he year : (a) P~vcrend Bru c 0ompton, part time in r.lJi..J osophJ ru1d Re ligion - $12.00. 00 . 'b) l1t"8o John Hi J 1 Bai. ley - assista11t in J ,"c)artmci1t of Hom~ Economics - $1500 . 00 , �• . L, . • ,I • • . ., • ' •• - '• ' .. • • • . •, ' • ' .. ( • ••••. • • •• .. ' .. .. • .. .. \ .. .. • • • ' • . I ' ... .. • , .. • • .. ·- . •• ' \ • • -· r ' ·, • ' • • • • . ..• l •, •• •• .. .. , .• ... • . .' •• • • • : .. ·~ v -• ~ t •• .. • • • • • :., ' I' ,. \ ' • • I • • • •◄ • • • I • , • ' ' •• • . ' t •, • . - J • , ... ' .- • �- 2- (c) Mr. Cordon R. Coe, Research Assistant in Cliemistry - $2800 . 00. On recommendation of the President, it w moved, seconded and as carried that these appointments be approved. Dr. Guer·rant also requested that the minutes of May 31, 1957, be corrected to show tl1e appointment of Dr . Charles F. Conklin as an Associate Professor rather than as Assistant Professor . This correction was made . Dr . Guerrant presented a request from the faculty that facult y salaries be reduced by the amount of annuity payments and that these payments be taken by the College . This matter was discussed by the Committee and Mr. Lively was asked to explo1·e the question further w ith the Faculty Committee which had made the request . Dr. Guer1·ant also presented a faculty request that the Board examine the feasibility of a jointly maintained "Major Medical Expense" insurance program . This was referred to the Insurance Committee of the Board , consisting of Logan Caldwell, W P. Caldw . ell, and Pierce Lively. 8. The budget for the year 1957- 58 as previously reported to the Board w tentatively appro ,ed with the understanding that certain adjustas ments will be made at this time and at a later date . 9. On recommendation of Dean Heck, the appropriation ~or new books in the library for 1957-58 was raised from $3)00. 00 to $5500. 00. It was stated that an attempt will be made to collect $1000. 00 from the Challenge Fund of the Presbyterian Church, U. S. , to help defray this expense . 10. A 1·equest of the U S. Government for the right to use Morgan Hall . and annexes as alternate headquarters for tl1e U. S. Army Engineer Division, Ohio River, in the event of an emergency resulting from enemy action w as approved . ll . On recommendation of Logan Caldwell, the salary of Mrs . Anna M . Moore of the Business Office was increased to $3,000. 00 per yea:r beginning September l, 1957. t-1r. Caldwell stated that Ml's . Moore's work load had greatly increased due to the illness of Mr. Arnicar and that this salary was fully justified. 12 . It was moved seconded and carried that Mr. A. w Walker of . Danville, Kentucky be employed by the College to do the renovation work in Craik House and that he be employed on a basis of cost plus ten per cent . 13. The Exec tive Committee was informed that Mr. Elbert Gary Sutcliffe, who was elected a Trustee for the unexpired term of Mr. George A. Joplin, had accepted and that he was sworn in by M . M3.yme Patterson, Notary rs Public, in the presence of Chairman Ike Lanier and Acting President W B. . Guerrant on July 27, 1957. There being no further business, the meeting adjourned at 4:00 p . m. Respectfully submitted, Pie1·ce Lively Secretary �. .. ... • ,. . •• • ••• • •• • • •• .. • • ' ,• , .. • • • • • • • • .-. .. ,. • I ' • • •• .. . ' • • .. ,• ' • • •• '' ·' • • .. • • •' •• •• . . " ... .. • ••I • • • ·. •• ., . , " ... ... • • -..J • • • • • • • • •• • • • • • .. \ .. . ... • \ .. •• . .. .. ' ··-.. • • .. I • • • .. • .J • •• .- •• • ..... • I \ .. • i .,. . • l • •• " • ... • ... ' • • ...... .. ... . ... . • •• • • • • , • • • • • • • • . .. . I• • .-. ' .... ,. • I .• , • • • • • .J .. • • •• , • • • • • • • • • • • • "" ..• • • .. • • • .. • ' I • •• • • • , • • ... • . I • • I • ,. • ' • ••• • • • \ . • . ~' . • •• • I • • • • •• • •• t •• ... • .• 'i . • • • • • .. •• • • • C ' •• • •I •• I .. • • . r • ' • • ' .· • • • '' ' . • • • • . . ..i '.. ( r r • • .. • • I. • I • \ •• .. "' • • • • I- , •• I • ' ... . . . .-· .... • ... ,,, ... .. -.. • I:,• • •1 • .. , ' • • , r• • • . • ,. • • . ,. J 'I , • • , ... t • •• • • • • • •• • • \, ., • .. ' ' • ,· • . '• ••• •• • • • .. '• ....... .. ... . ., •• ..• ' -- . . • . .,. .• • . ' •• • • • .. •• .. I . • . .. ... .. ' ... • .. • • - .. J • '• • • .. • • r .. ... • ' .. I •• • • • ••. • .. • • ,I . • •• •• • • • •• •• • • • • .- • • • • .. .. • •• l • • • • I • • • • r • ..r • • . • .' - • • • . • I I • • • '• I • • . , •• I • . . ' .. • .. .. r • • • • " , • ,., • • :. . . ••• , ... .· . •• ' • .. • •• .. • ... • • • I I • •• \ •I -~ .. ,- I • . ,·.,,. • . l • i • ... • .• "· .. .• • .. • l• • •• l • •• • .• I • \ , I • ... { • . .- • . t • • I • • • - • .. • �• MINUTES OF EXECUTIVE COMMITTEE MEETII~G OCTOBER 18, 1957 Present were: Chairman Lanier, Acting President Guerrant, Logan . Caldwel l, Do11 Campbell, 1,Jorris Armstrons., W p . Cnldi:vell, and Pierce Lively. The meetin was opened with prayer by Dr. Guerrant. The minutes of the last meeting of the Executive Committee were app1·oved as circulated and the reading thereof waived. Dr. G\1errant prese11ted an estimated operating budget fo1" the year 195'7- 58. Tr1is bt1dget is based 011 past expe:rience and taking into account new items of expense previotisJ y approved by the Board of Trustees and the following r,e,., i terns not previottsly ap1)roved: 1. A bonus in the amo,1nt of $300 . 00 for Joe Brummett for the year 1957-58 because of the additional work load which he was required to • assume by reason of his taki.r1g ove1· t he dtlties of head football coach. 2 . An allowance to Dean Mary Sweeney of $32.50 per month for this school year and to Ma1·celyn Rouse of $25. 00 per month fol' the school year to compensate the· for eddi tional living expenses inc,lr·red as the • m resul+ of their being requi1·ed to vacate rooms fux·nished tr1em by the Colle6e in Evans lI<Juse, which is to be occupied by the Spra5 ens family . An allowance of $13·75 . oo for the fiscal year as salary for an additional typist in the stude11t promotion office . 3, It was moved, seconded and carried that the budget as presented be approved, and it was l'e commended that it be approved by the full Board of T1·ustees at its fall meeting. t•1r. Ar11icar repo1~ ted on the general operating fund for the fiscal yea ended August 31, 1957. He stated that the College operated through that fiscal year at a deficit of $725J .63. This compa1·es with ar1 earlier estimated operating defj_cit for the year of $1~ , 000 . 00 to $20 , 000 . J 7 Part of t}1is redu ction in deficit was accomplished by spreading cost .s of certa111 capital improvements and purchases over a fi vc-year period. At the reqltest of f-ir. Arnicar the following resolutions were unanimously adopted: 1. Resolved that the Business r.ianager of Centre College of Kentucky be authorized to bo1'row 1--or opera·ting purposes from Farniers rational Bank of Danville, Kentucky, up to the GUin of $40,0ou.oo , this authorization to expire December 15, 1957. 2 . Resol ved that the Business Kentucky be authorized to borrow for National Bank of Danville, Kentucky, autl1orizati o11 to expire D cember 15, e Manage1' of Centre College of operating purposes fron1 Citizens up to the sum of $23,500. 00, thi s J 957. �. • •• • , , , • • , • • • • • • •, • , • • • • • ·• .• ' .. • l t . • , .. . , .... �Mr. Logan Caldwell, tl1e Tr·easurer , reported total receipts to date f· ·om KYSEC campair n of $lh0 , 0:)0 . oo . I{e stated that the most recent l etter from the director of KYSEC a.dv:i.ses that we should expect to rece ive approxi 1nately $21 , 000 . lJ in e ditional f'Pnds f1·om thJs campaign . However , then the total amount :r-ecei ved by the College will fall about ~>35 , OOl . 00 short of the amottnt needed to repay the ten-yea1· loan made with the Kentucky Trust Company for erection of the Art and Music Building. t4r. Caldwell also 1·eported that out of the Ford Foundation Merit G1·ant he l1as made the following expenditures: 1icroscopes Roof on Main Build-tng Blacktopping at 0 1 de Centre Interior worl~ at GJI}U1as i um Water I-feater fo1~ W omen's Depa:rtment Bathrooms for Wo1nen' s Depart1nent Stadium 1·epai l"S Total $ 933 . 30 2 , 606 . 20 611 . 40 670 .40 2 , ~ 30. )U 4 , 2 S:> . uo l,937-2h ri'J, 798. 5b-·- He also noted that Mr . Blazer had made a gift of $2500 . 0l, which was used in the new bat l11:·ooms i11 the "tlomen ' s Depa1·tment . fv1r . Caldwell reported the follo,1ing capital imp1·oveme11ts which should be made in the near future: Additional baths at Wome11' s Department Repairs to east side of stadium Tennis courts Air conditioning fo1· v1eisiger· Building, Renovatio11 of' railt IIouse $6,500 . 00 1,300 . 00 l,'100.00 7,500 . 00 (Estimated ) 45,000 . 00 (Esti~ated ) Dr. Guerrant reported the total enrollment for the present school yeo.r et 463 , made up of 268 men stude11ts ar1d 195 women sttidents. t-1r. Armstro11g, Chairman of the Bui-ld ing and Grounds Commit tee, reporte 1 that I'-11·. /\.. W Walker had begun work on the renovation of Craik . House. He also re ortec1 tl1ut tl1e plans and specificat · ons for work other than hat cJ.n{s perfo1·med by I r. 1'1alker nr·e now ready for bids . Mr. Li veJ.y reported on the pro 0 1·ess of li ti&ation in the Fayette Circ it Cour concerning the estate of Essie Moore Barnett. He eported that $30,00U . 00 has bee,1 paid 01el· jr tl1e executor of tl1e estate to Second rational Bank and Trust Company of )xin 6 tnn, and if Centre make I cvalla le withi r1 five years an additional $150 , 000.00 , this $3l , vJC .oo w·11 be turned over to Centre for the erectLon of a building on the Women's cam1)tls. He also reported tl1at if Centre meets the requirements for tle $30,0C0.(0 bequeot it will be entitled to a portion of the residuar estate and tl1at its sha1"e wi.ll pro ably amo\1r1t to something r et,1ee11 ~15,000 an $30,u o . Mr. Lively also reJ,; orted that a ho1lse and lot in Parsons, Kansas, had been left by Mr. Har·ry iYlorto11 to his wi ow for· life w•i th remainder o the College for a scholarship fuz1d . Ile stated that dt11·ing t e la s·t week tl1e wi o,.; had sent a qui tcla1m deed to he1' life inte1'est in the -2- �• �property to the College and that the College is now the sole owner of this property . Mr. Logan Caldwell and Mr. Lively were authorized to investigate the value of the prope1ty and to sell it if that seems to be the p1·oper course of action to take . It was noted that Dr . Guerrant will not be present at the full Bc.,ard meeting in l'lovember, and the following resolution was unru1imously adopted: "The Board of Trustees of Centre College expr esses its sincere app1~ec iat ion and tha11ks to Dr. and Mrs . W B. . Gue1·rar1t for their unselfishness in leaving, tl1eir home and coming to Danville for the purpose of guiding the ai'fairs of the College during a d~fficult period. Had it not been for Dr . Guerrant s will ingness to return temporarily to Da11ville as interim president of Cer1t1·e College, many problems would have been created by the necessity of o.erating th~ College for a period of months without a president. Dr. Guerrant has shov,n t r emendous ability and tact and has made a most valuable co11tribution to the life of the Colle 0 e . All friends and supporters of Centre College owe Dr. and Mrs . G tlerrant a deep debt of 5 ratitude. ·• 1 Respectfully submi tted. Pierce Lively Sec1·e t ary -3- ��.-11rnTTES Vleeting of the BOARD OF TRJSTEE2 Cent.ce College of Kentucl:y l.ovembe1· J_6 , 1957 Pr~sent we~e: C11.ai1"rna."1 Lanier , Miss YPrk?s, 1iss ?.J;;~ter; ~1:·~. Cl1ane:l) an ('E..i.d_t..~lJ.; Gamble; T,1. P Caldwell , St•:clif1'2·,. Va11 \>l1nk.Je. Bc:i.k~r, Lel~· -LO e s, 0~snAy, Creger - B, az.2r , I~evin, Al·mstronR> C"imuhel.:. F~ttlconPl" ic" ol ,1 an lLl"lt,-,e1."P, Diederich, Liv·ely, c1.nd Pres1.cent Spr;gens. · ' !o Tb~ minutes of the spe~ial meet~ng of vuly 19 ) 1057 J and all . ,/ E :<ecut:i v=; Committee meetings since were app..1.·oved as mimeographed and cir ula·ted and tl_e reading tl1ereof waived . Lr . Lanier tl1en introduced Mr . Sp.tagens , the new P.~esident of t11e 1 College . Fie stated that the election of Mr . Sp1·a3ens had met wi tl1 the nanimous and enthusiastic aop~oval of all friends, alumni and supporters of t 1e College as well as its Board . He f\.u:the1" stated that in his opinion no P ... esident of Centre has been as well qt1alified for the dt.lties as ~11· . Sp1·age11s . ~..r . Lanier said ti1at the Board of Trustees had vested full responsibility in Mr. Spragens for the ad.minist~ation of the College , and would 6 i ve to him its 1Jnq lali fied support . :_e the11 called on t-1r . Sp1·agens to talk informally to the Boa1·d . Mr. Spragens ex.L)1·essed 11.is appreciation for the gene rous welcome and pledges of support which he had received from the Trustees , faculty , townspeople and otl1er persons connected with Cent l'e College . He t hen gave in b1·ief his o"'rri app1·aisal of Centre and its position from his observations and investigation prior to lis decision to accept the pre~idency . He said that one of the strongest as~ets of the College is its faculty and that in his opinion th~y are capable of doing a superior educational ,job . His appraisal of the College prior to accepting the in,ritation to become president indicated to him that in matters or- endowrr..ent, physical plant , and lib1.. ary facilities Centre is considerably belo,-r the level which it must reach if it is to do the type job whicl1 he and the T1·t1stees r1ope for in tl1e future . He stated that he had only been at Centre th1·ee or fou1.. days and was not p1·epared yet to make any speci "'i recorr.zrendations , but did give in a general way his ideas of the future reeds of the College and the goals wr1ich should be set in order t o fill these needs . Mr. Logan Caldwell , Chairman of the }inance Committee , reported that his corrJni ttee had met Friday night at his home with Mr . Fl"anlt G1·ady oi the U. S . Trust Company , Ne't1 York . He said tl1at after a thorough review of the Centre portfolio , only one change of about $18 , 000 had been decided upon at this time . The ·ommittee was unaniffious in feeling that no large-scale changes should be made in the holdings of the College . Y.tr. Coldi-1ell then presente in mimeog1.. apl1ed form tl1e annual report of the Treasurer of the College and corr.men ted on various features of tl1e ��180 report and answered questions . filed . This report was received and ordered 7 ~· · Nevin report d for the Building anJ Grounds Committee on the remodeling of the President's home . He outlined the approximate cost as follows: Wiring iieating and air - conditioning Tile woi-·k General contractor's work He emphasized that these Total 'll"e estimates onl y . $4,000. 00 15,9e,o. oo l,J95 .00 42,167. 00 $63,662 .00 At the reqtlest of Mr. Nevin, it was moved, seconded and carried that t--1:· Sp:aue11s, as P1·esiden~, cP authorized to sien all contracts in co1mec tion with remodelin5 C1' ailt House af'te1· approvaJ.. by Nevin and Morgan Architects. ' The re c_t1.est of the Board of Directors of the Alumni Association that t he College l1ire a full-time director fo1· tl1e AJ.urt"1i FU11d was referred to President S:p1·agens for his 1·ecommendatio11s and future action by the Executive Commi t,t ee . Mr. Spragens presented a proposed operating budget for the year 1957- 1958. After discussion, it was moved, seconded and carried tl1at this budget be app1·oved as the operatine budge t for the year . It was m oved , seconded and unanimously carried that the full Boa1·d of Trustees express its appreciation to Dr. and Mrs . W. B. Guerrant for their many contributions to the College dui·ing the period of Dr . Guerrant 's se1•vice as Actind President . It was moved, seconded and carried that the honorary degree of Doctor of Divinity be awarded to the Reverend Arch MacNair of Deland, Florida, at Commencement in June , 1958. This deGree was voted on recommendation of • Dr . W. B. Gue r1·ant . President Spragens repo ted that the work of the semester has begun and is moving on schedule . He gave Dr . Guerrant much of the credit for this and stated that it would not have been unusual to have found a good deal of con fusion after a period without a pe1~manent p1·esident . He re ported an enrollment for this semester of 463 and said that every bed in the Women• s Division is occupied . It was his opinion that tr1e morale of both students and faculty is high and that this year's results will compare favorably with 1·ecent years. It was rerorted that pre-registration had begun f'or the year 1~58-59 and was ahead of' last year . President Spragens noted that each year the tendency becomes st1·onger for more and more stt1dents to register early in theil' sen.Lo1· year in high scho<.11 . Mr . Ensminger reported that the first three ,-reeks of the Alumni Campaign discloses cash payments of' $>,199 -00, and pledges of $1,825 . 00, for a total of $7,024. 00. It was moved, se conded and unanimously carried that the Board exp1·ess -2 - \ �I • •• • .. . ' • • • •• • .. • \ • • • • • ... • I • • • ' f. ••• , • ','' • • �181 its appreciation to the entire faculty of 0 entre College for carrying on their work in an efficient and loyal manner d'uring the period of operation without a president. It was directed that a letter be sent to Dr. Heck for transmission to the faculty . ~h· . Baker reported for the Nominating Committee and placed in nomi nation the following names for Trustees of Centre College with terms to expire in June , 1yC1 : U. S. Synod nominee - Hugh L. Nevin U. S. A. Synod nominee - Mrs . Carl N. Chaney Alumni Association nominee - H. L. Nichols Nominees from the Board: Hunton Rogers, ArL.elia Yerkes and Howard Van Antwerp. Each of the nominatees was unanimously elected with an affirmative vote 01 more than sj_xteen Trustees . Mrs. Chaney was then sworn in as a Trustee . There being no further business , the meeting adjourned at 12:35 . Respectfully submitted, PIERCE LIVELY Secretary - 3- ��:18? OPERATING BUDGET CENTP~ COLLEGE OF KE!fTUCKY 1957 - 1958 INC~ME EXPEND:TURES - J 1\c3.tional & Gene .:al - - --- Fees ~·1dent General Administration p i-·es:"rlent Is Office . . 1.:. t ion $257 ,460 . 00 2 ,32 5. 00 ;l e 1· Fees $259 ,785. 00 _; 1 $ 34,4S'O.OO 13,95u. co Busin~ss Off ice Treasurer 1 s Office Dean of Faculty Board of Trustees 5, 240 . vu 6 , 8 , 1 0 . 00 7 -- - - - -· 1_·e stricted-Secur i tie s 6,2 , JO . 00 1 , JO . 00 ii~restricted Real Estate r .=,;t r icted 1 35 500.00 --- ,, 500 . 00 110 1 Other Sources 43, 800 . 00 41, 000 . 00 1 t , , iJ0 . vu 21, ... 50 . Ou 6,ouo. oo 16 , 700 .00 ---.l4b, 0-50 . 00 5, '3 50 .00 -------------'-•- Auxiliary E11terprises Resi1ence Halls;Women Residence Hall, Wiseman Residence Hall , McReynolds Residence Hall, Breck Centreville Dining Hall - Men ( I~et) Dining HaJ.l - Women ( I~ J et Tea Room (Net J Coffee Shop (Net) Bookstore ~ Postoffice (Net) Intercollegiate Athletics ---=-------------- 2 4 ;r6o. oo 4, 845 . 00 Student Services Rebistrru~' s Of1·1ce Dean of Student's Off'ice Dean of Women's Office - 5 , l·95. 0 0 3 , 600 . 00 4,815 . 00 ;- , :>30 . 00 Health Service St ldent Activities Vocational Guidance Bus Service 4, ,oo. oo 7 , 810 . uo 2 , hJO. Ou 33 , S, )0 . 00 19,945.00 Sta f f Benefits - General Institutional Expense General Publicity Office Student Promotion 11,95 .1 ,00 16,580.00 l v,245.u0 Al .unni Office Pul>lic Relations Communications 3,205 . 00 4 , 260 . 00 & 1, )25 . 00 Admissions 18,300. 00 62,865 . 00 J 4,325. 00 6,433 . 00 2 ,362. 00 3, 230 . 00 lJv. 00 Instructional Expense Departmental & General Library Operations & Maintenance 450 . 00 1,250 . 00 1.2 ,1 )0 .00 73-;I;5-, 00 Student Aid Gifts Endowment • 00 , 630 . 00 towment-I~come rw1ts & Gifts ; J ur ch B, ards ~ Churches ·· Ji vine, Endowment (Gifts ) ~ cial 3ift Fund ·pe Al11mni Fund Vocational Guidance Grants - Research, etc . 100 . G0 5 , 500 .00 20 , 500 . 00 __ 2,b,0L)O . 00 Auxilia1·y Enterprise~s Res i dence llalls, Women Residence Hall, Wiseman Resjdence Hall McReynolds Residence Hall Breck Cent1·eville I ntercollegiate Athletics Student Ai d - 214, 14'7. 00 19, 99J ,00 85 , 202. 00 319 ~344.00 10,391.00 2 , 940 . 00 1,323.00 9,973.uc , , 500.00 15, ) 37 , 00 52 ,264 . oc 67,000.00 Annt1i ties ( 1'.A L Ir{COME -- - - --·-- $621, 31.,.0 . 00 TOTAL EXPE~iDITll'RIJR Su1·plus I ricome over Exp . TOTAL $618 , 498.00 2, 842. \,0 $'b21 , 340. o,· �• • .. ' .. • • • •• • • •• • .. ._ .. \ .' • •• .., • • -· ... - -·.•. .. •j... • - .. , .. ~ ·- ·- .. l ..t • . ' ., • .. .... • ' h ... \ ... .. ,. ., \ •• • ' • • • • •• 4 • • ' •• • • • • . • -· • . ,. >- ., .. .. - • ' .. • . l • •• ' .- .._,, • • • • • ..• . l ►• .. •• • • • • . .. • • • • • .. • • • • • • • ' • • I • • .... .. ' • • • • • • I' • • •• .. • ' '• • ,. -· I •• • • • • • - • I ... • • • r • . ' .. .. • ·- • - . • • -· • • l • • • •• �A!JNUAL FALL REPORT OF TEE TREASURER OF CE}TTRE COLI.EGE August 31, 1957 It is my pleasure to present herewith the annual report of the Treasurer of Cent1·e CoJ lege. This report covers the fiscal year begin- ning Septem r 1, 1956 , and ending August 31, 1957 . be This report, of course , deais only with matters related to endowment, and r·e ference must be made to the annual report of the auditors for a complete study of the financial activities of the Colle~e during this fiscal year. As in other years, this report describes the sale and purrhases which were made during the year i n the management of endowment funds . Other matters contained herein are the year's additions to endowment in detail and comparisons wi tt1 the preceding year of the make-up of the endowment and a statement concerning t:t1e j ncome from each type of investment . Sales and Purchases - - Durin 6 the year we sold or had called or repaid the following investments: Sale or Redemption price Item -- - $133, 007 .81 .,2 ,737.50 S;, , ~30 . 49 12 5 , '( liO . 30 76 , 40'7. 04 -------·--$483 ., !~23 14 U. S. Bonds Other Bonds Preferred Stocks Common Stock Mortgage Loans As repla "e n:i.1 t &"1d tho irrvand .loanc- 1;ri0 r+, .1. Gain or loss from -----Cost of Adjusted -Basis ---Loss Gain Loss Gain - -- - $6,101. 59 2,377 . 40 4,028.01 - 24,034.79 0 --------Gain - $16,282.59 ..)r the above secu1·i +;:i f!S and r!l0x-tgage ret.i rements, of new funcl.s, we have made the f()l lowing D\.t1·chases �• .. ' ', :J,., . p . .. ' ,.• .. • • • .. .. • • \ •• ... .. ,... . \ J • • I • •' •• .J • ...... ' • • '' .. . I • '• .. .. ' • I • I • • • ' .. .. •• .. , ) • • • • • ... • • • • • • I • • • l • • t •• .. • • • • • . • 1 ... "• ... • •• '. .. ' •• • ..• • • ... • • .. • • . •• • ; ' • • -· .. • • . ,. • .., l • • . • .. .. - • • ••• • . ' I . . • ... ·i- ..• • • 1• .. • .. . I• \' ., • I .. • • • • • . ' .. ' ➔ ' ) I • I .. : .. .... • ' .. • • ... ....... • I '' ..• .... .. - • .... \ .. ' .' ' • • •• • .. I • • . .. • ' .J • • • ••• • \ • • ' •J ... ' • • l ·. '• . " • l • • • .,. • ' \ • •I •• �Item Cost -U. S. Bonds Other Bonds Preferred Stocks Common Stocks Mort 5 age Loans $82,000. 00 328,474 . 95 57,237.10 102,315.32 - 46 ,650 . 00 Total $616, 077.37 ANALYSIS OF 1NCOME-PRODUCING PROPERTY -- --- --·-- --·----··-·-The following schedule shows the break-down of income -producing Book values on August 31,1956, properties administered by this Board. and August 31, 1957, of each type of property are shown and market value on the latter date is shown for comparison with book value. Also shown is the pez·cent of total income-producing property which is represented by each type of investment as well as the net income from each type . Type ----u. s. Book Value Book Value . 8-31-::,6 . -- Percent Market Value of Total Net Income (Book) _ _ _ _ 8-31-57- Bonds $ 96,2J9 . 4o Other Bonds 534,104.94 Preferred Stocls 390,953 .8J Common Stocks 901,720.46 Mortgage Loans 58v,382.61 Income Prod11c ing Real Estate 186,357 . 71 Uninvested Funds 32,..,70.34 $2772-2-. 299. 31 8-31-'.)7 -- --- . $39,100 . 00 $36,220 .00 812,219.79 749 .755 .00 34qJ .:.>32 . 45 299,039 .00 902,330 .27 1,423,132.00 556,625 . 57 556,625.37 2. 4% 25 .1% 12.2% 32.3% 20.5% $2,898 .14 22 ,166.80 14,843.84 58,182 .27 28 ,137.36 144,662.08 6 . o<fo 7,203 .42 1 144,662 . 08 46,602 . 65 46,602.65 - - - ----$3,256, 036.30 $2,850,172.81 0 1. 5% d. J.00 . 010 $133,431.83 The yield on all of the above property, computed on average beginning and ending book values, was 4.78%. The yield, computed on average beginninb and ending market values, was 4.11%. In explanation of t!1e very high income from our U. S. Bonds, it should be noted that most of' the sales of these were made during the latter months of the fiscal year, and we were 1·ecei ving income from th~m -2 - Yield Average Market ---4.41, 3. 5% 4. 4% 4. 06% 4.9% 4. 3% �• ' l • • I • • • ' l .. .' . • • • \ I •• I ·, .. ' . ' .' • • .. , .·, . . .. .. I ••• • • • y ' ..,• • • • I • • • I '' • • • • t .- • • • . '• • •• • I .. I • .. • , . • .. .. : ,. I .. .' • ., I• • ., .... • , • •• r • • \ • . .. • •..• I 1 ' I.• • I \ ~ ,. • • • • .. •• r - ,,. ... \ ••• ... • .. • . l. • \ • I ~ ~ .. .. • • ., • ' (" . . • ' •• . .. .• • • .. • •• • • • .. • •• • • • • • t. .• • .. .. -r • • ' • -.:. .... :., .... • • • • • - ,. .• ' •• • - • • • (. I • -, • ' • 1 ~ • I • • • • \ • '· ~ I \ I • •I• •• • •• • ., • ' ' ' • • ' •. '... / • .. ' \ • • • • • • • • • • • . • �for more than half of the year. In addition to the above listed endowment funds , the following endowment f t1nds are administered by persons other than this Board and t he amounts of income indicated were received during the year from such other trustees: Book Value B-31-57 t'1ary D. Synot t Bible Cl1air F'l--ed M. Vinson Foundation ~lary Cooper Proctor Fund Income -Fiscal Market V alue -d-31-57 - -- 1957 -- $15,500.00 36,256 . orr 15,oou. ou $15,500 . 00 3),713 .23 1) , 000 . 00 $ 518.40 $66,756.07 $66,213.23 $2,369 .06 - Totals These tables show that although 1,235 . 66 615 . 00 some U. S. Government Bonds were purchased during the year, an even greater amount were sold 1 with a net reduction in these holdings . Our investment in other bonds was substan- tiaJ.ly inc-reased and our holdings of preferred stocks were reduced moderately. The book value of our common stocks remained about the same while market value of st1ch stocks was reduced approximately $16,000. 00 . Fewer new mortgage loans were made, and tl1e normal repayments on existing loan.e reduced our total mortgage loans by about $30,000 . 00. The value of income - producing real estate has been redu~ed by the amount contributed by the fraternities toward the purchase of the various fraternity houses . GIFTS TO EI TDOWMENT DURING YEAR -------------- -----1 The following additions were made to the endowment of the College during the fiscal year: -3- �• -• • r ' .. •• • • I • • • I ••• • I I ' • • • • • • • : • ' • •I )• , .· ' . ..... •• . •• \. I , • • .. • • .. ' •• •• •, • • , .. • • • I ...- , • \ , • .' .. r ' • .. • •• • I • , •• • • • '• " • • • I ' • • • '- I • • • -· ' . • , \ , .' ' • ' ' I • I 1 • •• • I J • •- • • • • • •• • ' . ' \ • ,· . . • . •• • •• • • •• ••,. • • I ' • • . . .. .. I • • • • .. • • I ,. • - f •• ..• I • • • • �Fr~~~- Vinson Foundation: Mr . Fred Fl orence Dr . \{alte1 A. Groves Centre College A1,.1moi Associ at i on ,Jos . M. Hart fie l d Jos . M Hartfield . Abercrom bie Foundation Gi fts - Donors unknown or anonymous Total $ 250 . 00 100 . 00 50 . 00 6 . 1; 472. 50 5, 000 . 00 340 . 00 $6 , 218 . 75 Gift s t o General Endowment: ------- Ethel Rupley Scholarship Fund Dx· . Hardin C' aig Library Fund # II II II II If Mrs . Jesse Ball DuPont ~erry H· tchet t Scholarship Flmd E. T. Boles - Professor of Economics E. T. Bol es - Professor of EC'onomics Pro0~eis of sale of Davis house not car~ied on our books A. C. flewlin , gift f'or E . C. Newlin Cha11· of An : icnt Laoe,;uage Ford Fotlndation , Basic G1~ant Ford F Jtlr1dation, Merit Grant Miss :Ee1.. tl1a Lebus - Scholarship Total $1, 361 . 24 105 . 00 500 . JU 20 , 360. 00 1,000 . 00 6 , 575 . 00 5, 340 . 00 3, 975 . 00 3, 000 . 00 77 , 500 . 00 51 , 500 . 00 ; 600 . 00 $-176~0~ REMARKS -- I would like t o call your attention to the fact that the Fo1·d Foundation t otal grant this year was $129,000 . 00 compared with $110, 000 last year . and $51,500 . 00 $77,500 .00 is basic grant, consti tt1tes the merit grant. har.1dled in accordance r,4e Of this amount, \Ti th 'l'hese gifts ar·e being p1·()vious ref30ltltions of t,he Board . have a large1· amottnt of uninvested funds on hand than tlsual . �.... -· •• . ' • • .. . • •• I• " i • • - } . .. • • • •• I r. • • . • ' •l • I .. • ••• 1 .. ' .. I • • • , • • :, -~ • . • J. • .:, • • • .. • • • f • •>• .. ., .... •• .. •• • ✓ • •• '\ • • •I • .. • ..... •\ fI ( • • I •' • • • ~ • I •• ' • • ~ • f '. • • • • • •• . '\ • • • • • • .• �This is considered necessa1·y in view of the expenses being incurred in connection with repairs and renovations of certain buildinbs on t he ca.mpt,s , pa~ticulru:·ly the President's home. Yom" attention is also called to the fact that this enti1·e statement is prepared to Teflect conditions as of Augus t 31, 19J7• We are all familiar with the fact that the1·e has been a very substantial decline i n the value of common stocks since that time . We believe that the stocks held by the College have fared better than average during this period of adjustment , although no exact calculations of this decrease have been made . Respectfully submitted, LOGAN CAI.DWELL, Treasure r -5- �• .. • • • • 1• I • • • .. . .. ' • • • t , .. ' •I • .. • , f I• \ ... t .. .. • • ,. I .. • • .. .· • • • •• • • •• ... • . •• .l. • I • • I• • .. t • • • • .• I • • •• - • • �MINUTES EXECUTIVE COMMITTEE MEETING Decembe1-- 14, 1957 The meetins was called t o orde1 at 10 : 00 A. M , by the Chairman . . Present we1-e : Chairman Lanier, W P. CalJ.well, A1·mstrong, Gosney , Logan . - ' ""' ' - '" ~ T"' ,ro 1 v nnd President Sp1--agens . November, 1957 MEMORANDUM Mr . Henry Nichol s took the oath of obligation in Mr . Pierce Lively's office af'ter the meeting of the Board on November 16, 1957 . In Dddi tion , P1·esident Spro.gens <)bse1·ved thn.t existing rates for dormi to-:r y accomrnodations and meaJ.s did not provide adequately i'or maintenance , replacement, and amo1--tization of the dormi torie 5 , dining halls and their equipment . He estimated that replacement of furniture at a desirable level and other needed changes would call for additional annual ,per student costs of $60 and $40 fo1· room s:md board, respectively. Ile expressed the judgment that it was ulmost imperuti ve that Breckenridge Hall be fully refurn¥3hed before the next yenr . I �• .• ' . ••• •• ' . .. • • �MINUTES EXECUTIVE COMMITTEE MEETI NG Decembe1~ 14, 1957 The meeting was called to order at 10 :00 A. M , by the Chairman. . Present we re : Chairman Lanier, W. P. Caldwell, A1·mstrong, Gosney, Logan Caldwell, Sutcliffe, Campbell, Buker, r.nd Lively, and President S1)ragens . 1. The meetins was opened with a prayer by Dr . Gosne;, . 2 . The minutes of the last meeting were approved as mimeographed and circt,lated, ru1d the reading thereof waived. 3. It was moved, seconded and ca1·ried that tl1e Treasurer lend up to $20,000 . 00 r:r·om the Ford Merit Grant to the Oper'ating Fund of the College on a short term basis to be 1·epaid on or before February 15, 1958 . 4. It was moved, seconded and carried that the President be autl1orized to change the fiscal :yea1· of the College if he and the Business Manager dete1·mine tl 1t this is desirable . 5. M:c . Arnica:r· p1--esentei the Business Manager I s report of the Operating Fund as oi November 30 , 1957 . (Copy attached) 6. Mr·. Spragens was then asked to lead a disc,1ssion of various problems as outlined in his letter to the Committee of December 10, 1957, (a) Mr. Spr·agens stated that he had under·taken within the few weeks after assum·i ng his duties to gain a general acquaintance with all aspects of the College I s prog:r·am, partj culv.rly from the standpoint of financial requirements . He obse1·ved thnt Centre had commendably placed first emphasis i.n recent years on increasing faculty salaries, but had in the process of so doing kept expenditures for plant maintenance and rehabilitation at a grossly inadequate level . Ile stated that provision for administrative direction of colle~e affairs and for the libraries was also inadequate, le~ding to many inefficiencies. Also apparent was the failure of tl1e College to provide a staff member to direct student religious affairs . He remro·ked also on tl1e necessity for further i11creases in faculty salaries. In recapi tu.la.tint, the financial implications of these ob.;;,ervo.tions, he s11ggested that present budget levels should if at all possible be increa.sed by $10,000 in 5ene1·al adminis tration, $15 , 000 in student services, $37 ,ooo 111 i11str'l.tction and libra1'ies, $40,000 in plant opern.tion and maintenance, and $11,000 in public .relations and admissions. T11iR totals over $10 ) , 000 , or more tl1an $200 o.ddl tional per student. In addition , Presider1t Spro.gens observed that existing r·ates for dormi to1:·y accomrnodutions and meaJ s did not provide ndequately for maintenance , replacement , and runo1~tization 01 the dormitories, dining halls and their equipment . He estimated thut replacement of f\u·niture at a desirable level and other needed changes would call for additional 9.nnual .per student cosis of $60 and $40 fo1~ room and board, respectively . Ile expressed the judgment that it was ""lmost imperative that Brecken1~idge Hall be fully refurn}Ghed before the next year . •• �• • , • • \ • • I • J • I r -. • • • • • • 1 • . I ( > • .. �190 -2- . . . Af'ter thorough discussion of the program whieh the admin1.strat1.on hopes to put into eff'ect at Centre College nnd the eost thereof and a comparison of ~osts at Centre and other schools w hich ar e doi~g a c~mparable educational job, it was moved, seconded and carried th3.,, President. Spragenr be a11thorized, subject to his fine.l decis i on t,o j_ :1c1•ufli-1G s ..;,1d~ n+. ft,es to ra.tes not in excess of the follovi ng lev; ls for the yenr beginning September 1958: Tuition Room Board $800 . 00 230.00 420 . 00 (b) President Spragens stated that the scholarship policy of the College must be studied carefully, and he stat0d that at a later time he will make recommendations concerning this probram. He stated that it was his opi~ion that as much as possible all scholarship help should be budgeted as employment in the various depo.rtme11ts whe1·e student help can be utilized . (c) President Sprabens stated that the w e problem of hol student housing at Centre will 1·eqttire a great deal of study in the ~ext few months . This includes the question of the proper use of frat e1·ni ty houses and women's residence fecili ties 11.s well as efficient use of men's dormitories . He stated that he Yli.11 have specific recommendat i ons on these matters at a later dQte . (d) The matter of faculty housing was t hen discussed . Pres i dent Sprngens stated that with competition for good faculty members increasing he felt that the College should be able to ussist proven faculty members in their efforts to own their own homes . It was moved , seconded and carried that the previous 1·esolution of this Committee prohibiting lon.ns from the College to members of the staff and faculty be rescinded. (e) President Spragens then reported that with respect to t he ''drinking problem'' at Centre our policy and practice have not been consistent and the enfo1'cement of the rules ho.s been very uneven . It is his position, nnd he ha.s so notified the faculty and student body, tho.t the rules .nd regulations which are in force must be made effective by all persons concerned unless modified . A general discussion of this problem was had, and tl1e President 1·eported that he was asking the student gove r nme nt to tc.ke an active po.rt in finding a solution to this problem. The Committee recessed nt 1:00 P. M , ond reassembled at 2:15 P.M. . (f) The genernl problem of the administrative organization of the College, tnd particularly the business staff , was then dis~ussed . Mr. Spragens stated that before coming to Centre he felt that an administrative assistant to the President would be sufficient help to accomplish the work . He stated that upon closer ex3mination of the many managerial and ndministrutive problems which exist, he feels that for the next three or fotlr yea1:·s it will be necessary to ho.ve o. person of proven a.dministrati ve ability, and with sufficient authority, to carry a great deal of the ad.ministi-·ati ve load of the College . Accordi11gly, on his recommodation, it was moved, seconded, and carried that the President • �•• . I • • • • • • • • I • , • • • I • • 1 , • • I - ,, • • ... J • • I I • I , • • ' .. • i • r: • • , l I • • �-3be authorized to employ an Executive Vice President of Cent re Coll ege . (g) Tl1e future of tha Vinson Fund was discussed and it wa1 agr~':)d .L.}1at ·t.11~ Pr·c:s::t.dcnt shouli j!'lvesl.igate th8 p0ssil):1.li♦tics of ri:)i 7j,ri.r-.g tt:lA }i\Jno__ J.T, ,,-::.., r~g:r'-'ca. tr1.t Fr.::>s:t0.isn+, S:-1r&&;,">n3 fhoulrl not ~ )-,t" ,,.' ~ ~.-r.)r~t, ce -=t2 ()j_ -::,:: l1"; +') t:13 \ji.n.s0n Fur..0 bcca,1s:. 01 t~1P, lr)::ig p~1·j,-JC.. ill -..r11::.ch ac:-,i..·v"::::..lr.. 3 ( ' r '1..""'3C ..Jed. Wl th tl1:? Fund i'iaX'e a.::>r1nant . Mr . S1)ra6 ~1ns stai.,~d. that 1 h'3 ~.md as :it noiv stands would be sufficient to support a Vinson ~ct,,lr8~h:;.p whicr1 w0uld probably bring a nU.l'.!lber of outstanding s~eakcrs to the C0Jlege if slch a program were inaugurated . It vras agr ~ed "'~ha-'c specj_al effort shoulc1 be taken to procur e a gift condi tio11ally proms1.!d by lvf.J. . WilJ. Clayton . 1 Tr..ere bei. ""'.C .nc. 1:'L,_--:-t:::!.er business to coJ1e "t>e fors t -h~ mcetin~, on -:notion ..:. t. \fa.s uc_,j . . . uri1•~~,. Respectful:'..y s1.1br1i t.ted. . Pierce Lively Sec1·etary �.. • �CE JTRE COLLEGE Q~ Tr~}iTlJC ,Y Balance Sheet St rtement-OperPting Fund lTovember CUrre!'l t li\md s Cech in BPnk Petty C::l $h Fund 30 , 1957 2 ,688 . L7 ~ 1 ,000 . 00 J ,688 .47 :To t e s RecPjvebl~ Gene r f'l Fund 387 065 Li chter Lo~n fund 500 . 00 21,627 .31 ./1.c c ounts RecP ivPble Account s Due Tr Om oth r Funas : 0 From Fvans-Su.rnrall ~ch. Fund Fr om rR rris Fund 86 . oo 12 ,53? 64 12 ,625 . 64 De~~ rred De~a rtm en t el Ex~en~e 10 , 631 .07 I nven toriPs 16, 902 .93 PrepRid I ns11r a nce 21 ,0J? . 26 87 ,4oO .J5 ~ LIABI JI TI PS Ge nez·al Fund 3,252 .78 Accounts Feyable Ac crued S' l 2ries & Wages Feder a l Tay~s 11i thhPld Prep8 id Board Charges Sal a ry Savings \i i thheld Hcsnitoliz rtion In~urance • Social Security TPxes 1ithheld St te Taxes /ithheld Borr 0\' ed i:ioney 1 1 19,125 . 07 5 ,956 . 87 00 126 . 88 210 .82 6L~8 . 11 1 ,159 .79 J§. .j_Q_Q . 00 69 ,000 .12 Due o ther Funds : Due t o ; riz e Fund J ,524 .05 76 .6J Due to DKE ~ou ~e Fund PreBR 1 d Ch:-i r {"PS : Pr enl' i d J\'1ea l Tjc1cet~--r.fen Pre ~id Bo~ r rl Ch~ r es~ ~omen RP1:1Prv eA : I,'1 °cel1Pneoi1~ RP c PPrch Pro~rarn Gi "t~ "'o r "'J eei~ne ted Purnose 1c; , 732 .25 18 ,118 . 85 13 , 871 .10 588 .93 7 ,08° . 82 1,1t.56 . no 0 , 114,75 ~00 . 00 116 ,106 . 85 Lichter liound~tion-Stun.ent T,onn f und ~ur piu$-De~·cit Acco1nt: Accu..rnn 1 "' ted One r " t inr.r Def j cit O~er ating ~in to Novembe r ~o . 1957 ?8 , 087 . 85 ~ ,381 . --i2 28 ,706 .jQ 8 7 •Li-0 O • 15 �• '. ' • • • ., . • • • .•. • • • • '\ \ .. • • • • ' • • • • • • • • • • • \ • • • • ' • ' • • • • • • ' ; �CT.J TP.~ cc~ LEGE CF ,:"J1'1 TtJCT<Y St~tement of Income O])erPting Fund Fovembe r JO , lQ~? ~.... T_TC' TIC.TAI 8· GEfrsR.AJ., INCOJ~E Student Fees Tut tion Fees Other Fees Endo .rment-Income ------ ~dov,m@nt ~!:3rning lTnnlloc:-- t/:ld ReAl 1.'s t"' t~ Income-Unrestricted Bes trictPd Bndo1,rment ___ 112 , 1196 .2 5 , 044 . 00 133 ,440 .25 J.7 ,354. 10 2 , 7L1-0 .25 6 ,~54 .10 2 6 , 6/~8 . l.L 5 Gift~ ~nd Gr~~ts rhurch Bo~ra ~ d Chur ches T iving Enr10,'ffilent (Giftc:-) <:;-pee i l Gift Fund /;.J t,,, ,.., i Fund 'l Voe! tionPl Guiden e Gr~nt~--Research, etc. 6 , J.10 ,. 04 2 , 125 . 00 L~ , 500 ,. 00 1 , 542.83 3 , 003,53 '2 , 850 00 2 0 , 151 , l.}0 OthP --Sources r -.Au"'.""ili' ry .I!:nterpri ses Residence Hall-- Women Res idence Hall-- Wiceman 1{esidence Hall-- Mckeynolds Residence Hall-- Breck Cent revi lle Dining Hall-- ~en (Net) Dining Hal 1-- \/omen (Net) 'i1ea Ro om ( l-l et) 0offee 3h0, (Net) Boot:~ tcre Intercollegicte thletics 5 tu --i en t ~ i cl Gift~ Endo\nnent Tot, 1 Income 1 ,077 . 10 lJ , 042 . 07 2,515 . 00 1 ,622 . 02 7 ,827 .25 1 ,895 . 50 105 . 74 1 ,198.26 19 . 50 (226 .11) 18 ,~55 .89 10 ,787 .00 755 . 00 4 , 587 . 85 244 ,001 .97 �• .. ' • • f • • • • • ' • .. • • •• • • • ~ .- • • , • • .. ' • • • • I • \ • • ' • • • , ' • I • • ' • • �cr· T•r ci! COLL?GE OF F31..TtJCKY st~tement of Rxnens e Opera ting Fund Novem r JO , 1957 bP Gencr~l ~dninictrAtion - · - Pr esi'lent•-s Office :Business C'ffice Tre~~urer 1 s C'~fice De? n of Ff' cul ty Bor- r e of r:1rus tees l ~t1dent r vic~s - - -- ce---- c ~e~ictrar l C fice DP.Pn of Stud~nt 1 ~ o~fice De r of 'lor· en Is (' -f "ice fiePl th cervic e ~tudent "ctivitiec Voc ~ti r na 1 Guid2nce :1-1.s S e rv j c e 0 4 ,865 .17 1 ,2"1 18 2 ,00').1 19 1 ,707 .84 1 .86 . -- -- ---- , I 1°6 •28 o27 . 51 l ,254.86 1,r~o.16 2 , 000.00 1,710.12 _ _ 692 11 9 ,040 .72 L~, L~lO . 43 Staff Benefits - --- - General Instttutione l ~xnense Gen.eral Alumni Off i c e Public Helations Communicc3 ti ons Fublicity Office rtu<lent Promotion & ~dmissions Inftructionnl Exn ense Jer rtmeut a l & Gene r al Ii brary Oner' ti ons & I,aintena nc e • - Auxiliary En ter1)ri ses 1ies id enc e He 11--\ omen LCPidence Hall--Wiseman Residenc e Hr ll--Mc~eynolds nesidence Hall--Breck Cent r eville Bookstore Intercolleg i a te Athleti c s St1.1den t oi id Annui tie~ Tatel ~y~end iturc3 G~in Pt 1iL1Q)..52_ : ,557.16 5 ,765.JO 2,150 10 :r,291 . 1e · J61 . J9..> 6,405 . 87 19 , 531 .20 5.3,405.93 5,162 . 92 20 ,767 .18 79 ,3.36 .23 4 ,500 . 62 812 .39 i:;02 - .04 3 , 525 . 17 1 ,1118.32 17 ,794 .60 _--'o__.,_2?..Z., 16 37 ,780 .10 J2 , OL L .oo 5 625 .00 194 ,620 .62 _ _ 4q.:......1t!l •1 'i _ 241-r , 001 . 97 �.... • • ' I . •• • \ •• • • .. • .. • • • • • • I • • • • • �Office of the President Centre College of Kentucky Danville, Kentucky December 10, 1957 To the Executive Committee I am pleased that we will have the occa.sion on Saturday to begin to examine more specifically some of t he questions which call for our attention in guiding the a f i'ai.1.. . s of the College . I have at this stage no clear ~ecomroendations to place before you . I do, however, urgently require your judgment and counsel on several major matters . Among the topics which I propose to raise are the following: Tuition charges Room and board services and rates Scholarships policies and appropriations Student housing Fraternities Women's residences - space need Men's dormitory furnishing Faculty housing Business office staffing Social regulations and student life Vinson Fund I hope we may ha.v e the opportunity to discuss all these matters, and others which you may wish to advance . As reference material, I enclose a brief memorandum prepared by Mr. Gordon Freese , my former associate at Stephens, who briefly surveyed Centx·e 's business organization in October, at our invitation . Because we may well want to continue our discussions beyond lunch, I am arranging for us to have our noon meal on the campus . Sincerely yours, Thomas A. Spragens �• �186 October 31, 1957 MEMORANDlJM TO: Thomas A. Sp:r·agens FR0f'1: Gordon P. F.reese Subject : Survey-Inspection of Centre College General Operating Policy 1. Th~ b,idget is inadequate to maintain and operate the College a~ a level where it can compete with the better colleges of tho country . An adequate budget shouJd be built from higher fees and a larger enrollment . 2. Nun:(.!'"\t'!S persons fear thnt Centr·e will p1·ice it.self out of the regional mar·ket., since it is already more expensive than ot:1er· Kentucky schools . 3. Centre need not have these fears . It should compete in a wide1-- educatio11al market o.ncl have a richer offering than local competing institutions . Its educational mission to needy st'lldents of the region can be continued through judicious use of scholarships and work opportunities . 4. Mr . Frazer suggests that from his observation, most of Cent re's students come from frunilies with incomes ranging from $8 , 000 to $18,000 . Il' tl1is is true, certainly these families have the financial capacity to pay a higher fee . A very large proportion of Stephens students come from families wi tli similar incomes . 5. To attract more students at higher fees Centre must spend mo1·e money to enricri 1 ts educational offerings , to publicize its program, to offer a better sta11dard of housing and feeding, to maintain its plant properly , and to make plant inp1~oveme11ts -- rehabili tn.tion of present structures , r eplacement of equipment and erection of 11ew faci.li ties. 6. Centre's b11dget for 19?7- 58 ( see appendix No. 1) appears to be balanced with a slight surplus suggested . However, the budget is so restricted that it of'fe1·s no latitude for launching new endeavors to sti·engthen tl1e College , for physical rehabilitation, for hiring additional staff needed in some a r eas , or for meeti11g unforseen emerge11cies such ns plant breakdov1ns. �,. .. • • • .I • • .. • ► ,I • • • • • .. :., • .., • • • • • • .. , . • •• • • • • ... . ' • • • I • • • • • • •• • .' • �- 2- 7. Net ope r ating results , before absorbing Farris Fund l os ses have bee n: 19s4- 55 c.cfi c: t $ 6)966 ~.9 )5- 56 d~fi cit 1956.ft 57 dP fici t. 12,558 7,256 4,800 1957- 58 est . surplus This ~0r8cas-t:. for 1957- 58 does not , I feel sure, talte full acco, 1:-1~ of P.xpenses necessarily a1·ising out of y0ur coming or o~ 9.-:'JY forward steps which you must take in the next fe; mont:1s. 8. S·tep:; £hnU:d be taJ:':)n :promptly to e ffect, possi:>]G savings in a,~, ..~ri~. a::-eac. :Ln :i.958 .. 59 . A few of these are: a) ·i~lle R.l:toux:t. o~ F. chnlarship aid financed " - . I!'O'lll P,E-!l(!l.'8,.' J.ncom::.. of -r-:l'= CollegP . Fu1'tht1r no-t;e~ r. ... -~ ~-, () " s c', -, 1· ~'"' .t' '~ C ··' ,_ 1· ·1c 1 U.1...:.. I l 1 a t e r . .. f Jdt'C'·' 1 L. b) ,. --- . - .... ,I, - ·- -.L· 1 1 ,.:i,..., .:i ; Pl2-.ce ----he 0i'<?r-::1,+j_nn 0 f fra-terni ty houses on at lea.st a "b1•,;e.k••P.Vt.~:1" ba..;i s, after cornpu~in:2; alJ cristc of opera-:,ion. ( s,~e a:ope!1d.ix. No, 4 for ~re Gf.n-c. r8su l ~s . ) c) Increase th-; voli.l"•J~ of 1'uciness and net P.a1·ni!lgs of the college et.0rl'.'::s anci tParooms . If overhead costs were to be corr..- 1t:tecl, these probably a1'e losing raoney. They could be va~uable sources of revenue~ d) :Further restrict, the 1·efund policies in order to retain fees to which the college is ccrtajnly entitled . (See appendix No . 3. ) e) Examine the fulJ. picture of athletic revenues and expenses . Amon6 tl1e items for study are expenditures from the Farris Fund, which exceed the Fund's income . These deficits ultimately accrue to the General Fund . f) If an analysis were prepared of the cost of feeding students which included amounts for insu1~ance, equipment replacement, ordinary maintenance and i'urnishing of dining rooms , administrative overhead , and depreciation , it would probably show tl1at the charge for board is insufficient . g) At least one- half of the College's insurance is carried with stock companies through agents . A 25 percent dividend credit should be obta.inabJ.e by insuring through a direct - writing mutual f'irm . Fu.rther worthwhile savings should be possible by obtaining a $5000 deductible clause, that is , self- insuring for the first $5u00 of any loss . �I • • ' ... • , • • • .' I I • • r r t • • I .. , • .. • I : ~ • • • ... •. . • .,. • . • ' • y • • •• .. '. ~ • ' ~ .. I .J • r .. ., ' • I ' • • • I • , "( • • • • ' - ~ •• • • I t ' :J ' , : C' '· - f I •• 1 , .J • I' , • , •• • 1 • • I• • • • • ... f .. r • • ~. • I t , • .r , ., ' .. ' • ( I • -< •• ~ .,, • I,, .• ) •• • ••• r , .. • t • , • .. ... •• ' I •:'I ~ •• .. ) .• •• •• • • • •l ·" •• • • , ' • , '. • I ' • • . I• r • • ' s • '-4 I •• • • , • • •• ) • • I I • , I I I • l ..• J • • • • • • �- 3h) 9. Obviously, the Colleges fire insurance rates must be very high b~cause of the poor risks involved in the old buildings . Explorat.i0n shottld be maoe of the costs of sprinkler installa~i')ns and. ot.ll")T alt e:r·r..ti()ns which would reduce rates . While 1..hc i:n::_~1~ ver1r,:1t'. .s i,.T()t l l d. c, ,st far mo,...e than the insurance sav,, : in,.,s i! c •.,., i ,·~. l -,:.11-: r ~.2rom) "they would protec~ t.hc College better . fro~ t~~ gr ~at ri s ks of a major fire . The amount of insurance ca1·.riF·G.. f> bould he stttd.iecl . After calculati:.--1g depreciation az1i1. s1 v•iyicg the sound insurable values, y0u m.1.ght. decide to l o-;J(;:.:r t ~ ~ 0 v ~ragz. Actually, there is a surprising a.mount 1.E. o C J.a+ ..:,;.J e offe.red to the insured by carriex·s, rin~lTJ thstand,: ir1g CC" -insur ar..ce requirements r The insurance echedule is at,·~e..c11c d as Ap~1endix No. 5. vlithou·c ("\pt. n.=-t \::ii·Ly !'or investigation, the combined ch3.rges for in·.rc sTrnc r ➔ \.""(,,11-1se ling and custody of securities appe ars r1igh . StephenL 1.:'~.c'--··;~d a substantial savings by having one bank perform b oth of th<.'8€ f unctions, while still retainine., a hi&h quality of inve stment E~ rJcc . �• ' • • �-4Operation of the Business Office 1. The Business Office has probably been understaffed in the past . On the other hand, William Woods Coll ege has had a commendable business office operation with no more staff. An outlay of about $2000 for a business machine , revision of several procedures, a revised offi ce layout and reassignment of functions within the office will relieve some of the present overload . 2. The business manager, probably of necessity, has burdened himself with routine tasks of record-keeping. Arrangements must be worked out promptly to free the business officer from such confining routines . As an interim measure, the auditing firm might be called upon to perform on a service basis such work as accounting for endowment funds. �• • • • ' • • • • • ~ • • • • { • ' ,• • • • • \ •• - i .. • • • • • • • .- • • • I ~ :• ~ · ... , �- 5Budgeting and Accounting 1. From quick observation it appears that the Business Office maintains quite satisfactory accounting and budge ting re cords . Using these, adequate budget and financial reportinis p1'ocedu1·es can be established easily . 2. Some of the procedural deficiencies which can be easily corrected are: a) Budgets should be p L'epared by and channeled through all persons 1 ·esponsible for executing them. When approved, all persons responsible should be informed of their allocations. For example, the Dean of Faculty does not now participate in the budget proce ss and is not inf'ormed of approved budgets . b) M ontnly reports of budget allotment accounts should be made to the president and to the other persons responsible for observing them . c) The budget authority of the chief business officer should be made clear . �• • • • • • I• • ., • .' • • .. • ~ • .• ' •• • • , : ... I . • • • • • •I •• I I .. •• • .. • . \ .. • . .. • .. • •• ,. ' . .. I .' . �- 6Physical Plant Operations 1. Within the limits allowed by an inadequat e budget the pl1ysical plant has been cru:·efully and compete~tly attended . 2. However , the funds allocated for materials , labor and equipment have been so meager that deferred maintenance and the need for mode1·ni zation is evident at a.J most every turn within the building . Fortunately , the basic str·uctures a1·e well built and e xternall y do not show adverse effects, other than 1·oofs and trim. 3. To renovate and overhaul buildings it will be necessary to augment the sma.J 1 staf'f or craftsmen ( see appendix No . 6 for present staff'ing) . Moreover , the physical plant budget sl1ould be increased fr·om 50 to 100 percent to permit the purchase of materials, equipment , and furnishings needed to overcome obsolescence and de terioration . 4. The purchase of plant supplies and materials has been on sucr1 a hand-to- hand basis that the College l1as not taken advantage of the opportunities to buy government surplus i terns at pi·ices of from one to five cents on the dollar. 5. S~rings and mattresses used in the men's residence halls are unbelievably poor and should be promptly replaced . Lighting throughout most of the buildings is inadequate or unpleasant. In classrooms, tatte1·ed shades , poor blackboards and antiquated chairs make a poor appearance . Green paint has been used a.J most as a standard color for building interiors. 6. Proper staffing of plant operations is hampered by a low wage scale . Janitors are paid about $. 75 hourly o.nd cr aftsmen about $1.25 hourly . Curiously, according to reports, extra temporary painters are paid more per hot1r than regula1 staff painte1·s . 7. The working relationsl1ips of maids end janitors should be studied. There is no echelon of foremen under the Buildings and Grounds superintendent . Janitors and maids reportedly are directly responsible to house mothers of dormitories, although they are hired and fired by the Buildin sand Grounds department . • �. • • ,.. ,... I •' •• I ' .i f ' • • • . • • • I l I• I • ·c. • • \ \ ... .' • .• • • ' •l • • ,. ., • .),.. • • ' • • ,. •• I • ~ ., (4 •') • ~ • . • • \ ) • I• ~ i .. ,. • f .. • .. • •l •• •• . • • • "'" I: .., .. . • . r ' • • • ... • • \ ••• • ' • ' - ' ' \ • ' • •• • \ j I I l • t. .. •• I• .• • .. ' • \ .. r• ' L • • I • • • • • ., .. ( ' • r • • • 1 ., , .. • • .. •• • ..,. " ... •• .. .. • • • ·' . • • ~- . { ••• \ \ .i • . • ., \ I • I • I .... ' •• • I ) • • • I I• • • • • �-7Food Service 1. The Slater Food Service is performing an acceptable job, working as they are under the serious limitations of cramped kitchens, obsolete and malfunctioning equipment, a budget which forces them to pay excessively low wages , and dining rooms which are too small to be economically operated. 2. Contract feeding of students usually involves compromises . Standards of service, cleanliness, dining room decorum and personnel policies are frequently subordinated to the prime mission of serving liberal quantities of the foods most desired by the students . These compromises are evident at Centre . 3, Equipment outlays for the kitchens certainly should be made in the neai· futw-e . Present equipment limits the potential quality and variety of cooking. In addition, the cl1ina and silver supplies should be replenished in order to have enough to complete service for one meal. Added utensils are also needed. 4. Ordinar~y kitchen labor receives $. 50 per hour and works a 60-hour week. The head cook receives $. 60 an hour and works 60 hours also . Obviously both rates are too low to hope for a stable labor force, and the spread between ordinary help and cook is too smeJl to hold a good cook . 5. The dining standarus at the men's hall are lower than in a military mess hall . It is sheer feeding. If, as is mentioned elsewhere in this report, scholarships were curtailed somewhat and true jobs established in their stead, the College could establish table service for the men with at least a minimum of dignity, using a corps of dir1ing 1·oom waiters under a student head waiter. �• .•. • • (' • ) ' .• . . . .. • ' • " ' . • .I - • • l •• .. I I._, - •• • • • • .. • • - • • • -.. ( • •\.. \ I ' • • I l, \ -~ . • • .\ ~ -· • # : .:, • ' .• •• I. \ .. \ ., . ' . • .. .. • • • t ' - • • • • \ . . I # ' • .1·.•.l •• .·' ., l.. . • •• • l • ... ' , .. ., • • • .. • . .... ,l •• •• .. • • \ .•' • I ... ,.• • • I • •• • .... • • • ,:_, • •I • I• (; • • • .. \• ' • • \.. . . t' • .. • ~ .., ' "' .. ' • • ' ·• • \ -\ • .. .. , .' '· ... 0. • • .. r. ',..,, I ., \ \' ' r·" • ,, • •• • ... •• r '·\ •< . .... .. . I I \ • 1 .... ..• '....., • .. ' '. ' . '- • I' •. \ • I • • i ' J \.. • ('' • • • -· j - {, '. ' .. .• . .....,. . • .• • • r- • ,w ,. •• • .J, ~ - • •• • • .. .. I,.-' \ -~ .. I I ., \, ·:J l •• ,. .. .l • . • I • \ • I .. • • • - • ·"' ..· -• ', • •. .. J, r • I I • • \ •• I • "\ • \ ... • • •• ., • \• • ., .. ~ I, • I •• .' . . .. " �- 8Scholarships 1. Student aid expenses in 1957- 58 are budgeted for $67,000. Income designated to finance student aid totals only $26, 000. Thus $41, 000 of general revenue is used for scholarships. The wisdom of this outlay should be studied . Time did not permit t he investigation of schola1·ship award procedures, but it appears that al11mni of the College participate in the award of' scholarships , not simply f1•om funds which they raise, but from gene1·nl College income as well . 2. Scholarship recipients are obligated to perform work in consideration of their awards . However , it is a different contractual r·elationship than that of student employment. Consideration should be given to placing more student aid on a defined employment re l ationship basis . �• .. • .. :-• .. •• . ,. .. •• • ..... -.... •• .J:;. . • I • .. \ l '1 • I • • ') • • • \ - • • 'l •• .• .. "\ ' • . . ...r ~ • . !.I . ., . •' • • • • ' • . ,• \ ,. I • • - t ' ' •• ,.. '. ~ . • ., t ' •• ' 'l •• .... t •• .I '• • f ..- .. • .' ... ., • • ·~ ' • ... • I ~ .. ..., . , • \J .. • • • ' . ... " • .• •• \ .. r - • •• !J.. I .. • I .. • • ".. ' r • ' I .., I '• ) �- 9Master Plo.nning 1. Plenty of space is available for additional buildings on the Centre m~n•s campus . 2. The KCW buildings, unless used fo1· a separate proesram for women during one or more years of the 4- year program, are a detriment to the development of a wel l integrated campus community . If not used for such a separate program, they should, in the long run, be abandoned. 3. Perhaps the KCW buildings could be sold or transferred to some other organization to be used as a home f'or aged persons, childr~n, or handicapped, or perhaps as an administrative and conference headquarters . 4. If the KCW buildings were abandoned, the relation of the Weisiger building to the main campus presents a problem.. Ifowever, it is used for the teaching of subjects for vrbich relatively small numbers of students ar·e enrolled. This building could conceivable be left in isolation from tl1e future main campus without too much difficulty. 5. Steiger , Building and Grounds s1.lperintendent has a drawing of a master plan dor1e some years ago which embodies some good ideas - and some bad ones . Mr . 6. The following notes relate to Mr . Frazer's memorandum on expar1sion of physical plru1t capacity: a) It wouJ_d seem doubtful wisdom to make oddi tions or improvements to the KCW campus for the reasons stated above . The wisdom of makir1g inprovements to Old Main requi1·es study . If the building shell is structurally sound and sentiment is strong enough to be manifested in gifts , the interior might be completely rebuilt, as Antioch is about to do with its original building . c) The convei·sion of attic space to student housing does not seem wise . d) The construction of married student housing seems unwnrranted and expensive in relation to tl1e be.sic mission of tl1e College . �" • • • • • l ' • • •. . I ., \ ' .. •• .. . •• : • • j • • • • • • • f • •) .. .' ' .• • . f • - •• • • • . • ,\ -· • I \ \ \ • .. •• • \ • I •• .. • . . ~ . •:, • • •• • ., ,: V •1 • .. • ,' ' , ~ • ) '....•, • •• ("\, \ • . I • J ) • • • • • \ • • ,. 1 •• • • '• �-10- e) A student union by itself seems a luxury for w hich Cent re is not ready. If i t could be an integral or related part of a women's dormitory, it would serve many of the same purposes without having so m uch of the unproductive space characteristic of • a union . f) An g) Mr. Frazer l.as made worthwhile suggestions on rehabili- alternative wo1.1ld be the development of a union such as Antioch hus just built . It houses their central food service and other essential functions . In addition, it includes a commercial gues t house and restaurant . te.tion of Old Centre , tl1e men I s dining room and improve ments to o·ther more mode1~n buildings . h) There is considerable space r·elo.ti vely little used in the gymnasium basement . It m.1ght be possible to locate the Buildings and Grounds shops and warehouse t here to give them a more central l ocation t l1an they now have . i) To stimulate t rus tee thinking about campus development, I would suggest taking them to Denison Unive rsity, and Antioch. Denison is tl1e more beautiful and better maintained . Antioch's union , library, Saarimen-designed dormitory, its rebuilt dormitory (following the fire ) , and its plan to rebuild the original building - all would be of interest to you1· trustees • . �.. • , ,. l• • •• 1 ..... ....' I • • • • ' • .. .. • - ' • .. •I .• • ., • • .. • - . • • • .... I• • • , . I • • • I • • \ . I• .... • , �Appendix 2 Actual. Budgeted Expenditures 1956-1957 (Thousands of dollars) Actual Budget Administration President's Office Business Office Treasurer Dean of Faculty Registrar Dean of Students Dean of Women Admission & Promotion Gener·al Board 21 13 6 6 18 13 6 6 7 5 3 5 4 5 21 15 14 -o- - o- 196 15 81 12 196 16 17 15 2 1 3 2 11 11 7 5 7 3 7 20 Instruction Instructional Expense Library Operation and Maintenance Endowment Real Estate 78 14 Auxiliar:,r Enterprises Residence - Women Residence - Wiseman Residence - McRey. Residence Breck Centreville ( Otl1e.cs on net basis) Other Non-Educational Expense Vocational Guidance Public Relations Alumni Student A~tivities Health Service Athletic Scholarships Bus Service Housemothers - fraternities Centrnl Sto re Wiseman Annuity 18 4 4 16 4 4 70 16 ·71 3 3 17 2 2 1 1 2 3 560 Total Def'icit 2 8 �, •• ... • . - • • ., ...... • • ( .... - .. l ... • •• \. " \. I• '. , , •• I .. ... \ \ . •. • ' ' • ' • • I • , ' . • . .' ' •• l • • - -• , ' • . I • • . I •• ••• \ • I .. .. - • •• ' • . ( I • ) • I \ • • • ' •• .,. J • \ I • • • • • • �Appendix 4 Income and Expense of Fraternity Houses and Other Propert y Incon1e Expense ( a) DK E 2000 1758 Chi 1400 2198 (b) Book Value (c) S 1,000 12 , 000 Hillcrest 1560 750 35 , 000 Blru to11 2202 1195 21,000 Mc Goodwin 960 475 (acquired with - o- KCW) Steiger 420 200 - o- Beta 2400 (40,000) books until recently l~,000 2603(b) SAE 2000 1755 Phi Tau 1600 235,; (b) Evans ? • ? (gif't--not on 12 , 000 28,000 133 , 000 a) Does not include insurance, deprecintion, annual maintenance charge or inte1·est on investment . b) Includes College's portion of housemothers' salaries . c) Book value recorded in endowment acco1.mts of College's portion of ownership . �• .. r ' .. --· • • •• • ., • �Buildings and G:rotmds St aff 1 Carpente:r· 2 Pointers and utility men , plus 3 extras in st1rnrner 2 Groundsmen 1 Electrician and gene1~a1 ass i stant t o superint endent @ $1 . 65 4 Maids - Men's campus 5 Ma.ids - KCW ( app1~oximately 48 weelts employment) 5 !-ioids - F.caterni ty houses ( owned and ope.cated by College) 7 Janitors - Firemen - Men's 1+ Janit ors - Flremen - KCW 2 Boiler Firemen - Groundsmen - KCW 2 liight w--.tchmen 1 Jani to.c- Fireman - Fr·aterni ty Houses ( al so grounds work) 1 Bus - Truck driver 37 �• .. . ,. .. .. • ' • I �MINUTES I EXECUTIVE COMMITTEE MEETING Janu.ary 18 , 19J8 The meeting was called to order by the Chairman . Prese11t were : Chai rman Lanie1· , Sutcli ffe, L. Caldwell, Gos ney, Annst~ong, W P. Caldwell , Campbell , Live l y and President Spragens . . The meeting was opened with prayer by Dr . Gosney. 1 . 1µ The min11tes of the ri1eeting of t11e .:Sxecut::..ve Committee on Decembe1· fie , 1957 , were approved as dist.r ibuted. 2. Mr . Arnicar made a report of the condition of the operating funds of the Collec;;e as of December 31 , 19J7 . This repo1·t was received and filed wi tl1 the minutes , and a copy is enclosed . 3. Mr. Spragens reported that pursuant to the action of the Executive Committee on December 2 ") , 19; 7, the ttli tion charge for 1958- 59 had been set at $750, an increase of $150 , and that room rents and board charges were e ar::h being increased by $50. IIe dist1·ibuted a news reJ.e ase f or· January 22, 1958 , conce1•ning these increases in fees by t he Collee.,e . 4. Mr . Spragens reported that the Colleee has received a check fo 1 $18 , 719 . 00 from the Board of' Ch_·istian Edtico.tion of the Presb:yte rian Churrh in the U. S. A. lie also reported that he had met with Dr . Fay Campbell of the U. S . A. Board of Cl1ristian Educatio11 , and with Dr. Hunte1· Blakely of the ·J . S. Board oi Education, and that he is planning to meet with the chairmen of tr1e two Synods ' C rnmi ttees on Higher Education i n Louisville on January 22 . The purpose of this meeting is to discuss a f12.rther clarification of the relationships between Centre and the Synods to seek means of making this 1·elationship more meaningful to all concerned . 5. Follcwing a discussion of the status of the Centre rul e permitting retirement of faculty members at age sixty- five,it was moved, seconded and unanimously car1·ied that the President be authorized to continue individual faculty members beyond tl1e age of sixty- f ive on a year to year basis in his discretion and solely on the init iative of the College . 6. Mr. Spragens repo1·ted that a student cornmi ttee has been working seriously on the "drinking problem" at Centre . The student committee was invited to lunch with the Executive Committee and a discussion of the problem and the various approacl1es was had at that time. The Executive Committee endorsed the manner in which the Pr esident has been handling this problem and expressed its belief that a satisfact ory solution will be forthcoming and that the students will feel a new sense of 1·esponsibility as the result of the pr·ocedure being followed . It was moved , seconded and carried that Mr . Spragens be author·ized to explore the possibility of converting tl1e Boyle-Humphrey Gymnasium into a student center . It was understood that a student committee will be asked to consult wlth the administ1·ation in this matter. 7, 8. It was moved, seconded and unanimously carried tha.t t he �\ .. ., • • • ,.. • , .. • •• ' ... • •I I , \ • • • • • , . .. • •• I • \ • • • • • • l •. • .. t .. • • I • • ~ '• • • • .• • • • . • • • • •• . .••. . .• • ~ • •, • - ., • • f • • .. - ...,. •• ' \ ... . •• ~ ,I • .. • ,· ' •• •I • • .. j • J • •• , ' .; ) . • • . . • • I • .. • ., • ... •, .. ••• . ' •• • .. •' • ., • '. • • • ~ ., '· t •. \ I • ' • • .. I •l • .. • I • • .. • ••• . • • ' • • �President, in consultation with the Chairman of the Board and the Treas urer of tl1e Collebe , be alltho_·i ied to Rurchase the J?ropert J, owned by M . and Mrs . Norris Armstron~ on Main St reet adjoining the College .2 prope~ty. Mr . Armstrong excused himself from the meeting during the disc ..lssion and tl1e vote on this motion . The~e bein0 no furthe~ business to com before the e meeting, on motion it was adjourned . Respectfully submitted Pierce Lively Seci·etary -2- �.... • �2 11 Cl~' T,.~ CCI,--.:,G~ OF \~i:r:rr!'UCiry ~heet St t er-ent-Cner "' t - Bo l a11c j l1,,. 0 Fund .ASSETS - -- .. -- Curr e r t Fun " s C ~ (" h .: n :B"' n.'t P t~y Cash Ft1.nd ll , 00? .94 1 , 000 . 00 0 No t ~s Receiv~ble li-'3n ~ r--> 1 Fund Iichter Len Fund Accounts iecPivable ;87 .,5 50c .oo ? ,305 . 89 Due f rom othe r Funds : From , ans - Sur r 11 Sch . Ft d 86 . 00 12 ,878 . 45 :tron J" rris 1·und 12 I 0611 ✓ • il< ../ 10 ,631.07 16 ,723 . 48 Inv e11tori1; Pre~~id Innurance 12° .ro 82 ,711.76 j - .I~ .BILI-- ··. - TI~ 397 .33 Account~ P~·Jl" le _Accrued S-:ll"ries & 1 ' l8 ,9Li7 . 02 ges 5,938 .96 00 Fe er~l T--·xes ·1ithheld Pre~~id 3o~rd Ch r~~G S""l"ry S')vin ·n 1 /"tlmeld I'ospit?lizat on I ns11r·nce Soci:i l Sccuri ty i',., ..-eG fit11he ld St te T xec ~/i thhel - 1:6 . 88 296 .22 901 . 52 1,577.Jl 58 , S00 . 00 :Porrc\'JP.d l onoy Th.le other Fund s Due to Prize Fund uue to DK; Hou~e Fund J , ...'2 1~. 05 76 .63 P1.. e:p irl Ch,.,rges ! Pr p id r,fen l Tickct ... --l!en Pr ) id Bo~ro Oh~rceo- iomcn 1'esArve 1;ir-cellr-1ne us R ~e r r.h Pro r~m G· ts fo r D i ·n t 12.840.05 588 .93 7 ,089 . 82 1,~so . 00 Pur""'C CC L chter Foun rt'on-~S u e,nt Lon Surnlus- Jeficit ccount: ccumttl tAd Onera. t · n Def· cit O~er Ginu o~in to December Jl , 1957 A 9 ,53J. 75 und ~ .02 8 .75 .5 ~ .;...;...... o oo __ 122 ' Lr • lt-7 78 ,087 . 85 18 . 571 .14 .:9..J ~.l~ · 71 82 ,731 . 76 �' • • • .. ,. • • • • ., • • ... , ... , • • I , • • • • • • ' • • • • • • • • • • t .. ' l �212 C:-' ~~r 0. i I & f' -~ tu ----t -·Aes - - ei 0t io n F(;\e 'l'u -r~ DtJC - --- COIT,..,,... .,.., c- ~-,N1rt.JCi~Y St,. t ., en t o "!' I \~ c c me O110r· t j ng 'Vund ~\.1..-, I CC :l ---- i.. - --- -- 132 , L121 .. ?_5 _ _ l_? E.J- Q. 1_, O '"' ,._ 1er FPes End.0 •/Jl n t--I n c ome ·r11" lloc" t ~ 1 Endr- lllent .G'") rn n,,. Jc· 1 E~t--te Incorne--Unr stric.,'" d Rest1 ict d J.lc L - Pl n t ----- -- - 1 Gif t ~ ·n~ G~ nts --Cl1urch :o rd ~ nd Chu -.rl1, r- ·-Ti v · n ~~rdo\•rr,ent ( iltr.) o"'"'le c i · 1 Gi f t Fune! f. l 11m r- i 1i und · ~ c c"' t i o r 1 G 1 id nc c 0-"' " n t s - -1, e s e r c 11 , e t c . -- ----- · !) 25 , 2°0 . Ol 2 ,L• o4 .J? J. O, 272 .14 ? . ~~ 0 . 04 5, 75 . 00 Li , ()0 Q() I') } 8J I I I'") I • 3 , r~l .OJ .f..i ~ ,. 0 • ('£. OthP.r Sourc s - --· ... A1.1.:· i l i ry Ent e rnr i ,.. J.!esid n e Ha 1--- 1 /omen ltBf!i enc~ iIAll-- 1•/ic:eri'"'n Re r idenc Hnll- -· cilrynol R irl~nce I!'"' 11- - i3r c 1 entrv,ri lle Jin in · H? 11 -- . e 11 ( , et ) u · ning iir1 ll- - 1 0'"'len (i,. t) T ., ,. I o om ( ~ ., t ) Co f e r;hon ( l: t) ".Lo !er. tore Int 1colle i te 0 t letics 1 1'3 ,0°" . 07 ? , 5ti5 ., ()0 l , fi?2 . 02 7, 44 .25 2 ,1'60.]7 48J .J2 l , l}OO. 58 1,~. 32 5, · 7L• ) 10 ,314.67 ( -i 10 , 92 5_:_:'lQ Gtuden t P. i d 1-ifts ...:.,i,do,nn en t Tot .-.1 I ·1come 3 , c,05 .on 6 ,708.h l �.. • • • ... • • • • • ' .. • • • �, ... c,.:.,TT?.E ccr L~G~ or t....'F'r~t1cra St"t~M~nt of Exp~nse 0:1er"t ing Fund Gcn~ral Ad.r:1ini~tr"tion Pr"~ident 1 ~ Off ice Business Of-rir c Trer surer 1 s Off ice Dea n of EAc1tlty Board of Tr ust ee s Decer1ber Jl , 1957 7,842 . 44 4 , u48 . 92 2 ,277 . 47 2 ,335 .16 _ _ 6l. 8.2 Stude nt Services RegistrPr ' s Office D an of Student ' s Of~ic c De ., n of \•romen 1 s Of ice Heal th Sr rvi ce Student Activities Voc " tiona l GuidDncc .Bus Service • Staff Benefits ·----,;. . ., .,;.......... Gen er a l Instituti onel Ex~en~e ener 'll --- --- -- 1 ,849 .37 1 ,20? .25 1 ,74t; _u5 1 ,210 . 5? 2 ,500 .00 2 , 2t;8 . 2J1, 891~ 1 L ,697 . 18 .5 ,889 .24 ~ Alumni C f ic e Fuclic Ilel?tj_ons Communication~ Pllbli c ity 0:ficc Student Promoti on & Admis sions __ . Instructional EAnensc _ . ·-De9a rtm enta l & Gene r a l I ibrAry O·,er a ti ons & 11aint ennnce Auxili~ry Ent c rnri ses - al Residence H ls- 'iome n Re sidence He.11 , /is eman Residence IIalls, I:cReynold~ R sinence Halls , Br eck Centreville :Boo 1cstore Intc rc oll eg j a t e Athl etic s -- ~tudent Aid Jlnnui--- ties ---- - Tota l Ex~enditure o Gain a t Decemb er 31 , 1957 ; ,682 .J/5 ( ,680 .73 ? ,737.22 1.695 .57 516 .72 8 ,116 . 56 23 ,629 . 16 69 ,663 .50 6 ,590 . 01 27 .05 5.55 10J ,J09 .06 6 ,028 .65 99: -98 6- 1 .77 L1 ,26) . 26 2 , l 71 .5l~ 18 ,286 .05 10, 00J. 40 42 ,382 .65 33 ,61}5 .00 . _1_,2.5_ 00 9. 2J8 ,770 . 14 _J~..j.2_1_,. 14 277 , 341 . 28 �• • • I • • I • • • • • • • • • • • • • • I �, . • January 22 , l958 Memorandum to Members of the Board of Tl~ustees : The list of standing cornmi ttees appointed by M~· . Lanier , which was mailed to you several weeks a&o , erroneously stated that these committees vrere appointed for 1958-19'.)9 . These committees are to serve for the current yea1' , 19t,7-1958 . Thomas A. Spragens �•• ' �Danville, Kentucky January 4, 1958 M~mbe1s of t~e Board of Trustees Centre College of Kentucky Deru· Friends : At the request of Mr. Lanier, we are sending to you the following list of the various standin6 committees of the Board of Trustees for 1958-19 9: EXECUTIVE COMMITTEE - Lanier, Armstrong, Baker, L. Caldwell, W P. . Caldwell, Campbell , Gosney, Lively,(secretary) Sutcliffe , and Van Winkle. FINANCE COMMI'ITEE BUILDINGS COMMITTEE & L. Caldwell , Baker, Boles, Lanier, lee, Lively and Sutcliffe . GROillIDS ~nkle - Armstrong, W. P. Caldwell, Nevin, Van W and Miss Amelia Yerkes BUDGET COMMITTEE - Wachs, Armstrong, Blazer , L. Caldwell and Lanier . COMMIT'I·EE Otr FRATER~lITIES - Van Winkle, Armstrong and L. Caldwell . CO.Ml'1ITTEE ON ATHLETICS - .kcmstrong, Campbell , Van Antwerp and Van Winkle. C0~1ITTEE ON HO~JORARY DEGREES - Van Antwerp, Benfield , and Miss J\lliet Poynter . COMMITTEE ON NEW TRUSTEES - Lanier, Baker and Benfield. The fi1·st named in each instance is the chairman . Since1·ely , ( ;!.£,;uu ,L/ c l:fl 5f ~ 1 Thomas A. S~ragens · (I �• • • I • • •• .. ' • • - J. • • • • • I • ,. .. .' •• • ' I •• • ' ' ...• • • .. . • • • .. • • ' I •• •• • ' • • • .. • • .. •. •• ; - • • ··-· - . • ' - • . . • .. '• •• • • •• ' • ••• -• . I • • ••• • • • .. l •• • .• • .. I ,. '• • •• • .. • • • I . ... • • • • • • • • • J - • • •• • • • • '• I ~ • T • • •• I '\ - i \ • - �• CENTRE COLLEGE OF KENTUCKY DANVILLE, KENTUCKY FICE O F THE PRESIDENT January 20, 1958 To the Parents of all Centre Students: I am writing to inform you in advance of an announcement which we shall be issuing later this week regarding increases in tuition , room and board charges at Centre for next year . Enclosed is a copy of the press release which will go out to t he papers tomorrow. This news release covers the essential facts of the increases and the need for them. But to you, our patrons ,.,e want to reaffirm and emphasize two things . First, these increases are essential if we are to provide the quality of educational opportunity to which Centre is committed . In the face of rapidly rising saJ.ary scales in the better institutions of the country, we cannot allow Centre's faculty to be depleted . Neither can we afford to neglect the provision of residence facilities and student services essential to a wholesome environment for student life . Second, and this I emphasize above all, we will not allow these increased charges to force the withdrawal of any student now at Centre . Every student now receiving aid through scholarship grants and employment will be provided further means of meeting these increased costs through enlarged employment opportunities and aid funds. Similar provisions will also be made for all other students needing assistance in the face of these increased costs . I hope that each of you will feel free to write me personally about this step . If you are unable to meet these increased costs, feel no embarrassn:ent in saying so . We will act in confidence to provide for a full adjustment of the increased burden. I am sure that in thi s difficult but necessary step we will have your understanding and support . Sincerely yours, Thomas A. Spragens �• • • • • • •• •• • •• - • ·.. • • • • ,.. I • • • • • f• • • �CENTRE COLLEGE tJEWS BUREAU DANVILLE, !Gr. 21f Tolo 1900 Exto 13 Bob Ensminger, Dir. CENTRE COLLEGE TO INCREASE TUITION AND FEES IN SEPT. President Spragens also announces plans for college improvements PIEASE DO NOT RF.I,EASE UNTIL ,·;EDNESDAY I\10RNI NG , JANUARY 22 'Danville, Ky or, January 21- Centre College of KentuckN will increase its tuition and fees a total of ~250000 0 effective September, 1958, it was announced here today by Centre's new president, Thomas Ao Spragens, at a student convooationo • President Spracens announced at the same time plans for further increasing :aculty salaries and for improvement to the existing facilities of the college~ W~ny of the dormitories and classrooms are to be refurnished for the coming academic yearo J (}nGrs: s C .,~ui tion will be increa sed from llr600 o00 to d'q,,750000, room rents ~· will ba increased from ~170000 to $ 220000, and board rates will be increased $50o00n The nei.llJ totals for board v, ill be ~360000 a year for men and ~ )430e00 a year for women~ Spragens, in announcing the decision of the Board of Trustees, said that the increased changes v1 er e essential to the maintenance of a strong faculty and a residence program consistent with tho educational standards of the oollege 0 He pointed out that, even ~1th these increases, Centre's fees would be equivalent to, or below, those of comparable Eastern, Midwestern, and Southern Collegeso The increases will mean a maximum charge of t l400 at Centre comp~red with t 2000 at Princeton, f,1625 at Amherst, t\1720 at Kenyon, $1400 at 1r:ooster of Ohio, t,1450 at the University of the South(Sewanee),and ~ vtl430 at ~ Emory University. (More) �• ' ,. • ...- , • ' I • I . • • • • • , • • • • • • ,. ., �117 2 e Centre president said that the incre ased fe es would be c·oupled \~Jith • tional provisions for scholarship assistance and employment opportunities students of limited means. He said that it was the "explicit intention of trustees that no student now enrolled at Centre should be denied the rtunity of continuing college because of the increased charges". e tuition increases will make pos s i ble further improvement in salaries the Centre faculty and the enlargement of the faculty in areas needed to student demand. President Spragens observed that Cen tre 's progress in .improvement of salary scales in recent years had been specifically reo1zed by a merit gr ant from the Ford Foundation t wo years ago. He pointed that growing shortages of fully qualified college teache r s made it 1n)perative that the college take further steps to maintain its strong I ching facultye Among the physic a l improvements planned for the coming year are the re,-.nishing of dormitories on the men ' s ca1npus . !1 Iajor renovations on the 'IJents campus will include the rehabi litation of the s~imming pool I 1ng a nevJ filtration system . Sprat;ens added that the nevi1 rates are also DUessary to an adequate proGram of e,eneral n1aintenan oe of a ll college bllf.ldings: 1 I President Spragens pointed out that "the higher education system of our I 1 oauntry is at the crossroads. The colleces of America must maintain and end their programs in order to meet the educational crisis that 1s facing country. The increased tuition and fees at Centre are a necessary of the college's development program designed to help meet this d." Spragens assumed the presideno:ya-,0~-gentre on November 11 after se rving five years as president of stephenS -college , Columbia, Mo . The Lebanon rs a s assistant to the president of ive had previously served for s i x yea nford University and was the first secretary-treasurer of the Ford \ dation Fund for the AQvancement of Educa t ion . - 30- �I • l • 1 • • • • �.... 21.8 CENTRE COI,IEGE OF KENTUCKY Budget of Income 1957-58 Operating Fund Educational & Gener al Student Fees Tuiti on Other Fees Endowment - Income Unrestri cted - Securities Unrestricted - Real Estate Restricted G fts & Grants i Church Boards & Churches Living Endowment Alumni l'und Vocational Guidonce Gronts - Research, etc . other Sources Auxiliary Enterprises Residence RoJ ls, Women Residence Halls,Wisemnn Residence HaJls,McReynolds Residence Hal J.s, Brecl~ Centreville Dining Hall - Men Dining HaJ l - vlomen Tea Room Coffee Shop Bookstore & Post Office Intercollegiate Athletics Student Aid Gifts Endowment Total Income 253 , 675 . 00 2 , 325 . 00 256,000 . 00 66,000. 00 5,000. 00 31 , 415. 00 102, 415 . oo 41,000 . 00 36,000. 00 17,000 . 00 6,000 . 00 16,700. 00 116,700. 00 5,850 . 00 24,760 . 00 5,355 . 00 3,205. 00 14,325 . 00 6,438. 00 2,362 . 00 3,230 . 00 190 . 00 450 . 00 1,250. 00 12,100. 00 73,665 . 00 10,100 . 00 18,000 . 00 28,100 . 00 582,730. 00 �• • • • • • ••• .... - • • • • • •• - ' •• . • • • • • • •• • • • \ ' ' • -' •r • . • . •·--.·-,. . -· . . • • .. .... .. • ' . • • • • • ,. • • • • , • • 1• • ~ ' • • • • • • • • • • • • ,. . • • , • ' • ' - • " . .L •• • • • - • -· • • �• • 21.9 CENTRE COLLEGE OF KENTUCKY Budget of Expense, 1957-58 Operating Fund General Administration President's O~fice Business O ffice Treasurer·s Office Daan of FacultJr Board of Trustees Student Services Registrar's Office ~an of Students' Office omen 's Office Dean of W Student Pastor Health Service Student Activities V ocational Guidance Bus Service Staff Benefits General Institutional Expense General .AJ.1,Jmni Office Assistant to the President Colilhmnications Publ icity Office Student Promotion & Admissions Instructional E?4?ense Departmental & General Library Operations & Mainte11ance Auxiliary Enterprises Residence Halls, Women Residence Halls, Wiseman Residence Halls, t.1cReynolds Residence Halls, Breck Centreville Booltstore Intercollegiate Athletics Student Aid Annuities Total Expenditures 17,590. 00 13,150. 00 6,440. 00 6,640. 00 100. 00 43,920. 00 5, 095 . 00 3,350 .00 4,815 . 00 4,195. 00 4,225. 00 7,120. 00 2,600. 00 31, 400 . 00 18,745. 00 11,955. 00 16,580. 00 8,925 . 00 4,020. 00 1,525. 00 18,300. 00 61,305 . 00 211,092 . 00 16,995 . 00 81,952. 00 310,039 . 00 16,191. 00 2,940. 00 1, 923. 00 9, 973. 00 5,500. 00 15,222. 00 51,749. 00 67,000. 00 2,500. 00 586,658. 00 �• •• I • .. • ,, • • • • • • \ • , • •• - • • • ., \ ' - • • • • • • • • .. • • .. • • • ' • - • • i • l • - • • • ' • . \. •) • • •• t ' • I , .• - ... • • • '\ • , • I • • , .-. ' • ·- ... •• , .' • • • , - • J I • • • • .. .. .. • ·-· • • .• • • • .. , • • • • • t • • - • , • • • J • • • • .' '• • • • , • • .. • • • .• • • ... I ., • • • • • • • • • • • p • .. • '• • • •• • • • • • • •• ~ • .. • • .• I , .. • • • • I - -.. •• • • • -· • • , • ' • • • ... • �.. 4 2 2() MINUTES OF THE EXECUTIVE COMMITTEE MEETING OF MARCH 15, 1958 Present were: Chairman Lanier, Logan Caldwell, W P. Caldwell , . Don Campbell , Pierce Lively, and President Spragens . The minutes of the meeting of Januar·y 18 were approved as circulated and the reading thereof waived . Mr . Arnicar presented the Business Manager's report as of February 28, 1958 , ( Copy attached . ) H 11s0 reported to the Cammi ttee that. he is of the e opinion that the College wi l l operate within its budge t for this fiscal year . On re commendation of Mr . Arnicar, the following two resolutions concerning the borrowing of money were unanimously adopted : A. "That the Business Manager of Centre College of Kentu~ky be authorized to borrow from the Citizens National Bank of Danville for operating purposes up to the sum of $23, JOO.OO. This authorization is to expire September 15, 19, 8 • B. II "That the Business Manager of Centre College of Kentucky be authorized to borrow from the Farmers National Bank of Danville for operating purposes up to the sum of $50 , 000. 00 . This authorization is to expire September 15 , 1958 ." Mr . W P. Caldwell reported t hat the Buildings & Grounds Committee . has approved a request from Kentucky lJtili ties Company for placing a guy wire on College property. On his recommendation, it was dec i ded to permit this wire to be placed on the property without executing a wri tten easement . President Spragens r eported that the enrollment of students for the second semester 1957- 58 is as follows : Men Women Total Seniors 36 31 67 Juniors 46 31 77 Sophomores 68 49 117 Freshmen 82 57 139 7 9 16 239 177 416 Special Total This is a decreas,_· of 47 since the beginning of the first semester, when 463 students were enrolled. Five students graduated at the end of the first semester, 11 withdrew at college request, and 31 withdrew voluntarily. President Spragens reported that a special committee of the Faculty has been appointed to study and make recommendations regarding tl1e college �·- - ....• . - -t ·- -·· .. • I • • • • • • • • • • • • • • • • \ • J • • • ' • , • .. t l • • • • ... • . • ., • .. • • .. • • • • • • • • • • • ., - • • - • •• • • • ., .. • • • • I • ' • • l • • • �• -2- residence pro5ram as it relates to the accomplishment of the essential ~cad~mic objectives of the college . This committee is comp osed of Dean l;llrich, Professo1· Hazelrigg, Professor Cook, Professor Noble, Professor Vau6han, and Dean Sweeney . President Spragens reported that study and discussion is continuing within t he faculty and student body regarding social regulations of the campus . The President also reported that a letter of intent has been received from the West Virginia Pulp and Paper Company indicating their plan to continue t i1e~ r existing contract v!i t~1 Centre for research in chemistry for the year beg1nnin6 July 1, 1958. It vas mnved, sec ):ia.Aa. and unanimously cerrie'1. that the following !j€D1bers of T,h4:; f&culty be J.flp)inted to t each in sunm:er sePsi..on, witl1 compensation in the a'ttn"J11~s indica-'·.ec. , subject to the under-:,·;.a11ding t,hat registration in tl1eir res1~ 2c·ti .,,e classes mt1st average five stuA '?nts per course : Dr . Loetscher or Dr . Cook e Dr . H ffelfinger Dr. Hazelrigg Mr. Ca11trell Dr . Misch Dr. Noble Dr . Robinson Mrs . Cheek Dr. Bartlett Dr. Ritchie Mrs . Vestermark $750 750 750 600 750 600 750 200 750 750 600 President Spragens reported that applications for admission continue to run substantially ahead of last year . As of March 8, a total of 231 applications have been received compared with 173 a yea.r ago. Of this total 122 are men compared with 90 last year, and 109 a.ie women as against 83 a year ago . The total number of applications represents an increase of 33% over last year. On President Spragens' recommendation, it was moved, seconded and unanimously carried that tl1e following members of the faculty be granted tenure status beginning September 1, 19,8 : Mrs. Blanche Hodgkins, Miss Emily Reeves, and Mr. Gordon Winsor . Pursuant to authority granted at the previous meeting , Mr. Spragens report~d that the property of M . and Mrs. Norris Armstrong has been purchased r for $12,000 . 00. This had been appraised at between twelve and fif'teen thousand dollars by independent appraisers. The property is located on th( vest side of St . Mildred's Court, fronting approximately 210 feet on St . Mildred's Court and 150 feet on Main Street . Payment was made by means of a note payable within five years with interest at the rate of five percent per annum. The President also reported that Mr. and Mrs. Elbert Gary Sutcliffe had offered to provide by gift the amount required to rel1abilitate the swimming pool in the Women's Gymnasium not to exceed $7,500.00 . He reported the ~ontracts had been let for this work and that the present estimate is that the total proJect can be completed for about $5,000.00 , �• • • • • • - • • • • • • • • • • • • • • I • • • • • • • • • • ' • • I • • , • • �222 - 3President Spragens reported that the brick exterior of Breckinridge Hall is being sand blasted at a cost of $1400 . 00 . This expense to be charged against the contingent fund for buildings and grounds in the current budget . Mr . Spragens also reported that investigation is being made of the co ~t for refurnishing Breckinridge Hall, and that furthe:r· information will be reported at the next meetirg. He stated that a temporary infirmary for men stuclents l1as been set tlp i . .1 Centreville . An estimate for the airconditioning of the W eisiger Art and Music 131.~i.-Lding of approx:i.mateJ_:, $:..2 , 000 . 00 has been received . rc.qi...~es ted on t-his matter . No action was It is estim~ted ~~at approximately $22,000 . 00 will be required f or the com~~e~c furnishing of tte downstairs of Cra~k House ~ On recommendation of M1~ . Spragens , it was unari.,_mously voted that G. Bittner' s Sons of Loui_s"l'ille be appointed interior d~corators with the provision that bids on the carpeting :)e req..iested f:r·om local dealers . ' President Spragens reported that preparati0n of a budget for 1958- 59 is now in process , and t,h it fuJ 1 recommendat.ions will be presented for the action of the Trustees la~-er in the spring . At this time, however, he presented recommendations for the establishment of salaries of members of the faculty and administrative staff for 1958- 59 . The recommended increases total $25 ,250 . This will require approximately 1/3 of the total estimated increase in income from increased fees for next year exclusive of board charges . The income estimate for 1958-59 is $699,348, as compar ed with the 1957- 58 estimate of $621 , 340 . 00. Mr . Spragens stated if these recommendations are accepted , the mean average salaries for the four academic ranks for 1958- 59 will be slightly in excess of the national av~rages for private liberal arts colleges for 19?7- 58 , as reported by the United States Office of Education, as indicated by the following comparisons : Centre Mean 1958- 59 National Mean 1957-58 $6,540. 00 Professor Associate Professor 5, L33 . 00 5,440.00 Assistant Professor 4,933 . 00 4,760 . 00 Instructor 4, 400 . 00 4,110. 00 It was unanimously voted that the salaries of members of tl1e faculty and administrative staff recommended by President S1ragens for 1958- 59 be approved as follows: �I • • • • •• • r • • • • • • • . • } • • • • • • •' • . • • • • I • • •• • • . • • • ' • • \ • • • �.. - 4Recomme nded 195'7- 58 Facult y ·Cook , liart , IIazelrige, -Heck • Knott ~Misch , Ritchi e •Robins0n • Rush , Steere • Sweeney • Vaugl1an • Trlallcup ' Barbour • Conklin · He ffE- l finger · Hill ' Holdren • KPllam • Loetscher • Nichols • Ullrich (Vacancy - religion) 5800 (2700 part) 6400 7500 (6250 base) 5500 5500 5800 5600 5400 5500 5800 0400 5500 4500 5700 4900 5300 5000 5200 5100 3000 (p . t . ) 6500 (5400 base) 5000 1958- 59 I ncre ase 1000 6800 4100 6800 800 7200 8400 ( 7000 b a se) 900 800 6300 600 6100 600 6400 600 6210 1200 ~600 600 6100 700 6500 800 7200 6200 700 5000 6000 5300 5800 5500 5600 5500 3800(p . t . ) 7200 (6000 base) oOOO 500 300 400 500 500 400 400 200 700 5400 5500 400 • Cantrell •Ellis ~ Hod ,_,kins • Inman , Kelso • Noble , Reeves •Vestermark •Winsor 5100 4000 5400 4000 4800 1+200 4400 11-800 5600 3800 ( r eplacement ) 400 5200 400 4600 200 4600 400 5200 • Bailey · Brummett • Cheek •Cocanougher , Rouse • Ullrich, Eliz . •W alker 1500 (p . t . ) 4800 1500 ( p . t . ) 3600 3800 800 4000 1600 (p . t . ) 5200 1900 (p . t . ) 3900 4200 950 4300 100 400 400 00 6800 5000 5000 4!~00 200 3500 7000 5400 5400 4800 3200 3800 4500 3900 3600 4800 4200 3800 300 300 200 Administrative Staff • Al'·nicar . E11sminger , Frazer Leech • Shearer • Silcott 4 Steiger Cl 1·isman arren W 2r(OO 4,oo 400 500 200 100 + 150 300 J+OO 400 400 500 300 �• • • I • • .. I • �• - 5All Faculty Average 19>7-1958 1958-1959 Instructor 40)0 4400 Assistant P1•ofl=lS SC'r 4633 4933 Associate Professor 5137 5633 Professor 5787 6562 ___ 5104 5627 ..:\,_l Ra!'lks .._ • On recommendation of President Spragens , it was also unanimously approved that the salary ranges for the respect.i ve r·anks at Centre Colle 5 e be established as follows : $3 , 800 to $5)000 Assistant Professor 4 , 400 to 6 , 000 Associate Professor 5, 000 to 7,000 Professor 6 , 000 to 8 , 000 Instr,1ctor Mr . Spragens stated that it is l1is pur·pose to attempt to find a basis f')r rental of houses to fraternities beginning next Septelnber which will be fair both to the f:r•aterni ties and the Collebe . He will report at a later date . President Sp:.ragens repor·ted on gifts which have been 1·ecei ved during Jo.nuary and Febr~ary . (See list of gifts attached . ) He also reported that Dr . and Mr·s . Walter A. G1·oves have made a gift of $1 ,250 fo:r the establishm~nt of the W lter and Estelle C. Groves Scholarship a Fund . Trc purpose of the fund is to establish an endowment , the income of which is to be used to assist a young man or young woman obtain an education at C~ntre College of Kentucky. Dr . and Mrs . Groves have expressed their intention to increase the fund to the total amount of $5,000 . 00 . The following resolution was adopted : "P.ESOLVED that the Executive Committee of the Board of 'rr·ustees on behalf of the Board of Trustt.es express to D1· . and Mrs . Walter A. Groves deep appreciation f'or tl1eir generous gift fo1· the establishment of tl1e Walter and Estelle C. Groves Scholarship Fund, an act which is characteristic of the selfless and unceasing commitment of Dr . ond Mrs . Groves to tr1e cause of Cl1ristian higher education , and to the assistance of young people l1aving promise for leadersriip in the future ." President Spragens r~ported a gift of $440 has been received from officers ~d employees of the Standa.rd Oil Company of Indiana as a testimonial honoring Jr. Hunton Rogers on the occasion of his retirement as Direc tor of Research for that corporation . Dr . Rogers has indicated the hope ttat this fund may be �- -- -- --- -------- • ..... • • • • • • .. • j " J • .. • • • �- 6used for tl1e purchase of books for the libraries, with special consideration fo~ needs of the Department of Ch~mistry. It was reported that information has been received of a bequest provided in the will of Miss F,_0rence McMurtry to Centre , which -vrill become available upol"l tl1e death of a ov-'"'t 1 Er, age 83, who is the beneficiary of thr> income of the eis·~ate during his J.~:-~etime . The executor of the estate , the Security Trll~.,t. Company of Le:xi11gt":11 ) estimates that Centre will ultimately receive be ::.-.. een s e ven and nir.!.e tl-1.')Usand dollars . The bequest is to provide a scholarsh:.p in honor of Miss McM~lrtry' s father, Y'.i.r , James Letcher McMurtry. On recommendation of President Spragens , it was unanimously voted that he be authorized to employ an additional account clerlc - typist for the Busi~e ~s Mana~er's office . On recommendation of President Sprage ns .· it was moved, seconded and carried that (1) Mr . John Frazer be designatei General Secretary of the College, ,rith responsibility for coordination of the stt'':•e ..1.t r ecruitment and admissions probram, for general coor·dination of the gift. p.r·c. ~ 1"3.lll) and for the performance of other a.dmi nistrati ve duti e s as assigned by -che ?r·esident of the College) and (2) t 11at Mrs . Violetta Shearer be designated as R1-~gistrar . On recommendation of President Spragens , the f ee being paid to the Danville Community Conce r t Association by the College was increased from two cl.:'llars per stude nt to three dollars pe r student effective in the school year •1 9)3- 59 . There being no fu1•the r business to come before t l1e meeting, it was on motion ad.Journed . Respectfully submitted, PIERCE LIVELY Sec1"etary �• • • I • •• • • • • • • • • I �_ ,.____,. -~ CEI\JTRE COIT !i'GE OF KENTUCTCT Balance Sheet Statement-Oper a ting fund Februe ry 28 , 1958 AGSSTS ►--- Cur rent Funds Ca.sh in Bank Petty Cash Fund 26 ,645.02 1, 000.00 27 ,645 .02 Notes Receivable Gene r al Fund Lichter Loan Fund Accounts Receivable 387 .65 500 . 00 31,174 . 79 other funds : Scl1olarshi- funds-Gene r e 1 n From Evc" ns--Sum r al l Sch . fund From Fa1 r i° Fund Due fi"Om 2,145 .22 148. 50 14,715 . 54 Deferred DenP r tmental Exnense • • 17 ,009 .26 10 , 6,1 . 07 Inventories 16 ,58l.J, •91 Pre~eid Insurance • 26 ,98c; .2.5 00 -- - . -- 20 .-- Suspense Account 130 ,917~ LIJi.BII1 . I ----------=..TI S Accounts .;..;;;;,.=_ PnyPble Accr ued Salc1ries and tl?ges Feder ?l Texes Withheld Prepaid Boer d 0harses Sal "r y SPvings 1li thheld Hospit liz l tion Insur~nce Social Security Taxes \Ii thheld Stete T; x es Withheld Borro,•1ed t4oney ; , 171 . 01 18 ,876 .lJ 5,959 .67 lJ. 54 136 . 88 305 ,77 --- 1 , 157 . '30 1,212.0'3 _____00 ,_ Due other Funds J ,.524 . 05 76 .63 Due to Pri7e Fund Due to DKE House fund Prer~id Char ges Students Fees Pr epaid Meal Tickets-Men Prepai d Boa rd Chorges- Women Reserves Miscellanoous llesearch Program Gifts fo r Designated Purnose J0 , 832 .JJ 22 ,5J4.96 _..... , 827 .94 22 .50 ,J62 . 90 853 .61 589 . 82 1 ,840 . 00 Lichter Foundation- Student Loan Fund Surnlua-Deficit Account : 78 ,087 . 85 Accurnule ted Operating Deficit l Operating gain to Februar y 28 , 1958 __ f.9...., 446 • 46 J ,28J .4J - - ,.500 .-00· . 88 , .57? .34 42 , )~61.. 110.Q1?.Q', I �- - - - - - - - - • t • • • • ·- . • • • • • • • • ' • • • • �CENTRE CO LLEGE OF KENTUCKY Sta tement of Income Operating fund _____________ __ _ _ EDUCATIONAL & GENERAL INCOME ;;.._____,..... Student Fees Tuition Fees Other Fees Febr uar y 28 , 1958 , Endo·•nn en t-I nc ome Un~ lloca ted Endo,-r.nent Earning Real Est~te Income Unrest r icted Restricted Endowment 249,826 .25 ,2 ,414.OO 252 ,240 .25 J8 ,717 . O2 5,756 .69 14.622 . 18 Gifts md Gra.nts Chu:ch Board e nd Chur ches Living Endo,•nnent (Gift s) Snecial Gif t Jfu.nd • AlUMni Fund Vocation~l Guidance Grrints- ...Lesearch , etc . J2 ,499 . 4J 7 ,BP0 . 00 4,500 .00 8 ,542 .83 5 ,228 . ?J 13 ,700 .00 72 ,350 .99 2 ,196 .29 Othe r Sources Auxilj~r~ Enter~ri$eS Residence Hal ls-t ·omen Residen~e H~lls-li~eman E'~ idence Halls-~1cReynolds 1cesidence H::·•llo- Breck Cent r eville Dining Hal 1-l~en( net) Dining Hall-l•/omen(net) TeB Room (net) Cof:ee Shop (net) Bookstore In ve rc ollegi Ate Athletics Student Pid Gifts Endo,·nnent Total I ncome 25 ,265 .07 4 ,910 .00 2 ,997 .02 14 ,653 .25 3 ,518 .92 7LJ-4 .. 84 2 ,922 .79 60 .66 (120 .61) ?6 ,88J .07 11 .206 . S0 93 ,062 . 41 5 ,2'55 . 00 10 ,212 .53 l '5 . 490 . 53 L~94 , 4J6 .J6 .- �• • • I • . • .. • • • • • • • • • • . - • • • • • • • • • • • • • • �C:sl~TRE CO TLEG~ OF !(1%TTUCKY Statement of Expense Oper ating Fund Gener ation --- a l -Administr 0Tfice -- . President ' s :Business Olfice Tr e~surer' s Offi ce Dean of Faculty BoPrd of Trustees 13 ,341.00 6,676 . 82 2 ,578, 39 3 ,473 .15 7) .61 Student Services Registr~r t s Office Dean of Student ' s Office Dean of Women ' s Office Health Ser vice Stu1ent Ac tivities Vocation~l Guidance Bus Service February 28 , 1958 2 ,795 . 62 1 ,778 .02 2 ,512 .34 2 ,307.81 4 ,881 . 42 J,382 .93 ~,131. 70 - 8,906 .33 StPff Benefits Gener ----- . - ~l - Institution~l Exnense - - .. - General Alumni Cffice Public Relations Communications Publicity o~fice Student Promotion & A issions -.____,;___,;..,,_ ·.;;..,;..;;.~ 6 ,358.36 8 ,940 .17 5 ,220 .J0 2 ,540 .77 6()4 .60 12 ,01tl .15 35 ,795 .35 • Instructional Exnense - •.=,,;.,,;:.=;;......;:~;,..:,;:.:::.=:..= Departrental & General Librar y Oper ations & f~aintenance - Auxiliary Enter~rises Residence Halla-~·Tomen Re~idence Hall~ Wiserr~n R~s idence R? lla - 1\fcReynolds RPsidence Halls, Br eck Centr P.ville Bookstore Inte r collegia te Athleti~s Student Aid - Annuiti es Total Exnenditures G~in at Februa ry 28, 1958 105 . 1L14. 65 10 1 382 .64 4J ,383 .'±9 9 ,257 . 66 1,715 .38 926 .77 6,335 , 56 1,672 .16 24 ,487 . 36 J2 ,444 .74. 58 ,859 . 63 65 , 135 . 00 1 ,250 ,00 . 373 ,989 .90 ___120 I 446 e 46 494 ,4J6 ,36 �•\ • • • • • • • • • • • • • • • •• • • • • • i • • , • • • • • • C • • • • l • • • • • • r • �Centre College REPORT OF GIFrS RECEIVED January - February 1958 Alumni Mr. Harry L. Hatchett Mr. Don G. Giles Mr . J . M Van Winkle . Mrs . Edith McClure Sutcliffe Mr . Jo Baily Brown Mr . Elbert Gary Sutcliffe Mr . James T. Norris Miss Amelia R. Yerkes Mr. Robe1·t C. McCord Mr. Charles H. Parsons Mr. Julian P. Van Winkle Mr, and Mrs . George A. Berryman Mrs . Adele Read tvlartin Mr. E. P. Faulconer, Ji· . Mr . S. H. Hayward Mr . Pem Cooley , Jr . Mr . John W McClung . Mr. James W Berryman . Mr . Cha1·les E. Stoll Other Total Alumni gifts Ch1.1rch Sources Ashland F ' rst Presbyterian Frankfort First Greensburg Harlan First Louisville Central Ludlow Pikeville First South Ft . Mitchell ,Lakeside Treasurer, U. S. A. Synod Total Church sources Corporations and Others A AU W - Scholarship Central Kentucky Building & wan Scholarship Mildred Porter Cleaves - Scholarship Lloyd B. HuguPnor - Scholarship Keeneland Foundation Mr . and Mrs . J . Warren Kinsman T. Hunton Rogers - friends of Sinclair Oil Co . Other Total corporations and others Grand Total Gifts January and Feb~uary $2, 000 . 00 100.00 100 . 00 250 . 00 100. 00 100 . 00 100 . 00 250 . 00 100. 00 1,000 . 00 500 . 00 100 . 00 155 . 95 100 . 00 203 . 52 100 . 00 100. 00 250 . 00 100 . 00 2,480 . 48 $8,189 . 95 $ 500 . 00 350 . 00 160 . 00 300. 00 200 . 00 150. 00 200 . 00 5 . 00 2 , 085 . 39 100 . 00 600 . 00 100. 00 500 . 00 1,000. 00 500 . 00 440 . 00 1,000 . 00 5 . 00 $4,245 . 00 $16,385 . 34 �. '' • • .. ·- • ' • • • .... • • .... • • • • .. • • • • • • • • • • • • • r • • • • • • • • • • • •• • • - '• • • • • • • • • • • • • • • • - - • • • . . • .. • • • • • ... • • • • • • .. • • • �230 Minutes of the Executive Committee of the Boa.rd of Trustees of Centre College of Kentucky April 19, 1958 The Executive Committee of the Board of T~ustees of Centre College met, pursuant to notice, in the office of the president of the College on April 19, 1958, at 10 A.M. Present were: Chairman Ike ~,nier, ~gan Caldwell, W. P. Caldwell, Norris Armstrong, J. M. Van Winkle, Lisle Baker, E. G. Sutcliffe, Pierce Lively, and President Spragens . 1. The meeting was opened with prayer by President Spragens. 2. The runut~s of the meeting of the Executive Committee of March 15 were approved as circulated and reading thereof waived. 3 • Mr. Arni car made a report of the Operating Fund of the College as of March 31, 1958. (See copy attached) 4. Mr. Lanier announced the following special committee on the inauguration of President Spragens: E. G. Sutcliffe, Chairman; Don campbell, Lisle Bake:, Logan Caldwell, Fred Wachs, Paul Blazer, W. A. Benfield, John Gosney, and Miss Amelia Yerkes. 5. On recommendation of Mr. Logan Caldwell, Treasurer, it was moved, seconded, and unanimously carried that the following bookkeeping adjustments be made with reference to payments previously made for plant improvement: 1. $1, 937 . 26 expended from the Ford Merit Grant for stadium repairs to be reimbursed from principal of the Farris Fund. 2. $459. 58 expended from the Rush Fund for improvement of the athletic fields to be of the Farris Fund. 3. reimbursed from principal $2,758. 47 expended from Farris Fund, earnings account, for the construction of Farris Memorial Gate, to be reimbursed from principal of the Farris Fund. 6. rtir. Logan Caldwell reported that the Phi Delta Theta Fra- ternity needs $500.00 for redecorating. They have requested that the Collet::,e sign their note at a local bank as surety in order that they may borrow this money under arrangements similar to those followed on a previous occasion. It was moved, seconded, and unanimously carried that t'1r. Logan Caldwell as Treasurer be authorized to endorse the note for $1,000 in the name of Centre College of Kentucky at a locaJ.. bank for the Phi Delta Theta Fraternity to ma.l{e repairs on their chapter house, this note to be paid off by the fraternity at the rate of $500 per year for principal and interest, on condition that in the event the payments are not made according to schedule by the fraternity, the house shall be operated by the College on the same basis as other fraternity hcus~c. pertly ownPa by th~ CoJ ege and ~s.rtly owned by the £re.ternity. �• • I • • • - • . ' • • • • r • I \.' • • I •• • . • - f ... • • • •I - : \ - • ' ' • J • • • r , • .I - A - • ) • • • • • 1 • • • • • • • �- 2- 7. Mr. Spragens then made a report to the Comro1ttee on academic affairs, following closely an outline which he bad sent to the members of the Committee prior to the meetinu• A number of recommendations and actions were taken as fol lows: (a) Mr. Spragens discussed more fully his reconnnendations for improving the residence facilities for men students with the object of creatir1g a more favoratle environment for academic achievement. He reportc~ on staff discussions which had led to a recommendation to pro~ "ide a fa.cult,y resj_a e~t in tl1e freshman men s dormitory, Breckinridge Ha.J l, ~ ,.... ~-~~ i::-t:. v'.~ .1. 1,_ c :?- ese,:it housemother arrangement. This would provide a man ~-1ho 1.s lJoth a fuJ.J y qualified teaching member of the faculty , and capable of serving as 2 , ~eneral faculty adviser to all fre~brna.n men. Mr. Spragens ~h~n r ~romroended the appointment of a new faculty member in the History Depar tment to provide furt her relief from teaching duties for Dean Heck, and ·co a s sume the residence re~ponsibilities in Breckinridge Ha)] . He proposed the appointment of Max P. Cavnes, now Assistant Professor of Histor y at Western Stat e College of Colorado . Dr.Cavnes is a graduate of th~ University of Indiana, holds the B. D. degree from Yale University and t he Ph . D. in history from Indiana ~ While a doctoral candidate at the University of Indiana he served for three years as head resident of a men's dormitory. He is marTied, without children, and Mrs. Cavnes holds her master's degre e in guidance . It was moved, seconded and carried that Dr. tvlax P . Cavnes be appoi nted Assistant Professor of History and faculty resident of Breckinridge Hall, at a salary of $4,400 for the 1958- ?9 academic year, and with provision of a housekeeping apartment in Breckinridge Ha J J. 1 (b) On Mr . Spragens ' recommendation, it was moved, seconded and carried that Mr. Harold Hanson be appointed as research assistant in chemistry for the period of one year beginning September 1, 1958, at a salary of $3,200 for the year . (c) Mr . Spragens reported on the progress of t he examination of nominees for the vacancy created by the resignation of Dr. Bartlett as Professor of Philosophy and Religion. It was moved, seconded, and carried that President Spragens be authorized to conclude the appointment of a replacement for Dr . Bartlett from among candidates under consideration, at a salary of $6, 0)0 or less, as may be required. 8. M . Spragens then took up matte rs affecting the buildings r and grounds of the College . The following r ecommendations and reports 1-1ere approved: (a) It was reported that, with the approval of members of the Buildings & Grounds Committee, a contract bad been let for the tuck pointing; of al) brick worl< of the older portions of Breckinridge Hall, subsequent to the cleaning of the building by sand blasting as reported a o month a& . The contract for tuck pointing, in the app1 oxirna.te a.mount of $2, 600 is being charged a gainst tl1e appropriation for contingencies in buildings and grounds maintenance . (b) I t was reported that delivery of the filtration system for the rehabilitated swimming pool on the women's campus was in process and �• • • . • .. • ' .. I • • • \ t • • • • • • • I • • '• ' I . .. .. ' '. • • ' f • \ • •• • ' ' • �- 3that t he wor k would be brought to an early completion. (c) With respect to t he need for p r oviding s ound residence facilities for tl1e occupants for t he m en's dormitori es, Mr . Spragens recomm~nded that Breckinridge , Wiseman, and McReynolds Halls be completely rer.o,,.-ated and ~e fiu-uished this s,1 r . He reported that t he w mme ork requi 1;'(.0 not or...ly irc1_,...ld~s new furni t ure thr oughout , but als o r epa jnting , t~~ ~~'Wi.rin~ o·2 -~n j o f the electrical instaJ.l ationc i~ the hallways c=i_·:1 l athrooms , ~·--ov~sions f or venting the exces s h11rr.·, a.:.ty in the bath::t J r ' J-.:: of B~eck j r_:~ j c.~e rI~J.J. , and other minor r epairs. :n o.ddi tion, he r ~I,0.:r:·t ~n. the _1-- e,l l"i 1 ' r-::~'].ar ir.~ the rad.iatOl''S t hrout.,:10·11., Breckinri dge HcJ..!.i. _. -,.b i ".:!l1 -~r 'i<::.!.1 cr·Lr-ri ~8 l ·t.~- installed ,.,ere acquirec>. ~~c:c ldhand from t h€ c E.-:>.,_-: ) . :!". ,:r. ~~-,. 1.' l :J. 1.· : ~,rille, and for modernizai•i ""T'l. CJ T replacement of t r.f:.. '.! )J.::--Lsc~ a 1Jct ~0 ~;_;_ _. which are both inefficien~ and excepti onally ~r:-; dir'c·r . Fu-rt u::a ·::. ·"' •v!.r . Sp1·aQens recommendations, it 1 '1as moved, seconded, and c2rried t ha~ ~he e xisting boiler in Breckinridge Hall be moderni zed or ::-e;.laced vrit (1 r ;.1e:1.; bas fired boiler and that all radiators throughou-'c ·i;l1e builC:j_ 1-,~ r '=Placed with new multi fin convector radi ators , at ng a co~~,; 'lo·i~ ~:~C!' .~ 5, t~ $lu , 000 , and that the Preside11t be authorized -·, in c :>nsuJ:~at .i _ · :.i th the Buildings & Grounds Conru:i.tt.~e to accept the \ilJ bid 0:f :-,rJ.~ Cl.3.1 k~ i">'1 _umbing Company for this job in the amount of $9,73 3 25, or a lo\'rer bid, if available, .from another reputable contractor . 1 It was ~~u-ther determined, on motion duly seconded and carried, that the redecoration and complete furnishing of Breckinridge, Wiseman, and I• 1cReynolds Halls be undertaken at a cost estimated not to exceed $63 , coo. It was moved, seconded, and carried that the Finance Comm ittee be authorized to provide funds for the improvements of the men' s r esidence halls either through bank loans or by the investment of unrestricted endowment funds to be amortized as follows : 1) The investment of $10, 000 for the capital impr ovem ent of a new heating plant for Breckinridge Hal] to be amorti Led over a period of forty years with interest at 3%, payable annually from general fund appropriations, 2) Investment of $63,000 in renovation and furnishings to be amorti zed over a period of ten years with interest payable annually at the rate of 5%, from general fund appropriations. (d) President Spragens reviewed the status of present investments of endowment f\.u1ds in income producing auxiliary properties, (dining haJ.ls and dormitories) which now total $245,613. 00. He pointed out that, although this investment is producing a surplus of income over the expense of operating these facilities, no provision is presently made for crediting inter est to the endowment account, and no provision has been mad e for · he orde rly amortization of this investment . He t suggested the wisdom of taking steps at tl1is time, when t he College is substantially reshaping its financial operations, to establish a program for regular interest payments on this endowment investment and for its �• • • • • • \ ' ' • �-4orderly amortization. He reported that a study of the operating budgets of the auxiliary facilities in relation to the newly established rates for room and board suggested that the College should undertake to amortize its present capital investment in the income producing auxiliary properties over a forty year period and that interest on this investment s hould be paid regularly to the endowment account at the rate of 3% on the unamortized investment . After discussion, it was move, seconded,and carried that beginning with the fiscal year 1958- 59, it shall be the policy of the College to make provision for the amortization of all p~esent endowment investment in dormitories and dining ha JJ s through fixed annna.l payments from the general fund calculated to amortize the total investment over forty years with interest paid annually on the outsts.nding inves~ment et the rate of 3%- 9- M_-. Spragens reported the increasing interest on t he part of parents of college students in arrang~ments for payment of tuition and fees by instaJ]mP.nt . He presented the program of the Tuition Plan Incorporated, a national corporation which has been organized to purchase contracts for payment of tuition and fees from eligibl e colleges and schools remitting its payments to the colleges in September and January, while permittinb the ir clients to ma.ke payments to the corporation on a monthly basis with appropriate interest . It was moved, seconded, and carried that Centre College apply for enrolment as an associate of the Tuition Plan, in order to provide for interested patrons a sound plan of deferred payments of tuition and fees . 10 . Mr. Spragens reported that the operation of the dining halls this year under contract with the Slater Corporation has been senera)Jy satisfactory. He stated that although the College may wish again in two or three years to undertake the direct management of its own dining halls, it appeared wise at least for the present to continue the arrangement with the Slater Corporation . On Mr. Spragens' recommendation, it was moved, seconded, and carried that the Business Manager be authorized to enter into a contract with the Slater Corporation for management of all food preparation and food service functions at Centre College, at an annual charge of $323 per person for the regular college year for each woman student and other authorized faculty user entitled to three meals a day, seven days a week, during the regular college year; and at a charge of $289 per person for each male student or other authorized user e ntitled to three meal.s a day, Monday thro~gh Fiiday, and breakfast and lunch on Saturday, during the regular college year; with the further provision that receipts from sales in the Coffee Shop and Tea Room shall belong to Slat er except for 5% of all bross receipts whi ch will be paid to the college for rental of the equipment, utilities, etc . 11. Mr . Spragens reported that over the past few years expenses chargeable to the Farris Fund for operation and maintenance of the athletic plant and the athletic program under established Board policy have exceeded earnin5 s from t he Fund with the result that as of AuLust 31, 19~7, the Farris Fund income account showed a deficit of $7,228.79. He pointed out that these additional expenses have as a matter of course been paid from the ge neral fund, and that th~y are in fact appropriate obligations of the general fund. He recommend~d that the accumulated deficit of the Farris �• • • .. 1 • • - .. - • • • '• • .. - • \ • • • • • • • •• •, • ... • • • ' • • • • • • ' • .. • • I • • I • • l• • • • • • ' I • • .. • • • • • - ' • I • • • J • • l ' I • • ., • .. .. • ' .. ~ ~ • t • .. 1 ,,.• .' • •• l • .. • t I ••• • • • • • • • • • ' - • t' . • • ~ • ~ •• r r ' • ' • • • \ • l • ·,, ' . , •J • • f .., • I .l • • • I • 11 • • • • • • ( ' • j • • , • • • • ' • r f l �• Fund be transferred to the surplus and deficit account of the general fund and that in succeeding yea.rs the expenses of the athletic program over and above the amounts available from year to year from the Farris Fund income be charged directly to the generaJ. fund . It ,.,as moved, seconded, and carried that the accumulated deficit in the Farris Fund at the conclusion of 1957-58 fiscal year be transferred t o the surplus and deficit account of the general operating fund . 12 . Mr. Spragens presented a preliminary budget for the year 1958- )9, based on an income estjmate of $718,850. 00 with projected expenditlli~es of $735,999. 00, which would result in a deficit of $17,149.00. He observed tha~, ~lt~ough the projected expenditures would exceed the estimated expense s of the current year by approximately5'17,oco . oo,they represented a conservative proJection of needs in relation to the objectives to which the College was committed in the development of its program. He further observed that, if it were not for the fact that the College's cash position is already very weak, he would be prepared to recommend modest deficits for the next year or two as a part of a lonci range program to stabilize the Colle& e's finances at a new and a more effective level over the next fevr ye ars. By virtue of the fact that an accumulated deficit already exists in t he general fund, however, he felt it was important that the College undert: .ke to operate without any loss duri!'g the coming year, either through findin6 the means to enlarge its income from gifts and grants, or through the postponment of badly needed improvements in services and operations of the Colle~e. He invited the consideration of the trustees to these alternatives, and proposed to bring forward further recommendations at the May meeting . There being no :further business to come before the meeting, it was upon motion, ad.Journed . Respectfully submitted Pierce Lively Secretary �• j • • • • • • • • • • • • • • • • • • • •• I • • �CfilTTRE COLI 't'GE ov T(E~TTUCT{Y Bal?nce Sheet Ste te~ent-Ope r ating Fund ASSBTS Mar ch 31 , 1958 Current F,mds C9sh in Bank Petty C.., sh P\md 17 ,296 . 14 1 ,000.00 18 ,296 . 14 Votes heceivable <1-eneral Fund 387 . 65 Lichte r Loan Fund Accounts Receivable 500 . 00 22 ,375 . 57 Due f r om Othe r Funds : Schol~rs'1ip fund-Gene r al From Ev8ns-Sum. r All Sch . Fund Jfr om FPrr is Fund t .145 . 22 148 . 50 15 ,420 . 88 Deferred Dep~rtmental Expen~e 17 ,71~ . 60 10 ,631 .07 Invento r ies 16 , '>5 5. 75 Pre~aid Insurance 26 ,2q2 . 85 Suspense Account 20 .00 112 ,773 .63 J I_A-=B..;;;.I;.;;;..LI;.;;..;T;;..;;;I__;j.;;;;..S J Accounts Pay~ble ~cc r ued ~a l~ r ies And W ages Federal Texes 1li thheld 5'1la r y S'lvings 1·/j thheld Ho~pit~lization Insur pnce ~oc iel Security Taxes 'Ii thheld StP te TD.res Vii thheld Bo r r o\' ed I4oney 1 2 ,167 . 41 18 ,907 .20 5,96? .27 126 . 88 251 .17 1 ,124 .70 1 ,625 . 61 8 ,000 . 00 J8 ,365 .44 Due othe r Funds Due to Prize Fund Due to DT{E House Fund Prepaid Char ges Student Fees Prenoid Meal Tickets-Men Preneid Boar d ChP-rges-Women 3 ,624 . 05 76 .63 17,337 . 80 21 , 272 . 44 38 , 610 .24 Reserves j.fiacelleneou s Recp~ rch Program Gifts f or designated purposes l,?79 .61 589 . 82 1 ,150 . 00 J ,019 .L~J _ _ . 00 50_0 84,195 . 79 Lichter Foundotion-Student Loan Fund Surplus-Deficit Account: Accumulated Onereting Deficit Operating ge in to Merch 31 , 1958 78,087 . 85 106 ,665 .69 g8 , 577 , 84 112 .22~ . 63 �, • • • • • • • • .. • ••• • • • • • • ... • • • • •• ( • • • • , • - • • • • • • • • • • • • • •I • • • • • �C"SNTRE COT_,I ,EGE OF KENTUCKY Stetement of Income Oper a t ing fund E"JUC.A TI ONAL - GEl. - & - ERAL I}TCOME Student Fees T\1i t ion Fees Other Fees March Jl _, 1958 1 Endowment - I ncome Unnllocf't Pd Endo,, ment Earning Real Estate I ncome - Un r estr icted Restr i cted Endowment 1 Gifts end Gr 8n ts Chur ch BoArd ~nd Chur ches Living ~do,,,ment (Gifts) Special Gift Fund Alumni Fund Voc qti onal Gui dance Grants - Resear ch , etc . 249 ,906 .25 3 ,425 .oo 253 ,331 .25 L~J , 007 .18 5,163 . 49 16 ,242 .44 64 ,L~lJ . 11 35 ,919 . 43 16 ,716 .31 10, 450 .00 13 ,746 .35 5 ,676 .23 lJ,700 .00 96 ,~08 .12 3 ,046 .44 Other Sour ce s Auxili? r y Enter pris es Residence IL3lls-tvome n Residence Ha.11 - \viseman Residence Halls-McReynolds Res i dence Hall-Breclc Centr eville Dining Hall- }1en( net) Dining Hall- ~lomen( net) Tea Room(·ne t) Coffee Shop(net) Bookstore Inter co llegi a te Athl e t ic s '3,316.41 74 .11 (53 .12) 28 ,400 .62 11 ,206 . S0 Student Aid Gifts Endol-rment 5, 505 . 00 11 ,369 .72 25 ,316 .07 s ,045 .00 2 ,997 .02 14 ,670 .25 3 ,964.92 1 ,065 .79 16 . 87 1 ,72 4Total Income 529 ,897 ,. 41 �, • • • • • • r • • • • • • • • • • • I • , l • I • �CENTRE CCI LEGE OF TCENTUCIT St at ement of Expense Operating Fund Gener al Ad.ministr ation Pr esident ' s 0.fice Business Office Tr ea surer' s Office Dean of FF1culty Boar d of Trustees Student Serv ices Re~ist r ar 1 s QTfice Dean of Stud ent rs Office Dean of ~omen ' s Offi ce He;:i lth Service Student Activities Voc~ti onal Guid~nce Bus Ser vice a.rch 15 ,983 .35 8 ,183 .90 4 , 112 . 01 4 ,025 .54 73 . 61 3 ,421 .J? 2 ,098 .51 2 ,921 .24 2 ,600 . 52 4 ,881 .42 4 ,107 .76 1 , 536 . 76 21 , r..67 • .--g 10 ,597 . 07 St1.ff Benefits Gener al Instituti onal Expense Gene r ~l Alumni Office Public 11ele ti ons Communications Publicity Offi ce Student Promotion and Admissions 31, 1958 7 ,172 . 73 11 ,745 . 05 6 ,020 . 17 J ,261 .10 770 . <)0 14,f;74 .25 43 ,846 .40 Instruction~ l ExPense Departmental & General Libr ~r y O e tj ons & Moi ntenrnce per 121 ,511 .88 l? ,6J1 . 76 50 ,J?l .48 184 ,519 .12 Au.xiliP r y Enter pr ises Residence Halls-\\Tomen Residence Hell- '·li ,..eman Resi dence Hall- McReyno l ds Re~idence Hal l-Breck Centr ev ille Bookstore Intercollegi~ t e Athl Pt jcs Student Aid Annuities Tota l ExpenditurPs Gai n at l4arch Jl , 1958 10 ,858 .90 1 ,896 .47 1 ,001 . 81 7 , 101.08 4 ,J80 .9? ?5 , O?J . 81 12 .( 0 8. 15 6J ,01J .14 6,5 ,1})5 . 00 _ 1 ,875 . 00 L~2J ,2J l . 72 106 ,665 . 69 529 ,897.41 �' • ' • • • ~ ~ ., • • • ' • • I • • • • ' • • • • • • • • • • • • • • • • • • • \ • t • • • • I • • • • • • • • • , • • • • • t • �Minutes of the meeting of the Executive Committee of the Board of Trustees of Centre College of Kentucky June 6, 1958, at 10:00 A. M . Present were Chairman Lanier, Sutcliffe, Armstrong, Campbell, Gosney Logan C... l dwell, w. P. Caldvrell , Lively, and President Spragens . 1. The meeting ,,, as opened with prayer by Dr. Gosney. 2. The minut es of the meeting of this Committee of April 19, 1958, were approved as circulated and the reading thereof waived . 3- Mr . Arnicar presented the Business Manager' s report as of April 30, 1958, with a balance sheet and supporting schedules of the operating fund . 4. The following report was received from the Buildings and Grounds Committee: • A. Mr . Armstrong reported that work on Craik House is proceeding and tl1at it will be ready for occupancy at a later date . B. Mr . W P. Caldwell advised that an estimate had been received from . Mr . A. W Walker for the cost of $8,883 .00 for reconstruction of the real . estate at 701 \.Test Main Street ( formerly the Armstrong residence) . On recommendation of the Buildings and Grounds Committee it was moved, seconded and carried that that Committee be given authority to investigate this matter further with power to act in consultation with President Spragens and Mr. Nevin . It v1as further moved , seconded and carried that if this house is reconstructed for rental purposes that the cost of the reconstruction and the cost of the land be paid from endo,m1ent funds and that it be treated as income- producing real estate . C. The question of air conditioning the theatre in the Weisiger Art Building vras discussed and action was deferred for the present . 5. T11e President made tl1e following repo1·t to the Committee: A. Staff Appointments: (1) Dr . Robert H. Bryant of Mt. Holyoke has been appointed Assistant Professor of Philosophy and Religion for a period of three years at a salary of $6 ,ooo . 00 per )~ear . He is also to act as head of this department. On motion, tl1e action of the Pres ident in ma.king this appointment was unanimously approved. (2) Miss Seoung Lee Chun has been appointed as a one-year replacement for Mr . Kelso as instructor in music at $3,800.00 . On motion, this appointment was approved . (3) Mr. Arthur Dondero has been appointed instructor in string ins truments for the coming Jeer on a fee ba& to be paid according to the is number of students taking his course . On motion, this appointment was approved. (4) one year at l·~rs. M w. Chapman has been appointed Assistant Librarian for a salary of $3,000 . 00 . On motion, this appointment was approved . 4 �• • • J • • • • • • • t • • • I ' • J I • • .,• . ' �B. Retirement s: On recommendation of President Spragens i t was moved, seconded and carried tr1at the normal a ge of retirement for members of the re s idence staff be set at age seventy with an option solely i n the Col~ege to rene,-r beJor:d tl1at age in individual cases on a year to year basis . O:i furtl1er recomme ndation of the President i t seconded and carri ed that M s . Eleanor Tucker, housemother r Hall , and Mrs . Anne Ford},am, housemother at the Beta Theta be retired at the end of t his fiscal year and tl1at each of a separation gratuity of $300 . 00 . c. was moved , at Breckjoridge Pi Fraternity, tl1em be paid Scholarsl1ip ru1d Student Aid Policy: ( 1) The President recommended tl1at after a consultation ,..,ith the Alumni Association Board of Directors the alumni scholarships be disconti!'lued as such and t 11e s e resources be u s ed for the total student aid pro gram of tl1e College . It was _ noved, seconded and carried that t he Pres ident be a·\.lthorized to carry out this c 11a:ige . (2) On recommendation of the President , it was moved, seconded and carried tlat t he Farris Fund J obs be converted into working assignments under tl1 gene r al overs ight of the Buildings and Grounds Department . e D. Mr . Spragens reported t hat work is continuing on next year ' s budget and that a. recommer1dation ,-1111 be made at a later meeting of the Executive Committee . E . ?1r. 81)ragens reported that churcr1 conferences are scheduled to be he ld et K. C. vl . from about tl1e middle of J une to J uly 26, 1958. 6. t,tr . S.,_Jragens reported tl1at a new co .1 tract l1as been entered into with \'lest Virginia Pulp and Pager· Company for tl1e coming year and that tr1e College vrill receive $12,750 . 00 under tl1is contract . The agreement also provides for automatic year to year renewal unles s notice of termination i s given by either party on or before February 1 of each year. Thia contract was approved . 7. On recommendation of t-1r . Logan Cal.dwell the firm of Hi fner & Potter of Lexington, Kentucky, was appointed College auditors for t he next fi s cal year . The meeting adjourned e.t 12 00 o ' clock noo11 . Respectfully submitted PIERCE LIVELY Secretary -2- �.... • • • J • • �240 • Centre College of I(entucky B3.lance Sheet Statement-Operating Fund ASS8T3 Curr~r1t F1mds Cash in !-..a 1k .P Gtty Cash Fund Apr i l 30, 1958 (7 .•538 . 90 ) 1, 000000 ~otes R~ceivable General Fund Lichter Lo1n Fund Accounts Recciv1blc (6, 538 090) 3'31 , 65 500000 7. 21.: 051 D11e from other F11nds: Scholarship ~1nds-General From Ev,tns- Sumrall Sch . Fund From Farris F1.1r1d Deferred Departmental Expense 13, 9l.i8 . 98 10, 63].• 07 Inventories 16, 339 072 Prepaid Insurance 26, 891 . 04 Suspense Account 20000 _,.....-_3_ - o 69 9J C7 1 LIABILITIES - - -·- - Payable . ccounts Accrued Salaries and Wages Federal Taxes Withheld Salary Savings Withheld Hospitalization Insurance Social Sccuri tJ:,' Taxe s vVi thheld State Taxes V,Ti thhcld Borrowed Money Due $7 . 9° 18, 981?08 5, R93,87 136c88 297 . 27 l , 09B Q 68 794c97 lC, , t;OOoOO u2 , 160. 14 other Funds D11e to prize Fund Du'? to DKE fiouse Fund Prepaid Ch;1r Studc11t Prepaid Prepaid es Fees Meal Tickets- Men Bo:1.rd Char res -11/omen Reserves Miscellaneous Research Program Gifts for desigmtod purposes ' 11, 671., (1 69 1L ,152 r77 25, 827 . 46 1. 279 . 61 2~089,82 • 1 , J.50 . 00 I Lichter Foundation- Student Loan Fund Surplus - Deficit J~ccount : J\cc11mula ted Oper.:i ting Deficit Opera t.1ing gain to 1~pril 10, 1958 78 , 0FJ? . 85 70, 160~11 7, 927 .. 74 69 .393 . 07 �• • • • • • • • • • • • • • • • • • • • • • • • • �CE.'T-q~ COLL -:CE OF Y."Ri~TUCKY Statement of Income Operating Fund Apr i l 30,1958 EDTJCATIONAL & GE1TER.AL INCOME St.1de!1t 1ees Tuition Fees Other Fees 249, 936. 25 3. 727 . 25 EndoTment - I~co~e UrBllocated Endownent Earning 51,818 . 85 Real Estate Income Unro stricted 4, L49 . 84 Restricted Endovm1ent 19, 570. 34 Gifts and Grants Cl.lurch Bo--L:rd and Churches Livi11g Sndo ~mten t (Gifts) Special Gift Fund Alumni Fund ~locational Guidance rants - 1esear ch, etc . G 75, 839 . 03 36, 6Qh) . 61.i 16, 766 . 31 10, 450. 00 13 , 746. 35 6, 536.13 13, 700. 00 97 , 805 .43 3, 913 . 74 Other Sources Auxiliar y Enterprises Residence Hal1s- Women Residenre Hall- Wisew~n Residen°e Hall-McReynolds qesidence Hall- Preck Centreville Dining Hall - Men(net) Dinihg Hall-"romen (net) Tea noom(n~t) Coffee Shop(net) Bookstore Intercollegiate Athletics Student Aid Gifts Endovnnent Total Income 253 , 663 . 50 25, 167 . 07 5, 075. 00 2, 9?7 . 02 14, 687 . 25 4, l.t65 .h2 1, 034. 36 3, 255. 73 96 .30 12. 00 29, 29c; o4li 11, 206 . 50 ' 5, 530. 00 13 , 699. 23 19, ?29. 23 547 , 9u3 . 02 �.. . . - - . - - . . _- • • • • • • • • • • • • • • • • • • • • • • • • • • •• • • ' • • • �CE: 1 TTtE COLLEGE OF KENTUCKY Sta ter1ent of Expense Opera ting Fund General Administrati on President's Office Busin?ss o~fice Treas~rer ' s Office Dean of Faculty Board of Trustees Student Servi ces Eev.strar ' s Office Dean of Student's Office Dean of ·vomen t s Office Health Service Student Activities Vocational Guidance Bus Service April 30, 1958 19, 821 .40 9, ?25. o6 4, 281 .35 1~, 587 . 55 73 . 61 37,988.97 4, 016028 2, 381. 08 3,447 . 02 3, 003 .48 4,. 881 .1~2 4, 667 087 1, 857 007 Staff Benefits General Institutional Expense General 11,100. 30 Al 11IJ1ni Office 12, 706. 71 Public Relations 7, 000.12 Communications 3, 7A6. 69 Publicity Office 797 . 98 Student Promotion and hdmission 16,1?5. 84 Ins tructional Expens e Deodrtmental & GenE ral Library Ooera tions & 11aintenance 139 ,12~ . 58 14,001 . 21 62, 469 .33 Auxiliary Enterprises Pesid nee Halls-Wo1nen Re sider1c e Haill-1''i sema.n Residence Hall- llcRcvnolds Re5id~nce Hall- Breck Ce.1treville Boolstore Intercoll egiate Athletics 12, 170. 59 2,18? . 07 1,108 .. 89 8,171 . 45 5, 077 . 52 25, 590. 48 13. 820. 30 Student Aid Annuities Total Expenditures Gain at Apr il 30, 1958 • 24, 254. 22 12, 268. 66 51, 587. 6!~ 215, 600.12 68,1 23 . jO 66 , 085 . 00 1, 875 . 00 477,782 . 91 10.1 so.11 51J7 , 943 . 02 �• • • • • • • • • • • • • - • • • • • • • • • • • • • • • • ' • t • • • • • • • • • • • • • • • • • �• Minutes of t he Regular Meeting of the BOARD OF TRUSTEES of Centre College of ICentttcl{y June 6 fu"ld 7, 1958 The meeti ng convened at 2:00 P. M . Pr esent ,.,ere. Chairman Lanier, t-1iss Yer kes, Miss Poynter , Mrs . Chaney, Messrs . Sutcliffe, Logan Caldwell , Armstrong , Van Antvrerp , 1'Jichols, Gosney, . Campbell , Va.~ Wink.le, Faulconer, W P. Caldwell , Blazer, Nevin , Cregor , Dieder i ch , Li ve 1 y , and Presi dent Spragens . 1. The meeting was opened with a prayer by Dr. Gosney . 2. The m· nt·t e s of the meeting of the Boa.rd of fllovember 16, 1957, ,.,ere approved as circ·l.llated a..'1d the reading thereof vrai ved . 3. The minutes of the Executive Committee meeti ngs of December 14, 1957, and January 18, ~larch 15, A1 ril 19, and June 6, 1958, were approved . 4. In the absence of Mr . Baker, Chairman of the Speci al Committee on Charter and Church Relationships, Mr. S~ragens presented the report of thi s committee based on its meeting of May 26 witl1 represe11tatives of the Commit tees on Higher Education of the Synod of KentucKy of t l:.e Presbyterian Church in tl1e U. S. and the United Presbyterian Church in t he U. S. A. Following a discussion of this report, it was moved, seconded a.hd carried by th~ tmanimous affinnati ve vot e of nineteen trustees t hat tl1e following amendment to the charter of Centr e College of Kentucky be adopted: 11 BE IT RESOLVED by the Board of Trustees that the charter of Centre College of Kentucky be amended as follows: That paragraph numbered 6 of the Charter and Abreement for the Consolidation of Centre College of Kentuclty and Kentucky Ccllege for Women under t b.e name of "Centre College of Kentucl{y" of r,1ay 9, 1930, as recorded i n t l1e office of t he Clerk of the Boyle County Court in Articles of Incorporation Book 2 , at page 63, and as amended by an amendment dat ed October 27, 1956, and recorded in the office of t he Clerk of the Boyle County Court i n Articles of Incorporation Book 3, page 29, be repealed and the following provisions be sub,..ti tuted ther efor as an amendment to sa.id charter: 6-A 1 . The Management and control of Centre College of Kentucky shall be vested in a Board of Trustees of twenty- four members . Four t rust ees shall be elected each year by the Board of Trustees . Each Trustee so elected shall serve for a term of s i x years and shall take an oath faithfully to perform his duties before taking office . At the exoiration of th~ term of each Trustee l1is place on tt1e Boa.rd ... shall become vacant . No person who has served a full s i x- year t erm may be reelected to tl1e Board of Trus tees until ninety days after the expiration of his term or L1is resig11ation . Any vacancy existing at the time of any meeting of the Board of Trustees may be filled by the Board. The electi on of Trustees shall be by ballot and sixteen affirmative votes shall • �- • • , • • .. , t ... t • r s • • J • �• be required for election . A majoritJr of the Board shall consti tute a quorum. The t,;-renty- four members of the Boa.rd of Trustees in office on the effective date of this amendment shall be divided into six classes of fcur members each wi tl1 expiration dat es of one two three} four, five, and six years tl1ereaf'ter in order t o e~tablish the procedure herein set out . 2 . A majority of the Board of Trustees shall be members of either the United Presbyterian Church in the Unites St ates of America or the Presbyterian Church in the United States and at least two of such members shall be ordained ministers in eit her of these churches . No less than eight members shall be alumni or al1lmnae of the college . 3. There sl1all be an Executive Cammi ttee appointed annually by the Chairman of the Board of Trustees, and approved by vote of the Board . The Executive Committee shall have all the powers of the Board of Trustees when the Board is not in session, except the power to elect or remo,..re the president of the College and to amend the Charter and by- laws of the College . 4. The Board of Trustees shall meet at least once each year on the campus of the College . 6-B There shall be a Board of Curators of Centre College of Kentucky comprised of twelve members, one half of whom shall be elected or appointed by the Kentucky Synod of the Presbyterian Church in the United States and one half by the Kentucky Synod of the United Presbyterian Church in the United States of America. 1. 2 . It shall be the duty of on the campus of the College and the College in consultation with Board of Curators shall render a College to the tvro Synods and to the Board of Curators to meet annually to examine the work and condition of the President of the College . The written report on the state of the the Board of Trustees . 3. At any time t hat there shall be a vacancy in the office of Pres iderit of Centre College the Board of Trust ees shall consult with the Board of Curators prior to the election of a President." • It was moved, seconded and unanimously carried that an amendment to tl1e cl1a.rter of Centre College of Kentucky i11creasing the s ize of tl1e Board of Trustees :from twenty-four to twenty-eight members adopted on October 26, 1956, but never formally executed or submitted to the Synods for approval be revoked in its entirety . 5. It was moved, seconded and unanimously carried that the following stude1lts, on recommendation of the faculty , be awarded the degree of Bachelor of Arts on June 8, 1958: -2- �• .' • • - • 1 • • • • ,.) ~ • • - .. ~ • ., • • • t, ,.. • - • • • • • -- • • • •• - • ~ • • .. • .. • '• • • • • t • • •• - • •• • ' • ,l ~ • ,, • • • ' • • • ... ' • • • • .-' - r • • • I • ... - - • �• Barbara Carole Ayers Wellesley Hills, Mass . Alice Chappell Bedford Trenton , New Jer sey Willi am Gladstone Begley Hazard, Kentucky Burns Mack Brady Mayfield, Kentucky The r,J elson Allen Chemistry A,-1ard The Preston Carter Chemistry Prize Sandra Sylvia Burgess Frankfor, Kentucky tvlargo Jeanne Burriss Ashland, Kentucky f"iichael '"' oseph Carnicelli, Jr . Brooklyn, Ne,-r York tiary Emily Carpenter Louisville, Kent ucky The John T.l . Yerkes Prize, Englisl1 Lucinda Caldv1ell CaY'vOod vli11chester, Kentucky Owen David Collins Elkatav1a, Kentucky The Graves Griffiths Prize Shelbyville, Kentucky Charles Edward Connell, III Paintsville , Kentucky t-iar.,_.. Grace Daniel ., Glasgow, Kentucky f!enry Holman Dickinson Clearwater, Florida SaJ.ly Katl1erine Dillard Danville, Kentucky viilliam i'-1cGeorge Dishman,J r . C"1ID Laude The Brecl{ir:ridge Jones Prize, Hi s tory Government l George \; inst on \.Jelch Valedictorian Prize (tvlen' s Di vision) t-1ary Martha Donahue Danville, Kentucky Troy E. Fairchild, Jr . Ashland, Kentucky Patty Joyce F\rrr Danville, Kentucky Tl1e l-1usic Prize Lilyanne Gregory Lancaster, Kentucky Marilyn Louise Haan Evanston, Illinois The Emily R. Cowan Memorial Prize l~iles i"1aurice fiar.sen Louisville, Kentucky The Ormond Beatty Alumni Prize James Emmett Harrell , III 11ashville, Tennessee , Diane Jiune Havens Clearwater, Florida Alphius James Higgs , Jr . Paducal1, Kentuclty Ensign, United State s Navy Re serve Jerry L. Hi tchel \-lestport, Indiana John Stanley Hoffman,J r . Henderson, Kentucky Sarah Gordon Johnson Owensboro, Kentucky Kay Phillips Evan Jones Charleston, West Virginia *Alber t Charles Journey Bellevue, Kentucky ~Eunjoo Kim Seoul , Korea Roland LeRoy Kimberlin Springfield, Kentucky *Robert Clemens Iv1anchester Paducah , Kentucky Danville , Kentucky Gene t'1iddleton *Ann Davis Nunernacher Owensboro, Kentucky l(atia Papadopoulou Athens Greece Ann Eli zabeth Parker Huntington , \vest Virginia Cum Laude Vera Ruth Peirce Evarts, Kentucky Helmer William Peterson Sidney, Ohio James Macrae Pierce Hopkinsville, Kentucky The Phi Eeta Chi Scientific Fraternity Award The Sally vlarfield Memorial Prize Ensign , United States Navy Reserve Dorssie Lee Preston Corbin, Kentucky Allen Prewitt, Jr . Frankfort, Kent ucky 1 ~ -3- �• . - • ' • • • • • • • ... I • •• • I 1, • • • I • • • • • • • , • �• !~ancy Haskin Ray Clayton, Missouri C~ Laude T~e Gavin Easton Wiseman Valedictorian Prize (Women's Division) Frederick George Reed Danville, Kentucky The i-1ary Murph~, Merrin Award *Hobart Garette Reed, J r . Harrodsburg, Kentucky ~~a. ~ . l Roge1·s Huntington, \vest Virginia ~illian Duncan Rusk Ft. l~t~hell, Kentucky "'01Les Edvrard Russell Pad't.1.cw , Kentucky Eleanor Grace Sabol Coraopolis Pennsylvania Samuel Boone Sanders ,III Stanford, Kentucky Carlos Ralph Sasse Bellevue, Kentucky Bloomfield, Kentucky Teddy Hunter Shehan Geo~ge. P. Sta~ros Asl1l.and, Kentucky Frederick Er1,-1in Stern Milburn New Jersey T~1e Owsle)· Rochester Award ' The Yeager, Ford and vlarren Accountancy Prize Sue kin Stovall Tulsa, Ohlahoma Mar:,' E~ izabetl1 Taylor Winter Haven Florida \Jilliam Maurice Dirk van Allen Gaine sville,' Florida Janet Van Hoose Paintsville, Kentucky Patricia Logan Vincent Ashland, Kentucky Cum Laude The George C. Young English Literature Prize Henderson, Kentucky t Jack Griffin \•;atson Louisville, Kentucky luin Carolyn \-Thi te Ma~chcster, Kentucky Hugh La1-,rence i•lhi te Louisville Dorothy Marie Zipper * + Completed requirements for degree J anuary 1958 In Absentia It was moved, Jeconded and carried that the following students, on recommendation of t he faculty, be awarded the degree of Bachelor of Arts in August, 1958, provided they meet all requirements ~er graduation by that time: Danville, Kentucky Quincie Blevins NelT York, Ne,-1 Yorl{ Alexander Robert Lange Lancaster, I{entuclt:}' 't-lilliam Allen I~evius Hyattesville, Maryland Leroy Algernon Poole,III Moreland, Kentucky Robert Edward Pruitt The Yeager, Ford and Warren Accountancy Prize Danville, Kentucky Calvin Truman Terl1une Henderson, Kentucl{y Fred G. Vogel , J r. 6. Mr. Spragens made the annual report of the President. He stated that it was his purpose to report to the Board ut this ti~e informally ond oro.lly, with the expectation of distributing later to all members of the Board a written report which would be accompanied by the reports of the various administrative officers of tl1e College. He proposed in his present oral report to limit l1imself to an analysis of those issues which seem to be most immediately pressing for the College, reporting actions taken during the year with respect to them, and recommendations for future development. a. Mr. Spragens spol<.e of his concern to see that members of the s tudent body \-Tere encouraged to assume a greater responsibility for the �- .. _ -- _ _r_ - - ------- -- • • • • �• organization and arlroinistration of extra curricular affairs on the campus. He reported that during the course of the second semester with the encouragement of the college administration, the student' body had undertaken to write a new constitution for the s~udent government, and this bas been adopted by the student body on referendum after substantial discussion. The principal feature of the new arrangement involves t he constitution of the Student-Faculty Congress on the basis of representation of living groups , rather than through representation by the heads of the principal interest groups on the campus . b. President Spragens reviewed the substantial needs for greater inve stment in the maintenance of the physical plant, observing that the College's proper efforts to place first emphasis on the improvement of faculty salaries had resulted in inadequate maintenance over the past several years . He reviewed the program for redecoration and refurnishing of the men's dormitories which had been approved by the Executive Committee of t he Board of Trustees in March . He reported t hat a contract had been let for the complete redecoration of the interior of Breckinridge Hall, \viseman Hall, and t-1cReynolds Hall, with the exception of the dining room, and for the provision of new :furnishings throughout the r ooms and parlors of these three halls . The contract is with M artin-Durr, Incorporated, of Danville, and carries with it a warranty of t l1e vrork and equipment for a period of ten years . c. Mr. Spragens spoke of t he importance of the re s idence program i n relation to t he accomplishment of students in their course work. f{e reported tl1e completion of arrangements for the occupancy of an apartment in Breckinridge Hall by Profes sor Cavnes, newly appointed to the History Department, with responsibilities of faculty re s ident of Brecltinridge rlall and adviser to fre shman men. d. The program of student aid wa s reviewed by Mr. Spragens. He pointed out t hat during the coming year more t han $80,000 would be committed for scholarships and grants-in-aid, of which only approximately $25,000 would be supported by scholarship endowments . He expre~sed concern that the present level of student aid was necessarily this higl1, but reported that the entering class of freshmen was requiring proportionately less financial assistance than are the three upper classes . He stated that beginning with t he 1959- 59 academic year, every student rece iving a grant-in-aid from the Col lege was being re quired to find and accept remunerative employment as his first means of self aid. The College is extending its internal program of s tudent employment next year in order to support thi s policy. Exceptions will be made to the work requirement for s tudents carrying heavy responsibilities in extra curricular activities of importance to t he College . e. On recommendation of Mr. Spragens it was moved, seconded and ~lJ.~~ously carried that the following statement be adopted as a brief s t at ement of tl1e admj ssi ons policy of Centre College: "Centre College i s comroi tted to a selective policy of admission. It is our purpose to maintain a wholesome -5- �- ... . _.---- - - ----- - - . _-_ ~ -- • I • • • • \ • • • • • J • • I l • • J • • , • • ' ' • • �24R • environment in which students of capacity above the average may proceed without hindrance to the attainment of superior academic goals . Candidates for admission will be judged in terms of scholastic aptitude, previous academic attainments, and personality attributes giving promise of a constructive contribution to tl1e life of the campus and of potential future leadership in human affairs. No candidate will be arbitrarily excluded on grounds of race or creed . '' 7. President Spragens reported that after lengthy discussions with students and faculty groups of the existing college regulation concerning alcoholic beverages, l1e and the faculty comrni ttee had concluded that the present rule still reuresents the best general policy for the College . This regulat ion prohibits the possession or use of alcoholic beverages anywhere on the campus or in college approved residences . He and tne committee were in agreement, however, t hat the a chievement of fullest student support of the policy might be served by t he i ntroduction of an arrangement under which the dean might waive the general rule for students reque sting it in writing provided they present written parental approval . 1•1r . Spragens expressed the opinion that very few waivers would be reques ted, if any. He also observed that strict limitati ons would apply to the privilege extended under the waiver, that any disorderly conduct would be grounds for expulsion, and that use of alcoholic beverages would continue to be expressly prohibited to all, student and non- student, at all public functions or campuswide social events . He stated that any waiver would be subject t o cancellation at any time . It was moved, seconded and carried that the President be authorized t o arrange for waiving of the regulation against possession or individual use of i ntoxicating beverages on the campus to student s requesting it with the written approval of both parent.:> . 8. It was moved, seconded and carried that a standing committee for t he vloman' s Di vision of tr.e College be created . The meeting recessed at 4:15 P. M . The meeting was again called to order at 9:30 A.M. on Saturday, J une 1,1958. 9. The following reports were received from the standing committees: A. Mr . Logan Caldwell made a report of t he meeting of the Finance Committee held on Friday evening at his home . He reported that our portfolio had been thoroughly reviewed and specific recommendations for changes in investments were made . He reported that forty-five to fi:f'ty per cent of the endowment fund is inve ~ted in common stocks and that none of the stocks held by the College has passed or cut a dividend to date . Mr. Caldwell reported that the Committee recommends that t l1e sum of seventy thousai1d to eighty thousand dollars w ~icl1 must b: raised for capital expenditures and refurnishing of the me o s dormitorie~ be procured by selling bonds now held by the endowment fund and loaninb this money from the endowment fund to tl1e operating fund . The inve s tment in the heating plant of Brecl{inridge Ilall and tl1e other endowment funds already inves ted in capita.l improvements of Breckinridge Ifall are to be amortized -6- �• •• I • -' • • • • J • • • �• over a period of forty years with interest at t hree percent pe r a,onum. The money for refurnishing and redecorating the men ' s dormitories is to be amortized over a period of ten years with interest at five percent per annum. Mr . Logan Cald,,Tell moved, seconded by Mr . Nevin and unanimously adopted, that this procedure be approved of borrowing from the endowment fund not t o exceed eighty thousand dollars . The report of the Finance Committee ,-1as approved. B. Mr. Lanier reported for tl1e r.rominating Committee . He said that ~liss <l uliet Poynter and Mr . Fred \.lachs had requested that they not be reelected to t he Board at the expiration of their terms this year. He also noted that ¥ir. Ben Cregor's term of office as a trustee nominated by the Al11mni Association ended at this meeting. He t hanked all three of the retiring trustees for their loyal service to the College . Mr. Lanier then reported the following nominations for trustees to fill the vacancies caused by the expiration of the terms of the class of 1958: Dr JI I(. Bruce Price, of Lexington, Kentucky, nominated by the U.S.A. Synod, Dr. Frank H. Caldwell, Louisville, Kentucky, nominated by the U. S.Synod; Mr. Robert S. Tate, Covington, Kentuck)·, nominated by the Al\Jmni Association; and the following three trustees for reelection on recommendation of the Nominating . Committee: Hr . Elbert G. Sutcliffe , Louisville , Mr. W P. Caldwell, Danville; and Mr . Lisle Baker, Louisville, Kentucky. It was moved that the report of the r~ominating Committee be accepted, and each of the nominees was elected by the affirmative vote of at least sixteen trustees . 10. On motion of Mr . Diederich, seconded by Mr . Sutcliffe, the following resolution ,,ras unanimously adopted: "v1HEREAS, CENTRE COLLEGE OF KENTUCKY is the fee simple owner of certain real property in the City of Danville, Boyle County, Kentucky, as hereinafter described. and "WHEREAS, the United States of America desires to lease the said land, for U. S. Government purposes, for a term of 50 years , beginning 1 July 1958 and ending 30 June 2008, at a term rental of FIFTY DOLLARS ($50 . 00), payable at the rate of $1.00 per annum, and to construct valuable improvements thereon; and there is now located upon the said land certain building& and,improvements of the College which will interfere with the Government's u se thereof; and "WHEREAS "WHEREA8, tl i s Board considers it in t he best interes t of the College to lease t l1e said land to the United States of America as aforesaid and to remove there~£om all of the existing College buildings and improvements at no expense to the United States . "NOW THEREFORE, BE IT RESOLVED, Tl1at the leas i ng of the followingde scribed property unto the United State s of America, for g?vernmental purposes, for t he term beginning 1 J uly 1958 and e11ding 30 June 2008 at a ter1n rerital of $50.00, payable at t he rate of $1 . 00 pe.r an~um, be and the same hereby i s approved: '' All that certain tract, piece or parcel of land lying and being situate in the Ci ty of Danville, • - 7- �• • • • I J • l • �• 250 Boyle Ccunty , Kentucky, being more particularly bounded and described as follo1-:s: Beginning at a point on the easterly side of Beatty Avenue 395 . 19 feet north of the northeas~ intersection of Russell Street and Beatty Avenue; t hence continuing along t..~e east side of Beatty Ave:iue, :: . 05 ° 00 ' W 200 . 2 feet to the southeast corner of. Beatty Avenue and a drive'\-1ay leading to a parking area adJa~ent to the Science Building of Centre College; t hence r·J 88 47' E, and along the southern s ide of said driveway, 100 feet to a point) thence S 05° 00' E, and parallel with Beatty Avenue, 200 . 2 feet to a point, thence S 88° 47' W , and parallel with the aforementioned driveway, 100 feet t o the POINT OF BEGINNING; containing approximately 0 . 46 acre, mere or less; together with t he right to erect and maintain an antenna pole, approximately sixty feet i n l_ei&-~t, on other lands of the Lessor , at the northeastern corner of it s practice ball field, with all necessary r i ghts of ingress and egress thereto . "RESOLVED FURTHER, That all existing buildings and improvements now located on t ue sai d lands be removed therefrom, without cost or expense to the United States of America, sucl1 removal to be accomplisl1ed and the premises completely vacated within 90 days upon receipt of request from t he United States of America so to do. "RESOLVED FURTHER , Tl1at trie Chairman of t his Board be and he hereby i s authorized and directed to enter into and execute on behalf of Centre Col lege of Kentucky, a lease of the above - described premise s unto tle United States of Ameri ca and its assigns, upon the t erms and conditions hereinabove set forth and upon such other terms and conditions as may be required by Federal laws or r egulations or whicl1 may be desired by the United States of America, and the Secretary of this Board i s hereby authorized and direct ed to attest t he execution of such lease by the Chairman and to affix tl1e official seal of the College thereto . " r 11 . On motion of Mr . Armstrong, seconded by M . Nevin, the following re sol ution vras unanimously adopted: "WHEREAS, Centre College of Kentuclty is the fee simple owner of certain real property in the City of Parsons , Labette County, Kansas , described as follows: "Commencing at the southeast corner of Lot No . 4, t hence wert 50 feet , thence north 90 feet, thence east 50 feet , thence south 90 feet to the point of beginning, in Block 103 in the City of Parsons . "And WIIEREAS Centre College of Kentucky has entered into a contract with 1 Leonard Rude, Jr . , of Parsons, Kansas , for the sale of said real estate to Leonard Rude, Jr ., for the t otal sum of Four Thousand Dollars ($4,000 . 00); and "\·lHEREAS , title to said real estate i s vested in Centre College of Kentucky by tvro separate instruments, one of which designates the College as 'Trustees of Centre College of Danville, Kentucky,' and �- - - - - - --- - -- ----- • , l �251 the other of which designates the College as ' Centre College of Danville, Kentucky, 1 and "vlHEREAS, there i s but O11e corporate body which holds title to said real estate , t he proper name of which is 'Centre College of Kentucky' as shown by Art~cles of Incorporation of Centre College of Kentucky recorded i11 ~he office of the Secretary of State of Frankfort Kentucky, and also in the office of the Clerk of the Boyle co:inty Court at Da~ville, Kentucky, and, WHEREAS the management and control of Ce~tre College of Kentucky are vested in its Board of Trustees; "I~o,-1, therefore, it is RESOLVED that the Chairman of this Board be , and he hereby is, aut11orized and directed to exectlte a warranty deed to the above-described real estate on behalf of Centre College of Kentucky to Leonard Rude, Jr . , and the Secretary of this Board is hereby authorized and directed to attest the execution of said deed by the C11airman and to affix the official seal of the College t 11ereto . " 12 . Mr. Sprage11s reported for t11e Committee on Inauguration. That Committee recommends ·chat this program be held on Tl1ursday, October 23, 1958. It was moved, seconded and unanimously carried that this report be approved and that date be fixed for the formal inauguration of President Spragens . It was t nen determined that the fall meeting of the Board of Trustees also be held on FriJ.ay, October 24, and tl1at Homecoming ,.,.ill be observed on Saturday, October 25 . Mr. E.P. Faulconer was named as an additional member of the Inauguration Committee. 13. Mr. Spragens continued his annual report which was begun on Friday afternoon. He reported on the general academic achievement of the s tudents during the course of tl1e year . He complimented the high standards of the faculty, and reported a general attitude of student pride in and respect for the s tandards established by the faculty. He reported concern, however, over the substantial number of student s wl10 were failing to meet the s tandards of the facult./ and ,vho v1ere accordi.i.1gly being dropped from the College after failing to meet the terms of probation established in earlier semesters . Altogether he reported that 26 student s were dropped at the end of the second semester because of poor scholarship, and that twelve more were being continued on probation with the stipulation that they continue in s1lmroer scl1ool , \nth tl1eir cases to be furt11er examined at the close of s11mroP.r school . These failures seem too numerous in a student body which is selected on arlmi ssion vri tt1 the exoectation of admitting only those students capable of doing the work of' tl1e College . Mr . SPragens observed that aJ.tl1ough the rat io of women to men s tudents in the College is about three to five, and though the aptitudes of men and women students are roughly equal on admission, only three of the 26 s tudents dropped at the end of the year were women . - Although one can normally expect a somewhat higher general level of motivation on the port of the lromen students , it appears tl1at Centre is failing to challenge sufficiently the imagination of its men students or to create the environment most conducive to successful academic achievement. Mr. Spragens eh-pressed the feeling that the first approach to the problem must be on the par·t of· tl1e faculty in examining the means by which it reaches and stimulates tl1e student of relatively low motivation . Beyo.cd this, however, l1e expressed the feeling tl1at the difference in the residential systems on the v1omen, s and the men's campuses had a substantial part to play in the -9- �_· " • ~ - cc - ---- ~- • .... ------"-'------~---= - - ~ - - --- • ' �252 undue disparity between academic accomplishments of the two groups. He reviewed studies undertaken on otr1er campuses which sl1owed the importance of arrangements which would serve to keep student s from falling into ruts of campus life too narrow to be properly stimulating . Vir . Spragens reported that students and faculty alike were agreed that the social life of the campus was too tightly organized around the fraternity houses, and that this mitigated against the possibilities of more effective intercourse among the entire s tudent body. The present residence system also suffers from the fact that it does not place sufficient responsibility on the resident s of the fraternity houses with the exception of t he members of Phi Delta Theta, to exercise affirmative responsibilities in the organization and maintenance of their residence groups. This may be conducive to a degree of self-indulgence which has its effect as well on the students response to the demands of his academic program. There are many facets to the entire question of the residence and social life of the campus, but one thing is clear and agreed upon by everyone. The lack of an adequate center or focal point for the social life of the campus on a college -wide basis constitutes a glaring weakne ss in the facilities of the College, and one which should be early remedied if at all possible. Mr. Spragens expressed his appreciation that the Executive Committee had earlier approved exploration of the possibilities of converting the old BoyleH11rnphrey Gymnasium into a student center, and that iv1r . Nevin's offices had offered to undertake a preliminary study of the possibilities for the conversion of this building into a social and recreational center, with provision also for the addition of a new wing for a swimming pool for the men's campus. Mr. Spragens concluded this report by saJing that in his opinion the student center should have top priority on the program to improve the physical properties of the campus. 14. Mr. Nevin presented sketches for the possible conversion of Boyle- Humphrey Gymnasium into a student union, or student center, building. It was moved, seconded and unanimously carried that the Board ad.opt this project to create a student center for early developm~nt, and it was further moved and carried that the Chairman be authorized to appoint a committee on Ways and Ivieans for this project. Mr . Blazer suggested the possibility of getting permission to shift some of the money pledged to the Fred M. Vinson Fund to this proJect. 15. Mr. Spragens reported tl1at the Board of Directors of the Alumni Association had met on Friday evening and had unanimously approved tl1e cl1ange in the Articles of Incorporation adopted by the Board . While their approval was not required, he reported it to the Board as a matter of information. He said that they had also unanimously approved the plan for discontinuing the alumni scholarships as such. 16. On motion, the fol lowing officers were unanimously elected for a term of one year: Chairman, Ike Lanier; Treasurer, Logan Caldwell; Secretary, Pierce Lively. On motion, the meeting was adjourned at 11:45 A.M. Respectfully submitted PIERCE LIVELY Secretary -10- �... • • ( .. • V _, • • I ... ' .. I • ,. . . • I I r ' • .. I . • • I • • • • • ' • • • r • ,· • ' l • • ' • • .Ii .. • • • • • '► ...• • ... • • �' CHARTER AND AGREEMENT FOR CONSOLIDATION OF CE~JTRE COJ,TEGE OF KENTUCKY AND KENTUCKY COJ.TEGE FOR WOMEN UNDER THE NAME OF " CE!f.rRE COLIEGE OF KENTUCKY" as amended THIS AGREEMENT, made the 9th day of 1'1ay, A. D. 1930, between Centre College of Kentucky, located at Danville, Kentucky, party of the first part, and Kentucky College for Women, located at Danville, Kentucky, party of the second part. WITNESSETH: Each of the parties hereto is a corporation organized and existing under the laws of the State of Kentucky. Centre College of Kentucky was incorporated by an act of the Legislature of the State of Kentucky approved January 21, 1819, and amended by act of January 27 , 1824, by act of December 27, 1824, and by act of February 1, 1839 . Subsequently Centre College of Kentucky and Central University were consolidated under an agreement dated July 16, 1901, which constituted an amended charter of incorporation and is recorded in the office of the Clerk of the Boyle County Court under date of July 16, 1901, in deed book No . 28, pages 491 to 499 . Said charter has been a.mended by certain instr,unents acknowledged and recorded in the office of the Clerk of the Boyle County Court as follows (1) by instrument acknowledged November 6, 1907, and recorded in deed book No . 34, pages 409 to 411. (2) by instrument acknowledged November 7, 1907, and recorded in deed book No . 34, pages 413 to 415 . ( 3) by instrument ackno'\>rledged December 17, 1918, and recorded in Record of Articles of Incorporation, book No . l, pages 66 to 67 . (4) by instrument acknowledged October 8, 1921, and recorded in Record of Articles of Incorporation, book l'ro . l, pages 118 to 120, Each of these documents has been filed for record in the office of the Secretary of State of the State of Kentucky. Kentucky College for Women was originally incorporated under the name of Henderson Female Institute , by an act of the Legislature of Kentucky approved March 6 , 1854. An amendment approved February 6, 1861, changed the name to Caldwell Female Institute and a further amendment, approved March 8, 1876, changed the name to Caldwell Female College. A further amendment, under date of April 13, 1904, and recorded in the office of th~ �• • • • • • • • • l • • • • • • • �-2- C1erk of the Boyle County Court in deed book No. 31, pages 57 to 61, changed the name to Caldwel~ College, and a further amendment, under date of July 29, 1907, and recorded in the office of the Clerk of the Boyle County Court in deed book No .34, pages 255 to 258, ~nde certain changes in the Board of Trustees of Caldwell College . A further amendment under date of the 11th day of January, 1913, and recorded in the office of the Cl erk of the Boyle County Court in deed book No . 39 , pages 387 to 388, changed the name to Kentucky College for \·lomen . Subsequently, Kentucky College for vlomen and Princeton Collegiate Institute were consolidated under an agreement dated February 4 1913, which constituted an amended charter of incorporation and is recorded in the office of the Clerk of the Boyle County Court under date of J une 3, 1913, and re corded in deed book No .40 , pages 166 to 173. All of said amendments were duly executed and recorded as provided by law. It i s believed that the best interests of both institutions will be conserved and promoted by the consolidation of the said institutions on the terms and conditions herein set forth. NOW IN CONSIDERATION OF THE PRE~1ISES AND OF THE MUTUAL UNDERTAKING OF THE PARTIES HERETO, IT IS AGREED BETvJEEN THEM AS FOLLOWS 1. Centre College of Kentucky and Kentucky College for Women shall be and are hereby consolidated into a single corporation to be known as "CENTRE COLIEGE OF KE!'J'"TUCKY" and the said corporation shall be and is hereby located at Danville, Kentucky, and shall maintain its principal office and place of business at Danville, Kentucky. 2. CENTRE COLI.EGE OF KEI~TUCKY shall be vested with and own aJ 1 property, business, credits, assets and effects of said constituent corporations, holding the said constituent corporations harmless against the same. 3. The said party of the first part and the said party of the second part for the consideration herein stated have bargained and sold and each of them does hereby assign , transfer, grant and convey to the consolidated corporation CEfilTRE COT.TEGE OF KENTUCKY all property real, personal and mixed situated in the State of Kentucky or elsewhere, including choses in action, and all interest in such property and all business , credits, assets, and effects of said parties respectively. This transfer and conveyance are made subject to the trusts imposed upon either or both of the parties hereto respecting particular property and are accepted by the consolidated corporation as subject to all such trusts. 4. CENTRE COLLEGE OF KEifrUCKY shall maintain and conduct an institution of learning of the hi ghest order for the education of the youth of the country. In pursuance of said plan, it shall maintain such departments or unit colleges as may from time to time be ordered by the Boe.rd of Trustees, including a college of liberal arts and sciences for young men to be known as Centre College and a college of liberal arts and sciences for young women to be known as Kentucky College for vlomen . It shall have power, vthenever deemed advisable to establish schools or colleges in any special. departments I of learning and to discontinue any such special schools , colleges or departments. �•• .' • t • • ,,. l • .' • • • •• I • ' • • • l • •• . • • • • ' • r • • ' • • .. • • • �-3It may acquire by gift, purchase, or otherwise, and hold and use for general or special purposes real and personal estate, and sell, convey, lease, pledge, or mortgage its real or personal estate, and generally it may exercise all corporate powers conferred by general law upon incorporated bodies . 5. No denomination or sectarian test shall be applied to the admis sion of students, and no religious doctrine peculiar to any one sect of Christjenseb9.ll be inculcated by any professor or instructor . 6-A ( 1) The management and control of CENTRE COTJErzE OF KENTUCKY shall be vested in a Board of Trustees of twenty- four members. Four trustees shall be elected each year by the Board of Trustees. Each Trustee so elected shall serve for a term of six years and shell take an oath faithfully to perform his duties before taking office. At the expiration of the term of each Trustee his place on the Board shall become vacant . No person who has served a full six-year term may be re-elected to the Board of Trustees until ninety days after the expiration of his term or his resignation. Any vacancy existing at the time of any meeting of the Board of Trustees may be filled by the Board. The election of Trustees shaJl be by baJJot and sixteen affirmative votes shall be required for election. A majority of the Board shall constitute a quorum. The twenty-four members of' the Board of Trustees in office on the effective date of this amendment shall be divided into six classes of four members each with expiration dates of one, two, three, four, five, and six years thereafter in order to establish the procedure herein set out . (2) A majority of the Board of Trustees shall be members of either the United Presbyterian Church in the United States of America or the Presbyterian Church in the United States and at least two of such members shall be ordained ministers in either of these churches . No less than eight members shall be al1.1roni. or alumnae of the College • (3) There shall be an Executive Commjttee appointed annually by the Chairman of the Board of Trustees, and approved by vote of the Board. The Executive Committee shall have all the powers of the Board of Trustees when the Board is not in session, except the power to elect or remove the president of the College and to amend the Charter and Bylaws of the College. (4) The Board of Trustees shall meet at least once each year on the campus of the College. 6-B ( 1) There shall be a Board of Curators of CENTRE COI.JEGE OF KENTUCKY comprised of twelve members, one half of whom shall be elected or appointed by the Kentucky Synod of the Presbyterian Church in the United States and one half by the Kentucky Synod of the United Presbyterian �• • • • • • • • L. , • • • .. • i .. • • �-4Church in the United States of America. (2) It shall be the duty of the Board of Curators to meet annually on the campus of the College and to examine the work and condition of the College in consultation with the President of the College. The Boa.rd of Curators shall render a written report on the state of the College to the two Synods and to the Board of Trustees. (3) At any time that there shall be a vacancy in the office of President of Centre College the Board of Trustees sha.JJ consult with the Board of CUrators prior to the election of a President . (as amended s~pte~ber 1958) 7. The Board of Trustees shall have po'\-1er to elect and remove or provide for the election and removal of such officers, professors and employees generally as in their judgment shall ma.ke the work of the College most effective. The Board shall have the right to adopt a Constitution and Bylaws for t he government and control of the College, and :from time to time to alter same. The Board shall have general overoight and control of all affairs of the College , and shall elect a chief executive officer, the president of the College and such other administrative officers as are deemed necessary. 8. The president shall be a member of some Presbyterian or reformed church holding the Presbyterian system of doctrine . All the members of the faculty shall be members of some Evangelical Church, and a majority of them so far as practicable shall be Presbyterians. A course in the Bible shall always be taught in the colleges of liberal arts. 9. CENTRE COJ.JEGE OF KENTUCKY shall have power to confer any collegiate, profe ssional, university and honorary degrees. 10. The corporation hereby created may incur such liabilities as in the conduct of its affairs the Boa.rd of Trustees shall deem to be advisable. The corporation l1as no capital stock, and neither its directors nor any members shall be liable for payment of corporate debts. ( as amended tlovember 1949) 11. The corporation shall be perpetual . 12. This charter and agreement may be amended in the manner prescribed by lav,, provided that sixteen members of the Board of Trustees concur in t he amendment and provided :further tha.t any amendment to paragraphs numbered 5, 6, and 8 of the charter and agreement s hall, in addition ~hereto, have the prior approval of both the Kentucky Synods of the Presbyterian Church in the United States of America and the Presbyterian Church in the United States . (as amended October 1956) �• • • • ,.. • • - ... • • • •• • . .. • • • • • • • • • • • • I •• , • , • • • �• -5In witness v1hereof the party of t he first part and the party of the second pa.rt have caused their corporate names t o be signed hereto and the corporate seal of each to be duly attached to this agreement by the proper executive officers of each and signed by two -thir ds of the trustees of each of the aforesaid parties on this, the day and year first above written . Attest J . A. Cheek Secretary Attest : J . A. Cheek Secretary Centre College of Kentucky By C. R. Hemphi ll President, Board of Trustees Kentucky College for Women By Guy E . \-Ti seman President, Bua.rd of Trustees Trustees of Ce ntre College Trustees of Kentucky College for Women David M Sweets . Henry Clay Read J . Charleton Pelgrim Frederick A. \·J allis vl. L . Threlkeld Guy E . vliseman J . c. vl. Beckham H. S . l'1cElroy Gibney Oscar I.etcher Nelson D. Rodes Will Ward Duffield Charle s W. 1~iilne r R. L. Dudley F . D. Van \-link.le J. R. Cowan J. A. Cheek C. R. Hemphill George A. 1'1cRoberts S . H. I~ichols C. G. Crooks J . A. Cheelt Guy E. Wiseman John E. Wiserna.n M. J . Farris H. S. rlcElroy .Amelia R. Yerkes James Denton J ames H. I.etcher Nelson D. Rodes Margaret R. Moore Sarah Logan Brown Mary H. W Jewell . This text includes all amendments effective as of September 15, 1958. �' • • • • • • • ... l • . • �258 M inutes of the meeting of t he Buildings and Grounds Committee of_the ~a.rd ~f Trustees of Centre College of Kent ucky , Friday, uune .i.3, 1958 , 2 P . Ivl. _ . The following persons ,-rere present for the meeting of the Committee on Buildings and Grounds , W11ic:1 convened in the office of t he Pre s ident: Mr . Armst ronf:, , cl1airma.n, \'1 . P. Cald1vell, Miss Yerkes, and President Spr agens . t,1r . Logan Caldlrell as chairman of tl1e F1nance Comrei ttee ,-ras also invited t o attend and was present . The Committee met for t he purpose of revievring further the proposal for tre reconstruction of the former Armstrong home at 701 West Main Street, wh i ch was referred to the Comnii ttee wi t l1 power to act by the Executive Committee of tl:1.e Board of Trustees on June 6, and to consider other matters . 1. t'1r . Armstrong reported t hat Mr . Nevin had fully examined the propertJ' v1ith tlir . A. 1-l . \-Talker, the contractor, and l1ad reported l1is judgment that Mr . l.·Tallter had adequately a3sessed t he requirements for reha.bili tation of t he building. Mr . I{evin l1ad also expressed th.e judgment that Mr . Walker's esti mate of cost s of $8,883 . 00 ,rould appear to be quite adequate . Mr. Walker was then invited to join the meeting . He reviewed with t _ e Committee the basis fo1-- l1is estimates, and exo:-:essed l... is willi11gness either to take on tl1e contract for repairing tr1e l.Lome on a fixed price basis at the estimated figu.re ($8, 883 . oo), 01~ to do t }1e wor 1< on the basis of actual costs plus a fee of ten per cent . Ile expressed trie ~ope t hat t 11e work might be done for several l1undred dollars less t hari the e 3timate . r.1r . Wall{er tl1en left the meeting . Mr . vl . P. Caldwell expressed t L.e judgn1ent t1iat on tl1is type o f con- struction project it was in t1'1e be s t interest of tJ.je College to have the work on a cost plus basis . he expressed his own confidence that Mr . Walker's estimate 1vas full and complete . After furtr1er di s cussion, i t was unanimously voted to accept Mr . A. W Walker's proposal to repair the home on a cost plus basis, in . accordance with tl1e terms of l1is proposal addressed to Mr . Armstrong and dated t-1ay 20, 1958. President Spragens was directed to conclude t l1e co11tract with Mr . \.J'alker.· It was understood that Ivir . Wa.J ker would be prepared to begin work immediately, and would expect to have the house ready for occupancy by the 1st of September . \ 2. Pres ident Spragens reported to t l1e Committee tl1at he had at this time one bid for t l e inrtallation of 11e,-1 bath1·ooms on the t hird floor of West Hall of t he t-Jomen'.., C0 llege, on specifi cation s calling for a duplication of the facilities developed last year on the tiecond floor . The bid of Mr . H. D. Preston, contractor of Danville, for tl1e entire job was $6, ?liO . 00 . This compares with tl1e contract price for worlc on the second floor last year of $6,763 . 68. Mr . Spragens reported t l1at the co11tractor ,-rho did the ,.;ork last year wa.s not accepting any businecs at tl1is ti me, and tl1ere appeared to be only one contractor in Danville properly prepared to do tl1e job . The Committee sugge5ted tl1at before actio11 is taken, requests for bids be extended to otl1er contractors in tl1e vicinity of Danville and that a further repo1·t be submitted • Mr . . Spragens re]_1or·ted that Ml. Blazer ~1ad indicated his intention of Ulal<ing a further gift tl1is year for t his particular work , comparable in amounts to t l1e gift v1bicl1 he bad made for tl1e same pur1)oses last year . 1 • �.. .. • • •• .. • I • L \ I _. •• • t • • •• • • • I • ., ·, • ' �3. The to repair vrith same manner in that this work 4. Commi ttee approved the recomme ndation that the College undertake its ovm crews t}1is year the east s tand o f Farris St adium in t he wr.1.icl:: tl1e ,rest stand was repaired l ast year. It was esti mated 1.vould cost fourteen or f i fteen l1undred dollars . Mr. S .. ragens aslted the judgments of the Committee on t he desirability of pait1tij,1g the in ~erior "\•!alls of the A111mni Gymnasium. I t was agreec. that the present unpai11ted concrete block ,.,alls are drab and unattr active, and that an effort should be made to get this work do11e during the course of the coming year . I t is estimated that the cost of painting the ,val.ls using the College's labor force vrould be app.1."'oximately $600 . 00 . 5. Mr . Spragens asked the advice of the Committee on the extension of the agreement ln.tl: trJ.e Danville Iiigh School for the use of the stadium by the Hi gh Sc~1ool footoall team for r1ot mol''e -:.han six games each year . It v1as agreed that the proposal to establish a fee of $300 per game, exclusive of the cost of electric pov1e1~ for the light.:; , ,,;as a reasonable proposal, and that it shotud be offered. to the High School on this basis under a two year agreement. The Committee recognized that this fee was based only upon direct costs of rneintene.nce and operation of the stadium ar:d grounds, and incJuded no provision for amortizati on of the College's investment in the stadium and field, or for major capital repairs to the stadium. 6. The need for pa··lin:~ the cri \re and parki:1g p..ren. on t .he north side of the t .. ree main buil0_ ngs on tl1e \·lomen I s campus ,.,as re~~ie,,,ec.l. Mr . W. P . Caldwel l j_ agreed to secure an estimate of cost for tl1is 1,rorlt fl--om Mr. Horky. -2- �• • wI • J ' •• • , ' • t • - , �Minutes of the meeting of the Executive Committee of the Boa.rd of Trustees of Centre College of Kentucky Saiurday, July 19, 1958. 260 Present were Chairman Lanier, Sutcliffe, Logan Caldwell, Armstrong, W. P. Caldwell, Lively and President Spragens. 1. The meeting ,.,as opened with a prayer by Mr. Spragens., 2. ~he minutes of the meeting of the Executive Committee of June 6, 1958, were approved as circulated and the reading thereof waived. 3. ~1r. Arnicar made a report on the condition of the operating fund as of June 30, 1958. This report was received and filed. It was moved, seco~ded and carried that Mr. Arnicar be authorized to borrow from the endo,;-m~~t fund on a short-term basis up to $20,000.00 to be repaid when fees ,11 e received in September . This indebtedness is to be ev:.denced by a promissory note and to carry interest. 4 4. Mr . Logan Caldwell reported for the Finance Commjttee that the work in Craik House is nearly completed but that all bills have not yet been received. The insurance coverage on Craik House was discussed and it was decided that permanent insurance on the house and contents should be taken in an amount equal to 8~ of the value of the real estate and the full amount of the contents. 5. Mr. Armstrong and Mr. Sp~agens reported as follows on the activities of the Building and Grounds Committee: A. It was reported that the Breckinridge Hall renovation i s proceeding on schedule . B. Bids have been obtained for new bathrooms on the third floor of Caldwell Hall and work will be begun after the conferences are over. The Committee bas not yet decided on the exact extent of the work to be undertaken and is still receiving bids. C. Mr. W P. Caldwell reported a bid of $1431.00 for repaving . the parking and driving areas behind the Women's Division of the College. It was moved, seconded and carried that the Commjttee be authorized to proceed with this work. D. On advice of Committee, it was moved, seconded and carried that Mr. Steiger proceed to carry out the necessary repairs of the east side of the football stadium at an estimated cost of $1400.00 to $1500.00 to be paid from the Farris fund. E. At the suggestion of this Committee, it was moved, seconded and carried that plans for minor aJ.terations in Breckinridge Hall to provide on apartment for Mr. and i\1.rs. Cavnes be approved . This ,.,ork is to be paid for out of the maintenance fund in the general budget. F. On recommendation of the Committee, certain minor changes in the interior of Evens House were approved to provide an apartment for • �• • • • Js , . _,.I } ' • . .. )' .• ....•. ·-· ...••• . ' ,, t. .. • ' ·, • • • • •a •-., I. \ ~ I -- • ..,\ I - '1 ~ I ' -· t •• ..~·' . 1 .. ' • .. l • .. J • ' ..: t • .. '• t • • • ' ~ •• .. • I • I. • • • , \ • • I ' •• • • .. . . • • .. ·( .. ., • J ' I •• . • \,, • •• • ... . . • • •: r • .. ' • I • ' ' !• ' • • • I ,. ,, ) . ... I • • • �-2- 261 the Deen of Women . These cost~ are to be paid out of the maintenance fund of the generel budget. G. The Committee report ed that Mr. Walker is proceeding with work o ..::. the re s idence property formerl y owned by Mr. and l\frs . Armstrong under contract entered i nto by the Building and Grounds Committee pursuant to autl1ority granted at t l-1e Board meeting i11 June . Mr. \,]a.] l<er has assw.~ed the Committee that the work should be accomplished within the amount set out in his e stimate. 6. President 3pragens made a report ort the following matters· A. On his recommendation, it was moved, secouded and carried t ~at he be aJthorized to reorganize t he Board of Overseers of the College and merge i~ ,-1ith the Board of Visitor s . Mr . 3praget1s presented a draft of his proposed report to the Syi1ods lThich v1ill meet on tl1e campus in September. This report ,.,ras discussed by the Committee and approved in its entirety. :9. C. Mr . Spragens reported on enrollment prospects f or the coming J'ear . He stated that present indications are tl1at the total enrollment will be just about the number predicted when the preliminary budget ,.,as made up in the spring. The \•lt men ts Di vision will be completely fu.J~ so far as resident student s are concerned , and dormitories on t he men's campus vTill be filled. ~here 1-rill be some vacancies in the f'raterni ty houses . There being no furtr1er bus i 11ess , the meeting was on motion adjourned at 12 · 15 p . m. Respectfully submitted , PIERCE LIVELY Secretary • �• l I . ... .; .i ' . ; ., • -.: •• • ., ' • I" • .. I I ' • 'l \ , I' I • I •• ,: • ,. ' •• • ·, ' •,I I • • • \ • • • .• • • • ' • • I - • I •• ..• • ., .. • ! , • • , •• .. ' • • \ �262 • Centre College of Kentucky Balance Sheet Statement-Oper a ting Fund ASSETS • June 30, 1958 Curre 1t Funds Cash in Bank Pettv Cash Fund 1,836. 56 925. 00 tlotes ReceivablP 3eneral Fund Lichter Lo3.n Ft1nd Accounts ~eceivable 2,761. 56 387 . 65 500. 00 (8,844 . 24 ) Due from (')tl1ar F nrls : Scholarship ~unds- General Fro~ Evans-Surr~all Sch. Fund From Farris fund 2, 145. 22 148 . '?0 11 ,682 .17 13, 975. 89 Deferred De'1ar·tmf'ntal Exoense e, 635. 01 Inventories 16,189 . 90 Prepaid I nsurance 25, 069 . 33 Suspense A~count 36 .12 58 . 711. 28 LIABILITIES Accounts Payable Accrued Salaries & 1ifages Federal Taxes Withheld T. I .1-\. .A, Salary Sa vinps -~i thhe ld flospi tali za tion Insur ance Socia l Security Ta xes \ i tlilield State Taxes Withheld Sorrovred ~.toney 1 1,374. 76 20, 031. 89 6, 267 . 12 33 . 34 126. 88 267. 52 1,131 .33 1,699. 71 56,500. 00 87,432.55 Due other F\1nds 2, 150. 69 Due to Prize Fund Due to DKB Honse Fund Reserves 11Iiscellaneo,1s Research Program Gifts for Designated Purposes 76.63 734. 76 6, 3li3 .17 2, 150. 00 ~oo.oo Lichter Foundation-Student Loan Fund Sur plus- Deficit Accou nts Accumulated Operating Deficit Opera ting gain to June 30, 1958 9, 227 . 93 99, 987 . 80 78, 087 . 85 36, 811.33 41 , 276 . 52 58,711.28 .. �• , • ' • • • t • • • • �.. . CE.IT?.E COLLE(jE OF K ':NTUCKY Sta ten1ent of Income Onera ting }'und EDUCn. TT'lt AL 81. June 30, cz:;EfuiJ.1 IflC011E Sturient F~i:,s Tui. tio11 Fees Other Fees -·- ~ ------ EndoV71llent- Income L' 11alloca ted Endowment Real .Estate Income Unrestricted Restricted Endo, ment Gifts and Gra~ts Church Boar d and Churches Li,ri }lf. S11do·".111ent ( J ifts ) Special G.i.ft. Fund Alumni F,md v~~Jtional G1 1idance (.rrar1ts- Research , etc . 261, 036. 25 4, 200. 25 64, 933 .33 4, 548 . 50 2}~ , 523 . 26 L.0, 226.64 20.1-~30. 31 10, 450. 00 16~746$35 7, 193 .63 16 . 700. 00 Othar Sources Auxiliary Enterprises Residen"e. flal l s -Wome n Residence Hal1- 1r1iseman Residence Hall- McReynolds Residence Hall- Breck Centre 1.rille Dining Hall- Men(net) Dining i-Iall- 1-·omcn(ne t) T... c.1. Room(ne t) CoffAe S'1op (net) Bookstore Intercollegiate Athletics Student id G ifts Endowme nt Total Income 1958 94, 005. 09 111, ?~6. 93 5, 228 . 24 26,220. 07 5, 535.00 3, 67? , 02 14, 691 . 25 5, 273. 92 3, 081.43 6,656. 62 115. 31 231.53 30, 913 . 47 11, 2o6 . So 107 , 602 .12 • 7, 785. 53 17, 166. 28 24, 951 .81 608, 770.69 �• • • ► • • •• l • �... CENTRE COLL EGE O KE~JTUCKY F Stat ement of Expense Operating Fund Gener al Admi nistr ation Presider1t i s Office Business Office Treasurer ' s Office Dean of Faculty Board of Trustees June 30, 19.58 24, 523 . 30 11, 442 . 24 4, 916. 22 5,678 . 04 103 . 61 46, 663 . 41 Student Services Re gistrar's Office Dean of Student's Office Dean of Wome n I s Office Health 3ervice Stude11t . !.ctivi ties Vocational Guidance Bus Service 4, 989. o6 2, 922 . 86 4, 230. 36 4,980. 53 4, 881 . 42 5,660. 75 2,244. 04 Staff BenPfi ts General Institutional Expense General Alumni Office Public Relations Communications Publicity Office • Student Promotion & Admissions Instructional EXEense Departmental & General Library Opera tions & Maintenance Auxiliarv Enterprises Residence Halls-Women Re sid0nce HalJ.-Wi Geman Resi dence Hall-McReynol ds Residence !fall- Br eck Centr eville Bookstore Intercolle~iate Athletics St11dent Aid Annuitios Total Expendi t ures Gain at June 30, 1958 12, 130. 25 16, 154. 80 8,586. 41 4, 716. 01 ·1, 215.69 19, 323.16 177 . 068 .45 17, 706.35 74, 985. 84 62, 126. 32 269 . 160. 6u 15, 369 .41 2, 409 . 03 1, 272 .16 9, 7}~5. 31 5, 85? . 56 26, 936 . l,3 15, 072 . 23 76, 657 .13 68, 780. 86 2, 500. 00 571, 959 . 36 36, 811 .33 608, 770. 69 �' t .. • • • I • • • .. • .,. • • • �Minutes of the meeting of the Executive Commjttee of the Board of Trustees of Centre College of Kentucky, Saturday, August 23, 1958 Present were Chairman Ike Lanier, L. Caldwell, \11. P. Caldwell, Don Campbell, E.G. Sutcliffe, John R. Gosney, and President Spragens. The meeting was opened with prayer by Dr. Gosney. r1r. Dr. Gosney was appointed temporary secretary in the absence of Lively. The minutes of the last meeting were accepted as mjmPographed and distributed. Communications were received from the SYNOD SCHOOL FOR IE.ADERS expressing appreciation for the use of the facilities of the women's campus for the School held from July 13-19. President Spragens reported that the 1959 Conference Schedule was still under review and that he would present this at a subsequent meeting. The case of the will of Dr. William M. Rush, in which Centre is a residuary beneficia.ry,was discussed as it related to an interpretation of the will v1hich would allow funds designated for a medical student to be used for a student in dentistry. It was agreed that the trustees will not object to this interpretation by the Louisville Trust Company, though it wo1.l.ld not be endorsed. President Spragens asked advice regarding an invitation which he has received to be one of the participants in the Central States Assembly at Bloomington, Indiana, October 2-4, 1958. It was agreed that the trustees felt it wise that President Spragens attend in the event that be found that his schedule would allow it. Arnicar, Business Manager, presented a verbal report since the auditors are at work preparing the annual report. An eleven month's s1 uo1t1ery shows an excess of income over expenses of $9,786.46. The accumulated deficit at August 31, 1957 was $78,087.85 plus the deficit in the Farris Fund of $5,730.98, or a total deficit of $83,818.83. The gain shown in the last eleven months of $9,786.46 would leave a present accumulated deficit of $74,032 .37. li1r . The trustees voiced unanimous agreement with President Spragens• observation that Mr. Arnicar should take a week or ten days vacation at once , especially in view of the heavy load which he has carried a.11 through the s timroe r. l4r . Loban Caldwell presented t he matter of the renewal of the lease on the Fayette County farm. The Board was not of a mind to rent for more than one year at a. time . Mr. Lanier is to confer with Mr. Nathan Elliott and advise Mr . Caldwell . It was moved and carried that a loan from the endowment to the plant fund be made so a s to pay the final bills on the Craik House. The available �l • • . -' • • •• • ' • • • • ., • ' • • ' • �.. -2- undesignated funds are to be used in so far as possible and these and other funds used to repay the endo,vment as rapidly as possibly. On receiving a report from the Buildings & Gro,,od s Committee, 1t was moved and carried that Horky & Nicholson be paid $2121.70 for surfacing the tennis courts. In connection with the previous action of the C0mro1ttee in authorizing the sum of $1627 for surfacing behind the buildings of the women' s campus, it was noted that a trustee had donated $200 toward this work and that Horky & Nicholson bad donated $360 of additional work to that originally scheduled . It was requested that a letter of appreciation be sent them. Mr. Lani.er expressed appreciation to Mr. W. P. Caldwell for his work in this resurfacing project. Mr. W. P. Caldwell agreed to get an estimate on the black topping in front of the Hangout. It was reported that the Armstrong House renovation is progressing as expected and is being plastered. The work on Breckinridge Hall is progressing only slightly behind schedule . The shower in McReynolds has had to be torn out and the · pan r eplaced . President Spragens reported that 431 resident students a.re enrolled at present , and that 440 are projected by Dean Heck and Mr. Frazer. It was noted that more than 130 applicants did not meet the standards tor admission. About $9,000 has been saved from the projected budget for student aid appropriations. Five candidates are to be handled by the Rogers Trust amounting t o about $10,000. Mrs. Rogers has added about $16,ooo to the Trust. Grants and loans a.re both now available. President Spragens presented the needs on both the women's campus and t he men's campus in kitchen and dining room equipment and table service, amounting to about $6,500 on the men's campus and $5,000 on the women's campus . It was s tated that about $4,500 is now available in :funds for this equipment on the women's campus, and about $2,200 on the men's campus. It was moved, seconded and carried that President Spragens establish priorities of purchase and that he be authorized to purchase within the limits of the funds available af'ter interest and amortization. Appointments were reported by the President and approved as follows: Mrs. A.H. McChord of Lebanon, Ky., as housemother for Beta Theta Pi; Mrs. Katherine Nichols a s co-ordinator of interior decorating on the campus. It was approved on motion that a fixed total sum of $12.00 per student be set aside for student activities, appropriated to the StudentFaculty Congress for their guidance in its spending. President Spragens reported that no lump sum will be turned over to any student activity or the Congress, but that bills would be paid by the Business Office as they are presented and approved by the Congress . Changes in the insurance schedule were approved as follows: ... �... ' .. )( ' i ' .. J • • • .. J .., ._ • .I. • .. \ r t .. .. • .. l ' ) • • • ' • • • - ' • l t • ' C t I • • • .• • ., ,. • ) • �-3Present Library contents $128,000 12,000 Breck Hall contents O Centre contents ld 8,800 Wiseman contents 5,600 12,800 McReynolds contents 40,000 Hillcrest 40,000 Craik House 2,000 Craik House contents 16,000 Centreville 36,000 Acheson & Morgan contents 5,600 Women's gym-contents 2,000 M aintenance shop Proposed Change Increase Decrease $12,000 20,000 6,200 4,6oo 2,200 $10,000 40,000 18,000 16,000 4,000 $107,000 31,600 $75,400 3,600 2,000 $31,600 The inaugural plans were le:rt to the discretion of President Spragens and Mr. Sutcliffe, chairman of the Committee. The Executive Committee discussed the need for further development of the committee structure of the Board of Trustees. President Spragens reported that he had discussed with Mr. Ianier and Mr. Logan Caldwell the need for a trustee committee to be concerned with total fiscal policy and development plans. They were agreed that the Fina.nee Committee, which bears the heavy responsibility of administering the endowment funds, should not be asked to embrace these additional duties. It was their suggestion that the name of the Finance Committee be changed to Investment Committee, and that a new Committee on Finance and Development be created in place of the Budget Comm1.ttee. This new Committee would have responsibility for the review of all budget matters and also for the projection of long range fiscal policy and for developing programs for meeting the financial and physical needs of the College. It was also suggested by President Spragens that a Committee on Curriculum would be helpful. After discussion, it was voted unanimously that the name of the Comm1ttee on Finance be changed to Committee on Investment, that a Committee on Finance and Development be created in lieu of the former Budget Committee, and that a Committee on Curriculum be created. Mr. Lanter then announced appointments t o committees for 1958-59. It was noted that the Executive Committee would be comprised of the officers of the Boa ,•d and the chairmen of the standing committees. The appointme11ts o.re as follows · EXEClYl'IVE- Lanier, Lively (Secy.), Armstrong, Beker, L. Caldwell, W. P. Caldwell, Campbell, Gosney, Sutcliffe, Van Winkle. INVESTMENT- L. Caldwell, Baker, Ewing T. Boles, Lanier, Lee, Lively Sutcliffe. �• • ... • • ' • • '. • • • • • \ • . .. ' • • • , , • •• • • ' • • ' • • • \ ..... • • l • .. • I f • • • • • • .. ' • • • ♦ • , I • • .. �-4FINANCE & DEVELOPMEilT- Sutcliffe, Baker, Blazer, L. Caldwell, Campbell, Nichols, Rogers, Tate BUIIDThTGS & GROUNDS- Armstrong, W. P. Cal.dwell, Faulconer, Nevin, Yerkes. CURRICULtnvi- Gosney, Benfield, F. Caldwell, Diederich, Price, Rogers. WOMEP' S COLJEGE- W P. Cald1-1ell, Chaney, Sutcliffe, Yerkes. . FRA'1'RIDT ITIES- Van llinkl e, Armstrong, L. Caldwell. ATHIETICS - Armstrong, Campbell, Tate, Van .Antwerp. HONORARY DEGREES- Beker, F. Caldwell, Van Antwerp. NOi~ATIONS- Campbell, Baker, F. Caldvell, Lanier. The next meeting of the Executive Committee was set for Saturday, September 20 . Respectfully submitted John R. Gosney Acting Secretary �• • • \ • .. ... �I Minutes of the meeting of the Executive Committee of the Board of Trustees of Centre College of Kentucky Saturday, September 20, 1958 _Present were: Trustees Logan Caldwell, W. P. Caldwell, Van Winkle, Sutcliffe, Baker, Gosney, Armstrong, and Lively and President Spragens. 1. The meeting was opened with a prayer by Mr. Gosney. 2. In the absence of the Chairman, ~1r. Sutcliffe was unanimously elected Chairman Pro Tem. 3. The minutes of the Executive Committee meeting of August 23 were approved as circulated and the reading thereof waived. 4. Mr. Arnicar made a brief oral financial report. 5. The Treasurer, Mr. Logan Caldwell, reported on the following matters: A. It was reported that the tenant on the Fayette County farm owned by the College had died during the year and that his son desired to lease the farm from the College. It was moved, seconded and unanimously carried that the Treasurer be authorized to lease the farm on a year to year basis on the best terms available with a further provision that he be authorized to ~aka a fiveyear lease if such lease could be cancelled by the College on thirty days' notice either upon the sale of the farm or the lease of the property for nonfarm purposes. B. Mr. Caldwell reported that the $lO,OOO.OO loan from the Endowment to Operating Fund authorized at a previous meeting of the Executive Committee had been repaid in full. 6. The following committee reports were received. A. Mr. Logan Caldwell reported for the Investment Committee and recommended that the Ford Merit Grant be reimbursed by the Plant Fund in the amount of $4,263.68, which was the cost paid from the Ford Merit Grant for new bathrooms on the second floor of West Hall over and above the gif't of Mr. Blazer in 1957. He further recommended that an additional amount by which the cost of the new bathrooms on the third floor of West Hall exceeds the gif't of Mr. Blazer for 1958 be paid from the Plant Fund and that both of these sums be added to the loan from the Endowment Fund to the Plant Fund authorized on April 19, 1958 for refurnishing the men's dormitories. He further recommended that a $5,000.00 specific bequest in the will of John White, a $1,000.00 specific bequest in the will of William Stodghill, and the $1,000.00 specific bequest in the will of Theresa W. Grant be used to apply on the cost of rebuilding the President's Home and the tennis courts which are non-income producing property. These bequests have been used temporarily as endowment but were not designated as such in the wills. It was moved, seconded and unanimously carried that these recommendations be adopted as the action of this Committee, and it vas further resolved that the President execute on behalf of the College an interest-bearing note • ' ., �...- - .- ... ... J ( J J 1 • f.. • ... .. • .. .. 'I • - 1 , l. • • .. • . \ • \. ' l- • ' • c, f • q. "( l 'l .. •• r J • • ;,.: • • . ~ • ! .• ., r~ ... • ., ,r !.. . ..., .. • ' -- • "' I :. ~I l • -r ( .. • t t -· '1 .j .,. • • • ... • . ' l J • "'· • .. -4 ' .... J' • \ r ... • > ' ... V • I , •• • • • • ... J ' •') { • • L '- •t:i;..i ' v • '" • • .. ' • .. .. r 1 (' • ., t • , r f J • J I J ),l • 1 • • J ... , ,. l ,. I I I ;;,I • • l r • • • J • • J • J ... J • • • • • J r • • '' J t • • J , • • • • JI ' • • \ • • , .. . •• • • • • tf l • t t • , • u • • •• • < J. • • .... I.,, .J .. • • ...., • -. \ • ., . �270 -2- payable to the General Endowment Fund for the amount necessary to complete payments due on non-income producing facilities. B. Mr. Sutcliffe reported for the Committee on Finance and Development that this committee has been working with Mr. Frazer and after further meetings will make a comprehensive report to the Board of Trustees. C. Mr. Armstrong reported for the Committee on Buildings and Grounds that the work on the President's Home is completed except for a few small finishing touches. He stated that Mr. Welker is progressing with his work on the former Armstrong property and that the work on the women's campus as well as the work on the stadium bas been completed. The swimming pool at the ~~men's campus has been opened end is working successfully,and the redecorating and refurnishing of the men's dormitory is completed except f'or a few odds and ends • 7. The President reported to the Committee on the following matters: A. A letter of resignation f'rom the Board of Trustees of Dr. William A. Benfield was received by the Committee and accepted with regret.• B. It was reported that the amendments previously ad.opted to the charter of the College were approved by both Synods and have been filed for • public record as required by law. C. The enroJJroent of the College as of this date is 433 full-time students including 159 freshmen compared with 143 last year. All dormitories are full and with present facilities the student body is at about the maximum. D. It was reported that a revised budget will be completed and available at the October meeting. E. Mr. Spragens reported that insurance premi11ms on our fire and casualty coverage have been reduced and that this results in a substantial . refund for the current year with savings in future yea.rs on an increased coverage basis. F. On recommendation of Mr. Spragens, it was moved, seconded and carried that this Committee declare that the persons occupying the following positions with the College be required to live on the College campus: President of the College, Deen of Women, Dean of Students, Superintendent of Buildings and Grounds, Faculty Resident of Breckinridge HaJJ, housemothers of men's dormitories and fraternity houses, and secretary to the President. It was further moved, seconded and carried that the salaries of Professors Ellis and Winsor be increased by one hundred dollars per yea:r to compensate them for changing their tax status as occupants of College housing and that the salary of Dean Mary Sweeney be set at $6200.00 per year and that she be furnished an apartment on the women's campus. 8. A preliminary draf't of proposed bylaws of the College was presented by the President and Secretary. It was agreed that a sub-committee would be appointed to consider bylaws end report to the Executive Committee at a meeting to be held on Friday, October 24, prior to the full Board meeting on tbat date. It was the consensus of the meeting that the trustees sbt>1ud • • �\ .. • - - .. • •' ' • •• • "Jl l' • ,._..., fo r ., ' • _. • ~ r ''"'7[0' V • J • I • f - 13. .. (f•) • • • ·~ - .a. • 'i ' .,. • ' J • ' f - ' •' • I J ... ... • l " , . .. J.: -r ,I ,.. - " • - !, • ' ,. " - J.. r .. • L. " • ,.i,. • ... • l • • • .,..) • ' .. ... • • .. J ·i \ t - • • .. ":I • ·-r. ..... - I .. .. • • . .. , • • "l .. \ I '• >. • t ' ., 'J ) • 1 ) .... I ~J , •• • J • ... • J.., • _.._ . : • • r f • ., \. • J . r \..i .c •• "' \ C r .1 • • I) (' ~ - • ~'- L. 0 .., t .. J • j • .. j ( ' - ~ .l • • .. t" ... .. ) t .. . '- • ~ • ) (._ • ') ~ :£ ~ ' • ... • • ·~ .. ,v • \, • j . .,, Q ... J r: 0· f.. • -• ... N • 1:..· l tL V" 0 .... ..J ,r • • t s • • f ' • • • ,(' 1 • .. ~~ f I • '-¼ r.; --..! !'1 • . .., • ·~- J .. l ·- ~ • • v -, ., • • f- ., -- • )t)' ) ";,i ... ,. . { ("-. ) ,J.. ,....,._, ,j • r r ... . 0 • f -'=' 1 f. T .. .:.' .it 1: • t • .. I • , • _j " [o ( ~.n - .... iJ .d ' , • r .;J .J. ~ :,;ii C. • •• 't 1 <. ~ .. .uo...i '. c· ~ j ''J. 1) i f .. .... '-• ~ • i • - - l .) • o·t .c r • • • r • ... () .) j • • • .... l: J.. .. • • :; • • ' • .. , " • ! J • ... . - .. ~ • , 4' • ,, • .. •• • • . ') , • r • i • • • • '"'I ,. I rf,. • • , • r:J tJ • • I ~ J > 1 , .... ' ' l 1.1 f .. I .I. • I w ' f;. J , .... ( I J ~ , • • J • • ...... . l '• • • • I • • • ' • I t:' ...• , • • • J I ... , f f ., • • • ., .. [ • • ~ 1 • • J J r r �271. -3meet both on October 24 and October 25 in separate meetings to permit two r eadings of the recommendations on bylaw amendments. On motion the meeting was adjourned at 12:00 P. M . Respectfully submitted, Pierce Lively Secretary �J . • • • ... 1 f \,, ..r • • . ' 'I .. • \ • • l • .. • , • • �272 Minutes of the meeting of the Executive Committee of the Board of Trustees of Centre College of Kentucky Friday, October 24, 1958 The meeting was caJJed to order at 1:00 P. M by the Chairman. and . opened with a prayer by President Spragens . Present were Chairman Lanier, Armstrong, Campbell, Logan CaJ.dwell, Van ,-Tinkle, Baker, \·l . P. CaJ.dwell, Gosney, Lively, and President Spragens . The special committee on bylaws presented a proposed draft of bylaws of Centre College of Kentucky. After discussion by the Committee, it was moved , seconded and unanimously carried that the Executive Committee recommend to the full Board of Trustees the adoption of the proposed bylaws as presented by the special committee . 1. The Committee then discussed the question of the necessary reorganization of the Board of Trustees in order to carry out the ne,., charter provisions for six- year terms of office . A report was received from a special corrrnittee appointed by the Chairman in which a recommendad reclassification of the Board of Trustees was presented . Af'ter discussion, it was moved , seconded and unanimously carried that the Executive Committee recommend to the :full Board of Trustees that it adopt the recommendation of the special committee for reclassification of the Board of Trustees as follo,vs: 2. Class of 1959 John T. Diederich George F. Lee Don A. Campbell John R. Gosney Class of 1960 E. P. Faulconer Pierce Lively Norris .Armstrong Paul G. Blazer Class of 1961 Henry Nichols Hugh L. Nevin Mrs. Carl Chaney Logan Cald,-1ell Class of 1962 Robert S. Tate Frank Caldwell H. Bruce Price J . M. Van \-Tinkle Class of 1963 Ike Lanier T. Hunton Rogers Howard Van Antwerp, Jr. Miss Amelia Yerkes Claes of 1964 Lisle Baker,Jr . W P. Cald,ve 11 . Elbert G. Sutcliffe Vacancy �.... .' ·J •• • • ' • • . ') .. .• I '1 • • • , •• • • • • • • • �, - 2- 3. Mr. Arnicar, the business manager, informed the Committee that it would be necessary to borrow money from the local banks sometime during the month of November . On his recommendation, it was moved, seconded and unanimously carried that the following borrowing authorizatiombe made: That the Business Manager of Centre College of Kentucky be authorized to borro,-1 for operating purposes up to the sum of $50 , 000 . 00 . This authorization is to expire January 15, 1959. That the Business Manager of Centre College of Kentucky be authorized to borro,.-1 for operating purposes up to the sum of $23,500 . 00 . This authorization is to expire January 15, 1959. There being no further business to come before the Committee, on motion the meeting was adjourned at 2:00 P .M. Respectfully submitted, PIERCE LIVELY Secretary �• I • �M inut e s of t he m eeting of the BO ARD OF TRUSTEES of Centre College of Kentucky Friday, October 24, 1958 Present were Chairman Lanier , Mrs . Chaney, Miss Yerkes , Messr s . Armstrong, \·1 . P. Caldv1ell, Tate , Campbell , Nichols , Diederi ch, Baker , Rogers, L. Cal.dwell , Blazer, Van Antwerp, Van W nkle, Fo.ul coner , Gosney Nevin i Sutcliffe , Frank Caldwell, Lively and President Spragens . Trust ees not in attendance ,- ere Messr s . Lee and Price . , 1. The meeting vras opened with a prayer by Dr. Gosney. 2 . Mr . Lanier then welcomed new trustees , Robe r t Tate and Frank Caldwell , to the Board and the oath of office as trust ee of Centr e Coll ege was administered to each of the new trustees . 3. The minutes of the Board meeting of June 6 and 7, 1958, were approved as circulated and the reading thereof waived . 4. The minutes of the meetings of the Executive Committee , July 19, August 23 , September 20 , and October 24, were approved and the readi ng thereof waived . 5. President Spragens reported to the Board that the charter amendment previously adopted by them at the June meeting had been ratified by both Kentucky Synods of the Presbyterian Church . He further reported that follovring this ratification the amendment was filed with the Secr etary of State at Frankfort on September 11, 1958, and with the County Clerk at Danville , as required by law . 6. The question of the proper reorganization of the Board of Trustees to implement the new six- year terms as provided in the charter amendment was discussed . The Executive Committee reported its recommendation for reclassification of t he Board of Trustees as shown in the Executive Committee minutes of this date . After further discussion it was moved, seconded and unanimously carried that the Board of Trustees be divided into six classes with terms expiring as follo,- s : r Class of 1959 John T. Diederich George F. Lee Don A. Campbell John R. Gosney Class of 1960 E. P. Faulconer Pierce Lively Norris Armstrong Paul G. Blazer Class of 1961 Henry Nichols Hugh L. Nevin Mrs . Carl Chaney Logan Caldwell �.. • •• • • • '' • ' I : •• • • .. • • • • • • • I • ' ' • , . • • • • • • • �- 2- Class of 1962 Robert S. Tate Frank Caldwell H. Bruce Price J . M. Van \>link) e Class of 1963 Ike Lanier T. Hunton Rogers Howard Van Antwerp , Jr . ~liss Amelia Yerkes Class of 1964 Lisle Baker, Jr . W P. CaJ.dwell . Elbert G. Sutcliffe Vacancy 7. The Executive Committee then presented the proposed draft of the bylaws of Centre College as they had been previously presented to the Executive Committee by the special committee . The Secretary gave notice to the Board of Trustees that these proposed bylaws would be presented for adoption at the meeting of the Board of Trustees to be held on October 25, 1958. A copy of the commjttee report is attached hereto and made a part of these minutes . 8. motion duly made and seconded, Mr . Elbert G. Sutcliffe was w,a.ni mously elected Vice Chairman of the Board of Trustees . On 9. President Spragens conveyed to the Boa.rd of Trustees the resignation of Dr . William A. Benfield from the Board . This resignation was accepted ,nth regret and with remarks of appreciation by the Chairman for the services rendered to Centre College by Dr . Benfield. 10. Mr . Lisle Baker, for the Nominating Committee, was called upon to me,ke a report . The Committee placed in nomination the name of Mr . J . McFerran Barr of Louisville, Kentucky,to fill the vacancy created by Dr . Benfield's resignation. After discussion it was moved, seconded and carried that the Board accept the recommendation of the Nominating Committee and thereupon more than sixteen votes were cast for Mr. Barr as a trustee in the class of 1964. The ann11al report of the auditors was presented to the Board of Trustees and discussed . On motion made and seconded this report was received and filed . 11. 12 . The Business Manager then reported to the Board. This report consisted of comments on items contained in the audit report and answering questions directed to him by members of the Board . The report of the Business Manager was received and filed. 13. President Spragens was then asked to make his report to the Boa.rd . It was noted by the Chairman that President Spragens had ass11med his duties on November 15, 1957, and that thus nearly one year had passed since he had ta.ken over. The Chairman commented on the great progress that had been made by the College during this year and expressed the appreciation of the Board for the outstanding leadership which Mr. Spragens has brought to Centre College . �• • ,. I • • ., \ .. r ~ J. • ... \ '' • .. .. • • .. . ' J'' .. ... ' . \ •\ • ' l • t •• I • • \ . .. -·,.. .... .., l - • I. " •• • • J • • • I •I • •• • ' ~· ;. ~ ~ •• I. • • ~ - I • • ,. v· • 1 LJ 11 . • • \ I o • J l 1 I • • ... • • I ;,1 • J , - J • I ' l • -. •• J I• .1 ~ • I • • .. • I - • • j •• . • - • I .f ~ • • , • I l 'l • \,) • • I I • ,~! "\.--: • • .J • • • • I I.I , •I • J . ' • • •• ~ ,. .. .. • • ' " . • I... . -. ;- • •• ' "'. • • •l • • • .. t I r, I • ,.I •• -~ ,,.. • ' .J' ; I ...• ·, .... • ._ I •' •• • ' • . r. • • ,, (. •• ... • .. .... • .. 'J ~ I • • • \ • I • • ' ., ' •• • • • �-3- Mr. Spragens reported on the present state of the College , reviewing our greatest assets and bringing to the minds of the Board a number of problems ,,, hich fac e the College in the near future . He raised certain questions about iroroPdiate fiscal problems of the College, and long range planning for the Collee;e, and stated that these v1ould be discussed in further detail at the meeting on October 25 . A copy of his report is appended to these minute s . On motion duly made the meeting ,,,as adjourned at 4: 30 P . M . Respectfully submitted , PIERCE LIVELY Secretary �• I •• \ .. ' I ~ . • .• •"( l • • I • • • . . • • • .. . - • • • ., .. "' • •I ". • • .... • .• , . • ~ • ( • • , • 'I •, ~ , • • • . ... • • r.'. ••• , • • ' ••I • I •• , .' I • . • • • • • �October 23, 1958 CENTRE COI.J,EGE - STRENGTHS AND l\JH:EDS Centre is now in its one hundred and fortieth year as an institution of higher education. Its service bas been continuous since the first entering class was received in 1820. Over these years the College has grown in strength, and has served the state and nation well by virtue of dedicated and able leadership of a continuing line of trustees, officers and faculty members. Now, in 1958, Centre stands in a position of recognized leadership in liberal higher education in the region we serve. The opportunities for exercising that leadership are great, but the accompanying obligations and require ments are substantial. A brief survey of the College's assets is convincing. Perhaps the most valid index is the sum t otal of the accomplishment of its a1,1mni., though it is difficult to measure precisely. We can fairly say, however, that general public opinion credits Centre with having sent out an unusual number of graduates of superior character and accomplishment. O FACULTY UR The stability and quality of a faculty are, of course, a substantial measure of the strengt h of any educational institution. In this respect, Centre compares more than favorably with the average undergraduate faculty in America. The following tabulation is relevant . • Profes c;ors Assoc5.ate Prof e ssor s Assistnnt Professors Ir:q+ ru.ctors Toi;itl N~ber of Ph . D.degrees Full-Time Part-Time 14 8 10 4 3b 18 0 The average length of service of full-tin:e members of the Centre faculty is in excess of t en yerx s The stability of t he faculty is :further indicated by the fact that last yea-:- 011ly one r esi~nat.i on ,-1as received. Two new persons were appointed to regular positi ons in tbe faculty for the current year, both of whom hold the Ph .D. degree . One of ~he new appoint m ents is t o t he rank of Associate Professor and the other to the r ank of Assist ant Profe ssor. O ne additional appointm ent ha s be~n made on a te~porrxy bani a , r eplaci ng an instructor on leave of absence for. J.;l1e year for s+.ud.y e.l>r oo.d.. By virtue of a cont inui.cg concer n of -'vhe t.:custces f-:>r m aintaining ade quate salary levels for the ::'r1ctlty, Cen·tre 1 nn m.Ci.'1~ fj_ s·trides dt,ring i·ecc~nt ;oe years in increasing its sa.lar.y schedules . Toe ,;i t~":'f=' n-:. pos:i.. ti.on of t:1e ~ollP.t,e 1s r e fleeted by the f ollowing r.omparisons o..-: :r..- P..n A."".J ~ ... F.ge ~a la.r:: es to; t .:1.e ~<. v.'t' academic ranks at Centre w1 t'1 the national ,3. ; "'""~", 0f 1 )1. privat e l i Je~r..l nJ"'t 3 colleges. It should be observed that the Ce:1:t,:r~ f:tg rrcs are f or t .ae ct'i"r e-n·;; academic year, while the national figures are f or l ~s t year, the l at est avaiJ a ble data. , �' • •• .' ' ,. .., ' • • t .. , .. • .J .. I • ' .. : •J ~ • • \ • ' • • • • • r • • ' • • •t, • - • ,I • t \ • • • .. l • I • " I J • ... ~ • • • • • • ' '• • • [ ' • �,.. - 278 Centre Mean 1958-59 Professor Associate Professor Assistant Professor Instructor $6,562 . 00 5,633.00 4,933 .00 4,400.00 National Mean 1957- 58 $6,540. 00 5,440. 00 4,760. 00 4,110. 00 OUR STUDENTS A third measure of the quality of an institution is in the capacities of the student body it attracts, and in the selectiveness of its admissions processes. Centre has historically followed a selective practice in admission and has in recent years been continually raising its standards of selection . ' The use of College Entrance Exa.mi nation Board aptitude tests for the past three years bas been of material assistance in this process. The most recent measure of Centre's admission policies and of the quality of t ..1e student body is reflected in t~1e follo,-1ing data relative to the class entering as freshmen in Sept ember 1958. For the year, Centre bad 392 active candidates for ad.mission. Of these, 46 failed fully to complete their applications, and were accordingly not given full consideration. Two hundred and fiftyseven candidates were accepted, and 89 were denied admission. Of the 257 accepted, 166 actually matriculated. The newly entering students come from twenty-one states and one foreign country. They represent both public and private secondary schools, 125 being graduates of public high schools and 41 from private schools . Of the 166 new students, 41 were student government officers in their high schools, 49 were high school varsity athletes, and 27 were editors of secondary school publications. Fif'ty-three of the total belonged to honorary academic groups in their secondary schools, and two were winners of National :-1eri t Scholarships. The average verbal score on the scholastic aptitude test of the entering class was 465 on the verbal section and 473 on the quantitive section. These scores compare favorably with national averages of all students, and are nearly thirty points higher than the previous average of the Centre student body. All objective measures show that the Centre student body is a competent student group, and that it ia growing steadily stronger. It may be noted, in passing, that a single standard of admissions is applied to all candidates, and that no special consideration is given to students of singular athletic talent. ~Ihen the freshman class is ranked in accordance with the prediction index developed by the admissions office, and on the basis of which student selections are made, there are six members of the class falling below the lowest ranked member of the football squad. It may also be worthy of note that amol)8 all students in the College receiving scholarship assistance or other financial aid, the average athlete this year is actually receiving less by $100 than the average non-athlete. OUR CURRICULUM A college must also be judged in terms of the curriculum it offers and the assumptions which underlie its curricular objectives and requirements. In this respect, Centre measures up rather well1 The College has insisted on granting only one degree, based upon a solidly liberal content. No student may graduate froII1 Centre ~thout satisfying a requirement of distribution among E\l• �. • • • �• -3the m eJor fields of study, which occupies nearly half of the student's four year program and protects him from narrow or premature specialization. !'-1or e over , the faculty has been commendably disposed toward keeping the curriculum under continuing scrutiny, with the object of keeping it r elevant to contempory needs as well as satisfying sound requirements for perpetuation of our cultural inheritance . OUR PHYSICAL FACILITIES . Essential to the conduct of any institutional program is , of course , al a p h ysic plant adequate to the purposes of the institution. As a minimum, there is the necessity for providing the classrooms and laboratories essential to instruction. Housing for the library is another basic requirement . Like,.,ise ~esidential quarters for the students furnished either by the college or in sound relationship to it are an essential. Other us\1a.J ly required physical facilities include such things as social accommodations for the students, proper halls of general assembly, and outdoor recreational facilities. Centre possesses tvro attractive campuses, one v1hich houses the women student population, and the other generally known as the main campus. In general, the instructional facilities at Centre are adequate in number and relationship, but the level of maintenance in recent years has not been adequate . Student housingA inclusive of th~ fraternity houses, is adequate to house the present student bbdy, but it varies in condition and quality from good to poor . The library is adequate to aocommodate the collections of the College, but is neither inviting in its appearance, nor effectively organized :for student use. Obvious inadequacies are the lack of a sound student social center and of fully adequate recreational facilities, and also the lack of a dignified chapel or auditorium large enough to handle the student body and faculty and a reasonable number of outside visitors. The book value of the Centre plant is today slightly more than $1,900.000, considerably below that of institutions of comparable size and academic quality. Of greater concern, however, is the extent to which full maintenance has been def€rred over the past several years. Appearances of insufficient provision for maintenance of the plant are evident to any visitor to the campus . Other deferred items of proper maintenance not so readily dis cernible to the eye are of equal magnitude. The reasons which underlie the present condition of t he physical facilities of the College were, to a substantial extent, unavoidable, and in a very real sense they reflect credit upon the leadership of the College. During the decade embracing \-Torld War II and the Korean War, the independent colleges generally t-Tere faced with substantial difficulties in maintaining tteir strength and stability. Centre was perhaps more greatly affected than ma.Dy others by virtue of the fact that it did not include provision for ROTC training. \-Ji th severe fina.nciaJ stri11 gencies imposed upon it, the College has chosen to place first emphasis on the maintenance of a strong faculty and a sound academic program. When something had to give, it was the physical plant and the level of its maintenance. FISCAL POLICY A$ the College moved out of these two emergency periods into time of more normaJ enrollment, it ,.,as doubtless hesitan·:. to ~eet the problems posed oy ,r apidl)' rising <!Oats b: ' (!"II!l)c.rable adj us ~w~. t s in 1 ts :foes and charges • �• J • • • • f �- 4- 280 Certainly in this r espect it was facing the same dilemma as other i nstitutions , and was properly advised not to allow its cost to become too far out of line with those of com?arable institutions . Be that as it may, during r e cent years , even with a relatively stable enrollment, the operating r esources of the College have not been adequate to meet its sound operating needs . Accordingly, until this year little progress bas been made in dealing with the accumulation of deferred maintenance needs . They have , in fact, tended to mount . Early in 1958, the trustees approved a program under which tuition, room and board charges were increased by a total of $250. This has made possible a substantial increase in the operating resources of the College . In connection with this, the trustees properly approved a further increase in faculty salary levels, and made provision for a substantial rehabilitation and renovation of fhe residence halls on the men's campus, as well as providing for further improvements to the dormitories and dining balls on the women's campus . These changes were 1-1ell received, and the public response is perhaps best measured by the fact that the new student enrollment is both larger and academically stronger . Meanwhile, a more careful exploration has been undertaken of the sound operating requirements of the College . Only one conclusion is possible . Even 1-rith the increased resources de!"i ving from the recent raise in tuition and charges, a sound program cannot be maintained for the current year within the Jimits of assured income. The difference between reasonable needs and assured income is somewhat in excess of $50,000. It is probable that improvements of the internal management of the College , which will be made as promptly as circ11rnstances permit, should produce some greater efficiencies and modest savings4 The College's principal problem in this respect; hov1ever, has not been one of poor management, but rather of inadequate resources. Several ques+.ions of fiscal policy face us immediately at this time . Chief among t11e m !:l.rc~ t !losc: Shall we arbitrarily cut back our planned eXpenditures for the year to a level consistent vri th assured incotLe, but necessarily having the effect not only of continuing but of exageratiog our accumulation of deferred n:aintenance problems? Shall we, an as alternative, proceed under an adequate program of operation for the current year; recognizing that to do so we must undertake to raise additional gift funds beyond those now in reasonable expectancy? Shall we, in view of the evident imbalance between resources and requirements which our budget studies show, make a further increase in fees for the coming year in the amount of $100.007 It is my o-wn judgment that we should at this time adopt the unbalanced budget, and address ourselves to finding the resources to enable us to meet our operating needs. To this I a.~ prepared to direct a substantial part of my time during the months immediateJy a.~ead , but in it I_ 1~ st have the active ~ssistance of members of the Board of Trustees . I also beJ.i E:--'e that we should raise our -~- s by the @uggested additional amount for 1959-60. I believe this step will �• • • • • • ' t , ' ~ ' I' • • • • ' • ~ t •• \ .... • ' • • • • r - ' t ' • .. '• • ~ •• ' ·~ ' l I I • • • ' • ~ • ~ • ' •, ' - .. t • ¥" • • • • • ,l • .. • ' i 1 •• .. • • •• ' t' • - 1,..., • r• •I ' • • \ . \:• ~ ... ( • ' l .. • i,t • • • • • •. ~ t - • • ,.. • ' • • •I .. , \ • • • I I • • • • .' •. l ' ' • • • • •• , •: • .. ., • • • • .. ' •4 •· . .. \_ • • • • • t • • • • • ..., .. ... • •I I• 'I • i I • • I ' • ', ... • • • • ... • •• • • • • • • • • 11 • . , t .. • • I • • • l • • • • '. • • .,,• • • • • • • , ' • • • .. •I I l • .: .. .,, •,. ',. . • \ \ t • • ). • • .. ,,. • •• • ' • ,. • ',. • t ... • • 'It \ • \ • ' ' ,. .' ~·, ' ... • • •• • • • • • •. • . ,. ' • • • .. \ t I <'.• • ' • • • • .. • ' !• \ • • ' •• • ,( ' • • •• •• . \ ' • • ~ • ,. .. • ' .. •• ' ' • • • • • • r ' �- 5be accepted b)- 0·..t..-- f'lien+Rle , provided ,.,e can ma.ke a real showing of further improvement in the work of the College and in the adequacy of its facilities . t-.1oreover, although 1 believe we should be able to raise an additional fifty to sixty thousand dollars this year for operating rurposes, I believe we will need to rely in large part for this on a few substantial individual gifts which would be sought on the basis of a demonstration that similar subsidy ~ould not be required in succeeding years to maintain the sound level of operation to which we have addressed ourselves . THE ~IEED FOR A PLAI'Il~ING STUDY Other major questions also face us at this time . Obviously, we need to be making plans for the enlargement of the College's facilities f or handling an additional enrollment . This is a particularly complex problem vrith us at Centre , however , involving as it does the more complex relationship of t,-,o campuses , the substantial dependence of the me11' s campus upon the fraternity system of or ganization , and other comparable conditions . I have become increasingly of the opinion that we need to ma.ke a very careful and exhaustive study of our total development needs before we commit ourselves to any plan of action beyond that of moving as rapidly as possible to the completion of the student center which has aJready been approved in principl e~ I am glad that the new Finance and Development Committee will be considering this ques tion at its meeting on Saturday. These and related issues are the matters to which the concerns of the Board of Trustees must now be most t houghtfully addressed . A reroa.rkable opport11ni ty lies before us during the next decade I but the imreediate steps required to enable us t o fulfill our potentialities are substantial . They command the most tho1le-h•;_,ful consideration of the entire Board of Trustees . Thomas A. Spragens • �• I' • 1 , ...i .. ,, , • • I "' ' l 1 I • \ I • • • - l - • • • �282 MINITES OF ME'C"'TING OF THE BOARD O F TRUSTEFS OF CFNTRE COLLEGE OF KENTUCKY HFLD PURSUANT TO NOTICE ON OCTOBER 25 1958. , Present :vere : Chairman Lanier, Miss Yerkes, Campbell, Tate , w P. Cal&vell." . Armstrong, Nevin , Gosney, Faulconer, Van1~inkle , VanAntwerp, Blazer, Logan Calaw':)·Ll Rogers , Baker, Sutcliffe , Diederich, Nichols , Lively and President Spragens. · The meeting was called to order by t he Chairman and opened with a prayer by Mr . Spragens. 1. 2 . The Secretary presented the proposed new Bylaws of Centre College of Kentucky as they had pnviouely bean su.bmi.tted at bha meeting of Oct~be~ 2h, 1958, and it was moved, seconded and carried unanimously that the Bylaws as proposed be adopted as the bylavrs of Centre College of Kentucky. This motion received more than sixteen affirmative votes . 3. On r ecommendation of President Spragens , the policy statement of Centre College of Kentucky with respect to faculty tenure and academic freedom as set out in the former byla,a;s of the College vra.s unanimously reaffirmed as a policy statement of the Board. Mr. Logan Caldwell reported on the activities of the Investment Corrnnittee meeting held on the evening of October 24, 1958. The Investment Committee recommended the sale of the following common stocks: 4. 420 shares Minneapolis Honeywell 200 shares Alwninium, Ltd. 312 shares D()!lr Chemical From the proceeds of the sale of these three securities at the market price $30, 000 . 00 is to be loaned to Centre College for dormitory rehabilitation and the balance is to be reinvested by the Investment Committee en recommendation of the Investment Counselor . It tvas moved , seconded and unanimously car ried that the recommendations be approved . Mr. Caldwell reported the following capital expenditures: Craik House and t ennis courts - $103 , 000 . 00 80 , 000 . 00 Dorrni tories • 12,000. 00 Armstrong house Mr . Cald•rell explaj ned that the money used for Craik House and the tennis courts, with the exception of '6 , 000 . 00 , vra.s taken from unrestricted funds of the College w ich were being temporarily used as endowment and from special gifts . This ~,6 000. 00 and the funds expended for dormitory work and the Armstrong house are lo~na from the endowment to the College , for vrhich notes have been given . Interest is to be paid en these loans and an amortization schedule has been established for the repayment of these funds to the endowment of the college . It vias moved, seconded and carried that the entiro r cpo1·t. of the InvPt:i tment Commi tteo b e approved - �l 't -' • • • .. - •• " •• • ' • - • t , r , • • ,, ... . $" r • ( • • • • ) • ::, ••J . .. ... ..' .. • ' • •• •• r : . l .• ,, • • • T' , \• ... • • • .• • • ':" ( • • • I• • . ,• ' ,) - .... • .... I, • .• .. ,., • • • • ., I I' J .."' ' • • ' • ..• •t • -; \ • • . ...• I I • • • ... .J,. •• '\ .. . \ • • •• '' . J. •• J I ~ I .. -, I i. •• • J' r1 • '• • [' • ~ • ..., • • ., • :1 I I • • • ( I • .. • \ I • ' • ••• ... •• ' ~ I ' • ... •.. ..• r, , r, .. ... ' . • • I . .. •, • ,.. ' ...., ·- '•') r '\ • .. ' • I I ••• ,., (. \ r • I • ' ! ' • ' ...,., ' r • ·1: ' I ► 4 oJ .. •• .• • - .. • l • ' • I ... • •• • • • • • A • ,1 .. ' '. •• ,. .. . • ., •• - ~.f J • • • • . \ . ' '\ r~, ... • • • • • • ~ • ~ • ,• •• I ., J • •• T • • • • • • '.. • ., •• • • •• • I I .. # ,, ' 01 '· .. • •• +. ., ·-· • ,., 1I •1 I • . •' ' • • I • • . .. I' I • . I ~ . • • • • , • • \ • \ ' • • • .. • - I • • • ' I • • ..,. • • • • I I 1I I • • . ' • I . I • • I ' • r \ - I • • • A ... • • • • -, . , • J •( • I •• • "\ • • • 1 • • • • • •• .. • • • • • • • • , • I I .. • ' • • l • • • • • •,J • .... •• • • • • • ' • �5. Mr . Sutcliffe, Chairman of the Finance and Development Committee , presented the report of his committee . A. A proposed budget for the year 1958- 59 was presented for approval ,vj_ th the unanimous recommendation of too Cammi ttee . Mr . Spragens discussed the proposed budget ;vhich projects a $55 .,250. 00 deficit for the year. After discussion by the Board, it was moved, seconded a nd carried that the budget as recoIIDIEnded by adopted. The Preside nt stated tha t with the assistance of the Trustees , he would attempt to find additional gifts to take ca re of the projectec' deficit for the year. Upon recommendation of the Finance and Development Committee, ii, ryas moved, seconded and carried that the President of the College be authorized :in his discretion to r aise fees for the year 1959- 60 in an amount not to exceed B. $100. 00. c. Mr. Sutcliffe reported that his Committee is going forward actively v.rith plans to raise the necessary money for promotion of a student center . No gene ral appeal for money for this project is planned, but it is hoped that several large gifts will be availabl e for this purpose . The Cormnit tee recommended to the Board a complete study of the existing plant and r esources of the College from an architectural and engineering point of view. He r eported t hat the firm of Murphy and Mackey of St. Louis have been recommended for this study at a fee of $9 ,500.00 and tha t a speci a l gift is J.1"ailable to pay for this v1ork . It i,vas moved , seconded and carried that this planning study be made on this basis . D. There being no further business to come before the meeting, on motim it was adjourned at 12:30 P . M . Respectfully submitted, Pierce Lively Secretary - 2- �.. • • • •I .., • • • • • • • r -· • • l • • ' • (. �BYLAvlS OF CENTRE COLLEGE OF KENTUCKY Article 1 Name and Purpose T11e institution is chartered under the name of II Centre College of K:n:ucky", vrith its principal office and headquarters in the City of Danvil~e, Bo;le County Kentucky. The institution will hereinafter be referred to as "the College" . 1. 2 . The College is constituted for the purpose of maintaining and conducting "an institution of learning of the highest order for the education of the youth of the country', in accordance with its charter . Article II The Board of Trustees 1 . The management and control of the College shall be vested in the Board of Trustees, which shall consist of twenty-four members . This Board of Trustees snall be self-perpetuating, and shall have the power in case of death, resignatio~ , disability, or disqualification of any ffiember of the Board to fill the vacancy created thereby . 2 . The membership of the Board of Trustees shall be divided into six classes of four trustees, each class serving for a term of six years . Terms of office shall begin on July land expire after six yea.rs on June 30 . Trustees elected to fill interim vacancies shall begin to serve immediately upon election . ~1embership on the Board of Trustees automatically terminates on the expiration of a trustee 's term, or fol lowing absence from three consecutive meetings without excuse by the Board of Trustees. 3. No trustee having served a full six- year term may be reelected until ninety days after the expiration of his term or his resignation . 4. Nominations of persons for election as trustees shall be submitted by a 11ominating committee appointed by the chairmen of the Board of Trustees . The election of trustees shall be by ballot and sixteen affirmatjve votes shall be required for election . 5. A majority of the Board of Trustees shall be members of the United Presbyterian Church in the United States of America or the Presbyterian Church in the United States, and at least two of such members shall �• • • • • • .... ' . 'r., -. • • • .. ., • o;.. ' •• • ,4. ., ., • • J \ . • .. • ' •• • I • .. • .. .., •• • • • ~ • • .• ., "! , •• • ... • • • .I ' • ,. , • • ....... _ _., . ,(' .. 1 I ' '-' • • r • ' .. • • • • • • ' • • • ~ • • • ! '1 • .. .. . • • • • • t • • • •• • • . • l • .. ' • ' • , • IV • • •• • ..' . • • ••• • ... .• • • • •• • ,. • •• • • \ • •• • • .l • ·r ( • • l .. •• ~ • 1 ... - • • • . , •• •• ..• .. ~, .... .. - • • r �- 2- be ordained ministers . No less than eight trustees sha )J be alumni or al11mnae of the College . 6. No person having reached the age of seventy shall be e l ected or re - elected as a trustee . 7. The Boa.rd may elect to the position of trustee emeri tus for life any member or former member of the Boa.rd who has served as long as six years . Trustees emeritus shall be entitled to attend and participate in all regular meetings of the Board, but shall not be vested with the responsibilities of trustees, nor vote, nor be counted in the determination of a quorum. 8. A trustee may be removed by the affirmative vote of sixteen members of the Boa.rd . 9. A majority of the membership of the Board s hall constitute a quorum, and a majority of those present at any meeting shall be required for any action of the Boa.rd except as other-wise provided . The Board may adopt such rules for the conduct of its meetings as it deems proper, consistent with these bylaws, the Charter of the College, and applicable public law . 10. No compensation shall be payable to trustees for their service as trustees . Reimbursement for expenses of attendance at meetings or conducting official business for the College shall be allowable . 11. There shall be at least three meetings of the Board each year , at least one of which shall be on the campus of the College . The annual meeting of the Board at which the regular election of trustees ,nll take place shall be held in May or June . Additional meetings shall be held on call of the chairman or a majority of the trustees . Written notice shall be given to all trustees by ordinary mail dispatch at least ten days prior to the meeting date and directed to each trustee's address of record . 12 . The Board of Trustees shall elect from among its members a chairman of the Board . He shall preside at all meetings of the Board at which he may be present and shall have such other powers and duties as the Board mayprescribe . He shall serve ex officio as chairman of the Executive Committee. The Board of Trustees shall also elect from its members a vice - chairman who shall perform the duties of the chairman in his absence J and such other duties as the Board may prescribe . �f • •• • I ••• .. , • ... I •, • - . • • • • • l .., •• • I • I ' • • -.... .. • ' • r ..... ' •I• I • '. • ~ .' . • I t I • •• • • ' • .. • .. -• • ~ • ... ... . . I .. .,.•• • .. .. , • - • • I ., .. 1 J • •• •• • ., • • I I.,. - .. • I I I I • • • • l • J • l• • • • • • ... ... • • • I • • • • ... • 1. ' " ·r • • •• • • •l , •• ... • ,J • •I • • • ,. '1 .. •• , • • .... • • • ~:, ,. f J • tc - - ...r ... -·, ." • .J ... ' • • •• • • J • , • •• ' • l • ., -' • I -• : . '...., ., • .. • • •• I • ( .' . ·, ! I,• • • -· . v . . ..., ) • .J ,. 'J - J .,,, . I .. • , .1 . ••• ) �- 3Article III Officers of the College 1 . Officers of the College shall ce a President, a Treasurer, and a Secretary. The Board of Trustees may, at its discretion, also elect a Vice - President . Such officers shall be elected by the Board of Trustees by a majority vote of the entire membership of the Board and may be removed at any time by a majority vote of the entire membership . 2 . The President of the College shall be the executive officer of the Board, and the chief administrative and academic officer of the College . The President shall attend, as executive officer, all meetings of the Board and of committees of the Board . The President shall have all authority necessary to conduct the program of the College , except that which may be expressly ,..,i thheld by the Board . He shall be empo,-rered to delegate his authority among subordinate administrative officers at his discretion . He shall report to the Board and to the Executive Committee at their meetings and at such other times as they may require . The President shall have authority to execute, in the name of the College, all deeds, mortgages, notes, bonds, contracts, and other legal instruments and transactions authorized by the Board except where otherwise provided by resolution of the Board or by these bylaws . 3. The Vice President, when designated by the Board for that purpose, shall in tl1e absence or incapacity of the President perform the duties of that office . He shall also perform such other duties as may be delegated or assigned by the President . 4. The Secretary shall keep accurate and complete minutes of the proceedings of the Board . He shall attest all documents authorized by the Board as required by lavr or by these bylavTS . He shall issue notices of all meetings pursuant to the requirements of these bylaws , and shall exercise such other duties as are usually performed by the secretaries of corporations, and as may be assigned by the President . 5. The Treasurer shall control the receipt and disbursement of all funds of the College and shall majntain accurate accounts thereof. He shall have charge of all bonds, notes, and other securities belonging to the College and shall keep an exact record of its assets and liabilities, and shall perform such other duties as may be assigned by the President . He shall have authority to execute releases of any liens, mortgages or other instruments evidencing indebtedness to the College . He shall have the further authority to execute all assignments of stock certificates , bonds and notes on behalf of the College, whether for sale, transfer or redemption . His accounts and records shall be examined annually by auditor s appointed by the Board of Trustees . He shall be bonded in such amount as may be determined by the Board . His records shall be available at all times to the Trustees. �• .. •• ' • • • .. .. .... ... . . .• ••• "1 •• • • • I • • I .. ... .. ... I I J • • • • • , • ... • •••• • ' • ,, . • ' • • • I • • • • I \ .. •• ·1 , I • . • • I - I • • ' • • • • I • ' l • - - j • • ., J • 4 , • J , '• • • • I ' • J \: • . •, I (' • I • ,. •• I • • ·- .. • • J .. •• I,. l • - • - •• ' I .. • ., ' • • • • • L ~· • • • • • ,.. :'I • • • • • • • • • I • .: j •• • • • • • r •• • • .. ,• • • • ,.. • •j I I • • •• • •• • •• • - • • • • • • • • �- 4Article IV The Executi ve Committee 1 . There shall be an Executive Committee of the Board of Trustees appointed each yea:r at the annual meeting by the Chairman of the Board, and approved by vote of the Boa.rd . The Executive Committee shall have all the powers of the Board of Trustees when the Board is not in sessi on, except the power to elect or re~ove the President of the College , to amend the Charter and Bylaws of the College, and to elect new Trustees . 2 . The Executive Committee shall consist of nine or more members, including the Chairnan of the Board who shall be ex officio chairman of the Executive Committee . Any action of the Executive Committee to be effective must be authorized by five affirmative votes . 3. Regular meetings of the Executive Committee may be held at such times and places as the Executive Committee from time to time shall fix . Other meetings may be called by the Chairman or the President by giving notice at least twenty-four hours in advance by telephone , telegraph or in writing . Article V Other Committees of the Board of Trustees 1. following: Standing committees of the Board of Trustees shall include the Committee Committee Committee Committee Committee Committee Committee Committee Committee on on on on on on on on on Academic Affairs Atnletics Buildings and Grounds Finance and Development Fraternities Investments Honorary Degrees Nominations the Women's Division and such other committees as the Board may from time to time create . time 2 . The Board of Trustees may also create special committees from to time for specific purposes assigned by the Board . 3. Members of standing and special committees shall be appointed by the Chairman unless otherwise specifically provided by these bylaws or by action of the Board . �28R - 54. The Commjttee on Academic Affairs will advise vith the President about all m ajor matters regarding academic policy, the curriculum, and the faculty . 5. The Committee on Athletics vrill advise with the President on matters of policy regarding intercollegiate athletics . 6. The Committee on Buildings and Grounds will advise with the President and his administrative staff regarding the maintenance and repair of the rh:-sical plant and grounds of the College . The Committ~e shall periooj.c3.ll2r ~~v~ evr a.rh~. make recommendation0 to thf~ Board regarding the insurance coverage f0r- buildings and equipmen~ of the College . 7. The Committee on Finance and Development will advise with the President on all matters of financial management and policy . It shall carefully examine the financial condition of the College at least annually. It shall review the annual budget proposals of the Pr esident and make appropriate recotunendations for the adoption of the annual budget to the Board of Trustees . The Committee shaJJ also develop in consultation with the President a comnrehensive evaluation of capital needs of the Col~ege and be responsible to see that plans for the realization of such needs are developed and carried through . 8. The Committee on Investments shall have responsibility for the oversight and management of the endowme:it funds of t he College and of all other funds that may be available f or investment from time to time . It shall makP. annuaJJy a full report to the Board of Trustees of all securities held by the College and of their value. 9. The Committee on Honorary Degrees shall assist the President in proposing nominees to receive honorary degrees from the College . It shall receive through the President recommendations from the faculty. It shall investigate all names proposed . No nominee for an honorary degree shall be recommended to the Board without a formaJ. vote of this committee . 10. The Committee on Nominations shall make nominations to the Boa.rd of Trustees for filling all vacancies in t he membership of the Board and for the election of officers of the Board. 11 . The Committee on the Women's College shall advise with the President on matters especially affecting the women's division, Kentucky College for Women, and concerning matters of policy of the College on education for women . 12 . Persons other than members of the Board of Trustees may be appointed to serve on any committee of the Board other than the Executive Committee . 13. The President of the College shall be an ex officio member of all standing committees . �- 6Article VI Board of Curators 1 . The Board of Curators of Centre College of Kentucky, established by article 6-B of t ~e Charter of the College as amended , has the responsi bility to meet a.t •!l"' v=· J.~'-Y on the campus of the College, to examine the ,,rork and condi ti.on of t1,, , c:ollege in consultation with t.he President, and to render a ·.;r i t.ten r er-'or1·, on the state of the Colle£?;~ to the two Presbyterian Synods of Ke~tucky c ni to the Board of Trustees. 2 . The mem bers:1ip of the Board of Curators is comprised of twelve persons chosen equally by the Kentucky Synod of the Presbyterian Church in the United States and the Kentucky Synod of the United Presbyterian Church in the United States of America. 3. Members of the ment from the College of meetings of the Board of be provided the Board of Board of Curators shall be entitled to reimburse necessary expenses incurred in attending the annual Curators . Appropriate secretarial assistance may Curators for the perfornanr.e of its duties . Article VII The Faculty 1 . The faculty of Centre College of Kentucky shall consist of the President , all officers of instruction having the rank of instructor or above , and other administrative officers recommended by the President and approved by the Board . 2 . The Boa.rd of Trustees, through the President of the College, shall have jurisdiction over the organization and powers of the faculty . These shall be set out in Articles of Organization to be adopted by the faculty and approved by the Board . �-7- 290 Article VIII Management of the College The President shall submit a comprehensive aon11aJ budget for the operation of the College prior to the beginning of each fiscal yea:r. Upon approval of this budget by the Board he shall be authorized to conduct the affairs of the Col:.~rc in accordance therevrith and to conduct any transactions embodied there··:, , Only after express authorization of the Boa.rd may the President !:egoti0;:.«;' for the acquisition, dispo.sc1..L or encumbrance of major assets o: the Col:cge . 1. 2 . The President is directed to maintain a General Fund from which all general expenditures of the College shall be made and through ,vbich its general financial affairs ,-rill be carried on . He is also authorized to establish and maintain sue~ other separate funds as may be necessary. 3. Quarterly financial reports shall be made by the President to the Board on the condition of the General Fund . A comprehensive annual financial report upon all fiscnJ. affairs of the College shall be made at the first regular meeting of the Boa.rd following the close of the fiscal year . 4. The financial practices and records of the College shall be maintained in accordance with generally accepted standards of private educational institutions . 5. The fiscal year of the College shall extend from August 1 to July 31. 6. The President is authorized to conduct such auxiliary enterprises to the educational program as may be consistent ,-ri th the Charter of the College and with Federal and State law . 7. The officers of the College shall not be permitted to purchase goods and services for the College from Trustees or from firms in which they have a substantial interest unless such transactions are specifically authorized in advance by the Board of Trustees . 8. Officers and employees of the College shall be subject to such bonding requirements as the Board may determine . Article IX Amendments 1 . These bylaws may be amended or rescinded at any ~eeting ?f the Board of Trustees by a majority vote of the total membership, provided that written notice of any proposed amendment is given together with the notice of meeting at least ten days prior to the meeting . (Approved 10/25/58) �Centre College THE BUDGET Ill BRIEF 1958- 59 Budget Actual: Preliminar y Sept.1,1957- Estimate-- 1957-1958 Aug . 31,1958 1958-59,April 1958-59 259, 785 .00 265, 544. 25 336, 835 .00 326, 000. 00 68 ,000.00 7, 000. 00 35, 500 .. 00 110,500.00 63,766 . 63 5,220.02 35., 948 . 81 104.935.46 68, 000. 00 61,075. 00 14,500.00 12, 500. 00 30,.379 .oo 30, 224. 00 112,879. 00 103 , 799 . 00 Gifts & Grants lli6,o5o.oo 128l 810.43 138, 500. 00 125,750.00 other Sources _ 5, 850. 00 5, 970. 24 61, 055. 00 12,100. 00 73,1$5. 00 68,679~68 11, 2o6.50 INCOME Proposed Budget !,Educational & General Student Fees Endowment Ear nings Unrestricted- Securities U nrestricted- Real Estate Restricted-Securities II,Au.xiliary Ent rprises Resi dence & Dining Halls Intercollegiate Athletics III. Student Aid T0T.11 I rcotIB ?6 , 000 . 00 621 , 340. 00 5, 600 . 00 L.110. 00 85, 173 . 00 20~192 , 00 105,365. 00 '79, 886.18 _ 24 . ooo. oo 2l~ ,164. oo 610, ~74 . 59 718, ASOuOO 689 .188 ~00 2 5, L28 . 03 ----- EXPENSE I.Educational & Gener·al General Administrcltion Student Services Staff Benefits General Insti tutio11al exp . Instruction 53,780. 00 33 , 950. 00 19, 9u5. oo ~2 , 865 . 00 220,997 . 00 19,995. 00 c;8, 991 .o, 34, ?li 5. 36 59, 240. 00 59,440. 00 .39,317 , 00 42,773 . 00 21, 230. 00 21 .• 230. 00 75 , 320 . 00 78,886. oo 247,331 . 00 249 .967 . 00 26,133. 00 26 . 218. 00 496,734. 00 Library Operation & Maintenance II~Auxiliary_Entereris~ Residences & Dining Hall Intercollegiate Athletics III• Student Aid IV. Annuities TOTAL EXP~NDITURES GAIN OP (LOOS) 18,918.28 69, 041 .75 216,011.io 79 21 , 490.64 86 , 251~01 504,958$88 36,727 , 00 15,5,7. 00 '5? ,264 . 00 Lo,12~. 38 16,LJ6.19 56,561. 57 89,047 . 00 67 , 045. 00 24, 252.-00 91,297 . 00 67, 000, 00 69 1 043 . 36 72,000. 00 65, 405. 00 2, 500. 00 2, ,00 •.29 6JJ, o6J . 81 2, 500. 00 2, soo. 00 735,999 . 00 744, 438. 00 (22,489.22) (17,149 . 00) (S5, 25o. oo) ec, 202 . 00 618 2498000 2, 842 . 00 103 , 815(\oq ~6 , 722 . 00 572,L52 . oo 585 .. 236. 00 62, 824 . 00 26 , 223 . Ol1 �292 Proposed Budget 1958- 59 INCOME Student Fees Tui tion Other Fees Endowment Income Unrestricted Real Estate (net) Restr icted Gifts and Grants Church Bds . and Churches Living Endowment(Gifts) Special G ifts Fund Al umni Fund Vocational Guidance G ants -Research, etc . r Other I ncome Auxiliar y Ente~rises Resi dence alls , Women " " \Viseman 11 " McReynol ·1s 11 " Breck Centreville Dining H~ll- Men(net) Dining Ilall -Women( net) Tea Room(net) Coffee Shop(net) Bookstore(net) Intercollegiate Athletics Student Ai d Gifts Endowment Total Income Excess- Income over Expense 321,550. 00 4, 450. 00 326, 000. 00 61, 075. 00 12,500000 30, 22L .oo 103, 799 . 00 44., ooo. oo 22, 000. 00 17, 000. 00 21, 000. 00 9, 000. 00 12, 750. 00 125, 750. 00 - 4, 110. 00 • • 36, 584. 00 10, 931 . 00 4, 460. 00 19, 800. 00 2,310. 00 3, 240. 00 3,658 . 00 190. 00 -0- 4, ooo.oo 20,192 . 09 105,365. 00 4, 700. 00 19, 464 . 00 24, 164. 00 689, 188. 00 (55, 250. 00 ) 744, 4.38 . 00 �Propos ed Budget 1958-59 EXPENDITURES General Administr ation President ' s Office Business Offi ce Treasurer's Office Business Officer Boar d of Trustees Sturie.1t Services - Registrar ' s Office Dean of Students Dean of ·1.romen Health Service Student Activiti es Vocational Guidance Bus Service 29,210.00 16, 2Ss. oo 5,375.oo 8,000. 00 600. 00 ~,4lio.oo 6, 875. 00 3, 700. 00 5, 315. 00 7, 822 . 00 5, 016 . 00 8,110. 00 5,B7S.oo 42,773 . 00 Staff Benefits Gener al Institutional Expense General Alumni Office General Secretary Communications Publicity Student Admissions Instructional Expense Departmental & Gene r al Library Oper ation & Wiaintenance Auxiliary Interprises Residence Halls -Women Residence Halls -Wiseman Residence Halls-McReynolds Residence Halls - Breck Centreville Intercollegiate Athletics Student Aid 13,605 . 00 16, 688 . 00 13,873.00 6, 340. 00 1,1.,45 .oo 26,935 . 00 78,886.00 249, 967 . 00 26, 218. 00 lo6.722. 00 382, 907 . 00 2li , L14 . oo 5, 738 . 00 5, 728. 00 27, 285 , 00 3, 880. 00 2Li, 252 . 00 91, 297 . 00 6s,4os.oo 2, 500. 00 Annuities Total Expense 744,438. 00 �c~ 1 TR.E co11sGE oF KEl~TUCKY Balance Sheet Statement- Operating Fund October 31 . 1958 , SSETS Current Funds Cash in Eunk Petty Cash Fund 33 , 9Bw . 09 1, 500. 00 Notes Receivable Genera 1 Fund Lichter Loan Fund 35, 484. 09 387 . 65 500. 00 19, 311 . 22 Accounts Receivable Deferred Expense Depa ..,.trrienta 1 Coal 18, 181 . 33 22, 689 . 82 Inventories Prepaid Insurance D,1e from Other Funds Evans- Sumrall 3cholarshiJ) (13 . 80) Sus ense Account Total Assets 104, 782 . 38 �29 CEITTRE COLLEGE OF KE JTUCJCT Balance Sheet Statement- Operat ing Fund October 31 •, 1958 LIABILITIES Accounts Payable a Accrued Salaries & W ges Feder al T~xes Withheld Salary S1vings Withheld f!osr)italization Insurance .. Social Securi tv Taxes , ri thheld State Taxe s rithheld Boo.rd f.. , 669 .11 20, 985. 18 6, 946 . 62 136. 88 321 . 93 7h5 . 28 9?~ .62 (2,5A) • 36, 637 . 04 Prepaid Cr1arges Meal Tick:ets - Men Board Chdrges -Women 28, 949 . 11 26 , 787 . 25 Due 0the;r Funds Due to Prize Fund Due to DKE House ~Jnd 3,628 . 88 135. 05 Res P, rves !.ti.scellaneous Research Program Gifts for Designated Purposes 55, 736. 36 2,186 . 9'5 1, 593 .17 2, 1i90 . 00 6, 270.12 500. 00 102, 907 . 45 Lichter Foundation--Student Loan Fund Surplus- Deficit ccount : Accumulated Opera ting Deficit Operating ain to 3, 763 . 93 (74, 032 . 37) 75 , 907 . 30 1 ,874 . 93 104 . 782 . 38 • �• INC011E Student Fees Tuition Other BUDG~T COMPA.RIS ON 1st Quar terly Report--Cc t ober 31, 1958 Budget Income Pealized U nreali zed Per centage 1958- 59 at 10/31/58 Realized Balance (3 months) 321 , 550. 00 165, 037 ~50 156, 512 . 50 51 . 33% 4, 450. 00 1, 622 . 30 2, 827 .. 70 36. 45% 326 , 000QOO 166 , 659 . 80 159, 340, 20 51 . 12% 4 Eh dowment Income Uruestricted Real Estate(net) Restricted 61 , 075 ., 00 12, 500. 00 Jo, 224 . oo 103 , 799 . oo Gift and Grants Chur ch Boards & Churches Living E?1do,..m1ent (Gifts) Special Gifts Fund Alumni Fund ·_ . : Vocational Guidance G rants - Research , etc . A uxiliary Enterprises Residence Halls -Women Residence Halls -Wiseman Residence Halls - McR ynolds Residence Halls- Breck Centr eville Dining Hall- Men (net) D ning Hall-Women (net) i Tea R - om (net) Coffee Shop (net) Boovstore (net) Intercollegiate Athletics 0 TOTAL I~JCOME 44, ooo. oo 22 , 000. 00 17, 000 . 00 21 , 000. no 9; 000, 00 12 , 750. 00 125, 750. 00 6.,985. 50 1 . 205 . 00 L, 110. 00 Other Inc ome Student Aid Gifts Endowment 15, o69 . 70 2, 674 . 46 6, 286 .,28 24 , OJ O~.fili. 3, 100. 00 3, 198 . 99 2, 377 . 67 5, 750 .00 21.i, 217 . 16 ( 4lt . 24) 46, 005 . 30 9, 825. 54 23 , 937 . 72 79 , 768 . 56 37, 014 . 50 20, 795. 00 13 , 300. 00 17, 801 ~01 6, 622 . 33 6', 000 ,. 00 101~532 . 84 24 . 67% 21 . 39% 20 , 80% 23 :1s% - 15. 87% 5. 47% 21 . 76% 15. 231 26._42% 5? . 94% 19 . 26% 4, 15~ . 24 16, 454 . 34 3, 508 . 50 2, 280. 00 10, 120. 00 ho4 . 25 807 . 69 2, 786 . 18 16. 95 41 . 62 1, 811 . ,~o 11, 037 . oo L9 , 267 . 93 20, 129 . 66 7, 422 ,. 50 2, 180. 00 9, 680 .. 00 1. 905. 75 2, 432 . 31 871 . 82 173 . 05 (41 . 62) 2, 188 . 60 9, 155. 00 56 , 097 . 07 44 . 97% 32 . 09% 51 , 12% 51 . 11~ 17 . c,0% 24 . 92% 76 , 16% 8 .. 92% - 045 . 28% 54 . 66% 46. 76% 4,700 . 00 19 , 461~ • 00 4, 100. 00 15, 041 . 75 19, 141 , 75 12 . 76% 22 . 72% 24, 164. 00 600 . 00 4 ,L22 p25 5~022 . 25 689 , 188 . 00 269 , 153 , 34 427 , 596. o6 39 . 05% 36, 584 . 00 10,931 . 00 4, 460. 00 19, 880. 00 2, 310. 00 3, 240. 00 1, 658 . 00 190. 00 - 0- 4,ooo. oo 20, 192 . 00 105,365. 00 20 . 18% �.... .. .- BUDGET COMPARISON October 31, 1958 EXPENSE Budget 1958- 59 General Administration President's Office Business Office Treasurer ' s Office Business Officer Boards 29 , 210 . 00 16, 255. 00 5, 375. 00 8, 000. 00 600. 00 59 , 440. 00 Student Services Registrar ' s Cffice Dean of Students Dean of ~Vernen Hea 1th Service St1dent Activities Vocational Guidance Bus Service Staff - 0- 12 , 256 . 73 23 , 100. 26 12, 322 . 43 3, 160. 58 8, 000. 00 600. 00 47 , 183 . 27 79 . 08% 75. 81% 58 . 80% 100. 00% 100~00% 79 .)8% 75063% 76 . 17'1, 76 ~ 45% 90 . 78% 88 . 73% 73 , 77% 34 . 04% Instructional Expense Departmental & General Library Operations & .,aintenance Auxiliary Enterprises Residence Halls-lhromen Residence Halls-' Tiseman Residence Ha lls-McRe,rnolds Residence Halls - Br eck Centreville Intercollegiate Athletics C, 571 .63 2, 126. 47 3, 875 , 09 11 ,101 .61 5,199 . 85 2, 818 . 57 4, 063 .63 7,101 .53 4~504 .37 5, 983 . 53 1, 999 . 91 31 , 671 . 39 21, ?30. 00 General Institutional Emense General Altunni Office C-€neral Secreta r-: ,r Co1nmunica tions P11blici ty Office Student Admissions Annuities 6,109. 74 3, 932 , 57 2, 214 . 42 - 0- Unexpended Percentage Balance Unexpended 6, 875000 3, 700. 00 5, 315. 00 7, 822 . 00 5, 016. 00 8, 110. 00 5, 875. 00 4?, 773 . 00 Benefits Student Aid Expanded at 10/31/58 4, 948 . 36 16,2A~. 64 lJ, 605'. 00 16.688 . 00 13 , 873 . 00 6, 340. 00 1 .445. 00 26 , 935000 78 , 886 000 2, 002 . 85 3, .340. 03 ?, 818 . 50 1. L47 ~63 . 147 . 14 7, 26'> . 99 17 1 019 ol4 11, 602 .15 13,347 .97 11,054 . 50 4, 892 .37 1, 297 . 86 l? , 672 ~01 61 , 866. 86 85 . 27% 79 . 98% 79 .68% 77 .16% 89 .. 81% 73 . OJ% 78 .42% 249 , 967 . 00 26, 218 . 00 lo6 , 722 . oo 382 , 907 . 00 59, 300. 98 4, 282 . 08 29 , 118. 11 92 , 701 . 17 190, 666 . 02 21, 935. 92 77 , 603 . 89 290 , 205. 83 76 . 27% 83 . 66% 72 . 71% 75. 79% 24' l.114 . 00 5, 738 . 00 5, 728 . 00 27 , ?8$. 00 3, 880. 00 24 , 252 , 00 91, 297 , 00 5, 483 . 57 1, 418 .12 876. 04 h, 770. 92 77 . 53% 75. 28% 84 . 71% 82 . 51% 8J . 11% 8, 184 . 47 21,'J88 . 53 18, 910. 43 L, 319 . 88 4, 851 . 96 22 , Slll , 08 3, 22L . 59 16, 067 . 53 09 , 906. 47 65, 405. 00 33 , 205 .50 32, 199. 50 49 . 22% 2, 500. 00 625. 00 1, 87$. 00 75. 00% 193 , 246 . o!i 551, 191 . 96 74 . o!,% 1, 675.15 881 . 43 1, 251 .37 720 .1.t7 655.41 • TarAL EXPElJSE 744,.hJS . oo 7L .Ou% 66. 25% 76. 57% �29? Minutes for the meeting of the Finance and Development Committee of the Boar d of Trustees, Centre College, Danville, Kentucky, October 25, 1958 Meeting called to order by: Chairman Elbert G. Sutcliffe Members present : Baker, Blazer, Caldwell, Campbell, Lanier, Nichols, Roge~s, Spragens, Tate, Frazer Mr. Sutcliffe, in a brief resume of the problems that are facing the Finance and Development Committee, indicated that the principal function of this c0mrnittee will be to set forth the definite needs of the college in both a fiscal and physical sense for presentation to the f11J J Board of Trustees for approval . Once this approval has been obtained, the committee will set about the orderly procedures whereby these goals can be realized. The discussion then turned to the current operational budget which i s explained to some extent in a resume that was prepared by President Spragens, dated October 23, 1958, entitled "Strength and Needs of the Collegen, and also a preliminary report from the Secretary of the Finance and Development Committee . Both these reports are included. After considerable discussion, Mr . Baker moved that ,.;e increase fees a total of $100 .00 for the academic year 1959-60 so that the college will be able to present a balanced budget for the next year of operation . The move was seconded by Mr. Campbell and the committee approved unanimously the presentation of this program to the Board of Trustees . President Spragens then presented, in detail, the proposed budget for the 1958- 59 year showing a deficit of $55,000 . It was recognized that this budget could be balanced by again doing minimum maintenance, eliminating payments to the endowment for funds already borrowed, and reducing the overall operational budget of Centre to the point that the college would be retrogressing in many respects . Mr . Campbell moved that we adopt the proposed deficit with a definite plan in mind to raise money for the establishment of a balanced budget by the end of the current fiscal year . This move was seconded by Mr . Baker and the committee voted unanimously to r ecormnend this procedure to the Board of Trustees . In relation t o the long range development program of the college, the general impressions of the Chairman of the committee, President of the college, and the General Secretary, in regard to Murphy and Mackey, Architests of st . Louis, were presented. Some of their ideas were presented along with a basic resume of the type work they would do for Centre . After this presentation, Mr . Baker moved that we employ Murphy and Mackey to develope a long range program for the college including a complete analysis of our present buildings, a forecast of our needs, the development of a sight plan, and a model for presentation and future reference . .\.pproximate cost of this program was detailed at $9,500 . This motion was seconded by Mr . Campbell, and the committee voted unanimously that this procedure be recommended t o the Board of Trustees . The die~ussion then revolved about the question of an additional meeting, and it was generally decided that the first week in December would be an excellent time t o call the next meeting of the Finance and Development Committee . The que stion is now being circulated as to the exact date that this meeting should be called, and the members of the committee will be notified in the near f'uture as to the de. te • �The dev~lopment program of Centre s~cms to divi de itself i nto three main c~tegor ies at this the initial meeting of the Finance a nd Development Committee . F~rs~, ~he establisbment_of a budget that will allow the college to remedy, within its yearly operation, many of the omissions that have been brought ~bout ~y ~-forced parsi~ony . Second, the initiation of t he necessary preliminarr investigavion and planning that will allow us to adopt an int~JJ igent and logica~ long range plan of development, both fiscally and physically, for the collegeo Third, the implementation of the decision of the Boar d of Trustees to proceed with the development o~ the Student Union Center . I. The development of Centre College since the close of World War II bas 11nfortunate ljt been rnarred by a consistently tight " r eady- cash" position . Many very costly omissions and delays in library expense and operations and mai ntenance budget have consistently kept the college from reali zing her f1 1J J potential . Fortunatel)r, wha"t money that was available has been used to develor the faculty and we are now in a relatively good position i n regar d to the personnel of our faculty and the salary scale in operation . We are not, however far enough along t o neglect this phase of our development . The pr e l iminary budget prepared for the 1958- 59 fiscal year assumes that many of our shortcomings of· the past must not be glossed over again . For this r eason, tl1e budgetary figures for many departments have been raised enough to at least allow for the correction of some glaring deficiencies . Assumi ng that this type of program should be placed in operation at once it means that the 1958- 59 budget 1-rill contain a deficit of $55,250 . If centre is going to f11Jfill its role as an institution of high- quality in every respect, it will be necessary for us to develop an effective program to secure thi s needed additional sum for budgetary purposes . We must acccmplish this goal without resorting to a general campaign that will serious ly impair our effectiveness as we begin to work on the major prJjects of our development . In addition to approving a sound budget and organizing the program that will allow us t0 bala11ce expenditures and income it will be necessary -to consider the implications for the 1959-60 budget . Assuming an increase of 35 students , ~ur buuget will re~ain $40,000 t o $45,000 out of balance next year unJ ess we secure dome additional revenue . The Pr~sidcnt has recommended that we increase our fees $100 per student . Such a move would give us a balanced budget . This particular move is, however, very closely tied to the actual development of the Student Center mentio!1.ed in Section III .. II . As the President, the Chairman of tl1i s committee and I met to consider the concrete recommendation that vTe would bring to you, it seemed that it v1ould be possible to recormnend the completion of the third floors of '\•liseman a11d McReynolds to accommodate the anticipated increase in men r s resident enrollment . . s v1e began to work out the details it became o.pparent thn.t e"1en such a minor change in our campus was so intricately i11terwoven ,.,i th our ultimate plans that it would be f'oolish t o begin any work of this kind now . The very definite need for competent, comprehensive, long range planning became more and more definite with each a lteration we felt might be in order . we were fortunate in having an opportunity to discuss the long range development program with Messrs . Murphy and Mockey of St . Louis . They arc the senior partne r s in a very effective o.rchitectural finn highly conversant with - �(2) college planning as opposed to city plannj ng . Pre s ident Spragens will present mor e materi~l i n r egard t o their ser vice . However, in terms of our needs, we should consider their jr:,mediate r etention t o do a long range development plo.n f or Centre College . The estinated cost o~ such a program i s $9,500 . The cost Llight seem high · t :'irst but \Thether this firm or a.nether is r eto.ined such o. cocpr ehensi ve pl au ~ust be devel oped if we a r e to be in a position t o move with auy certaiuty as we address ourselves to the specific 11eeds of the college . I f we f'ail to begi n our plo.nni11g now, it i s highly possible that we might be forcei i nto constructing buildings for what appeo.r t o be very pressi ng r.eeds but that might very well be "t-7hite Elephants" i:i terms of Centre ' s real need . This has happened i n the po.st and valuabl e time and money has been ,.,o.sted . 1-le must forestall this h"..ppe1ling agai11. III . The general ~1eed for a Student Center has a lready been defir.ed and the Board of Trustees has given its appr oval t o the general plan that bas been de ..,eloped. The 111~io1. w.1de1· proposal will fit our over -all develo}?ment program. I n addition any additional increase in fees will deraand that the college give evidence that such ar. i ncrease is justified. The actual beginning of construc ti on on a Student Ce~ter and Nato.torium i n the spring will do more than any s i nge thi:::ig I know of t o ass ist in "selli::ig" an i ncr ease t o our current student s . In additi on, such a groUl.ld br eaking ti!!led to coincide with the Pre s ide~t ' s inauguration would be of i nvaluabl e assistance i n l a unching our f uJJ fiscal development program . The complete adoption of the Studer.t Center proposal should, in our esti JDr~tion, be recom:.ended to the fu ll Board and immediate plans laid t o secure the necess~ry $300,000 t o $325,000 needed t o construct a building adapted to our needs . rv. The development office is now beginning to funct i on . I nformation, in relatively complete detail, is being corn.piled on our various constituencies o.s well as on possible urge co~tributions . You will find attached to this r eport copies of the file co.rds we a r e corupiling, as a master fi l e for development . I n addi tion, I have attached copies of our view book, scholarship announcement and a quart~rly publication entitled "Under the Columns" . The first i ssue will be used for student promotion and the rema ining issues as mo.ilings to the names on our developoent lists . �301.l Minutes of the meeting of the Finance and Development Committee of the Board of Trustees of Centre College of Kentucky, Saturday, January 3, 1959. Members present : Sutcliffe, Lanier, Baker , -narr, Logan Caldwell, Campbell, Frazer, Nichols, Tate and President Spragens . Mr. Sutcliffe presided . 1 . President Spr agens outlined the place of the Finance and Development Cormnittee in the structure of the Board of Trustees . The primary responsibilities are fiscal (budgetary) and ways and means (long range requirements and their realization) . He went on to point out that the most pressing job is to supply the best faci lities at the cheapest cost and in this connection that Murphy and Mackey of st . Louis are already at work on a long range physical development and utilization study . 2 . Chairman Sutcliffe read a letter from Mr . Garrett Noonan, President of the Board of Overseers, recommending the consolidation of many of our advisory groups (ia the Board of overseer s) into an organi zation similar to the Stanford ~ssociates . President Spragens is going to pursue the matter further and make recommendation at a later date . 3. President Spragens identified the need for moving ahead with the implementation of the plan to convert the Boyle- Humphrey gymnasium t o a student center . He pointed out that our long range development program is not complete but that this need was identified as early as 1940 in the "Works Survey" • President Spragens then announced that the college has received, from an anonymous donor, $100,000 to proceed with this project . At this point, the entire project including the swimming pool was reviewed by the president . In light of the announced gift and the urgency to proceed with the project, the question was then raised as to whether we should work for the entire project ($350,000) or only for the student center portion ($175,000 to $200,000) . Chairman Sutcliffe expressed the personal opinion that completion of the entire project should be our goal . If it is not we will have lost our initiative, he continued . After discussion, the committee concurred in the idea that we proceed with the whole project . Chairman Sutcliffe then appointed a connnittee to consider the retention of an architect to develop the plans for the center . Lanier, Chairman; Barr; Sutcliffe; and Tate . 4. Specific means to raise the balance of the money needed to complete the project were then discussed . After a careful review of the alternati ves , Campbell made the motion that a "pin-point" solicitation of selected individuals be made rather than a general campaign . The motion was seconded by Lanier and the committee voted unanimously in favor of the motion . .. (1()0.Qrc, • In general discussion, certain nlmes were suggested as possible .l\mong them wex·e J. Graham Brown, Julinn Vo.n ',-link.le, Will Clayton, �301 _ George Bickl e, Blazer Foundation, Mrs . A . r . (Jesse Ball) Dupont, Woodruff Foundation (Bob Woodruff), Jones Foundation (Will Clayton), Frank DuPont (Coleman DuPont's son), Mrs . Quisenberry . All corm:nittee members agreed to give this matter further thought and recommend additional names at the next meeting. 6. The president then spoke. in general of our long range development program . He pointed out we must have three things in order for us really to proceed effectively . 1. 2. 3. 7. Good planning A good climate (public information) A good program of gift procurement 1\ . Wills and Bequests B. Al,JIDo; Fund c. Large Gifts n. Churches E • General Group It was moved and seconded that the meeting adjourn. Respectfulzy ( Unanimous itted, ecretary I �302 Minutes of the meeting of the Executive Committee of the Board of Trustees of Centre College of Kentucky, Saturday, December 6, 1958 Pre sent vrere : Trustees Sutcliffe, Logan Caldwell, Campbell, W. p. Caldwell, Van \-Tinkle, Gosney, Armstrong and Lively, and President Spragens . In the absence of Chairman Lanier, Mr. Sutcliffe presided. The meeting was opened with a prayer by Dr . Gosney. Mr . Arnicar presented t he report of the Business Manager for the first qu arter of t he fis cal year . Certain changes in the method of r epo~ting were explained to the Corr..mi ttee . This report ,-ras received and filed .( sc->e att ache ~J 1. 2 . The follc~ing resolution was duly made, seconded and une.nim~usly carried: That all cl:ecks en t he Operating Fund of Centre College ~h-:11 be ~,alid if they bear trie s ignatures of any tv10 of the follovTing four persons: Fred Arnicar, An. a i'Jl. t~1oore, Thomas A. Spragens and J ohn W Frazer . ~ . 3. The minutes of t he meeting of October 25, 1958, that Item rro . 4 will read that promissory notes are to be expenditures outlined therein rather t r~an that they have 1 . Caldwell has not received bills for all of the work, ,apreparation of the notes until all bills are in . 4. ,,, ere corrected so given for the been given. Since he has deferred The President reported to t l1e Cororoi ttee on a number of subjects: A. In the realm of academic affairs, Mr. Spragens reported that ti..,enty- one students were placed on probation at mid- term. He explained that this does not mean t hat these students will fail at the end of the first semester but merely that their work is not satisfactory to this time and they are given warning of t ne possibility of failure . He reported that a visit had been received by an accrediting group on teacher education and that they had rendered a favorable report on the program of the College in teacher education . M . Spragens also reported that the Rhodes Scholarship Selecr tion Committee will meet on the campus t his year . B. In the matter of student life on the campus , the President reported that the general student morale is much improved and that the Interfraternity Council is functioning m uch more effectively than in the past . He stated that the Council is studying various fraternity problems and ~xpects to be of assistance in decisions of the Board relating to fraternities. Mr . Spragens officially reported the withdrawal of Centre f'rom the K. I.A. C. conference and stated that in the future a shorter basketball schedule of about f ourteen games will be played and that the footrall schedule will be revised in order to l1 ave all of the schools of the general t~~e of Centre . M Spragens reported that plans for Christian Emphasis Week are r. being made and that a s tudent committee has projected a greatly enlarged program over previous years. c . In the area of finance and development the President reported that we have been notified of the bequest of the residuary estate of Lecompte �- 2- Davis of Los Angeles and also r eported a substantial gift b y Ewing T. Boles . D. Mr. Spragens stated it is planned now to have his f orma.J inaugu- rati on on April 21, 1959, with President Ster l i ng of Stanfor d Uni versity as the speaker . E. It was announced that Mr. Barry Bingham of Loui svil le ~i ll be the Commencement speaker in 1959. F. A recomreended schedule of church conferences at the Women ' s College in the summer of 1959 to end on July 25 was approved by the Committee . The Committee was informed that there will be no Synod meeting on the campus next year . G. Mr . Spragens informed the Committee of a new program of student loans authorized by the Congress, which loans are to be administered by individual institutions . These loans are extremely favorable to persons going into education ,.,ork. The Committee voted to leave the decision of whetner Centre snould engage in this federal loan program to the President of the College in consultation with the Chairman of the Board . 5. Mr . Van \-Tinkle reported that the Comm1 ttee on Fraternities had met on December 5 and had inspected all of the fraternity houses . It was reported that all but one of the College owned houses are running a defic i t and , in effect, t1:1e College is subsidizing these houses . A lengthy di s cussion vras held on the ul tiroate solution of the f r aternity housing problem at Centre and various alternatives were considered . It was agreed that the Comro1ttee on Fraternities would make proposals for action at a later meeting . The following recommendations of the Comm1ttee on Fraternities were adopted by the Executive Committee: A. That the Phi Delta Theta house basement not be used for social gatherings until an adequate exit is provided . B. That the Sigma Alpha Epsilon house third floor be provided at least with adequate rope ladders . 6. The next meeting January 24, 1959. of the Executive Committee was set for Saturday, The m~eting was then adjourned. Respectfully submitted . PIERCE LIVELY Secretary �Minutes of the meeting of the EXECUTIVE COMMITTEE of the Board of Trustees of Centre College of Kentucky Saturday, March 21, 1959. ,., 3fj4 Present were: Ike Lanier, Chairman, Campbell, i. Caldwell, Van Winkle, W. P. Caldwell, Lively, and President Spragens. The meeting was opened with a prayer by Mr. Spragens and the minutes of the previous meeting were approved as circulated. 1. 2. Mr. Arnicar made the quarterly report of the Business Manager's office as of January 31, 1959. 3. On motion duly made, seconded, and carried, the following two resolutions were unanimously adopted: A. That Centre College of Kentucky be authorized to borrow for operating purposes from the Citizens National Bank of Danville, Kentucky, up to the sum of Twenty-three Thousand Five Hundred Dollars ($23,500.00). This authorization is to expire on September 30, 1959. B. That Centre College of Kentucky be authorized to borrow for operating purposes from the Farmers N ational Bank of Danville, Kentucky, up to the sum of Fifty Thousand Dollars ($50,000.00). This authori~ation is to expire on September 30, 1959. 4. The following resolution was made, seconded and unanimously adopted: That Twelve Thousand Dollars ($12,000.00) now in the general Endowment Fund of the College representing a fund which originated with the Princeton Collegiate Institute and which was formerly admjnistered by Kentucky College for Women be transferred to restricted endowment and the income limited as prescribed in the original gift. 5. The President then made a report covering a number of different areas of administration of the College. A. Academic Affairs (1) Mr. Spragens reported that the first semester academic performance of the freshmen men was considerably improved over that of the fre8bmen men of 1958, and he believes that this is a reflection of the up-grading of living conditions in Breckinridge Hall and the placing of a resident counselor in that hall. (2 ) The President reported the receipt of a Fifteen Thousand Three Hundred Dollar ($15,300.00) grant from the Eli Lilly Endowment for a new senior level seminar to be conducted by the Religion Department and the Political Science Department. (3) On the recommendation of the President it was voted that Mr. Arthur Dondero be appointed a part-time instructor in the Music Department for the school year 1959-60 at a salary of Five Hundred Dollars ($500.00). (4) It was reported that the faculty is planning a comprel1ensive study of the entire educational program of the College, for which some external �305~ -2- subsidy will be sought. Committee. B. This faculty undertaking was approved by the Executive Buildings and Grounds (1) The Committee granted the President authority to modify the lease with the United States Navy to provide that Centre College will remove and relocate a Kentucky Utilities Company power line and that the government will reimburse the College for the agreed actual cost of this work in the a.mount of One Thousand One Hundred Ninety-six Dollars and Forty-six cents ($1,196.46). Mr. Spragens was further authorized to proceed with the relocation of this line. (2) A recent report of the Kentucky Fire Marshal was discussed and it was agreed that Mr. Spragens should seek further consultation with the Fire Marshal and set up an orderly plan for meeting the recommendations of the report. (3) Mr. Spragens reported that Mr. Steiger, Superintendent of Buildings and Grounds, is anticipating retirement as of June, 1961. This plan was approved by the Executive Committee. C. D~velopment (1) Mr. Spragens reported total gifts during the fiscal year to February 28 of Ninety-one Thousand Dollars ($91,000.00). (2) It was reported that the Fred M. Vinson Fund will be set up as a permanent lectureship with a Fi:rty Thousand Dollar ($50,000.00) endowment, to be known as the "Vinson Memorial Lectureship." This action by the President was unanimously approved. ( 3) An ,inrestricted bequest of Ten Thousand Dollars ($10,000.00) from Miss Annie Spaulding of Lebanon was reported. (4) The Committee discussed the possibility of securing additional student housing on the campus using available Federal loan funds. It was moved, seconded, and carried that Mr. Spragens be authorized in his discretion to make a prelim1ol\ry application to the United States government for a thirty-six-year Federal loan for student housing up to the sum of One Million Fbur Hundred Five Thousand Dollars ($1,405,000.00). D. Finance (1) It was moved, seconded and carried that the appointment of Edward M. Rall as Treasurer and Business Manager of the College at a salary of Nine Thousand Dollars ($9,000.00) per year, effective April 1, 1959, be approved. Mr. Logan Caldwell tendered his resignation as Treasurer of the College and this resignation was accepted as of April 1, 1959, with the sincere thanks of the Board of Trustees for services rendered. (2) It was moved, seconded and carried unanimously that the attached resolution concerning the appointment of City National Bank and Trust Company of Chicago as agent of the College for the purpose of servicing the mortgage on the Barry Avenue property be approved. The proposed budget for the s,imroP.r session of 1959 in the amount of Eight Thousand Four Hundred Fifty Dollars (8,450.00) was approved ( 3) �• -3on motion. The :following faculty members ,-rere appointed for this s11mmer session: To be appointed (Biology 101-102) Dr. Cla.renc~ Heffelfinger Dr. C.T.Hazelrigg Mr. Paul Cantrell Dr. Carl Misch Mrs. Hodgkins Dr. Wilbur Robinson Mrs. Cheek To be appointed (Religion 201-202) Dr. Ritchie Mrs. Vesterma.rk (4) $750 or $900 $900 900 750 900 750 300 500 900 900 750 A preliminary budget forecast for the year 1959-60 was pre- sented> and it was stated that a more complete preliminary budget would be presented at the next meeting. (5) O motion duly made and seconded the following schedule of n faculty salaries for the year 1959-60 was unanimously approved. 1958-59 PROFESSOR Cook Hart Hazelrigg Heck Knott Misch Ritchie Robinson Rush Steere Sweeney Vaughan Walkup ASSO CIATE PROFESSOR Barbour Bryant Conklin Ellis Heffelfinger Hill Holdren Kellam Loetsche r Nichols Ullrich 6800 6800 7200 8400 ( 7000 base) 6300 6100 6400 6200 6600 6100 6200 7200 6200 5000 6000 6ooo 5300 5800 5500 5600 5500 3800 7200 (6000 base) Recommended for 1959-60 1000 6800 7400 9000 (7500 base) 6400 6100 6500 6300 6800 6100 6400 7400 6400 5000 6000 6000 6000 5300 6000 5600 5800 6000 5200 7400 (6200 base) ASS!STAUl' PRO FESSOR Cantrell Cavnes Ellis 5400 4400 5600 5400 4500 �306 -4ASSISTANT PROFESSOR (Continued) l958-59 Hodgkins :Toman Kelso Noble Reeves Vestermark Winsor 4500 5600 All Faculty Average Professor Associate Professor Assistant Professor Instructor All Ranks 4600 5800 4700 5400 4800 4600 5400 On leave 5200 4600 4600 5300 INSTRUCTOR Br1Jmmett Chun Cocanougher Rouse Walker INSTRUCTOR - PART-Til-1E Bailey Cheek Dondero Ullrich, Elizabeth Recommended for 1959-60 5200 3800 3900 4200 4300 5500 4000 4200 4300 16oo 1900 1900 500 950 950 1958- 59 1959-60 6562 5633 4933 4400 5627 6700 5736 5022 4500 5768 (6) In view of the help for the next two years which would be received from the Lilly Foundation, Mr . Spragens recommended the appointment of a College chaplain. Af'ter discussion by the Comm1ttee, it was moved, seconded and unanimously carried that the President be authorized to proceed with the necessary steps for the appointment of a chaplain for the year 1959-60 at a salary to be determined by the President. (7) On recommendation of the President, Mr. Roy Ellis of the Physics Department was promoted from Assistant Professor to Associate Professor, effective with the 1959-60 academic year. E. General After discussion by the Committee, the President was requested to extend m invitation to both Synods of the Presbyterian Church to hold meetings on the Centre College campus in the year 1960. On motion, the meeting was duly adjourned at 12:30 P.M. Respectfully submitted . PIERCE LIVELY Secretary �308 March 21 , 1959 Budget 1958- 59 INCOME Educational & Preliminary Budget Projection 1959- 60 General PAGE 307 OMITI'ED v L. c:U. J.. ... ..,_, .... ~v • vv L.) f"'t' UV , VV 78 ,886 .00 249 , 967 . 00 26 , 218 . 00 106,722 .00 585 ,236 .00 84 , 2J8 . 00 256 ,534 .00 26 ,965 .00 112 ,415 ,00 616 ,099 .00 67 ,045 . 00 24 ,2,52 . 00 91 , 297. 00 61 , 126. 00 2g, oa1 .oo 8 ,207. 00 65 ,405 .oo 71 , 500 .00 2 ,500 .00 2,500 .00 Total Expen itures 744 ,438 .00 776 ,J06 .00 GAIN OR (LOSS) (55 ,250 .00) (24 ,41J .OO) .U C I le .L .1- 1., .::, General Institutional Expense Ir1s truction Library Operation & Maintenance Auxiliary Enterprises Residences & Dining Halls Intercollegiate Athletics Student Aid Annuities �308 March 21 , 1959 Budget Preliminary Budget Projection 1958- 59 1959- 60 326,000,00 '384 ,175.00 61,075 . 00 12 ,500 . 00 30.224.00 103,799.00 62 ,400 . 00 14 ,900 .00 28 ,685 .00 105 ,985 .00 125,750.00 127 .250 . 00 4 ,110 .00 5,600 . 00 85 ,17).00 20 1 1~2. oo 105 , 3 5.00 83,063 .00 20 1412.00 10) ,475 . 00 24 ,164.00 25 1408 . 00 682 ,188. 00 Z.21 128) .oo 59 ,440 ,00 42 ,77) .00 21 , 230 . 00 78 ,886 . 00 249 ,967 .00 26 , 218 .00 106 ,722 .00 585 , 236 .00 69 ,045 .00 4J,422. 00 2J ,480 .00 84 , 2)8 .00 256 , 5)4. 00 26 ,965 .00 112 1415 .00 616 ,099 .00 67,045 . 00 24 . 2_22 . 00 91 , 297. 00 61 , 126 .00 2g , 081 .00 8 , 207 .00 65 ,405 . 00 71 , ,500 .00 2 ,500 . 00 2,500 .00 Total Expenditures 744 ,4J8 .00 776,106 .00 GAIN OR (LOSS) (55 ,250 .00 ) (24 ,41).00) INCOME Educational & General Student Fees Endowment Earnirtgs Unrestricted-Securities Unrestricted-Real Estate Restricted-Securities Gifts & Grants Otr1er Sources Auxilia!X Entererises Residence & Dining Halls Intercollegiate Athletics Student Aid TOTAL INCOl.fE EXPENSE Educational & General General Administration Student Services Staff Benefits General Institutional Expense Instruction Library Operation & Maintenance Auxiliarx EnterErises Residences & Dining Halls Intercollegiate Athletics Student Aid Annuities �3 09 CENTRE COLLEGE OF KENTUCKY Budget of Income Operating Fund Educaticnal & General Student Fees Tuition Other Fees Endowttent Income Ur1res tricted- Securi ties Unrestricted- Real Estate Restricted Gifts & Grants Church Boards & Churches Living Endowment Special Gift Fund Alumni Fund Vocational Guidance Grants- Research , etc . , Other Sources Auxiliary Enterprises Residence Halls - Women Residence Halls - Wiseman Residence Halls - McReynolds Residence Halls - Breck Centreville Dining Hall - Men Dining Hall - Women Tea Room Coffee Shop Bookstore Intercollegiate Athletics Student Aid Gifts Endowment Total Income Expense Over Income )21 , 550 . oO 4 , 450 . 00 326 , 000 . 00 Pr eliminary Budget Pr ojection 1959- 60 J80 ,400.00 3, 775 . 00 384 ,175 , 00 61 , 075 . 00 12 , 500 . 00 30 , 224 . 00 103 , 792 . 00 62 , 400 . 00 14 , 900 . 00 28 , 685 . 00 105 , 985 . 00 44 ,coo .oo 22 , 000 . 00 17 , 000 . 00 21 ,000 . 00 9 , 000 . 00 12 , 750 . 00 125 , 750 . 00 45 , 500 . 00 22 , 000 . 00 17 , 000 . 00 21 , 000 . 00 9,000 . 00 12 , 750 . 00 127 , 250 . 00 4 ,110 . 00 5, 600 . 00 J6 , 584.00 10,931 . 00 4 ,460 . 00 19 , 800 . 00 2 , 310 . 00 J , 240 . 00 J , 658 . 00 190 . 00 36 ,120 . 00 11, 008 . 00 4 ,460 . 00 19 , 800 . 00 -O J ,870 . 00 J , 7)0 . 00 75 . 00 - 0- - 0- Budget 1958- 59 4 , 000 . 00 20 ,1t2 . oo 105 . 3 5 . 00 4 , 000 . 00 20 ,412 . 00 103 ,475 . 00 4 , 700 . 00 19 ,464. 00 24 ,164. 00 5,100 . 00 20 , 308 . 00 25 , 408 . 00 689 ,188 . 00 (55 , 250 . 00) 744 ,4)8 . 00 751 , 89J. OO (24 , 413 . 00) 776 , 306 , 00 �CENTRE COIJ,EGE OF KENTUCKY 3i 0 Budget of Expense Oper ating Fund Budget 1958--59 General Afimi nistrat ion Pr esident fs Office Business Office Treasur er 1s Office Comptr oller's Office Boards Student Se ryices Registr ar's Office Dean of Student 1 s Office Dean of Women 1 s Office Student Pastor Health Service Studeht Activities Vocational Guidance Bus Service Staff Benefits General Institutional Expense General Alumni Office General Secretary Communications Publicity Office Student Promotion & Admissions Instructional Expense Dean's Office Departmental & General Library Operation & Maintenance ~uxiliary Enterprises ~csid~1,rt:. H:i: lF- -· Womer~ RP.sidencc Ilalls - Wiseman Resi ence Halls - McReyno as Residence Halls - Breck Centreville Intercollegiate Athletics Student Aid Annuties Total Expenditures Pr eliminary Budget Pr oject ion 19.59- 60 29 .210 .00 8 .000 , 00 5t375 ,00 16 , 255 .00 . 600 ,QO 59 1, 40 iQO 4 29 ,210 .00 14 ,100.00 5,845 , 00 19 ,290 .00 600 . oQ 69 ,045 ,. 00 6 t875 ,00 3. 700 . 00 5t315. 00 - 07, 822 .00 .5 ,076 . 00 8,110 .00 ,5 ,875 .00 42 ,773.00 6 ,975 . 00 J ,700 . 00 .5 ,115. 00 8,282. 00 5,000 .00 7,900 . 00 o,450 . 00 43 ,422 . 00 21 , 230 .oo 23 ,480 . 00 13,605 .00 16 ,688 .00 1J ,87J .OO 6,)40 .00 1,445.00 26 ,9~~ .oo 78 ,8 .oo 17,64.5 .00 17 ,088 . 00 12 ,6.50 .00 7 ,300 . 00 1,79.5 .00 - 0- 27 :760:00 84 238 00 12 ,130 .00 2J7 ,8J7 ,00 26 , 218 .00 1()6 ,222 , 00 382 ,202 .00 11,8.55 .00 244,679 .00 26 ,965 .00 112 ,415 .00 395 ,914 . 00 2L. , 4111-, 00 1. "lL, '1""7 r.,,.,.) • 0n .J j ,7J8 .00 5,728 . 00 27,285 .00 J ,880 .00 24 ,252 ,00 91 , 297 ,00 65 ,405 .00 2,,500 . 00 744,438. 00 5, 228 .00 5,726 .00 25 ,835 . 00 -0- 2t ,081 . 00 8 ,207 , 00 71 , 500 ,00 2, 500 ,00 776 , J06 . 00 �3 1.j_ • CENTRE COLLEGE OF KENTUCKY Balance Sheet Statement- Oper ating Fund ASSETS Current Funds Cash in Bank Petty Cash Fund J anuary Jl , 1959 104,004071 1,075. 00 Notes Receivable General Fund Lichter Loan Fund Accounts Receivable Prepayment Plan Deferred Expense Departmental Coal 87 .65 500 . 00 (178 ,628 , 78) 100 .00 8,143,.57 18 ,191. 21 29 ,165.85 Inventories Prepaid Insurance Due from other Funds Evans- Sumrall Scholarship General Scholarsnip Suspense Account 161.00 733 .89 (16 ,465 . 90) Total Assets LIABILITIES Accounts Payable Accrued Salaries & Wages Federal Taxes ''li thheld Salary Savings Withheld Hospitalization Insurance Social Security Taxes vli thheld State Taxes Withheld 10.5,079. 71 4,.590 . 29 20 ,868 .00 6,979 .62 126 .88 276 .03 1,482 . 37 929 .63 aoaPd Qorro\100 ~on0y 35 ,252 .82 Prepaid Charges Meal tickets- Men Board Charges-vlomen 6,875 .95 5,681 .21 Due other Funds Due to Prize Fund Due to DKE House Fund J ,678 .88 135 .05 Reserves Miscellaneous Research Program Gifts for Designated P11r poses 790 . 23 1,400 .67 1 ,995 .00 Lichter Foundation-Student !Joan Prepayments Plan Investments Surplus - Deficit Account : Accumulat ·d Oper ating Deficit Ope r ating gain or(loss) 500 .00 100 .00 (74 ,032 . 37) 1,156 .66 12 ,.557 .16 - 3,813.93 4,185. 90 600 .00 .56 ,409 .81 (72 ,875 . 71) (16 ,465 .90) �312 BUDGET COMPARISON 2nd. Quarterly Report--January Jl, 1959 INCOME Student Fees Tuition Other Endo~rment Income U nres t ricted Real Estate (net) Re ~t rict ed Gift s and Gr ants Church Boards & Churches Living EndoT-rment (Gifts) Speci al Gifts Fund Alumni Fund Vocational Gui dance Gr ants- Research. etc . Other Income Auxiliary Enterprises Residence Halls- Women Residence Hall-\{iseman Residence Hall- McReynolds Residence Hall- Breck Centr eville Dining Hall- Men (net) Dinin Hall-Women (net) Tea Room (net) Coffee Shop (net) Bookstore (net) Intercollegiate Athletics Student Aid Gifts Endowment TOTAL INCOME Budget 1958- 59 Income Unr eali zed Per centage Realized Balance Realized Jan. Jl , 1959 321, 550 . 00 164,722 . 18 156 , 827.82 2,494. 70 ~ 4 ,450000 1 , 955 . 30 326 , 000 . 00 167 , 216088 158 , 783.12 51 . 2'2% 61 , 075 . 00 12 , 500 . 00 30 , 224. 00 103 , 799 . 00 36 ,820 . 36 2 ,501.85 15 ,489 .09 54 ,811 . 30 24 , 254. 64 9, 998 .15 14, ?J4. 91 60 . 28% 20 .cof> 48 ,28z .zo 44 , 000 . 00 22 ,000 . 00 17 , 000 . 00 21 , 000 . 00 9 , 000 . 00 12 , 750 .00 125 , 750,00 36 ,133 . 17 lJ ,466 . 56 5, 050 . 00 12, 999 . 78 5, 166 . 73 8 ,750 . 00 81 , 566 . 24 7 ,866 . 83 8 ,5JJ . 44 11 , 950 . 00 8 ,000 . 22 J ,8JJ . 27 4 ,000 .00 44 , 183 . 76 82 .12% 61 . 21% 29 , 71% 61. 90'1, 57 . 41% 68 . 6 64. 68 4 ,110.00 1 , 065 . 99 J , 044 . 01 25, 93% 20 , 060 . 67 45 .16% 7 , 374. 57 J2 . 5~ 2, 180 000 51 .12% 9 ,080 . 00 51 .11% 1 , 328 . 25 40 . 33% 4 , 9)0 . 77 (152.18%) 1 ,142 . 26 68 . 77% 141 .40 25 .571, 69 . JO 4 ,40J . 68 (110 . 0l~) 6 , 910 . 50 ~~·~ 6 58 , 221 .40 44 . ~ 36 , 584 .00 10 , 931 . 00 4,4GO . OO 19 ,800 . 00 2 , 310 . 00 J , 240 . 00 J ,658 . 00 190 . 00 - 04 , 000 .00 20 :192 . 00 105 )6 5. 00 16 , 523. JJ 3,556 . 4) 2 , 280 . 00 10 , 120 . 00 981. 75 (1 ,690 . 77) 2, 515 . 74 48 . 60 (69 . JO) (40J . 68) 13 , 281 , 50 47 ,14J . 60 4 , 700 . 00 19,464,,00 24 ,164 . 00 4 ,100 . 00 10 , 781 . 83 14, 881. 83 600 . 00 8 ,682 . 17 9 , 282 . 17 689 , 188 . 00 J66 ,685 . 84 322 , 502 .16 53. 21% �; . 313 BUOOET COMPARISON January Jl , 1959 EXPENSE Budget 1958- 59 Gene r al Administr ation Presidentts Office Business Offi ce Treasurer ts Office Business Officer Boards Student Services Registrar 1 s Office Dean of Students Dean of Women Health Service Student Activities Vocational Guidance Bus Service Staff Benefits General Institutional Expense General Alumni Office General Secretary Communications Publicity Office Student Admissions Instructional Expense Departmental & General Library Operations & Maintenance Auxiliary Enterprises Residence Halls-1~omen Residence Hall-Wiseman Residence Hall- McReynolds Residence Hall- Breck Centr eville Intercollegiate Athletics Student Aid Annuties TOTAL EXPENSE Expended Unexpended Jan.Jl,1959 Balance Percentage Expended 29 , 210.00 16,255.00 5, 375 . 00 8 ,000 .00 600 .. 00 59 ,440 y00 33.60 24,175.34 15,900 ,86 8,091. 31 2, 706 .09 8,000 .00 566 .40 35,264.66 6,875 .00 3, 700 . 00 5, 315 . 00 7,822. 00 5,076 . 00 8,110 . 00 5,875. 00 42 , 773 ,00 3,190 .29 1,791.49 2,474. 01 2,752. 61 1,780 . 32 4,123. 72 5,382 .12 21 ,494.56 3, 684.71 1,908 . 51 2,840 . 99 5, 069 . 39 3, 295 . 68 3, 986 . 28 - 492088 21 , 278044 46 .40% 48. 42'% 46 . 55% 35 .19% 35 .07% 50 .84% 21 , 230 , 00 9,451. 07 11,778,,9'3 44.51% 13,605 .00 16 ,688 .00 13, 873, 00 6, J40 .oo 1 ,445 , 00 26 , 935. 00 78 ,886 . 00 5, 053 . 93 8, 551. 07 7,816040 7,920 . 86 3, 361. 11 727 .64 1J,047 ,i2 41 ,4240 0 37 .15% 53.16% 42 .90% 46 . 98% 49 .641, 13,309.14 8,163.69 2, 668 .91 - 0- 8,871 .60 5,952.14 2, 978 , 89 717 . 36 1),887,48 37 ,461 .40 4 249 ,967 .00 117 , 31 . 20 132.435 .80 26 ,218 . 00 10,806 . 34 15,411 .66 106, 722000 60 ,623.89 46 ,098 .11 332 , 907 . 00 188 , 961.L~ 3 193,945 . 57 24 ,414. 00 5, 7J8 .00 5, 728 . 00 27 , 285 . 00 J , 880 . 00 24 ,252 . 00 91 , 297 .00 65 ,405 , 00 2, .500 .00 744 ,4;8 ,00 11 , 780 . 36 3,105 .08 2,842 .10 15 ,654 .91 1, 771.lJ 14, 276 , JO 49 ,429 .88 33,305 . 50 1,250.00 12 , 633. 64 2,632 .92 2, 885 .90 11,630 .09 2,108. 87 9,9~5 -70 41 , 8 7.12 32, 099 , 50 48 . 25% 54. ll~ 49 .61% 57 . )7% 45 . 65% 50 ,92% l, 250 , 00 365 , 529 .18 378 , 908 .82 49. 10% �3:14 Minutes of the called meeting of the EXECUTIVE COMMITl'EE of the Board of Trustees of Centre Col~ege of Kentucky Tuesday, April 21, 1959, at 10:00 o'clock A.M. Present were Chairman Lanier, Trustees Gosney, Nevin, Campbell, Van Winkle, Armstrong, Logan Caldwell, W. P. Caldwell, Sutcliffe, Barr, and Lively, and President Spragens. 1. The meeting opened with a prayer by President Spragens. 2. President Spragens presented a recommended change in the College Catalog Statement of Policy on Student Conduct. A:f'ter discussion by the Executive Committee, it was moved by Mr. Campbell, seconded by Mr. Sutcliffe and unanimously carried that the following Recommended Statement be adopted: Centre College expects from its students a high level of personal honor and conduct. In aJl matters the best interests of the community as well as of its members must be considered. The College reserves the right to exclude at any time students whose conduct or influence it regards as undesirable. No further reason need be assigned. In such cases fees will not be refunded or remitted and neither the College nor any of its officers sbe)J be under any liability for such exclusion. 11 rn agreement with the stated principles of the General Assemblies of the Presbyterian Church the College urges its students to adopt a standard of abstinence f'rom alcoholic beverages while they are a part of its academic community. Intoxication or disorderly conduct is sufficient cause for immediate suspension or dismissal. The Student-Faculty Congress and its subsidiary organizations are vested with the authority to establish specific regulations governing student social life under the general supervision of the Faculty." 11 3. motion of Mr. Logan Caldwell, seconded by Mr. Campbell, the following resolution was adopted concerning instructions from the College to Kentucky Trust Company as custodian of securities of the Endowment Fund: On "In accordance with the terms of the Agreement between Centre College of Kentucky and The Kentucky Trust Company dated July 8, 1949, under which mhe Kentucky Trust Company is acting as Custodian of securities of the endowment funds of Centre College, it was moved, seconded and unanimously carried that Mr. Ed Rall, Treasurer �• -2- of the College and Pierce Lively, Secretary of the Board of Trustees of the College, be designated as the two representatives of the College authorized to give instructions to the Custodian regarding the Custodian's actions and duties under the terms of aforesaid Agreement." 4. motion duly made, seconded and unanimously adopted, it was resolved that the resolution passed at the December 6, 1958, meeting of the Executive Committee concerning the persons whose signatures would be valid on checks of the operating fund be rescinded, and in lieu thereof it was provided that all checks of the operating fund of Centre College sha.J l be valid if they have the signatures of any two of the following four persons: Thomas A. Spragens, Edward RaJJ, F.red Arnicar, Anna M. Moore. On 5. It was moved, seconded and unanimously carried that the Board of Trustees recommend to the trustees of the Vinson Foundation that the Treasurer of Centre College on advice of the Investment Committee be given authority to make changes in investments of the Vinson Foundation. There being no further business to come before the meeting, on motion it was adjourned. Respectfully submitted PIERCE LIVELY Secretary I 3:15 �316 M1nutes of the meeting of the EXECUTIVE COMMITTEE of the Board of Trustees of Centre College of Kentucky Saturday, May 16, 1959. Present were Chairman Lani.er, Trustees W. P. Caldwell, Gosney, Armstrong, Logan Caldwell and Lively and President Spragens. l. The meeting was opened with a prayer by Dr. Gosney. 2 • Mr. Spragens reported that Mr. Edward M. Rall has ass1uned his duties as Treasurer and Business Manager of the College and the transfer of duties is going smoothly. 3. Mr. Spragens reported that the Honorary Degree Cnrom1ttee had met and made the following recommendations for honorary degrees to be a,ra.rded at Commencement in J11ne: Mr. Barry Bingham, Icuisville, Kentucky, L.H.D. j and the Reverend James W. Angell, Lexington, Kentucky, D.D. These recommendations are being sent to the full Board for baJ Joting. 4. It was agreed that the full Board of Trustees will meet on Friday, J 11 ne 5, 1959, in the afternoon, and on Saturday, June 6, 1959, in the morning. The Executive Cornm1ttee will meet, if necessary, on ~aJl of the Cha:frman. 5. Mr. Arnicar made the Comptroller's quarterly report as of April 30, 1959. Comparisons were made with conditions one year earlier, and Mr. Arnicar said it appears that we will operate within the projected bud.get for the fiscal year. (Copies of the report are enclosed.) 6. On motion of Mr. Logan Caldwell, seconded by Mr. Armstrong, the appointment of Hifner and Potter of Lexington, Kentucky; as auditors of the College for the ensuing year was authorized. 7. A. On motion duly made, seconded and waoimously adopted, it was resolved by this Committee that Mr. Edward M. Ra.Jl be desjgnated as the person to execute all reports to the U.S. Treasury Department concern1og alcohol storage and to sign receipts for aJ..cohol for the College. B. On motion duly made, seconded and unanimously adopted, the following resolution concerning surplus property was adopted: WHEREAS, this is the governing Board of the College,and WHEREAS, it is a tax-supported or a. non-profit and tax exempt school system, school, college, university, medical institution, hoapi tal, clinic or health center, or a Civil Defense organization designated pursuant to State Law, and WHEREAS, the property requested under authority of this Resolution, is usable and necessary in the State for education, public health or Civil Defense purposes for which acquired, including research for any such purpose, and for no other purpose, and WHEREAS, the property is required for use to fulfill an existing need and is not being acquired for any other use or purpose �-2- for use outside of the State or for sale, and WHEREAS, funds a.re available to pay the coats of care and handling incident to donation, including packaging, preparing for shipping and transporting such property, and WHEREAS, the terms, conditions, and instructions imposed by the Federal Government and the Division of Property Utilization will be observed and fulfilled, and I WHEREAS, it is understood that the property acquired regardless of acquisition cost sha.J l be on an "as is", ,.where is" basis, , without warranty of any kind. NOW THEREFORE, IT IS HEREBY RESOLVED: (1) That Edward M. RaJJ, Business Manager, is hereby authorized as a representative of Centre College to sign any doc11roents required by the Di vision of Property Utilization for the selection and receipt of donable surplus property from the Federal Government. (2) That a certified copy of the Resolution be filed with the Division of Property Utilization and the same shall remain in full force and effect until revoked by written notice. 8. The President made an interim report on the following subjects: A. It was reported that enroJJment in the Freshman class equivalent in number to that of last year is projected for September, 1959. B. Mr. Spragens said that the morale of the student body is better than at any time since his arrival. He stated his particular plea.sure at the student body's approval of a judiciary system and the general inclination of students to accept more responsibility in student governmeut. C. It was reported that the administration is still seeking a chapJa1n for the coming school year and that several candidates are being interviewed, some of whom are thought to be well-qualified. D. Mr. Spragens presented proposed Articles of Organization of the Faculty, Statement of Policy on Academic Freedom and Statement of Policy Regarding Academic Tenure. ( Copies of el J are enclosed with these minutes.) A:rter a discussion of these three proposals, it was agreed that they should be referred to the full Board of Trustees for action at its J11ne meeting. · E. Mr, Spragens reported the following resignations at the end of the school year: ?-1r. Robert Cocanougher, Physical Education; Mrs. Peck, Sigma. Chi housemother; end Mrs. Adams, Phi Delta Theta housemother. F. It was reported that the Inter-Fraternity has adopted a recommendation favoring eventual fraternity housing in College-constructed dormitories with separate entrances and lounge areas assigned to each fraternity. �-3G. It was reported that a more thorough inspection of the College premises bas been made by the State Fire Marshal's office and that recommendations for immediate action are being followed by the College. H. The President presented for information a preliminary drawing of the proposed master plan of the campus. I. It was reported that the Alumni Fund has reached about the ~ame dollar level as this time last year and is somewhat behind in the number of contributors. However, it was pointed out that there had been one more maj Jing of 11terature at this time last year. J. Mr. Spragens reported that there is a group in U.S. Presbyterian Synod who want to eliminate or drastically reduce the support of Centre by that Synod. He expects this matter to come up on the floor of Synod in June. He said that there will be a strong recommendation by the Board of Curators and the Synod's Comm1ttee on Christian Education to continue or increase the support for Centre. K. It was reported that the College will submit the necessary papers seeking preliminary approval of a Federal Housing Loan for the construction of dormitories and a central dining area and that preljminary approval, while not binding on the College, will fix the interest rate for such a loan if it ,., is eventue.Jly required at two and seven-eights percent. There being no :further business to come before the meeting, on motion it was adjourned. Pierce Lively Secretary �3 1.9 CENTRE COLLEGE OF KENTUCICT Balance Sheet Statement- Operating Fund . ASSETS Current Funds Cash in Bank Petty Cash Fund April JO , 19.59 3, 329 •.59 1, 000 . 00 4, 329 . 59 Notes Receivable General Fund Lichter Loan Fund Accounts Receivable Prepayment Plan 184.63 1,175 .00 Deferr ed Expense Departmental 8, 331 •.57 Inventories Prepaid Insurance 18,484 . .51 28 ,101 .93 Due from Other Funds Evans- Sumrall Scholarships General Scholarship Total Assets 161 .00 733. 89 62 ,089 .77 87 .6.5 500 . 00 LIABILITIES Accounts Payable Accrued Salaries & Wages Federal Taxes \-Ji thheld Salary Savings Withheld Hospitalization Insurance Social Security Taxes withheld State Taxes withheld 4,994.18 21 ,467 .83 7,122 .82 1J6 .88 JJ0 .43 1,41) •.57 974 . 51 Prepaid Charges Meal Tickets- Men Board Charges-Women 18,398. 69 15, 8' 3. 14 Due Other Funds Due to Prize Fund Due to DKE House Fund Reserves Lilly Foundation Miscellaneous Research Program Gifts for Designated Purposes Anna M. P. Cooper Scholarship National Defense Student Loan Lichter Foundation-Student Loan Prepayment Plan Investments Surplus-Deficit Account: Accumulated Operating Deficit Operating gain or (loss) 3,804. 88 135 .05 15,300 .00 324 .23 715 .67 1,995 .00 36 ,440 . 22 )4,241 . 83 J,9J9 .93 18,))4. 90 688 .79 289 .00 500 . 00 1,175 .00 (74,0J2 . J7) 40 , 512 .47 31 , 519 .90 62,089 .77 �• 320 CENTRE COLLEGE OF KENTUCICT Balance Sheet Statement- Operating Fund . ASSETS Current Funds Cash in Bank Petty Cash Fund April JO, 1959 3, 329 .59 1,000 . 00 4,329 .59 Notes Receivable General Fund Lichter Loan Fund Accounts Receivable Prepayment Plan 184.63 1,175.00 Defet'r ed Expense Departmental 8,JJl. 57 Inventories Prepaid Insurance 18,484.51 28 ,101 .93 87.65 500 . 00 Due from Other Funds Evans- Sumrall Scholarships General Scholarship Total Assets LIABILITIES Accounts Payable Accrued Salaries & Wages Federal Taxes \Ji thheld Salary Savings Withheld Hospitalization Insurance Social Security Taxes withheld State Taxes withheld Prepaid Charges Meal Tickets- Men Board Charges-Women Due Other Funds Due to Prize Fund Due to DKE House Fund Reserves Lilly Foundation Miscellaneous Research Program Gifts for Designated Purposes Anna M. P. Cooper Scholarship National Defense Student Loan Lichter Foundation-Student Loan Prepayment Plan Investments Surplus-Deficit Account : Accumulated Operating Deficit perating gain or (loss) 161.00 733.82 b2,089.77 4,994.18 21,467 .83 7,122 .82 1J6 . 88 JJ0 .4J l,41J . 57 971 51 +. 18 , 398 .69 15, 84,'3 .14 J ,804. 88 1J5 .05 36 ,440. 22 J4,241.8J J ,9J9 .9J 15, JOO .OO J24 . 2J 715 .67 1 ,995 .00 688 .79 289 .00 500 . 00 1,175.00 (74 ,0J2 . J7) 40 , 512 .47 31,519.90 62 ,089 .77 �321_ BU.lJli.c;T rOMP.A RJ.S0N EXPENSE Budget 1958- 59 General A dministr ation Pr esident 's Offi ce Comptroller's O ffice Tr easur er' s O ffice Boards Student Services Registr ar' s Office Dean of Students Dean of Women Healt h Service Student Activities Vocational Guidance Bus Service Staff Benefits General Institutional Expense General Alumni Office Communications Publicity Office Student Admissions General Secr etary Instructional Expense Departmental & General Library Oper ations & Maintenance Auxilia[I: EnterQrises Residence Halls-Women Residence Hall-Wiseman Residence Hall-McReynolds Residence Hall- Breckinridge Centreville Intercollegiate Athletics Student Aid Annuities TOTAL EXPENSE Expended U nexpended Per centage April 30 ,1959 Balance Expended 29 , 210 . 00 16 , 255 . 00 13 , 37.5 . 00 600 . 00 59 ,440 . 00 20 ,144.80 12,010.84 5 ,487 .97 103 . 38 37 ,746 .92 9,065 . 20 4, 244 .16 7,887 .0J 496.62 21, 693.01 6 . .5 6 ,87.5 . 00 J , 700 . 00 .5 , Jl.5 . 00 7,822 . 00 8 ,110. 00 5,875 . 00 42 , 773 . 00 4 ,921.17 2,673. 26 J , 796 .lJ 4 ,.587 •.55 2,479 .56 6 ,070 . 90 6 ,862 .73 31, 391. 30 l, 95J .8J 1, 026 . 74 1, .518 .87 3, 234. 45 2,.596 . 44 2,039 .10 (987.7 3) 11,381 . 70 71. 6% 72 . 2% 71 . 4% .58 . 6% 48 .8% 74.8% 116.8 7 .~ 21 , 230 . 00 15 ,173. 69 6 ,056,31 71,, % lJ ,60.5 . 00 16 ,688 . 00 12 ,104.8) 1J ,786 . J4 51 l l8 .6J 930 .11 21 , 309 . 93 10 ,774.99 64 , 024. 83 1 , .500 .17 2, 901.66 1, 221. 37 514.89 88 .<{/> 5 ,076 .00 6 , )40 . 00 1 ,44.5 . 00 26 ,935 .00 5,625 .07 68. 9% ?J .<ff, 41 . 0% 1 . 82 . 6% 80 .71, 64 .4% 79 .1% ~ •Og8 ,0l 1,81 .12 ~ 249 ,967 . 00 176 ,.56.5 . 22 7), 401 . 78 8 ,65.5 .91 26 , 218 .00 17 ,.562 . 09 106 ,722 . 00 86 , 794 . 49 19 ,927 . 51 382 ,907 . 00 280 ,921 .80 101 ,985 . 20 70 . 6<1/, 66 . 9% .5 ,728 . 00 27,285 . 00 J ,880 . 00 24 1252 . 00 91 , 292 . 00 16 , 773 . 34 4,112 . 00 J , 4914- . 21 20 ,094 . 50 2,978 . 27 12 .204 . zz 65 , 357 . 02 7,640 .66 1 ,626 . 00 2,233 .79 7 ,190 . 50 901 .73 611±2 . 22 25 ,939 . 91 68 . 7% 71 . 7% 60 . 9/; 7J . 6% 76 . 9% ~ 2 65 ,405 . 00 65 , 295 • 50 109 , 50 99 ,8% 21500 . 00 1 ,875 , 00 625 ,00 75 . 0% .561 ,786 .20 182 ,651 .80 75 .51, 13 ,872. 00 78 ,88 .oo 24 , 414. 00 5,738 .00 744, 4J8 . 00 �322 ARTICIES OF ORGANIZATIOI~ OF THE FACULTY 1. The faculty of Centre College of Kentucky shall consist of the president, aJ J officers of instruction having the rank of instructor or above, and other ~dro1nistrative officers recommended by the president and approved by the Board of Trustees. 2. The appointment of all officers of instruction shall be made on the nomination of the president to the Board of Trustees. In the selection of a person for appointment, a strong effort shall be made to secure a man or woman possessed of a lively and continuing scholarly outlook, unimpeachable Christian character and commitment, a genuine interest in teaching, and marked ability as a teacher. These characteristics shall also be a prime consideration in the recommendation of members of the faculty for promotion in academic rank. a. Persons appointed to the rank of full professor shall be holders of the doctor of philosophy degree or its equivaJ.ent and shall have had at least seven years of successful full-time college teaching. They shall have demonstrated conclusively continuing scholarly attributes by current study and research in their field and by creative teaching . b. Persons appointed to the rank of associate professor shall ordinarily be holders of t he doctor of philosopl1y degree or its equivalent and shall have had at l e ast five years of successful full-time college teaching experience or experience believed to be of equal value. c. Persons appointed to the rank of assistant professor shall preferably be holders of the doctor of philosophy degree or its equivalent and shall preferably have bad some experience in college teaching. Those without the doctor of philosophy degree who are nppointed to the rank of assistant professor shall be holders of the master of arts degree or its equivalent and shall ordinarily have had at least one year of �323 2 graduate study beyond the maste~•s degree or shall have attained an equivalent level of scholarship . Ordinarily they sbaJ J also have had at least three years of successful college teaching experience or experience believed to be of equal value . d. Persons appointed to the rank of instructor shall ordinarily be holders of the master of arts degree or its equivalent. e. When a new faculty appointment is contemplated, the president of the College shall appoint a special committee of at least three faculty members to recommend to him a suitable person or per sons for such appointment. The coromi ttee sha.J l norma.J ly include the dean of the College and the chairman of the department concerned . 3. The faculty shall have general charge of admissions, instruction, attendance of students, examinations, the curriculum, the athletic program, and discipline of the College , including the power to censure, suspend or dismiss a student. The faculty shaJ.l also have charge of matters involving the social and religious welfare of the College . The faculty shall determine the qualification of all candidates for graduation and recommend to the Boa.rd of Trustees the awarding of appropriate degrees to all qualified candidates. 4. The faculty shall meet regularly once each month for the transaction of business. The president or, in hie absence, the dean of the College has authority to convene the faculty for advice or business whenever he deems it expedient. A majority of the faculty shall constitute a quorum. In meetings of the faculty, the president or, in his absence, the dean shall preside. Any faculty member, by requesting such action, may have the decision on a significant matter of policy postponed from one regular faculty meeting to the next. 5. The faculty shall keep a book of minutes and shall appoint one of their �324 3 number to be a secretary who she.Jl enter therein a correct statement of alJ transactions and resolutions. 6. The president, the dean, the dean of students, the dean of women, the secretary of the faculty, and four faculty members elected for terms of four years each shall compose the Academic Council. One faculty member shaJ.l be chosen at large and one from each of these three di visions: h11roa.nities, naturA...1 s0i~n~PsJ and social sciences. The council shall act for the fnculty on student petitions, on questions of academic probation including dropping students for academic failure, end on any other urgent business which cannot be postponed until the faculty meets, The council may also advise the administrative officers on any college matters referred to it end may recommend to the faculty changes in educational policies. 7. The president shall appoint sta.nding corom1 ttees and special coromi ttees, except as otherwise specifically determined by vote of the faculty. All committee actions shaJ.l be submitted to the faculty for final approval except where power to act has been previously granted by a majority vote of the faculty. faculty. No change in policy shall be made without approval of the All standing committees of the faculty shall have a full written statement of their duties and procedures, approved by the faculty. �4 STATEMENT OF POLICY ON ACADEMIC FREEDOM 1-. The teacher is entitled to full freedom in research and in the publication of the results, subject to the adequate performance of his other academic duties; but research for pay shall be based on an understanding with the authorities of the College. 2. The teacher is entitled to freedom in the class room in discussing his subject, but be should be careful not to introduce into his teaching controversial matter which has no relation to his subject. In view of the Christian commitment of Centre College, a teacher or an arlministrative officer shall be an active member of the evangelical church of his choice. 3. A teacher or an administrative officer is a citizen, a member of a learned profession, and an officer in an educational institution. When he speaks or writes as a citizen, he should be free from institutional censorship or discipline, but his special position in the community imposes special obligations. As a man of learning and an educational officer, be should remember that the public may judge his profession and the College by his utterances. Hence he should at all times be accu-- rate, should exercise appropriate restraint, should show respect for the opinions of others, and should ma.l<e every effort to indicate that he is not an institutional spokesman. �326 5 STATEMEI'lT OF POLICY REGARDING ACADEMIC TENURE 1. After the expiration of a probationary period, teachers shall have permanent or continuous tenure, and their services shall be terminated only for adequate cause, except in the case of retirement for age or, under extraordinary circumstances, because of financial exigencies. 2• The appointment of a member of the faculty to an administrative responsibility as president, dean or departmental chairman does not carry with it any right to permanent or continuous tenure in that responsibility. Nor <locs the termination of such an appointment alter any right to permanent or continuous tenure which the individual concerned may otherwise possess as a member of the faculty. 3. The precise terms and conditions of every appointment shall be stated in writing and be in the possession of both the College and the teacher before the appointment is cons11mma.ted. 4. A faculty member shall retire from active teaching at the commencement following his sixty-fifth birthday, but the president, with the approval of the Board of Trustees, may invite such a faculty member to continue in active service for one or two years at a time, for a total of as many as five additional years, if in the judgment of the president such continuance will be advantageous to the College . Faculty members who are asked to continue teaching after passing their sixty- fifth birthday will normally be relieved of administrative responsibilities . 5. Beginning with appointment to the rank of full-time instructor or a higher rank, the probationary period shall not exceed seven years, including within this period full-time service in all institutions of higher education; but subject to the proviso that when, after a term of probationary service of more than three years in one or more institutions, a teacher is called to Centre College of Kentucky, it may be agreed in writing that his new �327 6 ep~ointment is for a probationary period of not more than four years, even though thereby the person's total probationary period in the academic profession is extended beyond the normal maximum of seven years . Notice shall be given at least one year prior to the expiration of the seven-year probationary period if the teacher is not to be continued in service after the expiration of that period. The adoption of this section shall not affect the status of faculty members who attained permanent or continuous tenure under the by-law of the Board of Trustees previously in force. 6. Termination for cause of a continuous employment, or the dismissal for cause previous to the expiration of a stated term of employment, shall be considered by both a faculty comm1ttee on tenure, elected by the faculty, and the Board of Trustees. In a.11 cases where the facts are in dispute, the accused shall be informed in writing before the hearing of the charges against him and shall have the opportunity to be heard in his own defense by aJJ bodies that pass judgment upon his case. He shall be permitted to have with him an adviser of his own choosing who may act as counsel. There shall be a full stenographic record of the hearing available to the parties concerned. In the hearing of charges of incompetence, the testimony shall include that of teachers either from this or from other institutions. Termination of a continuous employment because of the financial exigency of the College shall be demonstrably bona fide. 7. A teacher on permanent or continuous tenure who is dismissed for reasons other than moral turpitude or overt actions by such teacher constituting just and ad.equate cause shall receive one year's notice and shall reaeive full salary for at least one year from the date of notification. If, how- ever, he elects to accept employment elsewhere or to begin receiving income under his retirement annuity contract, the payments otherwise due from the �328 1 College sha.l l be reduced by the amounts received from either of these sources. In the event that he leaves the College before the year elapses to accept employment elsewhere, the date of termination shall be mutually agreed upon between the indi vid,1a.l and the president. 8. If either the College or the teacher wishes to terminate the existing agreement during the first or second year of the teacher's service, written notice sha]l be given at least five months before the opening of the next academic year. If during the third through the sjxth years of the proba- tionary period, either the College or the teacher wishes to terminate the existing agreement, written notice shall be given at least six months before the opening of the next academic year. If circumstances make it necessary for the teacher to resign on shorter notice, the terminating date shall be mutually agreed upon between him and the president. 9. A teacher on permanent or continuous tenure who may wish to termin~te his services shall give the College written notice of his intention at least six months before the opening of the next academic year. 10. .Any deviation from the time limits stipulated in any of the above paragraphs shall be made only after personal conference and the mutual consent of both faculty member and the College. 11. The engagement of a member of the faculty or a member of the administration by Centre College of Kentucky, unless otherwise stated in writing, is understood to involve the full time of that person in the service of the College. Therefore, such a fc1J 1-time member of the faculty or eom1 nistration shall not accept outside employment, whether temporary or permanent, without prior consultation with the president and the approval of the Board of Trustees of the College, such approval to be granted in writing. There will be times when by mutual agreement such outside employment will be considered desirable. However, it will be acceptable to the College �329 8 only if it is within the professional field of competence, and thus related to the teaching of the individual faculty member, or if in some other way it has direct bearing on the responsibility of the College as a teaching institution. It is understood that the long s11mmer vacation is not considered as being part of the full time of a faculty member's service to the College, unless it has been so deslgnated in writing and been so accepted by both the fa~ulty member concerned and the College. Adopted by t he faculty May 8, 1959, subject to approval by the Board of Trustees �330 Minutes of the meeting of the BOARD OF TRUS·rEES of Centre College of Kentucky June 5 and 6, 1959 The meeting convened at 2:00 P. M . Present were Chairman l8nier, Miss Yerkes, Mrs. Cheney, Messrs. Armstrong, Baker, Barr, Blazer, Frank Caldwell, Logan Caldwell, \?. P. Caldwell, Campbell, Faulconer, Gosney, Lee, Lively, Nichols, Price, Rogers, Sutcliffe , Tate, Van.Antwerp, Van Winkle, and President Spragens. The oath of office as Trustee of Centre College was administered to Mr. Barr and Dr. Price. 1. The meeting was opened with a prayer by Dr. Gosney The minutes of the last meeting of the full Board of Trustees and the minutes of the meetings of the Executive Committee held on December 6, 1958, March 21, 1959, April 21, 1959, and May 16, 1959, were approved as previously circulated and the reading thereof waived. 2. 3. Mr. Campbell, chairman of the Nominating Committee, presented the Committee's report nominating the following persons for the office of Trustee for terms expiring June 30 , 1965: Ewing T. Boles, Don A. Campbell , Reverend Arthur R. Hall, and A. Chauncey Newlin. No other nominations were received, and on vote duly made and seconded the four nominees were elected by the unanimous vote of the twenty-two trustees present, and the Secretary was instructed to cast a single ballot for their election. 4 . Mr. Logan Caldwell then noroina.ted Mr. George F. Lee for the office of Trustee Emeritus, and on a motion duly seconded Mr. Lee was unanimously elected on the affirmative vote of aJ.l the trustees present. 5. The Nominating Committee then made the following nominations of officers of the Board of Trustees for the ensuing year: Chairman, Ike Lanier; Vice Chairmen, Elbert G. Sutcliffe. On motion duly made and seconded each of these officers was unanimously elected. 6. It was moved, seconded and carried that the following members of the senior class , on recommendation of the faculty, be awarded the degree of Bachelor of Arts on June 7, 1959: Elizabeth Pa11l 1 Alexander Barbara Lynn Allen Susan Smith Ball Cum Laude #William Henry BaJ.l Clyde Douglas Bannester, Jr . The William Ernst Memorial William Edward Barrasa William Clark Billips Astride Biaofa Young Ok Choi Troy Roger Cook Marrowbone, Kentucky Danville, Kentucky Smith, Kentucky Harlan, Kentucky Bedford, New York Prize, Debate Hartford, Kentucky Louisville, Kentucky Danville, Kentucky Seoul,Korea Cumberland, Kentucky �33:1_ -2Mary Ruth Cow~e~ Rarlan, Kentucky West Liberty, Ohio Knoxville, Tennessee Janet Lou Craig • Judith Estelle Cramer Cum Laude -MMary Alice Cunningham Louisville, Kentucky Joan Willard Ditto Greenville, Mississippi Magna Cum Laude The Gavin Easton Wiseman Valedictorian Prize (Women's Division) The Breckinridge Jones Prize, History and Government William Barry Dixon Cincinnati, Ohio George John Ellis, III Glasgow, Kentucky Magna Cum Laude The George Winston Welch Valedictorian Prize (Men ' s Division) The Nelson Allen Chemistry Award The Preston Carter Chemistry Prize The Phi Beta Chi Scientific Fraternity Award Felix Preston Farmer , II Hazard, Kentucky Henry Sweets Faurest, Jr . Louisville , Kentucky Louisville , Kentucky Bennie Taylor Feese Magna Cum Laude The Ormand Beatty Al11mni_ Prize John Wilson Fish Somer set , Kentucky ~enneth Wisbrun Frankel Rochester, New York Elizabeth Ann He.11 Hartford, Kentucky Robert Hope ffankJa Danville , Kentucky The Sally Warfield Memorial Prize , Mathematics Jean Strauter Harney Paris, Kentucky Danville , Kentucky Kenneth Darrel Helm Jane Ellen Humphries Ft . Thomas, Kentucky William Mack Jackson Danville, Kentucky James Preston Jewell, Jr . Glasgow, Kentucky Jeralyn Clare Jones Ashland, Kentuclcy Marlene Ann Jones Louisville , Kentucky The Ero11y R. Cowan Memorial Prize, English Ann Foree Kavanaugh Danville, Kentucky William \{allace Kazee Ashland , Kentucky *Jung H Kim ee Seoul, Korea Alice Clair Kimbler Frankfort, Kentucky John Harold K11hnle Lexington, Kentucky Frances Elliott Lambert Huntington, West Virginia Mary Terry Leech Glasgow, Kentucky Elizabeth Gray Lindenberger Lynnville, Tennessee . The John W Yerkes Prize, English David Marshall Long Shelbyville , Kentucky Donalds . Major Sebree , Kentucky The Yeager, Ford and Warren Accountancy Prize Joseph Shelton Meredith , Jr . Jackson Heights, L.I. New York Elizabeth Thornton Myers Danville, Kentucky The George C. Young English Literature Prize Keith Newberry Myers Dundee , Illinois Wendell Dean Nash Danville, Kentucky James Garrett Noonan, III Louisville, Kentucky Maryanne Wallace Nuttall Eminence, Kentucky �332 -3#Elizabeth Sue Ploetz Ellicottville, New York David Frederick R~y Lyndon, Kentucky Joe R. Rirostidt, Jr. Danville, Kentucky The Nelson Allen Chemistry Award Mautrecia Ann Roberts Monticello, Kentucky #Edwin Moto Sakaguchi Ardmore, Pennsylvania Seton Alan Schweitzer Bridgeton, New Jersey Mary Jo Settle Glasgow, Kentucky Richard Alexanner Shrader Columbia, Kentucky Glenn Ray Spalding Lebanon, Kentucky Marian White Strange Stanton, Kentucky Philip Taliaferro, III Erla,nger, Kentucky James Alfred Thompson Newport, Kentucky Julia Thorn Clearfield, Penncylvania Mary Sue Treadway Mt. Ster)ing, Kentucky Danjel lewis Tnney Danville, Kentucky Jack Turner Bellevue, Kentucky Sandra Lee Waxler Columbia, Missouri Donna Hall White Louisville, Kentucky Emery Hardin White, Jr. Glasgow, Kentucky The William Ernst Memorial Prize, Debate The Owsley Rochester Memorial Award ~ompleted requirements of degree in January 1959 # In absentia It was moved, seconded and carried that the following students, on recommendation of the faculty, be awarded the degree of Bachelor of Arts in August, 1959, provided they meet aJ J requirements for graduation by that time! Howard James Blaut Susan Logan Edwards Carroll Cushman Gibbs Janice lee Woford Helm Virgil B. Lanham,Jr. James Thomas Morris Sally Lee Robinson Cold Spring, Kentucky Richmond, Kentucky Danville, Kentucky Danville, Kentucky Danville, Kentucky Louisville , Kentucky Danville, Kentucky 7. Mr. Spragens then made the President's report to the annual meeting, which consisted of a review of the events of the 1958-59 academic year and a series of recommendations for action by the Board of Trustees. A. In reviewing the past year President Spragens reported specifically on the following matters: ( 1) The first annual meeting of the Board of Curators 1-ras held on the campus on April 6 and 7. The report of the Curators has been filed with the trustees and with the moderators of the two Presbyterian Synods of Kentucky. O motion of Mr. Campbell, n which was duly seconded, the trustees voted that the report of the Board of Curators be received, and that the sincere appreciation of the trustees be communicated to the members of the Board of Curators. �-4( 2) Mr. Edward M. Ra.] l has taken office as Treasurer and Business Manager of the College as of April 1, 1959, with Mr. Arni car ass,1mi ng the duties of Comptroller and Assistant Treasurer. Mr. Spragens expressed appreciation for the able work of Mr. Logan Caldwell as Treasurer of the College over the past several years. (3) The establishment of a student judiciary for enforcement of disciplinary and social regulations of the campus beginning with the academic year 1959-60 has been authorized by the faculty, and the faculty Committee on Discipline has been discontinued. All actions of the Student Judicial Council will be subject to the approval of the Presideni or his designated representative. (4) The master-pJan study authorized by the trustees in October has proceeded substantially toward completion under the direction of Murphy and Mackey, architectural consultants of St. Louis. Mr. Spragens indicated that a principal question to be resolved and decided by the trustees would be whether the men's and women's campuses should be maintained separately for the long future, or whether arrangements should be made for consolidation of all facilities of the College on one side of town. He also stated that a major issue in the study has been the nature and location of permanent housing for the fraternities. It was reported that the Interfraternity Council had, after a year-long study, expressed its preference for fraternity units in row-type houses located on the campus . (5) Gi:t'ts to the College for the fiscal year to date have totaled $123,547.39. motion duly made, seconded and adopted the President was authorized to have an enn11a.J report of the College for the year 1958-59 printed and distributed to interested persons. , On President Spragens then stated that he had invited three men;L,crs of the arlm1nistrative staff to speak briefly to the Trustees about their work during the past year, and he first introduced Dr. Frank Heck, Dean of the College: who discussed the academic program of the College and the continuing work of the faculty in seeking to strengthen the College scholastically. Dr. Max Cavnes of the History Department, who is also faculty resident counselor in Breckinridge HaJl, then spoke to the Board about his work as counselor of freshman men. His report was encouraging both as to the results of the past year and the things to be expected in the years to come. He stated that the year 1959-60 will be a critical year in the area of discipline and student counseling because of the establishment of the student judiciary system. Mr. Ed Rall, the Treasurer and Business Manager of the College, then discussed briefly the matters which have been occupying his attention in the two months since he ass11med his responsibilities and outlined some of the matters with which he would be concerning himself in the near future. The Board received aJl of these reports with thanks and appreciated having the opportunity to hear directly from these officers of the College. �-5B. Mr. Spragens then made recorrJ!!lendations as follows: (1) That the following enro1nistrative personnel be granted faculty status: Registrar, Mrs. Violetta Shearer; General Secretary, Mr. John E. Frazer; Treasurer and Business Mana£er Mr. Edward M. Rall; Librarian, Mrs. Sabra Barber. It was ' moved, seconded and unanimously adopted that these members of the aiiroinistration of the College be granted faculty status. (2) Mr. Spragens then presented the proposed Articles of Organization of the Faculty and Statement of Policy on Academic Freedom and Statement of Policy on Academic Tenure. He stated that all of these statements and articles had been worked out carefully by the faculty over a long period of time. Each of these was discussed spearately by the Board and dete11ed questions asked by various members of the Board. Following this period of discussion, the following action was taken: (a) The A~ticles of Organization of the Faculty were UDe.nimously approved, (b) The Statement of Policy Regarding Academic Tenure was discussed, and it was moved and seconded and approved that Section 6 be amended to read: "Termination for cause of a continuous employment, or the dismissal for cause previous to the expiration of a stated term of employment, shall be considered by goth (deleted) a faculty committee on tenure, elected by the faculty, and final action shall be taken by (added) the Board of Trustees . 11 It was then moved, seconded and unanimously carried that the Statement of Policy Regarding Academic Tenure as amended be approved by the Board. (c) It was moved, seconded and carried that the Statement on Academic Freedom be approved by the Board of Trustees. ARTICLES OF ORGANIZATION OF THE FACULTY* 1. The faculty of Centre College of Kentucky shall consist of the president, e.11 officers of instruction having the rank of instructor or above, and other administrative officers recommended by the president and approved by the Board of Trustees. 2. The appointment of a.J 1 officers of instruction shall be made on the nomination of the president to the Board of Trustees. In the selection of a person for appointment, a strong effort shall be made to secure a ma.n or woman possessed of a lively and continuing scholarly outlook, unimpeachable Christian character and commitment, a genuine interest in teaching, a.'1d ma,rked ability as a teacher. These characteristics shall also be a prime consideration in the recownendation of members of the faculty for promotion in academic rank • • 334 �335 . 6a. Persons a.ppo1nted to the rank "'f full professor shal J be holders of the doctor of philosuphy <i.egre~ or its equivalent and sliaJl have had at least seven years of successful f'lill-t1me college teaching. They sbaJ 1 have demonstrated conclusively contin11i ng schol a.rly attributes by current study and research in their field and by creative teaching. b. Persons appointed to the rank of associate professor eha.J J ord:lnerily . be holders of the doctor of philosophy degree or its equivaJ.ent end sbaJJ have had at least five years of successful full-time college teaching experience or experience believed to be of eq11al value. c• Persons appointed to the rank of assistant professor sbal l preferably be holders of the doctor of philosophy degree or its equivalent and shall preferably have had some experience in college teaching. Those without the doctor of philosophy degree who are appointed to the rank of assistant professor shall be holders of the master of arts degree or its equivalent and shall ordinarily have had at least one year of graduate study beyond the master's degree or shaJJ have attained an equivalent level of scholarship. Ordinarily they shall also have had at least three years of successful college teaching experience or experience believed to be of equal value. d. Persons appointed to the rank of instructor sba.] J ordinarily be holders of the master of arts degree or its equivalent. e. When a new faculty appointment is contemplated, the president of the College sball appoint a special committee of at least three faculty members to recomroelld to him a suitable person or persons for such appointment. The comm1ttee shaJl nomally include the dean of the College and the cbai:rman of the department concerned. 3. The faculty shall have general charge of a4rn1ssions, instruction, attendance of students, exarn1nations, the curriculum, the athletic program, and discipline of the College, including the power to censure, suspend or dismiss a student. The faculty shall also have charge of matters involving the social and religious welfare of the College. The faculty sbaJl determ:lne the qualification of all candidates for graduation and recommend to the Board of Trustees the awarding of appropriate degrees to aJ l q,1aJ ified candidates. 4. The faculty shall meet regularly once each month for the transaction of business. The president or, in his absence, the dean of the College has authority to convene the faculty for advice or business whenever be deems it expedient. A majority of the faculty sball constitute a quorum. In meetings of the faculty, the president or, in bis absence, the dean shall preside. Any faculty member, by requesting such action, may have the decision on a significant matter of policy postponed :f'rom one regular faculty meeting to the next. 5. The faculty sbaJ l keep a book of minutes and sbaJ l appoint one of their number to be a secretary who shall enter therein a correct statement of all transactions and resolutions. 6. The president, the dean, the dean of students, the dean of women, the secretary of the faculty , and four faculty members elected for terms of four years each shall compose the Academic Council. One faculty member shall �336 -7be chosen at large and one f:rom each of these three divisions: h,1mantties, natural sciences, and social sciences. The council shall act for the faculty on student petitions, on questions of academic probation including dropping students for academic failure, and on any other urgent business which cannot be postponed until the faculty meets. The council may also advise the arlm1nistrative officers on any college matters referred to it and may recomroeud to the faculty changes in educational policies. 7. The president shall appoint standing committees and special committees, except as otherwise specifi<'aJ l y determined by vote of the faculty. .AJ] committee actions shall be submitted to the faculty for final approval except where power to act bas been previously granted by a majority vote of the faculty. No change in policy shaJ J be made without approval of the faculty. AJ 1 standing c0mroittees of the faculty shall have a full. written statement of their duties and procedures, approved by the faculty. STATEMENT OF POLICY REGAR!)ING ACADEMIC TENURE* 1. After the expiration of a or continuous tenure, and cause, except in the case circi1mstances, because of probationary period, teachers shaJ 1 have permanent their services shall be term1nated only for adequate of retirement for age or, under extraordinary financial exigencies. 2. The appointment of a member of the faculty to an administrative responsibility as president, dean or departmental chair~an does not carry with it any right to permanent or continuous tenure in that responsibility. Nor does the termination of such an appointment alter any right to permanent or continuous tenure which the individual concerned may otherwise possess as a member of the faculty. 3. The precise terms and conditions of every appointment she.JJ be stated in writing and be in the possession of both the College and the teacher before the appointment is cons11mmated. 4. A faculty member shaJ l retire from active teaching at the commencement following his sixty-fifty birthday., but the president, with the approval of the Board of Trustees, may invite such a faculty member to continue in active service for one or two years at a time, for a total of as many as five additional years , if in the judgment of the president such continuanne will be advantageous to the College. Faculty members who are asked to continue teaching af'ter passing their sixty-fifth birthday will normally be relieved of administrative responsibilities. 5. Beginning v.l.th appointment to the rank of :full-time instructor er a higher rank, the probationary period shall not exceed seven yea.rs, including v.l.thin this period :full-time service in all institutions of higher education; but subject to the proviso that when, after a term of probationary service of more than three years in one or more institutions, a teacher is cal Jed to Centre College of Kentucky, it may be agreed in ¥1riting that his new appointment is for a probationary period of not more than four years, even though thereby the person's total probationary period in the academic profession is extended beyond the normal maximum of seven yea.rs. Notice shall be given at least one year prior to the expiration of the seven-year probationary period if the teacher is not to be continued in service af'ter tLe expiration of that period. The adoption of this section shal 1 not affect �337 -8the status of faculty members who attained permanent or continuous tenure under the by-law of the Board of Trustees previously in force. 6. Termination for cause of a continuous employment, or the dismissal for cause previous to the expiration of a stated term of employment, shall be considered by a faculty committee on tenure, elected by the faculty, and final action shall be taken by the Board of Trustees. In aJJ cases where the facts are in dispute, the accused sha.J J be informed in writing before the hearing of the charges against him and shaJJ have the opportunity to be heard in his own defense by all bodies that pass judgment upon his case. He sbaJJ be permitted to have with him an adviser of his own choosing who may act as counsel. There sbaJl be a full stenographic record of the hearing available to the parties concerned . In the hearing of charges of in"'ompetence, the testimony shall include that of teachers either from this or from other institutions. Termination of a continuous employment because of the financial exigency of the College shall be demonstrably bona fide. 7. A teacher on permanent or continuous tenure who is dismissed for reasons other than moral turpitude or overt actions by such teacher constituting just and adequate cause shall receive one year's notice and shall receive full saJ.ary for at least one year from the date of notification. If, however, he elects to accept employment elsewhere or to begin receiving income under his retirement annuity contract, the payments otherwise due from the College shall be reduced by the amounts received from either of these sources. In the event that he leaves the College before the year elapses to accept employment elsewhere, the date of termination shall be mutuaJ J y agreed upon between the individual and the president. 8. If either the College or the teacher wishes to terminate the existing agreement during the first or second yea:r of the teacher's service, written notice shaJ 1 be given at least five months before the opening of the next academic year. If during the third through the sixth years of the probationary period, either the College or the teacher wishes to terminate the existing agreement, written notice shall be given at lee.at six months before the opening of the next academic year. If circumstances make it necessary for the teacher to resign on shorter notice, the terminating date shall be mut,1a.J ly agreed upon between him and the president. 9. A teacher on permanent or continuous tenure who may wish to terminate his services shall give the College written notice of his intention at least six months before the opening of the next academic year. 10. Any deviation from the time J 1m1 ts stipulated in a:n.y of the above paragraphs shall be made only after personal conference and the mut11a.J consent of both faculty member and the College . 11. The engagement of a member of the faculty or a member of the administration by centre College of Kentucky, unless otherwise stated in writing, is understood to involve the full time of that person in the service of the College. Therefore, such a f'ull-time member of the faculty or Mmiuistration shall not accept outside employment, whether temporary or perman~nt, without prior consultation with the president and the approval of the Board of Trustees of the College, such approval to be granted in writing. There will be times when by mutual agreement such outside employment will be considered desirable. However, it will be acceptable to the College �338 -9only if it is within the professional field of competence and thus related to the t:aching of. the indi vidnaJ faculty member, or if i~ some other way it bas direct bearing on the responsibility of the College as a teaching institution. It is 11 nderstood that the long s11mmer vacation is not considered as being part of the full time of a faculty member's service to the College, 11 0) ess it bas been so designated in writing and been so accepted by both the faculty member concerned and the College. STATEMENT OF POLICY ON ACADEMIC FREEDOM* 1. The teacher is entitled to full ~edom in research and in the publication of the r esults , subject to the adequate performance of bis other academic duties; but research for pay shall be based on an understanding with the authorities of the College. 2. The teacher is entitled to :freedom in the class room in discussing his subject, but he should be careful not to introduce into his teaching controversial matter which bas no relation to his subject. In view of the Christian commitment of Centre College, a teacher or an enroinistrative officer shall be an active member of the evangelical church of his choice. 3. A teacher or an administrative office is a citizen, a member of a learned profession, and an officer in an educational institution. When he speaks or writes as a citizen , be should be free from institutional censorship or discipline, but his special position in the community imposes special obligations. As a man of learning and an educational officer, he should remember that the public may judge his profession and the College by his utterances. Hence he should at all times be accurate, should exercise appropriate restraint, should show respect for the opinions of others, and should make every effort to indicate that be is not an institutional spokesman . * As approved by the Board . (3) On recommendation of the President, Dr. Camila HenriquezUrena was appointed visiting Professor of Modern Languages for the academic year 1959-60 under a Whitney Foundation grant. The Foundation is to pay $5500.00 of her salary and the College is to pay $2000 . 00 and provide suitable housing. (4) The Vinson Memorial lectureship was discussed at some length by the Board, and it was agreed that speakers of the highest caliber should be sought to lecture on public affairs. The President will seek the advice of the faculty and ma.ke recommendations to the Executive Committee concerning the time of the lectures and the speaker, or speakers, to be invited. The meeting was r e cessed until 10:30 A.M., Saturday, June 6. The Board of Trustees reconvened on Saturday morning, June 6, 1959, wit!"! Mr. Hugh Nevin attending in addition to those who attended the previous aession. 8. President Spragens discussed briefly the report of the Controller for the third quarter of the fiscal year as contained in the Ma.y minutes of the �339 -10Executive Committee. 9. Mr. Lively reported for the Investment Committee that at its meeting on the evening of June 5 the Committee had reviewed the investments of the College endowment fund with Mr. Frank Grady, a representative of the U.S.Trust Company of New York. It was reported that the Committee had voted to sell 250 shares of Travelers Insurance Company common stock and 707 shares of Oxford Paper Company conn:ron stock and with the proceeds to purchase 500 shares of Philips IBmp Works. On motion duly made and seconded, this action was approved. 10. Mr. Sutcliffe reported for the Committee on Finance and Development. He stated that the Committee plans to compile a list of the more iIJJportant needs of the College with approximate costs and to distribute this list to aJJ trustees for use in discussing the needs with others and planning their own gifts to the College. Mr. Sutcliffe then asked Mr. Spragens to make a further report for this C0mm1ttee and he brought the Board up to date on the survey which is being made cf the physical plant of the College and of the prel~ro1na.ry master plan for future development of the campus. Mr. Baker, a member of the Corom1 ttee, then made the following motion as a recommendation of the Finance and Development Committee: That the Boa.rd of Trustees authorize the Chairman to name a committee to employ the architects to make preliminary plans for a student center and for additional men's housing to accommodate not only those presently housed in fraternity houses but additional men students up to sixty for a total of one hundred and forty-four. It is contemplated that the committee to be appointed will supersede the present authorization for prel1m1nary architectural plans for the student activities building only. This motion was duly seconded and unanimously adopted. Thereupon, the Chairman, Mr. Lanier, appointed the following members of this committee: Mr. Barr, Mr. Tate, Mr. Armstrong, ~1r. Sutcliffe and Mr. Lanier. The Finance and Development Committee also reported to the Board that it approved the action of the Executive Committee in authorizing the preliminary application to the federal agency to provide f'unds for the developments contemplated, including the possibility of providing women's housing on the men's campus, but the Finance and Development Committee recommended to the Boa.rd that the previous action of the Executive Committee be amended to specify that the loan application include dining facilities as well as student housing, and that the amount be increased up to $1,725,000, to include sufficient funds for the cost of land and for an ad.ditiona.J 48 ,1nits of men' a housing. It was moved, seconded and carried by the Board of TrUstees that the action ta.ken by the Executive Committee on March 21, 1959, be amended to read that Mr. Spragens be authorized in hie discretion to ma.ke a preliminary application to the United States government for a Federal loan for student housing and dining facilities up to the sum of One Million Seven Hundred Twenty-Five Thousand Dollars ($1,725,000). This preliminary application is not binding but would serve to determine whether the financing could be done by this process and to freeze the interest rate at two and seven-eights percent if the application should be later processed to a conclusion. 11. It was agreed by the Board that the next meeting of the full Board of Trustees would be held during Homecoming weekend in the fa.Jl of 1959. On motion, the meeting was adjourned. Respectfully submitted, PIERCE LIVELY Secretary �34(,) Minutes of the meeting of the Finance and Development Committee of the Board of Trustees of Centre College of Kentucky, Wednesday, July 22, 1959 The Finance and Development Comro1ttee met in Louisville, J'uly 22, 1959, at the Pendennis Club. The iooeting was celled to order at 10:30 a.m. by Ctie.1rman Sutcliffe. Present were Messrs. Sutcliffe, Blazer, Tate, Campbell, Spra,seas, Rall, Lanier, and Frazer. Mr. Eugene Mackey of the architectural firm of Murphy and Mackey va.s also present to present the c~ster plan development of Centre College as it bas progressed to date. The meeting va.s opened by Chairman Sutcliffe who gave a brief res11me of the procedures that have been used thus far in reducing to paper the development plans of the College. President Spragens then pointed out that it was extremely necessary for us to have a master plan prior to the time that we proceed with any development. At this point be introduced Mr. Gene Mackey of the architectural firm of Murphy and Mackey to present the logic of the development plan- Mr. Mackey outlined the master plan program. At the completion of the presentation by Mr. Mackey it was moved by Mr. Blazer and seconded by Mr. Lanier that the Fine.nee and Development Comrn1ttee rec0nunend the approval of the general plan as presented by them to the Executive Comm1ttee. The committee voted wan1mously to present this reoororoerldation to the Executive Coromi ttee of the Board of Trustees. At this point Mr. Tate made a motion which was seconded by Mr. Campbell, to the effect that general approval be given for the location of the fraternity q11adrangle as it appears on the master plan and that it be recommended to the Executive Committee of the Board of Trustees that architects be retained to develop this area in accordance with the master plan program. The cornm1ttee voted 11nanimously in favor of this motion. Mr. Campbell then made a motion that preliminary study to determine the feasibility of acquiring land for the development of the women' e campus on the north side of Main Street in accordance with the Master Plan program be recommended to the Executive Comro1ttee. This particular motion was seconded by Mr. Le-n~er end unanimous approval was given by the committee. The comm:Sttee then adjourned for lunch. Respectfully submitted, JOHN W. FRAZER Secretary �July 24, 1959 To the Board of Trustees Centre College The Executive Committee, at its meeting in Louisville on July 22, has considered means of reducing or eliminating the accumulated deficit of the operating fund of the College, and has taken the action indicated at the close of the following excerpt from the minutes of the meeting, subject to ratification by the full membership of the Board: I "The financial statement for the first eleven months of the fiscal year 1-1as reviewed by Mr. Arnicar. A deficit for the fiscal year of about $40,000.00 was projected. This is compared with an estjmated deficit of $55,000.00 for the year at the time the budget was adopted. Mr. Spragens stated that at the close of this fiscal year the College will have an accumulated deficit of about $115,000.00. It is contemplated that the budget will be balanced for the year 1959.60 and methods o~ properly elim1nating this accumulated deficit were discussed by the Committee. It was pointed out that appro1C:imately two thousand dollars in interest is paid annua.J ly by the operating fund because of the very tight cash position of the fund which necessitates frequent borrowing. It was reca.JJed that it has been the policy over the years for the College to retain stock dividends in the principal of the endowment fund, whereas it would be a perfectly proper procedure to convert stock dividends into cash for use by the operating fund in the same manner as cash dividends. After discussing the various alternatives which might be pursued in an attempt to eliminate this accumulated deficit, it was moved, seconded and iioanimously adopted that the College determine the a.mount of stock dividends which the endowment fund bas received (as distinguished from stock splits) over a period of approximately ten years and that these stock d.ividens be appropriated to the operating fund for the purpose of eliminating the accumulated deficit. It was understood that this action would not in any way alter this year's operating statement but would be a "below-the-line" entry after the books were closed for the year. "It was then moved, seconded and unanimously adopted that the future policy of the Board of Trustees be that all stock dividends which did not exceed ten percent of a stock held at the time the dividend is distributed be considered the eame as cash dividends and appropriated to the operating fund. It was the understanding that in the event of stock dividends issued by companies in which the endowment fund did not wish to dispose of the stock received as a dividend, the endc-~nn fund could purchase such stock dividend from the operating fund rather than having them sold. "These two motions were to be circulated with a ballot for ratification by the full Board of Trusteea.u , �342 -2- While the members of the Executive Committee present were imeni• moue in their feeling that these two actions are wise and desirable, they felt that, as a change in previous practice in management of the endowment, it should properly have the ratification of the full Board. Your ratification by ma.11 is being invited, rather than wa.1ting until the October meeting in order that the recommended changes might be made effect!ve in the enn,1a.J financial statement for our fiscal year which ends July 31. Will you please record your vote on these recommendations in the space provided below and return in the enclosed addressed envelope. Si• .1,JU"" rely, ~¢ Thomas A. Spragen I favor_ _! do not favor_ _ratification of the above actions of the Executive Comm1ttee. I ------- Date () Signature_______________ �343 Mj nutes of the meeting of the EXECUTIVE CO~ft.UTl'EE of the Board of Trustees of Centre College of Kentucky 1 held at the Pendennis Club, Louisville, Ky. Wednesday, July 22, 1959. The Committee met for lunch at 12:30 with the Finance and Development Committee, officers of the College, and Mr. Gene Mackey of Murphy and Mackey, architects, of St . Louis, Missouri . The business meeting was opened at 1: 30 vith a prayer by Dr. Spragens. Present were: Chairman I.a.nier, Trustees Sutcliffe, Campbell, Armstrong, Blazer, Tate, Price, Lively and President Spragens and Mr. Arnicar. 1. President Spragens reported to the Board as follows: A. Academic Affairs: The President reported general satisfactory academic results for the past year, and it wae stated that the gap between the academic standings of the men and women students was appreciably narrowed during the year. He reported that there are seventy-five students in siunmer school, which is approximately the same as last year, and that the enrollment projection for the year beginning in September indicates a student body of approximately four hundred fifty to four hundred sixty, with all residences, dormitories and fraternity houses filled. It was noted that there is particular significance to the fact that one hundred twenty-two out of one hundred fifty-nine of la.at year's freshmen are returning a.s sophomores. Thie is a much higher percentage than in recent years. The faculty conference to be held prior to the opening of school ha.a been arranged, and Mr. Spragena reported that President Knight of Lawrence College, Appleton, Wisconsin, ha.a accepted an invitation to act a.a visiting consultant. It was reported that no chaplain has yet been employed but that it ie the plan of the adm1niatra.tion to fill this vacancy prior to the opening of the second semester. Tile work load of the Department of Religion will increa.ae significantly in the second semester and the appointment will not be urgent until that time. Mr. Spragens reported that vacancies bad occurred in the Phys ice.l Education Departments in both the men' e and women' e divieione. On hie recommendation, the following faculty appointments were approved by the Comm1ttee: Mies Kitty Elaine Rogers, to be Instructor in Physical. Education at a salary of $4200.00 per year beginning September 1, 1959; Mr. Joe G. Payne, to be Instructor in Physical. Education at a. aa.l.a.ry of $4,000.00 per • year beginning September 1, 1959. Mr. Spragena al.so reported that the College had renewed its membership in the National. Collegiate Athletic Association (NCAA) and had dropped its membership in the P(AIA. J{,A I J\ �-2- B. Buildings and Grounds The President reported that the space in Old Centre is being reorganized to achieve a better relationship of administrative officers of the College . A special gift has been made available for this purpose. The Business Education Department is moving from the second floor to the first floor and aJJ of the business functions and the general secretary's offices are being moved to the second floor. The offices of Dean Heck and President Spragens are also being rearranged. The Library and Old Main building are being completely repainted . All of the paint in this project has been donated by Kurfees Paint Company of Louisville, Kentucky. A stepped- up program of painting and general maintenance is being carried on during the s11nunP.r vacation. motion duly made, seconded and unanimously carried it was resolved that the President be authorized to sell the College camp property on the Gwinn Island Circle on Herrington La$e in Boyle County, Kentucky, which was a gift from the Wiseman fem1 ly. Mr. Spragens reported that members of the Wiseman family had advised him that there was no reason for the College to keep this property if it was not being used . The property has been leased for the last several years at a very nominal rent . The President is to determine the value of the property and sell it on the best terms available . On c. Development It was reported that an application for a government loan for approximately $1,750,000.00 for additional housing and dining facilities has been filed and approved in full . However, this cannot be completed until housing legislation is enacted by the Congress and approved by the President. The interest rate will be three and one-eights percent according to present information and the loan will be for approximately a thirty-six year term. The special committee on the appointment of architects for the student center and the men's housing unit made the following report: (1) The Comm1ttee recommended that the firm of Murphy and Mackey of St. Louis, Missouri, be appointed as architects for the student center. On motion duly madP and seconded it was unanimously resolved that this recommendation be adopted as the action of this Committee . (2) The firm of Nevin and Morgan of Louisville, Kentucky, were rec0mmended as architects for the men's housing units with the understanding that the location of the men's housing units is to be approved by t~urphy and Mackey in conformity with an over-all plan of campus expansion. On motion duly made and seconded it was unanimously resolved that this recommendation be adopted as the action of this Committee. Mr. Spragens reported gifts for current purposes during the present fiscal yea:r in the amount of $123,547.00. He reported the following gifts which were undesignated as to use with recolllDlendations for their application as follows: (1) There is a balance left from Mr. Paul Blazer's special �-3- 345 gif't for the Vinson Lectureship and it was the recommendation of the President that this balance be applied to plant funds for the new student center. (2) The gift of two shares of Fincastle Corporation stock of Mr. J . M Barr. It was recommended that this gif't be applied to plant funds . for the new student center. (3) An additional gift from Mr. E. T. Boles of Columbus, Ohio. It was recommended that this gi:f't be applied to the Boles Professorship of Economics . (4) A gift of $3,000.00 from CBS Foundation. It is recommended that this gif't be applied to the current general fund of the College. (5) A cash distribution of $13,000.00 representing a portion of the I...eCompte Davis bequest. It was reconnnended that $6821. 46 of this distribution be applied to pay the note of the general fund to the endowment fund for Craik House remodeling and tennis court renovation, and the balance of $6~178. 54 be applied to the current general fund of the College. motion duly made, seconded and unanimously adopted it was resolved that all of the foregoing recommendations be accepted and approved by this Committee . On D. Finance: recommendation of the President it was moved, seconded and unanimously carried that the College loan Dean LeRoy Ullrich the sum of $12,450.00, this loan to be secured by a first mortgage on real estate which Dean Ullrich is purchasing for $15,500.00. The loan is to bear interest at five percent and to be paid on a monthly amortization schedule over a period of fifteen years. On The President reported that the Rogers Education Trust bas a controversy with the U.S. Treasury Department concerning the tax exempt status of the trust fund. It was moved, seconded and unanimously carried that the College participate in any way desired by the executrix and trustee in efforts to secure a favorable ruling on the status of this trust fund . The financial statement for the first eleven months of the fiscal year was reviewed by Mr. Arnicar. A deficit for the fiscal year of about $40,000.00 was projected. This is compared with an estimated deficit of $55 ,000 .00 for the year at the time the budget was adopted. Mr . Spragens stated that at the close of this fiscal year the College will have an accumulated deficit of about $115,000.00. It is contemplated that the budget will be balanced for the year 1959-60 and methods of properly elj mi nating this accumulated deficit were discussed by the Committee. It was pointed out that approximately two thousand dollars in interest is paid annually by the operating :fund because of the very tight cash position of the fund which necessitates frequent borrowing. It was recalled that it has been the policy over the yea.rs for the College to retain stock dividends in the principal of the endowment fund whereas it would be a perfectly proper procedure to convert stock divi, into cash for use by the operating fund in the same manner a.s cash dividends dends. After discussing the various alternatives which might be pursued 1n an · �34fi -4attempt to eliminate this accumulated deficit, it was moved, seconded and 11 nanimously ad.opted that the College deterroi ne the amount of stock dividends which the endowment fund has received (as distinguished from stock splits) over a period of approxi ma.tely ten years and that these stock dividends be appropriated to the operating fund for the purpose of eliminating the accumulated deficit. It was understood that this action would not in any way alter this year's operating statement but would be a ''below-the-line'' entry after the books were closed for the year. It was then moved, seconded and unanimously adopted that the future policy of the Board of Trustees be that aJJ stock dividends which did not exceed ten percent of a stock held at the time the dividend is distributed be considered the same as cash dividends and appropriated to the operating fund. It was the understanding that in the ever1t of stock dividends issued by companies in which the endowment fund did not wish to dispose of the stock received as a dividend, the endowment fund could purchase such stock dividend :from the operating fund rather than having them sold. These two motions were to be c:f.:rcuJ,atep. with a ba.J lot 1for ;:ti;TL ✓) ratification by the full Board of Trustees. (r- L'" • r f i Q., 1 d (.. 2. Mr. Sutcliffe reported for the Finance and Development Committee that this committee had met earlier in the day with a representative of Murphy and Mackey and had gone over the proposed master plan for the development of the physical plant of Centre College. The Development Committee then made the following three recoIIDI1endations to the Executive Committee: A. That the general proposal outlined in the master plan developed by Murphy and Mackey be adopted by the College. B. That the general proposal concerning the :fraternity housing program as outlined by Murphy and Mackey be adopted and appropriate 'instructions be issued to the architects retained to develop this portion of the plan. c. That the officers of the College be authorized to explore the possibility of land acquisition on the north side of West Main Street which wculd be required to develop new women's residence areas shown on the Murphy and Mackey master plan. On motion duly made, seconded and 11na.nimously ad.opted, these three recommendations of the Finance and Development Committee were approved by the Executive Committee. There being no further business, on motion the meeting was adjourned. Respectfully submitted, PIERCE UVELY Secretary �347 OF KENTUCI<Y Ba]ance Sheet State1nent-Dperating Fund CEN1'RE COLI .F.GE ASSETS Current Funds Cash in Bank Petty Cash Fund June JO , 11,984.60 725 .00 Notes Receivable General Fund Lichter Loan Fund Accounts Receivable Prepayment Plan National Defense Student Loan Fund Deferred Expense Departmental Coal 12 ,709 .60 87.65 500 . 00 (12,607 .06) 1 ,250 .00 1,766 . 66 8, JJl .57 40). 28 19 ,641 .43 Inventories Prepaid Insurance 26 ,296 .Jl ?rue from Other Funds Evans-Sumrall Scholarship General Scholarship Total Assets LIABILITIES Accounts Payable Accrued Salaries & Wages Feder al Taxes Withheld Salary Savings Withheld Hospitalization Insurance Social Security Taxes Withheld State Truces Withheld Board Borrowed Money 1959 161.00 733.89 59,274.JJ 1,40). 09 22,727 .76 7,529 . 37 126 . 88 29) .0J 1,454.99 2,061 . 36 (27 .09) 48 , 500 . 00 Prepaid Charges Meal Tickets-Men Board Charges-Women 4,262.09 Due from Other Funds Due to Prize Fund Due to DKE House Fund 2,802 .72 1)5 .05 84,069 . )9 Reserves Lilly Foundation Miscellaneous Research Program Gifts for Designated Purposes Anna M. P. Cooper Scholarship National Defense-Student Loan Lichter Foundation-Student Loan Fund Prepayment Plan Investments Surplus-Deficit Account: Accumulated Operating Deficit Operating gain or (loss) 2,869 .04 7,131 .13 2,937 .77 14,418.00 J24 .2J 7,024.67 1,995.00 2) ,761 .90 688 .79 1,766.66 .500 .00 1,250 .00 (74,0)2 . 37) 11 ,201 ,0.§ 4,205 .45 122,105 .64 62 1831 . )l .59 ,274 . JJ �• • • • • • I co., \{) , .., .. i.l. • • • l 1 • :> . • • ... + ... ' .. • • • • • .. • o• • j . J - • • • ."" J. .l ( .. • • • • t \ f • .. • " • t • • • I • • • • . �348 BUDGET COMPARISON INCOME 1958- 59 Student Fees Tuition Other Endowment Income Unrestricted Real Estate (net) Restricted Gifts and Grants Church Boards & Churches Living Endowment (Gifts) Special Gifts Fund Alumni Fund Vocational Guidance Grants-Research , etc . Other Income Auxiliary Enterprises Residence Halls-Women Residence Halls-Wiseman Residence Halls-McReynolds Residence Halls-Breckinridge Centreville Dining Hall-Men (net) Dining Hall-vlomen (net) Tea Room (net) Coffee Shop (net) Bookstore (net) Intercollegiate Athletics Student Aid Gifts Endowment Total Income Operating Gain (loss) at Income Unr ealized Percentage Realized Balance Realized June 30 , 59 321 , 550 . 00 4 ,450 .00 126 , 000 . 00 324,418 .65 4,401 .44 }28 ,820 .09 2.,868.65+ 48.56 2,820 , 09+ u.00 .8 61 ,075. 00 12,500 .00 30 , 224.00 103,799 .00 66 ,690 . 26 5,758 .83 27 ,776.23 100 ,225 .32 5,615 .26+ 6,741.17 2,447- ~7 109.2 46.1 44,000 .00 22 , 000 .00 17 , 000 .00 21 ,000 .00 9,000 .00 12, 750 .00 125 ,750 . 00 4 ,110 .00 44, 996 .17 29 ,804.61 9,606 .85 24 , 559 . 53 7, '?56 . 73 12 ,750 . 00 129 ,473 .89 3,822 . 22 996 .17+ 7,804. 61+ 7, 393 .15 3,559 . 53+ 1,243.27 00 3,723.89+ 287 .78 102.3 lJ.5,5 56 .5 116,9 86 . 2 100.0 102.9 92.9 33 ,618 . 56 2,965 ,44 7,624.40 3, 306 . 60 445 .00+ 4,905 . 00 824. 30 18,975 .70 481.2.5 1,828 . 75 829 .42 2,410 .58 889 .47 2,768 .53 66 . 09 12J.91 .506 . 29 ( 506 . 29) 287 .87+ 4,287 .87 13,607 . 50 6 1584 . 50 89 ,644.51 15 ' 720 .49 91 ,9 69 .7 109.9 95 ,8 79.2 74 .4 75 .7 65 . 2 1,280.00+ 26 . 3J+ 1,306 ,33+ 127 . 2 100.1 105 ,4 Budget 36,584.00 10,931.00 4,460 . 00 19,800 .00 2,310. 00 3,240 . 00 J,658 . 00 190 .00 - 0- 4,000 .00 20 ,1~2 . oo 105 , 3 5. 00 4,700 .00 19,464.00 24,164. 00 689,188.00 .5,980 .00 19 ,490 . 33 25 ,470 . 33 3,573. 8 677,456 . J6 11,731 .64 11, 201 .06 666 .255 .30 fj,9 100,9 ~ -2 107. 67 .4 86 .1 98 . J �, • .. .. • .. • • I .. - - ... • ,. • • ( • i • • • • .. • • • ... t .. • • • - • .. • • • • .. ' f • I • I , ' • • e • .. .... • • • • • • .. • • I C • • - I .. .. • • • • • • • • • • • ~ • • I n - • ' ' " • • t -• - •I • • r ~ • " • " \ • t ' • • • ' I • , • • I • r I �BUDGET COM.Pb.RISON EXPENSE Budget 1958-59 General Administration President's Office Comptroller 's Office Treasur er's Office Boards Student Ser vices Registrar's Offi ce Dean of Students Dean of \Tomen Health Service Student Activities Vocational Guidance Bus Service Staff Benefits General Institutional Expense General Alumni Office General Secr etary Communications Publicity Office Student Admissions Instructional Expense Departmental & General Library Oper ations & Maintenance Auxiliar~ Enter~rises Residence Halls -Women Residence Halls-Wisoman Residence Halls -McReynolds Residence Halls -Breckinridge Centr eville Intercollegiate Athletics Student Aid Annuities TOTAL EXPENSE Expended Unexpended Balance June 30 ,. Percentage Expended 1959 29, 210 .00 16, 255.00 13, 375 .00 600 .00 59 ,440 .00 24,947 .12 4,262.88 14,74.5 .12 1,509.88 7,528 .99 5,846.01 402.03 197 .97 47 ,419. 20 12,020.80 85 .4 90 .7 56 . 3 ')2.9 IJ'l,7 6,875 .00 3,700 . 00 .5 ,315. 00 7,822 .00 5,076 . 00 8,110.00 5,875 .oo 42 ,77). 00 458 .94 6,416 .06 369.03 3,330 .97 671 .12 4,64J .88 5,200 .76 2,621 .24 979 .21 4,096 .79 585 .18 7,.524.82 7,622 .00 (1 ,747.00) 38 ,835 .28 3,937.72 79.8 90 .0 87 .4 66 .4 80 .7 92 .8 129 .7 90.8 21 ,2)0 .00 19 ,009 .13 2,220 .87 89 .5 294.73 13, 310 . 27 615.62 16 ,072. 38 15 ,457 .46 (1,.584.46) (40 .17) 6, 380 .17 336 .42 1 ,108. 58 2, 386 .81 24 ,548 .19 2,008 . 95 76 .877. 05 97 .8 96 . 3 111.4 100.6 76 .? 91.1 97 .4 249,. 967 .00 26 , 218 . 00 106 ,722 .00 )82 ~ 907.00 219 ,690 .42 23 ,002 .78 100 ,490 .45 '34).183.65 30 ,276 . 58 3,215 . 22 6,231.55 39 ,723.35 87 .9 87 .7 94,1 89 ,6 2l},4,14. 00 5,738.00 5,728 .00 27 , 285 .00 3,880 . 00 24 ,222 .00 91 , 297 .00 19 ,480.52 4,716 . 75 3,932. 77 22 ,104 .05 3,435 .07 191156 . )'3 72 ,825 .49 4,933. 48 1, 021 . 25 1,795 . 23 5,180. 95 41~1~ . 93 2109,2 .62 18,471 . 51 79 .8 82 . 2 68 .6 81 .0 88 .6 22. 0 79 .7 65 ,405 .00 65 ,605 . ,50 (200 , 50) 100 .3 2, 500 .00 2, 500 .00 -0- 100 .0 13,605 . 00 16 ,688 .00 13 ,873 .00 6, )40 .00 1,445.00 26 ,22 g.oo 78 ,88 .oo 744,4J8 . 00 666 ,2.55 . 30 78,182.70 89 . 5 ' �I • - • • • • • • �3S(,) Minutes of the meeting of the EXECUTIVE COMMITI'EE of the Board of Trustees of Centre College of Kentucky held at the College October 3, 1959, purusant to written notice. Present were Chairman Lanier, end Trustees Barr, W. P. Caldwell, Van Winkle, Armstrong, Logan Cal.dwell, Campbell and Lively, end President Spragens. The meeting was opened with a prayer by President Spragens. The Auditor's report for the year ending July 31, 1959, was presented by the President in the absence of Mr. Arnicar. It was reported that Mr. Arnice.r was still quite ill but his progress is encouraging. The Committee expressed its concern for Mr. Arnicar's health and its hope that be will soon be fully recovered. 1. The report was discussed at some length by the Committee, and the President stated that copies of the audit would be sent to aJJ of the Board members. 2. The President made a report covering a n11mber of subjects. A. Academic Affairs (1) Mr. Spragens reported that the enrollment is four hundred thirty-seven students, which is about the same as last year. There are fewer dey students, and therefore the residence facilities of the College,including the fraternity houses, are virtually filled although the over-aJJ size of the student body is unchanged. (2) The President reported that the faculty members in charge of the program are proceeding with detailed plans for the senior seminar based on a Lilly Foundation grant. A number of distinguished speakers 'Will be brought to the campus in connection with this seminar, and as often as possible these visits will be timed so that the speakers will also speak to the student body at convocation. ( 3) Mr. Spre.gens reported that, although the chapla:1 ncy has not yet been filled, there ere several persons under consideration and it 1 s hoped that a recommendation for filling this post can be made prior to the opening of the second eeuester. (4) The President reported that the student government system is functioning satisfactorily and that the students involved a.re still vork1ng on details of procedure to be followed in implementillg the nev student government plans. (5) It was reported that the adm1nistration is continuing its efforts to bring interesting outside speakers to the campus. Mr. Spr98ens asked for suggestions from Board members as to persons 'Who might be suitable for the first Vinson Memorial lecture, which will be given in the spring of 19t>O, and also for Commencement in June of 196o. (6) Mr. Spregens informed the Committee that the detailed report required by Pbi Beta Kappa from institutions applying for membership �35:1_ -2- has been completed and will be submjtted this week. Copies of this report will be circulated to the members of the Board for their information. B. Buildinga and Grounds. (1) A stepped-up program of s11mmer maintenance vas reported. Particular attention was ceJJed to the fact that Olde Main building and the Library had been completely redecorated inside end that eJ 1 paint had been donated by Kurfees Paint Company of Louisville. It was reported that the plant is in substentiaJJy better condition. (2) The Wiseman cottage on Herrington Lake has been sold for $7175.00 cash less real estate commission. In view of the fact that this property was originaJJy given for recreation, Mr# Spragens recommended that the proceeds be added to the :funds for the Student Center. It was moved, seconded and uvanimously voted that this disposition be made of these f'unds. C. Finance (1) On recommendation of the President, the following resolution was moved, seconded and unanimously adopted: "Regulation Regarding Fees for Faculty and Sta.ff Members and their Families "1. Faculty members may enroll in courses as auditors, or on er,.y other basis appropriate to the circ,imstances, without charge. Children of full-time faculty or staff members will be entitled to full remission of tuition. The general fee covering medical services, subscriptions, student body fees, bus service, and athletic and concert tickets will be peyable without exception. Children of part-tjme faculty or staff members will be entitled to partial remission of tuition determined in the same proportion as the parent's service bears to full-tjme. This privilege will not apply to the children of staff members hav:l.Dg served less than a year in the employ of the College, 11nl ess otherwise specifically provided in the terms of appointment. "2. 11 3. Spou.Aes of faculty members mey be extended the same tuition privileges accorded to children of faculty members by paragraph 2 above when enrolled as matriculated students. Payment of the general fee will be waived in full for sp~es enrolled as special students for not more than six semester credit hours. "4. Full-time ate.ff members other than faculty members be enrolled without charge in courses either for credit or as auditors subject to the following conditions: mey 1) Enro]Jment eba.JJ be for not more then one course in any semester. 2) The course taken shall be approved by the supervisor. �• 352 -33) The enroJ J ment sbaJ J be recommended by the supervisor as contributing to the competence of the individual in service to the College, and shaJl be approved by the Pr-e sident . 4) The time spent in attending class shaJJ not serve to reduce the hours of work of the staff member. A reduction in working hours may, however, be provided by IID1tual agreement with a correspondjng adjustment in compensation." (2) At the request of the President, this Committee interpreted the m1nisterial discount :policy of the College to apply to dependent wives as well as dependent children of Presbyterian ministers. This refers to a long-standing practice of the College to remit a portion of the tuition for children of Presbyterian ministers. (3) President Spragens reported that Dr. C. S. Jackson had requested that he be relieved of the responsibility as College physician. He also reported that Dr. L. J. Beto, who has worked with Dr. Jackson for the pa.st several yea:rs, is prepared to assume this responsibility. On recouanendation of the President, it was moved, seconded end unenimOusly carried that the following appointments be made: Dr. L. J. Beto, College physician, at an ann11al salary of $1200.00; Dr. C. S. Jackson, team physician and consulting surgeon, at a salary of $300.00 per annum. (4) The President presented a revised budget estimate for the year 1959-60 which projects a balanced budget of about $825,000.00 for the yee:r. D. Development It was reported that the new housing bill which has been passed by Congress and signed by the President provides an interest rate of three and one-eighths percent for college housing loans, and the reservation of funds for Centre's projected expansion of men's dormitories and other items included in the application is still in force. Preliminary sketches of proposed new fraternity dormitories were shown to the Committee and discussed. It was also reported that the e:rchitects are working on preJimjnary plans for the Student Center. 3. It was agreed that the next meeting of the Executive Comm1ttee would be at the time of the full Board meeting on October 30. O motion, the meeting was adjourned at 12:35 P.M. n PIERCE LIVELY Secretary �... 353 Minutes of the meeting of the BOARD OF TRUSTEES of Centr e College of Kentucky October 30-31, 1959 The meeting convened at 3:00 P. M , CIYI', in the confer ence r oom of . Old Centre . Present 1-rere Chairman Lanier, Mrs . Chaney, t-1essrs. Armstr ong, Baker , Blazer, Logan Cald,vell, vl. P. Caldwell, Campbell , Faulconer ' Hall , . 1 L i ve y , Nevin, Ne,vlin, Nichols, Roger s, Sutcliffe, Tate, Van Ant,-1erp, Van \.Tinkl e, and President Spragens . 1. The meeting was opened with a prayer by President Spr agens . The minutes of the last meeting of the Boar d of Trustees on June 5-6, 1959, and the minutes of the meetings of the Executive Committee on July 22, 1959, and October 3, 1959, were approved as previously circulated and the reading thereof 1-raived. 2. 3. The Auditor's Report for the year ending July 31, 19591 was accepted and approved as previously circulated to the members of the Boar d of Trustees . 4. The oath of office as Trustee of Centre College ,-1as admj nistered to Mr . Newlin and Mr. Rall, and they ,-1ere formally "\-Telcomed to the Board by the Chairman . 5. The Chairman then asked for the report of the President . President Spr agens br iefly reviewed the President's Report for 1958-59 . He stated that printed copies of the report would be mailed to the alumni and other friends of Centre College. Chairman Lanier expressed the Board ' s appreciation to the President for preparing such a complete and excellent enmtal report. 6. President Spragens reported on the statement of policy reBarding faculty tenure, which was adopted at the June 6, 1959, meeting of the Board of Trustees . At the request of the Board, the faculty bad considered an ereendment to paragraph six of the statement of policy and President Spragens reported the faculty recomrr:endation, which met favorable response . On motion by Mr . Boker, seconded by Mr. Sutcliffe, it was unanimously r esolved: That the first sentence of paragraph six of the policy regarding faculty tenure adopted on June 6, 1959, be emended to read as follows: "A proposal to terminate for cause a continuous employn:ent or to dismiss a faculty member for cause previous to the expiration of a stated term of employment, shall be reviewed by a faculty committee on tenure, elected by the fo.culty, which shall present its recommendations to the Board of Trustees for fino.l consideration and action . " 7. The President revie,red lldmi ssion and enrollment statistics for the 1959-60 school year. As a point of specific interest, it was pointed out that 64 applicants ,.,ho were sons, do.ughters, or close relatives of Centre al11mni, were accepted for admission . Of that group, 53 actually enrolled at Centre College in September, 1959. �354 -2- 8. President Spr a~ens presented and discussed a wemor andum prepared by DeanHeck,date~ October 26, 1959, projectin~ faculty needs for an anticipated enrollment of (50 students. lie observed that this material was preparatory to more extended consideration of this important subject at a later meeting of the Board of Trustees . 9. President Spr6.£sens, reportins on student life, made specific mention of the newly organized Student Judiciary. The President pointed out that the Student Judiciary is accepting its res~o~sibility with a seriousness of purpose. 10. Reporting on buildings and grounds, President Spragens noted the following: a) AJJ barracks in Centreville have now been removed except the one which is being used as the men's infirmary. b) tfuch ,-1ork was done during the s,,mmer months to rehabilitate the Library and Old Main. The President stated that Mr . Kurfees of the Kurfees Paint Company, Louisville, donated paint valued at about $1,400 . 00 for use in decorating the interiors of those t,,10 buildings . c) Construction of the new building for the Naval Reserve Electronics Facility is nearing completion. d) The summer church conferences, regularly held on the women's campus, are tentatively scheduled to talce place between the dates of June 10 and July 30, 1960 . The President recommended trustee approval. On motion by Mr. Lively, seconded by Mr. Campbell, it was unanimously resolved: That the use of the women 1 s campus for s11mmer church conferences during the period between June 10 and July 30, 1960,be authorized and approved. ll . In discussinB the financial position of the College for the 1959-6o fiscal year, the President pointed out that the revised budget anticipates an increase in income due to increased tuition fees of $100 . 00 per student for the current year, an increase in gift income, end an increase in dining room receipts due to the fact that men resident students are receivins 21 meals per week instead of 17. A balanced budget of about $825,000 . 00 is o.nticipated, as reflected in the minutes of the Executive Connnittee meeting of October 3. President Spragens further stated that the action talten by the Board of Trustees of crediting stock dividends which had been received during the past several years to the operating fund instead of the endowment fund resulted in a credit of approximately $75,000.00 . The a.mount ,-ras sufficient to eliminate operating deficits which had accrued through the 1957-58 fiscal • yea:r. Commenting on gift income estiroat~s, President Spragens stated that the College could expect to receive some increase in gift support since the USA Board of Christian Education has already approved a significantly larger budget for distribution to related institutions. �355 -3President Spragens briefly pointed out some general facts and information pertaining to the completed campus master plan being recommended by Murphy and 1'1.ackey. He outlined certain basic decisions relating to the master plan 1-Tith ,-1hich the Board of Trustees should concern its elf, and stated that the Finance and Development Committee would be giving detailed consideration to the total development program in its meeting the following morning. 12. The Board of Trustees then recessed at 5:00 P.M. to reconvene at 10:00 A. M., October 31, 1959. The members of the Board were urged to visit some of the buildings on the campus and especially to take the opportunity to see the interior rehabilitation 11ork ,-1hich has been done in the Library end Old Main. • The second session of the Board of Trustees meeting was caJ]ed to order at 10:15 A.M., October 31, by Chairman Lanier. Chairman Lanier asked for cornrnjttee reports. 13. Mr. Lively reported for the Investment Cornmjttee that at its meeting on the evening of October 30 the Cornmjttee had discussed the investment of the College endowment fund ,nth Mr. F:ra.nk Grady, a representative of the United States Trust Company of New Yorlc. It was reported that Mr. Grady had advised the Investment Committee to consider reducing common stock holdings and increase the investment in bonds. The Committee was advised to consider reducing the coIIIDlon stock holdings of the endowment fund from approximately 56% of the fund's total investment to about 48-50% and to increase accordingly the investment in bonds. Mr. Lively reported that the Investment Commj ttee voted to ho.ve the United States Trust Company of Ne,., York forward specific recommendations, in line with that advice, to the Investment Connnittee. On motion of Mr. Van Antwerp, seconded by Mr. Sutcliffe, it was resolved: That the Investment Comrojttee be authorized to take such action on the reconnnendations of the United States Trust Company of New York as the Committee deems advisable. Mr. Lively further reported that the Investment Committee had discussed the previous action of the Board of Trustees allowing stock dividends, up to 10'1, of the particular stock holding, to be treated as income rather than principal. On motion by Mr. I~ewlin, seconded by l4r. Faulconer, the Board adopted the following rec ommendation of the Investment Commjttee: That all stock dividends which do not exceed 5 of a % stock held at the time the dividend is distributed, be considered the sa.n:e as cash dividends and appropriated to the operating fund. 14. l"1r. \-1. P. Co.ldlrell, chairman of the Committee on llomen's Division, asked Dean Sweeney to report to the Board for that Committee. Deon Svreeney sto.ted that most of the problems pertaining to the women's division would be eliminated and that morale in the women's division would be greatly improved, in her opinion, with the development of plo.ns ond the construction of new dormitories f or the women students. Mr. Caldwell • �-4reported the view of the Corr;mjttee tbnt it would be hishly desirable f r om the standpoint of morale if new dormitories for the women students were constructed prior to or eimultaneously with, the construction of new dormitories for the men students. Commjttee Chairman W.P.Caldwell and Chairman Lanier expressed their appreciation to Dean Sweeney for her report and comments on the women's division . 15 . Mr. Sutcliffe, chairman of the Finance and Development Commjttee re- ported that the Committee had given careful attention to the master plan and long- range development recommendations vmich had been presented for the Commjttee's consideration. Mr. Sutcliffe stated that the Commjttee bad approved the recommendations and was prepared to recommend their adoption by the Board of Trustees. Before presenting the recommendations, Mr . Sutcliffe r e411ested that President SpraePns explain the cam:pus master plan and longra.na~ nnvAl o:p11tP.n·t, p .i-ogran1 to the Board. After an extensive explanation and discussion of the master plan and the long-range development goals of Centre College, the following recommendations of the Finance and Development Commjttee were, on motion of Mr. Faulkner, seconded by Mr. W. P. Caldwell, adopted unanimously: a, That the plan for the Centre College campus recommended by Murphy and Mackey as shown by the model and supporting maps, drawings, and papers entitled "Centre College 1969" be approved and adopted a.s a general program for the development of the Centre campus designed for the accommodation of an enrollment of 700 to 750 students; provided that the implementation of any port of the master plan be subject to specific study, approval, and authorization of the Board of Trustees. b. That the preparation of preliminary architectural plans for two women's r esidence halls to house 176 students and a dining hall to seat 550 persons (expansible to a capacity of 675) be autho~ized, provided the residence hall p~ans be so developed as to fit either of the alternate sites established by the master plan. c . That the firm of Murphy and Mackey of St.Louis, Missouri, be appointed as executive architects for the tvro women's residence halls and the dining hall. d. That the President be authorized and directed to proceed with a final loan application to the Housing and Home Finance Agency to finance the women's resieences ond dining hall after completion of preliminary plans and approval of such plans by the Executive Committee both as to design and financial feasibility. 3 56 �357 -5e . That the Boa.rd of Trustees r ecor d its determination, if and when the present women ' s r esidences are r eplaced by ne1v r esidences on the west campus , t o dispose of the old K. C. vi. campus (not includi ng t he Weisiger Fine Arts Building) f or purposes consist ent with the best interests of the cornrmluity of Danville as well as of the College, and for pur poses not offensive to the high traditions associated wit h the previous history of this beautiful campus. 16. The Finance and Development Committee then presented r ecommendat i ons regarding the preliminary plans for the f r aternity r esidences. O motion n by Mr . Campbell and seconded by Vrr . Sutcliffe,it was resolved: That the preliminary sketches and plans for f r aternity residences prepared by Nevin and Mor gan and presented at this meeting be approved, subject to determination of cost feasibility within the framework of the pre liminary loan application author ized by the Board of Trustees on June 6, 1959, and approved by the Housing and Home Finance Agency; and that upon determination of such cost feasibility, the President be author ized to proceed with a final loan application for funds to finance the construction of the three buildings . 17. The Finance and Development Commjttee then presented a r epor t of total financial needs for the proper development of the College in the years ahead. This report, entitled ''Capital Needs - 1959-1960" is attached as an exhibit to these minutes. After discussion, on motion of Mr. Baker , seconded by Mr. Campbell, the Board approved the following r ecommendation of the Finance and Development Committee : a. That the Board of Trustees adopt o. program of development for the decade ending with the College's sesquicentennial year in 1969, having as its objec tives the achievement of the physical development of the campus projected by the master plan, and t he enlargement of the endowment to provide at least $10,000.00 per capita for the planned enrollment of 750 students . In terms of present costs this will require a total capital addition, exclusive of self-liquidating facilities, of $6,500,000.00 . b. That the Finance and Development Committee be authorized and requested to prepare a comprehensive program and plan to guide the Board of Trustees in the pursuit of this sesquicentennio.l development goal. 18. Chairman Lanier and Mr . Blazer paid tribute to President Spragens for his outstanding leadership in the formulation of the plans and long-range goals for the future development of Centre College. �-6- 358 19. On motion of Mr . Nichols, seconded by Mr. Faulconer, it was resolved unanimously: That the removal of Hillcrest, the old president's home, be authorized, and that the time of such removal be established at the discretion of the President. 20 . Chairmen Lanier, with the approval of the Board, suggested that President Spra.gens publicize the actions taken by the Board of Trustees in approving the master plan and long-range development program of Centre College . 21 . The next meeting of the Board of Trustees ,nll be at the call of the Chairman . On motion, the meeting was adjourned by Chairman Lanier at 12:05 P.M. Respectfully submitted PIERCE LIVELY Secretary �3 59 Centre ColleBe CAPITAL l'JEEDS - 1959-1969 To strengthen the program of t he College in breadth and depth and to help meet the educational need of a growing student population, Centre has projected a grovrth in enrollment from our present 450 to e total of 750 in ten years. students Conceivably ,.,e could accommodate this expansion ,-1ith our present resources. However, to grow in strength conrrnensurate lTi th our growth in size we must be planning for enlargement of our plant and our endo'\-nnent . \le have been developing a master plan of building needs. This completed plan is nolT ready for consideration by the Boa.rd of Trustees. It contemplates a. unified campus for men and ,.,omen students, modern cn-conpus residences for all students, and academic and social facilities entirely adequate to our plan for a superior college of liberal arts. The projected investment in physical developments for the realization of this plan, in terms of present costs, totals $4,500,000. Of this roughly $2 , 300,000 would be self-liquidating. The remaining $2, 200, 000 1-,ould require permanent funds. In addition, to maintain the relative financial strength of the College ond to provide further means for strengthening the academic program, our endo1-nnent should be comparably increased. To provide our present per capita endowment ($7) 2so) for 300 more students will require $2,250,000 additional, To increase the per student endowment to $10,000 would call for opproximotely $2,000,000 more. All these seem worthy, indeed necessary objectives. It is there- fore suggested that the Finance ond Development Comrojttee consider the preparation of a specific ten-year development progrom, plonned to cu]mjnate in 1969, our one hundred fiftieth yeo.r of service, and �3 6 (,) -2- designed to accomplish this progro.m, for adoption ond prosecution by t he Board of Trustees. The ten year goal ,.,ould total o.pproximately $6,500, 000 as shovm on t he attached tabulation . It is suggested that the building requirements, totaling $2,200,000, be pursued through major capital campaigns during the ten-year interval, and that the endowment need of $4,250,000 be sought principally through the active promotion of a program to attr act bequests through the wills of friends of the College . This ,nlls and bequests program should perhaps be planned and pursued by a special subconnnittee of the Finance and Development Committee with on enlarged membership drawn from al,1mni. in the legal and banking fields . October 23, .L,.r.;9 �.... - ... ,. •--.;, ..... ,, .~-.. _..- .. - -. - ... . ' -··r-r - - - • . • ~. (fJ I ~ BUILDING REQUIBEi·,iENTS A. Yeo.r Total Self - liquidating EBF A or Bonds 1 Fraternity Residences (144) Dining Room tlomen ' s Dormitory ( 176) Student Union Building Land Acquisition Infirmary & HealthCenter ,~omen's Gymnasium & S1rimmi ng Pool Freshmen I~Ien ' s Dor mitory ( 42) Library- Classroom Building Auditorium Athletic Fields (Tennis Courts,etc . ) Improvement of Current Plant \lomen ' s Dormitory ( 88) i\Ien ' s Dormitory ( 42) 1960 1960 1960 1960 1960 1960 1961 1962 1963 1964 1965 1966 1967 1969 $4 , 534,200 . 00 B. $572,800 . 00 272,000 . 00 699,200 . 00 $630,400 . 00 350)000 . 00 769,600 . 00 275,000 . 00 150,000 . 00 85,000 . 00 300)000 . 00 168,000 .00 650,000.00 450,000 . 00 50 )000 . 00 125,000.00 363 ,200 . 00 168,000.00 150,000 . 00 - To be Secured $57,600.00 78,000 . 00 70,400 . 00 275,000 . 00 330,000 . 00 151,200 . 00 85,000 . 00 300,000 . 00 16,800.00 650,000 . 00 450,000 . 00 50.,000.00 125,000.00 33 ., 200.00 16,800 . 00 $2,326,400 .00 $2,207,8oo.oo 151,200 . 00 END0\·~1IENT REQUIRElvIENTS FOR AN ENROLil-IBNT OF 750 STUDENTS. 1. .Amount required to increase endo,vment to the point it furnishes present ratio of endowment per student . ($7,278.56) 2. Amount required to increase endowment per student to $10,000 . 00 TOTAL GOAL OF DEVELOPivlENT PROGRJ\i-11 * $2,256,353 . 60 2,030,o80 . oo 4,286,433 . 60 $"b,494, 233 . 6o In deter mining the figure, no account is made of the monies that ,-Till be ree.lized from the eventual disposal of the five fraternity houses o,med by the college or from the property comprising the present ,-romen' s campus . It is probable that income realized from these disposals should be used in considerable part for the acquisition of other land adjacent to the co.mpus and important to the College fcx protection , for present c.uxiliory needs such as po.rl{ing and 1,;omens play fields, and for possible further expansion needs of the more distant future . �362 Minutes of the meeting of the EXECUTIVE COMMITTEE of the Board of Trustees of Centre College of Kentucky held at the College, December 14, 1959 The meeting convened at 10:00 A.M. in the conference room of Old Centre . Present were Chairman Lanier, Messrs. Armstrong, Baker, Barr, Logan Caldwell, \.1. P. Caldl1ell, Campbell, Lively, Sutcliffe, and President Spragens. 1. The meeting was opened with a prayer by President Spragens. 2 . The financial report for the first quarter of the 1959-60 fiscal year ,,as presented and revie1-1ed by President Spragens. 3. President Spragens reviewed the gift reports for the AugustNovember period. The President informed the Comn:dttee that the research contract bet,-1een the Chemistry Department and the \·lest VirBinia Pulp and Paper Company probably ,,ould not be rene,- ed by the Company ,.,hen the 1 present contract ends. He reported that the College is actively exploring possibilities for other contracts with industry or the National Science Foundation involving basic research, 4. In reporting on the edm1ssions program, the President noted that the n,imber of applications for edroi ssion for the 196o-61 year shows a siBJlificant increase at this time in comparison with the same time last year. The total number of applications n~., on file is 9~ the total at this time last year was 74. President Sprag~ns informed the Committee that the edmjssions staff is placing special emphasis on its work in the Cincinnati and St. Louis areas. 5. President Spragens reported that the ,.,ages of most of the housekeeping and maintenance personnel have been increased 5 to 10 percent. The President recommended salary increases for two members of the ~dro1nistrative staff. On motion by Mr. Campbell, seconded by Mr. Baker, the Executive Com:m1ttee approved the following recommendation of the President: That the annual salary of Mr. Frazer, General Secretary, be increased from $5,400 to $6,000, and that the annual salary of Mr. Ensminger, Al\>mni Secretary and Publicity Director, be increased from $5,400 to $5,700, both effective January 1, 1960. 6. President Spragens recommended the appointment of Dr. Rex Knowles to fill the chaplaincy which was authorized by action of the Executive Committee at the meeting on March 21, 1959. On reotion by Mr. Arm.strong, seconded by Mr. Sutcliffe, it was unonimously resolved: That Rex Hanna Kno'\-1les be appointed Deen of the Chapel and Associate Professor of Psychology and Religion at a salary of $7,500, on a tl1elve-month bo.sis, fTith housing to be provided by the College; and that the appointment be effective at the beginning of the second semester of the 1959-6o academic year. �-2- 7. In reporting on the status of the Centre faculty application for cotcblisbEcnt of u cho~tor of Phi Beta Kappa, President Spragens stated that a Phi Beta Kappa visitation team 1-1ould be on the campus February 25 - 26, 1960. Members of the team are \·Tilliam K. Frankena, Chairman of the Department of Philosophy at the University of Michigan, and Lawrence H. Chamberlain, Professor of Political Science at Columbia University . 8. President Spragens presented a proposal for an Institute of Public f~fai rs at Centre College . The President pointed out that a subsidiary of the Ford Foundation, the Fund for ltdult Education, is interested in organizing Institutes of Public I.ffairs at five or six selected universities and colleges in the United States for the purpose of providing a program of liberal adult education aimed at "education for public responsibility . " The Fund would fully finance such Institutes for several years. On motion by Mr . Lively, seconded by Mr . \-1 . P. Cald,-1ell, the Executive Committee adopted the follo,.,ing reconnnendations of the President : That the President be authorized to submit an application to the Fund for Adult Education for a gro.nt to undert·Tri te a study of the feo.si bili ty of organizing at Centre an Institute of Public 1ufairs; and That the President be authorized to appoint a consult ant to carry out such a study contingent upon receipt of the anticipated financing . 9. Reporting on the progress of land acquisition for the proposed dormitories for women, President Spragens stated that some of the property north of 1'1ain Street, bet,-1een Fifth and Seventh Streets, seems to be unavailable at reasonable prices . The President presented a tentative proposal for an alternate site location bet,.,een Seventh Street and St . tldldred' s Court. That location ,-1ould allo't-1 access from both Main Street ond St. Mildred's Court, and would call for the acquisition of a small apartment house and o vacant lot fronting on St. Mildred's Court . The Executive Committee recessed at 12: 15 p . m. for lunch in the dining room on the women's co.mpus. The meeting reconvened ot 1 : 30 p . m. in the conference room of Old Centre. 10 . On motion by Mr. Baker, seconded by Mr. Sutcliffe, the Executive Committee adopted the follol1ing resolution: That a committee comprised of the President, the Secretary, and the Treusurcr be authorized to acquire that property north of Main Street, betlreen Seventh Street ond St. Mildred' s court back to a depth of approximately 250 feet - including the t~o properties on St . Mildred's Court, but excluding the Fo.rri s property at 723 \·J est Main Street - if oll of the properties cr.n be acquired at reaso~oble prices; and that they be further authorized to acquire such properties in the area south of Grimes Street and along the east side of Seventh Street as may be available ot rensona- ble prices. �364 -311. The follo,-1ing resolution ,,as moved, seconded, and unanimously adopted ty the Executive Commjttee: That the Finance and Development Commjttee of the Board of Trustees be authorized to proceed immediately ,,ith the organization of a fund raising program that ,,111 obtain the funds needed to accomplish the total development program ~hich ,,as appro,,ed by the Board of Trustees on October 31, 1959. 12. The preliminary architectural designs for the ,.,omen's dormitories and the dining facilities ,- ere presented and discussed. The following , resolution ,-1as moved, seconded, o.nd adopted: That the P.rchitect be authorized to proceed ,.rith preliminary plans for the ,,omen's dormitories and dining facilities, in line i1ith the designs presented at this meeting, subject to approval by the Board of Trustees of final preliminary plans. 13. President Spragens recommended that authorization be granted for the College to borrou money that may be needed to purchase the land required for the location of the ,,omen's dormitories. The money ,- ould be , repaid from the proceeds of the sale of bonds to the Housing and Home Finance /gency. On motion by Mr. Lively, seconded by Mr. Sutcliffe, the Commjttee adopted the follo,-1ing resolution: That Centre Colle~e of l(entucky be authorized to borro,1 money from the Citizens National Bank and the Farmers I~ational Bank, up to the maximum amounts which those banks ,,ill authorize the College to borrot-1, for the purchase of land needed for the site location of ne,., ,,omen's dormitories. 14. The next meeting of the Executive Cornmjttee was tentatively set for Friday, January ff, 1960. On motion the meeting t-1as adjourned by Chairman Lanier at 3: 15 p. m. Respectfully submitted. PIERCE LIVELY Secretary �365 Minutes of the meeting of the EXECUTIVE COMMITTEE of the Board of Trustees of Centre College of Kentucky held at the College, J~nuary 9, 1960 The meeting converLed at 10 · 00 /1. . lti. in the conference room of Old Centre. Present lTere Clm.irman Lanier, l-.1essrs . Armstrong, Boker, Logan Caldwell, l1. P. Cald,-1ell, Crunpr.,ell, Lively, Sutcliffe, and President Spragens . 1. The meeting WilS opened with a prayer by President Spragens. 2. The minutes ~f the December 14, 1959, meeting of the Executive Committee were o.pprovfd ns printed ond previously circulated . 3. The Treasu;e,· reported that all of the $75,105.35 due to the operating fun~ ~rom tbe er..dowment fund hos now been paid. 4. ~~e sident Sprogens reported that the faculty, ot a meeting held on December 11, 1959, had recommended that the Articles of Organization of the Faculty be amended to provide that the registrar serve ex officio as secretory of the faculty, and secretary of the Academic Council. It ~as moved, secon~ed, und unanimously adopted by the Executive Commjttee that the follo~ing amendments to the /rticles of Organization of the Faculty be npfroved o.s recommended by the faculty : That Section 5 of the Articles of Organization of the Fnculty be amended to reo.d o.s f ollovrs: "The fa.culty shall keep a book of minutes . The registrar sho.11 be secretory of the faculty ex officio and shn JJ enter in the book of minutes o. correct statement of all tro.ns actions and resolutions . " Tho.t Section 6 of the l\rticles of Organization of the Fo.culty be a.mended to read os follows: "The president, the dean, the dean of students, the dean of women, and four faculty members elected for terms of four years each shoJl compose the Academic Council . One faculty member shall be chosen o.t large and one from each of these three divisions: humanities, natural sciences, and social sciences . The registrar shall serve ex officio o.s secretary of the l"cademic Council but sho.11 not in this capacity have o. vote on matters pending before the Council . The Council shol) a.ct for the faculty on student petitions, on questions of o.co.demic probation including dropping students for academic failure, o.nd on any other urgent business which cannot be postponed until the faculty meets . The Council may also advise the administrative officers of any college matters referred to it o.nd may recommend to the faculty changes in educational policies ." 5. In memory of Professor Joseph Proctor Knott, head of the Depart ment of Modern Languages, who died on Jonuary 1, 1960, the Executive Committee requested that the following tribute, which was delivered by �36fi President Spragens in convocation on Jruiunry the Executive Committee: 5, be spread on the records of Durina the holiday season our college community suffered a deep personal loss. Professor Joseph Proctor Knott died suddenly on New Year's Day, following a cerebral seizure at his home in Lebanon. Dr. Knott crone to Centre in 1933 and served here without interruption from thot do.te. He ,.ros a sound scholar by no.ture, and o. teacher by conviction. His entire life vras given to the comn:unity of learning, ond Centre is richer for the fact that the greater part of his professional career wo.s spent on this campus. It was my pleasure to know Dr. ICnott from the t:l.me of my childhood, as he 0.1,-10.ys spent his 511mrners in the to,m ,,,hich l1as our common birthplace. In my first recollections of him, his hearty laugh and his ,-1arm friendliness overshodo,., eJ J. other impressions. lis I gre,., older and more discerning I learned to appreciate his scholarly competence, and his professiono.l stature. But only since comina myself to Centre, hove I fully appreciated the man l1hose loss we mourn . Joseph Proctor l{nott lTO.S not only a. man of likeably humon characteristics, not only a competent scholar o.nd teacher; he ,,as truly a humane person. He believed in his fellow man. He honored the right of dissent for others as he cherished it for himself, but he wos unerringly faithful to the collective wisdom of his ossocintes. He was truly the product of liberal learning, o mo.n \Those o,m freedom was forever secured by his voluntary acceptance of responsibility. TbouGh 1-1e grieve o.t his possing, we see even more clearly his true worth. '\le shall continue to leo.rn from his exrunple and inspiration. 6. President Spro.gens reported thot Dr. I(nott • s classes being conducted by other members of the faculty. The President requested authorization to secure o temporary replacement for the second semester for the staff of the Modern Lon@loges Department. It was moved, seconded, and approved by the Executive Comm)ttee as follo,,s: '\1ere Tho.t President Sprogens be o.uthorized to appoint o. temporary replacement for Dr. Joseph Proctor Knott for the second semester of the 1959-60 year. 7. President Sprogens requested advice as to the policy of the College for terminal salary payment, as it mo.y opply to Dr. Knott's case. On motion by I.tr. /rmstrong, seconded by Mr. Logan Coldwell, it was unanimously resolved: That President Spragens be granted the authority to determine the proper terminal salary payment which should be ~edo to the estate of Professor Knott. �367 -3- 8. President $pro.gens reported thct Rex Hanna Kno,.,les has accepted the appointment as Dean of Chapel and Associo.te Professor of Religion and Psychology effective with the beginnina of the second semester, as was authorized at the December 14, 1959, meetina of the Executive Committee. The President also reported that the renovation of the upstairs of the 1\rmstrong House ,-,as under,.,ay and would probably be completed in time for occupancy by the Knowles family on February 1 . 9. In reporting on the admissions pro~rom, the President stated that the number of applications on file Janucry 8, 1960, totaled 163 compared to 94 on January 8, 1959. The President stated that he hoped to aitroit more men students for the 1960-61 school year than the College could house in its own facilities, but that all students could be housed in 1961-62, ,.,hen the new facilities should be ready for use. 10. President Spragens reviewed the gift report for December, 1959. It was noted that the total of gifts for the month was $30,804 . 50 . Mr . Lively pointed out that the Mary llrurphy Merrin gift of $2,000 . 00 ,-ras of particular significance since Ii1.rs. Merrin had borro,ved money in order to attend Centre College a few years oco . 11. President Sprac;ens reported tho.t Mr. and Mrs . Paul Blazer made an 11nrestricted dono.tion of 125 shares of /,shlond Oil stock to Centre College. The President stated that Mr . and Mrs . Blazer have given their approval that the proceeds from the sale of the stock may be used to renovate the upstairs of the iu"'Illstrong House . On o. motion by Mr. Lively, seconded by Mr . ,, . P. Caldwell, the Commjttee approved the follow1ng recommendation of the President: That the recent gift by Mr. and Mrs. Paul Blazer of 125 shares of Ashland Oil stock, now held by the Treasurer of the College, be sold, and that the proceeds from the sale of that stock be used to pay for the cost of the renovation of the 1-\rmstrong House, which lTill be used o.s a residence for the Deon of Chapel; and if ony balance i s left, that it be applied to the Student Center project . 12. President Spragens reported that the Danville School Boord had expressed on interest in working out an arrangement with Centre to exchange the Danville High School property at \·la] x:.ut and College Streets for the KCll property. The President presented an oppraisnl report, which had been made by two loco.l appraisers, of the two properties . The report sho,-1ed the difference in market value of the two properties to be $125,000 . 00 in favor of the College. President Spragens reported that the City School Board had obtained an appraisal of the properties which indicated a difference in value of about $63,000.00. The President further reported that, based on the appraisal reports, the City School Board had indicated that it would be prepared to make an offer to the College in the near future. 13. The Executive Committee revie,red the final preljmjnary plans, as submitted by Nevin and Morgan, J\rchitects, for the three new dormitories for men. On motion by l'1r. Sutcliffe, seconded by Mr. \·1. P. Co.ldwell, it ,vas unanimously resolved: That the preliminary plans for the three ne,., dormitories for men be approved as submitted by the architects, Nevin �368 -4and l~orGo.n, and that the President be- authorized to submit those plans to the Housing o.nd Ho~e Finance Agency for its approval for finruicing the project . 14. The President presented a report on the status of the progrrua of lo.nd acquisition for o. site for ne,, dormitories for ,,omen . The Executive Corernittee recessed for lunch at 12:30 p.m. The ~eeting reconvened at 1:30 p.m. They recessed ago.in for fifteen minutes to allow members of the Comrni ttee to visit the I-lo.in and Seventh Street area ,-1h:ic h is recorr:mended as the site location for the ne,, dormitories by the campus mnster plan. 15. On motion by l-1r. Balcer, seconded by l-1.r. \·1. P. Co.ld,.,ell, the Executive Comrnj ttee adopted the follo,- ing resolution: r That the commjttee comprised of the President, the Secretary, end the Treo.surer proceed ,nth the acquisition of options on o.11 the properties from 601 '7est Main Street through 719 \·lest l'1ain Street, from 110 North Seventh Street to 128 North 9eventh Street on the ea.st, and from the corner of l~ain and I{orth Seventh Street to 125 l~orth Seventh Street on the "'est; that the options be secured at the best straight option o.ricngements, and at the best posGible prices obtainable; o.nd that the totcl price for c.11 properties is not to exceed $180,000 . 00 16. On motion by l/Jr. Baker, seconded by Mr. /U1Dstrong, the Coromi ttee adopted the follo'1ing resolution: That, in the event the properties in the l~oin and Seventh Street area cannot be assembled ,,i thin the time limit for submittiDG the final loan application to the Housing and Home Finance Agency, the ne,1 dormitor.ies for \Tomen be planned for location on the alternate site, east of Old Centro, c.c ~ho,m by the compus master plan . 17. Mr. Lively, Secretary, requested that he be replaced on the land acquisition committee since the pressure of his personal business durinG the next t",o ,,eeks ,- ould not allow him to devote the necessary time and a.tten, tion to the committee responsibility . Chairman Lanier appointed ~tr. Armstrong to replace Mr. Lively on the conmjttee. Mr. Lively -will continue to perfonn legal services and provide legal counsel for the committee. 18. President Spra.gens presented a tabulation of estimated costs for the development of the men's and "omen's dormitories and the dining facilities . Chairman Lanier ordered that the report be made o. po.rt of the minutes of this meeting. The reported estimates are o.s follo,-1s: �-5Con struction Original Est . 6- 16- 59 $568, 800 . 00 3 Men' s Dorms 695,200 .00 2 l·1omen ' s Dorms Dining Facilities -Bldg . 210, 000 . 00 ) 90, 000 .00 ) Kitchen Equipment 300, 000 . 00 $1, 564, 000 . 00 Total Construction Other Costs Bond Attorney Fees HHF'J\ Inspection Costs Furniture and Equip, Land Pur chase Total - Other Costs Grand Total * Tentative Approval by RH.FA $569, 800 .00 695, 200 .00 270, 000 . 00 $1, 534, 000 .00 10,000 .00 10, 000 .00 - 0- -0-0- 176, 000 . 00 150,000 .00 336,000 .00 $1,900,000 .00 150, 000 .00 160,000 . 00 $1, 694, 000 . 00 Architect ' s Preliminary Esti mates $ 615,500 . 00 * 695, 200 . 00 * 291,500 .00 ) 106, 000 .00 ) 397, 500 . 00 $1, 708, 200 . 00 Present Estimates 10, 000 . 00 7,850 .00 97, 6oo . oo 175,000 .00 290, 450 . 00 '$1,998, 650 .co Including air conditioning complete . 19 . President Spragens presented preliminary architectural plans for the ,.,omen's dormitories . On motion by?~ . ,, . P. Caldwell, seconded by Mr. Campbell, the following recommendation of the President ltas adopted: That the preliminary plans be approved, and tho.t the President be authorized to instruct the architects to proceed with final preliminary plans for the women's dormitories . 20 . Tl1e President then presented preliminary plans for the new dining facilities. On motion by Mr. Balcer, seconded by Mr. Campbell, the following recommendations of the President ",as adopted: That the Commjttee gives its general approval to the preliminary architectural designs and plans, and that the President be authorized to instruct the crchitects to proceed with final preliminary plans for the new dining facilities. l-.1r. Lively bad to leave the meeting at this point, and Ed Rall was appointed to act as secretary for the remainder of the meeting. 21. 22. Mr. Sutcliffe, chairman of the Finance and Development Committee and President Spragens reported on a meeting they had had with Mr. G. A. Brakeley of the G. J. Brakeley & Company to discuss the feasibility of a fund raising program in support of the total long-range development program for Centre. The following recommendation by Mr . Sutcliffe and President Spragens was moved, seconded and unanimously approved by the Committee : That the G. f. Brakeley & Company be employed, at a cost not to exceed $4,500, to make o. feasibility study for a fund raising program designed to provide financial support �,. 3 70 -6for the long-range development program which was approved by the Board of Trustees in June, 1959. 23. Cn motion by Mr. l~mstrong, seconded by Mr.1-1. P. Cald,vell, the Executive Committee adopted the following resolution: That Mr. Lively be paid a retainer fee of $150.00 per month, as counsel for the College, effective January l, 196o, in addition to payments to Mr. Lively for special legal services which he renders to the College . 24. The next meeting of the Executive Commjttee will be at the call of the Chairman. On motion the meeting was adjourned by Chairman Lanier at 3:00 P.lv1. Respectfully submitted, PIERCE LIVELY Secretary �371. Minutes of the Meeting of the EXECUTIVE COMMITTEE of the Board of Trustees of Centre College of Kentucky held at Louisville, Kentucky, on January 29, 196o Present 1,1ere Chairman Lanier and Trustees Armstrong, Barr, Campbell, Van \-lj_nkl e and Lively, and President Spragens. 1. The meeting was opened with a prayer by the President. 2. The minutes of the last meeting of the Executive Comrojttee \tere approved as previously circulated and the reading thereof waived. 3. Mr. Spregens presented a letter dated January 27, 196o, from John E. Robinson, Secretary of the Danville Board of Education, proposing that the Board of Education and Centre College exchange real estate on the following basis: The Board of Education will trade to Centre College the present Danville High School real estate and One Hundred Thousand Dollars ($100,000 .00) in exchange for the real estate of Centre College now used by the \·lomen' s Di vision on the north side of East Lexington Street between Jackson LanP, and Proctor Street. A copy of the letter is attached hereto. The details of posses sion and construction are to be worked out at a later date. Following a discussion by the Committee of this proposal, it was moved by Mr. Campbell, seconded by Mr. Van ,-11nkle and unanimously resolved: That the offer of the Danville Board of Education be accepted subject to final approval of the Centre College application for a loan from the Housing and Home Finance Agency and subject to details of possession being satisfactorily worked out. 4. Mr. Spragens reviewed the present status of efforts to acquire real estate in the Seventh and Main Street area for new women's residences . . was noted that options either now exist or have been exercised on all It but one piece of property necessary for this project. It was agreed that all of these options should be exercised as they come due and that the College should proceed to acquire this real estate. 5. Mr . Spragens presented re vised plans for the women's dormitories. These plans provide for t wo dormitories of two units each, one unit to house forty girls and one t o house f orty- e ight . This "'ill provide housing for one hundred seventy-s ix girls. A motion was made,eeconded and adopted: That these plans be approved with the understanding that elevations and exterior details are to be worked out. 6. on recommendation of the President, it was moved, seconded and unanimously adopted: That room rent in all new dormitories and fraternity residences be set at two hundred and seventy dollars per year per student beginning September, 1961. 7. I t was reported that an agreement has been concluded with the George Brakeley Company for conducting a study of Centre College's potentia~_for a fund-raising program at this time. Members of the staff of the Bral(]_ey Company v1ill be in Danville on Monday, February 1st, to begin this study . �-2- 372 :. It was determined that a meeting of the full Board of Trustees be called for Saturday, April 2, 196o, at 10:00 A.M. 9. Mr. Ianier reported that he had received a letter from Mr. Logan Caldv1ell resigning as Chairman of the Investment Committee of the Board of Trustees. It ,,ras moved, seconded and adopted that this resignation be accepted with regret and with the thanks of the Committee for Mr. Caldwell's faithful service as Chairman of this committee. 10. It was moved, seconded and unanimously adopted as follows: ''RESOLVED, that the officers of Centre College of Kentucky listed below, or their successors in office, Thomas A. Spragens, President, E. M. Rall, Treasurer, vthen acting singly, be and they are hereby authorized to effect loans from time to time on behalf of this College from the First National Bank, Louisville, Kentucky, and to renew or extend such loans from time to time not to exceed in the aggregate Two Hundred Thousand Dollars ($200,000.00); and for such loans ( and any and all rene,-1als and extensions) to make, sign, endorse, execute and deliver in the name of this College to said First National Bank, Louisville, Ky., the promissory notes, endorsements and other obligations of this College, and to pledge as security for such loans (and a:ny and all renewals or extensions thereof) the endorsement, stocks, bonds, promissory notes, bills receivable, and other property of this College. The proceeds of all such loans, renewals and extensions, shall be placed from time to time, as made, to the credit of this College on the books of said First National Bank, Louisville, Ky., and such credit shall have the same force and effect as if the amount thereof had been duly paid to this College in cash. "IT IS FURI'HER RESOLVED, that the Bank is authorized to rely upon the aforesaid resolution until receipt by it of ,rri tten notice of any change or revocation thereof." On motion the meeting was duly adjourned. Respectfully sibmitted. PIERCE LIVELY Secretacy �D.ANVILIE FUBLIC SCHOOIS John E. Robinson, Superintendent Danville, Kentucky 373 January 27, 1960 President Thomas Spragens Centre College of Kentucky Danville, Kentucky Dear Doctor Spragens: The Danville Board of Education has given considerable time, thought and discussion to the proposition of making a trade of the present Danville High School property to Centre College for the women's division property of Centre. The Board nas discussed every possibility and have caJJed upon several of Danville's good citizens for advice. It is our feeling that Centre College should have the present Danville High School site when abandoned and the site of the women's division is a very desirable site for a future high school. \-le feel that both of these properties should continue in use for the total program of education. In trying to arrive at a money difference of the properties, we find that it is almost impossible to know exactly what each site is ,.,orth. After deliberation, the Danville Board of Education made the decision that they <0uld pay a difference of $100,000.00. We wish that we ,-1ere a wealthy school district and could pay more, however, this amount is the limit of our ability, and in consideration of both parties, the Board felt that this ",as a fair price for both parties. hope that you and your Board can see fit to accept this amount and that we can "'ork out further details of moving possessions and construction. From my discussion with you, not only concerning this matter but in our educational relationship, the Danville Board of Education, and I, feel sure that we can work out aJ1 the minor details necessary to make this trade a profitable one to both institutions. \·Te As we make this offer, and hope we can work together for the welfare of Danville and the education of youth, may we continue in the same good faith and friendship which we are experiencing . Sincerely yours, John E. Robinson (Signed) John E. Robinson, Secretary Danville Board of Education �CENTRE COJ.JEGE OF KENTUCKY Balance Sheet Statement- Op~rating Fund ASSETS Current Funds: Cash in Bank Petty Cash Fund January 31, 1960 138 ,678 . 10 1,000 .00 500 . 00 (190 ,411 .06) 1, 400 .00 9,750 .00 180 .00 5,4J8 .69 17 ,441 .41 29 ,736 . 16 Notes Receivable- Licht~r Loan Fund Accounts Receivable Pr epayment Plan National Defense Student Loan Fund gency Funds Deferred Expense : Departmental Inventories Prepaid Insurance 13 ,713. 30 Total ~ssets LIABILITIES Accounts Payable Accrued Salaries and Wages Federal Truces Withheld Salary Savings Premium Withheld Hospitalization Insurance Social s~curity Taxes Withheld Kentucky State Taxes Withheld Prepaid Charges Meal Tickets- Men Board Charges -Women Reserves Miscellaneous Lilly Foundation Research Program Gifts for Designated Purposes Estate of Anne L. Spaulding Due Other Funds Prize Fund D.K.E House Fund National Defense Student Loan Fund Lichter Foundation Student Loan Fund Prepayment Plan Investments Agency Funds Surplus - Deficit Account Accumulated Operating Deficit Operating Gain or (loss) 139 ,678 . 10 7. 02 21 ,942 .00 7,697 . 17 126 .88 352 .82 1,876 .44 1,075 .78 33, 078. 11 8,475 . 54 6,639 .96 15 , 115. 50 1, 795 .44 11 , 863 . 15 3, J40 . 28 1,509 . 10 10 ,000 .00 28 , 507 .97 J , 790 . 79 195 .73 J ,986 . 52 9,750 .00 500 . 00 1,400 .00 1, 857 . 55 ( 28 , 6J 1 • 2 J) (51 ,851 . 12) 13 , 507 .55 94, 195. 65 80 ,482 . )5 13,713, 30 �.. BUDGET COMPARISON INCOME 1959-60 Student Fees Tuition Other Endowment Income Unrestricted Real Estate (net) Restricted Gifts and Gr ants Church Boards and Churches Living Endowment G:i.fts Special Gifts Fund Alumni Fund Vocational Guidance Grants-Research , etc . Other Income Auxiliary Enterprises Residence HaJ ls -Women Residence Halls-Wiseman Residence Halls- McReynolds Residence Halls - Breckinridge Dining Hall- Men (net) Dining Hall-Women (net) Tea Room- (net) Coffee Shop (net) Bookstore (net) Intercollegiate Athletics Student Aid Gifts Endowment Total Income Operating Gain (Loss) Income Unr ealized Per centage Realized Balance Realized )72 ,000 , 00 186, 144.44 1,670~ 18?, 814.78 184,185 .22 50 . 5 115 , 700 . 00 J6 ,411. J5 2,263 .01 1$,675.46 54, 349 .82 61,350.18 47 . 0 137 , 000 . 00 12 ,000 . 00 36 , 728 .28 6,4J2 . 22 1,000 .00 22 , 721 .70 4,8J7 . 50 9,850 ,00 81 , 569 .70 2,941 . 32 55,430 . 30 2,058,68 59.5 159,000 .00 17 ,701 .00 J ,610 . 61 2,481 . 12 10 ,022 . 22 6,017 . 29 4,486 . 67 55 .96 (1, 046 .09) 1,864 . 16 1), ~ ~- 89 58 , 5 8.83 100 ,431 . 17 j6 .8 29 ,500 .00 1,644. 58 11 ,677 . 50 lJ , 322 . 08 16 , 177 .92 45 .2 426 ,6JJ.47 48 . J Budget 825 , 200 .00 1- Jl -60 398 ,.566 .53 (.51 ,851 . 12) 4.50 .417. 6.5 24. 5 �BUDGET COMPARISON Budget EXPENSE 1959-60 Gener al Administration President 1 s Office Comptr oll er' s Office Treasurer's Office Boards Student Services Regist r ar ' s Office Dean of Students Dean of Women Health Service Student Activities Vocational Guidance Bus Service Staff Benefits 15 •030 .54 10.505.74 87 ,426 .81 29 .60 112,992.69 48 ,672.00 3,375 . 22 2,056 .01 2,514.02 3,209 .99 2,615 .09 4,020.72 1,380 .45 19,171.50 23 ,480 .00 10,880.92 General Institutional Expense General Alumni Office Gener al Secr etary Communication Publicity Office Student Admissions Instructional Expense Departmental and General Library Operations and 1'faintenance Auxiliary Enterprises Residence Halls -Women Residence Halls-Wiseman Residence Halls-McReynolds Residence Halls-Breckinridge Intercollegiate Athletics Student Aid • TOTAL EXPENSE Expended Unexpended Percentage 1-31~60 Balance Exp~nded 29! 500 • 50 12,599.08 39 •4 46 .3 4,206.61 9, J00 .05 7,261 .41 3,365 .06 692 . 16 14:J96.54 47 ,688 .66 45 .1 256 ,534.00 26 ,96.5 .00 112,41,.00 395,91 . oo 128,84J.06 1 J , 177, 90 55 ,642.)0 197 ,66J. 2p 198,250 .74 49.9 139,000 .00 10,801.71 2,406 .58 2, 128.46 7,322 .62 15.272.22 37 ,936.60 101,063.40 27 .3 61 , soo ,oo 32 ,551. 34 28 ,948 .66 52 .9 824,521 . 00 450 .417 .65 374 ,103 . 35 54 .6 39 221 . �Minutes of the meeting of the BOARD OF TRUSTEES of Centre College of Kentucky Danville, Kentucky, April 2, 1960 374 • The meeting convened at 10:00 a . m. in the conference room of Old Centre . Present were Chc.irmon Lanier, Mrs. Cho.ney, Miss Yerkes, Messrs . ArmstronGJ Baker, Barr, Fr::'nk Co.ld,-rell, Logo.n Cald1-1ell, ll. P. Cald,vell, Co.mpbell, Fo.ulconer, Hall, Lively, Ne1-1lin, Price, To.te, Van Ant,-,erp nnd Von llinkJ e, and President Spro.gens . 1. The meeting wo.s opened v1i th a prayer by Mr . Hall. 2 . The minutes of the last meeting of the Board of Trustees on October 30-31, 1959, and the minutes of the meetings of the Executive Commjttee on December 14, 1959, January 9, 1960, and Jnnuo.ry 29, 1960, were approved as previously circulated and the reading thereof wo.i ved . 3. Chairman Lanier onnounced that Mr . Boles ho.s accepted the appointment as Chairman of the Investment Commjttee of the Board of Trustees to succeed Mr . Lognn Coldwell, whose resiGnation had been accepted at the meeting of the Executive Committee on January 29, 1960. 4. Chairman Lanier reported that Va- . Sutcliffe ho.d requested tho.this resignation as Cho.irmo.n of the Finance and Development ():)mmittee of the Board of Trustees be accepted . It was moved, seconded and adopted: That Mr . Sutcliffe's resignation of the cho.irmonship be accepted with regret o.nd 1-1ith the thanks of the Boo.rd for his faithful service o.s Chairman of the Committee. Chairman Lanier appointed Mr . Boker to succeed Mr . Sutcliffe as Chairman of the Fino.nee ond Development Committee . Mr . Boker accepted the appointment • 5. The fino.ncio.l report for the second quarter of the 1959-60 fiscal year ,,o.s presented nnd rev1e,-1ed by the Treasurer . The Treasurer reported that the College had borrol1ed $180,000 .00, under the authorization granted by the Executive Committee in its meeting of January 29, 1960, for the purpose of purchasing property for the future location of the ,-romen' s campus . 6. President Spragens reported on the progress of the College in the areas of academic affairs, student life, and the development program. Copies of the report were distributed to the members of the Boa.rd. 7. President Spragens recommended that three members of the faculty be promoted in ro.nk. a . On a motion by Mr . Co.mpbell, seconded by Mr. Lively, the Board of Trustees approved the following recommendation of the President: �• 375 -2- Tha.t LeRoy W Ullirch be promoted from the rank . of Associate Professor to the rank of Professor ' effective ct the beginning of the 1960-61 acc..demic yeo.r . b . On motion by r.1r. F:ronk Caldwell, seconded by 1,1r. Faulconer, the Board approved the following recommendation of the President: Thct Lawrence E. Noble be promoted from the r nnk of Assistcnt Professor to the rcnk of Associcte Professor, effective ct the beginning of the 1960-61 oca.demic year . c . On a motion by Iir . Logcn Cald,.,ell, seconded by 1-'ir . Von Antvrerp, the Boa.rd a.pproved the follo,-ring recommendation of the President: 1 Thnt Briscoe Inmc.n be promoted from the rank of Assistant Professor to the r r.nk of Associate Professor effective nt the beginning of the 1960-61 academic year . 8. President Spragens recommended thct Dr. Ullrich be relieved of his duties c.s Deon of Students, end thut c position o.s Deen of !~en be crec.ted . The President recommended thot I Io.x Co.vnes, c. member of the sto.ff of the Depcrtment of History and Government end the Faculty Resident in BreckinridGe Hull, be appointed to the position of Dec.n of lvien. The President pointed out thut these cho.nges would a.JJow Dr. Ullrich to devcte more time to the vital nnd effective progrrun of counselling with Centre students, nnd v1ould allow Dr. Covnes more opportunity to coordinate the cctivities of men students end to oversee student life in the men ' s residences. 1 On motion by Mr. Campbell, seconded by Mr . Price, the Board of Trustees cpproved the following recommendation of the President: That. effective ut the beginning of the 1960-61 academic year, Dr. Ullrich be relieved of his duties as Deon of Students; that the position of Dean of Students be abolished; thc..t o. ne,.., position of Deen of Ifien be established; end that Dr . Ca.vnes be appointed to fill the position of Deon of Men o.nd to perform such duties as may be assigned to him by the President of the College . 9. The President presented a proposed budget of income end expenditures for the 1960-61 fiscal year . For considerction together with his proposed budget, the President presented his salary recommendations for individual members of the faculty . The President stated that the proposed budaet and faculty sola.ry recommendo.tions were based on a. st,1dent population of li50 in September, 1960, and on the basis that student fees would remain the same as for the present acaremic year . The President pointed out that the proposed budget of $850,800 represents a balanced budget , but it anticipates the appropriation of $31,675 for 1960-61 of undesignated gifts and �376 - 3bequests ,-,bich ho.ve been received, or are expected, during the current fiscal year. lowing On motion by Mr. Campbell, seconded by Mr, Baker, the folrecommendo.tion of the President ,-1as approved: That the proposed budget for 1960-61 of $850,800 of anticipated income and expenditures be adopted as presented; and that the following schedule of faculty salaries be approved for the 1960-61 academic year: 1959-60 PROFESSOR Cook Hart Ho.zelriGg Heck Henriquez-Urena Knott Misch Ritchie Robinson Rush Steere S1-1eeney Vaughan \·l alkup Ullrich Vocancy-Language ASSOCIATE PROFESSOR Barbour Br10.nt Con1<J in Ellis Heffelfinger Hill Holdren I<ellam Loetscher Nichols Ullrich I<novrles Noble Inman ASSISTANT PROFESSOR Cantrell Cavnes Hodgltins Inmnn Kelso 1'Toble Proposed for 1960-61 7,600 7,000 6,800 8,200 7,400 9,000 (7,500 base) 10,000 (8,300 base) 2,400 ( +5, 500 \·Jhi tney Fdn. ) 6,4oo 6,800 6,100 7,000 6,500 7,000 6,300 7,500 6,800 1,000 6,100 7,200 6,400 8,000 7,600 7,100 6,400 8,400 (7,000 base) 7,500 5,000 6,000 6,000 6,000 5,300 6,000 5,600 5,800 6,000 5,200 7,400 (6,200 base) 7,500 (6,250 base) 5,6oo 6,600 6,400 6,600 6,000 6,600 6,300 6,500 6,600 5,600 5,400 4,500 4,6oo 5,800 (5,250 base) 4,700 5, i~oo 6,000 5,600 5,100 8,000 (6,650 base) 6,000 6,300 (5,700 base) 5,200 �377 -41959-60 ASSISTANT PROFESSOR (Cont. ) Reeves Vestermark l·Tinsor l1oles (Part Time) Vacancy-Sociology INSTRUCTOR Brummett Payne Rogers \·l a]ker Vacancy-English Vacancy-History Proposed for 196o-61 4,800 4,600 5,400 1,000 5,400 5,100 6,000 5,200 5,500 (5,000 base) 4,ooo 4,200 4,300 INSTRUCTOR - PARI'-TIME Cheek 1,900 Dondero 500 UJ]rich, Elizabeth 950 5,900 (5,350 base) 4,300 4,700 4,500 4,500 2,100 500 10. President Spro.gens reported that the Federal Government desired to lease an additional .03 of an acre, adjo.cent to the . 46-o.cre parcel leased to the Government on June 7, 1958, for use of the Naval Electronics Facility ,rhich is located on the Centre campus . The President stated that the suggested revision of the lease ,.,ould allo,1 better access to the d.ri ve1-1ay and parldng o.reo of the Naval Electronics Facility Building, and ,rould be an asset to the College as ,-1ell as the Government. On motion by Mr. Van \lin)c]e, seconded by lv Tate, the lr. Board adopted the follo,1ing resolution: "v1herec.s, on June 7, 1958, this Board approved the leas ... ing of o. o.46-ocre parcel of land o.t Centre College of Kentucky unto the United States of .l\merica for a term of fifty years beginning 1 July 1958 and ending 30 June 2008; and "\·lhereas, on June 7, 1958, Centre College of I<entucky, acting pursuant to said rcsolut¢ion, o.nd by o.nd through its duly constituted officers, did lease the aforesaid o.46-o.cre parcel unto the UNITED STATES OF AMERICA for a. term of 50 years, '\-Thich said lea.se is identified by number o.s NOy(R)-50383 and is duly recorded among the lo.nd records of Boyle County, Kentucl{y, in Deed Boolt 112, pages 347 to 358; and "\·Jhcreas, the UNITED STATES OF AMERICA has represented that it has a. requirement for an additional a.reo. of approximately three one hundredths ( . 03) of an acre of Centre College of Kentucky, lying immediately adjacent to the a.foresaid o . 46-acre parcel; o.nd "\Jherea.s, this Board considers 1t in the best interests of the College to lease the said additional three �378 -5one hundredths (.03) of an acre to the UNITED STATES OF .AMERICA. " NO\;l, 'l'HEREFORE, BE IT RESOLVED o..s follows: "l . That the Board approves the leasing of this afore said additional area of approximately three one hundredths (.03) of an acre to the UNITED STATES OF /\MERICA for the same term and under the same terms and conditions os contained in the basic lease, NOy(R) - 50383. "2 . That this Board hereby authorizes and directs its chairman to enter into and execute, on behalf of Centre College a Third Modification Agreement to the aforesaid basic lease NOy(R)-50383 for the purpose of revising the description of the leased premises to include the afore said three one hundredths (.03) of an acre, and the secretary of this Board is hereby authorized and directed to attest the execution of such Third Modification Agreement and to affix the official seal of the College thereto . " 11. President Spragens reported there is still a question as to whether or not Mr. Arnicar, Controller of the College, who suffered a heart attack in September, 1959, should return to work . It was moved, s : . econded, and unanimously adopted as follovrs . That Chairman Lanier, Mr. Logan Caldwell, ond President Spragens be authorized to work out, if it should appear desirable, a retirement program for Mr. Arnico.r that ,-1ould be reasonably acceptable both to Mr. Arnicar and to the College, if medical authorities suggest that he accept disability retirement. The meeting recessed for lunch at ll:55 a . m. and reconvened at 1:10 p.m. 12. Mr. Brakeley and t-1r. Hubbard of the G. A. Bre.lteley & Cot:::Po.ny joined the meeting. Mr. Brakeley presented a preliminary survey on the feasibility of the College's initiating o fund raising program designed to provide fino.r.ciol eupport for the long-range development program for the College. Following a review and discussion of the report, Chairman Lanier thanked Mr. Brakeley and Mr. Hubbard for appearing before the Board, ond excused them from the meeting. on motion by Mr. Baker, seconded by Mr. \-1 . P. ca1d,-1ell, the Board adopted the following resolution: That the Board of Trustees accept, in principle, the preliminary report of the G. A. Brakeley & Company; that the President be authorized to retain the G.A. Brakeley & Company to provide professional direction of the fund raising program, provided the field director assigned to the project by the Company is acceptable to President Spragens; and tl1at funds up �379 1 -6to the amount of $25,000 . 00 be authorized for expenditure on the program. 13. On motion by Mr. Van Ant\rerp, seconded by Mr. Armstrong, the follo,.,ing re solution was adopted: That the selection of a General Chairman and an Honorary Chairman of the fund raising program be delegated to the Finance and Development Committee of the Board of Trustees . 14 . President Spragens reported that the architects ,.,ere proceeding with the preparation of final plans and specifications for the Student Center project . Reporting on the design of the worr.en's residences, the President stated that, after careful consideration, it appears advisable to plan the t1-10 buildings as four separate residence uni ts in order to provide more flexibility in accommodating the students by class standing . He stated further that the idea of a central core for service facilities in the residences had been abandoned after careful consideration and investigation . On a m0ti en by !,1 r . l Te,1l.~n, seconded by Mr. Campbell, the Boord adopted the follo.1ing : 1 That the Board of Trustees approve the general plan of design for the women's residences recommended by Murphy & Mackey, and presented to the Board on this date . 15 . Mr. Armstrong, Chairman of the Committee on Athletics, reported that there has been an expressed interest in the formation of an athletic conference composed of these six schools: Centre, Sewanee, Davidson, Washington & Lee, Hampden-Sydney, and Southwestern. Mr . Armstrong stated that the Committee on Athletics believed that a conference alignment of these six schools may be helpful to the intercollegiate othletic program of Centre, and that the Committee recommended that further consideration be given to,-1ard organizing such a conference. On a motion by Mr . Van J\ntwerp, seconded by Mr . Logan Caldwell, the Board approved the follov1ing: That President Spragens be authorized to discuss with representatives of the other schools concerned, the formation of an athletic conference composed of Centre, Sewanee, Davidson, \~ashington and Lee, Hampden-Sydney, ond Southwestern. 16. Chairman Lanier announced the next meeting of the Board of Trustees would be held on Saturday, June 4, 1960. The meeting ,.,as adjourned by the Chairman at 4:00 p . m. Respectfully submitted, PIERCE LIVELY Secretary �380 ,. CENTRE COLLEGE OF KENTUCKY Balance Sheet Statement- Operating Fund ASSETS Current Funds: Cash in Bank Petty Cash Fund January 31 , 1960 138,678 . 10 1, 000 .00 500 .00 (190 ,411. 06) 1,400 .00 9,750 .00 180 .00 5,438 .69 17 ,441 .41 29 , 736 . 16 Notes Receivable- Lichtclr Loan Fund Accounts Receivable Pr epayment Plan Nntional Defense Student Loon Fund .tt..gency Funds Defe rred Exper1se : Depart mental Invento1~ies Prepaid Insurance 13,713.30 Total Assets LIABILITIES Accounts Payable Accrued Salar ies and Wages Federal Taxes Withheld Salary Savings Premium Withheld Hospitalization Insurance Social s~curity Taxes Withheld Kentucky State Taxes Withheld Prepaid Charges Meal Tickets- Men Board Char ges-Women Reserves I~iscellaneous Lilly Foundation Research Program Gifts for Designated Purposes Estate of Anne L. Spaulding Due Other Funds Prize Fund D.K. E House Fund National Defense Student Loan Fund Lichter Foundation Student Loan Fund Prepayment Plan Investments Agency Funds Surplus - Deficit Account Accumulated Operating Deficit Operating Gain or (loss) 139 ,678 . 10 7. 02 21 ,942.00 7, 697 . 17 126. 88 352 .82 1,876 .44 1,075 .78 JJ , 078. 11 8 ,475 .54 6,639 .96 15,115. 50 1,795 ,44 11,863.15 3, 340 . 28 1,509. 10 10 ,000 .00 28 ,507 .97 3, 790 .79 195 .73 3, 986 . 52 9,750 .00 500 .00 1,400 .00 1,857.55 ( 28 , 631 •23) (51 ,8.51 .12) 13,507 .5.2 94 ,195 .65 80 ,482 .J.5 13,713. 10 �BUDGET COMPARISON INCOME 1959-60 S udent Fees Tuition Other Endowment Income Unrestricted Real Estate (net) Restricted Gifts and Gr ants Church Boards and Churches Living Endowment Gifts Special Gifts Fund Alumni Fund Vocational Guidance Grants - Research , etc . Other Income Auxiliary Enterprises Residence Halls -Women Residence Halls-Wiseman Residence Halls- McReynolds Residence Halls- Breckinridge Dinin Hall- Men (net) Dining Hall-Women (net) Tea Room- (net) Coffee Shop (net) Bookstore (net) Int rcollegiate Athletics Student ki.d Gifts Endowment Total Income Operating Gain (Loss) Unr ealized Perc~ntage Income Realized Realized Balance 372 ,000 . 00 186 , 144.44 1,670~ 187, 814 .?8 184 ,185 .22 so.5 115 ,700 .00 J6 ,411 . J5 2,263 .01 1~,6?5.46 54 , 349 .82 61.350. 18 47 .0 137 ,000 .00 12 .000 .00 36 , 728 .28 6 ,4J2 . 22 1,000 .00 22 ,721 .70 4 ,837 .50 9,850 .00 81 ,569 .70 2,941 . 32 55, 430 . 30 9 ,058 ,68 59 .5 159 ,000 .00 10 ,022 .22 6,017 . 29 4 ,486 .67 55 .96 (1' ,046 .09) 1,864 .16 1), ~ 5,82 58 , 5 8.83 100 ,4Jl . 17 jo,8 29 ,500 .00 1,644. 58 11 ,677 . 50 1J , J22 .08 16 , 177 .92 45 . 2 426 ,6JJ.47 48 . J Budget 1- Jl -60 24. S 17 ,701 .00 3,610.61 2 , 481 . 12 825 ,200 .00 J98 ,566 . 5J (51 ,851 . 12) 450 ,417 . 65 �3s2 BUDGET C0}1PARISON Budget EXPENSE 1959-60 General Administration President's Office Comptr oller' s Office Treasur er 's Office Boar ds Student Services Registrar ' s Office Dean of Students Dean of Women Health Ser vice Student Activities Vocational Guidance Bus Ser vice Staff Benefits General Institutional Expense Gener al Alumni Office General Secr etary Communication Publicity Office St~dent Admissions Instructional Expense Departmental and General Library Operations and 1'·1aintenance Auxiliary Enterprises Residence Halls -Women Residence Halls-Wiseman Residence Halls -McReynolds Residence Halls-Breckinridge Intercollegiate Athletics Student Aid TOTAL EXPENSE Expended Unexpended Per centage 1- Jl. 60 Balance Exp~nded 15,030 . 54 10 ,505 . 74 87 ,426 .81 29 . 60 69 ,045 .00 48 ,672 ,00 3.375 . 22 2,056 . 01 2,514.02 3, 209 .99 2,615 . 09 4,020 .72 1, 380 .45 19 , 171.50 23 ,480 .00 10 ,880 .92 86 ,91 0. 00 4,206 . 61 9, J00 . 05 7,261 .41 J , J65 .06 692 . 16 14, 396 . 05 39 ,221 . 34 47 ,688 .66 45 .1 256 ,5J4.00 26 ,965 . 00 112,415 .00 395 ,914 . 00 128,84) .06 13, 177 , 90 55 ,642 . 30 197 ,663 . 26 198, 250 .74 49 .9 139 ,000 .00 10 ,801 . 71 2,406 .58 2, 128.46 7, 322 . 62 15 , 27~ . 23 37 ,93 .60 101,063 .40 27 . 3 61 , soo .oo 32 , ,;51 . )4 28, 948 . 66 52 .9 824 ,521 . 00 450 .417 .65 374 , 103. 35 54 .6 29 ,500 . 50 12 ,599 .08 39 .4 46 .3 I �April 2, 196o Centre College of I{entucky 196o-61 Proposed Budget 1958-59 Income 1959-6o 1960-61 Actual $ 67,500 15,000 31,700 $114,200 $69,700 14,000 32,200 $115,900 $47,500 30,000 10,000 27 ,000 9,500 18,250 $142,250 $ 55,000 32,000 -027,000 9,000 -0$123,000 2,735 Other Income $381,300 4,500 $385,860 $47,046 34,829 9,6o6 25,4o2 9,466 12,750 $139,099 Gifts and Grants Church Boards & Churches Living Endowment (gifts) Special Gifts Fund A11nnni Fund Vocational Guidance Grants-Research, etc. $367,000 5,000 $372,000 $69,012 ll,114 30z674 $110,800 Endowment Income Unrestricted Real Esma.te (net) Restricted Proposed $324,418 4,529 $328,947 Student Fees Tw.tion Other Budget (revised) $ 5,400 $ 4,800 Auxiliary Enterprises Centreville Residence Ha.lls-Wcmen Residence Halls-Wiseman Residence Halls-McReynolds Residence Halls-Breckinridge Dining Halls Bookstores Intercollegiate Athletics $ 2,252 35,946 11,708 4,805 18,975 31,719 29,582 20,841 $155,828 $ -036,000 11,500 5,400 19,150 35,500 30,450 20,6oo $158,600 $ Student Aid Gifts Endowment $ 6,287 22,442 $28,729 $ 4,000 23,000 $27,000 $ 4,000 23,2 0 3,350 $ 31,675 $822,800 $850,Boo Undesignated Gifts and Bequests Appropriated* $766,149 TOTAL INCOME * Spaulding Bequest Lecompte re.vis Bequest Anonymous Gift l-lestinghouae Foundation -0- $10,000 15,000 5,025 5,000 $35,025 $ -036,000 11,650 5,400 19,500 37,000 31,000 21,825 $162,375 -27,250 �April 2, 196o Centre College of Kentucky 196o-61 Proposed Budget Expense 1958-59 1959-6o 196o-61 Actual Revised Proposed $21,269 16,162 9,684 197 $53,312 $29,210 18,290 16,945 200 $64,645 $ 29,2l0 16,870 17,825 300 $64,205 $ 7,743 -03,682 -05,052 -07,852 4~ 952 8,225 7,732 $45,238 $ 6,750 -04,ooo -05;115 3,500 8,880 5,000 8,250 3,000 $44,495 $ 7,010 4,135 -05,850 5,475 7,000 8,935 5,500 9,000 2,975 $55,880 Staff Benefits $20,931 $23,480 $26,000 General Institutional Expense General AlumnJ. Office General Secretary Ccrnrounications Publicity Office ., •• - Student Admissi ons $17,057 17,205 16,344 7,301 1,204 27,763 $'86,874 $ 19,500 17,500 12,650 7,300 1,795 27,760 $86,505 $,18,500 17,26o 13,230 7,420 1,595 26,720 $64,785 $245,316 25,238 $210,554 $266,210 26,965 $293,175 $273,465 28,650 $302,115 $113,700 $110,000 $107,250 $ 3,081 22,171 6,527 5,654 28,767 24,002 25,8~9 21,068 $137,119 $ 29,6oo 27,300 21,000 $139,000 31,000 27 500 21,725 $142,625 $65,605 $61,500 $ 63,000 Annui t i es $ 2,500 $ -0- Contingency Fund $ $ -0- General Administration President's Office Comptroller's Office Business Manager & Treasurer Boards Student Services Registrar's Office Counseling Services Dean of Students Dean of Men Dean of Women Dean of Chapel Health Service Student Activities Vocational Guidance Bus Service Instructional Expense Departmental & General Library Operations & Maintenance Auxiliary Enterprises Centrevi lle Residence Halls-Women Residence Halls-Wiseman Res i dence Halls-McReynolds Residence Halls-Breckinri dge Dini ng Halls Bookstores Intercollegiate Athletics Student Aid TOTAL EXPENSE -0- $795,854 -024,350 5,200 5,700 25,850 $822,800 $ -025,000 5,700 5,700 26,000 $ -05,000 $850,800 �~ 00 ~ 1959-60 College Faculty Salary Data Mean Salaries on 9 or 10 Month Basis Associate Professor Assistant Professor $6,000 $5,210 $4,660 $4,180 Private - 500 to 999 11 7,270 5,990 5,320 4,650 500 to 999 II 7,270 6,250 5,700 4,900 Private - under 500 enrollment 5,790 4,850 4,190 3,710 Private - 500 to 999 " 6,540 5,530 4,76o 4,090 Public - 500 to 999 II 6,770 5,700 5,040 4,260 6,700 7, 400 5,736 6, 242 4,961 5, 450 4,375 4.670 Professor Instructor All U.S. Private - under 500 enrollment Public - Southern R~g:io~ Centre College - Proposed - 196o-61 Source: U.S.0ffice of Education "Higher Education Planning and Management Data 1959-6o" �REPORT OF ·rHE PRESIDENT Presented to the Boo.id of Trustees April 2, 1960 This April meeting of the full Boo.rd of Trustees is in the nature of an innovo.tion. For many yea.rs the full Boo.rd has normo.lly met only in October nnd June. This third meeting has been judged desirable to rnoke it possible for the entire Board to consider and act upon the onnua.l budget which must be odopted in o.t least preliminary form o.t this time in order ' that faculty sa.lory determinc.tions mny be mo.de in o. timely ,,ay. It is also importcnt that the entire Board be directly involved in the considero.tion of many decisions which are necessarily involved in the pursuit of the substantial program of development to which the College is committed during its sesquicentennial decade. Much has been done in the pursuit of this program in the interval following the fo.lJ meeting last October, o.nd substontial decisions nov a,-rait the further consideration of the trustees. In the following para.graphs the progress of the College in o] J. its fields of activity will be briefly revie,ved. ACADEMIC AFFAIRS: The continuing efforts of the feculty to maintain and enlarge the strength o.nd vitality of the a.endemic progrom hove borne specific fruits during the current academic year. High on the list of visible o.ccomplisbments is the successful introduction of the senior honors seminar on Social Applico.tions of Christian Thought. Students participating in the seminar ha.ve sho,m greo.t enthusiasm for it. They o.re ,1orlting ho.rd and productively in a. progro.m which is requiring extensive rending and substantial uriting, with greo.t responsibility being placed on the individual studentc for independent production. The seminar program, lTith its special financial subsidy, has olso mode it possible for us this yeo.r to bring to the co.mpus o. much larger group of distinguished visitors. Persons who ho.ve come to meet th the seminar hove o.lso regulo.rly addressed the entire student body ond faculty o.s o. pnrt of the \Teekly convoco.tion series. Among the speo.kers c.lreo.dy on the campus during the current semester o.re Alexander Miller of Stonford University; \·l illic.m Muehl of Yo.le University; T. V. Smitl1, formerly of tl1e University of Chicago und Syracuse and o. one-time member of Congress; ond Senator Eugene McCarthy of Minnesoto. Scheduled to o.ppeor later during the semester o.re Dr. Benjrunin Mo.ys of Morehouse College; the Honorable M. Gopo.lo. Menon, The Consul Generol of India. in Ne,., York; M. Fedorin, First Secretory of the Embassy of the U.S.S.R.; nnd Dr. funry Vandenbosch of the University of Kentucky. ,,i The subcommittee of the Phi Beto. Koppa Committee on Qualifications visited the College in February. The t,.,o visiting scholars were given ample opportunity to meet members of the Centre faculty ond to become acq~~~nted \.71 th the College's fo.cili ties. \·Jho.t the ultimate recommendo.tion of the Committee on Quolifico.tions with respect to the application of the Centre group for a Phi Beto Koppn chapter moy be remains, of course, to be determined at some yet rather distant time. Severnl other fine institutions a.re being considered o.s well during this triennium. '·7ho.tcver the ultimate conclusion of this honorary fraternity m:lY be with respect to the establishment �386 -2- of a cho.pter at Centre, it ,ras gro.tifying to have the follolring comment from one of the visiting counnittee in o. letter received following his visit: "I kno1-1 of no college in the country ,,i th better prospectsand even the brief tjme I was there l eft no doubt in my mind that great though your visions of the fu~ure are you have the qualities of mind, chcracter and spirit to rookP. them come true. " \·le have had o. continuing interest in enlarging the opportunities of members of the faculty for pursuit of research in their vo.rious fields. The research contract ,Tith the llest Virginia Pulp and Po.per Company lTill not be rene,-1ed for the coming yec.r. Hol1ever, ,,e have already received notice of the approval of our application for a grant from the Petroleum Research Fund to subsidize the research of Professors Rush and ,.1o.lkup, end we have pending an application with the Research Corporation for additional assistance to these two faculty members. In addition, an applico.tion is no,., pending with the Office of Naval Research for support of investigations in Hydrodynamics by Professors Ellis and Robinson. Mr. Kelso bas received a grant from tlie Board of Christion Education of the Presbyterian Church, U.S., for research during the coming si,romer, and Dr. Conk] in has been chosen to participate in a seminar at the University of Chicago in economics. Several of our students ho.ve received outsto.nding a.,10.rds for postgraduate ,,ork. l-1argaret 1•1enges and Benny Feese a.re both recipients of \-loodrow \.1ilson Fello1-1ships al10.rded in a nation\1ide competition concerned ,n. th identifying outstanding students giving promise as prospective college teachers. The t,ro Centre recipients c.re cmong t,relve hundred students selected from uni versi ties and colleges throughout the country. George Holemon has received a very ren:nmero.ti ve research fello,-rship from the Atomic Energy Commj ssion for advanced study in health physics at Harvo.rd University. Other applications for fello,,ships and research subsidies are still pending. Mr. Feese was one of two Kentuckians selected to represent the State in the o.nnua.l Rhodes Scholarship competition. This is the second straight yeo.r in ,-1hich Centre ho.s ha.d one of the t,-10 Rhodes Scholarship nominees. ~le have suffered the loss during the year of o. distinguished member of the faculty . Dr. J.P. Knott died suddenly during the Christmas recess. He has been replaced for the current semester by the appointment of Dr. Elizabeth Johnson as visiting professor in Modern Languages. A permonent successor is being sought. \·1e sho.11 c.lso lose at the end of this year by retirement Dr. Hornell Ho.rt, who hos served as visiting professor for the po.st three yeurs fol10,-1ing bis retirement o.t Duke University. A further vacancy for next year gro,,s out of the resignc.tion of Mr. David \lo) ker, who will be returning to graduate school to pursue the completion of his doctorate. Ne,, members of the faculty this year include Dr. Rex H. Kno,,les, Dean of the Cho.pel ond Associate Professor of Religion and Psychology; ~ilss Kitty Rogers, Instructor in Physical Education for women; and Mr. Joe Payne, Instructor in Physical Education for men. Dr. Knowles is already making a very substantial contribution to the ,-,orl{ of the entire College, o.nd lte o.re fortunate to ho.ve him in our midst. Miss Rogers' s coming has o.dded nel7 vito.lity o.nd interest to the work in physical educc.tion on the vomen's co.mpus. Her influ- ence i felt both in the required physical cduco.tion ,,orlc and in o. much 8 enlarged progro.m of recreation among the 1-,omen students. �387 -3S'IUJ?ENT LIFE: Continuing progress is being made in strengthening the organization of student life on the campus . The new student judicial system is now functioning, and is gaining strength by experience. Changes in the social regulations of the College ,-,hich were authorized last spring have aroused some adverse criticism off the campus, stimulated particularly by an unfortunate article in the student newspaper which gave a distorted impression of the effect of the revised regulations' affecting the use of alcoholic beverages . To answer inquiries ,-1hich came from various persons in our church constituency a brief memorandum was recently dist xituted to the ministerial members of both Synods of Kentucky. A copy of this memorandum is attached. Dr. Max Cavnes continues to do excellent work in his responsibilities as faculty resident of Breckinridge Hall. He has this year assumed additional responsibility for general oversight of the two upper-class residences. OUr experience during the past year and a half now leods to the decision that we should consider relieving the Dean of Students, Dr . Ullrich, of the responsibilities which he now carries for the general oversight of student life . A recommendation providing for the tronsfer of these duties to Dr . Cavnes o.s Dean of Men will be presented to the Board . This will make it possible for Dr. Ullrich to concentrate his efforts on his two other major responsibilities as ChairIDDn of the Department of Ps~,rchology and as Director of Counseling Services. The Athletic program has enjoyed variable success . The football seo.son resulted in three wins, three losses, and two ties . Interest in the competition was good throughout the season . The basketball team had much less success. In this area l-Te are still undergoing o. tro.nsition growing out of our retirement from the Kentucky Intercollegiate Athletic Conference. Consideration is now being given to a proposal under which Centre would o.lign itself with o conference composed of other institutions of comparable academic standard in Virginia, Tennessee and North Carolina. This matter is being referred to the trustees Committee on Athletics for consideration. Reference was made above to the initiation of the ,rork of Dr. Rex Knowles as Dean of the Chapel with the beginning of the second semester. Dr. Knowles's previous wide experience in student religious work has enabled him to develop a quick and easy rapport with the Centre student body. His leadership of the ueekly student chapel services has been enthusiastically received, and he is now beginning the development of many informal discussion groups and other organized student activities in the fraternity houses and other campus residences. He is already being called upon extensively as a public speaker in Danville and the surrounding communities. THE DEVELOPMENT PROGRAM: Following the October meeting of the Board of Trustees, much has been accomplished in the pursuit of the objectives established at that time in the adoption of the master plan and program of develop- ment for the next ten years. The final application for a loon from the Housing and Home Financ Agency was submitted about eight weeks ago. The final action of the Agency has not yet been received, but we hope for an early approval of the application. Meanwhile, preliminary plans for the men's residences are complet and the preliminc..-v plans for the women's housing are completed to the point of �388 -4presento.ticn to the HHFJ\. Ne,, floor plans o.nd elevc.tions for the women ' s residences will be presented for the consideration of the trustees today. The acquisition of lc.nd for the ne,., ,10JI.en' s campus ho.s been substantially completed . Twenty- three sepo.ro.te po.reels on the north side of Main Street and along Seventh Street have been acquired, and the t i t l es have been transferred in all except tlro or three cases . The total cost of the land for the nel, women's campus is approxi mately $175,000 . The Executive Commj ttee has authorized temporo.ry borro,,ing to pay for these purchases . The cost of the lo.nd lTill ultimately be fino.nced in connection lTith the government loons for construction of the dormitories . Negotiations between the College and the Danville Board of Education have resulted in on o.greement under 1-1hich the College will exchange the ,-omen I s campus, lrith the exception of the vleisiger Fine P.rts Building, to , the Boo.rd of Education for the present Danville High School property and a co.sh payment of $100,000. This agreement hos been approved by the Executi ve 1 Commjttee subject to final approval by the HHFA of the College s loan appl i cation . It gives the College the possession of the present Danville High School building ,Tith its gymnasium o.nd playing fields . The present buildings will be useful to the College in its period of growth and adjustment during the next few years, and provide o. fine site for the development of our planned auditorium in the future. It o.lso provides protection against ,,hat other'\·Tise might hove been undesirable encroachments on our east flonk . \·larking droJvings for the student center o.re no11 being developed by the architects . It should be possible for construction to begin on this project in the eo.rly s11mrnP.r providing financing arrangements are secure . Pursuant to the direction of the Board of Trustees, the Finance and Development Committee has proceeded lTith nn exploration of the College ' s capo.city to raise funds for capital PUrposcs. This study is being made by the George Bro.keley Corporation, professional fund raising counsel of New York City. Mr . Bro.k.eley and one of his associates ,-rill be present to present their preliminary report to the Boord of Trustees this afternoon . It is hoped tho.t this report \Till provide the basis for a more specific decision by the trustees Qbout the dimensions and tjming of a capital funds campaign, 1-1hich should provide the funds necessary addi tiono.l to those no11 available for the completion of the entire residence and dining program, for the student center, o.nd for o. ne,,, library and academic building . ,.,e have reason to take pride in the substontial progress lrhich the College hos mnde in its academic progrrun and in planning for the further development of its physical facilities. The promise for our service to Kentucky and the Mid-South in the yea.rs just oheo.d is exceedingly bright . The efforts "\-Thich irill be required to accomplish the goo.ls to l1l1ich ,,e are commjtted will ho,,, ever, be substantial . These ore days of important decisions in the o.ffo.irs of the College. The responsibilities ,11th ,.,hich ,.,e ore presently charged deserve our best judgment o.nd our most diligent efforts. �MEMORANDUM The regulations of Centre College regarding alcoholic bever ages provide as follo,,s: "In agreement \-Tith the stated principles of the General Assemblies of the Presbyterian Ctcrcb Centre College urges its students to adopt a standard of abstinence from alcoholic beverages ,-1hile a part of its academic coxmunity . Intoxication or disorderly conduct is sufficient cause for imn:ediate suspension or dismissal . "The use of alcoholic beverages in any public place or at any college social function is specifically prohibited . No frate rnity or other group may provide alcoholic beverages for its n:embera or guests." This restatement uas adopted last May by the faculty on recommendation of a joint student-faculty commj ttee , ,;ri thin the terms of authority and responsi'b ility vested in the faculty by the Board of Trustees . It replaces regulations of some years standing ,,hich simply pi"ohibi ted the possession or use of alcoholic beverages on the campus . The is designed intoxicants of personal all college revision was adopted after months of discussion o.nd study . It 1) to make eKplicit the College's disapproval of the use of by its students, 2) to foster considered voluntary standards conduct, and 3) to assure o. sound and \.1holesome atmosphere at social functions, on or off the campus . It is true that the restatement does not specifically prohibit the private possession of alccholic beverages by individual students . The study committee and the faculty were convinced,ofter long deliberation, that the most constructive pursuit of desired goals was to be attained by fostering voluntary standards on the part of individuals while establishing specific prohibitions affecting group affairs . Moreover, this point of view seems consistent with the pronouncements of our sustaining churches . It has been correctly observed, on the other hand, that most of our Presbyterian colleges explicitly prohibit the possession or use of alcoholic beverages by students. Our study found, however, that such prohibitions generally apply only to the college campus . The institution in effect etuts its eyes to student practice off-campus, although in some such colleges most major social functions take place at off-campus locations . Centre is determined to treat with this age-old issue in ways designed to fost e r effirmatively wholesome student attitudes and conduct, as nearly devoid of hypocrisy as possible, Broad public tolerance of beverage alcohol over the past twenty- five years has created a general student attitude which is much more responsive to regulations expressed in terms of standards of conduct and public responsibility than to explicit limitations upon individual cl1oice. Our preliminary evaluations indicate that the ne , regulations and practices are accomplishing their pur poses better than does the more traditional statement, though the latter may cppear more unequivocal and hence �-2- ffiore desirable on paper . Certainly the student body is committed to enforce~ent of these standards and a student judiciary is active in dealing ,,1th tr&nssressors. \·le can fairly say also that tl'1e social life of Centre students is concentrated on campu s, properly within the influence of the feculty and staff of the College. lle ,,elcome visitors to our dances, athletic events and other functions ,,i th the !mo,1ledge that the generol conduct and demeanor of our students ,-rill reflect credit on tl1e College and on the Presbyterian Church :t-iarch 19, 1960 390 �391. Minutes of the meeting of the Board of Trustees of Centre College of Kentucky Danville, Kentucky, June 4, 1960 The meeting convened at 10:00 a . m. in the Centre. Present ,,ere Vice Chairman Sutcliffe, Messrs . Armstrong, Baker, Barr, Blazer, Boles, Cald,1ell, \·l . P. Cald,,ell, Campbell, Faulconer, Nichols, Price, Tate, Van Ant,rerp, Van t·l.Lnkle, 1. conference room of Ol d Mrs . Chaney, Miss Yerkes, Frank Caldwell, Logan Hall, Lively, Nevin, Ne,rl in, and President Spragens .. The meeting lTas opened ,.,ith a prayer by Dr# Frank Cal d,,1ell . 2. In the absence of Chairman Lanier, Vice Chairman Sutcliffe pre sided at the meeting . Vice Chairman Sutcliffe requested, on behalf of the Board of Ti-ustees, that President Spragens express to Chairman Lanier the Board' s regrets that Mr. Lanier ,,as not able to attend the meeting . 3- On a motion by Mr. Logan Cald,-1ell, seconded by Dr . Franlc Caldwell, the Board of Trustees approved the minutes of the April 2, 196o, meeting of the Board as previously circulated and the reading thereof was waived . 4. Mr. Campbell, chairman of the Nominating Commjttee, presented that comm) ttee 's report nominating the follo,.,ing persons for the office of Trustee for terms expiring June 30, 1966: Dr. Mary Ashby Cheek, Norr is Armstrong, Pierce Lively, and Boyce F. Martin. No other nominations uere received . Ba] Jots '\-rere then cast for the election of four trustees for terms expiring in June 1966 and each of the follo11ing nominees received t1-1entyt,,o affirmative votes and 1-1ere declared elected: Dr. Mary Ashby Cheek Norris Armstrong Pierce Lively Boyce F. Martin 5. Chairman Sutcliffe announced that Mr. Hugh L. Nevin had requested that his resignation as a member of the Board of Tiustees be accepted. It 11as moved, seconded, and unanimously adopted by the Board of Trustees: That Mr. Nevin's resignation as a member of the Board of Trustees be accepted with regret and lri th the thanks of the Board for his faithful service as a Trnstee of the College. 6. Mr. Campbell, chairman of the Nominating Committee,presented the committee's recommendation that Mr. Nevin be elected to the office of Trnstee Emeritus and that Mr. Paul G. Blazer be elected to fill Mr. Nevin's unexpired term ,,, hi ch ends June 30, 1961. By the unanimous vote of tlrenty-t,,o trustees present, Mr. Hugh Nevin ,,as elected Trustee Emeritus. Ballots ltere then ca~t for the election of a trustee to fill the unexpired term of office of Hugh L. Nevin, resigned, expiring in June 1961 and Mr. Paul G. Blazer received tuenty-t110 affirmative votes and was declared elected. �392 -2- 7. Mr. Campbell, chairman of the Nominating Committee,presented the committee's recommendation that the following trustees be elected as officers of the Board of Trustees for the ensuing year: Chairman, Ike Lanier; Vice On motion by Chairman, Elbert G. Sutcliffe; Secretary, Pierce Lively. I.ogan Caldwell, seconded by Mr. Van Antwerp, the follo,.,ing recommendation of the Nominating Committee was unanimously adopted by the Board: That the officers of the Board of Trustees for the period beginning July 1, 1960,and ending June 30, 1961, be: Chairman, Ike Lanier; Vice Chairman, Elbert G. Sutcliffe; Secretary, Pierce Lively. 8. President Spragens presented the names of the students whom the faculty had recommended as candidates for the degree of Bachelor of Arts on June 5, 196o. On motion by Mr. Van Antwerp, seconded by Mr. Logan Caldwell, the Board approved the following recommendation of the faculty: That the follo,- 1ng members of the senior class be 1 awarded a degree of Bachelor of Arts on June 5, 1960: Stanford, Kentucky Kathryn O'Neal Adams The Mason K. Knuckles Award Clearwater, Florida Sally Ann Bacon Stanford, Kentucky Elizabeth Aun Barbour Philadelphia, Pa. Fred Thomas Barner,III Stanford, Kentucky Robert l-lilliam Baxter Louisville, Kentucky Dottye Sue Benkert Prospect, Illinois James Davis Blocksom Niagara Falls, New York Peter Barnes Boyer Harlan, Kentucky Kay Frances Burkhart Louisville, Kentucky *Richard Moncrief Burnett Hyden, Kentucky Margaret Ruth Campbell Fort Mitchell, Kentucky James Chester Claypool , The Ormond Beatty Alumni Prize Fort Thomas, Kentucky Elizabeth Morrow Cooley Shaker Heights, Ohio -M-George Charles Covington Danville, Kentucky Mark Nelson Day, Jr. Troy, Pa. Ruth Joan Deemy Springfield, Virginia Nancy Lee Dixon Danville, Kentucky Mary Burse Edminston Cum Laude The Preston Carter Chemistry Prize The Nelson Allen Chemistry Award *John Lewis English Louisville, Kentucky Overland, Missouri James Cecil Erwin +George Philip Fritz Lexington, Kentucky *John Parker Gardner, Jr. Owenton, Kentucky James Lucien Gay Versailles, Kentucky Peggy Craig Gay Mount Sterling, Kentucky Ronald Smith Georgehead Louisville, Kentucky Henderson, Kentucky Roland Nicola Gibbs Helen McAfee Glore Danville, Kentucky Frank Warren Grawemeyer Louisville, Kentucky Anniston, Alabama Theodore Flint Gray, Jr. The Owsley Rochester Memorial Award �393 -3• • • John Dale Helton Mount Vernon, Kentucky *Barbara Sue Hickey Charlestown, Indiana Rugh Gates Hines, Jr. Nashville, Tennessee George Robert Holeman Danville, Kentucky Pamela Reed Holeman Anchorage, Kentucky Thomas Frederick Hollinshead Bombay, India Helen .Ann Houck Fort Knox, Kentucky Donald Pierce Huber Independence, Kentucky \·lashio Ishii Ashland, Kentucky The Dr. Hereford Smith Memorial Prize The Graves Griffith Prize vlinche ster, Kentucky Donna Earl Kaelin Ashland, Kentucky Donald Ray Kirk Versailles, Kentucky Frances Ream Kitchen Philadelphia, Pa. Bruce Anderson Kolbe Danville, Kentucky Sloan E aslen Lister, Jr. Natick, Mass. Jeffrey Dairdi Loane Greenville, S.C. Martha Belle Lock Louisville, Kentucky Thomas Hilton McGloshen, Jr. Cynthiana, Kentucky \.1illiam Ross McKee Danville, Kentucky Judith Passant McMakin Fort Wayne, Indiana Stephen Terry McMurtry Lawrenceburg, Kentucky \valter Witherspoon Major, Jr. Allen, Kentucky l·1 illiam Patrick Malone Magna Cum Laude The George \-Tinston Welch Valedictorian Prize (Men's Div. ) The Yeager Ford and \·l arren Accountancy Prize Duncan Dewitt Marshall Fayetteville, Tennessee Oscar Lloyd May II Bradfordsville, Kentucky Margaret Ann Menges Louisville, Kentucky s,1mma Cum Laude The Gavin Easton Wiseman Valedictorian Prize (Women's Div.) The Breckinridge Jones Prize, History and Government Mary Elizabeth Meyer Anchorage, Kentucky Alice Lynn Robertson Miller Owensboro, Kentucky Magna Cum Laude Stanford, Kentucky Mary Jo Morrow Fort Thomas, Kentucky Ri.chard l;lilliam Neiser, Jr. Grays Knob, Kentucky Carlyle Browning Owens, Jr. Brownsville, Tennessee Elizabeth King Patton Cum Laude The John v Yerkes Prize, English l. Fort Thomas, Kentucky Harmon Byrom Person Lexington, Kentucky Thomas Sears Rich Lexington, Kentucky Betty Bean Robinson Cum Laude The Phi Beta Chi Scientific Fraternity Award The Sally \.7arfield Memorial Prize, Mathematics Sarah Christy Roose Terrace Park, Ohio Walter Granville Sevier,III Danville, Kentucky Michele Maria Shuck Louisville, Kentucky Ronald Jay Silverman Cleveland, Ohio Manchester Connecticut Ronald Francis Simmons Kenneth Stanton Simpson Louisville, Kentucky Ann Harlan Smith Harrodsburg, Kentucky �394 -4John Peter Smith Adrienne Best Sturges John Rood Sturges, Jr. Dana Rhodes Sulcer Forrest Ann Tudor The Music Prize Thomas Henry Turnb,111 *Deanna Kay Varley Bobby O1 Connell \·lallace Jane Russell \·l atlington Raymond Loranzo Webb Katherine \·Thiteside Williams Judy Beth \-loodrow Norman Lee Youtsey Groose Pointe, Michigan Hazard, Kentucky Plandome, L.I. New York Marion, Arkansas Lancaster, Kentucky Montclair, New Jersey Rochester, New York Horse Branch, Kentucky Russellville, Kentucky Harlan, Kentucky Richmond, Virginia Danville, Kentucky Bellevue, Kentucky *Completed requirements for degree in January of 1960 +In Absentia 9. President Spragens then presented the names of the students whom the faculty had recommended for the degree of 196o, provided they meet all requirements for On motion by Mr. Van Antvrerp, seconded by Mr. Trustees adopted the following recommendation Bachelor of Arts in August, graduation by that time. Logan Cald,-1ell, the Board of of the faculty: That the following students be awarded the degree of Bachelor of Arts in August, 1960, provided they meet all requirements of graduation by that time: \·laterville, New York Lois French Battles Cynthiana, Kentucky Kenneth \·ialker Brumback, Jr. GreenlTich, Connecticut +Robert Murnan Creaghead Covington, Kentucky John Thomas Daugherty Glendale, Ohio Peter Lamb Fasoldt Danville, Kentucky Ronnie Lee Galloway Scotch Plains, New Jersey Edwin Joseph Golder Fort-de-France, Martinique Phillippe Lachesnez-Heude Glen Ridge, New Jersey Robert La.nee Huggins Hodgenville, Kentucky Celia Creal McDonald The George C. Young Literature Prize Shelbyville, Kentucky \·/illis Payne McKee, Jr. Waterville, Nevr York \-lilliam Seymour Newsom Glasgow, Kentucky Robert Saxrn1el Travis 10. President Spragens then presented the names of two former students v1hom the faculty had recommended for the degree of Bachelor of Arts. On motion by Mr. Van Antwerp, seconded by Mr. Logan Caldwell, the Board of Trustees adopted the following recommendation of the faculty: That the following students be awarded the degree of Bachelor of Arts effective on the dates indicated: Chrisman Spee.rs Jackson, Danville, Ky. Donald Ed"rard Bradshaw, Burgin, Ky. Aug.4.1956 June 2, 1957 �395 -511. The third-quarter financial report of the general operating funds was reviewed by the Business Manager. Present trends indicate that income and expenses will be in balance for the current fiscal year. 12 . Mr. Spragens then made the Annual President's Report to the Board. In reviewing the events of the 1959-60 academic year President Spragens reported specifically on the following highlights of the year: A. Applications for admjssion for the 1960-61 year are running about 2lo/o ahead of 1959-60 applications . The College plans to enroll 30-4o more students for 196o-61 than it can accommodate in present residence facilities. Present plans provide for converting the McGoodwin House located on the women's campus, into a residence for twelve women stud~nts; and converting Hillcrest into a residence for about twenty men students . B. The senior honors seminar was initiated with the second semester . The program was very successful for those selected to participate. Several 'Well-known guest speakers were on the campus to participate in the seminar . The entire student body had an opportunity to hear those speakers at convocation programs during the semester. The seminar is supported by a grant from the Lilly Endowment, and will be offered again in the 1960-61 year . C. A visiting commjttee from Phi Beta Kappa was on the campus in February. The visit l-Tas a part of Phi Beta Kappa's evaluation of the request of a Centre faculty group for the establishment of a chapter of Phi Beta Kappa on the campus. The outcome of the application will not be known until the fall of 1961. D. The reorganization of student government and the establishment of a judiciary system have given the students more responsibility for the conduct of campus student life. The restatement by the College of its policy on tl1e use of alcoholic beverages has brought some criticism. The Board of curators, in its 1960 report to the Synods of Kentucky, recommended that the Synods suspend final judgment of the revised regulation concerning the use of alcoholic beverages until a careful study of the effects upon the life of the College and students has been ma.de. E. The master plan for the ten-year development program of the College has been completed and the first stages of the program are already in progress. F. Representatives of the Housing and Home Finance Agency visited the campus on May 24 . That agency has revie,.,ed our loan application for the construction of residence and dining facilities and has recommended to Washington that Centre's tentative reservation of loan funds be increased from $1,694,000 to $1,713,000. G. The Sesquicentennial Development Program, authorized at the meeting of the Board of Trustees on April 2, 1960, is being organized with the assistance of the G. A. Brakeley and Company. Mr. Lisle Baker has accepted the general chairmanship of the fund raising program. �-6- 396 • 13. President Spragens then recommended that the Board authorize the completion of working drawings for the residence and dining facilities and for the student center. On motion of Mr . Lively, seconded by Mr. Blazer, the Board approved the following recommendation of the President: That the architects be authorized to complete working drawings and specifications for the six fraternity duplex houses, the four duplex houses for ,-1omen, the dining commons, and the student center. 14 . On motion by Mr. Baker, seconded by Mr . Blazer, the Board approved the follo,1ing recommendation of the President: That the Executive Commjttee of the Board of Trustees be authorized to invite bids and enter into contracts for those of the above projects which it deems feasible to begin, after approval of the College's final loan application by the Housing and Home Finance Agency . 15. On motion by Mr. Barr, seconded by Mr. Nichols, the Board approved the following recommendation of the President . That authorization be given for the creation of trust funds to cover government requirements for reserves supporting Centre's housing loan beyond 11~ of the amortization requirements, through segregation in hands of a trustee of $300,000 of securities owned by the College and constituting a part of endowment funds unrestricted as to use, and providing that only interest income and not the principal of the segregated funds be pledged . 16. Mr. Boles, chairman of the Investment Cornmjttee, paid tribute to Mr . Logan Caldwell for excellent management of endowment fund investments during the years that Mr. Caldwell served as Investment Committee Chairman . Mr. Boles reported that the Comroj ttee recommended the follo,-1ing investment actions: a. b. That certain specific changes (noted belo\..·) be made in stock and bond holdings . That Mr. Logan Caldwell and Mr. Lively be authorized to make arrangements for sale of the property deeded to the College by Miss Amelia Yerkes . c. That Professor Ellis' request for a loan, to purchase a house, be approved. d. That Mr. Logan Caldwell and Mr. Lively be au. hori zed t to determine final approval of a mortgage loan up to $12,000 to Professor Steere. on motion by Mr . Logan Cald,-1ell, seconded by Mr. Tate, the Board approved the following recommendations of the Investment Collllllittee: �397 -7That the College sell these investments: $16,000 U.S. Treasury 4 7/8% Notes $22,000 United States Gas Corp. 3 5/8 Bonds 300 shares El Paso Natural Gas, $5 Conv, Preferred 300 shares International Paper, Connnon That the College buy these investments: 200 shares, Old, Universal Match, Common 900 shares El Paso Natural Gas, Connnon $45,000 Pennsylvania Co., 5fjo Bonds That Mr. Logan Caldwell and Mr. Lively be given authority to make such disposition as they deem advisable of the farm of approximately 187 acres which Miss Amelia Yerkes recently deeded to the College. That the College be authorized to makP. a mortgage loan of ~ll,000, at 5% interest, for 15 years, to Professor Roy Ellis for the purchase of a house on North Third Street; provided that Professor Ellis will carry mortgage insurance for the amount of the loan, and that the loan will be secured by a first mortgage on the house and on his interest in a farm in Boyle County. That the College be authorized to make a mortgage loan up to $12,000, at 5% interest, to Professor Dwight Steere for the purchase of a house; provided that the final arrengP.ments for security and amortization of the loan are, in the judgment of Mr. Logan Cald,1ell and Mr. Lively, for the best interest of both the College and Professor Steere# 17. Mr. Frank Caldlrell recommended that the minutes of the meeting record the Board of Trustees' appreciation of Miss Yerkes'generous gift to the College. The recommendation was approved unanimously by the Board. 18. Mr. Baker, chairman of the Finance end Development Commjttee, on the organizational progress of the Sesquicentennial Development reported Program. Committee appointments are as follows: Leadership Gifts Conmlittee Chairman, Don Campbell; Board of Trustees Vice Chairman, J. McFerran Barr; Board of Trustees Special Gifts Committee Chairman, Hubbard G. Buckner; Vice President First National Bank, Louisville. Vice Chairman, Gordon Davidson; Partner in Wyatt,Grafton and Sloss, Louisville, General Gifts Committee Chairmen, T. J. Turley,Jr.; President, Kentucky Tie and Lumber Co., Louisville Vice Chairman, L.C.J.Yeager; Yeager,Ford and Warren, Louisville. �398 -8Publications and Public Relations Committee Chairman, Enos S1-,ain; Edi tor and General Ma.nA.ger, Advocate-Messenger Publishing Co. Danville. Mr. Baker then introduced Mr. A. C. Frantzreb, of the Brakeley Company, who reported to the Board on the progress of their work as consultants on the f'und raising program. The meeting was recessed for lunch, and was reconvened at 1.45 p.m. The report and discussion of the development program was continued. Mr. R. C. Patterson, the local program director for the Brakeley Company, outlined the tentative time table for the gift solicitation program. He stated that the leadership gifts program, to solicit gifts of $25,000 or more, would begin during the s11JIDDer; the special. gifts solicitation, for gifts between $1,000 and $25,000, would begin about September l; and the general gifts solicitation, for gifts betv1een $100 and $1,000 ,vould be underway by the end of the year . Mr. Patterson further stated that the goal wou.ld be about $1,475,000, to be paid over a period of 36 months, with the anticipation that about 1C1/o of that a.mount vrould come from corporations and about 1C1/o from foundations. 19. The Board then discussed the question of formal participation in the graduation exercises. It was moved, seconded, and adopted: That the Trustees will not participate in the formai processions of the 196o Baccal~1reate and Commencement Services. 20 . The date of the next meeting of the Board of Trustees will be decided by a committee to be appointed by the chairman of the Board. On motion, the meeting was adjourned by Chairman Sutcliffe. Respectfully submitted, PIERCE LIVELY Secretary �.. 399 April JO , 1960 ASSETS Current Funds: Cash in Bank Petty Cash Fund ·23 ,589 .67 1,025 .00 Notes Receivable: Lichter Loan Fund A ccounts Receivable Prepayment Plan National Defense Student Loan Fund Agency Funds Due from General Endowment Fund Deferred Expense: Departmental Coal Purchases Temporary Invest, U. S . Treasury Note $24 ,614. 67 .500 .00 (3 ,299 .92) 2,47.5,00 15,399.00 1,800.00 (2 ,095 .45) .5 ,4J8 .69 - 0- 109 , 207 ,90 129 ,425 .22 17 ,079 .07 27 ,002 .07 44,081 , 14 Inventories Prepaid Insurance 198 , 121 .0J Total )1.ssets LIABILITIES Accounts Payable Accrued Salaries and Wages Federal Taxes Withheld Board Salary Savings Premium Withheld Hospitalization Insurance Social Security Taxes Withheld Kentucky State Taxes vlithheld - 0- 22 ,893 . 26 7,867 .47 , JO 126 .88 J58 . J2 1,851 .92 1,116 .44 34 ,214 .59 Prepaid Charges Meal Tickets - Men Board Char es-Women 18,495 .48 16 ,849 .65 35 , J4.5 .1J Reserves Miscellaneous Lilly Foundation Research Program Gifts for Designated Purpose Estate of Anne L. S~11lciine 2, 58J ,40 8, 202 .7.5 1,240 . 28 1,509. 10 10 , 000 .00 23,.535 ,53 Due Other Fund~ Prize Fund D.K~b · House Fund Arrrr-cJ. ~t . P . Cooper Scholarship Wational Defense- Student Loan F\md Lichter Foundation-Student Loan Fund Prepayment Plan Investment Agency Fl1nds Surplus-Deficit Account Accumulated Operating Deficit Operating gain or (loss) J ,88J ,09 195.73 666 .85 9,750 . 00 .500 . 00 2,475 . 00 1,918 .95 (28,6Jl . 2J) 114 ,267 , 39 4,078 .82 15,310.80 112,484 .87 85 ,6J6. 16 198, 121 . oJ �.. • • • ' t • • • • • • • t t • } • 't • r • • • I • • • t V • • • J - • • • • ' • ' • • • t • • • • • • • t • - • • • ' • • • • , • • • • I • • I • • • ' • - •• t • I • • • • ' �400 BUDGET C0?1P IlISON INCOME Student Fees Tuition Other Endowment Income Unrestricted Real Estate (Net) Restricted Gifts and Grants Church Boards and Churches Living Endowment(Oifts) Special Gifts Fund Alumni fund Vocational Guidance Grants - Research , Etc . Miscellaneous Income Auxiliari EnterQrises Residence Halls~lomen Residence Halls-liseman Residence Halls- McReynolds Residence Halls- Breck Dining Halls Bookstores Intercollegiate Athletics Student Aid Gifts Endowment pevelopment Office Total Income Operating Gain (loss) 1959- 60 Income Realized Unrealized Percentage Realized Balance 4- J0- 60 4- J0- 60 367,000 .00 5.000 .00 372 ,000 .00 351 ,419 . 44 4 1 306 .00 ;55 ,725 . 44 67 , 500 .00 15 ,000 .00 31 .700 .00 114 ,200 . 00 54,147 . oo 2,786 .69 Budget 4- J0-60 16,274.56 95.6 80 ,008 . 25 )4,191.75 70. 47 , 500 .00 33 , 350 .00 10,000.00 27 ,000 .00 9,500 . 00 18,250 . 00 2.400 .00 151,000 .00 43 ,550 . 58 27 ,924. 21 1, 000 . 00 30,013 .16 7, 367 .56 16 ,800 .00 4.002 .61 130 ,658 . 12 20 , 341.88 86 , 5 36 , 000 .00 11 , 500 .00 5,400 .00 19t150 ,00 35,500 . 00 J0 ,450 ,00 20 ,600 .00 128 ,600 .00 J4 .069 .oo 6,861 .81 4 ,571 .1 2 19,152. 22 27 , 351 .40 Jl ,8J8 .97 13 ,404.89 1)7 1242 141 21 I )50 • 22 86 .5 4 ,000 . 00 23 .000 .00 22 .000 .00 J, J9L~ •_58 20 ,728 . J2 6. 221 ,61 i6.8 29 , 500 .00 -0- 29 . 500 .00 - 0- 724 , 369.61 114. 267 . 39 610,102 . 22 127,9JO . J9 84 .9 852 , J00 . 00 2J t 074,. 26 17 1 JJJ .81 - I .. �.It 401_ f BUDGET CO}lPKRISOt1 Budget Gene r al Administr ation Pr esident ' s Office Comptr oller' s Office Business Manager & Tr easur er Boards Expended 1959-60 EXPENSE 4- J0- 60 Unexpended Balance Percentage Expended 4- 30- 60 4- 30-60 29,210 . 00 18 t290 . 00 16 ,945 .00 200 . 00 64 2 642 , CO 22 ,421 ,52 lL~ t 423 •29 12 , 806 . 80 ~9 .60 49 ,711 , 21 14 ,913 .79 26 ,9 6,750 .00 4,000 , 00 5,115.00 3,500 .00 8,880 . 00 5, 000 .00 8 ,250 . 00 11000 .00 44 z 495 . 00 4. 687 . 28 3.067 .61 3.732 .82 1, 158 . 30 6,095 .67 3,94J . J4 6 ,088 . 27 2, 104. iS 30 .877 .-4 121617 , 36 69.4 23 ,480 .00 17 ,624 .08 5,855 .92 75 , 1 19 , 500 .00 17 , 500 .00 12 ,650 . 00 7, J00 . 00 1,795 . 00 27 ,760 . 00 86 1502 . 00 4,746 .46 13 ,475 .83 11 , 128 .62 5, 285 .65 1, 125 .74 20 ,856 .84 26 1619 . 14 29 1882186 65 .5 Instructional ExQense Departmental & General Library 266 , 210 . 00 26 1962 . 00 293 1 172 . 00 191 , 978 .83 20 1945 .22 212 .224 . 14 80 1 220.88 72 ,6 0Qerations and Maintenance 110 .000 .00 81 J 212 • )4 28 .264. 66 74. J 24,350 . 00 5,700 .00 25 ,850 . 00 29,600 .00 27 , J00 . 00 21 1000 . 00 139 , 000 .00 16 ,056 .61 3,455 . 35 ) , J67 .91 11 ,751 . 10 12 ,480 .81 26 ,977 . 32 18 1100 . 18 92 1189 .28 46 ,810 , 72 66 , J 61 .soo .oo 61 , 763 .84 29 , 500 ,00 6,657 .57 22 ,842 ,4) 22 .6 852 ,JOO . OO 610 , 102 . 22 242,197 . 98 71 .5 Student Services Registrar's Office Dean of Students Dean of ','iomen Dean of Chapel Health Service Student Activities Vocational Guidance Bus Service Staff Benefits G~neral Institutional Ex2ense General Alumni Office General Secretary Communications Publicity Office Student Admissions Auxiliari Enter2rises Residence Halls -\lomen Residence Halls-v/iseman Residence Halls-McReynolds Residence Halls-Breck Dining Halls Bookstore Intercollegiate Athletics Student Aid D~veloQment Office Total Expense 5 , 200 . 00 (263 .8~ ) 100 .4 �• • ) • - - ... • • •• • • • I • • ,. " .. - • ' - - • • t I - --• t ~ t • • • • • • i ' ' • " ( • t • I • • • • • • • • " • t • • l ~ • - - r• .., • ... I - • ' • • I l • • • • • • t • ' I <f • ~ ' • • • • • - • • • - C - -• • • • • • • • • I • ' • • • , • • • • ' • ' • • • • • • • • ' • I • t • • • • ' • • �~ 0 ~ . arch M CENTRE COI.TEGE OF KENTUCKY 10, 1960 Capital Needs Immediate and Long-Range TOTAL TO BE AVAILABLE BALANCE SELF LIQUI DATING (BBFA) SECURED BUILDING REQUIREMENTS YEAR 1. Complete Housing Project with Dining 1961 $2,034,213 $ 2. Student Union 1961 $ 275,000 $117,500 3. Roads, \·l alks, Landscaping 1961 $ 25,000 $ -0- 4,. Health Center and Infirmary 1961 $ 80,000 $ -0- 5. Library Classroom 1962 $ 650,000 $ -0- -0- - $3,064,213 $117,500 SUB-TOTAL Th'IMEDIATE NE:E:DS $ 157,500$ -0- $ $ 25,000 $ 25,000 80,000$ $ 80,ooo $ 8<>,ooo -0- $_ 650, 000 $ _ -0- $ _ _ 650,000 $ 650,000 $2,946,713 $1,694,000 $1,252,713. $1,370,213 168,000$ 150,000 $ -0- $ 7. Audi torium 1964 $ 500,000 $ -0- $ 500,000$ 8. \-/omen's Residences (88) 1965 $ 375,000 $ -0- $ 1966 $ 300,000 $ -0- $ 300,000$ Pool $ 157,500 $ 275,000 25,000$ -0- 1963 $ 168,000 $ & Swimmj ng TOTAL $2,034,213 $1,694,000 $ 346,213 $ 346,213 6. Men's Residence - Fre~bman (42) 9. \tlomen' s Gymnasium CAMPAIGN -0- $ 500,000 $ 500,000 375,000$ 325,000 $ -0- 18,000 18,000 $ 50,000 50,000 $ $ 300,000 $ 300,000 170,000$ 151,000 $ 19,000 $ 19,000 10. Men's Residence (42) 1967 $ 170,000 $ -0- $ 11. Conversion 1967 $ 125,000 $ -0- $ 125,000$ -0- $ 12. Athletic Facility Improvement 1968 $ 50,000 $ -0- $ 50,000$ -0- $ 50,000 $ 13. Improvement of Existing Facility 1969 $ 75,000 $ -0- $ 75,000 $__ -- -0- $ 75,000 $ . 15.i. 000 of Library to Music and Ju-t SUB-TOTAL - SECOND PH.ASE TOTAL - TEN YEAR BUILDrnG NEEDS $1,763,000 ~ -0$4,827,213 $117,500 125,000 $ 125,000 50,000 $1,763,000$ 626,000 $1,137,000 $1,137,000 $4,709,713 $2,320,000 $2,389,713 $2,507,213 ENDCWMRN'r. Present - $3,200,000. Amount needed by 1969 to raise endowment to $10,000 per student and to allow for increased enrollment TOTAL CAPITAL NEEDS $4,300,000 $6,867,~13 �• • • • • ..• I ~ • t .. • - ➔ .. • • -- • • • t -I n .. • • • .. - • I . 8 ~- ) f • I • \ \ _, ..,. L-1 ),. ,. • • 0 • I , ,- -. t-j t'i I • l -t - < ' .... I ~t tJ • C') • I } • • • , • ., t • - ' I. -f /'"I y I ~ • • J • • • • .( J, - • • f ) '• f • ' - .. v ' • ") I • • • { I I I I I ' I • I I I • fJ • .. • • • • • • �• • • • • ..• I ~ • t .. • - ➔ .. • • -- • • • t -I n .. • • • .. - • I . 8 ~- ) f • I • \ \ _, ..,. L-1 ),. ,. • • 0 • I , ,- -. t-j t'i I • l -t - < ' .... I ~t tJ • C') • I } • • • , • ., t • - ' I. -f /'"I y I ~ • • J • • • • .( J, - • • f ) '• f • ' - .. v ' • ") I • • • { I I I I I ' I • I I I • fJ • .. • • • • • • ��� Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees Description An account of the resource Minutes from the Centre College Board of Trustees. The Centre College Board of Trustees collection was compiled from a mass of papers found in various campus locations in the early 1980's. Since no clearly defined subdivisions existed, the material was simply divided by type of document, assigned a series letter, and then arranged chronologically. Series A, approximately half of the collection, consists of correspondence to, or from, members of the Board and the secretary and financial agent/treasurer, who served as agents of the college's governing body. A significant percentage of the collection deals with fund raising efforts by Centre, and efforts by the financial agents to collect on subscriptions made to the college. Other prominent subjects include: The Kentucky School for the Deaf (then known as the Deaf and Dumb Asylum); efforts to select presidents; faculty relations; consolidation (and aftermath) of Centre and Central University (Richmond, Ky.); consolidation of Centre and Kentucky College for Women; Carnegie foundation grants; and erection of college buildings, particularly Old Main, the "new" Boyle Humphrey Gymnasium (Sutcliffe Hall) and the old octagonal Sayre Library. This collection of correspondence is largely a "patchwork" collection and by no means covers all the vital issues tackled by the board since its inception. The correspondence, for example, from the 1820's to the 1850's is quite diverse, while the correspondence from the 1860's deals almost exclusively with efforts by the financial agent to collect on delinquent subscriptions. A central figure in much of the later correspondence is John Adison Cheek who served as treasurer of Centre from approximately 1889 to 1933. Series B consists of perhaps the most important chronicle of Centre's history - the volumes containing the minutes of the Centre College Board of Trustees, 1819-1853, 1863-present. Minutes from 1819 through 1979 have been digitized, and are available from the Centre College Digital Archives. Interesting circumstances surround volume 2 of the minutes. The volume had been missing for at least forty years when it was discovered by Dr. Miller Hillhouse in a shed between his Danville house on North Fourth Street and the home of Miss Mary Ashby Cheek on North Third Street. The minutes were believed to have been placed in the shed along with other old books and papers in the mid-1930's after the death of Miss Cheek's father, J. A. Cheek. The fate of the volume containing the minutes from 1853-1863 (one of the most interesting decades in Centre's history) remains a mystery. Series C contains miscellaneous reports written by the Board, or committees of the Board, while Series D contains miscellaneous papers concerning the Board, including certificates or pledges for members taking the oath of office and texts of speeches and essays by members of the board. Annual Reports to the Board may be located in CC-2 Centre College Presidents. Public access to Board minutes may be granted for those minutes for which the President is no longer living, or 25 years past the date of the minutes, whichever is longer. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1819-1979 Rights Information about rights held in and over the resource All Rights Reserved Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books Text A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Physical Location Where item is located in collections. Centre College Special Collections and Archives CC-1 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context CC_001B_Board_of_Trustees_Minutes_Book_10 Title A name given to the resource Centre College Board of Trustees Minutes, Vol. 10 (1955-1960) Creator An entity primarily responsible for making the resource Centre College Board of Trustees Date A point or period of time associated with an event in the lifecycle of the resource 1955-1960 Description An account of the resource The official recorded minutes of the Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Danville (Ky.) 37.64569, -84.7836946 Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource minute books Language A language of the resource English Source A related resource from which the described resource is derived Centre College Special Collections and Archives Rights Information about rights held in and over the resource All Rights Reserved Subject The topic of the resource Centre College (Danville, Ky : 1918-)--Board of Trustees Centre College (Danville, Ky : 1918-)--Minutes (Records) https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/4cc6a14aaadaf88867a536c7d0488314.pdf?Expires=1776902400&Signature=ghshbT-wAojMwx277FQFnXz3PMcS-U-3811yZurhv8mn1pDCU0QwR2PCQwdFxko69dhLbJiFe78TolrSMtU5OeeJfsKieDW5BFCuWo3GAzOgEwYZTbXsQzyMGwEflS2CoU3%7EL7Fbk%7E3NSPAvvpK6utWyeBl3g8Rc7T9K0osSX7ewdh13UfpxlRjc2cVb76m8tYoErv2X5ye0TAlM60vE%7EnMECp2nwaA51jL1w-0StsBt87SD5ui97%7EE8ntEAAylHx0ZRRqGbAUQpcHzeI%7EvdGpCkt5aViBahnL9u-By-VRbo1B9m6T4Q1L6pva45TIk%7Eii9pdY1e8oIC1vm%7EVih8HA__&Key-Pair-Id=K6UGZS9ZTDSZM 5649b6e4db9a61d5d910db891b21b2c1 PDF Text Text ��THIS BOOK MICROFILMED APRIL 19, 1966 ����Meeting of Executive Committee July 14, 1950 The meeting was called, to order by the chairman, Dr. J. R. Cowan. Prayer was offered by President Groves. Members present were Messrs. Cowan, Jones, Logan Caldwell, Lanier, Baker, W. P. Caldwell, Wachs, and Miles, and President W. A. Groves and Vice-President C. M. Stewart. The minutes of the meeting of June 10, 1950, were approved as printed. The acting business manager, Mr. Fred Arnicar, made a report on the operational budget of the college and called attention to the fact that due to the fewer students enrolled during the academic year and also during the summer school than the number counted upon the income from student fees was some $11,000 less than budget estimates. On the other hand, other items have brought in added income over budget estimates about equivalent to this deficit, with the result that, according to Mr. Arnicar, it would appear that the over-all deficit of the college will be somewhere in the neighbor­ hood of $20,000 at the end of this fiscal year, August 31, 1950, Mr. Arnicar called attention to the fact that the original operating deficit was estimated at $32,000. However, a considerable amount of this deficit has been erased by reason of the fact that the amortization of the loan on the new physical education building is being entirely taken care of for the current year. On motion it was voted to accept the report of the business manager. Mr. Logan Caldwell reported on the recent development with regard to the Trimble Estate and stated that the executrix, Mrs. Lee, is ready to turn over certain funds to the trust officers of The Kentucky Trust Company and has also agreed to the sale of the Los Olas property for a price which would net the colleges concerned, namely, Centre College of Kentucky and Kentucky Wesleyan, $200,000. On the recommendation of President Groves and in accordance with the action of the Executive Committee taken at its meeting on September 25, 1948, it was voted to borrow $18,294.00 from undesignated funds in the endowment account to defray the cost of the purchase and installation of the new steel stacks in the main college library, the borrowing to be amortized out of the operational account of the college at the rate of $2,000 per year until it is paid. It should be noted that $7,821.15 has already been borrowed and turned over to the operation account of the college on this item, so that the actual amount to be borrowed is $10,472.85. The treasurer, Mr. Logan Caldwell, reported that in accordance with the action of the Executive Committee of June 10, 1950, the expenditures for repairs and renovations on the Fry House, now occupied by the D. K. E. Fraternity, would cost approximately $1,750.00. It was voted on recommenda­ tion of Mr. Caldwell that this amount be advanced from the endowment funds of the college in the same manner that other funds have been used for the construction or purchase of fraternity houses. ��-2- It is to be noted in this connection that this expenditure will enable the college to collect more income for room rents from the students of the D. K. E. Fraternity occupying the Fry House, which will be more than equivalent to the amount that this sum would earn as presently invested in endowment. Mr. Lisle Baker, chairman of the special committee on the college insurance, made a report, and after discussion it was agreed to investigate the possibility of grouping the college insurance in "two packages," one "package" to be carried by the several "old-line" stock companies as suggested by Mr. Worthington Bethel, and the second to be offered for bidding to the stock companies and the mutual companies, with the understanding that this insurance would be given to the lowest bidder. Meantime, Mr. Logan Caldwell reported that Mr. Worthington Bethel had been requested to make a thorough study and survey of college insurance needs. President Groves reported for the dean on enrollment prospects for September. According to the report of Dean Jones, to date 102 applications have been received from new men students and 97 from new women students, making a total of 199. Of this number, 82 of the applications from men students have been accepted and 83 of the women, making a total of 165. These totals of 199 received compare with the same number, namely, 199» received as of this date in 1949. The number of applicants accepted, namely, 165. compares with the number of 156 received a year ago. It was noted, however, that only the very favorable increase in number of applications from women students is making our record as good as it is. It was indicated that we would be in a much better position did we have at least 25 more men accepted for admission. On recommendation of President Groves, it was voted to employ Miss Lula M. Taliaferro as assistant registrar of the college nt an initial salary of $2600 a year to begin on August 15, 1950. on which date it is expected that Miss Taliaferro will join the college staff. Miss Taliaferro attended Centre College of Kentucky, Women’s Division (K. C. W.) as a special student in 1916 during the time that her mother was housemother at that college. After leaving Danville she taught briefly in one of the mountain schools of the Presbyterian Mission in North Carolina. Later she was for six years with the National Bank of Commerce in Columbus, Mississippi. That was followed by a period of eight years with the Wachoria Bank and Trust Company at Winston-Salem, North Carolina. From 1939 to 1949 Miss Taliaferro worked with the University of the South at Sewanee, Tennessee, first as secretary to Vice-Chancellor Alex Guerry and later as assistant treasurer to Mr. Telfair Hodgson, treasurer. In this latter position her salary was $3600. In 1949 she resigned her position at the University of the South on her own initiative because she was dissatisfied with certain reorganiza­ tional plans that were put in operation immediately following the death of Dr. Guerry. ��During 1949-1950 she was assistant registrar at the University of Chattanooga and. was re-employed, for the coming year at an increase in salary, making her salary there $3,000 per year. On recommendation of President Groves, it was voted to employ Mr. William L. Crabtree as assistant in the Department of Physical Education with the rank of an instructor and a starting salary of $3300 a year for eleven months. Mr. William L. Crabtree graduated from high school in Cape Girardeau, Missouri, and received the bachelor of science degree from Southeast Missouri College in Cape Girardeau in 1935. He received the master of arts degree in 1949 from Mississippi Southern College at Hattiesburg, Mississippi. Mr. Crabtree has been director of physical education and coach at Eldridge Junior College of Eldridge, Alabama (1939-1940), at Kewanee High School, Kewanee, Missouri (1940-1941). In 1941 Mr. Crabtree entered the Army Air Forces and. was instructor in physical education and athletics for the aviation cadets for four years at Maxwell Field, Alabama, from 1941 through 1946. In 1946 he became an instructor in physical education, head coach of basketball, and assistant in football at the Central High School at Jackson, Mississippi, where he remained for three years. In 1949 he moved to the Central High School at Biloxi, Mississippi, in the same position, and has been re-elected to that position for the year 1950-1951. On recommendation of President Groves, it was voted to employ Mr. Fred Amicar as business manager of the college at a salary of $4,000 per year, the new rank and salary to begin on September 1, 1950. It was further voted that Mr. Arnicar be informed that this appointment is for one year, the purpose being to enable the trustees to review the situation at the end of this period. President Groves reported the resignation of Mr. William B. Merrel, assistant professor in the Department of Music, in order to accept a position as head of the Department of Fine Arts at Union College at Barbourville, Kentucky, with an increase in salary of $500 per year. It was voted to accept the resignation of Mr. William Merrel with regret. On recommendation of Mr. Logan Caldwell, the request of the city of Danville for a few square feet of land at the southeast corner of the college campus at College and Russell Streets to enable the city to widen the crossing was granted. On recommendation of Mr. Logan Caldwell, it was voted to sell the piece of ground to the east of the president’s home measuring 291/2 feet east and west and 91.2 feet north and south to Mr. Norris Armstrong for $450, with the further understanding as offered by Mr. Armstrong that the enclosure of this piece of ground by a fence is to be taken care of by Mr. Armstrong. It was further voted that the proceeds of the sale of this piece of real estate be turned into the amortization account of the Alumni Memorial Building. ��The natter of the installation of adequate exhaust fans in the library was deferred until a complete report from Mr. Nevin and the ventilation engineers can be obtained on this matter. President Groves reported that a meeting of heads of dormitories, dining halls, etc., on the men's campus had been held and that plans are being made to try to find more student jobs in these operations for students on the men's campus in accordance with the request of the men's student body. Mr. Logan Caldwell and Dr. C. M. Stewart made a report of the work of the Financial Promotion Committee on the matter of making plans for a special solicitation in order to complete the payment of the loan on the Alumni Memorial Building and also to complete the building itself so as to ■enable the college to claim the conditional gift of $25,000 from the Kresge Foundation. Adj oumment. W. P. Caldwell Secretary pro tern ��Please note corrections in minutes of July 14, 1950 made at meeting of Executive Committee September 29, 1950. In the action reported in the minutes as printed for the Executive Committee meeting of July 14, 1950,-concerning the sale of the Los Olas property of the Trimble Estate, the wording of the fourth line of that action should be ’’and has agreed to offer for sale the Los Olas property for a price, etc." In short Mrs. Lee did not agree to the sale; she agreed to offer it for sale On recommendation of Mr. Logan Caldwell, treasurer of the college, with regard to the borrowing of $18,294.00 for the purchase and installation of new steel stacks in the main college library, it is suggested that the college give its note for a total of $18,294.00, the operating fund of the college give its note to this amount, the note to be amortized as planned, to the endowment account of the college, The reason for this recommendation is that it will thereby increase the borrowing power of the college ■ I �r r i �Meeting of the Executive Committee September 29, 1950 The meeting was called, to order by Mr. Logan Caldwell pending the arrival of the chairman, Dr. J. R. Cowan. Prayer was offered by President Groves. Members present were Messrs. W. P. Caldwell, Logan Caldwell, Baker, Sutcliffe, Wachs, Drs. Cowan, Herrmann, and Miles, and President Groves and Vice-President Stewart. , The minutes of the meeting of the Executive Committee for July 14 were approved as circulated with the following changes. In the action reported in the minutes as printed for the Executive Committee meeting of July 14, 1950, concerning the sale of the Los Olas property of the Trimble Estate, the wording of the fourth line of that action should be "and has also agreed to offer for sale the Los Olas property for a price, etc." In short, Mrs. Lee did not agree to the sale; she agreed to offer it for sale. On recommendation of Mr. Logan Caldwell, treasurer of the college, with regard to the borrowing of $18,294.00 for the purchase and installation of new steel stacks in the main college library, it is suggested that the college give its note for a total of $18,294.00, that is, the operating fund of the college give its note to this amount, the note to be amortized as planned, to the endowment account of the college. The reason for this recommendation is that it will thereby increase the borrowing power of the college. That the fees for summer school be in line with the fees now in use for the academic year, it was voted that in the summer of 1951 students studying work amounting to eight credit hours or more be charged $135.00 instead of the present fee of $125.00, and that for students studying less than eight credit hours the fee be $18.00 per hour. Vice-President Stewart made a report on the plans for the Joint Homecoming celebration of Danville and Centre College for November 4. He also reported on progress with the campaign among the Presbyterian churches and the action of the two Synods whereby support from the churches of Kentucky promises to be measurably increased during the present fiscal year. He also reported on the receipt of information from two different Louisville lawyers, one an alumnus and the other a non-alumnus, who in recent months have written wills which include generous bequests for Centre College. Mr. Logan Caldwell reported on correspondence with the representa­ tives of the executrix of the Trimble Estate. After discussion it was voted to authorize Mr. Caldwell, after conference and agreement with Mr. Louis Seelbach as counsel for the college, to take such steps as are necessary and advisable to settle the disposal of the Los Olas property and, if possible, have the trust funds set up in accordance with previous agreements re the Trimble Estate. ��-2- President Groves reported on conferences with Mr. George Cald­ well, trust officer of the Louisville Trust Company, trustee of the Rogers Educational Trust, with a view to requesting the trustees to set up some of the present surplus in the Rogers Educational Trust for scholarships to be used in accordance with the terms of that trust. President Groves reported the following enrollment. Men's Department: Full-time Students Part-time Students Total - Men’s Department Woman’s Department: Full-time Students Part-time Students Aud itStudents Total - Woman’s Department Total Students Note: 324 2 326 155 1 1 157 483 Woman’s Department, full time students as follows: 128 Dormitory Students 27 Day Students The business manager, Mr. Amicar, made a report on the financial situation of the college, showing that the year ending August 31, 1950, closed with an operating loss of $44,018.28. This loss is some $15,000 more than the anticipated loss and is due almost entirely to the fact that the enrollment for the year 1949-1950 both in the academic year and during the summer months was lower than anticipated. The business manager, Mr. Arnicar, also presented a budget for the year beginning September 1, 1950, which indicates that there will be a budget deficit during this year of another $53 9 *09. 43. Once again, there has been a further decrease in enrollment, which is not only less than was expected but is quite serious and raises fundamental financial problems which will have to be dealt with in the next few months. In view of the situation made clear by these two reports from the business manager, on the recommendation of President Groves it was voted to request the Budget Committee of the trustees and the Finance Committee to hold a Joint meeting at the earliest date possible to study this whole situation to see what might be done to enable the college to balance its budget at the earliest possible date. A report was made of the study and consultations made by Mr. Logan Caldwell, Dr. Cowan, and President Groves on the over-all insurance program of the college. On the basis of that report and study, the following recommendations were approved. ��That approximately $736,780 of the fire insurance now held by stock companies be transferred as certain policies expire over the next five years to mutual companies. It was further recommended and approved that this business be handled by Mr. R. K. Betts of Danville, Kentucky, the representative of the Hardware Mutual Company, the Liberty Mutual Company, and a third mutual company to be agreed upon. That the workmen's compensation policy, which has a one-year term, be transferred to a mutual company. That the boiler and machinery policy for $25,000 be transferred to the Mutual Boiler Insurance Company of Boston, providing that investigation reveals that this transfer will result in a saving to the college. That the automobile fleet policy and the comprehensive liability policy be given out for bids and the business be given to that agent which gives the best insurance at the cheapest rates. And finally, that as policies expire in the next five years, in order to simplify records and also conform to the action of the Board of Trustees of October 15, 1940, which reads as follows, "In order that the buildings and their equipment owned by Centre College of Kentucky shall at all times be pro­ perly insured, N. K. Tunis & Co. of Danville, Kentucky, are hereby appointed insurance agents for Centre College of Kentucky, subject to removal at any time. Such insurance agents shall act under instructions from this Executive Committee. It is the desire of Centre College that its buildings and equipment therein be insured for 80% of the fair value of such property. The said insurance agents shall divide the business herein involved among such other insurance agents as this Committee shall direct, full commissions to go to the other agents for the business that they shall write. "N. K. Tunis & Co. shall prepare and have printed at their own expense proper forms for said policies. N. K. Tunis & Co. shall keep accurate records showing the pro­ perties covered, the agents who write the business and how much thereof, and the rates on same and submit to this Executive Committee semi-annually," the fire insurance policy of the college be consolidated in a manner to be determined in consultation with N. K. Tunis and Company of Danville, so that there shall be finally five policies, one policy expiring each year, of the stock companies. And further that the commissions to other agents in Danville now responsible for college Insurance be pro-rated among them in a proportion which will be determined by the amount of business left with them after all changes have been made and the total insurance carried with stock companies. �■ ’ ■ . ■ v’ c r. . . >vi’i $. n ’ .-.r J / <• r- frjs rtl O ' • '■ Ic • ic ' ' • : > ’ •'• • ' ' ’■ ’ . ■ > / ' -1 .. .. to •.* • .■ • • f h ’h ' ■ *. i • • i.i >0-ic i "1 t -j • ’< ’♦£?.’ ‘ ■' 3 taeoq . \a£. a^aibUad . -r . >- i.i - • *> •- ■ • ’ . .*c3 ‘: ‘ i. i < o*' ip . vsriJ j B aiwT .*3 ,M” 'r' ' ■ • ' ■ ■ •’ ' °u* ■’ •’ • ■ ’ < ’ • • .... V-r> ‘a , �It should be noted that by changing the policies amounting to over $700,000 to mutual companies an annual saving of $700 is ultimately anticipated, and that by changing the college's casualty and liability insurance a further saving of at least $300 annually is anticipated. President Groves announced the resignation of Mr. William B. Merrel, assistant professor in the Department of Music, to accept a position as head of the Department of Fine Arts at Union College in Barbourville. On recommendation of President Groves and Mr. Steere, head of the Music Department, it was voted to confirm the employment of Mr. William E. Hudson of Newport, Arkansas, a graduate of the Cincinnati Conservatory of Music with a degree of master of music, as instructor in the Department of Music, at a salary of $2600 a year to begin on September 1, 1950 * President Groves reported the resignation of Miss Annie J. Smith as associate’ professor in the Department of Home Economics to accept a position at Mississippi State College for Women. On recommendation of Dean Jones and Miss Sweeney, dean of women, it v/as voted to employ Miss Marjorie Bradford, a native of Flemingsburg, Kentucky, and graduate in the Department of Home Economics of the University of Kentucky as an instructor in the * Department of Home Economics at a salary of $2700 a year to begin September 1, 1950. A letter was read from Mr. Robert L. Myers, executive secretary, of September 25, 1950, in which he submitted his resignation. (A copy of this letter of resignation is attached to these minutes.) After considerable discussion it was voted to accept the resignation of Mr. Myers with sincere regret, and it was further voted that the secretary of the Board of Trustees write to the president of the Alumni Association advising him of the resigna­ tion of Mr. Myers and asking him to consult with the president of the college as soon as possible with a view to suggestions and recommendations which will take care of the situation arising out of Mr. Myers' resignation. The following actions were moved and carried to determine the status in the future of the alumni secretary of the college. 1. The alumni secretary shall be an administrative officer of the college under the direction of the president. 2. The alumni secretary of the college shall be appointed by the president of the college subject to the approval of the Board of Trustees and the Board of Directors of the Alumni Association. 3. He shall be responsible for promoting good relationships between alumni, including former students, and the college that they may be encouraged to promote the welfare and best interests of Centre College, particularly through the financial support and the selection of good students for the college. 4. He shall be charged with the specific responsibility of keeping alumni records, of setting up and arranging for scheduled meetings of alumni and alumnae chapters, of arranging for annual class reunions, of editing and distributing the alumni (ae) News Letter, and of conducting the annual alumni (ae) fund-radsing campaign. �• • ■ . . ' ■ ■ ■ -v tV .. if M59'\iT . • . - . wte!‘C j ;>« . <_ a* ■ 9 . <• I<\ £ A * ; . ■ ’ « ; ; ' • • - ■ ■-•'’■ f -■ ’T*. * - . i • J •*■ ■ ■- . ■ . t. - r ; • ■ • . • • ... • ■ • * t ; • ' ' • • . i rl . • * Jvrjrr ■ . . ■ • J ■/* - • • • * U �10 -5- 5. The alumni secretary shall deposit all funds collected through the Alumni Association with the treasurer of the college, who shall see that appropriate records of these funds are kept and an annual audited report of them rendered to the Board of Directors of the Alumni Association and the trustees of Centre College. President Groves made a report on the financial operations of the four fraternity houses for the year 19^9-1950. which shows that it cost the college in cash $2,319.15 to operate these fraternity houses. Attention was also called to the fact that the present program is using approximately $79,500 of college funds which formerly brought an income of annually or more. Thus the fraternity house operation is entailing an additional loss of something over $2700 in income from these funds. The over-all loss, therefore, is $5,000 or more per year. This matter was referred to the Finance Committee for study and recommendation. President Groves reported correspondence with President Don Campbell of the Alumni Association and the special committee of the Board of Directors of that association, namely, Messrs. Robert Salter Davis of Lexington and Peter Spalding, Jr., of Louisville, for consultation with the Board of Trustees on the over-all scholarship and athletic policy of the college, and it was agreed that the special committee of the Alumni Association be invited to meet with the Executive Committee at its next regular meeting on Friday, October 20, at 2:00 p.m. in the president’s office. Adjournment. Elbert G. Sutcliffe Secretary i ��11 Meeting of the Executive Committee October 6, 1950 The meeting was called, to order by the chairman, Er. J. R. Cowan. Prayer was offered by Er. Miles. Members present were Messrs. Logan Caldwell, W. P. Caldwell, Sam Jones, E. G. Sutcliffe, Ike Lanier, Dr. Miles, and Dr. J. R. Cowan, chairman. A letter from Mr. Robert L. Myers, executive secretary of the college, dated October 3, 1950, was presented, in which he signified his desire to withdraw his resignation as an employee of Centre College subject to the approval of the presi­ dent and the Board of Trustees. After some discussion it was moved and passed unanimously that the Executive Committee re-affirm their previous action of their meeting of September 29, 1950, in which the resignation of Mr. Myers as executive secretary of the college as presented in his letter to the president and two members of the Board of Trustees of September 25, 1950, was accepted. Adjournment. Elbert G. Sutcliffe Secretary ��October 3, 1950 Dr. Walter A. Groves, President Centre College of Kentucky Danville, Kentucky Dear Dr. Groves: I have just finished a conference with representatives of men’s student organizations who called on me to urge me to reconsider my resignation. They have presented me with a Testimonial and a petition to this effect by the student body. At the urging of this student delegation, I withdraw my resignation as an employee of Centre College subject, of course, to the approval of yourself and the Board of Trustees. In the event that my re-appointment is arranged, you may count upon my best efforts in whatever jobs that are assigned to me. Under the circumstances it is most imperative that I know the decision regarding this very soon. Yours very truly. Robert L. Myers ��October 13» 1950 Mr. Robert L. Myers, Executive Secretary Centre College Danville, Kentucky Dear Mr. Myers: At a called, meeting of the Executive Committee of the Board of Trustees on October 6, 1950, to act upon your letter of October 3, 1950, relative to the withdrawal of your resignation, it was moved, seconded, and unanimously passed that the Executive Committee re-affirn their action of September 29, 1950, in accepting your resignation of September 25, 1950. Very sincerely yours, Elbert 0. Sutcliffe Secretary, Executive Committee Board of Trustees EGS:dd ��14 September 25, 1950 Dr. Walter A. Groves, President Mr. Logan Caldwell, Treasurer Mr. S. B. Jones, Trustee Centre College of Kentucky Gentlemen: Before the 1950-51 plans for me are completed I must try to make my situation and purposes clear. I write to you jointly since you were the committee chosen to deal with me last June. You were frank with me then and I assume that I may in good will and without prejudice be frank with you now. The Report of the President to the Board of Trustees, June 10, 1950, and the ensuing disciplinary action of the Board on my unsatisfactory contribution to the student recruiting program indicate that I have been laboring under a misapprehension regarding my true status and value to the cause of Centre College. This has climaxed my several years of uncertainties, ever-changing job assignments and frustrations. Now I find that I cannot give to my work the faith and enthusiasm I must feel before I can hope to make good. I do not hold entirely with the President’s diagnosis of our enrollment trouble or the proposed remedy except in part. It would seem that several unnamed realities and vital factors were not taken into account. I feel that the Board’s action with respect to me was arbitrary, unjust and destructive in its harsh language and humiliating implications and unnecessary. My record in business, in public relations, in school and college promotion will stand up under examination - the same is true of my services to Centre and its students - and should have entitled me to a hearing. Consequently, the Board’s official estimate as recorded in the minutes does not reassure me as to what I may expect in the future. In short, gentlemen, I have sustained a set-back from which I find it difficult to recover and which no man in my position should be required to endure. With all this in mind, I see under the conditions small prospect of my future usefulness to the college or personal satisfactions for me. I need not review here what I consider my services to have been. But such as they are they were always performed without stint as a labor of love. It would likewise serve no purpose for me to present again what my experience says should be done in the fields wherein I am expected to function. �* . • \ V - ■ • • • .' 1 ■ ■' • . i ' •' ■ ■ -'> 1 . i c? V. ■ . n .. ,i 4.t, t . . .''t -.1 ■ ■ • • - . • {• ■ . •’ ■ ; • ■' .. • • .. '■ - • ■ ■ r, . -I 1 ' • • , L., . ' • - ' * v i • j �Dr. Groves -2- Sept. 25, 1950 Also, situations which charge me with full responsibility but with only nominal authority are not conducive to successful accomplishment. I may be wrong, but I feel that the occasional spontaneous demonstrations of regard and confidence with which students and alumni have honored me may not have been an unmixed blessing. This popularity, if it may be called such, has never, be it known, been exploited for selfish ends but employed always in complete loyalty to the college and the administration. Therefore, I believe that I have little choice but to try to recapture elsewhere what I can of the morale that may enable me to earn an adequate living for myself and family. So I hereby give notice, albeit with a heavy heart, of my resignation as an employee of Centre College, to take effect on or about November 1, 1950, the exact date to be determined by mutual agreement. Then I purpose to seek more rewarding and remunerative work wherever I may. And I do not flatter myself with thinking that I am indispensable to our cause or that my departure from the Centre scene will be universally regretted. I shall, of course, carry out to the best of my ability all current assignments; likewise work out the office and other details with my associates before I go. And I will add that in leaving Old Centre I shall say goodbye to a very great part of what I have known and loved. Respectfully yours, Robert L. Myers �■ ■ , ‘ • . - ■ •' :v . ■ . • •• > 4’ .bsvc'X ' t ’ ’ r• . *■ •’ ’ r ' ■ ’ • • ’i . r .'_>! ' • • ’ '1 ' • ’ rI i ?** 'r f • * .•» .. , • • ’* . C ■ : . ‘ . * -i- •" ** '■ • • * .' ; : " • 1 ' ■ ’* ' * • ’ �16 Meeting of Executive Committee October 20, 1950 The meeting was called to order by the chairman, Dr. J. R. Cowan. Prayer was offered by Vice-President C. M. Stewart. Members present were Messrs. Jones, Logan Caldwell, Lanier, Sutcliffe, >nd Dr. Cowan, and President Groves and Vice-President Stewart. The minutes of the meetings of September 29, 1950, and October 6, 1950, ere approved as circulated. brief report was made by Vice-President Stewart which was received with lommendation. a Mr. Logan Caldwell as treasurer reported on progress in the drawing up of •he new insurance program. Mr. Logan Caldwell also reported on the progress of negotiations with epresentatives of the executrix of the Trimble Estate, particularly with a view to '.he settlement of the Los Olas property. Mr. Logan Caldwell read a letter from The Kentucky Utilities Company conerning the service meters indicating that these meters have been checked twice ecently, and so there is assurance that the rates being charged the college are ecurate. Mr. ?red Amicar made the business manager’s report, and on motion Mr. rnicar was authorized to borrow up to $20,000 to meet current requirements, the imit of this loan to be no longer than January 1, 1951 * Mr. Logan Caldwell made the report on the Alumni Fund, showing that during he year 19^-9-1950 there were a total of 589 subscribers with a total cash received f $20,656.97- (See details of full report attached.) It was moved and carried that on the recommendation of Mr. George F. Lee he salary of Mr. John Barnes, financial adviser of the college, be increased from 1,000 to $1200 per year, the new salary to begin September 1, 195O« President Groves reported an additional grant of $U,000 from the Carnegio esearch Project for the years 1951-1952, on condition that the college match this •rant over the same two-year period. On the recommendation of President Groves it was voted that the college atch this grant with $2,000 during the year 1951-1952 and $2,000 during the year *952-1953 for the continuation of this research project. President Groves reported on a conference of college presidents and •epresentatives in Washington on October 6 and 7. This conference brought out tho act that our democracy in America faces a long struggle of at least twenty years’ uration with the forces of totalitarianism under the communistic school. Particuar attention at this conference was given to the problem of the small college in •his present war emergency. Particular attention was also given to the proposed ��3gislation on selective service whereby properly qualified college students, ’gardless of major programs, whether scientific or literary, will be deferred rom year to year so as to be able to finish their academic training, behind this rograra of deferment is the need which is recognized in this long pull for properly rained young leaders year by year. President Groves also reported on conferences with the Chief Justice with egard to the application for an R. 0. T. C. unit. A letter from Mr. Frank Pace, ecretary of the Army, written to the Chief Justice and sent on to President Groves as read, in which the Secretary of the Army pointed out that while he would see hat proper attention was g?.ven to the application of Centre College for an R. 0. T. C. nit, yet he was doubtful that such a unit could be established in view of the elatively small men's enrollment. Previous conversation over the telephone between he Chief Justice and Mr. Pace indicated that a college should have a men's enrollent of at least eight hundred students before the Army would consider the establish­ ment of an R. 0. T. C. unit. At 3:30 p.m., according to previous arrangement, Mr. Don Campbell, preslent of the Alumni Association, and Mr. illiam Cochran and Mr. Robert Salter Davis, /embers of the Board of Directors of the Alumni Association, met with the executive •Committee to discuss the present situation with regard to the alumni secretary of ;he college. The question which was discussed was simply as to whether or no in riew of all that has transpired the Executive Committee would be amenable to the luggestion that Mr. Robert L. Myers be employed in some capacity by the college, incidental to this question, the question of the athletic program of the college /as also brought up for discussion, and President Groves distributed a report on /Income and expenditures for physical education and athletics at Centre College as )f the present date. No action was taken on the discussion of either of the two iiuestions, though the Executive Committee of the trustees indicated its sympathy •dth the proposals of the committee of the Board of Directors of the Alumni Associa­ tion both with regard to Mr. Robert L, Myers and athletics at the college. The committee of the Board of Directors of the Alumni Association v/as informed of certain actions already taken by the Board of Trustees on the athletic situation at the college. ztdj oumment. Elbert G. Sutcliffe Secretary ��1.8 Report of the Trustees’ Committee on Buildings and Grounds Mr. W. P. Caldwell reported on an inspection with Mr. Steiger of the buildings of the college by Miss Amelia Yerkes and himself as members of the trustees’ Committee on Buildings and Grounds. The Women's College Campus: West Hall has been completely re-decorated, both rooms and halls on the second and third stories, at an approximate cost of $14-25. The tin roof of West Hall will need painting next year. The main chimney of the building also will need re-topping in another year. In Morgan Eall the plaster and walls have been washed, the plaster patched, and the corridors in the basement painted. Wooden floors in the rooms in the basement of Morgan Hall should be replaced at an early date with concrete floors due to termite damage. East Hall was painted last year on the outside, and the main chimney has been re-topped. In the gymnasium on the women's campus, the floor has been re-surfaced with floor seal, and the tin roof will need painting next year. In general, the committee found everything on the women's campus in excellent condition. The tennis court has been re-surfaced with sheet asphalt at a cost of approximately $237, an experiment which will be carefully watched in view of the possibility of a similar treatment for some of the tennis courts on the men’s campus. The driveway to the rear of the McGoodwin nnd Evans Houses has been re-surfaced at an approximate cost of $48. Miss Estelle Crawford, the college nurse, needs an electric refrigerator in the infirmary to replace the old icebox. Men's Campus: Old Centre Building has been painted on the outside at a cost of $700. The columns and cornices of the Craik House have been painted at a cost of $90. Breckinridge Hall has been painted on the outside with two coats of paint at a cost of approximately $850. The barracks buildings of Centreville have all been repainted this year. The inside walls of the Boyle-Humphrey Gymnasium have been painted at a cost of approximately $100. ��In the stadium old paint has been removed and all seats have been painted with one or two coats of paint at an approximate cost of $500 * The recreation building has been painted inside and out. Booths and tables have been installed in part of the building by Mr. Steiger, one-half of the cost of which has been borne by the Student Council. The Student Council also has provided the funds for three exhaust fans which are to be installed. In Young Science Hall it will be necessary to install a new boiler within another year at an approximate cost of from $1500 to $2,000. The D. K. E. Fraternity House has been completely renovated. A new roof has been put on at a cost of about $830. The building has been painted on the outside at a cost of $100. A new floor has been installed on the front porch, using the lumber from a former wooden handball court in the old gymnasium. New celotex ceilings have been installed in the living room and on the front porch. A tile floor has been installed in the shower stalls. Windows have been repaired, and some of them have been replaced. Other than the above-mentioned buildings on the men’s campus, other buildings and fraternity houses have not been inspected, but the committee is planning to make this inspection at an early date. A great deal of general maintenance has been done on all grounds and buildings during this year. One urgent need is a three-phase current to operate motors for stokers, refrigeration units, etc. There is also the possible need of a full-time plumber at about $200 per month. Among other plumbing problems is the fact that on the two campuses there are approximately one thousand water outlets and faucets. The committee in concluding this report commends Mr. J. J. Steiger for the fine job which he is doing in the care of all of the properties of the college. Respectfully submitted, Mr. W. P. Caldwell Miss Amelia Yerkes ��20 Meeting of Board of Trustees November 3, 1950 The meeting was called to order by the chairman, Dr. J. Rice Cowan. Prayer was offered by President Groves. Members present were Messrs. VI. P. Caldwell, Logan Caldwell, Ike Lanier, Sam B. Jones, Lisle Baker, Jr., Sam V. Noe, John Van Winkle, John E. Wiseman, Howard Van Antwerp, Jr., Robert B. McDowell, Elbert * Gar;/ Sutcliffe, George Joplin, Jr., Fred B. Wachs, Miss Amelia Yerkes, Dr. J. R. Cowan, Dr. Robert W. Miles, Dr. Jesse Herrmann, and President Groves and Vice-President Stewart. The following absences were excused: Miss Juliet Poynter, the Honorable Fred M. Vinson, Dr. Frank H. Caldwell, Mr. Hugh Nevin, and Mr. Fred A. Wallis. The minutes of the meeting of the Board of Trustees of June 10, 1950, and the minutes of the Executive Committee meetings of July 14, September 29» October 6, and October 20 were approved as printed and previously circulated. Mr. Logan Caldwell made the annual report of the finances of the college, including the financial statement of September 1, 1949» to August 31, 1950, the financial statement of the Alumni Memorial Building, and the financial statement of Centre’s Forward Program. (See copies attached.) On motion it was voted to receive and file the reports of the treasurer, Mr. Logan Caldwell. Mr. Logan Caldwell reported the sale of a piece of land adjoining the grounds of Craik House to the east previously approved by the Executive Committee to Mr. Norris Armstrong for the sum of $4$0. Mr. Fred Arnicar, business manager of the college, made the annual report of college operations from September 1, 1949» to August 31» 195O« It was moved and carried that the report of the business manager be received and filed. (See copy attached.) Mr. Logan Caldwell as chairman of the Finance Committee reported a substantial cash offer for the settlement of the Trimble Estate by Mrs. Lee, executrix, and that Mr. Louis Seelbach, legal counselor of the college, is making a trip to New York City in the near future and therefore can negotiate with the representatives of the executrix con­ cerning this offer for settlement. It was moved and carried that Mr. Seelbach be authorized to negotiate the best possible cash settlement with the representatives of the executrix of the Trimble Estate, the terms to be reported to the Executive Committee for their approval. ��-2- Mr. William P. Caldwell made the report of the trustees’ Committee on Buildings and Grounds. It was moved and carried that this report be received and filed. (See copy attached.) Vice-President Stewart made a report of plans and progress in the matter of financial promotion among the Presbyterian churches of Kentucky, and among individuals and corporations, and other matters under the supervision of the Financial Promotion Committee. This report was followed by a statement from President Groves on the very precarious situation as regards enrollment of men in view of the present war emergency and the bearing of this situation on the financial situation of the college. There was a discussion of the problem of vacancies in the Board of Trustees, following which it was moved and carried that the chairman appoint a special committee of three members, one each from Committees #1, #2, and #3, to make suggestions to the respective committees in accordance with the constitution to enable them to fill vacancies on the board. It was further voted that the representatives from Committee #1 be the chairman of this special committee. There was a discussion of the general situation in the Alumni Association due to the resignation of Mr. R. L. Myers, .ifter a full discussion the full Board unanimously approved the actions of the Executive Committee of September 29 and October 6 accepting the resignation of Mr. R. L. Myers. Adjournment. E. G. Sutcliffe Secretary ��Meeting of the Executive Committee December 15, 1950 The meeting was called, to order by the chairman, Dr. J. R. Cowan. Prayer was offered, by Dr. R. W. Miles. Members present were Messrs. Logan Caldwell, Sam B. Jones, Drs. Cowan and. Miles, and President Groves and. Vice-President Stewart. * Dr. Robert W. Miles was appointed secretary pro tempore. The minutes of the full Board of November 3, 1950, were reviewed, and the following change in the action with regard to the special committee on the nroblem of vacancies in the Board of Trustees was made. The last sentence of that action was revised to read as follows: ”It was further voted that the representative from Committee #1 be Dr. J. R. Cowan and that he be the chairman of this special committee." Mr. Logan Caldwell reported on the conference of Mr. Louis Seel­ bach, college counsel, with Mr. Bradley, the lawyer representing Mrs. Thurmond Lee, executrix of the estate of Robert Trimble, with regard to the offer of Mrs. Lee to make a cash settlement totaling $190,000 with Centre College of Kentucky and Kentucky Wesleyan College for their interests in the estate of Mr. Robert Trimble. On the recommendation of Mr. Logan Caldwell, treasurer, the following resolution was adopted. That Mr. Louis Seelbach as counsel for Centre College of Kentucky be authorized to accept from Mrs. Thurmond Lee $95 0 *-0 cash as a final settlement of the interest of Centre College of Kentucky in the estate of Mr. Robert Trimble, with the understanding that "no restrictions as in the trust agreement that the fund would be used ion endowment as suggested in the letter of September 21, 195% from Mr. Andrew Y. Rogers, representing Mrs. Thurmond Lee. On motion of Mr. Lo 'an Caldwell it was voted that the Rudloff Notes amounting to $7,000 be designated as part of the investment of the Mary D, Synott Fund and be so reported to the Board of Christian ioucation of the Presbyterian Church, U. S. A., in Philadelphia. On motion of Mr. Logan Caldwell it was voted that the bequest of Mrs. Mary Louise Newberry of $1,000 to be received approximately July 26, 1951, be applied toward the note for the construction of the Alumni Memorial Building. Mr. Fred Arnicar, business manager, made a report of the operational account of the college for the first quarter, September, October, and November, 1950. The report shows that the college is operating within the limits of the budget adopted in September, 195% with the exception of the income from Breckinridge Hall. That income is down $2,000 this semester, due to the fact that there are some twenty-one empty rooms in the dormitory due to the decrease ��-2- in the men’s enrollment. This experience means that the deficit will be increased by approximately $4,000 this year. At the present time antici­ pated income for the fiscal year is $532,499.20 against anticipated expenses of $639,853.90, which will leave a deficit of $57,35^.70. On motion it was voted to receive the report of the business manager (attached), and he was commended for the clarity of the statement. A report was received from the business manager with regard to cash needs between December 15» 1950, aad January 31, 1951» showing that the estimated total of cash needs in that interval will be $64,349.14, toward which there will be an estimated casn income of approximately $33,000. However, in view of the fact that there is now outstanding in bills due $19,464.46 and also insurance premiums to be paid totaling $9,384.68, on recommendation it was voted that the treasurer of the college be authorized to lend to the business manager $25,000 for the operational account. On the recommendation of Mr. Lo’an Caldwell it was voted that the business manager be authorized to borrow $10,000 from the Farmers National Bank. On recommendation it was voted that the treasurer be authorized to withdraw an amount not in excess of $17,0^0 from the Kentucky Trust company. President Groves made a report on the new social security legis­ lation providing for old age and survivors’ insurance. On the basis of this report and recommendation, it was voted that even though the college is now operating on a deficit the matter of social security for members of the faculty and staff of the college is of such an urgent nature that the college participate in this new program, beginning January 1, 1951, and that the business manager be instructed to take the steps required to put this program into operation on that date. It should be noted that this federal insurance when added to the present TIAA program will assure most faculty members a retirement allowance equal to one-half their present annual income. Mr. Carl Anderson was invited to be present with the Executive Committee to explain the injuries sustained in football by Mr. John D. Buckner, Jr., necessitating an operation costing $421.01. Mr. Anderson also explained the reasons for the recommendation of the faculty athletic control committee that the college pay one-half of these bills. After this explanation it wns voted that the college pay one-half of the above-mentioned bill, it to be understood that this in no way is meant to establish a Precedent for such matters. President Groves made the following report concerning the outlook for 1951-1952. "Members of the Board of Trustees have al ready received copies of the report which was made to the faculty on Tuesday, December 12, following my visit to Washington December 6, 7, and 8. The situation which confronts Centre College of Kentuclzy for the immediate future is a very grim one. The trustees are already acquainted with the fact that our d *eficit for 1949-1950 was more than $44,000. The report of the business manager makes it clear that our deficit for this year ��will be not less than $57,000. Assuming a comparable operations cost for 1951-1952, and. the decreases in enrollment which must be anticipated, the minimum deficit for next year is $60,000, and the probable deficit is at least $100,000. Thus even though we do not become involved in total war, this period which some characterize as ’gray’ is, as far as the independent college is concerned, a period that can only be described as ’blac<.’ In short, total war would probably mean, or could mean, the closing of the college, which would be fraught with less immediate financial problems than the partial closing which the present situation threatens. "It is true that in the present uncertain situation final decisions cannot be made. However, enough is certain to make it quite evident that our thinking and planring, which must begin right now, must take into consideration a deficit of as much as $190,000. In the face of this situation, the following recommenda­ tions are submitted: ”1. That the president and the dean lay plans to make savings of as much as $25,000 to $30,000 in the instructional budget of the college. This, of course, can be done only by either laying off faculty members or making use of them as far as possible in other parts of the college program or by persuading the right agencies to use some of the faculty for special projects which will enable the college to keep them, and yet at the same time not be responsible for th ir salaries. The report already made to the faculty indicates how much has been done to date in this matter. ”2. as long as the present situation prevails, it is going to be increasingly difficult to carry on a full promotional program such as the college has been carrying on this last year. Furthermore, with the decrease in students some of the personnel now in different administrative offices will not be required. It is recommended, therefore, that drastic cuts both in personnel and program ot administration and promotion be made in the attempt to save ^25,000 in these operations. "3. The elimination of all, or part, of the intercollegiate athletic program would bring about a saving of from $10,000 to $15,000. With the very limited men’s enrollment which can be hoped for at present, it is recommended that this drastic step be considered and taken if required. ”4. With the further decrease in the men’s enrollment it probably will be necessary to close down fraternity houses and con­ centrate men students in the dormitories, thus enabling the college to rent the fraternity houses as residences tor the duration. This coul ’ m an a saving of from ff,000 to $10,^00 a year. It is recommended that this change be studied and be made if and when required. ”5. The rental of the fraternity houses plus other savings which might be effected may enable us to postpone some operation nnd main­ tenance items whereby an additional $5,000 in savings might be realized. ��It is recommended, that Mr. Steiger be requested to study the operation and maintenance budget in order to effect this saving. "6. With the decrease in men's enrollment it will not be necessary to make the expenditures for scholarships over and above income for scholarships in the way that we are now doing, so that another saving of $5,000 to $3,000 might be realized here. It is recommended that the faculty committee on scholarships take this matter into consideration, and make the necessary recommendations which will effect this saving. "7. Other savings might be realized in such student activities as the student annual, the choir, the special program for chapel and convocations, and things of a like nature, which would realize an additional saving of approximately $5,000. It is recommended that the president and the deans of the college study these matters and effect savings wherever possible.” Following this report, it was voted that the president of the college be authorized to call special meetings of the Finance Committee of the trustees or of the Executive Committee whenever necessary in this emergency in order to effect plans required to eliminate the deficit of the college as quickly as possible. I There was some discussion of the policy concerning admission of Negroes to basketball games. However, it was the consensus that under present circumstances no action is required. Note was made of the fact that the local high school has invited members of the teaching staff of the Negro school in town to the high school games which are being held in the Alumni Memorial Building. President Groves made a report for Mr. W. P. Caldwell, chairman of the trustees’ Committee on Buildings and Grounds, with regard to certain improvements in Morgan Hall of the women’s campus. On the recommendation of Mr. Caldwell, the following actions were voted. 1. That the college remove the runner in the hallway of the first floor of Morgan Hall on the understanding that the Alumnae Association would purchase and install the new runner required. It is understood that the Alumnae Association already has purchased this runner at a cost of approximately $450. 2. That the college furnish the labor required for painting the hallway of the first floor of Morgan Hall on the condition that the Alumnae Association provide all the paint and materials needed for this job. It is understood that the Alumnae Association already has raised some $460 for paint and materials. 3. That the college install a new ceiling in the hallway of the first floor of Morgan Hall of some good celotex material on the condition that the Alumnae Association pay for all material and lumber required. It was noted that Mr. Steiger, superintendent of buildings and grounds, is to obtain estimates for materials required, the Job to be done during the summer of 1951 * ��Dr. Stewart reported the receipt of $500 for the purchase of an annuity for Mr. and Mrs. W. F. Mullins of Franklin. Kentucky. On notion it was voted to enter into this annuity contract ’ ith Mr. and Mrs. W. K. Mullins. The following resolution was also voted. Be it resolved that the $5°0 of Mr. V. K. Mullins for the joint annuity of Mr. and Mrs. W. K. Mullins of Franklin, Kentucky, be accented and be placed in a new account to be opened on the books of the treasurer of Centre College known as The Centre College Annuity Account,” to be kept as a separate endowent account, from the earnings and principal of which there shall be ■paid the required annuity premiums to the annuitants in accordance with the terns of their contract. It was further resolved that funds from this annuity account shall be transferred to the general endowent account or otherwise exoended only by action of the Board of Trustees am also only in such amounts as shall be determined as advisable after proper actuarial audit of this Centre College annuity account has been made. Vice-President Stewart also reported on the plans for the tenth annual alumni fund campaign as well as progress with the church and high school visitation program. To date, even before the alumni campaign has been initiated, some twenty—two contributors have contributed a total of $3,032. This includes one contribution of $2,500. A letter was read from Mr. James H. r>vans, ’^3i the Harris Trust and Savings Bank of Chicago, an alumnus of the college, on investiga­ tion which is being made by Mr. Sam Boggs, ’ 15» Mr. Bob Mathias, :<19, and himself of the Barry Building owned by the college in Chicago. President Groves reported on the meeting in Louisville under the auspices of Mr. Lisle Baker for drawing up a request to the Ford Foundation for assistance to Centre College of Kentucky. This request has been prepared by President Groves and Dean Jones and is in the process of being copied to be sent to the eight or ten people who are working as a committee with Mr. Baker and the college on this matter. President Groves reported on tentative plans for a simple mid-year commencement January 3^, 1951, at which time approximately ten students will be granted the B. A. degree. Adjournment. Robert W. Miles Secretary pro tern ��Meeting of the Board of Trustees January 19, 1951 The meeting was called to order by the chairman, Dr. J. R. Cowan. Prayer was offered by Vice-President C. M. Stewart. Present were Messrs. Herrmann, W. p, Caldwell, Joplin, Jones, Cowan, Lanier, Miles, Sutcliffe, Noe, F. H. Caldwell, Lo^an Caldwell, VanWinkle, Wiseman, McDowell, and Hiss Poynter, and President Groves and Vice-President Stewart. The minutes of the meeting of the full Board of Trustees on November 1950, and the minutes of the Executive Committee meeting on December 15, 195O> were approved as printed and circulated. A letter from ?'r. Frederick A. Wallis to Dr. J. R. Cowan was read, and a resolution was voted to write Mr. Wallis a letter of appreciation for his many services to the college and also to congratulate him on his recovery of health and further to express the wish that he might meet with the Board at an early date. President Groves read a letter from Mr. Howard Van Antwerp, Jr., explaining why he could not attend the meeting and also expressing his views con­ cerning t .e necessity of rigid economies in order to enable the college, if possible, to balance its operational budget next year. On recommendation of President Groves, the following regulations governing the fees of students either called into the armed services or volunteer ing for service were approved. In the case of a student called into the armed services either by the selective service offices or by a reserve unit of which ho , is a member and also if the college is unable to obtain deferment for such a student to complete the work of the semester in which he is enrolled, all fees which have been paid in advance will be refunded on a pro rata basis to such a student. However, in those cases whore a request is filed with the dean of the college and satisfactory arrangements can be made for the granting of full credit for tho work of the semester, such credit will be granted only after the payment in full of the general fee required for that semester’s work. Students for whom the college is able to obtain postponement or deferment to the end of the semester and who nonetheless prefer to volunteer in the armed services will be considered us coming undur the regular rules of the college governing refunds, which road: ”As engagements with instructors and other provisions for instruction and residence are made by tho college for the entire year in advance, the established rule is that no deductions will bo made from the charge for general foos, or room runt in case of withdrawal, unless such withdrawal is due to illness.” ��-2- Mr. Arnicar made the report of the business manager for operations through December JI, 195O> showing that all operations are within the budget as approved by the Board. However, Dr. Cowan called attention to the accumulating operating deficit of $2i|B>Mu>56 that the trustees might be aware of this serious situation. It was pointed out also that by the end of the present fiscal year that accumulated operating deficit will be more than $J00,000. It was ^oted to receive and file the report of the business manager and to commend him on its clarity and the business-like operations of the college. President Crores made a statement on the war manpower situation as it affects the liber 1 arts college, and specifically Centre College of Kentucky. It was pointed out that the preposed legislation for drafting all oighteen-yearolds, oven though 75»OOO will be allowed to enroll in college for special work, such as engineering and pre-modicul work, and another 50,000 bo furloughed back to college from the armed services for special service, that a college like Centro will only receive a trickle cf students in the freshman class, since Centre College of Kentucky does not offer an engineering course and likewise has no ROTC unit. This means that as far as men students at Centre College of Ken­ tucky for the next several years aro concerned it can count only on such upper classmen as may be deferred because they are sufficiently near the completion of their course, the few freshmen who will not have reached eighteen years of age or for other reasons who may bo deferred, and the women students. On the basis of every indication, President Groves thought that on a very optimistic estimate Centre College may enroll as many as 165 men students next year and should be able to maintain the present enrollment of 150 women students. received fifteen. February some lag In this connection, the registrar’s office reports that applications from women students for entrance in September at tho present date number On January 1, 1950, this number of applications was sixteen, and on 1, 1950, the number was twenty-four. This would indicate that there is in the enrollment of women students. Applications from men students to date number twelve for September, 1951 and five for February 1, 1951 * President Groves also reported that over the Christmas holidays approxi­ mately twenty-five men students have left college to enter tho armed services, and every indication points to the departure of an additional forty to fifty at the conclusion of the mid-somestar examinations now in process. This will mean, according to President Groves’ report, an additional deficit of some $12,000 to $14,000 in operational expenses for the current year. Following this report, President Groves made a statement concerning cuts in the present operational budget in order to meet this further decrease due to loss of students during the second semester. Suggestions for these cuts included tho followings ��29 Vice-President’s Office $3,500.00 Business Office 1,200.00 publicity Office 1,500.00 Alumni Office 5,000.00 Instruction 2,750.00 Library 1,000.00 Operation I- Maintenance 1,500.00 Dcrmitcrie s 400.00 Bockstore 1,300.00 Student Activity by Eliminating Annual 3,150.00 Health Service 250.00 Elimination of ?'ost of Intercollegiate Athletics for the Spring 1,4-00.00 Saving on Fraternity Housemothers 450.00 Total 24,400.00 The Board adopted unanimously these recommendations for savings in the current budget and gave the Executive Comittee with the president full power to take ihe steps necessary to put these cuts into operation. President Groves made a report on the financial situation f t.c college based on a possible average enrollment for 1?. 1-1954- 1 503 stueen^s, which showed that on the basis of present operations in order to balance the budget cuts in the operational expanses totaling $17^,279.29 wculu have to bo effected. These cuts will be required, according to President Greves, because income anticipated for the year 1951-1952 will bo $11$ , a j-2.30 1 o s th n the expected inc nne for 1950 1 *951• * I was P intod out that 50- 95 patod deficit is now 57,909.43. heroforo, an cpereticuial budget for 19>1-1952 would have to take account of the operating deficit os < f . . ?5 •aS4. the decreased income anticipated for 1951-1952 if the budget for 1951-1952 is to be in balance. raoert 1951-1952what would bo showing into balance, President Groves then ma ,.c •> required in order to bring the operation ^office of the vice-president. Such a budget would require drastic cu s the mwOting.) Cuts in (Discussion of this item was postp dean, alumni, donn of the other administrative offices of tho college,> It would women; publicity, and al«™ae off*ec^ fourteen wmbors of tho faculty. On moan the elimination of some t.nrtcc loove for further study. It present plan four members of the iucu y >< administration offices of the ma; o possible t use two or *’’ee momraambers •.■•■ill have to bo dropped, ccllogc. However, at least seven ctK . library plus a decrease in It Will moan tho elimination of one cu? of «,000 in the •; nditurus for the library. It 1 “ Uorc. it will mean the closing down operation and maintenance budget of f on students in tho collageof oil fraternity house,in tho men's dining hell, tho coffee sh p, and the kstore. I decrease in number of tho faculty, of faculty apartments no longer required duo to oecroase ���30 It will moan the elimination of certain student activities, such as the annual, which costs the college appr xinately <3-3,000 a year, the activities of the debate team, the special chapel and convocation program, and the ’’frosh Bible” for the women students. It will mean cuts in the college physician’s honorarium. It will moan the elimination of all intercollegiate athletics with the exception of intercollegiate basketball, which should be able to pay for additional expendi­ tures which will be acquired by means of gate receipts. It will mean the reduction of scholars .ips and scholarship grants, which should be possible in view of the rreatlv decreased enrollment. V After a full discussion of this report from the president of the college, the Beard voted unanimously to make these cuts in the operational budget for 19>1-1952 and empowered the Executive Committee with tho president to put the approved cuts into effect. There was a discussion of the place and need of the office of the vicepresident for financial promotion in the face of the present critical emergency. After this discussion tho following unanimous actions were approved. 1. That the office of vice-president for promotion be retained subject to review at the June meeting of the full Board of Trustees. 2. That President Groves be empowered to make further cuts in staff beyond those already approved and also further cuts in the expenses of the vice-president’s office in order to keep the proposed operational budget of the college for 1951”i9S2 in balance. (It was pointed out that the maintenance of the office of the vice-president adds at least $15,000 to expenditures at present schedule of operations.) 3. That for the period of the emergency Dr. Stewart’s salary ba fixed at $6,000 per year. On the roccrnmenuation of President Greves, it was voted that an emergency financial appeal be made to the friends of Centre College in order to help the college over this present very critical period. President Groves made a brief report on efforts now being made to find outsiGC assistance for the college through research contracts with industry, con­ tracts with departments of the armed services, and other governmenta 1 departments, the renewal of tho petition of the college for tho ROTC unit at Centre, and other stops which could give partial financial relief to the college in this critical emergency and at tho same time make tho best use of tho fine facilities of the c-'llego curing this preparedness period. Ad j 3 ur nme nt • Elbert G. Sutcliffe Secretary ��Heelinr of. Executive Committee February 16, 1951 The meeting was called to order "by the chairman, Dr. J. R. Co’-ran. Prayer was offered by President Groves. Present were Dr. J. R. Cowan, chairman, Logan Caldwell, Sam B. Jones, and Dr. Robert Miles, and President Graves. Mr. Arnicar made the report of the business manager, which shows that as of January 31, 1951. income is running ahead of budgeted income by approximately $3,973.20, and expenditures running behind budgeted expendi­ tures by $5,096.02. However, Mr. Arnicar pointed out that these favorable figures probably could not be maintained, due to the decrease over expecta­ tions in the enrollment and therefore in student income for the second semester. After further discussion, the report of the business manager was accepted, and Mr. Arnicar was congratulated on the clarity of his statement and the good report. Mr. Arnicar next proposed revisions of the budget for 1950-1951 as of February 1, 1951. to bring the budget in line with the actual experience of the academic year. This revised budget, showing an operational deficit of $^3,32^.07 instead of a deficit of $57»9O9.^3» was approved. It was pointed out that this decrease in expected deficit is due to savings instituted according to the authorization of the Board of Trustees at their meeting on January 19, 1951. It was further pointed out that the restoration of one or two items may require some slight increase in this anticipated deficit, though there is every indication that it can be kept to approximately $U5,000 to $h6,000. President Groves read the following report from the dean of the college concerning second-semester registration. Total loss since registration September 21, 1950 Women 17 Men 50 By graduation Women Men Total Total drop-out loss Women Men 67 2 8 10 57 15 U2 Women drop-outs 5 dropped rather early in semester for illness or personal reasons 10 finished semester. Of these four married, five transferred, and one Joined WAVES. ��-2- Men drop—out 10 called out 11 volunteers 21 total to Armed Forces — ■ ■■ .1 Transfers 11 Of these nine went for military reasons, two for pe rs onal. Personal reasons or unknown - 9 men 4 dropped before end of October 5 finished semester. Of these five, three were poor, one was special student, and one was indifferent (taken in State Police) Illness 1 left early in semester Men lost early in semester Men lost around Christmas Men lost between semesters Total 6 13 23 42 On the basis of a comparison between enrollment in September, 1950 * with that of February 1, 1951, the enrollment loss at Centre College is only 9.8^, which is considerably less than was anticipated at Christmastime or even on January 19, when the full Board was in session. President Groves also reported from the admissions oifice that there are 18 applications for women students for September, 195aad 3 for September, 1952, as compared with a total number of 24 applications in February, 195 Applications for men for September, 1951 are 15 and for men for * June, 1951, are 1. There is no figure for a corresponding date of last year for comparison in a pre-enrollment of men students. In response to the petition of the Men’s Student Council as con­ tained in their letter to the trustees of Centre College of Kcntuc’* of y February 14, 1951, it was voted to restore an appropriation of $15~0 to help defray the costs of publishing the annual for 1951» the president to send notice to the student councils of Centre College and to the editor of the annual. Mr. Logan Caldwell, chairman of the Finance Committee, reported the action of the Finance Committee at its meeting of February 9» 1951» recommending that this committee have quarterly meetings at dates to be arranged and such other emergency meetings as may be required. It is understood that these meetings will be held, two of them in close proximity to the meetings of the full Board of Trustees in the fall and in June, and the other two to bo held the same day as the Executive Committee meeting in January and April, the Finance Committee to convene for lunch and meet immediately thereafter until 3:00 p.m., and the Executive Committee to con­ vene at 3:00 p.m. on these days when the Finance Committee will be meeting. ��Mr. Logar. Caldwell also reported, on his conference with Mr. Lccr.s Seelbach concerning the settlement with the lawyers of Mrs. Thurmond. Lee in regard to the estate ?f Robert Trimble. According to this report, Mr. Seelbach has not yet sent any firm agreement of Centre College of Kentucky, since he is waiting for a definite proposal from the agents of Mrs. Lee. Dr. J. R. Cowan announced the appointment of Messrs. Sutcliffe and Baker on the special committee for making suggestions for members to be elected to the Board of Trustees and also requested that any members of the Board who have suggestions send them to this committee. Dr. J. R. Cowan is chairman of the committee in accordance with the action of the Board of Trustees of November 3, 1950. Mr. Sam Jones made a report on the conference between Dr. Richard I. Rush, head of the chemistry department, and officers of the West Virginia Pulp and Paper Company, which, it is hoped, will lead to several research contracts between the company and the college, which contracts will be under the direction of the chemistry department of the college. President Groves reported that after conference with Dr. J. R. Cowan with regard to a change of date in permission granted by the Executive Committee of the trustees at their meeting of July 8, 19^9, to a committee of the Negro community in Danville to hold a concert by Todd Duncan either in the stadium or the Alumni Memorial Building, this committee was given permission to arrange for the concert for October 15• 1951> in Place of the previous date of May lh, 1950• Adjournment. Robert W. Miles Secretary pro tern ��Meeting of Executive Committee March 16, 1951 The meeting was called to order "by the chairman, Dr. J. R. Cowan. Prayer was offered by President Groves. Members present were Messrs. Jones, Logan Caldwell, Wachs, Herrmann, and Dr. J. R. Cowan, chairman, and President Groves and Vice-President Stewart. The minutes of the meeting of the Executive Committee of February 16 were approved as read. Mr. Fred Arnicar, the business manager, made the business manager's report, which indicates that on the basis of the budget as revised on January 19, 1951, income is running slightly ahead of schedule ($2,064.60), and expenses are running slightly behind schedule ($4,155«58), which means that as of February 28, 1951, operations are some $6,220.18 better than budget predictions. However, there is no assurance that this condition will continue to prevail. Mr. Logan Caldwell reported on recent correspondence from Mr. Osso Stanley on behalf of Kentucky Wesleyan College with regard to the estate of Robert M. Trimble, Jr., in which Mr. Stanley reported the concurrence of Kentucky Wesleyan College with the action of the trustees of Centre College of Kentucky in expressing their willingness to settle with the heirs of the Robert M. Trimble Estate on a basis of a cash settlement of approximately $190,000 to be divided equally between the colleges. In this same connection, Mr. Caldwell read the following letter sent by Mr. Louis Seelbach, counsel for the colleges, to Mr. Andrew’ Y. Rogers of the law firm representing Mrs. Lee, the executrix of the estate of Robert M. Trimble, Jr. "March 14, 1951 "Mr. Andrew Y. Rogers, Davis, Polk, Wardwell, Sunderland & Kiendl, 15 Broad Street, New York 5, IT. Y. "Re: ESTATE OF ROBERT M. TRIMBLE, JR. "Dear Mr. Rogers: "In reply to your inquiry of March 8, 1951, I wish to advise that I have now heard from Mr. Osso W. Stanley on behalf of Kentucky Wesleyan. Mr. Stanley said that the Joint Board of Education in charge of the affairs of Kentucky Wesleyan College has approved the settlement of the Trimble estate by having Mrs. Lee retain the Los Olas Centre outright and dividing the remaining assets outright between the Colleges. The remaining assets presently are approximately $190,000. "It is our understanding that you desire to secure a ruling from the Treasury Department relative to the tax aspect of such a settlement and that this will be without expense to the Colleges. One of the conditions of the consent of the Colleges is that the assets which come to the Colleges will be unrestricted as to their use. ��-2- "In the light of the present falling off in college attendance due to the defense situation, both Colleges are badly in need of money, and we will be glad to give you any assistance which will enable you to obtain a favorable ruling. We shall appreciate it if you will write up whatever statement you think applicable to the situation and let us have it as promptly as possible so that we may give you the help of the Colleges in the application. "With kind regards, "Sincerely yours, "s/Louis Seelbach" President Groves introduced a request from the Interfraternity Council that the college business manager collect bills due the fraternities and that individual members whose bills are unpaid be barred from either mid-year or final examinations. It was moved and carried that this whole subject be studied further by the administration and that a full report be made to the meeting of the Board of Trustees in June, 1951. On motion of Mr. Logan Caldwell it was voted that the business manager be authorized to borrow from the Citizens National Bank an amount not exceeding $20,000 up to May 1, 1951. in order to pay current college bills. It was moved and carried that the Budget Committee, composed of Mr. Lanie and Mr. Wachs, be empowered to employ an auditing firm to audit the college books for the fiscal year 1950-1951. The firm of Yeager, Ford, and Warren presented a bill amounting to $2,000 for auditing the college books for the year 19^9-1950. In view of the fact that the Executive Committee of the Board of Trustees of the college considered this bill to be excessive, it ’-/as moved and carried that the Executive Committee ask Mr. Lisle Baker to present to the firm of Yeager, Ford, and Warren this opinion o^ the Executive Committee and also to ask Mr. Baker to try to arrange some adjustment in this bill. President Groves reported his oversight of the action of the Board of Trustees of November 5 19h8, with respect to the termination of contracts with * faculty members on continuous appointment, which reads as follows: "Teachers on continuous appointment who are dismissed for reasons not involving moral turpitude should receive their salaries for at least one year from the date of notification of dismissal, whether or not they are continued in their duties at the institution." In view of this oversight and on recommendation of President Groves, it was moved and carried that Dr. Robinson be informed that his services will be continued through 1951-1952 with the further condition that in the event the present emergency continues his services with the college will be terminated as of June, 1952, his salary to continue through August 31, 1952, but that if the situation improves, his services with Centre College of Kentucky shall be con­ tinued on his former permanent status. ���In this same connection and on the recommendation of President Groves, it was moved and carried that the services of Mr. Carl Anderson be terminated as of August 31, 1951 and that his salary be paid through January, 1952, which will pay * the salary of Mr. Anderson for one full year from the date of notification of the termination of his services at Centre College of Kentucky. Dr. C. M. Stewart made a brief report of recent promotional activities with particular attention to the continuation of the church promotion program, the alumni meetings in Cleveland and Columbus, and the present status of the Alumni Fund campaign. According to the report on the latter, this year's campaign com­ pares very favorably with that of last year at the same date and is a real improve­ ment over practically all campaigns prior to the campaign of 19^9-1950. Present cash totals are $10,385 9 *0, and pledges amount to $l;032.00, making a total of 1 *17.00. $11, In addition to this amount from the alumni, there is also $8-500.00 available from special gifts for the amortization of the debt on the Alumni Memorial Building. President Groves reported cn the several trips planned by different members of the student body, faculty, and administration for the next several weeks. The debate team during the Easter holiday will be engaging in the inter­ collegiate debate contest to be held at Stillwater, Oklahoma. The choir will be on tour from April 3 through April 9, visiting Lawrenceville, Illinois; Vincennes, Indiana; St. Louis. Missouri; Carbondale, Illinois; Paducah, Kentucky; Mayfield, Kentucky; Nashville, Tennessee; Clarkcville, Tennessee; Hopkinsville, Kentucky; and Glasgow, Kentucky. While in St. Louis the choir will appear before the St. Louis Rotary Club, and it is expected that the club members, wives, and guests will total more than four hundred in attendance on this occasion. President Groves also reported plans on his trip for Florida from March 17 through March 31, in which some twelve alumni-alumnae gatherings will be held and as many visits with friends and prospective students of the college be held as possible. A report was also made of the presentation which has been prepared by the college administration in consultation with the staff of The Louisville CourierJournal for a presentation of Centre College of Kentucky to the Ford Foundation. There was a discussion of the commencement speaker for June, 1951, and it was moved and carried that the president be given authority to select an available speaker. President Groves made a report on the enrollment situation for the year 1951-1952 as it affects the men's enrollment as follows: Of 289 total men enrolled second semester 1950-51, 269 replied to questionnaire. / Of 79 senior men 7 3 1 1 will attend summer school will probably attend summer school will attend fall semester probably will attend fall semester ��Of 210 freshmen, sophomores, and. juniors 190 replied; 20did not. 52 0 158 17 will will wil. will attend, summer session p- /!> ■..'ly attend. summer session attend, fall semester probably attend fall semester 12 will probably return 3 do not know 5 probably not Of 20 not reporting President Groves reported that the most interesting item in the above statement is that concerning the 158 nen students who plan to return to college next fall. Of those students all but 58 are exempt from military service for one reason or another and therefore may be expected to return to college. Of the 58 who are now classified as 1-A, it is possible that some of them also will be re­ classified and thus be enabled to continue their college education. Such a situation will probably prevail with pre-medical students, etc. Meanwhile.President Groves reported that the news releases from authori­ tative circles in Washington indicate that eighteen-year-olds, even though drafted according to legislation, actually will not be taken into the Armed Services prior to September, 1952, which means that we should expect a number of freshman men in September, 1951» to equal the number of September, 1950 * President Groves reported for the admissions office the following applications for 1951. Girls Boys Pending 1951 Boys 1952 Accepted 2 19 Pending 21 1951 1 1952 Girls 9 Accepted 32 41 2 It was moved and carried that the First Baptist Church of Danville be granted permission to use the Alumni Memorial Building for their religious services from July lb- through July 29 inclusive at the rate of $50.00 per day for usage fee in accordance with the usual custom in this matter. It was moved and carried that the Department of Music of Centre College of Kentucky bo designated ’’The Wiseman Department of Music," according to the terms of the bequest of the will of Mr. Guy Wiseman, and that proper announcement of this designation be carried in the college catalogue. Vice-President Stewart presented a tentative plan for conducting a cam­ paign for funds for Centre College of Kentucky among the citizens of Danville. It was moved and carried that the report bo approved in principle and submitted to the Financial Promotion Committee of the trustees for appropriate action. It was moved and carried that the April meeting of the Executive Committee be held in Louisville on April 20, 1951, and that President Groves make the neces­ sary arrangements for time and place of meeting. The meeting adjourned. Josse Herrmann Secretary pro tom ��38 Executive Committee Meeting April 1950 The meeting was called to order by the chairman, Dr. J. R. Cowan, in the board room of the Louisville Courier-Journal and Times in Louis­ ville, Kentucky, which had been made available to the Executive Committee through the courtesy of Mr. Lisle Baker. Prayer was offered by Dr. Robert V/. Miles. Present were Dr. J. R. Cowan, Dr. Miles, Messrs. Logan Caldwell, Baker, Lanier, Jones, Sutcliffe of the Executive Committee, and of the trustees Messrs. Noe, McDowell, and Nevin. Also present were President Groves and Vice-President Stewart. The minutes of the meeting of March 16 were approved as circulated. President Groves read the report of the business manager for Mr. Arnicar. The report reveals that the college is operating within the limits of its budget, though as Mr. Arnicar’s report makes clear, certain items in the budget such as that of "Student Promotion for Women" and "Student Promotion for Men" will need to revised in view of the increased activity in these two departments since the budget was approved. There also will have to be a revision of the budget for "Operation and Maintenance" due largely to the excessive amount of coal purchased during the past winter. On motion it was voted that the business manager’s report be received and filed. On recommendation of the business manager of the college, it was moved and carried that the business manager, Mr. Fred Arnicar, be authorized to borrow from the Farmers National Bank, Danville, Kentucky, the sun of $20,000 to cover operating expenses of the college, this resolution to be in effect until July 1, 1951 * Mr. Logan Caldwell as chairman of the trustees’ finance committee reported on that meeting, and the following actions taken by this committee were approved by the Executive Committee. Meeting of Finance Committee April 20, 1951 The meeting was called to order by the chairman, Mr. Logan Caldwell. Members present were Messrs. Logan Caldwell, Lisle Baker, Ike Lanier, Dr. Cowan, and President Groves, who acted ns secretary for the committee. ��It was suggested, that Mr. Logan Caldwell write to the United States Trust Company and. to the Kentucky Trust Company to get estimates from them on the fee that they would, charge for acting as investment counsel for the endjvnnent fund of the college. It was moved and carried that Mr. Logan Caldwell, the treasurer of the college, be authorized to lend up to $50,000 at interest rates of 5$ or better, the funds to be obtained by selling lowinterest bearing government bonds. It was moved and carried that the trustees of the college accept the tentative plan for scale buying as prepared by Mr. John Barnes and Mr. George Lee in December, 1950, for the handling of common stocks. It was moved and carried that a letter be written to the co-owners of the Barry property of Chicago with a view to making arrangements with them for selling the interest of the college in this property. Adjournment. Walter A. Groves Acting Secretary Mr. Lisle Baker reported on his conference with Mr. Yeager and Mr. Long of Yeager, Ford, and Warren concerning the bill for the audit of the books of the college and stated that after conferring with them he believed that the audit was reasonably priced for the time and work required. It was moved and carried, therefore, that this bill from Yea'ger, Ford, and Warren of $2,000 for auditing the books of the college of 1949-195° be paid. The Executive Committee further requested that the Budget Com­ mittee, consisting of Mr. Wachs and Mr. Lanier, continue their investiga­ tions to see whether or not the job of auditing the college books can be done adequately and at a reduced cost. President Groves reported for the registrar, Mr. Brice Leech, that up to April 20, 1951, 88 applications for new students for next year had been received, 29 men and 59 women. Of these 88 applications, 66 have been accepted for entrance, 22 men and kb women. The remaining 22, 7 men and 15 women, are in process pending acceptance. On April 20, 1950, 140 applications had been received, 79 from men students and 61 from prospective women students. It was pointed out, therefore, that applications from women students about equal those of 1950, which was the best pre-registrat ion record for women in the history of the college. However, the pre-registration for men students is lagging seriously, due largely to the present war emergency. ��It was further reported that on the basis of as complete a census as possible of present students plus predictions for new students the college can anticipate a total enrollment of 200 men and 160 women for the fall semester of 1951. Mr. Ike Lanier reported the acceptance of Mr. Richard R. Deupree, chairman of the board of the Procter and Gamble Company of Cincinnati, Ohio of the invitation of the college to deliver the commencement address on June 3, 1951. President Groves reported that gifts from individuals to date, other than gifts already reported in the Alumni Fund, total $13,395.00. In addition, President Groves reported an emergency appropriation from the ?rbsbyterian Board of Christian Education of Philadelphia of $3,500.00, making the total of such gifts from individuals and the Presbyterian Board of Christian Education $16,895.00. Vice-President Stewart reported on the tenth annual alumni fund drive, stating that to date from 491 individuals $16,433.50 has been received in cash and $1,224.50 in pledges, making a total of $17,658.00. This means that an additional $7,342.00 should be raised between now and June if the goal of $25,000 is to be attained. Last year 589 individuals from among the alumni contributed $18,292.00. The total of the fund at the end of the year was larger than this by reason of the addition of some gifts from non-alumni. This year only alumni gifts have been counted. It was pointed out, therefore, that the results thus far are rather encouraging. President Groves reported as follows concerning his conference with Mr. Amos Gregory, executive secretary of the Kresge Foundation. Cash Received and Paid by College since Conference with Mr. Gregory, Feb. 19, 1950 From Forward Program From Alumni Fund From Sale of Tickets Gift of Class of '99 Special Gifts Old Alumni Fund Securities Old Alumni Fund Cash Balance Indebtedness Retired by Alumni Gifts and Others Total $10,207.66 10,000.00 2,106.00 636.00 4,000.00 1.899.07 457.37 20.195.32 $99,U99.92 Omissions in Completion of Building A. B. Base Contract Plumbing Contract 20,287.00 11,200.00 31,487.00 ��41 Saving of Pace Contract over against Rommel Contract Total 18,267.00 99,253.42 Estimate from Trimble Estate 95,000.00 Kresge Conditional Gift 25,000.00 Grand Total 219,253.42 • President Groves pointed out to Mr. Gregory that by applying the estimated receipts of $95,000 from the Trimble Estate the college would have fulfilled all the conditions laid down in the letter of May 23, 1950, of the Kresge Foundation which announced "a conditional grant of $25,000 to Centre College toward the cost of completion of the physical education building conditional upon raising approximately $185,000 from others in contributions to provide the necessary funds for completion of present construction" with the exception that the estimated $31,487.00 in constructions originally considered a part of the $185,000 needed would be omitted for the present. President Groves urged that this exception be allowed in view of the fact that the building is completed as far as the college plans to complete it for some time and is in use and that the college in view of the present very serious difficult emergency (1) needs to clear off the Indebtedness which at the present time amounts to $124,375.00 on the building as it now stands and (2) does not deem it wise to try to raise $31,487.00 needed to complete the building but rather needs to be free to apply all gifts for the next several years to help balance its operating budget. Mr. Gregory advised that on the receipt of the $95,000 from the Trimble Estate the presentation made in person to him and outlined in this be forwarded in a letter to the Kresge Foundation with a request for the conditional gift of $25,000. On request of President Groves, it was voted that he be permitted to join the Cosmos Club of Washington, D. C., the entrance fee of $50.00 and the dues for a non-resident member of $7.50 Per quarter to be charged to the president’s travel account. President Groves reported on the activity of Mr. Robert Fnsminger, director of college publicity. An exhibit of sone of the material recently appearing in various newspapers across the state and even outside was Presented. Several of the trustees commented on the good work which Mr. Ensmlnger is doing. The newly printed announcement of the summer school to open on June 11, 1951, was distributed. Adjournment. Elbert G. Sutcliffe Secretary ��Meeting of the Executive Committee May 11, 1951 The meeting was called. to order by the chairman, Dr. J. R. C owan* Prayer was offered, by President C-roves. Present were Messrs. Baker, Vachs, Herrmann, Miles, Jones, Logan Caldwell, and Dr. J. R. Cowan, and President Groves. It was moved and carried that the minutes of the Executive Com­ mittee meeting of April 20, 1951, be approved as printed. A report of the business manager, Mr. Fred Arnicar, was presented, and on motion it was voted that the report be received and filed. President Groves made a report of the very fine job which Mr. W. Ray Cobb, former vice-president of the Citizens fidelity Bank and Trust Company of Louisville, has been doing in the course of the past week in acquainting the students of the Department of Economics and Business Adminis­ tration with certain banking problems, and particularly with regard to the Federal Reserve System, of which Mr. Cobb possesses considerable knowledge. On motion it was voted that the trustees approve the following resolution and send it together with a further expression of deep appreciation to Mr. Cobb. The Board of Trustees, administration, and especially the members of the Department of Economics of Centre College of Ken­ tucky take this occasion to express their deep appreciation to Mr. ’•!. Ray Cobb for having given so generously of his time to travel from Louisville to present a series of three informative and stimulating lectures on banking problems to one of our classes in economics. Such lectures as those of Mr. Cobb are of inestimable value to our students who look forward to business careers in that they are enabled thereby to profit somewhat from the mature in­ sight and practical judgment of successful men of affairs. In the particular case of Mr. Cobb, they had a rare opportunity to listen to a man who is not only a successful banker but a sympathetic and skilful teacher. President Groves reported a unanimous vote of the Board of Trustees on the recommendations of the Committee on Honorary Degrees of those to receive honorary degrees at the commencement on June 3, 1951 * For the honorary decree of doctor of laws; Richard R. Deupree, chairman of the board of Procter and Gamble, and commencement speaker for June 3, 1951 * John H. Perry, publisher, and a former student at Centre College of Kentucky. I ��43 Tor the honorary decree of doctor of letters: Kiss Dorothy Hinitt, editorial staff of the Reader1s Digest, and a former student of the women1s division of Centre College of Kentucky. Samuel 3. Craig, superintendent of the Western Pennsylvania School for the Deaf, president for 1950-1951 of the Conference of Executives of American Schools for the Deaf, and a graduate of Centre College of Kentucky, Class of 1923. Tor the honorary degree of doctor of humane letters: Fred B. Wachs, editor, outstanding citizen in Central Kentucky, and trustee of Centre College of Kentucky. For the honorary/ degree of doctor of divinity: The Reverend Samuel Vander Meer, home missionary of the Presbyterian Church for the past twenty-two years at Morris Fork, Kentucky. President Groves reported the award of a generous fellowship by the General Education Board of the Rockefeller Foundation of Few York City to Assistant Professor Jack B. Kellam of the Department of Art which will enable Mr. Kellam to take a full year of study during the year 1951-1952. On motion it was voted to send to the General Education Board word of the appreciation of the trustees of Centre College of Kentucky for this award to Mr. Kellam and also to send to Mr. Kellam the congratulations of the trustees on this honor which has come to him and through him to the college. Mr. Sam Jones made a report on the negotiations with the West Virginia Pulp and Paper Company, out of which the company has expressed its desire to have Centre College of Kentucky undertake research work for them by the members of the Department of Chemistry. Mr. Jones read a letter from the company requesting that these arrangements begin as of June 1, 1951. In consideration of the work performed by the college under this agreement, the company shall pay the college $10,000 ($1800 for overhead, laboratory rent, utilities, and ordinary laboratory apparatus and materials, and $8200 for services of chemists) in five (5) installments as follows: $5,000 upon the execution of this agreement by the college; $1,500 on October 1, 1951; $1,500 on January 1, 1952; $1,000 on April 1, 1952; and $1,000 on May 1, 1952. On motion it was voted that President Groves be authorized to complete arrangements with the West Virginia Pulp and Paper Company in accord with the terms of their letter of May 3. 1951 * ��On recommendation of President Groves the following increases in salary were approved. Miss Dorothy Darnell, secretary to the president, increase of $100. Miss Darnell also teaches one class in English, for which she receives an additional $500 * Miss Darnell’s total salary is thus $2700. Miss Edith Adams, secretary to the vice-president, increase of $60, making her total salary $1930. Mr. Brice T. Leech, acting registrar, increase $110, making total salary $3,000. Mrs. Thomas P. Bright, housemother and assistant dietitian, increase $90 for work m women’s dining room to be charged against dining hall, making total allowance for this work $600 (which means room and board plus $90) and a bonus of $60 for Mrs. Bright for additional work during the year of Miss Sweeney’s absence. Total salary for Mrs. Bright will thus become $1360. Mrs. C. T. Sullivan, bonus of $60 for the year for additional work during the absence of Miss Sweeney, making total salary $2,010. Miss Burva Vfhitehurst, salary increase of $120 (making basic salary $1600) and a bonus of $150 during the absence of Miss Sweeney. Miss Whitehurst teaches one class in English, for which she also will receive $400. This makes Miss Whitehurst's total salary $2230. Mr. Paul Cantrell, salary of $3300 for eleven months, that is, for the year including one month’s vacation, for work as director of office of admissions and such instructional duties as are assigned to him. Mrs. J. T. Wilkinson, for teaching one class in applied art during the absence on leave of Mr. J. B. Kellam $600 to be paid over a period of ten months, beginning September 1, 1951 * It is understood that in addition for the summer months during the operation of the town workshop Mrs. Wilkinson will receive fees paid by students of this class in full. The additional honorarium over the $600 above mentioned for the town workshop during the academic year 1951-1952 is to be worked out in conference between Mrs. Wilkinson and President Groves. Dr. Hardin Craig has generously offered to Join the faculty again next year as a visiting lecturer, and it is suggested that he receive an honorarium of $200 for this work. (Dr. Craig has made a pledge of this amount as his annual contribution to the alumni fund.) Mr. William Hudson, Department of Music. Add $100 to make salary $2700. (This small increase makes Mr. Hudson's salary equal to that of other instructors.) ��Mr. Donald. E. Bartlett, Department of Philosophy and. Religion. Add $200, making total $3600, Mr. Bartlett will "be returning in September with his doctor1s degree so that this increase will bring him in line with other associate professors who are holders of the doctor’s degree. Mrs. Dorothy T. Cullen, Librarian. $3300. Add $200, making total salary Miss Tathleen Morgan, Assistant Librarian. salary $2,520. Add $120, making total Miss Ann Montgomery, assistant in the library. salary $1800. Add $120, making total It was voted that in view of the fact that Mr. William L. Crabtree, instructor in the Department of Physical Education, will be alone in the Department of Physical Education for the next year he be made acting director of the department with the rank of an assistant professor. It was also voted that though he be given no salary increase (his salary at present is $3300 per year) he be granted permission to take additional graduate work in physical education during this su er with no deduction in salary. The point of this action is that his salary originally was based on service for eleven months, that is, during the academic year and during summer school. His services probably will not be required during the summer, and he would like to continue his studies toward his doctor’s degree. In line with the recommendation made by the Executive Committee May, 19h-8, on the occasion of the leave of absence of Miss Sweeney during the year 19^8-19^9 and in line with the request of Miss Sweeney for a leave of absence for 1951-1952, which she finds absolutely necessary if she is going to complete her work for her doctor’s degree, the following resolution was voted: That the request of Miss Sweeney for a leave of absence for 1951-1952 be granted and that the college pay the full premium of Miss Sweeney’s teachers' insurance and annuity policy of $-19.8 4 *and allow her an additional $600 study allowance for the year 1951-1952. Both of these allowances, totaling $1,019.8 , ** are conditional upon the return of Dean Sweeney to the college in September, 1952. In the event that Miss Sweeney should not return, it is understood that Miss Sweeney will repay in full this $1,019.84 to the college. It was voted that the request of Mr. Walter R. Gattis, Jr., assistant professor in the Department of History and Political Science, for a leave for the year 1951-1952 to do work on his doctor's degree be granted. It was further voted that the college pay Mr. Gattis' teachers' insurance and annuity policy of $300 for the year 1951-1952 and that he be granted an additional $600 study allowance for the year 1951-1952. In the event that Mr. Gattis should not return to the college in September, 1952, it is understood that he will repay this $900 to the college. ��President Groves circulated copies of the petition recently pre­ pared for the Ford Foundation and stated that personal copies with approp­ riate letters have been sent to every officer, director, and trustee of the Foundation. Special mention was mE.de of the fine contribution of Mr. Lisle Baker, Mr. Henry McClaskey. Mr. Corneite, and Mr. Foonan of the Louisville Courier-Journal and of Mr. Henry McClaskey, Jr., and Mr. Zimmer of Zimmer-McClaskey, Advertisers. A summary of the petition is as follows. Summary of Finances Required to Meet the Specific Objectives of Centre’s Ten-Tear Program. 1. 2. 3. 4. 5. 6. 7. 8. Adequate Testing Program Evaluation of General Education Program Scholarships for Worthy Students Additional Faculty Special Research (including leaves of absence) Visiting Lecturers Resident Scholars and Artists Faculty Salaries Total $10,600 6,000 45,025 40,000 annually annually annually annually 11,000 annually 7,000 annually 3,000 annually 60,000 _ annually $182,625 annually The college is petitioning the Foundation to make an annual grant for the next ten years with the idea that this will strengthen the college and at the same time enable it to supplement its own finances in the inter­ val so that by efforts of its own at the conclusion of this ten-year period the college will be able to provide the expenditures involved in this strengthened program. The proposed budget for 1951-1952 together with recommendations on that budget as previously circulated by President Groves were taken under discussion. After consideration of everything involved, the 1 oilowing actions were taken. It was voted to increase the general, fee of the college from $450 to $500, this new fee to be charged in the college year 1951-1952. It was voted to give salary increases to members of the faculty of from four to five per cent for the year 1951-1952 to take care in some measure of increased costs of living. It was voted to approve a limited program for intercollegiate athletics as recommended in the previous report of President Groves, namely: Football (six-game schedule) add add Basketball add Baseball add Track add Tennis add Golf Total $4,095.00 1,950.00 800.00 515.00 260.00 235.0Q 8,355.00 ��These estimates do not include training table, nor awards of any kind such as jackets, sweaters, or emblems, nor any banquets- It was voted tc keep Plan III under "Administration and General Expenditures'1 as indicated in the recommendations circulated by President Groves, which plan means chat the office of vice-president, the director of publicity, and present alumni office staff will be continued with modifications and economies to be effected by the president and the business manager in consultation with the different officers of administration. It was voted that President Groves and Mr. Arnicar, college business manager, in consultation with representatives of the frater­ nities, try to work out arrangements whereby it will be possible to keep fraternity houses open during the next year. The understanding of this recommendation is that some means will have to be found to reduce the deficit of $16,000 now estimated in the budget for 19511952 should fraternity houses be continued as they have been operated for the past two years. It was voted to recommend to the full Board of Trustees at their meeting on June 2, 1951, that the office of vice-president be maintained and that Vice-President Stewart be invited to continue the good work which has been begun under his direction. This action was taken on the understanding that President Groves would counsel with Vice-President Stewart as to what the Board of Trustees feels to be necessary for the continuance of the office of vice-president and public relations after May 31, 1952. It was moved and carried that the June meeting of the Executive Committee be held in the president’s office Saturday, June 2, at 9:00 a.m., Central Standard Time, and that the meeting of the full Board follow this preliminary meeting of the Executive Committee and to be held at 10;00 a.m. Central Standard Time, Saturday, June 2. Adjournment. Logan Caldwell Secretary pro tem ��The following preliminary report on the tenth annua'. alurnialumnae fund received from Dr. Stewart is appended for the information of the Board of Trustees, Preliminary Report on the 10th Annual Alumni-ae Pund May 11, 1951 No. of Contributors Cash Total Pledged To date, 1951 576 $18,313 $1,212 This date, 1950 533 16,340 1,961 * $19,525 18,301 ♦The above amount includes two (2) $2,500 gifts from alumni of the college. BREAK-DOWD, THIS DATE Cash Donors Cash Men. . .354 Women. .157 Totals 511 $15,925 2,388 18.313 Pledge Donors 51 14 65 Pledged $967 245 1,212 Total Donors 405 121 576 Total Gifts Avera Gift $16,892 2.633 19,525 $41.70 15.40 SU14MARY TO DATE Goal Cash and Pledges to date $25,000 19,525 5,475 Total gifts to 9th Fund $20,666 needed to attain goal ��Report of the Trustees’ Committee on Buildings and Grounds June 1, 1951 In view of the very serious and extensive weather damages during the past year, we, to make this report less "bulky, are confining it to what we feel are principles and are omitting details almost entirely. Exteriors A. In general, the buildings and grounds as seen from the ground are in fine shape. B. Roofs are in many cases in bad condition. The hard freezes and thaws and ice loads on flat roofs backed the water up under the roof from gutters filled with ice and caused damage to ceilings and inside walls and floors. C. Breezing and thawing around foundations has raised the outside water to above normal heights, which then percolated through foundation walls damaging plaster and paint. D. The extremely tight freezes have lifted paint wherever exposed andhave accelerated the paint's deterioration by some years. E. The roads and walkways also suffered frost damage above normal. 1. 2. 3. U. 5. In addition to the normal dulling and soiling of paint and decorations which always require freshening up if we are to keep the good will of our faculty family and students, tho roof leaks have left a trail of falling plaster, loose paper, and scabby paintThere are several places where the floors could be materially helped by some attention, but not many of these are immediately necessaryThe lighting in general is well kept up. There are places such as the men’s chapel, which is probably most often seen by visitors, that could be made to give a better impression. Power applications should be examined because tho price per unit is high, and it may be found that the return on investment will wipe out cost in a matter of two or three years. Heating always brings unhappy memories of fuel bills. Now with natural gas available, it will in many cases be found economical in actual fuel costs plus intangibles such as reduced decoration costs, reduced operating labor, more uniform control, and space saved. Where reliable figures are available, studies can be made that will measure the savings that may be expected. ��50 6. 7. When the city’s increased, demand, for water is satisfied by more and larger services, the cost per 1,000 gallon is sure to rise, in fact, can well double. It is reported that we now have over 1300 water outlets, not including leaks. The cost of water then will in its own right demand attention. The secondary cost due to damage to property, of which we have some serious examples, is not small. These would justify close attention to the providing of some one man whose responsibility should be the maintenance and control of water and other piped fluids. Regardless of how many drawings and engineering notes we may have, nothing can take the place of a man familiar with the piping layouts. This brings us to one of our most serious problems, that of providing a successor for Mr. Steiger. Last year he men­ tioned his increasing years, the increasing size of his layout, and expressed the opinion that someone should be coming along then as his successor. This year he again brought up this question with more insistence on its importance. General BMW In making our rounds, we found everyone helpful and fully appreciative of Centre’s problem. There was no great pressure for a lot of new things, and wherever general repairs were being considered a spirit of compromise was evident. The building of the new fraternity house may have unexpected returns in the stiffening of the morale of the other boys, for they have done a lot of improving in which they have made both material and labor contributions. The perpetrators of this report recognize its verbosity and its generalities, but they feel that the detail problems can be met as they arise, provided a general course is determined and available. There is an ancient simian proverb that says: The rich pay two and one-half per cent interest per year. The not so rich pay two and one-half per cent interest per month. Sam B. Jones, Acting Chairman Amelia R. Yerkes J. J. Steiger ��Meeting of the Executive Committee June 2, 1951 The meeting was called to order by the chairman, Dr. J. R. Cowan. Present were Dr. Cowan, Messrs. Logan Caldwell, Lisle Baker, Ike Lanier, John M. Van Winkle, Sam 3. Jones, Bred B. Wachs, Elbert G. Sutcliffe, Drs. Robert W. Miles and Jesse Eerrmann, and President C-roves. Dr. Groves reported a request from the Board of Education of the City of Danville for the use of ten to twelve rooms on the women’s campus for the pupils of the Broadway School while construction of the new school is under way. After discussion it was voted that a special committee com­ prised of Dr. J. R. Co’-ran, l.iss Amelia Yerkes, and President Groves meet with the members of the Danville School Board on this matter with authority to act on the understanding that the power of the committee was limited to offering to the school board no more than the space now occupied by the members of the fifth class of the Broadway School. President Groves recommended the employment of Mr. Robert Ensminger of the Class of 1943 as full-time alumni secretary, Mr. Ensminger also to continue his responsibilities as director of publicity, which he has been carrying on so adequately for the past several years. It was moved that Mr. Ensminger be employed subject to the approval of the Board of Directors of the Alumni Association of Centre College of Kentucky at a salary of *3,000 a year, the new assignment to begin on June 15, 1951» (The Board of Directors of the Alumni Association has since approved of this appointment, but have recommended that the salary be $3,600 a year.) On the recommendation of Dean Jameson Jones and of President Groves, it was voted that Dr. Arnold Bruce Come, acting head of the Department of Philosophy and Religion, be made head of this department at a salary of $3,900 a year for the academic year, the new appointment to be dated as of September 1, 1951. President Groves reported for the business manager the following recommendations for changes in the current operational budget of the college of 1950-1951 to bring the budget in conformity to the present situation. 1. That the item of receipts from church boards and churches be changed from $11,150 to $18,650. This change means a change in the total Income budget of $7,500, making this item read $586,351.86. 2. On the expenditure side, that the budget for the office of vicepresident and college promotion be decreased by $500 due to savings in printed matter, making this budget $18,846. 3. That in view of the fact that Mr. Ensminger vias continued on the college staff after March 1 it is necessary to increase the budget in the publicity office to include his salary for the remainder of the fiscal year, and therefore that this item be changed from $2,716.55 to $3,950. �•■• ■r- ......... ■ ....... . ' r . . ■ ■ . �4. That due to added activity in the alumni office and the office of student promotion for men the "budget for this work he changed from $10 * 135.58 to $11,452.91. 5. That due to the addition of expenditures for old age social insurance as approved by the Board, of Trustees earlier in the year, the item for "general expense" be changed from $7,760 to $9,580. 6. That due to the above changes the total cost of "administration and general expense" be changed from $91,403.39 to $95,273.87. 7. That the item for scholarships and grants-in-aid be increased from $35,590 to $36,465.40. 8. That due to the above changes in expenditures the grand total for expenditures be changed from $622,175 * 93 to $626,921.81. 9. That in view of all of the above changes in income and expendi­ ture the operating deficit be changed from $43,324.07 to $40,569.95. On motion all of the above recommended changes were approved. President Groves reported on the visit of Mr. and Mrs. William T. Semple (Mrs. Semple is the daughter of Charles P. Taft, Sr., deceased) and their proposal for the continued employment of Mr. Herbert Pryor, the father of Mrs. Castleberry, recently deceased, as a member of the faculty at a salary of $3,600 a year in order to enable Mr. and Mrs. Pryor to qualify for old age social insurance benefits. After full discussion it was voted that Mr. Pryor be employed as assistant professor of sociology from June 1, 1951, through July 31, 1952, at the above-mentioned salary, with the understanding that one-half of this amount w&u&r be contribute^ b Mr. and Mrs. Semple. It was further understood that President Groves shou write a full letter of explanation to Mr. and Mrs. Semple, accepting their generous offer of assistance, but at the same time requesting further help from them with the anticipated operating deficit of the college for the year 1951-1952. On recommendation of President Groves, the following increases in salaries of faculty members for 1951-1952 were approved. Salary 1950-51 Jones, Jameson (^-) McMullen, C. B. Sash, Richard I. (3/4) Cochran, T. E. Enott, J. P. Hobinson, W. J. Cook, E. W. Hltchie, E. Salary 1951-52 $2500 $2625 4000 3900 3900 3900 3900 3900 4000 3900 4100 4100 4100 4100 Increase $125 J- to administration See Note #2 200 200 200 200 ��Salary 1950-51 Hodgkins, A. R. Heck, 3». H. Steere, D. Vaughan, A. G. Hazelrigg, C. T. Come, A. B. Craig, H. (J) $4000 3800 3800 3900 3800 3700 Salary 1951-52 $4200 4000 4000 4100 4000 3900 250 Increase $200 200 200 200 200 200 new Moon, Emma Heffelfinger, C. Sweeney, Mary Walkup, J. (j) Misch, C. Bartlett, D. E. Aden, John Cullen, Dorothy T. Loetscher, F. W. Hill, W. T. 3300 3400 1900 3700 3500 on leave 3400 3100 3400 3400 3500 3600 600 1850 3700 3600 2600 3300 3600 3600 200 200 See Note #1 See Note #2 200 200 200 200 200 200 Ellis, R. Kellam, J. B. Gattis, W. R., Jr. 3500 37OO on leave 900 200 See Note #1 on leave 600 1050 See Note #2 3000 1300 Cheek, Mrs. Ruby (v) Couey, Mrs. Ann (£) 6oo Cooper, Miss Dorothy ( i-) 2100 White, C. M. (0) Darnell, Dorothy (■£) 500 Cantrell, Paul (|) 2800 Ling, Dwight 2800 McDowell, W. B. 2600 Crabtree, W. L. 3300 Hudson, W. E. 2600 2700 Bradford, Marjorie 400 Whitehurst, Burva (■ £ *•) Wilkinson, Mrs. J. T. (i) Phys. Ed. 2600 Note ■ ote Note Note #1 #2 #3 #4 500 administration 200 3000 200 2800 See Note #3 3300 200 2800 2700 400 new 600 See Note #4 2500 On leave, receiving $600 study allowance plus 10$ for TIAA. Salary supplemented by West Virginia Pulp and Paper Company. 1950-1951 salary for 11 mos. 1951-1952 same salary for 9 mos. New instructor will replace Mrs. Marjorie Smith Arnold. On recommendation of President Groves, the following increases in salaries of members of the administration were approved. Salary 1950-51 Groves, W. A. Stewart, C. M. Jones, J. m. $7500 8000 2500 Salary 1951-52 $7500 6000 2625 Increase ($2000) decrease $125 ��Salary 1950-51 Arnicar, Fred Leech, B. T., Jr. Allen, Mrs. N. H. Caldwell, L. Barnes, J. K. Steiger, J. J. Salary 1951-52 Increase $4000 2790 2800 1500 1200 3000 $4200 3000 3000 1500 1200 3200 $200 210 200 Darnell, Miss Dorothy Adams, Miss Edith Moore, Mrs. Anna Whitehurst, Miss Burva Ensminger, Robert Madden, Fred Morgan, Miss Kathleen Montgomery, Miss Ann Aldridge, Gene Baynes, William 2100 1920 1860 1500 2800 2100 2400 1680 2400 2283 2200 1980 1920 1830 3000 2100 2520 1800 2520 2400 100 60 60 330 200 Cantrell, Paul Sweeney, Miss Mary Sec’y Dean's Office Sec'y Admissions Office Bookkeeper Bus. Office Tel. Operator 2800 1900 1440 2040 1860 1200 3300 419.84 1800 1800 1800 1200 Note Note Note Note #1 #2 #3 #4 200 Note #2 120 120 120 112 500 Note Note Note Note Note Note #3 #1 #4 #4 #4 #4 On leave. $419.84 represents full TIAA premiums. Increase equals $180. Bonus for added work equals $150. Salary simply changed from 9 mos. to 11 rooe. basis. These are estimates. New people must be employed. President Groves read a letter from Mr. Thomas Graham of Louisville suggesting that the trustees of Centre College of Kentucky might wish to file an amicus curiae brief in the pending contract case of the Male High School of Louisville, Kentucky, before the Court of Appeals of Kentucky. It was voted that Mr. Graham be informed that the trustees of Centre College of Kentucky are not interested in filing such an amicus curiae brief and that President Groves be instructed to write Mr. Graham accordingly. Mr. Logan Caldwell as chairman of the Finance Committee of the Board of Trustees reported on the meeting of the committee of June 1, 1951 * and recommended for the approval of the Executive Committee the following actions of the Finance Committee. 1. That the college dispense with the services of Mr. John K. Barnes as financial counselor of the college, the date of termination to be determined after investigating the date of the current agree­ ment with Mr. Barnes. ��2. That at the termination of the services of Mr. Barnes the college employ the United. States Trust Company of Few York City as its investment counselor subject to the terms in the letters of May 1, 1951, and. June h, 1951, of Mr. Ferdinand. C-. Von Kummer, vice-president, cf the United. States Trust Company to Mr. Logan Caldwell. (Mr. Baker, Mr. Van Winkle, and Mr. Sutcliffe voted in the negative on this recommendation.) 3. That the treasurer of the college be authorized to negotiate the sale of the Texas farm property at Hillsboro, Texas, the college to retain full mineral rights. 4. That the treasurer be authorized to sell the remainder interest of the college in the residential property at Parsons, Kansas. • 5. That the treasurer be authorized to sell the Yowell House at 545 West Main Street at a reasonable price with the understanding that the college would retain whatever portion of the lot to the rear of the house the treasurer deemed advisable. 6. That the treasurer be authorized to invest in real estate mort­ gages up to a total investment of $600,000 of the endowment fund. The above recommendations were considered seriatum, and on motion each was approved. Mr. Lop;an Caldwell as treasurer made a report on the settlement of the Fallis bequest for the establishment of a scholarship for a student for the Christian ministry from a certain section of Boyle County, Kentucky. Adjournment. Elbert G. Sutcliffe Secretary ���56 Meeting of the Board of Trustees June 2, 1951 The meeting v/as called to order by the president, Dr. J. R. Cowan. Prayer was offered by Dr. Jesse Herrmann. Present were Messrs. Nevin, McDowell, Lanier, Baker, Van Winkle, Van Antwerp, Noe, ’achs, Jones, Wiseman, Logan Caldwell, Sutcliffe, Joplin, Drs. Cowan, Herrmann, and Miles, Miss Yerkes and Miss Poynter, and President Groves. Excuses were recorded from Messrs. Lee, Vinson, Frank Caldwell, W. P. Caldwell, and Wallis, and were approved. The minutes of the meetings of the full Board of November 3, 195O» and January 19, 1951 and the minutes of the Executive Committee meetings * of December 15. 1950 February 16, March 16, April 20, and May 11, 1951» * were approved as printed and circulated. President Groves reported that a letter had been sent to every student, both new and old, as well as the parents of all students, announcing the previously approved increase in the general fee of the college from $^50 to $500. On motion it was voted that the report of the Board of Overseers prepared by Mr. Ben Cregor, retiring president, and the minutes of the Board of Overseers’ meeting of April 25, 1951. be received and filed and that President Groves be instructed to express for the Board of Trustees and the administration their appreciation to the Board of Overseers for its fine interest, conscientious work, and good recommendations with regard to the work of the college. In line with the recommendations of the Board of Overseers, the following actions were approved by the Board of Trustees. That the recommendation concerning the authority of the president of the college be referred to the trustees’ committee on college executive and administrative functions for study and report and that at the same time a letter shouM be sent to the Board of Overseers pointing out to them that in accordance with the present charter "the management and control of the college shall be vested in the Board of Trustees.” That the recommendations concerning advertising and publicity be referred to the president of the college for study and recommenda­ tion to the Board of Trustees, and that the president also report to the Board of Overseers that the college plans to continue Mr. Robert Ensminger as alumni secretary and director of publicity and that everyone agrees that the job which he has done for the college is an excellent one and should be continued. ��That the recommendation concerning the work of the vice-president be referred to the trustees’ committee on financial promotion to see whether or not anything in addition to the very fine program of church visitation and promotion now under the direction of Vice-President Stewart might be improved. That concerning the recommendation on intercollegiate athletics it be reported to the Board of Overseers that the trustees have taken into consideration the observations of the Board of Overseers and therefore plan to carry on a limited program of intercollegiate ath­ letics for 1951-1952. That with regard to the recommendation concerning cuts in administration it be pointed out to the Board of Overseers that this matter has been under serious consideration by the Board of Trustees for the past several years and that as the result the administrative budget for 1949-1950, which was $112,652.83, was cut in the initial budget of 1950-1951 to $100,573-60 and the present tentative budget * for 1951-1952 plans to cut these expenditures even further to $92,461.21. It was recommended that it be pointed out to the Board of Overseers that further cuts beyond this last figure can be realized only if present promotional and publicity work is seriously curtailed and student promotion is also limited over the present program or dropped entirely, and that the dean and registrar’s offices, the business manager’s office, and the president’s office are now operating with a minimum personnel and expenditure. That with regard to the recommendation for inviting successful busines people to the campus the trustees welcome every suggestion from the Board of Overseers of successful business people who should be invited to the campus to address and meet the students of the college, taking into due account the need of college students for men who are both authorities in their fields and also possessed of that rare gift of being able to hold student attention. In this connection, the Board of Trustees is very happy to report to the Board of Overseers the very successful visit of Mr. W. Ray Cobb, formerly executive vice-president of the Citizens "'idelity Bank and Trust Company of Louisville, who gave a series of three excellent lectures to the class in Money and Banking, this invitation to Mr. Cobb having been extended on the recommendation of Mr. Cregor, past president of the Board of Overseers. That other items contained in the report of the Board of Overseers be referred to the president of the college for his consideration and implementation. The report of the president previously circulated was reviewed, on motion it was voted to receive and file this report. ��The members of the Board, of Trustees having previously received, the full reports of the dean of the college, Dr. Jameson M. Jones, the dean of women, Miss Mary Sweeney, and the vice-president of the college, Dr. C. M. Stewart, on motion it was voted, chat each of these reports be received and filed, and that individuals concerned be commended for the good report in each instance. President Groves reported on the tentative budget for 1951-52 prepared by Mr. ’"red Arnicar, the business manager, and himself, which shows a total estimated income of $526,484.77 and a total expenditure of $540,856.53, leaving a deficit in accordance with the present tentative budget of $13,371.76. President Groves made it clear that the present budget has certain weaknesses, the primary one being that of enrollment expected for the year 1951-1952. On motion the report on this budget was received and filed. On the recommendation of the faculty of Centre College of Kentucky, the following were approved to receive the undergraduate degree of bachelor of arts. Women’s Division Betty Lee Arnold Katherine McAfee Durham Elizabeth .’.rrowood Edith Louise McClure Mary Jo McGuire Placida Mary Brazinski Marjorie Benton Mullins Jane Ritchie Dougherty Mary Louise Murphy Montie Hankle Frazer Bettye Sue Parks Anne Hawes Joan Ray Joan Valerie King Marguerite Phyllis Rebban Eleanor Mary Lawrence Lentini Sparks Helen Roberta Layton Bessie Ruth Thompson Elizabeth Callihan Lewis Rosemary Thurman Men’s College John Milton Acton Michael Ahern Malcolm Jordan Babbin Camden Thomas Beasley David Walker Beggs James Robert Bergman Arturs Berzkalns Edwin Clark Brammer, Jr. Bennett F. Bratcher Adolph D. Brazinski Sammie Burns Harry Leigh Push, Jr. John M. Caldwell Takis CarayIannis William Malcolm Cochran Frederic R. Dawe Morton B. Downs Eugene E. Duffy Albert W. Fields John Wiseman Frazor Herbert S. Goloff Bruce DeWolfe Harvey Rutherford Bernard Hayes, Jr. Robert F. Hill Arthur Lawrence Hirmann Joseph A. Hubert Daniel Dennis Hutchison Ted Lewis Iglehcart Graden Richard Jarvis John Curtis Keenon Robert Haynes Kelley Ralph D. Kinnaird, Jr. ��59 Robert Rosa Kirkpatrick Marion Korstanje, Jr. Gary Melvin Kramer Benjamin Turner La Master Joseph C. Leech Charles Woodford Long John Robertson Low Joel R. MacKay E. H. McGuire, Jr. Abner B. McMaster Harry A. Marsh, Jr. Ernest ILarold Meadors Donald Paul Miller Robert Norton Hinich James Robert Mitchell Thomas Alexander Neely Arthur Evan Overstreet Ormond Charles Pailthorp Charles Edward Dennis D. Pruett Henry Franklin Pryse John Davidson Rhodes, Jr. John Proctor Riggins Robert McDowell Rodes Edward Charles Rosenzweig J. David Scott, Jr. Thomas Lee Seward Paul J. Stamm Donald James Tasley Donald Davies Walker John Collins Walters John Ellis Webb James Franklin West Bennie Howard Williams Richard Taliaferro Wilson Sidney Robert Wold James Mertins Wolfe Wright The following degrees were approved pending completion of course in summer school, 1951! William Malcolm Sims Tom Snellgrove Martha Judge Sims Marie Louise Widmer Kearney Buell Daniel, Jr. Lewis C. Dunn Casim E. 01wan Rupert Hays Rice Mr. Sam Jones reported for the trustees’ committee on buildings and grounds in place of Mr. W, P. Caldwell, chairman of the committee, who is confined home on account of illness. Their report, which is attached to these minutes, was read and on motion received and filed. President J. Rice Cowan reported the following committees of the Board of Trustees for 1951-1952, Cowan, Mr. Sutcliffe (secretary), Herrmann, Mr. Wachs, Mr. L. Caldwell, Baker, Mr. Van Winkle, Mr. Lanier, Miles, Mr. Jones, Mr. W. P. Caldwell Executive Committee Dr. Dr. Mr. Dr. Finance Committee Mr. L. Caldwell, Mr. Baker, Mr. Lee, Mr. Lanier, Dr. Cowan Buildings and Grounds Committee Mr. W. P. Caldwell, Mr. Nevin, Mr. Jones Miss Amelia Yerkes Budget Committee Mr. Lanier, Mr. Wachs Financial Promotion Committee Mr. Sam B. Jones, Mr. Baker, Mr. Lanier, Mr. McDowell ��Committee on Fraternities Physical Education Building Committee Mr. Joplin, Mr. L. Caldwell, Mr. Van Winkle Mr. Jones, Mr. L. Caldwell, Mr. Nevin Committee on Athletics Committee on Honorary Degrees Committee on New Trustees Mr. L. Caldwell, Mr. Van Winkle, Mr. Van Antwerp, Mr. Joplin, Mr. Campbell Mr. Van Antwerp, Mr. Joplin, Dr. F. Caldwell, Miss Poynter Dr. Cowan, Mr. Sutcliffe, Mr. Baker President Groves reported the enrollment situation from the office admissions of the college as follows: Enrollment Statistics for June and September, 1951, as of May 30, 1951 MEN Accepted for September Pending for September Total 20 13 33 33 7 5 12 Accepted for June Pending for June Total 12 45 Total applications from men 45 WOMEN Accepted for September Pending for September Total 49 ___ 2 58 58 Accepted for June Pending for June Total Total applications from women 2 1 3 ___ 1 61 61 106 GRAND TOTAL Withdrawals and rejects (not included in above figures) Men Women Total 12 ��61 President Groves reported on progress with the abbreviated football schedule for the season of the fall of 1951. The report indicated that the schedule of six games will probably be attained. President Groves reported on the plans to keep fraternity houses open during the coming year, and two members of the Interfraternity Council of the student body, Mr. Robert Kelley and Mr. John Frazer, were given permission to present the point of view of the fraternity members with regard to this proposal. After full discussion it was agreed that the attempt would be made to lower the announced room rent of $90 per semester by having students take care of their own maid service. When the students understood the plan for the operation of the men’s cafeteria, they also reported that they felt that the Interfraternity Council would cooperate fully. It was moved and carried that the report of President Groves on the plan to continue the operation of the fraternity houses be received. It was moved and carried that the office of vice-president be continued in accordance with the recommendations and action of the Executive Committee at its meeting on May 11, 1951. Committee #1 nominated the following trustees for the Class of 1955: Dr. J. R. Cowan, Mr. Sam B. Jones, and Mr. Ike Lanier. Committee #2 of the trustees nominated the following trustees for the Class of 1955: Dr. Robert W. Miles, Mr. Elbert G. Sutcliffe. On motion the above-mentioned recommendations were approved, and the men mentioned were elected to the Board of Trustees, their term to expire June, 1955• The directors of the Alumni Association of Centre College of Kentucky nominated Mr. Don Campbell of Lebanon to be the alumni trustee in the Class of 1955. It was moved and carried that Mr. Don Campbell bo made the alumni trustee to represent Committee #3 In the Class of 1955. Committee #1 also recommended Mr. Norris Armstrong to fill the vacancy in the group of trustees whose term expires in June, 1952, this vacancy brought about by the resignation two years ago of Dr. Robert von Thurn. It was moved and carried that Mr. Norris Armstrong be elected as a trustee of the college of the Class of 1952. The Board adjourned to the dining hall of the men’s cafeteria for lunch and photograph. Adjournmont. Elbert G. Sutcliffe Secretary ��Meeting of the Executive Committee July 13, 1951 The meeting was called to order by the chairman, Dr. J. R. Cowan. Prayer was offered by President Groves. Present were Messrs. Logan Caldwell, Ike Lanier, Sam B. Jones, Lisle Baker, Fred 3. Wachs, William P. Caldwell, Howard Van Antwerp, Jr., and Chief Justice Vinson, and President Groves. Mr. Fred B. Wachs was appointed acting secretary. On motion the minutes of the meeting of the Executive Committee of June 2, 1951, were approved as circulated. The report of the business manager, Mr. Fred Amicar, for operations ending June 30, 1951, was heard, and, after discussion, on motion the report was received and filed. After a statement concerning the cash position of the college by President Groves, in which it was brought out that the college has borrowed to the limit from both banks in Danville, namely, $20,000 from the Farmers National Bank and $20,000 from the Citizens National Bank, and after it was further emphasized that there were bills outstanding amounting to $13,000 with salaries amounting to an additional $15,000 due on August 1, it was voted that the business manager be authorized to borrow an additional $10,000 for the time being and that in the interval the business manager and the treasurer of the college work out ways and means of paying bills and salaries due until such time as Income would enable the business manager to repay amounts borrowed. The discussion on the above motion brought out the reasons for tho present situation as (1) the operational deficit for 1949-1950 of more than $40,000, (2) the anticipated operational deficit for the current year of another $40,000, and (3) the fact that mid-summer cash income is always at its lowest in the course of the fiscal year of the college. It was further brought out that unless consider­ able Improvement in the cash situation of the college is realized between July 14, 1951, and June 1, 1952, a similar situation will arise in the summer of 1952 at a date considerably earlier than mid-July. President Groves reported the receipt of $1,000 from the executors of the estate of Mrs. Mary Louise Van Winkle Newberry for the Women's Department of Centre College of Kentucky. On recommendation it was voted that $500 of this be used for furnishings in a parlor in the women’s dormitories, the room to be a memorial to Mrs. Newberry, and $500 to be used for the operational budget of the college. Mr. Wachs made the report for the Budget Committee, in which the committee approved the tentative budget for 1951-1952 submitted by the business manager and the president of the college (see copy attached) and also recommended that the college audit for the present year be done by Hifnor, Fortuno, and Potter of Lexington. Kentucky, on the understanding that they would begin work on or about September 10 and complete the audit by mid-October, and that further the business manager be Instructed to notify Yeager, Ford, and Warren of this change in auditor for the present fiscal year. ��-2- 63 It was moved and carried that Hifner, Fortune, and Potter of Lexington, Kentucky, on the recommendation of the Budget Committee, "be engaged as the college auditors for auditing the books for the year 1950-1951. On the recommendation of the treasurer, Mi Logan Caldwell, it was moved . * and carried that President Groves be given authority to sign the deed of sale and any other papers incidental to the sale of the Texas farm te C. Stubblefield for $12,320, on condition that “there shall be excepted from the deed and reserved unto the Seller, its successors and assign , * forever, all of the oil, gas, casing­ head gas, gasoline, coal, gold, sulphur, and all other minerals, in, on or under, or that may be produced from, tha above described pro^eufcy, together with the right to take all usual, customary, or convenient means of deploring, mining, drilling, producing, storing, treating, removing and marketing saivo, and the right of ingress and egress at any and all times for any and all of suck purposes. The property will be conveyed to the Purchaser subject to existing leads and highways and ease­ ments for utilities.” On recommendation of the treasurer, Mr. Logan Caldwell, it was voted that President Groves be given the authority to make necessary arrangements with several recommended real estate firmt for the sale of tfce Barry property located at 3118-3130 North Clark Street in ijhicago and also to gign the deed of sale and any other papers incidental to the sale of this property at xhe best possible price. It is understoed that in all these arrangement!? President Groves shall also have written authority from iflss Sarah and Miss Lucy Peet, co-owners of this Barry property. It was voted that the general fee for the summer session beginning the summer of 1952 for eight semester hours or more of study be $150. It was voted that for individual credits either during the academic year or during the summer session f>r work of less than eight semester hours the fee be $18 per semester hour. It was voted that tac business manager be authorized to pay to Ora Baker, widow of John Baker, college janitor for more than thirty years, $75 aa a contribu­ tion to the cost of John Baker's funeral. (John Baker received a pension from the college during the two years of his illness prior to his geath.) Mr. Howard Van Antwerp made a report on conferences with Mrs. Lon Rogers and Mr. LeWright Browning, attorney for Mrs. Rogers, in ccnnection with the Rogers Educational Trust. Mr. Van Antwerp indicated in his rep01 that the trustees for ; * the fund are setting aside a sum of $6,000 a year for the fiext four years to be designated for loans to students approved by the trustee in accordance with the terms of the will of Mr. Rogers. Mr. Van Antwerp reported that while the situation is not as encouraging /or scholarship assistance to students as it was thought to be several weeks ago, nsnotheless progress is being made which will enable worthy young men to realize the benefits of these trust funds. It was moved t|iat Mr. Sam B. Jones be given a special vote of thanks by the Board of Trustees f«r the fine work which he did in negotiating the research contract for the colleg> with the West Virginia Pulp and Paper Company. ��President Groves made the following report on the enrollment situation for September, 1951 * Applications Received Men: To second Friday in July, 1950 To second Friday in July, 1951 102 53 Women: To second Friday in July, 1950 To second Friday in July, 1951 97 71 Total To second Friday in July, 1950 To second Friday in July, 1951 199 124 Arrplicat ions Accepted Men: To second Friday in July, 1950 To second Friday in July, 1951 82 46 Women: To second Friday in July, 1950 To second Friday in July, 1951 83 69 Total To second Friday in July, 1950 To second Friday in July, 1951 165 113 It was pointed out that the women’s dormitories are filled at the present time and that on the basis of present enrollment prospects the number of 160 anticipated for the Women’s College will be attained. It was also pointed out that there was a slightly improved situation over several weeks ago in the pre-rogistration of men students, though it is still doubtful whether the quota of 200 men will be obtained for September, 1951» (See report at end of these minutes.) The chairman, Dr. Cowan, reported on the letter of resignation from the Board of Trustees of Mr. Elbert G, Sutcliffe, and after considerable discussion it was voted that the chairman. Dr. Cowan, and the president of the college be author­ ized to write a letter to Mr. Sutcliffe incorporating the following resolution: Resolved that the Executive Committee of the Board of Trustees of Centre College of Kentucky express its profound regret that Elbert G. Sutcliffe has tendered his resignation as a member of the Board of Trustees. And be it further resolved that the Executive Committee hereby takes official notice of and expresses its sincere appreciation for the capable, untiring, and unselfish services which Elbert G. Sutcliffe has rendered to Centre College during the sixteen years which he has been a member of the Board of Trustees. His services have consisted not only of his membership and full participation in the Board of Trustees but also of his activities in the Executive Committee and numerous sub-committoes. It is the con­ sidered opinion of this Executive Committee that his resignation would not only constitute a serious and damaging loss to Centro College but also that it would deprive the members of the Board of Trustees of the i ��65 I I very pleasant association and. companionship which they have enjoyed in working with him for the common cause. I And be it further resolved that this Executive Committee reluctantly and sorrowfully refers this matter to the next full meeting of the Board of Trustees with the hope that Mr, Sutcliffe’s Relationship with Centre College of Kentucky will not be severed. The president of the college urged that the Executive Committee reconsider its previous action depriving Dr. C. M. Stewart, vice-president of the college, of the privilege of attending the meetings of the Executive Committee and the Board of Trustees. After discussion, on motion by Mr. Ike Lanier, seconded by Mr. William P. Caldwell, it was voted that Vice-President Stewart to invited to attend the meetings of the Executive Committee and of the full Board of Trustees of Centre College of Kentucky. Fred B. Wachs Acting Secretary P. S. 1. A letter dated July 3, 1951, has been received from the EGA office asking if Centre College of Kentucky could take 20-80 '’special” students from ECA countries for one year. Correspondence on this matter is now in progress. This letter was marked ’’confidential.” 2. Mr. Walter R. Gatti”. Jr., assistant prof 3?sor of political science, now on leave, has been awarded a fellowship from the directors of the Ford Fund for the Advancsnent of Education which may amount to as much as $3,000. This pranuveiacnt is still ’'conf’.de»i cial” also. ��66 menti* Centre College of Kentucky Danville. Kentucky July 19, 1951 Members of the Board of Trustees Dear Friends: In the June 25, 1951, number of Barron1s on page 5 there is an excellent article on college investments. The entire article would repay reading. The following quotations from the article are of particular interest to us at Centre College of Kentucky. The first and obvious fact to be noted was a vast increase in endowments over the past two decades. The total amount invested in 1950 by the colleges listed in the accompanying table was $993 million, compared with $547 million in 1940 and $492 million in 1930. This is an 80$ increase in the 10 years since 1940 and a more than 100$ gain since 1930. Most of the increase, of course, may be directly attributed to the universities’ successful efforts to part alumni from the contents of their pocketbooks, rather than the result of extraordinary gains in portfolio values. A second major trend revealed was a swing in investment emphasis away from bonds and toward common stocks. Twenty years ago, although most colleges had some holdings in common stocks, the majority of portfolios were largely in bonds. Today, holdings of common stocks total about 40$ of investments on an overall basis, compared with about 15$ in 1930 * The disaffection for bonds and the rise in common stock holdings is attributable to the marked decline in bond yields. The article has a table showing the distribution of investments among bonds, preferred stock, common stock, and other investments for Amherst, Bryn Mawr, Carleton, Carnegie Tech, Chicago, Cornell, Harvard, Johns Hopkins, M. I. T., Minnesota, Mount Holyoke, Ohio Wesleyan, Penn, Rensselaer, Smith, Stanford, Swarthmore, University of Texas, Vanderbilt, Vassar, Washington and Lee, Wesleyan of Connecticut, Williams, and Yale with the following comment on this table. Those colleges which gave yield figures based on market value are perhaps more representative and show for 1950 an average yield of 4.37$; in 19^0, the yield averaged 4.50$ and in 1930, 4.97$ * This article prompted a study of investments of Centre College of Kentucky for 1930, 1940, and 1950. The results of that study are attached. Sincerely yours, Walter A. Groves President WAG;dd ��ENDOWtttAT INVESTMENTS Value Common Stocks Preferred Stocks U. S. Bonds Other Bonds Mortgage Loans Real Estate Permanent Funds held in Trust Total Investments * (Audit Report) $242,414.60 44,860.00 78,067.27 809,831.58 3,588.26 110,935.16 15,550.00 Distribution Incone (est 18.7$ 3-5$ 5.98$ 62.0$ .02$ 8.6$ 1,2$ * $1,305,246.87 100.0$ $63,Ohl;21 $572,369.70 178,250,92 39,082(50 34.05$ 10.655 2.35$ 586,381)99 34.7^ 214,585)00 81,221.33 12.75S 4.85$ $12,578,85 2,410,10 271,59 19,613.43 9,338.17 1,530,10 16.550.00 ,<$ 350.00 $1,687,440.44 100.05$ $46,092.15 194-0 Common Stocks Preferred Stocks U. S. Bonds Other Bonds Mortgage Loaiis Real Estate Permanent Funds held in Trust Total Investments (Audit. Report) 1252 Common Stocks Preferred Stocks U. S. Bonds Other Bonds Mortgage Loans Real Estate Permanent Funds held in Trust Total Investments Income $366,779.98 478,958.71 461,232.22 81,749.10 509,161.00 245,612.00 17.2^ 23.2£ 22.25$ .38$$ 24.25$ 12.15$ $22,612.03 17»227.63 6,964.83 3,655.84 26,364.08 9,973.10 15,550.00 $2,159,043.01 .72% 100.051 408.90 $87,206.41 1 ��68 Meeting of the Executive Committee October 5» 1951 The meeting was called to order by the chairman, Dr. J. Cowan. Prayer was offered by Dr. Jesse Herrmann. Present were Messrs. Logan Caldwell, W. P. Caldwell. Sam 3, Jones, Drs. Hermann and Cowan, and President Groves. The minutes of the Executive Committee meeting of July 13 ’■'ere approved with the corrections to the motion with regard to the sale of the Texas farm property as follows: "President Groves given authority to sign the contract of sale and execute the deed and sign any other papers incidental to the sale." Also a correction to the motion with regard to the sale of the Barry property in Chicago was made, the fourth line of which should read: ’’and also to sign the contract of sale and any other papers incidental to the sale," Mr. Logan Caldwell, treasurer, reported that the contract of sale of the Texas farm for delivery of deed on December 1, 1951> had been executed and a $2500 deposit of the sale price of $12,320 had been made. President Groves reported that Mr. J. W. Marshall, cousin of Miss Sarah and Miss Lucy Peet, was negotiating for the sale of the Chicago Property at a price which would net the owners $30,000. However, it was agreed to sell for $75»OOO if necessary. President Groves reported a telegram from Ambassador C’Neal stating that a favorable decision with regard to the tax question on the matter of the settlement of the Trimble Estate was expected within a day or two, Mr. Logan Caldwell requested that Dr. Herrmann turn over papers concerned with the Payette County farm to Mr. Fred B. Wachs of Lexington to gee whether or not this farm could be sold. The business manager, Mr. Arnicar, reported on the operational budget for the fiscal year ending August 31♦ 1951 showing that instead * of an anticipated deficit of $U0,569.95 the actual deficit was only $15,038.75. This more encouraging result was due to some increases in income from student fees, endowment funds, but more particularly due to gifts from churches and individuals as a result of the emergency campaign of the college which was initiated in the early summer. On motion it was voted to receive and file the report. (See copy attached to these minutes.) Mr. Arnicar, the business manager, of the college for the fiscal year 1951-1952 enrollment of the college. The budget shows of $14,275.6^, However, it is expected that presented the revised budget in line with the actual an anticipated deficit this deficit will be ��erased entirely by the receipts from the emergency financial campaign now in progress. On motion it was voted to receive and file this budget. Mr. Logan Caldwell presented the auditors’ report for the year * 1950-1951 and on motion it vzas voted to receive and file this report. In the absence of Vice-President Stewart due to illness, President Groves reported on the emergency fund campaign, which to date has yielded a total of $37,530 in cash amounting to $30,835 and pledges amounting to * $6,695 * President Groves pointed out that of these totals only $12,750 was received before the closing of the books for the fiscal year ending August 31, 1951, so that there remains $2^,730 to be applied to the deficit for 1950-1951 and the current deficit for the fiscal year 19511952. President Groves pointed out, however, that the Committee of Friends of Centre College in Louisville had set a goal of $100,000, which is not unreasonable, and this will be required if the deficit for the year 19^9-1950 is to be eliminated in addition to the possible deficits for 1951-1952 and 1952-1953 or, in other words, if all deficits for the * period of the present emergency are to be eliminated. (See copy of analysis of this special emergency campaign attached.) President Groves reported on the enrollment situation as of October 5 1951, showing a total enrollment of 1U7 women students and * 238 men students for a total of 335 students. It was pointed out that this is twenty-five more than the 360 which was the most optimistic estimate of last June. President Groves reported a letter from Mr. George D. Caldwell of the Louisville Trust Company announcing the receipt of a check from Mrs. Lon Rogers for the Rogers Educational Trust of $25,000 to be used for scholarship loans in accordance with the trust. Mr. Cantrell, admissions officer of the college, has already circularized high school principals and county superintendents concerning this trust fund and is shortly to make visits to Ohio, Muhlenberg, and Pike Counties in order to receive applications for loans from the fund for students to attend Centre College of Kentucky. President Groves reported the favorable action of the members of the Executive Committee concerning the proposal of a group of Danville business men to install lights in the stadium so that the stadium might be available for night football games by both the high school and the college teams. At the present time the business men's committee is making plans to get the necessary permission for the purchase of the required material, following which the money required will have to be raised. The committee in charge, however, seem to think that they will be able to find the money.. President Groves reported a letter from Mr. Howard Van Antwerp, Jr., of Ashland, trustee of the college, concerning a possibility of a Harry A. Haskell Scholarship Fund. ��-3A report was made of the purchase of a $500 annuity by the Reverend William Barnes Lower of Philadelphia, eighty-four years of age, at an interest rate of 7%. Report was also made of the purchase of a joint annuity by hr. and Mrs. Frank Gilcher of Louisville, sixty- two years of age and fifty-four years of age, with an interest rate of 4.2/?. A report was made of the bequest of $1800 received from the executors of the estate of Mrs. Mary B. Thomas, $800 of which is to be added to a previous gift of $500 made by Hrs. Thomas during her lifetime to establish the Samuel R. Cheek Scholarship Fund. It is understood that there are other gifts in this fund,in addition to this gift and bequest of Mrs. Thomas, of $2300, so that the total in this scholarship fund is now $3&00. The remaining $1,000 of the bequest of $1300 is to go toward the endowment of the Cheek-Redd Chair of Classical Languages. This arrangement was set forth in a letter from Mrs. Thorjas to President McMullen of July 23, 1945. President Groves reported the receipt of a check of $1,000 from Dr. and Mrs. C. H. Parsons of Ashland, Kentucky, to establish the Parsons Scholarship in accordance with the previous announcement by Dr. C. M. Stewart. President Groves read a letter from the Board of Pensions in the Presbyterian Church in the U. S. A, reporting the action of the General Assembly of the Presbyterian Church, U. S. A., whereby the institution’s share in the pension plan was increased by one per cent, so that the minister now pays three per cent and the institution nine per cent toward the minister’s pension. In accordance with this announcement, it was voted that the college pay the necessary nine per cent for pension of President Groves and Vice-President Stewart. President Groves reported the employment of Mrs. Marcelyn Rouse as instructor in the Department of Physical Education in the Women's Division at a salary of $2700 a year. Mrs. Rouse is a graduate of William Woods College in Pulton, Missouri, and the University of Missouri at Columbia, where she received a bachelor of science degree in 1940. Mrs. Rouse has done additional graduate study at the University of Missouri. Mrs. Rouse comes to Centre College after eleven years’ experience teaching physical education both at the college and the high school level and some ten years' experience as counselor in a Y. W. C. A. girls' camp at Central Valley in New York State. President Groves reported the employment of Mr. Jess Crawford as assistant coach in football for the football season at a salary of $600. Mr. Crawford is a member of the senior class at East Missouri State College at Cape Girardeau, Missouri. He has played varsity football for four years and plans to return to college in the spring to receive his degree. 70 ��In view of "both the improved enrollment situation of the college and the improved financial situation .and also in view of the very fine work which Dr. Stewart has done to make the emergency financial campaign successful, as well as his continued good work in the church visitation program, it vzas recommended that $1,000 of the cut of 52,000 previously made in the salary of Dr. Stewart be restored as of September 1, 1951, and that Dr. Stewart’s salary, therefore, for the year 1951-1952 be fixed at $7,000 instead of $6,000. President Groves reported the need of a loudspeaker system for the Alumni Memorial Gymnasium and Farris Stadium and also for extensive renovation in the heating system of Young Science Hall. It was agreed that the possibility of having the Board of Directors of the Alumni Association pay for these improvements out of their permanent building fund be investigated informally by President Groves. A letter of thanks from Mrs. R. D. Osteen, general chairman of the concert recently given by the Danville Teachers Association,for the use of the auditorium on the women’s campus was read. It vzas moved that the full Board meeting be called for Saturday morning, November 10, at 10:00 in the president’s office to be preceded by a brief meeting of the Executive Committee at 9 .00 * on the same day. At the same time, Mr. Caldwell, chairman of the Finance Committee, announced that there would be a meeting of the Finance Committee Friday evening, November 9, preceding these meetings of the executive Committee and the full Board. Adjournment. Walter A. Groves Secretary pro tern ��CENTRE COLLEGE OF KENTUCKY Fiscal Year 1950-1951 INCOME Over (Under) Budget 201,634.19 _ 2,774.50 204,408.69 Student Fees General Fees Other fees Endowment Unrestricted Real Estate (Unrestricted) Restricted Gifts Church Boards & Churches Individuals Auxiliary Enterprises Residence Halls - K. C. W. Residence Halls - ’/iseman Residence Halls - McReynolds Residence Halls - Breckinridge Centreville Dining Hall - K. C. W. Cafeteria - Centre College Tea Room - K. C. W. Coffe Shop - Centre College Bookstore & Postoffice Other Non-Educational Income Rents - Campus Houses Student Activities Fees Health Service Athletic Department - Men • • Scholarships Alumni Fund Other Income Totals: Realized 204,787.60 2,294.20 207,081.80 3.153.^1 (480.30) 2,673.11 51,676.20 22^295-00 7,204.00 81,175-20 52,689.23 24,268.07 ,.^.752.26 84,716.56 1,013.03 1,973.07 555.26 3,S' 36 ! *- 18,650.00 3,942.00 22,592.00 21,170.00 20^31^9 41,903.99 2,520.00 19,075.00 5,531.00 2,655.00 11,036.00 11,200.00 51,955.00 50,740.00 3,500.00 25,700.00 28,000,00 209,392.00 18,544.45 5,351.00 2,665.00 211,692.96 10,746.71 54,251.02 43,414.70 3,134.69 23,374.40 24,263.34 197,438.27 (530.55) (180.00) 10.00 656.96 (453.29) 2,296.02 (7,325.30) (365.31) (2,325.60) (3.736,66) (11.953.73) 3,690.00 10,353.00 1,972.00 10,264.97 16,004.00 > 00 6,500.00 48,783,92 2,501.50 10,353.00 1,972.00 10,553.80 19,311.74 00 6,116.33 5O.813.38 (1,188.50) 00 00 293.84 3,307.74 00 (383.67) 2.029.41 566,351.86 581,954.00 15,602.14 ��Expenditures Budget 1950-51 Ac tual 1950-51 (Over) Under 14,580.00 18,846.00 11,320,00 4,935-00 10,625.00 14,805.24 18,768.52 9,806.74 4,287.51 10,343.23 (225.24) 77.48 1,513.26 647.49 281.77 5,720.00 4,164.96 3.950.00 5,23^.25 4,188.56 4,268.89 485.75 (23-60) (318.89) 11,452.91 9,580.00 100.00 95,273.87 161,488.79 15,935.07 62.C86.23 12,864.00 252,374.09 10,966.67 10,174.47 21.46 92,865.54 162,935.23 14,602.97 63,984.00 10,866.02 252,388.22 • 466.24 >7) *. (59 78.54, 2,408.33 (1,446.44) 1,332.10 (1,897.77) 1.997.98 (14.13) Administration & General Expense President’s Office Vice-President’s Office Business Office Treasurer’s Office Dean & Regis trap’s Office Alumnae Office & Strdent PromotionWomen Dean of Women's Office Publicity Alumni Office & Student PromotionMen General Expense Board of Trustees Instructional Expense Library Operation & Maintenance Endowment Real Estate Auxiliary Enterurises Residence Halls - K. C. W. Residence Halls - Wiseman Residence Halls - McReynolds Residence Halls - Breckinridge Centreville Dining Hall - K. C. V/. Cafeteria - Centre College Tea Room - K. C. W. Coffee Shop - Centre College Bookstore & Postoffice Total: Budgeted Loss: 12,562.61 3,598.40 1,417.70 8,859.75 8,331.62 49,894.37 46,246.62 3,566.40 24,147.98 23,008.18 181,633.63 1,147.39 1,041.28 374.02 (186.75) 168.38 (1,678.76) 1,409.20 (66.40) 1,094.02 3,4?1.82 6,794.20 4,889.00 8,245.00 2,185.00 13,140.00 36,465.40 2,914.62 1,800.00 1,207.00 70,846.02 Other Non-Educational Expense Campus Houses Student Activities Fees Health Service Athletic Dept., Centre College Scholarships & Grants-In-Aid Bus Service Housemothers - Fraternity Houses Central Stores Warehouse Debt Service 13,710,00 4,639.68 1,791.72 8,673.00 8,500.00 48,215.61 47,655.82 3,500.00 25,242.00 26,500.00 188,427.83 4,287.73 8,569,98 2,103.02 13.696.22 36,649.30 2.596.31 1,181.25 1.021.55 00 70,105.36 601.27 (324.98) 81.98 (556.22) (183.90) 318.31 618.75 185.45 00 740.66 606,921.81 596,992.75 « 00 40,569.95 15.038.75 9,929.06 ��Budget 1951-1952 October 4, 1951 IITCOMB Student Fees R-l General Fee R-2 Other Fees $189,032.00 1,271.00 $190,303.00 ■endowment R-3 Unrestricted. R-4 Real Estate (Unrestricted) R-5 Restricted 51,676.00 26,072.00 7,204.00 84,952.00 Gifts R-6 R-7 Church Boards & Churches Individuals 27,900.00 6,315.00 34,215.00 Auxiliary Enterprises R-8 Residence Halls - K. C. W. R-9 Residence Halls - Wiseman R-10 Residence Halls - McReynolds R-ll Residence Halls - Breckinridge R-11A Centreville R-12 Dining Hall - K. C. W. R-13 Cafeteria - Centre College R-14 Tea Room - K. C. W. R-15 Coffee Shop - Centre College R-16 Bookstore ft Postoffice 17,200.00 2,500.00 12,876.00 5,200.00 43,755.00 35,500.00 3,000.00 18,000.00 13,385.00 156,416.00 Other R-17 R-18 R-19 R-21 R-22 R-23 R-24 Hon-Educational Income Rents - Campus Houses Student Activities Health Service Athletic Dept., Men Scholarships Alumni Fund Other Income Total Income Def icit 3,500.00 1,440.00 9,610.00 20,117.77 19,000.00 6,500.00 60,167.77 526,053.77 14,275.64 $540,329.41 ��Budget 1951-1952 October 4, 1951 EXPENDITURES Administration & General Expense $14,630.00 E-l President’s Office 16,630.00 E-35 Public Relations Office 10,325.00 E-2 Business Office 5.635.00 Treasurer’s Office E-3 E-4 Dean £ Registrar’s Office 9,131.25 6,440.00 Alumnae Off. & Stud. Pre- Women E-5 2,719.96 E-6 Dean of Women’s Office 7,895.00 Student Promotion - Men E-7 11,090.00 Alumni Office E-8 10,610.00 E-9 General Expense 100.00 Board of Trustees E-10 $ 94,406.21 E-ll E-12 E-13 E-14 Instructional Expense Library Operation & Maintenance Endowment Real Estate 137,305.73 16,995.00 62,715.00 11,648.50 228,564.23 Auxiliary Enterprises E-15 Residence Halls - K. C. W. Residence Halls - Wiseman E-16 Residence Halls - McReynolds E-17 Residence Halls - Breckinridge E-13 E-18A Centreville Dining Hall - R. C. W. E-19 E-20 Cafeteria - Centre College Tea Room - K. C. W. E-21 Coffee Shop - Centre College E-22 E-23 Bookstore & Postoffice 13,700.00 1,876.00 7,821.00 4,000.00 41,417.25 33,725.00 3,500.00 17,100.00 17,030.00 140,229.25 Other Non-Edupational Expense. E-24 Campus Houses 3,500.00 Student Activities E-25 2,010.00 Health Service E-26 9,805.00 Athletic Dept., Centre College E-23 36,092.72 Scholarships & Grants-in-Aid E-29 1,815.00 E-31 Bus Service Housemothers - Fraternity Houses 1,800.00 E-32 1,207.00 E-34 Central Stores Warehouse 19,000.00 Debt Service E-36 Total Expenditures 75.229.72 $540,329.41 ��76 Emergency Fund Campaign The Emergency Fund Campaign authorized by the Board of Trustees ai their meeting of January 19» 1951» has yielded the following very satisfactory results to date. From trustees of the college: Cash Pledges $4,550,00 5,450.00 From alumni and friends of Centre College outside of Louisville: Cash Pledges 5,400,00 300.00 From alumni and friends in Louisville: From personal visits Cash Pledges 3,525.00 700.00 From alumni and friends in Louisville: Committee of Friends of Centre College Cash Pledges 17,360.00 245.00 Total 30,835.00 6,695.00 Cash Pledges $37,530.00 GRAiro TOTAL This effort has already yielded most gratifying results. It, together with economies in expenditures, has resulted by now in the entire elimination of the deficit for operations for the year 1950-1951. The results of the campaign in Louisville are by no means all in, so that at present writing it looks as if the probable deiicit of $14,275.64 for the current year 1951—1952 will be met by additional gifts. The following gilts have been received since the books were closed on August 31, 1951: Cash Pledges Total $18,085.00 245.00 $18,330.90 However, the goal of $100,000 set by the Committee of Friends cf Centre College in Louisville is not an unreasonable one and will have to be met if the deficit for the year 1949-1950 is to be eliminated, which is still impairing very seriously the cash position of the college, and also if the college is to carry through the year 1952-1953 without a deficit, for it should be noted that in all likelihood the year 1952-1953 will present more serious financial problems than the current fiscal year, due to the fact that there will prooably be a turther decrease in enrollment. This further decrease is almost unavoidable in the face °f the continued draft requirements of the armed forces, the continued decreased number of young men and young women reaching eighteen years of age, and the increased demand of Industry for personnel ns long as the present rearmament Program continues. There will be no real turn for the better, as far as college enrollments are concerned, for another two or possibly three years. ��Meeting of the Executive Committee November 10, 1951 77 The meeting was called, to order by the chairman, Dr. J., R, Cowar.. Prayer was offered by Dr. Claire M. Stewart. Present were Dr. J. R. Cowan, Messrs. Logan Caldwell, Lanier, Van Winkle,, Jones, W. P. Caldwell, Wachs, Herrmann, and President Groves and Vice-President Stewart. On motion from the floor Mr. W. P. Caldwell was elected secretary of both the Executive Committee and the Board of Trustees. A brief report was made by President Groves on the continued work of Ambassador Emmet O’Neal in Washington to get the Internal Revenue Department to make a tax ruling on the proposed settlement of the Trimble Estate. President Groves made a report on progress in negotiations for the sale of the Barry-Clark property in Chicago, in which the college has a half-interest. In the course of the meeting Mr. J. Waller Marshall, who is conducting the nego­ tiations in Chicago for both the college and the Peet sisters, telephoned from Chicago to make a report of the present status of negotiations. The terms of the * proposal for purchase which Mr. Marshall reported by telephone as being in his opinion the best were as follows: 1. Sale price: 2. Initial payment: 3. A mortgage note bearing an annual interest rate of 4^$ to be amortized within the ten-year period on the following schedule: (a) (b) $84,000.00. $24,000.00. Rate of payment to be approximately $5 * 00 5^8 per year for nine years. Final year entire balance due on the purchase price of approximately $25,000.00 to be paid to clear off all interest and principal payments on the original note. On motion it was agreed to accept the above-mentioned terms, and Mr. Logan Caldwell and President Groves informed Mr. Marshall of this action by the Executive Committee before he left the telephone in Chicago. On motion the treasurer of the college was given authority to borrow up to $20,000.00 between now and May 31, 1952, to cover necessary payments on the annuity and the notes on the Alumni Memorial Building. It should be mentioned that this action is taken in the hope that it will be possible to pay back whatever is borrowed for this purpose from receipts from the eleventh alumni fund campaign now in progress. President Groves reported treasurer of the Board of Christian which called in question the method Eund, which is noted in the audit of a letter from Mr. George W. Renneisen, Education of the Presbyterian Church, U. S. A., of accounting applied to the Guy L. V.’iseman August 31» 1951» a0 being $44,613.13 * ��On the recommendation of President Groves, as a reply to this inquiry and also in accord with the following paragraph from the will of February l?s 1938 of Mr. Guy E. Wiseman, * I bequeath to the Board of Trustees of Centre College of Kentucky the sum of one hundred and twenty--five thousand ($125,000.) dollars. I direct that this bequest shall be used as follows: not exceeding $100,000. shall be used for the erection of a dormitory, in one or more units, for the men's campus to be known as ’The Wiseman Memorial,’ and $15,000. or less shall be used for the furnishing and equipment of this building, and the balance of the $125,000. shall be held as an endowment for the maintenance of 'The Wiseman Memorial,' it was voted that in the future the business manager of the college be requested to keep the accounting of the income of the unexpended balance of the Guy E. Wise­ man Fund in the same manner as is now done for the Farris Stadium Fund and that in accordance with the terms of Mr. Wiseman’s will, which states that "the balance of the $125 0 *00.00 shall be held as an endowment for the maintenance of 'The Wiseman Memorial,'" the income from this unused balance be used only for the maintenance of the Wiseman Dormitory and that any unused balance of this income be added to the principal. • It is to be noted that this action, according to present expenditures for the Wiseman Dormitory, will add about $1,000.00 a year to the principal account and decrease the amount which has been turned into the operational fund of the college by the same amount. In order that the true value of the college plant be reflected in the statements concerning fraternity buildings which have been paid for in part by the college and in part by the fraternities and are now o,rned in the name of the college, it was voted that Mr. Ike Lanier be appointed as a committee of one to work with the business manager and the president to devise a means for carrying these items on the college books in such a way as to make apparent the total evaluation of these fraternity buildings which will include the investment of both the college and the fraternities in them. Mr. Arnlcar, the business manager, made a statement on the operations of the college from September 1 through October 31, 1951» which compared expenditures with the present budget which showed that income to date is some $3,000,00 above expectations and expenditures some $5,600.00 above expectations. However, the business manager pointed out that succeeding months will bring about adjustments which will eliminate these differences between expenditures and the current budget. The statement also showed an operational gain of $827.16 in the men's cafeteria and an operational loss of $1,501,40 in the women's dining hall. It was hoped that this operational loss in the women's dining hall will be eliminated in the succeeding months. On motion the report was approved and filed (see attached). Adjournment. W. P. Caldwell Secretary ��Meeting of the Board, of Trustees November 10, 1951 The meeting was called, to order by the chairman, Dr. J. R. Cowan< Prayer was offered by Dr. Jesse Herrmann. Members present were Dr. J. R. Cowan, chairman, Messrs. Lanier, Van Winkle, Jones, Lee, Nevin, Herrmann, Joplin, Wiseman, Van Antwerp, Logan Caldwell, Baker, Wachs, W, P. Caldwell, Misses Yerkes and Poynter, and President Greves and Vice-President Stewart. Written excuses were presented by Messrs. P. E. Cald­ well, R. B. McDowell, Don Campbell, P. A. Wallis, and R. W. Miles and were approved. It was voted that letters of regret and hope for speedy recovery be sent by the secretary to both Mr. Wallis and Dr. Miles, who are seriously ill. The minutes of the meetings of the Executive Committee of June 2, July 13, and October 5 and. the minutes of the meeting of the full Board of June 2 were approved as previously printed and circulated. Mr. Logan Caldwell made the annual treasurer’s report,which was discussed in full. It was voted that the treasurer’s report of Mr. Logan Caldwell be approved and that he be thanked for his untiring efforts, particularly in matters pertaining to the financial affairs of the college,and that he be asked to continue the type of report which he made. The treasurer reported on the meeting of November 9» 1951 of the Pinance * Committee, at which were present Messrs. Logan Caldwell, chairman, Baker, Lanier, Lee, and Dr. Cowan, and President Groves, and reported the following recommenda­ tions from this committee. 1. It was recommended that the entire program proposed by the United States Trust Company for the buying and selling of bonds, preferred stocks, and common stocks,contained in their letter of October U, 1951 the program * dated October 2, 1951 to Mr, Logan Caldwell, be accepted and put into * effect. (See files of Pinance Committee for this program. This letter and program were read to the Board by Mr, Caldwell.) 2. It was recommended that any future proposals for the buying and selling of securities by the United States Trust Company be acted upon promptly by the treasurer unless he receives advice to the contrary within forty­ eight hours from any members of the Pinance Committee. It was also recommended that in emergency situations the treasurer shall be given authority to act without delay on the advice of the United States Trust Company in the buying and selling of college securities. The Board on motion voted to adopt these recommendations from the Pinance Committee and granted appropriate authority both to the committee and to the treasurer, Mr. Logan Caldwell, to carry out these actions. Mr. George Lee reported the schedule of property of Centre College of Kentucky, showing the investment agency account of the college as of October 25» 1951. After discussion the Board expressed its complete faith and confidence in the advice and method cf reporting concerning the securities of the collage of the United States Trust Company of New York. ��On motion "by Dr. Jesse Hermann it was voted, that Vice-President Stewart make the necessary investigations concerning the action of the Executive Committee of December 16, 19^9, concerning the making of annuity contracts by the college, which reads as follows, Vice-President Stewart made a report of his study of annuity programs in operation in colleges and institutions similar to Centre College, After considerable discussion the program as recommended by Vice-President Stewart was approved as follows: It is recommended that: 1. 2. 3. ik. 5. The college establish and organize a Department of Annuities under the direction of the Vice-President. The annuity rates now used by leading colleges and charitable institutions (copy attached) be adopted as the basis upon which Centre College annuities will be written, There be no deviation from these rates without the approval of the Executive Committee. The attached application blank and certificate be approved for official use in our annuity program. The Vice-President be authorized to prepare the necessary litera­ ture and secure proper legal counsel so that the college will be ready to write annuities upon the above-mentioned basis on and after January 1, 1950- The Executive Committee took further action that in view of the farreaching importance of this matter of an annuity program that final action and approval of the proposed program await the vote by mail of each member of the full Board of Trustees. President Groves was instructed to poll the full Board on this matter, so that a report might be made to the January meeting of the Executive Committee, to ascertain what, if any, should be added to the actions in accordance with the legal responsibilities under Kentucky law involved in the making of such contracts. The business manager submitted his annual report for the fiscal year ending August 31» 195^, which was discussed, and on motion it was voted that the report be accepted and filed (see copy attached). 4 On motion by Mr. Logan Caldwell, treasurer, the Board voted to approve the following resolution relative to the sale of the so-called Texas farm owned by Centre College of Kentucky to Messrs. C. Stubblefield and C, H. Stubblefield. Be it resolved that Centre College of Kentucky sell and convoy unto C. Stubblefield and Cecil Harris Stubblefield for the consideration of Twelve Thousand and Three Hundred Twenty and No/100 Dollars ($12,320.00), payable in cash upon delivery of the deed, except as stated below, the following described property situated in Hill County, Texas: Part of the George W. Miller 320-acre Survey; and Beginning at the northeast corner of the George W. Miller Survey; Thence S. 30 E. with the road 685.6 varas (old call 700 vrs.) to the fence corner; the ��-3- 81 southeast corner of this tract; Thence St 60 Ws 400 vrs. to an ell corner; Thence S. 30 EP 450 vrs« to a fence corner-, an ell corner of this tract; Thence S„ 60 Wc with the fence line a distance of 1080 vrs. to a corner of the M. K„ & Tc Ry, Co. ballast pit property; Thence with the line of the railway property 47 deg, 39 min, W6 937.8 vrs. to an angle corner; Thence continuing with the railway property N. 77 We 92 vrse to another angle corner; Thence N. 30 178g vrs. to the northwest corner cf the George W. Miller Survey; Thence N. 60 E, 1833 vrs. (old call 1727 vrs©) to the place of beginning, con­ taining 308 acres, more or less? There shall be excepted from the deed and reserved unto Centre College of Kentucky, its successors and assigns, forever, all of the oil, gas,casing­ head gas, gasoline, coal, gold, sulphur, and all other minerals, in, on, or under, or that may be produced from, the above described property, together with the right to take all usual, customary. or convenient means of exploring, mining, drilling, producing, storing, treating, removing, and marketing same, and the right of ingress and egress at any and all times for any and all of such purposes. The property will be conveyed to the. purchasers subject to the existing roads and highways and easements for utilities. The President is authorized to execute for and in the name of Centre College of Kentucky, and the Secretary is authorized to attest and affix the seal to, a deed conveying the property for the consideration and upon the terms set out above, the deed to contain such other provisions as the President may consider proper. In accordance with the above resolution, the president of the college and ie secretary of the Board of Trustees were authorized to sign the deed of sale the above-mentioned Texas farm.. The Board of Trustees also approved the resolution necessary to enable the esldent of the college and the secretary of the Board of Trustees to sign the ed. of sale of the Barry-Clark property in accordance with the terms of sale 'Proved by the Executive Committee as reported in the minutes of the Executive mmittee meeting of Kovember 10, 1951 * Dr. J. R. Cowan tendered his resignation as president of the Board of ustees and chairman of the Executive Committee of the Board of Trustees. After me discussion, which revealed the reluctance of many members of the Board to cept this resignation, it was moved by Mr. Wachs and voted that the president of 6 college appoint a committee of three members of the Board to take up this tter with Dr. Cowan and report their recommendations to the next full meeting the Board, President Groves reported that because of reasons of ill health and also e unsettled condition of his business affairs, Mr. NorrJs Armstrong prefers not accept his election to the Board of Trustees at the present time. It was voted, erefore, that the president of the college send a letter as from the Board of astees to Mr. Armstrongs expressing the earnest desire of the members of the for his service as a member, and also stating the hope that it will be 3sible for him to begin his work with the Board at the meeting in June, 1952. A letter of resignation presented by Mr, Elbert G. Sutcliffe on Juno 5« 31, was discussed. In the light of this discussion the following resolution 3 unanimously adopted. ���, .De it resolved that the Board of Trustees is greatly concerned by the resignation which has been tendered by Elbert G< Sutcliffe. The unselfish service of albert Sutcliffe as a member of the Board over a long period cf years is one that all have sincerely appreciated. All have regarded him as one of the "family" of Centre College. Therefore while the Board fully recognizes the fact that it has no right, and is not even in a position, to encroach on matters which are the personal and considered judgment of Mr. Sutcliffe, nonetheless in the hope that hr. Sutcliffe may in the near future see fit to reconsider his decision and withdraw his resignation, it earnestly requests him to do so and further requests that the chairman of the Board and the president of the college convey this desire to Mr. Sutcliffe, and be it further resolved that the Board take no action in this matter at the present meeting. President Groves reported that after careful study by the Curriculum Committee of the faculty the faculty had taken action to request the Board of Trustees to institute courses which will permit students to major in elementary (education and qualify for the elementary teaching certificate in Kentucky in this field. After the presentation of this recommendation from the faculty and a full iiscussion of the reasons underlying it, it was voted that this curriculum proposed by the faculty be approved by the trustees and that public announcement of the addition of this work be made at once both for the benefit of students now enrolled and also for prospective students. President Groves reported several studies now in process by different faculty committees on matters relating to subjects taken under discussion by the special trustees’ committee on charter, constitution, and by-laws, the special committee on college executive and administrative organization and functions, and the special committee on academic purposes, standards, and procedures. In view of vacancies now existing in each of these three committees, on motion of Mr. Van Antwerp, it was voted that this matter of vacancies be referred to the Executive ; Committee with instructions to fill them at its next meeting. I On motion by Dr, Herrmann, it was voted that the rough draft of a con­ stitution submitted by President Groves be referred to the special committee on charter, consitution, and by-laws with the recommendation that the committee study this draft and bring in a proposed constitution and by-laws for consideration of the Board at the meeting in June, 1952» or not later than the fall meeting of 1952, President Groves read a report from the special committee on faculty and trustee relationships. It was voted that the matters in the report of this special faculty committee concerning curriculum and concerning entrance requirements, etc,, be referred to a joint meeting between the special trustees’ committee on academic i purposes, standards, and procedures, and the appropriate faculty committee on i curriculum and on admissions and standards. It was voted that the portion of the report of of the faculty on matters pertaining to academic tenure, academic promotion be referred to a joint meeting of the on college executive and administrative organization and mentioned special committee of the faculty. this same special academic freedom, special trustees functions and the committee and committee afore­ President Groves made a report on the emergency fund campaign which supplements the report made to the Executive Committee on October 5» 19_?1» report­ ing as follows: ��Since the report on the emergency fund campaign made to the Executive Committee on October 5, 195-? additional gifts cf $1,008 0 *0 have been received from alumni and result cf the work of the Committee of Friends so that the total from this source now stands at Cash Pledges Total $18 2 3-58-.00 ___ -241^00 $18;613c00 This brings the total cash from this emergency campaign from all sources to $31,843.00 to which should be added pledges totaling 6,695,00 or a grand total of $38,538c00 On motion it was voted that all funds received from this emergency fund campaign be applied by the business manager of the college to '‘Account #R7, Gifts Received from Individuals,” in the current operational account of the college,, rule President Groves read a statement from Dean Jones concerning the college on the matter of the drinking of alcholic beverages, which states: No intoxicants are to be served at any dance, party, or other enter­ tainment given by any college organization nor be brought into any college building. Any student who violates this rule may be dismissed from the College. Dean Jones in this statement pointed out some recent problems which have occurred in connection with the enforcement of this rule and explained that the statement was being made to the full Board that they might be made aware of the present situation and thus be able to give their counsel and advice. President Groves reported on the proposed itineraries of Mrs, Nell H. Allen and Mr. Paul Cantrell in the matter of student promotion. It was the consen­ sus that Mrs. Allen and Mr, Cantrell are to be commended for their untiring and effective efforts. There was the feeling that the college is making good progress in this matter of student promotion. Dr, Stewart made a report of the work resulting in the good outcome of the emergency fund campaign, especially in Louisville, and in his statement requested thet the Board, in view of the uncertainties in his own mind as to his status with the college generated by the situation of the past winter and spring, determine, if possible, his future with the college. At the conclusion of his report Dr. Stewart left the meeting. After some discussion and on recommendation of Mr, Van Antwerp, it was moved and unanimously carried that the Board of Trustees express their confidence in Dr. Stewart's ability, and the opinion was unanimously expressed that . r, Stewart be continued as vice-president in charge of public relations. Adjournment. W. P. Caldwell Secretary ��Meeting of the Executive Committee December 21, 1951 The meeting was called to order by the chairman, Dr. J. R. Cowan. Prayer was offered by Vice-President C. M. Stewart. Present were Dr. Cowan, chairman, Messrs. Logan Caldwell, V/. P. Caldwell, Sam Jones, and Ike Lanier, and President Groves and Vice-President Stewart. President Groves reported progress in the negotiations for the sale of the Barry-Clark property in Chicago and also in the settlement of the Trimble Estate. In the latter connection, a letter of December 7 from Ambassador Emmet O'Neal of VZashington, D. C., who has been pursuing the matter in the office of the Commissioner of Internal Revenue in V.7ashington, D. C., was read. In accordance with the resolution of the full Board meeting of November 10, 1951 in which authorization was given to the president of * the college and the secretary to sign the deed of sale of the Barry-Clark property in accordance with the terms of sale previously approved, the following resolution was voted and passed unanimously. L^the undersigned, do hereby certify that the following is a true, coh« X * ete and correct copy of a certain resolution of the Board of Truste^X^CENTRE COLLEGE OF KENTUCKY, a corporation organized and existin^uo^er 2nd by virtue of the laws of the State of Kentucky, ’-’hich restriction was duly adopted at a duly called meeting of the said BoaruBjS-TjTustees held on December 21, 1951» all of the trustees being present aV.said meeting; that I am the keeper of the corporate seal and of the.minutes and records of this corporation; that said resolution wa^-adopted by the unanimous vote of all of the trustees and that the said resolution has not been rescinded or modified. BE IT RESOLVED that the CENTRE COLLEGE OF KENTUCKY, the owners of an undivided one-half interest in the real estate commonly ’mown as 3118-30 North Clark Street and 806-16 Barry Avenue in the City of Chicago, Illinois, do hereby agree to sell and convey the said undivided one-half interest to the LASALLE NATIONAL BANK as trustee under the provisions of a Trust Agreement dated December 11th, 1951 and known as trust no. 13942, for the sum of FORTY TWO THOUSAND DOLLARS ($42,000.00) to be paid in the following manner: TVffiLVE THOUSAND DOLLARS ($12,000.00) to be paid upon delivery of the Deed and the balance of THIRTY THOUSAND DOLLARS ($30,000.00) to be in the form of a Purchase Money Mortgage in the sum of SIXTY THOUSAND DOLLARS ($60,000.00), the proceeds to which this corporation shall retain an undivided onehalf interest in. Said mortgage to be amortized over a period of ten years at the rate of per annum interest with monthly payments of $459.00 or more. ��Bxj IT FURTHER. RESOLVED that the president is hereby authorized and directed to execute for and in the name of the loJTRjj COLLxiuE OF KENTUCKY, and the secretary is hereby authorized and directed to attest and affix the seal to a Deed conveying the property above referred to, for the consideration and upon the terms set out above. TN^HITijjSS WHEREOF I have hereunto subscribed my name and affixed the^sea^of the said corporation this 11th day of December, 1951 * W. P^CaTawall Seci^tary Mr. Arnicar made the report for operations through November 30, 1951» as business manager, showing that the college is running somewhat behind in anticipated income to the extent of $77U?64 and also is running ahead in expenditures to the extent of $3»973->210 However, Mr. Arnicar pointed out various factors which would indicate that these differences will be adjusted in succeeding months, and so there is every expectation that the operations of the college will continue in accordance with the budget previously adopted by the Board of Trustees. On motion it was voted that the report of the business manager be received and filed (see attached copy of this report). Mr. Arnicar reported the need of some funds for operation between now and January 20, and therefore on motion the business manager of the college was given authority to borrow up to 020,000;00 between now and February 1, 1952, to cover operating expenses of the college. President Groves reported additional cash gifts on the emergency campaign since November 10, 1951 of $3 * 9 *5^. 9^» which includes the payment of pledges amounting to $1,260.00 and new gifts of $2,69^.9^. Total cash received to date on this campaign is $35»797»9^, pledges are $5 ^ *35.00 for a total of $U1,632.9^. President Groves reported that approximately S12,755.80 of the above $U1,632.9^ can be applied to any operating deficit for 1951-1952 * President Groves also reported a gift of $5,000.00 from the Kentucky Utilities Company for 1952 for operating expenses of the college, payable in monthly installments of $500 0 *0 for. ten months beginning January 1, 1952. President Groves reported the receipt of ^10,027.95 from church boards and churches since the last report of September 10, 1951 was made. * Thus the total receipts to date during 1951 from church boards and churches now stand at $31»372.95» which compares with a total of $10,356.3^ for a similar period during 1950. Mr. Bob Ensminger, alumni secretary, reported total cash and pledges of $^+,703.50 from 218 different contributors on the eleventh annual alumni fund campaign, which has just begun. This amount is $291.00 ahead of the same date last year. Mr. Ensminger pointed out, however, that in spite of the letters already sent by a number of class managers that gifts are coming in more slowly than was anticipated. �< •. \ . >I •' - r • - U •• .. . • ■ . , • .. , ■’ • * ’ • • * ■ - J ,!-■ - . �86 President Groves reported that since January 1, 1951, $^,325.33 has been collected on pledges overdue to Centre’s forward Program, and also during the year 1951 additional gifts of $5,500.00 were made to this fund, so that total contributions since January 1. 1951, to the forward Program stand at $9,825.33. President Groves also reported that total unpaid pledges on the Forward Program to date amount to 513.676,59, of which amount 5^,599.25 is due from those who were students when they marle their initial pledges. It is hoped that a good proportion jf this $13,6?6.59 still remaining of unpaid pledges will be realized. (Note: Practically all payments to the Forward Program are designated for the Alumni Memorial Building and are being so used.) Vice-President Stewart made a report on the gift annuity program of the college. After discussion it was voted that Vice-President Stewart be authorized to continue with the gift annuity program in an cord a nr. ft with the action of the trustees of December 16, 19^-9, and that anyone interested in making a gift annuity to the college be assured that the entire assets of the college are the guarantee for the fulfillment of all annuity contracts. ^ice-President Stewart made a report concerning the plans now in progress for the organization of the independent church-related colleges of Kentucky into a Kentucky educational foundation of independent churchrelated colleges to raise money from corporations for the senior churchrelated colleges of Kentucky. On motion it was voted to endorse the program, and Dr. Stewart was given authority to continue to work with the committee now discussing these plans. This motion was made on the under­ standing that final approval of the plans by the Board of Trustees will be given after they have been more definitely formulated, Reports on student promotion activities to date by Mrs. Nell Huston Allen and Mr. Paul Cantrell were read. President Groves reported that due to the scarcity of materials necessary for the installation of stadium lights and the inability to get the required priorities for those materials that this installation will have to be postponed probably until 1953 or later. President Groves reported the appointment of the following trustees to discuss with Dr. Cowan his desire to resign as president of the Board and chairman of the Executive Committee, this appointment being in accord with the action of the full Board meeting of November 10, 1951. This committee is as follows: Mr. Samuel B. Jones, chairman, Mr. Logan Caldwell, Mr. W. P. Caldwell. Adjournment. W. P. Caldwell Secretary �■ * ■ ■ t. etw o ’ <f . > •■ •• . OU? / * 'j •: %r i ,.i .31 nr-.' oo �Emergency Fund Campaign The Emergency Fund. Campaign authorized, by the Board of Trustees tti their meeting of January 19> 1951, has yielded the following zery satisfactory results to date. From trustees of the college: Cash Pledges $4,550.00 5,450.00 From alumni and friends of Centre College outside of Louisville: Cash Pledges 5,4oo.oo 3ooaoo From aliinni and friends in Louisville: From personal, visits Cash Pledges 3,525.oo 700.00 From alumni and friends in Louisville: Committee of Friends of Centre College Cash Pledges 17,360.00 245.00 Total 30,835.00 6,695.00 Cash Pledges $37,530.00 GRA17D TOTAL This effort lias already yielded most gratifying results. It, together with economies in expenditures, has resulted by now in the entire elimination of the deficit for operations for the year 1950-1951. The results of the campaign in Louisville are by no means all in, so that at present writing it looks as if the probable deficit of $14,275.64 for the current year 1951-1952 will be met by additional gifts. The following gifts have been received since the books were closed on August 31, 1951: Cash Pledges Total $13,085.00 245.00 $13,330.00 However, the goal of $100,000 set by the Committee of Friendscf Centre College in Louisville is not an unreasonable one and will have to be met if the deficit for the year 1949—1950 is to be eliminated, wnich is still impairing very seriously the cash position of the college, and also if the college is to carry through the year 1952-1953 without a deficit, for it should be noted that in all likelihood the year 1952^1953 will present more serious financial problems than the current fiscal year, due to the fact that there will prooably be a further decrease in enrollment. This further decrease is almost unavoidable in the face of the continued draft requirements of the armed forces, the continued deci eased number of young men and young women reaching eighteen years oi age, and the increased demand of industry for personnel ns long as the present rearmament program continues. There will be no real turn for the better, as far as college enrollments are concerned, for another two or possibly three years. ��Meeting of the Executive Committee of the Board of Trustees I < January 13, 1952 The meeting was called to order by the chairman, Dr. J. R. Cowan. Prayer was offered "by Dr. Jesse Herrmann. Present were Dr. J. R. Cowan, Messrs. Logan Caldwell, Fred Wachs, Sam Jones, Ike Lanier, and Dr. Herrmann, and President Groves and Vice-President Stewart. I The minutes of the meeting of December 21, 1951, were approved as circulated. In the absence of Mr. W. P. Caldwell, secretary, Dr. J. R. Cowan, the chairman, appointed Mr. Ike Lanier as secretary pro tern. I Mention was made of the deaths of two trustees, Mr. Wallis and Dr. Miles, since the last meeting of the Executive Committee, who have been devoted and effective members of the Board for many years, and Dr. Cowan, chairman, appointed Dr, Jesse Herrmann and Mr. Fred Wachs as a committee on resolutions on the deaths of Mr. Fred A. Wallis and Dr. Robert W. Miles. Mr. Fred Arnicar made his report as business manager of the college. (See statements attached.) Particular attention was called to those items of the budget for which expenditures have exceeded allotments for the first quarter of the year, though Mr. Arnicar expressed the view that most of these accounts would be in balance before the close of the fiscal year. At the same time attention was also called to the increased income of $7,251 6 *? over expectations for the first quarter of the year. This increase is due in large measure to increased giving from church boards and churches and also from individuals. After commendation of Mr. Arnicar for the fine job which he is doing as business manager, on motion the reports were approved and filed. President Groves reported additional receipts of $1,109.60 from the Pres­ byterian churches of Kentucky since December 21, 1951, divided as follows: $331.20 represents contributions of individual churches of the Synod of Kentucky of the Presbyterian Church, U. S. A., on 1951 account 4 *0 $338 represents contributions of churches of the Synod of Kentucky of the Presbyterian Church, U, S, A., on 1952 accounts. $360.00 represents special contributions from churches of the Synod of Kentucky, Presbyterian Church, U. S. President Groves reported additional cash receipts of $1,44-0.00 in the emergency fund campaign, making the total in cash received to date $37,237 9 *4. However, in this campaign President Groves also reported a decrease of $2,345 0 *0 in pledges, which is accounted for by the payment of $345 0 *0 in pledges already included in the increase in cash and the removal of the pledge of Mr. Frederick A. Wallis, deceased, of $2,000.00, since there is a question at present as to whether or not this pledge will be collected in view of the fact that Mr. Wallis made no �I �89 mention of it to anyone of his family, nor did. he make any mention of it in his will. Mr. Bob Ensminger's report as alumni secretary of progress with the eleventh alumni-ae fund campaign was read, which indicates that to date 447 con­ tributors have made gifts of $12,994.00 in cash and $973.50 in pledges for a total of $13,967.50. By January 18 a year ago 194 contributors had given $11,779.50 in cash and $400,00 in pledges for a total of $12,179.50. President Groves reported on the stock certificate gift of Mr. and Mrs. Paul Blazer of approximately $3,000.00 received since the last meeting of the Executive Committee and also the receipt of $500.00 from the Kentucky Utilities Company, the first of their ten monthly payments on the pledge of $5,000.00 made to the college a month ago. A letter from Mr. Elbert Gary Sutcliffe reaffirming his desire to resign from the Board was read. On motion it was moved that the Executive Committee recommend to the full Board at its next meeting that Mr. Sutcliffe’s resignation be accepted with regret. President Groves called attention to the two vacancies on the Board caused by the deaths of Mr. Fred A. V’allis and Er. Robert W. Miles and suggested that these vacancies be filled at the June meeting of the Board of Trustees if possible. President Groves read a letter from Mr. James E. Wolfe, acting director of the Pepartment of Research and Education of the Kentucky State Federation of Labor, requesting permission to hold the seventh annual Kentucky Labor School some­ time during the summer on the campus of Centre College of Kentucky. President Groves pointed out the difficulties in acceding to this request, and it was voted, therefore, that a reply be sent to Mr. Wolfe stating that in view of commitments already made to five church organizations for summer conferences and also the fact that the facilities of the college will be in use during the summer school period it will be impossible to provide space for this labor school. President Groves read the report submitted by the registrar's office and also the office of admissions concerning enrollment prospects for 1952-1953. As far as can be determined at the present time from these reports, it would appear that the enrollment for 1952-1953 will be approximately the same as this present year. It was voted to accept the gracious invitation of Er. Herrmann and Mr, Wachs for the Executive Committee to be their guests at lunch in Lexington for the February meeting and to hold that meeting in Lexington immediately following this luncheon. The date set was February 15. 195-2, at 12:30 P.m. It was also taken by consent that the March meeting, if possible, be held in Louisville, Ike Lanier Secretary pro tern ��Assets Current Funds General Fund Cash in Bank Cash on Hand CENTRE COLLEGE OF KENTUCKY BALANCE SHEET STATEMENT OPERATING FUND December 31, 1952 1,765.07 1,185.00 2,950.07 1,550.00 12,871.24 Notes Receivable Accounts Receivable Rue from Other Funds: From Farris Fund From Evans-Sumrail Sch. Fund 156.07 8,576.69 Inventories Deferred Expense Prepaid Insurance Suspense Account Tota.1 Assets-Current Fund: Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld Borrowed Money 16,992.56 2,736.57 26,358.78 1,250.00 73,441.93 4,811.49 12,335.50 4,153.30 172.75 120.38 1,032.52 23,500.00 46,125.94 Due Other Funds: Forward Fund Scholarship Fund Prize Fund 14,708.43 7,658.88 4,250.34 26,617.65 Prepaid Charges: Cafeteria Meal Tickets Board Charges, K. C. W. Coupon Books 4,324.93 4,962.51 ____ 25.33 9,312.77 Reserves: Carnegie Educational Grants Gifts for Designated Purposes Library Research Program Athletic Dept. 6,465.78 4,985.60 151.47 6,871.29 151.45 18,625.59 Agency Funds: Room Damage & Key Deposits Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at: Dec. 31.1952 Total Liabilities-Current Fund: 207.50 100,889.45 57,476.57 30,029.10 27,447.47 73.441.98 ��91 CENTRE COLLEGE OF KENTUCKY ST/TEMENT OF INCOME & EXPENSE 0PER.'.TING FUND December 31, 1952 Incope: Educational & General: Student Fees Tuition & Fees Other Fees 84,672.50 411.00 85,083.50 Endowment Income Unrestricted Real Estate-Unrestricted Unalloceted Endowment Earnings 173.50 8,201.64 25,403.04 33,778.18 Gifts Synod of Kentucky, U. S. Churches Individuals 3,150.00 564.16 25.00 _3i739.tl6 Total Education & General Income: Auxiliary Enterprises & Activities Residence Halle-K. C. W. Residence Halls-Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre College Tea Room, K. C. W. Coffee Shop, Centre College Bookstore & Postoffice 122,600.84 9,155.00 6,377.32 1,547.75 20,787.99 16,479.75 1,070.26 5,589.35 10,558.36 71,565.78 Other Non-Educational Income Gifts Gifts-Alumni Fund Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Other Income 13,440.52 5,000 00 3,500.00 1,440.00 11,127.55 14,045.00 1,804.25 5O135.7.32 Total Income: 244,523.94 ��December 31, 1952 Expense Educational & General: Administration & General * President’s Office Business Office Treasurer’s Office Dean & Registrar's Office Alumnae Office & Stu. Pro., Women Dean of Women’s Office Admissions & Stu. Pro., Men General Expense Board of Trustees 4,621.72 3,180.80 1,941.99 2,863.99 2,540.23 1.353.07 2,714.14 3,018.99 10.00 22,244.93 Instructional Instruction Library Operation & Maintenance Endowment Real Estate 44,655.31 5,871.89 21,935.31 4,198.13 76,660.64 98,905.57 Total Education & General Expense Auxiliary Enterprises & Activities Residence Halls-K. C. W. Residence Halls-’iseman Residence Halls-McReynolds Residence Halls-Breckinridge Centreville Dining Hall-K. C. W. Cafeteria, Centre College Tea Room, K. C. W. Coffee Shop-Centre College Bookstore <£• Postoffice 4,827.15 91.59 29.30 3,335.09 1,040.19 21,200.56 18,173-04 1,229 06 5,761.78 10,642.43 66,330.19 Other Non-Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Bus Service Housemothers, Fraternity Houses Central Stores Warehouse Operating Gain at Dec. 31, 1952 5,610.83 4,817.41 700.00 454.74 10,122.03 26,093.00 373-37 600.00 A87.7Q 49,259.08 214,494.84 30,029.10 244,523.94 ��ST.TEMEiTT or PROFIT & LOSS CAFETERIA, CENTRE COLLEGE Income: Students Employees Guests Rancuets & Dinners Conferences Training Table Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs Records, Supplies, Etc. Exterminator Service Ren t s Total Expense: Gain or (Loss) Month of Dec. 1952 Year to date to Dec.31,’52 3,418.6? 331.25 .00 .00 .00 _______ .00 3.749,92 13,868.30 1,148.75 .00 .00 464.90 997.60 16.479.75 591.65 2,346.12 2,937.77 618.71 2,319.06 248.18 11,836.83 12,085.01 618.71 11,466.30 345.00 865.OO .00 .00 .00 .00 .00 .00 15.03 17.66 .00 32.17 119.13 18.90 .00 20.00 258.33 4,010.28 (260.36) 3,749.92 1,380.00 2,916.00 38.40 5O.52* 39.00 43.45 22.86 3.18 64.06 66.02 107.61 32.17 444.35 46.75 8.50 40.00 1.1Q33.32 17,802.51 (1,322.76) 16,479.75 ��STATEMENT OF PROFIT & LOSS DINING HALL, WOMAN’S DEFT. Month of Dec., 1952 Income: Students Faculty & Officers Snployees Guests Banquets & Dinners Conferences Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold Salaries Wages Extra Help Fuel for Cooking Ice. Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense: Gain or (Loss) Year to date to Dec.JI,’52 3,872.20 109.76 769.52 .00 .00 ____ 26,98 4,828.46 16,766.74 439.04 2,557.58 57.65 .00 966.98 20,787.99 803.71 2,035.94 2,839.65 650.00 2,189.65 376.10 11,7^6.31 12,122.41 650.00 11,472.41 279.33 1,804.50 16.00 .00 .00 .00 59.02 .00 .00 19.27 .00 ,.00 65.87 1.50 8.86 20.00 350.00 ______ .00 4,814.00 14.26 4,828.26 1,117.32 5,832.00 128.00 80.12 24.00 11.80 300.47 7.90 40.32 89.57 47.41 .00 233.77 18.29 35.44 40.00 1,400.00 47.84 20,926.66 (138.67) 20.787.99 ��95 Meeting of the Executive Committee February lj. I952 After a delicious luncheon in the home of Mr. and Mrs Fred 3. Wachs, * where the members of the Executive Committee were the guests of Mr. and Mrs. Wachs and Dr. Jesse Herrmann, the meeting was called to order by the chairman Dr. J. R. * Cowan * Members present were Dr. J. R Cowan, Messrs. Jones, Wachs Van Winkle, * * Lanier, Dr. Herrmann, and Mr J. E Wiseman and President Groves Vice-President * * * * * Stewart and Business Manager Mr. Arnicar, The meeting was opened with prayer by Dr. Herrmann. On motion the members of the Executive Committee and all present offered i vote of sincere thanks to hr. and Mrs. ’’achs and Dr. Herrmann for the very fine Luncheon * The minutes of the meeting of January 18 * The chairman appointed Mr * 1952, were approved as circulated * Ike Lanier as secretary pro tempore, * Mr Fred Arnicar, business manager, made the business manager’s report or operations through January 31 1952. The report shows that income is running * 8 * 930.01 ahead of expectations of the budget, while expenditures are running 6,623.85 over expectations of the budget * The overage in expenditures is prinipally in operation and maintenance, as pointed out by Mr Arnicar, where it has * een necessary to make a number of expenditures of an emergency nature not nticipated by the budget. Mr Arnicar did point out that on the whole the picture * 9 an encouraging one in view of the fact that increased income is more than taking are of increased expenditures by $3,206.16 * It was pointed out, however, that wording to the budget itself there is anticipated a deficit of $12,131 3 *9, which ist be met in the course of the year * Mr. Arnicar also pointed out that the aerating gain as indicated by the balance sheet for January 3^ 1952, stands at * 2 * ^ 05.89 in comparison with an operating gain of the same date a year ago of * LI 143.78, so that in this respect the college is $13,000 0 *0 better off this year lan a year ago in spite of the decreased enrollment. Not a small part of this stter situation is due to the increase in fees for the year plus other economies dch are being exercised * On motion it was voted to receive the reports of the business manager id. file them * The report of the alumni secretary, Mr, Bob Ensminger, was read, showing at 672 givers through February 15 1952, have paid $15 * 9 *66,50 in cash and ♦ 295.50 in pledges for a total of $17,262.00. Mr Ensminger’s report pointed out * at by February 15 1951 255 givers had contributed a total of $15,7^0 * * 0 *0 in cash d $716.00 in pledges for a total of $16 4 *56.00 Thus, while there are 417 more ntributors at this time than at the same date a year ago, the fund is only %.00 in advance of the fund of a year ago due to the fact that several of the rgest contributors to last year’s fund have not been so generous this year, -'ever, in view of the fact that there are still more major mailings planned for 9 fund, it is hoped that more will ultimately be realized this year than a year ��96 The report of the registrar was read, showing an enrollment for the second semester of 213 men and 138 women for a total of 351 students, a decrease of 34 students over the enrollment for the fall of 1951. However, the report pointed out that a total of 50 students who were in college in the first semester did. not return for the second semester for the following reasons: 6 graduated; 12 withdrew, of whom 5 were girls who left college to marry; 10 were dropped for poor scholarship; 14 transferred to other colleges, 10 of them in order to get into RCTC units in other colleges; 3 men withdrew to enlist; and 5 withdrew who are planning to return to college again in September, 1953. Pre-enrollment for the fall semester at present stands at 16 men and 34 women, which is some 14 students better than this time a year ago, according to the registrar’s office. Vice-President Stewart reported in detail concerning the meetings being held among representatives of eight colleges (Bellarmine, Berea, Centre, Georgetown, Kentucky Wesleyan, Transylvania, Union, Villa Madonna) with a view to the formation of the Kentucky Independent College Foundation for the purpose of raising funds for these colleges among businesses and corporations in Kentucky. After full discussion it was voted that Centre College of Kentucky participate in the Kentucky Independent College Foundation as proposed in the constitution and by-laws as read by Dr. Stewart and that it agree to underwrite its share of the expenses for the first year of operation of this foundation, an amount not to exceed $2,500.00, and also to assume its share of active solicitation on the condition that the other par­ ticipating colleges assume a like amount of support and be responsible for a like amount of personal solicitation by the president or vice-president or similar officer of its institution. President Groves reported completion of the sale of the Chicago property (3118-30 North Clark Street and 806-16 Barry Avenue, Chicago, Illinois) and the receipt of a check of $22,797,04 covering the balance of the down payment of $24,000.00 after the deduction of the cost of revenue stamps, $93.40; pro-rations due purchaser as accounted for, $609.56; and sellers’ title charges of $500.00. Prom this $22,797.04 the following deductions were made and checks sent to the following: to Rubloff and Company, real estate agents who handled the transaction, for their commission, $4,000.00; to Bacon, Whipple and Company for the services of J, Waller Marshall for representing the college and Miss Lucy and Miss Sarah Peet, $1,000.00; to Rudnick and Wolfe, $745.92, $300.00 for legal ser­ vices for Centre College of Kentucky and Miss Lucy and Miss Sarah Peet, $400.00 to guarantee the title with the United States Fidelity and Guaranty Company-, and $45.92 for incidentals. After these deductions of $5,745.92 were made from the amount received of $22,797.04, there remained a balance of $17,051.12. Of this amount, one-fourth or $4,262.78 was sent to Miss Lucy Peet, one-fourth or $4,262.78 was sent to Miss Sarah Peet, and one-half, $8,525.56, was turned over to the treasurer of the college. After thorough discussion it was moved and carried that the collection of the note of $60,000.00 for the balance of the payment on the above-mentioned Property be placed in the hands of the City National Bank and Trust Company of ���Chicago, who have offered to assume the responsibility for collections on this note for a flat fee of $100.00 per year, $50.00 to be paid by Centre College of Kentucky and $25.00 each by Miss Sarah and Miss Lucy Peet, It was further moved and carried that the necessary resolution to enable the City National Bank and Trust Company of Chicago to assume this responsibility for Centre College of Kentucky be signed by the president and secretary of the Board and the president of the college. (See copy attached.) On motion of the special committee composed of Mr. Wachs and Dr, Herrmann, the following resolution on the death of the Reverend Robert Whitfield Miles was voted, and it was further voted that a copy of this resolution be sent to Mrs, Miles and to the officers of the First Presbyterian Church of Lexington, Kentucky. The Reverend Robert Whitfield Miles finished his earthly career on January 3, 1953. For almost two decades he shared his time, counsel and enthusiasm with the members of the Board of Trustees and faculty of Centre College. We cherished him as a devoted friend, a sincere Christian, an inspiring speaker and a thorough scholar. Gratefully we enter this minute in the permanent records of the college. To his widow and his children we express our deep sympathy. On the recommendation of the special committee composed of Mr. ’Wachs and Dr. Herrmann, the following resolution on the death of Mr. Frederick A. Wallis was voted, and it was further voted that a copy of this resolution be sent to Mrs. Frederick A. Wallis of Paris, Kentucky. In the passing of Mr, Frederick A. Wallis Centre College lost a loyal and helpful friend. Regular in attendance at all functions, when health permitted, Mr. Wallis used his talents as a speaker and Christian gentleman to further the best interests of the college. He was always alert to the need for good relationship between church and school and did much to establish the pleasant working arrangement that now exists. The optimism him that wife our officers, the board, and the faculty will miss the cheerful and warm greetings displayed at all times. Nature so endowed it will be difficult to fill his place. We extend to his good very sincere sympathy. The report of the Committee on Honorary Degrees was read recommending the Reverend Edward L. R. Elson of the National Presbyterian Church of Washington, C., for the honorary degree of doctor of letters; the Reverend W. R. Clarke of the Second Presbyterian Church of Louisville, Kentucky, for the honorary degree of doctor of divinity; and Mr. Gerald Haywood, director of research for the West Virginia Pulp and Paper Company of New York City, New York, for the honorary degree of doctor of science; and it was voted that these recommendations of the Honorary Degree Committee be submitted by mail to all the members of the Board for their approval with the understanding that there would be an honorary degree approved also for the commencement speaker yet to be chosen. A letter from Mr. Andrew Y. Rogers representing the law firm for Mrs. -ee with regard to the settlement of the estate of Robert M. Trimble, Jr., to Mr. •Ouis Seelbach was read as follows. ��February 11, 1952 Re Estate of Robert M, Trimble, Jr. Mr. Louis Seelbach Kentucky Home Life Building Louisville, Kentucky Dear Mr. Seelbach: We have finally had success in the application for a ruling from the Treasury Department, and I am enclosing two photostatic copies of the s me, a I am also enclosing a proposed agreement, dated February 11, 1952, which Mrs. Lee has signed individually and as executrix to finally dispose of the matter. The agreement enclosed is in quadruplicate so that the ribbon copy may be filed with the county judge of Broward County, Florida, and each college and Mrs. Lee may have a signed copy. As soon as each of the colleges has signed the agreements and has returned to me Mrs. Lee's copy and the court's copy, I shall file the original agreement and obtain the court’s approval. Please advise me if you have any questions. Will you please see that the acknowledgments are completed as to the president and secretary in each case. Unfortunately Florida law requires, in the case of the corporation, that an acknowledgment be made by both the president and the secretary. If the notary or other officer taking the acknowledgment will affix his seal, no county clerk’s certificate will be necessary. This has been so long in the making that I hope that the colleges sign expeditiously so that the executrix can close it out as promptly as possible Mr. Morris has written me that certain leases made by the executrix have not yet been formally approved by the court as yet, and in connection with obtaining the court’s approval we would like to have the colleges sign the enclosed consents. I assume that they would not need to have copies of the leases, and I shall not make a set for them. I enclose a copy of the consents, however, for their files. Sincerely yours, Andrew Y. Rogers It was voted that the papers mentioned in the above letter be duly signed and forwarded as expeditiously as possible. ��99 I eI President Groves reported that a letter had already been written to the Kresge foundation of Detroit, informing them that this estate was soon to be settled and the money applied to the payment of the note on the Alumni Memorial Building and therefore the college would be requesting in the near future the conditional pledge of $25, 00 made by the Kresge Foundation two years ago. President Groves reported the untimely death of Mr. Herbert Pryor, associate professor of sociology, and on motion it was voted that the president of the college draw up an appropriate resolution on the death of Mr. Pryor to be sent to Mrs. Pryor and to his friends, Dr. and Mrs. W. T. Semple. President Groves read a letter from Dean Jones informing him of an award made to Dean Jones of $2,50.00 for post-doctoral study and his resulting plans to study during the summer and academic year of 1952-53 at one of the universities in England. In reply to the request of Dean Jones, it was unanimously voted that he be given a leave of absence from the summer of 1952 through the glimmer of 1953 in accordance with his plans, that the trustees further express their congratulations to him on this well-deserved award, that ho be further assured that the college wants him to return as dean of the college at the conclusion of this period of study abroad, and finally it was voted that the college supplement the grant received by Dean Jones for this study by $1,629.00, an amount to cover his entire TIAA premium for $525.00 for twelve months and his entire Social Security premium amounting to $104.00 for twelve months,and an additional cash supplement of $1,000.00 toward his necessary expenses. It was pointed out that the basis for making this grant of $1,629.00 to Dean Jones is the fact that the college stands to benefit by this added study and experience on his part and also it is a recognition of the prin ciple of granting sabbatical leaves to members of the faculty, a principle which should be put into operation as soon as finances permit it. A letter from Mr. John Goodrum Miller of the Class of 1906 enclosing a copy of the will of the late Mr. Phillips T. Barbour was read in which attention was called to a residuary legacy from certain insurance policies of Mr. Phillips T. Barbour which may eventually come to Centre College of Kentucky. * On recommendation of President Groves and Dean Jones and with the thorough approval of Professor Frank Heck, head of the department of history and political science, it was voted to promote Mr. Dwight Ling, instructor in the department of history and political science, to the rank of assistant professor, this promotion to take effect as of February 15, 1952. Mr. Arnicar, the business manager, reported for Mr. Logan Caldwell the sale of the Yowell property at 525 West Main Street, Danville, Kentucky, on January 31, 1952, to Carlyle V. Dozier and Claude A. Akin, Jr., for $10,000.00, $3,000.00 paid in cash and $7,000.00 by a five-year note bearing 5% interest beginning January 31, 1952. The sale included the house and only part of the lot, namely, a frontage of 751/2 feet on Main Street and a depth of 131 feet. This leaves the land behind the house to a depth of approximately 500 feet which adjoins that of the back of the Blanton property belonging to the college still the property of the college. Adjournment. Ike Lanier Secretary pro tem ��Meeting of the Executive Committee March 21, 1952 ( 100 The meeting was called to order by the chairman, Dr. I. R. Cowan, Prayer was offered by Dr. C. M. Stewart. Present were Er. Cowan, Er. Herrmann, Mr. Logan Caldwell, Mr. W. P. Caldwell, and Mr. J. M. Van Winkle, and President Groves and Vice-President Stewart. Mr. Fred Arnicar made his monthly report as business manager, showing that on a comparative basis while expenditures are in advance of the expectations : of the budget as of February 29, 1952, by $8,747.38, income is also more than expectations for the same date by $9,862.38, or, in other words, operations are $1,115.00 ahead according to budget expectations. The balance sheet statement also reveals an operating gain at February 29, 1952, of $104,761.96, compared with an :operating gain of $89,471.26 for the same date in 1951. Thus comparatively the : operational budget of the college is in better shape than a year ago according to the report of Mr. Arnicar. On motion it was voted to receive and file the report. , In view of the fact that the sale price of the Barry-Clark property in Chicago yielded $38,525.56, whereas this property has been carried on the books of the endowment fund at a value of $52,371.85, it was voted that the treasurer of the : college be given authorization to write down the amount of this item in the endow­ ment funds to an amount equal to the sale price, namely, $38,525.56. I In view of the fact that the treasurer of the college has liquidated $15,000.00 of the specified investments of the Synott Fund, it was voted to replace this by $15,000.00 of interest in the 5% mortgage note of $30,000.00 of C. P. Edwards on the Ridgefield Farm of the endowment funds of the college. Following the sale of the Yowell property located at 525 Vest Main Street, Danville, Kentucky, in accordance with the authorization of the Executive Committee of the Board of Trustees of June 2, 1951, it was voted that the president of the Board of Trustees be authorized to execute the deed of conveyance for this property. It was voted that of the cash realized to date of $38,377.94 from the emergency fund campaign $15,038.75 be applied to cover the deficit of 1950-1951 the same amount. On recommendation of President Groves, it was voted to employ Mr. Le Roy ’Ulrich of Madison, Wisconsin, as assistant professor in the Department of Psychology and Education at a salary of $3,300.00 a year to begin September 1, 1952. (See explanation and biography attached to these minutes.) President Groves reported that the following had been approved by the Board of Trustees for honorary degrees, though four members of the Board had not yet sent in their ballots, The Honorable Wayne Morse, United States Senator from Oregon and commencement speaker, for the honorary degree of doctor of laws. Mr. Gerald Haywood, director of research for the best Virginia Pulp and Paper Company, for the degree of doctor of science. �C r 9 aK t , i ij >.• \.r ».• nos Is. J i �— 2— 101 The. Reverend Edward L. R. .Elson, pastor of the National Presbyterian Church of Washington, D. C., and. baccalaureate preacher, for the honorary degree of doctor of literatures The Reverend W. R. Clarke, pastor of the Second Presbyterian Church of Louis­ ville, Kentucky, for the honorary degree of doctor of divinity. President Groves reported the receipt of letters of appreciation for the expressions of sympathy by the trustees and administration of the college from Mrs. Frederick Wallis of Paris, Kentucky; from Mrs. Robert Miles of Lexington, Kentucky; from Mrs. Henry H. Sweets of Louisville, Kentucky; from Mrs, Herbert Pryor, now of Clarkton, Missouri; and from Mrs. A. R. Hodgkins of Danville, Kentucky The following resolution on the death of Dr. A. R. Hodgkins, professor and head of the Department of Economics, drawn up by a special committee composed of Dr. Alden Vaughan and Dr. Arnold Come of the faculty, was approved by the trustees, and Lt was voted that the trustees join with the faculty of the college in this resolu;ion and that a copy of it be sent to Mrs. Hodgkins. On February 23, 1952, the sudden death of Alton Ross Hodgkins, our friend and colleague, left the Centre College community considerably stunned and saddened. Dr. Hodgkins had been a member of the faculty of Centre College since September 1947, and was Head of the Department of Economics and Business Administration at the time of his death. Although his chief work was in the realm of business organization and economic theory, he brought to this task his wide knowledge of philosophy and the humanities. His unusual facility in the classics and in literature greatly heightened the interest and depth of his courses in economics. Dr. Hodgkins was respected by his students and his fellow professors for his broad learning and his ability to make use of it in his teaching. Professor Hodgkins’ fellow members on important committees with which he has served will especially miss his considered opinions and his sage and humane advice. The quiet wit and unassuming manner of expression of this man were infectious and colored his conversations and lectures. Although he revealed a calm exterior, Dr. Hodgkins carried many problems of life in his mind and worried more over them than many men do, for he had a keen insight into such matters. Outside of the college Professor Hodgkins maintained a lively interest in local affairs. He was a leading figure in the newly-formed Committee on Institutions of Boyle County, and he was an active worker in the Trinity Episcopal Church which is already feeling the loss of his deep concern and unselfish service. Many of us will miss most the warmth and charm of his home which it has been our privilege to know and appreciate as the product of the mutual devotion of Dr. Hodgkins and his wife, our friend, Mrs. Blanche Hodgkins. It is our desire that this inadequate evaluation of our colleague’s Influence and place in the minds of his community, church, and college be recorded in the faculty minutes and a copy sent to Mrs. Hodgkins. ��-3- 102 The following resolution on the death of Mr. Herbert Pryor, drawn up by a special committee of the faculty composed of Dr. J. M. Jones and Mr. Dwight Steere, was approved, and it was voted that the trustees join with the faculty in this expression of sympathy and that a copy of the resolution be sent to the family of Mr. Herbert Pryor. Herbert Pryor, who was a member of our college faculty for a year and a half, died on Friday, January 25, 1952. From the moment he came here in September, 1950, he began to win the admiration, respect, and warm affection of Centre College teachers and staff members. We knew him first as the courageous father of our colleague, Mrs. Betsey Pryor Castleberry. During the period of his daughter's illness, Mr. Pryor valiantly took up her burden and taught with vigor and spirit the courses that she came here originally to teach. The successive blows of the ill health and death of their daughter were borne by Mr. and Mrs. Pryor with high Christian faith and courage. Those who knew Mr. Pryor and had opportunity to talk with him were warmed by his optimism and friendliness and his genuine interest in the students in his classes. He was vitally interested in the affairs of the day, both in our own small community and in the world at large, and his breadth and generosity of mind enabled him to be much more than an instructor of the facts in education and sociology. The spiritual contribution of Mr. and Mrs. Pryor to the college, the Second Presbyterian Church, and the community of Danville is beyond our capacity to measure. We join with Mrs. Pryor and her family in lamenting the loss of this friend, and we recommend that this record of our feeling be included in the faculty minutes and a copy be sent to Mrs. Pryor. The following report on the progress of the eleventh alumni fund campaign was received from Mr. Robert Ensminger, alumni secretary. Date No, of Givers 10th Fund March 21,'51 337 11th Fund March 21,'52 703 Cash $17,385.00 Pledges $ 897.00 16,357.00 ’1,295.00 Total 703-Gift Date $18,282.00 June 4th '51 17,652.00 March 21,'52 It was voted to receive this report with special commendation for the fact that the number of alumni givers to date is more than twice the number of those who had contributed to the fund at the same time a year ago. Vice-President Stewart made a report on the very fine organisational meeting of the trustees of the newly-formed Kentucky Independent College foundation held in Louisville, Kentucky, at the Pendennis Club on Thursday, March 20, 1952, which was followed by a dinner under auspices of the Kentucky Bankers Association, to which not only trustees of the Foundation but a number of trustees of the colleges concerned were also invited as well as other interested leading business men in Kentucky. Some sixty-eight in all were in attendance. (Dr. Stewart was chairman of the four-man committee, composed of President Frank Rose of Transylvania, Chancellor Leonard Smith of Georgetown, Vice-President Father Treece of Bellarmine, Md himself, which organized this meeting.) In order that the work of the Kentucky Independent College foundation get under way as rapidly as possible, the Executive Committee of the trustees of the Foundation have requested that Dr. Stewart be released by the college for three i ��103 days a week for three months beginning April 1, 1952, to work for the Foundation in the hope that in that interval the Executive Committee will be able to locate an executive secretary. Therefore contingent on the agreement of Dr. Stewart, it was voted that the request of the Executive Committee of the foundation be granted on the condition that the trustees of the Foundation pay Dr. Stewart at the rate of $85.00 Per week for three months beginning April 1, 1952, and that Dr. Stewart reimburse Centre College at the rate of $74.3O per week during the same period, the difference in the afore-mentioned payments being due to Dr. Stewart on the basis of the additional work required by this service to the Foundation. In accordance with the action of the Executive Committee at its meeting February 15, 1952, the Executive Committee voted to approve formally the following contract between the Kentucky Independent College Foundation, Inc., and Centre 'College of Kentucky and further authorized President Groves to sign this agreement. I In consideration of its approval for membership by the Trustees of the Foundation for participation in the benefits of the Foundation and in further consideration of the covenants of the other participating colleges, Centre College, by action of its governing body evidenced by resolution dated February 15, 1952, a copy of which is attached hereto, hereby under­ takes and agrees as follows: 1. Upon execution of this agreement it will pay into the Administration Fund of the Foundation the sum of five-hundred dol­ lars ($500.00) and quarterly thereafter, on or before the first day of July, October, January, and April, additional sums of fivehundred dollars per quarter, provided that the total payments for the first year and each year thereafter shall not exceed two thousand dollars ($2,000.00) and provided further, should the Foundation determine that a lesser amount is sufficient then this obligation shall extend only to such lesser amount. 2. Through its president or other persons delegated by him, it will devote twenty (20) days each year to active solicitation of funds in the manner directed by the Foundation. If, by mutual consent, additional days of solicitation are provided by said college, satisfactory compensation will be made by the Foundation. J. In compliance with the policy of the Foundation the college will not solicit for its individual needs from corporations . doing business in Kentucky. By order of the Board of Trustees GOVERNING BODY OF CENTRE COLLEGE By President Walter A. Groves President Groves read excerpts from the survey report on Centre College of Kentucky made to the Presbyterian Board of Christian Education of the Presby­ terian Church, U. S. A., by Dean C. L. Winters, Jr., of Drake University, and a member of the survey committee of the Presbyterian Board of Christian education. It was voted to mail copies of this report at a later date to each member of the Board of Trustees. ��104 President Groves reported on the tentative reorganization of the adminisrative work of the college in line with some of the recommendations of the survey committee and also in line with previous recommendations of the special committee of he Board of Trustees on college organization. This reorganization plan will come ip for final approval when that special committee of the Board of Trustees makes its •©port at the next meeting of the full Board. President Groves reported on the need for an administrative officer of lean of men,who might also do some teaching, and without formal vote the consensus was to approve the idea and to make further investigation and recommendation on this latter. President Groves reported the spring schedule for intercollegiate athetics as approved by the faculty committee as an item of interest, and in the same connection a report of the intercollegiate football schedule for the fall of 1952 was made. According to announcement from the Farmers National Bank, executors for the estate of Mrs. Carrie Moore Magill, the college is shortly to receive funds to be .esignated in accordance with the terms of the will of Mrs. Magill as "The Magill Endowment Fund" of approximately $23,000.00. This amount, when received, will be added to the unrestricted endowment account inasmuch as no restrictions were placed upon the college as to its use. There was some discussion of the generous bequest of Miss Emma Weisiger, recently deceased,to Centre College for the construction and endowment of the Emma /eisiger Art and Music Building. Without a request for action at this time, President appoves recommended the following. 1. In all planning and thinking we proceed along the lines stipulated by the will, namely, of constructing the Emma Weisiger Art and Music Building on the Tunis property, exact location to be determined later, with the south or front wall of the new building approximately in line with the other buildings on the women’s campus, according to the stipulation of the will, and to this end the president of the college, Mr. Nevin, Professor Steere of the Department of Music, and Mr. Kellam of the Department of Art. be authorized to visit colleges in the vicinity, such as Hanover College, Union College, • Maryville College, and Wabash College, which have recently constructed music and art buildings, to determine the best features from the experience of these colleges, to be incorporated in an art and music building at Centre College of Kentucky. 2. That the college lay plans to raise the additional funds required of approximately $100,000.00 more or less two years hence to complete the Weisiger Art and Music Building. This year of 1954 would coincide with the 135th anniversary of the founding of the college, and the founding might be com­ memorated in this manner. Adjournment. W. P. Caldwell Secretary ��105 Employment of Mr. Le Roy Ullrich as Assistant Professor in Department of Psychology and Education I view of the fact that Dr. Thomas Cochran will retire at the end. of the present academic year, it is necessary to employ someone to take his place. Arrange­ ments have been made with Mr, Le Roy W. Ullrich, currently a graduate student at the University of Wisconsin, on the recommendation of Dean Jones and the special committee of the faculty, to begin work as assistant professor of psychology and education on September 1, 1952. Mr. Ullrich is thirty-seven years of age. He attended the University of Illinois 1939-1940. He received his bachelor of science degree from the University of Wisconsin in 1947 and his master of science degree from the same university in 1948. He expects to complete his work for the doctor of philosophy degree in the field of psychology in the summer of 1952. In addition to the very fine recommenda­ tions of the members of the faculty of the University of Wisconsin under whom Mr, Ullrich has studied, he was recommended most highly by the Presbyterian minister of Madison, Wisconsin, and also by the-former Presbyterian student pastor of the University of Wisconsin, Mr. Cecil Lower. Mr. Ullrich visited us here in Danville some time ago and met with the special faculty committee appointed to make recommenda­ tions on the appointment of a Person for this position. The committee was 'unanimous in their recommendations of Mr, Ullrich after reviewing his references and also meeting him personally. Football Schedule for 1951-1952 October 4 Maryville here October 11 Carson-Newman here October 18 Southwestern at Memphis there October 25 Bethel here November 1 Indiana Central there November 8 Sewanee there November 15 Georgetown here ��106 Meeting of the Executive Committee April 18, 1952 In the absence of the chairman, Dr. J. R. Cowan, Mr. Ike Lanier called, the meeting to order as acting chairman. Prayer was offered by Dr. Groves. Present were Messrs. Lanier, Van Winkle, Jones, Logan Caldwell, and W. P. and President Groves and Vice-President Stewart. The minutes of the meeting of March 21 were approved as circulated. On motion, the minutes of February 15, 1952, which authorized the signing of papers necessary to the settlement of the Trimble Estate, in accordance with the • letter of February 11, 1952, from Mr. Andrew Yo Rogers to Mr. Louis Seelbach (see minutes, February 15, 1952), it was voted to revise the minutes of February 15 to expand this resolution of those minutes to read as follows: BE IT RESOLVED that the President or any Vice-President and the Secretary or any Assistant Secretary be and they hereby are authorized to execute and deliver, and to affix the seal of the Centre College of Kentucky thereto, a deed or other instrument or conveyance conveying to Mary Ray Trimble Lee individually all of the right, title and interest of the Centre College of Kentucky in and to that certain lot, tract and parcel of land situate, lying and being in the County of Broward and State of Florida, known and described as follows, to-wit: Lots Four (4), Five (5) and Six (6) of Block Thirteen (13), IDLEWYLD, according to the plat thereof recorded in Plat Book 7, page 33, Broward County records; Lots Four (4) and Five (5), Block Ten (10), RIVIERA, according to the plat there of recorded in Plat Book 6, page 17, Broward County records; North 100 ft. (NI00) of Lots Six (6), Seven (7), and Eight (8), Block Ten (10), RIVIERA, according to the plat thereof recorded in Plat Book 6, page 17, Broward County records: Together with the buildings and improvements thereon and known as LaS OLAS CENTRE: TOGETHER with all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining. Mr. Arnicar made the report of the business manager for operations ending March 31, 1952, showing that expenditures have exceeded estimated budget expendi­ tures by $5,272.64, while estimated budget income has been exceeded by actual income •by $15,102.70, so that to March 31, 1952, the operational budget of the college is better by $9,830.06 than budget expectations. Explanation was given of each of the items which are varying from budget expectations, and upon motion it was voted to accept the report of Mr. Arnicar, business manager, and to file it as a part of the minutes of the meeting. ��107 President Groves reported the receipt of the check of the Kresge Foundation or $25,000.00 in accordance with their contingent pledge made on March 23, 1950, o f llowing the report of President Groves to Mr. Amos Gregory of the Kresge Foundation o t the effect that with the receipt of the check for the settlement of the Trimble state for $95,000.00, the receipt of $17,000.00 from the current alumni fund campign of 1951-52, and the receipt of $15,111.16 from the permanent improvement fund a f the Alumni Association in accordance with the vote of the directors of that o ssociatlon the college was prepared to pay off indebtedness on the Alumni Memorial uilding totaling $117,000.00 and complete the construction unfinished to date on b he building in an amount of approximately $35,009.00. In accordance with this t n i formation Mr. Amos Gregory under date of April 7, 1952, sent the check of the f undation, stating, "We understand you now have the funds to complete the improve­ o ments and additions to your physical education building as outlined in your letter of March 7, 1950, and that you have funds to pay off the indebtedness on that u b ilding. We are therefore enclosing cur check in the amount of $25,000.00 in full a pyment of the pledge.” President Groves further reported that the check had been acknowledged under date of April 17 and that, it had been further stated to Mr. G regory that with the $25,000.00 from the Kresge Foundation Centre College of Kentucky now has on hand the amount required to pay off the indebtedness on the building of $117,000.00 and to complete the uncompleted construction at an estimated amount of $35,000.00. President Groves further reported that under date of April 11, 1952, Mr. Louis Seelbach had sent to Mr. Andrew Y. Rogers the necessary papers including the receipt for $95,000.00 executed on behalf of Centre College for the final settlement on the Trimble Estate with Mrs. Mary Trimble Lee. It is to be expected, therefore, .hat this $95 0 *00.00 will be received within the next few days. In view of the fact that it was due largely to the personal efforts of the Late A. N. "Bo" McMillin in March, 1950, that Centre College of Kentucky received the pledge of $25,000,00 from the Kresge Foundation of Detroit and also in view of ’Bo" McMillin's contributions in many different ways to Centre College of Kentucky, i was voted that Mr. Nevin and a committee composed of Mr. Norris Armstrong, Mr. t Ben Cregor, and Mr. Logan Caldwell be appointed to work out a project such as a room or another section of the Alumni Memorial Building yet to be completed to be desig­ nated as "The ’Bo' McMillin Memorial.” The report of Mr. Fred Madden, assistant to the alumni secretary, on the Seventh alumni-ae fund was read, showing the following. DATE .8 Apr. 52 18 Apr. 51 FUND 11th 10th GIFTS 792 478 CASH $17,967.50 $17,761.00 $1,183.50 $1,086.50 TOTAL $19,151.00 $18,847.50 792-GIFT DATE 18 Apr. 52 only 734 gifts received for entire Fund A report from Mr. Bob Ensminger, alumni secretary, on alumni-ae meetings was read, showing that since September, 1951, twenty-six different alumni-ae meetings nave been held at Hopkinsville; Owensboro; Henderson; Paducah; Somerset; Harrodsburg; Paris; Bardstown; Glasgow; Shelbyville; Louisville (separate alumni and alumnae nestings); New York City; Washington, D. C.; Atlanta, Georgia; Indianapolis, Indiana, Jacksonville, Florida; Delray Beach, Florida; Miami, Florida; St. P tersburg, Florida, e Chicago, Illinois; St. Louis, Missouri; Memphis, Tennessee; Chattanooga, Tennessee; Knoxville, Tennessee; Nashville, Tennessee; and Cincinnati, Ohio. ��108 Mr. Ensminger also reported that meetings have been scheduled between now and May 12 at Lexington, Maysville, Stanford, Ashland, Harlan, Hazard, Mt, Sterling, Cleveland, and Detroit. Mr. Ensminger reported that attendance at all of these meetings has been somewhat above normal over previous years and that this indication of increased .nterest in the college is also evidenced in the increase in the number of contribu­ tors to the financial campaign over that of last year (see report above). It was voted to receive both the report of the alumni secretary and the assistant alumni secretary and to commend them for the fine activity of the office thls year. President Groves reported the following concerning the emergency fund campaign. From trustees Letters and visits Committee of Friends of Centre College in Louisville Cash $6,225.00 20,221.78 Pledges $1,800.00 3,100.00 20.157.94 $46,604.72 35.00 54,935.00 Total $51,539.72 Credited to gifts 1950-51 Deficit 1950-51 Balance available 1951-52 $12,875.00 15,038.75 18,690.97 4,935.00 $23,625.97 This represents an increase of $9,366.73 in cash received since January 18, ithe date of the last report, and an increase of $1,875.00 in pledges. President Groves presented the report of the office of admissions prepared oy Mr. Paul Cantrell, showing that to date pre-registration for September, 1952, ’stands at 35 men and ^7 women for a total of 82 students, which is a slight improve­ ment in total number over this time a year ago, though there is a slight decrease Ln the number of applications from women. It was voted to receive and file this report. Mr. Arnicar presented a bill from Mr. A. W. Walker for work done on the pionset hut storage buildings in 1947 and work on Breckinridge Hall and the DIZS fraternity House in 1947 and 1950 totaling $2,942.71. It was moved that this bill oe paid and charged against the surplus and deficit account of the college and not against current operations for 1951-1952. President Groves presented the financial outlook for 1952-1953. attached statement.) (See On motion it was voted that this report be incorporated in the minutes of the Executive Committee meeting to be circulated among all the members of the Board and that though the Executive Committee has no recommendations to make on any portion of this report at the present time it is recommended that at the full meeting of the 3oard to be held for two days, namely, Friday, May 30, and Saturday, ‘Lay 31, the 'Board be asked to take the steps necessary to enable the college to operate on a balanced budget for 1952-1953. ��109 In accordance with, the constitution of ths Board of" Overseers of Centre college of Kentucky, the -executive committee nominated the following members of the loard of Overseers for three--year terms. For the Classes if 1952-1953,1953-195^. and 1954-1955. the following? Dr. Branham Baughman, Frankfort.. Mrs Pierce Lively, Danville. Mrs. E. G. Bell, DanvilleP James Se Mahan, Lexington, William H. Breeze, Cincinnati, Ohio. John T. Metcalfe, Louisville, Mrs. Frank Brinckerhoff. Danville; Mark Moseley, Owensboro. Mrs. D. C. Brooks, Frankfort. The Reverend E. C. Newlin, Danville Henley L. Cash, Lynch. Henry L. Nichols, Danville. Robert T. Caldwell, Ashland. James T, Norris, Ashland. Dr. Mary Ashby Cheek, Bockford, Ill, John Elmo Pace, Lyndon. Ben Cregor, Anchorage. Frank D. Peterson, Lexington. Robert S. Davis, Lexington. William F. Russell, Paris. Mrs. John F. Day, Maysville. W, V. Richardson, Danville. Nicholas H. Dosker, Louisville. Ted A. Sanford, Henderson. Miss Mary G. Fisher, Danville. Robert Speckman, Anchorage. Dr. Elmer E. Gabbard, Buckhorn. William L. Sullivan, Henderson. James Green, Louisville. Enos Swain, Danville. George Swinebroad, Lexington. E. G. Guttery, Danville. Robert S. Tate, Covington. Mrs. Scott Harkins, Danville. Oran Teater, Paintsville. Paul J. Hughes, Jr., Louisville. Harold Walker, Cincinnati, Ohio. Mrs. W. G. Kagin, Winchester. Mrs, James Weber, Louisville, Mrs. Virgil Kinnaird, Danville. Mrs. Wallace J. Williamson, Ashland Thomas C, Laswell, Jr., Owensboro. Mrs. Frank Wilson, Bardstown. J. Allen Leathers, Louisville. Thomas J. Wood, Louisville. L. C. J. Yeager, Louisville. It is further recommended to the Board of Overseers that these members wminated by the Board of Trustees of the college be placed in the respective classes if 1952-1953, 195 3-1954, and 1954-1955 by the Executive Committee of the Board of Overseers. President Groves reported on the meeting of the Presbyterian college presilents held in Chicago, Illinois, on April 1, 1952, which adopted the resolution that subject to the approval of a majority of the Presbyterian colleges the Board of Christian Education be requested to enter into a contract with the Opinion Research Corporation of Princeton, New Jersey, covering the work outlined in their memorandum lated April 1, 1952, including interviews with (1) all college presidents, (2) 1,000 Presbyterian pastors, and (3) 2,500 Presbyterian families, at a cost not to exceed 48,600.00, and further, that the Board be requested to finance the cost of the survey by the use of moneys available for appropriations to colleges in 1953. I On recommendation of Dr. Groves it was voted to report to Dr. Fay Campbell, secretary of the Division of Higher Education of the Presbyterian Board of Kristian Education, U. S. A., that in the opinion of the administration and trustees f Centre College there is not sufficient value to this survey for Centre College t o o justify the outlay in time and money involved. ��1 10 -5- ■ Mr. Logan Caldwell reported on an offer of Mr. C. Stubblefield, who recently purchased the Hill County farm located in Hill County, Texas, from the college to purchase the mineral rights of 100 acres of this farm. It was voted to refuse the offer of Mr. C. Stubblefield and that the college retain full mineral rights of this property in line with the former action of the Board of Trustees of July 13. 1951. In view of the fact that there will be several lengthy committee reports from Committee #1 and Committee #2 on reorganizational matters of the Board of Trustees as well as some serious problems involved with regard to the operational budget of the college for 1952-1953, it was recommended that the full meeting of the Board be called for four o’clock Friday afternoon in the president's office on May 30 and also on Saturday morning from nine o'clock until noon on May 31. The meeting time of four o'clock for Friday afternoon, May 30, was arranged so that if necessary committees night meet between two o'clock and four o'clock preceding the full meeting of the Board. Adjournment. W. P. Caldwell Secretary ��financial Outlook fcr 1952-1953 Mr. Arnicar and I have Just completed the first trial run of the budget for 1952-1953. The results are not encouraging. We have made out two budgets, one on the supposition that the fraternity houses will be closed and the second on the supposition that the fraternity house-will be open. On the supposition that fraternity houses will be closed, the total anticipated income is $496,998.17, and the total anticipated expense is $531,668.17, or an anticipated deficit of $34,670.00. On the supposition that the fraternity houses will be kept open, the anticipated income is $496,472.17, and the anticipate expense $534,531.67, leaving an anticipated deficit of $33,059.50. Thus it should be pointed out immediately that keeping the fraternity houses open will increase the deficit of the college by $3,389.50. Likewise this increased deficit does not take into account a possible increase in income to both the college and the fraternities in the event that it should prove possible to rent the houses which might be closed. Conservatively estimating, the average rental if or these houses at $80.00 per month would mean an increase in income of $5,760.00. If this amount $2,380.00 would be properly credited to the college on the basis of three-fifths of the income from rent for five of the fraternities in which the College has a partial interest. Another $2,880.00 would be credited to the frater­ nities, $960.00 to the Phi Delta Theta Fraternity and $576.00 each to each of the other five fraternities. It should be stated that the preliminary budget is based upon an expected enrollment of 170 men and 150 women, or a total of 320 students, for the first semester, and 150 men and 140 women, a total of 290 students, for the second semester. These estimated enrollments mean a decrease in enrollment of some 65 students during the first semester over the enrollment for 1951-1952 and a decrease of 62 students luring the second semester over the enrollment for 1951-1952. This decrease in enrollment means a decrease in income of $37,000,00. In other words, could the college anticipate an enrollment for 1952-1953 equal only to that of 1951-1952 it would be possible to operate on a balanced budget. However, with the continued 'all of young men by Selective Service and the continued decrease in size of graduating classes from the high schools and with the added fact that the senior lass which will graduate in June still numbers 70, it seems impossible to expect in enrollment next year equal to that of this year. Therefore, in planning the budget, the decrease indicated in the above seems a conservative estimate. It should be pointed out further that the budget anticipates the same income from churches in 1952-1953 as is expected for 1951-1952. On the one hand, ihis seems sound, and yet it should be pointed out that the college received emergency help during the year from the Board of Christian Education of the Presbyterian church, U. S. A., amounting to some six or seven thousand dollars• which it cannot e pect during the year 1952-1953. This means that if the gifts from churches are to x remain the same, then a further increase in the giving from our churches within the Synods of Kentucky must be realized to make up this difference. ��The income also counts on some $20,000.00 in gifts from individuals, which. as far as the budget is concerned, means an increase of some $14,000.00 in 1952-1953 over 1951-1952. Results of the emergency campaign of 1951-1952 to date would -cen to make such an expectation sound. Further comment on this will be made later co in this report. The income also counts on an increase from the alumni-ae fund of some $14,000.00. This expectation is in line with the action of the Board of Directors of the Alumni Association of June, 1951, in which they agreed to make a contribution to the college equivalent to the total costs of the alumni and publicity office. It should be pointed out, however, that this item of $14,725.00, which is the actual budget for the alumni and publicity office, includes an item of $2,500.00 for the payment on the Wiseman Annuity. This payment must be continued, and the funds must be obtained from some source. It is suggested in this instance that the alumni fund be asked to carry this item until other provision can be made for it. In spite of these very hopeful expectations of the items of gifts from churches, gifts from individuals, and gifts from alumni, it is evident that an additional $34,670.00 in one instance, or $38,059.50 in the event that the fraternity houses arc to be kept open, must be raised. If the college could count on the entire alumni-ae fund for 1952-1953, then this might provide an additional $10,000.00, which would mean that the fund would raise not only the $14,725.00 for the budget of the alumni-publicity office indicated in the above, but an additional $10,000.00, which would mean a total of $24,725.00 from the alumni fund for this emergency year. In addition, if the college could realize approximately $25,000.00 to S28,000.00 from the Kentucky Independent College foundation during 1952-1953, there would be a possibility of a balanced budget. Short of these two very sizable additions, the only possibility -ef(a) balanced budget is. from an increase in students, which does not seem likely, or (b) a deficit, which we have been fortunate enough to avoid for the past two years and which we would like very much to avoid during the year 1952-1953. The expense side of the budget, totaling $531,668.17 in the event that the fraternity houses are closed, or $534,531.67 in the event that they are kept open, represents an increase in expenditures of $10,000.00 in one instance and :13,3OO.OO in the second instance over expenditures for 1951-1952. These increases in expenditures are due to the following changes in budget estimates. 1. for the time being a salary of $3,000.00 and $1,000.00 of travel ■ expenditures have been included in the office of public relations in the hope that the college can employ an additional woman whose two responsibilities will be (a) Promotion of the college among the groups of church women in the two synods across the state and (b) further student promotion within the state of Kentucky, which may free Mrs. Allen to lend more of her efforts outside the state and to the north and cast in line with the recommendations of the Winters Survey. 2. A second item which has increased the expenditures of the college is an item of $2,000.00 for the Partial support, or rather the college's share of the support, of the Kentucky Independent College Foundation, ��3. The expenditure budget includes some minimum salary increases for most of the members of the faculty and some of the secretarial staff, which together with increases in TIAA allowances concomitant with these salary increases, means an addition of approximately $6,000.00 to the budget. The increase in expenditure, as has already been indicated, includes $2,500,00 for the Wiseman Annuity, which has been made a part of the budget of the alumni and publicity office, 4. There also arc included budgetwise increases in the operation and maintenance account and in the expenditures of the Department of Athlet’cs, The Increase in the latter case is not a real one, but is due to an oversight in the budget for 1951-1952, whereby the salary of the trainer was not included in the budget at any point. It should be noted that with the increases in expenditures as mentioned In the above, expenditures for administration have climbed up an additional $10,600,00, Expenditures for instruction have remained approximately the same in spite of the Increases in salaries by reason of the fact of certain changes within the faculty enabling economies to be realized in order to take care of these salary increases, The budget at the present state is not final, but the over-all picture is clear. ��Meeting of the Board of Trustees May 30-31, 1952 The meeting was called to order by the president, Dr. J. R. Cowan. Prayer was offered by President Groves. Present were Messrs. Armstrong, Baker, Dr. F. Caldwell, Messrs. L. Caldwell, W. P. Caldwell, Campbell, Drs. Cowan, Herrmann, Messrs. Jones, Lanier, Lee, McDowell, Nevin, Miss Juliet Poynter, Messrs. VanAntwerp, Van Winkle, Wachs, and Wiseman, and President Groves and Vice-President Stewart. The minutes of the full Board meeting of November 10, 1952, and the minutes of the Executive Committee meetings of December 21, January 18, February 15, March 21, and April 19 were approved as previously printed and circulated. Mr. Logan Caldwell, chairman of the Finance Committee, reported the receipt of the check for $95,000.00 in settlement of the Trimble Estate and the application of it toward the payment of the note on the Alumni Memorial Building. Mr. Caldwell further reported that with these funds together with the $25,000.00 from the Kresge Foundation all notes have now been cleared. Mr. Logan Caldwell reported on the effective and generous work of Mr. Louis Seelbach for the college in the settlement of the Trimble Estate, and on motion it was unanimously voted to express the gratitude of all the members of the Board of Trustees to Mr. Seelbach for this fine job. On recommendation of Mr. Logan Caldwell as chairman of the Finance Committee, it was voted to include in the minutes Paragraphs 9, 22, 23, 24, and 25 of the will of Miss Emma Weisiger containing those sections of the will which explain her bequest to Centre College of Kentucky. (See copy previously circulated.) Mr. Sam Jones reported for the Buildings and Grounds Committee. In the course of his report Mr. Jones pointed out the good work that is being done by Mr. J. J. Steiger, but he also reported the need of a contingent fund of approximately $5,000.00 annually to enable Mr. Steiger to do the little extra things which mean the difference between a well-kept group of buildings and campus and one which presents the appearance of "raggedness on the edges." Mr. Ike Lanier reported for the Budget Committee, stating that the president and the business manager have done a lot of work on the budget, but that at the present time their committee has no budget to present. Mr. Lanier further pointed out that according to present indications there is the likelihood of an operational deficit for next year but that more information would be available by the fall meeting when a final budget will be presented. On motion of Mr. Ike Lanier, it was voted that Hifner, Fortune, and Potter, certified public accountants, be employed on the same terms as last year to audit the books of the college. President Groves reported several proposals for faculty salaries and administrative salaries for 1952-1953 and a faculty salary program for 1953-1956. Pollowing this report, the following actions were taken. ��115 It was voted that the faculty salaries proposed for 1952-1953 by President Groves be approved. (See attached list) It was voted that the administration salaries proposed by President Groves for 1952-1953 be approved. (See list attached.) It was voted that the following faculty scale be approved and that the proposed schedule for average salaries for 1953-1956 be approved in principle. The salary scale included in the above is as follows: For full professors $4,000.00 to $5,000.00 a year for the regular academic year of nine to ten months. For associate professors $3,5OO.OO to $4,300.00 a year for the regular academic year of from nine to ten months. For assistant professors $3,000.00 to $3,800.00 a year for the regular academic year of from nine to ten months. For instructors $2,700.00 to $3,700.00 a year for the regular academic year of from nine to ten months. (For suggested schedule for average salaries for 1953-1956 see attached paper.) Mr. VanAntwerP made the report for the special committee of the Board of Trustees on charter and by-laws and presented to the Board the announcement of a proposal for a complete new set of by-laws, this announcement being in accord with Chapter 14, Paragraph 7, of the by-laws of the college of January 1, 1902, which evidently have never been superseded and which state: "These by-laws cannot be altered or modified except by a two-thirds vote of the Board of Trustees and after a notice having been given at a previous meeting of an intention to propose a modification or an alteration of them." The proposal of President Groves regarding standards for rank and Promotion of the faculty was approved, and it was voted to make this proposal a Part of Section B, Paragraph II, of "The Faculty" of the new proposed by-laws of Centre College of Kentucky. (See attached.) Mr. Ike Lanier as chairman of the special committee of the Board of Trustees on executive and administration organization and function made a report for that committee and presented the following. 1. A statement on academic freedom and tenure as suggested by the committee. After some discussion the following statement was adopted to be included in the new proposed by-laws of the college. ��ACADEMIC FREEDOM 116 entitled, to full freedom in research and in the publics,' subject to the adequate Performance of his other research or any other activity for pecuniary return an understanding with the authorities of the institutioi (1) The teacher shall be tion of the results, academic duties; but should be based upon (2) The teacher shall be entitled to freedom in the classroom in discussing his subject, but he shall be careful not to introduce into his teaching contro­ versial matter which has no relation to his subject. Qualifications of academic freedom because of religious or other aims of the institution shall be clearly stated in writing at the time of the appointment. (3) In view of the basic Christian principles of Centre College, a teacher or administrative officer shall be an active member of an ’’evangelical church of his choice.11 (4) The teacher or administrative officer of the college is a citizen, a member of a learned profession, and an officer of an educational institution. When he speaks or writes as a citizen, he shall be free from institutional censor­ ship or discipline, but his special position in the community imposes special obligations. As a man of learning and an educational officer, he shall remember that the public may judge his profession and his institution by his utterances. ACADEMIC TENURE (1) After the expiration of a probationary period, teacher, administrative1 staff,—nr resuarrb r.oholare shall have permanent or continuous tenure, and their services shall be terminated only for adequate cause, except in the case of retirement for age, or under extraordinary circum­ stances because of financial exigencies. (2) The precise terms and conditions of every appointment shall be stated in writing and be in the possession of both the college and teacher before the appointment is consummated. (3) In the case of appointment to the position of full-time instructor or a higher rank, the probationary period shall not exceed three years. (4) Termination for cause of a continuous employment, or the dismissal for cause previous to the expiration of a term employment,shall be considered by the governing board of the institution, or, if desired, also by a faculty committee. However, final authority in any such case shall rest in the governing body of the institution. In all cases where the facts are in dispute, the accused shall be informed in writing before the hearing of the charge against him and shall have the opportunity to be heard in his own defense by all bodies that pass judgment upon his case. He shall be Permitted to have with him an adviser of his own choosing who may act as counsel. There shall be a full stenographic record of the hearing available to the parties concerned. In the hearing of charges of incompetence, the testimony shall include that of teachers and others, either from his own or from other institutions. ���Termination of a continuous employment because of the financial exigency of the institution should, be demonstrably bona fide. (5) Teachers on continuous employment who are dismissed for reasons not involvin'moral turpitude may wish to accent other employment within the year prior to the termination of their services with the college. In this" event, the date of terminition should be one mutually agreed upon between the individual and the college. (6) A teacher on permanent tenure who is dismissed for reasons other than moral turpitude or overtactions by such teacher constituting Just and adequate cause shall receive one year's notice and shall receive full salary for at least one year from the date of notification unless he himself terminates his services with the college before this year has elapsed, either to retire or to accept employment elsewhere, in which case his salary from the college shall terminate with the date that he leaves the college." (7) During the probationary period, in the event either the college or the individual wishes to terminate their existing agreement, at least four months. notice in advance of such intention shall be given in writing. (8) In the case of permanent members of the faculty, inasmuch as the college has agreed to give one year's notice, such permanent members of the faculty who may wish to terminate their services shall give the college at least six months’ written notice of such intentions. (9) Any deviation from the time limits stipulated in any of the above paragraphs shall be made only after personal conference and the mutual consent of both faculty member and the college. (10) There shall be appointed a standing faculty committee consisting of three full professors and the dean of the college to make recommendations to the president for appointment of faculty members. Of the three full professors mentioned in the foregoing, two shall be appointed by the president, and the third shall be chosen to serve only so long as each such item of business requires. It is understood that the head of the department con­ cerned shall be the third member chosen insofar as this is possible. (The word "teacher" or "faculty member" as used in this document is understood to include the investigator who is attached to an academic institution without teaching duties.) 2. The operational chart presented by Mr. Ike Lanier for this committee was also approved. (See chart previously circulated.) President Groves reported the promise of $10,000.00 from the Davella Mills Foundation toward the payment of the debt and the completion of the Alumni Memorial Building. Mr. Hugh Nevin reported for the committee on the new Alumni Memorial Building that according to estimates received the work on the building can be completed for approximately $35,000.00. On motion it was voted to authorize this committee to expend up to $40,000.00 to the extent that funds are available for the completion of the Alumni Memorial Building and the proposed McMillin Memorial. ���President Groves reported, on the retirement of Dr. Thomas Everette Cochran, head, of the Department of Psychology .and. Education. Dr. Cochran has served on the faculty of the college since 1930. It was therefore voted that the president of the Board of Trustees appoint a committee to draw up a suitable resolution of appreciation for Dr. Cochran for his continued and loyal service to the college during almost a quarter of a century. It was further voted that Dr. Cochran "be named professor emeritus of psychology and education. On recommendation of Dr. Cowan it was voted that the trustees join the faculty in the presentation of a suitable present to Dr. and Mrs. Cochran to be made at the commencement exercises June 1. On recommendation of President Groves it was voted to employ Thomas Briscoe Inman as acting director of the Department of Physical Education on the men’s campus with the rank -of assistant professor and a salary of $3,800.00 a year for twelve months with one month’s vacation. Thomas Briscoe Inman completed his high school work at Danville High School in 1940, -prior to entering the service, he spent one quarter at Georgetown College in 1940-1941. He was in the Marine Air Corps from December, 1942, to May, 1946, and was separated from the service with the rank of captain in the United States Marines Air Corps. He attended Centre College beginning with the summer term of 1946 and graduated with the A. B. degree in June, 1949. In 1948 while he was still a student at Centre College of Kentucky, he began teaching and acting as assistant coach in football and basketball at Danville High School. In the fall of 1949 he became head coach and also taught on the faculty. While an undergraduate at Centre Mr. Inman won his varsity letter in football and maintained a good academic standing. He majored in history and minored in French. On motion of President Groves it was voted to employ Mr. Joseph W. Brummett of Danville, Kentucky, as assistant in the Department of Physical Education with the rank of an instructor with a salary of $3,500.00 a year for twelve months with one month’s vacation. Joseph W. Brummett of Danville, Kentucky, graduated from Danville High School in 1945,and after a year in the United States Navy from June, 1945, to July, 146, from which he was separated with the rank of seaman, first class, he entered Centre College of Kentucky in the fall of 1946. He graduated with the A. B. degree in June, 1950. For the past year he has been teaching in the Department of Physical Education and acting as assistant coach of the football and basketball teams of Danville High School. On recommendation of Dr. Rush, head of the Department of Chemistry, it was voted to employ Joseph David Scott as instructor in the Department of Chemistry with a salary of $3,000.00 a year on a twelve-month basis with one month's vacation, $1,950,00 to be paid by the West Virginia Pulp and Paper Company and $1,050.00 to be Paid by Centre College of Kentucky. Joseph David Scott entered Centre College of Kentucky in February, 1947, and received the A. B. degree June 3, 1951. He entered Centre from Roxborough High School of Philadelphia, Pennsylvania. For the past year Mr. Scott has been working with the City Service Oil Company in Philadelphia. ��119 -6On recommendation of Dean Jones and President Groves, it was voted to promote Miss Mary Sweeney to the rank of full professor at a salary of $4.000.00 per year one-half to be charged to administration and one—half to be charged to instruction, on the basis of Miss Sweeney’s work as dean of women, her years of teaching experience, and the further fact that by September, 1952, she will have completed her work for the doctor of philosophy degree at the University of North Carolina. President Groves reported the renewal of the contract with the West Virginia Pulp and Paper Company for research to be done by the Department of Chemistry, this contract to run for twelve months beginning June 1, 1952. It was voted to confirm this contract. The oath of office was administered to Mr. Norris Armstrong, elected to the Board of Trustees at the meeting of June 2, 1951, and ratified by the Synod of Kentucky, U. S. A., in September, 1951. The oath of office was administered to Mr. Don Campbell, nominated by the Board of Directors of the Alumni Association as alumni trustee and ratified by the Board of Trustees at the meeting of June 2, 1951. Dr. Cowan was not able to be at this part of the meeting, which was held on Saturday morning, May 31, due to illness, and it was voted to express the deep regret of the members of the Board to Dr. Cowan and to wish him a speedy and com­ plete recovery. Mr. Arnicar made his report as business manager of the college on operations of the college for the fiscal year 1951-1952 through April 30, 1952. On motion it was voted to commend Mr. Arnicar for his good work and for the fine report and to receive and file the report. (See attached.) On recommendation of the business manager it was voted to increase the college fee for single credits from $18.00 to $21.00 per credit, this fee to apply both to the regular academic year and also to the summer school, the fees to go into effect September, 1952. On request of Mr. Arnicar, business manager, it was voted to authorize the business manager to borrow up to $30,000.00 until August 1, 1952, for necessary operations of the college. The following reports were reviewed and discussed. The report of the vice-president, Dr. Claire M. Stewart. The report of the dean of the college, Dr. Jameson M. Jones, including the brief report of the assistant to the dean of women, Miss Burva Whitehurst. The report of the Centre College Library by Mrs. Dorothy T. Cullen. The report of the alumni secretary, Mr. Robert Ensminger. ��120 The report of the alumnae secretary, Mrs. Nell H. Allen-. The report of the office of admissions, men, by Mr. Paul L. Cantrell. The report of the office of admissions, women, by Mrs. Nell H. Allen. Following the review of the above reports, President Groves gave a resume of the president’s report. On motion it was voted to commend the officers of administration for their fine work and the clarity of their reports and to file them. President Groves read the report of Mr. Paul Hughes of Louisville, Kentucky, president of the Board of Overseers of the college, for the Board of Overseers for 1951-1952. It was moved to acknowledge the receipt of this report and to express the sincere thanks of the Board of Trustees to the Board of Overseers for their fine interest and their many valuable suggestions. It was also voted to inform the Board of Overseers that insofar as finances will permit the several recommenda­ tions will be carried out, and it was further voted that at the next meeting of the Board of Trustees the Board of Overseers be invited to have a member present to discuss with the Board the suggestions of the Board of Overseers. President Groves made a report on the progress of the special committee of business men of the Chamber of Commerce of Danville with the project for the installation of lights in the Farris Stadium. It was voted that the Buildings and Grounds Committee, with the addition of Mr. Logan Caldwell, Mr. Bon Campbell, and Mr. Norris Armstrong, be authorized to meet with the proper authorities of the Danville Chamber of Commerce and the Danville High School on this matter and that this enlarged committee of the Board have power to act. President Groves reported the following seniors recommended by the faculty for the degree of bachelor of arts. It was voted to grant the bachelor of arts degrees to these graduates at the commencement exercises on June 1, 1952. Women Elisabeth Mae Addis Gloria Alvarez Roche Mary Lee Davis Mary Miller Dooley Ann Harris Fisher Mary Livingstone Goddard Barbara Rayne Greene (Magna Cum Laude) Patricia Ingram Caldwell Alice Carran Kelley Mary Miller Kerr Caroline E. Linn Agatha Ann Loucks Bottle Wilson McCluskey Maybelle Thompson Phillips Jane Warren Savage Osie Nell Shinn Irene H. Syrotiuk Janis Marilyn Taylor Dorotha James Vest Joan Von Gruenigen (Magna Cum Laude) ��Men Omar Rudolph Adame Amir Abbas Amin Chester Hugh Babbin Stanton Frederick Bahr Cyril John Baranowski Robert Melvin Baum John Otter Briney Charles D. Broaddus Okey Franklin Cain, Jr. Aubrey L. Carpenter, Jr. Thomas Roper Chambers Ollie Leonard Chesher, Jr. Herbert Hunt Covington, Jr. Richard F. Cox, Jr. Kearney Buell Daniel, Jr. Theodore E. Davis Arsene Eglite Steven Malcolm Fish Richard Stanton Frazer William Louis Fuller John Arna Gregory, Jr. Kenneth Price Haywood (Cum Laude) Joseph Henry Hines Robert Kirk Jones Robert Anton Kierner Benjamin French Lawhorn Hunter James Lusk Charles Edward Lytle J. Norman McDowell, Jr. Milton King Massey Robert Simmons Murdock Casim Emmett Olwan Harry Elroy Padgett James William Rabe Rupert Hays Rice Harry Lewis Riggs, Jr. Giles Frederick Robinson Eugene R. Schutz Edward Pressley Sherman, Jr. Ira Franklin Smith Mayo Yates Smith David E. Sonntag Lawrence F. Sonntag, Jr. Carl Victor Steely Damon Milford Surgener, Jr. Gene Coleman Triplett Malin VanAntwerp (Magna Cum Laude) Charles William Van Meter Charles B. Weston Raymond A. Williams The following degrees were approved lending completion of work in summer school, August, 1952. Charles Ditman Davis Richard L. Frymire, Jr, John Richard Oakley Robert Hugh Squair, Jr. Jimmy Rice Trimble Donald Henry Vogel Mr. Logan Caldwell, chairman, reported for the Finance Committee, expressing the satisfaction of the committee with the counseling service of the United States Trust Company, and following this report and on the recommendation of the Finance Committee, it was voted that the contract for the financial counseling service of the United States Trust Company be renewed for one more year from September 1, 1952, to August 31, 1953. A letter from Mr. J. H. Ball of the Phillips Petroleum Company proposing an oil and gas lease with a delay rental for ten years on the farm located at Hillsboro, Texas, the mineral rights of which are owned by the college, was read, and on recommendation of the Finance Committee it was voted to reply to Mr. Ball that the Board is not prepared as yet to take action on this proposal and that the matter is being investigated further. Mr. Logan Caldwell reported the offer of Mr. Stubblefield, who recently Purchased the farm from the college, which was much less than the offer of the Phillips Petroleum Company, and it was voted to decline the offer of Mr. Stubble­ field. ��Committees #1, #2, and #3 adjourned to consider the election of new trustees. On re-convenement Mr. Howard VanAntwerp made the report for Comiitl and recommended that Mr. George F. Lee, the Honorable Fred M. Vinson, and Mr Norris -Armstrong be re-elected to the Hoard of Trustees in the Class of 1956 motion it was voted to re-elect these trustees. Mr. Hugh Nevin reported for Committee #2 and recommended that Mr. E. Ce Gamble of Cincinnati, Ohio, bo elected to fill the vacancy in the Class of 1953 created by the death of Mr. Frederick A. Wallis, Dr. V. A. Benfield of Louisville, Kentucky, to fill the vacancy created by the death of Dr. Robert W. Miles, and Mr. Pierce Lively of Danville, Kentucky, to fill the vacancy created by the resigna­ tion of Mr. Elbert G. Sutcliffe in the Class of 1955, and the election of Mr. J. M. Van Winkle of Cincinnati, Ohio, and Mr. Logan Caldwell of Danville, Kentucky, to the Class of 1956. On motion it was voted to elect these trustees. Mr. Lisle Baker reported for Committee #3 that the Board of Directors of the Alumni Association had recommended Mr. Louis Seelbach of Louisville, Kentucky, for election as alumni trustee to the Class of 1956. It was moved to accept this nomination and to elect Mr. Seelbach. It was voted that an appropriate resolution of appreciation be prepared by a committee of the Board of Trustees to be appointed by the chairman to be sent to Dr. Frank H. Caldwell that he might know of the deep sense of gratitude of all the members of the Board for his long years of faithful service. It was voted to request the Bud-get Committee to investigate the Possi­ bility of setting up a Nelson D. Rodes Scholarship for a boy or girl from Boyle County, this scholarship to be in recognition of the many years of effective service of Mr. Rodes as a trustee of the college. After prayer by Vice-President Claire M. Stewart, the meeting adjourned. V. P. Caldwell Secretary ��123 Centre Year of Colleg e Teaching 1942 1927 1936 1944 1926 1946 1948 1945 1948 1941 10 25 36 18 26 14 23 25 9 6 1946 1942 1932 1945 1947 1948 1946 1947 1946 13 30 18 7 6 2 7 9 7 1946 1946 1947 1948 1952 1949 6 6 4 3 0 3 cam e to 1932 1944 1949 1950 1950 1950 1951 1952 1952 20 8 2 2 2 2 2 0 0 Proposed Faculty Salaries 1952-1953 May 31. 1952 Salary 1951—52 Jones, J. M. Rush, R. I. Knott, J. P. (8/12/36) Robinson, W. J. (4/1/44) Cook, E. W. (12/29/44) Ritchie, E. (5/1/46) Heck, F. H. (1/20/48) Steere, D. (3/22/50) Vaughan, A. G. (5/23/50) Hazelrigg, C. T. (5/23/50) Cochran, T. E. Hodgkins, A. R. Come, A. B. Moon, Miss Emma (3/12/46) Heffelfinger, C. (6/15/46) Sweeney, Miss Mary (6/15/46) Walkup, J. H. (5/23/47) Misch, C. (7/16/48) Bartlett, E. B. (7/1/48) Aden, J. M. (5/19/50) Cullen, Mrs. Dorothy (12/17/48) Loetscher, F. W. (6/11/49) Hill, W. T. (9/1/46) Ellis, a. (6/29/46) Kellam, J. B. (2/18/49) Gattis, W. R., Jr. (3/22/50) Ullrich, L. (3/20/52) Ling, D. L. (2/15/52) Inman, Briscoe (5/31/52) Wilkinson, Mrs. J. T. Cheek, Mrs. Ruby Couey, Mrs. Ann (8/30/45) Cantrell, P. L. (3/18/49) McDowell, W. B. (5/30/50) Hudson, W. E. (8/8/50) Bradford, kiss M. (9/15/50) Rouse, Mrs. Marcelyn (10/5/51) Brummett, J. W. (5/31/52) Scott, J. D. (5/31/52) Sociology Instructor Modern Language Instructor Philosophy and Religion Inst. Whitehurst Darnell Crabtree Salary 1952-53 $2,625 On leave 4,000 $4,000 4,100 4,300 4,100 4,300 4,100 4,100 4,100 4,300 4,000 4,200 4,000 4,000 4,100 4,300 4,000 4,200 3,900 4,200 3,900 3,600 3,500 3,700 3,600 3,700 (1950-1) 4,000 1,850 1,850 3,700 3,800 3,600(1950-1) 3,300 3,800 3,700 3,600 3,300 3,600 3,700 3,600 3,700 3,200(1950-]) 3,000 (1950-]) 3,000 3,700 3,800 3,500 3,400 3,300 On leave 3,200 - w. Va. p. & p. $200 $200 • See Adm. $200 $200 Mad. Ave. Ch. $200 $200 $100 $100 Ph.D. - $300 W. Va. P. & P. $100 $200 $100 $300 $100 $100 $100 $300 $400 See Adm. 600 600 2,800 2,800 2,700 2,700 1,050 1,800 1,500 600 3,000 3,000 2,800 2,800 2,900 1,050 1,500 1,500 1,000 400 500 3.300 105,425 110,600 — - See Adm. $200 $200 $100 $100 See Adm. W. Va. P. & P. (part-time) (part-time)h (part-time) ��Proposed. AdniAnistration Salaries 1952-1953 Salary 1951-1952 Groves, W. A. Stewart, C. M. Jones, J. M. Sweeney, Miss Mary Arnicar, Fred Allen, Mrs. Nell H. Ensminger, Robert Cantrell, Paul Inman, Mr. Briscoe Jackson, Dr. Chris Leech, Brice T. Steiger, J. J. Madden, Fred Caldwell, Logan Women's Worker Cook, E. W. Salary 1952-1953 $7,500.00 $7,500.00 7,000.00 7,000.00 2,625.00 1,525.00 1,850.00 (1950-1) 2,000.00 4,500.00 4,500.00 3,000.00 3,300.00 3,600.00 3,600.00 3,300.00 3,600.00 Not employed 600.00 600.00 600.00 3,000.00 3,200.00 3,200.00 3,200.00 2,100.00 2,100.00 1,500.00 1,500.00 Not employed 3,00000 (See J.M. Jones) 500.00 Crawford, Miss Estelle 1,200.00 Gentry, Mrs. C. ' * 1,920,00 Massey, Mrs. Mattie M. 2,560.00 -Darnell,MissDorothy ---- -2,200.00 Secretary to President Patterson, Mrs. R. C. 1,800.00 Hundley, Miss Dorothy 1,860.00 Jackson, Mrs. Joyce K. . 1,800.00 Secretary-to -Alumni ( ae) 1, 00.00 5 Whitehurst, Miss Bur va------------- — 1,950• 00 Nichols, Mrs. Mary L. (See Whitehurst) Moore, Mrs. Anna M. 1,980.00 Jefferson, Mrs. Pauline 1,740.00 Mercer, Mrs. Barbara (See Jefferson) Telephone OperatorFarmer. Mrs. E. C. 1,260.00 Sullivan, Mrs. Alberta . 1,950.00 Bright-,-Mrs, Thomas.Franklin , Mrs. Mamis 1,800.00 Housemother - Breckinridge-~Ha^l -(See Jackson) Bosley, Mrs. Harry 900.00 Jaskson, Mrs. Sarah _________ -—l436.00Housemother—Be-ta Fro rd h am Mrs. Ange 900.00 Tucker, Mrs. Eleanor H 900.00 Pulliam, Mrs. Sallie 1,440.00 Edwards, Mrs. Lovie 850.00 (10 mos.) Marcum, Mrs. Anna 1,820.00 Davis, Mrs, Pearl 1,620.00 \ Morgan, Miss Kathleen Montgomery, Miss Ann Cook, Miss Margaret Aldridge, Gene Bayens, William Preston, James 2,520.00 1,800.00 (See Morgan) 2,520.00 2,400.00 2,760.00 $91,161.00 1,200.00 1,920.00 2,560.00 Increase None None On leave $150.00 None $300.00 None $300.00 New None $200.00 None None None Replacement None None None 2,000.00 1,800.00 Decrease 1,920.00 $120.00 1,980.00 $120.00 1,860.00 $ 60.00 1,590.-00- 1,800.00 Begin 9/15/52 (See M.L. Nichols) Decrease 1,560.00 None 2,040.00 $ 60.00 (See Mrs. Mercer)1,800.00 Decrease 1,200.00 1,950.00 None 1,800.00 None 1,436.00 None 1,436.00 $536.00 (See Housemother - Breck) 900.00 None 900.00 None 1,440.00 None 850,00 None 1,820.00 None 1,620.00 None Amick, ,rs. Mayme (See Margaret Cook) 1,920.00 $120.00 1,800.00 2,520.00 2,400.00 2,760.00 94,817.00. None None None ��Suggested Program for Faculty Salaries for Three Years (1953—1956) Average on Proposed Salaries 1952-1953 Average Salary 1940-1941 c. of 1. index 100 i I i Professor Comparable salary on basis of c. of 1. Feb., 1952 188.3 National Average 1950-1951 $2,866.00 $5,396.78 $4,805.00 $4,237.50 2,330.00 4,293.90 4,094.00 1,750.00 (Note) 3,295.25 1,374.00 (Note) 2,587.24 Average based on Suggested Salaries for 1953-1254. for 1954-1955 for 1955-1956 $4,400.00 (11) $4,600.00 $4,800.00 3,714.30 3,800.00 (8) 3,950.00 4,100 3,574.00 3,483.33 3,500.00 (7) 3,600.00 3,700.00 3,052.00 2,900.00 3,000.00 (7) 3,100.00 3,200.00 Added to budget as of 1952-53 3,489.62 4,800.00 4,800 Accumulated addition to budge t 3,489.62 8,289.62 ---------------- Associate Professor ---------------- Assistant Professor Instructor Note: Salaries reported 'or these ranks were abnormally low for some unknown reason. 13,089.62 ��The following section is to be added to XL, ORGAUIZ AT I ON OF THE COLLEGE, under. Section B., THE FACULTY, of the PROPOSED BY-LAWS OF CENTRE COLLECT., a. Those appointed to the rank of full professor shall be holders of the doctor of philosophy degree or its equivalent and shall have had a minimum of seven years’ successful college teaching, at least one of which shall have been at Centre college of Kentucky, -they also shall have done recognized work beyond the requirements for the doctor of philosophy degree in published research or in other recognized publication. b. Those appointed to the rank of associate professor shall be holders of the doctor of philosophy degree or its equivalent and shall have had a minimum of seven years’ successful college teaching or an experience Judged to be of equal value. c. Those appointed to the rank of assistant professor shall be holders of the doctor of philosophy degree or its equivalent, and, if possible, they also shall have had some college teaching experience. In the case of those not holders of the doctor of philosophy degree, those appointed to the rank of assistant professor shall be holders of the master of arts degree and one year's graduate study beyond the master of arts toward the doctor of philosophy degree or shall have attained an equivalent standard of scholarship and research. They also shall have completed three years' successful college teaching or have had experience judged to be of equal value. d. Those appointed to the rank: of instructor shall be holders of the master of arts degree or its equivalent, and, if possible, they also shall have had some college teaching experience. ��Centre College of Kentucky Balance Sheet Statement Operating Fund Assets Current Funds A General Fund Cash in Bank Petty cash on hand Apr. 30, 1952 13,390.26 1.285.00 Due Other Funds: Endowment Fund Scholarship Fund Evans-Sumrall Scholarship Fund Prize Fund Farris Fund Prepaid Charges Meal Tickets—Cafeteria ' Board Charges—KCW Coupon Books Reserves Carnegie Educational Grants Gifts for Designated Purposes Library Research Program Athletic Dept. 13,580.03 1,210.00 15,175.26 1,250.00 12,274.70 14,790.03 1,250.00 29,262.97 .00 11,095.14 643.31 19,240.73 3,286.57 24,777.12 67,742.83 Notes Ilecoivnble Accounts Receivable Due from Other Funds: From Alumni Fund Evens-Sumrall Scholarship Fund Suspense Account Inventories Deferred Expense Prepaid Insurance Total Assets, Current Fund liabilities Current Funds A General Fund Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Premiums, Hosp. Ins. Borrowed Money Social Sec. Tax Withheld Apr. 30, 1951 1,245.31 .00 461.23 17,172.74 2,248.10 26,116,23 92,546,61 6,133.33 11,518.24 1,753.90 151.45 .00 264,53 19,841.45 190,967.99 6,516.96 .00 3,831.99 1,601.01 22,790.57 13,934.35 1,553.30 126.95 20,000.00 ___ 253..5I 58,658.65 193,317.99 8,430.25 3/97.08 3,596.49 (1.354,30) 202,917.95 5,200,48 5,406.09 207,687.51 3,945.35 6,152.20 ___ 36.33 41.05 10,647.62 6,476.67 20,291.00 229.55 5,943.00 4,476.67 9,239.39 156.47 .00 .00 ___ 183-75 agency Funds Roon Damage & Key Deposits Total Liabilities, Current Fund Surplus & Deficit Account: Accumulated Op rating Deficit 248,444.56 Less: Operating Grin nt Apr.30 69,084,40 10,133.88 33,123.97 13,873.03 572.00 267,102.99 l,390.55 291,743.65 248 ,444.56 49.247.52 179,360,16 87,242,83 199.197.04 92,546,61 ��128 CENTRE COLLEGE OF KENTUCKY Operating Fund Statement of Incone & Expense Income Educations1 & General Student Fees Tuition & Fees Other Fees Endowment Investments Real Estate Restricted Unallocated Earnings Gifts Church Boards & Churches Individuals April 30, 1952 173,547.28 —1.333.31 174,880.59 21,263.63 377.40 55,686,59 77,327.62 24,324.72 _5.270.91 —29..595.6 3 281,803.84 Total Education & General Income Auxiliary Enterprises & Activities Residence Halls, KCW Residence Halls, Viseman Residence Hrlls, McReynolds Residence Hells, Breckinridge Centreville Dining Hall, KCW Cafeteria, Centre College Tea Room, KCW Coffee Shop, Centre College Bookstore & Postoffice 17,420.35 190.00 2,175.00 12,389.64 4,959.40 38,523.84 38,742.64 1,864.44 14,342.22 16,811.66 147,419.19 Other Non — Educational Income Student Activities Health Service Athletic Dept. Centre College Scholarships Other Revenues Total Income 3,500.00 1,440.00 9,739.18 24,675.13 5,498,70 44,853.01 474,076.04 ��129 Expense Educational & General Administrative & General President’s Office Vice President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office & Promotion, Women Dean of Women’s Office Student Promotion—Mon Alumni Office General Expense Board of Trustees Instructional Expense Library Operation & Maintenance April 30, 1952 10,135.56 10,611.32 6,587.36 3,333.12 6,131.43 3,618.61 1,953.44 4,621.11 8,701.25 6,725.95 ______ .00 94,601.57 10,510.75 46,955.32 152.067.64 214,486.79 Total Educational & General Expense Auxiliary Enterprises & Activities Residence Halls, KCW Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Brockinridge Centreville Dining Hall, KCW Cafeteria, Centre Tea Roon, KCW Coffee Shop, Centre Bookstore & Postoffice Other Non—Educational Expense Expense, Endowment Real Estate Student Activities Health Service Athletic Dept. Centre College Scholarships & Aid Bus Service House Mothers Central Stores Warehouse Total Expense Operating Gain April 30, 1952 62,419.15 10,037.07 664,95 1,740.52 6,298.56 3,313.81 37,410.65 35,541.39 2,329.43 14,322.75 13,200.25 124,859.38 8,889.62 3,300.46 1,284.94 8,904.78 40,615.94 916.39 850.00 8D^4 404,991.64 69,084,40 474,076,04 ��130 Statement of Profit -nd Loss Cafeteria, Centre College Month of April, 1952 Revenues: Students Faculty & Officers Employees Guests Banquets & Dinners Conferences • Expense: Inventory, Beginning Purchases To t al Less: Inventory, Ending Cost of Food Sold Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor’s Supplies Laundry Electricity Water Fuel for Heating Repairs Records, Supplies, Etc. Exterminator Service Rents Uniforms Total Expense Gain or (Loss) Year to date to Apr.30,1952 3.819.75 .00 80.00 .00 .00 _______.00 3.899.75 36,562.21 244.05 640.00 .00 826.50 _______ 469.88 38,742.64 721.20 2.769.73 3,670.93 605.06 2,865.87 274.20 25,125.19 25,399.39 _______ 605.06 24,794.33 295.00 2,360.00 630.50 4,142.50 .00 79.25 .00 97.36 .00 45.00 .00 85.59 .00 155.86 .00 21.86 16.09 96.38 23.21 187.89 .00 361.57 .00 26.50 42.52 545.85 .68 20.29 .00 65.36 20.00 80.00 2,066.64 258.33 _______ ,00_______________ 18.30 4,152.20 35,210.53 (252.45) 3,532.11 3,899.75 38,742.64 ��131 Statement of Profit & Loss Dining Hall, Women’s Dept. Month of April,1952 Revenues: Students Faculty & officers Employees Guests Banquets & Dinners Conferences Expense: Inventory, Beginning Purchases Total Less: Inventory, Ending Ccst of Food Sold: Salaries Wage s Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor’s Supplies Laundry Electricity Water Fuel for Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense: Grin or (Loss) Year to date to Apr.30,1952 3,487.60 35,104.81 87.36 698.88 211.20 1,689.60 6.50 251.15 .00 125.00 _____ .00_________ 654,40 3,792.66___________ 38,523.64 638.62 293.76 2,039.06____________ 22,364.11 2,677.68 22,657.87 _ 438.10______________ 438.10 2,239.58 22,219.77 273.33 2,186.64 1,239.00 8,146.41 .00 21.00 .00 185.83 7.50 52.50 .00 105.18 .00 97.16 2.38 91.69 22.83 137.22 14.37 189.70 .00 52.41 .00 127.91 41.48 631.88 .00 71.06 8,86 56.59 20.00 80.00 350.00 2,800.00 _________________________ 13.36 4,219.33 37,266.31 -.(426,67)___________ 1,257.53 3792.66 38,523.84 ��132 Budget Comparison—Income April, 1952 Budget 1951-52 Allotment Apr.30,1952 Realized Over Apr.30,1952 (Under) Student Fees General Fees Other Fees 179,032.00 _ 1,271.00 170,032.00 867.00 173,5^7.23 3,515,23 1,333.31 466.31 Endownent Unrestricted Real Estate (Unrestricted) Restricted _180,303.00 51,676.00 26,072.00 _ 7,204.00 170,699.00 174,680.59 3,981.59 35,165.48 714.82 21,263.63 (197.70) 5,102.93 300.29 Gifts Church Boards & Churches Individuals . 84,952.00 60,714.65 61,532.04 27,990.00 __16,315.00 21,100.00 13,877.06 24,324.72 3224.72 13,972.16 95.08 44,215.00 34,977.08 16,860.00 .00 2,436.64 12,048.00 3,840.00 1,645.60 1,720.00 720.00 1,044,00 38,296.88 3,319.80 Auxiliary Enterprises Residence Halls, KCW Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, KCW (Net) Cafeteria., Centre College (Net) Coffee Shop, Centre College (Net) Bookstore & Postoffice (Not) 17,200.00 .00 2,500.00 12,876.00 5,200.00 2,307.00 2,150.00 900.00 1,305.00 34,450.66 21,461.33 4,302.66 817.39 17,240.35 380.35 190.00 19O.OO 2,301.64 (135.00) 12,263.00 215.00 4,959.4O 1,119.40 1,257.53 (388.07) 3,532.11 1,812.11 319.47 (400,53) 1,111,66 67.66 Other Ncn-3ducationol Income Student Activities Health Service Athletic Dept., Men Scholarships Other Income Alumni Fund 44,330.00 40,314,24 43,175.16 2,860,92 3,500.00 3,500.00 3,500.00 .00 1,440.00 1,440.00 1.440.0C .00 9,610.00 9,610.00 9,739.18 129.18 20,117.77 20,117.77 24,675.13 4,557.36 6,500.00 4,800.CO 5,498.70 698.70 19,000.00__________ ,00__________ .00_____ .00 totals, Budgeted Income, etc. 60,167.77 39,467.77 44,853.91 5,385.24 414,017.77 346,372.74 362,737.68 16,364.94 Budgeted Deficit 1951-52 ficit at Apr. 30, 1952: De 12,189.39 ______________ 426,207.16 6,858.58 9,506.36 ��Budget Comparison—Expense April, 1952 Administrative & General Expense President’s Office Vice President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office, Student Pro. Women Denn of Women’s Office Student Promotion—Men Alunni Office General Expense Board of Trustees Instructional Expense Library Operation & Maintenance Endowment Real Estate Auxiliary Enterprises Residence Halls, KCW Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Tea Roon KCW (net) Other Non-Educ-tionml Expense Student Activities Health Service Athletic Dept.Men Scholarships & Grants in Aid Bus Service Housemothers, Fraternity Houses Central Stores Warehouse Debt Service Totals, Budgeted Expense, etc. Budget 1951-52 Allotment at Apr.30.1952 Expended at Apr.30,1952 (Over) Under • 14,680,00 15 ,680.00 10,325.00 5,685.00 9,181.25 6,440.00 2,719.96 7,895.00 11,090.00 10,610.00 100.00 _94,406.21 9,999.38 10,604.23 6,883.33 3,790.00 6,131.93 9,093.33 1,813.30 5,263.33 7,060.00 6,860.00 66.66 62,564.99 10,135.56 (136.18) (7.09) 10,611.32 6,587.36 295.97 456.88 3,333.12 6,256.38 (129.95) 3,618.61 474.72 1.935.95 (122.65) 4,621.11 642.22 8,701.25 (1,641.25) 6,725.95 13^.05 .00 66.66 62,526.61 33.3b 137,905.73 16,895.00 62,715.00 __ll.648.5G 228,664.23 89,706.15 10,680.00 93,565.66 7.939.00 151,890.70 89,510.07 196.08 10,510.75 169.25 96,955.32 (3.389.66) 8.889.62 (950.62) 155.865.76(3.975.06) 13,710.00 .00 1,876.00 7,821.00 4,000.00 500.00 27,907.00 10,010.41 .00 1,376.66 5,521.16 3,200.00 400.00 20.508.23 10,037.07 (26.66) 664.95 (664.95) 1,740.52 (363.86) 6,298.56 (777.90) 3,313.81 (113.81) 464.99 (64.99) 22.517.90 (2.011.67) 3,500.00 2,010.00 9,805.00 36,092.72 1,815.00 1,800.00 1,207.00 19,000.00 75,229,72. 3,300.46 1,268.00 9,080.00 36,092.72 1,300.00 1,300.00 854.66 .00 53,195.89 3,300.46 .00 1,284.94 (16.94) 8,904.78 175.22 40,615.94 (523.22) 916.39 383.61 850.00 450.00 883.34 (28.68) .00 .00 56.755.85 (3.560.01) 426,207.16 288,159.76 297,666.12 (9,506,36) ��MINUTES OF THE EXECUTIVE COMMITTEE July 18, 1952 The meeting was called to order by the chairman, Er. J. R. Cowan The meeting was opened with prayer by Dr, Jesse Herrmann, Eresent were: Er, J, R, Cowan, Chairman, Messrs. Logan Cald— well, W achs, Jones, Lanier, Lively, and Dr, Herrmann and President Groves and Vice President Stewart. Dr. Cowan appointed Mr. Lively secretary pro-tern in the absence of Mr. W. P. Caldwell. The Treasurer, Mr. Logan Caldwell, recorded the receipt of ap­ proximately $26,000,00, the Bequest of Mrs. Carrie Magill, for the Magil endowment. Mr. Caldwell also reported the receipt of $3,000.00, the ini­ tial payment of the bequest of the Mutchmore estate, for the establish­ ment of the Mutchmore endowment fund. Both of these funds Mr. Caldwell reported are for '’unrestricted" endowment. President Groves reported a letter of June 1, 1952, from Mr, Edouard d. Eller, secretary of the General Education Board, releasing for use according to the decision of the Board of Trustees, all gifts to Centre College of Kentucky from the General Education Board. Mr. Pierce Lively presented a digest of this letter of the General Education Board, and stated that, according to the terms of the letter, it was his opinion that insofar as the granter of this gift is concerned, there would be no objection to Centre Colleges' using the $200,000.00 received from the General Education Board in accordance with an agreement dated January 26, 1921, for the elimination of that portion of the indebtedness of the college in its endowment fund, which has resulted from borrowing from the endowment fund to make up operating deficits. After hearing the report of Mr. Lively, the Executive Committee voted to recommend to the full Board, in accordance with the terms of the letter of the General Education Board of June 1, 1952, that the $200,000. donated by the General Education Board in accordance with the agreement of January 26, 1921, for the endowment of the college, be used to elimin­ ate the deficit of $191,067.99 owed by the operation fund of the college to the endowment fund, and that President Groves be asked to canvass the vote of all the members of the Board of Trustees by mail on this matter. Mr. Arnicar presented the business Manager's report for the col­ lege operations up to and including June 30, 1952. Copy of this report is attached, showing that to date, income has exceeded budget expectations by $19,229.91, and expenditures have also exceeded expectations by $8,002, 65, so that as of June 30,1952, the operational account shows an "overage" of $11,227.26. However, Mr. Arnicar pointed out that the budgeted expense involves a deficit of $12,189.39 over the budgeted income, so that in spite of the relatively sound situation in the operational budget, it still will be necessary to use funds from the emergency campaign to prevent a deficit for the year 1951-52. On motion, it was voted to receive and file the report of the business Manager, ���Dr. J. R, Cowan announced the appointment of the following committees for 1952-1953. Executive Committee Dr. Dr. Mr. Mr. finance Committee Mr. L. Caldwell, Mr. Baker, Mr. Lee, Mr. Lanier, Dr. Cowan, E. C. Gamble. Buildings and Grounds Committee Budget Committee Financial Promotion Committee Committee on Fraternities Physical Education Building Committee Committee on Athletics Committee on Honorary Degrees Committee on New Trustees Cowan, Mr. W. P. Caldwell (secretary) Herrmann, Mr. Wachs, Mr. L. Caldwell, Baker, Mr. Zan Winkle, Mr, Lanier, Pierce Lively, Mr. Jones. Mr. W. P. Caldwell, Mr. Nevin, Mr. Jones, Miss Amelia Yerkes Mr. Lanier, Mr. Wachs, L. Caldwell. Mr. Sam B. Jones, Mr, Baker, Mr. Lanier, Mr. McDowell Mr. Joplin, Mr. L. Caldwell, Mr. Van Winkle, Mr. N. Armstrong, Mr. Jones, Mr. L, Caldwell, Mr. Nevin, Mr. N. Armstrong Mr. N. Armstrong, Mr. Van Winkle, Mr, Van Antwerp, Mr. Joplin, Mr. Campbell. Mr. Van Antwerp, Mr. Joplin, Dr. Benfield, Miss Poynter. Dr. Cowan, Mr. Ike Lanier, Mr. Baker. In conformity to the action of the full Board at its meeting May 30-31, 1952, it was voted that in recognition of the many years of devoted service of Mr. Nelson D, Rodes to Centre College as an alumnus and a Trustee, the Trustees grant an honor scholarship of $450.00 to a boy or a girl from Boyle County, the awarding of this scholarship to be determined by the faculty committee on scholarships, it being understood that the scholarship may be held by one student throughout the four years of his or her college course, or it may be awarded by the committee to a different student each year, which seems advisible. President Groves reported the acceptance of election to the Board of Trustees by Mr. E. C. Gamble of Cincinnati (class of 1953, ��136 committee # 2), Dr. W. A. Benfield, Jr., (class1955, committee # 2), Mr. Pierce Lively, Danville (class of 1955, committee #2), and Mr. Louis Seelbach, Louieville (class of 1956, committee # 3). After discussion of paragraph 23 of the will of Miss Emma T. Weisiger, in which it states "a one-fifth part (of the remainder of the Emma T. Weisiger estate) to Centre College of Kentucky, shall constitute an endowment for the Emma W'eisiger Art and Music Building described in paragraph #22 of this will”, it was voted that Mr. F. Pierce Lively be authorized to take the proper court action for the construction of this will so as to enable the college to use the income from endowment for the Emma Weisiger Art and Music Department. President Groves reported a further request for action by the Board of .trustees of the college, from the Presbyterian Board of Christian education for approval of a public-opinion survey for all Presbyterian Colleges which would cost Centre College of Kentucky for its share, $582. After further consideration of the matter, it was voted to inform the Board of Education that Centre College of Kentucky did not approve the survey because of its belief that it would serve no good purpose, neither for Centre College of Kentucky nor any of the other participating colleges. The executive Committee approved the following agreement between Centre College of Kentucky and the Danville Chamber of Commerce for the installation and presentation by the Danville Chamber of Commerce of a system of flood-lights in the Farris Stadium. An agreement between Centre College of Kentucky and the Dan­ ville Chamber of Commerce for the installation and presentation by the Danville Chamber of Commerce of a system of flood lights and other light­ ing to Centre College of Kentucky to enable both Centre College and Danville High School football teams to play night games during the Fall football season. 1. The Board of Trustees of Centre College expresses its sincere gratitude to the Danville Chamber of Commerce for their generosity in being willing to install and present to the college a lighting system of flood lights and other necessary lighting for the Farris Stadium, 2. It is agreed that the plans for this lighting system and the type of installation shall first be approved by the Board of Trustees of Centre College. 3. The sale of season tickets for reserved seats at both high school and college games shall be turned over to the Chamber of Commerce for a period of five years, all the funds from the sale of which shall be used to amortize the cost of the stadium lighting system. The price of season reserved-seat tickets suggested, is ten dollar for eight games, four high school games and four college games. In the event that additional games are played in future seasons, the price will be increased accordingly. ��4, The college and high school together request the Chamber of Commerce to determine Policies with regard to the issuance of passes for any or all games. 5. return for the gift of this lighting system, the Board of Trustees shall make the following agreement with the Board of Education of the City of Danville for the use of the Farris Stadium for night foot­ ball games by the Danville High School varsity football team. a. Danville High School shall be permitted to play up to seven inter—scholastic football games in any one fall season. b. The high school games as a general rule shall be played on Friday nights and the college games shall be played on Saturday nights. c. Hie sale of general admission tickets shall be the respon­ sibility of the high school for high school games, and the proceeds of the sale of these general admission tickets for high school games, shall belong to the high school. The sale of general admission tickets for college games shall be the responsibility of the college and the proceeds of these sales shall be the property of the college. d. The maintainance of the football field and stadium, the marking of the football field, the cleaning up of the field and the sta­ dium after games, the maintainance and upkeep of the lighting system, the maintainance and upkeep of the loudspeaker public-address system, and the fire and extended coverage insurance of the lighting system to be carried by the college, all shall be pro-rated between the college and the high school in a proportion determined by the number of games played in the football season by the college and the high school. The public liability insurance shall be carried by the col­ lege and shall be paid by the college and the high school in a proportion determined by the attendance at their respective games. e. f. The cost of all electricity used for lighting the football field and stadium as determined by a separate meter, shall be paid by the college or the high school, whichever uses the lights. g. The high school shall pay for the game officials and game guarantees for their high school games, and the college shall pay for the game officials and game guarantees to visiting teams for their college games. h. Hie high school shall retain oversight and control of all concessions at high school games, and the college shall retain oversight and control of all concessions at college games. i. Hie high school shall provide and oo rosponsible for the proper police protection at all high school games, and the college shall provide and be responsible for all police protection at all college games. J, The college and high school understand that this agreement shall continue no longer than five years, or until the lights have been ��f°r WhicheVer interval is shorter, and at the conclusion of that period agreement shall be made between the college and the high school which shall cover the period of the life of the lighting sys- 6. The college shall carry the necessary fire and extended coverage insurance on the lighting system. is It agreed that in the event of the destruction of the lighting system by a violent storm or any other similar catastrophe, that neither the high school nor the college shall be responsible for the replacement of the lighting system beyond the amount covered by the insurance. 7. President Groves reported from the director of admissions, that as of July 13, seventy new men students have applied for admission in September, and fifty-five women students, for a total of 125 as against 114 applications on the same date a year ago. (The admissions office estimates a total enrollment of 350.) Adjournment F. Pierce Lively, secretary pro-tern. ��MINUTES OF THE EXECUTIVE COMMITTEE. 139 October 3, 1952 The meeting was called to order by the chairman, Dr. J. R. Cowan. The meeting was opened with prayer by President Groves. Present were Dr. J. R. Cowan, chairman, W.P. Caldwell, Secretary, Dr. Herr­ mann, Messrs. Tachs, Logan Caldwell, Lively, and Jones, and President Groves and Vice President Stewart. The minutes of the Executive Committee meeting of July 18, 1952, were approved as mimeographed and circulated. hr. .W. P. Caldwell tendered his resignation as secretary of the Board of Trus­ tees, and on nomination, hr. F. Pierce Lively was elected to take his place. Mr. Lively reported the court order of the Boyle Circuit Court entered in the court records September 25, 1952 concerning the sections of the will of Emma Weisiger which concerned Centre College of Kentucky as follows. BOYLE CIRCUIT COURT 9/25/52 FARMER NATIONAL BANK OF DANVILLE,KENTUCKY? S AS EXECUTOR .AND TRUSTEE UNDER THE LAST WILL .AND TESTAMENT OF EMMA WEISIGER; DECEASED. PLAINTIFF Vs. • . . ORDER HELEN GILL, ET AL DEFENDANTS The answer and counterclaim of Centre College of Kentucky and amendment thereto having been submitted to the Court, and the Court being sufficiently advised, it is ordered that the Farmers National Bank of Danville, Kentucky, as executor and trustee under the last will and testament of Emma Weisiger, deceased, pay to Centre College of Kentucky at this time the sum of $50,000.00 bequeathed to said Centre College of Kentucky under the 22nd paragraph of the will of Emma Heisiger and that Centre College of Kentucky invest such sum of $50,000.00 until such time as the additional necessary funds can be obtained for the construction of this building. It is further ordered and adjudged by the Court that the one-fifth part of the residue of the estate of Emma Weisiger, deceased, may be used by said Centre College of Kentucky, as an endowment not only of the Emma Weisigcr Music and Art Building but also as an endowment for the music and art departments of Centre College of Kentucky, which depart­ ments will occupy and carry on their functions in the said Emma Weisiger Music and Art Building. JUDGE ��140 Mr Logan Caldwell, treasurer, reported the receipt of the $50,000.00 from the executors of the Weisiger Estate, and the purchase of Government 2 and 3/8 percent Bonds with the proceeds which are now in the custody of the Guarantee Trust Company in New York City. It should be stated that they are in the cus­ tody of the Guarantee Trust Company at no cost to the college, and also at a saving of delivery charges pending their sale when needed. On Recommendation, the following resolution concerning Professor-Emeritus Thomas E. Cochran was voted, and President Groves was authorized to send a copy of it to Dr. Cochran. Be it resolved that the Board of Trustees of Centre College of Ken­ tucky express their full appreciation and gratitude to Thomas Everette Cochran for the twenty-two years of fine work which he has done as a teacher of psychology and education on the college faculty. Many of Dr. Cochran's students are now in the teaching profession because of his counsel and guidance. All who have sat under him are better men and wo­ men by reason of his Christian character and the example of his loyal and unselfish devotion to their welfare and the welfare of the college. Be it further resolved that in recognition of his scholarship and his ability as a teacher of youth Thomas Everette Cochran be elected professor emeritus of psychology and education of Centre College of Kentucky. President Groves reported on the "kick-off" dinner of the Kentucky Inde­ pendent College Foundation at which $56,000.00 was reported in gifts from var­ ious industries, mostly located in Louisville, to the Foundation, and further that $3,375.00 is to be paid immediately from the cash proceeds of these gifts the share of Centre College, in the initial distribution of funds. President Groves reported that the Synod of Kentucky of the Presbyterian Church, U.S.A., ratified Messrs. Armstrong, Lee, and Vinson as Trustees of the college of 1956, and that the Synod of Kentucky of the Presbyterian Church, U.S,, ratified Mr. Van Winkle of the class of 1956, Hr. E. C. Gamble, of the class of 1953 to fill the unexpired tern of the late Mr. Wallis, Dr. Benfield of the class oi' 1955 to fill the unexpired term of the late Dr. Miles, and Mr. F. Pierce Lively to fill the unexpired term of Mr. E. G. Sutcliffe, resigned. President Groves reported on gifts from the Presbyterian Churches during the year as follows: •. . . From the Synod of Kentucky of the Presbyterian Church in U. S., Committee on Educational Institutions, $13,545.94. From 10 individual churches of the Synod of Kentucky, U.S., $1500.00 for scholarships. From the Board of Christian Education of the Presbyterian Church, U.S.A., $13,408.00. From individual churches of the Synod of Kentucky, Presbyterian Church, U.S.A., $5,424.01. ��Total church giving during the past year - $33,877.95. President Groves reported on the action of the Synod of Kentucky of the Pres­ byterian church in the U.S. at its recent meeting held in Danville, Kentucky, con­ cerning Capital Funds Campaign for Higher Education in the Synod of Kentucky, U.S. as follows: 1. That Synod recognize the needs of its three Institutions of Higher Education, namely Lees Junior College, Centre College, and Louisville Seminary, for capital funds for building purposes or endowment. 2. That Synod designate the church year of 1954 for a financial campaign of $850,000. for these Institutions, with $250,000 as the objective for each of the participating Institutions and with $100,000. for stu­ dent Work. 3. That the Board of Trustees of those Institutions and the Committee on student work designate at the next meeting of Synod the purposes for which its share of the funds would bo used. 4. That gifts designated be strictly recognized and handled as such, but that undesignated gifts be used as an equalization fund with the view of bringing the net receipts of each Institution as nearly as possible to the objective adopted. 5. That Synod authorize a Campaign Committee composed of two persons nom­ inated from each of the Educational Institutions, and one additional member to serve as Chairman of the Committee, having no official con­ nection with any of the Educational Institutions, and to be nominated to the Synod by the Nominating Committee. In accordance with this aforementioned action of the Presbyterian Church, U.S., Mr. Don Campbell and Mr. Hugh Nevin were appointed to serve on the committee in ac­ cordance with the stipulations of paragraph 5 of the recommendation. It was further noted that the Trustees of Centre College of Kentucky must de­ signate before the next meeting of Synod, namely before September 1953, the purposes for which its share of the funds shall bo used. In accordance with the report of the Special Committee on Higher Education of the General Assembly of the Presbyterian Church in the U.S., and following letters of Dr. Hunter Blakely, secretary of the Division of Higher Education of the Board of Christian Education of the Presbyterian Church in the U.S., concerning a self­ survey of Centre College, the following trustee committees woro appointed to make this self-survey. Committee No. 1, on Control and Support: Messrs. Benfield, Lively, and Joplin. Committee No. 2, on Christian purpose and Functions of the College: Cowan, Herrmann, and Gamble. Committee No. 3, on Students: Messrs. Messrs. Campbell, and Wachs, and Miss Poynter. ��On recommendation of the Faculty, the following students who completed their course of studies for the A. B. degree on August 2, 1952, were approved for the Bachelor of Arts degree, their diplomas to be dated August 2, 1952, Charles Ditman Davis Richard Lamar Frymire, Jr. John Richard Oakley Robert Hugh Squair Jimmy Rice Trimble James Thomas Tyson Donald Henry Vogel On the recommendation of Dr. Richard I. Rush, head of the Department of Chem­ istry, and also of Dean Jameson Jones, and upon further recommendation of Pres­ ident proves, it was voted to promote Dr. John H. Wallkup to the rank of full pro­ fessor of Chemistry. It was noted that Dr. Jalkup not only has done excellent work as a teacher at the college for the past seven years, but also has done recognized research in connection with the research contract of the college with the West Virginia Pulp and Paper Company. Note was made of the completion of the installation of flood lights in the Farris Stadium, in accordance with the agreement of July 18, 1952, with the Danville Chamber of Commerce at a cost of $19,500.00. On recommendation, it was voted that the secretary of the Board of Trustees send an appropriate letter to the Danville Chamber of Commerce. President Groves reported that in accordance with the recommendation of the Executive Committee at its meeting on July 18, twenty members of the trustees or 5/6 of the total membership voted in the affirmative to apply the General Education Board Funds to the elimination of the amount owed by the operation account of the college to the endowment account in accordance with the letter of permission of Juno 1, 1952 of the General Education Board. It was further reported that this action has already been reported to the auditors of the college, and the necessary changes in the college accounts have been made. President Groves made the report for the Admissions Office of the college on enrollment, which shows that there are 201 men and 150 women, for a total of 351 students enrolled for the Fall semester. This enrollment is 31 students better than anticipated last Spring, but 28 students lees than were enrolled for the Fall of 1951. It was pointed out in this connection, that the college cannot operate on a balanced budget with less than 400 students. It was also pointed out that there is every reason to hope that this minimum will be obtained by the Fall of 1953. The Business Manager, Mr. Arnicar, made the report for the completion of the operations of the fiscal year as of August 31, 1952, which show that the college operated on a balanced budget though to do so it had to use in addition to other gifts and income, $16,536.90 from the Emergency Fund raised during 1951-1952. The Business Manager also reported a balance of $4,476. in this fund as of August 31, 1952, which will be applied to the operation account in 1952-1953. ��President Groves reported the aforementioned $4,476., of $2,603. and a large portion of the pledges there is in this Fund now, a total plicable to the operational budget receipt of Emergency Fund Gifts over and above th in cash, and $2,400 in pledges, all of the cash made since September 1, 1952. This means that of $2,603.00 in cash and $2,400 in pledges ap­ for 1952-1953. The Business Manager reported a tentative budget for 1952-1953, showing that prior to the application of any Emergency Funds, the apparent deficit for the coming year will be $25,499.75. On the recommendation of President Groves it was voted to refer the budget to | the trustees Budget Committee to seo whether suggested cuts in expenditures might be possible, to refer the matter concerning the operation of the fraternity houses to the trustee’s Committee on Fraternities to see whether there might be savings possible in the operation of the fraternity houses, and to refer the items concerning the Emergency Fund and the Kentucky Independent College Foundation to the trus­ tee's Financial Promotion Committee. It was also understood that President Groves would arrange meetings of all throe of these committees as early as possible. President Groves read a report concerning the application for an R.O.T.C. Unit at Centre College of Kentucky. Following the report, it was voted that in the ap­ plication of Centre College of Kentucky for the establishment of a ’’general training unit” of the P.O.T.C. , that it be stated that all freshmen and all sophomore men ex­ cept veterans and students not physically qualified must complete four semesters in military science and tactics during the freshman and sophomore years with the fol­ lowing exceptions: A. B. C. Those who have served in the armed services. Those who are certified by a physician to be not physically able to take military drill. Conscientious objectors to military service who may be excused by the col­ lege president. After discussion, it was voted to hold the Fall meeting of the full Board of Trustees at 2:30 p.m., C.S.T., in the President’s Office on Friday, November 14, 1952. The meeting adjourned to visit the Alumni Memorial Gymnasium and witness the progress being made upon the completion of the Gymnasium, the completion of the Farris Memorial Gateway, and the plans for the construction of the McMillin Mem­ orial Room. Adjournment. F. Pierce Lively Secretary ��t 144 MEETING OF THE BOARD OF TRUSTEES November 14-15, 1952 The meeting was called tn order by the chairman, Dr. Cowan. Prayer was offered by Dr. Herrmann. Present Present were Messrs. Lee, were Messrs. Lee, Armstrong, Van Winkle, Logan Caldwell, Seelbach, Wiseman, Van Antwerp, Nevin, Gamble, McDowell, Herrmann, W. P. Caldwell, Wachs, Baker, Jones, Cowan, Lanier, Benfield, Lively, and Miss Yerkes, and Miss Poynter, and Presi­ dent Groves, and Vice President Stewart. It was moved and carried that the minutes of the full Board meeting of May 3031,1952, and the minutes of the Executive Committee meeting of July 18 and October 3, 1952, be approved as circulated. Mr. Logan Caldwell made his report as Treasurer of the college. attached. ) (See report It was moved and carried that the action of the treasurer in exceeding the limit of $600,000 in investments in real estate mortgages from the endowment funds be ap­ proved. It was moved and carried that the report of the Treasurer be received and filed. (Attached) * Mr. Arnicar made his report as Business Manager of the college, (see report attached.) • • It was moved and carried to accept the report with the inclusion of the further recommendation moved by Mr. Lanier that the Business Manager be commended for making one of the best reports ever submitted to the Board of Trustees. Mr. Lanier made the report of the budget committee and proposed a budget for the fiscal year 1252-1953 (see budget attached). It was moved and carried that this budget presented by Mr. Lanier as Chairman of the Trustee’s Budget Committee be adopted as the budget for 1952-1953? Vice President Stewart made a report in which were outlined plans for student promotion which, if successfully implemented, should bring the enrollment of the col­ lege to 400 students. The difficulties of meeting this goal were pointed out, but it was stated by Dr. Stewart that there is every hope that this goal will be attain­ ed. A further report was made by Dr, Stewart concerning plans for financial promo­ tion to enable the college to acquire the funds necessary to balance the operational account for 1952-1953. President Groves made the following report concerning the operational budget of the college: In 1940-1941, the endowment of the college paid 451/2 percent of the educa­ tional bill of each student, or in terms of dollars, $178.50 per student. In the terms of purchasing power, that $178.50 today equals $339.15 (Based * on bureau of Department of Labor, Cost of Living Index). During the year ��H 1951-1952, Centre had an over-all enrollment of 403 students. Thus, simply to do today what was done eleven years ago, it would take an endowment income of $136,677.45. The all-over enrollment for the current year will he slight­ ly less, possibly by about 25 students, but we are safe in using the figures for the year just closed inasmuch as they are actual. • • During the year just closed, the actual endowment income for educational pur­ poses was 73,590.88. Thus, to pay salaries and to do all the other things which were done in 1940-1914, requires $63,086.57 additional. From this it will be seen that the additional help that Centre has received in the past two years from the churches and from friends of the college, is not really "emergency help". It is simply "living endowment", which is being added to the regular endowment income of the college to help it keep pace with increasing costs. Thus, the financial problem of the college, as far as its operational budget is concerned, is to find ways and means of supplementing endowment income by living endowment. This is the real meaning of the spe­ cial assistance which the college has been trying to obtain, and is even now attempting to raise. V * W After this statement by President Groves, it was taken by consent that in the future, the item of "living endowment” be included in the regular budget of the col­ lege in sufficient amount to assure a balanced budget. In further amplification of the report of Vice President Stewart, President Groves made the following statement concerning "the living endowment fund" (formerly called emergency fund). Receipts are as follows: September October November Total $2,593,00 1,795.00 720.00 $5,108.00 Pledges due on Fund from 1951-1952 Pledges made since September 1, 1952 Total pledges $1,800,00 655.00 $2,455.00 Total cash and pledges to date. $7,563.00 Kentucky Independent College Fund Received to date from Kentucky Independent College Foundation. Due on pledges to the Foundation to date. Total cash and pledges. „ $3,375,00 3.625.00 $7,000.00_ Total receipts from "Living Endowment Fund" and from Kentucky Independent Col­ lege Foundation, both cash and pledges, applicable to the operational budget for 1952-1953 are as follows: "Living Endowment Fund" 1952-1953 Balance from Emergency Fund of 1951-1952 $7,563.00 1,533.36 ��146 Kentucky Independent College Foundation Total * $7,000.00 $16,096.36 Needed to balance budget for 1952-1953: From Kentucky Independent College Foundation, and/or From "Living Endowment Fund” $40,000.00 Received to date in cash or pledges To be raised between now and August' $16,096.36 $23,904.36 President Groves made the following Proposal for immediate capital needs of the college. He stated that this report was being made in view of the necessity of fur­ nishing to the Synod of Kentucky by the time of its meeting in September, 1953, such a list in preparation for the Capital Funds Campaign for Higher Education, planned by the Synod of Kentucky of the Presbyterian US for 1954. The needs are as follows. Our greatest and most urgent need, is $125,000 to build the Art and Music Building. Through the bequest of Miss Emma Weisiger of Danville, Kentucky, Centre College has been granted in cash $40,000 toward the erection of this building, and $10,000 more for its equipment. In addition, from the Weisiger estate, approximately $140,000 more is to be made available for the endowment of the building andthe department. However, this means that use cannot be made of the previously mentioned $50,000 until an additional $125,000 is ob­ tained, or a total of $175,000, which is what will be required for the com­ pletion of this building and its equipment. When Miss Weisiger wrote her will some 15 years ago, the $50,000 stipulated in her will would have been suffi­ cient. However, today’s prices make it quite evident that $175,000 will be needed to complete the job envisioned by the generous bequest of Miss F>iwa Weisiger, A second need is the renovation of the auditorium on the women’s campus in West Hall to convert it into a more suitable Place for dramatics and debate, fith the completion of the Emma Weisiger Art and Music Building, the Wiseman organ and the Stagg chimes should be moved to the Art and Music Building. If and when this change can be made, then the auditorium can be further remodeled to enlarge the stage, bank the seats, and put the proper insulation in the ceiling which will keep the noises from the dormitories over the auditorium from permeating the auditorium and thus interfering with whatever exercises are being held in that room. Until this remodeling is studied more carefully, it is impossible to make an estimate of the amount required. A third requirement is the money to replace the several heating plants on both campuses, and in particular the heating plant in Young Science Hall. Natural gas is now available in Danville, and has proven to be much cleaner and much more economical than coal. This means that the once contemplated central heat­ ing plant is no longer a necessity. However, advantage should be taken of the availability of this natural gas to convert our several remaining coal-burning furnaces, and to replace the boilers which need replacement right now. A fourth need is the construction of the new driveways on the men’s campus, re­ commended by nur landscape engineers when the survey of the physical needs of the college was made several years hack. The present driveways are out nf date ��and inadequate for modern automobile traffic. are a hazard which should be removed. Likewise the entrances and exits A fifth need also recommended by these landscape engineers, is the money for the grading of our athletic fields, which will make them about twice as use­ ful as they are now. The present fields are on three different levels. They ought to be brought to one level, which means that if and when this is done, we would have about 50 Percent more playing space than is now available. On motion it was voted to refer this report to the Buildings and Grounds Commit­ tee for investigation and report to the Board of Trustees at its meeting in June 1953. • President C-roves reported on steps being taken to obtain an Army ROTO Unit for Centre College of Kentucky, and on motion, it was voted that the full Board reaffirm the previous action of the Executive Committee (see minutes of October 3, 1952), making the basic course in ROTC, in the event that a unit is established at Centre, College, required of all freshmen and sophomore students. I Mr. Hugh Nevin reported on the work on the Alumni Memorial Building, the Farris Gateway, the McMillin Memorial Room, and the installation of the bathrooms in the Craik House, stating that the total expenditures for all of these items would be well within the limit of $40,000 imposed by the Board of Trustees at its meeting on May 30-31, 1?52, at which these different projects were approved. President Groves reported a letter written to Mr. Bob Ensminger, Secretary of the Alumni Association, informing the Board of Directors of the Alumni Association that there has been included in the budget of the fiscal year 1952-1953 in accor­ dance with the action of the Directors of the Alumni Association at their meeting May 31, 1952, the following items: a. b. c. salary increases granted for the year 1952-1953 part payment of salaries of Alumni Secretary and Alumnae Secretary in accordance with the practice of previous years. Total anticipated by the college from the 12th Alumni Fund for the above. $13,500 2,500 16,000 It was further pointed out that should the Alumni Fund Campaign be no more suc­ cessful than it has been during the past two years, that it should realize not only the above $16,000 in cash, but also enough to pay for the several projects of the. Alumnae members for the women’s campus, the full expenses for printing and mailing in connection with the campaign, a reserve for the sinking fund of the Alumni Asso­ ciation and other indidentals. The oath of office was administered to the newly elected trustees, Messrs. Seel­ bach, Gamble, Benfield, and Lively, by the notary public, Mrs. Robert C. Patterson. Secretary Lively reported and read the letter of appreciation authorized by the Executive Committee at its meeting on October 3, 1952, to the Danville Chamber of Commerce in appreciation of the installation of the lights in Farris Stadium. President Groves recommended the following changes in college fees, namely that beginning June 1954, a graduation fee of $15.00 be charged, and that in September, ��148 1953 the general fee of $500 be changed tn tuition fee, $500. and at the same time a student-activity fee of $30 be charged in addition to the $500 tuition fee. It was voted that this recommendation be referred to the Executive Committee for further study and power to act. President Groves read the minutes of the meeting of the Trustee's Committee on fraternities, of October 24, 1952, and on motion, it was voted to approve the recomnendation of the committee that, due to the limited enrollment and the consequent financial burden placed upon the several fraternities, that the requirement that fraternities have a housemother be waived for this year only, thugh each fraternity be strongly urged to continue housemothers if they possibly can do so. The meeting was recessed until 10:00 a.m, Saturday, November 15th. The meeting re-convened at 10:00a.m., November 15, 1952, and was called to or der by the chairman, Tr. Cowan. Prayer was offered by President Groves. On motion, the following resolution was adopted. Resolved - that the chairman of the Board of Trustees of Centre College of Ken­ tucky and the treasurer, shall have full authority to execute, sign and countersign any and all checks and drafts necessary to be executed on behalf of Centre College of Kentucky; to release any and all mortgages, liens, and other evidences of indebted­ ness; and to sell, assign, and transfer securities on behalf of said Centre College of Kentucky, and to execute all assignments of stock certificates and bonds, whether for sale, transfer or redemption; and to perform any and all other duties which may be necessary in exercising the foregoing authority. Mr. Herbert S. Chase, Executive Director of the Kentucky Independent College Foundation, was Present and was introduced to the members of the Board. Mr. Chase then spoke briefly on the work of the foundation for the eight, independent, senior colleges of which Centre College is one. The report of the meeting of the finance Committee of the Board of Trustees, held in the evening of November 14, was presented and the following recommendations of the Committee were approved by the full Board. It was voted to adopt the program for changes in the investments of the endow­ ment funds of the college, recommended by the United States Trust Company in their communication of November 10, 1952 (copy attached), with the following exceptions: a. That Mr. Caldwell be requested to attain further information concerning the Drackett Company, and that he be authorized at his discretion at that time to sell the 100 preferred shares of Drackett stock and buy 300 shares of Drackett common stock. b. That the 600 shares of Table Mesa be retained. c. That 100 shares of common stock of Corning Glass be purchased either in­ stead of the recommended purchase of 112 shares of common stock of Allis-Chalmers, or by the sale of additional shares of National Duel Gas stock. ��149 It was moved that the treasurer be limited in the investment in real estate mort gages up to a total investment of $700,000 of the endowment funds (the previous limit set at the meeting of June 1, 1951. was $600,000). It was voted to ask Mr. Pierce Lively, secretary of the Board of Trustees, to attend future meetings of the Finance Committee and to act as its secretary. It was moved and carried that the report of the Trustee’s Committee on New By­ laws be continued and that the committee be asked to present the by-laws now before the full Board with revisions at the meeting in June, 1953. It was moved and carried that any income from the endowment of the Weisiger estate be applied as received to the expenses of the Art and Music Department. On motion duly made and seconded, the minutes of the "Board of'Trustees on May 30-31, 1952, were corrected so as to incorporate the following resolution which was passed at that time, but which through inadventure of the Secretary, was not in the recorded minutes of the meeting. Whereas, at the meeting of the Board of Trustees on November 10,1951, the re­ signation of Elbert G. Sutcliffe as a member of the Board of Trustees was received and Whereas, at said meeting of the Board of Trustees, the following resolution was adopted urging Mr. Sutcliffe to reconsider his recommendation. ”Be it resolved that the Board of Trustees is greatly concerned by the resignation which has been tendered by Elbert G. Sutcliffe. The unselfish service of Elbert Sutcliffe as a member of the Board over a long period of years is one that all have sincerely appreciated. All have regarded him as one of the ’’family” of Centre College. Therefore while the Board fully re­ cognizes the fact that it has no right, and is not even in a position to encroach on matters which are the personal and considered judgment of Mr. Sutcliffe, nonetheless, in the hope that Mr. Sutcliffe nay in the near future see fit to reconsider his decision and withdraw his resignation, it earnestly requests him to do so and further requests that the chairman of the Board and the president of the college convey this desire to Mr. Sutcliffe, and be it further resolved that the Board take no action in this natter at the present meeting." (From minutes of November 10, 1951). And, whereas Mr. Sutcliffe has notified the Board of Trustees that he does not feel that he can reconsider his resignation, "a d that he would like for it to be ac­ n cepted. w Now, therefore be it resolved that the Board of Trustees accepts the resignation of Elbert G. Sutcliffe with sincere regret; that the Board of Trustees reaffirm the sentiments expressed in the resolution of November 10, 1951, and further expresses the hope and expectation that at sone later date, Mr. Sutcliffe will again accept membership on the Board and will again contribute the service and devotion to Centre College which characterized his long tern on the Boardof Trustees; and Be it further resolved that the chairman of the Board of Trustees be instructed to convey a copy of this resolution to Mr. Sutcliffe. ��150 Viseman, dated November 10, 1952 the Board of Trustees from Mr. J. After discussion, it was unanimously voted to his resignation and to further request Dr Cowan personally this resolution to Mr. J. E. Wiseman. Adjournment. J. Pierce Lively Secretary u V.iseman to withdraw chairman of the Board to convey ��MINUTES CF THE EXECUTIVE COMMITTEE December 19, 1952 151 The meeting was called to order by the Chairman Dr. J. r. Cowan. Prayer was offered by President Groves. Present were: Messrs. Cowan, W. P. Caldwell, I,. Caldwell, VanWinkle, Lanier, Lively, Jones, and President Groves. Mr. Arnicar was present and made the report of the business manager for the first quarter of 1952-1953. In the course of his report, Mr. Arnicar pointed out that the college was some $20,000 behind in gifts for designated purposes as com­ pared to the same date a year ago, with the result that the operating gain at November 30, 1952, is approximately the same amount less than as of November 30, 1951. after full discussion of the report it was voted to receive and approve the report of the business manager. Mr. Arnicar presented the need of trie college for monies in order to pay out­ standing bills, and on motion the following resolutions were passed. First, that the business manager be authorized to borrow up to $23,500 from the Citizen’s Bank of Danville prior to January 30, 1952, and second, that the business manager be authorized to borrow up to $21,500 from the Farmer's National Bank of Danville, prior to January 30, 1952. Mr. Logan Caldwell reported that $25,000 from the Weisiger Estate is to be re­ ceived for the endowment of the Art and Music Department some time prior to January 1, 1952, this being the first dispersment from the remainder of the Weisiger Es­ tate in accordance with the terms of the will of Miss Emma T. Weisiger, whereby one-fifth of this remainder is to be received by the college. President Groves reported the meeting of the Property Committee of the Board of Trustees of December 18, 1952, as follows: "Present were Mr. W. P. Caldwell, Mr. Nevin, Mr. Jones, Miss Amelia Yerkes, President Groves, Mr. Arnicar, and Mr. J. J. Steiger. After discussion, it was voted that the three G. I. Barracks, namely numbers 10, 11, and 12, be dismantled, and as much as possible of the lumber and other materials salvaged and stored away for future use. Mr. Steiger was instructed to do this job in the course of this winter during a period when other work is slack. It was voted to install a walk in front of the D.K.E. Fraternity House, the cost to be charged against the fund of the D.K.E. Fraternity now held by the col­ lege. Mr. Nevin was to consult with Mr. Sutcliffe concerning the walk and its in­ stallation. It was recognized that this installation would have to be postponed until warmer weather in the spring. The matter of the possible request of the city for extra footage necessary for the widening of College Street was discussed. It was voted that before any request be approved that the city be first requested to provide a topographical drawing 1 any project for the widening of College Street in order that the Trustees have a proper basis for judgment in making any decision in this matter. ��The Committee considered the proposal for immediate capital needs of the college as presented by President Groves to the fulmetingofheBardofTuste on November 14, 1952. After discussion, the following were approved to be recommended for final action by the Board. 1. $125,000 to build the Art and Music Building as designated in the will of Hiss Emma Weisiger. 2. Renovation of the auditorium on the women’s campus to make it more usable for dramatics and debate. 3. Replacement of heating plants on both comprises, especially the heating plant in Young Science Hall. 4. Grading of athletic fields in accordance with recommendation of landscape engineers. 5. Construction of new driveways on the men’s campus as recommended by landscape engineers.” tee. On motion it was voted to receive and file the report of the Property Commit- President Groves made the following report with regard to the division of the Board of Overseers into classes in accordance with the request of the Board of Overseers reported to the meeting of the Executive Committee on April 18, 1952. It was voted that the Board of Overseers be classed as follows: "Class of 1952-1953: Dr. Branham Baughman, Dr. Mary Ashby Cheek, Mr. Ben Cregor, Mr. Robert S. Davis, Mr. Henry L. Nichols, Mr. James T. Norris, Mr. George Swinebroad, Mrs. Wallace J. Williamson, Mrs. E. G. Bell, Mr. William H. Breeze, Mrs. Frank Brinkerhoff, Mrs. D. C. Brooks, Mr. Robert T. Caldwell, Mrs. John F. Day, Mr. Nicholas F. Dosker, There is a vacancy in this class due to death of Mr. Henly L. Cash, November 27, 1952. Class of 1953-1954: Miss Mary G. Fisher, Dr. Elmer E. Gabbard, Mr. James Green, Mr. E. G. Guttery, Mrs. Scott Harkins, Hr. Paul J. Hughes, Jr., Mrs. W. G. Kagin, Mrs. Virgil Kinnaird, lir. Thomas C. Laswell, Jr., Mr. J. Allen Leathers, Mrs. Pierce Lively, Mr. James S. Mahan, Mr. John T. Metcalfe, Mr. Mark Moseley, The Reverend E. D. Newling. There is a vacancy in this class caused by the death of Mr. W. V. Richardson. Class of 1954-1955: Mr. John Elmo Pace, Mr, Frank D. Peterson, Mr. William F, Russell, Mr. Ted A. Sanford, Mr. Robert Speckman, Mr. William L. Sullivan, Mr. Enos Swain, Mr, Robert S. Tate, Mr. Oran Teater, Hr. Harold Walker, Mr. James Weber, Mrs. Frank Wilson, Mr. Thomas J. Wood, Mr. L. C. J. Yeager. Two vacancies required to complete this class to make 16 members.” It was further voted that the secretary of the Board of Trustees send a communication to the Board of Visitors and to the Board of Directors of the Alumni ��153 Association and the Board of Directors of the Alumnae Association requesting them to nominate members for election to the Board of Overseers for 1955-1956, and also for the vacancies in the classes of 1953-1954 and 1954-1955. It was also voted that the secretary of the Board of Trustees suggest that no nominees for the Board of Overseers be chosen from among present members of the Board of Trustees, the Board of Visitors of the Women's College, and the Directors of the Alumni and Alumnae Associations in accordance with the original action of the Board of Trustees in organizing the Board of Overseers. President Groves reported from Mr. Nevin on costs of the following several’ building projects: 1. completion of Alumni Memorial Building, excluding such items as bleachers, etc. $30 771 9” 2. McMillin Memorial room (exclusive of furnishings) 3. Bathrooms in Craik House TOTAL 5,870.50 2,036.47 $38,678.90 It was noted that this total was within the expenditure of $40,000 for these items authorized by the Board of Trustees at its meeting of May 30, 1952. 4. Completion of Farris Gateway (This amount to be paid from income from the principal of the Farris Fund). The meeting was adjourned. Mr. F. P. Lively Secretary $3,356.50 ���EXECUTIVE COMMITTEE MEETING 154 January 16, 1953 The meeting was called to order by the chairman, Dr. J. R. Cowan. Prayer was offered by Dr. Jesse Herrmann. Present were Messrs. Cowan, Eerrman, Wachs, Logan Caldwell, Lanier, Lively Jones, and President Groves. On motion it was voted to approve the minutes of the meeting of December 19, as printed and circulated. Mr, Arnicar made the report of the business manager for the portion of the fiscal year ending December 31, 1952. Attention was called to the fact that as of December 31, expenditures had exceeded expectations by $2,557.01, and income had exceeded expectations by $2,575.60, so that relatively the operations of the college are in good shape. The business manager expressed the hope that the ex­ cess in expenditures in the women’s dining hall and the men’s cafeteria can be eliminated by the end of the fiscal year. President Groves called attention to the excess of expenditures in the athletic department which are in part due to forseen needs arising in that department and also in part due to the necessity oz additional experience on the part of those responsible for its operation. On motion it was voted to receive and file the report of the business manager. President Groves made the following report on "The Living Endowment Fund". Total Receipts in cash, September 1, 1952 through January 14, 1953 $10,768. pledges due from 1951-1952 550. Pledges due 1952-1953 380. Total cash and pledges to date $11,698- This represents an increase of $4,135 In this fund since the last report was made on November 14, 1952. From the Kentucky Independent College Foundation President Groves reported: Cash received to date since September 1, 1952 6,300. Due on cash and pledges 3,000. Total cash and pledges $9,300. This represents an increase of $2,300 since the last report of November 14, 1952. Received or due on pledges from all Living Endowment to date (this includes both living endowment and Kentucky Independent College Fund). $20,993. Needed to balance budget for 1952-1953, between January 14 and August 31 $19,002- ��1-55 Total needed for year from Living Endowment and Kentucky Independent College Fund $40,000. scholarships September 1, 1952 through December Heeded to meet budget January 14, 1953 to August 31, 1953 1.550. Total receipts for scholarships Included In budget of 1952-1953 6,650. Gifts from Churches, Total budgeted for 1952-1953 $27,934. Received September 1, 1952 through December 31, 1953 Heeded to meet this item of the budget between January 1 1953 and August 31, 1953 10,795.50 17, Summary of above items yet to be raised (or received) to balance budget of 1952-1953 from January 1, 1953 to August 31, 1953: From Living Endowment and Kentucky Independent College fund $19,000 . From scholarship gifts 1,550 From churches (all sources) 17,338.50 37,690.50 Total On the above item of scholarships totalling $4,100, President Groves report ed these gifts as follows: From Mrs, H. A, Hasken (designated) From Mr. J. M. Lobaugh Boyle Lumber Company Citizen’s National Bank American Association of University Women Mr. Logan Caldwell Robert and Bracken Tate (designated) Knights Templar Scholarship John H. Perry (designated) Farmer’s National Bank Total . $275. 375. 250. 250. 100, 250. 550. 50. 1500. 500. $4,100. President Groves reported the following additions to the Endowment Funds of the college since December 19, 1952. A pledge of $25,000 to be paid in the calendar year 1953, ($5,000 of which has already been paid), by Mrs. William Jennings Price to establish a memorial scholarship in the name of Dr. William Jennings Price, graduate of the class of 1892, Christian Statesman, and loyal alumnus of Centre College of Kentucky, who died May 20th, 1952, in Washington, D. C. . ( ' . ���From the estate of Mr. and Mrs. Price Sutton, to be added to the Maude Sut­ ton Memorial Scholarship - $2,601.79. .(This Maude Sutton Memorial Scholarship Fund now totals $4,601.78). The Nell K. and Julia M. Wallace Memorial Fund of $500, established by Miss Sarah Wallace of Hopkinsville, Kentucky, In memory of her sisters, Misses Nell K. and Julia M. Wallace. Letters of thanks have been sent to all of the people who have made these generous gifts, but it was further voted that the Executive Committee send a special resolution of thanks to Mrs. William Jennings Price because of the un­ usually close connection between Dr. Price and Centro College of Kentucky over the years, (see resolution attached) In response to a letter from Mr. William F, Burke, one of the executors of the estate of Mrs. Clyde Burke Mlllspaugh, in which Centre College of Kentucky has a one-half remainder interest in a house In Nashville, Tennessee; it was expected ted that the college assume its proportionate share of the insurance feed on this house in accordance with Mr. Burke’s letter of January 10, 1953. Mr. Cantrell made the report of the Admissions Office, showing to date a tal pre—registration for the coming academic year of 17 men (the same date last year there were 13 men registered) and 29 women (the same date last year there were 13 women), for a total of 46 students pre-registered as against 26 for - the same date for a year ago. Mr. Bob Ensminger reported on the 12th Alumni Alumnae Fund as of January 15 1953 as follows: 12th Fund 11th Fund Total cash gifts 621 593 Total amount, cash $13,240.00 $11,853.50 Total gifts, other than cash (stock) 1 1 Total amount other than cash $2,500.00 $2,500.00 Total pledges 64 64 Total amount, pledges $2,035.00 $1,295.50 ' 686 Total all gifts 659 Total amount, all gifts $16,388.50 * $17,035.50 ♦Despite the fact the figures which have been astericked include two $1,000 gifts not yet received by the 12th Fund, the present drive is trailing the 11th fund by only $650 at the same time interval, and by $lt000 at the same gift point The two gifts are those of J. P. VanWinkle and J. M. VanWinkle, the latter al­ ready having contributed a like amount for college operational expenses this year President Groves reported on present efforst being made by different college groups to amend the Korean G I Bill (P.L. 550) so as to eliminate from the bill those features which discriminate against the Independent colleges. President Groves also reported on the petition for an ROTC Unit that there Is nothing additional to report, and probably will not be until people In Wash­ ington have settled down following the inauguration activities and the installa­ tion of the officers of the incoming executive branch of the government. �I ! J 4 *• •.V . I .• • « : �President Groves reported, the negative action of the appraisal committee of Phi Beta Kappa on the request of the college that it "be considered, at the next triennium for the establishment of a chapter of Phi Beta Kappa at Centre. The explanation of this negative action on the part of the appraisal committee is made in the letter of the Executive Secretary of the Phi Beta Kappa, Mr. Carl Billman, of January 7, 1953. a copy of which is attached to these minutes. At the request of Mr. Van Antwerp, chairman of the Trustee’s Committee on Honorary Degrees, it was voted to record in the minutes the request of the Com­ mittee on honorary Degrees that Trustees who wish to make recommendations to the committee for degrees to be granted at the commencement on June 7, 1953, send their recommendations to Mr. Van Antwerp or to President Groves not later than February 1, 1953. A discussion was hold of a proposal that at the coming meeting of the Full Board in June of 1953, the other boards of the college, that is the Board of Di­ rectors of the Alumni Association, Board of Directors of the Alumnae Association. Board of visitors of the Women’s College, and Board of Overseers, be invited to meet jointly with the full Board of Trustees for a part of their meeting end. specifically for that part when reports of the college can be made which are of interest to all of these boards. It was moved and carried that this invitation. for a joint meeting be extended by the president of the college to all of thesboards. President Groves reported the receipt of a letter from the secretary of the Chamber of Commerce asking Centre College of Kentucky to take out a full member ship in the Chamber. After discussion, it was voted that President Groves take up with the officers of the Chamber the attitude of the Trustees of the college as to why they think it unwise for the college to assume an institutional mem­ bership in the Chamber of Commerce. President Groves reported the gift of trees and shrubs which have been planted on the campus around the Alumni Memorial Building and Breckinridge Hall by the Danvillc Garden Club, and that a letter of thanks to the officers of the Garden Club for this gift has been sent. Adjournment. ��158 Office of the President January 16, 1953 Mrs. William Jennings Price 2101 Connecticut Avenue Washington, D. C. Tear Mrs. Price: The Executive Committee of the Board, of Trustees of Centre Col­ lege of Kentucky has instructed, me to send to you the following resolu­ tion voted on January 16, 1953. The life-long interest of William Jennings Price, alumnus of the class of 1892 of the college and of the class of 1895 of the law school, member of the faculty of the law school from 1904 to 1912, and recipient of the honorary degree of doctor of laws from the college in 1917 in his alma mater has been an inspiration and encouragement to all the friends, faculty, administration and trustees of Centre College of Kentucky for many years. The Board of Trustees is therefore peculiarly cheered by the generous gift of $25,000 for the scholarship endowment by Mrs. William Jennings Price in memory of her husband and loyal friend of the college, and the president of the college is hereby instructed to express to Mrs. Price on behalf of the trustees of the college their sincere appreciation. Acting on the instruction of the Executive Committee of the Board of Trustees unanimously voted in regular session on January 16, 1953. and embodied in their formal resolution taken on that date, I am conveying to you this expression of their deep gratitude to you for your very thought­ ful gift. Very sincerely yours, President of the College for the Board of Trustees ��Budget 1952-53 Allotment at Dec.31,1952 Realized Dec.31,1952 157,746.00 1,414.00 159,160.00 84,646.00 471.33 85,117.33 84,672.50 411.00 85,083.50 ( L 52,715.00 21,957.00 8,325.00 82,997.00 17,571.66 8,064.25 2,775.00 28,410.91 19,267.96 8,201.64 3,670.08 31,139.68 1,696.30 137.39 ___ 895-08 2,728.77 20,934.00 6,978.00 3,714.16 (3,263.84) 18,400.00 12,235.00 4,500.00 50,000.00 44,700.00 3,000.00 17,000.00 17,500.00 167,335.00 Other Non-Educational Income Gifts: Living Endowment 15,000.00 Alumni Fund 16,000.00 Ky. Ind. College F’dation 10,000.00 Churches 5,500.00 9 ,015.00 5,986.50 1,400.00 20,787.99 16,479.75 1,200.00 5,589.35 10,558.36 71,016.95 9,155.00 6,377.32 1,547.75 20,787.99 16,479.75 1,070.26 5.589.35 10,558.36 71,565.7c 140.00 390.82 147.75 .00 .00 ( 129.74) .00 _______.00 548.83 5,000.00 5,333.33 3,333.33 1.833.33 7,403.00 5,000.00 3,375.00 2,662.52 2.403.00 ( 333.33) 41.67 829.19 Student Activities Health Service Athletic Dept. Centre Scholarships & Student Aid Other Income 3,500.00 1,440.00 11,760.00 25,940.00 6,500.00 95,640.00 3,500.00 1,440.00 11,510.00 14,045.00 2,166.66 48,161.65 3,500.00 1,440.00 11.127.55 14,045.00 2,204.25 50x757.32 .00 .00 ( 382.45) .00 . 37,59 2,595.67 526,066.00 239,684.84 242,260.44 2,575.60 Income Student Fees General Fees Other Fees Endowment Unrestricted Real Estate (Unrestricted) Restricted Gifts Church Boards & Churches Auxiliary Enterprises Residence Ralls-K.C.W. Res. Halls-Breckinridge Centreville Dining Hall-X.C.W Cafeteria-CentreCollege Tea Room-T.C.W, Coffee Shop-Centre College Bookstore & Postoffice Totals: Over (Under) 26.50 60.33) _33.83) ��160 Budget 1952-53 Allotment at Expended at Dec. 31, 1952 Dec. 31, 1953 (Over) Under 4,788.75 3,306.66 1,715-00 2,960.00 2,000.00 1,379-32 2,628.33 3,601.66 ____ 33.33 22,413.05 4,621.72 3,180.80 1,941.99 2,863.99 2,540.23 1,353.07 2,714.14 3,018.99 10.00 22,244.93 167.03 125.86 (226.99) 96.01 (540.23) 26.25 ( 85.81) 582.67 23.33 168.12 130,499.44 14,300.00 65,642.00 11,544.10 221,985.54 43,499.81 5,573.33 22,280.66 4.029.70 25.383,50 42,595.31 5,871.89 21,935.31 4,198.13 74,600.64 904.50 ( 298.56) 345.35 ( 168.43) 782.86 Auxiliary Enterprises Residence Halls-K.C.W. 13,720.00 Residence Halls-Wiseman 200.00 Residence Halls-McReynolds 200.00 Residence Ealls-Breckinridge 8,625.00 Centreville 4.000.00 Dining Hall, K C.W. 47,500.00 Cafeteria-Centre College 42,465.00 Tea Room-K.C.W. 3,500.00 Coffee Shop-Centre College 17,000.00 Bookstore & Postoffice 17,000.00 154,210.00 4,853.33 66.66 66.66 3,294.33 1,333.33 19,748.60 15,655.77 1,400.00 5,589.35 10,800.00 62,808.03 4,827.15 91.59 29.30 3,335.09 1,040.19 20,926.66 17,802.51 1,229.06 5,761.78 10,642.43 65,685.76 EXPENDITURES Administration & General President’s Office 14,366.25 Business Office 9,920.00 Treasurer’s Office 5,145.00 Dean & Rsgistrar’s Office 8,880.00 Alumnae Office & Stu. Pro.Wo.6,000.00 Dean of Women’s Office 4,139.96 Admissions & Stu. Pro , Men 7,285.00 General Expense 10,955.00 Board of Trustees 100.00 66,791.21 Instructional Instructional Expense Library Operation & Maintenance Endowment Real Estate 26.18 ( 24.93) 37.36 ( 40.76) 293.14 (1,178.06) — (2,146.74) — 170.94 ( 172.43) . 157.57 (2,877.73) Other Non-Educational Expense Public RelationsOffice 18,310.00 Alumni Office 12,500.00 Student Activities 3,500.00 Health Service 2,010.00 Athletic Dept. Centre College 12,722.00 Scholarships & Grants 44,615.00 Bus Service 1,815.00 Housemothers-Frat Houses 1,350.00 Central Stores Warehouse 1,207.00 98,029.00 6,103.33 4,166.66 700.00 470.00 5,610.83 4,817.41 700.00 454.74 492.50 ( 650.75) .00 15.26 9,629.42 26,093.00 453.75 600.00 412.66 48,628.82 10,122.03 26,093.00 373.37 600.00 487.70 49.259.08 ( 492.61) .00 80.38 .00 Total Budget Expenditures: 541,015.75 209,233-40 211,790.41 Budgeted Deficit, 1952-53 14,949.75 .( 75 .04) ( 630.26) (2,557.01) ��161 Assets Current Funds A. General Fund Cash in Bank Cash on Hand CENTRE COLLEGE OF KENTUCKY BALANCE SHEET STATEMENT OPERATING FUND December 31, 1952 1,765.07 1,185.00 2,950.07 1,550.00 12,871.24 Notes Receivable Accounts Receivable Due from Other Funds: From Farris Fund From Evans-Sumrail Sch. Fund 156.07 8,576.69 Inventories Deferred Expense Prepaid Insurance Suspense Account Total Assets-Current Fund: Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld Borrowed Money 16,992.56 2,736.57 26,358.78 1,250.00 73 ,441.93 4,811.49 12,335.50 4,153.30 172.75 120.38 1,032.52 23,500.00 46,125.94 Due Other Funds: Forward Fund Scholarship Fund Prize Fund 14,708.43 7,658.88 4,250.34 26,617.65 Prepaid Charges: Cafeteria Meal Tickets Board Charges, K. C. W. Coupon Books 4,324.93 4,962.51 ____ 25-33 9,312.77 Reserves: Carnegie Educational Grants Gifts for Designated Purposes Library Research Program Athletic Dept. 6,465.78 4,985.60 151.47 6,871.29 151.45 18,625.59 Agency Funds: Room Damage & Key Deposits Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at: Dec. 31,1952 Total Liabilities-Current Fund: 207.50 100,889.45 57,476.57 30,029.10 27,447.47 73,441.98 ��CENTRE COLLEGE OF KENTUCKY STATEMENT OF INCOME & EXPENSE OPERATING FUND December 31, 1952 Income: Educational & General: Student Fees Tuition & Fees Other Fees 84,672.50 411.00 85,083.50 Endowment Income Unrestricted Real Estate-Unrestricted Unallocated Endowment Earnings 173.50 8,201.64 25,403.04 33,778.18 Gifts Synod of Kentucky, U. S. Churches Individuals 3,150.00 564.16 25.00 3,739.16 122,600.84 Total Education & General Income: Auxiliary Enterprises & Activities Residence Halls-K. C. W. P.esidence Halls-Breckinridge Centreville Dining Hall, K. C. W, Cafeteria, Centre College Tea Room, K. C. W. Coffee Shop, Centre College Bookstore & Postoffice 9,155.00 6,377.32 1,547.75 20,787.99 16,479.75 1,070.26 5,589-35 10.558.36 71,565.78 Other Non-Educational Income Gifts Gifts-Alumni Fund Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Other Income 13,440.52 5,000 00 3,500.00 1,440.00 11,127.55 14,045.00 1,804,25 50.357.32 Total Income: 244,523.94 ��December 31, 1952 Expense Educational & General: Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office & Stu. Pro., Women Dean of Women’s Office Admissions & Stu. Pro., Men General Expense Board of Trustees 4,621.72 3,180.80 1,941.99 2,863.99 2,540.23 1,353.07 2,714.14 3,018.99 10.00 22,244.93 Instructional Instruction Library Operation & Maintenance Endowment Real Estate ^,655.31 5,871.89 21,935.31 4,198.13 76 ,660.64 98,905.57 Total Education A General Expense Auxiliary Enterprises & Activities Residence Halls-K. C. W. Residence Halls- Wiseman Residence HalIs-McReynoIds Residence Halls-Breckinridge Centreville Dining Hall-K. C. W. Cafeteria, Centre College Tea Room, K. C. W. Coffee Shop-Centre College Bookstore & Postoffice 4,827.15 91.59 29.30 3,335.09 1,040.19 21,200.56 18,173.04 1,229 06 5,761.78 10,642.43 66,330.19 Other Non-Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Bus Service Housemothers, Fraternity Houses Central Stores Warehouse Operating Gain at Dec. 31, 1952 5,610.83 4,817.41 700.00 454.74 10,122.03 26,093.00 373.37 600.00 487.70 49,259.08 214,494.84 30,029.10 244,523.94 ��164 * STATEMENT OF PROFIT & LOSS CAFETERIA, CENTRE COLLEGE Month of Dec. 1952 Year to date to Dec.31,52 3,418.67 331.25 .00 .00 .00 _______ .00 3,749.92 13,868.30 1,148.75 .00 .00 464.90 ___ 997.80 16,479.75 Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: 591.65 2,346.12 2,937.77 618,71 2,319.06 248.18 11,836.83 12,085.01 613.71 11,466.30 Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs Records, Supplies, Etc. Exterminator Service Rents Total Expense: Gain or (Loss) 3^5.00 865.00 .00 .00 .00 .00 .00 .00 15.03 17.66 .00 32.17 119.13 18.90 .00 20.00 258.33 4,010.28 (260.36)' 1,380.00 2,916.00 38.40 50.54 39.00 43.45 22.86 3.18 64.06 66.02 107.61 32.17 444.35 46.75 8.50 40.00 1,033.32 17,802,51 (1,322.76) 16,479.75 Income: Students Employees Guests Bancuets & Dinners Conferences Training Table _L2^9.2 ��STATEMENT OF PROFIT & LOSS DINING HALL, WOMAN’S DEPT. Month of Dec., 1952 Income: Students Faculty & Officers Employees Guests Banquets & Dinners Conferences Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold Salaries Wages Extra Help Fuel for Cooking Ice. Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense: Gain or (Loss) Year to date to Dec.31,'52 3,872.20 109.76 769.52 .00 .00 ____ 4,828,2+6 16,766.74 439.04 2,557.58 57.65 .00 966.98 20,787.99 803.71 2,035.94 2,839.65 650.00 2,189.65 376.10 11,746.31 12,122.41 650.00 11,472.41 279.33 1,804.50 16.00 .00 .00 .00 59.02 .00 .00 19.27 .00 . .00 65.87 1.50 8.86 20.00 350.00 ______ .00 4,814.00 14.26 4,828.26 1,117.32 5,832.00 128.00 80.12 24.00 11.80 300.47 7.90 40.32 89.57 47.41 .00 233.77 18.29 35.44 40.00 1,400.00 47.84 20,926.66 (138.67) 20,787.99 ��166 executive committee meeting February 20, 1953 The meeting was called to order by the Chairman, Dr. J. R. Cowan. Prayer was offered by Dr. William A. Benfield, Jr. „ Present were Messers: Sellbach, Nevin, McDowell, Baker, Jones, Cowan, Benfield, and Lively and President Groves and Vice-President Stewart. Mr. Arnicar presented the report of the Business Manager for operations up to and including January 31, 1952. After discussion on motion the report was approved and filed (see attached). Report was made of the receipt of a check of $25,000 from Colonel Albert Andrews Brennan of the class of 1395 of New York City, given to the college to establisn a scholarship endowment fund in memory of his sister, Beulah Bruce Brennan, who died February 24, 1952, the income from this fund to be used for two scholarships to be awarded on the basis of need, character and high scholas­ tic standing. President Groves reported that a letter of appreciation already had been sent to Mr. Brennan for his splendid gift. On motion it was voted that a resolution of gratitude be sent to Mr. Brennan by the Secretary of the Board of Trustees. A report was made on the Living Endowment Fund, showing that up to mid­ February, $47,135.59 have been received and a total of $40,948.41 would have to be received between mid-February and August 31, 1953, in order to balance the books for the present fiscal year, (copy of this report is attached) A report from the Office of the Director of Admissions on enrollment for the second semester of 1952-1953 was presented showing an enrollment of 327, which is slightly better than the 320 anticipated. There were enrolled during the first semester 345 students so that the net loss between semesters is 18 students. A second report from the Office of Admissions was presented showing that to date pre-registration of men students for the fall of 1953 shows a total of 15, and for women students a total of 45, which is an advance of some 10 stu­ dents over the same date a year ago. A report from the Office of the Alumni Secretary on the progress of the 12th Alumni Find was presented. The interesting features of this report are as follows; ■ COMPARISON BET’,BEN 11th & 12th FUNDS AT THE 761st GIFT POINT FUND 111h Fund t 12th Fund LATE RECEIVED AMOUNT April 17th, 1952 February 19th, 1953 * $18,756.00 $17,526.50 1 ��AT THE END OF THE SAME TIKE INTERVAL (96 days) STARTED 11th Fund 12th Fund Dec. 10th, 1951 Nov. 15th, 1952 TIME INTERVAL, DATE March 15, 1952 Feb. 19th, 1953 NO. OF GIFTS 687 761 AMOUNT * 17,474.00 17,526.50 ♦The astericked figures for 11th fund include two $1,000 gifts, which have not been received as yet by the 12th fund, though $200 of one of the two givers has been credited, to the 12th fund. Therefore, discounting the probability of re­ ceiving the two gifts in their entirety, and deleting the two gifts from the 11th fund, one finds that the 12th fund is in a favorable position to exceed the Amount raised by uhe 11th fund. nder the gift point comparison, the 12th fund has the advantage of two months for the rest of the drive, and it gains one month on the previous fund, on the time interval plan of comparison, giving us at least one month’s advantage in bettering the amount raised by the 11th fund. President Groves made a report on his visits to Camp Fort George G, Meade, Maryland, and the Headquarters Offices of the RCTC Branch of the Army in Wash­ ington, D. C., on January 26 and 27. The full report is as follows: ”0n January 26 I visited Fort Meade and had an extensive interview with Colonel Frank Kowalski, Chief of the ROTC branch in the Headquarters Office of the Second Army at Camp Meade. Also present for the entire visit was Colonel H. L. Kelly, Deputy Chief of the ROTC Branch. The RCTC Office at Camp Fort Meade has approved Centre College as qualify­ ing for the establishment of an ROTC Unit. However, both Colonel Kowalski and Colonel Kelly made it quite clear that this was only the initial hurdle and that before the establishment of a unit at Centre, there had to bo the approval of the Office of the Executive for Reserve and ROTC Affairs of the Department of the Army in Washington. accordingly, on January 27, I called on the office of General Hugh Milton, Executive for Reserve and ROTC Affairs in the Department of the Army. General Hilton was busy all day in conference, and so I had a rather extensive interview with his deputy, Colonel Butler. Colonel Butler has been in this office for four years. I had conferred with him on previous visits to Washington. There is no hope for the establishment of an Army ROTC Unit at Centre for 1953 or 1954 as long as the present situation prevails which, according to Co­ lonel Butler, is as follows. Since World War II, of the present 260 or 280 ROTC Units, practically all fere activated immediately following World War I. Since World War II, 62 ad­ ditional units were activated in 1950-1951 and about 25 additional units were activated in 1951-1952. However, in the words of Colonel Butler, the Office ‘or ROTC Affairs got a "kick in the pants" for establishing the 25 new units last year from the Over-all Committee on Manpower Affairs, which now has to approve the establishment of any additional units. �•L'lax --jn "ic - ir h no‘ eM >i at . ': �168 Before any new units can be established, provision must be made in the U.S. budget. Not only is there no provision in the budget for the fiscal year 1954 but the actual budget provides for only 60,000 new recruits in the ROTC program, whereas they are expected to enroll 66,000 and in the fall of 1952, 70,000 were enrolled. Thus, although the Office on Manpower expects 66,000 to be enrolled, they also expect the locate uniforms, equipment, etc., for the ROTC Office to additional 6,000 from used equipment. This has not been done in the past. More66,000, they have also insisted with the office of ROTC Affairs that at least 33 and a third percent of those starting the training program ultimately be graduated as 2nd Lieutenants. Colonel Butler ,old me that while the percentage has been improving from year to year and the rear 1952 was the best record to date, still it is very far from this figure of 53 and one third percent. The point is that even if the budget for 1954 were provided for expansion ,n the ROTC department, the over-all Committee on Manpower is not going to per­ lit the establishment of additional units. General Hershey in particular be— ieves that the Army can get all of the Second Lieutenants that it needs from he ranges of enlisted men or draftees. He likewise is concerned with the in— reasing problem of maintaining the Armed Forces of 3,600,000 on the basis of resent draft quotas. Consequently, the Committee on Manpower is not going to How any kind of an expansion of any type of deferment - whether for ROTC or n a ything else. The Office for ROTC Affairs takes the point of view that while second l eutenants can be obtained from the ranks, that reservoir does not supply sufi iciently qualified men for higher ranks in the army and which the army reuires. That reservoir, they believe, is supplied only through the ROTC El­ ision which in turn has for its source of supply men who are college graduates. However, the situation as outlined by Colonel Butler adds up to the fact hat there is a very slim likelihood that Centre College will receive an RCTC t n u it, neither in 1953 nor in 1954, and at no future date unless there is a very acided change in the situation and in the thinking of the Committee in conrol of Manpower Affairs.” A confidential report on the enrollment and the budget at Centre College as read, (copy of this report is attached) After some discussion, it was voted that the plan incorporated in this report be adopted on an experimental basis subject to review after one year. An invitation from Mr. Roy Ellis, Assistant Professor of the Department ’ Physics on behalf of the Centre College Naval Electronics Unit of which he i the Commanding Officer, to attend the exhibit of Naval paintings known as Operation Pallette” for Tuesday evening, February 24, was read and all the imbers of the Board were urged to visit this exhibition either on the opening ght of February 24 or sometime during the week between February 25 and March ni The exhibit is to be housed in the Boyle Humphreys Gymnasium. Adjournment ��EXECUTIVE COMMITTEE MEETING March 20, 1953 The meeting was called to order by the Chairman, Dr. J. R. Cowan. Prayer was offered by Dr. Jesse Herrmann. Present were; Messrs: Cowan, Herrmann, L. Caldwell, Lively and W. P. Cald­ well and President Groves. Mr. Arnicar made the report of the business manager. to receive and file the report (see attached). On motion it was voted Report was made of the receipt of $3,973.95 from the executors of the Weisiger estate for income and the college’s share from the Weisiger Estate for 1952. It was moved and carried that this $3,973.95 be applied to the operation of the’ art and music departments of Centre College as permitted by the construction of the will by the Boyle Circuit Court. A letter of March four from Mr. William F. Burke concerning insurance on the Clyde Burke Millspaugh home in Nashville, Tennessee was read, pointing out a mis— understanding due to misinformation from the insurance agent. It was moved and carried that in accordance with this correct information contained in Mr. Burke’s letter of March four, Centre College of Kentucky carry $7,750 of insurance at $51,46 for the first year, and $40,14 for each of the succeeding four years, or a total premium of $212.10 for the five years on condition that each of the six nephews and nieces sharing in the other one-half of the Millspaugh Estate shall carry $1,291.66 Insurance with a premium of $8.58 for the first year and $6.69 for each of the succeeding four years, or a total premium of $35.34 each. A letter of February 20 from Mr. James C. McReynolds, son of the late Dr. R. P. McReynolds and nephew of the late Associate Justice of the Supreme Court James Clark McReynolds, was reported in which he inquired as to whether or no Centre College of Kentucky would be interested in the ancestral McReynolds birthplace at Elkton, Kentucky. President Groves reported that he was visiting Elkton on Satur­ day, March 21, to investigate this matter further. No action was taken. Letters of January 19, 1953 and March 16, 1953 from Mr. George R. Smith of Lexington, Kentucky were read, offering to purchase the Fayette County Farm owned by the college at $250 an acre, Mr. Fred Wachs had investigated this matter and reported on it by telephone. After consideration it was voted to inform Mr, Smith that the college is not interested at the present time in the sale of the farm in Fayette County. President Groves reported a memorandum from the Committee on Student Relations of the Board of Overseers of Centre College concerning certain recommendations for changes and improvements made by the members of the men’s student council and the women’s student council of the college. Each of these recommendations was consid­ ered, and the following actions were taken. 1. With regard to convocations, it was voted that this matter be referred to the joint faculty-student Committee on Chapels, with the suggestion that, if necessary, the number of outside speakers be diminished and changes in line with the request of the students be instituted. ��-2- 2. Concerning the college bus. It was voted that Mr. Arnicar and President Groves be authorized to purchase an additional bus for the college on the best terms possible. regard to a women’s restroom In the main building. It was voted that the Trustees Committee on Buildings and Grounds be authorized to go ahead with the installation of this restroom, and that the women's Alumnae Association be re­ quested to Include the cost of this Item in the next annual fund campaign. 4. W ith regard to the fire-alarm system. It was reported that Mr. Steiger is already in touch with an electrician to have him make the necessary changes in this system. 5. The matter of the home economics department was referred to the Faculty Committee on Curriculum. 6. The natter regarding athletic awards was referred to the faculty-student Committee on Athletics. , ■« 7. The matter concerning the college camp on Herrington Lake was noted and it was pointed out that the college camp is not closed and is now in use by stu­ dent groups. 8. The matter regarding heating systems in Breckinridge Hall and the women” dormitories was reported to the Trustees Committee on Buildings and Grounds for study and recommendations for action. 9. The President was instructed to write a letter to the Student Councils explaining the reasons for fees now charged by the college. 10. The recommendation concerning a special edition of the student newspaper was referred to the student editors of the Cento. It was further voted that the Executive Committee of the Trustees instruct the secretary to write to the chairman of both the men’s and women’s student councils expressing appreciation of the trustees for the very thoughtful and intelligent recommendations made by the members of the councils at their meeting with the re­ presentatives of the Committee on Student Relations of the Board of Overseers on • February 27, 1953. A brief report was made concerning the academic standing of students now on emergency Honor Scholarships, seven in number, showing that their average grades are (2.0). A report was received from the Admissions Office showing that to date 28 men and 59 women, for a total of 87 new students, have registered for the fall of ’53, as compared with 63 new students a year ago. Fifteen of these 87 students are Emergency Honor Scholarship students. •Illi A recommendation from Mr. Steiger, Superintendent of Buildings and Grounds, concerning the installation of shrubbery around the Farris Gateway was received, and it was voted that he be authorized to go ahead with this planting under the direction of the Trustee’s Committee on Buildings and Grounds. III ��A report was received from the Alumni Secretary showing that to date 858 contributors have contributed $19,295.50ascompredwithlf850conbutors for the total of $19,947. at the same point in the Alumni Fund Campaign year ago. It was further pointed out, however, that the campaign this year, having been begun some six weeks earlier, is therefore in a decidedly advantageous position over the campaign of a year ago in that the figures indicated in the above are based on the number of days that the campaign has been in progress, rather than comparative dates. In other words, the totals received this year were reached as of March l9 whereas a year ago the same totals were reached on April 22 There was some discussion concerning the investment portfolio of the college. No action was taken. In response to an inquiry from a member of the faculty concerning the underwriting of a "G-.I. Loan - by the college, it was pointed out that the college is not licensed in accordance with rhe proper form to underwrite such loans, and also that such a procedure is contrary to trustee policy. ��Budget 1952-53 Quota Feb.28,53 Realized Feb.28,53 157,746.00 1,414.00 159,160.00 157,746.00 707.00 158,453.00 157,907.50 640.00 158,547.50 52.715.00 21,957.00 8,325.00 82,997.00 26,357.50 16,478.50 4,162.50 46,998.50 26,584.37 15,756.30 4,207.83 46.548.50 20,934.00 10,467.00 13,157.14 18,400.00 12,235.00 4,500.00 50,000.00 44,700.00 3,000.00 17,000.00 17,500.00 167,335.00 17,925.00 11,955.00 2,250.00 31,863.46 25,420.85 1,636.32 8,500.00 14,191.49 113,742.12 17,345.00 10,905.98 2,204.75 31,863.46 25,420.85 1,481.60 8,516.47 14,191.49 111,929.60 (580.00) (1,049.02) (45.25) .00 .00 (154.72) 16.47 .00 (1,812.52) 15,000.00 16,000.00 10,000.00 5,500.00 3,500.00 1,440,00 11,760.00 25,940.00 6,500.00 95,640.00 7,500.00 8,000.00 5,000.00 2,750.00 3,500.00 1,440.00 11,760.00 25,940.00 2,635.00 68,525.00 14,807.85 5,000.00 6,300.00 5,082.70 3,500.00 1,440.00 12,048.55 24,645.00 2,647.81 75,471.91 7,307.85 (3,000.00) 1,300.00 2,332.70 .00 .00 288.55 (1,295.00) 12.81 6,946.91 526,066.00 398,185.62 405,654.65 7,469.03 INCOME Student Fees Other Fees Endowment Unrestricted Real Estate (Unrestricted) Restricted Gifts Church Boards and Churches Auxiliary Enterprises Residence HalIs-K. C. W. Residence Halls-Breckinridge Centreville Dining Halls, K, C. W. Cafeteria, Centre College Tea Room, K. C. W. Coffee Shop—Centre College Bookstore & Postoffice Other Non-Educational Income Gifts-Living Endowment Gifts-Alumni Fund Gifts-Xy. Ind. College F’dation Gifts-Churches Student Activities Health Service Athletic Dept., Centre College Scholarships & Student Aid Other Income Totals: Over (Under) 161.50 (67.00) 94.50 226.87 (722.20) 45 33__________ (450 00) 2,690.14 ��EXPENDITURES Administration & General President's Office Business Office Treasurer's Office Dean & Registrar's Office Alumnae Office & Stu. Pro Women Dear of Women's Office Admissions & Stu. Pro. Men General Expense Beard of Trustees Budget 1952-53 Quota Feb.28,53 Expended at Feb.28,53 (Over) Under 14, 366.25 9,920.00 5,145.00 8,880.00 6,000.00 4,139.96 7,285.00 10,955.00 100.00 66,791.21 7,183.13 4,960.00 2,622.50 4,440.00 3,000.00 2,069.98 3,642.50 5,477.50 50.00 33,445.61 7,552.18 4,713.86 2,735.83 4,159.09 3,186.79 1,993.24 3,712.07 5,194.50 10.00 33,257.56 (369.05) 246.14 (113.33) 280.91 (186.79) 76.74 (69.57) 283.00 40.00 188.05 130,499.44 14,300.00 65,642.00 11,544.10 221,985.54 66,719.72 8,700.00 34,l41.00 6,689.50 116,250.22 65,410.19 8,893.44 33,235.04 6,4477.99 113,986.66 1,309.53 (193.44) 905.96 241.51 2,263.56 13,720.00 200.00 200.00 8,625.00 **,000.00 **7,500.00 **2, ** 65.00 3,500.00 17,000.00 17,000.00 154,.210.00 7,483 .42 100.00 100.00 5,175.00 2 ,000.00 30,270.29 22,878.77 1,909.08 8,583.61 14.759.24 93,259.41 7,291.80 91.59 29.30 5,333.32 1,969.27 32,048.26 26,663.88 1,744. 75 8,867.14 l4,759.24 98,798.55 191.62 8.41 70.70 (158.32) 30.73 (1,777.97) (3,785.11) 164. 33 (283.53) ______ .00 5, 539.14.) 18,310.00 12,500.00 3,500,00 2,010.00 12,722.00 44,615.00 1,815.00 1,350.00 1,207.00 98,029.00 9,155.00 6,250.00 1,250.00 1,005.00 11,150.00 44,615.00 907.50 796.44 618.48 75,747.42 8,576.21 6,947.47 1,250.00 993.89 12 ,416.61 47,094. 50 615.59 796.44 653.O8 79,343.79 578.79 (697.47) .00 11.11 (1,266.61) (2,479.50) 291.91 .00 , (34. 60) 3, 596.37. Total Budget Expenditures: 541,015.75 318,702.66 325,386.56 budgeted Deficit, 1952-53 14,949.75 Instructional: Instructional Expense LibraryOperation & Maintenance Endowment Real Estate Auxiliary Enterprises Residence Halls-K. C. W. Residence HalIs-Wiseman Residence Halls-McReynclds Residence Halls-Breckinridge Centreville Dining Hall, K. C. W. Cafeteria-Centre College Tea Room, K. C. W. Coffee Shop, Centre College Bookstore & Postoffice Other Non-Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Bus Service Housemothers-Frat Houses Central Stores Warehouse (6,683.90) ��ASSETS; Current Funds A General Fund Cash in Bank Petty Cash on Hand CENTRE COLLEGE OF KENTUCKY Balance Sheet Statement Operatirg Fund. Feb. 29, 1952 48,932.04 1,285.00 Notes Receivable Accounts Receivable 50,217.04 1,250.00 29,427.96 Due from Other Funds From Alumni Fund Evans-Sumrall Scholarship Fund 607.29 12,030.14 Inventories Deferred Expense Prepaid Insurance Total Assets, Current Fund LIABILITIES Current Funds A General Fund Accounts payable Accrued Salaries & Wages Accrued Withholding Tax Premiums, Hospitalization Ins. Social Security Tax Withheld 19,541.45 3,286.57 27.347.75 143,708.20 8,261.77 11,646.79 1,695.80 158.05 288.89 22,051.30 Due Other Funds Endowment Fund Scholarship Fund Prize Fund Farris Fund 190,967.99 7,411.38 3,831.99 2,115. 97 2O4.327.33 226,378.63 Prepaid Charges Meal Tickets—Cafeteria Board Charges—KCW Coupon Books 13,792.66 14,807.07 36.08 28,635.81 Reserves Carnegie Educational Grants Gifts for Designated Purposes - Library Research Program Athletic Dept. 6,476.67 35,027.64 229.55 4,943.00 158.25 46,835.11 Agency Funds Room Damage Deposit & Key Deposits Total Liabilities, Current Fund Surplus & Deficit Account: 263,483.31 Accumulated Operating Deficit 104,761.96 Operating Gain at Feb. 29, 1952 580.00 302,429.55 158,721.35 143,708.20 ��CENTRE COLLEGE OF KENTUCKY Statement of Income & Expense Operating Fund INCOME Educational & General Student Fees Tuition & Fees Other Fees Endowment Investments Unrestricted Real Estate Restricted Unallocated Earnings Feb. 29, 1952 172,569.78 1,093.31 173,663.09 .00 19,275.27 210.00 40,593.77 60,079.04 Gifts Church Boards & Churches Individuals 21,972.08 -2.385.00 24,357.08 258,099.21 Totrl Education & General Income Auxiliary Enterprises & Activities Residence Halls, KCW Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, KCW Cafeteria, Centre College Tea Room, KCW Coffee Shop, Centre College Boo store & Postoffice 17,359.85 113.50 2,175.00 12,310.98 3,641.90 28,955.24 29,564.44 1,225.96 10,847.99 15,427.69 121,622.55 Other Non-Educrtional Income Student Activities Health Service Athletic Dept., Centre College Scholarships Other Revenues Total Income 3,500.00 1,440.00 9,739.18 21,964.75 4,189.48 40,833.41 420.555.17 ��Feb. 29. 1952 EXPENSE Educational & General Administrative & General President’s Office Vice President’s Office Business Office Treasurer’s Office Denn Registrar’s Office Al umae Office & Promotion, Women Dear of Women’s Office Student Promotion—Men Alumni Office General Expense Board of Trustees Instructional Expense Library Go ration & Maintenance 7 ,555.55 8,147.70 5,009.58 2,437.32 4,632.54 2,853.81 1,354.03 3,520.32 6,559.15 5,126.43 L.00 47,196.43 69,163.01 8,830.14 3.6,025,53 114,018.68 161,215.11 Total Educational & General Expense Auxiliary Enterprises & Activities Residence Halls, KCW Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, KCW Cafeteria, Centre Tea Room, KCW Coffee Shop, Centre Bookstore & Postoffice 7,355.91 639.09 1,527.95 4,897.47 2,502.31 28,488.76 26,637.27 1,666.35 10,875.50 12 ,251.80 96,842.41 Other Non-Educational Expense Expense, Endowment Reel Estate Student Activities Health Service Athletic Dept,, Centre College Scholarships & Aid Bus Service House Mothers Central Stores Warehouse Total Expense Operating Gain at Fob. 29, 1952 6,985.45 2,450.46 969.88 7,500.60 37,723.25 705.21 675.00 725.84 57.735.69 315.793.21 104,761.96 420,555.17 ��Statement of Profit & Loss Dining Hall, Woman’s Dept. Month of Feb.1952 Revenues: Students Faculty & Officers Employees Guests Banquets & Dinners Conferences Expense: Inventory, Beginning Purchases Total Less: Inventory, Ending Cost of Food Sold: Salaries images Ext ra Help Fuel for Cooking Lee Refrigeration Linens, Silverware, China. Kitchen Expense janitor’s Supplies Laundry Electricity Water Fuel for Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense Gain or (Loss) 4,967.93 87.36 211.20 .00 106.25 _______.00 5,372.74 Year to date to Feb. 29, 1952 26,211.43 524.16 1,267.20 191.80 106.25 __ 654.40 28,955.24 542.25 293.76 3,429.57__________ 17.330.10 3,971.82 17,623.86 572.36_____________ 572.36 3,399.46 17,051.50 273.33 976.75 .00 ,00 7.50 42.50 .00 .00 20.16 29.80 .00 .00 85.35 2.05 .00 20.00 350.00 .00 5,206.90 165.84 5.372.74 1,639.98 5,921.91 21.00 124.16 37.50 101.18 84.72 78.78 104.31 145.30 52.41 58.50 509.37 67.31 38.87 60.00 2,100.00 13.36 28,210.16 745.08 28,955.24 I ��Statement of Profit & Loss Cafeteria, Centre College Month of Feb. 1952 Revenues: Students Faculty & Officers Employees Guests Banouets & Dinners Conferences Year to date to Feb. 29, 1952 5,567.24 27,540.46 123.60 247.60 80.00 480.00 .00 .00 180,00 326.50 ________ .00 ________ 469.88 5.950.84______ 29.564.44 Expense: Inventory, Beginning Purchases Total Bess: Inventory, Ending Cost of Food Sold: 486.20 - 3,579.12 4,065.32 655.28 3,410.04 Salaries ges Wa x E tra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Zitchen Expense Janitor’s Supplies Laundry Electricity Water Fuel for Heating Repairs Records, Supplies, Etc. Exterminator Service Rents Uniforms Total Expense: Grin or (Loss) 295.00 1,770.00 3,002.00 473.00 .00 78.25 .00 60.53 15.00 45.00 .00 85.59 155.86 2.90 .00 21.86 62.36 16.03 33.57 140.35 .00 227.42 26.50 26.50 .00 503.33 6.90 17.85 30.00 36.50 60.00 20.00 1,549.98 258.33 ________ .00 18.30 4,587.27 26,247.33 1,363.57____________ 3.317.11 5,950.84 29,564.44 274.20 18,766.73 19,040.03 655.28 18,385.65 ��179 EXECUTIVE COMMITTEE MEETING April 17, 1953 In the absence of the Chairman, Mr. Logan Caldwell was appointed acting­ chairman. Prayer was offered by President Groves. Present were; Messrs. Logan Caldwell, W. P. Caldwell, Jones, Van Winkle. Lanier, Lively and President Groves. On motion it was voted to send a note of sympathy to the Chairman, Dr. Cowan, with the expression of hope for his speedy recovery from his present ill­ ness. The minutes of the executive committee meeting of March 20 were approved as circulated. President Groves reported for Mr. Ensminger concerning the progress of the 12th Alumni Fund, showing that 1011 gifts have been received to date for a total of $21,020. This compares with 911 gifts at the same point in the 11th campaign for a total of $20,506. The Alumni Secretary points out that with two and a half months remaining for the 12th Fund, there is every indication that the Fund this year, both in number of gifts and in total of gifts, will surpass by a con­ siderable margin the campaign of a year ago. President Groves presented the report of the Admissions Office, showing that pre-registration of men students is up ten percent over the same date a year ago., and pre-registration of women students up thirty percent. There are 36 men stu­ dents and 61 women students for a total of 97 pre-registered for the fall of 1953. The Business Manager, Mr. Arnicar, made the report of the operations of the College through March 31, 1953- (See copies attached), On motion it was voted to receive and file these reports. It was moved and carried that the Business Manager be authoriced to borrow up to $23,509 from the Citizens National Bank of Danville between April 17 and August 31. It was moved and carried that the Business Manager be authorized to borrow up to $40,000 from the Farmers National Bank of Danville between April 17 and August 31. (These resolutions were voted at this time as a matter of convenience in order to avoid calling special meetings in May, June and August. The money will be borrowed only when and if actually needed) In order to correct some of the inequities pertaining to the independent (non-tax-supported) college in the registration of Korean veterans, it was voted that the college offer a scholarship of $250 per year to each returning veteran qualified for college, who is eligible forG. I. allotments for education under Public Law 550. ��On recommendation of the President, Mrs. Sabra Barbour of Stanford, Kentucky was engaged as head librarian to replace Mrs. Dorothy Thomas Cullen, resigned, beginning September 1, 1753. at a salary of 33^00 a year. (See attached biography cal material). On recommendation of the President, Mrs. Mayo Warren of Danville, Kentucky was engaged as cataloger for the library to replace Mrs. Margaret Cook Davis, resigned, Mrs. Warren's salary to begin September 1, 1953 at $2400 a year. (See biographical material attached). On recommendation of the President, Mr. William Merrill was engaged as Associate Professor and Acting-head of the Department of Economics and Business Administration at a salary of $4400 a year to begin September 1, 1953. (See biographical material attached). The business Manager reported on efforts to purchase a bus from the Victory Bus Line. The concensus was that Mr. Arnicar, the Business Manager, should con­ tinue negotiations in order to purchase a bus at the most advantageous price. A report was heard from the Honorary Degree Committee, showing that 21 of the 24 trustees have voted unanimously for the recommendations of the Committee for Honorary Degrees as follows: 1. For the Honorary Degree of Doctor of Humane Letters, Mr. Lemuel R. Boulware, Vice President of the General Electric Company, who is to deliver the commencement address. 2. For the Honorary Degree of Doctor of Humane Letters, Mr. Charles W. Allen, Sr. of Louisville, Kentucky, businessman and philanthro­ pist. 3. For the Honorary Degree of Doctor of Letters, Robert G. McMurtry, alumnus of Centre College of the class of 1929, and member of the faculty at Lincoln Memorial University at Harrogate, Tennessee. 4. For the Honorary Degree of Doctor of Divinity, the Reverend Dewey Kimbel, alumnus of Centre College of the class of 1923, and pastor of the First Presbyterian Church, Bossier City, Louisiana. President Groves reported on his trip to Florida, principally on his visits with Mr, Charles Horn, Trustee of the Clin Foundation, and Mrs. Lon Rogers, Trustee of the Rogers Educational Trust, Mr. Horn has indicated a very definite interest in Centre College, though does not encourage our petition for completion of the Art and Music Building to the Clin Foundation. Mrs. Rogers expressed her approval of making scholarship grants in cases of need from the Rogers Educa­ tional Fund in addition to loans. President Groves raised the question of the insurance policy of the college, and, after discussion, it was decided not to make any changes at the present time. President Groves reported on plans for the celebration of the Centennial of the Louisville Presbyterian Seminary in Danville, Kentucky, September 9, 1953 The approval of the presentation of a medallion from the President of the College to the President of the Seminary on that occasion was given. All trustees are urged to reserve this date for participation in this celebration. ��Copies of the "by-laws with suggested revisions from the Committee on this matter to be approved by the Full Board on June 6, 1953, were circulated for study by members of the Executive Committee. It was voted to request members of the Board who have any further suggestions for revision to send in their recommendations to Mr. Van Antwerp, Chairman of the committee as soon as possible. Adjournment, ��182 Mr. Willim Merrill a Mr. William Merrill, Associate Professor of Economics and. Busi­ ness Administration. er. Merrill was born December 18, 1897. He received his A.B. degree from Harvard University in 1920. He has studied at Stanford University 1946-1947, and at the University of Illinois since 1950. In June of 195O, he received the Master of Arts degree in Economics from the University of Illinois. He expects to fulfill all the requirements for the Doctor of Philosophy degree this year at Illinois. Prom 1920 through 1941, Mr. Merrill was connected With the New England Coal and Coke Company of Boston, Massachusetts, and later after that company combined with the Castner, Curran and Bullitt Com­ pany of New York City to form the Eastern Gas and Fuel Associates, he was with the newly organized concern. Since taking up teaching in 1941, he has taught and been assistant professor of economics at Mississippi State College. ��Mrs. Sabra Barbour - Librarian Mrs. Sabra Barbour is a resident of Stanford, Kentucky. Several members of her family, including brothers and sisters, are graduates of Centre College. Mrs. Barbour is a graduate of Randolph-Macon College for Women in Lynchburg, Virginia. She will complete her work for the Masters degree in Library Science at the University of Ken­ urn tucky this summer. She has been invited to become head librarian to replace Mrs. Porothy Cullen who is resigning to assume the post of head librarian of the Filson Club in Louisville. ��Mrs. Mayo Warren - Cataloger Mrs. Mayo Warren was born in Richmond, Kentucky April 21, 1910. She graduated from Eastern State College August 17, 1932 with the A.B. degree with distinction. She has since studied at George Peabody College for Teachers in Nashville, and is currently again enrolled for the spring and summer quarters at the end of which she will complete the degree of bachelor of library science. ��185 CENTRE COLLEGE OF KENTUCKY BALANCE SHEET STATEMENT OPERATING FUND Assets Current Funds A. General Fund Cash in Bank Cash on Hand March 31, 1953 11,228.44 1,285.00 12,513.44 1,55O.O0 17,462.19 Notes Receivable Accounts Receivable Due from Other Funds: From Farris Fund From Evans-Sumrall Sch. Fund From Forward Fund Inventories Deferred Expense Prepaid Insurance Suspense Account Total Assets-Current Fund: Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld 2,612.71 15,724.19 1,045.77 19,382.67 17,078.14 2,736.57 25,476.68 1,342.50 97.542.19 16,626.31 12,363.15 3,798.40 118.50 106.38 586.76 33,599.50 Due Other Funds: Scholarship Fund Prize Fund 6,423.88 4,250.34 10,674.22 Prepaid Charges: Cafeteria Meal Tickets Board Charges, K. C. W. Coupon Books 7,698.76 9,009.72 25.33 16,733.81 Reserves: Carnegie Educational Grants Gifts for Designated Purposes Library Research Program Athletic Dept. 6,465.78 5,090.60 151.47 8,026.23 213.20 19,947.28 Agency Funds; Room Damage & Key Deposits Surplus & Deficit Account: Accumulated Operating Deficit: Operating Gain at March 31,'53 Total Liabilities-Current Fund: 207.50 81,162.31 57,476.57 73 ,856.45 16,379.88 9.7.5.42_. 12 ��186 CENTRE COLLEGE OF KENTUCKY STATEMENT OF INCOME & EXPENSE OPERATING FUND Income Educational & General: Student Fees Tuition and Fees Other Fees Endowment Income Real Estate-Unrestricted Restricted Unallocated Endowment Earnings Gifts Synod of Ey., U. S. Rd. of Christian Edu. U.S.A. March 31, 1953 158,015.16 796.00 158,811.16 16,620.39 4.034.95 9-9,643,85 70,299.19 7,200.00 5.957.14 11.157-14 242,267.49 Total Education & General Income: Auxiliary Enterprises & Activities Residence Halls-K. C. W. Residence Halls-Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre College Tea Room, K. C. W. Coffee Shop, Centre College Bookstore & Postoffice 17,355.00 11,107.81 2,641.75 37,875.18 30,450.76 1,798.01 10,535.62 15,141.79 126,905.92 Other Non — Educational Income Gifts Gifts-Alumni Fund Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Other Income 27,898.88 5,000.00 3,500.00 1,440.00 12,048.55 26,075.50 3,817.25 79,780.18 Total Income: 448,953.59 ��187 Expense: Educational & General: Administration & General President’s Office Business Office Treasurer’s Office Dean and Registrar’s Office Alumnae Office & Stu. Pro., Women Dean of Women’s Office Admissions & Stu. Pro., Men General Expense Board of Trustees Instructional Instruction L:brary Operation & Maintenance Endowent Real Estate March 31, 1953 8,843.11 5,499.40 3,107.74 4,859.15 3,787.27 2,391.80 4,355.33 5,36.22 10.00 38,490.02 79,269.81 9,948.91 40,230.09 7,390.13 136,838.94 175,328.96 Total Education & General Expense: Auxiliary Enterprises & Activities Residence Halls-K. C. W. Residence Halls-Wiseraan Residence Halls-McReynolds Residence Halls-Breckinridge Centreville Dining Hall, K. C. W. Cafeteria-Centre College Tea Room, K. C. W. Coffee Shop-Centre College Bookstore & Postoffice 8,778.69 91.59 44.19 6,166.59 2,282.57 38,051.84 31,989.75 2,081.60 10,609.23 15,396.84 115,492.89 Other Non — Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Bus Service Housemothers, Fraternity Houses Central Stores Warehouse 9,960.26 8,141.96 1,361.15 1,094.74 13,118.05 48,250.00 720.17 880.38 748.58 84,275.29 375,097.14 Operating Gain at March 31, 1953 23-185.6.45 448,953.59 ��188 STATEMENT OF PROFIT & LOSS DINING HALL, WOMAN'S DEPT. Month of March,1953 Erpense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense: Gain or (Loss) 5,199.04 109.76 642.92 60.00 6,011.72 Income: Students Faculty & Officers Employees Guests Conferences Year to date to March 31,1953 31,390.39 768.32 4,461.84 287.65 966.98 37,875.18 745.63 3,226.92 3,972.55 - 752.38 3,220.17 376.10 21,449.90 21,826.00 752.38 21,073.62 279.33 1 ,466.80 9.25 40.78 9.00 58.15 7.46 1,955.31 10,260.90 137.25 176.90 51.00 101.85 347.68 10.39 89.64 167.01 166.01 465.95 45.44 62.79 60.00 2,450.00 53.82 37,675.56 199.62 37,875.18 19.36 59.34 98,52 9.14 350.00 5,627.30 384.42 6.011.72 ��STATEMENT OF PROFIT & LOSS CAFETERIA, CENTRE COLLEGE Month of March,1953 Income: Students Employees Banquets & Dinners Conferences Training Table 4,740.66 289.25 Year to date to March 31,1953 _5.029.91 Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wage s Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs Records, Supplies, Etc. Exterminator Service Rents Total Expense Gain or (Loss) 26,939.31 2,016.50 32.25 464.90 997.80 30.450.76 761.27 3,161.62 3,922.89 691.48 3,231.41 248.18 20,798.60 21,046.78 691.48 20,355.30 345.00 692.00 49.05 9.00 17.93 27.66 116.44 87.56 48.19 ___ 258.33 4,882,57 147.34 5,029.91 2,415.00 4,992.00 38.40 183.04 75.00 88.11 29.62 5.67 124.03 133.79 332.75 164.56 611.19 91.05 38.63 60.00 1,808.31 31,546.45 (1.095.69) 30.^50.76 ��190 Budget Income (Excluding Gifts) Student Fees Endowment Gifts-Church Boards Auxiliary Enterprises Other Hon-Educational Income Gifts needed to balance Budget Expenditures Administration & General Instructional Auxiliary Enterprises Other non-educational Expense Quota at Mar .31,'53 Gifts Received: Living Endowment Alumni Fund Ky. Ind. College F’dation Churches Total Gifts Received Over (Under) 159,160.00 82,997.00 20,934.00 167,335.00 158,571.16 52,655.93 12,211.50 128,514.77 158,811.16 53.U37.25 13,157.14 126,905.92 49,140,00 479,566.00 46,431.66 396,585.02 46.881.30 399,192.77 66,791.21 221,985.54 154,210.00 38,953.09 134.759.53 111,262.62 38,490.02 133.083.94 115,492.89 463.07 1,675.59 (4,230.27) 98,029.00 5U1.O15.75 79.467.17 364,442.41 84.275.29 371,342.14 (4,808.12) (6.899.73) 240.00 581.32 945.64 (1,608.85) 449.64 607.75 61.449.75 541,015.75 Budget Deficit at March 31, 1953 Gifts Necessary to Balance Budget: Actual at Mar.31,'53 6,291.98 • 61,449.75 16,357.85 5,000.00 6,300.00 5,216.03 32,873.88 28,575.87 ��1 191 Budget 1952-53 Quota Mar.31,'53 Realized Mar.31,'53 Over (Under) Income Student Fees General Fees Other Fees 157,746.00 414.00 1, 159,160,00 157,746.00 825.16 158,571.16 158,015.16 796.00 158,811.16 269.16 (29.16) 240.00 52,715-00 21,957.00 8,325.00 82,997.00 30,749.81 17,249.87 4,856.25 52,855.93 31,557.31 16,620.39 5,259.55 53,437.25 807.50 (629.48) 403.30 581.32 20,934.00 12,211.50 13,157.14 945.64 18,400.00 12,235-00 4,500.00 50,000.00 44,700.00 3,000.00 17,000.00 17,500-00 167.335.00 18,000.00 12 ,062.81 2,625.00 37,875.18 30,450.76 1,750.00 10,609.23 15,141.79 128,514.77 17,355.00 11,107.81 2,641.75 37,875.18 30,450.76 1,798.01 10,535.62 15.141,79 126,905.92 ther Non-Educat ion Income G ifts-Living Endowment 15,000.00 G ifts-Alumni Fund 16,000.00 ifts-Ky. Ind. College F’dationlO,000.00 G ifts-Churches G 5,500.00 tudent Activities S 3,500.00 e Halth Service 1,440.00 thletic Dert, Centre College 11, A 760.00 c Sholarships & Student Aid 25,940.00 ther Income 6,5 00. 00 95,640.00 (645.00) (955.00) 16.75 .00 .00 48.01 (73.61) ______ .00 (1,608.85) 8,750.00 9,333.33 5,833.33 3,208.33 3,500.00 1,440.00 11,760.00 25,940.00 _3,791.66 73.556.65 16,357.85 5,000.00 6,300.00 5,216.03 3,500.00 1,440.00 12,048.55 26,075.50 3,817.25 79,755.18 7,607.85 (4,333.33) 466.67 2,007.70 .00 .00 288.55 135.50 - 25.59 6.198.53 526,066.00 425,710.01 432 ,066.65 6,356.64 Endowment Unrestricted Real Estate (Unrestricted) Restricted lifts Church Boards Auxiliary Enterprises Residence Halls-K. C. W. Residence Halls-Breckinridge Centreville Dining Hall, K. C. W. Cafeteria-Centre College Tea Room, K. C. W. Coffee Shop, Centre College ookstore & Postoffice B Totals: ��Budget 1952-53 Administration & General President's Office 14,366.25 Business Office 9,920.00 Treasurer's Office 5,145.00 Dean & Registrar’s Office 8,880.00 Alumnae Office and Stu.Pro.Women 6,000.00 Dean of Women’s Office 4,139.96 Admissions & Stu. Pro. Men. 7,285.00 General Expense 10,955.00 Board of Trustees 100.00 66,791.21 Instructional Instructional Expense 130,499.44 Libra ry 14,300.00 Operation & Maintenance 65,642.00 Endowment Real Estate 11,544.10 221,985.54 Auxiliary Enterprises Residence Halls-K. C. W. 13,720.00 Residence HalIs-Viseman 200.00 Residence HalIs-McReynolds 200.00 Residence Halls-Breckinridge 8,625.00 Centreville 4,000.00 Dining Hall, K. C. W. 47,500.00 Cafeteria-Centre College 42,465.00 Tea Room, K. C. W. 3,500.00 Coffee Shop, Centre College 17,000.00 Bookstore ft Postoffice 17,000.00 154.210.00 Other Non-Educational Expense Public Relations Office 18,310.00 Alumni Office 12,500.00 Student Activities 3,500.00 Health Service 2,010.00 Athletic Dept., Centre College 12,722.00 Scholarships & Grants 44,615.00 Bus Service 1,815.00 Housemothers-Fraternity Houses 1,350.00 Central Stores Warehouse 1,207.00 98,029.00 Total Budget Expenditures Ridgeted Deficit, 1952-1953 541,015.75 14,949.75 Quota Mar.31,'53 Expended at March 31, ’5 8,380.30 5,786.66 3,001.18 5,171.66 3,500.00 2,414.97 4,249.58 6,390.41 ____ 51-J J 38,953.09 8,843.11 5,499.40 3,107.74 4,859.15 3,787.27 2,391.80 4,355.33 5,636.22 10.00 38,490.02 (462.81) 287.26 (106.56) 312.51 (287.27) 23.17 (105.75) 754.19 48.33 463.07 77,598.46 9,750.00 39,691.12 -7,719.95 13.1,759.53 75,514.81 9,948.91 40,230.09 7,390.13 133,083.94 2,083.65 (198.91) (538.97) 329.82 -1,675.59 8,696.00 116.62 116.62 6,037.50 2,333.31 36,357.71 29,371.53 2,227.26 10,609.23 15,396.84 111, 262.52 8,778.69 91.59 44.19 6,166.59 2,282.57 38,051.84 31,989.75 2,081.60 10,609.23 15,396.84 115,492.89 (82.69) 25.03 72.43 (129.09) 50.74 (1,694.13) (2,616.22) 145.66 .00 .00 (h,230.27) 10,680.83 7,291.62 1,361.15 1,172.50 11,633.36 44,615.00 1,065.75 880.38 766.58 79,467,, 12 9,960.26 8,141.96 1,361.15 1.094.74 13,118.05 48,250.00 720.17 880.38 748.58 84,275.29 720.57 (850.34) .00 77.76 (1,484.69) (3/35.00) 345.53 .00 18.00 (4,808.12) 364,442.41 371,342.14 (6,899.73) (Over) Under ��CENTRE COLLEGE OF KENTUCKY BALANCE SHEET STATEMENT-OPERATING FUND Assets Current Funds A. General Fund Cash in Rank Cash on Hand 5,554.06 1,285.00 6,839.06 1,550.00 12,222.43 Notes Receivable Accounts Receivable Due From Other Funds: From Farris Fund From Evans-Sumrail Sch. Fund From Forward Fund April 30, 1953 2,767.60 15,724.19 -1.045.77 19,537.56 Inventories Deferred Expense Prepaid insurance Suspense Account Total Assets-Current Fund: Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld Borrowed Money 18,151.30 2,711.57 25,039.67 1,842.50 87.894,09 5,327.04 12,1405.80 3,593.60 181,15 120.38 537.15 15,000,00 37,165.12 Due Other Funds: Scholarship Fund Prize Fund 7,117.144,250.34 11,367.48 Prepaid Charges: Cafeteria Meal Tickets Board Charges, K. C, W. Coupon Books 14-.775.86 5,922.79 25,33 10,723.98 Reserves: Carnegie Educational Grants Gifts for Designated Purposes Library Research Program Athletic Dept. 6,465.78 4,869.53 151.47 9,026.23 221.65 20,734.66 Agency Funds: Room Damage & Key Deposits Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at April 30, 1953 207.50 80,198.74 57,47657 65,171.92 766953 Total Liabilities-Current Fund: 87,894.09 ��194 CENaRE COLLEGE OF KENTUCKY STATINENT OF INCOME & EXPENSE OPERATING FUND April 30, 1953 Income Educational & General: Student Fees Tuition & Fees Other Fees Endowment Income Real Estate-Unrestricted Restricted Unallocated Endowment Earnings Synod of Ky., U. S. Board of Christian Education, U. S. A. 158,025.66 888.00 158,913.66 17,524.72 4,208.63 59,394.50 5,957.14 19,819.99 259,861.50 Total Education & General Income: * Auxiliary Enterprises & Activities Residence Halls-K. C. W. Residence Ealls-Breckinridge Centreville Dining Hall-K. C. W. Cafeteria-Centre College Tea Room-K. C. W. Coffee Shop-Centre College Bookstore & Postoffice 17,400.00 11,159.64 3,090.25 41,990.99 33,824.61 2,142.65 11,731.07 15,782.95 137,122.16 Other Non-Educational Income Gifts Gifts-Alumni Fund Student Activities ’Health Service Athletic Dept., Centre College Scholarships AND Grants Other Income 27,977.21 12,000.00 3,500.00 1,440.00 12,197.90 26,575.50 4,286.19 87,976.80 Total Income: 484,960.46 ��195 Expense Educational & General: Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office & Stu. Pro., Women Dean of Women’s Office Admissions & Stu. Pro. Men General Expense Board of Trustees Instructional Instruction Library Operation & Maintenance Endowment Peal Estate April 30, 1953 9,858.17 6,424.89 3,685.49 5,526.38 4,326.87 2,741.11 5,277.67 6,393.67 10.00 44,244.25 91,446.73 11,017.98 46,304.09 -8,512.69 157,281.49 201,525.74 Total Education & General Expense Auxiliary Enterprises & Activities Residence Ealls-K. C. W. Residence Halls-Wiseman Residence Halls-McReynolds Residence Rails—Breckinridge Centreville Dining Hall-K. C. W. Cafeteria-Centre College Tea Room-K. C. W. Coffee Shop-Centre College Bookstore & Postoffice 9,872.48 91.59 54.24 7,021.46 2,812.10 43,018.43 35,890.20 2,424.69 12,063.16 15,918.70 129,167.05 Other Non — Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Bus Service Housemothers, Fraternity Houses Central Stores Warehouse 11,295.20 10,086.52 1,461.15 1,200.79 14,225.92 48,250.00 830.35 914.32 831.50 89,095.75 419,788.54 Operating Gain at April 30, 1953 ��196 STATEMENT OF PROFIT & LOSS DINING HALL, WOMAN’S DEFT. Month of April,1953 Incone: Students Faculty & Officers Employees Guests Banquets & Dinners Conferences 3,086.93 109.76 774.12 145.00 4.115.81 Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense Gain or (Loss) Year to date to April 30,1953 34,477.32 878.08 5,235.96 287.65 145.00 966,98 41.990.99 752.38 2,212.52 2,964.90 ___ 783.65 2,181.25 376.10 23,662.42 24,038.52 783.65 23,254.87 279.33 1,847.50 4.50 66.90 2,234.64 12 ,108.40 141.75 243.80 51.00 101.85 371.59 10.39 120.60 182.74 196.34 533.72 53.44 71.93 80.00 2,800.00 23.91 30.96 15.73 30.33 67.77 8.00 9.14 20.00 350.00 4,935.32 (819.51) 4,115.81 ___ 53.82 42,610.88 (619.89) 41,990.99 ��197 STATEMENT OF PROFIT & LOSS CAFETERIA, CENTRE COLLEGE Month of April,1953 Income: Students employees Banquets & Dinners Conferences Training Table 3,042.60 331.25 Year to date to April 30,1953 3,373.85 Expense: Inventory, Beginning Purchases Total Less: Inventory, Ending Cost of Food Sold Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs Records, Supplies, Etc. Exterminator Service Rents Total Expense: Gain or (Loss) 29,981.91 2,347.75 20 2 997 80 997.80 464.90 33,824.61 691.48 2,151.67 2,843.15 - 776,15 2,067.00 248.18 22.950.27 23,198.45 776.15 22,422.30 345.00 865.00 71.96 14.03 25.32 45.42 46.21 46.26 11.25 20.00 258.33 3,815.78 (441.03) 3.373.85 2,760.00 5,857.00 38.40 255.00 75.00 88.11 29.62 5.67 138.06 159.11 378.17 210.77 657.45 102.43 38.50 80.00 _2.066.64 35,362.23 (1,537.62) 33,824.61 ��EXECUTIVE COMMITTEE MEETING 198 June 5, 1953 The meeting was called, to order by Mr. Ike Lanier, pending the arrival of Dr. J. R. Cowan, Chairman. Prayer was offered by President Groves. Present were: Messrs. Herrmann, Logan Caldwell, Baker, Van Winkle, Lanier, Lively, Jones, Dr. Cowan, Campbell, and McDowell. President Groves reported the following resignations from the faculty: Dr. John Aden, Associate Professor of the Department of English, has resigned to accept a position as assistant professor of English in the graduate school of Vanderbilt University beginning September, 1953. Mrs. Ralph R. Couey, Instructor of typing and shorthand, has resigned because Dr. and Mrs. Couey are moving from Danville. (Dr. Couey has resigned as pastor of the Lexington Avenue Baptist Church of Danville.) Mr. William E. Hudson, Instructor in the Department of Music, has resigned to enter the concert field. Cn the recommendation of the President, Dr. Anna Irene Miller, A.B. degree Mount Holyoke, M.A. degree from Columbia, and Ph.D. from Radcliffe College, was employed on a one-year term for $3^00 as associate professor in the department of English. (See memorandum attached.) Mr. Bertram Kelso, graduate of the Royal Conservatory of Music of Toronto, Canada, and Juilliard School of music in New York City, and for four years a mem­ ber of the faculty of Georgia Wesleyan College in Macon, Georgia, was employed as an instructor in the department of music at a salary of $3000 a year. (See memorandum attached.) Mr. William Wilson Cottrell, A.B. Centre College, 1953, was employed as an assistant in the department of chemistry, replacing Mr. David Scott who has occu­ pied this position for the past year who is leaving to take up his graduate studies in chemistry at the University of Pennsylvania. Leaves of absence were granted to the following members of the faculty: Mr. Roy Ellis, Assistant Professor in the Department of Physics, to study for the year 1953-54 on a fellowship at the Texas A. & M. College; Mr. Paul L. Cantrell to study in the department of English of the University of Virginia for 1953-54 on a fellowship from the General Education Board nf the Rockefeller foundation, working toward his doctor’s degree; Mr. Dwight L. Ling, Instructor in the Department of History and Political Science, on leave during 1952-53, to be continued on leave for 1953-54 to complete his work for the doctor of philosophy degree in history at the University of Illinois. Miss Marjorie Bradford was also granted a leave for 1953-54 to continue her work for the master’s degree in home economics at the University of Alabama, and Mrs. Marcilyn Rouse was granted a leave of absence for the year 1953-54 to continue her work in physical education for the master's degree. ��-2- 199 On recommendation of the President, it was voted to grant an additional study allowance of $900 to Mr. Roy Ellis, beginning September 1 through August 31, 1954, and to take care of his Teacher Insurance and Annuity payments in full at the rate of his current salary, namely $380, making the total payments on account of Mr. Ellis for 1953-54. $1280. On -he recommendation of President -roves, Miss Marilyn McDonald, graduate in physical education in June, 1953, from the University of Kentucky, was employed for one year as instructor in the department of physical education for women to replace Mrs. Marcilyn Rouse at a salary of $2600 for the academic year. President Groves reported that at present there are vacancies in the depart­ ment of home economics and the office of admissions to be filled, and also a new post on the faculty for a person to take charge of the training of elementary school teachers is to be found. Correspondence is being held currently with pros­ pects for all three of these vacancies. President Groves reported that Mr. Jack D. Cowan, Vice President of the West Virginia Pulp and Paper Company, in a letter of May 18, 1953, has indicated the desire of the company to renew their agreement with Centre College of Kentucky for the year beginning June 1, 1953 upon the same terms as the previous contract. In that same letter, Mr. Cowan indicated that the company wished to make a gift of approximately $1500 to Centre College of Kentucky for equipment to be designated. On recommendation it was voted that the Executive Committee officially endorse the renewal of this contract, and also write a letter through the secretary expressing the gratitude of the trustees for their confidence in the College, and the splen­ did assistance which they are rendering both by means of the contract, and the gift of $1500 to be used to buy apparatus for the department of chemistry. The President reported the receipt of the report of the activities of the year of the Soard of Overseers. It was pointed out that the report gives evidence of very fine accomplishment during the past year. The things accomplished by the enthusiastic support of this board are most gratifying. It was voted that the President of the College be instructed to write to the out-going president of the board, sending copies of his letter to each member, expressing the deep gratitude of the Trustees and the Administration of the College for the fine support which this board and its committees are giving the College. It was further recommended that the specific recommendations in each report be taken up item by item as early as possible by the Executive Committee of the Board of Trustees, beginning with the meeting in mid-summer. Concerning the four specific recommendations coming from the recent meeting of the Board of Overseers, the following actions were taken: 1. Concerning two stated meetings per year of the Board of Overseers, It was voted that this recommendation be included in the by-laws of the Board of Overseers, and that provision bo made for two stated meetings per year of the Board. 2. Concerning schedule of a football game in Louisville, Kentucky with Han­ over or some other college, it was voted that this recommendation be considered Jointly by the faculty Committee on Athletics and the Athletic Committee of the Board of Trustees at an early date so that a suitable policy on this matter can be worked out. ��200 -3- 3. concerning the suggested plan for soliciting 3000 alumni to contribute $10 per year as long as they are able, it was voted to request the alumni secre tary to investigate the experience of other colleges with promotional programs of this kind, so that the matter might be discussed with the Board of Directors of the Alumni Association and the Board of Directors of the Alumnae association on the oasis of such experience. 4. With regard to the recommendation concerning the restrictions on membership on the Board of Overseers, it was voted that the President write a letter to the Board of Overseers explaining the purpose in the limitation originally stipu­ lated by the Trustees for membership on the Board of Overseers, and suggesting the possibility of an amendment that would remove the present restrictions, but nonetheless at the same time requesting that as far as possible the Board of Over­ seers carry out the purposes which the Board of Trustees had in mind in setting up this original provision, that is of broadening the base of the number of friends working for the College. The President reported the receipt of five valuable, hand—carved, ivory chess sets, and six other valuable, hand—carved sets, some of wood and some of ivory, from the estate of Mr. Ralph Gilcher of the class of 1913. President Groves announced plans for the initiation on an experimental basis of a vocational guidance center as suggested by Mr. Dallas H. Smith of the Depart­ ment of Personnel of the Board of Christian Education of the Presbyterian Church in the U.S. The center will be under the direction of Mr. Leroy Ullrich of the department of psychology and education. (See bulletins concerning this activity which are enclosed with these minutes.) Adjournment to 9:30 a.m., June, 1953 The Executive Committee re-convened at 9:30 a.m., June 6, 1953» to which Dr. Claire McKay Stewart was invited to attend. Dr. Stewart submitted his resignation to the College, a copy of which is attached. After discussion, it was voted to accept the resignation of Dr. Stew­ art with regret, with the understanding that all duties with the College cease as of September 10, 1953, and that salary and pension allowances be continued through December 31, 1953. Adjournment. F. Pierce Lively Secretary ��20 L .1. Bertram Kelso, Instructor in the Department of Music Kelso has attended Harbord Collegiate Institute of Toronto, Canada, from which he received the diploma in 1939; in 1946 he received the diploma of the Royal Conservatory of Music of Toronto, Canada. He has since studied at the Juilliard School of Music in New York City, and is now doing special work at the Univer­ sity of Georgia. He has done considerable private study both in voice and choral directing. He has performed in oratorial concerts in Toronto, New York, Albany, Georgia, and Griffin, Georgia. He has had experience in radio broadcasting, both in Toronto and in New York City. Tor the past four years he has been instructor in voice at Georgia Wesleyan College in Macon, Georgia. All of Mr. Kelso’s recommendations are of the highest. He has visited Danville twice for personal conference. It is there­ fore recommended that Mr. Kelso be employed as instructor in the department of music at a salary of $3000 a year. ��202 Dr. Anna Irene Miller, Associate Professor in the Department of English. In view of the resignation of Dr. John M. Aden, and also in view of the fact that Mr. Paul Cantrell will be on leave during 1953-54 when he otherwise might be expected to resume his work in the department of English in the place of Mr. Aden, it is neces­ sary to employ an additional person in the department to fill the "v cancy caused by Dr. Aden’s resignation. Fortunately, Dr. Anna a ” Irene M ililler, recently retired as full professor of English on the faculty of Goucher College of Baltimore, was in Lexington, Kentucky, and had previously written the College concerning the possibility of a short-term appointment. Kiss Miller has the A.B. degree from Mount Holyoke, the M.A. degree from Columbia University, and the Ph.D. degree from Radcliffe College. She has taught for a number of years on the faculty of Goucher College, and was retired from that position in June, 1952. The President, as well as her col­ leagues on the faculty of Goucher, recommend Miss Miller most highly. It is recommended that Miss Killer be employed as an asso­ ciate professor for 1953-54 on a short-term appointment in the department of English at a salary of $3600. ��203 June 6, 1953 To the Board of Trustees Centre College of Kentucky Gentlemen: By the end of this year two events will have happened. First, I will have completed five years as Vice President of Centre College of Kentucky, and secondly, I will have reached my sixtieth 'birthday. The considerably more than one hundred thou­ sand miles that have been travelled, and working at the job for from six and one—half to seven days a week, are beginning to take their toll on my strength. Therefore, after careful consideration, I have decided to submit my resignation as Vice President of the College in charge of Public Relations to become effective December 31, 1953. If agreeable to the Board, I should like to complete my active work for the College by September 12, and take a terminal leave until December 31, 1953. This arrangement will give both the College and myself time to make the necessary adjustments. I hope, if possible, to return to the pastorate. I believe that relations between the various publics have been improved. While the which we had hoped for may not have been fully less, considerable progress has been made, and formulated which will eventually increase this College and her financial support realized, neverthe­ plans have been support. It is with considerable reluctance that I leave Centre because I believe thoroughly in the type of education she offers. I have and will always continue to do my best "to sell" the insti­ tution. I deeply appreciate the privilege of having been asso­ ciated with Dr. Groves and all of you, and I trust that as a result of my efforts the College has been strengthened. Yours sincerely Claire M. Stewart ��20-1 Budget 1952-53 Quota Realized . Over May 30,1953 May,30,‘53 (Under) Income Student Fees General Fees Other Fees Endowment Unrestricted Reel Estate (Unrestricted) Restricted 157,746.00 157,746.00 _ 1.414.00 1.333.33 159,160.00 159,079.33 52,715.00 21,957.00 _ 8,325.00 82,997.00 Gifts Church Boards Auxiliary Enterprises Residence Halls—K,.C. W. Residence Halls—Breckinridge Centreville Dining Hall, K. C. W. Cafeteria—Centre College Tea Room, K. C. W. Coffee Shop—Centre College Bookstore & Postoffice 293.16 (227.33) 65.83 43,488.22 3,701.97 18,297.05 (845.70) 6,498.23 254,48 68,283.50 3.110.75 20,934,00 . 15,705,00 20,982.78 5,277.78 18,400.00 18,150.00 17,445.00 12,235.00 12,235.00 11,211.47 4,500.00 3.375.00 3,518.99 50,000.00 47,832.34 47,832.34 44,700.00 38,535.80 38,535.80 2,454.54 3,000.00 2,352.69 17,000.00 13,729.41 13,729.41 17,500.00 16,378.55 16,378.55 167,335.00 152,690.64 151,004.25 (705.00) (1,023.53) 143.99 .00 .00 (101.85) .00 ^-00 (1,686.39 Other Non-Education Income Gifts - Living Endowment Gifts - Alumni Fund Gifts - Ky. Ind. College Foundation Gifts - Churches Student Activities Health Service Athletic Dept., Centre Scholarships & Student Aid Other Income Totals: 39,786.25 19,142.75 6,243.75 65,172.75 158,039.16 1,106.00 159,145.16 15,000.00 16,000.00 10,000.00 5,500.00 3,500.00 1,440.00 11,760.00 25,940.00 6,500.00 95,640.00 11,250.00 12,000.00 7,500.00 4,125.00 3,500.00 1,440.00 11,760.00 25 ,940.00 4,875.00 82.390.00 17,432.85 12,000.00 6,300.00 5,776.86 3,500.00 1,440.00 12,270.90 26,725.50 5,155.89 90,602,00 526,066.00 475,037.72 490,017.69 6,182.85 .00 (1,200.00) 1,651.86 .00 .00 510.90 785.50 280.89 8,212.00 14,979.97 ��Budget 1952-53 Expenditures Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office & Stu. Pro. Women Dean of Women’s Office Admissions & Stu. Pro., Men General Expense Board of Trustees Instructional Instructional Expense Library Operation & Maintenance Endowment Real Estate Auxiliary Enterprises Residence Halls—K. C. W. Residence Halls—Wiseman Residence Halls—iicReynolds Residence Halls—Breckinridge Centreville Dining Hall, K. C. W. Cafeteria—Centre College Tea Room, K. C. W. Coffee Shop, Centre College Bookstore & Postoffice Other Non-Educaticnal Expanse Public Relations Office Alumni Office Student -activities Health Service Athletic Dept., Centre College Scholarships & Grants Bus Service Housemothers-Fratemity Houses Central Stores Warehouse Total Budget Expenditures Budgeted Deficit, 1952-53’ Budget Deficit at May 30, 1953 14,366.25 9,920.00 5,145.00 8,880.00 6,000.00 4,139-96 7,285.00 10,955.00 100.00 $6.791,21 Quota Expended May 30,‘53 May 30,’53 (Over) Under (356.10) 10,774.69 11,130.79 7,440.00 7,184.38 255.62 4,147.43 (288.68) 3,358.75 6,660.00 6,163.67 496.33 4,500.00 4,656.87 (156.87) 3,138.90 (33.93) 3,104.97 5,820.10 5,463.75 (356.35) 964.80 7,251.45 8,216.25 10.00 -........ 65.00 75.00 50,093.41 _49. 503.59 589.82 130,499.44 14,300.00 65,642.00 11,544.10 221,985.54 97,874.58 97,633.52 11,650.00 11,677.27 51,031.50 51,240.32 9,160.92 9339.3 1 169,895.39 169,212,0.3 13,720.00 200.00 200.00 8,625.00 4,000.00 47,500.00 42,465.00 3,500.00 17,000.00 17,000.00 154,210.00 456.14 10.769.29 58.41 91.59 55.78 94.22 234.91 7,527.59 2,987.68 12.32 (2,845.17) 48,285.90 39,742.74 (3,133.73) 187.79 2,675.83 (132.53) 13,860.94 16,637.03 _______ „00 (5,067.64 137,566 .73 142.534.37 11,225.43 150.00 150.00 7,762.50 3,000.00 45,440.73 36,609.01 2,863.62 13,728.41 16,637.03 12,853.79 11,237.76 1,711.15 1,302.88 15,607.46 48,250.00 916.20 948.26 902.34 93.729.-84 1,628.71 (1,862.76) .00 204.62 (2,885.46) (3/35.00) 445.05 .00 445,183.44 455,579.83 (10,396.39) 14,482.50 18,310.00 9,375.00 12,500.00 3,50".00 1,711.15 2,010.0c 1,507.50 12,722.00 12,722.00 44,615.00 44,615.00 1,815.00 1.361.25 948.26 1,350.00 905.25. 1,207.00 98,029,0O ,_82 .627.91 541.015.75 14,949.75 241.06 (27.27) (208.62) 178,39 163.36 2 91 4,583,58 ��CENTRE COLLEGE CF KENTUCKY BALANCE SHEET STATEMENT-OPERATING FUND Assets Current Funds A. General Fund Casn m rank Cash cn Hand (1,046.92) 1,285.00 23-5.08 1,550.00 4,206.68 Notes Receivable Accounts Receivable Due from Other Funds: From Farris Fund From Evans-Sumrall Sch. Fund From Forward Fund May 30, 1953 2,879.60 15,724.19 1,045.77 19,649.56 Inventories Deferred Expense Prepaid Insurance Suspense Account 17,813.28 2,711.5? 23,753.93 1,842.50 Total Assets—Current Fund: 71,768.60 Liabilities Current Funds A. General Fund: Accounts Payable t Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld Borrowed Money 6,818.71 12,504.68 3,575.20 119.85 106.38 533-39 23,500-00 47,158.21 Due Other Funds: Scholarship Fund Prize Fund 7,117.14 4,067.28 11,184.42 Prepaid Charges: Cafeteria Meal Tickets Board Charges, K. C. W. Coupon Books 683.80 886.22 25 .33 1,595-35 Reserves: Carnegie Educational Grants Gifts for Designated Purposes Library Research Program I Athletic Dept. 6,350.78 4,944.53 151.47 10,026.23 232._55 21,705.56 Agency Funds: Room Damage & Key Deposits Surplus & Deficit Account: Accumulated Operating Deficit Operating Cain at May 30, 1953 207,50 81,851.04 57,476.57 47,394.13 e , 10 .082.471,768.60 ��CENTRE COLLEGE OF KENTUCKY STATEMENT OF I. COME & EXPENSE OPERATING FUND May 30, 1953 Income Educational & General: Student Fees Tuition & Fees Other Fees Endowment lucerne Seal Estate-Unrestricted Restricted Unallocated Endowment Earnings Gifts Synod of Ky, U. S Board of Christian Education, U. S. A. 158,039,16 1,106.00 159,145.16 18,297.05 4,208.63 64.4l6.71 86,922.39 13,862.85 7,119.93 20,982.78 267,050.33 Total Education & General Income: Auxiliary Enterprises & Activities Residence Halls—K. C. W. Residence Halls—Wiseman Residence Halls—McReynolds Residence Halls—Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre College Tea Room, K. C. W. Coffee Shop, Centre College Bookstore & Postoffice 17,445.00 11,211.47 3,518.99 47,832.34 38,535.80 2,352.69 13,729.41 16,37,8.51 151.004.25 Other non-educational Income Gifts Gifts-Alumni Fund Student Activities Hea1th Service Athletic Dept., Centre College Scholarships & Grants Other Income Total Income: 29,509.71 12,000.00 3,500.00 1 ,440.00 12,270.90 26,725.50 5.155,89 90,602.00 508,656.58 ��208 May 30, 1953 Expense Educational & General: Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office & Stu. Pro., Women Dean of Women’s Office Admissions 3c Stu. Pro., Men General Expense Board of Trustees Instructional Instruction Library Operation and Maintenance Endowment Real Estate 11,130.79 7,184.38 4,147.43 6,163.67 4,656.87 3,138.90 5,820.10 7,251.45 10.00 9 ~ s 69,503.59 102,558.52 11,677.27 51,240.32 9,160.92 171,637.03 226,160.62 Total Education & General Expenses Auxiliary -Enterprises and Activities Residence Halls—K. C. W. Residence HalIs-Wis eman Residence HalIs-MeReynoIds Residence Halls-Breckinridge Centreville Dining Hall, K. C. W. Cafeteria Centre College Tee Room, K. C. W. Coffee Shop—Centre College Bookstore & Postoffice . 10,769,29. 91.59 55.78 7,527.59 2,987.68 48,707.37 40,078.89 2,675.83 13,860.94 16, 637.03 163,391.99 Other Non-Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Centre College Scholarships and Grants Bus Service Housemothers, Fraternity Houses Central Stores Warehouse Operating Gain at May 30, 1953 12,853.79 11,237.76 1,711.15 1,302.88 15,607.16 48,250.00 916.20 948.26 902.34 93,729.66 461,262.65 67,391.13 508,656.5S ��209 STATEMENT OF PROFIT & LOSS PILING HALL, WOMAN’S DEPT. Month of May, 1953 expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense: Gain or (Loss) 5,225.23 5,841.35 Income: Students Faculty and Officers Employees Guests Banquets & Dinners Conferences Year to date to May 30,1953 39,702.55 878.08 5,852.08 287.65 145.00 966.58 47,832.34 783.65 3,445,15 4,228.30 - 797,-57 3,431.23 376.10 27,107.57 27,483.67 ___ 797.57 26,686.10 279.33 1,404.00 38.25 2,513.97 13,512.40 180.00 243.80 60.00 154.70 386.01 15.72 133.43 205.17 222.77 553.18 53.44 81.39 80.00 3,150.00 53.82 48,285.90 (453.56) 47.832.34 616.12 9.00 52.85 14.42 5.33 12.83 22.43 26.43 19.46 9.46 350.00 5,675.02 156.33 5,851.35- ��210 STATEMENT OF PROFIT & LOSS CAFETERIA, CENTRE COLLEGE Month of May 1953 Income: Students Employees Banauets and Dinners Conferences Training Table 4,295.44 282.25 133.50 Year to date to May 30, 1953 4711.19 Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel for cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs Records, Supplies, Etc. Exterminator Service Rents Total Expense: Gain or (Loss) 34 ,277.35 2.630.00 165.75 464.90 997.8O 38.535.80 776.15 2_, 726.39 3,502.54 -584.33 2,918.21 246.18 25,676.66 25,924.84 584.33 25,340.51 345.00 685.OO 19.00 9.00 52.50 19.88 24.27 47.52 1.80 258,33 4,380.51 330.68 4.711.19 3,105.00 6,542.00 57.40 255.00 84.00 140.61 29.62 5.67 157.94 183.38 425.69 210.77 657.45 104.10 38.63 80.00 2,324.97 39,742.74 (1,206.94) 38,5 35.. 80 ��211 MEETING OF THE FULL BOARD OF TRUSTEES June 6, 1953 1 A letter of resignation as a member of the Board of Trustees of Centre Col­ lege of Kentucky, addressed to President Groves from the Chairman of the Board, Dr. J. R. Cowan, was read. It was moved that Mr. Ike Lanier be made vice chairman of the Board of Trustees. It was moved that the resignation of Dr. J. R. Cowan be tabled, and that a committee consisting of Messrs. Logan Caldwell and Lee be named to convey at once to Dr. Cowan this action of the Board, and also to try to persuade Dr. Cowan to continue his duties both as a member of the Board and as Chairman of the Board of Trustees. Messrs. Caldwell and Lee were excused for this purpose. A committee consisting of Messrs. Armstrong and Logan Caldwell was appointed to frame a suitable resolution on the death of Robert L. "Chief" Myers of the class of 1997, one-time director of athletics of Centre College, and more recently execu­ tive secretary from 1944 to 1950. On recommendation, it was voted that the report of the Budget Committee be deferred until the mid-summer meeting of the Executive Committee, and that the Executive Committee have authority to approve the budget of the College. It was similarly voted that the report of the Buildings and Grounds Committee be deferred until the mid-summer meeting of the Executive Committee, and that the Executive Committee also have power to approve the report of this committee. Messrs. Logan Caldwell and Lee returned with Dr. Cowan, and announced that Dr. Cowan had consented to withdraw his resignation, an announcement which was greeted with enthusiasm. Mr. Lanier turned the chair over to Dr. Cowan. The Finance Committee then made its report. 1. A report was made of an additional $5000 received from. Mrs. William con­ nings Price towards the pledge of $25,000 for the William Jennings Price Memorial Scholarship, making payments to date $10,000. Mrs. Price has agreed to pay the additional $15,000 in $5000 installments per year over the next three years. ��-22. It was moved and carried that the auditing firm of Hifner, Fortune, and Potter be employed as the College auditors to audit the accounts of the College for the fiscal year 1952-1953. 3. It was moved and carried that the present contract for financial counsel with the nited States Trust Company of New York City, which expires September 1, 195 be completed, and that the Finance Committee be empowered to negotiate a new contract with the Kentucky Trust Company of Louisville, Kentucky for their employ­ ment as investment counsel, the contract negotiated to be subject to the approval of the Executive Committee. 4. On the advise of the investment counsellors, the United States Trust Com­ pany, and on the recommendation of the Finance Committee of the College, it was voted to sell certain holdings as listed in the attached report totalling an evalua­ tion of $141,780, and to buy certain securities as listed in the attached report totalling 2136,450. It was also voted to sell additional holdings of $48,090, and buy 40 holdings totalling $47,600 as per attached list. 5. It was voted to sell all German bonds held by the College through the United States Trust Company. The Business Manager made the report of the financial operations of the College through April 20, 1953. After discussion, the report was approved and presented. (See report attached.) President Groves reported on the status of the ’’Living Endowment" funds, show­ ing that of a total budgeted of $74,534, $59,395.99 has been received to date, leaving a balance of $21,129 to be received on certain items as against which there is a surplus of $6,022.28 in other items. (See attached report.) A report from the Admissions Office was made showing that as of June 5,1953, there is ar. advanced registration of 79 new students - men, and 79 new students women, for a total of 158 new students as against a registration of 106 new students at the same date a year ago. The net gain of 52 represents a 49% increase. A report receipts from contributors, is in advance funds in both was read from the Alumni Secretary, showing that as of June 1, 1953, the 12th umni (ae) Fund stand at $22,104.56 from a total of 1070 A The Fund, both in number of contributors and in total contributions, of the same date a year ago, and promises to go beyond all previous of these items. A letter addressed to the President of the College by Mr. Thomas A. Ballantine, President of the Kentucky Independent College Foundation, was read, and it was voted to request the President to write a letter to Mr. Ballantine assuring him of the full cooperation of Centre College in this enterprise, and also expressing the hope that this newly formed foundation will prove beneficial to all the independent colleges of the State in the near future. The by-laws, as proposed on November 14. 1952. were brought up for discussion, and were approved with the amendments presented by the committee of which Mr. Howard Van Antwerp is the chairman. They were adopted unanimously by 18 members of the Board of Trustees present. ��On recommendation of the faculty, the following students, having completed the required course ox study, were approved to receive the bachelor of arts degree at the comm encement exercises on June 7, 1953: John T. Bartley John Riddle Sampson Brooking James Herbert Brown John Buckner Cleopatra Alexandra Cazassis Margaret Church Trank Earl Cooley, III William Wilson Cottrell Robert Browder Creason John Kenneth Crosley William. Armstrong Davis Paul Daniel. Dougherty Jane Ann Dozier Karl David Epling John Cato Fogle Jeanne Carolyn Fyfe Donald Harrington Giles Mary Elizabeth Gray Thomas Lawrence Halloran Thomas Tuck Hancock Richard Royce Holmes Walter Sweeney Holtzclaw William Rockett Houghton Billy Ballard Humston Anna Margaret Kazee Carolyn Elizabeth Kearney Joan MacRae Kennedy Kenneth Barton Kusch Donald Logan McCulloch Everett Earl McGuire David Lee McNeill Joan Mattingly Richard Noel Morgan John Ball Nichols, III William Stoddard N'ichols Ole Tallick Olson, Jr. Mayme Wilson Palmer Thomas G. Perkins James M. Ratcliffe Joseph McDowell Rodes Eleanor Marie Rowe Richard Paul Shrewsbury Colegate Bascom Shrout Edward Frederick Sieb Harold Barnette Simms William Gibson Simpson Billie Spears John Francis Speier David Steere Jane Latimer Stevenson Earle Victor Stone Nancy Bouldin Suddarth Eugene J. Syrotiuk Donald Phillip Thacker Glenn W. Tucker Allen Rudolph Twitty William C. Van Inwegen Roelt Kendal Veatch Betty Louise Watson Benjamin S. Williams Louis Edwin Woolery Completing Work for Their Degrees August, 1953 James Lester Clark Carleton Leroy Corby Davis Lee Huston, Jr. Edgar W. Jones, Jr, Robert Edwin Lawrence William Henry Morrison John Green Reynolds William A. Silverman, Jr, John Murphy Wardman Carroll Eugene Holmes The special committee consisting of Messrs. Logan Caldwell and Morris Armstrong presented the following resolution on the death of Robert L. Myers, and on motion it was voted to approve this resolution: The untimely death of Robert L. Myers, 107, following so closely on the death of his "adopted son” Alvin N. (Bo) McMillin, almost closes one of the great chapters in the glorious history of Centre College of Kentucky. Chief Myers has been so much a part of Centre College for nearly a half a century, that for hundreds of people to mention "Chief” was to think of Centre, and to mention Centre was to think of "Chief". ��The kind of teams which he coached still exist in sone small colleges, but they are not to be found among the great teams of today. Likewise, the school spirit” which had so much meaning for him, and to Which he engendered so much that was noble and fine in his boys, seems to be much less in evidence than it once was. Perhaps other things have taken its place in the lives of young people, we do not know, We only know that we are glad that ’’Chief” was once among us, for we are so grateful for his influence for good for so many. 10 Mrs. Myers and his son and daughter, we send our sincere sympathy in their great loss, and request that this resolution be spread upon the minutes of the .board of Trustees of the College, and be printed in the next is sue of The Centre News Letter, and that a copy of this resolution be sent to Mrs. Robert L. Myers and her family. Respectfully submitted, Logan Caldwell Norris Armstrong, Chairman The request from Dr. Benfield as Chairman of the Committee of the Synod of Kentucky of the Presbyterian Church U.S., arranging for the Capital Funds Campaign, 1954, for a listing of the capital funds needs of Centre College of Kentucky, was referred to the Executive Committee for final action and presentation to the Com­ mittee. Election of Trustees: 1. On motion, it was voted that Mr, John E. Wiseman, whose term of office as Trustee expires at this date, be elected an emeritus Trustee of Centre College of Kentucky for life. Mr. Wiseman has been a trustee of Centre College of Kentucky since November 10, 1939. He has served the Board faithfully and well for the past fourteen years. He has always been a loyal alumnus and supporter of the College. In addition, for most of the years of the life of Centre College of Kentucky, a member of the family of Mr, Wiseman has been on the Board of Trustees of the College. It was voted to convey to Mr. Wiseman the sincere appreciation of the Board for his splendid work for the College, and also to inform him of this action making him an emeritus trustee for life. 2. Committee #l recommended the following to be elected in the class of 1957. Mr. Howard Van Antwerp, Jr., of Ashland, Kentucky; Miss Amelia Yerkes of Dan­ ville, Kentucky; and Mr. E.• C.• Gamble of Cincinnati, Ohio. 3. Committee 42 recommended that Hr. Hugh Nevin of Louisville, Kentucky be elected as of the class of 1957. The recommendations of Committee #1 and Committee 42 were approved. 4, The Board of Directors of the Alumni Association recommended that Mr. E. T. Boles be elected to the position of alumni trustee in the class of 1957. On motion it was voted to elect Mr. Boles to this position. ���it is noted, that those elected, to Committee must be ratified by the Synod of Kentucky of the Presbyterian Church U.S.A., and those elected to Committee #2 must be ratified by the Synod of Kentucky of the Presbyterian Church U.S. _ It is also to be noted that there is, at the present time, a vacancy in the class of 1957 in Committee #2 The meeting adjourned for lunch. following lunch, the Board of Trustees re-convened in Joint session with the Board of Visitors of the Women's College, the Board of Directors of the Alumni Association, the Board of Directors of the Alumnae Association, and the Board of Overseers, to hear the report of the President, and also other reports from each of the above-mentioned boards. .after the presentation and discussion of these reports, the meeting adjourned. F. Pierce Lively Secretary ��216 Kay 28, 1953 Living Endowment - Individuals Cash reported through Feb 20, 1953 Cash received Feb. 21-May 21 Pledges due 1952-1953 Pledges due 1951-1952 Total 14088. 3337.85 50. 550. 18025.85 Total budgetted 1952-1953 Total received 1951-1952 15000. 20041.90 Living Endowment - Presbyterian Churches U.S.A. Reported through Feb. 20, 1953 Cash received Feb. 21-May 21 2890.45 2386.41 5276.86 Total budget ted 1952-1953 Total received 1951-1952 5500. 8639.10 Living Endowment - Presbyterian Board U.S.A. Reported through Feb. 20, 1953 Cash received Feb. 21-May 31 5957.14 1162,79 7119.93 Total budgetted 1952-1953 Total received 1951-1952 5934. 9805.30 Living Endowment - Synod of Kentucky U.S. Reported through Feb. 20, 1953 Cash received Feb, 21-May 21, 1953 7200. 6662.85 13862.35 Total budgetted Total received 1951-1952 15O00. 14773.02 ��CENTRE COLLEGE OF KENTUCKY BALANCE SHEET STATEMENT-OPERATING FUND Assets Current Funds A. General Fund Cash in Bank Cash on Hand 5.554.O6 1,285.00 6,839.06 1,550.00 12.222.43 Notes Receivable Accounts Receivable Due From Other Funds: From Farris Fund From Evans-Sumrall Sch. Fund From Forward Fund April 30, 1953 2,767.60 15.724.19 1.045.77 19,537.56 Inventories Deferred Expense Prepaid insurance Suspense Account Total Assets-Current Fund: Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld Borrowed Money 18,151.30 2,711.57 25,039.67 1.842.50 87.894.09 5,327.04 12.405.80 3,593.60 181.15 120.38 537.15 15,000.00 37,165.12 Due Other Funds: Scholarship Fund Prize Fund 7.117.14 4.25O.34 11,367.48 Prepaid Charges: Cafeteria Meal Tickets Board Charges, K. C. W. Coupon Books 4,775.86 5,922.79 25.33 10,723.98 Reserves: Carnegie Educational Grants Gifts for Designated Purposes Library Research Program Athletic Dept. 6,465.78 4.869.53 151.47 9,026.23 221.65 20.734.66 Agency Funds: Room Damage & Key Deposits Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at April 30, 1953 Total Liabilities-Current Fund: 207.50 80.198.74 57,476.57 65,171.92 -7,695,35 87.894.09 ��218 CENTRE COLLEGE OF KENTUCKY STATEMENT OF INCOME & EXPENSE OPERATING FUND April 30, 1953 Income Educational & General: Student Fees Tuition & Fees Other Fees Endowment Income Real Estate-Unrestricted Restricted Unallocated Endowment Earnings Gifts Synod of Ky., U. S. Board of Christian Education, U. S. A. 158,025.66 888.00 158,913.66 17,524.72 4, 208.63 59,394.50 81,127.85 13,862.85 -5,957.14 19.819.99 259,861.50 Total Education & General Income: Auxiliary Enterprises & Activities Residence Halls-K. C. W. Residence halls-Breckinridge Centreville Dining Hall-K. C. W. Cafeteria-Centre College Tea Room-K. C. W. Coffee Shop-Centre College Bookstore & Postoffice 17,400.00 11,159.64 3,090.25 41,990.99 33,824.61 2,142.65 11,731.07 15.782.95 137,122.16 Other Non-Educational Income : Gifts Gifts-Alumni Fund Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Other Income 27,977.21 12,000.00 3,500.00 1,440.00 12,197.90 26,575.50 4,286.19 87,976.80 Total Income: 484,960.46 ��219 Expense Educational & General: Administration & General President’s Office Business Office Treasurer's Office Dean & Registrar’s Office Alumnae Office & Stu. Pro., Women Dean of Women's Office Admissions & Stu. Pro. Men General Expense Board of Trustees Instructional * Instruction Library Operation & Maintenance Endowment Real Estate April 30, 1953 9,858.17 6,424.89 3,685.49 5,526.38 4,326.87 2,741.11 5,277.67 6,393.67 10.00 44,244.25 91,446.73 11,017.98 46,304.09 -8,512.69 157,281.49 201,525.74 Total Education & General Expense Auxiliary Enterprises & Activities Residence Halls-K. C. W. Residence HalIs-Wiseman Residence Halls-McReynolds Residence Halls-Breckinridge 0 Centreville ] Dining Hall—K. C. W. Cafeteria-Centre College Tea Room-K. C. W. Coffee Shop-Centre College Bookstore & Postoffice 9,872.48 91.59 54.24 7,021.46 2,812.10 43,018.43 35,890.20 2,424.69 12,063.16 15,918.70 129,167.05 Other Non-Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Bus Service Housemothers, Fraternity Houses Central Stores Warehouse Operating Gain at April 30, 1953 11,295.20 10,086.52 1,461.15 1,200.79 14,225-92 48,250.00 830.35 914.32 831.50 89.095.75 419,788.54 65,171.92 484,960.46 ��220 STATEMENT OF PROFIT & LOSS DINING HALL, WOMAN’S DEPT. Month of April,1953 Income: Students Faculty & Officers Employees Guests Banquets & Dinners Conferences 3,086.93 109.76 774.12 145.00 4,115.81 Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold Salaries - w Wages ' ' "“Til Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense fifi ti Janitor Supplies Laundry Electricity Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense Gain or (Loss) * .• > * j Year to date to April 30,1953 34,477.32 878.08 5,235.96 287.65 145.00 966.98 41,990.99 752.38 2,212.52 2,964.90 ___ 783,65 2,181.25 376.10 23,662.42 24,038.52 783.65 23,254.87 279.33 1,847.50 4.50 66.90 2,234.64 12,108.40 141.75 243.80 51.00 101.85 371.59 10.39 120.60 182.74 196.34 533.72 53.44 71.93 80.00 2,800.00 53.82 42,610.88 (619,89) 41,990.99 23.91 30,96 15.73 30.33 67.77 8.00 9.14 20.00 350.00 4.935.32 (819,51) ��1 STATEMENT OF PROFIT & LOSS CAFETERIA, CENTRE COLLEGE Month of April,1953 [ Income: Students Employees Banquets & Dinners Conferences Training Table 3,042.60 331.25 Year to date to April 30,1953 .3,373.85 Expense: Inventory, Beginning Purchases Total Less: Inventory, Ending Cost of Food Sold Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Fuel for Eeating Repairs Records, Supplies, Etc. Exterminator Service eRents Total Expense: Gain or (Loss) 29,981.91 2,347.75 32.25 997.80 464.90 33,824.61 691.48 -2,151.67 2,843.15 ___ 7.76.15 2,067.00 248.18 22,950.27 23,198.45 ___ 226-15 22,422.30 345.00 865.00 2,760.00 5,857.00 38.40 255.00 75.00 88.11 29.62 5.67 138.06 159.11 378.17 210.77 657.45 102.43 38.50 80.00 2,066.64 35,362.23 (1,537.62) 33.624.61 71.96 14.03 25.32 45.42 46.21 46.26 11.25 20.00 ___ 25333 3,815.78 (441.93) 3,373.85 ��UM June 19, 1953 ■ The meeting was called to order by Acting-Chairman, Logan Caldwell. Prayer was offered by President Groves. Present were Messrs. Logan Caldwell, W. P. Caldwell. Jones, Lively, and President Groves. r. Logan Caldwell, as chairman of the Finance Committee, called attention to the incorrect wording of item #3 of the Finance Committee’s report to the full Board of Trustees as recorded in the minutes of June 6, 1953. The report of the finance Comnittee for that item should read as follows: It was moved and carried that the present contract for flnancial counsel with the United States Trust Company of New York City, which expires September 1, 1953, completed, and that the Finance Committee be empowered to negotiate with the Kentucky Trust Company of Louisville, Kentucky, relative to a contract for their employment as Investment counsel, any contract negotiated to be subject to the approval of the Executive Committee. The minutes of the Executive Committee meeting of June 5, 1953 were approved as circulated. President Groves read the report of Mr. Paul Cantrell, Director of Admissions, showing that on June 19, 85 men students are pre-registered as compared with 58 on June 20, 1952, and 89 women students as compared with 55 women students on June 20, 1952. Totals: June, 1953 - 174; June 20, 1952 - 113. Mr. Arnicar, the Business Manager, made the report of the operating funds of the College as of May 30, 1953 * On motion, it was voted to receive and file these reports. (See copy attached) Mr. Arnicar reported the tentative budget for 1953-1954, showing that either by savings or by additional income, it will be necessary to find $28,771.60 to balance the budget for 1953-1954. On motion, it was voted to receive and filethis report, with the understanding that the final budget for 1953-1954 would be presented at the October meeting of the Executive Committee. President Groves pointed out the costs of operating the fraternity houses under the present plan, stating that regardless of enrollment, houses which cannot maintain a minimum capacity of at least 18 students at a room rent of $180 per year per student, cannot be anything but a financial drain on the College. Following this report, it was voted that the rule of 12, now in force in the agreement by those fraternities occupying the houses partially owned by the Col­ lege and partially owned by the fraternity, be enforced rigidly, and that the officers of the fraternities be Informed that no fraternity house will be permit­ ted to be opened in September until the room rent for the first semester of 12 students for each house is paid. ��It was further voted that in accordance with a long-established policy of the college, no new freshman men be allowed to live in the fraternity houses during their freshman year. On recommendation of President Groves, the following revisions of the by­ laws of the Board of Overseers of Centre College of Kentucky were approved: revision of section II, ’’Membership", paragraphs three and four. On motion it was voted to substitute for paragraphs three and four, the following paragraph: The Board of Trustees, the Board of Visitors, and the Directors of the Alnmni and Alumnae Associations, are invited and urged to nominate qualified Individuals. In view of the fact that one of the purposes of the Board of Overseers is to en­ list the support, the interest, and the counsel of those who are not currently members of one of these nominating boards, it is recommended that as far as possi­ ble, nominations oe made of others than those who are members of these nominating boards. It was further voted that section IV, ’Meetings”, of the by-laws of the Board of Overseers be revised as follows: The Board of Overseers shall meet at least twice annually, in October or November, and again in April or May, at the call of the President of the College or of the President of the Board, preferably when the College can be seen as it actually operates rather than on special occasions such as homecoming and com­ mencement. In view of the fact that Dr. Benfield, Chairman of the Planning Committee for the Capital Funds Campaign of the Synod of Kentucky of the Presbyterian Church in the U.S. for Higher Education, needs to know as early as possible the designation of the §250,000, the portion of that campaign which, if successful, will be allot­ ted to Centre College, it was voted that the following be endorsed as the primary needs of Centre College of Kentucky. 1. $125,000 to $150,000 to complete the art and music building. Through the bequest of Miss Emma Weisiger of Danville, Kentucky, Centre College has been granted in cash $40,000 for the erection of this building, and $10,000 more for its equipment. In addition, from the Weisiger estate, approximately $140,000 more is to be made available for the endowment of the building and the department. How­ ever, this mesas that use cannot be made of the previously mentioned $50,000 until an additional $125,000 to $150,000 is obtained, or a total of $175,000 to $200,000 which is what will be required for the completion of the building and its equip­ ment. When Miss Weisiger wrote her will some 15 years ago, the $50,000 stipulated in her wi11 would have been sufficient. However, today’s prices make it quite evident that a minimum of $175,000 will be needed to complete the job envisioned by the generous bequest of Miss Emma Weisiger. 2. §50,000 to $75,000 to replace heating plants on both caucuses, in parti­ cular the heating plant in Young Science Hall. Natural gas is now available in Danville, and has proven to be much cleaner and much more economical than coal. This means that the once-contemplated central heating plant is no longer a neces­ sity. However, advantage should be taken of the availability of this natural gas to convert our several remaining coal-burning furnaces and to replace the boilers which need replacement right now. ��3. $50,000 to replace the Wiseman annuity in the annuity funds of the College, which was used to complete the Alumni Memorial Building. Up to the present, the income payments on this annuity have been taken care of by the Forward Program. However, within another year, these payments totalling $2500 per year will have to be taken from the operational income of the College. If we can replace this -50,00.-, then the annuity itself can be used to carry these payments as long as is required by the terms of the contract. President Groves reported an agreement with Miss Clara Pauline Allen to be instructor in the department of home economics for the academic year 1953-1954' at a salary of $2700 to fill the vacancy created by the leave of absence of Miss Bradford. It was voted to confirm this agreement. Miss Clara Pauline Allen attended LaGrange College in Georgia, the Atlanta division of the University of Georgia, and graduated in heme economics in June, 1953 from Georgia State College for Women at Milledgeville, Georgia. Miss Allen was originally recommended by Mr, Herbert A. Meyer, former business manager of Centre College, now business manager of Georgia State College for Women, and also by mem­ bers of the faculty of G.S.C.W. Miss Allen, further, has visited Centre College, and as a result of these recommendations and conferences, the appointment was recommended by Bean Sweeney and Acting-Bean Cook, as well as President Groves. President Groves reported concerning the West Coast trip planned for Mrs. Groves and himself, which will include visits and alumni and alumnae meetings in Little Rock and Fort Smith, Arkansas; Tulsa and Oklahoma City in Oklahoma; Sherman, Ballas, Fort Worth, Houston, Austin and San Antonio, in Texas; Albuquerque in New Mexico; Los Angeles and San Francisco in California; Denver in Colorado; Ashland and Wichita in Kansas; and Kansas City and St. Louis in Missouri. It is also the hope that some student promotion will be made possible through these meetings. It was moved and carried that the next meeting of the Executive Committee be held at 2:30 p.m., C.B.T. in Danville, Kentucky on August 14, 1953 * Adjournment F. Pierce Lively Secretary ��CENTRE COLLEGE OF KEFT’CKY BALANCE SHEET STAT'N-El.T-OPERr TING FUND Assets Current Funds A General Fund Cash ir. Bank Cash on Hand 3,859.06 1.110.00 4,969.06 1,550.00 Notes Receivable Due from Other Funds: From Farris Fund From Evans-Sumrail Sen. Fund From Forward Fund July 31, 1953 1 3,274.56 I 252 A 8? 20,021.12 Inventories Deferred Expense Prepaid Insurance Suspense Account 17,934.74 .216^ Total Assets—Current Fund: Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Eosritalization Insurance Salary Savings Social Security Taxes Withheld Borrowed Money 1,482.84 12,062.21 3,798.30 180.15 111.78 494.63 43,500.00 61,629.91 Due Other Funds: Scholarship Fund Prize Fund 6,992.14 3,792^ 10,784.^42 Prepaid Charges: Student Fees Reserves: Carnegie Educational Grants Gifts for Designated Purposes Research Program Athletic Dept. 3,272.44 5,482.62 232.35 1U.513.73 Agency Funds: Room Damage & Key Deposits Surplus & Deficit Account: Accumulated Operating Deficit: Operating Gain at July 31, 1953 Total Liabilities—Current Fund: 2OO3O 93,971.88 57,476.57 34,24135. 23.21U.62 70.737.26 I ��226 CENTRE COLLEGE OF KENTUCKY STATEMENT OF INCOME & EXPENSE OPERATING FUND July 31, 1953 Income Educational & General: Student Fees Tuition & Fees Other Fees Endowment Income Real Estate-Unrestricted Restricted Unallocated ^dowment Earnings Gifts Synod of Ky. U. S. Board of Christian Education, U.S.A. 162,541.61 1 462.55 164,004.16 19,704.38 4,472.63 84.013.91 108,190.92 15,752.85 7,119,93 22,872.78 295,067.86 Total Education & General Income: Auxiliary Enterprises & Activities Residence Halls—K C. W. Residence Hells—Wiseman Residence Halls—McReynolds Residence Halls—Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre College Tea Room, K. C. W. Coffee Shop, Centre College Bookstore & Postoffice 18,025.00 665.00 100.00 11,129.13 3,798.75 59,731.27 39,622.03 3,429.45 15,675.42 17.934,76 170,110.81 Other Non-Educaticnal Income Gifts Gifts-Alumni Fund Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Other Income 35,714.19 12,000.00 3,5OO.OO 1,440.00 12,248.77 28,535.50 5,590.66. 99,029.12 Total Income: 564,207.79 ��July 31, 1953 Expense Educational & General: Administration & General President’s Office Business Office Treasurer’s Office Dean &. Registrar’s Office Alumnae OFf ice & Stu. Pro., Women Dean of Women’s Office Admissions & Stu. Pro., Men General Expense Board of Trustees Instructional Instruction Library Operation & Maintenance Endowment Heal Estate 13,531.84 8,927.77 4,913.83 7,513.43 5,272.93 3,832.96 7,413.19 9,215.93 67.62 60,689.50 117,416.04 13,766.56 60,994.44 10.972.75 203,149.79 263,839.29 Total Education & General Expense Auxiliary Enterprises & Activities Residence Galls—K. C. W. Residence Halls—Wiseman Residence Halls—McReynolds Residence Halls—Breckinridge Centreville Dining Hall, K. C. W. Cafeteria Centre College Tea Room, K. C. W. Cof.ee Shop—Centre College Bookstore & Postoffice 12,826.56 98.40 55-78 8,890.12 3,726.09 57,696.71 42,328.78 3,713.74 15,895.63 18,428.10 163,659.91 Other Don-Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Centre College Scholarships & Grants Bus Service Housemothers, Fraternity houses Central Stores Warehouse Total Expense: Operating Gain at July 31, 1953 15,154.77 13,377.93 3,321.15 1,866.67 16,129.26 49,089.39 1,140.89 1,316.14 1,070. .44 102 ,466.64 529,965.84 34,241.75 564,207.79 ��ST.ATEMENT OF PROFIT & LOSS DINING HALL, WOMAN’S DEPT. Year to date to July 31, 1953 Income• Students Faculty & Officers Employees Guests Banquets & Dinners Conferences Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware China Kitchen Expense Janitor Supplies Laundry Electricity Seating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense: Gain or (Loss) 40,588.7? 958.72 7,227.70 292.65 379.80 10,283.63 52,231,22 376.10 31.46,5.60 31,841.70 534.48 31,307.22 3,042.63 16,917.90 215.50 314.00 87.00 157i20 413.39 20.71 173.42 253.30 268,71 559.57 63.64 190.32 100.00 3,500.00 53. .82 57,638.73 2,092.54 59.731._2Z ��STAT EMEET OF PROFIT & LOSS CAFETERIA, CENTRE COLLAGE Year to date to July 31, 1953 Income: Students Employees Banquets & Dinners Conferences Training Table Expense Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs Records, Supplies, Etc. Exterminator Service Rents Total Expense: Gain or (Loss) 35,008.08 2,804.00 347.25 464.90 997,80 39,622 ,03. 248.18 26,300.38 26,548.56 264,21 26,264.35 3,745.00 6,888.00 77.40 275.18 111.00 174.41 29.62 5.67 159.89 191.60 492.94 389.36 657.45 109.08 38.50 100.00 2,583.30 42,292.75 (2,670.72) 39,622.03 ��230 EXECUTIVE COMMITTEE MEETING August l4, 1953 The meeting was called to order by the Chairman, Dr. J. R. Cowan. Prayer was offered by President Groves. Present were: Messrs. Cowan, Lanier, Logan Caldwell, Van Winkle, Jones, and Lively, and President Groves. The minutes of the meeting of the Executive Committee of June 19, 1953 were approved as circulated. Mr. Logan Caldwell read a letter of July 15, 1953 from the United States Trust Company, and a letter of August 6, 1953 from the Kentucky Trust company relative to a contract for services as investment counsellor and custodian for the securities of the endowment funds of Centre College of Kentucky (see copies of these letters attached). After this reading, it was moved and carried that Mr. Caldwell be authorized to request the United States Trust Company of New York City to continue their present contract as investment counsellor of the College on a month to month basis until the matter of a new contract for investment counsellor has been settled at the full meeting of the Board of Trustees in October, 1953. Mr. Logan Caldwell was excused from the meeting to telephone the Uni­ ted States Trust Company about another item of business, and in the course of the conversation requested the trust company to renew the contract as investment counsellor on a month to month basis. Mr. Caldwell reported following this telephone conversation the agreement of the trust company for this service. Mr. Arnicar made the report of the business manager concerning the financial operations of the College through July 31, 1953. (See copies attached.) On the basis of this report the budgetted deficit as of July 31, 1953 is $6,876.75 instead of the estimated deficit of the original" budget of $14,949.75. However, Mr. Arnicar explained further that it is his hope that the actual deficit as of August 31 1953 will be $11,000.00 or less, rather than the original estimate of some $14,949.75. At this Juncture, President Groves reported the possibility of some additional outside financial help which may enable the College to balance its opera­ tional account for the fiscal year 1952-1953. On motion it was voted to accept and file the report of the business manager. The report of the alumni secretary on the 12th Alumni-Alumnae Fund was made (see report attached). According to Mr. Ensminger’s analysis of this fund, the College should receive $16,849.46 net for faculty salaries �< I �from the 12th Alumni-Alumnae Fund, the amount expected and budgetted. This is approximately $1300 in excess of It was voted to accept and file the report, and to commend the alumni secretary for a job well done. President Groves reported on the Living Endowment Fund as of July 30, 1953. showing that to date there have been received $70,728.02 of the total $74,584.00 budget ted from these funds. President Groves further explained, however, that the item of $25,000 indicated as expected from the Kentucky Independent College Foundation was most optimistic, and some $15,000 in excess of real expectations. However, it was also noted that the amount received from the Foundation, namely $7800, is still $2200 less than the original $10,000 expected. But, with the exception of this one item, al 1 other sources of what might be called "living endowment” show very encouraging results. This report was filed as information. (See attached.) The treasurer, Mr. Logan Caldwell, reported the receipt of an additional $40,000 from the Emma Welsiger Estate, making the total received to date on this estate $115,000., exclusive of the original $50,000. originally received in accordance with the terms of the will for the construction and equipment of the Welsiger Art and Music Building. The executors report that there will be one more distribution sometime after January 1, 1954 In this connection it was voted to concur in approving attorney’s fees in the sum of $20,000, and an executive fee of $30,000, payable to the Farmers National Bank as executors for their work in connection with the settlement of the Emma Weisiger Estate, this action being taken in accordance with the letter of July 6, 1953 of Mr. M. C. Minor, President of the Farmers National Bank. It was voted that $8000 of the note of $18000 of Mr. J. C. Stagg, paya­ ble to Centre College of Kentucky, be designated as part of the investment of the Synott Fund for 1952-1953- Mr. Logan Caldwell reported the receipt of $7480.97, being the final distribution of the Mutchmore Estate. In accordance with the recommendation of Professor Steere, head of the department of music, and the further recommendation of President Groves, it was voted that Professor Steere and Mr, Ike Lanier be authorized to purchase an electronic organ, the cost to be defrayed from the Welsiger funds for the equipment of the art and music building. It was voted that the action of the Executive Committee of June 5, on­ cerning the resignation of Dr. Stewart, be rescinded, and that the resigna­ tion of Dr. Stewart be accepted with the understanding that all duties with the College cease as of September 10, 1953 * that salary and pension allow­ ances be continued through November 30, 1953It was further voted that Dr. Stewart be retained as counsellor for pub­ lic relations from December 1, 1953 through December 31 * 1954 at a salary of $44.90 per month. ��It was moved and carried that Mr. Brice T. Leech, for the past three years acting-registrar of the College, be promoted to the position of registrar beginning September 1, 1953. and that his salary, beginning the same date, be $3400 per year. The admissions office reported 97 men registered for the fall of 1953, and 32 women for a total of 179 students as compared with a total of 74 men and 58 women, or 132 students, for the same date a year ago. It w.a voted that Mr. Logan Caldwell be authorized to endorse the note s for $3300 in the name of Centre College of Kentucky at a local bank for the Phi Delta Theta fraternity, to enable the fraternity to make repairs on their chapter house, this note to be paid off by the fraternity at the rate of $800 per year for principal and interest, on condition that in the event the payments are not made according to schedule by the fraternity, the house shall be operated by the College on the same basis as other fraternity houses partly owned by the College and partly owned by the fraternity. A letter from Mr. J. Campbell Jeffries concerning a certain insurance proposal was read, and after discussion it was voted to inform Mr. Jeffries that Centre College of Kentucky cannot endorse the proposal on the principal ground that it is primarily a project for the promotion of insurance sales rather than the promotion of Centre College of Kentucky. The chairman, Dr. Cowan, announced the addition of Mr. F. Pierce Lively to the Finance Committee of the Board of Trustees. The following resolution was voted on the loss of Dr. Jesse Herrmann to the Executive Committee and the Board of Trustees by his death on July 14, 1953: In the death of Dr. Jesse Hermann on July 14, 1953, Centre College of Kentucky lost a loyal friend and devoted worker. Dr. Herrmann was elected to the Board of Trustees of Centre College of Kentucky on June 9, 1933. so that at the time of his death, only two other members surpassed him in years of service. Moreover, during these entire twenty years, Dr. Herrmann was also a member of the important Executive Com­ mittee of the Board, and though the meetings of this committee month by month required a forty-mile drive from his home in Lexington, he was most faithful in his attendance. As a trustee, Dr. Herrmann had the advantage of a broad experience gained from membership on other Important bodies, both of his community and hie church, which, when added to his own sound Christian judgment and keen interest In the welfare of the College, made him invaluable in counsel. By his integrity of mind and spirit, he enjoyed the respect of all. He was a man of firm convic­ tions, although always willing tn yield to the will of the majority. His death leaves not only an empty place on the Board, but also an empty place in the hearts of all of us who knew him and worked with him and loved him. It is recommended that a copy of this resolution be spread upon the minutes of the Board of Trustees of Centre College of Kentucky, and also that copies be sent to Mrs. Herrmann and to the elders of the Second Presbyterian Church of Lexington, Kentucky. Adjournment ��August 4, 1953 Mr. Logan Caldwell Centre College Danville, Kentucky Dear Logan: In accordance with our previous correspondence we have now made a computation of the market value of the securities of Centre College in our hands as of August 1, 1953, and the total is $1,557286. If this value were used in determining our fee, should we be employed as Investment Counsel and Custodian, the resultant annual fee at a quarter of one percent of the value would work out at $3,893.21. As you know, our practice is to calculate fees on the basis of l/8th of 1% semi-annually, so this is submitted merely to give you a fairly accurate approximation of what the fee would be. We shall await the further pleasure of your Finance Committee in this matter. Meanwhile we congratulate you on the nice increase in the Endowment since last August 31st. With all good wishes, we are, Sincerely, President Executive Vice President �4 �Mr. Logan Caldwell, Treasurer Centre College of Kentucky Danville Kentucky Dear Mr. Caldwell: Mr. George Lee called upon me today in reference to your recent letter to him concerning the charges for the continuance of our service for another year. We should be very happy to continue the present arrange­ ment for another year on the same annual fee basis of $2,000 with the pro­ visions as originally agreed upon. Perhaps you would be interested in knowing what our fee would be were we to have physical possession of your securities with the addi­ tional work necessarily attendant with such custodianship. Prom an operating standpoint we find that it is more convenient and more accurate if we have the securities in our vault as we can then be certain at any particular time that securities have either been sold or purchased. Sometimes advices of transactions go astray in the mail or are delayed and our list of holdings is, therefore, inaccurate. Accordingly, we would furnish our full Investment Advisory Service with custodianship of the securities for a flat rate of $2,500 per annum. This figure approximates our income fee for this type of account, namely, 5% for the first $20,000 of income collected, for the next $20,000 and 3$ on income in excess of $40,000. This would, of course, be subject to revision periodically depending on the size of the fund. I hope that the foregoing is the information that you desired and with kindest regards. Sincerely, Vice President i ��August 14, 1953 Living Endowment - Individuals Cash reported through May 21 Cash received Kay 22 - July 31 Pledges due 1952-1953 Pledges due 1951-1952 $17425.85 3200. 125. ________________ Total Total budgetted 1952-1953 Total received 1951-1952 21300.85 $15000. 20041.90 Living Endowment - Presbyterian Churches, U.S.A. Reported through May 21, 1952 Received May 22 - July 31 Total Total Budgetted 1952-1953 Total Received 1951-1952 $ 5276.86 406.66 5683.52 5500. 8639.10 Living Endowment - Presbyterian Board, U.S.A. Reported through May 21, 1953 Nothing more received through July 31 Total budgetted 1952-1953 Total received 1951-1952 $ 7119.93 5934. 9805.30 Living Endowment - Synod of Kentucky U.S. Reported through May 21, 1953 Received through July 31 1953 * Total $13862.85 1890. 15752.05 15000. 14733.02 Total budgetted, 1952-1953 Total received, 1951-1952 Scholarships - Churches Reported through May 21, 1952 Nothing more received through July 31 450. 1500. Total budgetted 1952-1953 Total received 1951-1952 (included in churches direct) Scholarships - Individuals Reported through May 21, 1953 Received through July 31, 1953 Total $ 8360.50 1575. 9935.50 ��Total budgetted 1952-1953 Total received 1951-1952 $ 6650. 6714.75 Kentucky Independent College Foundation $ 63OO. 1500. 7800. Total received through May 21, 1953 Received May 22 - July 31, 1953 Total Total budgetted 1952-1953 25000. Total received 1951-1952 (merged with gifts - individuals) Summary of Living Endowment and Scholarship Gifts through July 31 * 1953 Budgetted From Individuals Presbyterian Churches - USA Presbyterian Board - USA Synod of Kentucky - US Scholarships - Churches Scholarships - Individuals Kentucky Independent Col. Foundation TOTALS Received 15000. 5500. 5936. 15000. 1500. 6650. 25000. 74584. 21300.85 5693.52 9805.30 15752.85 450. 9935.50 7800. 70728.02 Deficit Surplus 6300.85 183.52 3871.30 752.85 1050. 3285.50 17200. 18250. 14394.02 ��Budget 1952-53 Quota Realized Over July 31,53 July 31,53 (Under) Income Student Fees General Fees Other Fees Endowment Unrestricted Heal Estate (Unrestricted) Restricted Gifts Church Boards Auxi1iary enterprises Residence Halls—K. C. W. Residence Halls—Wiseman Residence Hells—McReynolds Residence Halls—Breckinridge Centreville Dining Hall, K. C. W. Cafeteria—Centre College Tea Roon, K. C. W. Coffee Shop—-Centre College Bookstore & Postoffice Other Non-Education Income Gifts—Living Dndownent Gifts—Alunni Fund Gifts—Ky. Ind. College Foundation Gifts—Churches Student Activities Health Service Athletic Dept., Centre Scholarships & Student Aid Other Income Totals: 157,746.00 157,746.00 162,541.61 4,795.61 1,414.00 1,414.00 1,462.55 ._____ 48,15, 159,160.00 159,160.00 164,004.16 . 4,844.16 52,715.00 21,957.00 6,325.00 82,997.00 48,322.06 21,027.25 7.632.50 76,981.61 53,577.64 5,255.58 19,704.38 (1,322.87) 12 ,260.68 4,628.18 65.542.70 . 8,560.89 20,934.00 20.934.00 22,872.78 . 1,938.78 18,400.00 18,400.00 18,025.00 (375.00) .00 665.00 665.00 .00 .00 100.00 .00 100.00 12,235.00 12,235.00 11,129.13 (1,105.87) 4,500.00 4,125.00 (326.25) 3.798.75 50,000.00 50,000.00 59,731.27 9,731.27 44,700.00 44,700.00 39,622.03 (5,077.97) 3,000.00 3,000.00 3,429.45 429.45 17,000.00 17,000.00 15,675.42 (1,324.58) 434.76 17,502.00 17,50c.00 17,934,76 167,335.00 166,960,00 170,110.81 . 3,150.81 15,000.00 16,000.00 10,000.00 5,500.00 3,500.00 1,440.00 11,760.00 25,940.00 6.500.00 95,640,00 15,000.00 16,000.00 10,000.60 5,500.00 3,500.00 1,440.00 11,760.00 25,940.00 5.585.00 94.725.00 1,116.21 16,116.21 1,614.46 17,614.46 7,800.00 (2,200.00) 683.25 6,183.25 .00 3,5OO.OC .00 1,443.00 488.77 12,248.77 2,595.50 28,535.50 5,590-66 , 5 ._66 99.028.85 . 4,303.85 526,066.CO 518,760.81 541,559.30 22,798.49 ��Budget 1952-53 Quota Expended (Over) July 31,'53 July 31,’53 Under Expenditures Administration and General President’s Office 14,366.25 Business Office 9,920.00 Treasurer's Office 5,145.00 Dean & Registrar’s Office 8,880.00 Alumnae Office & Stu. Pro. Women 6,000.00 Dean of Women’s Office 4,139,96 Admission & Stu. Pro., Men 7,285.00 General Expense 10,955.00 Board of Trustees 100,00 66,791.21 Instructional Instructional Expense 130,499.44 Library 14,300.00 Operation & Maintenance 65,642.00 ■Endowment Beal Estate 11,544.10 221.965.54 Auxiliary Enterprises Residence Halls—K. C. W. 13,720.00 Residence Halls—Wiseman 200.00 Residence Hells—McReynolds 200.00 8,625.00 Residence Hal1s —Breckinridge Centreville 4,000.00 47,500. 00 Dining Hell, K. C. W. Cafeteria—Centre Collage 42,465.00 Tea Room, K. C. W. 3,500.00 Coffee Shop, Centro College 17.000.00 17,000.00 Bookstore & Postoff ice: 154,210.o0 Other Non-Educational Expense 18,310.00 Public Relations Office | Alumni Office 12,500.00 3,500.00 Student Activities 2,010.00 Health Service 12,722.00 Athletic Dept., Centre College 44,615. 00 Scholarships & Grants 1,815.00 Bus Service 1,350.00 Housemothers—Fraterrity Houses Central Stores Warehouse 1,207.0O 98,029.0O Total Budget Expenditures Budget Deficit, 1952-53: Budget Deficit at July 31, 1953 541,015-75 14,949.75 6,876.75 13,169.06 9,093.32 4,716.25 8,140.00 5,500.00 3,794.98 6,677.92 10,042.08 91.66 61,225.20 13,531.84 8,927.77 4,913.83 7,513.43 5,272.93 3,832.96 7,413.19 9,215.93 67.62 60,639.50 (197.58) 626.57 227.07 (37.98) (735.27) 826.15 119,624.50 13,275.00 60,171.84 10,532.10 203,653.44 117,416.04 13,766.56 60,994.44 10,972.75 203 ,149.79 2,208.46 (491.56) (822.60) (390-65) 503.65 13,720.00 200 . 200.00 8,625.00 3,666.66 47,500.00 42 ,465.00 3,500.oo 17,000.00 17,000.00 153,876.66 12,826.56 98.40 55.78 8,890.12 3,726.09 57,633.73 42 ,292.75 3,713.74 15,895.63 18,428.10 163,565.90 893.44 101.60 144.22 (265.12) (59.43) (10,138.73) 172.25 (213.74) 1,104.37 (1,428.10) (9,689.24; 16,785.26 11,458.54 3,500.00 1,842.50 12,722.00 44,615.00 1,815.00 1,350.00 1,106.42 95,194.72 15,154.77 13,377.93 3,321.15 1,866.67 16,129.26 49,089.39 1,140.89 1,316.14 1,070.44 102,466,64 1,630.49 (1.919.39) 178.85 (24.17) (3,407.26) (4.474.39) 674.11 33.86 7,27.1.92) 513,950.09 529,871.83 15,921.74 (362.78) ��12TE. ALUMNI-ALUMNA FUND REPORT (Centre College of Kentucky) Cash Collections........................................ $22,467.56 Gift of Stock............................................... $ 2,500.00 (Permanent Improvement Fund) Stock Dividends.......................................... $ 280.00 (Permanent Improvement Fund) Total Receipts, 12th. Fund.................. $25,247.56 Analysis of collections Women (A lumnae) Contributors............ 382 Unrestricted gifts................................ $ 3,589.00 Restricted Gifts(See below)............$ 302.00 Total contributed by women........................................... $3,891.00 Men (Alumni) Contributors............ 791 Unrestricted gifts...............................$18,561.56 Restricted gifts(See below)........... $ 15.00 Gift to Perm. Inn. Fund(Stock)...$ 2,500.00 Stock Dividends( P.I. Fund)............. $ 280.00 Total contributed by men............................................. $21,356.56 Total contributions, men end women...................... $25,247.56 Total number contributors....1,173 Fund expenses ......... $2,700.00(2/3 of which taken from alumni receipts and 1/3 from alumnae receipts of 12th. Fund) Alumnae (Women) Restricted Gifts Anonymous (Through hrs. M.S. Givens )for Artist Series.................... $5-00 Mrs. Murray Nicol(Alumnae Association projects)............................. $25.00 Fleenor P. McGregor(Interior Improvements,Women’s Dept.)......... $10.00 Elizabeth Metcalf (Alumnae Garden)........................................................... $ 5.00 Angeline C. Stoll(K.C.W. improvements)................................................ $10.00 Florence A. Edmonds (Alumnae Garden)....................................................... $ 1.00 Alta Denny Merrick( Women’s Division).....................................................$ 5.00 Margaret R. Moore(decoreting Women’s Division)............................... $10.00 Mrs. Wallace Williamson(decorating and garden committee)......... $20.00 Mrs. Pat Bradshaw Gladfelter(K.C.W. improvements).........................$ 1.00 Mrs. George Rue(K.C.W. decorating).................................................. $10.00 Miss Amelia R. Yerkes (Women’s Division).............................................. $25.00 Mrs. Ronald E. Ware(Women’s College Improvements)........................ $ 5.00 Mrs. Virginia Beck Helm(Alumnae Student loan Fund)...................... $100.00 * Mrs. Emily H. Reubenstahl(K.C.W. Building Fund)............................. $ 5.00 Mrs. W.E. Rryce(for any K.C.W. expense)............................... ............... $ 5.00 Mrs. Ann Kinnaird(decorate alumni room in Memorial Gym)........... 510.00 Dorothy Hinitt(for K.C.W. decorating).............................................. 50.00 Total.................... $302.00 Alumni(Men) Restricted Gifts Allen West Wood(Building Find)..................................... • ••..................... $10.00 James S. Camobell(Athletic Fund)....................................................... 5.00 Total....................... $15.00 ♦Given directly after receipt to Mrs. lucy Bosley, Loan Fund Treasurer N0TE--$17,649.46 in alumni receipts paid to college for faculty salaries end $1,800 Fund expenses. Alumnae receipts not yet allocated. Respectfully submitted by, Robert F. Ensminger Sect.-Treas. Alumni Association ��SPECIAL MEETING OF THE BOARD OF TRUSTEES CENTRE COLLEGE OF KENTUCKY August 19, 1953 The meeting was called to order by Mr. Ike Lanier. Prayer was offered by President Groves. Present were: Messrs. Lanier, Logan Caldwell, W. P. Caldwell, Sam B, Jones, Fred Wachs, Norris Armstrong, F. Pierce Lively, and Presi­ dent Groves. Mr. Lanier made a statement concerning the unfortunate death of the Chairman of the Board, Dr. J. Rice Cowan, which made necessary the calling of the special meeting of the members of the Board of Trustees who were available. Mr, Lanier also paid a fine tribute to all that Centre College of Kentucky, and particularly the Board of Trustees, owed to the fine services over the years of Dr. Cowan. It was moved and carried that a committee composed of Messrs. Jones, Logan Caldwell, and President Groves be requested to prepare resolu­ tions on the death of Dr. Cowan, the resolutions to be sent to the press and to Mrs. J. R. Cowan, It was moved that Mr. Ike Lanier be elected chairman of the Board, his election to be confirmed, however, by a mail ballot from all the members of the Board of Trustees. The meeting adjourned. F. Pierce Lively Secretary ��241 EXECUTIVE COMMITTEE MEETING October 16, 1953 The meeting was called, to order by the chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were; Messrs. Lanier, Logan Caldwell, Wachs, Jones, Van Winkle , Baker, W. P. Caldwell, and Lively. _he minutes of the Executive Committee meetings of August 14 and August 19 were approved as circulated. President Groves presented the faculty salary list for 1953-1954, and the administrative salary list for 1953-1954 (see files). These salaries were approved as recommended, subject to further consideration concerning the salary of President Groves. (See below) The question of possible increases in charges for room rents and for board was considered. It was recommended that further investigation concerning this subject be made, and it was agreed that if this investigation discloses the desirability of increases, that they should be made as recommended. Mr. Ike Lanier reported on the efforts which have been made to secure the gift of the Baldwin Organ recently acquired by the College from the Baldwin Company of Cincinnati. A request by Professor Steere for the purchase of a tape recorder was re­ ported. Mr. Steere is to be requested to confer further with Mr. Lisle Baker concerning this matter. President Groves reported the employment, part-time, of Mr. Walter R. Gattis, Jr. by the Department of Finance at Frankfort, and the recommendation that this work be approved, in view of its relationship to Mr. Gattie's teaching and research, was approved. Mrs. Nell Allen’s Director of Admissions report for the women’s enroll­ ment was presented. Among other things the report indicates that the women’s enrollment of 173 students is the largest in the history of the College, and the number of women students in residence, namely 142, again is the largest in the history of the College. On the recommendation of the Budget Committee, it was voted to increase the salary of President Groves $500.00 a year, making a total salary of $80 a year, and also to grant to the President an allowance of $1000.0^ a year for the use of his car. Adjournment �. *tl .&' ' V.« • • « - ■ • • •* • *0 -o^oa .-JAiaJ • *'4 J .... ,-'■■;• • .tferthl baa .•$ •»* • • ‘ ’. Vi.’'. tQNKM*^ j rri#xrwt7 OBeXsiroO ‘ . > ^Imn: jmi . an* Be^wixlr lo ert* • • , . .bvroTfVI.» . -• ' • -• ' '■' • 1 . . ■ ' : •, •-• .05- ‘ ' i .> W -I • ' ^•f5c/.:- ^tortt w:r~ . ■' . • **. < a> ; j/j «< ■'-£ < ■. .:• • . • - < ofraat fele taai Mu q - ' .: •. • • < Jab M^olqaa arte fftofehant •';•■•• - - >•'1 ■ >•-• iHir&d’ . ■ J ’fsaatoa■• aaaaaW’^e fa • . - . <■ • * -Am • -**•• *• • • - t .i^, a 1 • •• •• ■ *nifc?o >0^. <• 01 V jS: »J .• • ** .•«»’ tWJlano5 J : 1 — ., .. Jba^cga^ rtavo'r’- Jb* t ., ■ .Mcellx •>»AL . '• -.vl ■;• . .-^ • •‘ . •• .:•/ .1 ‘ • ; ’ .nK lo .£ ?wlg* ' O' •’ .J 1 ti Aj tv&hr■- : tr» . if £ .»* < • aotteftQBfl faa^itairt •!©• ’* Bf# '■■' • • V> ■ "•J A 1 0 OB ,uo ‘’ '' ilr a e , t' lo enoT.mi 3; M rV �board of trustees meeting October 17, 1953 The meeting was called, to order by the chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were: Messrs. Lanier, Logan Caldwell, W. P. Caldwell, Jones, Arm­ strong, Benfield, VanAntwerp, Van Winkle, Gamble, Bakery and Lively, and Misses Yerkes and Poynter, and President Groves. The chairman, Mr. Lanier, spoke briefly of the serious loss suffered by centre College of Kentucky and the Board of Trustees through the deaths, since the June meeting, of Dr. Herrmann, Dr. Cowan, and Chief Justice Vinson. Following these remarks, the following resolution was read on the death of Dr. C owan: John Rice Cowan Born, February 7, 1872 Died, August 17, 1953 It is difficult to express in words the loss which Centre College of Kentucky has experienced in the death on August 17, 1953, of the beloved chairman of its Board of Trustees, Doctor John Rice Cowan. The record of his service for the College speaks more eloquently than lan­ guage. When a physician and surgeon of Doctor Cowan’s standing, not only in the community of Danville, but throughout Kentucky, takes the time and gives the thought which he gave to his alma mater, one can understand how close the best interests of Christian education were to his heart. As a member of the Board of Trustees since June 8, 1916, and as its chairman since June 8, 1934, his sound Christian judgment has always been invaluable. His fine Christian faith, well known to those who worked with him in his day-by-day practice of medicine, as well as in his church life, was a rudder which kept his vision not only on the best in education for Centre College, but the best in Christian educa­ tion. As a trustee he wanted to know, and generally succeeded in knowing, most of the members of the faculty personally. In fiscal matters he always insisted on the kind of integrity by which not only the best interests of the College were safeguarded, but also its reputation for fairness maintained. He gave of his own means generously and gladly, and therefore never hesitated to ask others to do so also. The presidents of the College had in him their staunchest supporter and their wisest counsellor. His colleagues on the Board did not always agree with him, but when they found themselves in disagreement, they ex­ amined their disagreements all the more carefully. Chief Justice Finson, ��243 -2- who had known Dr. Cowan for 45 years, on learning of his death sent a telegram which eloquently expresses the loss of all. He stated simply, doctor Cowan was one of the country’s noble men”. Centre College of Kentucky and all associated with it are deeply grateful to God for the life and service of John Rice Cowan. On motion, it was voted to spread this resolution on the minutes of the Board of Trustees, and to send a copy of it to Dr. Cowan’s family. There was next read a resolution on the death of Chief Justice Vinson: Frederick Moore Vinson Born, June 22, 1890 Died., September 8, 1953 The shock that spread across the nation Tuesday morning, Septem­ ber 8, 1953. with the realization that the Chief Justice of the United States was dead, was felt particularly by all the friends of Centre College, for from the time that Fred Vinson entered College in the fall of 1907 until the day of his death, Centre was truly his alma mater. A picture of Cid Centre which hung on the wall behind his desk in the chambers of the Chief Justice bore mute testimony, day in and day out, to the affection in which he held and had always held his college, re­ gardless of the many high offices in public life which he occupied. It was most appropriate, therefore, that on May 26, 1944-5. he should have been elected to the Board of Trustees. At the time, he was director of the Office of War Mobilization. A few months later, on July 23. 1945. he was appointed Secretary of the Treasury, and a year later, June 2, 4 * 1946, he was elevated to the office of Chief Justice. The duties of these offices often prevented him from attending the meetings of the Board in Danville, but he never missed a meeting of the Alumni Associa­ tion in Washington, of which group, for the past several years, he was president. In addition, by correspondence and by telephone, he kept abreast of every development in the College. In Washington, whenever a trustee or officer was in town, his desk was cleared for visit and conference. Such interest, when added to his position, made him a '’tower of strength” for Centre, His character is attested in many ways, but by none more than the incident reported in his home town paper at the time of his death. It reads: ’’The Bible used in the ceremony (of administering the oath of office to Mr. Vinson as Chief Justice) had been given to the Vinsons on their wedding day in 1923 by an old friend, who wrote on the fly­ leaf: ’To Mr. and Mrs. Fred M. Vinson - a chart and compass for the voyage.* Chief Justice D, Lawrence Groner of the Court of Appeals of the District of Columbia, who administered the oath of office to the Chief Justice of the United States, added these words to the original inscription: ’As a result of which he has kept his rudder true’. ♦ I �•eA ' fA - - * • u» ,d-<r^.x^4-v >>'••»* v ’ - !BV eUnoO -.dlMh •‘IX io ‘ : '■ l?-r . .3 xsb • • i t <• eo’Harl -lalAO & ' lo al j »JUi r< I ^Xiivfr *.<d • I--d ddir-' c: i»M^rc -a: so ad aaiitf »1H t-lfaq ’1 •• o’^ ' • 1 *** , - ., ' ■ ,4' 1 »f£ ;J > -‘ 3 ’•1 .* ^T. ,7»JaI 11 'o •aD-aro arc ,r(j’lo « iln L -rtobaiA irw& Mit . ./ 1 ,t . . <• is [ -a ,enr ' a :i>w; a sti^ **e" * •’ • ■■• • • .a . ■ ?cxl-ld ' is> 3?l-t R han -* VLB'#&,oa8 b*.: >iq* lo oi ie^ >I> w>* X ’.a:'rt£i61T «M t AV®<!< **'■—1 a betelr i$ver. »r Irt -.allivn*- a — ?i ic • •' ; w A- + < h iesW r ~ eba® -•- - 'c n’ .X*3 ;■ ai- & -/ u . • ♦i^ixJfoO aHI ;i ^nao:^. I -• ,.tfl -i -®B 1 ’ bahbi lwMw .,’♦••«.anaeic 1O1 jIMKIJB -O .noUlXH a- I fiadtf ‘8T051 acraa noiiiB^Br xi !iab^.u7 *o «bao a.4j t.a i t • 1«J t v. ‘ ** bear ■ ' • an‘1 lot waaqtaBro* haa’f^sdo b*- aoaAJfV llo 1© n^ro' eriJ 5e*x»litc _• r.’ i . • 5tow 'tteu/tJ b. i >• ,<. ”.' ,r~ - . >/ • J<.' . ' bei^’ .a’xK bca .ij. o* ’ :1b&I ? _ i• *-1 . bAiXtfl-* lo eoiiet • 1 ' tiBaai- fi. tl1 .4«omr~ •• i �-3 244 We of Centre College of Kentucky are grieved, by his unexpected death. His passing, a sad blow at any time, is particularly serious in that it follows so quickly the loss of such able leaders as Jesse Herrmann and. J. Rice Cowan. Nonetheless, we turn to Him who was grateful enough to give us these men, confident that He will yet find those who are equal to the tasks which these, His servants, have left * behind It was voted to spread a copy of this resolution upon the minutes of the Board of Trustees, and to send a copy of it to the family of Chief Justice Vinson, Mr. Logan Caldwell made the annual report of the Treasurer of the College. On motion it was voted to approve the report as presented (see copy attached). President Groves presented some financial comparisons as a supplement to the Treasurer’s report. This statement was attached to the Treasurer’s report. (See copy attached) Mr. J red Arnicar made the annual report of the Business Manager of the College for financial operations for September 1, 1952 through August 31, 1953. It was voted to approve this report as presented. (See copy attached) Mr. Logan Caldwell presented the report of the Budget Committee, with a proposal for the operating budget of the College for 1953-1954, showing a total income of $590,890.00, and a total expenditure of $595,360.00, for an operating deficit for the year of $4,470.00. In the discussion concerning the budget, the Business Manager pointed out that the budget assumed the receipt of something over $90,000.00 in "living endowment", that is, gifts from churches, church boards, corporations, alumni (ae), and individuals, of which some $45,000.00 was assured, but the remaining $45,000.00 would have to be raised in the manner in which it has been done during the past several years. It was voted to approve the budget as presented, Mr. Norris Armstrong reported for the Trustee’s Athletic Committee, that at a joint meeting of the faculty Athletic Committee and the Trustee’s Athletic Com­ mittee, the recommendation of the Board of Overseers that the Centre-Hanover game of 1954 be played at Louisville, Kentucky, was considered, but that in view of all arrangements which were involved, it was the consensus of both the Trustee Committee and the Faculty Committee that it would be necessary to play the Centre-Hanover game in Danville as originally scheduled as the homecoming game on October 31, 1954. It was voted to approve this recommendation by the joint com­ mittees. Mr. Logan Caldwell reported for the Finance Committee with regard to recom­ mendations by the U.S. Trust Company for changes in Investments of the endowment of the College. (For details of this report, see minutes of the Finance Committee of the Board of Trustees.) On motion it was voted to approve the recommendations as presented. Mr. Logan Caldwell reported on negotiations concerning the contract for the investment counsel of the College, The letter of July 15, 1953, from the United States Trust Company, and the letter of August 4 of the Kentucky Trust Company, were read. It was voted that the College continue the present contract with the United States Trust Company of New York from September 1, 1953 to August 31, 1954, �1 edt.-eh a n o‘aV 1 t lo 7' .i>. . . ••-'.a- r? ■•■? »' . o5- .* n +*!•-■•.. ■ ■ • < '1 : I' ■ ■ ■ »• ;- • • ' ’ ’ .00z0V^,4t lo ire j €■-* zr:. .Jpi •; V .•’»*<*• J”. < ^.0 nclsbi'j'ib on? rl ■'-'" '( . . . ’ sv enJ s - i - jmw a , <> . . ’ .he?r Ml . '• ; ■ 1 > - -v.'.. O 5?-- - g.-. • .■’H-. f i ? ;• : , ■ . ' - Q^il .1 ' . r . . -S t. u" *'■ > ' .' " ' .< ?.« ?- ' *• ea • c �for their services as investment counsel at an annual fee of $2,000.00, as stipu­ lated in their letter of July 15, 1953. It was further voted that the custodian account remain with the Kentucky Trust Company in Louisville in accordance with the terms of the contract now in force. The following resolution was voted substituting the name of Mr. Ike Lanier for that of Dr. John Rice Cowan for purposes of signing papers in connection with transactions involving the custodian account of the College with the Kentucky Trust Company; WHEREAS, Dr. John Rice Cowan died on August 17, 1953, and it is necessary to appoint a successor to him as Chairman of the Board of Trustees, and as one of two representatives designated to give instruc­ tions to the Kentucky Trust Company as Custodian. '’THEREFORE, BE IT RESOLVED that in accordance with the terms of the agreement approved by the Executive Committee on July 8th, 1949, whereby The Kentucky Trust Company is Custodian of the securities of the Endowment Funds of the College, it was moved and carried that Mr. Ike Lanier, Chairman of the Board, be designated to act with Mr. Logan Caldwell, Treasurer of the College, as the two representatives of the College authorized to give instructions to the Custodian regarding the Custodian’s duties under the terms of the agreement.” Dr. Benfield reported on plans for the Capital Funds Campaign by the Synod of Kentucky of the Presbyterian Church in the U.S., with a goal of $850,000.00 for the educational institutions of the Synod of Kentucky, $250,000.00 of which is for Centre College of Kentucky, the campaign itself to take place in the spring of 1954, and to be consummated during May of 1954. Following this report, it was voted that the Executive Committee of the Col­ lege be empowered to work with Mr. Nevin on plans for the Welsiger Art and Music Building, with a view to holding the ground-breaking exercises for this new building at commencement time, June, 1954. Dr. Groves made a report on the enrollment for the fall of 1953, reporting a total of 220 men and l70 women for a total of 392. It was further pointed out that the enrollment of 172 women is the largest women’s enrollment in the history of the College. President Groves also made a brief report on plans for student promotion as well as for the continuation of the church visitation program during 1953-1954. On the recommendation of Committee #1, it was voted to elect Mr. Lisle Baker to Committee #1 of the Board of Trustees in the class of 1954. replacing Dr. Herr­ mann of that class. It should be noted that by this action there is a vacancy in the alumni trustee for the class of 1954 . ��On the further recommendation of Committee #1, it was voted to elect the reverend John R. Gosney, D.D., of the Second Presbyterian Church of Danville, Kentucky, to the Board of Trustees to fill the vacancy in the class of 1955 caused by the death of Dr. J. R. Cowan. Again, on the recommendation of Committee 41, it was voted to elect Mr. Paul Garrett blazer, Chairman of the Board of the Ashland Refining Company of Ashland, Kentucky, to fill the vacancy in Committee 41 of the class of 1956 due to the death of Chief Justice Vinson. It is to be noted that at the present time there is a vacancy in the class of 1957, Committee 42, and class of 1954, Committee 43. On motion it was voted that the secretary of the Board send letters of sympathy to trustees George A. Joplin, Jr,. and Mr. J. E. Wiseman, both of whom are ill at the present time; Mr. Joplin in his home at Somerset, Kentucky, and Mr. Wiseman at the Ephra'm McDowell Hospital in Danville. A report was made by Miss Amelia Yerkes of the fine job which Mrs. Massey has done as dietitian nt the Women’s College, following which it was voted that the secretary of the Board send a letter of appreciation to Mrs. Massey Adjournment ��EXECUTIVE COMMITTEE MEETING November 20, 1953 247 The meeting was called to order by the Chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were Messrs: Lanier, Wachs, Jones, Van Winkle, W. P. Caldwell, Logan Caldwell, Lively, and President Groves. The minutes of the Executive Committee Meeting of October 16, 1953, were approved as circulated. On recommendation of Mr. Logan Caldwell, Treasurer, it was voted that the business Manager, Mr. Arnicar, be authorized to borrow up to $20,000 from the Farmers National Sank, and $23,500 from the Citizens National Bank until January 15, 1954. Mr, Arnicar made the Business Manager’s report. On motion it was voted to receive and file the report. (See report attached.) Mr. Lively reported acceptance of appointment to the Board of Trustees by Mr. Paul G. Blazer of Ashland, Kentucky, and Dr. John R. Gosney of Danville, Kentucky. President Groves reported progress in planning for the Weisiger Art and Music Building, and preliminary drawings prepared by Mr. Robert Rader of the firm of Nevin and Morgan were presented and discussed. After hearing from the President concerning plans for commencement in June, 1954, it was voted that the work of the women’s college be emphasized in the commencement this year; due mainly to the fact that 1954 marks the centennial of the establishment of Henderson Institute, the parent institu­ tion of the women’s college. It was voted that Mr. Ike Lanier, Chairman of the Board, be authorized to appoint a committee to plan for a suitable endowment as a memorial to the late Chief Justice Frederick Moore Vinson. President Groves presented a proposal for a mailing campaign to raise necessary funds for regional honor scholarships, which proposal, on motion, was approved. On a recommendation presented by President Groves, which had previously been discussed with Dean Jones and Dr. Frank Heck, Head of the History De­ partment, it was voted that Mr. Dwight L. Ling, now completing work for his doctor of philosophy degree in history at the University of Illinois, and a member of the faculty of Centre College of Kentucky from 1949 through 1952, be granted a study allowance of $500.00 for the period of January 1, 1954 through August 31, 1954; and be further invited back to Centre College of Kentucky at a salary of $3500.00 per year beginning September, 1954, which salary is to be increased to $3600.00 a year immediately upon the completion of the work for the doctor of philosophy degree. The meeting adjourned. F. Pierce Lively Secretary �• -• ’ �248 i Budget Comparison Centre College of Kentucky, Operating Fund Income Student Fees General Fees Other Fees Endowment Unrestricted Real Estate (Unrestricted) Restricted Gifts-Church Boards & Churches Synod of Ky, U. S. Board of Christian Education Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria-Centre College Tea Room-K, C. W. Coffee Shop-Centre College Bookstore & Postoffice Other Hon-Educational Income Gifts-Living Endowment Ky. Independent Coll. Foundation Churches-Living Endowment Alumni & Alumnae Associations Student Activities Health Service Athletic Dept. Centre Scholarshins & Grants * Other Income Totals: Budget 1953-54 Quota Realized Over Oct.31,153 Oct.31153 (Under) 181,000.00 1,414,00 182,414.00 94,980.00 235.66 95,215.66 96,555.50 224.00 96,779.50 1,575.50 (11.66) 1,563.84 57,700.00 21,867.00 13,380.00 92,947.00 9,616.66 7,045.16 2,230.00 18,891.82 9.385.55 6,529.66 2,831.02 18,746.23 (231.11) (515.50) 601.02 (145.59) 14,000.00 8,400.00 22.400.00 2,333.33 1,400.00 3,733.33 1,890.00 2,139.76 4,029.76 (443.33) 739-76 296.43 20,425.00 2,475.00 11,875.00 5,700.00 64,395.00 41,562.00 3,500.00 16,000.00 18,500.00 184,432.00 10,500.00 1,125.00 6,150.00 1,140.00 11,374.86 9,575.22 750.00 2,913.68 11.291.83 54,820,59 12,132.00 12,500.00 7,000.00 18,000.00 3,500.00 2,010.00 12 ,210.00 34,845.00 6,500.00 108,697.00 2,022.00 833.95 (1,188.05) 2,083.33 .00 (2,083.33) (206.45) 1,166.66 960.21 3,000.00 1,500.00 (1,500.00) .00 3,500.00 3,500.00 2,010.00 2,010.00 .00 11,662.41 8,995.75 (2 ,666.66) 952.50 9,546.25 8,593.75 753.04 . 3.04 750.00 34,788,15 28,099.20 . (6,688,95) 175.00 10,675.00 1,104.50 (20.50) 6,148.66 (1.34) 1,106.07 (33.93) 11,374.86 .00 .00 9,575.22 .00 (750.00) 2,913.68 .00 11,291.83 _______ .00 54,189.82 . (630-77) 590,890.00 207,449-55 201,844.51 (5,605.04) ��249 Expenditures Administration and General Business Office Treasurer’s Office Dean & Registrar's Office Alumnae and Student Pro. , Women Dean of 'Women's Office Admission and Stu. Pro. Men General Expense Board of Trustees Instructional Instructional Expense Library Operation A Maintenance Endowment Heal Estate Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville pining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. W. Coffee Shop, Centre Bookstore & Postoffice Other Non-Eductional Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Men Scholarships & Grants Bus Service Housemothers, Fraternity Houses Central Stores Warehouse Totals: Budget 1953-54 Quota Oct.31'53 14,286,00 2 ,381.00 10,610.00 1.768.33 5,270.00 878.33 11,272.00 1,878.66 6,565.00 1,094.16 4,252.00 708.66 5,700.00 950.00 12,170.00 2 ,028.33 100.00 _____ 16.66 70,225.00 11,704.13 Expended Oct.31'53 2,770.92 1,829.34 874.12 2,179.10 915.00 665.I0 455.98 2,631.68 .00 12 ,321.24 . (Over) Under (389.92) (61.01) 4.21 (300.44) 179.16 43.56 494.02 (603.35) 16.66 (617.11) 144,264.00 14,840.00 67,520.00 13,643.00 240,267.00 24,843.00 2.873.33 11,253.33 2,273.83 41,243.49 14,875.00 2,085.00 200.00 9,767.00 0 * 500.00 61,195.00 39,484.00 3,325.00 15 ,200.00 _17,575.oo 168,706.00 2,704.54 2,299.47 405.07 415.00 181.57 233-^3 .00 33.33 33-33 (331-89) 2,285.29 1,953.60 1,000.00 (208.51) 1,208,51 11,143.54 11,657.84 (514.30) (360.01) 9.675.05 10,035.06 495.00 665.00 170.00 2,768.00 3,044.00 (276.00) 10.740.15 -10.740.15 ._______ .00 41,098.01 41,621.89 . (523.88) 8,790.00 13,685.00 3,500.00 2 ,010.00 14,777.00 67.255.00 3,110.00 1,800.00 1,235.00 116,162.00 2,366.98 2,939.99 2,280.83 2,392.32 700.00 700.00 370.00 207.95 7,244.95 7,237 00 33.543-75 33,5'3.75 390.00 277.33 375.00 375.00 205.83 ___ 171.00 _ 48,042.40 47.279.28 _ (280.37) 25,123.37 2,680.46 192.87 11,536.81 (283.48) 3 ,282.42 (1,008.59) 42 ,623.06 . (1.379.57) 595,360.00 142,088.03 143,845.47 573.01 (111.49) .00 162.05 (7.95) .00 112.67 .00 34.83 763.12 (1,757.44) ��250 Centre College of Kentucky Balance Sheet Statement—Operating Fund Assets Current Funds A. General Fund Cash in Bank Cash on Hand 16,031.37 1,885.00 17.916.37 1,550.00 19.640.88 Notes Receivable Accounts Receivable Due from Other Funds: From Farris Fund From Evans-Sumrall Sch. Fund 2,128.6h 5,103.75 Inventories Deferred Expense Prepaid Insurance 17,197.53 5,h66.01 20,439.31 Total Assets—Current Fund: Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld 0CT 3 1 1953 89,442.49 15.l46.36 13,160.87 4,087.50 111.80 92.70 463.27 33.062.50 Due Other Funds: Scholarship Fund Prize Fund D. K. E. House Fund 5.255.97 h,558.87 51.68 9,866.52 Prepaid Charges: Cafeteria Meal Tickets Board Charges, K. C. W. 13,100.16 l6.624.74 29.724.90 Reserves: Carnegie Educational Grants Gifts for Designated Purposes Research Program Athletic Department (6.72) 6,O45.OO 7,026.12 265.50 13.329.90 Agency Funds: Room Damage & Key Deposits Total Liabilities: Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at 10/31/53 200.50 86.l84.32 57,476.57 60,734.74 3,258.17 89.442.49 ��STATEMENT OF INCOME & EXPENSE CENTRE COLLEGE OPERATING FUND October 31, 1953 Educational & General (Schedules A-B) Auxiliary Enterprises Residence Halls, K. C. W. .Residence Halls, Wiseman Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. W. Coffee Shop, Centre Bookstore & Postoffice Other, Non Educational Gifts Gifts, Alumni Fund-Alumnae Student Activities. Health Service Athletic Dent., Centre Scholarships & Grants Other Income Expense, Endowment Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemothers, Frat Houses Central Stores Warehouses Income 122,602,39 Expense 51,661.88 10,675.00 1,104.50 6,148.66 1,106.07 11,374.86 9,575.22 .00 2,913.68 11,280.63 -54,178.62 2,299.47 181.57 2,285.29 1,208.51 11,657.84 10.035.06 170.00 3,044.00 10,740.15 41,621.89 1,794.16 1,200.00 3,500.00 2,010.00 8,995.75 9,546.25 753.04 700.00 207.95 7,244 95 33,543.75 27,799.20 Total Income-Expense Operating Gain at October 31, 1953 3,282.42 2,366.98 2,392.32 277.33 375.00 171.00 50,561,70 204,580.21 143,845.47 60,734.74 ��Schedule A Educational & General-Income Student Fees Tuition A Fees Other Fees Total Student Fees 96,555.50 224.00 Endowment Income Unallocated Endowment Income Real Estate, Unrestricted Total Endowment Income 15,263.117 6,529.66 Gifts, Church Boards Synod of Ky. , U. S. Board of Christian Education, U.S.A. 96,779.50 21,793.13 1890.00 2,139.76 4,029.76 122,602.39 Total Education & General Income Schedule B Educational & General-Expense President’s Office Business Office Treasurer’s Office Dean and Registrar’s Office Alumnae Office & Stu. Pro. Women Dean of Women's Office Admissions & Stu. Pro, Men General Expense Board of Trustees Total Administrative & General Instructional Expense Instruction Library Operation & Maintenance Total Educational A General Expense 2,770.92 1,829.34 874.12 2,179.10 915.00 665.10 455.98 2,631.68 .00 12,321.24 25,123.37 2,680.46 11,536.81 39,340.64 51,661.88 ��Statement of Profit & Loss Cafeteria, Centre College Month of October - 1953 Income: Students Employees Conferences Training Table Total Income Expense: Inventory, Beginning Purchases Total Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Utensils & Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs Supplies, Records, Etc. Exterminator Service Rents Total Expense Gain or (Loss): 5,597.65 272.00 Year to date to Oct.31,1953 15,869.65 6,901.74 562.00 469.28 1,642.20 9,575-22 820.50 3,609.03 4,429.53 862.80 3,566.73 284.21 6,513.88 6,798.09 862.80 5,935.29 185.00 910.00 8.36 27.00 60.85 35.70 5.75 9.10 26.79 33.93 52.15 189.03 3.05 20.00 258.33 5,391.77 477.88 . 370.00 1,818.00 103.00 12.59 27.00 60.85 165.10 9-25 44.40 . 59.06 52.35 52.15 189.03 3-05 18.69 20.00 516.66 9,456.47 118.75 9,575.22 ��Statement of Profit & Loss Dining Hall, K. C. W, Month of October, 1953 Income: Students Faculty & Officers Employees Conferences 7,034.69 159.52 697.12 Year to date to Oct. 31, 1953 1-7,891.33 Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel, Cooking Ice .Refrigeration Linens, Silverware, China Kitchen Utensils & Expense Janitor Supplies Laundry Electricity Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense Gain or (Loss): 8,646.58 319.04 1,364.24 1,045.00 11,374.86 815.15 4,259.21 5,074.36 871.90 4,202.46 534.48 6,561.89 7,096.37 871.90 6,224.47 264.33 1,599.00 93.00 161.05 18.00 7.60 163.60 2.61 30.00 34.60 17.82 64.23 34.50 9-14 20.00 350.00 8.96 7,080.90 810.43 7,891.33 528.66 3,117.50 93.00 218.37 18.00 7.60 177.36 2.61 30.00 42.37 23.65 64.23 34.50 9.14 20.00 700.00 8.96 11,320.42 54.44 11,374.86 ��EXECUTIVE COMMITTEE MEETING December 18, 1953 The meeting was called to order by the Chairman, Mr. Ike Lanier. Prayer was offered by Dr. John R. Gosney. Present were: Messrs. Lanier, Logan Caldwell, W. P. Caldwell, J. R. Gosney, Sam Jones, and F. P. Lively and President Groves. The minutes of the meeting of November 20 were approved as circulated. President Groves made a report on receipts for the Living Endowment Fund up to November 30, 1953 (see copy attached). Mr. Arnicar made the report of the business manager for current operations of the College up through November 30, 1953. On motion it was voted that the report be received and filed (see copy attached). President Groves made a brief report on the activities of the Kentucky Independent College Foundation. Receipts by the Foundation to date should pay expenses and still leave approximately $40,000 to be distributed among the eight colleges. Mr. Lisle Baker, Chairman of the Executive Committee of the Foundation, ia going to suggest that this distribution be made as soon as possible. Mr. Logan Caldwell reported on the solicitation of scholarship funds from Danville merchants. The report indicates considerable interest, and it appears that some good gifts will materialize in the near future. President Groves read a report from Mr. Ensminger, Alumni Secretary, con­ cerning the status of the 13th Alumni Fund at the end of the first week of solicitation. The report indicated that $5,483.00 was received from 210 con­ tributors. This compares width $3,021.50 from 138 contributors at the end of the first week of the 12th campaign a year ago. Mr. F. Pierce Lively made a report concerning the bequest of Dr. W, M, Rush of Fern Creek (Louisville) to Centre College of Kentucky, whereby on the settle­ ment of Dr. Rush’s estate, the College is to receive $2500 outright, and 24% of the remainder of the estate. These bequests by Dr. Rush are designated for ’’Christian education". Mr. F. P. Lively, at the request of Mr. Ike Lanier, Chairman of the Execu­ tive Committee, filed an opinion concerning the use of the income on the balance of approximately $55,000 unspent in the Wiseman Memorial. On the basis of this opinion, it was voted that the business manager be instructed to charge against the income on the Wiseman Memorial all costs in connection with the operation and upkeep of the Wiseman Building. President Groves reported on the proposed Vinson Memorial as drawn up by Professors Heck and Gattis. The Executive Committee heartily endorsed this proposal, and Mr. Lanier announced the appointment of the following committee �#aa*xtiR> io 1 n. uofu/i er^ft z'i ->&f b 3 Jo; w • flpui i .; r 'a $tk>.;e*i t<(> ibca ia?Ja*xr .0 ‘ ."d h 7 ■ l‘ t < • . fp . d? * J noli oHJ .no 1 ?abflooT tr^e/IcO taah 'wrr*T e/ «£•. ba#irtfH*»lb 000,0- ; j;£«J.stxttiqqa &vbsI Utt* ban »»efioqTy odt 1*» * »J?2smc? erlinsaou. art? ':o x^-ak. dr «leaf £ alalJ .*xM :*. *if ; ' ‘ ' ’ l«?i b r* ’ ' ’ io* of : lit .B6toIIoo 9 ,^’ilr ♦ eOflrraq ”/j Hsl/ott ■'£.* an ro^ioqei IlwblaS n od 9r , .• • wHoai - ^i-<^ic oa.t js >n . al ^T?-pa SC • c< f < ?<* 0' . lS . ?• *^b» < • •*"*’; ’ Fn* •1“‘ ; * ■ •xol esJarjlieb rxa d«efi .t1 &a«riT fJB nia > au .-re;-, as n.?r^ ■'V Ilfi ’ TC.” • • V •’* r fl’ '■ »xl ft fsr: . ,•»■■'..•• 1': '-’’ ' U.'t'ioc l^i^LLz-. , - - ' l .- ’ .?nv *4*1 y.' .:■. ,’a^ :2V 1-, ’ ■ ^»o m- •»* /r... .- ..?• > « o? 1* •■’"■;’■ ..,.}• i r * ft« .jfr ’J. .‘a .r a aovoa ' .\ ijn^ 13 alu -'• aplF •/’’ •T.t.,- ’ 5 lahcJace-: ».:4 ,*x] ui ■ 3? ' J 3- jiwMr-.i-. Jbca *JjWnqOr �-2- on the Vinson Memorial: Messrs. George Lee of New York City. Emmett O'Neal of Washington, D. C.; Paul G. Blazer of Ashland, Kentucky; Elbert Sutcliffe of Louisville, Kentucky; Lawrence Hager of Owensboro, Kentucky; Fred Wachs of Lex­ ington,Kentucky; Logan Caldwell of Danville; Richard Williams of Somerset; Henry Nichols of Danville; Chauncey Newland of New York City; and Ike Lanier of Cincinnati, Ohio. Following the announcement of the appointment of this committee, there was a discussion of ways and means of getting the project started. President Groves reported progress on a comparative study on facuity salaries and other matters among forty-three senior colleges - twelve within the state of Kentucky and thirty-one outside the state of Kentucky - located in Tennessee, Ohio, Indiana, Illinois, Missouri, Virginia, and North Carolina; which colleges are all institutions comparable in one respect or another to Centre College of Kentucky. Final results of this study are to be announced later. President Groves reported the receipt of a letter from the acting-president of Mary Baldwin College of Staunton, Virginia, offering a full scholarship to the daughters of members of the faculty of Presbyterian colleges related to the Presbyterian Church in the U.S. In view of this offer, it was voted that * Centre College of Kentucky make a similar offer of a scholarship worth $450 each per year to the sons and daughters of members of the faculty of Mary Baldwin College. It was moved that Mr. Logan Caldwell be authorized to pay for the organ purchased in the fall, and the recording equipment - the latter totalling $900.40 - from the funds of the Weisiger Bequest for equipment for the Weislger Art and Music Building or from whatever other sources are convenient. President Groves reported the following tentative football schedule as ar­ ranged by Mr. Briscoe Inman, Director of Athletics, for the fall of 1954 September October October October October October November ... November 25 2 9 16 23 30 6 13 Otterbein Maryville Carson-Newman Southwestern University of Louisville Hanover (Homecoming) Sewanee Washington and Jefferson away home home away away home away home After a discussion of the work of the Athletic Committee, and also the posslbility of faculty housing and other items of interest, the meeting adjourned. F. Pierce Lively Secretary �•« r. £>!•■ v I te < Hi®#! *>rf* •'»<*’ 0 ’'•reJd'jflBJ bzui en^a fJ r* ta»\ yf^vi; ?cit t~ ..' 'r*-' �Report of Dec. 18, 1953 1. Individuals - Unrestricted Total budgetted Balance to "be raised 2. 5. 6. 3,150.00 15,000.00 11,850.00 3,600.00 8,150.00 4,550.00 3,375.00 12,500.00 12,500.00 Total budgetted Balance to be received 5,934.00 5,934.00 0.00 K.I.F.C. 0.00 25.423.00 21,198.00 Total budgetted Balance to be raised 2,139.76 4, 225.00 Scholarships 5,500.00 4,312.51 14,000.00 12.102.48 Total budgetted Balance to be received 1,187.49 1,897.52 Synod of Kentucky - U.S. 1,278.54 8,400.00 6,260.24 Presbyterian Board - U.S.A. 15,000.00 9,682.00 7,000.00 5,721.46 Presbyterian Churches - U.S.A. Total budgetted Balance to be received 4. To Nov, 30, 1953 5,318.00 12,132.00 10,982.00 Total budgetted Balance to be raised 3. To Nov. 30, 1953 1,150.00 25,000.00 21,625.00 SUMMARY OF LIVING ENDOWMENT - 1953-1954 Budget ted 1. 2. 3. 4. 5. 6. Received Bal. Needed Individuals Pregby. Churches - U.S.A. Pregby. Bd. - U.S.A. Synod of Ky. - U.S. Scholarships K.I..F.C. 12,132.00 7,000.00 8,400.00 14,000.00 25,423.00 12,500.00 1,150.00 1.278.54 2,139.76 1,897.52 4,225.00 0.00 10,982.00 5,721,46 6,260.24 12,102.48 21,198.00 12,500.00 Totals 79,455.00 10,690.82 68,764.18 ��Centre College of Kentucky Balance Sheet Statement Operating Fund Assets Current Funds A. General Fund Cash in Sank Cash on Hand 1,104.60 1,285.00 2,389.60 1,550.00 12,761.30 Notes Receivable Accounts Receivable Due from Other Funds: From Farris Fund From Evans-Sumrall Sch. Fund November 30,1953 3,849.79 5,103.75 Inventories Deferred Expense Prepaid Insurance Suspense Account 8,953.54 17,250.39 5,924.18 19,235.82 6.72 Total Assets-Current Fund: 66,071.55 Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld Borrowed Money 8,753.99 13.070.52 4,089.93 111.80 92.70 396.09 20.000.00 46,515.03 Due Other Funds: Scholarship Fund Prize Fund D. K. E. House Fund Prepaid Charges: Cafeteria Meal Tickets Board Charges, K. C. W. Reserves: Carnegie Educational Grants Gifts for Designated Purposes Research Program Athletic Department Agency Funds: Room Damage & Key Deposits Total Liabilities: Surplus & Deficit Account: Accumulated Operating Deficit Operating Goin at November 30, 1953 5,255.97 4,608.87 51.68 9,916.52 8,076.96 10,407,45 18,484.41 .00 4,610.00 7,026.12 301,85 11,937.97 200,50 87,054.43 57,476.57 38,493,62 18.982.8J 68.071.55 �i;‘; Jjpff ' .t : bfWt * orir1V / f? * L~x ?-. - x '. ’ •*. r •? • ■ V U .- ' r o :y • .v .! £ * ? •'•’• ' . .. . -3 > i. •, stalled >nHaieqO be/alirmro^A �Statement of Income & Expense Centre College Operating Fund Income Educational & General Expense Auxiliary Enterprises Residence Halls, K, C. W. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. W. Coffee Shop, Centre Bookstore & Postoffice Other, Non Educational Gifts Gifts, Alumni Fund-Alumnae Student Activities Health Service Athletic Dept., Centre Scholarships & Grants Other Income Expense, Endowment Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemothers, Fraternity Houses Central Stores Warehouse November 3O, 1953 Expense 128,606.63 76,614.70 10,720.00 1,104.50 .00 6,200.49 1.855-07 18,359.85 15,112.28 555.87 4,810,37 12,510.69 71.229-12 3.531-82 252.50 41.86 3.078.15 2,102.12 17 ,930.03 14,937.27 752.00 4,578.05 11,801.07 59,004.87 2,647.49 1,500.00 3,500.00 2,101.00 10,066.75 11,706.25 1.214.2J 930.00 329.76 9,404.78 35,018.75 32,644.72 Total Income-Expense: Operating Gain at November JO, 1953 See Schedules Attached 4.236.07 3,267.97 3.837.37 405.65 625.00 311.86 58.367.21 232,480.47 193.986.78 38.493.69 232 ,480.47 �• fi . V • • ’ sa.xce.E J8.: - ? .81.'’*3 »?’•?.£rfcf .erllcH eonr 1 . • « - . . •4 ' <1 8* .■**.? T •o . . ; * e ' - ■ - . . * a ■.. ;?x : ; . >• -J ■j^.-xLg AiaO sn-,,'TOt?C �260 November 30, 1953 Schedule A Educational & General Student Fees Tuition & Fees Other Fees Total Student Fees 96,995.00 280.00 Endowm Income ent Unallocated Endowment Income Heal Estate, Unrestricted Total Endowment Income 19,989.86 7.304,49 Gifts-Church Boards Synod of Ky. U. S. Board of Christian Education, U.S.A. 97,275.00 27.294.35 1.897.52 2.139.76 4,037.28 128,606.63 Total .Education & General Income Schedule B Educational & General-Expense Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office & Stu. Pro. Women Dean of Women’s Office Admissions & Stu. Pro. Men General Expense Board of Trustees Total Administration & General Instructional Expense Instructional Library Operation & Maintenance Total Educational & General Expense 4,224.52 2,780.90 1,093.11 2,921.45 1,417.27 1,008.81 1,149.56 3.550.25 ________ .00 18,145.87 37,095.05 4,687.12 16,685.86 58,468.83 76,614.70 ��Statement of Profit & Loss Cafeteria, Centre College Month of Nov.1953 Income: Students Employees Banquets & Dinners Conferences Training Table Total Income Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Utensils & Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs Supplies , Records, Etc. Exterminator Service Rents Total Expense: Gain Year to Nov.30,1953 5.537.06 12,125.06 809.00 66.74 469.28 1,642,20 15,112.28 862.80 3,33l.55 9,199.35 790.19 3,404.16 284.21 9.815 43 10,129.64 ....,2902 9.339.95 I85.00 910.00 715.00 2,568.00 103.00 41.42 63.00 60.85 165.10 9.25 62.90 92.74 103.18 52.15 238.52 3.05 18.69 20.00 779.99 14,431.29 680,99 15.112.28 5.223.32 247.00 66.74 28.83 36.00 18,50 33.68 50.83 49.49 258.33 4,974.82 562,24 5.537,06 ��Statement of Profit & Loss Dining Hall, K. C. W. Month of Nov.1953 Income: Students Faculty & Officers Employees Conferences Year to Nov.30,1953 6,984.99 Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel, Cooking Ice Refrigeration Linens, Silverware, China Kitchen Utensils & Expense Janitor Supplies Laundry Electricity Water Heating Repairs Telephone & Telegraph Exterminator Service Rente Uniforms Total Expense Gain 14,740.03 504.46 2,070.36 1,045.00 18,359-85 871.90 3.756-36 4,628.26 680.18 3,948.08 534.48 10,318.25 10,852.73 680.18 10,172.55 264.33 1,668.00 792.99 4,785.50 93.00 218.37 18.00 7.60 177.36 5.49 30.00 76.35 50.97 132.19 92.22 34.50 18.28 20.00 1,050.00 8,96 17,784.33 ____ 575^52 18.359.85 6.093.45 185.42 706.12 2.88 33.98 27.32 132.19 27.99 9.14 350.00 6,463.91 521.08 6.984.99 �: sac?. 1 - tVi • vj • ■ : seoaeisln &' -(n ■£<;.. /r ’ :ri>X, �Budget Comparison-Centre College of Kentucky Operating Fund Budget Income Student Fees General Fees Other Fees Endowment Unrestricted Heal Estate (Unrestricted) Restricted Gifts-Church Boards and Churches Synod of Kentucky, U. S. Board of Christian Education Auxiliary enterprises Residence Halls, K. C. W, Residence Halls, Wiseman Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre College Tea Room, K. C. W. Coffee Shop, Centre College Bookstore & Postoffice Other Non-Educational Income Gifts-Living Endowment Ky. Independent Coll. F’dation Churches-Living Endowment Alumni & Alumnae Associations Student Activities Health Service Athletic Dept. Centre Scholarships & Grants Other Income Totals: Quota Realized Over Nov.30'53 Nqv.30'53 (Under) 181,000.00 1,414.00 182,414.00 94,980.00 ____ 351,10 95.333-50 96,995.00 280,00 97.275.00 2,015.00 (73-50) 1,941-50 57,700.00 21,867.00 13 ,380.00 92,947.00 12,425-00 7,894.49 2,787.50 23,106.99 13,458.53 7,304.49 2,812.23 23.575.25 1,033.53 (590.00 24,7 468.26 14,000.00 8,400.00 22,400.00 3,500.00 2,100.00 5,600.00 1,897.52 2.139.76 4.037.28 (1,602.4839.76 (1,562.72 20,425.00 2,475.00 11,875.00 5,700.00 64,395.00 41,562.00 3,500.00 16,000.00 18,500.00 184,432.00 10,635.00 1,125.00 6,305.49 1,710.00 18.359.35 15,112.28 1,050.00 4,810.37 12,510.69 71.618.18 10,720.00 1,104.50 6,200.49 1.855.07 18,359-35 15.112.28 555.87 4,810.37 12,510.69 71,228.62 85.00 (20.50) (105.. 00) 145.07 .00 .00 (494.13) .00 .00 (389.56) 12,132.00 12,500.00 7,000.00 18,000.00 3,500.00 2,010.00 12,210.00 34,845.00 6.500,00 108,697-00 3.033.00 1,368.95 .00 3,125.00 1,750.00 1,278.54 1,500.00 4,500,00 3,500.00 3,500.00 2.010.00 2,010.00 11,681.00 10,066.75 10,387.00 11,706.25 1,175.00 . 1,214.23 41,161,00 . 32 ,644,72 (1,664.05) (3.125.OO) ( 471.46) (3,000.00) .00 .00 (1,614.25 1,319.25 _____ 39.23 (8,516.28 590,890.00 236,819.67 228,760.87 (8,058.80) ��264 Expend.! tures Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae & Student Pro., Women Dean of Women’s Office Admission & Student Pro., Men General Expense Board of Trustees Instructional Instructional Expense Library Operation & Maintenance Endowment Real Estate Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C, Coffee Shop, Centre Bookstore & Postoffice Other Non-Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Men Scholarships & Grants Bus Service Housemothers, Fraternity Houses Central Stores Warehouses Totals: Budget Deficit at 11-30-53 Budgeted Deficit 1953-54 Budget 1953-54 Quota Nov.30’53 Expended Nev.30'53 Over (Under) 4,224.52 3,571.50 2,652.50 2,780.90 1,317.50 1,093.11 2,921.45 2,818.00 1,417.27 1,641.25 1,008.81 1,063.00 1,425.00 1.149.56 3.550.25 3.623.75 _ 25.00 ________ .00 18,137.50 18,145.87 (653.02; (128.40) 224.39 (103.45) 223.98 54.19 275.44 73.50 25.00 (8.32. 144,264.00 14,840.00 67,520.00 13,643.00 240,267.00 36,066.00 4,710.00 16,880.00 3,410.75 61,066.75 35.586.85 4,687.12 16,685.86 4,236.07 61.195.90 479.15 22.88 194.14 (825.32: 129.15 14,875-00 2,085.00 200.00 9.767.00 5,000.00 61,195.00 39,484.00 3,325.00 15,200.00 17,575.00 168,706.00 3,718.75 521.25 50.00 2,441.75 1,500.00 17.587.58 14,862.65 997.50 4,569.86 11.635.19 57.884.53 3,531.82 252.50 41.86 3,078.15 2,102.12 17,930.03 14,937.27 752.00 4.578.05 11,801,07 59.004.87 186.93 268.75 8.14 (636.40) (602.12) (382.45) (74.62) 245.50 (8.19) (165.88) (1,120,34' 3,267.97 2,909.99 3.837.37 3,421.25 930.00 930.00 329.76 502.50 9,404.78 9.381.75 35.018.75 35.018.75 405.65 585.00 625.00 625.00 311.86 308,75 53.682,99 190,771.77 192,477.78 (357.98) (416.12 .00 172.74 (23.03 .00 179.35 .00 (3.11; <448.19 (1.706.01) (9,764.81) 14,286.00 10,610.00 5,270.00 11,272.00 6,565.00 4,252.00 5,700.00 12,170.00 100.00 70,225.00 8,790.00 13,685.00 3,500.00 2,010.00 14,777.00 67.255.00 3,110.00 1,800.00 1,235.00 116,162.00 595.360.00 (4,470.00) ��EXECUTIVE COMMITTEE MEETING 265 January 15, 1954 The meeting was called to order by the Chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were: Messrs. Lanier, Wachs, Gosney, Lively, Logan Caldwell, and President Groves. The minutes of the Executive Committee meeting of December 18, 1953, were approved as circulated. Mr. Logan Caldwell reported that the Baldwin Organ has been paid for from income from the endowment for the Weisiger Memorial Building. Mr. Caldwell also reported that he expected to be able to pay for the recording equipment, ordered for the Weisiger Music Building, from $900 of income from the same funds due some time in April, 1954. Mr. Caldwell reported that an additional $20,000 has been received from the Weisiger Estate, which, added to the $115,000 already received, makes the total for the endowment for the Weisiger Art and Music Building $135,000 at the present time. Mr. Caldwell also reports that there will be a further small settlement, which will be the final settlement, to be received at a future date, Mr. Caldwell reported an offer to purchase 31/2 acres of the Womens’ College Campus for approximately $5000 by Messrs. John Horky and A. N. Galbreath. On motion it was voted that this matter be referred to the Buildings and Grounds Committee, and that this committee prepare a recommendation to the Executive Committee at a future meeting. It was the consensus that if it is decided to sell this tract, the City of Danville be given the first refusal. Mr. Arnicar made a report of the operating fund of the College as of Decem­ ber 31, 1953 (see copy attached). On motion it was voted to receive and file this report. President Groves read a report from Mr, Bob Ensminger, Alumni Secretary, which shows that 642 alumni and alumnae have paid in cash and pledges on the 13th Alumni (ae) Fund $12,666.00 to date. At the same date a year ago, 685 alumni and alumnae had paid in cash and pledges $16,353.50. It was pointed out that part of this difference came from one $2500 gift received a year ago which has not been received this year. Likewise, mailings for the 12th Fund a year ago went out earlier than this year’s mailings, so that the Alumni Office feels that the goals attained a year ago will be attained again this year. President Groves rend a report from Mr. Leech, Director of Admissions, showing that to date applications have been received from 30 men and 34 women for the spring and fall of 1954, as compared with applications from 17 men and 29 women at the same date a year ago. The totals to date for this year are 64 applications. The totals for the same date a year ago were 46 applications. President Groves reported on the Living Endowment Fund as of December 31, 1953 (see copy attached). On motion it was voted to receive and file this report. ��-2- 266 In response to a letter from Dr. Willi m A. Benfield, Jr., Co-chairman of a the Capital Funds Campaign Committee of the Synod of Kentucky of the Presbyterian Church in the U.S., the business manager of the College was authorized to advance up to $1500.00 during the month of February for Centre College’s share of the preliminary expenses of the Fund Drive. President Groves made a report on the salary situation of faculty and administration of Centre College, pointing out the following: 1. The study of salaries now being paid to faculty and administrative officers by 28 small, good, liberal arts colleges in Tennessee, Ohio, Indiana, Illinois, Missouri, Virginia and North Carolina, indicates that Centre’s present salary scale is considerably below that of these institutions. (A list of these institutions is attached, and also there is attached a summary of the reports from those institutions concerning their salaries.) 2. A bulletin of December, 1953, from the National Education Associa­ tion on the subject of faculty salaries indicates a similar situation; namely, that Centre’s salaries are below those of institutions of its size and class. 3. This salary situation must be corrected if Centre is to continue to attract to its faculty the kind of people which it has maintained in the past. 4. All recent surveys of the College, including that of the Phi Beta Kappa Association, have criticized the College for its low salaries. 5. Though the funds are not now in sight to grant the increases recom­ mended, still the prospects for an improved enrollment in the second semester indicate that instead of the anticipated deficit of $4000, there may be a slight surplus this year on the basis of present budget esti­ mates, i.e. also including present salaries. 6. The prospects for an additional fifty students for 1954-1955 means that the College will have an additional income of $25,000, at least, from which it may take care of increases in faculty salaries next year; and also, if necessary, pay off any deficit incurred this year. 7. But should salary increases be granted this year even in the face of increasing the possible deficit of the College of $7,493.75 such a situation is a good basis of appeal which can be made to several indi­ viduals and foundations to get their assistance to meet such a deficit. • Following a full discussion of all of the above—mentioned factors, as well as others, on the recommendation of President Groves and the concurrence of Dean Jones (who was asked to attend the meeting while this subject was under discussion '), it was voted that the salaries recommended (see attached list) be adopted as of March 1, 1954; and that this action of the Executive Committee be circulated among the Full Board for their endorsement, with the understanding that the salary of Professor Steere is to be negotiated separately. The list of new salaries ns proposed is attendant. ��President Groves presented, a cornparison of income and. expenditures for 1941 1942, 1947-1948, 1952—1953 and 1953-1954' (see attached). It was pointed out * th^t such a comparison brings in clear light the over-all effects of the present scholarship policy of the College, In view of the prospects for an increase in enrollment, and also in view of the over-all picture presented by the present scholarship policy, whereby though student fees charged for educational purposes are $500, the amount collected is only $352.44, a careful re-study of scholar­ ship grants and scholarship policy should be made with a view to making more use of scholarship loan funds in the future for those needing help with tuition and other educational costs. Adjournment F. Pierce Lively Secretary ��Centre College of Kentucky Balance Sheet Statement Operating; Fund Assets Current Funds A. General Fund Cash in Bank Cash on Hand 15,009.95 1,550.00 100.50 3.892-36 5.108.75 9,001.11 16,628.97 5,520.90 18,112.20 Inventories Deferred Expense Prepaid Insurance 65.924.33 Total Assets—Current Fund: Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld Borrowed Money December 31, 1953 13.724.95 1,285.00 Notes Receivable Accounts Receivable Due from Other Funds: From Farris Fund From Evans-Sumrall Sch. Fund 268 6,463.08 12,661.73 3,835.53 165.60 106.70 558.29 33,500.00 57,290.93 Due Other Funds: Scholarship Fund Prize Fund D. K. E. House Fund 9 *7 5,255 4,608.87 51.68 Prepaid Charges: Cafeteria Meal Tickets Board Charges, K. C. W. General Fees, 2nd Semester 4,533-35 6,262.59 1,089.77 Reserves: Gifts for Designated Purposes Research Program Athletic Department 3,300.00 7,026.12 320.40 Agency Funds: Room Damage & Key Deposits Total Liabilities: Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain nt Dec.31, 1953 9.916.52 11,885.71 10,646.52 200.50 89,940.18 57.476.57 33, 46.0.72 24,015.65 24,015.85 65.924.33 ��269 Statement of Income & Expense Centre College Operating Fund December 31, 1953 Income Educational & General Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. W. Coffee Shop, Centre Bookstore & Postoffice Other, Non Educational Gifts Gifts, Alumni Fund-Alumnae Student Activities Health Service Athletic Dept., Centre Scholarships & Grants Other Income Expense, Endowment Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemothers, Frat. Houses Central Stores Warehouse Total income-expense Operating Gain at Dec. 31, 1953 See Schedules Attached Expense 147.576.39 100,489.35 10,765.00 1,104.50 4,998.30 534.61 41.86 3.764,35 2,559.73 23,217.78 18,943.53 1,343.67 6,297.13 12.536.65 74,232.61 6,218.98 2,535.57 23,461.35 19,105.98 945.19 6,497.70 13,102.74 83,737.01 8,754.82 1,500.00 3,500.00 2,010.00 10,199.75 17,430.75 1,585.91 1,130.00 438.74 10,985.27 39,218.75 44.981,23 5.398.23 4,035.13 5.199.81 531-66 825.00 399.36 68,111.95 276,29^.63 242,833.91 33,460.72 276,294.63 �c t •• \ OO.MK.M < > ac-o^slV eMornc&KaM . b :i . J I \H ■ ’?’’S3 h-2r!C;I 1 xo I <• -C, V I '' . . * -• • \ oidnoO ,f • - -A 41 • ■ ' *■ c Xd.SCS.^V ‘3 .' <. •. • ‘1UT ’ •• 1 ♦ ’• ' ’ t 0.9G£ : 00. OU. I eoidivH^A dnobifjS « 1 VS.£8?.0I aJrtsiO A 1 ^coonl *isa10’ -•K . ‘ " • U.^0.4i ooint'8 M< 1 , ‘ *’ I V. *e-tt8,ws •* �December 31, 1953 Schedule A Educational & General Student Fees Tuition & Fees Other Fees Total Student Fees 96.748.50 431,50 Endowment Income Unallocated Endowment Income Heal Estate, Unrestricted Total Endowment Income 33,264.70 8,354.62 97,180.00 41,619.32 Gifts-Church Boards Synod of Ky., U. S. Board of Christian Edu. U.S.A. 6,637.31 2,139.76 8,777.07 147,576.39 Total Education & General Income Schedule B Educational & General-Expense Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office & Stu. Pro. Women Dean of Women’s Office Admissions & Stu. Pro. Men General Expense Board of Trustees Total Administration & General Instructional Expense Instruction Library Operation & Maintenance 5,358.88 3,607.98 1,644.20 3,735.20 1,904.40 1,355.82 1,467.93 4,202.69 .00 48,438.00 5 ,501.97 23,2 72. .28 Total Educational & General Expense 23,277.10 77,212.25 100,489.35 ��Statement of Profit & Loss Cafeteria, Centre College Month of Dec.1953 Income: Students Employees Banquets & Dinners Conferences Training Table Total Income Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of food Sold Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Utensils & Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs Supplies, Records, Etc. Exterminator Service Rents Total Expense: Gain or (Loss): Year to Dec.31,1953 3.993.70 15,808.26 1,119.50 66.74 469.28 1,642.20 19315.98 0 790.19 2 ,082.0 4 * 2,872.23 606,07 2,266.16 4 *.21 28 11,927. 4 *7 12,211.68 606,07 11,605.61 185.00 1,068.50 10.00 900.00 3.636.50 113.00 *41. *2 4 63.OO 257.35 165.10 9.25 81.95 121.62 163.61 52.15 316.05 3.05 18.69 *40.00 1.033.32 18,621.67 4 *.31 *48 19.105.98 3,683.20 310.50 196.50 19.05 28.88 60. *-3 4 77.53 20.00 258,33 *1,190.38 (196.68) 3.993.70 �* « �Statement of Profit & Loss Dining Hall, K. C. W. Month of Dec,1953 Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel, Cooking Ice Refrigeration Linens, Silverware, China Kitchen Utensils & Expense Janitor Supplies Laundry Electricity Water Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense: Gain or (Loss): 4,144.86 159.52 797.12 5,101.52 Income: Students Faculty & Officers Employees Conferences Year to Dec.31,1953 18,884.89 663.98 2,867.48 1,045.00 23,461.35 680.18 2,328.32 3,008.50 650.00 2,358.50 534.48 12,646.57 13,181.05 650.00 12,531.05 264.33 1,917.50 32.00 101.26 9.00 6.50 2.10 3.76 1,057.32 6,703.00 125.00 319.63 27.00 14.10 179.46 9.25 30.00 100.43 82.79 132.19 236.99 53.75 27.42 40.00 1,400.00 32.88 23,102.26 359,09 23,461.35 24.08 31.82 144.77 19.25 9.14 20.00 350.00 21.92 5,317.93 (216.41) 5.101.50 ��Budget Comparison-Centre College of Kentucky Operating Fund Budget 1953-54 Income Student Fees General Fees Other Fees Endowment Unrestricted Real Estate (Unrestricted) Restricted Gifts-Church Boards & Churches Synod of Ky., U. S. Board of Christian Education Auxiliary Enterprises Residence Halls, K. C. W. .Residence Halls, Wiseman Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre College Tea Room, K. C, W. Coffee Shop-Centre College Bookstore & Postoffice Other Non-Educational Income Gifts-Living Endowment Ky. IndependentColloge F’dation Churches-Living Endowment Alumni-Alumnae Associations Student Activities Health Service Athletic Dept,, Centre Scholarships & Grants Other Income Totals: 181,000.00 1.414.00 182,414.00 57,700.00 21,867.00 13,380,00 92,947.00 14,000.00 8,400,00 22,400.00 Quota Realized Dec.31 '54 Dec.31 5 *3 Over (Under) 96,748.50 431.50 97,180.00 . 1,768.50 (157.66) 1,610,84 19,233.33 22,356.02 8,354.62 8,944.62 4,671.40 . 4,460.00 32.637-95 . 35.382.04 . 3,122.69 (590.00) 211.40 2,744,09 94,980.00 589.16 95.569.16 4,666.66 2,800.00 . 7,466.66 6,637.31 2,139-76 . 8.777.07 . 1.970.65 (660,24) 1,310.41 20,425.00 2,475.00 11,875-00 5,700.00 64,395.00 *11,562.00 3,500.00 16,000.00 18,500.00 184, 4 *-32.00 10,680.00 1,125.00 6,357.32 2,080.00 23,461.35 19,105.98 1,400.00 6,497.70 13.135.16 83,842.51 10,765.00 1,104.50 6,218.98 2,535-57 23,461.35 19.105.98 945.19 6,497.70 13.135.16 83.769.43 85.00 (20.50) (138.34) 455.57 .00 .00 (454.81) .00 .00 (73.08) 12,132.00 12,500.00 7,000.00 18,000.00 3,500.00 2,010.00 12,210.00 34,845.00 6.500.00 108,697.00 4,044.00 4,166.66 2,333.33 6,000.00 3,500.00 2,010.00 11,864.54 12,181.25 1,525.00 47,624,78 1,693.95 5,000.00 2,060.87 1,500.00 3 ,500.00 2,010.00 10,199.75 17 , 430.75 1.585.91 44.981.23 (2,350.05) ** 833.3 (272.46) (4,500.00) .00 .00 (1,664.79) 5,249.50 60.91 (2.643,55) 590,840.00 267,141.06 270,089.77 2,948.71 ��Expendiaturcs Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae & Student Pro. Women Dean of Women’s Office Admission & Student Pro. Men General Expense Board of Trustees Instructional Instructional Expense Library Operation & Maintenance Endowment Real Estate Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. W. Coffee Shop, Centre Bookstore & Postoffice Other Non-Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Men Bus Service Scholarships & Grants Housemothers, Fraternity Houses Central Stores Warehouse Totals: Budget Gain at 12-31-53 Budgeted Deficit: 1953-5^ Budget . 1953-54 Quota Dec.31’53 Expended Dec.31'53 (Over) Under 14,286.00 10,610,00 5,270,00 11,272.00 6,565.00 4,252.00 5,700.00 12,170.16 100.00 7c.225.cc 4,762.00 5,358.88 3,607.98 3,603.33 1,756.66 1,644.20 3,735.20 3,757.33 1,904.40 2,188.33 1,417.66 1,355.82 1,900.00 1,467.93 4,240.00 4,202.69 _____ 33.33 .________.00 23,658.64 23,277.10 . (596.88) (4.65) 112.46 22.13 283.93 61.84 432.07 37.31 33.33 381.54 144,264.00 14,840.00 67,520.00 13,643.00 240.267.00 50,159.00 48,438.00 5,746.66 5,501.97 22,983.33 23,272.28 4.739.33 . 5.348.23 . 83.628.32 82.560.'18 . 1,721.00 244.69 (288.95) (608.90) 1,067.84 14,875-00 2,085.00 200.00 9,767.00 5,000.00 61,195.00 39,484.00 3,325.00 15,200.00 17.575.00 168,706.00 5,118.33 735.00 66.66 3,355.66 2,000.00 22,288.29 18,150.69 1,330.00 6,172.82 12,488.41 71,705.86 4,998.30 534.61 4l. 86 3,764.35 2,554.73 23,102.26 18,621.67 1,343.67 6,297.13 12.153.67 73,795.23 120.03 200.39 24.80 (408.69) (554.73) (813.97) (470.98) (13.67) (124.31) (48.24) 2,089.37) 8,790.00 13,685.00 3,500.00 2,010.00 14,777.00 3,110.00 67,255.00 1,800.00 1.235,00 116,162.00 4,056.78 4,561.66 1,130.00 470.00 9,863.33 780.00 39,218.75 825.00 411,66 61,217,18 4,035.13 5,199.81 1,130.00 438.74 10,985.27 531.66 39,218.75 825.00 399,36 62.763,72 21.65 (638.15) .00 31.26 (1,121.94) 248.34 .00 .00 12.30 (1,546,54) 240,210.00 242,396.53 ( 2,186.53) 762.18 595,360.00 (4,470.00) ��LIVING ENDOWMENT September 1 to December 31, 1953 Budgetted Individuals (Unrestricted) Presby. Churches - U.S.A. Presby. Bd. - U.S, A. Synod of Ky, - U.S, Scholarships K.I.C.F. • 12132.00 7000,00 8400, 00 14000,00 25423.00 12500.00 79455.00 To Dec. 31, 1953 2475.00 2060.87 2139.76 6637.31 7649,50 5000,00 25962,44 To be raised 9657.00 4939.13 6260.24 7362.69 17773.50 7500.00 53492.56 To Dec. 31. 1952___________ 7178.00 2926.68 10795.50 4100.00 6300.00 31300.18 ��Enrollment Carson-Newman College 1522 Southwestern at Memphis 482 University of the South (Sewanee)______ 487 College of Wooster 1009 Denison University 1236 Kenyon College 431 Marietta College 701 Muskingum College 696 Ohio Wesloyan University 1947 V/ittonbcrg College______________________ 960 DcPauw University 1738 Earlham College 634 Hanover College 595 'Wabash College___________________________ 504 Augustana College 967 Illinois College 254 Illinois Wesleyan University 701 Knox College 775 Lake Forest College 641 Monmouth College_____________________ 537 Lindenwood College for Women 361 Park College 329 Westminster College_________________ 321 Hampden-Sydney 318 Raldolph Macon Women1s College 619 Washington & Leo University 1008 Davidson College 824 Guilford College_________________________ 493 High 1947 Low 254 Median 696 Average 748 Centro College of Kentucky 394 �Approved by AAU Phi Beta Kappa 697000. 2737325. 3594965.51 3600000. 4670763. 2436630.24 1750000. 1057420. 5291250. 2505534. 7561000. 1702937.71 1502000. 5000000. 2000000. 1818614. 2136762. 4007224.17 1360000. 1450000. 2796416.80 2100000. 620000. 1294627. 1394222.35 5302000. 7023000. 1110126.99 7561008. 620000. 2787325. 2020240.63 Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No Yes Yes Yes Yes Yes Yes Yes No Yes Yes Yes Yes Yes Yes No No Yes Yes Yes Yes Yes Yes No Yes No Yes No No Yes Yes Yes No Yes Mo No No Ko No Yes Yes Yes Yes No 2501550.64 Yes No Total Endowment _ ____ _ ___________ ��Present Salaries 1953-1954 J ones Rush 4,100/. 1,450 Knott Robinson Cook Ritchie Heck Steere 4,200 / 1,770. V aughan Hazelrigg Sweeney Walkup 1,950 / 4,060. 5.500. 5.550. 4,400. 4,400. 4,400. 4.500. 4,400. 5.970. 4,400. 4,400. 4,300. 6,010 Moon Heffelfinger Misch Bartlett Loetscher Merrill 3.700. 3.900. 3,900. 4,000. 3.900. 4,400, Hill Kellam Gattis Ullrich Inman Barbour Proposed Salaries beginning March 1, ’ 54 6,256, 5.750. 5.000. 4,600. 5,100. 5.100. 5.100. 5.970. 5,000. 5,100. 5.100. 6,210. Increase of Budget 1953-1954 TIAA Increase in Budget of 1953-1954 375. 100. 300. 100. 350. 300. 350. 18,75 5.00 15.00 5.00 15.00 15.00 17.50 300. 350. 400. 100. 15.00 17.50 20.00 5.00 4,300. 4,400. 4,400. 4,500. 4,400. 4,600. 300. 250. 250. 250. 250. 100. 15.00 12.50 12.50 12.50 12.50 3.800. 3,800. 3,400. 3.700. 3.300. 3,400. 4,200. 4,000. 3,800. 4,000. 3,600. 3,500. 200. 100. 200. 150. 150. 50. 15.00 5.00 15.00 7.50 Cheek McBowe11 Brummett Kelso 3,200. 3.000. 3,000. 1,000. 3,400. 3,200. 3,100. 500. 100. * 100 50. 5.00 Arniear Leech Ensminger Steiger 4,800. 3,400. 4.ooo. 3.300. 5,400. 4,000. 4,400. 4,000. 300. 300. 200. 350, 15.00 15.00 10.00 17.50 Total Increases in 1953-1954 budget 318.75 ��A COMPARISON OF Enrolment Education and General Endowment - restricted & unrestricted Church Boards and Churches Individuals & Corporations Scholarships Alumni (ae) Fund Other Revenues Auxiliary Surplus (Deficit) Total 1941-1942 310 67759.55 61229.01 3542.06 715.00 2470.63 IS % 48.1 43.4 2.5 .5 1.7 1546.29 3831.06 1.1 2.7 141095.10 100. 249 69 9 3 6 1 12 349 A COMPARISON OF EX 1941-1942 Administration & General Instructional Library Operation and Maintenance Scholarships Other Expenses Surplus (Deficit) Total 32580.35 70086.72 5124.05 13617.23 15597.30 521.33 1432.78 141095.10 Cost per student Tuition & Fees Paid per student Collected per student for educational pur­ poses (Scholarships deducted from receipts) Cost of living Index % 194' 23.1 49.7 3.6 13.2 11.1 .4 1.0 827: 1581 1791 492 91' 15' 309 102.1 3498. 455.15 223.19 5 3' 176.76, 116.60 3 1'. �* dy/ov# anoHat^qp *v»l T-j^.-ea aaaribi "> yd >3 $*xo<p*x ed4 obf.-s xeolaiA ziM ■ .bednet 4.-i cqoo *?y<i) .hevoiqvpi ar* Jio q t di noiJon aO .4^01 .If xtslcir ’.' ' ^’ >■ « no 1 1 ■ >-t.9;ai 4nebbaeT^- as-roTt 1 *££ .«*1L_£3Z £ X'- J5_L_LJ£J': ad oT J5 * ii -iLut' < f ._&*? ■' «T ■. ■ iff If .neb o*i —._Li£L_ gi 3.S3VSI < S.RfUU . 4^.6Sfi 00.COST 0 ■>.«?<* C&90Uss.e-sij -i-l 0£.U?4l • * I r- S4i.lV£d d .S£4£ Ir.cvov Cf.VCid r:-..fo?o CCaCOCL. vd. ssr.r 00. s; t$I ( C. X*04f * wlanbJh'Ihnl > J»4 r H J ?-‘icV', .z . . B9rf->*urf, »^£wx5L • K.S.r — .bfi .'ctfaoi^ .2/2 - .'4X *23 >3:.\3 : q da *r. 1 . : • 0•I•X co.? ;.'• v u . £,. i p aid* iol *♦ Lj.fi - a ‘ / •■ .. ia ^nox-^aq bn M? «d? . r ;. ' *3 '<•’•! n*3 > • -■ . ■ . .1.. . ii (4tvx 1.I4J b^b^Ivsrofnr blx/DY 4r blaindC &di irdi bsJaelfejq aa* hox^E fh«r<XA xfcfl «f? Io . " r^.>n* .aiM i^TlI adl no $*Toq»T «:*re- nfmoS .7M .erollol a« aevoiv taeAhui? . rj^SI Mi/;, batf* dtCI -xol .jci •oaaialUC �Note: The 13th Fund is running 47 contributors and $138.50 ahead of the 12th.Fund in cash and pledges when compared on the basis of 70 days after the start of each campaign. The 12th Fund began on November 10, whereas the 13th Fund began on December 4. Mr. Brice Leech’s report as director of admissions on advanced enrollment for September, 1954, was presented by President Groves, showing that as of Febru­ ary 12 there are 32 men pre-registered as compared with 14 the same date a year ago, and 45 women as compared with 45 a year ago, making the total registration 77 as compared with 59 on February 12, 1953 * On the recommendation of President Groves, after it had been pointed out that the 28 colleges upon which the Executive Committee based the salary increases voted for faculty and administration members at its meeting on January 15, 1954, had revealed average tuition fees of $511.00 (exclusive of lab fees), whereas Centre’s similar fee is $500 (including lab fees), board charges averaged $383 as compared with Centre’s charge of $360, and room rent charges averaged $167.12 as compared with Centre’s $150., it was voted that beginning September, 1954, fees be increased as follows: General fee --------------- from $500 to $525.00, Board (for 9 months, 3 meals per day)- - - from $360 to $380.00, Room rent (for 9 months)- -------- from $150 to $170.00, or, in the event that after further consultation with the admissions offi­ cers of the College it should seem advisable to postpone the increase of the general fee to $525, then the board be increased to $385 and room rent be in­ creased to $175. Upon a request from Mr. Donald K. Hannum, Director of the Kentucky Synod’s educational Campaign, for advance payments for campaign fund expenses of $12,000 the same amount that is being paid by the other institutions participating in the campaign — it was voted that this advance be paid; $4,000 to be sent immediately, $4,000 on March 1st, and $4,000 on April 1st. Report was made of the receipt of the McWilliams Bequest for the Alumni Me­ morial Building of $1,000.00; and it was voted that in accord with the agreement with all donors to the Alumni Memorial Building, a plaque be erected containing the names of those who contributed a unit share (a unit share was defined as $150.00), the cost of this plaque to be defrayed from the bequest of Mr. McWilliams. It was also voted to also Include the names of those donors who had contri­ buted $100,00 or more. It was voted that the following additional section to the by-laws of the College be recommended to the full Board for their approval. Section XIII, paragraph 2-E "The engagement of a member of the faculty or a member of the administration by Centre College of Kentucky, unless otherwise stated in writing, is understood to Involve the full time of that person in the service of the College. Therefore, such a full-time member of the faculty or administration shall not accept outside �Jbeo-’ ••”•■ .7 ••' J '*t 1© fc ■* - :■! t \ 'ri. , J I . •:>.*?. ’• x- ■? -ir '• ; -.h j . <- .. j ’ eXL : r$ e 'v >t. *. u'u i~s® - r £••'■' ■ ■ .-<* ’.ix c? -jj >.:* o ? - '••» , ‘. I , it’ . A > ■'• _______ _ ;iM 1£ • ^s.-^l£2»" r l*f- x ■* a z .' , ?-■. ',.**■■. t 3 . OfTT; ~ A ■ ‘ : ; j-. ’ • ■ ' c ' ewcIXol a ■ ? ■ .■ ■ 1 I qc - sei XjiaroC . - - • - -<9il ar--? Q lol - V •*'■»■* 1 $ 03 bot^sioal #o -al ei <aei • •- *’ * x >x••• ’•■•-/• c M* t u •: el • et < I*a ' ■ n .•' • ‘ ? 1® ? - • 4 o*‘.- •'*■••’’ " •" 91 •'f1 ~ . -ir -'•■ [ 6 •• b •*. 5 . s ' V ioi ' .. . C ; 7 •■'.■>. ' i ® ’’ 1' 3 <• •'/ ■-1'4 »J - 1- «1 ; , IIP • ■' - t io <•* a ' EX ioli * ' ■ ■. LI '.cl. ; ‘ \ - v. «1 • n■' ••'■ 7ier?h-. L ' 5; ] L ■•• . ,-M iZMU/U * r' - ; ; ,3’ ‘i 'nol.t&ajpM '?*nv z<- • J ■rf'' . z- ol ot • .{ avhs io; < •*: » ' > ,' I > tf. '■ 31 uto nsto ■ rfa •'>*• Jnsi c»oA 5 . �employment, whether temporary or permanent, without prior consultation with the President of the College and the approval of the Trustees of the College, such approval to be granted in writing. There will be times when by mutual agreement such outside employment will be considered desirable. However, it will be acceptable to the College only if it is within the professional field of competence, and thus related either to the teach­ ing of the Individual faculty member or in some other way has direct bearing on the responsibility of the College as a teaching institution.” Note: It should be noted that Section XIV of the by-laws states, ’’these by-laws may be amended after notice has been given at a previous full meeting of the Board, provided that 16 members of the Board concur in the amendment.” This means that while the Board nay discuss this amendment at their full meeting, final action cannot be taken until the meeting in the fall of 1954. On the recommendation of President Groves, the following additional changes in faculty salaries were voted to take place March 1, 1954; Dr. R. I. Rush increase - $200 for 1953-1954; making Dr. Rush’s base annual salary $4500 per year, exclusive of $1450 also paid from the research funds of the West Virginia Pulp and Paper Company. Dr. John H. Walkup - $200 additional as of March 1, 1954; making Dr. Walkup’s base pay for one-half of his time for his teaching work $2350. exclusive of an additional $4060 from the research funds of the West Virginia Pulp and Paper Company for the other half of his time. Professor Dwight Steere — $200 additional as of March 1, 1954; making Pro­ fessor Steere’s base salary $4600 a year, exclusive of $1770 from his work as director of music of the Madison Avenue Presbyterian Church of Covington, Kentucky. Mr. West T. Hill, Assistant Professor of English since September 1, 1946, with particular responsibility for work in dramatics and debate, has recently completed his doctor of philosophy degree (Feb. 6, 1954) at Iowa State University. Mr. Hill is an exceptionally able and loyal member of the faculty. On the recom­ mendation of Dr. Hazelrigg, Head of the Department of English, and the complete endorsement of Dean Jones and President Groves, it was voted that Mr. Hill be ad­ vanced to the rank of Associate Professor; his salary, as previously determined, to be $4200 a year beginning March 1, 1954. President Groves reported a gift of physics equipment from Dr. L. Ray Ellars of Louisville, Kentucky, of an estimated value of $757. r. D Ellars already has been thanked for this splendid gift, but it was urged that in addition he be visited personally as soon as possible. ��President Kentucky which there was some Further report Groves reported receiving the names of a number of foundations in should be solicited for gifts to Centre College of Kentucky, and discussion of the best ways and means of carrying out this job. is to be made on this project later, A letter from Mrs. Charles B. McMullen, reporting on her work on the por­ trait of Dr. Cowan, was read. It was voted to request Mrs. McMullen to purchase an adequate frame for this painting as well as complete the painting itself. It was voted to set the next meeting of the Executive Committee for Friday afternoon at 2:30 p.m. in the President’s Office, March 12, 1954 Adjournment. ��CENTRE COLLEGE OF KENTUCKY BALANCE SHEET STATEMENT OPERATING FUND Assets Current Funds A. General Fund Cash in Bank Cash on Hand 32,476.28 1,285.00 33,761.28 1,550.00 199.25 Notes Receivable Accounts Receivable Due from Other Funds: From Farris Fund From Evans-Sumrall Sch. Fund January 31, 1954 3,904.36 5,177.50 9,081.86 16,612.44 5,520.90 26,531.64 Inventories Deferred Expense Prepaid Insurance 93.257.37 Total Assets—Current Fund: Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld Due Other Funds: Scholarship Fund Prize Fund D. K. E. House Fund Prepaid Charges: General Fees, Second Semester Reserves: Gifts for Designated Purposes Research Program Athletic Department Agency Funds: Room Damage & Key Deposits Total Liabilities: Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at Jan. 31, 1954 8,633.22 13,039.92 3,917.32 114.30 92.70 651.25 26,648.71 5,130.97 4,608.87 51.68 9,791.52 4,570.00 8,526.12 345.45 13,447.57 200.50 124,634.87 26,099.07 31,377.50 93.257.37 �• < �Statement of Income & Expense Centre College Operating Fund January 31, 1954 Income Educational & General Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. W. Coffee Shop, Centre Bookstore & Postoffice Other, Non-Educational Gifts Gifts, Alumni Fund-Alumnae Student Activities Health Service Athletic Dept., Centre Scholarships & Grants Other Income Expense, Endowment Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemothers, Frat Houses Central Stores Warehouse Total Income-Expenses Operating Gain at Jan. 31. 1954 See Schedules Attached Expense 164,086.29 124,931.16 10,825.00 1,104.50 6,365.21 675.06 53.45 4,458.84 3.375.17 29.477.39 24,043.55 1,884.26 8,158.55 14,417.23 92,908.71 6,270.81 3,167.57 30,510.08 24,248.59 1,717.07 8,549.40 13,671.12 100,264.19 14,276.85 1,500.00 3,500.00 2,010.00 10,349.75 18,290.75 1,972.89 1,231.11 547.11 12,010.79 39,218.75 51,900.24 6,478.95 4,421.24 6,205.45 804.02 925.00 469.36 72,311.78 316,250.72 290,151.65 26,099.07 316,250,72 ��286 January 31, 1954 Schedule A Educational & General-Income Student Fees Tuition & Fees Other Fees Total Student Fees 96,764.50 621,50 Endowment Income Unallocated Endowment Income Real Estate, Unrestricted Total Endowment Income 43,549.77 9.439.45 Gifts-Church Boards Synod of Ky. U. S. Board of Christian Education, U.S.A. 97,386.00 52,989.22 6.637.31 7.073.76 13,711.07 164,086,29 Total Education & General Income Schedule B Educational & General-Expense Administrational & Genral President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office & Stu. Pro. Women Dean of Women’s Office Admissions & Stu. Pro. Men General Expense Board of Trustees Total Administrative & General Instructional Expense Instructional Library Operation & Maintenance Total Educational & General Expense 6,717.44 4,437.64 2.108.64 4,545.61 2,226.90 1,664.28 1,799.03 5.405.24 ---------- 60,193.16 6,605.52 29,227.71 28,904.77 96,026.39 124,931.16 ��Statement of Profit & Loss Cafeteria, Centre College Month of Jan.1954 Income: Students Employees Banquets & Dinners Conferences Training Table Total Income: Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Utensils & Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs Supplies, Records, Etc. Exterminator Service Rents Total Expense Gain or (Loss): 4,838.61 272.00 32.00 Year to Jan.31. *4 5 5,142.61 20,646.87 1,391.50 98.74 469.28 1,642.20 24,248.59 606.07 3,458.38 4,064.45 773.87 3,290.58 284.21 15.385.85 15,670.06 773.87 14,896.19 185.00 910.00 1,085.00 4,546.50 113,00 81.80 72.00 297.85 187.30 9.25 99.95 143.68 220.33 52.15 365.50 3.05 48.69 40.00 1.291.65 23,553.89 694.70 24,248.50 4O.38 9.00 40.50 22.20 18.00 22.06 56.72 49.45 30.00 258.33 4,932.22 210.39 ,5 ,142.61 ��288 Statement of Profit & Loss Dining Hall, K. C. W, Month of Jan.1954 Income: Students Faculty & Officers Employees Guests Banquets & Dinners Conferences Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel, Cooking Ice Refrigeration Linens, Silverware, China Kitchen UtensilsA Expense Janitor Supplies Laundry Electricity Water Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense: Gain or (Loss): Year to Jan.31154 6,100.59 159.52 703.12 24,985.48 823.50 3,570.60 85.50 1,130.50 30,510.08 650.00 3,696.12 4,346.12 1.013.69 3,332.43 534.48 16,342.69 16,877.17 1,013.62 15,863.48 264.33 1,632.50 1,321.65 8,335.50 125.00 409.62 36.OO 101.74 228.66 9.25 51.90 120.83 112.18 132.19 236.99 53.75 36.56 40.00 1,750.00 32,88 28,998.18 1,511.50 30,510.08 89.99 9.00 87.64 49.20 21.90 20.40 29.39 9.14 350.00 5,895.92 7.0^,73 ��L__ 289 Pi Budget Comparison-Centre College of Kentucky Operating Fund Budget 1953-54 income Student Fees General Fees Other Fees Endowment Unrestricted Real Estate (Unrestricted) Restricted Gifts-Church Boards & Churches Synod of Ky,, U. S. Board of Christian Education Auxiliary Enterprises Residence Halls 9 K. C. W. Residence Halls Wiseman Residence Halls 9 Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, CentreCollego Tea Room, K. C. W. Coffee Shop, Centre College Bookstore & Postoffice 1 Other Non-Educational Income Gifts-Living Endowment Ky. Independent College F'dation Churches-Living Endowment Alumni & Alumnae Associations Student Activities Health Service Athletic Dept., Centre Scholarships & Grants Other Income To tais: Quota Realized Jan.31'54 Jan.31’54 Over (Under) 181,000.00 1,414.00 182,414.00 95,830.00 589.15 96.419.15 96,764.50 621.50 97,386.00 934.50 ■ 22.3.5 966.85 57,700.00 21,867.00 13,380.00 92,947,00 24,041.66 9,805.40 _iA71^0 39,422.06 29,293.07 9.439.45 6,120.94 44,853.46 5.251-41 (365.95) 545.94 5,431.40 14,000.00 8,400.00 22,400.00 5,833.33 3,500.00 .2,332.33 6,637.31 7.073.76 13.711.07 803.98 3.573.76 4.377-74 20,425.00 2,475.00 11,875.00 5,700.00 64,395.00 41,562.00 3,500.00 16,000.00 18,500.,00 184,432.00 10,740.00 1,125.00 6,409.15 2,850.00 30,510.08 24,248.59 1,750.00 8,549.40 13.909.59 100,091.81 10,825.00 1,104.50 6,270.81 3.167.57 30,510.08 24,248.59 1,717.07 8,549.40 13.909.59 100,302.61 85.00 (20.50) (138.34) 317.57 .00 .00 ( 32.93) .00 _______ ,00 210.80 12,132.00 12 ,500.00 7,000.00 18,000.00 3,500.00 2,010.00 12,210.00 34,845.00 6,500.00 108,697.0-0 5,055.00 5,208.30 2,916.65 1,500.00 3,500.00 2,010.00 11,964.00 14,175.00 1,950.00 48.278.95 6,844.37 5,000.00 2,432.48 1,500.00 3,500.00 2,010.00 10,349.75 18,290.75 1.972.89 51.900.24 1,789.37 (208.30) (484.17) .00 .00 .00 (1,614.25) 4,115.75 22.89 3.621.29 590,890.00 293.545.30 308,153.38 14,608.08 I ��Budget 1953-54 Quota Jan.31‘54 Expended Jan.31’54 14,286.00 10,610.00 5,270.00 11,272.00 6,565.00 4,252.00 5,700.00 12,170.00 ___ 100,00 70,225.00 5,952.60 4,420.83 2.195.83 4,696.87 2,735.41 1,771.85 2,375.00 5,522.91 41,66 29.712.96 6,717.44 4,437.64 2,108.63 4,545.61 2,226.90 1,664.28 1,799.03 5,405.24 .00 28,904.77 (764.84) (16.81) 87.20 151.26 508.51 107.57 575.97 117.67 41.66 808.19 144,264.00 14,840.00 67,520.00 13,643.00 240,267.00 60,110.00 6,722.90 28,729.16 5,910.10 101,472.16 60,193.16 6,605.52 29,227.71 6,478.95 102,505.34 (83.16) 117.38 (498.55) (568.85) (1,033.18) 14,875.00 2,085.00 200.00 9,767.00 5,000.00 61,195.00 39,484.00 3.325.00 15,200.00 17,575.00 168,706.00' 6,397.91 918.75 83.33 4,194.58 2,500.00 28,984.58 23,036.17 1,662.50 8,121.93 14,417.23 90,316.98 6,365.21 675.06 53.45 4,458.84 3,375.17 28,998.18 23,553.89 1,884.26 8,158.55 14,417.23 91,939.84 32.70 243.69 29.88 (264.26) (875.17) (13.60) (517.72) (221.76) (36.62) ______ .00 (1,622.86) 8,790.00 13,685.00 3,500.00 2,010.00 14,777.00 67.255.00 3,110.00 1,800.00 1.235-00 116,162,00 4,255.24 5,702.08 1,231.11 587.50 11,299.80 39.218.75 975.00 925.00 514.58 64,709.06 4,421.24 6,205.45 1,231.11 547.11 12,010.79 39,218.75 804.02 925.00 469.36 65,832.83 (166.00) (503.37) .00 40.39 (710.99) .00 170.98 .00 45.22 (1.123.77) 595,360.00 Totals: 4,470.00 Budgeted Deficit, 1953-54 Budget Gain at Jan. 31, 1954 ( net) 286,211.16 289,182.78 (2,971.62) Expenditures Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae & Student Pro., Women Dean of Women’s Office Admission & Student Pro., Men General Expense Board of Trustees Instructional Instructional Expense Library Operation & Maintenance Endowment Real Estate Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. W. Coffee Shop, Centre Bookstore & Postoffice Other Non-Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Mon Scholarships & Grants Bus Service Housemothers-Fraternity Houses Central Stores Warehouse (Over) Under 11,636.46 �4.*. ., . 0 1 X ' . . •» 7- • . . . ’ * r - * ’* . 5. • *T □u3 ac1' «•" to®«V . . ~T 1: ? f '{ • < *** J U Z ■ ZLI : r . . < �EXECUTIVE COMMITTEE MEETING March 12, 1954 The meeting was called, to order by the Chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were: Messrs. Lanier, Jones, Van Winkle, Armstrong, Wachs, Lively, and President Groves. The minutes of the meeting of February 12 were approved as circulated. The report of the Business Manager was made by Mr. Arnicar, was voted to accept and file the report. (See copy attached.) On motion, it On the recommendation of Mr, Arnicar, it was voted that Mr. Ike Lanier, as Chairman, and Mr. Logan Caldwell, as Treasurer of the Board of Trustees, be em­ powered to sign a non intereat — bearing note to the Alumni Fund for $11,000 from that fund to be used for currant operation expenses of the College for the next month. President Groves made the following report of the Living Endowment Fund for receipts for that Fund through February 28, 1954; Budgeted 1, 2. 3. 4. 5. 6. Individuals (Unrestricted) * Presby Churches - U.S.A. Presby. Bd. - U.S.A. Synod of Ky. - U.S * Scholarships K.IC.F 12132.00 7000.00 8400.00 14000.00 25423.00 125.00.00 79455.06 To Feb, 28, 1954 9571.42 3651.97 7073.76 6637.31 11359.50 5000,00 43293.96 To be raised 2560,59 3348.03 1326.24 7362.69 14063.50 7500.00 36161,04 To Feb. 33, 1954 '■ 3 ____ _______ 143’17.85 4782,70 5957.14 7200,00 5555.00 6300,00 44601.6Q A report from Mr. Ensmlnger, the Alumni Secretary, on the 13th Alumni Fund was received, showing that to date 844 contributors have contributed $15,575.50 as compared with the contribution of 805 contributors at the same date for the 12th Fund a year ago totalling $15 8 *12.50. However, it was also pointed out in Mr. Ensminger’s report that last year there had been received a stock certificate from Mr. wsley Brown (deceased) for $2500 which raised the total of the 12th Fund as of a year ago to $18,312,50. As yet, the fund has not been able to make up the loss of this large annual contribution tion. �f �-2- A report on pre-registrations for September, 1954 from Mr. Brice Leech, Registrar, was read.; showing that to date 40 men students and 45 women students, for a total of 95• have registered as against a registration of 25 men students and 55 women students, for a total of 80, for the same date a year ago. President Groves reported that on further consultation with the Admissions Officers and the Deans of the College, it had "been agreed to put into effect the first of the two alternate actions of the Executive Committee at their meeting of February 12, 1954, concerning new college fees, so that these new fees are; general foe - $525. room rent - $170, and board - $380. President Proves reported on a gift of a 1954 Ford (four-door) ”Cus tomline” car to the College by Danville Motors, Incorporated, for the use of the President, with the further agreement on the part of the Danville Motors to replace this car with a new car at the end of approximately 16,00 miles of usage, this agreement to continue at the discretion of the Danville Motors, Incorporated, and the College. A resolution to accept this splendid offer and send word of the appreciation of the Board of Trustees to Danville Motors was unanimously voted. President Groves made a report on the present status of plans for the estab­ lishment of the Vinson Memorial Fund. After this report, it was voted that the chairman of the Board of Trustees appoint a committee to discuss this matter with the Directors of the Alumni and Alumnae Associations at their meeting in June, with a view to requesting these associations to adopt the Vinson Memorial as their cam­ paign goal for the next three years, this campaign to be carried on in conjunction with a campaign to be conducted among friends of the Chief Justice outside the alumni and alumnae of the College. President Groves made a report on progress to date with the Kentucky Synod's Educational Campaign for $850,000, $250,000 of which, If the campaign is successfully concluded, is to come to Centre College of Kentucky. President Groves reported on certain problems connected with the construction and erection of the Welslger Art and Music Building and also the plans for a little theater. As to the plans for a little theater, it was the consensus that since this ob­ jective cannot be realized until after sufficient funds are in hand to complete the Welslger Art and Music Building, it would be sufficient simply to state that the College has in mind the construction necessary for such a little theater. It was the consensus that with regard to "style” of construction for the Welslger ger Art and Music Building and Its location, that the architects should he Instruc­ ted to abide by the letter of the Welslger will. It was voted that the chairman appoint a special committee on the construction of the Welslger Art and Music Building, Mr. Lanxc appointed Mr fierce Lively, chairman, Mr. Logon Caldwell, and Miss Amellia Yerkes. Mr. Lanier reported the appointment of Mr, E. T. and a letter of acceptance from him. Poles to the Finance Commitee ��President Groves was Instructed to invite Mr. Andrew Broaddus, Mr. Arch Cochran, Mr. William G. Simpson, <and Mr. Henry Nichols to attend the annual meeting of the Kentucky Independent College Foundation on March 24 as the guests of Centre College of Kentucky. Mr. Lanier appointed Messrs. Van Winkle and Boles to represent Centre College at the meeting of Protestant Colleges at Denison, Ohio, June 20-24, called by the Commission on Higher Education of the National Churches of Christ in America. • A letter from Mrs,- C. B. McMullen was read stating that the oil painting of Dr. Cowan will be ready in time for presentation at Commencement on June 5 and 6. The proposal of the George S. May Company to make a survey of the College was voted as unnecessary and probably of little value to the College. Adjournment. ��was reproduced on Wednesday and Thursday evening, April 15 and 16, over radio station WHAS out of Louisville, President Groves Reported that the Centre College Building Fund Campaign to raise funds for the construction of the Weisiger Art and Music Building as nf noon April 16, 1954, stands at $29,200 in gifts and pledges. Indications are that the campaign will go well over the $30,000 mark, though there is sone question as to whether the entire $40,000, the goal of the campaign, will be realized. On recommendation of the committee on Honorary Degrees, 21 of the 22 trustees, one not having yet been heard from, have voted unanimously to grant the following honorary degrees. Mrs. douglas Horton, Doctor of Letters Mrs, Alfred I. duPont, Doctor of Humane Letters Herrick B. Young, Doctor of Laws Francis Pickens Miller, Glover A. Daniel, Edwin N. Rock, Doctor of Laws Doctor of Divinity Doctor of Divinity Correspondence was read from Mr. Albert McClure of the class of 1894 recommending recognition for Colonel Lucien Beckner, non graduate of the class of 1894. President Groves reported that this correspondence has been referred to the Committee on Honorary Degrees for their recom­ mendation. The minutes of the meeting of the special committee on the Weisiger Art and Music Building of March 19,1954, were ordered spread upon the minutes of the Executive Committee of this date. Those minutes are as f ollows: ’’The special committee appointed by the chairman to meet with the College architects in connection with the plans for the Weisiger Art and Music Building met at the Farmers National Bank in Danville, Kentucky, on Saturday, March 20, at 10 a.m. Present were Messrs. Ike Lanier, Logan Caldwell and Pierce Lively as members of the committee, and Messrs, Nevin, Morgan and Rader, the College architects. " The committee discussed the requirements of the will of Miss Emma Weisiger ns they pretain to the exterior of the building, and it was de­ termined that the building would be planned so that the exterior would have sufficient Colonial features to harmonize with the other buildings on the campus of the Women s Department of Centre College, * "It was decided that the architects would prepare an outside sketch of the building along the agreed lines and present such a sketch to the College prior to Commencement 1954. It was further agreed that no additional work would be done on the plans for the building until the con-/ pletion of the Synod Educational Campaign of he Prosbyborian Chur-h U.S. ��"It was further decided, by the committee that no work would be done by the architect on the proposed Little Theatre building until the final decision has been made concerning this building. "All present then adjourned to the farm of Mr. Ike Lanier for a very pleasant lunch. Respectfully submitted. (Signed Pierce Lively." President Groves reported a letter on recommendations from the State Fire Marshall which has been turned over to Mr. San Jones as chairman of the committee on Buildings and Grounds. The report is being studied by Mr. Judd of the firm of Nevin and Morgan with a view to recommendations at a later date. It was moved and carried that Mr. F. Pierce Lively, as attorney of the College, be directed to execute a requested consent in the estate of C. R. Ogg in the Superior Court of Los Angeles, California. Several items of interest were reported as follows: A telephone conversation with Mr. Fred B. Wachs concerning the situation with respect to the farm on Mt. Tabor road in suburban Lexington, owned by the College, in which Mr. Wachs expressed a view that at the present time it would be advisable for the College to continue to hold this property without any move toward its sale. The coming tour of the Centre College Choir in Western Kentucky which will include 16 concerts in Owensboro, Madisonville, Marton, Paducah, Mayfield, Hopkinsville, Greenville, Glasgow. Campbellsville and Bardstown, Plans for meetings of the Louisville and Ashland chapters of the Alumni and Alumnae Associations, the Louisville chapter meeting to be on April 23rd and the Ashland chapter meeting to be on April 22nd. Adjournment. ��Centre College of Kentucky Balance Sheet Statement Operating Fund Assets Current Funds A. General Fund Cash in Bank Cash on Hand 3,540.75 1,285.00 b,825.75 1,550.00 20,079.27 8,000.00 Notes Receivable Accounts Receivable Ky. Synods Educational Campaign Due From Other Funds: From Farris Fund From Evans-Sumrall Sch. Fund 6,569.44 5,177.50 6 *.911 11,71 16,690.92 5,51U.18 2b,3U7.80 92,754.86 Inventories Deferred Expense Prepaid Insurance Total Assets—Current Fund: Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Galaxy Savings Social Security Taxes Withheld Borrowed Money March 31, 195U 12,879.h2 l4,086.56 4,310.4O 191.30 106.70 882.89 11,000.00 43,857.27 Due Other Funds: Scholarship Fund Prize Fund D. K. E. House Fund 5,130.97 4,608.87 51.68 9,791.52 Prepaid Charges: Cafeteria Meal Tickets Board Charges, K. C. W. 9,8h3.60 11,996.96 21,840.56 Reserves: Gifts for Designated Purposes Research Program Athletic Department 4,575.00 8,526.12 390.65 13,491.77 Agency Funds: Room Damage & Key Deposits Total Liabilities: Surplus I Deficit Account; Accumulated Operating Deficit Operating Gain at Mar. 31, 195b 200.50 88,781.62 57,476.57 61,449.81 3,973.2b 2,754.86 ��Statement of Income & Expense Centre College Operating Fund March 31, 1954 Educational and General Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, McRevnolds Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. W. Coffee Shop, Centre Bookstore I Postoffice Other, Non-Educational Gifts Gifts, Alumni Fund-Alumnae Student Activities Health Service Athletic Dept., Centre Scholarships & Grants Other Income Expense, Endowm-nt Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemothers, Fratcmitv Houses Central Stores Warehouse Income 275,1131.83* 20,7110.00 2,739.50 11,569.117 4,354.57 43,285.14 34,519.91 2,572.53 12,701.46 19,230.44 151,713.02 19,720.81 1,500.00 3,500.00 2,010.00 10,564.83 19,515.75 3,091.41 Expense 182,357.45 9,239.81 909.54 54.65 6,419.06 4,436.74 41,985.02 35,037.52 2,767.07 12,153.52 18,527.28 131,530721 1,485.86 1,057.51 14,031.27 68,518.75 59,902.80 Total Income—Expense: Operating Gain at March 31,1954 * See Schedules Attached 8,677.47 5,604.15 9,444.63 1,059.54 1,125.00 706.00 111,710.18 487,047.65 425,597.84 487,047735 61,449.81 487,047.65 ��299 March 31, 1954 Schedule A Educational I. General-Income Student Fees tuition & Fees Other Fees Total Student Fees Endowment Income Unallocated, Endowment Income Real Estate, Unrestricted Total Endowment Income Gifts-Church Boards Synod of Ky., U. S. Board of Christian Edu,, U. S. A. 1811,386.90 9111.50 185,301.110 57,221.25 16,4O8.11 73,629.36 9,427.31 7,073.76 16,501.07 275,431.33 Total Educational & General Income Schedule B Educational &• General-Expense Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office Stu. Pro. Dean of Women’s Office Admissions & Stu. Pro. Men General Expense Beard of Trustees Total Administration 4- General Instructional Expense Instruction Library Operation & Maintenance Total Educational A General Expense 9,6119.36 6,285.85 2,664.O3 6,533.39 3,727.11 2,367.31 2,487.19 7,273.43 ,00 110,987.67 87,310.76 9,689.21 1111,369.81 1111,369.78 132,3'57.1:5 ��300 Statement of Profit & Loss Dining Hall, K. C. W. Month of March ’ 54 Income: Students Faculty Officers Employees Conferences Year to Mar.31‘54 6,255.08 159. 52 733. 52 36,091.56 1, 142.54 4, 920.54 1,130.50 43 285.14 7,148.14 Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel, Cooking Ice Refrigeration Linens, Silverware, China Kitchen Utensils £ Expense Janitor Supplies Laundry Electricity Water Heating Repairs Telephone (. Telegraph Exterminator Service Rents Uniforms Total Expense: Gain or (Loss): 76O.94 3,939.90 4,7O0.84 736.22 3,964.62 213.33 1,781.67 137.00 173.87 9.00 67.00 112.70 3.95 29.72 165.01 11.90 37.711 350.00 534.48 23,519.62 24,054.10 736.22 23,317.88 1,7118.31 11,577.70 262.00 7311.32 511.00 168.711 228.66 9.25 911.60 158.911 176.511 297.20 236.99 7O.45 711.30 60.00 2,45O.OO 63.110 41,783.28 / 167.63 7,148.14 1,501.86 43,285.14 ��301 Statement of Profit & Loss Cafeteria, Centre College Month of March'5U Year to Mar. 31'5U Income: Students Employees Banquets & Dinners Conferences Training Table Total Income: 9 *.71 5,91 30,328.69 1,981.00 * 98.71 6 * 19.28 2 *.20 1,61 , * 31 519.91 Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: 960.05 3,936.08 , * I 896.13 770.82 U,125.51 .21 * 281 22,773.62 23,057.83 770.82 22,287.01 185.00 1,097.50 5 *5.00 1,1 .OO * 6,551 113.00 227.25 99.00 9 *.85 31 206.63 9.25 152.65 202.18 332.78 9 *.01 11 8 * 12.53 12.19 * 50.21 60.00 1,808.31 56,556.91 (31.00) ,519.91 * 31 Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Utensils & Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs ' Supplies, Rc cords. Etc• Exterminator Service Rents Total Exocnsc: Gain or (Loss): 5,632.2b 317.50 * 39.91 9.00 52.00 11.77 23.80 28.11 53.62 67.92 1.55 258.33 5,955.115 .il * (l 9 *.71 5,91 ) ��Budget Comparison-Centre College of Kentucky Operating Fund Budge t 1953-58 Income Student Fees General Fees Other Fees Endowment Unrestricted Real Estate (Unrestricted) Restricted Gifts-Church Boards Synod of Ky., U. S. • Board of Christian Education Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre College Tea Room, K. C. W. Coffee Shop, Centre College Bookstore and Post-office Other Non-Educational Income Gifts-living Endowment Ky. Independent Coll. F’dation. Churches-Living Endowment Alumni and Alumnae Associations Student Activities Health Service Athletic Dept., Centre Scholarships & Grants Other Income Totals: Quota Mar.31’58 Realized Mar.31’54 Over (Under) 181,000.00 1,414.oo 182,414.00 175,800.00 819.00 l76,219.00 188,386.90 918.50 185,501.80 8,986.90 95.50 "9,082.80 57,700.00 21,867.00 13,380.00 92,987.00 33,658.33 17,268.25 7,805.00 58,731.58 38,188.97 16,808.11 7,978.95 62,572.03 8,526.68 (860.18) 173.95 '3,880.85 18,000.00 8,800.00 22,800.05 8,166.61 8,900.00 13,066.61 9,827.31 7,073.76 16,501.07 1,260.70 2,173.76 3,838.86 20,825.00 2,875.00 11,875.00 5,700.00 68,395.00 81,562.00 3,500.00 16,000.00 16,500.00 168,832.00 20,055.00 1,875.00 11,687.81 3,990.00 83,285.18 38,519.91 2,850.00 12,701.86 18,500.00 189,068.52 20,780.00 2,739.50 11,569.87 8,358.57 83,285.18 38,519.91 2,572.53 12,701.86 19,288.51 151,771.09 685.00 868.50 (118.38) 368.57 .00 .00 122.53 .00 788.51 2,706.77 12,132.00 12,500.00 7,000.00 18,000.00 3,500.00 2,010.00 12,210.00 38,885-00 6,500.00 108,697.00 7,077.00 7,283.33 8,083.33 1,500.00 3,500.00 2,010.00 12,210.00 17,562.50 3,883.78 59,109.94 10,359.37 5,000.00 8,361.88 1,500.00 3,500.00 2,010.00 10,568.83 19,515.75 3,091.81 59,962.80 3,282.37 (2,283.33) 278.11 -.00 .00 .00 (1,685.17) 1.953.25 (792.37) 792.86 590,890.00 856,191.85 876,088.39 19,856.98 ��Budge t 1953-54 Expenditures Administration & General President's Office Business Office Treasurer's Office Dean & Registrar's Office Alumnae Student Pro., Women Dean of Women's Office Admission and Student Pro., Men General Expense Board of Trustees Quota Mar.31'54 Expended Mar.31'54 8,333.33 6,189.16 3,O74.16 6,575.33 3,829.58 2,480.33 3,325.00 7,h22.O8 58.33 9,6h9.36 6,285.85 2,66h.O3 6,533.39 3,727.11 2,367.31 2,h87.19 7,273.h3 .00 (1,316.03) (96.69) 4 0.13 1 4l. 94 102.47 113.02 837.81 148.65 58.33 ' 299.63 (Over) Under I4,286.00 10,610.00 5,270.00 11,272.00 6,565.00 h,252.00 5,700.00 12,170.00 100.00 70,225.00 4l, 287.3O l44,264.OO l4,840.00 67,520.00 13,643.OO 240,267.00 87,982.60 9,573.33 h2,365.83 9,O86.64 149,008.40 87,310.76 9,689.21 hh,369.81 8,677.h7 15O,O47.25 671.81) (115.88) (2,003.98) 1)09.17 (1,038.85) l4,875.OO 2,085.00 200.00 9,767.00 5,000.00 61,195.00 39,484.OO 3,325.00 15,200.00 17,575.00 9,257.08 1,286.26 116.66 6,322.4l 3,500.00 4l,120.89 32,793.92 2,327.50 12,153.52 17,575.00 126,453.24 9,239.81 909.54 54.65 6,4l9.O2 4,436.74 4l,783.28 34,550.91 2,767.07 12,153.52 18,527.28 130 84l.'82 17.27 376.72 62.01 (96.61) (936.74) (662.39) (1,756.99) (1)39.57) .00 (952.28) 8,790.00 13,685.00 3,500.00 2,010.00 I4,777.00 67,255.00 3,110.00 1,800.00 1,235.00 116,162 .'03 5,823.05 7,982.91 l,485.86 l,164.l8 12,883.00 67,255.00 1,181.66 1,125.00 720.4l 99,621.67 5,604.l5 9444.63 l,485.86 1,057.51 l4,O31.27 68,518.75 l,059.54 1,125.00 706.00 103,032.71 218.90 (1,1)61.72) .00 106.67 (1,11)8.27) (1,263.75) 122.12 .00 l4. 4l (3,411.64) Totals: 595,360.00 Budgeted Deficit, 1953-5h 4,470.00 Budget Gain at March 31,195h (Net) 4l6,370.01 424,9O9.44 (8,539.44)) Instructional Instructional Expense Library Operation & Maintenance Endowment Real Estate Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. W. Coffee Shop, Centre Bookstore and Posttoff ice Other Non-Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Men Scholarships & Grants Bus Service Housemothers, Frat Houses Central Stores Warehouse (4,338.58) 11,317.50 ��MINUTES EXECUTIVE COMMITTEE MEETING Board, of Trustees June 4, 1954 304 The meeting was called to order by the chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were Messrs. W. P. Caldwell, Wachs, Logan Caldwell, Baker Van Winkle, Lanier, Lively, Gosney, and Armstrong, and President Groves. On the recommendation of President Groves, it was voted to re-employ Mrs, Carlisle Nichols (Katherine Cameron Nichols) as associate professor of home economics at a salary of $3600 a year beginning September 1, 1954. On the recommendation of President Graves and Bean Jones, it was voted to promote Dr. William Merrill to the position of head of the Department of Economics and Business Administration with the rank of full professor, his salary to be $4800 a year beginning September 1, 1954. On the recommendation of the President, Mr. Roland W, Tapp of San Anselmo, California, was employed as assistant professor in the Departments of Philosophy and Religion, and Psychology .and Education at a salary of $3600 per year to begin September 1, 1954. (See Biographical data attached) On the recommendation of President Groves, it was voted to employ Mr. Lawrence E. Noble, Jr., as assistant professor in the Department of Political Science at a salary of $3300 per year, beginning September 1,1954. (See biographical material attached) On the recommendation of President Groves, Mr. Charles J. Pelfrey was employed as instructor in the Department of English at a salary of $3000 per year, beginning September 1, 1954. (See biographical data attached) On the recommendation of President Groves, Mr. John Wiseman Frazer was employed as an instructor in mathematics and physical science for 1954-1955 at a salary of $2700. (See biographical data attached) On the recommendation of President Groves, Miss Marjorie Bradford, instructor in the Department of Home Economics and presently on leave for graduated study, was granted a terminal salary of $1400 to be paid in twelve installments beginning September 1, 1954. It was voted to rescind the action of the Executive Committee of February 12, 1954 to Include the names on the Alumni Memorial Building plaque of those donors who had contributed $100 or more, and thus to include on that plaque only those who had contributed $150 or more, as in the original agreement with the donors during the campaign of 1947-1948 for funds for the Alumni Memorial Building. President Groves announced that word had Just been received from the General Education Board, (Rockefeller Foundation) that they and renewed the fellowship for Mr. Paul L. Cantrell for n second year for $2500 to enable Mr. Cantroll to continue his graduate studies in the Department of English at the University of Virginia for another year. Mr. Cantrell expects to be ��305 able to complete all the requirements of the degree by the summer of 1955, after which he plans to return to the College as a member of the faculty in the Department of English. A resolution was passed regretting the illness of Mr. San M. Jones, and thus his inability to be present at the meeting of the Executive Committee ns well as the full Board, and it was further resolved to extend to him best wishes for n speedy recovery together with the hope that he will soon be able to take up his full duties as a trustee. It was moved, seconded and carried that Centre College as a beneficiary under the will of Dr. William M. Rush of Jefferson County, Kentucky, approve the contract made between the Louisville Trust Company as executor of the will of Dr. Rush and Miss Edith Shake for the purchase by the executor from Miss Shake of her life Interest in certain real estate in Jefferson County, Kentucky, for the sun of $2,246.45 and the subsequent sale to Miss Shake by the executor of the fee simple title to the sane real estate for the price of $4,200.00, It was further moved, seconded and carried that Ike Lanier, as Chairman of the Board of Trustees of Centre College of Kentucky be authorized to execute all deeds and other legal instruments necessary in carrying out the contract, purchase and sale between the executor of the estate of Dr. William M. Rush and Miss Edith Shake, the approval for which is set out in the foregoing paragraph of these minutes. Adjournment. F. Pierce Lively Secretary ��306 MINUTES BOARD OF TRUSTEES Centre College of Kentucky June 4 and. 5, 1954 The meeting was called to order at 4:30 p.m.,Central Daylight Time, "by the Chairman, Mr. Ike Lanier. Prayer was offered by Dr. John R. Gosney. Present were Messrs. Baker, W. P. Cladwell, Wachs, Joplin, Gosney, Lanier, Benfield, Lively, Lee, Blazer, Armstrong, Van Winkle, Logan Caldwell, Seelbach, Van Antwerp, Nevin, and Boles, and Misses Poynter, and Yerkes, and President Groves. The minutes of the meeting of the Board of October 17, and of the Executive Committee meetings of October 16, November 20, and December 18, of 1953, and January 15, February 12, March 12, and April 17, 1954, were approved as previously mimeographed and circulated. Mr, Fred Arnicar made the report of the Business Manager for the current year through April 30, 1954. After discussion of this report, it was voted to accept it. (See report attached.) Mr. Ike Lanier called particular attention to the fine work which Mr. Arnicar continues to do in his work as Business Manager, and especially for the clarity of his reports. President Groves presented Mr. Ensminger’s report on the 13th Alumni Fund, showing that as of June 4, 1954, 1277 alumni and alumnae have contributed $22,328.50. This compares with the total of the 12th Alumni Fund of 1952-1953 of $22,715.56 (exclusive of the Owsley Brown stock gift of $2500.). It was pointed out that the number of donors is approximately 100 more than to the 12th Alumni Fund and sone 60 more than any previous fund. President Groves presented the report of Mr. Brice T. Leech, Director of Admissions, for pre-registration for September 1954, showing that to date a total of 150 students are pre—registered ns compared with 158 at the same date a year ago. It was pointed out that while women’s pre­ registrations stand at 81 as compared with 79 a year ago, men’s pre-registrations are less, standing at 69 ns compared with 79 a year ago. The plans of the office of admission for work on men’s registration for September between now and that date were explained, with the further hope, as expressed by the office of admissions, that by the time college opens there would be at least as good a men’s enrolment in September 1954 as there had been in September 1953 The President presented the recommendations of the faculty for degrees in course to be granted at the commencement on June 6. These recommendations were approved as follows: Glenn Devon Adans George Franklin Bennett Mary Jane Huston Bennett George Price Beury Arthur Peter Bodner,Jr. Janet Buschmann Betty Jean Caswell Mary Jesse Cheatham Anne Coachman Robert Norris Cocanougher ��Jean Marcia Davis Martin Frederick Dein Mary Mimagene Denton Robert Wallace Dickey Donald Hugh Donnelly Donna Gail Dotson George G. Evans, Jr. Fred Kitzmire Filler, Jr. Jane Carolyn Fosson Gene Vivian Fox Robert Montgomery Fox Hiroaki Fushimi Anna Lou Gander Lyndon Scribner Grode, Jr. Barbara Ann Gray Amelia Allen Green Virginia Lynn Greer William Kirkpatrick Greer Arthur Thomas Gross Leslie Craig Hamilton, Jr. Martha-Jane Hay Thomas Paul Hoag Zada Nadine Loucks Hoag Eugene M. Hudson, Jr. Barbara Ellen Hunsinger Alice Joyce Jennings Harold W. Johnson Margaret Glore Lanier Barbara Joyce McClung Alexander Douglas MacMillan,Jr. Nancy Noreen Magel Joanne Roney Mateer Peter Mazzaferro, Jr. Barbara Eddye Meade Kathryn Rae Murphy KLell Bayne Napps James Fnrestus Nichols Charlotte Anne O’Keefe Clifford Telford Peterson,Jr. Nils Theodore Peterson William Hunt Priest Daniel Kirkland Purdom Peggy Ann Raymer Nelson Davis Rodes, Jr. Jane Lawson Schmidt Mary Jane Scott Lorena Jane Smith Glenna Lee Taylor Phyllis Rae Taylor Carolyn Lou Toy Patsy Ruth Volner Charles Milton Waldron Edwin Hockaday Walker,IV Robert Wilbur Wickman Completing work for their degrees August 19 Emma Katherine Davenport Elizabeth Anne Eberts Shelby Tevis Faulconer Margaret Wheler Gammage e Sam Price Simpson Clarence M. Tabor Margaret Elizabeth Weaver Completing work for degree January 1937 Earl E. Bartlett The recommended by-law for section XIII, paragraph 2 e was presented and laid on the table for discussion and approval of the next full meeting of the Board, October 3O,1954. The proposed by-law is ns follows: ’’The engagement of a member of the faculty or a member of the admin­ istration by Centro College of Kentucky, unless otherwise stated in writing, is understood to involve the full tine of that person in the service of the College. Therefore, such a full-time member of the faculty or admin­ istration shall not accept outside employment, whether temporary or perma­ nent, without prior consultation with the President of the College and the approval of the trustees of the College, such approval to be granted in * writing "There will be times when by mutual agreement such outside employment will be considered desirable. However, it will be acceptable to the College only if it is within the professional field of competence, and thus related either to the teaching of the individual faculty member or in some other way has direct bearing on the responsibility of the College as a teaching Institution.” ��It is understood that the long summer vacation is not considered as being a part of the full-time of a faculty member's service tn the College, unless it has been so designated in writing and been so accepted by both the faculty member concerned and the College. President Groves reported the receipt of a letter from Colonel Lucien Beckner in which he expressed the opinion that he should refuse the honorary Bachelor of Arts degree previously voted him by the Board of Trustees. On recommendation of Committee #1, the following trustees were elected as of the class of 1958: Messrs. Baker, W. P. Caldwell, and Wachsc On the recommendation of Committee #2, Dr. T. Hunton Rogers was elected to fill the vacancy in the class of 1957, On the recommendation of Committee #2, the following trustees were elected as of the class of 1958: Miss Juliet Poynter, and George A. Joplin, Jr. It was voted that the alumni trustee to be nominated by the Board of Directors of the Alumni Association at their meeting at 1:30 p.m. Saturday afternoon, June 5, be regarded as the nominee of Committee #3 for membership on the Board of Trustees and be confirmed ns the representa tive of Committee #3 in the class of 1958. at the next meeting of the Board. (Mr. Ben W. Cregor was nominated by the Board of Directors at the afore mentioned meeting and will be sworn in at the fall meeting of the full Board ) * Dr. W. A. Benfield made a report on the progress of the Capital Funds Campaign of the Synod of Kentucky of the Presbyterian Church, U.S., stating that total gifts and pledges reported by June 4, 1954 amounted to $730,000. Dr. Benfield further reported that it seems assured that Centre College of Kentucky will receive nt least $200,000 from the cam­ paign including the $36,000 in cash and pledges from the Danville Campaign Mr. Hugh Nevin reported for the Building & Grounds Committee that the requirements of the State Fire Marshall and local Fire Department will require expenditures of from $7,500 to $10,000. Mr. Nevin also reported that plans for the Weisiger Art and Music Building are virtually complete and that work can begin within the next sixty days, so that the building will be ready for dedication nt commencenent time in 1955 The annual reports of the president, denn of the college, lean of women, director of admissions for men, director of admissions for women, director of publicity and alumni secretary, having been previously sent by mall to all members of the Board, it was agreed that it would not be necessary that these reports be read, but to invite the various officers of the administration to meet with the Board to discuss any or all items pretaining to their reports. This discussion brought forth suggestions for the solution ��309 of the problem of obtaining more students who can pay their own way at Centre College, together with the general problem of competition among colleges in offering scholarships today. The matter of the expansion of the women’s department was discussed and Dean Mary Sweeney stated that she was interested in increasing the enrolment of women and hence greater dormitory space to accomodate the increased number of women students. There was also considerable discussion of the problem of more effective use of summer conferences now held at the College for good promotion purposes. Mn Logan Caldwell, treasurer of the College, reported for the Finance Committee of the Board of Trustees. It was voted that the recommendations of the United States Trust Company for selling and purchasing certain bonds and stocks (See minutes of Finance Committee) be approved. It was voted that the United States Trust Company of New York be retained for an additional year beginning September 1, 1954, as investment counsel on the sane terns as the contract for the fiscal year ending August 31, 1954. It was voted that the Kentucky Trust Company be retained for an additional year beginning September, 1954 as custodian of the securities of the College on the sane terras as the contract for the fiscal year ending August 31,1954 It was voted that the firm of Hifner, Fortune, and Potter be em­ ployed as college auditors for the accounts for the fiscal year, September 1, 1953 through August 31, 1954. Mr. Robert Tate, president of the Board of Overseers of Centre College of Kentucky was invited to meet with the Board of Trustees to make the annual report of the work of the Board of Overseers. Mr. Tate presented the report in writing and commented briefly on the fine work of each of the committees of the Board of Overseers. (See fi es on Board of Overseers.) l President Groves presented a proposal concerning the establishment of a memorial for the late Chief Justice Fred M. Vinson. Following the discussion of this proposal, it was voted that the Chairman of the Board, Mr. Ike Lanier, appoint a special committee on the Fred M. Vinson Memorial to work with the Executive Committee of the Board in carrying out such details of the program as may be agreed upon. It was further voted that the Alumni Association not be requested at this time to make the Vinson Memorial its project for the Alumni Fund campaign for the year 1954-1955 A request from the directors of the Alumnae Association was presented to the full Board for direct representation on the Board of Trustees. It was voted to reply to the directors of the Alumnae Association that this request would be studied further and a full report made to them as soon as possible. ��■■ *■ ■* ■ Messrs, E. T. Boles, Paul G. Blazer, Dr. T. Hunton. Rogers and. Dr. John R. Gosney were duly sworn in and took office as members of the Board of Trustees. Adjournnent F. Pierce Lively Secretary 310 ��Budget Comparison-Centre College of Kentucky Operating Fund Budget 1953-54 Income Student Fees General Fees Other Fees Endowment Unrestricted Real Estate (Unrestricted) Restricted Gifts-Church Boards Synod of Ky., U. S. Board of Christian Education Auxiliary Enterprises Residence Halls, K. C. W, Residence Halls, Wiseman Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria-Centre College Tea Room-K. C. W. Coffee Shop-Centre College Bookstore & Postoffice Other Non-Educational Income Gifts-Living Endowment Ky. Independent Coll. F’dation Churches-Living Endowment Alumni & Alumnae Associations Student Activities Health Service Athletic Dept., Centre Scholarships & Grants Other Income Totals: Quota Apr.30’54 Realized Apr.30 5 *4 181,000.00 1,414.00 182,414.00 175,400.00 942.66 176,342.66 184,486.90 1,023.50 185.510,40 9,086.90 80.84 9.167.74 57,700.00 21,867.00 13 ,380.00 92,947.00 38,466.00 17,468.00 8.920.00 64,854.00 43.6o4.24 17,244.94 9.111.33 69,960.51 5,138.24 (223.06) 14,000.00 8,400.00 22,400.00 9,333.33 5 ,600.00 14,933.33 9.427.31 7.073.76 16,501.07 93.98 1,473.76 1.567.74 20,425.00 2,475.00 11,875.00 5,700.00 64,395.00 41,562.00 3,500.00 16,000.00 18.500_._00 184,432.00 20,100.00 1,875.00 11,739.64 4,560.00 48,885.42 38,792.91 2,800.00 14,430.61 18,500.00 161,683.58 20,785.00 2,769.50 11,623.30 4.943.32 48,885.42 38,792.91 2,827.13 14,430.61 19,990.54 165,047.73 685.00 894.50 (116.34) 383.32 .00 .00 27.13 .00 1.490.54 3364.15 12,132.00 12,500.00 7,000.00 18,0r0.00 3,500.00 2,010.00 12,210.00 34,845.00 6500.00 108.697.00 8,088.00 8.333-33 3,666.66 1,500.00 3,5OO.O0 2,010.00 12,210.00 23,230.00 4.333.33 66,871.32 12,323.24 8,000.00 4.589.77 1,500.00 3,500.00 2,010.00 10,564.83 25.697.39 3.975.62 72.160.85 4,235.24 (333.33) 923.ll .00 .00 .00 (1,645.17) 2,467.39 357.71) 5.289.53 590,390.00 484,644.89 509,180.56 24,535.67 Over (Under) ___ 191.33 5 .106.51 ��Budget Quota 1953-54___ Apr.30'54 Expenditures Administration & -General President’s Office Business Office Treasurer's Office Dean & Registrar's Office Alumnae & Student Pro., Women Dean of Women's Office Admission & Student Pro., Men General Expense Board of Trustees Expended Apr .30'54 (Over) Under 14,286.00 10,610.00 5,270.00 11,272.00 6,565.00 4,252.00 5,700.00 12,170.00 100.00 70,225.00 9,524.00 7,073.33 3,513.33 7,514.66 4,276.66 2,834.99 3,800.00 8,146.66 66.66 46,750.29 11,017.78 7,225.72 2,930.69 7,382.50 4,444.08 2,721.27 2,932.66 8,022.03 ______ .00 46,676.73 (1,493.78) (152.39) 582.64 132.16 (167.42) 113.72 867.34 124.63 66.66 73.56 144,264.00 14,840.00 67,520.00 13,643.00 240,267.00 97,617.13 10,640.00 47.396.26 9,997.91 165.651.30 100,088.33 10,690.46 50,675.61 9,852.99 171,307.39 (2,471.20) (50.46) (3.279.35) 144.92 (5,656.09) 14,875.00 2,085.00 200.00 9,767.00 5,000.00 61,195.00 39,484.00 3,325.00 15,200.00 17.575. 00 168,706.00 10,716.66 1,590.00 133.33 7,011.33 4,000.00 46,441.15 36,853.27 2,654.26 13,630.61 19.065.54 142,096.15 10,043.81 1,103.88 57.65 7,201.95 5,064.24 47,345.44 38,718.02 3.031.67 13,589.34 19,172.71 145,328.71 672.85 466.12 75.68 (190.62) (1,064.24) (904.29) (1,864.75) (377.41) 41.27 (107.17) (3.232.56) 8,72O.OO 13,685.00 3,500.00 2,010.00 14,777.00 67,255.00 3,110.00 1,800.00 1,235.00 116,162.00 5,953.68 9,123.33 1,596.44 1,240.00 14,589.34 67.255.00 1,560.00 1,375.00 823.33 103,516.12 6,003.01 10,822.33 1,596.44 1,194.84 14,913.29 68,893.75 1,291.18 1,375.00 776.00 106,865.84 ( 49.33) (1,699-00) .00 45.16 (323.95) (1.638.75) 268.82 .00 47.33 (3,349.72) 595.36O.OO Totals: 4,470.00 Budgeted Deficit, 1953-54 Budget Gain at Apr.30, 1954 (Not) 458,013.86 470,178.67 (12,164.81) Instructional Instructional Expense Library Operation & Maintenance Endowment Real Estate Auxiliary Enterprisers Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. W. Coffee Shop, Centre Bookstore & Postoffice Other Non Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept., Men Scholarships & Grants Bus Service Housemothers, Fraternity Houses Central Stores Warehouses 12 ,370.86 ��April 30, 195^ Centre College of Kentucky Balance Sheet statement-operating Fund Assets Current Funds A. General Fund Cash in Bank Cash on Hand 2,735.36 1,265.00 4,020.36 1,550.00 16,404.02 12,000.00 Notes Receivable Accounts Receivable Kentucky Synods Educational Campaign Due From Other Funds: From Farris Fund From Evans-Sumrall Sch. Fund 6,748.83 9,908.75 16,657.58 16,444.11 5,664.18 23,227.80 Inventories Deferred Expense Prepaid Insurance Total Assets-Current Fund: 95,968.05 Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld Borrowed Money 7,600.69 13,959.66 4,519.70 191.30 106.70 905.32 26,500.00 53,783.37 Due Other Funds: Alumni Fund Scholarship Fund Prize Fund D. K. E. House Fund 11,000.00 5,130.97 4,683.87 51.68 20,866.52 Prepaid Charges: Cafeteria Meal Tickets Board Charges, K. C. W. 6,118.54 7,653.32 Reserves: Gifts for Designated Purposes Research Program Athletic Department 4,300.00 9,000.00 396.75 Agency Funds: Room Damage & Key Deposits Total Liabilities: t Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at April 30, 1954 13,771.86 13,696.75 1 200.50 102,319.00 57,476.57 51,125,62 6,350,95 95968.05 ��Statement of Income & Expense Centre College Operating Fund April 30, 1954 Income Educational & General Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. W. Coffee Shop, Centre Bookstore & Postoffice Other. non-educational Gifts Gifts, Alumni Fund-Alumnae Student Activities Health Service Athletic Dept., Centre Scholarships & Grants Other Income Expense, Endowment Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemothers, Fraternity Houses Central Stores Warehouse Expense 284,730.31* 208,131.13 20,785.00 2,769.50 10,043.81 1,103.88 57.65 7,201.95 5,064.24 47,450.95 39,247.11 3.031.67 13.589.34 19,172.71 145,963.31 11,623.30 4,943-32 48,885.42 38,792.91 2,827.13 14,430.61 19,990.54 165.047.73 24,913.01 1,500.00 3,500.00 2,010.00 10,564.83 25,697.39 3,975.62 1,596.44 1,194.84 14,913.29 68,893.75 72,160.85 521,938.89 470,813.27 521,938.89 Total Income-Expense: 9,852.99 6,003.01 10,822.33 1,291.18 1,375.00 776.00 116,718.83 51.125.62 521.938.82 Operating Gain at Apr. 30, 1954 ♦ See Schedules Attached �• ••• .V . s eoac- Af</ ■JuaetiK- , aileH sace&gBK af>I’ jr^isE3^'; •! XbH aonebUsl .sIXsE e -.3 .0 . ’ ,XIbH rtduei* tail©d«fte9 .0 .a <®OOn stJiksO -,qoxI2 ©s*>lo3 . ' •'* odao^'• ■> ' ■ "' • ^21? ’ ’fr’-ftr1 ' «1' enK) A-tnxA* IsttzlA ,8d’Yl< *813tviSoA dnehndr sorvnfrS rid^oE ..dgod ot^sIHdA BidcsO ■■: fiiO ??» a<jid2’t£sf or.' 2 eaoonl isrfdO U dfi BwobdSt ,c«snor€i I- ; <d 10 nnoidsli-fi oHdx.^ .3 ,1 A 631110 larxtfA * aolV7s8 «ju£ .: : ' ,-» )f tor v tn. . sfioqiE-snoon X Lr :■ cT �April 30, 1954 Schedule A Educational & General-Income • Student Fees Tuition & Fees Other Fees Total Student Fees 184,486.90 1,023.50 185,510.40 Endowment Income Unallocated Endowment Income Beal Estate, Unrestricted Restricted Endowment Total Endowment Income Gifts-Church Boards Synod of Ky., U. S. Board of Christian Edu., U.S..A. 65,080.96 17,244.94 392.94 82,718.84 9.427.31 7.071-76 16.501.07 284,730.31 Total Education & General Income Schedule B Educational & General-Expense Administration & General President’s Office Business Office Treasurer's Office Dean & Registrar's Office Alumnae Office & Stu. Pro. Women Dean of Women's Office Admissions & Stu. Pro. Men General Expense Board of Trustees Total Administrative & General Instructional Expense Instruction Library Operation & Maintenance Total Educational & General Expense 11,017.78 7,225.72 2,930.69 7,382.50 4,444.08 2,721.27 2,932.66 8,022,03 _______ ,00 46,676.73 100,088.33 10,690.46 50,675.61 161,454,40 208,131.13 ��16 Statement of Profit & Loss Cafeteria, Centre College Month of April Income: Students Employees Banquets & Dinners Conferences Training Table Total Income: Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China Kitchen Utensils & Expense Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs Supplies, Records, Etc. Exterminator Service Rents Total Expense: Gain or (Loss): 3,850.50 265.00 157.50 Year to Apr.30,1954 4,273.00 39,179.19 2,246.00 256.24 469.28 1,642.20 38.792.91 770.82 2,496.49 3,267.31 813.30 2,454.01 284.21 25,270-11 25.559.32 813.30 24,741.02 185.00 885.25 28.00 25.53 27.00 1,640.00 7.939.25 141.00 252.78 126.00 399.85 231.34 9.25 171.05 231.25 383.20 220.45 533.65 41.91 59.38 80.00 2,066.64 38,718.02 74.89 38.792.91 24.71 18.40 29.07 50.42 71.41 51.12 38.86 20.00 258.33 4,167.11 105.89 4,273.00 �.hexoic .I 1 c. . < t :: ■ 899fl3?slnod A raj y.I ,\ioJni val \.fic ; . U; ,xip^aoval ‘ ' :8??J ; aaixsLeS 89&sir cfaE slJx2 snJbfod) iol IquI 931 nV- •j?r «oiwxt rlt2 , an sail x.. •? Bxt»c9#V norisft T 'finBZ Xitnir?! ic IflV c H ,*to1 tarrS . . . '. Teo : ;(e b; *f .*’i J-'" .vq- i J UoT ;'T) 50 'itrO �Statement of Profit & Loss Dining Hall, K. C. W. Month of April,'54 Income: Students Faculty & Officers employees Guests Conferences 4,343.64 159.52 597.12 500.00 Year to Apr.30.1954 5,600.28 Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel, Cooking Ice Refrigeration Linens, Silverware, China Kitchen Utensils & Expense Janitor Supplies Laundry Electricity Water Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense: Gain or (Loss): 40,435.20 1,302.06 5,517.66 500.00 1,130.50 48,885.42 736.22 2.575.06 3,311.30 639.99 2.671.31 534.48 26,094.70 26,629.18 639.99 25.989.19 213.33 1,359.25 57.00 78.05 27.00 1,961.64 12.936.95 319.00 812.37 81.00 168.74 926.31 9.25 98.60 158.94 207.46 297.20 265-39 95.70 74.30 80.00 2,800.00 63.40 47,345.44 1.539.98 48,885.42 697.65 4.00 30.92 28.40 25.25 20.00 350.00 5.562.16 38.12 5.600.28 ��REPORT OF THS 13th ALUMNI-AE FUND (as of this date) June, 1954 Balance at the end of the 12th Fund, after disbursements $00. 00 Alumni (men) Contributions (1 July '53 4 June '54) Cash --------- ------------- $16,412.25 Unpaid pledges ---------140.00 Gifts other than cash (scholarships, etc)- 1,880.00 Total gifts, men- ------------------ $18, 432.25 432.25 Alumnae (women) Contributions, (IJuly '53 - - 4 June ’54-) Cash - - - - - - - - - - - - -- -- -- -Unpaid pledges --------------15. oo Gifts other than cash- ----------5.00 Total gifts, Women Totlcontributions to the l 13th Fund Contributors Men contributing gifts other than cash- - 6 contributing cash ----------- 818 contributing pledges- -------- - 13 total men contributing- ------- -' 837 Women contributing gifts other than cash- contributing cash ---------contributing pledges- -------total contributing- ------- W 837 44-0 Total all contributors, men and women- Restricted Gifts, 13th Fund Men D.A. Sachs III (athletic fund, football) - - - * 5-00 Dan D. Stewart, Jr. (Economics Dept. )----10.00 W. H. Cartmell (Buildings & Grounds)- - - - - 25.00 Stock dividend, (Permanent Improvement Fund) - 127.00 *Robert E. Wallace (Visual equipment) - - - - - 25O.OO Robert W. Fisher (Music and Arts Bldg) - - - - 5.00 George E. Broadie (Newsletter) -------2.00 Adam P. Walker (Building Fund) -------15.00 R.H. Robertson (for some deserving boy)- - - 10.00 Pitzer D. Black (Newsletter) --------2.50 Guy A. Greenawalt (Newsletter) -------2.00 Ormond C. Pailthorp (Newsletter) ------3.00 James Francis Miller (Newsletter)- -----1.00 Total restricted gifts, men - - - - 457.5O women Edith McClure Sutcliffe (K.C.W, Decorations) - §102.00 Margaret R, Moore (K.C.W. Decorations) ---- - 12.50 Anne Overstreet Rue (K.C.W. Interior Decoration) 15.00 Lydie D. Wood (Women's College)- ------2.00 5.00 Mrs. Steele Bailey (Women's Department)- - - 5.00 Mrs. J.E. Durrett (Alumnae Garden) -----15.00 Mrs. Rodes Read (Alumnae Garden) ------10.00 Mrs. Allen P. Dodd (K.C.W. Improvements) - - 25.OO John M. Healy (K.C.W. Improvements) - ---10. 00 Georgie G. McAfee (Decorations, K.C.W.)- - - 25.00 Gail Smith Shea (K.C.W. Interior Improvements) 15.00 Anonymous (Alumnae Garden & Decorations) - - Amelia Yerkes (Women's Division & Salarles(200) 250.00 10.00 Ruby Moss Cheek (K.C.W. Decorations) - - - - 1.00 Herschel W. Lamb (Newsletter postage) - 2.00 Mrs C.C. Cable (Newsletter)---- ------------- - - 5.00 Mrs J.W. Montgomery (K.C.W. Scholarship Fund) 5.00 Mrs James Mitchell (Newsletter) ------5.00 M rs H.H. Owens (Newsletter) --------5.00 Wm. E. Bryce (Alumnae Association)- - - 2.50 Gertrude Black (Newsletter)- --------10.00 Mrs. Thomas Cecil (Alumnae Garden) -----2.00 Mrs. Leslie Cunningham (Newsletter)- ----10.00 Miss Hyla M. Snider (Women's Division) - - - Mrs. L.L. Hinson (Newsletter)- -------- ■ 1.00 —-550.00 Total restricted gifts, women I checks already submitted to Centre College by Alumni Association ��MEEI NG OF THS EXECUTIVE COMMITTEE T 319 July 12, 1954 The meeting was called to order by the chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were Messrs. Lanier, Logan Caldwell, W. p. Caldwell, Gosney, Armstrong, Lively, and Nevin and President Groves. The minutes of the Executive Committee meeting of June 4, 1954, were approved as mimeographed and circulated. On the recommendation of President Groves, the appointment of Mr. Edwin Godsey as instructor in the Department of English at a salary of $3,0OO per year was approved. (See biographical data attached.) Mr. Arnicar made the report of the business office for operations through Juno 30, 1954. On motion it was voted that the report be received and filed. (See attached.) Mr. Hugh Nevin and President Groves reported on progress with the plans with the Weisiger Art and Music Building. It was voted to authorize Hr. Nevin to proceed with the preparation of preliminary plans for a com­ bination art, music and dramatics building, the results of which are to be reported at the next meeting of the Executive Committee. On the recommendation of Mr. Nevin, and in order to comply with the requirements of the State Fire Marshall, it was voted that two fire-escapes bo installed at the oast and west ends of Young Hall, and that the necessary fire-breaks also bo installed in the buildings on the women’s campus. It was further votod that estimates bo obtained for necessary fire-escapes in Old Main, and that those fire-escapes be installed at the discretion of the Buildings and Grounds Committee of v trustees. President Groves made a report on the stops which have boon taken to assure better conduct of the summer conferences hold on the campuses of the college, and also better use of these conferences for purposes of student * promotion President Groves reported from the admissions office that to date 163 new students (82 mon and 81 women) have registered for September 1954, as compared with 173 for the same date a year ago. It was further reported that Hr. Leech, Hr. Brummitt, Mr. Inman, and Mrs. Silcott are pursuing a program of student promotion, particularly in towns of Central Kentucky, and also in Westorn and Northern Kentuckyand Louisville. The report from the alumni office was road showing that total fund from the 13th Alumni Campaign has resulted in contributions of $22,603.50 from 1291 contributors. President Grovos reported that Mr. Charles Hook, Chairman of the Board of the Armco Stool Corporation, has accepted the invitation to be the commencement speaker at the commencement in Juno 1955. ��320 In reply to the request of the Phi Delta Theta Fraternity that the portrait of the late Chief Justice Fred M. Vinson bo lent to the Fraternity it was voted that the Fraternity bo informed that since this portrait was a gift to the college from the Alumni Association of Ashland, Kentucky, the college is not free to make this loan. It was voted to send to Mrs. Fred Vinson an outline of the proposal for the memorial of the late Chief Justice in order to obtain her permission for the launching of this campaign0 President Groves reported that the latest roport from the KYSEC Campaign indicates that a total of $768,000.00 has boon pledged. Adjournment 2<> ��Mr. Edwin Godsey is a graduate of Vanderbilt University in the class of 1953, During 1953 54 and during the summer term of 1954, Mr. Godsey has boon doing graduate work in the department of English, at VanderbiIt University, and at the end of this summer will receive the Master of Arts degree. Mr. Godsey is a native of Bristol, Tennessee. Ho is married. —is wife also is from Bristol. Mrs. Godsey is a graduate of East Tennessee state Teachers College. Mr. Godsey is 23 years of ago. Mr, Godsey is well recommended by the faculty of Vanderbilt University including Dr. John Adon, formerly of the faculty of Centre College. He has visited Danville and been interviewed by Dr. Hazelrigg, Dean Jones, Dr. Ritchie and President Groves. It was the unanimous opinion of this group that Mr. Godsey be invited to become a member of the English Department as an instructor. Mr. Godsey has since accepted the invitation. ����Budget Expenditures Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae & Student Pro., Women Dean of Women’s Office Admission & Student Pro., Men General Expense Board of Trustees Instructional Operation & Maintenance Instructional Expense Library Endowment Real Estate Auxiliary Enterprises Residence Halls, K. C. W. Residence Halls. Vise man Residence McReynolds Residence Halls, Breckinridge Centreville Dining Hall, K. C. W. Cafeteria, Centre Tea Room, K. C. V Coffee Shop, Centre Bookstore & Postoffice Other Eon-Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept. Men Scholarships & Grants Bus Service Housemothers, Fraternity Houses Central Stores Warehouses Wiseman Annuity Totals: Budgeted Deficit, 1953-54 Budget Loss at June 30, 1954 (Net) Quota June 30’54 expended June 30’54 (Over) Under 4,252.00 5,700.00 12,170.00 100.00 70.225.00 11,905.00 8,841.66 4,391.66 9,393.75 5.470.83 3.543.33 4,750.00 10,437.50 83.33 56,817.06 13.173.83 9,100.38 4,069.50 10,226.56 5.679.15 3,532.57 3.576.99 11,043.00 73.63 60.475.61 (1,268.83) (258.72) 322.16 (832.81) (208.32) 10.76 1,173.01 (605.50) 9.70 (1.658.55) 67,520.00 57,458.33 61,678.83 (4,220.50) 144,264.00 14,840.00 13.647,00 240,267.00 126,101.63 12,883.33 11.820,45 208,263.74 128,221.29 13,075.65 11,301.09 214.276,86 (2,119.66) (192.32) ___ 5.12-3.6 (6,013.12) 14,875.00 2,085.00 200.00 9,767.00 5,000.00 61,195.00 39, 484.00 3,325.00 15,200.00 525.OO 17, 168,706.00 13,522.70 1,737.50 166.66 8,389.16 5,000.00 59,239.^3 39,484.00 3.325.00 15,200.00 17.575,00 163.639.45 12,559.96 1,178.36 61.68 8,653.50 5,615.43 59,239.43 47,413.66 3,675.81 16,728.68 20,790.25 175 .916.76 962.74 559.14 104.98 (264.34) (615.43) .00 (7,929.66) (350.81) (1,528.68) 14,286.00 10,610.00 5,270.00 11,272.00 6,565.00 a (12,277.31) * 8,790.00 13,685.00 3,500.00 2,010.00 14,777.00 67.255.00 3,110.00 1,800.00 1,235.00 _______ .00 116,162,00 595,360.00 4, 470.00 6,276.71 11,404.16 3,500.00 1,425.00 14,617.00 67,255.00 1,950.00 1,275.00 1,029.16 _______ .00 108.732.03 539,452.28 7,073.57 14,814.24 3,810.80 1,412.82 16,210.04 69,633.85 1,633.23 1,275.00 933.50 1.250,00 118,047.05 568,716.28 H H H H I I /■ \| S I (796.86) (3,410.08) (310.80) 12.18 (1,593-04) (2,378.85) 316.77 .00 95-66 (1.250.00) (29,264.00) (1,297-20) I » ��Centre College of Kentucky Balance Sheet Statement Operating Fund June 30, 1954 Assets Current Funds A. General Fund Cash in Bank Cash on Hand 6.550.96 1,085,00 Notes Receivable Accounts Receivable Kentucky Synod’s Educational Campaign Due From Other Funds: From Farris Fund From Evans-Sumrall Sch. Fund 7,635.96 1,550.00 9,508.36 12,000.00 7,060.76 -9,906.75 16,969.51 Inventories Deferred Expense Prepaid Insurance Total Assets-Current Fund: Liabilities Current Funds A. General Fund: Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax State Withholding Tax Hospitalization Insurance Salary Savings Social Security Taxes Withheld Borrowed Money 17,403.06 5,664.18 21,290.66 9,2.021.73 16,050.49 14,291.12 6,805.38 169.28 186.77 106.70 1,364.60 43,500.00 82,474.34 Due Other Funds: Scholarship Fund * Prize Fund Building Fund D. K. E. House Fund 5130.97 4,137-67 129.69 51.68 9,450.01 Reserves: Gifts for Designated Purposes Research Program Athletic Department 15,457.63 10,000.00 421.80 25,879.43 Agency Funds: Room Damage & Key Deposits Total Liabilities: Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at June 30, 1954 200.50 118,004.28 57,476.57 31,494.02 25.982._51 92 02173 ��325 Statement of Income & Expense Operating Fund, Centre College June 30, 195^ Income Educational & General Auxiliary Enterprises Residence Halls, Woman’s Dept. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, Woman’s Dept. Cafeteria, Men’s Dept. Tea Room, Woman’s Dept. Coffee Shop, Men’s Dept. Bookstore & Postoffice Other, Non Educational Gifts Gifts, Alumni Fund-Alumnae Student Activities Health Service Athletic Dept., Centre Scholarships & Grants Other Income Expense, Endowment Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemothers, Fraternity Houses Central Stores Warehouses Wiseman Annuity 315,337.90* 20,875.00 3,477.50 11,623.96 5.922.32 62.841.37 48.319.lo 3.563.71 18.134.18 21.494.11 196,251.25 27,863.01 12,750.00 3,500.00 2,010.00 10.623.33 27.287.49 4,722.53 88,756,36 Total Income-Expense: Operating Gain At June 30, 1954 600,345.51 6OO.345.51 ♦ See Schedules Attached Expense 263.U51.41 12,559.96 1,178.36 61.68 8.653.50 5.615.43 59,395.20 47.393.07 3.675.81 16,728.68 20.790.25 176,051,94 3,810.80 1,412.82 16,210.04 69.633.85 11,301.09 7,073.57 14814.24 1.633.23 1,275.00 933-50 1,250,00 129.348.14 568,851.49 31.494.02 600,345.51 ��June 30, 1954 Schedule A Educational & General Income Student Fees Tuition & Fees Other Fees Total Student Fees 191,274.40 1264.62 Endowment Income Unallocated Endowment Income Real Estate, Unrestricted Restricted Endowment Total Endowment Income Gifts-Church Boards Synod of Ky. U. S. Board of Christian Edu..U.S.A. Restoration Fund 192,539.02 83,654.02 18,823.60 564.19 103,041.81 12,217.31 7,073.76 466.00 19.757.07 315.337.-90 Total Educational & General Income Schedule B Educational & General-Expense Administration & General President’s Office Business Office Treasurer's Office Dean & Registrar’s Office Alumnae Office & Stu. Pro. Women Dean of Women’s Office Admissions & Stu. Pro. Men General Expense Board of Trustees Total Administration & General Instructional Expense Instruction Library Operation & Maintenance Total Educational & General Expense 13,173.83 9,100.38 4,069.50 10,226.56 5,679.15 3,532.57 3,576.99 11,043.03 .. 73 ,63 60,475.64 128,221.29 13,075.65 61,678.83 202,975.77 263,451,41 ��Statement of Profit & Loss Cafeteria, Men’s Dept. Month of June, 1954 Income: Students Employees Banquets & Dinners Conferences Training Table Total Income! Expense; Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel for Cooking Ice Refrigeration Linens, Silverware, China kitchen Utensils & Expense A Janitor Supplies Laundry Electricity Water Fuel for Heating Repairs * Supplies, Records, Etc. Exterminator Service Rents Total Expense: Gain or (Loss): 826.28 135.00 16.50 2,685.60 3,663.36 604.23 .■14.695,64 2,299.8? ___ 261,6.2. 2,036.25 185.00 938.00 167.50 6.03 21.05 2.40 30.55 41.23 .60 258.,31 3,686.94 (23.56) 3,663.38 Year to June 30. ’54 40,529.28 2,649.50 343.24 3,154.88 _1,642.20 10 48319. 284.21 30267.96 30,552.17 __ 2.63.,62 30,288.55 2,010.00 9.272.75 320.50 269.65 162.00 349.85 252.39 9.25 182.85 304.83 471.75 220.45 533.65 41.91 59.98 80.00 3,583.30. 47,413.66 ��Statement of Profit & Loss Dining Hall, Woman’s Dept. Month of June, ’54 Income: Students Faculty & Officers Employees Guests Banquets & Dinners Conferences Expense: Inventory, Beginning Purchases Total: Less: Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Fuel, Cooking Ice Refrigeration Linens, Silverware, China Kitchen Utensils & Expense Janitor Supplies Laundry Electricity Water Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense: Gain or (Loss): 1,214.19 159.52 736.12 225.00 404.50 3.567,25 6.3O6.58 536.34 -3.028.94 3.565.28 690.25 2,875.03 213.33 1,803.50 13.00 61.22 24.00 (32.49) 10.40 24.81 29.78 2.84 8.76 350.00 5,384.18 922.40 6.306.58 Year to June 30, '54 48,036.43 1,621.10 6,864.59 725.00 896.50 4697.75 62,841.37 534.48 32.889.37 33,423.85 690.25 32,733.60 2,388.30 16,200.39 386.00 934.59 105.00 168.74 1,043.67 15.90 129.80 211.44 263.72 467-77 265.39 104.29 100.58 80.00 3,500.00 140,25 59,239.43 3,601.94 ��NESTING OF THE EXECUTIVE COMMITTED 329 October 1, 1954 The meeting was called to order by the chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were Messrs. Lanier, Logan Caldwell, W. P. Caldwell, Armstrong, Gosney, Lively and Wachs, and President Groves. The minutes of the meeting of the Executive Committee meeting of July 12, 1954, were approved as circulated. President Groves and Mr. Ike Lanier reported on their visits to New York City, particularly the visit with Colonel Joseph Hartfield, in connection with the project for a memorial to the late Chief Justice Fred M. Vinson. The Business manager, Mr. Arnicar, made a report for the ending of the fiscal year as of August 31, 1954, showing an excess of income over expenditures of $6,168.61, It was voted to receive and file the report. The Budget Committee presented a revised budget as of September 28, 1954, in view of the revisions made necessary by the lower enrolment com­ pared with the expected enrolment as of July, 1954. The new budget shows a decrease in income in spite of the elimination of a number of expendi­ tures of $22,214.84. However, the actual anticipated deficit after the application of the $10,000 to be received, according to the contract for research from the West Virginia Pulp and Paper Company, will be $12,214.84. President Groves pointed out that it would be very difficult to keep the deficit within that figure, though every effort would be made to do so. Meantime, ways and means must be found to raise this balance if the deficit is to be avoided. It was moved to accept this proposed budget from the Budget Committee as the operating budget for the year 1954-1955- President Groves presented a report on the present enrolment situation at Centre. (A copy of this report is attached.) Following this report there was a good discussion and several steps in addition to those mentioned in the statement of President Groves were agreed upon as follows. 1, More use should be made of trustees, especially of those living away from Danville in student promotion. Directors of admission should call on the trustees whenever they are in their communities to get as much assistance from them as they can. 2. Those in charge of student promotion should intensify their efforts during the summer months and particularly during the month of August. 3. In addition to letters to students who applied for admission, i ��330 -2- were accepted, and. did. not register, the attempt also should be made to have a trustee or an alumnus living in the area of those students interview them and possibly also their parents to ascertain as clearly as they are able the reason or reasons why these students did not finally register at Centre College. An analysis is to be made of this study to see whether any cor­ rections in procedures and program at Centre should be followed. 4. The question was raised as to whether or no those in charge of student promotion should not consult with those experienced in ”salesman­ ship” to see whether there are legitimate sales methods which they should be using, but which are not now in practice. 5. Other similar suggestions were discussed. (Note. Since the meeting on Friday, on the following day, Saturday, October 2nd, a full discussion of the report of the President and its discussion on student enrolment has been had with all the members of the administrative staff and particularly Mr. Brice T. Leech and Mrs. Katherine Silcot.) ♦ President Groves reported on the progress which Mr. Nevin and Mr. Morgan are making with the plans for the Wei si ger Art and Music Building. More definite reports will be ready for the full meeting of the Board of Trustees on October 30. President Groves reported the receipt of letters from Dr. E. Fay Campbell, General Secretary for Higher Education for the Board of Christian Education of the Presbyterian Church in the United States on the matter of segregation, as well as the actions of the Synods of Kentucky of the Presbyterian Church in the U.S. and the Presbyterian Church in the U.S.A, recommending ”to the trustees of the institutions of higher education that they open their doors to all races.” (Copies of this letter from Dr. Campbell, as well as copies of these actions of the Synods of Kentucky are attached.) After discussion, it was agreed to defer this matter for discussion by the full Board of Trustees at the meeting on October 30, that in the interval further information is to be collected, if possible, as to what other colleges in our area are doing in this problem. It was agreed that the next meeting of the Executive Committee be on Friday, October 29, at 3:^0 p.m., and the meeting of the full Board on Saturday, October 30, at 10:00 a.m. Adjournment ��1 . Memorandum on enrollment Situation, Executive Committee Meeting, October 1 1954 The enrollment as of September 30, 1954, is 381 as compared with 392 a year ago. (This enrollment of a year ago is of a slightly later date than this year’s so that there may be one or two additions to the 381) • New students enrolled are 153 as compared with 192 last year. Had there been the same number of new students this year, the enrollment would have been 420, which is exactly the enrollment predicted in June by the admissions office on the basis of advanced registrations on that date. The biggest single decrease this year as compared with last year is in freshman men, 68 freshman men being in the freshman class this year as against 94 a year ago. The next large decrease is in the total enrollment in this year’s senior class which is 46 as compared with 63 last year. It should be noted, however, that this year's sophomore and junior classes slightly larger in number than those same classes a year ago. What happened between June and September 1954, is baffling. There were 210 paid registrations by now students in 1953. (1) There were 235 paid registrations by new students in 1954, -(2) • Of some 60 who wore accepted as new students, but did not appear, 17 had been granted scholarships totalling $12,000. (3) .* .Advance reports indicate that every other four-year college in Kentucky, whether tax-supported or independent, enrolled more new students this- year than a year ago. Thus, what happened at Centre, apparently happened without any known reason, (4) There has been no change in the proportion oi enrollment of Presbyterian * students 30.2%. 58 of the 192 new students enrolled in 1953, wore Presbyterian, This year 49 of the 153 new students, or 32%, indicated the -Presbyterian. Church as being the church of their membership or the church ��It would appear therefore that tho absence of Dr- Stewart of their choice. made mo appreciable difference in the over-all situation. Certain things are clear. (1) . Centre’s fees are the highest of any college in the state, though not higher than comparable colleges in neighboring states, such as Sewanee and Southwestern in Tennessee, booster and Kenyon in Ohio, or Furthermore, there is no evidence that Washington and Leo in Virginia. Centre’s fees are a handicap. There arc 70 freshman girls enrolled this year as against 74 freshman girls a year ago. The higher foes, therefore, did not make any appreciable difference in the enrollment of freshman girls. (2) . While Centre has not raised its entrance standards, yet it is maintaining requirements which arc higher than any other four- year college in Kentucky. present standards. This is not now, nor is it desirable to lower A graduate from any accredited high school who is in the upper half of his class is admitted without examination. Those in the lower half of their graduating class, who are well recommended, are given A.E. C. tests, and those who make a qualifying score on these tests arc admitted. down. This past year there were 14 who took these tests who were turned 10 who took them were admitted, though of this number three did not appear. (3) . Center’s academic requirements at certain points are higher than any other college in teo state. Entering students who cannot pass a simple mathematics test arc required to take remedial work in mathematics with college credit. Three years of language at the college level are required for the B.A. degree. No other college in the state requires more than two. But while those requirements are not now, it may be that Centro’s reputation academically is such that the reservoir of students in ��Kentucky from which it may draw is relatively small, and it is a reservoir which is not increasing in the seme ratio as the over--all increase in the population of the college-age group- In viewing the total picture, there arc certain things to be kept in mind. (1) .In 1951 the freshman class numbered 117. 112. In 1953 it was 167. This year it is 138- In 1952 it was (There are 15 other new students who are transfers from other colleges and old students who arc returning after a year or more absence) . (2) . 1952 it was 345. The total enrollment in October 1951 was 385, In October 1953 it was 392. In October In October 1954 it is 381. Thus, while the over-all situation is not as good as it should be, nor as good as was expected, yet the deviation is not one that should be the cause of unduo alarm, There is ono phase of the picture though, that is a matter of real concern. 198. In 1951, the men’s enrollment was 238. In 1953 it was 219. In 1954 it is 214, In 1952 it was Thus, though the October 1951 enrollment stood at 385 as compared with 381 this year, the men’s enrollment stood at 238 whereas this year it is 214, The weakness in the present enrollment, therefore, is not really in the decline from 392 to 381, but rather in the decline in the enrollment of men Loth in the entering class and in the student body as a whole, Some stops have already been taken in an attempt to remedy this situation. (1) Mr. Brice T, Leech has been relieved of all other duties so as to bo able to devote his full time to men’s student promotion. (2). Mr. Brummett has boon made head basket-ball coach, so that Mr. T. B. Inman will bo able to dovote some of his timo, as soon as the football season closes, to men’s student promotion. (3). Mr. John Frazer is to ��do some men's student promotion principally among the Tennessee preparatory schools. If possible, ho will bo freed from teaching responsibilities for the second semester to do full-time men's student promotion (4) Mr. Stanhope is continuing his part-time work in Westechester County in Now York State. (5), A second promotional agency in the Now York area, in addition to the one employed last ycar, will be at work this year. (6)Negotiations have been started to see whether or not the former director of admissions of the University of Deleware, now retired, cm accept part-time employment in the Philadelphia, Wilmington and Baltimore area for student promotion * Meantime, a canvass is being made of new students who registered and who were accepted, but who did not enter, to sco if anything will bo brought to light by this study which will be of use in building the enrollment to something over a minimum of 430 students in the next several years. Finally plans arc being made for a thorough- going study and appraisal of all aspects of the curriculum of the college which Trustees, Overseers, Alumni (ae), and specialists from outside the Certre College family will bo used in an attempt to see whether or not there are desirable changes in the light of present day needs that should bo make in the curric­ ulum. Thesc committees will bo announced as soon as possible this fall. This long range study inevitably will reflect itself in some recommendations for change which will affect the enrollment situation. ��TEE BOARD OF CHRISTIAN EDUCATION of the PRESBYTERIAN CHURCH in the UNITED STATES of AMERICA (COPY) July 16, 1954 Dear College Presidents: This letter has to do with the segregation issue, A recent talk width Dr, Payne has prompted me to write. Several of you have told us about the actions taken by your Boards of Trustees in regard to the college’s policy on admitting Negroes. As you know, Westminster Fellowship has expressed itself through its National Council, In addition, many ministers have begun to raise questions about policies which some of the colleges are pursuing. We feel that the Board of Christian Education should take rather definite action at its November meeting, which action can be reported to the next General Assembly. It is our hope that we can reassure the General Assembly that progress is being made toward abolishing segregation from all of our colleges. In fact, we believe this is almost mandatory in light of the mood of the church and the pronouncements of our General Assembly on the matter. We know that most of our colleges have been accepting Negro students without any restriction for many years, but we must have all the facts we can collect so as to tell the true story. Some of the colleges have not felt it necessary to take any action in the matter in recent months because of a long-standing tradition of integration. However, will you please send me an official transcript of your college’s policy on this matter? I should appreciate also some ’-'ord as to whether there are Negroes currently enrolled in your student body, and, if not, how recently there have been— and what the general pattern has been through the years. I apologize for one more letter on the race question, but the Church andthe public are forcing the issue. You will recall that the General Assembly at its New York meeting in 1952 added to the areas where Presby­ terian-related colleges should be studied (Christian penetration, academic competence, economic stability and strategic importance) a fifth: "inter­ racial enrollment opportunities.” When we have your replies, we shall ask the Advisory Committee to join with us in preparing some statement which our Board oi Christian Education can present to the General Assembly. Thank you very much for your co—operation, and for sending me this information as promptly as you conveniently can. Sincerely, E. Fay Campbell, Secretary Division of Higher Education ��RESOLUTION ON ANTI-SEGREGATION Passed by the Synod of Kentucky, U.S.A. Thursday, July 22, 1954 Resolved, That, in conformity with the action of the General Assembly of the Presbyterian Church, U.S. of May 29, 1954, and the General Assembly of the Presbyterian Church, U.S.A.of May 31, 1954; 1. This Synod affirms that enforced segregation of the races is discrimi­ nation, which is out of harmony with Christian theology and ethics. 2. That Synod especially urges (1) That the trustees of the institutions of. higher education of the Synod adopt a policy of opening the doors of these institutions to all races. (2) Each institution to take the steps best fitted to its situation, and that each institution report its progress to Synod at its meeting in 1955. (3) That the sessions of local churches admit persons to membership and fellowship in the local church on the Scriptural basis of faith in the Lord Jesus Christ, without reference to race. (4) In this time of crisis and concern, Synod commend to all individuals in our communion, and especially to all leaders of our churches and institutions, the earnest cultivation and practice of the Christian graces of forbearance, patience, humility and persistent goodwill. ��Pursuant to the action of the 195b General Assembly on the Report on Christian Relations, the Synod of Kentucky affirms its belief that enforced segregation of the races is discrimination which is out of harmony with Christian ethics and theology. We therefore recommend to the trustees of the institutions of higher education, and to the other agencies re­ ceiving support from Synod, that they open their doors to all races. We further urge that the sessions of local churches admit persons to member­ ship and fellowship in local congregations on the Scriptural basis of faith in the Lord Jesus Christ without reference to race, D.Y. Page, Chr. Joe T. Sudduth COPY OF ACTION TAKEN BY THE SYNOD OF KENTUCKY, U.S., JULY 195b. ��MINUTES EXECUTIVE COMMITTEE MEETING October 29, 1954 The meeting was called to order by the chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were Messrs. Lanier, L. Caldwell-, W. P. Caldwell, Gosney, Armstrong, Baker, Van Winkle, and Lively,and President Groves. After the presentation of a statement on the enrolment situation, it was recommended that an additional person be employed to do student pro­ motion for men. It was voted to grant the use of the office in old Centre formerly used by Vice President Stewart to the Regional Director of Christian education for the Synods of Kentucky, rent free. It was further voted that such renovations of the room as are approved by Mr. Hugh Nevin be authorized with the understanding that the expense for these changes be born by the two Synods. A report was made by the President on plans for curriculum revision, now being discussed by the heads of the departments of the college, applying the following standards. Every faculty member is to carry 15 credit hours of class work. 2. On the other hand, no course is to be offered for which there is not the certainty.,on the basis of recent experience, of at least six students enrolled. However, it will be recognized that because of previous commitments, some courses will have to be offered which will not enrol this minimum. Such offer­ ings are to be kept to a minimum, and future offerings are to be revised so as tc eliminate them as far as possible. 3. The average teaching load of each department is to be 225 student hours (course credits times students enrolled in course) for each faculty member for 1955-1956. 4. The work of each department is to be so planned as to increase this teaching load to an average of 3^0 student hours per faculty member within the next several years. 5. It is believed that by applying these standards, improvements in the curriculum of the college contemplated for some time, will be put into effect. The following new salary scale as proposed by the President was approved. Full Professors $4,500 to $6,000 Associate Professors 3.600 to 5.200 Assistant Professors 3,300 to 4,400 Instructors 3,000 to 3.600 �J n 10 ’ �It was further voted, that the salaries of the dean of the college and the business manager be established, at the professorial level, supple­ mented. by 1/5 of the base salary in consideration of the fact that the work of these officers is on a 12 months basis (with one month’s vacation) and also their work does not permit the advantages which the regular faculty members have of the longer holidays of Christmas and Easter. It was further voted that the salary of the dean of women should be that of a full professor in that the work of this office at the present time covers only ten months and also permits the dean of women to take advantage of the longer holidays. It was further approved that the salaries of the head librarian, the registrar, the dean of men, the alumni and alumnae secretaries, the admissions counsellors, the superintendent of buildings and grounds, and other adminis­ trative officers shall be determined on the basis of the effectiveness of work and years of service with the college,and in general these salaries are to be computed within the ranges of the salaries of either assistant professors or associate professors, with the further understanding that these salaries are for 12 months (with one month’s vacation). The request of the Board of Directors of the Alumnae Association concerning representation on the Board of Trustees of the college made In June 1954, was read and after discussion the following action was voted. • In view of the fact that there is a Board of Visitors for the Women’s College on which there are representatives elected by the alumnae of the Women’s College, charged with the general oversight of affairs effecting the Women’s College, which Board can and does make its recommendations direct­ ly to the Board of Trustees of the College, and in view of the further fact that there are now two women members on the Board of Trustees of the college, elected in response to the request of the Board of Directors of the Alumnae Association of June 10, 1949, it is the opinion that the Alumnae Association does now have access to and representation on the Board of Trustees of the college, even though those members are not elected directly by the members of the Association. Furthermore, it should be pointed out that the recent request of the Directors of the Alumnae Association, if put into effect as suggested, would make it necessary to revise the charter of the college, which is inadvisable, and it would also raise a question as to the place and function of the Board of Visitors of the Women's College, which the Board of Trustees deems unwise to raise in view of the fine job which that body now does for the Women’s College and through which the alumnae are able to operate effectively. It was voted in reply to a request from the undergraduate chapter of the IKE fraternity for the enlargement of the fraternity house to state that the Board of Trustees can take no action on this at the present time. Mr. Lanier appointed Messrs. Gosney and Logan Caldwell to prepare a resolution on the death of Mr. John Edward Wiseman, which occurred on July 15, 1954, since the last meeting of the Board of Trustees. For recommendation on the problem of segregation, see recommendation of the Executive Committee to the Board of Trustees, minutes of October 30,1954 Adjournment. F. Pierce Lively, Secretary ��I 340 Board, of Trustees Meeting MEMORANDUM October 30, 1954 VINSON MEMORIAL 1‘ October 8, 1953. Obtained, some names from Congressman Gregory of those to be approached for gifts. 2. Proposal for establishment of memorial made to Executive Committee, November 20, 1953. I 3. Approved. December 13, 1953. Proposal for Vinson Memorial drawn up by Dr. Heck and Mr. Gattis approved by executive Committee, and following committee appointed by the chairman for the memorial. Messrs. Lee, O’Neal, Blazer, Sutcliff, Hager, Wachs, L Caldwell, Richard Williams, Henry Nichols, C. Newlin, and Lanier. 4. December 4, 1953. Mr. 0'Neal wrote that Mrs. Vinson had finally decided that she did not approve of memorial which would provide income for her (during her life-time). * 5 December 30. 1953. Conferred in Washington, D. C. with Ambassador O’Neal and Mr. Fred Vinson, Jr., re list of people to be solicited. 1 Not much by way of new information obtained. 6. January through April 1954. Contacts by letter and by personal visits made with Ex-president Truman (in Kansas City), Mr. Will Clayton ( in Lexington, Kentucky), Mrs. A. I. du Pont, Mr. Paul Blazer, Dr. Henry Cave, and others for testimonial letters for a brochure concerning the memorial. June 5, 1954. Further discussion of memorial at full Board meeting. Chairman of Board authorized to appoint a committee to work with Execu­ tive Committee on the matter. 8. July 12, 1954. Messrs, Lanier, Boles, Logan Caldwell, Lively, and President Groves met and took actions which are described in #10, #11,& #12. 9. July 26, 1954. Ward, Wells Dreshman and Reinhardt, professional fund raisers who managed recent KYSEC campaign urged against general campaign for Vinson Memorial now ��Page 2 Mr. Lanier asked Mr. Blazer to give the matter his support, to which he agreed, but requested that Mrs. Vinson’s approval be completely assured. Vinson did give her unqualified approval in a letter to July 20, 1954, Mrs, President Groves to the memorial. September 30, 1954. Messrs Lanier, Lee and Groves called on Colonel Joseph M. Hartfield, 14 Wall Street, New York City, to ask him to be chair­ man of the Mmeorial Committee. Colonel Hartfield agreed to serve on the committee but declined the chairmanship. Suggested we see Harold Gallagher former president American Bar Association, to try to get that organization behind the idea. October 20, 1954. Messrs Lee and Groves called on Mr. Gallagher, 50 Broad S treet, New York City. He did not think that the idea would appeal to American Bar Association. Did think well of Vinson Memorial however. October 20, 1954. Messrs. Lee and Groves had further conference with Colonel Hartfield who called in Mr. Irving S. Olds, retired chairman of the Board of U.S.Steel. Mr. Olds promised to help with Mr. Ben Fairless, now chairman of the Board of U.S. Steel. Colonel Hartfield made further recommendations. October 26, 1954* The third recommendation of the July 12, 1954 meeting was put in motion. Mr. VZachs is to ask Mr. George S winebroad to arrange necessary visit with Mr. Will Clayton and to request his gift. On November 16, 1954 Mr. and Mrs. Groves are to be entertained in the home of Mrs. A. I. du Pont at Nemours, Wilmington, Delaware, at which time it is hoped there will be an opportunity to request Mrs. du Font’s gift. ��MEMORANDUM Board of Trustees Meeting October 30, 1954 It is recommended that the Board of Trustees take action in reply to the request of the directors of the Alumnae Association concerning representation on the Board of Trustees of the College as follows. In view of the fact that there is a Board of Visitors for the Women’s College, elected by the Alumnae of the Women’s College, charged with the general oversight oF affairs affecting the women of the college, which board can and does make its recommendations directly to the Board of Trustees of the College, and in view of the further fact that there are now two women members on the Board, of Trustees of the College elected in response to the request of the Board of Directors of the Alumnae Association of June lCt 1949, it is the opinion that the Alumnae Association does now have representation on the Board of Trustees of the College- even though those members are not elected directly by the members of the Association, furthermore, it is pointed out that the request of the Directors of the Alumnae Association, if put into effect ns suggested, would raise a question as to the place and function of the Board of Visitors of the Women’s College which the Board of Trustees deems unwize to raise in view of the fine job which that body now does for the Women’s College and through which the Alumnae are able to operate so effectively0 ��MEMORANDUM Board of Trustees Meeting October 30,1954 Request of Kentucky Synods and Synodicals re segregation. In response to the request of the Synods and Synodicals of the Presbyterian Il churches in Kentucky, it is recommended that the President of the college be authorized to reply that since nothing in the charter or by-laws of Centre College bars the acceptance of negro students that such students therefore who are proper­ ly qualified can be accepted on the same basis as all others. This recommendation is made on the basis that there seems to be little or no question as to necessity of accepting properly qualified negro students at Centre sooner or later. The only real question is ’’when"? To me the following factors indicate the advantage of doing it now. 1. The democratic principle involved has been set forth clearly by the unanimous opinion of the Supreme Court. Centre is justifiably proud of its own democratic principles, and its stand for them. This step would make it clear that Centre today is controlled by this same fine heritage. 2. The step is educationally sound. rapidly. Desegregation of the races is moving ahead Students and graduates of Centre are having to live and work side by side with members of the negro race on the athletic field, in the armed services, in all of the professions, and more and more in business. To forbid the admission of negroes means that Centre students would be limited in their education in an increasingly important area of human relations, whereas to train for life and work in this whole area of human relations is particularly the job of the liberal arts college. 3. It is a step which the Christian College should take without hesitating. To deny admission to negroes, because they are negroes, and at the same time to admit all others regardless of color or nationality is to maintain a barrier against one race which is the last thing a Christian institution should be pre­ pared to do. ��Page 2 4. Finally, such a step taken now will avoid many of the pressures by this group and that which are bound to build 15 by any delays. Kentucky indep­ endent colleges such as Pikeville (Presbyterlan)i Union (Methodist). Bellarmine (Roman catholic and eight other Catholic colleges), and Berea (non-denominational) have enrolled negro students this Fall. Sue Bennett (Methodist) has indicated that it will accept them, though to date none have applied. 5. If the Board does not agree that now is the time to authorize the acceptance of negro students, it will be necessary, in any event, to make a reply to the requests of the two Synods and the two Synodical Societies, and also the requests of the Board of Christian Education. The Board may wish to authorize the chai • man to appoint a committee to handle the matter. ���MINUTES BOARD OF TRUSTEES Centre College of Kentucky October 30, 1954 The meeting was called to order by the chairman, Mr. Ike Lanier. Prayer was offered by Dr. William A. Benfield. Present were Chairman Lanier, Secretary Lively, Miss Poynter, Miss Yerkes, Messrs. L. Caldwell, Nevin, ". P. Caldwell, Gosney, Cregor, Armstrong, Blazer, Van Antwerp, Rogers, Baker, Seelbach, Van Winkle, Benfield and President Groves, minutes of the meeting of the Board of Trustees of June 4 and 5, 1954, and of the Executive Committee meetings of July 12, 1954, and October 1. 1954, were approved as previously circulated. The minutes of the meeting of the Executive Committee of October 29, 1954, were read and approved. The executive Committee reported on the inquiries which had been re­ ceived with regard to the problem of admission of negro students,and after a full discussion, the following resolution was voted. The Board of Trustees has considered the request of the Board of Christian Education of the Presbyterian Church in the U.S.A., as contained in the letter of July 16- 1954, from Dr, E. Fay Campbell, and of the Synods and Synodicals of Kentucky of the Presbyterian Church in the U.S., and the Presbyterian Church in the U.S.A , with regard to the admission of negro students to Centre College of Kentucky. The Board of Trustees is of the opinion that it is not in a position to take any action on this question at the present time and the Board, therefore, directs its chairman to appoint a special committee for father study on this matter. Mr, Logan Caldwell presented the annual report of the treasurer of the college. The report was adopted and it was voted to commend Mr. Caldwell, the treasurer, for his excellent work. (See copy attached.) Mr- Logan Caldwell, chairman, reported on the semi-annual meeting of the Finance Committee held October 29, 1954- This report was discussed and received by the Board. At the suggestion of Mr. Blazer, Mr. Caldwell was requested, by vote of the Board, to obtain alternate recommendations from the investment counsellor of the college in place of their suggested purchase of Tidewater Associated preferred stock. The report of the business manager was distributed and comments upon it were made by President Groves. The report was received and filed (see copy attached), and it was voted to commend the business manager, Mr. Arnicar, for the efficiency of the year’s operations. ��—2 346 The report on Living Endowment received during 1953-1954was presented and it was voted to receive it (See copy attached.) * Mr, Armstrong, chairman, presented the report of the Budget Committee. It was moved and carried that the proposed budget for the year 1954-1955 be adopted, (Copy of budget is attached to Business Manager’s report.) - Mr.. Gosney, chairman of the special committee to draw up a memorial resolution on the death of Mr. John Edward Wiseman of the Board of Trustees, presented the following resolution which was unanimously adopted, John Edward Wiseman Few men had the warm, human friendliness which characterized John Edward Wiseman, whom we all fondly knew as "Mr. Ned." In his death on July 15, 1954 Centre College of Kentucky lost a loyal alumnus and one of its able trustees. He entered Centre College of Kentucky in the fall of 1888 and was a member for the next four years of the class of 1892. Mr. Wiseman brought to the Board of Trustees his long exper­ ience in the business life of Danville, his faithful service as an elder of the Second Presbyterian Church for over thirty years, and his generous concern for Centre which he had known and loved so long. He was elected a trustee on November 10, 1939 and served * conscientiously until failing health forced him to retire. His fellow-members of the Board, however, would not permit him to resign, but elected him a trustee emeritus on June 6, 1953 * With a practical, earthy faith which unobtrusively backed the Christian projects he found worthy, Mr. Wiseman served his Lord, his Church, and a Christian college, Centre. To all of these he gave generously of his time, his substance, and himself. Kindly in counsel and patient in judgment, his steadying influence was appre­ ciated in a policy-making group such as the Board of Trustees of a college. He had the quality of arousing the better nature of those who worked with him, so that all who had this privilege know that in the death of "Mr. Ned" they have lost a real friend. BE IT RESOLVED, therefore, that this memorial be spread upon the minutes of the Board of Trustees of Centre College of Kentucky, and a copy of it be sent to Mrs. John E. Wiseman, and members of his family, made on progress to date with the Vinson Memorial. Mr. Blazer spoke to the report and added some very good suggestions for further Immediate action. A report Dr. William A. Benfield reported on the progress of the Kentucky Synod’s Educational Campaign, in which he stated that according to present indications, the college should receive from this campaign, within the next three years, a minimum of $200,000. Mr. Hugh Nevin reported on the progress with the plans of the ��Weisiger Art and Music Building and stated that plans as drawn according to the estimates of his firm should be completed for approximately $229,000. .It was voted that the Buildings and Grounds Committee meet with Mr. . evin as early as possible in order to approve the plans, and also, if approved, to permit the Committee to advertise for bids. It was also voted that the executive Committee be authorized to arrange for interim financing for the construction of the building as necessary. The amendment to the by—laws, Section 13, paragraph 2, recommended at the meeting of the Board on June 4 and 5, 1954, and previously laid on the table, was taken from the table and adopted,(See attached.) President Groves made a report on the enrolment situation and the stops planned to effect an increase particularly in the enrolment of men students, (See the report attached.) Dr. Rogers suggested an impartial survey to determine the problems and their solution for improving the enrolment of the college. It was voted that the Executive Committee take up this suggestion at its next meeting. Adjournment. F. PIERCE LIVELY, Secretary The chairman of the Board, Mr. Ike Lanier, has requested that the names of the committee members for the year 1954-1955 be appended to these minutes. They are: EXECUTIVE COMMITTEE, Messrs, Lanier, chairman; Lively, secretary; Gosney, Armstrong, W.P Caldwell, Wachs, Van Winkle, L. Caldwell and Campbell FINANCE COMMITTEE, Messrs, L. Caldwell. chairman; Lively, secretary; Baker, Lee, Lanier, Gamble and Boles, BUILDINGS AND GROUNDS COMMITTEE, Messrs, Armstrong, chairman; NevinVan Winkle and Miss Yerkes, and W, P. Caldwell. BUDGET COMMITTEE, Messrs. Wachs, chairman; Armstrong, L. Caldwell, ' and Lanier. COMMITTEE ON FRATERNITIES, Messrs, Van Winkle, chairman; Joplin, L, Caldwell and Armstrong. COMMITTEE ON ATHLETICS, Messrs. Armstrong, chairman; Van Antwerp, Joplin and Campbell. CCMMITTEE ON HONORARY DEGREES. Messrs Benfield and Miss Poynter. . Van Antwerp ■ chairman; Joplin COMMITTEE ON NEW TRUSTEES, Messrs. Lanier and Baker. ��ANNUAL FALL REPORT OF THE TREASURER OF CENTRE COLLEGE AUGUST 31, 1954 It is my pleasure to present herewith the annual report of the Treasurer of Centre College. This report covers the fiscal year beginning September 1, 1953, and ending August 31, 1954. This report, of course, deals only with matters related to endowment, and reference must be made to the annual report of the Business Manager for a complete study of the financial activities of the College during this fiscal year. As in other years, this report describes the sales and purchases which were made during the year in the management of endowment funds. Other matters contained herein are the year’s additions to endowment in detail and comparisons with the preceding year of the make-up of the endowment and a statement concerning the income from each type of investment. Sales and Purchases During the year we sold or had called the following securities! Sale or Redemption Price Item U. S. Bonds Other Bonds Preferred Stocks Common Stocks Total $103,190.19 128,935.88 21,096.75 26.787.43 $280,010.25 Gain or Loss from Cost or Adjusted Value Loss Gain Loss Gain - $3,726.56 - 1,333.20 382.94 - 4,261.55 Net Gain - $1,485.25 As replacement for the above securities and retired mortgage loans and for investment of new funds we have made the following purchases: ��349 Item Cost U. S. Bonds Other Bonds Preferred Stocks Common Stocks $ 25,281.25 100,803.83 62,911.44 _ 174,989.99 Total $363,986.51 During this period we also made 986,300.00 in mortgage loans and had $116,413.10 in such loans repaid. This is the second con­ secutive year in which our total investment in mortgage loans has decreased. Actually,the net decrease of approximately $30,000.00 in mortgage loans is largely due to normal amortization. Our new loans just about equalled those which were repaid in full ahead of schedule. Competition for mortgage loans continues keen, with some institutions loaning up to 80$ of appraised values. Furthermore, the Federal Land Bank is seeking farm loans at 4% and most of the life insurance companies are lending at 41/2%. Although we have not been able to increase our mortgage loan total, we do continue to make our loans at 5$ and our appraisals continue to be conservative. ANALYSIS OF INCOME PRODUCING PROPERY The following schedule shows the break-down of income producing properties. Book values on August 31, 1953, and August 31, 1954, of each type property are shown and market value on the latter date is shown for comparison with book value. Also shown is the percent of total income producing property which is represented by each type of investment as well as the net income from each type. -2- ��Book Value 8-31-53 ' Type U. S. Bonds Other Bonds Preferred Stocks Common Stocks Mortgage Loans Income Producing Real Estate Uninvested Funds Totals Book Value 8-31-54 Market Value 8-31-54 Per Net cent Income of Total 193,871.40 480,311.87 444,729.74 471,962.13 605,294.01 112,235.90 453,513.02 486,161.49 624,426.24 575,180.91 112,114.00 466,490.00 ^84,920.00 824,923.00 575,180.91 4.5% 19% 20% 25.5% 23% 4,193.31 16,899.16 19,656.03 34,234.90 29,657.02 5.2% 5% 200,357.71 186,357.71 7.7% 4,204.13 2.1% 34.397.43 _ 8.771.17 $2,430,924.28$2,446,646.44 Per-cent on Market Value 8-31-54 2.7% 3.3% 4.2% 100$ $108,844.55 The total book value figure of $2,446,646.44 does not include $50,000,00 "being held for the construction of the Weisiger Art and Music Building. Furthermore, a total of $35,550.00 of Centre’s endowment is held by trustees other then this Board. From these funds the College received $964.19 income which is not reflected in the table set out above. The yield on all income producing property, other than real estate, for the year was 4.46% based on average beginning and ending market values and 4.66% based on the average book values. The yield, including income producing real estate, was 4.45%. This table shows a further reduction in government obligations and other bonds and an increase in preferred and common stocks. Percentage wise our bond holdings at the end of fiscal year 1953 were 28% and this year they are 23.5% of the total income producing endowment. The per­ centage of endowment invested in preferred stocks has risen from 18% to 20% and that of common stocks from 20% to 25.5% No additions to the ��common stock holdings have been made since June 1954 because of the high level of the market. The sharp rise in market prices of the common stock holdings has naturally decreased the rate of return on common stocks with reference to market values. The history of the stock mar ret indicates that the almost unbroken rise which began in September 1953 cannot be expected to continue indefinitely. ADDITIONS TO ENDOWMENT In contrast to last year, I am sorry to report that there were very few additions to endowment during the period covered by this report. We received the final distribution of the residue of Miss Emma Weisiger’s estate and a few new gifts, as follows: Weisiger Estate distribution Franklin Scholarship Fund William M. Rush bequest Total $19.934.4 300.00 _ 2.500.00 $22,734.46 The bequest of $2,500.00 is a specific bequest under the will of Dr. William M. Rush of Beuchel, Ky. Centre also shares in the residue of his estate and will probably receive additional money from this source during the coming year. One annuity, in the amount of $500.00, was purchased during the year by W. K. Mullins. CONCLUSION The market values of our securities, especially common stocks, have had a market rise during the year. This condition cannot be hoped for as a permanent matter, but it is hoped end felt that our issues will fare well with relation to the market as a whole in any event. - 4 - ��Our yield continues well above four percent despite the fact that out The most discouraging feature of * this report is the lack of increase in endowment this year. This is total of mortgage loans has fallen. in sharp contrast with last year’s very gratifying increase, Respectfully submitted, LOGAN CALDWELL ��ANNUAL REPORT or THE BUSINESS MANAGER CENTRE COLLEGE OF KENTUCKY FISCAL YEAR ENDED AUG. 31, 1954 Transmittal.................................................................... Page 1 Operating Fund Balance Sheet ........................... Page 3 Statement of Income.................................................. Page 4 Statement of Expense.......................................... Page5 Earnings of Pooled Securities ......................... Page 6 Comparative Condensed Balance Sheet, Operating Fund. age7 P Comparative Condensed Statement, Income & Expense. age8 P Endowment Fund Balance Sheet ....... Pages 9-10 Schedules, Endowment Fund Balance Sheet . Pages 11-12-13 Budget of Income & Expense for Year 1954-55 Pages 14-15 ��Danville, Kentucky August 31, 1954 To The Board, of Trustees, Centre College of Kentucky, Danvi11e, Kentucky. Gentlemen: I submit herewith the Business Manager’s report for the fiscal year ended August 31, 1954 Again, this report conforms sub­ stantially with the standards proscribed by the National Com­ mittee on Standard lieports for Institutions of Higher Education. The funds of Centre College are classified into two major fund groups: The Operating Fund, and the Endowment Fund. The Operating -fund consists of those funds for current operating purposes, either restricted or unrestricted. The Endowment Fund consists of those funds which must be maintained inviolate to conform with the restrictions placed thereon by the donor, or by other outside agencies. Sub-groups for these two major funds are listed in the following schedule: A. Operating Fund 1. Current General Fund 2. Restricted Funds (Expendable trust fund earnings) B. Endowment Fund 1. General Endowment 2. Restricted Endowment 3. Plant Funds Operating Fund income is derived from Student Fees, Endowment earnings, Auxiliary Enterprises, and Gifts. Expenditures from the Operating Fund are made on the basis of Budget Appropriations approved by the Board of Trustees. Endowment Funds originate, generally, as gifts of money, or property, under the provision that the principal is to be in­ vested. Those funds must be kept inviolate. Only the income can be used for expenditure. Plant Funds consist of funds specifically designated for plant extension. ��'The accounting records of the College are so established as to present separate financial statements for the two major funds. The remort contained herein is confined to the purely financial aspects of the College, showing the financial condition for each fund at the end of the fiscal year, Agust 31, 1954. The u proposed budget for the new year is attached. Accounting records of the Operating .Fund, and of the Endowment Fund, were audited by the firm of Hifner & Potter, Certified Public Accountants. copy of this audit is available for inspection in the President’s Office as well as in the Business Office. It is a pleasure to report that income for the fiscal year just ended exceeded expenditure by the sum of $6,168.61. This amount has been applied to the accumulated deficit, reducing that figure from $57,476.57 to $51,307.96. Respectfully submitted, Fred Arnicar, Business Manager ��356 BALANCE SHEET STATEMENT, OPERATING FUND-FISCAL YEAR 1953-1954 ASSETS 1. CURRENT FUNDS A, General Cash on Deposit Petty Cash Fund 32,136.66 33,171.66 Accounts Receivable Notes Receivable 4,999 .36 ,2 ,137,65 7,137.01 16,901.96 Inventories Prepaid Expenses: Deferred Departmental Expense Prepaid Insurance 1,530.00 25.306.11 Total Assets-Current Funds, General B. Restricted Funds-Currcnt Due from General Fund-to: Wiseman Memorial Fund Scholarship Fund, General DKE House Fund Prize Fund Farris Fund Total Assets-Restricted Current Funds Total Assets-Combined Current Funds 82,516.74 2,785.97 5,565.26 102.64 4,953-08 (1,402.85) 12,004.10 94,520.84 LIABILITIES 1. CURRENT FUNDS A. General Accounts Payable Accrued Expense: Salaries & Wages 13,951.51 Withholding Taxes, State& Fed. 7,808.00 Social Security Taxes 1,180.79 Hospital Insurance Premiums 153.07 92.70 Salary Savings 38,500.00 Borrowed Money 1,238.76 61,686.07 Deposits Held: Room Damage & Key Deposit Advance Enrollment Receipts Due Other Fund’s: Restricted Current Funds Annuities Fund Building Fund 200.50 50,555.57 12,004.10 209.43 114.59 12,328.22 Reserves: Athletic Dept. Research Grants-Chemistry Gifts for Designated Purposes 115.58 6,500.00 1.200100 Total Liabilities-Current Funds, General Less: Accumulated Deficit B. Restricted Funds-Currcnt Wiseman Memorial Fund Scholarship Fund, General DKE House Fund Prize Fund Farris Fund Total Restricted Funds-Currcnt Liabilities Total Liabilities, Combined Current Liabilities Page 3 2,785.97 ��STATEM.ENT OF OPERATING INCOME & EXPENSE AUGUST 31, 1954 INCOME ■Educational and General Tuition and Fees Other Fees 191,038.18 1.41'9.37 192,487.55 Endowment Income Unrestricted Restricted Real Estate (Net) 61,443.11 15,229.59 4,204.13 80,876.83 Educational-Related Vocational Guidance Research 800.00 10,000.00 Gifts Synod of Kentucky 15,007.31 Board of Christian Education. U.S.A . 7,073.76 466.00 Restoration Fund Total Educational and General Income Auxiliary Enterprises and Activities 21,140.00 Residence Halls: Women s Dept. 3,742.50 Wiseman Hall 11,655.62 Breckinridge Fall 6,449.38 Centreville 72,123.87 Dining Hall: Women's Dept. 49,362.16 Dining Hall: Men s Dept. 3,664.06 Tea Room: Women’s Dept. 18,975.92 Coffee Shop, Men’s Dept. 21,894.30 Bookstore & Postoffice Other Non Educational Income: Gifts Gifts-Alumni Fund Student Activities Health Service Athletic Dept., Men Scholarships and Aid Other Revenues Total Income-Operating Fund Page 4 43,369.51 18,531.82 3,500.00 2,010.00 10,587.15 34.637.54 — 5.506.01 22,542.02 306,711.45 209,007.81 118.142.03 633,861,29 ��EXPENSE Educational and General Administrative and Genera] President’s Office Business Office Treasurer’s Office Dean & Registrar's Office Alumnae Office & Promotion,Women Dean of Women’s Office Admissions & Student Pro, Men General Expense Foard of Trustees 15,544.94 11,041.50 4,990.66 12,392-33 6,850,17 4,478.18 4,973.97 13,246.43 31.68 73.599.86 Instructional Expense Library Operation & Maintence 159,942.34 15,157.17 66,940.20 242.039,71 315,589-57 Total Educational & General Expense Auxiliary Enterprises and.Activities Residence Halls: Women's Dept. Wiseman Hall McReynolds Hall Breckinridge Hall Centreville Dining Hall: "W omen's Dept. Dining Hall: Men’s Dept. Tea Room; Women’s Dept. Coffee Shop Men’s Dept. Bookstore and Postoffice 14,608.62 1,523.45 67.79 9,208.65 6,066.05 65,408.60 48,855.41 3,675.81 17,969.94 211038,82 Other Non Educational Expense Public Relations Office Alumni Office Student Activities Health Service Athletic Dept : Men Scholarships & Aid Bus Service House Mothers Central Stores Warehouse Wiseman Annuity 7,511.39 17,621.70 3,810.80 1,915.70 16,415.42 69,633.85 2,645.57 1,800.00 1,075.47 1,250,00 Total Expense Excess of Income over Expense Page 5 188,423.21 123.679,90 627,692.68 6168 ,61 6.33.1.861.29 �■ 3e»ixvi4*'. S in*• ix-Jg ?!•. r 4 it 9 3iV%S . ?r - �firings of Pool-ad Securities. Fiscal Year Common Stocks Prferrod Stocks J. S. Bonds Other Bonds Mortgage Loans Total pooled earnings: Less: Life rights paid directly to Sadie M. ' uigley & Henrietta iiarble Total earnings of pooled securities: 1952-53 19£3^ 23,853.70 18,700.71 5,418.13 11,851.74 32,164,96 91,989.24 34,234.90 19,656.03 4,193.31 16,899.16 29,657,0? 20.48 SI >568,76 _______.00 104,640 ,42 56,272.22 61,685.61 2,730.45 1,248.94 2,239.48 3,247.25 180.89 1,790.00 51.68 6,434.21 2,062.25 3,696.92 11,059.61 766.59 188.27 £1,968,76 2,904.89 1,335.23 2,385.07 3,608.18 193.66 1,890.00 50.96 6,543.65 5,956.55 5,289.34 11,772.44 815.41 209.43 104,640.42 Distribution of Fooled Arnings: General Bndownent Restricted Endowment: Chemistry Fund Library Fund Viseman Dept, of Music Viseman Memorial Fund Redd-Cheek Bible Chair Synott Fund DICE House Fund Farris Fund Vesiger Dept, of Fine Arts Scholarships, General Wans-Sum rail Scholarship Fund Prize Fund Annuities Tot^l distributed: Page 6 ��360 COMPARATIVE CCliD.LISRD KL’iCB SHEET CS2ITRE COLLEGE OPERATING FUND Fiscal Year Ended -ug. 31, 1953 ass Fiscal Year Ended Aug.31,1954 Increase (Decrease) ITS Cash on Deposit & on Hand Accounts and Notes Receivable Inventories Prepaid Expense Restricted Current Funds Total Assets: 23,038.08 2,418.60 17,886.93 24,816.98 12,754.87 60.915.U6 33,171.66 7,137.01 16,901.96 25,306.11 12,CPU.10 94_^2Q,84 10,133.58 4,718.41 (98U.97) U89.13 (750.77) 13.605.38 Accounts Payable 1,040.00 11,650.28 Accrued Salaries <£ ’/ages Accrued W. Tax & S.S. Taxes 4,051.15 Hospital Ins. Premiums & Salary Savings 230.73 35,000.00 Borrowed i-ioney Student Foes Collected in Advance 43,367.46 & Deposits 15,999.14 Due Other Funds 14,298.40 Reserves 12,754,82 Restricted Current Funds 138,392.03 Total Liabilities 57.A76.52 Accumulated Operating Deficit 80.915.U6 1,238.76 13,951.51 8,988.79 2U5.77 38,500.00 198.76 2,301.23 4,937.64 15.04 3,500.00 50,756.07 12,328.22 7,815.58 12.00U.10 1U5.828.8O 51.307.96 9U.520.8U 7,388.61 (3,670.92) (6,482.82) (750.77) 7,436.77 (6,186.61) 13,605.38 LI..HI LITI OS P*ge 7 ���361 COMPAK TIVE STATE! FT OF INCOME & EXPENSE (CONDENSED) CENTRE COLLEGE OPERATING FUND Fiscal Year ended. Aug. 31,1953 INCOME Student Fees « Other Fees Endowment Income Educational-Belated Gifts-Church Board U.SA.& Synod US Auxiliary Enterprises Other Income (See Schedule Below) EXPENSE Administrative & General Instructional Library Operation & Maintenance Auxiliary Enterprises Other Expense (See Schedule Belov?) SCHEDULE: OTHEB INCO1-1E Gifts Gifts, Alumni-ae Fund Student Activities Health Service Athletic Dent., Men Income for Scholarships & Student Aid Other Income SCHEDULE: OF LA EXPENSE Public Eolations Office Alumni Office Student Activities Health Service Athletic De’it. Men Scholarships & Student Aid Granted Bus Service Hous 2 Mothers, Fraternity Houses Central Stores Warehouse Wiseman Annuity Fiscal Year Increase ended Aug. 311 195M^ec_ease) 164,138.16 80,088.35 10,000.00 24,762.78 170,803.19 llAl ,36 564,246.84 192,487.55 80,876.83 10,800.00 22,547.07 209,007.81 118,142.03 633.861.29 28,349.39 788.48 800.00 (2,215.71) 38,204.62 3,687.67 69,614-45 66,133.97 138,940.47 14,271.12 67,236.28 170.062.92 107,602.08 564,246.84 73.5^9.86 159.942.3^ 15,157.17 66,940.20 188,423-21 123,679.90 627,692.68 7,415.89 21,001.87 886.05 (296.0818,360.29 16,077.82 63,445.84 43,366.28 17,614.46 3,500.00 1,440.00 12,248.77 29,328.76 6 ,9.56,09. 114,454.36 ^3,369.51 18,531.82 3,500.00 2,010.00 10,587.15 3^,637.5^ 5,506.01 118,142.03 16,424.28 16,007.07 3,354.18 1,966.67 16,772.24 49,089.39 1,210.89 1,550.08 1,227.28 ________ ,00 107,602.08 7,511.39 17,621.70 3,810.80 1,915.70 16,415.42 69,633.85 2,645.57 1,800.00 1,075-47 1,250.00 123,679.9-0 ��362 BALANCE SHEET STATEMENT ENDOWMENT /.ND OTHER HON-EXPENDABLE FUNDS AUGUST JI, 1954 ASSETS. 11 Endowment and Other Hon-Expendable Funds A. General Endowment* 60,44$ of Pooled Assets (Schedule 1) Reel Estate (Schedule 2) Total income producing General Endowment Invested in College Plant (Scnedule 8) Totel General Endowment B. Restricted Endowment? 33.37$ of Pooled Assets (Schedule 1) Mary D. Synott Bible Cheir Endowment C. Fund Held by Special Trustees (Schedule 6) 1,341,810.77 --166t357.«21 1,528,168.48 278,940.60 1,807,109.08 741,019.95 40.000.Q0 781,019.95 ___ 15,550.00 Total Restricted Endowment Total Endowment Funds? 1 796.569,95 2.603,679.03 111 Plant Funds A. Unexpended? Cash-Centre Forward Program 376.75 Cash-Weisiger Building Fund 4,908.45 Bonds-Weisiger Building Fund 49,858.43 6.19$ of Polled Assets (Schedule 1) 137,458,01 Total Unexpended Plant Funds 192,601.64 B. Invested in Plant Campuses Buildings (Schedule 3) Equipment Furniture & Fixtures Library Books Total Invested in Plant Total Plant Funds Total Assets, Endowment & Other Non-Expcndable Funds ? Page 9 124,350.35 1,276,646.34 77.887.87 127,629.85 20^00^0 1.626.514.41 1,819.116.05 4,422,795.OS ��363 BALANCE SHEET STATEMENT (CONTINUED) EFDOWiCNT AND OTHER NON—IKPjKDABLE FUNDS LIABILITIES II Endowment ^nd uther Non-Exuendable Funds A. General Endowment (Schedule +) * B. Restricted Endowment Endowed Chairs, Departmental (Schedule 5) Scholarships, General Scholarships, Evans-Sumrall Prize Fund Guy E. Wiseman Memorial Fund D.K.E. House Fund Annuities $ Schedule 7) C. Funds Held by Special Trustees (Schedule 6) Total Restricted Endowment Total En owment Funds! III Plant Funds A. Unexpended! Farris Stadium Fund Centre Forward Program Weisiger Building Fund Total Unexpended Plant Funds 1,807,109.08 318,719.81 + * 87.35 llA, + * 2 8,259.50 17,275.79 76,111.86 1,156.09 5.009.55 781,019.95 15,550.00 796,569.95 2,603,679«03 ^ *58.01 137, 376.75 1 * 5,766,88 + * 192,601.6 B. Invested in Plant Wcisiger Art & Music Bldg. Fund *^ 5 +,673 Guy E. Wiseman Fund 55,386.87 Henry N. Craik Fund + * 3«26 27,0 Farris Stadium Fund 21,771.03 Sutcliffe Dormitory Fund + * ,902.80 McReynolds Fund +l * 5,887. Centre Forward Program .3.53 ,987 ,P-8 Total Plant Funds Invested in Plant 513,651.99 Invested in Plant From Other Funds 1,1A2.,862,t* £ + Total Invested in Plant Total Liabilities, Endowment and Other Hon—Expendable Funds! Page 10 tl * X>6g6»51^« »^22,795tQ£ ��364 SCHEDULES-3ND0WICNT 1W OTHER NON-I'XPENDABLE FUNDS SCHEDULE 1 Pooled. Assets: Accounts .Receivable Cash U. S. Bonds Other Bonds Preferred Stock Common Stock Mortgage Loans Total Pooled Assets: 209.A3 8.561.7A 112,235.90 ^53,513.02 A86.161.A9 62A.A26.2A _535j180x21 2,220.288.73 Distribution of Pooled Assets: General Endownent Restricted Endowment Plant Funds, Unexpended Note: 60,AA$ 33.3755 6.19g 100.007. 1.3A1.810.77 7A1.O19.95 137.A58.01 ^.,.220,288,23 $A0,000.00 of Mortgage Loans, designated as the Synott Fund investment, is not included in Pooled Securities. S CH __ PUL * 2 Invested in Real Estate Fayette County Farm Yowell Land Anderson House - Grant Street 5,000.00 1,000.00 5,000.00 Beta Fraternity 1A.000.00 Centre College 18,217.80 Total Beta House Investment 32,217.80 Signa Chi Fraternity 8,000.00 Centre College 12 ,000.00 Total Signa Chi House Investment 20,000.00 Phi Tau Fraternity 19,696.63 Centre College 28,000,00 Total Phi Tau House Investment A7,696.63 7,166.25 35,563.31 20,713-72 12,000.00 186,357.71 DICE House Hillcrest Blanton House S.A.E, House Total Invested in Real Estate Page 11 ��Schedule 3 Buildings Farris Stadium Young ^all Boyle Humphrey Gym Carnegie Library Main Olde Centre Breckinridge Hall Creik House Wiseman Hall Women’s Dept, Centreville Hangout Warehouse Alumni Memorial Gyn Weisiger Art & Music Bldg. Total-Buildings J 84,533.14 128,611.52 44,902.80 45,000.00 92,468.39 45,787.48 70,256.84 27,043.26 49,795.01 319,720.19 6,739.99 1,219.93 5,293.21 353,987.08 ____ 1.287.50 1.276.646,34 Schedule 4 General -^ndov/ment 1,181,665.57 General-Unnamed Named J Guy E. Wiseman Fund Evans-Sumrall Fund Wm. R. Laird Fund Carrie Magill Fund Mary B. Mutchmore Fund Beta ‘Theta Pi-House Fund Phi Kappa Ta.u-House Fund Sigma Chi-House Fund Wn. M. Rush Fund Total-General Endowment 265,759.66 247,967.21 4,869.44 26,135.54 36,515.03 14,000.00 19,696.63 8,000.00 2,500.00 1x807,102x0^ Schedule 5 Restricted Endowment Weisiger Fine Arts Chemistry Fund Library Fund Mery D. Synott Bible Chair The Guy 2. Wiseman Dept, of Music Fund Redd-Cheek Chair-Classical languages Total-Restricted Endowment-Departmental Page 12 oA w7 46 at’ooi or <0'306'23 50,3Ob.2J J'K —318./I?..,oA ��Schedule 6 Funds Held by Snecial Trustees Wn. Workman Fund-Held by the 'Trustees of the General Assembly, Presbyterian Church U. S. 5,550.00 Mary D. Synott Bible Chair EndowmentHeld by the Board of Christian Education, Presbyterian Church, U. S. A, Total Funds held by Special Trustees 10,000.00 15,550.00 Schedule 7 Funds Subject to Annuities Mrs. rtay B. Gore Anna M. & Frank N. Gucher Dr. Wm. Barnes Lower W, K. hullins Mrs. Frances T. Skinner Schedule 8 Invested in College Plant Mclieynolds Hall Breckinridge Hall Young Hall Main Building 977.65 1,006.95 460.60 2,083.93 480,42 5,009.55 92,428.82 153,213.32 29,256.81 4.041.65 278.940.60 Page 13 ��INCO24E CENTRE COLLEGE OF KENTUCKY—BUDGET OF INCOME OPERATING FUND Budget 195^-55 Student Fees General Fees Other Fees 188,973-50 1,250.00 190-223.50 ENDOWMENT Unrestricted Real Estate (Unrestricted) Restricted 61.500.00 20,887.00 18,810.00 1O1,1Q7.00 Gifts-Church Boards Synod of Ky. U. S. Bd. of Christian Education, U. S. A. Educe tional-Related Whitney Foundation Vocational Guidance Research Program 16,000.00 10.00'0.00 26.000.00 5,700.00 1,000.00 10.000.00 16-700.00 Auxiliary Enterprises Residence Halls, '^omen’s Dept. Residence Halls, Wiseman Residence Halls, Breckinridge Centreville Dining Hall, Women s Dept. Dining Hall, Men's Dept. Tea Room, Women's Rept. Coffee Shop, Men's Dept. Bookstore & Postoffice Other Non-Educ^tionnl Income Gifts Alumni-ae Fund Student Activities Health Service Athletics, Men’s Dept. Scholarships & Grants Other Income 21 700.00 ^',780.00 10,320.00 R 000.00 66?650.on 4^,510.00 3,500.00 18,500.00 21,500.0’ 195,^60.0° 32,000.00 19.500.00 3,500.00 2,010.00 11,060.00 30,050.00 5 ,850.00 103,97O.On 633.550.50 Total Income: Page 1R ��368 CENTRE COLLEGE OF KENTUCKY BUDGET—EXPENSE Operating Fund EXPENDITURES ADMINISTRATION & GENERAL President’s Office Business Office Treasurer’s Office Bean & Registrar’s Office Alumnae Office & Student Pro. Women Bean of Women’s Office Admissions & Student Pro. Men General Expense Board of Trustees INSTRUCTIONAL Instructional Expense Library Operation & Maintenance Endowment Real Estate AUXILIARY ENTERPRISES Residence Halls-—Women’s Bept. Residence Halls- — Wiseman Residence Hnlls--McReynolds Residence Halls—Breckinridge Centreville Bining Hall—Women’s Dept. Cafeteria---- Centre College Tea Room------ Women’s Bept. Coffee Shop—Centre College Bookstore & Postoffice OTHER NON-BDUCATIOiiAL EXPENSE Public Relations Office Alumni Office Student Activities Health Service Athletic Bept.—Centre College Scholarships & Gra.nts Bus Service Housemothers—Fraternity Houses Central Stores Warehouse Wiseman Annuity Total Expense! Budget Beficit, 1954-55 BUDGET 1954-55 15,988.00 11,365.00 5,710.00 8.556.25 6,075.00 4,662,46 8,360.00 13,095.00 100.00 74,911.71 180,112.19 14,130.00 67,010.00 10,918.00 272,17O.ia 13 ..745.00 2,060.00 200.00 7.655.00 4,000.00 61,650.00 41,840.00 3,325.00 17,575.00 20,425.00 172,475,00 3,111.44 14,295.00 3,500.00 2,010.00 14,687.00 80,000.00 3,120.00 1,800.00 1,185.00 2,500.00 126.208,44 645,765.3^ 12,214.84 ��MEMORANDUM Beard of Trustees Meeting October 30, 1954 Report on Living Endowment Funds for 1953-1 5 *4 Budgetted 1. Individuals (.unrestricted) 2. Presbyterian Churches U,S,A, Raised Surplus (deficit) 12,132.00 27,448.24 7,000.00 6,921.27 (78.73) 8,400.00 7,073.76 (1,326.24) 14,000.00 15,473.31 1,473.31 5. Scholarships 25.423.00 17,111.90 (8,311.10) 6. K. I.C.F. 12,500.00 9,000.00 (3,500.00) 79,455.00 83»028.00 3.573.48 18,000.00 18.531.82 531.82 97,455.00 101,560,30 4.105.30 3. 4. Presbyterian ‘ Board U.S.A Synod of Ky. (U.S.) Total 7. Alumni Fund Grand Total 15.316.24 ��Memorandum - Board of Trustees Meeting, October }0, 195U The recommended by-law for section Xlll, paragraph 2 e was presented and laid on the table for discussion and approval of the next full meeting of the Board, October 30, 195^. The proposed by-law is as follows: "The engagement of a member of the faculty or a member of the admin­ istration by Centre College of Kentucky, unless otherwise stated in writing, is understood to involve the full time of that person in the service of the College, Therefore, such a full-time member of the faculty or admin­ istration shall not accept outside employment, whether temporary or perma­ nent, without prior consultation with the President of the College and the approval of the trustees of the College, such approval to be granted in writing. "There will be times when by mutual agreement such outside employment will be considered desirable * However, it will be acceptable to the College only if it is within the professional field of competence, and thus related either to the teaching of the individual faculty member or in some other way has direct bearing on the responsibility of the College as a teaching insti­ tution. " It is understood that the long summer vacation is not considered as being part of the full-time of a faculty member’s service to the College, unless it has been so designated in writing and been so accepted by both the faculty member concerned and the College. �.'UiMa.-M »•»! I ’O’ TO tJ.n «® ;ol ., ‘loqtr O ‘ * i >j 4-' * n -r- io^v ri>o - - ,->£ * - »N . • r' ■) 'j » f > !O , - j j; voo *;»< 4 * r-r ) ' 3 no inhier ntr r » 4l -® 0f:r?>Rl a >• •■' ?<■••' �MEMORANDUM, Board of Trustees Meeting, October 30, 1954 ENROLMENT In addition to the factors affecting the enrolment at Centre in the report to the Executive Committee on October 1,1954, the following addi11onal items have been brought to our attention. 1. ihe reported increase in college enrolments across the nation has by no means been uniform. Lafayette College in Easton, Pennsylvania, for example, enrolled 493 freshmen in September 1953» as against 425 in September, 1954. Interesting enough they had more applications in this year than last, 1866 this year as against 1658 last year. There has been an alarming decline in the enrolments in the engineering colleges according to President Hutchison of Lafayette. 2. Actually the college-age group, as far as the U.S.Census figures are concerned, is the smallest to date, even a few less than 1953. The 1955 college-age group will be about the same as that of 1953, and 1956 will equal 1951. There will be mo marked increase in this group until I960. This means that any increase in college enrolments is probably due to a slight increase in the percentage of high school students going to college. 3. Students are doing more colleges (a) to be certain of the best scholarship offers. for years. It is becoming so past year. "shopping around," i.e.,applying to a number of acceptance, and (b) to see where they can get This has been quite marked in Eastern colleges in our area judging by our experience of the 4. President Rettaliata of Illinois Tech, made the following statement October 18, 195^, to his Board of Trustees, noting that,traditionally, essentially equal enrolments have existed between the independent and public institutions he said: "In the fall of 1952, the tax-supported institutions enrolled 7.5 per cent more students than the private colleges and universities. In 2 953 this figure doubled, amounting to 15 per cent. "The contrast is even greater in the case of students entering college for the first time. In 1952 the number of such students enrolling in public institutions exceeded those in private by 35 per cent. In 1953 the excess had increased to 43 per cent." The enrollment differential is even more marked in the case of the Korean veteran, Dr. Rettaliata pointed out. A recent survey, concerning full-time male veteran students entering college for the first time, showed that 71 per cent more enrolled in public institutions than in private in 1953. "The increasing disproportionate attendance between public and private institutions indicates that the tax subsidy is a major factor Influencing a student’s selection of an institution." 5. President Rettaliata's observations are born out by the fact that in Kentucky both numerically and percentage wise most of the real increases in college enrolments has taken place in the State Colleges, Eastern, Morehead, ��Murray, and Western * In the words of the president of the University of Louisville, ’’They are putting us out of business”- the ”us” referring to the tuition-charging institutions. There is only one conclusion to be drawn from the present situation and that is that what might be termed the "selling efforts" of Centre College must be * redoubled It is no longer sufficient to develop a good faculty and an excellent curriculum, though they are the essentials. Without them there is nothing to "sell." But in the competition with the public colleges for students, there must be,in the first place,a liberal, but wisely administered program of scholarship aid. Cur conpet‘.tive honor scholarships, regional honor scholar­ ships, and grants-in-aid are good investments from every point of view. If the funds can be raised to cover these scholarships, so much the better. Again the release of both Mr. Leech and Mrs. Silcott for full-time student promotion is all to the good. However, since the place where the enrolment of the college has a particular need for increase is in the men’s enrolment, it is therefore recommended that an additional man be employed for this job at the earliest date possible, even though this means increas­ ing the possible deficit for 195^-1955. I ��MINUTES EXECUTIVE COMMITTEE MEF.TTNG November 26, 1954 The meeting was called to order by the chairman, Mr, Lanier. Prayer was offered by President Groves. Present were Messrs Lanier, Gosney, Armstrong, W.P. Caldwell, Wachs Van Winkle, L, Caldwe.i.and Campbel?., and President Groves. Mr. Lanier appointed Mr-, Gosney as acting secretary in the absence of Mr. Lively. Mr. Arnicar made his report as Business Manager for the operations of the college for September and October, 1954. It was voted to receive and file the report. (See attached). It was voted that there be included in the next edition of the college catalogue a statement to the effect that deferred payments of student bills can be arranged with the Business Manager if need is shown. On recommendation of Mr. Logan Caldwell, treasurer, it was voted that the business manager, Mr. Arnicar be authorized to borrow up to $40,000 from the Farmers National Bank and $23,500 from the Citizens National Bank, until January 15, 1955. Mr. Armstrong, chairman of the Buildings and Grounds Committee, reported the unanimous recommendation of the committee that for the construction of the Weisigcr Art and Music Building the following low bids bo accepted and contracts lot. For general contract, the firm of Harris & Wood $143,500.00 For the plumbing, heating and ventilation contract Clark Plumbing Company 45,195.00 For electric work, Cutter Electric Company 15,233.00 For indirect lighting in auditorium, Neon Light Company For dimming lights in auditorium For archctect's feus, Nevin & Morgan Total 589.00 900.00 12,325.00 $217,742.00 On motion the above recommendation of the Buildings and Grounds Committee was approved. Mr. Logan Caldwell, treasurer, reported a letter from Hr. Offutt, President of the Kentucky Trust Company, to the effect that at the present time the college could borrow from the Kentucky Trust Company up to $100,000 on a ten-yoar note to bo repaid by campaign funds from KYSEC at 4$ per annum. It was voted that Mr. Caldwell bo authorized to borrow this money if and whon needed. ��Proaident Groves reported the receipt of a letter from a special committee appointed "by the Board of Christian Education of the Presbyterian Church in the U.S.A., to bring in a recommendation for suggested revisions of the sot of standards for colleges affiliated with the Presbyterian Church of the U.S.A. Thoso suggested revisions wore read and after thorough discussion, it was the consensus of the Executive Committee that they could not approve them, though action was delayed until President Grovos had had further opportunity to discuss the matter at .he meeting of the Executive Committee of the Presbyterian College Union to bo held January 10, 1955, in Washington D.C. President Grovos recommended that the next mooting of the Executive Committee on December 17, be given over to a thorough discussion of all aspects of the college to determine whether or not a survey of the college should be undertaken and, if so, what type of survey. After full discussion of this recommendation, it was voted that the chairman, Mr. Ike Lanier, be requested to make an investigation of who the college might obtain for such a survey and its probable cost to be reported at the December 17 mooting. President Groves reported on efforts made in behalf of the Vinson Memorial project in Now York and Washington during the week of November 16 through 22, Mr, Ike Lanier is to pursue the matter of obtaining a chairman for this committee from among non-Contro people. The chairman, Mr, Ike Lanier, appointed tho following committee on the problem of admission of negro students to confer with tho committoe of the Board of Overseers on tho same problem, namely, Messrs. Armstrong, chairman, L. Caldwell, and Gosney. Adjournment. ��' MINUTES Executive Committee Metting recember 17, 195^ The meeting was called to order by the chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were Messrs. Lanier, Logan Caldwell, W. P. Caldwell, Armstrong, Campbell a *nd Lively, and President Groves. The minutes of the Executive Committee meeting of November 26?195^» were approved as corrected by deleting the phrase from the motion in the last paragraph of page 1 of these minutes which reads "to be repaid by campaign funds from KYSEC.11 Thus the motion as revised reads: "Mr. Logan Caldwell, treasurer, Mr. Offut, President of the Kentucky that at the present time the college Trust Company up to $100,000.00 on a per annum.” reported a letter from Trust Company, to the effect could borrow from the Kentucky ten year note at four per cent Mr. Arnicar made his report as business manager of the college for operations through November 30 195^, pointing out that at the present * time the college is running some $10,000 behind as compared with the report made for the same date a year ago. This situation, it was explained, is due to several factors in­ cluding the necessity of replacing the boiler of the central heating plant in Wiseman-McReynolds, decreased Income in the food operations of the college due to decreased volume, and the delay in receipts of some income as compared with a year ago. On motion it was voted to receive the report. In connection with the business manager’s report, the president made a report on the Living Endowment Fund up tc November 30, 195^, which was received (see copy attached). The report of the alumni secretary, Mr. Ensminger, on the 14th Alumni(ae) Fund was read which brought out the fact that to date $8,239.50 have been received in cash and pledges as compared with $7 ,200,00 for the same date a year ago. On motion it was voted to receive the report. President Groves made a report on the visitation program for the admissions officers of the college, Mr. Brice T. Leech and Mrs. Katherine Silcott, which indicates that they have visi ted,between October 18 and December 18, 1954, a total of 50 high schools, the same number of high school principals, between 55 and 60 student counselors and also about 190 prospective students. In addition, from 90 to 95 parents of students and 110 other individuals, mootly alumni and alumnae in communities where prospective students live, have been Interviewed. In addition to the 190 students interviewed, some 135 names of future prospects for enrolment at Centre College were obtained. Along with this visitation campaign, the office of admissions has also been carrying on a rather extensive mailing campaign as well. ��-2* Mr uanler reported, on the matter of the proposed, survey of the college, with particular reference to a conference which he had with Dr. clarence ••«. Kreger, Provost of Miami University of Oxford, Ohio. President G-roves also reported on a conference with Dean Prank Dickey of the College of Education of the University of Kentucky and. Dr. Myron F Wlcke, Director of Secondary and Higher Education of the * Board of education of the Methodist Church, on the same subject. A letter from Dr, Tricke, containing his suggestions for the kind of a survey which the college might use, was read. After discussion it was moved and carried that Mr. Lanier ha<’b a further interview with Dr. Kreger, and that he he given the author <y * to engage Dr. Kreger to make the survey, ift after further conference with him, that should appear to Mr. Lanier to he the thing to do, Adjournmant. F. Pierce Lively Secretary i ��LxViNG EMDOufatiLr to j.. Budgetted $10,000.00 y. JC f 1/54*) Received $ 0.00 Balance Heeded UG,000.00 7,000.00 1,509.40 5,490.60 Synod of Kentucky-U.S. 14,000.00 2,790.00 11,210.00 Alumni(ae) 19,500.00 300.00 19,200.00 K I C F 10,000.00 0.00 10,000.00 Individual 15,000.00 3,630.00 11,370.00 Scholarships 14,050.00 7,992.00 6,058.00 TOTAL 89,550.00 16,221.40 73,328.60 10,690.82 68,764.18 Presbyterian Board-U.S.Ae Churches of Synod-U.S^A. t Totals (to November 30,1953) * * 79,455.00 . 1953 report for November 30,1953 did not include Alumni(ae) Fund ��Full-time. Pall Enrolments as reported by President Raymond ■alters in School and Society for Senior Independent colleges of Kentucky. Name Asbury Bellermine December 1952 recember 1953 851 852 8^ no report 137 — ■— no report December 1954 Gain or Loss 1952-1954 -7 Percentage Gain or Los -.08 •— — Berea 1102 1073 1119 A? /1.5 Centre 345 394 381 /36 /1C • 4 * Georgetown 582 599 670 /88 /15.0 Kentucky Wesleyan 218 242 298 /80 /36.0 Transylvania 289 353 403 /114 r39.O Union 253 301 399 /146 /57.7 No reports available Villa Madonna Totals 3,640 Total (excluding Bellarmine 3,814 4,251 4,114 rl3.0 ��Full-time Fall enrolments as reported, by fnr8JJenr Walters in School and Socl ety the Public Supported Senior Colleges of Kentucky Name Pec ember 1952 Pecember 1953 December 1954 University of Kentucky 4877 4963 5348 A71 /9.6 University of Louisville 2422 2760 2813 r391 Ao. 3 Eastern State 1340 1335 1690 /35O Ao. 7 Morehead State 572 587 697 A 25 /18.0 1280 1340 A» A3.6 508 450 - 71 . * -11 0 10,999 11,435 Murray State 7 *9 11 Gain or loss 19 <2-1 qcr/l X✓ J /y * Percent­ age Gain or loss Western S tate Kentucky S tate Totals 3 * 17 6 *1 12,1 6 *5 /11 A3.3 ��C27TRT COLL TGD OF X UTUCKT BALANCE SHL7T ST« T 1-/TNT - OPT ATI LG FUND November 30, 1954 ASSSTS Current Funds A, General Fund Cash in Bank Petty Cash Funds Notes Receivable Accounts Receivable (766.49) 1,225.00 458.51 2,137.65 16,234,87 18,372.52 Due From Other Funds: From Evans-Sumrall Scholarship Fund From Wiseman Memorial Fund From Farris Fund 90.00 1,653.03 _7., 117,03 8,860.06 Deferred Expense Inventories Prepaid Insurance LIABILITI 3S Current Funds A. General Fund Accounts rayable Accrued Salaries & Wages Accrued Withholding Tax, Federal Accrued Withholding Tax, State Hospitalization Insurance Salary Savings Withheld Social Security Taxes Withheld Borrowed Money 1,423.00 17,519.38 21.229.65 40.^72 ,Q.3 67,863,12 8,775.37 15,088.26 4,717.75 509.66 226.47 100.50 539.99 20,000.00 49,958.00 Due Other Funds: Due to Annuities Fund Building Fund Scholarship Fund Prize Fund DKE House Fund 209.43 84.69 5,565.26 4,953-08 102.64 10,915.10 Prepaid Charges: Board, Men’sDining ^all Board, Women s Dining nall 8,089.16 8.238,36 16,327.52 Reserves: Athletic Department Research Program Gifts for Designated Purposes 36.73 6,576.53 2^.78,^ 7,892.09 Agency Funds: Room Demage & ^ey Deposit 200.50 Fichter Foundation - Student Loan Fund 90,293.21 Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at Nov, 30, 1954 51,307.96 28.877.67 22,430,09 380 ��381 CENTRE COLLEGE OF Z.17TUCKY ST TEME/T OF INCOME & EXPENSE - OPERATING FUND November 30, 1954 Educational &■ General Auxiliary Enterprises Residence Halls, 'omen’s Bent. •• Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, Women’s Dept. Dining Hall, lien’s Dept. Tea Room, ;;omen’s Dent. Coffee Shop, Men’s Dept. Bookstoie & Postoffice Other Non-Bducational Gifts Gifts - Alumni-ae Fund Student Activities Health Service Athletic Dept., Men Scholarships & Grants Other Income Expense - Endowment Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemother’s Fraternity Houses Central Stores Warehouse Income 134,585.69 Expense -82.849,7.5 3 *7 11,022 2,380.33 I65.OO 5,688.49 1,342.47 17,996.62 14,980.86 666.43 5,273.74 11,171.04 70,687.35 6 *7 3,901 383,44 102.06 3,030.71 1,324.38 18,341.60 15,712.43 674.56 5,091.60 -10^37,15 . 59.499.80 5,139.40 300.00 3,500.00 2,010.00 9,611.00 7,992.00 1,153.04 610.00 325.02 9,537.67 37,748.50 29.705.44 3.215.49 668.59 3,079.88 412.97 795.00 357.94 56.751.06- Total Income - Expense• 234,978.48 Excess! Income over Expense! 234,978.48 206,100.61 28.877.82 234.978.48, *See Schedules Attached ��November 30. 1954 Schedule A Educational & General Income Student Fees Tuition & Fees Other Fees Total Student Fees Endowment Income Unallocated Endowment Earnings Real Estate Income..Unrestricted Total Endowment ncome 98,934.74 ■■ 218,75 99,153 .** 9 22,041.71 J7...75O.49 29,792.20 Gifts - Church Boards Synod of Ky. U.S. 2,790.00 Educational -delated Whitney Foundation Total Educational & General I 2,850.00 134,585.69 Schedule B Educational & General Expense Administration & General 4,124.33 President’s Office 2 ,819.14 Business Office 1,240.08 Treasurer’s Office 2,335.84 Dean & Registrar’s Office 1,853-66 Alumnae & Stu. rro. Women 1,214.64 Dean of Women’s Office 2,639.57 Student Promotion, Men 3,995.09 General Expense ____ 26^2 Board of Trustees Total Administration & General Expense Instructioral Expense Instruction Library Operation & Mnintenance Total Instructional xpense Total Educational & General Expense 20,249.24 46,042.75 4,422.91 19,134,85 69,600.51 89.849,75 ��STAT34ZNT OF PROFIT & LOSS Dining Hall, Women’s Department November 30, 1954 Month of Nqv, *4 5 I< CO .E * Students Faculty & Officer’s Employees EXPOSE Inventory, Beginning Purchases Total: Less! Inventory, Ending Cost of Food Sold: Salaries Wages Extra elp Cocking Fuei Ice Refrigeration Linens, Silverware, China Janitor Supplies Laundry E] ectricity Water Repairs Telephone & Telegraph Exterminator Service Rents Total Expense Gain or (Loss): Year to Nov. 30. 154 5,526.58 65.78 798.12 6.370.68 15,890.42 137.34 - 1.968.86 17.996.62 576.46 3.752.91 6,329.37 647.07 3,682.30 160.52 10.718.85 10,879.37 647.07 10,232.30 278.84 1,951.75 3.00 63.80 8.00 836.52 4,590.75 123.00 178.83 32.00 167.40 25.18 66.40 78.32 54.33 244.86 137.64 17.52 20.00 1 ^.5.0, OS 17,855.05 ___ 141^2 17.996,6,2 12.06 20.80 40.70 28.40 110.95 67.53 8.76 350,00 6,606.89 (236.41) 6.370.68 ��384 STATEMENT 01 P.iCFIT & LOSS DINING HALL, MEN’S DEPARTMENT November 30, 1954 Month of Nov, *^ 5 4,435.46 354.80 259.56 + * 9.82 5,0 IN CO: iE Students Employees Cash Sales Training Table Year to Nov. 30, * + 5 11,937.82 1,017.60 519.24 1,506.20 14,980,86 996.22 3,208.73 4,204.95 _ 920.75 3,284.20 366.14 -9 .,885.25 10,251.39 ___ 920.75 9,330.64 187.00 1,122.40 12.00 58.75 561.00 3,205.40 15.75 68.41 48.00 27.75 260.50 29.50 80.62 127.61 118.06 67.90 300.87 94.57 16.25 30.00 + *, 77 99 15,157.82 1176,96) 14,980.86 exp' rs' Inventory, Beginning Purchases Total: LessInventory, Ending Cost of Food Sold: Salaries Wages Extra Help Cooking Fuel Ice Refrigeration Linens, Silverv/are, China Kitchen Expense Janitor Supplies Laundry Electricity Water Heating Repairs Supplies, Records, etc. Exterminator Service Rents Total Expense: Gain or (Loss) 15.78 21.80 + * *+8.6 + *2 54. 93.85 44.01 258.33 5,201.18 Jj-.51.e36) UM ���38.5 CENTR” COLLEGE OF KENTUCKY BUDGET COErAhlSOl'T - OPERATING FUND Income Student rees General Fees Other Fees Endowment Unrestricted Real Estate (Unrestricted) Restricted f Gjfts - Church Boards Synod of Ky. U.S. Bd. of Christian Education, U.S.A, Educational-Related Whitney Foundation Vocational Guidance Research Program Auxiliary Enterprises Residence Hall, Womenrs Dept. Residence Halls, Wiseman Residence Halls, Breckinridge Centreville Dining Room, Women1s Dept. Dining Room, Men’s Dept. Tee Room, Women’s Dept. Coffee Shop, Hen’s Dept. Bookstore & Postoffice Other Won—Educational Income Gifts-Living- Endowment Ky, Ind. College Foundation Churches - Living Endowment Alumni - Alumnae Association Student Activities Health Service Athletics , Men’s Dept. Scholarship s & Grants Other Income Totals: Budget 1954-55 Quota Realized Nov. 30. ‘54 Nov. 30. ’54 Over (Under) 188,973.50 —1.250,00 120,223,50 96,176.00 ___ 312,50 96,488,50 98,934.74 218,75 22.153.49 ^x.664,99. 61,500.00 20,887.00 —18.810,00 101.197,00 15,375.00 8,471.75 4.702.50 28.549.25 13,057.70 7,750.49 -3.096.44 23.906.63 (2,317.30) (721.26) (1^4^06) (4.642.62) 16,000.00 10.000,00 26.000.00 4,000.00 2,500.00 6.500.00 2,790.00 ______ ,00 -2^790.00 (1,210.00) (2.500,00) (UZIQ^J. 5,700.00 1,000.00 10.000,00 16.700,00 2,850.00 .00 , .00 -2.850.00 2,850.00 .00 21,700.00 4,780.00 10,320.00 4,000.00 66,650.00 44,510.00 3,500.00 18,500.00 21.500.00 195.460.00 10,523.00 2,360.00 5,425.49 1,200.00 17,996.62 14,980.86 1,050.00 4,625.00 11.171.04 69.332.01 11,022.37 2,380.32 5,688.49 1,342.47 17,996.62 14,980.86 666.43 5,273.74 11.17-1,.04 70.^2.34 499.37 20.32 263.00 142,47 .00 .00 (383.57) 648.74 .001 ..120 dl 15,000.00 10,000.00 7,000.00 19,500.00 3,500.00 2,010.00 11,060.00 30,050.00 5.850.OP 103.970.0Q 3,750.00 2,500.00 1,750.00 4,375.00 3,500.00 2,010.00 10,210.00 7,012.50 .1,025,00 3,630.00 .00 1,509.40 300.00 3,500.00 2,010.00 9,611.00 7.992.00 1,1.5.1x04 29-.ZQ5.x44 (120.00) (2.500.00) (240.60) (4,075.00) .00 .00 (599.00) 979.50 128.04 (6,427.06) 633,550.50 239,852.26 228,927.90 (10,924.36) ______ £0. 2.850.00 2,758.74 _ 19.3^25) t00 .00 ___ ___ xQfi ��386 C THE COLLEGE OF KENTUC Y BUDGJT COiiPAKISOiT-OPJ^fi.G FUND Budget 1954-55 t'JgPEN DITCHES Administration & General I President’s Office 15,988.00 Business Office 11,865.00 I Treasurer’s Office 5,710.00 Dean & Hegistrar’s Office 8,556.25 Alumnae Office & Stu. Pro. /omen 6,075.00 I Dean of Women’s Office 4,662.46 Student Promotion, Men 8,860.00 I General Expense 13,095.00 Board of Trustees 100.00 ->,9X1,71 Instructional Instruction 180,112.19 Library 14,130.00 Operation & Maintenance 67,010.00 Endowment & Heal Estate 10.918.00 272.170.19 1 Auxiliary Enterprises W Besidence Halls, Women's Dept. 13,745.00 Besidence Halls, “isem^n 2,060.00 Besidence Halls, McHeynolds 200.00 Besidence Halls, Breckinridge 7,655.00 4,000.00 > Centreville Dining Hall, Women’s Dept. 61,650.00 I Dining Hall, ?xen's Dept. 41,840.00 | Tea Boom, Women’s Dept. 3,325.00 17,575.00 B Coffee Shop, Men’s Dept. 20,425.00 Bookstore & Postoffice 172.475.0_Q ' Other Hon-Educational Expense 3,111.44 Public delations 14,295.00 Alumni Office 3,500.00 Student Activities 2,010.00 Health Service 14,687.00 Athletics, Men’s Dept. 80,000.00 Scholarships & Grants 3,120.00 Bus Service 1,800.00 Housemother’s, Frat. Houses 1,185.00 Central Stores Warehouse 2.5OO.OQ Wiseman Annuity 126.208.44 Totals: Budgeted Deficit for 1954-55: Budget Deficit at Nov. 30, 1954J 645,765.34 (12,214.84) Quota N<.3O, v * ’54 expended Nov.30'54 (Over) Under 3,967.00 2,946.25 1,427.25 2,139.06 1,668.75 1,165.41 2,365.00 3,873.75 _____ 2£uQ0 -d2„577,47 4,124.33 (157.33) 2,819.14 127.11 1,240.08 187.17 2,335.84 (196.78) 1,853.66 (184.91) 1,214.64 (49.23) (274.57) 2,639.57 (121.34) 3,995.09 26.89 ____ £1x82) _ 20,249.24 - (671.77) 46,153.04 4,285.00 17,087.50 _2.847.00 -70.372.54 46,042.75 4,422.91 19,134.85 ".215.49 J72..816.QO 110.29 (137.91) (2,047.35? . (368.49) (2,443,46) 3,556.00 395.00 50.00 2,113.75 1,200.00 18,341.60 15,712.43 997.50 4,393.75 10.937.35 ..57,697,33 3,901.67 383.44 102.06 3,030.71 1,324.38 19,549.77 16,788.24 674.56 5,091.60 J0.a32x.35 J? 1,78 UZS (345.67) 11.56 (52.06) (916.96' (124.38' (1,208.17) (1,075.81) 322.94 (698.15) ______ (M,086.40' 772.37 3,573.75 610,00 352.50 9,466.58 37,748.50 587.50 795.00 304.00 ________.00 54,210.2-0. 668.59 3,079.88 610.00 325.02 9,537.67 37,748.50 412.97 795.00 357.94 ________ .00 5".535,52 103.78 493.87 .00 27.48 (71.09) .00 174.53 .00 (53.94) .00 674.63- 201,857.59 208,384.59 (6,527.00) (17,451.36) ��H^ll—time F all Enrolments ri reported "by President Raymond as Walters in School and Society for Senior Independent Colleges of Kentucky. Name December 1952 December 1953 851 852 844 no report 137 1102 1073 1119 /17 A.5 Centre >5 394 381 /36 Ac. 4 Georgetown 582 599 670 /88 A5.0 Kentucky Wesleyan 218 242 298 /80 A6.0 Transylvania 289 353 403 /114 /39.o Union 253 301 399 /146 r57.7 Asbury Bellermine Berea no report Gain or Loss 1952-1954 -7 Percentage Gain or Loss -.08 — -— — No reports available Villa Madonna Totals December 1954 3,640 Total (excluding Bellarmine 3,814 4.251 4,114 A3.0 ��rnrolmente as reported by Walters in School and Society lor the Public Supported Senior Colleges of Kentucky Name December 1952 December 1953 Feceiaber 1954 University of Kentucky 4877 4963 5348 A71 /9.6 University of Louisville 2422 2760 2813 r391 Ao. 3 Eastern State 1340 1335 1690 Z35O Ao. 7 Morehead State 572 587 697 /125 /18.0 1280 1340 1479 A 99 A3.6 508 450 437 - 71 -14.0 10.99? 11,435 12,464 /1465 A 3.3 Murray State Oain or loss IQW-l QCk Percent­ age Gain or loss Western S tate Kentucky S tate Totals i ��Meeting of the Executive Committee January 15, 1955 389 -he meeting was called, to order "by the chairman, Mr. Ike Lanier. Prayer was offered by President Groves Present were Messrs. Wachs, Armstrong, Logan Caldwell, Lanier, and j-osney, and .^resident proves and Mr. Arnicar, business manager, xhe minutes cf the meeting of recember 17, 195^, were approved as circulated. The chairman, Mr. Lanier, appointed Mr. Arnicar as acting secretary. Mr, Arnicar made the report of the business manager for operations through December 31, 195^. After the reading of the report, it was voted to receive and file it. A report was read from the buildings and Grounds Committee of a meeting which had been hell on December 21, 195^. with Messrs Morgan and Judd at which there had been considered the problem of the installation of fire escapes for Main Hall and Young Science Hall, as recommended by the State Fire Marshal. After hearing the report and the recommendations of the committee, it was voted to install the four escapes and authorize the work by the Logan Company of Louisville in accordance with their base bid of $12,329,03 fur­ nished tho college in their letter of September 2, 195^. It was further voted to discontinue the use of the auditorium in Old Main until the escapes in Old Main have been installed. A report from the Kentucky Synod Educational Campaign was read, showing that since December 21, 195^» $2,350 in pledges and $16,in cash have been received. Cash allocations to the six institutions according to this report of January 6, 1955, total $10^,300,00. Mr. G. Leonard Eels, who sent the. report to the collego, pointed out that there is still needeci ^76,2,1.00 in additional pledges in order to reach the goal of $350,000. He further pointed out the need of cash payments on pledges and commitments already male, par­ ticularly since two of the institutions involved in the campaign have started construction with buildings planned on the basis of the funds to be received from this campaign. A report of the pre-registration for February 1, 1955. and September, 1955, of the admissions office was read indicating that to date forty men an forty-seven women have registered for a total of eirhty-seven s on s* compares with a registration of thirty men and thirty-four women or a of sixty-four a year ago. On recommendation of President Groves, it was voted to appoint Dr. noroy Education and Psychology as acting dean Ullrich, now head of the Department of of students beginning February 1, l?f • , j r r. t T) Cowan. Vice President of the West A letter was read from . r. J. 0 an Lcpartment of . * Virginia Pulp and Paper Company to Dr. R.I.Kusn Ox 1 ��Chemistry, expressing their real appreciation for the £ine research work done by the Department of Chemistry of the college. President Groves made a "brief report of work done in Washington and New York last week In connection with the project for the establishment of a memorial to the late Chief Justice Fred M. Vinson. Efforts are now being made to obtain a chairman of a committee for the New York City area, another chairman for the Washington, D. C. area, and a general over-all chairman. It is planned to complete this project if possible by June 1955. Adjournment. ��Centre College of Kentucky Balance Sheet Statement Operating Fund ASSETS Current Funds A, General Fund Cash in Bank Petty Cash Funds December 31, 1954 10,354.82 1.225,00 11,579.82 Notes Receivable Accounts Receivable 2,137.65 6.186,55 10,324.20 Due From Other Funds J From Dvans-Sumrall Scholarship Fund From Wiseman Memorial Fund From Farris Fund 95.00 1,653.03 7.069.98 8,818.01 Deferred Expense Inventories Prepaid Insurance 1,423 .00 17,081.62 ^.10.1,2 47.U34.74 78,156.77 LIABILITIES Current Funds A. General Fund Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax, Federal Accrued Withholding Tax, State Hospitalization Insurance Salary Savings Withheld Social Security Taxes Withheld Borrowed Money 14,858.69 14,874.71 7,057.25 678.99 221.47 127.55 1,021.64 35,000.00 73>840.30 Due Other Funds : Due to Annuities Fund Building Fund Scholnrshin Fund Prize Fund DICB House Fund 209.43 84.69 5.565.26 4,953-08 102.64 10,915.10 Prepaid Charges: Board, Men’s Dining Hall Board, Women’s Dining Hall 4,902.60 4.220.08 Reserves : Athletic Department Research Program Gifts for Designated Purposes 57.63 6,576.53 1.176.63 9,122.68 7,812.99 Agency Funds: Room Damage & Key Deposit 200.50 5.000.00 106,891.57 Lichter Foundation — Student Loan Fund Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at Dec, 31 195.4 * 51,307.96 22,573.16 28.734.80 78.156.77 ��Centre College of Kentucky Statement of Income & Expense Operating Fund. Educational & General Auxiliary Enterprises Residence Hells, Women Dept. s * Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, Women’s Dept, Dining Hall, Men s * Dept. Tea Room, Women’s Dept. CoffeeShop, Men’s Dept. Bookstore & Postoffice Other Hon-Educational Gifts Gifts-Alumni-ae Fund Student Activities Health Service Athletic Dept. Men Scholarships & Grants Other Income Expense - Endowment Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemother’s Fraternity Houses Central Stores Warehouse Wiseman Annuity December 31, 1954 Income Expense 152,461,46* * 116.225.9.6 11,041.47 2,420.33 205.00 5,742.32 1,902.97 22,660.06 18,606.12 1,000.32 6,816.77 ■11.903.51 -82.,.298JL8?. 12,996.37 500.00 3,500.00 2,010.00 9,831.00 10,602.00 1,864.32 41,303 .69, Total Income - Expense J Excess! Income over Expense! 276.084.02 276.084.02 *See Schedules Attached 5,176.38 444.73 147.30 3,859.77 1,751.05 22,960.06 19,246.73 1,058.61 6,496.68 .11,649.2.6 72.790.52 1,310.00 455.31 10,268.25 39,414.16 4.184.27 1,262.70 4,407.50 525.77 910.00 506.35 1,250.00 64,494,.31 253,510.86 22,573.16 276.084.02 ��December 31, 1954 Schedule A Educational & General Income Student Fees Tuition & Fees Other Fees Total Student Fees ^ndovmient Income Unallocated Endowment Earnings Real Estate Income, Unrestricted Restricted Endowment Total Endowment Income 98,855.84 421,75 99,277.59 34,029.4$ 9,012.32 15Q.QQ 43,191.81 Gifts - Church Boards Synod of Ky. U.S. 6,662.06 Educational Related Whitney Foundation 2,850.00 Vocational Guidance 500,00 Total Educational Related Total Educational & General Income Schedule B Educational & General Expense Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae & Stu. Pro. Women Dean of Women’s Office Student Promotion, Men General Expense Board of Trustees Total Administration & General 5,400.37 3.788.25 9 *3 1,633 3.029.26 2,389.92 1,613.02 3,576.57 4,423.70 26.89 Expense Instructional Expense Instruction 3 *4 60,315 Library 5,293.95 Operation & Maintenance 24,734.78 Total Instructional Expense Total Educational & General Expense 3.350.00 152,46.1.46 25,881.91 90,344.07 ��Centre College of Kentucky Statement of Profit & Loss Lining Hall, Men’s Department December 31, 1954 Month of Dec. ’54 EXPENSE Inventory, Beginning Purchases Total Less J Inventory, Ending Cost of Food Sold Salaries Wages Extra Help Cooking Fuel Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Heating Repairs Sunrlies, Records, etc. Exterminator Service Rents Total Expense Gain or (Loss) 3,186.56 303.60 135.10 3-625.26 INCOME Students Employees Cash Sales Training Table Year to Dec. 31 ‘54 15,124.38 1,321.20 654.34 1.506,20 18,606.12 920.75 1,9.1.0,35 2,831.00 727.37 2,103.63 366.14 11.79.5.u5Q 12,161.64 727.32 11,434.27 187.00 0^3.60 59.7U 19.20 6.00 3.60 30.81 53.53 37.93 4.31 20.00 258.33 3,727.68 (102.42) q .625 .26 748.00 4,149.00 15.75 128.15 46.00 27.75 279.70 35.50 84.22 158.42 171.59 67.90 338.80 98.88 16.25 50.00 1.033.32 18,885.50 (279.38) 18.606.12 ��395 Centre College of Kentucky Statement of Profit & Loss Pining Hall, Women’s Department December 31, 1954 Month of Dec. *4 5 INCOME Students Faculty & Officer’s Employees EXPENSE Inventory, Beginning Purchases Total Lessi Inventory, Ending Cost of Food Sold Salaries Wages Extra Help Cooking Fuel Ice Refrigeration Linens, Silverware, China Janitor Supplies Laundry Electricity Vater Heating Repairs Telephone & Telegraph Exterminator Service Rents Total Expense Gain or (Loss): Year to Dec. 31, ‘54 3,946.04 45.78 671.62 4,663.44 19,836.46 183.12 . 2,640,48 22,660,06 • 647.07 2.062.37 2,709.44 675.Q9 2,034.05 160.52 12,781.22 12,941.74 675.^9 12,266.35 278.84 1,571.50 1.115.36 6,162.25 123.00 244.78 32.00 205.15 46.43 74.40 100.53 87.05 244.86 125.77 150.98 26.28 40.00 1,400.00 22,445.19 214.87 22.660.06 65.95 37.75 21.25 8.00 22.21 32.72 125.77 13.34 8.76 20.00 35O.O-Q 4,590.14 73,30 4.663.44 ��I 396 Centre College of Kentucky Budget Comparison - Operating Fund. Incone Student Fees General Fees Other Fees Endowment Unrestricted Real Estate (Unrestricted) Restricted Gifts-Church Boards Synod of Ky. U.S. Board of Christian Education, U.S.A. Educat ior.nl-Rela ted Whitney Foundation Vocational Guidance Research Program Auxiliary Enterprises Residence Halls, Women’s Dept. Residence Halls, Wiseman Residence Halls, Breckinridge Centreville Dining Room, Women’s Dept. Dining Room, Men’s Dept. Tea Room, Women’s Dept. Coffee Shop, Men’s Dept. Bookstore & Postoffice Other Ncn-Educational Income Gifts-Living Endowment Ky. Ind. College Foundation Churches-Living Endowment Alumni - Alumnae Association Student Activities Health Service Athletics, Men’s Dept. Scholarships & Grants Other Income Totals I Budget 1954-55 Quota Realized Dec.31,’54 Dec,31, *4 5 Over (Under) 188,973.50 96,176.00 __ 1^250.00 416.66 .130,223,50 -96,592,66 98,855.84 421.75 99.277.59 61.500.00 20.887.00 18'.810.00 101.197,00 20,500.00 9,062.32 -6.270.00 35,832.22 20,133.44 9,012.32 5,098.05 34,243.81 * (366.56 (50.00) _ (1,171.-95.) (1.588.51 16,000.00 10,000,00 26,000,00 5,333-33 . 3.333.33 8,666.66 6,662.06 ________.00 6,662.06 1,328.73 (3,333.33.. (2,004,60* 2,850.00 2,850.00 500.00 500.00 ,00 ,00 3.,350,OQ . . 3.350.0Q .00 .00 .00 xQG_ 5,700.00 1,000.00 10,000.00 16,700.00 2,679.84 5.09 2,684.9^ 21,700.00 4,780.00 10,320.00 4,000.00 66,650.00 44,510.00 3,500.00 18,500.00 21,500,00 195.46O.OQ 10,999.00 2,330.00 5,477.32 1,333.33 22,660.06 18,606.12 1,400.00 6,166.66 11.977.86 80,950.35 11,041.47 2,420.33 5,742.32 1,902.97 22,660.06 18,606.12 1,000.32 6,816.77 U,977.8_6 82.165.22 42.47 90.33 265,0C 569.64 .00 .00 (399.68) 65O.ll _______ J3C 1,217.-87 15,000.00 10,000.00 7,000.00 19,500.00 3,500.00 2,010.00 11,060.00 30,050.00 5.850.0Q 103 .970.0-0- 5,000.00 3,333.33 2,333.33 500.00 3,500.00 2,010.00 10,580.00 10,602.00 1.824.QU 39.682.66 5,530.00 5,000.00 2,466.37 500.00 3,500.00 2,010.00 9,831.00 10,602.00 1,864,32 41,303.69 530.00 1,666.67 133.04 .00 .00 .00 (749.00' .00 40^32. 633,550.50 265,074.65 3 *7 267,005 1»621aPl 1,9.30.72 I ��« Centre College of Kentucky Pudget Comparison - Operating Fund Expenditures Administration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office & Stu. Pro Dean of Women’s Office Student Promotion, Men General Expense Board of Trustees Instructional Instruction Budget 1954 ‘55 Quota Dec.31 '54 Expended Dec.31’54 (Over) Under 15,988.00 5,329.33 11,865.00 3,955.00 5,710.00 1,903.33 8,556.25 2,853.08 Women 6,075.00 2,158.33 4,662.46 1,554.15 8,860.00 3,083.33 13,095.00 4,365.00 100.00 _____ ^3.33 74,911.71 - 2.5,234,88 5,400.37 3,788.25 1,633.93 3,029.26 2,389.92 1,613.02 3,576.57 4,423.70 _____ 26.82 . 25.881.91 (71.04) 166,75 269-40 (176.18 (231.59) (56.87) (493,24; (58 70' 6,44 (647.03, 180,112.19 60,037.39 14,130.00 5,276.66 67,010.00 22,680,00 10.918.00 3.796.00 272.170.19 ..91,79 0.Q.5 60,315.34 5,293.95 24,734.78 4,184,27 .. 94., 528,34 (277.95 (17.29' (2,054.78) (388.27) (2.738,2^.1 13,745.00 2,060.00 200.00 7,655.00 4,000.00 61,650.00 *+1,840.00 3,325.00 17,575.00 + * 25.00 20, 172 , 75.00. + * 4,741.66 486,66 66.66 2,875.00 1,333.33 21,474.87 17,850.99 1,330.00 5,865.00 11.649.26 67,673.43 5,176.38 444.73 147.30 3,859.77 1,751.05 22,960.00 19,246.73 1,058.61 6,496088 11, 649 ,2.6 . 72,790,21 (434.72) 41,93 (80.64) (984,7?) (417.72) (1,485.13) (1,395.74) • 271.39 (631.88) + * 3,111. 14,295.00 3,500.00 2,010.00 14,687.00 80f000.00 3,120.00 1,800,00 1,185.00 2.5OO.QO 126,208.44 1,165.77 4,765.00 1,310.00 470.00 9,999.03 39,414,16 786466 910.00 406.33 1.250,00 60,476,95 1,262.70 4,407.50 1,310.00 455.31 10,268.25 39,414,16 7 *7 525 910.00 506.35 1,250.00 + * 60,210.0 (96-93) 357.50 .00 14.6? (269.22) ,00 260.39 .00 (100.02) ________ u0C -166.93 645,765-3^ 245,175.31 (12,214.84) 253,511.00 (8,335.69) Operation & Maintenance Endowment Real Estate uxiliary Enterprises Residence Halls, Women’s Dept. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, Women’s Dept. Dining Hall, Men’s Dept. Tea Room, Women's Dept. Coffee Shop, Men’s Dept. Bookstore & Postoffice they Non-Educational Expense Public Relations Alumni Office Student Activities Health Service Athletics,Men’s Dept. Scholarships & Grants Bus Service Housemother’s Frat. Houses Central Stores Warehouse Wiseman Annuity Totals t Budgeted Deficit for 1954-55 Budget Deficit at Dec. 31, 1954 (6,404.97) ��MINUTES EXECUTIVE COMMITTEE MEETING February 18, 1955 The meeting was called to order by the chairman,Mr. lire Lanier. Prayer was offered by Pregident Groves. Present were Messrs. Lanier, Wachs, Campbell, Van Winkle, Gosney, Armstrong, and Lively, and President Groves. The minutes of the meeting of January 15, 1955 were approved as previously circulated. Mr. Fred Arnicar made the monthly report on current operations of the college. As of January 31, 1955, income exceeded budget expectations by 310,872.63, expenditures totalled $12,887.61 beyond expectations, resulting in a budget deficit of $2,01U.98. Comparing budget operations with last year, Mr. Arnicar pointed out that there was a budget gain of $11,636.00 on January 31, 195^ * However, Mr. Arnicar feels confident that in view of improved income from students for the second semester together with the additional gift of $8,000.00 from the Board of Christian Education, that by August 31, 1955, when the College closes its fiscal year, operating income will equal operating expense and the College will finish the year without the expected deficit of $12,214.8U. It was voted to accept and file Mr. Arnicar s * report. The report of the acting registrar wag read showing that for the second semester of 1955 there are a total of 371 students enrolled, 8 of whom are special students, making a total of 363 full-time students. The budgeted expectation of enrolment for the second semester was 353 full-time and special students, so that there are 18 more students enrolled than anticipated. This situation is due in large measure to the fact that 21 new students enrolled at the beginning of the second semester, February 1, 1955, The report from the admissions office was read showing that as of Feb018, 1955, 105 students have applied for admission in September 1955, . 7 of whom have been accepted and 28 of whom are pending acceptance. This total of 105 compares with a total of 77 for the same date a year ago, However, it was pointed out that part of this increase is due to a much larger number of appli­ cations for honor scholarships. This is a good situation though, in that, on the basis of previous experience, many of the applicants for honor scholarships untimatcly are admitted to Centre College even though they are not awarded scholarships. The report of the alumni secretary was read showing that in the lUth Fund to date 786 contributors have contributed In cash and pledges whereas on the same date a year ago 7Wt contributors had contributed $15.^32.50 The alumni secretary reported that class managers are just now beginning their work -4th members of their classes that have not contributed up to the present time. In other words, the results obtained thus far have been based entirely on general letters sent out from the college. ��399 -2- as follows: re-oramendations of the -ommittee on Honorary Degrees were read, Mr. Charles R. Hook of Middletown, Ohio, for the LL.D.degree. (The commencement speaker.) Mr. Charles R. McDowell of Lexington, Virginia, for the LL.D, degree. . The Reverend Edgar E. Houghton hcnorary - • D. degree. of Anchorage, Kentucky, for the xhe Reverend wault Robertson of Faris, Kentuciry, for the honorary D. D. degree. It was voted to approve these recommendations and to submit them to the full Board of Trustees by mail for their ballot. The Executive Committee voted also to recommend to the Committee on Honorary Degrees that a fifth degree be granted this year and that the hon­ orary degree of Doctor of Laws be granted to Mr. Arthur Krock, well known Washington correspondent of the New York Times. President Groves reported the arrangement worked out with Mr. John W. Frazer, following the recommendation of Mr. Ernest C. Miller and Dean Jameson M» Jones, whereby Mr. Frazer has assumed the duties on a part-time basis of registrar of the college of February 1, 1955 * On the recommendation of President Groves, it was voted to confirm the appointment of Mr. John W. Frazer as acting registrar of the college as of February 1, 1955, with the understanding that within a reasonable length of time, either September 1955 * or February 1956,if everything proves satisfactory,that he be promoted to the position of registrar. It is understood by this appointment that Mr. Frazer will continue as part-time instructor of mathematics and physical science with no change in salary for the fiscal year. Mr. Ike Lanier reported that arrangements had been made with Dr. Norman Burns of the faculty of the University of Chicago to make a sur­ vey of the college. Dr. T. Hunton Rogers has met Dr. Burns and recommends him for this position. Dr. Burns is also executive secretary of the North Central Association of Colleges and Secondary Schools. Mr. Lanier reported that Dr. Burns is to visit the campus on March 30 to begin the work of this survey. * Mr Lanier and President Groves reported on trips to Atlanta to visit Mr. John Goodloe, Secretary-Treasurer of the Coca Cola Corporation, and to Jacksonville, Florida, to visit Mrs. Alfred I. du Pont in connection with the Vinson Memorial Fund. Mr. Goodloe declined the Invitation to be the chairman of the committee, but assured Mr. Lanier and President Groves of his interest and active support which he has since demonstrated. Mrs. du Pont pledged a contribution of $15,000 to be received early sometime this year. President Groves reported on a meeting of the Faculty Committee on Athletics on the matter of membership of Centre college of Kentucky in the Kentucky Intercollegiate Athletic Conference, Specifically two Questions i ��-3- 400 were brought before the committee, namely, should. Centre continue its mem­ bership in the conference and., if not, when should, it withdraw? It was the consensus of the faculty Committee that it would be inadvisable to withdraw from the Kentucky Intercollegiate Athletic Confer­ ence at the present time and certainly not until an attempt has been made as a member of the Conference to have the Conference clarify (1) its eligibility rules, (2) the intercollegiate sports in which its members would participate annually, and (3) its attitude toward athletic scholarships. It was the belief of the Faculty Committee that an attempt should be made to have the Kentucky Intercollegiate Conference meet sometime thj s spring, such a meeting to include not only athletic directors, but also the presidents and members of the Faculty Committees on Athletics, preferably in March or April to discuss these matters. Should it prove impossible to get such a meeting together or should the decisions reached not be in line with policies agreeable to Centre College, then the question of the member­ ship of the college in the Conference should be decided, but not before such steps are taken. The Executive Committee, after hearing this report from the Faculty Committee on Athletics, wont on record as expressing the opinion that Centre College of Kentucky should resign immediately from the Kentucky Intercollegiate Conference, the letter to be sent prior to the basketball tournament shortly to begin, but the resignation to take effect at the close of the tournament. However, the Executive Committee also wished to make it clear that they did not wish to over-ride the opinion of the Faculty Committee, but did wish this consensus to be reported to them. Adjournment. F . Fierce Lively Secretary ��Centre College of Kentucky balance Sheet Statement Operating Fund 401 January 31, 1955 Assets Current Funds A, General Fund Cash in Bank Petty Cash Funds 25,916.21 ___ 1,225,00 27,141.21 Notes Receivable Accounts Receivable 2,137.65 390,20 2.517.85 Due From Other Funds: From Evans-Sumrail Scholarship Fund. From Wiseman Memorial Fund From Farris Fund 157.50 1,653.03 7,225.28 9.035.81 1,423.00 17,159.53 29,088.65 86,366.05 Deferred Expense Inventories Prepaid Insurance Total Assets: Liabilities Current Funds A. General Fund Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax, Federal Accrued Withholding Tax, State Hospitalization Insurance * Salary Savings Withheld Social Security Taxes ’Withheld 10,438.90 1M37.53 4,773.75 328.70 161.82 127.35 22^18 31.603.23 Due Other Funds: Due to Annuities Fund Building Fund Scholarship Fund * Prize Fund DICE House Fund 209.43 84.69 5,440.26 5,003.08 102.-64 10,840.10 59,616.90 Prepaid Tuition & Fees Reserves: Athletic Department Research Program Gifts for Designated Purposes 73.68 8,076.53 1,05'! .83 9,204,04 Agency Funds: Room Damage & Key Deposit 200.50 5.000.00 116,464.7? Lichter Foundation — Student Loan Fund Surplus & Deficit Account• Accumulated Operating Deficit Operating Gain at Jan.31, 1955 * 51,307.96 21,209.24 30,098.72 86.366.05 ��402 Centre College of Kentucky Statement of Income & Expense Operating Fund January 31» 1955 educational & General Auxiliary Enterprises Residence Halls, Women’s Dept. Residence Hells, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, Women’s Dept. Dining Hall, ^en’s Dept. Tea Rcom, Women’s Dept. Coffee Shop, Men’s Dept. Bookstore & Postoffice Income 184,032.17 * E^oenss 145,139.94 * 11,092.47 2,450.33 225.00 5,796.15 2,463.65 27,559.04 23,975.64 1,334.38 8,684.82 6,403.81 619.92 156.99 4,693.91 2,851.47 29,489.72 24,075.91 1,434.33 8,354.07 14,035,20 92,1X5^33 xz.aiu.35 96.092,83 Other Non~Educational Gifts Gifts - Alumni-ae Eund Student Activities Health Service Athletic Dept. Men Scholarships & Grants Other Income Expense - Endowment Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemother’s Fraternity Houses Central Stores Warehouse Wiseman Annuity 19,437.39 500.00 3,500.00 2,010.00 9,968.50 10,927.00 2,288.96 48.6il.85 Total Income — Expense! Excess! Income over Expense! 328,756.85 128.756.85 * See Schedules Attached 1,410.00 886.73 11,489.76 39,539.16 5,332.75 1,478.55 6,498.18 744.08 1,075.00 588.13 1,250.00 70.292.14 307,547.61 21,209.24 128,756.85 ��403 January 31» 1955 Schedule A Educational & Gener?l Income Student Fees Tuition & Fees Other Fees Total Student Fees Endowment Income Unallocated Endowment Earnings Real Estate Income, Unrestricted Restricted Endowment 131 Total Endowment Income Gifts - Church Boards Synod of Ky. U.S. Bd. of Christian Education, U.S.A. Total Gifts - Church boards Educational Related Whitney Foundation Vocational Guidance Total Educational Related Total Educational & General Income 98,765.02 . 623.50 99.388.52 **3,930.90 9,266.65 **.022.06 57,219.61 2,790.00 18,434,04 21,224.04 5,700.00 ____ 5&Q..QQ 6,200.00 4 *.032.17 18 Schedule B Educational & General Expense Administration & General 9.78 ** 6,9 President’s Office Business Office **.753.63 Treasurer’s Office 2,187.75 3,737.18 Dean & Registrar’s Office Alumnae & Stu. Pro. Women 2,839.97 Dean of Women’s Office 1,992.55 Student Promotion, Men **,711.52 4 *-2.29 5,8 General Exnense 26,89 Board of Trustees Total Administration A General Exnense Instructional expense Instruction Library Operation & Maintenance Total Instructional Expense Total Education & General Expense 4 *1,56 33,0 74,696.16 6,469.20 jo^aiuQa 112.098.38 145.139.94 ��404 Statement of Profit & Loss lining Hnll, Women Department s * January 31, 1955 INCOME Students Faculty & Officer’s Employees EXPENSE Inventory, Beginning Purchases To tai J Less! Inventcry, Ending Cost of Food Scid Salaries Wage s Extra Help Cooking Fuel Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense Gain or (Loss): Month of Jan. ’55 Year to Jan.31,’55 Comparative with Jan.31^4 *4,220.08 *45.78 —683.U *4,898,98 4 * 2,056.5 228.90 3.273.60 4 * 27.559.0 2 *,985. *8 4 4 823.50 .3.570.6Q 30,510.08 675.39 M57.94 ^,733.33 767.93 3.985.60 278.86 1,475.00 57.86 16.00 37.01 19.96 4 * 27. 191.55 9.30 8.76 350.00 4 *57.12 6, (X,576.1* Q *4,880.98 160.52 1022x16 16,999.68 4 * 77,93 16,251.75 4 *.20 1,39 7.637.25 123.00 4 * 302.6 *48.00 4 * 22.16 4 *3 *46. 4 *0 7. 120. *9 4 4 *. 4 11 *9 4 * 2.86 317.32 160.28 4 * 35.0 *40.00 1,750.00 28,902.31 4 *3.22 (1,3 ) 4 *_ 27.559.O 48 *. 53 16,3 4 *2.69 16,877.17 1,013.69 4 *8 15,863. 1,321.65 8,335.50 125.00 *409.62 36.00 4 * 101.7 228.66 9.25 51.90 120.83 112.18 132.19 236.99 53-75 36.56 *40.00 1,750.00 32.88 28,998.18 1.5U-21Q 30,510x08 ��Statement of Profit & Loss Lining Hall, ‘len 8 * Department January JI, 1955 X MB Income Students Employees Cash Sales Bancue ts & Dinners Conferences Training Table Month of Jan, *5 5 Year to Jan.31, '55 Comparative with Jan.31,‘54 4,902.60 J02.00 164.92 20,026.98 1,623.20 819.26 20,646.87 1,391.50 5,369.52 Expense Inventory, Beginning Purchases To tai: Less! Inventory, Hading Cost of Pood Sold! Salaries Wages Extra Help Cooking Fuel Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Heating Repairs Supplies, Records, etc. Exterminator Service Rents Total Expense! Cain or (Loss) 1.506.2c 23,975.64 98.74 469.28 1,642.20 24,248.59 727.37 3.037.66 3.765.03 ___ 837.78 2,927.25 366.14 14,833.16 15,199.30 837.78 14,361.52 284.21 15,385.45 15,670.06 . 77.3.87 14,896.19 187.00 942.00 2^.75 51.71 34.60 935.00 5,091 0 *0 40.50 179.86 48,00 62.35 279.70 35.50 103.12 200.69 235.11 147.25 424.29 102.48 16.25 50.00 1.291.65 23,604.27 371.32 23,975.64 1,085.00 4,546.50 113.00 81.80 72.00 297.85 187.30 9.25 99.95 14J.68 220.JJ 52.15 365.50 3.05 48.69 40.00 1,291.65 23,553.89 794.72 2.4,248.50 18.90 42.27 63.52 79.35 85.49 3.60 258.33 4,718.77 650.75 5.369.52 ��406 Centre College of Kentucky Budget Comparison Operating Fund Budget 1959-55 Income Student Fees General Fees Other Fees Quota Jan,31,155 Realised Jan.31,'55 • Over {Under) 188,973.50 . 1,250,00 190.223.50 96,176.00 520.83 96,696.83 98,765.02 623,50 99,368.52 2,589.02 102.67 2,691.69 61,500.00 20,887.00 18,810.00 101,197,00 25,625.00 9,685.42 7,637.00 93.197.93 24,601.30 9,424.15 6 ,069.98 90.395.93 (1,023.70) (261.27) (1,467,02) (2,751.99) 16,000.00 10,000.00 26,000,00 6,666.66 10,000.00 16,666,66 2,790.00 18,434.04 21,224,04 (3,876.66) .6,434,04.. 9.557.38 5,700.00 1,000.00 10,000.00 16,700.00 5,700.00 500.00 ______ .00 6,200.00 5,700.00 500.00 .00 6,200.00 21,700.00 4,780.00 10,320.00 4,000.00 66,650.00 44,510.00 3,500.00 18,500.00 21,500,00 195.960.00 Other 1'Ton^Dducat ional Income, 15,000.00 Gifts - Living Endowment Ky. Ind. College Foundation 10,000.0° Churches - Living Endowment 7,000.00 Alumni — Alumnae Association 19,500.00 3,500.00 Student Activities 2,010.00 Health Service 11,060.00 Athletics, hen’s Dent. 30,050.00 Scholarships & Grants 5.650.00 Other Income 103.970.00 11,050.00 2,360.00 5,529.15 2,000.00 27.559.09 23,975-69 1,750.00 7,708.33 12,511,35 99,993,51 11,092.47 2,950.33 5,796.15 2,463.65 27,559.09 23,975.64 1,339.38 8,684.82 12,511,35 95.867.83 42.47 90.33 267.00 ,463.65 .00 .00 (415.62) 976.49 <00 1.929.32 6,250.00 4,266.66 2,916.66 500.00 3,500.00 2,010.00 11,060.00 10,927.00 2.250.30 93,680.62 11,614.31 5,000.00 2,823.08 500.00 3,500.00 2,010.00 9,968.50 10,927.00 2.288.96 98,631.85 5,369.31 733.39 (93.58) .00 .00 .00 (1,091.50) .00 ZX 38 9.951.23 633,550.50 300,835.04 311,707.67 Endowment Unrestricted Reel Estate (Unrestricted) Restricted Gifts - Church Boards Synod of Ky. U.S, Bd. of Christian Education . U.S.A . Educational - Related ’■’hitney Foundation Vocational Guidance Research Program Auxiliary Enterprises Residence Halls, ’Omen’s Residence Halls, seman Residence Halls, Brec k Centreville Dining Room, Eonients Dept. Dinirg Room, Men’s Dent. Tea Room, "omen’s Dent. Coffee Shop, Men’s Do^t. * Bookstore & Postoffice •':i \J k V XZ X XZ Totals: • ^Z X * V XZ X- -L. -X xz xz .00 .00 ,00 .00 f f 10,872.63 ��Centre College of Kentucky Budget Comparison 407- Operating Fund Budget 1954-55 Expenditures Administration & General Presidents Office 15,988.00 Business Office 11,865.00 Treasurer’s Office 5,710.00 Dean & Registrar’s Office 8,556.25 Alumnae Office & Stu. Pro. Women 6,075.00 Dean of Women’s Office 4,662.46 Stu. Pro., Men 8,860.00 General Expense 13,095.00 Bd. of Trustees ____ 10P..<^ 74.911.71 Instructional Instruction 180,112.19 Library 14,130.00 Operation & Maintensnee 67,010.00 Endowment Real Estate 10,918.0Q 272.17Q.12 Auxiliary Enterprises Residence Halls, 13,745.00 Women’s Dept. Residence Halls, 2,060.00 Wiseman Residence Halls, 200.00 McReynolds Residence Halls, Breck. 7,655.00 4,000.00 Centreville 61,650.00 Dining Hall, K.C.W. 41,840.00 Dining Hall, Men 3,325.00 Tea Room, K.C.W, Coffee Shop, Men’s 17,575.00 Department Bookstore & Postoffice 20.425,00 172,475.00 Other Eon - Educational. Expense Public Relatione 3,111.^ Alumni Office 14,295.00 Student Activities 5 * 300.00 Health Service 2,010.00 Athletics Men’s Dept. 14,687.00 Scholarships & Grants 80,000.00 Bus Service 3,120.00 Housemother’s Frat. 1,800.00 Central Stores Warehousel,185-00 Wiseman Annul ty —2 * fl Q ,50Q 126 Totals! Budgeted Deficit ’54— '55 Budget Deficit at Jen. 31 * 645,765.34 * 1955 Quota Jen.31,’55 Emended Jai.31,’55 (Over) Under 6,661.66 4,943.75 2,295.83 6,949.78 4,753.63 2,187.75 (288.12) 190.12 108.08 3,573.43 3,737.18 (163.75) 2,532.25 1,942.69 3,691.66 5,456.25 ____ 41^6 31.139.18 2,839.97 1,992.55 4,711.52 5,842.29 ____ 26.39 3X041,56. (307.72) (49.86) (1,019.86) (386.04) ____ 14.77 (1,902.38) 75,046.74 6,470.83 74,696.16 6,469.20 28,518.12 4.745.00 114,780.69 30,933.02 5.13^25 117.431.13 (2,414.90) (587.75) (2,650^44) 5,927.08 6,403.81 (476.73) 633.33 619.92 83.33 3,944.58 2,000.00 26,079.53 23,008.75 1.762.50 156.99 4,693.91 2,851.47 29,489.72 24,075-91 1,434.33 (73.66) (749.33) (851.47) (3,410.19) (1,067,16) 328.17 7,322.91 14,035.20 84,797,21 8,354.07 14.035.20 92.115.1? (1,031.16) ______ ,00 (7,315.1.3) 1,409.85 5,956.25 1,410.00 887.50 10.927.67 5 *39.16 39 979.16 1,075.00 508.33 1.25QJ& 63,942.92 1,478.55 6,498.18 1,410.00 886.73 11,489.76 39,539.16 744.08 1,075.00 588.13 1.250.00 64,959.55 (68.70) (541.93) .00 .77 (562.09) .00 235.08 .00 (79.00) ______ (1.016.62) 294.660.00 307,547.61 (12,887.61) 350.5» 1.63 13.41 (2,014,98) I ��MINUTES Meeting of the Executive Committee March 18, 1955 408 xhe meeting was called, to order by the chairman, Mr, Ike Lanier, Prayer was offered, by President Groves. Present were Messrs. Lanier, Logan Caldwell, Gosney, Wachs, and Lively and President Groves. -he minutes of the Executive Committee meeting of February 18, 1955» were approved as circulated. The report of the Business Manager was received and approved (see copy attached). The Executive Committee directed that a form be printed or mimeographed for use by the Athletic Department for hospital services rendered to athletes. In all cases where an athlete is sent to the hospital by the Athletic Depart­ ment a written instruction,signed by the director of athletics or another member of the department,is to accompany the student. In these cases the hospital is to send the bills for services directly to Centre College of Kentucky, In all other cases of hospital services rendered to students, the bill is to be sent by the hospital direct to the parents of the students. This directive is to be put in writing in a letter which is to be sent to the Ephriam McDowell Hospital of Danville, Kentucky. President Groves reported the receipt of announcement from the Slater Pood Service Management. President Groves was authorised to communicate with this company to see whether or no the college wishes to enter arrangements with them for the operation of the fool services of the college. On motion the business manager was authorized to borrow up to $U0,000 from the Farmers National Bank of Danville, this authorization to expire as of August 31, 1955. Similarly, the business manager was authorised to borrow up to $23,000 from the Citizens National Bank of Danville, this authorization to expire as of August 31» 1955. A report from the registrar's office was read concerning pre-registration for the fall of 1955, showing that to date a total of 123 students have applied for admission, 66 boys and 57 girls, as compared with U0 boys and 55 girls for a total of 95 students a year ago at the same date. A report was read fro^ the alumni secretary Indicating that to date the l^th Al wmni Fund has received in cash and pledges $17,817.00 from 8^5 contributors as compared with $18,562.00 from 900 contributors at the same date a year ago. However, the alumni secretary pointed out that the class managers are only now beginning to solicit approximately 3500 alumni who have not yet contributed to the Ihth fund. A renort from the office of the Kentucky Synod Educational Campaign (KYSEC) was road Indicating that pledges on the campaign to date total $772,713.10 of which $201,308.61 has been paid in cash. From this amount there must be deducted the expensegof the campaign, to date totalling .. , 2< 3. . . ��-2- 409 Cask paici in’ Centre College of Kentucky has received $40,000 to date, which incluo.es the $14,391.02 paid in Danville. ^resident Groves made a report on the KIAC meeting in Louisville, ‘■‘arch lo, 1,55, (see copy attached). After a discussion of the report, it was decided that this matter be followed up as indicated by the report and that the Executive committee be informed of progress at its next meeting. “ resident Groves reported on affirmative votes for honorary degrees lor the following from all members of the Board save Messrs. Benfield, Boles, P. Caldwell, Seeloachtaad Cregor who have not yet replied. Mr, Charles R. mo ok for the degree of Doctor of Laws. Mr. Charles Rice McDowell for the degree of Doctor of Laws Mr. Arthur Knock for the degree of Doctor of Laws. The Reverend Frank Gault Robertson for the degree of Doctor of Divinity. The Reverend Edgar E. Houghton for the degree of Doctor of Divinity. President Groves reported that all those to receive degrees have been notified save Mr. Arthur Knock s>nd Mr. Charles R. Hook- It is hoped that * Mr. Lisle Baker will be able to extend this notice in person to Mr. Arthur Knock on a visit to Washington by h?m in the near future, and that at the same time he will invito Mr. Arthur Knock to address the meeting of the alumni, Saturday evening, June 4. It is further hoped that President Groves will be able tc convey the report on this degree in person to Mr. Charles R. Hook, commencement speaker. The letter of resignation of Dr. Jameson M. Jones as academic dean of the college to President Groves was read. It was moved and carried that this resignation be accepted with regret, and that a letter of commendation to Dean Jones for his fine services to the college be sent to him and signed by the chairman of the Board of Trustees. On the recommendation of President Groves, Dr. Frank H. Heck, head of the Department of History and Political Science was elected to the position of dean of the college as of June 15» 1955» at a salary of c6,OCO per year. A letter from Mrs. Pauline Peyton, mother of Sammy Pelton, a former student of Centre College of Kentucky was read. It was agreed that President Groves should write again to Mrs. Peyton, expressing the extreme regret of the college for tho incidents which led to the serious offence against Sammy Peyton. It was also voted that President Groves should state in this letter to Mrs. Peyton that Dean Sweeney, Dean Jones, and Mrs. Cid would be happy to meet with Mrs. Peyton and her daughter to express their own regrets in person. It was further agreed that there should be no other written communication from the college by any one other than President Groves, concerning this matter. President Groves reported on announcements by the Ford Foundation and the Westinghouse Educational Fund with regard to grants that may ultimately effect Centro College of Kentucky, and the stejs which are being taken by the ��410 college to see whether or no, if st all possible, Centre can be included among those to receive assistance from these grants. President Groves also reported on the correspondence with Mr. Emmet O’Neal with regard to the legislation now pending that would allow a tax reduction of 30/o of student tuition and fees actually paid by the tax-payer to a recognized college up to a total of $h50 tax credit. It was agreed that all the members of the Board of Trustees be urged to write their Congressmen or take whatever steps may seem advisable to see that this legislation gets complete consideration by Congress. Adj our ament Pierce Lively Secretary ��Keport of K I 2 A Meeting - March 16, 195^ "Athletic Scholarships11 Each of the member colleges shall adhere to a policy of non-subsidized athletics. *■ on—subsidized athletics shall be interpreted to mean that no athlete shall receive scholarships or grants—in-aid of any description as athletes which 're not available in like amounts and under the same conditions for all students, whether athletes or nm-athletes. Likewise any remuneration for jobs shall be earned remunerations for services performed, and the jobs shall be those which are available for athletes or non-athletesP Each member college shall submit to the secretary of the association an accurate description of any and all financial aid being received by each participant of all tears to the secretary of the association at least a week before the beginning of competition in each sport, this report to be signed by the president and business manager of the college. A copy of these reports shall be made available to any member college when requested by the president of that college. Present were the presidents of seven of the eight member colleges. In addition there were the directors of athletics of Bellarmine, Perea, centre, Georgetown, and Villa Madonna, and faculty representatives from Berea, Centre, Georgetown, Kentucky Wes1eyan: and Transylvania. from Union College present. There was no representative There were 18 representatives of seven colleges on hand. Most of the time was spent in discussing the recommendation that each member college adhere to a policy of non-subsidized athletics. Only three colleges were willing to accept such a policy as stated in the proposal. College A seemed to be prepared to accept the proposal for all sports but basketball. They are subsidizing basketball players in a limited \ ay ��Report of KIAC Meeting - March 16, 1955 (Continued) Page 2 because (1) it does not cost too much to do so, and (2) they seem to think that they need a "winning” basketball team in order to attract enough paying spectators to nelp finance their other sports. President W suggested the adoption of a top limit for the amount of individual athletic scholarships and a 1-mit to the proportionate amount of scholarships granted to athletes as compared with the total scholarships granted other students. College j maintained that they were a ’’poor man’s” college, so that most oi their students worked after hours. Since those who participated in intercollegiate athletics, (though by intercollegiate athletics probably only basketball was in mind) must devote the hours to practise which other­ wise would be devoted to outside remunerative work, they had to be compensated by some kind of scholarship help. College B did indicate a willingness, however, to think through their situation to see whether or no they could aid the needy student, and yet avoid the athletic scholarship type of aid. College C is frankly granting athletic scholarships for basketball players. They seem to argue that they needed a "winning” basketball team for ’’advertising” purposes, and to get basketball players they have to pay for them They are giving tuition and books (the books returnable at the end of the year) and some other assistance, the nature of which has escaped me for the moment. They also argued that their scholarship funds were so limited that they could not afford scholarships based on need. They,therefore, had to confine them to those who actually were good enough to play on the basketball team. College r has a policy of scholarships for "services rendered” to the college; "for those who scrub floors,” "who play in the band," "who partici­ pate in dramatics,” and "who contribute to the college” (Cne Louisville girl is receiving tuition, room, board, and books, according to President X.for her "Spiritual contribution" to the college) and, for those "who play on the basketball team.” College D has twelve basketball scholarships (tuition and ��Report of XI AC Meeting,- March 16, 19CS (Continued) fees, room-rent, "board, and "bocks). Page 3 413 President X also mentioned the scholar­ ships to the sons and daughters of ministers, and to candidates for the ministry granted by his college. « Colleges A, B, C, and 3 all made it clear that the scholarships for athletics (basketball) were granted for one year, so that though a student did not lose the one-year scholarship if he did not make the team the first year, it would not be renewed for the second year if he had not made the team during the previous year, and so on for each year thereafter. As President X expressed it, he had to "render the service" for which the scholarship was granted. With such divergent views as the above represented, it was voted that each college which had participated in the discussion try to write a Statement of its Athletic Scholarship Policy from which might be formulated a general policy which could be agreed upon by the member colleges of the XIAC. ��414 CENTRE COLLEGE OF KENTUCKY Budget Comparison Operating Fund February 28 j 1955 Income Student Fees General Fees Other Fees Bidowment Unrestricted Real Estate (Unrestricted) Restricted Budget 1954-’55 Quota Feb.28-’55 Realized Feb.28,‘55 188,973.50 _ 1,250,00 190,223.50 182,223.50 ____ 625,0Q, 182.848.50 188,516.90 ____ 765,50 189,282.40 6,293.40 140.50 6.433.90 61,500.00 20,887.00 18.810,00 101.197,00 30,750.00 15,843.50 _ 9.405,00 - 55.998.50 31,233.44 16,133.48 11,540.57 --58,907.49 483.44 289.98 2.135.57, 2,908.99 8,000.00 10,000,00 -18.000,00 6,030.00 18,434.04 24,464.04 (1,970.00) 8,434,04 6,464.04 5,700.00 500.00 8,000.00 14,200,00 5,700.00 800.00 8,000.00 14.500.00 .00 300.00 .00 300.00 20,995.00 4,600.00 10,005.00 2,400.00 33,587.74 28,954.48 2,100.00 9,250.00 17,133.68 129.025.90 21,258.47 4,665.33 10,973.74 3,100.15 33,587.74 28,954.48 1,662.27 10,691.93 17,133.68 132,027.79 263.47 65.33 968.74 700.15 .00 .00 (437.73) 1,441.93 ,00 3,001.89- 7,500.00 5,000.00 3,500.00 500.00 3,500.00 2,010.00 11,060.00 11,564.50 2.625.00 47.259.50 11,639.31 5,000.00 3,551.60 500.00 3,500.00 2,010.00 10,083.50 11,564.50 2,646.93 50,495.84 4,139.31 .00 51.60 .00 .00 .00 (976.50) .00 21,9.3— 3,236,3k. 447,332.40 469,677.56 Gifts—Church Boards Synod of Ky. U.S. 16,000.00 Bd. of Christian Educat ion .U.S.A, 10.000.00 26,000.00 t Educational-Related Whitney Foundation 5,700.00 Vocational Guidance 1,000.00 Research Program 10,000.00 16,700.00 |Au~iliary Enterprises Residence Halls, '/omen’s Dept. 21,700.00 4,780.00 Residence Halls, Wiseman 10,320.00 Residence Halls, Breckinridge 4,000.00 Centreville 66,650.00 Dining -Room, Women’s Dept. 44,510.00 Dining Room, Men’s Dept. 3,500.00 Tea Room, Women’s Dept. 18,500.00 Coffee Shop, Men’s Dept. 21,500,00 Bookstore & Postoffice 195,460,00 Other Non—Educational Income 15,000.00 Gifts-Living Endowment 10,000.00 Ky. Ind. College Foundation 7,000.00 .Living * Churches Endowment Alumni—Alumnae Association 19,500.00 3,500,00 Student Activities 2,010.00 Health Service 11,060,00 Athletics , Men’s Dept. 30,050.00 Scholarships & Grants 5,850,OU Other Income 103 .970 0 *0 To tai s: 633,550.50 Over (Under) 22,345.16 ��centre College of Kentucky Budget Comparison Operating Fund Erpendi tures ministration & General President’s Office Business Office Treasurer’s Office Dean & Registrar’s Office Alumnae Office & Stu. Pro Women Dean of Women’s Office Student Promotion, Men General Expense Board of Trustees tea? . Instructional Instruction Library Oneration & Maintenance Endowment Real Estate Budge t 1954-55 Quota Feb.28,’55 Expended Feb.28,’55 15,988.00 11,865.00 5,710.00 7,994.00 5,932.50 2,850.00 4,228.12 7,835.10 5,710.33 2,589.07 4,679.58 6,075.00 4,662.46 8,860.00 13,095.00 100,00 74,911.71 3,037.50 2,331.23 4,430.00 6,947.50 50.00 37.800.85 3,192.16 2,361.86 6,158.10 6,827.00 ____ 39.. 380.0? (154.66) (30.63) (1,728.10) 120.50 _____ 23,11 (3,579.24) 180,112.19 14,130.00 67,010.00 10,918.00 272,170.19 90,056.15 7,565.00 34,170.00 5,694.00 137.485,15 88,695.61 7,815.44 36,883.99 —6,390,45 139,785,4? 1,360.54 (250.44) (2,713.99) (696.45) „( 2.1.300 t_34j. 7,112.50 790.00 100.00 4,989.00 2,400.00 31,068.66 27,217.22 1,995.00 10,545.00 15,759 JJ. 101,976.51 7,306.19 671.16 162.84 5,395.12 3,796.93 34,584.96 28,097.97 1,733.99 10,102.00 15,759,13 107,610,29 (193.69) 118.84 (62.84) (406.12) (1,396.93) (3,516.30) (880.75) 261.01 443.00 .00 (5^633^281 1,555.74 7,147.50 1,513.75 1,050.00 11,813.93 73,431.66 1,175.00 1,190.00 605.00 1,250,00 100,732.58 1,754.10 7,486.71 1,513.75 993.10 12,564.75 73,431.66 871.13 1,190.00 720.45 1,25O,.QQ 101.775.65, (198.36) (339.21) .00 56.90 (750.82) .00 303.87 .00 (115.45) .00 (1,043.02) 377,995.09 388,551.52 (10,556.43) iliar.v Enterprises Residence Halls, Women’s Department 13,745.00 2,060.00 Residence Halls, Wiseman 200.00 Residence Halls, McReynolds Residence Halls, Breckinridge 7,655.00 4,000.00 61,650.00 Dining Hall, Women’s Dept 41,840.00 Dining Hall, Men’s Dept. 3,325.00 Tea Room, Women’s Dept. sei 17,575.00 Coffee Shop, Men’s Dept. 20,425.00 Bookstore & Postoffice 172,475.00 (Bther Non-Educational .Expense Public Relations 14,295.00 Alumni Office 3,500.00 Student Activities 2,010.00 Health Service 14,687.00 Athletics, Men’s Dent. 80,000.00 Scholarships & Grants 3,120.00 Bus Service 1,800.00 Housemother’s Frat, Houses 1,185.00 Central Stores Warehouse .. 2,500^0 Wiseman Annuity 126,208.44 To tai s • Budgeted Deficit for 1954-55 * Budget Gain at Feb, 28, 1955 * 645,765.34 (12,214.84) (Over) Under 158.90 222.17 260.93 (451.46) 11,788.73 ��CENTRE COLLEGE OF KENTUCKY Balance Sheet Statement Operating Fund ASSETS Current Funds A. General Fund Cash in Bank Petty Cash Funds February 28, 1955 26,221.51 JU2.5.QO 27.M46.51 2,137.65 37,568.96 Notes Receivable Accounts Receivable Due From Other Funds: From Evans-Sumrall Scholarship Fund m * Fr Wiseman Memorial Fund From Farris Fund 157.50 1.653.03 -2 1 *96,18 9,206.71 1,423.00 16,932.76 _ 26<038.6.5 122.754.24 Deferred Expense Inventories Prepaid Insurance Total Assets: LIABILITIES Current Funds A. General Fund Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax, Federal Accrued Withholding Tax, State Hospitalization Insurance Salary Savings Withheld Social Security Taxes, Withheld 416 8.812.41 14,935.18 4,681.05 494.54 170.77 139.80 904,53 30,138.28 Due Other Funds: Due to Annuities Fund Building Fund Scholarship Fund Prize Fund DKE House Fund 209.43 83.69 5,440.26 5,003.08 - 102x64 10,839.10 Prepaid Charges: Board, Men’s Dining Hall Board, Women’s Dining Hall 15,265.00 17.420,20 32,685.20 Reserves: Athletic Department Research Program Gifts for Designated Purposes 92.58 76.53 1,053.8-3 1,222.94 Agency Funds: Room Damage & Key Deposit 200.50 Lichter Foundation — Student Loan Fund Surplus & Deficit Account: Accumulated Operating Deficit Operating Gain at Feb. —19,55 5.000.co 80,086.02 51,3O7.?6 93.976.18 122,7.54,24. ��CENTRE COLLEGE OF KENTUCKY Statement of Income & Expense Operating Fund February 28, 1955 EDUCATION & GENERAL Auxiliary Enterprises Residence Halls, Women’s Dept. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, Women’s Dept. Dining Hall, Men’s Dept. Tea Boom, Women’s Dept. Coffee Shop, Men’s Dept. Bookstore & Postoffice OTHER NON-EDUCATIONAL Gifts Gifts—Alumni-ae Fund Student Activities Health Service Athletic Dept. Men Scholarships & Grants Other Income Expense-Endowment Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemother’s Fraternity Houses Central Stores Warehouse Wiseman Annuity Total Income - Expenses Excess! Income over Expense Income * 301,582.52 21.258.U7 U,665.33 265.OO 10.973.7U 3,100.15 33.587.7U 28.95U.U8 1,662.27 10,691.93 17,133,68 13^232 <22 20,190.91 500.00 3,500.00 2,010.00 10,083.50 11.56U.5O 2.6U6.93 50.U95.8U U8U.371.15 U8U.371.15 ♦See Schedules Attached SxTjense 172.775.13* 7,806.19 671.16 162.8k 5,395.12 3,796.93 35,246.77 28,777.61 1,733.99 10,102.00 15.759.13 109.453.74 1,513.75 993.10 12,564.75 73,431.66 6,390.45 1,75^.10 7,486.71 871.13 1,190.00 720.45 1,250.00 108,166.10 . 390,394.97 93.976.18 484,371.15 ��February 28, 1955 SCHEDULE A Education & General Income Student Fees Tuition & Fees Other Fees Total Student Fees 188,516.90 ____ 765.50 189,282.40 Endowment Income Unallocated Endowment Earnings Heal Estate Income, Unrestricted Restricted Endowment Total Endowment Income 52,938.04 16,133.48 4,264,56 Gifts-Church Boards Synod of Ky. U.S. Bd. of Christian Education, U.S.A. Total gifts-6hurch Boards 6,030,00 18,434.04 Educational Related Whitney Foundation Vocational Guidance Research Program Total Educational Related Total Educational & General Income 73,336.08 24,464.04 5,700.00 800.00 8,000.00 SCHEDULE B Educational & General Expense Administration & General 7,835.10 President’s Office Business Office 5.710.33 2,589.07 Treasurer’s Office 4.679-58 Dean & Registrar’s Office 3.192.16 Alumnae & Stu. Pro. Women 2,361.86 Dean of Women’s Office 6.158.10 Student Promotion, Men 6.827.00 General Expense 26,89. Board of Trustees Total Administration & General Expense Instructional Expense 88,695.61 Instruction 7,815.44 Library 36,883.99. Op eration & Maintenance Total Instructional Expense Total Educational & General Expense> 14,500.00 301:582,52 39,380.09 Ul.195.04 172.775..U, ��419 Statement of Profit & Loss Lining Hall, Women’s Department February 28, 1955 Month of Feb.1955 INCOME Students Faculty & Officer’s Employees Guests EK PENS E Inventory, Beginning Purchases To tai: Less! Inventory, Ending Cost of Food Sold: Salaries Wages Extra Help Cooking Fuel Ice Refrigeration Linens, Silverware, China Janitor Supplies Laundry Electricity Water Heating Repairs Telephone & Telegraph Exterminator Service Bents Uniforms Total Expense Gain or (Loss): Year to Feb.28,’55 5,189.80 45-78 593.12 200.00 ___ 6,028.70 29,246.34 274.68 3,866.72 ______ 200.00 33.587.74 747.93 3,122.22 3,870.15 _____ 62,4.3' * 3,045.82 160.52 19.961.38 20,121.90 824.33 19,297.57 278.84 1,397.00 71.78 16.00 3.40 19.44 29.14 30.92 222.87 126.45 20.51 8.76 20.00 350.00 5,682.65 346.05 6,028.70 1,673.04 9,034.25 123.00 374.42 64.00 242.16 49.83 93.84 149.63 145.41 467.73 443.77 180.79 43.80 60.00 2,100.00 41.72 34,584.96 (997.22) 33,587.74 ��420 Statement of Profit & Loss Lining Hall, Men’s Department February 28, 1955 Month of Feb. 1955 INCOME Students Snployees Cash Sales Training Table 4,519.83 298.00 161.01 Year to Feb.28,1955 ___ 4^78.8-4 EXPENSE Inventory, Beginning Purchases Total I Less? Inventory, Ending Cost of Food Sold: Salaries Wages -Extra Help Cooking Fuel Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Water Heating Repairs Supplies, Records, etc. Exterminator Service Rents Total Expense: Gain or (Loss) 24,546.81 1,921.20 980.27 1,506.20 _ 58,954.46 837.78 _ 3,034.42 3>872.20 ___ 1,045., 7ft 2,826.42 366.14 __ 17,867.58 7 *2 18,233 ___ 1.045.78 17,187.94 187.00 930.00 7.50 63.37 1,122.00 6,021.00 48.00 243.23 48.00 74.85 295.07 69.20 103.12 247.56 284.93 147.25 462.19 107.40 16.25 70.00 ___ 1,549.98 28,097.97 856.51 ___ 28,954.1)8 12.50 15.37 33-70 46.87 49.82 37.90 4.92 20.00 ____ 258.33. 4,493.70 485.113 4.978.84 f ��Minutes Meeting of the EXECUTIVE COMMITTEE Board, of Trustees April 22,1955 The meeting was called, to order by the chairman, Mr. Ike Lanier. Prayer was offered by President Groves. Present were Messrs. Lanier, Gosney, Van Winkle, Campbell, Logan Caldwell, W. P. Caldwell, Armstrong, and Lively, and President Groves. The minutes of the meeting of March 18, 1955» were approved as mimeographed and circulated. Mr. Fred Arnicar made the report of the business manager for opera­ tions of the college through March 31, 1955- On motion it was voted to receive this report^ (See attached.) Mr. Arnicar, the business manager, reported that the letter, accord­ ing to the instructions of the Executive Committee at its meeting on March 18, 1955? had been sent to the Ephriam McDowell Hospital explaining the limitations of responsibility of the college for hospital bills con­ tracted by the students and others connected with the college. The treasurer, Mr. Logan Caldwell, reported the receipt of $13,811.36 from the Louisville Trust Company, the bequest of Dr. W. M. Rush to Centre College of Kentucky to be used "for Christian Education". It was voted to apply the full amount of this bequest to "Plant funds - unexpended." A report was read from the registrar’s office showing that to date a total of 80 men and 67 women have registered for the fall of 1955 as * compared with 52 men and 68 women for the same date a year ago. A report was read concerning the 1^-th Alumni Fund showing that to date $19,130.00 from 1008 contributors have been received in cash and pledges as compared with $20,000.00 from 1100 contributors at the same time a year ago. President Groves reported on the addition to the estimate for the Weisiger Art & Music Building of $1,720.00 required because of the necessity , of lowering the choir room floor 2 feet and extending the steel stairway this additional depth. It was voted to approve this additional expenditure. A letter of resignation from Mr. Dwight L. Ling, assistant professor in the Department of History was reported by President Groves,and on motion it was voted to receive with regret this resignation. On recommendation of President Groves, it was voted to appoint Mrs. Blanche C, Hodgkins as assistant professor in the Department of Modern Languages at a salary of $3^C0 a year for the nine months of the academic year, this appointment to begin September 1, 19^5. (See biographical sketch of Mrs» Hodgkins attached.) President Groves reported a letter from Mr. Arthur Krock declining ��the honorary degree from Centre College of Kentucky. Mr . Krock stated as his reasons a previous commitment at Princeton University, plus the addi­ tional fact of added activity in his work for the first week of June, which would make it impossible for me to attend Centre’s commencement exercises on June 5. A letter of regret has been written to Mr. Krock expressing regret at his inability to be present to receive this degree on June 5»1955» * President Groves reported the receipt by Mr. Edwin S. Godsey, instructor in the Department of English for the past year, of a grant of $1500 from the Southern Fellowship Fund to enable him to continue his work toward his Doctor-s degree. Mr. Godsey thus will leave Centre College of Kentucky at the end of the present academic year in order to take up residence in a University in the East to start his work toward completing his degree. President Groves also reported the receipt of a grant of $300 by Pean Mary Sweeney from the Southern Fellowship Fund to enable her to do special research at Southern Methodist University in Pallas, Texas, during the course of the summer of 1955. President Groves reported on the visit of Mr. Welborn of the Slater Food Service, who is to make a proposal to the college for operating the various food services on the men's and women’s campuses. A report also was made of the start that Er. Norman Eurns has made with the survey of the college. Dr. Burns is to be hack in Danville the week of May 23rd. It was voted to eliminate the $1000 automobile allowance of President Groves and instead to raise his salary from $8,000 per year to $9,000 per year. This action was taken at the request of President Groves. The following schedule for Executive Committee meetings and full Board meetings for June was read and approved. Executive Committee meeting of the Board, 3!°° P»m« Central Daylight Time, June 3» Evening of June 3, committee meetings of the Board of Trustees as necessary. 9:00 a.m. , June meeting of the full Board of .trustees. 12:30 p.m., lunch for the Board of Trustees in the men's dining hall. __ Saturday afternoon, June , hj30^P»m«> to 6:00, President's Reception alumnae, parentsDmembers'cf'graduatlng class, officers of the for alumni, college and friends. Juno 5, Sunday, 10:30 a,m., academic procession for baccalaureate service. June 5, Sunday, 6:30 p.m. academic procession for the commencement exercises. All the above events are scheduled on Central Daylight Timo. ���I-r. Gosney reported, on a conference with Mrs. Pauline Peyton with regard to the incident reported, at the March 18 meeting of the Board of .trustees, and following the receipt by Mrs Peyton of President Groves’ * letter reporting the action of the Executive Committee of the Trustees to Mrs. Peyton cf March 28, 1955 * After hearing Mr Gosney’s report, * it was taken by consent that the matter be left in the hands of President Groves. Adjournment. Pierce Lively Secretary ��/.ppointment of Mrs. Blanche Hodgkins as assistant professor in the Department of Modern Languages. Mrs. Blanche Co Hodgkins has been teaching part-time as an instructor in the Department of Modern Languages ever since the death of Dr. Hodgkins. Mrs. Hodgkins is a native of France. She has been in this country since 1922. She completed the work for the Brevet Superieur and the Certificat d’Aptitude Pedagogique in France before coming to this country. She later graduated from Cornell College in Iowa, whore she received the A.B. degree and the M.a. degree. She taught French and Spanish at Anderson College in South Carolina between 1926 and 1928, and then between 1928 and 19q-0 was an instructor in the Department of Romance Languages at Randolf Macon Womens College in Lynchburg, Virginia. She was adjunct professor 19^0-19^.1. In the summer of 19U8 she taught in the University of Chattanooga. Mrs. Hodgkins has been teaching a course or two at Centre College each year since 19U® * ��CENTRE COLLEGE OF KENTUCKY Budget Comparison Operating Fund Budget 195^'55 Quota Mrr.31,'55 Realized Mar.31,’55 188,973.50 - 1.250.00 120,223,50 182.952.76 187,536.94 ____ 21^ 50 188.U51.U4 Fhdowment Unrestricted 61,500.00 Real Estate (Unrestricted) 20,887.00 Restricted 18.810.00 101.197.00 35.875.00 16,900.75 10.972.50 63,748.25 3^,285.95 17,076.56 12.849.15 64,211.66 (1,589.05) 175.81 1.876.65 463.41 9,333-33 6,030.00 (3,303.33) 10,000.00 __19.333.33 18,434,04 -J?4,46<QA 8.434.04__ . 5.130.21- 5,700.00 500.00 8,000.00 14,200,00 5,700.00 900.00 8,000.00 14,600,00 .00 400.00 ______ .00 400,00 21,046.00 4,630.00 10,046.83 2,800.00 39.761.7U 34,664.17 2,450.00 10,791.66 18,178.95 144.A6Q.35 21,167.79 4,680.33 10,846.53 3,720.65 39,761.74 34,664.17 1,850.72 13.015.36 _18J28^ i.47.,.6.86.,24 121.79 50.33 799-70 920.65 .00 .00 (599-28) 2,223-70 .00 3.5.16. .82, 8,750.00 5.833-33 4,083.33 500.00 3,500.00 2,010.00 11,060.00 12,482.50 3.412.50 51,631 <66 11,909.31 5,000.00 4,891.92 500.00 3,500.00 2,010.00 10,083.50 12,482.50 _3fc349.t43 53.724.66 3,159.31 (833.33) 808.59 .00 .00 .00 (976.50) .00 (65.07) 2,093.00- 476,235.35 493,338.04 Income Student Fees General Fees Other Fees Gifts - Church Boards Synod of Ky. U.S. 16,000.00 Bd. of Christian Education, U.S.A,IQ,000.00 26,000.00 Eiucational - Related Whitney Foundation 5.700-00 Vocational Guidance 1,000.00 Research Program 10,000.00 16.700.00 Auxiliary Enterprises Residence Balls, Women’s D.21,700.00 Residence Halls, Wiseman U,780,00 Residence H?.lls, Breck. 10,320.00 Centreville U,000.00 Dining Room, Women’s Dept. 66,650.00 Dining Room, Men’s Dept. 4-4,510.00 Tea Room, Women’s Dept. 3.500-00 Coffee Shop, Men’s Dept. 18,500.00 Bookstore & Postoffice 21,500.00 195.460,00 Other Non-Educatjonal Income Gifts - Living Ehdowment 15,000.00 Ky, Ind. College Foundationl0,000.00 Churches-Living Endowent 7,000.00 Alumni~ae Association 19,500.00 Student Activities 3,500.00 Health Service 2,010,00 Athletics, Men’s Dept. 11,060.00 Scholarships & Grants 30,050.00 Other Income 5.850.00 103.970.00 Totals• 633,550.50 Over (Under) 5.313.^ 185.24 5.498,68 17,102.69 ��426 CENTRE COLLEGE OF KENTUCKY Budget Comparison Operating Fund Budget 1954-55 Expenditures Administration & General President’s Office 15,988.00 Business Office 11,865.00 Treasurer’s Office 5,710.00 Dean & Registrar’s Office8,556.25 Alumnae Office & Stu, Pro. Women6.075.00 Dean of Women’s Office 4,662.46 Student Pro. Men 8,860.00 G-eneral Expense 13,095.00 Board of Trustees 100.00 -2k,911,71 Instructional Instruction 180,112.19 Library 14,130.00 Operation & Maintenance 67,010.00 Endowment Real Estate 10 .918.00 222^1.20,12 Auxiliary Enterprises Residence Halls, Women’s Dept. 13,745.00 Residence Halls, Wiseman 2,060.00 Residence Halls, McReynolds200.00 Residence Halls, Breck. 7,655 0 *0 Centreville 4,000.00 Dining Hall, Women’s 61,650.00 Dining Hall, Men 41,840.00 Tea Room, Women’s Dept. 3,325.00 Coffee Shop-Men’s Dept. 17,575.00 Bookstore & Postoffice 20,425.00 172,475,00 (Over) Under Quota Mar..31,‘55 Expended Mar.31,1955 9,326.33 6,921.40 3,525.00 4,932.80 10,055.20 7,008.37 2,992.47 5,450.75 (728.87) (86.97) 532.53 (517.95) 3,543.75 2,675.77 5,168.33 8,115.41 _____ 58.33 44,267.12 3,662.56 2,748.40 7,147.35 7,625.62 _____ 2-6,8J. -46,717.61 (118.81) (72.63) (1,979.02) 469.79 31,44 12.>45Qu4S>). 105,065.51 8,659.16 41,880.83 6,438,00 162.. 043.50 103,975.98 8,858.57 43,079.97 7,271.34 163.185.86 1,089.53 (199.41) (1,199.14) (833.34) (1,142,36). 9,017.83 818.33 116.66 6,705.00 2,800.00 36,779.61 32,584.32 2,327.50 12,302.50 16.258.09 119.709.84 9,208.69 682.73 169.10 6,419.01 4,364.55 40,966.49 33,375.32 1,910.61 12,227.69 16,258,09 125.582.28 (190.86) 135.60 (52.44) 285.99 (1,564.55) (4,186.88) (791.00) 416.89 74,81 ______ ,00 (5,872.441 Other Non—Educational Expense Public Relations ' * 3,111.^ Alumni Office 14,295.00 Student Activities 3,500.00 Health Service 2,010.00 Athletics, Men’s Dept, 14,687.00 Scholarships & Grants 80,000.00 Bus Service 3,120.00 Housemother’s Fraternity Houses— 1,800.00 Central Stores Warehouse 1,185.00 Wisemon Annulty 2,500,00 126,208.44 1,896.00 8,172.08 1,663.75 1,225.00 12,027.50 73,442.66 1,037.50 1,951.45 8,835.37 1,663.75 1,142.78 13,249.00 73,442.66 997.20 (55.45) (663.29) .00 82.22 (1,221.50) .00 40.30 1,405.00 764.16 1^5Qx0n 102,883.65 1,405.00 812.70 1,250.00 104,749.91 .00 (48.54) .00 (1,866.26) 6M.765.3U U2§ .9QU.11 UUO.235.66 (11,331.55) Totals• Budgeted Deficit for (12.21U.8U) -1954-55. Budget Gain at March 31, 1955: 5.771.1U ��Balance Sheet Statement——Operating Fund ASSETS Current Funds A. General Fund Cash in Bank Petty Cash Funds March 31, 1955 26,072.43 1.225,00 27,297.43 2,137.65 25,469.22 Notes Receivable Accounts Receivable Due From Other Funds! From Evans-Sumrall Scholarship -FundFrom Viseman Memorial Fund From Farris Fund 157.50 6 * 153.03 9.554.45 11,364.98 1,423.00 17,067.03 Deferred Expense Inventories Prepaid Insurance Total Assets 1 LIABILITIES Current Funds A, General Fund Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax, Federal Accrued Withholding Tax, State Hospitalization Insurance Salary Savings Withheld Social Security Taxes Withheld Borrowed Money 111.681.92 9,556.90 14,994.31 8 *5 ^,755 664.17 230.42 8 *0 153 937.39 25,000,00 56,292.84 Due Other Funds! Due to Annuities Fund Building Fund Scholarship Fund Prize Fund DZE House Fund 209.43 6 *9 73 5,440.26 5>040.58 102-64 10,866.60 Prepaid Charges * Board, Men’s Dining Hall Board, Women’s Dining Hall 10,016.02 7 *3 21,731 Reserves! Athletic Department Research Program Gifts for Designated Purposes 107.78 76.53 1,553.63 1,738.14 Agency Funds! Room Damage & Key Deposit 200.50 . 5.QOQ.0Q 95,829.81 Lichter Foundation- Student Loan Fund Surplus & Accumulated Operating Deficit Operating Gain at Mar. 31, 1955 * 1,307.96) 15.854.16 111.683.97 ��Statement of Income & Expense Operating Fund March 31, 1955 Educational & General Auxiliary Enterprises Residence Halls, Women’s Dept. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, Women’s Dept. Dining Hall, Men’s Dept. Tea Room, Women’s Dept. Coffee Shop, Men’s Dept. Bookstore & Postoffice Other Non-Educational Gifts Gifts-Alumni-ae Fund Student Activites Health Service Athletic Dept. Men Scholarships & Grants Other Income Expense—Endowment Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemother’s Fraternity Houses Central Stores Warehouse Wiseman Annuity 306,968.39* 202.632.16* 21,167.79 4,680.33 325.00 10,846.53 3,720.65 39,761.74 34,664.17 1,850.72 13,015.36 18,178.95 148,211.24 9,208.69 682.73 169.10 6,419.01 4,364.55 41,678.62 33,969.67 1,910.61 12,227.69 16,458.09 127,088.75 21,801.23 500,00 3,500.00 2,010.00 10,083.50 12,482.50 3,3^7.43 1,663.75 1,142.78 13,249.00 73,442.66 5H22LL& Total Income - Expense! Excess! Income over Expense! *See Schedules Attached 508,904.29 508.904.22 7,271.3^ 1,951.^5 8,835.37 997.20 1,405.00 812.70 1,250.00 U2.021.25 441,742.17 67.162.12 506,90^,22 ��429 March 31, 1955 Schedule A Educational & General Income Student Fees Tuition & Fees Other Fees Total Student Fees 18? 536,94 188,451.44 Endowment Income Unallocated Endowment Earnings Beal Estate Income, Unrestricted Restricted Endowment Total Endowment Income 58 111.-79 17.076,56 9-.z.o4,56 Gifts - Church Boards Synod of Xy. U, Sc Ed. of Christian Education, U.S.A. Total gifts Shurch Boards 6 030<00 18.434.04 Educational Related Whitney Foundation Vocational Guidance Research Program Total Educational Related Total Educational & General Income 79,452.91 24,464.04 5-700,00 900.00 8.000.00 14.600.00 306.968.39. Schedul e B. Educational & General Expense Administration & General 10,055.20 President’s Office 7.008,37 Business Office 2,992.47 Treasurer-s Office 5,450.75 Dean & Registrar’s Office 3.662,56 Alumnae & Stu. Pro. Women 2.748.40 Dean of Women’s Office 7^147.35 Student Promotion, Men 7,625.65 General Expense 2.6.89 Board of Trustees Total Administration & General expense 46,717.64 Instructional Expense Instruction 9 *8 103.975 Library 8,858.57 Operation & Maintenance 43 T079.9.2 Total Instructional Expense Total Educational & General Expense 155,914,52 202.632.16 ��430 Statement of Profit & Loss Dining Hall, Women’s Department Month of March *5 5 Income Students Faculty & Officer’s Iknployees Guests Exr>erse Inventcry, Beginning Purchases To tai i Less! Inventory, Ending Cost of Food Soldi Salaries Wage s Extra Help Cooking Fuel Ice Refrigeration Linens, Silverware, China Janitor Supplies Laundry Electricity Water Heating Repairs Telephone & Telegraph Exterminator Service Rent s Uniforms Total Expense! Gain or (Loss)• Year to Mar. 31» 195. 5,400t00 45.78 705.62 ___ 22,60 6.174.00 34.6I46.34 ’320.1+6 4,572.34 222 -60 39,761-71+ 821+.33 ? .682.62 4,506 95 __ 872.65 3,631+.30 160.52 23 .61+1+ .00 23 580!+.52 .872,6.5 22,931.87 278.81+ 1,755.75 73.00 69.25 24.00 1,951.88 10,790.00 196.00 1+43.67 88.00 242.16 157.83 114.64 177.44 176.43 1+67.73 443.77 180.79 52.56 60.00 2,1+50.00 41.721+0,966.49 (1,204.75) * 39,761.71 , 108.00 20.80 27.81 31.02 8.76 350.00 6.381.53 (?07.53) 6,174.00 ��Statement of Profit & Loss Dining Hall, Men:s Department Income Students Employees Cash Sales Banquets & Dinners Training Table Month of March ’55 Year to Mar.31, 1955 5,106.92 333.20 187.07 82.50 29,653.73 2,254.40 1,167.34 82.50 1.506.20 34,664.17 1,709,60 Expense Inventory, Beginning Purchases Total: Less J Inventory, Ending Cost of Food Soldi Salaries Wages Extra Help Cooking Fuel Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Su?relies Laundry Electricity Water Heating Repairs Supplies, Records, etc. Exterminator Service Rents Total Expense! Gain or (Loss) 1,045.78 c ,348.24 4,394,02 960,49 3,433'53 187,00 1,136.20 3.50 64.63 18.45 69.99 57.72 48.00 258.03 5,277.35 —432^14. 5^09,62- 366.14 21.215.82 21,581.96 960,49 20,621.47 1,309.00 7,157.20 51.50 307.86 48.00 74.85 295.07 87.65 103.12 317.55 342.65 147.25 462.19 155.40 16.25 70.00 1,8Q8>.31 33,375.32 .1 34 u6 6-^12 ��Minutes EXECUTIVE COMMITTEE MEETING June 3, 1955 The meeting was called to order "by the chairman, Mr. Ike Lanier. Prayer was offered by ?r. John R. Gosney. Present were Messrs. Lanier, Logan Caldwell, W. P. Caldwell, Gosney, Campbell,^ Armstrong, /an Winkle, Wachs, and Lively, and members of the Eoard of trustees, Messrs. Rogers and Baker, and President Groves. The minutes of the meeting of the Executive Committee of April 22, 1955 were approved as mimeographed and circulated, A request from the Birectors of the Alumnae Association of Centre College of Kentucky that the names of East Hall and West Hall be changed to Acheson Hall and Caldwell Hall respectively was read and it was voted to recommend this change of names for these buildings on the women’s campus to the full Board at its meeting on June 4, 1955 * Mr. Wachs presented the report of the Budget Committee, pointing out that the present tentative budget for the fiscal year beginning September 1, 1955 and ending August 31, 1956, shows an estimated over-all * income of $661,337.90 against an estimated expense of $673 ^ *3^,00 wi\;h a deficit of $12,09^.00. Mr. Wachs reported that the final budget will be presented to the Board of Trustees at the October meeting, after final figures for enrolment and, consequently, income from student fees are available, and also after further work on the budget by the business manager and the president of the College. It was voted that Mr. Logan Caldwell be authorized to endorse the note for $3000.00 in the name of Centre College of Kentucky at a local bank for the Phi Belta Theta Fraternity. Of this„the first $1700.00 is to be used to retire the present note of that amount, and the balance of $1303.00 to enable the fraternity to make repairs on their chapter house,this note io be paid off by the fraternity at the rate of $800 per year for principal and interest, on condition that in the event the payments are not made according to schedule by the fraternity, the house snail be operated by the College on the same basis as other fraternity houses partly owned by the College and partly owned by the fraternity. President Groves presented a recommended schedule for increases in the salaries for certain members of the faculty for meritorious work, These increases to take effect September 1, 1955. The schedule as approved -s as followsi Dr. R. I. Rush, prof, of chemistry $200 to $6250 (including $1650 Wo * cl» / Dr. A. G. Vaughan,prof. of ancient languages 10 0 * Dr. C. T. Hazelrlgg, prof, of English 500 to $5600 Dr. D. E. Bartlett, Dept, of Phil. & Pel. 500 to $5300 Dr. F. W. Lootscher, assoc, prof, of Biol. 200 to $4600 to $51-00 ��Dr. T. Hill, assoc, prof.of English $200 to $4600 Mr. Roy Ellis, assoc, prof, of physics 700 to $4500 Mr. J. B. Kellam, asst. prof, of art 200 to $4400 Dr.Leroy Ullrich, psychology & education 800 ;-.r. 1. B. Inman, director of athletics 100 to $5000 and promoted to dean of students. to $4500 (12 months) Mr. Paul Cantrell, asst.prof.of English 400 Lr. L.v•Jobxe,Jr.,asst. prof.of pol.science $jC to $4000 and promoted to rank of asst,prof,to $3300 * Mr 100 to $4100 (12 months) Mr. B, Kelso, Inst, in music 100 to $3400 '.r. J. W, Frazer, registrar 300 to $3000 J. We Brummett,assta in physical ed. Total $5,200.00 On recommendation of President Groves, it was voted to approve the employment of Miss Emily Reeves as assistant professor of elementary education at a salary of $3500 a year for the regular nine and a half months of the academic year, beginning September 1, 1955 * Miss Reeves is to take the place of Miss Mary McKee Simmons, resigned. (Brief biogra­ phical sketch of Miss Emily Reeves is attached) On recommendation of President Groves, the Reverend Gordon Winsor was approved as assistant professor of religion and psychology at a salary of $3800 a year for the regular nine and a half months of the academic year beginning September 1, 1955 * (See biographical sketch of Mr. Winsor attached. It was voted to approve the conversion from the oil burner originally planned for the new Weisiger Art and Music Building to a dual gas and oil burner at an increased cost of $1,228 to the total cost of the Welsiger Azt and Music Building. A pre--registrat o *n report from the registrar’s office was read, showing that as of June 3, 1955» 181 new students are legistered for the fall of 1955, as compared with 150 on June 4, 1954> A report from the alumni secretary was read showing that to date 1200 contributors have contributed a total of $22,700 to the 14th Alumni Pund as compared with a contribution from 1270 contributors who gave $23,000 by the same date a year ago. It was resolved that Centre College of Kentucky join with Hanover College and the Louisville Theological Seminary in bringing a declatory judgment action in an attempt to reduce the requirements of Latin and Greek for scholarships under the will of the late Dr. Walter Kennedy Patterson, There was a discussion of recommendations of President Groves for an enlarged campaign to include the completion of the funds needed for the Vinaor ��..emorial, funds needed for a student union "building, and funds needed for an apartment "building for married students. There also was presented the recom­ mendation cf the alumni secretary, Mr Bob Ensminger, that a full-time person * be employed for fund raising and financial promotion of the college0 It was the consensus that these matters be discussed by the full Board at its meeting on Saturday morning, June U, with a view to appropriate action and consultation with the -Board of directors of the Alumni Association at their meeting at 2;00 p.m. Saturday afternoon, June U. Adjournment. F. Pierce Lively Secretary i ��MISS EMILY REEVES _ kiss Emily Reeves is a graduate of the University of Kentucky with the A.B. decree in 1940, and later completed the Master’s degree at the University in 1953. Miss Reeves has taught three years in the Clark County schools, 1933—1935, 1936-1937. Later for twelve years she was a teacher in the Danville City Schools from 1940 through 19UU and 1946 through 1954. At present she is teaching in the Fayette County Schools. She was secretary of the Department of Class Room Teachers of the Kentucky Educational Asso­ ciation and a member of the Board of Directors of the Kentucky Educational Association,representing the Central Kentucky Education Association. At present she is the class room teacher representative on the advisory committee to the Council on Higher Education. Miss Reeves comes to us with the highest of recommendations? ��436 Reverend Gordon C. Winsor The Reverend Gordon C. Winsor is a graduate of the University of Washington State with a B.S. decree in electrical engineering of 1944. For four years he worked as an electrical engineer for the United States Navy at the Pudget Sound Navy Yard and later at the Bureau of Reclamation in Denver. He later worked as an electrical engineer in the Hanford Workst the plutonium manufacturing plant, in the state of Washington# In 1948 he enrolled in the San Francisco Theological Seminary at San Anselmo, California, to study for the Christian ministry. He compxeted his work, May 10, 1951» for the Bachelor of Divinity degree. For the years 1951 through 1954, he worked for the Master of Science degree in theology, which degree was granted with honors in June 1954. Since 1953 he has been pastor of the Presbyterian Church at Friday Harbor, Washington state. Mr. Winsor is recommended by the faculty of the San Francisco Theological Seminary as one of their most outstanding students in recent years. ��Minutes Meeting of the BOARD OF TRUSTEES June U, 1955 The meeting was called to order by the chairman, Mr. Ike Lanier. Prayer was offered by President Groves. -resent were Messrs. Lanier, Lee, Boles, Baker, Blazer, Rogers, Lively, Logan. Caldwell, Armstrong, W. P. Caldwell, Van Winkle, Van Antwerp, oplin, -osney, Cregor, Campbell, Nevin, and Misses Poynter and Yerkes, and President Groves. The minutes of the meeting of October 30, 195^ were approved as circulated. i‘r* *ed Arnicar, business manager of the college, made the financial r report for the first eight months of the fiscal year, September 1,195^, through April 30. 1955. On the basis of operations through April 30, the business manager reported that the college should end the year in the black, or with no more than a small deficit. It was voted to receive the report (see copy attached), and it was further voted to commend Mr. Arnicar for the accuracy and clarity of his reports. Mr. Lanier reported on the survey being conducted by Dr. Norman Burns of the University of Chicago, and stated that according to present plans, Dr, Burns will complete the survey in time for a full report to the Board at the October meeting. In this connection, President Groves reported that the Board of Christian Education of the Presbyterian Church in the U.S. has a special fund for such surveys, so that in all likelihood it will be possible to take care of the expenses of this survey from that fund. President Groves presented a summary of the annual report of the president, the dean, and other administrative officers. There followed a period of discussion of such items as faculty salaries, optimum enrolment for Centre, the Department of Sociology, and the Vinson Memorial Fund. It was voted that a special committee chosen from outside the member­ ship of the Executive Committee of the Board of Trustees be appointed by the chairman to take what steps are necessary in order to bring the Vinson Memorial project to a successful conclusion. It was further voted that an appointed to investigate the matter tives of such a campaign,its timing fund-raiser should be engaged, this other committee than the above be of a General Funds campaign, the objec­ and whether or no a professional committee to report with recommendation^ to the Board. The chairman, Mr. Ike Lanier, appointed a special committee conslating of I. Hunton Hogers, I. I. Boles, and Norris Armstrong to meet with the Board of Directors of the Alumni Association withregard to their proposal for the employment of special assistance with the 15th Alumni campaign, should they request such a meeting. ��-2- 438 Mr. Logan Caldwell, treasurer and chairman of the finance Committee reported on the meeting of the Finance Committee of June 3, 1955. This report was received and approved (see copy attached). Mr. Caldwell, the treasurer, reported on the receipt of 300 shares of Merritt.Chapman & Scott stock from Mr. E. T. Boles, November 8, 195^. for the Boles Chair of Economics. ;.r. Logan Caldwell also reported the receipt of a gift of the following stocks from Mrs, Alfred I. duPont for the Vinson Memorial Fund: 200 shares of National Air Lines, 200 shares Reda Pump Company, 100 shares of The ^est Foods, and 100 shares of Firemen’s Insurance Company of Newark. Mr. Caldwell also reported bequests of $100 from the estate of Mr. Lacy Byron, $1,000 from the estate of Mrs. Theresa Worthington Grant, and $5,000 from the estate of John F. White. It was voted that the secretary of the Board send a resolution of thanks to hr. E. T. Boles for his gift and also a resolution of thanks to Mrs. A.I.duPont for her gift. Mr. Norris Armstrong, chairman of the Buildings and Grounds Committee, reported on the Installation of the fire escapes in Old Main and Young Science Hall and stated that certain omissions were being corrected. He also reported the recommendation of the Committee that a new boiler be installed in Young Science Hall. Mr. Nevin reported for the Committee that he was in the process of conference with the State Fire Marshall with reference to recommendntions concerning the fire-alarm systems necessary for certain college buildings. In the absence of the chairman, Mr. Wachs, Mr. Lanier reported for the Budget Committee and stated that a tentative budget for 1955-1956 had been drawn up and that an actual budget would be presented at the meeting of the Board in October. President Groves read the report from the Special Committee on the Admission of Negroes.it was voted to receive end file this report. (See copy attached). President Groves read a summary of the report of the year’s activi­ ties of the Board of Overseers. It was voted that this report be received with thanks and filed and that the President of the Board of Overseers be advised that the several recommendations of the Board of Overseers will be considered and such action as is necessary will be taken. It was also voted that this report be circulated among the members of the xonrd for their information. The list of seniors approved by the faculty for the A.B.degree, June 1955, -nd also the list of those approved by the faculty for the A.degree ipon completion of certain work during the summer, the degree to be granted In Au-ust,1955. was presented. It was voted that these students be approved and that the degrees be granted on the recommended dates (see list attached). The recommendatIon of the Executive Committee that East Hall on the women's campus be named hereafter Acheson Hall, and that West Hall bo named ��hereafter Caldwell Hall wns approved. The following trustees were elected for four years on the recommenda­ tion of committee #1 for the class of 1959» Sam B. Jones, John R. Gosney, and Ike Lanier. The following trustees were elected on the recommendation of Committee t?2 to the class of 1959» William A. Benfield, and F. Pierce Lively. The following member of the Board of Trustees was elected on the T»2CHmmonG.ation of the Directors of the Alumni Association to the class uf 1959f John Diederich. President Groves read correspondence with President Eddleman of Georgetown College with regard to a gift to the Kentucky Independent College -foundation by the Falls City Brewing Company. It was the opinion of several members of the Board that in addition to the expression con­ tained in President Grove’s letter to Dr. Eddleman, the trustees of the Kentucky Independent College Foundation be urged to handle this matter in such a way as to leave no cause for embarrassment by any member college. Adjournment. F. Pierce Lively Secretary ��CENTRE COLLEGE OF KENTUCKY Balance Sheet Statement—Operating Fund ASSETS Current Funds A. General Fund Cash in Bank Petty Cash Funds April 30, 1955 9,545.31 1,225.00 10,770.31 1,637.65 19.405.43 Notes Receivable Accounts Receivable Due From Other Funds: From Evans—Sumrall Scholarship Fund From Wiseman Memorial Fund From Farris Fund 157.50 1,653.03 10,045.81 11,856.34 1,423.00 18,533.82 25,854.66 89.481.21 Deferred Expense * Inventories Prepaid Insurance Total Assets: LIABILITIES Current Funds A. General Fund Accounts Payable Accrued Salaries & Wages Accrued Withholding Tax, Federal Accrued Withholding Tax, State Hospitalization Insurance Salary Savings Withheld Social Security Taxes Withheld Borrowed Money • 5,538.50 15,024.97 4,759.35 325.64 170.77 139.80 937.72 25.000.00 51,896.75 Due Other Funds: Due to Annuities Fund Building Fund Scholarship Fund Prize Fund DKE House Fund 209.43 73.69 5,440.26 5,040.58 102.64 Prepaid Charges! Board, Men’s Dining Hall Board, Women’s Dining Hall 6,311.42 7,535.71 10,866.60 13,847.13 Reserves: Athletic Department Research Program Gifts for Designated Purposes 118.88 1,076.53 1,553.83 2,749.24 Agency Funds! Room Damage & Key Deposit 200.50 Lichter Foundation - Student Ioan Fund Surplus & Deficit Account: Arriirmilat ed Operating Deficit Operating Gain at April 30, 1955: (51,307.96) 56,22$ >9.5- 5.000,00 84,560.22 4,920.99 89.481, ��441 Statement of Income & Expense Operating Fund EDUCATIONAL & GENERAL AUXILIARY ENTERPRISES Residence Halls, Women1s Dept. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Dining Hall, Women’s Dept. Dining Hall, Men’s Dept. Tea Boom, Women’s Dept. Coffee Shop, Men’s Dept. Bookstore & Postoffice Other Hon-Educational Gifts Gifts - Alumni-ae Fund Student Activities Health Service Athletic Dept., Men Scholarships & Grants Other Income Expense-Shdowment, Real Estate Public Relations Office Alumni Office & Publicity Bus Service Housemother’s Fraternity Houses Central Stores Warehouse Wiseman Annuity 322.630,58* 230.791,27* 21,218.79 4,710.33 365.00 10,891.36 4,349.15 44,665.19 38,725.98 2,120.82 14,526.44 18,819.42 160.392.48 10,287.48 724.46 169.10 7,223.52 4,834.33 46,440.95 37,779.13 2,362.40 13,891.30 16,655,35. 140.368.02 29,174.39 500.00 3,500.00 2,010.00 10,083.50 12,532.50 3,730.34 2,069.75 1,251.67 14,278.16 73,742.66 61,530,73 Total Income - Expense! Excess! Income over Expense! 544,553.79 544,553.79 * See Schedules Attached 8,252.45 2,527.69 10,167.12 1,067.20 1,670.00 888.85 1,250.00 117.165.15, 488,324.84 56.228.^5 544,553.79 ��SCHEDULE A Educational & General Income Student lees Tuition & Fees Other Fees Total Student Fees April 30, 1955 187.561.94 ■ ..1,0^9,50 188,611.44 Endowment Income Unallocated Endowment Earnings ■Real Estate Income, Unrestricted Restricted Endowment Total Endowment Income 69,272.71 17,863.39 Gifts ~ Church Boards Synod of Ky. U.S. Bd. of Christian Education, U.S.A. Total Gifts - Church Boards 9,270.00 18,434.04 Educational Related Whitney Foundation Vocational Guidance Research Program Total Educational Related Total Educational & General Income 91,715.10 27,704.04 5,700.00 900.00 8,000.00 14,600,00 322,630.58 SCHEDULE B Educational & General Expense Administration & General 11,312.20 President’s Office 7,981.72 Business Office 3,240.13 Treasurer’s Office 6,398.21 Dean & Registrar’s Office 4,147.32 Alumnae & Stu. Pro. Women 3,202.89 Dean of Women’s Office 8,257.40 Student Promotion, Men 8,438.24 General Expense 26,82 Board of Trustees Total Administration & General Expense Instructional Exnense Instruction Library Operation & Maintenance Total Instructional Expense Total Educational & General Expense 53,005.00 119,096.25 9,743.02 48,947.00 177,7^22 230,791.22 ��Statement of Profit & Lose Dining ^all, ^omen’s Department Month of April 155 Income Students Faculty & Officer’s iihployees Gue st s Expense Inventory, Beginning Purchases To tai Less: Inventory Ending Cost of Food Sold Salaries Wages Extra Helr> * Cooking Fuel Ice Refrigeration Linens, Silverware, China Janitor Suuolies ** Laundry Electricity Water Heating Repairs Telephone & Telegraph Exterminator Service Rents Uniforms Total Expense Gain or (Loss): Year to April r}0, ’55 ^,165.55 45-78 588.12 104.00 4,903.45 8 *9 38,811 366.24 5,160.46 __ 326 6 *.0 44^66.5.^2 872.65 2.^82 3.302.52 739.20 2,563.32 160.52 26,073,87 3 *9 26,234 739.20 25,^95.19 278.84 1,378.50 2,230.72 12,168.50 196.00 3 *9 510 120.00 242.16 283.28 114.64 202.10 207.47 467.73 443.77 206.04 52.56 80.00 2,800.00 66.72 32.00 125.45 24.66 31.04 25.25 20.00 350.00 . 4.895.78 7.67 4,903.45 41,72. 45,862.27 mazioftl 44* 6.65,19... ��444 Statement of Profit & Loss Dining Hall, Men’s Department Month of April ’55 Expense Inventory, Beginning Pur chases Total Less J Inventory, Ending Cost of Food Sold: Salaries W age s Extra Help Cooking Fuel Ice Refrigeration Linens, Silverware, China Kitchen Expense Janitor Supplies Laundry Electricity Wnt c 1 * Heating Repairs Supplies, Records, etc. Exterminator Service Rents Total Expense: Gain or (Loss) 3,675.00 262.00 124.81 4.061,81 Income Students Ihployees Cash Sales Banquets & Dinners Training Table Year to April 30/55 33.328.73 2,516.40 1,292.15 82.50 1/06,20 38,725,98 960.49 2 .078,44 3.038.93 851.16 2,187.7? 366.14 23 >2.94^26 23,660.40 ___ £51x16 22,809.24 187.00 942.00 1,496.00 8,099.20 51.50 378.70 48.00 74-85 295.07 87.65 118.02 361.04 397.27 239.66 499.32 165.70 16.25 90.00 2,066.6^ 37,294.11 1.431.87 38,725.98 70.84 14.90 43.49 54.62 92.41 37.13 10.30 20.00 . 258.33 3.918.79 143.02 4,061.81 ��CENTRE COLLEGE OF KENTUCKY Budget Comparison - Operating Fund Budget 1954-55 Income Student Fees General Fees Other Fees 2ndo_v^ent Unrestricted Real Estate (Unrestricted) Restricted Quota Apr.JO !55 Realized Over Apr.30,’55 (Under) 188,973.50 __1>25.Q»QQ 120^23 <50 182,223.50 ____ 53.3 >33 1£3.056.8? 187,561.94 1.049»5Q lflg.611.44 5,338.44 —aiojjz 5,5514.61 61,500.00 20,887.00 -la^io.oo 101,197.00 41,000.00 17,858.00 -12.54Q.QQ 40,963.82 17,863.39 . 14 ,<$46 as 73,473 >59 (36.18) 5,39 2.JQ6a82^0.7,5.59- 10,666.66 10,000,00 - 20.666.66 9,270.00 18.434,04 22 .ZQ4,ak (1,396.66) 8,434,04l_ 7.037.3.8- Gifts - Church Boards Synod of Ky, U.S. 16,000.00 Bd. of Christian Education.U.S.A ,10'qqo.qq .26,000,00 Elucational-Related Whitney Foundation Vocational Guidance Research Program Auxiliary Enterprise Residence Halls, Women s * Dept Residence Halls, Wiseman Residence Halls, Breckinridge Centreville Dining Room, Women’s Dept. Dining Room Men’s Dept, Tea Room, Women’s Dept. Coffee Shop, Men’s Dept. Bookstore & Postoffice Other Non-Educational Income Gifts-Living Endowment Ky, Ind, College Foundation Churches—Living Endowment Alumni—Alumnae Association Student Activities Health Service Athletics, Men’s Dept, Scholarships & Grants Other Income Totals S 5,700.00 1,000.00 10,000,00 16,700.00 5,700.00 500.00 8,000,00 14 f 200,00 21,700.00 4,780.00 10,320.00 4,000.00 66,650.00 44,510.00 3,500.00 18,500.00 21.500.00 195.460,00 21,097.00 4,660.00 10,088.66 3,200.00 44,665.19 38,725.98 2,880.00 12,300.00 ,18.612., 42 156,436.25 21,218.79 4,710.33 10,891.36 4,349.15 44,665.19 38,725.98 2,120.82 14,526.44 18.8JQJ& 160,027.4H 121.79 50.33 802.70 1,149.15 .00 ,00 (759.18) 2,226.44 _____ >00 X52K21 15,000.00 10,000.00 7,000.00 19,500.00 3,500.00 2,010.00 11,060.00 30,050.00 5,850.00 103.970,00 10,000.00 6,666,66 4,666.66 500.00 3,500.00 2,010.00 11,060.00 12,532.50 3.900.OQ 54,^35.82 13,409.31 10,000.00 5,765.08 500.00 3,500.00 2,010.00 10,083.50 12,532.50 3.730.3461,530.73 3,409.31 3,333.3^ 1,098.42 ,00 .00 .00 (976.50) .00 (169.66) 6,694.91 633»55O.5O 500,593.56 525,947.28 5,700.00 .00 900.00 400,00 8,000,00 _______ tQQ_ 14,600,0.0 400 >Q0- 25,353.72 ��-146 CENTRE COLLEGE OF KENTUCKY Budget Comparison-Operating Fund Budget 195M5 Quota • Apr .30'55 Exoended Apr.30’55 10 ;358,66 7,910-00 3,906.66 5.704.16 4 ;050.00 3;108.30 5,906.66 8.730.00 66.66 Jat.74X,10 11,312,20 (953.54) 7,981.72 (71.72) 3,240.13 666.53 6,398.21 (694.052 4,147.32 (97-32) 3,202.89 (94^59/ 8,257.40 (2,350.74) 8,438.24 291.76 _____ 26.89 _^Z7. -53.»0.Q.5 ,.09 (.3.^.1.9ft) 180,112.19 14,130.00 67,010.00 10.918,00 272.170.19 120,074.79 9,753.33 46,916.66 8.062.00 184,806,78 978,54 li9.096.25 10.31 9,743.02 ^8,947.00 (2,030.34) .8,2.52,45 (190.453 186,038,72 (1.231.941 13,745.00 2,060.00 200.00 7,655.00 4,000.00 61,650.00 41,840.00 3,325.00 17,575.00 20,425.00 17? ,475,00. 9,963.33 1,133.33 133.33 7,337.70 3,200.00 41,315.31 36,402.34 2,660.00 11,559.86 16.655-.35. 139.,3.60^55 10,287.48 724.46 169.10 7,223.52 4,834.33 45 , 862.27 37,294.11 2,362.40 13,891.30 16,655,35. 139,30.4,3?. 3,111.44 14,295.00 3.500.00 2,010.00 14,687.00 80,000.00 3,]?0.00 1,800.00 1,185.00 2.500.0Q < *4 126.208. 2,139.10 9,530.00 2,069.75 1,340.00 13,858.89 73,742.66 1,233.33 1,670.00 796.66 1.250.00 X07a.43Q.3SL (388.59) 2,527.69 (637.12) 10,167.12 .00 2,069.75 1.251.67 88.33 (419.27) 14,278.16 .00 73,742.66 166.13 1,067.20 .00 1,670.00 (92.19) 888.85 1.250.00 _____ aQQ 1Q8.913 JLQ (l^ZaZL) 6^,765.3^ (12,214.84) 472,538.82 487,261.14(14,722.32) Exnenditures Administration & General President’s Office 15,988,00 Business Office 11,865,00 Treasurer’s Office 5,710,00 Bean & Registrar’s Office 8>556>25 Alumnae Office & Stu. Pro. Women 6,075-00 Bean of Women’s Office 4,662 ?46 Student Promotion, Men 8,860 00 General Expense 13,095.00 Board of Trustees 100.00 . 74 ,.911,21 Instructional Instruction Library Operation & Maintenance ihdowment Real Estate Auxiliary Enterprises Residence Halls, Women’s Bept. Residence Halls, Wiseman Residence Halls, McReynolds Residence Halls, Breckinridge Centreville Bining Hall, Women’s Bept. Lining Hall, Men’s Bept. Tea Room, Women’s Bept. Coffee Shop, Men’s Bept. Bookstore & Postoffice Other Non-Educational Expense Public Relations Alumni Office Student Activities Health Service Athletic’s, Men s * Bept, Scholarships & Grants Bus Service Housemother’s Erat, Houses Central Stores Warehouse Viseman Annuity Totals 5 Budgeted Beficit for 1954-55 Budget Gain at April 30,1955: (Over) Under (324.15) 408.87 (35.77) 114.18 (1,634.33) (4,546.96) (891.77) 297.60 ^ *) (2,331 ,00 (8,943,723 10,631.40 ��447 Report of the Finance Committee Mr. Logan Caldwell, Chairman The changes recommended in the portfolio by the Investment Committee were as follows: Sell $3,000 of American Tobacco 3$ of 1969 300 shares of General Electric 200 shares of Minnesota Honeywell 200 shares of Aluminum Company of America (new) -ouy 10 shares Travelers Insurance 200 shares Inland Steel (common) 200 shares Corning Glass Cn motion and duly seconded it was voted that the fee 01 the United States Trust Company of New York be raised from $2t000 to $2,h00 per year. ��REPORT TO THZ BCARD CF TRUSTEES CF CENTRE COLLEGE Your committee is continuing to study the matter of admission 01 negro students to Centre College. It has discussed the matter with responsible people of the Church, the College and the community. The committee feels that more harm than good for the College, for the community of Panville, and especially for better relationships between whites and negroes of Centre’s constituency ’- uld o * be done by any precipitous action at this time. Your committee recommends, therefore, that it continue its ex­ plorations ’-dth committees of the alumni, alumnae and other. Norris Armstrong Logan Caldwell John Gosney * Maj 1U, 1955 448 ��449 SENIOR CLASS 1955 Ramon Lawrence Adame New York City, N.Y. Mary Lynn Bryant Danville, Kentucky ’‘Barbara Lee Buckley Berea. Kentucky, Magna Cum Laude Eenry alker Castner Louisville, Kentucky Gordon Randolph Coe Erlanger, Kentucky McCormick Royall Covington Shaker Heights, Ohio Kelley Deaton,Jr. Grayson, Kentucky William Kenneth Deckar Garden City, L.I, New York Elizabeth Ann Denise W estfleld, N.Y. Eenry Ewing Dosker Louisville, Kentucky Kathryn Cole Eblen Hazard, Kentucky, The Music Prize Sarah Carroll Edmiston, Danville, Kentucky, Magna Cum Laude The Yearer, Ford and Warren Accountancy Prize *Gordon Feese Liberty, Kentucky, Cum Laude Mary Alice Fryrear Palmyra, Indiana Magna Cum Laude Powell Barlow Gillenwater,Jr. Glasgow, Kentucky Mary Elizabeth Greer Hopkinsville, Kentucky Harold Nelson Hanson Augusta, Kentucky The Sally Warfield Memorial Prize, Mathematics *Mary Ann Holl Louisville, Kentucky Gordon Hollins Nashville, Tennessee Summa Cum Laude The Phi Beta Chi Scientific Fraternity Prize The George Winston Welch Valedictorian Prize,Men’s Department Danville, Kentucky Gladys Hendren Jackson Ashland, Kentucky Thomas Riffle Jennings,Jr. New Castle, Pennsylvania, Magna Cum Laude Norma Ramsey Jones Winchester, Kentucky Kathryn Nell Justice Toronto, Canada Magna Cum Laude Bertram Kelso Campton, Kentuczy Ruby Lee King Hopkinsville, Kentucky, Cum Laude Homer Wilkins Lacy,Jr. Jamestown, Kentucky David Long Lawrence Ashland, Kentucky Sally Jean Lobaugh Springfield, Kentucky John Rutledge McClure Nicholasville, KentuckyMartha Varnon McConathy Stanford, Kentucky James Brown McCormack The Preston Carter Chemistry Prize The Nelson Allen Chemistry Award Danville, Kentucky Betty Joiner Mercer Ashland, Kentucky Frances June Moore East Bernstadt, Kentucky John Wathen Morgan Redondo Beach, California Hughes Oliphant Old Danville, Kentucky Richard Noel Parks The William Ernst Memorial Prize, Debate Franklin, Kentucky Cum Laude Nancy Ruth Roark Madisonville, Kentucky James Hume Rucker Louisville, Kentucky Lee Chadwick Russell Henderson, Kentucky Thomas Lee Sale The Owsley Rochester Memorial Award Ashland, Kentucky Richard Gordon Scott Louisville, Kentucky Richard L. Soehner Yosemite, Kentucky Margaret Lee Stafford Hopkinsville, Kentucky Covington, Tennessee, Mary c. Young English literature Prize Magna ^um .baude ��450 Dorthy Lynn Weinedel Louisville, Kentucky Mary Frances Westmoreland Griffin, Georgia James Robert dlson,Jr. Keene, Kentucky, Summa Cum Laude The Breckenridge Jones History and Political Science Prize The Crmond Beatty Alumni Prize * Completed requirements for degree, January, 1955» COMPLETING WORK FCR THEIR DEGREES - AUGUST 1955 Ceorge Ross Biles Danville, Kentucky James ,,Tilliam Broaddus Irvine, Kentucky The John W. Yerkes English Prize Alice Cowan Bullock Louisville, Kentucky William Richard Green Paducah, Kentucky Thomas Jackson Louisville, Kentucky Logan McCulloch Mahaffey Richmond, Kentucky Charles W, Owens,Jr. Louisville, Kentucky Lancaster, Kentucky Joseph Robert Purdom Danville, Kentucky Cum Laude Jean Hart Rapier Louisville, Kentucky Carl Denhard Steineker Danville, Kentucky James Dale Wallace ��Centre College of Kentucky Danville, Kentucky June 16, 1955 Members of the Board, of Trustees Bear ?rlends: Through an oversight, the report which Mr. Logan Caldwell made of the gift of $10,000 from Mr. A. Chauncey Newlin of New York City was not mentioned in the minutes of June U, which have been sent to you. Accordingly, the following should be added to those minutes. Mr. Caldwell also reported a gift of $10,000 from Mr. A. Chauncey Newlin of the class of 1925» the income of which is to be used to increase the salary or salaries of professor or professors of the department of ancient languages. It was voted that the secretary of the Board send a resolution of thanks to Mr Nevzlin for this gift. * Very sincerely yours, Walter A. Groves President WAG»rap �������� Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees Description An account of the resource Minutes from the Centre College Board of Trustees. The Centre College Board of Trustees collection was compiled from a mass of papers found in various campus locations in the early 1980's. Since no clearly defined subdivisions existed, the material was simply divided by type of document, assigned a series letter, and then arranged chronologically. Series A, approximately half of the collection, consists of correspondence to, or from, members of the Board and the secretary and financial agent/treasurer, who served as agents of the college's governing body. A significant percentage of the collection deals with fund raising efforts by Centre, and efforts by the financial agents to collect on subscriptions made to the college. Other prominent subjects include: The Kentucky School for the Deaf (then known as the Deaf and Dumb Asylum); efforts to select presidents; faculty relations; consolidation (and aftermath) of Centre and Central University (Richmond, Ky.); consolidation of Centre and Kentucky College for Women; Carnegie foundation grants; and erection of college buildings, particularly Old Main, the "new" Boyle Humphrey Gymnasium (Sutcliffe Hall) and the old octagonal Sayre Library. This collection of correspondence is largely a "patchwork" collection and by no means covers all the vital issues tackled by the board since its inception. The correspondence, for example, from the 1820's to the 1850's is quite diverse, while the correspondence from the 1860's deals almost exclusively with efforts by the financial agent to collect on delinquent subscriptions. A central figure in much of the later correspondence is John Adison Cheek who served as treasurer of Centre from approximately 1889 to 1933. Series B consists of perhaps the most important chronicle of Centre's history - the volumes containing the minutes of the Centre College Board of Trustees, 1819-1853, 1863-present. Minutes from 1819 through 1979 have been digitized, and are available from the Centre College Digital Archives. Interesting circumstances surround volume 2 of the minutes. The volume had been missing for at least forty years when it was discovered by Dr. Miller Hillhouse in a shed between his Danville house on North Fourth Street and the home of Miss Mary Ashby Cheek on North Third Street. The minutes were believed to have been placed in the shed along with other old books and papers in the mid-1930's after the death of Miss Cheek's father, J. A. Cheek. The fate of the volume containing the minutes from 1853-1863 (one of the most interesting decades in Centre's history) remains a mystery. Series C contains miscellaneous reports written by the Board, or committees of the Board, while Series D contains miscellaneous papers concerning the Board, including certificates or pledges for members taking the oath of office and texts of speeches and essays by members of the board. Annual Reports to the Board may be located in CC-2 Centre College Presidents. Public access to Board minutes may be granted for those minutes for which the President is no longer living, or 25 years past the date of the minutes, whichever is longer. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1819-1979 Rights Information about rights held in and over the resource All Rights Reserved Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books Text A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Physical Location Where item is located in collections. Centre College Special Collections and Archives CC-1 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context CC_001B_Board_of_Trustees_Minutes_Book_09 Title A name given to the resource Centre College Board of Trustees Minutes, Vol. 9 (1950-1955) Creator An entity primarily responsible for making the resource Centre College Board of Trustees Date A point or period of time associated with an event in the lifecycle of the resource 1950-1955 Description An account of the resource The official recorded minutes of the Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Danville (Ky.) 37.64569, -84.7836946 Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource minute books Language A language of the resource English Rights Information about rights held in and over the resource All Rights Reserved Subject The topic of the resource Centre College (Danville, Ky : 1918-)--Board of Trustees Centre College (Danville, Ky : 1918-)--Minutes (Records) https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/8564ee4d5dcc2d5c152d78cc5eef1b12.pdf?Expires=1776902400&Signature=q65j3SmRSKGyz6Pe3DsHwC-qh1MWwnnillDoFnFE7t6jZn3zDIExomNvqKuQqznssoODhmSLsbs3babgllk2m4jcyu8djP04Zxig9AoGQX1DraI%7E7Mm53B2ZWTOK1NbAxJvt9QUB%7EmRSmZosOd32PMiiX0pY0UeLYmPAdRW4T16Mkb7Ob4pkCaE6NEj448840MeHmU49g2Yo3ik9b71JjYBKaxydRSjp1NiG4wRCeeCs-9QCKcz8ajsOJnVVAQ%7Ef86hmDeATRg2cVyUQaekPfzBLpYa60OEJj%7Ey1nyL3e11eNFT%7ERyPi9rjpo6YT8FyJfrWy2%7E2Gu-FgU0zWETGl8Q__&Key-Pair-Id=K6UGZS9ZTDSZM b68c699f8692bdc04a8dcab580a1bbfd PDF Text Text ��This book microfilmed April 19, 1966 �DIRECTIONS FOR OPERATING McMILLAN MINUTE BOOKS TO OPEN: 1. Raise either cover to an angle not over 90°. 2. Pull out locking rod. 3. The studs or posts are now released, permitting the insertion or removal of sheets. TO CLOSE: 1. Raise cover on the side which has been opened to an angle of not over 90°. 2. Align the sheets in the binder so that the studs or posts fit into the slots in the metal casing, on the inside of the cover. 3. Push in the locking rod, so that the 3 studs or posts are securely engaged. TO LOCK PERMANENTLY: When the book has been completed, it can be permanently sealed, as follows: 1. Remove the small wrench from the white box sent with the binder. 2. Raise the top cover to an angle of not over 90°, and pull out the locking rod. 3. Place the hooked end of the wrench on the rod and break off the exposed part of the rod. 4. Carefully align the studs or posts in the slots in the metal casing on the inside of the cover. 5. With the small end of the wrench, push the rod into the casing, making sure it engages the three studs. 6. Repeat this operation, on the lower cover. NOTE: Never have both locking rods released at the same time, and do not break the ends off until the book is to be sealed permanently. GUARANTEE The undersigned hereby guarantees the metal in this loose leaf device against any deject of workmanship or material occasioned by or arising from its reasonable use and wear. Should any such defect appear it will be repaired by us without charge upon presentation by any reputable stationery dealer. McMILLAN BOOK COMPAN Y Danville , Kentucky May 22 , 1943 The Board of Trustee s of Centre College met on the above date at 10 A The meeting wa s onened with prayer by Dr. Charles 1 . 1/elch . The .Secretary called the roll and Acting Pr esident James H. Hewlett and the following Trustees were present: Philip :b"'. Barbour, J . ice Cowan, Charles 1/. Welch , Robert ;/ . Miles , Elbert GHry Sutcliffe, .lfri.nl: H. Caldwell, J . E . ,liseman, Logan Caldwell , Hugh L. Nevin , Frederick A . 1/allis , Ike Lanier, and George A.. McRoberts . Messages were received from absent me."llbers of the Board expressing regret t h at the could not be present . On motion , the reading of the minutes of the meeting of the Board held on October 1· , 1-9t~2 , was dispensed with as a copy of these minutes had been 7 mailed to each member of the Board . Motion carried that the Boa rd proceed with the election of Trustees to fill vacancies on the Board , and the □ emb e rs of Com mittees #1 and #2 were asked to meet and bring in nominations for Trustee s in their respective classes. Committee #1 reported the nomination for re- election for a neriod of fou r y ears of the following men whose terns of office expir e with this meeti ng : J . Rice Co w an and Charles llhi tefield 1/elch , - this action subject to ratification b y the Synod of Kentucky U. s. A. Committee #1 also reported no nomination to fill the vacancy caused by the resignation of Dr . Horace Cady lfilson. Committee #2 reported the nomination for re-election, for a oeriod of four years of the following men whose terms of office expire with t his meeting: Robert Miles and Elbert Gary ;jutcliffe , - this action subject to ratification by the Bynod of Kentucky U. S. Committee #2 reported no nomination to fill the vacancy existing in the t erm expiring in 1946 , caused by the death of Mr . Gibney Oscar Letcher. ,i. Committee #3 reported the nomination of' Geo.rge A.. Joplin , Jr. 1 20 , for election for a period of four years as .A.lunni Trustee to take the place of Arthur • Allen , whose term of office expires with this meeting. On motion , seconded , and duly carried the above monimations were approved by the Board. Dean Hewlett presented the names of the members of the graduating class as recommended by the Faculty for the deg ree of Bachelor of Arts or Bachelor of Science in Educa tion as indicated below : i3ach el or of Art a Martha Harding Bosley Charlotte Lewis Laird arilyn Faith Dayton Levene LeFevre Edith Iurrell Gaines ~1.izabeth Edmond Owen Katherine Strother Gillis Sue Craig Rochester Ther esa Louise Guffey Elizabeth Ann Shumate Dororthy Ann Hecker Ann Bernice Steiger Mary Douglas Honeycutt Eileen Mae Steiner Catherine 1aude Keffer :&'ranees Louise Teeple l!'lorence Vivian 1{atts �10 Bachelor of rts Paul Lieber dams John Albert Ashby Harold ,loodson Bradshaw James Reid Caudill 11ill i am Zi-trl Charlton Claude Issac Cohron. ivill iam Roy Cole, Jr . Robert Bryson Cook, Jr . Alex Fible Courtenay 1iil liam Cowan Cunnir..gham Ha rry Osborne Dudley Robert i\11 ton Ensninger J ames Hurlburt Evans J ames Thomas .ii'leming Frank Gilliam William Lee Gresham John Summerfield Guerrant Jack Haddock Thouas Car roll Laswell , Jr . Frederick Pierce Lively Bryce Herbert McMullen John Yager i!ercer :rn. Alexander Meriwether Horace Lee Morrow ,lill _arn Gibbs Pike i Silas Henry Prather G. C. ... eid , Jr . tis Myers .d.icharrlson Harold Diemer Smyser Boyd A. Jise , Jr . Bachelor of Science in Education Ida fae Asher Cbristine Dowell Tillie Farrand 0 1Nan On motion , duly carried , the conferring of these degrees as recor.amended by the JPacul ty was approved by the Boa rd of Trustees . The follovrin.g r ecor11nendations of the lt]xecutive Committee for honorary degrees to be conferred at Co'TII:1ence~ent , May 24 , had been approved by the Board in a vote ta.lt:en by tw.il . l Doctor of Laws - Henry i/isdom Cave 109 , New York City Lucius Meriwether ~mi t,h , CU 1 99 Doctor of Literature - Orie W illiam Long , 103 Dr . Hewl ett p r esented his report as Dean and Acting President , which was receive1 and ordered .filed. Dr . Miles and Dr . \felch were appointed by the Chairman to reuort to the Board after luncheon on Dr . Hewlett I s report . Mr . Herbert A. eyer gave a brief oral report as Business Manager as 'his full report is nresented at the fall meeting of the Board. The Board then adjourned for luncheon at the College for ,/or1en , to re-assemble at 2 P . M. The Boa rd re-assembled at 2 P . M. Miss Jane L. Richards presented her second report as Dean of was on motion received and ordered filed . I omen , which After discussion , the following act.ion was taken : Moved, that the Committee on Bnildings and Grounds be authorized. to undertake immediatei.y such repairs as are necessary both to the furniture and the buildings[ a.t the College for donen at an exuencli ture not to exceed 4i3 , 000 , and that they be re vuested to make a report of progress at the next meeting of the JiiXecutive Cor'lITli ttee . Motion carried. �The Chainnan appointed r . \lallis to write a. resolution to be sent to t. r . Melson D. odes, Treasurer of the Bo,,rd, who was absent due to illness . This resolution follows : I move that the Board of Trustees of Centre College , here assembled , note with profound regret the absence of our fai t1,ful and untiring Treasurer and Chairman of the Executive Conni ttee , Nelson D. odes , who is recunerating in the Good l:ic:unaritan Hospital at_ Lexington , and with one accord extend to him our deepest sym)athies and assurance of our prayerful hope of his e&rly recov·ery. Dr . irank H. Gladwell v1as asked to draft a letter of greeting to Chfaplain Robert L. McLeod , Jr. to be sent in the name of the Board of Trustees . The letter follows : Danville , Kentucky May 22 , 194-:S Chapl ain Robert L. McLeod , Jr • .Building #3 , Room 207 U. ~. Naval Training Station Great Lakes , Ill inois Dear' Chaplain McLeod: The Board of Trustees of Centre Coll ege me t in semi-annual session in the President 1 s office on May 22 . Although the reports of the J"ctingPresident , DeL.ns and Business tanager were most gratifying , and indicate a sound cond.i tion of the institution in the midst of the present crisis , the BoF,rd was keenly aware of your absence. By unaniMous vote the Bo ard wished to have its henrty greetings conveyed to Cent re College feels a sense of nride in the valuable service which vou are rendering our country in the Navy . YOU . ,1it.h every good. wish to you and 1 rs . McLeod , Bincerely yours , fl,()tJ Board of T r u s t ~ f ~ r ~ J . R. Cowan , Chairman Dr . Miles , :representing the committee a.pDointed by the Ch~irman to bring in a report on Dr . Hewlett 1 s report as Dean and Acting President made a verbal statement commending Dr . Hewlett on his report and pn his .work in general. Dr . 1iHl D. Gilliam made a reoort as Acting Dean of Men , which was received and ordered filed . Mr . Enos l:>Wain made a report as tiecretary of the Alumni .Association in which he presented the f.ollowing resolution from the Alumni Association unanimously adopted at a meeting held on May 21 , 1943: E �13 Finance Committee: Nelson D. odes , Chairman; I ke Lanier , J . . R • . Cowan, and George .1~ . McRoberts . Comraittee on Buildings and Grounds : Elbert Ga.ry ~utcliffe, Chairman , I ke Lanier , George A. McRoberts, and Hugh L. Nevin . Committee on Coll ege Management : J esse Herrmann , Chairman ; li'rederick A. 1lallis, J. R. Cowan , and I ke Lanie r .Budget Committee: Elbert Gary Sutcliffe and I ke Lanier (The President of the- College is ex-officio member of a ll committees . ) I t was moved , seconded , and approved that the resolution adopted J uly 14 , 1942 , authorizing elson D. Rodes , TreRsurer of Centre Col l ege of Kentucky , to execute on behalf of Centre Coll ege certain papers , etc . be amended by inserting after 11 Nel.son D. Rodes , Treasurer of Centre College of Kentncky 11 the following : 11 or in his absence .J. Rice Cowan , Chairman of the Board of Trustees of Centre College of Kentucky . 11 The resolution vlill then read: Uelson D. Rodes , Treasurer of Centre College of Kentucky , or in his absence J. Rice Cowan , Chairma.a.1 cf the Board of Trustees of Centre Coll ege of entucky , ia hereby authorized to execute on behalf of Centre College of entucky releases of liens on real estate that secure indebtedness to Centre College of Kentucky , and also to sell , assign , and endorse for transfer bond certificates of stock in cornorations now ovrned by Centre College of Kentucky or hereafter owned by this Co rporation. Movetl , that J . Rice Cowan , Chairmu.n of the Board of Trustees of Centre College of en tncky, be authorized to sign checks in the absence of the Treasurer , Nelson D. Rodes , Mot i on carried. . On motion ,- the Board adjourned. Frederick A. 1allis , Secretary D~nvil l e , entucky Ju-ne 8 , 1943 The Executive Com.. uittee of the .Board of Trustees of Centre Coll ege met on " the above date at 2 P . M. The meeting was opened with prayer by Ur • .dodes . Acting President J ames H. Hewl ett .s.nd the following Trustees were present: Messrs . Rodes , 1fiseman , Mc oberts , and L . Cal dwell. In the absence of Dr . Covian , Ur . Cal dwell was asked to act as Secretary. The minutes of the meeting of the Executive Committee held on April 30 , 1943 , and of the meeting of the .Board of Trustees held on Muy 22 , 1943, vrere approved for record. The following resolution was adopted: The Executive Committee of Centre College at its meeting on June 8 , 1943 , exryress to Mrs . Jadie M. Q,uigley and Miss Henrietta· a.rble , of Owensboro, Kentucky , their appreciat ion for creating the Dwight ifowcomb Marble Jl'und in memory of Dwight lfowco1.1b !arble, Cl ass of 1882, ancl the President of the College is L �14 asked to write a letter to Mrl:l . -iuigley and. Hss farble sending theri1 a copy of this resolution . The President was also asked to send a copy of this resolution to 1r . Thomas Laswell and thank him for his interest . Acting President Hewlett announced. the gift of $1.000 from Dr. 1 . R. Laird , ilm a member of the Board of Trustees . The Exe~itive Committee expressed its aunreciation of this gift and requ€sted Acting Presirient Hewlett and Treasurer Rodes to write Dr . Laird expressing to him this appreciation . The Executive Committee then ordered that this $1 , 000 be nassed into the endowment funds as the beginning of a special fund , the income from which shall be devoted to increasing the compensation of the Faculty of Centre College. Dr . Hewlett suggested that under the circumstances the College take care of Mr . Otero 1 s room rent this suimer to whatever extent i~ necessary and that during the session of 1943-44 .the College take care of Mr . Otero I s board, tuition , and room rent on condition that he teach at least one class in ~panish . The Executive Comnittee voted that these suggestions be approved. It was vote ( that Dr . Laura Robinson be paid a salary of $2 , 100 and be given i the rank of Associate Professor as long as she is responsible for taking care of all the work of the Department of Ancient Lo.nguages , and that this salary be r,10.de retroactive to the time of Dr. Porter ' s death . It was voted that the salary of Miss Annie J . Smith be raised to $2 , 400 since she is the Head of the Department of Home Economics and is to take on next year the new duties of being responsible for the running of the dining room then to become a part of the Deparb~ent of Home Economics e-~d to be operated by that Denartment . I t vias voted that Barnett and Company be employed to make the audit for the year ending June 30 , 191+ 3. It was voted that Centre College give promissory notes to Mr . Helson D. ·odes for funds borrowed by him individually to pay the expenses of the College until the College receives funds due it from the United States Government under its contract with the Government . The Committee ad~i ourned. Da nville , Kentucky _ July 13 , 1943 . The Executive Com·ui ttee of the Board of Trustees o,f Centre College met on the above date at 2: 30 P. M The meeting was opened with :prayer by Mr . Rodes . . Acting President James H. Hewlett and the following Trustees were oresent : Mei;.srs . Wiseman, L. Caldwell , Sutcliffe , Rodes , McRoberts , and Cowan. The minutes of the meetin~ of t his Corrnnittee held on June 8; 19u3 , were read and approved for record. Motion was Hal l since felt would boiler can made and carried that a new boiler be purchased for Breckinridge the old one has had to be reoaired ~ver a period of years and it is not last through the coming winter . It was understood that a new be purchased in Lexington , for betwee~ $800 and $900 , and installed l: _ �15 at a total cost of from $1 , 200 to ~1 ,400. Dr . Hewlett recom.~ended that $300 be set aside to pay the exoenses of four Faculty members to the Workshop of the Cooperative Study at the Univers ity of Chicago this summer . On motion , this recomraendation was approved . Motion made and carried that Dr . Jameson M. Jones be anpointed Associate Professor . of Bible and Acting H.ead of the Department of Religion for the session of 191. -3-l-1-4 1 at a salary of $2 ,400 for nine months . I t was understood that Acting President Hewlett would write to Dr . Jones making clear that the Committee was not ready to commit itself as to making him a full Professor and Head of the Denartment for the session of 1944-45. The Committee made this reservation wi.thout prejudice to Dr . Jones a t the present time , but for the purpose of making sure .t hat he is the kind of man the Coll.ege needs to head the Department of Religion. Motion carried that it is the desire of the Executive Committee that Dr . W f{ . . Steffey 1 s services as Acting Head of the Department of Physics be acceptable for at least two, and perhaps three years before a decision is made as to his permanent tenure here . Triplett , Jr . be. employed as Instructor Moved and carried that Mr . Robert s • . in Mathematics and Physics for the session of 1943-44 at a salary of $1 , 300 for nine months I teaching. Moved and carried that Miss Thelma H• .Pearson be employed as Associate Professor of Home Economics and Applied Art at a salary of $2 ,100 for the session of 1943-44, nine months I teaching. (Declined the position. See minutes of August 3, 1943) Moved and carried that Dr . bna L . Moon be employed as Assistant Professor of Spanish for the session of 1943-44 a t a salary of $1 , 800 for nine months ' teaching , orovided- she proves acceptable after a personal interview . Motion made , seconded , and carried that the salary of Mr . Herbert A. Meyer as Business Manager after the war be $3 ,000 a year , - that paid to Heads of Departments . The Committee adjourned. J . R. Cowan , Secretary J:i:!:~~ August 3, 194 3 The Executive Committee of the Board of Trustees of Centre College ~et on the above n.ate at 2:30 P . M. .Acting President Hewlett and the following Trustees were present: Messrs . Hisa-,1an , 1/allis , L. Caldwell, Rodes , and Cowan. The meeting was opened with prayer by Hr . 1/alli s . The mi nutes of the meeting of July correction which has been made . 13 , 1943, were read and approved with one Since Hiss Pearson declined the offer as .Associate Professor of Home Economics and Applied rt, Dr . Hewlett recommended for this position Miss Gertrude E . 1/ade , and h is recommendation was approved , - Miss vfade 1 s salary for the session of 1943-44 to be $2 ,100. 00 for nine months 1 teaching , beginning ~eptember 1 , 1943. L �16 Dr . Hewlett announced that Mis.s :Eh1.ily Jane Peterson , I nstructor of Physical Education , had married and would not return to Centre , and recomnended that r.ass Elton Dalier be elected in her place provided , after having an interyiew with her , Dr . Hewlett finds she is satisfactory . (Miss Dalier did not accept the nosition because of ill health) Dr. Hewlett recor1mended that. Mrs . Mary H. Cord's salary be increased by $15 . 00 a month for the nine months beginning September 1 , 1943, so that her salary wil l be $75 . 00 a month for nine months. plus room and board for that period . This recommendation was approved. Dr . Hewlett reconnnended that Mrs . s. C. Ketchin be appointed to serve as hostess in est Hall at a salary of ~300 . 00 plus room and board for the nine months ' session beginning Septeri.ber 1 , 1943. This recommendation was approved. Moved , seconded , and carried that the Chairnan of the Executive Committee ap"9oint a committee of three to study the proposals of the Business Manager with reference to the work of that office und that this committee reoort within the next three or four days to a special call ed n.1.eeting of the Executive Committee . The committee anpointed was - Dr . J. R. Cowa n , Chair.nan , lr . George A. MC! oberts , and Mr . Logan Caldwell . The Committee adjourned . ~ Danville , Kentucky August 7, 1943 There was a called meeting of the Executive Committee of the Board of Trustees of Centre College held on the above date at 4 : 00 P . M The meeting was ooened . with prayer by Mr . 1fallis . Acting President James H. Hewlett and the fol owing Trustees were present : 1essrs . 1 cRoberts , Lanier , ilallis , Miles , ,lachs , Rodes , and Sutcliffe . In the absence of Dr . Cowan , Mr . !:>utcliffe was asked to act as Secret ...ry . This meeting was called to hear the report of the special committee appointed at the lust meeting by the Chainnan of the Executive Committee to study and formu ate the duties of the Business Manager of Centre College . The report of this committee and its reco;-.unendations follow : Report of a corn.mittee appointed by the Chairman of the Executive Committee to study and formulate the duties of the Business Manager of Centre College . We recommend the following items : (1) The Business Manager shall a s sist the President in the preoaration of the College budget . The President of the College , the Business Manager , and the Superintendent of Buildings and Grounds in order to expedi te the work of the Cornmi tt e e on Buildings and Grounds should have ready a survey of all necessary repairs and improvements of both buildings and grounds , with estimated costs , early in the spring and this survey should be based upon their intimate contact with the conditions on both camouses and should represent the combined judgment of these three officers . This survey should be nresented to the �17 . Committee on Btlildings and Grounds for their information , who should have the benefit of free discussion wi tr· these three officers . I t is presumed that the Buildings-and Grounds Committ ee will Dresent the final pro-oosal for repairs and improver<1ents , with estirnate1 costs , to the Executive Committee . As a result of this procedure a bud.get would be set up for the Department of .Buildings and Grounds as for other Departments in the Coll ege and become an integral part of the annuHl College budget . The administration and control of this College budget should be the duty of the Business Manager . (2) The Eusiness Manager shall have charge of College accounting and the preparation of finuncial reports of the activities of his office. (3) The Business .ianager shall have charge of the collection of income from tuition , board , lodging , student fees , and such rentals and other collections as the Treasurer may delegate to him. (4) The Business Manager shall have charge of and be responsible for the disbursement of the College income in the operation of tre CoUe ge and shall require prooer requisi t.ions in 'l1aking purchases for the various Denartrnents of the College. ( 5) The Business ,1 anager et present has control of purchasing , c.nd we recommend that this be continued with reference to the preceding i tern. (6) 1ie recommend that the Business anager and the Superintenrt.ent of Buildings and Grounds set up a stock room for the Department of Buildings and Grounds b'Uch as has been set up for the dining hall on the men •·s campus from wricb nothing would be taken without a requisition . 'I1hen the Business Manager and the College would always know what supplies we have on hand and how much we are spending from day to· day . l~ll purchasing would be done through the office of the Business Manager . I t would not be necessa.ry , of course , to keep this supnly room open for more than an hour each day . Mr . Meyer and fr . Steiger have tal ked this matter over already and have agreed to set up this stock room as here suggested. (7) The Business Manager shall keep an up-to-nate inventory of College property and shall administer and have charge of the bookstores on both campuses , as well as the management of residences and dining halls . (~) The management of the ph:.rsical plan.t of the institution involv.es the supervision and control of the janit.ors on bo.th carnouses . I t is our opinion that the janitors em)loyed should be responsible to one person and one person alone . l3ince the major part of their work is under the supervision of the ~uperintendent of Buildings and Grounds• we believe that the janitors should be under the superv1s1-0n of Mr . Steiger and that he b.e charged with the responsibility of overseeing their work. It is the opinion of ?OUr comP1 ittee that , al though there may be some conflict and some overlapping of the duties end responsibilities of some of •the of- icers of administration , all of these can be worked out t o the f best interest of the institution throu,I;h the friendly cooperation and exchange of ideas between the President , the Business Manager , and the l:>uperintendent of Buildings and Grounds . (9) Your cornmi ttee sug.e:ests that the Business Manage r be req:uested to be present at the regul ar meetings of the .Board of 'l1rus te es and of the Executive Committee during al l discussions pertaining to matters which directly concern h is office duties and ~~esnonsibilities , -and that it be communicated to him that the Trustees will welcome any constructive ideas and suggestions that he may have to offer for the greater efficiency of the operation of Centre College . �18 I n the management of the institution the President of the College is the executive representative of the Board of Trustees and it is his prerogative and duty to secure t l e cooperative effort of the entire personnel . 0 Respectfully submitted , J . R. Covran, Chairman George A. McRobert s Logan Ce,ldwell The Committee adjourned , after having E nvi l le , Kentucky ~eptember 21 , 1943 The Executive Committee of the Board of Trustees of Centre College met on the above date at 2 : 30 P . M. The meeting was opened with prayer by Mr . Rodes. Acting President Hewlett and the following trustees were present : Messrs . Wiseman , L. Caldwell , Rodes , McRoberts , and Cowan. The minutes of the meeting of August 3, 1943 , were approved for record with one correction which has been made . The minutes of the meeting of .kugust 7, 1943 , v1ere approved for record. Mr . Rodes reported on the Fayette County .lfarm , statii1g that the combination dairy and stock barn recently burned and would require at leP st $750 . 00 pl us .• the insurance to replace . He further stated that the tenant., Mr . Downing , asked for a 20 year lease at ~400 . 00 per year for the first ten_ years and $450.0 per year for the last. ten years , tW.s 1 e~se to begin in 1943 and include the unexpired three years of his present ten year lease , and Mr . Downing to replace the barn with a barn to cost no less than $1 , 500. 00 and carry fire and windstorm insurance on the buildings - $1 1 000 . 00 on the . barn and $1 , 500. 00 on the residence . I t was the sense of the Committee that the lease should be made on the above terms for ten years , or for 20 years to expire at the death of the present leasee, and the rental be $400. 00 per year for the three years of unexpire~ lease and $450 . 00 per year beginning 1946. Messrs . Rodes and Cal dwell were .aopointed a committee to negotiate with Mr . Downing . J Moved , seconded , and carri ed that 'fle advise the City of Danville that the vacant lot adjoining the Woman 1 s College campus and lying north of the residences occupied by Mrs . R. G. Evans and Mr . J . J . Steiger is not tor sale. President Hewlett read a letter from the Metallurgical Laboratory of the Universi t y of Chicago which was very complimentary to Dr . R. I . Rush and which asked that the College grant him leave to engage in imnortant rese Rrch work connected with the war nrogram . The Cor,11ni ttee expressed its appreci u tion of the honor that had thus come to Dr . Rush and to Qentre College and regretted that under the circumstances Dr . Rush and the College could not accept the invitation. President Hewlett reported a civi lian enrollment of 33 men and 107 women for the semester which opened on September 17. He also reported a full unit of 450 Army Air Corps students in training on the campus of the College for Men . 1 �19 Since Miss Dalier could not accept the uosi tion , President Hewlett recommended that Miss .Elizabeth Reed be employed as Instructor of Physical Education for the academic year 1943-44 at a salary of $1 , 300 .00 for nine months . This recommendation was approved . Motion carried to order the installation of an automatic cut-off for the stoker for Old Centr e and Hillcrest if Mr . Nevin I s office approves the proposition submitted by Johnson ~ervice Company. The Committee adjourned. Danville , Kentucky October 29 , 1943 The annual fall meeting of the Board of Trustees of Centre College was held at Old Centre on the above date at 10 A.M. The meeting was called to order by the Chairman, J . R. Cowan, and was opened with prayer by Dr . Peter H. Pleune . The Secretary , l!l'ede:rick A. ', 'lallis , called the roll . Acting President James H. Hewlett and the following Trustees were present : J . • Cowan, Charles 1/. Welch, Robert H. Miles , Elbert Gary Sutcliffe, George A. Joplin , Jr., Frank H. Caldwell, Peter H. Pleune , J. E. 1/iseman, Logan Caldwell, Hugh L. Nevin , I ke Lanier , Jesse Herrmann, Nel son D. Rodes , l!,red B. 1/achs , and Frederick A. 'Tallis . Messages were received from absent members expressing regret that they could not be present . The ~ecretary read a letter from Dr . ,Im . I . Laird , in which was enclosed a check for $500. 00 , and was requested to write an appropriate letter to Dr. Laird thanking him in the name of the .Board for his letter and for this gift to the College. The minutes of the meeting of the Board held on May 22 , 194 3, were read and approved fo r record. Mr . I rvine Fox , a notary public in &nd for Boyle County, being present the oath of office was administered to George A. Joplin , J r . who had been elected to the Board on May 22 , 1943. Dr . James H. Hewlett read his reuort as Acting President from December 1942 to the present time . This reoort was received and ordered filerl and the Chairman &opointed Dr . Herrmann a.nd l)r . Cladwell a com.mittee to consider the President 1 s • eoort and make a report and recommendations at the afternoon session. r . Nelson D.... odes uresented his report as Treasurer of the College , which was received and ordered filed . Mr . ,iachs and Mr . Nevin were appointed a committee to consider this reuort and ~ake a report at the afternoon session. M•r . Rodes read the following letter from Mrs . J. A. Cheek , and the t>ecreta.ry was asked to write an a.Dpropriate letter thanking her in the name of the Board for her gift . 11 Dc1.nville , Kentucky October 19 , 1943 Board of Trustees of Centre College Danville , Kentucky Gentler-1en: .:,hortly before ;' is dehth in 1933 ray husbund , r . J . A. Cheek, gave to Centre �20 College ;i,10 , 000 represented 1:)y ten $1 , 000 bonds of Kentucky College for "o'"len and secured by rnort 6 age on the cHnpus of the \'101,1an 1 s College . This fund established the Ann Frances Cheek scholarships in memory of the mother of my husband . I have learner!. that the income from this scholarshio fund , al tho'J.gh adequate to -oay the tuition of the recipients of the scholarships , is not sufficient to pay the student fees of such recipients , and I now deliver to vou $1 , 000 in U. j . Javings bonds , Beries F, issued in the name of Centre College of Kentucky, and this will su.pplenent the gift made by my husband as stated above . .:>hould the income fro:n the endowment of the Ann Frances Cheek scholarships not be sufficient , at any time , to pay tne scholars I tuition , then I want the tuition paid first, but if such income as supplemented by my g ift is sufficient to provid8 also the schol«r I student fees, th en I desire tna.t such fees also be provided. Yours very sincerely , Mr . Herbert A. Meyer presented. his tv,elfth annuo.l renrrt as Business HanHger; this re):)ort being for + ,he fiscEcl year ending June 30 , 1943. On motion the renort WHS receivei and ordered filed , and 11 essrs . :::iutcliffe and Lanier were appointeri a committee to consider the Business .tanager I s report and reoort back to-the Board at the afternoon session. The Board then adjourned for luncheon , which was served at the College for ,lomen by the Denartment of Hone iliconomi cs . The Board reassembled at 2 : 00 P . !. t, otion was 11ade and carried that Centre College subscribe $500 . 00 to the Boyle County ,var iu.nd nt this time , to be paid out of the general income of the College , with the underst&.n11.ing that this h an exception to the e:;;tablished prf,ctice of the College and the subscription is r'lade because of the wnr emer 6 ency . Messrs . Edgar Newlin , Norris A~~strong , snd S. B. Jones , a committee from the Board of Directors of the Alumni Association , appeared before the ~oard and expre5sed the interest of that AssocL,1.tion in the whole nrogram. of the College , ancl especially in the possibility of setting up a penbion pl:.,n for the faculty and in the future athletic and heul th program at Centre . Mr . Newlin , representing this committee , made the following requests : :l!'ir~t . that the Board of Trustees ap-aoint a comrni ttee to ueet with a cori1.r:1i ttee fro'.ll. the Alumni Association to study a pension plan for the facul ty•of Centre College and report back to this Board at the spring meeting; and , second , that the :Board of Trµstees appoint a representative of the College .to contact other institutions and ascertain wha•t they are planning for the post-war era , and that the Alumni Association be permitted to send along with the College representative a re~resentative of the Alumni Association .to .share in the benefit of information discovere.d . The Chainnan expressed the thanks of the Board for the i~terest of the Alumni Association , and asked that they n0r1e their representative for this study of post-war planning. Moved , that the Budget Committee be asked to go over the nroposed bun.get and make a re1")ort at the next neeting of the Executive Committee , and moved further , that after the.budget has been adopted by the Executive Committee a copy be sent to each member of the Board. Motion carried. l �21 #2 might bring in nominations for the two existing vacancies on the Board of Trustees . A recess of f.ive minutes was declared in order that Comr:li ttees #1 and Cormi ttee #1 reported that nomination for election of Ir . Robert L . Myers , Cl ass of 1907 , to fill the vacancy caused by the resignation of Dr . Horace Cady ,alson , which nomination was , on motion , approved . Committee #2 reported that while that Committee was worki.ng on the matter of a trustee to fill the vacancy caused by the death of Mr . t.Hbney Oscar Letcher , it was not ready at this time to make a nomination but hoped to do so a t the spring meeting of the Board . Mr . Enos Swain , Alumni Secretary , made a brief report on th~ pro gress to date of the Third Annual Alumni ~\ind drive , which opened on September 20 and will close on December 11 .. On the whole , the progress of this drive was considered satisfactory under the present world conditions . Dr . Herrmann, reporting for the special com'7ittee on the President 1 s Report presented ,the following repo rt and recor:unendations wbich were anproved; Your special comCTittee on the Report of the Acting President wishes first of al 1 to express its .hi~ appreciation of the _thoroughness and statemanlike way in which this report has been composed and presented to the Board , and to commend Acting President James H. Hewlett on the general effectiveness of his administration of the institution. · /ith respect to the specific matters in t h is report which seem to your committee , to require action by the Board , we present the following recommendations : 1. That for the academic year 1943-l+l+ the following increases in salaries be made : Professor C. ~ . Allen . $250 . 00 ; Dr . Charles Leese , $250 . 00 ; Dr . J. Proctor Knott , $125 . 00 • . 2 . That the program for the celebration of the 125th anniversary of tre founding of Centre as presented by President Hewlett be approved. 3. That it be the poli qr of the Bob.rd not to penni t the uee of the swimming pool at the Coll ege for Women by outside parties . 4. That the non- confidential narts of President Hewlett's report be referred to the Alum'li ;;iecretary with the view to his giving the substance of this report as wide publicity among the alur~ni as possible . 5. That the Board maintain a Department of .Ancient Lang'llages which shall be headed up by a man on this campus , but that at this time we deem it unwise to make any definite comr1itments regarding faculty personnel in this Department"'*(below) is to be operated in the two uni ts of the College . 6. That the Board aonrove the awarding of the A. B. degree to Richard Fulton Simpson as recommended by the President and the Faculty , it being understood that this is done as a war time measure and is not to be construed as a viol a ti on of tlae gen·e ral academic procedure in such matters . 7. That the Board register its profound interest in the post-war probl ems and opportunities mentioned in the President ' s report and that these be referred to the Executive Comni ttee for serious consideration and a pp ropriate action. Frank H. Caldwell J esse Herrmann ••or the manner in which this Dea:!)rtment �22 T~ (Copy of Lott e r to Chaplain Robert L . UcLeod, Jr . from Dr . J . R. Cowan) 11 0ctober 29 , 1943 Chaplain Bobert L . McLeod , Jr . Navy Department ,· Bureau of Naval Personnel Arlington Annex 1ashington , D. C. The Board of Trustees in session October 29 send you its heartiest greetings and best wishes for the success of ·,our splendid s.ervice in the military forces , with the earnest hope that circumst a nces requiring your absence may be speedily terminated . Chairman 11 • On motion the Board adjourned . Frederick A. ,/allis , Secretary ( Copy of letter from Dr . R. L. McLeod , Jr . to Dr . J . R. Cowan ) 1 November 1943 Dr . J . R. Cowa n , President , :Bo.-.rd of Trustees , Centre College , Danville , Kentucky My dear -Dr . Cowan : I wi sh to e:>..-press t o you and the Board of Trustees my very deep anpreciation of your remembrance of ne on the occasion of your recent board meeting. I trust that a most successful and encouraging meeti:1¥; was experienced by all who attended. I t is unnecessary to say that it would have been a great job to be with you . Most assuredly , I join with you in the earnest hope that this war will be speedily terminated . I fear , however , that it will be of longer duration than many of us realize . My duties keep me very busy , and yet I often f eel indebted to Centre . Colle ge for the fine experience which makes possible the fulfillment of the duties to which I am assigned by our Navy . Again I thank each of you , and with kindest personal regards I am , Yours very truly , Robert L. McLeod , Jr . Lieutenant , ChC , USlIB. �Mr. Wachs re~orting for the special committee on the Treasurer's report , submitted the following recommendations , which were approved: 1. That , according to the Treasurer's suggestion, a semi-annual examination of the College books be made. 2. That the College portfolio of investments be again examined by experts . 3. That a more detailed report on the Evans estate be given , and that this information be given in an informal way at this meeting, and in the future included in the annual report . 4. That reference be made in some financial report on the status of the President .' s Development program. The following brief report was then made by Mr. Enos Swain , Alumni Secretary, who has charge of collections for the President ' s Development Program: Mr. Swain reported that $32, 254. 66 had been received from the Danville canpaign of the Danville campaign of the President I s Development Program from the time of its inception to this date. He reported the total pledges to the campaign as announced was $68, 237058, of which $26,000. 00 was represented in the form of bequests , real estate gifts, and insurance policies , leaving $42, 237. 58 as the total cash pledges , of which the above $32, 254. 66 bas been received. Mr. Sutcliffe, representing the special committee to study the Business Manager's report , made a verbal report in which he said the report was well presented by Mr. Meyer and he felt it unnecessary for him to go into further details. After discussion, motion carried that the three reports - that of the Acting President , the Treasurer , and the Business Manager - be mailed to the absent members of the :Board. The following telegram was sent to Chaplain Robert L. McLeod, Jr. : {H1.\e ... ~) �., �22 Danville , Kentucky Novembe r 11 , 1943 The Executive Cor.1mittee of the Bo,xd of Trustees of Centr.e Col lege me~ on the above date at 2 : 30 P . ,f . The meeting vras opened with pra;'\'er by Mr . Frederick A. ,fa.llis . Acting President Jam es H. Hewlett and the following Trustees were present : Messrs. McRoberts , Sutcliffe , Rodes , 1falli s , L. Caldwell, and Cowan. Moved, seconded , and carried that after the conclusion of business this meeting be adjourned to meet 1!'riday , November 19 , 1943 , at 2 : 30 P . H. Moved , seconded , and carried that the College will guarantee $600 . 00 for the Artist Series for 1944-1945. Moved , seconded , and carried that Dr . .. . lJ . Gilliam be made Associate Professor of History at a oost- war salary of $2 , 400 per year , and also :Jean of ,!en u.t a salary of $250 . 00 per year . (See change in this action in minutes of the meeti ng of November 19 , 1943. ) The Commit tee adjourned to E1eet Friday, November 19 , a t 2:30 P . 1. Danville , Kentucky Novernber 19, 1943 The adjourned meeting of the Executive Committee of November 11 , 1943 , was held on the above date at 2 : 30 P •• The meeting was opened with prayer by Dr . James H. Hewlett . Present : Acting President Hewlett , Messrs. ,iisecaan, L. Caldwell , Sutcliffe , Rodes , and Cowan • .The meeting of November 11 , 194 3, was adjourned to secure a larger attendance for the tr~nsaction of important business . The minutes of the meeting of November record with one change as follows : 11 , 1943, were read and aunroved for Moved by Mr . Sutcliffe , seconded by Mr . Wiseman , that the action of thi a Committee at the meeting of Novanber 11 , 1943, making Dr . W D. Gilliam As. sociate Professor of History at a post-war salary of $2 , 400 . 00 per yeer and Dean of Men at a post-war salary of $250. 00 per year be changed . to rea as follows : 11 That Dr . 1,1 . D. Gilliam be .made .Associate rofessor of History at a post-war s~lary of $2 , 400 . 00 per :rear and Acting Dea.11 of Men at a post-war salary of $250 . 00 per year . 11 The reason for this change of the action taken at the meeting of Nov~nber 11, 1943 , is that this Commit tee feels that the office of Dean of ~ en should not be perr·,anently filled in the absence of a President of the College . Dr. Hewlett concurs in triis feeling . On motion , Mr . Nelson D. Rodes and l. r . Logan Caldwell were anpointed a cor:1:1ittee to mee t with a committee from the Alumni Association to study a pension plan for the faculty of Centre College . At the meet i ng of the Board of Trustees on October 29 , 1943 , a committee from the Boc:rd of Directors of the Alumni Association requested that such a committee be appointed . Motion made and carried that Dr. Hewlett and Mr . Logan Caldwel 1 make arrangements to confer with the President of the University of the South (Sevranee) to learn in detidl about certain nlans the. resident of that institution has proposed for inter-colleg i ate athletics in the post-war era , with the hope that �24 if these plans are acceptable to Centre College this institution may join v.rith the University of the ;,outh in organizi ng a group of colle ges who would accept the Sewanee plans and engage in inter-collegiate athletics under them after the war . foved , seconded , and carried that Miss I sabel Caldwell be granted a leave of absence of two or three months at half-salary , beginning December 1 , 1943. On motion , the Committee adjourned . Danville , entucky December 14 , 1943 The Executive Committee of the Boe.rd of Trustees of Centre College met a t 2:00 P • • on the above date in the President 1 s office . Present : Messrs . McRoberts , Rodes , '1 lachs , Jutcliffe, L. Cal dwe ll , Herrmann , Miles , and Cowan. oved , seconded , and carried that a certain portion of the minutes of the meeting of the Dxecutive Co:;'l!l1 ittee of November 19 , 1943 , be deleted in entirety. Ioved , seconded , and carried that the report of ir. Rodes and l)r . Miles constituting the committee sent to Washington to interview Dr . UcLeod be received. Moved , seconded , and carried that the action of the Executive Committee of May; 22 , 1943 , be amended and the word 11 bonds •1 be inserted i mmediatel;ir after the ' 1Jhrase 11 and endorse for tri:.:.nsf er . 11 On motion , the Comrii ttee adjourned to meet at the call of the Chairman. J. Rice Cowan , Secretary ~~ December 28 , 1943 The Executive Comni ttee of the Board of Trustees met on the above date b.t 2 : 30 P. M Those present were.Acting President Hewlett and Messrs . Cowan , . McRoberts , L . CaldVTell, and Rodes . Acting President Hewlett recoi:unended that the college run its regular summer school in 1944. I t was moved , seconded , and carried that this recommendation be approved . The salary of Mr . \{ . L. Owens , night watchrian at the College for Women , wc1.s increased from $18 . 00 to $20 . 00 a week on the recommendation of Mr . J. J . Steiger , ~uperintendent of Buildings and Grounds , and on the approval of Acting President Hewlett . The followin,g a ction was taken by the Executive Committee : 11 The Executive Committee of Centre College wishes to express its sincere appreciation of the fine character of service that Dr . J ames H. Hewlett has rendered as Acting President of Centre College. I t was at our re que st that Dr . Hewlett assumed the duties of Acting Presic'lent . ,le realize that Dr . Hewlett should not in any way be prejudiced in his relationships with Centre College by reason of any action or judgement he has taken or f ormed while in the exercise of the �25 of the functions of the presidency of C ntre College, and we now pledge to Dr . Hewlett our su1?port in h is every effort as President of Centre . The meeting adjonrned . J. R. Cowan, Secretary The Executive Committee of Centre College wishes to express its sincere aupreciation of the fine character of service that Dr . James H. Hewlett has rendered as Acting President of Centre College . I t was , at our r ec,uest , thE.. t Dr . Hewlett assumed the dnti es of Acting President . 11e realize that Dr . Hewlett should not in any way be pre,judi ced in h is relationships with Centre College by reason of a ny action or juti@:nent he has taken or formed while in the exercise of the functions of the supoort in his every effort as Pre~ident of Centre. (~igned by the following who were the only members present at the meeting on Decernber 23 , 1943. ) ( o meet i ng in J enuary , Nelson D. Rodes (7,,,/)~ J . R. Cowan ~f\(o~ George McRobert ~ - · / _j / ,./,. JL? Logan Caldwell ~-/ ,c..- ~-~ 1944) Danville , Kentucky February 23 , 1944 The :hlxecutive Committee of the Board of Trus tee s of Centre College me.t at 2: 30 P . i • . in the office of the President .• Present were Messrs . Wallis , L. Caldwell, Rodes , fcB.oberts , Cowan. and Acting President Hewlett. The meeting was opened with prayer by Mr . Hallis . The minutes of the meeting of December 28 , 1943 were read and approved. A letter of January 21 , 1944, from Dr . l!~ank H. Caldwell to Mr . Nelson Rodes was read . This letter contained many valuable suggestions for the po st-wa r olans for the College . Moved, seconded , and carried that the Executive Committee reaff i rm its approval of the set of standards for Colleges affiliated with the Presbyterian Church which was adopted by the Board of Christian Education , Presbyterian Church, U. s. A., April 28 , 1943. This set of standards is made a pa:rt of these minutes a nd recorded in the minute book. Moved , seconded, and carried that Dr . Hewlett write a resolution of thanks to Mrs . Louis .Bryant for her gift of some pictures to th College. Moved, seconded , and carried that Dr. Hewlett Mary Sweeney as Acting Dean of :,omen, and , if all teaching , and that he is emoowered to fix does not acce~t the position that Dr. Hewlett of Women. be authorized to employ 1 iss necessary , to release her from her salary and if Miss .;;,weeney is authorized to employ a Dean Moved , seconded , and carried that Dr. Hewlett express to the Beta Fraternity our synpathy and interest in their pla.n to build a house on the campus . On the reconnnendation of the Acting President it was moved , seconded , and carried that Dr . Robert 11. Miles be asked to deliver the Baccalaureate sermon �26 and that Dr . Guy E. Snavely , the Executive Secretary of the .association of American. Colleges , be asked to r:iake the Commencement address . Moved , seconded , and carried that for the student~ at the College for Women the following changes be made at the beginning of the next session: Room for the scholastic year , $125 . 00 , a nd Board $275 . 00 . Acting President Hewlett announced the following resignations : J . H. Biles , professor of Mathematics ; Miss Jane L . Hi chards, Dean of Homen ; Miss I sabel Cal dwell., Secretary to the President , and al so inrli cated that in the future it might be that both M.r . Enos Swain and Mr . Richard Warner would be called by their draft boards , though an effort was being made to hold them at the College long as possible. Acting President Hewlett read Mrs . Nell H. Allen 1 s letter in which she requested an increase in her salary. No action was taken ~t this meeting. The meeting adjourned at 5: 20 P .M. SET 01'' ;:,TAIIDluillS for Colleges affiliated with the Presbvterian Church Adouted by the :Board of Christian Education , Presbyterian Church , U. S. A. April 28 , 1943 1. The College shall adopt a statement of purpose clearly defining its status as a Christian College.. This statement of purpose shall be included in the stat ement of ins ti tutiona.l purpose in the official college catalogue and shall furthermore indicate tha,t the co.Hege is affiliated with the Presb~rterian Church U. S . A. 2. I t shall be the declared policy of the college to employ as regt1lar members of the faculty only men .and wome11 who are active members in good standing of some evangeli cal Christian church which affirms its loyB;l ty to Jesus Christ as the Devi ne Lord and ~avior . The Boai:d does not rule that this action is to affect facultv r'lembers already employed . 3. The college shall provide courses in biblical studies and shall require at least one such course for graduation. 4. The college shall submit annually to the Boord of Chriiti~ Education complete financial information for the ye::rr on forms sup7lied by the Board , and shall have an annual audit made by a certified public accountant . It is further recommended that the statements contained in the accoun~ant I s renort shall confonn with the accounting principles applicable to institutions of higher education . 5. The college shall be officially and fully accredi te1 by the regional a ccrediting agency. If not :-.,o accredited , it shall be specifically approved by the .Board of Criristian .Education uuon recommendation of an exqrnining comr,1i ttee consisting of the Presio.ent of the Presbyteriun College Union , two other me:1bers of the Presbyterian Co:lege Union , elected by the Nexus Committe~ of that doby , .three members of the Boartl of Christi an Education, end the Director of the Departnent of College . �27 . RE~OLUTI01~ti Ol'J ~.!Il:iS I LlABEL CALD\l:illLL Be it re sol. ved that Ii ss I sabel Cal dweJ.1 1 s resh;nation is received with regret and that we express our deep appreciation of her long and fHi thful_ service to Centre CoUege ; that .we sincerely hope that the trouble with her arm which caused her resignation will in tine be corrected ; that she has always been willing to give more than was requested of her .und worked in a soiri t of cooperation and good will with the entire personnel of the college ; and that we shall mi ss her and extend to her our very best wishes always . Danville , Kentucky March 21 , 1944 The Executive Cormnittee of the Board of Trustees of Centre College 1:iet on the above date at 2: 30 P . M. The meeting was opened .wi.th prayer by Ar . dallis . Acting President Hewlett and the follo~'ling trustees were present : Messrs . Rodes , L . Caldwell , Wallis, Cowan , and McRoberts . The minutes of the r:1eeting of 1 )j ebrua.ry 23 , 1944 were read and aonroved . fr . rlodes made a report on his recent visit in the ~ast , including a resmne of his conversations rli th the ,. ssi stant to the President of Haverford Co lege and with Mr . . ann of the General Education .Bol:lrd of the Rockefeller ioundation . He also reported his conference with Mr . George F. Lee and , r . Barnes and his associates of the U . :;i. Trust Compan? of New York , and ;cead their report s~gesting changes in the investments of the College . foved, second.ed , and carried that the Chairman of the :illxecutive Camm i ttee call a special meeting of the Committee for Tuesday , Anril 4 , 19l+lt , at 2 : 30 P . M. for the transaction of irnport,rnt business . foved , second.,;;!d , tnd carried that the Cornii1ittee approves the list of names of candidates for .alumni Trustee . The names are c1s folloVls : George F . Lee 109 ; Andrew Broaddus 1 24 ; J. T. Metcru.f 11], ; Virgil Kinnaird 112; Hunter Coleaan 114; R . S, Dulin 1 38 ; .Robert E. ilallace 1 26 ; .;itanley Dickf;on 117 ; and Robert H. Trimble 113. Moved , seconded , and carried that Mr . :Bc.;.rnes be sent u check for $300 . 00 for his services in giving financial advice and a letter of thanks to Mr . George F. Lee . Moved , seconded , and carried that the College pay $300 . 00 for sending faculty mer.1.bers to the Chicago University 'Nork Bhop . Moved , seconded, and carried that the fol l owing resolutions on the resignations .of Professor J • .H. Bil es , Hiss Jane Leighton ichard.s , and Miss I sabel Caldwell be adooted and filed "i th these minutes . (The resolutions are ap9ended to the;e minutes . ) Moved , seconded , and carried that in adjustment of Miss Richards I salary, she return to the college $382. 00 because she is.leaving the emoloyment of the College two months before the end of the year. oved , seconded , and carried thet Miss ~meeney · (Mary) be elected Acting Dean of 1/omen at a salary of .$2100 for eleven months , plus room and board. L �28 On motion , Dr . Hewlett was re quested to get from Professor Wilbur Cook a written statement of the status of his work toward a Ph . D, degree and a statement of the definite time when he will successfully complete this work . Tnis action was taken in line with the adopted policy of the College requiring the he ds of departments to have the Ph . D. degree . The Cammi ttee ad,journed . Danville , Kentucky April 4, 1944 The Executive Committee of the Board of Trustees of Centre College above date a t 2:30 P . M. The meeting was opened .with urayer by Hr. Acting President Hewlett and the following trustees were nresent : Wallis , L. Caldwel 1 , Lanier , Sut cliff.e , Rodes , McRoberts , Wiseman , met on the \Vallis . Messrs . and Cowan. •The minutes of the neeting of March 21 were read and were corrected so that the words ''during the year 19l.J.4 11 were inserted directly after the words 11 for his services in giving financial advice . 11 Moved , seconded , and carried that the President write to Dr . W B. Guerrant to . say that ,we do not care to retain Dr . Steffey and ask if he can take him for Aust in College. Dr . Hewlett was asked to give the probable financial situation at the College after the Detachr1ent 1 eaves June 30 and the probable f aculty budget for next year . The action of the Army Air J:!'orces in terminating their contract June 30 , 1941+, was brought to the attention of the Committee . The crisis thereby precinitated and its implications were fully recogni7.ed and the fol lowing resolution was unanimously adopted and copies were ordered sent to Dr . Herrmann , Dr . Miles , and Mr . \ achs . 11'hereas , the action of the Anny Air Jforces in declaring the tenninat ion of their contract on June 30 , 1944 , has been officially cormnunicated to the Executive Comr:ii ttee , now be it r esolved : (1) That this Commi ttee recognizes that a crisis in the affairs.of the College has thereby been precinitated; (2) That in this critical period we feel that it is of the utmost importance that the College have on the carnnus a President ; (3) That a committee consisting of Mr . Rodes , Mr • .Wallis , and Mr . Wachs be sent to confer with Dr . 1 cLeod and inform him of our situation and to ask that he return to his office of President in the immediate future . , Moved , seconded , and carried that the next meeting of the Executive Committee be held on April 21 , 1944. The Comnit tee adjourned . ~ Cowan , Secretary �Danville , Kentucky April 21, 1944 29 The Executive Comnittee of the Board of Trustees of Centre College met on the above date at 2: 30 P. M. The meeting was opened with prayer by Mr , Rodes . Acting President Hewlett and the following trustees were present : Mes:;;rs . 1/allis , L. Caldw ell, Lanier , nodes , McRoberts , iiisernan and Cowan. The Committee on Honor ary Degrees made the following report which on motion duly sec~nded and carried was accepted by the Executive Committee : The Commit tee on Honorary Degrees met on April 4 a t 1:30 . After some discussion of those whose names had been brought before the Committee the following motion wa s passed: The Comr:iittee on Honorary Degrees recommends that Hadiso n Lee, Su.perintenn.ent of the Kentucky School for the Deaf , be given the LL. D degree and that the degree be conferred a t t•he first Commencement when honorary degrees are given . It furthe r recorn:nends that because of war conditions no honorary degrees be conferred at the Comnencenent in May , 1944. Elbert Gary Sutcliffe J ames H. Hewlett J. R. Cowan Moved , seconded , and carried that the resignation of Mr . Enos Swain , Alumni Secretary , be accepted with exuression of regret for .the loss of his valuable services . Resolved that the Treasurer write a suitable acknowledgnent to the Jecond Presbyterian Church of Lexington , Kentucky for their gift of $50 . 00 , received through the General Education Bourd of the Presbyterian Church . Dr . Hewlett was authorized to emnloy Dr . 1 • D. Gilliam during this emergency to do the work 1 r . ~wain has been doing with the 1.mdt::rstending that he would teach one class if he desired to do so and perform the few duties that mif',ht be necessary as Dean of Men. He was also authori:zed to retain Mr . Clarence Heffelfinger on the fact.tlty 1•t his regular salt.ry to teach courses in socioloey 1'➔ !ld economics . If l r . Heffelfin ger taught only four courses he We.s to understand ';hat h e may be cal led on to give extra time to nromotion work for the college. The Board av ilable classroom are three was notified that the services of two of the faculty might be at least for Part-time to assist the college in matters other than work . -This Board recognizes that at this uarticular juncture there very important problems that now confront our college : 1fe --iust continue the solendid work that has been done in inaur:nrnting the Cent re Al urnni l!und . 1. 2 . ,le recog i?.e that the nresent is a wonderful op11ortunity to increase the financial re sources of Centre Coll ege by gifts from those interested in our college . 3. de think that the present is an excellent time to begin a far ri1ore comprehensive plan of student enrollment than we have ever had before. I t is the opinion of this Board that the boy or girl ann. their pi rents should be contacted in grammer school when the prospective student is between ten and L �30 fourteen years old and that we should have from many of the counties of Kentucky a good 1 ist of boys and g irls from families who can pay for the sturlent I s eilucation, P.nd that the oarents of these prospective students shoul·d be visited by represent atives of the coll.ege in an endeavor to begin an association of that fo:-nily looking forward to their sor or daughter becoming a ~tudent at Centre College. As requested by the Executive Committee , Acting President Hewlett , with the help of r . Meyer , submitted a tentative budget for next y ear . As set up at present , this tentative budget shows a deficit of less than $1 , 000 . 00 . I t does not , however , incl ude any salaries e i ther for the .Acting reaj_dent or for the ?resident of the College , and retains all faculty members at the salaries they had before the war . The Committee adjourned. ~ Secretary Danville , Kentucky ?vfay 8 , 1944 The Exect,tive Comnittee _of the Board of Trustees of Centre College me t on the above date at 2 : 00 P . M. The meeting was opened with prayer by Mr . Wallis . Acting President Hewlett and the following trustees wer~ present: Messrs . 1/allis , L. Cal dwell , Hodes , \'iisanan , Sutcliffe , and cRoberts . The r:1inute.s of the mee tings of April 4 and .April 21 were read and approved after making the following corrections in the minutes of the meeting of April .21 : I nsert after the nar1e of Madison Lee the date cf his class , which was Cha nge in paragraph college education. 11 #3 on Page 2 11 student 1 s educatio:q 11 to read 11 09. 1 student 1 s Mr . Rodes ;;ind Mr . 1/allis made their report on their trip to Hashington with fr . ,fachs . oved , of the May 18 of May seconded , and car rieg. class of 1905 to meet and that a meeting of 13 at 6: 30 o ' clock in that Centre College invite Dr . Robert i cMullen with the Executive Committee on the evening of the Executive Committee be called for the night the home of Mr . Rodes . On the recommendation of Acting President Hewlett , Dr . v(il bur J . Robinson wv.s elected. nrofessor and head of the Department of Mathanatics at a eala:ry of $3 , 000 . 00 for nine months , his work to begin with the oy>ening of the fall i:;ession. Dr . Hewlett reported that Dr . Gilliam desired to do some kind of teaching a t the college rather than a ccept the temporary nosi tion in the .Alumni Qffice heretofore held by Mr . Enos Swain . He will , in all probability , teach two courses in sociology , a course in history , and any other cours~s for which there is a demand and which he is prepared to teach . Dr . Hewlett also reuorted , however , that Mr . Heffelfinger would be willing to accept the place ~n the Alumni .office provided bis selection would meet with the aoproval , not only of the Executive Comrni ttee , but of the Boa.rd of Directors of the Alumni Association. �31 Mr . Rodes was authori·zed to offer the Evans farm to Mr . 'i/hi te at _ _ _ __ price . The meeting adjourned. l!M!s-4%-W Acting ~ecre~ ;i(in the absence of Dr . Cowan) Danville , Kentucky Mey 18 , 1944 The special called meeting of the Executive Cor:unittee met on Ma~, 18 , 1944, at the residence of Mr . Nelson D Rodes . .Acting President Hewlett and the .• following trustees were present: Messrs . Cowan , \{allis , L . Caldwell, McRoberts , Wiseman , Rodes , and i::>t1.t cliffe . Dr . Robert J . Mclv ullen and Mr . Robert Uyers , new member of the Board, were guests . The meeting was ouened with nrayer by Mr . \fall is . Mr . ilallis reported on the tri9 recently made by}. r . Rodes and himself to North Carolina to see Dr. McMullen . Dr . Cowan reported to the Executive Committee and to Dr . McMullen on the history of the progr ess of Centre since the beginning of the war and the subsequent enlistment of Dr . l, cLeod. Mr . Caldwell brought out the a~vantage of having as President of Centre College a Centre man. Mr . McRoberts stressed the main nroblems facing Centre. Mr •. ,iiseman spoke on Dr . Hev1lett 1 s feeling about the great need of an active president . Dr . Hewlett pledged the active support of the faculty and himself. Mr . Rodes closed the discussion with an outline of what the Executive Commi ttee fel t were the duties of an incoming President . Moved , seconded, and carried that Hr . Rodes appoint a committee to confer with Dr . McMullen prior to the full me.eting of the Board of Trustees on May 19 , 1944. The commi t ee apnointed was composed of Mr . Rodes , Dr . Cowan , Mr . Wallis , and Mr . McRoberts . Mr . llobert Myers was introduced to the Comr11i ttee and spoke of his recol l ections of Dr . Mc.Mullen while in college . The meeting adjourned. �32 Danville , Kentucky May 19 , 1944 I The regular meeting of the Board of Trustees of Centre College was held in , the office of the President at 10 ; 30 A. M ., lay 19 , 191+4. The Secretary called the roll and .Acting President Hewlett and the following trustees were 9resent : Messrs . J. R. Cowan , Peter Pleune , Charles W Welch, Hugh Nevin , Nelson D. Rodes , . George McRoberts , :h,rederick A. Wallis, George A. Joplin . Jr ., Frank H. Caldwell , J esse Hernnann , Philip Barbour , J . E. 11iseman , Robert L. Myers , Logan Caldwell , Howard Van Antwerp , and Elbert Gary Sutcliffe . Letters were received from Hr . Jo Baily Brown and Dr . Benjamin Bush requesting tbat their names not be presented for re-election . I t was moved , seconded , and carried that the letters be filed and that Dr . Hewlett write each of them a letter of appreciation of their 9ast aervices . The following resolution w.as presented by. the Executive Cor:nnittee and a motion v1as made , se conded , and carried that the resol ution be adopted : 11 The Executive Committee of Centre College makes the follwoing recommendation to the Board of Trustees of Centre College at its meeting on May 19 , 19l.~4: the December meeting 1942 of the Centre Executive Committee , President Robert L . McLeod announc ed to the Committee that he was forthwith leaving Centre and would become a chapl ain in the United States Navy . The Executiv.e Committee thereupon granted to President McLeori a leave of absence during the continuation of the war . 1.At President McLeod had now been absent from Centre one and a half years . Two conm1i ttees of this .FJ:x:ecutive Committee have been to vlashington to urge President McLeod to return to Centre . He has informed this coITll'li ttee that he could not return until pro.bably in 1946 or u ntil his services were no longer r.equired. The United States has notified Centre College that on June 30 , 1944 ,. the Centre Air Corps Detachment would be discontinued . A real crisis in the hi story of Centre College has thus been presented . The postwar problems of Centre are grave . A leader must forthwith be obtained to guide the nestinies of the College through the disturbed years that lie j11st ahead of us . Robert J . McMullen of the Class of 1905 has recently returned to the United. States from China where h,e has been the President of Hangchow University. This Executive Committee has carefully investigated the c;.ualifications of Dr . McMullen to perform the duties of Pr,e sident of Centre , and we now unanimously recormnend to this Board that Robert J . McMullen be elected co-President of Centre_ College . Y/e realize that Centre ca n never have two presidents both functioning a t the same time , Dr . McMullen shall exercise the full perogatives of the office of President of Centre until the further a ction of this Board. 1ie now recommend that should the time _come that both President McLeod and President McMullen would be available for service to Centre, that this Board shall then be free to select the sole President of Centre , such selection not being restricted to e i ther Dr . McLeod or Dr . McMullen . u (The last clause of this resolution , 11 such selection not being restricted to either Dr . McLoed or Dr. McMullen!' was added as an ar,1endment by the Board to the original resolution . ) The following amendr1ent was a lso presented and passed by the Board : �11 The Executive Cornnittee now wishes to advise the full Board thht on the occasion when President McLeod notified the Comrlittee that he was l eaving to become a chanlain in the lJavy he stated that when the Board of Trustees found a perso n acceptabl e. to it t o be President of Centre that the Board of Trustees should proceed to select a successor to him as President of the College , and has fu r ther adv i sed the :Board that the id . a of having Dr . Robert J . McMullen as co- resident was exnressl ·, an proved by Dr . McLeod . 11 I t was :rioved , secon,led , r.nd carried that a co:py of the motion be sent to both Dr . 1:icLeod and Dr . .IcMul len. I t was moved , seconded , and carrie.d that Dr . HcMullen 1 s salary be $6 , 000 a year pl us a home . I t v1as ·1oved , seconded , and carried that a committee of tv;o Bo a rcl members nait upon Dr . lid.foll.en and &.sk hiM to accept the co-Presidency of Centre College. The Cha.i:rman appointed Mr . Rodes and Dr . Caldwel l . Dr . fcMull en came before the 3ot1rd and nade a brief statement . He e:::uressed his enprt-'ciation ')f the honor but said that he h.:..d been asked to return to Chungking at once and could not officially accen the ryresidency here until th i s request for his return to China had been settled . 11 I do not think , 11 he said , 11 the work in Chinci is a. job I should be called upon to do . The Chinese leaders should do that . 11 He said thHt the China matter would be settled in Mont rea t in a few tiays and he would then give },is answer . The Chai nan appointed comrni ttees to make recofll!',1entifltionn for filling va.cb.ncies on the :Soard of Trustees ; Committee ll consisting of i3oard members representing the PresbvteriF.n Church U. -> . A . , and Committee 'if2 cocrnosed of t1'ose Board member s representing the t'resbyterihn Church U. s. Committee #1 , Dr . Helch rs Chainnan , made the following reoort : 11 I t was decided to reconmend that Dr . William. R. Laird , whose terrn has expired , be re-elected to succeed himsel f . It was further decided that the members of this Cor1rnittee send to Dr . Welch names of those whom they woul d reconnnend to be nominated at the next meeting of the Board for election to membership on the Board of Trustees of Centre College , and that Dr . \'l el ch in turn send their names to the members of the co:·u ittee to lJe considered by them prior t.o the October meeting. 11 ;Aoved , t->econried , and carried +riat Dr . Laird be elected to succeee d Limsel f , and that the reports of the U. ::i , A. corru ittee be auproved. Committee #2 recommended .that Dr . Caldwell and Dr . l eune be elected to succeed themselves . The comu ittee rlecided not to recor:l.l'1end a1wone at this time :o fil l the vacancy caused bv the deat h of fr . Oscar Letcher , though the llfli-ne of Spencer McCallie , J r . was discussed . Moved , seconded , and carried that the report of Cor.n1ittee 4fo2 be acceuted and that Dr . Caldwell and .Dr . Pl eune be re-elected. Mr . Herbert Heyer , Business Hanager , made a brief reuort and it was moved , seconded , and curried that tr,e reoort be accented . Miss Jane Richar ds presented her third re n rt as Dean of \'/omen , which on motion was receiveri with an exnression of anoreciation of her s >lendid service to the Woman ' s Co 1 lege during theise years of service with us . L �34 Dr . Hewlett presented his re )or t as Dean and Acting President wl ich on motion was received with an expres;;ion of grati tnde for the clarity of the report . The Board of Directors of the Alumni Association endorsed !r . Geor,:;e ]1. Lee for re-election as their representative on the Board of Trustees, and it met with the approval of the Board. The Treasurer made only a brief re ·, ort since his regular report is r.1ade at the fall meeting of the Board. Moved , seconneri , and carried that the l!'inance Committee be directecl to buy the Tunis property at a reasonable price. Moved , seconded , and carried that the executives of this institution be directed to raise $lOO , JOO to be used for the teachers retirerrnnt plan , this matter to be referred to the Executive Committee for final action. Moved , seconded , and carried that if the way be cleared the Executive Comr:iittee in the immediate future nu t into oDer•tion plans for teac1'ers annuity plan for teachers of this college . Dean Hewlett presented the names of the members of the graduating class ~s recommended by the Faculty for the degree of Bachelor of Arts or Bachelor of ~cience in ~ducation as indicated below : Bachelor of Arts Beverlv Jean Broaddus Edwina Davis Margaret Marie Guthrie Mildred Guthrie Martha Ann Holm .Elizabeth J ane Logan Vinetta Augusta 0elri ch Wanda Lee Jteel e Margaret Ray ~ullivan Edward Vial ter Amundsen Phillip Paul Gullion Edward Gill Houchin l'iilliam Buford Martin Rene Otero .Oran Cecil Teater .b.rrnand Vaucher Bachelor of Science in Education Helen Beatrice Best Sarah Frances Burkhart Isabel Caldwell Nichols Mildred Evelyn .Phillips On motion , duly carried , the conferring of these degrees as recom.mended by the Faculty was approved by the Board of Trustees . Moved , seconded , and carried that Barnett and Comnany be selected as auditor . On recom.11endation, moved , seconded , and carried that the honor scholarships in the Men 1s College be granted to either men or women for the rt.uration unless the donor limits the scholarship specifically to men. foved , seconded, and carrie d that the Executive Committee be empowex:ed to make the appointment of Alumni oecretary after rneeting with a comrni ttee from the Alumni .Association . (Cammi ttee composed of Hess rs . Armstrong , Jones, and Rue.) Moved , seconded , and carried that the improvements at the Woman ' s College be left in the hand~ of the Executive Comrnittee . �85 A com,ni ttee comnosed. of. Mr . ,/all is and M:· . Rodes .was asked to draft resolutions on il1r . Bil es , t.r . tiwain, and Miss Richarrls , thanking them for their faithful service • .ioved , seconded, and carried that the .Board go on record as commending Mr . Svmin and his associates for the fine work they have done in carrying out the Ever-Living Endowment plan whereby this year 1 ')00 alumni and a lumnae have made a contribution to Centre College. (Send letter to Mr . Newlin.) on motion , the Board adjou rned . ~0- v-z+-> ~ ~~-~r~ C'i ::;;;:?'~ ~ Frederick A. Wallis , Secretary Danville, Kentucky June 13 , 1944 The Executive Committee of the Board of Trustees of Centre College rnet on the above date at 2: 30 P . M. The meeting was opened with prayer by Mr . Wallis . Acting President Hewlett and the following trustees were nresent: Messrs . McRoberts , Sutcliffe, L1-rnier, L. Caldv1ell, ,lisema.n, Rodes, Cowan, and 1/allis . A 1 etter from Dr . Miles exolained why he could not be present . The minutes of the last neeting of the Executive Committee v1ere read and approved for record . -?.loved , seconded , and carried that the letter from Dr . McMullen to Dr . Cowan, acceptiW the co-Presi rlency of Centre College , be made a part of these minut es . ('Tois let~ er is aupended to these ninutes.) (Apuended also to these minutes are two letters from Dr . McHullen to Hr . :lodes , Chair:nan of the Executive Comni ttee,. and a letter from Mr . Wallis to Dr . McLeod . ) Moved, seconded, and carried that the following statement be e;iven to Mr . Enos Swain for publication and that it be released l!'rid.ay, June 15, 1944 : (This statement is appended to these minutes . ) Moved , seconded, and carried that the salary of Dr . Hewlett for the months of July and August be continued the same as in preceding months . Moved, seconded, and carried that Miss !-!oon I s salary be :aade $2,000 instead of $1 , 300 , beginning September 1, 1944, less room and board . This increase is allowed Miss Moon because she has her Ph . D. degree , is an excel lent teacher, and has requested c:1.n increase to $2 ,100. !'.oved , seconded , and carried that the recomrnendation of the Bnildings and Groun:is Corrrrni ttee for reoairs and improvements on the vioman I s Campus of approximately $5 , 000 be accepted. Adjourned to meet 1/ednesday, June 21 , at 2:30 P . M. L �86 ( Copy of lette r to Dr . J . Rice Cowan from Dr. R. J. McMullen) }fontreat , N. C. May 31 , 1944 Dr . Rice .Cowan , Chairman Board of Directors Centre College Danville , Ky. My dear Dr . Cowan : After conferring with the secretaries of our Mission Board I hereby accept the rJosi tion of co-President of Centre College to which vour Board elected me at its r,1eeting on May 19 , 1944. You may expect me to take over resnonsibility of office as of :3eptember li>t , 194li. In approving my acceptance of this position my l1ission Board entirely released me from all obligation to serve them in any way . I n spite of this they agreed to retain m71 name on the list of their missionaries so that I would con+,inue to be eligible for retirement at the end of five Jrears . In doing this they expressed the hope that as opportunity offer0d I would promote t he cause of foreign missions in so far as it did not interfere with my work as president of Centre College . :F.::specially are they anxious for me to meet previous engageP1ents to visit and address three Synods during the fall. I n addition to attending the meeting of the Synod of Kentucky , of which I am a member , this wil l involve visi ting two other Synods , one in September and one in October. I hope that arrangements can be made for me to carry out this program a l ready set up by our Mission .Board. Although it is clearly understood that I am under no obligation to resume my work under my Mission J3o,_.rd in the years to come , I think it only fair to vou to state again that I cannot be vtl thout interest in China and in Han gchow University into the development of which I have given so m1 1ch of my life . If and when the call comes to return to China to re-build this University I will have to decirle where the Lord wishes me t o serve. In the mean time I shall endeavor to give to Centre the best serv ice of which I am capable , counting upon the ful l co-operation of all friends of the College and praying God 's richest blessing upon our efforts . Yours sincerely , Robert J . McMullen (~igned) l �87 , The Centre Col ege Board of Trustees b.ll,1ounce the election of Robert J . McMullen , of the Class of 1905 , as co-President of Centre . President McMullen will assume his duties on ..>eptember 1, 1944. President McLeod is on active duty with the United States Navy , serving in the Chaplains Division . ~ince his graduation frou Centre, resident McMullen has s9ent tre greater part of ris ti,:1e in Chi na , where he has been a leader in religious and educational work. :from 1932 to 191-1-2 he has been identified with Hangchov, University , first in the capacity of Provost and Com-otroller , and then as President . He has maintained his contacts with the educational forces of the United titates ; he is a graduate of the Louisville resbyterian Theological Seminary , in 1927-1923 he was a member of the faculty of that Seminary , and has done oostgrf!r:1.uat e work both at Col1x~bia University and at Princeton University. During his residence in the Ci tv of Shanghai , P-resident McMullen was active in its govennental affairs, serving as a member of the Shanghai Mnnicipal Council at t1'e time of the ontbrea'lc of the Japanese 1/ar with the United .:itates . He has also been called upon to ai:;sist in the administration of relief to the Chin ese , and for sue}, character of services has received a number of decorations from the Chin ese Government . President ,1d!ullen , while an undergra(iUc':lote at Centre, was a leader in many branches of coJlege life , and he comes back to Centre uniquely qualified to head the administration-of the College at a time when Centre is better equipped than ever before to give young men and young women a thorough college education. Danville , Kentucky June 21 , 1944 The aalledm eeting of the Executive Committee was held at 2 : 30 on the above date in the office of the President . Acting President Hewlett Md the follov1ing trustees were present : t essrs . ,iiseman, L. Caldwell , .:. odes , and Cowan. The meeting was opened with prayer by Mr. Rodes . The minutes of the last r.1eeting were read and the following correction was made : Instead of the last sentence in the minutes substitute the following: Messrs . Jones , Armstrong , and Rue , representing tre Alumni Association were Dresent to discuss the selection of an Alumni ~ecretary to fill the place of Mr . Enos ijwain resigned. In order to secure more information the lilxecutive Comrni ttee -adjourned to meet in called session on June 21 , 1944 , for further discussion of this matter. After discussion of the select.ion of an Alum i Secretary , in which Messrs . Jones , Rue , and Armstrong of the Alumni Association participated , it was moved , seconded , and carried that Professor Cl arence Heffelfinger be asked to assume the duties of Acting .:Secretarv termor,arily and until a permanent secretary be elected and his salarv be -$200 per month . Also that he be requested to send out +be communications from his office under the nane of Mr . l:iv1ain , former secretary a.nd an alumnus of Centre , because Mr . Swain is already favornbly known and esteemed by the Alumni and his name would make a personal appeal . And if and when a permanent Al nmni Secretary be elected that Profesqor Heffelfinger continue in the emplo;rr.ent of the College at the regular salary of an assistant professor . Dr • .Biles presented from the opening of Corps cadets of the sidered correct but a cleim for $500 for unpaid salary college in September , 1942 , to the Anny of the U. :3 ., !arch 1 , 1943. in anpreciation of Dr . Biles I long for the six ""'lonths institution of the Air This claim was not conservice to the College �88 and because he is now leaving the faculty , it was !"1oved , seconded , nnd carried that he be paid $500 ann that t"his be accepted by him in full ua.yment of any and all clair.1s against the College . Dr . 1/ . D. Gilliam presented his claim for a salary of $200 for the month of ]'ebruary, 1943 , though he had withdrawn from the College to join the N'av;v in the latter part of November , 1942 and had rendered no services to _the College whatever during December and January of the session of 1942-1943. It was moved , seconded, and carried that the Executive Committee recognizes Dr . Gilliarn 1 s technical claim for payment of $200 for February , 1943 , and that the Committee authorize payment to him of that amount in spite of the fact that the College was generous enough to pay him for the entire preceding ser.iester 1 s work though he did not teach during Decer.iber and January. Moved , seconded, and carried that the 22 rooms of the second floor of Morgan Hall be constructed and rehabilitated and that this work be begun as quickly as the necessary contracts are let . Moved , seconded, and carrien. that the Breckinridge Hall note of $7000 due the Farmer I s National Bank be paid . ~ v~ary Danville , entucky June 28 , 1944 A special called meeting of the l!Jxecutive Committee of the Board of Trustees was helcl in the office of the President at 2: 30 on the above date . Acting President Hewlett and the following trustees were present: Messrs . 1 odes , L . Caldwell , Sutcliffe , and .Cowan . Mr . Herbert Heyer reported on Morgan Hall . The bids of Harold Price and the Cutter Electric Comnany were approved and to be signed when the contract for heating and plumbing is received and approved . The contracts are appended to these minutes . Moved , seconded , and carried that the Committee on .Bu.ildi:ngs and Grounds is hereby authorized and instructed to close these contracts and proceed to work without delay and that the total cost of the work shall not exceed $14 , 000 . 00. Moved , seconded , and carried that the Cr~ik House be out in condition for cccupancy by Dr. cMuJ..len. Moved , seconded , and carried that the tablet now on the Craik House be removed and a more suitable tablet in memory of Henry N. Craik be erected and that the .Bu.ildings and Grounds Connnittee select and erect this tablet . Moved , seconded , und carried that Hillcrest be rented and the arrangement of this rental be.made according to the best judgment of the administrative officers of the College . Moved , seconded , and carried that Nelson D. Rodes , Treasurer of Centre College of Kentucky , exchange the $5000 . 00 principal amount of Sioux City and Pacific Railroad Company bonds due in 1936 , $3000 . 00 of which are couoon bonds and �89 $2000 . 00 of which are registered in the name of Centre College . This exchange is made pursuant to the pJ.an of the reorganization of the Chica.go and Northwestern Railroad Company. The meeting was adjourned. J . R. Cowan , Secretary Danville , Kentucky July 11 , 1944 The regular monthly meeting of the Exe cu ti ve Coll1!'1i ttee of the Boa rd of Trustees of Centre College was held at 2 : 30 on the above date in the office of the President . Acting President Hewlett and the following trustees were present : :1Iessrs . Cowan , L . Caldwell, McRoberts, 1/iseman, and Miles . The meeting was opened with prayer by Dr . Hewlett. meet in~ were read and approved for record. The minutes of the la.st Moved , seconded, and carried that the Acting President be authorized to sign the su9plemental contracts with the U. S. A., looking toward the closing of the 20th Colle 9e Training Detachment . (Aircrew) Moved , seconded, and carried that the decision on the sale of the Sigma Chi house be deferred to . the August meeting . . The Business Manager reported. that the :B'ry house has been rented to Mr. Payne for forty dollars per r.ionth . He also re~:> orted tnat the Hillcrest first floor apart~ent has been rented to Professor Glenn, principal of Danville High School , for seventy- five dollars per month and the second floor apartment to Mr . Fay Townes for sixt:r dollars per month , this rent to include the cost of the heat , light, and water . In a discussio'.'.1 on the carpentry v1ork at Morgan Hall the following facts were given: Bid Bid Bid Bid of of of of Harold Price for carpentry Harold Price for sup1)lies Cu.tter Electric Company C. s. Veatch & Sons , Plumbing and Heating ?,linimurn Maximum Bid of 1artina Bros . Co . for terazzo floors of bathrooms Add for ~tate Code on plumbing $4370 . 00 2721.00 514 . oo 3700 . ')0 4900 . 00 1 670 . 00 141 7r:, . oo 250 . 00 Moved , seconded , and carried that the sum of $14000.00 formerly allowed for construction of the second floor of 1lorgan Hall be increased to ;;il5000 . 00 . The raeeting adjourned. L ~~ �40 Danville , Kentucky July 21 , 1944 A called meeting of the Executive Comrn.i ttee wcis held at 2 : ;O in the office of the President on the above date . Acting President Hewlett ana. the following trustees were present : Messrs: L . Caldwell , ·,/if,eman, Sutcliffe, McRoberts , Rodes, and Cowan. The meeting was opened with ~rayer by Dr. Hewlett . The minutes of the l a st meeting were read and approved wi t11 the exception of two a dditions which have been made in the mimeoe;raphed copy of the r.1inuteo of that r1eeting • •foved , seconded, and carried ~hat the ,/is eL'lan house on Herrington Lake be ret : ined an used for outin5 s for the students and further t'r1at the Trehnurer be instructed to borrow the necessary amount of r1oney to pay for recent repai rs on this house. Moved , seconded, and carried that the College pa;\r to the hi Delta Theta Fraternity the sum of two hundred and fifty dollars for the rep a ir of their house and that this nayment oe in full settlement of all claims . Moved , seconded, and carried that Dr . Hewlett be empowered to emr,loy an instructor or an a ssist.1-nt-profeosorto teacli chemistry , p vsics , and perhaos Eiolo,zy ut a salary of not more than eL~hteen Jiundred dollars a year. Moved , seconded , and carried that vir . Heffelfinger be allowed a two-week 1 s vacation and that the date be left to Dr . Hewlett . The meeting adjourned . ~= Da nville, Kentucky August 8, 191+4 The regul a r 1eeting of the l;xecutive Con1r.1ittee was held on the above date at two o I clock in the office of the resident . The r:ieeting v1c_s ooened vii th prayer by Mr . Rodes . Acting President Hewlett and the following tru1:1tees were present : . essrs . L. Caldwell , 1{iseman, · cRoberts , lfovin , 1J allis , Sn tcliffe , odes, and Cowan. The minutes of the last meeting were read. and approved. Hr . Rodes reoorted on the Lcxi. ·v ton f nrm . It was moved , seconded, e;nd CL>Tried that Mr . odes be empowered to si gn easement with the Kentucky Utilities for a line on the Lexing ton furm . foved , seconded , and carried that fr . odes be empowered to sign contract with the Tunis heirs to r)11 rchase prop erty at ~14 ,ooo. Moved , seconded, nnd Cbrried t hat the Board create u schedule for a five-yea r nlan for repairs and replacements on the two campus es of Centre College. Moved, seconded, and carried that the following letter read by Mr . ilallis be spread on the minutes . (The ori ginul is filed with the minutes . ) �41 U.A.VY DEPA.il.Tl.!EUT :BUHil.AU 01!' 1-tAVJ.L :a.·r:wo l\llr.EL Washington 25 , D. C. Chaplain I s Division ers- 7- • r/mru!:. 7 Jul y 1944 Mr . :h'rederick A. \Tall is Paris , Kentucky My dear r . \1allis : Receipt is acknowledged of )rour letter of June 3, 1944 and tre enclosed conv -of the resolution adopted by the Board of 1rrustees . .Aft er our conversation in 1/ashington , and my letter to Ir . Rhodes, I do not think it necessary to tell vou that I heartily approve of the resolution . It seems to 1<1e that the whole mRtter has been handled in such a nanner that the college is per:fectl:-r free et the end of t;1is war to travel in any direct io n for the best interest of the college and at the same tiMe , Christian charity and fairness have been practiced in connection wi th a ll concerned. Certainly , my own desire is the welfare of the college. I f at the end of the war, the trustees and others concerned should feel that it was to the best interest of tb.e college_ that I should return, I should be very hanpy, of course , to consider the natter an<'!. at present feel very disposed to return. On the other hand , should the college feel that either Dr . McMullen or anyone else could best serve the interest of the institution , then I would very gladly and with the best of feeling toward everyone concerned make other arrangements . In other words, as the situation now st1-mds, at the end of the war . the college will be free , I will be free , and Dr . McMullen will be free . I shall, naturally, always have.a very great interest in the school . I know of _ no institu ion in this country with greater possibilities tha.n that college . I sincerely believe that in the post-v,ar period , the college should be able to move along as probably never before in her history. Any time you are in ,/ashington , I holJe yon will be good enough to give me a ring . It is always a joy to t a lk with ;rou. I shall appreciate it if vou will extend to a ll the trustees my kindest regards . I am You rs very cordially , Robert L. McLeod (signed) Lt . Comdr ., ChC , USNR Moved , seconded, and carried that this Cor.nmitte e go ·on record as approving the establishment of a heal th program for the studen":.s at the College for l>.len after the war looking toward the er,mloyment of a graduate nurse and to setting up of an infirmary in one of the buildin~s al rea"l.y on the campus as v,el l as arranging for a reasonable emount of medicai at t ention. Moved , seconded , and carried that Dr . Hewlett appoint a committee from the faculty to study heal th progrruns of other ins ti tut ions similar to ours and make recommendations for the heal th program aiithorized above . �42 Dr . Hewlett renorted on the arranger'lents he had 1:1a.de with Mr . lfal ter Dunn of the Victory .Bns Line to provide transportation between the College for viomen and the College for ~en of those students who will be taking science courses at the College for Men . Such students will be required to pay a fee of five dollars per semester for such transportation . Mr. Dunn will make no written contract but promises to carry out the arrangement • . Moved , seconded , and carried that the Committ ee endorse the action of Dr . Hewlett in advancing the salary of Mr. Richard Vfarner to $3000 per year . Moved , seconded , and carried that Dr . Hewlett be authorized to of.:fer Miss Laura Robinson the nosition of associate professor of Latin and Greek at a salary not to exceed $2400 a year . Moved , seconded , and carried that Dr . Hewlett authorize Mr . Harner to empl oy a teacher of piano gnd vi olin a t a salary not to exceed $1600 per year . Moved , seconded , and carried unanimously by a standing vote that this committee at this last meeting during the term of Acting President J ames H. Hewlett express their hearty appreciation of Dr . Hewlett 1 s splendid services during this difficult war period and of the cheerful manner in which he accep ted and discharged the heavy responsibilities of his office. · The meeting was·adjourned. Danville , Kentucky Sept~.mber 5, 1944 The regular meeting of the Executive Committee was held in the President ' s office on the above date . President McMullen and the following trustees were present : Messrs . Rodes , rlachs , Miles , L. Caldwell , Wiseman, Wallis , tiutcl iffe , McRoberts , and Cowan. The meeting was opened with prayer by Mr . vla.llis. The r.'.linutes of the August meeting were read and approved after the following corrections were made : The paragraph on the Lexington farm was corrected to read as follows : 11 It was moved , seconded , and carried that r • .nodes be empowered to sign an easement for setting ool es for electrical wi~es with the Kentucky Utilities for a line on the Lexington farm . 11 The next para.graph on the Tunis property was made to read as follows : 11Moved , seconded , and carried that Mr . Rodes be anpowered to sign the contract with the Tunis heirs to nnrchase the property of the late Miss Louise Tunis locat ed on Ea.st Lexington Avenue , Danville, Kentucky , at $14 ,ooo. II The following resoluti'on was made regarding Dr . William R. Laird: 11 A l etter fron Dr . \'lil liam R. Laird bas recently been received by Acting President Hewlett in which Dr . Laird states that he is planning to take out certain insurance on his life and naming Centre College of Kentucky as the beneficiary. On motion it i s resolved that all of the proceeds of any yolicy or nolicies insuring the life of Dr . Laird which shall be received by Centre College of Kentucky shall be devoted to creating a special endowment for the nurpose of increasing the salaries of the faculty . This purnose is similar to that for which the income of $2500 previously given Centre College by Dr . Laird has been emnloyed. 11 NeJ.son D. Rodes , Chairrnan of the :illxecntive Corru.1ittee of the :Soard of Trustees of Centre College , is directed to write Dr . Laird and express / I �the aupreciation of the Board for his gift and also send him a cony of the above resolution . 11 48 :loved , seconded , and carried trnt t},e ·me ting of the Boerd of Trustees be re ld in the office of the President on October 27, 1944 , at 10 a. H. Moved. , seconded, and carried '-hat Hr. Rodes be requested to nake a list of al l bequests preceded 1)y a life -interest and that a copy of this list be filed with the Treasurer and another \7ith t11e President of the Coll ege and that this list be .;:rwde a ob.rt of the Treasurer ' s report to the Board each year . The Business 1anager, Mr . 1eyer , made a brief oral report concerning the imurover11ents in progress in }!organ Hall on the ',/omen 's Campus . It was indicated that this work is moving along in u satisfactory manner and that a major uercentage of the rooms will be ready for occupancy at the opening of Coll ege on Jeptember 11 . Mr •. Meyer re 1o rted also +hat the final negotiation and urice determination meetings had been held with the officials of the .Anny Air :h'orces. Supplemental . Agreement No . 3 to the College Contra ct v'N2119 ac-58 has been preµnred and submitted to the College for signatures. These have been accomnlished and the agreement returned . l!,inal payments will be made upon approval of the .Agreement by the District Supervisor . The Agreement calls for an additional payment of $18 ,126.23 for operating exnenses above the amount nlrea~y paid to the Colle ge. This oayment is subject , however, to a deduction of $5 ,176. 25 for furniture and equipment purchased from the J.. . A. F. by the .College and results in a net wm of $l2 , 91~9 . 9g still due the College . After final payments and. accounting in the .Business Manager's Office a complete financial statement of the _?eriod of 16 months' operdtion will be prepared for the Board of Trustees . This can hardly be accompli she prior to ':.he annuul meeting of the Bonrd due to the usual delay in government settlements. The Business Manager reported that all College nropertv wbich is available for rental has been rented and tenants are satisfactory. The regular meeting of the Executive Committee was changed to the second .Friday of each month instead of the second .Tuesday by motion. Moved , seconded , and carried that the President study the salary scale of the staff and re;)ort recomr.1endations and sug ·-"e stions of pol icy at the next meeting of the Committee . Moved , seconded , and carried that the .President make a report at the next meeting of the xecutive Cont':'li ttee covering a detailed statement of the financial needs of Centre College , the total sum needed, and suggestions as to procedure in the raising of the r:1oney. The President was asked to have a meeting vlith Robert .1yers relative to the oossibili ty of his coming to Centre College in some capHci ty. The Executive Cor.r;1i ttee approved the President 1 s plan of arranging to have three news letters and an annual to be sent to tr e pre-flight students who attended Centre Coll ege . Moved , seconded , and carried that the President obtain from the Comr.1ittee appointed to stud? the athletic pro~ram their reryort and then to contact Presidents of vc1rious colleges who 1i,:ht be intareste,1 in a group athletic 'JOlicy. The t1eeting was a. journed. L Cowan , ~ecretary �44 Danville ,. Kentucky .:iepteinber 14 , 1944 The Executive Coarli ttee -1et in called ses::;ion in the office of the President on the above date . £'resident !, cMullen and the following trustees were present : Messrs . Rodes , McrLoberts , 'ifiseman , and L. Caldwell. The meeting v1as opened vri th prayer by Dr . McMullen. A committee from the Alumni Association , consistillg of George Rue , and Norris Armstrong , was present . essrs . ~. B. Jones , Moved , seconded , and carried that .tiobert L. Myers of the C lass of 1907 be invited to become Executive Secretary of Centre College at a salary of $3600 per annum , with the understanding that the Al umni Association also contribute $1400 per annum toward. further comnensation for serving as Alumni Secretary. I t is further understoori that he be given a two week 1 s vacation each year •. He shall be responsible to the President fo r carrying on the work of Alumni Secretary , student solicitation , and such other duties as the President may assign. Moved , seconded , and carried that Jr . Rodes be given authority to have a new survey aw.de of the physical property of the _College for the purpose of revising insurcm ce pol icies . The meeting was adjo11rned . ~~!~ ~ecretary pro tem in the absence of Dr . Cowan Danvi 11 e , Xentucky October 13 , 1944 The regular meeting of the Executive Coulr::littee was held in the office of the President _on the above date . The raeeting was opened with prayer by Mr . Hodes . President McMullen and the following trustees were present : Messrs . L. Caldwel l , Lanier , Rodes , Cowan , and Vachs . The minutes of the regular meeting of Senternber September 14, 1944 , were read and approved. 5 and .of the called meeting of President McMullen presented a schedule of the "Objectives of the :b.,inancial Cempaign proposed for Centre College , 11 which was the subject of a general discussion. Moved , seconrted , and carried that this schedule and pronosal be ao.onted and that vie se.ek the assistance and adv i ce of Dr . Henry H. Sweets and a comr1i ttee composed of President McMullen , :b' . A. ,lallis , Nelson Rodes , and J . R. Cowan was auoointed to confer with ' eots b.efore the meeting of the Boa.rd on October 27 . resident McMullen reported 7-hat all reuorts to be presented at the meeting of the Board of Trus ees on October 27 woul d be mailed bv October 18. It was voteri to as._ 1 r . VanAntwerp and Dr . Robert Miles to report on the P resident 1s report . Mr . .h'red 1/achs and Dr . ' Jesse Herrmann were asked to repor t on the reoorts of the three deans (Dr . Hewlett , Hr . Hanning , &ncl hiiss .:iweeney . ) �45 Mr . Ike Lanier and M· • :h;l bert Gary Sutcliffe were asked to renort on the reoort of the Bnsiness tanager. ,!r . George Lee and 1 r . Logan Caldwell were asked to report on the report of the Treasurer. I t was vot orl. that the President write a letter of a 1Jpreciation for the g ift of Dr . vfilliam l!: . Elkin to Mrs . Elkin and to Dr . Daniel Elkin. Voted to continue until further action by the Board.. the special salary roises made for the past year to Professors Rush , Leese , Knott , and Allen . · Voted to le;.JSe the rear portion of the Yowell property to Mr . Floyd for a cow pasture for the years 45-46 , subject --o the shle of the property . Mr . Floyd agrees to cl ean up the lot and to ,·mt a three strc.nd barbed wire fence around the lot . Mr . Rodes reported concerning the legacy made to Centre College by C. R. Ogg. 'Phe meeting adjourned. Secretary Danville , Kentucky October 27 , 1944 The regular fall meeting of the Board of Trustees of Centre College was held in the office of the President on the above date . Chairman Cowan took the chair and called upon !fr . 1 ,/allis to lead in the opening orayer . A notary nublic was present to swear in Mr . l.obert L . Myers as a trustee . Th e roll call showed the following oresent : Messrs . L • . Caldwell , Cowan , Herrmann , Joplin , Lanier , Lee , McRoberts , Miles , Nevin, Pleune , Rodes , outcliffe , VanAntwerp , Wallis , Welch , ,iiseman , and -!yers . A letter from •Dr . Laird and messages from Dr . Barbour and Dr . Caldwell explaining their absence were presented by Dr . Mcl·ullen . The minutes of the spring meeting were approved . Dr . McMullen introduced Mr. Robert L. Myers as the new Executive .:5ecretary . Mr . Myers made a short sta tement pledg ing his loyal supnort to the College and exnressing his ple(. . sure in being able to have a na.rt in the progressive nrogrnm being nronosed for Old Centre. He then read his letter of resi gnation from the Board of Trustees . Moved , seconded , and carried to invite Dr . Henry ~weets , who was in Danville , to sit in on the meeting of the Board . Mr . Clarence Heff elfinger who has been carrying on as secretary of the Alumni Association wt~s introduced to the Eoard b;v Dr . l. cMullen. He spoke briefly concerning the cad.eta vi.ho v1ere here , of the three news letters. to be sent them during the year , and of the annual which will be nut out and sent to than . He expressed his appreciation of the enthusiastic supoor t given this oroject by Mr . Sam Jones , financial manager of this annual . He spoke CQncerning the large number of 1 et ters received by him and other member13 of the facu1 t~, fro::n the cadets , and expressed the belief that -at least 250 boys will come back to Centre if the war is over within the next two years . l �46 The President I s report was presented . Dr . !iles _report Eccl upon -'-he f.irst two -oages of the re•1ort , saying that he was .encouraged by Dr . McMullen I s ideas for the College . r . Van.Antwerp had considered +.he remainder of the reoor t and remarked that there wcis nothing advocated in it that money would no~ take care of . The reports of the deans were next considered . Dr . Hernnann renorted unon all three in the absence of Mr . V/achs . He called attention to Dr . Hewlett's report of the faculty 's study of the educational program and of the ·confidence he exoressed in Dr . McMullen and in the College. He also called attention to the .statement made by 1 iss tiweeney concerning the increase in resident students this year over last , an encouraging factor . Mr . Manning ' s report , he &inid , indicated .that there had not been much for the Dean of Men to attend to . Mr . Mever, Business Manager , presented. his renort , reading that part whi ch covereri the Air :h'orce contract . 1 r . Lani er then made his report on the Business ..tanager I s report , bringing out the thought that though the actnal cash profit to the College from the cadets was only about $10 , 000 , the hidden.urofit was much greater and much good will was created. He then reuorted on the proposed budget for the coming year , and recommendeq. that it be approved . Moved , seconded , and. carried to approve the Budget Comrni ttee report and that the proposed budget be adopted. Mr . Rodes then presented his report as Treasurer of the College . Tris reoort was re-;orted uuon b'r .!r. Lee who sairl that he viewed with anprobation the changes thBt have been made in the investments . ,oved , seconded , wid carried to reduce by $20 , 000 this year tr:e value of National .l!"uel. and Gas Company of Hev1 York as shown on our list of inve:.::tments . Moved to express to ts r . Rodes and to Hr . _Lee the appreciation of the Bor:rd for their excellent service to the College . Moved , seconded , Eind carried to receive ond file the reports of the President , the Business r. anager , the. Treaf;urer , and the three De?,ns . Adjourned to meet at l:?O . The afternoon session of the meeting waf:i opened with the reporti; of the U. ti . A. and the U. s. committees on new trustees . './1he u. .;i . i• • corr1r.1ittee nominated the following trustees : .Ir . oam Jones 19 3; !.Ir. George :l!.,. Lee 109 (no l~mger to be a lumni representcitive on the Board); and Reverend .11obert 11'. Von Thurn . These nominations are subject to the approval of the Synod of Kentucky U. J . A. There were no no□ int.tions fron the U. ~. co.nnittee . It was r:ioveri , seconded, and cerried that this com:"1i ttee give t:-iis :-1atter serious consideration and nominate sooeone to t8ke +he olace of l r . G. O. Letcher a.t the spring meeting of the BoDrd. Dr . cMullen pre::;ented ''ls olnn for n f'inancial prog:cun , cor:m1entL.6 upon each section . He stressed the great need of rBising teachers I salaries and cited instances of teachers being lost to the college through low salaries •. He spoke of the inuecuri ty felt b:r facnl ty 11embers due to there being no retirement plan. He then told of the great nee•i of another librarian and. of new books and magazines . He announced hat the Alumni Association had agreed to L �41 bring -1-he 1 ibrf ry un 'to the Shaw check list in books and magazines at a cost of .$13 , 000 , of which $3 , 000 is ~1ede imnediatcly available . He then spoke of +be need of a field house , ti mnsic building , and a home economics practice house . In connect.ion ,1i th the usi c Department he stuted thet the Alumni Association had voted $1 , 000 to buy equi ,x.1 ent for that department . His ulan of raisins ... he Y'10iHW ·;_;o barly needed to car.rv out this program \Vf!S to ,;et it fro"! friend(;, of tre College , much fron mk.ny , u1d sofll.e from al l. Dr . McMullen then G\nnounced that :Ur. Ecnry .;jweets had consented to guide the col1,ege in tr'is financial carnpaign , f;iving at least one half of his tine to this work. :Ur . Cowon , after te11i..ng of the ccmsidere.tion by the Executive Comr.:1ittee of u retire,1ent nlan for the faculty , intro 1.uced Dr • .:>weets . Dr . Sweets read r~n a·1pea.l to the General Education Board of the needs of Centre College . His suggestions for carrying on this campaign , simple ones , but essential , were next presented. 1 Moved , seconded , and. carried unanimously to aoprove the financial program presented b~, Dr . McMullen and to acce-ot the task of raising a million and a quarter dollars for the p1 1rooses indicvted . (A copy of this program is appended to these minn tes . ) , oved , seconded , and carried that Dr . 1 cMullen a.nd Dr . Sweets draft n l etter along the line of the one reed by Dr . ~weets , appealing to the Generfil Education Board for $250 , 000 as a challenge fund .for raising $1 , 000 . 000 r-md that other boards be approached for gifts . oved and carried that the Board of Christian Education of the resbyteri~n Church U. ::i • .h. . and the Board of Christian Education and Ministerial elief of the Presbyterian Church U. • be infomed of the plans for a financial camoaign for Centre College and their advice and service solicited . Moved , seconded , and ·carried that the Executive Committee serve as Finance Car.ipaign Committee . Dr . McMullen reriorted that representntives of the Veterans Bnreau desired to make a contract with the ·College on the basis of the published schedule of fees . He suggested raising the tuition.for new students from $220 t o $300 a year , those already here to continue at the same rate they are now paying and to set aside a larse smn , say $10 , 000 for scholarships , the bcholarship Committee to decide what amounts are to-be given for help to those who can't pay the tuition . Moved , seconded , and carried to charge a tuition of $300 a year , to take effect immedi?.tely, for new students , both boys and girls . Moved , seconded , and carried to accept Mr . obert L. Ayers I resignation as a member of the Board with regret , but with delight that he is go ing to bent the College i n tre capacity of Executive Secretary. Mr . Lee was asked to make a few remarks . He stated that the alumni in and around New York were interested in getting• the News Letter and al so exnressed the wish that Dr . foMullen and Mr . Myers might come to New York dnring +.he winter . On motion the meeting was adjourned. ~ rk ~ /~_ ~-:9--, Frederick A. 1a Secretary 1~ �Danville , Kentucky October 27 , 1944 The Executive Committee of the Board of Trus~ees of Centre College met in the · President's home on .l!'ridey- , October 27. President Md,ullen and the following meMbers were present : ·, essrs . Rodes , Cov,an , McRoberts , i{iseman , '\iallis , Miles , Herrmann, Sutcliffe , L. Caldwell , and Lanier . Mr . Rodes renorted that the insurance on the college property had been restudied and additional insurance to the amount of $139 ,000 would be taken out . The question as to where this insurance should be placed was discussed . Vot ed to leave this to Mr . Rodes and fr . L. Caldwell . Dr . McMullen reported that Dr. Cowan , Mr . odes , Mr . 1/allis , and himself had had an interview with Dr . Henry ~weets as directed by the Executive CorrUni ttee . Dr . Sweets had agreed to give at l east half time to the direction of the finance campaign apuroved by the Board of Trustees . .As an honorarium Dr . Sweets will be presented $250 ner month . It was un erstood that expenses incurred by Dr . Sweets would be met by the College. Voted unanimously to approve the reoort of the comr1ittee and to elect Dr . Sweets director of the finance campaign , and to authorize the payment of the honorarium and e.xoenses as mentioned above . The meeting was adjourned . Danville , Kentucky Uovember 1-7, 1944 . :o The Executive Committee met at 2 : in. the resident I s office on the above date . The meeting was opened with prayer by Hr . Hallis . President Md1ullen and the fol lowi ng trustees were present: iessrs . dallis , Lanier , L. Caldwell , Mil es , Rodes, McRo berts , Wiseman , a..>1d Cowan. The minutes of the regular meeting of October October 27 were read and approved for record . 13 and of the called meeting of ~oved , seconded , and carried that the Board expend a sum not to exceed $300 for repairs of the unoer story of the Tunis house and that thi s upper story be rented at $35 per month for nine months . Moved , seconded , and carried that t he action of Dr . McMullen f.n employing Mrs . Oathout as assistant librarian at a salary of $100 per month be approved. The report of Mr . 1yers, Executive ~ecretary , was heard and discussed. Dean Hewlett made a report with discu~sion of the J!'reshman tests . Mr . Heyer , B11siness Manager , made a brief report . The finance prograr.i was discussed . Voted that the Danville members of the :ii:xecutive Corr1mi ttee meet with President McMullen and Executive Secretary }1yers on Saturday , Novanber 25 , to formulate plans for the finance camoaign, and that they report to a meeting of the Executive Committee on Friday , December l . The meeting was adjourned. �49 Danville , Kentucky December 15 , 1944 The Executive Committee of the Board of ~rustees of Centre College met Rt 2 : 30 in the President 1 s office on the above d.. te . The meeting was opened "'1th prayer by Dr . McMullen . President McMullen and the following trustees were present : Messrs . L. Caldwell, ll.o-des . McRoberts , 11iseman , and Cowan. The minutes of the meeting of November 17 were read and approved . Dean Hewlett reported that the condition of the college was satisfactory. ~xecutive .:iecretary ·.iyers reported th&t to date 907 donors had made contri but ions totaling $9 ,062 .10 as compared with 825 donors totaling $3 , 620. 00 of the same date one year ago . He al so reported that the View book for the tfen I s College was on the press and that a Viewbook for the 1loman 1 s College would be published early in the new year • .Business Manager H. A. Meyer made a detailed report of the finances of the college . These he stated to be in better condition than for many years . Moved , seconded, and carried that the $10 ,000 legacy of Dr . 1{illiam ~. Elkin be placed in a fund 1oiown as C urrent J!'unrls Invested . I t is 1mderstood that unrestricted legacies here.,.fter received by the college should also be placed in this fund , which is subject to allocation only by the Boe.rd of Trustees. Dr . cMullen reported a gif t of $100 . 00 from President foLeod to be used in any way the college sees fit . Moved , seconded , and carried that the Board request Dr . McMullen to -write to Dr . McLeod expressing the gratitude of the Board for his donation and bidrling him Godspeed as he takes uo his work on the Antietam. A renort was r:1ade of the soecfa.1 ueeting of the Danville members of the Ex- ecutive Comi~ittee on lfovember 25 . Dr . McHullen reoorted in detail regarding his visHs to •lashington , New York , · nd Hontgo:nery , I/est Virginia . The meeting was adjourned at 5:15 P . M . ~%~ Glr;tary Danville , Kentucky Decel'lber 29 , 1944 The .illxecutive Cammi ttee of the Board of Trustees of Centre College net at 2 : 30 P . M. in the President 1s office on the above date . The meeting was opened vri th nrayer by Dr . Hd,!ullen. President McMullen and the following Trustees were present : ,fessrs . L . Caldwell , UcRoberts , Sutcliffe , Wiseman and Cowan. In the A.bsence of Hr-. Rodes , Dr . McMullen wps asked to preside . of the 1 >1eetin,· of December 15 were read and approv ed. The minutes The following fees, as recon.,:i.ended by Dr . McMullen , were a9proved : �50 1. A tuition fee of $150 , 00 per semester vrill be ch, rged and will cover course work amounting to 15 ser'lester hours or less . 2 . For semester hours in excess of 15 t:bere will be an additional charge of $10 . 00 per hour . 3. Students desirinb to tuke soecial cour~es witpout credi_t or rle~iring to audit com·ses will a.,y a tuition fee of $10 . 00 per semest.er _hour. 4. The tuition fee in the sum.~er session is $10 . 00 per credit hour regardless of the number of hours carried. The question of trving to get in touch with demobilized ;jervice men with a vi ew to their entering Centre College was discussed. I t was agreed that the best way to get in touch with them wus (1) by keening in communication with Centre College students who had not finishei their course with a view to getting them to return after their demobilization; (2) to k eep in touch with Air .:ichool C£,dets ; end (3) to work through the .Al'ql'llni of Centre Col] ege with a view of getting in contact with their sons and daughters or with returning .::iervice men in their communi t ies . I t was voted to hold a forrriE...l instalh. tion of Dr . McMullen in connection with the meeting of the Boa.rd of Trustees in May , 1945; thn.t ovling to war-time conditions the .d!xercises be simple ; and that no invitations be issued to representatives of other colleges and universities . Dr . McMullen presented a reoort of the J!'ac,1lty Committee on i;;icholarship . Afte r discussion this was deferred for f i nal action to the n~~t mee~ing of the .clxecutive Committee . Dr . McMullen presented a new scale of teachers I salaries and pleim; for putti ng into operation this scale with retirement allowances as of .:,eptember 1 , 1945. After discussion final decision was deferred until the next meeting· of the .Boa.rd. Dr . E. VI . Cook , having been awar<;led h i s Ph . D. degree , was made Professor of Biology. The meeting adjourned to '1 eet ag?,ip on Januaryresident 1 s office • 19 , 1945 , a t 2 : 30 , in the ~~ • ~. ~i nce the r1eeting of the Executive Comrni ttee it has been suggested action taken regar ding fees be amended by substitution for 11 15 semester honrs 11 the words 11 5 courses" in .:iection 1 and 2. This would make these sections ooe.d as follows: a tuition fee of .$Fi0. 00 per semester wi 11 be charged to cover the norrm_l student load of 5 courses or less ; (2) for i semester hours in excess of 5 courses tl~ ere will be an a.dditional cha.rge of $10 . 00 per semester hour. ii . I f you have any objection· to this amendment , please notify rne at once . . e change brings these fees more in line with past oractice at Centre . R. J_. Md.full en (The amended minut es follow) Changes beginning after paragraph be,.:;:inning, 11 Tre question of trvine- to et in touch ri th demoblized iJervicemen , 11 &nd ending 11 be issued to represent a tives of other college and universities . ,1 �51 Dr . McMullen presented a report of tt.e J:faculty Cor.llll.ittee as follows : Danville, Kentucky December 29 , 191-1-4 To the Board of Trustees Centre College of Kentucky Daiwille , Kentucky Gentlemen: The ]facul tv Committee on ScholarshiT)s anrl ~tudent Aid desires to submit for your approval the following program of finnnci~l assistance to students for th~ acarlemic year beginning in i3eptember 1945 , and a continuance of this same 8rogram over the next four (4) vears . 1/e believe that it contains sufficient flexibility to allow for a reasonable increase in enrollr.1ent . First Year - 1944-1945. Scholarships: 1 for $400 . 00 ••• . •.....•..•••.• • 400.00 1 for ,B ~oo. oo .. .......... ... .. .. ~oo. oo 2 or $200 • 00 . • • • • • • . . • • • • • . . . • . 400 . 00 1 ,100. 00 Self-Help Positions and Grants-in-Aid 2 , 400 . 00 Total first year .. . .... . ................ .. ................... 3 , 500 . 00 Second Year - 1945-1911-6 ~cholarships : Same as in first year •• .• .•.••••• • •• 1 ,100 . 00 Continued from last vear • ..••.•••.•• 1 , 100. 00 2 , 200 . 00 ~elf-Help Positions & Grants-in-Aid ••.•. •••.. • . 4 , 800 . 00 .nd 7,000 . 00 Third Year - 1946-1947 Scholarships : ~rune as in first two years • • ..• •• ••••• 1 ,100. 00 Continued from first two years • •••..• 2, 200 . 00 3 , 300 . 00 Self-Help Positions and Grants-in-Aid •• .•.•..•.. • 7, 200 . 00 10 , !:500. 00 Fourth Year - 1947~1948 ~cholarships : ~ame as in first three years •••••• ••• 1,1 00 . 00 Continued from first three :vears ••••• 7i . ~00 . 00 4 ,400 . 00 Jelf-Help Positions and Grants-in-Aid •.. •... •••• 91 600 . 00 14 , 000 . 00 The above program contemplates the awarding of scholarships to four (4) students each year for the next four years , making a total of sixteen (16) students for the entire period. I t is further planned ,1-ha.t "'his will be the maximum number of students in the College on scholarshios for any given vear after the third year . L �co 52 ~ '-:rj No specific number of self-help positions and grants-in-aid has been indicated since such assistance will be a,vurded in v;;irying amounts depending upon the need and oromise of the individual students . It is expected that the number of students receiving financial aid of a ll kinds from the College shall at no time exceed 20% of the student body. Students for the gospel ministry and sons and duaghters of ministers wi 11 be awarded , upon request , grants-in-aid in the sum of $100. 00 per year . The College, in admitting students places special emphasis upon character, personality , and leadership as well as the promise of scholastic attaimnent , and it expects its students always to advance its best interests , observe its regulatio:r1s ancl foster its ideals . I n the selection of students to receive any kind of financial aid these qualifications are carefully considered. Scholarships - Candidates for the scholarships mentioned above must have demonstrated their nbili ty to do superj_or academic work and must show promise of continuing such work in their college course. I n addition to infonnation received on apolication forms , appl icants will be required to take the psychologi cal and English tests which are now given to all freshman after they have matriculated in the College. .A. high standing on. these tests has been an indication that they will be able to carry college work in an exceutionully creditable manner . The continuance of these scholarships after the first year will depend nuon the maintenance of the following prescribed scholastic record: .$400. 00 scholarship holders ••• •• 2. 75 (between B,/- and A) 300. 00 scholA.rship holders •••• • •• 5 (Bf ) 200 . 00 scholarship holders ••••• . 2 . 25 (between Band Note : Bf) A grade of F in any course wi 11 automatically disqualify a scholarship holder the following year . Self-Help Positions and Grants-in-Aid-Student meeting the general requirements of the college for financial assi stance but who cannot qualify for schoiarsh ips a re . eligible for this form of aid . .A. continuance of this type of aid , as well as aid to ministerial students and sons and duaghters of ministers , will deoend upon the maintenance of an average of 1. 5 ( c/,) with no grade of F. In the case of a student who fails to meet this requirement in his freshmen year , the aid will not be continued in his soph omore year, however , if the studentmeets the req_uirement in the first semester of his sophomore year , or any subsequent semester , he. will again be eligible to receive aid . Students receiving this t;vpe of aid will. be exnected to render the College some service for the assistance granted. The Comnittee was promnted to nake this study and present this revised program by reason of the recent increase in the tuition fee . Students now enrolled in the College under financial agreements heretofore entered into will not be affected by this change in program. From this proposed program it can be seen \hat the College is taldng the position that it is not interested in granting financial assistance to a student v,ho is just barely able to rneet the graduation requirement of a scholastic averege of 1.0 .(0) . The lowest average proposed (1. 5) is slishtly above the averfige for the student body for the last few years . Respectfully subrni t ted , Richard I . lu1sh, Chairman Faculty Comrr1i ttee on Scholarships flnd Student Aid 0 Cl �53 The report was adopte d . r , Z , Ii . Cook , havin,s been Pv7arded his Ph . D. degree • was made Professrir of Biol ogy v1ith c: selarv of $3000 . 00 for the year beginning Januaru 1 , 1 91,1.5 . Jff~~ The meeting wus adjourned to meet again on Janu&ry 1 9 , 1945 at 2 : 30 , in the President 1 s office . (J anuary , 1945 - no meeting) Danville , Kentucky Ji' ebruar.y 15 , 1 945 The Executive Coll1rli ttee of the Board of Trustees of Centre College met on the above date at 2 : 30 P . !. in the ~resident ' s office . The meeting was opened with :,ra,yer by Dr . Mi es . President ~cMullen and the following truste es were uresent : Messrs • .liseman , -Ic--oberts , Rodes , Hernnann , ,lacr·s , Hiles , i::iutci iffe , L . C&ldwell , end Cowan. The minutes of the J3xecuti ve Co:n 1i ttee Meeting of Dece:nber as amended . 29 ,7ere apuroved Executive .;,ecretary ·.Ivers reported on the activities of his office . He reported that the AlUinni-~und to date had received $1 0 , 474. 10 bein~ $674. 10 more than of this date last :rear. This amount was contributed by l , 07~ ,ersons , an excess of 85 over this date last year . He al so reported regRrding student uromotion and publici t y . He explained the work that is being done in the rews Bureau and the preparations being mac'!.e to ussist students i n sec·1ring positions . Dean Hewlett made a rep')rt re 6 firc:.ing the enrol l rrient i:md the con1i tion of the school. He was encouraged o.t the unusuully large mmber of applications being made for catalo:::,1rns H.nd other information . He believes that the enrollnrnt during the conin~;- ;year will be in excess of that of the current year. The report of the Business J,1anager vu.,.s presented_· nd received e.s inforr:iation. He believes th at the incor1e "'.Judget wil 1 be realized if not exceeded anrl that the obligations of the College as budgeted can be r;1 et out of this income . The scale of salt..ries as pro ,osed by .President t. c.Hul l en at he mee t ing of December 29 were approved as follows: I nstructors , $1500 . 00 to $2100 . 00 , ssistant Professors , ~1300 . 00 to $2700 . 00 , Associate Professors , ~2400 . 00 to $3600 . 00 , .Professors , $3000 . 00 to $1+500 . 00 . The f ixing of the salary of &ny professor within the lir:iits set v1as voted to be the responsibility of th~ President . t was voted , f;t the re<1ueHt of President fallen , that the J;.nnuity lan of the T.I.A•.A. be ,)ut into operation beginning July 1 , 1945. I t w;.f.> voted that 1·he $12 , 000 . 00 "lOW in the bank being the "Cash Reserve Use of :li'acilities (for b'1il•Hng reston tion) 11 be made avail,...ble for incre&.s ing the o.)tDi'f and iacul ty ::;[,l[ ries as oer the new sal~.:ry scale . Uoved , seconded , nnd passed : a ·aotion.approving the expenditure not to exceed $30 , 0J0 . JJ for finLning the t:--,ird . floor of I.organ Hall_and making repairs in ii.last wd ,/est Hall . Toward tl:is expenditure it was voted to use the $10 , 000 . 00 J.eft the College by Dr . Wm • .::i . Elkins and the ,pll , 700 . 00 now on hann from the A'inance Camua.ign . �co 54 ':;;;;,r" t-i~ ~ foved , seconded , and passed : that +he written o.bligations of the Administration , pa?able to Nelson D. ::.lodes , Treasurer , dated December 5, 1939 of $4000.00, dated June 28 , 1941 of $4990 . 90 , and dated June 8, 1940 for $4340 . 00 wt.ich are held by the Treasurer of the College , 1)e cancelled si!1ce they were advances out of Endowment li'und for the President I s Development Program. This action was taken because all receirits from the .,President I s Develop,uent Program were placed in Endowment and thus these notes had been renaid . The President announced that the indebted!1ess of the Current l\1.nd Account to the :Dnd.owr.n.ent Fund for advances made l-iince Hay 1 , 1933 is now $15 , 400 . 00. The meeting adjourned to meet on Tuesday , March President ' s office . 13. at 2: 30 P . M. in the d!!::u=~ };!arch 13 , 1945 The Exe cuti ve Committee of the Board of Trustees of Centre College met in the · resident 1 s office at 2: 30 P. M. on the above date , with the following members present : President McMullen , Trustees: N. Rodes , F. fol l is , G. McRoberts, and L. Caldwell . The .meeting WP.s opened with prayer by Mr. ::all is . meeti ng of February 15 were read and aoproved. The minutes of the Dean Hewlett made a brief repor t on the nrn11ber of those ma.king inquiries regarding admission to Centre College . To date , one hundred and eighty-one (181) have made requests fo r literature and infon,1ation. This is much larger than in previous years . He reported that the Faculty,had unanimousl y voted approval of the 11 quarter system 11 to be put into operation as of Septer.:1ber 1 . VOT"JD : that the College adopt the 11 quarter system 11 i instead of the 11 sernester system 11 as recor.nnended by the Faculty. Tbe reoort of the Executive Secretary Myers regarding the activities of his office was read and received as information. It showed that we had al.nost reached the goal set for total donations and for total number of contributors to the living endowment of the Alumni . Dr. ~ cMullen submitted the report of the Business Manager. I t showed a gratifying finencial condition. The income will perhaps exceed that budgeted , whereas the expenditures will perhaps be less than that budgeted. tr . Rodes made a report on his visit to New York City , where the endowment investments of the College were carefully studied by . hin.in consultation with Trustee George F. Lee and! r . John K. Barnes , our consultant in these matters . I t showed that our Endowment .l!u.nds are iu a very favorable situ.at ion and the college has reason to be grateful to these men for their very valuable service. VO TED : That Mr . John K. Barnes be paid three hundred dollars ($300 . 00) for his services during the past year . VOTED: That Mr . John K. Barnes be employed for one year beginning April 1 ~ at a salary not to 0 C'l �55 exceed nine hundred dollars (~900 .. 00) a year. This looks toward his giving consthnt suuervision rather than c1.n annual study to our investment . The Program for Commencement .il.xercises v:as presented by President l.1d,Iullen a nd approved by the Board. VOTZD: THaT Honorable Fred '1 . Vinson be invited to . make the Commencement Address . VOTZD: That President McMullen be authorized to sign for the College any agreement made with the Veterans Administration in regard to Vocational Rehabilitation Training. The ·r:ieeting adjourned to l"lednesday , April 18th. at 2 : 30 o 1 clock. This date was set at the request of Dr . Cowan , who now sees no patients on Hednesday and is thus-free to attend the meetings . ~~ ~ Lo;a.f'caldwell , Acting Secretcl.l'y Danville , Kentucky April 18 , 1945 T'.ne Executive Committee of the Board of Trustees of Centre College net on April 18 at 2:30 P . M. in the President's office , vlith the following present : President McMullen, '1 Jallis , L . Caldwell , ~utcliffe , Wiseman, 1cRoberts , Cowan, liles , c..nd liodes . The meeting was opened with prayer by r . McMullen . The minutes of the meeting of March 13 were read and approved . The resident made a reoort of his visit to eastern Kentucky , Somerset, and other places contacting Alumni and friends of Centre College . He reported that Alumni Chapters had been organized at Hazard , and at ~omerset . He had spoken at many high schools and contacted yeung people with a view to interesting them in coming to Centre College. A similar program will follow during the remainder of the college year . Visits will be made to western Kentucky , New York and Washington . The President re1 )orted tha t the word had been received that an .Alumnus had provided in his will for a bel1uest of i10 , 000 . 00 to Centre College . Al so , that gifts of $1 , 000 . 00 had been received from Dr . D. T. Atldnson , ~an Antonio , Texas, as a gift to the Fina.nee Campaign and $900 . 00 from the estate of Mr . C. A. Gleghorn , formerly a student of Central University. The .Business•Manager presented his report , and answered questions regarding the financial conQition of the College. Dr . McHullen reported that the Air Corps Annual hed been published and distributed and the account settled. This will require a net charge on our Current :Budget of approximately $9 , 000 . 00. Of t~is amount , Hr . 8am Jones , the Trustee from Harrodsburg , has made a contribution of $1 , 000 . 00 and vths approaching the Alurrn1i .A.ssociation for a ~ift toward this publication. VOTE: That Dr . ~ cMullen write a letter of appreci a tion to. r . Jones for lis int erest int e .A.ir Corps .A.nnual and for his generous g ift toward its pub1icntion . �56 VOT.SD : 'U•ftt ldessrs . Rodes , !1IcRoberts , and L . Caldwell be appointed as a cor!1'.'.1i ttee with oowar to act regarding the Sc,le of a fifty foot lot on the Perryville Road , and in regard to the sale of the pro;::ier+v on 1/alnut Street , next to t e Colored Presbyterian Church . VOT:::::D : Tr.at the College nccept the l"}roposition of Hr . John K. :i3arnes to act as I nvestment Counsel at a salary of $84'::l . 00 per year. VOTED: To recommend to the Board of Trustees that Honorary Degrees be conferred as follov1S: Doctor of Law on Madi son J . Lee , of Danville , as previously voted by the :3ofrd of Trustees , Doctor of Science on D. T. Atkinso~ , • D. of 3an toni.0 1 Texas , a.nd Doctor of Divinity on Rev . Clem .Edward Bininger , . Class of 1 31 , of ,iilk5.nsburg , Pennsylvania. The meeting adjourned to meet on 'I edne sday , May 2 at 2: 30 P . M. , in the President 1 s Office. At this meeting the :OU.dget for the coming year will be oresented and reco11nendations ri.ade to the Annual ·.1eeting of the Board which is to be held on Ji'riday morning , , a.Y 25 , at 10: 30 o I cl in the President I s ffice . J. .~ Danville , Kentucky 1ay 2 , i91:+5 The Executive Committee of the Bocrd of Truste es 9f Centre College met in the President 1 s Office at 2 : 30 P. M on the above date vri.th the following present : . Messrs . ,lall is , L . Caldwell , Hiles , Rodes , h. cRoberts , \liseman , Cowan and President cHullen . The meeting was opened with nrayor by t!r • . 11~llis. The minutes of the meeting of April 13 were read and annroved. President ,1d1ullen reported that nineteen affirr1ative replies and· no_negattve ones had been received from the Trustees regarding the recommendation of the Execut ive Co.ami ttee for honorary degrees . VOT.l!iD : That the candidates be notified of_ the _action of the Boaru and be requested to be nresent at Com.~encement for the ,conferring of the Degrees . The Budget for 1945-46 was presented and approved as amended. Dr . McMullen mA.de a statement regarding the Denartment of Home Economics . He urged the adoption of a progr&m in this epartment which would meet th~ requirements of t e Smith Hughes Law . '.[1his would require a third member of the teaching staff of this Departmerit ~nd a practice house . The courses required , together yd th the General Education Courseo of the College , would necessitate the students h king one hnnd.red and ninety-two quarter hours rather than one hundred and eigi t;v re½_uired for the other -le)o.rtments . This might nmke it necessary for sor1e students to take a stunner co)lrse . After full discussion it wus 0 VOT::J:D: That Centre Coll ege meet the full requirements of the Bmi th-Hughes LHw in Hor,1e 'conomics . �President McHullen renorted that the Department of Normal Trainlng for Primary School ~eachers would be discontinued at the end of the present semester , but that those naJoring j n this department would be given all thb :vork necessary to gralm.te them and fit them for a pemancnt teacher's certific, te in Kentucky . VQf.PiID : That the President be instructed to terriinate the services of Hiss Harie i . l!1 eldhusen at the end of the present se:nester . ,.rc.,:ir;n : Tl'ut the followin 6 College 'Houses be vacated for th .. use of the fpcul tv "'1e:nbers and for a oractice house for '".he Hor:1e Economics Department': The McGoodwin Ho 1~e (upstairs and do.mGtc.,irs c,r1t,rt:11 ents) Hillcrest (upstairs) , Tunis House (upstairs) , Deke House , and i:>i ,rnn Chi House . Dr . c fallen reported regarn.ing the steps being taken to secure_,,._ Head of the Music Denartment und an additional Professor of Cher.i.istry. He also reported that Professor Hanning had been granted a leave of absence for one vear to com".llete his v,ork for bis Doctor's Degree , and that Dr . C. B. Day has been secured to take this work du.ring the coming year • .Mrs .. Day is to be given work as a Catalosiwr in the Library for this year . The meeting adjourned to 1eet on ,Jednesdr-,y , June President's ffice . 13 , 1945.at 2:~0 P . M. in the .Oi,nville , Y.entuck.y Hay 26 . 1945 The regular serd-,rnnUb.l neeting of tht; Bo«rd of Trustees of Centre College was heU. on ,· oy 25 , 1945 in the office of the President in the Old . Centre f Building, Danville , Kentuch.-y . The ChairmRn of the Board of Trustees , Dr . J . Rice Cowan , took the chair and called upon Dr . lrLri'- H, Caldwell to lead the opening nrayer . President McMullen anrl the followi:r.g members of the Board of Trustet,s were present : }, essrs . J. E. ,/iseman , Logan Caldwell , Howard Van.Antwerp, Jr . , Hugh L. Nevin, Frederick A. ,lru.lis , I ke Lanier , Nelson D. Rodes , George A. foRoberts , .:iar:1 B. Jones , J. Rice Cowan , Charles ,r. 1lelch , Robert 1/ . l, iles , George A . Joplin , Jr . , Robert l!,. Von Thurn , and Jfrank H. Caldwell . Explanations of absence ,vere received. fro1i Messrs . Jesse Herrmann , Fred B. wVachs , Peter H. Pleune , 'dilliam R. Laird , Elbert G. Sutcliffe , and George :h\ Lee . The minutes of the full meeting of October 1944 were approved . - I t was voted that the semi-annual reports of the President , the Dean of the College , the Executive .::iecretary , the Dean of .!en , the Dean of ,fomen , and the Busine ~ Manager be received wi thou.t being read since they. had already been circuleted to the members of the Board. Each of these officers appeared before the board to answer qnestions and to explain more fully such parts of their reoorts ts the Board destred. Upon motion , each of these rer)orts was apDroved and the reporting officer thanked for his efficient services . Denn He\/lett presented the names of the followi~ members of the senior class who had been recommended by the faculty for the degree of Bachelor of Arts : L 57 �58 Cath erine Irene Burke I, ary h.nn B1.1rke Ameli~ Fr~nces Harrington Dororthy Helen Johns .:3etty Jane Lee Virginia Kathleen Morgan Nancy Pauline Woods darnm~r Spencer Lieber Elbert A. Smith , Jr . Nancy Isabel arringin Virginia Erances Poor Mary Adelaide Rabe Margaret Suzanne Russell ~arah Clay Stephens Mary Brown Stith Kenneth Bonta Mitchell VOTED: That these members of the senior class be granted the degree of .Bachelor of Arts . Mr . Clarence Heffel finger was called upon to give his reryort ;,s secretAIJ' to the A5.r Crew. Mr . Hef+'elfinger stated that he publishes u News Lett er mo!fthly which is receivect by 1737 air crew students from 45 states who are stationed in various parts of the world . I n apprecic,tion of this service they have contributed $506 . 00 toward its continuation. Air Crev1 annual s have been sent to each of these cadets . Dr . McMullen commended Mr . Heffelfinger upon his excellent work and expressed.the desire to have him devote half his time to class work and the ranainder as Acting Dean of Men &nd secretary of the Air Crew Alumni-Association. VOTED : That Mr . Heffelfinger 1 s report be received and that he be thanked ~or the excellent services he has rendered . Mr . Rodes. the Treasurer . then ma.de an oral report I declaring that income from the endowment showed an increase over the prior year . The total market value of securities at the end of the 1944-45 fiscal year is $1 , 750. 00 as compared to $1 , 643.00 last year . Gifts totaling $21 ,600 were received during the vear . All but $40 1 000 of the endovr.1ent fund is now at. work. Mr . George Lee , a valuable nember of the :Soard has assisted in securing the services of Mr . John K. Barnes of New York as financial advisor at a salary of $840. 00 for the fi seal year Jul y 1 1 1945-46. VOT"~D : To receive the Treasurer ' s report ~d ~xpress the apureciation of the Board to Mr . Rodes and fr • . Lee for their very valuable services . The Board then adjourned for luncheon at the \/omen's College as guests of the College , to re- assemble at . 2 o'clock P. M. The afternoon session of the r. eeting was held at the I/omen's College . Dr . 1 ,1clvlullen reported what had been done in promoting the finance campaign and emphasized the impo.r ·tance of a definite organization which would effectively enlist the services of all friends of the College in behalf of this car-ioaign. Upon motion by Dr . Hiles , secondect by Mr . Van.Antwerp , it was VOT::D: That a fim:..nce camoaign committee of three to five members from this Board be appointed bJr the Chainna.n to work with the President to organize and carry on the finance camoaign to raise one and one-quarter million dollars . ~aid committee to report its progress at the October meeting of this 3oard. l �59 President Id.lull en presente i the .~nnui ty plan for faculty and s-t;aff. He calle~ attention to the f, ct t,...,Rt the Execntive Com:,1ittee had voted to put into operation the T. I.A •.A. plan of ufl.;vment of five percent by the College and five percent by the individuhl beginning July 1 , 19u5. Dean Hewlett and Profes~or Allen al ~ea.dy have been '11-aced on this progrun •. President McHullen µresented the problem of pe:.st-se~ice annni ty . A sum of $29 , 772. 45 is required by the College to b~1y a one percent past-service benefit for members of the faculty and .sto.ff for the time they have served c.Jt Centre .,ince they becarne thirty-f.ive years of "ge up to June 30 , 1945. The names of those receiving the larger benefits were read , with tre amounts they i,1ere to receive . .1-1.fter u full discussion , upon 10tion by Dr . ,ielch .· d seconded by Ur . Lanier , it was VOTED: To approve :i.n princi pt,. +he past-service annu.:. ty plan c1nd to ,,utrori ~e the :Executive Committee to find \YE\Y'~ and me~ms of carrying it out from July 1, 1945. Dr . d,ullen reported ,..hat h~ h: d formulated his budget t.lready approved by the Exe cu ti ve Con11i ttee , upon an enrollrnent of 175 s t udents for the coming year . Dr . Hewlett roped t.hat we could enroll at least 200 student$ . The inportance of the :Board r.1e·:1bers assisting in seci.1rin1-; students for Centre v1as emphasized. Dr . Mcl1ullen reported regar1ing the repairs being ,nade in the buildings of the I/omen I s College a.s e.uthori"?:ed by the Executive Committee . He asked that the Board authorize the thoro,1gh renair of Breckinrid~e Hall as their project for the year 1945-46 . He stressed the importnnce of making the interior of the building an attractive cor1i'"'lodious home :for boys end also the desir: bility of changing the exterior to conform as much ns possible to the architecture of Old Centre . V 'IillD: That the :3oArd a.:ourove. in princfopl the plan to thoroughly overhaul Hnd repair Breckinridge Hall as their next major building project and that +he Bnilding Committee be instructed to submit at the October neeting of the Board separate plans and specifications for the remodeling of the interior and exterior of said building. L. C. Barnett & Company , Louisville , Kentucky , were re--dected auditors of the College for another yero- . ConL'llittee No . 1 recor,nnt3nded the re-election to the :i3oard the three members whose terr,1s will expire in 1945. VOT~ilD : That dessrs • .liser.ian , Caldwell and VanAntwerp be re-elected to succeed- themselves as Trustees for the te:r:-1 expiring 1949. Committee No . 2 recommended the re-election to the Board of the two members whose ter·1s exoire ht this me ting. VOT:]D: That Messrs . Nevin anr'I. ,/allis be re-elected to succeed themselves as Trustees for the term expiring 1949. Committee No . 2 recommended that ,!essrs.• George A. Joplin , Jr . and George A. McRoberts be re-elected to succeed Messrs . Oscar Letcher and Philip JI'. Barbour , deceased. L �60 VOT.JD : Tr.at George A. Joplin , J r . and George . McRoberts be re-elected as Trustees for the term expirin6 1946. Committee No . ~ recommended the re-election of ·r . I ke Lanier ( 109) to suc ceed himsel f , pnd r . Robert Trimble , Jr . ( 11 3) to succeed r . George F . Lee ; that Mr . Fred Vinson ( 109) succeed Mr . George A. Joplin, Jr.; and that , r .- Lisle Baker , Jr . ( 1 22) succeed Mr . George A. McRoberts . VOT1£D : To re-elect as Trustees, Mr . I ke Lanier for the term ending 1949 ; Mr . Robert Trimble , Jr . for the term ending 1948; Mr. Fred Vinson for the term enning 1947; and Mr . Lisl e-Baker , J r . for the term ending 1946. The officers and comni ttees of the Boar,1 of Trustees were unanimously reelected to succeed themselves for another year . This was done over the orotest of Dr . J . l?.ice Cowan who , having served eleven years as C hairman of the :Soard , stated that he t:el t he has been chairn1an of the Board long enough and that another should be elected to his position. There being adjourneri. r1eeting then \fall.is , :jecretery .Afnended DHnville , Kentucky June 15 , 1945 The Executive Cornni ttee of the Board of Trustees of Centre College met in the President ' s Office at 2 : 30 P . 111 . on the above date '17ith the followtng present : Messrs . 1/allis , L. Caldwell , Sutcliffe , Herrmann , 1/achs , 1cRoberts , ,/iseman , Rodes , Cowan and President UcMullen. The meeting was opened with prayer by Dr . Herrmann. The minutes of the meeting of the :'.Jbcecu,..ive Corrnit tee of May 2 , 1945 were read and aoproved. Dr . McMullen reported that 47 were attending the ;;iummer School. was mo re than WFS anticioated. This nwnb~r Upon recommendation of President HcMullen it was VOTED : To confirm the apPointment of Miss Katherine Cameron as assistant professor in the Denartment of Home Economics at a salary of $2100 . 00 per year including room and board. VOTED : To confirm the appointment of Dr . John H. Wal }mp as Assistant Professor of Chemistr~ at a salary of $2700 . 00 per year . VOTED : . To authorize the resident to fi l l vacancies in the teaching staff as they occur and to renort to the .8:x:ecutive Committee for confirmation. President McMullen presented communication from Dr . Grotjahn asking for reconsideration of the a ction ordering him to vacate his aoartment . After full discussion , the Board deciderl that it would not alter its previous decision. 1 �61 President 1cMuJ.len presented a Past ..iervice .b.nnui ty Plan . He pronosed that : Centre College beginning July 1 , 1945 put into operation on a monthly basis a Past Service Annuity Plan as follows : I. II. :illxceot as in<l.icat ed in II below Centre College agrees in lieu of a ast ~ervice Annuity to iacllty and ~taff to double the amount of the :bu ture ~ervi ce Annuity. Tr.is would require a payment of 10;~ of annual salary by College and 10;& by beneficiary . In all cases where 5,; of &nnual salary amounts to nore than twelve times the monthly premium req_ui,ed to secure at 65 years of age a retirement annuity of l,h for each (one) year of service in Centre College before July 1 , 1945 and aft t r the beneficiary attains the age of 35 years , Centre College agrees to nay the monthly premium required to secure at 6~ yef:l!'s of age the annuity of 1% of annual salary for each year of service in Centre College before July l , 1945 and after the beneficiary attains the a+e of 35 years . President HcHullen presented the finm1cfa.l alternatives. The College could pay $115 . 09 per ,aonth wi+hout paying any other sum as a single prer,1ium or it could pay $42 . 50 per month to meet the obligations in Section and a sin5 1e :nremiu:.n of $10 , 062 . 72 to meet the obli gotion in Section II . VOTED: Trat the 1"bove plan be approverl an,i that r:10nthly payr:ients be made of approxi u,tely $115 . 09 v1i thout ci!l,Y sin,~le pre1iur'1 naynent . vvr. .:m: That ·he gift of • r . ?ercy Johnston of twenty-one . shares of C. I. T. 'in&ncial Corpori:.tion be put in ci senar;-i.te fu1.d to 1eet the exnenl:> e of the Past Service .b.nn11ity rogram . Should other gifts r:1ade to this fund be sufficient to make one payment to the company in 1 ieu of monthly payments, tr·i s nlan is to he fol lowed and President McMullen was instructed to secure a letter fron the company approving so doing when nossible. President McMullen read ~ection IV of the 1.rticles of Incor )Or, ti.on of ''Centre Colle,ge of Kentucky" regarding the names of the len 1 s Department and the ,omen ' s Departm~nt of the Collu ge and ai:iked instructions as to whc1t nan1es shoulti be userl in re,-sr r ,1 to them . VOTED: That Dr . Cowc:.n , President of the Botird of Trustees, and l. r . Rodes, Chairrn;,..n of the liixecut ive Cor'lr.1.i ttee , be ap')ointed a Co,,111ittee of the Trustees to confer with the :Jxecutive Com~ :iittee of the Board of Visitors of the ,,omen 1 s Colle 6 e regarling the name to be used for that College. Dr . Cow 1.n a s President of the Boerd of Trustees announced the Finance Crunpai n Comnittee aut"borized by the P1eetin5 of the Trustees in lay c:.s follows : 1essrs . Sutcliffe, L . Caldwell , and La.nier. President Mdlullen raised the quei,tion as to wro i.,hould sign checks on current , ccount on behalf of Centre . College • . L �62 '"Tj VO'r.rilD : That begin:1ing J uJ.y 1 , 19lt5 . rs . Margaret Morgan , Book'l{eeper , be instructed to r-1ake out al l checks on current accolmt and sign smne for the Col lege . In doing this , Mrs . Horgan certifies that the checks a r e made out in accord vii th the b:!.11 s and vouchers are properly entered on the books • . The checks are to be countersigned by dr . Herbert A. Meyer r Business Manager , who , in signing the checks certifies that tht~ bill is current and witl;lin the budget and authorizes the payment of the same. The meeting adjourned. (J uly , 1945 - no meeting ) .Amended Danvill e , Ken tucky August 24 , 'l,.945 The Executive Committee of the :3oard of Trut.tees of Centre College :net in the President 1 s Offi ce at • :OO o 1 clo ck on the above date with the fol lowing present : .Jessrs . Sutcliffe , Rod~s , L. Caldwel l , ,lallis , McRoberts , ,liser.ilan , Cowan and President McMull en. Let t ers expl a i ni ng reas on for absence were received from Messrs . La nier and Miles • . Trustee Robert Trimbl e of ount ;:,terl ing was present on invitat i on of the resident . The meeting was opened with prayer by Mr . ,lallis . The minutes of the meeting of June 15 , 1945 were read and apuroved as amended . Mr . Nelson Rodes reuor t ed a request from the city of Danville for an option on a certain portion of the campus on the South- west corner of Main Street and Maple Avenue for the purpose of widening the streets to provi de a suitable approach for the proposed via.duct . I t was decided that the are8 involved be staked out so that the exact 8l!lount of ground desired might be visualized . VOT:@D : That the President be authorized to employ if desir" ble , Dr . Mward G. Cornelius as acting head of tte Department of Economic1.:; at ct stilary of $2700 . 00 ,,nd l'< rs . Cornelius as teacher of Art and Hor.1e Economics at a sal.:,ry of ;plOOO . OQ . President ·IcMullen reported tre appointment of i iss Hel en Primrose as teacher of Physical Education for girls at a sale..ry of ~1300 . 00 Wld of Dr . Allan R. Schv1ar z as Assistant Prof P-ssor of oo.ucDtion and Sociolo~y at a salary of .$2700 . 00 . President Mcl ullen reported that to date 23 boys and 51 girls have registered as new students of Centre for the coming senester . He hoped th~t s5 new students would be enrolled when the Col l ege opened . Business fana.ger Meyer repo:cted that purely academic incor,1e for the year ending June 30 exceeded ourel~r academic expenditures by $520 . 68. The following report of non- academic inco!'!le and expendi tnres was presented : A statement of the expense of completing the seconcl and third floors of ,!organ Ha l l : Cost of 2nd floor completion ••• .• ••.•• $1s , 9ci6 . 09 Cost of 3rd floor comDletion ••• •.. . . • • • $18 ,9~3 . ~? Tote.l :7 , 839 .11 C, (') �63· J!'unds used and avnilable for t:1is work : :BalAnce from 1943-1944 .. .... . ...... .. .. .. ......... $2 , 088 . 08 :Balance of Army payments •.•. ....... ....•• ... ....•. $13 , 375. 89 Bequest of Dr . 1,/illiam ;;;; . Elkins allocated for this purpose by Board of Trustees •••.. . . .•• •• . $10 , 000 . 00 :&'rom :&'inancia1 Camoaign :&\mds •••••• •... ••. . .. •. ... $ 7, ~75 .14 $37,8~9 . ll Note : - Of the above cost of the 3rd. floor completion $9 , 000 . 00 is unpaid at thi s time . A statement of the exnense of renovating £ast Hall : ::iistinated by lir . dteiger fro.a bids ta.ken on this work and from Minor costs a.lrecid.y pai d for .. ..................................... ... ... ~11,000 . '.)Q All of the cost of these improvements to be taken from funds ave.ilable in thP. :b'innnciul Canpaign account . Summb.l'y statement of l!'inancial Campaign account : Total gifts received ••. ......•..•••....... ...... .... ..•.••..••••... • $22 , 512 . 50 Total 1;ifts made for specific purnoses .. . ............. $4 , 100. 00 .:::xpenses of camuaign to date • ••.....•..•••..•.•••• ••• 448. 66 .Amount needed in .l!'inancial CcU11pai 6 n account to pay for these improvements . .. ..... ......... . ......... .....•.•...... ... ..... ... . 4 , 548. 66 $17 ,963. e4 ~18 . 7175. 14 411 . 30 ,li Mr . Rodes reported on the securities owned by the Coll ege . This was followed by a dis cussion of the wisdom of selling: certe.in Railroad Bonds in view of the present situation. Presi aent McMullen renorted that t.he Reti rement Annuity Plan has been put into operation as from July 1 , 1945. VOTZD : As a-substitute for all 1revious actions taken on this subject to &pprove the following : A1J1WITY .R~i:rIM'.ENT PLAN :O'OR C.iiiNT.a.E COLL..!.:GE I • . Particination. A retirement pl an is hereby established in which all facul tv 'Uernb,.rs of Centre Coll ege shall particiDate upon the completion of two years of service and in which all staff members whose appointments are other than temporary may participate afte r the completion of tv,o years of service. jfor a faculty or staff member who comes from an institution where he has participated in a similar plan and who has a retirement annuity contract in force , participation shal l be optional from the begi1ming of service and required , if a faculty Manber , as indicated above . L �64 II . Retirement . All participants in this plan shall retire at the end of the academic year in which they attain age 6~. III . Contributions . Each participant in this plan shall contribute , to the nearest dollar , 'S?& of his monthly compensation as pr~ium for his ret ire,ient annuity contract isijned by Teachers I nsurance and Annuity Association on his life: Centre College shall deduct such contributions fro,;1 salary payments , add equal amounts as its contribut ions , and forward these combined sums to 'reacher s Insurance and .Annuity Association as "9remiums on the above-mentioned retirement annuity contract . Contributions under this plan shall cease at the end of the academic year in which the participant attains age 65 . I V. V. VI • Supplementary Benefits . I n addition to the contributions provided in Section III Centre College will , on behalf of each f aculty member past age 35 on the effective date of this plan , Make additional contributions monthly , sufficient in size , if present rates remain in effect , to purchase an additional single life annni ty with oayr.ients beginn:i.ng at the age of 65 of l,b of present salary for each vear of service after attaining age 35 and up to the present time , provided this contribution does not exceed S)b of salary. For indivi cluals with respect to whom the contribution necessary to provide the benefit ri1entioned in the preceding sentence is more than 51; of salary , Centre College and the individual will each contribute 10;6 of salary , instead of 5~ as provided in Section II I to purchase a retirement annuity contract . Contracts . Ea.ch retirement annuity contract written in accordance with this plan will be the . property of the individual participant ; the contract is between the participant and the insurc-ince company. .Amendment . Centre Coll ege reserves the right to modify or discontinue this plan at any time . VII . Effective Date . The effective date of this plan shall be July 1, 1945. President McMullen reported that a meeting of representatives of various organizations of the city ,_nd the County Judge and Mayor of J)anville had recommended the erection of an aurl:i tori um as a memorial to the men and women from Boyle County who had given their li veB in 1/orld 1/ar I and 1/orl d War II. I t was proposed that :i100,ooo .oo should be raiseQ. in the city Rnd county for this purpose end t urned over to Centre Colle ge to build the audi torium on the cc.llilpus for use of the city and county as well as the College . It w.....s prorosed that the Trustees of Centre College control this building through a special cont'1i ttee composed of three Danv ille Trustees , the fayor of the city and the County Judge . It was suggested that this auditorium 1·1ig t form a part of a Student Union Building , the central -o~J't and other wing of which would be a memorial to Cent re College men and Centre Col le ci;e .... ir Crew Cadets who have given their. liv es for their country in ,{orld ',lar II . J.i'or th:i.s purpose , it was hoped that Centre College might raise from the friends b.nd relPti ves of these Centre Col•· lege heroes ,?l~0 , 000 . 00 . The hope was expressed that the type and quality of builriing erected for + ,his $250 , 000 . 00 r,1igh t be doubled by E plan simi ar to the ,l . P . A. after tr,e first 1{orld \la.r . After full dis cussion of this proposal, it was decided to defer action until the next r,eetin6 of the E:x:ecui-ive Comui ttee o �65 'resident t. cilullen presented ":,he -<"foc~s ,·e,;l rding the loss of under-grhdU,c, te students tr'l'OUt~h wit •lrawal from the Collt?ge . :B'or the prst 1.:: years the average loss of students wro-had not finished their work ut Centre College has been 21. 4,;. This vea.r it wE l pro1J.:ibly be ;3 b. :;)ean H ilett 1° s f.i::;ked to ·,:JUrti cipate in the discussion of Lhe reasons for ... his heavy loss . ~fter fu 1 discussion , it \las agreed that at the ne:;t meeting of the :i:.xecutive Cor:ui ttee, each member present a written statement of not more -f;han 150 words sh.ting in detailed concrete terms constructive suB:e.-estions for reducting this heavy student mortcli ty . The meeting ad,journed. Danville , September entucky 14, 1945 The Executive Comni. ttee of the :Board. of 'l'rustees of Centre Coll ege ruet in the PrE-sident 1 Office at ;: o 1 clock P . ?vi . on the above date with the following present : Jessrs . ,h-.llis , · c:.nier , • Caldwe ll , 'iles , ,f,:j,chs , Rodes, ·'ciloberts , ',/isem,i,n , Cowan t\nd President . c! ul .en. Reasons for hbsence of •. essr:.; . i:>~1tcliffe Hnd. Herrmann were given. s The meeting was opened wi tl1 Drayer by President McMullen . 'l"he minutes of the r, eeting of August 24 rrnre anproved with c"mendments s,1.!'lting t~at ,. he specific tems of em Jl.OY"lent of Dr. and rs . Cornelius , Dr . ::ichwarz and Hiss Primros-e . President HcHullen re'!)or ted that eight,r-five (85) new students had registered The President also· reported that 1iisa1an Menorial Dor ·iito ry has been opened i no. that the .rooms vrill be filled the first quarter . The Dining oom on the h.en 1 s Campus wil l be opened and no- men students or faculty will be boarded on the 11ome11 1s Campus . to dat8 and that ei-ghty- nine ( S9) old students were retu1·ning. The President reported ... hat Dr . ,i.nd !rs. Corneli.us found i.t im1Jossible to leave their ,.)resent ryosit ion now and thb.t Professor Leonar d D. Nichols had been secured as Assistant 1-rofessor of Economics and Business Administration for the coL1ing year. · r . Nichols took his B. ~ - in this field in ittsburgh Wld his taster ' s Degree and all of the work except the thesis for his Doctor's Degree at Col umbia University . Mr. Nichols wil l c<ne on a. nine month's contract for a salary of $24oO . OO . Mr . Edwin Kubale has been invited to take chldrge of boys I l:lthletics on the Centr e College Cum~us for the year at a sru.ary of $1 000 . 00 for such time as will be necessary to rlo this work. These appointnients complete the list of faculty for the coming year. The subject of 11 student mortali ty 11 was discussed at some length . A carefully prepared naper on this subject 1Jy Dean Hewlett was rend . It showed the r ecord of +he den ' s College and the 11omen 1 s College for the PhSt twelve years a nd compared this with the record of othbr institutions . ,fri tten coG1P1ents by the members of the Executive Committee and one by r . Robert Trimble on this subject were read . These were placeri. in tr e hanr1s of Dehn Hewlett for study . He was asked to make a further report at the annual meeting of the Board of Trustees . L �co 66 ~ President Mcifo1-len reported that there seemed little possibility of rece1.v1.ng a l!'ederal g r i.nt toward the building of the :)ronosed aurU torium if it were owned bnd controlled by Centre College , a private ins ti tntion . After discussion it was VOTZD : That since Federal Aid cannot be secured for th~ erection of the emoria.l A11di tori um if erected on the Centre College Campus , that it would be for the benefit of the community if this auditoritu.11 were buil t elsev1here and owned.and controll ed ~Y the City and the County. Upon recomnend[ltionof President tlcHullen , it was VOT"DD : and the ,fonen 1 s 1946 as To invite the jynod of entucky U. s. A. Synod of Kentucky U. ~. to meet on the Campus during the first half of tieptanber guests of Centre College . VOTED : Tha.t the l!'al l meeting of the Boe.rd of Trustees be held on October 1 2~ 1945 at 10 o ' clock A. M. in the President I s ffj.ce . Dr . McMullen er.1nhasized the impor .. ance of taking ct(lvanta2;- e of the op·1ortuni ty presented oy t 1e non-use of Breckinridge Hall and other property to prepare them for the opening of t h e College in 1946 . Plans for the thorough- going repair of this bnilr'l.ing were being ')repared and will be oresented at the Ji~al l meeting of the Board of Trustees • . Ue;;otiations are being carried on by Trustee Fred Vinson for the ourchase of suitable auparatus for our laboratorie.s . I t is important that fun<is be available for these pur;Joses and President McMullen suggested that credit should be set up in the Bank which would enc.ple hi s work to be done and this apparatus purchased during the coming year . After discussion , this matter was referred to the annual meeting of the Board of Trustees . There being no further business , the meeting adjourned . J . Rice Cowan , Secret&ry JR!o~ ~ 0 (') �1 Danville , Kentucky October 1 2 , 1945 The regular Fall neeting of the Board of Trustees of Centre College was held on October 1 2 , 1945 in the office of the President in the Old Centre Building , Danville , Kentucky . The Chairman of the Board of Trustees , Dr . J. R. Cowan , took the chair and called uoon Dr •. cMullen to le;:;.d the opening prayer. President McMullen ancl the following members of the Board of Trustees were present: Messrs . J . E. ·v{iseman , Logan Caldwell, Howard Van.Antwerp , Jr., Hugh L . Nevin, )!~rederick A. ·.vallis , I ke Lanier , J esse Her!"..nann, Nelson D. Rodes, George A. McRoberts , Sam .B. Jones, J. R. Cowan, Robert v{ . Miles , Elbert Gary Sutcliffe., George A . Joplin , .J r. , Frank H. Caldwell , Lisle ~aker and Robert M Trimble. . Explanations of absence were received from :!!'red :a •. 'd achs, George .l!" . Lee , Ho.bert Ji' . VonThurn end 1/iHiam R. Laird. Others absent were: Charles vi. Welch, Peter H. Pleune and Fred Vinson. The minutes of the meeting of the .Board on May 26 , 1945 were approved . It was VOTED: that the semi-annual reports of the President , the Dean of the College , the Executive Secretary , the Dean of Men , the Denn of Homen, the Business Manager, the Treasurer and-the Librarian be received without being read since they had already been circulated to the members of the .Board. Upon motion , each of these reports was am)roved and the reporting officers thanked for his splendid services . Mr . Howard VanAntwerp spoke on the h0using situation confronting Cent re Coll ege next .!!'all if , as both President McMullen and Dean Hewlett believe , the College will enroll 200 men students in 1946. I t was agreed 'ey all nresent that in addition to i/iseman Hall and the three fraternity houses owned by the Colle ge , additional housing will be vi tally needed to house the expected male students . Mr . Van.Antwerp nresented the nroblan of fraternity life on the campus and it was suggested that a small group of l"1en from the Board of Trustees , renresenta.tives of the frateri1ity grouos , and from the Administration r11eet to a.iscuss the orobler.as and decide what should be done . Dr . McMt1l len reported that a meeting was being .held tonight (Friday, October-12) in his office with the various groups interested to discuss the nroblems of fraternity life on the campus and invited all members of the .Board of Trustees to be present . Dr . Cowan corrm1ented on the report of the Executive ..iecretary and the question was raised as to whether the maili ·1g campaign for nrosnective students woul d produce the results expected • .After full discussion of t h is ~atter it was VOTED: that the .Board of Trustees go on record as favoring a more intensive program of personal cultivation of nrospective students, the details of the progrmn to be worked out by President McMullen and Mr . Myers . Mr . Elbert Gary Sutcliffe gave his reoort us Chairman of the Finance Campaign L �2 Committee . The discussion which followed was led by Mr . Jutcliffe and Dr . Caldwell on the n eed of obtaining both financial and spiri+;ual supnort of Christian education in Centre College . I t was suggested that the ministers of the Board get together , discuss the p roblem and then neet with the Committee and plan ways and means of obtaining this support. Mr . Frederick A.. Wallis renorted that at the recent meeting of the Synod of Kentucky (;;iouth), October 8- 10 , that it was voted to approve a campaign for $1, 250 , 000 and an annual subsidy of $7000. I t was noted that the Synod of Kentucky U. 5 . A. and the Synod of Kentucky U. ~. would hold their joint me eting at Centre College in Septanb_ 1946. er Mr . Lisle Baker and Mr . Robert Trimble , the two new !'llembers present , were sworn in as active members of the BoArd. Dr . J. Rice Cowan appointed Mr •. Hugh L . Nevin and Dr. ]'rank H. Caldwell to frame a resolution of co ndol ence to the family of Dr . Pri.illin Barbour. Dean Hewlet t presented the names of the following stu1.ents who had been recommended by the faculty for the degr ee of Bachelor of Arts : Sara Rogers Coffman Georgie Lee Sage Susie Norris Guerrant J uanita Truitt William Hanco ck Breeze VOTED : That the above-mentioned students be granted the degree of Bachelor of Arts . Dr . McMullen announced that Open House would be held at the 1fomen 1 s College from 3: 30 to 5: 30 :&'riday afternoon- (October 12) and invited all members of the Board to attend. The .Board then ad,jo 1rned for l uncheon at 1/iseman Hall as guests of the College , to reassemble at l: 30 P . M• .1-1.t the afternoon ession it was VOTED : To send telegrams to Hono rable Fred M. Vinson , Mr . FreC1. \/ach s , and Dr . William R. Laird. Mr . Hugh L. Nevin presented. blne prints for the complete renovation of Breck Hall. The olan is to L1oderni ze the interior and . remoq.el the exterior to conform as nearly as oossible to the archite cture of Old Centre . 1r . Nevin had contacted Mr . A. YI . ,falker in Danville who had computed the cost very exactly and given the figure of $120 , 000 . After complete discussiqn of the matter ; cost ; where and at what r a te of interest tle nonev could be borrowed , it was VOTED : Thut the i3o:.:.rd hUthorize the reconstruction of Breckinridge Hall with the fignre of .,,125 , 000 in mind and that the Board find where and a t what rate of interest this money could be borrowed . Dr . -!cl.ullen brought the matter of the much-needed equi pmen t for the Science Building bef0re the Board . President McMullen reported that he had been in contact with Mr . Jfred Vinson who was looking into the matt er for the College . I t was thought that the equioment misht be bought from surplus stocks owned �by the Government . Mr . Jones thought that private corporations should also be canvassed as possible sources . J~fter disucssion it was VOTED: That the .Board authorize Dr . cMullen to loc~te this material and that final decision as to whether i-t should be bought and the price of same be left ~o the Zxecutive Co!':lrll.ittee ~ Dr . Ivdiu1.len told the Board that the lain Building , Gymnasium , Ru.nning Track and Tennis Courts were badly in need of re9air and he wanted to report to the Board that the repair biU for th e year would be higher than usual . The Chairman nresented the Retirement Plan for discussion . Dr . cMullen ns>:ed that the Board decide sonething definite at this meeting . After discussion , it was VOTED : That 65 be fixed as the retirenent age for members of Centre College Faculty and that .the plan be adopted as previously .set forth . Dr . Caldwell moved that the Board express officially its anpreciati on to Mr. Meyer for his splendid re :)o rt , not only for this year but for all previous years . Mr. Rodes discussed his report as Treasurer.and wanted to know whether the Board was s·-tisfied with the wny the funds of the College were being handled •. After discussion of the report by 111embers of the Board , it was V0TED : That the :i3oc.,rd express officially its confidence in the Treasurer and the r:ia.nner in which the College funds were being handled. The reports of the Dean of Men , and the Board VOT.f.lD: ean of 1lomen . and Librarian were discussed That President McMullen write letters to all members of the Staff who submitted reryorts ex?ressing the appreciation of the Board for their good work over the year • . Dr . ~.Iullen read a lette r from L. C. Barnett and Company , Louisville , Kentucky , auditors of the College , ::mggesting that the work of .the Treasurer and the Business Manager be coordinated . The letter was referred to the Executive CorM1ittee for their consideration, a report to be made to the Bonrd of Trustees later . There being no further adjourned. �4 Danville , Kentucky November 2 , 1 945 The Executive Commi tt ee of the :Board of Trustees of Centre College met in the President 1s office a t 3 P.i . , November 2 , 1945 . The fol l owing members were present : 1essrs. Cowan , Logan Caldwell , Lanier , Miles , Rodes , McH.oberts , ;:iut cliffe , Wal lis and President cMullen. .Messrs . Wachs and liseman were absent because of sickness and Dr . Hernnann because of having to conduct a funeral servi ce. The meeting was opened with prayer by Pre s ident Mc.Mullen . The minutes of the meeting of September 1 4 were read and approved. President McMullen reported the enrollment at present to be 1 22 girls a.nd 56 boys . Dr . Miles reported certain conversations which threw 1 ight upon the mortality among women sturlents . This was follovred by a discu ssion of this problem. The f i nancial statement of the Treasurer was presented. Attention was called to the fact that the accmnulated deficit of September.30 , 1 945 of $55814. 51 would be reduced. to $20044. 45 this being the amount to be transfer:c~d from the Financial Campaign ac cou n t to Current Account to pay for the alterations in Morgan Hall and East Hall on the Women I s Campus and Air Crew Annual. This leaves the real deficit of ~epternber 30 , 1 945 $35720. 06. Mr . Wallis , Secretary of the Board of Trustees , read the resignation of Dr . McMullen as president of Centre College , dated October 11 , 1945. VOTED : To accept the resignation of Dr . McMullen. VOTED : That Dr . McMullen be asked to c""rr;v on the present duties of the office until the next meeting of the Executive Comr1 i ttee . This Dr . McMullen agreed to do . Dr . Mc.Mullen withdrew from the meeting . VOTED : That a. comnii ttee composed of Dr . Cowan , Mr . Rodes and Dr . Miles , or any two of them , wait upon Dr. McLeod and a cquaint him .with the present situation at Centre College. Dr . MdAullen then returned to the meeting . Dr . McMullen presented a comr!lunication from the Presbyteri an Foundation regarding the vYilliarn llorkman legacy of $5550. 00 the income from which is to go to Centre College with the understanding that out of this income the College 11 keep the graveyard at Gilead Cemetery in Bath County• Kentucky , fence , and clean off weeds and brambles , etc . 11 I n the past the :b'oundation had sent to the Synod of Kentucky $45. 00 to keep the cemet ery and the balance of the income to Centre College . The Synod and toundation have requested that in the future the entire income be sent to Centre College and that the College be resnonsible for the upkeep of the cemetery. That Centre College accept the entire income from the \{illiam Workman legacy of $5550. 00 with the vorrED : �5 understanding that the College is responsible for keeping up Gilead Cemetery in Bath County , Kentucky. A communication from L. C. Barnett & Company , College auditors , was.presented by Dr . Mc\!ullen. He strongly urged 11 that there be closer cooperation between the ~ccounting Department of the College and the Treasurer of the Endovm1ent Jfund . VOTED: '.That President McMullen take up this matter vii th Treasurer Rodes and .Bnsiness Manager Meyer and report at the next meeting . President 1cMullen presented a communication from Trustee Robert Trimble · offering to buy a car to be used in active campaign of student solicitation. VOTED: To express to Trustee Trimble the sincere appreciation of the Boa.rd for his generous gift and ask Mr . Rodes to appoint a cornmi ttee to purchase the same. The meeting adjourned. J. L Secretary �6 (Co-py of letter from Dr . R. J . McMullen to Mr . )!'red J.. . 1/allis) Mr . Jj'red A. i/allis , Secretary .Board of Trustees of Cent re College y dear Si r : Since there is reason to believe that President R. L . lcLeod , now on leave from Centre College , has either already been discharged from the Uavy or soon will be , it seems to ~e to be nroper for the .Board of Trustees to take up with him the question of his returning to his position as President in charge of the institution . I n order to give the .Board perfect freea.om of action in this matter , I hereby submit my resignation hS resident of Centre College. Please allow me to avail myself of this opDortunity to exoress to each and every nember of the Board of Trustees my sincere appreciation of their cora.ial and wholehearted sunnort of my administration and to wish for Centre College rapid progress toward that glorious future which is ;>o,ssible for her . Yours c_ordial ly , R. J . McMullen (Signed) Danville , Kentucky October 11 , 19u5 ( Copy of let.te:r· from Dr . Hobert L . h cLeod to Dr . J . Rice Cowan) Grenada , Mississiopi November 17 , 1945 Dr . J. Rice Cowan , President Board of Trustees Centre College Danvil l e , Kentucky Dear Dr . Cowan : I t was a joy and deli ·l t to have the vi sit with vou and Hr . Rodes a few 1-ays ago in Asheville . I hope you will convey to the entire Board of Trustees my deep appreciation for their consideration of me reg:.rd.ing my continued relationship with Centl·e College as President . Most assuredly the Trustees have been more than fair with !'le throughout my entire connection with the College and now as I sever my relat ionship as President , I do so with the h i ghest regard for the Col lege and everyone connected therewith. I t is , therefor e , of ny own free will and accord that I hereby officially resign as President of the College . I sincerely hope that Dr . McMullen , who has done and is doing such an excellent job will feel thnt he can continue as President . I f such is possible , may I be the first to congratulate the College and likewise Dr . McMullen. 0 I shall always be interested in the welfare of Centre , and if I can ever serve here in any capacity , I hope ~he 'l'rustees will feel free to call upon me . \{i th best wishes and kindest regards , I am Yours very truly , Robert L. !cLeod , Jr . (..:,igned) �67 Danville , Kentucky November 2~ , 1945 The Executive Conmit:ee of the Board of Trustees of Centre College met in the t'resident 1s office , t 2 .1::' . ll . , Hovember 23 , 1945. The following members were nresent: Messrs . wlallis , Jut cl iffe , Lanier , L. Cal dwell , .:.lodes , HcRoberts , 11iseman , Cowan and Dr . McMullen . Communications explaining absences were received from !.!essrs . Herrmann , ~-,liles, and 1/a.chs . The neeting was opened with prayer by !r. 11~llis. The minutes of the neeting of lifovember 2 were read and· approved. Th e Presiclent of the .Board of Truste.as read a letter frorn Dr . Robert L . iicLeod offering his resigmtion as President of Centre College. Hoved , seconded and carried : that the resi 6 :w.tion of Dr . ...lobf,rt Lee i,lcLeoci Jr . r~s President o~ Centre Col l ege be accented. Dr . Cowan was instructed to write a letter to Dr . ,IcLeod expressing the Board ' s apprecL tion of hit:l work and its high regnrd for his splendid character. loved , seconded , and ca~ried : that since the :iJxecutive Committee has received letters of resignat i on f·rom both President :, . L . McLeod and President· .rl. . J . h cHul len ( see letter Rttached) and" since these resi~nations have be.en a c cen t ed b the 2xecntive Committee , the ZXecutive Corrr1i ttee umrnimously recoMnends the election of· B.obert J . Udlllll en as President of Centre Colleg·e and haveso voted 1-cs rtembers of the Board of Trustees of Cent·re College. .\ The other r1enbers of th·e :3oRrd of Truste0s are· asked to re'gister their formal votes on the attached ballot r-t the earliest possible moment and return the some to the President of the Board of Trustees. I t ,7as moved, s econn.ed, and curried : that the names and einount s .u, iven by the subscri bets to the ]'inancial Ca1,i.9c~i gn be recoreded in the minutes . (See attached sheet ) I t was noted that the resident of the College has written a personal letter of appreciation to eacn donor . Moved , seconded, and carried : that the Treasurer of the Co lege make arranga~ents to have funds , as needed , avail able to be used for the renovation of Breck Hall and for the purchase of supplies for the Bcience Depart ments . After discussion it was : VO'r.illD: that the Chairman of the :!i:::::ec,1t:i vc Committee ,vrite a letter to Mr . R. L. Myers expresoing to him L �68 the Cor1nlttee 1 s aryprecif.tion of the fine work that h has done a.s Publicity ianager and alumni tiecretary and state the desire of the Trustees that he so arrange these activities as to give the rr'la,jor portion of his time in the future to student solicitati6n . Mr : Caldwell and &utcliffe were appointed as a comnittee to purchase a car for the use of those engaged in the solicitation of students , or , if such ii:, not available to make arranger·1 ents to obtain transportation. for those so engaged . The meeting ~djourned . lfovember 23, 1945 Centre Co lege of Kentucky Gifts Received: .aev . J . ....ndrews iJ • Dr . D. T • .At1dnson , M• .0 . !1lr . wsl ey Brown Mr . Logan Caldwell Central 11holesale Co • . Dr . 1r . J . Rice Cowan j,.r:1 B. Jones Mr . George h . Joplin Dr . C. L. Kennedy Dr . ,iillicim R. Lairtl , H • .iJ . Mr . I ke Lanier Dr . Robert L. HcLoed , Jr . Dr . :.lobert J . HC!1ullen !fr . J . ,, . cNeill , Jr . Justice J . C. llc.reynolds Mr . George a . cRoberts Ur . H. C. lloore , Jr . Ur . Hu5h L . Nevin Mr . J . L. Pearce Dr . Peter H. Pluene Hrs . Mary Fox Reutlinger Mr . NelsonD . -odes . r . Elbert (}. Sutcliffe .1r . Howard Vf nAntwE-rp , Jr . Mr . J . LI . Van ,linkle .-r . J . E. '.1iseman Mr . \}eorge :l!'. Lee ~ 12. 50 2,000 . 00 2 , 500 . 00 3 , 000 . 00 300 . 00 5 , 000 . O 1 , 000 . 00 100. 00 100 . 00 2 , 000. 00 3 , 500 . 00 100. 00 3 ,000 . 00 500. 00 1 , 000 . 00 750 . 00 ~5 . 00 500 . 00 1 , 000 . 00 50 . 00 1 , 000 . 00 1 ,000. 00 ,000 . 00 50 . 00 1 , 000 . 00 5 , 000 . 00 200 . 00 *Notes : Dr . Robert J . Mcl!ullen (Harch 31 , 1946) ,p2 , 0()0 . 00 Hr . George A. t.IcRoberts (Jan. 20 , 946) 750 . 00 !, r . ' • eorge a . ilcRoberts (Jan . 20 , 1947) l ~oo.oo TOT.AL . l . .. .. . . . . . .. . .. ... . ... $ 3. 2r:;o. oo . ~3s .937 . r:;o �69 Gifts Snecifically DesiL:na"'.;ed: "fr . i5aru B. J ones (:b~or the Cadet Annual) ,?l , 000 . 00 Dr . ;"lillirun R. Laird (.tor t'he ,lillfam R. Lcdrr'l Ji'oundation) 2,t),,1 . O0 Dr • •{obert J . i!d:ullen (ior the .L edd- Cheek Cril-l.ir of lc.ssical Lan,;11a,_;es) 1, 000 . JO Dr . Robert J . t.!dfullen (ior the nnrchase of Rous~ on Lake) - 3 , 000 . 00 Justice J . C. HcReynolds (For Prizes) 1 ,000 . 00 11!:r . E • .1 . earce (For the Redd- Cheek C hair of Classical La.ngm.ges) 1 ,000 . 00 -Hr . J . H. Van Wi:nkle(Ji"'or the Deoartrnent of Electronics and l:'hys ics) 1 ,000. 00. $10 ,000 . 00 Expenses : Dr . Henry H. Sweets (Travel Expenses) Printing Postage Express Charges $340 . 00 91 . S4 16. 60 1.12 448. 66 l~or part of cost of completing 3rd floor of Morgan H· 1 and re-r:1odeling East Hall Total Honey used or specificc.lly tiesignated Total Cash now on hund Total Cash and Notes now on hand L 19 ,094 . 45 29 , 543.11 8 ,144. 39 11 ,394. 39 �70 (Copy of letter from Dr . Cowan) Danville , Kentucky November 24 , 1945 Dear Sir : I n December 1942 resident Robert L. HcLoed annonnced to the Exec·1tive Cor.1 ttee ,1i that he wcis leaving Centre College to enlist as a chaplairJ. in the Na~y. The Executive Committee granted him leave of absence for the duration of his military service . Dr. James H. Hewl ett , Dean of the College was appointed Acting Presirlent . s time went on the Executive Com.~ittee realized that ulthough Dr . Hewlett was rendering a loyal and able service , it was imperative to have a ?resident in charge . After consul tat ion with Dr . ? cLeod , who was th~n in \va.sh~ngton , D. C. , and at his sugg estion Dr . Robert J . Hclrnllen was elected Co-President and came to us in September , 1944. I t was agreed by Dr . l,1cLeod end Dr . ,icMullen that this arrangenent should be tennorcir:v and that when the time ce.me ,.hat both of tbem were available the;v would be free of any obliga tion to the College and that the College would be free to select a President and that the selection should not be limited to either of these gentlemen. Dr . McL eod was recently discharged from mili t ary service . On November 2 Dr . !.!cl,!ullen oresented his letter of resignation to the .i£xecu ti ve Committee . His resignation was accepted. A copy is attucl:ted . On November 14 . r . Nelson D. Rodes and I interviewed Dr . {cLeod in Asheville , North Carolina and after a discussion of the plans of the College and his own pl.qns he t endered his resigna tion. .A copy of his letter is attached. A.t a called meeting of the Zxecntive Corm1ittee Hovember 23 Dr . McLeod ' s resignation was accepted and the following motions were made o.nd carried: 11 that the resignation of Dr. Robert Lee McLeod , Jr . as President of Centre College be accepted . 11 11 that since the Executive Committee has received letters of resignation from both Presia_ent R. L . McLeod and President R. J . McMullen and since these resignations have been accepted by the Executive Committee , the Executive Committee unanimously recommends the election of Dr . obert J . Md.!ullen as President of Centre College and have so voted as members of tr;e Board of Trustees of Centre College . 11 The elect ion of the Presi d ,::mt of Centre College is the function of the full Board of Trustees . I n order to avoid the necessity of calling a meeting of the Board at this time this matter is submitted to vou by letter and you are urged to vote on the el ection of Dr . !v!d.lullen as President of Centre College and return vour ballot without delay to the undersigned . A self-addressed envelope is enclosed for vour convenience . Yours truly , df:.tw~ Chainnan of the Boa.rd of Trnstees �10-A Danville, Ken t.ucley January 15, 1946 The Executive Committee of the Board of Trustees of Centre College met in the Office of the President at 11 A. M., January 15, 1946. The following members were present: Messrs . Wiseman , McRoberts , Rodes , Wallis, L. Caldwell, Sutcliffe, Miles, Herrmann and Cowan and President McMullen. The meeting was opened with prayer by Dr. Hernnann. Mr. Meyer presented a report of the financial condition of the college at the end of the half year , Dec. 31st. Moved, seconded,and carried: that the President be authorized to make application to the Federal Housing Administration for twenty-five (25) units to house married veterans studying at C entre College. Moved , seconded, and carried: that the President of the Board of Trustees be authorized to sign the contract for the rehabilitation of Breckinridge Hall . Thia contract is made with Mr. Walker of Danville, who for a fee of $8000. 00 will supervise the work, the College paying for the material and labor. The Committee adjourned for luncheon in the College dining room and reconvened at 1:30 P. M . Moved, seconded, and carried: that the President of the Board of Trustees apnoint a committee composed of three members of the Board and Dean Hewlett to investigate and report names for the position of President of Centre College. The Chairman appointed Trustees N. D. Rodes , Howard Van Antwerp , R. w Miles, . and Dean Hewlett . It is understood that this committee shall feel free to call upon any manber of the .Board f or assistance and are empowered to enlarge the committee and fill any vacancies on it . Moved, seconded , and carried: that the committee report progress made to each successive meeting of the Executive Committee. At 2 o 1 clock the Committee met with the members of the Faculty to discuss the present situation and to assure than that there would be no let up in carrying forward the program of development begun at Centre College. At this meeting Messrs . Rodea. Miles , and Cowan spoke and responses were given by Professor Allen and Dean Sweeney. ' The meeting adjourned. IQ J (ZRf.o (Signed) d,1ce C o w a ~ �t . .,, C �71 (December , 1945 - no meeting) Danville , Kentucky J anuary 5, 1946 The .Executi.ve Co:-nHtee of the .Board of Trustees of Centre College 1,1et in the Office of the President at 2:00 )_'.\i . , January 5, 1946. The following members were present : Messrs . L . Cal a.well, hliles , Hodes, '1/i seman , McRoberts , Cowan and President 1cMullen. The meeting was opened with prayer by 1r. Rodes . ,1oved , seconded , and carried : that the offer of the town of Danville to purchase for the sum of ~500 . 00 that small portion of the campus , as staked out , on the southwest corner of . ain and ·,Iap l e Avenue for the purpose of widening Luin Street be accepted , with the agreement that the town of Danvil 1 e move and replant hedge ; move and replace sidewE'lk; and put t} e grounn.s in good condition. !love , seconcled , an'1 carried: that the $700 . 00 note for repairs to the iliseman Cottage on Herri ngton Lake given to the Citizens ational :Bank of Danville , Kentucky , by Mr . Rodes be paid out of capital funds . Moved , seconded , and carried : that the Executive Comrni ttee rrieet again at 11 :00 A. M. on January 15, in the Office of the Presi ent , and after lunch :1eet with the fficul ty and an.l"linistrative offi.cers at 2:00 P . H. After discussion , it was hgreed upon that the letter (see letter at+.ached ) written by Dr . Cowan , Chairman and Llr . liodes , SecrP-tary , to the Trustees , and announceinent to the Press (se e copy attached) concerning the resignation of President UcMu1-len be inco:::-porated into the ninntes . The lneeting adjourned to reconvene on Jsnw. . ry it=; , 1946 at 11 : 00 A. M. J . ~ ; , : i)ecreta:cy (J,,.m1a1·y, l:)t(j no ,teetlrrg) o· / v \I\:./~ ( Copy of letter.signed by Dr . J . Rice Cowan, Chairt•'an of the Board of Trustees , And counter-signed by hlr . Helson D. Rodes , Chairraan of the .:llxecutive Com:1ittee , Bo£.rd of Trustees . ) J t:inuary 5, 1946 To the Board of Trustees of Centre Coll ege : T1ne fol 1 ov:ing res111ne t nri exnlr~n"tirn of the events of the oas t few weeks is sent to ;vou for 70'J.r infor:.ib.ti on: ,i½.en the plan of h,wing a Co-President to serve during the absence of Dr . l.!cLeod while serving "s Chanlrin in the NF.VY vras adopted by the Board of Trustees of Hay 19, 1944 , rn t.. 1sreement was made ,nd c.ccepted by all parties concerned to the effect that v1hen Dr. '.lcLeod and Dr . ,IcMullen should be �I 12 available then it w&s agreed that each o+' them \'0'1ld be freed fro:1 c:ny furt:ber oblig.rtion to serve Centre College , nnd Centre Colle 5 e would be free to elect a president and the choice would not be lini ted to either of the above "'1entioned . Dr . McLeod WflS discharged from the lfavv and Dr . Md.follen on November 2 , 1J45, tendered his resi;;n;.~tion which WHS accepted . The :.i-Jxecutive Com.r1i ttee then entered into r full discussion of the President for Centre College anil unr,nimousl-y decided "'"hat it was of the utmost imnortnnce to secure Dr . Iclfo len for the t office . The Executive Comni tee tr.el instl"llcted Mes.::;rs . J.oa.eo and Cowan to visit Dr • . cLeod and acquaint him ;vi th the decision of the Executive Co:.1ri1 i ttee . .On l ove.rnber 13 !.~essrs . lodes and Cowan visited Dr . McLeod in Asheville , .r. C., and discussed with ri··1 the pl.,,ns wr ich b .. d already been beg-tin. .Aft er u most pleasi..nt Pnd :::'riendly interview , Dr . McLeod tendered ris resignation. ~fter discussion the l'..Jxecutive Corni ttee decided thi•t it WHs to the best interests of the College to secure .Jr . , cHulJ.en for the residency to carry out +he plBns he rad t lr eady ini tirted. .At n .meeting held on l\ovenber ?;, 1345 , D-r . !cLeod 1 s resignation was accepted . .At the same raeeting t, e Executive Conr·,ittee ummiuously 11or.1inated Dr • .1cHullen for President of Centre College . The college office sent ballots to each raember of the :Bo.,,r,1 . These ha.llot rtoturned a favorable imd unani,nous vote for Dr . HcMullen. meeting of the :3:xecuti ve Con 1i ttee was called for lfovember 30. &nd, fal 1;hough a q1. orum was not present , the br1lots were read. Dr . HcMul len then announced that he ht.d just receive,'l. a telephone call from New :(ork urging him to accept the position of Executive Jecretaqr of the 1.ssociated Board of Chri sticn Colle6es in China , r-md stated th.-.. t the call WAS so urt,;ent that he ,.iust ,.,i ve it consideration ;..nd would rcc,,ulre tir:1e to decide . A This announcement ,ms a complete s1.1rpri1.1(,; ,is it wr,s the fir st intimation trat the offer of the Preoidency to Dr . 11 d1ullen would not be accepted . 1 At a -call :neetinp; Janu.>.ry 5, 1346, Dr. l cMullen annom1ced 'hat 1 e hP.il accepted the ca 1 to the CrristiLn Colleges of ChlnEJ . Dr . ,1ci.lullen hl:is agreed to continue to discharge the duties of the President of Centre College until October , 1946 , e~ccept for a tv10 month I s 1 eave during the next s1ll.nner. The Executive Coum;ttee assures you that the plfins alreadv begun will be vigoro 11sly carried out . ~ • Ric Cowan , Chai nnnn, ard of Trustees Nelson D. Rodes , Chairman , Executive Corrimi ttee , Board . of Trustees . DuwUle , Kentucky l!'ebrnnry 9, 1946 Tl1e Executive Comni ttee of the Board of Truste0s of Centr'3 Col lege met in the office of the President at 2 : 30 P . 1., lt'ebruary 9 , 1946. The following members were present : Messrs . disa:1.an , l. clioberts , hodes, L, Caldwell , Cowan and President McMullen. TJ,,e 'Tleetin& opened with praver by Dr . Hd~ullen . 15th ~etting were approved. The I'linutes of the Janur ry I �73 r . Rodes, cl:airr.1u1 of the committee on investi;t ting and reoorting names for the off'ice of President , read a form letter prepared by the comri.i ttee to be sent to about one hundred r1enbers of the Al umni Associb.tion asking for suggestions . Moved , seconded , and carried : that the following fees be chnrged beginning. ..jentember, 1946 at the Kentucky College for 1/ornen with the understanding that the increaserl. tuition of $80 not be collected from those students who were in college when this increase WPS made : lID:._resident students , tuition including courses in theoretical and historical Music and Art in class, Laboratory l!'ees, ~tudent Activities ]'e19.s , including Lectur e and Concert ]'ees , Dues for cltudent Government Association, Athletic .Association, Y. Ii . C. ..... e.nd subscrintion to t,he Centre College Cento and the Co1.lege Yearbook , Olde Centre: use of organ , piano and orchestral instruments for nractice and ".lractice rooms; board , furnished room , general mainten nee and maid service, attendance of college ohysican and nurse , use of infirmary ;:;.nd co,nnon rnedicines ••. • • $850 . 00 . For non-resident students , tuition including cm.uses in theoretical and his+orical Music Rnd.A.rt in class , Laboratory fees, .:itudent .A ctivities Fees , includi ng Lecture and Concert ji'ees , Dues for titudent Government Association, Athletic Association. Y• •f • • A . and subscription to the Centre College Yearbook, Olde Centre; use of organ , pinno and orchestral instrnnents for practice a.'YJ.d practice rool"ls • ......... ; •..•... •• $3 0 . 00 For Practical fasic and Art , yearly fee for instruction in art and pruct ical music , incl11din~ organ , !)il..no , voice and orcrestral instru.7ents entitling the student to two \ 2) one-half hour lessons each week. :tor th, first course •..•. $75 . 00 For the seco"'ld co11rse • . • • ~45 . 00 Moved , seconded , and carried : that one hundrec.l t-v,enty-five (125) for the Kentud~r College for 1fomen at a cost furniture now in use there is to be returned there is to be sold at the discretion of the sets of new furniture be purchased not to exceed $P5 , 000 . Breck Ha ll to :Breck Hall and other furniture .A.dr'linistration . Dr . McHullen renorted that it w1:.s estimated that $25 , 000 . 00 would be required to ~rovide roads end public u ili ties for the twenty-five tv.o family unit 1·1ouses donated by the Gov ernr1unt for veterans . .;;ince Mr • .!eyer is to make final arrrmgements regarding these uni ts within the week , it was decided to vra.i t until he had made the final agreement and then refer this matter to the Danville members of the 1:xecutive Conni ttee for action . Dr . Cowc,n and. ·. r . lleyer were asked· to recommend a program of heal th service for the men at Centre College. The meeting adjourned. CL-ff!t/J;{;'.5~ c1;c~etary L �74 Danville , Kentucky March 8 1 19u6 The Executive Connit tee of the Boc1.rd of Trushes of Centre College met in the office of the President at 2 : 00 . l.i . • l1!arch 8 1 1946. The following r1embers were present : and President HcHullen. Messrs . 1iiseman, UcRoberts , Rodes , Cowan, The meeting was opened with prayer by lvfr . 9th meeting were read and approved. odes . The minutes of the Jl,ebruary Moved , seconded , and carried : that the re!)ort by Dr . Cowan on medical cEre be approved ns fol lows : tb-i.t Dr . Chris B. Jackson of Danville be employed as Colle ge Physician ~nd it shall be his duty to give a thorough physical examination to eRch entering student and give such advice and prescribe such treatment as he deems indicated ; that he render medic;,.l service to the stuitents v1hen necessary and. that such medical service be confined ·to attending mild illness wid in case of serious illness or accident req_uiring hosDitalization thgt such service nnd hospitalization be at the expense of the stut'l.ent . I!'ees for any laboratory assistance required shall be paid by the student . Medical service for wivei:; and families of students shall not be included . The salarr of the College Physician shall be $1000 . 00 per calender year beginning J 11ly 1 , 1946°paid bv the college in Monthly installLents . !fr . Rodes reported that a.large number of reulies had been received from the alumni to whom letters had been written asking for suggestions as to the election of a new president . It was agreed that these ietters should be read by the nembers of the Board and that the comrni t tee should hold a ueeting to consider them in the nenr :"uture . President Hc!Iullen reported that the enrollment during the 3rd Quarter beginning !1arch 25 would approach :oo students ano. that the facilities for housing .,_hem , especially narried students , were greA.tly over taxed . The lack of housing also makes even nore difficult ':,he securing of additions to our fa.cul ty ;,nd staff for the co1 ing year . A stater1ent regariing the athletic uolicy of the college >&s been , 1ade to' the student body . Ho [ thletic. scholarships will be given and alumni will be discouraged from sending students to college to plhy ball. 1iorthy students who need ?.ssist;:,nce will be given the same within the limits of ,.r e college budget reg~rdless of w1'e,.ber they nlay ball or not . Int erco 11 egi,,te r.thl etics vlill be con 'ucted on this bDsis 1md 6 ames scheduled with institntions like our own who conduct their athletics on this basis . The muin emphasis of the nhysical de)artment will be on the ohysical development of our stude.nts , especiall!' those who need it nost . · The mee ting adjourned. �(April , 1946 - no meeting) Dunville , Kentucky !11eyl0 , l'.)l+6. .75 1'1'e Exec11';ive Co, ~iittee of the 300.ri of Trustees of Centre College net in the office of the .President at 2 : 10 P . d . , 1-~;:\Y 10 , 1946. The follovring 1ernbers were )re::;ent: "essrf.; . Rodes , L . Caldwell , 11allis , .:mtcliffe , J:cRoberts , Cowhn and President l1cl.iullen. (Al so Mr . Lanhr) 0 The CTeeting was opened with prayer by l,1r . 1iallis . of ,ierch 12 were read And approved . The minutes of the meeting Dean H \7lett. ~·enorted on pros,ective enrollr1ent of. students and showed a nrobabl e total enror1ment of one hundred seventy- five wor:wn and tbree hundred twenty- five to four hundred aen , provided dormitory and housing space can be provided. ·ir . iiodes reported that a 5 ift of five hundred shares of United Gold :.lines Corporation rari been mad,:; to Centre College by Mr . ,iil liarn !:! . Stodghil 1 , 1 88 . !.loved , seconded , and carried : that ,resi11.ent •.- cHullen be instructed to write Mr . ,:jt odghill a lett er of appr.ecif,.t ion for :bis generous gif t . The Boe.rd- 1~e,:.rd with sorrow and a dis t inct sense of loss of the de.th of Rober t H. · Trimbl e , alum.nus and trustee of Centre College on M~ rch 23 , 1946 . Mr . Elbert G. S1.1t cliffe and Hr . Logan C aldwel l were appointed a coH1i;1ittee to draw up appropri;_ t e reso- 11tions to be enter ed upon the minutes of the Bo,ird of Trustees .md sent to members of the -famil y . Mr . Rodes reported he receipt of a check for ~10 , 037 . 95 from the Paci fic Mutual Life I nsur~nce Co . representing two policies of ~5000 eac on the life of Er . Tri.abl e payable to Centre College. These policies were delivered to 1 Centre in 19~'5 b~r l r . Tr•;;1~le under a contrHct by 'wbj_ch fr . Trimble 1 ad the right to send a st{1dent to Centre 'uring his life and the tuition v1onl d. be represented by the prE!l'liluns t.h,,t Hr . Tr imble v.ould P••Y on the life policy. The will of Mr . Trinble names Centre College a s one of the res i duary beneficiari es of the wi ll. ""'ter seve1al conferbnctos with representatives of the Executrix and other beneficiaries of the will Centre College adopted the follov,ing resolution. to be presented to the Executrix with copies sent to Hrs . I sa Trimble : ',{e have learned with deep appreciation that Robert H. Trimbl e , a 1ember of this Board , has lef t a docu:nent dated October 30 , 1944 wMch expresses '' is wishes t:s to tlie ul ti.mate disuosi ... ion of his estat e . I t has been suggested by -representatives of Ur . Trimble ' s estnte t hat the staterient in paragraph No . 3 of t he wil l r, i th respect to the sufficiency of his :lot.her I s est.£ te may perhr,s be i naccnrete . Therefore in orcler to der1onstrHte the desire of Centre College to cooperate in the matter of the ad.r'linistretion of ti·is estate , \Je '10"7 resolve tt.rit , 11 prorJerty that shall come to Centre College "s one of the residuar~r beneficia.ries of the will of Rob""rt r. Tri.-able shall be placec. in the hands of an &greed trustee and the entire income therefrom sl~all be phicl to Mrs . I sa Tri1:1ble . the mother of fr . Trimbl e . so ong as she shrll live. f'resident :cLullen reported that work Vlould be started next Tues,'l.uy on the twenty-five housing units for .mrried veter ans . T}, is has been fonnF4l ly approved anrl it is hoped that there wil l be no delr,.y in cor1J.1)l eting these houses . Application hrs been macle for facili ... ies for housing ninety-six �76 co single veterans . Telegram has been received assigning rlorr.1i tory facilities for +hirty- two persons . ~ "Tj 0 (") lfoved , seconded , and carried : to accept the assigni.1ent of dormitory fncili ties for thirty-two persons by tr..e Federal .Public Housing Anthori ty and to i nstruct President McMul l en to urge. the assignment of accommodations for an additional sixty-four persons as applied for . President lcHull en reported '-hat the Beta. fraternity has asked the college to anprove the policy of erecting fr, terni ty buildings on the campus , owned and control lei by the ColleE;e. ~ince no definite policy has been adopted regarding the tyne of houses , the purpose for which they should be used end their 1 occ.tion on the campus , a com."':li ttee of five was appointed to study this r,1E1.tter and re:,ort to the Bonr • ... is co nittee is composed of Messrs . L. Caldwell , Cpair:ilan , B.odes , s,,tcliffe , end Armstron,::,. • The question of honor1,ry degrees was brought up before the Executive Committee by the Chai rrnan of the Committee on honorary degrees . The opinion had. been expressed that giving only one honorary degree this year was not best end , after discussion , it was voted to confer the degree of doctor of rlivinity upon Charles Jorton Hanna , rofessor in Louisville resbvterian cieminery. 11 r . Hnnna was born in Shelby County , Kentucky in 1 396. He married fart:aret ,l . Bell , Lnrisburg , 11est Virginio. , in 1924 . He grEi.dnated from Centre College in ;1.916 and Louisville Presbyterian Seminary in 1924. Licensed nnd orrieined by :h."bernezer Presbytery. Pas+:or at Hi tchins , y ., Raphine , Va ., Grundy , Ky . Dismissed to U. ~. A. Church in 1941 . Professor at Louisville Presbyterian Ser1inary since 191n •. l.Ir . Hanna is in charge of the field. work of the students in the Seminary ?,nd has be~n most active in the develoument of rural parish work. Pl ease indicate on the ballot below whether you approve or disapprove of the recor:1mendatior:. of the .Executive Covun· ttee . The meeting adjourned : d C]Rp,_, ~ . 'Ri~:-Cowan ciecretary -------------------------------------------------------------------------------The Executive Committee recommends that the degree of doctor of divinit_y be conferred at Corarnencement , 1946 upon i1ev . Charles lviorton Hanna. Approved Disapproved ( s i;:;na ture) �Danville , entucky J une 8 , 1946 The regul ar semi- an u al meet i ng of the Board of Trustees of Centre College was hel d on June 8 , 1946 i the ffice of the resident in the ld Ce tre .Buil~ing , anville , entucky. The hairrnan of the Board of Trust ees , Dr . J. ice Cowan , took the chair and called upon ev . o bert F. Von urn to 1 ead the opening prayer. resident }, cMull en a nd the fol owing members of the Board of Trustees wer e present : Mess:FS . Jesse errm n , Nelson D. odes , George A. Mc oberts , George • Joplin, Jr ., Lisle Baker , J r . Sam Jones , J . R. Cowan , Char es H. r/elc , Robert 1 • .iile s , Elbert G. Sutcliffe , lP red ii s on , Robert • Von Thurn , eter H. leune , J ohn E. V /is a n , Loga n Cal dwe 1, Hovta rd VanAn werp , Jr ., Hugh L . Nev in , Freder i ck A . Wallis . E:xpl aYJ.a tions of absence were r e ceived from -iessrs . :l!'red B. ' achs , 'eorge "• ee , ;lilliam ' Laird , "rank Cal dwell and I ke Lanier. The r.:1inutes.of the meeting of th e Board of a pproved . ctobe r . 1 2 , 1 911-5 were read and The C:hairman re quested a report from Mr . 1: el son D. Rodes , cha irrnan of the committee on making nominations for a Presid ent of Centre College . The committee p r esented t\"10 names , a third name was prese ted by other members of the Board. fter very ful l discussion a bal l ot was taken of the prefE; rence of the Bo Hrd- for he.se three men . s a resul t of the ballot th e committee was ins tructed to approach number one wit unanimous cal l to become res i dent of Centre ollege . I n case e dee ined unanimous call was to be offered to number two and in case he decli ne d a unanimous call .was to be oL ered to nnmber f he declined the comra ittee v,a s to make further study and in the t ree . shortest ossibl e ti m present other name s fo r consideration at a c l e meeting of the Board. I t was OTED : hat t he committee be given authority to offer such salary o the new resident as they deem wise . resident McMullen reported t e need for a f i eld house . He. suggested that it mig t be possibl e to secure a anger fort is use and that fr . Vinson had kindly undertaken to help secure the same . So far there was 1 i t.t e reason , ho\1ever , to h ope ';'hat sue, a hanger cou d be secured. I t was 0 D: that approval be given to the pl an to secure a hanger or other building from t e Governmen t suitabl e for a fi el house and that t e Executiv~ Commi t tee be in s ructed to put such a bui ding in shape ·or use as u fie d hou se . I f such a building is not available he ·n xecuti ve Cornmi ttee is instructed to ind weys and r.1eru1s of providing better a thletic f aci ities for the ollege. , Dr . cMu1 l en reported concerning the many ways in which fr •. Vinson had assisted Centre College in securing priorities a nd other Governmen t aid for the College . 77 �78 -- CD ►:~-- I t was V0T1:i:D: to ,xpress to Mr . Vinson the appreciat ion of the Bo a rd of Trustees for h :ls rea l service to the College in s pite of his m~ny ot er important o.nti e s . t r . Sutcliffe r eported that the .l!'in· nee Campai sn had been slowed pend ing the ele c tio n of a new president . Dr . , cMullen r ep orted th e rece i pt of a check for ;:,10 ..,0 f r om el even rne bers of the Class of 190. towards the r novation of Breckinridg e Hal,.l . I t was V0T.1,D : to express app reci a t i on. f the ~oar d t o t ese a l u:mt and to seek to h ve ot her cl sses and individua l s fo l low the examp e set by them . , e l!,i nance ampai gn sta tenen t up t o J une 8, 1946 sh owed tot a l rec e ived into this fund of $47 , 47 2 . 0 incl ud i f.ig t he $10:0 mentioned a bove . i, r . Nev i n rep ort e on the r enovation of Bre ck i nridge HP.11 . He ca l ed a t t ent ion to th e incr iui i ng difficulty of securing mater i a l s and l ab o r . He stated t :.at the comp etion of this ,job by the opening of the :tall Term ad been given i {;he c, t priority . He believes th a t t i s is e sential to the success o t . e Coll ege , d as ure the Bo a r rl t a t every thi ng possibl~ woul rl be on e to have it read, for use a t the b egin~1 i ng of he Fa 1 term . He thougM thi s cou probab y be done . t Yl8S VOTED : o th ank 1r. ev in an Ir . ,{ l ker for their zeal a. d effi cient service i n t e renov,,. ion of ilrec}d11ri dge Hall • .fr. - o es pr cs,mt, ed his report as Tr easurGr . e re po r ,e d t , t i n carr , i ng out e po icy of se i ng bonds a t t e h i gh price s no, obtainable and inv es ing the proceeds in s .ort t e rm government bon s th a th ere has been ~ urn ov(.r of "'400 , 000 . 1 10n hese sci es v:ere many second and third grnde rf.il road bonds . Th is plan will protect the endowment of h e co] leg e though the i ncome rom i woul d b e re duced . S'.' e mone? for t e rcnovt tio o · Brecki m· · dge Hall has bee advan ced out of th e proceeds of t ese Sh.les and endowme. t i n come reduced proper i onally . Mr . odes repor t e•l he ~·i :'-'t of two undre , s ares of s tock of lteynol ds etals by Dr . , lu l en . Two life i nsurance polici e s tot nli n.•s $10 , 000 have bee pa,i d o .. h e Col ege u,Jon th e ier, t o: rustee Robert Trimb t, r . Trit 1b e had a so presented :he Col ege wi t . t ir y- e i g t sh ares of ~entucky iver oal Co . stock t o be used or t e purchase of a coll g e car . e c· r was bought for ~1 , 10 and he stocl· is still el d by the ol ege. 1 Mr . l: odes repo rt ed in sor1e de , il the negoti at io ns regc1rd ing the set,· th estate of Mr . obert TrimbL of wh ich Centre College and entuc:r~ i eslevan College are e residu.: ry beneficiaries.. He es ti nated that Centre Co . ege wau l receive approximately $ ~50 , 000 . 00 which wou d be he d in trust 0.11 ring the life ti. e of :fr.. .. obert Tri.n bl e ' . and \!rs . ee , the sister of r . TrfrQble , who wo d r e ceiv e t e incone rom this Hro.ount duri11g th ir 7.ife time . Trustee s for the t c ri'.1 x:uiri :1g 949 w re el ec ed ;4s o l ows : E ec ted upon nomination by the U• .:i . A. member s of the Board and subni t ted to the • ~. Ji . 3ynod for aprJrovc1 l : J er.,se err.~1ann , 1~el son D. i: o es , F:re B. Jachs . ""z:l 0 (") �E ected upon nor:iination by the U. d . r:ie"lhers of t he Boar a d submitt ed. to the i ::.ynod for approval : George cRoberts , Geor e • Joplin , J r . _ ecte upon nomination by t e direct ors of the .Al n11 nl is _e :auker . ssocic:tion : t was :reported that th l umni Directors wer e prepari ng to present a t the ctober ~. eeting their nomi nation for an al ur.m i trustee to succeed the a t e Rob ert Trim1)l e . I t was : to exp res o Dr . :,Idlull en apprecfa.tio n of h i s g i · t as reported bv Hr . Rodes . VcT· It \VHS OTl!;D: that f a.cul t y and s t hff sal a ri e s for the comi ng year be r a i ed beyond t he amou1 t pro nosed in the ist submitted by he - resid ent . Pr s· den Icdullen call ed at tention to the fa.ct t h a. the c om ing f a :t ye rs would i ke y be fol owed by ean years and suggested~ at provision be.made s o a~ o avoid the necessity of cuvting sal aries duri ng a period of dep res ion . is matter was g iven the approval of the Bo a rd of Truu tees a nd ways and mec ns of doing th i s wer e discussed vi t hout def init e a ction bei ng t aken . Dean Hewlet t presented the ames of those app rov ed by the }fa.cu t y for graduation . The Boord authorized the present· t ion of diplomas to them as oll ows : For the egree of Bach l or of G ady ,/ est lake ddc.r. s . Corde ia u~rey A_ exander Dorothy Anne Cooper Harriet Beck i'i ,_ rnish Frances J ean Gu hrie Mart a eatherage Houchin Frances Cundiff J ohnson ,1ar y gne s Juett For the r ts , {omen ' s Coll ege Virgi nia Ga:1, McGr e-<:o:r irgini a Crockett :!edaris 1ary nn ' ~ luas t iJ-evena k in farilu Reese J e nne 1 dele ice Eli zabeth Lee Sharp Helen Erne s i n 1lellma n egree of Bache or of Science , lomen 1 s Co Hazel rl "ne Cox Dorothy J . e Creelmore osemary""' liott Lenora Lisle For t he Degree of Bache or of ,Ti i a"!l Ho .-, ue A len , Jr . J ame s nd.rew .Bellemy Herbert eBaun Bryant V alker Burnam Cas ey ege ,1ary th rine ope Betty Louise Richardson fury "ranees 'N h eel er liv e Tuth , h eler rt s , Men I s Col 7. ege 1axwell lcBrayer J ume s dwin Metcalf Sidney J ames Prescott Robert 1 en pel l y nomas Harold Smith 1 r . foyer nade his re ort a s Bllsiness anager . He call ed attention to t he f a ct h a t constant cha nges in the si uation has made i i mnossi ble u ri ng 79 �80 t h e year to fo l ow the pat tern of he budget e i ther as to income of expenditure . He pre di cted thc,t for the "ec.tr. eni:l.ing J un 30 , 1946 there wou .d be a surplus of $25 , 000 . 00 nhich .wi be a!Jpl i ed t o the re uct ion of be defici of the Co ege which wouln be reduced o approximat ely $10 , 000 . 00 • . y l Wb.S pres n t ed . It showed a o t a l estir1 te of near l y ;:,200 , 0')0 inco~.1e from student fees . Th i is by f a r t he A.r gest amount ev e r rece iv ed by the colle ge . I t i s est i me te thHt the endowr1ent f u nd woul d !.) r o u ce $8001 . 00 less i ncome n ex t year th n du ri ng t h e current year . A tentative bu get fo r the ye r begi m ii g J T e Pres i dent presente d the re:ro r ts of Dean Sweeney , Dean Heffelfi nger , Exe cutive e c r etary M r s and Li brarian Irs . J on e s . ye I t was 0TlliD : t o comme nd the re ')o r ts pre ented nd t o thank those concer ned fo r the val uab e ser vi ce render ed t e Col ege by these o. i cers uring t he ye ar • .fr . Ca l dwe 1 reno r terl on frate r n it y housing a s f oll ow : commi tt ee of l umn i , thr ee be i ng meraiber s of the Bor,r d , . b· d been a.o: oi nted by the Executive Co..1i ttee to st dy th i s pro em . The comm ittee is a foll ows : Ues s rs . L . Cal dwe 1 , C hai:,nan , ,ode s , ~utc i f fe , A 1strong , J ames Cl a y , nd H. • ,!ever . Afte r conside r abl e discussi on they had rea ched c ert a in ten a ti ve concl Bions as f ol l ows : 1. Hous es fo r the r· t erni ty chap t ers wo l d be owned b•r the Coll eg e and l oc ted om the campus , possibly on t h e No r th side of lal nut ' tr ee t facing Sout h ; 2. The houses a r e to be s i milar to l d Cen t re i n a rchi t e ctnre t hough not i dentica l one with t he other . 3. That her e b e no di ning facilities provided i n these '. ouses but that they be construct ed to accor.1r:1odc.te fif t een upper cl a ssmen. 4. That e ch fraternity rai e at l east $1 5 , 000 . 00 toward the buil di ng and f urn i shing of these houses . The Coll ege wou l d t he b nl ance o f t he mon ey needed a nd woul d make R s uppl i nanci a l adjustL1ent bet ween each fr a terni t y and admini st-ration . 5. That the corn.T!li tt ee accompanied by dr . Nev i n m ke t rips to other col ege s t o ake a study of the vari ous type s of houses used fo r fhis purpose . 0 It was t o app r ov e t he r epor t i n princ i p e • n t h e minute s f o r infor.M-1 t ion . VOTED : Th re s i dent made a s t atemen t r egarding spr eftd it on onorary degrees . I t was VO ED : to conf i rm the a ct i on of fr e Exe cut i v e Commit t ee to confer an honora degr ee of Doctor of Div i nity on Rev . Char es ,·ort on Hanna , cl as::; of 1916 and the hono r ary degree of Do ct or of Laws on 11 r • .;) . C. Leung. [ _ �81 I t was OT]D : to confe · n honorary degree of Doc tor of Laws upon Iarsl al l 1ial ton Brown , Cl ass of 1921. I t was VOT::i:D: that Dean Hewlett be appointed Pr esident pro teJT1 at a sal a ry of , 500 .per month begin 1ing J une 15 , 1 46. Thi ij am ount i s to be the tot al sal ary received by Dr . Hewl ett from the Coll ege wh il e ·e::rving as resident pro te1 • It VI RS to exp ress by a ri sing v ote out s t andi ng service of Dr . cM ullen a nd or h i s , ea t devo t ion and oyal l' i ,1 t he greatest su c cess in h is new VOT <'D: The meeting ad j ourned. t e dee p app reci tio n of the during h i s term a s resident ty o t e College and to wish endeavor . .,.. ~ Jfrederick 'e cretary ~,, • ,/allis Danv ill e , Kentucky J une 25, 946 s pec i a l cal l ed on Tu esday , June Centre Bui ing , Rice owan , to o~ o oening prayer . A meet in«: of he Boa r d of rustees of Cent r Co l ege was he d 2i::; , l 1)h6 ,_. 2 i: . l.! • . in t e office of tl1e resident i n the ld Danvill , 'y . Th e C bairr,1an of the Board of Trns ees , Dr . J . th e cha ir and Chlled upon Dr . et er H. Pleune to lead the resident Pro Tern .T2r:1es H. H 'W e tt and the fo ll owing mem1)er of -'-he Board of Trus tees we re presen t : Dr . eter H. l eune , r . harles , • ,ielch , Dr • .l!'rank H. Ca well , Dr . J . ~ ice Cow·n, fr . Hugh Nevin , 1.r. ;,am Jones , Dr . 1/i lli am R. La ir d , l r . J . ~. ,liserne1.n , .r . George A. Mc oberts , ,Ir . Nel so n D. Rodes , I.Ir . Logan Cal dwel , .r . Lisl e Baker , Dr . Robert ,l . t'.iles , r . Robe rt :b'. Von Thurn , l,ir , Georg, A. J oplin , Mr . I ke nier and v!r , Fr ed,,ri c a . ,lallis . The fo ll owi ng embers were unabl e to Lt tend this r,1 e ting : Chief J us tice .ired t . Vi nson , Howar Van Antwerp , Es • , Elbert G. bu tclif f e Esq ., ]fred B. dachs , so ., George •. ee , i'sq . , and Dr . J es e Herrnann . r . 11ill ' an i . Lai r ,i of 1ontgonery , 1/est Virginia , who was elec t ed to membersrip on his Boar d some time ,1go but r,ho hn been unc:bl e to -ttend a mee ting of t he Board , was uresent and wu.s dul y .sworn in . n motion du y seconded it w,,s or,lererl that t e act i on of this Bo· d with re s u ect o ~he presi lency of ventre Col ege as ta.~en a t its meeting on June 8 , 946 e and i t now is r sci nded. On motion Ju y seconded it was ore ere•l iMess rs . odes , Van Ant werp c.:1.nd J,!il es , be any and e.11 prosnects for ~ E: pres i den cy avail ability of t. ose whom the committee a t the special con ·,1i t ee corn9os d of em·)owered to i nvestig~te end i ntervi ew of Centre o 1 ge and determ i ne e feel s 'esir l'lble; and be i t fnrt e r �82 resolved t bt t e conr1ittee r eco:111end one r·1·n to be the President of en tr e Co ege , uch reco·rt. enn.,-.t ion to )e ·1ade to the ::i:xe cuti ve om7i te e of Oen re ol ege a t the ear ies-l; di te possibl e . I f t e reconmendation o the speci committee is co nc1rred in by the ''xecutive onr•1it te e , that such ac tion o t e Executive ommi t tee be dee a.red inal . ( It i s expe cted that in or er to confo to the charter of entre ollege t at formal action electing the resi den be taken c t the Autumn ,eeting , 946 of this f1 1 Board) 1 Mr . od es re-oorted urther progress in the negotiations respecting the es ate of Robert M. Trimb e , a fo er member of this ru:'d . n mo i o lul:J' ::,econ ed i .was ordered t at Nel son D. Rodes 1)e designated s t e representative of ent re o ege o t.:.al w ith t _e represen tives of t 1e Robert • Trimble e st ate in a.l nego i at ions and transactio1 s pertaining to the settlement of the estate O- Robert • Tri~ble . T e me eti· / adjourned . ,.---(July , Frederick • Wallis ecretary. _946 - no meeti g ) Danville , Kentucky t 1 7, 1946 .h.Ui;U S The xecutive Con 1i t tee o the Board of Trustees of entre ol ege r:iet on .n1gust 1 7 , 946 at 2 . M. in the · resident 1 s ffice , wi h tre fo lowing present : resident Pro Tem J ,mes H. ev, e t , !!e~srs . l!'rederick a . .. c..l. is , I ke Lanier , , ogan a clwell , Ne son D. :io(les , George A. icRobert s , J . ::.:. ,iseuan ,m( Dr . J . Rice Cowan. T e meeting was opened with ".) rayer by ~·r •. Rorles . J une 25 , 946 were ref.:1.d aud ap:)roved . e mL utes of the n1eeting; of Det.n He vlet -r- ':lresented the nanes of t. ose approved by the J!b.cµl t y for g r· dua tion . he Zxecutive Cor,n ittee au thorized th presentation of cliplom, s to them as fo ow · For t e. Degree of .Bachelor of Ar s , Kentucky Coll ege for El l ida ,101 en ippey ciadler For t e Deg.ree of Bache or of J1.rts , I.!en I s College Paul • Koshewa l· y,..on L0e He ane A. Z. ifi lic,ms , -r . Considering the g reat increase n cost of building, it was VOT:t1) : That Messrs . Rodas , and L. a ldwe be a ppointed a c;omrnittee ,.o con act r . J . \'l . et el of Louisvi le for is reco:nmen a t:i.o n and advice r,bout increase i n fire il sur 'l.nce on all 1milding$ of t1-rn vol .. ge . VOT'• · : Tbat the resident ro .Tem take steps to re uce fire ha~ar s ic. nd t::specia._ y to limit siokiL~ in t1e bui rings ... nd furt,er a.t ui ding s and Grounds ommittee exarnir.e the buildings in order to e i n irate or reduce fire hazards en that hey g ive sped.H . .:1tten ion to the basen ents . �vcrr:ZD : That t he oJ. ege offer fo r sHl e to t ,e Count y o Boyle tr-at ot o erryvil .e Road a nd "u isenberry ·_ venue for $6000 . 00 and that t .e Co ege of er to se 1 o the ity t 1at por ion esi.red for "3500 . 00 . GT..ID : Th at the resident of i;he BoErd of '.0rustees be , · rected to sign the contn.ct or o )tion to ·el that portio- of_ the campus on the 'out h side of Lain ;3treet and ,, t side of i'.ctpl e .avenue and described i1 ,is opt ion . VOTJ!;D : - rrh, t resi dent ro Tern J anes H. ewlE-tt be ,,ut 1ori zed to sign :':or the o lege any agreement me.de with t e veterans A "1 inisrution in regF.rd to vocationa rehabili t~tion t rai ni ng . GTED : That t e :i;;xe u i ve Cor:1ri1i ttee n.pproves in principl e having a II ouserno t . er 11 .t o live in each f raternity house and t a t because o present condi i ons t c=i t +his a:µp ly to t 1vo frate r nity houses , the el a '· ppa Eps i on and the Phi _De ta Theta , i-md .,_ 1at each hnve •1Housenot. ers 11 beginning · n Septe1,1ber c1.nrl thc1t -I; 1e College and irfa.ternity share e<iua l y i n the ex;_)ense . OT:.SD: That the o lege nrovi de a tr a i ning table for ot rriore thb.n forty 40) f ootba l p ayers beginnint,; ;:jepte.-1b1:; r 2 and continuing until openi ng of College on ;je9tember 25 . 01ED : 'rhat Hr . H. • Mever earn th pol · CY. of t he Un· versi ty of Kentucky of co l ecting roor1 Rnd board from ve t eri:,ns and su it this infornation to Dr . Hew ett , Hr . ~lode and Dr . owan , w10 are auth ori~ed to adopt a po icy for Centre Co7 ege . GT.Jill : That the Executi ·e omrni tt ee app roves 11 l c.n for onstruction of :irraterni t y Houses on he C@~1pu of Cen tr e College , a copy of whi ch i s i ncl uded i.n these minutes . 1 I' ID C iJJ Tl -; .. IOlf Oi Title to bu A Houses , re to be constrncted on the campus of Centre ouses to be in Cen t re College . oll ege • . 2. Conduct of honse residents to be supervi sed by Centre Co 1 ege nrmi Committ ee of each f r a t e::--nity to consult with en t r e authoriti es . 3. Z.. ch fra t ernity to con t ribut e ~l '.2 , OOO . OO towtird cost of construct ion o house . ::3ach frat ernit y wi ll p rovide &nd own t e fu rn iture used on the first flo or a nd baseinent, which includes chap ter room , recreat ion rooms . and all roorm; used fo r !:locial puruo es . Centre College to su:ipl y fu r r.i ture A.nd furnis i n.gs for a. bed- rooms s i r1 il,ir to that s i milar to that furnished in Iii semc:1.n Ha ll . Thi s l. urni ture t o be adequate accor,Ung to standards of .Al umni Cor:t"l ittee and the ent r e Bni dings w1d Grounds Co, r.1i t tee of the Boe.r of Trustees . ll"raternit~r to 1Je responsible fo r care . entre to sup0le:1ent the cont ibntion by the fr · .t er nity by t h e amount , not l ess t han $18 , J00 . 0 , to cons+ruct a 1~ ouse suffi cient t o hou se not nore than ei,?Jiteen (18 s udent s . t is a part of this pla1 at no f reshman sr..all r eside in c y fraternity house dnrin ..:,; any part of .,is f reshman year , nor shall mo re than eig11t een (18) upp e r-classmen a t any ti me re side in any fra.terni ty hou se . I f • ur ing any year wh i e college is i n se ssion , the number of studen s resident in o.ny fraternity house i~ ess than t we ve (1 2) , t hen t e fraternity i n que stion \ 83 �84 hall pay to entre roo.1 ren t for hat numb er of student s b? w iich , e st dents in residence in such fr a t e rnity house is ess than twelve (1 2) students . To ill u strate the principle set forth in the a st sen ence , if there a r e ten (1 0 ) stud ents r es iding in a fra t ernity house , that fr a ternity wi 1 be obli g· ted to pay to Centre room rent for two ( 2 ) stud nts not in residence . Ho Centre student shal take hi s n eals in a ny frate rnit y house . 4. Fr a t erni tv :1ouses to be of su ch des i gn und construction as is in k eeping with the entre Coll ege Campus . :n ans r.ms t be pas sed by the :Buildings nd Grounds vommitt ee and ap proved by .. r . Nevin . All fr a ternity houses bu ilt on coll ege p roperty shal be simi a r , but no t ne cessaril y i dentica l , in design n each fruternity houses a 1 a ve he same cubic content . The first f l oor and bas ement to conta in fraternity living room , chapter roo , garle room , k itchenette and t here s s 1 be b edro om · t bath on the f irst or main f l oor of the house , other f loor or f l oors o be used as s l ee1,ing and stu y quar ters . Floor pl ans to be worked out by a co l ege and fr ternitv comrai ttee after inspect ion of r a t ernity houses in other colleges . ~- I nsu: ·nce , repairs , upke ep and op eration of each fr a t er nity house and th e grounds adjacen t to the f r aternit y hous e shall be nmint ine d by Centre. Cent re wi l l pay all util i i es .d janitor servi ce £ d suppl y coal fo r th e heating of the fr a ternity l1ou se . Any compl aint s as to any item of r.ia i ntemmce shall be handled with ent re by a umn i Committee of the fraternity in ~ues tion . 6. Each st udent reside nt to pay to Centre or is occunancy the same runount that is paid to Cent re by a s tu ent f or a choice room in Centre 1 s best men 1 s dormito r y . No rent is to be paid.to. Centre by the fraternity exc ep t on the biil.s is of student room rent . 7. Construction work shal l be commenc ed on any fraternity h ouse as soon as a co ege comm it tee and a fraternit;v al umni con:nittee decide that l a bor ~nd materi al s a re a vail a ble , a nd when Centre has received notification from the fraternity the full payment of the $12 , 000 . 00 contribution. The meet i ng a djourned . Danvi l e , Kentuc cy us11st 27 , 1946 The 'xecut iv e Commi ttee of th e Boa r d o Trustees of Centr e ol ege net in a called mee ti ng on Aut~ st 27 , 1946 a t 4 P. ll . in the resident ' s ffice with r es i den t Pro Tem Hewlett , Messrs . u tc iffe , L. t he following present : Ca l dv1ell, anier , \liseman , Cowan , a nd Rodes . The meeting was ca led to di scus s the Mead Bil vor D: in rel a tion to College needs . or a 'cience Bui cling , Gymnasium , equi pment for each; and that the Bu.,i ness Office use a 1 r..1e ans to E: pedi te b i _ ., ter. s l ess Tha t the college appl y fl 1 and Maintenance Bui ding wit To a do pt t he fo llowi ng r esolut on : \ Hl:Il.·· S , Centre ol e ge of Ke.YJ.tuck y (herein ca ll ed the 11 App icant 1 , ) • cti ng by and hrough its- gov e rni ng body, upon t e basis of avai able data , has found that the re e ists or i mpends an acute shortage of educa tional facilit i e s �requi red f or oer s ons eng,ged i n the pursui of courses of training or educa ion cler Tit II of the Servic enen I s Re1,djust,.1ent Act of 1 944 , as t:mended , and o rel ieve such shortage proposes o r equest the Unit d St tes of America throug t e Bu r eau of Comr unity ll a cili tie , "edera l ·, orks Agency , (herei. call ed the '1Governnent 11 ) , t o- provide educa tional fac ilit ies , pursuunt t o ublic Law 69 7 , 79t ongr ess , (Section 04 o he Lan am ct , as amended) , and i conne ctio n there, i th , ho.s exanined and consi ered such l aw , ... be Re~l a tions , +he I nforma tion for ApD icants , the fo r m of appl ication a 1d the form of p r oposed agreement : 85 NOH, -~~RE]'ORE , be it resol ved by the Executive Conrnit tee of th e Boa rd of 'I'rustees of Cen r e Coll e?e o entuch.7 of the .Applicant (h erein ce. ed t e 11 Go -er ning .Body 11 ) t at a·'justificati on of need and that an app i cuti o be filed , in such fo r m as may be required by t he ilovernnent , to provide su h educational f ·cii itie us rec1ui red o cllevi,4te snch acute shortage , and that the Applicant w· 1 compl y n it the vc.. rio1s requireT.1ents rnd conditions neces ary to enabl e t e Gov ernne t to provi,le such f ci i ies ; and E I :r"'URT -".:R IlliSO E. TH.AT Her ert A. eyer , .:i.ai es Uanage r of Cent re t.:oli ege of Kentucky , i s hereby es i gnat ed as the Appl i cant I s Representativ e f• 1 .i s ,iu. 1odzed ·n 1 i s ci.µr~c i y as su ep resentative to fil e wi t t e Governnent a jus i icati on o need d an appl ic~tion o negoti a e , execut e , and ent er into sue oth er agr eements and instruments nd to perform and . do any and a 1 a c s a s riay be 0: essor y to nrovi de a suitable s it e un d site prepa ra ion , s reets r roadways , s i de alks , l andscapi ng , u i ity mai ns , tcchnic&.l or engineering data , architect iral or engi e ring ·erv i ces , necei:;s. y ri g1 ts of entry un ri I:;ht s of wuy for Gov er nment opera tions , t o a ccept on beha f of the Applicant ownership and possession of such acili ics , to l!s;:mre :; e Government tha t such faci lties will be u ti · zed 1)y the pp · cant to carry out t o pur oses of such aw . and to do or perform cmy an t ll ot er a c s th t a.re nece sp,ry to uc complis he urpos s of t he A:9J i cant I s ap pl ica tio11, to perforr:1 the Applican I s obligati ons un er its agreement wit h the li0v -rn.:1en t , a.>1d to obtain the provision of such f &ci ities . OT:J That D:- . Cow· n be authorize , to s i gn the fo ll owin6 : I, the u der si gned , the dul y qual ified .nd acting r s · den t of he Board of Trus ees and 'ecretary o he ..xecutiv Commi tt ee of the Board of Trus ees of he en t re Co l ege of 'en u cky ' h er in c~ll e d the 11 ppli cant' 1 ) a nd t e keeper of the records of he Ap., icant , incl uding t e .io na of proceedi ngs of the "'xecu t ve Coi .1 i tt ee of the Board of Trustees (herein call ed t e "Governing Body'') , do h ,reby certify ; 1 . That the a ttached esolution For et e r a nu Educational "cili tie , (herein ca l ed the 11 Resol ut ioni 1) , is a true and correct copy of the Reso u tion as fi na1 . y a doD t ed at a meeti ng of t. e Gov erning Body hel d on the 27th day of ugust , 1946 , and dul y recorded in my office ; 2 . Tha t sai d meet ing was dul y co nvened and hel d in all r espe ct s in accordance wi h 1 wand t o the extent re uir ed by aw due and proper notice of such mee ti ng v,as given ; and a legal quorum was pr esent throughout the r1ee ti ng , and a l egall y sufficient number of members of · t e Gov erni ng Body vo ed in the proper manner and for 1e adoption of said Reso ution ; that all other re quiremen t s and proceedings under t e l aw incident to t he proper adopti on or uassage of id ResoJ.1ltion , i ncl uding pub ication , if required , hc.ve een duly ful filled , an d ot erwise ob served ; and t a t I am auth orized to execute this c er tifica te . That if an ir.m r ssion of · sea has b een a.f i ed belo ll' , it cons itu t es he officia l seal of e ppli cant and this certifica te is hereby exe cu ed under such off ici al seal; but no seal b as been affixe d , the Apnlican t does not have an off ici 1 se • �86 I 'i ITN.c,:3;) Hill EO • , I have ereunto set ray hanri tis _ _ _ d· y of _ _ __ _ 1.946. &~ The mee ine adjourned . · ice Cowan , ' ecretary Danvill e , entucky Septe,-nber 4 , 946 The 1 ·e cutive Commi t ee oft e Board of Trustees of Cen re Col ege met on eptember 4, 1946 a t 2 : :30 . M i n t he resident I s ffice wi th the o o ng . present : esident ro Tern HewJ. e t , fessrs . \'Fallis , odes , fcRoberts , L. C da.l wel l , Cowan , Hernnann and I. iles . The mee ting was opened wit prayer by Mr . V iall is . . of ugust 17 and 27, 1946 were r ead.and approved . Th e minut es of the meeting s Mr . Rodes , t r easurer , reuor e the fo owing teleg ram rom} r . J ohn arnes , our ew ork fin· ncial counsellor , rel ating to the present fal l in the New York s o ck ma r ket ; ' Sep t . 3, 1946 - To Nel son • Rodes Major decline s eems · t a rt ed . I advise el ling al l conman stocks . Sha ll be ack in my office early Wednesday . 1 i gned , J ohn K. Barnes . 11 .r . odes reported on th e Co lege holdi ngs in common stocks a nd t u ted tha t he had begun to sell comnon stocks in a ccor dance with the instruc i ons contained in above te egram . The mee i ng adjourned . Danv ille , Kentucky 'epternber 11 , 1946 The Executive Comrii ttee of t h e Board of Tn1st ees of ,entr e ol lege met on Sep ember 11 , 1946 a t 0 P • • in the resident ' s ffice with tre fo owing present : reaiden ro. Tem Hewlett , Messrs . Sutcliffe , Hode , L. Ca dwell , McRoberts , is eman and Cowan . 2: The meet i ng was opened with prayer by r . Rodes . "ep t er:iber 1 , 1946 were read and app rov ed . Th e minute of th e meeting of 1 r . Rodes report ed aal e of co,,•,1on sto cks in an amount exceedi ng $200 , 000 . 00 pur sua nt to rivi ce of Hr . B" rnes a s shown in el egram recor ed i n minute s of meeting of :5eptember 4 , 1946 • . 0TED : t hat all financial r1a tt er s connected with the administr a ti on except those antiled by the treasure r of the Col l ege and includi ng such items relating to the a thletic prog~am be handed by the Bus iness tanag er and that e be au horized to emp oy additi onal .elp i n . is office if needed ~ �81 I n the discussion that fo ll owe the r egul ar business meet ing it was agreed t a t the Fall Leeting of the oard woul d be hel d on ct ober 25 , 946 and that ev e ry manber would be urged to arriv e promptly at 10 ••1. so t ha us i ness can be t rans cted in the per i od before 11 • !. when the Boar d wi 1 march to the Chape and attend chapel exe r cises from 1 o 11: 25 at the 1en 1 s ol ege and then go to the \!omen ' s Col. ege for C apel fror1 2 . 00 to 1 2. 25 . The members of t e committee expressed a desire that a l students an d facul ty r:iembers who cou d woul d try t o me t the members of t he Board afte r Chapel . The meeting adjourned . Danv i l e , Kent ucky c t ober 4 ; 946 e Execu ive Committee of t he Board of 'Tr ustees of entre Co lege me t on ctober 4, 946 a t 2: ~o i n t he President 1 s f f i ce wi t h the fo owing present : · r~sident P;o r er Hev le t t , Messrs . L. Cal dwell, Sutc iffe , Cowan , Rodes , EcRobert s , 'diseman , and Lani er . ~ r . Sam J ones was also present . :M . OT.ED: That any contri bnt ion to the building funds for t he rat erni ies be paid to Centre Co ege and that these funds be kept in separ~te accounts un il the sum reaches 1 2 , 000 . 00 an,i i n event of fa il ur e or di scont inuunce of the program tha t t e unds co ected be returned to the ,ionors . e 'leeting adjourned. J ~k~ . owr s~ :;~ ui Danvi l e , Kentud::y ovemb er 1 , 1946 The ]'al or er1i-1rn:mal nee ing of t he Board of Trustees of Cen re Col lege of Kentucky we.s ,eld on .1!.,rid· y , November 15. The program of the day beg,.,;,11 with chapel services i n Ol d Mai n . The members of the :ao~rd Met in the resident I s of ice &t 9:1+5 and mare ed to the chapel w here t ey we r e SE:ated on he pla.t form . r . J . Rice Cowan , chai rman of the Board of Trustees , was t he speaker . He spoke on Centre Co l ege--- i s istory and its ~urpose . At 1 0 : 0 t e chapel service end.ed n.nd the BoPrd returned to t e resident 1 s office to begin its regular meeting . Dr . J . Rice owan took the chair and call ed upon l ead t e opening prayer . ev . obert ll\ Von T urn to residen t ro em J runes H. ewl ett nnd the fo ovring members of the Boar d were present : 1',es rs . Rodes , tcRober t s , Cowan , Nevin , J ones , nnier , J op in , Sutc iff e , · /a l is , , lenne , L . aldwe 1 , on Thurn , Hernnann , Lee , Van ~n werp , Rnd iles. �·ss (0 T e fol woing ·1en1 ers were unc'1.b e o attend t e meetiug and sent expl anations of absence : Hessrs . inson , Laird, i,achs , Baker , F . Ca l dHell, riel c.1 and \ isem&.n . It was vot ed : o apnrove ·t 1:1inute of e -:1eetings of une and J une 25 rli out reading , a.s cop i es ad been Ji tri uted ·to a ll 'lle·1bers o the oard . Report was nad<:l this ay to tne Board of 'frustees of en t re Co le ge that Supreme Court J us,.ice J ames C. v cReynol ds by his will .as gi ven to Centre a s• eci fic l egacy of "10 , 000 '-:nd also as •1ade entre one of he three res i d11ary l egatees of his estate , and thf,t t e total g i fro 1 t e es a te of Justice HcReynol ds mc1y amount o $59 , 000 . T is o,ird wis es o express its grat ifi cation that entre was selected by such an i l ustrious American e.s wort y of is benefaction . We wis fur er o express to i l liarn J . Price 1 92 our app reciat i on of e f ct t ht i. t was e who irst brough Justic 1,!c' eynolds i t o the wann f e ows ,ip of en tre n t e es t ab is !!en of this re a t iono i p, or·i1er res ide::1t · o 'er t o ert • Mdl- llen had a u l sha.re. I t was vo ed: 1a Mr . Ro es , haL 1an of e Execut·ve omrnittee , be instructe to wri e e ers to Dr . rice , Dr . v cLeod , and Dr . dull en , transmitting copies o t he ·above reso u io1 . res i dent ro Tern J ames H. Hevne t t presented a brief ora ~enort on the Co l ege , summeri :dng his writ t en reuort and di scussing br e fl y enrol ment , housing , fr.cu ty , need o 1, 1 1onA space for e chemist r y department and fo r gyr,masium fucili ties . e a l so discussed ud1t1ission re,1nire:01ents of t e o lege . I t was voted : and fi ed \Y:ilh t a the re po r of t e President ue appreciation. ro Ter.:i 1)e Hpproved It a s voted: t .at e ~airrmn app oi nt ·a con1:.1ittee of three to report to t e -'xecutive ornmi ttee on a p for the erection of either a Gymnas ium or fi Fie d ousc, ; that he Executive 01mn ttee be authori?.ed to oct and to sign contracts for the execut ion o his p a n; that , if ' Hction by t e full Boar shou a. be necessary , it be taken by r1ail . T e hai nr,n appointe comrtti ttee . t:essrs . Sntc iffe , Jones , and Nevin o serve on t. is I t was voted : that a cornlittee of three , one o· whou is o bet e ,ainnan o the Bo· rd o rus tees , be appoin ed o co er with the Exe cu ti ve ecre a:ry arid discuss with him the r:1 t er of his doin 6 more ield work and personally contacting prospective students ; the commit tee o t he xe cu i ve Commit t ee n. ter conferring wi h the Executive e cret a.ry ; hat this commi tee be a permanent one kr1own a the ommi ttee on Student Promo ion of t e Board of rus ees . The hairman appoint ed comm i t ee . r . Rodes e.nd Mr . ::iutcliffe to s erve with· . im on ? r . · odes presented hi report as treasurer und di scussed is riefl y t e endowmen t pos i tion of t e college . I t was voted : that t he Trensu rer 1 s reoort be accepted·and hat Ur . Rodes , ·fr . Lee , and . r . rnes be commended · for their exce ent r.'ork in han ling t e coll ege iuances . '-:t.j 0 (.) �Mr . £ ,!eyer present ed is report a s b sin t:ss r1anager . He cal ed a t entio n to the ca s position of t i1e co ege hnd expl a ined w y t e 11 ccoun s eceivab e 11 item is so l a rge . e stoted t ..a t the 'ed()r .1 Goverrc1ent is al ways a t least o e u.t'· t~ r in arrears in pa yi i g their accoun t for G. • s t uJents . t is ne c essary al so to ex en credit for n e a s to some • . 1 s because of their delay · n rec ei vipg !;1Ub¥Jistence a l owance from he Government . He r eported brief y op. t ..e housi. g situation and stated '"hat it wa s expected ~ .at a ll men would be out of the ;,rymnas i um by the en0, of the wec1;: of November 2 • · 89 I t was voted : t ·t t e Treasurer beaut orized to u e money on hand or to borrow funds in t he amoun t of$ 0 , 000 o cov er current oper ating expense~ of th e col l ege for the reMainder oft e present quarter . I t was vot ed : that Mr . Meyer be instru cted to transf er from the .B'inance , pai 6,n accoun those f undf:l hat ave been d i si gna ted fo r specific funds int o ho s e funds and that the t wo hundred sha res of P.eynol c 1-!ets).s be sol d and the proceedi, carried i n the ' i nance ls. ampaign Fund py h . Meyer. I t was voted : that the Board express to Dr . · obert J . 11 d ull en its deep a pp r e ci a ti on for the gifts he , ade to the Co ege . t was voted : to accep t the repo rt o the Busi uess anag er . It was vot ed : that the Chai-.'.'1''1 .en of the Boar be authorized to sign deeds conve;ving to the ity of Danv i le bnd t e onnty of Boyl e · :-iose port' ions of land they a.re seeking to purch a se for u s e in connection wi t h he construction of t e v i aduct . · In ugu t , 1946 , Sup reme Court J us ice J ames C. cReynol ds pa ed away . He was a devot ed f_riend of Centre and n generous benefact or of t h is college . Hi interests v,ere in l a r ge part directed toward the daily 1 i ves of '"Oung men and women . To p ermanentl y evidence t he f f ect io n whi ch Centre has for the a ch ievements and chara ct er of this great erican jurist , on mo t i on dul y ,made and seconded , it is ordered t. at t e ini ng ha d donni t ory wh ich as been re c en y erected on .t he Cen t r e c1I11 us be und i t is now name 11 1cReynolds Ha ll . '' I t is f urther ordered tha t a suitable tabl e t memori ali :ii ng these facts be p a ced on t e west vial of t. e pr i n cipa di n i ng ha 1 . I t was voted : hat Hr . Rodes , chairraan of the liiXecutive Commit t ee , be instruct ed to write a 1 ett er to Dr . Ro ert P . }. cReynolds , brother of J ustice . cReyno l ds , i nforming him of t e a ction of th e Boa rd. .J. ode s reported briefl? on the Trimb e estate l" a t a fina. agr eement had b een made bY. V{h ic Kentu cky Wesl eyan Co ege and Centre College ha agree . to defe r their int eres t in th~ estate until after the d a t . o !."rs . Tri b e and Irs . ee . Mr • ~he Chairman appoi nt ed the fo llowi ng corrnni tt ee on Her rmann , Dr . l eune and Mr . J oplin. onorary Degrees : It was vo ted : tha t • r • .::>am J ones , Har ro dsbur g , be adde d I t was voted : t o re e r the ~at Dr . o the Ex cntive Committee . e~~ • • omit te e , The rneeting a dj ourn ed . ]'rederi~k A. Se creta ry iallis ---- ~ �90 anvil l e , 'entu cky December 1, 946 The ·:xecu ive Corn.rni tt ee of t he ::3oard of mrustees me t , t 2 : 00 . M. , Decemb e r 5 1 946 , in the - r es i den 1 s office . Th e following we re present : Pres ident El ect , W. A. Groves . r esiden t Pro Tern J ames H. Hew e tt , !essrs . • D. iiodes , Ueorge • McRobe rts , Sam ones , Fred \/a chs , J esse Herrmann , a nd Logan Ca l dwe l l . fr . odes , cha irman of the cor,1111it ,ee , p resid e d. I t was moved , seconded , and ca rri ed hat , beg nn i ng in the fa 1 of 1947 . Centre oll ege wou d change from the quarte r syst em to the semester syst em . The eig t weeks sUIUC1er school woul d cont i nue a s it has heretofore . twas voted that a commi ttee of two be appointed from th e ~x ecutive Committee to mee t with the Board o the Louisvi l e resbyteria.n Seminary a nd ask hat Dr . Groves be rel eased a s promptl y a s possible i n or er to make h i av a il able to t ake up his duties a s P res i dent of en r e Col ege . r . N. D. Rodes ~nd r . Robert \{. ~ es we r e appoi nted on thi s comrrd.tt ee . dl I t was voted tat esident ~l ect Groves represent the Co l ege a the meeti ng of tbe resbyterian Union an the ssociation of 1 nerica n Coll eges in J anuary a nd a t h i expenses b e paid by the ol ege . I t was voted hat a committee of five be appo inted to t ud,y the problern of f cul y sal aries and repor t to the Execut i ve Committe e a t its J anuary meeting . ppointed t o serve on t h i s commit tee were N. odes , {. A. Groves , J ame s H. Hewlet t . H. A. eyer , and Logan Ca l dwel l . I t is the sentiment of t he Execut i ve Comm i ee ~h a t recreation rooms sho uld be ff t ed out for the use of ·t e s t u dent s a nd tha t the se l e ction of these ro oms and ·the superv i sion of them be a r rang ed by the adm i nistration. It i s th e sense of the commit ee that the p a n of insulating t e Co 1 ege buil dings be def erre d until the ne xt mee ing of the .t1ixecu tive Comr i t 0e , whi c i s to be held on Friday , J a nua r y 10 . 1947 , a t 2 : 00 • .1. i n the resi den I s Off i ce . The meeting adjour ned. ~~£~ '1 0~ Cal dw ell Da nv ill e , entucky anuar y 10 , 1947 Th e x e cutive Comm ittee me t on J anuary 10 , 1947 , a t 2:00 . M. in the r esident 1 soff i ce . Th ose presen were ,1essra . Elbert G. 'utc if e , I ke Lanier , ::-;am J on es , orge i cRoberts , J . ice Cow n , r s i dent Nel son D. Rodes , Logan aldwel l , Gr ov es , an Dean Hewle t . \' il e waiti ng for a forum fr . Rodes read a int eresting l ett er from Hr . VanAntwe rp in regurd t o cont a cting ·orospe ctive student s . T e r.1eeting was opene wi th prayer by tr . Rodes . 1Jotion was n a.de and -oassed tha t he r . G-roves I sa ary begi n J anua ry 1 , commi t ee on f a culty se. a r ies re9or t ed as fo l lows : 1947. �91 £or the essio n 946-47, i n tru ctor wil be a i d an add "tional ~100 , as is ant !)rofessors wil l be _uid an additio nal ~150 , a"soci te pro ebsors wil l be paid "'n addit iona l $200 , pro esson V7il b e uaid and a ldi tion;.l $250 , adm i nistra tive o ice rs wil be paid an a di ' io nal $_00 . .is sal ary bonus i to be announced a t once ~ut to be p~i d between Apri l_ , and ay 1 , 1947. 1. 1 2. resident G oves t r a tiv e officers • I sal ary was incr eased y $300 along with th e other adminis- • lo i ncreas e was g iven Hrs . ordeaux since s.e has jns started TTor_~ here , nor 1,rs . Couey . t rs . C. ee~ ii,, to receive on y $50 , since s ,e s a alf time i structor. 4. t was agreed t a Hiss rimrose wo as a as is an profe ssor $240 , o nee Asso ci a tion . e ceive enoug to make er sal ary t 1e rninimu 1 requi:rement of e Sout ern d e Tre: surer reported that , s i nce the- la.st meeti g of this Exe cu tiv e ommittee , t he ::'o lowi ng ift s . ] or:i :fr . },r ,fc:1c.,s , ,:;;100 ; L i sle E} kLr , f,. ::.x :}11.• r<:r, o., t . e corn.r:ion car,i .,. l stock o · t e L i ert y r a ionc:l Bank and Tru t o. pany , of Lo · svi.le , e tucky , designated for the use of t e fill fraternity house ; a nd from el son • Rodes , $5 O. he .. &d re ceive The wi 1 of · r . on Roge rs wus read , . 8 ct ion was t a.lcen . ut ecause of ex i s i ng circUJ:1Stances no Dr . ew e t repor ed he resi nati on of rof essor C. .l en 4nd exp a i n ed the steps tha h d een taken to ake cure o . is wo rk until u new facu t y mem er can be obtaine . By vote , h e Executive Como ·tt ee a_ proved the action of Dr . ew ett in ~,.ccepting P rofessor llei 1 s resi gnation . Mr . Herbe rt eyer ,1a de a report on the food situation in the cafeteri a on the fi.nanci 1 situation of he Col ege . I fal d d .l so e neet i ng c1.djourned . ;:iur;,p e'-:1ent to t e mi nut es . I r . ~ odes and Dr . Cow of· rofes or l l en : u .i tt ea. the follov i ng reso n ion on t e resignatio 11 .For twenty- seven ;irears , rofessor Char es E. A en has tri ined stu ents · his istory c asses . r 1e 3oard of Trus tees wishe · to record i s great v l ue to he teac i ng force a Centre . ue a ve b..drn ired his .. i >l:1erican stindard n family life . n 6 iv i ng up i£ rvork a t Centre nd go i ng to t e ..:liv er sity of l ab,.n1R, we xtend t o ir:1 our best wishes . 11 D,.nvi 1 , :en ucky ~eb ru·ry 14 , 1947 1xecutive Cor11it t ee net on Fe ruo.ry 14 , 1947 , <1.t 2 : JQ . !1 . in tl e r esident 1s T' offi c • Tho se • re Gent w re Messrs . Ne son D. Rodes , George L cRo bert s • ke Lani er , ~£ml ones , Dl bert G. ·~utc if e , J . ic e CowaJ , n d e s i dent Groves . e meet i ng was opened with prayer by Ur . odes . �92 The ininu e o a1 d apnroved . the Executive Commit ee meeting of J anuary 0, 947 , were read I vas vo ed thi1 t th e resident 1 i. tr· vel ex enses be paid by the Business tanager as they occur and t, at they- be presented every si,: months to the Executive Co:'ll'1ittee for aoproval. lso , that an entertflinr.ient l owance of 1200 per year be oaid to the President o be used when a nd if needed , instead of $100 per mon th . The expense of a house ervant is to be chargecl ag· ins~ this entertainment . I t was voted that the Col ege assume the expense of the heat , li ght , water , and care of the groun s of the resi dent I s home. The report of the Bui ding and Gr ounds ommi ttee we. read and aporoved _ in , ich it was reDo rted that the her:iistry bui ding be located on the amt:iu i t e opens ace etween the housing units already erecte d the lower practice field . w I t was voted thH.t r . lfovi n a nd Mr . foyer be requested to go to Chicago to int e rvi ew the U. S. Government Engineer i n regard o the Cherni stry bui ding and t. a t their expenses be pai d b he Co l ege. I t wc:s vo ed t t Dr . Ritchie be reguested to m*e a opograp ical survey of the whole fon 1 s Campus and the necessa ry expenses to be sett ed by r . Groves • . I t was voted t at the Treasurer e authorized o f rni sh. the Business -lanager $3 , 000 for use as a revolvins fund to meet College expenses . This action was 1 made n ecessary by the. f~ct that the Veteran 1 s Administration is · l ways_ three months behind in th e payment of the v e t eran ' s accounts with the Coll ege . The Bus i ness Manager reported a los s of $20 , 000 in the opera tion of the men 1 s dining hall s i nce J uly 1 , 1947 . It was voted t 1at Mis s Josephine ndres 1 s rvices as chief dietition and Manager of the <lining hall be i mmediat!3ly di scon inned · nd tha er a a:ry of $200 per month be a i d to J une 1 , 1947 , less the cunount w ich s e borrowed from th College. Mr . J ones reported that r . Nevin would shortly be able to report places for the proposed ecreation and Athletic Centre , t h erefore , it w~s voted that a meeting of the fu 1 Boarcl of Trustees be call ed for 10 : 00 .u., l1h.rch 22 , 1947, to consider t e above mentioned subject . The ""'xecutive Comnittee recommended the names of the fo iowing for degree s a t Commencel'lent of 91-1-7 : Dr . ?..obert • 1cl1ul en , LL . )r. • Gordon , ~ • .u. ; Encl Dr . J . ice owan , D. S. . t was voted that Dr . J . Ri ce owan be empov ered to e;tecute a dee o the Commonwea th of Kentucky and Boyle County~ conveying certain foo age on f in reet for the puroose o· a i g t of lay . A report mude by r . Groves on the social rooms in the bA.sement of Old Ma.in a vised that he rooms ad been inproved and that the at tendance was i mproving and th e i !Jressions were mos favorab e . I t TTas voted .thh one cata ogue for both the r:1en I s and women I s colleges be issue this year . The mee ing adjourned. l:f!:c~ ecretary �93 Dtmville , entucey March 8 , 1947 The ....xecn ive Comr,1itt ee of the Trustees met fo r a called meeting at 1 0 : 00 on !arch 3 , 94T, in the resident 1 s office. . A. resent wer e iessrs • .5em Jones , fo l son D. Rodes , J. R. Cov,an , Robe r t Mil es , and P res ident Gro~es . T'n e meeting was opened with prayer by Pr esi dent Groves . ,e minutes of the mee ti ng of February 14 , the o lowing co rrectio ps : 947 , were read and approv ed with e paragrap read.ing , 11 I was vo t ed t at lJr . J . Rice owan be enpoY1e r ed to execute the deed -- conveying certain foo t age on Main Stree t 11 be c a nged t o read , '' I t was vo ed that r . J . ice Cowan be empower ed to execut e a deed to he ommom1ea th of .ent cky and Boyl e · ounty , conveying cert uin foo Dge on the e rr;rv i e I oad and Q,uisenber·ry Avenue and opposite the 'vans farm and being a p·rt of that property conveyed to t,he Col ege by Hr s . R. G. 'vans . 11 Mr . Herbert iv eyer , the Business Manager , made a u ll report on t e sitmttion i n the men 1 s di ning hal l since +,he di sm·ssal of \1iss J osephine Andres o Jfobruary l • more careful check on t e ood i ssued is bei ng ruade . A ntm1 er of order or ; oods or whic t e dining a id not .ave use • ave been can cell ed. complete i 1ventory in the s ,ock room is being made . he indicf, tions a re t vt the stock total s some $ 000 L val ue ra her t an the $~ )00 or ess repor ed by Hiss An res . e prices of r:.1ea s :1ave een owered. As a renu t about 00 mo re mee ~ ') er ricy are being served . .. eceipts or t e mont of Ji'ebr- a r . ore e rertdy $ 00 in advc:.nce o t"'ose for &n a.ry &nd t at increase a 1 bein confined to t e ast tv,e ve ,~-ys of the nont • l 1· . !!eyer does riot be ieve th t we w e c bl e to make up a.ny oppreciable ronount of · e deficit incurred before Febru ry 17, bu it is ope t a rom now t e i n ing room wi l br ea even . Steps ·· re bein taken t o mnnttger & dieti a for :1e dining r oom o tak~ over as nd soon as "e Exe cutive om1 i .::c commend :: » 1 . L1cr e r r ,.r ti one in bringi ng thin.~s un er control i t e men 1 s forte fine wor ning hall . e f.,.S I t was mov e d and carr· d ·that c ildren of u l -time facul ty members nd full-time oyees of t e Co l el~e be accepted es students in the College wi hout the payment of u i t ion fees . ep I t was moved nnd c rr ed t ht +he :Executive 01n..':littee·rec0Hlfaend to mee , ing o the Obrd of Trustees oa 1c1rc 22 , 1947 , t ,at beginning 47 the ov er-all ee , includin5 uitio. fees , stuLe t act·vi"ties labor· ory fees , for the Co1. ege yef-r for the men students be $400 : e full v,i h ·· epter, ber 1 ees . and per ye~r . t res noved end car ied t h a t ~ he (tuestion of t e ol ege bus be referred to corn.-nittee consi ting of ogan· Ca l dwe_l rnv resi c ent J.roves for further study a nd th,• a · u ll r eport of the matter b e n ad to t;he neetin of the Board of Tr u ste e s on arch 22 , 1947. t Wf.-lS moved a nd c:ir ried tr.· t tht offer o } r . and irrs . e son Ro , 0s to f ur n ish t e 11 Pa ren t I s 11.oorn II in reckinridg e lk 1 be ac cep ed Ii t thW1ks a.nd th t , r . lodes e '1.u:1-o:rized to 1ua::r.e ever c ,nge he dee.. s neces c,:..r y r :1i · e)::p ense ~o ur11:i. s. t es e r ooms for Pis nurpose . was urt er moved and carried t 1 .t p a re n ts occn)ing t .. is roon be l i:1.ited ... o ,10 con e c,,+;ive n ie_ ts , c1 rr ,.nc.Ier nt f · b - e . s or w. 1c mus e ma de in advance witb the housemo r e r o Breck Ha ll . - w, �94 C'. .0 ~ w, s 10 e an carried at e orll!lli t ee on t e }'raterni ty Hous0 P a consisting ~ o i1 essrs . c~ dwell , Rodes and ·utc if e and including President Groves mfke a. l f urth er study of t e plan for u il ding f raternity houses . 2r re po r t fror1 rofessors ush · nd Walkup on the s i t uetion wi th regard to t e emis t ry buildi ngs· from tre ' eder··.l iorks Agency w;:-s recd. I n t is report l rofessor ush pointed out tl.a; t he ~gE . cy i s limiting the Coll ege o 7500 sq. ft . f l oor space and t at if extra space is ne eded for f urnace , coal storage , stor ai;e of chemical s and apparatus , toi e ts , a nd s o on , tha t spa ce eithe r must be ducted from th 7500 1 or el se t h College must pay for the extra construcl so , t e 'ge cy i s limiti ng u s to two mall t i on w. ich thi s space involves . hoods per l abora ory wher as we wi 11 n eed i n all at l east ..,0 mo re ho ods over and above tb s a.l lowance . It_ al .so appea rs that we c n . ave no assurance that he 22 aboratory des1 s needed w· 11 be furnished by the gency , t ough they say that if theJr a re availabl e they will et the Coll e ge have them . I n any ev ent , considera ble expense for this item must be an tici pated . All in all , the Co ege may be invol ved in nn expense totaling a much as $_/5 , 00 for thi ~dded construction and the equipmen t whi c wi r make these buildings u seabl e f or c emist r y . n the ot er ha n d , Professor ush al so pointed ou t tha t if t h e chemi st abo r :.;.t ori es remai n in oung 'cience a 1 , t. en new p umbing vii 1 r..ve to be inst al1ed th o 1g out in ·he C. em istry l abo r ator i e s . ther ma tt ers of expense al so wi be i nvolved , such as the mov ing an d r epa ir of desks , the construction of new hoods , and so on . Then , fur ther , shoul d the c emist ry l aborato ries re ·1ain in Young ~cience Hall both the biology dep,i rtment and the physics depart men t wi 11 be prevent e d from the nece s s a ry expansion i f thes e t wo dep~.Lik1ent s are to band.le the s tudent whi ch they wil have next year . I n o her wo rds , to rema i n in Young tici en ce Ha ll , a so , wil l invol ve and additional expendit 1:re , poss ib y $20 , 000 in the chemistry a bora tory and <:-t e same time hysics and chemi stry will be left with t otal.y inadeauate spa ce. I was moved and carried t a 1r. levin go ahead wit tne pl ans fort i s u i ding a n d mean i me the who e matter can be broug t up fl t h e f 1 Board on March ?2 for it s recommenda ti ons for a ction • . resident Groves r eport ed the st ep s aken by Mr . H ugh Nev i n to get t e Jta te "ire a rshal to the cam pus to i nspect the Coll ege buil dings for fire azards an al so to r1ak , e necess· r y r ecor.rrnen a tions . (See let e r from Clyde Smit , ' t a te Fire ars 1 , o . r . Nevin , J anuary 2li , 947. ·eJl' a l so phone call of the Fire 1 arsha to 1 . evin , l 1 ebruary 5, 1947) '1r res i dent -rov es al so repor t ed. that th i s corres.ondence had been fo l owed up by phone call s t o Frankfort on ,I arch 6 a nd a rch 8 by h imse The situati on is that the ]'i re a rsh p 1 s de.J. pa rtment i s swamped and , therefore , they can make no def i n it e promise as to when their inspector can r each Danvi l e . However , they have promised to mark our need 11 u r gent II and get here as so on as possibl e . 'l'he matter is to be foll owe, up by Mr . Nevin "nd res ident Grove s • The mee ti ng adjourned until 9 : 00 • . • , ? a rc~ , 2 , . 947. • ice~ f1 ecretary �95 Dunvi e • Kentucky larch 22 , 947 , ee ing of the Executi ve ommi t ee . The Executive omt'.li tee of t he Board of Trus ees of Centre the r esident ' s office t 9: 0 A. ,I . The meet· ng VTas opened v, it ollege met i1 prayer by Mr . Nel Gon Rodes . Those present were es.sr • McRobert s , J ones , .Llodes , lJevi n , Cal dwe 1 , Lanier , Dr . J . R. owan , and resident Groves • .,..,resident Groves -renorted that Hr . Meyer had located a dieti ian for the men I s cafeteria who was to s t art to v1or with the opening of the .:>pring qua.rt er on a temporary rrangernen t for the ::ipri ng quarter onl y . lfr . ev i n reoort e d on the work being do ne on the pl ans for the chemi stry buil dings ei ng furnished by t he J!,ederal 1iorks Agency . resident Grov es reported a l etter from Ir . Shuler sug esting that service for t he Shuler 1-.!enori, Room (Dean of Men 1 s f ice) awai t t the me~orial pl aque now being made . The suggestion was approved by Olll!"!li t t ee . T 1e dute for t is dedi cation servicE!- wi 11 be announced l e dedicatio n e arrival of the ~xecutive uter . I t was rioved and carried that Mr . lTevin be reque ed o carry out the instructions of t e S ·ate Fire .i!arshal for t e ,pro t ection o 1 t e buil dings on bot cam uses and th the so be instruct ed to incl ude the necessary a ditional exits to he gymnasi.um and o t he chap el on the women I s c mpus . I was moved and cn ried that the offer o · t 70 quonset huts be re erred to t. e Buildin£" and Grou::1ds Comr1i t e e for them to take w atever action seemed advisable . e meeting adjou rned to meet on .1!"'riday , April 18 , a t 2 :oo . H• rm7n~ ctan:i;;;, • Rice Cowan lar c 22 , l 947 Meeting of the Board of Trustees of Centre College. The meeting w~s call ed to order by resident J . R. owan . rayer .was offered by Dr . Fr. nk Ca dwel l. ~ose presen were : Dr . J . R. owan , fossrs •. ogan Cal dwell , Lani.er , Nev i n , . cRoberts , J ones , Rodes , Baker , ~u cliffe , ,lac s , -Dr . Fr a...."'1.k dwel l , n.r . ernnann , and residen Groves . I t was 1oved and carried a e recomr:i.enda t ion of beginni ng ep enber 947 over-a fee , incl uding fee , and a or atory fees , for men students be raised t at is or the nine mont s of e academic year , be he E ecu ive orm:1i ee hat tui tio . , tudent ctivi ies to $400 or two semesters , approved . was reported that a 1 members oft e oard of .Lrus ees had sen in their votes approving the gran ing of e Doctor of Science degree t o. Dr . Cowan , the Doctor of HW degree to Dr . R. J . Mc.Mu l en , and e Doctor of Divinity degree o he Reverend Angus Gor do • t was moved and carried , therefore , hat e �96 resident no ify hese me of his action und invit i ng an the cornmencanent on J une 16, 1947 , to receive t e degree . o be present a I t was Moved and c rried that resident Groves review the present funds that a:re now avail ab e for schol arships wit the purpose of maki ng new recommenda tions for their use . I t was r:ioved and carried that e.ntre Coll ege take the necesi.ary stei,s to rai se ap roxir,1atel y $6 0 , J 00 f or the i r.unediate needs on the li st presented by resident Grov es , copy of w ich ·s t ac ed o t ese min~tes . It was n oved and carried that .Ir. ug Nevin be au horized to st,..rt irnmedir. el y wi th pl ans f or a recreat i on and student center buil d ' ng. t was mov ed and carr.i ed that the Hnanciol Carn a i · . Cornmi t tee an resident Groves take the prel i minary steps neces:Jary toward obtaining i nformation fro~ ilash"ngt on and ee Uni versit y wit . regar to t heir experi ence vrith un.d- raising irrns with a view t.o ob t aini ng he ser vices of one of these fi r ms for rai s ing t e ne e s sary funds . I t was further r,1oved and carried t a t t e Fina.ncial Carnpa ' gn or.:un i ttee make its report as e..ar y as po ssibl e to the Exe cuti ve ornmittee of the Trus tees which s all be empowered to act i n the natter of t e prop sed financial canipaign. I t was moved and carried that it is the unanimous op"ni on oft e Board that the ecreational and student center building be compl eted nnd ready for use by the op eni 1g of Coll ege ·n t e iel l of 1948. I t was moved and carri~d that r . Hewl et t be appo i nted Chairman of the Corr1L.1i ttee t o arrange or the i augurati on of Pres i dent Groves at a ate to be determi ned in the Fal l of 1947. I t v1a.s moved and carri ed that !.!essrs. BAker "nd L ogan aldwell be added to t e present coJn.'1i t ee on the recreation and student cent er bu l di ng which at present is com osed of fess r s . Su c iffe , C hainnan , Nevin , and J ones . e report of 1ir. Hef el f i ng:er , Dean of Men , and ir. eyer , Business l:anager , with regard to room ren t schedu es for :he r1en was approved and it wos voted that thi s sc edule of room r ents e put in operation 'eptember , 9 7. The schedul e i s as f oll ows : . Ne,7 te Sem . ·ngl e Rooms - per stu ent .Co1:ner ooms - per student Other oom - per student Fraternity ~ ouses Year 90 . 00 .90 . 00 75. 0 1 80 . 00 180 . 00. o.o 15 .oo 100 . 0 l d Rate r. 60 . 00 50 . 00 50 . 0 30 . 0 Year 30 . 00 150. 00 o•.oo 90 . 00 The report of Dean Hew ett on the number of courses on the men I s campus enrolling women s tudents and t e t o t al numb er of women student s enr oll ed in these cour ses was r ead and refe r red to Ir . ogan Cal dwell and . re· i dent Groves , he committee on t e colLege bus . T e meeting adjourned t o meet at t e regul ar r.1eeting of the Board of Trustees in J une 947. tf/1.l~tfll:.~ i::iec~ t ~ ro Tem �97 D--nv l l e , entuc1cy ~pril. 25 , 1947 Ueeting of t e Executive ornr. i tee - April 25 , 1947 The Execu ive ComPJ.ittee of the Board of Trustees of resident ' s Of ice at 2:00 . M . entre ollege met in the resent were Me1osrs . Logan Ca l dv;e 1 , 1 oberts , 1/isanan , J ones , /all i s , Lanier , ,odes , tind 'ut c i ffe , and res·dent Groves . The minutes of the mee ti ng of March 22 , 947 , we r.e r ea and approved with t e note that at the request of resident Grov es the meeting was changed from April 18 to Apri 2 , 1947 . Mr . Herber t Heyer , t e Business Hanager , submit ed the ~ a.lance 8heet of the col ege for he ni ne months of the co l ege year end·ng 1{arch 1 , 1947 . tt ·ention was ca l ed in particu l ar to the arge amount of 1111.ccounts eceivable'1 with the note that this is n.ue to t he de a-:l in the payments of the v e terans 1 bills by the Vet e r ans ~ drninistrati on . Mr . MeJrer reported the p an now eing made whereby col eges may co ect a he en of th e first four or f i ve weeks of a term up t o 7'"J,& o t e tota fees due for veterans from the Vet era ns Administrat · on du•Aing that term . If such re ief can be ob a.ined , · t wi 1 save be co lege conside r abl e interest in borrowing funds t o meet its obli ga tions . Mr . Herbert eyer so reported he s ituation in the -cafeteria on t he Hen I s Campus , now under the di r ction of the new di etician , Miss \/hi te . e difficul. ties ent a i ed in operating the cafeteria without financial loss were reviewed , e1.nd it was the consensus of opinion that the operating staf of the ce.feteria shou d ·be cut down a t the time of the ser v ing of the breakfast meal in view of the few number of students who ava i themselves o the opportunity to get b reakf ast at he cafeteria. t was t he thought hat wit the cafeteria .primarily responsib e fo r only lt ch a nd supper , it wo1 d be possible to manage it wi t one shift of employees ins ead of two , as are now being used . r . Meye r al so po· 1t ed out bat there was now being kept a constant account a d inventory of th e cafeteria i order that here mi gh t be a permanent control of i s financial situation. By previ ous rra ngement wit h President Groves , 1r. J ames 'I . Bethel a ppeared befor t he Executive Com,·ttee to make his repor on th e i nsurance now being carried by• entr,e o lege on 1 i s buildings o both c ampuses . Fo lowi g Mr . Bethe 1 s r eport , the Executive Committee voted to make the increas sin the co ege I s insurance schedul e in accordance with the suggestion of l r . Beth el , this over-all increase being on e of approxi matel Jr 40%. Se schedule below. It was furt er voted that a survey be mBde by t e engineer r ecommended by , r . Bethel , of recki nridge · 11 and a l so oft st Hull and 1or gan Ha ll to see what the i ncrease , if any , shou ld be in the insurance of these buildings . ni s house , recently acquired by the College , be I t was a lso voted that the added to he insurance schedule of entr e Co lege . In connec ion with all of these changes in insurance po icies , it i s understood that ~he Business Hanager of the co l ege is to have a binder i ssue d i mmediatel y on the increases mentioned in the at t a.che is of approxima e y 40;& an i was moved and carried ha all o t is nt'lvr insurance be alloca ted , �98 co pro,1: ortionate to present po icies among t e sever.=. s ranee of the college. agen ts handli ng the in- It was vo ed tha he re uest of the ity of Danv i l e for t he property on Colle ge St reet and Russell Str et be referred to t he Bui dings and Grounds ommi tt ee fo r s t udy o.nd repor t to a l ater meeting o the Execut·ve Co :ni tee . I n view oft e i ncreased costs ent a il ed for the colleg e in preparing for the inst ll a t.ion of the buildings offered. by the Federal tfousing gencJr to the coll ege for housing the chem is.try abor t ory , it was vo ted that the previous actions aken by he Execut ive Comm ittee accepting these bui dings from t e gov ernment be rescinded. fr . Herbert • Meye r was &uthorized o send a tel egr w1 to the C icrgo office h of the ederal 1forks gency , asking whether or not it wo . d be possi b e to use the se buildings offer ,d by the government for chemistry laboratories _or other pur.poses han ose of a chemistr~, abo r ato ry . The thought back of this motion was t hat he col ege mig t be abl e to mi 1.:e other use o t hese bui dings , such use being t a t whic woul d enttd mu ch le s expense fo r ins a l ation . I t was r;:ioved and econded hat Hr . Nevin orepare an present pans &nd figures for the remodel i g of Young Ha ll to enc:.bl e the different science depar t men t t o handle the i creas ed number of stu ent s that are ex_pecte next year • hes p nns · and esti. a tes to be p esented a t the next '1ee ti ng of the Executi Ye Comni ttee . The l e t ter of Hr . Nevin with regi,r · t o he recen meeting o_f the cor:n~ttee o the recr.eationRl building was read as a re ort of the ,1ork to dA.te of this co mi t tee . report was ma e by resident Groves of his recent vi it wi. th · r . L oyd Rogers of Gr ecnvi l e , Kentucky , regarding he Rogers Zducationc T1'Ust . rote w s made of :. r . L oyd : oger I s suggestion thnt steps s ou qe tr.. en at once to get in touc with the ounty Superinten ents of Schools nd the rincip •. ls of he Hig. i::ic ools O- .ike , 1 uh enberg , end hio unties in or er to 6 e t. eir cooper, tion or he op era ion oft e ust fun by 948. res i dent Grove- tia de a report of .is visits '17ith the fund rai~ing firn of .:nrts Lundy end al so tlie ""'i rm of 'Jar , ',fells , and Drl: shman . At the conclusiou of thib re::,ort it Yras v;oted +hat res i dent Groves get i touch wi h t e firm of .!h.rts nd Lundy o urge upon t en e necessi t. of beg nnir.g ~ e ce:npa.ign "or he recr eational building not uter then 'eptember , 1947. r . Ilobey riad exp essed e opinion t at t eir firra v:ou d no be ab e o eke n any new ~· 01''{ _pri o:' to .J an ry , 1945. "n d .. rts and m, fir m vr·.s p;;;ed on t e _fact the.t eir nethod of procedure , as out ine in t eir conference wi h reGi: e Groves , seemed much , ore in keep i ng v • th the situation of ent re o 11 ege tha tha which w s out ned by the {a.:rd , de l s , and l'eshman firm • T' ~ '. o 1 e p c"''trence for t~ .Adjournmen • Dlbert G. ·•u c .iffe • cting 'ecr,,.tary �e Is ollege Campus To :Building • !ai n Bun ding 2. Libra ry ✓ • Gymna sium 4. Young cience Hall 5. 1 entre 6. V/isema:o. Memorial ormitory 7. cReynol ds H 1 8 . Hill crest 9. Frye House 10 . r a.i } :ortse 1 • 'erva nts I uarters 1 2. Yowel House 7 00 . , 59 , 5 - .oo 4 . 000 . 00 43 , s, o.oo 24 , 0 o. 2 , 500 . 00 7 , 000 . 90 ',✓ omen I s 1. 1 o.o , 00 .oo 24 , 000 . 00 6 est Ha ll Co 11 ege Cam pus $52 , 000 . 00 29 , 000 . 00 1 , 500 . 00 2 , 000 . 00 8 , 000 . 00 4 , 000 . 00 2. Gymnasium ,. , • Maint enance S op 4. Dundee _ all 5. McGoo dwin House 6. Caretaker ' s House I t wi 1 be notei th at i n the above t e en 1 s Campus , and likewise , no 'nd t;he Tunis House on the i/omen 1 s were referr ed f or further study a s 91 , 000 . 00 . 00 0. 00 42 , 000 . 00 8 , 0 • 60 , 000 . 00 60 , 000 . 0 91 , 00 . 00 4 , 000 . 00 1 , 10 ~ _,,4 , 000 . 00 1 , 000 . 00 10 , 000 . 00 4'7 , 000 . 00 l~O , 000 . 00 2 , 000 . 00 -z2 ,ooo.oo 11 , 000 . 00 6 , 000 . 00 no ment ion_ is ma de of Br eckinridge a. 1 on :nent i pn i s made of East Hall , .organ Hall , Co l ege Cum.pus . Al oft ese bui dings soon as pos sibl e . Danvi l e , Ken ucky 1 ay 16 , 1947 The Executive Cornl!littee o the Bo a rd of Trust ee s of Centre Col ege me t int e President ' s ffice at 2 : 00. .. The roe e ing wa s opene with prayer by Mr . Fred la.His . C ldw, 1 , '1lF1 i s , 1cRoberts , Tho~ e present were essr • og Lani er , Wiseman , ·utc iff e , M es a nd resi d ent Groves . il e minutes of he. meeting_ of . pril 25 , ones , Rodes , 947, were read and app roved. rl c. vis , n the recommen at ion of resident Grov e it wu s v ot ed tpat fr . graduate of estc ester Teachers ollege of ennsylvani a and the ' chool of Education of the Universi ty of ennsyl vani a , be appointed to~ e pos it ion of Dean of en. t is under too that this office sha become a f ull time administrat ive off i ce , includi ng all of the work now under the of ice of t he Dean of en a nd , in addition , pe work o s t u ent coun seli ng and the work of college admission • The sal a r y of M . E rl C• . Davi s is to be $ , 60 . 00 per r year plu.s ~ to he Teachers I nsura nce nd Annui ty ssociation. n view of the act 1 a , is appo_intmen t involves a change i n s atus or rofessor Heff elfinger , w o has been ac t ·ng as Dean of Men , the fo ll owing Resolution was dra wn up , and ·twas voted that it be sent to Professo r C r ence E. Heffelfinger . �100 t a regular meeting of the Exe cutiv e Cenlrli t ee of the oard of Trustees on May 16, 1947 , he following action was unanimousl y voted . r . Cl arence E. Heffelfinger joined the fa.cu ty of Centre Co lege in 19l+2 as a member of t he Department of ]conomics and Business .Administration. .. r . Heffelf inger fulfi l ed his duti es int is department in such a manner as to win v et:y earl y t e commendation and f riendship of both his fe low faculty me bers and t he students of Cen re College . I n 1944 during the war emeFgency he·was sked t o t ake over he ·duties of the .Air Crew lumni Secretary to w.ic we re l ater added the duties of Acting Dean of 1 en . I n this capac:i t y , v ith a l arge enrollment of Air Corps- ~tudents , he did a di ficul t job well . Air Corps St udents and i n many instances th eir friends and fam ili es , a l so , formed a eal aff ection and interes t · in · entre Coll ege l argely through the eff rts of Mr ; Hef elfinger as was witnessed in t e ret rn of many of these men after t ei r war servtce to Centre Coll ege to compl e te their co l ege course . W it the expanding enro l men t· of Centre al ege , the work .o the office.of Dean of ?v en must be enl arged . · At the same t i me , the responsi bi i ty a nd . teach ing load i n the apartment of Economics and Bi.1siness Administra tion are increasing. I n this situation the Executive ommittee voted t o return .r. Heffelfi nger for his fu 1-time to the Department of Eco nomics where he is so s o:rely- needed , and in token of his loyal and unselfis service for the past y a rs as Acting Dean of • en an increase of $200 . 00 was voted i n his anm1.al sal e ry for the academic year of 1947-48. I t· was•fur+her voted to send a copy of thi s Resolution to He felfing,)r . rofessor The 'pe cia om:1 ittee of Mr . Logan Ca l dwe l and resident Groves on the Coll ege .Bus Situa ti on made a renort , and , on t eir recommendation it wal3 voted that the college be authorized to buy and opera te its own bus beginning i n September , 947 , nn ess the coll ge is ab e to draw up a new contract wit t e local bus company or not mo re thnn $1+00 . 00 per month for the operation of the bus between campuses . A report v1as re d from ean Hewl e tt with regar to the present and prospective enrollment si tua ion . • proposal to adm it 1 7 new men students and 75 new women students . or a tot of 250 new stud nt s , wc1.s approved . res id ,nt Groves re nrted on next ;veflr I s salary needs , and t e at tac d ist · in ac cord vii th this report was voted with the increases in sA.lRries as ne 1 as changes in r a rL'.{ and additional faculty nember's whi ch are i ndicated . A report was made of the correspondence vii th Mr. obey an Mr . Lundy of he Marts- and Lundy fund raising organization . Mr . Earl \{ . Foster is to arrive in Danville on J une 2 or to begin e necessar;)r survey prelimi nary to the ca-npai gn , nd Mr . George Lundy wi ll be present at t e fu l meeting of the Board of Trustees on J une 14 to discuss v1ith the Trustees plans for this undert aking. A repor was nade on he i tuation in the redecorating of the Dean of Men I s •fi ce , known as the l:>hu er Memorial oom , and it was voted to have the service ,of dedication of t is room as soon as it can b arrfnged with . r . end Mrs . Shu er af er t he arrival of t e p aque which is now 1:1.waited. I t was recommended t at a ll manbers of t. e Bonrd who can do so EJ t tend this cereraony of ded.:i.ca.tion at the time to be announced. 0 �It Vic s vo ed thflt t. c college procee wit. 1 the renov,ition of oung ~cience H,,11 end tha t e f i nc l cost figu r er, be presen ed t.t ,h June nee ing o e fu mee n5 of t he oa rd . At hat time t he decis · on vii. be taken as o ,, ere the funds for t i s work ure t o e secured. A report was made on t e ac .i • • .A. foyer , ,E' . usi ess regard to t e .a) e ernl • onsing in eve and . .l!o l ovling is o w et er or not ~ 1e co ege Centre ol ege ·for emporary ousing si ua ion , and i t wns recommended a Uana,~'or , gc furt ,er facts an estimate with uni ta nov1 and e a. ri e Generc: ospi al i orma ion , a · nal decisi o s to e mude s wis es t o erec these units on t e gro, ds of ousing for faculty -members • •r . . eyer made a f urt; er repor on · e i nsur&nce •O col. -ege uildi ngs o the ?,!en 1 s rind ,lome 11 s runpuses , speci::!:ca ly , on reckinridgf a 1 o- t1e l.en 1 s nmpus d -"'as t an 11iort,c1-n a l s and the Tunis ouse on the ;fomen 1 s Campus . ·It was vo ed o incruise t e insu .nee on Brecki ridge Hrmaking t e o t 1 insur~nce car ried-$1 80 , 000 . 00 on the besi oy "-z4 ,ooo.oo . of. o;{, coverage . I t wa_, vo ed to increase t e insurance on Zast and Morgan ::pl 4 , • )0 , maki ng t 1e total insurance carried on t ese wo buildings $260 , 000 . 00 , on t e basis of SO ;o coveri:ge . t was ur her voted that the insurance of t cse tv,o a 1 a be sep ar,➔-ted in accordance wit the reco::u:1endati0n of t insurance engineers . I t was voted to add~ , 400 . 00 to he insurance 0f the Tunis tottl $19 ,400 . 00 , on 1 00,b cover· ge . ouse , making the The f i nal ,insurance sc edu e of b.ll buildi ngs on t e 1ien 1 s and '.omen ' s is found on t e schedul e a t tached. - am.puses n t e recommendation of t he Business , a ager and the vurions departrn1m t s co cerned the insu··cnce sc edul e of t.he contents o the buildi ngs on ~ e l.len I s and ,iomen 1s C ampuses was thoroughl y rev i sed , hnd the foll owing schedul e. Yas ndopted . ~ee -a.t tache lis t) The Bu.s i nes s Mun ger made a. report- of t he financial s i tuation of the co l ege as of April ?0 , 1947 . ( ·ee attached ba a nce hee t , Apri l 0 , 947 ) Tirom th i s re_ort i is evide .at the col ege wil l probab y break ev en in its current op erations , but it wi 1 be necessary o carr y orwnr as a de i ci t al lllo t n l of the $67 , 000 . 00 expended for capi tal i terns . e Business - , anager pre ent ten ative t Wf1S voted ha t e resident and budget or t e·acadeni c year 1947- 4 8 to the Budget o,imi t tee of the Executive ommi tee on May 1 , 1947 , so that it mny be poss i b e t o present n completed budget or t e· coming vear to ,he f 1 ueeting of the Boar of '.:'r u tees o. J une 1u, 1947 . 1e meeti1g adjourned to a te to determined ater . 101 �102 · ary ::ic1e • ul e Fpproved by t e Executive Sa .1947- 48 ommittee , ~.,a.y 16 , 1947 Rema rks I n rease in sal . T rofessor§ nderson , Ca rl Coe. ran . T. .n; . ook, .iii . )[ . Jones , nott , J . P. icharnson , T• Ritchie , E. .tlobinson , ,{ . J . ush , R. I . Hodgkins , • Gilli am , { . ~ . . . 4800 . 00 500 . 00 )+00 . 0 -z4oo . o 400. 00 - ..,800 . 00 350 . JO 3500 . 0 3900 . 00 40 o . oo 300 . 00 2l.~O . OO added 1947-48 350 . 00 00 . 00 273 . 56 200 . 00 170 . 00 00 . 00 1 70 . 00 90 . oo (a ded in 194 7 48) 00 . 0 170 . 0 100 . 00 1 s 5. 92 10 . o 24 . 44 a dded to fac . 2 o. oo 165 . 00 300. 00 add . & promoted \ in r a nk 1 / 1/47 \' Associa te rofe~sors Arnolds- atron , • Come , Arnol d Heffelfinger , C. 3 . oon , :&nma L . Ro binson , aura ·chwe..rz , A. R. ,.i h, • Bt eere , D. Wal kun , J . 3000 . ')/') 2900 . 00 200 . 00 2900 . 00 3000 . 00 _ _,100 . _,000 . 0 :_z4oo . oo 3200 . 00 145. 00(added) 1 60 . 0 145. 00 1 Or JO 155. O 00 . 00 170. 00 160 . 60 200. 00 100 . 0 2 o . oo 100 . 00 100 . ·o al so promote 200 . 00 200 . 00 also promo ted ssors Aden , J . 2300 . 00 amero n , - therine 2600 . 00 E l is , • 300. 0 Hazel rigg , a • 000. 00 Hill , Ii est Loetscher , :.H•. err ell , 1/ . B. 1 an , • B. P i mrose , Helen T lbert , C . has Young , l,i . 230 .oo 000. 00 2300 . 00 2600 . 0 2400 . 00 2800 . 0 2900 . 00 1 o . oo 140 . 00(optional ) 00. 00 100. 00 100 . 00 added to facu ty in 9 7- l.is 140 . 00(optional ) 1 50 . oo(optional ) 140 . 0 (optiona 140 . 00(optional) 200 . 0 200 . 00 100. 00 200 . 00 I nstructors Cheek , uby • Cooper , Dorothy Couey , rs . nn P. I g ehear t , E l iott. 120 . 00 2000 . 00 600 . 00 2400. 00 a l . -time 2'.)0 . 00 time added to faculty in 1947-1~3 ice . J ean 950. 00 50 . 00 ernploJ•ed for one se11ester on y 1947-li- 8 �103 e :Executive Committee authorized the p r e i dent to empl oy the o wo i ng additional facul y ratnbe rs for the year 1947-1948 as soon as tqey may be ound . Sub.ject ?nd re Sal. rofess or German fos ic ilosophy and P.e igion 947- 48 T 300 . 0 t 1947-48 emarks 50 . O l _,5 . 0 2700 . 00 2700 . 00 7 .o::> nstructor Engineering DrFwing Fine Arts 20 . 00 to 1 ~. 00* 20 . 00 to - . • 00* 24 0-,- 2 00 . 0* 2400-2700. 00* As t . I nstructor To als part time 600 . '.)0 Biology _ 5, 53. 92* 120 , 2 0 . 00 *Th ese tota s include the fig1..1re of ~27)0 and. $ ;5 in columns one r.n two . '°' :Jo ru!. , .,. , 47 The regul a.r se i - annub.l nee ti ng of the Board of Trustees of Centre College was held on Jun e 4 , 1947 , in the office of the P resident in Old Oen re Building , invil e , en t u cky . Te C ai1inan of the Board o r rustees , Dr . J . Rice Cowro1 , took the chair and called unon Dr . J esse HerI'i ann to o en t .e meeting wit prayer . resident Groves and he foll owing r1e!'lbers of the Board of Trustee s were present : Dr . Jesse Herrmann , Dr . J . Rice Cowan , E!nd viessrs . odes , cRoberts , J oplin , J ones , ~utc i fe , Vo . Thurn , iiiseman , Lo 0 an Ca l dwell , an ntwerp , Jr . , Nevin , Lanier , Baker , and dalli s . The matter of the e ,;acy of the Jillead Cemet ry w· s turned over to o inv estiga e an~ report further to the Board of Trust ees . r. odes Concerni ng the est, te o Robert 1[ . Trimbl e , J r ., · t was ordered that the petition to the ounty ourt .for Browar c County , :inori de , in e mc,.t ter of t e inventory and first nnnua.l repor t of the executrix be execute by Cen re ,o eg·e of entucky by nnd t, rou.:"" its Treasurer, }el son Ro '.1 es . t was r10ved nnd carried t at the report of t e Tr easurer be received an file • I t 1·;f;s r,1oved cmd carried t at he report• of t e A umnRe Secre , ry , Alu.,rni 'ecret·rv , ..... t etic Jep1-.rt.1ent , Dt n of 'en , Dtin of. •fone , Dern of :he ~aculty , Librari.t.n , Re igious fo r: or:imi t ee an the resident be received ruid -"'iled with the e,·ception qf t 'le :r:e ,or of t e Busin ess Man ger . I t ,.,-aL aoved and c1.rri ed t n the re~•surer open up Hl ac c ount to be k·10wn , s 11 Rep .G ce:~ent : nd ::rnrovewn fund , 1 t e ·1oneys of w. ich can be ir,ves e ns t e reasurer sees fi , ancl t a, , e G...E>.,c,11orn eoues be the ini tia item in s 1 ' ep ~cRmen, .·,.l '',i_)·ovc:ic,1',; :i\.1.1.-d. . '1 l '.>,e was met. thb , r . Jlet=:>.orn ad no �_ ., 104 I" - ,..~,._rj ~ near 1·el at ives , and . t erefore , no is bequest • etter of acknowled.,gient wa:; sent re e. ard -of rustees co_ erring the LL. . e "revious mnjori y c::.ction of t e Degr,..:e on l'.r . - ru et 1Heal was □Ade unan · mous . T' e fo owing ·eniors w o have comp eted t e requirement or gra.d11.atio1 were recommended by e Faculty to t e oa.rd f Trustees ""'or the degree o Bachelor of Art s and were ·i1pproved for t. e gree : · entucky o l e e _or ,,o.ien b iz~.beth Givens , c inney Betty a nn o , ary Est er Hola ?1-rc · a Owens U, ry ·.; t rs ily Ru el osley ~ rl e C urtis l!&ry sis o i · J eaJ.1 :!!'ishback Corde. 5 a J , __ e J uett :rs . C ntre o.lege :b,rank a l dwell , , r .. ,7 il burn a skey ecil Ven .~e~er rf, b , Jr . ".oy .cldminston Hol l i s ell 'v ans Thomas ythe Gentry Rober is Henshaw Io ·Lrd ::i . Hilborn dill i em ig,,;ins Hopper , Jr . ·1.oru lii J ...ines Hutton Ec1.rol <. Lee Jo ~son .fo ert -.ner Lu.swell - obert Johnston len , Jr . Me.rvin ,!osel y , Jr . ,falker :,k inney foe noscoe M. -'i .r o_ Richard Burl o c ulze J osep ~dw,•.rd \ni th J o. n i/ . Tomp1:i ns ,ii 1 · wn Boy, \/i tt The fol orin~ ~enior who has completed t e requ·renents f r gr·duation was recommended by e aculty to: e Board of Tn1&tees for , e degr e of tc el or of c ience i n orne Economics ·.nd Wi: s approved for tl1e degree : • ent-:.1.c1cy Co . ege for 1fomen ~ara Denny .)ti g1:.J.l t was moved and c,irrie,d that t e re comm nd·· tion of . r . I awlinson regar inc t e need or ibrury t cks be referred to t e Buildings i:md Grounds Contni tt ee . l:r . L nier nade ".: e repo:rt fort , .1dgM on1i.".1ittee . Te entctive budg t prescribed by the Bude-et 0:,1,1 i tte,? was < ;;,proved , and t e Administration ias asked to operate on it s basis· until he aiJprov a l of the fin, 1 b , get a.t the ctober nee ing of the i3oard . ( 'ee f'il es I t was moved and carried th t a chedul of salf.l.ries for 1,,ecr taries , s eno,;rc-,pher , and othe r o. fice workers be drawn up and preoent ed a t the next meeting of the Executive omrnittee. he report of t e Bus iness he reryort (See f i es) an ger vws rea y .fr . . eyer , ro1 it w " voted t,o accep t The report of the Co""lmi ttee on ecreational and Physical :C:ducation Bui cling was r ead by re'·i ent roves , nnd pp roved. :I'~ �etter from :1 r . 'eorge Lee to ,Ir . llodes wr,s refl.d by Mr . :'odes co. cerning t e need for the Recre.at i_onal and ysica c, ti on Bui ing. 105 Tn e report of t 0 e Bui din:~s and Groun~s Com:ni tte e was read by Mr . Sutc iffe , and it Wb.S vo ed o accept tl' is report . ( 'ee i es ) e fr-en ty hous·ng s ituat i on w,.s reported by resident Groves . I t was moved and carried that a comni tt ee of Hr . Logan C· dwell and .1r . Nelson odes be authorized to secure an apartment house for the fnculty at a price no to exceed ' 20 , 00 . ,)O . l etter from Dr . ·w1n iar.1 R. L0:ird ; tendering his res i g:1ation from the Boord of Trustee , was read . I t was_~oved -~nd carried that his resignation ·be accepted and that let ers from resident Groves and the ->ecretary of the Boa rd be sent o r . Laird , te lingo qur appreci ation of his int erest and hop i ng that he wil l continue his interest in the future as e has in t~e past . · Mr . via li s reported the resi gnat io n of r . Charles I el ch . twas moved and carried that we Hccept this res i gnation and that lett ers from · resident Groves i: nd t e ;jecretary of the Board be sent to · r . ,iel ch i n the sane tenor as the et er to r . Laird. he Board of Directors of Centre ol ege l umni ssoci at ion presented the fol l owing n .es t o be approved by the Bo o~d of Trustees , one of the aforenamed to be 'elected as a Trus ee mern'ber from the lumni ssoci t i on: J ohn Van \link e , J runes T. Norri s , Cl em J onson. ese three names were received , and r. r . Jo n Van Win. e was elected to fill the k vacancy o the Board of Trustees cree.ted by t e death of Mr . Robert r rimb e . A repor o t e need or a college infirmary as read by reside t roves . vr s recom:1ended that resident Groves con;,3ul t wi th Dr . Chri . J ackson , he college phys· cian , as to t e 1 eeds of a college infirmary and that , as soon as hese ave been.ascertai ned , the B~ildi ngs a~d Grounds Commi tt ee be asked to s t udy possibl e loca tions and sk i r . 1/alker to give a~ accurate ~st i ma te of the construe ion costs involved . As soon as t i s ma eri al has been gathered , it was further recomr.iended that ese reports be made to the Executive Comr"littee with power to act . Concerning co- educat i on and co-ordinate education , it was recommended that resident 'roves , ean Hew e t , D'?an Sweeney , and r . H. 1:,-. Ueye r be asked o make a s tudy and report n.t the ne t semi-annual meet ing of the Board of Trustees on the advantages and disadvan a ges of co- education t..nd co-ordinate education at Cen re Coll ege , including what woul d be necessary o i mprove our present se - up o parti~ l co- ordinate education. I t was voted th~t the Henr y Barret Boye )rize not be awarded this year . I t was recommended t a t the .Board deny the petition of the hi el ta '.Ph ta. ]'raterni tv to operate a di n ng hal , explaining that while the Trustees are anxio11s to encourHge raterni ti e s a Centre . ey are a l so concerned hat the fraternity members be a pr.rt of the corpora e s t udent body , 0nd they believe hat this atter aim can be b st S6rved by having students eat i n the college dining hal 1 wi th other students . ther nonna l living together in the fraternity houses and raterni ty ac tiviti es ::ihoul d be suffici en to develop real fe lowship within the ratern t y . Fu.rt ermore , the experience in the past when fraterni.ties have mismanaged t er dining ha l s and left unuaid bil l s behind has been a matter of embarrassment to bo h the fraternity concerned b.lld the col ege , and the college wants to avo id repeti tio n of this k i nd of t ,ing in t e u ure . �106 1e petition re-gar ing 1 e retention of rofessor E. D. Branch from certain students was 1·ead , ut it was voted tha t in view o all he circumstances , this pet i ion be denied . It was r~0ved and carri ed that t e ques tion concerning the requi ement that a 1 non- resident s udents be required to live in the dormitor-i es be referred back tote Buildin sand Grounds ommittee or further study . Report of or:1mittees on Election of Trustees . Comnittee No . 1- (U. · • • ) repor ed and recommended election o Dr . Cowan , tr . J ones , and inn ace of Dr . 1 8lch , }. r . I ke Lanier i n the class of 1951. They al so recommended that l, r . Fred inson be el ect ed to take the pl ace o_ r . Lai rd . ese r-ecommend~ t ions were approved . Commi t ee o . 2 (U • • ) recommended t at . essrs . Sutclif e a. d ~ile for he c ass of 1951 . is reconmendation carried. be ele cted I t was nioved th.,_t the e ection of A U.'11ni Trus ee awai t the action of the Al umn i i r ect ors . I t was moved and carried thc.1.t l msted Brother · be en l oyed to make a sur vey of the Cent re Campus accor ing to their 1 etter of September , 1946 , t o begin not l ater han September 1 , such survey to give definite recommendat ions as o l ocations of all future bui dings . I t is understood that the coll ege t t o furnish the opograp i cal survey. The fo owing commit tees of the Boa.rd were el ected for 19l+7-1 943 : Execu ive o . ittee - lelson D• .1:odes , Clainnan , J . Rice Cowan , J esse Herr 1ann , Frederick .A . fall s , J1'red B. 1fo.chs , :.:. bert Gary Jutcliffe , ogan Cal dwell , I ke Lanier , George A. ·. lcRobert s , .i.lober t ,I • ..!iles , John E. iiseman , ~runuel B. Jo ne . :b.,inance Commit tee - Uelson D. Rodes , George A. ,lcRobert s . irman , 1,::e .-;nier , J . Rice Co,·1an , Committee on Bui dings a nd Grounds - Elbert Gary dutcli ff I ke Lani.er, Geoge • Mc obert s Commit ee on C o ,/al li s , J . Hice :OU.dget I Chai rman , ege ~ ana""ement - Je sse Hernnann , Ch irman , ]'rederick owan . I ke Lanier . ommi t tee - Elbert Gary ut cl · fe , I ke Lanier . The meeting ad j ourned . ,J Secretary is 1. . �Danvi le , Kentucky ~Tuy 11 , 947 Meetin,; of 107 he Execu+,ive Committee of the Board of Trustees . e meeting was called toge her by Mr . -Nel son ... odes . rnyer wa s of ered by Hr . : o es . 1e following members were pres ent : · es .,rs . odes , ,;EJchs , erro&nn , 1 cRoberts , 1 Logan a dwell , utc iffe , Dr . Cowan , Hnd resident Groves . 1e mi nut es of approved. e nxecu+,ive • om.rnittee iieet · ng of day 16, 1947 were read and T e saL1ry schedul e requested by t e Board of Tru · te es nt t eir ,., e i ng on J une 14 wa s presen ed as drav,n up by resident "roves . T'r is s edule was adopted , ,Ti t e unders anding +-hat it shall be reviewed rom time to .ime in e lig of furt er experience . It was fur er recommende hat t 1is sc edule , P.S n opted , be sen t to al l -the dep rtnen al ears of ·he coll ege employin 5 secretarial elp and t a thy ~e advi ed that nos be de ermined for any sccret <1 ry 1d t hout the prior approval o , anaeer of · e college. • High "' chool Gradnc::.tes wi th no eXP eri ence ]'irst six mont . s econd s i x mont hs ciecond year Third year ollePe Graduates wit irs six mon s six non s $100 . 00 per month 110 . 0 20 . 0 30. O erience -~120 . 0 p er month . yeFJ.r ird year "ourth year Fifth yesr u 11re s fl us or t agreement between and o owin o e determined by mu ual and t e business manager. is recognize t a peop e vii ex erience em:9 oyed by th3 co lege wi 1 ave -l;o e emp oyed n a special st;:: tus , oug wher eve pos i bl e the above scale sha 1 be used s a de . I n gene r al an experienced per on oul d expec to begin at a C\ fi.. f',XY of Ht l eas t one yenr es e h a regul ar emp oyee o t .e co l ege wi he seme years of experience , e . g ., a college grArluate of f'o11r years experie ce elsewtere shoul d e ·pect to begin at the ree;srenr l evel ris an ernpl oyee of he college . nar-ie y . $150 . 0 per rTlonth . e principl e at work here is t nt ,m il e revious experience is of va ue it is not so val uflb e for serv ic e wi h t e coll ege as experience wit the college. I n co nection with t e above s,, Pry :;;cE-.1 e t s onld be no t ed t ., t in recent survey 1;u ished in the .April , 1947 number o 0LL,.:,J-::.:! B ~pn~ss the fo ov,ing wer e the average sa 2.ries i n the areas i n ica ted : �108 Type o wor e r a n e fo·r • ti . Av erage in ._01..1t .- Central ' t a tes ypist cl erk Top secret ari es . 11 •., . 00 to $1 45 . 00 . 64 . QO to 98 . 00 12 • 0 161 . res·dent Groves reported Mr . l'.1eyer 1 s ·iri.dings w:i th regard to th e purcha se of a new bus for the college . I t was voted that r . ieyer . after consulta tio with the lo cal dealer , givi ng t hem 1:m opportunity to supply th e bus i possible , be authorized . to go ahead with t e. urchas(? of this bus a t t e price quoted by the compa1 y fr om Cin i nnati se' Ung the 1/ayne bus for a price of .34846. I t was al so re co nended t at r . · e, er take Mr . Cocanough er of the Boyle aunty Depa rtment of Education with him when he makes t h i s pure ase . 'J;'his l ast recommendation is made in view of the experience of Mr. Cocanougher in thi s matt e r of school buses. President Grov e s r epor t ed from Mr . Ieyer , the us iness mruwger , ~he off er of Mr . Curtis Bot om of pring ie d , Kentucky to s e 1 to the college a new Chevrol et one-ton pick-up truck for $17 95. n v i ew of the need for t his truck , it was voted tha t Mr . Meyer p roce ed wi th the uurchase of t h is truck though he was i nstructed to see whether or no t it would be pos sibl e to purchase this truck from a lo cal ea er before deali ng wi th Br. _Bo ttom of Spri ngfield , Kentucky . ft.er some discussion of the need for a new bool _eeping system for our endowmen t a ccounts , it was voted that the Finance omr:1 itt ee in consult a tion wi th Mr . l,!e;)'er , h e busi ness manage r , recomr1end the system of ac counting required Rnd ttat ns soon e.s pos s ibl e the bookkeepin g or th e income-producing funds of th e college , both endowment and those t empora rily eld as endowment , be set up in or der that a f u report be made to t e all meet i ng of the Boa rd of Trust ees . resident Groves r eported th:,.t -rofessor Ritchie ;,r,.s finis ing up the topog r c,phica l survey of the campus a nd Ur . Nevin l a t er reported correspondence with M . Marquis of l ms t ed Brotbers in which he indicated that h e would be in Danv ill e r ear ly in Augus t to begin the work o their pnrt of t e survey . Dr . i tchie e xp ects to . A e h is mat eri a s r eady before the arriv al of fr . Marquis . v 1 n accor ence with t e r0coru.men .at i on of the Budge t oMmittee a t its qeeti ng on May 30 , 19 the :Sxecutive Cororrii tt ee to ok action , authorizing t e Buil ings rnd Jroun s Com mit ee to go over a ll the re a l est a te owned bv th e co Lege outside of Danvi le with a vi ev to th e sul e of as much of it a t th i s time of f ev orR ble.prices ns is advis able a nd po ssib e . Aga i n in accordance wi th "'ecorr.rnendati on of the Budge t Committee of the Board of Trustees , it was vot ed that the income from the Maurice Farris ]\tnd des i gna t ed for renovating and conpl e ti ng he football playing field of Centre Co ege and the s t adium call e J:!'a rr i Stadium be pai d over t o the business manager of t he coll ege in the san e way t hat the income on other fm1ds is paid and that t e business manager be a uthorized to nay for the proper expenditures in c1.c co.rd with _the terras of. t he will of Hr . Maurice Fa rris agai nst t his fund . After s ome discussion of t e invit a tio n of Harts & 1dy for t h e college to send a member of it s adrn i nistrat ive s aff to a conference to be hel d G.t the Hotel Roosev elt i n New York Cit y , August 20 . 21 , und 22 , it'was vot ed that !,Ir . Robert • iyers , the Execut i ve Secret a ry , b e asked t o att end thi s confe r en c a s e is he indivi dual who is 'TlOSt likel y to be the cont act m n between r,arts & Lundy and the admini str· tio n of the college in t e coming Pina nci al Campaign. �109 ,r . ;,feyer , the busi ness manager , brought in a renort indica ing the. t ere are now some $48 , 000 i n back bills due by he college to various merchan sand organizations . r . Meyer Rlso made R report on o t her funds nee ed or the current operations of the col ege . ccorrlingly , it was r1oved and carried tha t the t reasurer of the Board of 1r rustees , in consul ta ion wit the president and bu siness manager o the co lege , provide he funds so that the bus i ness manager can pay all current bill when due , t.ese funds to be provided by setting up a revel ving und from endowr1ent fun s not otherwi se inves t e or f rom a loan fro a. bank or by whatever other means w ich seems f-1.dvi sabl e to the treasurer , he president ana he bu~iness manager . ' is ac ion has in mind rot on y the ecess.ar . 43 , 000 for the payi,:ent of current bills but al so the funds nee ed in tre f uture to . keep col le~e bill s paid up on a current basis . I t a s no ed t a t e co lege coi.il not hope to re ain the good wi l of :.1erc ants i n · own i f its bi ls were no t pai on time . This is perticu arly important in view of the coming · f i nanci a l camoaig.a. resident Groves reported hat there are a pre ent 187 students enro l ed in sum.'11er sch oo and a report rom ean Hewlett was also read indi cat i ng that at present there will be an es i r.1aterl. 600 to 625 students in co l ege in Septembe r , 1947 . I n accordance with the ac tion of t he Board of Trustees nt :its full meeting on J une 14, tlle Execu i ve ommi t t ee considered again the recommenda t ion wit reard o requi ring a ll en s udents to live i n· the dormitories and upon the recommendation of resident 'roves , it was voted thnt begi ing September , 911- , i n addition to t he present requirement t hat l' reshmen live in t he dormitories , Sophomore qen , a far as oss ·bl e , al so be required to i ve either in -+:he dormit orie · or in fraternities . is ru in.si: is to i:...ppl y to s· nd nts who are not r ,sidents of Danvill e . I t was fur her :recomrnenaed and approved that tl"' i s action e revised· an·d enlarged to inc ude a 1 r.1e st,1de ts if and w en it should appear ·i- ot "1en I s dorini torie·s a·re ·not eing used to capacity. t wi 1 be noted that such ac t i o binds t e co ege o the proper :-naintenance c-nd supervision of i ts dormitori es. I t was moved and carried tha. President Groves be einpower e to i 1 t e vacancies in the f aculty created by the resigm:i.tion of rofessors ougher ty and r i mrose of the ph;)rsical educrition department . Note was a so 7ade . the empl oyuent of D:r . Carl Misch as a.ssfstant rofessor of erman in accordance with the p r evious authori za ion o Pr·esident· Grove s given by the Executive CoFl!ll i ttee . resident Groves reported t he wo r k of Messrs . Rodes and Logan Cal dwa 1 in t e 1 easing of a ouse of t 1·ee apa men ts , t 8, ,/est Vl· l nut Street an:... he pure ase of e house of ree apar ments a t 525 ,lest Hain t>treet to accomnocm e in al l six members o the college facul ty . twas al so reported by resi ent Groves that e co l ege ,as been g iven thG refus 1 of wo npEirtment s in t e anHrtrnent ouse :-ecen l y pure ased o;v Hrs . Hur t . It was mov ed ad carried thc:.. t the treasurer be authorized to borrow money o be pa i d back as soon as possib e fro;n the proceeds of the .. clleynold 1 s :E'un'ls for the expenses incurred in the renovation of oung Science 1 1. The nlens subnitted by he ogan orr.pany for the erec ion of ire escapes in the buildings of t 1e women 1 s campus were ap roved &nd u.bject o furt er approval roa .Ir . lJevin , ~Jr . l.ieyer , t e business mma.ger , was aut orized to write the con:i.m ny to proceed iIDG1edir.te y with the in~t: 1.h. ion o he fire e..;c .p s . i~djourmen t . �110 £1nvi e , Ren ucky· August 5, 7 l eeting of the ~xec,1 tivc Co'll.1itt~ e he ili::ecu i ve om 1i ttee o · the .Bo ~,rd of T1 1stees o entre o 1 ege ne two o ' clock liriduy , . i ~ugust :., ; 1947 , in•t e re ident 1 .., fice . ee ing was calle o order y t e irr an , : r . fol son a :odes . -re ollowing embers were rese n t : Messrs . 1fisenan , 1 cl{oberts ,· J ones , Su tc iffe , Cowan ," 1 a l i s , Ro es end President Groves . reyer was o fere e minutes o by :r . "'i'red 1h 1:1 . the mee ti ng of July 11 , 134 , were rend fan approved. resident Groves rea a st.1te,1en on t e at etic :po .icy of en r e o lege r·nd a l so t e a c ion of the .Bol:l.rd of Trus t ees o Cen re o 1 ege of "entucky +ckcn on Marc 2J , 34::? , , u,-1. '.he c.v!. ~,t: • • B • t copies of this stater:1e1 t ,uou e sent to all he nem"er1:1 of he Boord o Trust es and. n.l so tlu:it addi tionhl p roper ublicity e given o Tru, tees ' at letic policy as indicated i t' e ir act·o:n o tkrch , 1942. resident Groves reported sever•, •,1ee t e Trustees B1L( ·ngs nnd Gron"lds o'n,..•1i e.e <'l t w ·i t e coi'1mi t ee over wi h so::1e care all t e u din 5 s o bo cocip 1 ,~s . Reco:arnendf, ions were· y 1 co:n.nii ee wit. reg&r1 to t 1e :=issigrrnent of c : ssroom s , t e Lss · gnment of facu y offices , and ot 1er necessary repa i r items , & 1 of which are be i r,.g tr en c-.are of y 11 r . J . J . teiger , Sup erintendent of Buildings and Grounds , r . H. A. 1 eyer , Business anager , an , res i ent Groves . r . Hugh vi was rei.ent and 1a e " report on t e ro r-ess of t ,e renovation of Young uci enc Hell. He repor d th.it the ori_ina budget of &pprox·,11.,.t ly $l+3 ,ooo . 0 was e el usive o b owers , fume oods , repuir o chr-nistry des~.::s a.n cabLets , and ci:: binets under t e ur.1e ood ; <C.l o , re.airs onwindo\7s , intc:dor pai.ting , "nd. ew othsr items , 1· of v;:iic1 \7il re uire as much cs $1 " , 000. 00 additiollal . The de t ails of t is report' re to be furnished in a memoranduu from r . Nevi • (.; ee abendu t'o ese minutes ?1 t Vi i s voted t , the i nterior painting in You'hg Ha ll he omitted this yeor .:..nd thr,.t President Groves consult wit t e member of the science faculty +o see w et · er or no sor1 · other i t"ems mi gh no t be postponed 1.1nt il another year in order that t, is cd,lition outl ay be cu t r-s m1 ch as possib e . Mr . Nevin a l s o r eported on th e cfunµus ·survey and that •r . :iarquis of l msted Bro thers was in Danville at 1ork wit .Professor L i tchie on the survey . t was emphasi zed in t is rep or t tb t thou:g , r .· , arqu i s md been given a s tatement of the p rob ble uture build i ng needs of the col ege , includi ng g'.,nnnasium and re crea tio n building and fraterni y hou ses , no sta. emen had been ;-1ade to r im concerning indiviimil 01Ji nions regarding the locc1tion of ese ui l r in" with the hope that ·1s recommendations mi, t be made v; i hou prejudice purel y on t e b~sis of the ote deal devel opment of the campus . resident Groves cal ed a enti on o the addit ional ibrL:.ry repor mail ed to e Trus ees . e comparative e.rge•itans f·or Sal ary E!rl our get we re exp ai ned as being 11e o t e year s of neg e c i n wr i c 1... ready ot· t e ibrar.y �111 had been allowed to run down, making both excessive purchases and excessive help necessary now. Attention was also called to the fact that the faculty, aa a •hole, is requiring more uae of the library from the students. · The very small amount spent by Centre College library for periodicals last year was explained by Mr. Rawlinson to President Groves aa being largely a matter of bookkeeping. Bills for periodicals arrived just after the booka were closed, though the periodicals actually reached the libraey during 1946-lH. President Groves reported that Mr. -Alfred Rawlinson, college librarian, had tendered hie resignation in order to be able to accept the position of head librarian ot the University of South Carolina at Columbia, South Carolina. It 1• noted that Mr. and Mrs. Rawlinson•• home is in Columbia where they still own their home, and also, that professionally thia position offered to Mr. Rawlinson is quite an advancanent for him. It was therefore voted that the Executive Committee accept with deep regret the resignation of Mr. Alfred Rawlinson as librarian and at the sane time commend him for the fine work which he has done in building up the library during hie short term of office. President Grovea reported the receipt of a telegram from Dr. Laura Robinson, aaaociate professor of Ancient Languages, stating that she had been ottered the poaition of professor of Classics at Davia and 11.kins College at a salaey of $3,600.00 a year. Dr. Robin~on has be~n on the faculty of Centre College for ten years, and both Dean Hewlett and Dean Sweeney believe that she has done an exceptionally good Job, and both expressed the opinion that she should be kept if possible on the faculty. It was voted, therefore, to promote Dr. Laura Robinson to the status of full professor in the Department of Ancient Langnagea as of October 1, 1947. Preaident Groves has already written to Dr. Laura Robinson, stating that if the budget, when revised in November, 'will per.nit, all full professors will be considered for increases in salaries and that a recommendation will be made at that time for Miss Robinson of an increase of $300.00 per year. President Groves announced the appointment of Miss Marjorie Smith as instructor in the Athletic Department of Ientuclcy College for Women at a salary of $2,400.00 per year for her services for the academic year of nine months. Miss Smith is a graduate of the University of Kentucky and has two years of teaching experience at Greenbrier Junior College in lest Virginia. She comes to the college with fine recommendations both from the University of Kentuclq and Greenbrier. Her home ia in Owneton, Kentucky President Grovea announced the appointment of Mr. Harve A. Oliphant as assistant professor in the Department of Physical Education on the Men's Campua at a salary of $3,000.00 a year for a full year of twelve months with the provision of one month's vacation. Mr. Oliph'a nt is a graduate of Grinnell College, Iowa, with graduate work in Physical Education at the University of Michigan. He has had four years experience as director of athletics at Adrian College, Michigan, and additional experience in Physical Education aa instructor in the A.S.T •.P. at Grinnell College and in the Armed Services. In view of the fact that MiH Eatelle Crawford by the end of the coming college year will be within three montha of her 70th birthday, which means that she la already beyond the college retiranent age of 65, and in view of the further fact that Miss Crawford has been in the service of Centre College for some fifteen or sixteen years without provision for retirement or annuity allowances, it waa voted that Miss Crawford be employed for one more acadanic year, 1947-48, and that upon her retirement she be granted a five-year annuity of $200.00 per year to be paid for this period of five years with the understanding that pay~ents will cease with her death should that occur before the conclusion of the five-year interval.. ( �112 Mr. H. A. Meyer, the Ba.sinesa Manager, made a report on the balance sheet ot Centre College with the closing of the college book• on June 30, 1947. (See report in agenda to these minutes) The discussion brought 011t among others the following interesting points: 1. J'ees from students for all purposes far surpassed any amount ever paid to the college. 2. The figures both for operation and capital improvements show that the residence halls on the Women's Campus are costing the college tar more than the residence halls on the Men's Campus. Of' course, this does not take into account the outlay of about $146,ooo.oo for the rebuilding of Breckinridge Hall on the Men's C•pua• . 3. The most significant and disturbing itan in the college deficit is the large deficit of approximately · Cai'eteria. $3s.ooo.oo in the Men's 4. Campus houses used f'or housing faculty members ar e costing the college some $1,200.00 a year. In an attempt to eliminate some of' this cost, the .Business Manager reported that he bas already informed the occupants of these houses that they will have to take care of their own coal bills for heating and that some compensation in rent charges will be made to take care of this item. 5. Attention was called to the item of $450.00 for the housemother at the Phi Delta Theta house, and the question was raised aa to why' room rentals in fraterni t:, houses ahou.ld be lower than room rentals in the college dormitories, not onl:, necessitating this outla:, tor a housemother by the college bu.t alao inviting students to leave the dormitories in order to room in the fraternity houses. 6. Attention waa again called to the enormous capital outlq of $65,000.00 over and above capital funds available for such an outlay. The consensus was again registered that valuable for the college as nn1ch ot thi a outl81' is, the fault 1 i ea in the fact that ·moat of it was made without proper b,xlgeta17 authorit7 and careful consideration b1 the Trustees. There was no attenpt made to fasten the blame for this situation on anyone other than the Trustees thanselves for ·not watching this situation more caretul.17. Mr. Me7er reported that the order for the college bu.a bad been placed with Mr. Curtia Bottom of Springfield, Xentuclq, the bus to coat not more · than $4,200.00 and to be delivered sometime in October. It waa voted that all students on the Men's Campus talting their meals in the Men's Cai'eteria be charged in advance for their meala at a regular rate for the entire semester, the amount to be determined by the Business Manager's office. It was voted that letters be sent immediately to all incoming men students announcing thia charge. It was voted that in all faculty houses all the utilities and fuel, with the exception of water, be paid tor directly by the occupants of the houses. �Preaident Groves reported on the several meetings of the Trustees Financial Campaign Committee. The following .i tems from thia report were approved, 113 1. '1'he Inauguration of Preaident Groves should be a two-d&.7 affair. preferably November 14-15, with a view to making it a public , occaeion that would reaul. t in desirable publicit7 for the college. particularly on the occasion of the financial campaign. The recommendation of the committee that theae exerciaea be held in the Christian Church was not approved, and it was voted that seating arrangenents be made in our men 1 s gymnaaium to accommodate as maey as possible in order that the exercises be held on the college campua. The Executive Canmittee also approved schedule of meals on Friday and Saturday for different groups so that a larger number of delegates might be accommodated with the limited dining hall facilities which the college baa available. 2. The committee suggested a list of possible speakers for the ~ifferent events of these two days• and this list was approved. The liat includes Chelf Justice Vinson, President Frank Graham of the University of North Carolina. Chancellor Robert M. Hutchin■ of the University of Chicago, Wilbur Leroe, Lawyer and Moderator of the Presbyterian Church U. s. A.• ,Charles P. Taft. Lawyer and President of the Federal Council of Churches• John Mackay., President of Princeton Theological Seminary.', John Cooper. United States Senator. Frank Chelf• United State■ Congressman. and Morgan Beatty, Radio News Commentator. President Groves read letters from Mr. George Lundy of Marts and Lundy in which he stated that the results of the survey recently conducted by Mr. Earl Foster of the firm of Marts and Lundy has been completed and will be ready for study and consideration by the first week in September, also, that Mr. Lundy would like to meet with the Executive Committee as early in September as possible and, finall1, indicating that the fi,:,n is retaining Mr. :&:arl l'oster. who also conducted the survey. to be the director ot the Centre College campaign beginning in the fall. President Groves alao read a letter from Chief Justice l'red M. Vinson in 'Which Mr. Vinson stated tl'at Attorney General Tom A. Clark had accepted the invitation to be the chief speaker at the Inauguration Exerciaes of Centre College. A letter of invitation has been aent to Attorney General Clark, asking him whether Novanber 15 is a suitable date for him. President Groves reported the receipt of $1,200.00 from Mr. John Van Winkle last June to be used for acholarships for worthy students, men or women. President Groves alao reported a gift of $1,000.00 from Mrs. Ann Caldwell Kinnaird in memoey of her brother, Logan Caldwell, to be used for scholarships for worthy student■, men or women. Mr. Nelson Rodes also reported the receipt of $5()0.00, a bequest from Judge Samuel Wilson, a Centre alumnus ot the Claas of 1892. The McReynolds plaque ordered some months ago was on display and i a to be erected 1n the Dining Hall of McReynolds Hall. Dr. Cowan and Mr. McRoberts, claasmatea ot Mr. Craik of the Class of 1890, who lett Centre College the money to purchase the Preaident I a Home• now known aa Craik House, were appointed a committee to haqe a suitable plaque made for Craik House to take the place of the plaque now inatalled. �114 President GrOTes read a report from Dean Hewlett on the enrollment situation which shows that as of August 5, 1947, 255 new students have been accepted (of the 182 men only 72 are veterans) and 362 old students returning to make a total of 617 expected in Septanber. In view of the fact that experience has shown that a number of students, new and old, al though the7 have been accepted and paid deposits, will not appear at the opening of college, the college ia continuing to accept applicationa from desirable student ■• The Dean also pointed out that all new students accepted this year have fulfilled all of the conditions for admission as stated in the college catalogue. The meeting adJourned, and the date for the next meeting was set for 2:00 P.M., September 12, in the President's Office. THli: ATHLEI'I C POL I CY OF CENTRE COLLEGE l. The purpose of Centre College of Kentucky ia set forth clearly in the following words, 1 '!he aim of the college is to acquaint students with the main fields of human interest, to direct them in the acquisition of knowledge in those fields, and to .prepare them for those areas of life which are of moat importance to them, both as individuals and as members of aociet7. 11 (Catalog 1947, P. 22) To attain this general aim the facu.lt7 recognizes that certain specific aims must be kept in mind, and among them the following relate. a itself to the athletics of the college: namely, the aim •To conserve and develop their i.e •• the student••• physical and mental health." '!his aim implies a program of physical education and athletics tor all student• aa well as a program ot recreational activities for all. 2. The resources ot a emall college like Centre College are .limited, which ia fortunate rather than unfortunate, for thus Centre 1• compelled to uae her reaoucea thoughtfully and efficiently with her maJor obJectivee always in view. There is neither the time nor the means for unneceaaaey side-shows no matter how great the clamor f'or them may become. 3. Not only must Centre College husband its every resource with ita major objective in view, but aa a Christian college it must be doubly careful that all its practices be morally above reproach. Specifical.11 Centre College is a manber of the Southern Inter-collegiate Athletic Association and so ia governed by the eligib1lit1 rules of that body which apply to manbera of athletic teams. In that connection there rules state the following: (Article IX, Section 2) 1No student who receives 8A7 ccmpenaation from the college for aervicea rendered by way of regular instruction shall be allowed to compete on a~ team; but s t ~ laboratory aasiatante, or men holding analogous positions, shall not be barred b7 this rule.• As a member of this conference Centre College ia honor bound to accept its policy of nonaubsidization which ia here so carefu.117 stated. These three factora (aims, .reaourcea, and integrity) III.U8t be continually applied to all the activities of the college. Thia ia particularly true of the college's participation in intercollegiate gamea, which because of the .American'• habitual demand for the 1 bigger and better,• especiall7 aa it 1a encouraged by the Sport's Writer's fraternity, is in constant danger of being developed until the aide-show becomes the main show with the result �that the real aime ot the college are submerged. resources are wasted it not even dishonestly used. and moral integrity ushered out the door ln so far as the conduct ot intercollegiate games la concerned. 115 Happl17 Centre Coll· ge as repreaented by both .1ts trustees and 1ta faculty• e profiting by sane hard experiences in the past. has determined its athletic policy in line with its own accepted basic principles. (See action of March 21, 1942 ot the Board ot Trustees, which is appended.) By encouraging intramural games and the minor sports as well as intercollegiate games, it is developing a progr~a which is aimed at providing health-giving athletic recreation tor all studente. ~or the time being intercollegiate eonte,ta are being carried on in the belief that they encourage the acquisition of greater skill• through the keener competition involved, that the competition which they provide acts. as a stimulus to group loyalty among the student.• and also because of the proper danand anong students tor such ganes. Such a program of intercollegiate games in the present state ot affairs is not self-supporting for the simple reason that it is aimed primarily at student participation and not public support. 1b1s means that taculty, trusteea, and students must recognize that such a program coata money, though in the long run it moat certainly will bring returns in its . contribution. to the good reputation and stability of the college. This program alao means that thanks to the clash between Centre College•• primaey obJectives and some of the misguided popular clamor and expectation it may be neceBSaey for an interval to aboliah aome or all intercollegiate aports. · No one, at present, however. wants to do away with intercollegiate gamee, and ;yet all must keep in mind that, strange aa it mq seem, the policy of Centre College ie new and relatively untried among colleges and univeraities in recent years. Therefore it ia going to require some patience in order to put the new policy into operation. We are d1ecover1ng a number of colleges of our size who are operating under a similar polic7, but unfortunately they are not in our- geographical area, which means undue expense for travel should we schedule games with than. It le hoped that with more experience more collegesin our area will be found w1 th whom Centre can compete on what may be termed the "anateur 11 baaia. This one thing is certain and that ie that administrator• of colleges of the class of Centre are moving in the direction of the position that Centre College haa taken, even though m&D1' are still only able to regard ua with envy and wish that they -0ould take the necessaey step which Centre haa taken. There ia one thing that shoul.d be done in the. interest of eympathetic understanding and eupport and that 1a more publicity should be given to the stand that Centre College baa taken and all loyal friends of the college urged to give their wholehearted support to it. There 1a no doubt that such a step would be the meana of winning a number of new trienda for the college aa well aa strengthening ties with old onee. APPENDIX Action of the Board of Truateea of Centre College ot. Jtentuclq, March 20, 1942: The following statement on intercollegiate football waa prea.ented to the Executive Committee, and approved; We believe that intercollegiate football 1a a sport that develop• manliness, and reaourcetulnesa, and like other forma of healthy recreation should be alwaye L �116 encouraged among th e Centre College undergraduat••• As to furnishing aid by the college to students, who have excelled in playing football at their high achool or preparatory school, we believe that one atandard ahould apply to the a.dministration of the financial aid that Centre can extend to her undergraduates, and that standard should be, --does this young man give premise of becoming a worthy undergraduate and graduate, and do hia financial resources prompt the extension of aid. It is always difficult to successfully administer 8Jl7 bennolent fund, but surely a ~ roung man who can study and who can also pla1 football or any other form ot competitive aport should always merit the aympathetic interest of the Centre committee on admission. The hecutive Committee spent two hours discussing the whole matter of Centre's athletic policy, particularl1 with reference to aid to students. On motion, it is now ordered that from this time on there will be no such thing as athletic scholarship attainments, except that it is ordered that $3,000 each year of the income from the Farris Fund shall be set up as 15 scholarships of $200 each, and it is expected, in order to carry out the spirit of the gift of Morris J. Farris, III, that these acholarsbips will be awarded to undergraduates who are anxious to play on Centre's athletic teana and who are willing to do the necessary work connected with the maintenance of the athletic fields as is required under the will ot Morris J. Farria, III. We place the whole matter of awarding scholarships to undergraduates in the hands of the l'acul ty Committee on Scholarships and Stu.dent Aid, with the hope that1bey will wisely and sensibly administer such aid as the endowment of the College permits without discrimination against a student because of athletic interests, and without, on the other hand, diacri11lination against 11, student who has no athletic ability. It is ordered that. henceforth no undergraduate be given a room on the campus or his meals because of the fact that he plays on 8.Jl7 college athletic team. We further recommend that the whole matter of football schedJJle and training, etc. be auch that any student would be glad to play on the Centre teams and not feel that the training involved so much of his time and so much physical exertion that he would not want to be a member of any of the teams. Danville, Xentucq September 12, 1947 The h ecutive Committee of the Board of Trustees of Centre College met at two o ' clock, Friday, September 12, 1947, in the President's Office. present were Messrs. Logan Caldwell, Rodes, Sutcliffe, Miles, Dr. Cowan and President Groves. Members Wiseman, McRoberts, Jones, The meeting was opened with prayer by the chairman, Mr. Nelson Rodes. The minutes of the meeting of August .5 were read and approved. Mr. Rodes read a letter from Mr. Frederick Wallie in which he requested the acceptance of his resignation from the Board of Trustees due to 111 health. It was voted that Mr. Wallis be asked to continue as a member of the Board of Trustees but be relieved from his duties as a member of the Executive Committee of the Board. Mr. Rodes read correspondence with the executors of the estate of Robert Trimble regarding certain changes in their contract with Centre College, and it �117 was voted that Mr. Rodes write Mr. Lee, requesting more intormation regarding the proposed changes in the investement policy of the estate. President Groves read a letter from Professor Rush on progress in the renovation of Young Science Hall, which indicated that due to delq in plmbing installations, the building will not be ready for the opening of college, though several rooms m~ be occupied. It was recommended that Mr. H. A. Meyer be instructed to make a careful estimate of installations and equipment which the college must put in the Recreation Bu.ilding and that this estimated proposed expenditure be reported to the ixecutive Committee at its next meeting, It was recommended that Mr. H. A. Meyer furnish detailed estimates of the shop equipment which will be required for the college maintenance department in the new maintenance buildings now under construction and that a report of this proposed estimated expenditure be made to the next meeting of the hecutive Committee. President Groves reported that all manbera of the faculty are now taken care of in various apartments, including the several operated by the college, with the added note that the faculty members assigned to the Rankin house are finding it unsatisfactory, and they have already been advised that the rental of this house by the college is purely temporary, and it is hoped that before the lease expires all those occupying this house may be able to find better quarters in Danville. President Groves reported the unforeseen expense in the necessary expansion of the heating equipment in the recently purchased Blanton house (525 West Main Street) being renovated for faculty apartments. It was voted that Mr. H. A. Meyer ask for competitive bi<ia on this apartment and that a report be made to the Buildings and Gro,mds Ccmmittee who will have power to act. President Groves reported that after consultation with Mr. Hugh Nevin the contract for grading and laying walks around Breckinridge Hall has been made with Messrs. Horky and Nicholson, who have agreed to do the Job at coat with an outside limit of $1,200.00. It was noted that this item should be included as aprt of the expense for the renovation of Breckinridge Hall. President Groves announced the following changes in the faculty and administrative staff: 1. The appointment of the following: a. Mrs. Dorothy Thomas Cullen - Librarian b. Mr. Hal c. Yingling - Inatructor in Biology c. Mr. Willis o. Whitt - Instructor in Engineering Drawing and Surve7ing d. Mra. Ida Hardest7 - Dietitian at I. C. w. 2. The resignation of Professor w. D. Gilliam aa head of the Department of History ae of January 1, 1948. �118 �119 It was voted that Mr. Sam Jones be added to the .Bnildings and Grounds Committee. The meeting was then thrown open to a two-hoo.r report and diaCt1Bsion led by Mr. George Lund:, ot Marta and Lund7, the firm employed to conduct the BUrYey of' the college in the beginning of the summer. lollo•lD& thla di1cu.uion it was voted that the college employ the firm ot Marta and Lundy to conduct a financial campaign for Centre College along the lines proposed in the survey subnitted by Marta and Lundy, and the terms of' the contract those as indicated in the SUrTey i taelt. It was voted that the cost for the evening meal for the football squad during the football season be charged against the income ot the Yarris Jund. The meeting adjourned. Danville, Kentucky' October 10, 1947 Meeting of the hecutive Committee of the Board of Trustees. The meeting was called to order b7 the chairman, Mr. Nelson Rodes. I Present were Measrs. Jones, Lanier, Logan Cal dWell, Sutcliffe, Rodea, McRoberta, and Wiseman, and President Groves. The minutes ot the meeting of September 12, 1947 were read and approved with the . two following corrections. a. It was agreed that in the action regarding the resignation of Mr. irederick Wallis from the :Board of' Trustees that lt ahould be recorded that Mr. Wallis'• resignation .was not accepted and that he was asked to continue as a member of' the Board of trustees but be relieved of hia duties as a manber of' the Executive Committee. b. It was also recorrmended that the actual terms of the contract w1 th Marta and Lundy be included in the minutes. They are as follows: This Agreement entered into this 16 day of September 1947, between 1he Centre College of Danville, Kentucky, hereinafter referred to as the party of' the first part, and Marta & Lund7, Incorported, of New York City and Columbus, Ohio, hereinafter referred to as the party of the second part. Witneaseth: Whereas the said part7 of the second part hereb7 agrees to direct for and in behalf of the part7 of the first part, a campaign for funds between September 16, 1947 and July 31. 194s. and Whereas the said party of the first part agreea to accept the services of' the part7 of the second part in directing said campaign, It is thereby agreed that said party of the second part shall provide a service which will include the following: �120 1. To furnish the services of an experienced Director for the entire period of the campaign, who will organize and direct the work. 2. To furnish the part-time services of a Publicity Director. 3. To furnish euperviaion of the campaign by officers of Marte and Lun<\7, Inc •• who will outline and determine the general plan of the campaign and the method• generally to be employed in its conduct, and who will co-operate with the Campaign Director in carcying out the program. and that said repreaentatives will organize and direct the preparatoey work and carry out, in co-operation with the party of the first part, all plans of the campaign, giving their beat efforts to the organization and direction of the campaign colllllittees of volunteer workers. It 1• further agreed that said party of the aecond part, through their rep~esentative, shall have entire charge of the direction of the campaign, bu.t that the party of the first part hereto will give its hearty wpport and will enliat the support and co-operation of its friend• aa far as the same can be done, and further, the party of the first part agrees that it will do everything reasonable to advance the interest ■ of the campaign. It is further agreed that aaid party of the second part will cause to be rendered accurate reports of amounts of cash and subacriptiona received each dq of the campaign, and will cause all cash to be deposited to the account of the party- of the first part in some bank or other depository to be designated by the party of the first part, it being understood that such cash will at no time be ln the possession of the party of the second part. It la further agreed that the party of the first part will pay all necessary expenaea incurred in the campaign such as office expenses, printing, p11blicity, telephone and telegraph bills, coat of luncheons or suppers tor committees. and traveling expenses ot employed agents. The party ot the first part. through an officially designated Finance Committee, shall have control of the expend.1 turea for campaign purposes. In consideration of the work that la to be performed by the said party of the second part the said party of t he first part does hereby agree to pay to the party of the second part the s,n of TWENTY ONE THOUSAND DOLLARS (21,000.00) ($ 21,000.00) Dollars as follows: $ ••.•••.•••• on signing the contract $1,000.00 on September 30, 1947 $ 2,000.00 on October 31, 1947 $ 2,000.00 on the last day of each subsequent month until the total sum of $ 21,000.00 has been paid • •• ••••••••••••••••••••••••••••••• at the conclusion of the campaign. •·•···•·•···················••••··•all records, office files and equipnent will be turned over to the party of the first part. �121 'l'hia agreanent m91" be cancelled by either party by giving thirty daya written notice to the other party. . CENTBE OOLLEGE OF Irr~ Helson D. Rodea, Treasurer Marts & Lundy', Inc. G. E. Lundy, Vice President On the recommendation of Mr. Nelson Rodes, it was ordered that the real estate on Ramsdell Avenue and Grinstead Drive in Louisville, XentuclQ- be sold for $1600 and that Nelson D. Rodes, Treasurer of Centre College of Kentucky , be directed to execute, acknowledge, and deliver this .deed on behalf of the eorporation of Centre College of Kentucky. It was further voted that the proceeds from this sale be placed in the Replacemui s Improyanent !!mg. It was Toted that a stoker be installed in the basement of Main building to improve the heating plant in th1a mil ding and also enable i ta use for tlle heating of the new recreation building. It was voted that an expenditure of not more than $1000 be approved for the purpoae of new equipment for the college maintenance shop. President Groves made a report on the progreas in the renovation of Young Science Hall, the erection of the recreation building, the erection of the quonset huts for the maintenance building, the renovation of the .Blanton house and the construction of the walks around Breckinridge Hall. In connection w1 th the Blanton house it was reported that on recommendation of Mr. A. W. Walker, the heating plant at the preaent time is not being changed in order to avoid the additional expense and also in order to see whether or not the present plant is not sufficient. President Grovea reported on the plane for the inauguration and Homecoming November 13, 14, and 15. A mimeographed copy of the program for these three days is attached to these minutes. lt was further reported that preceding thia celebration there will be an organ recital by Professor Dwight Steere, Head of the Music Department, at eight fifteen in the evening at the Second Presbyterian Church on November 12, 1947 to which all the churches of Danville have been invited. It was also noted that the exercises will close with _a service of worahip on Sunday morning, November 16 at eleven o'clock in the Second Presbyterian Church at which time it is hoped that one of the vbit1ng college presidents will preach the aermon. · ·, President Groves reported tba t the recoomendationa for honorar;y degrees to be granted on this occasion will be sent directly to the Board of Trustees on the instructions of Dr. Jesse Herrmann, chairman of the committee on honorary degrees. Mr. H. A. Meyer made detailed financial atatanenis concerning the caf'eteria on the men's csnpua. the 1arris ~d and the current operating expenses of the college through September. 30, 1947. There waa considerable diacusaion of needed improvanenta for the music studf.os, additions to faculty salaries. and other items, all of which were referred to the budget committee for their study. L �122 It was voted to hold the full board meeting of the Board of Trustees on Thursday m orning, November 13, 1947, at nine o'clock. The possibility of a R.O.T.c. Unit at Centre College was discussed briefl7 and referred to President Groves for further stud.7. Meeting .adjourned. ~;J) ~ 7 <:}I: Uowan, Secretsr7 Danville• Ken tuck:7 NovElliber 13, 1947 Meeting of the Executive Comnittee. The meeting was called to order by the Acting Chainnan, Mr. Ike Lanier. Members present were Messrs. Lanier, Logan Caldwell, McRoberts, Wiseman, Jones~ Rodea, Sutcliffe, Dr. Cowan and President Groves. The meeting was opened with prayer by President Groves.. The minutes of the Executive Comnittee Meeting of October 10, 1947 were read and approved. It was moved and carried that in accordance with the action of the Executive Committee of October 5, 1947, Dr. Laura Robinson be granted a salary of $3300 per year, beginning October 1, 1947, the date of her appointment as full professor. It was moved and carried that the $3800 needed for the Main Hall Heating Plant, and the $6800 needed for the completion of the Maintenance Bu.ildings, be approved, and that the necessary funds be obtained from the College Treasury. It was moved and carried that Dr. Cowan, as Secretary of the Executive Committee, a letter to Mr. Norris Annatrong in reply to hie reque■ t for the purchase of twenty feet of land from the college, the land. located. to the east of Craik House, and adJoining the property of Mr. Norris Armstrong, stating that until the. present campua aurvey, now being made by' the college, is completed, the college in not in a position to give a repl7 to Mr. Armstrong'• request. WP i te - The meeting adjourned. Danville, Kentuck:7 Novanber 13, 1947 Meeting of the Board of Trustees. The meeting was called to order at ten A.M. by President John Rice Cowan. Dr. Peter Pleune opened the meeting with prayer. The following member• were present: President Cowan, Messrs. Jonea, Su.tclitte, Wiaeman, Logan Caldwell, Van Antwerp, Nevin, Lanier, .Rodea, iache, Mc.Roberta, Joplin, Baker, Van Winkle, Drs. Miles, V~,n Thurn, Frank Caldwell, Pleune and President Grovea. r �123 It was voted to diapenae with the reading of the minutes ot the meeting of June 14, 1947. President Groves gave a resume of the President'• Report, after which the report (For full report see files) ·was commended and re:ceived. Mr. Ro~es read the report of the Treasurer, after which the Board voted its appreciation of the work of Mr. Rodes and also the work of Mr. Lee and Mr. Barne■, following which the Treasurer's report was received. (See files for full report) Mr. Rodes alao made a report upon the Evana-Sumrall Memorial, and read the following paragraph from the .will of Mrs. Robert Graham mvana: "Upon the death of Mrs. »tana, all of the property that cane to Centre College of Xentuck:7· from Mra. :ivans either during the lifetime of Mrs. Evans or that may thereafter come to it by' virtue of -her will, shall constitute the _"Evana::Sumrall Memorial.• The funds conati tu ting such Memorial shall be i11veeted and kept invested by Centre College of Kentucky and the income from one-half of such principal funds shall be employed by Centre College each year to assist young men and young women of proven intellectual ability to obtain an education at Centre College. Residents of Boyle, Mercer, Lincoln, and Pulaski Countiea, Kentucky, as now established, shall have the pretennent in receiving aid from the •1vana-Sumrall Memorial. 11 One of these scholarships shall be called the "Mary :&. Moore Scholarship" in memory of the grandmother of Lillian s. Iwana, and shall be awarded to a student who is majoring in the study of the Bible; and one of these scholarships shall be called 11 '1he Josephine Graham Evans Scholarship" in memory of the mother of Robert Graham Evans. The other half of such Memorial Jund shall constitute a part of th~ general endowment of Centre College of lentuclq. • It was moved and carried that the house occupied on the Woman'• Campus by Mrs. Robert »tans, for the last five years of her life, named by her Dundee Hall, in the future be called the "Evans House. 11 It was moved and carried that a cOD111ittee of two be appointed to review the endowment records of the college in an endeavor to diatiJl&Uish the different t:,pea of gifts now included in the Endowment Fund, with a view to setting up a pe:nnanent record of the anount and t:,pe of all gifts received by the college. President Cowan appointed Mr. Lisle Baker, Jr. and Dr. 1rankR. Caldwell. On motion duly seconded, it is ordered that J. Rice Cowan, President of the Board of Trustees of Centre College of ICentucky, execute on behalf of this corporation the discharge of .A.saignment covering State Mutual Life Assurance Company Policy No. 241,408 insuring the life of .Amelia R. Thurmond. Mr. H. A. Meyer, the Bu.aineaa Manager, gave a reeume of the Buatneaa Manager's Report, following which the report was received with conmendation. (See tiles for full copy of the report.) The Bu.sines& Manager presented the new :Budget of the College, revised as of October 31, 1947, by the Budget C0111Dittee. Thia Bu.dget was apprOTed. (See files for a copy of this budget.) The Bu.Bineas Manager also presented a tentative budget of items of a capital nature, approved by the Budget Committee of the Board of Trustees at their meeting, October 31, 1947, totaling $17,049.98. (See file• for complete statement of this amount.) �124 The Business Manager presented a statement of the Farria !and., as of October 31, 1947, which was received and approved. (See copy in fi\ ea. ) The Bueinesa Manager presented a statement of Profit and Lose of Centre College Cafeteria, aa of October 31, 1947, showi~ a net loss to that date of $1,725.51. Thie report waa received and approved. (See files for statement) It was moved and carried that the Buainesa Manager prepare a separate · aimple statement, similar to the.t prepared by some busineHea, which give an accurate picture of the financial aituation of the college; this . to include incane, expenditures and balance sheet. It was moved and carriecl that the letter addressed to the President of the Board of Trustees, by a faculty committee composed of Messrs. Young, Come, Jonee, and Dr. Laura Robinson, regarding salary increases, be answered by the Secretary of the Board, stating that thie matter should be reterred b7 th~ faculty to the Presia,nt of the College, who ia the representative of the faculty to the Truetees in all such matters. It was moved and carried that the question of faculty salaries and bonuses be referred to the Budget COU111ittee of the Board of Trustees, with power to act. It was moved and carried that the following atudents, recOIIIJlended by the facult7 to· the :Board of Trustees, be approved for the following degrees: _ For the Degree of Bachelor of Arts of Centre College: James Davie Bennett, II Robert Dibrell Brooks Andrew Jackson Davidson, III Norfleet McKenzie Hawkina James Vernon Huddleston Paul Jones Hughes, Jr. George Litch Knight George Elgin Morison, Jr. Davis T. Porter, Jr. Rq Merle Van Hook For the Degree of Bachelor of Arts of Xentuclcy College for lomen: Margarett Moss Faulkner Mary Je• ■e Hobson · Joan Robinson Mary Jane Myers Shippen For the Degree of Bachelor of Science in Home ~conomica of Kentucky College For Women: Luda Frances Beat Jane Walker Gooch President G rovea reported that nineteen affirmative votes (and no negative) had been caa~ for Honorary Degrees for the f oll owing: For the Honorary Degree of Doctor of Lmva : Attorney General Thomae C. Clark President Charles E. Diehl Governor Simeon s. Willis Senator Johns. Cooper President Frank H. Caldwell Doctor Henry H. Sweets President Alexand~r Guerry Dean Lindsey Blayney "'Tj C, Q �125' lor the Honorary Degree of Doctor ot Science: Doctor .Alexander Wetmore M lal ter J. Murphy r. Mr,.. Sumner T. Pike For the Honorary- Degree ot Doctor of' Divinity: Doctor E. Fay Campbell Dogtor Mark J. Andrews Nineteen af'f'lrmative votes were also cast tor the Honorary Doctor of Laws Degree for Senator A lben w. Barkley, but 1na81lltlch as he oould not appear in person, the degree is not to be granted. It was moved and carried that the matter of stacks, lighting, air conditioning, browsing room in the college library-, as recommended by the l,ibrarian, be referred to the Bu.ildings and Grounds Committee, with a .view to drawing up specifications and estimates of costs for the work, to be reported to the Executive Committee. It was moved and carried that the Buildings and Grounds Cor.llnittee be asked to review the needs of the Muaic Department and make its report to the Executive Committee. It was moved and carried that the Buildings and Ground.a Committee make recommendations to the Executive Committee concerning the future use of the Evans House. It was moved and carried that the Buildings and Grounds Oonmittee review the needs of several items tor the renovation of the Craik House (The President's home), and that they make a report to the Executive Committee. It was moved and carried that the question of the installation of an R.O.T.O. Unit at Centre College be reterred to the Executive Committee, with power to act. It was moved and carried that the recommendation that a Commencement, granting degrees in courae and honorary degrees, in the :f'all of every year, at the time of Homecoming, be referred to the lbtecutive Oolllnittee. It was moved for election to represent Mr. Hager in and carried that Mr. s. P. Noe and Mr. Lawrence Hager be approved to the Board of Tru.ateea to fill vacancies on the Board of Trustees, the Al'llmni, Mr. Noe to fill the vacancy in the Class of 1951, and the Class of 1949. It waa moved and carried that the matter of campus survey be referred to the Bu.ildings and Grounds Committee, with power to act. President Groves reported briefly on the following items. a. Progress in the renovation of Young Hall. b. Progress in the renovation of Blanton House, which promises to be completed by December 1, 1947; c. The -arrival of the fire escapes for installed at once; K.c.w. ,"''which are to be �126 d. Plana for the installation of a telephone system on the Men's Campus. aa approved by the :Bu<i&et Committee of the Board of Trustees; e. The arrival and operation of the college bus; f. The completion of the Recreation :Building given by the Goveronent. - ' President Groves reported on plans for the dedication of the Shuler Memorial Room. on Saturday. November 22, at 2:30 P.M., to which all members of the Board of Trustees and their wives are invited. r It was moved and carried that Centre College advise the fraternities who have raised their quotas, as stipulated in the arrangement approved by the Board of Trustees in August 1946, that the Trustees' Committee, Mr. Logan Caldwell, Chairman, is making a survey of fraternity houses at other colleges. that a campus surve1 to determine the location of these and other new bl11ldings. is being made by the college. to be finished sometime in Februaey. and that the college will be ready to meet the quota of each fraternity with its pledge of approximately $18,000. It was moved and carried that President Groves make a further repQrt and recommendation to the hecutive Committee on the matter of Alumni (ae) Scholarships. Meeting adJourned. Danville, Kentucky December 12, 1947 Meeting of the Executive Committee. The meeting was called to order by the Chairman, Mr. Nelson Rodea. opening prayer was offered by Mr. Rodea. The The following manbers were present: Messrs. Rodes, McRoberts, Wachs, Jones, Lanier, Wiseman. Logan Caldwell, Drs. Herrmann. Cowan, Miles, and President Groves. • The minutes of the meeting ot Novenber 13, 1947, were approved as read. Report was made that the letter to be sent by Dr. Cowan to Mr. Norrie Armstrong had been sent in accordance with the action of the Executive Committee of November 13, 1947. The Business Manager presented the Financial Reports of the college, as of November 30, 1947. He called attention to the large amount in accounts receivable, and explained that this was due to some $60,000.00 due the college from the Veterans Administration for veterans studying in the college. Since this report, $24,000.00 of this, as an advance P81Dl•nt, has been received, but the college will have to borrow cash to .pay its bills between now and the second semester, pending receipt of the balance due from the Veterans Administration. After further discussion of the report, it was voted that it be approved and .received. The report ot the operations in the men's cafeteria was presented, showing a gain of $1229.51. during the month of November, on this operation, thus .reducing �127 the deficit to date to $496.oo for the current year. Thia large profit for November was explained as being due to the five-day holi1lay which in the method of bookkeeping used would acc0t1nt for about $1,000.00 ot the $1229.51. The Business Manager, however, went on to report that as operations are now proceeding the remaining deficit in the cafeteria account should be wiped out by the first of February. On motion it was voted to accept this report. Following further discussion of the situation in the men's cafeteria, it was the concensua that the President and the Business Manager should tey to get a better person to take charge of thi s operation, as the se"ice, though financially satisfactory, is not good enough to serve the beat intereata of the students and the college. Preliminary reports were also made on the dining hall at x.c.w., and the two coffee shops, in the recreation hall on the Centre Campua, and on the women's canpus. No action was taken on these reports until the Business Manager haa had time to prepare more detailed statements. The Prea1dent 1 a recoDlllendations concerning Alumni and Alumnae Scholarships was read and approved, with the understanding that these scholarships are to be supported from scholarship funds now available and that the President be further authorized to make any necessary minor changes which mfq seem advisable after further discussion with the Alumni Committeea. That proposal is attached to these minutes. · The President made a full report on the results of a questionnaire sent to the trustees, to the faculty, and also a separate questionnaire taken in a student poll, concerning the establishing ot a Reserve Officer Training Unit at Centre College. Twenty of the trustees sent in their votes. eixteen registering full approval, two registering approval contingent on the necessity ot such a unit on account of a Universal Military Training law, one being undecided, and one preferring not to vote since he thought that he had inadequate information on the subject. 'l'he report trom the faculty- was as follows: Those in ~avor of establishing the unit without qualifications ot establishing the unit, .twenty; those provisionally in favor, depending on the passage of Universal Military Training, eleven; those opposed, eight; not voting,aix. On the student poll: Are you in favor of R. o. T. c. Aft irrnati v e Veterans Non-Veteran• 134 b8 Total Men •••..• 202 at Centre ~ollege? Negative 54 45 99 Women .••••. _,_,_6_8 __________ __ 2_2 Grand Total•• •••• 270 121 lould you ,t ake R. o. T. c. next year? FRESHMEN Mtirrnative Veterans Bon-Veterans 22 31 Negative 21 42 �128 Affirmative Veterans Non-Veteran• 36 3 Veterans Non-Veterans SOPHOMORES NegatiTe 48 11 14 JUNIORS 24 g 3 SENIORS Veterans Non-Veterans · i'otal Voting 2 0 116 13 Q 170 Of the above totals the following ia the analysis of those who wouid be eligible for the basic course and those for the advanced course. Of those eligible for the basic course, 40 stated that they would elect R. O. T. C. Of those eligible for the advanced course, 76 said that they would elect the advanced cmrse. It is noted that at least 100 is the number in the basic course required for establishing a unit, and at least 50 in the advanced course. As to basic cmrse, in all likelihood, there will be at least 60 additional candidates in next year'• entering class. After hearing the above report, and also after conaiderable discussion on whether Centre should apply for an Infantry Unit or a Mili.taey Police Unit, it was voted that Centre College make application for an R. O. t. C. Unit, stating as ita first choice an Infantry Unit and its second choice a Military Police Unit. The proposal of President Groves for an annual Fall Commencanent, as described in his report to the Board of Trustees of Novanber 13, 1947, was approved. This means that on an experimental basis the college will plan for a regular academic ceremo~ in connection with the Yall Homecoming. A report was made on the dedication of the ~buler Memorial Room. on November 22, 1947, and both Mr. Rodes and President Groves reported receiving letters of ap- · preciation f'rooi Mr. Frank .B. Shuler. A report was made on the progreas of' tbe 1inancial Campaign. President Grovea reported that u of Thursdq, December 11, some $43,000.00 in pledges, including $14,000.00 in cash, ·had been -raised in the Danville and Boyle County area. After some discussion of this report the manbers of the Executive Committee registered their satisfaction with the progress being made. President Groves made a report on the total costs for the renovation ot Young Science Hall, as reported b7 Mr. Nevin in hia statsent of' Decanber 5, 1947. President Groves reported that the figure of $61,124.13, which is about $16,ooo.oo more than original estimates. ia explained on three grounds: 1. Repairs on the roof are included in these estimate•, though originally this item was to be taken care of' with the regular operational budget of the college, in which $7,000.00 had been included. Thus including thia $7,000.00 means that the original estimate was actually $52.000.00 ($45,000.00 plua $7,000.00.) �129 2. Considerable work on laboratory tables, library shelves, have added to the total cost, though these also were not a part of the ·original estimate of $45,000.00. The expenditure, however, in this item was not unforeseen, and the totals here are considerable less than approximate estimates originally made. 3. The one unforeseen item of expense was a need of an addition of $6061.55 for extra plumbing work made necessary by installing duriron cup sinks in the laboratory desks . of .the chemistry- department. Though this item was unforeseen, it is believed that this installation will result in a great saving in upkeep, which has been a very heavy item in the matter of plumbing repair• in the chemistry department for the past several .years. On the report of the Treasurer, Mr. Treasurer was authorized to arrange reservation of the mineral rights. the rental check to Mr. Carmichael, did not wiah . to renew the leaae. Rodes, concerni11g the Texas Farm, the for the sale of this farm at once, with the At the sane time, he was instructed to return and inform Mr. Carmichael that the college On the recommendation of Mr. Rodea, it was voted to send a letter of thanks to Mrs. W. Scott Glore for the gifts of furniture and books which she made to the college for the Evans House. After some discussion it was the concensus tbat the college take step• at once to reply in . the . affirmative to the request of the cit:,- for the land which the cit:,- has requested on College Street and Green Street. ·#c/.d The meeting .adjourned. • Acting Se cutr:.7r Danville, Kentudey Jonuary 9, 1948 Meeting of the hecutive Comnittee. The .meeting was called to order by the chairman, Mr. Nelson Rodes. The opening. prayer was offered by Mr. Rodes. Members preaent were Messrs. Rodes, Wiseman, McRoberta, Jonea, Logan Caldwell, Sutcliffe and Dr. Cowan and President Grovea. . , The minutes . of the meeting of December 12, 1947 were read and approved with the following additiona and corrections: The last action of the minutes of December 12, concerning the request of the city of Danville . for . land from the college should read, 11 haa requested on College Street and Russell . Street. 11 The change in wordi~ is from Green ~treet to Russell Street. The following action taken by the Bu.dget Committee of the Board of Trustee• on Uovem.ber 28, 1947 and approved by the Executive COl!lllittee at its meeting on December 12, through an oversight, was not reported. Thia action is as follows: On recomnendation of President Grove■ the following salary bonuses and increase■ for administration and staff were approved. In explanation, these increases �130 for the f'acul t1 follow the following procedure: Full Profeasora: a bonus or a salary increase of $200.00 or in some instances, a bonus of $100~00 and a salary increase of $100.00. Associate Professora: married men, bonusea and/or salary increases, $150.00. Asai1tant Profesaora: bonuses and/or salary increases, for married men - $150.00. Bonuses and/or salar~ increases for single men and women - $100.00. Instructors: Bonuses end/or salary increases for married men - $150.00. and/or salary increases for single men and women~ $100.00. Bonuses On recommendation ot the Bu.dget Committee it was voted to recommend a salary increase for President Groves ot $1500.00 per year, beginning Janu&r7 1, 1948, making his new salary $7500.00. The present salaries for faculty, adminiatration, and staff, in view of these above actions, are as follows: Facultx Aden, John Anderson, Carl .A:rnolds-Patron, Paul Cameron, Xatherine . Cheek, Mrs. Ruby Bony $ 50.00 200.00 Cochran, T. E. 100.00 50.00 100.00 100.00 Come, A. B. 100.00 Cook, lll. W. Cooper• Dorothy Couey, Mrs. Ralph Ellis, Roy Gil 11am, W. D. Hazelrigg, c. T. Heffelfinger, c. E. Hill, West T. Hodgkins, Al ton .R. Igleheart, llliot Jones, Jameson Kellam, Jack B. Knott, J.P. Lane, w. B. Loet scher, Fred Luttrell, Mrs. Rodney Merrell, Wm. B. Misch, Carl m. Moon, hna L. Oliphant, HarTe A. 0 111an, Martha Richardson, J. T. Ri tchle, E. Robinson, Laura Robinson, Wilbur Rush, R. I. Schwarz, A. R. Siurua, s. w. Smith, .A.nnie J. 100.00 50.00 50.00 150.00 50.00 Sa1ar7 $2,900.00 4,800.00 3,100.00 2,700.00 1,200.00 3,600.00 3,000.00 3.600.00 (½ time) 600.oo (¼ time) 2.000.00 2,900.00 3,300.00 (Dec. 31, 1947) 3,000.00 3,300.00 50.00 2,900.00 200.00 100.00 4,000.00 1,800.00 plua, room and board 3,600.00 150.00 2,700.00 3,600.00 100.00 1,800.00 plus.room and board 50.00 50.00 50.00 150.00 50.00 150.00 50.00 100.00 100.00 3,100.00 950.00 (Jan. 31, 1948) 2,900.00 3,000.00 3,000.00 3,000.00 2. 700.00 3,900.00 3,600.00 3,300.00 100.00 100.00 3,6oo.oo 4,000.00 3,300.00 150.00 150.00 2. 700.00 3,000.00 �131 . ..... }'---~~ ....,_.,.. I.•• ,,_, __ , Smith, MarJorie Steere ,. Dwight Talbert, Char.lea . $100.00 3,600.00 50.00 Walkup• John Whitt, Willia Yingling, Hal Young, M. $2,4oo.oo 2,900.00 . 3,400.00 1,800. 00 plus, room . and board 150.00 2,700.00 150.00 2,900.00 Administration Salaries Allen, Nell Houston Arni car, J'red Barnes, John 1·. Cullen, Doroth:, T. Davia, Earl c. Groves, Walter A. • Hewlett, James H. Meyer, H. A. Myera, R. L. Raine:,, Mrs. B. Rawlinson, A. Bonua $ 50.00 200.00 3,200.00 840.00 2,s50.oo 3,6oo.oo 6,875.00 200. 00 200.00 5,200.00 4,300. 00 5,000. 00 6oo.oo 625.00 - to 2,500.00 3,000.00 2,100.00 3,400.00 Rodes , Nelson Steiger, J. J. Sutton, Misa Maude Sweeney, Mias Mar:, Staff Sal ari ea Adams, Edith Aldredge, Eugene Baxter, Beulah Salary $.2,100.00 Bonus 9Jio/47 §alaa $1,800.00 2,200.00 1,123.32 Nov. 10-Jan. 31, $140.00 per mo.; Feb. 1-Ju.ne 30, $150. 00 per. mo. Crawford, Batelle Darnell, Dorothy Edward ■, Mrs. Lovi e Eslinger, Tro:, _ Hardesty, Mrs. Ida Ravena , Mra. Iris A. Hill, Doria . Hoppe, Margaret Bundler, Ruth Sears Jackaon, Mra. Sarah Ketchin, Mrs. E. Lane, Mrs. Marr Leming, Elizabeth Moore, Mrs • .Anna M. 1,200.00 1,230.00 Sep. 10-Nov. 30, 1947, $120 per mo. Dec. 1, 1947-June 30 . 1948, $130.00 :per mo. 765.00 (9 mos.) 600.00 2,400.oo plus board 1,260.00 1,800.00 990.00 (9 mos.) 1,560.00 900.00 pl~a board, roan 1,300.00 1,800.00 1,32q.oo 1,680.00 Morgan, ICathleen Notcier, lilvelyn 1,440.00 Pope, Ruth Pulliam, Mrs. Arch Shields, Mrs. Martha Smith, Mrs. Bett:, 2,040.00 1,440.00 1,260.00 2,400.00 begin. Dec. 1. 6oo.oo 1947 �132 Su.111- an, Mrs. c. s. v Tucker, Mra. Eleanor White, Ardath White, Eva M. Bonus Sal&rY $1)ioo.oo ? ' 2,4oo.oo plus board 1,920.00 The Business Manager made a report on the current operation• of iha college, showing that including payment of salary increaaea and bonuses, in accordance with the above action, and also including other unexpected expenditures, the current operations of the college, are in balance and there ia every indica,tion ot a favorable balance at the conclusion of the present year, ot approxi~ matel7 $800.00. The report was approved, ,., President Grove• reported the continued unsatisfactory condition in the cafeteria and the steps which are being taken to replace the personnel in that project. In connection with the reports of the Business Manager, .President _ Groves made the following statement; 1 The - ' real ,problem in financing the college these days is indicated .not in the current operational budget, for by careful scrutint7 and comttant .watcbtulneaa, our balanced budget is being kept in balance. Actually, it will be noted that we have an operating gain •s of December 31, 1947, -of $4,417.00, t his , in spite of the fact that bonuses and increases of sane $7,000.00 or $8,000.00 have already been paid to the faculty, tor which provision in the original budget was not made. These bonuses and increases have been possible due to the contingent :fund of $7500.00 of the original budget and also the expected balance of approximatel7 $5500.00 in operations up to Deceniber 31, 1947, ·or one-halt of $11,071.01, the excess of incane over expenaes, anticipated for the year of 1947-48 in the original budget. The picture in the balance aheet ia not nearly so good. It will be noted that on "accounts receivable" the college is due $42,021.46, almost all from the Veterans Administration, and from other funds $10,875.73. In addition to th1•• it will be noticed that the college baa paid out in cash for inveatmenta in plant - and equipnent in 1946-47, $64,935.84. A matter of simple arithmetic would indicate at once that the sum of theae i terns total $117,832.30. These represent cash spent by the• Busineas Manager fran operational income. If the college had thia cash . there would be more than enough ca1h. on hand to wipe out the $25,019.01 due on acco,mts payable, and the $73,000.00 borrowed from the endowment· fund and fran the revolving fund. Thus thie situation will not be righted until action is taken to reimburse the Business Manager with (1) sufficient caah to pay for these capital. outlay-a tor plant· and equipnent, and (2) a revolving fund large enough to cover all •accounta receivable," prl~cipally the Veteran's Administration account, and and "accounts payable." Not until this is <k>ne will the college have enough cash ~n hand to keep its bills paid, and its various caah accoJ1J1ta in proper 1hape. . ' 'Ihese fact ■ are pointed out to the Trustees in order to make clea~ wh7, even with -a balanced budget thie year, the Business Manager is forced to "borrow• cash from the endowment fund . and also to indicate that the present borrowings are not suffici,nt to pay- all bill• now due.• �President GroYea made the following report on the progress of the lorward Program: 133 56o aubacriptiona - $68,549.00 with $23,070 in cash 278 students have contributed $6922.00 (included in above) 66 manbers of lacul t1 and Staff have given $3760.00 (included in totel) 48 pledge• in Special Gifts total $44,440.00 (included in total) ••••••• Adding these three categories, students. facultr and staff and Special Gifts, 392 of the aubscriptlons total $55,122.00. 168 subscriptions came tram general solicitation in town - $13,427.00. This is an average of $81.00 a card for general solicitation in town. It mayseEm small, but that canparea favorably- with other campaigns. 235 cards remain yet to be reported. Some of these ma7 bear no result• but with even 100 reported favorably- and with even $75.00 average. it would mean another $7500.00 and over $75,000.00. A further breakdown of analysis: 48 Special Gifts average more than $925.00 a card. The student average is $21.'00 a card. laeul t7 and Staff average $57 .oo a card. General solicitation in town averages $81 .00 a card. According to recommendations $75,000 was to be expected as minimum objective and try to get $125,000 as the top. With some larger outatanding gifts the higher maximum might have been poSBible, and some mrpriaea mq still come. Some increases can be realized, and with a further follow-up of remaining cards, our minimum reali t7 should be reached• .1 further report was also made concerning plans for carrying on the canpaign in Harrodsburg, Stanford, and Louisville. Particularl7 with reference to the Louisville report, a statement was made concerning the state wide meeting of ministers and laymen, held in Louiaville, December 29, 1947 • at which eighty-eight people were present, forty- one ministers, forty laymen, -three representatives ot the college, and fnr representatives ot Marta and Lundy. At that lat.ter meetinJ the menbera present, that ia the minister ■ and laymen, voted to tr7 to raise $400,000 tor the colle~e a■ the proper share of the Presbyterian Church and the Presbyterian Alumni (ae) exclusive of Danville and Boyle Count7 in Kentucky. Preaident Groves made a report on the total cost of renovating the Blanton House, pointing out that the final bill ot Mr. A. w. Walker was $7171.22. Thia bill represents the actual cost on an initial estimate, which was stated verbally aa being between $2500 and $3000 • .In spite of this exorbitant coat, however, it was pointed out that the total investment of the college now in the Blanton Bouse, ia $20,171.20, whereas the annual rental 1a $1770.00. Thia represents an earning of better than 8 percent in the total investment ao that the money taken from the endowment fund to purchase and repair thia house ia probably just as well invested as it was in securities in that part of the endowment fund. �134 President Groves reported the recommendation of Mr. Hugh Nevin. that the old school building behind Morgan Hall and the campus of X.c.w. be renovated to house the Music Department. Professor Steere. and the other manbere of the Music Department have also looked into this posBibUi t:, and believe that this is the moat satisfactor:, arrangement that can be made for the Department of Music. The Building and Grounds Committee therefore recommended that funds be raised as soon aa possible for the repair and renovation of this building for the Music Department. Thia recommendation was approved. President Grovea made a full report concerning the fraternit:, house situation. particularl:r as it applies to the necesait:r of making some arranganent which will enable the college to meet its obligations to the Beta Theta Pi Fraternit:,, which has now had the $12,000 required by the Trustee•' action of August, 1946 in hand for some time. Letters.. were read from Dartmouth College and Lawrence College and also report was made of the. in.vestigation of the McGinnis House on Maple Avenue. Follning this report it was voted that Mr. Nevin be asked to furnish, as soon as possible, information fo~ bu.ilding fraternity housea in accordance with the plans adopted by the Executive Committee in August. 1946, this infomation to be submitted to the March meeting_ of the Executive C011111ittee. A report was made from the Buildings and Grounds Conmu tt_ e by President Grove ■ e on the status for the plans for constructing a new bathroom on the second floor of Craik House. Final estimates for this bathroom in accordance with the plan of Mr. Nevin, are to be su't:mitted to the Buildings and Grouma Conmittee. which will review them and brJ.ng them into the Executive Committee for final approval. After atudy by the Buildings and Grnunda Committee, including Mr. Nevin, it was recommended that the Evana House be used fer housing the Home Economic• Department on the first noor and housing single t'acul ty women on the second floor. This recommendation was adopted. In view of the above recommendation. it was voted that the Business Manager. in consultation with Mias Annie J. Smith and Kiss Caneron, ot' the Home Economics Department, be instructed to draw up a list of the furnishings needed for the t'ir-st floor of the Evans H011se, which is to be used as the practice hOWle ot the Home Economics Department, and that the order be placed for these furnishings aubJect to the approval of the Building and Grau.nda Comnittee of tbe Board of Trustees. It was further voted that Pres i.dent Groves get in touch with _ facul t7 members interested in the apartments in the Evans House with a view to making arrangements for the occupancy cf these apartments as soon as possible. It was also voted to approve the reconmendation of the Buildings and Ground.a Committee, that the pantry shelves in the present pantry of the Evans House, be removed to the kitchen of the Craik House. This action ia taken in view of the fact that consultation with Mia ■ Smith indicates that there is already more than enough kitchen shelving in the kitchen of the Evans Houee, to meet the requirements of the Home Econcmics Department. President .Groves reported that the application for an R. O. T. C. Unit at Centre College, in accordance with the action of the Decanber 12 meeting. has been sent, but as yet no reply has been received • .It was further reported that the present status of the proposed legislation for Universal Military Training is altered over that of .previous legislation, whereb:, students may be registered for the second half of their military service period, in institutions designated by the President, regardless of whether those institutions have military units or not. �135 It waa pointed out however. in this connection. that in all likelihood. achoola designated would be only such schools as have technical courses that would be ot special use to the military forces. Therefore .• the only poes1b111 ty ot the designation of Centre College. would sean to require that it have an R. o. T. C. Unit. . Mr. Rodes reported on the matter of the sale of the Texas Farm to the effect that ae yet the college has been unable to locate someone who could take care of the sale of this farm. Correapondance 1a now being conducted with one or two men whom it is hoped will take on thie Job tor the college. Concerning the upkeep of trees on the college campus. it was recommended that President Groves write a letter to the Head of the l'ore1try Department at 'the University of Kentucey in order to get his advice on this matter. A report was made on the previous request of the city of Danville for certain footage on College and Russell Streets. to the effect that due to the tact that the present city engineer is reaigning 9 the city is holding this matter in abeyance until a new engineer is .on the job and baa been able to make himself familiar with this project. According to Mayor Henry Nichole, this request will be renewed at a later time. Mr. McRoberta pointed out, in this connection, that the college should not accede to any request from the city for a grant of land unless the grass plot between the paved street and the curb on the east aide of College Street be removed so as to give greater width to the paved section of College Street. On the reconmendation of Mr. George F. Lee, made in a letter to Mr. Nelson Rodes, it was voted that the compensation of Mr. John Barnes, the financial counselor of the college, be increased from the present amount to $1000.00 per year. After a brief discussion of the vacancy on the Executive Committee. it was agreed to hold this matter in abeyance until a further report. Adjournment. Danville, Kentucky l'ebrt1a17 20, 1948 Meeting of the Executive Colmlittee. The meeting was called to order by the chainnan, Mr. Nelson D. Rodes. Prayer was offered by President Groves. !hose present were Messrs. Wiseman, McRoberts, Jones, Bodes. Lanier, Nevin, Sutcliffe, Dr. Cowan, and President Groves. The minutes of the meeting of January 8, 1948 were approved aa read. A report was made b7 Mr. Hugh Nevin on the plans for the new physical education building, following which it was moved and carried that Mr. Nevin ·be instructed �136 to · have the necessary construction drawings for this building made at once. A report was made by Mr. Nevin of an inspection of the Tunis House by Mr. A. w. · Walker and himself, following which it was moved and carried that Mr. Walker be asked to draw up estimates on the necessary renovations to make the •econd floor of the Tunis House a suitable apartment for a faculty family. President Groves reported correspondence with Mr. 1. M. Medaris concerning the renewal of the leaae for the house now occupied by Prof.essora Richardson, and Arnolde-Patron at 400 Maple Avenue. It was moved and carried that in reply to Mr. Medaris 1 s first proposition, for a lease for a period of two years, fran September 1, 1948 at a rental rate of $90 per month, the college obtain from him, if possible, a renewal of the lease at $90 per month for one year only. It waa further -approved that should this not prove possible, then the lease be renewed for two year,. It was moved and carried that Mr. Nevin be requested to draw plans and submit estimates at the next meeting of the Executive Committee for the completion of the third floors of Wiseman and McReynolds Halls. It was moved and carried to increase the insurance .on the Blanton House, 525 Main Street, to $16,000. w. It was moved and carried t:tat action on the fraternity houee plan be deferred until the next meeting and tba t Mr. Nevin be asked to submit detailed bids on a proposed plan for a fraternity house. Mr. Nevin reported -on hi ■ further survey of the things which would be required to make the four-room building behind Craik House usable as a faculty apartment and it was the consensus that this matter be dropped temporarily. Mr. Nevin made a brief repprt on the present situation in our campus surver. The topographical map has been completed and submitted to Mr. Marquis of Olmsted Brothers who is to make a report to the Trustees very shortly. President Groves made a brief report from Dr. Ritchie on the situation of the needed repairs on college buildings, together with hie request for an early meeting with the :8uildings and Grounds Committee of the Board of Trustees. Mr. Nevin reported that be' would be able to make a final report on the renovations of Young Science Hall at a later meeting. The Report ot the Special Cormnittee of the Trustees on College Audit and Accounting was read and approved. It was the consensus that thh committee, in accordance with its first recommendation (see recommendation which follow) designate a competent auditing firm, which would begin the work required, the :8usiness Manager's office to giv& as much help as possible in accordance with instructions from the auditors. The recommendations are the following: RepoTt of Special Committee of the Trustees on College Audit: First, that a competent auditing firm be snployed, this firm to be recommended by the Special Committee on College Audits, to audit the capital funds of the College, and that it obtain insofar as is possible, copiea ot the original document ■ involved when the funds were received. This will mean letters, trust instruments, wills, etc. �137 Second, that the auditor be requested to recamnend to the Speci~ Committee on College Audit• an accounting s7atem which will take into account all of the restrictive purpose• for which gifts were made to the College, and make whatever necessary a.e gregation is required. Third, that the auditing firm be requested to examine all known contingent receipts such as life remainders, estates in process of settlement, etc., and arrange for the setting up on the books of the College, these items, so that the Board might always have a picture of what was to be anticipated. Fourth, that the audi t ors be requested to recommend an overall accounting procedure :f'or the college business office and the treasurer's office so as to avoid duplication of records, but so aa to incorporate all infonnation, and to keep all infonnation up-to-date. Fifth, that when such audit is completed and the recommendations are made to the Board of Trustees, that such legal opinion aa may be advisable be sought as to how to clear up some of the diffiClll t situations which will undoubtedly be found. Sixth, that the present practice o:f' anploying an auditor for one year only •be continued, with the understanding that the contracts will be renewed from year to year so long as the audits are satisfactory to the administration and Trustees of the College. President Groves made a report from Dean Jamee H. Hewlett concerning the need of a practice house for the Home Economics Department. The Executive Committee reiterated its previous action requesting the people in charge of the Department of. Home Economics to submit proposals for furnishing the first floor ot the Evans house with the understanding that the expenditures involved be kept in line with the actual needs of the house. On reconnnendation of President Groves the following changes in student fees were approved: (1) Summer school tuition. $125 repr,senting an increase of $35 over the previous fee of $90 for the eight weeks instruction, totaling nine academic credits. (2) Single credits at the slJJlller school . $15 per credit. This is an increase of $5 per credit, but brings the fee in line with the fee charged during the regular academic year. (3) Room rent for the summer school, $40 for the eight weeks' period. Thia is an increase of $10, the previous fee being $30. 'l'he new tee is in .line with the fees now being charged during the academic year. (4) Board on the women's campus, $36o per year. This brings the b9ard on the women's campus in line with the board charged in the cafeteria on the men'• campus. It i a hoped that thi a increase of $1 per week wi J1 ena'!>l e the dietitian to meet the present criticism of the dining hall on the women's campus. (5) Over-all tuition, $425. This is an increase of $25 in the present fee, which will just about take care of minimum faculty salary increase■ required for 1948-49. President Groves reported on the matter of a Bequest Program for Centre College, following which it was moved and carried that all the Attorney members of the Alumni and Alumnae Associations of Centre College, as well as Attorney friends �138 of Centre, be asked to aerve aa members of a Bequest Committee for the college, with the further thought that at a later time one of these persons be asked to serve as chaiman of the group. In taking the above action it ie understood that information on the college and its needs will be sent to this group once or twice a year and also that individual prospects reported upon by an.,v members of the Bequest Committee be followed up by personal visits frcz members of the college staff, principally the president or others who have special contracts with the people concerned. It was moved and carried that the national office of the Phi Kappa Tau 7raternity send a request in writing, to the Trustees of Centre College for the reactivation of their Chapter on the Centre College Campus before final permission for the reactivation of this chapter is gi,ven. It was also moved and carried that the same information be sent to the national chapter of Kappa Alpha Fraternity. The request of Miss Estelle Crawford that her services as nurse .at Kentucky College for Women be continued for one more year was granted and it was further voted that Miss Crawford's salary be $1200 per year on an eleven month's basis, with the further provision that Miss Crawford receive her room and board. Mr. George McRoberts reported that Mr. Carl McKnight has Centre College in his will for $5000. The suggestion was -made that the .Business Manager use his "Accounts Receivable" for borrowing necessary cash from the bank to~ operating expenses. The meeting adjourned until two P .M., Mar~ 19) #~ il.(//ft ~ G. Meeting ot the heclltive Committee. Danville, Xentuck:7 March 20, 1948 The meeting was called to order by the Chairman, Mr. Nelson D. Rodes. Prayer was offered by Mr. Rodea. Members present were Messrs. Cowan, Rodes, McRoberts, Wiseman, Jones, and Logan Cal dwel 1, and President Groves. The min\1tes of the meeting of' February 2 were approved with the deletion of both the reference to the will of Mr. Carl McKnight and also the suggestion that the Business Manager use "accounts rece1vable 11 for borrowing necessary cash. Mr. H. A. Meyer made his report as Bu■ ineaa Manager, calling attention to the large amount of 11 accoo.nts receival;>le 11 due to funds owed by the Veterans Administration, and also the amount of some $10,000.00 due from other funds. The Business Manager pointed out the operating gain of $lo4,515.10, but at the same time he indicated that an additional. income this semester ot some $76,000 would be needed to pay- expenses through June 30, 1948. Indications are that this amount will be received. The Business Manager also reported 91ans for the change in personnel in the Men's Cafeteria. It was voted to accept the report of the Business Manager. �139 Preeident Grove ■ reported the proposed new scale for facult7 salaries, and on motion it was voted to approve these new salaries. President Groves reported the receipt of the resignation of Dr. Laura Robinson, to take effect at the end of the present acadanic year. Dr. Robinson is leaving to take a position at a higher salary at Southwestern, where she also anticipate ■ m~re work in her own field, the classical languages. It was voted to accept this resignation with regret. On hearing the report of the special committee on the college au. i t with regard d to the employment of ir.&kin & Sell•• and also upon hearing previoua correspondence from the committee, it was voted to employ, instead of Haskins & Sells, the firm of Yeager & Ford, for one year, providing a satisfactory contract can be made. After hearing a full report on the request for :f'urnisnings for the Home Economics Practice Apartment in the l!lvans HQuse, it was voted to authorize an expenditure not exceeding $4,000.00 for furnishing this Home Economics Apartment. It was further voted to spend a sum not to exceed $1400 for furnishing the faculty apartments in the second floor of the Evans House. It was voted that Mr. Rodes be authorized to sell the Texas Farm at the most advantageous price, with the college retaining the mineral rights. It waa voted that the request of Phi Kappa Tau for permission to reactivate the Delta Chapter be granted. President Groves reported on the e~ti~at~ required for replacing the fence on the west side of the land around the President •s Home, and this matter was laid on the table, pending further decision for the construction of fraternity housea on that plot. President Groves reported that Charles P. Taft had accepted the invitation to make the principal address at the Commencement on June 13. President Grovea reported on the initiai steps which have been taken to organize the Bequests Program of the college. To date 203 Attorney-Alumni have been invited to participate. Of this number 61 have replied; 47 in the affirmative and 14 in the negatire. le are now in the proceae of sending further invitations to aome 61 Bani:era and Trust Officers among Centre College Alumni. President Groves reported the arrangement with the u. s. Navy whereby they have established an Electronics Warfare Unit at the college, the equipnent to continue as the property of the Navy, the Navy paying a rental of· $50 per month fpr storage, while, at the same time, the college will have the use ot the equipment for its science classes. This arranganent can be terminated by either party on thirty days notice. A report was read fr.om Mr. Judd of Nevin & Morgan, to the effect that Mr. Walker's estimates on the cost of ranodeling of the Tunis Bouse, the completion . of the -third floors of Wiseman and McReynolds, and the erection of fraternity houaea, would not be ready for two more weeks. It was unanimously voted to accept the generous ·invitation of Messrs. Wachs, Miles, and Herrmann for the lxecutive Committee to be their g1.1ests for luncheon 1n Lexington, April 16, at 12:15 P.M. for the next Executive Committee Meeting. Adjournnent. l ~~ (Signedl:9 J~ iY.'Cow~ �c.o ...... ........ 140 ~ Danville, Kentucky April 16, 1948 Meeting of the Executive Committee of the Board of Trustees. Preceding the meeting the entire committee was delightfully entertained at luncheon at the Idle Hour Country Club in Lexington, Kentucky by Mesara. iacha, Miles, and Herrmann. 1ollowing the luncheon the mElllbera of the committee adjourned to the Second Presbyterian Church for their business meeting. I The meeting was called to order by Mr. Nelson Rodes. Prayer was offered by Dr. Miles. Members present were Messrs. Wachs, Rodes. McRoberts, Logan Caldwell, Lanier, Wia~an. Jones, Miles, Herrmann and Dr. Cowan, and President Grove•• The members of the Executive Committee from Lexington: Messrs. i~cha, Miles, and Herrmann, were given a rising vote of thanks for their kind hospitality. It was voted to dispense with the reading of the minutes, in view of the fact that they had already been circulated and read by all of the members present. President Groves reported that an additional eight thousand dollars of insurance had been taken out on the Blanton House, five thousand of it by a policy written by Mrs. Louis Garner and three, thousand by Mr. E. G Gnttery. Theae . amounts are in addition to the renewal of the old policy of eight thousand dollars which was issued by Mr. R. P. Guerrant. President Groves reported on the reactivation ceremonies of the Delta Chapter of Phi Kappa Tau. The reports of those present at the cer~on1ea indicate that a very fine celebration was held and a very auspicious beginning made for this new chapter of the Phi Kappa Tan Fraternity on the Centre Campua. It was taken by consent that Dr. Cowan and President Groves make the necessary addition to the minutes of the :Board of November, 1947, with regard to the election of Walter A. Groves as President of Centre College. President Groves made a report from Mr. Liale Baker, Chairman of the Special Committee on the College Andit, with regard to the engagElllent o! the firm of Teager and lord to audit the college book:B. In view of the fact . that Mr. Yeager was not sure that h1s firm could take on this new business at this time, note was made that· there would be a further report on this matter from Mr. Baker. President GroYes presented the reports of the Business MallEl&er on the operational budget, the operation of the dining hall on the women's campus, and the operation of the cafeteria on the men's canpus. Note was made of the fact that all income and expenditures are within the projected budget of the college and that at the present time there is an operating gain of $78,383.28 in the operating budget nf the college. If expenditures and incme continue as at present for the remaining three months of the budget year, the accounts should break even. In connection with the report concerning the men's cafeteria, it was noted th~t though there 1~ a deficit of $1,421. 25 indicated up to March 31, the fact that there ia a reee"e being held of $1500.00 means that the cafeteria operation is holding its own. President Groves alao reported a change in personnel in the men's cafeteria with some indication of ·improvement in the food preparation. President �14-1 Prealdent Groves also reported that due to the few students who take their breakfast in the men's cafeteria, it has been decided to atop serving breakfast in the cafeteria, which will enable the elimination of several extra people on the payroll with considerable saving to the operation. Complete breakfasts are served in the recreation hall, so that it simply means that an unnecessary duplication of this service on the men's campua will be eliminated. The reports .of the Bnsiness Manager were received. President Groves presented the plans for the .develoµnent of the Centre College campus, reconmended by Olmsted Brothers. The letter of February 25, 1948, explaining the plan in full frcm Olmsted Brothers was read and discussed in some detail. Following this discussion, it was voted to adopt as the location of the fraternity houses, the recommendation of Olmsted Brothers, ~hich places all six of the fraternity houses in prospect directly behind and to the north of the president's home on the plot of ground lying at the northeasi corner Main Street and Maple Avenue. This is the plan designated by _ the Olmsted !rothers as Plan No. 33 (Sh. 2 of 2) of It was further voted to request Olmsted Brothers to remove the buildings designated as Faculty Apartments, Bu.ilding No. 32, _ from the final drawing of the developnent plan of the college campus. It was voted to reouest Mr. Nevin, in consultation with Mr. Marquis of Olmsted Brothers, to make additional study of the plot of ground behind the present Blanton house and Sigma Chi House, with the view to locating home for prof essora on thie plot. e Subject to the previous recommendations, the plan presented by Olmsted Brothers for the developnent of the Centre College campus, was approved. It was voted that the allocation of the sites of the different fraternit7 houses be made by the hecutive Committee by drawing lots, this drawing to be made at a meeting composed of the member■ of the Truatees' C011111ittee on Fraternity Houses and a ccamittee CCllllposed of one alumnus and one undergraduate from each of the fraternities involved. President Grovea next presented the reaul ts of the estimates mad.e by Mr. A. W. Walker, under the direction of Mr. Hugh Nevin, on the coata for new fraterni ty houses. These estimates, on the basts of the pre.sent plans and atudy, total approximately fifty-three thousand dollars. In view of this very large cos·t, it was voted that Mr. Nevin be added to .the preaent Special Committee of the Trustees on Fraternity Houses composed of Mr. Logan Caldwell, Chairman, and Messrs. Rodea and Sutcliffe, and that this committee meet with a committee co.nsisting of one alumnus and one undergraduate f~om each fraternity concerned to discuss the problems involved in the building of fraternity houses in the face of the greatly -increased building coats. President Groves also made a report on the studies made by Mr. A. W. Walker under the direction of Mr. Nevin of what would be required to complete the third noors of McReynolds and Wi1anan Halls. Following this discussion, it was voted to request Mr. Nevin to made a further study in .li~e with several suggestions for economizing in the work involved. In brief it was felt that additional toilet•, bathrooms, closets, tile floors and such items might be eliminated from the propoaeci work. Pre ■ ident Groves also reported on the results of the study made by Mr. A. w. Walker, under Mr. Nevin's direction, of the coats for the renovation of the Tunis house. It was the consensus that unless these coats can be greatly reduced, it �142 (0 ....~ . >ff.i!'l9 ~ would be advi sable for the college to defer this renovation and rent a suitable apartment in Danville with the college paying the necessary differential in rents for the next several years, as long as the present hi gh rentals prevail. A full report of the recommendations for honorary degrees at the commencement of June 13, 1948 was made. President Groves reported that to date seventeen of the twenty-four rustees have reported their votes. Sixteen registered full approval of all candidates nominated. One turatee registered disapproval of t w o of the candidates nominated. In the light of this voting and also following further discussion of the entire matter, each of the candidates was given final full approval by the Executive Committee. The degrees voted are as follows: Dr. Mr. Mr. Mr. Mr. The Robert P. Be.11, New York City, Degree of Doctor of Science Jesse K. Jones, Houston, Texas, Degree of Doctor of Lawe Charles P. Tatt, Cincinnati, Ohio, Degree of Doctor of Laws Frederick A. Wallis, Paris, Kentucky, Degree .of Doctor of Laws A. A. Page, Pikeville, Kentucky, Degree of Doctor .of Lett~r• Rev. John K. Johnson, Lexington, Kentucky, Degree of Doctor of Divinity The meeting adjourned. Danville, Kentµcky Mq 14, 1948 Meeting of the lxecu.tive Coaini ttee of the :Board of Trustees. Meeting was called to order by the Cbainnan, Mr. Nelson Rodes. '!he following manbera were present: Messrs. Wieeman, McRoberts, Jones, Caldwell, Sutcliffe, Dr. Cowan, and Mr. Rodea, and President Groves. The minutes of the meet ing of April 16, 1948 were approved as read. Mr. H. A. Meyer presented the BusineSB Manager's reports for the curr e.n t year up to April 30, 1948. It was pointed out that the operating g~in of $61,126.61 represents an improvement of about $64,000 over the same date last year, inasmuch as at this date last year, there was an operating loss of some $3000. Mr. Meyer reported that all accounts were in line with the proJected budget, so that there is every likelihood that the operational budget of the college w~ll come within the limits of the budget. These reports were approved. President Groves made a report of the conference with Mr. Yeager of the Firm of Yeager and Ford, Accountants, with regard to the procedures to be followed to carey out -the recommendations of the Special Ocmnittee on the College Audit. As a reeult of that report the following recommendations were approved: 1. That Professor E.W. Cook be requested to make a studY. of all available college record• in order to ascertain as accurately as possible the sour ces and purposes of all gifts to the college, these results to be sul:mitted when ready to the Firm of Yeager and Ford for their further recomm,endations to the college. 2. That President Groves be authorized to reimburse P~ofessor Cook for thi a work, the amount to be determined in consultation with Professor qook. �143 3• That the Trustees anploy tJ:1e lirm of Yeager and lord at the standard rate, later to be determined, to audit the college books for the year 1947-48 at which time t his firm would be requested to make further recOt!IIlendationa for setting up the system of bookkeeping for the college endowment fund. President Groves submitted a list of administrative salaries for the year .1948-49, including increases over 1947-48. The list was approved as follows: Salaey 1947-48 Allen, Nell H. _ Arni car, J'red Barnes, John K. Cullen, Dorotey T. Davia, Earl C. Groves, Walter A. Hewlett, James A. Meyer, .H. A. Myers, R. L. Rodes, Nelson D• . Steiger, J. J. Assistant Registrar , Sweeney, Mar, Increase Salary 1948-49 $2100 $100 $2200 3200. 100 3300 1000 840 2850 16o 3600 150 200 5200 4300 100 6ooo 3000 3800 •6000 5200 4400 5000 5000 2500 2500 3000 3000 2100 2100 2266.67 200 2466.67 Bonuses Paid - 1947-48 700 . •Note - - President's salary increase being used to furnish Craik House for the time being. President Groves presented the proposed salaries for secretarial staff indicating salari es for 1947- 48 with salaries proposed for 1948-49. These were approved u follows : Adams, Edi th Aldridge, Eugene Baxter, Beulah Darnell, Dorothy Edwards, Mrs. L. Hardesty, Mrs. Ida Havens , Mrs. Iris Hill, Doris Hundley, Ruth s. _ · Jackson, Mrs. s. Ketchin, Mrs. E. Lane, Mrs. Mary Laning, Elizabeth Moore, Mrs. Anna M. Morgan, Kathleen Nofcier, Evelyn Pope, R. Pulliam, Mrs. A. Shields, Martha Smith, Mrs. ~ett7 Sullivan, Mrs. c. s. Tucker , Mrs. E. MacCaddam, Clara L. . Montgomery, Ann Eslinger, Troy Crawford, Ratelle $1800 2200 1123. 32 1230 765 $120 100 676. (>8 570 $1920 2300 1 800 1800 ,765 2400 2400 1260 6o 1320 1920 1800 1 20 1560 6o 900 1300 6o 136o 60 13so 120 1800 1920 1800 18()() 1320 1680 1440 2400 480 2400 2040 2040 1440 126o 1620 900 60 6o 1440 1320 600 1400 100 6oo 1680 66o 1500 6oo 120 1800 60 1500 1440 Goo 1200 6oo 1200 �144 Increase Salary !947-48 Coleman, Virginia Hoppe, M. Wbite, Mary White. Miss Ardath Gentry, Mrs. Davi•• Mrs. $ $ 722.25 (resigned) (resigned) 440 (resigned) 96o 2530 52' 2100 1800 450 The engagement of Dr. Frank Hopldna Heck as Professor of History and Head of the Department replacing Dr. Will D. Gilliam, who resigned December 31., 1947 was recommended by Presi dent Groves and was approved. Dr. Frank Hopkins Heck - :Born at Racine, Wisconsin, October .18, 1904, Lawrence College, Appleton, Wisconsin, :a. A. Degree magna cum laude, 1925. Master of Arts degree 1929 and Doctor of Philosophy' degree in 1938.from the University of Minnesota with a major in History and a minor in Political Science. . . High School teacher in Wisco11sin and Minnesota, 1926-27. . Teaching assistant at the University of Minnesota in Histor.,, 1927-28 and 1932-33. Assistant professor of History at Peru (Nebraska) State Teachers College, 1929-33 (with leave of absence for study at the University . of Minnesota) and associate professor, 1933-38. Assistant professor of History at Miami University, 1938-46 and associate professor and chairman, Department of Intergrated Studies. 1946-48. During the war Dr. Heck was on leave from 1942 through 1946 for services in the United States Army. Inducted as a private he was . discharg63. four years later as a captain in the United States Air Corps. Dr. Heck is an Episcopalian; member of Beta Theta Pi, Phi Beta Kappa, and other learned socities. Author of "The Civil War Veteran in Minnesota Life and Politics: published in 1941. The engagement of Mr. Walter Robert Gattis as Instructor in Political Science in the Department of History and Political Science was recommended by President Groves and was approved. Mr. Walter Robert Gattis - born Dnrham, North Carolina, 1918. Graduate Duke Univerait7, A. :a. degree, 1946. At present is student at the University of Kentucky where he expects to receive the Master of Arts degree in Political Science in August, 1948. Entered the United States Army as an Infantryman in 1940• . Saw service in Hawii 1940-42 and European Theater 1944-45. Released from active duty 1945 as a first lieutenant. Mr. Gattis is a member of the Methodist Church, .American Political Science Association, Reserve Officers• Association and Sixth Armored Division .A.asociation. . . . Mr. Gattis is married to Elizabeth Sandifer, Centre College, (1941) the daughter ot Mr. and Mrs. Henry G. Sandifer of' Danville. President Groves reported arrangements with Mr. Elliott Iglebeart . to be Instructor in the Department of English at a salary of $2600 per year and to. assist in football coaching at a salary of $400, making a total salary of $3000 • . These arrangements were approved. President Groves presented the request of Dean Mary Sweeney for a leave of absence for the year 1948-49 to complete her work for her doctor's degree. Thia request was granted and it was further voted that the college pay the full premium �of Mias Sweeney's Teachers Insurance and Annuity Policy of $370 and allow her an additional $6oo study allowance for the year 1948-49. Both of these allowances, totaling $970. are conditional upon the return of Dean Sweeney to the college. In the event that she should not return, it is understood that she will repay these amounts. President Groves reported the resignatio~ of Miss Martha O'Nan, from the Department of Modern Languages, in order that she might complete work on her doctor's degree. President Groves .made a report on the progress of the h'ORWARD PROGRAM showing that to date in pledges and cash $116,266 has been raised. It was further reported as !ran the Trustees• Finance Cmnpaign Committee, that in view of the slowing down of the campaign, the contract with Marts and Lundy was terminated as of May 1, 1948. However, it was made quite definite from the committee that this does not mean that the campaign is being terminated. On the contraey it is to be continued and will be renewed with increased activity again in September. A letter was read from the president of Kentucky Kappa of Si(!pla Alpha Epsilon, requesting permission .to buy a fraternity house off the canpua. In response to this request, the Executive Cormnittee took action stating that. as of the present date and in the future, the Trustees will not permit fraternity chapters at Centre College to acquire and own property off the Centre College Campus. l'pwever, action was taken to the effect that the Trustees would consider, as a tsnporary measure only, the . rental of approved propert,- by a fraternity chapter. < President Groves presented a full report concerning the Tra.atees 1 Fraternity House Plan, which was discussed at length, but other than the above response to the request fran the s. A. E. Fraternity, no action was taken. President Groves reported that all nominees for honorary degrees had indicated their acceptance and their intention to be present at the time of tbe commencement. A report was made of the generosity ot Mr. an~ Mrs. Price Sutton, parents ot Miss Maude Sutton Memorial Scholarship. The terms of this scholarship are as follows: The Maude Sutton Memorial Scholarship was established by Mr. and Mrs. Price St1tton, by a gift of two thousand dollars to Kentucky College for Women. in memory of their daughter, Misa Maude Sutton •. Mias Sutton was for many years secretary to the dean of the college and later assi1tant-registrar, and was always a real friend of the 1tudents of Centre and mver failed to help than in every way she could when they came to that office for information and councel. Since Miss Sutton, during moat of her four years aa a student here, worked in the dean-registrar's office, this scholarship, the income on two thousand dollars, her own savings in govermient bonds, 1s awarded annually to ass 1st a worthy young woman who also works in the dean-registrar's office and who exemplifies in her life those qualities of faithfulness, loyalty, kindlineaa, and helpfulneas that marked the life of Miss Maude Sutton, herself. It was decided that 8: 30 A.M., Saturday Full meeting of the day and at the same the next meeting ot the Executive Committee should be at morning, June 12,. in the President 1 s Office, and that the Board of Trustees should be at 9:30 in the morning on the same place. The meeting adJourned. �14ti Danville, Kentucky June 12, 1948 Meeting of the lxecutive Coumittee. The meeting was called to order by- the cbai:nnan, Mr. Nelson Rodes. was offered by- Mr. Nelson Rodes. Prayer The following members were present: Messrs. Logan Caldwell, Sutcliffe, Lanier, Jones, Rodes, McRoberts, Wiaeman, and Cowan, and ·President Groves. Mr. Lawrence Hager of the Board was also present. The of the previous meeting were approved with .the note that adshould be made with regard to the condition of employment of Professor Frank Heck, noting that his salary- for the academic year is to be $36oo and the sane addition to the employment of Mr. Walter Gattis to the effect that his salary- for the academic year is to be $2700. With these additions the minutes of the meeting of Ma;v 14 were approved. minute■ dition ■ It was voted to change the previous action of the Board of Trustees with regard · to the renting of the Madaris House in order to take advantage of the offer of Mr. Medaris to rent the house for two years, at a rental of $85 per month instead of for one year at a rental of $90 per month. Therefore it was voted to rent the house for two years at a rental of $85 per month. After some discussion with regard to the necessary repairs on. the Tunis House, in accordance with the bids submitted by.Mr. A. w. Walker,. it was voted to refer this matter to the :Buildings and Grounds Committee for consultation with Mr. Hugh Nevin, before :further action is taken in this matt er. The bid of Mr. Walker for the repairs on the Sigma Chi House were approved and it was voted that in view of the entire situation that no fundamental repairs be made in. the Si~ Chi House this year any more than enough to keep it in use as it has been in use for the last several years. In view of the historic relationship between Lees College at Jackson, Kentucky and Centre College of Danville, it was voted to offer an honor scholarship to the honor graduate each year of Lees College. For the same reason it was also voted to offer a scholarship to the honor graduate of Pikeville College, of Pikeville,- Xentucley • .A.fter some discussion the Executive Committee voted to reaffi:nn its action of August 17, 1946, in which the lxecutive Committee approved in principle havi ng a housanother to live in each fraternity house, and that because of present conditions that apply to two fraternity ·houses, the Delta Kappa Epsilon and the Phi Del ta Theta, and that each have housanothers beginning in September and that the college and fraternity share equally in the expense. In line with the above action the president was instruct.ad to ~ the necessaey arranganents for a housemother, not only in the Phi Delta Theta fraternity house, which has had a housemother for the past several years, but also in the house of the Delta Kappa Epsilon Fraternity. The application of the telephone company to install a 60 tt. pole wires on the campus in front of Breckinridge Hall was refused. w1 th guide It was voted to accept with regret the resignation of M . Paul Arnold-Patron, r associate professor in the Department of Economics. �147 It was voted to accept with regret the resignation of Dr. Jameson Jones, the head of the Department of Philosophy and Religion. The meeting adjourned. (Signed) Meeting of t he Boar d of Trustees of Centre College. The mee t ing was called to order by the president, Dr. John Rice Cowan. The meeting was opened with prayer by President Groves. The following manber ■ were present: President John Rice Cowan, Logan Caldwell, Hugh levin, Elbert Sutcliffe, Lawrence Hager, John Van Winkle, Sam Jone ■ , Lisle Beker, Ike Lanier, Nelson Rodes, George McRoberts, Howard VanAntwerp, J. E. Wiseman, and Dr. Robert Miles and President Groves. At the opening ot the meeting a long-distance telephone call was recei'Yed from Washington, D.C~from Chief Justice Fred M. Vinson, expressing his regret at hia inability to be present at the meeting and conveying his good wishes to all of the manbers of t he Board. It was voted to note this message from the Chief Justice in the minutes and also to send word to him expressing appreciation of his deep interest. The minutes of the meeting of November 13, 1947, were read and approved. The following reports were reviewed by various members of the Board of Trustees as follows: • Dean and Registrar's Report by Dr. Miles · Dean of Men's Report by Mr. Joplin . Dean of Women's Report by Mr. Jones ·. The Executive Secretary 1 s Report by Mr. Van Winkle • The Almnae Secretary's Report by Mr. n.ger ~ The Librarian's Report by Mr. Van Antwerp · The Report on Physical Education for Men and Women by Mr. Logan Caldwell The Report of the Religious Activities Committee by Mr. Baker The Report on Publications, Art, Debate, and Dramatics by Mr. Su.tcli:t'fe The Report on Activities of the Music Department by President Grove ■ Reports of the Business Manager, Treasurer, and the Bu.dget Committee by Mr. Ike Lanier The Report of the President by President Groves Mr. Elbert Sutcliffe made a report from the Committee on Buildings and Grounds. Following the resune of the above reports, it was voted to accept and file all of these reports (see file for copies). �co 148 •::;,.id ~:•~- ~ In line with rec011111endations for improving the enrollment on the women's cempua, it was voted to request President Cowan to appoint a committee of three fr001 the Trustees to meet with a representative committee frcm the college to discuss ways and means of improving the enrollment situation in the women's dividon. President Cowan appointed on this committee Messrs. Rodes, Sutcliffe, and. Lanier with instructiona for them to meet at two o'clock, Friday afternoon, June 18, in the President's office to discuss matters pertaining to this problan. Miss Ruth Pope, as notary public, was called in. and in her presence Mr. John Van Winkle and Mr. Lawrence Hager were dllly- sworn in as members of the Board of Trustees. · Miss Macy Cromwell Rodes, retiring president of the Alumnae Asso ciation, appeared before the Board and presented the following petition from the Alumnae Association at Centre College: June 11, 1948 The Alumnae Association of Centre College recommends to the Board of Trustees of Centre College that the . name "Kentucky' College for Women" be dropped. . . Whereas, it has been reconmended that the number of women in the student body be vastly- increased, the Alumnae Association feels that it would be to the economic advantage of the school that it carry the name "Centre College." The name "Kentuclcy College for Women• implies a junior college· aa· it · was a junior college during the greater part of its existence, and it carried that name at the time the school failed. The Association feels that the nane "Centre College" carries more prestige and in order to build up the number of women students, it is very important that the name "Kentucky College for Women 11 be dropped. Alumnae Association of Centre College In response to this petition it was moved by Mr. Ike Lanier and seconded by Mr. Van Antwerp that in tbe future the words "Kentucky College for Women 11 be deleted · from all ref' erences to the women I s department of the college and that the Alumnae Association be notified that · the institution hitherto designated as Kentuck7 College for Women shall be known as· Centre College - Women's Division, aacl tae ......... ~be:::dmown aa-Cen,t •e,.Golregr--,-Men •-.•.,1)tv48'l'im. Thi a motion . was passed unanimously. · Mr. VanAntwerp reviewed the charter of 1931, drawn up at the time of the merger of Centre College of Kentuclty and Kentucq College for Women, and gave as hia view that the name 11 Kentucky College for Women11 has no legal status . according to the terms of this merger, so that the Board is free to adopt any designation for the Women's department that it sees fit. · On recommendation from the faculty to the Board of Trustees·, it was voted to grant the approprtate degrees to the following students who ha,e completed the requirements for graduation in the year 1948. . , t::.? C"l �For the degree of Bachelor of Arts of Centre College - Men's Division: Paul Alber t, Jr. Clarence Victor Bloomfield Arthur Richard Colyer James Carlyle Oandiff 'Ii 11 iam Land Duncan John Buchanan Gay, Jr. John Ridley Gherman Samuel Housan Gray · Charles B. Havens Bill Herbert Hogg Clyde Everette Holtzclaw, Jr. ldgar Erskine Hume, Jr. John Davies Jackson For the degree of Badlelor Mary Anne Alcorn Helen Jean Cuabnan Dorothy Christine Dohoney Geraline Burgess Geiger Lealie Hale Ann Woolfolk Johnson Lava Alice McGuire Carolyn McLean Margarita Faulconer Minich Jayne Erskine Nichols of Arts 149 Frederick .Charles Ieiser Ira Wendell Mummert Carl Sheats Napps Thomas Ball Nichols, Jr. Thomas M. Oelricb David Alexander Sacha, III Ernest Balaam Smith JM..oyd Ayers Thomasson, Jr. Wil~~am Granville Tinsley Don M. Tuclcer Ottis P. Tuclce_ , !r•. r Howard Van Antwerp. III HarX7 Bond Yo'llllg of Centre College - Women'• Division: Martha Young Pilkington Dorothy Jean Robinson Lucy Rogers Nancy Rae Russell Bettie Fmna Sanpson Mary Cooksey Swan Dolly Sanders Thompson Angie Eloise Welch Betty Jean Wells For the degree of Bachelor of Science in Home Economics of Centre College Wanen•a nivision: · Margaret Trent Chatham Margaret Dawson Mary Jo Kitchen On the. motion of Mr. Van Antwerp it was voted that the administration of the college and the Executive Committee of the Trustees explore, consider, and deviae aome type of organization, outaide the Trustees and the Di rectors of the Alumni Association or the Directors of the Alumnae Association, auch as an advisory committee, Board of Overseers. or something similar, outlining the duties, responsibilities. and functions of auch' an organization, and present their proposal for discussion at the next full meeting of the Board of Trustees in the fall of 1948. In, accordance with the recOl'.llllendation of Mr. Rodes in his report as treasurer, it was voted that the stock of the National Fuel and Gas Compan1, carried on the booke at a valuation of $154.oGo.oo, be reduced by $4o,ooo.oo in order to bring the valuation of this stock more in conformity to i ta actual market value,. It was further recommended and approved that the auditors be adviaed of this action by the Board of Trustees. On motion of Committee No. 1, namely the committee of Trustees representing the Presbyterian Church in the U.S.A., the following Trustees were elected as of the Class of 1952: Mr. Ike Lanier, Mr. George F. Lee, and Mr. Robert Von Thurn. From Committee No. 2 of the Board of Trustees, that ia, the committee representing the Presbyt erian Church in the u.s., the follwing Trustee waa elected aa ot the Class of 1952: �150 Dr. frank H. Caldwell. same The Committee No 2 presented the resignation of Dr. Peter Pleune, which was accepted with regret, and it was voted not to fill this vacancy before the - fall meeting of the Board in November, 1948. Committee No. 3 representing the Alumni Association recommended and the Trustees elected the following Trustee as of the Class of 1952; Mr. John Van Winkle. Mr.· J. E. Wiseman asked to be removed tram membership on the Executive Committee of the Board of Trustees. Mr. Wiaeman•s request was granted with an expression of appreciation for the many years of fine and faithful service which he haa r endered as a member of this committee. On motion the full Board named Mr. John Van Winkle end Mr. Lisle Baker to manbership on the Executive Committee to fill the vacancies caused by the resignations from this committee of Mr. Frederick Wallis and Mr. J.E. Wisanan. Following full discussion President Cowan appointed the following committees of the Board of Trustees for the ensuing year: linance Committee - Mr. Rodes, Chairman, Mr. Baker, and Mr. George F. Lee. Bun dings and Grounds Connni ttee - Mr. Sutcliffe• Chairman, Mr. McRo berts, and Mr. Jones. Honorary Degrees - Mr. Van Antwerp, Chairman, Mr. Joplin, and Dr. Frank Caldwell. Budget - Mr. Lanier, Chainnan, and Mr. Wachs. Financial Promotion - Mr. Logan Caldwell, Chairman, Mr. l3alcer, and Mr. Lanier Fraternities - Mr. Logan Caldwell, Chairman, Mr. Sutcliffe, and Mr. Van Winkle. There was sane discussion of changing the present facal ty retiranent age from sixty-five to either sixty-eight or seventy years. It was voted, however, to lay this matter on the table for further discussion at the fall meeting of the Board of Trustees in Novanber, 1948. Following considerable discussion the following resolution as presented by Mr. Lisle Baker was moved and carried: Resolved that there· be created a new permanent office or position in Centre College, the duties of the incumbent of which shall be primarily the furtherance and promotion of additions to the endowment and capital funds of the college, and the devising and execution of a long-range public relations program, designed to aid in such a progran, plus such additional duties as the Board of Trustees of the Executive Committee shall assign to such office; and be it further resolved that such position be assigned a title _ which will carry with it the prestige of a high-ranking official of the college; and be it further. resolved that the President and Executive Committee be authorized to seek and anploy a person having the proper qualifications for this position and to pay him not · exceeding _ _ _ __ dollars per 7ear: and be it further resolved that the President and hecutive Committee be authorized in their Judgnent and discretion �to obtain such further professional assistance in furthering the over- all program as may be advisable or necessary. 151 Resolved that the capital funds campaign inaugurated in the auti.mm of 1947 be continued upon a long-term basis with the objective of $3,000,000.00 additional to the capital and endowment funds of the college, but with immediate anphasia upon the completion of the shorttenn objective of $300,000.00. After some disc:ussion of the fraternity house situation, the following paragraphs from the action of the meeting of the Trustees' Committee on frater ni ty houses of April 28, 1948, were approved by the Board of Trustees: On the basis· of the fact that it appears evident that the construction of one of the fraternity houses, according to the plan . subnitted by Mr. Nevin and Mr. Walker, including architect's fees, grading, walks, and furnishing to be supplied by the college and excluding furnishings for the frater nity, will make the total cost approximately $45,000.00 which 1s about $15,000.00 more than the original tentative estimates of $30,000.00, which were in mind at the time that t he fraternity house plan was approved by the Trustees of the college in August, 1946, it was agreed that the fraternities be notified that the college ' ' will be prepared to pay two dollars of each additional three dollars required over and above the estimated $30,000.00 on the further provision that the outs ide limi t of expendi tures for each fraternity building be no more than $45,000. and on the further condition that thi s offer prevail for two years only from June, 1948. The force of this recanmendation is that in the event that the house costs a total of $45,000.00 including furnishings to be purchased by the college, as well as grading, walks, and architect's fees, etc •• that of the $15,000 over and above the ori ginal $30,000 foreseen, the college is prepared to add $10,000.00 if the fraterniti es will add $5,000.00. making a total contribution of $17,000.00 from each fraternity for house construction. Of course it ia understood that the fraternities will still be responsible for furnishing the lower floors and basanent of the house, in accordance with the original arrangement. A second recommendation approved by the group was that the third floors be left unfinished with the further condition that the college authorities make it clear that they will not make any plans or assume any responsibility for the completion of the third floor of the fraternity houses. A third recommendation is to revise the sentence of Paragraph three, of the original reconmendation, which reads, "Centre to supplenent the contribution by the fraternity by the amount, not less than $18,000.00, necessary to construct a house Sllfficient to house not more than eighteen students." The phrase, "not more than eighteen students, 11 of this s entence is to be revi aed to read, "not more than fifteen students on the second floor.• The force of this arrangenent is to limit the number of students residing on the second floor of the house in accordance with the size and numbers of rooms planned. This recommendation still makes it possible for eighteen to live in a house, should a fraternity decide to use the extra downstairs living r oorm for study and sleeping quarters for three students instead of for a second living room. A further reccmnendation was made in connection with the sentence in Paragrap~ three, of th original report, which reads, "If, during any year while college is in session the number of students resident in any fraternity house is lesa than twelve, then the fraternity in question shall pay to Centre room rent for that number of students by which the students in residence in 111ch fraternity �152 house is less than twelve students." The following sentence is to be added at the conclusion of Paragraph three, "Should this situation prevail for more than one year, that 1a should less than twelve students or only twelve students, occupy the house for more than one year, then the college shall reserve the ,right to collect rental frc:111 the fraternity, equal to t)le r,ntal for fifteen students.• Again the force ot this recommendation is that in view of the total investment of the college in thia fraternity house, an investment in which incc:111e earning funds will be used, the college must protect itself as best it can to see that these funds . shall continue to be income-producing. Any other use of these funds would lend the college to severe criticism. . . ' After due consideration of the present status of the financial campaign, it was voted to begin construction. not later than September, 1948, on the new physical education building, with the idea that the fundt required would either be raised in the interim or borrowed. the inter. st on any funds borrowed to_be charged e against the financial campaign. The force of this action is to enable a beginning to be made with the building withoo.t charging 8JlY of the costs against any of the permanent endol'l!Ilent funds or. against the operational budget of the college. The recommendations in the Report of the Director of PbTsical Education concerning the renovation of the running track were referred to the Buildings and Ground• Committee. The recommendations of the Physical Director concerning the need of new tennis courts were also referred to the Buildings and Grounds Committee. , There was some discussion of the need for new stacks in the librar7, but no action was taken on this recommendation. Adjourmnent. �153 STATEMENT CEHTRE COLLEGE - YOUNG HALL General Contract .A.. w. Walker Total Coat ha 2l&a 33,570.46 18,652.74 14,917.72 10,217 .oo 207.75 s,339.so 2,084!95 14,000.00 3,128~92 Q1ctrica1 Contract Cutter Elec. Co. Extra #499 Plumbing Contract Extras to 11/1/47 12,123.50 6,463.42 Credit !or :Lead 18,586.92 . 1,458.00 Durham & Greer 17,12s.92 TOTALS WOT:&: 61,124.13 20,131.59 (Including items not yet· completed) Mr. Nevin stated that there may be other unforeseen items, l:ut the above total represents what the Job now in the process of compietion is going to cost., �154 RECOMMENDATION CONCERNING ALUMNI AND ALUMNifSCHOLARSHIPS In order to encourage the Alumni and Alumnae to become actively interested in securing good students for Centre College and also to encourage t he various Alumni and Alumnae Chapters to meet more regularl1, it is recommended that several Alumni and Alumnae Scholarships be aw~rded experimently fo r the next four years on the -following basis: 1. The Louisville Alumni Chapter should be granted two full scholarships of $400.oo per year, to be awarded on the recommendation of the Chapter. 2. The Louisville ·Alumnae Chapter should be granted one full scholarship for $400.00 per year, to be awarded on the recommendation of the Chapter. 3. The Covington-Cincinnati Alumni and Alumnae Association should be allowed one full scholarship every second year to be awarded on the recommendation of the Chapter, and the Ashland-Huntington Chapter should be allowed one full scholarship of $400.00 per year in alternate years, which means that either Covington- Cincinnati or Ashland-Huntington would have the privilege of recommending one student for a scholarship each year. One year the recommendation would come from the. Covington-Cincinnati and the following year from the Ashland-Huntington Chapter. 4. The Danville Alumnae and Alumni Chapters should be allowed two half scholarships of $200.00 each every year • . The reason for r ecommending that only a halt scholarship be allowed the Danville Chapters is due to the fact that the expenses for a student from Danville are obviously consider ably less than the7 are for one coming from t owns outside of Danville. 5. The Alumni and Alumnae Chapters of Owensboro, Hender son, Paducah, and Hopkinsville should be allowed one full scholarship of $qQQ.OO f!l'fer7 fourth year, in rotation in the order mentioned. 6. Glasgow, Somerset, Harlan, and Hazard Chapters of the AlUD\ni and Alumnae Association should each be allowed one full scholarship of $400.00 every fourth year in rotation in the order mentioned. The following conditions should govern the awarding of these scholarships by each Alumni and Al'OlDnae Chapter: 1. Students recommended by any Chapter should meet all of the entran ce requirements of Centre College, and signify in writing their intention of remaining for four years at Centre College. 2. These students should be well recommended as to their Christian character and also give promise of being a credit to the college. 3. The candidates should be selected by a speci al committee of each Alumni Chapter and be r ecommended f or approval to a full m eeting of the Alumni or Al'llllnae Chapter. By a full meeting is meant a meeting at which at least t hirty-five per cent of the manbership of the chapter, according to the list furnished by the Alumnae or Alumni Secretary, must be present . 4. In such a project there must be full participation of the Alumni or Alunnae and there certainly must be full Alumni or Alumnae approval of the student recommended for a scholarship. �The ~lumni or Alumnae Chapter availing itself of this opportunity to award one of these scholarships shall agree to hold at least two meetings per year. one of which will be for the purpose of selecting the student to be the recipient of the Chapter's scholarship. It will be explicitly understood that any chapter rnot meeting this requirement shall lose the privilege of awarding the scholarship. Danville , Kentucky J u y 16 , 1948 ., inu t es of Exectuive ommi t tee .1ee ti ng The mee ti ng was cal e to orde ~ by Mr . Logan a l wel • who acted in place of the chairman, Hr . Ne lson Rodes , unt il , r . Rodes • arrival. Prayer was offered by P r esid nt Grov es . ' The followi ng membe rs we r e presen t: Logan ,a l dwel l, Eaker, Sutc iffe, Miles , Presid en t Groves . The mi nut e s of t he Executive approved . fossrs . W iseman , i cRoberts , Jones, errmann , owan , and Rodes , and ommittee ·= meet ing . of June 1 2 , 1948; were The minutes of th e f u l .tbar of June 12, 1948, were app r oved with the addit ion of the fo lowing action which had b een approved at the J une 1 2 nieetine; but was inadvertentl" omitted in the co pying of t e minutes : I n a ccordance with the suggestions f rom Ur . W B. Marquis a; contained in his letter . of fay 4, 1948, i n the followi ng statement-11 ••• foranpear a nce t he fir st two f ra.terni ty houses should be a balanced pair , rat her than any t wo range d alo ng e ither the north or south of fu e fr a t e rn ity court ; and it seems obvious that the construction o the two houses facing aple Street. should b e more economical than t hat of either t he second or third pair, be caus e ( 1) · a mini mum of gradi ng vou d be necessary to give the houses a proper grade re ation wit } a ple S reet , ( 2) t e u tilities could probab y be taken directly from {ap e Street , (3 . no road construction wonl<l b e required to serve the bni <ling s except possi bly for park ng space, and (4) the entir space eastd' the houses coul d be l e ft undeveloped or coul d be used for other purposes• such as tennis courts , until needed for other fr a.terni ty houses shown on the pl an, 11 --it was vo t ed that the fir st two raternity houses cons tructed be loca ted on th e west end of the fraternity conrt facing !ape Avenue . It was v oted that Dr. A den G. augh a n , Ph . D., be employed a t a salary f $ 3800 per year for th e aca emic year as prof essor of ancient angueges and the humanities . �156 I t was voteti that fr. . 1 ic a.e l Vlhi te be employed as instructor in the De9artment of Economics and Business Administ ra ti on at a salary of $2850 for the academic year. It was vo ted that the Reverend Donald E . Bart le tt b e empl oyed as a,,sociate !)rof essor in the Department of Ph i.losophy and Re li gion at a sal a ry of $3300 for the academic year to take t e nlace of Dr . J ameson Jones , who has resigned . In view of the f act t hat Dr . Arno d :a. Cor.:ie wi11 have t.o assume addi tional duties in the Deoartment of Philosophy and Religion b ecause of of the resi gnation of Dr . J ones as the head of the depar t ment , it was voted that Dr . Come be given an additional increase of $200 in his sa a ry withont cr ange in rank for t1ie academi.c year 1948-1 949 , making his salary $3500 . In view of the res i gna tion of Miss 1art ha O 'Nan as assistant. professor of modern langnages , it was voted that Mrs . Jeanne Rice Lut tre 1 be requested to tea ch' l!,rench and Spanish as an instructor in the Denartment of 1 odern Lan~1ages for one mor~ year at a salary of $200 or tbe academic year . \ I n view of the f act that 1iss Iatherine Cameron has agree d ' t o assume the duties of dean of women f or the year l 948-1949 in the ab sence of Hiss Mar:v Sweeney, it was voteil. that she be gran te d additional c ompensa+.ion of $!:iOO for the ten montr1s from Sent ember 1 , 1948 through June 30 , 1949. This grant will be in addition to her salary as assistant professor in the Department of Rome Economics of $2800. I n v iew of the exce lent work that Dr . Carl~ isch is doing in the Denart ments o-f odern Lan _, ,ages and istorv and also in view of Dr. fisch 1 s unusually fine nreparation and experience , i t was voted th a t he be nromo t ed t.o the rank of associate pro fe sso:-:- and be granted a salary increase of $200 beginning September 1 , 1948 , vhich will make his total salary $3400 for the academic vear . I n view of the resignation of : i ss O ' Nan, it is necessar y that someone take the one-semester course in arivanced Ji'ren ch conversation . It was voted, t. erefo r e , th a t 1rs . Hodgkins , the v1ife of Professor A. R. Hodgkins , b e reqne _s te to teach , this course with an honorarium of $300, it b e ing unrlerstoocl that this a ction is on an emergency asis and does not chane;e the existing rn e of the t r.ustees which prevents the µ3nnanent employmeny by the col l.ege nf members of the f amilv of those on the faculty . his action taken with Dr . Cowan protesting. The resignation of 1r . Charles G. Talbert, ass stant professor in the Denartments of , at emati cs a nd Physical Science , was accen ted wi t h regrets . . .A . Dr . Gro ves presented the repo rt of t he business manager , Hr . Heyer , s owing that the co le ge closed the fiscal year of 1947-1948 with a credit balance of $38 , 951 . 11 in the operational buclget . There was some discuss ion of item ( d ), 11 Plant .E'unds , 11 of the "Assets Account , 11 which shows current funds i nvested in plant and equioment for the year 1946-19 +7 and for the ~rear 1947-1948 totaling $76, 7 8. 61. It was v o ted that he special committee on collegeaidit, namely e s srs . Baker , Nevin , and., Fran:k Ca dwe 1. be rern, este<l to continue to fnnc ion and t o work with the I 1 �auditors with a view to the incl us ion of these i terns e sewhere in the col l ege accounts so~ at it not be necessarv to carry them in the assets accoun t • . e dining ha .1 on the women I s campus close rt. t . e year wi th a credit bal ance of $1, 682 . 06 . 1e cafeteria of the l en ' s ollege cl osed t e year wi th a defici of $557 . 08 . It was voted to r eceive these reports of the bu siness manager . Presi ent Groves and r . iles both reported on the ma.nv wo rds of commendation ro~ the easers and members oft ree young people ' s conf erences heldat the Women ' s Co lege int e mont s of J u ne an Jul y with regard to the mte r tainrl\ent anrl particular :,r t e meals w i.ch were served. President Groves reported that recent changes in ~he f acul ty have resulted in anticipated net s avings in the college onera tional budge t for 1948-1 949 of approximatel y $5 , 000 , but in view of the presep.t decrease i n enrollmen t for the fall semes ter as compared with em·ollment this time l ast year of somewhe e ':letween f orty to fifty r1en students, it. is t.oo earl y to n redict whether it will be necessary to revise drastica lv the n re s ent projecterl budget . r e enrol ment as of July 16 , 948 , is as fol ows : Applications a ccepterr : en 93 \'l omen 61 App ications still in process: 61 I t was vo.terl that a four-inch concrete flo or , as per the estimate furnished for Mr . Steiger of $130 , be insta led if app~·oved by Mr . Nevin in the laundry room in the b a sement of East Hal l, the cost to come out of the regular operati on and maintenance budget so far as possible or , if necessary , that that budget be increased by the amount required . It was voted that the cu rbing recommended by r, r . Steiger for construction at the rear entrance o East a1 1. to . een surface v1ater out of the basement of the building be inst al ed a; an estimated cost of $52 wit the approval of Mr • . evin , the cost to come out of the operation and r1aintenance budge t if possibl e or , if not , that that budge be increased sufficiently to talce care of this item . t was voted th at t he installation as on tlined by Mr . Ste i ger at a cost not to exceed , 464 e i nstR.1 ed in th e asement of org an Hal to provide for a Home Economics practice kitchen , the work to be paid for from the ba n.nce in the or.1.e Economics lf'und , the gif t of J ustice foReyno ds , which is now being carried on the bo oks of the co ege treasurer . Fol lowing the renort of President Groves w. ich makes it cle a r that a minimum of $1 , 263. 6o in addition to other maintenance i terns , should be expended for repairs on the Frye House , novi occupied by the DKE Fraternity , if the house is to be used this year , it was vote that this tot.a situation be referred to the trustees I committee on fraternities (~ . Cal dwe] 1 , ~r. fr Sntc iffe , i1r . an V/ inkle and a representative commit ee of alumni and nndergrari11at,es of the E F aterni ty wit a view to a propo sal to be made to t e Executive Commi tee f ora so ut i on of this prob em . 157 �c.o 158 -..iiJI" t' Nl"'o Af ter consi era _e n.iscussion o e memorandum on+, e meet, i ng on raternit. hous e s e d at t .e rb te Sinton in inci nnat i , J u l y 7, 1948 , it was recommen ed that the raternity ouse nlan of Au~us t , 1946, b e revised to permit the bui ding off ater n itv houses t hat wi . accornooda t e from ei ghtee n to twenty- two students on e furthe r condition that such h ouse cost no mo re an $45 , 000 with the definitemderstanding that the t otal expenditure by the coll ege sha under no conditions exceed $28 , 000 fo r one f raternity muse . President Groves ri.ade a reno rt on the visit of r . Vl i l i arn i oseley Brown , who had Rppl ied for a positi on in the college a nd who i s being conside r ed as a possibl e di rector .or ent re ' s Forward Pro gr am . Letters of recommenda tion con cerning ir . Brown were read f rom President George H. Denny of the University of Alabama ; Dr . enry H. Sweets of the Presbyte r ian Boar d of C ris ti an Education ; Mr . Rob e r t Bishop , Dean of Hen at the University of incinnati ; Mr . Stanton Bel four , Director of t he Pittsburgh .'h'oundati on ; Dr . Gu:v &-lavel v of the Asso ci a t ion of .American Col ege s ; Dr . Robert • Tucker of Hashing on ann. Lee Univers i ty ; Mr . Soug as S . Freeman of t e Ri cbmond (Va . ) News Lea ders ; and Dea n Clay t on E . W liams il of t he aw School of Wash i ngton and ee University . After f ul l di scussi on t hi s who l e mat t er was referred to h e trustees I committee on financi a l ' promot i on (l, essrs , Ca dwel l , laker , and Lanier ) . Balce r made a report on a meeting in oui svil e with Mr . Hammond on the mat t. er of the col ege 1 s need for a p r orr1ot i ona director , and , on t.he recommenda tion of Hr . Hammond , l- 1 r . Baker is to interview t he n.i r ectors of publi c rel ations of ale Uni versity and of Princeton University in the near future . I + was f urt. er cgreed tha t Presid e,nt Groves al so wr ite to . r . Clem J ohnston of the cl ass of 1916 for his ass ist a nce . I t was voted that the resident and se cretar~, of t e Board of Tr ustees be au t ho ri ze d to sign t he pape rs as re quested by the· exe cu t ors o the Tr i mb l e ·es t a t e enabling them to conv ey $5 , 000 f rom the es a t e to the osair Cr i ool ed hi d e n I s ome . Though t b i s ':l qu e st, ~s not so s11ecified in the wil of Hr . Robert Tri mb e , nonet 1e ess i n the ,jun.gmen .L of the execnt ors such bequest comp i e s as near v as i t is possible +o do with a be quest made bv r . Robert rrrir.ibl e for the ca re of crippled children . The mee t ing adjourned a 5:45 P ~ M. with a number of impor t ant items ef t on the table for t he next mee ti ng ofM ; J . ~ tee~ / / · Signed : -f,f(l:J/; _~ if1"e~ Secre t ary ~~~em The fo owing items won d ave been repor t ed a t the Exe cu t ive Comm i t t ee me e ting of Jnly 16 , 1948 , had here been suffi c i en t time : 1 . Mr . lev i n 1 s engineers are working wi tb the pans for the ~ysical education building , and it i s their presen t hooe to complete th em between Augus t 15 and September 1, at w ich time th e )r wil be submitted or compet.i ti ve bid s . 2. The s ed f or the nava e ectronics un t o eviou sl y authori ze11 as been cons t r11 cted on th e son th side of Yonng Science H 1. 3. Fo owine: a vi s t of 1.,.. Sutcli f e wit Mr . Dabney , ""'Ij c::;.:, Cl �vice president of the Dev oe and Raynol s Pain Comnany , Dr . J . C. ong , their rese a rch chemist , i s t o come to Danv i e to con er on t he p 8.int !)'.'ob ems of the col ege . 4. Inasmu ch as t h e f acn ty f amilies are housed satisfac orily f o r , e time b eing , t here is no imme diate need f or t e upstairs ap-rart ment, of the nis House s o th· t all plan s or the reno vation of that apartment are being held in a beyance . 5. Dr. Hildred kAf ee Horton h a s been invi t ed to make the princi pa add r ess at he academic convocati.on ovember 6, 948. 6. A lette r from Senat or John S. Cooner, who a ls o has been fo l ow i ng up entre 1 s r equest for the e stah li s 'U'lle n t of an R. O. T. • nni t, makes it cl ear t a t there is no possibilitv f or the establishment, of an R . 0 , T . • infantry unit or a number of years to come . W th re ga rrt to the i est ab i shment of a n R. O T. C. mili tary noli ce , Senator . Cooper recei ve d assurance t hat t hough the pr ogram 1as a l ready been decided upon fo r 1948 wi th no further expansion Centre wi l be considered for the year 1949-19~0. V✓ al ter A. Gr oves President Meeting of the Executive Commi t tee Danville , Kentucky September 2~. 1948 Present : C i rman e l son D.• Rodes, e s srs . Ike Lani er , Sam Jo nes , ha J o n an W'in le , J. E . W seman , Logan a .dwe 1, Fred B. ilacl1s , and i Pres i ent Groves . e meeting was cal. 7.ed to order by t he chairman , fr . el srm Rodes . Praye r was offererr bv l r . Rodes . On motion it was voted t o di spense wi t h the r eading of the minu es oft e Mee ting of Ju y 16 in view of the f a ct t h a t the se mi nu t es had been circu ated antl. ro omi ssions or aldi t-i ons were no t ed . President Groves r epo r ted on the ad int e rim a c t ions of t he Exe~1tive ommittee ta'ken by mail as fol.lo ws : A spe ci al committee composed of Dr . owa.n , Dean Davi s , r . H. A. 1eyer, Professor E . Vi . ook met wit Dr . C ~ris J a ckson and after t o rough consirlera+,inn gave t he ir approval +,o the heal th insurance pro.aram p r esented by r . Davis, th e Dean of 1en . I n a ccn r • ~ance wit the in structi ons o the committee Dean Davi s go t in tone immediat e ,r wit all pa:r-en+.s and guardians of prospe ctive strn'!. e nt.s of entre Co'lege ruin. ont ined the new program t o +hem . Bri efly th e progr am g ves ac ci, ent ands ck benef its during the academi c year u p to a tot a of $500 on t he bas is of a n annual pre~i'um of $ O. Copy o the pr-oposa as circul a ed among the students is at t a ched . L 159 �160 co The recommendations o {r. Howard Van Antwerp concern ng t e construction of the physical education b1 ilding were turned over to the Comm itt ee on the Physical Education Bu ilding and to Mr • . evi n . The Execntive Commi ttee, by its vote , gave the Tr1 1stees Building s and Gronnds oTTll!li tt,ee ant ori t:v to ta e whRt ever action seemed aiv isable concerning cons rnct.ion of · ditio na l stacks for + ,he library . See later action of t,he Bui rline:s and Grounds ommittee . President Groves reported a tota enrolment. of 607 students to date , 4~5 men and l'52Vbmen . here are .93 new students regis t ered this year , 12~ men and 68 women . It is noted that o this total of new students only g are • 1 s . It. was ;, so noted that the freshman class tota. s 1 92 , 132 men and 60 women . Note was made of the error in the minutes of the fu 1 meeting of the Board of J u ne 2 , 1948 where by the name of 11 • Ike anier was substitute for the name of Chief .Tnstice Fred 1. Vinso n . n other word s Trust ees to be ~proven by the Synod of ,.entnc<:y , U. s . A. shoul d read , Chief J i1s ti ce l!'reri . • i nson , fr . George F . I..ee a nd the Reverend Robert l!, . von Thurn , for e Cl as s of 1 952 . Mr . I ke Lanier elon,e; s in + ,he C ass of 1 9')1 . This error having previous y been noted, the Synod of Kentucky oft e Presbvterian hurch in the U, S. A. a t its reg11 ar Sent.ember mee ting as approved of t e e o ction to the ass of 1 9~2 as Trnstees Chief Justice Fred 1. inson , tr . George F . , ee anri Ar . Robert von r urn . President Groves made a report from Hr . Lisle Baker , chairman of the speci a committee on co ege au its , tote effect t h at there was no rep ort f rom the audit ors at the present time but that they e ·pected to have their recommendations prepared f or the October meeting of the Executive ommittee . It was also reported t at t e auditors av e f nrnishen the materia s re r,,liren bv the business manager ' s of ice to enable them to close the books f or the co l ege vear 1947-1948 . That wo rk is now in process and there wi b e a fu report from the business manager 's of ice a+. t e October mee t ing for t he fir s t quart.er of the acadenic ve E--!' 91.LB- 1949 . Presi11.ent Groves reported f urther correspondence with the A. r R. O. T. C. concerning the possibili t v for an Ai r R. O. T. C. here at entre oll ee:e . The reply w hich cam.e was to the effec+ th a t the ir R. O. T. C. program was exuanded only to aminor degree during the present year and that no further Plans for expansion are under cons i deration . Our interest wa s noted and in case plans should be chA.nged i.n the immeriiate future our appl ication wil 1. come under consideration . President Groves reuorted t e a cti ons of the Trustees ' Committee on uilding s ano. Gro,mrls at t eir regular .meeting of August 25 , 1948 . Those actions are as f ol. ows : 11 eeting of rus tees I Co:mni t ee on Buil dings and Grounds , Augus t 25 , 1948 . "Present : Groves . 11 The ~ essrs . Sutcliff e , cRob e rts , Jones and President quest ion of the instal a ion of the additional st.acks as au horizerl by the Executive Committee was taken un er cons i deration. Presi1ent Groves reported t wo bids on the insta l ation of stacks , one t ota ing , 7 ,400 . 2~ dated Fe ruary 26 , 1 148 , ~ ,.._,,_ ~ 0 (') �from the Remington-Rand Company and one of $7 . 500 . dated Jul y ? 7, 1948 , from the A uminum Shelvin~ Corporation . Bot bids were ob t ained cy- Mrs . Dorothy Cu l en , the college ibrarian . f nl _ discuss i on of the lack of book space m the 1 ibrary as uresented in the report of i rs . Cn l en , it was voted to i-)roceed immediately with the ins ta lation of 1 ibrary stacks , bot h on the ground. floor and on the top fl oor of the library . subject to the furt 1er a Dprova of r . u gh Nev i n, anri that the orn.er be placed wit 1 the Remington-Rand ompany • first • because their b id was lovrer and . second , because of t heir ex nerience in this fie d . President Groves was a so instructed to wri t e the Remin,g-ton-Ranrl Companv to f_s8t a confi nnation of thei r bid of February 26, 948 . 11 After 11 he committee ad,ionrned to fain Hall to survey the si tuat.ion in t he co7-lege chapel . where it has been proposed to install a fire escane anri a l so new or additional i g ting . o inal action was taken on either of these sub.jects . Further bids for the ariditional li g, ti ng are to be received from Cu tte r Electric Cor.1p11.nyc:nd a lso from Ir . Crisman , a local elect ici an . The inst.a lation of the new rost office priva te lock boxes for students was noted with approval . "At the request of Hr . Ande rson, a visit was made to the gymnasium . anrl a nproval ves given for the installation of an exhauet fan in the main~nasiutn , whic1, it i s hoped wil l insure a bett e r drculation of air . 11 The committee also made a surv ey of the possibili t ies en t ailed by t e re quest r:£ the City of Danville made some ti.me ago f or certain f ootage fr om the col ege campus along ollege Street. The opinion was ex:pressed that the co lege should urge the city , when the time comes , to investigate more carefully the possibilities for wid ening Co lege St r eet without using as much of the f ootage from t he college campus as had previously been request e d . 'T'he under ying reason for this opinion is the fact t hat t e re quest in its presen+ fonn will require t e remova of sev e ral valuab .e trees a long the east, side of t h e college campus , which the Buildings and Grounds ommi ttee are loath to lose . "Ad,iourn!1'Jen t . 11 President Groves reported t}, a t the o r rl e r for the additio nal s t acks for the librarv h as alreadv b e en a pn roveri bv ~- evin in accorda nce wit the above action of the Buildin.o,;s ancl Gr011nds Comrn i. tt ee and that o rder has been ,p l ace d with the Reming ton-Rand ompa;w a cording to their revised bid of September , 1943 whereby th e s t acks wil cost $7, 619. 90 . fr . Judd, the engineer of Nevin and Mo r gan , is now in contact with the agent of t he Rem ington- Rann. orn nanv with a vew to drewing nD the necess ary n ans forte ins tallation of +hose stacks . President, Groves renorted t}1e situation in t e Matter of t e p an for new fr aternity hou ses . The revised ulan s submitted by Nevin and forgan of August , 1948 were t11rnen. o,re to Mr. A. 11 . Hal . ~er for him to 161 �162 revise his estimates . r . W'alker renorted to the spe cial Comrni ttee on Fratern i ties on Sent.ember 6 , 1948 t at these revised p ans woul d co s t $~1 , 000 withou t counting in archite c t ' s fees and oth e r i t ems . Accordingl y Hr . fovin was asked to ge t oth er es timates on t hese plans a nd f a i ipg t hat to re-ct.raw the pla ns decreasing the size o the hou se in th e ho pe tha t a pl a n could be devised which woul d cos t no more than $41 , 000 . T e noint o t is limit was that this vo1ld allow a n extra $4 , 000 for arc i tect I s f ees and ot er i tems so that the hous e cou1dh3 kept within the $4r;:; , ooo limit . Those revised plans have since been submitted to r . A. VI . W k er who is now a wo r king on a further revision of is estima tes . President Groves a so re ported on the matt.er of the re nairs of the Frye ouse w i ch at pres ent i s being occnn ied by the DKE Jfraterni ty . The Buildings andGronnd.s Committe e met on September 6, 1948 toge t her with the ComMi ttee on Phys ical Edu cation Buildi n1; and l ew F c"aterni ty Houses w:ith , fr . •rev in a nd. co ns irle r eil. t he s i.t nation in th e Jt rye r ous e . Three rrtembers of the DYE Fraternity were al s o present . After going ove r the house rath e r thoroughly H:- . evi n r ecomrne no.ed a number of minor repairs including one major item, the in s tallati on cf a new roof . An arrange 1ent is to b e worked out later wit the ]'ra ternitv concerning their share of the rost of a 1 o the s e r epai r s aid also t e que s tion of a r evisi on of t e room rent of + .he fr a terni tv with a v iew to enatl i ng the col l ege to operate this house withou t a os s eithe r to the col le2'e or to the fr a t e r nity . lt~or the det a i s a pproved a n!'i the further report of t he committee see actions of the combined me eting o fue CoMmi ttee of Bui ding s a nd Grounds, Committee on lt"'ra terni ties and Cornmi ttee on Physicttl Education, September 6, 1948 which a re as 011 ows: 7 II cm BL r.;D fEETn G· O:B~ Trustees• Committe e on Buil.ding s ano. Grou nct.s, Comm~ttee on Fraternities , and Committee on Physical Education Bui ding September 6, 1948 11 The following memb ers were p r esent : Hessrs . Sutcliffe , McRoberts , Jone s , and President Grove s . 11 Concerning a.J dwell , and Nevin the physical education building. 11 Mr . H. evin report ed that the wo rking draw ings were comple t ed and have alreadv been nl a ced in th e h a nrl. s of the fo n r or five different. contractors fo r b i ds which ar.e to be o pened on Se ptember 20 , 1 14 8 . It vas further suggested that bi ds be obtained if no ssi ble f rom fr . !c lellan of Har rodsburg and Ir . Nelson of Ric11mond . Mr . 1 evi n i s g oing to ge t in t ouch wi t h both of these men . 11 It was further agreed that Mr . Nevin invite Mr . Lisle aker to hls office on September 20 , 1 gug t o onen t h e bids . 11 I t vas further agreed trat t here would be a me e ting of the oT!lil1i ttee 01 Physical Educ a tion Building with Mr . evi n in Danville on Tuesda y, S.eptember 21 , 191+8 to recide on the next step after reviewing the bids . 11 Concerning the li b rary �11 President Groves reported that he had written to the Remi ngton-Rand Company to get a confirmation of their bid f or addi iona s+ac .s ~or the ibra y of February, 948 . at bi d tot erl. 7 ,400 • . e received a ren v froQ t e company stating that t at b'i d was now out of rla+e anri a secon id wa.s subni tted totaling $7 , 619 . 90 which wonld be v oid after September 19 , 1943 . The nrther statement. was made by the Remington-Rand Company tat if the order is placed before that date shipment cou d b e made in aporoxir.:iately 60 to90 days . 11 It was agreed to plac e t is orrl.er i rnr:1erl iatt.1y . 11 In the afterno on r . evin , in he comnany •of , r . Steiger a nd President Groves, visited the librarv and made certain suggestions for instal in~ the new stac s . 11 Concern ing n ew f r aterni t y houses "Mr. · A. W. Walker sibmi tted estimates on the revised ol an of Aug11st 8 , 1948 for the new f raternity houses which total $51 , 000 . . 11 A ter some di scnssi n it was the consensus that Mr. evin be requested to get other estimates f roM at l east t wo ou t- of-t own · contractors in orne r to check t he est i mates submitted by Mr . Walker . It was furt e r su,c;p;ested tha t if necessarv the pl ans f or t e house be cut. riown so t at a prelininary estimate, not to e : ceed 41 , 000 , mig t be received . The t ough i s t hat architect I s fees and other items wi l easi vbring the total t o $4~.000 limi t on such a basis. Therefo e it is no use consirier ing pl ans the n reliminary estimates of which a re in excess o $41 , 000 . ' 1 Concernin,; KE .l!"raterni t ;v Ho 1se 11 At 11: 30 ,.hree rneribers of t he DKE ]' a t erni v , one a l umnus, iir . Sne ckman of Louisville and two un derg rarinates. Hr , Speckman of ouisvi lea-id i r . Horris o Owensb oro , we re cal edin to meet with the Commit.tee on some of the nrobl ems in connection with the D house . Presid .,_ nt Groves read a statement fr om the Treasurer ' s cffice s owing that in 1946-47 expe nses uaitl b;v the coll ege f or t he oneration oft e DKE Fraternitv h ouse exceeded income by $423 . 31 . I n 1347-48 t he deficit was $344. 18 . In 948- 49 he est.imated de f icit is $4"88 not connting aririi tional repairs whi c seem to b e:required o n t e roof and int e general cons t ruction o~ the bui ding. = 11 Af er a consirteration of the detai s o f t ese expenditures it~sp:iinted out th at some o them are rine t o t e fact that the hm e has not yet 1:een out in irst class conrU ion so that sor'le of thes e exi:>enrl.i tures are in excess of norma operat ing costs . It was agreed that , r . evin go over the house carefn y anri male recommen at ions concerni ng the tota c ost of putting the house in good condition and t.hat after that r e:::,ort as been made nr ther adjustments be marie in consultation with the raternitv as t o thei r s~are oft e t ot al expense and a so as t o the room rent o be ~iri bv th e occupants of the house • • 163 �164 "In the afternoon Mr. Nevin, acc001panied by President Groves and Mr. Steiger and the three representatives of the DKE Fraternity, visited the house and it was agreed to go ~ead at once with the following necessary repairs. 1. Install a new roof. 2. Weather-st.rip all doors and windows. 3. Repair chimneys, point-up all loose brick work and point-up foundations doing the necessary strengthening of these found~tions. 4. Repair all qown-sprouts where necessary and install gutters to ca ,·ry the rain water away from the foundation walls of the building. 5. Remove the garage behind the DKE house which is an eye.sore and close-up the roadway between the are~ behind the DKE house and the veterans barracks. This means that if desired occupants of the DKE house and the veterans barracks can park their cars behind the DKE house. ' 6. Mr. Nevin is goint t o make further investigations of the heating situation though it was agreed that the pipes of . the present system should be insulated in order to get a maximum efficiency from ·the -present heating plant. The thought was also that with the re-pointing of the foundation walls a goo·d bit of the cold air under the house would be kept out. 7. Mr. Nevin reconnnended that the window in the bath room be repaired and even changed if necessary and that a new showerhead be installed in one of the showers. 8. 'When the new roof has been installed the rooms wbich need re-papering due to leaks in the old roof are to be re.:. papered. 9. Meantime further consultation is to be held with the members of the Fraternity to see whether or no more economical arra~em~nts can be made for caring for the furnace and other necessary janitor service. 10. Mr. Nevin and President Groves authorized Mr. Steiger to go ahead at once with these r 'e pairs inasmuch as they are all relatively minor items and the total expense much less than was originally anticipated in the discussion of the Committee meeting. "In the afternoon President Groves and Mr. Steiger took advantage of Mr. Nevin I s presence and further check was made on several buildings and grounds items including the following: ''Mr. Nevin approved the installation of the cement floor i~ the practice kitchen of the h ome economics room in the basement of Morgan Hall as well as the installation of the cement �165 work around . the back door of East Hallltlere such an installation is necessary to prevent rain water from washing into the doorway, Mr. Nevin also i:pproved the installation of the cement floor in the laundry room of the basement of · Eas t- Hall if and when necessary. "In checking the library building Mr. Nevin asked that the plan of fue building lB mailed to them that recommendations may be made as soon as possible for the kind of installation required for installing1he additional stacks in the library. "On the matter of the lighting in the Chapel in Old Main Mr. Nevin requested that the college ask Brecher and Company and Rueff · and Company to send representatives to the college to make recommendations and estimates on what would be needed for the lighting in this Chapel. "Mr. Nevin is to send President Groves a copy of Mr. Marquis I letter of August 20, 1948 relating to campus plans. "Adjournment." President Groves then read letters from Mr. Renniesen, Treasurer of the Board of Christian Education of the Presbyterian Church in the U. s. A. , , and from Mr. George F. Lee concerning possibility of borrowing the necessary money fo r the erecti on of the physical education building. The letters referred to are as follows : "September 22, 1948 Dr. Walter A. Groves, President, Centre College of Kentucky Danville, Kentucky. "Dear Dr. Groves : "This will acknowledge receipt of your le t ter of September 20th. "Although I hesitate to differ with Mr. Lundy of Marts and Lundy, I ques t ion the soundness of borrowing funds for the erection of buildings in anticipation of the successful completion of a fund-raising effort which will enable the repa,yment of monies borrowed. "1 have made inquiries as to the possibility of your · institution borrowing $250,000. In this connection, I have assumed that you are cont emplating a secured loan and that it would be repaid in not more than two years. On this assumption, I have been informed that on the basis of the present interest and a demand loan, the int erest charge would be . between 3% and 4% Your attention is directed to the fact t that these rates are neither a commitment on the part of any bank nor is there any assurance that the interest would not go beyond the rates nemtioned between now and the assumed maximum expiration date, viz. two years. L �166 "In connection with a secured loan.utmost care, of course, should be taken to ascertain that the securities pledged represent investments of endowment funds unrestrict-ed ~s to principal and income. The}1,'pothecation of investments of restricted endowment funds would be definitely unsound an!i at leas t a viola ion of agreements existing between your institution and this Board. "I have also inquired as to the possibility of a loan •~cured by a mortgage on the campus or a part thereof. It would appear that such loans are not looked upon with favor in view of the one-purpose nature of the plant and the type of the institution. If such a mortgage loan could be sevured, it would seem that the interest rate 1'nld be no less than 5~. · "Trusting that I have given you the information requested, and with best regards. I am Cordially yours, (Signed) G. W. Renneisen Treasurer. 11 September 22, 1948 Dr. Walter .A. Groves. President Centre College Danville, Kentucky "Dear Dr. Groves: "This 1'11 acknowledge receipt of your letter of September 20, 1948, and I note your •request for my ·experience as t o what Centre would have to pay for funds. As you are aware , t he money market, like the security market, is changing continuously and loans that would have been attractive a year ago are today being turned down by the banks. It seemed to me that the best way to find out would be to call up the banks and see the rate they would quot~. I checked with the Chemical Bank & Trust Company, which bank used to be headed by Mr. Percy H. Johnson (he contributed to the Centre Building Fund), and they informed me that they were no t interested in making a loan at this time to run three to five years. Th.e National City Bank stated that they might be interested at a rate of around 3~ and the u. S. Trust Company quoted a 3,% rate for a t hee year loan, with a definite program of liquidation, which would be satisfactory to them. Both cf the~e rates were based on the fact that the loan WoU;ld be mcured by securities of a value in excess of 30~ of the amount of the loan and such margin to be maintained. In other words, a loan of $300,000 would require $400,000 of securities. It is fur ther understood that at least 5oi ·o f the value ti the securtUes be U. S. Government Bonds and the balance be bonds or stocks traded in on the New York Stock Exchange. Neither of the banks were interested in making unsecured lo~ns. �"The rate on 3½% seems about as cheap as you w~ 11 be able to borrow money in New York although I am well aware this is higher than we are notd:>taining of the short tenn Treasury Bonds held in the Endowment portfolio. "If you want any additional information before your meeting on::S.turday, the 25th, do not hesitate to telephone me Friday. · Our telephone rumber is HA nover 2-4600. "With best regards, 11 Very truly yours, (Signed) George 1. Lee "P.S. Please let me know what action if any t he Trustees take about borrowing the funds to start the buildlng. 11 President Groves then made the following statem~nt concerning the construction of the physicaleiucation building. 11 1 would urge that the Executive Committee re-consider seriously the action of the full Board taken at its June meeting to the effect tmt ground be broke_ f _ r t he physical n o education building th is fal 1. The grounds for i:-his re- con. sideration are the very slgnififant developments that have t.aken pl ace over the sunme r months which have made some wellestablished principles clearer and brought to light some very alanning new fac t ors. 'lhese are as follows: 11 1. Further increase in inflation with the likelihood of additional increases within the twelve mont~ period immediately ahead. 11 2. Increasing scarcity of building materials. 11 3. Present high interest rates for loans. "4. Centre's borrowing power which is in question. 11 5. The present world situation. "6. The situationWi.th Centre's FoI"ffard Program. 11 1 • . Increased ' inflation The bids on the physical education building are furthe alarming proof of the inflationary situation which ~o• prevaila ; The lowest combined bid received for necessary alterations in the present gymnasium and construction of the new building total $336,955.00. This figure does not include architect's fee (6%), any seating, temporary stage , additional equipment for the physical education department, nor does it include a swimming pool. Advice as of a year ago was to p,stpone all building that would possibly be postponed in the present period. It is now evident that construction costs have increased an additional ten to twelve per cent in the l~st few months. 167 �168 "2. Scarcity of buildine materials Relia~le reports are that cement will be non-obtai nable for an indefinite~riod. One bidder was prepared to lay a wager that if our physical education building was star,t ed this fall, not a foot of concrete would be pmred this year. Equally reliable reports and experie nce make it clear tl8t steel may also be · impossible to get. Out of this information one thing is certain and that is that construction started now will t ake an inte:nninable length of time . to complete, which would mean that b rrowed money would be tied up during that period, making the "'b uilding more costly than ever. "3• fnsent high interest rates on loans 11 '11he entire que stion of where the money for the building 101ld come from has not yet been carefully considered. 11A. Cash on hand from our Forv,ard Program after all expenses· for our campaign to date have been paid is $34,565.79. Outstanding pl edges total $66,341.42. This means that at the . resent time the college would have to borrow a pproxfmately $302,389.21 to complete the building onlle basis of the total bod of $336,955.00. Even if only the sh 11 of the new building were constrnct ed the minimum costs would be . in the neighborhood of $300,000 ltnich 'l'Olldnean borrowing as much as $250,000.00. I t should be noted that in these calculations the $66,341.42 yet due on pledges has not been counted. In the first place these pledges wi 11 come in over a peri-od of two and a half years and in the second place a good bit of that money to be paid will be required for the items not included in theli>ove mentioned bids. "I t is going to re quire an indefinite period to get .· our campaign going again, so that there should be no thought that the amount borrowed can be decreased in the immediate future. "B. It is certainly not sound business to .borrow money in such amounts when it is so cheap with the prospect of having to repay with much "harder" money. The experience of the last p,st-depression period in such situations should not be forgotten. I daresay there is no member of the .Board of Trustees who is planning any expansion of his own business today on the basis of sizable long-tenn borrowing • . ''C. Then there is the question c£ the securi t y for such a loan. I q1ote from a letter from the t reasurer of the Board of Christian Educa tion~ ••rn connection with a secured loan, utmost care, of course, should be taken to ascertain that the securities pledged represent investments of endowment funds unrestricted as to principal and income. The hypothecation of investments of restricted endowment funds would be definitely unsound and at least a violation of agreements e xisting between your institution and this Board. 1 < I �"Thus our restricted endowmentstiould not be and cannot be used for security, and at the present time as far as I am aware we ·have no endowments w hich are unrestricted as to both principal and income. "As to the securing of a mortgage on our plant I again quote from the letter 0f the treasurer of the Board of Christian Education. "'I have also inquired a s to the ~ssibility of a loan secured by a mortgage on the campus or a part thereof. It would appear that such loans are not looked upon with favor in 1/lew of the one-purpose nature of the plant and the type of the institution. If such a mortgage loan could be secured, it would seem that the interest rate10uld be no less than 5%- 1 "Mr. George F. Lee 1 s letter of September 22 indicates that banks in New York'-mld grant a 3½% loan on a three year term if securities were furnished which were 1 of a value in excess of 30% of the amount of the loan and such margin to be maintained. 1 Mr. Lee also writes in this same connection, 1 It is further understood that at least 50% of the value of the securities lB U. S. Government bonds and fue balance be bonds or stocks traded in on the New York Stock Exchange. 1 0n the basis rf the abo~e information it would 1ppear to be almost impossible for Centre College to borrow the funds needed. 11 11 5. Present worJ d s1tnet1 on Unpleasant as it is t.o contemplate the facts, every evidence from the international scene chring t he summer months corroborato the threat of a catastropic war. In the event of such a war ,no one knows what will survive~ but one thing . is certain, and that is that a debt-ridden college will not. The independent college is mquired at all times to operate on a pay-as-you-go basis. That requirement is all the more necessary in the face of the present world situation. •6. Centre's Forward Program The failure of last year's campaign cannot be laid to any one passing cause. Under the leadership of a more able director we might have chne better , but in view of the fact that both Mr. Myers and I gave of ourselves unreservedly to this effort, certainly all the blame for our failure cannot be laid at the door of Mr. Foster. All that one can say with any assurance is that the six-weeks survey which preceded the campaign did not reveal the true situation in the way that the campaign did. The facts are pretty clear that Centre's Forward Progrernis going to require an indefinite period of good continued cultivation before 1angible results can be expected. An intensive campaign, at the moment, would be abortive and unwise. "Conclusion. 169 �170 in the face of the above facts, all of them new in the light of recent developments, the only sound policy is to delay construction of the physical education building. Such delay will be mderstood by those who have contributed, and it certainly should be explained to1hem. Such delay will handicap the work of the physical education department, but if this year's enrolment means anything itwi.11 not seriously affect that situation. In fact future enrolments are very much problematical and very conceivably. may drop-off in spite of everything. Should that occur a debt-ridden college would be in a most dangerous situation indeed. In fact there are many other things that will have a much more direct and decisive e feet on enrolments than the physical education biilding and certainly a college handicapped by the lack of a phys ica1 education building is not nearly so bad off as one struggling with a large debt. "Therefore in view of all the above Lstrongly urge the Executive Committee to postpone construction of the physical education building with the understanding that construction wi 11 be lBgun only when at least three-fourths of the total costs have been deducted, and further that all funds receivedihus far for Centre's Forward Program be kept entirely separate from all other college funds, and that they be so kept and used only for the construction of the physical education building.• Following this ·statement it was moved and carried to defer all action on the matter of the construction of 1he !hysical education building until the full Board meeting November 5, 1948. Dr. Groves gave a resume of the statement al ready circulated among the Board of '.rrustees on "Observations for Centre 1 s Forward Program". Following that the committee took the following~tion. L "In order. to put into effect the resolution proposed by Mn. Lisle Baker and adop t ed at the full Board· meeting June 12, 1948, to wit. "'Resolved that there be created a new permanent office or position in Centre College, the duties of the incumbent of which shall be primarily the furt herance and promotion of additions to 1he endowment md capital furnds of the . college, and the devising and execution of a long-range public relations program, designed to aid in such a program, plus such additional suties as the Board of Trustees of the Executive Committee shall assign to such office; and be it further resolved that such position be assigned a title fflich will carry with it the prestige of a high-ranking official of the college; .and be it further resolved that the President and Executive Oornmi ttee be authorized t.o seek and employ a person having the proper qualifications for this position and to pay him not exceeding ____ dollars per;,- y. ar; and be it further resolved that the e President and Executive Committee be authorized in their, j udgment and discretion to obtain such further professional assistance in furthering the over-all trogram as ma~r be advisable or necessary. 1 �"It is recommended that Dr. Claire M. Stewart be invited to join the college as vice president with the specific d'1 ties entailed in the work both of financial promotion and general public relations. It is mderstood that as executive i;ecretary Mr. R. L. Myers is to continue to be re ~l)onsible for all work with the alumni, including the alumni ~nd, the Newsletter, all college publicity, student promotion, and such other work that may prove necessary fro _ t i me to time. This means that Mr. Myers. and Dr. Stewart w,111 work in closest cooperation under the direction of the presiden1 / "It is further recommended that Dr. Stewart's salary be $8,000.00 per year with the additional payment of 8~ of his salary to the Board' of Pensions, Presbyterian Churchin the U. s • .A. on the condition that Dr. Stewart pay the additional required 3%, making thetDtal premium payment to the. ~oard of Pensions 11% of Dr. Stewart's salary, and that Dr. Stewart be allowed one month's vacation each year. "In line with the above resolution already approved by the :Board of Trustees, it is to be understood that this arrangement between the college and ·Dr.Stewart is on a permanent basis contingent only on the satisfaction of both parties. •rt is further recommended tmiat in extending this invitation to Dr. Stewart, he be gi ven full assurance of the complete and earnest support of bo~ 1:he' administration and all the members of the Board of Trustees. 'i J "Dr. Claire M. Stewart is a native of Pennsylvania, 55 years of age, married, me B:>n living who is a student at Bowling Green University of Ohio. Dr. Stewart was educ ated at Westminster College, Pennsylvania, and Pittsburgh-Xenia Theological Seminary. He was awarded the honorary D. D. d gree by Grove City College of Pennsylvania. He served first in the United Presbyterian Church as pastor in suburban Pittsburgh. Later he was called to the Presbyterian Church. U.S. A., and served for 12 years s pastor of the Presbyterian Church of Clarion, Pennsylvania, from where he went in about 1943 to the Cleveland Heights Presbyterian Church, Cleveland Heigh ts, Ohio. As pastor in different churches, be was engaged in several important promotional activities, was one time president of the Lions Club r:f the state cf Pennsylvania. Therefore, when the Ohio Synod needed a man to direct the promotion of the Restoration Fund among the Presbyterian churches in the Sy.nod of Ohio, a . committee prevail ~d upon Dr. Stewart to· do the job. Undel' his leadership the .Synod raised 96% of their quota, which was more than $2,000,000 .00 . For the past year he has worked as asslstmit director of l the Fund with offices in New Yark where they have been busy completing the goal of $27,000,000.QO. They are now $1,757,000.00 short of that goal. Dr. Stewart planned to return to the pastorate, but friends have prevailed upon him to consider seriously using his good abilit~esm strengthening the finances of one of our church-related colleges. He is highly recommended by Dr. H. A. Dalzell, director of the Hestoration movement of the Presbyterian 171 �172 Church, U. s. A., .who himself is shortly to , become vice president of the college of Wooster, responsible for their fund-raising and public relations activities. by Dr. Ed Stimson, pastor of the Knox Presbyterian Church of Cincinnati, Ohio, and Mr. Arnaud Marts of Marts and Lundy. Dr, Stewa rt came to Danville September 11 and 12 and met seven of our trustees, and all of whom who have made any report have reported very favorably on . their impressions of .Dr. aewart as the person for our job. 11 It was further voted to request all the members of the Board of Trustees to confirm this action although the Executive Committee understands that the full Board bas already given the President and the Executive Committee full authority to act in this matter in accord"'1th the resolution of the meeting of Jtme 12. It was also taken by consent that Dr. Stewart be asked to meet with the full Board at its meeting on November 5, 1948 On recommendat ion of .President Groves it was voted to charge special students, trucing work in evening classes, a special fee of $10 per semester credit. It is noted that this special fee is less than thecrdinary college fee but this action is taken in order to give some encouragement to this work at its initiation. It was voted to reply to Dr. Folsom to his inquiry as toltlether of no the college 1t1s interested :fn purchasing the house owned by h im on North Maple Avenue that the college was not interested in the purchase of this house at the present time. The recommendati on of Mr. R. L. Myers and President Groves that Mr. ,Toseph Harkins ff the Class of 1904 of Prestonsburg, Kentucky be requested to act as chairman of the Bequests Committee was ·approved. President Groves reported the resignation of Dr. Schwarz f rom the department of education and physchology in a latter dated August 12, 1948 wh ich reached the college on August 15, 1948. It was agreed that President Groves should submit a statement to the Executive Committee at · their next meeting on the. pol icv of the college as to the time interval which the college should give faculty people in case their services are no longer required and also the 1 imi t which the college would require of faculty people .who wish to ~ve the service of the college. On the recommendation of President Groves, Mr. W. H. Tyte, of Fayette, Missouri, was elected to the:laculty with the rand of assistant professor in the department of education and psychology at a salary of $'3, 300.00 per year. Mr. W. H. Tyte was born in San Antonio, Texas in 1912. He is a graduate of the University of Texas~ B•. A• .degree 1933, the University of Texas M.A. degree 1938, and Duke University at Durham, North Carolina, .B~D. degree in 1942. Mr. Tyte has had six years experience teaching sciences in the San Antonio Vocational and Technical High School f oll owing which he took three years of work at the Divinity School of Duke University, specializing in 3ible, comparative religion, education and psychology. Following his degree he served for th~ee years in the United States Navy as a chaplain. After separation from the s~rvice, for the past two he has been on the faculty of Central College in Fayette, Missouri in the department of philosophy and religion. He a,mes well recanmended �from, Central Co ll ege in Fayette, Missouri ill particular wi t h whom we have already consulted. The:v g ve Mr. Tyte pe:r,nission to make t he change at this late date explaining that they f elt that he should have the advancement which the position at Centre College gave. With regard to the transfer of the temporary veteran's housing in accord with the recent act of Congress on this sub,ject and on a,ndi tions laid down b;v that act the following resolution was approved. MBE IT RESOLVED By the Executive Committee of the Board of Trustees of Centre College of Kentucky. situated in Danville, Boyle County. Kentucky, a corporation operati ~ under the laws of the Stated' Kentucky, which has jurisdiction over t he :area in w hich Pro,ject No. Ky-V-15126 of Centre College of Kentucky. Inc., is located, that the waiver d' the removal requirements of Section 313 of the Lanham Act (Pupl ic Law 849, 76th Congress, as amended) with respect to said project is hereby specifically approved in accordance wi t b Public Law , 796. 80th Congress." President Groves reported a letter from Dr. Robert P. Ball to the Board of Trustees thanking them for the award of the honorary degree at the commencement exercises in June. This letter was received m July 23. On the recommednation of President Groves Messrs. Logan Caldwell and Ike Lanier were appointed a special committee to investigate the possibilities of instituting classes in horse-back riding and it was also voted that this committee be g iven authority to make whatever arrangements seem advisable and necessar y •. It was voted to call a meeting of the full Board for Friday afternoon, November 5, 1948 at 2:00 P. M. in the Presiden~•s office. · Adj ournrnen t. . ~~ ~~ Signed: v L an Caldwell /g Secretary pro tem Da nville, Kentucky October 15, 1948 Meeting of the Executiv.e Committee of the Board of Trustees The meeting was called to order by the chairman, Mr. Nelson Rodes. Prayer was offered by President Groves. Present were Messrs. Lanier, Jones , Logan Caldwell. Rodes, Baker, Dr. Cowan, and President Groves. The mat ter of the recent publicity concerning the application of three Nigerian students to enter Centre College was discussed. President Groves made it clear that the responsibility for,'making the a npeal to the Attorney General was his and t hat had he known of the publicity ~ethods of the department such an appeal would not have been made. President Groves further agreed to make a statemen t to the faculty reiterating the �174 responsibility of the Board format~ers of over-all college policy. A letter from Dr. A. R. Schwarz to Dr. Cowan, as the President of the Board of Trustees, ~ppealing a decision re garding the settlement of his salary made by the college administration, was read. It was voted to rep'l y to Dr. Schwarz that matters of this kind are administrative matters and the Board therefore concurs in the settlement already made. President Groves made a further brief statement concerning the enrolment of the college showing t hat there are 624 regular stud ents and 16 part- time students enroled. Among these students are 124 new men and 57 new women. Of the new men 38 are veterans though only 34 of them are receiving support from the Veterans ' Administration at the present time. The report from the college auditors was discussed, and it was voted to refer the report to the Finance Committee, composed of Mr. Rodes, chai :n nan, Mr. laker, and Mr. George F. Lee, for their study and that they report to the full meeting of the Board of November 5, 1948. The alternate fraternity house plan as d e scribed in the notice sent to the members of the Executive Cbmmi ttee by President Groves was discussed; It was agreed to approve this fraternity house plan and to submit it immediately to all the fraternities . concerned. There was a discussion of the original plan, and the report was made that Mr. Walke r had made a bid of $41,900 on the revised plans as submitted by Mr. Hugh Nevin. It wa s reported, however, that for the present the Phi Kappa Tau Fraternity is m ot entirely satisfied with the plan, taking exception to the smallness of its size • .. It was po in ted out in this connection that to enlarge the depth of the house by the two feet requested by Mr. Bowles of tie Phi Kappa Tau Fraternity would only incre~se t he c ost of c onstruction. It was also thought that with the original bid of !.· $41, 900 there was 11 ttle l i keli ho od that th e house coul d be cr, nstruc ted for $45,000 as stdpu.lated by the previous action of the t _ r1.1stees ; No action was taken on this report. Dr. Groves reported on his visits with Dr. Claire M. Stewart and that Dr. Stewart will give his reply to the invitation of the Board to become vice pr esident in charge of financial promotion. and public relations on October 27. Mr. Herbert A. Meyer made a ieport of the operations budget of the c bll ege, and a copy of that report is enclosed. The meeting adjourned. obn:ice~ retary �175 Meeting of the Board of Trustees November 5, 1948 The meeting was called to order by the president, Dr. John Rice Cowan. The prayer was offered by the Reverend Robert Von Thurn, D. D. Present were Messrs. Lee, Von Thurn, Frank Caldwell, Va n Winkle, Wiseman, Logan Caldwell, Van Antwerp, Nevin, Herrmann, Rodes, Wachs, Joplin, Baker, Jones, Cowan, Lanier, Miles, Sutcliff e, Noe and President Groves, In the absence of Mr. Frederick A. Wallis, Mr. George A. Joplin, Jr., vra s appointed secret.a ry pro tern. Excuses were heard and approved from the Honorable Fred M. Vinson, Mr. Frederick A. Wallis, M Lawrence Hager, and Mr. George A. McRoberts. r. Mr. M ilton Durham, notary public, was called in and Mr. Samuel V. N was duly sworn "in as a member of the Board of Trustees in the presence oe of Mr. Durham. On the motion of Mr. Rodes it was voted to invite Mr. Samuel V. N to address the trustees briefly at the supper hour. This request was oe made particularly in view of Mr. N oe's experience in the field of secondary education. In his remarks at the supper hour later, Mr. N called attention oe to the need that the college develop its wora for the training of both elementary and secondary teachers. The basis of the need for such people is the leadership which those trained in Centre College have furnished in these fields in the pa st and the further fact that such people are also excellent spokesmen for Centre College among students who are thinking of t he choice of their college. President Groves announced that Dr. Claire M Stewart had accepted . the invitation of the trustees as contained in the action of September 25, 1948, to be vice;.president in charge of public relations. Dr. Stewart.~s telegram of acceptance was recorded: "October 25, 1948 New York, New York "Dr. Walter A. Groves Cemtre College Thi nville, Kentucky "Since seeing you, have had meeting with my parents and wife and have returned to New York. All difficulties have been resolved. I am now ready and willing to accept your gracious offer without any reservations. I thought you would like to ha ve this information before the deadline set for the 27th. I can begin the first of N ovember. M rs. Stewart and I will be with you at the Board meeting on November 5. I a m looking forward to many happy years of associa tion. Best re gards. "Claire M Stewart" . �176 Since Dr. Stewart had come to Danville to meet the Board of Trustees at its full meeting, in reply to the invitation ma de to him, President Groves called him in and introduced him to the Board. Dr. Stewart was invited to sit through the entire meeting. In intiI'. duc ing o Dr. Stewart, Dr. Groves read a letter from Mr. Walter B. Schoggen, one of Dr. Stewart's colleagues in the work of the Restoration Fund of the Presbyterian Church, in which he congra tulated the college on obtaining the services of Dr. Stewart. In response to the invitation of the Trustees, Dr. Stewart made a brief statement of his hopes and plans for his work, which was very w&rmly received. Dr. Stewart stated that he will be able to begin his work with Centre College on November 15, 1948. The reading of the m inutes of the meeting of June 12 was dispensed with in view of the fact that they had already been circulated, and it was voted to approve of them as printed. President Groves gave a resume of hisi:emi:~annual report, including a report on the scholarship program which indicates that for the current year 1948-49 in self-help positions, student assistantships, gra nts-in-aid, and various schol.&rships, the college is making a total gra nt of $20,092.00 and rendering assistanc e to 15.8% of the entire student body. The report of the president was approved. elson D. Rodes made the report of the treasurer of the college Mr. N in which he pointed out that in no one year in her 129 years of history has Centre College ever received so much "new money" as during the twelve-month period from July 1, 1948, to June 30, 1948. The total of new gifts for the year was $277,450,37. It was also pointed out that never in Centre's history have the withdrawals exceeded those of the past year. These total $161,241.56. For the complete report, see separate file. The report was approved as read. On the motion of t he treasurer it WoS voted to write down the valUBtion of the three lots of bonds, one German Government-External,7-49, one German Government-Internol, 5-1/2-65, and one Tokyo Electric Light, 6-53 to a nominal value of one dollar for each group · of bonds. This valuation is simply for the purpose of maintaining a record of them. 0 The report of the busi ness mana ger of Centre College was read. The busi ness manager pointed out that the operations of the college during the year resulted i n an excess of income over expenditures of $8,457.75. The report also indicated the rising proportion of total income from student fees a nd the decreasing of total i ncome furnished by endowment. The business manager also pointed out the extrem care th&t has to be exere cised over food service operations i n order to preve nt losses in these account s. The report was approved as read a nd the business mana ger commended for his fine report. Mr, Ike Lanier presented the finBl budget of current i ncome and expenses for the year ending June 30, 1949. He pointed out that t his budget is based on the actual situation of present enrollment as well as incraasEid opera ting costs which have come to l ~ght since the tentative budget was approved in June. This budget envisions a total i n~Ome of $602,292.73 and a total outlay of $599,440.38, leaving an excess of income over expenditures of only $2,852.35. Thi s is the largest operating ~udget in the history of the college. On motion this budget was approved as presented. �177 The Finance Committee made its report on the college audit, and after discussion the following recommendations from the committee were approved: "Recommendation A: 1. All principal assets of the various endowment, special, and principal funds of Centre College, except the Synott Fund, held by the Treasurer of the College, sha 11 be pooled and commingled as of the beginning of the current fiscal year; and the valuation of each fund shall b e fixed for the purposes of i ncome distribution at the market valuations as of June 30, 1948, using face value for loans, market value for securities, actual value for cash c1nd appraised value for investment real estate. 11 2~ The distribution of aggregate income from the funds on hand on June JO, 1948, shall be determined on the basis of the percentage of participation in the aggregate ppol as shown by the principal··valuations determined in ac corda nce with the first section of this reconn:nendation. "3. Any new endowment oy principal funds received during this fiscal year or any subsequeatt :fisca-3:: year shall be kept separate until the end of the fiscal year in which received, at which time they shall be added to the pool and a new percenta ge of p&rticipation computed for the purposes of inc ome distribution. 11 4. All securities and assets shall be entered on the books of the college at cost or at market value at the date of acquisition and shall be so carried unless a change in valuation is ordered by the Board of Trustees. "Recommendation B: 1. The business mamger of the college -. shall, in cooperation , with the treasurer, set up and keep books of account which will reflect c urrently and continuously the condition of the endowment, principal, and special funds of the college c , and the income received therefr,om. 11 2. The business manager of the college shall also set up and keep a docket book or s et of files in 111,hich shall be incorporated all known and obtairnble information as to wills, bequests, deeds of trust, life estates, estates in process of settlement and other actual or contingent assets in which Centre College has an interest. "Recommendation C: 1. The Executive Committee should be authorized to make further study of the Report of Audit of the College as of June 30, 1948, a nd of the recommendations of the ac counting firm of Yeager, Ford and W arren and to recommend such action with respect thereto as the Executive Committee deems advisable and shall thereafter report to the full Board for final action." The Commit tee on Honorary Degrees ma de its report and on motion t he followi ng recommendations from the Comrni t tee were approved: L "Your present Committee on Hono r ary Degrees when confronted by necessity of ma king recorrnnendations to the Trustees for degrees to be awardedaa t ~ the November 6th graduation exercise found itself some~ what in the dark as to the basis for selctions and procedure. Inquiry developed there was of record no official c1ction of the Board as a guide for the Committee but we did learn of certain unofficial principles used in the psst, so for our ovm and future guidance, and for future Committees, we are making this brief report with certain recommendations about what will hereafter be in force and followed if this report be adopted. �178 "As a basis for avrarding a degree there will be considered: 11 1. M erit a nd achievement i n the ca ndidate I s chosen field. "2. Other things being equal, alumni a nd alumnae of Centre should have pri ority in c onsideration. "3. The candidate ' s interest in and service to Centre should be considered. "4. The number of degre es granted at a ny one time should not be arbitrarily fixed, nor need the distribution of the various degrees be bala nced. However, the Cammi ttee should be co nservative and except for unusual situations, the number of degrees gra nted at any one time should not e xceed four, with two or t;hree preferable. "5. W hile degrees will normally be awarded only at annual or semiannual exercises, it is recognized tha t some exceptiona l situation might arise where de grees may be avrarded at som special convocation e and the Committee is ap.thorized to rrake recommendations for such occasions as well. "The Committee also realizes that heretofore there has been no well defined procedure whereby the Trustees, Faculty, Alumni or friends of eentre may make recommendations for honorary degrees. The most informal methods · seem to have been followed a nd we therefore recommend: "a. There shall be a Faculty Committee on Honorary Degrees which may nominate one or m ore candidates in one or more fields of service in the order o f preference. ~ 'b. The President of the College shall be privileged to nomi na te one or mo r e ca ndidates i n the order of his preference. "c. Nominati ons from membe rs of t he Board of Trustees, and from Alumni, will be welcomed and considered. "d. All nominati ons must reach the Committee, t hr ough the Chairman or the Pres i dent of the Colle ge, a t lea st four m onths prior to the commencement date, wi th full biogra phical data a nd r easons why the honor, i n the opi nion of the nominator, should be c onferred. Immediately followi ng the tim fixed the Committee will meet a nd after c onsideration e and inve s tigation make its recommendations in writing to the Executive Cammi ttee for their consideration, followi ng which a report will be · made by mail to t he full Boa rd for their approval. "e. The Committee may waive the above requirements of four (4) months . in unusual situations. "It is understood that the Cammi ttee will keep a careful a nd well orga nized file of informa tion on all nomi nees for degrees from t he above a nd other sources, mai ntaini ng on the top of said file a n upto-date list of all who ha ve been recommended a nd considered. "Respectfully subm itted, "Howard Van Antwerp, Jr. Chairman "George A. Joplin, Jr. (signed) [ _' �179 On motion it was voted that the action taken previously, awarding the honorary degree of doctor of divinity to M W r. ilbur La Roe, Jr., be rescinded and that Mr. La Roe be awarded the honorary degree of doctor of laws. On motion of Mr. W.v seman, it was voted to award to the Reverend Barney Ellis M aclean, pastor of the Second Presbyterian Church of Da nville, Kentucky, the honorary degree of doctor of divinity at the connnencement exercises on N ovember 6, 1948. This motion was voted unanimously, and the president was requested to notify Mr. Ma clean of this action. On recommendation of the faculty the following de grees in course were approved: CENTRE COLLIDE Troy Rhudy Eslinger (W ith Honors) Jame s Krupnick Donald M acDonald John M onroe Nichols James H. Reynierson, Jr. Ma nfred Oscar Singleton Benja min Pressley Smith John Arnold Sullivan W illiam H. Whiting CEN TRE COLLEGE-W M 1 S DIVISION O EN ildred Edwards M Wilma Helen James George Ann Sisco The matter of the continuation of the fall commencement was brought in question, a nd President Groves requested that the matter be considered foll owing the experi ence with the commencement on N ovem ber 6, 1948. On the recomme ndation of President Groves, the Boa rd of Trustees took t h e following actio n to appoint "Centre I s Boa rd of Overseers. 11 The action ta ken was as follows: 1. From among alumni, alumnae, parents of Centre College student s, a nd friends of the college a committee shall be chosen of interested people none of whose members shall be members of the Board of Trustees, or of the Board of Directors of either t he .Alumni or the .Alumnae Association, whose purpose it shall be to promote the welfare of Centre College. 2. The duties of t his committee shall be to recommend wa y s and m eans of improving the relationships of Centre College and its supporting public, to visit va r i ous departments of the colle ge and make reports and recommendatio ns to lthe president for the purpose of improving these depa rtments, ond of keeping Centre's friends better informed on the a ctual work 3of the college. B. This committee shall visit the college at loost once annually, preferable when work is in session a nd not on special occasi ons such as homecoming or commencement but at times when the college can be seen as it a ctually operates. 4. The recommendations a con t9ined i n the above pa ra gra phs shall be communica t e d to the Boardsnpf Directors of the Alumni and Alumnae Associations with the request that they nominate to the president of t he college ca ndidates for "Centre's Bocl rd of Overseers." �180 5. The president of the college shall be requested to arrange a date when this committee ca n visit the colle ge to perform the work properly belongi ng to it. 6. This committee shall be asked to make its rep orts to the president i n tim to be presented to the Boa rd of r:rru.stees i n June each year. e 1he president read the statement of principles on aca demic freedom and tenur e formula ted by joint conferences of the Commission on Academic Freedom a nd Tenure with the officers of the American Association of University Professors and endorsed by the Association of American Colleges at the annual meeting held in Pasadena aa nuar.y 10, 1941. This statement is as follows: "ACADEMIC FREEDJM "(a) The teacher is ent itled to full freedom in research and in the publication o f the results, s ubiject to the adequate perfonnance of his other academic duties; but research for pecuniary return should be based upon a n understa nding with the authorities of the i nstitution. "(b) The teacher is entitled to freedom in the classroom in discus s ing his subject, but he should be careful not t t6 1.introduce into his teaching controversial 1118tter which has no r elation to his subject. Limitations of academic freedom b ecause of religious or other aims of the institution should be clea rly stated in writing at t he tim of t he appointment. e "(c) The colle ge or university te& cher is a citizen, a member of a learned profession, a nd an officer of an educational i nstitution. When he speaks or writes as a citi zen, he should be free from i nstitutional cens0rship or discipline, but hi s special position in the cornmuni ty imposes special obli ga tions. As a man of learning and an educational officer, he should remember that the public may judge his profession a nd his institution by his utterances. Hence he should at all times be accura ~ , should exercise app ropria te restraint, should show respect for the opinions of others, and should make every effort to indicate tha t he is not an i n stitutional spokesman. ACADEMIC TENURE "(a) Aft er the expiration o f a probationary period teachers or i nv e stigators should have permanent or cont i nuous tenure, a nd their services .should be terrnina ted only for a de qua te ca use, except in the case of retirement for age, or under e xtra ordina ry ci rc umstances because of f ina ncial exigencies. "In the i nterpre tatio n of this princi ple it is understood tha t the followi ng r epresents accept a ble a cademic practt ce: (1) The p recise t erms and conditions of every appointme nt should be stated in writing and be in the possession of both i nstitution and teacher before the appoi ntment i s consummated. 11 �181 2) Beginning with appointment to the rank of full-time instructor or a higher rank, the probatior~ry period should not exceed seven years, including within this period full-time service in all institutions of hie,her education; but subject to the proviso that when, after a term of probationsry service of more than three years in one or more institutions, a te&cher is called to ~nether institution it m8Y be agreed in writing that his new appointment is for a probatiorIB ry period of not more than four years, even thougb½thereby the person's total probationary period iB the academic profession is extended beyond the normal maximum of seven years. Notice should be given at least one year prior to the expiration of the probationary period, if the teacher is not to b e c ontinued in service after the expiration of thc t period. 11 ( "(3) Durine the proba tiomry period a teacher should have the academic freedom that all other m embers of the faculty h& ve. (4) Termination for cause of a continuous appointment, or the dismissal for ca u se of a teacher previous to the expiration of a term appointment shouilld,if pos s t ble, be considered by both a faculty committee and the governing board of the institution. In all cases where the facts are in di spute, the accused teacher should be informed before the hearing in 1 ti ng of t he charge a gainst him and should have the opportunity to be 1ITi heard in his own defence by all bodies that pass judgment upon his case. He should be permitted to have with him ari .adviser of his own choosing who may act as counsel. There should be a full stenographic rec ord of the hea ri ng a vailable to the parties concerned. In the hearing of charges of incompetence the testimony should include that of teachers a nd other scholars, either from his own or from other i nstitutions. Teachers on Qfdmtinuous appointment who are dismissed for reasons not involving m oral turpitude should receive their sa l a ri es for at 1 ea st a year from the date of notifies tion of dismissal whether or not they a re continued i n their d uties at the institution. 11 "(5) Termination of a continuous appointment because of financial eJX:igene;y should be demonstrably bona fide. 11 _JA• '"~ *The word '!. teacher" as used in this document is understood to include the investigator who is attached to a n academic institution without, duties 11 By a vote of ten to five the motion approving this statement on academic freedom and tenure as a basis for relatio nships with faculty members of Centre Colle ge was approved. On the recom ndatio n of President Groves, the f ollowing supplemental me para gra phs to this statement on academic freedom .a ~d tenure were approved on the understa nding that t hese cire for clarification only and in no way are to be interpreted- as s upplanting the original stateme nts or p r inciples, especially the entire section (a) on academic tenure. "Supplemental pa·ragraph 1. Duri ng the probatiornry period of a faculty member as explained in (a-c), in the eve nt either the c olle ge or t e faculty m ber wishes to termina te em t he i r exist ing agreement a t l east four months adva nce notice of such i nte ntion should be given in writing. L �182 "Supplemental paragraph 2 In the case of permanent members of the faculty, inasmuch as the college is asked to continue their salsry for at least a year from the date of notification of dismissal, such permanent faculty mem bers who may wish to terminate their s ervices shall be expected to give the college at lea st six months wr.±tten notice of such i ntentions. "Supplemental p.s ragraph 3 Any deviation from the time limits stipulated in supplemental para graphs one and two shall be made only after personal conference and the mutual consent of both the faculty member and the college. 11 Following action of t h e full meeting of the BOG1rd of Trustees on June 12, 1948, that the present regulations concerning the retirement age of faculty and staff be reconsidered, it was moved and carried that Article 2 of the annuity retirement plan for Centre College shall be amendea to read as follows: "That 65 years be fixed as the retirement a ge for members of Centre College faculty and staff a nd that all responsibility on the part of the college for payments on the a nnuity retireme nt plan shall cease when the mem ber reaches 65 years of a ge, but that with the consent of the individuals invol ved the Board of Truste es may c ontinue the term of service of faculty members and staff for one year a t a tim beyond the 65-year limit for as e ma ny as five years. In no case shall the period of service beyond. the 65th anniversary of a faculty or staff m ber be extended more than this em peri od of five years. The retirement of faculty members at 70 years of a ge is therefore, mandatory. n It was further voted that whether faculty or staff members shall be participants in the annuity retirement plan, the age of retirement i s nonetheless 65 years with the further provision that the period of service may be continued for an additional five-yea r period on the same conditions as those outlined for members who are participants in the annuity retirement plan. A letter from Dr. T. E. Cochra n, head of the Depa rtment of Education a nd Psychology, who reaches the retirement a ge at the close of the present academic year, ws read in which Dr. Cochran requested permission to continue in the service of the college for another three years without any responsibility on the part of the college for his participation in the teachers' retirement plan. It was moved and carried that on the basis of Dr. Cochra n 's past service and prese nt useful ness a nd also in view of the need for his s e rvices at this time i n his departme nt and further on the basis of the previous action taken with reeard to faculty retirement the president be i nstructed to invite Dr. Cochran to continue as the head of the Department of Education and Psychology for one more year. �183 President Groves Il'l8 de a report on the estimates from M A • W. wa.lker r. for the construction of a new fraternity house in accordance with the plans sketched by the firm of N evin and M organ of October 15, 1948. The minimum cost to the college on the basis of these estimates for this construction would be more than $46,ooo, which would not include costs for the complete grading around the house, costs for lighting fixtures in the rooms to be furnished by the fraternity, nor any of the furnishings for which the fraternity would be responsible. Therefore, in view of the fact that the estimated costs are well beyond the $45,000 limit stipulated by the Board of Trustees in their action of June 12, 1948, and also in view of the fact that the b uilding contemplated by t.r1e plans already restricted to meet inflationary co· ts is in mBny respects inadequate for the purposes in mind s it was voted to notify the.fratennities that the trustees have had to decide reluctantly to postpone indefinitely the building of any new fraternity houses. On motion of Mr. Lo gan Caldwell it was voted to sell the one-half interest of the college in the Evans property, a three-story building located on the south side of Main Street between Fourth and Fifth which is owned jointly by Centre College of Kentucky and Mrs. Imogene Holmes Lyle, and th8 t M ~elson D. Rodes be empowered to complete this transaction for the r. college in the best mBnner possible. W ith regard to the construction of the physical education building, it was voted that M N r. evin be requested to obtain bids for the partial construction of the physical education building up to a limit of $150,000, the hope being that it would be possible within this limit to construct the foundations, outside walls, and roof. It was further voted to continue with the financial campaign for the construction of this building, not only to complete the amount needed for the expenditure of $il50, 000, but also for the tota 1 amount needed t o complete the building, the co nstruction of which is to pro.ceed as rapidly as the money can be raised in cash -and pledges. The idea of these actions therefore is that construction shall oro ceed without the necessity of borrowing money by the college. I t Wes further voted tha t the Board of Trustees of Centre College announce that the construction of t he gymnasium &nd auditorium proper will proceed at the e&rliest possible date. In explanation of the delay in construction to date, it was voted further to announce that bids for the total construction have been so high that the funds available were not sufficient to warrant the Board i n going ahead with the building as planned. Therefore, the plans are being revised to eliminate some of the more costly features not immediately necessary until additional funds are available. President Groves reported estimates for lighting required for the chapel i n Old M ain totaled approximately it2,086.47. In view of the fact that ther e is no possibility of such an expenditure in this year's budget it was voted that this item be postponed until next year for rec onsideration at the tim t hat the b udget is in process of being made. e President Groves also re ported estimates on two pla ns for the installation of a fire exca pe for the chapel i n Old Ma i n, one totaling $1188 .57, a nd t he second $1474.48. I n view of t he fact thci t the additional fire escape has not been required by the state fire marshal and also because of the lack of funds i n this year I s budget it wr, s voted that this i t ern be postponed and be rec onsidered at the time that the budg et for 1949-50 is bei ng drawn up. �184 On recommendation of President Groves, it was voted that the cost of the installation of the additional stacks for the college library already a uthoriz ed by the Executive Committee be spread over 8 period of five years to be charged a gainst the operating budget of the college during th<', t period. t.: It m;s voted that the matter of the repairs on the Frye House occupied by the DKE Fraternity be referred to the committee on fraterni ties of the trustees cind a committee appointed by the fraternity with view fo seeing whether or not the fraternity is ready to take care of these additional costs in line with the alternate fraternity house plan approved October 15, 1948. President Groves reported arrival of the final plans of the topographical survey drawn up by Olmsted Brothers, and in view of the fact that the 'lork of Olmsted Brothers is now complete, it WoS voted that the balance of $218.19 due them for their survey be paid and charged to Centre's Forward Program. The question was raised as to whether or no the college carried sufficient indemnity insurance. President Groves was requested to investigate the matter. In thli:s same connection President Groves reported correspondence with several individuals with a view to recommendi ng a firm of professior~l appraisers to reappraise all col lege property for purposes of adequate i nsurance i n line with the recent recommendation of the college audit on this matter. On the recornmenda tio n of M Logan Caldwell it was voted that Presir. dent Cowan appoint a trustees I com..'Ili t tee on athletics which would be responsible for making recommendations on all policy matters that concern the athletic program of the college and who also would interpret t he policies of the college in this regard to its friends. President Cowan appointed on this committee Mr. John Vam·,7Winkle, .r, • M Howard Va n r. Antwerp, Jr., Mr. Lawrence Hager, Mr. George A. Joplin, Jr., Mr. Lo gan Caldwell, and N..r. Samuel V. Noe, At the re1uest of the corrnnittee, made later, M Logan Caldwell was made chairman. r. With re gard to the question of the mme r, for the women's college it was voted that in accordance with the action of June 12, 1948, the women ' s colle ge be known as "Centre Coll eg e, Women I s Division, 11 for publicity purposes, a nd that similarly the men I s college be known simply as "Centre College." All diplomas shall read "Centre College of Kentucky . 11 It was voted t ha t t h e next full meeti ng of the Board of Trustees be at 10 a. m. CST, June 11, 1949, in the pre sident's office. The meeting adj ourned. George A. Joplin Secretary p ro tern �185 Meeting of the Executive Committee November 20, 1948 The meeting was called to order by the chairman, Mr. Nelson D. Rodes. Prayer was offered by Mr . l>!elson D. Rodes. Present were M Sam B. Jones, Mr. Elbert G. Sutcliffe, M Nelson D. r. r. Rodes, Mr . Logan Caldwell, M Ike Lanier, and President Groves. r. On motion it was voted to dispense with the reading of the minutes of the October 15 meeting of the Executive Committee and to approve these minutes as circulated. Mr . Elbert Sutcliffe reported the meeting of the trustees' Committee on the Physd:ea l Education Building of N ovember 15, 1948. It was moved and carried that the recommendation of the Committee on the Physical Education Building that the contract be signed with Rommel a nd Company for the co nstruction of the building on the understB nding that Rommel and Company be a uthorized at present Jf5or only the construction of project one, which mea ns excavation, foundation work, bearing wa lls ." n basement, and f i rst flo ur slab, totaling $89,600.00, a n.d pfo ject:, two:; ·whi~h rheafus the furnishing and erection of the rema tnder of the structural steel not included in item number one, totaling $29,669.00, construction of tunnels and concre te floor of the basement, totaling anr'additional $8,000.00, and the i nstallation of conduits, electric wiri ng, etc., in the concrete slab of the first floor of the building mentio ned in project number one, totali ng t J ,300.00 as per the letter of November 16 to Nevin and M organ from the Hignight Electric Company on this subject, be approved. Following a discussion of whether there should be ground-breaking ceremonies or corner stone-laying ceremonies, it was moved and carried that the ground-breaking ceremonies be dispensed with and that a re gular cerem ony for the cornerstone-laying be arranged at a later, suitable date. It was moved a nd ca r ried that all colle ge i nsurance be revised to meet present replacement costs and that binders on our insurance policy for sixty days be placed immediately on building 9 , etc., where present insurance is obviously too little. Concerni ng the indemnity insura nee carried by the college, it was m oved and carried that the business mana ger be asked to invest iga te practices in similar institutions a nd that he be authorized, if investigation proves i t w-l se, to raise the lim of this i ndemni t y policy to it at lea st $30,000.00. On the recommendation of M Sutcliffe a nd M Caldwell, as members r. r. of the trustees' Committee on Fraternities, it was moved and carried that t he limit on the alternate fraternity house plan be raised from $25,000.00 to $30,000.00, wit.., t he responsibility of the colle ge lim ited to ~pl8,ooo.oo, the c ollege t o funnish dormitory quarters, etc., in accorda n e with the original plans. President Groves was instructed to notify all the fraternities of this change. L �~ 186 •::.,,,,' ,.,...., ~ t.:::, (") President Groves read a letter from the Kentucky Kappa Chapter of SigID8 Alpha Epsilon, in which they si gnified their desire to accept the alternate pla n on fraternity hous es, approved by the Board of Trustees on October 15, 1948. President Groves read a letter from the Centre College Chap t er of the Association of American University Profess ors requesting an increase in salary. It was moved and carried that the President be a uthorized to reply to this letter stating tha t there is no possibility for increases in fac ,Jlty salaries or for any bonuses during the present academic year. The Executive Committee noted the omission from the report of the Committee on Honorary Degrees of the vote of the full Board granting the honorary degr r,e of doctor of laws to Judge Kendrick s. Alcorn, the ho norary degree of doctor of divinity to Andrew K. Rule, a nd the honorary degree of doctor of divinity to M Wilbur La Roe, Jr. The President was r. i nstructed to include this written action in the final offici al copy of the minutes of the full Board of N ovember 5, 1948. The president was also i nstructed to include the name of Dr. Frank H. Caldwell as a signer of the report from the Committee on Honorary Degrees ma de to the full Boa rd of N ovember 5, 1948. President Groves read a letter of tha nks from M W r. ilbur La Roe for the granting of the honorary degree. Adjournment. Elbert G. Sutcl iffe Secretary pro tern Meeting of the Executive Committee December 17, 1948 The Executive Committee was called to order by the chairman, M Nelson r. D. Rodes, at 2:15 p.m. in the president's office. Prayer was offered by M N r. elson D. Rodes. Present were M Logan Caldwell, M Lisle Bake r, M Sam Jo nes, Dr. r. r. r. J. Rice Cowan, secretary, M N r. elson Rodes, chairma n, and President Groves a nd Vice-president Stewart. The minutes of the meeting of N ovember 20, 1948, were approved as circulated. M Herbert A. M r. eyer, the business ma11Bger, was invited to attend the meeting, and he ma de a report on the opera tiona 1 budget of the college as well as the operations of the cafeteria on the men's campus and the dining ha 11 on the women I s campus. The situation in the operational budge t was reported as s&tisfactory. Attention was called to the fact that there is �187 still a deficit i n t e operation of the cafeteria on the men's campus with a total deficitto date of $2 ,948.07. M M r. eyer and President Groves reported the steps which are being taken to correctthis situation. Mention was J'll8 de of the very satisfactory operation in the dining ha 11 on the women I s campus, which shows to date a n operational credit of $2,275 .65. It was moved and carried that the reports of the business manager be received and approved. A report from Mr. R. L. M yers concerning the Alumni Fund was presented by President Groves. This report contained the following information: "Year 1945-46 Number of Contrib utors to Dec. 15 lo60 Paid and Pledged Remarks *$10,277.00 1946-47 862 ~Hf- 9,914.25 1947-48 562 .'WL." I \ , \ I\ 9,623.75 (No Class Managers) 1948-49 371 .,f__\f 'l.l_,)f.. 7,167.00 (No Class Managers) ➔} '' ''"'' Includes gift of Owsley Brown X1 98 to the college and cle.s red through the Alumni Fund, paid to Centre College. (Owsley Brown gifts referred to, $2,500 each) - -:H} - Includes similar gift of Owsley Brown handled as above. -:HH~ - Includes gift of Owsley Brown to the Alumni Fund and used toward purchase of busine ss machi nes for the Department of Economics a nd Business Administration, an Alumni Fund objective. ➔HHH~ - Includes Owsley Brown gift of $2500 to Alumni Fund. Paid to Centre College to apply on Recreational Bldg., an-.'Alumni Fund objective." "R. L. Myers. 11 (si gned) President Groves presented a recommendation concerning entrance fees. This recommendation was as follows: (1) That the present deposit of $25.00 due from all students be abolished. (2) That new students only be required to pay a n application fee of $5 at the time of the filing of their application with the understanding that this fee shall not be returned nor credited to ac counts under any circumstances. (3) That new students, upon the approval of their a pplication, be notified that they should pay $100 four weeks from the date of notification, which payment will be the first on their general fe es . Such ne s tude nts shall pay the balance of their fees on September 1 a nd January ~0. These recommendatio ns were approved. L �188 ""Tj 0 () President Groves read a report from the faculty library committee containing the following recommendations; "I. That the Head Librarian should be given the faculty rank of Associate Professor, and that the Librarian's name should be included among the names of the faculty members in the college ca ta log. "II. That the Librarian and the assista nt librarians should be given the separate classification, Library Staff, i n the college catalog and should not be listed under Administration. "III. That some adjustment should be mc,de in re gard to vacations. Since the A • L. A • recommendation, as well as the recornmenda tion of the good Library schools, is for a basic starting salary of $2800, it will be di fficult to attract the best type of librarian to Centre College at a ne $2100 salary, without added inducements. O such inducement would be a liberal vacation schedule. Therefore, the Library Committee recommends a vacation schedule of approximately six weeks, oS follows: A. Three weeks vacations to be arranged during the summer, so that the library will be opeh during all the summer, with at least part of the staff. B. The Thanksgiving Holidays C. One week during the Christmas Holidays D. One week during the Sp ring or E.a ster Holidays. This vacation schedule is considered by the Library Committee to be fair to the library staff without interfering unda ly with the work in t he library. "IV. That M iss Kathleen M organ, the cataloger, be also appointed as Assistant to the Head Libraria n a nd given a sala r y of $2400. 00 a year with adequate raises as circumsta nces allow. The Committee feels that not only does M iss M organ deserve this increase, but the Committee fears that s he ma y accep t a better paying position elsewhere. This she could easily do. 11 These recommendations were approved. The following para gra ph was voted to be added t o the alterna te fraternity house plan as approved on October 15, 1948 : "The Board of Trustees has no intention of abolishi ng the original frater nity house plan first proposed in Aug ust, 1946, and amende d in April, 1948. Indeed, it is the hope t hat a 11 the fraternities will continue every effort so as to be prepa red to take adva ntage of that plan wihin the two-year time-limit stipulated by the trustees at their meeti ng in June, 1948. In short, as soon as it s eems advisable a nd as soon as building condidlions justify it, it is the hope that t his origi!l81 plan will be put into operation by all fraternities who do not now own their own houses. In short, whenever conditions ma ke it possible to build a house approved by both the Boa rd of Trustees a nd the frater nity concerned within the limited expenditure of $28 000 by the college and $17,000 by the frater nity with t he total limit of $4.5,000 a nd also in ac :::ord with the other stipulated conditions contai ned i n t he origi na l prop osal, the Boa rd of Trustees sta nds ready t o go ahead with t he project.'' �189 President Groves made the following announcement regarding the grant recently made to the colle ge for fac ulty research by the Carnegie Foundation for the Advancement of Teaching: "The Carnegie Foundation for the Adva ncement of Teachi ng has just announced th.st Centre Colle ge has been i ncluded i n its experimental program of grantsin-aid to improve undergraduate teaching. According to this announcement the Carnegie Foundation will provide $h,OOO per year for the next three years on t he condition that Centre College match this grant with an appropriation of $1,000 per year over the same period, the total $15,000 to be used to enable i ndividual faculty members of the college to carry on research projects of peculiar interest to them. At the present time some 32 universities and c olle ges in the South have been i ncluded in this program. In the larger plan four university ce nters have been selected, Atlanta, Nashville, N Orlea ns, and N ew orth Carolina, each associated with five or s i x colleges or universities in its area. Centre College is associated with t he N ashville center. Other participating colleges in t hl s center are Birmingham-Southern, Hendrix College, the University of the South, Sourthwestern at M emphis, ond Tra nsylvania Colle ge. "The purpose of the plan is to promote research and creative activity among faculty mem bers with a view to the improvement of teaching through all . appropriate means. :Each colle ge is in charge of its own program, which is under the supervision of a faculty committee. President Groves has appointed~n this committee Dean James H. Hewlett (chairman), Professor E. w. Cook (secretary), Dr. A.G. Vaughan, Dr. A. B. Come, and Dr. J. T. Richardson. "This fund may be used for research expenses such as the purchase of perma ne nt apparatus or equipment, the cost of consumable supplies and m terials, curre nt statistics, and o ther technical services~ ~he services a of research assista nts, publication expenses, expenses for field research or travel a nd library, mocrofilm, and similar expenses. "A number of details with re gard to the a dmi nistration of these funds will be wo rked out in the nea.r fut ure by the faculty committee. Presi dent Groves sud.1Dea n Hewlett atte11ded a dLmer meeting of the of ficers of the Carnegie Founds tion a nd t he representatives of t he participating colleges which was held rece ntly in M emphis, Tennessee, where rep orts were heard and plans made for t he c ontinua nce of this proj ect. All present a greed that in the promotion of this research pro gram the Carne gie Corporation i s m king an a i nvaluable contribution t o t he colle ges of the South." On the motion of Dr. J. R. Cowan, i t was voted that M rs. Nell Huston Allen ' s salary be increased to 1~27 00 a year, her new sala ry t o begin on Ja nua ry 1, 1949. Mrs. Allen ' s p resent salary is $2200 per year. President Groves reported that to date seventeen members of the full Boa rd of Trustee~ which .is a majority, ha d voted t o raise the limi t allowed for the partial construction of the physical education building fr om $150,000 to ~p200,000 in occordance with the request of the trustees ' Committee on this building . Thi s is a revis .i.on of the action of the trustees ta ken at t he i r meeti ng on N ovember 5, 1948. The meeti ng adj ourned. L �190 Appendix to minutes of December 17 1tl2-7-48 "President Walter A. Groves Centre College Danville, Kentucky "Dear Dr. Groves: "In response to your good letter of N ovember 12, I wish to thank you and also the various members of the Board of Trustees for the action tbken regarding the retirement age for members of the faculty and also for the action in regard to my contiriUB tion as head of the Deportment of Psychology and Education. "I hope though that I sha 11 be able to continue at Centre not simply for one more year but for five more years. If I a m permitted to remain on the faculty until I am seventy, I' assure you that I shall continue to work both co-operatively and industriously not only to mai ntain the present high standards and usefulness of the Colle ge but also to raise its standards and extend its usefulness whenever possible and desirable. "With highest regards and very best wishes, I am "Cordially yours, T. E. Cochran (signed) Head of the Depa rtment of Psychology a nd Education" Meeting of the Executive Committee January 21, 1949 The meeting was opened with prayer by President Groves. Present were Messrs. Jones, Caldwell, Van Winkle, Sutcliffe, Lanier, Wachs, Drs. Cowan, Miles, and Herrmann, and President Groves and Vice-president Stewart. In the absence of the chairman, Mr. Nelson Rodes , M Sam B. Jones r. acted as temporary chairman. Mr. Elbert Sutcliffe also acted as secretary pro tern since Dr. Cowan arrived after the meeting began. The minutes of the Executive Committee meeting of December were a pp roved a sprinted. 17, 1948, It was recommended that President Groves write a letter of sympathy to Mr. Fred W allis, who has recently undergone treatment at the Holmes Hospital in Cincinnati. I t was moved and carried that Dr. Cowan and Mr. Rodes be a committee to draw up resolutions on the death of Dean James Hovrell Hewlett. �191 Note was made of the fact that the college made provision for the retirement allowa nces of Dean Hewlett through assisting him with an a nnuity policy of the Teachers Insurance and Annuity Association from 1921 until the time of his death. However, it was moved and carried that in view of the long years of loyal and devoted service of Dr. Hewlett to the college that Mrs. Hewlett be paid the equivalent of four months ' salary to Dr. Hewlett from January through April, 1949. M Herbert M r. eyer made his rep ort as busi ness manager, pointing out the relatively satisfactory financ i al condition of the operating budget, though calling attention to the continued deficit in the operation of the cafeteria on the men's campus. It was moved and carried t'o accept the report. President Groves reported the vote on the recommendation for the payment of Dr. Stewart's salary with 19 trustees reporting in favor of the recommendation, one reporting ih the negative, and three not voting. Dr. Frank H. Caldwell, though voting in the affirmative, wrote a letter, which was read, making certain pertinent suggestions, and after the reading of the letter and furth er discussion, it was vote d that the position of Dr. Stewart as vice-president in charge of public relations be regarded as a permanent office of the college and therefore, that his salary and the expenses entailed by his work such as office expenses, expenses for travel, entertainment entailed in the performance of his work, mileage for the use of his a utomobile on college business, etc., all to be properly estimated i n advance, beginning July 1, 1949, be made a part of the regular operational budget of the college. However, since in the initial sta ge s of the discussion during the swnmer and early fall of 1948 Dr. Stewart's work was regarded ;; s cl continUB tion of the special campaign for funds for the physical education building, it was voted that his salary a nd expenses through June 30, 1949, be paid from funds raised for that campaign if the regular budget is unable to carry this item. A letter from Dean Earl C. Davis was read tendering his resi g nation from Centre College to take effect June 30, 1949 . After discussion it was voted to accept Dean D9vis 1 resignatio n with regret. Dr. Groves reported a discussio n with a faculty cornmi ttee composed of M essrs. Rush, Knott, Come, Aden, and M iss Cameron, as a result of which the unanimous recommendation was msde that Dr. Jameson M Jones, forme rly . head of the Department of Philosophy and Reli gion at Centre College and now occupying a simila r pbsition at the ~olytechnic Institute of Puerto Rico, be i nvited to Centre College as academic dean. Upon motion it w2. s moved a nd carried that Dr. Jones be invited to become the dean of Centre College. It Wc3 s further v oted that President Groves be authorized to fill the vacancies as early as possible in the offices of dean of men and also academic dean in the event that Dr. Jo ne s should not accept the position. President Groves reported a digest of the discussion of the Curriculum Committee with Professor Steere, head of the M usic Department, concerning the situation in th1'a t department. This Illfl tter is to be studied f iirther. L �192 President Groves reported the request of Professor Steere for a leave of absence for the second semester of 1949-50 in order to complete his vrork for his doctor's degree. It was moved and carried to grant Professor Steere I s request and to grant him also the equivalent of one-half his salary for the second semester of 1949-50, namely, $925. oo, for this period of his absence, tha t in addition the payments to the TIAA be co ntinued at the rate of 5% of M Steere I s annual salary, namely, $12 .33 r. per month, on t he condition t hat M Steere continue similc r payments, a nd r. that both sala ry and Ttat payments be made on the condition that M Steere r. return to Centre College upon the completion of this leave of abse nce in September, 1950. It was further yoted that the trustees record their approval and commendation of the fine work that Mr. Steere is doing in the Department of Music at Centre College. President Groves reported a request for a leave of absence to complete the work for his doctor's degree from M John Aden of the Department r. of English. It was recommended th&t Mr. Aden be granted this leave of absence for the ye& r 1949-50 without pay, that he be commended for the fine work that he has done at Centre Colle~e, and tha t he be encouraged to . return to Centre College a s a permanent member of the faculty upon the completion of his graduate study. In accordance with an arrangement made with Mr. W est T. Hill of the Department of English by President Groves more than a year ago, it was voted that Mr. Hill be granted a leave of absence for 1949-59 without salary to complete his work for the doctor's degree, that the trustees record their appreciation of M Hill's good work at Centre Colle r;e, and r. that he b e encouraged to return as a permanent member of the faculty of Centre Colle ge upon the completion of his G raduate study. In accordance with an arrangement 111B de with M Young of the Departr. ment of History- and Political Science by President Groves more than a year ago, it was voted that Mr. Young be granted a leave of absence for 1949-50 without salary to complete his work for the doctor's de _;; ree, that the trustees record their appreciation of Mr. Young's good work at Centre College, a nd t ha t he be e ncouraged to return oS a permanent member of the faculty of Centre College upon the completion of his gra duate study. Mr. Jack Kellam, instructor in art, came to Centre College w ith the understanding th&t he would wish to leave after two years to complete his graduate study for the doctor's degree. It vra s therefore voted on the request of Mr. Kellam th&t he be granted a leave of absence without salary in order to complete his work for the doctor's de gree, that the trustees record their approval of Mr. Kellam's fine work at Centre Colle ge, and that he be encoura ged to return after the completion of his gr&duate work as a perrna nent member of the faculty. President Groves m ade a report on the work of Mr. Yingling in the Department of Biology f rom Professor Cook. On the basis of that report it was voted that M Mingling be notified that his services at Centre r. College are to be terrnina ted as of t he end of the present academic year and that he be pa id his full twleve months I sala ry of $2900 for his servi ces duri ng the present academic yea r. ,- , �193 . President Groves recommended that Dr. Charles T. Hazelrigg, assistant professor in the Depa rtment of English, be promoted to the ra nk of associate profe ssor a nd t hat he also be m ade head of the Department of English with an i ncrease in salary of $400.00 per year, making his salary $3600.00, both promotion in rank a nd increase in salary to take effect as of January 1, 1949. President Groves reported t he i nvitation to Dr. m·,rdin Craig, graduate of Centre College of the class of 1897, who has been head of the Department of English at Stanford University a nd recently at the University of North Carolina, to be a visiting professor at Centre College for the year 1949-50. The trustees voted their approval of this tnv.itati on. In view of the work that Dr. E. w Cook, head of the Department of . Biology, is doing in the dean's office as acting academic dean, it was voted that he be paid a bo nus of $200.00 for the second s emester of the present year for this work. President Groves reported some necessary changes in the regism·r's office and that to fill the vacancy M rs. M argoret Oliphant, wife of Mr. Olipha nt, assistant professor in the Department of Physical Education, had been invited to act as assistant registra r, a position for which she is thoroughly capable. It was voted to em ploy Mrs. Oliphant until such time as a permane nt person for this position can be found. President Groves read a letter .from Mr. A. M. Judd of Nevin and M organ stating that there would be some credit due to the college on the contract with Rommel and Company for the physical education building becau se of the elimination of the coal storage room adjacent to the existing boiler room included in the original pl ans and estimates. President Groves made a statement concerning his visit January 9-15 to Roa noke, N York, a nd W ew ashington. President Groves made a brie.f statement concerning the Forward Program, pointing out that nine members of the Board of Trustees had not yet made their contribution and expressed the hope that this additional assista nce would be f orthcoming in the near future as money for the erection of t he building was needed. Vi ce-president Ste,'l'Brt made a fine statement of the work that he has done thus f ar and of plans for the continuation of his work a s public relations officer. The trustees commended Dr. Stewart for t he good begi nni ng which he has made. It wa s recommended that Dr. Stewart be allowed a mileage r a te of eight ce nts per mile f or the use of his autom obile i n connection with college work a nd that the r a te be fixed at either eight cents per mile or seven cents per mile in the case of others using their automobiles on college busi ness, the diff erent rates to be determ ned i n the business ma .ru:;ger 1 s office. i L �194 (0 On the recommendation of the faculty committee on sbholarships and grants-in-aid it was voted that two scholarships in the amount of room rent to two foreign students among displa.ced persons be granted for the year 1949-50 on the understanding that the faculty cormni ttee will make available from their budget two full tuitio n scholarships for such students. President Groves reported a letter from Mr. Howard Van Antwerp, Jr., chairman of the trustees' committee on honorary degrees, pointing out that the committee would need to have recommendations for honorary degrees to be granted at the coming commencement in June not later than Febrl:lBry 12, 1949. Adjournment. Elbert G. Sutcliffe Secretary pro tern M eeting of the Executive Committee February 18, 1949 The meeting was opened with prayer by President Groves. Members presentt were M Nelson Rodes, chairman, M S. B. Jone s, r. r. Dr. J. R. Cowan, M Ike Lanier, and Mr. John Va n W r. inkle, a nd also present were President Groves and Vice-president Stewatt. (Since there was not a quorum present, the following actions are not official until approved at a regul&r meeting of the Executive Committee.) The minutes of the Executive Committee meeting of January 21, 1949, were read and approved with certain additions. Dr. Cowan and Mr. Rodes made the report for the special committee on resolutions on the death of Dr. James H. Hewlett. The following r esolution was read, and it was voted to spread this r esolution upon the minutes and also to send a copy to Mrs. James H. Hewlett and to the newspapers. Resolution Many men have served on Centre's faculty in the past century and a quarter, but only a . relatively srr~ll number of them become distinctive as great Centre professors. No such list could omit the names of Young, Beatty, Fales, Cheek, Redd, Rainey, Porter, and riow Hewlett. The Board of Trustees of Centre record the great loss that Centre has sustained in the death of Dean James H. Hewlett; we cherish his memory as an able college administrator and teacher and frie nd of many generations of Centre students. W extend to his family our e sincere sympathy. N elson D. Rodes J. R. Cowan ( siened) r. ent of certain funds of the colle ge M Rodes reported the investm in a property owned by M iss Georgia Anderson. The terms are as follows: �195 The contract is dated February 11, 1949, between Georgia Anderson, spinster, 70 years of age, and Centre College of Kentucky. Miss Anderson, conveyed the absolute fee simple title to the real estate N 503-505 Grant Street in Danville, Kentucky, to Centre College o. on condition that the college assume payment of a $5,000.00 mortgage on the property a nd on the further condition that the college pay the i nterest that is past due on the m ortgage, which is about ei ght months' interest. The college agreed that Miss Anderson occupy the 'ba la nee of her life the we st apartment on the second floor or so long as she is able to supervise the apartment house for the college. The college will collect the rent, and the contra ct further provides: "This contract does further evidence the intention, which is the obligation of Centre College to make Georgia Anderson a monthly payment, not to exceed $40.00, out of the rentals collected from the apartment house and said Georgia Anderson will, out of such monthly payment, pay all bills for electricity, gas, water, and telephone used in the apartment house so that Centre College shall have no service bills of any kind at the apartment house. The idea of such monthly payment is to provide Georgia Anderson with money to buy groceries and to pay further utilities of the house." The Executive Cammi t tee voted its a pprova 1 of this inve strnent by Mr. Rodes. Mr. H. A. M eyer made a report on the current operations of the college, pointing out that though the operating loss as of January 31, 1949, is $21,530.45, there is every prospect thatthe college will be able to operate within the budget for the current fiscal year. However, this observation does not take into consideration, according to M M r. eyer, the additional expendtirues for the installation of library stacks and i ncreases in insurance policies, items approved by the Board of Trustees, even though they were not included in the original :operational budget. It was moved and carried to accept the report. President Groves read a r eport of the balance in the financial campaign fund conducted by Dr. R. J. McM ullen several years a go, which shows a cash balance in the bank of $3100.39, with unpaid obli gations against the fund of $6,350.00. It was further pointed out that the endowment funds of the college owe this campaign fund for 200 shares of Reynolds M etals common stock, t he gift of Dr. R. J. McM ullen toward this financial campaign. It was therefo r e voted that the treasurer of the college endov,nnent fund pay this financial campaign fund the current market price for these 200 shares of Reynolds M etals stock, that the obligations of the fund totaling $6,350.00 as follows be paid, and that the cash balance in this financial campaign fund be paid into the Centre College Forward Program, thus closing out t his old campaign fund. The list of obligations referred to in the above is as follows: 1. For Reed-Cheek Chair of Classical Langua ges given by cM Dr. Robt. J. M ullen 2. For William R. Laird Foundation given by Dr. illiam R. Laird W 3. Justice J. S. McReynolds Prize Funds 4. For Redd-Cheek Chair of Classical Langua ges given by M E. L. Pearce r. 5. For Delta Kappa Epsilon Fraternity House Fund given by Dr. Robt. J. M ullen cM ~~2,000. 00 1,850.00 1,000.00 1, 000.00 500.90 6,350.00 �196 (.CJ "Tj 0 () President Groves reported on several items that hav e arisen in c onnection with the construction of the new physical education building . (a) The saving on t he initial contract due to the elimination of the coal storage space was reported from the contractors as $1,595.00. (b) After bids had been received for hardware from five or six local firms, nonetheless the low bidder was the Pelknap Company of Louisville, which therefore, was awarded the contra ct by the contractors. (c) Though a local firm composed of seve n former Centre College students and al-g.mni had matched the low bid for concrete blocks, yet the blocks being judged definitely inferior, the contra ct was awarded by the contractors to the firm in Lebanon, Kentucky, which was the original low bidder. President Groves reported on the negotiations with t he city authorities on the question of whether the college would be permitted to purchase the house at 216 Maple Avenue to be used by the Beta Theta Pi Fraternity. The report of the chairma n of the Pla nning and Zoning Connnission of the City of Danville is that according to the zoning regulations in operation since the fall of 1947 houses in this area are usable only as one or two-family residences, though the regula tions do not affect those dwellings in this area used for other purposes prior to the inauguration of zoning regulations; and therefore, any purcha ser of any property ih this area will be required to comply with the rules and regulations of the Planning and Zoning Commission. N. B. (Since this meeting a written report has been received stating that the use of 216 M aple Avenue as a fraternity house would not be considered as being within the regulations of the Planning and Zoning Commission. ) In the course of the correspondence on this 1118tter with the city officials, attention was called to the fact that the city zoning m ap shows the Centre College president I s home as zoned a nd included as a Residence "A 11 d~strict. It was the refore ~voted that the trustees petition the Planning and Zoning Commission to change the zoning of the city so as to i nclude the president I s home and its adjoining property on the north side of M ain Street and the west side of M aple Avenue wi thin Zone B along with all the rest of the colle ge campus in order that the college be free to use the grounds behind the president's home for frater nity houses. In compliance with a request from the Sigma Alpha Epsilon Fraternity l!Sking for approval of the house at 143 North Fifth Street for purchase and use by the f raternity , it was voted that the Committee on Buildings and Grounds mnspect this house at the earliest possible date with authority to make recommendations to the Executive Connnittee. It should b e note d that 143 North Fifth Street i s within Zone 11 B11 of the city, .snd thus "dormitories" will be permitted in this area. President Groves made a further report of the acceptance of Dr. Jameson M Jones of the invitc. tion to become academic dea n of the col le ge beginning . September 1, 1949, and on recommendation it was voted that his salary be $.5,000.00 per year, this salary to be for the calendar year, a nd that Dr. Jones be permitted one full month's vacstion in the course of the year. �197 President Groves reported further conversations with M Ja ck B. r. Kellam, instructor in art, concerning his re 1uest for a leave of abse nce approved by the Executive Committee on Ja nuary 21, 1949, and .Mr. Kellam having a greed to postpone his leave for further study for at least one more year, it was voted to rescind t his action of January 21. It was further moved a nd carried t hat M Jack B. Kellam be promoted to the rank of r. assista nt profes sor, this new rank to become effective as of July_l, 1949. , President Groves reported further conferences with Professor Steere of the Departme nt of M usic concerning his leave of abse nce for the second semester of 1949-50, and by mutua l agreeme nt it was dec ided that Professor Steere should serve the college for at l east three years following t his leave with the idea th8t any financial responsibilities be limited to t h e salary and TIAA allowances paid by the college for the time of .l:'rofessor Steere's leave, and that they be co nsidered as paid off in full at t he e nd of the three-year period or proportionately at the end of a shorter period. President Groves made a report on his trip to Houston, Texas, Febr1.1.ory 14, 1949, a nd of the i nterview with the Honorable Jesse H. Jones, and the trustees of the Houston Endovvments, Inc., which is supported by M and Mrs. Jones. M Jones, as well as the two trustees interviewed, r. r. M M r. ilton A. Backland a nd M M r. ilton Farthing, gave the assurance that while t he corporation could not make a grant to Centre College at the present time, yet the colle ge was definitely on the list of the corp oration for a gra nt i n the f uture. President Groves reported the forma tion of a dormitory council committee which, it is hoped, would serve to improve the operation and ge neral conduct in the dormitories on the men's ca mpus. Adjournment. Ike La nier Secretary pro tern Special Meeting of the Executive Committee M arch 12 , 1949 Dr. J. R. Cowan presided as chairman of the meeting. Dr. Jess e Herrmann opened the meeting with prayer. Those present were Messrs. Ike La nier, Lo gan Caldwell, Sam Jones, John Va n W inkle, Fred B. W achs, Dr. Jesse Herrrnarm, and Dr. J. R. Cowan. Also present were the following members of the Board of Trustees: Dr. Frank Caldwell, M Howard Van Antwerp, Jr., M Samuel V. N r. r. oe, a nd M r. George Joplin. Al so present were Presideut Groves and Vice-president Stewart. L / �198 co It was moved and carried that the acting chairman, Dr. Cowan, appoint a committee to draw up resolutions in regard to Mr. Nelson D. Rpdes, dedea sed, treasurer and chairman of the Executive Comrni ttee of the Board of Trustees. Dr. Cowan appointed Dr. Jesse H. Herrmann and Mr. Logan Caldwell. It was moved and carried that M Logan Caldwell be elected treasurer r. pro tempore of the Board, and in this connection the following resolution was voted: "Resolved, that Logan Caldwell be named Treasurer Pro-Tern of Centre College of Kentucky, with full authority to execute, sign and countersign any and all checks, contracts, deeds, notes or oth er papers necessary to be executed for and on behalf of Centre College of Kentucky; to sell assign and transfer certificates representing stocks, bonds, or other securities owned by Centre College of Ke ntucky, and to perform any and all other duties pertaining to the Office of Treasurer of Centre College of Kentucky heretofore exercised or hereinafter necessary to be exercised. 11 The above action is taken by the Executive Committee in accordance with paragraph 4, article 6 of the "Charter and Agreement for Consolidation of Centre College of Kentucky and Kentucky College for V fomen under the Name of I Centre College of Kentucky' • 11 "The Executive Committee shall have all the powers of the BoBrd of Trustees in the interim when the Boa rd is not in session. Five shall constitute a quorum of the Executive Committee." It was moved and carried that Mr. Logan Caldwell be permitted to secure any legal or other services which he may desire in order to enable him to carry out the functio ns of t he treasurer of the college. Adjournment. John Van Winkle Secretary pro tern eeting of the Executive Committee M March 18, 1949 The meeting -was called to order by the acti ng chainnan, Dr. J • R • Cowan. Prayer Wos offered by Dr. Robert M iles. The following members were present: Dr. J. R. Cowan, Me ssrs. Logan Caldwell, Jones, M cRoberts, Lanier, and Dr. M iles , c:1nd President Groves and Vice-President Stewart. It ms moved and carried tha t Dr. J. R. Cowan be elected chairman of t he Executive Committee. His election was unanimous. The minutes of the meeting of February 18 were approved as printed. The minutes of the special meeting of the Executiye Committee of March 12 were approved as read. �199 . It was recommended that the special committee on audit, consisting of M Lisle Baker, Jr. chairman, Dr. Frank Cald:ffell, M Hugh Nevin, with r. r. the addition of M Logan Caldwell as treasurer pro tern, continue the r. study of the best manner of handling the securities of the college and that this committee be specially instructed to see that the recommendations of the college auditors for the year 1948 be carried out. It was moved and carried that Dr. J. R. Cmran, Mr . Elbert Sutcliffe, and M Ike Lanier be r. made associates with M Logan Caldwell in the performance of the duties of r. college treasurer. It Wc\s moved a nd carried that the recommendations contained in the letter of Mr. John Barnes of Ma rch 14, 1949, of New York City, which followed a conference in New York of Mr. Nel son Rodes and M George Lee with regard r. to some immediate changes in college securities, be followed. The business manager, Mr. H. A. Meyer, made hi,s monthly report concerning the financial operation of the college, pointing out that the operating gain of $85,504.18 is approximately $20,000.00 less than the operating gain of this date a year ago. However, Mr. M eyer reports that i ncome and expenditures to date are in line vd th the budget so that there is every expectation that the year will be closed without a defi cit except in items such as increase d insu.ra nee and library installations not taken care of by the origirol budget. It was moved and carried that the report be received and the business manager b e commended for the clarity of it. Mr . Logan Caldwell reported for the special committee the following memorial minute on the death of Mr. Nelson D. Rodes. 11 A MEMORIAL M INUTE "Since the last meeting of the Executive Committee of the Board of Trustees of Centre College, we ha'Ve lost by death the Chairman of our Committee and the treasurer of Centre College. Stunned by a profound sense of less and yet sustained by the legacy of such a priceless memory, 1iv-e would inscribe on our records the following minute: "W esteemed and loved Nelson Rodes for e character, for his warm friendship, for and his church, and, in particul&r, for Mater which ,t,;Ie served with an uttermost the i ntegrity of his his devotion to his family his loyalty to his Alma consecration. "Therefore Be it Resolved that we spread this minute on our record, and th&t a copy be sent to Mrs. Nelson D. Rodes. "And Be it Further Resolved that the Chairma n of the Boa rd of Trustees b~ requested to appoint a Committee, of shich he shall be Chairman, to draw up a more extendect memorial minute, to be presented to the Boa rd of Trustees at their June meeting. "Logan Caldwell Jesse Herrmann 11 (signed) It was voted to receive this report a nd to spread the resolution upon the minutes of the Executive Committee and that a copy be sent to M rs. Nelson D. Rodes. L �200 The report of Mr. Hovrard Van Antwerp, Jr., as chairman of the trustees' Committee on Honorary Degrees, was read and the report was approved, and it was voted to recommend to the Board of Trustees for a pproval by mail the following: Honorary degrees to be granted June, 1949: If Vice-President Alben W. Barkley makes the commencement address, a degree has heretofore been voted him and only remains to be aWBrded. In the event the commencement speaker is M H. Roe Bartle of Kansas r. City, he is recommended for the degree of doctor of laws. For the doctor of divinity degree Reverend Eugene Fela nd Smathers of Big Lict,Cumberland County, Tennessee. For doctor of laws Judge Ida. May Adams of Los Angeles , Califronia, of the class of 1899. Honorary degrees for fall, 1949: For the 1949 fall commencement exercise we recommend Reverend w . Russell Gilmore for a doctor of divinity degree and Dr. Edward Mack, Jr., for a doctor of science. If the two r e commend.a tions made for the fall commencement are approved by vote of the Boar9-, it is ·:-:our-..sdggesl.ibn , hat t they be notified that the degree has been voted and the award will be made at the fall commencement. W recognize that it may be necessary to e make other recommend.a tions for the fall commencement, but it is our hope to have t ,1ese ready by the June meeting, at which time the vote can be ta ken by the Boa rd. It was moved and carried that the bid of M A. W Walker totaling r. . ~9, 799.00 for the installation of the new steel book shelves and the P renovation connected with this installation be approved and that Mr. A. Walker be authorized to begin work on this job as soon as possible. w . The report of the Buildings and Grounds Committee of February 23 , 1949, recommending that the Executive Connnittee approve the purchase of the house at 143 N orth Fifth Street in accorda nce with the request of the Sigma Alpha Epsilon Fraternity at an approximate price of from $20,000.00 to $22,000 . 00 was received a nd approved. It was further moved and carried thdt the college purchase the house at a price not to exceed $20,000.00, $12,000.00 to be paid by the college and $8,000.00 to be paid by the Sigma Alpha ½silon Fraternity . In thi'S connection t he plan as outlined in the letter of Kentucky Kappa of- Sigma Alpha Epsilon of March 16 was approved on the condition the fraternity be involved for not more than $8,000.00 and the college for not more than $12,000.00, totaling $20,000.00, for the purchase of the house. The plan as contained in the letter and as approved with the modification already i ndicated is described in the following p2, ra graphs taken from the fraternity1 s letter of March 16: �201 "The plan we ha ve in mind is as follows. The house we hope to buy is now owned by M Henry Hankla; if you approve our plan he will excha nge r. the house for one on Maple Avenue owned now by M Frank M M r. . edaris and M r. M ris will dea 1 with us. eda "Upon your approval of the arrangement, Mr. M edaris will give us a JO-day option for the house at 143 N orth Fift.~ Street for $ 21,500.00. This will give us the necessary time to raise our part of the purchase price, two-fifths, or $8,600.00. We understa nd that if the purchase has your approval, you will contribute $12,900. 00 and will take title to the property. "M M ris has a greed that if, at the time for the exercise of the r. eda option, we have not been able to raise as much as $8,600.00, he will accept our promissory note for the difference (not to exceed, however, ~~6,000.00) bea ring four per cent interest, and upon payment of the amount of money we hav;e received, plus the execution of delivery of our promissory note accordingly, plus the payment of your portion of the purchase pr· , he will make a deed conveying the property to you free of any and all liens. "In other words, if we are not able, within the JOdays time, to raise $8,600.00 but we can raise as much as $2,600.00, the owner will go along and complete the conveyance, extending to us credit for $6,000.00 without retaining a lien on the property. The conveya nee to you would be in fee sim ple; our obligation to Mr . M edaris on the note would be a m atter in which neither you nor the property would be i nvolved. "W add that the active chapter is not ha ndling the fina ncial or e business pa rt of this tra nsaction; the actual busi ness will be t:rransacted by the alumni whose names appear on t his letterhead." It was moved and carried that the president and the business mana ger be authorized to determine rentals for dormitories and for fraternity houses. However, it WoS also vote d that the question of whether or not fraternities occupying houses owned by the college should pay in addition to the room re nts charged to mem ers living in the house a rent for the use of the b dmnstairs rooms, that i s, the social a nd meeti ng rooms of the fraternity, b e referred to the trustees' Committee on Fraternities for further s t udy. President Groves reported on his conf erence with M R. L. M r. yers with regard to changes in M M r. yers I work in order to ena ble him to assume entire charge of the work of studen t promotion. President Groves read. the letter written to M M r. yers following t h is conference together with the reply from Mr. Myers to it. Those letters are:as fo l lows: "March 18, 1949 11 M R. L. M r. yers "Dear Chief: "I enclose copies of two letters writte n by M Trim r. ble to Dr. M ullen cM just a mont h of t wo .b e fore M Trimble's death vvhich give his own carer. fully thought out recommend.a tions concerning student promotion at Centre College . Never havi ng known Mr. Trimble, I a m amazed at the knowledge �202 which these recornrnenda tions reveal of our situation. It is evident that he had given the mo tter considerable study "'nd thought. You will note tha t in the main his recommendations follow right along the line s of my d i scussion with Dr. Stewart and you Thursday morning, IJB rch 17. In line with these recommendations of M Trimble and also in line with my discussion r. with you, I want to make the following report to the meeting of the Executive Committee of the Board of Trustees this afternoon, March 18. 1. That you be given full responsibility for student promotion to take over these duties on July 1, 1949. I shall not go into details of what this job will require. You are perfectly familiar with them, such as contacting superintendents, p rincipals, and student counselors of leading boys' a nd girls' high scho0ls and preparatory schools; contacts with pastors of c huirches, particularly those of the Presbyterian Church; contacts with parents of present students and prospective students; c ontacts with alumni &nd alumnae in the interest of student promotion (but not for the major work of the Alumni-Alumnae Association). 11 "2. It is recommended that an assistant alumni secretary be found as soon as possible to take over the work in the alumni office. This means that you will transfer your activi ties to the office now occupied by the dean of me n a nd ha ve at your di sposal one full-time secretaty and the part-time assista nce of the young women who operates the switchboard. The alumni office will remain upstairs and in its present location a nd under the directi on of the assista nt a l umni secretary. He should have one full-time secretary to enable him to carry out the duties of the alumni office. "3. It is our expectation t ha t M • .A llen and you will rs work together, with the m ajor planning for student p romotion b oth a mong girls a nd boys to be your respon sibility. M • .Allen's office for t he time rs being can continue where it now is, a nd she should be empowered to employ part-time secretarial a ssista nee. 4. I shall recomme nd to the trustees that t he present college car be traded in for a new car, the use of which shall be reserved for the work of your o f fice. 11 5. Dr. Stewa rt a nd I , as well as M All en, will expect to cooperate rs. at every point possible , especially in the matter of speaking in churches and i n high schools in somewhat the sa m manner as has b een do ne this year. e 11 6. Some of the re sp onsibility in the matter of student admissions will be !,aken care of by the fac ulty committee on a dmi ssions and sta [1ding, of which Dr. Richardson at the present time is chairman, and also the registrar of the college. The exact relatio nships of your work with that of the commi ttee and the r egis tra r can be worked out as we go alo ng . 11 "7. All of the a bove will mean, as we ha v e said several times, tha t you will really ru:; ve to r el inquish all ma jor r espon sibilities for the activity in the alumni offi c e . The -ork of student p romotion is so a bsolutely vital t o the future of t he collee @;:1 and it is the belief of all �203 of us, admi nistration and trustees, that you are the key man in this situation, You have ha d the experience, you know the people, and you ha ve the personal qualities to do it as no one in o ur organization can and as few in any organization can do it. I know that I am safe in ass uring you the full backing of both the admi nistration and the trustees in this very importBnt job. "With your permission, I should like to read this letter to the Executive Committee of the Boa rd of Trustees as the basis of arra ngeme nts for this change in our ad.mi nistra t i ye set-up. "V ery sincerely yours, "Walter A. Grove s President" 11 11 (si gned) .Ma rch 18, 1949 M emo to Dr. Groves: "I ha ve just read your memo of this date relative to the matters disc ussed yesterday that hc;ve to do with my taki ng over the main job of student promotion July 1, 1949. And simce you wish to have my comments immediately I shall set them dovm of necessity rather hastily. I accept the a ssignment i n a general way and appreciate t he confide nce you hs v€J both expressed and implied. I believe that no hard-andfa st rules is this can be laid down in an exact sense but that occasional slight revisions of procedure will have to be nJBde in line, however, with a greed upon policy . I ask that you a p preciate not only the importa nee of the task but olso the magnitude of it in that our recruiting problem pres ents not only the ge neral difficulties but certain particular ones that are going to r equire time a nd ·work a nd devotio n to overcome. 11 "Here are a few of my reactio ns or comments to your memo by p&ra gra ph: 11 1. I a ssu.."!le tha t suitBble promotional literature will be produced from t ime to time as required; also that other field workers in addition to M . Allen and myself may be called upon if necessary to cover the rs territory. "2. OK for a n assistant alumni s ecretary to function as you s uggest. W hile I would not do the major job I consider it important for the succ ess · of my job to rema i n at least nominally the alumni secretBry for the pres ent . There.~a're ·good reas ons. "Let us leave t he matter .of location of my office to be determined by y ou and me after further consultBtion and consideration. Also, if the job r equires more office help that mor e help be made available . I would be t he one t o know best about that. 11 L 3-4-5-6-7:0K �204 "I would expect as com plete co-operation from all concerned in so far as this is possible. This, I know, I would get. There are certain details to b e worked ~out, of course, that are properly IllBtters of administration, i.e., between you and me. There should be no difficulty in that whatsoever. "As to a guarantee of resul ts all I ca n say is that I will give t h e task t he best a nd all that I possess. "Sincerely, Robert L. Myers (signed) Executive Secretary" President Groves reported tha t the 38 shares of Kentucky River Coal Corporation stock contributed by Robert Trimble in 1945 for the purchase of a college car were credited on the colle ge books at $2200.00. According to the a uditors' account, the car actually cost $1113.61. I n view of the fact that the present car should be r eplaced a nd t he probabili ty tha t it has more re-sale value now than later, it was moved a nd carried t hat the business manager be authorized to trade in the present car for a new car at t he best p ossible price, this car to be used prima r i ly for the work of student p romotion. President Groves reported the employment of M Paul L. Cantrell as r. instructor in the Department of 'nglish for the year 1949-50. The arra ngements made with M Cantrell to employ him as an instructor in the Depa rtr. ment of English at a salary of $27 00.00 for the nine months of the academic year, that the college pay the travel expneses of M and M r. rs. Cantrell from N ashville to To nville and also one-half of the moving expenses for their household fur nishings were approved. M Paul L. Cantrell is a native of N r. ashville, Tennessee, a nd a graduate of Vanderbilt University with B. A. degree cum laude October 8, 1948, and expects to complete the work for the m aster's de gree 1 in English literature at Vanderbilt University in June, 1949. M Cantrell is highly r ecommended r. by Dr. Philip Davidson, dea n of the graduate school of Vanderbilt University, as well as the members of the English Department with whom he is doing his graduate work. In view of a rep ort made by M Logan Caldwell c oncerning the refusal r. or unwillingne ss of the executrix, M rs. Thurmond Lee, to liquidate the Los las pentre property of the Robert Trimble estate in accordance with O previous arra ngements between the executrix and Kentucky W esleyan College and Centre College of Kentucky, it was moved and carried that President Groves have a consultation as soon as possible with the lawyers representing •~entucky W esleyan to s ee whether any steps can be taken to secure the i ntere s t of Kent ucky W esleyan and Centre Colle ge in this Los Olas Centre p r operty as well as in the r est of the Trimble estate. A rep ort was read from t he business Il18na ger on a letter receiged from the Publ ic Housing Admi nistFation relinquishing and tra nsferring the twelge buildings now used as v;ete ra ns I barrack s to the ownership of the colle ge . It was moved a nd carried that the lett er of relinqui shment be spread upon the minutes of the college. �205 "PHA-1826-1 7-23-48 RELIN QUISHMENT AND TRA N SFER UNDER PUBLIC LAW 796 (Including Waiver of Removal Reqµirements) "Pursuant to the request of Centre Colle ge of Kentucky, dated name of educational institution September 25, 1948, filed and supported as required by Public Law 796, 80th Congress, approved June 28, 1948, the Housing and Home Finance Administrator . hereby relinquishes a nd transfers, without monetary consideration, to said I nstitution all contractual rights (including the ri ght to revenues and other p roceeds) a nd all property right, title, and interest of the United States in a nd -with respect to the temporary housing locat ed on Lsnd owned or controlled by such institution in D& nville, Kentucky a nd de signated as Pr o ject N KY-V-15126 under C:)ntract N HA (V-15126-)mph-l o. o. HA (VN-15126)mph-2 a ud 1'1rith the United State s of America, provided, however, that any net r evenues or other proceeds from such housing to which the United States is e ntitled under said c ontract shall not cease to accrue to the United States until the e nd of the month in which t his instrmnent i s executed, a nd the obligation of the Institution to pay such amounts shall not be affected hereby. No ri ght, title or interest in a nd to any land held by the United States, or housing located thereon, are relinquished or transferred by this instrument. 11 "The above request filed by the Institution ha v ing been supported by resolution of the governing body of the municipality or county having ~urisdiction in the area in which the temporary housing is located specifically approving the waiver of the removal requirements of Section 313 of the Lanham Act (Public Law 849, 76th Congress, as amended), the provisions of that Section ond contractual obligations of the I nstitution to the Federal Government with respect thereto are hereby termiMted and shall cease to apply to said temporary hous ing. "This 12th day of M arch, 1949. trHOUSING AN HO FI N CE ADM N D ME AN I ISTRATO R "By Wm . B. Bergerm (signed) Director, Chica go Fieilla Offi ce Public Housing Admi nistration" President Grove s read a lett er f r om President Raymond B. McLain of Tra a sylva nia College, the pre siden t of the Church-Related Colle ge Association of l\entucky, with regard to legislation proposed t o the state l egislature for removing the tax-exem ption provilege f rom educational i nstitutions in Kentucky. It was suggested that President Groves keep in touch with President M i n on this matter a nd a l oo write a, letter to M cLa r. Roy W Ar nold, repr e sentative in the l e gislat:une from this district, . requesting that he s end µs i mmediate i nformation on this or any sim ilar propo sals. L �206 It was moved and carried that M Joe Davis be requested to take r. up with the Planning and Zoning Commission of the city of Danville the request of the colle ge to change the zoning of the property occupied by t he president's home from Zone "A" to Zone 11 B11 • President Groves reported that pla ns for organizing a riding class h& d had to ba abandoned because of the fact thc t the college cbu:Ea ' amt guarantee more than thirty students for such a class this spring, whereas M rs. J& mes Buchanan felt that the class could not be operated with less than fifty students paying $50.00 e;; ch per semester for such instruction. It was moved and carried that the request of Dr. Rush for a loa n of ~P7,000.00 at 4~-%interest, the interest only to be paid for the first five years a nd after t he fifth year both interest and pri ncipal to be paid off, be referred to M Logan Caldwell with authorij:,j; to a ct. r. Adjournment. Meeting of the Executive Committee April 22, 1949 The meeting was called to order by the chairman, Dr. J. R. Cowan. Prayer was offered by the vice-president, Dr. Claire M Stewart. M . embers present were Dr. J. R. Cowan, chairma n, M essrs. Logan Caldwell, Jones, Lanier, Sutcliffe, and President Groves, and Vice-President Stewart. The m inutes of the meeting of March 18, 1949, were approved as printed and circulated. It was moved and carried to include in the rfmular minutes the ad-interim action of the Executive Committee of M arch 25, 1949, approving the purchase of the house at 517 West M in Street for the Beta Theta Pi a Fraternity, the college to be responsible for $18,000.00 and the fraternity $14,ooo. oo of the total purchase price of $32,000.00. It was moved and carried that the chairman appoint a committee to draw up a memorial minute on the death of Mr. George M cRoberts, beloved trustee of the college .since 1926, on April 19, 1949. Dr. Cowan appointed M essrs. Caldwell and Groves on this committee. Mr. Elbert G. Sutcliffe was elected secretary of the Executive Committee. A report was heard from Dr. Claire M Stewart on his work, in which . he spoke of the deputation work in churches, visits to high schools, and meetings with alumni groups as well as calls on individual alumni and frie nds of the college. The business manager made the monthly report of the college; , pointing �r 207 out the shorta ge in cash due i n part to pa yments for the stacks for the libra ry, for which funds probably will have to be borrowed, and pointing out the further fact t hat the operating gain for Ma rch 31, 1949, is approximately $14,ooo.oo behind this fi gure of a year a go. Howe-1er, all operations are within the amounts of the current budget so that there should not be any actual deficit in those operations. Gains a nd l os s es in the different food operations about bala nce one another, the gains i n the coffee shop on the men's campus a nd the dining room on the women 's campus off-setting losses in the cafeteri a on the men's campus. It was moved a nd carried to receive the reports of the business mana ger. It was moved a nd carried that the bu siness mana ger be authorized to make extra charges for meals served in the men's cafeteri a to others than members of the student b ody and staff of the college i n view of the fact that s ome town people are taking their meals in the cafeteria, which is s ubsidized by the college. It was moved a nd carried that Dr. Cowan as president of the Board of Trustees appoint additio na l members of the Fina nce Committee, which is now comprised of M essrs. Baker a nd Lee. Dr. Cowan appointed M essrs. Logan Caldwell, Lanier, and Sutcliffe, a nd at the request of M Logan Caldwell r. Dr. Cowa n also was added to the committee. It was move d and carried tha t the Finance Committee, together with President Groves a nd M Herbert A. M r. eyer, the business mana ger, study the fi na ncial recommendations contained i n the letter of April 16 of M Lisle r. Baker and make a report a nd recommendations on these .lll8tters to the next ay. meeting of the Executive Committee in M M Loga n Caldwell reported on the co nfere nc e held with M John r. r. Rommel a nd his nephew of the George H. Rommel Compa ny and members of t he committee on t h e physi cal education building plus President Groves a nd Vice-President St ewa rt on M arch 30 with reference to t he situation with regard to the c ontract and construction of t he new physical education b uilding . M C r. aldwell reported tha t M Rommel a greed to extend the r. 120-day period prev i ously allowed for si gning the contract for the complete buildi ng by a period of thi rty da y s. Mr. John Rommel also was very gracious a nd ge nerous i n i ndicating tha t they would cooperate with the col lege in t he m atter of payment on t he present contract. It was a greed that the mem bers of t he Executive Cammi ttee should give the whol e matter of the new physical educati on buildi ng careful thought with a v i ew to recommendatio ns for a pla n to enable t he college to co ntinue -,, ith t he construction of the b uilding at the earliest possible date. M Sutcliffe a lso is to have a r. r. atter. f ull co nfer ence with M Nevi n as soon as possible on this whole m I t W"dS moved a nd carried t hat in accorda nce with the recomme ndatio ns of the auditors that the fiscal year of the college be cha nged from July 1 of each year to June 30 of the f ollowi ng year, to September 1 of each year to ugust 31 of t h e following yea r. It was furth er voted that t he current bugget y ear be extended to Septem ber 1, 1949, a sepa rate budget to be prepared for the months of July and August, 1 949, at the same time that the budget for the y e&r from September 1, 1949, to August 31, 1950, is prepared. �208 It was moved a nd carried that the l etter of April 18, 1949, from Yea ger, Ford, and W arren, accountants, to the Board of Trustees of Cent re Coll ege be spread upon t h e minutes. The letter is as follows: "A pril 18, 1949 "Board of Trustees of Cen tre College Ienville, Kentucky "W have examined and listed the secur i ties a nd notes, represe nting e investments of e ndowment a nd other f unds of Centre College of Kentucky, as of M arch 22, 1949. I terns on hand at tha t date were reconciled to those s hown in our report of audit at June 30, 1948. "In addi tion, we reconciled the securities held as investments of the Estate of Lilia n S. Evans to the original i nve ntory of the Estate. "Al l securities a nd notes held by the Treasurer of Centre College at June 30, 1948 a nd all those included in the i nve ntory of the Estate of Lilian s. Evans were properly accounte d for. "In addition, t he fo llowing securi ties were on ha nd without indication as to source of receip t: "U.S. Treasury 2 3/4% 1960-65 Public Service Gas and Electric Co. $1.40 pfd. common $400.00 face value 37 shares "For purposes of our examina t i on, it was a greed with the .A cting Treasurer a nd the Bus i ness M na ger that t he verification of income a on investments since last a udit date (June 30, 1948) could be deferred until the regular annual audit of the College. "W did not verify at this date t he bala nces on unpaid mortgage ·· e loans by direct correspondence with the borrowers si nce such p rocedure will be followed duri ng the regula r annual audi t. Indicated payments on loans since June 30, 1948 were traced to cash records. "Listines of investments a t M rch 22, 1949 have been supplied to the a Acting Treasurer, the Busi ness M na ger a ,1d the Estate of Nelson D. a Rodes as required. "Yea ger, Ford, a nd W arren (si gned) Certified Public Accounta nts 1' President Groves reported increasesi in fees for the yea r 1949-50 already a nnounced by the University of the South, W ashington and Lee University , Southwe stern at M emphis, a nd Vanderbilt University. It was moved a nd carried, t herefore, th~t the matter of the fee s of the college be studied a nd that a rep ort on t his mstter be made to t he Executive Committee at its next meeti ng . �209 Mr. Logan Caldwell made a report on matters pertaining to the Trimble Estate, and it was a greed that at the proper time a conference be hel d with the representatives of Kentucky We sleyan College on t he several matters re the Trimble estate of mutUBl concern to both institutions. President Groves reported the verbal report which he has received of t he action of the Planning and Zoning Commission of the city of Da nville, whereby:·the Cnaik House a nd adjoining property on the northeast corner of M ain Street and M aple Av enue has been re-classified so that it is now included within Zone "B" along with the rest of the colle i e campus. President Groves rep orted that some thirty- thre e alumni , alumnae , and frie nds of the college have a greed to act as members of the Board of Overseers of the colleges a nd to be present in Danville f or the first organizational meeting of this group at ten o'clock Saturda y morning, May 14. President Groves reported the unanimous vo te of the Board of Truste e s authorizing the followi ng honorary degrees : Honorai,-x_Degrees for June, 1949: Vice~President Alben W Barkley . Doctor of Laws M H. Roe Bartle r. Doctor of Laws The Reverend Eugene F. Smathers Doctor of Divinity Judge Ida May Ada ms Doctor of Laws Honorary Degrees for Fall, 1949: The Reverend w . Russell Gilmore Professor Edward M ack, Jr. Doctor of Divinity Doctor of Scie nce In view of t he fact that Vice-P,resident Barkley has accepted the invitation to make t he commencement address June 12, 1949, President Groves has invited M H. Roe Bartle to b e present on this same commencement to r. receive his honorary de gree. M . Bartle has accepted the i nvitation and r plans to be present. This invitation to M Bartle by Dr. Groves was r. a pproved by t he Exec utive Committee. A letter from the Hono rable Jesse H. Jones -was read in which he i ndicates his hope to be pr esent &t the commencement on June 12 to receive the honorary de gree previously voted by the Board of Tr us tees. President Groves reported t he employmen t of M Ling as i ns tructor in r. the Department of History and Mr . Coke as instructor i n t he Department of M athema tics , t he sala r y of M L!i!ng to be $2700.00 for the nine months of r. the academic y ea r a nd tha t of M Coke to be $2600 . 00 for the academic year. r. The employment of the se men was approved. L �co ...._;-...,, 210 p,,;,.~ 'kJ t::, (") President Groves reported letters from M E.T. Boles to M Nevin r. r. a nd himself urging that steps be taken to get bids on the fraternity house for the Phi Kappa Tau Fraternity. It was moved and carried that President Grayes consult with M Nevin on this matter and make a report r. to the next meeting of the Executive Committee. No te was made of the fact that the next meeting of the Executive Committee should be M 20, 1949, a nd the full meeting of the Board of ay Trustees on Saturday, June 11, at 10:00 a. m. The following resolution was moved and carried: "Be it resolved that the Citizens National Ba nk of Danville and the Farmers N ational Ba.ik of Da nville be authorized to permit Mr. Logan Caldwell, treasurer pro-tem of the college, to open the safety deposit boxes of the college, if accompanied by a nother trustee of Cen tre College of Kentucky or the president of the Citizens Na tio riBl Bank of Da nville or the Farmers N ational Bank of Da nville . "Be it further resolved that a copy of this resolution be sent to the Citizens Natio!l.al Bank of Danville and the Farmers Natio nal Bank of Danville." The meeting adjourned. Meeting of the Executive Committee M 20, 1949 ay The meeting was called to order by the chairman, Dr. Covran. Prayer was offered by President Groves. Members present were Dr. Cowa n , Dr. M iles, M essrs. Lanier, J one s, Caldwell, Baker, Sutcliffe, Nevin, and President Groves, and Vice-preside nt Stewart. The minutes of the meeting of April 22 ; were approved as printed and circulated. It was moved a nd carried that a full meeti ng of the Boa rd be called for two o I clock Friday afternoon, June 10, to continue through Friday evening and the morning of Saturday, June 11. �211 A letter from M Ike Lanier of May 9 to President Groves concerning r. sugeestions for fi na ncing the balance needed to complete the physical education building was read, and this matter was discussed at some length. As a result of the discussion concerning funds needed for the physical education building, it was moved a nd carried tha t Centre College of Kent ucky employ a general counsel. It was moved a nd carried that the chairman appoint a committee of two to di scuss the need of the college for a general counsel with Mr. Louis Seelbach of Louisville with the purpose of having M Seelbach assume this r. work. Dr. Cowan appointed M Baker and Mr. Sutcliffe. r. M N r. evin reported on pro gress in the construction of the physical education building . In connection with this report he spoke of the financial difficulties of the plumbing contractors , making it clear that these difficulties would not involve the college i n any way. M N r. evin also reported the conference with Mr . George Rommel of Rommel and Company concerning the extension of the tim limit for re newing the contract on the physical e education building. Rommel and Company have agreed to extend the limit to July 1, 1949, and have since sent a letter to President Groves confirming this agreement. An i nform discussion of qualifications and possible recommendations al for trustees to fill the vacancies in the Boa rd was held. The discussion pointed out the need of choosing men who woul d be wholeheartedly behi nd t he Christian program of the college and men approved by the respective bra nches of the Presbyterian Church, men able to contribute generously and able and willing to influence others to do likewise in view of the financial responsibilities of the trustees for the college , a nd men able and willing to devote time a nd though t to the problems of the i ndependent college, particularly those which relate to its finances. The discussion also brought out the need of one or more additiona l trustees from the Danville area. It was moved a nd carried that the securities of the college be placed with one of t he banks i n Louisville i n a cus t odian account. M Lisle r. Baker i s to make some investigation in Louisvil le on this ma tter and to report later to Mr . Logan Caldwell. lf r. H. A . Meyer presented the reports of the busi ne ss manager. Mr . 1 M eyer pointed out the hope t hat he has that the college will e nd the year with its budget bala nced but that there will be need of borrowing fifteen to t went y thousand dollars on June 1 to enable the college to m eet i ts cash obligations at th& time. t Dr. Claire M Stewart made a brief r eport as vice-presiaent i n charge . of publ ic relations on t he continuing operations of his office. O recommendation of President Groves the following changes in the n alterns te fraternity house plan of October 16, 1948, were approved: The f ollow ing phrase was removed from p& graph 7: ra "to give up the hous e, or i f t he college should want the house for other purposes, i t i s a greed that either the college or t he fraternity shall have L �212 .... f""!"'I ~ 0 (') the ri ght, on six month s' notice ," so that the revised paragraph now reads: "If the fraternity occupying such a house a nd the college should wa nt to withdraw from the arrangement, the fair market value of the property shall be ascertained in a way acceptable to both p&rties, and the eqg.ity of the colleee and the fraternity be paid to both in the ratio of t hree parts to the college 8nd two p&rts to the fraternity. The cost of furnishings shall not be included in such disposal, a nd t hey shall revert to their origina 1 purchasers. " The following phrase is to be omitted from pa ragraph 9: "for the up);eep of grounds around the house, for all utilities, such as heat, light, -wc; ter, and for all janitor service," so that pc: ra graph 9 now reads: "The fraternity shall b e responsible for the repair of excess ive damage ." The fo llowing phrase is to be omitteei from p&ragraph 11: "in Wi seman Hall , after a deduction has been ms de for the cost of utilities and janitor service already provided by t he frater nity ," so tha t pBra graph 11 now reads: "Room rent will "be c harg ed to residents of the fraternity house at a rate equivalent to rents charged in college dormitories." The following phr a se was added to paragraph 12: "unle s s permission is given by the president of the college, 11 so that ps-ragraph 12 now r eads: " No fre shrna n sha 11 re side in any fraternity house during any pa rt of his freshman year, unless permission is give n by the president of the college. 11 The following paragraph 16 was added to the agreement: 11 Regula ti.on, supervision , i n spection, and opera ti.on of the fraternity house shall be vested in a committee of two members appointed by the Executive Committee of the Board of Trustees of the college and two members of the alumni of the frater nity. M eetings of this j oint committee s hall b e held at least once every two months during the college year. These meet:Lngs sha ll be called by the chairman of the committe e , who shall be chosen by it." A letter from the Centre Coll ege Sigma Chi Building Fund Committee r eque sting approva l of the purchase of the property at 442 W st Broa dway e in Danville own ed by Mr . J oe Sta gg for use of the Zeta Ze:t;.a Chapter of Sigma Chi as a fraternity house was read. It was moved and carried that the Build i ngs and Grounds Cormnittee i n spect this house at t he earliest possible date with a view to making r ecommendation s in acc orda nc e with �213 the request contained i n this letter signed by r!Jr . George W Rue and M . r. S . R. Cheek , Jr., cha i r man and trea surer of the Ce ntre College Sigma Chi Building Fund. On the recomme ndation of President Groves it wa s voted to grant M . r H. Roe Bartle the degree of doctor of humani t i e s at t he commencement on June 1 2 rather tha n the doc tor of l aws degree . This change is made in view of M Bartle's pa rticular interest i n developing education in human r. relations. President Groves made a brief report on the Rogers Educa tional Trust, indicating the opinion of those who k now the s i tUB tion that there will be no real f unda available for schol arships for some time and probably not until the death of M . Rogers. President Groves al so reported the rs i nt ention of M . Lloyd Rogers to move to Florida to take direct oversight r of t he orange groves there . M Loga m Caldwell I!lB de a report on the Trimble Estate , and it wa s r. a greed th&t a confere nce be held as soon &s possible with the represent8tives of Kentucky W esleyan College wi th a v i ew to further conferences with the legal couns el of Centre College on step s to be taken to r equire the executrix of the estcte to live up to a greements entered into ·with Centre College a nd Kentucky W esleya n College . Dr. Cowa n read a letter of apprec iation from M rs. Nelson D. Rodes on the thoughtfulness a nd sympa thy expre sses to her a nd her family on the death of M Rodes . It was moved and carried to spread this letter upon r. the minutes of the Executive Committee. "Dear Dr. Cowan : "The boy s and I want to express to t he Board of Trustees our deep a ppreciation for the beaut:i.ful pall you s ent a nd for the pra yers , love, a nd sympathy we f elt came with it. "Nelson I s i ntense i nterest in the college and the p lea sure he had in wor king wi t h you mem will alwa ys be. a cherished memory for me . 11 It i s my hope that each of you will help me to carry out one of Nelson's gr eotest ambitions--to have his s ons develop into fine Christian men th&t will continue the work in this community a nd ca rry on where he l eft off. "Assuring you of my continued interest in the col lege, I a m Sincerely, nMary M . RodesH (Signed) cD 11 It m; s moved a nd carried tha t the allowance paid to M Nelson D. Ro des r. a s treasurer of the college be paid mont hl y to M rs. Nelson D. Rodes through June 30, 1949. Adjournment. Elbert G. Sutcliffe , Secreta ry �co 214 Meeting of the Executive Committee May 31, 1949 The meeting was called to order by the cha i rma n, Dr. Cowan. Present were M essrs. W achs, Jones, Logan Caldwell, Dr. Herrmann, Dr . Cowan, amd President Groves and Vice-president Stewart. It was moved and carried tha t Dr. Jesse Herrmann be elected secretary pro tem in the absence of Mr . Sutcliffe, the regu.l;_;r secretary. It ms moved and carried that $1,500.00 be paid to M Logan Caldwell, r. acti ng treasurer of the Board of Trustee s , for all of t he extra work entailed up to September 1, 19li9, in the reorganization of the fina ncial affairs of the college since the death of t he treasurer, Mr . Nel son D. Rodes, t his sum to be ta ken from income from endowme nt fund$. It was moved and carried that $200.00 be paid to M H. A . Meyer , the r. business mam ger of the c olle ge, for extra work entailed up to September 1, 1949, in the reorganization of the fim ncial affa irs of the college since the death of Mr . N elson D. Rodes, this sum to be paid fr om the i ncome from e ,1dowment funds. It was moved and carried that a sum of $100.00 be paid to M Fred r. Arnicar for extra wor~ up to Sep tember 1, 1949, for work done in the r eorga nization of the financial affairs of the coll ege since the death of the t reasurer, M Nelso n D. Rodes , this sum to be taken from income r. from endowment. The following official action was t aken by the Executive Committee: Resolved, that the Executive Committee of the Board of Trustees of Centre College accept t he $50, 000. 00 a nnui t y contract (a copy of which is attached t o the minutes of this meeting) in memory of Guy E. Wi seman, ma de by a nd between J. E. W isema n and Grace H. Wisema n , parties of the first part, and Centre College of Kentucky, party of the sec ond port, and authorize the cha i rma n of the Executive Committee of the Boa rd of Trustees to sign this c ont ract a nd t he attestation of the secretary pro tern of the Executive Committee i n the name of Centre College of Kentucky, and that a letter of thanks be sent to M J. r. E. W isema n and Mrs . Gra ce H . W isema n for their gene rous gift to the colle ge, a nd that the colle[;e assume the payment of any assessed gift tax in connection with this a nnuity. "THIS CONTRA CT made a nd entered into t his 31st da y of M ay, 1949, between J. E. W ISEMAN a nd GRACE H. W ISEM AN, his wife, of 479 W est Broadway, Drnville, Kentucky, parties of the first part, and CENTRE COLLEGE OF KEN CKY, a Kentucky corporation with its principe 1 office TU a nd place of b usine ss in Da nville, Boyle County Kentucky (where s ince 1819 it has maintained a le1:;a 1 charity, tha t is , a non-profit ins ti tution for t he collegia te education of young men a nd si nce 1926 for young women also), pa rty of the second pa rt, �21 5 "W ESSETH: ITN "Thot the parties of the f irst p1:,rt for the cons ideration as hereinafter stated have given abs olutely and in fee simp le to the party of the second part the sum of Fifty Thousand ( $50, 000 . 00) Dollars in cash, or its equiva lent , "And now in consideration thereof it is mutua l ly a gr eed between the parties hereto that this contract c oncerning t his gift is subje c t to the f ollowing terms and conditions : 11 1. The party of the second pa r t a grees to pay: (a) To M iss Jea n W seman, a first co usin of U. E. W i iseil18n, of 566> Bryson Hotel , 4932 Lake Park Avenue, Chica go 3, Illinois , who i s now 77 years of a ge , the sum of $2, 500 . 00 during her life , a nd 11 "(b) a t the dea t h of M s s Jea n W i iseman, to M rs. Le onora M illan, a cM f irst cousin of J . E. W seman, now 75 years of ,a ge , of the sa me addre ss , i if living, the sum of $2, 500. 00 each year so long a s s he lives , a nd " ( c) a t t he death of M rs. Leonora M illa n to her son J ohn M illa n , cM cM a nephew of J. E. W eil18n, &ge JS, of t he same addr ess , if living , is dur ing his life , the sum of $2, 500. 00 each year . 2. It is expr essly unde r stood a nd is a consideration of this contract that so long as any of the three-menti oned pers ons shall be living the p&rty of the second pa rt shall pay the sum of $2, 500. 00 a y ear under thi s contract a nd that if any one of the a bove- me ntioned p ersons to whom~ duri ng their lifetime the pa rty of the second part s ha ll then be pa y ing sha l l die before having received for th&t y ear t he sum of $2 , 500.00, the n the next o ne in succession sha ll rec eive such unpaid portion of $2, 500. 00 a nd that at the death of t he l a stme ntioned one or at the death of the last survivor of the three per sons t hen all obligations of t he pa r t y of t he second p&rt shall c ease unde r t his c ontract . 11 "3. The sa i d a nnual sum of $2, 5 00 . 00 shall then be pa id as f oll ows : $1 , ?50.00 begi nni ng June 20, 1 949 a nd $1 , 250. 00 Decem er 20, 1949 b a ud the 20th of June a nd Decem ber of each a nd every year s o l ong a s any of the a bove-menti oned persons sha ll liv e. 11 " I t i s understood th&t t he p& rty of t he sec ond part i s obliga ted t o pa y only the s um of $2, 5 00 . 00 per y ear during t he live s of the se p ersons . "This gift acc epte d by t he party of the s ec ond pa rt a nd thi s contract a ppr ov e d and ordered executed, pursua nt to a Re solution of the ExecutiY,e Committee of t he Board of Trustee s of t he party of t he second pa rt held on this date . L __ �216 11 \"{IT N ESS the signatures of the parties to this contract, executed in duplica te , each counterpart having the full force and effect of an original , this May 31, 1949. II J. E. WISEMAN 11 GRACE H. W SEMAN I Parties of the first pa rt "CENTRE COLLEGE OF KENTUCKY, a corp oration by Cha~i_ _ a_ o~_,. h- .....,,, o_ _ ~- rm n_ f t~ e B_ a r d Party of the Second Part" "Attest : Secr etary It was moved a nd carried that the annuity and taxes involved in accepting this gift from Mr . and M rs. W iseman shall be paid from the funds of Centre I s Forward Program. It was moved and ca r ried that in accordance with an understanding with M . and Mrs . W r iseman, the proceeds of the securiti es given by them for t his a nnuity contr a ct sha 11 be credi t ed .to the f,md s of Centre I s Forward Program a nd shall be used for t he construction of the new physical education building. It was moved and carried that M . Logan Caldwell, acting treasurer r of the college, be a uthorized to borrow an amount not to exceed $25 , 000.00 for the operating expenses of the college . It wa s at the next the cha rter college ca n moved and carried that t he Boa rd of Trustees of the college full meeting in June con sider the advisa bility of cha nging of the c ollege so that the amount that the trustees of the borrow be raised from $1 00,000. 00 to $200, 000.00 The meeting adjourned . Jesse Herrma nn Secretary p r o tern �217 M eeting of Board of Trustee s Fr id ay and Saturday , June 10 and 11, 1949 The meeting was called t o or de r by the president, Dr. J . Ri ce Cowan. P raye r was offered by Dr. Robert vo n Thurn. M embe rs pres e nt we r e Dr. Cowan, Dr. von Thur n, Dr. Fr a nk Caldwel l, Dr. M les, Chief Just i ce Vinson, M s rs . Wiseman, Logan Ca ldwe ll, J ones , :va ch s, Van i es Antwerp, Baker, Ne vin, J oplin, Sut cl iffe, Van W inkl e , Ha ger, and Presi dent Groves and Vice-President Stewar t . M Logan Caldwell and M Li sle Baker, Jr ., wer e a ppointed as me mbers of r. r. the commit t e e to draw up r e solutions on the deaths of Mr . Nelson D. Rod es and ·,r. Geor ge A. M cRob er ts. This c ommittee ma de i t s re port on Sat ur day mor n in g , June 11. The r e fo l lowe d a dis cussion on the financia l r equirements to compl ete the physic a l educ ation bu ilding . M r. Nevin f irs t r epor ted on the ori g inal g eneral cont r a c t fo r $271, 805, broken down i n t o t h e follow ing pro je cts: 1. 2. 3. 4. 5. 6. Excavation, f o und a ti on work, bearing wal ls in basement and fi rst floor slab • • • • • • • • • • • • $89 , 600 F urnish and erec t re mainder of struc t ural s teel not incl ud ed i n item no. 1 • • • • • • • • • • • • • 29 , 669 Rough car pe ntry wo r k , maso nr y wor k , r oof constr uction , roofi n and flas hing suffi ci ent to make b ui l d i ng weatheh proof • • • • • • • • • • • • • • • • • • • • • 58 , 790 Furnish and e rect a l l exte r i or wi nd ows including g l az ing and c aulki ng • • • • • • • • • • • • 7,272. Completion of r ema inder of wo r k in new b ui l ding • • • 73,3 88 Alte rnate no . 1 (viror k in existing building ) • • • • • 13 ,086 N. B. Pro je ct # 1 does not - incl ude work in t u nnel s , nor concrete floor of basement f or which $8,000 s hould be added to t he above $89 , 600, ma king the fi gure $97,600 . On t he othe r hand , if thi s i te rn of 8 ,000 is includ ed in pro je ct =/fl , it s h o ul d be deduct ed fro m pr o ject #5 , making that total $65,3 88. It was pointed o ut fur ther th at t here sho uld be added to t he ab ove ge nera l contract the cont ract of p lumbing and heating for $52 ,800 and for e lectr i c wiring f or $12,350, to whi ch s ho uld be added t he archi tects' f ees. M r evin next re porte d t he details of project # 1 an d f2 tota ling for r. th,e gene ral cont r a ct $130 , 780 , the breakdown of whi ch i s as follows: Entire excavation and c omp l e te f o und a t ion and the bea ring walls in t he basement and t he fi rst ( gymnas ium) floor slab • • • • • • • • • • • • $89 , 600 The concr ete floor in the basement and the concre te pibpe tunnels • • • • • • • • • • • 8 ,000 F urnish ing and e r e c t ing th e remainder of t he s t r uc tura l s teel for the en tire new bu i lding that is not embr aced in t he ~e9 , 600 i te m above ( onl y sho p coat of pa.int inc luded in above) . .. L �(0 218 'TJ 0 All meta l fla shing as requi red for ab ove wor k • •• • • $666 The meta 1 anchor s in gymnasi um floor slab • • • • - • • • • 642 Approxima t ely 18 feet of fl ue lini ng in the chimne y 149 All 'b rick wall ti e s in the found ation wa]. 1 • • • •• • • • 31 W ater-proofing the exterior wa ll of fo u ndation wal 1 a nd t he handba ll court walls • • • • •• • •• • • 1,06 6 F ur nish a ll do or buc ks that are r equired for t ije a b ove wo r k •• • •• • • • • • • • • • • • • • • • • 957 To b e added to th i s $130 , 780 is the cont rac t for t he p l umbing a nd h e ating for $2 5 ,~50 inc luded as pett of the initial construction and also the ele ctric wiring cont ract for -n,2 , 900, whi ch li kewise was a necessary par t of the initial constructi on e ntailed by projects {fl arrl =#'2 • Thus c ont racts fo r constr uc t i on already und er way t otal $ 159 ,230 , exclusive of a rch':i te:c.t s' fees. M Ne vin ne xt repo rted tha t it would t ake approximate ly ·1 25 , 0 00 r. in additi o n t o i:he am::>unt ( ~159 , 230) alr eady c ont racted fo r to enclose the ma in play ing floor of t he building , provide that mai n playing; floor with te mpor a r y arr an gements for heating , t he ne cessar y seating , and backsto ps , etc. Th e s t at eme nt of M . I e vin conce r ni ng the e s t imate of the Geor ge H. r Ronm1.e l Company wa s t hat to comp l ecte the gymna sium (in addition to the cont ract made Nov emb e r 26 , 1911..8, amounti ng to ; 130 , 780 ) r e ady for baske tball p l a yin it wou ld cost $107, 652 aij fo llows: 1. 2. 3. Rough car pe ntry, mas onry , roof to weather - proof • • $56 ,236 W ind ows, g lazing , a nd c a ul king • •• • • • • • • • •• 7,272 G ymnasium floor in p lace for playing • • • •• •• • J.J.i.,141+ I n addition to t he a b ove it will be necessary t o ins t all t he unit heaters which wer e s p ecified for the main gyrnna si um. Durham a nd Gr e er submitted an e stimate amounting to $2 , 824. ~.3 for this portion of the work. The y included in t he i r e s ti mate the r u nn i ng of a te mporary l i ne f r om the pr es ent steam bo il er under t he o l d gymnas ium with con ne c tio ns to the d ifferent heaters . F i g ni ght and Company submit t ed an es ti mate amo unt ing to $3 , 300 for t he r unnin of a ll i r e s and c onne cti ons fo r the fi ve rows of li ghts ove r the centr a l portion of tne gymnasium; t h e re maini ng two rows are to be added ii,hen t he building is comp le te d. The a bove items tota l - G . H. Rommel Co . eo $107,652 Durham and Greer . • • 2,824. 43 Higni ght Ele c . Co • • • . 3 , 300 $113,776.43 I n addition to the ab ove , it will b e necessary t o i nstal l a certa i n a mo unt of seating . The number of s e ats were not determined, b ut if 500 s eats were us ed at a c os t o f $7 - 50 per s e a t , it would amount t o $3 ,750 . No provision was ma de in the Rommel e stimate for the b uild ing of the stage or outside wa l ks . The above equals, in ro und numbers , ,ill 25 , 000 . I t wa s p ointed o ut tha t i f this amount c ou l d b e found at once and the se addi t i ona l pr oje c t s c o nt racted for i mmedia t ely so that it would not be nece ssary to interrupt construction () �219 alr eady under wa y , t h en it wou l d b e pos si ble ·: to ha ve t he bas ketball fl oor r e a d y f or us e b y t he l at t e r pa r t of De c embe r of the cur r e nt yea r. M Logan Caldwell r e 2or te d the following o n Ce ntre ' s Forwar d Pr o r am : r. Total amo1int i n c a s h a nd pledges to date Total of c ash r e c ei ve d Tot al paid f or c ampai n ex pe ns e s to da t e 'I'ota l due Ce ntr e Colle ge f or c ampai g n ex pe nses Tot al pai d on construct ion of phys ic al ed uc ation build ing $139 ,695 . 19 101, 813 . 27 27, 753 . 26 8 , 252. l.i4 43, 835.19 M . Cal dwe 11 f urth e r r e p or t e d th at the rece i pt s in h a nd a nd expected r from t he F or ward Pr ogr am and a lso othe r fu nds in si h t wo uld ma ke it po s si b le for the c olle g e to p ay th e tot a l of $159 , 230 due on pr es e nt con t r a c t s fo r the physi ca l ed uc a t ion buil d ing wi t hout a ny borr owi ng by the co lle ge . Fur t h e r dis c uss l on of t h e me ans -. of' f i nanc i ng th e r e q ui r ed _ l ance t o ba comp l ete the phys i c al edu c at i on build i ng wa s p ost pone d unt il Sa t urda y mor ning . I t was mov e d and c a rr ied tha t s t e ps be ta ken in acc or dance wi t h art icle 12 of the char t e r of the co ll e ge t o re move the p r e se nt d e b t limi t of $100, 000 by omitt i ng a r ticle 10 of th e s ame cha r te r. The f ollowing repor t s we r e r eviewed a nd a f t e r di sc us s ion we r e a ppr oved . Rep ort of t he Pr e sid e nt b y Dr . Groves Repor t of the Vi c e - Pr e s ident b y Dr . S tewar t Report of the De an an d Re g istrar by Dr . Ca l dwe 11 Re port of th e Dea n of l'vle n a nd Di r ec tor of Admi ssi ons by M . Van W n kle r i Re port o f Dean of Wome n by M . Bake r r Report of t he Exe c ut ive Se c ret ar y b y M . Va n Antwe r p r Report of the Al urnnae Sec r etar y by M v a n Antwe r p r. r Re por t of t h e Libr a r ia n by M . J op lin Rep or t o f the Phys i ca l Edu cati on Depa r t me nt by Tu:l.r . J one s Repor t of the Re li i ous Ac ti viti e s Commi ttee by Dr . von Thurn Repor t of t he Ar t Depa r t-ment b y M . W ema n r is Re por t on De b a t e and Dr amati c s b y VIr . W s eman i Re por t of the M usic De pa r tment b y ,.': r . W iseman Dr. Cowa n reported the b e q uest of $ 10 , 0 00 t o Ce ntre College of Kent uc ky b y the late Ne lso n D. Rod e s , t h e te r ms of v.h ich r e ad a s f o llows: 1 ~1 be queath ten thousa nd dollars t o Cent r e Co 1le e of Ke nt u cky. Th is is i n sati s f a c tio n of t he obli gation made to Cent re Co lle ge in wr i ting on Oc tobe r l G, 1940, a nd the two subscri pttions t h at I made to the Cent r e fi nan c ial c ampa i n i n 19~7 and 1948 , and a lso to s at is fy any othe r s u bscr ip tion that I h a ve mad e or shall h er eafter m ke to Cent r e . If it can be s o a arr a nged , I wo u ld li ke t hi s t e n t h ous and dolla rs t o co nstitute a pa r ti al endowme nt f or th e c o l le ge d i ni ng h al l f or me n , and t he i ncome use d ea ch yea r to provi de f or the Cen tr e boys wh o take t he i r me al s on t he c a mpus a l i t tl e bet ter foo d t hen t he y wo ul d othe r wi s e r e c e i ve ." I n a cco r d a nc e with t he t er ms of t he be quest Dr . Cow a r eporte d an u npaid ple d e of :,1:r . Ne l s o n D. Rodes t o Ce nt r e ' s F or ward Pro g ra m of 1947- 48 of ~~ 1500, l ea ving a ba la nce of $8500 on thi s b e q ue s t . L �220 Dr . Cowan also re por ted c onferences wi t h T . elson Rodes in which 'Ts she indica te d her entire wi lling ness to ab ide by the j td gme nt of the Boa rd of Tr ustees in th e application of the balance of this be quest . In the li ght of t hese r epo rts the f ol l owin res olut ion was offered b y M . Howard Van r Antwerp, Jr . • and up on motion the r e solution was passed . " Resol-ved, t ha t with t h e cons en t of the fami l y , t h e I e lson D. Rodes beque st to Centre Colle ;e be at this ti me a pplied to the physic al educ at ion uilding , with the understandin g that from any unrestricted funds available afte r t h e building is paid for t h is $8500 be pa id to Gener al Endowme nt i n h is name ." Attention wa s calle.d to the generous c ontract made wi th the colle r;e by M . and r s. J. E . W man already reported in the minutes of the ...:; xecutive ise Commi ttee of M 31, 1949, and on motion the full Board r ose to exp r e ss thei r ay thanks t o -•~ . a nd M . Wiseman for t hi s very ge nerous g ift to the colle e . r rs It was move d a nd carried that the p resident of the Boar d appoint a committee of two to meet wi t h two members of the Boa r d of Visitors of t he Women ' s Division t o discuss way s and me ans of better promoting t he Women ' s Divi sion . Pr esident Cowan appointed M ess r s . Lo gan Caldwell and is l e Bake r. A commit tee c onsisting of M . Bake;-, Dr . von Thurn, Dr . Frank Cald well, r M Van Antwe r p, and Iv:r . Log a n Ca ldwell was a ppointed to make a stu dy of the r. r ecommendati o ns a l ong t he line sug :,;ested in the memorandum of April 16, 1949 , of M . Lisle Ba ke r to the Boar d of Trustees . r Saturday mor ning , June 11 The mee t ing was cal led to order by t he president , Dr . J . Ri ce Cowan. Prayer was o f fe r ed by Dr. F ra nk Caldwell . The f o l lowin de r ee s in c o urse as re c ommended by the fa culty were a pproved: Ce nt r e Colle g e Bachelor of Arts Ge or ge s. Anderson Robe r t i ke Bec~e r Ri chard Edward Be lleville Wi ll iam And r ew Brad l ey Hugh James Bronaugh Barrett E. Cal dwe ll *Ha r r y i,ti.chael Chase , J r. Wi l liam B. Chen ey, Jr . Lyl e T. Cline Gor don Byr on Davidson *Sydnor I . Davis , Jr . Jam es Stewar t Do ughe r ty Ellwood Br u ce Dung an W alter A. Edwards Be r nard .S i f e Geor e H. Farr L_ I _ Jotlti.r Ad r o:on', ll" ~nkb one V iliam rl. L . Getz ii Char l es Allin Hardin Henry Reade Heskamp W endell Le on Hisle Robe rt Deb nam n olland Itoy Gilbert Hundley, Jr . Thoma s Briscoe Inman Joseph Walcefi l d James Robert Withers Kelly Robe rt Roy ce Kid d John Charles Junneke Charles J:, ; dga r Lane , Jr . Oscar Cawo od Ledf or d Paul Edw a rd Le tt I- �221 W illi am He r ber t Lo g an Wil liam Kenneth Ly nch Ge or ge Henr y McAfee , Jr . Wil liam All e n 1 c M l1 anus , J r . Fr ed f;~ adden W lliam 3r uce M i ontg ome r y orris, Jr. Landis O' Ne a l M W lf'r e d l•l uniz Alon zo i Edwin W itehead No l an h Austin ~dward Oppenl bnder Randol ph Harrison Pome r oy Da niel Quete ll Ramirez Dale Hedri c k Ra tliff J ohn Re g an Rh ore r Har old Wi ll iam Rice Clif to n Rode s Da :v.:i!d Eugene Rule · Thmµadr J . Seaton, Jr, . **Wi ll iam Brown Sisco Harold De l be rt S lo ne Ric ha r d R , Snowden , J r . Thomas W est Spe c kman Ha rold Gl ee n Spe e r "\ i lli am Litse y Sull i van M lvin Tayl or Veatch, J r . e Robert 1Ioyle Wu l ton Ch ar les Edwar d W ittle , Jr . h Raph ae l E . W e ntjes i Rob er t P . Wi lli.ams Cha r l es ~aulbe rt Wolff Harold Fr a ncis Zi ndel l ·* With honor s **D1i:iploma awarded i n absentia Wome n's Division Clara Ly le Boone Kath r y n La ne Fr ance s Drown Ca l dwell M g ar e t Louise M Lend on ar c Jane th Nata lie Dav is *Ba r bara J e e n M ay Ell amae Dowe ll Nancy c h·e nault Noe Helen Elizabeth E llis Celia Gene Pa t ton Lucy Ann Fre eman Dolores Ruth Rada Vi r g inia W ke r Gross al *M ar a r et Lee Roller Elizabeth Carol Harmon Be ts y Et taline Roy a lty Ani ta Kathe ri ne W ells Af i f ie Salim Jabir F re d i ca -i:-vebe r W tehurst hi ll:Wi t h hon ors On the r e c onune nd a tion of Pr e sident Gi~o ve s t he fo llowing pr omotions in r ank and i here ases in s a l a r y we r e v oted: That J'.:1 iss 1\Bthe ri ne Ca rrero n be pr omoted to the po sitio n of ass ociate pr ofe ss or of h ome economi cs a ;, d h e r sala r ;,>7 be inc r ea sed $300 , m aki ng it $3 100 f or t he year , the new sal ~r y to b e g in Septe m ber 1, 1949. That M . Roy Elli s b e mad e acting head of th e Depar tme nt of 1-hy s i cs r and that hi s salary be incr-eased $400~ ma k ing hi s salary $3500 a year ; and new s ala r y t o be gi n Se ptembe r 1, 1949. Th at Dr . Fr e d W. Loetsche r b e made associa t e profe ss or in t he Depart ire nt of Bi olo gy a nd that hi s salary be incre ased $100 , ma king hi s · salary $3400 a ye ar, the new sala r y t o be g in Septe m r 1, 1949 . be L �222 f \ That Dr. J . T. i c hardson's sal ary be increased $500 a vear , making; h is s a lar y $4500 a y ear , the new s a lary to be g in Septembe r 1, 19li9 't'l, President Grove s a l so re porte d the emp loyme nt of M . VI/ . A. Di c k r 1-eddie as inst r u c to r in the De partme nt of Biology t o fi ll th e vacanc y c a u sed by th e r e si g na tio n of M . Hal Yingl ing , the sal a r y of M ~ Di c k - Peddie to be r r $2600 a year , be g inni ng Septe m r 1, 1949 . 1'his arrang ement was c o nfirmed . be Pr e s ident Groves als o repor ted the er1 plo yment of ,,Ir . Eugene !\Ti lson Anders on a s instruc to r in the Depa r t nent of M odern Lan g ua ges to fi ll the . vacanc y caused by the r e sig nati on of ivirs . J e anne Lutt reJ. l. M . Anders on ' s r salary is l:;o be ~2 700 a year , be i nning; Septembe r 1 , 1949 . Thi s arrangement wa s c onfi r me d by ~h e Doar d . Dr . Cow an appointed t he fo ll owi ne; c ommit tees of the Board of Trust ,;e s for 1949 - 50: Finan ce Committee - Log an Caldwe 1 1, cha i r man , rJr . BalL r, ,.fr . Lee, M . Lanie r, Dr. Cowan , i:lr . Sut cliffe; r Bui l din s and Grounds Committee - M r. Sutcliffe , ch ai r man , t·,tr . Nev in , .Mr . Jones; Honorar y De r ees - M . Van Antwe r p , ch a i r m n , M . Joplin , Dr. r a r Fr ank Cal.dwe ll; Budget Comu ittee - M . Lanie r , ch airman , rur . I &chs ; r Financia l ? romoti on - M . Logan Caldwe 11, chair man , M . r r ~alte,;- ; . Mr . Lanie r; Frate r nitie s - iV[r. Log an Caldwell, chairman, M . Sutcliffe , M r r. Van Wink l e; Ph y sical Educati on Build ing Committe e - M . Sutcliffe , ch air man, r Mr . Jones , M . Ca l dwe l l, Ur . Nevin ; r Ath l etic Commi ttee - M . Log an Ca ldwd l , chairma n , M . Van Wi n '.cle , r r l • Van Antwe r p, M . Hage r , M . Jopl i n, Ji;1r . Noe . r r It was mo ve d and c arried that :11r , Hur;h Nevin be as ked to study th e la yout of the rooms in Old Centre wi th a view to r ec om.-rn.end in.c; r e - arrane;emants that would provide ·nore adequate s pa ce for the ad mi nistra t ive offices, e s pe c ially the offi c es of dean and r eg istr ar and of the vi c e - pres ident. M . joseph D. Har ki ns , Centre , 1 04, and pres ident of t he Kentuc ky r Da r Association , who i s gene ral ch airman of the beque sts campai g n f or Centre Colle ge , wa s invited to make a r epo rt to the Boa r d of Tr u ste e s on th e new br ochure on beque sts and a nnui t i e s which is nov be ing _ pre p ar ed to be s ent to lawy e rs , brust officers, and o the rs i nte r e s ted in the co lle ,e . ,,Ir . Harkins read the le t ter whi ch he ha s wr it ten to be s ent o ut ov e r hi s si nature wi th thi s b r ochure . This l ette r was a pprove d , and a una nimous sta nd ing vote was taken in apprecia t ion of t he wo r k that M . Harkins is doing i n con nection r with thi s ca mpai n f or Ce nt re Co lle P:;e • The fo l lowing r epo rts we r e made f rom _ 01m1ittees no . 1, no . 2 , and c no . 3 c onc e r n ing nomination s to i" ll the p l a ces on the Board of t h ose wh ose t er ms expire in 1949 an also conc e r .ing va c a c i es c a used by ·death and r esi gnation. �223 Commi tt ee no. 1 nomi nat e d M . Lo an Ca l dwe l l , r and 111r . Howar d Van i ntwe r p , Jr ., t o s ucc eed thems e lve s . nomi nate d !fr . Wil li am ·• Ca l dwe ll of t h e cl as s of '1 1 of t o f i ll the va c a ncy ca us ed b y th e death of "'r • lJe lson D. • J . ~ . Wi s eman , The c ommit t ee a lso Danvi lle , Ke ntuc ky , Hode s. Commi t t e e no . 2 nomi na t e d M . F r e d .A . Via. lli s and ,,1 . rtu r;h Nevin to r r s u c c eed t he ms e lve s and als o nomi n:c: ted 1.ir . Lo ga n Ca l dv,e ll to i' i ll the v a c a nc y caus e d b;/ the r esig n a tion of Dr . ete r P l e une . Committe e nQ. 3 re p orte d the f ollowi ng l e tte r f r om the a l umni secr etar y . 11 June 11, 1949 " Dr . W l te r A. Groves , Pr es id e nt a The Bo a ro of Tr us t ee s of c e nt r e Coll e ge Danville , Kentuc ky 11 The Boa r d of Di r e c t ors of t he Cent re Co l l ege Al umn i Ass oc iat i on, .L nc . , i n meet in,.; la s t ni ::;ht Fr iday , J une 10 ,_ 1949, tuo k the foll owi ng a c t i on with r e s pec t to t h e v aca n cy, eff e c t i v e f r om th i s da te , on t he Boa r d of Trus t e e s of Centr e Colle ge oc casi oned b y the exp i r at i on of t he te r m of off ic e of t h e pres e nt Al umni mem be r of the Boa r d of Tr us tee s: 1 l ·,1h e name of no a l u:.rnnus i s t o be pre s e nted t o t h e Boar d f or i t s c onsi dera ti on at this t.:..me ; bu t Lhet th e re commenci-t}ion o f an a l umnus to become Al um ni M emb e r of t he Bo a ro of Tr ste e s wi ll"r:be made t th e Fal l 191-e meetin of t h e f u ll Bo ar d , th e of fi c e of Al umni .,1eTT1b e r of the Boar d of Tr uste es to rema in v a ca nt unti l t hat t :.me . ' 11 " Rob ert L. liiye rs Alumn i Se cre t a r y" I n view of ih is l et t e r t he y r eported that to ma ke a t t h i s t i me . th e y had no r ecom nd a t i o n me I t was mov e d and carr ied thl:\t 1,lr . Log an Ca l dwe l l be e l ected t r ea s ur er of Cent r e Colle g e of Kentu c ky (from iJfa r ch 12 t o dat e 1,ir . Ca ldwe ll ha s be en t r eas ur e r pr o te rn ) . evi n re porte d on the ins pe c t ion of t h e h,ous e nt l.J.i2 VV e st Br oadway b y •tlr . A. Vv. W l ke r and himse lf in acc or d a nc e i th t he r eq ue st of th e Bui l ding s a an d Gr o unds Conunit t e e , a_nd on th e basi s o f this i·e por t i t wa s mov e d and ca r r ied th a t t h is house b e pu rch as ed at the b e st p ric e p oss ib l e fo r t he use of t he l oc a l chap te r of the Si :;na C;ii F'r &te r ni t y , the ar r an geme nt s fo r -li. i s p u rcha se t o li e l t a-ke.a car e of j ointly by the Build in' s a nd Gr ound s Commi t tee and the co m mit t e e · o n F r ate r niti e s . A to p limit wa s or al l y a pprov ed , but not incl uded i n the moti on . M . r 11 A l e tte r f r om the Int e r fra t e r ni t y Counc il o f the st udeht bod y L �224 requesti ng pe r mission to ~erve one meal a wee k in the f r at er ni t y h ous e s was referred to th e Exec ut ive Corn,~ ittee . Preside nt Grov e s e ported t hat the M 31, 1949 , a udit of th e fina ncial ay stat erre nt of the l oca l chapte r of ~h i De],ta The ta Fra t e rnity bri ng s to li E;h t t hat the chap te r h as accounts receivab le from ooti ve membe rs tot aling $1.392 and account s pa y a b le of $1771. G 0. It was move d and car r ied t ha t t h is situa tion be referred to t h e Committee on Fr a te r ni tie s fo r st udy and f u r t he r rec ommend a t i on . Col le · e 1he fo ll owing recommenda tion fr.om t h e 11l umnae Association of Centre K~ntu c ky was 'r e ad : 'l!J f! nAt the annua 1 meeting of the Alumnae Assoc iat ion• of Ce n tre Col l e ,;e of .1.entu c ky h e ld on J une 10 th, 1949, it wa s vo ted una ni mously to rec ommend t hat two women b e elected to membersh i p on the Boar d of Tr ustees of the Colle ~e . "Since t he pro mot i on of t h e ,1/ome n ' s Div is i on is to be o ne of t h e f ocal poi nt s in the forw a r d movement of 0.e o t re Co lle g e, it is t he opinion of t h e a l um nae th at t h e pre se nee of t wo wom n un the Board is a n e sse nt !La l e a nd i mporta n t ste p i n p la ming for the f uture . "Respec t full y s ub i tted, II M s . E. H. W r alte r " M . Zillah Redd iiopki ns rs " M . Roy Wi ld e r rs 11 Co mmittee fo r the Al umnae Assoc iat i on " Th e abo ve r ecomme ndation wa s a p proved_, and i n orde r t o co mp l y with t i, i s approved r ec orrune 1da t ion it was rn.o ved and carr ie d that t h e ch a r t e r be a me nded i n ac cord a nce \v ith i.ne pr ope r pr oc edure to _ allow f or an inc r e a s e of t h ree me mbers t o t he Bo ar d of Tr u ste es , ;naki nr; t he tota l. numbe r of t r ustees twent y- seven . On reco mrnend a t Lon of the Corn.mi ttee on Honorar y De gr e es s i t was voted to gra nt the h onor ar y de r ee of d oc tor of lette rs to M . Fr anc isca Tirona de rs Be nitez of M ni l a , P1 ili ppine I slan d, whe neve r she ca n be p res e nt t o r e ceive a i t , in ad d i t i on to h n or ar y de gr ees for the f a ll co mmenc emen t i n 1949 fo r Dr . a . Edw ard M c k of Oh io St ate Unive rsi ty a n d t he Reve r end W Rus s e ll Gilmo re of Lo u is vi l l e , Ken t u cky , alre ad y a prove d . !Ar . Lo ._; a n Ca l dw .: ll and M . Lisle Ba ke r r e porte d t h e f oll owi ng r e s o l ut io ns r on t h e dea th s of M . Ge org e A. ,..:c Robe r t s and 1ir . J.1 elson D. Rodes . Followi ng r t he r e p ort thes e r e s o l uti ons we re oved a nd c a r r ied . 0 �225 Ge or ge ;.,rc Rob e r t s "Since it s l a st me et ing , d eath ha s re mo ved fr om t he fellows h i p of the Boar d of Tr ustees of Ce ntre Colle ge M . Ge ro ge A. rhc Ro be r ts. r "He .ves a respected c itize n of Danville, a l oyal membe r of the Pre s byte ri an Church , a gentleman· of k ind l y spirit., an honored cornrnuni ty l e ader, a nd a ge ne rous and devoted a l umnus an c tr ustee of Cent r e Co lle ge . I n hi s pas sing fr om th is earth l y Ji fe , t he coll e :; e, the c hu r ch, and the community, as we ll as the :rembers of h is fooii l y , have suffe re d a gr eat lo ss . " Be i t , therefor e, r es ol ved : 11 1. That the Board of Tr us t e es recor d its 0 rl::lti tude fo r M r. M Robe:rts ' lon and faithful s e rvice to this institution , a nd c 11 2 . That a· c opy of thes e r eso l utions be s pr e a d up on the mi nut es of' the Board and a copy be sent to the family with the symp athy of the .Bo ard in the ir lo ss ." Ne ls on D. Rode s ''1:Ior d s can but poo rly c onvey ihe deep s ense of l oss experienced by t he t r us tees of Centre College in the pas s :. ng fr om our mid st of M . ·11 e lson r D. Rodes, for ma ny yea r s a membe r of this body . o man gave more g enerous l y a nd l avi sh l y of ti me and ene r gy , and lo ya l devotion , to the be st inte r e st s of the colle be , both as an institution of t ru e education and as a c h urch - r e l ate d c oller;e . As a me :nb er o f this body , he g; ave t o Ce nt re without st i nt of :n is s ple ndid wisdom a rrl experien ce, and -the love of a l oyarl ul umnus . His pla ce on the roste r of tr us tees wi ll be tak e n b y a nother . Hi s p l a ce in the memor y , the respe c t , and a ffectio n of those 1 h o knew him , .a 11 wil l not be f illed . "The mem or y of Ne ls on D. Rodes rill lone; b e cheris hed as an ac tive citizen of Danville . As a churchman , he g ave ge.nerously of t i me , e ner gy, and means, not.on l y t o the l oc al c ongr egatio n, but a ls o t o Yre s bytery , Synod, and Gener al ss e mb l y . lt wi ll be di ffi c u lt to fi ll h is pla ce , a nd he wi ll be long held in memor y as one who h e l d hi gh the st a nda.rd s of Christi an li vi ng . W cannot b ut b e mindfu l of the d e e peie loss suita i ned by his immed i ate e fami l y, and pra y for them the end ur i ng co nsu l at i on and a ss urance of those wh os e trust is in our God . 11 Be it r eso lved by the Bo ard of Trustee s of Centre t;olle ·;e that t hi s me mor ial be spread up on it s _minutes and that a c opy be se n t to the f a mily with the express ion of t he s ympathy of a ll the membe rs of the Board of Tr us tees i n their gr eat loss ." Th e report of M . Lo ga n Caldwe ll, t r easurer pr o tern of th e co ll eg e , r wa s mad e and approved . (See fi l es .) The r e port of the business manage r on the operational budget of the c o ll e ge was he ar d , and it was v oted to recei ve the r eport and commend him fo r the cla~ity of i ts s tate m ent . (See files .) L �co 226 On moti on it was voted to r e ceive wi th th an ks t h e gif t of th e p ainti ng of Co l onel J oshua Ba r bee , a member of the ori gi na 1 Boa r d of Tr u stee s of Centr e Colle ge in 1819 , f r om t the Rev erend Thomas Bu r bee of ;i.iexico , M issour i, a d esce ndant of Co l oriel J o s h ua Ba r bee a nd a gr aduate of Centr e Colle ge of the c las s of 1;i92 . The Re verend Thoma s Ba rbee h as alrea dy r e cei ved a l ette r thanking him for th is gift . It was moved and car r ied that the Board of Tr ustees end orse th e pr opo sed p lan t o h ave the Kentu cky Trust Company of ...,ouisvil l e , Kent ucky , act as c us t odian of the secur itie s of t he colle ; e and tha t the sug gested te r ms of t he Tr ust Company be :refer r e d fo r c e r tain c hange s to the Exe c utive Commit tee with pow or to ac t . It was mowd a nd c arried t h at the two t r us t agreements reported b y M . Lo ;_:; an Ca1dwe ll be approved . Agree ment no . 1 is ma de between Sco t t 11ud s on , r donor , and the 'J.'r u st Co mp any o f Ge or u ia , ard S cot t Hudson , II , the tr1JStee , in th e i nte r es t of' the donor ' s g rand - nephew, Sco tt Hud s on II I . Agre ement no . 2 is betw.een Scott Hudson, donor, and the Tru st Co mpany of Geor g ia , a nd Scott Hudson II , trustee, i n the interest of t r:e d onor ' s grand - nie c e , Ka therine Pa l me r Hudson . Copie s of t hese a gr ee m t s are to be f ound in the bo ok of en t r us t s and a gree me nts i n the vault of Cen t r e Colle g;e . [) Iii m.ot i 0nv 0d!'. Mn~. c.m s .ite -.;!Bake n t, t h e f oiLlowi ng reso l uti on was appro ved: " Re s olved , t hat s ubje c t to t he oovice and consent of the Bo ard of Ch r istian Educ ation of t h e Pres byteri an Chv.rc.:h and s ubje ct to s uch t e r ms ond co nditions s ug 0 e sted by that oa r d , proper -en t ries b e made t o elimi nat e the pres e nt a ppare nt i ndebtedness o f the Ce n t re Colle ge Corporation t o the Endo 1me nt Fund s of Cent r e Co l le g e . " On mot ion of M . Ba ke r t he fo ll owing r eso lution also was appr oved : r " Reso l ved, tha t the F' inance Commi t t e e in col.labo r a ti on with 1011.is Seelba ch , Genera l Co uns e l f or Centr e Colle ge , be autho r iz ed and dire cted to enter int o negotiati ons with such fi na nc ia l ins t i tuti ons as t h e Committee ma y ele c t l o oking toward t he b or r owing of $ 125 , 000 , in or de r t o c omplete t o the p oi nt of min i mum us ab l ene s s the giymna s ium now under co ns tr uction and to re po r t its .fi ndin g s and recommend ations to the Executive Co rrunittee at its ne xt rr~ eting and th at the Exe c utive Com,. !li tte e " be and is hereby lo thed with f u ll powe r to a c t to t his en d . 11 I t was moved and carr ied tha t M . Hugh Nevin be a u thor ized t o p l a ce r orde r s whe n ne c essa r y for bri.c ks needed fo r c onstru c t i on of th e physical educ ation bu ilding . The ® eting adjour ned . E lbe rt G. Sut cl iffe , Se cr et a r y �227 Meeting 01' the Exe c uti ve Committe e ,July 8 , 191+9 The meeting was opened wtth t- prayer by President Groves. The following members of the Executive Committee were present: Dr. Cowan, chairman, Messrs. Logan Caldwell, Sam B. Jones, Ike Lanier, Fred B. Wachs, Elbert G. Sutcliffe, Dr. Robert w. Miles; and of the Board of Trustees Messrs. Hugh L. Nevin and w. P. Caldwell; .and President Groves am Vice-President Stewart. It was moved that the business manager be authorized to make loans at '\:;he bank not to exceed $20,000 from the present time until September 15, 1949, for the purpose · of covering necessary ' overdrafts in the college bank account. It is noted that this authority ceases on September 15, 1949. It was moved and carried that the followin g resolution from the Finance Committee of the Board of Trustees of Centre College b e approved~ "WHEREAS, the supe:Bvision, management and control of all Endowment Funds belonging to Centre College of Kentucky, are presently vested in the Finance Committee of the · Board of Trustees of Centre College of .Ke~ooky, ~ , · 'twliEREAS., said Finance Committee has Ed.vised the Board of t he desirability of employing '.lhe Kentucky Trust Company of ~ouisville., Aentucky, as Custodian, to perform certain services in connection with the management and safekeeping of\ said Endowment Funds, and the securities comprising sames "NOW, THEREFORE, be it resolved that the said Executive Committee of the oard of Trustees hereby approves the employment of The Kentucky Trust Company, as Custodian of i ts Endowment Funds, and hereby authorizes, empowers and directs the Chairman of the Finance Committee to execute on behalf of Centre College of Kentucky, an agreement with said Kentucky Trust Company, which agreement is as follows i 0 "'THIS AGREEMENT, made and entered into the 8 th day of July, 1949, by and between CENTRE COLLEG OF KENTUCKY., a body corporate., incorporated E under the laws of the 3ate of Kentucky, hereinafter called the College, and THE KENTUCKY TRUST COMPANY, of Louisville, Kentucky, hereinafter. called the Custodian, WI TNESSETH: "' That the Colle ge has delivered to the Custodian certain securities and cash belonging to the Endowroont Fund of the College, a schedule of which is attached hereto, and made a part ,hereof., to be held and administered by the Custodian for the sole benefit of the College upon the following t erms and conditions: �228 "' l. The College has heretofore appointed . as its Finance Connnittee Logan Caldwell, Dr. J. R. Cowan, Ike Lanier, George F. Lee, Elbert G. Sutcliffe, and Lisle Baker, Jr. Said Finance Committee shall designate in writing to the Custodian-two representatives of the College either of whom is authorized to give instructions to the Custodian regarding the Custodian's duties under fuis Agreement, and shall notify the Custodian in writing of any change in the designated representatives. The Custodian may conclusively presune that any representative so designated shall continue to be duly authorized to act in that capacity until such time as it shall receive 'written notice to the contrary from the Finance \jolll!littee. " 1 2. The College agrees to notify the Custcxiian in writing at any time a change is made in t he personnel of the Finance Committee, and unt_ il such advice is given in writing, the Custodian shall recognize the Finance Committee aforesaid. "' 3. All registered securities held hereunder may be carried in the name of the Custodian. The Custodian guarantees that it.· will safely hold and preserve the securities delivered to it under the terms of this Agreement as provided and in accordaroe with the provi sions of Section 287.225 Kentucky Revised Statute, which is referred to ard made a part hereof as fully as if copied herein. The Custodian further guarantees that it will release and surrender such securities only on written order furnished it by the designated repres e ntatives of the Colle ge, or either of them, as he r einafter set forth. "•4. The Custodian shall collect income fro m the securities held by it hereunder and, after paying incidental expenses, shall remit the income monthly in accordance with the instructions of the designated representatives of the College, or either of the m, and shall also furnish a detailed list designating source of income. "'5• On written instructions of the desi gnated representatives of the Colle ge, or either of them, the Custodian shall make and receive deliveries of securities sold, purchase, exch an ged or redeemed, and shall handle the cash payments in connection therewith. It shall be the duty of the Custodian to pres e nt for collection any securities which may mature or be called for redemption and to notify by ordinary mail, at least one of the designated representatives of the College. It shall also be the duty of the Custodian to notify by ordinary mail, at least one of said designa -tad 0~ep:besentatives of the receipt of any ri ghts on securities held, and also oft the receipt of any stock dividends. "'6• The Custodian shall prepare and furni~~ to the Treasurer and to the Business M ger of the College, s~mi-annual statements of account; ana it shall als _ prepare and furnish to the Treasurer and Business M o anager of the College, an appraisal showing the market value of all securities and principal cash held hereunder as of t h e date of the execution of this Agreement and annuallythereafter; �229 and as annual compe nsation for its ser vices t he Custodian shall receive 1/10 of 1% on the first $1,000,000 of the market value of the securities and pri ncipal cash as shown by such last preceding annual appraisal, and 7/100 of 1% of market value on amounts in excess of $1,000,000, said compensation to be payable monthly. 7. The Colle ge through its designated represent at i ves, or either of them, may turn over to or withdraw from the Custodian any time cash and/or securities, which if turned over to the Custodian are to be held and administered according to aall the tenns and provisions of this Agreement. 11 ' 11 '8. This Agreement may be terminated by either party upon one month's written no t ice, and upon such termination the Custodian shall deliver to the designated representative s of the Colle ge , or either or them; all cash and securities then on hand as shown by a t nue accounting tobe hed between the parties, with out any compensation in addition to th at s hown under paragraph 6, above.' 11 Pursuant to the above resolution, the following agre anent proposed by the Finance Committee, whe reby t he securities of the colle ge e.ndowment fund are to be h e ld in a custodian account with The Ke ntucky Trust Company, wa s approved. That agree:roont is as follows: 'IHIS AGREEMEN'T, made and entered into the 8th day of July, 1949, by and between CE;NTRE COLLEGE OF KENTUCKY, a body corporate, incorporated under the laws of the State of Kentucky, hereinafter called the College, and THE .KENTUCKY TRUST COMPANY, of Louisville, Kentucky, hereinafte r cali ed t he Custodian, 11 WI TNESSETH: "That the Colle g e has delivered to the Custod i a n certa i n securities ard cash belonging to the Endowment Fund of the Colle ge, a schedule of which is attached hereto and made a part hereof, to be held and admi nistered by the Custodian for the sole benefit of the College upon the following terms and conditions: 11 1. The Colle ge has heretofore appointed as its Finance Committee Logan Caldwell, Dr. J. R. Cowan, Ike Lanier, George F. Lee, Elbert G. Sutcliffe, and Lisle Baker, Jr. Said Finance Committee sha 11 designate in writing to -the Cus t od i an t wo representat i ves of tile College, either of whom is auth orized to give iMtructiomt , to -the Custcxiian regarding the Custodian's duties under this Agreement, and shall notify the Custodian in writing . of . any change inthe designated representatives. The Custodian may conclusively presume that any representative so designated shall continue to be duly authorized to act in that capacity until such time as it shall receive written notice to the cont r ary from the Fi.nance Cornmi ttee. "2. The College agr e es to notify -the Custodian in writing at any time a change is made in the per sonnel of the Financ.e Committee, and until such advice is given in writing the Custodian shall reco gnize t he Finance Committee aforesaid. "3• All re gistered securities held hereunder may be carried in the name of the Custodian. The Custodian guarantees that it will safely hold and preserve the securities delivered to it under t he ter ms of this Agreement as provided and in accordance with t he provisions of Section 2 87.225 Kentucky Revised Statute, which is referre d t o and made a part hereof as fully as if copi e d herein. The Custodian f u rther 8~ r.aatees that it wi ll nelease a nd surrender such secur i ties only on written order furnished it by the desi g nated representative s of the College, or either of them, as herein after set forth. �co 230 . "4• The Custodian shall collect income from the securities.. held by it hereunder and, after paying incidental expenses, shall remit the income monthly in accordance with the instructions of the designated representatives of the College, or either of them, and shall also furnish a detailed list designating source of income. "5• On written instructions of the designated representatives of the College, or either of them, the Custodian shall make and receive deliveries of securities sold, purchased, exchanged or redeemed, and shall handle the cash payments in connection therewith. It shall be the duty of t he Custodian to present for collection, any securities which may mature or be called for redemption and to notify by ordinary mail, at least one of the designated representatives of the College. It shall also be the duty of the Custodian to notify by ordinary mail, at least one of said designated representatives of the receipt of any ri ghts on securities held, and also of the receipt of any stock dividends. 1 • "6. The Custoo.ian shall prepare and furnish to the Treasurer and to the Business Manager of the College, semi-annual statements of account; it shall also prep a-e and furnish to the Treasurer and Business Manager of the College an appraisal showing the market value of all securities and principal cash held hereunder as of the date of the execution of this Agreement and annually thereafter; and as annual compensation for its services the Custodian shall receive 1/10 of 1% on the first $1,000,000 of the market value of the securities and principal cash as shown b y such last preceding annual appraisal, and 7/100 of 1% of market value on amounts in excess of $1,000 ,000,said compensation to be payable monthly. "7• The College, through its desi gnated representatives, or either of them, may turn over to or withdraw from the Custodian at any t ime cash and/or securities, which if turned over to the Custodian are to be held and administered according to all the terms and pro visions of this Agreement. "8. This Agreement may be terminated by either party upon one month's written notice, and upon such termination the Custodian shall deli'ver to the designated representatives of the Colle ge, or eithe r of them, all cash and securi tie.s then on hand as shown by a true accounting to be had between the par-ties, without any compensation in addition to that sh own under paragraph 6, above." In accordance with the terms of the above agl"eement, paragraph 1, it was moved and carried that Mr. J..ogan Caldwell, t~easurer of the college, and Dr. J. R. Cowan, chairman of the Board, be desi g nated as the two representatives of the college a ut h orized to give instructions to the cv.stodian regarding the custodian's duties under the terms of .the agreement. It was noted that no further action was required at this time concerning the removal of the section of article 10 of the charter which would remove the present debt limitation of $100,000. According to the charter, this removal, already approved at the regular meeting of the Board of Trustees in June, is to be presented to the Synods of Kentucky in September and then will be pres ented to the full meeting of the Board in the fall for final adoption. �231 It was moved and carried that the matter of the amendment of the charter whereby worren members shall be aided to the Board of Trustees be referred to the Committee on College Organization for further consideration. It was moved and carried that Mr. Logan . Caldwell, the treasurer of the college, be authorized to accept a proposal from The Kentucky Trust Company to lend the college an amount up to $125,000 for ten years with interest at the rate of 4%. M Nevin and M Judd, engineer for the firm of Nevin and M r. r. organ, made a r e port of the bids of Rommel and Company for ~107,652 and of Mr. J. Fred Pace of $89,385 for the c ompletion of the playing floor of the new physical education building. After careful consideration, it v.as voted to award the contract to Mr. J. Fred Pace, who promises to have the building ready for use by December, 1949• Mr. William P. Caldwell, being present at the meeting, was duly sworn in in the presence of the Executive Committee and Miss Ruth A. Pope, notary public, as a member of the Board of Trustees. Mr. Logan Caldwell made a report on the present situation with regard to the Trimble Estate. Following this report, it was mo-red and carried that Mr. Joe G. Davis, attorney, be authorized to write Mr. Otis Bradley, attorney for M rs. Lee, the executrix of the Trimble Estate, stating that the Executive Committee of the Board of Trustees of Centre College of Kentucky believes that a reasonable time has elapsed since the death of Robert Trimble and that at present a favorable real estate market prevails and therefore urgently requests that the Los Olas property of the estate of Robert Tri mble be sold at the earliest opportunity. It was moved and carried that Dr. Cowan, chairman of the Board or' Trustees of Centre College of Kentucky, be author i zed to execute the waiver for payment of the legal fees as were requested µy the attorney of the executrix of th e Tri m ble Estate, Mrs. ~ee. ¥r• Logan Caldwell reported on the situation with regard to two mortgage notes past due held b y the college. He pointed out that in view of . the fact that every effort had been made to collect these notes without success it had become necessary to institute legal proceedings. President Groves presented a request from the young people's organization of the Negro Bap t ist Church of Danville, Kentucky, to hold a concert in the college stadium in May, 1950, by the world-famous baritone, _Todd Duncan, a native of Danville, Kentucky. Approval was voted to this request, and President Groves was authorized to communicate with this organization. President Groves read a letter from Vice-President Bark~ay thanking the trustees for the degree awarded him at the recent commencement. �232 Letters of thanks have been received also from M H. Roe Bartle, r. Judge Ida May Adams, md the Re ~erend Eugene F. Sma t hers for the honorary degrees which they received. Dr. Cowan announced a chan ge in the trustees' committee on f rat ernities, making Mr. Elbert G. ~utcliffe chairman in the place of Mr. Logan Caldwell, Mr . Caldwell remaining as a m ember of the committee. The meeting adjourned. Elbert Gary Sutcliffe Secretary Special M eeting of the Executive Committee August 24, 1949 At a called meeting of the Executive Committee of the Board of Trustees of Cent re College of Kentucky, heilid at the college on August 24, 1949, a quorum being present, the following resolution was unanimo usly adopted: RESOLVED, that the contract of sale d ated July 25, 1949, wherein Centre College of Kentucky agre ed to sell to John J. Jones and Jackson D. Guerrant, Jr., the remaining portion of the Evans lots located at the intersection of Perryville Pike and Quisenberry Avenue, Boyle County, Kentuc ky, which property is hereinafter described, for t he s um of FIVE THOUSAND ($5,000) DOLLARS, be approved, and that J. Rice Cowan, Chairman of the Board of Tr ustees, is ordered and directed to execute a deed pursuant to said cont ract, to t he said John J. Jones and Jackson D. Guerr ant, Jr., for t he following described property: A parcel of unimproved real esta te situa t ed at the intersection of the Perryville Pike and Quis enberry Avenue in Boyle County, entucky, and being Lots Nos. 17, 18, 19, 20, and 21, in K B:hock "A" of W est Danville Subdivision, a pl.at of which is recorded in Deed Book 35, page 640, Boyle County Cle r k's Office. Each of these lots has a fronta ge on the Perryville Pike of 60 feet and extends back 250 feet. Less, however, the pontion conveyed off of the above lots by Centre Colle ge of Kentucky to Boyle County, Kentucky, as shown by deed dated M arch 20, 1947, recorded in Deed Book 78, pa ge 362, Boyle County Clerk's Office, reference to which deed is made as fully as if copied h erein, r �233 And also less that portion, df same conveyed by Centre College of Kentuc ky to Commonwealth of Kentucky f or right• of-way purposes ~6r new u. s. Highway No. 150, deed dated March 21, 1947, recorded in Deed Book 78, page 368, Boyle County Clerk's Office, reference to which deed is made as fully as if copied herein. This is to certify that the above is a true copy of a resolution adopted by the Executive Committee of Centre College of Kentucky at a called meeting on August 24. 1949, with the following members present at the meeting: Dr. J. Rice Cowan, M essrs. Logan Caldwell, Ike Lanier, Sam Jones, and E. G. Sutcliffe. WITNESS M HAND this 24th day of August, 1949• Y Elbert Gary Sutllfliffe Secretary of the Executive Comrni ttee Centre College of Kentucky u L �234 Meeting of the Executive Committee September 9, 1949 Die meeting was called to order by the chairman, Dr. Cowan. Members present were Mr. Logan Caldwell, Mr. William Caldwell, Mr. Sa m Jones, Mr. Van Winkle, M Hugh Nevin of the Board of Trustees, r. D Cowan, President G r. roves, and Vice-President Stewart. Prayer was offered by President Groves. The minutes of the meeting of July 8 were approved as circulated, and the minutes of the meeting of Aug ust 24 were approved as read. Mr. William Caldwell was elected a member of the Executive Committee to fill the vacancy caused by the death of Mr. Ne lson D. Rodes. Mr. Logan caldwe 11 reported that the s. A. E. Fraternity is r e ady to go ahead wi th the purchase of the house at 143 North Fifth Street from M Frank M r. adaris. Therefore the previous action of the Executive Committee made at its meeting of i arch 18, 1949, authorizing the investment of $12,000 by the colle .; e in this property was reaffirm ed. The action of t he trustees at their meeting of March 18 is interpreted to mean that the colle ge shall invest not more than $12,000 in this property and therefore that any major renovation required other than ordinary maintenance, maid service, and janitor service, and furnish i ng of bedrooms in accordance with the agreement previously made shall be borne by the fraternity. 0 The report of t he special committee on college organization and function made by . M Lisle Baker, c hairman, was read, and after some r. discussion it was voted to lay this report on the table until the October meeting of the Executive Cormnittee. After a report from M Hugh Nevin, it was voted that Ivir. Logan r. Caldwell be given the authority to purchase for the new physical education building when needed 780 movable seats, basketball backboards, scoreboard, and electric clock. It was also voted that M Logan Caldwell be r. given a uthority to sign the necessary contracts for completing the heating, plumbing, and electric wiring, required to put the playing floor of the new buildin g in use. It was voted that M Logan Caldwell be authorized to withhold r. $500 of t he Farris Fund, to complete the fill required t o extend Farris Field to the south, to be used to purchase dirt at fifty cents per load. It is recognized that this arrangement will req uire a n indefinite time to compl ete this fill. I j �235 It was voted that Saturday, Oct ober 29, be set aside f or the f all homecoming and academic convocation. M R. L. M r. yers, executive secretary, was invited to make a report on the alumni financial campai gn for 1949-50• Mr. M yers made this report and was commended for the plans which are under way and with which a beginning will be made immediately. M R. L. M r. yers also reported on t he student promotion program. His report brought out t hat there are 204 applica t ions from new students received for enrollm ent in Se pte m ber, as compared with 186 at this date a year ago. M r. M yers further pointed out that th ere always may be some who ha ve been received but who, for various r easons, will not act ually r egister on the opening day of colle ge. Pres id en t G roves re ported a meeting with the budget cormni ttee of the trustees in July, at which ti me a tentative budget was drawn up. Due to the fact that neither M Ike Lanier nor M Fred W r. r. achs, the two mem bers of the tr us tees' budget committee, was present, i t was voted to hear the report of the bud ge t committee at the October m eeti ng . w~ anti m Presie, dent G roves r eported th a t th e tentative budget , including t he expenses of the vice-president's office and also t he amounts required for the f u nding of the debt .on the physical educa t ion build i ng to be incurred, sh ows a deficit of approxi mately $24, ooo. The bu·s iness manager made a report on t he operatio ns or the college for the ye ar ending June 30, 1949, showing an ope ra t ional deficit of $3,872.73. The business man ager pointed out tha t this deficit is explained by t he increased insurance premiums made necessary in the course of the ye ar and after the a pproval of the operational bud ge t by t he t r us te e s and t hat ot herwi se the colle ge had ope rated within :: the b u:lget • The business ma n i;g er also reported on the operati ons in the women's dining hall and the men's cafeteria. I t was pointed that the gains in the op erations of t he women's dining hall had more th an offset the losses in the men's cafeteria. M M r. eyer also reported steps which have been taken to improve t he financial operations in the men's cafeteria during the coming ye a r. Pre s i dent G roves r e por t ed on the death of Joe Pe nnington, for more om t han thl rty ye ars a faithful janitor at the W en's Colle ge. It was moved that the widow be paid $25 for the month of Se pte m ber and t hat M M r investi ga t e her circumstances a nd m r. eye ake a report to the trus tees at the October rreeting. It was reported by M Joe Davis t h at he is writing a letter to M r. r. Otis Bradley, attorney f or M rs. Lee, executrix for the Tri mb le es t at e, in accordance wi t h t he ootion of the Executive Committee at i ts me eting July 8 and that a simil ar letter is be i ng written by the attorney of Kentucky W esleyan Colle ge. L �co 236 It was moved and carried that the purchase of the new dormitor y furniture required for t he Sigma Chi Ho use, the Beta Theta Pi House, and now the s. A. E. House, totaling something over $4,ooo, be purchased by the business manager, the costs to be paid over a period of ten ye ars by the operational budget of the colle ge. In accordance with the letter of M Henry Offut of The Kentucky r. Trust Company of September 7, 1949, the following resolution was approved: It was moved, seconded and carried that Mr. Logan Caldwell, the Treasurer of the College, be authorized to borrow from The Kentucky Trus t Company, of Louisville, Kentucky, the sum of One Hundred and Tw'enty-five Thousand Dollars ( $125,000) or such lesser sums as may from time to time appe ar necessary not exceeding One Hundred and Twenty-five Thousand ($125,000) Dollars in the aggre ": ,. gate, the sums so borrowed to bear interest at the rate of four per cent (4%) per annum and to be paid on or before ten (10) years from date but in no case with principal installments of less than onefortieth (l/40th) of the total amount borrowed payable each three (3) months from da -re of loan or loans and M Caldwell is further r. authorized to execute the necessary papers and instru.l'Jlents to secure such a loan or lo.ans in a~cordance with the letters of The Kentucky Trust Company dated 1~ . 1949 and August 31, 1949, and to assi gn and pledge the income from the unrestricted General Endowment Fund of the Colle ge as collateral security for the repayment of principal and interest on any note or notes he may give in accordance with this resolution. It should be noted that this resol ution is simply an elaboration of a previous action of the Executive Cornrni tte e at its meeting on July 8, 1949. President Groves was also instruc te d to take to the Synods of Kentucky at their joint mee t ing in Danville on September 13, 14, arrl 15, the am endment to the cha rter removing the debt limitation in accordance with the action of t he Board on June 10 and 11, after having the wording approved by M Joe Davis, attorney , and that the two Synods be req uested r. to furnish the proper certification of these ac t ions in accordance with the reques t of M Offut of The Kentucky Trust Company in his letter of r. September 7, 1949. Adjournment. John M. Van W inkJfl Secrettry pro tem �237 Meeting of the Executive Committee October 8, 1949 The meeting was called to order -by President Cowan. , The meeting was opened with p- a~r by Vice-President Stewart. Present were President Cowan, Mr. Logan Caldwell, Mr. W illiam Caldwell, Mr. Ike Lanier, Mr. Sam Jones, M Lisle Baker, Dr. Robert M r. iles, and President Groves and Vice-President Stewart. The minutes of the meeting of September 9 were approved as circulated. The following re.solution pres ented by M Logan Caldwell, treasurer, r. with regard to the tr~nsfer of certain stock certificates, was moved and carried, this resolution to be si gned by all the members of the Executive Committee pre sent. "RESOLVED, that Logan Caldwell, Treasurer, be and he is authorized in the name and on behalf of Centre College of Kentucky to assign and transfer to The Kentucky Trust Company of Louisville, Kentucky, any and all securities, nc,,,v or hereafter, registered in the name of, or belonging to, Centre College of Kentucky, and be it further, RESOLVED, that all corporations, where securitBs are owned by Centre College of Kentucky, their transf er agent or agents, their Registrar or Regi~trars, their respective administrators, executors, successors and assigns, be and they hereby are authorized to recognize and treat The Ken t ucky Trust Company as the holder in fact and owner of all such ?ecpnities and the certificates representing sam for any and all purposes, including but not e limited to the payment or issuing of dividends in money or in stock to said The Kentucky Trust Company, and be it further, "RESOLVED, that said corporations, their transfer agent or agents, their registrar or registrars, and their respect i ve administra tors, executors, s uccessors and assigns, oo and they hereby are absolved from any and all responsibility and liability in following the said securities as being the property of Centre College of Kentucky." A resolution was passed authorizing M Logan Caldwell to borrow r. an amount not exceeding $11,000 to pay M A. W W r. . alker for the installation of the new stacks and renovation in the stack rooms of the library bu ilding. A resolution presented by M Logan Caldwell, treasurer, was r. passed authorizing him to borrow an amount not exceeding $24,000 to pay cont ractors for work in progress on the new physical education building. President Groves reported on the fall enrollment to date as follows: 437 151 588 L_ men women total �238 Of the 588 reported in the above, 22 are special students, though of this group of 22, 14 are practically full-time, so that full-time enrollrrent may be stated as 580 men and wo m en. It v,as noted that t his would not give us an average enrollment of 575, upon which the budget is based, so that a further revision will have to be made prior to i ~ s presentation to the f ull Board on October 28. President Groves reported the tentative program for the fall commencement and annual homecoming on Friday, October 28, and Saturday, October 29 . This program will include t he following: 2:00 p. m., Friday, October 28 Meeting of Board of Trustees in President's Office Friday eveni ng, October 28 M eeting of Board of Directors of W omen's College Saturday morning , 9:30 Academic Procession in front of Old Centre Saturday morning, 10:00 Academic Convocation, Speaker, Dr. Edward i~ck, Head of Che m istry Department, Ohio State University Noon Luncheon for Trustees and their wives and recipients of honorary degrees 2:00 p.m. Annual Homecoming Football G ame with Sewanee 4:30 p.m. President's Reception at Craik House Evening Annual Homecoming Dance Action was taken approving the notice already sent to the members of the Board of Trustees by President Cowan calling for the regular fall meeting at two o'clock on Friday afternoon, October 28. The following resolution was passed: "Effective as of September 1$, 1949, students who are permitted to register for less than twelve semester hours, or four subjects, will be charged at the rate of $18 per s emester hour. Students who are permi t ted to register for more than sixteen hours, or five s ubjects, in a semester, will pay, in addition to the general fee, at the rate of $15 per semester hour for all hours in excess of sixteen. Students desiring to audit courses will be charged for the privile ge." �239 President Groves reported a request from Mr. Ben Lane of the Department of Philosophy and Religion to accept a part-time position as director of religious education at the Finst Presbyterian Church in Lexington, Kentucky. This request was approved on the recommendation of President Groves, with the stipulation that the time involved be no more than Saturday afternoons and Sundays, and also with the further condition that this situation would have to be reviewed at the end of the fhis semester in the light of changes in Mr. Lane : s -· teaching ~ load . President Groves requested that all nominations for honorary degrees be sent at once tot~. Van Antwerp, chairman of the trustees' committee on honor.ary degrees, that they might be submitted for approval at the full meeting of the Board on October 28. These degrees will be awarded in June, 1950, or thereafter. President Groves reported the t installation aind renovation :iin the stack rooms of the library as about completed. Books are already being redistributed on the shelves, ard this improvement is a fine addition to the library. Mr • .1.,ogan Caldwell, treasurer, reported on the progress with the construction of1the physical education building, stating again the hope of the contractor that the building will be ready for use just prior to the Christmas holiday. President GrovE: s reported the request of Mr . Norris Armstrong to purchase a strip of land between his property and the college property immediately adjoining belonging to the Craik House. It was voted to defer rotion on this request until the next meeting of the Executive ~ommittee. Meantime, the matter is to be taken up with Mr. Armstrol-ig to determine ihe exact amount of land ard also the financial considerations involved. President Groves reported on an informal meeting with fraternity representatives, including faculty advisers, alumni advisers, student presidents of the fraternities , and the trustees' committee on fraternities, to discuss .various problems in the operation of the fraternity houses. Following this report it was moved and carried that the business manager be authorized to }'purblaase and have installed the necessary adequate hot water heater in the new Beta Theta Pi House . Dr. Claire Stewart made a report on progress to date in the alumni financial campaign. It was moved and carried to name the new physical education building "The Alumni Memorial Bttmlding. 11 L �240 The report of t h e s:rcecial c ommi ttee on colle ge organization, M Lisle Baker. chairman, as cont a ined in t h e letter of the committee r. to President Cowan, was presented and approved with the following modifications. l. It is understood that the president of the college will be called in consultation in connection with the work of the various committees named. 2. It i s understood that President Cowan will appoint the commi ttees as designa ted, namely, (l) committee on charter, etc., (2) committee on college executive• etc., and (3) committee on academic purposes. It was moved and carried that a rider be attached to the bond now coveri1.1; e mployees of t h e colle ge in the b usiness manager's office of $10,000, which also includes the college tr e asurer, by an amount of $15,000 specifically designated as an additional bond for the colle ge treas urer. The meeti ng adj ourned. Elbert G. Sutcliffe S9 cretary �241Meeting of the Board of Trustees October 28, 1950 The meeting was called to order by President Cowan. Prese nt were President John R. Cowan, Secretary _. E. G. Sutcliffe, Treasurer Logan Caldwell, and Dr. Frank Caldwell, Dr. Jesse Herrmann, M essrs. s. B. Jones, George Joplin, Ike Lanier, H. L. Nevin, Howard Van Antwerp, Jr., Fred W achs, J. E.Wiseman, J. M Van W . inkle, Jr., Lawrence Ha ger, and w. P. Caldwell, and President Groves and Vice-Pres i dent Stewart. Pra yer was offered by Dr. Frank H. Caldwell. The minutes of t he previous meeting were approved as circulated. A letter from Mr. Allan M. Burke and Mr. William F. Burke announc i ng the bequest of Mrs. Clyde Burke M illspaugh was read. This letter is as follows, "October 25th, 1949. "centre College Danville, Ken t ucky . "G entlemen: non October 16th Mrs. Clyde Bur_e M k illspaug;h, Sutherland ave., Belle Me ade, Nashville, Tenn., died and in her last W ll and i Testame nt provided t hat her home at the above address be given to her brot her (Robert E. Burke) and her sister (Ennna Burke Harris) for the duration of their lives, as a residence or as a source of income t hrough rent or lease. At the death of both parties the property i s to be divided as follows: 'One half share to Centre Colle ge for a loan scholarshi p, t he interest on which is to be e ay awarded annually to som worthy girl or boy who m need assistance in securing an education, preference being gi ven to my own family or their own descendants. The President of Centre College and t he 'trustees ar e to make the selections. The f und is to be called t he .ft'rederick w. M illspau gh Scholarship, in memory of a splendid gentleman and Past President General of the National Society, Sons of the American Revolut ion, who helped many worthy boys and girls during his life time. t The other half share in the home is bequeathed to six ne-phews ::: and ni eces. tt r n memory of her sister, Nell Brons t on Burke (Mrs. Luther Tiedeman), she also left a large walnut antique book case and the valuable books cont a i ned there i n to the Woman's Department of Centre College and requested that they be placed in the library. 11 The book case is at the Sut herland avenue address and, since the h ouse is t o be vacated at a v ery early date, it is hoped t hat you will arrange to have the book ease and books removed as soon as possible. "Yours very truly, The ESTATE OF CLYDE BURKE MI LLSPAUGH, Deceased Bys L Allan M Bur ke and W . illiam F. Bur ke Executors. it __.L_ _ _ ----~~~-.·c �242 The following degrees in course rec ommended by the faculty were approved: CENTRE COLLEGE William Fitch Burbank David Nelson Devol Roy Durr, Jr •. John Venable Edmunds Royce Bridwe ll Hedden Robert Bell Henry, Jr. Carl Hoppe, Jr. Harold Parker Hutton Peter A. Overstreet Harvey Thomas Reid, Jr. Harry Dalbey Robinson Wallace Rose Alan Vern on Shields Ansel Ora Si ngleton Sammie Gerald Stapleton WOMEN'S DIVISION O CENTRE COLLEG F E Marianne Davis Sue Stuart swan - M agna Cum Laude Carolyn Host Amme Keyes Whitfield On tpe recommendation of President Groves, it was moved and carried that in view of t he problem of balancing the budget on the basis of a probable enrollment of 500-525 students in 1950-1951, an incr ease of $25.00 in :~he general fee be voted for 1950-19 51, which will make this fee $450.00. President G roves read t he following statement concerning the matter of tax exemption. After some discussion this stateme nt was approved as being the opinion of the Board of Trustees on this matter. "The question of tax exemption is under discussion, and information is that there is a real possibility that a constitutional amendment may be submitted to the voters which would repeal or reduce t he tax exemption granted in section 170 of the state consti tu ti.on or that other le gisl ation might be introduced in the near future which would greatly limit or even elimin ate the tax-exemption privileges in K ucky ent for private institutions. President Francis Hutchins of Berea is a commi ttee of one from the church-related colleges of Kentucky to draw up a policy and program for these institutions to combat this kind of legislation. To do this, he needs a fairly cle ar statement of the views of the differant institutions represented. In response to his direct questions, I have drawn up the following statement for discussion of this matter by the Board of Trustees in the attempt to get a unanimous opinion from ourselves on this matter. That statement is as follows. "Private-cont rolled instit utions s erve the entire public. Centre Colle ge's doors, for instance, are open to all regardless of creed. Her graduates likewise serve in all possible wa l ks of li f e. The element of private control is simply to preserve and foster an element in American society which a l arge segment of our popililation thoroughly believes has worth for t he entire nation. It is work of t his kind, particularly in a ducation, which has furnished t he dynamic to all education in America. Tax• exemption privileges by the state are simply a recognition of this pub lie service by these non-profit ins ti t uti ons. �243 "However, this tax-exemption privilege should include only properties in actual use for the necessary and customary work of the institution, and s uch investments as are of a non-compe t i t ive commercial nature, like investments in stocks, bonds, and real estate mo rtgages. By necessary and customary work is meant all the educational, housing, feeding, library, and bookstore activities and the like. "This privile ge should not extend to commercial proper ti es for several reasons. In the first place, such an extens i on would mean that t he privilege would border on outri ; ht state support, and thus become a self-defeating principle, by which is meant that the f reedom of the independent school would be endangered by increased state control and thus its main reason for existence destroyed. secondly, such a privile ge could be ab used too easily and t hus bring e<lucation into competition with legitimate busin~ss enterprise, which would be both wrong in itself and also self-defeating f or the institution involve d , by which reference is made to the fact that the independent institution is dependent upon free commerce for its support, and t here f ore should not be in competition with it. "Another form or abuse is a com ination of business and philanthropic b interests whereby one b usiness enterprise is given a distinct advantage over other legitimate competition. Thi s occurs, for instance, when an office building is turned over to an institution for a nominal rental, thus enabling the business to avoid both taxes and eve n save on operation and m aintenance charge s. "Thirdly, it would easily be possible for one institution to de velop this privile ge in a given community to the point where it wo uld dry up tax income and prevent the proper development of other community services. "The church-related and non-profit pi, ivate colle ges should agree on the above, or similar pr i nc i ples, and t hen should continually state their case before all manner of cLvic groups and or ganizat ions a nd also have someone respo nsi ble to represent t heir inte rests at Frankfo:i:l t in the sam way that the American Council on Education and t he Association of e American Colleges do in W ashington, D. c.tt Pursuant t o the inquiry of M j or Jones of the United States Army, a the trustees took action to renew the application of the college for the establishment of an R. o. T. c. unit, and t he followin g order or preference in the application for such a unit was also voted: 1st 2nd 3rd 4th choice choice choic.e choice 5th choice 6 th ch oice L Anti-aircraft Artillery Armore d Cavalry M ilitary Police Tra ns portation Corps Quarte rmaster Corps Field Ar tillery �co 244 To fill the vacancy in the Board of Trustees from Committee =/1:l in the class of 1953, this committee recommended and the Board of Trustees voted to appoint M iss Amelia Yerkes of the class of 1901 of Danville, Ky. To fill the vacancy on Committee #2 IDn the class of 1950, Committee recommen:l.ed and the Board of Trustees approved the appointment of M iss Juliet Poynter, member of the Board of Visitors of Shelbyville, Kentucky, to fill this vacancy. #2 The Board of Trustees, having previously approved a list of names from the Board of Directors of the Alumni Association to fill the vacancy in Committee #3 in the class of 1953, on recommendation of the Boa:rtl of Directors of the Alumni Association M Robert M r. cDowell of the class of 1914 of Loui sville, Kentucky, was appointed by the Bo ard to fill this vacancy. After hearing a report from President Groves on the situation with regard to the Department of Home Economics, it was voted that the administration of the college be empowered to abolish this department if and whe.n it was found expedient to do so. It was further voted that in the event of the aboli shment of t he present Department of Home Economics th at the facul t y committee constituted under Committee #3 on college curriculum of the trustees be requested to recommend to this committee the inclusion of appropriate courses in home mana gement and the like, which the curriculum of a woman's college would seem to require. Inasmuch as Justice M cReynolds permitted some discretion to the Board of Trustees in the use of his bequest and inasmuch as on this basis t he Board took previous action dated July 11, 1947, to use these funds for the renovation of Young Hall, it was voted tha t the amount of $45,958.49 of the M cReynol ds Fund listed in the auditors' report of August 31, 1949, under "Pooled Principal Funds" be charged off against the item already on the books indicating endowmen t funds used for plant investme nt, and specifically against the renova tion costs of Young Hall, thereby reducing the item of r.Endowment Invested in Institutional Plant." M Ike Lanier, chairman of the Budget Committee, presented the r. budget for 1949-1950, showing an anticipa ted deficit of $32,558.38. It was point ed out that this deficit was due to the faiet that contrary to previous budgets this budget included the entire cost of the funding of the debt incurred for the construction of the new physical education building and the costs for the promotional office of the vice-president. It was further pointed out th at the costs of the funding of the debt mi ght not be as much as anticipated in the budget and also that the deficit migh t be further reduced should the present al unni campaign be as successful as hoped. However, President Groves pointed out that the operational budget for 1949-1950, exclusive of the cost of the d~bt and also the vice-president's office, anticipat es a deficit of $7,333.38. W ith these observations it was voted to approve the ilbudget. �245· Mr. Log an Ca l dw e ll made his report as tree.surer. Hew as commended for the clarity of the statement, and it was voted to approve the repor t . ( R~port attached.} Mr. H. A. M eyer made the busine ss manager's report, s howing t hat, exclusive of expedi tures for capital additions amounting to $7,619.90, there was an operational gain of $3,746.87. However, since these capital expendi t ure s were paid for from the opera t ional budget, that budget shows an actual los,s of $3,873.03. Mr. M eyer pointed out further, however, that since, on t he instruction of the Boa rd of Trus t ees, the fiscal year had been changed from one ending on June 30 to one ending on August 31, it had been necessary to inc l ude operat io ns for July and August, 1949, so t hat the total bookkeeping deficit for the fiscal year of 14 mont hs ending August 31, 1949, was $65,323.55. A~e.in, thi s sum includes expendi t ures for capital additions for the 14 months ' period totaling $9,763.31. Mr. Meyer was commended for his fine report, and it was voted to approve it. The meeting adjourned. Elbert G. Sutcliffe Treasurer Meeting of E~ecutive Committee December 16, 1949 In the absence of the chairman, Dr. Cowan, Mr. Logan Caldwell was appointed as chairman of the meeting. Prayer was offered by President Groves. Members present were Messrs. W. P. Caldwell, Sam B. Jones, Logan Caldwell, and Ike Lanier, and Drs. Robert Miles and Jesse Herrmann, and President Groves and Vice-President Stewart. Record was made of the acceptance by Miss Amelia ferkes of Danvil l e and M iss Juliet Poynter of Shelbyville of their electi on to the Boa rd of Trustees of the college. The minute s of the meeting of October 8, 1949, were approved as circulated. (It should be noted that there was no meeting of the Executive Committee in November, 1949.) Mr. H. A. Meye r presented the report of the business manager, showing operations of the college for the first quarter of the fiscal year through November JO, 1949. Attention was called to the deficits in the operation of the dining hall at the Women's College and in the coffee shop on the men's campus. Mr. Meyer reported the steps being 1aken to rectify these situations. L �246 The remainder of the report shows that all operations are within the limits of the budget for the current year, though it was pointed out that it is going to be difficult to remain within these limits during the second semester when, due to the graduation of some thirty-five students, there promises to be a real decrease in over-all enrollment and therefore in general student fees and other fees for the second semester. It was voted to accept the report of the business manager. Vice-President Stewart made a report of his study of annuity programs in operation in colleges and institutions similar to Centre College. After considerable discussion the program as recommended by Vice-President Stewart was approved as follows: It is recommended that: 1. The college establish and organize a Depart m ent of Annuities under the direction of the Vice-President. 2. The annuity rates now used by leading colleges and charitable institutions (copy attached) be adopted as the basis upon which Centre College annuities will be written. 3. There be no deviation from these r ates without the approval of the Executive Committee. 4. The attached application blank and certificate be approved for official use in our annuity program. 5. The Vice-President be authorized to prepare the necessary literature and secure proper legal counsel so that the college will be ready to write annuities upon the above mentioned basis on and after January 1, 1950. The Executive Committee took further action that in view of the farreaching importance of this matter of an annuity program that final action and approval of the proposed program await the vote by mail of each mem ber of the full Boa rd of 'fll'tlst-e.e s ; · !;>resident Groves was instructed to poll the full Board on this matter, so that a report might be made t o the January meeting of the Executive Committee. Mr. Logan Caldwell as treasurer reported on the negotiations with the lawyers of Mr. and Mrs. Lee concerning the disposal of the Trimble Estate. Mr. Caldwell stated that the executrix, through these lawyers, had been requested to purchase outright the rights of Kentucky W sleyan College and e Centre College in the Trimble Estate, or else to place in trust, according to the original agreement, funds now belonging to the estate with some arra.~gements for depreciation costs for the Los Olas property, if that property is not to be sold and the converted funds also added to the trust in .the illll!ledia te future. Mr. Caldwell reported that he had not heard from the l awyers of Mrs. Lee for more than a month. On motion it was voted that l i ghts be installed in the basement of the ' physical education building at a cost not to exceed $3,100.00, this item being in addition to the contra.ct already authorized for the completion of the main auditorium and playing floor. �247 President Groves report ed the action of the students to have a proper picture of Dr. Hewlett painted by Professor Kellam and designated by an appropria te plaque, costs of picture to oe defrayed by students of the present student body and the cost of the pla que to be paid for by a gift from the graduating class of June, 1949. President Groves reported the rece i pt of a letter signed by Mr. J. T. Underwood, Jr., assistant state fire marshal, enumerating in detail changes to be ma.de in all college buildings in order to comply with the state fire laws. It was further reported that these changes had been gone over by Mr. Hugh Nevin, who had instructed Mr. Steiger concerning them. President Groves also reported that several major changes will have to be made in accordance with these d: n. tructions from the s tate fire marshal which will involve expenditures of s $1,000.00 or more, principally in the buildings on the women's campus. It was agreed that these changes should be made at once, in accordance with directions from the state fire marshal and Mr. Hugh Nevin. In order to stabilize arrangements with the different chapters of fraternities occupying houses jointly owned by the college and the fraternities, for the use of furnishings owned completely by the college in those houses, the following fonn of agreement was approved. AN AGREEMENT This Agreement between Cent re College of Kentucky, a corporation, with its principal offices in Danville, Kentucky, hereinafter called the College, and the. _ _ _ _ _ _ Chapter of the · , hereinafter called the Fraternity. WITNESSETH: First; The College hereby grants to the Fraternity the right and privilege of usi. ng the College's furniture, including furniture for sleeping quarters, mirrors, and such other items of household goods as have been or may be installed in the house occupied by said Fraternity, so long as said Fraternity shall ke ep the covenants and obligations h er e in set forth in a manner satisfactory to the College. Second: The Fraternity, collectively and individually, h ereby agrees to pay to the College at the Office of the Business Manager such rental as may be fixed by the College in its regula rly publ i shed ca talogue as being that rental fixed for fraternity dwelling units with chapters approved by the Trustees of the College. Such rentals as may be fixed are payable by the semester in advance, and it is understood and agreed that there will be no exceptions made to this article. Third: The Fraternity hereby agrees that it will cause its duly elected housemanager, or in the absence of its housemanager, its president, at the beginning of each college session or semester, or a t such times designated by the College, to file with Business Manager's Office of the College, a list of men residing in the house occupied by the Fraternity. Fourth: The Fraternity further agrees that it shall always keep _men residing in the house during the normal academic year, and should occupancy fall below ___ men it is understood and agreed that the Frate rnity shall hold itself liable to the College for tha t portion of money rent by which the total falls below the total money rent which would be paid by ___ men. L �c.c 248 ........ ~ i'-" "'T1 0 () Fifth; The Fraternity agrees that it will use everJ precauti_on to prevent its members, friends and guests from damaging or injuring in any manner any of the property of the College contained in the house, normal wear and tear being excepted. It further agrees that in the event of such damage it will replace or repair, or cause to be replaced or repaired, to the satisfaction of the College, those items damaged or injured. Sixth: The Fraternity agrees to hold itself liable for the theft or mysterious disappearance of any of the property of the College while contained in the hou~e. Seventh: The Fraternity agrees that it will cause its housemanager, or its president, to arrange for the proper securing of the premises, in which is contained the property of the College, during the vacation periods; and that it will cause him or them to report to the Superintendent of Buildings and Grounds or to the Business Manager of the College that said premises are secured by appropria te locks during such vacation periods. It further agrees that during extended vacation periods, such as the Christmas holiday and the summer vacation, it will cause one or more of its local members to make periodic checks, at least once each week, of the premises, to insure that entrance has not been forced and wilful damage done. Eighth: The Fraternity further agrees that it shall not, insofar as possible, permit any of its members, pledges or other persons to viol ate any portion of this agreement, and that in the event of any such violation, it will request the offender to forthwith leave the premises occupied by the Fraternity. Failure of the Fraternity, its pledges, membe_ s, officers or others r to comply with the terms of this claus e alone shall be deemed sufficient reason for the College to cancel this entire agreement. Approved by the Chapter of the _________ Fraternity at its regularly scheduled meeting held on the _____ day of 1949, at which _ _ _ of the active members were in attendance. ------' Accepted by Centre College of Kentucky this _ day_ of _...,..._, 1949. It was recommended that the business manager b e authorized to borrow from the Citizens National Bank up to $22,000.00 until Feb:raary 1, 1950, in order to enab.l e him to take care of necessary college operations. It was voted that the business manager be empowered to sign all co-insurance contracts for .the college. The following amendment to the action of the full Board on October 28, 1949, with regard to the disposal of the balance of $45,958.49 in the McReynoads Fund was approved: �249 Inasmuch as therE has been expended. $3,311.70 for furnishings for the home economics departmen.t in th.e Evans Hous e over and above all other gifts from Justice M cReynolds, that this item of $3.311.70 be charged against the balance of $45,958.49 in the McReynolds Fund and that the balance in that fund of $42,646.79 be charged off against the renovating costs of Young Hall, in accordance with the previous action of the Board of Trustees of 0. tober 28, 1949. c On January 21, 1941, Dr. J. Rice Cowan and Mr. Nelson D. Rodes were authorized as agents for Centre College of Kentucky as required by Section 571 of the Kentucky Statutes. It was voted that the agents of the college as required by that section now be designated as Dr. J. Rice Cowan and Mr. Logan Caldwell. On January 21, 1941, again in accordance with Section 571 of the Kentucky Statutes, the law firm repres enting Centre Coll ege was designated as Mr. Nelson D. Rodes of Danville, Kentucky. It is now voted that the law firm representing Centre College of Kentucky be designated as Joe G. Davis of Danville, Kentucky. President Groves reported on the change in plans concerning commencement and dedica tion exercises for Februa rJ 7, 1950, made necessary by reason of the fact that it is nbw evident tha t the physical education building will hot be ready ·for dedication on that date. It was vot ed that the president be authorized to make ar·rangements as to tim e and place, etc., for commencement for Februqry 7, 1950, at his discretion. 0 It was also voted to recommend to the Boa rd of Trustees that Governor Adlai E. Stevenson, the speaker of the occasion, be awarded the honorary degree of doctor or laws. President Groves reported discovering a document showing 71 scholarships totaling $72,000.00 which had come to Centre College of Kentucky from Central University of Kentucky at the t i me of the merge r of t hose two institutions. As soon as more informat i on can be obtained concerning the specific purposes of ·the se scholarships, a recommendation will be made to the Executive Committee for future use of' these funds. President Grove s r eported a g i ft of $3, 000. 00 from The Courier-Journal and Louisville Times Company fr om Mr. Barry Bingham in memory of h i s ~ather, who was for a brief interval a member of the Board of Trustees of Centre College of Kentucky. This gift came by way of Mr. Lisle Baker, who was given authorization by Mr. Bingham to designate the use of these funds. On motion it was voted that President Groves be given discretionary power to use these funds as outlined in the l e tter of Mr. Baker of December 13, 1949. In order to remove from the books two items under student loan fund, one a balance of $547.50 from the Citizens National Bank and another item of $600.00 due to the student loan fund from the general fund of the college, it wa s voted that these assets totaling $1147.50 be paid into the scholarship endowment funds of the college, and the e~ings of this sum be added to other scholarship income to be u s ed for scholarship purposes. �cc 250 ~-" ~h,, '-z:l c-~ () The business manager reported expenditures totaling $4504.96 for the purchase of bedroom furniture, etc., in accordance with the fraternity house plan as altered October 16, 1948, for the local chapters of Sigma Chi, Beta Theta Pi, and Sigma Alpha Epsilon Fraternities. It was voted that this money be paid from the operating budget of the coll ege, to be amortized over a period of ten years. President Groves reported a request from the Western Kentucky Gas Company for permission to install a small building 6 feet by 8 feet and 4 feet in height for enclosing a gas regulator on the college campus somewhere to the south of the present hedge on Walnut Street between College Street and Beatty Avenue. On motion President Groves was requested, to advise the representative of the Western Kentucky Gas Company that the request be submitted to the Board of Trustees, including sketches, in writing to the Board, so that they might be able to submit the entire proposal both to the legal advisers of the college and also to the college architect for their recommendation. A report was made concerning the recent bids on the proposed fraternity house showing that the total low bids exclusive of side porch, plaster and trim on the third floor, driveway, concrete walk from the street to the building, grading, and architects' fees are $45,429.85. In this same connection a letter of December 13, 1949, to Mr. H. L. Nevin from Mr. E.T. Boles, of the class of 1916 and an alumnus of the Phi Kappa Tau Fraternity .interested in cbnstructing the building, was re ad. This letter proposed certain add itional expenditures by the fraternity and the college over those already agreed upon in order to make the construction of the house pos s ible. After full discussion, it was moved and carried that President Groves asknowledge Mr. Boles' letter, making it clear to him that the college could not undertake the construction of this fraternity house unless there was absolute assurance that it would not be called upon to exceed in any way or for any item or i terns the total of $28,000. oo ·:already agreed upon, and unless and until the fraternity would make a total deposit covering all additional costs over and above the $28,000.00 advanced by the college which would be made necessary for 1he completion of the approved building as planned. It is also understood that Mr. Nevin will be consulted concerning the possibility of cutting down the costs of the house in accordance with the request of Mr. Boles and concerning actual costs involved for grading, planting, sodding , driveway, and walks, so that these figures may be sent to Mr. Boles for his consideration. Adjournment. Claire M. Stewart Secretary pro tem �251 Meeting of the Executive Committee January 20, 1950 The meeting was called to order by President Gowan~. Present were Messrs. Logan Caldwell, William Caldwell, Sam Jones, E. G. Sutcli_ fe, Ike Lenier, Dr. Robert Miles, and President Cowan, and President f Groves and Vice-President Stewart. Prayer was offered by Dr. Robert Miles. The minutes of the meeting of December 16, 1949, were apProved as circulated. President Groves reported approval of the annuity program of the full Board of Trustees by a favorable vote from all nineteen members of the Board from whom votes have been received up to the present date. Mr. H. A. Meyer presented the report of the business manager, which indicates an operating gain for the current year to December 31, 1949, of $34,060.10. Mr. Meyer stated that a gain of $60,000 as of June JO, 1950, would be required in order to finish the year without a deficit. In this connection, Mr. Logan Caldwell, the treasurer, reported that the debt-funding operations on the Alumni Memorial Building will cost $6,150 during this fiscal year rather than the $20,000 as anticipated in the budget, due to the fact that the general contractor is not submitting his bills until a l ater date, thus eliminating the necessity of borrowing as much money as was anticipated. On motion it was voted to receive the report of the business manager. Y.ice-President Stewart reported on conferences with Mr. George Lee in New York as well as the annuity officers of the Board of Foreign Missions and the Board of National Missions of the Presbyterian Church, U. S. A. He also reported on the successful meeting with the two Centre College Committees from the Synod of the Presbyterian Church in the U. s. and the Synod of the Presbyterian Church in the U.S. A. These joint committees have proposed an over-all program for promoting the support of the college among the churches whereby every church will be urged to contribute to the college over and above its regular budget an amount equal to 4% of that amount which is now spent by each congregation for current expenses. When this program is successfully under way, it is hoped that the two Synods will raise as much as $30,000 per year in addition to the funds already being raised in these Synods for the college. Vice-President Stewart also reported a good meet i ng with a representative group from the Junior Chamber of Commerce of Danville, Kentucky, on a number of questions governing the work of the college and the relations between the college and the community of Danville. Executive Secretary R. L. Myers reported on the progress with the Alumni Fund campaign. According to the report to date, there have been approximately 220 individuals who have made eithP- r cash contributions or pledges. The total cash contributions are $9,288, and the total pledges are $2,352. In addition to these gifts there are other gifts which make the total approximately $12,500 which has been raised up to the .present. date. �252 Mr. William P. Caldwell reported for the Buildings and Grounds Committee on the proposal of the city to widen College Street between Walnut and Russell. This matter will be presented in further detail after the city engineer has made his plans, wh i ch plans will be re ady sometime in March. The report of Mr. Howard Van Antwerp, chairman of the Committee on Honorary Degrees, was read, indicating that the vote for the honorary doctor of laws degree for Gove'rnor Adlai E. St.e venson was unanimous. President Groves read a letter from Milton Farthing, one of the trustees of the Houston Endowment, Inc., stating that it would be impossible for them to establish the schola rship of $10,000 previously proposed this yee.r, but holding out the hope that it would be established in the near future. There was some discussion of the correspondence with Mr. E.T. Boles of Columbus., Ohio, concerning the proposed Phi Kappa Tau Fraternity house. The consensus was that the college could not consent to the building of the house unless there was assurance that for the outlay of $28,000 a completed house would be built. It was further agreed th.at the trustees' committee on fraternities with Mr. Nevin, President Groves, and Mr. Ike Lanier -should meet with Mr. E. T. Boles and Mr. Young of the national offices of Phi Kappa Tau in Cincinnati at a date arranged to uuit the convenience of all concerned. The present date has been set for February 8. President Groves reported on plans for mi d-year commencement on February 7, 1950. On motion it was voted that the Executive Committee approve the granting of degrees at this mid-year commencement to those students whose names have been approved by the faculty and submitted by the dean of the college. The meetingtdjourned. Elbert G. Sutcliffe Secretary Special Meetingof the Executive Committee February 7, 1950 The meeting was called to order by the chairman, Dr. Cowan. Prayer was offered by Vice-President Stewart. Members present were Messrs. Sam Jones, Ike Lanier, Logan Caldwell, Dr. Robert Miles, Dr. J. R. Cowan, and President Groves and VicePresident Stewart. �253 ' After a report by Mr. Pierce Lively and discussion by members of the committee, the following actions were taken concerning the deve lopments which have arisen in connection with the Trimble Estate. The following motion wa.s made by Mr. Lanier: 11 0ur position is, after consultation with Kentucky Wesleyan College, that the pa rties should abide by the agreement executed June 27, 1946, and that the Los Olas Centre property should be sold at this time, and the trus t s ~ i mmediately set up. We do not accept the offer of Mrs. Lee to purchas e the property at the appraised valuation of $160,000. However, it is our position that this property should be sold at this time for the prevailing fair market value, to be determined by an ind!3pendent appraisal or by bids or offers which may be submitted. We would agree to give Mrs. Lee first refusal of the property at such prevailing m rket value after same has been a determined as above set out. When such property is sold, it is the position of Centre College that at l east 5~ of the purchase price be paid in cash. 11 The motion carried. A motion was made by Mr. Logan Caldwell that the chairman of the Board be authori zed to sign the waiver for the exeuution of the payment of legal e xp enses in connection with the Trimble Estate as requested in the letter of Mr. Andrew Rogers of January 28. The motion carried. The matter of the type of investment to be made from the cash from the sale of the Los Olas property was discu ssed. It was decided question of the type of investment should be referred to the Kentucky Company, and their decision i s to be presented at the ne xt meeting of Executive Committee for approval. realized that the Trust the The matter of the Long and Fie ld mortgage was discu ssed. It was agreed t o keep this mortgage, provided it is acceptable to the Kentucky Trus t Company. The application of Mr. Keator for the renewal of his lease in the Los Olas Cen t re property until 1955 was discussed. The motion was made that the colle ge agree to the extension of the l ease of Mr. Keator to the space that he now occupi e s in the building. The motion ca rried. Dr. Cowan appointed Mr. Lanier and Dr. Mil es as a special committe e for a memorial minute on the death of Mrs. Herrmann. The meeting adjourned. Walter A. Groves Secretary pro tem L �254 Meeting of the Executive Committee February 17, 1950 The meeting was called to order by President Cowan. Prayer was offered by Dr. W. A. Groves Present were Messrs. Lanier, Wachs, Jones, Dr. J. R. Cowan, and President Groves and Vice-President Stewart. The minutes of the meetings of Janua ry 20, 1950, and February 1950, were approved as printed. 7, It was voted, hewever, to add to the minutes of February 7, 1950, the list of graduates of February 7, 1950, previously approved by the faculty, in accordance with the earlier action of the Executive Committee of January 20, 1950. That list of gradua tes is as follows: Bachelor of Arts Centre College Edward B. Baskin John Sherman Malone Ira C. Belcher Seldin George Metzler, Jr. Joseph Wallace Brummett Donald R. Moore William P. Clancy III Thomas Irving Moore Harold Thomas Crutcher ••Harvey Thomas Reid, Jr. Gerald Frank Bagerstrom William Welch Rochester Harry Edward Flowers Richard. Rosenstone James L. Frutchey Everett Wayne Sandlin Thomas Houston Hardy Joseph Kingsley Skillings, Jr. Shigeru Inouye Charles E. Stoll, Jr. J. Ke ith Lancaster Louis ' Rae Straub *Rodney Thomas Luttrell Robert George. W widerhold John Pope Wilson Women's Division of Centre College Christine Bright Nona Lela Brumback •cum Laucle •• Completed req~ r rements August 12, 1949 The business manager, Mr. H. A. Meyer, made his monthly report. The report indicates that all food operations are operating with a slight surplus, with the exception of the operation in the "Hangout" on the men's campus. This report of the business manager was rece i ved and approved. It wa s moved and carried that Mr. H. A. Meyer be instructed to investigate the cost of an adequate dishwasher and refrigerator for use in the 11 Hangout," and if the costs total not more than $1200, the purchase of these items was authori zed. It is the expectation tha t with the ins tallation of this equipment it will be poss ible to give bett e r service in the 1Hangout 11 and also elimina te cons iderable cost :6or service. �255' Dr. Cowan reported on the present situation with regard to negoti ations concerning the Trimble Estate: (a) The Trustees of Kentucky Wesleyan have concurred with the Executive Committee of Centre College in permitting the lease by Mr. Keator for the Los Olas property. (b) The waiver for attorney's fe es approved by the Executive Committee has also been approved by the trustees of Kentucky Wesleyan. (c) The Kentucky Wesleyan trustees concurred in the resolution with regard to the sale of the Los Olas property. (d) Further information and advice are being sought on questions raised by the letter of Mr. Andrew Rogers of the firm of Davis, Polk, Wardwell, Sunderland, and Kiendl of January 27 representing the interests of Mrs. Lee with regard to bonds and certain changes in the agreement with regard to the Long and Field property of Fort Lauderdale. President Groves repo r ted on the meeting in Cincinnati with representatives of the Phi Kappa Tau Fraternity with regard to the construction of the Phi Kappa Tau House. The Phi Kappa Tau Fraternity has agreed to pay for all expenses for the construction of the hou se over and above the $28,000 pledged oy the college. The fraternity has already furnished securities totaling $10,000, the note of $5,000 of Mr. E.T. Boles, and the national executive committee of Phi Kappa Tau has promised to deliver ari additional $5, 000 for the construction of the house. Items both immediate and future as listed in letter to E.T. Boles of FebruarJ 10, 1950, totaling $6,624.85, over and above the $45,000 already provided by the college and the fraternity are to be taken care of by Phi Kappa Tau as these expenditures are approved. All these items are a part of the original construction of the house. President Groves read the letter of Mr. E.T. Boles of February 14 explaining the ownership of the securities of $10, 000 as belonging to Centre College, and the Executive Committee approved the ' deposit of these securit:1£s with the Ohio Company. President Groves also ~ead the terms of the personal note of Mr. Ewing T. Bol es for $5,000, the amount· to be us ed for the construction of the Phi Kappa Tau Fraternity House. This note also was approved by the Executive Committee. President Groves reported on a letter f rom Houston Endowment offering Ce.ntre College a scholarship of $3,000 in honi:,r of Chief Justice Vinson and. another scholarship of $3,000 in honor of Vice-President Barkley. Inasmuch as it does not seem wise to use the phraseology designa ting these scholarships suggested by the Houston Endowment, President Groves was authorized to write an appropri a te letter to the trus tees of the Endowment sugge s ting certain chant;es in wording. L �256 In reply to a letter frooi Mr. Elmer Hamilton, real estate broker from Hillsboro, Texas, regarding the sale of the Hillsboro farm, it was moved and car ried that the business managerreply to Mr. Hamilton that the farm is not for sale. After some discussion of the matter of loans by the college to memb ers of the facult y and staff, it was moved and carried that no 11 construction11 loans be made to any membe r of the faculty or staff under any consideration, due to the very intricate legal questions involved, and tha t no further loans be made by the college to members of the faculty and staff until investigation has been made of the experience of other institutions like Centre College and a report has been made to the Executive Committee of the Board of Trustees. It was moved and carried that the busines s manager be autho r ized to borrow from the Citizens National Bank of Danville, Kentucky, up to $22,000 until June 30, 1950, to enable him to take care of any necessary ove r drafts on the college checking account. President Groves made a report of his visit to Florid.a, stating that 27 alumni in 11 different c i ties had been visited, and a number of other visits had been made upon friends of Centre College, all in the interests of student and financial promotion. A report of Mr. Robert L. My ers, exenutive secretary, was read indicating that to chte applications have been received f or the fall of 1950 from 25 men and 36 women. Mr. Myers also reported on pl ans for student promotion during the spring and summer. Mr. Myers reported that t to date 267 different contributors have paid into the .Alumni Fund $9,912.22 in cash and $2,898.50 in pl~es, or a total of $12,898.72. The second stage of the annual Alumni Fund campaign, namely, the mailings for this campaign, is just now beginning. The meeting adjourned. Walter A. Groves Secretary pro tem Mee t ing of the Exe·autive Committee March 17, 1950 The meeting was called to order by President Cowan. Prayer was offered by Dr . Robert Miles. Present were Messrs. Cow an, Logan Caldwell, Jones, Miles, Herrmann, and Pre s ident Groves and Vice-President Stewart. �257 Mr. Meyer made the report of the business manager, pointing out that $24, 000 over and above present receipts were needed from tuition fees between now and the end of August in order to meet the budget estima tes from tuition. He pointed out further tha t due to the decrease in enrollment the second semester it is not likely that this amount will be received. He further pointed out tha t on present estimates it appea rs tha t we will have a defici of $13,000 for this ye a r. This deficit estimal:ld at . the1- ..-" present ·•time 'i.i s ... not as much as the deficit estima:ed when the budget was adopted due to the fact that the debt-servicing fees for the loan on the new physical education building are likely to be considerably less than estim1.ted. On motion the report of the business mana ger was received and filed. President Groves read a letter of Mrs. Jessie Ball DuPont, which ac companied a gift of $1500. It was voted that an expression of thanks 'be sent to M rs. DuPont and that in acc ordance with her wishes the amount of her g ift be added to the general endowment. President Grove s also announced a pledge from Mrs. Bertram J. Cleaves (nee Mildred Port er) of $100 annually for a scholarship for a student from the mountain area, the scholarship to be in memory of the mother and father of Mrs. Cleaves, namely, De an and Mrs. A. E. Porter. It was vot ed that a letter of thanks be sent to Mrs. Cleave s for this scholarship_ gift. Pre s ident Groves reported the r eceipt of the financial statement of the national chapt er of Phi Kappa Tau and also the rece i pt of a letter from Mr. Richa rd J. Young, exe cutive secretary of t he na tional council of Phi Kappa Tau, informing the college of the approval of the fraternity of a loan of $5,000 to the graduate council of Phi Kappa Ta~ of Centre College, this money to be available whenever needed for the chapter house now under construct i on. Th i s financial s tatement and letter were received and filed with M Caldwell, treasure r. r. A letter fr om Mr. Vairin, lo9al superintendent of the W estern Kentucky all block build i ng t o house Gas Company, requesting permissi on to ins tall a sm a regulator for maintaining gas pressure on the Centre College campus was read. It was voted that the company be permitted to construct a brick blockhouse on college property a s near as pos s ibl~ to the corner of Walnut Street and Beatty Avenue, the s tructure t o confo rm to the plan submitted by the company under ~te of Februa rJ 28, 1950, and in accordance with the terms of their l et t er of March 14, p roviding that Mr. Nevin g ives his final approval to the proposal. President Groves reported correspondence with Dr. E. Fay Campbell of the Presbyterian Board of Chris• tian Education concerning the request of Dr. Campbell tha t the 'c oll ege approve of a decrease in it s appropri a tion from the Board of from $500 to $1,000 to be used to increase the a p, ropriation of the ~ Colle ge of the Ozarks, in view of their present financial situation involving accreditation. It wa s voted to uphold Pre sident Groves in his stand that the college has no right to determine approppi a tions from the Boa rd of Chri stian Educati on, and that the Board of Christ i an Education should assume this respons i bil i ty as its own. L �c.o 258 · -~ , ?f:~rs'h , President Groves report ed correspondence with Hanover, Transylva nia, Berea, Maryville, Davidson, Lafayette, and Hampden-Sydney concerning their policy with regard to loans to officers and faculty members of the college, the sum total showing that, on the whole, all of these colleges opposed such .loans, or, in the few instances where they were made, they were made on the basis of loans negotiated with any other individuals. After hearing this report, the Executive Committee voted that "Endowment funds shall not be loaned. to any director, officer, or employee of the college, or to any business which they own, or to any business corporation for whose management they are responsible. Neither shall any loan be made to any person or corporation upon the guarantee of a director, officer, or employee." It was agreed that this action shall not affect loans already made. It was voted that the bus i ness mana.ger be authorized to investigate the cost of necessary fold ~ng chairs for use in the new physi~al education build i ng as required for general convocations. On recommendation of Dean Jones and President Groves it was voted that M Dwight Steere be promoted to the rank of full professor with an annual r. salarJ of $3800, the new rank and sala ry to begin September 1, 1950. On recommendation of Professor Heck, head of the Department of History, Dean Jones, and President Groves, it waa ,avoted that Mr. Walter R. . Gattis, Jr., instructor of political sc i ence, be promoted to the rank of assistant professor, at a sala ry of $3, 000 a year, rank and sala ry to begin on September 1, 1950. O recommendation of Mr. Logan Caldwell, treasurer, it was voted n that the Finance Committee of the trustees be given authority with regard to any changes in the amortization program of the Long and Field property of the Trimble Estate and that the committee also be given the authority to select the type of securities acceptable for investment of the funds of the Trimble Estate as per requests contained in let t er of January 27, 1950, from Mr. Andrew Y. Rogers. The meeting adjourned. Claire M. Stewart Secretary pro tem r �259 Meeting of the Executive Committee April 21, 1950 Prayer was offered by President Groves. There were present Dr. J. R. Cowan, . chairman, Dr. Miles, Mr. Logan Caldwell, Mr. w. P. Caldwell, and President Groves and Vice-President Stewart. On motion by Dr. Miles, seconded by Mr. Logan Caldwell, it was voted to recommend to the June meeting of the Board of Trustees that the salary of Dr. Groves be increased from $7,500 to $9,000 per year, the account for expenses and other prerequisites to remain unchanged. ~The above action wa s iaken with President Groves and Vice-President Stewart absent.) The business manager, Mr. Meyer, made his financial report, showing a comparative statement of income and expense through March 31, 1950. On motion by Mr. Logan Caldwell, seconded by Dr. Miles, it was voted to approve the report of the business manager. The matter of the purchase of 300 folding chairs for the Alumni Memorial Building was discussed, and it was voted to defer action on this purchase until quotations have been re.ceived from local merchants for this item. The minutes of the meeting of April 8, 1950, of the Finance Committee were read, and it was voted to incorporate these minutes as follows in the minutes of the Executive Committee. SPECIAL MEETING OF THE FINANCE COMMITTEE April 8, 1950 The meeting was called to order by the chairman. M embers present were Dr. J. R. Cowan, Messrs. Ike Lanier and Logan Caldwell, and President Groves. The following motion was made by Mr. Caldwell: In reply to a request contained in a letter of Andrew Rogers to Mr. Caldwell, dated January 27, 1950, concerning the type of investments for our trust from 'lttmble Estate funds, it is agreed that we prefer our investments to be in United States Government bonds as per Paragraph II, 2, (a) of Exhibit B to the agreement of June 27, 1946. However, s ince Mrs. Lee asks that we accept municipal and state bonds, we agree to comply with er request and accept such municipal or state bonds as are approved by investment counsel of the College. The motion carried. L �co 260 The following motion was made by Mr. Caldwell: With regard to requests in the above letter ' concerning the Long & Field Department Store mortgage, we agree that the Long & Field mortgage be held by the trust until maturity. However, we prefer that the present amortization schedule be maintained. The motion carried. The meeting adjourned. s/ Walter A. Groves Secretary pro tem Concerning the action of the Executive Committee at its meeting on March 17, with regard to the gift of $1,S o;;:-1 f rom Mrs. Jessie Ball Du Pont, it was voted that this amount be entere upon the books of the college in such a way as to reduce the debt of the operating account of the college to the general endowment fund. Pending recommendation by the trus tees' Committee on .Honorary Degrees, the following were approved for honorary degrees to be recommended to the full Board for balloting by mail. Mr. Paul Blazer, chairman of the Boar4., Ashland Oil and Refining Company, and commencement speaker, for the honorary degree of doctor of laws. Dr. W. B. Guerrant, class of 1913, president of Austin College, Sherman, Texas, for the honorary degree of doctor of laws. Dr. Friend Ebenezer Clark, professor of chemistry at Centre College from 1905-1914 and now professor emeritus of chemistry of West Virginia University, for the honorary degree of doctor of science. The Reverend Olof Anderson, pastor of the Harvey Browne Memor ial Church of Louisville, Kentucky, for the honorary degree of doctor of divinity. President Groves reported receiv cng the following letter forwarded by Mr. Lisle Baker, Jr., concerning the fann in Hill County, Texas, now owned by the college. Hillsboro, Texa s April 11th 1950 Mr. Ruel C. Walker Cleburne, Texas. Dear Sir:! have been fami l iar with the tract of land Southeast of Hillsboro now owned by Centre College for more than forty years. -1 �261 The western part or about one half the tract has some fairly good land, that is suitable for cultivation. While the east half is all what we call mountain land, and mostly white rock and suitable for pasture only, and not very good pasture. There are no improvements, except a small house not suitable for occupancy, and no water at all except a few small tanks. In my opinion a fair price would be $30.00 or $35.00 per acre for the tract as a whole. In fact I know of one party who will pay $10,000.00 cash · for the pla ce. If you think the College would be interested please let me hear from you. Very truly yours, s/D. B. (Dal) Frazier. P. s. There is no activity in oil leases at this time, and according to my information there is about 307 or 308 acres in the tract. DBF •. Fol lowi g the reading of this letter, the Executive Committee reiterate . its former action to the effect that it does not wish to sell this farm at the present time. On recommendation by Mr. Logan Caldwell, seconded by Dr. Mil e s, it was voted t hat insurance b e t aken on the Alumni Memorial Building for a term of one year at a cost of approximately $633.00, the policy to be issued by N. K. Tun t s and Company. Meaqtime, it was voted that the Buildines and Grounds Committee be asked to investigate the whole situation of the insurance on the old gymnasium and new Alumni Memorial Building and in particular to investigate the possibilities of the installation of a sprinkler system in the old gymnasium with a view to reducing both the fire hazard for the old and new buildings, as well as reducing the insurance policies involved. Tt was moved by Dr. Miles and seconded by Mr. W. P. Caldwell that the treasu r er be authorized to borrow up to $25,000 additional as needed. The motion was passed. It was voted that a ba~ance of $71.08 in the M cReynolds Fund be transferred to the Centre Forward Program to be used in the construction costs for the Alumni Memorial Building. President Groves report ed the pas sage of Title 4 of the Housing Act of 1950, which would enable the college to borrow money from the Housing and Home Finance Agency for constructlon of dormitories and faculty h ou ses, loans to be amortized within forty years and interest r a tes determined by a formula which would currently caus e them to range from 2 1/2 to 2 3/4%. It was voted t o reply t o the questionnaire of the American Council of Education a s to whether or not the college would wish to bowr ow any money in a ccordance wi th the terms of this a ct that at the present there wa s no need for such a loan. �262 On recommendation of President Groves it was voted that, beginning in September, 1950, students taking the work in practice teaching be charged a special fee of $30 for this course, $25 of which will be used to pay the practice teacher, and $5 of which will go toward the honorarium paid to Mr. Glenn, superintendent of schools in Danville, who supervises the program. In explanation it should be added that the college pays to the practice teachers of the local high schools $50 per student and an honorarium of $150 a year to Mr. Glenn for the supervision of this work. The above fee charged to the students will cover about half of the cost involved, the college paying the other half. President Groves reported the installation of the shrubberJ around Breckinridgg Hall by the Danville Garden Club at a cost of someth i ng more than $800. n motion it was voted to send a letter to the club thanking them on behalf of the trus tees and admini stration for this fin e gift. Mr. Logan Caldwell reported on items needed to be completed ove r and above those included in the regul ar contract for the Alumni Memorial Building in order that the building mi ght b e ready for 4edication in June, 1950. President Groves reported bri efly the program for the commencement on June 10 and 11. The dedication of the Alumni Building will be Sa turday afternoon, June 10. The alumni dinner will be Saturday evening , June 10. Sunday morning, June 11, will be set aside for the baccalaureate service, and Sunday af ernoon the commencement exercises will be held in the stadium, weather permitting. Otherw i se they will be held in the new Alumni Memorial Building. Adj ournmenh. W. P. Caldwell Secretary pro tem Meeting of the Executive Committee May 19, 1950 The meeting was called to order by the chairman, Dr. J. R. Cowan. Prayer was off ered by President Groves. Present were Mr. W. P. Caldwell, Mr. Logan Caldwell, Mr. S. B. Jones, Mr. F. B. Wachs, Mr. John Van Winkle, Mr. Ike Lanier, Mr . Lisle Bake r, Jr., Mr. E.G. Sutcliffe, and Pre s ident Groves. The minutes of the previous me et i ng s of March 17 and April 21 were approved as circul at ed and by special motion made an official pa.rt of the of the minutes of the Execu t i ve Committee. (It will be noted that ~oth of these meetings lacked a quorum, and hence the necessity of this special action.) �263 President Groves read a letter of resignation from the business manager, Mr. Herbert A. Meyer. It was moved and carried to accept with regret the resignation of Mr. Herbert A. Meyer, and in this connection the Executive Committee passed the following resolution: "The Board of Trustees accepts with regret the resignat i on of Mr. Mr. Meyer, a graduate of Centre of the class of 1930, will h ave completed twenty years of service in the college on June JO, 1950. He has served under four presidents of the college and during three periods of acting presidencies. These men would all testify that he has served loyally and unselfishly and always with the best interests of the college at heart. H. A. Meyer as business manager of the college. "The one who has to handle the 'purse' of an institution occupie~ a difficult position. He never escape s criticism, and Mr. Meye r has not, and yet no criticism has ever: attempted even to impugn his integrity or his devotion to Centre College. "Faculty, trustees, and students will miss him. The valuable link ·. wh ich existed between many alumni and the college through h i m cannot be replaced. His resignation is accepted with regret and a real sense of loss. All pray for him and h is family nothing but good in his new work. 11 It was also moved and carried that this resignation take effect in accordance with the request of Mr. Meye r on June 30, 1950, but that his salary be continued through August 31, 1950. After a full discussion of the situation a ris i ng from the legisla tion of the state leg islature approved on March 21, 1950, revising the interpretation of K. R. S. 158-.-020 (4363-8; 4399-49) ( the ·Day Law), as set forth in the letter of May 12 of President Groves, the following resolution was passed. It was the unanimous sense of the Executive Committee that there was no need to change the historic custom of Centre College as to the admission of Negro students. The following recommendations int~oduced oy President Groves with rega rd to faculty promotions were approved. That Dr. Alden G. Vaughan be promoted to the rank of full professor of ancient languages and oe made chairman of the gene'ral education course in the humanities. That Dr. Charles T. Hazelrigg oe promoted to the rank of full professor of English with a salary increase of $100, making his total salary $3800. That Mr. John Aden be promoted to the rank of associate professor of English with a salary of $3400. L �cc 264 ,-~ ~ That Mr. West T. Hill be promoted to the rank of associate professor of English with a salary of $3400. That Miss Marjorie Smith be promoted to the rank of assistant professor of physical education and that her salary be increased $100, making her total salary $2600. The following recommendations for salary increases in the faculty were approved. That the salary of Dr. Emma Moon be increased $100, making her total salary $3300 a year. That the salary of Dr. Arnold B. Come be increased $200, making his total salary $3700 a year. That the · salary of Dean Mary Sweeney be increased $100, making her salary a total of $3800 for the academic year of ten months. That the salary of Dr. Ca rl Misch be increased $100, makin~ his salary $3500. That the salary of Mr. Jack B. Kellam be a::ib.oreased $100, making a total of $3200. The following leave s of absence were approved. That the Reverend Donald E. Bartlett, associate professor in the Department of Philosophy and Re]jgion, be granted a le~e of absence for 1950-1951 · to enable him to complete his work for the doctor's degree and that Mr. Bartlett be assured of the desire of the college that he return as a full me m ber of the faculty at the end of his leave. The college, however, will have no financial responsibilities for payments to Mr. Bartlett during his leave due to the fact that he has been with the college such a short time. That Mr. C. Michael White, instructor in the Departmentof Economics and Bus i ness Administration, be granted a leave of absence to complete his work for the doctor's degree and th at Mr. White be assured of a position on the faculty on his return at the completion of h is work. The college, however, is to have no financial responsibilities for Mr. White I s salary during his leave of absence due to the fact that he has be en with the college such a short period of time. Resignations from the following members of the faculty we re received and approved. The Reverend William A. Hulick. Mr. Hulick has tendered his resigna tion to the college in order to complete his graduate work. Miss Katherine Cameron. The re s ignation of Miss Came ron was accepted as of June, 1950. Miss Cameron is to be married at that time. Mr. Elliott I gleheart. The resignation of Mr. I gleheart was accep ted to enable him to continue his graduate work in English. ....,.-.... �265 Mr. W. B. Lane. The resignation of Mr. W. B. Lane was accepted to enable him to continue his graduate work. Mr. Sam Siurua. Mr. Sam Siurua 1 s resignation was accepted due to the necessity of cutting down the personnel in the Department of Music until the enrollment in that department can be increased. Mr. Harve Oliphant. Since Coach Anderson feels that he needs someone who can be of more assistance to him, particularly in football, the resignation of Mr. Oliphant has been accepted. Dr. T. E. Cochran. It was moved and carried that the present arrangements with Dr. Cochran be r enewed for one more year, 1950-1951, but that he be notified that his services with the college will ot be required beyond that date. Dr. Cochran is already past 65 years ·, of age, and this is in accord with the retirement princ iple of the college as approved by the Board of Trustees in June, 194t ~ Mr. w. B. Merrel. On recommendation it was voted that Mr. Merrel of the Department of Music be informed that he will be engaged for only one more year on the faculty of Centre College. This step is made necessary by reason of the fact that there is need for a second person in the Department of Music able to make a wider contr ibution that is possible by Mr. Merrel. On recommendation of President Groves Mrs. Betsey Castleberry was engaged as associate professor of sociology at $3400 a year to take up her duties on September 1, 1950. Mrs. Castleberry attended the Presbyterian Synodical Academy in Fulton, Missouri, Christian College, Columbia, Missouri, and completed her undergraduate work at the University of Missouri in education. She has he r master's deg re e in sociology from Louisiana State University and at the present time is nearing the completion of her work for the doctor's degree in sociology at Michigan State College. Mrs. CastleberrJ has taught in the grade schools of Arkansas for one year, in the junior high school of Kennett, Mi. ssouri, for1wo years, and was assistant professor of sociology in Winthrop College, South Carolina, for one year, and occupied a similar position during the summer of 1948 at the University of Mississippi. At the present time she is gradua te assistant in research in the Department of Sociology and Antrhopology a.t Ea.st Lansing , M ichigan. On recommendation of President Groves it was moved and carried that Mr. Fred Arnicar be made act i ng business manager of the college for the time being until the trustees' committee on reorganization has eompleted its report with furth er recommendations as to the business management of the co 11 ege. M H. A. M r. eyer made the business maaager's r eport, and on motion his r eport was accepted. (See copy attached to these minutes.) �266 It was moved and carried that the business manager, Mr. H. A. Meyer, make a complete study of the insurance of the college with a view to having made an insurance audit and with the further purpose of requesting representatives of stock companies and mutual companies to make bids on the insurance required by the college. Mr. John Baker, janitor of the coll ege for the past thirty years, is an invalid confined to his home with little prospect of ever being able to do full-time work again. It was moved and carried, therefore, that John Baker be put upon a pension as of July 1, 1950, whereby he will receive one-half pay from the college for the remainder of his ltfe. His salary at the present time is $25 per week. It was moved and carried that the $500 recently received from the Board of Christian Education of the ~resbyterian Church in the U.S. A., which came to the Board for Centre College from the Sesquicentennial Fund of 1938, be added to the endowment of the college andred~cted from the amount owed by the college to the general endowment fund. Mr. Logan Caldwell made a report on the temporary completion of construction of the Alumni Memorial Building. A detailed report of the financing of this building is to be made by Mr. Caldwell at the June meeting. President Groves read the report of Mr. R. L. Myers of the status of the Alumni Fund to date showing that the number bf contributors is 551. Cash Received Pledges Total to Date $16,804.97 1,866. 18,670.97 The Alumni Office reported that a third general solicitation has just been sent out by mail and that the solicitation will be continued through the summer months by the caass managers. President Groves reported on progress with the construction of the Phi Kappa Tau Fraternity House. Amount paid to date for construction Estimated amount due June 10 Grand total to be paid by June 10 Amount on hand to make these payments Centre College Phi KapPa Fraternity to date Total Balance on hand after payments of June 10 have 1been ma.de Amounts due on July 10, approximate date for completion of building $16,865.83 12,955.83 29,821.66 28,000.00 5,455.00 33,455.00 3,633.34 17,607.19 �267 Deducting the $3,633.34, balance on hand as of June 10, from the above total of $17,607.19 will leave a balance of $13,973.75 to be paid by the Phi Kappa Tau Fraternity on the completion of the fraternity house. The request for a loan of $1500 from the undergraduate members of Phi Kappa Tau was presented by President Groves, but on motion it was voted to refuse this request on the principle enunciated in the action of the Executive Committee at its meeting of March 17, 1950, to the effect that endowment funds cannot be loaned to any director, officer, or employee of the college. It was felt that it would be unwise to violate this principle even in the case of undergraduate students, since the only funds the college has available are those of its endowment. The recommendation of President Groves that fraternity houses be closed during the summer months was approved, with the proviso tha t investigations be m ade to assure that the closing of these houses will not interfere with the provisos of their insurance policies. President Groves reported a µnanimous vote of all twenty-four members of the Board of Trustees on the recommendations for honorary degrees submitted by the trust ees' committee. These recommendations are listed in the minutes of April 21, 1950. It was moved and carried that the full meeting of the Boa rd of Trustees be called for 10:00, Central Daylight Saving Time, Saturday morning, June 10, and that the Executive Committee meet the same day a t 9: 00 a.m., Central Daylight Sav1.ng Time. Pre sident Groves reported from the admissions office that to date applications from men students for September, 1950, total 82, from women students, 87, making '..a total of 169 applications, which compares with a total number of ~45 as of the same date one year ago. Adjournment. Elbert G. Sutcliffe Secretary Meeting of the Executive Committee June 10, 1950 The meeting was called to order by the chairman, Dr. J. R. Cowan. Prayer was offered by President Groves. Members present were Dr. J. R. Cowan, Messrs. E. G. Sutcliffe, Logan Caldwell, J.M. Van Winkle, Ike Lanier, Sam Jones, and W. P. Caldwell, and President Groves and Vice-President Stewart. The minutes of the meeting of May 19 were approved as circulated. �268 President Groves reported on the work of the committee on student relations of the Board of Overseers of the college. It was moved and carried thatthe report of this committee on student relations of the Board of .Overseers be accepted in principle and that the apPreciation of the Board f or the work that has gone into the activities of this committee and the many g ood suggestions which the report contained be expressed to the Board of Overseers and that further a sepa rate letter of appreciation be written to Mr. Nichos Dosker, chairman of this committee. It was moved and carried that Dr. Groves be authorized to sign the conveyance of the right of way on the G winn Island Loop Road to the Boyle County Fiscal Board in accordance with the following petition. TO THE BOYLE COUNTY FISCAL COURT: We, the undersigned property owners, for am in consideration of improvements to the Gwinn Island Loop Road, do hereby convey to the Boyle County Fiscal Court and dedicate to public use that portion of our land necessary to secure a thirty (30) foot right of way (30 feet from existing fence row of R. W. Gwinn on inside of loop road). It is further agreed that we will not obstruct any ditches along side this road and when entrances a r e needed to our property we will, at our own expense, furnish and install under the direction of the Road Engineer, pipe of prop er size and length so as not to obstruct ditches as mainta i ned by the Boyle County Road Department. It was moved and carried that the petition submitted by approximately 104 students of the men's student body making certain suggestions for more student jobs be approved and that since the petition contains recommendations of m uch merit it be r eferred t o the president and the Buildings and Grounds Committee of the trus tees for further consideration and action... It w s moved and carried that the itemized repairs necessary for a the Fry House, now occupied by the D. K. E. Fraternity, as listed b~ Mr. Steiger totaling approxima tely $1600 includ ing l abor costs be undert·a ken at the expense of the college to be cha rged to the op eration and ma i ntenance account for the fiscal year 1950-1951. New asphalts1.ate-c olored roof one estima te received from Edmiston Brothers New 325 #= per sq. put on over old tin with extended tin over ends of roof t o keep rain from gett i ng into walls New 215 I per sq. , take off old roof and replace wi th neWC $830.00 $850.00 �269 4 new windows complete on second floor $ 90.00 New tile ceiling on l a rge room on left, ,also on front porch 225.00 New 2" moulding on all the baseboards to hide sagging floors• 40.00 New door-facing on all doors on front porch 7.50 $anding and varnishing second floor bedrooms 25.00 New floor on front proch using mostly old flooring 50.00 General painting of floors and touching up cost of paint 25.00 Plastering wall and ceiling in back hall by shower room 50.00 $1362.50 Total Labor on above items in many instances is not included as work will be done by college workmen. It was further agreed that upon the completion of these repairs the room rent charged to students living in the house be the same as that charged for those living in the men's dormitories, namely, $150 per year. It was moved and carried also that after the above expenditures are made that the D. K. E. Fraternity be requested to continue its drive for further funds for the fratern i ty houe and that this money be kept in a separate account by the college until $5,000 is collected. It was further agreed that all future capital i mprovements in the Fry House, which is used by the D. K. E. Fraternity, up to $5,000, be spent out of this account. When this total has be en expended, it was agreed that further expenditures for capital improvements in the Fry House would be made by the college and the D. K. E. Fraternity on the proportion of three to two in accordance with the principle controlling the fraternity house plan as approved by the trustees in August, 1946, which is now in operation. The meeting adjourned. Elbert G. Sut cliffe Secretary L �270 c,ci ..... ~ ~ t-Tj 0 () Me eting of t h e Boa r d of Trustees June 10, 1950 The meet ing was ca ll ed t o order by the chairm , Dr . J . R. Cowa n . an Praye r wa s offered by President Groves . e The following memb ers were present: M ss r s . ·l . P. Ca ldwell, George A. Joplin, Jr ., Li sle Baker, J r . , Samue l J3. J ones , Dr . J. R. Cowan , I ke La nier, Dr . Robert W Miles , Elbert G. Sutcliffe, Samuel V. Noe, Ge org e F . . Lee, the Honorable Fred M. Vinso n , Loga n Caldwell, J ohn Van Winkle, J. E . W seman, Howard Van Antwe r p , Jr., Hugh L, Nevin, Robe rt B. McDowell, and i Misses Juli e t Poynt e r and Amelia Ye r kes, and President Groves and Vi ce-P resi de n t S tewart. The minutes of the me e t ing of t h e Boa r d of Trustees of Octob e r 28 , 1949 , we r e approv ed as circulated . The minutes of the me e ting s of the Executive Commi t tee f r om Novembe r, 1949 , t hrou,~h M , 1950 , we re a pp roved as circulate d . ay Mr. Logan Ca l dwel l, treasurer of the Boa r d of Trustees , mad e an a d -inte rim re p ort pendin~ the final rep ort of the treasure r a t the close of the fis ca l yea r on Aug1J.s t 31, 1950 , on (1) the p r esent status of the Forwa rd Prog ram , (2) financing of Alumni Memorial BuiJ.ding , ( 3) inv es t ment s in fra t e r n i ty hous es, ( 4 ) d ocument fi le, (5) Trimb le Estate, a nd (6) library . (A c opy of thi s r ep ort i s a ttach ed to the s e minut es.) It wa s moved. and ca rried t hat the r ep ort of Mr . Logan Caldwell , treasur e r, b e rece i ved. with apprecia t ion for h is u ntir ing eff orts for the g ood of t he colleg e . ~r . He rb ert A. Meyer , bus iness mana g er , made a n ad - int e rim rep ort of the op era ti ons of t he college u p t o and t_ r ough !v'. ay 31 , 1950 . According to this rep ort, Mr . M eye r predict ed an ope ra tional d ef i cit of $15 , 000 to $18 , 000 instead of the budgeted d efi ci t of $25 , 000. (A c opy of t h is re p ort i s attache d t o these minut es .) It ·wa s mov ed and ca rri ed to re c e i ve the re po r t of the busines s manage r with a ppreciati on . The p re s iden t of the colle~e next made hi s rep o rt in t he form of c omme nts u p on the wri t te n r ep ort a lreaa.y c i r cula t ed among t h e me1c1be r s of the Boa r d of Trus tee s . The fallowing i t erns by way of addition to thi s r ep o r t were adde d . Numb e r of stud e nt a pp lican t s t o date a s of June 9 , 1950 Boys Girls Total 95 94 189 Total app lica nts a ye A. r ago we r e 178. II �271 Tentatively accepted a s of J une 9 , 1950 Boys Girls To tal 55 56 111 Total tentatively accept ed a year a g o we r e 1 05 . Ac cor'ing to more rece n t inf orma t : on from Dr . Ri t chie, professor of physics , P.r esi·den:t: Groves al s o r ep orted tha t t he tota l eq_uipment of the na val el e c t r onics unit approxima tes $50 , 00 0 in value. M oreover, this unit is one of thr e e be ing retaine d i n the s tate of Kentucky in t h i s prog ram wi th c ert ain f e a tures tha t mak e t h e p rog ram much more app ealing to pros p e ct i ve s t udents . F ollowing di s cussion of the r ep ort, it was move d and ca rried that the rep ort be rece ived . Vice-Pre sident Stewa rt made h i s rep ort as directo r of public rela ti ons p ointing out the need fo r p e rmanent \• ork in t h is depart men t . Dr . Be.rney E . Macl ean, chairman of t he Centre Colleg e Commi tt ee f or t he Synod of Kentuck y in the Pre sb y t er ian Church, U. S .A., a nd. the Re ve rend D. Yandell Pag e , chairma n of the Ce nt re Colle ge Committe e of the Sy nod of Kentucky of t h e Pre sbyterian Church, U. S ., we re invited to ma_~e a r ep ort to the Board of Trus t e es of the act i v i t y of their commi tt e es in their re s p ective synods . Dr . Maclean made a r epo rt of the g enera l ove r-al l prog ram whi ch th e commi tt ees hav e followe d sinc e their app oint men t in Sep tember , and Mr . Page r ep orted on the plans of operation , h i ch are to be presented t o t he two sy nods in the fall f or increas i ng the fina n c i a l s-g.pport of Centre Coll ege among the Presb y ter ian churches of both synods . On motion it wa s moved and carried tha t t h e rep ort of the v i cep resident be received . It was furthe r mo ved a nd ca r ried t ha t t ~e full Boa rd expre ss its deep appreciation t o the Reve r end Ba r ney E . Ma clean, D. D., and t he Reve re nd D. Yandell Pa g e f o r the i r unt i r ing efforts t hrough out the yea r in the intere st s of Ce ntre Colleg e in connection with t he work of their r esp e ctive c ommit tees. Dea n Jam e s on M. J ones was invite d_ to me et wi th the Board a nd sp eak on his rep ort a lrea dy circula t ed as dean of the col l e ge. Dr. Jones s p oke pa rt i cularly of certain curr'culum innova t i ons , a nd a fter further discussion of h is re p ort i t was mov ed a nd carried t ha t t h e rep ort be rece i ved with aPPrecia tion. Dean Ma ry Sweeney was invi te d t o speak on he r r ep ort made a s dean of the fomen ' s Co lleg e a lready airculated among t h e memb ers of the Board . Miss Swe en ey s p ok e in part icul a r of h e r h i gh h ope s f or the lomen I s Coll eg e for t h e coming yea r . On motion i t was mov ed and ca rried t o r eceive the re p ort of t he dean of wor.1e n with appr ecia tion for her fine wo r k . �c.o 272 President Groves present ed t he lists of seniors of the class of 195 0 as approved by the f a culty to receive deg rees. On mo ti on i t w voted to g rant the deg rees as recommended . as Bachelor of Arts Centre College John M ark Adams , Jr. Alon za M illa r d Alexander Ge orge Fielding Balla rd Ge orge Houston Banner El mer Anthony Bar cewicz Charles 'la ts on Ba rtle y , Jr . Theodore Delou Bickel Joseph Daniel Bishop Andrew QU.arles Blane Glenn Le\.ris Brad.shaw Peter M ark Braunstei n Samuel Ea rl Campbell , Jr. Robert H. Cleveland W illiam Wa it Crawford Ge rald W ll Culb e rson a Eve rett Es ter Davi s , J r. W aller Samuel Denny Robert F. Dozier Arthur Paul Eberts Randall Cody Eli James Loui s Ellis Gordon Dare Elmquist W illiam Douglas Epling Edgar Wi ll iam Ernst, Jr. *W illiam Ellis Fel dhaus Je r emiah Thoma s Flowers G ustav J ay Fredericks John M orris Greene g d.mtmd. W illiam Grossman Geor ge Halmhuber I I Erne s t N. Ha rt, Jr. Ha rold Gilman Hedrick Robert Ba rnette Hicks Raymond Walt e r Horst Val Anthony House , Jr . W ll iam C. Howell i Fran.k: Beard Hower , J r . ' J ames T. Hur hes *O tis K. W olfe , Jr . *Cum l aude *John Hubert Johnston Donahey H. Jo nes Ge or ge Adams Joplin III Arthur Sa nd.is Kampner Robe r t Marksbury Kearney Ross Glanton Kreame r Dynes Langhorne Leitch Robert Adams Lessenberry James E . Lewis Edward Lee Lyon icha el Jones M cGuire M Cha rles Edwa rd M nto sh , Jr. cI W illiam Jame s M cNabb John L. M fama ra cJ Joseph C. M artin, .,T r. Thoma s Bruce M artin John Daily M urphy Jame s Si mps on Oldham Henry Vincent Penningt on II Frank Wells Powel l Robe r t Hald. on Ransdell Hen ry W illiam Ri ves Frank M Robinson, Jr. . Thomas Jones Rubel St ephen Russin William E. Schobeck Arthur The odore Schreiber , Jr, Sam uel Sea rs, Jr . John Hopki ns Shan.~lin James McElwee Shewm aker W illiam C. Simonton , Jr. Harvey Clay t on Soehner Eugene B. St onecypher Glenn Posey Thomasson Ca rroll Wend.ell Traylor Leo Eclward Treacy Melvin Eugene \'latt s Wi ll i am Je s t Bla ck , Jr. �W omen's Division J ean Eli zabeth Birdwell Vi r g inia Fay Bruce M argaret Rob inson Cook Ba rba r a J ean Doe rr Ada Lafon Edmiston Ann Elizab e th Faquin * r anee s Carol;y·n Fi tz pa trick Nancy J ean Hensley J o;:rce Elizab e th Kagi n Burva Anne Wh itehurst Peggy Wal ke r McCrei gh t Anne Lee Moore arJ Ru th Mo r ris El izabeth Elinor Patt e rson Nan Ca r ole Ri cha r d s on J a ne Butler Simo nton Laura Jean Smith Catheri ne Col es W ashburne Sa r ah W ilmoth Washburne Bachelor of Science in Home E c onomics M jorie Rosenberger ar Ba rba r a Ly nn Snead * Cum l aude Cours e Compl e t ed F ebruar:;- 7, 1950 *Ba rring ton Wes t Ki n naird •J ohn Reardon Ba rbara Sharp Rey ni e r so n *D iploma s g ran te d in absentia Pre s ident Cowan announced t h e following stand ing c ommi tt ee s of the Board_ of Trustees . Execut ive Commi ttee Finance Comm i ttee Mr . L. Ca l dw ell, Mr . Baker, Mr . Le e, M Lee, Mr. Lani er , Dr . Cowan , Mr . Sutcliffe r. Buildings and Grounds Commi tte e Mr . W P. Ca ldwell , Mr . Nevin , Mr . J ones , . Mi ss Ame lia Yerkes Bud ge t Committee Mr. Lanier , Mr . F inancial Promoti on Committ e e Mr. L. Ca ldwell, Mr . Ba ke r, M Lanier , r. M . M r cDowell Commi ttee on F raterni tie s inkle Mr. Joplin , Mr . L . Cal d ,ell , Mr. Van W Physical Educati on Bu ilding Commi tt ee l r . J one s , Mr . L. Cal dwe l l, M . Ne vin r Comm ittee on Athlet i cs Mr. L. Ca l dwell , Mr . Van W inkl e , Mr . V n Antwerp , Mr. Joplin , Mr . Noe a Comm ittee on Hono ra ry Deg r ees L_ Dr . Cowan , M . Sutcliffe (sec retary ) , Dr. r Herrm ann , Mr . 1achs , Mr . L. Caldwell, Mr. Bake r, Mr . Va n Wink le, Mr. Lanie r, Dr . Mile s , Mr. Jone s , Mr . W P . Caldwell . M Van An twe rp, M J oplin, Dr. F . r. r. Caldwel l, Mi s s J uli et Poynte r lachs �co 274 ........ ';;;;r On recommenda t ion of Committee #1, the fo llowing we re elect ed to the Boar d of Trus tees of the clas s of 1954, subject to ratificati on by the Synod of Kentucky of the Presbyt e r ian Church in the U.S.A. The Reve r end Jes se He rrmann M . ~ . P. Cal dwell r M Fred B. W r. achs On recommendation of Commi ttee #2 , t he fo llowi ng trus tees were el e cted of the class of 1954, subject to rat ifi ca ti on by the Synod of Kentucky of the Presbyteria n Church in the U.S. M ss J ul iet Po:rnt er i M George A. Joplin , Jr. r. On recommenda tion of Committee #3 , the fo llowing altmmi trus tee · was elected of the class of 1954 . M . Li sl e Baker, J r. r Pre sident Cowan r ead a lette r f rom Dr . Robe rt von Thurn addressed to President Groves offering h is re si gna tion as a m ber of the Boa rd of em Trus te es , in vi ew of the fact that h is wo rk now ha s t ake n him out side of the Synod. of Kentucky and makes it impossible f or him to a tte nd m ings eet in t he future . I t was moved and carried to accept the resignat i on of Dr. Robert von Thurn with r egret. It wa s furt her a greed not to try to fi l l the vacancy cau sed by the r e signa tion of Dr. von Thurn in t he class of 1952 until the f all meeting of the Board of Trus te es . President Groves re ported t h e presenta tion of a p ortrait of Dr . James H. Hewle tt made by Profe ssor J a ck B. Kellam f rom the class of 1950 and the gift of a plaque to accompany this por t rait f rom the class of 1949 . It was moved and. carried. to ac c8p t t h ese gif t s and to send a letter of a ppre cia t i on to the pre s ident and t he s e cre t ary of each clas s . M . Howard Van An twerp Tllc:'1.de the report fo r Committee #=l on r colle ge reorgani zat ion. The committee has had several meet i n s to date and. is to continue its work unt i l a complete rep ort i s possible . r. mit M Elbert Sutcliffe made a r ep ort for Com t ee #2 on c ollege r eor ganization . Ce rtain specifi c r ecommenda tions were repor t ed fr om t h i s com t tee by Mr . Sut cliffe as follows . mi The as f ollows . irst r ecommenda tion f r om Commi tt ee #=2 was mov ea. and ca rri ed "There shoul d 'be considerable improvement i n t he a t hl e tic si t ua.t:on and prog ram of t he c ollege duri ng the coming yea r, or else a t ho r our,h ove rhaul ing of the coaching s t aff i ll be re qui red in t he sp ring of 1951 . By i mproved a thlet ic situa t ion is meant such items as be tt e r coached t eams , bet te r administra ti on in the a thl eti c depart ment, and bett e r r ela t ions between s tuden t s and the depar t ment. �275 11 It wa s also a g reed that President Grov e s should be asked t o carry out Recommenda t ion #4 of the Board of Ov ersee rs' Commit t ee on Stud ent Rela tions as soon as p ossible , wh i ch reads as follows: 111 W recommend that the · h ole athletic situation be careful ly e J reviewed by a commit tee c omp osed of t wo pe rs ons f r om the c olleg e administration , t wo from the facult y , a nd. t wo from the stud e nt body ( one a f r at e rnity man and one non- f r aternity man), and tha t two members be appointed from t h e Wome n's Depar t ment . 111 Committee Afte r further discus s ion t he following recommendation of was moved and ca rried . #2 "It was voted tha t M . Rob ert L. M r s oe assi g ned the supe rr ye vision of the alumni work in r e t u rn fo r the $11-1 a year of hi s -00 salary wh ich h e i s receiving from the Alumni Associ a tion, with t he h elp of Mr . Fred M dden and r . Bob Ensminge r . 11 a The t hi rd recommendation f rom Commi ttee #2 was hea r d. , and on motion it was mov ed and carried as follows : 11 It \·Jas further voted tha t M r. 1yers be assi g ned full resp onsibility for student p romotion rork among p r osp ective men students in return for the $J600 a year salary, and that he spend a n a v erage of th r e e days a week outside of Danvi l le for el e v e n months of the yea r, with the fu rth e r understanding: that at no time sho12ld more than one - half of t h e mon th be spe nt in the offi ce. 11 It was furth e r vot ed. tha t unless t his p ro g ram is carried out it would be necessary to empl oy someone else for student promot ion among men , a n d_ an adjustment in the sal ary of Mr . R. L . My e r s would be required . 11 I n connection with the repor t of Commit tee =#=2 M . Sutcliff e r rep ort ed. t h e f i ne rep mrt t ha t had. been receiv e d from Mis s Poy nter and. ome Miss Yerkes on the W n I s Colleg e. I t was moved and carri e d that this rep ort be mimeographed a nd c op ies b e sen t to ever memb e r of the Board ; of Trus te e s . Aft e r discus sion it ,as moved and car ried that subje ct to the rec omme ndation of Dean Jones and Pre s ident Groves Miss M ary Sweeney be p romoted to the p osition of a ful l pro~essor as soon as she has compl e ted he r work f or t h e Ph . D. d eg r e e . Af t e r discussion of the corresp ondence re1, orted by Pr esident Groves ~ i t h t h e Kres g e Founda t ion it was moved and car ri ed tha t t he question of p ossible g ifts a nd prospective do nors be r eferred to the financial p romo tion commi tt e e with t he further r e ., omm e ndati on tha t the Boa r d of Trus t ees be reque s ted oy Presi d e n t Grove s . t o submit name s to the comm i t t e e for study a s possible d ono rs t o the colleg e . �276 "Tj 0 (") It was moved and ca rri ed tha t M Lo gan C.ql dwell and Mr . r. Lisle Bake r be appointed a commi tte e t o investigate the ent ire in surance p roblem of the colle g e a nd r ep ort back to t h e next meeting of t h e Bxecu tive Com ttee their recommenda ti ons . (Pre side nt Grove s and mi Vice-President Stewart we r e permitted to lea ve t he meet i ng at t h is point .) It wa s moved and c A.rried that t h e Board commend Dr. Groves f or his untiring eff orts a nd devotion to t he ,,, ork of hi s office as president of the colleg e a nd also to exp re s s t o h im the a pp reci a tio n of t h e Boa r c. n ot only f or t h e s e servic es ou t also for h is unselfishne s s in re fu s ing t o accep t an incr ease in salary a t this t ime, Adj ournment . Eloert G. Sutcliffe Se creta ry �277 Report of the Trea surer June 10, 1950 1. Figur e s on the Forward Program Rece ipts: From Pledges From Transf e r of Funds W iseman Gift sub j ect to Annuity Nels on D. Rodes Bequ est Alumni Fund 1949-50 Gift Int er es t Ea rned , Tem ora ry p Inves t ments Borrowed M oney Disbursements: Forward Prog ram Expense Annuities Pa id Debt Retired Int e r e st Paid Cons truction Costs (1) Forward Program Pl edges M de: a Pl edge s Paid Unpaid Pledges $127, 895.23 (1) 1, 021.19 50, 986 .59 8,5 00 . 00 10, 000. 00 937.36 125. 000. 00 $324 ,340.37 37,154.04 2,5 00 . 00 1, 250 . 00 494 .44 279. 468 .74 $320, 867.22 150,384. 07 127, 895 . 23 22,488.84 2, Alumni Memorial Bui l d ing Construction Cos t s : Pa i d at J une 1, 1950 Es t ima ted unfinished costs (1) 1. Est imat ed unfinished cost s : J . F. Pace Co . Du rham & Gre er Hi gnight El ectri c Co. Cent ral School Supply Cent re College (repair s , etc ., Boyle-Humph rey Gym ) Cha irs and Ca nva s Cov e r $279 , 468 .74 26,791.47 306 , 262 .21 (1) 6, 385 . oo 3, 000. 00 500 . 00 4, 882 . 00 700 . 00 _L,_5. 00. 00 26 ,793 .47 Frate r nity Hous e § Ph i Tau $28 , 000 f rom the coll ege $20, 000/ f rom the f r a ternity Be ta $18, 000 from the col lege $14, 000 from the f r at e r ni ty �278 Si gma Ch i S . A. E . 4. $1 2 , 00 0 f rom t h e col l e g e $8 ,00 0 from the frat e rnity $1 2 , 000 from t he co lleg e $8 , 000 fro m t he fraternity Document Fi le A g r eat many i mp ort a nt documents bel ong ing to Cen t re Coll eg e , such as copi es of contracts and will s in which we have an inte r est, had never be e n catalo gued . Mr . H. A. M~~e r has been worki ng towa r d the completion of such a fi l e wh i ch will tak e care of this and wil l mak e i t possible to f i nd very qu i ckl y any document s which are in our p ossession. Mr . Rodes knew the wh e r ea bou ts and the provisions of a g rea t m ny wil l s in a wh i ch Centre had an inte r est . Some of t hese we hav e i n our poss e ssion , but s ome we do n ot have . Ot he rs of us kno1:, of some will s in whi ch Cent r e has an interest that a re not in our possession . Of these we will try to have c op ies made and_ put away i n our fi l e , but I feel sure tha t the re are vill s in which we have an inte r est that n obody here k nows about . Of c ourse , in most cases when t he t ime rol l s around for us to reali ze from the m we p robably wil l be notified by some executor of t rustee s omewhere , but in the meantime we shoul d. try to g et cop ies of the s e i n order to k eep in as c l ose touch as p ossibl e wi th th em . I t m ay be that some of you trustees know of p roba ted wills in which we h a ve an int e rest, but which we d o n ot have in our pos sessio n. If you do , please let us k now about them, ancl we wi ll try to g e t copie s . 5. Trimble Es t at e There has b ee n quite a bit of corresp ond e n ce in regard to the final set t leme nt of the e s tate of Rob e rt M. Trimb l e. We feel t hat we have ag reed in princi ple with the e xecutri x on mos t points in question , and only t he sale of t h e Lo s Olas Centre (a p iec e of real estate valued at a bout $ 20 0 , 00 0 or a b out one - half of t he total of the residue , wh ich wi ll eventually be divide d between Ce ntre Coll ege and Kentucky We sleyan Coll ege ) rema ins to be cons umm ed b efore the trust f und in wh ich we will at have a rem i nde r int e r e s t can b e esta blished . W hope this will not be a e too l ong off . 6. Library In order tha t the p oli cy of using endowmen t fund_ s to finance repairs and addi t ions to building s b e discontinued ( whi ch p ol icy is respons i b le in a l a r g e part for t he debt of the g ene ral f u nd to the endowme nt ) , the remodeling and new s t ack s in the lib rary we r e paid f or wi th money b orrowed fr om a bank in the amount of $7 , 821. 0 0 . The inte r es t a t 46/o and_ p rinc ipal of this not e will oe paid b y th e g e neral f und a t the rate of $2 , 00 0 annually . Log an Ca l dwell Treasure r ��280 [ �' 281 �282 [ : �283 L �284 (0 •;;;,;,,, t,or.,.,,,;M �285 �286 co ''Tj 0 (') �287 L �288 �289 L �290 r �291- �292 (0 I �293 L �294 �295 �296 r.o -~ )'--~ l'"Tj 0 (') �297 �298 �299 L �Resolved, that the Board of Direc·ors of the Alumni Association recommend to the Board of Trustees of Centre College that one of the urgent _needs of the College , in its opinion, is a plan to provide a system of faculty retirement , Tr>at some plan sbould be started in a small way as soon as possible , And t hat this Board , representing the Alumni Association , give the Bo nrd of Trustees the assurance of financial heln on such a plan to the extent of its ability. Board of Directors , Centre College Alumni Association , Inc . Enos Swain, S.ecretary . Mr . Swain announced the following ~istribution by the Altm1ni Board of Directors of the money paid in to the 1942-43 Alumni Fund : To Centre College for expenses of Alumni Ji'u.nd To Permanent Imorovement l'u.nd of Alumni iu.nd To Centre College to be applied on salary of Alumni Secretary To Treasury of Alumni Association To Restricted purposes $1 , 290 . 05 2 , 000.00 1 , 000 . 00 125. 00 807 . 50 To Alumnae Association to be a ppropriated by that Association 946 . 99 To Centre CoEege for imorovement s at the College for ,/omen as recommended by members of the Board, (Directors) and Trustees , - this amount to ½e used at ~he discretion of the three members of the Alumni Board , together with the Committee on :Buildings and Grounds of the Board of Trustees of the College 1 , 464. 06 The following recommendation from the full Committee on Athletics was on motion annroved: The Committee on Athletics recommends that Centre College continue a program of physical education and intramural sports for men insofar as the administration deems advisable after College 09ens in the fall . Charles Manning, Acting Secretary Mr . Sutcliffe was asked to take the chair to receive nominations of officers of the Board. u( ee bel ow) On motion , ?rel son D Rodes was nominated and unanimously elected to succeed . himself as Treasurer of the Board , and l!'rederick A. liallis was nominated and unanimously elected to succeed himself as tiecretary of the Board. The following standing Committees were , on motion , approved: .Executive Committee : Nelson D. Rodes, Chairman; J . R. Cowan , Secret~ry; Jesse Herrmann, Jfrederick A. viallis , Fred B. l\1achs , Ike Lanier, George A. McRoberts , llobert ,/ . Miles , Elbert Gary Sutcliffe, and ~ogan Caldwell . ••on motion, J . Rice Cowan was nominated and unanimously elected to succeed himself as Chairrll' n of the Bourd . He then took the chair to receive nominations for Treasurer and for Secretary. ��� Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees Description An account of the resource Minutes from the Centre College Board of Trustees. The Centre College Board of Trustees collection was compiled from a mass of papers found in various campus locations in the early 1980's. Since no clearly defined subdivisions existed, the material was simply divided by type of document, assigned a series letter, and then arranged chronologically. Series A, approximately half of the collection, consists of correspondence to, or from, members of the Board and the secretary and financial agent/treasurer, who served as agents of the college's governing body. A significant percentage of the collection deals with fund raising efforts by Centre, and efforts by the financial agents to collect on subscriptions made to the college. Other prominent subjects include: The Kentucky School for the Deaf (then known as the Deaf and Dumb Asylum); efforts to select presidents; faculty relations; consolidation (and aftermath) of Centre and Central University (Richmond, Ky.); consolidation of Centre and Kentucky College for Women; Carnegie foundation grants; and erection of college buildings, particularly Old Main, the "new" Boyle Humphrey Gymnasium (Sutcliffe Hall) and the old octagonal Sayre Library. This collection of correspondence is largely a "patchwork" collection and by no means covers all the vital issues tackled by the board since its inception. The correspondence, for example, from the 1820's to the 1850's is quite diverse, while the correspondence from the 1860's deals almost exclusively with efforts by the financial agent to collect on delinquent subscriptions. A central figure in much of the later correspondence is John Adison Cheek who served as treasurer of Centre from approximately 1889 to 1933. Series B consists of perhaps the most important chronicle of Centre's history - the volumes containing the minutes of the Centre College Board of Trustees, 1819-1853, 1863-present. Minutes from 1819 through 1979 have been digitized, and are available from the Centre College Digital Archives. Interesting circumstances surround volume 2 of the minutes. The volume had been missing for at least forty years when it was discovered by Dr. Miller Hillhouse in a shed between his Danville house on North Fourth Street and the home of Miss Mary Ashby Cheek on North Third Street. The minutes were believed to have been placed in the shed along with other old books and papers in the mid-1930's after the death of Miss Cheek's father, J. A. Cheek. The fate of the volume containing the minutes from 1853-1863 (one of the most interesting decades in Centre's history) remains a mystery. Series C contains miscellaneous reports written by the Board, or committees of the Board, while Series D contains miscellaneous papers concerning the Board, including certificates or pledges for members taking the oath of office and texts of speeches and essays by members of the board. Annual Reports to the Board may be located in CC-2 Centre College Presidents. Public access to Board minutes may be granted for those minutes for which the President is no longer living, or 25 years past the date of the minutes, whichever is longer. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1819-1979 Rights Information about rights held in and over the resource All Rights Reserved Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books Text A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Physical Location Where item is located in collections. Centre College Special Collections and Archives CC-1 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context CC_001B_Board_of_Trustees_Minutes_Book_08 Title A name given to the resource Centre College Board of Trustees Minutes, Vol. 8 (1943-1950) Creator An entity primarily responsible for making the resource Centre College Board of Trustees Date A point or period of time associated with an event in the lifecycle of the resource 1943-1950 Description An account of the resource The official recorded minutes of the Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Danville (Ky.) 37.64569, -84.7836946 Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource minute books Language A language of the resource English Rights Information about rights held in and over the resource All Rights Reserved Subject The topic of the resource Centre College (Danville, Ky : 1918-)--Board of Trustees Centre College (Danville, Ky : 1918-)--Minutes (Records) https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/60faabd8920381d700ec40c13b17c96b.pdf?Expires=1776902400&Signature=m87ONeIUcSIjbUaE4QugsfNjJ0BosBvvR7GzqByeNLcxC7KQepoMiHSZhwOVa3E9PwFvI0UmVsOFr7MopGPkb0Aj6a4AweQITgkk1JUXpdWPV3sxRKoKEvjgowgwoi2KP0ZGP3qZ4bPLnvwA97yABOtWTVc69dVsVENzB0MPAbckG7hTw3wP31bXbMRis5kyt2EoAMGkxsT1QN2pi4GfK2QhI%7EQ8A3joW9lZp2H1zfw2lz6-p2XbAF7jSZSzwSlcHOWja%7EB55Ojwe3M80c%7E-0cu9D%7Ebl7j92cVtQkNJHrN8jzExbGgNvFX-8vXEWSp64tYQW%7ESPcmBvmulB9kJwung__&Key-Pair-Id=K6UGZS9ZTDSZM eb0ae7f6d00bda5852bfef695ac935ab PDF Text Text ���������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees Description An account of the resource Minutes from the Centre College Board of Trustees. The Centre College Board of Trustees collection was compiled from a mass of papers found in various campus locations in the early 1980's. Since no clearly defined subdivisions existed, the material was simply divided by type of document, assigned a series letter, and then arranged chronologically. Series A, approximately half of the collection, consists of correspondence to, or from, members of the Board and the secretary and financial agent/treasurer, who served as agents of the college's governing body. A significant percentage of the collection deals with fund raising efforts by Centre, and efforts by the financial agents to collect on subscriptions made to the college. Other prominent subjects include: The Kentucky School for the Deaf (then known as the Deaf and Dumb Asylum); efforts to select presidents; faculty relations; consolidation (and aftermath) of Centre and Central University (Richmond, Ky.); consolidation of Centre and Kentucky College for Women; Carnegie foundation grants; and erection of college buildings, particularly Old Main, the "new" Boyle Humphrey Gymnasium (Sutcliffe Hall) and the old octagonal Sayre Library. This collection of correspondence is largely a "patchwork" collection and by no means covers all the vital issues tackled by the board since its inception. The correspondence, for example, from the 1820's to the 1850's is quite diverse, while the correspondence from the 1860's deals almost exclusively with efforts by the financial agent to collect on delinquent subscriptions. A central figure in much of the later correspondence is John Adison Cheek who served as treasurer of Centre from approximately 1889 to 1933. Series B consists of perhaps the most important chronicle of Centre's history - the volumes containing the minutes of the Centre College Board of Trustees, 1819-1853, 1863-present. Minutes from 1819 through 1979 have been digitized, and are available from the Centre College Digital Archives. Interesting circumstances surround volume 2 of the minutes. The volume had been missing for at least forty years when it was discovered by Dr. Miller Hillhouse in a shed between his Danville house on North Fourth Street and the home of Miss Mary Ashby Cheek on North Third Street. The minutes were believed to have been placed in the shed along with other old books and papers in the mid-1930's after the death of Miss Cheek's father, J. A. Cheek. The fate of the volume containing the minutes from 1853-1863 (one of the most interesting decades in Centre's history) remains a mystery. Series C contains miscellaneous reports written by the Board, or committees of the Board, while Series D contains miscellaneous papers concerning the Board, including certificates or pledges for members taking the oath of office and texts of speeches and essays by members of the board. Annual Reports to the Board may be located in CC-2 Centre College Presidents. Public access to Board minutes may be granted for those minutes for which the President is no longer living, or 25 years past the date of the minutes, whichever is longer. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1819-1979 Rights Information about rights held in and over the resource All Rights Reserved Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books Text A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Physical Location Where item is located in collections. Centre College Special Collections and Archives CC-1 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context CC_001B_Board_of_Trustees_Minutes_Book_07 Title A name given to the resource Centre College Board of Trustees Minutes, Vol. 7 (1933-1943) Creator An entity primarily responsible for making the resource Centre College Board of Trustees Date A point or period of time associated with an event in the lifecycle of the resource 1933-1943 Description An account of the resource The official recorded minutes of the Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Danville (Ky.) 37.64569, -84.7836946 Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource minute books Language A language of the resource English Rights Information about rights held in and over the resource All Rights Reserved Subject The topic of the resource Centre College (Danville, Ky : 1918-)--Board of Trustees Centre College (Danville, Ky : 1918-)--Minutes (Records) https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/9d27b15dd0ce692f28167e4719268394.pdf?Expires=1776902400&Signature=CpSkAMC5bvLp-vq1S9Y6DYfh1oWloYI9GA1i7vM1Dt5R2vioX29hRE6V%7ENvKpxVxU7-34ZLSLWJ3bxzVANIKE3RPJUhmYQayURf4BlhxHH%7EnvaRUnAzy00rhvCK8PhUeFFwmsBYFIQeRg2mpU4DUU92jBTX6KuuRdEyHSkYIvfHC335xvRx-s5xhlR8Y7zX17oWQfJm1crNi8u1PmkPc3PERl9SrJ6IYTTUrv2%7EIZXKWKFe0Oxw%7Ejw1JpKleSHKLzKTeTRUFGRgyYUg8O7lsqLQvaDoAqtUWPP6ptCd3BYypO9iW5HuYkIptj8DYOPeFVFaNziAcryH2tb9gPNCL7g__&Key-Pair-Id=K6UGZS9ZTDSZM dfacf963d8d95e8757470be43cc79c0b PDF Text Text .. J ,J • u End! with minutes of me ti March 28 , 1933 . of the Board of Trustees held on ���I I I ��I I I ��r I I �Bo rd of T on uty bu cone ion, of he ho for eo lon see of Cen re ... e __ , r V C r er ce u. on 0 r,d ch h s been rortin n Ke n our co e c:: En u h in min ry ov of f cu e f c ... . r cf he r. V .._ 00 o, C y, r rcn h ye r u n In h u •'U.It r cf e·, h, h co of C 9 l r he b i n ul 1 un 11 0 Pr , 18°6--q rior co 0 h Bio C b h 0 0 C r C 0 ology .. b cl i 0 r 0 H 0 of C' ic V r r ry h he 79 h y y of h e e -'- fe. 186°. Y, I ,d . r y 0 , eon on in e e) 0 .L8 Leb r.cn, c n V e nd h Leb non e e 1 en h e: h C' 1 0 In 858. o rr un i " o by ( ir. of om l.-Y~ of he ee-+ eerv ce, of on hio 30 h of " c r ber, 18 6, y on UC -e 001 c•er I John __ )_ll_F_~ born 1ne or. e 0 0 h C 0 r 0 bro - �I I �,. I en r nded un X 1 r. our h be divii doz r: n • o ern Un v re: oe ie n, On on Be r on C Ir ..,ohn r o C 0 l J r. he ch ir o I e or ; r oz n ch ire, fi C'U h h .,_1 h n eer. fi b- l r.y e diff re p re 1 .;.ey ur c:-c r: Prof C P C h e, rcu u n. cur Pr A h r in o V r 0 r 6 fr C n e: h I on by or. b y n ch ch in: , • 0 n l J. 0 Y, h C, .. C, C much r b ... o. In ingu r Y hich h cho e f r rong n C h rful; h to n e re rr n 0 .L r i r 0 r Jr. r H I oc 0 V V n ��c-o in:; he u of h h o gh~ 0 k e X ri en n he unve r1e bre 0 n u r 1 " he kn f 1 e • be+ ... 1 n 6 ure in 0 h no rn n, oc n of C ~r n di ri i '"r. ific ep ul nan ific f ct And h vey h r. Ci l.,. no C 0 ur i or e rof • ry, eon b rn ng n 0 h -+r he bor in n e 0 ' 0 h h n r con nd ir. h"' n r c n h r 0 n -0 0 h r 0 gh YJ h. r u. no or, 1 r OU ht in l 1 r. lC 0 U 0 Jr Ho· for r eeul b h. ur n r er 1n by he h W 60 lo 0 ch n of c1ence rT 60 h 0 6 ry • b :i h y m i ov r:: + oho OV y C r, r C C n It h h I n ... l o 0 C • n •h 0 +11 + e + n V ,o n n • ��h r re o·here, 0 of l f noi r cor L I" i h 0 .e ru of 1 G1v~ b ck e n her f r • b for b io i i b u .e 0 0 h ion n f ,.._ 1 1 ch i , ki h in y. rf C t1 ... 1 ( n ... e J .J 4"lA e~J ) in ... 0 .in h C er, r Y, in hl n for u 80 l.e u 0 ==z: s h li y ... u h nd in " h b for~ n eng 0 -.l B hie ho . un i T b c rr .. n H r r r ~11 n of er.er mong ue. r 0 8 n, eo re nly, ve+ H e ro e ... rd h 00 en. .u 0 ������·.no 3 ��15 I . ., l [ ' L �����20 n ���I ������I I �30 ... I 7 .. [ �31 n ] ��I 33 &r.ville eorJ r xec t:ve vJm i e resi e ce of {J • ., 1 . ... . 3 e t:::; , vn • L t 7 V of~ rese er.t CKY , 7 , lJl~ . t e �t t t r i .. l r.l . r f . s l e, e t e t n. (. I en l l.1 . e r ��36 I'::1 , r. C, V • une 9, 1919. The B°' rd of 'l'rus tees of Cent Col le ge of Kentucky met in tne Library b~ilding at Daroville, Kent.lcky, "on v , u ne 9 • 1 q 19 , at t v·o o c 1 oc k P. • , and w c al 1 j t or i r by t e Pre i n"J D C +_... r op I r 1 .... b Doc or • ohn B r ur '" ys i., le , K r, C • ,.,he fol o ·in- mem' er of t e Bo r f rr r lS ees "er r~ • r • r. A. lex i G, \''. els r. rj P. D. .. PS• lC • • 'h . , Frn t 'Dr. " ice C '" n, ' • T T~-re e r. c. 1 • • r "I, H ~h B. Fleec r. ohn Barbo.1r, • Read, Philip F. • B~bo:..ir, c. c. Fox• G. Oscar Le cher, Dr. H~wh ei h,J. T. T n1s, • • • wee s ani J. A. h ek. . . ... T The min ea of ... he me ing 0.- the Po of r stee 'h 11 !ay 31, 191B, ni '"' r i • t 1919, v..'ere r ar.d "'Pp ov :1 "¾9 - p ... -1e • The min~• 8 of 11 "llE' e i n of t .. e ecut · € i .. i:i e hel during the .::; t vear were r a C r 1. .. ... • he Tr hir-h d r. r V C ""T •ei. - rr On mo:· on ~he Bo i , ... r .... 1 e t r,o e T}/:1 nt f + ho 8. T. • • On otion ... he n t r of re • ... s 1n B .... • • ... 0 .. +C V C "" ee ·e:• 0 i ke aym nt of a bon:..1s ch rn b rs 0 F C l y as t .e r C r: :1 • C. .~ r u• on " ... ; 1~ -t G k. nr i t n t Ex~c ... • i ~e Hal., 'T' ,,., r • exce l in .. • r Co • l l f .,, co ,.... "ee .... e dy es s: lex n1 r ·ilton Bar r 1 illi~m 01 las Cha~b rain ,¥..\;i l;) • i On Of .. e F C 11.4. y' th i:>f "'e Ju 1a • r - r s pri n- i e d Gl s o Paris T'anv1lle \'fhj te Fithian r o .., , try d 0·11s1e~ Aarsh Robe.rt Fra is O=_en Th r.v ill e hlani F~ est~w Reil, Jr. oseph ynn ner ,.J;A.m l j n" v esl "' Geo e o 1io l ey Dar. ille Danvi le Bet elr i .. f) F lton Bae e:lQ l en fr. r n..,;) Bro· nin Dan de rf)eB 1 l e .. vere co nferre , name :,r: .... . C �37 Doct.or O! D V 'Jliv er • B rn:iil 'li'ranc~e owel Cheek Geor e Fulton Al r j .>le rn Ii ... -in 1 l i ins H ppf'r New 01 • , Ci nc i n 11 t • • i , ' yr. b r , oui..,vi e Ot' il lf' Pi.kevl.1..J.e v. 0. • t -ohn B ..rt ur S r L Y r. r ('5 . ,. " . . .,, ochr;in on in ,.,.,,... an 1 .J.e trc V • .,.0 , to the V t f in f er. - r V �C o i ~he e C ni of s rr ,. ,., of f ::. i ...... . T' C c. C, r • i c. ir n •• n omr ~tc k• l Bui . G. . F. ra fl. . '!;' C e C 'or an, ... r a • ·ran• i.l �11 39 The Bo ... r , nani~o1 isin- v0te ir.st .... ,. .. r. 'Janfiel 1 a vact1.ti on this s Jmr r of r t l trr r. t r y ays' a.nd ej th'"' he expE'n:: e::., of t:1is ·acation, (r.ot less than :?00 J fro1n the Colle '!'re sury. ta1< T ° Co'lll'!li t-ee appoin P'i to prepare reso u ions on t I. Ho , m,3je t l(. :ol.lo··: n_ report w il'h v s Colon l C . Co r.i . . ... J h.., 1 Sl')rrrw rnei .vi e Hoge, a member of r. s Bo, r 0 ook a _:en 1inc e Cole e. Hog •erk ee with e c+ er, n l esteem n1 af.., ect The Bo 'il' 1 t vc.ner P . e f n.l 1eat'1 of or. '... we - + "1 arm . . e"- in 1· i orrl r i t IL.. thi '!inu e c r on t 'Boarj arrl a cory be s ert to ... family of Co T • £ o l O'Ni n_, r rbo JI from he Bo C e r.ce &:i I') rt uy, n c r cg, rd of C rrr ~t ber in de th o iopt J • E r cor Hf'. on upor. th~ re ~re~en a adop te ,, • To r r hil ip F. vi • br OF C G r. F b .r ' y II I y. h •in Ke ll ·v • y 2 I 0 ���e in .. r 1 I ,.. n ,.. "" fl T •i r l r, A. p T u. A. 0 �.nn 3 + • ,.. ����L n 47 I C EB I Gr r djcrrd . �b l 0 ,. r l T • �I I 49 Danville, Kentucky. June 4, 1920. The Board of Trustees of Centre College of Kentucky met in Danville, Kentucky, on June 4, 1920, at nine-thirty A. 1. in the Library Building on the Campus. Thia meeting was called by the order of the Executive Committee and takes the place of the Annual meeting 11hich was to have been held on June 7, 1920. The meeting was opened with prayer by Doctor Hugh Leith, D. D., of Covington, Kentucky. The members present \Vere as follows: Charles R. Hemphill, J. Rice Cowan, J. s. Lyons, W. L. Threlkeld, J. T. Tunis, Hugh B. Fleece, c. D. Gates, R. Tate Irvine, John f. Yerkes, J. A. Cheek, c. c. Fox, David • Sweets, Hugh Leith, Gibney Oscar Letcher, John P. cCartney, Henry c. Read, • J. ~. Alexander, Emmett O'Neal, Richard P. Ernst, George w. Welsh. Wri ten excuses from members not present were received and read to the Board, and on motion their reasons for absence were sustained. The minutes of the last annual meeting of the Board vere read and approved as recorded. The minutes of the Executive Committee were read to the Board for their information. The report of the Fin nee Com.~ittee signed by w. L. Threlkeld, Chair.nan, was presented to the Board showing the invest ent of the previous Fiscal year made from fund arising from turing investment, nd collections from the new endowment 11ere approved by the Finan e Committee. The recommendation of the Finance Committee that the fiscal year of the College close on May 15, in each year, was on motion approved. The full report of the Finance Committee was ordered to be filed. On motion the bonus to be pai to the President of the Colle for the ye r 1919-20 was incrensed to $1,000. The Preai ent, Doctor 1. A. Ganfi•ld, presented his nnual report and th S'..UTle wa receive ancl approved and ordered filed. The re s urer present d hie report shoiVing the receipts nd b rsements of the income for the ye r 1919-20, to ether with th vouchers for the diabursern nts, which w a r colved n pproved. i • he following honorary degrees were conferred, n ly: Do t r of Lawe, Governor Edwin P. !orrow, Frankfort, Kentucky; Doct r of Di dni ty, Robert Johnoon McMullen, Hangchow, China. nd Horace G. rurner, Danville, Kentucky. On recommendation of the F culty the followin de re w r conferred upon the gr duating cl es of Centre Colle B ch lor of Art : 1111 m Mndi on Bell •........ Fort Worth, Texas Arthur C. Brun ............. Ric on , y. Hugh I e nedy Bullitt ••••••••. Louiaville, y. , amuel RooertJon C eek, Jr ••. Danville, y. Carroll Custis Cnennult ....•. t. t rline, y. tephen A. Gilbert •••••••..•• Newfound, Ky. �0 George Adams Joplin . . ......•......•........ Louisv lle, Ky . ich r Helm Stout .... . .. . ... .. . . .. . . . . .... ar.vil le , Ky . Archcr oodfor • .•. . ......• . . . . ... . ......•• Paris, Ky . BA HELO O S IE E Ja es olema.n . .............. . .. . .. . . ... Grace , y . John Alle 11 ·s, Jr . . . . . . . . . . . . . . . . . . . . . . Danville, Ky . 11 ton • ebster u r am. . .. .. . . . . . . . . . . .. . Ind· anapolit>, In~ . w~ l~ • .rt no. J: y1; • . . . . . . . . . . . . . . . . . . . . . . . . Crestwood , . y . How r ' anA t e , Jr • ........ .. . ...... . ... Fa ... e rs , y . Oscar Carl Vo el • . . . . . . . . . . . . . . . . . . . . . . . . rtenderaon, Ky . Robe t Broy Wright ..... . ................... ebano , y . On a o t of important enga e ent ich as made known. o the Board, a rule re uiring the presence of t:.e recip e 't of a Hono r ")egree was suspe ded in t. e case of Go vernor orro\; a. Cl is diplo-na "as o!'dered for'. arded to him . e estate of ~isa Anna • Haley , dece sed, e Executor of ew Jersey, having notified the olle e of a le cy of 10 , 000 left in her will , nd of hisre~diness to pay the sa~e on the proper papers bing signed on eL lf of ·he vollege, on mo ion Doctor A. J . A. le nQer , a Pre iden of he Bo o~ T eteea, as au ho ized t o sign tnese papers,including bon of indemnity a required bys ii Executor . 1 te of .ewark, On otion , Doctor • J . • lexanc.l.er ar ci Do t r 7. anfie resi et, were au norized and irected o express,on behalf of this Board, it~ t '3.!lks o the General ducation o rd of lew York City, for i s gift of 200,000 . President G fie d presented a state~e~t of the need of he ol ege and entative bud et of aal ries ·ni~ ..,as on motion opted and approved . His recot1men ion rega ing under - graduate dues was pproved and is as follows: D RGRADU = DUES tri 1 tion Fe e (Paid once only) ............... 5 .oo ui i for reP.Ul~r schedule, .irst Semester •. . • 25 . 00 ~econ Semester .............................. 25 . oo ue er 1 Fees (public rooms, light, he t , care) , •• First Se 1ester ............................ . . • 25 . 00 Second Semester.... . . . . . . . . . . . . . . . ......... 25 . 00 K .he gener 1 fee include the at· letic fee and he subs rip ion to he Cento , but do not i nclude t e 1 boratories fees . he Diploma fees are incre sed from sev en to ten dollars, whi h o7ers the oat of a diploma o ... er expenses of co , ence ent, and iA requ_red o be deposited by every andidate for gradu tion i th the reaaurer o . . the College at the openi. g of l,e Second Semester . If the candidate should not ~ceive the diplo ~, h's depoai will be retu .ed . On motion the re au er ~s dire ted o anafer on his �51 books the price of the Acacte y Grounds sold seven years ago for 10, 00 ~o the ublic vC ool to a separate fund which can be sed fro. ti e to time under t e aut· ori ty of t e Board o rustees for improve~ente to the College buildings or campus as may be deemed best by the Board. he ~reaaurer w s further directed ae any surplus may arise in any fiscal year to transfers id surpl a to the same fund . On otion the question of improv ents to be ade on Old Centre so as th t the same may be used for dormitory purposes ~eferred to the Executive Committee with pover to act. s On recommendation of coIILn1ttee nub r 1, vh rles R . Hemphill John Stites and J . s . Lyons , whose tenn of office as tr eteee expire 1920, were re - elected for the term of four ye re, expiring 1 24 , nd on reco end ion of co i ttee number two, • L. hrel eld and J . unie, vhose tenne expire 1920, ere re - elected for four years expiring 1924, an on r co.. e , ation of co i te nQ~ber two, J . Rice Co an, he Trustee nomin ted by the Alw ni esociation, elected to succeed himself forte tenn of four years expiring 1924 . On mo ion • L . hr 1 el and • He phill were continued as me bers of the Executive Committee Threlkeld was continued as a member of the Fin nee Co it and de ~hai an of ea.id ~otnMittee. On motion the follo n rule e dopted in connection ~ith investing funs belonging to the endowment: ht said checks be signed where the same exce d 2500 by the Trea urer n counter- si ed y the hai n oft e xecutive ommittee . Te follo ring Trustees, mb re o t se expiring 19 0, nd ho have een re - elect d for a t . o ye re, ly, hre nd • • He phill, J . Ri e Cowan, J . s . Lyono, J • ublic • unie, being duly sworn befo e H. L. ri ge, ot r for Boyle ounty,took the oath of office required by th rt r. On motion Doctor J . Rice Cowan, ett O' Rodea ere ppoint d cornmitt f lwnni o heir n b r, ho ere ob c ign co the Preei ent in the en io ,, ent c paign . n hp tee On o ion e follo ring action at hat h • K. Frat rnity e given pprov 1 in the purch property in e city for a rat rni y hou e, 1th th und rat nding th t hen the y eventually ie cle r for the er ction of rat rnity hou a on the c mpue, the ~o rd prefer the r loc tion ther . J . l7 l'he fol lowing culty emb re policy ot t • tee . 1Un1 , On otion Doct r appointed co itt sense of the Bo rd on nt don t tlon, ho rd in rd to such r t 1 ine, Hugh L ith , H. C. • Hep ill nd G. Oec op epare resolu iono x e de th of Doc or • L . , d �of the .Ii acul ty . On otion he Board adjourned . .. .>.:. l Secretary . Da.n ill~, Ken uck ov . 8 , 1920 . he Executi Comrr.itt of Centre Col l e of Kentucky, met in Danille, Kentucky in the Librarj Building of said Coll ge . Presen : A. J . A. Alexar1der~ G. • Welsh, c . . He i l, • L. Th elkeld, • S eete, C. C. Fox, J . A . Cheek, • A. Ganf·eld and John Y. Yerkes . On motion he Commit e approved the err.ployment by he Presi de t of Professor • R . hwing , Ph . • , os Professor of Economics ad Business Ad.ministration for the ear 1920 - 21, a a eala of 2200 . a1d harles R . cDowell as an Instructor at a salary of 140 per annum . The emplo .ct of iss • ry cDonell as temporary Librarian by the Pr sident at 50 . 00 per month was approved . On motion, tie reasurer was au horiz d to transfer from the fund of 10 , 0 O arising out of he sale of he Acade. lot , he swr of 5,000 or as uch as oay be expended in i~p o -e~en of Old Centre for use as a dormitory to the current income fu d. he quest ion of purchase of fire extinguishers to the com.~it e on building a nd grounds . e reasur r as directed to have name Central niversit of Kentucky any the CollP.ge issued in that name, to the Kentuc y, and Doctor A. J . A. Alexander Boar of Truateee is authorized to sign ·as r ferr d ra. sferred from e and alls ock o ed by n e entre Coll ge of as Pr si €nt of he the s e if r qui red . On motion, he employment of coaches in at let cs e left to the- President, Dr . W. A. Gar.field, with power to act. Dr . A. J . A. Al xander and Dr . W. A. Ganfield er autho iz to sele~ from members of the Board of rustees n c ommitt to assis in he drive for endowment . On otion he committee adJourned . / { Secre ar �I DanVille, Kentucky .July: 18th, 1929. The Executive Committee o:f Centre College met at 7:30 P • • in the Library Building and was opened with prayer by Dr . c . .r. 'furck. Members present: G. E. Wiseman, W. L . Threlkeld, F . A. Wallis , George McRoberts , .r. A. Cheek and C• .r. Turck . u- . In the absence of Mr . Nelson D. Rodes , Chairman of the Committee , Guy E. Wiseman was elected to preside at the meeting . Minutes of the meeting on May 27, 1929, ere read and appro~d for rec ord . For the information o:f the Committee, Dr. Turck reported that Mr . R. s . Reynolds had declined his election as a Trustee of Centre College . This being a matter for the Board of Trustees, the Uommittee took no action . The diploma of Wesley .r. Randall, a member of the class graduating in .Tune 1 929, was granted, and on motion , the Committee aived the requirement of his presence at the time the diploma is to be delivered, and the president was instructed to nE.il the diploma to him. President Turck reported the purchase of an automobile at a price of $300 to be used in canvassing for the college during the summer or 1 929 . On motion , this action was approved by the Committee. I I A list o:f bills over $75, which were, on motion, allowed, were paid by the Business Manager, and are as :follows: Harcourt & Company (diplomas, etc . ) Will Corporation (scientific equipment) Dixie Chemical Products Co . Harper Brothers Danv.1. lie Ice and Coal Co . Citizens Union Bank (rental 1 safety deposit bOXJ Woods Motor Co . Escott Barnett Company (audit) School. Bureau (Dr . Reeves ) u. of K. (survey) A. W. Walker (windstorm damage repairs) Bel knap Hardware Co . (paint) 208.87 142.84 78.70 80.86 231.66 75 . 00 300.00 300 . 00 500 . 00 97.61 197.00 The bid or B. Meri on Shields for the improvermnt of Old Centre in accordance wi. th plans and suggestions of Churchill and Gillig was accepted . In View of' Old Centre being an old building and the nature of the improve nts necessary require authority vested in someone to agree on such changes as may be needed from time to time, on motion , President Charles .r. Turck , .r. A. Cheek as Secretary of this Committee, and the Building Committee of Centre College were authorized to make alterations and a ee to changes as the v.ork on the building progresses. President Turck reported that prospects for young wormn in the Woman ' s Deinrtment who would be resident students in the boarding department were of ruch a nature that the East dormitory ,vould not accommodate al.l who had already imde application. President Turck reported to the Committee that Mr • .r. A. Cheek would undertake to place running water in rooms on the second O.oor , over the chapel, in the �Dan·illc, Kentucky March 17 • 1921. e Exe ut · ·e c.o _,i t e 01 Cer.tre Col e e of en c met the Li brary Buil ing in "an ille, en ucky , nd ms opened i h prayer by Reverend D. •. Swee • D. D. Present ~ A. J . A. Alexader, G. v. elsh, • L . re ke d, '-' • • -OX, D. ·• S eets. J . A. heek, ' . A. Ganfield , and he fol lo -;ir.g rustees v;ere re~ ested o be prese and a.ct i h he co it ee ; namel • John • Yerke and J . Rice o~an . i he Alumni Association p1esen+ed hrough heir Secre ar, the names recommended b the~ f or a Trustee to e selec ed by said Association from six na. es to be appro ·ed by U_is com i ee • Acing on authori y ested in the Execu 1 e Col:!.:. it ee, six n'Ulles were selected by h6 co i e from the list submi ed, and t i s lie of na. es returne o he Alumni Associ tion to be by them submit ed to ~ember of t h e Alumni Associa ion and by heir voe one nae re urne to he Bo rd of Trustees for appro al by the Board of ruste sat its mee ing in June , 1921 mhe Executi ·e ommi ee recommended o the Board of rustees qt Ho orary deerees e conferred at its June ~eet ng as foll Dr . Lcuis S . c rtry. DOCTO OF LA '.'S Louioville. Ky . DOC OP OF DI'IYI Y Leonan. A. Barr t , Ann Arbor . ichigan . F • • Gillispie , Lexington , Ky . On motion the question of leasing Old ent re o one or ~or of the Gr ek Fra erni ies of he olleLe was refer d o re com mitte on buildi gs and grounds . On mo ion Dr • • J . A. Alexander and r . John W. Yerkes •ere appoin ed a commi t e oconfer "i ha comrrittee of he Facul y in r gar to sal ry n any o"',her questions del'>i ·ed to be pre se ed y the Fa~u1 y to the Bo rd o ru ees, i h po er o his commi ee o qct . On mo+ior., r . John • Yerkes was appointed to confer i h Professor John m . edd bout retiring on U e Carnegie Fund . On mo ion. this commit er commends o t~e oa d of ust es that the rctirin age for Profesnors in entre ol e e, on re arn gie Fund, ~e fixed by the Board to conform o the rules of the ar,egie oundatio . Preside1 Ganfield s oMmi e e ri ten proposition of the Gene du tion Bo .rd 1 e York, o!l eri gt o hun rd t .ousand ( ~00 . 000) dollars 1or endo....,... nt on er tai con 1 ions, v·hich as approved by his comrni ee nd h same commended o he Bo~rd of ruste e for their approval a i s mee ing in June, )921. adjourned . On mo ion, he comm t I ��' . . - ... I ... .... . ., . . .- I ... ., T " . ,. r , " T . .. . . . . .., . .. ., I . �57 .r ... .' ,; ., s •• �., ' J s I • . ... . I • ., I �.nn 59 . .... . ,. �.., ., �nn 61 , .,. r I' . . �6 .... .. . �63 ( ., �-, .J I ��66 . ... . ,. ..., .r ., ., I ���nn 69 ., ., ... ,.. ,I' ,r ... ., ,.. ... . •r ,.. T ., .. .... T .., ,, .' ... ,J ., , T / ... ... " ���..,. r r ... .., ., ' ��,.. 74 .,. r .. . ,. • I ,.. �75 ... ,.. .; . ...., f -r 0 ... �... 76 ' ,., ,; ,.. ... .., .., ... . . �v ,I,; 1,,1 . 1,,1 .., ., " " " ... .r ... . .., ... .• ... .r ... 0 . ., ... . ... ... .,. . .r 'T' ... . t' " ' .,J ... �.., . .: .., ., . " ¥' ,. .... ... .; ¥' ., ... ... .., , "' ¥' ... ., I .; ., ""' . 2.. ..-,/. ;, ,t' I �79 T ... ,, . ... .,. . ,.. .,. .. ,... ..., • ... ., . .., .., " " ,.. .... ... .I" r ... ..; . .r ,J .. • ""' . .,. .r ., ...., ., ., ., . . ... ... ... " ... ,, r ., " .... ,... , .,...; ""' V • ... .r • .. . ( ., . .., v . ... �.., ,.. .r T"' .., • .., .r ., . ., .... " ,w II ., r .r ,,. .r ... .r , r . " r ... .. . ., ,, ' .., ·T f' .., .., ... .. .., �nn 81 ,., r T ,., ... ,.. ., v • v ,. T ,., ... .,J ,., , ,. .,, . ., L' ,. ,., . ..... ,.. ' .., I.I v .; ., .., ... ... �,. .., ... .,. ' "' ,.., .,. . .., ,.. \. .,. ... .., I ,.. .,. .., .., ... .,. .,. ... .., ,. - ... ... ... T . ,.. ... ' ' ... '· I ,, ., .., "' .., .,. �LOO 83 ... .... .,. f' . ,.. "' ..... T "' " ,.,, ... ., , f' .. .., ,., .., .r .,. ,., ......, . T'\ " ... T ,., .,. T I .,. ,., -;, ., .,. ,. TT · .., . T " ., ... ..., ..... ,., ,., ., .. V I •r ,. ,.... " V ,., .,...''",. "' r ,.., ,., ., ,. ,J. ., .,; . ., ., .,.. ,.., T ,., f' ('I ,., ... .r T,. ,., ,.., ... ,., .., ,., "' .,.._ . "' ,. .. ,., ,. ., , ... , T ., ,..., ,, ., ., ,. ,., Tr ), V "' i .., .., ..i .. l1 ,, ,. "' ..,. .,_ ,., ., ., "' ... ... ., ,., V ... r ,. f' ,., ., ... "' ... ,., .... V ,,. ,J ,,. ,., T'\ ... v r .,.., { . �Danv· e , Kentuc June 1, 1922. he annual meeting of the Board 01· tees of entre College o entuc ms held in ~anvil:e , Kentuc , in tho Librar. building on the pus o ~uesda , June 1 , 1922 , at 9: O The Boar d as alle to order b . A. J . A. lexander, Chair n of the Board of rustees, and opened ith prayer. .he follo ·ng rustees ere on roll call found present, namel: • larren, Vill ard Duffield, David eets, elson D • • odes. ey Oscar Letcher, John c artney, Henr la Read, A. J . A. e nder, Emmet ' eal, eorge l . 1elsh, C rles • He hill, harles v . Fox , uel vallen, 7illi L. Thre eld, J . Rice o an , Phili F . Barbour, Ch les ~ - ates and J . A. hee • easons for bsen e of Lewis c. Humphre , Richard r , rnst, J . T. T i , ~ohn • Yer·es and .obert • valdwell ere presented and on motion a proved . an B The inutes of the last annual meeting of the Board o Tr stees also the meeting of the ec tie Co ·ttee ere read to the rd and on motion approved as recorded . On motion tho ecretar sin tructed to~ ish a certified cop of hapter 15 o~ t e w to the tated ler· of the od of Kentuc , U. s . • fo record in the appendix of tho moet·ngs of the od . he report of • J. heek , '.iTeav er oft e olle e, as read b him o the Board . The report sho ed a Balance beet of the olle e as of 1, 1922, together ith the l i t of the Sec t ties ned b the College at t t ate and valuation of the c and ral bu.ldi lso the repo e of the race: and urse ants everal inco of the ollege . • l. L . hrelkeld , o t e Fin ee, pre anted the r. ort o tne Finance , nich i : e Fi ittee of rustees of Centre vo lege bes to ubmit the follow t: Tli ittee has t frequentl ·ng the ar b t of eatings ave been occu i ·th onl routine ers tail. T e i ttee hel ar.nual eating e ose of auditing the bo is and account of the rer, d oft ecrotar of tho de1t. Tl::"s eet s held on ue . June 6th . The er of tho re er ecked carefull item b i em , and ith t e balances oet, vh i thi day su tted to the Board of Trustees . he ooks and acco t~ of the Trea urer ere found to be oorreo and ocurate in ever detai , and the Comm·tt e desire to place upon record its co ion of he nea nes and ac urcy of the Tre ac and ook . Tho boo·s eo of the Pre ident ver c roll 1e • co f · tever 1 t ther from oom rent, or from labo , o for o o he n V in th al.s e e e depos , ere w d the b ook vere o correct ·t is i lt to conve to t o Boar t of det nd �85 variety of ite involvod in the or o the ecretar • On onday, June 12th, all o the securities and i vestments of the Co:lege , hich are eptin the ox of the College in the sa ety vault of the Fidelit and Columbia Trust Company of Louisville , Ky ., ere inspected and vi rifie d y Dr . arren oft Bo d and • J . A. heek , the Trea urer , and q ntly rechecked y l . L. Thre eld, Chairman of the inance Committee , and J • . • Cheek , Treasurer, and ere fo d all to e in he box th all tured co pons attache • The cert:.i cates of stock 1ere found, all properly ma.de out and issued in then rre of the College . . AcceQs to the box containing the bonds, stoc s, not es or any otner securities of the College h s been in the presence of at least to persons , tho Pres ident of the College and the Treasurer , or the Treasurer and some other ember of the Board of Tru tees . The Committee recommends the adoption of the fol o ing resolutions: Resolved, t t the Chairr.:an the inanoe ommittee of the Centre College of Kont.1c , or an~ other ember of the in nee Committee, or any .rustee of Centre Col~ g res"di in the city of Louisville ho may be designated in 1ritin for the urpo e by tho hair n of the inance Co i toe, actin in conJ ct·o ~1th the Tr asurer of Centre Collego sh 11 ve acce~s together and in the p esence o e~ch other to tho ox of said olle e in sa oty vault of the Fidelity o.nd uol bia Trust Company o , hich ox at this time as certain condi Loui ville, Kentu tions heretofore name and no on file ith said rust om a ReQolved, that any d all conditions heretofore na ed are evoked an cancollod by this ac ion . Re olved , that the es furnis od b the Trust om n ontrolling box sin th ir ult shall be ·n the custod of the reasur r of Centre olle e . esolve , that a coy of this act·on be furnish d to tho Pr wident of the Fidelity and olum i Tru t o of Loi v 1 or to the custo i of tho v ult of id Comp n . The Committee oul recommend th tin ei of tho f t next nsion of time ab n ed o the eneral Bo r tio for rai ing th ount of unds ce s r to obt in tio of aid Bo rd , t t t e of s id Bo rd th t it continue th yment o inter t in ount o 10 , 000 . 00 for tho purpo e of efr yin the d curr nt on o Con re College ; (2) th t th no1 ade for th nt o 2 , 000 . 00 o i to the Pre t ri rd o duet on o t d th de the ayment 2 , 000 . 00 l vollogo i G. r orts of t roved, �letter from he for~er Pres·dent , Dr . . A. anfield, ~as read tote oard, and the Secretary 1as instructed to send a etter of ap r~c·ation of this letter to him . he report o t e Committee of Ad inistration ,asp esented b Dr . vO in the absence oft e Chairman of the Com:mittee , Ho1orable ohn • Yerkes , tho as evented b s:clmess from a tendin e meet ing af the Board . The re ort as received and or dered filed and the following reco endations .ted : On recoIIU:1endation of he Co ittee rancis 01011 heek, D. - · an lumnus of Centre o:lege, vla s 1 O, and also of Prince heological eminary, was u.nanimousl elected to the Chair of ~ib~e and Philosoph, a. his salar .ixed at 2500 per annum . t t :s point furt er consider t·o of the re ort o the o ittee of dministrat·on ao defarred an the Board took recess for luncheon . fter races on motion the Board dec·ded to proceed ~ith the question o electin a President , and the vommittee, consisting of H. ead and G. o. Letcher, t~o of the Tr stees ho t the request of the esident of the Board of Tr stees h d pro eeded o airfield, Iowa, or t e purpose of making investigations concerning the eligibility of • A es ont omer • D. D. , President of Parsons ollege , ma.de t eir report to he Board . Dr . v . ~ . He phill read letters from various · · ters concerning Dr . ont omerv, and Dr . a uel allen reported results of intervie1s with variou parties . fter a full and informal di cu sion ·n 1hich all them mbers of he oard freely participated, on motion of • v , c. Fox, the Boar decided to go into e election of a President , the vote to be a~en by ballot . As a result, everend es •ont o~er, D. D. , was uanai~ously elected Pre ident of uentre ~ollege, and a ommittee conisting of ..:...r . -cC rtne . Dr . Callen and ~r . Sweets ere appointe to for lly notif him . On motion he Secretar as instructed to notif the ne .res·dent of his election and to ask him o oint ment to meet the Cormnittee alread appointed . On mot·on the salar. af the President ~as fi ed at 6 , 000 per annum, a·able monthl, ith the use of the e ident's house and attac ed thereto for a garden , and that the actual movin ei:penses from .o a to Kentuc be pui b the ~reasurer . On motion the consideration o the repor of the ittee on dmini tr t·on as re umed . • he reoo endation o the ittee that no incr ase o salar for the coming ear be de because oft e CK o uf iciont funds, a approved . ~he action of tho ecutive vom·ttee in fixing the s lary o the t'rofessor of u~e i tr at , 250 was approved as also the recommendation that t e bal ce of the inco e of said fund be devoted to the i1tainance nd pa.ment o exen es and contingencies of that de rt nt . The reco endation that earnest effort be made to ec e t·e a ent o l unpaid pledge w s roved . ~he re ort of the ar rds e b the uommittee OI the beneficiaries of cholar hip and addi tion 1 schol hips or the ~ear to eleven sons of i.ister 1d fie i isterial students a roved . d �87 On recommenda ion of the aculty presented thr ugh the itte~ of d in· strati on t e follo nng degrees rnre conferred on me of the grad ting class: Degree of Bachelor of Arts . eorge rdery Paris, Kv . Fort Smith, ArK . Philip ·orris Armstrong tuart Lisle~ er onticello, Covington , K. Kenneth 7alker Brumbac Indian Botto ~. Fred Weldon Caudill n n Lawrence Claude Caudill " . obert ....... ay l;leland Lebanon , K • Jae Tipton Cottrell Preston , Y. Benjamin oodbury Cregor Springfield, y John~ . Bads Decatur, 1::..1 . Rothvell Tate ~d1ards Harrodsb g , K • uburn, ... . Junius C lhoun Graves Julian Bacot reen , Danville , • anceb , K . Raymond Fitch Henderson vharlton le ander Ho· rd ovington , illia.n;. trother Hynes Columbia, Ky . Ed rd Kilgore rtin Froo om , K . Jares Butler ~illiken Belo e , K . Joseph Allison~ phy olum us, Ohio . John Be f ord cG e Bloo ield, ' pri fiold, Samuel anAre all loo ~ho s Ie:son Privette D ersburg, Tenn . Jam s , • R dall Richmond , mheodore 1 xan er Saiford ilburn, 1 x Ha~ilton Sp encer uo :)an • onto Bruce teele .pr George m leton Tap B t Ne Grandison lesloy John Loe lest On e recommen at·on of the ecuvive Commit ee or hono ving boon anproved b ember of the Board, on otion the w a conferro on t fol, in lumni . agree f Doctor o roo urtry, • Colvin, Gl n q sore 1 rie ollo T o 1 ion o r forr ot to o pri e action o t110 tho ec ti 2 , 00 per do �. ecretar or the Jertre vol ege A ... the C airL.aI ar the oard o... the elec • Humphrey as a Trustee for he vaca r stees o e illed the Alumni in the cla nru e o... ~e · s C. umphre ref"erred to the tee . snciatio virg b. the lumni in he oard o 1.ring 1926 , the nating o - Tumber 1 reported the namesof ~ . L. arren, ominating Co ill ard field, Le1is • Humphre and ~el on D. . odes to succeed themse es as Trustees f t e ter of four .ears, expiring 1 26 . omin ti Committee umber 2 reported the names of avid Sioe s, and ~ibne Oscar etc er to succeed them elves for a ter of ur ears , expiring 1926 . On lliotion the ecretar as instructed to cast the ballot of the election of the nominee made b both no i natirg coIDILittees , a.r.d the ecretary reported he elected ani ous ly or the ter indi ated . On motion t e Board ad ·ourned. is ovo entre vO 1 ~e o LoUJ..sville, 'e .. u met • ..re.., t: nder , e~sh, Hemphill , st te rea dation to · e ~u ne ra. ~ducat: . :f t e lie tre e vOl e ... or r • I �no en at·on o an ereto r a re "de t re .1. re n _ry. e errin ur ed . ivo Co ittec o. r er r. o er c r l n er, J L:O r • e t i l elo., e ro, �90 e .e t ... o 'tte ad ur :;:) nville, Kentuc arch, 20. 192"". The xecu ive ommit ee o entre olle e e in he Librar Buil in , present: Hemphill, Welsh, Co, l . Chee. ontgomer nd odes, usi he rox oi' ... rnst, Wl<i s opened 1th prayer by Jr. Hempnill. D nville, Kentuc he Committee on securin a andsc pe rchitect s con inued. On mo ion, u ly dope , i · s or ered tn all plans orb il in he ne · ple ic S ium oe rirs submit ed to the Executive om.:ni ee for approval, before n con racts re le for its erecion. boo s ror e mee York mi Ollar o o r aside n u i h as or ered that the Treasurer set eceived b him 1·rom he illion :;:)o 1 an amoun has been so set par s r he Gener l Educat i 00.000. In is s h 1 pa e n the C ions of the S be fore n o call ::t' m ncl r ror en a be illion Joll r C h un Pai o er ion jec o the or he Board On motion, , a ordered ha amoun o' the un s recei e f he illion Joll r set asi e for en o~ ent un er precedin or r be on h Trea urer's books o renresen a re a e o ton is ampa1~n ien d of he ousa at s as se esi of n are n i e �91 Thousand Dollars ( 0,000) for the endowment of the Chair of the Bible in Centre Colle e. Tnis amount is so set aside in order to meet ne re uirements of the General Board of Education of the Presb terian hurch, U. s . . , for the p rpose of securin the benefits of Ten ihousand Dollars ( l~,000) or its income,from a fund held b aid Board nown as the Synott und. President ont omery ave notice to the Committee of his selection of • ickman Carter as Business ana er of the Colee at s 1ary of 2,500 per annum, payable monthl. n further sta e ha his understandin 1th 1r. Carter w s to the effect that hiss lar should be increased from time to time s sal ries of re lar professors in Colle e ere increased. On motion the Business ..anger as instructed tour e pa ment o. all uncollected bills for tuition, fees and room rent. The Committee recommended to the Boar honorary e ree of LL. D. on Ed ar E. Hume, he egree of D. D. on the everend John J. Presbyterian Churan of Danville, Ken ucky. Committee of Trustees to confer t . D•. Class of 1908. ic, P stor of the ir djourned. nville, Kentuo ril 16, 192 • Tne Executiv Committee o C ntre Colle Buil in, present: 1 xan er, lelsh, owan, o es b~ proxy. Op n d 1th pray r b Dr. ibr r met in h hee. on om ry n ont om r . On mot ion. 11. :::,. act f , n to tot C h B rd to s n. un s order d 11 On motion v r n • c 111, no Lo 1 ill ~r ab ri n Sm n r ,b co r no or r D. D. 0 or h h �,. o es. na in made s part of the 1 r amo a con i ional ift of One housand ollarai ( ion uO)ol1. for endo of he Librar and having indic te his esire to pay he same. he as req ested to i ve 0 he reasurer in riti condi ions 80 as ha ey may be spread pon he ... inu es of t.aehis Bo rd. Commi ee adjourned. D nville, Kentuc June 9, 192. The annual mee in of of Ken con ene in he he mee in a opene D. D. r e of rus ees of Centre ol1ege ibrar Buil in a~ 11 o'cloc. i h pra er by .ev. amuel a len, The follo ing members 1ere oresen: H. C. lelsh, 1. L . hrelkeld, J . Sees, ! . J . le ander, Etnme 0' eal, Philip Ta e Ir •ine. Charles D. tes, E. L . ,arren, • 'I . Ro es, J . nee . J. • • P . Erna • o n, D. Barbour, ffie inu es o · the las annual meetin and of he several of he Execu ive ommittee and the called mee in of he Bo in ouisville, Kentuc , on ovember 11th, ere red nd app as reoorded. he ommi ee on o make teir report . ormal oti ication s iven r he r i ance Committee reoorted ti.a The Cb irman of oressure of business nd una oi able istrac io she ad able to prepare a wri en report forte Board , b ·oul la er and file the same with the Secretar. • D. tins hel ved ime o been so Presi en on omery then read his nnu 1 repor. nd i , s su es ed ha portions of his repor be r ferred to proper ommit ees of he Board . B iness, na er's re or ickman ar er. case of Ir . r s referre to e and R. Ta e Commi ee of ac eceas as en b as read o the Bo r b r. ham Davidson,referre Pre i ent' a ommi tee con is in of • Cal vel, Irvine for in es i tion a1 d recomme1 tions ion o be aken b he Board. he Boar un 11 I �93 _fter lunch the Board resumed session, and tne Treasurer, J • • Cheek, submitted his report, which was received and approved, and request that copies of the same be furnished to each member of the Board was made. election of Tne Board was notified of tl ~~ ronorable Emmet O'Neal by the Alumni of the College, und this election ,as referred to the proper nominating Committee of the Board. After considering recommendations land 2 of the President's reuor the following action was taken: On a motion presented by Mr. odes: It was moved that a Committee of three be appointed by the Chairman to associate themselves wi h the Soecial Committee from the Executive Committee to study the subject of housing the students of Ceutre College and report to the autumn meeting, 1923, of this Board. The followin recommendation of the President was approved: llamel, that the salaries of full professorships in this institution be inc eased 600 for the eneuing year. This action was based on recommendation 3 of the rresident's report. ecommendation 4 was adopted, namely: Tnat the Chair of Philosoph and Ethics be created and that Professor Wallace Brown Varner be enaged to occupy it for the ensuin year, at a salary to be arranged by he President. (Professor Varner did not accept the offer) nd the President was furtter authorized in event of the failure of Professor Varner to accep this offer to em loy a Professor of Philosophy an hies at a salary not o exceed 3 1 000. ecommendation 5,that degrees in course and honoris causa be ed was adopted. npro - The follo ing honor ry de rees were conferred: Doctor of Lawe Lieut. CoJ. Ed ar Erskine Hume, snin on, D. C. Doctor of Divinity everend John J. ice, na1ville, K. everend Stephenson Water Ll ill, Louisv ll , of the On r commendation of the 'aculty, presented throug th Comrni mini tr tion, th ollowin ere con rred on m mber o raduatln class nd one nt. ster o rte Benj min Woo bury Cre or, Sprin fi 1. K. �r C g De ree of B chelor of S uel Basket B e Paul Bickel Charles Petr vecil, III. Ru ene ilbur Coo Samuel B. Crai r n Dou las Curry obert iller ~rvin erry Lovin Hatchett Ii 11am Henry Johnson eor e Dee Kimbel Ir in Los orro osa, Jr. Snelb ille, Ky. Louisville, K • Danville, Ky. Danville, K • Stanford, K . Harrodsbu r , Ky. ~anville , Ky . 1 s o , K . nvil e, K. Lo isvi le , K . unica, is • es Plains, o. Campbe lsville , K . e port, London, K. • S erlin , K • Perryville , ., • 0 ·enaboro, K. C rroll on , Ky . H zard, Ky . ine ille, K • '£1J<:a a, Dan ille , K • n ens Pennin ton Edwa ers Prewitt arness Purdom 1 Sno1day S ee ho s C s n ell Tho s e ortham eo r y Leris r 1 Yea er The c ion of he ac lt Javidaon , appro ed. he a~ar llo s: of nrizes m e eclinin b he rts o ac Henry Barret Boyle Prize, Ormon eatt lumni Prize, • ~err lil i m Ernst Prize, A. C. e lin , • Ne•lin , T. L. Hatche Prize, • C. Prize, Paul • Terr ovin rant a y ·er inloma to ap r. ro ed and are as n, tt, an ille, K • S O , . t, K•• K . ' K • ecommen a ion 6 resi en ' en i h fif een bun re ollars ( 1, be allowe for e main en ce of he nnual hospi ality n upkeep o the Presi en's. ans ion approved • . ecommen tion 7 recommen i prep res it ble es imonials of Yer ea, Honorable h rles C. ox, H n he fol lo ·11n Commi tee a app Charles D. a es. omrni tee be appointe of Honor ble John e J . • T nis s E. L. arren, D. On motion of Dr. Co an he follovin recommen a ion of Pr ident's report: Tn hen mber 01 nces be re~ul ed b he ac11 in conj nc ion ·1 h Commi ee . to of [ �nn On otion tne Board expressed its gre t appreciation of tne efforts of all those citizens of Danville who by reason of their coonera ion have m e the collection of funds for the erection of the ne St ium possible. ominating Committee Number 1 reported the names of John T. cC rtney, Henry C. Read, Richard P. Ernst and George l. Welsh, Trustees hose terms are expirin 192, recommending their election for four years, expirin 1927. n the name of Reveren Benjamin J. Bush, ~- ~-. to fill t e vacanc in the class expiring 1924 caused b the death o the Honorable J. T. T nis, an the name of Guy E. Visem n to fill the vac ncy in the class expirin 1925 caused b the death of he Honor be ohn W. Yerkes, and recommended that these vacancies be fille by these t o names. Coill!Ilittee Number 2 reported then es of • J. A. lex n er, onorable :mmet O'Neal, an reco en ed that they be elect d for term of four years, expirin 1927. n On motion the Secretary of the Boar ~as irected to cs he ballot in favor o the election of all those recom:nended b both Co mittees fumber land umber 2. The ecretar reryorted tne b ll0t as unanimous in favor of tne election of the reco en tions m deb both Committees. On motion the Seer tary was instructed t report the names of Honorable Richard P. Ernst and George w. lelsh to th Syno of Kentuc , U. S • • for tneir pprov 1, an Dr • • J. an er and • Emmet O' eal to the Synod of en uc , U • • 1or t r pproval. On motion Dr • • J. .ex n er selected re iden 01 th Bo r of Trustees, J • • Cheek, Secretar nd Treasurer, • Hie n C rter, Business an er. On motion the followin xeou iv in nc il in or ls Currie l Commi G. i. Cheek, ee: . 'J. . ommi an Committ s of the Bo r n, s nd Di ciPline: G. O' 1, Com i n irm n, mot ion, cc pt to b d. p 1 Co h irm n, h o 1 ld; J. r. el h, n 11 el ct D. r, n, Go r n, . J. L. J. D. • 0 io �96 Danville, Kentuc l '1: . u st Te Execu ive Commit ee of the Bo r of Trustees of Cen re le e o Ken uc met at the librar Buildi Prese t, /elsh , Threlkeld , Cowan, Swee t s, hee and ontgomer . On moti on , ul passe, ol - he reasurer of he Colle e as author ime not exceedin Ten Thousand Dollars ( 1 0 . 000) i n the a regate at not o er 6% per annum in eres t, nd to sin he ca~or a t e name of he instit tion by h i mself a s reas ure r o any no e s made fo r the pur pose of borr o~ i n mone unde r his au hority. I is unde r stood hat this au hority is in effec t til repealled by the Boar d or he ~xecutive Commi tee . i s ed to borr ow amounts from time to On mo ion he he B ild in s and and reno atin of of o herb ildin s mi ee be needed . Business ana er, acti un er the a thority of roun s Committee, is authorized to do repairing recki nrid e Hall, an such pain i an repai r s on he campus as ma in the ju ment of said om- The re iden recommended to he Com:ni ee tne aoproval o the rec ion of a cyclone fence, a proxima el '460 fe • long , i hentrance gat es its a pr oposed by he Athletic Bo d of Con rol .J27. 40 . This roposi ion Nas made to the hle ic a a cos of o rd of Con r ol he S ewar ire ~ence Company, incinna i, Ohio, and the Blanchar d people , who re buildin~ he Sa ium . In ccnnec ion itn this recommen a ion by he Presi ent he f :t' her sta emen as ma e tna the Atnletic Boarm of on rol fel it necessar to erect tnis fence an proposed o pa one - half of he cost, provi ed tne o her nalf as assumed b he Colle e. On mo on his recommen ation a appro ed an tne proposition of the hle ic Bo d of on rol o pay one - hal was acceoted and he B siness -rum er authorize top y the other one - half o' 4 , ' · 7 . 40 ou of the r nds ot he Colle e . ne followin ceived: comm nication 1rom ,J;I . lelson ::> • • o e as re- June 1 , 192 • '~yecutive Com:ni tee , Board of Tr stees , entre Collep.:e . en lemen: ne c ont1i t ions upon wr. i ch I offe re in the au umn to ive 1000 o Centr ColJe e re tna the income from his un shall be 1nuall expended b he Colle e in purchas n books of merit or the Colle e L1br ry ha each of hese boos shall con ain a wi h he i scrip ion: boo Pl v rill Co11ec ion" In emor o hos . P. ,-verill , Jr . ' af 1 l I ish to have a le er from his Board stain hat his p:if will be accep ed oon hese con i ions . nen I re cei ·e such le er, my check or 1000 Will o ce be sent �97 :'ne above communication from r. odes is placed on the reco r ds of the uxecutive ommittee and is acceptea s the terms • • o ea on ccoun and conditions of s id gift of 1 000 made by of the library und . ommittee adjourned . .Danville. K n uc November ~7. 19r. • met in th Tne Ex cutive vommitte of Centre Colle e of Kentuc library Buildin, presen: lexander, Co n, Visem n , elsh, neek a ontgo ery. om ittee of s udents opeared before the Com.~ittee askin tor the ction of the Board oi' Trustees overnin the dances iven 1n th Gymnasium. On motion th Committee an ere that in their opi1 ion the Bo r had committed the question of the number of do.nc s to th Executive Committee ane1 the acult~ Co ittee (Soci l Committ e). On motion the hours o the dance re fix d from 8 P • • to 1 o'cloc~, A• • except nose ances which are h l on a rd night , ivn fixed t 8 P • . to 11: 0 • 0 mo ion th fee to be ch r tor tn a o th ymnusium for all dances is fie t .OU fore ch ance to be ai in dvanc to the B ins r. Co itte adjourn d. 0 tuc n erian Theol n 1th pr K b o J. l Bo r mt i br C n re Libr r t 9:30 h' ::) . J . �98 .eprese t ives o he st den bod. he F cul y, is ille lumni ,ere present and ske to be hear b he oar ru tees on his subjec. Paners from e en of hese represents i es filed e ressin he vies of e ch vi h re erence o ne ma e s lee ion of a head co~ch. Chief .obert L. era s also and aske to be ear . ihe st et bod of Cent e Colle e presen e b ..r . -inos • Gord culty of Ce re Colle 1as reoresen ed b _ ofessor Cooli ge the Louisville lu.mni .!J" . harles ilner . Committee o The Boar resolved i sel into lo e each one of he fore oinp represen a ives to their views, and m n ques ions as ing for info presen a ives ere sked by various members of f 11 and informal nearin he Board on mo ion 1en session • tne nole and alfreel express ion from these re Boar. fter a in o execu ive • Q. O. lecher o fered a oaper in ended o ive expression o he Boar 's views on hiss bject and on mo ion, uely c rried, a Com.mi ee on Resolu ions co sistin of essrs. nea, emphill, adell, Co an and Letcher •ere aupointed. To is Commit ee vas reerred r . Lecher's oaper , a1d ey aske permission ore ire o heir report . ee umber as ed le veto repor he nomination to fill n he Board in the cla 4 cause b· e e o he Honorable .arles C. ox. sion havin been r d o it ee lumber repor ed be n e of J de I . W. of i field, Ken uck, for this vacanc . On motion, unanimo carried, he Seer ary of he Boar ,as in~ c ed o cas he b llo in favor of Ju e Thurman . The Secre ary repor ed tha e Th m no been unanimously electe to fill the c nc exis in class e irin 19 4 . a Boar On motion of . Jelson D. as requ sted o prepare 1 24 - 5 . hich e in nee Com.mi ee o of the Colle e or e he Committee on nesolutions bro ght in the follo i s nanimousl adopte U IO S J.' T Be It e BO J) TU T.E::S J i on, a has e sup Inasmuch, h cont wi Boar es stit 1)0 e , 1 ,1 ,4 1 ed: 1. I is pre erable, o her thin bein n a co ch of C n ol.e e shoul be a former ins i u ion, and a h shoul be a resi ent, lhO report; E COLLE~. .EN he er e Boar . h jud en 0 n ions, i he mos 1 man r f i t in his b an of a number of• no s th ill i PP en enary Coll nt C r l 1 k i proper for a i on b t'le vith r. C ill in. . o t man. h he i. �2. The atten ion of the Bo rd nas be n called by he Pr sident of th College to the relations o the Colle e i h he aaoci tion of Colle~es and Second r Schools in the Southern Sa es an h s been informed hat the ssoci tion appointed a ~ommittee o visit this institution. an tom e inquiry esn ciall into the conduct o tne thletic ~eo rt nt Cnar ea nae been made which~in the opinion of this Board are without fou dation. Tne Board feels that it has a ri ht to ask for a full and peed investi~ation, i respectfull, but earnestly reouests the Committee of the Associa ion to visit the Colle eat the earliest moment possible, not 1 ter than pril first, 1924. Centre College i' one cf the oldest rud most istinquished of Southern Colle es, as founded and h~s been chiefl maintained by a reli ious bod of high repute, was on the first to adopt the present high Colle e stun ards, d as stoo for honest aca emic work and for cl n thlet s nd it is not fair n just that the colle e shoul suffer n loner under r.ese un arran ed imputations. 3. Tn oard tak s this occa ion toe r its hi h ppr ci tion of Dr. ont ornery and his administration of th olle e and assures him of the confi c nd loy l upport of the Bo rd of Trustees. cony of Coll ,ze ed: e or req s d the Pr .,i solu ion umber 2 tc eac hich ar member of th On mo ion of J.P. vOmmi so n c J. P. Bo r jo rn d. th f ollo •in Co br ney, n • c~ rtn f n ") �100 D nville, K uck . arch 11, 19 4 . The Execu ive ommittee of entre ollege o Ken cky me _ esent: lexander , Threl eld, Cheek, he Library Buildin • o es, ( bj1 prox ) an ont ornery . at n ~otion unanimously a opted he followi action as ~ken es ablishing a 3tuden Endowment Loan .'und, which sh 11 be available for worthy st ens under such rules an re ulations as ma be hereafter adooted by the Boar, or the Zxecutive o ittee . Be i re olved: T.at a Stu ent Loan lun followin manner, to wit ifts to his fund o be solicited in be ere ted in the 1. By he fu ure . 2. B ransfer to his fund such amounts from ht oortion of he illion Jollar ampai n in Kentuck, comin to Cen re olle e s may be desi nated b the Trustees or 3xec tive ommittee ill the f ure . 3. By transfer to his fun of ition an fees due taken in pa no es alr a o entre ollege . ent A ommittee consistin of heek , Jodes n o·an ·, s anoointed to prepare ules an .egulations overnin this Loan .un , \hich are o be reported to the Boar o: rus ees at its annual mee ing, June next , for their dop ion , or modifica ion . On motion ul carrie ne President of ne Bo r of Trus ees is hereby authorized o release any mort a es, rus dee s or liens of an kind given to secure mort age loans held the Colle e , whenever the Treasurer of the College cer ifies to him that said loans have been pai. On motion tne Presi ent, Jr . ~on omer , ,as instructe to col lect amounts ue for tuition aid fees from members o the Senior lass in cash, if possible, an if not collecte in o sh, notes ma be aken vith approve sec rit . On motion he Execu ive ommittee reaffirms he rule he retofore in force requirin alls ens who re inten in o rd te an receive diplomas o pay in full before ~eir ra·u ion a before hey are entitled o receive heir iploma . The :xec ive ommi tee proved he followin notice 0 Sudens concerning delaye paymen s s required b the ca lo (See catalo for 19 - 24, a e 24) "tten ion is called • e ls r tion in he olle e alen r . S s who o not v 11 hemselves of he oppor to re ister on inica ed will b c 1 re La e .e is ra ion 'ee of ~ive Doll ts ( 5. 0) . exce tion to t i rule ill be ma e." �01 he resident recommended the election of Dean of the culty, an recommended Jr . Charles . Crooks for this position. On motion unanimously adopted, Dr . Charles rooks was elected Dean of the aculty. The Committee adjourned . Danville , Kent ck arch 25, 19 4 . The ~xecutive Committee of Centre Colle e of Kentucky met at the library Building . Present: lexander, Tnrelkeld, Cow n, iseman, heek and .ontgomery . The meeting was ooened with prayer by Jr . motion the following resolutions were adopted: ontgomer, and o. "ESOLVED , hat the President of the Corporation be an he hereby is authorized, empowered and directed to accept from the General Board of Education of the Presbyterian Church in the United t es of America, the sum of the annual income of Ten Thousand ~ollars ( 10 , 000 ) of the ary J . Synnott Bible hair Endowment Trust und of the General Board of :ducation, for the mainten nee of ible hair in said Col le e, for and i.n behalf of the orpor t on. 1 the:{ U TH ....... ESOL!fED, hat the resident an 'ecretary be, irected to execute and a.re hereby authorize, empowere an eliver for and in behulf of the Corporation, a Contrac, ith the said Jeneral oard of ucation of the resb teriru1 Church in the United States of mericu, to secnre the fulfillmen the condition on whiuh s i ift of inco e i . deb he ,eneral Bo rd of Elucation und to uffi the corporate se l of be Corporation thereto." .. The ommittee w s notified oft e recent le tho • linston 1elsh , ~rd ute of Centre Colle e int clas • who le on a of rch, 19'4 , havin be n • ctive Tru tee of Cen re Colle e , und who h d • •; . I I ; his time n means to th olle oat v rious imes. of his om.mittee u horize to oin the • I . : I•I ; • suitable memori 1 concernin r. h, 11 r • or • he n ua) mee in of the in On motion, ul 1 o t;e , the re i l u orized to ppoint or the comin ml rep or the srune o the omm it • communioution r1 t the o ition t he June meetin he o · t tee m t journ uef, rtr~ the I 1• l J . ; : ; II ; • . • la .• • ; . l • ; re ; • . ; ; :o ; . l �Danville, Kentuc • . ~a 17, 1924 . he Executive ommittee of the Boar of rustees of Centre olle e me in he ibrar 3uil ing . Present: lexan er, vowan, iiseman, ~odes b proxy, heek an ont omer • n mo ion it w s ec i ed to recommend he conferring of tne honorary e ree of Doctor of Divini yon hree persons a his ime, and the followin names were sen ou o he members of he o rd 0 be VO ed on b ballot . • everend Teunis E. ouwens, Louisville, Ken cky • • everend vlarance H. ~erran, Del nd, lorida, Class of' 7 everend J . renshaw, issionar in hina, of he Cl ss of 1906 On mo ion i as un ers ood tha in he even of elec ion, ~e Reverend J . ren haw wold be excused from a endin ommencemen in order o receive the e~ree, sis required by he rules here ofore a oped b the Trustees, bu it sun ers oo hat the rule requiri he presence of he c ndi ate ··oul oe enforce in he case of he other two names, s.oul he· be elebte . Dr . 'on omer repor ne ommi t ee ha several e bers of he lty were askin leaves of absence uring he vol lee ear . 01 motion a cmmit ee of the Board, consisti of Dr . Hemphill, Dr . ush n ...x. Ro es were pointed to consi er and reoort to the Board on t is oues ion of bsence by Professors urin he olle e year and he erms and conditions on hich such absence ould be permi ted and b wnat authority such absences woul be ranted , und repor the same o he ee in of the Boar in J ne, for such action as t ey uy see fit to opt . :::>r . :ont ornery called the a ention of the Commi tee o the fact that the Boar of Trustees ha ranted to him a leave of absence to be taken b· him ri the s er v c tio oft e ear 192r., an n to in to the pres of b siness heh been ble to avail himself of this v cation . He fur her s ate he ommi tee ha in his opinion his ~al n required at o 1 tuke his v ca ion urin he non ~s 01 July un on mo ion he ommi ee ap roved the lan in i omer of a in~ this vacation uring these months . On mo ion, ul a op ed, the Presi en was direc ed o call he annual mee in of he oar of Trustees on on~, June 9th, he he Presl ent as reques ed on if 8 o'clock, P. - • . an Trus ees and ur e hei r a end this annual meet The ommi ee adjourne . �D nville. entucky . June 9 • 19 24 . The Board of Trustees of Centre College met at 8:00 o'clock. P . m. in the Library of the College, Ulonday. June 9th , 1924, and was opened witn prayer by everend 3. J . Bush D. D. ciembers present ere c . • Hemphill , • L. Threlkeld, J . Cowan . B. J . Bush , G. E. Wiseman •. • T. Caldwell • • T, Irvine, J . ..!:I. . Cheek , G. A . Gates, l . • Du:ffield, ,D . JJ . Sweets, i . D. odes, . o. Letcher, R. C. ead, A . J . lexander, ~mmett O' Neal and Edw . L. iarren . , The ...linutes of the la.st meeting were read and pproved as recorded, and lso the ..anutes of the Executive Committee . The President of the College made his report, which as received, and at tne request of the President, the rea ing of the report vas dispensed with . On motion, it was decided to take up for consi eration the report seriatim . Uoon the recommendation of tne resident oft e Colle e, the President's report vus sent to the v rious members of the 3ourd and the ommittees, I to VII, v,ere appointed s !:lug ested b the re ident of the Board of Trustees, s follows: · I. Committee on .rleport us t.i. whole .:)r . Hemphill, Senator Brnst, . r . eu.d. Judge Thurman, .i.1r . 11.cCartney, Dr . Bush und Lil' . Gates . II . III. IV. V. VI . VII. Committee on rlesolutions relative to ;Jr . \,elsh enator ~rnst, r . Cowan , , ~r . urren Committee on Ho e und .i;.r o Scholarships ....r . Heud, .1,ir . Cheek , r. wee ts Committee on eorgunizution of De urtment of ii11w1oe i..1r . Threlkeld, · r . Cal well, r . Irvine, ur . Letcher, r . odes Cownittee on iaoulty le ve of bsenoe r . Hemphill , Dr . Bush, mr . Ho es ,.,ommittee on ." culty eoornmen ution .•r . ..cc rtney. .1.; r . Duffield, r . 'isem n, r . G tee Committee on Houstn• r . odes, r . own. ::Jr . rbour 1ff . Humphrey, r . Cul 1 n, r . O'Ne 1, The rule re(Jutrtu the pre enoe of recipient o us wuive in the u e of .Jr . Gouwons md tn de ree w upon 1 ever end 1reunts u • ouwa1 ~, Lout svi. lle , Ken tuok , Clurer ce r. l"e1 :run , Jelund, •'lor1d • e ree 01 " then 00111 t O l V • �. the UC ion of the re surer 1 Upon otio r o le C ' to t e pri1cip 1 until he 1Ull 5 , 0 . 00 ae pprove u i s o 1 . tne 111 ome of t to 0 .. • easons for bsenoe of en or .... rn t, .Jr . ...) rbo r, . .J: . ne 1,,,0 it tee t u n Jr . llen, werti 0 motion sust ine t 9:"'0 , to mee tomorro rr.ornin . . , J e . e Bo r s or er b s tne Li br r" of t .e t e resi ent . . everen Doctor E •v r l . , rren, on otio1 , ppoin e 0 Si the ecret r · i n t ki e 10, 1 ~4 . ollege t : o;.o 1 I.. e e .... 1 u es . • o es, ne report of t e 'ommittee on ··ou ing, presente n on mo ion 1 m d seco n o roved n he recommen ere our e e n ~s eive ollo s: he re por , ,•• ich · 1, We recommen n t the qu ntity of r i e more uniform he t i n t e bull in; be i st lle an th t the lav torie be re r more on enientl nd QUickl i tion be oh ed o pro to dri1 i ount i s 1~e so t t tne ,en c ke their toilets . That colore om n j nitress be substi ute for hem n ht tre · nitress, if pos ible, m ke pt e bed3 on S s t e ot er y in the week . j nitor as 1e 1 a n t thi com:nittee be continue or 1urt .er st o ne oroblem ,1th i str ctions o repor o la er mee in o tne Boar . stu y hi ittee recow en e th t i t problem further n to re rt its m • ~mmet O' eul an On motion the follo:vin s p rece mo n nee e he r. in ....r . • .:). te longer tie to ie s 1 ter • ppe re paper of ere d b 1r . d ere enrolle • r)A tote otio t ken b · the ....xec tive ar to the res· ue of ones receive 1 r mp in rpose of the Bour to e om he -illion Doll r .p vex he 200 , 000 o the er c ti or i or or st ents . n lemphil en of the e t-e rd he ommittee appoin e brin i the et of elsn m e report, :vhi h, on motion , :vs w1 i .:.i.s ollows: " fr . ,eor e el h , hei1"g electe trus ee o Centre L;Olle e lace of his fu her in 1890 , had been fort irt - for ears one of �105 the most useful members of this Board, and as especially efficient as hairman of the :xecutive Committee of the Board. He as born at Hustonville, Kentucky, June 9th, 1845, and moved with his father to Danville wnen six years of a~e. He was educated in the local schools here and was graduated from Centre Colle e in 1865. fter bein a resident of anville for more than fifty years he ms selected by popular vote a year a o "as the oi tizen then livin who had made the greatest contribution to the life of Danville." r. elsh was not only a public spirited citizen, but took interest in the educational, as well as the fin ncial and oivio developments o iltinville. He wa~ the oldest member of the Board o Trustees of Ken ucky Colle e for lomen, and Chairman of the ~xecutive Committee , and President of tne Board of Commissioners of the Kentucky School for the Deaf . or seventy years he had been a regular attendant upon the bb th chool an Church ervices of the Second Pres terian Church , and served as a ulin Elder of that Church with devotion and fidelity. is passin marks the removal to his rel rd of one whose praise is on the lips of all admi ers of goo and faithful servants of od and man. bsolute enuineness of ch racter un conduct recall the rell kno n paraphrase of the Thirteeuth Chapter of Corinthians b John ilton in a oreciative memory of one of his heroes - "e kept hie faith; his hope; his love." The report of the Committee on Llemorials m~de a report to it h irman, everend octor • 1. · arren, w ich was rea uni u opte , nd i as ollows: o the ear or ot Tru tees of entre Colle e, lrs: Your ommittee on the ,emoria1 etches of Honor le Ir . J . T. Tunis , John l. Yerkes n Pro e or uel L h o u ut the last meeting respeutfu11 r port: (1 ) Honor bl lee '. 'ox: o m 1". Ill t e lan e or the Book luut i born in u11ville, , 1 nd ld you in 1871, nd ie ovember 19 n ussociutes ond fellow orominent] s n1 se ul citizen. re V l ll nt connect with t er he wu ulin 0 1th uJ ember of r. J. In tne t e ook - "n l ruelite in in �106 hom as no ile ' • 1.u , Tu1 is s bo r n Oct ober 12, 1864, at '11111 mstown, Ker t cK.y , He was e ucated t entre ol ege an ~a ra te in the cl ss of 1885. Going to Lexin ton. e bou ht an int e rest in wholes le grocer firm 01 r r , Hoar nd Comp n, in 1886 married he a hter of r . James • Curr an t e firm ch n e o urr . u is n Howar . ~r . unis as me_ber Secon Presb terian Church of Lexin,zton , in hicn he se rv e as Jeacon , Trus ee, .ulin El er n lerk of the ~ession . tle st. e ?ic e- Presi dent of the 'a e te • a ional Bank from 1910 to 191"; ne as e Sena or from he aye te ount District in 1914, serve years as a Trustee of entre ollege . w- . unis s a p blic spiri ed ci izen, an honor to tne communit . He die eptember th, 19 22 . / (3) Honorable John In he lan u - "Know e no tha tnere hath a Prince fallen his a in Israel" . r. Yerkes was oorn i Lexin ton, en uc , oril 1, 18 4, he was he son of .everen Stephen Yerkes , • of Penns lvania, a ra uate o Y le olle_e, a scholarl ministe r of .e Presb erian hurch an form n ears >ro1essor of Hebre in he Theolo ical emin r a nville . r . YerKes was ra u te from en re olle e ·n t e cl ss of 1873. He studiexi law at t~e U iversit of ... ic. 1 an from wnicn insti tution he ,as r uated in 1877 an received ne e ree of LL • . ad b an e pr c ice of nis ro1ession at an·ille . He earl beCbJe i nt e with the le al, e uc tion 1 n comme r cial irterests of hi s own and of he Commonwe 1 h . In 1897 he vs ppointe ~ol ec or n iv of In n .even e for the 8th District of Kentuck b resi en cKin , o subeequen ly ppoin e h" vomr:iissioner of Inte r nal .eve ue s ton , D. ,,. in which position he w s ret ined b Presi ant osevelt , fter prac icin la in s i ton a number of ears i a irm bearing the name 01 Hamilton, Yerkes and mil on , he re r1e to Kentucky. In 1900 ~r . Yerkes ma e note - worthy r ce ·or overnor as epublic n nominee . His 1 a ~ater conferre upon him in 1 a~ the e ree or LL . D. an for a nu ber 01 ear ne serve s a member 01 the r stees . Hews ma e hai rm n of .e vommit ee of. mini r entre olle fer t~e resi nation 01 Jr . vanfiel was us c in resi ent o olle e . In fac he was infor all e r ed his posi ion an su ge te o t ne Boar t e Commi ee o stration, of hich he remained airm nun il he election 01 ry . ro ·es r Samuel • . heek: In he a e 01 the Book - "he is iple wnom Jesus love . " Profe sor e s born r e re in u1vil e s rd1 e rom entre vO e 187 . er his pe r son 1 i1 1 e m y youn men were lea confess nri n lde their lives he moul it influence o he person 1 act er of heir teacher friend . Hews Professor of in ru En lish Bible n his life ,a rape up in he work of he olle~e . Hews a r of he sec resb •terian Ch rch , Danville , the time his pril 19, 1 ' • He ha bee a Pro essor in en e olle e fo r rs a1 at the time o is e h was retire the n. (4) their 11, nun u 1 n nl 1"' memor of tion . " ber for one er, h ve 01 ere into heir fidelit will rem in with us I �107 'he o it tee on He - organization of the epartme1 t of ~inance, r . Threlkeld , Chairman , ma ea report which w s approve an a opted , and is as follows: ~PO .. T 01'' CO .• ITTE::::: ON E? T ~~"fT 01! 'U ..HZHTIO! 0' HE ne pecial Committee on reorganization of the department of inance vere in session some four hours yesterday , a ain this morning, also conferred with President ont omer and r . Cneek. From the un er sta in of the matter which \l'e nave been able to arrive at from these discussions and conferences, we find tnat the situation is too comp icated an involves matters not safely suceotible of offhand solution, so that our Committee are disposed to make enera.l recommen ations only , without attemptin to present any etailed plan of proce ure, leuvin his to be further worked out b the Executive ommittee wno are on tne ground and can proceed after mature investi ation oonsideratio1. 1. he y- Laws s ould be amended so as to create o fici 1 tLe o ice of usinese ana er, an define his right a1 duties as cle s possible . 2. Tne y- Laws shoul ten be amenied so as to redefine the ri~hts un d ties of the TreasuBer , as they will be a. fected by the creation oft e oifice of Business =ana er . Co e e 3. e re advised hat the books coverin other accow1ts o kept than those rel in o endowment and income therefrom are lreu by he Business ana er, at the Colle e offices. le underst n ~- heek that his own books, relatin to endo1ment n income from, re now physic 11 locatel at the uolle e of ices, ut re not t all imes open to others th n h imsel:f. Under t· ese c ircumst n es the xecu ti ve Commit tee, ui ter wnil l riz in t ems elves i th the pr ct c 1 requirements o the situation, cun oubt ess work o~t as tem b which the Treasurer will not be diveste o the custo • of hi on r cords, but at the arne tie the restdeut s 1 t 11 tie be o or ed a necee ury e to the ata contained in them . Solon as the o reventin t e Colle e, it seem these lines . 1 , t ereby of reu r . Cheek rom keep the si U 4. In rincip ewe consider t e option o a system o ookkeepin as is practic ble not bein arson 11 in a position o Ju o tne present system rn tr su est l coniition , this omm1 tee cunnot ut t is ae to the ~tter. fter tle B -L 01 tne Treusurer n er better asoert ine to to be revise . fhotever sy em i ke in the ccounts 1n such m he oll e oft ice o be >rom receip 1 1 ta ym Bent to need r, in uitoust pr ct 0~ 11 0 veto b 1 101 er com m to re e e 118 b �]( appraise him of tne income an isbursemen s of he en ole im to consi er he forec sin of inco ea 6. excep as s a mat er o mu ual pro ection, no investmen s shou i h irec ion of the inance Committee , be o ade recommen t t the ...xecu ive ommi tee meet a est morthly , nd he re uiremen so he B - Laws e inin heir u ies, and re a i e o e supervision of accoun sin excess of e en - five ollars rticle 1, hp er 4, bes rictl here ( o .75 . 00J s provide b 7, In the prep r tion of the nnual 3u et, we recommend dminis ra ion s o l at all imes ive •i hin i s income as ed upon a sow1 an conservative basis . a e orec hrelkel , h irman ibne Oscar letc er 1tober uld · ell • Irvine r . J. heek , 1reasurer , ma e is report sno in S eet t Centre College, ivin sets an Ii bili ies, of vario s assets . he bon sho1n in the list a poeite in he vault of eli y an olumbia rust omp , Ville, Ken c~ , nd ne no es un er head of mort ages bein- eposited in the vault of he Ci izens ional Bank of nville, Ke tuc This report was or ere iled w'th ne recor s of he Colle e . The True ees too' recess for ·1 ·teen minu es i order nat the vo ommittees havin au hori y to nominate members to fill v cancies on he Board mi~ht have ime o renort . ed as ,ollows: f er recess be Boar reassembled, an ommi ee 1 o. I report - Jr . s. llen, V. L . Threl eld B. J nomina e o ill c nc ies in the cluss expirin J. nomiz ted to fill he v cane c d by ea e sh, in he cl ss expirin 7, n onor ro i e s lumni -.ember of oar fill ass e rir g 19 4. The omm1 te her nominate to be member of ... xecu omm1 tee in ce o r . Velsh, de ce sed . On m , he eor a he elec ion rus ees o ruo ed o cs ne ballot for lo , 1. set o ove . 'ne members s reporte b it ee and amue 1 , ,. 1 . T he vo e vas un 1sh vere elec e erm o for s expirin Honor b eor e Colvin, as l Tr see, e rs expiri 9 8. rln i Dr . J •. • Cowan, for erm o ears, expirin • E ecu iv On mo ion r . ,lelson D. o es Commi tee as recommende b a elected H? Committee 'o . 1. er o he �nn 109 Committee No. 2 recommended .everend Cr.arles ... Hempnill, • D. for re-election for of tour years; !ind Honorable J. c. ·. Beckham or a term of four years in place of Ionorable Isaac nurman, w ose term expired. On motion, the Board re-elected 1everend Cnarles lt. Hemphill for a term of four years, exoirin 1928, and onorable J. C. l. Beckham as elected for a term of four years exoirin 1928. Tnis election as made on mo ion instructing the Secretary to cast tne ballot, and he reported that tne vote was unanimous in both cases. Te Board now took a recess until 3:00 P. The Board resumed business at 3:00 P. fter consideration of the subject of athletic contr 1 in entre Colle e, the followin resolution offered by ••• O. Le cber was dopted, tnat a Committee of three be appointed by the Chairman to tepott to the next meet in of this Board tl e present status of tn e ic control nnd an sug ested changes in t .. e overnment of t letic nt Centre olle e. r. ibney Oscar Letcher w s a pointed Cn irma1 of this Committee, with r. O'Neal and r. Duffie ld as members. The Business 1ana er, .. r. w s received and ordered whic ceive I. H. iled. Curter made his annu l report, r. Threlkeld ma ea report of the ancl orierei iled. u it Committee, wnich as re- On motion duly seconde the thletic oard , s instructed tot ke c re o certain expenses until tne received further instruc ions rom the above ommit tee ppo inte , cons 1st 11 o • O. Letcher, Ch irm n, 1. , • ffield, and .... mmett O'Neul. ne Committee on .. eoort o the re i ent s u \ ole, hill , Cn irmun, made the ollowin report: 'l'he Com!Ili ttee comrnen s n art 11 the uct ion of the mailin o e ch r1stee co of his eport e the annual meetin o the oard, t e otlon o e oar in a pointin Co, ittee 01 each i port sai i eport. It i recornmende 1 by ne Commit ee be opte or t e future. . . . . H mpin oc The ommi tee is rut 1 led over the lur e enrollme1 t o or the session - tne 1 re t in the istory o the Colle pecinlly over th reat increase in the eroent e of tu m in beyon the 'res man ni Sophomore ye rs. The Com lttee r comm toner sp ctin cholur It 1 e he l i !um. riend rtm nte o er y ue UV ietor o t J Y. thletics. ut udents e - woreu e U c. e phill, Ch rm n. �11 The ommi tee o c lt approved , an is s f o~lows: le ve of • EPO. T O:!' ... 0 O! ommi tee uopoin ed r w.at poli y , if a eave of absence to repor: hich ms report , bsence m de ee pt oul e Boar s soft e recent meeti g re a r d to presen •e athered at from number o izstit tions , chiefly he fins that most of them nave s •et no ver efi smaller olle es, ni e policy . e ata, however , h ve een ot vale , n as nelpe to pro ce he convic ion ha it wo l be to the a v nt e both of he Pro ·essors to formulate a fixed polio in ne m e1 . Colle e e.n o I aooe r s o he our i ttee ise polio' on he subject . at c ert in principles un erlie a 1 . The leave of absence i no o e for oleas re an recreution, b t for st dy an travel ha will nromo e re· efficiency of the ro1essor . he olle e sho 1 be assured of sn rin he benefit o t i s incr~ased e ficienc of he ~rofessor , an Professor snoul .ere ore , be ur er obli ation to re urn o he ollege an o ive a least to years of ser ices oul the Trus ees so esire . 3. The rofessor is o s bmit o he Bo r o to he Execu mi ee for proval hi eneral plan of stu or tr el for of absence . 6n the basis jus s a ed be omrnittee recom:Jer s be the polio 01 the Bo r o rant one ear's leave of bsance Pro essor or ssistant rofessor in h , in the or er o seniori ~ . i bein un erstoo h M"th he consen of the Board or ~xecu ive omrni tee Professor m ma e exctan e of 1 e rs it anot er Professor . ring he ye r's bsence he Colle e is o na he ro.essor one - half of his salar . This polio is o be put in o effec as soon as tne finances of the olle e will llo • I oes no a Profes is e ha the optio1 of e fixe Boar rom ac in a i eon absence or special reaaon . r le iven ore ne reo es b emphill, ro ·essor Por r's application 'ne ommi tee ouc in 'he report r of bsence a e a reoort , whicll as ,is ion tne grantin of t e request s ojec t Porter shall re 1rn 0 ne Colle e r of s ic ll he be pai ha.11 spree turt er recommen e sa vi e tnis oes no incre e e normal OU OI he 11 irm n . . iS ' pr - 'he s i oanno 1ecommenc1 r the reques 01 's leave of absence for l'ro essor t t he 011 0 lee cam ot sp re a his ime ro:fes ors , 0 f i ancial con i i n o mee e oe e a 0 ee ll s i en he pre ·erenoe to Pro esaor orter or the re he tlas been in ne service 01 he olle e for a longer perio ro es sor ehn . . �11 he subjects navin been iscusse touchin tne a vis ilit o the oari meetin annually on 'aturda, n vin the acca aureate sermon on Su1 a, and Commencement on on ay , tne whole matter was, on motion uly secon e , referre to tle ~xecutive Co ittee. ommittee ~as oointed,to report at t e next meeting on necessary changes o be made in tbe By-Laws, as ollows Ch rles R. Hemphill , Cnairman, J. heek. On recomrnen ation o the iaculty , presented throu~h tne o ittee of 1.dministration, the followin de rees were conferred on m mbers of the ra a in class: e ree of achelor of Ernest Gilbert axter Lo is Philip irk J. repps ~icklif e Beckham , Jr. James Churchtl Blakey Joseph J. lankenship Louis Ch rleton Bond Harr Kin Brookin .ufus .reston Curter ilip Joseph Clurke toner Clay on er S lter .Javis Joseph -itc ell ooley J. reen H n<lley r He rick lllam Hosken , Jr. rt Im oden e Jones K in rts 'rank i llen Kenne J nes loodson Kimi ird Thoms cCl r ercer a 18 Lisman auz yers Loui cL rine Joh J C owell Orman terson 10h11 . e r arl ] On motion e o r journe • ;j h o e nner or rhuno 1 Tn r ul Will ,ue£ l ~t - �112 Danville, Ken c.r.: • ctober 14, 1924 . Bo r uil in . of r stees of Cen re et in olle e of Ke e L · orar Presen v • • Hempnill, S uel Callen , , • L. Tnrelkel , J • • • o~~n. enj in J . Bush, obert • val ell, hillp ~ . 3 rbo r, .J . w . Swee s, . • .J • • o es, • O. Letc er , • J . , . lexa1 der, """ et O' 'eal, zeor e ol vin, • T. Irvine, :.: . l . , rren, n J . • v .eek . he mee in .ead an was opened with pr er b .Jr . llen . easons for bsenoe were presented from ~r . a es, v·se tr . Erns , which ere read n est 1ned . Jinutes o · the meet in ne Secretar w sins rue e n, of June 9th und 10th , 1924, ,ere re to correct an record ne same . he The Presi en's report was oard . r. On mo ion let ers of sympa h c a.rtney an o .r . ffield . aken up an iscusse ~ere req este b l members of o be wri en o ten ion as called o the esire of he Tre s rer of he illion Dol ar C pal n to pa wn ever in erest is claimed s due on the One H n red' hous nd obll~atlon o he Joint 1,ommissions of e S nods of Kentuc y to Cen re olle e . On motion the ~ollo in ac ion was taken: IB S, the Treas re1 of the Join Commission on~ uca ion o the to Syno so Kentuck , U. S. a.11 U. S. J. . , has informed the Boa.rd of Trustee of entre Colle e hat ne nus on n the funs with which o puy tne interes ue Ce1 re Colle e en tue oblia. ion of he t10 S·no s of ate, Janu r 1 , 1 '1 BE IT .~SOL/~D t t the Bo r of Truus entre Col~e e request, an it is hereby req este , ht sai rer remit tne a.mo nt stated in is communica ion to be ue, to ~i : pp roxlmatel· Eleen Thousan oll rs ( 11, uO) , n tie Treas rer 01 he volle e is instructed to use he same s income from en owment for c rrent expenses . On mo ion the resi ent o tne ol e e is a.ut orize to e 1 e cases here claims for return oft ition hich has been o i ~re made by stu ens . On .o ion of r . Colvin , he follo in re olu ion ". esolve • t no ur her a hle ic con es s be cne ule en re olleFe excep 11th vnicn are members in oo s n in of e in er-colle hle ic associ ions in whose territori 1 t re locu e • " o r Jo rne . L d �Junville , Ken uck . November 1~, 1924 . ne :xecutive vornmittee of the Jouru of of Ken ucky met at the ibrary . Present: lexunder , 'weet , fisem 1 , • r stees of Centre Colle e odes , heek n 1. ont o er • The meetin~ w s opened by pruyer b Dr . uweets, n on motio !elson D. o es us electe Ch innan of the ....xec tive Committee . r. t he request of r . J . C. lorton , ..ieoretur o:t the Ke1 tuck Presbyterian E ucation 1 Movement the followin resolution ,us u1a.nimously passed: "It is our desire to further thee ucation 1 illterest n u t inments of Centre Colle e un it is ala o our de ire to ~ork in narmony witn other resb.teria.n Educutionul Instit tions of Kentuc viz, . Presby erian Theo l o ical eminury of Loui ville an Kentucky olle e for lomen at D nville , Kentuu ·, to keep the resb.terl ns of Ken c y informed as o the activities a11 ui s o1 their eduction institutiolls . le believe this on be attaine by the i suunce of ua1terl • bullet in to be c lled the Presbyterian Viewpoint in connection i th hese o ner inst it tions nd that • r . J . C. orton i the e ito1 mun er . he Viewooint wi J 1 be devote sol el to 'ur erin t e uc ional interests n att inmen s of hese in•titution . " of to t e On otion tne anplication of en re l:olle , 0 0 or curren hris i n J.'.;U 1c tion , in hil elphi , for ireo t heretofore m e by 'resi ent on omer us approved. an ru tees us of June be inserte in he 'inu es o' he Boar i o n 10h , 19'4 . On otion t.he Com."Ili ee vote vOlleEl'e lumn i ssoc i ion o sec re 11 On mo ion \t W 8 clecided 0 C 11 Tru e to be hel 1 in Lo 1i vi Jle , Y.en t con th, 19d , t o'clock , P. C\ ont. omer n member 0 the . . On mo i 01 h he olan o iv • epr n pprove ... umni 0 1 tro 0 h 1 . the vOn i tee udjo rie I'/" I I Lo i e our<l 0 1'r min ry b n in ut res n : weet eckh m, Letcher , 0 ' C ek unl hrelk 1 . r. tee 0 o · Cent.r l lSh , l • Irr m o rd . t nee 0 m lI, tinP-: o Coll LS 0 Ken Colvin , l l • Humphr Bo 1 d 16 1 h r X Pl n. u i l ll b • �11 On ..,omm nic 'In vOlle e, he ac 11 n Of r . .Hemphill he follo in nswer 0 ..ne Bo r 0 he C ll rom e \'US adopte d : he communic ion ""ram he i C 1 0 ne orses in sue nee ne principles s este b he 0110' i UC i Ol ; es selec e 0 ~en re olle e hall ne r il educ ional s dards of his ins i u ion . sho 1 or inaril be a ull ime mar , e pl e I Or e r. y 0 no coach is o excee he salar of the resi - 1. accep he 2. nine man en 0 O 1 mo Hemphill an o o o case b .. o ou hern ~as eci e a end -r • . . rv ne , .::>r . " . . • ~r . e son D• • odes as a 0-:..11 ee he 3oar o r s ees his wi h Dr. ant ornery n .::>e 11 rooks o presen o soci ion of ~olle es an econd r. School in es . 101 On s eci e o entrust o he resi en n he ee he ques ion o ec1rin n ex ension of tne tie ockefeller ift, nich ime limi will expire on a ir a.nee limi on l , 1925 . " a io L r a i lllino comp is a ssi secon heek , tne follo; i reasurer of er enia o 1 e u c e ·or o lro on _ n r 22, 4, ~. h , n he corpor e n , o_ Cen re i hts . ~ n r e e o On mo io whom 1 is he ommi ee on B C met in cky . I journ /~ he I /') Ccrlu-tv- 1au1svi 1 e , en rcn 19 h, 19 Tne ~xec ive Commi ee o he Bo r of rus ees o Cen re Colle e he resb eri n heolo ic 1 emi1ar b il in • Louisville . en- Presen ornery . Opene en re ues ion of he m nner o selec in ose o con·er ororar e rees be s . of vhich r . ~. . . Hemphill is • he Boar on 1. on ir as al On mo ion he e u ime o hol in ne 1 u 1 meetin o of rus ees is relerre o ne 3xec, ive " ittee "th he 0 . I exan er , dweets, i h pru er b. On mo ·on olle e ul o, an , Hemphill , ~hrel·el , .,heek n r . Hemphill . ne of o o lo n ime no o he o �1 excee he o 1 um o uix T ou n :)O l rs ( u, 0), for tnese lo ns the rea ure r was authorize tot ke ne note of he en re Colle e thletic Board of Contr ol , sine by ickman urter, irea urer . On mot ion resident '011 t omer uhado n sac nvasser for stu ents . \I as au tnorize to emplo ...:ir. ,. On mo ion tne rent 1 of the we lin o .r.e campus, k10 nus the rye House, is referre to tne Bil ings and Jro 1 s Committee i h he hat only a)plicunts who are erbers of the 'cul of un erstun in Centre olle e will be consic ered . On o ion t e ... xec 1ti ·e om=nit ee recornrnen rustees tne con errin of tne Honor r Je ree o on Jonn Crawford Crenshaw , of the Clue of 1906 , Joe er, o the 'lass of 1912 , n he honorar Laws on he .. everen Thomas al lis .. aine /'_ / ' (l Committee adjourned . r k k <L' U.P or cf Jivi.nit John o tor of tr~,. < i Loui ville , Kent c~. ur-:h 19th, 1 / tfl 'l'he o r of Tr tee of Centre Colle e o l~entucky met in c lle session at the resbyterlan 1neolo ical Semin ry uil in, an as opened with ur yer b r . C llen . heek , f iel , Hump~re , resent: ld ell, 3urboir, Irvine, 11 n, wee , Ho es, Le cner, lex nder, O're 1, o~an, Hemphill, Threl ol vir. , Bush nd 13ecknum. open e b he resi ent o ]dwell, Hon r ble eor e ~olvin 11 xh, rou e a re or to the or concerlliM certui1 communic he re iced in ne h n of i omm i e b n lch vere the Bo r . On mo l Quest l to u. · re J n C. o memb r before th oks n I or J . o rl I. • me eir • journ • ' •' ' r n' ur on in O t i I r e Colle e the c l e ion o mo ion . fter me b r of folJowin a ov of n h e ple On o fi vlled in C l t Tne m • .. .. I • • " • - : • J e . .. horiz pro- .. �116 .J 1 v lle , .... 18 ibr ry he re mee in12: of r stees of Ce in t 8:00 o ' cloc , of the Boar of T s 1th pr er by The Phillie elson D. Hemphill , ,. re olle e of . ...... p rs nt ee , :Jr. resi ent ere as fol lows: harles ates , , . o. Le cher , . J . B sh , Emme O' eal , J. e e sen:: , D ~r . eek . ffi n e b Cal ets , ell , Tne reasons for bsence of he followin embers - : Dr . Samuel Callen , Honorable J . ~. V. Bee ham , Rev . ~. ~. arren, H. v , _e n Ho orable • . P. :rnst were oresente an ap rov~ . fhe bsence of r . J. . • n in rope s no e as suf icient reason for his bsence . na ion o 'r . J . c urtney , vin been presen e o he oar of ill he 1 h , ·ms, 01 mo ion, ccep ed . mee in s recorde d. pprove the regulur aru1ual mee ill of he Bo r he lle ee in in .J n ille on Oc ooer meetin in Lo isv ille on ove ber th , 1 Louisville on arch 19th , 19 5. ,ere re The -..inutes o:r he Exec ive ber 13 h , 1924 Ul i Lo isvill e on prove as eoo r ed. Presi 1as referre poin e by r . !irea rer's re poin e b he he Bo r e x es rne r y r ver 1 er, ir read nt of hi it en re Bo too,c recess un il 9: tee held in 19 h , 19 es f re o rd , been p o ru proper s. o r ~o , . . , .... 1 "ednes ay mornin , a 19th , 19 5, he Boti.r i ion o the o her members present Honorable • • t . L. Threl el ere enrolle • sh re i e on Or r. • vhich ed nd i m es me pne ee a.p - h, 1 em le , a e Irv il e the e, o repor on n re e o hem . ion ias re - commi eed . J.he anville on ovemere re an P- e Bo c e, · ai d i1 r. i1 of c ion of he report " s es me om- . ornmittee on ~orni or ac 1 y 11 C 01 rsnips ma e u re or r.e folloving recommen ion ich were ope : ne floors in .r.e & ls be c O\·ered with a cor . . inoleum 0 re uce noise, pre err bl ba leship lin Tn n x.a itect be ernplo e 0 s his b . 1 in C be C in o uni ch C 101 11 he :: ecu ive Commi o have o er to 0 con ai P or fir her reco e 121. en tion of nis i tee ee bo om of I �)D 17 That inte r i or should be painted, and ivy planted to cover the building on the outside . he pro1Jer care of the campus itself, the cu tin of tne grass particularly, would add much tote attractiveness of the dormitory . Tnat the negro janito r s be dispensed with and tat a mature white woman be employed , witg suitable quarters ln the building, to have cnarge of the cleaning of the bo~s• ro oms . le observe with satisfaction the work of .rs . ioe at Old Centre and her efficient management of the living hall and her wholesome effect upon the boys . One boy said to us in speaking of !.:Irs . ice "There could be no better . n-. e recommend that the President proceed to obtain plans for a ue and modern dormitory , to be erected as soon as the finances of the College will permit , however , the renovation of Breck Hull snould be first completed . We r e commend tnat no leave of absence be granted during 192 -26, but tnat leave be granted Professor J . H. Hewlett for 1926-27 under the same con itions granted last ye r to rofessor Porter . le recommend that the President be authorized to select 1d emplo candidates to fill any vacancies that have ocoure or may occur in the faculty at a salary most advantageous to the ollege and in narmon with tne b ug~t for 1925- 26 to be approved by this oard . · We recommend tha acceptance 01 the resi nation o Professor , ... er Jr . "/eido. and -::>r . Diez, and that t e employment of Profe sor 'I . L. Hyden for he chair of hemistry, on terms and sa.1 r st te he £resident, be upproved . E. Ervin, recommend that tne President be empowered to ren er such finuncial ssistauce not to exceed , to r . l i , Libral ian, as in his judgment is wise, in his p""'l-1:11_1___,...t-o-attenJ. a summer school tni summer in pre uration for Librarian's de ree . ,le recommen tnat tne 3our rute ully uccept tne Ut of , 000 from ,rs . rank tool ord 'need to est blish tne rank oolfor Sneed emorial ~unci, un thi o rd ssures her tn t t 11s 1un v· l) be kept intact an invested in securities, u1 the ammul income t ere1rom shall be given to tn t student whose cumpus lea rsnip, moral purpose n academic excellence , in tne ..,u ment 01 the . . 'a.cult. merit th achol rahip. No student shall be ell ible 1or the cholar ni non not spent one year at Centre. rrhe inunci 1 Comrnit ee \ i rep r to he Pre i ent ue oon us po ible s ouri ties nave been u1 01 a ed so thut he mu not i y rs . Sneed . '.l'he rincipa.l o tne ,r o 'und now amounts to income therefrom is uow uv 11 b e for the ne t ol e terms of rs . r o 'a will . tll r the to the he "'ranch Ho e 'u11d be tr 1 ferr e recommet1d th sohol r hip tund in ccor moe wi h t e un rst ndin between r. fuo1tomer the onor . ut th Jumes H. lld Orti l" . e recommend ccord nee wi h the wi hes o be estab lshe in r htp �11 was presen e hers pre en . ich ere s h he e rees, r. repor recommen io io m e by si pass on t e t mmi ee be empowe l u su of :re o n in· ool u h urated in the si e . o be 1 l of s r sis , hat and r n r 1925-26 he es b~ s e problem , h ut . 'le c 1 n mover nas so 10 o s vi ans Commi s recomme pe tc hi ee on B i he ol o s: e tne Co 'uc i ces m r e e h s wnen o, . a b 9 7. e e i ·e to ol e i l practi - on- p a e xpended ent o an h h • s reoort. an oe of he t e mo ,in 0 ions of his repor. Op • re anprove . In i te o tne f c hu in em interest from fter of in his , reoor i e ea 's r Ci Of 0 or comi bmi he 01 se by increase . a ance , revision be ma e s openin o Colle e . · ns vere o e1t's repor ,e complete re olu 101 s 0 01 e opte 0 •o ome for in a p esi he as cl.I to mee ne recommen . na- ~6 representative of ck~ th rou11 s ·or confereu appear in th t bo t e Treas rer concur in reco mendin be made a his lme, t .e follow n i ·on o: t visi s Ken Yo r Commit ee com:nen h o he Y un sisters beq est d in his reoresen a ions o t e B a mem- on e c e n in 0110 the er of concur in he h ei her de rees is repor June 9 h, recommen orec sts M.r • •,el on D. be n s e ne it i ers re a in conc·r he �D voting int e af irmutive to wit: oved t t Humpnrey .obinson an omn ny be en aged to make a full ana complete audit of the books o Centre College, showing tne list of investments an furnishing e nresent vale of sa e. also recownend as ste of bookkeeping to cover the re irements of the Colle e, n tLat a copy o the u itor's report be f rnishe to each of the 1rustees. ne followin a itionul resolution was ul o a opted: ,e reco en tat a. ook o be entitled" he Investment e ister" be prepared, nich e i ter shall ive full information concerni1 ever sec rit no one. or t a may be o med by Centre ollege. nis book to be in it ion to ny set of books tnat may be recom ended b the certi1ied accountants, n to be prepared un er t. e supervision of the 'in nee Committee. It was also moved, and unanimousl a opted as follo~s: e reco· end tnat every one connected with he mana ement of tne 'inances, E1do 1ment, or c sh of this Colle e be laced w1 er bond, t e amount of ond to be determined by he Chairman of the inauce ommittee. ·, i tn reference to the recommen at ions cone en in the establishment of a epartment of hristia.n cation, in view o tne limited con ition o our finances, an the inadvisability of ere tin a i ion 1 expen lures for r ext ~ear, while t the same time reco n iz in the 1 e ior t e creation of this epartment, our vornmittee recommend s follows: " ..... SOLT D that the President's recommendation for the e t blishment of a ep rtment of Christian ucat ion p eari11 in t e second o r raph, Pae 9 of his report, be approve, provided tat in e o a ortion of our oresent ener l endo¥ment tot is speci 1 prenot inc re e t e resent 'ac: 11 t of the Colle e, n r inc 1 e in o sent expen i ures contemplated in the bu et us sub,nitted, far s ny increased income rom d litio1 to t e en ow1,e1 t of tnis pr ment to be receive from e Bo rd o · Chri ti I -ducation o the i>reeb teri n nurch, U. ;.). 1 upport s 1ch i ti on 1 in r c or • " ., ti eca it te " II " r rn i tu es . . . . . . . .. . . . .. .. .... ....... ministrution. ul ' nd. inten nc tion uctio l tment llo noes 3. 4. " Totul 0 e t by es 1 b . . . .. ... . . h . • l 18,430. 4,7 o. 70. m nts is u e tim t 0 (\ xpe1 o.tion: I em 1. e et forth belo a e i ne tent tlve bu et or h year l the fi re iven in the oapitul tion o f r a 11 6 u r .. . uppl e • n r . . . r 0 �20 .eceip s fro endow ent an o rer so c ces es ..... ted inco 1e rom · ..,tments m e 15 h , 19' 5 ive Commit f K ·., u. Boar hristi n hila el i ... na er ncome' e t imlite r n tot 1 esti te income . mate 0 b .I he 56 , 47 . o7 900 . 00 1 , J v. )0 1 , 1 4 . 4, shoul o his otal of es imate income , income is derive uring he fisc 1 ear 1925- 6 from n ich are expec ed o be m e in he ne r fu ure on cuo led e 182 of he eneral Education Boar o :e York. he CoClillit ee on the .nnu 1 .e ort of i>resi ent 1hole ~oul submi the following report: The ommittee ver her i1 in m king up his report in adv nee o be mailin a cop· o each member of he 3o r era ion be ere he convenin of he Boar he et n . on ever omer s a tion of Dr . .... 01t omer oft e Bo rd, wd le ime for i s con- t sa is!ac io. in ne The Committee esires to express its ~eneral policies oft e resi ent ac 1 an in he success of tne vork of ne ear from he point of ew of hew ole histor of he session . fuile here are some t ings in ne ife of ne inst1 tion that we would earnestly wisn o be amended, t ese hin s r e of a sort na are affectin almos e er olle e of our countr: , and\ e ave ood isdom atd effor be er con i io shall hope h b p ience an ra ually be effected , ile the enrollmen or his session fell belo ' . t o 192""- 4 , he reasonf for he ecline vere set forth b the Presi"en t he ee in of he Board in October . 1st . The pro oec for on increa edenrollmen ext session is bri ht, an e reco en. in ccor ance •i h he Presi en 's ju @:ment t11at not more nan tnree hun re men l.en ·- fie e for 1925- 26, nor more han hree hundre Som n items of tl e repor n ve been referre o he special Committees n tHis Committee takes for ra1 e tr i tJ eir reports these items will be ...· 11 deal wi h , n it , nerefore, recomme s no c ion on the , tho i h s iven more or less consi er t·on o ost o them . ~he Commi ee expresses its ver rea ple sure h e co ie e has beeu f v. i h the HBsoc ia ion o Colle es a1 d Sec on r Schoo ta es, nd is in mot cor ial relations wi h the i ion mbr ce in is ssoci tion . It al o ex resse its ra 1 n t he Universit of Illinoi has pl ce Cen re olle e on h of " " class olleges . e have ever. re o believe na he e visit from tne representa ives o o a r 1iver i ies ich o r .,ollepe sen i s ra uates i s f ese i1 stint io hat our radua es are worth of 1 avin e ir ere ackno ·le e full vale . I �21 It i recommended tat ickman urter be appointed ecor in~ ~ecretary o the Board to record the. inutes at the Board's meetin s, nd he is instructed to orovide the _resident o t e ol e e 1th a copy of the ~inutes within to a,s an to en copies to all members of the Board within tend ys after the Board 's adjo rnment. an The re ort of or ered filed . • H ick:nan Carter, Business ..:an er as received e report of he ommittee on tnletics, ppointed at a previo s V mee in of the Board , consisting of ill ard ffiel, ~r.unet O' .,eal A an ibney Oscar Letcner, Chairman , w s received 11 referred to tne Executive Commit tee with power to act . The Committee on e evision oft e orstitution and B -L toe olle~e. consistin of C• • Hemphill , hairman, and J . report pro ress n sk for further time. It, on motion , s J . 11 . heek ave notice of n amendment to the B - L s to be known as a ter 16, of thletics, 1hich , us as follows: "The e co ol of all thle ic me p esi ent u .:, cult. of n r Col e e i ves e in hro h he letic r 1 which sh 11 1 faoult f le n two r i members o nnointed b es n f 11 for the ter n 11 their pp i in 1 ike ma1 ..11er . of he Colle e an ex-o io .er ber of tne Bo . . he ic oi r of on rol hus app in e all elec uecre r n re urer , w 1ose u ie s1 11 e tllo e i evolve on sch officers . le r p in 11 011 f of col ch C '9 en -..o mes me ol 1 1; h h n 11 8 J c: o no jou r11 l. e or otn tne 1 0 nt r." t 01 its 11 �i te o oll e o t e ,rm e uc. 1a l ca led to order b o ened at a tee! , i eetin o t e Joar of eld at the ~ibrar J il v air n . vi ... e , ~e tuc e t , l 5. e tre a.nvi ... e , . • er et e cJ • tuc. th r e b C 1 d b m JJ . e . e C 1 e io a ad recei arrie . .., -U-1 r.t b 0 e lt l; r. te a .e e re o,j e l , b ·• ar s om E . .o ertson rt on ins 1 l r r. ( on r. th , 0 r. I �n 23 On motion , carried , t' e e ~egree 1er anted . e Pre i et ten ave notice of di tribution oft .e fol l orin~ cholarships for the c min year: rgo chol.ersr.ip ( 250 . 0) elson llen, -rn lin , entuc nea ..icholar hip r~est 1oford , a ville , collecte by lrea urer urin on invested funds) ext available t1 olarSi ip ohn ~1mo ace , urove , 0~1 0 e moti n of c .olar ip econ ed an (I ter st fisc l ar o a car ied , t e abo e.ue of nee relative to o ek, urer of the oll e 1 E.nnounce • 25 e certified to the Genera tion Bo d e from th 975 . 57 , recei " • 7 .1 . t t e Yor CitJ , t rd ard had pr ter .en nno c aced e v ,8 c• eforo , e it receive t. 6 t e tota exp 1 .he ~re o to the 1 e to collec t to so e r n u d ril 27th , ( e d ., et c s o , 177 . 1 lv onth t t t to t ti 1 en ionn t t t i u t t te rd . th , . 14 .J �2f rr . "'olle t .e e Col oard to ol - ter . r- . en 0 i u ir eco en 6 1 II f e 0 rd £.:S .L e:; r tor ..ic er n t, esumed session after lun h , p 11 . of e 0 e ted blue i t ro a.ct .:.on t .e .t!.xecuti ve ~o i tt e , t .t .iele tes t0 u e t e seb ... 11 o 1a aut orize verti L reco i ere itw to room i ~rec in i .. or ne ear . to r J o r ce til t 2 : 05 cov rL V e r 0 ... 1.) Ull e s C 0 • an e ._.l, rec in- color 1 v tri lets . t ef r rd 11·n all orcer..e t of �,o srs . e il.,_ a _ &J ed be relc' ed r o ittee. ~r . lcXl.ll r t. r.1 ..,t tc ., • t aL .iounce int e ts ould be iven oat t rou t c office 0 of t e l,ol::::.o e . ...... :ir .. .,_ .ere otion 4 : 50 0 1 ei • C OC. o further b ud~ournrnent h do OI .:..s er ... e .... .:. et t y, tl dden wn t the meetin o the Board o ~ruuteeu o et e Colle ou.:. vi:le , e.tac , on OctoLer n , 1 2~ , the ~cc t~ oa d ra~ au .. orized to et. fol l o1ing a endum o .inutes : ".efer in tote of r . . ea nd ~ . em on tne Com. 1 ttec , tl.e hai man , . ,ill ,ar .lJUffield in place o ~effip 111 agr c to oerve on t e OU ho called m etin o eld in o L,vill olo ic 1 u i ary e , ec l el , re v v _._ t orogoin �126 ..,t 0 I ie. G · vet et no t 1. tever col Credits fo to eed t e.-cec are ed . believ fer iet o co rse sti a:l ever corpete a le society coo o e colle e . reco i f col ere i its tte ot ith o ::. be rd t re at of ina .ion- i t o vc en u.at t-e re et a 0 · atol orga ize it., :finance o a to bee.. becJ e ol ... d e e .tre • evere of e ed tl e a o ted : • e J r a vur e • ollo1in o t on , 1 it I 1a I �On call of o t e oar et at the n, e . • odes , c air n o s of~ .tre olle o ional a , uar..ville , • ,e ,.)de r. ai avid n; u 1eet , J . i t e i eman, .. . .ee ... rel eld , er . as opened rith pra er b .. .. e rue et in a . t On otion , 1 seconded c.nd ca ried , ·t tive co ittce meet o thl on t e con 7 : 45 P . • ~ . J. • C ee , ice - e ... ident of , i ..vited the Co ittee to hold itu ont ~irector roo oft e Citizens .. ation 1 a ic invitation , or otion , dul d, ce it i ttce , 1n ac ... or , n Octo r e t r • .u ville , or tizen.... tio irec tor ' ... .oor o at of .; ittee d~0u.r1e . vn oti.on., ill , tuc • Oct b r 12 , 1925 . tive Cor. i tt e Centre oll e ting at 7: 45 P • • in the D B of ntuc ad t i Present: .. . D. o ., ets , h audit Humphr (.;Q itt t On of or 1it • Cv •1 h 1 �2 tte tion the r ecte e e er the xecutive Co a calle to the fact tat eon the campu no1 rented to ofessor ehn , a not th t e cit stem f e ers, and at the r ~ells 1 an ee ing attention . On motion a contract va let connection vith t e cit e1e r, a e to be paid b the Busines anager . On motion t the ibrar 11 o'clock rham , lumber , to ma.e this bill or t e~e ·s order - ittee ad ·ourned to eet in a ville , Ket , a of Ce tre College on ·o e ber 9 h , 1 25 , at (. c above inu e of October 12th i recorde in error . ee correct inute n Pages 131 and 1 2) ville , entuc October 6th , 19- . alled eeting of the xecutive Co ittee of ventre College of ntucy...y va held at t e ~ibrary buildi o e1tre Colle eat 11 o ' cloc . a J w op ned vith pra er . i 1. e ode , Cl air d ~. A . 1.; ee .. . . J. l xrud r , . ". e inute oft e CTeeting o 1e ec tive Co ittee held o 1th, l 25, ve e read, aL on motion , ~pproved a recorded . . • Co 1an , October J • • Cheek, Trea urer , nlled the atte tion oft e Co ittee to certnin rights a cuing to the co toe hol ers of the Il i oi Central ailroad to b c ibe to 6J preferre stoc at par . On motion of J . heek it as o dcrcd that the ri ht to subsc 'be or preferre i the Illinois C ilroa accruing to co on to of aid roa be reasurer, n e proceed J t a c ·ng on ten o be d to t.e ri t e G g u the proceeds o nee o h t a J.e tote I c count of o o ·er by the re to e u n . t tho t o and acti er 75 . 00 for eeti o t e er requirement e Executive ne all e follo oval; all be ent b o i t 11 ich lave nr of c ntr fif y of the onth of Executive eo itt u e orized c to �29 • Alexander the follo~ing esolution as On motion of ad pted: A , t e Treasurer has carried for ::any ye r on his boo s a fund de up in the ~in of the discounts on bon s purchased and of a stock dividend eclared b the National uel Gas Co any o~ .e Yor , and this xecutive Co ittee in the at has r 0 ar ed this no rt of the regular en o~ ent of the Colle e, but a Iund ich coul be u ed for an college purpose ot er t.an th ayment of cu rent expenses, and , thts fund in art as used to restore the esidcnt's house i t e ears 1921 and 1922 on the campu , and to as~ist in building the College tadium, and r A, in the opinion of Humphrey .obinson and Company, ccountants of oui ville , Kentucky, this ,as incorrect accounting procedure , int.at stoc dividends and the advance from cost price on bonds are t emselves a part of the endoiment to be use alone for reinvestment in income pro ucin properties: ..........~.~-.0 , IT_ ~01 : That the Trea u er is authorize and directe to ma.l{e t:te followin entries on hi boo.te as of 15 , 1925, to,it: (a) ~o tran fer from Plant As ets to In e in Perid nt' s manent und sets the amount at ihic the .:31. resi ence is carried on th book, viz: (b) To re uce the General Endow nt Li bilitie b , ich 25 , 000 1as paid by the Trea urer to th College Athletic Board of Control or the purpo assistin in t.e erection 0f th tadium . (c) ~ore uce the neral Endo, n unds Liabiliti 3 , 33 . 33 , ~hich a ou.nt s pai b the Tr J . C. Jorton, cc tar of th resb teri n ovement, to r irnburse him or the a .. e a ount by him to a r College under reem nt . On motion the Commi ttc journ t mo t on Ll'ov mber 9th, 1 2 . in re ular monthl meting to be h ld nth buil in Centre Colle e t 11 o'clock A. l . l ��anville , cntuc • . October 12, 1925 . ~he xecutive ornmittee of Centre ollege of entuck , et in re ular monthly eetin at the it iz ens ational na r of anville , entuc~ and 1a opened lit. prayer by r. eets . Pre ent: .fol on • odes , Chairman , Gu • ,isema.n, • .u . 1eets, J . • Cheek and .• A es ont ocery . ~he inutes of the xecutive Co ittee ueetin~ Leld 1ere read and approved as recorde • • C CJ • eptember 18 , 1925 , ~he report f Humphrey obin on and Company , dated October 1 t , 1 25, being an au it of the ooks and ccount of the Treasur rand the usi ne s ~.ana er for the fiscal ear ended •. a 15th, 1925, as considered by the Comr...ittee . U der authority of the Bard of rustce true ing the xecutive Corm ittec to receive t i audit , an to a er ort on t e a e to the Board of 1ruotees . u, On oti n • A. c· eek , • ctn and po· nte a Cor..r:.i ttee to confer iith wnphrey regard to this rr o.t , and pnrticularl 1ith b them of the 2 , 000 gift to the taiium fun s to imp ove i.c resi nt ' ouse . to er bin on and Com fc ence to the hr.ndling and the u of ndo nnent On motion of • i eman the foll o,1in resoluti n 1as adopt lherea.s the Tr asurer has carried for many ears on his book a fun ade up in the in of the di cowit~ on bo nd hereas thi xecutive ittc arded thi und a rt J t e lar Colle e , but a un I ich could be us d for An ·1h ereas this fund 1a u e to r stor house in t.e ear 1921 and 1 22 on t 1 i1 buil in tle coll ge ta ium; e hereb eel re that the fore aid und is ~lar e do mont o the Goll nd a rov t r use e of tl: i und . On motion o n 101.., ares 20 •n I • • .' II • J • • • • • 11 C . : C • .: • • & : • . .' .. • • I I • J follo~in non carri toe I II •t • . Co~ n t. II 4 • D. the follo1in : • • ' • J I C • I • .. • J : • •• II I J • .. • • ; • C • •• • •• ' • • ••• rti ic t J J I C I elution 1 nth G n r pfd . Comp n , c .mon & • , • • votin t u t • ti on I • •• J • r : t I I : II C • • C •• a• C I •• ] �.or beginning as o i1l. 1 , 925, t e reasurer i intr cted t carry on his boo at their cot price all th e stoc , bo1 a. ote tat t e ol lege may thereafte r p chase , and he ill adopt , on all t e toes , bods and note s o,7ned b the Co lege on .!a 15, 1 925 , the ark t valuation ixed t.ereo by Hump re _obi n and Company i t.e· it date October 1 t , 1 25 • .1. e 1.itte the c pus cepted , complet ::1 . 0 • J• n e OILI~ittee deci ed th , at 11 0 1 clocp, on the campus . e Co .:.J erage s ste s ;anager i e.m t cJnncct e r house on of the tom of Danville 1a ac tructed to a· forte a e hen o ,ol d t e ext o tbl eeti g on _n the -ibrar~ buildin of the ,ittee a.d:our .ed . Lo· ville, mtu~ October 2nd, 1 e Board o ine at ti.e e•• tuc , a. tee or s of entre t e .iJr . ,iarr en: .obert ~. Cald1e ~ . arren , ill _bne O c r 0 • • ic ard 0 1 ea , l Callen, ill , _ev . >.J Jn motion ulJ made ~nd seconded it ra esent forte urpo~e of ta.kin do1n o t .. e 'Jard . met in alieo meet at ouis .. ille . - illip uf 'ield , • er , t . .;r . . _ ice ....n , • ~hre ld, _ , . ecide to h vc a teno ra er o e ace atel t e procee in c inute of the annual of the oa of .r tee o e tre Colle e held in a ville , entuc , on Zune th , 1925, ere ead and after oo rections de , iere roved for record . c ~ecretar eti1 the fer tot aut orize to ut oard of Centre Coll above state~cnt r from a inted ill 11 a red rvc inutes of the call eeti of th t 7t , 2 ,ere read don on the. inutc" of the :!.le ..un h, t . d he an , held i follo~in i Ville on ·o rection �utri e ut the state ent that the co ittee s continue and e.la ed b the additio of overnor J . C• •• ~eckham nd . ; . • Chee to the comn:ittee, also strike out the moti n tat t e proposition of ent c College for 10 en 1a refe red to the enl rge co itte for f t er inve tigation and report bac to the o d of .rustee at a meetin to be held in the all , and ubstitute Lr . u1cets' otion: ev. Da.Yid • .1eets offe:rir.. the follo iL. re3olution, &dopted: ":.i.:.a.t this Co ittee be onl rged to .. even ember, being • :tee: and .... enator ; . C. , . Beckh m be in tructed to continue negotiation ,ith tt jo of e tuc. College for ,ocen e urdin the of entuc olle e for omen and cntre . " • e consideration of the pa e otion table • subwitted o t o e r. , :er. ms . as on • he committee on the roposal o. entuc y Colle e for ,omen a as ed leave to retire and on return de the follo in report: C .here has been place in the hW1ds of the co 1ttee a co of resolutions ununimouslJ ado ted th1 wee· b the tto uynod o. entuc • 6he follo1in is the r solution a opt db the uynod of Kcntuc y, U. OL er te the plan propos d Centre Co cntuc y, in co erian Church i r 1 1 i · C · i 1 · f d the to th t tr B I iven to no, co unde yno of an coll , that n oft a lik oint Co . C the t i a I i tr �ca r out t .e a ce .ent 1hich ma be r..ade b t: · ntuc College for omen ru d entre olle e of entuc · • .u. .,_ e resolution~ adopte b the 1it t ere olution adopted b tat t e ollo in addition ,a~ " ovidin ho~ever , tat hall irst I 1.en . l,J . : s for eith r l;Olle e a e authorized b In vie of thi action O.i. in truction ro t e Boer od , t .. e secon ea , t e follotin On motion made ical " 1.denxcept ,10 action 1a as furt er ta en byte Boar .he Cor:n i i authorized and directed to consider the action o the ~ynods U. • ~. and U. u . to f ther consider the entire question be rin i the prior action of this Boar ~d to report b C( ith its reco en ation to a eetin to be celled by the .esident of this oard 1hen he is notified that the co ittee is ready to report . r . o t omer stated to the Board that the u o . S. . have agreed to meet in a ville in ~une 1 6 and he reque ted aut orit to place at ... e i osal o the ynod t e bui dins an roun of c tre Col. _or their use du i tl:e meeti On motion t i r t 0 Dr . ~to ,e stated t t the to e Colle e 400 . 00 to duly made and econded , it . e ia al o authorize s c. 0 • ou.n ation a reed to ive tu ent Loan und . On otion 1as authorized to accept t.is t e tl a ..t..S of the Board for 1n v.ie of a misapprehension on the rt o the 1 i Asso iation tat t e te of service of ·r. et O' ,eal expir last une an as a. result of this mi apprehension , Lr . 0 ' eal 1a nominated to serve for t.e next four ear as lumni re esentetive on the Board , tis Board • u et 0 1 eal from the clas e 1r.1n in 1927 to e eb tran fers e cla e irin in 192 t..nd also tranvfcrs Lr • • illi arb from e ir:n in 1 27 . t e cl s ex irin in 1 2b to the cla tte ti n .,as c llcd to t e fact t t o •1in to th lact o \..8 o ixteen £rustces at the eetin of the oard held in a une 9th, 1925 , thee ra no election of the rustee ,hoe ter e ·ired in 1925 . ...he Comr.. i tte umber I a.1 d .. umber II of t e .Jo rd a c for t e rlvile e of retirin for t e purpose o_ ma .in 11omi1 .... tio for u t es tot .et e place of t.e clas e 1.r1n in 1 25 u1 off" t e vac c in t.e ~o rd cau ed the resi"llation of bl ~o cCartne, ber vf tle cla s rho e ter 10uld e i 7• .,_ i .,_ e t I s an recess ta ·en. A ·ter an i revumed it •umber ., . in l en 1 1 inute no in ted u e to uccced ' both co e i .. tee or ct rn d ru bert t r the Boar Cal :iell, of our • r a . D. �3 On otion t ere o t of thi co ittce 1 sap ove an t. e .1ere elected a no inatcd by a une.nimou risin vote o sixteen members of the Board rese.1t. L.B.- s Co ittee ,ll.!!lber I further repo_ ed t e a e of on 'cElr y , of Lebanon , • to succeed a ~ru tee in caused b tle reuit:I}ation o on,rable John P. cc .w.Omi atio 1 1as a oved an r . cElroy elected a..., expiring in 1927 . rtie ore t n ble . cla s Co ittec umber I I reported the 1 o of- · .ate Irvine anu of et O' eal for the vacancie in the class e irin in 1925 end on a rising ote consistin of mo e thon sixteen members of the Board , the election of these two nae as ru teo lli 4bers of tho clas..., expirin in 192 ia confirmed . ~he plan of esldent r for an Alumni ecretary an 1hose s port is to be provided for by th voluntar contributions of the lumni ias approved . otion 1as duly de, seconded .d carri d . tudcnt t e .he 1ritten plan ubmitted by Dr . ~ont o~er for aidin by ifts of schola~ships a ap,roved vith the und rst should exercise discretionar por r in each ca...,e . e report of umphre obinson and ompa.n, blic aunt received and filed ad on otion , dul de and seconded , it a r fer e to the ~ecutive o to repo ton . cop o thi~ re rt ra delivere to President onto r for use in tl e o ic of the College , same a l so to be ni eo raph d and a cop sent to cac of the Board at once . vill , Iov ber cutiv e o ... t e Colle l x.o.ndcr . Committc of C tr t 11 0 1 c oc, Goll • an s nt: I elson 1 . 10 t , J . avi inut o the r rea 1d pprov d a , Ociob r 12th nu th , �1. 6 uhe ecuti·e ad inance Co ittees o he oard under t c e of the xec tive and ina ce Co=iittee . 1 heek it .a ordered tat ge Lall be co tersi 0 motion t e .rea rer 1 s inst cted to pr acter of bonds tote xecutive an t e a e, ~· it further oder ·t e tre olle0 e to sc · ue the soever st do1 et ment to e o nl xecuti•e i tt On 1r otion t r co to be opened b . Chee .,. .u a.:. ~a ville , ai 75 . 00 t e , t e e car- c a ing d be o of c:s o at to restrict the in•• t e the app oval of the ~xecuti,e committee va it ump rey obinso and ~rea urer and the u iness , . fund to be th o of 1 ic i to be p id e for o done i is prop ition to endow t tted in r·t1 - to a ~ub e e Bu chec.s iven b the hair :.an of the th r • i t~ucte about u e e i end e e 0 0 .... of e or e exact for ize lill be ecutive Co ittce . e., s .anager e ented to th o ·ttoe for their ap ro·al b~ him during t e t month , and accounts exceeding ch a e unpaid at the dste oft i c tin . the accounts paid 1ere approved, an the account read to ttee .~........ d n t been id ,ere a pro·ed ordered paid __ 0 er . 0 be otio uh om ittee dJourned to meet the second at 11 o'cloc . at the Librar buil in o e ( (., �D J.,E.. ~he,.., ecu,.,ive egula.r monthly Centre h ir o an , J . o~ the last onthl rov€ a ... recorde • e beru , • ee .:.J o .1: a. d eetin 1 25 . . rel el , es o... th o.rles onto xecutive o e e uecr ta y a irecte to d then me of; • • • COIE.Il t resent at ~he lu t m etln o... tte xecu~ive vO ltt On motiun of t dul seconded , xecutive C · in l V ... t ur rer to .. he val b r . e c}: a ed b t e ... or their i itte d.e . .e ort le e, at the .1. to co et.:.c. ... o th e t e itt cc the .t'orter t s ·+ e o po c hlctlc t r lwch . o t o r • tt v.:..l.Le , ecc ber ollege et at the 1th pru er b r. 1a., opened o es , 3, O l / 11 rd .1.,r . ltt x 0 t r o ~o rol it 1 o i 1 t t ., l ... or l i �0 i e t t .e \;O ittee a ~o l t . e..t 7 : .>0 .ed to . .t t to e to l ct one - hal.,p collectc b., i ... 0 e t i ..,0ui ... ville co n ,e a . ece er {I u . , l 25 . J.JO e xecutive ~or......itwee of e tre ueelbach o el ar...,uant to a ourn, r. ill . a o entuc meet at the opened Jith ra er b '. '-' . • • et.:. re cnte .ill , e oft b r. ewiC e p.ill , till i a.-., ive f t .er ol eoe t e ti u t e u era.ctiJn i ta en l!.C ount o C ti 0 r e . il • 11 be e." �v:l.C • , 1925 . called meeting of the Board o 1r~ t c entuc~y 1as held ut e ~eelbacn otel, • e ~ol .~bert vate , umphre • ei1r ..i . =&rles - · en c in fube the~ rd 1er ip aroou d rren , , lu nu . exunder , a:.en , , • Jee am . 11 , e , il , of r er • reucnt: u tc Irvine, v rd eld, .,,.e lbn car Let ' l,ei , .., • ..ice , r olvin , co th of office reucribed by the Charter Jf the Coll inistered to the fore oin na ed member b ar .... otar :'U.blic in an fo effer on Count t} It bein onl nine as ::.iert out b-1 ... rue ees, eac 0 t cality Jhich r. a be ave b 0 rd s oul JJ . noti dei t ... or tice I. e J C leX!l re ec e d t C illiC lit • ...r1 ., t a d • c ,;jOar not • i t n ilri ti i ut s 1f tl 11th . d v r de rou t r e C ereto f t t rd ir n i 0 r J i t (,0 l, on C t 1.;ol 1 t i a C �t 0 b .,o t b eve it ec e e 1 s, i . co i .i r - - C ittee e 0 at e ar C t 0 1.. to be.. C vOlle e C c.r eces ... ar allo ed . u e tre voll Col e ""or .,he .,J e i r , n .ail e ta or �41 D 1. to crea~uer as till o + at o fulfill c. t :>f t s u ert cit for 10 en in ~e aJ be acti~aJ:e . C. - • • cu..,..,ion o .. t ovcd t c 1:e e o ,o to five (J) ea ivc l.i . iuion oard ber, 19~·, or am s ~o ld i i.:>n ,a., iv e tr 0 0 en (17) a u' e: _, cil C ive �C: tre l ill, \.I • t e an xec tiv a prove t e l vO ct er er 14th ence~en~ exerci~ s i Jn o ion , a opte : ro . 6. ' d a.rd the oil ... of roved ed v clu i sa C o.... lo ri. e e te t" ,.J' o ... i,ec e. ' 1 e 26 vO.u.lJ .... .r .;une 1 26 l. 2. ·- I o r nnual Zune 4th Y Joe.r : 0 o .... ~ru .,~ s :00 P • ., une .>th 10 : 3 : 00 to • • J 6: t J , er . I . tl 5 : 0 8 : 00 une 1 l. uO I., • vO C. d. .... . J.... . at .... ib_ r oce ..,in .en to b. 2. or ed at ~o .... e c ~ibrar "'urch 10 : 45 • 11 :00 .;une 7th J. l . tl C od of e1 tuc • ,.J . • r et at I �143 tire cnt o ofeSuO s . On m tion the ~r eawur er 1as ilvuructed to olle Oue o~ t e i cal oard ucLi.w ion o... the I t h r • for viOn to us - hiw re ort u0 -ate , t e e modi ... ied b t ~o ittce e vpl:e c . rea u rs Ii on motion ave the s r red to execute a bon et· v . i.o sand cis l C on .ode ,a structed to e executed . e bond of t 1e 3usiness d . uoller , 0 iven t ureties uO be oved b ap roved on i m an , C.ll furnished t C is to i l; t .... i ve tre r the v a.t en e to fur i..,h oi tee , 0 uO f ... rn . vent t a t e 1,;ol ·ourned, t r ... ixin ne On motion., c Co .:.tt e vO i .... ee to be eld on .tare th , 1~26 , t 11 o'uloc , .ui rary . Be ore ad~ournment of the mittec reco ed above the fo llo1in on motion of Dr . C• • . e p~i ll, ad ecu ive Committee of t e Co .ege Meets KY COLLEGE ENWILL ERE IN SEP t lt\ I rom 1-: ho lloard of ot . r i n i . at �w 11 Le of tho s m ulu s the prcsnt ,hploma of ,. nlrc U,lleg • 2. Tho Board, for th pr cnt, p • !erred to lea o the buildin and ground of Kentucky Collc<>e !or \\'omen at non11nnl rentlll, provided th frustcc of Kentucky Colll'"e for Woml'n should refin:ince it pre cnt obligat1on to Centre C lie e and :;hould also bo rcspon 1blc for any dcfi it in aper ting exp n cs. In thi connection it should be said that the c1t1z 1, of Danville had, before the meeting of the Board in December sub cribcd 1ho um of Twc".1ty-Two Thousand Two Uunrl cd and cventy-Five Doll. rs, ( 22,:!75.00) to assi t in mectmg c.·11en of the department aurinit the fir t years of the operation. .-\ committE·c was appointed to prep. ro a plan for the orb•,rnizat,<>n of the ne" department with Instruction to h vc the Board con ·encd II soon cady to make a report. T comm1tt on is th t thi c 1t, rep rt in hand with 1me and th t the c II ge \ d 111 'eptcmhcr, 19~6. be sc n, therefor , that I" c to h ve an A grnd collc Jy (or "omen, pro •1dil!? f mg number of girls who a , from our h1 h cl ools a who <l 1r c liege C ntre ,ollcg will c ntmue what It ha nlway been, n college for mon. Ea,h in t1tutio11 will have the mo tandtng m th college l{Orld, and will share the gr at edvan •es i11\'0lved in being acer ;,ht d by the As ociation of oulhcrn Colleges nd econdary chool , \,hi!.. each will have its own separate campus, dormitorie and lecture room , with i own di tincti\'e life and college act1v1ties. It may be exp£cted that in due time plan \\ ill be et o .. foot for ecuring an adequate endowment for the ollcge for Women. It \\ill be of Inter st to mention that the financial resour es of entre ollcg1i have been appreciably increo ed within the last two or three years, that the Le t modern methods for the management of Its bu,-.ne aff irs nre now n u e and that tho large cn1-ollment of stud nts durin r ccn year~ ha ta ·cd the facilities of the college. The Alumni of Cen re and it, c,nst1tu ncy throughout the mtcd tatcs may ha,·e c\·ery a surance thnt the be t tr ditions of Centre are to be ~on er\'Cd and the highest culture. physic I, mtcllcctual, moral and spin al, of its students 1 to be th<? ideal of the Boord of Trustees. ville , e tuc.,:~ • ...orch 8th , 1 26 . • e xecuti•e and Fina ce Co ~ib ar building : r "' t: i tee o ollege met o.t the el on • . odes, u-u iseman relkeld , J . •. . Co ·1an, " . hee: an opened 1ith pro. er b. :r . .. cl el . Jn motion enr ittee a ter lunch . eie l£J. reque ted to appear befo_e the Jn motion of , . • • · rel.el oft e ~reasu er .J usi1e of ome approved~ tio cuted of • 16 , • of .. . e ., ~ren r, 1d .c . ·1e 1 <., ee · a auretie • On entre otion of ~. ee , it ·10. hat e mt p re execut ecide at t be a c n ed ,ith tat the ro.ti om- i lal bon e on be e · - · l al bond ~. o~a �5 oo i .. or '" it be used :for the i d nee of the Co i ttee the u rer i n a i ng i nvest ents i n t e future , and that onl ond ich have " 11 rating or bette r, all be for the gui purchased for the i nt of t r e ollege . and iJO of the rea ur er ma. i n inve en , 00 ou s a.re beqring rating o "A" or better of lo i Union Pacific _ • 'o pa , , outl: er ic linois Com en , rl ltiLore d .io _ . • an .) (Bi our -• · • • Com lirginian prior i en 4p bonds . rove t 1 motion , of . • Chee , he ,a instructed ittce to ell the bon s of the soc i ated uimmons rd1 re , of ut . Louis , ollc , 1d inv st i souri, earing 6~~. hich are n o 1 hcl b the proce eds in ome OL the bond entio ed above . 0 I event of the reasurer needinb to borro, oney at future, on motion, t e air no the e Co · ~ . 0des , an J . • ChceK are authorize to orro exceed 1, 000 i a gre ate , aid to execute th refor t e of Centre College of entuc ... or the ount hich provi edit is un er tood tat t e tot 1 ount of bo roted all not exc ed at an one time th r 1 , 000 . el..,on .J . _, c , a ... C,airn:.a.n , and. easurer , arc aut. rized to ui n t1 t Colle e o.....~entuc.r.. to an uch notes . JB.na er repo te to the Co ,itt pa.yment , a. on r,otion, h ... ru ee 1 t Coll n, n d the degr b~tcrian Church in the of 1 09 . e t i vommittee 0 ourn r t too r .1, it on b no i e i th r . el on otc crctar t a �1 6 e Hum e e A. J . A. A ex 4der, ~a .iJa. id cet.,, d L. ,arr en, 11 , ,il ,1ard Lu ... f .tmmet 0 1 eel , eorge. Colvin, Gibne O r Le c e Bar our, • . mate Irvine , arle Henry u . cElro, CK d ~=entuc the inute L uisville , recored . Call D. ice bert . , • .i. , , . .... . an , E. , Le • Be eel ed rneetine of the 3oard o~ rustees nela in ecember 17th, 1925 , Vere read and approved a he report of vhe Co ittee on the entucK College r , read an on .mo _on , action ·,as deferred until 2 o' cloc , reces~ for lune • • • e .w . as fter rr.met 0 1 ea.lase t e privilege of 1ithdra1ing the stu ent's petition , •hich had been previousl filed 1i _ the Board of rustees , re arding the admini tration of the olle On motion , t e req et oft e stu ent erante . a to 1ithdra1 thi petition r . A. J • • Ale:xnn er pre ented the re ignation of , . _ickr;:an Busin s nager . On mot eclin f r . J • • • ~o:e.n the resignation of On motion ~ne Boerd too r. as arter arter ,a rece s until 1:45 P. ollege fo1 j.:, en reported progre and he Committee on e tuc as ed for ai itional time . On motion , thi request ~as granted . Dr . J • • Cowan offered the follo1ing paper creatin Co itvee: a o get .esolved, that a ommitte o this Board be create d to be knorm as "Bu et Cor;:.mittee of Centre ollege ", 11 o all report to the ~ru-,tees at 1.1- eir annual meeting pre eedi 1., ....mencement a. tentative du et for the ap~roval of the Truntee • The Bu get Committee shall consist of t,o ~oard of ~rustees , to be elected by the Ba.rd . of Centre College, the ?reasurer of Centre Colle uess ana er shall be exofficio me ber of tnis er of the the President an it Busiittee . The ut of this Committee sha~l be to prepare a careful esti te of the receipt of centre oll e for the follo ting fisc 1 ear, and to recvmmenl a bu et o e:»pendit:.ires ·1 ich sl all' not exceed the estimated receipt of t .at f. c l • ar . 1 all il a cop o t e tentative Bud et to each 'ru tee nvt later than 1st o ea.ch ear . nd a ter t e Bu et ~u b en uproved b the Joa.rd , it snall bet e ut of the rre.,i ent of Centre College an the Baines ,nna r to~ ep tlthin vhe limit �e ex-pe iture o le s than ~.o the Exec tive to eep 1i in en it re J a i exce of 5. to exceed th is ve ted in the ~o xecutive o i tt ee of the Board o ru tees . t of thi snall be oft e ut orit o e On motion, t e paper as o fered by r . Co~an ~as (Later in t.i meeting t~ members o the Bu et ected b allot . On motion, the Boar decided to ta. up tion and t e intern 1 ffair of entr adopte • 0 pt ere el- oft e .icr.. otion On motion of Dr . emp.ill, the oard deci ed to go i to the ~ole, for purpo e t t aoove . he .clo rd too it report . the . n ~otion, th r sin tion o in t pu opt 11 t 0 ollo b 0 itte the ol i i traas ttee of i e o t nd th rec-> v esi ent s 0 tgo er resi nation to take cf he 1. to a lo rece JJr . t it is a e t �1 ittee as pro7ide .or at t i s oard to bet e Bu ct . ..,u B ar • is ballot re lve in the selection o. ul con ti tut e elson J • . odes as t e ~rustee in o unti: their successors ommittee, he comine ear a b the oa • • Jn ~otion, the Board a ourned . (/ ~ecretar . ar..vi le , e .. t c ar~ .. 1th , 1 26 . e xecutive o ittee of e tre olle 0 e of e tuc· met in .c Librar Buildin and ~as op ned ,ith pra er b the .e . avid u~cets, D. D. e bers present ,ere 1elson . .. Jdes , Chai an , ..,u E . ,ise en , J . • C 1an, J . A. Cr. e and av id • 1eets , es .:mt o ery • he ~reauurer pre ented t. c prJpo~ition from t e "'ociated Oil paLy to eivher sell t e stocK at 8~ per share or ca~h or to exc.an e the ar~ for tock in the A"' ociated TJde iater om an , Oil Con pan of e' Jer.,.e • a s b id iar of the ta a vO On otion , ul econde dol~ti n as adopte : an unanimousl carried, the follo,ing re - esolved , tat the Treasurer , • Cheek, be au horized and e petered to accept the proposition to exchange 68 shares of the A sociated Oil Compan' capital stock no, re i tered in the name of Ce1tr College of e tuc or • equal number "'arc Jf t.e capital toe of the Associated Tide later Compa con to Si ai J . the cor .eek a e name o ea rer , i author·zed ad empo ered the Colle e tot i tra1 fer . 1 ird, .clson D • • ode , C.air n of the ~xec tive ittec, of centre volle e , i a t orized to rnish a co of t1 i ution er se l o f t e Col.e e tote pr ope r parties in or er to carr out the fore oin action oft e ~xec tive Commi tee . J rth, that vis action o the xecutive Co ittee i on o. t e a thorit eretof re ranted b the Boar o ra tin such poier tote Executi e ittee of e tre t1cen the eetin soft e Board of ir e . res b - mot· , the C airman vf the x cutive Co ittee , rel on • de , s aut .orized to re 6 1 t e lease of the Fr e ho se on the mpus ofessor rt ur ehn for one ar, from t e e iration o tre present lease • • Cr'Joks, 1ho ad been designated b the Board i tart to the :er ident , i1.vite to it . ith On mvtion, he rav ut oriz plv, a ·tional �help o i t him in be assigne to in t e .,_ e i ent . 1 never tne ith his itiJ 1 po 1tion U ~ties oul o~i t nt to On moti n , tLe next meetin o~ tcis Co fie 12th , 1 26 , to be eld in D ville , entuc • , at the at 4 o ' clock, P. ~don motion , dul c rrie , tho acult be invite to atten the meetin of this Committee at 7 : 30 P. nne appeal of r . i e from t~e eci io o-f th oft e eadin printe in the c t lo ue above u cut co es , an as in trat it be lish Lan u e of merel En lish 1as referred the re i ent ction . r ent o rature for fi ing to tter lish t d he Comr i ttee adjourne . fl ,J c xecutive an ibrary buil 1n . re ent: vid Co ian , . J . C eti ina l&o 11 , 1926 , ere r ci • ' '.Lr J t . rec to u 1 ets , Charle lexan er an J . , • o c e 1ith r o T0V 1, C er b ur . t c .... xec tiv Uo r cor prop un oll olle inance v0mmittee 0f Ce tr J 1 1 6 ' 06 t e ,ville , April 2 , m t t h U' hill . 1 • rch g �ollowin t avin roso ution offere by r . i . - · Co an eard the reco tion 0f the action of., er t irection of r . ~se con uctin tre College , be it resol,ed that umni in re ard · tee of the B ex o va su Te Executive Co cept t e eoo e ati0n t eir appreciation o t c Profe or a.r d cla e aid ou" Jf J..iu On motio , it erwto~ ce sore b sor o d s e are sent out . he fo er ac" reside in Bree .,ear , .d Dear. st:.idents . ' Co unds . as e opted : ittee of r e i m licit of i of ~r ute ac Co ittee of cal Alw:mi tion and t ~rt ans to t er , t t t .e i ;r..e ie e tat all ite o · publicit e e to be e a1d a ~r~ved by hi before t e of .ru tee re uirin 1 ~re hmen to all i postponed for uhe co in• Co lege autLorized to anhounce the a e to the r e xecutive co ·ttee ,ere infor ed that . . ice ai rcsi 'lled .. er place , .-:>Uperinten ent of the ining hell ld entr , ::; me onth a o, and tat the same a now bein run o tuden On otion, authorit ,a iven to e_n c. u . ...00 • uO ... ill posi tion in c0operation , · th the local mewber~ o the Executive uomrittee . di cus ion , i nformall , b the neces 1t of action b the full rloar e t:.ic co lee for omen , ad tte con i eratio. of ot er • e ti 1 ) i portance , on motion , una imousl adopte , • J • • lexande r , re 1 ent oft e Board of mrustees , ~a reque~ted to call a r eeti o.: the full :Soard. to be hel in anville , 1ituc , in t e i brar bui.1. ing , on ri a. , 7th , at 11 o ' loc . • . • . . t con ider questions or busihes~ hich m come befurc the fu 1 Boa r • the onl bil: fi~e excee ing • he Bu ine s ana~er re~_ 75 . 00 to be a bill of . ~ for th up eep oft e esi ent ' s ouse . motion , this 1as irected to be aid b the B in ana e Co i tee al ourn {vil e a e 30a o ... Lr ~tee o i ent of the 3oar er b .ev . avid L. tl n · C ntre l;ol ... e e cl ets , . J. . . 0 e er ·e tuc. r , ar ill a fiel . , lro , A. Alexan ill , B in: . Buh , • rlarbour, ULarl . el t c. 6th , 1 26 . et 0. C 1 o. th ·1as oper.e Ii th E e ts , O' re l , . Bee ... . A. I �nc inutes o the entu.cky , o ..arc .cld in LJu1 vill rove for r cord . .e tin o t th , ere rea ee , ec r eta of the in his po ewsion r ten res pro ise to t e 0ar at t. on re ue t of the ~Jard t es or infor a~ion o the Jonr rel of r . o t o~e r • r. elf into a of th con ed t e ti ... e ve c o con On motion , t e Board too r cu t r 1 ch t c Jour pre i in . rec nve r • r. r. p p C za emp ·11 ea ittee oft on •i ti f t c B0 rd is lctt r t • C d o rv or lunch , I' t r, t t .,idcnt, t abl t er , it tee , t ' t C. n tate to the Boar that ~r . • p,ill , t t ~e bers o the ~o rd , a ritten to ~r . 0 .to. r e in the or in of i resi nation . • C or r h in informal .i isc s lunch . 151 th n l • tion , b- �i t t C leawt Jne - h ta d·tional to be id t of 1.,cntre in the nt t e b e entered ion abJ vhi c~a e vion ia.., ca.le rJ..,tees of Centre Colle e 1a er t0f0 e ecided to ment mf Ce tre ~olle e for JO en . On otion , of r . uffie d , d 1 ecv ded and unanimou~l ado te. t .e 1as ta en : action tands by it action to eote ber , 1 6 , es the enartment of any po~sible deficit in e Bua d of Tru ... tE.e of Colle c for Jpen er.tuc for omen of Centre Colle operatLm of t e a e . :.i: Jn motion , autLJrit ras iven to Jr . c. u . plo additiJ al e ber of the ~acult fo t t.J be opened in ueptember , 1926 , un er t . i ee . t emDepart ent the Board . vn otion , the tuition a fee int e lo an • ~ Depart ent are ·ixed at 1 0 . 00, bein tLc ame amo t as c arged in ve1tre olle e . otion te a ot e.r ment . 0 p C. roo~ va aat orized to pre are a. ave a ..,ible for distribution a bu letin, catalo e ativn concer.ing t e oper.in of th ,oman ' s uepa_t - ean Crooks ,a present and osAe instructions rom t e Boar a to I at nome he hJ ld u e in reparin t.e catalo".Ue and bulletins .erein above aut.orized . On motion . he ~es aut orize vO u e the ame "Ce tre College of e1 tuc II and · ::.me lately der the a e "De rt~~nt ~or o en" . Jn mJtion , in ra1i J.le e propert Tne per he as:J (.l..,on es . rn.s aut or· zed fort tl e agreement t (;. ~ollege .or .omen for for the ,oman ' s Depart ent a ev u. • .J _ oard ad vurned . jJ ·ille, Kentuc 7th , 1 26 • • . e xecutive Committee of Ce tre ollege mt in the ~ibrar ing, after t e eetin of tho Joard o .rust e • resent: A • ., . Alexa er, C. • . A. Chee • o e and ., e n rvo C ee , r o . Br t t tee e phill , G ise build n , 1el on e a letter ro eo g ~oplin , at r , ..,tat in that i o d . . • . umith ulin , three f inri im b tlc x cutiv ittee a e line to of Ce vre Colle e in the eve1 t of their el ction A 1i p �n 3 . 0 Jo in , b o .... th£. c... a s of • d 05 , ere approve Joplin . the a e to i • the i z ed to ee , a . •e Co cvcren rcr , of r , 11as t or - ittee ad ourned • (I Danville , nt c 14th , 1926 . !he ecutive Co itt e ibrary bulling nnd 1a f Centre Colleg of opene ith pra er b n, le hee • of the xecutive ommittee meetin ere read n approved . On motion, th Treas rer ,u uthorize Athletic Boar of Control o Ccntr Co i. to loans of 500 . 00 each on not~ o C .trol 1ithout other ecurity . I of :.,00 . 00 oul b e before !bt date . 0 On motion , the b 11 o 24 . 8 7 to the i iv vOmmitt C of 75 . 00 pr nted On otion , run th dinin o rt b r. invoice of chin n 2 t d r b n er , h ld on rle pril 2 r ec to lo n to the 000 . 00 e i o o o r �5 ~ean ro pr te or eppro·nl n pi e bu. etin n1 o c in t e ope in ft oman 1 s epa tent of entre olle e authorized b la eetin~ o the Boar of _ru tee . On motion , t · bulletin ,as approved nnd autho~it given to uean roo~s to order a sufficient number for di tributio to the public . Otter plans of publicit forte ,o n' epartment ere ad ean Crooks was aut orize to proceed ith the plans lso to go to labama. and .ortl arolina forte purpose of intervie ing certain omen. ith the vie7 of their e plo ent int e ne, ornan ' s ~epartuent of Centre Colle e . (! • e Committee ad ourned . anville , entuc • . June 4 h , 19 .... 6 . The Board of ~ru tee of Centre ollege of entuc m Buildin and a opened Iit pra·er b the :ev . avi · •• the ;;:, 1 ets , bl r"'" follows : E . L. -r n , ill nr __ eld , embers present .:> • • c e , Gi . . .Letcher, eets , on avid lexanaer, E et 0 1 .,:eel , - . . . c. c Co an , lro , y C. , A. Charles . Hemphill , l • .1., . _ r _keld , George Co~vin , Ben·a in • ush, Gu . iise an, er ... . Cald~rell , Philip • ~arbour , Charles ,.;; . ates and • Cheek . The .intue of the meetin of the oar h lj a 6th 1ere read and approved a correcte, al o the inute o the eeti1g oft e Executive Co ittee to this ate . ~ne fourth annual report of e ident _ • . me l pt a t e follo1ing reco .en ations 1er omer n rec-eive u ene lilbur Cook , r ., las of 1 2 , va electe en A istant in the epwrtment of Biology to fill tle vacanc cau e b the resi Tiation of Profes~or dgar .en 1 e . 1h salar as ixe at 2 , 000 . 00 per annum, beginning 11th eptember 1 t , 1926, pa able monthl as other alarie . ier, at .is 01n reque t a. in ac.cordurce nith a r~ement Dr . Henr ade betueen him an he Bo retired un er t.e rule of the 1921 . In accor nee ith the Care ie oun tion exi uin letter o Dr . eier to Dr . ate bruar· 25th , 1 26 , he ount oft le retirin fi ·e hiw a3 1 , 467 . 00 to th reayurer an per a um . On motion , t.i the ·xecutive Co itt e to a 'lxed Dr . eler . lexa der a3 re uc te r. . to Jr . cnr eier in connection tith Ce tre Colle e . e ident ont om r I to 1rite a letter of ap.reciation his ~cv 6in hi active uti liu r port calle ntt ntion to the re u t from �no Pro~e ~or rt ur - · ehn for leave o b ence the er l 27 - 28 or gra uate stu • On motion, this request re erred to the xe cutibe o ittee , tith in truction ., o.t t e a e invest.:. ation und reco enlation concernin 0 tni reque~t at a f~ture eetin of the Board of rustces . On recommendation o the acult nd also of esi ent egree o Bachelor of rt 1as couferre upon t e ollo the gra atin 0 clas : John u le John a d hn 0 Cori ph ene _ ert r ter Dermis e liS er te lor r aµt, Jr . 1 , ~r . ell ield Cochran th e ors ran a ,ill Jae sl Glore a ett u phen Hunter Ha ward ell nk Henry C rl . Hil rnr arr her older, ich Hopper e Char ob r c Po el Alexa Ont er c the Do le ch, ~oui ville , QC C r. er air t in, complct th ror ith uc er Turner n ood d Young urphy lilli ab to entlrol ion , · s s plo c b fo o liver the o cor s of th l mele barth .1Ci ore 927, i tin en tioI o re o of uoctor o~ stor o th o. c took r c • , i.) t r u th, h. l h r. �obert on C eek Cairo the glis .Bible" . otion, uly secon ed an carried , everal amount o ated b v ri0u pa.rt or t e ~amuel • C.ee ~air. ere added tot· e en, nt o 0 . 00 alread ovn onto ~ed er o the .reasurer of the Colle d the .rea~urer ,a i .. stru..cted t tra fer t e e var.ou run0u o t e .und to i ic t e illion olla E do ment collections ha been ere ited tote fun ereto 0re 10 non the Treasurer ' ~ ledger as a fund for the ent of the Chair of t.e nglish Bible . And the Treasurer as furt1or in tructed to credit to this sa e en dow ent fund of the amuel obertson Chee Chair the u ount ~hich a bee contributed , but not yet pai , b an of the partie sub scribing to the illion olla fund ad de ignating tl.e same to the yamuel obertson Cheek hair , d especiall the contributio from isses ugenia an arah L . Young , •r . ar B. ,.,ho a , ich a .Junts are pa able a ter t e eath oft e e at nae parti ~. t e catalogue to gli h Bi le" On motion it a urt er directe tat of Centre College in the uture , the be describe a "The Samuel ... obortson in entre College . 1i h Bible i ere i gnat o .. of everend ~amuel alle , ~ . u ., a a ~ru e tre College in t e clas e iring 1 28 , rn.;;; recei '\"e ar. i ation accepted 1ith regret on the part o t e e her of oard . Te reason tated i_ ~i re i ation vast at he be ond the bound of the yno • e- The Bvard tooK recess for ton minutes in order that t e nomi ting Committees a report then es of ru toes forte Clas expiring in 1926 , and also to fill the vacanc in tte cla e iring 1928 caused b t e resi ation of a el Callen , ai::e of succeed ~ear'"' , e- c vene and Comr.ittee .. umber 1 re o. d Tho Bv • arren , ,ill ,nrd Duffield end el o • •o d l rd in the cla s e irin0 1 26 , forte r o theme expirin 1~30 . lso the nwne of , sele ted b the Alumni a a c essor to e •1i hose ter e pired in 1 26. d al o the name oft e everend • ~arleton el rim, . . a tor oft e ir t esb terian C urch of Frankfort , 'entuc , to fill the vacanc in the cla s expiring 1928 , caused b the resi ation of Samuel Callen, D. D. On motion , the ecretar of the Board ,a in~truct to cast the ballot for each one of the partie nominated to the Bo r b· co·mittee lumber 1 . The ecretar r ported that the vote a tat the number of Tru s tees pr ent a Lore th embers of the oard . Osca nominated .evcren a•id umber etc er or ru tees to sue e expiring l "O . On motion , the ecretar o the oard 1 eet ~w i ~tructe 1 e~ to • D., an or a te~m at h I �7 ba. lot or ea.ct of the p rtie nominated t0 the B0a.rd b . . umber 2. The ec r etary reported t t the vote that th num er of 1ru tee pre ent l s more th the Boo.rd . On motion , the ecretery of the BJa.rd for1a.r the na ies of E ~ard L. a.rren, and uclson • ode to the od of tin as ~ru tees elected by u is BJard _ expirin 7 1930, and the nae f J . Carleton ~ru tee hose term till expire in 1928. t i tructe to sen t c na. of ver nd D vi • Gibney Oscar L tcher to u!C iJ nod o~ k( tuc a ru tee electe or f r 1 30 . _he u et o presente the on motion, rn ittee , cons1 ti ollo tin bud et ad pted: vC tructed to Duffield e r , a ... a iJ I iJ . rth r ct , • . and f0r con~ir a.tion ill e ire in of luon u. o es and ~or Cc tre Col~e e or 1 26 - ~7, U for of T tre Colle c for 1 26 - 27 s rom en 01 .et r u t ition , ror room rent , Procee rom s l iv sted -un 60 , 000 . 00 1 , 00 . 00 2 , 60 . c.5 , 000 . 00 oft xtboo Tot 1 xti t r cei t ini tr tion: ( ) (b) ( C) n er or o.nd i t al den tr r u l C n · n cot ot l 6 , 000 . 0 , 000 . 00 , 000 . 00 l , 000 . 00 n truction 1: 11 1 r o tt b t O t 1 V t l 1 ' .oo . 00 , 700 . 00 , 00 . 00 ,8 �0Wlt b 0 obert • Bear ard uchs Jo eph Cede co E. ilbur ~oo , Jr . 1ard Flaig, Liorarian A 8i tant in =athemntic utu ent A istant in _omance .otal in truct De rtme tal an ht fo r, 1ard 2 , 500 . 00 2 , 600 . 00 2 , 000 . 00 2 , 000 . 00 1 , 40 . 00 25 . 00 25 . 00 a e 1 llo aces: C emi Ph i Biolo Debate ances for 11 ep tent nt and a azincs for ibrar 0 b 750 . 0 750 . 0 1,0 J . 0 3 0.u a.., vV 30 0 570 . uu ~otal departmental allo.ences etirin 11 ance : Dr . Henr Operation and eier 1 , 50 . 00 a intenance : 1. .'ages 2 • • epairs 3 . ate r 4 . uel 5. 6. 7. 8. 9. 10 . 11 . , 750 . 00 , 500 . 00 2 , 500 . 00 420 . 00 i pro e ent 2 , 0u1.., . as and electricit •reight and express Telephone an telegraph ermanent trot as essment General upplie Po~tage and box rent In ranee , fire 1 , 2 , tornado O. uO 1 r. . 00 2 3uO . uO 2 . 23 700 . 00 400 . 00 1 , 750 . 11 otal 14 , iscelloneous expenses : 3. expense , ent o (c ) Bu ine s Commencement ui ties 4. Public it 1. a. Travellin 500 400 ( a ) Pre i l b) Boord (a) A rt i n C ,r1 ... t ian Ccllto 2 1 tt ( life in.) ne - holf erve r ,u.,,uur1t ,,,180 100 carri d fo ar 9,:, .uo 4 l, • IQ 2 2 • v �nn 1sn mount orJu ht for rd (b) atalo e and envelopes (c ) e~to vubscriptions (d ) Col~ege nnual , u si (e) 5 . 00 500 . 00 750 . 00 350 . 00 Bulletin Total 3 , 805 . 00 th etic fees from tu ents , 230 student at 6 . 00 paid to ttletic Board :.i.extbook , ( he Colle re by each ar book that re sold to ... tu ents, thee boo~s e ti tc to cost,) 01 mot r 1 n moier iqu~dation in part of athletic debt 1 , 380 . 00 4 , 000 . 00 :,oo .oo 2 , 000 . 00 7, 680 . 00 T.:>t 1 ~otal estimate .otal eat· te ~otal te e ti ment iubur r ceipt 6 , 62 . 4 98 , 08 . 25 i bur em nts B lance n ... to nt T u in ollo n ui 87, 0 • C th Pr i d �•• e fo 101mg action concer in a o ted: the emplo ent o stenographer 1a ices of a al r· teno rapher exclu ivel na er be dispen Yith , butt at d ring or the B · ess ......~.~.,er ffi be emplo ed b tt e , .c ng 1ithin the bud et for all no raphi 1or . ove that t for the B si r sh sea on t e ~xecuti ..,ecretarila rt J the Lrea urer end the B sines ~a a er ere received , ion , t e e are tJ be au ited b certi ie ace unt nts , it tee aut1 orized to emplo umphre~ , •. o in on · e rovi ed int eir e ti tiJn tLe c.arge· for their 1ork the x~cutive committee to be r asonable . It i under t.e event that umphrey , .obinson and ompu are not the xecutive ~ommittee ill ma e contract lith ome certi tant • anager ~ere r f rred 11 reco at:ons in t.e report f the Bu ines exception of the to the \.iO ittee on Buil ings and r un ... , 1ith t recommen ation concer.ing the Athletic equipment , ~hich a r f rred vO the t ~etic Board of Control . On motion, dul ';., iver it Jf Ce. re secon ed , arle ~rahar croo·s, ra ate of ce tral ., of 188 , 10. ani ou l ele ted 1i.ctin ::-e i c t e, ef1ective June 8th, 19 6 . clson b • • odes, heretofore appointed a Comrr.ittee to rep .L a contract concerning the operation o the a Ce tre vOlLege int e buil in a on the u o r t Colee or ,omen. pre e ted a o lease an l e on motion, unanimousl· a opte , r . A. J . tl.e d nt o. tho Joard o 4rustees, authorized to -,i lea e is as follo s : lea. e nt of UC.I{ ich is contract a.d lca-e a bet men at~0n ~rcated wi r t e a ·pal J ce at ~anville, c c.. , art o. l noration u eL r ipal office at ua1 desi d a Ce tre , Ztme 10th, 1926 , b CJ pr e ~.at ntuc creb lea et to be in on ~uno 10 , 1 to expire certain parcel of rea e bu · in ~a ville , Bo l Co on t and bound on the en tre Tunis La o ~ou n A b pr er • A. t rn. nv to nt ii r, te ober 15 , 1 880 , o , e d b deed of ent rm n situ ted orth rop rt . d boo 1d lif �te 262 . o a ,o l O pert epar I o~ rccJr in ee book l be u ed b c.tr onl of e tre . re t or thi propert e on iJeptewber 26 ar. on t .e fir t of ear dur1 t e exi tence 0f t Centre 1 o agree to Keep t c buildin. fire and tor ado int e totals of exi tc ce of thi., lea e • o . 4, fort age o ration to t _______ du •er iu a aorta e ebt of 50 , 000 . 00 on t a entuc~ grcc top the aLil 1 inter st on thi the exi tence of tnis lease . r. Conklin of e Yor an nnnuit fro ent ck for 2, 500 . 00 n t is annuit ngr es to durin 0 this le se . t the 10 l reduce . Centre assum ebt t t of Ja Vil 4 , 000 . 00 cntre in ood rep 1r, to bui~din during t premi c to uc con ition a d, ordinar n e C C ' s t t 6. imi old t l V r- n l nu ri on n nti T vento 10, l t to leas furniture t C ntr for ere l (not st o a 0 t It :_., 0 . 00 t te t t t .l. �162 i lea c i exec t in d uplica.te . o lee an B ( • "• or • ...ienl) C ntre College of B tre (c • c ident ent c . J . . • .. CEiande r resident eal) ecretar • e ue tion of ta i ng over the .iabi4itic o e tuc~y _,olle tin of elson D. odes in 0f e ir tee at itte l cr0t0 0re ion Dr . .:.s 1nirr.::an , i r 1 ..J . e te ... 2 e t h h aid as n a r O' eal , ate . e s ar.d a rre to 0 are t t .e tre resi ation ub it er le1 ' er on or a 0 ,., rcsi ation in an ,., i as ollo I : e 4 r . a r. p t i11 of but afte:z,ie re r ate 0 ril 7th , iJll "April 7, 1926 • .Lr . ~. • lex.an er , re ident of the B nrd of Centre Co.le e , upring tation , dear r..a. ori t BJerd t 0 dent i · th J u tees o r . Ale:xnnder : b r.. conve C oard of ... r tee h 26 , t nt i le e' Ul be .. er Colle • I acquie resi ution , t olle car , une Vin e t C itt e t to ed to ::nn o er . o ollo 1 g P-'lnte b ion 0f .ur . tate at ' e · pro fo d e e 0 n t I �D 3 tee 1oul e recolllwen the fo lo~in re one : In this ore formal acceptance of ont orer 1 s resi nation t e ~Jard is rat:fied to no at du in t e fo ear of h"s ad inistration ricul een read ed , t,o profes or , to c f one ructor added tJ t c teac a t. e sors i crea d, a bus in a tr.c Colle e accred:te by tLe C d uC ools 11 e uouth e s Jciation of we e i e io tnc ca ai ;n f r:t ix ollars , uevera ears before , ha been o a e 1 clo e tn illion ~ollar C pa che csb terian Ket c snortl be is t o nich centre ' s otment ,a 00 , 000 ha been eucce ull co clued . Te boar esires to recognize nd toe appreciation o the i~portant rt r . 01t o a int. dd~tions to the instr cti n , dmini tion the Co~le ea d of the perm nent wervice in tituti n . d d hes ' 1.c Bo r ext en to Lr . o::it v or his ha pine o aid uue uln Ow int e p ctful c. mp 1.11 , ir n. •• ub i he Coimnittee to h m tho nnual r r f rr su itte the ol l 1in . J • ..•• • I I ti. . •: ' I & J • • •••• . • • • • • • • .,, • ..• • •• • • • • • • • • • J • r I : • •• • I •• J & • ' • • I . .. • phi 1 , • • • • • J • • • • J II c. •• •• • l nt e i • ••• •• • : • •• : • • I II & I J, J : • ' • I II I • port of on the re ort: .1.:h Commi tte the f llo rir. ••• ' •• • ••• a, •• • • • • • • l •r - • & I �16 u airman of the Executive Committ e , t,o ear from this ate . hoe te r m of offices all be f or lexan- election resulted in t.e unanimo er, a esi et of the ~oard of Tr e ident of the Board of tee ; rea~ rer of the ~o rd of ees ; e xec tive Committee e.nd it Cai vf t e B0ard osen aid c re ~o ittee: rel eld , arle J . A. C ee , Gu ,i e an , nd i . Lee Co an . Jn motion , dul carrie , the Board of hri tia -U cation o tne re b~terian hurch , U. as as ed to contribute to th e rrent expen es of e tre Colle c f r t e comin Col.ege ear , 1926 - 27, i. t e sum of , 000 . 00 , und Co i ttee 01 c oo l an oll v the ~ynod Jf entucey , u. as as ed for tre sum of 2, 0 • for the ear 1 26 - 27 for c __ e h , th airman of the c,m: ittee to nominate a e .,a in J . re ident for re Col , bein nt . 1a te b t e ·v r atio ·er Ju t the Joard t i i~tee t e b t of ttee being pl able a recom:.en ation fo r nt of e int e near r. hlv i ees in a ~Jr rloard , r.1s lan • oard ad ·ourn e .e a nt to I �16 nvil e, entuc y. une 22nd, 1926. he Executive Committee of Centre College met at the an ta opene vith prayer by r. Alexander . ibrar Building resent: el son odes, Chairman, A. J. A• .Alexander, l . L. ... hrel eld, uy • lisema.n, J . A . Cheek, av id • .::i lt...et , J . • Cv ,an, rr.e bers of the Committee, an everen enja in J . ush, member of the Boar o "'ru tees . On motion, it ,.,as ordered that the expenses of r. B. J . Bush a Chair uan o the Committee of the Board of Trustee to recommeni a Presi nt for Centre Co lle ge , be paid b the Busin ss ,anager to thi date, and tnat int e future bill for expenses fort is Committee ren ere b it Chair ~n be paid upon presentat·on. On motion, it ,as ordered that the salary of i~s arion ewton, a stenographer, be paid to July 1st, an her reign tion a accepte ta e effect that date . to Un motion, 1is nan Vood was employed as a stenographer for one ear at a salary of 75 . 00 a onth, with the understan in th t e is entitled to t10 1eek vacation vithout eduction from er salar. In the absence of sines w.anager , • Hie of the Committee, heek, 1a aut orized to nager' name tJ chec r bil s against th Coll as to be as follovs: "•. ickrnan Carter, Bu ines heek , ecretary." rt t On motion, tte Co ittee on Buil ing ani rJunds employ competent h lp to assist thi Committee in bull inge an attention to th growi during th nee um ger from town. The meeting a xecutive itt 0 Centr oll g n, .. u n t ith pra s to to Bui- v C ecutlv r r t . H r, ll rt ' p 111, 0 0 r b 22n . nt in atur ibr r n The Dr . Cr.:,o h authorize a ing r pair ence of th m t 11 t l A. ctin ul.,o r. the m er tar ourned. Pre T th us i n t xp rd prob bl 26 . 0 t C itt 0 0 V b r 0 �ofe or On motion , the Business ager a authorize to pa e t f Ge~tre Croo s as salar for hi services as Acting Pre College at the rate of 1,000 . 00 additional to his pr e ent salar y . This additional salar to be in Jul 1st , 1 926 , a.d to be paid L onth1 . c. . motion the Committee ad·ourne • ..iec r eta r . anville , Ke tuc epte be r 13th , 1926 e xecutive Committee o e tre Col ege ffiet in the Librar. buildi in inf or al meet in a an actual quorum o the Co~i ttee .va ot pr eent . ~he meeti g a opened vith praye r b el on . • o es . Present: ... el son •• o es, C .air an , Gu ti e an , J . ·'"' · 1..0 ·1an, ., • A. e ee , a r . George ~c obert , one or ~ne Trust e;;; 1 Centre Gollege . On motion , t e u;;;iness ,anager na • C ee.a:. , Treasur er, 1 , 000 . 00 out of c rrent i me to be ere ite on one o_ t e ote oft e et ar Ld el o to pa ove r to the thletic Board of ol t 5G • 0 to be deducted from the At letic Fees collecte from the ents of Centre College . Tis a ount to be placed on tl e boos 01 t.e aruers ational Jank to the credit of the t' letic B0ard of ontrol . A ter discu sin infor all the uties o t e B si •. anage r a 0utlined in a paper presen ed to the xecutive Comuittee , on motion , the Co ittee ad·o ned to meet on ~on a. , ~eptember 25th , 1926 , at 7: O • to confer with tl e Bu inc s ~anager in regard to hi duties . • vi le , entuc.ie October 11th , 1 6 . Te ~xec tive <.;omrnittee of a ra opene 1it pa er Col eg met in the Libra y Building et.pl ill. nairman , A • .i . A. Ale an er , h e 11 , E. lf;;; .a • J . re ent: el on eets , Carles Cowan • • he inute 0 the ee i ~s of the th an 1th vere read an approv r recor • Th e b paid 0 f p 0 e t so e m er tan fessor to Te a -,h or Al.1. n on motion , t acti i' 1 or thi e . . ...i 1 er in tau ter t i (.;O stit ittee of avid and epte be r to op i ittee ini e or r Pro 0 the ommi ttee , e t} 0 �on 6 ,as requeste to explain t e reason t.is tter to rofessor Allen . or the action of tLc vommittee in r . C• • Crooks, Actin re ident, ms.de report of ol ege and of the ,lornan'"' epartment of Centre ollege, 7 ic t e recomn;enuation ttat t .e employment of tbe followin person lo ' Department be confirmed an t .at the salaries na,"c in each case be paid monthly in like manner a t e salaries are paid in e1t e College, it being understood that thee payments are to be made out of the separate funds available for the pa ment of salaries an expenses oft e 1oman' epartment . Name i s ..,r is .1i . alary l'ancy L. 'oorefield, Lean an ofes or of um therra tics us~ :oel, roe sor of istory alice ecor , ssociate ro es or of nglish an Latin Jes ie Keep, Director o Phy i al uca ti on oorn rent and board, amounti of the alar check . o es or y ne to 0 . 00 to be Dalter, Dir ctor of Mrs. Laura .. ue, •atron and usic ou ekeeper month an board. 2, 700 . 00 2,500 . 00 2 , 00.00 1,800 . 00 edu ted monthl out 2 , 500 . 00 7 ttention of the Committee ,a ca:1 to th fact tat b this ear di not include an appropri tion for i ..,tu ent known at "T e entre Colonel", ut th c entitle1 to itv share of a e o . 00 no b for t is ear . On motion, • t ent enrol aut orize the ent to be de uri p of "T e t e Colonel" to t en propor s collected rorn th t n i the budget a.ppr ved by d of to b poi o t of Coll for o o .00 p r o h n 1 p h or- CroolCS, On mot ion, i ed to si o. pap r re t e remov 1 of lcohol fre of th Coll g • nt C t' b r o.n lo ho r 0 moti n, t i 0 lo, il p p r b r. tr pu - th 01 t �n egard to ollege publication it io t e ·ud ent of the xecutive Committee that Centre Co l e ge and c ollege fo r omen sho d have distinct pu icatio otion t e lease of the qua r ters in 01 e tre tote Pi eta rater it ·,a approve , .ii th aut ori t to the Chairman of t e Executive Committee to si the lease , and in tructions to the Bui ne age r n ot to collect a brea age fee from this Fraterni as i required at present from the occupants of Bree i nri ge Hall . O T eta un motion r . Crooks as aut orized to loan apparatus from he ~entre olle e ymnasium not being sed at pre ent tote G ~i of the oman' s epartment, vi th the un er ta i _ t at t e sa1.,e Juld be returned then ee e in the Centre ollege Gymnasium . On motion 1 50 . 00 ·,as authorize to be expen e b the ro e" or in charge o hemi tr and Bio log in the ,loman' epa t ent , ,; e same to be charge against the operating of the oman's De rtment . Bills for this apparatus to be authorized, approved a a. paid in t!.e a e ma er a bills created b the Department of Ce1tre College, out the cost in each case to be charged again t the operating of the ,loman' epartment . On motion , authorit was gi ·e tote Acting re ident toe e d 4 . 0 onth for tfte first en:ester or the advertisin rogrru::.r-e to be o du ted un er Profes or i e of the epartment of etoric and t, ic ..:ipea ing . onstr ct d On motion the building Committee vas authorized to repair a new co crete 1al.te in front of the Librar buil ing . On motion the Comrnitt~e ad'our ed to meet on the seco d lon a ovember , at 11: 0 of efore the ommittee ad·ourned the u ine aAager pre e ted all bill in exce s of 75 . 0, 1hich 1ere or ered pai • ' Secretar . anville , iove b r rhe xecutive Con.. ittee of Centre Colle e of Librar b ldin . resent: C ek . el on .u . o e , Chair ~n , avid Alexa e r , harles A. mphill , Gu, inutes o t e previous meeting o and ap rove or record • entucK entuc· th , 1926 . met in the 1eets, " : ice o.. an , ,i an and ;; • A. . the Executive co ittee • ~el on .u • • o es reporte t.at 1 e ad interviewed r . ~ . about the clai so hornton erhune for in tructing t. of Professor Ale for a short time at the openin o e o re pon e . t at he ad noti ied r . lleu a d h d ha ere ead en s ion , a �169 On motion the Bil ings and rounds ommittee 1ere reque ted to install electric li~ht in the toilet on tr.e first floor of the Library . he Bu~i es ~a ger presented the bill of c . o th ood or repairs, ein5 over 75.00. The ame as approve or payment. i es ~anager vas authorized t epa.rtment at 20 . 00 per an um . rent piano not n eded ~he u i e .anager reported the col ections rom ub criers living i ~anville to the fund or current expen ... e of the o n' ep tment to be quite good, a d on otion, ms requested to send a di tio al otices tote eliquent requestin- prompt pa ent of t eir u ... cription . On motion, r . • G. r.:>o.ts, ctin re ident, as a.u orL.e to att nd the eeti oft e sociation of Colleges and econda ~chools in he o thern tates to be held November 0th to Decemb r 3rd, 1926, at issi sippi. On motion, r . C. roo~s 1as comm n e for hi killful a tact displa ed in the collection of the tuition inc Ltr from tudents for the last seme ter . On motion, ul carried, the resid nt of the Bo r , r. . lexander, ia reque tc to call a meeting of t. Board of 1 at . . he L meet in Danville ave ber 22nd, 1920, at 7:45 P. e t bu"l ing of entre o lege, to hear the r port o t allege to th oar of nomi tea Ere ident of Centr such other b ~in a as a come before the ~oar. On motion a Co ittee con appointed to submit a ing the vie1 o tne r r eulen, of ou .a lumni o tre Trust ref rre in t t ,7a ice elso1 our e tom 11:00 A. t 1 tn brr nv· 1 ov I . te ar to to r ing of Dav aper to tl.e oar concern ville, u llege a e t publi letter of ppr ci t on t bo rdin c rtr itt th, e itten to Coll b 11 11 on �70 a The meet • e de . 1.,arleton Pel r· o ert ':' . a • C .ee • , /i 1 ,ard bne ca ' , eal , .. . min u . j , Fnillip . ., as opened with pra er b r. ie tc Geor , e an , c.obert es • • eckham , 1.,.. ar es elgrim . -ilton . • .JUr.a, u otar Public in a1 f r the Co t of Bo e, tate o~ _ t c , as pre ent and ad .ini tere t e oatn o office to the folll)"ting 1tembers v o vere elected at the 192 , .... eetin..., of the Boar for a term of four • ears: l'amel ·,ard L. arre ., ill ard D ffield, eorge cRoberts, Davi ,eets, :elso u . odes , Gibney O car Letc er, and~ - C. ]?el rim, elected i place of . everend amuel Callen and hose office expired in 1928 . The .Unute of t e Boar o · mru tees e d ~une th , 1926, a d o the meetinas of t.e xecutive Committee vere read ad app ove a recorded . On motion the Board de01~e to atten the Chapel exercises of Ce tre College at 9 o' cloc a • •. • , muesday , :ovember 23r • e report of the Committee to nominate a suitab e re i ent for Centre College reporte the name of everend arr Claton ogers, • D., Gra te of Ce tre College in the Clas of 1899, and at nresent pastor of the Lim1ood Presb terian C~ur h , Kansas Cit·, .is our i. On motion r . oge rs a une.nimou 1 elected ]?resident o C"'ntre 1.,ollege , and the e ide t of the Board 7 s authorize to notif him of nis election b Vire ithout elay . Governor • C. I . Bec.tcham ,as authorize to ann unce thi election to t e tudents of Centre ollege at the Capel exercise the nex morning an onorable enr cE ro to ma:e the announcement a ,oman's uepartment at 10 0•~1oc the next orning at t e c.ap 1 exerci es of that epartment . o th oar va appointed to noti r. Committee of ix me o er in person . o 1L.. ru tees ve e na e v it tee: J . A. ee , c airman, .i . t- . ec •· am, J . • Cov~n . C e phill , enr ~1 o a.. obert T. Cald.1ell, ar. · tion thereto r . c. G. Croo , repre enti t e cult . Ou n thi Co ittee wa authorized to a to their n er ~no er nting Alumni ssociations in enica o, :e.v Yor , Lo isville an ille , and individual Alumni as ma be eelec ted b ommittee . Dr . A. J • • • 1 • nder pre ented the ritten resi nation of the onorable Geor olvin as a :i:rustee, vhich ,as, on motion accepte •1ith regret. [Later in the same eti this action vas rescinded) Jn motion of .. . C. :. Bee.kb m the follo tin paper ,a . . "In t e op1 ion of the oard of Tru tees, histor , its rep tation pre tige a a institution, is de tined for even greater In era o er ble be ppe al an opte : ' ntr olle e vi th its ri tian e ucational ~ro , n achi vem nt . ere ucation , it shoul meet t e i ee r tl at �L. D ome t i ti tut ion . It i v •a e • In lle it t.e b st an most o~ ege ites er ica, .o e at osp ere, hose enviromne1 t , social and give to the institution an advantage an inspiration d aid it int e development of a much oroader field of es and ervice . in B tits present plant equipment is inadequate or further 01th . Its buil ings are not sufficient ins. ce; and they are unsuited and unworthy in architecture an arrangerr.ent for such an i ti tut ion as Centre ollege, ti th its plendid record of service to the country in the ast and ith its bright pro pect of a far eater service in t e coming year . Te College shoul have an establi hment that ·ould ell acco odate and train from five hun re to a thousand tudents . uch a plan, of course, involves som tie, much mone ijnd considerable tudy . ut the Board of ru tee be ieve tnat such a.I u dertal:in is •1i thin the reac of C ristian philanthrop or so iorth a cause, an therefore resolves: nr:i e.t the C airman of the Board of rustees slell appoint a. Committee of five, of hich e shall be chair n, from them mb rsh p of this Boa.rd, except that in his di retion, hem appoint t10 members of the Cor ittee who a.re not member of the Bard, an it shall be the duty of the Co ittee to inv tiga e the hole plan for new builiings, to consult architect and b 1 ers to ascertain t e approxi te cost, and to propose a method for rai in th necessary funds for the purpos . Te Committees all s soon it can rea onably formulate a plan report bac to this oar • " The Boar o'cloc, too. rece to met in th • the next ay . t 9 Capel of C ntre The Boar raet in tl hapcl of Ce.tre Coll ge on Novem er 2 rd, an a authorize , Governor J . C. • Beckham a e announ r, en o tl e ection o r . o r to the tu nt boy . t 10 o ' cloc ibrar buil ing. . the same 0. th Boar r . Charl r . Charl s .. . Herr 111 0.11 t eir pl ces as m nber o:f th Board , 1, r cor e1 as being pr~ nt t ni irmative for Dr . ogers . r. p en t an tic Boar th 1or a.cult ion at um np r h t in V 0 0 C h .' in Oc t 0 r 0 ta n too r 11 h r C Ult i 1. 1: 0 r t urpo 0 �• he Boar re me e .. i on at 1 : 0 :e • On motion , uly seconded car ied, authorit ittee heretofor appointed to noti • .oge offer ~r • • o erst e alar equal to the a ar .i..a. u Cit and f the r to pa i movin e give to the Com.is elec ion to b his C ur ·h ville . pa en motion , t e r Si ation of r . Colvin as a rut e ias accepted at an ea ier ti e uring this meeting of the Board, and no:,, on motion , ul ec e a carried , this action oft e oar vas re cinded, leaving ~r . olvi till a me~ber o the Board of Tru~tees of Ce tre ollege . On motion, the xecutive o _ittee o t e Board vith the concurr en e of the Acting Presi ent, • • Cr ooks, as full. empo ered o plo~ to canva sers forte O1le e , an the expen es of the two soap oi t ed 1a , on otion , a ed to the budget for the curreut r. On motion , r . A. J • • lexander , Pre i ent of tne Boar , a a hor ized to appoint a ter ates on the Con:mi ttee to notif Dr • • o er s provide a embers of the Co ittee o appointed hould decline to serve . he fol owing an:e dmen to the B - La ,s ·,a ted by ur . 1.,harle emp ill, namel•: "To r emove an uncertaint a to the po er of the xecutive co ittee the Board i ter pre t s t e artic e i tLe Charter o t e College on the ommittee' o er to in lu et e po:er to ill vacancies taking place bet'leen .e interval of the ee i gs of t e Boar til the ne t Boar eeting . " love d b r . Barbour ti.at if he ommi ttee appointe to r esent to .rr • • oger his electi n to the reside c of e tre Co _e~e receive a .avorable repl from Dr • • ogers that e shall accompan the announcecent of his acceptance vith a brief statement 'lit reference to the College . 1 e Boar ad ·ourned. /7 (I anville , e tuc cember 1 , 1 26 . lLe .i:.xecutive Co ittee o 'entre College of e1t c •• et at the buil ing and ,a opene 1,11 h pra er b everend • ?. . H mphill , L brar .I., . • A t pr sent: exan er, ;el on • • o • Co ,an, u e hair an , Charl s emphill , A. : • iseman a d J . A. Chee • On motion b Dr . em 1 t e .i:.xec elation of th leg fro .. t e e i o Churcn in it is ouri , expre in College and i· hat that church be for Ce tr i sa it . 1ec their purpo en a re resentative of l:it in the uture . · tee in ir i e a r tte r o e �73 On motion, r • • • roo s 1as re quested to i1vestigate an report the probable cost of an Alumni director. r. roo s t ted to th ommittee tat t.e time had arrive for pre rin t.e terial for the catalo e of Ce tre College and the o epartment of e tre ollege , and i ndicated that certain a ditional embers of the ~acult 10 1 be re quired for instruction during the ext ollege ear and on motion , r. Crooks ~as informed thut it as t e sense of the ~xecutive Committee to a opt his suggestion an add men for this additional teac ing orce, an he as authorize furt er to indicate i t.e catalomes that such a ditional instruction would be provi ed for t e comin year . On motion , r. Crooks , as cting President, 1a::: authorized to emplo one or more per on to vi it the igh chool.., in 1.entuc. an under his advice and cirection , to canvas for et tudent • On motion , it 1a deci ed to hol a meetin 0 oft e on Januar 0th, 1927, at even thirt P . xecutive Co ittee r. fol..,on • odes tated t at erta 11 bu ine en agements requir d that be should a to bee cue at t.i point, a on motion, r . • J . • lexan er was requested to take the chair an pre id over this eeting of the xecutive o ittee. On motion, the Bu ine s ,anager was reque ted to inve ti ate and r port the best ,a o provi i1 a secon exit from th g a ium at entue ollege fo Jomen d the probable cot o On motion , 1ent -five o ars ( 2 . 00) 1a appropriat to pa in part t .e e e of student member of the Y• • u • • in attending t e meetln Berea Colleg, ad it ia or r that thi o nt be or o 11 heek . pal to Pro On motion, the sum for plantin e esi te a to be a member, as uiuenberr ,and t One un red .uoll 1 C On mot· n , strict ion V lt of th r t of One er n Cv tt is b B ne , r uil i about an 1 d o m s 00 r n 1 i u r m i unt , �1,4 con i t The ~e er~hip oft e Boar of~ u tees at thi Jf the oll in a e per~o , to it: ,arre field erts 11cets 0 O. Letcher . ...cElro . . . ead • A exande r mmet 0 1 eal •. ichard P. r nst ". .. ,ev . i e h • • emphill eld Mev . el grim o Colvin . v . enjamin . Buh • l, . • Bee • am b . 1L=>eman . . obert • • l-al. e hil i ... • ,arbo Tate Irvine C rl ates ~. • l-heek e , • ..., . T ' e' :.ex ington, ville le , . nd , vil tone ..,. p, ville , 1 e, a. OLVE tn1.r t t ,I . ickman art er , er of Ce t e College , me~ be bstituted for a pe rmis ion is hereb given to J . A. Cheek, reasurer a afo r esaid , to enter sai box accompanie • Hiclanan Carter , usines ~ana er , without a Tru tee . OL that a cop o thi re olut ion be fur i bed he idell and Columbia Tut Compa of Loi vile , et fort eir i ance i i matter. e i tt ee a ·o r ed . ui ville , e tuc· . . ebruar 28th , 1 27. 1 e Exec ti ve Committee o Ce tre olle e met at t e e bac ouisville , Ke tuc , an ,as opene vi th pra er b~ r . hill. Present: . . el on • 'lise rn , Centre Colle e . ... . o es , C air an , C. Chee a . • e phill , roo • , Acting On motion , Dr . a req e ted to request for a ~rooks ave of abs nee net Colleg as t1 e ervice of all me ber of the a a comin ol e e ear . Profes ear ~o ,ere otel , emp- weet , e t o chn tat i t e grante , or the �On motion, t e follonin~ acti0n ra 75 ta.en: for n ears Centre allege has rante a sc olarship to sons of inisters any denomi ation of C.ristians, -IBuOL L that daughters of sue ini ters be entitle to scholarsnip in the orr.a.n' cpa rt ent of e1tre College; and t1at thi a1...tion oft e Co ittee be printed in t e catalogue oft .e o n' epartment . On motion, t e salary of Profe~sor the coming ear. terrett as fixed at 2,500.00 for motion, t e ~xecutive ~o ittee reco en to the Board of r t e that the student pu licati n , known as "The Centre Colonel" be discont· ued after the clo e of the prasent College ear, so that all efforts can be concentrated on one olleg paper. r. rooks pre:ented a request fr.om the Busines anager, as ing th ether he hould end out notices on cextain not cs in his han s rh ich ere given to e ure an Alumni ecretary an pa hi salar an expen es as such secretary . he Committee advived that uch nots be held for urther in tructions, but that no notice b tat tni time . On e otion, the monthl appropriation of 1 . 00 to rtment VijS continue for three months. rofes or ,lis ' t e ab enc e of r. J . ice Co ·1 n , the Chairman of th Buil in und roun Committee, on motion, r . uy i e n, am ber o t t Co ittee , as appointed as the hairman protem. On motion , the Buil ing an Grounds o ittee as in tru~te the ,ater from the cellar o Old Centre, a to repair th leading to the in Buildi and repair the f nee on Beatt limiting the total e penditure to the Bug t a opt th fort present fiscal ar. The foll wing r solut an ro are o amount p ed i pecific t orit of the xecutiv lacretion an in t o 11 s may a t e e n re On mot n, the Co t 11 o'cloc , itt s adopt d: That the exp nd from ti t pt th T t ve Commit v full autho nditur r t p r; limitin t~ Tru t e ildin bo ourn l t t 0 th r inion o b 1 y, larch l h, 1927, �176 uanville, Kentuc rch 14th, 1927. The Executiv e Committee of Centre College met in the Librar ing, an Mas opened with pra er b r. A. J . A. Alexander. build - esent: elson D. odes , Chairman, A. J . A. Alexan er, avid 7eets, Charles • Hemphill , Guy E . 1iseman, • A. Cheek and Charles • Crooks , Acting President . 1inutes of the Exec tive Committee a~ their meetings held on ecember 13th, 1926, Febr ar 28th, 1927, were rea d approve a recor e • Attention of the Committee vas called to the fact tat small bo s ,vere enteri g tne G mnasium b il ing during time ·11 en no students ,ere i t e bulling, and on motion , this matter 1as referred to the Buil ings Co ittee 1ith poner to act . Int· e matter of the co tro of the 'anitors , on motion ul carried, all janitors, inclu in the 'a.nito r emplo ed for athletics, ere placed er the control of the Business nager in connection vith the Buildings and Grounds ommittee, and in the case o· the 2anitor employed for at letics this p ticular 'anitor 7as also to be unde r the control of tte Chairman of the Athletic Committee in co nection 1th the Bu iness anager . 4he Business 1anager vas i tructed to pa over 1 , 000 . 00 on the notes of the Athletic A ociation, t is to be pai of the general income of the ollege as provi ed ror int forte current ear, Which vas approve b. the Board of On reco en ation of r. rooks a ember J thi ear's • ielson Al en, was emplo as an in tructor i he i Ph sics for the year 1 27 - 1 28, at n salar of 1,800.00, begin 'ti th October 5th, 1927, for t e month of epte ber as a credit b him out e budget r tees . enior class, tr/ and payment to 1927 . On recommen ation of r . Crvok he vas authorize to ma e arrangement ith iss Alice ecor an i s Jessie Keep to retain them in their present positions in the :'/oman' s epartment of Ce tre ollege . On motion the Business nager vas authorized to bu t e use oft e egi trnr in the ,oman's epurtment . a filing case for Samuel • heek, Jr., a nephev of r . • P. Jacobs and his wife, rs . ZL.la • ..,acobs, ,I o donated the ... a 7 Li rar o "' cobs to Centre Col ege, made eque t t.at he be allo ed to use such boo from the Lav Librar as are not now in use b· entre Colleg . e also reque ted permis ion to move such books n nere not in u e to his Law fice on ain treet, nville , Ke t c: • On motion t i r q t ,a grante , 11th the un erstan that an boos ove to the office of • C e k an Vhich :1ere ot i u e at t .i but mi t e of use i t e future , voul be promptl returned b• him to the o.lege ibrar on reque to the Tru tee or the xecutive ommittee . as authorized to is ue ill trated bull tin of Centre r . Crook College and the Toman ' epertraent of entre Co lege for a vertisin . �J.no I I 77 the followin 0 resolution 1as adopted: EREA, isses ugenia and L. Young delivered to Centre College certain shares of stock in the arah acific Oil Company, and whereas the Pacific Oil Company in liquidation has delivered to Centre College an equal number of shares of the tandard Oil Company of California, and whereas a dividend of shares in the Associated Oil Company .,ere issued as a dividend, and whereas late~ these shares in the Associated Oil Company were exchanged for shares in the Associated Tide Hater Company, resolved that the Treasurer be instructed to retain the shares now held by him in the Pacific Oil Company and also the same number of shares in the tandard Oil Company of California as a part of the John C. Young Fund now held by the College, which was donated by the Misses Young and llrs . Zillah Y. Jadobs, deceased, resolved that the Treasurer be instructed to deliver the shares in the Associated Tide ater Company, now held by him, in exchange for the shares of the As~ociated Oil Company, to isses Eugenia and Sarah Lee Young and take their receipt for the same, and also to pay over to them any dividends received from any or all of the fore oing stock as income, to which they are entitled. Resolved, third, that the Treasurer be authorized to sign the corporate name of the College by himself as Treasurer in making any and all transfers necessary to carry out the foregoing action, and that Mr . Nelson D. odes, Chairman of the Executive Cour ittee, be authorized to certify this authority and this action of the Ex cutive Committee to any and all interested parties . The Executive Committee received from :hlr. George A. Joplin, Jr., ecretary of the Alumni Association, twelve names of Alumni of Centre College, and in accordance with the plan existing between the Alumni Association and the Trustees of Centre College this Committee, on motion instructed the Acting President, Dr . c. G. Crooks, to return to tr. Joplin the names of the following six Alumni; which were selecte from the list of twelve submitted to the Executive Committee: Dr. Phillip F. Barbour, Mr . Charles • Milner, Dr • • A. Higgins, Mr. R. Lake Dudley, endrick Alcorn and Mr. Joseph W. Ireland. The following recommendation"' w re pre ented with reference to frat rnity buildings on the campus: The xecutive Committee at its meeting on larch 14th, 1927, adopted the following statement of principles governing the b lding of dormitory facilities at Centre College in the ne r future . Ve believe that a number of smaller dormitory units is preferable to on large o rmi tory unit. We bel iev that th Colleg should cooperate with tho frat rnities or any oth r organization functioning at the College in th building o th se new student quarters . /e sugg st that a pl n b wor o t in otai of buildin8S or tud nt living quart r an arc it ct o t t t group of build n i1 e i anc o pin with the b st, typ the Ce1 tre ca. pu : and locate i in t s tl t the olle e should p y Bi t p C t t es units, a.n he frat r tty group or tribute in ca~h rty pr ent o t~ cost the building w tn n b co t e f)rOp r o t t, t iz ui oll y us n pu ; h of conand • but �I be e it or ot er o g er a, ritten ro 1 i efi ite term, ease ould a o c at t e t e a t s pa nn ual rent t d e o capita in ·e te t e o ~ege in this bui ·1ng, plus a fair mount to covert e epreciation up eep on t e buil ing, or the les ee t e o ege the o t invested b it on the amortiza ion plan, and tis lea e to further provide that the upervision ad iscipline at .e bui i s loul be under plans approved b the President ad Executive ommittee oft e College . on motion , a o ·er to ment, team e tuc On ot·o a o pte ger for receive from t e . , said amount bei a the d ittee ad"ourned to 11 o'clock, t e rea urer ~as irecte to ac ount of the ,'o an' epartxecutive Co ·ttee o t .e o g o trib te or curre t exeet on pri t ' 27, at .v.:11e, Ken c pril 4th, 1927 . he Execu ive Co ittee of Ce ~re o lege met i the ibrar ·i: buildi g. Presa t: • el on o es, hairman, A . .. . A . Alexan er, avi 11eets , u i eman, • A . C e e and~ . ~. roo s , cting Presi dent . e ·1 eeting inutes of re r d as opened with pra er b r. n m et·n oft e ~xecutive Co d auproved for record . eets . ittee el arch 14 h, e bill of expen es pre ente b or hornton Terhune, amounting to .;1. 0 ,as ap roved for pa Pro ent b the B ine s ager . rv essor James te rett for ... eaYe of absence in e n pos·tion for one enr on t e orld Travel rui e rate tit understa il tat no alar 70Ul be paid him 'absence t.ne . a i s anc L . oorefiel • receive a accepted . ean of t e o .an' e- On motion, e Committee recornrnen e the e eren ~. O. he er, of emp i , 'e es ee, graduate of Central Uni ver it , Richmond , Kentnc in the cla s of 1889, or t e egree of octor of Divinit . 0 motion, u • ise an, va given authorit. to reprenent mtre College in ng contracts iith e proper p rties repre enting the of c , U. A. a r holing tvo Youn p opl s ences in the b i s of _ • • , . , in Jun , 1 ext . �.. n I I On motion, the making of a contract for repairing the rive ay through the grounds of Centre College was referred to the Committee on Buildings and Grounds, with the power to act . 7 On motion, the inhe ri tance tax due the tate of Kansas on the nouse an lot located in Parsons, Kansas, which was devised to Centre Col lege under the Will of Harry 1. Morton subject to the life estate of his wife, amounting to 81.00 was ordered paid by the Business anager . The Treasurer read to the Executive Committee a letter from Mr . James B. ,aller suggesting the installation of a heating plant and a supply of hot vater for the flat building in Chicago owned jointly by Centre College and the daughters of ir . Henry J . Peet, deceased. The Treasurer ~as authorized to say to llr . ~aller that the Committee approves the idea as suggested in his letter, but requests Ilr . faller, as agent, to secure a definite proposition as to the costs of these improvements and when the same wuuld pro oably be made . The bills presented b the Business Manager in excess of 75 . 00 vere approved for payment . The bills were a coal bill for Cent re College, from the Danville Ice and Coal Company, and several bills for textbooks which had been bought for sale to the students . The Committee adjourned . ) ( Danville, Kentucky. April 15th, 1927. The Board of Trustees of Centre College of Kentuck met in nville in the Library building of Centre College in response to a call of A. J . A. Alexander, President of the Board of Trust es . The purpos as stated in said call was for the el ction of a President and to consider any other business that may come before the Board. ~he Board opened with prayer by Dr . Carleton J . Pelgrim , D. D. embers present: A. J . A. Alexan er, Philip] . Barbour, Clarl s • Hemphill, Benjamin J . Bush, J . c. . Beckham, Carleton ~. Pelgrim, uy E . , iseman , obert Tate Irvine, Cnarles D. Cates, J . . Che k, Vill ·ward Duffield, George McRoberts, David M. sw et , N lson D. Rodes , ibney Oscar Letcher, Henry S . McElroy, Richnrd P . Ernst, , orge Colvin and obert T. Ca w 11 . The 'lnutes of th me ting o th Boar of Trust s h ld on Nov mb r 22n , 1926, od an approve as r cord d . Th I inut s th Executive Comrnitt sine them eti11g of t Board on nov m r 22nd, 1926, w re rea for the information of Ll e oard . Reverend Ben umin . Buh, nate a suitab e ~o.u or o the Co i ttec wa ununlmous tlr e .an oft e Law ch ol • D. , Cnuirman of th i ent o C 1 tr 1 , o 11iu in recomrnen ing l; the Uni ver it; rl f t to nomiort d that uro t t i y. �The Co ·ttee heretofore appointe to notif r . arr 1., . oger s of election a e tat t e record shov t a t is Co ittee notified Dr . Rogers of his election and subsequent t ereto receivea a etter i icating his eat regret in bei g una le to accept he sa e and givin is reasons therefor . O motion the student publication, 11 he 1.,~1 tre Colonel" tinued forte coming College ear, 1927 - '28. i as discon- On motion tne Tr tees placed o record hat i t e op1.n1.on of the Trustees t e xecutive Committee of Ce t e ol ege as t e po er to en said vae;anil vaca cies i the members ip o ai Co ittee cies occur betveen the annual meetings o the Board of r tees . e Boar of rustees too recess for l ch tat t e Board vould resume session at 1:30 he Board of rustee itn the un er tanding resumed sess~on at 1: 0 On motion Charles J . T ck as elected resident of entre ollege, the said election a ta en b a record of all the members presen voting and hoving that the election ,,;as animous . On motion, Dr . Bush, Chairman _ Le Co notif r . Turck o is el ctio •• On motio the salar to re iden ,ta fixe at re ident's hou e nov on the camp o e tre College, ituated on t e out ide o -ain treet . T e salar to be paid in twelve monthl installments, as the custom of the pa ment o a ala ·es of Profes or i .e ollege. 7 , ::>00 • 00 per of the ne tl i ttee , ·1as instructe electe annum tith the free u e of the Te Committee to r . Turck vas enlarge· to inc n:.embers of the Board o r tee 1.0 o b villing to o o exin ton, et , for that purpose immediatelv after the ad'our ent of the Board . On the recomr:endation of r . Crooks , Acting lege, ,.e Board elected r . - owland . Hll of E ucation and Psychology at a alar. of ta ding tat t e ir t payment on thi alar October 5th, 927, for service during t e of en re Col - i tat Profe or ith the un er e on er . On motion the ru tee approve t e pri c"ple of maller itories on t e campu of e tre ol~ege , u d tote Executive Committee pol/er to cooperate ith t e o i tee revio s appointed on t.i question for the purpo e of p rfecting 1 details and plan with instruction .en t e rune are compl te o report t .e saie tote Bo rd of ~ru tee for final approval . On motion the question of papering 1d fre hening up the re i ent' h~u e and e peciall the q e tion of ,nat i to be done b. the Col rel ge in furni hing the large room in the Pres· ent' hou e v ferre to the Execu ive Com: ittee vith po1er to ~c • e Boar a ;o rned . .., �LOO I Danville, Kentuc y ay 9th, 1927. The Executive Committee of Centre College met in the ~ibrary building on ay 9th, 1927. resent: elson • odes, Chair an, Charles • Hemphill, J. eek, and C~arles • Crooks, Acting Pr sident . The meeting • E. ise on pril as opened vith prayer by Dr . Hemp ill. m.e 1i utes oft e meeting oft e xecutive Committee hel 4th, 1927, vere read and approved as recorded. he Treasurer read a letter from r . James B. ,ialler, agent for the anagement of the properties of the College in Chicago. The purport of this letter as principall concernin the probable receipts from rents as the same 1ould be effected by certain proposed improvem nts b wr.ich steam heat an hot vater 1ould be furnished to all f the tenants in the flats and al o to the st,:>re roo 1S rented. The Treasurer was authorized to notify r . laller to proceed 1ith these improvem nts, vith t e un erstanding that one-half of thee i provements be paid for by entre Co .ege oul not exceed 5, 000.00. s t ese improvem nts are mude t e reasurer is instructed top for the same on requisitions from • ,aller a to charge the a e to t e cost f this icago property, H being evi ent from u-. 111 r's statement th t the income from this property woul not onl b increa e more than sufficient to pay the inter st on the , 000 . 00 butt tin a ditlon thereto a better clos of tenants old b secured . os ut or On motion r. rooK, cting re ident o Centre ized to send out tot e members of the Bo r the name o 1cK ndr Llewellyn aney, Clos of 1897, 1ith the recomm nation th t the degree of Doctor o L ws be conferre upon him . On motion the Commtttee ad ourned . n, �e cc ti 1 9 : .' e t . e M 9: 0 se i ') • r V ol- l • vi "le . lvi n s �LOO ��LOO I ( �• ..,t cs 2, , .,) t l V • l ,.. __j,_, ?. �s rd . l .w ~C C .., r: 1- �as ed j • ... V ct . vl t l' l 7. ��0 ..J C 0 2 7. "' 11 ' 3 r ���LDD �1 .r rs, , l e. t- C , 1 r' ro 1 -> Cl ...... • c.. d, r C J. ) f e C ,., �m:1 ich 4s t rest + str c teei. to invest the in 5 , 000 irst 10rt a e on rel estate in or .ea Ban.:.cers T.,..ust CJ pany o.,. i te oms, l le , t uc · 1isvi le . 1 o "This c. ed 20th, 1927, b ) le . 00) t~ 1 O~ ... r �196 y C- ' e n' C t .... T • ... r es r at J itte 1 e ...,, r Jt ' !J e s. 1st, t ... 1 o' loc ~. s �r. nn 197 ...1 e ar n D. e l.:,:e l ti i u it s r er y lJr . .J ets . 17t , 192 , ')V r - f ') h 1 ��19 �200 Ce C • ance ..... c t ay a s t , 1 t ., 1 25 - l i nt i s · rst - L 15 , s s s 7 ... ,2 3 . 7 1 t ... ) ,, 7 ,7GO . 0 '3, ... _7.50 s 7 , 1.35 . 0 t 1 I , 5 "" . 31 e V T 1 l. , ��t e :> itea t i t ; b i L ti ve te .on on C ursuant to the Co ers p esent: elson D. R . V eek an C hil~, J . r- ville , i I , ~e , 1928 , at :, . c . :' . I i ttee s, les rles I �203 �o. . er ur~ Dr . l: ��2Qt 7he inutes o e calleu eet n 0f the Board of Trustees eld n , on Octobe Glst , 192? , ere read and app o d as Danville , Ken tuc e xecut 1 ve Co ecor e . lso the ·tnutes of tl:e ~etings of o mber 21st and ece ber 1 ttee of ent e allege of Kentucky rel uary 17th, Februa 21st , ch 20th, p 1 l?th 20th, 192?, and ay 8th, 1928 , e e read as ecJrded .or e info ation of the Board . On otion, the action of the ... xecutive ommittee as set 'inutes o the Exec tive ittee as read to the 8.!'d by the T s tees . Preside .t Charles ~tan on motion side the seve l ec ':'he Bo ck presented in i ti his fi st annual re as decided to talce up this report and con ~enda ions se iatim. d t >ok recess until the ne. t mo n June do T ustees r by D • Ch les o ion o s ol f all students in the W live in t ent f th st i i l ,o T ith the Boa rd 9. it ten repo t fr n ' sDp. ent . e llowin ex 1>ee w s the basis o. n sction by all :.;tu den ts in + e o an ' s ep t - er t the li e e point o vi is t upon resi . .., . th , 19 t and was o~cned on tre Colle ·e e phill. e. On ut in the as pp oved keld the n ts · e .:s is t e nee on t e cams > that it as ell as t a r or at e.' ent of Centre rt nt o ... lo . ol - sad pte : en ia t dre to r ish is e �2 5 c ~Y of t e ... 0 t s au i .. d by ..... ..,c, . . t , arn t t ls~ orde ed to be 4'1le ... n t.e Pre i ent ' s o . . Cice . e ed ile )4' t e Busir.ess 'Ula er , t:r . re d t:, e rd .. or t, ir inf i e ~resident ' s orr .. ce . as icknan p n r nces r. d nt ' s in C S ion . On lutiJn was '.:> .. • foll mi t .. ee, 1.n • .. • • : . . Stu t i tl I. . by t r • .• 1 o • nani o sl i J . • • • B. •• • • II . t : • C • • ) - • • •• • • • • •• • •• ••• • • • • • • • • • • • • �... 06 s otal I. ... o 32,855 19,533 s &. B. inte nee .. -:>r auc ses ted on- B. C. e zine nt 1 t . 1 l-28 n :J 1 16.. 01 3 , 600 47 00 12, 80 8 7 1 , 767 3 , 60 6, 3. 4. L 15,11 1 , 36 2, 7 .xpens s 1. II. omen s a n C. • en r ici t I co e 1,150 11,850 1 , 300 3 , 850 3,750 00 100 2 , 300 . . oo 3 , 850 3,75 700 200 100 1 , 000 0 0 0 0 0 ... , 300 2 , 50 .... ,250 0 40 G, ., i tu es 40 '> 500 1, 0 0 e ,3 1 , 605 o 113,80 inus 535 , 760 �, Jr . r r. �20 side t t of 0 in ., ab ve t? subscri o pan to tar ish a J t • E.l e re-i r1.~t t e e ...ed t ·red rter in 1928, All lso tote 11 ... us t es ho 1 office ti d qu0..i if ied . et s es e ei s at b 0 t r .., J Ol - :::: :>f r s bei the ct or Tr ter e that the t e n ber st es se s ')f he le all ac of sixteen me bers? the Board beine present at of the Tr stees , it was decided to de r t e election o i1 subs uent tin the Ja d hen siXteen bers . ...0pl · n, Secre ta o t e ssociation , noti ied the e elect n 0f . R>bert L e D dle , e C. ss of 189 , hinself as representati e v the Alur.mi o Centre College years , cl ss expi ... ·ng 1932 . On otion , !he oard eciaed to hold o. rneeti o the ustees at s te in the .. 11 of 1928 , 11hich date is to be ixed b the President o the B ard of us tees on re c en at ion of the xe cuti ve Comoi ttee . mhe Board adjour d. �Danville , Kent cky .rune 26th , 1928. The xec tive Corn:n~ttee of the Board of Trustees of Kent c y met in the Library building. entre Colle e of Present : David · 11eets , Richard P . Ernst , • L. ':'hrelkeld, Guy heek, J . Rice o,an d President Charles J . T rck . Wiseman, The meeti 1as opened rith praye The Unutes recorde • f the mee ti In the absence of the of b President Turck . ay 8th , 1 28 , ere ruad and approve hairman of the Executi ve Co ittee, Mr . D. Ro es , on motion , unanimo sly ad~pte , ~e erend David 1. D. D., as elected vhai an pro tempore. as elson ets , On recor:une do.tion oft e President the Co ·ttee aut orized a rize o 50 . 00 to be given to the valedictorian o the ad ati class each year , to be paid o t ')f c rent ncome ntil such ti e as fund C'.:> ld be r ise , the income of ich co ld be applicable to this prize, d the action o the Pres dent in payin the ~unt of 50 . 00 to the valedictorian of the lass of 1928 rns approved . On recorm.. en a tion of the President ne Libr y readin r ,om e e authorized . 11 hts for the Ce tre Colle e On tion , leave of bsence on half pay was Fehn, 1f the depart nt o athe atics or the c ming Col~ 1928- 29, un er the plan he etofore adopted by the Board ndation f the Pres! ent, r . Th rnt n Terhun olle ·e and • } • from the Univ sity of Vir•ini s lary of 2 , ed a ssis tant professor of Hi to ry t ing Sepe ber 1st, 1 , an pay bl mon ly s th sa members ,r th .aculty are paid . On reco c ntre The follo n bills in e ces er and ordered p 1 : C of ?b . 00 eru p sentod by • R. �10 On t C .. e • e iden t ress . ep rte Ernst , ul oc r b:> i p')rtant t e ,.u ted , the President as directed .,..ec >r t n t e let e s d obl ')ns f t: e ol e. ai n as i c ki enco ::-a in pro - 11am oun ent presented a beauti. ronze tab.et in me :.or ls ton R ssell , financial a ent o e tre ol:e & from 181 8 1. ~his tablet as directed to be aced e st 11 of chapel o Ce tre CoLe •e . 0 to ittee e dj:,u ned, on motinn . sec re to.. . ( ~,:, e : no ul s the eeti une ee ti called . ) as he so la e in t e m::>nth there as anville , en c. Au ust "1st, 1928 . the oa d of T stees b ildin at : 30 ld . es, hai an , , Ch rles ttee • t: L , ck , tin en re Col as ,:,pe d e Ti th ,ise n , ice vO n , . L . resident of e Co 1 e . une held pot him . th, t e bil~s to 1:.0 n e ar 2 7 . 25 ... 03 . 0 1... . 36 'Z70 . 00 l , 7 . 72 re �211 fu tte itt l r ion, rt) in· d t ar t e re o i d iss. J • .:> 1th as elected to the rt nt e Bc0no ics at t o:nan ' s 0 . 00 ryer annun , less 450 . 00 be , a e • ne ss On t e rec 9. ti on of t; ar es J . as elec te 1siness ,m er of per annun , pa able Dnth 1 as in olle -e . but it is nderstood t t his · th such vacation as is inc..i ate t t ident , at a sa e e nt f ti 0 ~e resident pres .~ed t~ esi natl no harl s ich as acce. te Vlith r ret . He also presented a rooks requ s tin his retirement as Pro.. essor o.. t e of this letter follo s : Au s t 2 ls t , 19 28 . To President murck and tne members o .. th Ex c ti e v071lllittee of the 'fl st es J Certre Colle le en: •e ro ctive ber l , 1928 , an end l· at or d C al vi 1 1 l ri l 2 , r 22UO . OO l ... 2 23 t 0 0 0 2 OJ . OC d �s ,., . .s u t t .. I t. i s. i n 1 Si s i ":.ted , r v . t\:: ' 4 s 'I ct t J C V n. ai nvil(; , 'USt en tre the . J. • v e . l x e ,., :'hro rck . d \ th r yer by t r in T 11 C - eld, G . .... . 2 entuc t '.) ise an, 1 1928 • C T. li ')f R.:.ce " rel e ld . s .>l un nimou ly e. ted, d. l ks . . iz a '-' . d l �.. DD 2 ive v1 i ~t vol v·c... :;J C • t ' �21 (Si ned) bills llo i v r ere 75 . 0 l r vO pan ck . . ation 0 n P ve ent , C r a ent : d. 0 pany . ( es 84 . 13 otion, d l ad') ted, t. e action o President ck in payin to r . )rter 500 . 00 on acco t of t e clai ante atin the present c ... e for se vices as Chai an o~ the . thletic Board of Control approved . Bo rd opted a resol tion th t no •aculty ember ould receive any extra curricula student activities . p y '">r directi n otion, duly dopte , President Turck and t e Bude Committee re uested to e are a revise b get .:or the iscal e endi a lJth, 192 . This action as taken in vie ctual e ollr:tent of en in Centre Co lee bei less th ted e llmen in the bud et . On ::ioti::m, the Co ittee djo rne . sec Danville, I entucl( October 1 th 1 28 . xec tive Committee of ~entre olle e o Kent c'y et in the Libr Centre Colle e an ,as opened th p aye:r: by . . L. ice~ r n , G. . "is ck . inutes .r,vd"r the crd . eti o Set ber ~4th, 1 ~n, r L. r • d an e y 1 ' P- In r oo de in the printed re or t :, tl. sur y t e '> rk o 1ade by the repr entatives the Fresb vhurch Dr . ck eportod a correction su ested, d he as auvh rized to see that the sane 1 s carrie t in the st e ec ti ve y o t ·nable. T . • ' �DD 2 5 rr . . L. Threlkeld presunted book for the Libr y o .. the 10 an • s Le partment o entre allege as a gift from his a ghter, t:rs . ~lizabeth Threlkeld Roush . On motion , unan· ously a 0pte , this rift as ac cepted, an President T ck was directed to express the thanks o the Committee to Urs . Roush . The bills over ?5 . 00 reported by the Business paid and are set o t in de tai 1 below: anager uere ~rdere Kroc h ' s International Book Store L J . Bartlett &. C pany • . P. tton Comp ny . • rthur 10 ath Inc • • • R nd - '.cNally &. Company . Library of Congress . Ben c . Ingels Electric Company . Chestnut - S lter I rdia e Company Cole an Bell Company . • . . Bryant ard re Co. pany . . . Crescent Lumber C1mpany • . • Danville Ice & Coal Co~pnny . Colle e Book Store . . • . . J . . ~techert omp ny . . • Bl nd Sta ~UI'lber company. c . ~ . ~o th oo are o puny ,ill Corporation ..•. n, ey ny 1verdra •ation 1 Ba . .. n l S lC .• ' II• • . • • • • itt • I • j • • • • • . • 127 .82 13 .13 312.53 18 .85 763 . 93 218.40 119. 77 7 .07 8.39 338. 9 • • ' '• • • • ' 1th • • • " • " • - • 0 • II . • • • . - rn d . 60 . 57 313 . 13 ? • 33 80 . 60 86 . 31 9o . 33 - ' • Bus •• • • " vill = • •• • C • " C • 7h. .. •• " - • a nece' 116.24 • • • • • �216 Danville , : ntuc e r 19th , 1 e xec tive Committee o Libr ry building . Centre olle e o. resent: elson ~ - . odes , Chairman , C hrel.keld, David , . S ee ice Co C eek nd Charles J . T he e~in 1as opened en et in the les R . .Iern:ohill, n , Gu ise , J. itn pru er by Dr . H mphill . e ti .. o t e .;xec tive Co .·tte or record . e u i s n r ts 7o . 00 in each c e , pi . • he bi'ls ar of 0cto er 16th r tcd s: the 43 . 32 3 . 50 5., 1 544 . 08 1 o. 0 223 . 75 121 . 26 114.00 317 . 68 25 . 0 11 . 15 183 . 75 369 .15 Co pan _ n l 3,0o0 . "5 iti ns d top n i., ls than t e to ; • • • I!, .. 1 .... . rded to that t three in . • ision hou • ' . ld ic C • • : : • •. • • • • • • : •. • • tout of in li re uC ools •• ndi tion ool ho r s • urther , th t th the und ro d .J nt or t. l �2 ' Owing to the absence of President and some local members o the Executive Co ittee there ~as no meetin of the Executive Committee held in December . Danville , ~entuc January 4th, 1929 . Te ,xecutive CoIDL1ittee of entre Collere met in the Ti rar bui~din . Present: Nelson D. odes , 7. L. T elkeld , Guy E. iseman, J • • C eek , nd C. arles J . ':'urck . ihe meeting , as opened 1th prayer by l elson D. Rodes . ~he inutes of the meetine of November 19th , 1928, were approv d for record . ~he ~usiness anagcr reported bills over 75 . 00 as follo,s: Da ville Ice & Coal Co pany (Centre College) Danville Ice & Coal Company ( /oman ' s Dept . ) Benson Printine Company Barnes&. Noble Florian 1eiss er rhe abov 262 .1 526 . 87 150 . 00 101.42 80 . 30 bills were order d paid . On motion , unanimously adopted , the Treasur r s authar-i d and inst:vuctcd to sign the rune of Centre Colleee Kentucl· as sur ty on a note for 1 , 000 . 00 payable to the Farm rs National Bank , o Dan vll , K ntuc' , for money borro1ed or the account of the thletic oard o Control . On motion , duly adopted , Dr . ck was authoriz d to on account o. money expended in the purchase of books at the /oman ' . Depart ent of C ntre Coll and also penue of providin new shelving for th odation o rh Committ e adjourned • .i.'h .xecutive Cormnittce o re id nt ' s hom , nd Pro ent: .r lson : : > . Thr lkel I J' . C . he inutc"' o for record . t e n r P id , nd y .. Chairman, Guy s J . urck • 0 uar th , I 2 t 0 bill ol o <' : th . Co J. d ' 0 r 7 n, nd .co, . L. r ioh d �!:>anville Ice Leeds & ort. 555 . 74 207 . 00 e Pre ident presented t e present fin ancial condition of af :ir s i n e e an the Co it tee enr;a ed i:c an informal discussio of the e oro otion of cer.tain Pro.essors ·as approved . s ociate Professor ecord becomes II I structor Johnson ssist t rofessor Sterrett II ssistant Professor Cook e are as ol lo s : Professor. • ssi t t PrQfes..,or ssociate Professor • ssociate Professor otion , Profes or orborne Cro ell was appointed cti Pro ssor of tion fort second se ester in the place o ~re.es.or. ert t e sa ar to be paid by roferror Bear , ho was i en a leave of ce • or the .,. emester : en atio:c of the President , the usual diplo a ranted the colan honorary de ree as authorized to be sent tote o ora le ich rd r st , on \horn the degree of LL . D. as conferred b the o rd at its meeti in June 1928 . e reco endation o. the President that a holiday be p,iven at =aster inst ad of urin the ,eetin of the entuc ~ducational ssociation , as proved . Co ittee adjourned . il le , • ntuck . . arch 19th 1 29 . e nd ecutive Co i ttee of C •• t e Colle e met in the Librar as opened · th pra er by ;.r . • L . Threlkeld . nt: inutes for reco elson J . odes Cowan , David . J . Turck . e eetin Chairman , . L. hrel eld ets , Charles . Hemphill , 1 of Februar u build in is an , . Cheek and 19th, 1 2 , \ere read and ap roved T e repo o . Burrus runn , lusir:.ess i ttee paid . and bi ls over 70 . 00 , as stated Danville Ice & Coal Co pany Danville Ice & C 1 Com n Fr lin intin Co pan , ana er , as ade to the Combelo• , ~er , on otio , dered {Centre Colle ) { lo an I r Dept . ) 203 . 02 283 . 79 115 . 00 �OD I On otion , animousl carried , Charles J . Turck , resident of Ce re College , and the Chairman o.. the ~xecutive Co ittee, ;r • • elson D. Rodes , were requested to prepar suita le resolutions on the death of Dr . • J . A. hlexan er , which are to be spread upon the inutes o.. the Committee and Printed in the next ventre Colle e bulletin , d oopy of s e forwarded to his ido . .'he :lesolutions are as .ollo s : Resolutions adopted by the Board of Trustees er Ce re Colle e in memory of Dr . A . J . A. lexarne r lhen ::Jr . . J . A . lexan er , President or the o rd of ~r t ees of Centre College , died on 'arch 10th , 1929, at /oodburn , there came to a close t "enty- ive ears of work for Centre . .row tat ~e ha~ answ red the summons of Immortality and joined the ranks of tho e illustrious deod ho , havin toiled here for the Kin dom of God , do rest 7ithin its protectin borders , e TTho r.ve sorv d with him on the official oa:rd of Centre Col1 e d sir to record our sense o.. irreparable loss , our reco nition o.. is rat &na en rous services cheerfully and re eatedl rendered , our admiration of his character unspotted b th orld ad bearinr: testimony throu h his purit and b aut to is divine ori in and divine destiny . cros th chas that se aratos this pre ent rld from th li et nal , e salute or riond . ould enshrin his on our records and ti thin our ts . 10 d r ourselves to the i h tasks o istian eduction so nobly advanced . Co• rteou~ and friendly , controlled b the spirit of uervice, devot d t ev ry social or civic ov t t p~o i ed a bettor co calth , lo his c loxa der cave nspa ly of his ~t ,cal th to build here no the K C ntre C l le e , but lllny other on t ov ri d t and service 111 ut r our prais o t t con cerate an , t o kno tas h hi , and thus to 1 hell surrendore t . lives .or er . ter . He pt h flo m t in hi ook , to V this potion o .. r col ction" to is b lov d C �The om:riittee ade the ollowi reco ndations for ho orar es , ich , under the rules of the 3oard , are to be sent irst to embers of the 3oard 1ith a ballot requ stin a es or no vote on t e na es . octor o Di inity everend John Little, of Louisville -er.tuck. everend Howard, oody organ , pastor of the axvell utreet Presb erian Church , Lexin~ton entuc Doctor of Las illiar:i Siopson l-in , c:..ass of 1879 . D. request was presented from i~s Doe Harris to be allo ed the use of a room in the oman ' s Depart ent for the teac in of business courses , which, on motion , vas declined and the ~resident as author ize to noti .iss arris . re ident ~s authorized to emplo . . Car an Sing as rofessor of~ glish .. or one year d i e leave o abse orlc of ro:ressor .... t rrett . The salar o rofe<-sor in b tr . .:.>terrett out 01 the salary paid him th Colle e . e Co ittee adjourned . ecretar· . anvi le entu -. _ ryril 16th, 1929 . :Xecu Library buildi T Cormnittee of Centre Colle e o resent: e.Lson D. odes , ::.>avid elkeld G. ' ise an, J . C eek . . e etin was opened with pra er b e 'in tes of th for record . meetin of Kentuck ce ,., eets , Charles ~r . arch 19th C met in the . I ' . L. K. ere read and approved Te request o iss :::U nia Youn to return exces in the Fund 01in out of the a1preciation in the value o .ec rities for endowment o this fund by s . ~illa . Jacobs arah Lee o and Eu enia oung as ull set out in a written a eemen or the ndo ent oft e John C. a ,illia C. oung •oundation of .. r sident ' s C air was r .. rr d to a Co ittee consistin o clson odes , J . ic Co d Ch les T rck . T . On motion , unani ousl adopted , the Treasurer as to s 11 the ri :hts accruin fro 310 shares o Indi c inin Compa c on tock an to ere it the p;roceeds of the s c to the inc account of the eneral fun o Ce tre Colle e . �LDD 221 The Business i:anager made his report and tbe bills in excesf' of anaP-er .*** ,;,,75 . 00 , as stated below, were ordered paid by the Busim ss On motion , the selection of an architect for ~reparinr, plans for the improvement of Old Centre was referred to the Buildin~s and Grounds Committee . They were also requested to secure approxi~ate estimates for heatinr, the Main 3uildi~ with steam. An infor.nal discussion was had concerning the erection of frater nity houses on the campus in addition to new dornitories . On tion , Dr , Turck was requested to write out and report to the next meeting of the :xecutive Committee a resolution expressinr, the views of himself and the Committee on these matters , so that the Committee could make the recomrJ.endation to the annual meetinr of the ~oard of ~rustees . The following resolution was adopted on the death of R. ~ate Irvine , an A:umnus of Central University and a Trustee of Centre ColleP.e, arrfi Dr . Turck was requested to send a copy of the same to the family: nesolutions adopted b +he Board of Trustees of Centre Collep,e on the death of Robert rate Irvine kobert 'i'ate Irvine , a graduate of Central Uni.ver<-ity in the Class of 1884 &nd for nine years a member of the Board of Trustees of c~ntre College , ')assed on to the better country on '1 hursday , rarch 28th , 1929 . "'h College which nurtured him and the riembers of its ::Joard o"' Trust es who worked with him here ::::iake record o. his splendid qualities as a an and a citizen an~ testify to his achieve 0nts in law , in business , in education and in government . orn in Kentucky , he moved to southwest Virr,inia as a ounr man and transformed lise County from a pioneer cornnunity to one of the richest industrial sections of that state . His was the rsonality that led the way to the oat development that has marked tho last three decades in that ar a. H never lost his interest in education . Centre Colee plac d hin on its oarl of Trust0es End the ·niv rsit • of Virr,inia , fror-1 the Law Sc!i.ool of which he rad·ia ted in 1889, 1 ced him on its oard of ents . Ile rvcd oth institut 1ons Hi th unc..i 1inished oyal ty . In tl c practice of ::.a ac icved proe 1inent success , u din the tasks o poli~·cs h ,a~ a .orce for pro ress and 4or honor . C nt Coll ~oin \'1th the U i vcrsi ty o Vir inia nd with t 1 Common 1th o Vir iniu Ln mourning tho ssin of this distin uish ntl Our d p st synronth \TO extend to hi~ b r v d ami m n. 1 ** Char 1 s C r .r . vO D nville Ice & Coal Co :oany (Ccntr Co1le ) Danville Ic & Coal Com:oany ( Tom n ' D pt . ) Chestnut- l ter • r wa · Comp ny ryant rdwar Comp y rurclc , r 1 nt K ntucky . . 42 367 . 8£1 4.3 82 . 01 �22-state ent o the eeds o. oney b the 'thletic oard o. o trol to pay ~alar:es and other expenses uas de tote Co ittee, and on otion , the usin ss ana er , as reasurer of the thletic Bee.rd of Control, as empo ered to borrow 4 , 000 . 00 from the Farr:iers 1 tion1 Ba , of Da ville , I'en tuc :y, n :r . . Chee , as Treasurer as uthorized to si the name of Centre Colle e cf:. K nt . as securi t on c,ai note • On motion the Comr ittee ad ·ourned . ..,ecretar . . ~rentuc 1929 . :)ar. · 11.e 27 e t e r. xec tive _,o 1.ttee o Centre .1i l in at 7 : 30 P . • d ::."r eets C •• ove e 0 inutes 0 t e for .ecord . es, ol e""e o s opened ..entuck· et in .t a "'0 r b~ ice T, rles nd ..,..,ril lo, 1929 eting of L. e ere d an On motion, e e le h stoc'· heln t e s toe - ho ders to cri o 1 e e, on otion, unan· ousl a o e e iss eni ..om , t e ollo11i resolution aut orizin~ the Treasurer .,o '!lake the t adonted: On • • • • stoc hie ..,0 ot:on • • 't i e s • •• • • tI • • - 81 0-81 • ace ... . . . • • • • .••• 1t ••nia • an Telephone • e esc~ibed b hich i ts e "'l.Ot ion of ::>r . • ent • n-c,. was i esi ent oft e • • • conde • •• •• •• • ':Teo. d an e • d •• • •• • ds th om 1 a e d 1 929 . o an st 1cte lumnae entu • \7as as"'ed ;eor e olle e o I I • , the lumnae o ...ant have nifesteu IJil undininished lo in its new relationship to ent e olle y tot e e r for o en t colle e �,OD RZAG, the Alumnae have hel a eunion in ~ouisville uri the meetin of the Kentucky ""':ducational ssociation an arc lanni of 07.:'lence ent reek, and to hold an ilumnae :.uncheon on S turd tm"":A.S, the lumnae bave laid rut s of the 0!:18.Il ' s Denart!D.cnt .ich has nt of students and visitors, ornal de on the ttracted th favor ble .... RE O , I .'.30L r:::o , that e , the Board f stees of ventre Colle e, take offici co izance of the ~ctivities o the lumnae and extend to t1em rur he t thanks for hat the h ve done and for thei co tinuillcn devotion to the 0 1 le e . "Te i sh to extend our .:L '"S :.manda nod.es ) is \Jlelia rtici ted in the ticular t - 1,s to ' s . er ~es and e.11:. others of the ssociation . O or 'he re ort of t bi 11 s over 7 5 . 00 , ich or: e Bisin ss nna or before in the Annual eport the siness aut i the 15th Busi Kentucky dvocate . Dar.Ville :>ai ly esso • ·. ,;,tevens blis)Ii entral ocienti ic Com 2 tion , un mos , c Bo rd of eforably fr horized to e to th~ The o idcnt sho ld be held on se hit ido t s . the cam On s otion , t e v h t t or ana er , om any •• p 1 h o r e , o.n the ident er ir.corT)orate er , o.. rnotio 242 . 00 99 . 25 . • 574 . 5 166 . 62 ted , the B iness a thar ized rs ~ational e of ..,entre ty . •'rid y d ':'11 c"d ys ss Rue , e vice of e o o t th o tion of �0 otion , . form 0 the co t lated lease fo t e use of the 0 ate it hruses 'lO ld be e ected uas re ... erred to . so odes an esident vharles J . C TI O S all e ort this le s to the Exe tie o::nmi t tee or the Bo rd of ustees u.; seen to the"'l best ... or inal oval . • i I held in oft t e •= . ·II• ; • • .. I e .• •• s D. : : > . meeti ., ed to hi au thor i David at t e it tees , bein the tits last ; •• II • ; I I . as authorized to the oar to be s a c tin • esident anted to • · m b Mile vO"lJ'littee ad·~ ned . .:,ecret vi le .:e tuck • une 7th 1 92 . ':'he annu eeti11 of' the o d o stees of e tre .,olle e o T•e t c ~· et in the Libra buil n o entre vol e e an as lied • order b :r . • ., ee sec etar•· of the uho called the t • I or t e o d to the recent death o • :r. . . exander e t o ... the 3oard o... ustees . On mot e e ele e T Di • Dr. Javid • S eets one of the T e d the d opened 11th b t I • Ill • =• = • V .. • • • stees TTere = les D. Gates J' . C . • I 1st cs 1 o hill lace f i te June 8, 1928 er On les I ; • . IQ • II II '!':lO ti on • : I . . I • I • • I : : I • I • •• • II l. Gibney les ell·eld unanimrusl a selected e i e t J' . Alex der dece d . e . .. • • t, eek ets 1 . Read L . Thre el of t e card o ... oved f e d. rree ti p : '; ... esolution •= • • I • • = s a o tod: ustees • I end of eld on ittee el on e Ill I ittee held to the I �225 . DD RZSOLV~, t mt t· e order or business set !'orth in the President ' s a.r;enda shall be t..1.e order of bcisiness '17ith not -.ore than 30 minutes allo red to each it err:. . dt the er. d of such eriod, the time nny be extended 5 minutes, and the item of businezs "!Illst then be voted on or become unfinished business, to be taken UP on Saturd"ly afternoon at 2 P •• ~. President harles J" . Turck was present and read 1us annual report to the Board of Trustees . Other re arts read to the Board uere as fo lloos: ~eport of the :Jean of ~Jen, report of the )ean of omen, report of the Treasurer, report of the Trusiness }.1ana.n:er, report of the t1tletic Joard of Co.trol. All reports thus presented rere eceived and read anQ orrered filed . Repeal of hap,ter XV of the By-Lavrs and subs ti tu tion therefor of a neu hapter XV conce i~ the nomination and election of Trustees and menbers of the Executive Cor:mittee . In accordance with Chapter IT of the resent By-LFtws notice of a ch8Il{"c in so.id Chnpter havin~ heretofore been r,iven b harles R . Hemphill and J" . A . heek, the resent hapter s repealed and the following nevr hapter is adopted by the un nimo:.is vote of Trustees present, being in exc"ss of the 16 required in order to change hapter and to substitute a new Chanter vhapter of the By-Laws of Centre ol~e e of Kentucky overni the election of Tr stoes and the nembers of the Executive omm.ittee and fix:I.n.n: tho numbc of the xecutive Comr1itteo . The members of t Board of Trustees sho.11 be elected in the follom.nc man ..Jer: Ir. each annual class of six t ste s there sr.all be three committees . onmittee 11 shall con 1st of three trustees Hhose names s1a be subr::.itted fo • tification by the yn of the Presbyteri Church c-. 3 . A. ommittee 12 sh l conni"t of t 10 trustees 'l'lhose cs shall be submitted for r ti ic tion by the yr.. of th T')resby-ter· n Church 'J. S . o it tee J3 sh l con"'ist of ono t s tee whose name ho. been p.resonte by th 1.1'.lIIllli Association o entro voile Th ~embers o tho respective committees in the nu l classes sh l constitute three nom "Those in OI!ll'll~ ttee i1. to eac to tal'o the pl ce o t ustc terns of of e expire an tho o e y other b co Thoso in o ttee t t e the l of t office oxpi t t every othe a throe ':'hose in o t e /3 t e umnus ctcd by o t tt 01' �escribed b the oard of. ustees, an sh 1 oard eve other e one an.b er o olJI!"littee . ::.n va c r existin at t e ti e the oa d shall be fi ed b t e Board esented the s e nominatin co ittee o forrer incumbent . ·x sh 1 constitute a ~xecuti e ommittee . to t e cti in el teen a orth in of ustees in · llin cancies in said oa all be b b llot . s are required fo an election as . of this · the a · ustees rl3et ation l nei her e altered e ·ote or sixteen ter a noti e vi intention to c apte • o B - La e s fo es in .J . Gates J" . :n mem er s o,. the . e , elson D. ice 0>1 e i t 3 e e i s ted the ent e " e as ttee er e e el d ..,o"Dtittee '2 d the fol.lo . , ead, ederic orted for members ,. the .;.;xecut niri 1931 , .., rles lis . electe tee V ld ic ard ustees in the t e sane the n eets o s been t e class exts as a me e:>..."J)iri 1931. Geer o d to ·on l, t e lecti ol e of t o c r o t st es a o sic-ts of the fo er s of o fi e b o s: e �DD 227 erm expiring 1930 Ed ard L . nrren elson D. odes d ~field ill . avid S :.eets "'ibney Oscar Letcher c oberts ear e 1 31 Tern eX'"li in ...,rnst icha.rd ..., ;; • ..," ce obert er r emi.,..in e 1932 ,, arles '1 . J" . im V O emphill eckh idle 19 3 exni in lis too'~ u r cf-•on: .,.. de ... art ent' r s ctor o. ) the r ed o C V n L 0 ... 0 C s t tl • n: ollo ivi it ev •• 11 .-in 00 ;, • • • • • • • •• a • • • • • ' a • • • I I ' : lo • .. • • • 0 • • • n • ••• • •• I • I a • •• •• •• • • ., • & • • • I • • • '• • • •• • a • t • �ro e ill ood n her Leslie obert en avi pe r t 1 r e ·1ton rris lliam O i e Pau Carr lex enn esl Lee Jame Fre eric o Le John 'l'ho .r . s rs ine r Peck d l son dlock sdale .oo , Jr . e tion d 1 adopted J . . . . ~hee' as au+ orized On d directed to trans er to :1 ss en i a Yo of erican ale '>hone an .ele ph vom n stock and the ea u.rer as ther incte to investme ts eld as en o e .... t of the .Tohn ..., . an illiam • ~-o esident ' s chai. tot is extent . esolution is as follo s : est o ri tte dent hich cation i e ':Tea 'he of the t thi. s eetin . lected Troa 0 t O ye 1 oun to ca e the as to be en ea h ck uas au t. orized to be -;i. ven an ve e. ·as , on rntion , vi Ilf been au(..i ted ve notice that his term o .. ice s also as Tree. e Bo :ould. e i e er of :notior. , una mo sl a.do te J. heo · was c-,ec ta of the oar of Tr s v t e +tees ot er thar: the ere unanimously re - electe for ate e embers.hi as stated int e last inted cat ive nommittee ua~ locted ea ier in this term or t 10 ears . ) On t·or., he follo1i eso tion int e ith as unani mouslr of Kent le al do~ted : d Kcr::tuc • the t o o - �DD 0I'ations, and that 'essrs . elson ) . odes, Ohc.rles • nhill, e ident oft e ~oard, z . . n eek, avid Sweets and .'.;!w.rles . ·11rer fire ereb directed to act S""leci co'111ll ttee to effect a of the said cor or tions ~lon the 11 ne s iereir. "' "et forth: J iOL ::ID, that vent re o le e !ld Kentucky Colle e onen hereb effect a er er on t e follo i te s co itions: ( 1) Centre olle e ili 11 accept fron entucky Co~ le :e en the fee simple title to all t t lot of round ildi s thereon eretofore o ed Kentucky olomen, cxce t that .., rt described section 2 t' lot of "'r"Oun t buil in t reo be une cumbere t a e, lie_ or ot'er enc e, tre Colle ea to operate i id 1 a fo .n- 1ea.r co fo • our o en. for (2) Kent olle~e for e tre o Dormi tor· knovm. as tm East • the Pre en • lin • •• • ; a ' '.fil t o::ien a to the • .,., .. .•• •• ' 0 0 of be : rt d nt • • II e d r e st SS !'1C Col • , S ; • • • I •• II• • • • • . • • I oes to trans~er at art of . th the a 1 t t rt • ; line of •• a • • • • • • .••• •• • • ' • • • ' • • 0 ' • • o- I .' I I • • I • • �o. esider.t • c , ction as e follom. Visitors o t e oman ' s De art ient of entre t ·e crea ... olle e ; r;n, first, at a oa d t e re Colle e be ointe on the olle r-e a: d co Second , th'3.t classes of o ll' cac • ~1 ss , e ire in 1930 , class in 19 ,.. t e ,......ird sixt en o en be divided into fo d t t t::.e ter of o fice , irst tl:e second class in 1931 , the t ird o t cl ss in 1 9"3 . the oman s e art oord of Visi to s . 0 f icio a t th, th t te to re s of ..,e t ,..ned to them be l • lS a oo e s of the ::Joard of Visitors evda ions to be de to the Bo olle -e an such other po ers as stees om ti e to ti b the ixth, .. he fi st t e esi e t of xec tie ... orr.nittee . On es at t be ex- Visitors s all neet annua11~• o tener o the call of the C e of isi tors o the created co sisting reco e dation of i. ed by the Board tion , r . v arles ore e et e ort arol ina b of Visitors shall be a ointe ..,olle t"'8 co i "led b t e e phill an :::>r • .., res J . Colle-ce t a eetin; to be ca cato so the esb terian.., ch ent T' ck eported ;l.fts f om Sena to s du Pont and ·rts rom others in e enovatio of Old e tre an nts .or the same 'Dl.ll.'pose to eet the conditions nar!led du ont . On otio t e Pre i e t as in all t ose connecte ith tis ent to i re t e e "JI)rec ia tion o t e J a d a d s a: t e ifts in su ficient o nts to complete the enovation and e ipment of Old entre not onl for the dinin but fo the of ices of th es·de t ,._he :Jusiness '!lll er t P. ~ . 1929-30: The president presented the following oposed bud et f or �OD 231 Proposed Cash Budget for 1929-30 RECEIPTS I. Available for strictly educational purposes Total $133,870 A. Balance B. Student fees 1. Tuition (190 C 150; 60 C 75 C 150; 25 C atriculation fees (125) 2. 3. Senior Graduation fees 4. Breakage fees 5. Special e:xamina tion fees 6. itusic fees "I. Transcript fees 0 100) 100) 1. Unrestricted 2. Library 3. Chemistry 4. Ren ts D. Gif'ts 1. Gifts rec'd throu Treasurer for • D. 2. Danville Camp i 3. Chm-ch Boards and Churches E. supplemental business acti Vi ties and miscellaneous 1. Receipts from Dorm. & Din. Hall (Net) 2. Rent on Gymnasium 3. Rent on colle e houses er Conferences (Net) 4. 5. Book Store (Net) 6. Sundry sources II. Available for specially desi educational purposes: A. tudent fees ated non- (Net) 2. Canto (Net) 3. Annual (Net) gazine (Net) 4. Centre College 1. Athletics i 99 2 270 0 omen I 34 2 600 0 50,900 35 1 300 15 1 600 48,250 625 300 75 13,750 225 75 1,500 50 34,500 400 225 50 75 0 50 60,000 60,000 0 50,000 2,000 3,000 5,000 50,000 2,000 3,000 5,000 12,000 1 1 000 11,000 1,000 5,000 6,000 1,000 0 0 0 5,000 6, 00 10,970 2 1 970 s,ooo 7, 00 70 1,800 1, 00 100 0 1,500 70 1, 00 0 100 6,000 0 500 1,500 0 0 100 B. Income from Endovmient Men 0 0 0 0 0 0 B. Endowment • Prizes (Net) 2. Honor Schol rships (Net) 0 C. Gifts 0 0 0 0 25 25 1,500 0 �EXPENDI ES Total I. nditm-es for strictly educational purposes : A. dministration & 124 250 General 1 . Salaries (Schedule A) 2. Ofrice Supp ies(Sched le B) 3 . General Expenses (Sch . C) B. Oper a ti on and 1. 2. 3. 4. 5. c. int enanc e a es (Schedule D) Re irs an Replaceroonts (E) Gas, ater, el (F) SUppli es and SUndrie s ance 1 . Salaries (Sc edule G) 2. Retirement~ Ann ities (H) 3 . Departmental Supplies and ...,q pment (I) 4 . Library (J") II. ~:xpenditures for specially dei nated non-ed ational purposes thletics 2. amatics 3. Debate and Oratory • he Annual 5 . The Ce to 6. Centre olle e azine ? • I ectures Promotion (Schedule K) 9 . Prizes (L) 10. Sundries 1. . III . Capital Outlay (Char ed to Income) 1 . Str et Assessments 96 , 850 $ 2? , 500 18 , 800 4 , 900 18 , 800 1 , 900 3 , 000 14 , 800 1 , 400 2 , 600 4 , 000 500 400 23 , 800 13 , 500 10 , 300 6 , 000 5 , 800 1 , 000 4 , 000 4 , 000 4 , 000 3 , 000 500 2 , 000 3 , 000 2 , 000 2 , 800 00 2 , 000 ?6 , 850 64 , 550 12 , 300 64 , ?50 3 , 250 55 , 450 3 , 250 9 , 300 3 , 650 5 , 200 2 , 350 3 , 500 1 , 300 l , ?00 6 , 600 3 , 050 3 , 550 ,ooo 0 0 0 0 0 0 100 150 100 150 0 0 0 0 0 0 0 0 200 200 5 , 600 200 200 2 , 050 3 , 550 2,500 2 , 000 500 2 , 500 2 , 000 500 133 , 450 1 01 , 900 31 , 50 0 0 IV. Accumulated Indebtedness V. Continent $ omen 23 , ?00 ? Instruction en 0 0 0 0 d TOTAL Board adjourned . �Danville, Kentucky July 18th, 1929. The Executive Committee of Centre College me~ at 7:30 P • • in the Library Building and was opened with prayer by Dr. C. J. Turck. 'embers present: G. E. iseman, W. L. Threlkeld, F. A. Wallis, George McRoberts, J. A. Cheek and C. J. Turck. ,ll'. In the absence of Mr. Nelson D. Rodes, Chairman of the Committee, Guy E. Wiseman was elected to preside at the meeting. inutes of the meeting on ay 27, 1929, were read and approved for record. or the information of the Committee, Dr. Turck reported that Mr. R. S. Reynolds had declined his election as a 1Tustee of Cent e College. This being a matter for the Board of Trustees, the onnnittee took no action. The diploma of Wesley J. Randall, a member of the class aduating in June 1929, as anted, and on motion, the Committee aived t e requirement of his presence at the time the diploma is to be delivered, and the president was instructed to il the diploma to him. Presi ent Turck reported the purchase of an automobile at a ice of 300 to be used in canvassing for the college during the summer af 1929. On motion, this action as approved by the Committee. A list of bills over 75, which ere, on motion, allowed, ,ere paid by the Business f,:anager, and ure as follows: Harcourt & Company (diplomas, etc.) Will Corporation (scientific equipment) Dixie Che 1cal Prod cts Co. Har r Brothers Danvtlle Ice and Coal Co. Citizens Union Bank (rental, safety deposit box} foods !otor Co. Escott arnett Company (audit) c hool Bureau (Dr. Reeves) U. of K. (survey) A. w. alker (windstorm uom ere irs) Belknap Iard are Co. (paint) 208.87 142.84 78.70 80.86 231.66 75.00 300.00 300.00 500.00 g7.61 197.00 Th bid or B. erion Shields for the i pr vement of Old Centre in accordance ith pl ns and su est1ons of Ch chill and Gilli as accepted . In View o Old Centre bei n old buil in on th ture of th im oven nt s necessary require u thori ty vested in .. om one to eon such cha es us oy be needed rom tim tot me, on otion, esic ent Charles J. U'ck, J. A. Cheek s.., c to.ry o this Committ an the Building Committee of Centre Coll ewer 1thorized to make alterations on a ee to ch es s the v.ork on th buildin s. Prosident Turck reported that ro pots for youn n •s De1 rtm nt ,ho ould be resid nt tu ents in th rtment ere of ch an ture th t tho st dormitory commo ate all ho had lr auy de applic tion. Pro i ported to the Committee that • J. A. Ch ek nd r n ng water in rooms on the econd floor, cha lo �est dormitor y of the oman ' s De tment, an also see that he i nt in of the hall an the rooms , t ogether m. th ruch addi ti anal facil ities as ere needed would be taken care of during the absence of President ck on his v acation, an that • Cheek further agree d to pay these bills as presented awaiting a complete statement and ad ju tment of the matter in a manner that would be entirel satisfactory to President Tur ck and to the Committee. On motion , unanimously adopted , J . A. C eek , as Trea er of Centre College, was authorized to si the na:::ie of Cent e Colle e of Kentucky as surety by himsel f as Treasurer t o a note or notes for an additional amount o 2 , 500 for rooney to be borrowed by the thleti c Association prior to the openi of college in September . ir . J . A. Cheek and • Guy E . iseman , two member s of the Execu tive Cammi ttee of entucky College for omen, explained to the Executive Committee of entre Colle e the nature of an eement bet een the city of DanVille, owners of the water works system of Danville ar.d the Exec tive ommittee of Kentucky Colle e for omen , by which agree ment Kentucky College for omen agrees to deed to the city of Danville one acre of land off of the extreme ortheast corner of the pasture lot no ned by Kentucky College for omen for p poses as set out in the a ee ent, and as compensation for the same the city of Danville a rees to run a six inch wate main thro h the campus of Kentucky College for Women diately back of or ga n Hall East Hal l and es t Hall and place fire hydrants of the latest and st approved type on said line and also to connect this water ma i n for f e protection purposes m.th four buildin s, to wit : East Hall, est Hall , ~or gan Hall am the Gymnasium b ildi , with the ther agreement with said cit y as o er oft e aterworks to make no charge for water used for fire protection and to perpetually eep in repair the water main a hydrants free of expense to Kentucky Colle e for 7omen . The a eement ther provided that in event of sale by the city of its ater orks system that this agreement will be assumed by the purchaser . It is further erstood and a eed t.at the provi sions oft s a eement are to be inc orl)orated in full in the deed conveyin the land ether the land is conveyed by Kentu-ky College for Women, or Cetltre olle e, or both. (For ree nt in full see deed) The proposition of Texis and In am or placin a heatin plant in the ain Building of Centre Colle e was referred to t e pre i ent and the Buildi sand Gr unds Committee with power to act . Bids for furnishin coal were referred to this same cooperatin with the president, with power to act . ommittee, On recomrneniation of the esident Professor James H. He lett as appointed Dean of en, with duties to be p escribed by the president of the college . ofessor c. E . Allen as appointed Director of Public Relations, with d ties to be prescribed by the president of the c olle e . On mtion, J . • Cheek as elected Treasurer of the Old entre ilding d , and as ch was authorized to pay ut this fund in improvement of Old entre , on estimates of hurchill d Gilli architects, for the improvement of this building . hecks so iven by im on t~is fund e to receive the pproval of Charles J . ck �DD before the san:e is Jn id. The Commit tee a djour ne d. ecretary . .1: ote : There as no Au st meeting held • Dan ville , Kentucky September 24, 192 . The Executive Committee of Centre College of Kentucky met in the Library Building at 7 : 30 P. M. and ias opened with pr ayer by Dr . C. J . Turck . iembers present: Guy E . iseman , J . R . Co an , George !cRoberts , , • L. Threlkel d, David M. Sweets, J . A. Cheek and arle~ J . rck. 18th The inutes of the meeting of the Executive Cormnittee of July ere read and approved for reco r d . The President reported a m::>st encouraging opening in both Departments, being 258 men and 109 women, an increase of 30 in each department ov er the enrollment of the previous year as sho n in the catalo e of that year . On motion,the follo n reoolution authorizing the Trea er, J. A. Cheek, to collect the le acy of 20 , 000 left in the 111 or t he late John A. Simpson, of Covi ton, Kentucky , s a opted: IIBREAS, John A. Simpson , Esq . bequ athed 20 , 000 to Centre College of Kentucky by his last will and the executor of said Simpson has notified Centre Colle e that it is ready to pay ch legacy: No , it is resolved that J . A. Cheok , 1T asur r of Centre College of Kentucky, is hereby nu thorized to receive and collect from Covington Trust & D kin om ny, exec tor of John A. Simpson, the aforesaid 20 , 000 l acy , n said J . A. Cheek, Treasurer , wil e ecut r ceipt on behalf of Centre Colle e or Kentu ky to 1ch ex cutor for such le acy. ment: The following list of bills over 7 . 00 111 Corpor ation cook d Durham, ents Danville Ice e.n Coal Com any Bryant Hardware Com I!'ar rs oup ly Com ook and Durham, A ents Cook and Durham, A ents ere l roved tor 6,76 176 . 0 433 . 0 216 . 35 787 . 02 7 5 . 80 176 . 50 y- �2 6 S. L. Briggs, ent elsh &. Company , • Hickman Carter • K. Tunis&. Com any 1 124 . 30 497 . 60 248 . 90 124 . 40 The president presented to tbe Committee the survey of Dr. Floyd Reeves and after informal discussion no action being required, the survey was ordered filed in the president ' s office . the On rec ndation of the allowing resolution: esident, the Board of Trustees adopted (1) That the Department of Economics be k:no ment of Economics and Sociolo as the Depa.rt - (2) That the Depart nt of Education be kno ment of Education and Psychology . as the Depart- (3) That the Departments of Philosophy and Bible be consoliated and known as the Depart nt of Religion, to i nclude the chairs of En lish Bible, Applied C istiani ty, Reli ous Education an Christian Philosophy . e president ru ested that in order that the business ai°fairs oft e Department of Athletics should be carried on in the :nost effective way the colle e should ar anize a Centre College Athletic ssociation , the Board of Directors of which should be char ed wi th the duty of advisin and assist the Director of Athletics in all the rork of is department . In particular , the business ai°fairs of the Dep tment of thletics should be handled thro h this board . At the same time all questions of eli ·bility, athletic policy and of the inter- relations between athletics and the academic standards of the colle ge should be controlled as heretofore by the Faculty Committee on Athletics . The president said that he had examined the By- las of the Vanderbilt University and of the University of Kent cky thletic Asso ciations and that the su estions he as ing were based on a study of what these and other institutions have done . The Executive Committee voted that the president should proceed With the or anization of the Cent e Colle e Athletic Association and report back to the Board or Trustees for its approval and adoption the constitution of said Association . Toe Connni ttee a journed to meet on call of the C0Im11ittee . hair n of the ecretary . �237 Ja ille, Kentucky October 22, 1929. The Executive Committee of Centre Colle e of Kentucky tat the Library Building at ? : 30 P . • and as opened with prayer by Reverend David ! . Sweets . embers present : Guy E . iseman, George cRoberts, David eets, , • L . Threlkel d, 3 . A. Cheek and C. 3 . Turck . In the absence of Ar . N . D. Rodes, Chairman of the Committee, on motion, Mr . G. E . iseman was elected Chairman pro tem. Minutes of the meetin of the Committee held September 24th read and approved for record . The Business Manager ' s report was read and bills over on motion ordered id . The bills were as follo s: Belknap Hardware Company entral Scientific Company The Coleman and Bell Com ny D ville Ice and Coal Com ny ere ?5 . 00 ere 238 . 9? 482 . 89 141 . 08 148 . 04 On motion, the Treasurer, 3. A. Cheek, was authorized to sell 10,000 Bonds ·ven by Miss Eugenia Youn and out of the proceeds to pay cost of heating plant in Min Buildin and other e irs to that b ild ng, and to use the balance in payin ex nse of remodelin Old Centre . The Treasurer reported that in the payment or the le acy of 20 ,ooo by the executors of the estate of • John A . Simp on, te of Covin ton, Kentucky, the executors deducted 224. O from th 11 emo nt oft e legacy , bein the runt mid by them s inheritance truces du the ta te of Ohio . The Treasurer was authorized and dir cted to enter on his books the full amount of this le acy as i and to char e to the o r account the 224 . 00 hich had been educted byte ex cutors in the ym t of this legacy . On motion, Pre ident Turck was authorized to havo am ti o the Trustees called to be held in Louisvill on November 8, 1 2 • A request rom 3 . 3 . Bethurum, of the Class of 1915, diploma to b issued by Cent re Colle o I~ n 1 ky in ll o th plomn which heh ld ted by C ntral University r Ke tuc7, motion anted and Presi t 'I rck s authorize to hav h n plom.n issued as reque t d . The Co:nmitt e on i- journ d . ry . �Louisville , ent cky November 8 , 192 called meetin o the Board o Trustees of Centre Kent ck:y was hel in the Brown Hotel at 7 : 30 P . olle e of •embers present were : E. L. ,axren, elson D. Rodes, 'i7ill Ward ffield, :Javid • Sweets, Gibney O. Lecher, J . Rice Co a_ , .,,:e •.ry • ·cEl oy, hales VT . Iilner Charles R. Hemphill J . C. • Bee . .,, E. 7~se:nan, haxles D. Gates, J . A . Cheek , Frederick allis an t O' "eal , and Geor e A. cRoberts . The meeting as opened · th prayer . Presid ent Turck de a report on the general conditions existing at the colle e and reported that the openin attendance as quite satisfaoto President ck called attention to a vacancy in the Board of Trustees in the class expirin~ 1931, which vacancy sho ld be lled by a nomination by Committee# 2 . 1.,0mmittee ·· 2 retired and bro ht in the name of Honor~ble Robert Worth Bingham . On motion, t e report of the Committee as confirmed and the election of Jude Bingham to t his vacancy was made unanimous . After f adjourned . ther discussion by members of the Board, the t ustees Secretar •. D ville , Kent cky ovember 25th, 1929 . The Exec tive Committee of Centre Colle e of Kent ck Library buildin of the olle e . met in the esent: Telson D. Rodes, David.• . eats Gear e cRoberts ~rede ick A. Yallis, Gu E. 7ise W. L . ~b.r-elkeld, J . R. owan • Cheek and Charles J • .l ck . The Committee was opened ith ayer by Dr . sweets . nutes of the meetin of the Committee held Octo er 22nd The 1929, were read and approved for record . over he siness a ger made his report, and the followin g 75 . 00 ~ere allowed and ordered paid . Belknap Hard are & .1f • Co . Danville Ice end Coal Company armers S pply Company Geor e H. Sand (Library) P esbyterian Book Store (Hymnbooks) ~33 . 47 118 . 73 115 . 11 109 . 83 180 . 00 (Pd . ills ov . ) �DD The resignation of Robert T. Caldwell as a Trustee and member of the class whose term of office expires in 1931, was received, and on motion was accepted, and Mr. Franklin D. Van Winkle was recomrrended to the Board to talce the place of Mr. Robert T. Caldwell in the class expiring 1931. On motion, the request of the Social Committee to allow a dance on November 28th was granted • .Among the uncollected subscription notes in the President's office of Centre College was a note of David M. Sweets , dates April 4, 1919 , amount $100.00, which note was a part of the Centre College Centennial Fund being raised at that time, and also a note of David M. sweets for ~50 . 00 dated May 31 , 1917, :payable to the order of Central University (the consolidated ·nstitution) . The Treasurer called attention to the fact tba.t in a cru:n.:vass made for the benefit of the Kentucky College for Women about the year_--,,.._, that the Reverend David M. Sweets undertook to raise money to be used for the berefit of the Kentucky Colle ge for Women, and in which canvass the compensation of Dr . sweets was to be 10% of the rubscriptions secured. The Treasurer further stated that as a result of this canvass by Dr . Sweets a legacy of ~1 , 500 was secured by him from Mrs . Maude Hu~bes , which was incorporated in her will . The Treasurer further stated that this legacy had been paid to him as Treasurer of Kentucky Colle e for Women, now the on:an ' s Department of Centre College. On motion, unanimously adopted, the two notes of Dr . Sweets above referred to, amounting to '150 . 00 were surrendered to Dr . Sweets in full satisfaction of his services in securing the le acy from Ars. Maude Hu es, which had been p:1id . On account of the Christmas holidays the regular monthly eting of the Executive Connnittee will be omitted and on otion, the next meetn of the Committee will be held on January 20th, 1930 . The Committee adjourned . Secretary. Dan vi llo , K n t o ky Janu ry 20, 1930. The xecutive Committee of Centre College met in office in the Old Centre building and was op nod with r Turck . w. Pres id nt t s r by Dr . Present: Nelson D. Rodes, Choi rrnan, J . R. Cow n, Guy '. Wi e n, L. Threlkeld, Geor go McRoberts, J. A. Cheek and Charles J. Turck , 'l'he Minutes of the meeting of the Ex cutive Co ber 25th, 1929, were read and approve for r cord . Tho Busi nes.n Man er de his report and the in excess o 75 . 00 ere nllowo and order d id . itt of Novem- allowing bills �eri an ouncil on ~duca~ion Belknap ardwa e & ~f . Company Benson Printin Company entral Scientific Co . (Ph ics) J • • Cheek, ent (Fire Insur ce) J . A. _ ek , A en t " n Danville Ice & Coa l Company Farmers Sup ly Com ny c. C. Steep et on & Company A, • Walle r 100 . 00 337 . 86 161 . 68 170 . 69 381 . 20 581 . 50 573 . 03 224 . 05 150 . 25 278 . 61 Po er of attorney , si ed by Nelson D. Rodes , Chairman, aut orizing James B. aller to colle c t fire insuranc e follo s: Kl O l ALL BY THESE FRESE S: That Ce ~tre ollege of Kentucky, a corporation of Kentucky , does hereby authorize , empower , constitute and appoint James B. aller o~ t e City of Chica o , County of Cook an ·he State of Illinois its true and lawful attorney for it an in its name , place and stead, in all matters pertaini to the adjustments of ins ranee losses by fire or otherwise, and to execute any documents instruments o proofs of loss relating to such insurance 1 osses accruin at the building owned by this cor poration d commonly kno n as number 3ll8- 3130 Torth Clark Street and 806- 816 Barry Avenue, int e city of Chicago and tate of Illinois , as fully as the undersi_ned mi t do or could do if personally present at the doing t ereof · th full po er of substitution and revocation ereby ratifying and confirming all that James B. aller , our said attorney or his duly authorized su sti tute shall lawfull do or cause to be one by vi~tue hereof, b~t tnis authority is limited to the tter of adjusting the insurance loss on above buildi gro On tion, the selection of a superintendent of b 1 ins and s was left tote president of the college , Charles J . rck . On motion, the president was authorized to expen the · ft made by 'iss Eu enia Youn in accordance with preferences indicated by her to the presi ent . On motion, he Treasurer of the colle e was authorized to si then e of Centre olle e of Kentucky by him as Treasurer to a note f he Athletic Board of Control for the purpose of borro~ing 3 , 000 from the ar rs a ti anal Bank of Danville , Kentucky . On motion, the question of a new dormitory and the mana ement of the ning rooms in Old Cent e as referred tote president in connection 11th the B ilidin sand Grounds Committee . On tion, the Committee adjourned , Secretary . �D ville , Kentucky February 24, 1930. The Executive Committee of Centre College met in the president ' s office in Old Centre, and was opened th ayer by rr . Threl eld . Present : Guy E. Wiseman, Cheek and Charles J . Turck . . L. Threlkeld , J . Rice Co an, The Jinutes of the meeting of January 20, 1930, approved for record . j . • ere read and The Business Manager appeared before the committee and read the statement of finances and presented bills over 75 . 00, hich on otion , were ordered paid . The bills were as follo s: Belknap Hard are & Mfg . Co . Bryant Hard are Company Central Scientific Company Danville Daily ~essenger Dan ville Ice and Coal Com ny armers supply Company by the 160 . 93 202.00 217 . 69 15'.? .85 269.06 451.55 The Committee informally discussed matters of interest presented esident and no other business was transacted . On motion, the Committee adjourned to meet the next afternoon at 4 o ' clock . Danvill , Kent cky February 25 , 19 O The Committee met at 4 o ' clock in the presid nt ' s offic Centre . in Old On mot ion, the Treasurer as ins true ted to a ttac 1 th name of Centre College of Kentucky as surety by him as Trearurer to not or 2 , 000 to be executed by the Centre Coll Athletic s ociation, hich ~~nay s to be borrowed from the Citizens National ank as an dditional loan of money heretofore borrowed by t Athletic s oci tion . The Committee met • A. O. lzner, nrchitect, nnd rhole campus of Centr Coll for the location of e bull 1 s from tim t m on architect submitted th p limin ry plan o tion him , but no action w s to.ken by the Committ t as left in the han o the esi ent for sideration. d th him the plan of the The Committc adj rnod . con- �Danville, Kentucky rarch 24 , 1930 . The ecutive Committee of Centre allege of Kentucky mt in the Pre i ent ' s office in Old entre, and was opened w1 th pra er by rr . J. heek . Present: elson D. Rodes , FredericK • Wallis , J . Rice Co an , • Threlkeld, David •. Sweets , J . A. Cheek and Charles J . ck . • nutes of the meeting of Feb ,ere read and approve for record . The following resol ution ary 24th and of February 25th as unanimously adopted: Resolve , that t e Executive Committee oft e Board of Trustees heartil commend the unanimous action of the Discipline Commit ee in ithdraWin dance privile 0 es from the S • • E . fraternity as a penalty for its failure to cooperate in the strict policy of dry d ces which this colle e maintains . On motion, unanimously adopted , the Executive Committee goes on record as expressin t e approval of the erection of a dormitory with a capacity of thirty to forty boys at an expense not excee 1 , 000 for each student occupying t~e ormitory en completed . special committe CJnsistin of Guy= · isema.n , Frederick allis and Charles T , ck were appointe with 11 po er to act with reference to this dormitory . On motion , unanimously carried the le c re ceived trom the estate o James W. Kennedy, deceased, a member of the Class o 1879 in Centre Colle e be used as a part 01 v e cost oft e erection of this dormitory and i. consideration thereof the dormitory when erected is to be known as ennedy Hall in memory of · Kennedy who let this le acy to the colle On motion, the Treasurer was authorized o exchan e the re fer ed 6., stock held by Centre College in the Commonwealth Po .er Company for the same number o shares of t.e 6 referred stock i n the Common ealth and Southern Po er Company, anu also to exchan e the common stock in t ie same Company or 01llllon stock in the Commone 1th Southern Com ny . The Treasurer is authorize to endorse the name o Centre College o Kentuc on t e bac - o the certificates of the Common ealt Power vompany pre erre an common stocks forte purpose of m i this transfer and elson D. Rodes hairman of the Exec tive Committee, is thorized to f'urnis a certified copy o tis action or the Executive ommittee . eas rer stated that the Columbia Gas and Electric CorporaThe tion, a corporation under the laws of the tate of Dela a~e was o faring its 5 deben bods at 90 in exc nge for Cincin ati , e port and Covington Light and Traction preferred 4½% stocK . On motion , unanimously adopted the Treasurer J . . Cheek is a tho ized and directed to accept this offer, and surrende the pre erred stocK a ove mentioned to the Columbia Gas and Electric Corporation at par in exchange for its debenture 5 bon sat 90 . Forte purpose of aking this exchange the Trea ·eris authorized to si the corporate na of Centre College of Kent c~y by him as as e on the ack o the ce t·ricates of preferred stock in the Cinciru.ati e port an oving ton Li ht an action Com ny no held by Ce.tre Colle e , an it is �D) :further ordered that Nelson D. Rodes , as Chairman o the Executive ommittee of Centre College , be authorized to ive a certified copy or this action of the Executive Committee , under the corporate seal of the colle e . The following bills over by the Business Mana er: 75 . 00 were approved and orde ed paid The Caldwell Stone Company Central Scientific Company (Physics) D ville Daily Messen er Danville Ice and Coal Company arJiers upply Company c. J . Thurmond Electric Company 113 . 50 346 . 31 89 . 70 691 . 47 210.42 100 . 00 On notion , unanimously adopted, the gift o . J . A. vheek amcunting to 3 , 662 . 50 for various repairs de in the oman ' s Departent of Centre College bet een July 1st, 1929, and December 31, 1929, and paid for by him is hereby ackno led ed on behalf of Centre Colle e , and Helson D. Rodes, as Chairman , is authorized to p e re a resolution ccepting the same on behalf of Centre Colle e so that Mr . J . A. Cheek may talce credit fo this amount under the head of ifts in making his income tax report for the year ending December 31 , 1929 . President Turck was authorized to prepare suitable resol tions concernin Mr . Robert T. ~uisenberry , a former trustee of Centre College an Mr . John A. ~uisenb rry, a former trustee of Kentucky Colle e for omen, an hen so pre red to be inserted int in tes of this meeting and copi€s of the same to be urnished by the Secretary to the members of the families . On motion , the Committee adjourned . tary. D nvi 11 , Ken tu cy April 1 , 1 30 The Executive Committee of Centre Colle o Presi ent ' s office in OJ Ce~tre, and as op n d David eets . 1 The ~in tes of th re re d d a proved fo tin of the Committe r ccu:-d hel on ch 24, 19"0 , The follo in mbers o the Cammi t t e 11 r ent: uy • H • L. Thr lkeld, D vid M. Swee ts, J . Rice Cm, , J. . Choek an •re erick A. 7allis . uy E. n n l th d po.id . ollo in of the Chairman , In the absen presi e o.s chairman pro tern . Th Busincs exc ss of 75 . 00 Mona er re D nvi de rov d 0 r port r om ny 3 ... 9 . 76 13 . 2 l ct bi l to in �On motion, unanimo sly adopted, .less s . isema.. , _ ck and heek we e appointed a committee to cooperate m. th e Busir..ess :rana er in the colle c tion o the Danville subscriptions tote ~oman ' s Department of Centre olle e . of On motion, the followine recommendations were made to the Board ustees for honorary degrees : Forte LL . D. de ai fax ee arrison, Presi ent of the Southern Rail ay ,ashi ton, D. C. For the D. D. de ee Reveren William Dou-las Chamberlain, Class of 1919, Professor of New Testament Exegesis, Louisville Presbyterian Semi y Reverend Park Hays iller, Associate Editor oar Presbyterian Ch ch, U. S . A., Philadelphia of the For the Litt . D. !rs . Clara artin Poynter ~ead of the Sc i ence Hill School for Girls, Shelbyville, '"en rue On m::>tion, a comm·ttee consisti of Dr . ck, !r . Rodes and • Cheek were appointed tone ·otiate a loan 1or the account o the thletic Association of Centre Colle e . The Board of Trustees of Centre Colle eat its 3une eetin , app oved the consolidation of Centre Colle e and Kentucky College for omen (now the omn ' s De rtalnt of Centre College), appointed a committee co draft the articles o consolidation . The committee hav· completed this draft and the same being in the hands of President ck, on motion , he as authorized to nroceed to et t e si at es of both corporations by the president of the Board of Trustees of each corporation, an al so the signatures of trustees as required by law . 1929, havi The sub-committee of the Executive ommittee heretofore a p ointed to :iinvesti ate the matter of buildin tne dor tor to be known as Kennedy Hall , repo ted o ress, and that the committee .as visited Louisville and consulted one or more architects. o action, ho ever , as taken and the committee was continued , The Committee adjourned . Secretary . �D 245 ::)anvil le , :entuc -y • • ay 20 , 1930 • The ecutive Corm:nittee of Centre College of K .tucky met at the President ' s office in Old Centre and as opened with prayer by Dr . Turck . Present : ?elson D. Rodes , Guy E. 1i sema.n , George cRoberts , J . Rice Cowan , , • L. Threlkeld , J . ~. Cheek and c. J . Turck . The .linutes of the meeting held • pril 15, 1 930 , approved .or record . ere read and The Business ana~er made his report , and on motion, unanimously adopted , the purchase of a car to be used in ing the summer canvass amounting to 280 and the old car i~ addition, as approved . The bill o: the Thurmond ~lectric Company amounting to 176 . 40 eing for electric wiring at t:~ chapel of Cer.tre ColleGe , ~ain Buildin, was ap oved for payment • • Ir . Rodes asked to be relieved from t~e committee which as c=eated to assist the thletio Board of Control in raisin money , and on motion, unanimously carried, Jr . George cRoberts as substituted on this committee for rr . Rodes . The committee no consists of Charles: . Turck , J . A . Cheek and George 1.mRoberts . On motion, unanimously adopted, Reverend Ernest Looney utoc ton uas recommended to the Board of Trustees for t~e honorar de ree of LL . D. to be cor~~rred at the approaching Comrencement . Prewident U'urck called attention to the acancies existin on he Board of Trustees, one vacancy beinc_: in the class e .irin in 1931 an e other in the class expi.inN 1 33 , and on recom: en ation of the Preside~t , unanimous:y adopted , the xocutive Com.~it ee recommended to the Board o 'l'rustees .. hat !ll' . ank D. Van inkle be elected to the vacancy in the cl ss expirin 1931 an ose name sha:.i.ld be ser..t fa_ approval. to the U • ..> . yno , ar d the name of Judge . ... . J . Cochran to be elected to .. he vacanc i the clas plring 1933, and ,1:....ose name should be ser t for a rovo.l o tho U. • • Synod. On motion , unanimous~ adopted, the ewi ent reg: est tho annual "1ft o '3 , 000 from the loa d o. t 4 on , 1hi h re uest as to be approved by tho -->YilO . at its une moetinc . On motion , unanimou l adopted , the r was reque autcorized ~o continue the policy adopted a s 1 01 of r ting the baccalaur ate sermon preached to tin ol Cent e Co the two Presb n C urc es . Tt i t t tho at e t hur l be odd nu e ho b c th on t rian Ch .. he c n ich ly 1 d a to tiv ot Co itt re O. r.10tion , tho dopted: olloHi d an terof d too on th b - b de or l 0- l , o r~ oo 1 er tion . resolution of ap c tion �esolution _essrs . Bo Louis r CO , tat to or o stees o :c tre olle e sincere ap recia ti o e · t of ,..2 , 000 e b. es , of St . s; Clifto odeu of o ... , of Danville , in r.:ie s s 6 ,o t t 0 •S eti :tis ur of - lis , is terature , roup oft poetr of ober orial Lectur , tion of the oe t e avo ite p d that t e the a ual c e C e t t D c ea so:.ie l i f e lecture to all or ts olle eon e' harles t i .. r shall inc ore tle to a ien , odes , ~ . t .as o lecturer shall be carri c the oolle e . ommittee ad~our e • Danville , :e tuc a 30 , 30 call o e ....xecu tive o y, ise ..,e tre Colle odes , as , :- . 0.- d Char:.es :r . C ioh abseL.ce of the .., pore . ai. a:: ' ck . an ck· et on p a,:-er or Ve i e an ;r . uU e 3 sin s .ana er presented t e follo in ere allo ed an ordered pai ~al e 1 ~toe Co anville Ice and ar Printin ... evis nd I ram to a bi:ls o er • T .u . elected 74, ~4 . 04 co . e .. esiden t reported n ra , ich th ed ta on of t es to c o erts , I on r e 8 . 35 156 . 85 141. 81 allis o use at the o f means to d .. or is piano nt in "the am.a of ittee exte ed t .c o s action . 0 �. . e re est fro otio , repo.ted tot .' e the close vided t e xocutive easu er reporte i cal year , Co t • ,... o Centre Colle e it tee . ic e h the ap roval o. he ·ttee approved t e Bal prep re i repo t as, o reared b him at as his intentio to oecutive Co ittee . u eet, end recte 1 . The Committee adjourned . ...,ecretar • anvi , uc :rune 6, 1£...,Q. K l �t t or 0 - �DD 2 0 t 0 C i. u l l L o on l �2 0 t t a e el .... Peters o.s e ere 0 " - c1tiv uO it ee co ttee to aw up the le al a ers o c r~y out the cono entre College of Kentucky and Kentucky Colle for r n e of Centre Colle e of Kent cry reported that the s been taken , and thls actlon ~as approved . the e of the meet ind v ' dual trustees a pea.red efore ilton , no a. y pub c , an ac ~0·1ledged the "r sl nnt es to the ree ' ad the same as ordered to be flled n the or~ ce of the Clerk of tle oyle County Court . a e at 6 : 30 on oard took rece and et at he he invlta.t on of the Pres dent . re ' den s home for d ' nner ::'he o rd r a se r,bled in he arlor of the Pre-,.dent ' s ouse fter diner a.rd~ e follovi action on ot on o e h ' ll , vas ally adopted : , ~hat hls Boar of us ees n ~ull re co nlt on of the r obltga lons as Trustees of Centre Colle e as a Chr st:.an nst tut · on express the r purpose to stren then he ef orts be n ade by hes aff o~ the colle e tom n~ster to and care for the., trl ual 1 fe o ~he students , and �DD RESOLVED, that 1e refer to the spec al consideration of the B.xecut·v.,, Co"'llr.ittee -1-he w1.ole problem of Christian educat·on, and 1e c:rect -1-hat Committee to work out a procram that will more completely infuse the Christian spir:t into the curricul..un, the teaching and the student life of the campus . The Joard adjourned . Secretary. Danville, Ke tucky June 24, 1930 The Executive Committee of Centre College met office in Old Centre • n the Pres'dent's •,1embers present were: Nelson D. Rodes, Chairman; V. L. "'rel celd; David .,.. ..meets, i<'reder ck A. Viall s, Guy E. Wiseman, J . A. Cheek and Cnarles J . Turck . The meeting was opened vith ppayer by tr. Walls . 20th and inutes of the "lleetin;;s of the Executive Comm ttee of l!ay ay 30th, 1930, were read and approved for record. ':'he I Bills over $75.00 oresented by the Bus ness fiana er were allowed and ordered pad. The bills were as follows: tun.on ueed Company Clarke Plumbing Comp ny Cook and Durhan, A~ents Dix e Chemical Company Escott, barnett and Company C. J. Thurmond Electr c Company 358,41 114,80 199.70 126.90 300.00 300.00 Or. mot~on, tr.e follow ng resolut on conce YJ.~n the problem of' Chr stian education in the college w s unan mously adooted. WHEREAS, the Board of Trustees, raving rected th s Conunt~tee to consider th probl m of' Chr stian educat on and to work out a pro ram that rould more completely infuse -i-he Cl1-r> st 1 sp r t into the currlcultun, the t nch s nd tho sturlont lie of' the campus, and I EkEAS, we h ve had resented to us in outl ne form pl ns submitted by Dr . tiemph 11 and fir.Turck cone rn th sett1np; of o. new dep rtment of r 1 ous ork theref'or Erm. E OLVED, tr t 1 dtr c the pre funds surr~cien to employ c a le x cu be known s the vice-president o the coll n ner charge of the rel ou t who a~all also pro ent th c us of t Centre Colle e nth pulp t nd on who s 11 s~ch f'rt ndsr of h 1 ro or t f ner coll rh Comml t t e cl,1 ourn d . d n b nd �( ote : here 1 s no meeti July or n A ust . ) n ee oft e Exec tl e Co anv lle , Kentuck-y . September 23 , 1930 , Pr Te Executive Comm ttee of Centre Colle e of Ken ucky me nent's off ce in Old Centre . e bers lkeld "eor e ck . The e ln the ere: av d .. . ,ee s , Freder · ck A. a.11 · s , I . L . cRo erts , J . Rice Co an , J . A. C Aek and Charles J . va.s o ene :l i th pra. er II' . 'all s • o· vhe Executive Commi~tee o~ June 24th e inu es of tne meeti ere rad and approved for record . Bills over 7o . 00 presented by the Business ~anager l'he bills ,ere as follows : ad ordered ad . er can Profe sions Supply Co . (Biology) 3el nap o.rd~are ,fg . Co . Cal1 el~ Stone Company • Carter , Agent J . A. C. eek , ent C nc nna.tl ~clentlfic Co . (Chemlstr ) :;)urham, ents Cook Crescent Lumber Company Da.nv lle Da ' . esse er evoe Raynol s Co . ant) Far ers ply Company sher Scient:f c Company (Chemistry) La 1 rot ers (Pa ·nt .. a.ch ne) • E . Lud 1 ' ck C a.rles osenheim Co . ( • • u . Ro land Company George H. Sand (L brary lndlng) 3pencer Lens Company (Blolo y) C. J . ':'hurmond elsh Company /i.l or or tton (Sc ence ~q1p • an Su lles) • e olic o t e oard of • nd w:re , ,as , on mo~:on reni'flrmed ~tees not toe ploy and s as follows : ere allo ed 450 . 0C 141.11 148 . 46 4'84 . 58 585 . 62 112 . 89 240 . 95 243 . :31 84 . 50 33 . 92 3 cc 4 3 5.4 2 1 . ....... 2 .., .. 90 . 95 141. 00 384 . 62 242 . 35 365 . 07 oh hu and R .v L that the Boa.rd of Trustees of Centre Col.e e reaff rm its pol cy of not employ ng on its paid staff husband and ·1ife bec ause of the many co .llca ons hnt usuall r:se n the case of such ·o nt e plo nt , both ln the carr 01t of the em of he employm nt and in he terminat · on ereof . A letter from Colonel oel Gn nes of rrankfort Kentucky , concern n the establ shment of n nev department of Peace and atr ot "sm ,as referred vO Dr . Dav d ,eets t~ the request ~ha he a prov the ans ·,er of Dr . T ck • • he valua · ons of th real estate nd bu ' ldln s of the partment of Centre Colle~e ma.de by a com:, ttee cons sting of real estate men and Fr nkel and Curtls of Lex ton Kentucl , ,ere o ted as he val a ons to be used n he bookkeep o he coll e ' n he fu Th valuat ons are as follo s: �no EREAS , the pl nt n~d assets of the oman 1 s De artment of Centre Colle e iere val ed as of September 25 , 1925, as follo s: pus ~ld'r.: s Eq pment pparatus Library Total Centre Colleee GRA. ':'O"'AL 47 , 051.05 223 , 763 . 21 25 , 700 . 12 1 , 322 . 88 1,376.02 299 , 213 . 28 534,640.90 833 , 854 .18 THEREFORE , BE IT RESOLED, hat the Foard of Trustees of Centre Colle e , havin teretofor taken the t tle to all the above property, hereby plac upon t the above valuut:ons , plus such mon ys expended by Centr Colle e or he actual imorovem nt of the plants nee Centre Colle e be an there the operation of its oman's De artment n veptember , 1926. Resolut ons corcern n adopted as follows : t e de h of Jude H nry ~ . ~cElroy The oard o~ ustees of Centre Colle o~ Kentucky recor nere the r ense of profound sorro~ n death o~ J1d e enry r c lroy, of Lb non , Kentucky . e �s called o be eld in o •~ e ber , e aate to Lo e a ·or e u cretary . De. v lle , Kentuc cy oc~ober 21 , 1930 . The ·ecut:ve Co:nm tee o Centre Colle e of Kent c et n as opened ith pre. er b e Pres "dent s office in Old Centr , qn r . avid , • ..,reets . ers resent 1ere: Guy E. se e.n David . • .., eets J . A. Cheek , J . R ce Co~an ueor e. cRo erts and ea sence o 'elson . R des, Chair e.n o~ he ec t · e ot n , unan:mously ado ted Gu E . · ·· sene.n was an pro tem . ..,e e inu es o t e ee n of the Exec t · ve Cornmi tee on e ber 23rd ~ere red and a roved for record • he l ls o •er s "1 ss 75 . ere ort • s rece · ve and he follo in 38 . 09 175 . 00 . ) 24 .so . H . )204 . 6 t On J .• C ounti o 1 182 . 04 , for er at t e art en ·as re or ed by on Mot · ~n , unani. ousl ado ted , ~ e t anks of the ended to ,;r . Cheek or this enero s ac~ion on s ot o, ~he Corun ee ad:oll'ned . �25 Louisville, Kentucky November 18, 1930 . The Called meeting of the Board of Trustees of Centre College of Kentucky was held in the Kentuclcy Hotel , Loui sville , Kentucky, on the evening of November 18th. The follow i ng Trustees were present : E. L. Warr en, Nelson • Rodes , 111 lard Duffield, David • Sweets, Gibney O. Letcher, J . R ce C Frank D. Van nkle , Charles • ilner , • L. Thr l kel d, J . C , W. Beckham, Guy E. iseman, Frederick A. Walli , Robt • . W• . B1ngh , J . A. Cheek . Charles J . Turck was also present . The meeting was opened 1th prayer by Reverend David • S eets . The minutes of the meeting of the Board of Trustees held on June 6 , 1930 , were read and approved for record . The followin list of bills over paid by the Business ana er . 75 . 00 were approved and ordered 100 . 00 85 . 00 526 . 0 131 . 05 312 . 95 685 . 27 132 . 75 164.67 76.45 99 . 25 97 . 55 American Counc 1 of Erlucat on (Des) Bugh Garner (Furn ture, West Hall , • D. ) Central chool 'upply Co . (Blo ers) Central Scientific Co . (Phys i cs Dept . ) Coleman Bell Co . (Chem . 263 . 40 , Biol . 49 . 55) Danville Ice & Coal Co . (Fuel , W. D. ) Dixie Chemical Products Co ., Inc . (W . D. D. H. ) Farmers upply Co . (Fuel, c.c. ) Peaslee-Gaulbert Co . (Paint) c. H. toelting Co . (Educa on Dept . ) R. T. e ssinger Comm ttee 2 recommended Dr . H. H. Pitzer , of L xtngton , for a Trustee to take the place of Ju e Henry s . cElroy, d c On motion , una.nimously adopted , Dr . Pitzer was elect d o th s s recommended by Committee #2 . Pr s d nt Turck made a verbal r port on cond1t College, glvi the number of s udents enrolled for th as 279 men and 107 women . He also r ported oth r 1 cone rning the work and conditions at h coll e . f s On mot on of R chard P . Ernst , un n mously dop , it s d cided to hold mee 1 of tho Bo rd of Trus sin D nv lle on F bru ry 23, 1931. * Pr 's D pr 1 1 nd co dr by h u n l the pro bly cost of th 000 . thor1zed to ma v to give 250 each for this purpose . d 1 n conv e. d1nn r w s rv d nd the meal cone rni the Boord adjourned . It d cided no o hold her for no no lee Th of d h s m s on er • �anv lle , Ken ucky ecember 16, 1930. of Ken The Executive Committee of the Board of Trustees of Centre Colle e cky met in the President's of ce in Old Centre . Members present nere : elson D. Rodes, J . R. Co an, George cRoberts , Guy E. iseman , w. L. Threlkeld, Freder ck A. Valls , J . A. Cheek and Charles J . Turck . The mee 1 The 930 , was opened w th prayer by Dr . ck . nutes of he meet ng o he Ex cutive CoI:lI:1 tee of October ere read and on mo ion, a proved for record . The Bus ness lana er's repor as read . On mot on ul carr ed , one member of he committee vas appo nted to examine and ma e report on the Business anager's report before the same was presented o he comm tee . The b 11 o Cook and Durham, ins the prem um on a pol cy on the Woman's t em, ·,as allo ved for pa ent . ance ents, for 113 .45 be epartment wh ch was rene·.-;ed On mo lon a comm' tee con~i ing o . Turck, essrs . Rodes, a~lis , Cheek and ee s, was pointed e arrangemen s for a meeting of alumnl and prom nt c zens , and 1 ers 01 he state , to be held at Centr~ College for scuss he e of act of the Leg sla ure of Kentucky calli for vot he peo le on the quest on of hav ng a cons utional con on po ose a ne · Cons u ion or he a e o Ken ucky . The follo n resolut on as adopted : Resolved , tha the Pres dent ean of the Colle shall have no more han four I eks vaca o and no vacat on a Chr s mas or Easer . Th s rule ca be cha ged onl by permission of he Executive Comm tee of the Board , and h s erm ss 111 e ranted n cases of vaca ion o be spent e secre ar al staff shall ~ave no more han fo eeks' vaca on each summer ad no vaca on a Chr s mas or Eas r . A Comm co slst of Thr lkeld and Freder ck A. a 1 s asap on ed s t the far~ o,r d by Cen re Colle e Fa.e te County and re ort sat a lat r dat tot s comm ee , spec ally v h re her find rence to the pro riety of extend ng the resen lease of sad farm i'h ch has a number of years ye to run be ore s expirn ion . The Comm ttee ad·ourned . ________ , ecretar • . �DO Danville , Kentucky January 27 , 1931 . The Execut i ve Committee of Centf e College of Kentucky met in the Pres i dent 's office in Old Centre , and was opened with prayer by Dr . Dav i d M. Sweets . Members present were : Nelson D. Rodes , Guy E. Wiseman, Threlkeld , Dav d M. Sweets, J . A. Cheek, Charles J . Turck . w. L. The Minutes of the meeting held on December 16 , 1930, were read and approved for record . The Business Manager presented his report . bills , amounting to $1,600 . 04 , were allowed paid: R. T. Weissinger Danville Ice and Coal Co . (Coal) Farmers Supply Co . (Coal) Hammer Printing Company & o. s . Co . (C . C. Magazine and News Letter) McNitt's Inc . (Promotion) J . D. Durcell Co . (Dishes , etc . ) The following six $157 . 55 486 . 81 430 . 03 165 . 45 210 . 32 149 . 88 On mot on, unanimously adopted, the question of a new dormitory was postponed indefinitely on account of the financial situation at this time . On motion, unanimously adopted , the treasurer was authorized to sign the name of Centre College of Kentuclcy by h i m as treasurer as surety on a note for 2,650 given by the Athletic Board of Control, nd pay ble to the Citizens National Bank of Danville , Kentucky, nd also to s ign the name of Centre College of Kentucky by him as treasurer as surety on two notes to the Farmers Nat onal Bank of Danville, Kentucky, one note be ng for $900 and the second note for $1 , 000 . 'I'b.e last note of the two bein for the payment of salaries du Febru ry 5 1931 . The Committee adjourned . ------- , Secret ry Danville, Kentuckv P bru ry 23, 1931. The Executive Committee of Centre Colla e of entucky mt in th President ' s of ice in Old Centre . Reverend Wm . L. McEw , r du t of the Class of 1882, bet present with he committee, Op n d the me lng with prayer . Members prooent were: Nelson D. Rodes, J . R. Cow n, Fred Wallis , W. L . Threlkeld, J . A. Ch el<: and Ch rles J . Turcl . The and approve tck A. tnutes of them eting held on J nuary 2? , 1931, w re r for r cord . d Th Commit.tee resolv d itself lnto a comm t e of thew ole and tnfor lly discussed con lttons exi t1ng in Centre Coll e hen Dr . �s as udent and other ma ers o n erest, bu no re ort of he ana er was called or, and no orma act on o he Comm ee a on an oh r ma~ er exce the ap ro al o~ he M nu es of the meet of January 27th , as stated above . The Committee reed to meet one of comple 1 its business . eek la er for the purpose _______ , The Comm ttee adjourned. ecre ar . anville, Kentucky . arch 2, 1931 . Some members of the Connn tee me , but as there vas no quorum present , no bus ness was formally ransac ed . --------, Secretary . Danville , Kent cky . ch 1 1931 . e ecu v Coi:nn t e of Centr Coll the Presldent's f f c n 0 C n re and was • J . A. Cheek . embers David . • S•.·,ee s, met i n b resent ere : elson D. Rod s ·v. L . Threlkeld . R ce Cov,an, J . A. Cheek and Charles J . ck . The ,, inutes of the meet and approved for record . The follo1ing bills over of February 2 1931, were read 75 . 00 vere allowed for pa Danv lle Ice and Coal Co . (February coal? I . •) Farmers upply Co . (February coal, C. C. J E . ~. Stephens Publish Co . (1931 ca alo ues) Danv lle Ice and Coal Co . (January coal W. D. ) Farmers Supply Co . (Jan y coal, C. C. General B ological Supply Hose (Bolo y) at the The followi resolut on abo oman's Department as passed: the se of h en 223 . 11 283 . 28 670 . 00 270 . 98 350.34 81.50 SW mmi pool Resolved, that the se of the sw mmi pool at th Voman 1 s Department duri the coll e year shall be restri ted to students and f culty of the om n's Departmen . The Connn te ad ourn d . _________ , cret y. �Danville, Kentucky April 21, 1931. The Executive Comm ttee of Centre College of Kentucky met in the President's office in Old Centre. embers present were: Nelson D. Rodes, w. L. Threlkeld, Frederick A. Wallis, J. Rice Cowan, Guy E. Wiseman, George tcRoberts, J. A. Cheek and Charles J. Turck. The meeti was opened with prayer by • Wallis. On invitation from President Turck, Mr. J.C. Caldwell and Mr. Logan Caldwell, representin the Athletic Board of Control, were present to confer with the Executive Committee about the finances of the thletic Board. A proposition from Tamblyn and Brown concerning ralsl for endowment was presented by President Turck and the ollow was taken: money act on RESOLVED, that the Execut ve Committee of the Board of Trustees of Centre Colle e authorize the President to request Tamblyn and Brown, Inc., to submit pl ns and a bud et for a q1iet, lon continued movement amon prospective onors and friends of Centre Colle e to a se 750,000, of whtch 650,000 shall be added to endovment and 100,000 shall be used to erect two dormitories for men. It is understood that Tamblyn and Brown, Inc. make no charge for this lnit al s vey and report, and that the college is under no financial obligation to the Company until a proposlt on from the Company s submitted in writ! to th Board of Trustee of Centre College and accepted by sad Board. The followl action lnviti the members ot the Ex cutiv Committee of Schools and Colleges of th Synod of Ken ucky U. s. nd h Commtttee of Christin Education of the Synod o K ntucky U. • A. as adopted: REuOLVED, tha we nvlt he members of h Ex c tive Commlttee of cbools d Coll the Synod of Kentucky, U • • and of he Ca of Christian Education or the Synod of Ken to become he members of the Cen ol Council on R 11 ton and orals, r q hold q rly me ins Jointly or rom th Ex ve Connnttt f th c e, dv sable. pur o thi ol un te m o y h Synods and t The Pre l n w Coin 11 or m et Th follov n" bl ov r '75.00 llo or poym n �~0 Cook and D ham, a ents (F re ns • • D. ) Danville Ice & Coal Co . (M coal, w•• ) Farmers Supply Co . ( arc coal, c. c. ) Tevis & In ram, Inc . (New st e, • D . ) 306 . 04 305 . 91 419 . 92 141.07 The Connn ttee adjourned . ------- , Secretar-v . Danville, Kentucky ay 19, 1931. The Exec tive Committee of Centre Colle e of Kentucky me in he President's office and as opened with prayer by tr . J . A. Cheek . • L. T embers present : elson D. Rodes , George • McRobert s, elkel , J • • Cheek, J . Rice Cowan and Char es J . ck. hem nutes of the meeting of April 21st were read and approved for record . • Lockwood , Vice York C ty, e w th the c s ve ade by h s rm of he propos h n Tamblyn an ent of Tamblyn and Brown, of e presented a prelim nay w h h COilll'!li tee the na ure r st es b h h rm o n motion , unanimously ado ted , .rs dent Turck as author zed to send out to the members of the rloard of us ees the name of Hono able James c. tone for the honorary degree o LL . D, and he name of the Reverend John • Carpenter for he degree of and also Rev . James ayman Clotfelter for he de ree of D. The follov ng reso u on was adop ed on suP,ges ion o Presi dent Turck : Reso lved that this comm ttee ask he Pres dent of Centre Colle e to :o,ork ou a system of house moth so var ous fratern ty houses and possible arrange or a house mo her for he men 's dorm ory . and a A communication fro~ the Athletic Assoc ation was as ordered fled . The Comm q:30 o' lock . tee adjo resen ed , ned to meet on Monday even -------- , lay 25th, Seer tary . Danville, fen ucky May 25 , 1931. he Pres The an' ecu o lemb rs Co :-,an, Guy E . J . Turck . e o r : N ls on • R s, Geo Frederick A. allis , J . Ken ucky me r . ck . ts . R e and Charl s t �261 The Pres e c financial con ition o~ dulged in an informal and of the college . 1 a t~n on o he Comm tee to the c Assoc a on nn he Commi ee inof the finances of this Association On motion, unanimously adopted, the Treasurer as authorized to have prepared 25 , 000 Centre College debenture bonds paya le thre ye rs after date bearing interest to be agreed on not in excess of 6% per annum . These debentures will be callable after two years of heir date at par and interest on any coupon maturity date . hese debentures will have coupons attached and the interest will be pa a le s m annually in Danville or New York as may be agreed on bet,een the Treasur r of the college and the purchaser . The authority 1a iven to the chairman of the Executive Committee, Nelson D. Rodes, to sign the corporate name of the college to these debe ntures by him as chairman of the Executive Committee , 1th the distinct understanding that there s no personal liabili y incurred by him in thus.signing the name of Cen r Coll e of Kentucky to these aebentures . t st The ecrotary of the Board of Trustees is author ze to these debentures and J . A. Cheek, as Treasurer of the colle e, is author zed to s gn the coupons hich are at ached n payment o~ he interest accru ng on them . The ecre ary is also author zed to attach the seal of the colle e . The Committee adjourned . ________ , Seer ary D nville, Kentucky. June 5 , 19:31. The annual meeting of the Board of Trust eo of Centr Coll of Ken ucky as held in the Library bulldin of he coll a e P. In the absence of Dr . Charles R. Hemphill, Pr s1dent of Board, them eting was c lled to ord r by Dr . Charl s . T ck, dent o th colleg, and was opon d wit.h pray r by D, av d M. In th absence of Dr. Hein hill, 1r. el son D. Rodes, as c o. rman of th Exocu tve Comm t eo, ac d s chairman of I Board . On mo on of Dr , Turck, unnn mousl lsa I abel C ldwell, was elec ed assistant of Tru t, es to tak th Unu s of h m e follow H. H. Th r trus zer se , n Guy E . A. • pr and Dr . J . C cal er n by : h Ide, Cha n, J . seer h ary , o rd n, h ush, ick 0 �The inutes of the called ee ing of the Board of Trustees he din Lou sville , Kentucky on ovember 18, 1930, ere read and approved or record . filed . Dean of ean Frank L . Raney read his report and same was ordered r . James H. Hewlett , Dean of en, and iss ildred cAfee , omen , each read a report and same ,ere order d filed . he report of President Charles J . Turck follo ed by a short discuss on . as read and as ~ . ilton • Durham, notary pub c in and for Boyle County, Kentucky, bei present , administered the oath of office to the follo i trustees hose terns of off ce exp re n 1934, the h.av ng been prev ously elec ed in June 1 930 : E . L . tarren , 1elson • Rodes , Will ard uffie d , David ·• Swee sand George A. cRoberts . • Gibney O. Letcher of th s class was not present . The oath of office was also adm nistered o Jude A • • J . Cochran , who was elec ed o he Board of ustees on June 6 , 1930 , and to Dr . H. H. P zer , who was e ec e o he Board on '{o ber 18, 19 0 . Tne r or ordered fled . o he us ess u rus ·unn, as rea and The Trea urer , J . • Ct.eek , presented his report and also he report of the auditors, ~scott , Barnett and Company , sbo ing hat all securities had been checked and found to be in their pro er 1 ce . These reports vere discussed by members o:.' he Board . Mr . Cheek requested that the du ies of he Bus ess anager be more clearly def ned , espec ally wi h reference o the ap.roval of the bills of the Centr Colle e d n n hal befor aymen of same . Th s request was, on moti on of enator Ernst, referred to he Execut ve Committee th power to act . enator Ernst made a motion ha the Board ha e a f 11 tng n he fall , at a ime deeded upon by the Presiden of h lege in add tion to the annual rr.ee of th Board n June . mot ion as unanimously ado ted . On motion of , • Frederick A. tallis a ro• d dent Turck as d rec ed not to decre ase his owns 1 , 0 0 a ear as he had offered to do n h s report to Pre allls made a mot on leaflet of h s report on con sa.rr.e o nterested rends and al as no aced upon . "' 0 s E . '"'c-.-1 o he Board , b Board . ck Cen lle he collep:e . ed Pres n 1u Rodes and h s mo her , college upon t:he cond tlon 10, 000 v thin tJo years . ee colTh s he colle ctlon vas taKen . he President T ck presented the nam s of the members of the graduating class as submitted to him by th an he de re of Bachelor of Arts was conferr d upon the men and ,om n: �D oman 1 s 63 apartment Tavner Jane Adams Irene Saunders Bohon Sara Lee Coleman ary Keith Cornelison Gertrude arie Germann Lucy Byrd Hayward o.llie Hayward Mina Rae Jones Laura Alma Latta Margaret Pearl Lew s Daisy cCoy Elizabeth Bosley arshall Laura Estelle oye Ka herine Talley Men Bert Baggiore 11 ton Barksdale Clem Bininger Richard Bourn Edward P. Boyle Kermit Brigance Richard Caywood iilli Edwin Clark Henry Edmunds Coleman Thomas Crawford DAlph n ar 1 Errd LP Eisol Ro ber t cCurdy Elr ck *Harold Funderburk Walter Hugh rabruck George Lorimer Ureene Reginald Franklin Hopkins Thomas Jefferson Hounshell James Isham Edward Alva Lawrence Corn lius Lewis Louis Linney Alvin Elbert Lo treth John Robert ay John Risk Meek Cecil Inman Moore James Sevier Myers Homer Neikirk Robert Thomas Owen William Hector Owens Eugene Pinson Michael Sayers Mason Schoolfield aur ce Ches er Shearer F erick J . Sherman F. lman nos S rn n ob~rt ruce addle dam Pence alker Paul allace illinm Averitt Weatherford Delos Donald ,ickens Vallance Alber ck ns J s Goodw n ilson Houston Lawrence ood Robert Shaw Wright Georg hompson Young *Finished ork for graduation but was not giv n diploma becaus ndeb edness to the college. On motion, unanimously adopted, honorary de r as follo s: s of re conf rr d Doctor of D viti y John esley Carpent.er, H rrodsburg, Ke1 ucky J ms aym n Clotfelt r, Paris, Kn uc Pr ent, Ro •ell, pon whom Board of ry sug s Pr s d en Turck submitted a pc rl that the Bo d tak no ac ion di cussion of the r port . 1 report on t this time, nrl r n �6 • Charles \ • 41lner made the following mo ion, unanimously adopted: hich as oved, that the Pres dent o Ce re Colle e be authorized to g rant additional scholarsh ps sufficient to cover the increase in tuition charges (from $150 to 180) next year to needy and worthy students. On mot ion of enator Richard P . Ernst, the follo as unanimously adopted : resolution Resolved , that it is the sense of the Board of ustees of Centre Colle e that we continue to support o football team and that we have no tho ht of discontinui int rcolleg ate ootball . Comm ttee #1 recommended that Richard P . Ernst, J . R ce Cowan and Robert orth Bingham, whose terms of office as trustees expire th th s meeti of the Board , be re-elected for a er of fb ears, ex ring 1935 . o Comm hose the Board , nlde, II s co,,,,," ren t ot- o"'L' ce as - elec e or a e 0 Committee #3 reported t1at the alumni had recommended Charles ilner, whose terms of office as trustee expires 1th this meeting of the Board , be re - elected !or a term of four years , expiring 1935. On mot ion, unanimously adopted, the s x tr stees who were nom nated by the three connn ttees were elected for a term of fo yea.rs , expiri 1935 . On motion, unanimously adopted Dr . Charles R. H h 11 was re-elected Pres dent of the Board of Trustees of Gen re Colle e for a term of two year s. On motion , unanimous ly adop ted , Secretary and Tr as er of he Board of a term of two years . • J . A. Che ek as re-elected ustees of Gen re Colle e or On mot ion, unanimously adopted the members of the Exec tive Cozmn ttee as named in the catalogue wer re-elect d or tr o wo ears , as ere also the members of the co ttees oh than the Executive Comm ttee . nd ThA Board ad ourned to tak inner at the Pr s dent's house or further meeting after d nner . After n r h of • lson D. Roos a diplomas s thP. act n pres en o presid ent was directed to send nes president of the Boar , and io hi.I' . llness from a ttendi the meeting . On mot ion, the Board adjourned . a he a horizat on to sin the o Bo The of sympathy to Dr . Hemph 11 , lkeld wbo vere preven ed y ________ , ecre ar • �Danville, Kentucky July 21st, 1931. The Executive Committee of Centre College of Kentucky met in the President's office in Old Centre and was opened with prayer by Dr . David M. Sweets. embers present: Nelson D. Rodes, David t. Sweets, George f.cRoberts , J. A. Cheek and Charles J. Turck. The Minutes of the meeting of the Executive Comm ttee of ay 25, 1931, were read and approved for record. The resignation of Burrus Munn as Business Manager was accepted to take effect June 15, 1931. fir. Herbert A. Meyer was elected Business Manager, effective from June 15, 1931, at a salary of 1,800, payable monthly as other salaries are paid. The premium on Mr . Meyer' s bond is to be paid by the colleg e. was Dr. Turck~requested to answer a communication concerni ire insurance set out in a let er ro the R chardson Agency for Insur nee Company , D nv lle, Kentuckv . The followin resolu on concern n Department was unanimously adopted: rama cs at he Varn n's Resolved by the Executlv e Committee of the Boa.rd of Trustees of Centre College, meeting at the college on July 21, 1931, that it is the sense of th s comm tt e that the play, "The Ghost Pledge", presented by the Centre College Players at the 1931 Connnencement, violated the standards of good taste nd propriety that ought to prevail in a Christian colle e; that the repeated use of prof nity was extremely offensive and that some of the love passages violated good taste. Resolved further , that the President of h colle e, to ether with the Dean of and he en of Women, be constituted a special comm t e tor ad th m nuscript of any play hereafter to be perform d by the Cen re Colle e Players and th t no ply shall b thout the approval of g ven a public performance th s committee. President Turck reported the followin personnel , which werA unanimously adopted: Dr . fe ver, Mr. Burns ch es in h coll ducn on nn econom c .1r. unn, r n on to ?.r . H r r publicity emistry nd ph sic r. lson r slgn d. Place not to • Ed rd Fla i g , librnr1 n, died. f111 d th1s yo r. hrs. Hose Harr ll, d et1ttnn, men's dint hall, r s n d. Lea e to be approv d wi h Mrs. Rob rt: Kinn 1rd. . �66 lss y Cortner , professor of music, res gned . s . Jay Harlan , to be appo n ed professor of music (vo ce) aranteed imwn salary of 700 . 00 . s . lorence Hawkins, to be a p ointed professor of music (p i ano) aranteed minimum salary of 700 . O. ss dele Logan , instructor in organ and Fr nch (includ ng ser•ices as field representat~ve) , salary 1 , 620 . 00 le ss 420 . 00 for board . been a po nted business mana er r . Herbert eyer hav of the college, e fee ve June 1 5 , 1931 , he follo i resolution unanimously adopted : as Resolved , that a uthor i ty be iven o • Herber eyer , business mana er of Centre Colle e , o s gn all documents in connect on 1th the receivi and using of tax free alcohol under Tit l e III of the ational Prohibit on Act . This au hor y was ran ed as of June 1th, 1931, so as o com lv h he req iremen so the • s . overnme he nd ordered ollo 1 aid: 9 o b lls n e ess of 75 . 00 Belknap Hardware Lo ., Lo~ sville , Ky . Bourbon Lumber Co , Paris , Ky . Danville Daly essenger Danville Ice and Coal Com any Escott - Barnet & Co ., Loui s ville Ky . Farmers upply Co . Gen ral Radio Co ., Cambr de, ,.ass . Goodwin others , Lexington K . Hnrco t & Company , Louisvill e Ky . Little i tain Company E . R . oore Company, Chicago , I l l . The utcliffe Company , Loui s ville , Ky . ere ap roved 110 . 69 184 . 49 171. 25 41 5 . 45 300 . 00 141 . 20 394 . 65 246 . 50 2 1 . 69 95 . 42 236 . 90 195 . 42 The bills 1 sted below hav a ~ead been approved by the Comm tt e b t have additiona 8..llloun s added s nc th st a proval . Thea ariounts are in cated in each case . Hammer Print Compani , Lou sville , Ky . Prev ously a proved 1165 . 45 d tonal 64 . 55 J . D. Purcell Co . , Lex l'lt ton K • Pr ous pp oved 14 . 8 . A ional 12 . 5 A mo Comm t e 11 bills Th Comm a o rn for a p oval _________ , ecretary . �)0 Da nville , Kentucky August 25, 1931. The Executive Committee of Centre College of Kentucky met in th-9 president ' s office in Old Centre . embers present : Nels on D. Rode s, Ri chard P . Ernst, J . Rice Cowan, George McRoberts , J . A. Cheek and Charles J . Turck . The minutes of the meeting of July 21st were read and approved for record . The report of the business manager , Herbert A. Meyer, was read and the following bills were approved for payment: H, L. Briggs , Agent Bunton Seed Company Bryant Hardware Co . Caldwell Stone Co . ~ . Hickman Carter , Ae;ent Central- Scientific Co . Chestnut-Sailter Co. J. A. Cheek, A ent Cook & Durham, A~ents H. Coomer Danville Greenhouses Danville Laundry Devoe - Ra~olds Co . Dubois Soap Co . R. F . Johnston Paint Co . Kentucky Advocate National Congress of Parents Nichols & Letcher , ens Clarence R. Sm th, Co . Tropical Paint Co . ': Jelsh & Co . Will Corporation $181.50 32 . 50 55 . 00 68.86 47 . 60 55 . 94 45 . 42 496 . 20 212 . 12 99 . 45 25 . 00 48 . 67 235 . 02 49 . 05 25 . 20 & T 32 . 50 32 . 00 119 . 00 40 . 87 47 . 30 595 . 00 137 . 48 achers Woman's Department Dining Hall for Conference : Bl e Grass Market Danville Bakery Martins Sanitary Grocery Anderson & Spilm n C ntral Wholesale Co . Danville Laundry Purity D iry wts n1t ary Milk Co . $131.25 30 . 00 64 . 79 15 . 70 181 . 34 23 . 84 50 . 42 66 . 87 On motion of enator fl1chnrn P . Rrn t the pr n r thor zed to havP nAv on o ~1 l01n s mn e nd m so t.h 1 co 11 chan e from e pr type carrying co-tnsur nc cl u o p of r t 1 n:rnr9.nc • The pre l<ient was f urther u.bhorizod to ppoint a comr.ittt o mak these o.rra men ts, of which i\U'. Ch ek nd • Turck would be members . Th pre3ldent m de an or l st tement as to th the college when h co.me nd ts pre~ nt s tunt1on . cond tion of �twas reco ende at t e pre dent , ln takl notes fo r deferred tuition should take the otes wlth he no.me of one paren or gu r an secured ln addition o the student's nam . The pre3 dent was d ~acted ta dra up resolJ ions n r ard to the dea ho • Edwa d ? • Warren . These resolut ons are as follows : The Board of Trustees of Centre Colle e of Kent ky desires to record i s profound sense of loss n he dea h of Reverend Dr . Edward L. arren, who serve as a+ us e o Centr College from 1886 to 1891 and a an from 1896 until h s death on Th sday , A us 13 , 1931 . 0 Dr . ar en ,as one of he most d sti shed radua es of Centre Colle~e . His acade c ed ion was cont nued at Princeton Un vers ty and he erst of Ed nb gh, and he ·,as orda ned a min er he Presbyterian Church in 1877 . For nearly a arter of a century h as an active or and for the follo t enty- fo years he ,as l b t ville ~heolo ic a l eminary . ~or he 8 od of Kn uc e ral As sembl. or Sa es o mer'c~ . he ou ard ev once o es ause of Jess ~hrist , but even more ive of hls loyalty t o hls aster wash s unfai i devotion to the insti utions and the arsons that e held closest to his heart . ta , the members of the Board of Trust s of Centre Colle e , some of whom have knotn Dr. arren for more han a half cent and all o whom ha ve ad~ red h s s er ng charac er , esti y too gra tud or h s lo years of service to h s Alma ater , and ex end o sine re sympa hy to h s bereaved brother ands ster . The president as d rected o send a letter of sympa hy to • L. Threlkeld from the comm ttee . :r . Nelson D. Rodes a attorney for the colle e , sked the comm ttee wha shoul be done as to th cla of the colle e aga net the estate of John A. ui enberry , decease for 2 , 500 . 0 . _roe he nstitution o 1 al proceed ngs, i was tho h adv sale or the pro dent of the colle e to have an n erviel w th • s . ohn use berry . Th a hle ic th method of ss n debt of the coll e was d sc ssed and on mo ... on 25 , 000 Cen · Colle e d bent no+es was approved . ,as C Th Comm tee ado e 0 C t ve Com- s pt mber ned . ecr ry . �2 9 Danville , Kent cky . September 22, 1931 . the Pre he ~,xec VP Co~ Pe o Cen dent's of ce n Old Centre . P Col lP e o Kentucky met in embers present : elson D. nodes , David • s,,eets, George cRoberts, J . Ric e Gowan, J . A. Cheek and Charles J . Turck . President Turck made a statement about Miss Sarah .Vilson , a student at the fornan ' s Department, ho is a niece of .tr . R. L. Snow, and who desired to room with her uncle and attend the :o ,an 1 s apart ment . The request of the President was granted , but the rule requiring that all students at the Woman's Department residing ou side of Danville must be in the dormitory was reaffirmed . Furthermore , permission in this case was given for only one year . The business manager , Mr . Herbert Meyer, made a verbal report and presented the following bills, which ere , on motion , allowed or payment: Armour & Company Baler Tent & Awning Company G. S . Blakeslee & Co . Coleman & Bell Co . Danville Greenhouses Dubois Soap Co . The Grasselle Chemic 1 Co . H. J . He nz Co . Charles Irw n Co . Lab Co . Lou sv 11 Santt ~v Su lv Co . L. H. Parke Co . • Trump rothers Hubber Co . Jas. earson & ~on The elig Company L. onneborn ' ons tnc . Tropic 1 Paint 011 Co . 88 . 34 37 . 00 48. 13 53 . 55 35 . 00 26 . 75 42 . 72 43 . 76 51 . 06 36 . 48 3A . OO 42 . 50 40 . 50 31.26 30 . 75 40 . 92 25 . ,50 The Pre ident requested the Exec 1ttv Conunitt e to llow r . 111ams, of W 111 ms Company, to ko sta ement o h Comm t e of h s plans for conduct! a financi 1 campa1 n for coll o and st1tutions of a simllnr char cter . This was rant d and Mr . lllruns was pr sented to the Committee, but no action w s t ken . Mr . Clel Coleman appearod before h Commit to h Clel Coleman schol ship , wh ch ~as a schol rsh Un varsity at Richmond and or which 1 , 000 wns th schol rsh1p nd of th t institution . Thi o Pr dent Turck for 1nvestlg tton . ns as l of d The Cor:untttee adjourned . er t r • �Da.nvllle, Kentucky .$eptei:iber 29, 1931 The !'xf'!cutlv1t Co"1::'11t+,..,,, or <'1t...,+r .. Collef"f'I or Kentucky n,et at tbe Pres1rliint ' "' o""lcf'I 'n 11" ,.,mt:- ... . ii.embers present: Nelson 1.;, Hode11, tttcb.ard P , U"nst , David M. ::;weeta, J . kiee Cowan, Veorge )icrtoberta, J , A, Cheek and Charles J, urck , The ,i:eet1ng was opened wlth prayer by Senator Ern1t , The Minutes of the ceeting or the E!xeeut1ve CollU!l1ttee held on ->eptember 22 , 19~1 . were read and approver! for record, It was deC'ide d to have a :-eet1ng of the Board or Trustee• and motion, the date or this meeting wui left with Pres1dent Turck to )e fixed by hlm , ,n Dr , J . Rice Cowan made an orrer to pay the axpanaes or an arch.lt8ct to lf!aka 8Xanlnatlon and report on Breckinridge Hall , which , on motion , wa:s accepted . Pre:ildent 'I'urck noti.fied the co=ittee of the death of Dr , Charle• Crah!l.t:I Crooka, who died September 28, 1931. On n:otlon, the following reaoluti-an:s were adopted, which we-re to be spread upon the 1nute book of the Board of Trustees and a copy or the :Sl!lJ!le to be furnhhed to his relative• : The -Board of 'l'ru:stees of Centre College of Kmttucky record f"er-e their ... ,,.ri sen:se or loss 1n the death o~ the beloved f'i•,.1n ,.,,. H,,. coll"""• nr . rh1trles CrahaM Crooks, For twent:v-.,rvo,n ""'nrs hf'I w11s rro,.es:sor or '11&.'::hoCltlttca In -::entre le;re and ror fifteen voars ':leforl" he had taught t'latb.er.iatice at Central llnlverslty. He was ono of the great that united the two institutions and held top:ether in mutwal e11teeci the gradwates of both scb.ools , I Dr. Crook• served Centre Collep:e es teacher, re1>lstrar, dean and acting president , Ee presided over the institution tn that crit1ce.l year or 1926-27 , when the Woman's DepartC1ent waa firat openod and by hia wisdom and executive skill ho started the college along tho road of widened use fulness. He was a grent 11.d11inlfltrator, but above all thinr:s else, '18 waa the great teacher and the great friend . Our institution••• wee.kenod when 111 b.ealth forced hl:n to resign hh active duties in the fall of 1928, but he continued to l"ive of hle strength to the colle"e and was enpa.;ed in the preparation of an 11.lW1U1.l cato.1011:ue &.t tb.e tin:10 of hill death , Dr, Crooks wo.11 a true Chris tan p;entler:ian . He was modest and fa1thl'ul. Ho was e,arnoat and aincero . He served a r,reat cause in a great way, and hla influence long arter hla going will enrich the ap1ritual l tre or our o!lmp 1.u1 and challenp:e the college which he loved to a pro,'fraa or Cb.rlsttan education th.at will make real and potent 1n l!ltudent life the very mlnd or Christ . I �to h.1e memory, and the Secretary is directed to send a copy of these reaolut1one to h1_a relatives. On motion , unanimously adooted, the business manag;er was instructed to pay over to the estate of Lr . Crooks the retiring allowance for tbe month of .:)eptember (f)l29.16) and the Treasurer wae instructed to pay the annuity for three months, ending October 1, 1931, which latter amount waa $75 . 00 . President Turck reported the gift or $1,000 sent by llra . Lucas Brodhead, or Versailles , Kentucky , who in her letter sending this gtrt asked that lt be used in the way suggested by President Turck. President Turck recotn111ended that it be used for current expen~ea for the year 1931-32, which was approved by the committee. President Turck also reported two additional glfts or $5,800 each made by Senator Richard P. Ernst and Mr . J . A. Cheek, which gifte were to be used in reducing the deficit of Centre College for the year ending May 15, 1931. The Committee adjourned. _ _ _ _ _ _ _ , Secretary. Danville, Kontucky October 29, 19:51. The called meeting or the Board or Trustees or Centre College of Kentucky was held in the President's office in Old Centre, and. waa opened with prayer by Senator Richard P.Ernst . Members or the Board at Trustees present were~ Richard P. Ernat, J. Rice Cowan, H. H. Pitzer, Frank D. Van Winkle, Guy E, Wiseman, J . A. Cheek, Belson D. Rode•, David II.. Sweet• a.nd George A. McRoberts, On motion, lt was agreed to postpone the reading of the Minute• or the meeting or the Board or Trustees held on June 5 , 19:51, until the regular meet ing or the Board in June, 19:52. On motion, unanimously adopted, the following resolution concerning college fraternities wae adopted: Resolved, that each rraternlty sha.11 designate one member or the faculty, who may or may not be a member or the rraterntty , B.l!I lte raculty adviser, •ubject to the 11pproV'R1 or the collel7e , The C,uties or the rAculty ac1v1ser shall incluo1o at lenst one visit each week to the house and a monthly report to the college. Any condition• that require i nuned1ate attention shall be llllllledia.te ly reported to the collega . The faculty adviser shall take at least one meal ea.ch month at the house e.nd shall, in connection with the honorary house mother , be responsible for the chaperonage or all social functions involving the house of the fraternity. �On motion , he follo~ ac on concern of the college over the fraternities as a opted : nJ he j s c ion The Jurisdiction of the college extends not only to the campus and the dormitories but to all places of student residence including the frater nity houses, and it affects students of the col lege wherever they are when they act in such a manner as to bring discredit upon the colle e . President Turck requested the Board of Trustees to invit e some members of he Faculty and some representative students to meet the Board in coni'erence . This resulted in an informal discussion of some matters of interest between the Faculty and the Board , but no official action was taken by the Board of Trustees at this time . The Board adjourned . ________ , Secretary . Danville, Kentucky October 29, 1931 Executive Hall . e o he Boar of Trus ees was adjourned, the o 1 Y n ky met in Breckinri e Members present were: Ielson D. Rodes, J,Rice Cowan, Richard P . Ernst , George c oberts and David • weets. Dr . Charles J. Turck, President of the college, w s also present . I The following list of bills in excess of $25 . 00 was presented by the business manager and were approved for payment . Belknap Hardware & Mfg . Co . Bryant Hardware Co . Central Scientific Co. Coleman & Bell Co . Chestnut - Salter Hardware Co . Clay-.dams Co . H. Coomer Crescent Lumber Co . Danville Daily Messenger Danville Greenhouses Mary C. Feland, ent Ginn & Co . J . I . Holcomb Mfg . Co . R. F . Johnston Paint Co . Ludwick Machine Shop w. O. McIntyre, ent B. Merion Shields Clarence R. Srn h Co . s an o. c. hurrnon , ""'l tr tan R. T. "e ss er W 11 Corporation Th H. w. M lson Co . $ 43,19 167 . 59 523 . 93 247 , 95 116 . 26 59 . 04 47 . 40 142 . 08 43 . 50 35 . 00 61.85 29 . 46 54 . 25 47 . 37 122 . 77 43 . 50 34.56 37 . 20 3 . 58 202 . 87 50 . 00 72 . 47 44.02 I �The Committee adjourned. I ________ , Secretary . Danville, Kentucky November 17, 1931. The Executive Committee of the Board of Trustees of Centre College of Kentucky met in the President's office in Old Centre. Members pre sent were: Guy h. Wiseman, David M. Sweets, George A. McRoberts , J. A. Cheek, J. Rice Cowan and Charles J. Turck. The meeting was opened with prayer by Dr. Sweets. The Minutes of the meeting of the Executive Committee of Septmeber 29, 1931, were read and approved for record. The business manager presented his report, and the following list of bills were approved for payment : American Council on Education (Dues) J. A. Cheek, Agent Crescent Lumber Co. Danville Ice and Coal Co. Denoyer-Geppert Co. Difeo Laboratories Farmers Supply Co. General Biological Supply House C.H. Stoeltlng Co. Tevis & Ingram, Inc. R. T. Weissinger Welsh-W seman Co. $100 . 00 378.68 28.98 608,31 40.25 26,22 654,45 29,55 38,12 148.01 36.80 372.57 On motion, ,manimouslv op er, he following resolution was pas sed and the prestn nt was 1nstructen to forward a copy of the same to Governor Flem D. ampson, Fr nkfort, Kentucky . Wlili!{lW\S, it has come to the attention of the Executive Committee of the Board of Trustees of Centre College that an effort is being made to persuade the Governor of this Commonwealth to pardon one J. H, DYICES, duly convicted of the crime of running a gambling game ln a building on the main street of the city of Danville, whose conviction has been sustained by the Court of Appeals of this state; nd WHEREAS, the l~w-ab1ding citizens of this community er- nestly desire the enforcement of all the 1 ws, including the laws relating to gambling, and feel that such enforcement will become a mockery if this person, convicted after a fair trial, should be allowed to go free without having served more the.none day of his three year sentence; and WHEREAS, we as trustees of Centre College a special interest in this matter because we are uno r obligation �,y-4 _, I to the fathe r s and mothers of the young men and young women who come to Danville for their college work to see that gambling games and other vi cious establishments are not allowed to operte in Danville, and that offenders against the laws shall be prosecuted and punished, THEREFORE, BE IT RESOLVED , that e urge upon the Governor of Kentucky to recognize the importance of allowing the law to take its due course in the case of J . H. DYKES, and to consider well the danger to which our community will be subjected if this man's release without adequate punishment be permitted . We call upon the Governor to sustain the effective work that has been done for law enforcement by our prosecuting attorneys and the jury in this case, and we protest against any action by way of commuta on of sentence or release or pardon tha oul a~ t e ask o law enforcement in Danville more d ff cult. (S I ned ) The ecut ve Committee o he Board of Trustees of Centre College of Kentucky By Charles J . Turck, President , Centre College of Kentucky . On motion of Dr . Cowan, it was decided to retain Breckinridge Hall as it now is and defer action on any plans for its improvement to a later date . On motion, the following resolution was passed: Resolved, that we authorize the president to select a special committee from the alumni, not less than six and not more than twelve, who will agree to visit the college during the coming year, each one at his own convenience , and then draw up, jointly or individually, a report on college conditions and needs for the information of this Board at its annual meeting in June, 1932 . I The president selected the following committee : Mr . Jay Harlan Dr. Horace Ca '"!r • John e c i On mo on, uly a to Ne~ York City to meet lson Mr . Robert Caldwell Dean T. A. Hendricks of . J . • Ireland rove, Dr.T ck w s a hor zed of colle es of Lib al ts . o go The president requested the committee to allow Dr . Joseph McCurdy to appear before the committee and make a statement concerning matters in which he was interested . This request was granted and Dr . McCurdy appeared before the committee . The action of the committee was written out by President Turck, and is as follows: I � Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees Description An account of the resource Minutes from the Centre College Board of Trustees. The Centre College Board of Trustees collection was compiled from a mass of papers found in various campus locations in the early 1980's. Since no clearly defined subdivisions existed, the material was simply divided by type of document, assigned a series letter, and then arranged chronologically. Series A, approximately half of the collection, consists of correspondence to, or from, members of the Board and the secretary and financial agent/treasurer, who served as agents of the college's governing body. A significant percentage of the collection deals with fund raising efforts by Centre, and efforts by the financial agents to collect on subscriptions made to the college. Other prominent subjects include: The Kentucky School for the Deaf (then known as the Deaf and Dumb Asylum); efforts to select presidents; faculty relations; consolidation (and aftermath) of Centre and Central University (Richmond, Ky.); consolidation of Centre and Kentucky College for Women; Carnegie foundation grants; and erection of college buildings, particularly Old Main, the "new" Boyle Humphrey Gymnasium (Sutcliffe Hall) and the old octagonal Sayre Library. This collection of correspondence is largely a "patchwork" collection and by no means covers all the vital issues tackled by the board since its inception. The correspondence, for example, from the 1820's to the 1850's is quite diverse, while the correspondence from the 1860's deals almost exclusively with efforts by the financial agent to collect on delinquent subscriptions. A central figure in much of the later correspondence is John Adison Cheek who served as treasurer of Centre from approximately 1889 to 1933. Series B consists of perhaps the most important chronicle of Centre's history - the volumes containing the minutes of the Centre College Board of Trustees, 1819-1853, 1863-present. Minutes from 1819 through 1979 have been digitized, and are available from the Centre College Digital Archives. Interesting circumstances surround volume 2 of the minutes. The volume had been missing for at least forty years when it was discovered by Dr. Miller Hillhouse in a shed between his Danville house on North Fourth Street and the home of Miss Mary Ashby Cheek on North Third Street. The minutes were believed to have been placed in the shed along with other old books and papers in the mid-1930's after the death of Miss Cheek's father, J. A. Cheek. The fate of the volume containing the minutes from 1853-1863 (one of the most interesting decades in Centre's history) remains a mystery. Series C contains miscellaneous reports written by the Board, or committees of the Board, while Series D contains miscellaneous papers concerning the Board, including certificates or pledges for members taking the oath of office and texts of speeches and essays by members of the board. Annual Reports to the Board may be located in CC-2 Centre College Presidents. Public access to Board minutes may be granted for those minutes for which the President is no longer living, or 25 years past the date of the minutes, whichever is longer. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1819-1979 Rights Information about rights held in and over the resource All Rights Reserved Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books Text A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Physical Location Where item is located in collections. Centre College Special Collections and Archives CC-1 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context CC_001B_Board_of_Trustees_Minutes_Book_06 Title A name given to the resource Centre College Board of Trustees Minutes, Vol. 6 (1916-1933) Creator An entity primarily responsible for making the resource Centre College Board of Trustees Date A point or period of time associated with an event in the lifecycle of the resource 1916-1933 Description An account of the resource The official recorded minutes of the Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Danville (Ky.) 37.64569, -84.7836946 Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource minute books Language A language of the resource English Rights Information about rights held in and over the resource All Rights Reserved Subject The topic of the resource Centre College (Danville, Ky : 1918-)--Board of Trustees Centre College (Danville, Ky : 1918-)--Minutes (Records) Central University of Kentucky (Danville, Ky.)--Board of Trustees Central University of Kentucky (Danville, Ky.)--Minutes (Records) https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/e45b9bfb10292e4fe7b72f8b06139ad9.pdf?Expires=1776902400&Signature=exeX3tng-R3oHTz3bEGQ65xmG0PviMwGnfa%7EiWlR3M-R5Kq9ZbyIwUMyHEkV52oSRv-3EJvqN7ORajq2Wu0BNrpD0eQC3CeVscV5XICHLqWJed9H93UDv-%7E6VTGxOt9DXqFYs19LJv9dRL9ai-t4Obh9m1C1ievgIrlmsdzzNm5LjiQPNnGXcBNoadPyL32bl0dEZ0pDGrNW2DRMD5DYKGIV14RLgXSgIIHZnWbNvLYprILk-N8RNYmvT3DWSYwkqYRRXk2Rq0tXjUHEc6mP%7Ed1bNKze2P%7Eu14Y5wOl%7E3uozS5BRIq7jMWS7djOXJtqgzLWKRbaDysR4J8ioHsfWnw__&Key-Pair-Id=K6UGZS9ZTDSZM 11aff4a60ebc1f69f92560d08c6e3dab PDF Text Text Centre College BOARD OF TRUSTEES MINUTES VOLUME 5 1901-1916 CC-1 Board of Trustees Records Centre College Special Collections September 22, 2010 1 �Agreement for Consolidation of Centre College and Central University under the name of Central University of Kentucky This agreement, made the 16th day of July, 1901, by and between the Trustees of the Centre College of Kentucky, located at Danville, Kentucky (hereinafter called Centre College), party of the first part, and the Central University of Kentucky, located at Richmond, Kentucky (hereinafter called Central University), party of the second part, witnesses as follows: Each of the parties hereto is a corporation, created, organized, and existing under and by virtue of the laws of the State of Kentucky, as follows: Centre College by virtue of an act of the Legislature of Kentucky, entitled An Act to Incorporate the Trustees of Centre College of Kentucky, at Danville, approved January 21, 1819, and certain acts amendatory thereof, as follows: An Act to Amend an Act Incorporating the Centre College at Danville, approved January 27, 1824; An Act for the Benefit of Centre College, approved December 27, 1824; and An Act to Amend the Charter of Centre College approved February 1, 1839, and any other amendatory acts. The Central University by virtue of an act of said Legislature entitled An Act to Incorporate the Central University, approved March 3, 1873, and certain acts amendatory thereof, as follows: An Act to Amend an Act entitled An Act to Incorporate Central University, approved April 17, 1884; and An Act to Amend an Act entitled An Act to Incorporate Central University, approved April 7, 1886. Each of said parties owns funds and property, real, personal, and mixed, part of said property and funds being held for general purposes of said institutions, respectively, and other parts thereof being held for specific or defined purposes. Each of said institutions was organized and has been continuously conducted for the same general purpose, namely the education of the youth of the country, and Centre College has been, and is, conducted under the direction of the Synod of Kentucky which is in connection with the Presbyterian Church in the United States of America, and Central University has been and is conducted under the direction of the Synod of Kentucky which is in connection with the Presbyterian Church of the United States. It is believed that the best interests of both institutions, and of the churches which control and sustain them, will be conserved and promoted by the consolidation of said institutions on the terms and conditions herein set forth. Now in consideration of these premises, and of the mutual understanding of the parties hereto, it is agreed between them as follows: Section I. Centre College and Central University shall be, and are hereby, consolidated into a single corporation to be known as Central University of Kentucky, and the said corporation under the name and style aforesaid shall be, and is hereby, located at Danville, Kentucky, and this shall be its principal office or place of business. The name Central University of Kentucky, hereinafter used, refers to said consolidated institution. Section II. Said Central University of Kentucky shall be vested with and own all property, business, credits, assets, and effects of said constituent corporations, without further deed or transfer, and shall be bound for all the contracts and liabilities of each of the constituent corporations. Said first and second parties, for the consideration herein stated, have bargained and sold, and each of them does hereby assign, transfer, grant, and convey to said Central University of Kentucky all property, real, personal, and mixed, situated in the State of Kentucky or elsewhere, including closes in action, and all interest in such property and all business credits, assets and effects of said parties respectively. This transfer and conveyance are made subject to the trusts herein declared respecting particular property. 2 �Section III. The object and purpose of said Central University of Kentucky shall be the establishment of an institution of learning of the highest order on the university plan. In pursuance of said plan, it shall continue the college at Danville for instruction in literature and in the arts and sciences, the same to be known as the Centre College of Kentucky. It shall likewise continue in operation, so long as may be deemed expedient, the schools or departments of medicine and dentistry herein mentioned and already established by Central University at Louisville, Kentucky, and the Department of Law established by Centre College at Danville, and shall have power, whenever deemed advisable, to establish schools or colleges in any other special departments of learning, and to discontinue any such special schools, colleges, or departments. It may acquire by gift, purchase or otherwise, and hold and use for general or special purposes real and personal estate; and sell, convey, lease, pledge or mortgage its real or personal estate, and generally it may exercise all corporate powers conferred by general law upon incorporated bodies. Section IV. The conduct of Central University as a college at Richmond, Kentucky, shall cease. The Board of Trustees of Central University of Kentucky shall have power and authority to transfer to such person or persons, or to such separate corporations as may seem to them discreet, all or so much of the property of Central University at Richmond, and upon such terms and conditions as shall seem to the said Board of Trustees discreet. Section V. Central University has established at Louisville, Kentucky, a school of medicine, known as the Hospital College of Medicine, and a school of dentistry, known as the Louisville College of Dentistry, and the property owned by it and the benefit and obligations of all contracts relating to these schools respectively shall likewise pass to and rest in and be assumed by the Central University of Kentucky. Section VI. Central University owns and controls three collegiate schools or institutions: the S. P. Lees Collegiate Institute, at Jackson, in Breathitt County; the Hardin Collegiate Institute, at Elizabethtown, in Hardin County; and the Middlesborough University School, at Middlesborough, in Bell County. The ownership and control of these several institutions shall pass to and be vested in said Central University of Kentucky in the same manner and to the same extent as they are now vested in said Central University. All the real property now used in the conduct and maintenance of said schools respectively and all unexpended funds in the hands of Central University which have been heretofore given or subscribed for that purpose shall be used for the support and maintenance of said schools respectively so long as the same shall remain under the control of said Central University of Kentucky; but no property or funds of the Central University of Kentucky, other than such as are above specified, shall be used in the support or maintenance of said schools or either of them, nor shall any debt be incurred or assumed by the Central University of Kentucky in behalf of either of said schools. The property and funds now used for the conduct, support, and maintenance of said schools respectively shall be responsible for, and if necessary shall be applied to payment of any debts or liabilities heretofore assumed or now existing against the said Central University by reason of the conduct or maintenance of such institutions respectively. The Central University of Kentucky may in its discretion apply any property or funds now in use for the conduct, support, or maintenance of said Middlesborough school to the payment of any existing debts or liabilities heretofore created by Central University in connection with the conduct or maintenance of the other schools hereinabove mentioned. 3 �It shall be the policy of the Central university of Kentucky, as soon as practicable, to organize the above named collegiate schools or institutions into separate and independent corporate bodies, the same to be placed under the charge and direction of the Synod of Kentucky in connection with the General Assembly of the Presbyterian Church in the United States, and to the corporate bodies so created shall be committed the management and control of said schools respectively. The property and funds dedicated as above mentioned to the maintenance of said schools respectively shall, in such event, be conveyed to the corporations to be so created for their control respectively, but only after Central University of Kentucky shall have been released from any obligation incurred by Central University on account of such schools. The said Synod of Kentucky shall have the right to prescribe the terms of corporate organization of said schools. The Central University of Kentucky shall give its moral support to these and other like schools in connection with the two Synods of Kentucky, and shall encourage their foundation and maintenance, but shall not incur nor assume any financial obligation or liability for the endowment, support, or maintenance of any of the schools named herein or others of similar character. Section VII. All property and funds which have been donated or contributed to either of said constituent corporations for the support and maintenance of special chairs or schools, or for any specific purpose, shall be held by said Central University of Kentucky, and dedicated to and used for such specific purpose, in accordance with the terms of the gift or contract under which the same shall have been received. Section VIII. The management and control of said Central University of Kentucky shall be vested in a board to be known as the Board of Trustees of the Central University of Kentucky. This Board shall consist of an even number of persons: one half to be elected by said Synod of Kentucky in connection with the Presbyterian Church in the United States of America, and the other half to be elected by the Synod of Kentucky in connection with the Presbyterian Church in the United States. Until changed by agreement between said two Synods, the Board shall consist of twenty-four members. Each Synod shall regulate the mode of election, as to the members to be elected by it. The members of the first Board of Trustees, to be constituted by election by said Synod, shall hold office for the following terms, viz. one fourth of said members shall hold office for one year; one fourth for two years; one fourth for three years; and one fourth for four years; and thereafter the term of office of the members shall be four years. If any trustee shall fail to qualify at or before the next regular annual meeting of the Board after his election, or shall resign or otherwise cease to be a trustee, the other members of the Board appointed by the Synod which elected the member whose office became vacant shall fill such vacancy, and the appointee shall serve out the term of office of his predecessor, unless the Synod which originally elected such trustee shall, by election at its next meeting thereafter, substitute another person, in which event that person shall serve out such unexpired term in lieu of the appointee aforesaid. Elections of members shall be so made that each Synod shall at all times have an equal number of representatives in the Board. Trustees shall hold office respectively until their successors shall have been duly elected and have qualified. Section IX. Until the Synods shall have elected trustees as above provided, the Board of Trustees of the Central University of Kentucky shall be selected, one half by the present trustees of Centre College and one half by the present curators 4 �of Central University, in each case, preferable from their own members, to hold office until the Board shall be regularly constituted by the Synods. Section X. The Board of Trustees shall have power to elect or appoint and remove or provide for the appointment and removal of such officers, professors, and employees generally as in their judgment shall make the works of the University most effective. The Board shall have the right to adopt a constitution and bylaws for the government and control of the principal institutions, and for the preparatory and collegiate schools under its charge, and from time to time to alter the same; but the Board of Trustees shall have no power to adopt any rule or regulation in conflict with this agreement or with any joint resolution of the two Synods of Kentucky hereinabove mentioned. A majority of the Board shall constitute a quorum. The Board may appoint an executive committee and vest in such committee such power as the Board may deem fit. Section XI. This corporation shall be perpetual. Section XII. This agreement shall not be altered except with the concurrence of both Synods. With such consent the charter of incorporation hereby created may be altered or amended in the manner provided by law for the amendment of articles of association of incorporated companies; provided, that any proposed amendment shall be authorized by a vote in its favor of a majority of the entire Board of Trustees. Section XIII. The Central University of Kentucky shall have power to confer any collegiate, professional, university, and honorary degrees. Section XIV. Each trustee of the Board hereby constituted, before entering upon the duties of this office, shall qualify by taking oath faithfully to perform the duties thereof. Section XV. The corporation hereby created may incur such liabilities as, in the conduct of its affairs, the Board of Trustees shall deem to be advisable, not exceeding $100,000 at one time. The corporation has no capital stock, and neither its directors nor any members shall be liable for payment of corporate debts. Section XVI. This agreement shall become effectual and operative when, and not until, it shall have been approved and authorized by each of the two constituent corporations named as parties hereto, and by the said two Synods of Kentucky hereinabove mentioned. In witness whereof, each of the said first and second parties has caused its corporate name to be signed and its corporate seal to be attached to this agreement by its proper executive officers and signed by a majority of 5 �its directors, trustees, and curators, the day and year first above mentioned-the trustees of the first party and the curators of the second party being the directors thereof. The Trustees of the Centre College of Kentucky. By J. McClusky Blayney, Chairman. Attest: John A. Cheek, Secretary The Central University of Kentucky. By Lindsay H. Blanton, Chancellor. Attest: E. M. Green, Secretary Trustees of the Centre College of Kentucky Curators of Central University of Kentucky Edward L. Warren William C. Condit Richard P. Ernst J. Kinsey Smith Edward W. C. Humphrey C. B. H. Martin William C. Roberts Peyton H. Hoge John Barbour George W. Welsh J. McClusky Blayney Francis R. Beattie E. M. Green Lindsay H. Blanton Harvey Glass Gelon H. Rout James R. Barret Charles T. Thomson Bennett H. Young State of Kentucky, County of Jefferson, I, Scott Bullitt, a notary public in and for the County of Jefferson, State of Kentucky, do hereby certify that on the 16th day of July, A.D. 1901, in the State and County aforesaid, the foregoing Agreement of Consolidation bearing date of July 16, 1901, between the trustees of the Centre College of Kentucky, party of the first part, and Central University of Kentucky, party of the second part, was produced to me in said county by the parties thereto, and was signed, sealed and acknowledged in manner and form as follows, to-wit: Said agreement was subscribed in the name and on behalf of said first party and its corporate seal attached by J. McClusky Blayney, its chairman, and the said J. McClusky Blayney did thereupon acknowledge that the same was the act and deed of said first party and his act and deed as chairman thereof, and said agreement was attested and subscribed by John A. Cheek, secretary of said first party, and the same was acknowledged by him to be the act and deed of said first party and his act and deed as secretary thereof. Said agreement was subscribed in the name and on behalf of said second party, and its corporate seal attached by Lindsay H. Blanton, its chancellor, and the said Lindsay H. Blanton did thereupon acknowledge that the same was the act and deed of said second party and his act and deed as chancellor thereof, and said agreement was attested and subscribed by E. M. Green, secretary of said second party, and the same was acknowledged by him to be the act and deed of said second party and his act and deed as secretary thereof. And that Edward L. Warren, William C. Condit, Robert P. Jacobs, Richard P. Ernst, J. Kinsey Smith, Edward W. Humphrey, C. B. H. Martin, William C. Roberts, Peyton L. Hoge, John Barbour, George W. Welsh, and J. McClusky Blayney, being severally the trustees of the first party above mentioned, did each of them subscribe said agreement, and each of them acknowledged the same to be his act and deed as trustee of said institution, the said subscribers being a majority of the trustees of said first party. And that Francis R. Beattie, David M. Sweets, E. M. Green, Lindsay H. Blanton, Harvey Glass, Gelon H. Rout, James R. Barret, Charles T. Thomas, and Bennet H. Young, being severally the curators of the second party above mentioned, did each of them subscribe said agreement, and each of them acknowledged the same to be his act and deed as curator of said institution, and said subscribers being a majority of the curators of the said second party. 6 �Witness my hand and seal, this 16th day of July, 1901. My commission expires at the end of the next session of the Kentucky Senate. Scott Bullitt, Notary Public, Jefferson County, Ky. State of Kentucky, Boyle County I, John B. Nichols, Clerk of the Boyle County Court, do certify that the foregoing agreement for consolidation of the Centre College and Central University under the name of Central University of Kentucky was on this day filed for record, which, together with the foregoing and this certificate, has been duly recorded in my office, and the same is now certified to the office of Secretary of State for record. Given under my hand this 14th day of August, 1901. John B. Nichols, Clerk (Recorded in Deed Book No. 28, Page No. 491-9, Boyle County Clerk's Office.) The Commonwealth of Kentucky, Office of Secretary of State. The trustees of the Centre College of Kentucky, located at Danville, Kentucky, party of the first part, and the Central University of Kentucky, located at Richmond, Kentucky, party of the second part, having heretofore, to wit, on the 16th day of July, 1901, entered into an agreement to consolidate said two corporations, and to form of said two constituent corporations one corporation under the name of the Central University of Kentucky, which agreement of consolidation appears from the certificates thereto attached to have been duly executed and acknowledged and recorded in the Clerk's Office of the Boyle County Court, and a duly certified copy of said agreement and contract of consolidation having been this day filed in this office for record, the said two corporations are hereby declared to have become consolidated, and said Central University of Kentucky, successor to said two constituent corporations above named, is now authorized to commence business, and to exercise such powers as are necessary to the conduct thereof, subject to the restrictions imposed by law, the requirements of the statutes having been complied with. Given under my hand as Secretary of State, this 15th day of August, 1901. C. B. Hill, Secretary of State Resolutions, of Boards, Synods, etc. approving Consolidation of Colleges Trustees of the Centre College of Kentucky. (Extract from minutes, April 5, 1901) Whereas there has been presented to this Board a draft of an agreement proposed to be entered into between the trustees of the Centre College of Kentucky and the Central University of Kentucky, having as its purpose the consolidation of these two institutions upon the terms and conditions therein set out, which proposed agreement is in words and figures as follows 1. 2. That subject to the condition hereinafter named, this Board approves said agreement and does hereby authorize and direct that the same shall be signed, sealed, delivered, and executed by the executive officers of this corporation in its present form or in such amended form accomplishing the same general result as may be advised by counsel. Said agreement shall not be delivered or executed unless and until an agreement for the consolidation of the Presbyterian Theological Seminary, at Danville, in the State of Kentucky, and the Louisville Presbyterian Theological Seminary shall likewise be made and be ready for delivery and delivered simultaneously with the delivery of the consolidation agreement hereinabove authorized. 7 �Curators of Central University of Kentucky. (Extract from minutes, April 5, 1901) Whereas there has been presented to this Board a draft of an agreement proposed to be entered into between the trustees of the Centre College of Kentucky, at Danville, Kentucky, and the Central University of Kentucky, at Richmond, Kentucky, having as its purpose the consolidation of these two institutions under the name of the Central University of Kentucky, upon the terms and conditions therein set out. Now be it resolved: 1. 2. That subject to the conditions hereinafter named, this Board approves said agreement and does hereby authorize and direct that the same shall be signed, sealed, delivered, and executed by the executive officers of this corporation in its present form or in such amended form as may be advised by counsel. Said agreement shall not be delivered unless and until an agreement for the consolidation of the Presbyterian Theological Seminary, at Danville, Kentucky, the Louisville Presbyterian Theological Seminary, at Louisville, Kentucky, and the theological fund of the Synod of Kentucky shall likewise be made and be ready for delivery and delivered simultaneously with the delivery of the consolidation agreement hereinbefore authorized. Alumni Association of Central University of Kentucky. (Extract from Minutes, June 18-19, 1901) Whereas there has been presented to this association a draft of an agreement proposed to be entered into between the trustees of the Centre College of Kentucky at Danville, Kentucky, and the Central University of Kentucky at Richmond, Kentucky, having as its purpose the consolidation of these two institutions under the name of Central University of Kentucky, upon the terms and conditions set out, which proposed agreement is in words and figures as follows, now be it resolved that this association approves said agreement, and does hereby authorize and direct that the same shall be signed, sealed, delivered, and executed by the executive officers of this corporation in its present form or in such amended form as may be advised by counsel. Synod of Kentucky in connection with the General Assembly of the Presbyterian Church in the United States of America. (Extract from Minutes April 23, 1901) Whereas there has been presented to this Synod a draft of an agreement proposed to be entered into between the trustees of the Centre College of Kentucky, at Danville, Kentucky, and the Central University of Kentucky, at Richmond, Kentucky, having as its purpose the consolidation of these two institutions under the name of the Central University of Kentucky, upon the terms and conditions therein set out; and, whereas the same has been duly approved by the Board of Trustees of the first corporation and the Board of Curators of said second corporation; and which approved agreement is in words and figures as follows, now be it resolved: 1. 2. That subject to the condition hereinafter named, this Synod approves said agreement and does hereby authorize and direct that the same shall be signed, sealed, delivered and executed by the executive officers of the said first named corporation in its present form, or in such amended form as may be advised by counsel. Said agreement shall not be delivered unless, and until an agreement for the consolidation of the Presbyterian Theological Seminary at Danville, Kentucky, the Louisville Presbyterian Theological Seminary at Louisville, Kentucky, and the theological fund of the Synod of Kentucky shall likewise be made and be ready for delivery and delivered simultaneously with the delivery of the consolidation agreement hereinbefore authorized. Synod of Kentucky in connection with the General Assembly of the Presbyterian Church in the United States. (Extract from Minutes, April 23, 1901) Whereas there has been presented to this Synod a draft of an agreement proposed to be entered into between the trustees of the Centre College of Kentucky, at Danville, Kentucky, and the Central University of Kentucky, at Richmond, Kentucky, having as its purpose the consolidation of these two institutions under the name of the 8 �Central University of Kentucky, upon the terms and conditions therein set out; and, whereas, the same has been duly approved by the Board of Trustees of the first corporation and the Board of Curators of said second corporation, and which proposed agreement is in words and figures as follows. Now be it resolved: 1. 2. That subject to the condition hereinafter named, this Synod approves said agreement and does hereby authorize and direct that the same shall be signed, sealed, delivered, and executed by the executive officers of the said first named corporation in its present form or in such amended form as may be advised by Counsel. Said agreement shall not be delivered unless and until an agreement for the consolidation of the Presbyterian Theological Seminary, at Danville, Kentucky, the Louisville Presbyterian Theological Seminary, at Louisville, Kentucky, and the theological fund of the Synod of Kentucky, shall likewise be made and be ready for delivery and delivered simultaneously with the delivery of the consolidation agreement hereinbefore authorized. Opinion of Counsel. To the trustees of the Centre College of Kentucky and Central University Gentlemen: As counsel for you we have, as requested, carefully prepared the agreement for the consolidation of Centre College and Central University, under the name of Central University of Kentucky--as the same was approved by the several boards of trustees, directors, and curators of your bodies respectively, and afterward approved by the two Presbyterian Synods of Kentucky (North and South), by the two Presbyterian General Assemblies, (North and South), and by the Alumni Association of the Central University--with the proposed draft of such an agreement for consolidation, as the same has been amended by your mutual agreement and is now ready for execution. After considering carefully the nature and effect of the proposed amendments, we make the following report to you: Each of such amendments has been and is now approved and advised by us as counsel for you both. Some of the amendments are required in order to conform the agreement for consolidation to the requirements of the statutes of Kentucky governing corporations. Other amendments are designed and have the effect to render more definite and certain the objects and purposes of the agreement as expressed in the original paper or to simplify future operations of the consolidated institutions. None of them contravene the spirit and purpose of the agreement. We advise the execution of the agreement as amended. Yours very truly, Thomas W. Bullitt, Edward W. C. Humphrey, Alex P. Humphrey, William C. P. Breckinridge, R. P. Jacobs Extract from last will of W. H. McBrayer, deceased "10th. The conditional gift of $30,000 to Central University at Richmond, Ky., I will shall be unconditional and shall be paid by my executors within three years after my death, with four percent interest thereon from date of said gift.” Lexington, Kentucky September 3, 1901 . The agreement for consolidation of the trustees of the Centre College of Kentucky and the Central University under the name of Central University of Kentucky having been properly signed, acknowledged and recorded in the Clerk's office of Boyle County in deed book No. 28 at page 491 to 499 and the certificate of the Secretary of State of Kentucky dated August 15, 1901, that "Central University of Kentucky successor to the two constituent corporations is now authorized to commence business", having been produced the following persons named by the authority of the agreement of consolidation as Trustees: Rev. Gelon H. Rout, D.D.; Rev. T. A. Bracken, D.D.; Rev. David M. Sweets; Rev. Charles T. Thomson, D.D.; Rev. Francis R. Beattie, D.D.; Rev. Harvey Glass, D.D.; Rev. Lindsay H. Blanton, D.D.; Charles C. Fox, and Lucas Brodhead, elected as such trustees by Curators of Central University, 9 �and Rev. William C. Roberts, D.D.; Rev. J. McClusky Blayney, D.D.; Rev. William C. Condit, D.D.; Rev. John Barbour, D.D.; and Robert P. Jacobs, LL.D., elected as such trustees by the trustees of the Centre College of Kentucky took the oath of office as required by the charter before W. F. Warren, a notary public within and for Fayette County, Ky. After prayer for divine blessing and guidance the Board of Trustees was organized by the election of Rev. Gelon H. Rout, D.D., as the president of the Board and John A. Cheek as secretary and treasurer. Rev. William Charles Roberts, D.D., L.L.D., was president of the University at a salary of $3,000 and Rev. Lindsay H. Blanton, D.D., L.L.D., was elected vice president at the same salary, $3,000. The following were elected as the faculty of Centre College at Danville, Ky., at salaries and to the positions as stated below: Rev. William Charles Roberts, D.D., L.L.D., President and Prof. of Ethics & Biblical studies John Cilly Fales, A.M., F. G. S., Prof. of Geology & Biology $1,600 Rev. James Venable Logan, D.D., L.L.D., Prof. Logic & Psychology $1,600 John W. Redd, A.M., Prof. Greek Language & Literature $1,600 Samuel R. Cheek, A.M., Prof. Latin Language & Literature $1,600 Charles. G. Crooks, Walters Prof. of Mathematics $1,600 Clarence M. Gordon, Ph.D., Prof. Physics $1,600 Chase Palmer, Ph.D., Prof. Chemistry $1,600 Lucien Waggener, Jr., Instructor in Modern Languages $80 Hardin Craig, Instructor in English $800 The salary of the secretary and treasurer of the Board of Trustees was fixed at $650, and all above salaries were made payable quarterly on January 1, April 1, July 1, and October 1 of each year. Committee on constitution and bylaws appointed at an informal meeting in Louisville made partial report and were continued until the next meeting of the Board. The present terms of admission in Centre College, and charges for tuition and fees, were adopted until further action by the Board. The president of the University was authorized to open the Law School at Danville, Ky., using only the tuition from law students in payment of instruction and support of same. The free use of the law library, a room in the College building, fuel for same, and attention of the janitor was given the law school, if opened. A petition from a number of his old pupils was received to retain Gov. J. Proctor Knott at the head of the Law School, which was referred to a committee consisting of Mr. Jacobs, Dr. Blayney, and Dr. Glass. On motion, the rent of the dwelling at Richmond, Ky., occupied by Dr. L. G. Barbour was fixed at $200 per annum. On motion, the president of the Board was authorized to appoint an Executive Committee of five members of the Board. President appointed Dr. William C. Roberts, Robert P. Jacobs, George W. Welsh, Charles C. Fox and Dr. John G. Hunter. On motion, the president was authorized to convey to Mrs. Ann E. Waters a small strip of ground near her residence in Richmond, Ky., as explained to the Board by Dr. Lindsay H. Blanton for the sum of $200, which sum is to be used in paying the debt of Prof. Acres, deceased, on which Central University was security. The secretary of the Board was authorized to procure a corporate seal. The Treasurer reported that on the recommendation of members of this Board he had been paying Rev. J. W. Tyler to canvass for students, which action was on motion approved. 10 �The action at the informal meeting of the Board in Louisville to inaugurate a movement to raise $200,000 additional endowment was approved, and Dr. Blanton, Dr. Blayney, Dr. Roberts, and Dr. Hunter were appointed as a committee for this purpose. President appointed Dr. Roberts, Dr. Blanton, and Dr. Beattie as a committee to visit the affiliated schools. Dr. Blanton was granted a leave of absence for two weeks after the opening of the University. On motion, the following action was taken concerning a proposed agreement between Central University of Kentucky and the Walters Collegiate Institute of Richmond, Ky. Resolved that the agreement entered into between this corporation and the Walters Collegiate Institute of Richmond, Ky., which is as follows: This agreement entered into between Central University of Kentucky of the first part and the Walters Collegiate Institute of Richmond, Kentucky, of the second part, Witnesseth: 1. 2. 3. 4. 5. It has been agreed between the parties hereto that first party shall convey to second party the property hereinafter described, together with the right to hold in said buildings a collegiate Institute to be known as the Walters Collegiate Institute of Richmond, Kentucky, and to convey to it the property hereinafter described with the good will of Central University. That the second party, The Walters Collegiate Institute of Richmond, Kentucky, is to be open in said buildings a first-class collegiate institute, to be known as the Walters Collegiate Institute of Richmond, Kentucky, and not only to establish, but to continue and maintain such collegiate institute. In pursuance of said agreement the party of the first part does hereby execute this as an obligation to make such deeds of conveyance as may be necessary to carry out this agreement, to the said second party all the property situated in the city of Richmond, Kentucky, and known as the educational buildings and campus, excluding the five houses known as the four professors' houses and the chancellor's residence and excluding all the land included by the extension of the line running eastwardly from the southern end of the garden and parallel with College Street to the roadway running in front of the professors' houses; it being understood that the chancellor's house and the said four professors' houses and the grounds appurtenant thereto are to excluded from that conveyance. On September 1, 1902, Central University of Kentucky shall convey to the party of the second part three of said professors’ houses, the three known as the Akers, the Barbour house, and the Logan house. This agreement and the conveyance to be made as set out above are on the following terms and conditions. a) That the second party shall open, establish, and maintain a first-class collegiate institute in Richmond, Ky. b) That the present incorporators to wit: J. A. Sullivan, R. W. Miller, R. W. Shackelford, R. R. Burman R. E. Turley, W. B. Smith, S. N. Moberly, J. W. Bales, A. R. Burman, James B. McCreary, C. H. Breck, John B. Chenault, R. E. Douglass, J. Tevis Cobb, J. Stone Walker, Bennet H. Young, A. W. Smith, H. B. Hanger, John M. Lassing, Daniel Breck, and R. E. Roberts, shall constitute the trustees of said The Walters Collegiate Institute of Richmond, Kentucky, and shall have in their exclusive control all the property and the educational, financial, and other affairs of said collegiate institute, and any vacancy occurring by the death, resignation, or otherwise in said Board shall be filled by the nomination by the trustees remaining in office of three persons from which number of three the Southern Presbyterian Synod of Kentucky shall elect one person from the three nominated by the remaining trustees as aforesaid; but one of the three be nominated by said trustees out of which to fill a vacancy aforesaid shall be a member of the Presbyterian Church, and if at the time any vacancy of the Board of Trustees is to be filled as aforesaid, two-thirds of the whole board are members of the Presbyterian Church then none of the three nominated by the trustees and submitted to the Synod of Kentucky, out of which to supply the vacancy shall be members of said church; and provided further, a majority of s aid Board of Trustees shall at all times be citizens of Madison Co unty, Kentucky. 11 �c) That in the deed or deeds of conveyance to be executed by the party of the first part to the party of the second part in pursuance of this agreement a l ien should be reserved upon the property conveyed to protect the party of the first part against any liability or obligation adjudged to be due from it to any donors resident in Madison County at the time of their subscription or since, to the Endowment Fund, Location Fund or other funds of the Central University of Kentucky; it being understood that said real estate being now the property of said party of the first part, and subject to all or any of its legal obligations and debts, it is to be conveyed to the party of the second part subject to such debts, liabilities, and judgments as shall be adjudged to be due from it to the residents of Madison County who donated any sum to any of the funds of said The Central University. d) When the Board of Trustees of Central University of Kentucky, and the Board of Trustees of the Walters Collegiate Institute of Richmond, Ky., sign and make binding this agreement then such deeds of conveyance and other instruments as may be necessary and proper to give legal effect to this instrument are to be entered into, signed and acknowledged by the parties hereto, be and is hereby ratified and approved with the under standing that in case the representatives of the late S. P. Walters of Madison County recover from this corporation anything on account of his subscription to the former corporation known as Central University of Kentucky, this University to pay a proportion of such recover to be determined by the proportion that the cost of what is known as the Chancellor's residence and the Wilson residence and the land annexed bear to the cost of the property this corporation has agreed to convey to said Walters Collegiate Institute of Richmond, Kentucky. The president of the Board is directed to sign, seal and acknowledge and deliver to said Walters Coll egiate Institute a deed conveying the property agreed in said contract to be conveyed by this corporation with the conditions and l iens as specified in said contract. The committee to whom was referred the petition from old pupils of Gov. Knott asking that he be retained in the Law School submitted the following report which was adopted: In response to the communications this day received by the Board from Alumni of the Law Department of Centre College urging the election of Gov. J. Proctor Knott to the chair of Professor of Law in the Law College of the Central University of Kentucky, the Board would express its appreciation of the interest of their alumni in the Law College of this University and recognize the eminent ability and fitness of Gov. Knott for the position of Professor of Law as demonstrated in the Law Department of Centre College, and would respectfully state that the policy of the Board of this University is and will be that each college of the University shall pay from its separate funds its own expenses, and that the only funds now held by the Board which yield income were subscribed for the academic college of the University, and cannot be diverted to any other purpose; and the University having no fund to provide a certain salary for a professor of law has been unable after conference with Gov. Knott through a committee to secure his services in the Law College of the University. Board adjourned to meet on call of the president of the Board. John A. Cheek, Secretary. Gelon W. Rout, President Danville, Ky., October 23, 1901 Executive Committee of Central University of Ky. met at Farmers National Bank. Present: William C. Roberts, George W. Welsh and Charles C. Fox. On motion, Dr. William C. Roberts was elected chairman of the committee and John A. Cheek secretary. A lot at Jackson, Ky., 25 x 27 feet situated in rear of Mr. Gott was sold to him for $120 and deed for same was ordered signed by Rev. Gelon H. Rout, president of Board of Trustees. 12 �A lot containing about one acre of ground situated at Jackson, Ky., was sold to Pollard or other purchasers for $700 free of all expenses for deeds, surveys, etc. Above sales were made on recommendation of Dr. Lindsay H. Blanton and details were left to him to carry out. An amended agreement with Prof. J. E. Austin of Elizabethtown was presented by Dr. Blanton and on motion approved. Dr. Gelon H. Rout as president was authorized to sign same. Committee adjourned. John A. Cheek, Secretary Danville, Ky., November 18, 1901 Executive Committee met with William C. Roberts, George W. Welsh and Charles C. Fox present. On recommendation of Dr. Lindsay H. Blanton, a lot in Middlesboro, Ky., was sold to Mr. J. H. Rhorer for $400. A deed for same was approved, and Rev. Gelon H. Rout, president of Board of Trustees, authorized to sign same. Committee adjourned. John A. Cheek, Secretary Danville, Ky., December 18, 1901 Executive Committee of Central University met at Farmers National Bank. Present: Dr. William C. Roberts, Robert P. Jacobs, Charles C. Fox, and George W. Welsh. The faculty having adopted the following paper about the degree of B.S. the same was unanimously adopted by this committee. The faculty of Centre College unanimously recommend That candidates for the degree of B.S. be allowed the option of three following courses. 1. The same as at present or 2. The same as at present with the following modifications: Increased work in physics, mathematics and chemistry. Modern languages which are at present all elective will be required. In order to allow time for these additions two years of Latin, one half year of zoology, one year of English literature (no reduction in the English composition work), and one term each of logic and psychology as at present required to be omitted. 3. The same as at present with the following modifications: Increased work biology, chemistry and physics. Modern languages to be required instead of elective as at present. Time to be gained for this additional work by omitting from the present requirements, two years of Latin and one term each of astronomy, logic and psychology. That in the requirements for entrance those entering the Course 2 be allowed to substitute French, German, or advanced mathematics for the Latin requirements. Explanatory: Course 2 is designed to meet the needs of those going to enter manufacturing or engineering pursuits. It will include mechanical drawing. Students completing their course can enter the largest and best equipped technical colleges a year further on than under the present arrangement of work. 13 �Course 3 is designed to better prepare those intending to study medicine or dentistry. They will be able to enter these schools with more advanced standing. Committee adjourned. John A. Cheek, Secretary Danville, Ky., January 27, 1902 The Board of Trustees of Central University of Kentucky met in Second Presbyterian Church of Danville, Ky., pursuant to call of the president of the Board at 8:15 p.m. There were present: Rev. Gelon H. Rout, D.D., Rev. Francis R. Beattie, D.D., Rev. John G. Hunter, D.D., Rev. Harvey Glass, D.D , Rev. Lindsay H. Blanton, D.D., Rev. Charles T. Thompson, D.D., Rev. David M. Sweets, Charles C. Fox, Esq., who held certificates of election as trustees by the Synod of Kentucky of the Presbyterian Church in the U.S., and Rev. J. McCluskey Blayney, D.D. Rev. E. L. Warren, D.D., Rev. J. Kinsey Smith, D.D. Rev. John Barbour, D.D. Rev. William C. Roberts, D.D., Robert P. Jacobs, L.L.D., William L. Threlkeld, Esq., George W. Welsh, Esq., Robert T. Quisenberry, Esq., whose certificates of election were from the Synod of Kentucky in connection with the Presbyterian Church in U.S.A. The oath of office was administered to the above by H. L. Briggs, a notary public for Boyle County. Rev. Gelon H. Rout was elected the president of the Board, and John A. Cheek secretary and treasurer. The Secretary reported the following design for a corporate seal, which on motion of Dr. Lindsay H. Blanton was adopted. (Seal shown) On motion a committee to consist of the president of the Board and three members were appointed to take steps to make the exercises of the coming Commencement of Central University, including all the preliminary exercises usual to such an occasion, as interesting and as attractive to the institution as practicable, and said committee is authorized for such purpose to exercise the usual discretion. President appointed Dr. Blanton, Dr. Roberts, and Dr. Blayney. Scheme of B.S. degree adopted by the Executive Committee was approved by the Board. A committee consisting of Dr. Roberts, Dr. Blanton, and Dr. Blayney were appointed to raise $25,000 additional endowment. Board took recess to meet at the Gymnasium [Old Boyle-Humphrey Gymnasium] at 9 o'clock in the morning. After attending the opening exercises of the College in the chapel, the Board resumed its business session in the Gymnasium. On motion, the invitation of the Second Presbyterian Church of Danville, Ky., to hold the regular meetings of the Board in that church was accepted. On motion, the Executive Committee was enlarged, and Dr. Lindsay H. Blanton, Dr. Francis R. Beattie, and Dr. J. Kinsey Smith were added to its membership. Report of the committee on constitution and bylaws was presented, and after full consideration was adopted as a whole. The constitution and bylaws adopted were as follows. 14 �CONSTITUION AND BYLAWS CENTRE COLLEGE OF CENTRAL UNIVERSUTY THE TRUSTEES OF THE UNIVERSITY Chapter I. 1. The Trustees are constituted by charter the supreme legislation and judicial body of this institution in all its constituent parts. They shall enact all the laws, appoint and remove all the executive officers and instructors, prescribe the curriculum of study, and have the exclusive management of all the property and funds of the Institution. A majority of the Board shall constitute a quorum for the transaction of any ordinary business, but twothirds of the Board is required to elect or dismiss all officers and full professors. There shall be one regular meeting of the Board in each year at Danville, on Monday evening before the second Wednesday in June. But the Board may be convened at any time during the interim between its regular meetings by the chairman, and it must be called by him, or by the president of the College in his absence, when requested by five members of the Board, and ten days’ notice shall be given of the time and place of the meeting. At the regular meeting every second year the Board shall appoint for two subsequent years the following committees: 2. 3. 4. 5.      Executive Committee of eight members, whose business shall be to manage during the year all the affairs of the institution Committee on the Curriculum, whose business shall be to arrange in conference with the faculty all the courses of instruction Committee on Grounds and Buildings, whose business shall be to see that the grounds are properly laid out and cared for, and that the buildings are kept in repair and are improved or enlarged when necessary Committee on Finance, whose duty shall be to aid the treasurer in securing good investments and to audit his account before it is presented to the Board Committee on Morals and Discipline, whose duty shall be to inquire from time to time into the moral and religious condition of the University, and to aid the faculty when requested, in settling serious cases of discipline. Each of said committees shall report to the Board at its annual meeting in June, and each shall serve for the term of two years. The president shall be an ex-officio member of each. Chapter II. Of the Constituent Parts of the University 1. 2. 3. 4. Centre College of Kentucky at Danville shall be the literary and scientific department of the University. The Hospital College of Medicine at Louisville, the Louisville College of Dentistry, and the College of Law shall be professional departments of the university. The affiliated colleges and collegiate institutes at Jackson, Elizabethtown, Middlesboro, and Danville shall be the preparatory branches of the University. Only such funds or property shall be used for the maintenance of these collegiate institutions as may be subscribed or donated for that express purpose. Chapter III. Of the Officers of the University 1. There shall be a President of the University, whose duty shall consist in the general oversight of all the affairs of the University and preside over its public meetings. His special function shall be to act as the chief executive of Centre College, over whose faculty he shall preside. He shall also give instruction in said 15 �2. 3. 4. College in such subjects as the Board may prescribe, and he shall further discharge such other duties as may be assigned to him from time to time by the Board of Trustees. There shall also be a Vice President of the University, who shall have general and immediate supervision of the affiliated colleges and collegiate institutes of the University. His special duties, acting under the directions of the Board and in conference with the president, shall be to increase the material resources and further the general interests and patronage of the University, to promote the practical welfare of the affiliated colleges and collegiate institutes of the University under his charge, and to perform such other duties as may be assigned to him from time to time by the Board. Each of the affiliated colleges, except Centre College, of which the President is the chief executive, shall have resident officers who shall conduct the affairs of these respective colleges according to such regulations as the Board may prescribe. It shall be the duty of the Treasurer to keep an account of all moneys received or expended for the College, and to lay before the Board an annual statement of the receipts and expenditures. He shall have charge of all bonds, notes, title-deeds, etc., belonging to the University, and he shall keep an exact register of all debts due to same, and all property held by it. He shall not pay any money on account of the institution, except on warrant or certificate from the Secretary. His accounts are to be settled, and his vouchers examined annually by the Finance Committee. He shall be required to give such bond as the Board may require, said bond to be in the hands of the Finance Committee. He shall receive such compensation as the Board may determine. Chapter IV. The Secretary 1. It shall be the duty of the Secretary to keep a record of all the proceedings of the Board. He shall carefully preserve the books and papers of the Board. All accounts against the institution shall be presented to the Executive Committee, and, with approval, the Secretary shall give a warrant on the treasurer. But the Executive committee shall have power to adopt a plan for the prompt payment of accounts less than $75 presented for payment between meetings of the Executive Committee. The Secretary shall keep a record of all warrants drawn on the treasurer, and also keep a list of all the debts due to the College, and the property held by it, correcting this list, from year to year, by comparing it with the register of the treasurer. He shall receive a regular and reasonable compensation from the Board Chapter V. Of the Faculty of Centre College 1. 2. 3. 4. 5. 6. The Faculty of Centre College shall consist of the President of the University, and the regularly elected professors of the College. The Vice President and other officers and instructors of the institution may sit and deliberate with the Faculty, but only the President and the regularly elected professors shall have the right to vote. One of the said professors shall be elected by the Board as dean of the faculty. The Faculty shall be charged with the conduct of the instruction given in the College with the discipline of the students and with the internal academic administration of the work of the institution. The Faculty, so far as practicable, shall meet statedly once a week for the transaction of business. The President, or in his absence the dean, has authority to convene the Faculty for advice or business whenever he may deem it expedient. A majority of the members of the Faculty shall, when duly convened, constitute a quorum. In all meetings of the Faculty the president, or in his absence, the dean, shall preside. The Faculty shall keep a book of minutes and appoint one of their number to be a clerk, who shall enter therein a correct statement of all their transactions and resolutions. The clerk shall lay this book before the Board at its annual meeting, and at any or all of the special meetings, if called for. It is the duty of the Faculty to take the general state of the College into frequent consideration, and to propose to the Trustees any laws and measures by which the system of instruction and discipline may, in their judgment, be improved. It is the duty of every member of the Faculty to aid in enforcing the laws of the College by private admonition and rebuke; by reporting to the Faculty all cases of irregularity which he may consider as 16 �deserving their notice; and by proposing for adoption by the Faculty, all such regulations and measures as will in his judgment conduce to the welfare of the institution. 7. All the officers have a right to enter at their pleasure the rooms of the students. 8. No member of the Faculty shall without the consent of the Board, engage in any pursuit or occupation that will interfere with a stated and punctual discharge of his official duties. 9. The President shall have the right to be present at the recitation of every class in the College, as often as he may see proper, and to conduct or hear the recitation. 10. The professors shall be responsible for the faithful instruction of the students in those departments of science and literature which they teach. And they will be expected to render such additional aid in the general management of the College as the Faculty may judge expedient. Chapter VI. Of the Terms of Admission 1. 2. 3. 4. 5. 6. No student from any other college or university shall be received without satisfactory testimonials that he left such college or university without censure. Applicants for admission to the freshman class must have acquired a reasonable mastery of the studies named in the catalogue. Applicants for admission into any of the classes higher than the freshman must satisfy the Faculty that their academic attainments are equal to those of the class into which they wish to enter. The Tuesday before the second Wednesday of September shall be the regular time for admission. Students may be admitted on other days and in other places than Danville. It is highly important, however, that all the students should be present at the first recitations of every term. A matriculation book must be kept by the dean, or the clerk of the Faculty, in which every student shall on being admitted be required to enter his name, place of abode, and the name of parent or guardian. This signature will entitle him to all the privileges of a college student, and no one who is not matriculated is entitled to them. Every student shall upon his admission receive a copy of the bylaws of the University, and no plea founded on ignorance of them shall be admitted as valid. Chapter VII. Of the Classes, Courses of Study, and Examination 1. 2. 3. 4. 5. 6. The students of College, pursuing a regular classical or scientific course, shall be divided into four classes, called respectively the freshman, sophomore, junior and senior. Each of these classes shall have at least three recitations daily, at such hours as the Faculty may appoint. There are also other scientific departments which give regular and systematic instruction to those students who do not wish to pursue the regular classical or scientific course. Every student is required to attend punctually all the recitations and exercises which may be appointed by the Faculty; and when a student shall be absent without permission or a sufficient excuse, he may be reprimanded or be reported to the Faculty, as the professor shall deem most expedient. At the close of each session every class shall be strictly examined on the previous studies of the term. No student shall be absent from examination without having obtained permission of the Faculty assembled in regular meeting. If for any cause a student be absent from examination, his name shall be entered on the minutes, and the Faculty may give another opportunity for an examination. At the close of each term the Faculty shall classify the students according to their degrees of scholarship and good behavior, and report to the parent or guardian of each the standing of his son or ward. The departments of the College are the following: those named in catalogue. Chapter VIII. Of Government and Discipline 1. The government of the College shall grant to each student all privileges and enjoyments consistent with his own welfare and that of his associates, at the same time it must be firm, enforcing obedience to all requirements which the trustees or faculty may see fit to enjoin. The reformation of the offender shall be 17 �2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. strictly arrived at, as far as practicable, and no severe or humiliating penalty shall be inflicted except when the interests of the institution demand it. The discipline shall be wholly of the moral sort, addressed to one's sense of duty and the principles of honor. It shall consist of the following: private admonition by an officer of the College; admonition by an officer before the class of the offender; admonition before the Faculty; public admonition before all the students; private dismission; public dismission and expulsion. The application of any of these forms of discipline shall be discretionary with the Faculty, who have the power to decide all cases of discipline, save those involving expulsion, and from the decision of the Faculty there shall be no appeal. No student shall be expelled from College except by the Board of Trustees. Any student who may be accused of misconduct shall be first informed of the charges against him, and shall have an opportunity to make any explanation he chooses. Whenever, in the judgment of the Faculty, the longer residence of any student in the College would be unprofitable and injurious on account of dissipation, idleness, inattention to College exercises, or a disposition to perpetuate mischief and encourage disorder among his fellow students, he may be privately dismissed, or official notice may be given to his guardian or parent of his character and conduct, and if he be not removed, or do not immediately reform, he shall be dismissed. If any student shall be guilty of a crime for which the laws of the state provide a disgraceful punishment, he shall be expelled. Profane swearing, intemperance, obscenity, licentiousness, gambling, or any game for a wager, and other gross immorality, shall be visited with the most severe punishments, lest the purity of the innocent and unsuspecting may be destroyed by allowing any to indulge in them. No student shall be guilty of insulting or striking a fellow student, nor of keeping in his possession a revolver, or sword cane, or other deadly weapon. And if he shall draw, or attempt to use such weapon upon a fellow student, or carry it for this purpose, he shall be forthwith dismissed and not be restored without a vote of the Board of Trustees. No student shall be allowed to frequent any place which, in the judgment of the Faculty, might be detrimental to his reputation or character, or who might bring discredit upon the good name of the College. The students are required to treat all persons with whom they have intercourse with decency and politeness, and especially to exhibit the most respectful deportment towards the officers of the College. All disorderly conduct or boisterous noise, either in the streets of the town or in the entries or rooms of the College, all writing, drawing, or marking on the walls of the College, are strictly prohibited. If any combination or agreement, direct or indirect, to commit an unlawful act, or to refuge compliance with any injunction from lawful authority, shall be entered into, such individuals as thus combined shall be disciplined as the Faculty shall judge to be necessary for the preservation of good order. The students shall be allowed and encouraged to form and maintain societies for useful purposes. But all such societies must be formed with the consent of the Faculty, and must be conducted in conformity with any regulations which the Faculty may, from time to time, judge necessary to prescribe; and, in particular, the Board enjoin it on the Faculty not to permit the societies to protract their meetings till a late hour of the night. The students shall not invite a person to deliver a public address before any of the societies without first obtaining from the president his approval of their proposed invitation. Students shall regularly attend all the lectures and recitations assigned them by the Faculty; and at no time shall they absent themselves without the consent of the instructor, except in case of sickness--which sickness is not to be received as an excuse unless it be such as in his physician's judgment prejudicial to his health. If any of the buildings, furniture, or fixtures of the College be cut, defaced or injured, and the offender is discovered, he shall replace the same, or pay to the treasurer the value of the property thus injured. No student shall discontinue the studies assigned him, or change them, except by permission of the Faculty. Whereas, the laws of the College are few and must be general, cases may occur which are not expressly provided for by these laws; in all such cases the Faculty shall proceed according to their discretion, to 18 �discipline a student by inflicting on him any College censure, according to the nature and circumstances of the misdemeanor. Chapter IX. Damages 1. 2. The Faculty shall appoint one of their member to inspect, now and then, the dormitories and see that all the rooms and entries are kept in proper order. When damage is done to the College buildings or appurtenances thereof, and the one who did it cannot be detected, it shall be paid for out of a deposit required in September and January of all the students. What remains of the deposit after paying for the damages done shall be refunded to the students at the close of the term. Chapter X. Religious Exercises 1. 2. 3. 4. No sectarian tenets shall be taught by the President, professors, or the instructors in their classes. It shall be the duty of the Faculty to watch diligently over the morals of the students, recommending to them, both by precept and example, a virtuous and blameless life, and a devout attention to all the public and private duties of religion. Every student shall attend prayers in the chapel at such hours as the Faculty may appoint, and behave with decorum and reverence during the service. All the students shall attend public worship at least once on the Lord's Day, either at one of the Presbyterian churches or at such other place as parents or guardians may designate in writing to the Faculty. Chapter XI. Library 1. The library shall be subject to such regulations as the Faculty may, from time to time, see fit to establish. Chapter XII. Of Expenses 1. 2. The tuition fee shall be $50 a year. Sixteen dollars a year shall be required of all students as a contingent fee to defray the expenses of janitors, heating and lighting College buildings, and to cover the ordinary wear and tear of property. One half of the tuition and contingent fee is payable on matriculation and the remainder on January 15th of each year. The laboratory fee shall be fixed by the Faculty, and it is payable at the beginning of each term to the professor in charge. Each student must present to the professor a certificate from the treasurer that he has paid the College dues, before he is permitted to recite in his class. Chapter XIII. Of Sessions and Recesses 1. 2. There shall be two vacations each year - the first beginning on the day of the commencement and terminating on the second Tuesday of September, the second beginning the week before Christmas and ending the first week of the new year. All students shall be required to be present at the opening of the session, and no student shall be absent from College during the term without leave of the president or of a member of the Faculty authorized to grant same. Chapter XIV. Of Commencements and Degrees 1. 2. There shall be an annual commencement on the second Wednesday in June. The degree of Bachelor of Arts and of Bachelor of Science shall be conferred by the Board on the recommendation of the Faculty. No one shall be admitted to either of these degrees who shall not have 19 �3. 4. 5. 6. 7. paid to the treasurer a month before commencement all his College dues and the graduation fee of seven dollars, or who shall refuse to perform the commencement exercises assigned him by the Faculty. Each student taking part in the commencement exercises is required to submit to the president or a member of the Faculty appointed for that purpose, a copy of his speech at least one week before the commencement, and if he shall make addition to what is contained in the copy approved, or shall speak anything in public which he has been directed to omit, he shall forfeit his degree. Bachelors of Arts and Bachelors of Science, of good moral character, may be admitted in one year to the second degree of M.A. and M.S. by passing a creditable examination on one of three or four courses of study prescribed for them by the Faculty. This will require the students to spend the whole year in Danville. It may be done, however, in two years by spending only a part of the time in Danville. It shall be the duty of all the students to attend the Commencement exercises. The Faculty is authorized by the Board to provide courses of study leading to the degree of Ph.D. These bylaws cannot be altered or modified, except by two-thirds vote of the Board of Trustees and after a notice having been given at a previous meeting of an intention to propose a modification or an alteration of them. On motion, the Board decided that the treasurer give such bond as may be required by the Board, the bond to be held in the custody of the Executive Committee. The Faculty was authorized to open a summer school in Danville if they deem it best. On motion of Dr. J. Kinsey Smith, the faculty and officers of the University are instructed to open the museum of Natural History situated in the Main building [Old Main], to have it cleaned and the objects classified and made accessible to the uses of the students, under the supervision of the Faculty, with the provision that this work shall involve no additional expense to the treasury of the University. The following resolution concerning an effort to increase the endowment of the University was adopted. Recognizing the action of the two Synods recently authorizing an effort to raise the sum of $150,000, and appreciating the limitations of an effort on the part of this Board to increase the endowment of the institution, therefore, resolved that the Board should take immediate steps to raise the sum of $125,000, and that the Board pledges itself to heartily cooperate with the committee consisting of Dr. Roberts, Dr. Blanton, and Dr. Blayney in their plans for raising the above named sum. The President of the Board appointed the following committees: 1. Curriculum - Dr. Roberts, Blanton, and Beattie. 2. Buildings and Grounds - Quisenberry, Welsh, and Fox 3. Finance - Humphrey, Jacobs, and Fox 4. Morals and Discipline - Glass, Thompson, and Warren Board adjourned to meet June 9, 1902, at 8:30 p.m. John A. Cheek, Secretary, Gelon H. Rout, President Danville, Ky., June 9, 1902 Executive Committee of Central University met at Farmers Bank. Present: Dr. William C. Roberts, Dr. Francis R. Beattie, Dr. Lindsay H. Blanton, George W. Welsh, Robert P. Jacobs, and Charles C. Fox. Dr. Blanton reported that the sale of lot at Jackson, Ky., to Pollard authorized October 23, 1901, was not completed but was still pending. Minutes of Executive Committee were read and approved. 20 �On motion, Mr. Welsh, Prof. Gordon, Van Winkle, Dr. Roberts, and Dr. Blanton were appointed a committee on athletics with power to select a physical director and coach, and to report back to this committee their action for approval. On motion, the following action was taken: The Executive Committee recommend to the Board of Trustees to employ an additional professor in mathematics. If the Board sees its way clear to appoint such professor, and if such action is taken by the Board, the committee respectfully recommend to the Board the election of Prof. Alfred B. Nelson to fill the position. On motion, the Treasurer was authorized to pay Rev. Willis G. Craig, D.D., $50 for preaching the Baccalaureate sermon to the senior class. On motion, $150 bonus was given to the Central News. On motion, the Treasurer was authorized to pay bills under $75 where he knows the same are correct. Committee adjourned. John A. Cheek, Secretary Danville, Ky., June 9, 1902 The Board of Trustees of Central University of Kentucky met in the Second Presbyterian Church, Danville, Ky. on Monday evening, June 9, 1902, at 8:30 p.m., and was opened with prayer by Dr. Blayney. Members present responded to their names as follows: Charles C. Fox, Robert P. Jacobs, William C. Roberts, David M. Sweets, John Barbour, Lucas Brodhead, J. G. Hunter, George W. Welsh, F. R. Beattie, Thomas W. Bullitt, J. Kinsey Smith, William L. Threlkeld, Edward L. Warren, Lindsay H. Blanton, J. McCluskey Blayney, Edward W. C. Humphrey, Gelon H. Rout Secretary read the minutes of the meeting held at Lexington, Ky., September 3, 1901, which were on motion approved. The minutes of the meeting held at Danville, Ky., January 27, 1902, were read and on motion approved. Minutes of the Executive Committee held at Danville, Ky., October 23, 1901, November 18, 1901, December 18, 1901, were read and on motion approved. On motion, Messrs. Bullitt, Jacobs, and Humphrey were appointed a committee to suggest to the Secretary the records to be made of the various steps leading to the consolidation of Centre College and Central University. The Board took recess until Tuesday at 9:30 a.m. Board met Tuesday, June 10, 1902, at 9:30 a.m. in Second Presbyterian Church with Dr. Rout in chair. It was moved and carried that the fiscal year of the University end on 15th day of April. The Treasurer made his report which was received and approved and ordered recorded. The members of the Board duly elected by the respective Synods who had not yet taken the oath were duly qualified, namely Edward W. C. Humphrey and Thomas W. Bullitt. The matter concerning the sale of an unimproved lot in Chicago was referred to Finance Committee with power to act. On motion, the Treasurer was instructed to pay the salary due Dr. John L. McKee for the quarter ending July 1, 1902, to his executrix. 21 �On motion, the Chairman was instructed to appoint committees to bring in minutes on the death of Dr. John L. McKee and Dr. T. A. Bracken. Secretary read minutes of the Executive Committee held June 9, 1902, which were on motion adopted and the recommendations taken up seriatim. At this stage the President made his report, which was received and the recommendations taken up. Salary of Prof. Lucien Waggener, Jr. [instructor in modern languages] was fixed at $1,000 and Prof. Chase Palmer [professor of chemistry] at $1,600. The question of the employment of Mr. D. L. Chambers of Princeton, N. J., was referred to the Executive Committee with power to act, the salary to be not more than $1,200. Matter of Prof. Leslie C. Bosley and bonus at the Academy referred to Executive Committee, also to same committee the question of appropriations to departments of physics and chemistry. On motion, an associate professor in mathematics was provided for at a salary of $1,200. Prof. Alfred B. Nelson was on motion elected to this associate professorship, with the understanding that the division of labor be referred to the Faculty. Rev. Charles T. Thomson, D.D., appeared and was enrolled. Chairman appointed following committees: on death of Dr. J. L. McKee, Rev. John Barbour, D.D. and Rev. J. McCluskey Blayney, D.D.; and on death of Dr. T. A. Bracken, Rev. F. R. Beattie, D.D., and Rev. Lindsay H. Blanton, D.D. The Board then took recess until 2:30 p.m. Board resumed its session and considered the recommendations made by Dr. Roberts. Committee on Athletics was continued with the additions of Dr. Roberts and Dr. Blanton. The following degrees recommended by the Faculty were conferred. Bachelor of Arts Steele Bailey, Jr., Duke Godbey, Steuben Godbey, Fred M. Grant, Lewis B. Greene Alfred A. Higgins, Joseph W. Ireland, Frank P. Kiser, Hartwell H. Linney, Lanes R. Nunn, Bruce T. Pugh, Hugh B. Rose, S. V. Rowland, Jr., Isaac L. Sallee, W. L. Sudduth, Addison A. Talbot, Charles H. Talbot, Jr., William H. Willson, Truman S. Woodward, Joseph H. Woolfolk Bachelor of Science Charles H. Ellis, Hugh E. Fallis, John R. Ingram, Virgie L. Peterson, Chester R. Rankin, Alexander H. Rowell, Robert Y. Shepherd, Milton V. Ward Bachelor of Laws John W. Farmer, Walter H. Gray, William H. Harrison, Chenault Huguely, Rodman W. Keenon, Hugh B. Rose, Samuel H. Sanders Master of Arts Daniel Lindsey Thomas, Lebanon, Ky. 22 �The Henry Barret Boyle Latin Prize - Francis Powell Cheek, Danville, Ky. The Ormond Beatty Alumni Prize, Senior Class - Sidney Venable Rowland, Jr., Danville, Ky., Truman Stephen Woodward, Jr., Centretown, Ky. The Sidney J. Johnson Prize, General - Francis Powell Cheek, Danville, Ky. Board conferred the following honorary degrees. Degree of Doctor of Laws upon: Governor J. C. W. Beckham, Hon. John W. Yerkes, Rev. George F. Pentecost Degree of Doctor of Divinity upon: Rev. Joseph Rennie, Rev. D. Clay Lilly, Rev. Alexander M. Irvine A paper was offered by Hon. Robert P. Jacobs concerning the method of conferring the degrees of D.D. and LL.D. by the Board in future, was on motion referred to a committee consisting of Drs. Beattie, Smith , and Mr. Humphrey, to be considered and reported to next meeting of the Board. Recommendation of the Faculty as to an appropriation for the library was referred to Executive Committee. Also to same committee the matter of the employment of an instructor in elocution. On motion, Archibald H. Throckmorton was elected Dean of the Law School and Prof. of History, Economics, and Political Science - his compensation in the Law School to be one third of the tuition actually collected, and the Executive Committee was authorized to make arrangement with him to give instruction in the Chair of History, Economics, and Political Science, and the performance of such duties in Centre College as may be agreed on with him, at a salary not to exceed $1,200 per annum. The following report of the committee on the death of Dr. T. A. Bracken was received and adopted: The Board desires to put on record the sense of the great loss it has sustained in the death of the Rev. T. A. Bracken, D.D. of Lebanon, Ky. Dr. Bracken during his long and useful life had always taken the deepest interest in Christian education. This was shown by his faithful service on the Board of Curators of the old Central University. It was further exhibited by his great interest in all the negotiations, which resulted in the consolidation of the educational work of the Presbyterians in Kentucky, and by his service on the Board of Trustees of the consolidated institution. The Board feels deeply the loss of such a man from its counsels and regrets very greatly that he should not have been spared to see more fully the good results of consolidation. The Board expresses its deep sympathy with the church and the family that have been bereaved. At the same time the Board expresses its gratitude to God, that such a useful man was so long spared to render such a lasting service to the church of which he was a member. Board took recess until 8:30 p.m. Board resumed business at 8:30 p.m. The reasons for absence of Dr. William C. Condit and Mr. J. A. Simpson were read and on motion sustained. Letters from Judge J. S. Miller concerning a note of E. W. Bedinger , and one from Mrs. R. E. Little concerning her note were on motion referred to the Executive Committee. Dr. Lindsay H. Blanton made a statement concerning the settlement of the affairs at Richmond connected with the consolidation of the colleges , and also concerning a thorough canvass in the s tate for students which was followed by a general discussion. It was resolved that the Board hereby requests the professors in the College to cooperate with Dr. Blanton, who has the special duty of increasing the patronage of the University , and directs the treasurer to meet the neces sary expenses of same. 23 �On motion, Dr. Roberts was appointed to confer with the three professors Fales, Gordon, and Palmer as to the opening and use of the museum. A communication from the Dein ologian [Literary] Society was read and referred to the Executive Committee with instruction to have the rooms of both [Chamberlain and Deinologian literary socieites] societies repaired, and if deemed advisable to reverse the order as to secrecy, and urge every student in college to become a member of these societies. On motion, a committee of three consisting of Dr. Beattie, Dr. Roberts, and Dr. Blanton were appointed to consider a suitable memorial to Dr. John C. Young and Dr. William C. Young and report to the Board. Resolved that the thanks of the Board be extended to Hon. Henry Watterson for his personal aid in securing access to Mr. Carnegie with reference to securing his interest in a new Science Hall [Old Young Science Hall]. The following paper offered by Dr. Francis R. Beattie was adopted: For the purpose of removing any misapprehension which may rest in the public mind touching the effect of consolidation upon the status and names of Central University and Centre College, the Board of Trustees deem it proper to make the following declaration. 1. 2. 3. 4. In the consolidation the names of Central University and Centre College are equally free-served and each has a distinct and proper signification which should not be confounded with that of the other. The name of Central University of Kentucky is given by the charter to the general corporation embracing the entire aggregation of colleges and schools located at Danville, Louisville, Jackson, and Elizabethtown. The name of Centre College of Kentucky is given by the charter to the institution at Danville which has hitherto borne that name and which is the literary and scientific department of Central University of Ky. It is hoped and believed that a careful observance by all parties of these distinctions will secure for the consolidated Institution of the hearty support of all the friends of the former Central University and Centre College. The treasurer on motion instructed to pay the expenses of all members of the Board at the regular and called meetings. Board took recess until 9:30 a.m. Wednesday. Board met at 9:30 Wednesday morning June 11, 1902, Dr. Gelon H. Rout in the Chair. Committee on death of Dr. John L. McKee made following report which was adopted. The Board would place upon its records its sense of loss in the removal by death of Rev. John Lapsley McKee, D.D., one of the honored members of the Faculty. The services of Dr. McKee to the Kingdom of Christ were both varied and distinguished. As a pastor his work takes rank with the best in the annals of the Kentucky pulpit. As an evangelist his aid was much sought and greatly blessed of God, and as vice president of Centre College and teacher in her halls his work was substantial and far reaching. Dr. McKee was in the best use of the term a self-made man, having lifted himself by sheer force of character and consecrated talents out of meager opportunities to a position of great usefulness. As a product of Centre College, as an example of one entering her halls a student and passing to a position the next highest in her gift, we may point to him with pride. In extending our sympathies to the widow and children of Dr. McKee we rejoice with them in the Providence which spared him to old age in active usefulness and we bespeak for them the guidance of the same Master, who was so gracious to him. The following paper offered by Dr. Beattie was adopted: That a committee consisting of Dr. Roberts, Dr. Blanton, Prof. Crooks, and Prof. Cheek be appointed to exercise general oversight of the various publications made by, or concerning the University and all its constituent parts, so that these publications in all respect may be in harmony with the terms of the charter and the provisions of the bylaws of the institution. 24 �On motion, Dr. Francis R. Beattie was appointed to represent the Board of Trustees in a statement as to the condition, prospects, and needs of the University. The minutes of this meeting were read and approved and Board adjourned. John A. Cheek, Secretary, Gelon H. Rout, President Danville, Ky., June 12, 1902 Executive Committee of Central University of Ky. met at Farmers National Bank. Present: Dr. William C. Roberts, Dr. Francis R. Beattie, Charles C. Fox, Robert P. Jacobs, George W. Welsh, and Lindsay H. Blanton. Authority was granted Dr. Roberts to interview Mr. Chambers, and if he was pleased, to employ him as instructor in English for one year at not over $1,200. Motion by Mr. Jacobs about the Academy to be written out by him. Authority was given to use as much as $1,000 for physical director, coach for football and baseball. Letters from Mr. Little and Mr. Bedinger were instructed to be answered, that the Board had no disposition to press collection, but could not see its way clear to surrender the notes. Dr. Blanton was authorized to negotiate sale of chancellor's residence at Richmond at not less than $7,750. Dr. Blanton was appointed to see Mr. Throckmorton under the action of the Trustees. Dr. Lindsay H. Blanton made a statement about the surrender of the W. N. Haldeman notes and his obligation to assume the annuity to Mrs. M. R. Kinkead, and on motion the whole matter was referred to committee consisting of Robert P. Jacobs and Charles C. Fox, who were to investigate and report back to the Executive Committee. On motion, the Treasurer was authorized to pay to Col. T. P. Hill $33.58 to be reimbursed out of collections of law tuition. On motion, the meetings of the Executive Committee in future would be held at Citizens National Bank where the secretary had his books and papers. Committee adjourned. John A. Cheek, Secretary Danville, Ky., June 17, 1902 Executive Committee met at Citizens National Bank Present: Dr. Lindsay H. Blanton, Dr. Hunter, Mr. Robert P. Jacobs, Charles C. Fox, and George W. Welsh. On motion, Mr. Jacobs was called to the chair in the absence of Dr. Roberts. Dr. Blanton reported that he had seen Mr. Throckmorton and was pleased with him. On motion, Mr. Archibald H. Throckmorton was elected Instructor in History, Civics and Economics in Centre College at a salary of $1,200 per annum. On motion, the compensation of the assistant to the professor of physics and chemistry was fixed at $50, and a scholarship for the session in each case. On motion, Prof. Clarence Gordon and Prof. Chase Palmer were granted permission to give instruction in physics and chemistry in Caldwell College. Dr. Francis R. Beattie was appointed a committee to confer with Mr. Thomas W. Bullitt about his fee for legal work in the consolidation of the colleges and seminaries. 25 �Dr. John G. Hunter's traveling expenses amounting to $1.90 were ordered paid. Dr. Blanton, Charles C. Fox, and George W. Welsh were appointed a committee to arrange the rooms to be occupied by the several professors, and to report on suitable appropriations for the library and departments of physics and chemistry. Committee adjourned. John A. Cheek, Secretary Danville, Ky., July 4, 1902 Executive Committee met. Present: Dr. Lindsay H. Blanton, Dr. Francis R. Beattie, Dr. John G. Hunter, George W. Welsh, and Charles C. Fox. Committee consisting of Dr. Blanton, Charles C. Fox, and George W. Welsh appointed at previous meeting made following recommendations which were approved by this committee: 1. 2. 3. Improvement of both floors of the north wing of the old College building [Old Centre] at a cost not exceeding $250, same to be used by the College of Law. Improvement of each room in basement of Main Building [Old Main] at cost not to exceed $100, same to be used by Physics Department, and northwest room in basement of Gym [Old Boyle-Humphrey Gymnasium] to be used as a work room. A rearrangement of rooms in Main Building [Old Main] and Breckinridge Hall as suggested by Prof. Gordon, Crooks, and Palmer was recommended and Committee on Buildings and Grounds take charge and secure estimate of cost. On motion, Prof. John C. Fales was elected librarian of the College, and was authorized to employ assistance needed to rearrange books in Sayre Library and Breckinridge Hall. $150 was appropriated for the binding of books and pamphlets and the purchase of new books. $300 was allowed to Prof. Clarence Gordon for Department of Physics and $200 to Prof. Chase Palmer for Department of Chemistry. Attention of Committee on Building and Grounds was called to boiler front and grates at Gym [Old Boyle-Humphrey Gymnasium], also arch over west window. Chimneys on Main Building [Old Main] need taking down to roof and rebuilt. On motion, question of filling the chair of English was referred to subcommittee consisting of Dr. Blanton, Dr. Hunter, Mr. Welsh, and Mr. Fox with full power to act. Dr. Beattie, Dr. Blanton, and Mr. Welsh were appointed a committee to interview Mr. Thomas W. Bullitt, Col W. C. P. Breckinridge, and Judge A. P. Humphrey and Hon. Robert P. Jacobs about their fees in the matter of consolidation of the colleges and seminaries. Bills presented by the treasurer were ordered paid. Committee adjourned. John A. Cheek, Secretary Danville, Ky., July 22, 1902 Executive Committee met at Citizens National Bank. Present: Dr. Blanton, Dr. Hunter, Mr. Welsh, and Mr. Fox. On motion Prof. F. H. Chase was employed to give instruction in English, and Dr. Blanton was directed to notify him by telegraph. 26 �Treasurer was authorized to pay $25 towards macadamizing the street running east of the Gym [Old BoyleHumphrey Gymnasium] between Walnut and Russel Streets. And authority was granted to secure a concrete pavement at Gym at cost not exceeding 17 cents per square foot. Committee adjourned. John A. Cheek, Secretary Danville, Ky., September 5, 1902 Executive Committee met. Present: Dr. Roberts, Dr. Blanton, Mr. Fox, and Welsh. On motion, one of the rooms assigned to Prof. Chase Palmer was directed to be taken for the English Department. Treasurer was directed to purchase 100 new desks for the law room and mathematics. Matter of supplying instructor for Gym [Old Boyle-Humphrey Gymnasium] was referred to Dr. Roberts and Dr. Blanton. Bill of $10 for medal purchased by Dr. Blanton, and given in the Medical Department at Louisville was ordered paid. Committee adjourned. John A. Cheek, Secretary Danville, Ky., October 1, 1902 Executive Committee of Central University met. Present: Dr. Roberts, Dr. Hunter, Dr. Blanton, Mr. Welsh, and Mr. Fox. Dr. Blanton reported sale of lot at Middlesboro, Ky., to M. H. Rhorer and building and lot adjoining to R. C. Ford for $1,000, amount of sale in both cases to be applied to reducing the mortgage debt of the S. P. Lees Institution. Dr. Blanton was authorized to negotiate the sale of a lot at Jackson - amount of sale to be applied on the debt of the S. P. Lees Institute. On motion, the payment of a judgment at Richmond, Ky., for balance due on rebuilding the warehouse, amounting to $235.95 in favor of G. H. Meyers was approved. Application of Lewis Buster for increase of salary as janitor was referred to George W. Welsh and John A. Cheek with power to act. On motion, $100 was appropriated to pay instruction for Glee Club. An application for use of gymnasium [Old Boyle-Humphrey Gymnasium] by ladies was declined. On motion $25 was appropriated for additional apparatus at the gym [Old Boyle-Humphrey Gymnasium]. An application from Prof. John C. Fales for an appropriation for his department was answered as follows: "In view of the prospect of a new building for science [Old Young Science Hall] it is deemed unwise to expend that amount at present." Committee adjourned. John A. Cheek, Secretary 27 �Danville, Ky., January 12, 1903 Executive Committee of Central University of Ky. met at Citizens National Bank. Present: Dr. William C. Roberts, Dr. Francis R. Beattie, Dr. Lindsay H. Blanton, Robert P. Jacobs, Charles C. Fox, and George W. Welsh. On motion, Dr. Roberts was authorized to employ Mr. Edward Saxon as Instructor in Oratory - amount appropriated for his salary $150. On motion, Prof. Chase Palmer [professor of chemistry] was appointed as expert to examine waters of Kentucky under the supervision of the U.S. Government, but this appointment is not to entail expense on the Board or interfere with instruction in his classes. On motion, the matter of furnace in Dr. Roberts' residence was referred to George W. Welsh and John A. Cheek, with authority to have the old furnace repaired or buy a new one. Committee consisting of Charles C. Fox and Robert P. Jacobs, to whom the matter of the surrender of the Haldeman notes by Dr. Lindsay H. Blanton was referred at the meeting of this committee held June 12, 1902, reported as follows: Danville, Ky., January 12, 1903 We the undersigned committee appointed on the 12th day of June 1902 by the executive of the Board of Trustees of the Central University of Kentucky to report back to said Executive Committee as to the liability of Dr. L. H. Blanton for the Haldeman notes amounting to the sum of $4,000 which had been executed by W. N. Haldeman to defray or help to defray the current or running expenses of the old Central University, Richmond, Kentucky, and which notes after being reported by Dr. Blanton as a part of the accounts of the University at Richmond was surrendered by Dr. Blanton to Mr. Haldeman, and we now find and so report that Dr. Blanton assumed the payment of these notes to the Central University of Kentucky at Danville, to be paid at the rate of $500 semi-annually beginning January 1, 1902, and of his salary as Vice President of said University and in the assumption of said obligation Dr. Blanton provided that said assumption of the Haldeman notes would cease when he should deliver to the Trustees of Central University solvent notes covering the amount of Haldeman notes, and while we find from the papers before us and the proof before us that Dr. Blanton, and through his efforts has since July 2, 1901, the date of his agreement referred to delivered or caused to be delivered to the Trustees of Central University solvent notes to more than the amount of $4,000, we yet find that these notes were secured by Dr. Blanton upon what is known as the Swope fund, and for the purpose of securing from Thomas H. Swope a cash donation at that time of $25,000 for said University, and we cannot find that they were intended or could legally be used to relieve Dr. Blanton from his obligation to pay said Haldeman notes, and we find and report from the facts before us that he is still liable for the amount of the Haldeman notes referred to above, less any payments that he may have made thereon. We have treated the question from a legal standpoint only, as we believe it to be referred to us in that way only, and we believe that Dr. Blanton could and can relieve himself of his obligation by securing and delivering to the University solvent notes taken for that purpose covering the balance due by him on the Haldeman notes. Respectfully, Charles C. Fox, Robert P. Jacobs, Committee which report was on motion adopted. On motion, the Treasurer was authorized to pay the Kinkead and Lyons annuities as they mature, and charge same to the assets of the old Central University of Richmond so long as he has cash belonging to those accounts in his hands. Motion to approve purchase of maps and charts for the English department. 28 �List of bills was read by the treasurer and ordered paid. Dr. Roberts was requested to notify the Faculty that each professor was requested to make a report on his department for the information of the Board of Trustees. Committee adjourned. John A. Cheek, Secretary May 14, 1903 Executive Committee met at Citizens National Bank. Present: Dr. Roberts, Dr. Blanton, Dr. Hunter, Dr. Smith, C. C. Fox, and Dr. Beattie. Bill of Henry M. Edmonds [instructor in physical culture] for books left in the Gym [Old Boyle-Humphrey Gymnasium] and destroyed on account of small pox, was referred to Treasurer with instructions to investigate cost of duplicating list of books, with authority to pay each to Mr. Edmonds in money if he prefers. Application of the Deinologian [Literary] Society for help in buying a carpet was declined on account of repair recently made by Board on hall. Dr. Roberts was instructed to express to them the appreciation of the committee in learning of the increased interest taken in the literary societies. On motion, Dr. Roberts, Dr. Blanton, and Mr. Cheek were appointed to secure cost of steel plate for diplomas, and secure temporary diplomas pending investigation. On motion, the financial report of the Treasurer was passed to the meeting of the full Board in June. Matter of D. C. Collins scholarship in old Central University of Richmond, and letter of Mr. E. S. Lee of Covington, was referred to Mr. Charles C. Fox. A deed to Mrs. S. P. Walters of Richmond to a small strip of land near her place in Richmond, and an amended deed for 6 feet of land to same, were ordered signed by Dr. Rout as president of Trustees. Matter of repairs to the warehouse and the Wilson dwelling at Richmond was referred to Dr. Blanton with authority to act. Request of Mrs. Robert Little for return of her note was granted on the ground stated in her letter, and Charles C. Fox was authorized to prepare proper receipt to be signed by her protecting the Board from the return of any money already paid by her on the note. Request of Mrs. George for return of her note was declined. Request of Mrs. A. E. Waters of Richmond for return of her note was referred to Board of Trustees. Dr. Blanton was authorized to make sale of the Steele cottage at Jackson for $2,000, and Dr. Rout, president of Trustees, was authorized to sign deed - the proceeds to be applied on the mortgage debt of the S. P. Lees Institute. On motion $150 was appropriated for the Central News for the year ending 1903. The question of consolidating the News and Cento was referred to committee consisting of local members of committee and Treasurer. Committee adjourned. John A. Cheek, Secretary 29 �Danville, Ky., June 8, 1903 Board of Trustees of Central University of Kentucky met in Second Presbyterian Church, Danville, Ky., at 8:30 p.m.., was called to order by Rev. Gelon H. Rout, D.D., and was opened with prayer by Dr. Blayney. Members present were Henry C. Read, George W. Welsh, Thomas W. Bullitt, J. Kinsey Smith, Charles T. Thomson, William L. Threlkeld, Lindsay H. Blanton, J. McClusky Blayney, Edward W. C. Humphrey, Gelon H. Rout, Robert T. Quisenberry, William C. Condit, Charles C. Fox, William C. Roberts, David M. Sweets, and L. Warren. The Secretary asked for assistance in keeping the minutes, and on motion Rev. Charles T. Thomson was appointed to assist. The minutes of all previous meetings since the consolidation were read, and the president of the Board was instructed to sign them as recorded. After some discussion as to the power and authority of the Executive Committee of the Board it was moved and carried that the secretary of the Board be ex officio secretary of the executive committee, and the minutes of the committee shall be recorded in the same book as the minutes of the Board of Trustees. On motion, Messrs. Bullitt, Threlkeld, and Blayney were appointed a committee to define the authority and power of the Executive Committee. Minutes of the meetings of the Executive Committee held since last meeting of Trustees in June, 1902, were read to the Board. Pending the completion of said reading the Board took a recess until 9 o'clock a.m. tomorrow. June 9, 1903, 9 o'clock a.m. Board resumed its session. The Secretary continued the reading of the minutes of meetings held by the Executive Committee during the year, which were on motion approved. Rev. John Barbour, D.D., appeared and was enrolled . The following members of the Board elected by the two Synods in October 1902, took the oath of office required before H. L. Briggs, a notary public from Boyle County, Ky. Roll call showed as present and sworn: Rev. David M. Sweets, William C. Condit, D.D., William C. Roberts, D.D., Charles C. Fox, Robert T. Quisenberry, Henry C. Read. Roll call showed as present and duly qualified: Rev. John Barbour, D.D., J. Kinsey Smith, D.D., Charles T. Thomson, D.D., Edward L. Warren, D.D., J. McClusky Blayney, D.D., Gelon H. Rout, D.D., William C. Condit, D.D., William C. Roberts, D.D., Rev. David M. Sweets and Messrs. Henry C. Read, George W. Welsh, Thomas W. Bullitt, William L. Threlkeld, Edward W. C. Humphrey, Robert T. Quisenberry, and Charles C. Fox. Secretary read letter from Mr. Lucas Brodhead explaining his absence from this meeting, and it was stated to the Board that Mr. James R. Barret was prevented from coming by a recent bereavement in the death of his wife. A letter of sympathy was directed to be written Mr. Barret by the president. The reasons for absence of Mr. Brodhead and Mr. Barret were sustained. Attention was called to the death of Mr. Robert P. Jacobs, a trustee of the University. A committee consisting of Messrs. Fox, Bullitt, and Humphrey were appointed to prepare a suitable memorial of Mr. Jacobs, and present same at next meeting of the Board. Treasurer submitted his report properly audited, which was on motion approved and ordered copied in statement book. The fiscal year of the Board was ordered closed on May 15th in each year. Messrs. Humphrey, Bullitt, and Blayney were appointed to nominate members of the permanent committees of the Board to serve for two years. 30 �Rev. William C. Roberts, D.D., president of the University, read his report, also special reports from professors Fales, Logan, Nelson, Redd, Cheek, Crooks, Gordon, Palmer, Chase, Throckmorton, and Bosley - the last two being from the College of Law and the Academy. Recommendations of the President were considered seriatim. There were referred to the Executive Committee in connection with the proper permanent committees recommendations 1-2-3-4-12-14-15-16-17. The following were adopted. No. 5, that the professor of Greek be allowed in conference with the faculty to offer the students for the next year, New Testament Greek as an additional study. No. 6, that two new wall maps be given to Prof. Samuel R. Cheek for the use of the Latin department. No. 7, that the Executive Committee be requested to visit the rooms of Prof. Clarence M. Gordon, enquire into the needs of the department for the year, and make what appropriation the condition of the funds will justify. No. 8, that the changes suggested by the professor of modern languages be authorized provided the faculty deem them wise and advantageous to the students. No. 9, that the Executive Committee be requested to do same with the Department of Chemistry as was recommended in that of physics. . No. 11, that the 15 additional desks and the $10 asked for additional wall maps by Prof. Archibald H. Throckmorton [professor of law, history, and political science] be granted. No. 13, that an increase in salary of $200 be granted Prof. Frank Chase [professor of English] for the coming year. No. 18, that a committee consisting of Drs. Roberts and Blanton, with Mr. John A. Cheek, be appointed to consider and decide on who and who are not eligible to the scholarships of Centre College. No. 10, that $200 be appropriated towards securing a proper assistant to Prof. Chase in reading and correcting the compositions of students. The balance of recommendation No. 10 was referred to committee consisting of J. Kinsey Smith, D.D., Edward W. C. Humphrey, and Robert T. Quisenberry. Board took recess until 2:30 p.m. having under consideration the report of College of Law. Board met at 2:30 p.m., and took up report of College of Law. Recommendations No. 2 and 6 were referred to Executive Committee and following were adopted: No. 1, that the Board appoint for the coming year Mess. Arthur C. Van Winkle and Charles H. Rodes, professors. No. 3, that the salaries of the professors shall continue to depend upon the revenue of the College of Law. No. 4, that the tuition fee shall be $75 per year, half of which is payable on matriculation and the remainder on February 1, the same academic year. No. 5, that the students matriculating in the College of Law have the privilege of attending free of charge for tuition any lectures or recitations they desire in Centre College; it being understood, however, that all who attend these exercises are required to pay the contingent fee like the regular students of the College. No. 7, that the books necessary to keep an accurate list of the names of the students and for other purposes be furnished the Dean of the College of Law. No. 8, that the time for opening and closing of the year in the College of Law be the same as that of Centre College, giving nine months instead of eight months to instruction in jurisprudence. On recommendation of Faculty of Centre College the following degrees were conferred. Bachelor of Arts Louis C. Allen Benj. Andres Lockwood A. Barr Matthew H. Bedford Andrew W. Bright Green Johnson Orie W. Long Shadrack S. Robinson Charles B. Schoolfield John Rockwell Smith Paul Augustus Smith George F. Wilson 31 �Robert Lockhart Archibald B. Young Bachelor of Science William P. Biggs James P. Boling Eli Brown Ray Brown Espey R. Donaldson Giltner A. Donaldson Clarence Evans John White Farmer Charles B. Harberson Hayden Hendy Jacob Tribble Huguely William H. Kendrick Robert Tate Caldwell Warren T. Cheek Edward Courtney Davis William Denny Frank A. Lyon George D. Milliken James Warren Parker Henry G. Sandifer Edward B. Snyder Benj. Vaughan James F. Wingate Herndon Yeager Master of Arts Steuben Godbey Joseph William Ireland Middlesburg, Ky. Harrodsburg, Ky. On recommendation of Faculty of College of Law. Bachelor of Laws Leroy A. Brown Rex P. Cornelison Daniel Oscar Harris Cyrus E. Morgan William H. Roberts Joseph Smith Following resolution offered by George W. Welsh was adopted, that all students on scholarship in Centre College under the control of the Board shall be listed with the Faculty as such, that when any student is placed on a scholarship he shall be notified that he is expected to attain a standing in his classes averaging 707 and if he shall fail to maintain such a standing at end of first term, he shall be notified that unless he makes substantial improvement before end of 2nd term he shall forfeit the scholarship. The Faculty may in their discretion in special cases, where students show gradual improvement and earnest effort, extend the time to close of first year. Committee appointed at this meeting of the Board to define the powers of the Executive Committee offered the following report which was on motion adopted: 1. The Executive Committee during the intervals between the meetings of the Board of Trustees shall have and may exercise all the powers of the Board, provided however, 2. That the committee may not revoke or annul or do anything in conflict with the bylaws or any resolution of the Board. 3. The committee shall keep minutes of its proceedings the same to be recorded in the minute book of the Board, and the same shall be read before the Board at its meetings for review. The secretary of the Board shall be the stated secr etary of the committee. 4. No proceedings of said committee shall be effective or binding unless carried by a vote of five (5) members or more of said committee. The committee to nominate the permanent committees offered the following, which was on motion adopted: 32 �Executive Committee - J. McClusky Blayney, Lindsay H. Blanton, J. Kinsey Smith, John G. Hunter, Francis R. Beattie, George W. Welsh, Charles C. Fox, and William C. Roberts. Buildings and Grounds- Robert T. Quisenberry, Charles C. Fox, and Charles T. Thompson Mr. James P. Boling of the Senior Class made a statement about the class annual, Cardinal and Blue, and called attention to a debt incurred in its publication. The Board decided to assume no part of the debt, but indivi dual members bought copies. Vice President read his report and it was adopted. Committee consisting of Drs. Blanton, Smith , and Thomas W. Bullitt were appointed to confer with the faculty of the Hospital College of Medicine about the lease which will expire Dec ember 1, 1903. The Finance Committee were instructed to pay the salaries monthly instead of quarterly if practicable. So much of the Vice President's report as related to the transfer of the S. P. Lees Institute to the Synod of Ky., U.S., was reconsidered, and a comm ittee consisting of Drs. Blayney, Condit, Beattie, Blanton, and Humphrey was appointed to visit the various schools in Kentucky under the two Synods, and report next year about the advisability of transferring or continuing such schools under control of the University. The committee heretofore appointed to recommend a plan for conferring honorary degrees by this Board made the following which was adopted: 1. That the only degrees conferred by the University will be D.D. and LL.D., and that not more than two of each be conferred at any one of the annual sessions of the Board of Trustees. 2. That the conditions upon which these degrees be conferred shall be real merit and special distinction in scholarship or distinguished services in the fields of literature, science, theology, or law or widely recognized ability and reputation. 3. That a committee on honorary degrees consisting of five members, who shall hold office for four years, be appointed and that this committee shall receive and pass upon all nominations for honorary degrees, before they are submitted by it to the Board for ratification or approval. 4. That the Faculty of Centre College and the faculties of the other affiliated colleges of the University be the only agencies by which nominations may be made for honorary degrees. These faculties shall refer all applications with full information concerning them to the Board. Then the Board shall place these applications and this information in the hands of its committee on honorary degrees, and then this committee shall make its recommendation to the next annual meeting of the Board for final action thereon. A two thirds vote by ballot of those present at the meeting of the Board shall be necessary to confer the degree. Dr. Beattie, Dr. Smith, Thomas W. Bullitt and Edward W. C. Humphrey were appointed Committee on Honorary Degrees. The special committee appointed at the last meeting on the Young Memorial made a report which was adopted, and the Executive committee was instructed to carry out the recommendation as soon as practicable and under the advice of legal counsel. Recess taken until 8 o'clock p.m. At 8 o'clock p.m. Board met. The report of the special committee appointed by the Executive Committee to consider the consolidation of the two papers Central News and Cento was adopted and is as follows. 33 �From the entire student body the professors in English shall select the editors in chief for both the Cento and News, said selection to be approved by the Faculty. The Executive Committee shall choose from the student body the business managers of each of said publications. The Faculty shall name from the student body 12 persons and from these twelve the student body will select three subeditors for the Cento and three sub-editors for the News. The place made vacant by death of Hon. Robert P. Jacobs was filled by the election of Hon. John W. Yerkes by the members who represented the Synod of Kentucky, U.S.A. Drs. Roberts and Blanton were appointed a committee to prepare a short history of the preliminary steps leading up to the consolidation of Centre College and Central University, and submit same to the Board. The committee appointed to confer with attorney about charges for legal services rendered at time of consolidation asked leave to report to Executive Committee, which was granted. On motion, it was ordered that Executive Committee hold two stated meetings in October and March of each year, and also such called meetings as are necessary. Prof. Chase Palmer [professor of chemistry] was allowed $28.55 as his expenses to Chicago, Ill., in attending a meeting about the Cecil Rhodes scholarships. The request of Mrs. Walters for the return of a legacy bond, and the request of J. E. Greenleaf for return of notes of Mrs. Sallie A. Miller, were referred to committee consisting of Thomas W. Bullitt and Charles C. Fox in conference with W. C. P. Breckinridge. On motion, the paper presented by Dr. Lindsay H. Blanton in regard to his liability for what is known as the Haldeman notes amounting to $4,000 was ordered filed. On account of Commencement exercises, the further reading of minutes of this meeting was suspended, and they were to be read to Executive Committee and approved by them. John A. Cheek, Secretary, Gelon H. Rout, President Danville, Ky., July 2, 1903 Executive Committee of Central University met in the Faculty Room at 9 o'clock a.m. Present: Roberts, Blanton, Beattie, Hunter, Welsh, and Fox. The minutes of the Board of Trustees held on June 8, 1903, and which had been referred to this committee, were read and on motion approved. On motion Mr. George W. Welsh was added to the Committee on Buildings and Grounds. Recommendations of the President's report, which had been referred to this committee, were taken up and disposed of as follows: No. 1. Concerning changes at the College Home [Old Centre] was referred to Committee on Buildings and Grounds with power to act, also to same committee the question of repairs at Breckinridge Hall and of a janitor at same Hall to attend to the rooms. No. 2. About repairs at President's House [Hillcrest] to same committee. No. 3. $150 was appropriated for the library. No. 4. Money not exceeding $20 appropriated for drawing tables for Prof. of Graphics. No. 12. About repairs at academy referred to Committee on Buildings and Grounds. No. 14. That Mr. Henry Edmonds be retained another year at same salary as last year as Instructor in Physical Culture was approved. No. 15. Mr. Edward Saxon was employed as Instructor in Oratory for coming year, with understanding that he be associated with Prof. Chase in reading and correcting compositions in English at salary of $800 for the entire work. 34 �No. 16. Prof. Lucien Waggener [professor of modern languages] was continued for coming year at same salary. No. 7. $100 was appropriated for an assistant in physics and balance of recommendation postponed. No. 9. $100 appropriated for assistant in chemistry and balance postponed. College of Law No. 2. Concerning division of compensation between the professors was referred to committee of Dr. Blanton, Welsh, and Fox with power to act. On motion, the question of the best method of collecting the tuition in the Law College was referred to same committee. On motion, the diploma and graduating fee in the College of Law was fixed at $7 to be paid to the treasurer of the University in the same manner and time as the same fee in Centre College is required to be paid. Dr. Beattie, Dr. Smith, and Edward W. C. Humphrey were appointed a committee to formulate bylaws, rules, and regulations of the College of Law in its relations to the University. Dr. Blanton was appointed to make settlement with Mr. Thomas W. Bullitt of his subscription and his old note. On motion, W. C. P. Breckinridge, Charles C. Fox, and Thomas W. Bullitt were authorized to represent the University in two suits filed at Richmond, Ky., for return of old subscription notes. Treasurer was authorized to sell a house and lot in Pleasant Hill, Missouri, on which a note secured by trust deed was held at $1,000 and surrender old note. Committee adjourned. John A. Cheek, Secretary Danville, Ky., November 17, 1903 The Executive Committee of Central University met in the Gymnasium. Present: Drs. Blayney, Smith, Beattie, Hunter, Blanton, and G.W. Welsh. Dr. Blayney was called to preside. Minutes of previous meeting were read and approved. Request of Prof. Alfred B. Nelson [professor of mathematics] for desks for his room was granted. Matter of Mr. Henry M. Edmonds was referred to committee consisting of Mr. Welsh, Dr. Blanton, and Mr. Fox. Prof. Frank Chase [professor of English] was granted the use of a room on the first floor of Breckinridge Hall, and he was given authority to withdraw from the library reference books for the use of his departments, for which he shall be responsible, and he was allowed to secure a student to assist him, whose compensation shall be $50 for balance of the school year. Departments of chemistry and physics are to have use of fees, but not appropriation this year. Application of Mr. Henry Edmonds for $100 for Gym was referred to Committee on Buildings and Grounds. Sale of chancellor's residence at Richmond to Mrs. L. G. Patton for $6,050 was reported by Dr. Blanton, and same was approved and president of the Board authorized to sign same. 35 �Dr. Lindsay H. Blanton was authorized to donate to Presbytery of West Lexington a lot at Jackson, Ky., provided a parsonage was built on the lot, and to sell to Miss Mary P. Irvine a lot at Jackson, Ky., for $250 which amount is to be credited on the indebtedness of the S. P. Lees Institute. On motion, the Treasurer was directed to pay a debt of the old Central University of Richmond due to the Richmond National Bank for about $800 out of the cash payment received for the chancellor's residence at Richmond sold to Mrs. Patton. The contract with the Hospital College of Medicine through its faculty was approved and ordered signed by the president of the Board. In accordance with said contract the following were elected members of the faculty of the Hospital College of Medicine: Louis S. McMurtry, A.M., M.D., President, Prof. of Gynecology and Abdominal Surgery Frank C. Wilson, A.M., M.D., Prof. of Diseases of the Chest and Physical Diagnosis Samuel G. Dabney, A.M., M.D., Prof. of Physiology and Ophthalmology Thomas Hunt Stucky, A.M., M.D., Vice President John Edwin Hays, A.M., M.D. H. Horace Grant, A.M., M.D., Treasurer P. Richard Taylor, M.D., Dean Philip F. Barbour, A.M., M.D., Secretary Edward Speidel, M.D. George A. Hendon, M.D. The matter of school at Campbellsville, Ky., was referred to the committee on affiliated schools appointed at last meeting of the Board in June. The present chairman of this committee is authorized to express warm and prayerful sympathy with Dr. Roberts in his sickness. Treasurer was directed to pay Dr. F. H. Montgomery $100 in full of his services in the small pox care, and the bill of Dr. Fayette Dunlap was referred to the Committee on Buildings and Grounds. Committee adjourned. John A. Cheek, Secretary Danville, Ky., November 30, 1903 Meeting of the Executive Committee of Central University was held at the Second Presbyterian Church, Danville, Ky. Present: Drs. Blayney, Blanton, Beattie, Smith, Messrs. Welsh, and Fox. On motion, Dr. J. McClusky Blayney was elected chairman of the Executive Committee. Mr. Robert T. Quisenberry was elected a member of the Executive Committee to fill the vacancy caused by the death of Dr. William C. Roberts. The following action of an informal meeting of the trustees present in Danville was presented to the Executive Committee: It was unanimously resolved that it is the sense of the informal meeting of the Trustees of Central University of Kentucky that the Executive Committee of said University at once take up the consideration of filling the office of president of said University, and that the committee suggest to this Board at its next regular meeting the name or names of several gentlemen who in their judgment would be fitted for such presidency. 36 �The above informal action by the trustees was adopted by the Executive Committee, and a committee consisting of Drs. Blayney, Smith and Blanton were appointed to carry it out. On motion the following paper was adopted: Whereas in the providence of God, Rev. William C. Roberts, D.D., LL.D., the president of Central University, has been removed from his place and work among us by death, resolved 1. 2. 3. 4. That the Board of Trustees of Central University hereby express their great regret in the loss of Dr. Roberts, together with the record of their highest esteem for his character and the noble endeavors which he made for the success of Central University. That Dr. Blanton, the Vice President of the University, shall continue to discharge all the duties of his office as heretofore, and shall also assume such matters of correspondence and business management as relate to the affairs of Centre College and the University in conference with the Dean of Centre College. That Dr. John C. Fales be requested and is empowered with all the authority and functions of the president of Centre College as far as relates to the internal administration and discipline of the College. That a copy of these resolutions shall be sent to Dr. Blanton and Dean Fales, and be read before the Faculty and the students of Centre College. Copies of above were to be furnished to Dr. Blanton and Dean Fales, and read by Robert T. Quisenberry and Charles C. Fox at the College chapel. Committee consisting of Drs. Beattie and Rout were appointed to present a suitable minute on death of Dr. William C. Roberts. Committee adjourned. John A. Cheek, Secretary Lexington, Ky., February 11, 1904 The Board of Trustees of Central University met pursuant to call. There were present: Drs. Barbour, Smith, Thompson, Warren, Blanton, Blayney, Glass, Rout, Condit, Sweets and Messrs. Welsh, Alexander, Threlkeld, Humphrey, Quisenberry, Barret and Yerkes. The following qualified by taking the required oath, viz ., Rev. John Barbour, D.D., Dr. A. J. Alexander, G. W. Welsh, J. R. Barret, and John W. Yerkes. The committee appointed by the Executive Committee made report recom mending the name of Rev. William L. McEwan, D.D., of Pittsburgh for president of the University. On motion , the election was taken by ballot, resulting in the unanimous election of Rev. William L. McEwan, D.D. On motion, Drs. Blayney, Blanton, and Hon. John W. Yerkes were appointed a committee to press on Dr. McEwan the acceptance of the position to which he had been elected. On motion, the report asked for by the Education Commission of the Presbyterian Church in the U.S.A. was referred to the chairman of the Executive Committee. On motion, the efforts of Dr. Blanton to reach Mr. Andrew Carnegie were approved. An amount not exceeding $50 was appropriated for a display at the World ’s Fair at St. Louis. On motion, it was ordered that the annual meeting of the Board be held on the first Thursday of March, provided Dr. McEwan decided to meet the Board on a visit to Danville at that time. 37 �The thanks of the Board were extended to Mr. and Mrs. William L. Threlkeld for their generous hospitality in entertaining the Board. Board adjourned. John A. Cheek, Secretary, Gelon H. Rout, President Danville, Ky., April 7, 1904 The Board of Trustees of Central University met in the Y.M.C.A. room, Centre College, Danville, Ky., at 12 noon. In the absence of the president, Dr. Gelon H. Rout, Rev. J. McClusky Blayney, D.D., was elected president pro tempore. There were present: Drs. Blayney, Blanton, Hunter, Beattie, Glass, Warren, Condit, Thompson, Sweets, Messrs. Threlkeld, Fox, Bullitt, Quisenberry, Welsh, and Simpson. As a vacancy in the Board existed by reason of the death of Dr. William C. Roberts, the members of the Synod of Kentucky U.S.A. presented the name of John A. Cheek to fill the vacancy. Mr. J. A. Cheek was unanimously elected to fill the office of Trustee. Vice President Dr. Lindsay H. Blanton called the attention of the Board to an agreement between Dr. William C. Young and Mr. Thomas Lindsay Blayney that Mr. Blayney, after graduation at Centre College, had gone to Europe to prepare himself for the chair of Modern Languages in Centre college. The agreement was ratified by Dr. Roberts when president. Mr. Blayney is now ready to return to America, and the Board was asked to consider the name of Mr. Blayney as instructor in the chair named. It was moved and carried to refer the whole question to the Executive Committee. Messrs. John A. Simpson and John A. Cheek having taken the oath of office before a notary public for Boyle County, Ky., were enrolled as members of the Board. The question of electing a president was taken under consideration. Dr. Blayney, the chairman of the committee to nominate a president, made a statement of what had been done since Dr. McEwan declined. Endorsements of Rev. Frederick W. Hinitt, D.D., Ph.D., were read. Dr. Lindsay H. Blanton made a report of a visit to Fairfield, Iowa, and the result of a conference with Dr. Hinitt. On a ballot vote Dr. Frederick W. Hinitt was unanimously elected president of Central University at a salary of $3,000 per annum, and the use of the president's house and grounds attached. On motion, Dr. Blayney was instructed to telegraph at once to Dr. Hinitt the announcement of his election. After recess for luncheon, business was resumed. Dr. Blanton asked for instruction about retaining the services of Prof. Edward Saxon as Instructor in Oratory. It was referred to a special committee consisting of Dr. Blanton and Dr. John C. Fales to confer with Prof. Saxon and Caldwell College, and if possible retain Mr. Saxon at a salary of not exceeding $1,000. Drs. Hunter and Warren were excused from further attendance. A note of Mr. Daniel Bedinger with accumulated interest was ordered to be collected by the Executive Committee. A vote of thanks was tendered to Mrs. John C. Fales and Mrs. John A. Cheek for the lunch served today . A vote of approval for the diligence and success of the committee to nominate a president was passed. Securing an instructor for the Gymnasium [Old Boyle-Humphrey Gymnasium] and associated work was referred to Dr. Blanton, Dean Fales, and Prof. Gordon at a salary not to exceed $750. 38 �The acting chairman was instructed to convey to Dr. Gelon H. Rout, president, the sympathy of the Board in view of his present illness. Board adjourned and was closed with prayer. John A. Cheek, Secretary Danville, Ky., April 25, 1904 The Executive Committee of Central University met at the Citizens National Bank, Danville, Ky. Present: Drs. Blayney, Beattie, Blanton, Smith, Hunter, Messrs. Fox, Quisenberry, Welsh. On motion, the local members of this committee were appointed as a subcommittee with power to act in the matter of changing the date of Commencement. On motion, Dr. Thomas Lindsay Blayney was elected as Instructor in Modern Languages for one year, 1904-05, at a salary of $1,000. On motion, the Treasurer was directed to pay to the estate of William C. Roberts $250 as the balance of the salary due to W. C. Roberts to January 1, 1904. The Secretary was authorized to fill out the blank for the College Endowment commission, binding this Board for not exceeding $500. In the claim of Henry M. Edmonds [instructor in physical culture] for additional salary, the Secretary was authorized to show Dr. Roberts recommendations and the action of the Board. The Treasurer was authorized to pay the expenses of Drs. Blanton and Blayney while acting as a nominating committee. On motion, Dr. Blanton was requested to get an estimate of the total expenses of making a display at the World’s Fair at St. Louis. Dr. Dunlap's bill, $50 in small pox care, was ordered paid. Committee adjourned. John A. Cheek, Secretary Danville, Ky., June 6, 1904 Board of Trustees of Central University of Kentucky met in Second Presbyterian Church, Danville, Ky., and was opened with prayer. There were present: Drs. J. McClusky Blayney, Harvey Glass, William C. Condit, Lindsay H. Blanton, Charles T. Thompson, Messrs. William L. Threlkeld, Rev. David M. Sweets, Charles C. Fox, John W. Yerkes, Henry C. Read, Dr. A. J. A. Alexander, John A. Simpson, and John A. Cheek. On motion, Dr. J. McClusky Blayney was elected president pro tempore of the Board. A communication about certain lands in Florida was referred to a committee consisting of Messrs. Yerkes and Fox to report at this meeting of the Board. On motion, Dr. Blayney was authorized to sign the diplomas of the present year and the previous year, as president of the Board. The Board took recess until Tuesday at 8:30 a.m. 39 �The Board met in same place on Tuesday, June 7th 1904, at 8:30 a.m. and was opened with prayer. There were present all the members enrolled last evening, and in addition Drs. Edward W. Warren, Francis R. Beattie, J. Kinsey Smith, Messrs. James R. Barret, George W. Welsh, Thomas W. Bullitt, and Robert T. Quisenberry. At request of the secretary, Dr. Charles T. Thompson was appointed to assist the Secretary in keeping the minutes of this meeting. The minutes of the previous meetings of the Board and of the Executive Committee were read and approved. The secretary reported that the names of the committees on Finance and Morals and Discipline had been lost or misplaced before the minutes were recorded. On motion, the Committee on Finance was constituted as follows: Edward W. C. Humphrey, Charles C. Fox, Robert T. Quisenberry, and George W. Welsh; and the president pro tempore was authorized to appoint the committee on Morals and Discipline which was done as follows: Drs. Francis R. Beattie, William C. Condit, and Dr. A. J. A. Alexander. A committee consisting of Messrs. John A. Cheek, Dr. Francis R. Beattie, and Hon. John W. Yerkes were appointed to arrange a docket for the business of the Board. The Treasurer's report was read and received and ordered entered on the statement book of the Board. A special committee consisting of Dr. Francis R. Beattie, John A. Simpson, James R. Barret, and George W. Welsh was appointed to consider the Treasurer's report and make report at this meeting of the Board on any items requiring attention. The report of Dean John C. Fales was received and considered. The recommendations of the Faculty of Centre College to confer the degrees of B.A., B.S., M.A., and M.S. was adopted and degrees conferred as follows. Bachelor of Arts Harvey Park Barrett Francis Powell Cheek John McElroy Cochran Benjamin Franklin Ewing Edmont Pendleton Lane Carl Theodore Michel Joseph Davidson Harkins William Harry Higgins John Calvin Hopkins Edwin Kagin Mark Mitchell John West Powell William Frank Wyatt Bachelor of Science John Robert Anderson Harry Brown Sanders Eaves Clay Gustavus D. Crain Paul Doneghy Milton Jameson Durham Joseph Crittenden Finnell James Robert Ginn Edwin Lee Gowdy Herbert Green Thomas Jackson Ernest Given Howe Thomas Albright Stewart George William Tarkington David Butler Thurman George Foley Wycoff Master of Arts Andrew Whitley Bright Alfred Alcorn Higgins John Rockwell Smith Danville, Ky. Stanford, Ky. Henderson, Ky. 40 �Master of Science Edward Bedell Snyder Charleston, West Virginia Report of Dean Throckmorton of the College of Law was read and referred to a special committee consisting of Messrs. Charles C. Fox, Robert T. Quisenberry, and Hon. John W. Yerkes. On recommendation of Faculty of College of Law the degree of Bachelor of Laws was conferred on: William Wiley Craft Edward Courtney Davis Clarence Evans Robert Riddell Friend Steuben Godbey Herbert Livesey King Clyde Roland Levi Frank Amos Lyon, Jr. Clarence Miller George Duncan Milliken Louis Pechanick Pink Charles Beard Schoolfield George Foley Wycoff The report of the librarian was read and considered and the card case requested granted. The reports of the professors of geology and biology, of chemistry, physics, English, history were each read and received, and referred to the Executive Committee. Report of the professor of philosophy was received, read and filed. The reports of the professors of mathematics, modern languages, Latin, Greek, and the instructor in oratory were each read, received, and referred to the Executive Committee. A communication from Mr. D. Douglass Flattery read and on motion placed on the table. Rev. John Barbour, D.D., appeared and was enrolled as a member of the Board. Vice President Rev. Lindsay H. Blanton read his report which was received and considered. Board took recess until 2 o'clock p.m., when the Board was to meet in the Y.M.C.A. room at the College Gymnasium. At 2 o'clock p.m. the Board met in the gym, and the consideration of the Vice President's report was continued. The recommendations were referred to the Executive Committee. On motion, Mr. John W. Barr, Jr. of Louisville, Ky., was appointed to act as alternate of Edward W. C. Humphrey in his absence in cutting coupons from bonds in the vault of the Fidelity Trust Co. of Louisville, Ky. The memorial of President William C. Roberts was read and adopted, which was as follows: William Charles Roberts, the late lamented president of the University, was born in Aberyrythe, Wales, September 23, 1832, being the son of Charles Cross Roberts. He came to this country when a young man, entered Princeton University and graduated with distinction in 1855. He at once entered Princeton Theological Seminary and graduated thence in 1858. He entered immediately upon the work of the ministry, and held important Pastorates as follows: First Church, Wilmington, Delaware, 1858-1862; First Church, Columbus, Ohio, 1862-1864; Elizabeth, N. J., 1864-1882. From the year 1882 till his death in 1903 he occupied important executive positions in the service of the church. He was Secretary of the Board of Home Missions from 1882 till 1886. He was called to the presidency of Lake Forest University in 1886 and remained in this position till 1892 when he was made Senior Secretary of the Board of Home Missions which position he retained till 1898. He was honored with the Moderatorship of the General Assembly in 1889 and was chairman of the Revision Committee 1890-1892. He was also a member of the General Councils of the Alliance of the Reformed Churches in 1877, 1884, 1896 and for twenty years was a trustee of Princeton University. 41 �In the year 1898 Dr. Roberts was called to the presidency of Centre College, Danville, Ky., in which important position he rendered his final service to the church and Christian education. In 1901 he took a leading, prudent, and helpful part in the deliberations which resulted in the consolidation of the educational institutions of the two Synods of Kentucky [Centre College and Central University].He was deeply devoted to the welfare of the institution of which he was head, and he had plans for the extension of its work and influence, which he was not spared to mature. For about a year before his death he began to fail, and he gradually declined till the end came rather suddenly on November 28, 1903. In addition to his work as pastor, Executive Officer of the Home Mission Board, and as an educationist he was the author of several useful books. The chief of these are: The Great Preachers of Wales, Translations of the Shorter Catechism into Welsh, and New Testament Conversions. In 1858 he married Mary Louise Fuller of Trenton, N. J., who proved a noble help-mate to him, and who now survives to mourn his loss. Your committee recommend the adoption of the following resolutions: 1. 2. That the Board of Trustees expresses its appreciation of the long and faithful and fruitful service which Dr. Roberts rendered to the church at large, and it places on record its testimony to the conscientious and useful work which he did as president first of Centre College and afterwards of Central University, and it further gives an expression to the sense of loss which the Church and this institution have sustained by his decease. That this memorial be inscribed upon the minutes of the proceedings of the Board, and that a copy of the same be sent to the family of the late Dr. Roberts, together with an expression of the sincere sympathy of the Board with them in their affection and loss, and the prayer that the divine consolation may be given them. The ad interim committee on rules and regulations of the College of Law made a report. Pending the discussions, a reconsideration of the action about Dean Throckmorton's report this morning was taken. The report of the Dean and the ad interim committee were referred to the Executive Committee for further action. The Treasurer announced that Mrs. Roswell Miller had notified him of her withdrawal of the Miller Prizes. Hon. John W. Yerkes then authorized the prize to be offered next year, and agreed to raise the $150 to pay same. Dr. Smith and Mr. Threlkeld and Rev. M. Sweets were excused from further attendance on this meeting. The committee to whom were referred a communication about certain Florida lands reported recommending that the deeds requested be referred to the commissioners of the Kentucky School for the Deaf, Danville, Ky., for approval, with the understanding that Central University will sign said deeds if requested by said commissioners. The contract between the faculty of the Hospital College of Medicine, Louisville, Ky., and Central University of Kentucky for a twenty years lease and sale of certain real estate in Louisville, Ky., used by said Hospital College was read, and on motion was approved, and Gelon H. Rout, president of this Board, was authorized to sign same on behalf of Central University of Kentucky. Following is a copy of said agreement. This agreement made and entered into this 1st day of December 1903, by and between Central University of Kentucky (hereinafter designated as Central University) party of the first part, and P. Richard Taylor, H. Horace Grant, Frank C. Wilson, Theo Hunt Stucky, L. S. McMurtry, S. G. Dabney, Philip F. Barbour, Edward Speidel, John Edwin Hays, G. A. Hendon, their associates and successors as herein provided for, parties of the second part, Witnesseth In consideration of the mutual covenants and undertakings of the parties hereto, as herein expressed, it is agreed between them as follows, to wit: 42 �l. Central University hereby leases to the parties of the second part, for a term of twenty years beginning December 1, 1903, and terminating December 1, 1923, that certain tract or parcel of land in the City of Louisville, County of Jefferson, State of Kentucky, with the buildings and improvements hereon bounded and described as follows, to wit: "Fronting sixty feet on the south side of Chestnut Street between Floyd and Preston Streets extending southwardly between parallel lines of equal width throughout 200 feet to an alley, the west line thereof being feet from Floyd Street, being the same property upon which the Hospital College of Medicine now stands", and covenants to keep the second parties in said term of said premises during said term of twenty years. Said premises are to be used as a college of medicine as hereinafter described and not otherwise. II. The second parties agree to pay to Central University as rent for said premises, during each year of said term, the sum of $1,107.50 payable semi-annually in equal installments on the first days of June and December each year. Each of said installments is represented by a promissory note for $553.75 bearing even date herewith payable to the order of Central University and payable and negotiable at the Union National Bank of Louisville, Kentucky, and signed in the name of the Hospital College of Medicine by H. H. Grant, Treasurer, it being agreed by the second parties, that each of said notes, signed in the form aforesaid, is the act and the joint and several promissory note of the second parties and is to have the same effect as if signed by said several second parties. Said notes are numbered serially from one to forty and are payable two in each year for twenty successive years after December 1, 1903, the first two notes being payable on the first days of June 1904 and December 1904 respectively, and the last two notes being payable on the first days of June 1923 and December 1923 respectively. It is believed by both parties that the said leased premises are under the constitution and laws of Kentucky exempt from tax action. If however, said premises shall hereinafter become, or if it shall be hereafter held that same, during the whole or any part of said term are subject to taxation for state, county or leity purposes, the second parties agree to pay the same and will indemnify and hold harmless Central University against taxes. III. The second parties shall be at liberty from time to time during the term of this lease, to alter or rearrange the buildings now upon the property, or to add to or erect new or additional buildings on the premises all at their own expense, but not in such manner as to impair or lessen the value of the buildings as they now stand. IV. The second parties shall at their own expense keep the present improvements and any improvements hereafter made upon the premises in good repair, and insured against destruction by fire or wind in solvent companies for a sum of not less than $20,000. If they should fail to do so, Central University may at the expense of the second parties take out such insurance and make repairs. V. Central University agrees that at the expiration of said term of twenty years, it will sell to the second parties and the second parties agree that they will at said time purchase from Central University the premises herein above mentioned at the price of $22,150 cash in hand to be then paid, provided however that if at any time during said term of 20 years the leased premises shall become or shall by proper courts be held subject to state, county and leity taxation or either, then and in that event there shall be deducted from said sale price of $22,150 the sum of $100 per annum for the entire period during which the premises as aforesaid have been subject to taxation. VI. The second parties now constitute the faculty of Central University in the medical department thereof, which is established on said premises, subject to the terms and provisions hereinafter mentioned, Central University agrees to continue said department and to continue the second parties as the faculty thereof during the term of this lease, and the second parties agree earnestly and faithfully to conduct the same in such manner as to maintain for said department a high and honorable standing as compared to the other medical schools of the country. VII. Central University will confer all proper and usual medical degrees upon the recommendation of the faculty. VIII. If either of the second parties shall die, or shall resign as a member of the faculty, or by reason of ill health or other cause shall be disabled from performing his duties as a professor or teacher in said medical department, his obligations and his rights and privileges under this agreement shall thereupon cease. His successor, when recommended by a majority of the remaining members of the faculty, will be appointed by Central University to fill the vacancy, provided however, 43 �1. 2. That the appointee shall be a man of good moral character and of reasonably fair attainments in the medical profession. That he shall sign this agreement and assume all obligations of his predecessor. The members of the faculty as constituted from time to time, pursuant to this agreement shall constitute the second parties hereto, and shall be bound by same in all its terms, as if it had been originally executed and delivered by said then existing members of the faculty. IX. The income derived from tuition and other fees paid by students in the said medical department of Central University shall be collected and received by the second parties as agents for Central University, and distributed among them as their compensation for services as professors or otherwise in said medical department in proportions according to agreement among themselves; provided however that all rentals, repairs, insurance and other obligations imposed hereby upon the second parties in behalf of Central University shall be paid in full before any such apportionment or distribution of said funds shall be made to or among the second parties. The funds so collected, received and distributed shall be the entire compensation to be paid by Central University to the second parties for their services to the University and Central University shall be under no obligation to pay them any other or further compensation nor shall Central University become liable at anytime for any expenses of conducting the Institution. X. If the second parties shall at any time fail to or refuse to pay the rentals or perform the duties and obligations herein undertaken by them for a period of six months, Central University shall have the option at any time thereafter to terminate this contract. Thereupon the rights and obligations of both parties hereunder shall cease and determine, as of the date of such termination. obligations previously incurred there under shall not be affected thereby. XI. If at any time any member of the faculty shall become so far obnoxious to the other members thereof, that his resignation shall be requested by two-thirds of the faculty, such member shall resign, or shall be removed from his professorship by Central University, and thereupon the vacancy shall be filled in manner and form as hereinbefore provided with reference to death and resignation. Thereupon the obligations of such retiring member and all his rights under this agreement in so far as Central University is concerned shall cease and terminate. Any rights which he may have as between himself and the second parties hereto shall depend upon and be determined by agreement between themselves. XII. The second parties or some of them are bound upon certain obligations secured by the following mortgage on what is known as the Gray Street Infirmary, viz. A mortgage bearing date September 28, 1900, recorded in the Jefferson County Court Clerk's office in deed book 545, page 24, securing bonds of the par value of $10,000. The parties of the second part bind themselves to cause said mortgage debt to be paid off at the rate of $1,000 per annum, and to cause said entire mortgage debt to be paid off within nine years from this date. After the expiration of said period of nine years and whenever said mortgage shall have been paid off or released, if so paid off or released before the expiration of said period, the second parties shall begin and during each year thereafter shall pay to the Fidelity Trust Company as Trustee the sum of $1,000 to be held as a sinking fund to secure to Central University the payment at the end of twenty years from this date of the purchase price of $22,150 above mentioned. The Trust Company, shall as nearly as practicable, keep said fund invested in good interest bearing securities to be approved by the second parties. In lieu of said $1,000 per year cash the second parties may deposit in said Trust Company good solvent mortgage bond or bonds to be approved by Central University. In either event the second parties, being owners of the fund, shall be entitled to receive the income there from. The deposit of money or bonds as herein provided for shall be on the first day of December in each year. 44 �Securities in the hand of the Trust Company may at any time be sold by it and reinvested with the consent of Central University and the Treasurer of the second parties. Witness the corporate name and seal of Central University, and the names of the several second parties, this the day and year first above written. Central University of Kentucky by G. H. Rout, President Board of Trustees P. Richard Taylor, Dean H. Horace Grant, Treasurer Frank C. Wilson Theo Hunt Stucky L. S. McMurtry S. G. Dabney Philip F. Barbour Edward Speidel John Edwin Hays G. A. Herndon Hon. Thomas W. Bullitt was excused from further attendance on this meeting of the Board. The request of President Hinitt elect for an office in the College buildings was referred to the Committee on Buildings and Grounds, with directions to carry out his request. On motion it was ordered that the salary of President Hinitt begin July 1, 1904, and the action of the treasurer in paying him $50 for preaching the Baccalaureate sermon was approved. A committee consisting of Doctors Blayney, Blanton, Warren, and Thompson were appointed to arrange for the inauguration of President Hinitt, with the purpose of having both Synods of Kentucky invited to attend the inauguration to be held in Danville. The request of President Hinitt for a stenographer was referred to the Executive Committee. A recess was taken until 8 o'clock p.m., the meeting to be held in the Second Presbyterian Church. At the appointed time and place the Board resumed its session. The ad interim committee on the affiliated schools and their relations to the University reported progress, and asked to be continued for another year, which was granted. The S. P. Lees Institute at Jackson, Ky., one of the affiliated schools, was recommended for aid to the College Board of the Presbyterian Church U.S.A. and to the General Assembly's committee of Home Missions of the Presbyterian Church in U.S. for the amount of $750 in each case to be used in its support next year. The special committee appointed at this meeting to consider and report on the Treasurer's report made the following report which was adopted: The special committee to whom was referred the treasurer's report for consideration beg to report, 1. 2. We would, first of all, commend the care and diligence of the Treasurer and the Finance Committee in their handling of the funds of the institution, and we would express satisfaction with the clear and detailed financial statement of the Treasurer, which has been placed in our hands. And we would recommend that the Treasurer and Finance Committee exercise care that all interest on unpaid subscriptions to the funds of the Institution be regularly collected. We have examined the several items of expenditures for the current year, and would call attention to the following items in regard to which there might be some reduction. (a) The bonus to the Central News and the Cento we think should not exceed $150 a year, (b) The sum of $630 for canvassing for students we 45 �3. 4. think might be curtailed, (c) The sum of $1,020 for three janitors seems to us rather more than is really necessary. We recommend that the Board and Executive Committee exercise as great economy as is consistent with efficiency in all appropriations for the next year. In particular, we would suggest (a) that there be no increase in salary list for this year; (b) that in making appropriations for assistants and appliances in the several departments, the utmost economy be exercised; and (c) that in general every proper effort be made to keep the expenditures as nearly as possible within the income. We would recommend that steps be taken to get rid of the deficits of the last two years. With this end in view we recommend that the Executive Committee be instructed to devise some plan whereby this deficit may be extinguished by special subscriptions. And we would further recommend that the Executive Committee be directed to formulate, and carry into effect some plan whereby suitable equipment may be provided for the scientific department, without drawing upon the regular funds of the Institution for this purpose. Prof. Frank H. Chase was elected Instructor in English for another year at a salary of $1,400, the Board however reserving the right to terminate his services at any time during the year, if in the judgment of the Executive, Prof. Chase fails to properly control the students in his classroom. The secretary is instructed to furnish a copy of this action of the Board to Prof. Chase, and secure his acceptance of this condition. Mr. John A. Cheek resigned his position as a trustee, which was accepted. A recess was taken after which the members of the Board of Trustees which had been elected by the Synod of Kentucky (U.S.A.) presented the name of Dr. Frederick W. Hinitt for the vacancy caused by the resignation of Mr. John A. Cheek, and by unanimous action of the Board Dr. F. W. Hinitt was elected a trustee. Board took recess until 8:45 o'clock a.m. next morning. Board met in Second Presbyterian Church at 8:45 a.m. The minutes were read and approved for record. The Treasurer was instructed to present to Dr. John C. Fales $100 for his faithful and efficient services as Dean of the Faculty during the vacancy in presidency. The Treasurer was directed to pay Mr. Henry M. Edwards [instructor in physical culture] for apparatus bought by him and left at the gymnasium. After prayer the Board on motion adjourned. John A. Cheek, Secretary, Gelon H. Rout, President Danville, Ky., June 8, 1904 The Executive Committee of Central University met in the Second Presbyterian Church. Present: J. McCluskey Blayney, Francis R. Beattie, Lindsay H. Blanton, Charles C. Fox, and GeorgeW. Welsh. Mr. Henry Jackson and William J. Price were elected professors in the College of Law for one year at a salary in each case of $50 per month for the time required to give instruction in the subjects, as assigned to each by the Dean of the College of Law. Committee adjourned. John A. Cheek, Secretary Danville, Ky., August 3, 1904 The Executive Committee of Central University met at the Citizens National Bank. Present: J. McCluskey Blayney, Francis R. Beattie, Lindsay H. Blanton, John G. Hunter, George W. Welsh, Frederck W. Hinitt. 46 �Report of the professor of geology was laid over for future action. Report of the professor of chemistry was considered, and an assistant allowed at salary not to exceed $100 for the year. Report of the professor of physics was considered, and an assistant allowed at not exceeding $100. Report of professor of English was considered, and an assistant and curator of the reading room allowed at a salary not exceeding $125. Report of professor of history was considered, and the sum of not exceeding $25 for new books in American history was allowed. Report of Prof. Alfred B. Nelson [professor of mathematics] was considered, and cost of 10 additional desks was allowed. Recommendations in Vice President's report were approved as follows., 1. 2. 3. Philip B. Moss of Fort Smith, Arkansas, was appointed to take charge of the College Home for the next year. That a committee of five members of the Board of Trustees be appointed to take into consideration the whole question of College fees, and report to the next regular meeting of the Trustees. That a committee of three members of the Board, of which President Hinitt shall be one, and chairman be appointed to inquire into the necessity or propriety of enlarging and better supplying the Danville Academy. Mr. Waller C. Hudson was employed to take charge of the Gymnasium for the coming year at a salary of $200 and his tuition and contingent fee, with the free use of a room in the Gymnasium [Old Humphrey-Boyle Gymnasium]. On motion, duly carried, it was decided to be the sense of this committee that the department of Dr. John C. Fales [professor of geology and biology] should receive consideration at the hands of the Board next in order. Committee adjourned. John A. Cheek, Secretary Danville, Ky., January 16, 1905 The Executive Committee of Central University met at the office of President Hinitt. Present: J. McCluskey Blayney, Francis R. Beattie, Lindsay H. Blanton, Frederick W. Hinitt, and George W. Welsh. President Hinitt presented a list of three courses of study for Centre College, marked Course "A" Classical, Course "B" Modern Language, and Course "C" Scientific. These three courses, as found on following page of this record, were adopted and approved, and the entrance requirements therein named were made effective in September 1906; and this committee recommended to the Board of Trustees that one degree of Bachelor of Arts be given for all three courses. Judge A. P. Humphrey of Louisville, Ky., was requested to take the place of Hon. William C. P. Breckinridge, deceased, on the committee to look after the litigation in the Madison Circuit Court and in the Court of Appeals of Kentucky growing out of the consolidation of the two institutions. Dr. Lindsay H. Blanton explained to the committee an exchange of streets at Jackson, Ky., which was desirable, which was approved, and 120 feet running with this street was sold to [blank space] for [blank space] dollars, and the deed ordered made, the proceeds of the sale to be applied on the debt of the S. P. Lees Institute. Miss Kate Hinitt was employed as stenographer and typewriter in the President's office at a salary of $300 for the year beginning September 1, 1904. The resignation of Prof. Frank H. Chase [professor of English] was accepted as well as his proposition about compensation, and the Treasurer was instructed to make payments as stipulated to carry out same. 47 �President Hinitt was authorized to make arrangements for instruction in English for the balance of the College year. Committee adjourned. John A. Cheek, Secretary [See http://www.centre.edu/web/library/sc/digital/pdf/bt_1905a.pdf for course requirements as attached to this page in the volume of minutes] Louisville, Ky., March 31, 1905 A called meeting of the Board of Trustees of Central University of Kentucky was held in the parlor of the Galt House. Those present at the hour named in the call took recess until 4 o'clock p.m. to meet in same place. At 4 o'clock p.m. the Board met with Francis R. Beattie, Ccharles T. Thompson, Edward L. Warren, Lindsay H. Blanton, J. McCluskey Blayney, Frederick W. Hinitt, John Barbour, David M. Sweets, Thomas W. Bullitt, W. L. Threlkeld, Edward W. C. Humphrey, Charles C. Fox, A. J. A. Alexander, and George W. Welsh, present. The oath of office was administered to Drs. Beattie, Warren, Hinitt, Messrs. Bullitt and Threlkeld and Dr. Thompson, by Zella M. Hulse a notary public for Jefferson County, Kentucky. The report of President Hinitt was received and read. The offer of Mr. Andrew Carnegie to give $30,000 for a library, on condition an additional $30,000 was raised for its endowment, was read and on motion of President Hinitt it was accepted. A special committee, consisting of President Hinitt, Messrs. Welsh, Alexander, and Bullitt, was appointed to report a plan for raising the required amount, which committee was to report to an adjourned meeting of the Board to be held the next morning. A copy of a letter from Mr. Anthony Dey to Dr. John W. Scott of Lexington was read to the Board, indicating his desire to assign his right of nominating in scholarship heretofore given by him to Centre College to the Second Presbyterian Church of Lexington, Ky. The Board granted the request of Mr. Dey subject to the restrictions under which these and other scholarships given to Centre College at that time was created. The recommendation of President Hinitt that the degree of B.A. be granted for all three courses, adopted by the Executive Committee at its meeting January 16, 1905, was approved and adopted by the Board. In view of the condition of the finances of the College, the Board did not see its way clear to continue the employment of Prof. Edward Saxon in Oratory, but expressed its appreciation of the qualifications of Prof. Saxon and the work done by him in this department. Mr. Thomas Lindsay Blayney was continued as Instructor in Modern Languages for the year 1905-06 at a salary of $1,600 per annum. President Hinitt was authorized to expend as much as $500 to secure proper assistant in the athletic department for the coming year. Board took recess until 9:30 a.m. Board met in parlor of the Galt House. Special committee on plan to raise money to secure the Carnegie library reported through Mr. Thomas W. Bullitt that the whole matter should be put in the hands of President Hinitt, with authority to appoint subcommittees in Danville and elsewhere. President Hinitt gave notice of changes in the bylaws to be acted on at the regular meeting of the Board in June as follows. 48 �1. 2. 3. 4. That chapter six, section five, be amended by striking out the words: "This signature will entitle him to all the privileges of a college student, and no one who is not matriculated is entitled to them." That chapter nine, section two, be amended by the addition of the words, in third line after the word deposit, "of one dollar." In line four, to strike out the words, "in September and January" and in their place the following words, "at the opening of each term." In chapter twelve, section one, strike out the words: “one half of the tuition and contingent fee is payable on matriculation and the remainder on January 10th of each year", and in their place substitute the following: "Tuition shall be paid as follows: at the opening of first term $18.00 tuition, $6.00 contingent fee, at the opening of second and third terms $16.00 tuition and $5.00 contingent fee." In the last line of same section, strike out the words "professor in charge" and insert in their place "treasurer of the College." In chapter fourteen, section four, strike out in third line the word "second" and the words "and M.S." In the fourth line strike out the words "one of three or four courses of" and in the seventh and eighth lines the words "It may be done however in two years by spending only a part of the time in Danville." In fourth line after the words "examination on" insert the following: "A major and minor course of study of not less than fifteen hours per week during the year. The Faculty shall provide proper regulations for the governing of this course. Mr. Charles C. Fox and Robert T. Quisenberry were requested and authorized to act as attorneys to attend to the suit in the Boyle Circuit Court of J. B. Caldwell on action of Mrs. Mary J. Lyons against Central University. The employment of an instructor in English for the year 1905-06 was placed in hands of President Hinitt with authority to offer a salary of $1,200 for the first year, with an increase of $200 for the second year if he gives entire satisfaction, and for the third year a salary of $1,600 and an election to a professorship, if at that time he has given entire satisfaction during the whole time of his employment. The secretary was requested to notify all the members of the faculties of Centre College and the College of Law, that it is the request and wish of the Board of Trustees that they wear caps and gowns on Commencement day. Board adjourned. John A. Cheek, Secretary, Gelon H. Rout, President Danville, Ky., June 12, 1905 The Board of Trustees of Central University of Kentucky met in Second Presbyterian Church. Present: Francis R. Beattie, J. McCluskey Blayney, Gelon H. Rout, Lindsay H. Blanton, Charles T. Thompson, Frederick W. Hinitt, David M. Sweets, Thomas W. Bullitt, William L. Threlkeld, Robert T. Quisenberry, Charles C. Fox, Henry C. Read, and George W. Welsh. Letters were read from Drs. Hunter and Warren, Messrs. Barret, Yerkes Humphrey, and Dr. Smith, giving reasons for nonattendance, which were sustained. The resignation of Dr. J. Kinsey Smith was presented by the secretary, and President Hinitt was requested to communicate with him and request his withdrawal of same. The reading of the minutes was deferred, and the report of the President was received and read to the Board. Dr. Charles T. Thompson was appointed to assist the Secretary in keeping the minutes of the meeting. It was ordered that the contract with the Hospital College of Medicine be recorded in full in the minutes of the Board for the meeting when the same was approved. The minutes of the Board and of the Executive Committee were approved as far as recorded, and the Executive Committee was authorized to approve the balance when recorded by the Secretary. 49 �Board took recess until 9 o'clock a.m. tomorrow. Board met at 9 o'clock a.m., June 13, 1905. The original contract with the Hospital College of Medicine and its faculty was ordered deposited in the safety deposit box "Z" in the Fidelity Trust Co., Louisville, Ky. The following reports were read to the Board and ordered filed: Report of Vice President, Librarian, Dean of College of Law, Professors of Geology, Biology, History and Political Science, Greek, Latin, Modern Languages, Philosophy, Mathematics, and Chemistry. A communication from the student body in regard to the services of Prof. Edward Saxon was received and filed. The report of President Hinitt was taken up, and its recommendations considered seriatim. The following recommendations were approved and adopted: 1. The recommendations of the Dean of the College of Law as stated in his report, viz. (a) that the present faculty be retained for the ensuing year, (b) the salaries to remain the same, $100 per month to Prof. Charles Rodes, $50 each per month to Professors William Price and Henry Jackson, or $25 when lecturing only half the usual number of hours per week, and $50 per month to the Dean, with $100 additional for the work and responsibility of administration, making in all a total of $1,200, which is $200 less than the receipts of the school last session, (c) that in event the receipts of the school next session exceed the amount appropriated above to the payment of salaries and that needed for current expenses, the balance remaining unpaid on the salaries of this session be retained in the treasury of the Law School, subject to appropriation only under the unanimous direction of the President and Vice President of the University and the Dean of the Law School. 2. That the arrangement with Prof. Leslie C. Bosley for maintaining the Academy be continued on same basis for another year, which is the free use of the academy building and a bonus of $300. 3. The election of an athletic instructor to have full charge of all the athletic work of the College with salary to be paid as follows: from the College funds $650, room in gymnasium building to be given as equivalent of $50, the balance to be paid from the funds of the Athletic Association. 4. The election of Prof. Maurice G. Fulton as Instructor in English for the coming year at salary of $1,200. 5. That the matter of library assistant and other assistants be left to the discretion of the President of the University. 6. That provision for maintenance of the department of oratory be left to the President in connection with the Executive Committee. 7. That the sum of $400 be provided for the clerical forces of the president's office. 8. That the President be authorized to secure a secretary for the College Y.M.C.A., provided a suitable man can be found for the work at a cost of not over $300 for the coming year. 9. That the President be authorized to expend $1,500 in the equipping of the Department of Biology, the said amount to be a first charge on funds to be secured under the general plan of improvement already approved by the Board. 10. That the President in connection with the Committee on Buildings and Grounds be authorized to proceed with repairs and betterments needed on the College buildings in order to place same in creditable condition. 11. The adoption of the following resolutions: Be it resolved that in case any manager or managers of a student athletic organization induces a player in any intercollegiate game who is not a bona-fide student of the College and so certified by the faculty committee on athletics, or violates the intercollegiate rules of athletic contests by playing a "ringer" or other dishonorable practice, that, such fact being established to the satisfaction of the faculty of the College, such student manager or others responsible shall by that act be excluded from the College. The following degrees were conferred on the graduating class in Centre College. 50 �Bachelor of Arts William Barkley Alexander Francis West Andrews Landoff Watson Andrews Richard Samuel Ayres Paul Bond Collins Waller Chenault Hudson Stephen Breckinridge Lander Gibney Oscar Letcher Robert Crockett Logan Robert Johnston McMullen Vand Darius Robinson George Owen Sanders John Milton Perkins Thatcher George Smith Watson Pine Bluff, Ark. Memphis, Tenn. Flemingsburg, Ky. Pineville, Ky. Frankfort, Ky. Lancaster, Ky. Princeton, Ky. Henderson, Ky. Christiansburg, Ky. Midway, Ky. Louisville, Ky. Okolona, Ky. Somerset, Ky. Frankfort, Ky. Bachelor of Science Joseph Bird Cowherd John Lewis Gill Joseph Edwin Linney Charles Harrison McChord John Lawrence Martin Philip Ball Moss Edward Cosby Roy Arthur Waggener Rhorer Herbert Spencer Shelbyville, Ky. Lancaster, Ky. Danville, Ky. Lebanon, Ky. Owenton, Ky. Fort Smith, Ark. Louisville, Ky. Middlesboro, Ky. Jackson, Ky. When work due in mathematics is completed to the satisfaction of the professor of mathematics, the degree of Bachelor of Science on: John Edward Sampson Middlesboro, Ky. The degree of Bachelor of Law on following graduates of the Class in College of Law: Damon McCluskey Cooper Denver Bennett Cornett Hugh Berry Fleece Washington Fithian Lilleston Hartwell Henderson Linney Paul Poage Elijah Thaddeus Rose Henry Green Sandifer Henry Alexander Wise Vine Grove, Ky. Harlan, Ky. Campbellsville, Ky. Paris, Ky. Danville, Ky. Ashland, Ky. Stillwater, Ky. Danville, Ky. Craddockville, Va. On recommendation of the Faculty of Centre College the degree of Master of Arts on following candidates: Francis Powell Cheek Gus D. Crain Henry Alexander Wise William T. St. Clair Danville, Ky. Louisville, Ky. Craddockville, Va. Louisville, Ky. 51 �The Honorary degree of LL. D.: Rev. Henry E. Dosker, D.D. Louisville, Ky. Liddell and Scott Greek Lexicon was ordered purchased for the use of Prof. John W. Redd's room. The Chairman of the Board was authorized to prepare a form for the scholarship given by Anthony Dey to Centre College and sign same on behalf of the Board. A recess was taken until 2 o'clock p.m., the meeting to be held in the Gymnasium. Board met at 2 o'clock p.m. in the Gymnasium. Committee appointed to visit the S. P. Lees Institute reported that they had visited same, and found it in satisfactory condition and recommended the hearty support of this Board, which was adopted and ordered filed. The ad interim committee on the affiliated schools reported progress and was continued. The President and Vice President were authorized to ask on behalf of the S. P. Lees Institute the same aid as last year from the College Board (U.S.A.) and the General Assembly's Committee of Home Missions (U.S.) for the coming year. In the case of discipline referred to by the President of the University the following action was taken: 1. 2. 3. 4. That the Board endorses the position taken by the faculty in the case of these students; and approves of the discipline which it inflicted on them. That in view of the expression of regret made by these students to President Hinitt, and in view of their future welfare, the Board regards the discipline thus inflicted to be sufficient to serve the ends contemplated. That in view of all the circumstances of the case of these young men, the Board decides to grant their respective degrees along with the other members of the class. That President Hinitt be requested to communicate the substance of this action to these young men in such a way as he deems best. The standing committees of the Board for next two years were appointed as follows: Executive Committee Rev. J. McCluskey Blayney, D.D., Chairman, Rev. Lindsay H. Blanton, D.D., William L. Threlkeld, Rev. Charles T. Thompson, D.D., Rev. Francis R. Beattie, D.D., George W. Welsh, Charles C. Fox, and Robert T. Quisenberry. Finance Committee Edward W. C. Humphrey, Chairman, Charles C. Fox, Robert T. Quisenberry, George W. Welsh. Buildings and Grounds Robert T. Quisenberry, Chairman, Charles. C. Fox, David M. Sweets, George W. Welsh. Morals and Discipline Francis R. Beattie, D.D., Chairman, William C. Condit, D.D., A. J. A. Alexander The amendments and changes in the bylaws, notice of which was given by President Hinitt at the meeting of the Board held in Louisville, Ky., March 31 and April 1, 1905, were adopted. A communication from Dr. Lindsay H. Blanton, Vice President, in regard to a reduction in his salary was referred to a committee consisting of Dr. Francis R. Beattie, Rev. David M. Sweets, and Charles C. Fox. 52 �The report of the Treasurer was read, received, and ordered spread on the statement book. The contract with the principal of the Hardin Collegiate Institute was approved. Board took recess until 8:30 a.m. tomorrow to meet in the Second Presbyterian Church. Board met in Second Presbyterian Church at 8:30 a.m. Committee to confer with Dr. Lindsay H. Blanton, Vice President, reported as follows, which was adopted: The special committee appointed to consider the communication of the Vice President of the University in regard to the reduction of salary beg to report that they have conferred with Dr. Blanton, have considered the whole question, and recommend that the salary of the Vice President be fixed at $2,000 a year and traveling expenses (which for the past four years have cost the University only about $125 a year). A vote of thanks was extended to Professors Samuel R. Cheek, John W. Redd, and others who did extra work during the past year. The report of the committee on a docket was adopted and is as follows: Order of Business 1. Meeting called to order and opened with prayer. 2. Roll called and excuses for absence given. 3. Oath of office administered to new members. 4. Reading of minutes of Board and Executive Committee, and these approved. 5. Communications read. 6. Report of the President of the University. 7. Report of the Vice President. 8. Report of the Treasurer. 9. Reports of the several professors, the librarian and Dean of the College of Law. 10. Reports of standing committees - 1905 (a) on Buildings and Grounds - 1907 (b) on Finance - 1909 (c) on Morals and Discipline - 1911 11. Reports of special committees. 12. Action on degrees - regular and honorary. 13. Appointment of standing committees. 14. Reports regarding the affiliated schools. 15. Miscellaneous business. 16. Reading of minutes. . 17. Closed with prayer. The minutes were read and approved for record. Board adjourned to meet in Second Presbyterian Church at 8:30 p.m. on Monday evening before Commencement. John A. Cheek, Secretary, Gelon. H. Rout, President Danville, Ky., June 13, 1905 The Executive Committee of Central University met in the Second Presbyterian Church. Present: J. McCluskey Blayney, Francis R. Beattie, Lindsay H. Blanton, Robert T. Quisenberry, Charles C. Fox, George W. Welsh, and Frederick W. Hinitt. 53 �A letter from Mr. Thomas W. Bullitt concerning his subscriptions to Central University and fees for legal services due him addressed to Dr. Francis R. Beattie was read to the committee. The following action of the committee was taken unanimously: Resolved that Col. Thomas W. Bullitt be released from all present unpaid subscriptions to the old Central University, and his subscription of $500 to the consolidated university in consideration of his full release of the University of all liability for legal services of every kind rendered to this date, except such services as may have been rendered in the present suits pending in the Madison Circuit Court or in the Court of Appeals against the University. Committee adjourned. John A. Cheek, Secretary Danville, Ky., September 28, 1905 Executive Committee of Central University of Kentucky met in law office of Charles C. Fox. Present: Frederick W. Hinitt, Lindsay H. Blanton, George W. Welsh, Charles C. Fox, and Robert T. Quisenberry. Dr. Gelon H. Rout, president of Board of Trustees, was authorized to sign and deliver a deed from the University conveying the one half interest in the dormitory building on the grounds of the Hardin Collegiate Institute to M. C. Marion. The following action was taken governing and regulating scholarships in Centre College of the University, and was directed to be printed in full in the next catalogue: [See http://www.centre.edu/web/library/sc/digital/pdf/bt_1905b.pdf for scholarship requirements as attached to this page in the volume of minutes] Danville, Ky., January 5, 1906 Executive Committee of Central University of Kentucky met at President's office. Present: Frederick W. Hinitt, J. McCluskey Blayney, Lindsay H. Blanton, William L. Threlkeld, Charles C. Fox, George W. Welsh, and Robert T. Quisenberry. The request of Mr. Anthony Dey to be permitted to assign to the Second Presbyterian Church of Lexington, Ky., his right of nominating in Centre College scholarships heretofore given by him, and have such assignment recognized by the College in order that some deserving young person may be benefitted thereby was granted, and the form of the paper to be executed was referred to the secretary and Mr. Robert. T. Quisenberry. On motion, Dr. Alfred B. Nelson [professor of mathematics] was elected a full professor in Centre College at the salary of $1,600 per annum from January 1, 1906, with the designation of the chair to be filled by President Hinitt. Dr. Blanton presented an agreement dated June 14, 1905, with Mrs. Wilson Norfleet Johnson, concerning the portrait of her late husband, Sidney J. Johnson, which was presented to the University last June, and on motion Dr. Gelon H. Rout as president of the Board was authorized to sign same. Mr. John A. Cheek, treasurer of the University, called the attention of the committee to the fact that he was not under bond, and on motion his bond was fixed at $25,000, and the cost of same each year was ordered paid by the University. Mr. Robert T. Quisenberry was requested to cooperate with the Treasurer in selecting a company, and the bond, when executed, was directed filed with the Finance Committee. 54 �The president of the Board of Trustees and the Secretary were authorized to sign, execute, and deliver on behalf of the University in connection with payment of the legacies of Mrs. S. P. Lees of New York. The matter of the care of the Hardin Collegiate Institute was referred to a subcommittee consisting of Lindsay H. Blanton and Charles C. Fox with power to act. Committee adjourned. John A. Cheek, Secretary Louisville, Ky., March 30, 1906 The Board of Trustees of Central University of Kentucky met at the office of Hon. Thomas W. Bullitt in Louisville, Ky. Present: Gelon H. Rout, Frederick W. Hinitt, George W. Welsh, John G. Hunter, Thomas W. Bullitt, Francis R. Beattie, David M. Sweets, J. McCluskey Blayney, E. L. Warren, Lindsay H. Blanton, William L. Threlkeld, Charles C. Fox, and Edward W. C. Humphrey. On motion, the following resolution was adopted. 1. 2. 3. Whereas Messrs. Henry and Sam Lyons, gentlemen who have spent forty years in business in Danville, have, in appreciation of the community and the work done by Centre College for education of young men, offered to this Board the sum of $5,000, the same to be used in due time for the changing of the old library building [Second Sayre Library] into laboratories and other facilities for the Department of Biology with proper equipment. That this Board accepts this gift for the purpose named, and hereby makes official acknowledgement of its appreciation of the same, and directs that the president of the Board sign these resolutions and that they be placed on the minutes. That a suitable tablet be placed to commemorate this gift, and that the pictures of the Lyons brothers be placed in the building when ready for use as the biological department of the College. A resolution was adopted requesting Hon. Thomas H. Swope of Kansas City, an alumnus of this College, to give favorable consideration to a proposition now before him for the erection of a building to be known as the Swope Engineering Hall and Laboratories. On motion of Mr. Bullitt the following resolution was adopted. 1. 2. The proposition and request of Walters Collegiate Institute now submitted meets the approval of the Board in its general plan and purpose. That the matter is referred to the Executive Committee with full power to carry same into effect with such modifications as may be deemed necessary or desirable especially for the protection of Central University against claims by citizens of Madison County as mentioned in the agreement of the day of 1901. A committee consisting of Thomas W. Bullitt and Charles C. Fox was appointed to prepare papers for submission of a proposition for the consideration of the Executive Committee concerning this matter. Board adjourned. John A. Cheek, Secretary, Gelon H. Rout, President 55 �Danville, Ky., April 2, 1906 Executive Committee of Central University of Kentucky met at President's office. Present: J. McCluskey Blayney, Frederick W. Hinitt, Charles C. Fox, George W. Welsh, William L. Threlkeld, Lindsay H. Blanton, and Robert T. Quisenberry. The proposition of the Walters Collegiate Institute of Richmond, Ky., presented to the Board of Trustees requesting the release of a lien on the real estate of said institute in Richmond, and which proposition was referred to a subcommittee consisting of Thomas W. Bullitt and Charles C. Fox, was presented to the Executive Committee with the agreement, as recommended by the subcommittee, which was as follows: This agreement made the 2nd day of April, 1906, by and between Central University of Kentucky (hereinafter designated as Central University), party of the first part, and The Walters Collegiate Institute (hereinafter designated as the Institute), party of the second party, witness 1. Pursuant to an agreement bearing date the [blank space] day of [blank space] 1901, Central University of Kentucky by deed dated August 9, 1902, recorded in Deed Book 53, page 430, in the Madison County Court Clerk's Office, conveyed to the Walters Collegiate Institute the property in said deed described upon the terms and conditions therein set forth. 2. The Legislature of Kentucky, by an act entitled An Act to establish a system of State Normal Schools in Kentucky; to divide the Commonwealth into two Normal School Districts; to create a Board of Regents for the general management of each School, has provided for the establishment of two Normal Schools in the State of Kentucky, one in the eastern and one in the western part of the State. 3. It is desired by the Board of Trustees of the Walters Collegiate Institute, and by the people of Richmond and Madison County, to obtain the location of one of these Normal Schools in the city of Richmond, and it is believed that it will contribute materially to the successful prosecution of that object if a portion of the property heretofore conveyed by Central University to the Walters Collegiate Institute shall be conveyed to the State for the establishment and maintenance of one of said Normal Schools. - Now in consideration of the premises and of the mutual undertakings of the parties hereto as herein expressed, it is agreed between them as follows, to wit: 1. 2. 3. 4. Central University consents that the Walters Collegiate Institute may convey to the State of Kentucky, free of lien to Central University for use of one of said Normal Schools, all the College buildings of said institute, consisting of the main buildings, dormitory, gymnasium, preparatory building, the Akers building, and the entire campus excepting only so much thereof as is attached to the two professors' houses known as the Barbour and Logan houses as hereinafter mentioned. The Institute agrees to convey to Central University the two houses above mentioned as the Barbour and Logan houses with the adjacent grounds, same to be and become a part of the endowment of Central University. The boundary of the grounds attached to the Barbour and Logan houses is as follows: Bounded on the north by Second Street, if extended; on the east by the Wilson property; on the west by the wire fence between the Barbour and Akers houses; and on the south by the Gibson line. If the Walters Collegiate Institute shall be able to obtain the Normal School without conveying to the State the preparatory building, the Akers building and the grounds adjacent thereto, consisting of about eight acres, it shall be authorized so to do, but in that event Walters Collegiate Institute shall retain said grounds and buildings for the purposes of the Institute and shall continue and maintain such Institute on said grounds. If in such case the Institute shall be able hereafter to arrange with the State to enlarge the Normal School and to increase its endowment or the amount given to its support by conveying to the State the said preparatory school and the Akers building it shall be authorized so to do. 56 �5. If the Walters Collegiate Institute shall be continued as above provided for, it may by such amendment to its charter as shall meet the approval of its own Board of Trustees be re-organized in such manner as to reduce the number of the trustees to nine, who may become a self-perpetuating board, provided, however, that two-thirds of the said Board shall always be members of the Presbyterian Church, and that the first Board of Trustees shall be acceptable to Central University. 6. The Walters Collegiate Institute undertakes and agrees that at the time of accepting the conveyance from Central University hereinabove provided for, it will execute and deliver to Central University a bond signed by itself and by other persons jointly with it, undertaking and agreeing that they will jointly and severally protect Central University against any liability or obligation adjudged to be due from said University to any donors resident in Madison County at the time of their subscriptions or since to the endowment fund, location fund, or other fund of Central University of Kentucky, the reference last made being to Central University as it existed before the consolidation with Centre College, the object of this provision being to substitute said bond for the lien provided for in subsection 3 of Section V of the agreement of [blank space] day of [blank space] 1901 above mentioned. The co-obligors with The Walters Collegiate Institute in said bond shall be solvent persons, and acceptable to Central University. 7. Before the co-obligors of the Institute in the aforesaid bond shall be compelled to pay any money on account thereof, the two professors' houses known as the Barbour and Logan houses, together with such property as shall remain in The Walters Collegiate Institute, as herein above provided, or the proceeds of sale of said property shall be first applied to the satisfaction of any liability arising under said bond and said properties shall be ratably, according to their present value, subjected to such liability, provided, however, that if the representatives, heirs or assigns of the late S. P. Walters shall recover by legal proceedings any judgment against Central University, the special contract between Central University of Kentucky and the Walters Collegiate Institute, with references to such claim, (copy of which is attached hereto as a part hereof) shall continue and shall settle the relative amounts of such liability to be paid by Central University and, by the said Walters Collegiate Institute and in such event the signers of the bond hereinabove mentioned shall be liable to Central University for such portion of such liability adjudged in favor of the representatives, heirs or assigns of said S. P. Walters as under said contract would be borne by the property conveyed to the Walters Collegiate Institute by Central University, the object of this provision being to substitute said bond for the property conveyed to Walters Collegiate Institute as the means of indemnifying Central University as against such claims in favor of Walters' estate. All property however still owned by Walters Collegiate Institute shall be first exhausted before calling upon said indemnitors for payment of money under said bond. 8. If The Walters Collegiate Institute shall convey to the State of Kentucky the Akers building and the preparatory building above mentioned free of the lien from Central University as provided for in said contract of the [blank space] day of [blank space] 1901, then the signers of the bond hereinabove mentioned shall be liable to indemnify Central University in the same manner and to the same extent as under this agreement Central University in any respect would have the right to look to its lien upon said property. 9. It is understood between the parties hereto that the Logan house and the Barbour house hereinabove mentioned have been leased by the Walters Collegiate Institute to J. F. Barrett, Principal of the Institute, until July 1, 1907, and the conveyance to Central University will be made subject to said lease, but if said lease to Mr. Barrett shall cease or determine prior to that date the property shall be thereupon delivered at once to Central University and in any event shall be so delivered at the expiration of such lease. The Institute shall likewise assign to Central University the benefit of all insurance on said property. 10. It is understood that this contract becomes effective and will become effective when it shall have been approved by the Synod of the Southern Presbyterian Church of Kentucky. 11. The deeds of conveyance and the bond hereinabove provided for shall be executed as promptly as can be done with convenience and deposited in escrow with Thomas W. Bullitt to be delivered when this agreement becomes effective according to its terms. Witness the signatures and seals of the parties hereto this the day and year first above written. 57 �On motion, the foregoing agreement was approved and directed to be signed by the president of the Board of Trustees. John A. Cheek, Secretary Danville, Ky., June 11, 1906 Board of Trustees of Central University of Kentucky met in the Second Presbyterian Church of Danville, Ky., at 8:30 o'clock p.m. The meeting was opened with prayer. The members present were: Drs. G elon H. Rout, J. McCluskey Blayney, Frederick W. Hinitt, Charles F. Thompson, Lindsay H. Blanton, E. L. Warren, Messrs. Edward W. C. Humphrey, Henry C. Read, Charles C. Fox, Thomas W. Bullitt, A. J. A. Alexander, George W. Welsh, John W. Yerkes, William L. Threlkeld, and Rev. David M. Sweets. The minutes of the Board of Trustees and the Executive Committee were read and approved as recorded. Reasons for absence from this meeting as submitted by Rev. John G. Hunter, D.D., William C. Condit, D. D., and J. Kinsey Smith, D.D., were sustained. The President and Secretary were directed to write to Dr. Condit the congratulations of the Board on the celebration of his fortieth anniversary of his pastorate at Ashland, Ky. The resignation of Rev. J. Kinsey Smith, D.D., as trustee was accepted. The Board took recess to meet at 9 o'clock a.m. at the Y.M.C.A. room in the Gymnasium. June 12, 1906, 9 o'clock a.m. Board met in the Gymnasium according to its adjournment. A committee consisting of Dr. Blayney, Dr. Hinitt and Col. Bullitt were appointed to prepare a manual containing the charter of the University and such orders and regulations, as have been adopted by the Board for its own government. The report of a committee appointed to confer with the principal of the Hardin Collegiate Institute at Elizabethtown, Ky. was placed on the docket. The following members took the oath presented by the charter: Dr. Lindsay H. Blanton, Dr. J. McCluskey Blayney, Dr. Gelon H. Rout, Messrs. Robert T. Quisenberry and Edward W. C. Humphrey. A committee of the citizens of Elizabethtown, consisting of Messrs. S. H. Bush and G. R. Smith, appeared before the Board. The report of the committee on the Hardin Institute was taken from the docket. The committee consisting of Messrs. Bush and Smith made a proposition about the control of said institution. The whole matter was referred to a special committee consisting of Messrs. Fox, Bullitt, and Blanton to confer with the committee from Elizabethtown and report at this meeting of the Board. Dr. Francis R. Beattie appeared and gave reasons for tardiness, which were sustained. President Hinitt read his report, which was taken up and considered by the Board. A committee consisting of Hon. John W. Yerkes, Dr. Frederick W. Hinitt, Dr. Francis R. Beattie, and Edward W. C. Humphrey were appointed to prepare a paper addressed to Mrs. Z. Y. Jacobs and her sisters setting forth the Board's appreciation of their concession about the Memorial Building for Scientific purposes to be known as the John C. and William C. Young Memorial Building [Old Young Science Hall]. The following recommendations of the President's report were adopted 58 �1. 2. 3. 4. 5. 6. 7. 8. 9. Dr. T. Lindsey Blayney was elected to the full professorship of Modern Languages by the affirmative vote of 16 members, the vote being taken by ballot. Dr. Friend E. Clark was continued as Professor of Chemistry at salary of $1,600 for the ensuing year. Mr. Maurice G. Fulton was continued as Professor of English for the ensuing year at salary of $1,400. Mr. Edwin B. Evans was continued as Instructor of Public Speaking and assistant to the Department of English at salary of $1,100 for ensuing year. Mr. William E. Johnston was employed as Director of Physical culture for the ensuing year at the salary of $1,100, $900 of which is to be paid from the College funds, and $200 is to be paid from the funds of the Athletic Association. The employment of assistants in the various departments was left in the hands and at the discretion of the President of the College. That the requisitions for new equipment in the various scientific departments be left to the President in consultation with the heads of the departments, with the understanding that only equipment absolutely necessary to the effective work of the College be purchased this year. That the Board approve of the plan offered by the President for the expansion of the equipment of the College by the erection of three new buildings as stated. That the Board approve and forward the plan now in operation for the completion of the fund of $30,000. That the President be authorized to investigate the matter of an architect, and in connection with the Executive Committee, to make a contract with him for the plans and specifications for three buildings, namely a library building to cost $30,000, a dormitory to cost $30,000, and a science building for physics and chemistry to cost $35,000, the preliminary small scale plans to be made this summer. On recommendation of the Faculty the following degrees were conferred: Bachelor of Arts Willoughby Francis Colton, Clay Hughes Cox, John Crawford Crenshaw, Thomas Nichols Faulconer, John Wellington Harlan, William Hall Hawkins, Walter Owsley Hopper, Donald Windsor McQueen, John Leslie Purdom, Clifton Rodes. Bachelor of Science Harry Graham Bright, Milton Myles Davis, Francis Flaig, Gerald Fenelon Hager Master of Arts Thomas Armstrong Hendricks, John William Phelps, Thomas Albright Stewart The President's report was ordered printed and distributed among the alumni and friends of the Univ ersity. Board took recess until 2 p.m. Board met at 2 o'clock p.m. The special committee to confer with committee from Elizabethtown recommended that this Board agree to give up to the Elizabethtown people all its rights in the Hardin Collegiate Institute for a cash consideration of $850, which was adopted. The Treasurer's report was read, approved, and ordered entered in the treasurer's book. The thanks of the Board were returned to the Courier Journal Co. for free advertising during the past year. The Vice President's report was read and received. Prof. M. L. Giston was requested to make a statement about the S. P. Lees Institute. 59 �The standing Committee on Honorary Degrees made the following report: The Faculty of Centre College and of the College of Law, according to the regulations governing the action of the Board in regard to honorary degrees, has presented to your committee its report, which contains information and recommendations concerning certain names submitted for honorary degrees at this time. In regard to all of the names concerning which the Faculty makes a favorable recommendation, your committee does not think it wise to approve of this recommendation inasmuch as the gentleman in question is a member of this Board, and your committee does not deem it a sound policy for the Board to confer honorary degrees upon its own members. Approving the recommendation of the Faculty of Centre College, the degree of Doctor of Laws was conferred on the following gentlemen: William K. Argo, Colorado Springs, Colorado; Allen G. Hall, LL.B., Nashville, Tennessee. Doctor of Divinity: Rev. Robert 0. Kirkwood, Walnut Hills, Cincinnati; Rev. J. Gray McAllister, President Hampden Sidney College, Virginia. It was made a standing rule of which the Faculty of Centre College is to be notified, that no honorary degree shall be conferred on any member of this Board while serving as a trustee. The Board declined to confer the degree of D.C.L. on Mr. D. Flatters of Boston, Massachusetts. It was ordered that the income accruing on the S. P. Lees Institute fund during July and August be paid to Dr. Blanton to pay on the deficit of said institute for the year 1905-06. The remuneration of Col. Thomas W. Bullitt for services in connection with certain law suits at Richmond and other legal services be referred to the Executive Committee for adjustment. Report of the Dean of the College of Law was received. The following recommendations were approved. 1. 2. 3. That the present faculty be retained, all salaries to remain the same. That the income of the school next session be applied first to the payment of current expenses and salaries for that session second to the cancellation of the remainder of the deficit in the payment of salaries for the session 1904-05 For the employment of additional members of the faculty, the purchase of books for the library, or otherwise as the President, Vice President, and Dean shall deem for the best interests of the school. The Treasurer was directed to pay the $850 to be received for the purchase of the Hardin Collegiate Institute to Dr. Lindsay H. Blanton for the purpose of reducing the debt of the S. P. Lees Institute. The degree of Bachelor of Laws was conferred on the following graduates of the College of Law: William Barkley Alexander, Francis West Andrews, George Boswell Batterton, Edward Wester Creal, John G. Miller, Jr., Milt Silas Singleton, Thomas Albright Stewart, Hugh B. Tabb Rev. W. Francis Irwin was elected a trustee in place of Dr. J. Kinsey Smith, resigned, to serve until meeting of Synod U.S.A. Minutes read and approved, and Board took recess until 9:30 a.m. June 13, 1906. Board met at 9:30 a.m. in the Gymnasium. 60 �In the absence of Dr. Gelon H. Rout, president of the Board of Trustees, Rev. J. McCluskey Blayney was authorized to sign the diplomas of the graduating classes. The Board took recess to meet after the Commencement exercises were concluded. After exercises in the College chapel, the Board met again. The Board approved a deed releasing a lien on property previously conveyed to the Walters Collegiate Institute, and which deed of release had been authorized by the Executive Committee for the purpose of perfecting the title to a part of the ground conveyed to the Walters Collegiate, the same being conveyed to the State of Kentucky for a Normal School. The question of incorporating the non-sectarian section of the charter of Centre College into the present charter of Central University was referred to the Executive Committee. The Board adjourned to meet on Tuesday, June 11, 1907, at 9 o'clock a.m. in the Gymnasium. John A. Cheek, Secretary, Gelon H. Rout, President Danville, Ky., July 11, 1906 The Executive Committee of Central University of Kentucky met at the Citizens National Bank of Danville, July 11, 1906, at 11:30 a.m. Present: J. McCluskey Blayney, Lindsay H. Blanton, George W. Welsh, and T. T. Thompson. Dr. Blanton submitted letters from Messrs. Bush and Smith of Elizabethtown in regard to a contract made between the Board of Central University and said Bush and Smith at the meeting of the Board in June 1906. Said contract for the purchase of the Hardin Collegiate Institute was rejected by a meeting composed of a number of the citizens of Elizabethtown who had subscribed in the past to a fund to establish said Institute. Dr. Lindsay H. Blanton was authorized and empowered to 1. 2. 3. 4. Take steps to cancel the leave of Prof. M. C. Marion on said Institute, Purchase the interest of Prof. J. E. Austin in the dormitory at a sum not exceeding $1,400, Mortgage the dormitory for an amount sufficient to pay off Prof. Austin's claim, to put said building in complete repair, including insurance, Lease the Hardin Collegiate Institute to some suitable person. In regard to S. P. Lees Institute, the Treasurer was instructed to pay the mortgage on said Institute and all other indebtedness out of funds held by him for the account of said Institute before same is transferred to the Synod of Kentucky U.S., and as such funds are now invested he is authorized and directed to sell such part of said investment as is necessary to produce cash sufficient to pay all of said indebtedness. Adjourned. John A. Cheek, Secretary Danville, Ky., September 1, 1906 Executive Committee of Central University of Kentucky met at President's office in Danville, Ky. Present: J. McCluskey Blayney, Lindsay H. Blanton, Charles T. Thompson, Charles C. Fox, William L. Threlkeld, Robert. T. Quisenberry, and Frederick W. Hinitt. A communication from certain parties about opening a street on the west side of the College campus south of Walnut Street was read, and the whole matter was referred to a committee consisting of Blayney, Fox, Quisenberry and Hinitt with power to act. Adjourned. John A. Cheek, Secretary 61 �Danville, Ky., November 27, 1906 Executive Committee of Central University of Kentucky met at the President's office. Present: J. McCluskey Blayney, Lindsay H. Blanton, Charles C. Fox, Robert T. Quisenberry, Charles T. Thompson, and Frederick W. Hinitt. The committee appointed at the last meeting consisting of Blayney, Fox, Quisenberry, and Hinitt were empowered to open Russel Street to an intersection with the new street opened on the west of the campus known as Beatty Avenue, and to sell the lot cut off by said extension of Russell Street to James H. Gentry on such terms and conditions as may be agreed on with said Gentry. The deed of Central University transferring the plant and buildings at Jackson, Ky., to the S. P. Lees Collegiate Institute was amended and approved, and the Treasurer was authorized to turn over to said S. P. Lees Institute, (being the corporation created under the direction of the Synod of Kentucky U.S. to receive said Institute), said deed and the balance of the securities held by Central University for the account of the S. P. Lees Institute, after sale of such securities as was necessary to liquidate and pay off all indebtedness of said Institute. The thanks of this committee were voted to Dr. Lindsay H. Blanton for his faithful management of the affairs of the S. P. Lees Institute for many years. A communication from Hon. Thomas W. Bullitt about legal fees due him was received and was placed on file. The committee asked time to consider same. Adjourned. John A. Cheek, Secretary Danville, Ky., January 25, 1907 Executive Committee of Central University of Kentucky met at President's office. Present: J. McCluskey Blayney, Lindsay H. Blanton, George W. Welsh, William L. Threlkeld, Robert T. Quisenberry, and Frederick W. Hinitt. President Hinitt recommended the following changes in courses C-1, C-2, and C-3, the Scientific courses, which were adopted. Every candidate for courses C-1, C-2, and C-3, the Scientific courses, must offer the following: English Mathematics History Science 3 units 3 units 1 unit 1 unit In addition, two to four units from the following groups must be offered: Latin Greek German French Spanish 2 to 4 units 2 units 2 units 1 to 2 units 1 to 2 units To complete the requirement of fourteen units, choice may be made from the following group: 62 �Algebra Solid Geometry Plane Trigonometry Mechanical Drawing Shop Work Physics Chemistry Botany Zoology Physical Geography Physiology History Civics English 1/2 unit 1/2 unit 1/2 unit 1 unit 1 unit 1 unit 1 unit 1/2 unit 1/2 unit 1/2 unit 1/2 unit 1 unit 1/2 unit 1 unit The President recommended the establishment of five fellowships amounting to $250 each , with all fees remitted, for the encouragement of work in the graduate department of the University, which was approved. The full statement of the rules and regulations governing these fellowships and the work in the graduate department will be found in the catalogue pages 80 to 92 inclusive, to which reference is made. An invitation was extended through President Hinitt to the Y.M.C.A. to hold a student conference in June 1907 in Danville, and he was authorized to offer, free of expense, the use of the College campus and buildings for this purpose. The Treasurer was authorized to accept the check of John T. Shelby for Breckinridge and Shelby, attorneys, in settlement of the note of Ann E. Waters collected by them through a suit in the Madison Circuit Court. George W. Welsh and William L. Threlkeld were appointed a committee to confer with Hon. Thomas W. Bullitt about his bill for legal services, and report back to this committee or the Board of Trustees. Dr. Blanton was authorized to deliver to Rev. Rutherford Douglas, representing the Walters family, a picture of the late S. P. Walters, which is now on the walls of the chapel, which is done by this committee at the request of the Walters family. The fee in the graduate department was fixed at $100, covering all annual dues ,and the diploma fee for graduates in this department was fixed at $10, payable a week before commencement day. Adjourned. John A. Cheek, Secretary Louisville, Ky., February 15, 1907 Executive Committee of Central University of Kentucky met in Louisville, Ky., at the Louisville Hotel on February 15, 1907. Present: J. McCluskey Blayney, Lindsay H. Blanton, Charles T. Thompson, Robert T. Quisenberry, William L. Threlkeld, George W. Welsh, and Frederick W. Hinitt. The faculty of the Hospital College of Medicine, being desirous of canceling the present lease, made to the Executive Committee the following proposition, to wit: The faculty of the Hospital College of Medicine agrees to forward in every possible way the sale of the building of the Hospital College of Medicine after the close of the present session, and if when sold the property does not bring $22,150, the faculty of the Hospital College will share equally with the owners (Central University) the 63 �difference between the sale price and the amount named, viz. $22,150, this deficit not to exceed $5,000. The present care to be in full force to the end of the present session, August 1, 1907. L. S. McMurtry, President, H. H. Grant, Treasurer, P. Richard Taylor, Dean The committee authorized the following acceptance to be endorsed on the proposition: "The within proposition is accepted by the Executive Committee of the Board of Trustees of Central University." J. McCluskey Blayney, Chairman of Committee On motion, committee adjourned. John A. Cheek, Secretary Danville, Ky., June 11, 1907 The Board of Trustees of Central University of Kentucky met in the Gymnasium at 9:30 a.m. and was called to order by Rev. Gelon H. Rout, President of the Board, and opened with prayer by Rev. W. Francis Irwin. There were present: Revs. Rout, Barbour, Hunter, Irwin, Thompson, Warren, Blanton, Blayney, Condit, Hinitt and Messrs. Welsh, Bullitt, Threlkeld, Humphrey, Yerkes, Fox and Quisenberry. The reasons for absence from this meeting submitted by Rev. Harvey Glass, Messrs. Henry C. Read, Dr. A. J. A. Alexander, John A. Simpson, James R. Barret were sustained. The Secretary, Mr. John A. Cheek, asked that someone be appointed to assist in keeping the minutes, and Dr. Charles T. Thompson was appointed. The minutes of the Board of Trustees were read and approved as recorded. The Secretary read the minutes of the Executive Committee, and a motion was made and carried, that the Board having heard and reviewed the minutes of the Executive Committee approved the acts of said committee. The oath of office as trustees was administered by H. L. Briggs, a notary public for Boyle County, Ky., to Revs. W. Francis Irwin, William C. Condit, Frederick W. Hinitt, and Messrs. Charles C. Fox and John W. Yerkes. President Frederick W. Hinitt presented his annual report which was read to the Board. The report of Vice President Lindsay H. Blanton was presented and read to the Board. The resignation of Vice President Blanton having been tendered by him, was on motion accepted, and a committee consisting of Messrs. Yerkes, Barbour, Bullitt, and Humphrey were appointed to prepare a paper expressing the sense of the Board concerning Dr. Blanton's resignation. Rev. Charles R. Hemphill, D.D., and David M. Sweets appeared and were enrolled as members of the board present. The following recommendations in the President's report were considered and on motion adopted: 1. 2. 3. 4. That Professor Friend E. Clark, Ph.D., be elected to the professorship of chemistry. That Professor Maurice G. Fulton [professor of English] be reappointed for the ensuing year at a salary of $1,600, the matter of his election being deferred until he has obtained his doctor's degree. That Mr. William E. Johnston be appointed Director of Athletics and Physical Training at the salary of $1,000, the balance of his salary namely $300 to be paid from the treasury of the Athletic Association. That the Board approve my plan for securing $2,000 for the current expenses from the Synods of Kentucky for the coming year, and that Dr. George J. Ramsey be appointed to assist the President the coming year, that he render such service as an instructor during the fall term as the President may determine, that he be officially known as Professor of Education, and that his salary be fixed at $1,500, with a limit of $600 for traveling expenses. 64 �5. 6. 7. 8. That the salary of all regularly elected professors of Centre College be fixed at $1,700 for the coming year, with the hope that by adjustments and economies that may be feasible ere long these salaries may be increased to $1,800. That the employment of such assistance as may be necessary in minor details of the work of this College be left to the discretion of the President. That we proceed at once with the erection of the Young Memorial Science Hall [Old Young Science Hall] at an estimated cost of $40,000; that a building committee of five be appointed of which the President of the University shall be the chairman. If the funds be forthcoming during the year, the committee to be authorized to proceed with the construction of the library [Carnegie Library] and dormitory at a cost of $30,000 for each building. By vote of the Faculty of Centre College the following students of Centre College were recommended for degrees, and same were granted by the Board. Bachelor of Arts Percy McGee Alexander, Campbellsville, Ky. Albert Leonard Bass, Campbellsville, KY. Napoleon Bruce Brennan, Louisville, Ky. Joseph Bailey Brown, Taylorsville, Ky. James Clinton Cheek, Fulton, Ky. Logan McKee Cheek, Danville, Ky. Oliver Crawford, Athol, Ky. David Brooks Cofer, Elizabethtown, Ky. James Llewellyn Crenshaw, Dermott, Arkansas John Palmer Darnall, Flemingsburg, Ky. Nicholas Hermann Dosker, Louisville, Ky. Logan Berry English, Cecilian, Ky. Ernest Owsley Grant, Louisville, Ky. Ernest Lorraine Green, Shelbyville, Ky. William King Griffith, Paris, Ky. Thomas Herbert Hobbs, Bardwell, Ky. Harry Summers Hudson, Ewing, Ky. Thomas Shelton Lanier, Danville, KY. Edmond Shackelford Lee, Covington, Ky. Robert Lee Myers, Leavenworth, Kansas Charles Whitner Milner, Louisville, Ky. Emmet O'Neal, Louisville, Ky. Rutherford Harrison Ray, Owensboro, Ky. Nelson Davis Rodes, Danville, Ky. William Lyne Starling, Hopkinsville, Ky. Edward Franklin Voris, Burgin, Ky. John J. Wakefield, Bloomfield, Ky. Bachelor of Science Albert Conrad Dick, Louisville, Ky. Earle Russell Epperson, Louisville, Ky. Elliott Russell Morton, Morganfield, Ky. Honorary Degrees Doctor of Divinity - Rev. Worden Pope Nicholas, Mt. Pleasant, Iowa 65 �On recommendation of the Faculty of the College of Law the degree of Bachelor of Law was conferred on the following: Bennett Trice, Marion Ky. Dean John Allen, Jr., Owensboro, Ky. Kash William Landsaw, Landsaw, Ky. Robinson Maury, Charleston, West Virginia Taylor Edmond Haynes, Jr., Frankfort, Ky. Triplett George Vost, Owensboro, Ky. On recommendation of Faculty of Centre College: Doctor of Divinity - Rev. Worden Pope Nicholas, Mt. Pleasant, Iowa, of the Class of 1883. On motion, unanimously adopted by a rising vote the salary of President Hinitt was increased $1,000. Board took recess until 2:30 o'clock p.m. At 2:30 p.m. Board met, and at request of Dr. Rout, president of the Board, Rev. J. McCluskey Blayney was asked to preside. The name of Rev. James Lapsley McKee of Kansas City, Missouri, was presented for the honorary degree of Doctor of Divinity and was referred to the committee on degrees. Rev. C. R. Hemphill and Rev. David M. Sweets took the oath of office prescribed by the charter before H. L. Briggs a notary public for Boyle County, Ky., in the presence of the Board and were then qualified as trustees. Certain papers from Dr. Lindsay H. Blanton concerning notes given by him were referred to a committee consisting of Messrs. Yerkes, Bullitt, and Fox for report. The Vice President's report was considered, and as there were no recommendations was filed. Report of the Dean of the Law College was read and following recommendations adopted: 1. 2. 3. That the present faculty be retained under the existing arrangements in all respects. That the income of the school from tuition, after the payment of incidental expenses, be devoted to the payment of salaries of the faculty as at present. That out of any surplus over that amount, arrears of salary due Prof. William Price, Prof. Henry Jackson, and the Dean be paid, the remainder to be a fund in the hands of the President and Dean to be used for the best interests of the School. President Hinitt made a verbal report about the Colleges of Medicine and Dentistry at Louisville, Ky. All the matters involved were referred to the Executive Committee. Concerning the Hardin Collegiate Institute at Elizabethtown, it was referred to the Executive Committee to consider and decide the question, whether the time for a separation of said institute from the University had come, and to take the necessary steps to carry out the action required. The President's report as a whole was adopted. Dr. George J. Ramsay, Professor of Education, was asked to address the Board and report as to his work in the field. He was heard gladly and made a most encouraging report of his trip to the Southern states, and the interest he found about Central University. The Treasurer read his annual report, which was received, approved and ordered filed in the Treasurer's book. 66 �It was moved and carried that Dean Throckmorton's salary be increased $100.00 per annum. The chairman appointed Messrs. Barbour, Condit, and Sweets as a committee to nominate the standing committees for the next two years. As a committee on the building of the new Science Hall [Old Young Science Hall], the following were appointed: Messrs. Hinitt, Blayney, Blanton, Welsh, and J. A. Cheek. Prof. John C. Fales asked that he be relieved of the duties of the Deanship, owing to his increased classroom work. His request was granted and it was left to the President to nominate the new Dean subject to the approval of the Executive Committee. The committee to bring a suitable response on the resignation of Dr. Blanton made a report which was adopted and is as follows: Your committee to whom was referred for consideration the resignation of Vice President Lindsay H. Blanton now reports: (1) While the voluntary retirement of Dr. Blanton from direct active connection with the affairs of the University as its Vice President and member of the faculty is a matter of serious concern and sincere regret, yet when we recall his fifty years of constant, faithful, able, and consecrated service, as pastor and preacher, as Chancellor and Vice President, his devotion to the training and teaching of young men, we feel he well merits the earned right to rest and release from the burdens of his present post; (2) We congratulate him that his last years will be passed in the shadow of the institution whose history is so large a part of his own life and labors, and among those with whom he has wrought. We congratulate him on the splendid condition of the institution here and on the status of Lees Collegiate Institute, that school to which his prayers and fostering care have been given in overflowing measure. We congratulate ourselves that these rest years of Dr. Blanton will still abound in service through his wise counsel and guidance, which we will enjoy through his continued membership on this Board. John W. Yerkes, John Barbour, E. W. C. Humphrey, Thos. W. Bullitt The standing committees of the Board for the next two years were appointed and are as follows: Executive Committee - J. McCluskey Blayney, Lindsay H. Blanton, William L. Threlkeld, Charles T. Thompson, George W. Welsh, Charles C. Fox, Robert T. Quisenberry, C. R. Hemphill. Finance Committee - Edward W. C. Humphrey, Charles C. Fox, Robert T. Quisenberry, George W. Welsh. Buildings and Grounds - Robert T. Quisenberry, Charles C. Fox, Ddavid M. Sweets, George W. Welsh. Morals and Discipline - W. Francis Irwin, William C. Condit, A. J. A. Alexander. Degrees - David M. Sweets, Edward W. C. Humphrey, Thomas W. Bullitt, C. R. Hemphill, E. L. Warren. On motion, the Board ordered that the subscription note of Rev. Francis R. Beattie, deceased, be canceled by the Treasurer and sent to Mrs. Beattie. The Treasurer reported that in transferring the certificates of stock in the United Railways of St. Louis held for the account of the Lees Collegiate Institute fund, described as Nos. A16989 and A17749, it was required by said company that someone be designated by this Board with authority to sign the corporate name of the University in transferring said certificates to the Lees Collegiate Institute. On motion John A. Cheek, Treasurer, was authorized to transfer said certificates and sign the corporate name of the University in making said transfer. Board took recess until 8 o'clock p.m. to meet at the residence of Mr. George W. Welsh. Board met at 8 p.m. The special committee to consider the obligation of Dr. Lindsay H. Blanton in connection with certain notes at the time of the consolidation of the Colleges reported as follows, which report was adopted. 67 �1. 2. Your committee report in the matter of the request made by Dr. Blanton with regard to liability to the University by reason of the paper signed by him of date, July 2, 1901, with regard to notes of Mr. W. A. Haldeman to the amount of $4,000 due old Central University, that in our judgment under all the circumstances presented and attending the transaction, it is proper and right to give Dr. Blanton full and complete release from all liability in and by reason of the Haldeman transaction. With regard to Dr. Blanton's request that $900 paid by him to Mrs. Kincaid be credited on a note for $2,000 due the University and on which he is surety. Your committee reports that Dr. Blanton's name appears on a note for $2,000 due the University on which are two other names, and in this matter we recommend that if said note and its interest be on or before January 1, 1908, then the Treasurer be directed to credit said note by $900 as paid of date this day, June 11, 1907. John W. Yerkes, Charles C. Fox, Thomas W. Bullitt The Treasurer asked instruction when the increase in salaries of professors made at this meeting of the Board should take effect, and on motion it was ordered that the President's salary should take effect from July 1, 1907, the professors from September 1, 1907, and that of Dr. G. J. Ramsey from June 1, 1907. Board adjourned to meet at 9:30 a.m., next day, Wednesday, in the Gymnasium. June 12, 1907, at 9:30 a.m., in the Gymnasium. The committee appointed by the Executive Committee to make a contract with Mr. James H. Gentry about opening Russell Street reported the completion of the contract. The report was adopted and Dr. Gelon H. Rout, president of this Board, was authorized to sign a deed to carry out said contract. Recess was taken until after the close of the Commencement exercises, to be held in the chapel. Board met at 12 noon in the chapel. A committee consisting of Dr. Blayney and Mr. Charles C. Fox was appointed to see Mrs. William C. Roberts and members of the family of Dr. William L. Breckinridge about portraits for the chapel of the College. Minutes were approved and after prayer, the Board adjourned to meet on Tuesday, June 9, 1908, at 9:30 a.m. in the gymnasium. John A. Cheek, Secretary, Gelon H. Rout, President Danville, Ky., July 2, 1907 The Executive Committee of Central University of Kentucky met at President's office. Present: J. McCluskey Blayney, Lindsay H. Blanton, George W. Welsh, Robert T. Quisenberry, Charles C. Fox, and Frederick W. Hinitt. Contract with the faculty of the Medical College was approved and ordered to be signed by J. McCluskey Blayney, chairman of this committee. Committee consisting of Dr. Hinitt and Mr. John A. Cheek were authorized to buy a new boiler for the gymnasium, and to sell old materials not needed taken out to make place for new boiler. The committee fixed a price of $15,000 on the three dwellings now owned at Richmond, Ky., and authorized John A. Cheek, Treasurer, to negotiate their sale. Committee adjourned. John A. Cheek, Secretary 68 �Danville, Ky., September 30, 1907 The Executive Committee of Central University of Kentucky met at the President's office. Present: J. McCluskey Blayney, Robert T. Quisenberry, George W. Welsh, Charles C. Fox, Lindsay H. Blanton, Frederick W. Hinitt. In the matter of the request of Mr. B. Magoffin for return of a subscription note made by him to Centre College for $1,000 the committee declined to set the precedent of returning notes. In the matter of the claims of Col. Thomas W. Bullitt against Central University for legal services: after full and careful consideration of the entire matter, this committee is willing to pay Col. Bullitt the sum of $2,000 in cash, and to return to him his note for $1,000 given to the old Central University before the consolidation, and to cancel his subscription for $500 made to the University since consolidation with Centre College, on condition that same shall be in full settlement and payment of any and all claims against the University, for all legal services to this date, and especially including all claims for legal services rendered in the matter of the consolidation of Centre College and Central University of Richmond, Ky., and in the consolidation of the two theological seminaries, and in the cases of city of Louisville vs. University, and Mrs. Ann Walters vs. same, and S. P. Walters administrator vs. same, and also in matter of Hospital College leases, Mrs. Lee's devise, and Walters Collegiate Institute contract and deed, and also to cover any legal service that may be hereafter required or rendered in the Court of Appeals of Kentucky in the event any of said cases mentioned above, should be taken to the Court of Appeals. On motion, the report of the committee as set out above was approved and adopted. Dr. Blanton and Dr. Hinitt were appointed a committee to see Col. Bennett H. Young about his fee in the tax litigation in Louisville. On motion, Prof. John W. Redd [professor of Greek] was elected to Dean of the Faculty of Centre College in place of Dr. Fales, resigned. John A. Cheek, Secretary Danville, Ky., October 11, 1907 The Executive Committee of Central University of Kentucky met at the President's office. Present: J. McCluskey Blayney, Charles T. Thomson, Charles C. Fox, Lindsay H. Blanton, William L. Threlkeld, Robert T. Quisenberry, and Frederick W. Hinitt. Prof. Friend E. Clark [professor of chemistry] was granted a leave of absence from April 1, 1908, until close of year 1907-08 in order that he may prosecute studies in the University of Berlin. The deed conveying the property of the Hardin Collegiate Institute, after having submitted to a committee consisting of Messrs. Charles C. Fox and Robert T. Quisenberry and approved by them, is approved by this committee, and the president of the Board, Gelon H. Rout, is authorized to sign the same. In the matter of the fees due to Col. Bennett H. Young for legal services, a letter from Col. Young to L. H. Blanton dated October 7, 1907 says, "Without entering into details at all, I suggested to you that in order to close the matter up I would split the $1,000 in half, but after my conversation with you this morning, in view of all the circumstances, I will pay $600.00 and the $400.00 shall be remitted under the terms of our agreement at the time of making this subscription. If this is satisfactory, let me know. Awaiting your response, I am Yours truly, Bennett H. Young” In the matter of amending the charter of Central University of Kentucky, the form of the resolutions to be passed by the Synods of Kentucky, in order that the consent of each Synod should be given in proper form as required by 69 �the present charter of Central University, was considered by the committee and on motion, the following resolutions were adopted, to wit: 1. That the Synod of Kentucky in connection with the General Assembly of the Presbyterian Church in the United States hereby consents and agrees that the present Board of Trustees of Central University of Kentucky may alter and amend the "Agreement for Consolidation of Centre College and Central University under the name of Central University of Kentucky", in the manner provided by law for the amendment of articles of association of incorporated companies, and that said Board may repeal Section 8 of said agreement and adopt in lieu thereof the following: the government of "Central University of Kentucky" and the management and control of its affairs shall be vested in and conducted by a Board to be known as "The Board of Trustees of Central University of Kentucky", which shall be a self-perpetuating body and shall be divided into four classes, and each class shall consist of six trustees. The first class shall hold office for one year, the second class for two years, the third class for three years, and the fourth class for four years, and the successors of the members of the class whose terms are about to expire during the year of said expiration, shall be elected for four years, but no person shall be declared elected who fails to receive sixteen affirmative votes. All persons who are elected trustees and accept said trust and qualify, shall continue in office until their successors are elected and qualified. 2. That said Board may repeal Section 12 of said agreement, and adopt in lieu thereof, the following: "The Agreement for Consolidation of Centre College and Central University of Kentucky under the name of Central University of Kentucky" may be altered or amended in the manner provided by law for the amendment of articles of association of incorporated companies. Rev. Charles R. Hemphill, D.D., was requested to present these resolutions to the Synod of Kentucky in connection with the General Assembly of the Presbyterian Church in the United States at its meeting to be held in Midway, Ky., on October 15, 1907, for their consideration and adoption. Similar resolutions were approved to be presented by Dr. Frederick W. Hinitt to the Synod of Kentucky in connection with the General Assembly of the Presbyterian Church in the United States of America to be held in the month of October 1907 in the city of Owensboro, Kentucky. A bill for the legal services of Fox and Jackson amounting to the sum of $400 was allowed and ordered to be paid by the Treasurer. Committee adjourned. John A. Cheek, Secretary Danville, Ky., November 6, 1907 Pursuant to a call made by the president of the Board of Trustees, and in accordance with a notice sent by the Secretary to each member, the Board of Trustees of Central University of Kentucky met in Danville, Kentucky, in the Gymnasium Building on November 6, 1907, at 2 o'clock p.m. The meeting was opened with prayer. There were present: John Barbour, A. J. A. Alexander, John G. Hunter, George W. Welsh, Charles R. Hemphill, F. W. Bullitt, Charles T. Thomson, E. L. Warren, Lindsay H. Blanton, J. McCluskey Blayney, Edward W. C. Humphrey, Gelon H. Rout, Robert T. Quisenberry, William C. Condit, Charles C. Fox, Frederick W. Hinitt, David M. Sweets, and Harvey Glass. Dr. F. W. Hinitt stated the object of the meeting which was the consideration of the amendments to the present charter of the University, which amendments have been duly authorized and approved by both the Synods of Kentucky. 70 �The following amendments to the charter of Central University of Kentucky, having been approved by both the Synods of Kentucky, were on motion unanimously adopted by this Board, and trustees present were requested to sign and acknowledge the same, to-wit: "We, John Barbour, A. J. A. Alexander, John G. Hunter, George W. Welsh, Charles R. Hemphill, Thomas W. Bullitt, Charles T. Thomson, E. L. Warren, Lindsay H. Blanton, J. McCluskey Blayney, Harvey Glass, Edward W. C. Humphrey, Gelon H. Rout, Robert T. Quisenberry, William C. Condit, Charles C. Fox, Frederick W. Hinitt, David M. Sweets, who are each trustees of Central University of Kentucky, a corporation organized under the laws of Kentucky under and pursuant to a certain agreement for consolidation of Centre College and Central University under the name of Central University of Kentucky, which bears date July 16, 1901, and is recorded in the Boyle County, Kentucky, clerk's office in deed book number 28, pages 491 to 499, and was filed for record in the office of the Secretary of State of Kentucky on the 15th day of August, 1901, and who constitute more than two-thirds of the whole number of said trustees, acting in our capacity as the Board of Trustees of Central University of Kentucky, and under and pursuant to the consent, authority, and power conferred upon said Board by the Synod of Kentucky in connection with the General Assembly of the Presbyterian Church in the United States, and also by the Synod of Kentucky in connection with the General Assembly of the Presbyterian Church in the United States of America, do hereby unanimously consent to approve and adopt the following amendments to said "Agreement for the Consolidation of Centre College and Central University under the name of Central University of Kentucky" and we do hereby certify and declare that said agreement of consolidation constituting the present articles of incorporation of said Central University of Kentucky is by said corporation hereby altered and amended in the following particulars, to-wit: 1. 2. The government of Central University of Kentucky and the management and control of its affairs should be vested in and conducted by a Board to be known as "The Board of Trustees of Central University of Kentucky", which shall be a self-perpetuating body, and shall be divided into four classes, and each class shall consist of six trustees. The first class shall hold office for one year, the second class for two years, the third class for three years, and the fourth class for four years, and the successors of the members of the class whose terms are about to expire, during the year of such expiration, shall be elected for four years, but no person shall be declared elected who fails to receive sixteen affirmative votes. All persons who are elected trustees, and accept said trust and qualify, shall continue in office until their successors are elected and qualified, and Section 8 of said agreement is hereby repealed and this provision is hereby adopted in lieu of and in substitution for said Section 8 of said agreement. "The Agreement for the Consolidation of Centre College and Central University under the name of Central University of Kentucky" may be altered or amended in the manner provided by law for the amendment of articles of association of incorporated bodies, and Section 12 of said agreement is hereby repealed, and this provision is hereby adopted in lieu of and in substitution for said Section 12 of said agreement. The foregoing amendments are made under and pursuant to the consent, authority and pow er conferred upon this Board by resolutions of the said Synods above mentioned; which resolutions are in terms of the amendments herein before adopted. In testimony whereof we, John Barbour, A. J. A. Alexander, John G. Hunter, George W. Welsh, Charles R. Hemphill, T. W. Bullitt, Charles T. Thomson, E. L. Warren, Lindsay H. Blanton, J. McCluskey Blayney, Harvey Glass, Edward W. C. Humphrey, Gelon H. Rout, Robert T. Quisenberry, William C. Condit, Charles C. Fox, Frederick W. Hinitt, David M. Sweets have hereunto signed our names upon this the sixth day of November, A.D. 1907." Dr. H. H. Grant appeared on behalf of the Hospital College of Medicine, and made a statement on behalf of the faculty of said College, and upon motion the whole matter was referred to the Executive Committee. The Board took recess until 10 o'clock a.m. the next day. The Board of Trustees of Central University of Kentucky met in the gymnasium on Thursday, November 7, 1907, at 10 o'clock a.m. 71 �Rev. W. Francis Irwin, D.D. appeared and was enrolled. Rev. J. G. Hunter, Rev. John Barbour, A. J. H. Alexander, and George W. Welsh took the oath of office before H. L. Briggs, a notary public for Boyle County, Ky. On motion, the Executive Committee was authorized to sell the building occupied by the Hospital College in Louisville, Ky., in such manner and on such terms as they deem best, and in the meantime are authorized to lease same. Dr. Blanton presented certain matters about the Hardin Collegiate Institute at Elizabethtown, and on motion the papers were referred to Charles C. Fox and Robert T. Quisenberry, and when approved by them the president of this Board is authorized to sign same. The amendments to the charter of Central University, which were approved and adopted on yesterday having been first filed for record in the Boyle County, Ky., clerk's office and in the office of the Secretary of State of Kentucky, and authority having been given by the Secretary of State of Kentucky to act under the same, on motion the Board approved and adopted the following amendments to the charter of Central University: "We, John Barbour, A. J. A. Alexander, J. G. Hunter, George W. Welsh, W. Francis Irwin, C. T. Thompson, E. L. Warren, L. H. Blanton, J. McCluskey Blayney, H. Glass, E. W. C. Humphrey, G. H. Rout, R. T. Quisenberry, W. C. Condit, C. C. Fox, Frederick W. Hinitt, who are each trustees of Central University of Kentucky, a corporation organized under the laws of Kentucky, under and pursuant to a certain agreement for consolidation of Centre College and Central University under the name of Central University of Kentucky, which agreement bears date July 16, 1901, and is recorded in the Boyle County, Kentucky, clerk's office in deed book number 28, pages 491 to 499, and was filed for record in the office of the Secretary of State of Kentucky on the 16th day of August 1901, and who constitute two thirds of the whole number of said trustees, acting in our capacity as the Board of Trustees of Central University of Kentucky, do hereby unanimously consent to, approve, and adopt the following amendments to the said "Agreement of Consolidation of Centre College and Central University of Kentucky" and the Central University of Kentucky does hereby consent to, and adopt, and approve said following amendments, namely: 1. 2. No denominational or sectarian test shall be applied in the choice of trustees, officers, or teachers, nor in the admission of students, and no religious doctrines peculiar to any one sect of Christians shall be inculcated by any professors in said University. The Board of Trustees shall have power to elect or appoint and remove or provide for the appointment and removal of such officers, professors, and employees generally, as in their judgment shall make the work of the University most effective. The Board shall have the right to adopt a constitution and bylaws for the government and control of the principal institutions, and for the preparatory and collegiate schools under its charge, and from time to time to alter the same. A majority of the Board shall constitute a quorum. The Board may appoint an executive committee, and vest in such committee such power as the Board may deem fit, and Section 10 of said Agreement is hereby repealed, and the foregoing provision is adopted in lieu thereof, and Section 6 and 9 are also hereby repealed. In testimony whereof we John Barbour, A. J. A. Alexander, J. G. Hunter, George W. Welsh, W. Francis Irwin, T. T. Thompson, E. L. Warren, L. H. Blanton, J. McCluskey Blayney, H. Glass, E. W. C. Humphrey, G. H. Rout, R. T. Quisenberry, W. C. Condit, C. C. Fox, Frederick W. Hinitt have hereunto signed our names this 7th day of November A.D. 1907. The amendments were signed and acknowledged before H. L. Briggs, notary public for Boyle County, Ky., and the Secretary instructed to file same with the Clerk of Boyle County, Ky., for record and a copy of same with the Secretary of State of Kentucky as required by law. Dr. Frederick W. Hinitt gave notice of an amendment to the bylaws which was as follows: 72 �Of the Election of Trustees Lindsay H. Blanton, David M. Sweets, Charles C. Fox, A. J. A. Alexander, John G. Hunter, C. R. Hemphill, Thomas W. Bullitt, Charles T. Thomson, Harvey Glass, Gelon H. Rout, James R. Barret and Henry C. Read, and their successors in office as trustees, are hereby appointed and constituted a nominating committee of this Board, who shall present to the Board each year at its annual meeting suitable names for members of the Board of Trustees, from which names the Board must elect one half of the members, whose terms of office shall expire during the annual meeting of the Board, or within twelve months thereafter. Any vacancies existing at the time of each annual meeting, where the incumbents had been elected from nominations made by this committee, must be filled by the Board from the names presented by this committee. Frederick W. Hinitt, Robert T. Quisenberry, George W. Welsh, Edward W. C. Humphrey, William L. Threlkeld, William C. Condit, John Barbour, John A Simpson, W. Francis Irwin, E. L. Warren, J. McCluskey Blayney, and John W. Yerkes, and their successors in office as trustees, are hereby appointed and constituted a nominating committee of this Board, who shall present to the Board each year at its annual meeting suitable names for members of the Board of Trustees, from which names the Board must elect one half of the members, whose terms of office shall expire during the annual meeting of the Board or within twelve months thereafter. Any vacancies existing at the time of such annual meeting where the incumbents had been elected from nominations made by this committee, must be filled by the board from the names presented by the aforesaid committee. The action of the Board of Trustees in filling vacancies in said board and in electing trustees shall be by ballot. The aforesaid provisions of Chapter 11 shall neither be altered nor modified, except by the affirmative vote of eighteen members of the Board of Trustees, and after a notice having been given at a previous meeting of an intention to propose a modification or alteration of said chapter. Board adjourned after reading and approving the minutes. John A. Cheek, Secretary,Gelon H. Rout, President Danville, Ky., January 10, 1908 The Executive Committee of Central University of Kentucky met at the Citizens National Bank of Danville, Ky. Present: J. McCluskey Blayney, George W. Welsh, Robert T. Quisenberry, Charles C. Fox, Lindsay H. Blanton, and Frederick W. Hinitt. The proposition of the faculty of the Hospital College of Medicine was on motion accepted and is as follows. Speaking on behalf of the faculty of the Hospital College of Medicine, we submit to you the following proposition to wit: 1. 2. That the contract under which the faculty leased the Hospital College on Chesnut Street between Floyd and Preston, dated the [blank space] day of [blank space] be set aside and held for naught, thereby releasing the faculty of the obligation to pay the rental therein provided for, and from the obligation to purchase the property, said property to be surrendered by the faculty on April 15, 1908, or at an earlier date if demanded by Central University. In consideration thereof, the faculty will pay to the University rental at the rate prescribed by said contract up to said date of surrender. The faculty of the Hospital College of Medicine further agrees to every way within its power to aid Central University in making sale of the said Hospital College building, and if when sold the property does not bring the sum of $22,150, the faculty will share equally with Central University the loss of the difference between the sale price and said amount of $22,150, this deficit, however, not to exceed $5,000. 73 �Signed L. S. McMurtry, president of Faculty, Philip F. Barbour, Secretary, H. H. Grant, Treasurer On motion, the property was placed in the hands of Edward W. C. Humphrey for sale. On motion, Gelon H. Rout, president of the Board, was authorized to sign a deed to James H. Gentry conveying a lot sold to him under the contract about opening Russell Street in Danville, Ky. Committee adjourned. John A. Cheek, Secretary Danville, Ky., March 10, 1908 The Executive Committee of Central University of Kentucky met at the President's House in Danville, Ky. Present: J. McCluskey Blayney, Lindsay H. Blanton, George W. Welsh, Robert T. Quisenberry, Charles C. Fox, and Frederick W. Hinitt. Recommendations of the faculty of the Louisville and Hospital Medicine College were approved as follows. "By action of the faculty, Dr. Taylor's chair was declared vacant and Dr. R. A. Bate was elected professor of materia medica and applied therapeutics. Dr. H. A. Davidson was elected professor of physiology and disease of women." and election made as requested. Thanks of the University were to be given by the President to Mr. A. Dey for a law library presented to the College of Law, to Mr. Knott for geological specimens, and to the Courier Journal for free advertising. On motion, the following rules for the retirement of professors in Centre College of Central University were adopted: 1. 2. That professors of Centre College reaching the age of 65 shall be retired by his being placed on the retiring allowance of the Carnegie Foundation. That a professor of Centre College having taught in College works for 25 years, and being incapacitated by illness or other cause from carrying the full work of his chair or department, shall be retired by being placed on the retiring allowance of the Carnegie Foundation. Investigation about Hogsett Academy was referred to Mr. Charles C. Fox. On motion, Mr. Robert T. Quisenberry was added to the building committee of the Young Science Hall. The Committee on Buildings and Grounds was authorized to settle the loss by fire to Breckinridge Hall. On motion, the building committee was authorized to accept the bid of the Home Building Co. of Louisville for building the Young Memorial Science Hall. On motion, the Finance Committee was authorized to provide the funds to make the payments as may be required by said contract, by sale of notes, securities, or loans as may seem to them best. Committee adjourned. John A. Cheek, Secretary 74 �Danville, Ky., April 27, 1908 The Executive Committee of Central University of Kentucky met at the president's office. Present: J. McCluskey Blayney, Charles C. Fox, William L. Threlkeld, Charles T. Thomson, Lindsay H. Blanton, George W. Welsh, Robert T. Quisenberry, C. R. Hemphill, and Frederick W. Hinitt. Dr. Hinitt made a report about the retirement of certain professors on the Carnegie Foundation. The recommendation of President Hinitt about an instructor in biology, philosophy, Biblical instruction and assistant in engineering was approved, and he was authorized to confer with suitable persons for these places. On motion, President Hinitt was authorized to contract for wood working machinery to the extent of $1,500 to be used in the new Young Science Hall. On motion, the thanks of the committee were to be expressed to Mrs. William C. Roberts for the gift of the portrait of her husband, and a committee consisting of Dr. Hinitt, Dr. Blanton, and Mr. Quisenberry were appointed to see her about hanging it in the chapel. On motion, the building committee of the Young Science Hall are to have charge of the rebuilding of Breckinridge Hall, and are authorized to secure plans and make contracts for same. Committee adjourned. John A. Cheek, Secretary Danville, Ky., June 9, 1908 The Board of Trustees of Central University of Kentucky met in the gymnasium at 9:30 o'clock a.m., and was called to order by the Chairman of the Board, Rev. G. H. Rout, D.D., and was opened with prayer by Dr. Harvey Glass. Rev. E. L. Warren, D.D., was asked to assist the Secretary in keeping the minutes. Members present were: Rev. Charles R. Hemphill, D.D.; Rev. W. F. Irwin, D.D.; William L. Threlkeld; Rev. E. L. Warren, D.D.; Rev. Lindsay H. Blanton, D.D.; Rev. J. McCluskey Blayney, D.D.; Rev. Harvey Glass,D.D.; Edward W. C. Humphrey; Rev. Gelon H. Rout, D.D.; Robert. T. Quisenberry; Rev. Frederick W. Hinitt, D.D.; Rev. John Barbour, D.D.; Henry C. Read; Rev. John G. Hunter, D.D.; and George W. Welsh. Reasons for absence of Col. Thomas W. Bullitt, James R. Barret, Dr. William C. Condit, and Hon. John W. Yerkes were presented and on motion sustained. The minutes of the last annual meeting of the Board of Trustees and the called meeting held at Danville, November 6, 1907, were read and approved as recorded, and the minutes of the meetings of the Executive Committee were read to the Board. Mr. John C. Bedinger of Richwood, Boone County, Ky., appeared and made a statement about a note for $1,000 given by his father Daniel Bedinger, and on motion, the Treasurer was authorized to accept $900 in full settlement of the note by way of compromise. Charles C. Fox, Rev. David M. Sweets, and Dr. A. J. A. Alexander appeared as trustees and were enrolled. Resignations of Dr. John C. Fales, Dr. James V. Logan, and Dr. Alfred B. Nelson were presented, and on motion accepted. President Frederick W. Hinitt presented his report and having been considered the following recommendations were adopted. Budget for the year 1908-09. 75 �Estimated Income Interest and Dividends Workman Fund Rents Interest subscription notes Tuition and Fees Room rents Breckinridge Hall Diploma Fees Add for sundries $19,000.00 $333.00 $4,500.00 $350.00 $24,000.00 $6,000.00 $1,200.00 $225.00 $31,608.00 $1,200.00 $32,808.00 Estimated Expenditures Salaries President and professors Redd, Clark, Crooks, Gordon, Blayney, Fulton, Cheek Professor of biology Professor Throckmorton Field secretary Fellows Four assistants Librarian Treasurer Secretary to president Gymnasium instructor Janitors (4) $15,900.00 $1,125.00 $1,300.00 $1,000.00 $750.00 $1,250.00 $500.00 $650.00 $400.00 $800.00 $1,300.00 $24,975.00 Expenses Department of Chemistry Department of Physics Department of Biology Library Bonus to Academy $250.00 $250.00 $250.00 $100.00 $300.00 $1,400.00 Miscellaneous Catalog and printing Postage, express and freight Advertising Cento Telephone and telegraph $800.00 $175.00 $250.00 $100.00 $60.00 $1,385.00 Repairs, ordinary Fuel, light, water, insurance, taxes $1,500.00 $1,600.00 $3,100.00 76 �Traveling expenses Sundry $600.00 $800.00 $1,400.00 $32,260.00 Following recommendations about Faculty were adopted. Faculty 1. 2. 3. 4. 5. 6. 7. 8. That Dr. John C. Fales, Dr. James V. Logan, and Dr. Alfred B. Nelson be elected professors emeritus in the Centre College. That to signalize the retirement of these distinguished gentlemen, the President and Vice President of the Board be requested to make some appropriate remarks at the Commencement exercises. That the work of the Department of Philosophy be conducted by the President of the University during the coming year. That Prof. Frank L. Rainey be chosen as Professor of Biology, at $1,500 the first year, with the addition of $100 per year for two years, and eligibility to election as a full professor upon completion of his work for the degree of Ph.D. That an assistant be secured by the President in mathematics and surveying, and that other assistants be secured as needed by the President, within the limits of the budget appropriations. That the President be authorized to engage assistance for the library for the care of the library and completion of the catalogue, with an expenditure of $500 That Dr. George G. Ramsey be engaged as field secretary until January 1, 1909, at the same salary, $125 per month. That Prof. Maurice G. Fulton be granted the full salary of $1,700, but his election wait on the completion of his work for the Doctors degree. Building Operations 1. 2. That the Building Committee be continued to complete the contracts already made, and to finish the buildings as they are ready for use. That when the Carnegie condition is met, the committee be authorized to proceed with the erection of the library within the limits of the appropriation $30,000. Graduates The Faculty recommend for graduation the following. Master of Arts James Llewellyn Crenshaw, of Dermott, Ark., Chemistry and German; Logan Berry English, Cecilian, Ky., English and Chemistry; Edmund Shackelford Lee, Covington, Ky., Physics and Chemistry; William Lyne Starling, Hopkinsville, Ky., German and French On recommendation of Faculty of Centre College the following degrees were conferred. Bachelor of Arts Harry Burton Boyd Henry Lander Crockett William B. Enoch Fred Aken Glass Columbia, Georgia Carlisle, Ky. Mt. Sterling, Ky. Booneville, Ky. 77 �Charles Kincaid Hay William Higgins Hopper Edgar E. Hume Coleman Hamilton Lassing DeWitt Collins Lee Robt. Caldwell McChord Bruning McConnell Robert Gibson Richardson Winchester Stewart William Henry Wadsworth Thomas Graham Watkins James Craddock Wood Albert Daniel Wingate Danville, Ky. Stanford, Ky. Frankfort, Ky. Union, Ky. Covington, Ky. Lebanon, Ky. Ashland, Ky. Somerset, Ky. Owensboro, Ky. Maysville, Ky. Louisville, Ky. Munfordville, Ky. Danville, Ky. Bachelor of Science George Woodson Morris Joseph Walker Wallingford Howard Stewart Warner Fulton, Ky. Maysville, Ky. Vicksburg, Mississippi On recommendation of Committee of Board of Trustees on Degrees: Doctor of Divinity James Lapsley McKee Kansas City, Missouri On motion, the rules of the Board were suspended and degree of Doctor of Laws were conferred on: Dr. Baxter P. Fullerton Dr. J. R. Howerton St. Louis, Missouri Lexington, Virginia and remaining names recommended to the Board by the Faculty of Centre College were referred to the Committee on Degrees. The new bylaw concerning election of trustees was adopted. In conformity with recent amendments to the charter, the Board proceeded to the election of trustees and fixing the expiration of their term of office, the vote being taken by ballot in each case. Rev. Lindsay H. Blanton, D.D.; Rev. J. McCluskey Blayney, D.D.; Rev. Harvey Glass, D.D.; Edward W. C. Humphrey; Rev. Gelon H. Rout, D.D.; and Robert T. Quisenberry, Esq., were elected Trustees for one year, their terms expiring in 1909. James R. Barret; Rev. William C. Condit, D.D.; Charles C. Fox; John W. Yerkes; Rev. Frederick W. Hinitt, D.D.; and Rev. David M. Sweets, D.D., were elected trustees for two years, their terms expiring.... Rev. John Barbour, D.D.; Henry Clay Read, Esq.; Dr. A. J. A. Alexander; Rev. John G. Hunter, D.D.; John A. Simpson, Esq.; and George W. Welsh, Esq., were elected trustees for three years, their terms expiring.... Rev. Charles R. Hemphill, D.D.; Thomas W. Bullitt; Rev. W. Francis Irwin, D.D.; Rev. Charles T. Thomson, D.D.; William L. Threlkeld, Esq.; and Rev. Edward L. Warren, D.D., were elected trustees, their terms expiring... George W. Welsh and John A. Cheek, acting as tellers of the election, reported that each of the above named trustees had been elected by seventeen affirmative votes and they were declared elected for the terms as 78 �set forth. On motion the Board took recess until 8 o'clock p.m. The Board met at 8 o'clock p.m. in the Gymnasium and resumed business. The Treasurer made his report, which was received and approved and on motion was ordered filed and recorded in the statement book. A paper setting forth the legal services of Hon. Thomas W. Bullitt in behalf of the Board was presented, and on motion it was resolved that Board pay to Col. Bullitt $2,000, and surrender to him his $1,000 note dated January 9, 1897, and his $500 unsigned subscription note dated July 1, 1902, in settlement of all legal services due him, and the secretary was instructed to communicate to Col. Bullitt the decision of the Board. The religious condition of the College being discussed by Dr. Gelon H. Rout and Dr. Hinitt. On motion, the following paper presented by Dr. Barbour was referred to the Executive Committee. Resolved that the President be requested to arrange an annual conference in connection with an annual meeting at Commencement between the members of the Board and the members of the faculty looking towards the moral and the religious interests of the students. A committee consisting of Welsh, Blayney, and Warren were appointed to assist the President in the completion of the Alumni Memorial dormitory fund. Board took recess until 9:30 a.m.. Board met at gym at 9:30 a.m.. On motion, Dr. Hinitt, Dr. Hemphill, and Col. Bullitt were appointed to prepare a memorial setting forth the position of the Board to the two Synods of Kentucky to be presented to them at their next meetings. The minutes were read and approved and the Board adjourned. John A. Cheek, Secretary, Gelon H. Rout, President Danville, Ky., July 21, 1908 The Executive Committee of Central University met at president's office. Present: Blayney, Thomson, Blanton, Hemphill, Welsh, Threlkeld, Fox, and Hinitt. On motion, the President was authorized to contract for wood working machinery and tools for the wood working department of Young Science Hall at a cost not exceeding $1,500. Committee adjourned. John A. Cheek, Secretary Lexington, Ky., October 13, 1908 Board of Trustees of Central University of Kentucky met pursuant to a call issued, in Second Presbyterian Church of Lexington, Ky., at 11 o'clock a.m. There were present: Rev. Gelon H. Rout, D.D.; Rev. Charles R. Hemphill, D.D.; Hon. Thomas W. Bullitt; Rev. W. Francis Irwin; William L. Threlkeld; Rev. Edward L. Warren, D.D.; Rev. Lindsay H. Blanton, D.D.; Rev. J. McCluskey Blayney, D.D.; Rev. Harvey Glass, D.D.; Edward W. C. Humphrey, Esq.; Rev. William C. Condit, D.D.; Rev. Frederick W. Hinitt, D.D.; Rev. David M. Sweets, D.D.; Dr. A. J. A.Alexander. Meeting was opened with prayer by Dr. Hinitt. In the absence of Mr. John A. Cheek, secretary, Rev. David M. Sweets, D.D., was elected secretary pro tem. 79 �The following paper prepared by the committee appointed by the Board at its last meeting was on motion adopted and it was ordered that copies be forwarded to the Synod of Kentucky, U.S., and the Synod of Kentucky, U.S.A. "Whereas the Synod of Kentucky, U.S., by a large majority, and the Synod of Kentucky, U.S.A., by a unanimous vote, at the meetings of their Synods held in October 1907 adopted the concurrent resolutions presented by the Executive Committee of the Board of Trustees of Central University of Kentucky authorizing the amendment of Articles 8 and 12 of the charter of the University in the terms of the concurrent resolution, and whereas the Board of Trustees of Central University in session at Danville, Ky., on November 6-7, 1907, two thirds of the members being present, voted unanimously, after full discussion, to amend the charter in the terms of the concurrent resolutions of the Synods, and completed the amendment of the charter according to the laws of the state of Kentucky governing the amendment of articles of association of incorporated companies and the certificate of the Secretary of State having been duly issued that the charter had been so amended, be it resolved: 1. 2. 3. The Trustees of Central University in assuming the charge thus committed to them by the Synods of Kentucky, hereby expresses their full realization of the trust reposed in them by the Synods, and their obligation to a faithful and wise discharge of their duties in the government of the institution. They further desire to express their full appreciation of the history and traditions of the institution, its long life of service in connection with the Presbyterian Church, and its devotion to the maintenance and propagation of the truths of the Christian religion, and in this connection to pledge themselves to the perpetuation of these traditions, relations, and fundamental principles in the future of the institution. It is our earnest purpose and determination to guard the religious life and character of the institution and to develop its influence with the fundamental purpose of fidelity to the principles of Christian Education and in a relation of complete and vital sympathy with the Presbyterian Church. To accomplish this, the Trustees will spare no pains in the molding of its future, so that with the highest conceptions of educational progress, there shall go hand in hand provision for true Christian culture under the influence of Christian teachers, and officers devoted to the progress of the kingdom of God. In order to this, the Bible will always have a place of honor in the curriculum, as it has today, and the administration of the University will be specially charged to realize the Christian ideals of its founders in the securing of definite results in terms of Christian life and service among its students. The Board of Trustees hereby requests President Hinitt to attend the meetings of the Synod U.S. of Kentucky at Winchester, Ky., and the Synod of Kentucky U.S.A. at Frankfort, Ky., as the official representative of the Board, and requests that in respect to any matters affecting Central University, which may come before either of said Synods, Dr. Hinitt be fully heard as the representative of this Board. On motion, it was ordered that President Hinitt present to each Synod a certified copy of the amendment to the charter made in accord with the actions of the Synods, whereby the Board becomes a self-perpetuating body. The resignation of Dr. Charles T. Thomson as a trustee was read and action on it was deferred until the next regular meeting of the Board. Dr. Hinitt gave notice of the following amendment to the bylaws, which lies over until the next meeting. Notice is hereby given of an amendment to the bylaws of Centre College, Chapter 6, Article 4, which it is proposed to amend so as to read, "The Tuesday before the third Wednesday of September shall be the regular time for admission" instead of "The Tuesday before the second Wednesday of September shall be the regular time for admission", which lies over until the next meeting of the Board of Trustees. The minutes were read and approved and the Board adjourned. John A. Cheek, Secretary, Gelon H. Rout, President 80 �Danville, Ky., November 20, 1908 The Executive Committee of Central University met at president's office. Present: Blayney, Blanton, Quisenberry, Fox, and Welsh and Hinitt. The letter of John T. Shelby, attorney in the A. Miller cases, was referred to the Treasurer for conference with Mr. Shelby. On motion, the Treasurer was directed to pay salaries of the President and several of the professors monthly until April 1, 1909, and thereafter quarterly. Committee adjourned. John A. Cheek, Secretary Danville, Ky., December 8, 1908 Executive Committee of Central University met at President's office. Present: Welsh, Blanton, Fox, Quisenberry, Threlkeld, and Hinitt. On motion, a proposition of the Danville Light, Power, and Traction Co. for furnishing electricity was accepted and contract approved. The action of President in purchasing seats for Young Hall was approved. On motion, the maximum outlay in the purchase of electrical machinery was limited to $2,000, and not exceeding 40 tables to cost not over $6.00 each. The bill of Welsh and Wiseman Co. for furniture for Breckinridge Hall $979.40 was ordered paid by the Treasurer. On motion, the Finance Committee was requested to devise ways of raising the money with which to pay amounts due on building contract for Young Hall and other bills. Committee adjourned to meet on 1st Tuesday in January, 1909. John A. Cheek, Secretary Danville, Ky., January 5, 1909 Executive Committee of Central University met at president's office. Present: Blayney, Quisenberry, Blanton, Fox, Welsh and Hinitt. John A. Cheek reported sale of the three dwelling houses at Richmond, Ky. for $15,000 to the State Normal School [Eastern Kentucky University] and 15 feet next to Mr. E. S. Turley to him for $200, making $15,200 for the whole property on which the three dwellings are situated, and chairman of this committee was authorized to execute a bond for a deed. The lease of the warehouse in Richmond to Burnside and Robinson for $600 per year was approved and John A. Cheek, Treasurer, authorized to sign the lease. Mr. Edward W. C. Humphrey was requested to withdraw the Hospital College property from Presbytery, and place same in hands of some other real estate firm, and the faculty of the Hospital College be consulted in selecting the firm. 81 �The Treasurer was authorized to pay the amount due the state of Illinois on an inheritance tax on property left to Centre College by William C. Young, deceased, together with the attorneys' fees for ascertaining same. On motion, a committee consisting of Welsh and Hinitt was appointed to report a plan for the prompt payment of bills in accordance with the bylaws. Messrs. Fox and Blanton were appointed as a committee to examine the Treasurer's vouchers already paid during this fiscal year. On motion, a committee consisting of Dr. Hinitt, Dr. Blanton, and Quisenberry were appointed to investigate the question securing a boarding academy. On motion, the committee adjourned. John A. Cheek, Secretary Danville, Ky., March 30, 1909 Executive Committee of Central University met at president's office. Present Dr. Hemphill, Robert T. Quisenberry, Charles C. Fox, William L. Threlkeld, Lindsay H. Blanton, and Frederick W. Hinitt. The fee of Jackson and Roberts, attorneys in the Mrs. S. A. Miller cases at Richmond, Ky., amounting to $200 was ordered paid by the Treasurer. John A. Cheek, treasurer, was authorized to settle by way of compromise the two notes of Mrs. S. A. Miller, $2,000 and $1,000 and interest in each case, for the sum of not less than $1,250 equal to cash and a new note $3,000 payable without interest at her death, same to be secured to his satisfaction by a mortgage on real estate. A letter from the Louisville and Hospital College dated January 23, 1909, was received and ordered filed. Dr. Hinitt reported a conversation had by him with the Louisville Dental College about their future relations with Central University, and he was requested to write and ask a definite statement to be submitted to the Board of Trustees in June. Bill of H. S. and F. S. Osborne, attorneys, Chicago, Ill., amounting to $38.25 for their attention to the inheritance tax case was ordered paid, and the Treasurer was authorized to express to Messrs. Osborne the thanks of the committee for their careful attention to this matter and their exceedingly moderate fee. Treasurer was authorized to borrow from the National Bank of Kentucky the sum of $15,000 at 5 percent, and pledge $15,000 Mobile and Ohio Equipment bonds as security. The committee approved the action of the Treasurer in borrowing $10,000 from the Union National Bank, Louisville, Ky., and pledging $10,000 Jeffersonville, Madison, and Indianapolis Railroad, second mortgage bonds, and borrowing $5,000 from the Fidelity Trust Company of Louisville, Ky., and pledging $5,000 New Orleans City and Lake bonds on same, and borrowing $10,000 from the Citizens National Bank of Danville, Ky., and pledging $10,000 Jeffersonville, Madison, and Indianapolis Railroad bonds, and he is authorized from time to renew these loans and to pay the interest on the same as it accrues and is called for by the banks. The Treasurer presented a list of bills, which were read to the committee and ordered paid as soon as he had the money sufficient to pay same. Committee adjourned to meet on April 20, 1909. John A. Cheek, Secretary 82 �Danville, Ky., May 12, 1909 Executive Committee of Central University met at president's office at 2 o'clock p.m. Present: Lindsay H. Blanton, William L. Threlkeld, Charles C. Fox, George W. Welsh, and Robert T. Quisenberry, and Frederick W. Hinitt. On motion, George W. Welsh was elected temporary chairman of this committee. The Treasurer presented the matter of the lease of the Hospital College property in Louisville, and he was authorized to go to Louisville and try to effect a lease of same on best terms obtainable. A letter from Willis and Todd of Shelbyville, Ky., concerning any claim of Central University, was placed in hands of the Treasurer, and he was authorized to go to Shelbyville and see them, and make arrangements to present to the executives a note of Joseph B. Cox for $1,000. On motion, Messrs. John T. Shelby and John A. Cheek, treasurer, were authorized to make a settlement of the two notes, $2,000 and $1,000, against Mrs. S. A. Miller by compromise, according to their best judgment. On motion, Breckinridge Hall was offered for the use of the student conference to be held in Danville in June next. John A. Cheek, secretary, was directed to furnish to Col. Bennett H. Young a certified copy of the action of the Executive Committee on October 11, 1907, submitting to the two Synods suitable resolutions authorizing and consenting to the amendment of the charter of Central University. The Treasurer presented a list of bills amounting to $9,918.50, and he was authorized to pay same as soon as certain ones received their final okay from the Building Committee, and he was authorized to borrow an additional sum of not exceeding $5,000 with which to pay these bills, and the Treasurer is authorized to pledge securities now owned on this note. The committee adjourned. John A. Cheek, Secretary, Gelon H. Rout, President Danville, Ky., June 8, 1909 The Board of Trustees of Central University of Kentucky met in the gymnasium at 9:30 o'clock a.m., and was opened with prayer by Dr. Blanton. There were present: Blanton, Humphrey, Rout, Quisenberry, Fox, Yerkes, Hinitt, Alexander, Welsh, Bullitt, Threlkeld, Warren. Letters were read from Drs. Condit, Sweets, Hunter, Hemphill, Thomson giving reasons for absence from this meeting of the Board, and on motion were sustained. Mr. H. L. Briggs, a notary public in and for Boyle County, Ky., administered the oath required by the charter to the twelve trustees present named above. The minutes of the annual meeting of the Trustees held June 9, 1908, and the called meeting held October 13, 1908, were read and approved as recorded. The meetings of the Executive Committee since the last annual meeting of the Board were read to the Board as recorded in this minute book. Rev. Edward L. Warren was on motion appointed to assist the Secretary. Mr. Henry C. Read and Dr. John Barbour appeared and were enrolled. A letter from Mrs. Robert P. Jacobs was read to the Board, and on motion of Mr. William L. Threlkeld was ordered spread on the minutes of the Board and the letter placed on file among valuable papers. The letter is as follows: June 7th Dr. Frederick W. Hinitt My dear sir: 83 �My sisters and I desire to express to you and through you to the Board of Trustees our appreciation of the beautiful memorial building, which you have erected to the memory of our father and brother, Drs. John C. and William C. Young. Our family have most earnestly desired the legacy left by Dr. William Young to be used as he thought he would wish in building a memorial chapel. We know that in his will this was not expressed, because he had expected to build this chapel with money promised him by Dr. Mutchmore. After talking with you and some members of the Board we were satisfied that the "Science Building" was more needed and would be more useful to the College, and that our brother would himself have made this change. Since we have seen the splendid Hall we feel that no more fitting memorial could have been erected, and that the names and memory of our father and brother will forever be associated with the College, which they so dearly loved and for which they so faithfully worked. We especially thank you for the time and thought that you have given to this work, and we feel that the Hall will also be a memorial of your administration. Sincerely yours, Zillah Y. Jacobs I wish also to add the names of my sisters who join with me in this word of thanks to you and the Board: Mary Y. Rout, Jane Y. Rutherford, Carrie Y. Douglass, Eugenia and Sally Lee Young. Above is a copy of this letter. John A. Cheek, Secretary The President's report was read, and on motion received to be acted on seriatim later. On motion, the Board took recess at 12 o'clock to visit Young Science Hall, and at 2 o'clock to meet in the Gymnasium building. At 2 o'clock p.m. the Board met and resumed business. Rev. John G. Hunter appeared and was enrolled. Recommendations of President's report were considered. The honorary degree of D.D. was conferred by ballot on Rev. Rutherford Edwin Douglass of Macon, Georgia, and Rev. Henry Hays Sweets of Louisville, Ky., on recommendation of Committee on Degrees and previous recommendation of the Faculty. Degrees in course conferred: Master of Arts John Palmer Darnall Edgar E. Hume DeWitt Collins Lee Shelton Hughes Watkins Thomas Graham Watkins Flemingsburg, Ky. Frankfort, Ky. Covington, Ky. Owensboro, Ky. Louisville, Ky. Bachelor of Arts Grannis Bach Hugh Cassiday Henry W. Cave Gifford D. Collins Jackson, Ky. Elizabethtown, Ky. Paducah, Ky. Lookout Mt., Tennessee 84 �Milton M. Durham Lawrence W. Hager Frederick I. S. Hess Walter A. Hopkins George F. Lee Madison J. Lee Jack Hynes McChord Edward F. McConnell John Shuck McElroy Lawrence I. McQueen Samuel H. Miller Malcolm D. Raworth Benjamin H. Sachs Henry Shelton St.Clair Fred Moore Vinson Hugh Allen Voris S. H. Watkins, Class of 1908 Danville, Ky. Louisville, Ky. Louisville, Ky. Wickliffe, Ky. Danville, Ky. Danville, Ky. Springfield, Ky. Danville, Ky. Springfield, Ky. Shelbyville, Ky. Richwood, Ky. Vicksburg, Mississippi Louisville, Ky. Louisville, Ky. Louisville, Ky. Burgin, Ky. Owensboro, Ky. On recommendation of Law Faculty: Degree of LL.B. William Breckinridge Ardery, Chester Bach, Alvin Hawes Clark, Nicholas Dickenson, Enwright Ernest, Lorraine Green, Jay Wellington Harlan, Estel Edward Owsley, Edward Franklin Voris, John James Wakefield, Jr. The following recommendations of the President were approved by the Board: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. That Assistant Prof. Stanley P. Farwell [professor of electrical engineering] be engaged for the coming session at salary of $1,100. That Prof. Maurice G. Fulton [professor of English] be continued the coming session, and be advised to complete his work for the Doctor's degree at the earliest possible date. That the matter of the selection of a professor for the Department of Physics be left in the hands of the President, the selection to be reported in due time to the Executive Committee for its approval. That the Board approve the change of the date of opening of College session. That the offer of compromise of B. Magoffin be accepted. That the Executive Committee be requested to adjust the relation of Louisville College of Dentistry to the University by bringing about separation. That the Executive Committee investigate tuition. That recommendations of Dean of Law School be adopted. Establishing pathological laboratory and Executive Committee to act on as to pharmacy. That budget presented herewith be adopted That local representation on Executive Committee be enlarged from 5 to 6, and it was directed that the President being an ex officio member of the committee should be counted to determine a quorum. That the Building Committee be continued. That a special committee on endowment consisting of five members, to be selected by Dr. Hinitt, be appointed to advise and cooperate with the President in the development of his plans for the increase of the endowment. Messrs. Read and Barbour were appointed a committee to nominate the standing committees for next two years. The Treasurer's report was received and approved and ordered recorded in the statement book. 85 �The president of the Board of Trustees was authorized to sign deeds to Board of Regents of the Eastern Kentucky Normal School [Eastern Kentucky University] and Mr. E. S. Turley of Richmond, Ky., conveying to them the three professors' houses in Richmond, Ky., now owned by Central University facing the campus of the Normal School. Board approved the report of the committee to nominate the members of the standing committees of the Board to hold office for two years as follows. Executive Committee George W. Welsh, Lindsay H. Blanton, William L. Threlkeld, Charles R. Hemphill, Charles C. Fox, Robert T. Quisenberry, and the member succeeding Dr. Blayney. Finance Committee Edward W. C. Humphrey, Charles C. Fox, Robert T. Quisenberry, George W. Welsh, and John A. Cheek. Buildings and Grounds Robert T. Quisenberry, Charles C. Fox, David M. Sweets, and George W. Welsh. Morals and Discipline W. Francis Irwin, William C. Condit, and A. J. A. Alexander. Hon. Thomas W. Bullitt read from the minutes of proceedings of Synod of Kentucky, U.S., page 704, and moved that at this time we do not deem it wise to offer recommendations touching the matter. The Board ordered that when it adjourns it shall be to meet on call of the President if he shall deem it wise to so meet, the time of meeting to be October 5, 1909, and the place to be named by the President. The report of the Finance Committee, which is appended in typewritten copy, was approved. On motion of Mr. Threlkeld, a committee of three consisting of Hinitt, Threlkeld, and Blanton were appointed to bring in a minute on the death of Dr. Blayney. Board took recess until 9 o'clock a.m. next morning. Board met at 9 o'clock a.m., June 9, 1909, and resumed business. After reading the minutes, the Board adjourned to meet on Tuesday, June 7, 1910, at 9 o'clock a.m., unless sooner called by the president of the Board of Trustees. John A. Cheek, Secretary Danville, Ky., June 26, 1909 Executive Committee of Central University of Ky. met at Farmers National Bank, Danville, Ky. Present: Welsh, Blanton, Quisenberry, Hinitt. On motion, permission was granted to use the academy lot by placing thereon a tent to be used for speakers in the interest of temperance. Prof. Newland F. Smith was engaged for the ensuing year as Professor of Physics at $1,600 for first year, and if retained, at $1,700 for second year, and after two years to be eligible for election by Board for full professorship. Claim of B. C. Southwood for $29 for extra services as plumber was allowed by way of compromise. 86 �Committee adjourned. John A. Cheek, Secretary Danville, Ky., July 16, 1909 Executive Committee met. Present: Welsh, Fox, Blanton, Quisenberry, and Hinitt. The resignation of M. G. Fulton was presented and accepted. Dr. Hinitt was authorized to employ Prof. Stanley P. Farwell to put in new electrical apparatus in Young Hall. On motion, the following action was taken: Resolved, in order to prompt payment of accounts, that the Treasurer be authorized to pay claims not over $50 in accordance with the bylaws of the University on the okay of the President of the University. Accounts presented to this meeting were directed paid, when they receive the okay of the President. The letter of Col. Thomas W. Bullitt about expenses of the complaint of Col. Bennett H. Young was referred to the three members of this committee who are members of the Presbyterian Church U.S. Committee adjourned. John A. Cheek, Secretary Danville, Ky., October 9, 1909 Executive Committee of Central University of Kentucky met at the Farmers National Bank, Danville, Ky. Present: Welsh, Quisenberry, Fox, Blanton, Hinitt. Application of the chemistry department for $111.96 was allowed, any excess over budget to be charged against the $500 emergency fund. Bill of Bausch and Lomb Optical Co. $153.77 was allowed. Dr. Daniel L. Thomas was on motion elected Professor of English for the ensuing year at salary of $1,600. On motion, the Treasurer was instructed to pay all salaries under $1,700 per annum monthly. The committee authorized the Treasurer to accept $300 as a compromise of the legacy left to Central University in the will of Mrs. Margaret Martin of Georgetown, Ky. The following action was taken concerning the sale of a flat building on Huron Street in Chicago, Illinois. Whereas by deed recorded in year 1899 Trustees of the Centre College of Kentucky acquired title to the property located in Cook County, Illinois, described as lot twenty four (24) except the west two and three quarters (2 3/4) inches of the south fifty (50) feet thereof in block forty (40) in Ogdens addition to Chicago; and whereas said Trustees of the Centre College of Kentucky by deed dated July 16, 1901, conveyed the property above described to John Stites, Trustee, on condition that the said Stites, Trustee, should convey said property to Central University of Kentucky as soon as same should be legally created and organized by consolidation of Trustees of the Centre College of Kentucky located at Danville, Kentucky and Central University of Kentucky located at Richmond, Ky., and whereas said Stites as Trustee has never executed a conveyance of said property to Central University of Kentucky, and whereas on the 12th day of July 1909 the officers of the corporation entered into a written contract for the sale of the property above described to one Rocco Vitalle at the price of $6,800 ($4,000 of which is payable five years (5) after date of said contract and secured by a purchase money mortgage of said premises) and whereas pursuant to said contract the President of Board of Trustees and the Secretary of Central University of Kentucky 87 �and the said John Stites as Trustee have executed a good and sufficient deed of conveyance to the said Rocco Vitalle of the property above described: Now therefore be it resolved by the Executive Committee of the Board of Trustees of the said Central University of Kentucky in meeting duly assembled that the said contract of sale and deed of conveyance to Rocco Vitalle and the acts of the officers of this corporation and of the said John Stites as Trustee in executing the same be and they hereby are ratified and confirmed. Committee adjourned. John A. Cheek, Secretary Danville, Ky., November 30, 1909 Executive Committee of Central University of Ky. met at Farmers National Bank, Danville, Ky. Present: Welsh, Blanton, Fox, Quisenberry, Hinitt. Treasurer was authorized to Home Building Co. balance $75.65, leaving a disputed claim of $193 for hauling brick, which was referred to Messrs. Fox and Quisenberry as attorneys. Same attorneys were requested to prepare answer to letter of the executors of Mr. Kennedy of New York asking for copy of charter and other information. Prof. Newland F. Smith was authorized to expend $380 to best advantage in buying new apparatus, etc., for the physics department and $85 for renewal of storage battery, this latter to be charged to general repairs in the budget. Committee adjourned. John A. Cheek, Secretary Danville, Ky., March 22, 1910 Executive Committee of Central University met at Farmers National Bank. Present: Welsh, Fox, Hinitt, Blanton, and Quisenberry. On motion, the bill for printing the Cardinal and Blue (annual) was guaranteed to extent of $375 and any money due them for advertising or copies purchased to be retained until bill is paid. Committee adjourned. John A. Cheek, Secretary Danville, Ky., April 21, 1910 Executive Committee of Central University met at president's office. Present: Welsh, Blanton, Threlkeld, Quisenberry, and Hinitt. On motion, the following action concerning use of gymnasium [Old Boyle-Humphrey Gymnasium] was taken. It is hereby ordered by the Executive Committee that the privileges of the Central University gymnasium be withdrawn from the students of the Academy, and are hereby restricted to the students at Centre College and the College of Law, and the officials and employees of the College are hereby directed to see to it that this order is strictly enforced. On motion, a committee was appointed to consider the question of a plan to secure lower board for students. 88 �Dr. George J. Ramsey was employed at a salary of $100 per month, and traveling expenses for four months, beginning May 1st for field work for year 1910-11, and to be paid out of any funds available for field work for 1910-11. On motion, the Treasurer was directed to call on the faculty of the old Hospital College requesting payment of $2,500 under contract with them, and if possible in his discretion to lease the building. Committee adjourned. John A. Cheek, Secretary Danville, Ky., June 7, 1910 The Board of Trustees of Central University of Kentucky met in the gymnasium on Tuesday, June 7, 1910, at 9 o'clock a.m., and was called to order by the president of the Board of Trustees, and opened with prayer by Dr. Barbour. The roll was called and the following members found present: William C. Condit, John W. Yerkes, Frederick W. Hinitt, David M. Sweets, John Barbour, George W. Welsh, W. Francis Irwin, William L. Threlkeld, Edwin L. Warren, Lindsay H. Blanton, Gelon H. Rout, Robert T. Quisenberry, and Charles C. Fox. Reasons for absence of Dr. C. R. Hemphill and Mr. Edward W. C. Humphrey was presented and on motion sustained. Rev. E. L. Warren was elected assistant secretary for this meeting. The minutes of the last annual meeting held June 8, 1909, were read and approved as recorded, and the minutes of the Executive Committee since last annual meeting of the Board read as recorded. The President of the University read his report which was received and acted on later in the meeting. Rev. Harvey Glass, one of the trustees, appeared and was enrolled. The oath of office required by the charter was administered by H. L. Briggs, a notary public, to the following members: William C. Condit, David M. Sweets, Harvey Glass, John Barbour, and W. Francis Irwin. Dr. A. J. Alexander appeared and was enrolled. The President's report was taken up and the recommendations considered seriatim, and the following were adopted: 1. 2. 3. That this Board cordially accepts the offer of the General Education Board and proceed to meet the conditions That the following committee be appointed to take charge of the details of the campaign under the general plan: Frederick W. Hinitt, George W. Welsh, W. L. Threlkeld, A. J. A. Alexander, W. F. Irwin, Charles R. Hemphill, and Lindsay H. Blanton. That this committee be authorized to secure suitable assistance for the prosecution of the canvass, and to make other expenditures necessary to the successful issue of the campaign, and that all such be charged to the cost of the enterprise and not to the annual fund. General Recommendations Adopted 1. 2. 3. That the Board formally approve by resolution the statement of the "Policy of Central University" given in this report, and directs that the same be printed and circulated among the alumni and friends of the institution. That according to agreement the salaries of professors Frank Rainey, Newland Smith, and Daniel Thomas be fixed at $1,700 per annum, and Prof. Farwell at $1,200. That the Executive Committee be instructed and authorized to make suitable arrangements in connection with the problem of boarding students of the College at a reasonable rate, such as will enable us to meet the competition of other communities and institutions. 89 �4. 5. 6. 7. 8. That the President of the University be directed to devote himself for the ensuing year to the promotion of the endowment plan, and that he make such dispositions of detail of the work of the College as may be necessary to enable him to give, so far as possible, free attention to this important work. That suitable expression be made by this Board in connection with the legacy left by the late John S. Kennedy of New York City and same sent to Mrs. Kennedy, and that Gelon H. Rout, president of the Trustees of Central University of Kentucky, is authorized and empowered as president of the Trustees to duly sign, acknowledge, and deliver in the name of Central University of Kentucky, which is the successor of the trustees of the Centre College of Kentucky, any and all papers including refunding bonds, required by the administratrix and executors of the last will and testament of John S. Kennedy, late of the city, county and state of New York, on account of payments by them of the aforesaid legacy to said Central University of Kentucky, and affix the corporate seal of the University thereto. That an amendment to the bylaws of the Board is proposed to the effect that a member of the Board being absent from two consecutive meetings without excuse be dropped from the Board. That the Executive Committee be authorized to take the necessary steps to the canceling of the contract with the Dental Department. That the recommendations of the Faculty of Centre College and the Faculty of the College of Law as to degrees to be conferred were approved and degrees conferred as follows. Degree of LL.D. Hon. Helm Bruce of Louisville, Ky. Hon. John D. Fleming of Boulder, Colorado Degree of D.D. Rev. Aguila Webb, Ph.D., of Louisville, Ky. Degree of M.A. Hugh Cassiday Lawrence W. Hager Madison J. Lee Jack Hynes McChord John S. McElroy Richmond, Ky. Louisville, Ky. Danville, Ky. Springfield, Ky. Degree of B.A. Andrew D. Allen Joseph J. Arnold Cecil V. Crabb Elijah P. Faulconer Charles L. Fleece Louis W. Frank Herschel A. Long Thomas L. Purdom Phillips H. Ryan Louis Seelbach Elizaville, Ky. Versailles, Ky. Emenince, Ky. Danville, Ky. Campbellsville, Ky. Louisville, KY. Hopkinsville, Ky. Parksville, Ky. Beard, Ky. Louisville, Ky. Degree of B.S. Joseph M. Hendrie Shirley Hudson Central City, Ky. Lancaster, Ky. Degree of LL.B. David W. Coleman John T. Diederich Harrodsburg, Ky. Ashland, Ky. 90 �David M. Howerton Addison Lanier & Isaac Lanier Roy E. Moorman Albert D. Wingate Keith B. Wise William Wordford James Clinton Cheek, Jr. as of Class 1910 Newfoundland, Ky. Danville, Ky. Hardinsburg, KY. Danville, Ky. Lushing, Virginia Paris, Ky. The budget for the year 1910-11 was adopted and is as follows. [Budget not shown on pages of minutes] Board took recess until 2 o'clock p.m. At 2 o'clock p.m. Board resumed business. The members of the nominating committee consisting of Frederick W. Hinitt, Robert T. Quisenberry, and others nominated John A. Cheek to fill vacancy caused by death of J. McClusky Blayney in class which expired in 1909, and the remaining members of this class to succeed themselves. [This is a photocopy of page inserted in volume of handwritten minutes] Extract from the minutes of the Board of Trustees of Central University of Kentucky. At a meeting of the Board of Trustees of Central University of Kentucky, held at Danville, Ky., on June 7, 1910,the Board of Trustees being duly advised of the bequest of $25,000 by the will of the late John S. Kennedy of New York to Centre College, Danville,Ky., on motion unanimously adopted, Gelon H. Rout, president of the Trustees of Central University of Kentucky, is authorized and empowered as president of the Trustees to duly sign, acknowledge, and deliver in the name of Central University of Kentucky, which is the successor of the Trustees of the Centre College of Kentucky, any and all papers including refunding bonds, required by the administratrix and executors of the last will and testa ment of John S. Kennedy late of the city, county, and state of New York, on account of payments by them of the aforesaid legacy to said Central University of Kentucky, and affix the corporate seal of the University thereto. A true copy from the minutes. John A. Cheek, Secretary of Central University of Kentucky The members of the nominating committee consisting of Lindsay H. Blanton, David M. Sweets, and others nominated Mr. John Stites to take the place of Thomas W. Bullitt, deceased, in class expiring 1912, and the classes expiring 1909 and 1910 to succeed themselves. The clerk was instructed to cast the ballot, and the nominations made by both committees were confirmed unanimously. Mr. John A. Simpson requested that the Board appoint a successor to himself. On motion, Mr. Simpson was requested to remain in the Board, and the President of the University was requested to make suitable reply to letter. The Treasurer's report was received, approved, and ordered recorded in statement book. On motion of Mr. Threlkeld, the Treasurer was authorized to use money collected from bonds maturing on account of Young Hall, and to hold the real estate in Chicago received under the will of William C. Young as part of the general endowment of Centre College. On motion, the president of the Board of Trustees is authorized to sign deeds in case of sale of any of the Chicago real estate made by the Executive Committee between meetings of the Board. 91 �On motion, the Treasurer was authorized to borrow money not in excess of $2,500 to meet current expenses and salaries. On motion of Dr. Blanton, the Treasurer was authorized to make compromise settlement of the notes of Mrs. Susan A. Miller, late of Richmond. Board took recess until 8 o'clock p.m. At 8 o'clock p.m. the Board met. Mr. Edward W. C. Humphrey appeared and was enrolled. In absence of Dr. Rout, on motion Dr. Blanton was elected president pro tem of the Board. On motion, Prof. Leslie Bosley was requested to make a statement of his work to the Executive Committee to be used as basis of new contract. Reason of absence of Dr. John G. Hunter were presented and on motion sustained. On motion of Dr. Hinitt, Dr. John C. Fales was requested to cooperate with a committee consisting of John A. Cheek, Robert T. Quisenberry, George W. Welsh, and Lindsay H. Blanton in getting information for a new edition of the General Catalogue. Board took recess until 9:30 a.m. Wednesday. Robert T. Quisenberry, notary public, administered oath to following members of Board of Trustees, viz. Condit, Yerkes, Hinitt, Sweets, Barbour, Welsh, Irwin, Warren, Threlkeld, Blanton, Rout, Fox, Humphrey, Glass, Alexander, and Cheek. Board met at 9:30 a.m. and adjourned. John A. Cheek, Secretary Danville, Ky., September 3, 1910 Executive Committee of Central University of Ky. met at Farmers National Bank of Danville, Ky. Present: George W. Welsh, Charles C. Fox, Robert T. Quisenberry, Lindsay H. Blanton, Frederick W. Hinitt, and John A. Cheek. The application of the Lees Institute for a new deed to ground and buildings at Jackson, Ky., and the suit to settle the McClintock estate at Richmond, were referred to Charles C. Fox and Robert T. Quisenberry, also the same committee was requested to investigate a suit at Elizabethtown, Ky., in connection with the Hardin Collegiate Institute. On motion, the following action was taken concerning the conditional gift of the General Educational Board, New York. The Board of Trustees of Central University of Kentucky, located at Danville in state of Kentucky. hereby accepts the conditional pledge of the General Education Board, dated May 24, 1910, and covenants and agrees that, if the terms of the pledge are complied with and the money paid by the General Education Board, the Board of Trustees of Central University of Kentucky will faithfully perform the covenants on behalf of said University in said pledge. On motion, George J. Ramsey was continued in the work of field agent until the opening of College. Matter of the stable was referred to Committee on Buildings and Grounds. 92 �On motion, the Treasurer was authorized to borrow $2,000 to be used in paying expenses, 56 window shades for Science Hall, and 6 shades for Fry House were ordered and purchased. Mr. Cheek was authorized to repair roof of warehouse at Richmond. Committee adjourned. John A. Cheek, Secretary October 4, 1910 Executive Committee of Central University met at President's office. Present Welsh, Fox, Blanton, Quisenberry, Cheek, and Hinitt. On motion, the Secretary was directed to call a meeting of the Board of Trustees to be held October 11, 1910, in Danville, Ky. John A. Cheek, Secretary Danville, Ky., October 11, 1910 The Board of Trustees of Central University of Kentucky met in president's office in Danville, Ky. Present Frederick W. Hinitt, Charles C. Fox, John Barbour, John G. Hunter, George W. Welsh, John Stites, W. Francis Irwin, William L. Threlkeld, Lindsay H. Blanton, Edward W. C. Humphrey, Gelon H. Rout, Robert T. Quisenberry, and Alexander. The object of the meeting was stated by Dr. Hinitt, and on motion Dr. George J. Ramsey was employed as field agent from October 15, 1910, to June 15, 1911, at salary of $125 per month, and he is to assume such other duties as are assigned to him by the president. On motion of Lindsay H. Blanton, the President of the University and four members to be appointed were constituted a committee to report to the next annual meeting. 1. 2. On question of student attendance, the most efficient and economical means of securing it. On the question of religious instruction in the College, and especially on the development of a deep religious life and activity in the student body. Chairman appointed Lindsay H. Blanton, Edward W. C. Humphrey, John G. Hunter, and John A. Cheek as members of the committee to act with President Hinitt. On motion, the Treasurer was authorized to pay balance of bill of Bausch and Lomb Optical Co. of Rochester, N.Y., amounting to $200 which remained unpaid on June 1, 1910. On motion, the purchase of a case for the library cards was authorized purchased at not over $100 cost. Mr. John Stites took the oath of office as a Trustee, which is required by the charter. Board adjourned. John A. Cheek, Secretary 93 �Danville, Ky., June 13, 1911 The Board of Trustees of Central University of Kentucky met in the gymnasium, pursuant to adjournment on Tuesday, June 13, 1911, at 9 o'clock a.m., and was called to order by the president of the Board of Trustees, Rev. Gelon H. Rout, D.D., and was opened with prayer by Rev. Edward L. Warren, D.D. The roll was called and the following members were present: Charles C. Fox, Frederick W. Hinitt, George W. Welsh, A. J. A. Alexander, John Stites, W. F. Irwin, Edward L. Warren, Lindsay H. Blanton, Edward W. C. Humphrey, Gelon H. Rout, Robert T. Quisenberry, and John A. Cheek. Edward L. Warren was on motion elected assistant secretary of this meeting. Excuses for absence of Hon. John W. Yerkes, Rev. William C. Condit, Charles R. Hemphill, Dr. John Barbour, Dr. Charles T. Thomson were read and on motion sustained. The minutes of the last meeting held June 7, 1910, were read, and on motion approved as recorded. The minutes of the Executive Committee were read for the information of the Trustees. The President of the University read his report, which was received and acted on later. Rev. David M. Sweets, D.D., appeared and was enrolled. At 12 o'clock the Board took recess until 2 o'clock p.m. The Board met at 2 o'clock p.m. and resumed business. Mr. Henry C. Read appeared and was enrolled. The President's report was considered seriatim, and on motion the following recommendations were adopted: 1. That the building committee having in charge the construction of Young Hall, and which has never been discharged, be continued and be authorized to proceed with procuring plans for the library building, and to let contracts when the conditions of Mr. Carnegie have been complied with, the whole cost of the building ready for occupancy with all charges for architects fees, grading and everything necessary to make a complete job to be within the amount of Mr. Carnegie's gift. 2. That the committee appointed last year in connection with the movement for increased endowment and equipment be continued with same powers. 3. That the rules granting of honorary degrees be so amended that the Faculty make recommendations in writing and by mail to the Board of Trustees during the month of January each year, and that a mail vote be taken and that upon the unanimous action of the Board the recipient of the degree be notified and the degree be conferred if the recipient is present at the Commencement exercise to receive it, and that a suitable diploma be granted to the recipient of the degree. 4. That the Commencement of 1912 be signalized as an alumni homecoming, and that the details be planned by the Executive Committee and the Faculty to the end that a large attendance of the alumni be secured. 5. That the publication of four alumni bulletins per year under the direction of the President and the alumni members of the College faculty be approved. 6. That the plan of religious education presented by the President be approved, and that he be directed to include the securing of the necessary endowment for this work in his plans for the coming year. 7. That Dr. John C. Fales be requested to proceed with the preparation of the new alumni register, and that a committee of the Board consisting of three alumni of the institution be appointed to arrange for the funds necessary for publication. 8. That Dr. George J. Ramsey be continued as assistant to the President for the coming year at the salary of $1,500. 9. The budget for 1911-12 as presented was adopted and appears on opposite page 241. 10. Recommendations of Dean Throckmorton of the College of Law as presented in his report were adopted and are as follows: i. That the present Faculty be retained on the same terms as heretofore. 94 �ii. iii. That the income of the school be applied to the payment of the expenses of the current year, the surplus, if any, to be applied in payment of balance on salaries due for years 1906-07 to 1907-08. That any surplus remaining after the payment of above be applied either in employment of additional instructors, or be held in the treasury for the benefit of law school in discretion of the President and the Dean. The following degrees were conferred: Doctor of Divinity Rev. Frederick William Hawley of Bloomington, Illinois; Rev. Harry C. Rogers of Kansas City, Missouri. Master of Arts Cecil Van Meter Crabb Frederick Ireland Shannon Hess Joseph Munier Hendrie Phillips Harper Ryan Emmenince, Ky. Louisville, Ky. Central City, Ky. Mt. Sterling, Ky. Bachelor of Arts Charles Edward Allen William Clayton Anderson James Worthington Bethel David Dudley Crenshaw John Sprole Lyons John Thomas Metcalfe William McClanahan Miller Harvey Hunter Orr Thomas Edwin Quisenberry Abisha Frank Tabb William Robert Todd Caldwell Reghell Walker Thomas Edward Webber George Twyman Wood Maysville, Ky. Danville, Ky. Danville, Ky. Dermott, Arkansas Louisville, Ky. Pineville, KY. Richwood, Ky. Covington, Ky. Danville, Ky. Sonora, Ky. Columbia, Ky. Somerset, Ky. Texarkana, Arkansas Louisville, Ky. Bachelor of Science William Perkins Caldwell Horace Withers Reid Glave Goddard Vivion Danville, Ky. Danville, KY. Harrodsburg, KY. Bachelor of Laws William M. Duffy William Varn Ellis Alexander Gwyn Foster, Jr. Frederick Ireland Shannon Hess Floyd James Laswell Charles Frederick See Fred Moore Vinson Thomas Wood Vinton Louisville, Ky. Danville, Ky. El Paso, Texas Louisville, Ky. Owensboro, Ky. Fort Gay, West Virginia Louisa, Ky. Memphis, Tennessee On motion, authority was given to the President in conference with the Executive Committee to employ a student secretary, if the way be clear. 95 �The following standing committees of the Board were re-elected for two years: Executive Committee - George W. Welsh, Lindsay H. Blanton, William L. Threlkeld, Rev. Charles R. Hemphill, Charles C. Fox, Robert T. Quisenberry, and John A. Cheek. Finance Committee - Edward W. C. Humphrey, Charles C. Fox, Robert T. Quisenberry, George W. Welsh, and J. A. Cheek. Buildings and Grounds - Robert T. Quisenberry, Charles C. Fox, George W. Welsh, and D. M. Sweets Morals and Discipline - Rev. W. Francis Irwin, Rev. William C. Condit, Dr. A.J.A. Alexander. The Treasurer made his report which was received, approved, and ordered filed. On motion, authority to vote the stock of the Louisville Gas Company was referred to the Executive Committee with authority to act. A resolution to invite the General Assembly of the Presbyterian Church U.S.A. to come to Danville next May while in session at Louisville was referred to the Executive Committee. Danville, Ky., June 28, 1911 The Executive Committee of Central University met at Farmers National Bank of Danville, Ky. Present George W. Welsh, Lindsay H. Blanton, Charles C. Fox, Robert T. Quisenberry, John A. Cheek, and Frederick W. Hinitt. On motion, unanimously adopted the proxy of the University to vote its stock at the annual election for directors of the Louisville Gas Company was given to John A. Cheek, and he was further authorized to sell the stock at best price, not less than $116 per share and in event of sale, and also to the proxy the chairman of the Executive Committee is hereby authorized to sign the corporate name and affix its corporate seal. John A. Cheek, Secretary Louisville, Ky., November 13, 1911 The Executive Committee of Central University met at Seelbach Hotel. Present George W. Welsh, Lindsay H. Blanton, C. R. Hemphill, William L. Threlkeld, Robert T. Quisenberry, and Frederick W. Hinitt; also as members of the Board Edward L. Warren, David M. Sweets, W. Francis Irwin, John Stites, Edward W.C. Humphrey. After hearing from Dr. Butterick, secretary of the General Education Board, the following action was taken by the Executive Committee: That the Board of Trustees be called at an early date for the purpose of arranging to carry forward a campaign for education and soliciting funds to meet the proposition of the General Education Board and to consider any other matters which may come before the Trustees. By a rising vote the thanks of the members present was expressed to the General Education Board and Dr. Butterick for their interest in Centre College as expressed by the presence of Dr. Butterick at this meeting. The following extract from the minutes of the General Education Board passed at its meeting held October 27, 1911, was left with this committee. On motion, the sum of $50,000 was appropriated to Central University of Kentucky, Danville, Kentucky, for endowment, conditioned on the raising of a supplemental sum of not less than $150,000, the total sum of $200,000 to be used for the following purposes. 96 �For endowment Buildings and equipment $133,333.34 66,666.66 $200,000.00 The dates for securing and collecting said subscriptions to be fixed at January 1, 1913, and February 28, 1917, respectively." John A. Cheek, Secretary. Danville, Ky., December 26, 1911 The Executive Committee of Central University met at Farmers National Bank of Danville, Ky. Present George W. Welsh, Lindsay H. Blanton, Charles C. Fox, Robert T. Quisenberry, Frederick W. Hinitt, and John A. Cheek. Resignation of W. T. Mackey as principal of the Academy was accepted, and on motion the place was offered to Prof. Leslie C. Bosley on same terms. Danville, Ky., January 5, 1912 Executive Committee of Central University met at Farmers National Bank of Danville. Present: George W. Welsh, Robert T. Quisenberry, Charles C. Fox, Charles R. Hemphill, Lindsay H. Blanton, John A. Cheek, and Frederick W. Hinitt. On motion, President Hinitt was authorized to return to A. Y. Berry of Ft. Smith, Arkansas, his subscription note to the New Gymnasium fund on the payment of $20 cash on same. On motion, the bill of Danville Motor and Electric Co., amounting to $110.26, was ordered paid, and the Treasurer was directed to enter same on his books to cost of construction of Young Hall. The Secretary was directed to call meeting of Board of Trustees to meet at Theological Seminary in Louisville on January 30, 1912, at 9 o'clock a.m. John A. Cheek, Secretary Louisville, Ky., January 30, 1912 The Board of Trustees of Central University met at the Presbyterian Theological Seminary and the meeting was opened with prayer. The following Trustees were present: Dr. Hemphill, Dr. Barbour, Dr. Hinitt, Dr. Sweets, Mr. Yerkes, Edward W. C. Humphrey, George W. Welsh, Dr. W. Francis Irwin, Dr. Warren, Dr. Blanton, Mr. Threlkeld and Mr. John A. Cheek. Reasons for absence of Mr. Robert T. Quisenberry were read and sustained. On motion, the conditional gift of the General Education Board of $50,000, dated October 27, 1911, was accepted, and this Board decided to try to comply with the conditions within the time limit. And Dr. Charles R. Hemphill, temporary president of the Board, was authorized to appoint seven members of this Board as a committee to canvass for funds and endowment. Dr. Hemphill offered the following paper which was adopted: In undertaking this campaign for increased equipment and endowment, it is the hope of the Board to secure the means of carrying out its declared plan and policy of providing at once a Professor of Biblical Instruction and religious education in the College. The following offered by Dr. Hinitt was adopted: 97 �Resolved that the cordial thanks of the Board of Trustees be given to our honored colleague, Mr. John A. Cheek, for the handsome improvement to the College Athletic Field completed through the wish and bequest of his son Mr. Logan McKee Cheek, one of the younger and most esteemed alumni of Centre College, removed by what seems an untimely death; and that in his memory the field be named the Logan McKee Cheek Athletic Field. Resolved that the subscription of $3,500 of Mr. Louis H. Severance, of Cleveland, 0hio, to the endowment fund of the library of Central University be entered in the Treasurer's books in a separate entry as the Louis H. Severance Library Endowment, and that this fund, in accordance with the wishes of the donor, be permanently invested in good securities, stocks, bonds, or mortgages, the income of the fund to be used annually for the purchase of books for the Centre College Library under the direction of the President of the University, and the thanks of the Board are voted to Mr. Severance for this gift. Resolved that when $8,000 of the alumni subscription to the new gymnasium shall have been paid to the Treasurer of the College, the Building Committee shall be authorized to let a contract for the new gym building at a cost not to exceed $17,000, and the Treasurer is authorized to secure when needed the sum of $9,000 on the security of $12,000 of subscription notes for the new gymnasium and the interest on this loan be paid regularly from the principal subscription fund until the funds thus borrowed shall be paid in full. The Executive Committee shall determine when these conditions have been complied with so that the Building committee may proceed. Dr. Charles R. Hemphill as temporary president of the Board was authorized to appoint the following committee who are to make report to the June meeting of Board. Committee on Academy and College of Law ; Committee on Fraternity Houses to be located on campus. The question of tuition and other fees was referred to the Executive Committee. On motion, the Board adjourned to meet in Danville, Ky., Tuesday, June 11th 1912 at 9:30 a.m. John A. Cheek, Secretary Danville, Ky., June 11, 1912 Board of Trustees of Central University met in Breckinridge Hall. The roll was called and the following members were present. Charles R. Hemphill, W. F. Irwin, William L. Threlkeld, Lindsay H. Blanton, Edward W. C. Humphrey, Robert T. Quisenberry, Edward L. Warren, Charles C. Fox, Frederick W. Hinitt, John Barbour, George W. Welsh, and John A. Cheek. The meeting was opened with prayer by Dr. Barbour, and in absence of Dr. Rout, president of the Board, Dr. Charles R. Hemphill was elected President pro tem. Dr. Gelon H. Rout was elected president of the Board, and John A. Cheek Secretary and Treasurer. On motion, Dr. Edward L. Warren was elected assistant secretary for this meeting. The minutes of the last annual meeting on June 13, 1911, and meeting held on January 30, 1912, were read and approved as recorded. The minutes of the Executive Committee since last annual meeting were read for the information of the board. Dr. Charles R. Hemphill, president pro tem, announced the membership of the following committees heretofore appointed by the Board. Committee on raising endowment Dr. Irwin, John Stites, William L. Threlkeld, David M. Sweets, John Barbour, George W. Welsh, and A. J. Alexander. 98 �Committee on Fraternity Houses David M. Sweets, John Stites, and William L. Threlkeld. Committee on Academy & College of Law Edward W. C. Humphrey, Charles C. Fox, and John A. Cheek. Reasons for absence of Dr. A. J. Alexander, Hon. John W. Yerkes, Henry C. Read, James R. Barrett, John Stites, Dr. Charles T. Thompson, Dr. Gelon H. Rout and William C. Condit were presented and sustained. Mr. James R. Barrett and Dr. Charles T. Thomson presented their resignations as members of the Board. Dr. Harvey Glass and Dr. David M. Sweets appeared and were enrolled. The President of the University presented his annual report, and after its reception the Board took recess until 2:30 p.m. At 2:30 p.m. the Board resumed business. On recommendation of President and Faculty the following degrees were conferred: Degree of LL.D. Rev. Benjamin L. Hobson, D.D., of Chicago. Degree of Doctor of Divinity Rev. John Van Lear, Rev. Jesse R. Zeigler Degree of LL.B. Herman Levi Arterberry, Hugh Timothy Arterberry, William Goodloe Combs, Bourland Benjamin Fowler, Conrad Foster Kirk, William Henry Lewis, Dewitt Collins Lee, Robert Gibson Low, Gordon Oliver McGee, Abisha Frank Tabb, Garnett Walker Tolin, William Clarence Wood, Harry Graham Bright Bachelor of Arts Robert D. Andrews, William L. Caldwell, John L. Dorsey, Richard J. Dosker, Charles A. Herndon, John C. Irvine, William C. McClure, Charles H. Nichols, Edgar M. Pogue, Edward F. Prichard, James K. Ramsey, Arthur W. Timony, Henry A. Webster Bachelor of Science Edgar F. Bates Master of Arts Harvey E. Martin, Horace W. Reid, William B. Todd, Caldwell R. Walker On recommendation of the President, 1. 2. 3. The deed of gift of Louis H. Severance for $3,500 for the endowment of the library was approved, and the President of the Board authorized to sign same. The budget for 1912-13 was approved. The $8,000 insurance was paid on the Boyle Humphrey Gym be added to the building fund subscribed by alumni for the new gym, and that following and modifying the action of the Board at the January 99 �meeting when $8,000 of this fund shall have been paid in, the Building Committee shall be empowered to let contract for the new gymnasium with $22,500 as the limit of the cost of construction and completion of the building. In the amount shall not be included the use of any material that may be suitable from old building. The building shall be located on a new site near the Cheek Athletic Field, and the present site be reserved for another building. The local members of the Executive Committee not already on the Building Committee to be added to the Building Committee. Committee on Preparatory and Law Department recommended that Dr. Hinitt be authorized to employ Prof. Leslie C. Bosley as principal of the Academy for the coming year at a salary of $125 per month for 10 months and 12.5 percent of the tuition fees actually collected, which was adopted. And the question of the Law Department be referred to the Executive Committee. Mr. Charles C. Fox presented a deed conveying the interest of Central University to the Hardin Collegiate Institute to Mr. W. C. Montgomery, which deed was at the request of the committee of the Synod of Kentucky, U.S., and same was authorized to be executed by Dr. Gelon H. Rout as president of this Board. The Secretary read a communication from the Rev. W.S.P. Bryan, D.D., of Chicago relating to the University Record of May 1912. On motion, the Secretary was instructed to acknowledge the reception of the letter, and to say that in the opinion of the Board the communication calls for no action. On motion, the president pro tem was authorized to sign the diplomas. Dr. Sweets of the Committee on Fraternity Houses made a verbal report and asked for further time. Dr. Smith was asked to continue Y.M.C.A. works. Board took recess until 9:30 a.m. Board met at 9:30 a.m. Letter of Mr. L. H. Severance was read and placed on file. The deed of gift of Mr. Louis H. Severance is recorded in full on page 262. Board adjourned. John A. Cheek, Secretary July 11, 1912 Executive Committee of Central University met at Farmers National Bank. Present: George W. Welsh, Robert T. Quisenberry, Charles C. Fox, William L. Threlkeld, Charles R. Hemphill, Lindsay H. Blanton, Frederick W. Hinitt, and John A. Cheek. On motion, the Treasurer John A. Cheek is authorized to release lein on mortgage notes on the records when same are paid in full. George W. Welsh and John A. Cheek were appointed a committee with power to act in making an agreement with City of Danville about a sidewalk in front of the Academy on Walnut Street. On motion of Dr. Hemphill, the facilities of the wood shop be made available for students in the Academy under regulations to be prepared by the President of the University, and with competent supervision and instruction. The fee to be $5.00 for each semester, and student to be admitted only on payment of said fee. It is further ordered that Academy students are to have facilities in the new gymnasium, for which an extra fee to be hereafter fixed is to be charged. 100 �On motion of Charles C. Fox, an assistant in the Academy was employed at $900 for 10 months and compensation for an instructor in woodworking department was fixed at $100. On motion, the Treasurer was directed to transfer $2,500 on his books to the library fund, and charge same to the deficit account on his books. On motion, it is ordered that the income of the library fund be used in paying all expenses and salaries on account of operations of the present library of Centre College, and the balance to be used in paying general expenses. Committee adjourned until next morning at 10:30. Committee met at Breckinridge Hall. On motion, for financial and other reasons the Law College was suspended for the coming year. All present voted aye, and the vote of Mr. Threlkeld was aye received over the telephone. On motion, Dr. Hemphill and Dr. Hinitt were appointed a committee to investigate and report on the question of providing, for the coming college year, instruction in history, economics, and Bible. On motion of Dr. Hemphill, the President is authorized to give a limited number of young men who are otherwise unable to prosecute a college course room rent in Breckinridge Hall, for which the young men are to render service to the College under direction of the President. John A. Cheek, Secretary [No date shown] Executive Committee of Central University met at President's office. Present: George W. Welsh, Charles C. Fox, William L. Threlkeld, Robert T. Quisenberry, Frederick W. Hinitt, and John A. Cheek. The resignation of Dr. Thomas Lindsay Blayney as Professor of Modern Languages was presented, and on motion accepted. A committee consisting of Dr. Hinitt and Dr. Hemphill was appointed to recommend to this committee a plan for providing instruction in this department for the coming year. On motion, it was understood that rooms to accommodate the Y.M.C.A. and social features be included in the plans of the new year. November 20, 1912 Executive Committee of Central University met at Farmers National Bank. Present: Welsh, Blanton, Fox, Hinitt, and Cheek. On motion, Mr. Charles C. Fox was requested to visit Chicago and confer with Mr. H. J. Pert about the property in Chicago owned jointly with him. On motion, it was ordered that a deed of gift similar to one executed to Mr. Louis H. Severance at last annual meeting of the Board of Trustees be executed and delivered to John A. Cheek as payment of his note of $1,000 for the library fund. Danville, Ky., November 21, 1912 The Executive Committee of Central University met at Farmers National Bank. Present: G eorge W. Welsh, Lindsay H. Blanton, Charles C. Fox, Frederick W. Hinitt, and John A. Cheek. 101 �On motion the following action was taken: Whereas the Treasurer has collected subscriptions to the Alumni Memorial Library Fund amounting to $ [amount not shown] and other gifts amounting to $ [amount not shown] for endowment of the library have been secured and notes are in the hands of the Treasurer, Resolved that the Treasurer be instructed to invest the whole of this fund (not already invested ) in interestbearing bonds, and that the chairman of the Executive Committee and the Treasurer certify the amount and description of said bonds to Mr. Andrew Carnegie as held by Central University of K. as the endowment fund of the library of Centre College and as the compliance on the part of Central University of Kentucky with the conditions of his gift of $30,000 for a library building and necessary equipment for housing the library of Centre College. Whereas in the soliciting and securing of the above subscriptions certain traveling and other expenses amounting to $ [amount not shown] have been incurred and already paid by the Treasurer and charged to said fund on his books, and whereas there remains in his hands $ [amount not shown] uncollected subscription notes, resolved that the Treasurer be instructed to advance out of the General Fund in his hands the amount of $ [amount not shown] said expenses, which amount shall be a charge bearing 6% interest payable semi-annually against the subscription notes above named and also against the income of the Library fund until the whole of the amount $ [amount not shown] advanced is recovered with interest to the General Fund. Committee adjourned John A. Cheek, Secretary Danville, Ky., May 1, 1913 Executive Committee of Central University met at Farmers National Bank. Present: George W. Welsh, Charles C. Fox, Lindsay H. Blanton, Frederick W. Hinitt, and John A. Cheek. On motion, a contract of sale of the Hospital College property on Chestnut Street in Louisville to the Salvation Army Incorporated of New York, N.Y., for the sum of $10,000 represented by the unsecured note of said corporation payable with 6% interest from date was approved, and George W. Welsh, chairman of this committee, was authorized to sign the contract on behalf of Central University and John A. Cheek, Secretary, to attest same, and on motion Gelon H. Rout, president of the Board of Trustees, was authorized to sign the deed on behalf of the corporation and John A. Cheek, Secretary, to affix the corporate seal to same. John A. Cheek, Secretary Danville, Ky., May 27, 1913 Executive Committee of Central University met at Farmers National Bank. Present: Welsh, Fox, Quisenberry, Hinitt and Cheek. It appearing that $10,000 of the first mortgage bonds executed by Central University while located (at) Richmond, Ky., and while bonds were to have been paid off by the members of the faculty of the Hospital College under a contract with Central University, and Dr. H. H. Grant having produced his ledger showing the payment of said bonds as required by contract, and having made affidavit to same which was filed with the Louisville Trust Co., trustee of said mortgage bonds, and it appearing that said bonds were delivered to the Fidelity Trust Co., but said Trust Company had no record of such delivery, and it being necessary to have said mortgage released before the sale to the Salvation Army could be closed, it was ordered that an indemnifying bond be given to the Louisville Trust Co. against the production of said $10,000 first mortgage bonds for payment in future, and George W. Welsh, 102 �chairman of the Executive Committee, was authorized to sign said indemnifying bond on behalf of Central University. On motion, Charles C. Fox was requested to go to Texas and investigate the suit against squatters on Texas land. Danville, Ky., June 10, 1913 The Board of Trustees of Central University of Kentucky met in Breckinridge Hall at 10 o'clock a.m. Present: Welsh, Irwin, Sweets, Alexander, Humphrey, Barbour, Hinitt, Stites, Glass, Quisenberry, Warren, Hemphill, Hunter, Read, Threlkeld, and Cheek. Dr. Hemphill called to chair, and meeting was opened with prayer. Minutes of Trustees and Executive Committee read and approved. On motion, the Secretary was directed to record in the minutes of this meeting the deed of gift of Mr. Louis H. Severance: This indenture, made in duplicate, this 26th day of April in the year of our Lord, One thousand nine hundred and twelve, between Louis H. Severance of the City of New York, in the County of New York, in the State of New York, of the first part, and the Central University of Kentucky, of Danville, Kentucky, a corporation organized and existing under the laws of the State of Kentucky, of the second part. Witnesseth: That the party of the second part has been organized for the purpose of encouraging and promoting the founding, erecting, establishing, and maintaining of a university in the State of Kentucky for the education and instruction of youth in the liberal arts and sciences; and for and in consideration of the sum of one dollar of lawful money of the United States paid by the party of the second part at or before the ensealing and delivery of these presents, the receipt whereof is hereby acknowledged, and for divers other good causes and considerations him thereunto moving, he, the party of the first part, hath granted, bargained, sold, aliened, remised, released and confirmed, and by these presents doth grant, bargain, sell, alien, remise, release and confirm unto the said party of the second part, its successors and assigns forever, the sum of $3,500 for the Library Endowment Fund of said Central University of Kentucky. To have and to hold the said $3,500 hereinbefore mentioned and intended to be hereby granted and released unto the said party of the second part and its successors forever. Provided, nevertheless, and this present grant and release is upon the express conditions, That the said Central University of Kentucky, party of the second part, Shall maintain a college of higher education; Shall be actually approved as to the quality of its work by the Synod or Presbytery of the Presbyterian Church in the United States of America in which said college is situated; Shall at no time use the principal of the endowment funds of the College for any other purpose than that of investment, and shall not pledge or hypothecate same for any purpose whatever; Shall cause the Bible to be systematically taught to every regularly enrolled student attending such institution as a part of the regular curriculum required for graduation; one hundred and forty four (144) hours being the minimum time for required Bible study in the College course, or thirty-six (36) hours at least in each year thereof, the faculty of the party of the second part to be at liberty, however, to arrange the said thirty-six hours according to their best judgment; 103 �Shall at all times after the execution of this deed of gift engage and retain upon its teaching staff, only professors for whose positive Christian influence the President of the party of the second part can vouch; Shall report its work annually to the College Board of the Presbyterian Church in the United States of America, on the Board's official forms supplied to the college for that purpose; and that upon failure to comply with any or all of the foregoing conditions, this present grant and release shall cease, determine and be utterly void and of none effect to all intents and purposes as if the same had never been made, anything herein contained to the contrary notwithstanding; and the said $3,500 shall forthwith revert and become payable to and be paid by the party of the second part to The College Board of the Presbyterian Church in the United States of America, a corporation organized and existing under the laws of the State of Illinois, known as the College Board, whereupon the said $3500 shall become and be a part of a fund to be known as the "Louis H. Severance Permanent Endowment Fund" of the said The College Board, the interest only of which is to be used by the said The College Board, and to be by it expended in granting only endowment aid to colleges and educational institutions which to it shall seem worthy to receive such aid. In witness whereof, the party hereto of the first part hath hereunto set his hand and seal this 26th day of April 1912, and the party of the second party hath caused these presents to be executed by its President, and its corporate seal to be affixed hereto by its Secretary this 11th day of June, in the year of our Lord, One thousand nine hundred and twelve. Signed, Sealed and Delivered In the presence of H.C. Seaxbury Attest: John A. Cheek Secretary Louis H. Severance Central University of Kentucky by Gelon H. Rout, President President Frederick W. Hinitt made his annual report, pending its completion the Board took recess until 2:30 o'clock p.m. The Board resumed business at 2:30 o'clock p.m. The members of the two committees to nominate Trustees for existing vacancies, being committees appointed under Chapter XV of the Bylaws, reported as follows: O. M. Billitigs in the place of William C. Condit in the class expiring 1914; Hon. Robert P. Ernst in place of John A. Simpson in class expiring 1915; Rev. John Barbour and Mr. George W. Welsh to succeed themselves; W. Francis Irwin, Mr. William L. Threlkeld, and Rev. Edward L. Warren of the class which expired 1912 to succeed themselves in the class expiring 1916; and Edward W. C. Humphrey, Robert T. Quisenberry and John A. Cheek of the class expiring 1913 to succeed themselves in the class expiring 1917. In the class which expires in 1913 Rev. Harvey Glass to succeed himself, Mr. H. B. Fleece to succeed Rev. Lindsay H. Blanton, Rev. Rutherford E. Douglass to succeed Rev. Gelon H. Rout, D.D. In class which expired in 1912 Rev. Charles R. Hemphill and John Stites to succeed themselves, and Rev. J. S. Lyons, D.D. to succeed Rev. Charles T. Thomson, D.D. In the class expiring 1915 A. J. A. Alexander, Henry C. Read, and Rev. John G. Hunter to succeed themselves. In the class expiring 1914 Rev. David M. Sweets and Charles C. Fox to succeed themselves, and Mr. Henry Barrett to succeed Mr. James R. Barrett, his father. On motion, the clerk was instructed to cast the ballot which was done and reported by him and each of the foregoing were declared elected Trustees of Central University of Ky. for terms indicated. On motion, the clerk was instructed to cast the ballot for each of the following officers who were declared elected, viz. Dr. A. J. A. Alexander, president of the Board and John A. Cheek, Secretary and Treasurer for the term of two years. On motion, the president appointed the following nominating committee, viz. John Stites and John A. Cheek to nominate committees of the Board for two years as provided in the Bylaws. After retiring the committee made 104 �the following recommendation which was adopted: Executive Committee George W. Welsh, David M. Sweets, Charles R. Hemphill, William L. Threlkeld, A. J. A. Alexander, Charles C. Fox, Robert T. Quisenberry, and John A. Cheek. Committee on Curriculum Dr. Charles R. Hemphill, Dr. John Barbour, Dr. E. L. Warren, and Henry C. Read. Finance Committee Edward W. C. Humphrey, Charles C. Fox, Robert T. Quisenberry, George W. Welsh, John Stites, and John A. Cheek. Morals & Discipline W. Francis Irwin, O. M. Billings, and R. E. Douglass Buildings and Grounds Robert T. Quisenberry, Charles C. Fox, George W. Welsh, and H. B. Fleece. Board resumed consideration of President's report and adopted the following recommendations: 1. 2. 3. That the action of Executive Committee in the suspension of the Law Department be approved. That the arrangements for the Academy for the coming year be referred to the Executive Committee. That the following Budget for year 1913-14 be approved Income for 1913-14 estimated Interest and dividends Workman Fund Interest on subscription notes Tuition and fees in Centre College Breck Hall rents Diploma fees Rents from real estate Subscriptions to be secured by President Hinitt $20,000 330 150 4,500 1,000 150 3,700 2,500 Estimated Receipts $33,030 Expenditures proposed for 1913-14 Salaries President, professors, secretary, and treasurer Janitors Fellows and assistants Director, athletics Librarian Department of Physics Department of Chemistry Department of Biology Department of Psychology Library $20,200 1,100 600 1,000 450 $23,350 $200 250 150 100 100 800 75 Cento and Y.M.C.A. handbook 105 �Catalogue and printing Postage freight and express Advertising Telephone and telegraph General Repairs Light, water, fuel, and taxes Traveling expenses, President Traveling expenses, Field Work Salaries, Field Work President’s office Fire Insurance Commencement, Board of Trustees, and sundry 500 125 225 75 1,500 1,500 500 400 425 75 500 350 Estimated Expenditures $30,400 Mr. Robert T. Quisenberry voted no on adoption of budget. 4. That Dr. Claussen and Dr. Flippin be continued in their respective departments for this year, and that Dr. Flippin's salary be fixed at $1,600 for the year. 5. That employment of assistance for field work and canvass for the summer be left to the discretion of the President. 6. That the proposal of Mr. Samuel Lyons to give $3,000 to the Gym Building fund, in lieu of the obligation of H. and L. Lyons for $5,000 to be used in changing the old Library Building into a Biological department on certain conditions be accepted, and the Treasurer was authorized to surrender the H. and L. Lyons contract on the execution of the new obligation by Sam Lyons. Answering the Alumni Association's request that they be allowed representation on the Board of Trustees, the following action was taken: The Board of Trustees has given consideration to the suggestion of alumni election on nomination of Trustees, and feels that the question is one involving legal and other questions that should be carefully considered and therefore refers to whole matter to a special committee consisting of Dr. Hemphill, Sweets, and Humphrey, to report to next meeting of the Board. On recommendation of Faculty the following degrees were conferred: Bachelor of Arts Lucius Lehman Clark S. Frank Cox Cromwell A. Dyer Arthur Rogers Ginn William B. Guerrant George D. Hopper Harry N. Raworth George Welsh Rue Robert Stewart Tate Columbia, Tennessee Trenton, Ky. Corsicana, Texas Ashland, Ky. Danville, Ky. Stanford, Ky. Vicksburg, Mississippi Danville, Ky. Danville, Ky. Bachelor of Science Philip Pidgeon Memphis, Tennessee 106 �Master of Arts Gifford D. Collins Sheffield, Alabama Course Honors C. Lee Clark Louisville, Ky. Doctor of Divinity Rev. Horace C. Wilson Rev. J. L. Clark, President, Ky. Wesleyan College Doctor of Laws President W. J. Martin President John C. Acheson Lansing, Michigan Davidson College Kentucky. College for Women Plan of conferring degrees was referred to the Executive committee. Board took recess until 8 p.m. Board met at 8 p.m. On motion, Thomas T. Prichard was allowed to complete his work, and if completed his diploma will be granted next year. On motion, the Executive Committee was instructed to meet with the committee of the Synod of Ky., U.S. when they visit Danville. Board adjourned. John A. Cheek, Secretary Danville, Ky., June 10, 1914 - Board of Trustees of Central University of Ky. met in the library building at 10 o'clock a.m. In the absence of the president of the Board, George W. Welsh was on motion elected temporary chairman. The meeting was called to order and opened with prayer by Dr. J. S. Lyons. Members present were Charles C. Fox, Esq.; Hon. John W. Yerkes; Rev. Frederick W. Hinitt; Rev. David M. Sweets; Rev. John Barbour; George W. Welsh, Esq.; Rev. J. S. Lyons; Rev. Edward L. Warren; Edward W. C. Humphrey, Esq.; Rev. R. E. Douglas; Robert T. Quisenberry, and John A. Cheek, Esq. On motion, Rev. Edward L. Warren was elected assistant secretary. Minutes of last meeting were read, and on motion approved as recorded. Minutes of Executive Committee were read and approved. On motion, the Executive Committee was instructed to notify the committees of the Synods of Kentucky with a view to conference touching matters referred to them. On motion, the Treasurer's report was made the order of the day for 3 o'clock p.m. Dr. A. J. A. Alexander appeared, was enrolled and took his place as president of the Board. Reasons of absence of the following trustees from this meeting were sustained, viz. Billings, Barret, Stites, Threlkeld, and Irwin. Dr. Charles R. Hemphill and Hon. Richard P. Ernst appeared and were enrolled. All members present took the oath required by charter. President Hinitt presented his annual report. In connection with the hearing of the President's report, Mr. P. C. Dix was invited to appear before the Board and give information with reference to Y.M.C.A. work in College. 107 �Recess was taken to 3 o'clock p.m. On resuming business at 3 o'clock p.m. the order of the day was postponed to hear the balance of the President's report. A communication from the Alumni Association was referred to committee of which Dr. Charles R. Hemphill is chairman. The report of the President being completed, was on motion received and placed on the docket. The report of the Treasurer was taken up, considered, and action deferred until recommendatoins of President were acted on. Paper offered by Charles C. Fox confirming land in Texas sold to M. L. Anderson and Morgan Williams was on motion adopted. Bond of John A. Cheek as Treasurer with Samuel R. Cheek and Francis J. Cheek as sureties was approved. President's report was taken up and recommendations adopted as follows: 1. That the Board appoint a special committee of three to consider the financial problem of the institution in all its phases, to consider the detail of a plan for a centennial endowment campaign, and report the whole matter to the Board. 2. That the equipment of the gymnasium [Boyle-Humphrey Alumni Gymnasium] and college union be referred to the Executive Committee, and the committee be authorized to make expenditures to the amount of the subscriptions secured for that purpose. 3. That special committee of the Board consisting of members of the Synod U.S. be appointed to represent the University in matter of the Workman Fund. 4. Arrangements for next year for Academy be referred to Prof. L. C. Bosley and the President, their arrangements to be reported to the Executive Committee. As recommended by the Faculty the following degrees were conferred: Bachelor of Arts Charles B. Arnold, Francis J. Cheek, Willis G. Craig, Rudolph D. Gilcher, Joseph Hopper, Robert B. McDowell, Henry M. McClaskey, James T. Norris, William L. Newman, Roy Pepper, Thomas H. Rogers, John L. Salmon, Simeon K. Swope, Alexander M. Todd, George T. Turner, Richard V. Wood Bachelor of Science Sidney S. Ardery, Josiah E. Lee, George L. Ramsey Master of Arts Samuel F. Cox, William B. Guerrant, Ernest C. Miller Doctor of Laws Rev. Maitland Alexander, D.D. Doctor of Divinity Prof. William Halloch Johnson, Ph.D. Rev. Hugh Leith Lincoln University, Pennsylvania Covington, Ky. 108 �Rev. Henry C. Garrison Danville, Ky. On motion, the Treasurer was authorized to borrow amounts from time to time not exceeding $9,000 at rate of 6 percent per annum payable semiannually, for purpose of finishing paying for construction of new gymnasium, giving as security the subscription notes given for erection of the gymnasium, also the fire insurance policies on the gymnasium, and with authority to renew same from time to time. As fast as these subscription notes are collected the Treasurer is instructed to pay same on the notes hereby authorized. Dr. Alexander and Mr. Quisenberry were excused from further attendance on the meeting. Dr. Hemphill was chosen temporary chairman. Recess was taken until 8 o'clock p.m., meeting to be held in Second Presbyterian Church. Board net at 8 o'clock p.m. with Dr. Hemphill in the chair, and resumed consideration of the President's report. 5. That the Board reply to the proposal of the College Board giving thanks for the offer to cooperate in a campaign for endowment of the Bible chair, requesting that this institution be put on list for fall 1915. 6. That in view of the completion of the new buildings and increased cost of maintenance, the contingent fee be increased from $16 to $25 per session. 7. That the budget of expenditures suggested by the President be adopted. 8. That the Executive Committee be directed to hold monthly meetings, and that all expenditures in excess of $100 be first authorized by the Executive Committee, and all bills be approved for payment before they are paid by the Treasurer; that all endowment funds be kept separate and reinvested as endowment; and that the Executive Committee be authorized to borrow as much as $2,000 from time to time to pay current expenses. 9. That Prof. Henry Meier be employed as professor of modern languages for next session at salary of $1,700 per year. 10. Letter of Dr. E. O. Guerrant was referred to Executive Committee. 11. That the Fall opening 1914 be changed to third Wednesday in September, and that the Faculty be permitted to arrange next commencement season with Commencement day on Wednesday, 12. That a special committee of the Board be appointed to prepare suitable memorial to the memory of Rev. Gelon H. Rout, D.D., former president of Board of Trustees and an honored alumnus of Centre College. 13. That a special committee of three be appointed to revise the bylaws, incorporating the changes that have been made, and to suggest an order of business for the meeting of the Board. On motion, the following report offered by Dr. Hemphill, chairman of the committee, was adopted: Resolved 1st, The Board of Trustees expresses the desire to comply with the request of the Alumni Association for representation in the membership of the Board; 2nd, In view of the difficulties growing out of the present charter and bylaw provisions, the committee is continued with instruction to report to the next meeting of the Board. John A. Cheek, Secretary 109 �Danville, Ky., September 5, 1914 Executive Committee of Central University of Ky. met at Library building. Present: Welsh, Quisenberry, Fox, Threlkeld, Cheek, and Hinitt. On motion, bills presented by Treasurer were approved and ordered paid. Letter from Mr. Val P. Collins was considered. By unanimous vote his claim was refused and Treasurer directed to return his subscription notes to him. John A. Cheek, Secretary September 8, 1914 Executive Committee of Central University met at library. Present: Welsh, Fox, Threlkeld, Quisenberry, Cheek, Hinitt. Mr. J. L. Crenshaw, an alumnus of Centre College, was elected Professor of Chemistry at salary of $1,700 for one year. Order of materials for Chemistry Department from Waldenberg and Schaar was approved. Dr. Hinitt and Mr. Cheek were appointed a committee to see Mrs. Dunn about board of students and terms of her lease of dwelling on campus. John A. Cheek, Secretary Louisville, Ky., October 22, 1914 - Board of Central University of Kentucky held a called meeting at Seelbach Hotel. Present: O. M. Billings, Charles C. Fox, Frederick W. Hinitt, David M. Sweets, John Barbour, Richard P. Ernst, George W. Welsh, Charles R. Hemphill, W. Francis Irwin, J. S. Lyons, E. L. Warren, H. B. Fleece, Edward W. C. Humphrey, Robert T. Quisenberry, John A. Cheek, John Stites, William L. Threlkeld, A. J. A. Alexander. Mr. O. M. Billings and H. B. Fleece were sworn in as required by charter. Dr. Frederick W. Hinitt presented his resignation as President and as a member of the Board to take effect January 1, 1915. On motion of George W. Welsh, the resignations were accepted. Committee consisting of George W. Welsh, J. S. Lyons, and Richard P. Ernst were appointed to prepare suitable resolutions. On motion, the following resolution was adopted: That a committee of six be appointed to consider and recommend to the Board such name or names of men who may be suitable to fill the vacancy in the presidency of this institution. Board appointed Dr. Alexander, chairman, Dr. Irwin, Dr. Hemphill, Dr. Lyons, Mr. Ernst, Mr. Welsh. Mr. Charles C. Fox gave notice of an amendment to the Article 3 of Chapter I of bylaws. John A. Cheek, Secretary Danville, Ky., November 4, 1914 Executive Committee of Central University met at library. Present: Welsh, Sweets, Alexander, Fox, Threlkeld, and Cheek. 110 �Bills presented by Treasurer and approved for payment. Treasurer was ordered to pay salary of Dr. Flippin at rate of $1,900 per annum. C. A. Nash of University of Cincinnati was employed for present college year as instructor in chemistry at salary of $1,600 per annum. John A. Cheek, Secretary Danville, Ky., November 27, 1914 Executive Committee of Central University met in library building. Present: Welsh, Fox, Threlkeld, Quisenberry , and Cheek. On motion, Dr. Hinitt was authorized to solicit $15,000 to be used in rebuilding the gymnasium, making subscriptions binding when $10,000 in solvent subscriptions are secured. [on November 23, 1914, a fire completely gutted the new Boyle-Humphrey Alumni Gymnasium, along with the attached vacant Sayre Library] On motion, the Building and Grounds Committee, with John A. Cheek added to committee, were authorized to protect the walls of the gym, and to employ M. S. Pierce to do the work. Bills presented by Treasurer were approved for payment. John A. Cheek, Secretary Danville, January 5, 1915 Executive Committee of Central University met at library. Present: Welsh, Alexander, Sweets, Fox, Quisenberry, and Cheek. Mrs. Mary A. Powers was employed as stenographer and assistant in president’s office at salary of $40 per month beginning at date of resignation of Miss Hinitt. On motion of Mr. Fox the following action was taken: that the Dean of the Faculty shall discharge all the duties devolving on the President of the Institution until such time as the Board of Trustees may act in this matter, and that said Dean shall associate Prof. Charles Crooks with him in the discharge of all said duties. John A. Cheek, Secretary Danville, Ky., February 3, 1915 Executive Committee of Central University met at Library. Present: Alexander, Sweets, Fox, Quisenberry, and Cheek. Mr. Welsh being absent, Dr. Alexander was elected chairman of committee pro tem. On motion, not exceeding $50 was granted to College Y.M.C.A. to be expended under the advice and approval of Dr. Crooks. The use of the main library room was granted to the local alumni association for giving their annual banquet. Request of the librarian, Dr. John C. Fales, to be allowed to expend $44.50 in purchases of cards he needed, was granted. 111 �Question of assistants to Prof. Clarence Nash in Chemistry Department was referred to Dr. Redd and Dr. Crooks. Statement for new catalogue about scholarships was left to Dr. Charles Crooks and John Redd. Fees for coming year in chemistry was fixed at $7.50 and for breakage at $2.50. Dr. W. Francis Irwin, Mr. John Stites, Dr. H. H. Sweets, and Dr. Edward L. Warren were requested to assist in raising money to be used in rebuilding the gym. The following action was taken: the Executive Committee having found none of the reference books on the shelves of the reading room, and it being the unanimous judgment of this committee that these books should be in easy reach of the student body, requests that all reference books be placed on the shelves of the reading room. The Secretary is directed to hand to the librarian a copy of this action. John A. Cheek, Secretary Louisville, Ky., April 15, 1915 Board of Trustees of Central University of Ky. met on call of President of the Board at the Theological Seminary Building. Present: John Barbour, H. C. Read, A. J. A. Alexander, Richard P. Ernst, George W. Welsh, W. Francis Irwin, J. S. Lyons, William L. Threlkeld, E. L. Warren, H. B. Fleece, Edward W. C. Humphrey, John A. Cheek, O. M. Billings, and David M. Sweets. Reasons for absence from Dr. Hemphill, Dr. Glass, and Dr. Douglas were presented and sustained. The resignation of Mr. Barret was presented and accepted. The matter of scholarships was referred to the Executive Committee, and to the same committee the employment of an athletic coach. Rev. Hugh Leith, D.D., was elected a trustee in place of Dr. Frederick W. Hinitt, resigned, and O. M. Billings, Charles C. Fox, John W. Yerkes, and David M. Sweets, whose terms expired in 1914, were re-elected for four years expiring in 1918. Special committee to report suitable name for president presented the name of Rev. William A. Ganfield, D.D., of Waukesha, Wisconsin. On motion of Fleece, second by Warren, the report of special committee was received. It was ordered that the committee be retained, and that no vote be taken within ten days from this date. Board adjourned to meet May 5th 1915, in Louisville, Ky. at Theological Seminary Building. Louisville, Ky., May 5, 1915 Board of Central University of Kentucky met pursuant to adjournment in Louisville, Ky. Present: John Barbour, A. J. A. Alexander, J. G. Hunter, Richard P. Ernst, George W. Welsh, Charles R. Hemphill, John Stites, W. Francis Irwin, J. S. Lyons, William L. Threlkeld, E. L. Warren, H. B. Fleece, Edward W. C. Humphrey, R. E. Douglas, John A. Cheek, Charles C. Fox, David M. Sweets, Hugh Leith. Charles C. Fox, David M. Sweets, and Dr. Hugh Leith were sworn in as required by the Charter. On motion, the Treasurer was instructed to pay M. C. Knapp $1,400 in full for his services for current year ending July 1, 1915. The following resolution was adopted: that the salary of the President be and is now fixed at $3,000 per year payable as other salaries, and in addition he will have the President's House and garden and lot adjoining same, and also the services of a secretary, and all traveling expenses where traveling for the College. 112 �On motion, a ballot vote was taken on name of William Arthur Ganfield for President of the University. He was declared elected and his election was made unanimous. The present committee was instructed to notify Dr. Ganfield, stating salary and terms. John A. Cheek, Secretary Danville, Ky., June 9, 1915 - Board of Trustees of Central University of Ky. met in the Library on campus at Danville, Ky. on Wednesday, June 9th 1915 at 9:30 A.M. Present: John Barbour, A. J. A. Alexander, J. G. Hunter, George W. Welsh, W. Francis Irwin, William. L. Threlkeld, H. B. Fleece, Edward W. C. Humphrey, R. E. Douglas, Charles C. Fox, J. W. Yerkes, David M. Sweets, Robert T. Quisenberry, Charles R. Hemphill, Hugh Leith, and John A. Cheek. Rev. William A. Ganfield, D.D., newly elected President of the University, was present by invitation of the Board. After prayer by Dr. Ganfield, the minutes of the last annual meeting of the Board and of three called meetings, October 22, 1914, April 15, 1915, and May 5th 1915, were read and approved. The minutes of the Executive Committee held since the annual meeting of the Board in June 1914 were read and approved. The special committee appointed to notify Dr. William A. Ganfield of his election to the presidency of Central University reported through Dr. A. J. A. Alexander, its chairman, that Dr. Ganfield had accepted, assuming the duties of the office from June 1, 1915. Dr. Ganfield addressed the Board, expressing his pleasure in taking up the work, asking the heartiest sympathy and support of the members of the Board, and making suggestions as to the plans of work for the future. On motion, the Executive Committee was empowered to act in matter of compensating Prof. John Redd and Prof. Charles Crooks for services rendered during the vacancy in the presidency. A committee of the Alumni Association consisting of Emmet O'Neal, Nelson D. Rodes, and W. S. Glore appeared and presented a plan for recommendations by the association for filling vacancies on the Board. On motion, the chair was directed to appoint a committee to nominate officers and standing committees of the Board as provided in the bylaws. The Board declared its approval of the general proposition of alumni representatives, and the previously appointed to confer with the Alumni Association was continued, with addition of Hon. John W. Yerkes. On recommendation of the Faculty of Centre College degrees were conferred as follows: (Names not shown in minutes) Degree of LL.D. was conferred on Prof. Almond E. Spencer of Clinton, South Carolina. On motion, the Treasurer was directed to deposit 104 shares of the capital stock of the Louisville Bridge Co. with the committee consisting of John W. Barr, Jr., John Stites, and others, with authority given them to sell and dispose of same; and John A. Cheek, Treasurer of Central University of Ky., was authorized to assign and transfer the certificates representing the above mentioned shares of Louisville Bridge stocks, and to sign the corporate name of the University and affix the seal in making sale and transfer. On motion of Mr. Threlkeld, the resolution fixing the salary of the President of the University at $3,000 was reconsidered. It was then ordered that the salary of the President be fixed at $3,500 per year. On motion, the committee on Buildings and Grounds was authorized to make necessary repairs on the President's house after conference with Dr. Ganfield. 113 �The report of Dr. Redd and Dr. Crooks, who by order of the Board, have discharged the duties connected with the President's office was presented and approved. The report of Prof. Bosley on the Academy was presented and approved. The following presented by Mr. Charles C. Fox was adopted: Resolved that hereafter the Treasurer of the College shall not collect fees for the Athletic Association, and that the statement hereafter published in the catalogue shall conform with this resolution. On motion, the relations of the College to the Athletic Association was referred to the Executive Committee. Report of librarian Dr. John C. Fales was received and filed. Report of Dr. Redd and Dr. Crooks on the subject of scholarships was referred to the Executive Committee. On motion of Mr. Cheek, all students occupying rooms in Breckinridge Hall are required to pay for same in cash, and any compensation due to such students from the College will be paid by treasurer's check. President Ganfield was empowered to employ help of students for canvassing this summer. On motion, the chairman appointed Messrs. Threlkeld, Cheek & Fleece a committee to prepare an order of business for the Board. A communication of a special committee of the Synod of Ky. U.S. was received and referred to the Executive Committee. A plan proposed by Dr. Ganfield for securing a "sustaining fund" to avoid deficits was referred to the Executive Committee. Report of the nominating committee recommended that all officers and standing committees of Board be continued for two years as provided in the Bylaws, was adopted. The following trustees, whose term expires in 1915, were re-elected for four years, viz., John Barbour, H. C. Read, A. J. A. Alexander, J.G. Hunter, Richard P. Ernst, and George W. Welsh. Board adjourned to meet at 9 o'clock a.m. June 10, 1915. Trustees met pursuant to adjournment, and in absence of president, Dr. Charles R. Hemphill was called to the chair. Special committee to prepare an order of business made following report, which was adopted. Order of Business of Board of Trustees Invocation Calling of Roll Reading of Minutes of Board Reading of communications Reading of Minutes of the Executive Committee and of other committees Treasurer's statement Discussion President's annual report and recommendations Discussion Reports of standing committees Reports of special committees 114 �Election of Trustees Appointment of regular and special committees Unfinished Business New Business Dr. W. Francis Irwin was appointed to represent this Board at the inauguration of Dr. Frederick W. Hinitt as President of Washington & Jefferson College. Dr. Charles R. Hemphill, acting as President of this Board, was authorized to sign diplomas. Method of conferring honorary degrees was referred to Executive Committee. Dr. Hemphill was appointed to prepare memorials of Drs. Lindsay H. Blanton and Gelon Rout. Board adjourned to meet on call of chairman. Louisville, Ky., Feb. 2, 1916 Board of Trustees of Central University of Ky. met on call of chairman of Board at Theological Seminary building. Present: Alexander, Welsh, Hemphill, Stites, Lyons, Threlkeld, Warren, Fleece, Leith, Humphrey, Fox, Sweets, and Cheek. Plan presented by Dr. Ganfield for an office secretary and librarian was approved. Finance and Executive Committee were requested to prepare some plan for finances, and report to June meeting of Board. The committee on alumni representation made following report which was adopted. [The report, titled “Plan for Alumni Recommendation to Board of Trustees of Centre College” can be found at http://www.centre.edu/web/library/sc/minutes/bt_1916a.pdf] [This ends Volume 5 of the Board of Trustees minutes. The minutes of the remaining meetings of 1916 are found in Volume 6] 115 � https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/7f386c9e480c9ef688c1f7751ae12e9c.pdf?Expires=1776902400&Signature=p2XBzG8HZJzwSwwNzg-O4LxpR9dr54MMumnmalkiK2uklNwFiul4OzlbrJnLo7vhY6bM3n8VPU2nh%7EgDKiY%7ErgqE8jxCp2qx-9MhRF2Fgo8XMfLVJdjZ93lrLF5LSMlKo1wIePF%7EZx7RfD33xwgYNA0MKbCijH4RZYZOIsKj6OVNz6VvCyR%7EY3lm-oDXQgrI%7Epi9ROibOPr6FwLyzr9oClmrpKJ3Hqu3j1ZProXy3FiYZw9arRXQbF6lOvJ6iGzP9eCwtD2M32a3phY8Z6vnMZ4z8Emq1F%7EvACs9FSc9fqzJYZ6W3NYHXnZFeCbSq10PrIJI9nLBpGTvXEev-zFOsA__&Key-Pair-Id=K6UGZS9ZTDSZM 630d0be694d0b76318ffc652b066a40d PDF Text Text ������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������ Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees Description An account of the resource Minutes from the Centre College Board of Trustees. The Centre College Board of Trustees collection was compiled from a mass of papers found in various campus locations in the early 1980's. Since no clearly defined subdivisions existed, the material was simply divided by type of document, assigned a series letter, and then arranged chronologically. Series A, approximately half of the collection, consists of correspondence to, or from, members of the Board and the secretary and financial agent/treasurer, who served as agents of the college's governing body. A significant percentage of the collection deals with fund raising efforts by Centre, and efforts by the financial agents to collect on subscriptions made to the college. Other prominent subjects include: The Kentucky School for the Deaf (then known as the Deaf and Dumb Asylum); efforts to select presidents; faculty relations; consolidation (and aftermath) of Centre and Central University (Richmond, Ky.); consolidation of Centre and Kentucky College for Women; Carnegie foundation grants; and erection of college buildings, particularly Old Main, the "new" Boyle Humphrey Gymnasium (Sutcliffe Hall) and the old octagonal Sayre Library. This collection of correspondence is largely a "patchwork" collection and by no means covers all the vital issues tackled by the board since its inception. The correspondence, for example, from the 1820's to the 1850's is quite diverse, while the correspondence from the 1860's deals almost exclusively with efforts by the financial agent to collect on delinquent subscriptions. A central figure in much of the later correspondence is John Adison Cheek who served as treasurer of Centre from approximately 1889 to 1933. Series B consists of perhaps the most important chronicle of Centre's history - the volumes containing the minutes of the Centre College Board of Trustees, 1819-1853, 1863-present. Minutes from 1819 through 1979 have been digitized, and are available from the Centre College Digital Archives. Interesting circumstances surround volume 2 of the minutes. The volume had been missing for at least forty years when it was discovered by Dr. Miller Hillhouse in a shed between his Danville house on North Fourth Street and the home of Miss Mary Ashby Cheek on North Third Street. The minutes were believed to have been placed in the shed along with other old books and papers in the mid-1930's after the death of Miss Cheek's father, J. A. Cheek. The fate of the volume containing the minutes from 1853-1863 (one of the most interesting decades in Centre's history) remains a mystery. Series C contains miscellaneous reports written by the Board, or committees of the Board, while Series D contains miscellaneous papers concerning the Board, including certificates or pledges for members taking the oath of office and texts of speeches and essays by members of the board. Annual Reports to the Board may be located in CC-2 Centre College Presidents. Public access to Board minutes may be granted for those minutes for which the President is no longer living, or 25 years past the date of the minutes, whichever is longer. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1819-1979 Rights Information about rights held in and over the resource All Rights Reserved Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books Text A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Physical Location Where item is located in collections. Centre College Special Collections and Archives CC-1 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context CC_001B_Board_of_Trustees_Minutes_Book_05 Title A name given to the resource Centre College Board of Trustees Minutes, Vol. 5 (1901-1916) Creator An entity primarily responsible for making the resource Centre College Board of Trustees Date A point or period of time associated with an event in the lifecycle of the resource 1901-1916 Description An account of the resource The official recorded minutes of the Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Danville (Ky.) 37.64569, -84.7836946 Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource minute books Language A language of the resource English Rights Information about rights held in and over the resource All Rights Reserved Subject The topic of the resource Central University of Kentucky (Danville, Ky.)--Board of Trustees Central University of Kentucky (Danville, Ky.)--Minutes (Records) https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/0938c7b000cb136e65f0087a4e5be73e.pdf?Expires=1776902400&Signature=gkYuIISd4sUxvgpbE43NsxwnVL3u0oi7-2dfHqaKPOv9QqgI6h%7EqV0XBGKvt%7Ep4d53KYyLtnJWfD40Jd2Ol2XZkIp-nsN0ywQMFnPrG-tn3y5%7E9bCxT0nV1N4NAk2wx%7EozRlOLxLfMythFMj2CsW3O4e6U-uvFyaCVHc-IBZpCRSTAV5YQy3glrjJ4rX6an6My-Bvp9MxEk%7EJOQba6rmvfE9pUQosrL3otfwyraes33TEKTWI4G3aIpCH42Z4-mZk9R6GMLN6yWoAFTQkCfIVbqlMOFdJjBbOrRRi1totodSbtHHgKcarEp-ftNj0OVMQYsQEsPzqvRFtXoi0rW-Qg__&Key-Pair-Id=K6UGZS9ZTDSZM 5df615d0360c4939465a3539ca8b4e0d PDF Text Text Centre College BOARD OF TRUSTEES MINUTES VOLUME 4 1876-1901 Centre College Archives CC-1 Centre College Records �Louisville, Ky. October 20, 1876, 7:30 p.m. Board of Trustees of Centre College met, pursuant to the call of the Chairman, in the Lecture room of the Chestnut Street Presbyterian Church, and was opened with prayer by the Chairman. Members Present: Rev. Edward P. Humphrey, D.D. (Chairman), George W. Welsh, James Barbour, William Ernst, Rev. John M. Worrall, D.D., Rev. Thomas H. Cleland, D.D., William H. Kinnaird, Levi L. Warren, Hon. Tyler T. Alexander, John W. Scott, M.D., Rev. Heman H. Allen, Rev. Albert B. Simpson, D.D., Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, John B. Temple The Class of Trustees whose term of service expired in 1876 were re-appointed by the Synod viz. Rev. Edward P. Humphrey, D.D., Rev. John S. Hays, D.D., George W. Welsh, James Barbour, William Ernst, Thomas Barbee. To as many of this class as were present and to others who had not been qualified since their last election, the usual oath of office was administered. Dr. Edward P. Humphrey was elected Chairman. On motion a ballot was taken to confirm the election of Dr. Alfred B. Nelson to the Chair of Mathematics; and by the unanimous vote of the members present - 15 in all - the previous action of the Board was ratified and Dr. Nelson was declared to be elected to the Chair of Mathematics, with a salary and duties as previously assigned. In like manner and by the same vote the election of Prof. Hitchcock was confirmed; and the secretary was directed to notify these gentlemen of their election, and to have the usual oath of office administered to them. On motion the claim of Prof. Randolph for a full year's salary was allowed viz. to the 10th day of September 1876. Messrs George W. Welsh and Ormond Beatty reported that they had effected a sale of about 134 acres of land part of the Williams tract - in Lincoln County for the sum of $700. Their action was approved and they were authorized to sign a title bond, and to take such other steps as may be necessary to complete the sale. The Chairman of the Board (Dr. Humphrey), Dr. John W. Scott and Ormond Beatty were appointed a committee to draw up and present, in behalf of Centre College, a formal application for a share in the estate of the late John C. Green, left for distribution among charitable objects; and to employ such means to secure an interest in the property as in their judgment might seem best. Resolved that if the committee on the Fry property, after a further consideration of the whole matter, deem it expedient that the Board should purchase the whole or any part of said Fry property, then the Board of Trustees do hereby recommend and authorize them to make the purchase; and to include in the purchase of the additional ground if thought best, an exchange in part therefore a portion of the Chenault property or of the old College grounds lying west of the old building. Messrs W. H. Kinnaird and S. Yerkes were added to the Committee which now consists of Ormond Beatty, George W. Welsh, G. E. Wiseman, William H. Kinnaird, and Stephen Yerkes. Upon the adoption of this resolution the ayes and noes were called. The ayes were Barbour, Cleland, Scott, Allen, Yerkes, Hendricks, Temple - 7; noes Humphrey, Ernst, Kinnaird, Warren, Alexander - 5. The resolution was, therefore, adopted. The subject of Dr. McKee's agency was then taken up, and pending its consideration the Board adjourned to meet in the lecture room of the First Presbyterian Church at the close of the session of the Synod on tomorrow morning. �October 21, 1876, 1 p.m. Lecture Room of the First Presbyterian Church Board reassembled. After consideration of the subject the seat of the Rev. John H. Nesbit, who had left the bounds of the Synod was declared vacant; and the Board proceeded to fill the vacancy by the election of the Rev. Robert Christie of Lexington, and directed the Secretary to give proper notice to the Synod. Mr. Christie appeared, was qualified, and took his seat as a member of the Board. A petition of certain members of the Faculty asking the Trustees to erect houses for the Professors was laid before the Board. The petition was referred to the committee on the Fry property (see names above) with instructions to present a detailed report to the Board at its next meeting. The subject of Dr. McKee's agency was then considered and the following resolutions were adopted by the Board: Resolved that the Financial Committee be authorized and directed to purchase the Denny note and to hold said note as a part of the permanent endowment of the Vice President's Chair, and with the proceeds of said note to pay the salary of Dr. John L. McKee, as Agent of the Board, as it becomes due, up to July 1, 1877. Resolved further that the Board does not see its way clear to continue the arrangement beyond the 1st of July next, but will rejoice if Dr. McKee shall meet with such success, in the meantime, in procuring funds for the purpose as will justify it in extending the arrangement. Resolved that Dr. McKee in his work as an Agent of the College, and an Evangelist, be warmly recommended to the members of our churches in Kentucky, and that a committee of two be appointed to prepare a setting forth the claims of the College to their benefactions. Resolved that the Board highly appreciates the services of Dr. McKee in the past as an Agent, and hereby expresses its sincere thanks for his diligence and fidelity. Messrs Beatty and Welsh were appointed a committee to prepare the address. Board then adjourned to meet in Danville at the time and place of the regular annual meeting. Ormond Beatty, Secretary Danville, Ky., June 19, 1877 Pursuant to adjournment, the Board of Trustees met in Basement of 2nd Presbyterian Church and was opened with prayer by the Rev. John S. Hays, D.D. Members present: Rev. Edward P. Humphrey, D.D. (Chairman), Levi L. Warren, Rev. Stephen Yerkes, D.D., Robert Rodes, Rev. John S. Hays, D.D., George W. Welsh, William Ernst, John B. Temple. The minutes of the last annual meeting, as well as those of the called meetings held in Danville on August 8, 1876, and in Louisville on the 20 and 21st days of October last were read and approved. The Financial Report was read and referred to a committee - Messrs Warren and Temple. Messrs Ernst and Rodes were appointed a committee to examine the investments and to report to the Board. Mr. Beatty, from the Committee on the Fry property, reported that the Committee had effected the purchase of the dwelling house and out houses of Gen. Speed S. Fry, including 8A, 1R, 31P of ground for the sum of $5,912.50 �all of which had been paid except $90; and exhibited to the Board the deed for the same, signed and acknowledged by Speed S. Fry and wife, with clerk's certificate of record in Boyle County office. In part payment of this lot the Committee had sold to Gen. Fry 1A, 3R, 23 1/2P of the Chenault lot at the rate of $750 per acre, amounting to $1,420.31. The difference, viz. $4,492.19 has, with the exception of $90, been paid. The Board approved and ratified the acts of their committee both with respect to the purchase of the Fry lot and the sale of the Chenault lot, and hereby authorize and empower their Chairman, Dr. Edward P. Humphrey, to sign, acknowledge and deliver to Speed S. Fry a title deed to the property which he has purchased as described above. Dr. Humphrey was also authorized and directed to sign, acknowledge, and deliver to Messrs Snow and Toombs a title deed to about 134 acres of land - a part of the Williams tract in Lincoln County, Ky., the sale of which by its committee, Messrs Beatty and Welsh, had heretofore been reported to the Board and ratified by it. The annual report of Dr. John L. McKee as Agent and Evangelist was read and accepted, and is as follows: Danville, Ky., June 17, 1877 Annual report of Dr. John L. McKee to Board of Trustees of Centre College extending from July 1, 1876, to July 1, 1877. I reported to Dr. Beatty, January 5, 1877 as follows: The income and expenditures incident to my agency, not otherwise reported, extending from July 1, 1876 to January 1, 1877. Free will offerings from the churches for preaching. Harrodsburg, for preaching service rendered June 1876 but not paid until after the last report was rendered. $25.00 Paris Church $10.00 Edmonton Church $74.00 Munfordsville $29.30 Lebanon $35.00 Covington $50.00 Oxford, Ohio $70.15 Danville $100.00 Cash of George Denny, Sr., paid on his subscription to Centre College $150.00 Total $543.45 By travelling expenses including horse hire $89.50 Check to Beatty $453.95 $543.45 Since January 5, 1877, I have received the following free will offerings from the churches for preaching: Lexington Presbyterian Churches $200.00 �Cumberland Methodist and our own church in Owensboro $316.25 $516.25 Travelling expenses $57.10 Check to Beatty $459.25 $516.25 I make semiannual applications for settlement to all persons owing the College, in person or by mail, unless payments are made unsolicited. The financial report will show the amount of the collections for the year. It has not been deemed wise to solicit additional subscriptions this year on account of the general depression in business throughout the country. I have preached during the year over three hundred times, as follows: Paris, 16 sermons; Edmonton, 35; Munfordsville, 26; Lebanon, 23; Covington, 26; Oxford, Ohio, 30; Danville, 21; New Albany, Ind., 4; Lexington, 58; Owensboro, 63. Total 302. Respectfully submitted, John L. McKee The Faculty report was read, received and considered item by item. Faculty report The Faculty of Centre College would beg leave respectfully to submit to the Board of Trustees, and through them to the Synod of Ky., the following report of the internal condition of the College for the year ending June 21, 1877. 1. 2. 3. 4. 5. Professors - Dr. Alfred B. Nelson, elected to the Chair of mathematics by the Board at its last regular meeting in June 1876, and Rev. Robert S. Hitchcock, elected to the Chair of Latin and English Literature at a called meeting in August last, have both accepted the positions tendered to them. They entered upon their duties at the beginning of the present academic year on the 11th of September last. Mr. Samuel R. Cheek was appointed instructor of the Sub-Freshman class. Every member of the Faculty has been at his post during the year, and the ordinary routine of instruction and business has been conducted without obstruction. Students - The annual catalog herewith submitted will show the number of students present during the year to have been in College proper 108 and in Preparatory 61 - total 169. As a general thing we have good order maintained, and good work in the way of study, done by the students. During the year considerable religious interest was awakened among the students, eight or nine of whom united with the churches of this place. We submit, herewith, a paper adopted by the Faculty in regard to the Societies, to which we would respectfully invite your attention. Museum and Library etc. - Reports of Profs. Fales and Nelson, herewith submitted, and made part of this report will furnish information in regard to Library, Museum, etc. Preparatory - It will be remembered by the Board that Prof. Ralston resigned his position as Principal of the Preparatory, and that his resignation was accepted by the Board at its last annual meeting in June. The Faculty were authorized to make arrangements for the year. Under the authority of the Board, they employed Mr. Ralston to continue his charge of the Preparatory, but under conditions somewhat altered. He agreed to receive as his compensation the proceeds of the school, and out of these to pay his assistant �6. 7. and one hundred dollars rent for the use of the building. In making this change it became necessary to adjust his claims for services previously rendered. The Faculty have not been able to make a satisfactory adjustment of these claims, and suggest the appointment of a committee of the Board to attend to this business. The Faculty are not able to say whether the services of Mr. Ralston can be had for another year or not. Your consideration of this department is solicited. The President will be able to furnish such additional information as you may need. Degrees - The Faculty would recommend for the degree of A.B. the following young gentlemen, regular members of the senior class viz. Samuel Ayres, James Rollins Burnam, Thomas Elijah Cleland, Thomas Lewis Edelen, Walter Laurie Hays, John Marshall, Edward Hickman Owings, Emmet Everett Phillips. The Faculty also recommends for the same degree, Charles F. Beach, Jr., who completed two years since his Junior year in College. Since this time he has been pursuing his senior studies, upon which he was examined by the Faculty. They recommended for the same degree Robert D. and Josiah P. Chenault, who completed their Junior studies three years since. They have been engaged in teaching since they left College, until last year which they spent in John's Hopkins University. The President is requested to furnish such information as may be required in relation to the College Home. Respectfully submitted by the Faculty Museum This report of the increase of the Museum is respectfully submitted. Number of entries at beginning of year June 1, 1876 2,011 Added during the year Fossils 90 Zoological Specimens 152 Minerals 7 Total added 249 Making present number 2,260 This number includes some land shells of California and Oregon obtained free of expense to the College, and others donated by various individuals. In addition to these, however, it may be stated that an opportunity being offered to procure a small collection of marine articulates and radiates at private sale, in consultation with the President, it was deemed advisable not to let the chance pass, and accordingly $25 of the sum in my hands belonging to the Scientific Fund was appropriated for that purpose. Respectfully, John C. Fales Library The following statement shows the condition of the Library during the year ending June 1, 1877. Number of books in Library at commencement of year Added during the year and catalogues 4,160 41 �Present number 4,201 In addition to this number there has also been received a box of publications of the government, which have not been catalogued for want of time, but will be arranged at an early day. Respectfully, John C. Fales, Librarian Scientific Fund June 1, 1876, Cash on hand $225.04 Received from Scott Trust Fund $142.50 Regular appropriation $50.00 Total $417.54 Expenditures - summary Spectroscope and Freight $256.45 Chemicals $19.62 Gas fitting $17.30 Stouts account - chemicals, etc. $17.42 Zoological collection $25.00 Miscellaneous $11.57 Cash on hand $356.36 $61.18 To the Faculty of the College Gentlemen, I have the honor to report the purchase for the College in February last of a surveyor's transit, with solar compass attachment, at a cost of $271, the voucher for which is hereby presented. The College now possesses a splendid instrument, the want of which has long been felt, and which will greatly enhance the facilities for giving instruction in my department. Very respectfully, Alfred B. Nelson, Professor Mathematics Literary Societies The Faculty would beg leave respectfully to submit to the Board of Trustees the following statement and suggestions, in regard to the Literary Societies of the College. These Societies have always been a source of anxiety and sometimes of trouble to the Faculty. But the advantages to the students derived from them are so great, that we are not willing to recommend their discontinuance. On the other hand, the evils are so many as to demand, on the part of the Faculty and of the Board, a careful consideration of a suitable remedy for them. These evils generally become more conspicuous about the time of their annual election of speakers to represent them in their public exhibitions. These public exercises are held each year on 22nd of February and at the close of the term in June. Speakers are chosen for both of these occasions, in �each Society, at the first meeting after the 22nd of February. Many of the evils to which we refer have grown out of the candidacy of students for the honor of representing the Societies upon these occasions. Parties are formed, and partisan feeling sometimes seems high, especially when there happens to be a close race. Ill feeling is engendered, personal difficulties arise, and sometimes fights occur. Improper means are resorted to in order to secure votes, and whilst the excitement continues, as it sometimes does for weeks, studies are to a greater or lesser degree interfered with, and disorders of various kinds are perpetrated. During the past year we have passed through such a season of excitement. The elections in both Societies were very close and very warmly contested. During the continuance of the excitement the Faculty were under constant apprehension of trouble, and though we are glad to be able to report that our apprehensions were not realized, and that everything passed off without serious difficulty, still we think the matter of sufficient importance to claim the patient consideration of the Board. The difficulty in the way of the application by the Faculty of a suitable remedy for these troubles arises from a feeling, on the part of the students, that the control of their Societies belongs to themselves, and that it is officious intermeddling with what does not properly belong to them for the Faculty to interfere in Society elections or business of any kind, so long as the Societies themselves and their members do no violence, by overt act, to the laws of the College. In order, therefore, to correct existing evils and to prevent future trouble, we think that it requires the intervention of the Board, not only to sustain the Faculty in any measures they might adopt, but to suggest an appropriate remedy for the evils and to require its application. The main source of trouble, as we have already intimated, arises, in our opinion, from the practice of electioneering, which has grown up and which is conducted in many objectionable ways. This, we think, could be corrected by diminishing the direct power of the Societies in choosing their representatives. It may be difficult to determine how this result may be accomplished in the most effective and least objectionable manner. In our opinion, it can be best done by requiring the Societies to share, in some way, the power of election with the Faculty. In this way, greater weight might be given in the selection of speakers to class standing, and particularly to proficiency in elocution, than has heretofore been done; and personal popularity, and the unworthy means employed to secure it, would be of less avail. The plan that appears most feasible to the Faculty is the following viz.: Either to allow each Society to nominate twice the number of persons requisite to fill the offices, and from the persons thus nominated to allow the Faculty to choose the representatives, or else to give the Faculty the power to make the nominations and require the Societies to choose by ballot their speakers from these names on the evening (previously designated), on which they are sent in by the Faculty. The liberty of adopting either alternative should be granted to each of the Societies. We also think that it would be well to reduce the number of speakers upon commencement occasion limiting the Societies to number each, and to require the Faculty to see that the order of the Board be executed. The remedy suggested would, we think, be effective; but there is some reason to fear that it will not be cordially accepted by the students. These papers from the Faculty were all read and received. The paper relating to the Societies was referred to a committee consisting of Messrs Hays and Welsh. The Faculty report was taken up to be considered item by item, when upon motion the Board adjourned to meet at 9 o'clock tomorrow morning. �Danville, Ky., June 20, 1877 9 a.m. Board reassembled Mr. Barbee appeared and took his seat as a member. Dr. Hays reported that he had taken the oath of office required of members. Messrs Welsh, Wiseman and Barbee were appointed to settle all accounts with Prof. Ralston. Mr. Welsh was appointed a committee to confer with Mr. Ralston in regard to his continuance as Principal of the Preparatory for another year. A letter was received from Dr. John W. Scott giving his reasons for absence, and stating his confidence in the security of the Scott Trust Fund. An application was made on behalf of Mrs. Lowry asking to be released from the payment of a note - $300 principal and interest - subscription of her deceased husband, Dr. James Lowry of Shelbyville, to the Endowment Fund of the College. In reply it was resolved that in the case of Mrs. Lowry, this Board will act in concert with the other creditors and consent to such arrangements as they may agree to. The committee to which was referred the subject of investments made the following report which was received and adopted viz. Your Committee respectfully reports that there are among the corporation bonds the following now in default viz. 1. 2. 3. Bonds of the Owensboro and Russellville Rail Road put down in the account at $1,500. This road became insolvent and has been sold under order of the court. There may be some dividend coming to the bond holders out of the proceeds of the sale. Your committee recommends that the Financial Committee be instructed to ascertain the facts in reference to these bonds and report to the Board at its next meeting. Bond of Lewis County, Missouri, $500. The committee recommends that this Bond be sold for whatever it will bring. Bonds of Logan County $8,800, Davies County $4,100, Muhlenberg County $1,100. The prices at which the bonds could now be sold are so low that in the judgment of your committee it is not advisable to sell them at present, especially as there is some prospect of an arrangement in reference to the Logan and Davies County bonds under which their market value may be advanced. There also appears in the report of investments, stock in the Lexington, Paris and Maysville Turnpike Road to the amount of $5,700. Your committee does not know the market value of this stock, but recommend that it be sold if a fair price can be obtained. The other investments are believed to be good and safe and the committee makes no recommendation in reference to them. William Ernst, Robert Rodes Mr. Beatty reported that he had investigated the subject of any possible interest the College might have arising from Mrs. Pike's will, and was satisfied that the claim was wholly worthless. Her executor had wasted the estate and died without property. The Chairman of the committee on professors’ houses reported that he had no plans or estimates. The report was accepted and the committee discharged. Adjourned till 3 o'clock p.m. �3 o'clock p.m. Board reassembled. On motion the suggestions of the Faculty in regard to the Societies were approved, and they were directed, if in their judgment they thought it best, to have the suggestions carried out. Mr. Ralston presented his account against the College which, with other papers relating to his accounts, was given to Mr. Welsh, Chairman of the Committee. The degree of A.B. was conferred upon the eleven young men recommended by the Faculty - A.M. in course upon John J. Hogsett of the Class of 1872; A.M. Honorary upon John A. Jacobs of the Deaf and Dumb Asylum; D.D. upon J. A. Henry of West Philadelphia. Mr. Welsh reported that he had seen Mr. Ralston and that he was not able to say whether he would be willing to continue his connection with the Preparatory for another year or not. The report of the Committee on the Financial Report was received and adopted and is as follows viz. The undersigned, a committee appointed to examine the Financial Report of Centre College, would respectfully submit that they have examined said report and find it an intelligible and detailed statement of the assets, receipts, and expenditures of the institution so classified, as to enable the Trustees to see the amount under each head - so arranged that any statement here would not facilitate the consideration of the financial affairs of the institution. They have examined the checks upon the bank and the vouchers upon which checks are based and find them correct. Under the existing arrangement the bank is made, in effect, the treasury of the institution, so far as money actually passes into or out of the treasury. But in the numerous transactions growing out of such a business, there are necessarily items both of receipt and expenditure in which no money actually passes through the treasury, as in cases where deductions are made, on the one hand, for charges or expenditures of money in the hands of agents who receive money and only the balance is paid over, or on the other hand, where claims against the institution are credited by counter claims in its favor. In addition, therefore, to the accounts, as collected through the bank, your committee suggests that there should be an additional statement of receipts and expenditures as far as they have been settled out of bank, in order to show more fully the income and expenditures of the institution. It would be attended with trouble, but it would have its advantages to have separate accounts with each subscriber to the College funds, that a credit might be entered for any payment, total or partial, and the balance brought down showing the balance due the College with exactness; and that bad notes or subscriptions be charged to profit and loss. The book of such accounts should accompany any financial reports, that receipts from that source could be compared with the entries; and the notes pass in review year by year until collected, which your committee would recommend to be done as speedily as possible as delay will increase the losses without increasing the willingness of any debtor to pay, and the best interests of the College demand the collection and investment of the funds. Levi L. Warren, John B. Temple On motion of William Ernst, seconded by Levi L. Warren, it was ordered, That the account of the Theological Fund belonging to the College be re-opened in the books of the College and regularly reported upon, and that hereafter the proceeds of said Fund be paid into the Treasury of the College and by the Treasurer paid over to Danville Theological Seminary as heretofore ordered. Dr. Thomas H. Cleland appeared and took his seat as a member. �The subject of the Preparatory was referred to the Faculty with authority to make such arrangements for the ensuing year as their judgment may approve. The following paper in regard to Dr. McKee's work was adopted viz. Resolved that the arrangement heretofore entered into with Dr. John L. McKee to act as Evangelist and Financial Agent of the College be continued until July 1, 1878, and that his salary as Vice President be paid out of the proceeds of the fund for the endowment of the Vice President's Chair, so far as it will provide for it, and the balance out of the general funds of the College and that his salary as Evangelist and Financial Agent be paid out of the funds specially contributed for that purpose. It is the purpose of the Board of Trustees to divide the time of the Vice President as equally as the circumstances will permit between teaching in the College and Evangelistic and Agency work. Under Evangelistic and Agency work is to be included, as heretofore, preaching the gospel, the collection of monies due the College, the solicitation of additional subscriptions to the endowment funds, and the use of all proper means to extend the usefulness of the College by securing new students. The Board continues to express its high appreciation of the work which has been done by Dr. McKee, both for the College and many of the Churches. The Board appoints the Rev. Edward P. Humphrey, D.D., Ormond Beatty, and George W. Welsh, Sr., a committee to prepare and circulate a paper setting forth the claims of the College upon the benefactions of our churches and friends. The College Home was again committed to the Faculty management as last year. Resolved that the laws of the College be so amended as to require a vote of two thirds of the entire Faculty for the suspension of a pupil. Standing Committees: On Investments - Levi L. Warren, Edward P. Humphrey, and John B. Temple On Finances - Ormond Beatty, George W. Welsh, and Guy E. Wiseman On Repairs - Welsh, Wiseman, Barbee and Beatty The Board then adjourned to meet at 8 o'clock p.m. in the basement of the Second Presbyterian Church in Danville on Tuesday before the 3rd Thursday of June 1878. Closed with prayer. Ormond Beatty, Secretary Danville, Ky., June 18, 1878 Board of Trustees met, pursuant to adjournment, and was called to order by the Chairman, Rev. Edward P. Humphrey, D.D., after which prayer was offered by the Rev. Dr. Cleland, D.D. Members present: Rev. Edward P. Humphrey, D.D. (Chairman), Rev. Robert Christie, Rev. Stephen Yerkes, D.D., Robert Rodes, Rev. John S. Hays, D.D., James Barbour, William Ernst, Thomas Barbee, Rev. John Jones, D.D., Levi L. Warren, Hon. Tyler T. Alexander, John W. Scott, M.D., Rev. Thomas H. Cleland, D.D. The Financial Report was read and referred to Messrs Ernst and Barbour. �The Faculty report was read, and with accompanying papers is follows viz. The Faculty of Centre College would beg leave to submit to the Board of Trustees, and through them to the Synod of Kentucky, the following report of the internal condition of the College for the academic year ending June 20, 1878. 1) Faculty - There has been no change in the Faculty since our last annual report, nor in the ordinary routine of instruction. 2) The annual catalogue, herewith submitted, will show that the number of students present during the year was in the College Proper 118 and in the Preparatory 46 or, not counting any twice, 159 in all. A special report on the religious instruction of the students is herewith submitted and made part of this report. Nothing very unusual has distinguished the present year. Four students have during the year connected themselves with the Presbyterian Churches in this place. 3) Museum, Library, etc. - We refer you to the Special Reports of Prof. Fales on these subjects. 4) Degrees - The Faculty recommend the following young men for the degree of A.B. viz. Alba Dwight Archibald Henry Chambers Brent Kelly Brent Samuel Lewis Curry Danville, Ky. Paris, Ky. Paris, Ky. Harrodsburg, Ky. Richard Pretlow Ernst Fountain R. Ferrand James G. Givens Marshall Brooke Ward Granger John Adamson Heron John Robert James William Henderson Kelly William McCreary Kenney Charles Euston Kincaid Samuel McAfee Magoffin Peter Muir McRoberts Glenn Howard Putnam Thomas Chalmers Stevenson Charles Talbutt Thompson Melville McKee Vaughan Benjamin Logan Wheat Covington, Ky. Danville, Ky. Lincoln Co., Ky. Danville, Ky. Danville, Ky. Danville, Ky. Paris, Ky. Lexington, Ky. Danville, Ky. Harrodsburg, Ky. Stanford, Ky. Keokuk, Iowa West Newton, Pa. Ruddell's Mills, Ky. Lancaster, Ky. Shelbyville, Ky. And for a certificate of standing in the studies he has been pursuing for the last two years in College, and which are specified on the face of the certificate, Isaac Covington Watt Bowling Green, Ky. �5) College Home - The President of the College is requested to submit to the Board such statements as may be necessary to inform this body of the present condition and prospects of the College Home, and to indicate what may be necessary, in the opinion of the Faculty, to promote and enlarge its usefulness. 6) Preparatory - Under the appointment of the Faculty Mr. John B. Walton, A.M., has been filling with great acceptance the office of Principal of the Preparatory Department during the present year. The competing schools have necessarily reduced the number of students in this department during the present year, but it is believed that another year will show a large increase. Mr. Walton's report is herewith submitted. The various reports referred to above, together with the Financial Report of the Secretary, will furnish such information as the Board may require. Ormond Beatty Report on the Religious Instruction of the Students The Synod at its last meeting adopted the following paper: "Resolved that the Trustees of Centre College be directed to make a report in writing to the Synod at its next meeting, showing in detail what instruction in religion, especially in the word of God is maintained in the College also what attention is required to the worship of God by the students on the Lord's day. The Faculty of the College are requested to make systematic arrangements for the study of the word of God, at as early a period as may be practicable, and make a special report to the Trustees on this subject. The Synod desires to express both to the Trustees and the Faculty their deep solicitude in regard to this matter." The Faculty made this answer to the Board: It has often striven to discover the best method of giving religious instruction to the students. Many plans have been tried - a considerable number have partially or entirely failed. In addition to the Chapel worship, with which the duties of each day are begun, the students are expected to attend the Second Presbyterian Church at least once every Sabbath, unless their parents or guardians desire them to attend some other church. Bible classes, using the International Sunday School Lessons, are taught regularly by the Professors in the Second Presbyterian Church and the students are expected to attend, unless they have parental authority to attend other Sabbath Schools. These classes are taught in connection with the church Sabbath School for these among other reasons: the approaches to the College in bad weather are very muddy, the walk a long one to many students, and the College is so far from the Second Presbyterian Church, it would be difficult to enforce attendance at both places, at least, for a large part of the year. During the year the religious students under the supervision of the Faculty have been organized into a Young Men's Christian Association. This Society holds a weekly prayer meeting on Thursdays in the College at the close of the recitations, to which all are invited, and which has been generally well attended by the students and members of the Faculty. It also holds prayer meetings in students' rooms and other places. We have reason to believe the organization has done good, and is destined to do much more good in the future. �A daily prayer meeting was kept up at the close of the recitations, conducted by some member of the Faculty, for about four months in the latter part of this session. This meeting was well attended. The students took part in the exercises, freely and to edification. The Board has assigned the religious instruction of the students especially to the Vice President. During the present year, under the advice of the Faculty, he has fitted up his class room for the purpose. It is arranged for the Vice President to have all the students one half hour each morning for the first six weeks of the session. Then again he is to have them six weeks the latter part of the annual session. In the first term the instruction will be given in the Old Testament, in the 2nd term in the New Testament. The room is furnished with comfortable and convenient desks and Bibles, so that students can easily take notes upon the instructions. This exercise is considered a regular study with examinations and marks. These are the only times in the year when an extra half hour can be added to the time occupied by the regular classes, without serious inconvenience. Report on Museum Number of entries July 1, 1877 2,260 Added during the year: Minerals entries 14 Specimens 15 Fossils entries 6 Specimens 12 Reptiles entries 8 Specimens 8 Shells entries 13 Specimens 27 Total 42 Specimens 62 Total entries in Museum July 1, 1878 2,301 John C. Fales Report on the Library Number of books on hand June 1, 1877 4,201 Added during the year Public Documents - Department of Interior 53 vols. Public Documents from J. J. Durham 28 Public Documents from Commissioner Davis 1 Public Documents from Rev. J. S. Lucas 1 Public Documents from Ky. Geological Corps through Col. John Cowan 2 Public Documents from Smithsonian Institute 1 Public Documents from Purchase 9 Total number John C. Fales 95 4,296 �Report on Scientific Fund To Balance last year $61.18 To check of Ormond Beatty (Scott Theological Fund) $40.00 $101.18 By account for chemicals, etc. $26.42 Balance on hand, June 1, 1878 $74.75 $101.18 John C. Fales Report of Preparatory Total number of students 48 Cash receipts to date $625.50 Uncollected accounts $140.00 $765.50 Amount deducted for ministers sons $75.00 Amount deducted for Boyle Scholarship $50.00 $125.00 After the submission of these reports it was resolved, that the first order of the day for tomorrow morning should be a free conversation on the state of religion in the College - and the second order to hear the report from Dr. John L. McKee in regard to his Agency and his Evangelistic work. The Board then adjourned to meet at 9 o'clock tomorrow morning. Wednesday, June 19, 1878. Board reassembled. The following members were duly qualified by taking the required oath of office viz. Rev. John Jones, D.D., Rev. Thomas H. Cleland, D.D., Levi L. Warren, Hon. Tyler T. Alexander, Dr. John. W. Scott and James Barbour, Esq. That part of the Faculty report touching the religious instruction of the students was re-read after which a free conversation was held on the subject, when upon motion it was referred to a committee - Dr. John W. Scott, Dr. John Jones, and Tyler T. Alexander with instruction to prepare a report for the Synod. The report of Dr. John L. McKee in regard to his Evangelistic and Agency work was submitted, accepted, and approved, and is as follows, viz. Danville, Ky., June 15, 1878 To the Board of Trustees of Centre College I beg leave to report my work for the year beginning July 1st 1877. I have preached 298 times, as follows: �Mt. Sterling Horeb Richmond College Street Church Owingsville Broadway Tabernacle Paint Lick Carlisle Cincinnati Versailles Mt. Sterling 32 33 45 31 28 1 28 36 30 45 1 Free Will offerings from the Churches Mt. Sterling Paint Lick Horeb Carlisle Richmond Cincinnati $50.00 $130.00 $131.50 $25.00 $86.00 $100.00 College Street Church Versailles Owingsville Broadway Tabernacle Total $150.00 $88.00 $20.00 $35.00 $815.50 Cash received to pay for fitting up College room T. S. Anderson $10.00 Miss Hollis Quigley $25.00 Miss Mary Lafon $10.00 Second Presbyterian Church, Danville $54.75 $99.75 $915.25 Travelling expenses, including use of horse, and buggy repairs $134.60 Bills paid in classroom $309.60 Cash paid for Bibles $64.75 $508.95 Check to Ormond Beatty $406.30 $915.25 Bills have been sent out during the year to all persons indebted to the College, with what results the Financial Report will show. Many of those to whom bills were sent have made no reply. Some of them we know have gone into bankruptcy, and others are passing through severe financial embarrassments. We have received from Rev. James P. McMillan three notes executed May 3, 1878, and payable in six, twelve and eighteen months - $40 each. Guided by the advice of the Financial Committee, and other friends of the College, and upon her own request we �delivered to Mrs. Martha Terrill of Garrard County her legacy bond for $5,000 in consideration of $3,500 cash and its equivalent. For particulars we refer you to the financial report. We received from Mr. Caldwell Campbell of Madison County, Ky., one note for $10,000 to be paid by his executor - Executed December 1877. Also from Mr. Benjamin F. Avery one note, executed June 8, 1878, for $10,000 payable by his Executors. These several notes are given to endow the Chair of Vice President. All of which is respectfully submitted. (Signed) John L. McKee On motion the bonds of B. F. Avery and C. Campbell were referred to Judge Alexander and Mr. Rodes for examination. The report of Dr. McKee upon his Evangelistic and Agency work was referred to a committee, Dr. Humphrey, William Ernst, and Levi L. Warren. A paper was submitted by Gen. Speed S. Fry in reference to the sale of some ground to the Trustees of Centre College. It was referred to Ormond Beatty, John S. Hays and Stephen Yerkes with authority to act in the matter. The following degrees were conferred viz. A.B. upon twenty young gentlemen of the senior class, a certificate upon one. A.M. in course on John Barbour of the Class of 1871, Andrew M. J. Cochran of the Class of 1873, Watson A. Sudduth of the Class of 1874, William H. McGranaghan of the Class of 1874, Thomas P. Curry of the Class of 1875. L.L.D. - John M. Harlan of the Class of 1850, Allan Alcom Burton Ordered that $25 be appropriated to aid in paying expenses of Commencement. A report on the Financial Report was received, adopted and is as follows, viz. The committee to whom was referred the Financial Report of the Secretary respectfully report that they have examined said report, with the accompanying vouchers, and find the same to be correct. The committee was directed to make additional report. A paper in relation to daily recitations in the Bible was submitted and referred to the committee which was appointed to prepare a report for the Synod, viz. Messrs Scott, Jones, and Alexander. The Board then took a recess until 3 o'clock p.m. 3 o'clock p.m. Board reassembled. Mr. Beatty from the Financial Committee reported the sale of the remainder of the Williams land for $600 - cash paid $300 and note of $300. The sale was ratified and the Chairman of the Board was authorized to make a title deed to the purchases. The note of Dr. Lowry was referred to the Financial Committee with instructions to use such means for its collection as their judgment may approve. �The Committee to who was referred the matter of the bonds taken by Dr. John L. McKee from C. Campbell, Sr., and Benjamin F. Avery known as legacy bonds have examined the same and find, in the judgment of the committee, said bonds to be valid and binding and recommend no further action in reference thereto. Respectfully submitted (Signed) T. T. Alexander, Robert Rodes Report approved. Upon a representation made by Dr. Scott, he was authorized to agree that an order should be given on the tenant of the Overton farm, Mr. Friley, for the amount of $25.00 a year for three years for the purpose of aiding in the construction of a turnpike road to the place; paid sum to be deducted from Friley's annual rent. Also $50 to Mr. Friley for repairs to be expended under the general direction of Dr. Scott. In continuation of their report, the Committee to which was referred the report of the Secretary offered the following resolution which was adopted by the Board viz. Resolved that the following notes and bonds be set apart, and known as the Vice President Fund. Note of George Denny, Sr. $2,850.00 Bonds of Louisville Water Works $2,000.00 1 bond of City of New Albany $500.00 2 bond of City of Louisville 6% $2,000.00 Note of J. M. and E. M. Slavens $508.83 Note of H. C. Arnold $616.00 Note of John Y. and E. M. Leavill $1,186.07 Total $9,661.50 The subject of the Preparatory was referred to Messrs Beatty, Yerkes and Hays, with authority to make such arrangements as they may judge to be best. The following resolution of instruction was prepared and adopted by the Board viz. The Finance Committee is instructed to collect the interest past due upon the notes belonging to the College, and are authorized to employ a vigilant attorney, with suitable compensation to attend to this matter, and in cases where the Principal of notes is past due, to collect the Principal if practicable, unless the notes are satisfactorily secured. The attorney to act under the instructions of the Committee. Mr. Beatty reported that the Faculty had selected Mr. J. B. Walton as Principal of the Preparatory, subject to ratification by the Board. On motion, the action of the Faculty was approved and to them was committed the general management of the College Home for the ensuing year. The following permanent committees were appointed for the ensuing year. �On Finance - Ormond Beatty, George W. Welsh, Guy E. Wiseman On Repairs - John C. Fales, George W. Welsh, Guy E. Wiseman, Ormond Beatty On Investments - Levi L. Warren, Edward P. Humphrey, John B. Temple Adjourned to meet at 8 o'clock p.m. 8 o'clock p.m. The Board reassembled. In the absence of the Secretary, Rev. Dr. Jones was appointed Secretary pro tem. The Committee, with reference to the report of Dr. John L. McKee made a report, which was received and adopted and is as follows: Your committee to who was referred the communication of Rev. John L. McKee, D.D., on the subject of his work as Agent for the College in the collection of funds for its better endowment, etc., respectfully report That the money subscribed and collected to supplement his salary as Vice President whilst engaged as Agent of the College, and in Evangelistic work, has been exhausted, and there is no fund out of which the expense can be met. The income of the College is barely sufficient for the regular current expenses, and but a small portion of the subscriptions to the endowment of the Vice President's Chair is available for present revenue. Under these circumstances the question arises what can be done to continue Dr. McKee in the work, which for several years past he has so successfully prosecuted. Only two plans occur to your Committee. One is to use a part of the endowment fund of the College for the purpose. That, in the opinion of your Committee, would be unwise and unjustifiable and should therefore be abandoned. The other plan is to authorize Dr. McKee to raise from friends of the College cash contributions to the extent of $2,500 as supplementary to his salary for one year from 1st of July 1878, provided he will rely upon that source for said supplemental salary and not hold the College responsible for any part of it. This arrangement to continue for one year only, unless it shall be further extended by the Board. Your Committee deeply regrets this inability to present a more satisfactory plan for meeting the expenses that a continuance of Dr. McKee in the work would involve. Respectfully submitted (Signed) Edward P. Humphrey, William Ernst, Levi L. Warren On motion it was resolved that Dr. Humphrey, Ormond Beatty, and Rev. Robert Christie be appointed to propose and publish a circular letter to be used by Rev. Dr. McKee in the prosecution of his work. The Board adjourned to meet on tomorrow - Thursday morning at 9 o'clock a.m. Thursday, June 20 - Board reassembled. The Committee to whom was referred the subject of the religious instruction of the students reported the following resolution which was adopted, viz. Resolved that the Faculty be requested to inquire whether the course of study can be so arranged as to provide for a daily recitation in the Word of God and report to this Board at their next meeting. Respectfully submitted (Signed) John W. Scott, John Jones, Tyler T. Alexander �They also reported the following answer to the Synod of Kentucky which was adopted by the Board and directed to be spread upon the minutes, viz. The Committee to who was referred the paper adopted by the Synod in regard to the religious instruction of the students, report this subject has again and again received the careful and anxious consideration of the Board of Trustees and the Faculty of the College. At the annual meeting of the Board in June 1878 the Faculty submitted a full report giving a detailed statement of all that is done in this direction, and of the efforts made to maintain daily religious instruction among the students. This report from the Faculty is adopted by the Board, and is submitted to the Synod as part of this report. The Board have also instructed the Faculty to inquire what other steps, if any, are desirable and practicable to bring all the students in the College under a more thorough and systematic course of Bible instruction and recitations, and to report to the Board at their next meeting. The Board feel justified in assuring the Synod of the hearty cooperation of the Faculty, with the Synod and Board of Trustees in all practicable efforts to promote the religious welfare of those committed to their care. All of which is respectfully submitted. (Signed) John W. Scott, Tyler T. Alexander, John Jones To the application for aid in the erection of a monument to Dr. Ephraim McDowell, the Board made answer that it would hereby be compatible with the trust that they held to make such an appropriation. As the Board was behind with the salaries of the Professors, it was thought that some inequality was introduced by paying these salaries in full in the order in which they fall due. It was therefore ordered that the salaries should all be made to fall due at the same time, and that the Bank be directed to pay them pro rata. In order to effect this, the Secretary was directed to issue warrants for such fractions of time as would accomplish the end without injustice to anyone. The Board then adjourned to meet at 8 o'clock p.m. in the Second Presbyterian Church in Danville on Tuesday before the 3rd Thursday of June 1879. Closed with prayer. Ormond Beatty, Secretary Danville, December 10, 1878 Board of Trustee met pursuant to call of Chairman. Members present: Dr. John S. Hays, George W. Welsh, Thomas Barbee, John W. Scott, M.D., Rev. Robert Christie, Rev. Stephen Yerkes, D.D. In the absence of the Chairman, Dr. Hays was called to the Chair, and opened the meeting with prayer. The following paper was then read and adopted by the Board, viz. Whereas it appears from a certain deed of Robert C. Boggs of Fayette County, Kentucky, dated January 26, 1848, in favor of the Trustees of the Walnut Hill Presbyterian Church, and which deed is recorded in the office of the Clerk of the Fayette County Court, that the Trustees of Centre College have certain contingent rights in said property as set forth in the following extract from said deed to wit: The above mentioned tract of land and the appurtenances is held by them (the Trustees of the Walnut Hill Presbyterian Church) for the exclusive use and benefit of the Presbyterian Church at Walnut Hill to be used by the said Church in any manner or way which they may deem most conducive to the interests of said Church so long as the said Church continues its connection with the General Assembly of the Old School Presbyterian Church of the United States of America, and upon the further trust if the said Church should become extinct or cease its �connection with the Old School Presbyterian Church aforesaid, that then they (the Trustees of Walnut Hill Church) will convey the said tract and the appurtenances above mentioned to the Trustees of Centre College at Danville, Boyle County, Ky., to be used by said College for the purposes of education. And whereas the property described in said deed was by order of the Fayette Circuit Court, sold subject to the rights of Centre College and the proceeds of said sale are still held by the Trustees appointed by said Court, also subject to any claim which said Trustees of Centre College may have to the same, and whereas the purchaser of the said property now known as the Walnut Hill Female Seminary and the Trustees of the Walnut Hill Presbyterian Church desire to extinguish the claims of the Trustees of the College to said fund and also to the property described in the Deed of Robert C. Boggs above referred to, and whereas a Committee of this Board have reported that the sum of one thousand and sixty five dollars is an adequate and sufficient compensation to the Trustees of the College for all their rights under the said deed. Therefore be it resolved that in consideration of the sum of $1,065 to be paid by Edmund P. Shelby, the Trustee of said fund, the Chairman of the Board of Trustees of Centre College be authorized to execute a quit claim deed to John H. Moore to said property known as the Walnut Hill Female Seminary and also a release to Edmund P. Shelby of all interest in the fund held by him as Trustee. The Board then adjourned to meet in Danville, at the time and place of the regular annual meeting. Ormond Beatty, Secretary Danville June 17, 1879. 8 o'clock p.m. Pursuant to adjournment, the Board of Trustees met in the Basement of the 2nd Presbyterian Church, and, in the absence of the permanent Chairman, the Rev. John S. Hays, D.D., was elected temporary Chairman. The meeting of the Board was then opened with prayer by the Rev. Stephen Yerkes, D.D. Members present: Rev. Stephen Yerkes, D.D., Rev. John S. Hays, D.D., Rev. Thomas H. Cleland, D.D., Rev. Robert Christie, Hon. Tyler T. Alexander, William H. Kinnaird, Robert Rodes, Levi L. Warren, Dr. John W. Scott, George W. Welsh, Thomas Barbee. Letters assigning reasons for absence were received from Revs. James P. Hendrick, Heman H. Allen, and William Ernst. The oath of office was administered to those members who had not hitherto taken it. The minutes of the last regular meeting in June were read and approved, and also the minutes of the called meeting December 10, 1878. The action of the Board in the sale of the Walnut Hill property was approved and ratified. The Secretary reported that the Chairman of the Board had made the deed authorized, and that there had been paid into the Treasury the sum of $1,065 less expense of $11.40 - or $1,053.60 in full of all claim upon the Walnut Hill property. The Financial report was read and referred to a Committee - Messrs William H. Kinnaird and Dr. John W. Scott. The Faculty report was read and with accompanying papers, was referred to a Committee - Drs. Yerkes and Cleland. It is as follows: The Faculty of Centre College beg leave to present the following report of the internal condition of the College for the academic year ending June 19, 1879. 1) Faculty - Since the last annual report there has occurred no change in the Faculty. All the members have, with slight interruptions, been at their usual work during the year. �2) The Triennial and Annual Catalogue, the usual Financial Report, and the reports on the Scientific Fund, the Museum and the Library, all of which are herewith submitted to the Board, will furnish detailed information on these various subjects, to all of which we respectfully refer. 3) Degrees - The Faculty recommend for the degree of A.B. the following young gentlemen of the senior Class, viz. Thomas Botts Andrews Flemingsburg, [Ky.] William Kavanaugh Argo Lowell, [Ky.] Seth Botts Flemingsburg, [Ky.] John Henry Clagett Caneyville, [Ky.] Andrew Payne Darnall Flemingsburg, [Ky.] Henry Palmer Dudley Larned, Kansas Woodford Gaines Dunlap Lancaster, [Ky.] Charles Eugene Edwards Danville, [Ky.] Chauncey Caldwell Edwards Danville, [Ky.] William Simpson Elkin Lancaster, [Ky.] Arthur Henley Keller Paris, [Ky.] James West Kennedy McAfee, [Ky.] James Brown Kinnaird Lancaster, [Ky.] Jacob Guest Owsley Crab Orchard, [Ky.] Hugh Reid Stanford, [Ky.] James Albert Vansant Flemingsburg, [Ky.] William Raymond Worrall Chicago, Ill. and for a certificate James Parla Brubaker Ashland, [Ky.] 4) College Home - The College Home has been kept open during the year. In the earlier part of the term, fourteen or fifteen students entered the Home. A number of these afterwards left and entered private boarding houses. This was due, we believe, less to dissatisfaction with the Home, than to the cheapness of board furnished in private families. The lowering of the rates of board through the town has been effected, in part, we think, by the rate of board in the Home. The Preparatory has been conducted successfully under the same arrangement that existed last year. We think the prospects are flattering for still greater success next year. In answer to an inquiry made by the Board at its last meeting, the Faculty has had under consideration the subject of the religious instruction of the students. It is their purpose next year to give to each class an hour's recitation in the Bible, one day every week. They do not see how it will be in their power, without a change in the curriculum, to add more time to the direct instruction in the scriptures. Dr. McKee will continue his usual lectures, and the ordinary religious worship in the Chapel during the week, and in the churches on the Sabbath day, will of course remain unaltered. �A Young Men's Christian Association has maintained its organization and its activity during the year. A room has been rented in the town which has been devoted exclusively to the work of this Association. It is supplied with a number of papers and periodicals, and a small number of religious books, for the use of the students. Nothing deserving special note in regard either to a religious awakening among the students, or to their general habits of study, or to necessary discipline has occurred, during the year. Respectfully submitted Report on the Museum Number of specimens reported last year Added this year, 2301 Fossils 41 Species Minerals 8 species 9 specimens Articulates 1 species 1 specimens Archaeology 2 species 2 specimens Total 52 82 70 specimens Whole number 2,383 Report in Library (condensed) Number of volumes last year 4,296 Added bound volumes 80 Total 4,376 Pamphlets added 11 Report on Scientific Fund (condensed) June 1, 1878 Balance on hand $74.76 July 1, 1878 Annual Appropriation $50.00 $124.76 By expenses $80.08 Balance on hand $44.68 Report on Preparatory (condensed) Receipts $750.00 Uncollected Accounts $225.00 An application was made to the Board for an appropriation of not less than $50 to aid them in paying the expenses connected with commencement exercises. The Board directed the President to say to them in reply that for want of funds (there being now a large sum due the Professors, which the Board has no means of paying at the present time) and for the purpose of discovering �the growing tendency to increase the expenses connected with the Commencement exercises, they are compelled respectfully to decline making the appropriations. The Board then adjourned to meet tomorrow morning at 9 o'clock. 8 o'clock Wednesday, June 18, 1879 Board reassembled, and was opened with prayer by the Hon. Tyler T. Alexander. Dr. John L. McKee made a report in regard to his work as Financial Agent and Evangelist. It was referred to a committee - Messrs Rodes and Warren. The report is as follows: Danville, Ky., June 17, 1879 I beg leave to submit the following report of my Evangelistic and Agency work since the last meeting of the Board. An earnest appeal for settlement has been made to all those in debt to the College, except those who uniformly pay promptly without any solicitation. This appeal has been made almost entirely through the mail. The Financial report will show the result. Mr. J. S. Crowell of Springfield, Ohio, gave his note for $250 to run from July 1st 1879 in lieu of his subscription made in 1873. The number steadily increases of those who do not answer my letters at all, and of those who beg to be released from their obligations to the College. I have preached, during the year, three hundred and fifty-four sermons, as follows: Ebenezer Church, Lewis County, Ky. 31 sermons Marion Church, Crittenden County, [Ky.] 22 Princeton, Caldwell County, [Ky.] 41 Lexington, [Ky.] 2 Lebanon, [Ky.] 58 Springfield, [Ky.] 43 Central Church, Louisville, [Ky.] 3 Frankfort, [Ky.] 57 Springfield, Ohio 42 Perryville, [Ky.] 2 Ashland, [Ky.] 47 Walnut Hills, Cincinnati 3 Danville, [Ky.] 3 Free will offerings from the churches: Ebenezer $27.70 Marion, [Ky.] $37.75 Princeton, [Ky.] $55.00 First Church Lebanon, [Ky.] $50.00 Second Church Lebanon, [Ky.] $50.00 �M.E.S. Church $20.50 Baptist Church, Lebanon, [Ky.] $9.75 Springfield Church, [Ky.] $60.00 Central Presbyterian Church, Louisville, [Ky.] #20.00 Frankfort Church, [Ky.] $155.00 Springfield, Ohio $261.50 Perryville, [Ky.] $10.00 Ashland, [Ky.] $108.00 Walnut Hills $30.00 $895.20 Mrs. R. J. Brown as a supplement to my salary $50.00 J. P. McMillan paid on his note for the same purpose $50.00 $995.20 Expenses Repairs of buggy $46.25 Travelling expenses $95.40 $141.65 $853.55 (Signed) John L. McKee The permanent Committees were reappointed and are the same as last year. It was ordered that the management of the College Home for the ensuing year be committed to the Faculty with instructions to make such arrangements for its conduct as, in their judgment, might be necessary and proper. The degree of L.L.D. was conferred upon Hon. James B. McCreary of Class of 1857; D.D. on the Rev. John Armstrong, Fairfield, Iowa; A.M. Honorary on Rev. D. L. Landen of Missouri; A.M Honorary on Rev. James L. Allen of Danville, Ky. A.M. in course on Adam W. Ringland, Class of 1872, William H. Shaw, Class of 1874, John T. Vansant, Class of 1875, Samuel R. Cheek, Class of 1875, Frank J. Cheek, Class of 1876, Joseph H. Skinner, Class of 1876. A.B. upon 17 young men of the Senior Class, and a certificate on one, viz. James Parla Brubaker The Committee to which was referred the Financial Report offered their report which was received, adopted, and is as follows: The undersigned Committee on the Financial Report have examined said report, comparing carefully the account of notes and expenditures, and find the same correct. We have not the securities before us - they being in Louisville, or most of them, in charge of Levi L. Warren who vouches for the correctness of the list reported in his possession. We desire to call the attention of the Board to the large amount of Jeffersonville and Indianapolis Railroad bonds owned by the College - nearly $50,000 - and most of these second mortgage. We do not think proper to make any special recommendation on the subject, but to suggest the danger of holding so large a part of the funds in a single security. We notice among the securities some Logan County bonds. Our information is to the �effect that there is danger of a default in the payment of interest on these bonds, and our judgment is that they had better be sold and the proceeds invested in some more reliable security. We learn that the bonds belonging to the Boyle Prize Fund, which have paid no interest for some time past, have been sold for $1,500. During the default the prizes, and cost of recovering these bonds which were among those stolen, have been paid by borrowing some $300 or more from the general funds of the College. We think that no part of the principal of the bonds sold ($1,500) should be used in the discharge of this debt, but that the interest from the reinvestment and whatever may be realized from the past due coupons of the bonds sold should be appropriated to its payment. We request the Committee on investments to inquire into the probability of realizing anything on the bonds of the Owensboro and Russellville Railroad bonds by the College and report at the next meeting of the Board. Respectfully submitted, William H. Kinnaird, John W. Scott The Committee to which was referred the Faculty report, made their report, which was received, adopted and is as follows: The Committee to which was referred the report of the Faculty together with the accompanying documents beg leave to report as follows: 1. 2. 3. 4. We find the report of the Faculty full and satisfactory. The detailed reports on the Library, the Museum and Scientific Fund are very complete - all that the Board could desire in such exhibits. The general work of the Institution has been prosecuted with regularity and fidelity, and with a good degree of success. The total number of students during the year, including the Preparatory Department has been 156. The Catalogue shows how they have been distributed among the various classes and departments. In the judgment of your Committee the standard of scholarship has been gradually and steadily rising, and the instruction given is of such a quality when compared with that given in the best institutions in the country as to justify us in most cordially commending it to the continued patronage of the public. In accordance with the recommendation of the Faculty, we recommend that the degree of A.B. be conferred on the seventeen young gentlemen of the present senior class. So far as we learn from this report, the College Home and the Preparatory Department have been conducted in such a manner as to gain the approbation of the Faculty. In response to the resolution of the Board (passed at the last annual meeting) touching the religious instruction of the College, your Committee recommend that the Board accept the action of the Faculty, (Contained in the 6th section of their report) as entirely satisfactory. Stephen Yerkes, Thomas H. Cleland, Committee The Committee to which was referred Dr. McKee's report, made their report, which was received and adopted and is as follows, viz. The Committee to who was referred the report of Rev. John L. McKee, D.D., as to his agency in the collection of funds for the better endowment of Centre College, report that, in their judgment, this Board can do nothing more than to re-adopt the action of this Board at its meeting in June 1878, and found on page 39 of its records; and they therefore recommend that all of its proceedings, as found on that page, be re-adopted for one year more from this date. As to the collection of the funds due or to become due by virtue of any note given, or sum subscribed for the endowment of the Vice President's Chair or for the general endowment of the College, this Committee do recommend and advise that the subject be left with, and committed to the Financial Committee for the purpose of �adjustment, settlement and collection, on such terms and in such manner as may be just, equitable and proper, leaving the whole matter to their best judgment, and advise as much expedition as possible. Respectfully, Robert Rodes, Levi L. Warren It appeared from a statement made by Dr. McKee that over and above sums especially contributed for this object, he had heretofore spent of the free-will offerings of the churches given for his own support the sum of $218.55 in fitting up and furnishing his recitation room in College. It was therefore ordered that this sum of $218.55 be returned to Dr. Mckee. To the Faculty was committed for the ensuing year the management of the Preparatory with full power to make such arrangements for conducting it, as their judgment might approve. The Board then adjourned to meet at the conclusion of Judge Dulaney's address to the Alumni Association. 9 o'clock p.m. Board reassembled. Resolved that the name of Mr. Kinnaird be added to the Committee, and that Mr. Welsh, Mr. Barbee, and himself be a Committee to settle with Mr. Ralston, either by agreement or by arbitration. The Board then adjourned to meet on Tuesday before the third Thursday in June 1880, at 4 o'clock p.m. Closed with prayer. Ormond Beatty, Secretary Danville, Ky., June 15, 1880 Board of Trustees met pursuant to adjournment. In the absence of the permanent Chairman, Dr. Yerkes was called to the Chair, and opened the meeting with prayer. Members present: Rev. Stephen Yerkes, D.D., John S. Hays, D.D., Thomas H. Cleland, D.D., William Ernst, Levi L. Warren, Robert Rodes, George W. Welsh, Dr. John W. Scott, Thomas Barbee, Rev. Robert Christie. Letters given reasons for non-attendance were received from Rev. Edward P. Humphrey, Rev. Heman H. Allen, Rev. John Jones, and Rev. James P. Hendrick and James Barbour. The minutes of last year were read and approved. Rev. John A. Boyle obtained leave to offer a memorial in relation to a legacy left by Mr. David Williams to the Presbyterian Church in Hunstsville, and in which the Trustees of Centre College had a contingent interest. The paper was referred to a Committee consisting of Rev. Dr. Hays, Mr. Welsh, and Mr. Rodes, with power to take such action as may to them seem necessary to secure the rights of Centre College in the premises. The Financial Report was read and referred to Messrs Ernst and Cleland. Upon motion it was ordered that the accumulated interest on the Scott Memorial Fund, reported as amounting to $607.90, be placed to the credit of the General Fund, for the purpose of meeting the ordinary expenses of the College, including the salaries of Professors. The following resolution in regard to the Overton farm was offered and adopted. Resolved that the note of [blank space] dated [blank space] and payable one day after date, with interest, be accepted in part payment of the rent due from Mr. Friley; that the action of Doctor John W. Scott in his efforts to secure the balance of the rent due be approved, and that the whole matter be referred to him to manage at his discretion; also that the rent be reduced �to $300 per annum in future. Further, that Dr. Scott be authorized to make such repairs upon the building as he may deem necessary for its protection and to make it tenantable. The Board then adjourned to meet tomorrow morning at 9 o'clock. Wednesday, June 16, 1880 Board reassembled and was opened with prayer by Dr. Cleland. Minutes of the last meeting were read and approved. Dr. John L. McKee had leave to present a report on his Evangelistic and Agency work. Also a second paper touching his work in the College, his salary, and his relations to the Board. Both of these papers were referred to a Committee - Messrs Rodes and Ernst. The Faculty report was read, and with accompanying papers was referred to Messrs Christie and Barbee. The following is the report of the Faculty: The Faculty of Centre College beg leave to present to the Board of Trustees, and through the Board to the Synod of Kentucky, the following report of the internal condition of the College for the Academic year ending June 17, 1880. 1) Faculty - Since the last report no change has been made in the Faculty, and without serious interruptions, all its members have been in their places and at their work during the year. 2) The annual Catalogue, the Financial Report, and reports on the Scientific Fund, the Museum, and the Library, all of which are herewith submitted to the Board, will furnish detailed information on these various subjects. 3) Degrees - The Faculty recommend for the degree of A.B. the following young gentlemen of the Senior Class - viz. Hervey Barbour Clifton Rodes Barret James Madison Bell Birdwhistell Nathaniel Lafon Curry Richard Patton Dunlap Frank Fithian George Adams Joplin Robert White Knox Alfred Alcorn Lewis Charles McAfee Lewis Henry Thomas Lyttleton John Patton McCartney William Thomas St. Clair James William Skinner and the certificate upon William Huston January Falmouth, Ky. Louisville, Ky. Salvisa, Ky. Harrodsburg, Ky. Danville, Ky. Paris, Ky. Lexington, Ky. Danville, Ky. Danville, Ky. Danville, Ky. Paris, Ky. Flemingsburg, Ky. Danville, Ky. Maysville, Ky. Maysville, Ky. �4) College Home - The College Home has been in successful operation during the entire year; and its management has, we believe, given entire satisfaction to its inmates. About 16 or 18 students have found a home in it during the year, and these, with two or three families, have kept it well filled. 5) Students - There has been a considerable increase in the number of students the present year. The moral condition of the College has been unusually good, the students have pursued their studies with ordinary diligence, and discipline, especially in its extreme forms, has been rarely necessary. The Faculty has attempted to carry out the plan suggested last year, of giving to each class a recitation in the Bible on Monday morning. The experience of the year has not presented any reason for discontinuing the plan. It is not wholly without difficulty, but upon the whole it appears to the Faculty, from the short experience to work well. In the month of April, instead of his ordinary lectures to the students on the Bible, Dr. McKee conducted a protracted meeting in the Second Presbyterian Church. These services, especially in the evening, were attended by almost the entire body of the students. Great interest was manifested in the congregation, and especially among the students. Twenty five or thirty persons were added to the different churches, much the larger number connecting themselves with the Second Presbyterian Church. A majority of these were students, either of the College Proper or the Preparatory. A number of others, who had before joined the church, but who had been negligent of their Christian duties, were led to renew their vows of consecration. 6) Preparatory - The Faculty succeeded in making an arrangement with Prof. Walton, the Principal of the Preparatory Department, by which he agrees to take the sole responsibility of this school. It is to be conducted, as formerly, under the general direction of the Faculty, but he employs his own assistants and receives as his compensation the entire proceeds of the school. This arrangement, as long as it continues, will save annually from $500 to $1000 in the expenses of the College. Library Summary of report Number of volumes in Library June 1, 1879 4,296 Number added by donation during year 64 Total number June 1, 1880 4,360 Pamphlets added during year 68 Museum Number of entries to June l, 1879 2,353 Number specimens Entries Mineralogy 69 53 Zoology 110 62 Paleontology 109 39 Archaeology 4 4 292 158 Total entries to June 1, 1880 158 2,511 �Scientific Fund Balance on hand June 1, 1879 $44.68 Received during the year $50.00 $94.68 Total expenses $165.99 Balance due Prof. Fales $71.31 The Committee to which was referred the Faculty report and accompanying papers beg leave to report, 1. 2. 3. 4. The Faculty Report is full and satisfactory. The reports of Library, Museum and Scientific Funds give clear and detailed statements of the condition of these important branches. It is gratifying to learn that the number of the students in attendance has been increased during the year, that the order has been good, the diligence commendable, and a work of grace of great importance was experienced during the year. These facts testify in the clearest manner to the industry and fidelity of the members of the Faculty. The total number of the students in attendance during the year is 180 as against 156 in the previous year. In accordance with the recommendation of the Faculty, we recommend that the degree of A.B. be conferred upon fourteen young men of the senior class and the Certificate upon one. It appears that the advantages of the College Home are appreciated, so that it has been occupied to its full capacity. We most heartily endorse the action of the Faculty in the arrangement it has effected with Prof. Walton, with respect to the Preparatory Department and recommend its approval. The report was adopted. (Signed) Robert Christie, Thomas Barbee The Committee to which was referred the Financial Report, made a report, which was received and adopted and is as follows: The Committee to who was referred the Financial Report respectfully report: We have given to the examination of the subject such care as time permitted. On comparing the list of securities now reported to be on hand with the list as given in 1879, we find that many changes have been made; but in examining the detailed reports of sales and re-investments in order to test the accuracy of the present list, we discovered discrepancies which we are unable to explain, although the aggregate amount reported appears to be correct. We therefore recommend that the present report of the secretary, together with his report for 1879, be referred to the Committee on investments, with instructions to carefully event and list by name and number all the securities belonging to the College - general and special - and report to the Board at its next meeting. We have also examined the vouchers for payments made, and find them to correspond with the entries on the cash account. (Signed) William Ernst, Thomas H. Cleland Report of Dr. John L. McKee on his Evangelistic and Agency work I have preached during the year four hundred times as follows: �Winchester, [Ky.] Flemingsburg, [Ky.] Troy, [Ky.] Tabernacle, Louisville, [Ky.] First Presbyterian Church, Lexington, [Ky.] Second Presbyterian Church, Lexington, [Ky.] Baptist Church, Danville, [Ky.] M.E. Church, Danville, [Ky.] First Presbyterian Church, Danville, [Ky.] Leavenworth, Kansas Keokuk, Iowa Fairfield, Iowa Lancaster, [Ky.] Reformed Church, Lancaster, [Ky.] House of Refuge, Louisville, [Ky.] New Providence, Mercer County, [Ky.] New Albany, [Ind.] Evansville, Indiana Second Presbyterian Church, Danville, [Ky.] 45 times 42 28 12 6 6 1 1 1 2 44 27 44 1 2 5 44 22 60 Free Will offerings Winchester Church, [Ky.] Flemingsburg Church, [Ky.] Troy Church, [Ky.] Tabernacle Church Second Presbyterian Church, Danville, [Ky.] Keokuk, Iowa Fairfield, Iowa First Presbyterian Church, Lexington, [Ky.] Second Presbyterian Church, Lexington, [Ky.] New Albany, Indiana Lancaster, Ky. Evansville, Indiana New Providence, [Ky.] Travelling expenses Received for collecting Received of J.P. McMillin - Supplement $75.00 $60.00 $40.00 $110.00 $355.00 $222.00 $55.00 $10.00 $60.00 $107.50 $101.00 $165.00 $5.00 $1,365.50 $137.70 $1,227.80 $220.20 $24.00 $1,472.00 As far as I could, I have carried out the instructions of the Finance Committee in discharging the duties of my agency. Some of the provisions of the Committee are incomplete, and to be determined by the Board. The instructions of the Committee are herewith submitted. I have made an unusual effort to collect all monies due the College. The solicitations for settlement have been made chiefly in person. The Financial Report will show the result. A settlement has been effected with most of those persons who refused to pay on account of the recovery �of the bonds. I failed, however, to settle with Mr. J. T. Cooper, and submit, herewith, his own statement of the case. The Executor of Mrs. M. A. Wilson asks the Board to return one percent of her donation to the College for the purpose of keeping in repair her cemetery lot. See letter of Mr. G. W. Harbison, one of the executors, herewith submitted. Judge F. T. Fox proposes to settle his note to the Trustees of Centre College by selling to the same at the rate of $300.00 per acre, so much of the lot lying south of his residence as may be necessary to redeem his note. The proposition in writing is herewith submitted. Respectfully submitted, (Signed) John L. McKee The above report, with other papers, were referred to a committee - Messrs Robert Rodes and William Ernst which submitted the following report, which was received and adopted, as follows. The Committee to who was referred the report of Dr. John L. McKee, and the communications made by him accompanying the same, report, 1. 2. 3. 4. 5. 6. The arrangement heretofore made with Dr. McKee, having ceased by virtue of orders heretofore made in regard to his salary, agency, and evangelistic work, we think that in the future the following terms should be observed and adopted by the Board, namely that the whole fund annually accruing as interest from the Vice Presidents endowment, (or whatever is available there from) shall be appropriated to paying Dr. McKee's salary from and after 1st of July 1880; but if there be not enough arising from that source, to make $1,000, then he shall be paid from the general fund, a sufficiency to make up the sum of $1,000. In addition to this, Dr. McKee shall have the right to act as an agent of the Board in obtaining and raising subscriptions for the endowment of the Vice President's Chair, until the sum of $50,000 is secured, and thereafter such subscription shall cease, and all subscriptions or donations shall be taken for the general endowment of the College. He is at liberty, likewise, to prosecute his evangelistic labors and to secure such free will offerings as may be made to him. Out of these subscriptions and offerings he may retain enough to make up to him the sum of $2,500 in addition to his regular salary of $1,000. But in no case is he to receive more than $3,500 altogether; and if the Vice Presidents fund and the free will offerings and the subscriptions he shall obtain shall make or produce more than said sum, he shall pay the surplus (or it shall be paid) over to the Treasurer of Centre College as a part of its general fund or income. This agreement as to salary and agency and evangelistic work on the part of Dr. McKee shall only exist for one year - subject to the further order of the Board. We submit to the Board that, in view of all the facts presented, the Financial Committee accept from J. T. Cooper $100 in full satisfaction of his subscription. We further recommend that Judge F. T. Fox's proposition be accepted, and so endorsed in writing by the Secretary, Ormond Beatty, and that his proposition be carried into effect and executed by taking the proper conveyance and a surrender, when that is done, of all claim on Judge Fox, for, or by reason of, amount due from him. We advise also that one percent of the amount of Mrs. Wilson's bequest (of Shelby County) when paid, be returned to the Executor for the purpose of keeping her burial place in repair, as requested by Mr. Harbison her executor. We advise also that the balance due from Dr. McKee on his subscription notes to the College be cancelled and that his notes be surrendered on his agreement hereto; and that whatsoever deficit, in the salary now due, may remain, after surrendering the subscription notes, and whatsoever deficit there may be hereafter, after exhausting the provisions named in items 1 and 2 above be paid out of the contributions which may be made for that purpose, and from the free will offerings of the churches--provided the income from these sources shall at any time hereafter be in excess of what is needed at the time to complete the salary then due. But the salary is never to exceed $3,500. �That the amount of Mrs. Wilson's bequest, when received, shall be loaned to Dr. Mckee at 6 percent interest per annum, he executing a mortgage to the Trustees therefore (in which Mrs. McKee shall write, releasing all claims of every description thereon) for the house and grounds on which he now resides in Danville, Ky., he paying the cost of executing and recording said mortgage. It is further recommended that Dr. McKee shall keep his said residence and house insured for the sum of at least $3,000; and that the policy shall be taken for the benefit of the Board of Trustees of Centre College in case of loss. We recommend that the Financial Committee be charged with the due execution of the papers named in this report, and of the payment of the monies and of the transfer and delivery of the notes referred to. (Signed) Robert Rodes, William Ernst The following report was submitted to the Trustees on the subject of the Scott Memorial Fund. This fund, the Board will remember, amounted to $6,000, of which $2,500 belonged to the College, $2,000 to the Biddle Memorial Institute, and $1,500 to Danville Theological Seminary. It was in the form of a note given by William Maxwell of Genoa, Illinois, to Ormond Beatty, Trustee, and was secured by mortgage on 320 acres of land in McLean County, Illinois. Interest at the rate of 10% per annum was paid regularly on this sum until July 1, 1877. At this time notice was given that interest would be paid no longer. Suit was at once instituted to foreclose the mortgage, and the business was entrusted to Messrs Stevenson and Ewing of Bloomington, Illinois, by whose judgment it was obtained and the land sold under a decree of the court, and bought in by the Trustee for these Institutions. But the right of redemption survived for 15 months after the sale of the land. Before the expiration of this time, the Trustee, by the advice of his legal counsel, and of such members of the Board of Trustees of the College and of the Seminary as he could privately consult, agreed to surrender his claim upon the land in consideration of the payment to him of the entire sum to which he would be entitled by law at the time, together with the expenses to which he had been subjected in prosecuting the suit. These expenses amounted to $245 over and above what the law allowed. In the final adjustment the Trustee received in point of fact only $116.02 instead of $245. This arose from two circumstances. In the first place the purchaser claimed that it was the duty of the Trustee to pay the tax on the land for 1879, amounting to more than $50 and which had not been included in the estimate of expenses. The remainder was in the form of expenses charged by lawyers, for writing and recording deed etc., connected with the closing of the contract. The money necessary to cover these items of expense was retained by the counsel of the Trustee. The amount actually received is given below. Cash of Stevenson and Ewing $2,761.61 Cash of Stevenson and Ewing $116.02 (over) $2,877.63 cash from preceding page $2,877.63 1 note of Mrs. Julia S. Scott and M.T. Scott payable (by subsequent agreement on March 1st 1883 $3,000.00 1 note - on same parties and conditions $2,000.00 $5,000.00 Total amount $7,877.63 Expense of settlement Expense of foreclosing mortgage reported by attorneys $131.17 Their own fee $150.00 Taxes on land 1878 $55.52 Ormond Beatty's travelling expenses $40.00 Interest on money borrowed from General Fund to pay expenses $39.00 �Express, telegrams, etc. $3.00 Net distributable sum $418.19 $7,458.94 Of this due Theological Seminary $1,864.74 Biddle Institute $2,486.30 Centre College $3,107.90 $7,458.94 In this settlement each institution received the entire principal; and in addition $1,458.94 interest to be distributed proportionally among them. By the advice of the Financial Committee of Danville, the Trustee has paid to the Agent of the Theological Seminary the entire amount belonging to this Institution, viz. $1,864.74, and he has written to the President of Biddle Institute, the Rev. S. Mattoon, D.D., that he is prepared, upon the execution to him of the proper receipt, to pay over to the Trustees of that Institution the entire amount due it. By paying over this sum to Biddle Institute, the College will become the exclusive owners of the two notes of Mrs. and Mr. Scott, the one for three thousand, and the other for two thousand dollars. The Financial Committee of Centre College, in Danville, recommended these notes to be held as an investment by the College. They pay 7% interest per annum, payable semi-annually and are secured by mortgage on 320 acres of land in Illinois for which Mr. and Mrs. Scott have just paid in cash $2,877.63 and executed their notes for $5,000. When these transactions shall be completed the Trustee sees no reason why he may not pass to the Board these notes, pay the remainder of the cash in his hands, and terminate the trust. The interest of that part of this fund that belongs to Centre College has not been consumed. It now amounts, as the statement shows, to $607.90. Of this sum $500 is found in the face of one of the notes of Mrs. Scott, which is for $3,000 or $500 more than the principal of the Scott Trust Fund. It would perhaps be well to increase by this amount the principal of this fund and make it $3,000 instead of $2,500. Respectfully submitted, Ormond Beatty, Trustee On motion it was Resolved, That the action of the Trustee of the Scott Trust Fund as far as reported be approved, and the Trustee is authorized to carry out the purpose suggested in his report of paying over to the Trustees of the Biddle Institute the portion of the fund due to this Institution. The degrees conferred by the Board were: A.B. upon the 14 young gentlemen recommended by the Faculty, and a Certificate upon one. A.B. in course on Joseph S. Moore, Class of 1876 A.B. in course on Thomas E. Cleland, Class of 1877 A.B. in course on Thomas L. Edelen, Class of 1877 D.D. on Rev. James W. Wightmore, President of Ogden College, Bowling Green, Ky. 4 o'clock p.m., Board reassembled. On motion, the standing committees of the preceding year were reappointed, viz. �Financial Committee - Ormond Beatty, George W. Welsh and Guy E. Wiseman Committee on Repairs - John C. Fales, George W. Welsh, Guy E. Wiseman, and Ormond Beatty Committee of Investments - Levi L. Warren, Edward P. Humphrey, and John B. Temple Moved and adopted that when the Board adjourns it will adjourn to meet in Danville at 8 o'clock p.m. on Tuesday before the 3rd Thursday in June 1881. The Collection of the past due notes and interest was committed to the Financial Committee, and they were authorized to continue their arrangement for this purpose with Dr. John L. McKee. Board then adjourned and was closed with prayer. Ormond Beatty, Secretary Louisville, Ky., December 29, 1880 The Trustees of Centre College met at the call of the Chairman in the College, 2nd Presbyterian Church, Louisville, on December 29, 1880, at 7 p.m. and was opened with prayer by the chairman. There was present: Edward P. Humphrey, D.D., Rev. Robert Christie, Rev. J. W. Pugh, Rev. John Jones, D.D., Mr. John B. Temple, Hon. Tyler T. Alexander, Rev. Stephen Yerkes, D.D., Rev. Thomas H. Cleland, D.D. In the absence of the Secretary, Rev. John Jones was called to act as Secretary pro tem. Letters and telegrams explaining their absence were received from the following gentlemen, viz. Rev. Heman H. Allen, Dr. John W. Scott, William Ernst, Esq. and George W. Welsh, Esq. Messrs J. W. Pugh, John Jones, Tyler T. Alexander and Thomas H. Cleland, after having the oath of office administered to them, took their seats as members of the Board. The Chairman stated that the object of the meeting was to consider the condition of the College. A full and free conference was held, all the members expressing their views. Upon motion it was Resolved, That notice be given to Professor de Soto that the Trustees desire him to resign his professorship in Centre College, his resignation to take effect as early as may suit his convenience, not later than the close of the collegiate year. The Secretary was directed to communicate the above resolution to Prof. Salvador DeSoto. Upon motion it was further resolved that Rev. Edward P. Humphrey and Mr. John B. Temple be a committee to confer freely with Rev. Prof. Robert S. Hitchcock, and communicate to him the sentiments expressed at this time by the Board. Upon motion the Secretary by Dr. Ormond Beatty was authorized to pay the expenses of the Trustees present at this meeting who reside out of Louisville. The minutes were read and approved, after which the Board was adjourned with prayer, by Rev. J. W. Pugh. John Jones, Secretary pro tem Danville, Ky., June 14, 1881 Board of Trustees met pursuant to adjournment, and in the temporary absence of the Chairman, Mr. William Ernst was called to the Chair, and the meeting was opened with prayer by Dr. Jones. Members present: Rev. Edward P. �Humphrey, D.D., Chairman, Rev. Robert Christie, Rev. John W. Pugh, Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, John B. Temple, Rev. John S. Hays, D.D., George W. Welsh, James Barbour, William Ernst, Rev. John Jones, D.D., Rev. Thomas H. Cleland, D.D., William H. Kinnaird, Levi L. Warren, John W. Scott, M.D. The oath of office was administered to those members who had not heretofore taken it since their election, viz. Messrs. Barbour, Kinnaird, Warren and Scott. The minutes of previous meetings were read, amended, and approved. The report of the Faculty was read and accepted, and with accompanying papers was referred to a committee consisting of Messrs. Jones and Kinnaird. This report is as follows: The Faculty of the Centre College of Kentucky beg leave to present to the Board of Trustees, and through the Board to the Synod of Kentucky, the following report of the internal condition of the College for the Academical year ending June 16, 1881. 1. Faculty - The members of the Faculty have all been in their places and performed their allotted work during the year with the exception of Prof. Hitchcock, whose serious illness during the months of October and November, and convalescence during December, rendered him unable to attend to his duties. It was considered necessary to employ a teacher in his place, and accordingly Ex-Prof. Randolph was engaged. 2. Catalogue and Reports - The annual catalogue, the financial report, and reports on the Museum, Library and Scientific Fund, all of which are herewith submitted, will furnish detailed information on these various subjects. 3. Degrees - The Faculty recommend for the degree of A.B. the members of the Senior Class, viz. Benjamin Franklin Bedford Robert Letcher Blakeman Logan Wharton Caldwell Joseph Weisiger Caldwell Joseph Abner Know George Welsh Metcalfe Edgar Christian Newlin John Matthew Newman Francis Slaughter Read and for a certificate Ezra Fiddler McKee Harry Jefferson Cowan Alfred Clay Downs James Francis Greer William Wilson Irwin William McDonald Shaw William Bayard Thomas Benjamin Vincent Tyler William Price Vaughan William Nicholas Vaughan 4. College Home - The Home has been under the same management as last year, and its success seems to have been satisfactory. 5. Students - The number of students has been about the same as for the year ending June 1880. No flagrant breaches of discipline have occurred, and only a few cases requiring more than an admonition or reprimand. 6. Religious Exercises - The lectures of Dr. McKee, and the regular Monday hour given to each class in the Bible, during the year 1879-1880, have been continued during the last year, and it seems to the Faculty with profit to all. 7. Preparatory - The arrangement entered into with Prof. Walton has been carried out without any expense to the College - as agreed upon. �All of which is respectfully submitted. (Signed) Ormond Beatty, President The Financial Report was read, accepted, and referred to a committee consisting of Messrs John B. Temple and James Barbour. See Financial Report Book. A motion was then made and adopted "that the Board will proceed to consider the question of the resignations of the Professors of Latin and Greek tomorrow at 11 o'clock." The Board then adjourned to meet in the lecture room of the Theological Seminary at 9 o'clock tomorrow morning. Closed with prayer. Wednesday, June 15, 1881. 9 a.m. The Board reassembled and was opened with prayer. The minutes of yesterday were read, amended, and approved. Thomas Barbee appeared and took his seat as a member. A report of his evangelistic and agency work was made by Dr. John L. McKee, and is as follows: Annual report of my agency and evangelistic work, commencing June 20, 1880. I have solicited settlement from all the subscribers to the Endowment Fund of Centre College, except from those who have been in the habit of paying promptly without solicitation. In the large majority of cases the call has been made in person. The Financial Report will show the result. A number of the subscribers live in remote places and cannot be visited without heavy expense. The most of this class have not answered any letters. I have preached during the year as follows: Kingston, Tenn. Columbia, Ky. New Providence, Mercer County, [Ky.] Goresburg, Ky. Caldwell Church, Boyle County, [Ky.] Georgetown, Ky. Nicholasville, Ky. Broadway Tabernacle, Louisville, [Ky.] Frankfort, Ky. Vincennis, Ind. Central Presbyterian Church, Louisville, [Ky.] Danville, Ky. 21 sermons 46 36 1 2 43 42 5 60 42 27 17 Total 342 Free Will Offerings: Kingston, Tenn. Church Columbia, [Ky.] $10.00 $55.00 �New Providence, [Ky.] Georgetown, [Ky.] Nicholasville, [Ky.] Broadway Tabernacle Frankfort, [Ky.] Vincennes, [Indiana] J. G. Barret Central Presbyterian Church, Louisville, [Ky.] Second Presbyterian Church, Danville, [Ky.] James P. McMillan Less traveling expenses $53.50 $105.00 $110.00 $40.00 $200.00 $110.00 $65.00 $50.00 $160.00 $24.00 $982.50 $82.20 $900.30 Respectfully submitted, (Signed) John L. McKee At the same time Dr. McKee made suggestions as to the appointment of a Normal School. In view of the suggestion concerning the addition of a Normal Chair to Centre College, it was resolved that the questions involved in this suggestion be referred to the following committee to examine and report: Messrs John W. Pugh, John Jones, John W. Scott, James P. Hendrick, and Ormond Beatty. The following resolutions with regard to Dr. McKee's salary were unanimously passed: Resolved that the salary of Rev. John L. McKee, D.D. for the coming year be the income of the Vice President's Fund, the commission upon collections made on subscriptions now due, and that he be allowed to receive the free-will offerings of the churches for his evangelistic services, provided that the whole sum received shall not exceed the sum of $3,500. Resolved that a Committee be appointed to examine into the state of the accounts between Dr. McKee and the College, and to ascertain whether anything is due to him or not, and to make a final settlement of the matter, reduced to writing and duly signed by Dr. McKee and by the Chairman of the Board of Trustees; and that this committee have full power to make a final settlement. This Committee consists of Messrs. Ernst, Hays, and Kinnaird. The Committee upon the report of the Faculty made their report which was accepted and adopted. It is as follows: The Committee appointed to examine the report of the Faculty and accompanying documents, respectfully report 1. 2. 3. These papers show that all the members of the Faculty have been punctual in their duties during the year without interruption, except in one instance caused by illness; and that the increased attendance of the previous year has been maintained during the past year, indicating substantial progress in public favor. The reports concerning the Library and Museum show that 120 books have been added to the former and 130 specimens to the latter. The thanks of the Board are due to Dr. John W. Scott of Lexington and others, by whose liberality a series of Ward's very valuable casts have been presented to the Museum. The financial statement as to the use of the Scientific Fund indicates a judicious expenditure, and serves to show how great is the need of a larger fund. We have examined the vouchers and find the accounts correct. �4. 5. The catalogue of the College shows that of the 87 students in the College proper, 48 come from places outside Danville, and that only four students come from other states. This seems to suggest that it would be wise to cause the advantages of Centre College to be more widely known. We recommend that the degree of A.B. be conferred upon the following members of the Senior class, viz.: See report of the Faculty. (Signed) John Jones, Chairman Mr. Levi L. Warren tendered his resignation as a member of the Committee of investment. Upon motion the resignation was accepted and the following minute touching the matter was unanimously adopted: Resolved that this Board, in accepting the resignation of Mr. Levi L. Warren, feels called upon to tender to him their unanimous and most hearty thanks for the very valuable and exhausting labors he has bestowed upon the care of the funds of the College. The Board are aware that no minute can express the obligations we are under to Mr. Warren, but they desire to acknowledge his great ability and eminent success in managing the funds. Resolved that the Secretary be instructed to send to Mr. Warren a copy of this action. Upon motion, Hon. J. B. Kincaid was added to the Committee of investment, and he was appointed the custodian of the bonds. The Committee was directed to settle with Mr. Warren and to receive the bonds. The said Committee consists of Messrs. J. B. Kincaid, John B. Temple, and Edward P. Humphrey, D.D. The resignations of Profs. DeSoto and Hitchcock were read, and on motion accepted, and the Secretary was directed to pay their salaries to September 1, 1881. The names of several gentlemen were presented for the vacant professorships and numerous recommendations were. At one o'clock a recess was taken to 3 p.m. June 15, 1881. The Chairman called the meeting to order. Hon. Tyler T. Alexander appeared and took his seat as a member of the Board. A free conference was held until half past five o'clock. It was then moved and carried, that the further consideration of this matter be postponed until 8 p.m. The following resolution was adopted. Resolved that it shall be the duty of every member of the Faculty to attend the daily morning prayers in the Chapel, unless prevented in some way that renders it inconvenient to do so; and that it shall be the duty of the President to report the fidelity of each member in this particular at the annual meeting of the Board. The matter of right of way for the Kentucky Central Railroad through the Overton farm was referred to Dr. John W. Scott, with power and authority to make any arrangements his judgment may approve. The committee appointed to examine the financial statement of the College reported as follows: The undersigned appointed a Committee to examine the financial statement of Centre College submitted by the Secretary of this Board, respectfully report that they have examined said statement and the accompanying vouchers, and compared them and find them correct. No suggestions occur to the Committee except that the examination of such a statement during the sittings of the Board necessarily withdraws from the deliberations of its sittings two of its members, and from the limited time for such examination makes it somewhat unsatisfactory �to such Committee, and does not enable them to give such intelligent attention to the finances of the College as might enable them to make valuable suggestions. As a remedy the Committee recommends that the fiscal year of the College be made to terminate with the quarter ending March 31, and that the financial statement be made out to that date and submitted to a standing committee on the financial statement to be constituted of two members of the Board on the 15th day of May in each year, who shall prepare and submit a report upon each statement at an early period of its annual session. It would remedy any inconvenience arising from the date of ending the fiscal year, if the Secretary would submit to the Board a supplemental statement of any changes in the financial affairs of the College, which may be important for the full information of the Board. Respectfully, (Signed) John B. Temple, James Barbour Pending discussion a recess was taken till 8 p.m. The Board was called to order and took up the business assigned to this hour. It was moved and carried that the consideration of this subject be postponed to July 5 at 8 p.m. in Louisville in the session room of the Chestnut St. Church. It was moved and carried that the treasurer be authorized to pay an annual sum of $25 toward defraying the expense for music on Commencement Day. The report of the Committee to examine the financial statement was taken up, accepted, and adopted. On motion the following persons were appointed the standing committee called for by the said report, viz. Messrs. John B. Temple and Tyler T. Alexander. Rev. Mr. Christie was excused from further attendance tonight. It was moved and carried that, with a view to obtaining information touching candidates for the vacant professorships, the President be requested to enter into correspondence as he may deem desirable, and also to visit Cincinnati and other places, his expenses to be paid by the Board; and that he report to the Board such information as he may gain in regard to suitable and available persons for the vacant chairs in the College. The Committee appointed to look into the matter of the William's legacy made an oral report, showing that there will be about $1,100 secured for the use of the College, and that they have a contingent interest and also a mortgage of $4,000 on the school building; and that the business was in the hands of Mr. Alcorn. The Committee was continued for further report hereafter. The question of purchasing additional ground from Judge Fox lying adjacent to that already bought of him, and of selling the last mentioned lot, was committed to the local financial committee of Danville. On motion it was resolved that the sum of $100 be deducted from the salary of Prof. Hitchcock to pay the expense of securing the services of Prof. Randolph during Prof. Hitchcock's illness. It was moved and carried that the salary of Prof. DeSoto for July and August be paid by canceling the notes held by the College against him and his wife for the sums subscribed by them to the Endowment Fund of the College. �The following persons received the degree of A.M. in course: Henry H. Grant, 1875; J. B. Dunlap, 1875; Charles F. Beach, Jr., 1877; Marshall B. W. Granger, 1878; William H. Kelley, 1878; Charles E. Kincaid, 1878; the honorary degree of A.M. was conferred upon Mr. Frank D. Spottswood of Midway, Ky.; the honorary degree of D.D. was conferred upon the Rev. Robert W. Allen of Jacksonville, Ill. The following local standing committees were reappointed: On Repairs - Messrs. John C. Fales, George W. Welsh, Guy E. Wiseman Financial Committee - Messes. Ormond Beatty, George W. Welsh, Guy E. Wiseman The minutes were read and approved, and the Board adjourned to meet in the lecture room of the Chestnut St. Church, Louisville, at 8 p.m. on July 5. Ormond Beatty, Secretary Louisville, Ky., July 5, 1881 The Board met pursuant to adjournment and was organized with prayer by Dr. John Jones. The following members were present: Rev. Edward P. Humphrey, D.D., Chairman, Rev. John W. Pugh, Rev. John S. Hays, D.D., Rev. John Jones, D.D., Rev. Robert Christie, Rev. Stephen Yerkes, D.D., Rev. James P. Hendricks, Rev. Thomas H. Cleland, D.D., Rev. Heman H. Allen, Tyler T. Alexander, Levi L. Warren, John B. Temple, John W. Scott, M.D., Robert Rodes, William Ernst, James Barbour. The Board reconsidered its action in regard to the salary of Prof. DeSoto and on motion granted his request to pay his salary to September 1, 1881. The Board was informed that Hon. J. B. Kinkead declined his appointment as custodian of the funds of the College, and on motion Edward W. C. Humphrey was appointed in his place. On motion the treasurer was directed to pay the travelling expenses of members of this Board living out of Louisville. The Board resolved that when it adjourns it be to meet at Danville on the Tuesday before the third Thursday of June 1882 at 4 p.m. It was resolved that the Board engage in a season of devotional exercises with reference to the critical condition of the President of the United States. After this the business for which the Board was called was then taken up, and the Secretary presented a number of names before the Board as applicants for the vacant chairs in the College. After listening to various testimonials and statements, the Board adjourned to meet in College St. Church at 8:30 o'clock tomorrow morning. �8:30 a.m., Wednesday, July 6 The Board reassembled pursuant to adjournment. Testimonials in favor of the following persons were read and considered: Rev. John H. Hinitt, Rev. Joseph Waugh, John W. Redd, Rev. John Barbour, Prof. J. P. Walton, Prof. W. L. Yerkes, Prof. H. A. Scomp, Prof. Samuel R. Cheek, Rev. A. P. Bissell. The Board then proceeded to ballot for a professor of Greek. Several ballots having been taken without election, the Board then resolved to ballot for a professor of Latin. After various motions and ballots, Prof. W. L. Yerkes, having received the requisite number of votes, was elected professor of Latin; and in like manner, Rev. John H. Hinitt was elected professor of Greek. The title of one of the chairs is Greek, English Literature, Belles Lettres, etc.; and of the other Latin and the Modern Languages. The salaries were each fixed at $1,500 a year payable quarterly, as the other professors are paid. The Secretary was directed to explain the whole matter to the professors elect, and the directions heretofore given to the Faculty are to be sent to them. It was resolved that in the want of the declinature of either of these gentlemen, the matter be referred to the Faculty. President Beatty was directed to communicate notices of election to the professors elect. The Board then adjourned to meet during the session of the Synod in Lancaster next October. The session was closed with prayer by Dr. Thomas H. Cleland. Ormond Beatty, Secretary Danville, Ky., August 4, 1881 Board met pursuant to the call of the Chairman and was opened with prayer by Dr. Hays, who was chosen temporary chairman. The following members were present: Rev. John W. Pugh, Rev. Stephen Yerkes, D.D., Rev. John S. Hays, D.D., George W. Welsh, Thomas Barbee, Rev. Thomas H. Cleland, D.D., John W. Scott, M.D., Hon. Tyler T. Alexander. The Board was informed by the Secretary that he had received letters from Prof. W. L. Yerkes and John W. Hinitt declining the chairs to which they were elected. Upon motion these declinations were accepted, and the Board proceeded at once to fill the vacancies thus created. Upon motion, Samuel R. Cheek was nominated as temporary professor of Latin and English, and the Secretary was directed to confer with him and ascertain whether he would be inclined to accept. A favorable report having been made by the Secretary, Mr. Cheek was elected to the chair above designated for one year running from September 1, 1881, to September 1, 1882, at a salary of $1,000 per annum, to be paid quarterly as the salaries of the other professors. In like manner, Prof. John W. Redd of Virginia was elected to the chair of Greek and German for one year, at a salary to be agreed on by the Secretary of the Board aided by local members of Prof. Redd; the salary, however, not to exceed in any event that paid to the other professors, nor to be less than $1,000 a year. In the event of the declination of either or both of these gentlemen, the resolution passed at the Louisville meeting, and found on page 81 of the minutes, empowering the Faculty to fill temporarily the vacancies was readopted. �The Faculty was directed to arrange the studies for these departments in connection with those of the other departments. It was ordered that the expenses of the members attending this meeting be paid by the Treasurer. The Board then adjourned to its next regular meeting in June 1882. Ormond Beatty, Secretary Danville, Ky., June 13, 1882 Board of Trustees met pursuant to adjournment and was opened with prayer by Rev. J. P. Hendrick. In the absence of the permanent Chairman, Dr. Jones was called to the chair. The members present were: Rev. John S. Hays, D.D., George W. Welsh, James Barbour, William Ernst, Thomas Barbee, Rev. John Jones, D.D., Rev. Thomas H. Cleland, D.D., William H. Kinnaird, John W. Scott, M.D., Rev. John W. Pugh, Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, Hon. Tyler T. Alexander. The minutes of the last regular meeting in Danville, and also the minutes of the meeting in Louisville July 5, 1881, and in Danville August 4, 1881, were read and approved. On motion the report of Dr. John L. McKee was presented, received, and referred to a committee consisting of Dr. Cleland and Messrs. Alexander and Welsh. It is as follows: Danville, Ky., June 13, 1882 To the Board of Trustees of the Centre College of Kentucky I beg leave to make this annual report. Since the last meeting of the Board I have done all I could to collect what is due the College from subscribers to the endowment fund. In most cases the application has been made in person, in other cases by mail. The Financial Report will show the result. Messrs. John A. Miller, John T. Gathright, and A. T. Denny desire to be released from their subscriptions altogether. Their applications are herewith submitted. Mr. George Denny, Sr., desires to make a commotion of his note. His application is also herewith submitted. Since the last meeting of the Board, I have preached as follows: Supplied Second Presbyterian Church, Danville, from June 19 to September 4, preaching Paris, Ky. Junction City Camp Ground Burksville, Ky. Madison, Ind. Paint Lick Lawrenceburg, Ky. Supplied lst Church, Lebanon, from March 6 to date 31 sermons 2 1 27 35 5 2 61 Total 164 In my engagement to supply the First Presbyterian Church, Lebanon, Ky., I have reserved one Sabbath per month, or its equivalent, for evangelistic work or for soliciting for the College. This arrangement gives me much better opportunity for attending to the interests of the College, than the old plan afforded. �Free Will Offerings Second Presbyterian Church, Danville Burksville, Ky. Madison, Ind. Paint Lick Lebanon, Ky. Total Ten per cent on collections By travelling and other incidental expenses $240.00 $78.00 $115.00 $20.00 $750.00 $1203.00 $123.09 $1326.09 $143.25 $1182.84 Respectfully submitted, (Signed) John L. McKee The Faculty report and accompanying papers were read and referred to a committee consisting of Messrs. Hendrick and Ernst. These reports are as follows: Report of the Faculty of Centre College for the year ending June 15, 1882 The Faculty of the Centre College of Kentucky beg leave to submit to the Board of Trustees, and to the Synod of Kentucky, the following report for the academic year ending June 15, 1882. 1. Faculty Since our last report two members of the Faculty have resigned, viz. Rev. Robert S. Hitchcock and Prof. Salvador DeSoto. Their places have been filled by Profs. Samuel A. Cheek and John W. Redd, who were appointed by the Board of Trustees to fill these vacancies. These gentlemen entered upon the discharge of their duties at the opening of the College year on the first Monday in September. With grateful acknowledgements we are glad to be able to say that all the members of the Faculty have without serious interruption, been in their places and at their work during the entire year. 2. Reports The reports and papers herewith submitted, viz. the Financial Report, reports on the Museum, the Library and Chemical Funds, copy of the catalogue, etc., will furnish the Board complete information on these topics. 3. Degrees The Faculty recommend that the degree of A.B. be conferred on the following fourteen young gentlemen of the Senior Class: George J. Allen, John L. Bosley, Albert G. C. Collins, David T. Edwards, Andrew F. Evans, Hartwell P. Grider, Alexander M. Irvin, Benjamin H. Magruder, Dwight N. Marble, William L. McEwan, William T. Overstreet, Thomas W. Parry, John M. Rankin, Bethel B. Veech. �4. College Home There has been no change in the management of the College Home during the year, which has given satisfaction both to the inmates and to the Faculty, who have the general control of it. It has afforded accommodations to about 20 students. 5. Students An inspection of the catalogue will show a considerable decrease of students. In the College we think this is due, at least partially, to the wide-spread impression that the session would open with an incomplete Faculty. It is known to the Board that the vacancies created by the resignation of two of our professors were not filled till a late date. We have heard that some students who had intended to come to Danville were diverted to other schools by this fact. 6. Preparatory Department Two years ago the Preparatory Department was committed to the management of the present principal, under the general supervision of the Faculty. He agreed to accept as his compensation the tuition fees derived from his department. Under the liberal offers of the College, a good many students had been receiving free tuition in the Preparatory Department as well as in the College proper. As the principal received no other remuneration than his fees, he felt constrained to be a little more rigid in requiring payment of tuition. In this way some students were lost; though the entire receipts of the school have been greater this year than they were the last. 7. Order and Discipline As a general rule good order has been maintained, and good work has been done by students. 8. Religious Instruction We have worked upon the same plan as last year. Morning lectures by Dr. McKee when at home, and during the remainder of the session a lesson in Bible for one hour is given by the professors to each class one morning in the week. Some religious interest was manifested during the term, but only one student actually connected himself with the church. (Signed) Alfred B. Nelson, Secretary of Faculty To the Board of Trustees of the Centre College of Kentucky Gentlemen: The following report shows the condition of the Library at the close of the year ending June 1, 1882. Books received and added From Bureau of Education Report for 1879 Dept. of the Interior Misc. Public Documents U. S. Naval Observatory Astronomical Observations Brig. Gen. Hazen Report of Chief Signal Officer No. vols. 1 71 3 1 �Smithsonian Institution Report for 1880 Hon. J. B. Beck Reports of Departments Memorial Address Paris Exposition, 1878 Hon. P. B. Thompson, Jr. Report of Chief Signal Officer, 1879 W. M. Paxton Poem by himself Mrs. E. O. B. Beatty The Land and the Book Prof. De Soto Miscellaneous Volumes E. H. Anthony Silver Printing National Wool Growers Assoc. Reviews of Free Trade Agreements 1 10 14 5 1 1 1 27 1 1 Dr. J. W. Scott Kitchen's History of France Unknown Donor Poems and Life of T. H. Genni Missionary Society, Princeton, N.J. Missionary Review (Unbound) Vol. 4 By Purchase Misc. Books, History, Biog. Essays, etc. Old books recovered during the year and not before catalogued or reported 3 1 1 80 6 Total added 229 Of these by gift Of these by purchase 149 80 Number at close of last year Number in Library June 1, 1882 4,481 4,710 In addition to the above also have been received pamphlets amounting to 65 During the year a card catalogue of the subjects treated of in the books in the Library has been commenced and the periodical literature about completed. The remainder of the work will be finished as rapidly as the time at the disposal of the Librarian will permit. Respectfully submitted, John C. Fales, Librarian The report of Prof. Fales on the condition of the Scientific Fund showed the total expenditure for the year to be $174.25 Receipts $133.00 Leaving a balance due Prof. Fales of $41.25 The report of Prof. Fales on the Museum showed the number of entries at last report 2,588 Added during the year 129 Total in Museum 2,717 The President, in accordance with the requirement of the Board reported that the members of the Faculty, except in some cases where sufficient reasons for non-attendance existed, were prompt and regular in their attendance at the Chapel exercises in the morning. �The Financial report was read and accepted, but further consideration of it was deferred until the report of the auditing committee to which it had been referred could be presented. A memorial from a Committee of the American Philological Association and the American Association for the Advancement of Science in regard to conferring honorary degrees was submitted to the Board. The Secretary was directed to reply that the suggestions of the memorial were in accordance with the usual practice of Centre College. On motion the Board then took up the subject of the election of permanent professors. A ballot was taken and Profs. Samuel R. Cheek and John W. Redd were unanimously elected to the chairs to which they had been respectively chosen as temporary professors by the Board on the 4th day of August 1881. Their salaries were raised from $1,000 to $1,200 a year for the next year, beginning from the 1st day of September 1882. It was ordered by the Board that the expenses of Ormond Beatty in attending to the interests of this Institution, in accordance with the directions of the Synod of Kentucky in relation to the establishment of a State College at Lexington, be paid out of the ordinary income of the College. Dr. Scott reported in regard to granting a right of way for a railroad through the Overton Farm, to which the attention of the Board was called last year, that no road would at the present time be made in that direction, and that the subject might be dismissed. The report was accepted and adopted. It was moved and adopted that the first order of business for tomorrow morning should be the conferring of degrees; and that the second order should be to hear a statement from the President on the question of the practicability of uniting the two Presbyterian colleges in Kentucky, viz. Centre College and Central University, and thus securing the undivided support and patronage of the Presbyterians of this State for one school. The Board then adjourned to meet at 8 o'clock tomorrow morning and was closed with prayer by the Chairman. 8 a.m., Wednesday, June 14, 1882 The Board was reassembled and the minutes of yesterday's proceedings was read and approved. Mr. Robert Rodes sent a letter giving his reasons for absence from meetings of the Board and resigning his position as a member of the Board. The Secretary was directed to forward the letter and to call the attention of the Synod to it and the action of the Board recommending that said resignation be accepted and the vacancy filled. Letters were received from Dr. Humphrey, Mr. Christie, and Mr. Warren giving reasons for their absence from this meeting. On motion the following resolution was adopted: Whereas it is reported to this Board J. T. Friley, tenant on the Overton Farm, is greatly in arrears in his rent; therefore be it Resolved, That Dr. John W. Scott, having oversight of the Overton Farm near Lexington, be instructed to terminate the lease of J. P. Friley to said farm on March 1, 1883, provided the entire rent of the current year is not promptly paid over before January 1, 1883. The Committee appointed at the meeting of the Board yesterday, to which the Financial Report was submitted, made its report, which was received and after some consideration, was recommitted. �The question of conferring degrees on Messrs. Irwin and Gelon Hamm was referred to the Faculty for their consideration and recommendation. The Committee to which was referred the report of the Faculty and accompanying papers submitted a report which was received and adopted. It is as follows: The Committee to which was referred the reports of the Faculty, on the Library, the Museum, and the Scientific Fund, beg to report 1. 2. 3. That they have examined these several papers, and compared the vouchers accompanying the last with its statements, and find all correct, and recommend that they be severally approved. And that, in accordance with the recommendation of the Faculty, the degree of A.B. be conferred upon the members of the present Senior Class named in this report. We notice with pleasure the gradual increase of the Library of the College both by gift and purchase, and the increased facilities in the way of apparatus for illustration and experiment in the natural sciences. Respectfully submitted, (Signed) J. P. Hendrick, William Ernst The degree of A.M. in course was conferred upon William M. McClure and Breckinridge Jones of the Class of 1875, and upon William R. Worrall of the Class of 1879. The degree of D.D. was conferred upon Rev. G. H. Rout of Versailles, Rev. Heman H. Allen, of Princeton, Rev. L. G. Barbour of Richmond, and Rev. William C. Young of Louisville. The second order of the day was then taken up and the President made a statement in regard to the practicability of uniting the entire Presbyterian influence of Kentucky upon a single institution in Kentucky. After some discussion of the subject in the Board it was Resolved, That a Committee of conference be now appointed by this Board, consisting of Dr. Edward P. Humphrey, President Ormond Beatty, Messrs. John B. Temple, William Ernst, and James Barbour to confer with a similar committee (should such a committee be appointed) from Central University with reference to the joint action and control of this College and said University and the general interests of Presbyterian Education in Kentucky. The committee to whom was referred the question of Dr. McKee's salary, submitted their report which was received by the Board, and is as follows: The committee appointed at the June 1881 meeting of the Board under the following resolution: Resolved, That a committee be appointed to examine into the state of the accounts between Dr. McKee and the College and to ascertain whether anything is due him or not, and to make a final settlement of the matter, reduced to writing and duly signed by Dr. McKee and by the Chairman of the Board of Trustees, and that this Committee have full power to make a final settlement respectfully report: It appears that under the arrangement made by the Board with Dr. McKee, in consideration of services in addition to his duties as Vice President, he was allowed to supplement his salary of $1,000 per year as Vice President by commissions on collections of subscriptions to the permanent funds of the College, the voluntary offerings of the people in aid of his evangelistic work, and from the income of Vice President's Fund in excess of $1,000, until his compensation should reach $3,500 per year. During the period from June 1878 to June 1881 Dr. McKee failed to receive from the above named sources the full sum of $3,500 a year, so that in June, 1881, the deficiency �amounted to $3,130.78. Dr. McKee does not claim that this is a debt due to him from the College, nor does he ask the College to make it up to him. But he feels aggrieved by the provisions of a resolution passed by the Board at its meeting in June 1881, which place him upon an income to be derived from the sources named in said resolution, so that if the amount he may realize should not reach the sum of $3,500, he is stopped from making up the deficiency from future collections. He desires the Board so to modify that resolution as to provide that in case he should fail to receive in any one year from the sources named the full sum of $3,500, he shall have the privilege of making up the deficiency hereafter. Thus your committee did not feel authorized to promise and so failed to dispose of the matter in the manner contemplated by the resolution under which they were appointed. They therefore submit Dr. McKee's grievance and request to the Board for its action. (Signed) William Ernst, William H. Kinnaird After discussion of the subject the following resolution was adopted: Resolved that the limitation to one year in the resolution in relation to Dr. McKee's work and compensation passed by the Board at its meeting in June 1880, and the same limitation to one year contained in a resolution on the same subject passed by the Board at its meeting in June 1881, be repealed and that the arrangement between Dr. McKee and the Board as set forth in the action of the Board at its meeting in June 1880, be continued until otherwise ordered by the Board. Resolved further that the action of June 1880, as modified by the foregoing resolution, is to be considered as concluding all matters at issue between Dr. McKee and the Board, and that for any deficiency in the amount he has heretofore received below $3,500 a year and any deficiency that may hereafter arise below the $3,500 a year, Dr. McKee is to depend entirely upon the three sources named in the resolutions of 1880 and 1881, and is not to regard it as in any sense, moral or legal, an obligation of the College; but no interest is to be calculated on any such deficiency. Resolved further that before these resolutions shall go into effect, the approval and acceptance thereof by Dr. John L. McKee shall be given in writing; which approval and acceptance shall be entered upon the minutes of the Board. I accept and approve the foregoing resolutions, adopted this 14th day of June, 1882. (Signed) John L. McKee The question of preparing a fire-proof vault in the College was referred to the local financial committee, with authority to act on the matter. The Committee to which was referred Dr. McKee's report on his Evangelistic and Agency work, submitted their report which was accepted and adopted by the Board, and is as follows: The Committee on the Report of Dr. John L. McKee touching his evangelistic and agency work for the year ending to date, June 13, 1882, beg leave to make the following report: 1. Your Committee would recommend to the Board their approval of Dr. McKee's engagement to supply the 1st Presbyterian Church, Lebanon, reserving one Sabbath per month, or its equivalent, for evangelistic work or for soliciting for the College, as offering better opportunity for attending to the interests of the �2. 3. 4. 5. College and at the same time conserving the welfare, if not the continued existence, of one of our most important churches. That this Board release J. T. Gathright, Louisville, from his obligation to pay his indebtedness to this Board owing to his recent misfortune, resulting in his financial failure, with the understanding that if he is ever able, the College shall lose nothing. Your Committee also finding that John A. Miller was in feeble health and unable to pay the amount subscribed by him ($250), recommend that his notes be returned to him. That the proposition of G. Denny to change the form of his obligation to the Board from personal notes to a life policy and a bond of $1,000 to be paid after his decease, be laid over for future consideration. That this Board does not, under all the circumstances, feel warranted to release A. F. Denny, Lancaster, as requested in his behalf by Gen. W. J. Landram from his obligation to the Board. Your Committee would recommend that the following form for securing legacy bonds for the College be printed for the use of your soliciting agent: I [blank space] of [blank space] State of [blank space] hereby bind my executors, administrators, heirs, devisees, and personal representatives, all or any of them, to pay to the Trustees of The Centre College of Kentucky, at Danville, Kentucky, [blank space] months after the death of both myself and wife--that is, after the death of the survivor, the sum of [blank space] dollars with interest thereon from the date of the death of whichever one of us shall survive the other; the principal to be held as a permanent fund for the endowment of said College. The interest alone to be used in aid of that object. Attest: 6. Commending the faithful and efficient labors of evangelistic and agency work of Dr. McKee for the past year, he is hereby earnestly requested by the Board to do all he possibly can to increase the number of students at the approaching session of College. (Signed) Thomas W. Cleland, Tyler T. Alexander, George W. Welsh The report of the Committee on the Financial Report was submitted and referred to Hon. Tyler T. Alexander, John B. Temple and Ormond Beatty to correct and record. Their report is as follows: The undersigned, standing committee on the Financial Report of Centre College, submit the following: The Committee had before it the Financial Report up to April 1, 1882, the same annual report by the Secretary of the Board at the annual meeting in June 1881, the book of the several accounts of the several funds embraced in the report, kept with the First National Bank of Danville; also sundry vouchers, and checks drawn by the Secretary and paid by the bank; also a settlement of Edward W. C. Humphrey, Esq., appointed custodian of the funds of said College. The Committee report that after the examination of all these papers and careful addition of the figures, they found the financial statement correct and showing the following facts: General Fund Principle There was collected of the principal or endowment fund $6,521.95 �A balance of $524.00 and $200 refunded by Ormond Beatty, borrowed for expense of a suit in Illinois (Scott Fund) is included Income There was collected for income on stock and bond investments $5,918.22 Interest on individual notes $1,183.80 Rents, etc. $360.55 Tuitions $985.00 $8,447.37 Vice President's Fund Principal, note of A. J. Hamed, $14.36 Balance of overdraft 1881 to balance $69.17 Income, dividends and interest on stock and individual notes $83.53 $1,036.50 Boyle Prize Fund Principal Proceeds sale of $600 Logan County bonds $509.25 In hands of Levi L. Warren $41.50 $550.75 Income From stocks, bonds, etc. $102.00 Overdraft $41.90 $140.90 Scott Memorial Fund Principal, unchanged Income $273.52 Theological Fund (held in trust) Principal, unchanged Income, coupons collected Expenditures - General Fund Principal $175.00 �John L. Wheat's note at 12 months from February 1882, secured by 62 shared Union Cement and Line Co. $6000,00 Balance in Bank $521.95 Income $6,521.97 Tuition paid Walton $19.95 Salaries $6,805.34 Printing and advertising $166.18 Improvements and repairs $148.73 Insurance and taxes $212.35 Paid overdraft $40.87 Miscellaneous expenses, interest $307.90 Balance in Bank $746.05 $8,447.37 Expenditures - Vice President's Fund Principal Overdraft as per report of 1881 $83.53 Income Vice President's Salary $810.00 Balance in Bank $226.50 $1,036.50 Expenditures - Boyle Prize Fund Principal Purchase of 4 shares Louisville Bridge stock $469.00 Balance in hand of Levi L. Warren $81.75 $550.75 Income Balance of overdraft 1881 $78.90 Paid Blake for watch $65.00 $143.90 Expenditures - Scott Memorial Fund Principal, nothing Income, Financial Report $210.74 Balance in hands of Trustee $62.78 $273.52 �Expenditures - Theological Fund Income, Paid Prof. Archibald for use of Theological Seminary $175.00 Recapitulation of Receipts General Fund: Principal $14.35 $1,036.50 Principal $509.25 Income $102.00 Balance in hands of Levi L. Warren Scott Memorial Fund: $8,447.37 Income Boyle Prize Fund: $6,521.97 Income Vice President's Fund: Principal $41.50 $14,969.34 $1,050.86 $652.75 Income $273.52 Theological Fund: $175.00 Total Income $17,121.74 Recapitulation of Expenditures General Fund: $7,701.32 Principal $83.53 Income $810.00 Principal $469.00 Income Boyle Prize Fund: $6,000.00 Income Vice President's Fund: Principal $143.90 $13,701.32 $893.53 $612.90 Scott Memorial Fund: $210.74 Theological Fund: $175.00 Total Expenditures $15,593.49 Cash in Bank - Financial Report $1,383.45 Cash in hands of Levi L. Warren (Boyle Prize) $81.75 Cash in hands of Trustee Scott Memorial Fund $62.78 To balance total receipts $1,527.98 $17,121.47 College Assets College Building with contents, estimated $65,000.00 College Home (Old College) $5,000.00 President's House $8,000.00 $78,000.00 �Endowment or General Fund Overton Farm $5,000.00 Barbee House, $2,000; Fry Property, $4,000 $6,000.00 Hughes House, $1,000; Lot bdt of Judge Fox, $600 $1,600.00 400 acres land in Texas (unproductive) $500.00 $13,100.00 Corporation bonds, Financial Report $101,874.20 Individual notes, one half of $5,000 Mrs. J. G. Scott $2,500.00 Note of J. L. Wheat $6,000.00 Uncollected subscription notes after deducting $5,510 as per list $13,850.26 $22,350.26 Markey Fund in hands of Dr. John W. Scott $2,673.00 Balance of cash on hand $521.97 Total General or Endowment Fund exclusive of buildings, etc., for convenience termed Foundation $140,519.43 Vice President's Fund Stocks, bonds, etc. $20,000 Individual notes of which $10,000 are payable at death of donors $11,588 $31,588.00 $172,107.43 Boyle Prize Fund Stocks, bonds, etc. $1,400.00 Cash in hands of Levi L. Warren $81.75 $1,481.75 An overdraft of $41.90 due to General Fund not deducted Scott Memorial Fund One half of $5,000 notes of Mrs. J. G. Scott $2,500.00 $176,089.18 Add for College Building, Home, President's Home $78,000.00 Gives a Total of $254.089.18* *Some notes, considered worthless, embraced in the report of the secretary are omitted in this statement. Your Committee recommends that a list of all the subscription notes belonging to the General Fund be made out in such form as that all partial or total payments of either principal or interest could be entered. From such a list all unavailable notes should be left out. The reading of such a list at a meeting of the Board is calculated to elicit valuable information. �It seems to your Committee a reproach that the meager salaries of the professors cannot be promptly paid when due without some discount. As a remedy for this, and to increase the usefulness of the College, it is suggested that some steps be taken to keep before the church the fact, little appreciated, that this institution of learning belongs to it, and under the blessing of Providence has done much for the church and for religion, and should be prominently held up to the attention of the generous as worthy of their beneficence. (Signed) John B. Temple, Tyler T. Alexander The permanent Committees were reappointed. The Committee of Investment, Louisville, Ky., consists of Messrs. Levi L. Warren, John B. Temple, Edward P. Humphrey, and Edward W. C. Humphrey. The Financial Committee, Danville, Ky., consists of Messrs. Ormond Beatty, George W. Welsh, and Guy E. Wiseman. The Committee on repairs consists of Messrs. John C. Fales, George W. Welsh, and Guy E. Wiseman. The minutes of the Board were read and approved; and the Board then adjourned to meet in the Second Presbyterian Church in Danville at 4 o'clock p.m. on the Tuesday (June 19) before the third Thursday in June 1883. The meeting was closed with prayer. Ormond Beatty, Secretary Danville, Ky., June 19, 1883 The Board of Trustees met pursuant to adjournment, and was opened with prayer by Dr. Yerkes. Dr. John W. Scott was elected temporary Chairman and then, on motion, Dr. Edward P. Humphrey was chosen permanent Chairman. The following members were present: Rev. Edward. Humphrey, D.D., Rev. Stephen Yerkes, D.D., John W. Scott, M.D., George Nicholas, Esq., George W. Welsh, James Barbour, Robert P. Jacobs. The oath of office was administered to the newly elected members, viz. Messrs. Edward P. Humphrey, George W. Welsh, James Barbour, Robert P. Jacobs and George Nicholas. The minutes of the last meeting of the Board were read and approved. The Financial Report, and in connection with it the Report of the Auditing Committee, were read and approved, and are as follows. (For the Financial Report see book containing Financial Reports.) Report of Committee on Financial Statement from April 1, 1882, to April 1, 1883. As members of the Committee appointed by the Board of Trustees of Centre College to examine and report as to the annual financial statement of Ormond Beatty, L.L.D., Secretary of said Board, we state each for himself that we have carefully looked into the statement, together with accompanying documents, consisting of financial statement of last year to April 1, bank book settlements, and list assets furnished by Edward W. C. Humphrey, custodian of assets, and vouchers for the expenditures on account of the College. We find the additions and footings correct except in one instance. Paper B, being a list of subscription notes to the endorsement of the College, shows too much by $100, an error in addition, and consequently an error of like amount wherever this item appears in the report.* *Proper corrections have been entered upon the report. �Voucher No. 44, J. C. Nichols, is accompanied by an account against the College for a much larger amount, and the check is for a balance due, $44.40, but it nowhere appears how the remainder has been paid, which should be somewhere explained. Doubtless the Secretary can make such explanation orally. The various statements and summaries show the condition of the College finances so fully that we deem it needless to add anything in explanation. Respectfully submitted, (Signed) John B. Temple A letter was read from Mr. John B. Temple asking to be excused from serving longer on the auditing committee. Dr. John L. McKee read a report on his Evangelistic and Agency work, which was read and referred to a committee consisting of Messrs. Barbour and Jacobs, and is as follows: Danville, Ky., June 13, 1883 I beg leave to report to the Board of Trustees of the Centre College of Kentucky. The report covers nine and onehalf months from June 13, 1882, to April 1, 1883. This change is made that my reports hereafter may correspond in time with the financial reports. I have done what I could to collect what is due from subscribers to the Endowment Fund; have applied in person to those within reach. The subscribers who live at a distance seldom now reply to my letters. They live in New York, Salt Lake, Texas, Kansas, and in this state at Ashland, Bowling Green, Hopkinsville, etc. Since the last report Mrs. Elizabeth Spalding of Lebanon, Ky., has given a legacy bond of $500 to the Board of Trustees. Mr. George Denny, Sr., renews his application for a commutation of his note. I hope the Board may see its way clear to comply with this request. His letter is herewith submitted. I think it would be well for the Board to require the Financial Agent to insist upon settlements, or the renewal of the notes of subscribers, so as to include the interest due, in order that this interest may hereafter be productive. I have preached during the nine and one-half months as follows: In Lebanon as stated supply As Evangelist at Paint Lick, [Ky.] Stevenson Camp Meeting Greensburg, Ky. New Market, [Ky.] Hustonville, [Ky.] Harrodsburg, [Ky.] Williamstown, [Ky.] Franklin, Ind. Lexington, Ky. Lancaster, [Ky.] 74 times 1 2 14 10 1 2 7 36 29 29 $205 Salary at Lebanon, [Ky.] $950.00 Free Will Offerings: Greensburg, [Ky.] New Market, [Ky.] $5.00 $5.00 $100.00 �Franklin, Ind. Lexington, [Ky.] Lancaster, [Ky.] Williamstown, [Ky.] For Collecting $125.00 $54.50 $10.00 $52.75 $1,301.25 Expenses to be thru supplying my pulpit while evangelizing Traveling, room rent, etc. $90.00 $58.30 $148.30 $1,152.35 Total In order to be with my class on Mondays, I changed my preaching place on the 1st of April from Lebanon to Harrodsburg. This arrangement allows me to be out of my pulpit one Sabbath each month, or its equivalent, for evangelistic work or College work - provided I supply the pulpit at my own expense with some acceptable preacher. Respectfully submitted, (Signed) John L. McKee The Faculty Report and accompanying reports on Library, Museum, Scientific Fund, etc., were read, received, and referred to a committee, Messrs. Scott and Yerkes. The reports are as follows: Report of the Faculty of Centre College for the year ending June 21, 1883 Faculty Since our last report there have been no changes in the Faculty; and we are glad to say that all the members have been able to discharge their duties regularly, with scarcely an interruption during the year. Reports The accompanying reports and papers, to wit, the Financial Report, reports on the Library and Museum, on the Library and Chemical Funds, copy of catalogue, etc., will furnish the Board full information on the matters to which they relate. Degree of A.B. The Faculty recommend that the degree of A. B. be conferred on the following members of the Senior Class: George H. Barbour, Benjamin F. Blakeman, John Burgin, John Cowan, George C. Cowles, Hugh C. Grant, William K. Massie, Clarence McAlister, Leila S. McKee, James L. McKee, Charles W. Metcalfe, Worden P. Nicholas, Robert L. Pulliam, Margaret E. Randolph, Henry C. Read, Peter G. Smoot, Theodore Tunis, Union Worthington. The two ladies of the class, who have completed the course with great credit to themselves, are specially and strongly recommended for the degree of A.B., with the conviction that no harm will result to the institution. �Certificate The Faculty recommended that the Certificate for the completion of the Scientific Course of study be conferred on the two following gentlemen: J. W. Bell, Speed S. Fry College Home The College Home is still under the same management, which is entirely satisfactory to the Faculty and to its patrons. It has accommodated twenty-six students during the year. Students The Catalogue shows a noteworthy increase of students over the number last year. They have exhibited average diligence in study and an almost exceptional correctness of deportment, so that discipline has had to be exercised very seldom and very lightly. Preparatory Department There has been no change in the management of the Preparatory Department. The Principal receives all the proceeds of the school and employs his own assistant, so that the institution entails no expense on the College, while it continues under the general direction of the Faculty. Religious Instruction This has been conducted on the same plan as last year. Dr. McKee delivers morning lectures on the Bible at the beginning and end of the session, covering a period of about three months in all. During the remainder of the session each class has a recitation of one hour in the Bible once a week with a member of the Faculty. The students are thus held to the same accountability in this as in their other studies, and the result is more thorough preparation of the lesson and a more abiding impression on the mind. Some religious interest was manifested during the year and four students united with the church. A.M. Honorary It is recommended that the honorary degree of A.M. be conferred on Prof. John L. Irvine, of Lancaster. All of which is respectfully submitted, (Signed) Alfred B. Nelson, Secretary Faculty The report of Prof. John C. Fales on the Scientific Fund for the year ending June 1, 1883, shows Income Expenditures Balance $110.00 $90.10 $19.90 The report of Prof. Fales on the Museum makes the following exhibit: Previous entries 2,717 �Added specimens in zoology Added specimens of fossils Added specimens of minerals Total 3 10 5 2,735 The report further states that there is on hand a considerable amount of material still unclassified. The report of the Librarian, Prof. John C. Fales, is summarized as follows: Number volumes in last report Added during the year, bound volumes Added during the year, unbound volumes Total in Library June 1, 1883 4,710 119 16 4,845 The Librarian states that the card catalogue is in a good state of advancement and will probably be completed in another year. He further reports that a large number of valuable books need rebinding to prevent their injury beyond repair, and that the reviews and journals are suffering from want of binding. Reasons for non-attendance at this meeting of the Board were given by letter and otherwise by Messrs. Temple, Ernst, Hendricks, Allen, Warren, Christie, and Hays, and the Secretary was directed to note the fact. Dr. Hays also tendered his resignation as a member of the Board. The Board directed the Secretary to make a special report of the resignation to the Synod at its next meeting. A letter from Rev. Heman H. Allen, D.D., an absent member of the Board, relating to the introduction of one or more of the Christian Classics into the College curriculum was presented, and the letter and the subject were referred to the Faculty of the College, who are directed to report upon the subject to the Board at its next regular meeting. The Board then adjourned to meet at 9 o'clock tomorrow morning. 9 a.m. Wednesday, June 20, 1883 The Board reassembled. The minutes of yesterday were read and approved. The report of the committee on the Faculty Report was received, adopted, and is as follows: The Committee to whom was referred the report of the Faculty and accompanying documents, beg leave to report that they have examined the same and recommend the acceptance and approval thereof, with the exception that they are not prepared to recommend the granting to the two young ladies, members of the Senior Class, the usual degree of A.B. without expressing an opinion in regard to this matter, the Committee refer this question back to the Board for their action. All of which is respectfully submitted. (Signed) John W. Scott, Stephen Yerkes In accordance with the recommendation of the Faculty the degree of A.B. was conferred on the sixteen young gentlemen, members of the Senior Class, named in the Faculty Report. The same degree was conferred upon two �young ladies, Misses McKee and Randolph, who had completed their course in the regular college classes, with the explanations embodied in the following paper: The President is to state, at the time of conferring the degree, that the Board regards these cases as altogether special, and that the College is not hereby to be considered as committed to any new line of policy in the work of education. Certificates were conferred upon Messrs. Bell and Fry. The Honorary degree of A.M. was conferred on Prof. John L. Irvine, of Lancaster, Ky. The degree of A.M. in course was conferred on the following gentlemen: Charles S. Douglass Rev. Edward L. Warren George C. Cohen Dr. Archibald O. Burton Richard P. Ernst John R. James Henry T. Lyttleton James M. B. Birdwhistell Class of 1860 Class of 1873 Class of 1874 Class of 1876 Class of 1878 Class of 1878 Class of 1880 Class of 1880 The degree of D.D. was conferred upon Rev. J. B. Hendrick, of Flemingsburg, Ky. Rev. A. Van Der Lippe, of St. Louis, Mo. Rev. William H. Cooke, of Wheeling, W. Va. These degrees were conferred unanimously. The salaries of Profs. Cheek and Redd were increased to $1350 each per annum, to begin with September 1, 1883. The following resolution in regard to the agency work of Dr. McKee was adopted: Resolved that the Financial Committee be directed to confer with Dr. McKee and the President and Faculty of the College, and endeavor to make an arrangement with Dr. McKee to devote as much of his time as may be practicable to visiting the churches and people of Kentucky, with a view to procuring students and the enlargement of the Permanent Fund of the College; the question of compensation and all necessary arrangements to be left to the sound discretion of the Financial Committee. The report of the Committee on Dr. McKee's report was accepted, adopted, and is as follows: The Committee to whom the report of Vice President McKee has been referred recommends the approval of all of said report except so much thereof as relates to the commutation of Mr. George Denny's note. As to that matter we are not prepared to propose action, and therefore suggest that the same be referred to the Financial Committee in connection with Messrs. Robert P. Jacobs and William H. Kinnaird. �(Signed) James Barbour, Chairman The following resolution in regard to further endowment of the College was adopted: Resolved that in the judgment of this Board, the time has come when an effort should be made for the further endowment of the College. The Board therefore earnestly request the Synod of Kentucky to advise and authorize an application to the friends of the College in this state and elsewhere for an additional endowment to be named by the Synod, and that the Synod appoint a committee to unite with a committee of this Board in an appeal to the friends of learning and religion to contribute liberally to this object; and that this joint committee shall appoint and commission one or more agents to carry out the purposes of this resolution. The Secretary is requested to lay this resolution before the Synod. The Committee on investment was reappointed for the ensuing year Messrs. Ormond Beatty, George W. Welsh, and Robert P. Jacobs were appointed the Financial Committee The committee on repairs was reappointed for the ensuing year Messrs. Robert P. Jacobs and George W. Welsh were appointed the Auditing Committee The following resolution in regard to Mrs. Shelby was adopted: Mrs. Mary Steele Shelby having made application to the Board to release the mortgage on about seventy acres of the land in Lincoln County, Ky., to secure a debt of twelve thousand dollars in case she makes a sale of said land, the matter is referred to the Financial Committee of the Board with power to act as they think prudent under the circumstances; and in case the Financial Committee agree to make said release, Ormond Beatty as attorney in fact of this corporation is authorized to make the release on the margin of the proper record. It was resolved that when the Board adjourned it shall be to meet in the basement of the Second Presbyterian Church in this place at 4 p.m. on Tuesday before the third Thursday in June 1884. The Secretary reported that in answer to a telegram sent by him to Dr. Blanton, Chancellor of Central University, informing him that this Board had appointed a committee to confer with a like committee, should one be appointed, by the Board of Control of Central University "in reference to the joint action and control of this College and said University and the general interests of Presbyterian education in Ky.", he had received a telegram from Dr. Blanton informing him that the Board of Trustees of Central University had adjourned and the members scattered before the dispatch from Danville had been received. Since that time the Secretary has received no further communication in relation to the subject. The minutes of the Board were read and approved, and the Board then adjourned to meet at the call of the Chairman or Secretary during the sessions of the Synod in October next, should a meeting be considered necessary or desirable at that time. The meeting was closed with prayer by the Chairman. Ormond Beatty, Secretary 4 p.m., Danville, Ky., June 17, 1884 The Board of Trustees of Centre College met pursuant to adjournment and was opened with prayer by Dr. Yerkes. There were present: Rev. Edward P. Humphrey, D.D., Rev. Stephen Yerkes, D.D., Rev. John W. Pugh, Rev. Thomas �H. Cleland, D.D., Dr. John W. Scott, Messrs. George Nichols, William Ernst, Robert P. Jacobs, William H. Kinnaird. The minutes of the last meeting were read and approved. The Financial Report for the year ending April 1, 1884, with the report of the auditing committee to which it had been referred, was then read, received and adopted. The Secretary was directed to place upon his minutes a statement making the proper explanation of Nichols account to which allusion was made in the report of the auditing committee last year. The following is the explanation: Mr. Nichols was the renter of a dwelling house from the College. His rent was paid in work done on the College property. When he presented his account for work done the Committee on repairs were not willing to accept it as presented. It was finally adjusted by compromise, the College paying the sum named in the Financial Report of 1882-1883. All the papers were in the hands of the auditing committee at the time of their report, and are now on file. The Faculty Report, with accompanying papers, was then presented, and is as follows. The Faculty of Centre College would beg leave to make to the Board of Trustees, and through them to the Synod of Kentucky, the following report as to the internal condition of the College for the academic year ending June 19, 1884. Faculty It is with grateful pleasure that we are able to report that every member of the Faculty has been at his post and at his work without interruption during the past year. No changes have occurred in the body. Students We are glad to be able to report a considerable increase in the total number of students above that of last year. The number reported last year was 156, the present year 191; total increase, 35 - most of which was in the Preparatory Department. The year has been exempt, to an unusual degree, from disorder, and in not a single case has severe discipline been found necessary. Habits of study have been good. No deep religious feeling has at any time pervaded the body of students, yet the Young Men's Christian Association has been active and done much good. Religious meetings of considerable interest have been held at various times during the year by several different denominations in town, and six or eight students have joined the various churches, five of them connecting themselves with the 2nd Presbyterian Church. One of them appears to have made up his mind to enter the ministry. Five young men under the care of the Board of Education are connected with the College, and perhaps as many more connected with our own or other denominations have the ministry in view or at least under consideration. The College Home Has been under the same management as last year. It has been unusually well filled during the year. At one time not a vacant bed was found in the building. It looks as if it would be necessary to provide additional accommodations or to refuse applications for admission into it. �Preparatory Department Has been unusually prosperous during the past year. Arrangements have been made to have it conducted under the same auspices this year as last. Curriculum The Faculty desires to call the special attention of the Board to some important changes that are proposed in the College curriculum. The scheme of studies, which if agreeable to the Board, we propose to adopt next year, is exhibited in the annual catalogue to which we beg to refer you. The most important change which is proposed is the introduction of a four years' Scientific Course, leading to the degree of B.S. To carry out this scheme will require considerable additional labor on the part of the Faculty, which they have, however, voluntarily consented to take on themselves. Lectures The College classes were favored last winter with a short course of lectures by Dr. McMurtry on Physiology and Hygiene, which we think were of great value to the students and in which they seemed to take a special interest. They were delivered gratuitously and the thanks of the Board, we think, are due to Dr. McMurtry for his kindness. We hope that arrangements can be made the ensuing year for other lectures upon interesting topics. Degrees The Faculty would recommend that the degree of A.B. be conferred on the following young men, members of the Senior Class: Marcus M. Allen, Henry K. Bourne, Boyle G. Boyle, Clarence K. Crawford, Joseph L. Davis, George Z. Dimmitt, William E. Knight, Robert G. McKee, George E. Moore, Cleon C. Owens, Augustus Rogers, Fouchee W. Samuel, William P. Sandidge, William R. Stout, William A. Tribble. And that a certificate be granted to L. L. Bridgeforth Christian Classics The attention of the Faculty was called by the Board at its last meeting to the subject of Christian Classics and the propriety of their introduction as textbooks into the regular curriculum. Prof. Redd was requested to investigate the subject and report to the Faculty. His report is herewith submitted and made a part of this report. If the Board should insist upon their introduction, the Faculty will endeavor cheerfully to execute its wishes, and a plan is suggested by Prof. Redd for carrying out such a scheme. But candor compels us to say that we do not think any good is likely to flow from the change. Museum, Library, etc. Reports on the Museum, Library, etc., are herewith submitted, and will explain themselves. Commencement of Term The Faculty have, as they think, seen a good many inconveniences arising from beginning our term on Monday, and would respectfully suggest that the time for the opening of the term be changed from the first Monday to the first Wednesday in September. This will not change the length of the term. �Other important information will be obtained from the annual Financial Report and the catalogue which are herewith submitted. On behalf of the Faculty, Very Respectfully, (Signed) Ormond Beatty The following is the Librarian's Report: To the Honorable Board of Trustees of Centre College of Kentucky: Gentlemen - The following report is respectfully submitted, as showing the condition of the Library at the close of the current scholastic year: Books added by donation Books added by purchase Number at beginning of year Total Pamphlets received during year 72 38 4,845 4,965 78 A large number of magazines, journals, quarterlies, etc., having accumulated during many years, it was thought advisable by the Faculty that a beginning be made in binding them for preservation. In obedience to this 130 volumes were sent to the bindery. The Librarian regrets that the pressure of other work has made it impossible to finish the card catalogue. It gives him pleasure to add that the part already prepared has proved of great service to the students during the past year. Respectfully, (Signed) John C. Fales, Librarian The following is the Report on the Museum: To the Board of Trustees of Centre College of Kentucky: Gentlemen: The following report represents the additions to the Museum during the past year: Number of entries at beginning of year Added as follows: Minerals Fossils Plants Archaeological Total entries at close of year 2,735 69 9 55 5 2,873 Very respectfully, (Signed) John C. Fales, Prof. in Charge The report of Prof. John C. Fales on the Scientific Fund shows �Amount received Amount expended Balance on hand $129.80 $61.06 $68.74 The report on Christian Classics is as follows: To the Board of Trustees of Centre College: As the question has been raised touching the expediency of introducing the Christian Classics into our College, it may be proper that I make the following report: This "Series of Christian Greek and Latin" writers owes its origin to an endowment by Benjamin Douglass for the study of these authors in Lafayette College. Each volume - "An Apology for Christians" by Athenagoras; "The Ecclesiastical History" of Eusebius; "The Select Works" of Tertullian; Latin Hymns; and the "Apologies" of Justin Martyr - has been carefully prepared and edited by Prof. F. A. March. Some years ago there was at Lafayette a four years' course of Christian Greek and Latin, elective with heathen. Students of theology were emphatic in speaking of the advantages that the studies offered. Withal, Prof. Coffin and other professors and students were hostile to the course, and even unwilling to place it on the same footing with the heathen. This complete course was supported by Mr. Douglass, and when he was unable to pay the salaries of the professors, the course was abandoned. At present all students for the degree of A.B. are required to take Christian Latin one term and Christian Greek another term. Christian Latin is elective with other Latin in the Senior year. "This course," says Prof. March, "gives rise to no hostility, and it measurably answers the same purpose." We might then, as far as practicable, adopt the present course of Christian classics at Lafayette, devoting one term to them in each department, and thus widen the study of the ancient world. According to our present arrangement of studies, it might not be wise to attempt more immediately. At all events, it seems to me, that the introduction of these studies into our colleges must be gradual, and thus we shall avoid all embarrassments and be better able to appreciate their merits and influence. I am also of the opinion that our course will be in every way equally good, and that our students will leave College that after the decadence of Hellenic literature a greater importance was attached to the Greek literature of Christianity. Very respectfully, John W. Redd, Prof. of Greek The following is the statement made by the Professor of Natural and Physical Science in regard to the needs of his department. To the Board of Trustees of Centre College: Gentlemen, the professor in charge of the Department of Sciences desires to present some facts, in relation to the Department for your consideration. �1. 2. 3. The total amount of funds yearly furnished for use amounts to $110. This must answer for sustaining and improving the physical and chemical laboratories and pay for labels, alcohol, botanical paper, etc., for the Museum. The cases in the Museum are becoming crowded and will soon need enlargement. Some necessary changes in the laboratory are demanded for the work crowded into it. Heretofore when needed the Professor has made them himself, but as a row of analytical tables are now called for, he does not feel that he can undertake the work of putting them in with his own hands. There is a great lack of apparatus, some still needed in the chemical laboratory, but a much larger quantity in the physical, especially such as are needed in the study of electricity which, from the accuracy required in its manufacture is much more expensive than in other branches. The question of supplying these wants is respectfully submitted for your consideration. (Signed) John C. Fales, Prof. At the suggestion of the Chairman the Faculty Report, with accompanying papers, was taken up for consideration item by item. A motion was then made and adopted, as follows: moved that that portion of the report of the Faculty relating to the need of increased accommodations in the College Home be referred to the Financial Committee to ascertain the probable cost, and suggest ways and means of accomplishing the same. Also an increase in the permanent funds of the College, and that Drs. Humphrey and Scott act with said committee in the consideration of these subjects. On motion the Board then adjourned to meet at 9 o'clock tomorrow morning. 9 a.m., Wednesday, June 18, 1884 The Board reassembled and was opened with prayer by Dr. Cleland. By leave of the Board Dr. McKee was allowed to offer his report on his evangelistic and agency work, which was read and ordered to be filed. It is as follows: Danville, Ky., June 17, 1884 This report covers the time beginning April 1, 1883, and closing April 1, 1884. In addition to my instructions in the College, I have used my best endeavors to collect what is due from subscribers to the endowment fund, and have been more than usually successful, as the Financial Report will show. I have preached as follows: Harrodsburg, as stated supply New Albany, Ind. Shelbyville, Ky. Knoxville, Tenn. Cheviot, O. Total 116 sermons 22 29 45 41 253 In most of the above cases the candidates for church membership were not received until after I left, so I do not know the number of additions. �Income Salary as stated supply New Albany, Free-will Offering Shelbyville Knoxville Cheviot Canvassing for students of Centre College Total $1,100.00 $75.00 $105.00 $170.00 $219.00 $85.00 $1,764.00 Ten percent on collections Expenses Traveling to and from Harrodsburg, including boarding in H. To Brethren for supplying pulpit in my absence Traveling expenses on evangelistic trips Total $75.00 $95.00 $42.50 $212.50 Respectfully submitted, (Signed) John L. McKee Mr. George W. Welsh and Drs. Heman H. Allen and Robert Christie appeared and took their seats. In accordance with the suggestion of the Faculty, it is ordered that hereafter the session shall be opened on the first Wednesday, instead of the first Monday, in September. Mr. W. J. Moore offered in discharge of some small notes he owed the College a deed to a small parcel of land he owned in Danville. The whole subject was referred to the Financial Committee with full power to act in the premises. Mr. Beatty offered his report on the Scott Memorial Fund, which was referred to Mr. Robert P. Jacobs, who reported it correct. See Financial Report The report of Mr. Walton was read and ordered to be put on file. It is as follows: Report of Preparatory Department of Centre College for the Session ending June 13, 1884 Total number students enrolled Number taking classical course Number taking English course Number prepared for Freshman class Tuition receipts to date Spent on repairs of Preparatory building (Signed) J. B. Walton, Principal 115 90 25 25 $2,100.00 $116.85 �The subject of introducing the Christian classics into the curriculum of the College was taken up and discussed at some length, when, on motion, it was resolved that the question of the introduction of the Christian Classics into the course of study in the College be referred to the Faculty with full power to act in the premises. The Committee to whom was referred the subject of the need of increased accommodations in the College Home submitted the following report which was unanimously adopted: We recommend the Board to appoint a committee to inquire into the necessity of enlarging the College Home, suggest plans, estimate expenses, etc., the committee to report to the Board at an adjourned meeting to be held in Louisville at 12 noon of the second day of the next meeting of the Synod of Kentucky. We also recommend that the same committee inquire what amount is necessary to supply the demands of the proposed Scientific Department, and also to suggest the method and way of raising the necessary amount; and in the meantime we recommend the appropriation to Prof. Fales for the Scientific Department out of the ordinary income of the College the sum of $500. Resolved that the committee contemplated by the above report, be the Financial Committee with Prof. Fales added thereto. On motion the following was adopted: Resolved that the Faculty be empowered, and requested to employ such agencies as are within their reach to secure the attendance of new students to Centre College the ensuing term, and to pay for such agencies such sums as in their judgment may be proper. The following honorary degrees were conferred - A. M. on Robert T. Quisenberry, Danville, Ky., D.D. on Rev. John Fenton Hurdy, Class 1862, Emporia, Kansas, D.D. on Rev. Samuel E. Wishard, Danville, Ky., L.L.D. on his Excellency, Gov. J. Proctor Knott The degree of A.M. in course was conferred on the following alumni - Dr. Henry K, Steele, 1844, Denver, Colorado, Dr. James Drummond Burch, 1860, Fort Worth, Texas, Dr. Alexander G. Drury, 1865, Cincinnati, Ohio, William Ayres, 1873, Louisville, Ky., William R. Griffith, 1876, Owensboro, Ky., Robert L. Blakeman, 1881, Danville, Ky., Logan W. Caldwell, 1881, Parksville, Ky., Joseph W. Caldwell, 1881, Parksville, Ky., James F. Greer, 1881, Chaplin, Ky., Benjamin V. Tyler, 1881, Cincinnati, O. In accordance with the recommendation of the Faculty the degree of A.B. was conferred on the fifteen members of the senior class named in the Faculty Report, and a Certificate on L. L. Bridgeforth. On motion it was ordered that the salaries of Profs. Redd and Cheek be each raised to the sum of $1,500 per annum, the increase to begin October 1, 1884. On motion the Faculty Report was approved, and the following resolution, offered by Mr. Pugh, was adopted: Resolved, that this Board has received with great pleasure the proposed addition to the College curriculum of the four years' Scientific Course, and express their hearty approval thereof; and in view of the fact that the Faculty have voluntarily consulted to take upon themselves the considerable additional labor, therefore, resolved, that this Board do hereby express their hearty and grateful appreciation of the generous offer of the Faculty in the premises; and that the Secretary of the Board be instructed to convey this action to the members of the Faculty. Board took a recess to 4 o'clock p.m. Letters were received from Mr. Barbour and Dr. Jones giving reasons for their non-attendance which the Secretary was directed to note in his minutes. �The following resolution in regard to the late Mr. Levi L. Warren was passed and ordered to be printed, and a copy sent to his widow: It becomes the painful duty of this Board of Trustees to record the death of Mr. Levi L. Warren. He has served the College as a Trustee for the period of nearly twenty-two years continuously. He was for many years the custodian of our funds and Chairman of the Committee on Investments. His attention to the interests of the College was constant and faithful, and his contributions to our funds amounted to several thousand dollars - one of those contributions mounting to $10,000 was made at a time and in a way which largely helped to save the College from impending ruin. The Board now leaves upon our records its tribute of respect, gratitude, and affection for his memory. The Secretary is directed to send a copy of this to his family. It was then resolved, that the note held by this Board given by George Denny, Sr., to the amount of $2,800, be referred to the Financial Committee, with power to secure a final adjustment to the same. The following Committees for the ensuing year were appointed: Committee on Investment - Messrs. Temple, Dr. Edward P. Humphrey, Edward W. C. Humphrey, and George Nicholas. Financial Committee - Messrs. Ormond Beatty, George W. Welsh, and Robert P. Jacobs. Committee on Repairs - Messrs. John C. Fales, George W. Welsh, and Guy E. Wiseman. Auditing Committee - Messrs. Robert P. Jacobs and George W. Welsh. The Board then adjourned to meet in Louisville at 12 noon of the second day of the next meeting of the Synod of Kentucky. The meeting was closed with prayer by Dr. Allen. Ormond Beatty, Secretary Louisville, October 17, 1884 Pursuant to adjournment, the Board of Trustees of Centre College met in Louisville and was opened with prayer by the Chairman, Rev. Edward P. Humphrey, D.D. Members present: Rev. Heman H. Allen, D.D., Rev. John W. Pugh, Rev. Stephen Yerkes, D.D., Rev. Robert Christie, D.D., Rev. John Jones, D.D., Rev. Thomas H. Cleland, D.D., George W. Welsh, Dr. John W. Scott, William Ernst, James Barbour, Rev. James P. Hendrick, D.D. The special object of the meeting was stated to be the raising of funds to enlarge the dormitories of the College, to purchase additional apparatus, and to provide other appliances needed by the College. Whereupon the following resolutions were adopted: 7. 8. 9. That the interests of Centre College demand an immediate increase of its funds to the extent of at least $25,000; first for the erection and furnishing of a building for dormitories, and second for the purchase of additional philosophical apparatus and other needed appliances. That Dr. John L. McKee, the Financial Agent of this Board, be requested to undertake at the earliest practicable period the work of raising this sum. And that, with the authority and endorsement of the Synod of Kentucky, he be directed at his discretion to visit the churches within its bounds or elsewhere as may be proper in order to carry out the foregoing resolution, and to promote in every way in his power the interests of the College. That the Board of Trustees will supplement the salary which he now receives as Vice-President and Financial Agent to the extent that he shall receive for his entire services, should he undertake this work, �10. 11. 12. 13. the sum of $2,500 a year in quarterly payments, together with his travelling expenses. Dr. McKee is not expected to abandon or to lessen the services he now renders as an instructor in the College. But the sum of $2,500 is to cover his salary both as an instructor and as an agent of the College. That this arrangement shall be for one year from the time Dr. McKee enters upon this work. Should the agency be continued for a longer period, it will be subject to arrangements to be made by Dr. McKee with the Board. That in matters of doubt or difficulty Dr. McKee be requested to confer with the Financial Committee and receive its aid and counsel in the matter. That this subject shall be laid by the Chairman of the Board before the Synod, with the request that it shall authorize the application for additional funds on behalf of the College to be made in the manner indicated by the Board of Trustees. That this Board regards the Princeton Collegiate Institute as an important enterprise, and its success will give support to the College. The Board then adjourned to meet at the regular time in Danville, at 4 o'clock p.m. on Tuesday before the 3rd Thursday in June next. Ormond Beatty, Secretary 5 p.m. Board reassembled at the call of the Chairman. Rev. William C. Young, D.D., who had just been elected by the Synod, appeared and took his seat. Dr. John L. McKee having stated in open Synod that he was not willing to undertake the work that had been assigned him by the Board, it was Resolved, That the Financial Committee be authorized and empowered to secure the services of an agent for this work to be done under the general direction and supervision of this committee. The Board then adjourned to meet in Danville at 4 o'clock on Tuesday before the third Thursday in June 1885. Ormond Beatty, Secretary Danville, Ky., June 15, 1885 Pursuant to the call of the Chairman, the Board of Trustees met in Danville one day in advance of the regular time of meeting, and was opened with prayer by the Chairman Dr. Humphrey. Members present: Rev. Edward P. Humphrey, D.D. Rev. Stephen Yerkes, D.D. Rev. Thomas H. Cleland, D.D. Rev. James P. Hendrick, D.D. Rev. John Jones, D.D Rev. Robert Christie, D.D. 2nd day Rev. William C. Young, D.D. 2nd day Rev. Heman H. Allen, D.D. 2nd day George W. Welsh William Ernst R. P. Gawles William H. Kinnaird Dr. John W. Scott John B. Temple George Nicholas �The following newly elected members were duly qualified before taking their seats, viz. Heman H. Allen, Robert Christie, William C. Young, S. Yerkes, James P. Hendrick, John B. Temple, and George Nicholas. The minutes of the Board were then read and approved, both those adopted at the meeting in Danville in June last, and in Louisville October 17. The following instructions given to Dr. McKee by the Financial Committee for his guidance in his agency work were then read, viz. The Financial Committee of Centre College, under the authority of the Board of Trustees, conferred at a meeting of the Board held at Louisville October 17, 1884, appoints Rev. John L. McKee, D.D., as Agent to raise funds for Centre College upon the following conditions. 1. 2. 3. 4. 5. 6. A copy of the resolutions adopted by the Board is hereunto appended, as a guide to the Committee and to Dr. McKee in his work. This arrangement between the Committee and Dr. McKee is to continue up to the time of the regular meeting of the Board in June 1885, at which time it shall expire without further notice on the part of either the committee or of Dr. McKee. For this service the Committee agrees to pay Dr. McKee the sum of $500 and his expenses while engaged in this work. He shall be paid out of any cash collections he may make, and if enough is not collected for this purpose the balance shall be paid out of the general fund of the College. It is expected that Dr. McKee will continue his usual instructions in the College, and that his agency work will be suspended long enough to enable him to do this. In making this arrangement with Dr. McKee the Committee does not feel authorized, nor does it intend or desire to change, alter, cancel, or amend in any way any preexisting engagements, contracts, obligations, or agreements of any kind whatsoever between Dr. McKee and the Board of Trustees of Centre College. It is agreed that Dr. McKee shall have one month of his time to fulfill engagements that he may have already made. Dr. McKee shall conduct his agency in such places and in such manner as he may deem best, under the general direction of the Committee. (Signed) Ormond Beatty, Chairman Dr. McKee then read his report on his evangelistic and agency work and on motion the report was recommitted to Dr. McKee, with directions 1. 2. 3. To specify distinctly the amount of the subscriptions recently taken by him and for what objects and; To complete the report and bring it down to the present date, and; To state clearly what work was done under the previous arrangements with the Board, and what under the Special authority of the Committee appointed at the meeting of the Board in Louisville. The following resolution was then adopted, viz. Resolved that Dr. John L. McKee be requested to report in writing to this Board at 9 o'clock a.m. tomorrow morning first, What amount he claims to be due him on Salary; second, The basis of the claim; third, How he proposes that any deficit he claims to exist in his salary is to be paid. �The Board then took recess until 8 o'clock p.m. 8 o'clock p.m. Board reassembled The Financial Report for the year ending April 1, 1885, was read with the endorsement of the auditing committee, that they had examined the report and found it correct. The report was received and approved and the Secretary was directed to make the usual record of it (Book of Financial reports). The Faculty report and accompanying reports on Museum, Library, and Scientific Fund were read, received, and approved, and are as follows. Faculty Report The Faculty of the Centre College of Kentucky would beg leave to submit the following report to the Board of Trustees and to the Synod of Kentucky. It shows the condition of the Institution for the year ending June 18, 1885. Faculty The Faculty has been able to prosecute their work during the session with but little interruption; and that occurred from sickness in their families. Its condition remains as it was. Students The total number of students this year has been 208, against 191 last session, an increase of 17. The Faculty feel justified in regarding them as an exceptionally fine body of young men, as evidenced by the character of their recitations and general good conduct. Discipline has been necessary only on two occasions, and which may be regarded as having their origin in the same offense. The moral and religious character of the students is good, and several additions to churches in town and at the Junction may be reported. Of the Senior Class numbering 10, seven are members of some evangelical church. Two of the number, under charge of the Board of Education, have the ministry in view; and we regret to say that want of means may prevent the return of some who have the same end in view, and who are among the best of our students. College Home The management of the Home remains in the same hands, and has had a successful year. The building needs changing and repairing to some extent, and many of the rooms are so situated as to be very uncomfortable. Preparatory Has been under the charge of Mr. J. B. Walton, as during several years past. Curriculum The change made as an experiment last year in the introduction of a course of study leading to a B.S. degree appears to have worked very well, although a one-year trial is not enough to show its value as a vehicle in mental discipline. �Lectures During the year the series of lectures on Physiology and Hygiene, given last year by Dr. L. S. McMurtry were kindly repeated; and an additional series by Dr. A. W. Johnstone on the Special series were given. Dr. Martin has also occasionally addressed the students on religious topics. Inasmuch as these lectures were given free of charge, and at some inconvenience to the gentlemen, it is suggested that a special note of thanks from the Board might prove gratifying. Degrees The Faculty would recommend that the degree of A.B. be conferred on members of the Senior Class. Harry Lee Briggs Edward Samuel Farrand Benjamin Henry Fields Frank William Grossman Murray Rodman Hubbard Ernest Douglas Martin William Burgess Mathews Nicholas McDowell, Jr. James Allen Williams Garvin Easton Wiseman Also that the degree of A.M. in course be conferred upon Robert W. Knox, M.D., Dwight W. Marble and George A. Joplin. Also that the honorary degree of A.M. be conferred on Robert G. Evans, for several years a student of high grade (except Greek) in Centre College, and afterwards in Johns Hopkins University. A copy of the annual catalogue of the College for 1884-5, and reports on Museum, Library and Scientific Fund are submitted herewith and made part of this report. (Signed) Ormond Beatty Library - Summary Bound volumes received From Hon. J. S. Williams, Public document From Bureau of Education, Public document From Astronomical Ob., Public document War of the Rebellion Hon. J. B. From Dept. of Interior, Public document From Naval Dept., Public document From Treasury Dept., Public document From J. W. Leeds Theater Bought Encyclopedia Britannica Bought Other works From Bureau of Ethnology Total volumes added Previous number 28 vols. 1 1 4 34 2 1 1 3 16 1 92 4,956 5,048 Total Bound Volumes �22 Unbound pamphlets received during the year Respectfully submitted, (Signed) John C. Fales, Librarian Museum Entries at the beginning of the year Entries Minerals 3 Specimens 3 Entries Zoological 109 Specimens 387 Entries Geological 3 Specimens 3 Entries Archaeological 3 Specimens 3 Total 118 Specimens 396 Total entries 2,871 118 2,989 Of the above, 385 Specimens included in the 109 entries of zoological section were obtained by exchanging material with Prof. J. M. Tyler of Amherst. The rest were donated. Scientific Fund Received June 19 Cash balance in hand July and January 1885 Appropriation (part) From Scott Memorial Fund Expended Apparatus - Queen's bills and Transportation Apparatus - Ritchie Lumber - fitting Laboratory Gas fitting Work in Laboratory, etc. Balance due June 18, 1885 $68.74 $350.00 $60.00 $478.74 $434.82 $5.30 $25.00 $11.10 $10.50 $486.72 $7.98 (Signed) John C. Fales The following paper ratifying what Dr. John W. Scott had done in receiving and receipting for dividends of the Lexington and Georgetown Turnpike stock, and appointing him agent for similar service in the future was adopted, viz. Resolved that Dr. John W. Scott be and is hereby appointed Agent of this Board to collect the dividends on stock of Lexington and Georgetown Turnpike Road Company belonging to the Centre College of Kentucky from time to time, as they are declared, and that his action heretofore in collecting the dividends on said stock and receipting for same be and is hereby confirmed, and that this action be certified to said company. �The Financial Committee reported that they had made a sale of three acres of ground lying on the Harrodsburg Turnpike, known as the Fox lot, for $200 an acre subject to the ratification of the Board. The Board confirmed the act of the Committee and authorized and directed the Chairman of the Board to make the proper conveyance of the title upon the completion of the transaction. The following degrees were conferred by the Board (All are recorded here though conferred at different sittings of the Board.) The degree of A.B. upon the graduating class 10 in number. The degree of A.M. in course upon Dr. Robert W. Knox, Class of 1880; George A. Joplin, Class of 1880; Dwight N. Marble, Class of 1882. The degree of A.M. honorary, upon Robert G. Evans; W. B. Shirrell, President of Bethel College, McKenzie, Tenn.; Gelon Hamm, Port Gibson, Miss. The degree of D.D. upon Rev. A. C. Smith of Galena, Ill.; Rev. Robert McKenzie, San Francisco; Rev. John Kerr Campbell, Stirling, Scotland; Rev. George W. F. Birch, New York. The degree of L.L.D. upon Henry D. Gregory, Vice President, Girard College, Philadelphia. The Secretary was directed to convey the earnest and sincere thanks of the Board to Drs. McMurtry and Johnstone and Martin for their lectures and instructions to the classes during the past year, and to Edward W. C. Humphrey, Esq., for his faithful and accurate management of the College bonds, etc., of which he is the custodian, and the interest and dividends on which he has collected and promptly transmitted to the Treasury. Messrs Robert P. Jacobs and George W. Welsh were appointed a committee to inquire in relation to certain monies belonging to the estate of the late David Williams, and to take such steps as may be necessary to protect the interests of Centre College in the matter; and to report to the Board. Messrs. John B. Temple and Robert P. Jacobs were appointed a committee to report to the next meeting of the Board in regard to the Theological Fund, now held by the Trustees of Centre College. The Board then adjourned to meet tomorrow morning at 9 o'clock a.m. Closed with prayer by Dr. Hendricks. Tuesday, June 16, 1885 - Board reassembled The minutes of yesterday were read and approved. Rev. Robert Christie appeared and after having taken the oath of office took his seat as a member. A letter from James Barbour and also from Hon. Tyler T. Alexander giving reasons for nonattendance were read and the secretary was directed to make note of them. The business of the hour was then taken up which was to hear a report from Dr. John L. McKee, which was discussed at some length both by members of the Board and by Dr. McKee, and pending discussion the Board took recess to 3 o'clock p.m. �3 o'clock p.m. Board reassembled After some further discussion of Dr. McKee's report, on motion, the whole matter concerning the proportion of Dr. John L. McKee in reference to his agency work and salary was referred to a committee of three. The Chairman appointed as this committee Messrs. Ernst, Temple and Hendricks. Dr. McKee presented his reports on his evangelistic and agency work which were accepted and are as follows: Report of my Evangelistic and Agency work from April 1, 1884, to November 16, 1884. As stated supply, I preached at Harrodsburg three times a week, except the Sundays I was absent on Evangelistic work at other points as follows: Cynthiana 27 times, Hustonville 18 times, Perryville 23 times, Olivet Church 1 time, and Central Church 1 time -- total 71 times. Income from these sources: Harrodsburg $750.00 Cynthiana $42.00 Hustonville $4.75 Perryville $25.50 Total $822.25 Less board, travelling expenses, and sum paid for supplying my pulpit in my absence $180.67 $641.58 During this period I performed my usual work of instruction in College. submitted (signed) John L. McKee Report of my Evangelistic and Agency work under an agreement with the committee of this Board, commencing November 16, 1884, and ending June 15, 1885. I visited in November and December soliciting money and students, the following places with the annexed results: Perryville from W. H. Mitchell, cash, $400 Perryville from Mrs. E. I. Turpin, 500 The subscriptions of Mr. Mitchell and Mrs. Turpin were given to pay the salary of Vice President. At Perryville Mr. J. M. Crawford subscribed $80 for improving the College Home. He gave four notes $20 each. Bethel Union Church from H. B. Dean, Cash $500 to be used in paying the Vice President’s salary. From Lebanon Church G. P. Newbolt $5.00, A. Cauley $1.25 both to pay Vice President's salary. From Mrs. Laura D. Ray one note for $2,500.00 payable in five years, executed December 2, 1884, "For payment the salary of the Vice President as it may be needed." From A. G. Grundy one note for $1,000, "For the endowment of the Vice President's Chair in Centre College. Should the above sum, or any part thereof remain unpaid at the expiration of five years, then interest to be paid thereon, at the rate of six percent per annum until paid." �Total amount subscribed November and December $4,491.25 Less traveling expenses $8.95 $4,482.30 During this time I preached as stated supply at Harrodsburg four months and a half, three times a week, except the Sabbaths I was absent on Evangelistic preaching, for which I received $450, less board, traveling expenses, and sum paid for supplying my pulpit during my absence $51.88, leaving a net income of $398.12. During this time, I preached at Lafayette Park Church, St. Louis, thirty eight sermons, receiving for the same as free will offerings $200 less traveling expenses of $35.10 - $164.90 - which added to the $398.12 above makes a total of $563.02. Respectfully submitted, (Signed) John L. McKee Under the contract with the committee of this Board, I made a canvass of the following places with the annexed results - commencing first of April 1885. Harrodsburg, for College Home, cash $38.00 Lexington, Miss Lucy M. Scott, one note executed April 16, 1885, with interest until paid $300.00 Dr. Henry M. Skillman, one note executed April 16, 1885, with interest $500.00 Cash subscriptions $200.00 The whole subscription of one thousand, at Lexington is for the improvement of the College Home Frankfort, R. K. McClure, one note $150.00 Frankfort, Mrs. M. M. Barret, one note $500.00 Cash subscriptions $8.00 The Frankfort subscriptions of $658 are for the improvement of the College Home, except the note of Mrs. Barrett which is for the payment of the salary of the Vice President. Cloverport - for the improvement of the College Home, Cash $3.00 Owensboro - Preached as Evangelist 26 sermons - Free will offerings $25.00 Cash subscriptions $170.00 Henderson - Mrs. Susan M. Taylor for Vice President's salary $10.00 Hopkinsville - Cash, College Home $25.00 Bowling Green - T. C. Garrison, one note $250.00 Bowling Green - William Turner, one note $150.00 Bowling Green - Z. T. Williams $100.00 Bowling Green - Cash $18.00 The whole Bowling Green subscription for the College Home Total subscriptions $2,447.00 Less traveling expenses $51.10 $2,395.90 Since the first of April the amount subscribed for V. P. salary $535.00 �Leaving for College Home, $7,015 in June $1,860.90 In the canvass of 1873 two hundred and sixty persons contributed all that was given, except a few small cash donations. In this canvass an earnest effort has been made to get at least $1.00 from all the poorer members of the Synod, and from others in proportion to their ability to facilitate this effort. With the consent of the Faculty I have asked a number of churches severally to contribute $75 each to furnish a room in the College Home and to give $10 annually thereafter to keep up the room, granting to the churches so contributing the privilege of nominating the students who shall occupy the rooms, reserving however to the Faculty the right of selecting from the nominees the persons who shall occupy the rooms, or that candidates for the ministry may have the preference above all others; those who take the regular course over irregulars, and those who remain a longer time over those who expect to remain a shorter time. I doubt not, in this way all the rooms may be furnished. The Board can now safely let out the contract for the new building. The College Home department meets with enthusiastic favor from the churches. Respectfully submitted, (Signed) John L. McKee Rev. Heman H. Allen appeared and after being duly qualified took his seat as a member of the Board. The committee on Dr. McKee's report made their report which having been read and considered was recommitted. The Board then took recess until 8 o'clock p.m. 8 o'clock p.m. - Board reassembled On motion the following was adopted: The Board desires to call the attention of Dr. McKee to the acknowledged importance of the proposed dormitory, and we desire him to make every proper effort to raise a sufficient fund for that purpose within the year to come. The minutes of the Board were read and approved to this point. The committee on Dr. McKee's report made a report which was considered, amended and adopted seriatim; and submitted to Dr. McKee for his acceptance. The Board then adjourned to meet tomorrow morning at 9 o'clock a.m. Wednesday, June 17, 1885 - Board reassembled. Rev. William C. Young, D.D., appeared and, after qualifying, took his seat as a member of the Board. The following standing committees were appointed for the ensuing year: Financial Committee - Messrs Ormond Beatty, George W. Welsh, and Robert P. Jacobs. Committee on Repairs - Messrs John C. Fales, George W. Welsh and Guy E. Wiseman. Auditing Committee - Messrs Robert P. Jacobs and George W. Welsh. Committee on Investments - Messrs John B. Temple, Edward P. Humphrey, Edward W. C. Humphrey, and William C. Young. �Dr. Hendricks reported to the Board that Dr. McKee was not willing to accept the paper in regard to his agency work, salary, in the form it was adopted yesterday. A motion was then made and carried to reconsider the motion to adopt the aforesaid paper. The report then came again before the Board for consideration, and on motion the 7th article was made the 6th and the 6th was made the 7th article, and the whole paper was directed to be again submitted to Dr. McKee; and Dr. Hendricks requested to carry the paper to him for his signature. The Board then adopted the following resolution: Resolved, that the Board of Trustees instruct Dr. McKee that he shall give at least one half of his time to teaching and religious instruction in the College, and that this resolution be communicated to Dr. McKee by Dr. Hendricks. A communication was read from the Rev. Dr. Martin addressed to the President of the Board, after which the following resolution was adopted, viz. resolved that this Board approves the suggestion of Dr. Martin in regard to a gymnasium, and respectfully commends the subject to the generosity of the Alumni and friends of the College; and requests Dr. Martin to take the matter in hand. The following resolution was also adopted: Resolved, that in the judgment of the Board it is a highly important duty that every member of the Faculty should set an example of uniform and prompt attendance upon morning prayers and other religious services of the College; and the Faculty are directed in their annual report to state how this duty has been performed. Board then took recess until 3 o'clock p.m. 3 o'clock p.m. Board reassembled. Dr. Hendrick reported to the Board that he had submitted to Dr. McKee for his acceptance the paper adopted yesterday touching his salary, evangelistic work, etc., and that Dr. McKee had accepted and signed the resolutions; and that he would also respect the order of the Board in regard to the time he would give religious and other instruction to the students. The paper as finally adopted is as follows: The Special Committee to who was referred the proportion of Dr. John L. McKee in reference to his agency and evangelistic work and methods for the payment of his salary have carefully considered the same and respectfully report the following recommendations: 1. 2. 3. That from the 1st of April 1885 and thereafter no deficit between the amount that Dr. McKee may receive as salary from the sources hereinafter named, in any one year, and the sum of $3,500 shall be recognized by this Board; and no authority shall be given to Dr. McKee to appeal to the churches in the name of this Board to make up such deficit or deficits. That during three years from this date, Dr. McKee may, and is hereby authorized, in connection with the effort now being made through his agency to raise $25,000 with which to erect and furnish new dormitory buildings, purchase philosophical apparatus, and increase the general funds of the College, solicit from the churches and public in general, funds to complete the endowment of the Vice President's chair and to pay the amount of $5,602.04; that being the difference between the sum actually received by Dr. McKee from the 1st of April 1878 to 1st of April 1885, and the amount that $3,500 a year for the same period would amount to. That at the end of said period of three years, any deficit of salary that may then remain shall be abandoned and cancelled and no further efforts be made to receive it. And further, if at the end of said 3 �4. 5. 6. 7. years the endowment of the Vice-President's chair shall not be completed further effort in that direction shall not be made unless specially directed by the Board of Trustees. The annual salary of Dr. McKee hereafter, that is from the 1st of April 1885, shall be, 1st, The income realized from the fund for the endowment of the Vice-President's chair; 2nd, From the voluntary offerings of the churches with which he may labor and from individuals in sympathy with his work; 3rd, Ten percent commissions in collection of subscriptions. But in the event that the income from these sources shall exceed the sum of $3,500 in any one year after the expiration of the 3 years, the excess shall be paid to the College. The duties to be performed by Dr. McKee in the College, the time to be given to them, and the time that may be given by him to work among the churches in preaching, soliciting students, and in this way seeking to promote the interests of the College shall be determined from time to time by the Board of Trustees. It is distinctly understood that this arrangement shall continue after the expiration of three years, or be modified or abolished at the pleasure of the Board. This arrangement is to be considered and accepted by the Board and by Dr. McKee as a settlement of all questions of salary, etc., about which differences have arisen between them and as superseding all prior arrangements or contracts, recorded or unrecorded, inconsistent with this paper. (Signed) William Ernst, John B. Temple, James P. Hendrick With the endorsement I accept the foregoing action. (Signed) John L. McKee The following resolution was then offered and adopted: Resolved, That the Financial Committee is hereby authorized, if Dr. McKee will accept the same, to surrender to him the note of $3,500 owing by him to the College and which, together with the expectation of a legacy of $2,000, of which he has spoken in the Board, and which he expects to receive from a friend in the city of Louisville, in aid of his work in connection with the College, is to be surrendered to him in satisfaction of the deficit of $5,602.04 in his salary, mentioned in the paper this day passed by the Board and signed by Dr. McKee. And if Dr. McKee accepts this arrangement the provision of said paper so far as authorizing Dr. McKee to make any effort to secure said deficit, is to be regarded as null and void. In the event that the above arrangement is effected, Robert P. Jacobs is appointed and authorized to execute a proper release of the mortgage that the College holds on the house of Dr. McKee as security for his note. The Board then adjourned to meet in Danville at 4 o'clock p.m. on Tuesday before the third Thursday in June 1886. Closed with prayer by Rev. Dr. Christie. Ormond Beatty, Sec. Members of Board of Trustees elected by the Synod at a meeting held at Covington October 21-24, 1885, viz. Rev. Edward P. Humphrey, D.D., L.L.D.; Rev. William C. Condit; George W. Welsh, Esq.; William Ernst, Esq.; James Barbour, Esq.; and Robert P. Jacobs, Esq. Their terms of service will expire 1888. Louisville, Ky., December 22, 1885 The Board of Trustees of Centre College met at the Chapel of the College Street Presbyterian Church at 7:30 p.m. in pursuance of the call of the Chairman. Present: Rev. Stephen Yerkes, D.D., James P. Hendrick, D.D., William Ernst, James Barbour, Dr. John W. Scott, Rev. William C. Young, D.D., Edward W. C. Humphrey, John B. Temple, Dr. �Thomas H. Cleland. James P. Hendrick was chosen Chairman pro tem and John B. Temple pro tem secretary. On account of the condition of the health of Rev. Edward P. Humphrey, D.D., and on his invitation the Board adjourned to assemble immediately at his residence where he and Dr. Thomas H. Cleland a member of this Board were met. The following persons recently elected were duly sworn as members of the Board as required by the Charter, viz. William Ernst, James Barbour, Edward W. C. Humphrey, and Edward P. Humphrey. The Board then proceeded to the election of a permanent Chairman, which office became vacant by the expiration of the term of service of Dr. Humphrey, whereupon Rev. Edward P. Humphrey, D.D., L.L.D., was re-elected and was then sworn as Chairman of the Board of Trustees of Centre College. The letter of resignation of Hon. Ormond Beatty, L.L.D., as President of Centre College, dated June 10, 1885, was read to the Board, and reasons submitted for its retention with consent of Dr. Beatty. After remarks by members of the Board it was Resolved, That the resignation of Dr. Ormond Beatty as President of Centre College be accepted - the resignation to take effect on the election and qualification of a successor to Dr. Beatty; and that a committee of which the Chairman of the Board shall be chairman, be appointed to prepare a minute expressive of the sentiments of this Board in regard to the value of Dr. Beatty's services to the College in the past, and their regret that he feels it necessary to sever his connection with it. William Ernst and Dr. John W. Scott were added to the committee. On motion Dr. Edward P. Humphrey, Dr. Thomas H. Cleland, and John B. Temple were appointed a committee whose duty it shall be, by correspondence and other means, to obtain all the information they can in reference to a suitable successor to the presidency of the College; and that all communications, expressions of preference, or other information relating to this matter be referred to said Committee. On motion it was resolved that the following members of this Board be, and are hereby appointed a committee to consider the matter of providing Theological instruction in connection with Centre College, to wit: James P. Hendricks, D.D.; Stephen Yerkes, D.D.; William C. Young, D.D; and James Barbour and Robert P. Jacobs, Esquires, who shall report to the next meeting of this Board. Resolved that when this Board adjourns it shall adjourn to meet at the same time that the Board of Directors of the Danville Theological Seminary meets in April 1886. The following petition numerously signed by the Faculty, the students and alumni of the College was presented by Dr. Yerkes, viz. To the Board of Trustees of Centre College Gentlemen: We, the undersigned, connected with Centre College, as members of the Faculty, students, and alumni respectfully present for your favorable consideration the following petition: 1. In view of the fact that fifty students of the College have subscribed one dollar apiece toward buying the necessary apparatus for a gymnasium, but have been unable to carry out their plan because they could not obtain a suitable room, we ask that you will authorize the Faculty to select from the pupils and alumni of the College a committee of thirteen, said committee being empowered to raise funds to build a suitable gymnasium and to equip the same with the necessary apparatus. �2. 3. 4. That this committee shall have the power to organize a gymnasium association by adopting a constitution and by-laws, and the election of officers to regulate the institution, so as to secure the property and promote its efficiency. That this association, and this committee, shall be at all times under the control and supervision of the Faculty in all their actions. That if this petition shall be granted said petition, with your action approving thereof, shall be written in the official records of the association as the history of its origin and the law of its existence. Whereupon it was resolved that the prayer of the petition be granted, with proviso that the gymnasium and its managers shall be under the ultimate control of the Board of Trustees of the College. The Board then, on motion, adjourned to meet in Danville on the 13th day of April 1886. Attested by John B. Temple, Secretary pro tem; Signed by Edward P. Humphrey, Chairman A true copy, Ormond Beatty, Secretary Danville, Ky., June 15, 1886 Pursuant to adjournment the Board of Trustees met in the session room of the 2nd Presbyterian Church at 4 p.m. The following members were present: Rev. Thomas H. Cleland, D.D., William H. Kinnaird, Esq., Edward W. C. Humphrey, Esq., John W. Scott, M.D., Rev. Heman H. Allen, D.D., Rev. William C. Young, D.D., Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, D.D., George Nicholas, Esq., Rev. William C. Condit, George W. Welsh, Esq., James Barbour, Esq., William Ernst, Esq., Robert P. Jacobs, Esq. In the absence of the Chairman of the Board, Rev. Edward P. Humphrey, D.D., James Barbour, Esq., was elected Chairman pro tem., and the meeting was opened with prayer by Dr. Yerkes. On motion Rev. W. C. Condit was appointed assistant secretary, pro tem. The minutes of the last regular meeting of the Board held in Danville, June 15, 16 and 17, 1885, and also the minutes of the meeting held in Louisville December 22, 1885, were read and approved. The Financial Report was read in part, but the reading was suspended in order to hear the report of Dr. McKee in regard to his Evangelistic and Agency work. After Dr. McKee's report was presented, the reading of the Financial Report was resumed and completed. Dr. McKee's report is as follows: Danville, Ky., April 1, 1886 Annual Report of Evangelistic and Agency Work. At the request of the Board, my report in last June was made in three parts, viz. Part 1st, from April 1, 1884, to November 16, 1884; Part 2nd, from November 16, 1884, to April 1, 1885; and Part 3rd, from April 1, 1885, to June 15, 1885. Part 1st was correct. The report was made out hurriedly, and there were a few slight errors in Parts 2nd and 3rd. Therefore this report commences at November 16, 1884, and continues to April 1, 1886, covering Parts 2nd and 3rd of last report. �November 16, 1884 - Under an agreement with a committee of this Board, I commenced my agency this date. Salary of Vice President, Notes December 3, 1884 Mrs. L. D. Ray, one note payable in five years with interest from date $2,500.00 April 27, 1885 Mrs. M. Barret, one note payable in ten years with interest from date. $500.00 Endowment of Vice President's Chair December 1884 A. J. Grundy, one note payable in five years without interest. $1,000.00 Salary of Vice President - Cash Donations November 1884 W. H. Mitchell $400.00 November 1884 Mrs. E. J. Turpin $500.00 December 1884 H. B. Dean $5.00 December 1884 A. Canby $1.25 Contra $911.25 December 31, 1884 Traveling expenses November and December $8.95 February 27, 1885 paid Dr. Ormond Beatty $500.00 $508.95 $402.30 Free Will Offerings February 1885 Lafayette Park Church, St. Louis, less traveling expenses $35.10 $164.90 April 1, 1885 Four and one half months' preaching at Harrodsburg, less traveling and incidental expenses $76.10 $373.90 $538.80 For Improving College Home November 1884 J. M. Crawford - four notes $80.00 Preached at Harrodsburg - Sermons 36 Preached at other points - Sermons 48 Annual Report from April 1, 1885, to April 1, 1886 Salary of Vice President - Cash Donations May 1885 Miss B. H. Anthony $20.00 �May 1885 Mrs. Susan Taylor $10.00 July 1885 James Curry $100.00 July 1885 Wellington Harlan $2.00 November 1885 William Sumner $100.00 December 16, 1885 Received of Ormond Beatty from Mrs. Ray - interest $150.00 December 16, 1885 Interest and principle in part from Mrs. Barret $100.00 January 1886 William Hubbard $50.00 April 1, 1885 Balance brought forward $402.30 $934.30 December 23, 1885 Received of Ormond Beatty $500.00 $1,434.30 April 24, 1885 Paid Ormond Beatty $11.25 $1,423.05 Free Will Offerings May 1885 James Weir $20.00 May 1885 Owensboro Church $25.00 June 1885 Somerset $24.00 July 1885 Harrodsburg $15.00 August 1885 Midway Church $65.00 September 1885 Caney Fork $7.00 November 1885 Richmond $10.00 February 1886 1st and 2nd Presbyterian Church, Kansas City, less traveling expenses $188.85 $354.85 For Improving College Home - Notes April 1885 Harrodsburg Church $38.00 April 1885 Lexington Church $200.00 April 1885 Lancaster Church $16.00 April 1885 Frankfort Church $8.00 May 5, 1885 Cloverport Church $3.00 May 5, 1885 Owensboro $130.00 May 24 1885 Hopkinsville $25.00 June 1885 Bowling Green $18.00 July 20, 1885 Harrodsburg $3.00 August 17, 1885 Mt. Sterling $7.00 �November 1, 1885 John A. Simpson $100.00 November 1, 1885 J. C. Hanauer $5.00 November 5, 1885 Mrs. W. H. Porter $30.00 November 24, 1885 Judge John W. Barr $25.00 November 24, 1885 A. P. Humphrey $100.00 November 18, 1885 R. Knott $5.00 November 18, 1885 Mrs. G. E. Moody $5.00 November 18, 1885 Miss Hallie Quigley $20.00 November 18, 1885 G. E. Simonson $10.00 November 18, 1885 John B. Temple $25.00 November 18, 1885 College St. Church (in sums less than $5) $27.00 $800.00 Contra June 15, 1885 Traveling expenses April 1 to date $51.88 December 12, 1885 Traveling expenses June 15 to date $55.13 $107.01 $692.99 All the foregoing sums were paid to Ormond Beatty. General Fund - Notes November 1885 William Ernst - one note payable in five equal annual payments, without interest $5,000.00 Furnishing College Home Rooms - Cash September 18, 1885 Mamie Hawkins' Class $15.00 September 9, 1885 Mrs. James Weir $75.00 December 1, 1885 $47.50 February 12, 1886 Mamie Hawkins' Class $26.00 March 26, 1886 Mamie Hawkins' Class $9.00 $172.50 Contra October 1885 John Wanamaker for 5 ash wardrobes $55.00 October 1885 One double ash bedstead $4.60 January 1, 1886 Setting up 5 wardrobes $1.25 �January 1, 1886 5 sets castors $1.25 January 1, 1886 Welsh and Wiseman for carpets $63.78 $125.88 $46.62 The $500 paid me for Agency Work from November 16, 1884, to June 15, 1885, was taken exclusively from donations to the salary of Vice President. The $500 given by Mrs. John McElroy as a present to my wife, deducted from the deficits in salary. From April 1, 1885, to April 1, 1886, I preached as follows: Harrodsburg 9 Times April Lexington 3 April Lancaster 3 April Frankfort 3 May Cloverport 4 May Owensboro 26 May Hopkinsville 3 May Franklin 1 May Bowling Green 3 June Warren Memorial 1 June Somerset 19 July Second Presbyterian Church Danville 2 July Briartown 1 July Harrodsburg 2 July Somerset 1 August Midway 28 August Mt. Sterling 3 August Caney Fork 27 October Second Presbyterian Church, Danville 1 October Newport 1 October Covington 3 November Richmond 2 November College St. 2 November Warren Memorial 2 November Central Presbyterian 1 November Olivet Church 1 December M.E. Church, Danville 3 January Second Presbyterian Church, Danville 1 January First Presbyterian Church, Kansas City 29 February Second Presbyterian Church, Kansas City 14 �March Orlando, Fla. 3 March Jacksonville, Fla. 1 March DeFuniak Springs, Fla. 3 March Warren Memorial 15 221 During the whole period from November 16, 1884, to April 1, 1886, I performed my usual work in College, except that last fall I omitted my Bible lectures and for the first time the class in Moral Philosophy. I have done what I could through this whole period to collect the money due the College. The Financial Report will show the result. On motion the report of Dr. McKee was referred to a committee consisting of Messrs. Ernst, Scott, and Edward W. C. Humphrey. The report of the Faculty was then read and referred to a committee consisting of Messrs. Yerkes and Kinnaird. This report, with accompanying papers, is as follows: The Faculty of the Centre College of Kentucky desire to submit the following report to the Board of Trustees and the Synod of Kentucky, as showing the condition of the College during the year that will end June 17, 1886. The Faculty The Faculty have all been present, and but few interruptions have occurred in their daily work, except in one case of severe illness. Students The number of students enrolled has been 186 in all departments. The number in actual attendance at any one time has been less. Several were compelled to leave from inability to perform the required work. A large proportion of our students come from the poorer ranks of society with very little means at command, and every year we lose some who are unable to remain from want of money to meet their expenses even on the most economical basis. The past year has furnished cases of this character, and individual members of the Faculty have been obliged to help, out of their own small salaries, two of the best men in the College, both candidates for the ministry, in order to retain them in the institution. The President has received many letters containing expressions of a desire to attend the College if pecuniary aid could be given the writers. The moral and religious character of the students as a body is good; cases of discipline even of a milder type have been rare. Since we have entered on the year's work, one of our most promising students in the graduating class, the resident of a neighboring state, has declared his purpose of entering the Gospel Ministry in connection with the Presbyterian Church. Religious Instruction The plan, adopted some years ago, consisting of morning exercises in chapel, lectures by Dr. McKee, and one weekly lesson in the Bible for each class as a recitation, has been continued and appears to be the only available plan to reach all the students. �College Home The management of this remains in the same hands. Some necessary repairs have been made during the year, but still it is quite unfit in respect to light and ventilation for the work of a student. Preparatory Department Mr. J. B. Walton still continues in charge under the same arrangement. Lectures The series of lectures by Dr. L. McMurtry on Physiology and Hygiene were again kindly repeated by him free of expense to the College and contained much valuable information for the students. Library and Museum The accompanying papers, including a copy of the annual catalogue, which are a part of this report, will show the state of these two auxiliaries. It has been the practice for some years among the foremost colleges to make the Library a prominent factor in instruction, using it both as a study-room and work-room, either for the regular labors of the student or as a help in such extra work as may be from time to time assigned him. A salaried officer is appointed whose special duty it is to keep order, to direct the labors of the pupil, to point out authorities, and give such proper assistance as may be needed. This may involve some expense not provided for in our case, but the Faculty desire to present this matter as one engaging the attention of educators, at the present time, in a large degree, and as worthy the attention of the Board whenever circumstances shall justify. Although our Library is very poorly supplied with modern books of reference in the various departments, yet it is believed much good could be accomplished even with the present equipment, in teaching the pupil to help himself, and thus train him for better progress when thrown on his own resources. Degrees The Faculty would recommend that the degree of A.B. be conferred on John L. Anderson George W. Broadus Thomas R. Browne, Jr. Achilles E. Davis George E. Davis Robert W. Eastland Hugh M. Grant Samuel H. Hogsett Thomas S. McWilliams Stonewall J. Pulliam Shelley D. Rouse John M. Rupley James A. Stout George A. Titterington Howard Tebbetts Washington C. Whitthorne, Jr. And the degree of B.S. on William E. Bryce. A.M. in course on Richard B. Metcalfe, Class of 1861; Charles W. Metcalfe, Class of 1883; Peter G. Smoot, Class of 1883; Andrew F. Evans, Class of 1882; Hartwell P. Grider, Class of 1882. �A.M. Honorary on J. M. Holloway, M.D., Louisville; W. A. Obenchain, Ogden College, Bowling Green. L.L.D. on Hon. William C. P. Breckinridge, Class of 1855; Hon. John M. Martin, Class of 1856; Hon. Joseph C. S. Blackburn, Class of 1857. D.D. on Rev. L. F. Walker, Oxford, O.; Rev. W. L. Green, Paynette, Wis.; Rev.Williamm. Torrance, Greensburg, Ind. Societies The Faculty would respectfully invite the attention of the Board to a paper marked "A" in connection with this report, as a matter of interest to the Literary Societies of the College. (Signed) Alfred B. Nelson, Secretary Faculty The paper "A" referred to in the preceding report is as follows: In order the better to promote the cultivation of oratory among the students of Centre College, the Faculty would respectfully recommend to the Board of Trustees the following plan for their approval. 1. 2. 3. 4. 5. 6. 7. An annual celebration by the Literary Societies shall be held consisting of the delivery of original orations, and shall be called The Oratorical Contest. Three students appointed by each Society shall participate in this contest, and the Societies shall be free to select from the whole body of students. Two gold medals suitably inscribed shall be awarded to the successful competitors: First Medal, cost $15, for the best oration, and Second Medal, costing $10, for the second best oration. The award shall be made by an impartial committee appointed by the Faculty, consisting of three persons who have had no connection with either Society. The Board of Trustees shall be requested to appropriate $25 for the purchase of the medals to be awarded. The plan herein proposed shall not be mandatory, but the Societies shall have the option of its acceptance or rejection. In case of its acceptance, the first contest shall be held in June, 1887, and shall take the place of the usual Society exercises held at that time. (Signed) Alfred B. Nelson, Secretary Faculty The following is a summary of the Librarian's Report: Public documents received from Washington 184 volumes Lord's Beacon Lights received from Dr. J. L. McKee 5 Sermons received from Rev. T. C. Montfort 1 The Marshall Family received from W. M. Paxton 1 A. Political Crime received from A. M. Gibson 1 Reviews, Chiefly foreign received from Dr. Ormond Beatty 96 Miscellaneous Work, purchased 37 �Total added during year 325 Total from last report 5,048 Total June 16, 1886 5,373 There has been received some miscellaneous matter in the form of pamphlets and newspapers, amounting to 82 pieces - most of it transitory value. (Signed) John C. Fales, Librarian The report on the Museum is as follows: Entries as below: Entries Specimens Archaeology 3 3 Fossils 5 9 Minerals 2 2 Zoology 1 1 Botany 28 31 Total Entries 39 50 Number entries at beginning of year 2,989 Number at date (June 16, 1886) 3,028 (Signed) John C. Fales, Prof. in charge The report on the Scientific Fund shows receipts August 14, 1885 Cash, General Appropriation $50.00 August 14, 1885 Cash, Special Appropriation $150.00 October 13, 1885 Cash, Scott Fund $30.00 $230.00 June 1, 1885 Expenditures to date $175.87 Balance on hand $54.13 The Board then took recess until 8 p.m. 8 p.m. The Board reassembled. A partial report was made by the committee (Messrs. Welsh and Jacobs) on the Williams legacy. The Committee was continued, and directed and authorized to settle the whole business, and to institute legal proceedings at their discretion, if it is necessary to do so. On behalf of the Committee on the Theological Fund, consisting of Messrs. Jacobs and Temple, Mr. Jacobs stated that no report had been prepared. The Committee was continued and Mr. Barbour substituted for Mr. Temple. �Dr. Beatty tendered his resignation as Secretary of the Board. The Board declined to accept the resignation, but appointed Prof. Alfred B. Nelson assistant secretary, and J. A. Cheek treasurer. The action of the Board touching this matter is embodied in the following resolutions. Resolved that the Board decline to accept the resignation of Dr. Beatty as secretary; but to relieve Dr. Beatty the Board elects Alfred B. Nelson assistant secretary of the Board, and further orders that the duties of the Secretary be to attend all meetings of the Board and keep the minutes of its proceedings, and to present to the Board all communications and reports to the Board; and the duties of the assistant Secretary shall be to discharge all the other duties heretofore devolving upon the Secretary, and to be alone responsible for their faithful discharge, except the report as to the condition of the funds of the College and other funds under the control of the Board, and for which the Board will make further provision with a view to relieve the Secretary. Resolved further that John A. Cheek of Danville, be and he is hereby appointed Treasurer of the Board, and he is authorized to pay all accounts approved, and on orders drawn by the Secretary or Assistant Secretary of the Board, and to have the exclusive charge of the moneys and all notes, and he is to make the financial report to the Board heretofore made by the Secretary. As Mr. Cheek has offered to perform the duties of Treasurer without compensation, the Board accepts his offer and returns to him the thanks of the Board therefore. The following minute was adopted in regard to the sale of the Fox lot. It was reported by the Secretary that a deed had been made to Mr. William Cheek by the Chairman of the Board, as directed by order at a former meeting of the Board, to the lot in or near Danville known as "the Fox lot", and which was approved by the Board. The following degrees were then conferred: A.M. in course on Richard B. Metcalfe, Class of 1861; Hartwell P. Grider, Class of 1882; Andrew F. Evans, Class of 1882; Charles W. Metcalfe, Class of 1883; Peter G. Smoot, Class of 1883; John Burgin, Class of 1883; Robert L. Pulliam, Class of 1883; Clarence McAlister, Class of 1883; Maggie Randolph, Class of 1883; Leila S. McKee, Class of 1883. A.M. honorary on J. M. Holloway, M.D., Louisville, Ky.; W. A. Obenchain, President, Ogden College, Bowling Green; Sam M. Burdette, Louisville, Ky. D.D. on Rev. L. F. Walker, President, Oxford Female College, Oxford, O.; Rev. W. L. Green, Poynette, Wisconsin, Rev. William Cutter Condit, Class 1863, Ashland, Ky. L.L.D. on Hon. John M. Martin, M.C. Prof., University of Alabama, Class of 1856; Hon. William C. P. Breckinridge, M.C., Lexington, Ky., Class of 1855; Hon. Joseph C. S. Blackburn, M.C., Class of 1857 The Secretary of the Board reported that Dr. McKee had accepted a proposition made to him in a resolution passed by the Board of Trustees at its meeting in Danville, June 17, 1885, and recorded on pages 146 and 147 of the minutes; and in accordance with that proposition his note to the Trustees for $3,500 had been surrendered to him. A copy of said resolution was presented with Dr. McKee's signature attached, declaring his acceptance of the same. The Board directed a record to be made of the fact and the paper with Dr. McKee's acceptance of the same to be filed. A telegram was received from Dr. John Jones resigning his office as trustee, and the Secretary was directed to report it to the Synod. �The Board then adjourned to meet at 9 p.m. tomorrow morning and was closed with prayer by Dr. Cleland. The Board reassembled and the minutes of yesterday were read and approved for record. Prof. Cheek laid before the Board a request for a year's leave of absence in order to pursue his studies in Europe, provided he could get a suitable person to fill his place during his absence. The case was referred to the Faculty with power to act as they see fit. Upon motion Dr. Beatty was permitted, at his request, to surrender the trust of what is known as The Scott Trust Fund, and to pass this Fund into the hands of the Treasurer of the College and to take his receipt for the same. The Committee on the Faculty Report offered a report which was accepted and adopted. It is as follows. The Committee on the Faculty Report respectfully report: 1. 2. 3. 4. They have examined the financial statement of Prof. Fales and the accompanying vouchers, and find them correct with one exception, viz. in the statement of payments made to Prof. Fales, Queen and Co.'s bill is put down at $43.35, making an error of $2 against himself. The error, however, is corrected in the summing up. We recommend the approval of the report of the Faculty. As to the use of the Library for the benefit of the students in the way, suggested in the report, we recommend that inasmuch as the Board can make no appropriation in this behalf at the present time, the Faculty be requested to act in the matter as they see fit. The Board joins the Faculty in thanks to Drs. Martin, McMurtry, and Johnstone for their gratuitous services in lecturing to the students. We accept the judgment of the Faculty in the matter of "The Oratorical Contest" and approve the plan presented in the paper accompanying the Report to the Board. (Signed) Stephen Yerkes, William H. Kinnaird The standing committees were reappointed and Mr. Nichols was added to the committee on investment in place of Mr. Temple. These committees are as follows: Financial Committee - Messrs. Ormond Beatty, George W. Welsh, and Robert P. Jacobs Committee on Repairs - Messrs. John C. Fales, George W. Welsh, and Guy E. Wiseman Auditing Committee - Messrs. Robert P. Jacobs and George W. Welsh Committee on Investments - Messrs. Edward P. Humphrey, Edward W. C. Humphrey, William C. Young, and George Nichols The committee on nominations for President of Centre College reported as follows: The Committee appointed to nominate a President for Centre College report that they are not at this time prepared to make a recommendation to the Board and refer the matter to the Board. (Signed) Thomas H. Cleland, William H. Kinnaird, William Ernst, John W. Scott The report was received and the Committee discharged. �It was moved and carried that the Board proceed now to the election of a President by ballot. The Board then took a recess until 3 p.m. The Board resumed business. The ballot taken for the election of a President resulted in eleven cast for Dr. William C. Young and two blanks - not resulting in an election. The Board then proceeded to take the ballot for temporary President, which resulted in ten votes for Dr. William C. Young and three blanks. A committee consisting of Messrs. Welsh and Edward W. C. Humphrey was appointed to wait on Dr. Young and inform him of the action of the Board. On motion the degree of A.B. was in accordance with the recommendation of the Faculty conferred on the following sixteen young gentlemen: J. L. Anderson G. W. Broadus T. R. Browne, Jr. A. E. Davis G. E. Davis R. W. Eastland H. M. Grant S. H. Hogsett T. S. McWilliams S. J. Pulliam S. D. Rouse J. M. Rupley J. A. Stout G. A. Titterington W. C. Whitthorne, Jr. and the degree of B.S. on W. E. Bryce The Committee on Dr. McKee's report on his financial and evangelistic work made a report which was adopted. It is as follows: The Committee to who was referred the report of Dr. McKee of his agency and evangelistic work respectfully report: In October 1884, the Board, at a meeting held in Louisville, impressed with the importance of large accommodations in the College Home, unanimously resolved to raise, if possible, $25,000 within one year for that purpose, and also to increase the philosophical apparatus in the scientific department of the College. Subsequently Dr. McKee was appointed to secure that amount. In Nov. following Dr. McKee entered upon that work. From the report submitted to your committee it appears that since Dr. McKee entered upon this special work in November 1884, the aggregate of collections and subscriptions to the College Home amount to only $2,360, and for furnishing rooms in the Home $172.50, making a total for the Home of $2,532.50. That during the same time he secured for the Vice President's salary notes and cash to the amount of $4,193.25, exclusive of the free-will offerings received in his evangelistic work; and for the endowment of the Vice President's Chair $1,000; also for the general fund of the College a note for $5,000. It will be seen from the foregoing statement that Dr. McKee's agency, so far as the main object of it, viz. to procure funds for the improvement and enlargement of the College Home is concerned, has been almost a failure and a sad disappointment of the expectations raised by his report of April 1, 1885. This result raises the question of the expediency of continuing the agency. Your committee are of the opinion that no further efforts should be made at present among the churches to raise money for the College endowment fund and the endowment of the Vice President's chair, nor for any other purpose connected with the College, and that at no time hereafter shall appeals be made under the authority of this Board for contributions to the Vice President's salary. They recommend, therefore, that the agency be terminated. But in making this �recommendation the Committee would not be understood as discouraging efforts to increase the general endowment fund of the College, or to complete the endowment of the Vice President's chair by appeals to individual friends of the College as opportunity is offered. In reference to the note of Mrs. S. D. Ray for $2,500 and Mrs. Barret for $500, reported as given for the Vice President's salary, your committee are of opinion that the interest only of said notes should be so applied, and that the principal should be added to the fund for the endowment of the Vice President's chair, and they so recommend. Their recommendation applies to any other notes of a similar character that may be held by the College. (Signed) William Ernst, Edward W. C. Humphrey, John W. Scott The Committee appointed to wait on Dr. Young reported that he declined to accept the office tendered to him. On motion the Board adopted the following paper expressing their continuous confidence in Dr. Beatty and requesting him to remain in charge of Centre College. Resolved that the Board of Trustees hereby expresses its continued confidence in Dr. Beatty, and that in view of the fact that another President of the College has not been secured at this meeting of the Board, Dr. Beatty is to continue in his office as President; and if he desires any relief in the branches of study taught by him the Faculty of the College is authorized to make such arrangement in regard to any study, the instruction of which Dr. Beatty may desire to give up, by transferring the same to the other instructors now in the College, as the Faculty may deem best. The Secretary of the Board was requested to call Dr. McKee's attention to the order of last year in regard to the time he was to give to his duties in the College. The Board adopted the following paper in regard to lending the funds of the College: A proposition having been made by Rev. John L. McKee, D.D., to effect a loan of $10,000 of the funds of the College, the following minute was adopted: The Board does not approve the policy of lending the funds of the College to any individual connected with the Institution either as professor or trustee, and the Financial Committee is hereby instructed to act accordingly. Drs. Humphrey and Young and Mr. Edward W. C. Humphrey were appointed a Committee to prepare a memorial of Mr. John B. Temple and report at the next annual meeting of the Board. The following paper in regard to vacancies in the Board was adopted: Resolved that Rev. John Jones and Rev. Robert Christie having tendered their resignation of the office of trustee of Centre College, the resignations of Messrs. Jones and Christie be and the same are hereby accepted, and Mr. John B. Temple having departed this life, a vacancy is created in the office of trustee held by him; and it appearing to the Board that Hon. Tyler T. Alexander, who was elected a trustee of the College, has failed to attend the meetings of the Board for two years last past, a vacancy is hereby ordered in the case of the office of trustee to which he was elected. The minutes were then read and approved and the Board took recess until after the public exercises tonight. �10 p.m. The Board met and resumed business. On motion the vacancies in the Board were filled as follows: John J. Hogsett in place of Tyler T. Alexander J. S. Landes in place of John B. Temple Rev. J. M. Blayney, D.D., in place of Robert Christie Rev. Julius W. Waldon in place of John Jones On motion, Dr. Beatty was unanimously requested to withdraw his resignation and continue President of Centre College, which request Dr. Beatty acceded to, and Mr. James Barbour, as temporary Chairman, was requested to announce the same publicly at the Commencement exercises tomorrow; and also to see that is advertised in the newspapers. On motion, the Faculty and Financial Committee were empowered to employ a canvasser for students. The minutes were read and approved. The Board then adjourned to meet on the Tuesday before the third Thursday in June 1887. Closed with prayer by Dr. Cleland. [The following minutes should have preceded the foregoing.] Danville, Ky., April 13, 1886 Pursuant to adjournment the Board of Trustees of Centre College met in Danville, and was organized with Dr. Edward P. Humphrey in the Chair. There were present: Rev. Edward P. Humphrey, D.D., Rev. Stephen Yerkes, D.D., Robert P. Jacobs, Esq., Rev. William C. Condit, Rev. Heman H. Allen, D.D., Dr. John W. Scott, William Kinnaird, George W. Welsh, Rev. Thomas H. Cleland, D.D., Rev. William C. Young, D.D., William Ernst, Edward W. C. Humphrey, Esq., George Nicholas, Rev. James P. Hendrick, D.D. The following paper was submitted, and after discussion was adopted, first in sections and then as a whole. The Committee of the Trustees of Centre College appointed at the meeting in Louisville, December 22, 1885, to consider and recommend to the Board a plan by which to utilize to a higher degree the Theological Fund of the College and the Theological Fund of the Synod, beg to report: 1. 2. 3. That it is at this time unnecessary and inexpedient to ask the General Assembly to alter or amend any portion of the contracts and covenants entered into between said Assembly and the Synod of Kentucky and the Trustees of Centre College with regard to the use of the income arising from the two funds known as The Theological Fund of the Synod of Kentucky and the Theological Fund of Centre College. We respectfully recommend to the Board of Directors of the Danville Theological Seminary when they meet in joint session with us (The Trustees of Centre College) April 13th inst. at 7:30 p.m., to consent to an agreement with us by which a full course of theological instruction shall be provided for by them in said Seminary, to be given by such competent instructors as they can obtain in addition to the present professor, Rev. Stephen Yerkes, D.D. We venture further to recommend that so much of the income of the Theological Seminary be expended for instruction for the next year, as is equal to the salary heretofore paid to one full professor, viz. $2,500 out of the funds of the Seminary proper. �Your Committee venture to express the hope that if these recommendations are received with favor by the Board which appointed them, and are approved and acted upon by the Board of Directors of the Theological Seminary, there will, in the near future, be found a goodly number of pious men who desire to preach the Gospel but who have reached or passed their majority without a liberal education, who when informed that provision is here made to give them a thorough theological training, and at the same time to enable them to make up their literary deficiencies, will gladly avail themselves of its benefits. Respectfully submitted, (Signed) James P. Hendrick, William C. Young, Robert P. Jacobs, Stephen Yerkes The Board then adjourned. Ormond Beatty, Secretary, Alfred B. Nelson, Assistant Secretary List of Trustees Term Expires 1887 Rev. Heman H. Allen, D.D. 1887 Rev. Stephen Yerkes, D.D. 1887 Rev. William C. Young, D.D. 1887 Rev. James P. Hendrick, D.D. 1887 *Rev. J. Mc Blaney, D.D. 1887 *Rev. Claud D. H. Martin, D.D. 1887 George Nicholas, Esq. 1888 Rev. Edward P. Humphrey, D.D. 1888 Rev. William C. Condit, D.D. 1888 George W. Welsh, Esq. 1888 William Ernst, Esq. 1888 James Barbour, Esq. 1888 Robert P. Jacobs, Esq. 1889 *Rev. Thomas H. Cleland, D.D. 1889 *Rev. Julius W. Walden 1889 *Rev. Edward L. Warren 1889 *William H. Kinnaird, Esq. 1889 *Edward W. C. Humphrey, Esq. 1889 *James A. Curry, Esq. *Elected by Synod of 1886 Lexington, Ky., November 30, 1886 The Board of Trustees of Centre College, pursuant to call of the Chairman, convened in the parlors of Dr. John W. Scott, the Chairman, Rev. Edward P. Humphrey, D.D., occupying the Chair. The following members were present: Rev. Edward P. Humphrey, D.D., Rev. Heman H. Allen, D.D., Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, D.D., Rev. J. McBlayney, D.D., Rev. Claud B. H. Martin, D.D., Rev. William C. Condit, D.D., George W. Welsh, Sr., �Esq., William Ernst, Esq., Robert P. Jacobs, Esq., James A. Curry, Esq., Rev. Thomas H. Cleland, D.D., Rev. Edward L. Warren, George Nicholas, Esq., James Barbour, Esq., Edward W. C. Humphrey, Esq. The oath of office was administered to the newly elected members, to wit, Messrs. Thomas H. Cleland, Edward L. Warren, Edward W. C. Humphrey, James A. Curry, J. McBlayney, and Claude B. H. Martin. The session was opened with prayer by Rev. Heman H. Allen, D.D. Rev. William C. Condit, D.D., was elected secretary pro tem. Dr. John W. Scott was invited to sit with the Board in its sessions. On motion it was resolved that the expenses of the members in attending the meeting of the Board should be paid out of the College treasury. On motion the Board proceeded to the business of electing a President of Centre College. A letter from Dr. Ormond Beatty tendering his resignation of the office was read, and upon motion it was accepted to take effect on the qualification of his successor. A committee consisting of Drs. Humphrey and Blayney and William Ernst, Esq., was appointed to prepare suitable resolutions to be adopted by the Board in view of Dr. Beatty's retirement from the Presidency of the College. On motion the Board then entered into a free conversation touching the matter of electing a President. On motion the Board proceeded to receive nominations and the following names were proposed: Rev. William C. Young, D.D., and Rev. Y. P. Hendy, D.D. On motion a ballot was then taken resulting in fourteen (14) votes for Dr. Young and two (2) for Dr. Hendy. Dr. Young was thereupon declared elected President of Centre College. On motion his salary was fixed at $2,000 and the use of the house heretofore occupied by his predecessor. On motion Rev. Edward P. Humphrey, D.D., and Rev. Edward L. Warren were appointed a committee to inform Dr. Young of his election. A committee consisting of Drs. Humphrey and Blayney, and Mr. William Ernst was appointed to confer with Dr. Beatty and the Faculty, with a view of devising some plan whereby Dr. Beatty shall continue in the Faculty, and also to determine the course of instruction to be given by him. A vote of thanks was tendered by the Board to Dr. Scott and his wife for their abounding hospitality. On motion the Board then adjourned. (Signed) William C. Condit, Secretary pro tem Lexington, May 12, 1887 The Board of Trustees of Centre College met pursuant to a call of the Chairman, Rev. Edward P. Humphrey, D.D., in the parlor of the Phoenix Hotel, Lexington, Ky., May 12, 1887, at 12 noon and was opened with prayer by the Rev. Stephen Yerkes, D.D. The following members were present: Rev. Edward P. Humphrey, D.D., Rev. Stephen Yerkes, D.D., Rev. Thomas. H. Cleland, D.D., Rev. James P. Hendrick, D.D., Rev. Claud B. H. Martin, D.D., Rev. J. Blayney, D.D., Rev. Edward L. Warren, William Ernst, Esq., James Barbour, Esq., George Nicholas, Esq., James A. Curry, Esq., Edward W. C. Humphrey, Esq., William H. Kinnaird. In the absence of the Secretary, the Chairman requested Rev. Edward L. Warren to act as secretary. The committee appointed at the last meeting to wait on Rev. William C. Young, D.D., and inform him of his election to the Presidency of Centre College, reported that they had performed that duty. The Chairman of the Board stated that he had received a letter from Dr. Young declining the Presidency. In the absence of this letter, which, in �the hands of the Secretary, the Board in lieu of the reading thereof, accepted a statement of its contents by the Chairman. After a full discussion of the whole subject of the Presidency, it was moved and carried to go at once to go into the election of a President of the College. The Ballot having been taken, it was announced that Rev. J. M. Worrall, D.D., of New York City had received the unanimous vote of the Board. On motion Rev. Edward P. Humphrey, D.D., William Ernst, Esq., Rev. Stephen Yerkes, D.D., and Rev. James P. Hendrick, D.D., were appointed a committee to inform Dr. Worrall of this election. The following resolution was adopted: Resolved that this committee be directed to inform Dr. Worrall that the present salary attached to the President's office is $2,000 per annum from the present income of the College, and the use of the President's House and grounds; and that said Committee inform him that an additional sum of $500 per annum will be secured and paid him until the permanent funds of the College shall justify the increase of the regular salary to $2,500 per annum. It was moved and carried that the expenses of the members attending this meeting of the Board be paid out of the College treasury. On motion, James A. Curry, Esq., was authorized to look after the improvements necessary on the Overton Farm in Fayette County, Ky. The Board then adjourned to meet on Tuesday, June 14, 1887, at 8:30 a.m. Danville. (Signed) Edward L. Warren, Secretary pro tem. Danville, Ky., June 14, 1887 The Board of Trustees met pursuant to adjournment in the session room of the 2nd Presbyterian Church, and was opened with prayer by Rev. Edward P. Humphrey, D.D. The following members were present: Rev. Edward P. Humphrey, D.D., L.L.D., Rev. J. McCluskey Blayney, D.D., Rev. William C. Young, D.D., Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, D.D., Rev. Claud B. H. Martin, D.D., George Nicholas, Esq., Rev. William C. Condit, D.D., George W. Welsh, Sr., Esq., Robert P. Jacobs, Esq., Edward W. C. Humphrey, Esq., Rev. Edward L. Warren, Rev. Julius W. Walden, James R. Curry, Esq. The minutes of the last meeting held in Danville, and of the two meetings held in Lexington, were read and approved. The oath of office was administered by J. A. Cheek, Esq., Notary Public, to Rev. Julius W. Walden, who took his seat for the first time. On motion, Mr. J. A. Cheek, Treasurer of the College, read his report. This report, bearing the certificate of the Auditing Committee that it had been examined by them and found correct, was received and approved by the Board. See Book of Financial Reports. On motion, the matter of Mrs. Barret's note for $500 was referred to a committee consisting of Messrs. Nicholas and Curry. On motion, Dr. William C. Young's letter declining the presidency of the College was read, and ordered to be put on file. �On motion, a letter from Dr. J. W. Worrall declining the presidency of the College was read, and ordered to be put on file. On motion, a committee consisting of Drs. Humphrey and Condit, and Robert P. Jacobs, Esq., was appointed to confer together and with other members of the Board touching the presidency of the College, and report the result of their conference to the afternoon session of the Board at 3 o'clock today. On motion, the report of the Faculty, with accompanying reports on Museum, Library and Scientific Fund, was read and for the time passed. The report is as follows: The Faculty of The Centre College of Kentucky desire to present to the Board of Trustees the following report for the year ending June 16, 1887. The organization of the Faculty remains as last year and all the members have been enabled to do their work, with no interruptions of importance. The reports on Museum, Library, and Scientific Fund, and a copy of the catalogue for 1886-87 are made a part of this report and herewith presented. They will give all needed information on the points found in them. The College Home is still in charge of Mrs. Farrand, and has had a fair share of student patronage during the year. No change has been made in the management of the Preparatory Department. The catalogue gives full information concerning it. The Board is referred to the catalogue for the number and residence of the students. To this the Faculty can add that they have proved to be exceptionally good in morals; and, with few exceptions, the same may be said of their diligence. The regular Bible classes and chapel exercises have been regularly conducted. In addition, services were held in the Second Presbyterian Church during some three weeks by Drs. McKee and Martin. As the result of these services five members of the College classes united with the 2nd Church and two from the Preparatory Department. Others have joined other churches in the town. The following are recommended for the degrees stated. For A.B. in course - William Luke Clark, Rowland Stafford Dawson, Edward Melville Green, Charles Drury Grubbs, George Nicholas, William Lawson Sumrall, Frank Dillon Van Winkle. For B.S. in course - Richard Givens Denny, Frank Nelson Lee, Eugene Kerr Wilson. Certificate on James Carrol Hamilton, Charles Marlet Mason, James Thomas Vaughan, Clarence Matthews. The Faculty would also recommend for the degree of A.M. "honoris causa", be conferred on William C. Wile, M.D., Philadelphia, Pa., editor of the New England Medical Monthly, etc.; and on Rev. S. B. Alderson, Washington Court House, Ohio; and the degree of L.L.D. on Hon. John F. Philips, Class of 1855, Kansas City, Missouri. (Signed) Ormond Beatty �The report of the Librarian shows Number books in Library per last year's report 5,373 Added during the year 159 Total 5,532 The report on the Museum shows Number of entries at close of last year 3,028 Number of entries during current year 39 Total entries on Register 3,067 Prof. Fales' report on the Scientific Fund shows Balance on hand from last year's report, $54.13 Appropriation for year 1886-1887 $50.00 $104.13 Disbursements, as per accompanying vouchers, $153.27 Showing amount overdrawn and due Prof. Fales $49.14 On motion, the Board went into the matter of conferring the degrees recommended by the Faculty. A.B. in course was conferred on the following seven members of the Senior Class recommended for that degree by the Faculty; B.S. in course on the following three members of the Senior Class in accordance with recommendation of the Faculty; .the Certificate on the following four students, in accordance with recommendations of the Faculty. The honorary degree of A.M. was conferred on Rev. Samuel B. Alderson, Washington C. H., Ohio, and William C. Wile, M.D., Philadelphia, Pa, editor New England Medical Monthly, etc. A motion was made and carried that the degree of D.D. be conferred on only two persons at this meeting of the Board. The degree was then conferred on Rev. William Torrance, Greensburg, Indiana, and Rev. J. F. McMillan, Burksville, Ky. L.L.D. was conferred on Hon. John F. Philips, Class of 1855, Kansas City, Mo.; Hon. W. S. Pryor, Chief Justice of the Kentucky Court of Appeals A.M. in course was conferred on Dr. Harry J. Cowan, Class of 1881; Rev. James L. McKee, Class of 1884; Benjamin F. Blakeman, Class of 1884; Robert G. McKee, Class of 1884; William A. Tribble, Class of 1884. On motion, the report of the Faculty was received and approved. All the Standing Committee were reappointed for the ensuing year. They are as follows: Financial Committee - Messrs. Ormond Beatty, George W. Welsh, and Robert P. Jacobs Committee on Repairs - Messrs. John C. Fales, George W. Welsh, and Guy E. Wiseman Auditing Committee - Messrs. Robert P. Jacobs and George W. Welsh �Committee on Investments - Messrs. Edward P. Humphrey, Edward W. C. Humphrey, William C. Young, and George Nicholas On motion Mr. Curry was appointed a committee to prepare a resolution releasing Dr. Beatty from liability for all funds and property of the College that may have been in his possession. The Board then took a recess till 3 p.m. 3 p.m., Tuesday The Board reassembled. Dr. McKee appeared and, on motion, read his report of his agency and evangelistic work during the year. In reference to this report and the accompanying paper read by Dr. McKee, Dr. Humphrey offered the following resolutions which were adopted: Dr. McKee read a paper reviewing the report of a committee adopted in June. Therefore resolved, 1. 2. 3. That this paper be now referred to the committee by which the report was made, to wit, William Ernst, Esq., Edward W. C. Humphrey, Esq. with [blank space] in place of Dr. John W. Scott, resigned, with instruction to report to the next meeting of the Board. That the order discontinuing Dr. McKee's agency be renewed until the next meeting of the Board. That the report of Dr. McKee to the Board in regard to his work during the year be also referred to the same committee. On motion, a committee consisting of Drs. Blayney, Humphrey, and Young was appointed on the continuance of Dr. McKee's evangelistic work, and required to report at the present meeting of the Board. The Committee of Mrs. Barret's note made the following report, which was adopted: The Board of Trustees of Centre College holds a note of Mrs. Margaretta M. Barret for $500, dated April 27, 1885, payable ten years after date for salary of Vice President of the College, bearing six per cent interest per annum from date, payable semi-annually, with endowments thereon as follows: December 15, 1885, interest to October 27, 1885, $15; December 15, 1885, paid on principal $85; also paid April 20, 1886 $27.95; October 28, 1886, on principal $25, and on interest $11.25. Present value of note, $358.80. The Committee finds that of the amounts paid on the note of $201.20, $101.20 remains in the hands of Dr. McKee, not having been paid to the treasurer. We recommend that this amount be paid to the treasurer, and that all future payments on the note be made to the Treasurer in order that the value of the note may be known in the future. (Signed) James A. Curry, George Nicholas The Committee on Dr. Beatty's release from liability in regard to College funds and property made the following report, which was unanimously adopted by a rising vote: Whereas, in the history of the College, and in accordance with the desire of Dr. Beatty to yield and transfer to the proper officers of the trusts and responsibilities heretofore committed to him, it is eminently proper that his self- �sacrificing devotion to the interests of the College be suitably acknowledged; and whereas, it is with profound and sincere pleasure that the Board of Trustees has this opportunity to recognize by appropriate action the life-long services of President Beatty, we would therefore recommend the unanimous adoption of the following resolutions: 1. 2. 3. That we hereby release Dr. Beatty from all liability for all funds and property of the College that may have been in his possession, he having accounted to Board for the same. The Board cannot repay Dr. Beatty for his faithful and efficient services, not only in the financial department, but in every part of the College work to which his life has been devoted. It is with unmixed pleasure that we now record our esteem and tender our sincere thanks to Dr. Beatty for the work which he has so cheerfully rendered to the College, and are afforded this opportunity to hear our testimony. In this time and place we would also invoke God's blessing to attend Dr. Beatty in every act of his remaining useful life. (Signed) James A. Curry The Committee on the Presidency of the College made a report, advising that no action be taken to supply the vacancy at the present meeting of the Board. The report was received and approved. On motion, Drs. Martin, Humphrey, and Blayney, and Robert P. Jacobs, Esq., were appointed as a committee of correspondence and inquiry, with a view to finding a suitable person for the presidency of the College. On motion, it was resolved to request Dr. Beatty to continue in the office of President for the present; and Dr. Young and Edward W. C. Humphrey, Esq., were appointed a committee to confer with him in regard to the matter, and learn his opinion touching the appointment of a dean of the Faculty to relieve him of some of his duties. On motion, Mr. Curry, who has charge of the Overton Farm, was requested to obtain legal advice as to whether it can be sold and the money otherwise invested. The Board then took recess till 9 o'clock tomorrow morning. Closed with prayer by Dr. Yerkes. 9 a.m., Wednesday The Board reassembled. The minutes of Tuesday's sessions were read and approved. Prof. Fales' request for an appropriation of $130 a year for his department was read, and on motion it was granted. Prof. Nelson's request for an appropriation of $20 a year for the Mathematical department was also read, and on motion it was granted. On motion, a unanimous vote of thanks was given to Dr. McMurtry for his valuable gratuitous course of lectures delivered annually to the students of the College. The Committee on Dr. Beatty's retention in the Presidency of the College and the appointment of a Dean of the Faculty made the following report, which was adopted. �The Committee appointed to confer with Dr. Beatty and request him to continue to hold his office as President of the College, making such arrangements, should he acquiesce in their request, as will relieve him so far as practicable of some of the more onerous duties of the office, would report 1. 2. That they have had a full and free conference with Dr. Beatty, and that in the spirit of self-sacrifice which has characterized in so marked a degree all his relations with the College, he consents to retain his office, expressing, however, his earnest desire that his successor be elected at the very earliest practicable moment. In order to relieve Dr. Beatty as far as possible in the discharge of the duties of the Presidency your committee suggest that Prof. Fales be and hereby is appointed Dean of the Faculty, the duties of the office to be determined by the Faculty and the office to continue until the election of a new President. William C. Young, Edward W. C. Humphrey It was moved and carried that the Board, when it adjourns, shall adjourn to meet at Lexington, Thursday, September 22, in the parlor of the Phoenix Hotel at 12 noon. It was moved and carried that the expenses incurred by the members attending the meeting at Lexington shall be paid out of the College treasury. The Committee on the continuance of Dr. McKee's evangelistic work made a report which, after some discussion, was at the request of the committee recommitted to them. Mr. Robert P. Jacobs offered the following motion, which was adopted: Dr. Humphrey requested leave of absence, which on motion was granted. On motion, Dr. Martin was elected to take the Chair. Minutes of Wednesday's session were then read and approved. On motion, the Board adjourned and was closed with prayer by Rev. Edward L. Warren. The Chairman then announced that the Board stood adjourned to meet in Lexington September 22, in the Second Presbyterian Church, at 12 noon. Time until the meeting of the Board in Lexington, Ky., on the 22nd day of September next is given the committee heretofore appointed on the evangelistic work of Dr. McKee, and also to the Committee to which Dr. McKee's report, etc., was referred to make reports, and Dr. McKee is requested to attend that meeting of the Board. (See minute on Dr. McKee's evangelistic work.) Ormond Beatty, Secretary Lexington, Ky., September 22, 1887 The Board of Trustees of Centre College met in the parlor of the Phoenix Hotel, Lexington, Ky., September 22, 1887, at 12 noon. In the absence of the Chairman, Rev. Edward P. Humphrey, D.D., L.L.D., the Rev. Stephen Yerkes, D.D., was on motion called to the chair. The meeting was opened with prayer. Rev. Edward L. Warren was elected Secretary, pro tem. The following members were present: Rev. J. McCluskey Blayney, D.D., Rev. William C. Young, D.D., Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, D.D., Rev. Claud B. H. Martin, D.D., George Nicholas, Esq., Rev. William C. Condit, D.D., George W. Welsh, Sr., Esq., James Barbour, Esq., William Ernst, Esq., Robert P. Jacobs, Esq., Rev. Thomas H. Cleland, D.D., William H. Kinnaird, Esq., Edward W. C. Humphrey, Esq., Rev. Edward L. Warren, James Curry, Esq. �Owing to the fact that the Second Presbyterian Church is undergoing repairs, it was moved and carried that the place of meeting be changed to the parlor of the Phoenix Hotel. The minutes of the last meeting held in Danville, June 14, 1887, were read and approved. The Chairman of the Committee of correspondence and inquiry with reference to finding a suitable person for the presidency of the College reported that the Committee had failed to meet, although a number of letters had been received. It was moved and carried that the Board proceed to the election of a President of the College and that nominations be now received. On motion the letters in the hands of the Committee of Correspondence were read by the Chairman, Dr. Martin. A number of persons were placed in nomination, and after several ballots had been taken there was no election. On motion the Board took up other business. The Committee on the paper read by Rev. John L. McKee, D.D., before the last meeting of the Board made their report, which was on motion received. After a statement by Dr. McKee and a full discussion, the paper was recommitted to the Committee, to which Robert P. Jacobs, Esq., was added, with instruction to report to the next meeting of the Board, and authority to pay Dr. McKee his claim of $600 if they shall find the claim to be just. Lexington, Ky., September 22, 1887 The Committee on the Evangelistic work of Dr. McKee made the following report which was on motion adopted: The Committee appointed to confer with Dr. John L. McKee with reference to the discontinuance of his evangelistic services under the auspices of this Board, would report the following stipulations of agreement for adoption: 1. 2. 3. 4. Dr. McKee is not hereafter to be required or expected to solicit funds or students for the College excepting so far as any member of the Faculty is expected his influence in these directions, nor is he to collect moneys due the College, nor has he authority so to do. This Board hereby releases Dr. McKee from all its claims upon him for his time and services, excepting as hereinafter provided, the remainder of his time to be his own to prosecute evangelistic or other work when and where he pleases, without making any account to this body. Dr. McKee shall continue to occupy the Chair of the Vice President of Centre College, discharging the duties pertaining to that office, residing at Danville during five months of the scholastic year, and teaching during this time under such schedule arrangements as may be determined by the Faculty of the College. For these services Dr. McKee shall receive as his salary from this Board all and only the proceeds or income of the funds held at this date as the endowment of the Vice President's Chair. Nothing herein is to be understood or interpreted as affecting the questions pending between Dr. McKee and this Board as to the disposition of the Ray and Barret notes. To this report is appended the following: I accept and approve this paper. �(Signed) John L. McKee The following paper was laid before the Board: The Trustees of Centre College sold and conveyed to William Cheek three acres of ground lying within the limits of the town of Danville, Ky., on the Harrodsburg turnpike road. The Trustees retained a lien on the property for the unpaid purchase money. This lot of ground adjoins the property of Eliza J. Fox, and in order to straighten the line between the two pieces of property, William Cheek and Mrs. Fox agreed upon a new line; the new line throwing to Mrs. Fox six and two-fifths (6 2/5) perches of Cheek's land, and to Cheek eleven and one-fifth (11 1/5) perches of Mrs. Fox's land. In order to perfect these conveyances and straighten said division line, Cheek was to have the line retained by the College released to the extent only of this six and two-fifths (6 2/5) perches of land. The release of the lien upon the 6 2/5 perches does not in the least invalidate the lien of the College upon the remainder of Cheek's property and the amount of land received by Cheek from Mrs. Fox in exchange for the 6 2/5 perches was almost twice as much as the amount agreed to be conveyed to her. Since the conveyance of the 3 acres of land by the College to Cheek, Mr. Cheek has erected upon the property quite a handsome residence and the Danville Planning Mill Co. who held a mortgage upon Cheek's property for materials, etc., furnished for the erection of the house, have already released their lien to the extent of the 6 2/5 perches which Cheek has conveyed to Mrs. Fox, as above set forth; and it is believed by Cheek and others interested in his property that the straightening of the division line is important for his property. And as the College is abundantly secure in their debt without this small fraction, the Trustees are requested to pass an order authorizing someone to release their lien to the extent of the 6 2/5 perches conveyed to Mrs. Fox. On motion the petition was granted, and Robert P. Jacobs, Esq., was authorized to make the release. A communication from the Faculty of the College with reference to the admission of young ladies into the College was, on motion, referred to the next regular meeting of the Board. The Committee on the Overton Farm made a report by producing a copy of Mr. Overton's will. This report was received and approved. The copy of the will is as follows: I, John W. Overton, of Fayette County and Commonwealth of Ky., do make and ordain this my last will and testament, revoking all others. I commend my spirit to God, who gave it, and my body to the dust in the hope of a glorious resurrection through Jesus Christ my Savior. I give and bequeath and devise all my property, real and personal, to the Trustees of the Centre College at Danville, Ky., and their successors to be used and appropriated in the following manner, viz. It is my will and desire that my little farm in Fayette County be not sold but rented out as a grazing farm, and one of the best of the farm fields cultivated every four years. I wish the first profits of the farm used in making a post and rail fence all around on the outside, and all the live trees left in the woods pasture and said pasture used as a woods pasture alone.... The profits arising from my property, real and personal, is to constitute a fund for the education of poor and meritorious boys for the Christian ministry, and they are to return the amount expended on them if they should not adopt the ministry as a calling. The boys are to be selected from Fayette County, always giving my native neighborhood the preference.... All written and signed by my own hand this ninth day of June, 1851. John W. Overton (Died in 1856) The balloting for a President of the College having on motion been resumed, and resulting in no election, the subject of the election of a President was postponed until the regular meeting of the Board in June. �The minutes were read and approved. After prayer the Board adjourned to meet on Tuesday before the Commencement June 19, 1888, at 4 p.m. (Signed) Edward L. Warren, Secretary pro tem Danville, Ky., April 25, 1888 The Board of Trustees met pursuant to call in the lecture room of the Theological Seminary. On motion Rev. Thomas H. Cleland, D.D., was elected temporary chairman, and on taking his seat opened the meeting with prayer. The following members were present: Rev. Thomas H. Cleland, D.D., Rev. Claud B. H. Martin, D.D., Rev. Stephen Yerkes, D.D., Rev. William C. Young, D.D., Rev. James P. Hendrick, D.D., Rev. Edward L. Warren, Messrs. William Ernst, George W. Welsh, William H. Kinnaird. The secretary stated that the object of the meeting was to confer in regard to the presidency of the College and to take such steps as might be necessary to have the vacancy filled at the earliest possible period. The treasurer of the College, Mr. J. A. Cheek, was present, and made a brief statement of the state of the finances of the College. He was requested to make inquiries about the outstanding notes due to College, especially the note of Mr. George Denny, and to report what was necessary in order to collect these notes. Ormond Beatty and Robert P. Jacobs were appointed a committee to report in regard to the Theological Fund of Centre College. Several names were presented by the Board, from which it was hoped that a suitable and available person might be chosen as President of the College. After a free conversation Rev. William C. Young, D.D., Rev. Stephen Yerkes, D. D., William Ernst, Esq., and Dr. Ormond Beatty were appointed a committee to inquire by correspondence or otherwise for a suitable name to present to the board at its June meeting for President. Necessary expenses of the committee were ordered to be paid by the Board. The Board then adjourned to meet at the regular time, 4 p.m. June 19, 1888. Danville, Ky., June 19, 1888 Board of Trustees Centre College met pursuant to adjournment in the session room of the Second Presbyterian Church. The chairmanship of the Board having been made vacant by the death of Rev. Edward P. Humphrey, D.D., L.L.D. On motion of Dr. Young, Rev. Heman H. Allen was chosen temporary chairman. The following members were present: Rev. William C. Condit, D.D., William Ernst, Esq., Robert P. Jacobs, Esq., Rev. Thomas H. Cleland, D.D., Rev. Edward L. Warren, Rev. Julius W. Walden, William H. Kinnaird, Esq., Edward W. C. Humphrey, Esq., James A. Curry, Esq., Rev. Heman H. Allen, D.D., Rev. J. McClusky Blayney, D.D., Rev. William C. Young, D.D., Rev. Stephen Yerkes, D.D., Rev. James Hendrick, D.D., Rev. Claud B. H. Martin, D.D., George Nicholas, Esq. The following members who were elected at the last meeting of the Synod took the oath of office: Rev. Herman H. Allen, D.D., Rev. J. McClusky Blayney, D.D., Rev. William C. Young, D.D., Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, D.D., Rev. Claud B. H. Martin, D.D., George Nicholas, Esq. On motion the minutes of the last regular meeting and also the minutes of the meeting of the Board in Lexington, September 22, 1887, and those of the meeting in Danville April 25th, were read and, with slight corrections, approved. �On motion Mr. J. A. Cheek, Treasurer of the College, read his report. This report, bearing the certificate of the Auditing Committee that it had been examined by them and found correct, was received and approved by the Board, and ordered to be put to record in the Financial Statement Book. See page 1. The following resolution was then adopted. The local Finance Committee are directed to examine the entire list of notes in the hands of the Treasurer, including those that have heretofore been reported as worthless, and to take such steps for the collection or securing such notes as they may deem proper. They are also directed to proceed as rapidly as possible in the collection of all outstanding notes, and to report what notes, now enumerated among the assets of the College, are deemed wholly worthless, in order that they may be no longer reported as part of the endowment of the College; for all which they are authorized to employ such legal counsel as may be necessary, or to make such compromises or adjustments as their judgment may approve, and to report to the Board at its next regular meeting. The Faculty report and accompanying papers were submitted. They are as follows. The Faculty of the Centre College of Kentucky would respectfully present the following report for the year ending June 21, 1888, to the Board of Trustees for their consideration. The following force of the collegiate departments has remained unchanged and the work of the College has been kept up to the standard. The students have shown themselves to be young men of average ability, diligence and of good morals. A few exceptional cases have been quietly disposed of. The Faculty takes great pleasure in stating that one of the members of the Senior Class, Lucien D. Noel, was the successful contestant for first honor in the Inter-collegiate oratorical contest held at Richmond, April 20, 1888. The reports on the library, museum, scientific fund and a copy of the College Catalogue for 1887-8 are made a part of this report and submitted with it. The College Home has continued under the charge of Mrs. Farrand with the usual success. The Preparatory Department during the year was taught by James B. Walton as principal. The Faculty, to whom the matter was referred, deeming it best that a change should be made in the assistant, William C. Grinstead was retired, and Robert L. Pulliam, a graduate of Centre College, was engaged in his place. Before coming to the Preparatory, Mr. Pulliam had proved himself to be an efficient and earnest teacher, having sent for some years some excellently prepared students to the College. The students have had their usual weekly recitations in the Bible. Dr. McKee, taking all the classes from September to March and the other professors continuing the work after his departure. The regular daily exercises in the chapel were also held. The following young men having completed the prescribed course are recommended for the degree of A.B. Benjamin Franklin Bowen, James Graham Denny, Edmund Lyne Hann, Edward Brierly Nelson, Lucien Doty Noel, William Mansfield Stodghill, Joseph Atwood Vanarsdall, George Boone Vanarsdall, James Madison Walton. �For the degree of B.S. - Obadiah Brumfield Caldwell, Nathaniel Clay Cureton. The Faculty, having examined certain documents certifying to the work done by the gentlemen named below, a former student of Centre College though not a graduate, but a graduate of the Theological Seminary at Princeton, N. J., would respectfully recommend that the honorary degree of A.B. be conferred upon the Rev. S. Addison McElroy of Louisville. Before concluding the report the Faculty desire to call the attention of the Board to one other matter not strictly college work. For several years Dr. Beatty has placed a sum of money in the hands of the Faculty for the purpose of employing an agent to canvas for students as far as possible for one man to do in the time allowed - part of the vacation. Mr. Thomas McWilliams has been so employed the past two years and some of our best students have come through his efforts. As the other colleges have their special agents in the field, some of them all the time, men especially detailed for the purpose, we cannot afford to wait with our hands folded for students. To be really efficient this work should be done as far as possible during June, when the schools are closing, and July. A real good "drummer" is a hard thing to get, and we desire to suggest this matter for the consideration of the Board, hoping the individual members of your body may know of some eminently proper person for this position, and that your body may think the subject worthy of serious deliberation. All of which is respectfully submitted. The following is a summary of the report on the library: Total volumes June 1, 1887 5,513 Donated during year 154 Purchased during year 21 Total to date 5,688 Besides these bound volumes there have been received 52 numbers of the official Gazette of the Patent Office and 25 pamphlets on various subjects. The report concludes as follows: On taking charge of the library some years ago, I found an oil painting, a portrait, in a very bad condition and without frame. I understand it is the portrait of Mr. Samuel Laird, a former liberal donor to the funds of the College. I would respectfully suggest whether it would not be proper and wise to have it repaired, if possible, framed and hung in the chapel with the others. (Signed) John C. Fales, Librarian The report on Museum shows: Number of entries on last report 3,068 �Added during year 29 Total entries to date 3,097 The report on the Scientific Fund shows: Balance due Prof. Fales last report $49.14 Expended during year $112.42 Annual appropriation $130.00 Thermometer in Heil's Bill $2.00 Balance due Prof. Fales $161.56 $132.00 $29.56 On motion the Faculty Report and accompanying papers were referred to a committee consisting of Dr. Martin and Mr. Kinnaird with directions to report on same. On motion Dr. Yerkes, Dr. Young, and Mr. Ernst were appointed a committee to report to a future meeting of the Board a minute on the death of Rev. Edward P. Humphrey, D.D., L.L.D., with discretionary power in preparing and publishing the same. On motion Drs. Young and Condit and Mr. Ernst were appointed a committee to report a name for a permanent chairman of the Board. A committee consisting of Messrs. Humphrey, Curry, and Nicholas was appointed to examine the papers presented relating to the Preparatory Department and to make any recommendations they may deem proper in regard to this department. On motion Mr. George W. Welsh, Jr., was added to the local committee on repairs. On motion the Board adjourned to meet at 8:30 a.m. tomorrow morning. 8:30 a.m., Wednesday, June 20th, 1888 The Board reassembled. The minutes of yesterday's meeting were read and approved. The report of the committee on the Faculty Report was read, received, and after discussion, was recommitted. On motion, the question of a change of time in the class of the College year was referred to a committee consisting of Drs. Martin and Young. The report of Committee to which was referred the papers relating to Preparatory Department was received and approved and is as follows: The Committee to who the consideration of the Preparatory Department of the College was referred, would report as follows: That for an exhibit of the receipts and expenditures furnished us we find them to be as follows: �Average annual receipts for the last three years $215.00 Expenditures: Assistant $800.00 Rent $75.00 Fuel $40.00 Janitor $60.00 $975.00 $1,525.00 From this you will observe the sum of $1,525 is left as the compensation of the Principal of the Preparatory Department, Prof. James B. Walton. This your committee consider as not too much for the services of so worthy, energetic, and efficient a Principal as Prof. Walton. We would therefore recommend that the present arrangement with Prof. Walton be continued. (Signed) Edward W. C. Humphrey, James A. Curry, George Nicholas On motion, the subject of the further endowment of the College was taken up for consideration and after a free conversation the following subscriptions were reported for the object and the condition mentioned in the paper to which they are appended: We, the undersigned members of the Board of Trustees of Centre College now in session, with a view to the increase of the general endowment of the College, and as an earnest expression of our judgment that an immediate increase should be made to said endowment, and with hope that it may encourage others to subscribe to said endowment hereby pledge ourselves to pay to the Treasurer of the Board the amounts set opposite our several names for the general endowment of the College: William C. Condit William Ernst $2,100.00 Payable four years after date, with interest from date; also $180 one year from date, $120 in two years, $60 in three years. $1,000.00 $360.00 Robert P. Jacobs In one, two, and three years with interest from date. Thomas H. Cleland Edward L. Warren $1,000.00 $100.00 Payable $500 July 1, 1888; $500 January 1, 1889 $1,000.00 William H. Kinnaird Payable in five years $500.00 Edward W. C. Humphrey $500.00 James A. Curry In five annual payments bearing 6% interest $500.00 J. McCluskey Blayney In five years with interest from date $1,000.00 William C. Young In five years with interest $1,000.00 Stephen Yerkes In two years with interest from date $500.00 James P. Hendrick $100.00 Claude B. H. Martin $300.00 �$7,700.00 It is understood that all these subscriptions bear interest from date. A motion was made to appoint Dr. J. McCluskey Blayney an agent of the Board to apply to the church in Kentucky or elsewhere for an increased endowment of Centre College. The motion was laid on the table for the present. On motion, the Committee of the Synod of Kentucky appointed to consider and report to that body some measure by which the wishes of the Alumni of Centre College might in some degree be consulted in the election of Trustees of the College, was requested to urge upon the Synod the importance of its hearty cooperation in the further endowment of the College. The Committee to nominate a suitable man for permanent Chairman of the Board presented the name of Rev. J. McCluskey Blayney, D.D., who was thereupon unanimously elected by the Board. On motion, the hour for recess was fixed at 12:30 p.m. and that for reassembling at 2:30 p.m. The subject of conferring degrees was taken up. On motion, the degree of A.B. was conferred on the following members of the Senior Class, recommended for that degree by the Faculty - Benjamin Franklin Bowen, James Graham Denny, Edmund Lyne Hann, Edward Brierly Nelson, Lucien Doty Noel, William Mansfield Stodghill, Joseph Atwood Vanarsdall, George Boone Vanarsdall, James Madison Walton. Also the degree of B.S. on the following members of the Senior Class recommended for that degree - Obadiah Brumfield Caldwell, Nathaniel Clay Cureton. Also A.M. in course on Hon. Wilkins G. Anderson, Class of 1859, Rev. Charles T. Thomson, Class of 1878, William K. Argo, Class of 1879, John L. Bosley, Class of 1882, Rev. Worden P. Nicholas, Class of 1883, Rev. Marcus M. Allen, Class of 1884, Rev. William E. Knight, Class of 1884, William P. Sandidge, Class of 1884, Clarence K. Crawford, Class of 1884, James A. Williams, Class of 1885. The Honorary Degree of A.B. was conferred on Rev. S. Addison McElroy, Louisville On motion it was resolved to confer the degree of D.D. on the present occasion upon not more than four persons. Several names were offered by various members of the Board for the degree and upon balloting the degree was conferred on Rev. W. O. Goodloe, Seymour, Indiana, Rev. J. J. Lucas, Allahabad, India, Rev. S. M. Neal, Shelbyville, Kentucky, Rev. E. L. Warren, Louisville, Kentucky. The report of the Committee on the Faculty report was presented, approved, and adopted and is as follows: The Committee appointed to consider the annual report of the Faculty recommends: 1. That the report be approved and that the request of the Faculty, asking the Board to confer the Honorary degree of A.B. on S. A. McElroy be granted. �2. 3. 4. That in the review of the year, we make grateful mention of the Divine favor to the College and record our hearty approval of the faithful service of the Faculty. That an appropriation of $150.00 be made to the departments of Prof. Fales and Prof. Nelson, being $130 to the former and $20 to the latter. That a committee of three be appointed to consider the religious interests of the College, especially as to modes of instruction and habits of worship, and report to the next meeting what changes, if any, are needful. (Signed) Claude B. H. Martin, William H. Kinnaird Drs. Martin and Yerkes and Robert P. Jacobs, Esq., were appointed a committee to carry out the recommendation in Section 4 of the report of the committee on the Faculty Report. See foregoing minute for this recommendation. A committee consisting of Messrs. Ernst and Humphrey was appointed to confer with a committee which had already been appointed by the Synod of Kentucky, the object of which was to devise and propose a method by which the Alumni of the College might have a voice in the selection of members of the Board of Trustees of Centre College. On motion, the Board then went into the election of a President of the College, and a ballot having been taken, it appeared that Rev. William C. Young, D.D., was elected by a vote of thirteen with two blanks, the requisite constitutional majority of two-thirds. On motion the election was then with great cordiality made unanimous by a rising vote. On motion, his salary was fixed at $2,500 a year, payable quarterly as the other Professors salaries; and-the use of the President's house, free of rent. A committee consisting of the Chairman Dr. Blayney and Mr. Ernst was appointed to notify Dr. Young of his election. Dr. Young appeared and the chairman announced to him his election to the Presidency of Centre College. Dr. Young in a frank and earnest speech expressed his acceptance of the office and his purpose to devote his best energies to the discharge of the duties devolving on him. On motion, Drs. Martin, Yerkes, and Young were appointed a committee to prepare a suitable minute in reference to Dr. Beatty's retirement from the Presidency of the College. On motion, C. W. Garth was elected a member of the Board in place of Rev. Edward P. Humphrey, D.D., L.L.D., deceased, and the Secretary was requested to report his election to the Synod for confirmation. On motion, it was resolved that a committee of this Board consisting of Rev. Dr. Blayney, Chairman of the Board, and Wm. Ernst, Esq., be and hereby is appointed to cooperate with the President elect in an earnest effort to secure subscriptions for the general endowment of the College to the amount of $100,000. On motion, it was resolved that when the Board adjourned it shall adjourn to meet at 8:15 this evening. On motion, it was resolved that the sale of the Creek Bottom lot by the Financial Committee for $40 be approved, and the Chairman of the Board was authorized to make a title to the same. The following committees were appointed for the ensuing year: Financial Committee - Messrs. Ormond Beatty, George W. Welsh, and Robert P. Jacobs Committee on Repairs - Messrs. John C. Fales, George W. Welsh, Guy E. Wiseman, and George W. Welsh, Jr. Auditing Committee - Messrs. Robert P. Jacobs and George W. Welsh �Committee on Investments - Messrs. Edward W. C. Humphrey, Edward L. Warren, George Nicholas, and C. M. Garth On motion, it was ordered that the traveling expenses of members from a distance be paid. 8:15 p.m. Wednesday, June 20 The Board reassembled. The Committee on the times of opening and closing the sessions of the College made a report which was adopted and is as follows: That the session of the College shall hereafter open on the second Wednesday of September, beginning in 1889. No other change was recommended. The following paper relating to Dr. John L. McKee was then adopted: In settlement of all matters of controversy between Dr. John L. McKee, Vice President of the College, and the Board concerning his salary and all claims or demands of every kind against the Board, it is ordered that the treasurer of the College pay to Dr. McKee out of the proceeds of the note of Mrs. Laura Ray, which have been heretofore collected by him, the sum of $1,200 and surrender to Dr. McKee the note of Mrs. Margaret Barrett for the balance due thereon, and the balance of the proceeds of the Laura Ray note is ordered to be added, if not already done to the principal, of the Vice President's fund, and that in the future the salary of Dr. McKee is to be such income and only such income as may be realized from the Vice President's fund. This action is dependent upon Dr. McKee's acceptance thereof, and which, being in the Board he signified, and also by subscribing this paper. (Signed) John L. McKee The Board then adjourned to meet at 9 o'clock tomorrow morning. The meeting was closed with prayer by Dr. Allen. On motion, it was resolved that the thanks of the Board be presented to Dr. McMurtry for his continued favor in the lectures which he has without compensation so generously delivered to the students on the subject of Physiology, etc., and the Secretary is directed to send him a copy of this resolution. 9 a.m. Thursday, June 21, 1888 The Board reassembled. The Committee on Dr. Beatty's resignation made the following report which on motion was adopted. Whereas by the election of Dr. Young the way is open to Dr. Beatty to retire from the Presidency of the College, according to his purpose and desire as expressed by his resignation two years ago, therefore 1. Resolved that the Board hereby accept Dr. Beatty's resignation and release him from all the official obligations of the Presidency; this resignation to take effect at such time as may be agreed upon between Drs. Beatty and Young. �2. 3. 4. Resolved that the Board hereby recommend the appointment of Dr. Beatty to the chair of Metaphysics in Centre College, earnestly requesting him to assume the duties thereof and providing as compensation the sum of $500 for one hour's service a day, for five days in the week. Resolved that the Board record its grateful recognition of Dr. Beatty's devotion to the College in consenting to bear the burdens of the Presidency during the two years since his presenting his resignation to this Board - an example of self-sacrifice which ought to stimulate us all to nobler efforts for the welfare of the College. Resolved that we express our profound sense of the benefits the College has received from Dr. Beatty's long, faithful, and efficient service, in the relations he has sustained to the institution for more than fifty years; and in now accepting his resignation of the office which he has so long filled with distinguished ability, we do extend to Dr. Beatty the assurance of our sincere and most affectionate regard and invoke upon him the blessing of Almighty God. (Signed) Claude B. H. Martin, William C. Young, Stephen Yerkes On motion the Board immediately proceeded to Dr. Beatty's election. He was elected Prof. of Metaphysics by the unanimous vote of all the members of the Board present (fourteen) and his salary and work was fixed according to the recommendation of the Committee. A committee consisting of Dr. Blayney and Messrs. Ernst and Jacobs was appointed to make arrangements for the public inauguration of the President elect. On motion the Chairman of the Board, or in his absence Dr. Yerkes, was instructed to announce at the close of the Commencement exercises the action of the Board in the election of a President. On motion it was resolved that when the Board adjourns it shall adjourn to meet in Frankfort, Kentucky, on Wednesday, October 10, 1888, at 12 o'clock noon. The reading of the minutes was called for and referred to the adjourned meeting. On motion the Board then adjourned and was closed in prayer by Dr. Yerkes. Ormond Beatty, Secretary Frankfort, Ky., October 11, 1888 At the session of the Synod the Board of Trustees of Centre College was convened by the Chairman, Dr. J. McCluskey Blayney, and Dr. William C. Condit was appointed secretary pro tem. The following seven members were present: Messrs. Warren, Allen, Blayney, Hendrick, Martin, Garth, Condit. The following resolutions were adopted: Resolved that the following rates of commission be paid for collecting the subscriptions made to Centre College: for those paid on or within six months after maturity, one and one-half per cent; for those paid after six months but before eighteen months, five per cent; for those paid after eighteen months, ten per cent. Provided, however, that on all sums of $1,000 or over, given by one person, not more than five per cent shall be paid, no matter when collected. Resolved that the actual necessary expenses of the Committee appointed by the Board to secure subscriptions for the College, in the prosecution of their work, be paid out of the money raised by them. �There being no other business, the Board adjourned. (Signed) William C. Condit, Secretary pro tem Danville, Ky., 4 p.m., Tuesday, June 18, 1889 The Board of Trustees of Centre College, pursuant to adjournment, met in the Session Room of the 2nd Presbyterian Church. It was called to order by the Chairman, Rev. J. McCluskey Blayney, D.D., and was opened with prayer by Rev. James P. Hendrick, D.D. The following members were present: Rev. Thomas H. Cleland, D.D., William H. Kinnaird, Esq., James A. Curry, Esq., Rev. J. McCluskey Blayney, D.D., Rev. James P. Hendrick, D.D., George Nicholas, Esq., George W. Welsh, Esq., William Ernst, Esq. Robert P. Jacobs, Esq. The following members elected at the last meeting of the Synod of Kentucky, took the prescribed oath of office: Messrs. George W. Welsh, William Ernst, and Robert P. Jacobs. Reasons for absence were sent by Rev. Heman H. Allen, D.D.; Rev. William C. Condit, D.D.; Rev. Thomas H. Cleland, and James Barbour, Esq. The minutes of the last annual meeting of the Board held in Danville, June 19 to 21, 1888, and also the minutes of the meeting held in Frankfort, October 11, 1888, were read and, with one correction, approved. The Treasurer, J. A. Cheek, Esq., made his report for the year ending March 31, 1889. This report bearing the certificate of the Auditing Committee that it had been examined by them and found correct, was received and approved by the Board and ordered to be put to record in Financial Statement book. The Faculty Report, including Reports on Museum, Library, Scientific and Mathematical Funds, was read, and on motion was referred to a Committee consisting of Messrs. Hendrick, Nicholas, and Ernst. On motion the Committee on Alumni cooperation in the election of Trustees, consisting of Messrs. Ernst and Humphrey, was ordered discharged, as the Committee of Synod with whom it was to confer had been discharged. Prof. Fales having announced the completion of the card catalogue of the Library, a laborious work on which he has been engaged for several years, a vote of thanks was awarded him. On motion the usual annual appropriation of $130 to the Scientific Department and of $20 to the Mathematics Department was ordered. The Committee on the inauguration of President Young announced that arrangements were in progress to have the ceremony take place in October next during the meeting of Synod. The Committee on the sale of the Creek bottom lot reported that title had been made to purchaser, the money received and passed into the Treasury. On motion the removal of the old frame house on the northwest corner of Old College Campus was referred to Committee on Repairs with power to act. On motion the Board adjourned till 9 o'clock tomorrow morning. �9 a.m., Wednesday, June 19, 1889 Board reassembled. Present: Messrs. Blayney, Cleland, Ernst, Nicholas, Welsh, Jacobs, Hendrick, Kinnaird, Curry, Martin. The report of the Committee on the Faculty Report was made, and on motion was received and approved. It is as follows: The Committee to who was referred the Report of the Faculty and accompanying papers, report That they have examined carefully the same and are much gratified at the evidences of faithful work done and substantial progress made in all the departments of the College during the year now closing. Everyone of the Faculty has been able to do full work through the year. The President, Dr. Young, has most vigorously and successfully prosecuted the endeavor to increase the Endowment Fund and has obtained in cash and subscriptions nearly $75,000. The number of students is increased, their diligence in study is fair, and their deportment very good. Faithful religious instruction has been given in the College and the Christian life of the students has been quickened and developed by societies maintained by themselves and in connection with the various churches of the town. We are glad to note that there are ten students for the ministry, some of them of rare promise of usefulness. The work in the Preparatory Department is also reported as thoroughly done, and a second assistant was employed to supply the increased demands of the Department. The Reports on the Library, Museum, and Mathematical and Scientific Funds all show substantial progress. A full card catalogue of the College Library was completed by Prof. Fales, the Librarian, during the year at a great expenditure of time and labor, for which we recommend that this Board express their high appreciation and return their hearty thanks. The Reports of the Scientific and Mathematical Funds exhibit wise expenditure of the means belonging to each, and the vouchers appended were on examination found to be correct, and we recommend their approval. We also recommend that the degree of A.B. be conferred on Edward Lee Grubbs, Patrick Pope Nicholas, and the degree of B.S. on Robert Templeman Caldwell, James Marshall Givens, Willis Green, Walter Evans Latimer, Augustus Owsley Stanley, and that a certificate be given to William Lawson Tarkington, all members of the Senior Class, and the degree of A.M. in course on William L. McEwan, Class of 1882; John M. Rankin, Class of 1882; Stonewall J. Pulliam, Class of 1886; John M. Rupley, Class of 1886 Respectfully submitted, (Signed) James P. Hendrick, William Ernst, George Nicholas President Young made a detailed verbal report of his work during the year in soliciting funds for the College. He had already achieved most gratifying success, having obtained nearly $75,000, and was confident that in the next year he would largely increase this amount. The Faculty of the Centre College of Kentucky begs leave to submit the following Report to the Board of Trustees and the Synod of Kentucky as showing the condition of the Institution during the year that will end June 20, 1889. The Faculty has all been able to discharge their duties without intermission during the year. Though the President has been in the field a large part of the time soliciting funds for the College, it has not interfered with the regular instruction of the students. For an account of the work done by the President during the year the Board is referred to a special report which will be made by him. The Reports on the Museum, Library, Scientific and Mathematical Funds, and a copy of the catalogue for 18881889 are made a part of this report and are herewith presented. �The College Home has continued under the management of Mrs. Farrand during the year, and has had a good degree of patronage from the students. Preparatory Department. No change has occurred in the head of this Dept. Mr. J. B. Walton being Principal and Mr. R. L. Pulliam First Assistant, as heretofore; but a Second Assistant, Mr. J. F. Walton, has been employed for the year, and with this increased force we believe more thorough instruction has been possible. There has been a slight increase in the number of students over that of last year. The session has been characterized by a fair amount of diligence on the part of the students and by exceptionally good behavior, there being no serious cases of discipline during the entire year. Daily Chapel Exercises and weekly recitations in the Bible have been conducted chiefly by Dr. McKee, and after his departure by the other members of the Faculty. The Young Men's Christian Association has held its regular weekly devotional meetings throughout the year. At some periods unusual interest has been manifested and we believe that real good has been accomplished by the Association. Protracted meetings have been held in several churches in the town and some students have made profession of faith in Christ during these meetings. Ten students have the ministry in view and most of them are very promising young men. The following members of the Senior Class, having completed the prescribed course of study, are recommended for the degree of A.B.: Edward Lee Grubbs, Patrick Pope Nicholas, and the following are recommended for the degree of B.S.: Robert Templemen Caldwell, James Marshall Givens, Willis Green, Walter Evans Latimer, Augustus Owsley Stanley; and for a certificate: William Lawson Tarkington All of which is respectfully submitted. (Signed) John W. Redd, Secretary of Faculty The Report on the Library shows: Number volumes at close of year June 1, 1888 5,688 Added during the year 140 Total in Library June 1, 1889 5,830 The card catalogue which was begun several years ago by the Librarian has been completed this year by his devoting all his spare time exclusively to this work. (Signed) John C. Fales, Librarian The Report on the Museum shows: Number of entries at close of last year 3,097 Added during year ending June 1, 1889 Archaeological specimens 10 Total 3,107 �The Report on Scientific Fund shows: Cash received of Treasurer $130.00 Total expended $100.41 Balance on hand $29.59 The report on Mathematical Fund shows Amount appropriated last two years $40.00 Paid leveling rod with expressage on same $21.25 $18.75 On motion a ballot was taken, conferring the degree of D.D. on Rev. Charles Haley, Newark, N. J.; Rev. Thomas Carlile, Paterson, N. J.; Rev. Samuel D. Crothers, Class of 1858, Greenfield, O. The report of the Financial Committee on the Subscription notes held by the College was received and approved. It is as follows: Danville, Ky., June 18, 1889 To the Board of Trustees of Centre College, From the best information at hand your committee believe the following notes uncollectible at the present time, and advise that the Treasurer be instructed to strike them from his list of notes presented to the Board in his annual statements. Notes Held for the General Fund 8 Notes 2 Notes 1 Note 1 Note 1 Note 1 Note 2 Notes 4 Notes 1 Note 1 Note 1 Note A.A. Baldwin, $25 each George Denny, Sr., $1000 each George Denny, Sr., Balance due James Harlan W.C. Kennedy, Balance due Eli H. Murray R.S. Millar, $25 each W.R. Phipps, $25 each W.R. Phipps, Bal. due S.E. Walker Thomas R. Young Total $200.00 $2000.00 $850.00 $50.00 $16.77 $250.00 $50.00 $100.00 $2.60 $25.00 $30.00 $3,574.37 Notes belonging to Vice President's Fund 4 Notes 3 Notes 3 Notes J.H. Bassett, $50 each Emma T. Bassett, $50, $50, $25 W.K. Wherritt $33 1/3 each $200.00 $125.00 $100.00 �Total $425.00 In addition to the foregoing the Committee have accepted of Rev. J. C. Randolph $400 cash, and an order from him on Mrs. Hoskins for $401.50 in full settlement of his $800 notes, with the full knowledge on the part of the Committee that the order on Mrs. Hoskins is of uncertain value and anything received on it will not be paid until her death. The Committee ask the Board to approve this action. Dr. Young surrendered to H. C. Gage of Louisville, Ky., his six notes for $25 each, amounting to $150, and received of him a new subscription for $100, for which he gave a new note. Mr. Gage was refusing to pay his old notes, claiming certain representations which were denied by Dr. McKee, who secured the original subscription. The Board is asked to approve the action of Dr. Young, and to direct the Treasurer to make all proper entries on his books to carry out the several recommendations of this paper. (Signed) Ormond Beatty, Robert P. Jacobs On motion, a bill for $17.25 against the town of Danville for repairing wire fence on east side of College Campus, was referred to Mr. Jacobs. On motion, the following resolution was adopted: Resolved that the President of the College be authorized to employ as much of his time during the current College year in an effort to increase the endowment fund of the College as he may deem expedient; and that he is warmly commended for his earnest and eminently successful work in that direction during the past year, and the thanks of the Board are hereby tendered to him for his faithful work. On motion, the following resolution was adopted: Resolved that the Board also express its high appreciation of Dr. Beatty's efficient services, so cheerfully rendered, in continuing his classroom instructions in the absence of the President; also for the special services of Dr. McKee and for the valuable assistance of Dr. Blayney in the work of securing funds for the College; for all of which the Board records its most cordial thanks. On motion, the following resolutions were adopted: Resolved 1st, that the whole subject of an additional instructor for the College during the coming year be referred to the Faculty to select and employ a man, and to arrange the kind and amount of instruction he shall give and the compensation he shall receive; 2nd. that during the coming year the Faculty be requested to so adjust the studies of the different professorships as to provide for the services of an additional permanent professor in the future, if the way be clear. On motion, the following resolution was adopted: Resolved that the action of the Board at Frankfort touching the percentage allowed the Treasurer of the College for collections be rescinded, and that the sum of $200 be paid the Treasurer for his services during the current year. On motion, the following resolution was adopted: Resolved that in lieu of the Committee of the Board known as the Financial Committee and the Committee on Investment, it is ordered that our committee, to be known as the Financial Committee, with the powers and duties of the other two committees, is hereby established; and said Financial and Investment Committees as heretofore existing are hereby abolished. The committee hereby established is to consist of the President and Treasurer of the college, ex officio, and three other members to be appointed by the Board. �On motion, the other three members of the Financial Committee, contemplated in the foregoing resolution, were appointed and are as follows: Messrs. Robert P. Jacobs, George W. Welsh, Jr., and Edward W. C. Humphrey. The following permanent Committees were reappointed for the ensuing year. Committee on Repairs - Messrs. John C. Fales, George W. Welsh, Guy E. Wiseman, and George W. Welsh, Jr. Auditing Committee - Messrs. Robert P. Jacobs and George W. Welsh On motion, Dr. Martin was authorized to make a statement on Commencement Day of what has been accomplished during the past year and of what it is the purpose to accomplish the coming year. The minutes of the present meeting were read, and on motion were approved for record. On motion, the Board adjourned to meet at 2:30 p.m., Tuesday preceding Commencement in the Session Room of the Second Presbyterian Church, Danville, or at the call of the Chairman. The meeting was closed with prayer by Dr. Martin. Ormond Beatty, Secretary Danville, Ky., 9 a.m., October 10, 1889 The Board of Trustees of Centre College met at the call of the Chairman, Dr. Blayney. The following members were present: Rev. J. McClusky Blayney, D.D., Rev. James P. Hendrick, D.D., Rev. Claud B. H. Martin, D.D., Rev. William C. Condit, D.D., William Ernst, Esq., James Barbour, Esq., Rev. William C. Young, D.D., C. M. Garth, Esq., Rev. A. A. Willits, D.D., Rev. Thomas H. Cleland, D.D. The meeting was opened with prayer. Dr. William C. Condit was elected secretary pro tem. The following members, elected since the last meeting, took the prescribed oath of office: Messrs. Humphrey, Garth, Cleland, Young and Willits. The following paper was adopted. Edward W. C. Humphrey having tendered his resignation as Custodian of the funds of the College, resolved that his resignation is hereby accepted, to take effect at the end of the present fiscal year, March 31, 1890, at which time said Humphrey is hereby authorized and directed to turn over all stocks and bonds in his hands as Custodian to John A. Cheek, Treasurer, and to take his receipt for the same. Resolved further that all the securities belonging to the College shall be kept in the vault of the Fidelity Trust and Safety Vault Company of Louisville, Ky., in a box having not less than two separate locks, and that one of the keys be kept in the possession of J. A. Cheek, Treasurer, and another in the possession of Edward W. C. Humphrey, of Louisville. On motion, the tuition fee of the College was raised from $40 to $50. On motion, a vote of thanks was tendered to the donors of the recent additions to the endowment fund, and President Young was appointed to communicate the same to them. On motion, the Board adjourned and was closed with prayer by Dr. Hendrick. (Signed) William C. Condit, Secretary pro tem �Danville, Ky., 2:30 p.m., Tuesday, June 17, 1890 Pursuant to adjournment the Board of Trustees of Centre College convened in the Session Room of the 2nd Presbyterian Church. In the absence of the Chairman, Dr. Blayney, the Board was organized by calling Dr. Yerkes to the Chair, and the meeting was opened with prayer by Dr. Yerkes. The following members were present: Rev. Stephen Yerkes, D.D., William Ernst, Esq., Rev. Claud B. H. Martin, D.D., George Nicholas, Esq., Rev. William C. Young, D.D., Edward W. C. Humphrey, Esq., James A. Curry, Esq. Mr. James A. Curry, re-elected at the last meeting of the Synod, took the prescribed oath of office. Reasons for absence were sent by Rev. J. McCluskey, D.D., James Barbour, Esq., Rev. William C. Condit, D.D., William H. Kinnaird, Esq., Rev. Edward L. Warren, D.D., Rev. Thomas H. Cleland, D.D., and Rev. Heman H. Allen, D.D. The Treasurer, John A. Cheek, Esq., read his report for the thirteen months ending April 30, 1890. This report, bearing the certificate of the Auditing Committee that it had been examined by them and found correct, was received and approved, and ordered to be put to record in the Financial Statement book. In connection with the Treasurer's Report the following paper was adopted. The minutes of the Financial Committee were read, giving an account of the collections, investments, etc., of the funds of the College. The minutes were approved and the investments of the Committee sanctioned. The Board commends the Committee for keeping a careful record of their acts in a strongly bound volume, which is directed to be safely kept among the records of the College. The following communication was received from the Treasurer: Danville, Ky., June 17, 1890 To the Board of Trustees of Centre College: In accordance with the order of the Board passed in October 1889, the Treasurer visited Louisville in April last and received of Edward W. C. Humphrey all the securities belonging to the College in his hands, and gave him proper receipts for the same. Box No. 308, with two keys, in the vault of the Fidelity Trust and Safety Vault Co. was rented and all the securities belonging to the College were placed therein, and one of the keys is now in the hands of Edward W. C. Humphrey and the other in the hands of the Treasurer. Instructions were left with the Vault Co. to allow the box to be opened in the presence of these two only, or by representatives of this Board duly accredited. Very respectfully, John. A. Cheek, Treasurer, Centre College On motion the following resolution was adopted. Resolved that the Faculty be and are hereby authorized to arrange for such additional instruction as they may deem advisable during the coming year. The Faculty Report, including Reports on Museum, Library, Scientific and Mathematical Funds, was read and approved. The Faculty Report is as follows. The Faculty of the Centre College of Kentucky would submit to the Board of Trustees and the Synod of Kentucky the following report. With the exception of Prof. Redd, who was absent for several weeks on account of his father's death, the Faculty have all been able to discharge their duties during the whole collegiate year without intermission. About one-half �of the President's time has been spent in the field soliciting money; during the other half he has been at his post giving instruction to the Senior and Junior classes, and personally directing the government of the College. As to the work done by the President while in the field, the progress made in enlarging the endowment, the present prosperous financial condition of the College, the Board is referred to the report of the Treasurer and the detailed oral statement made by the President. In compliance with the action of the Board at its last regular meeting, Mr. John D. Epes, from Johns Hopkins University, was employed by the Faculty as a special instructor in English. At the close of the first term of the session Mr. Epes was released from his engagement in order that he might take a special course in English in Johns Hopkins University in which he had been offered a scholarship. His work while here seemed to be faithful and efficient. The Faculty would report that he has been re-engaged at an advanced salary for the coming year. The Faculty would also state that, with the permission of the Board, the funds justifying such an enlargement, they think it advisable to employ still another instructor to take charge, probably, of the department of modern languages. The reports on the Museum, Library, Scientific and Mathematical Funds, and a copy of the Catalogue for 1889-90, are made a part of this report and are herewith presented. The College Home has continued during the year under the management of Mrs. Farrand and has been more largely patronized than for years past. The Faculty understand that the control of this department of the College work is placed by the Board in their hands, and their earnest desire and efforts will be directed toward making it as helpful as possible to the class of students which it was established to benefit. Mr. J. B. Walton still continues at the head of the Preparatory Department, and with two efficient assistants has done faithful, efficient service during the year, so far as we are able to judge. The Faculty strongly recommends that a Home Boarding Department in connection with the Preparatory Department, be established by the Board. There has been a marked increase in the number of students in college over that of last year. One or two students have been suspended for idleness and failure to attend their classes, but the conduct and industry of the overwhelming majority have been good. Daily chapel exercises and weekly recitations in the Bible have been regularly conducted during the whole year; the former by the President and Dr. McKee, and the latter by Dr. McKee and the other professors. We would especially note the devout behavior of the students during the morning religious service. We hope and believe that this service has been owned and blessed of God. The Young Men's Christian Association has had its regular devotional meetings during the year. The membership of the Association is larger and its zeal and activity are greater than for years past. We contemplate with great pleasure securing for this society more commodious and attractive quarters. (Signed) William C. Young, President �In addition to the foregoing written report from the Faculty, the President made an oral statement of his work in the field during the year in obtaining subscriptions for the endowment fund, scholarships, etc., in which he had been very successful. The report of the Librarian showed Number volumes at close of last year Added during the year Total in Library June 1, 1890 5,830 458 6,288 The report concludes as follows. The Librarian would respectfully state to the Board that there are quite a number of Reviews, etc., which have been donated to the College Library that should be preserved by binding. A small appropriation would effect this. He has himself also a set of the periodical entitled Nature which he is willing to donate to the Library provided the College is willing to pay for binding, there being some 30 volumes unbound. Complete sets are hard to obtain, and one was sold a few weeks ago by one of the second-hand dealers for $135. Respectfully submitted, (Signed) John C. Fales, Librarian On motion the sum of $50 was appropriated for binding unbound reviews, etc., in the College Library. The report on the Scientific Fund showed: Balance at close of last year Appropriation for 1889-90 Expenditures Amount paid for chemicals, etc. Balance on hand June 1, 1890 $29.59 $130.00 $159.59 $110.39 $49.20 Respectfully submitted, (Signed) John C. Fales, Professor Natural Sciences The report on the Museum is as follows: To the Board of Trustees of the Centre College of Ky.: In reference to the Museum of the College, I have no additions to report as entered on the Register. All my time has been spent on the catalogue of the Library, with some additional labor connected with the new Gymnasium building. While I regret this I feel that the work in my departments covers so much ground that I have done all that could be reasonably expected. Very respectfully, (Signed) John C. Fales The report on the Mathematical Fund is as follows: Balance on hand at close of last year Appropriation for 1889-1890 On hand June 1, 1890 $18.75 $20.00 $38.75 �I would state that it is my purpose to allow this fund to accumulate till it amounts to enough to purchase a good YLevel for the Mathematical Department, which will cost about $115. Very respectfully, Alfred B. Nelson, Prof. Mathematics On motion, $100 was appropriated to the Scientific Fund, and $20 to the Mathematical Fund, for the coming year. On motion, the following resolution was adopted: Resolved that the Board cordially approves the proposal to establish, under the supervision of the Faculty, a Christian home, especially for the younger boys in course of preparation for the College; such home being conducted by the principal of the Preparatory Department, or some other suitable person approved by the Faculty. Resolved that the sincere thanks of this Board be expressed to Rev. Stephen Yerkes, D.D., and Rev. S. D. Burchard, D.D., for the generous donation of valuable books to the Library of the College; and to Prof. John C. Fales and J. A. Cheek for their faithful, self-denying labors in behalf of the College. Resolved that the Secretary be instructed to communicate this resolution to the above named gentlemen. The following resolution was adopted. Resolved that the Secretary be instructed to cast the vote of the Board for George W. Welsh, Jr., to fill the vacancy in this Board caused by the death of his father, George W. Welsh, Sr., subject to the sanction of the Synod. The Secretary reported that he had so cast the ballot. On motion, it was resolved that a committee be appointed to bring in a suitable minute on the death of George W. Welsh, Sr., who so long served as a member of this Board. The Chair appointed Dr. Martin and Mr. Humphrey as the committee. The Committee on repairs was reappointed, omitting the name of George W. Welsh, deceased. This committee is as follows. Committee on Repairs: Messrs. John C. Fales, Guy E. Wiseman, and George W. Welsh, Jr. In the auditing committee the name of George W. Welsh, Jr., was substituted for that of George W. Welsh, deceased. This Committee is as follows. Auditing Committee: Messrs. Robert P. Jacobs and George W. Welsh, Jr. The financial committee was reappointed. It is as follows: Financial Committee: Messrs. J. A. Cheek and Edward W. C. Humphrey, William C. Young, Robert P. Jacobs, and George W. Welsh, Jr. In accordance with the recommendation of the Faculty, the degree of A.B. was conferred on the following members of the Senior Class: Joseph Walker Bowen, Jacob Twyman Boyer, Edward Hardy Bull, John Rice Cowan Henry Nelson Craik, Hayden Young Grubbs, Alexander Robertson Hann, Robert Leonard Oelze, John Thomas Price, Thomas Burnette Terhune, Horace Greely Turner, John Franklin Walton, Robert Hiner Winn, Daniel Hollingsworth Yeiser; and the degree of B.S. on William Beckner Bush, George Andrew McRoberts, John Sallee Van Winkle; and a Certificate on John Robert McRoberts; and a Special Certificate on Lee Riker Vanarsdall The degree of A.M. in course was conferred on the following graduates: Rev. Glenn Howard Putnam, 1878, Centreville, Iowa, Ernest Douglas Martin, M.D., 1885, Danville, Ky., Rev. Thomas Samuel McWilliams, 1886, Chilicothe, Ohio, Achilles Edward Davis, M.D. 1886, New York City, Shelley D. Rouse, Atty. at Law, 1886, Covington, Ky., Edward Melville Green, M.D., 1887, Danville, Ky. �On motion, a ballot was taken and the degree of L.L.D. was conferred on Hon. John Young Brown, 1855, Henderson, Ky., Judge Alexander Pope Humphrey, 1866, Louisville, Ky. On motion, the following resolution was adopted: Resolved that the Faculty be authorized to reduce the tuition fees in the Preparatory Department, if they shall deem it expedient to do so; and, if necessary in their judgment, to supplement the salary of the Principal of the Preparatory Department out of the College funds. On motion, the Secretary was instructed to call Mr. Jacobs' attention to bill against town of Danville for repairs on wire fence on east side of Campus. On motion, the Secretary was authorized to issue a duplicate certificate for scholarship (marked duplicate) to George W. Welsh, Jr., to replace last certificate belonging to George W. Welsh, Sr., said duplicate to be void in case the original certificate is found. On motion, an adjournment was taken till 9 o'clock tomorrow morning. 9 a.m., Wednesday, June 18, 1890 The Board reassembled, with the following members present: Messrs. Ernst, Nicholas, Martin, Curry, Humphrey, Jacobs, George W. Welsh, Jr., Dr. Yerkes being in the Chair. The meeting was opened with prayer by Mr. Curry. George W. Welsh, Jr., qualified by taking the prescribed oath of office. On motion, the following paper was adopted: The Board records with sorrow the death of George W. Welsh, Sr., whose decrease occurred October 15, 1889. Mr. Welsh was a thoroughly good man, and his sound judgment, rare tact, and large experience of affairs made him a valuable counselor in the deliberations of this Board. Every duty to which he was called as a member of the Board was discharged with conscientious fidelity, and his interest in the welfare of the College continued unabated till his death. The memory of Mr. Welsh will be tenderly cherished in our hearts, while his service for Christ and the Church will continue to bear fruit in the growing usefulness of the College, with whose history, in prosperity and in adversity, he had been so long and so closely identified. "Blessed are the dead which die in the Lord from henceforth; yea, saith the Spirit, that they may rest from their labors, and their works do follow them." (Signed) Claud B. H. Martin, Edward W. C. Humphrey On motion, the following resolution was adopted. Resolved that in approving the report of the Faculty, the Board records its high appreciation of the President's diligence and success in carrying forward the work of raising funds for the College. A motion was carried to appoint a committee on the erection of a new Theological Seminary building and dormitory on the College Campus, with full power to act. This committee was appointed and consists of Messrs. Jacobs, Welsh and Martin. On motion, the following resolution was adopted. The Board of Trustees having been informed that the Boards of Directors and Trustees of Danville Theological Seminary voted to pay $1,000 toward the erection of the BoyleHumphrey Gymnasium now being built upon the grounds belonging to Centre College, on condition that the students of said Seminary up to the number of twenty (20) should always enjoy all the privileges of said �Gymnasium without charge, therefore resolved that in consideration of the sum of $1,000 paid by the treasurer of the Seminary into the Gymnasium fund of the College, this Board orders and directs that the students of the Seminary up to the number of twenty (20) shall enjoy without cost all the privileges granted to the College members of the Gymnasium. A vote of the cordial thanks of the Board was tendered to Judge A. P. Humphrey and Hon. John Boyle for their large-hearted liberality in contributing the greater part of the fund for building the BoyleHumphrey Gymnasium. On motion, the following resolution was adopted. Resolved that the sincere thanks of this Board be expressed to Dr. Beatty for his self-sacrificing devotion to the interests of the College in doing for the last two years an amount of teaching far in excess of what he stipulated to do. On motion, a committee was appointed to report to the Board at its next meeting in regard to the advisability of shortening the College session one week in June. This committee consists of the Faculty of the College. The minutes of the present meeting were read and approved for the record. On motion the Board adjourned to meet 2:30 p.m. Tuesday preceding next Commencement in the Session Room of the Second Presbyterian Church, Danville, or at the call of the Chairman. The meeting was closed with prayer by Dr. Martin. Alfred B. Nelson, Assistant Secretary Danville, Ky., June 9, 1891 The Board of Trustees of Centre College held its regular annual meeting in the session room of the 2nd Presbyterian Church, with the Chairman, Dr. Blayney, presiding. The following members were present: George W. Welsh, Esq., William Ernst, Esq., Robert P. Jacobs, L.L.D., Rev. William C. Young, D.D., William H. Kinnaird, Esq., Edward W. C. Humphrey, Esq., James A. Curry, Esq., Rev. J. McClusky Blayney, D.D., R. J. Menefee, Esq., Rev. Stephen Yerkes, D.D., George Nichols, Esq., Rev. James P. Hendrick, D.D. The meeting was opened with prayer by the Chairman. On motion Alfred B. Nelson was elected permanent secretary vice Dr. Ormond Beatty, deceased. Letters, giving reasons for absence, were presented from James Barbour, Esq., Rev. Edward L. Warren, D.D., and Rev. Claud B. H. Martin, D.D. The minutes of the last regular meeting, held in June, 1890, were read, and after slight correction, approved. The following new and re-elected members, to wit, Messrs. Blayney, Menefee, Yerkes, Hendrick, Welsh, and Nicholas took the prescribed oath of office. On motion the secretary was authorized to insert the following minute of a meeting held in Louisville in October 1890. The Board of Trustees of Centre College met pursuant to call of the Chairman, with the following members present, viz. Messrs. Blayney, Condit, Young, Garth, Cleland, and Hendrick. On motion the Board, on the recommendation of the Faculty, changed the time of closing the College session from the third to the second Wednesday in June. After the adoption of this motion the Board adjourned. A committee, consisting of Drs. Yerkes and Hendrick, and Edward W. C. Humphrey, Esq., was appointed to prepare a minute relative to the death of Dr. Beatty - the Committee to report at the next regular meeting of the Board. �The Treasurer, John A. Cheek, Esq., read his report for the year ending April 30, 1891. This report, bearing the certificate of the Auditing Committee that it had been examined by them and found correct, was received and approved, and ordered to be put to record in the Financial Statement Book. A communication was read from the officers of the Hanging Fork Presbyterian Church at Hustonville, Ky., asking the Board to waive any claim they might have on the property in Hustonville known as the "Parochial School Property"; On motion the whole matter was referred to the Financial Committee, with full power to act; and the Chairman of the Board was authorized to sign and affix the College seal to the papers necessary to adjust the claim. On motion the sale of the College land in Texas was referred to the Financial Committee with full power to act; and the Chairman of the Board was authorized to sign the deed and affix the College seal thereto. The draft of the lease of a part of the College Campus to the Danville Theological Seminary on which to erect its new building and dormitory, drawn up by a Committee consisting of Messrs. Jacobs, Welsh, and Martin, appointed for this purpose, was read and approved; and the Chairman of the Board was authorized to sign said lease and affix the College seal thereto. The following communication was received from Rev. J. T. Lapsley, D.D.: I, James T. Lapsley, on behalf of myself and my deceased wife Elizabeth L. Lapsley, propose on given conditions to donate to the Trustees of Centre College, Ky., for educational purposes, certain property now owned by me in Lebanon, Ky., and valued at twenty-five hundred dollars ($2,500), and certain other property owned by me in Pleasant Hill, in Cass County, Missouri, and valued at three thousand dollars ($3,000); the property in Lebanon, Ky., to be divided into two equal scholarships of $1,250 each, and to be known as the James T. Lapsley scholarship and the Elizabeth L. Lapsley scholarship; and the Pleasant Hill, Mo., property to be divided into three scholarships of $1,000 each, and to be known as the Mary H. Lapsley scholarship, the Fannie E. Lapsley scholarship, and the Belle Lapsley Bruce scholarship; and the proceeds of the several scholarships to be appropriated annually and in perpetuity to aid young men in their College course in preparation for the Gospel Ministry; provided, however, that so long as I live, or during my natural life, any and all income in the way of interest, or lease, or rental annually accruing from said property, whether in Lebanon, Ky., or Pleasant Hill, Mo., excepting so much as shall be required to pay insurance on said property and to keep the same in ordinary repair, shall accrue to myself and be for my personal benefit. And I will at the option or will of said Trustees retain the oversight of said property, and collect rents and look after insurance and repairs, or if they prefer otherwise will turn over the entire control to themselves. Should the above proposal with its conditions be accepted by said Trustees and their proper signature be added to my own to make this instrument legal and binding on both parties, I will then at once convey to said Trustees in legal form property as aforementioned. Witness my hand April 29, 1891 (Signed) James T. Lapsley On motion Dr. Lapsley's offer was accepted, and on behalf of the Board the Chairman was authorized to sign and affix the College seal to the papers necessary to conclude this agreement. The report of the Faculty was read by President Young, and the accompanying reports of the Librarian, etc., were read by the Secretary. The Faculty report is as follows. �The Faculty of the College would submit to the Board of Trustees its annual report as follows. During the past session the number of students enrolled has been considerably larger than during any single year for more than a quarter of a century. The exact number as shown by the catalogue is 133 in the College and 101 in the Academy. Deducting 3 who have recited in both, the net number who have been in attendance is 231. This increase is the more significant and gratifying, as it has been in the College proper. Four new departments, conducted by instructors, have been in operation during the session. This marked enlargement in the scope of instruction has furnished most valuable facilities for the constantly increasing number of young men who desire to pursue special courses of study, and will enable us to offer a larger number of elective studies to the members of the advanced classes who are studying for degrees. Owing to the large increase in the number of students and the establishment of these four new departments, some difficulty has been experienced in perfectly systematizing our work of instruction during the past year. It is confidently believed, however, that during the next session everything will be thoroughly adjusted, and that the College will derive full benefit from this enlargement of its curriculum. The session has been characterized by a fair degree of fidelity on the part of the students. Two students were suspended for disrespect shown to their teachers, and one was sent home on account of idleness and absence from the classroom. Irregularity of attendance upon the part of some of the students has given trouble and perplexity to the Faculty. A plan, borrowed from some of the Eastern colleges, will be put in operation during the next session which it is believed will greatly abate this evil. The spiritual condition of the College has not been, we grieve to say, what we have hoped and prayed for. A series of preaching services conducted by Dr. Worrall was held during the winter in the 2nd Presbyterian Church, and was attended very largely by the students. Once and again it seemed as though many of them would be led to Christ, but for some cause the blessing was withheld. The daily prayer service in the chapel has been well attended both by the professors and the students. The Young Men's Christian Association has carried on with commendable zeal and fidelity its work through the whole session. A commodious, beautiful hall has been provided for this Society in our new Gymnasium, and we confidently expect more efficient and faithful work during the coming year. Owing to the fact that so few of the students attend the church in which most of the Faculty worship, and our consequent ignorance as to their attending any religious service on the Sabbath, it is a serious question whether, with our enlarged number of students and the increase of ministers in the Faculty, the time has not come to establish a regular Sabbath preaching service in the chapel, attendance on which shall be compulsory, unless the student be excused by the President. We recommend that this matter be committed to the President, VicePresident, and Dr. Worrall, with authority to establish such a service, if they think best. For information concerning the Library and Museum the Board is referred to accompanying reports on these subjects, which are made a part of this report. The Preparatory Department, which with the consent of the Board will henceforth be called "The Centre College Academy," has never, we believe, done better work or been in a more thoroughly organized and efficient condition. As was intimated to the Board at its last regular meeting, a new and most important feature has been added to this branch of our work in the opening, in the home of the Principal, of a Home Boarding Department. The success attending this movement has been most gratifying. A large addition will be made to Mr. Walton's house during the summer, and it is hoped that every room will be occupied. If this expectation should be realized, we trust that during the coming year means will be provided to erect, on the grounds belonging to the College, a large house with all modern conveniences which may be placed in charge of another master. �The College Home, still in charge of that most excellent lady manager, Mrs. Farrand, has been full during almost the entire year. The students occupying it have been among the very best in the College. An immediate and most urgent material need of the College is a new building to be used exclusively for scientific work, and an additional teacher to divide the instruction in this wide department with the one greatly overworked Professor who alone has charge of all these branches. The earnest consideration of the Board is asked with regard to this subject. (Signed) William C. Young, Chairman of Faculty In concluding the foregoing report Dr. Young spoke as follows. I desire to supplement the foregoing report with a few remarks and sad suggestions to the Board. In beginning the preparation of this report we were sadly reminded of the fearful loss sustained by the Faculty, the College, the Church, and the State in the sudden death of Dr. Ormond Beatty, which occurred soon after the last regular meeting of the Board. For more than fifty years identified with the College as student, professor, and president, it is but simple truth to say that in the performance of all duties Dr. Beatty was faithful, devoted and efficient. I move the appointment of a committee to prepare a suitable minute in relation to the death of Dr. Beatty, this committee to report at the next regular meeting of the Board. This motion was carried, and in accordance therewith the Chairman appointed Drs. Yerkes and Hendrick, and Edward W. C. Humphrey, Esq. On motion the report of the Faculty, together with accompanying reports on the Library, Museum, etc., was received and approved. The report on the Library is as follows: Number vols. in Library at beginning of year Added during the year Total in Library 6,288 701 6,989 Of these additions all have been catalogued except about 200. The number of cards has become so great that no means exists in the Librarian's hands to arrange them for use, and by the end of next year they will probably reach 25,000, as the magazines and journals uncatalogued will use a large number. Your Librarian would therefore represent to your body the advisability of procuring a suitable case, such as is used by the standard libraries of the country. A case to hold 18,000 cards will cost about $45 ($42-$50 at factory). This would answer for the present with what room we now have. Your Librarian would also state than an offer has been made to the Library of the North American Review from July, 1885, to July, 1891, inclusive (12 volumes), provided the College will bind the same for permanent preservation. Constant application is made by students for this Review, as the articles therein treated are largely in the range of the debates in the Societies. The money appropriated for binding last year was more than wisely expended. Very respectfully submitted, (Signed) John C. Fales, Librarian �On motion the Librarian was authorized to purchase the case in question and to have the 12 vols. of the North American Review bound. The report on the Scientific Fund is as follows: 1890 1891 June 1, Balance on hand Appropriation for year June 1, Expenditures during the year Balance due me $49.20 $100.00 $149.20 $189.43 $37.23 The above amount is so largely overdrawn because I had entered into negotiations with Mr. Julian on the supposition that I was to have my usual appropriation of $130; but for some reason the amount was reduced to $100, much to my surprise, as I had been told a few years before that an application made by myself, the yearly appropriation should be fixed at $130. Very respectfully, (Signed) John C. Fales The report on the Mathematical Fund is as follows: Balance at close of last year Appropriations for 1890-91 Balance April 30, 1891 $38.75 $20.00 $58.75 Respectfully submitted, (Signed) Alfred B. Nelson At this point Dr. Martin being present, thus making up the thirteen members necessary to elect permanent professors, it was moved and carried that the Board proceed to the election of a professor in the College whose work shall be determined by President Young, and whose salary shall be in proportion to the work he performs. Rev. J. M. Worrall, D.D., was put in nomination, a ballot was taken which was unanimous in his favor, and he was declared elected. It was moved and carried that the Board proceed to the election of a professor of Civics and Economics, whose salary shall be in proportion to the work performed. Hon. J. Proctor Knott was put in nomination, and the ballot taken being unanimously in his favor, he was declared elected. On motion, a committee on instruction was appointed, consisting of Drs. Young and Yerkes, Mr. Robert P. Jacobs, and Prof. Fales. On motion, the Faculty was authorized to employ such additional instruction as they may deem advisable during the coming year. On motion, a committee, consisting of Drs. Blayney, Young and Yerkes, Robert P. Jacobs, and Alfred B. Nelson, was appointed to frame a system of rules to govern the Faculty in their administration of the affairs of the College. It was resolved on motion that only the permanent members of the Faculty should be authorized to vote on questions of administration, discipline, etc., coming before that body. �On motion, the incidental fee of the College was increased from $5 to $10, beginning with the coming session. On motion, the sum of $120 was appropriated to the Scientific Department for the ensuing year, and $70 was appropriated to extinguish the debt created in the Mathematical Department by the purchase of a Wye Level. The question whether the degree of A.M. in course shall continue to be conferred by the Board was referred to the Committee on Instruction. In accordance with the recommendation of the Faculty, the degree of A.B. was conferred on the following members of the Senior Class: Thomas Reynolds Best, Leslie Carrol Bosley, Henry Albert Brown, William Groves Burton, James Owen Cooper, Edwin Rue Curry, Archie Logan Denny, Henry Nichols Faulconer, William Bell Hann, Samuel Boyd Rogers, Tyler Elliott Utterback, Thomas Phillips Welch; and the degree of B.S. on Thomas Francis Dolan, Graham Lawrence, James Grant Sebastian, Woodruff Irvine Williams, David George Wright; and a Certificate on Richard Apperson, William Newton Craig. The degree of A.B. was also conferred on the following ladies, daughters of the late Dr. John C. Young, who completed the College course with the Classes 1849 and 1851 respectively, viz. Mrs. Mary Y. Rout, Mrs. Caroline Y. Douglas, Mrs. E. H. Rutherford. A. B. honorary was conferred on Charles H. Willits, M.D., of Philadelphia, Pa. A.M. in course was conferred on Dwight N. Marble, Class of 1882, Louisville, [Ky.], Union Worthington, M.D., Class of 1883, Salt Lake City, Clinton C. Owens, M.D., Class of 1884, Maysville, [Ky.], George Z. Dimmitt, Class of 1884, Denver, Colorado, Rev. William E. Bryce, Class of 1886, Louisville, [Ky.], Robert W. Eastland, Class of 1886, Danville, [Ky.], Joseph A. Van Arsdall, M.D., Class of 1888, Wilmore, [Ky.], Rev. George B. Van Arsdall, Class of 1888, Westville, Ind., Rev. James M. Walton, Class of 1888, Greensburg, [Ky.], Hugh M. Grant, Class of 1886, Lancaster, [Ky.] A.M. honorary was conferred on S. G. Boyle, Lexington, [Ky.], Rev. G. B. Wagner. Newport, Ky., Judge J. W. Alcorn, Stanford, [Ky.], Robert. W. Steele, Attorney at Law, Denver, Coorado. D.D. was conferred on Rev. J. H. Walker, College Hill, Ohio, Rev. W. S. Fulton, Lexington, Ky., Rev. William. R. Henderson, Omaha, Neb., Rev. E. H. Pearce, Danville, Ky., Rev. S. B. Alderson, Washington C. H., Ohio. L.L.D. on Hon. Robert P. Jacobs, Danville, [Ky.], Hon. Robert Rodes, Bowling Green, [Ky.] On motion, a committee consisting of Drs. Young, Worrall, and McKee, was appointed to consider the question of establishing a Sabbath service to be held in the College Chapel, the committee to report at the next regular meeting of the Board. On motion, the Board sanctioned the change of name of the "Preparatory Department" to "The Centre College Academy." The permanent committees were reappointed and are as follows: Committee on Repairs - Messrs. John C. Fales, Guy E. Wiseman, and George W. Welsh Auditing Committee - Messrs. Robert P. Jacobs and George W. Welsh �Financial Committee - Messrs. John A. Cheek, Edward W. C. Humphrey, William C. Young, Robert P. Jacobs, and George W. Welsh On motion, a circular was authorized to be sent to the members of the next Kentucky Legislation and to the State officers, offering each the privilege of nominating one indigent and worthy young man to a free scholarship in the College proper, the circular also stating that no one unable to pay tuition has ever been turned away from the College. Drs. Young and Blayney, Robert P. Jacobs, and Alfred B. Nelson were appointed a committee to carry out the foregoing resolution. The following resolution was adopted: Resolved that Dr. John L. McKee's note for $200, belonging to the Vice President's Fund, be given to Dr. McKee. The minutes of the present meeting were read and approved for record. On motion the Board adjourned to meet at 2:30 p.m., on the Tuesday preceding next Commencement Day, in the Second Presbyterian Church, Danville, or at the call of the chairman. The meeting was closed with prayer. Alfred B. Nelson, Secretary Danville, Ky., January 6, 1892 The Board of Trustees of Centre College met pursuant to the following notices. Danville, Ky., December 28, 1891 The Board of Trustees of Centre College will meet in the Session Room of the Second Pres. Church of Danville on Wednesday, January 6, 1892, at 3 p.m. As the business to be transacted is of a routine character, the presence of members from a distance is not necessary. J. McCluskey Blayney, Chairman, by Alfred B. Nelson, Secretary Danville, Ky., January 1, 1892 Touching the meeting of the Board of Trustees called for January 6th instant, it is deemed proper to state that the special business to come before the Board is the action of Synod looking to the increase in the number of Trustees from nineteen to twenty-five. J. McCluskey Blayney, Chairman, by Alfred B. Nelson, Secretary The following members were present: Rev. J. McCluskey Blayney, D.D., J. A. Curry, Esq., R. P. Jacobs, L.L.D., Rev. W. C. Young, D.D., Rev. C. B. H. Martin, D.D., Rev. S. Yerkes, D.D., G. W. Welsh, Esq. The meeting was opened with prayer by Dr. Yerkes. The Chairman, Dr. Blayney, stated the object of the meeting in accordance with the foregoing notices. On motion, the following resolution was adopted: In pursuance of the action of the Synod of Kentucky at its last meeting held in the city of Owensboro, Resolved, that it is the sense of the Board that the number of members of the Board should be increased from nineteen to twenty-five; and that a Committee of two be appointed, of which the Chairman of this Board shall be one and R. P. Jacobs the other to procure proper authority from the General �Assembly of Kentucky for that purpose and that the same committee act in the interest of Centre College in all matters of legislation by said Assembly concerning this and institutions of like character. It was moved and carried that the Charter of the College be so changed that, instead of two-thirds of the Board being necessary to elect officers of the College, a simple majority shall be necessary to elect said officers, and that the committee appointed in the preceding resolution be entrusted with the duty of carrying this motion into effect. On motion the President of the College was authorized to appoint an agent to collect tuition and other fees of the College until the next regular meeting of the Board in June, and to fix the compensation therefore. On motion the following resolutions were adopted: Resolved that the Treasurer of this Board sell the ten Chesapeake and Ohio Railway Company first consolidated mortgage five per cent, registered gold bonds due 1939, for $1,000 each, numbered 37 to 46 inclusive. Resolved that the Rev. J. McCluskey Blayney, Chairman of this Board, be authorized and empowered to assign and transfer said bonds, and to execute on behalf of this Board any papers required to complete the sale and transfer of said bonds, and to affix the seal of this corporation thereto. On motion the Board adjourned, and was closed with prayer by the Chairman. Alfred B. Nelson, Secretary Danville, Ky., March 29, 1892 Pursuant to call of the Chairman the Board of Trustees of Centre College convened in the Session Room of the 2nd Presbyterian Church for the purpose of taking action in reference to increasing the number of members of the Board from nineteen to twenty-five, under authority of a recent act of the Legislation; and also for the transaction of any other business that may come before the Board. The following members were present: Rev. J. McCluskey Blayney, D.D., G. W. Welsh, Esq., C. M. Garth, Esq., R. P. Jacobs, L.L.D., Wm. Ernst, Esq., Rev. S. M. Hamilton, D.D., E. W. C. Humphrey, Esq., Rev. W. C. Young, D.D., J. A. Curry, Esq., Rev. S. Yerkes, D.D., Rev. C. B. H. Martin, D.D. The Board was called to order by the Chairman, Dr. Blayney, who opened the meeting with prayer. The following persons, viz. Messrs. Hamilton, Welsh, Garth, Ernst and Jacobs, after being duly qualified, took their seats as members of the Board. The minutes of the meeting held in June, 1891, and of the meeting held in January, 1892, were read and approved. Rev. W. S. Fulton, D.D., was put in nomination to fill the vacancy caused by the death of Rev. Thomas H. Cleland, D.D., and he was elected by a unanimous ballot. On motion, a committee consisting of Drs. Young and Jacobs, and Edward W. C. Humphrey, Esq., was appointed to consider and report on changes in the College charter proposed to be made under authority of a recent act of the legislation. On motion, a committee consisting of President Young and Alfred B. Nelson was appointed to examine the minutes of the Board from the beginning and extract there from all the by-laws that have been enacted from time to time. The Treasurer, John A. Cheek, Esq., made a comparative statement showing a large growth in the income of the College for the last four fiscal years. �This was followed by President Young with a statement in regard to the increase in the number of students of the College, the enlargement of its sources, its present prosperous condition, and the encouraging outlook for the future. He emphasized one imperative need of the College, to wit, the expansion of the scientific work, and the erection of a new scientific building. The Board then took recess till 7:30 p.m. The Board reassembled at 7:30 p.m. and proceeded to business. The Committee on proposed changes in the Charter of the College reported that they deemed it inexpedient to make any alterations. On motion this report was received and approved. The following paper was adopted: Whenever in the opinion of the Financial Committee of the Board there is such a prospect of funds being received sufficient to erect a suitable building for scientific purposes, said committee, with the name of Prof. John C. Fales added thereto, is hereby authorized to have such building erected and to use of the surplus income of the College for the year 1892 a sum not exceeding $5,000, and not exceeding a like amount from the surplus of income for the year 1893. On motion, the following resolution was adopted: Resolved, that the thanks of the Board of Trustees of Centre College be hereby extended to Mr. Thomas H. Swope in recognition of his munificent gift to the College, and that this unanimous action of the Board be conveyed to Mr. Swope. Dr. Young reported the special expenditure in the final equipment of the Gymnasium and in the preparation of the athletic grounds; and, on motion, his action in these matters was approved by the Board. On motion, the President was authorized to employ Prof. Berry as director of the Gymnasium for one or more years. On motion, the Faculty was authorized to employ Prof. Hubbard and such other instructors as may be necessary for the ensuing year. The minutes of the meeting were read and approved for record, after which the Board adjourned and was closed with prayer by Mr. Curry. Alfred B. Nelson, Secretary 9 a.m., Danville, Ky., May 4, 1892 The Board of Trustees of Centre College met at the call of the Chairman at 9 a.m. in the Theological Seminary building. The Chairman, Dr. Blayney, presided and the meeting was opened with prayer. In the absence of the secretary, Dr. William C. Condit was appointed secretary pro tem. The following members were present: Rev. J. McCluskey Blayney, D.D., Rev. S. M. Hamilton, D.D., Rev. C. B. H. Martin, D.D., Rev. W. C. Young, D.D., Rev. W. C. Condit, D.D., Rev. S. Yerkes, D.D., E. W. C. Humphrey, Esq., Rev. W. S. Fulton, D.D., W. H. Kinnaird, Esq. Dr. W. S. Fulton appeared and was duly qualified. �The following resolution was unanimously adopted. Resolved that the Board consider it inexpedient to postpone the Commencement exercises on account of the absence of Dr. Young at the General Assembly; and that Dr. Young be granted leave of absence from Commencement of the present year at his own discretion. The meeting then adjourned and was closed with prayer. (Signed) W. C. Condit, Secretary pro tem. Danville, Ky., June 7, 1892 The Bd. of Trustees held its regular annual meeting in the parlor of the Second Presbyterian Church at 2:30 p.m. The following members were present: Rev. S. Yerkes, D.D., Geo. Nichols, Esq., Rev. C. B. H. Martin, D.D., J. A. Curry, Esq., Rev. J. P. Hendrick, D.D., G. W. Welsh, Esq., R. P. Jacobs, L.L.D., W. H. Kinnaird, Esq., Rev. W. S. Fulton, D.D. In the absence of the Chairman, Dr. Hendrick was called to the chair, and the meeting was opened with prayer by Dr. Fulton. Satisfactory reasons for absence were presented from C. M. Garth and Dr. Heman H. Allen. The minutes of the meetings held March 29, 1892, and May 4, 1892, were read and approved. The minutes of the proceedings of the Financial Committee were read by the Treasurer, John A. Cheek; and on motion these minutes, and likewise the transactions of the Committee, were approved. The Report of the Treasurer for the year ending April 30, 1892, was read. This report, bearing the certificate of the Auditing Committee that it had been examined by them and found correct, was received and approved, and ordered to be put to record in the Financial Statement Book. The Financial Committee was authorized to omit from the assets of the College as given in the Financial Report, such notes as in their judgement are of no value. The Report of the President of the College, including a personal statement from him, the Report of the Faculty, embracing reports on the Library and Scientific Fund, were read and, on motion, were received. These reports are as follows: Report of the President to the Board of Trustees of Centre College Dear Brethren: On behalf of the Faculty I would submit the following brief report: The number of students matriculated in the College - over 150 - is greater than during any year since 1861. The general conduct of the students, freedom from disorder, and excesses of any kind, have been on the whole most commendable. While a number, on account of continued absence from recitations or want of adequate preparation, have been sent home or put back in the Academy, yet no serious case of discipline has occurred during the session. The two most serious causes of trouble are those above mentioned inadequacy of preparation, students slipping into classes for which they are not-prepared, and absence from the classroom. The Faculty is considering measures by which it is confidently expected that during the coming year, both of these evils will be greatly diminished. �The health of all of the professors has been most mercifully preserved during the year, and the courses of instruction as outlined in the catalogue, have been regularly prosecuted. The President during a good portion of the time has been away from Danville in the interests of the College. Owing to a projected change of Ethics from the Junior to the Senior year, and also to the fact that our system of elective studies not having been perfected, each class had more than its determined number of studies, the President has undertaken no regular class work. He hopes that the coming year will be the last during which much of his time will be occupied infield work. He proposes, however, during this year to conduct for one term at least recitations in two classes, Junior and Senior. Dr. Worrall and Gov. Knott have entered regularly upon the class work of their departments, and have done most efficient service. For the accomplishment of the best results, two additional professors are greatly needed, one for the department of Chemistry and Physics, the other for the department of Modern Languages. The work of the last of these has been distributed among the other professors. It is being well done, and, for a time, without any serious loss this chair can remain vacant. We should, however, plan and look forward to its being filled at as early a date as is practicable. A second teacher in the Scientific Department is, however, an urgent, pressing need. Our present income would probably justify his employment now; but until our projected new scientific building is erected, he would be without quarters or apparatus for his work. I call attention to these things, not asking any present action, but that you may have them in mind. I would ask that the Faculty be authorized, as in the past, to employ any additional temporary instructors that may be needed. It is not probable that any will be required; but in case the Freshman Class is large, a tutor may be a necessity. I would also report that I have assumed the responsibility of making Mr. Berry a fair offer for his services during the coming year. I am confident that our experience is not sufficient with this department to justify the Board in making its instructor a regular Board elected officer of the College. I wish the work in this department, as also the compensation, to be left in charge of the Faculty. While a most valuable adjunct, the whole Athletic Department, I can already see, will require close supervision and direction. I have assumed to state in the catalogue that exercise in the Gymnasium will be with us, as in all the best eastern colleges, required. The fee for the whole year has been put at the low price of $6. The Vice President, Dr. McKee, will in my absence present names of those recommended for degrees. Prof. Fales will present reports on the Library and Scientific Dept. I send with this a brief paper from myself personally as President. Very truly, (Signed) William C. Young Dr. Young's personal statement is as follows: To the Board of Trustees of Centre College Dear Brethren: In addition to Report of the Faculty herewith submitted I respectfully ask consideration of, and if they should commend themselves to your judgement, action upon the following recommendations: �1. 2. 3. 4. 5. 6. 7. A hearty endorsement and commendation of the movement to raise $30,000 among the Alumni and friends of the College during the current year for the erection of a scientific building. Continue committee on courses of instruction and committee on rules for guidance of Faculty and government of College, with instructions to report at next regular annual meeting of the Board. Grant to President for another year power to employ for a reasonable compensation some one to attend to collection of Gymnasium and tuition fees. The result of this work during the past year has far more than justified its expense. I cooperate with and aid in every possible way the collector. As different arrangements seem to have been made with different professors, pass some general resolutions to following effect: The Board, save in those exceptional cases where special arrangements have made, claims the right to call on each of the professors for 16 hours class-room work each week; and for any temporary extra work owing to sickness or absence of any professor no extra compensation can be claimed. Add $50 to salary of each regular professor. I hope this will be done. I hope nothing more will be done at this time. We must move slowly in this matter. I hope we can make a small increase each year till the salaries amount to $1,650 or $1,700. But we must husband our resources in view of appropriation of $5,000 a year made to scientific building, and the necessity for soon providing for additional professors. We can afford an addition of $50 and I think we should make it. Give degree of Ph.D. to Miss Leila McKee. It will be an honor worthily bestowed. Give degree of D.D. to Rev. William S. Plumer Bryan, Second Presbyterian Church, Cincinnati. I would advise giving no other honorary degrees this year. We gave a large number last year. It will be well to call a halt this year. As to Mr. Bryan, he is thoroughly deserving; a number of influential men in Cincinnati have asked for it. His church has been most liberal to us. Give formally President leave to spend during next year what time he deems desirable in outside work for College. Very truly, (Signed) William C. Young On motion, each recommendation contained in these papers was taken up and approved, with the exception that the recommendation as to compulsory attendance upon and fee for Gymnasium, was modified as follows: Attendance upon Gymnasium, amount of fee to be charged therefore, and remission of the same in whole or in part in exceptional cases, are referred to the discretion of the Faculty of the College, with full power to act as it deems best. On motion the papers as a whole with the modification mentioned above, were then approved. The Report of the Faculty is as follows: To the Board of Trustees of Centre College: Gentlemen: The Faculty of the College having learned that the President of the College has sent in his report, desire to add the following as their part of said report: During the year the Gymnasium has been opened, and regular classes organized and instructed by Physical Director Berry. Grounds for outdoor sports have also been prepared in the rear of the College buildings. �The Faculty desire to state that while feeling assured that if properly managed these gymnastic exercises and sports will be undoubtedly beneficial to the students, and indirectly to the College; yet on the other hand they feel equally certain that if they are not controlled and restricted by stringent rules rigidly enforced, they will prove a nuisance and work evil to all. The Faculty would recommend the young men whose names are here presented for these degrees: Bachelor of Arts: Louis Bryan, William Stephen Burch, Eugene Wilbur Cook, Jas. Reed Curry, Henry Livingston Godsey, John Ray Honey, Patrick Joyes, Jr., William Scott Lawwill, Thomas Prather Nicholas, William Jennings Price, Edward Virgil Spicer, John Elmer Turner Bachelor of Science: George Howe Green, Harry Beverly Irvin, John Harkins Johns, William Woolfolk Johnson Certificate in Elective Course: Francis Breckinridge Douglass, Edwin Lafayette VanWinkle, John David Ziegler, Calvin Morgan Fackler The Faculty unanimously recommends Prof. H. T. Eddy, President Rose Polytechnic Institution, Terre Haute, Indiana, for the honorary degree of L.L.D., and Dr. Robert T. Morris, of N.Y. for the honorary degree of A.M. John W. Redd, Secretary Faculty The following is a summary of the Report on the Library: Number books in Library June 1, 1891 Number books added during year, by gift Number books added during year, by purchase Number books in Library, June 1, 1892 6,989 193 1 7,183 The Report concludes as follows: In my last Report I requested the Board to order the purchase of a case to hold the cards containing the catalogue of the subjects in the Library, which was promptly done. I found, however, on ordering the case that none was made large enough to contain the number of cards, and that two would be needed. As the Board had ordered the purchase of only one case, and as the two would cost more than the original request contemplated, I did not feel at liberty to purchase but one. I therefore desire that the Board will kindly permit the purchase of an additional case and outfit, that all the cards may be accessible for use. I may add that since the cards have been introduced the use of the books in the Library has largely increased. Respectfully, (Signed) John C. Fales, Librarian The report on the Scientific Fund showed: Balance due Prof. Fales June 1, 1891 Expenditures during year Appropriation for 1891-1892 Balance on hand June 1, 1892 $37.23 $65.52 $102.75 $120.00 $17.25 �(Signed) John C. Fales On motion, the recommendations for degrees made by the Faculty were taken up in detail, and all the degrees were conferred as recommended. On motion, the request of the Librarian for authority to purchase an additional case for the card catalogue was granted. On motion, the Faculty report as a whole was approved. Prof. Fales' resignation as chairman of the committee on Repairs was presented; and on motion he was requested to withdraw said resignation, and continue at the head of said committee, at least for the present. The Committee on Repairs was instructed to remove the small brick building west of the College Home, which has long been a nuisance to the neighborhood. On motion, the Faculty was given control of the Gymnasium, and it was authorized and requested to prescribe rules for the management thereof, and for the whole Athletic Department. The usual annual appropriation of $120 was made for the Scientific Department for the coming year. The Committee appointed to prepare a suitable minute on Dr. Beatty was continued, and requested to report at the next regular meeting of the Board. On motion, the following paper was adopted: This Board extends to Prof. Fales its hearty thanks for the time and labor he has devoted to the College Library, and for his good taste in the arrangement of the books, and the efficient plans adopted for the increasing usefulness of the Library. On motion, the following committee was appointed to prepare a minute on Dr. T. H. Cleland, late a member of this Board, viz. J. A. Curry, Dr. Stephen Yerkes, and W. H. Kinnaird. The standing committees were reappointed for the ensuing year. They are as follows: Committee on Repairs - Messrs. John C. Fales, Guy E. Wiseman, and George W. Welsh Auditing Committee - Messrs. R. P. Jacobs, and George W. Welsh Financial Committee - Messrs. J. H. Cheek, Edward W. C. Humphrey, William C. Young, R. P. Jacobs, and George W. Welsh On motion, the degree of A.M. in course was conferred on: Robert F. Caldwell, Class of 1889, Edward Lee Grubbs, Class of 1889, George E. Davis, Class of 1886 The minutes of the meeting were then read and, on motion, were approved for record. The Board then adjourned to meet on Tuesday, June 28th instant, at 4 p.m. in the parlor of the Second Presbyterian Church, that being the time fixed for the adjourned meeting of the Board of Trustees of the Theological Seminary. The meeting was closed with prayer by Dr. Hendrick. �Alfred B. Nelson, Secretary Danville, Ky., 4 p.m., June 28, 1892 The Board of Trustees of Centre College met pursuant to adjournment, with the following members present: Rev W. C. Young, D.D., J. A. Curry, Esq., R. P. Jacobs, L.L.D., G. W. Welsh, Esq., Rev. S. Yerkes, D.D., W. H. Kinnaird, Esq., Rev. W. S. Fulton, D.D. In the absence of the Chairman, Dr. Blayney, Dr. Fulton was chosen to preside, and Dr. Young opened the meeting with prayer. On motion Mr. George W. Welsh was appointed secretary pro tem. On motion, the degree of A.M. in course was conferred on Rev. Evander McNair, of the Class of 1857. Dr. Young moved that the degree of L.L.D. be conferred on Hon. Boyd Winchester, of the Class of 1855, whereupon the ballot was spread and the degree was conferred by unanimous vote. A letter of resignation as a member of the Board was presented from C. M. Garth, Esq., assigning as a reason his inability to attend the meetings of the Board. On motion his resignation was accepted. On motion of Dr. Young, Gov. John Young Brown was elected to fill the vacancy in the Board, subject to the confirmation of the Synod. The offer of an annual gift of magazines to the College Library by Profs. Fales and Nelson was accepted with thanks; and the Librarian was authorized to have same bound from year to year, and the Treasurer was ordered to pay the bill therefore. On motion, the minute of June 7th touching the removal of a certain nuisance in the rear of the College Home, was amended by authorizing and instructing the Committee on Repairs to erect a suitable building in a convenient place to answer the purpose of the one removed. On motion, the following resolutions were adopted: 1. 2. 3. It is the judgement of the Board of Trustees that henceforth there shall be a closer connection between the Academy and the College, and that something should be done to give greater efficiency to our Academy work. As tending to secure these results the Board of Trustees hereby places the Academy under the supervision of the Faculty, instructing them to appoint, if it be found practicable, a Head Master who shall be coordinate and coequal with Prof. Walton. All details between the Principals of the Academy and the Faculty shall be arranged by the President of the College and Professors Fales and Nelson, after conferring with the Principals of the Academy. If this scheme be put into operation, the Committee as above named shall present to the Board at its next regular meeting a detailed plan covering the relations of the Academy with the College. If in carrying on the work of the Academy during the coming year under the first resolution, it be found that the income from the Academy is not sufficient, a sum not exceeding four hundred dollars from the General Fund of the College may be used to supplement the deficiency thereof. On motion, a committee consisting of Dr. Fulton and Mr. Curry was appointed to make known to Prof. Walton the action of the Board contained in Resolutions 1 and 2. The minutes of the meeting were read and approved for record. The Board then adjourned to meet on the Tuesday before Commencement at 2:30 p.m. �Alfred B. Nelson, Secretary Danville, June 13, 1893 The Board of Trustees held its regular annual meeting in the parlor of the 2nd Presbyterian Church at 2:30 p.m. The following members were present: Dr. William C. Young, Dr. Stephen Yerkes, Dr. Claud B. H. Martin, James A. Curry, Esq., George Nicholas, Esq., Robert P. Jacobs, Esq., William Ernst, Esq., Rev. William C. Condit, Dr. J. McCluskey Blayney, Dr. M. S. Fulton, William H. Kinnaird. Session opened with Prayer by Dr. J. McCluskey Blayney. Treasurer's report was received, and on motion approved, and ordered to be recorded. On motion, the Financial Committee was given authority to sell the land bequeathed by Dr. Ormond Beatty, and settle all accounts between the estate of Dr. Beatty and the College. The same committee was given authority to sell back the Magnolia Bonds to the Columbian Trust Co. at 104% and accrued interest, as the College has a right to do under the contract made at the time of purchase. The Finance Committee was authorized to adjust the claim held against Mrs. Avery, giving her time - if she gives a note with satisfactory security - provided that Dr. John L. McKee approves the settlement made, in writing. The request of Dr. James K. Lapsley as to some change in his bequest to the College of certain real estate is to be arranged by the Finance Committee, and the Chairman of the Board of Trustees is authorized to make such deeds as may be necessary in adjusting the matter. The opening of a street through the College grounds is referred to the Finance Committee, and the President of the Board of Trustees is hereby authorized to make any deed or deeds that may be necessary. The resignation of Dr. Alfred B. Nelson as secretary was received and accepted. The report of the Faculty was received and approved. On motion, it was ordered that an addition of $50 per annum be made to present salary of each of the professors beginning with 1st of October next. Authority was given to the Committee on Repairs to tear down Sayre Library building, and rebuild the same on a new site at a cost of $2,500. The Financial Committee is authorized when sufficient funds are obtained to erect a scientific building to cost about $27,000. On motion, the Treasurer of the Board is directed to pay Professor Fales $100 as a small expressive of the gratitude of the Board for his faithful services in the interest of the College. The collection all fees is committed to the President, and such assistant as he may employ, and this is to be a standing rule. �The Committee to examine the minutes as to business of the Board be continued and that Professor Cheek be substituted for Dr. Nelson. The following Trustees took the oath of office: Rev. W. S. Fulton, Rev. William C. Young, James A. Curry, William H. Kinnaird The following degrees in course were conferred: Rev. W. F. Overstreet, A.M., Rev. Horace G. Turner, A.M., Rev. John M. Bruce, A.M., Lucien D. Noel On the following the degree of B.S. - Henry P. Brown, London, Ky., Claude Lester Jones, Mill Springs, Ky., Frank Kennedy, Carlisle, Ky., David Claude King, Danville, Ky., Courtney Parmele, Louisville, Ky., William Harrison Sallee, Danville, Ky., Felix Brown Twidwell, Hustonville, Ky., James Lowry McWilliams, Brownsboro, Ky. On the following the degree of A.B. - Henry Charles Buell, Osborne, Ky., George Fulton, Harper, Kansas, William Henry Funk, Lebanon, Ky., Archie Roy Griggs, Hustonville, Ky., Martin D. Hardin, Frankfort, Ky., Edward Hopper Hudson, Barbourville, Ky., John. Perkins Pratt, Carlisle, Ky., John W. Scott, Lexington, Ky., James Hugh Swango, Frankfort, Ky., Greenberry Bright Swinebroad, Lincoln County, Ky., Thomas Munnell Cornelison, Mt. Sterling, Ky. On motion, the following honorary degrees were conferred: Rev. John G. Praig, the degree of D.D., Rev. Samps, the degree of L.L.D., Hon. Adlai Stephenson the degree of L.L.D. On motion, Dr. William C. Young, Dr. Claud B. H. Martin, Dr. J. McCluskey Blayney, Hon. Robert P. Jacobs, and George W. Welsh were appointed a committee to confer with the Trustees of Caldwell Institute on the subject of putting that Institution under the control of the Synod of Kentucky - and if the way be clear the committee authorized to bring the matter before the Synod at its next regular meeting. The usual amount ($120) was made for the use of the Scientific Department for the ensuing year. Seventy-five dollars was appropriated for the purchase of a surveyor's compass and chain, also $100 to buy reference books for the English department. The resignation of Dr. A. M. Hamilton as Trustee was received and accepted. Dr. William C. Young and Hon. Robert P. Jacobs were appointed a committee to report a suitable minute on the death of Menifee, a member of this Board. The committee to report a biographical sketch of the late Dr. Cleland made a report which was accepted and ordered to be spread on the minute book and the committee discharged. Dr. William C. Young, William Ernst, and George Nicholas were appointed a committee to report suitable persons to fill vacancies in the Board. June 14, 1893 The Board of Trustees of Centre College convened according to adjournment at 9 o'clock a.m. at home of President Young and was called to order by the chairman, Rev. Dr. Blayney. The secretary being absent, Rev. Dr. Fulton was elected secretary pro tem. �The title of A.M. was conferred upon Mr. Lucien Noel. The following was adopted as a standing rule of the Board: "Hereafter resolutions of the Board concerning deceased members shall be recorded in the minutes, and shall be accompanied by a reference to the obituary sketch which shall be filed among the papers of the Board." Dr. Nelson's resignation as secretary of the Board was accepted, and the thanks of the Board were given to him for his faithful discharge of the duties of the office. It was resolved that hereafter the regular meeting of the Board be on the Tuesday before commencement at 9 o'clock a.m. The expediency of abolishing corporal punishment in the Academy of the College was referred to the Faculty with request to report to the Board at its next meeting. The following persons were elected to fill the vacancies caused by death and resignation. In the Class of 1893 in place of Richard Jouett Menefee of Louisville, John A. Simpson of Covington; in the Class of 1894, in place of James Barbour of Maysville resigned, Hon. Adlai E. Stevenson, L.L.D.; and in place of Rev. S. M. Hamilton , D.D., of Louisville resigned, Hon. John M. Harlan of Washington City. The attending committees of last year were reappointed. The Board then adjourned, after prayer by Dr. Yerkes, to meet on the Tuesday before Commencement in the lecture room of the Second Presbyterian Church of Danville, Ky., at 9 o'clock a.m. subject to the call of the Chairman in the interim. William C. Young, Acting Secretary of the Board Danville, Ky., June 12, 1894 The Board of Trustees of Centre College held its regular annual meeting in the session room of the 2nd Presbyterian Church. The Chairman, Dr. Blayney, opened with prayer. The following members were present: Rev. J. McClusky Blayney, Gov. John Young Brown, George W. Welsh, William H. Kinnaird, Robert P. Jacobs, James A. Curry, George Nicholas, Edward W. C. Humphrey, Rev. W. S. Fulton, Rev. William C. Young. John A. Cheek was appointed as Secretary pro tem. Rev. J. McClusky Blayney, Gov. John Young Brown, and George Nicholas took the oath of office as prescribed by the charter of the College. The minutes of the previous meeting were read and approved. The minutes of the several meetings of the Financial Committee held since the last regular meeting of the Board of Trustees were read to the Board and on motion were approved. The Treasurer's Report for the fiscal year ending April 30, 1894, was read, and on motion of Edward W. C. Humphrey was approved and ordered recorded in the financial statement book. The Faculty Report was as follows: �The Faculty of Centre College would present to the Board of Trustees, and through it, to the Synod the following report for the year ending June 13, 1894. 1. 2. 3. 4. 5. The Faculty remains the same as last year and every member has with very few absences, attended regularly to the duties of his department. Reports of the Museum, Library, and Scientific fund for 1892 and 93 were prepared by the Professor who has this work in charge; but through some inadvertence were not submitted last year to the Board. These with the reports for the session just closing, and a copy of the annual catalogue are now presented as a part of this report. Emphatic attention is called to the pre-eminent success which has attended the administration during the year of the College Home. Two years ago, with some apprehension, the administration of the Home was committed to the students themselves. Two students selected by the President were appointed to take executive control. The plan has proved in every respect successful. During the session from 30 to 40 students have had rooms in the Home. For the most part the best order has been preserved. The cost of boarding has been reduced to the small sum of $2.25 per week. It is the purpose of the Faculty to reserve the privileges of the Home for young men of good moral character, studious habits, and limited means. In January Mr. Walton, the Principal for 8 to 10 years of the Academy, asked to be released from his engagement with the College. The Faculty seemed forced to release him, though by doing so the College would be subjected to a considerable expense in conducting the Academy until the end of the session. Arrangements were made with his two assistants, Messrs. Rupley and Turner, to carry on the school during the rest of the session, the Faculty agreeing to supplement the tuition received by $250. We ask the Board to endorse this action. The Academy as thus manned has done well. Indeed we question whether in many years more satisfactory and efficient work has been accomplished. During the coming year Prof. J. M. Rupley will probably be engaged as Principal; and with one assistant, some work being done by several members of the Faculty, we hope to see this most important department placed on a broader and higher plane of service than it has ever been. Our annual catalogue, a copy of which is presented with this report, will show that the number of students in attendance during the session has been larger by more than a dozen than ever before in the history of the College. This, certainly in view of the unusual monetary stringency, is a matter of great encouragement. The conduct of the students with few exceptions has been good and the same is true of the fidelity in study. We are not able to record any deep general spiritual interest during the year; and yet a number of students have accepted Christ. The Young Men's Christian Association has maintained an active, vigorous life. The regular instruction in the Bible has seemingly been blessed and three or four of the graduating class have already decided to become ministers of the Gospel. The Faculty recommends the degree of A.B. be conferred upon the following members of the Senior Class: Degree of A.B. - Thomas Lindsey Blayney, Thomas Bronston Brooke, Horace January Cochran, Frank Douglass Curry, Robert Pollock Dow, Frank James Duffy, Bent Goodloe, Walter William Greer, Albert H. McClure, Joseph T. Monfort, Lawrence Nicholas, Richard Spetnagel, Henry Waller, Thomas Francis Walton. Degree of B.S. - Charles Chauncey Bagby, Lemuel Hardin McHenry, Lucien Q. Nelson, Casey McKee Owsley, Meredith E. Prewitt. �Certificates be granted to Phill Thompson Chinn and Charles H. Holmes. We recommend that the degree of A.M. in course be granted to Henry A. Brown, Class of 1891, W. J. Williams, Class of 1891, Augustus E. Rogers, Class of 1891, Henry M. Faulconer, Class of 1891, Wilson H. Cralle, Class of 1891. On motion, the Faculty Report was approved and the degrees and certificates as recommended were conferred. The report of Prof. John C. Fales on Scientific Department and Library was referred to committee consisting of Edward W. C. Humphrey and Dr. W. S. Fulton. The question of the extension of the water mains from the city water works through the College grounds was referred to the Financial Committee with power to act. On motion, recess was taken until 2 o'clock p.m. and the meeting at that hour was to be held at the President's House. 2 o'clock p.m. Board met pursuant to adjournment. Dr. Heman H. Allen and Dr. James P. Hendrick, who had arrived on the noon train were present, in addition to those members present at the morning session, and took the prescribed oath of office. On motion, the committee on Female Annex was continued with discretionary powers. On motion, Dr. William C. Young was elected Secretary of the Board. On motion, the matter of a law department was referred to the local members of the Board, as a committee with power to act. Degrees conferred by the Board were as follows: degree of L.L.D. on Dr. S. A. Mutchmore of Philadelphia, Hon. Claude Matthews, Governor of Indiana, Rev. Dr. David McDill of Xenia, Ohio; degree of D.D. on Rev. J. C. Randolph, Rev. Maurice Waller, Rev. John B. Worrall; degree of Ph.D. on William T. Knott, Class of 1847 The President supplemented the Faculty report by a full oral statement with regard to his own labors, and the work, condition and prospects of the College. On motion, the Faculty was instructed to make arrangements for the instruction of the Sub-Freshman Class in English, Latin and Greek, by the Professors of those departments. Dr. Young and Prof. Fales were appointed a committee to secure an instructor in modern languages, if in their judgement the services of such an instructor were needed. A request of Dr. James T. Lapsley that the Trustees deed a certain house and lot in Pleasant Hill, Mo. to Warren H. Young in consideration of $400, which is to be secured by a trust deed on the property conveyed, was granted; and on motion Dr. Blayney, as chairman of this Board, was directed to sign the deed conveying this property, and affix the corporate seal of the College. �Recess was taken until 9:30 a.m., Wednesday morning and meeting to be held in session room, Second Presbyterian Church. 9:30 a.m., Wednesday, June 13th 1894 Board met pursuant to adjournment. The Report of Edward W. C. Humphrey and Dr. James P. Hendrick (who had been substituted for Dr. Fulton) as a committee, to whom Prof. Fales's reports on the Scientific Department and the Library had been referred, was presented and adopted; and is as follows: The Committee to which was referred the accounts of Prof. Fales as Librarian of Centre College for the years ending June 1, 1893, and June 1, 1894, report that they have carefully examined the same and are glad to note an increase in the number of vols. during the two years of 231, making the whole number now in the Library 7,414 volumes. Your committee has also examined Prof. Fales' statements of receipts and expenditures for the Laboratory for the years ending June 1, 1893, and June 1, 1894, with the accompanying vouchers and find same correct. We recommend the approval of the reports, and statements, and that the usual annual appropriations to those two objects be made for the coming year. (signed) James P. Hendrick, Edward W. C. Humphrey The regular committees were continued for the ensuing year, and are as follows: Committee on Repairs - Messrs. John C. Fales, George W. Welsh Auditing Committee - Messrs. Robert P. Jacobs, George W. Welsh Financial Committee - Messrs. Robert P. Jacobs, George W. Welsh, William C. Young, and John A. Cheek The minutes of the meeting were read and approved for record. The Board then adjourned to meet on the Tuesday before Commencement 1895 at 9 :30 a.m. William C. Young, Secretary Danville, Ky., June 11, 1895 The Board of Trustees of the Centre College of Kentucky held its regular annual meeting in the session room of the Second Presbyterian Church of Danville, Ky. The meeting was opened with prayer by Rev. Stephen Yerkes, D.D. The following members were present: Rev. J. McClusky Blayney, Rev. Stephen Yerkes, Rev. William C. Condit, Rev. Claud B. H. Martin, Rev. W. S. Fulton, George Nicholas, John A. Simpson, James A. Curry, Robert P. Jacobs, George W. Welsh, Edward W. C. Humphrey, Rev. William C. Young. Dr. William C. Condit, George W. Welsh, Robert P. Jacobs, John A. Simpson and Dr. Claude B. H. Martin took the oath of office as prescribed by the charter of the College. On motion Dr. J. McClusky Blayney was elected Chairman and all acts of Dr. Blayney as Chairman since last elected were on motion ratified and confirmed. The minutes of the last regular meeting of the Board of Trustees were read and approved. The minutes of meetings of the Financial Committee held since the last regular meeting of the Trustees were read to the Board and on motion were approved. The Treasurer's Report for the fiscal year ending April 30, 1895, was read and on motion the same was approved and ordered recorded in the financial statement book. The Report of the Faculty was as follows: �The Faculty would preface its report to the Board with an expression of its gratitude to God for his goodness to them personally and to the College during the past year. With the exception of slight indispositions which have kept one and another professors for a few days from their classes, the health of the faculty has been exceptionally good and their work has been continuously prosecuted. A few severe cases of illness, none however terminating fatally, have occurred among the students, and several on account of ill health have returned to their homes. In punctuality of attendance, orderly behavior, and devotion to study, the great majority of the students have exhibited a good measure of fidelity. In a few cases, where after repeated warnings they appeared incorrigible, parents have been asked to withdraw their sons. In several other instances marked tendencies to disorder have been met and checked by the suspensions, for varying periods, of the chief offenders. The Board will of course recognize that with the largely increased number of students cases of disorder will naturally tend to multiply. No cases however have occurred with which the faculty has not within the clear sphere of its authority, as determined by the Board, been fully competent to deal. The annual catalogue, a copy of which is in the hands of each member of the Board, shows that as to the number of students the past year has been the most successful in the whole life of the College. For the first time more than 200 names have been enrolled in the regular College classes. These represent about [blank space] states. The Faculty With the close of the present collegiate year Dr. John M. Worrall and Rev. Charles F. W. Hubbard close their official connection as teachers with the College. The former of these has been for several years through election by the Board a regular professor, and has had charge of the chair of Mental Philosophy, and in addition to this has divided with the President and Vice-President instruction in the Bible. Dr. Worrall as the Board knows has given only a part of his time to the College, his chief work being in the seminary. It has seemed best to him to devote himself wholly to seminary work, and the Board of Directors of the Seminary, having asked him to do this, he for this reason retires from the College. Our regret at the severance of Dr. Worrall's official connection with the College is lessened by the knowledge that his home will still be in Danville and that his interest in the College will still continue. The Board might well express its appreciation of Dr. Worrall's faithful devotion to his work and especially his deep interest in the spiritual welfare of the students. Mr. Hubbard who now also closes his connection with the College; while never elected to a professorship by the Board, has for several years performed the duties and received the salary of a full professor. His mental equipment, his literary culture, his devotion to his work have greatly endeared him not only to the faculty and students, but to the citizens of Danville. It would, it seems to us, be appropriate for the Board to express its appreciation of his high character and efficient service. Correspondence is now in progress for the purpose of obtaining an instructor in English and French to supply Prof. Hubbard's place. A highly recommended post graduate of Cornell has been engaged to assist, as Instructor, Prof. Fales in the Scientific Department. He will have charge especially of the branches of Chemistry and Physics. For both of the above actions the approval of the Board is asked. The College Home During the past year as for several years before the house has been conducted by the students themselves. The President, assisted by a committee of the faculty, has kept it under his own inspection. While occasional acts of disorder have been committed and a few fines have been imposed, yet we feel that the present method of administration has been successful and that the Home has proved a most valuable adjunct to our College work. �The President will, in the future as in the past, exercise as far as practical personal supervision over the Home, assign rooms to the students who live there, and enforce rules for its orderly administration. The Academy As the President will speak at some length to the Board on this department, we would content ourselves now by saying that the experiment of having some of the instruction given by members of the College faculty has worked well. The number of students as compared with several years ago shows a material decrease. This will be accounted for in large measure by the increased efficiency of our free city school, and by the existence of several other competitive schools. The teaching and the discipline, we believe, have never been surpassed in the life of the Academy. Reports of Prof. Fales on the library and museum are submitted as part of this report with the request that the usual appropriation be made to the scientific fund for the coming year. In closing the Faculty would respectfully ask the Board to pass the following resolutions. 1. 2. 3. Resolved that all speeches to be made on what is known as class days shall be submitted to the Faculty or a committee thereof and all personal allusions deemed improper or offensive shall be expurgated. Resolved that pending action of the Board with regard to the literary requirements necessary to obtain the degrees of A.M. and Ph.D. no such degrees be granted by the Board after its present meeting. Resolved that the Faculty be authorized to provide any extra instruction which may be needed in the College and Academy. On motion, the Faculty report was approved as a whole, and the resolutions recommended therein were adopted by the Board. On motion, the following affecting the Law Department was taken: 1. 2. 3. Resolved that the salary of Gov. Knott, Dean of the Law Faculty, is fixed for the present at $1,600 per annum; but whenever after the incidental expenses of this department are paid one half the fees from this department shall exceed that amount, he shall be paid the excess, up to $2,000. Resolved that the other half of the fees - the incidental expenses being deducted - shall be paid in equal parts to the other two professors. Resolved that $1,000, or so much of that amount as is needed, be appropriated towards the purchase of a law library. On motion of Dr. Martin, the attention of the Committee on Repairs is called to the Academy Building. The faculty recommended that the degree of A.B. and B.S. be conferred on the following graduates in the Collegiate Department, viz. Degree of A.B. - George W. Colvin, George W. Jean, Arthur W. Cox, Alvin S. Kendall, Robert McK. Dillehay, Robert W. Hunn, Baker C. Terhune, Lucien R. Curry, Robert L. Kinnaird, James C. Rawlings, Charles P. Cecil, George H. Walker, Charles H. Holmes, Spencer C. Smith. �Degree of B.S. - George R. Boyer, Joseph G. Hackley, Charles M. Miller, William M. Washington, Walter S. Allen, John F. Lawwill, James G. Vallandingham, Henry Jackson, Roger S. Lawrence, John Stofer, Robert C. Wickliffe. Certificates were granted to Archie R. Dunlap and Eugene L. Pearce Degree of B.L. on the following graduates of the Law Department - Richard B. Bell, Francis B. Douglass, James H. Dorman, Ulie J. Howard, Rollin H. Kash, Austin L. Peay, William J. Price, Greenberry B. Swinebroad, Joseph B. O'Sullivan, Hiram H. Tye, James H. Swango, Richard G. Williams. Degree of A.M. in course on following: Class of 1884 Class of 1889 Class of 1891 Class of 1891 Class of 1892 Class of 1892 Class of 1892 Class of 1891 Foucher W. Samuel Edward L. Grubbs Thomas P. Welch Edwin L. Curry W. J. Price Rev. Edward V. Spicer J. Elmer Turner Rev. Tyler E. Utterback Louisville, Ky. Shelbyville, Ky. Barnes Medical College, St. Louis College of Physicians and Surgeons, New York Law Department, Centre College, Danville, Ky. Louisville, Ky. Beaumont, Texas Pine Bluff, Mo. On motion, the Board conferred degrees on the foregoing as recommended. By unanimous vote the following honorary degrees were conferred - degree of L.L.D. Hon. John H. Rogers, Fort Smith, Ark.; degree of D.D. Rev. W. L. McEwan, Pittsburgh, Pa. Reports of Prof. John C. Fales on Library and Scientific Fund were handed to committees, the former to Dr. Fulton and Mr. Simpson and the latter to Dr. Condit and Mr. Humphrey. On motion, the Financial Committee was directed to eliminate worthless notes from the Treasurer's Report and the Treasurer was directed to call attention of subscribers to any amounts of principal and interest past due and urge payment of same. On motion, the chairman was authorized to appoint a committee to procure a landscape gardener to submit a plan for improving and beautifying the grounds. The Chairman appointed Dr. Fulton, Dr. Young, and Mr. Humphrey. On motion, the Board adjourned to meet at 2:30 p.m. at President's House. Board met pursuant to adjournment at 2:30 p.m. The following report from committee to examine report of Prof. Fales. "Your committee reports we have examined the report of Scientific Fund with vouchers. We find it all correct and recommend approval." William C. Condit, Edward W. C. Humphrey �Rev. John M. Worrall was present and presented his resignation as a professor in the College which was accepted. Dr. Fulton and Mr. Curry were appointed a committee to prepare a suitable minute. The following report of the committee was adopted by the Board. Inasmuch as Rev. John M. Worrall, D.D., has offered his resignation as professor in the College on account of his state of health, therefore be it resolved that in accepting this resignation the Board of Trustees desires to record its regret that circumstances have made this resignation seem necessary to Dr. Worrall, and the Board also wishes to record its appreciation of the value of Dr. Worrall's services in the College, and to testify to his faithfulness and diligence in the performance of the duties of his chair. We also desire to express the hope that in being relieved from the cares of his office in the College he may speedily regain his health and strength and may long continue to serve the cause of our Lord in our church and state. Resolved that the Secretary be instructed to send a copy of these resolutions to Dr. Worrall. (signed) W. S. Fulton, James A. Curry On motion, the committee on Caldwell College was discharged. The Board adjourned to meet tomorrow at 9:30 a.m. at Second Presbyterian Church. Wednesday, June 12th 1895, 9:30 a.m. Board met pursuant to adjournment and was opened with prayer by the Chairman, Dr. Blayney. The following resolution offered by Dr. William C. Young was adopted: resolved that a graduation fee of seven ($7) dollars be charged from every candidate for graduation, said sum embracing the diploma fee and all the expenses connected with Commencement day exercises, i.e. music and programs. This is to be deposited with the Treasurer one month before Commencement. The fee will be returned to those whose diplomas are not granted. The Board then adjourned to meet at 9 o'clock a.m. at the Second Presbyterian Church, Danville, Ky., on Tuesday before Commencement day in June 1896. William C. Young, Secretary Danville, Ky., June 9th 1896 The Board of Trustees of the Centre College of Kentucky held its regular annual meeting in the session room of the Second Presbyterian Church, Danville, Ky., and on account of the health of the President, Dr. William C. Young, who is also a member of the Board, it adjourned to meet at the study of the President. The Board re-assembled at the President's study and was opened with prayer by Dr. Blayney. The members of the Board present were: Dr. J. McClusky Blayney, Dr. Claude B. H. Martin, Dr. William C. Young, Edward W. C. Humphrey, James A. Curry. The minutes of the last meeting of the Board were read and approved. The minutes of the meetings of the Financial Committee held since the last meeting of the Trustees were read and on motion were approved. The Treasurer's report for the fiscal year ending April 30, 1896, was read to the Board and on motion the same was approved and ordered recorded in the Financial statement book. �The report of the Faculty was as follows. The Faculty would submit to the Board of Trustees, and through the Board to the Synod, the following report for the year ending June 10, 1896. Faculty There has been no change in the Faculty proper during the year. Two new instructors, however, have been employed and have done efficient and faithful work. Prof. C. H. Mayer, Ph.D., of Yale has taught English and French, thus taking the place occupied for several years by Rev. C. F. Hubbard, and R. O. Stilwell of Cornell has had charge of the department of Chemistry and Physics. The chair of Natural Science has thus been divided, and the instruction in consequence has been far more complete and thorough. The increase in the number of teachers has enabled the Faculty to provide several elective courses for students in the upper classes; and, also, to furnish far better facilities for those who, not expecting to graduate, desire special lines of study. The health of all the members of the Faculty, with the exception of the President, has been good, and their work has been regularly performed. The two instructors at a small increase of salaries have been engaged for the coming year. Students The catalogue herewith submitted as a part of this report shows a small decrease in the number of students. Almost the whole of this falling off, as the catalogue shows, has been in the Academy. Indeed the regular attendance both in College proper and the Law Department has been larger than ever before. The conduct of the students, on the whole, embracing attendance in the classrooms, studiousness, and good behavior has been fairly good. One case of flagrant disorder embracing five or six students occurred. All of those engaged in it were discovered and dealt with faithfully but kindly. Bible Teaching Owing to ill health the President was able for only a part of his term to give instruction in the Bible. Nothing connected with his sickness has caused him keener regret, as he values this above any other part of his work. Since the opening of the year Dr. McKee has faithfully performed this work. The President and the Vice-President are now considering plans to give added efficiency to this most important department. College Home The College Home has during the year, as for several years before, been conducted entirely by the students themselves - the President appointing the steward. Good boarding has been furnished at $2.25 per week, and the best of order has been observed. During the coming year an effort will be made to furnish board at $2.00. Academy For the first time in many years the Academy has been a source of expense to the College. Despite the payment of $300 to aid the Academy, the number of scholars, as the catalogue shows, has been smaller than for many years. The teaching and government, we believe, are as good as ever before, but competition through the opening of new schools and the better equipment of the city school have drawn away many scholars. Our hope and �expectation are ere long to have a large boarding and training school belonging to the College, but in the meantime it seems best to continue our present work even though it be small and costs some money. Reports on the Library and Scientific Department are herewith submitted as a part of this report. While the health of the students has generally been good, the Faculty grieves to report three cases of fatal sickness--two of these were able to return to their homes before dying--the third died in the College Home. We rejoice to know that they were all Christians. The Faculty recommends the degree of A.B. be conferred on the following young men: Degree of A.B. - Charles E. Bates, Vernon Blythe, John T. Brown, Wallace Brown, Robert W. Hill, Lewis C. Humphrey, Everett Jennings, Wallace Kelley, John W. Phelps, William E. Savage, Henry W. Starling; also the degree of B.S. on Arthur M. Allen, Charles W. Caldwell, Charles Christensen, William R. Cubbins, Rake L. Dudley, Walter J. Dunn, John A. Hunter, Willard Keen, Robert Lyle, J. N. Sebastian, Ernest T. Smith, Samuel C. Willis, Forest V. Zimmerman. Faculty Report concerning Law Department. The degree of B.L. on the following in Law Department - Charles C. Bagby, Charles C. Boldrick, Joseph E. Robinson, John B. Wood, Lawrence Nicholas. Also certificates be given the following - C. E. Archer, H. B. Wall, Trigg Waller. On motion, the Report of the Faculty report was approved and the degrees granted as recommended. A number of letters from absent members of the Board were presented and read, stating reasons for absence. The following report of committee and resolution was received and adopted. Owing to the ill health of the President the committee appointed by the Board at its last annual meeting to report the conditions on which the degrees of A.M. and Ph.D. would be conferred has been unable to attend to this work, therefore be it Resolved, that the committee be continued with instructions to present a report covering the whole subject to the next annual meeting. The following was presented by Dr. Young and adopted. Resolved that the incidental or contingent fee be increased to $16.00 payable semi-annually and that this fee, in addition to what it formerly embraced, entitles each student to free instruction and exercise in the gymnasium. Resolved that, except for reasons satisfactory to the President, every student in the three lower classes, and every one pursuing an elective course, be required to take regular class exercise in the Gymnasium. On motion, the chairman was authorized to appoint 3 committees, each committee to report a minute on the death of one of the Trustees who have died during the past year, viz. Dr. Stephen Yerkes, William Ernst and George Nicholas. �Faculty Report Concerning Law Department. Twenty five students have been enrolled in the Law School during the year, an increase of 20 per cent over the previous year. For several weeks Gov. Knott's health kept him a close prisoner in his house. His classes however were largely cared for by his two co-professors. So the instruction in this department has been not only of a high order, but regular through the whole year. Of the $1,000 appropriated for the equipment of this department, about $850 has been spent - $150 therefore still stands to its credit. The Law Faculty recommends the Board to grant the Degree of B.L. On motion it was agreed to appropriate $100 in discretion of the Faculty for aiding the Cento. On motion the President and Faculty were authorized to employ additional instructors when needed. The Board took a recess until 2:30 p.m. At 2:30 p.m. the Board reassembled in the President's study. The Chairman appointed the 3 committees to report minutes on death of deceased Trustees as follows: Dr. Hendrick and Mr. Simpson for William Ernst, deceased Dr. Martin and George W. Welsh for Dr. Yerkes, deceased Edward W. C. Humphrey and J. A. Curry for George Nicholas, deceased Report of the Committee having in charge the report of Prof. Fales on the Library was received and approved. The President and Prof. Fales were authorized to look into matter of moving museum out of main building, and if deemed advisable, were authorized to expend the necessary funds to do so. On motion, the following appropriations were made: $100 for use of Library, $100 for Prof. Stilwell's department, $30 for Prof. Fales' department, and an amount sufficient to purchase a gas engine and erect same and make proper connections with the gas mains. Dr. Martin offered the following resolution on gambling. Whereas there is alleged the prevalence of Sunday card playing among the students, Resolved that the Faculty be urged to use all possible efforts to prevent the practice and especially to secure the prohibition of gaming for money or other forms of gambling. Dr. Young, Dr. Martin, and Mr. Welsh were appointed a committee to revise the rules for the government of the College and the students. Dr. Young and Mr. Welsh were appointed a committee on the Foot Ball games and were authorized to guarantee up to $210 to secure a trainer for the team. The following standing committees were reappointed: �Committee on Repairs - John C. Fales and George W. Welsh Auditing Committee - Robert P. Jacobs and George W. Welsh Financial Committee - Robert P. Jacobs, George W. Welsh, William C. Young, and John A. Cheek The degree of D.D. was conferred on Rev. W. B. Jennings of Louisville. On motion, of Dr. Martin the three vacancies in the Board were filled as follows: Dr. R. R. Southerland in place of Dr. Stephen Yerkes Dr. M. Waller in place of William Ernst A. M. J. Cochran in place of George Nicholas The minutes of the meeting were read and approved for record. The Board then adjourned to meet in the session room of the Second Presbyterian Church, Danville, Ky., on Tuesday before Commencement 1897 at 9:30 a.m. Lexington, Ky., October 1, 1896 The Board of Trustees of Centre College met in the Second Presbyterian Church Lexington, Ky., pursuant to a written call made by J. McClusky Blayney, Chairman of the Board. Present: Dr. Blayney, Dr. Hendrick, Dr. Fulton, Dr. Condit, Messrs: Curry, Welsh, Humphrey, Simpson, Cochran, Dr. Sutherland. After opening with prayer, Dr. Blayney explained the objector the meeting, and called attention of the Board to the death of Dr. William C. Young, stating in a few words the great loss which the College and the Church had sustained. On motion John A. Cheek was elected Secretary of the Board, this office having become vacant by the death of Dr. Young. Dr. W. S. Fulton, Dr. R. R. Sutherland and A. M. J. Cochran took the oath of office in the presence of the Board. On motion, the Treasurer was instructed to pay the expenses of the Trustees in attending this meeting, and all meetings of the Board in future; and the Secretary was instructed to state this in the notice of meetings sent by him to the members of the Board. At an informal meeting of the Trustees present at Dr. Young's funeral, Messrs. George W. Welsh and John A. Cheek were requested to see Dr. John L. McKee, Vice-President of the College, and ascertain his wishes about the control and management of the College and students until a President was elected. This committee reported that they had interviewed Dr. McKee and that he did not desire this responsibility if the Board could make other arrangements. On motion, Prof. John C. Fales was elected Dean of the Faculty, and the government and discipline of the College is put in his hands until further ordered by the Board. On motion, that part of the action taken at the last June meeting requiring compulsory attendance in the gymnasium was suspended and the question of attendance in the gymnasium was referred to the local Trustees residing in Danville and the Chairman. It was made a standing rule that the Secretary obtain from the Stated Clerk of the Synod of Kentucky a certificate of the appointment of the Trustees by the Synod. On motion, the Treasurer was authorized to pay bills marked correct by the Auditing Committee. �On motion, Rev. Samuel A. Mutchmore, D.D., of Philadelphia was elected a Trustee in place of Dr. William C. Young, deceased, and the Secretary was instructed to notify him of same. After an informal conference by the Trustees about a President of the College, on motion a committee consisting of Dr. Blayney, Messrs. Humphrey and Welsh, were appointed to consider the names suggested and any others that might be suggested to them, and report to a called meeting of the Board. Dr. Blayney, Dr. Martin and Mr. Humphrey were appointed a committee to prepare a minute concerning death of Dr. Young. The Chairman and members residing in Danville were appointed an executive committee until election of a new President. John A. Cheek, Secretary Lexington, Ky., December 3, 1896 Pursuant to a call regularly made the Board of Trustees of the Centre College of Kentucky met at Lexington, Ky., in the session room of the Second Presbyterian Church of Lexington. The meeting was opened with prayer by Rev. J. P. Hendrick, D.D. The members present were: Dr. Blayney, Dr. Hendrick, Dr. Condit, Dr. Waller, Dr. Martin, Dr. Warren, Dr. Sutherland, Messrs: Simpson, Humphrey, Welsh, Jacobs, Curry, Dr. Fulton. The Secretary presented the following certificate from the Stated Clerk of the Synod of Kentucky: "At a meeting of the Synod of Kentucky in connection with the General Assembly of the Presbyterian Church in the United States of America, in session in Louisville, Ky., on October 14, 1896, elected as Trustees of the Centre College of Kentucky: Rev. James P. Hendrick, D.D., Rev. R. R. Sutherland, D.D., Rev. J. McClusky Blayney, D.D., Rev. E. L. Warren, D.D., Rev. C. B. H. Martin, D.D., A. M. J. Cochran, Esq., John A. Simpson, Esq. To serve for the term of three years or until October 1899. Also Rev. S. A. Mutchmore to serve for two years or until October 1898 in place of Rev. William C. Young, D.D., deceased, and Rev. M. Waller to serve for one year or until October 1897 in place of William Ernst, deceased." Signed, Attest, L. Eddy, Stated Clerk, Synod of Kentucky The following members elected named in the foregoing certificate, viz. Hendrick, Sutherland, Blayney, Warren, Martin, Simpson and Waller were present and took the oath of office in the presence of the Board. The minutes of the regular annual meeting in June 1896 and of the called meeting held October 1, 1896, were both read and on motion were approved as recorded. The Committee appointed at the called meeting in October, consisting of Dr. Blayney, Messrs. Humphrey and Welsh, unanimously recommended to the Board Rev. Willis G. Craig, D.D., of Chicago for President. The report was received and approved. After prayer for divine guidance a ballot was taken for President, resulting in the unanimous election of Rev. Willis G. Craig, D.D. On motion of Edward W. C. Humphrey the salary offered to Dr. Craig was fixed at $3,000 per annum and a house. On motion Dr. Blayney, Messrs. Humphrey and Welsh were appointed a committee to notify Dr. Craig of his election, and the Treasurer was authorized to pay the expenses of the Committee. �On motion of Robert P. Jacobs, the appropriation made at the June meeting 1896 (of the Board) for the purchase of a gas engine and apparatus for Prof. Stilwell's department was increased to $850. A communication from Dr. John L. McKee was received and referred to a committee consisting of Messrs. Welsh, Jacobs, and Humphrey. A paper from the Trustees of the Danville Theological Seminary was received and on motion the Treasurer was directed to pay over the income of the Theological Fund accruing from and since May 1, 1896, to the Treasurer of the Danville Theological Seminary and this order to continue until revoked by this Board. The Chairman was requested to notify the Board and the public of Dr. Craig's answer when received. A paper from the Faculty concerning music was referred to the executive committee. John A. Cheek, Secretary Lexington, Ky., March 18, 1897 Pursuant to a call regularly made the Board of Trustees of the Centre College of Kentucky met in the session room of the Second Presbyterian Church of Lexington, Ky., and was opened with prayer by Dr. Blayney. Members present were: Drs. Blayney, Sutherland, Martin, Warren, Waller, Hendrick, Condit, Fulton, Messrs: Humphrey, Curry, Welsh, Simpson, Jacobs, Cochran. Minutes of called meeting held December 3, 1896, were read and approved as recorded. The Committee reported that Dr. W. G. Craig had declined the presidency of the College and on motion the report of the Committee was approved. The following resolution presented by Robert P. Jacobs was adopted. Resolved that the present committee of three appointed to recommend a President of the College be continued and that an additional committee of five members of the Board be appointed by the Chairman as an advisory committee of said first named committee, and that if both of said committees concur in the recommendation of a man for said office then that the Chairman of the first named committee is authorized to pursue the matter so far as to see whether the person upon whom said committees concur will probably accept the office, then that the said chairman is authorized to go so far as to signify to said person that the office will be tendered to him by the Board unless at the time of the meeting of the Board in regular session that there appears some insuperable objection, and at a salary of $3000 per annum and the President's House. Chairman appointed as members of the advisory committee above provided for Dr. W. S. Fulton, Dr. William C. Condit, Dr. Edward L. Warren, Robert P. Jacobs, and John A. Simpson. On motion the following was adopted: It is hereby declared that the Board in its action heretofore appointing Prof. John C. Fales Dean of the Faculty is intended to commit to the control of the Dean the management of the College Home and also to exercise all authority usually pertaining to the office of President of the College. On motion the Dean in connection with the executive committee was authorized to make arrangements for additional instruction for the coming year to be reported to the Board at its June meeting. On motion, Mr. Edward W. C. Humphrey was authorized to prepare a paper expressing thanks of the Board to Dr. Samuel A. Mutchmore for his gift to the College Library. �On motion, the thanks of the Board was returned to the members of the Second Presbyterian Church of Lexington for the generous hospitality extended to members of the Board during each of the three called meetings held in Lexington. John A. Cheek, Secretary Danville, Ky., June 8, 1897 The Board of Trustees of the Centre College of Kentucky held its regular annual meeting in the session room of the Second Presbyterian Church of Danville, Ky., and was opened with prayer by Dr. Blayney. The members present were: Drs. Blayney, Hendrick, Fulton, Warren, Sutherland, Martin, Waller, Condit, Messrs. Welsh, Jacobs, Humphrey, Curry, Simpson, Cochran. The minutes of the meeting held March 18, 1897, were read and approved as recorded. The minutes of the Financial Committee were read and approved. The report of the Treasurer for the fiscal year ending April 30, 1897, was read and on motion approved. The following resolutions were adopted: 1. 2. 3. That the students are entitled to full standing in their several classes only on the presentation of the Trustees statement of settlement made with him for tuition and fees. That the class rolls be revised October 1st and February 1st in each year. That each Professor and Instructor be furnished with a copy of this action and requested to comply with same. On motion by Dr. Martin, all students from the Theological Seminary who are intending to graduate in college are required to pay contingent fee. A letter from Dr. Mutchmore was read and his reasons for absence were sustained. The Faculty report was taken up and the following action was taken: Degrees were conferred on the following young men as recommended: Degree of B.L. - William D. Claybrooke, Archie R. Dunlap, Maurice D. Flattery, George J. Holliday, Henry Jackson, George W. Mapp, Henry S. McElroy, William Vernon Richardson, Alfred R. Washington, Arthur C. VanWinkle. Recommended by the Faculty of Arts for Degree of A.B. - Elmer H. Bess, Spencer Best, Peyton B. Bethel, Samuel P. Bradley, Hardin Craig, Clarence H. Ferran, Sylvanus M. Gellam, Aylmer B. Gould, George A. Gray, Leslie H. Hudson, Samuel R. Kerr, George W. King, Hugh J. Mann, Robert E. Marrs, Joseph McAllister, Harvey L. Montgomery, Samuel H. Nichols, McKendree L. Raney, Hubert G. Shearin, William B. Stanfield, Huston Taylor, George W. Welsh, Martin N. Welch. Degree of B.S. - Archie R. Cook, Daniel J. Curry, Lucien B. Dickerson, George K. Fisher, Edward Flaig, Hart Goodloe, Thomas A. Hendricks, John D. Jackson, Carl J. McKnight, Carl Mize, Arthur M. Parrett, William H. Smith, Marcus H. Spaulding, Lyne Starling, Alexander G. Sulser, Certificate on William Reed Embry �Recommendations about "College Home" were referred to Dean and Executive Committee with power to act. Present arrangement about the Academy which appropriates $300 as a bonus was continued for another year and an additional appropriation of not exceeding $100 was made for repairs to the building. Prof. Maurice D. Flattery was employed for the coming year at a salary of $1,000 to be in full of all services as Physical Director, and the recommendation by the Faculty that the Physical Director be required to be present in the bowling-alley when open was approved. Mr. Anderson was employed as trainer of the football team at the same salary and on same contract as the previous year. Matter of the Centre College Cento was referred to the Dean and Treasurer with authority to give a bonus of not exceeding $150. An appropriation of $175 was made for use of the library. The matter of the privy was referred to the Executive Committee with instruction to abolish the old one and make arrangements for a new one. The question of janitors and police was referred to the Dean, Messrs. Welsh, and Cheek as a committee, with power to act. The recommendation of the Faculty about a degree of M.A. was referred back to the Faculty for further consideration by them. The city ordinance allowing stock sales in Walnut Street in front of the College was referred to the executive committee with direction that they make a protest to the city council on behalf of the Trustees and secure, if possible, a repeal of the city ordinance allowing sales made there. On motion, the following action was taken. It is ordered that John A. Cheek, Treasurer of the Board, is hereby authorized at the expense of the Board to investigate the value of the interest in the parcels of real estate in the city of Chicago, state of Illinois, devised by Dr. William C. Young to the College subject to the burden of one half of the mortgage terms which the estate of Dr. Young is liable. And upon the report of the Treasurer to the President of the Board that it is the interest of the College to accept the devise and assume the part of the liability of Dr. Young's Estate on said mortgage debts, the Chairman is directed and authorized to execute all necessary papers to assume the said indebtedness on behalf of the College, and for such purpose, if necessary, to execute, acknowledge, and deliver any deed of trust or of mortgage on the interest in said parcels of real estate devised as aforesaid to the College as required by law. Report of the Physical Director was taken up and items 1, 2, and 3 were adopted which are as follows: 1. 2. That all new students be required to take a physical examination within one month from date of matriculation. That all students in Junior, Sophomore, and Freshman classes be required to take at least two hours exercise in gymnasium weekly except when excused by Physical Director, subject to appeal to the Faculty. �3. That a course of lectures in physiology of exercise, personal hygiene and sanitation be added to the required work in this department and that all Freshmen be required to attend. An appropriation of $1,000 was made for Prof. Stilwell's department, being $500 for each year for two years, and the use of such rooms in the College building as may be assigned by the executive committee. The following report received from Prof. Stilwell's department was received and recommendations were approved by the Board. The following improvements have been made in the Physical Department: 1. 2. 3. 4. 5. An electrical laboratory containing an engine, dynamotor, transformers, rheostats, switch-board, ammeters, voltmeters, arc and incandescent lamps, etc. A general physical laboratory containing galvanometers, rheostats, storage batteries, and numerous other instruments for quantitative experiments in heat, mechanics, light, sound and electricity. A photometric laboratory arranged with Bunsen photometer and a small complete x-ray outfit. A small addition to apparatus used in illustrating lectures on sound and electricity. The city water has been connected to all rooms of the department and all rooms supplied with electric current from electrical laboratory. Recommendations 1. That authority be given to the department to collect laboratory fees. This money to be expended by the department in purchasing supplies and annual report be given the Treasurer. The following is considered a fair rate: Elementary Chemistry Analytical Chemistry Physical laboratory $3.00 per half year $5.00 per term $1.50 per term 2. That provision be made for the enlargement of the chemical laboratory so that a course in laboratory work can be given to the entire class in connection with the general course in chemistry; also an elective course in analytical work to those wishing to continue the chemistry. Any money appropriated for this purpose shall be used mainly in purchasing apparatus or other appliances. For appropriation see p. 309 On motion, it was ordered that no tuition be charged in Post Graduate courses. On motion, Prof. Richard O. Stilwell was elected a full Professor and his salary fixed at $1500 for coming year and $1600 per annum afterwards. The following action concerning Prof. Fales as Dean was adopted. Resolved that the thanks of the Board are hereby tendered to Prof. John C. Fales for his wise and efficient administration of the College as Dean of the Faculty and as additional duties and labors were imposed on Prof. Fales while Dean, the Treasurer of the College is hereby directed to pay to Prof. Fales the sum of $250 as expression of our appreciation, and until a President of the College is secured Prof. Fales is hereby continued as Dean of the Faculty. �Dr. Blayney from the Committee heretofore appointed presented the following paper concerning Dr. William C. Young which was received and adopted: In Memory of President William C. Young William Clark Young was born in Danville, Ky., on the twenty-third day of April 1842. He was the second son of Rev. John C. Young, D.D., a former President of Centre College. On his mother's side he was the grandson of J. J. Crittenden, the eminent statesman. He was a worthy descendant of a noble ancestry. His education was acquired at Danville, graduating with the honors of his class at Centre College in 1859 and at the Theological Seminary in 1865. After graduating at College and before entering the seminary he spent some time in teaching in the South. His first pastoral charge was in Covington, Ky. He was ordained at Elizaville, Ky. and installed over the Second Presbyterian Church of Covington in the spring of 1866 where he labored for four years. In 1870 he accepted a call to the Presbyterian Church of Madison, Indiana, and remained there two years and then removed to Chicago, Illinois, to become Pastor of the Fullerton Avenue Church. He labored there six years and in 1878 accepted a call to take charge of the new enterprise of the Central Presbyterian Church of Louisville, Ky., where he remained until he was elected President of Centre College in 1888, which office he held till the day of his death. He was chosen moderator of the Synod of Kentucky in 1883 and Moderator of the General Assembly in 1892. He received the honorary degree of D.D. from his Alma Mater, Centre College, and that of L.L.D. simultaneously from the University of Alabama and from Princeton College, now University, in 1892. Such are some of the more important facts, which like milestones mark the progress of the useful, honorable, growing, successful career of Dr. Young. In the month of November 1874 Dr. Young married Miss Lucy A. Waller of Chicago, whose long continued ill health, necessitating her residing in a distant city for medical treatment, constituted the great cross of his life. She died in June 1896 only a few months before his own death. During the long years of her illness and the weary months of his own declining strength wasting away from an incurable disease, he bore the burdens the Lord laid upon him with uncomplaining Christian resignation and fortitude. As a man Dr. Young was most affable and approachable in disposition, gentle and courteous in manner, genial and companionable in social intercourse and earnestly and devoted in Christian character. His intellect was clear, keen and alert. His readiness and quickness of apprehension constituted a conspicuous trait of his mind, so that he could never be placed in a position to which he would not rise, and in which he would not acquit himself to his own credit and the gratification and admiration of his friends. His mental tastes ran especially in the direction of literature, in which his equipment was broad and accurate. His mind was a thesaurus of the best things of the best writers in the English language, and his public discourses were illustrations drawn from history and fiction and pertinent quotations of the most beautiful things from the lines of the poets. As a public speaker Dr. Young was rarely gifted. His delivery was earnest and fiery and at times rose to a degree of burning eloquence that fairly carried his audiences with him. From the day of his election as Moderator of the Assembly Dr. Young became in this respect one of the very foremost men in the Presbyterian Church and could have commanded the most important pulpits of the land; but his heart was in his work for Centre College to which his life was bound by so many and tender ties. As an ecclesiastic Dr. Young soon came to rank among the foremost although he had but little taste for the dry details of parliamentary usage and constitutional law, yet his mind was so alert and quick of grasp, that he soon mastered their principles when necessary, and applied them with impartiality. His efficiency as Moderator of the �General Assembly at a time of great excitement was a distinct triumph of courage and tact and impartiality. In the latter years of his life he was frequently called into the counsels of the church by appointment on various committees where his services were valuable and conspicuous. He was modest in the assertion of his opinions until he had opportunity for full investigation and was ready to consult with anyone from whom light might be received; but when his judgments were formed he was fearless in stating them, tenacious in his adherence to them and was masterful in his advocacy of them. As President of Centre College, Dr. Young accomplished perhaps the most important work of his life. He came to the office when the College was surrounded by embarrassments and to the day of his death he administered its various and arduous duties with consummate tact and pronounced success. His association with the Faculty and members of the Board of Trustees was always of the most cordial character. In his official relation to the College he was firm yet gentle. He commanded the respect and admiration of the students, and winning in a marked degree their affectionate regard, his influence over them was potent and widely beneficial. His desire for their spiritual training and development was earnest and constant and the avowedly dominant motive he had in all his intercourse with them both in the classroom and the incidental association of College life. All the services he rendered in this office and the labors he performed will never be known on earth. His indefatigable efforts were not in vain. He saw the institution grow and expand in strength and usefulness. The number of students increased, its financial condition improved, its position became more conspicuous, its reputation widened, until today its standing amongst the foremost colleges of the land is recognized as perhaps never before. And then in the prime of his intellectual powers in the midst of his growing usefulness while planning and expecting the realization of yet greater things in the near future, he "fell asleep." "He was not, for God took him." The Board of Trustees puts on record its estimate of our recently deceased President in the following resolutions: 1. 2. 3. 4. 5. We tenderly cherish the memory of Dr. Young as a brother beloved in the Lord, as a high-toned Christian gentleman and as a faithful and courteous and influential member of this body. That we testify hereby our high appreciation of the invaluable service he has rendered to Centre College by his laborious, self-denying, self-sacrificing efforts in its behalf. That whilst we recognize the death of Dr. Young as an irreparable loss to our College, we bow submissively and trustfully to the will of Him who has said, "What I do thou knowest not now but shalt know hereafter." That we make record of our profound gratitude to God for giving us, even for so short a time, a President who has been so preeminently blessed in his labor for the furtherance of the interests of higher Christian education in our State. That a copy of this minute be furnished the family of the deceased with the tender of our deepest sympathy with them in a sense of a great common loss. On motion the matter of Gov. Knott's compensation was referred to the executive committee with power to act. The Board conferred the following honorary degrees on persons named: Prof. John H. Halsey Rev. Donald McDonald William T. St.Clair Thomas Lindsey Blayney L.L.D. D.D. Class of A.M. Class of A.M. �The following resolution was adopted: Resolved that the thanks of the Board be extended to Mr. Bell for his drawings, suggesting improvements in the College grounds. Dr. Fulton, Dr. Southerland, and Mr. Welsh were continued as a committee on the grounds. An appropriation of $30 was made for the Natural Science Department. Messrs. Christensen and Grant, students, were authorized to solicit subscriptions to extent of $40 to pay their expenses to the summer school at Knoxville, Tennessee. The following proposition from Dr. John L. McKee, having been submitted to a committee heretofore appointed, viz. Danville, Ky., May 5, 1897 Dr. John L. McKee submits the following proposition in regard to severing his connection with Centre College, to wit: I ask that the Board of Trustees of Centre College to allow me to discontinue all instruction in the College with title of Vice President Emeritus in order that I may devote all my time to the evangelist work and as long as I faithfully perform this work I ask the Board to allow me twelve hundred dollars per year out of the income of the Vice President's endowment funds to be paid quarterly at the same times and in the same manner in which the Professors of the College are paid. The first payment of the reduced salary to be made October 1, 1897. (signed) John L. McKee The report of the committee on above was adopted and was as follows: The Committee to which was referred the proposition of Dr. John L. McKee as to the severance of his connection with Centre College upon certain conditions respectfully report that the proposition of Dr. McKee contained in the paper filed herewith marked "A" and which is made a part of this report. The Committee recommends the acceptance of the proposition and the adoption of the following report: Resolved that Dr. John L. McKee is now retired from the office of Vice President and instructor in any branch of study in the College, with the title of Vice President Emeritus; and as long as he shall devote his time to evangelistic work, as stated in his proposition to the Board, he is to be paid the sum of twelve hundred Dollars ($1,200) per annum out of the interest of the Vice President's fund in quarterly payments, such payments to be made at the same time as the payments of salaries to the Professors of the College, the first payment to be made the first of October next. Any services that Dr. McKee may hereafter render to the College are to be considered voluntary and gratuitous on his part. Respectfully submitted (signed) Edward W. C. Humphrey, George W. Welsh, Robert P. Jacobs Danville, Ky. June 7, 1897 On motion, the salary of the Treasurer of the Board, Mr. John A. Cheek, was fixed at $500 per annum, payable quarterly and 3% on the tuition and fees collected. �The matter of Dr. O. Beatty's will was referred to the Financial Committee with power to act. The Board took recess until 9 o'clock a.m. on June 9th 1897. Board met as per adjournment and was opened with prayer. The employment of additional instruction for the coming year was referred to the Dean and executive committee with power to act. On motion, it was ordered that the next annual meeting of the Board be held in the Y.M.C.A. room of the gymnasium on Tuesday, June 7, 1898, at 9 o'clock a.m. On motion, the Faculty and graduating class were directed to appear on Commencement day during the exercises in cap and gown with display of College colors thereon. The following resolution was adopted: Resolved that the Board would learn with great gratification that the different members of the Faculty would alternate in conducting the opening exercises of the Chapel. John A. Cheek, Secretary Lexington, Ky., July 8, 1897 Pursuant to a call regularly made the Board of Trustees of Centre College met in the session room of the 2nd Presbyterian Church of Lexington, Ky., and was opened with prayer by Dr. Blayney. There was present: Drs. Blayney, Hendrick, Martin, Waller, Warren, Fulton, Sutherland, Messrs. Simpson, Cochran, Humphrey, Welsh, Jacobs, Kinnaird, Curry. Dr. Blayney, from the Committee on securing a President, reported the negotiations had with Dr. Henry C. Minton. On motion the Board proceeded to an election of a President, taking the vote by ballot. Dr. Henry C. Minton of California was unanimously elected. The Chairman of the Board was directed to notify him by telegraph. The Board having assurance of his intention to accept, Dr. Hendrick offered prayer asking divine approval of the action of the Board. On motion the salary of the new President was fixed at $3,000 per annum and a house and the Treasurer was directed to pay his actual expenses of removal to Danville. On motion the words "subject to approval of the faculty" were added to the second recommendation of the Physical Director adopted by the Board at its June meeting 1897. The Board adjourned. John A. Cheek, Secretary Lexington, Ky., April 8, 1898 The Board of Trustees of Centre College met in Lexington, Ky., at Phoenix Hotel and was opened with prayer by Dr. Blayney. The members present were: Drs. Blayney, Condit, Martin, Hamilton, Fulton, Sutherland, Warren; Messrs. Curry, Simpson, Jacobs, Welsh, Humphrey, Ernst. The certificate of the stated clerk of the Synod of Kentucky showing the election of Trustees for three years expiring in 1900 was presented and the following Trustees �belonging to that class took the oath of office, viz. Dr. Samuel M. Hamilton, Dr. William C. Condit, George W. Welsh, Richard P. Ernst, and Robert P. Jacobs. The Chairman stated that Dr. Henry C. Minton finally declined the Presidency of the College, although at first accepting the same. The resignation of Dr. Hendrick was presented and accepted. Rev. J. Kinsey Smith, D.D., was elected to fill the vacancy. Messrs. Humphrey and Cheek were authorized to settle bills in Louisville incurred for the football game, which was declared off last fall, owing to the sickness and death of Mr. Cary Nicholas. The salary of the President of the College was fixed at $3,000 and the use of the house, garden and stable. Board adjourned to meet on call of the Chairman. John A. Cheek, Secretary Lexington, Ky., April 17, 1898 The Board of Trustees of Centre College met at Phoenix Hotel, Lexington, Ky., and was opened with prayer by Dr. Blayney. There were present: Drs. Blayney, Condit, Waller, Hamilton, Fulton, Sutherland, Martin; Messrs. Simpson, Curry, Ernst, Humphrey, Cochran, Welsh. The following motion was offered by Dr. Martin and unanimously adopted: That a committee of five, consisting of the present committee of three and two additional to be selected by the Chairman of the Board, shall be authorized to select a President for the College, the Board delegating to that committee the power of franchise, provided four of the committee are in accord. Matter of election of a Physical Director was referred to the Faculty with power to act. Arrangements for the coming year for the Academy were referred to the Dean and the Executive Committee. The Treasurer was ordered to pay $12.50 on account of music for the oratorical contest in June 1898. The Chairman announced the two additional members of the committee on securing a President to be Dr. Hamilton and Dr. Fulton. Board adjourned. John A. Cheek, Secretary Danville, Ky., June 7, 1898 The Board of Trustees of the Centre College of Kentucky met in the Y.M.C.A. room of the Gymnasium and was opened with prayer by Dr. W. S. Fulton of Lexington. Members present were: Drs. Blayney, Hamilton, Waller, Sutherland, Fulton, Condit, Martin, Warren; Messrs. Curry, Humphrey, Welsh, Simpson. The minutes of the last �regular meeting and the meeting of April 8th and April 17th 1898 were read and approved as recorded. A letter from Dr. Samuel A. Mutchmore was read and reason for absence was sustained. An invitation from Prof. John C. Fales to take lunch with him was accepted with the thanks of the Board. Dr. Blayney from the special committee of five appointed to secure a President reported that the Presidency of the College had been offered to Rev. William C. Roberts, D.D., L.L.D., of New York, and that Dr. Roberts would be in Danville to decide the matter of accepting the same. The Faculty report was taken up, which was as follows. The Faculty of the College desire to present this their report for the year ending June 6, 1898. The catalogue submitted as a part of this report shows an enrollment in all departments of 238. If there be added one for the College and two for the Academy entered after the roll was sent to the printer, the total 241 exactly equals the number of last year. We think this is a matter for congratulations considering the circumstances. Degrees The Faculty recommends the following young men for degrees: Bachelor of Laws - Bush Allen, Harrodsburg, Ky., Homer Baughman, Danville, Ky., Robert Walker Hunn, Shelbyville, Ky., James Mott McDaniel, Hickman, Ky., John Day Powers, Barbourville, Ky., Ernest Thurston Smith, Danville, Ky., John Sherman Steely, Williamsburg, Ky., Henry McClellan Anderson, Charleston, West Virginia, Leslie Carroll Bosley, Danville, Ky., Lawrence Kinnaird, McGregor, Iowa, Caleb Powers, Barbourville, Ky., Richard Sherman Rose, Barbourville, Ky., Ralph Nugent Stanfield, Mayfield, Ky., Luther Bannister Stodghill, Danville, Ky., Carl Thomson, Ripley, Ohio, William H. Funk, Danville, Ky. Bachelor of Arts - John Carey Acheson, Xenia, Ohio, Charles Wilson Barrett, Lyndon, Ohio, Leonard Andrew Barrett, Covington, Ky., George Fisher Bell, Shelbyville, Ky., Pitzer Dickson Black, Barbourville, Ky., John McClusky Blayney, Jr., Frankfort, Ky., Francis Graddy Cary, Lexington, Ky., Ward Hazeltine Goodloe, Danville, Ky., Thomas Peter Grant, Frankfort, Ky., Isaac James Heizer, Greensburg, Ky., James Francis Lawwill, Shelby Coty, Ky., James Andrew McKenzie, Oak Grove, Ky., John Richard Wilkie, Charleston, West Virginia, Horace Cady Wilson, Maysville, Ky. Bachelor in Science - Roy Milton Baker, Dixon, Ky., Clarence Robinson Bass, Campbellsville, Ky., Robert Fisher Dickens, Fort Smith, Arkansas, Robert Smith Dulin, Madisonville, Ky., James Percival Edwards, Louisville, Ky., Henry Stevenson Hale, Mayfield, Ky., Robert Young Hindman, Columbia, Ky., Charles Bismarck Kobert, Lebanon, Ky., James Edward Reynolds, Fort Smith, Arkansas, John Calhoun Robinson, Hubble, Ky., Harvey Clifton Shanks, Louisville, Ky., Henry George Snyder, Louisa, Ky., Thomas P. Hill Spalding, Lebanon, Ky., James Nelson Stofer, Mt. Sterling, Ky. Certificate - Barrett Wood, Danville, Ky. College Home Some necessary improvements and repairs were made during the vacation of last summer to the old building, known as the Home, and an arrangement was made to conduct it in connection with some of the occupants of �Breckinridge Hall, which appears to have been successful, although the increased cost of living did not permit the rule of the Board to be kept as low as usual. Preparatory This was continued under the same teachers who managed it in 1896 and 1897 with a small increase in attendance. Athletics In regard to athletics we need only repeat in a more emphatic form what was included in last year's report. The practice of allowing players on the team playing football who were not bona fide members of the College has resulted in a loss of interest in the team on the part of the mass of the students so much so that it was difficult to get together a second team for practice. The Dean was overruled on every position he took, but the results, many of which are not mentioned, convince him that he was right. Your attention is called to a letter from Prof. Dudley of Vanderbilt in relation to this matter and which is sent with this report. We are happy to add that the baseball team has a clean record, all the men playing on it being students through the year and its successful record shows that ringers are not necessary in the College. Cento The College paper has been regularly issued and we recommend it to the Board for a continuance of their support. Library The report of the Librarian will show all the facts in relation to its condition. Master's Degree The Faculty again recommends the consideration of this subject to the Board and submits a second paper for consideration being satisfied that its adoption will prove of benefit to the College. Some of the special recommendations to the Board at its last meeting have been carried out, especially in relation to the water closet, much to the improvement of the grounds and the decency of the students. General Catalogue It is known to the Board that in 1890 a general catalogue of the College was published. At the request of Dr. Young the present Dean prepared the manuscript, having previously begun the task for his own gratification. As the time was short, the result was imperfect. After its issue, the compiler was requested to continue his task and collect material for another to be issued in 1900, which should include not only the names of the Alumni, but of all who had ever been connected with the College. Investigation showed that all the matriculation books before 1862 were lost and that only three catalogues before 1848 were in existence. The ability to find the missing links turned on the existence of what other records might be found. By reading over the minutes of the Board, examining old treasury accounts, and by reawakening the memory of some of the oldest alumni and others, between 3,500 and 3,600 so far have been collected. The matter has now reached the stage when an extensive correspondence will have to be entered into tracing these old students. The compiler of the former catalogue is willing to undertake �the labor if the Board desires the work done, and will authorize the expense of printing circulars, procuring stationary, and paying postage. If it ever is to be done, now is the time, as every day it is deferred only makes the task more difficult, which task will be multiplied for a new beginner. Laws Attention is again called to the chapter of the College laws relating to misdemeanors and the necessity of revision. We have at present no laws that can be read to the students as authoritatively laid down for their guidance since nearly every section has become inoperative. Whenever these have been cited as indicating the intention of the authorities as to discipline of the College, the citation has been met with objection such as, "the clause did very well fifty years ago when made but it is now antiquated" or "it does not mean what it says" or "if you enforce that you will make the students mad." For the benefit of your new executive, give him some rules that he can rely on for his guidance and support. The Faculty would also take the liberty of calling attention to the so-called affiliated schools of the College. Members of the Faculty were induced to subscribe money to two of these schools on the representation that they were to be feeders to Centre College. One of these has sent one student during its existence of many years and the other possibly four in all. The manner in which students are prepared, deficient in elementary studies and taught in the more advanced makes their presence in the College an annoyance to themselves and every one else. Cannot something be done to make these schools more in accord with our needs if they are to be considered connected with us? Very Respectfully, (Signed) John C. Fales, Dean The degrees recommended by the Faculty were conferred. The matter of the College Home was referred to the Dean or the new President if secured and the Executive Committee. The whole subject of athletics was referred to the Faculty with power to act. The same arrangement and the same bonus $150 was continued for another year to the Cento. Messrs. Simpson, Humphrey, and Welsh were appointed a committee to report to this meeting of the Board the probable receipts and disbursements for the coming year. The following was adopted: It is ordered by the Board that members of the Senior Class are required to be present at the Commencement exercises and that diplomas will be withheld unless excused by the Faculty. Recommendations of the Dean about securing the information and dates for a general catalogue were approved, and the expenditure for circulars and postage to secure same was authorized. The Treasurer reported that in accordance with the direction of the Board, he had gone to Chicago with Robert P. Jacobs, Executor of Dr. William C. Young, and that he had seen the property given to the College by the will of Dr. Young. The property was owned jointly by Henry J. Peet and Dr. Young, and consisted of a lot which was unimproved and also a piece of improved property which latter was mortgaged for $29,000, one half of which was owed by Dr. Young's Estate. Investigations made through Henry J. Peet and E. A. Cummings, Esq., real estate agents, showed the improved piece to be well rented and worth on low valuation double the mortgage, and that the unimproved lot was free from encumbrances and quite well located and valuable. The Treasurer recommended the acceptance of the property under the will of Dr. William C. Young and the assumption by the �Board of one half the mortgage of $29,000 which was owed by Dr. Young, which was approved by the Board, and the Chairman was authorized to execute any papers required by the executor of Dr. William C. Young. The Treasurer's Report for the fiscal year ending April 30, 1898, was read to the Board and approved. The Special Committee to report on the probable receipts and disbursements made the following report: Probable Receipts Income from bonds Income from rents Income from Vice President's Fund Income from St. Louis, Cincinnati, Louisville bonds Income from subscription notes Tuition Total $13,806.00 $550.00 $600.00 $600.00 $250.00 $4,250.00 $20,056.00 Probable Expenditures President's salary 5 Professor at $1,600 each Prof. Stilwell's Department Prof. Johnson Prof. Law Department Janitors and Treasurer Athletics Fixed expenditures $3,000.00 $8,000.00 $1,200.00 $800.00 $1,100.00 $975.00 $1,200.00 $16,275.00 Appropriations already made to Prof. Stilwell's Department Prof. Fales' gift by Board Bonus, Cento Expenses, Board Forward $400.00 250.00 $150.00 $200.00 $17,275 Disbursements forward Insurance Postage and advertising Canvass for students Printing Fuel and water Library Repairs Annual App., Stilwell's Department Bonus, Academy Rent, Trust Box $17,275 $300.00 $75.00 $500.00 $225.00 $350.00 $150.00 $600.00 $120.00 $300.00 $30.00 �Gymnasium $200.00 Total probable expenditures which report was received and $20,125.00 approved The Executive Committee was instructed to correspond with Prof. Law, and secure a cancellation of the contract made by the Committee with him for the coming year, and if release was secured, were authorized to pay for packing his furniture and freight on same. The Chairman was authorized to deed to the City of Danville the extension of Russel Street west through the College grounds provided the City will fence the street and agree to pay all expenses of grading and macadamizing the same, when either or both have to be done. During the absence of Dr. Blayney in Europe, Dr. W. F. Fulton was designated as the acting Chairman. The Executive Committee and the Dean or President were authorized to provide any instruction necessary during the coming year. Recess was taken until 8 o'clock next morning, and meeting to be held in session room of the 2nd Presbyterian Church. Board met at 8 o'clock a.m., Wednesday with all the members present who were present the previous day, and in addition Mr. Robert P. Jacobs, making 13 members present. On motion, the Board proceeded to elect a President by ballot as required in the Charter, resulting in the election of Rev. William C. Roberts, D.D., L.L.D. Honorary Degrees conferred - Rev. J. Kinsey Smith, Louisville, Ky., D.D., Rev. Samuel Addison McElroy, Cape Girardeau, Missouri, D.D., Henry Waller, Class of 1894, A.M. in course Dr. Roberts being present in the city and having indicated his acceptance of the Presidency of the College, a committee consisting of Dr. Blayney, Dr. Fulton, Dr. Martin and Mr. Welsh were appointed to arrange for his inauguration at the meeting of the Synod of Kentucky at its meeting in October at Danville, Ky. Board adjourned. John A. Cheek, Secretary Danville, Ky., October 12, 1898 The Board of Trustees of Centre College met at the 2nd Presbyterian Church and was opened with prayer by the Chairman, Dr. Blayney. The members present were: Drs. Blayney, Smith, Condit, Fulton, Waller, Martin, Hamilton, Sutherland; Messrs. Jacobs, Simpson, Humphrey. Honorary degree of D.D. was conferred on Rev. William Januz, the vote being by ballot as required. �The request of the Class of 1880 to place a tablet to Prof. Salvadore DeSoto in the chapel was granted with the understanding that it be a tablet in harmony with those already there, and be put up under the direction of Prof. John C. Fales. On motion, the Board adjourned. John A. Cheek, Secretary Danville, Ky., February 7, 1899 The Board of Trustees of Centre College met at the President's study and was opened with prayer. Members present were: Drs. Blayney, Fulton, Martin, Messrs. Curry, Welsh, Jacobs. Dr. Fulton and James A. Curry took the oath of office as required. Rev. William L. Moore, D.D., of New York was unanimously elected a Trustee to fill the vacancy caused by the death of Rev. Samuel A. Mutchmore, D.D. President Roberts stated to the Board that a friend had offered $150 a year for five years to be used as prizes for the best prepared applicants for the Freshman classes. The Board accepted the gift, with thanks of the Board to be returned through President Roberts to the unknown friend. (Mrs. Roswell Miller). The Board added two scholarships to the $150 and established two prizes: 1st Prize being $100 and a scholarship for the Freshman year, and 2nd Prize being $50 and a scholarship for the Freshman year, to be given under the direction of the President to the two students who pass the best entrance examination for the Freshman Class, and are candidates for the A.B. degree. The following action was taken in regard to the late Dr. Samuel A. Mutchmore, D.D., L.L.D., of Philadelphia. The Board of Trustees of the Centre College of Ky. have learned with sincere sorrow of the death of Rev. Samuel A. Mutchmore, D.D., L.L.D., who departed this life at his home in the city of Philadelphia on October 30, 1898. Dr. Mutchmore was a graduate of this College to whom the institution can point with pride. The indomitable resolution which characterized him in early life and which enabled him unassisted to make his way through college continued with him throughout his whole life and enabled him to overcome obstacles and difficulties which would have discouraged any ordinary man, and to rise to a foremost position of honor and influence in the church and the world. This Board desires to make record of its high appreciation of the character of Dr. Mutchmore as a man of affairs, successful to an eminent degree in his various business undertakings and of the most robust integrity and justice in his dealings with his fellow men; as a philanthropist giving willingly and largely of his means for the building and maintaining of churches and charitable enterprises; as a man of letters writing books widely read and controlling one of the most influential religious journals in this or any other land; as a minister of the gospel whose sincere piety and earnest zeal were evident to the world, who preached a pure gospel with a power that was peculiarly his own and under whose ministrations large numbers were added to the church; and as a man of wide influence and usefulness which was recognized by the church at large in making him Moderator of the General Assembly and a member of various special committees and governing boards of charitable and educational institutions and who was faithful and influential in every position he was called to occupy. �Dr. Mutchmore was for many years a member of our Board and although on account of distance he could not attend always on our meetings, yet he always held himself ready to cooperate with the policies adopted by the Board and even cherished the most lively interest in the welfare that tended to her success. His love was strong even in death. The Board hereby formally approve of the presence of our Chairman at the funeral services of Dr. Mutchmore in Philadelphia and recognizes him as the representative of this body on that occasion, bearing public testimony of our appreciation of the character of the deceased and sorrow for the loss this institution, the church and the world have sustained in his death. The Secretary is requested to forward a copy of these resolutions to the widow of the deceased, and also furnish it for publication to the Presbyterian. On motion, the Board adjourned. John A. Cheek, Secretary Danville, Ky., June 13, 1899 The Board of Trustees of the Centre College of Kentucky held their regular annual meeting in the session room of the Second Presbyterian Church of Danville and was opened with prayer by Dr. Blayney. The members present were: Drs. Blayney, Fulton, Smith, Martin, Sutherland, Moore, Messrs. Curry, Ernst, Kinnaird, Humphrey, Welsh. The Chairman presented the resignation of Dr. S. M. Hamilton as a Trustee, which was accepted and Dr. William C. Roberts was elected to fill the vacancy. Drs. Moore, Smith, Roberts, and Messrs. Humphrey, Ernst, and Kinnaird then took the oath of office as required by the Charter. The minutes of June 7, 1898, October 12, 1898, and February 7, 1899, were read and approved as recorded. The minutes of the Financial Committee were read and their action approved. The report of the Treasurer was read and approved and ordered recorded. Authority was given the Financial Committee to write off such subscription notes as the Committee may feel are not collectable. The Faculty report was then presented by the President and was as follows: The Honorable Board of Trustees of Centre College Gentlemen, It affords me great pleasure to present to you as the representative of the Faculty my first annual report. "The Lord hath done great things for us, whereof we are glad." The life and health of the Professors were graciously preserved throughout the year. Though the heat was intense and protracted in the autumn and the winter unusually severe, yet all were able to perform their duty with fidelity and efficiency. The conduct of the students throughout the year was most exemplary. There was no insubordination or outbreak requiring discipline. They were put at the beginning of the year upon their own honor and they proved true to the trust. The extreme heat at the beginning of the Fall term prevented a number of students from entering with vigor upon their duty, especially that required of them in the Gymnasium. The unusual number of stormy weeks in winter caused some irregularity in the attendance on chapel and the classroom, but on the whole a goodly degree �of faithfulness characterized the work of the students as well as that of the Professors. We regret to say that three students were a few months ago dropped from the College roll for irregularity and inattention to their studies. Two sad accidents occurred which cast a deep gloom not only over the College but over the whole community. During Winter three or four students went to a neighboring pond to skate. On returning Mr. John Watson Brown of Gratz, Ky., was struck by the locomotive of a fast train and instantly killed. He was a lovely lad, and as some of his classmates declared, the best prepared to enter into the presence of God. In the month of May a few students went out to Dicks River to fish and before casting their lines went in swimming. On account of the unexpected freshet in the river there was an undercurrent they did not notice, that drew McDonald Smith Gordon of Fannittsburg, Pa. to the bottom and he was drowned. The general impression among the students is that he risked his life to save a fellow student. Like Mr. Brown he was one of the best prepared for death of all his classmates. Everything was done that could minister consolation to the bereaved families. None of the friends of the young men who lost their lives feel that the College is responsible for either of the two accidents. The death of these two young men produced a profound impression upon all the students, if not a desire to be ready to meet their God. I am happy to inform the Board that I have been most cordially received by all the ministers and the members of our churches in a number of towns and cities of Kentucky. Formal receptions were given me not only in Danville but also in Louisville, Lexington, Frankfort, and other places. I have preached in not a few of the pulpits of the Southern Branch of our church and addressed four or five high schools and academies. Assurances have been given me in all these places that students will be sent the coming year to Centre College. From these assurances, as well as from much general correspondence, hopes are entertained that our accessions this fall will be large. Though no formal or systematic effort at raising money was inaugurated last year, yet we are happy to state that $2,500 have been obtained from the citizens of Danville for the improvement of the campus, $1,000 from the Rev. Dr. William L. Moore of New York City to establish a scholarship to be named hereafter, and $150 a year from Mrs. Roswell Miller for at least five years as a prize for the student who passes the best entrance examination into the Freshman Class. Valuable promises have been received that will probably afford substantial aid in the future. To be more specific the attention of the Board is called to the following items, namely, The Faculty and its work As has already been stated, every Professor performed his duty to the satisfaction of the President, the examining Committee of the Synod, and the students. A few fathers known to be scholarly men have expressed their unqualified approbation of the work done in our class rooms. The examining committee of the Synod spoke in the highest terms of what they heard in the recitation rooms. Each professor has most cheerfully performed the miscellaneous duties allotted to him. The greatest harmony of views and action have prevailed in Faculty. Two new Instructors or Professors as they are called by courtesy were added to the Faculty during the last year, namely Prof. Clarence McCheyne Gordon, Ph.D., and Prof. Charles Swain Thomas, A.M. They have proved themselves worthy of their predecessors and endeared themselves both to the older members of the Faculty and the students. Prof. Gordon was an honor man in Princeton University, received the Science Fellowship of $600 and the degree of Ph.D. at Gottengen, Germany. He took a postgraduate course in Harvard after he returned from Europe and was at the close of it made Instructor in Physics in that University. He is a Christian gentleman of the highest order - the son of a Presbyterian minister who himself took second honor in Princeton College. It is the judgement of the Faculty and the students that the College has made a most valuable acquisition by securing Prof. Gordon. I unhesitatingly recommend that the Board make him at this meeting a full Professor of Physics and Chemistry. �Prof. Thomas fills the chair of English and French. He was called from a Professorship in the same department in the University of Indiana. Like Professor Gordon he is a Christian gentleman of the best type. The Faculty would be glad to welcome him as one of their number. I therefore cordially recommend him to the full Professorship of the English Language and Literature. I further recommend that Prof. William Hallade Johnson, M.A., be retained for the coming year as a Professor of Logic and Psychology at the same amount of compensation as heretofore, viz. $800 a year. When it was intimated that there was a possibility of Prof. Johnson being dropped a petition signed by all the members of the four classes was handed to me asking the Board to retain him. Prof. Johnson is very popular with the students. He is not only a painstaking Instructor but a constant attendant on the students religious and literary meetings. The instruction, to a large extent, was like that of preceding years. All must feel that the curriculum should be enlarged and strengthened as soon as practicable. A chair of Modern Languages, including Spanish, should in my judgement be established at this meeting of the Board, though we may not for a year or more be able to pay the salary of a Professor. The next catalogue should show that the Board intends to have that important department taught by an expert. There is imperative need of a second Professor in physics and chemistry who shall teach the application of the principles of those departments to the mechanic arts. By this is not meant that it is our purpose to go far into the province of technology. I am not prepared at present to recommend the establishment of such a chair, but I would suggest that the executive committee or the committee on the curriculum, should it be appointed, be empowered to appoint an assistant at a small compensation for the year in case the number of students demand it. I trust that a part if not all of the appropriation asked by Prof. Gordon will be granted him. In addition to his thorough and satisfactory work in the classroom Prof. Fales takes good care of the library and is preparing with great pains the general catalogue which will appear next year. He is modest in his demands on the treasury of the Board, namely $150, and I hope it will be granted him. No appropriation has been asked or communication received from the other Professors, but it is due to them that I state that their work is thoroughly satisfactory. I am sorry to state that Mr. Winter has resigned his place as Instructor in Physical Culture. He is a true Christian gentleman, faithful, hardworking, and popular with the students. He is not dissatisfied with his work in the College but goes to New York to study medicine. The Board will be glad to know that the executive committee has in view a successor to Mr. Winter, a man who is in all respects his equal, if not his superior. It is the intention of the Committee to put under the new instructor in Physical culture not only the gymnasium, but the baseball and football teams. The outdoor sports have not been for two or three years altogether satisfactory. It is hoped that we shall be able to put them on a better footing the coming year. In the absence of a paid instructor in Elocution, the Rev. John Lapsley McKee, D.D., has kindly given valuable instruction in that department free of charge. Some of the students speak in high terms of the help he gives them and others feel that a younger man should be employed. I trust the Board will acknowledge by a formal note the valuable free services given the College by Dr. McKee. His name in the catalogue is a great value to the College. Academy This is probably the best place to notice the work done in the Preparatory School by Messrs. Bosley and Acheson. Both are admirable teachers. They expect to send fifteen or twenty students to the coming Freshman class. Mr. Acheson is engaged to go to Harrodsburg next year and Mr. Bosley is negotiating with Mrs. Hogsett a union of the �two academies. Meanwhile he has made a proposition to the Board of Trustees for his services the coming year. In view of the uncertain condition of the Academy, I would recommend the appointment of a committee of the Board to take the whole matter under advisement and arrange its affairs for the coming year, only one member of the Committee to be from Danville. Law School It is greatly to be regretted that Hon. John W. Yerkes has sent in his resignation as a Professor in the Law School. The number of students was smaller last year than during some of the preceding years, but the work done was equally high and thorough. I would recommend that the tendered resignation of Mr. Yerkes be not accepted, and that a committee be appointed to wait on him, persuade him to remain, and if this cannot be effected to secure a suitable man to take his place. College Home Messrs. Baird and Mills had charge of the College Home during the year - one taking charge of the boarding and the other of the dormitory department. The management of the Home has met our highest expectations. It is not easy to satisfy the students with board especially when they pay but $1.75 a week for it. In this case I am happy to say there have been no complaints so far as my knowledge goes. Mr. Baird will remain through the coming year, which will be glad news to all the students connected with the Home. Students and Their Studies Considering the uncertainty until commencement day as to whether or not the College was to have a President the last year, the number of matriculations is considered satisfactory. The whole number admitted into the College is fifty-nine. The Freshman class is the largest in the history of the College. From present indications the entrants the coming year will be much larger. But it is not safe to play the role of a prophet in regard to the number of students. If the training given in our high schools and academies would warrant I would suggest a slight advance in our course of study both Classical and Scientific. But it is not wise to put the course of study in our College beyond the power of their feeders to furnish the requisite preparation. This kind of adjustment must be a matter of time. Athletics Some difficulty was experienced last year to secure full attendance at the gymnasium of the two lower classes but it is said that it was better the preceding year. The athletic exhibition at the close of the term was pronounced by those capable of judging the best they had ever witnessed. It is hoped that a more general attendance will be secured next year. The football and the baseball games fell far short of what we looked for. By some strange fatality our teams were beaten badly a number of times. Our men are physically light and unable to cope with the robust representatives of some other Institutions. The Faculty experiences much difficulty in excluding from the games all ball players who are not bona fide members of College. Our outdoor sports call for some readjustment that I am not prepared at present to define. Another year may witness a decided improvement in this department if it can be put in the hands of a responsible director. I would suggest however the appointment of a strong committee to take the whole matter into consideration and adjust it. �Library The Library is in excellent condition. Prof. Fales deserves the highest commendation of the Board. Valuable pamphlets are in danger of becoming worthless on account of not being bound and properly catalogued. Of pamphlets we have - 4,124 - 613 were added last year. The whole number of books in the Library is 12,988. Literary Societies Complaints have been made that many of the students fail to connect themselves with either of the two literary societies. And those who do, do not show the interest which they ought in a department so important in a College. Some of our leading students have promised to devote more time next year to the work done in our literary societies. Religious Societies While the meetings of these societies are not largely attended, the spirit manifested by a number of their members is excellent. Men from abroad have been invited to address them with the view of awakening an interest in their members. Some of the meetings have been beneficial and uplifting. With all the stimulus afforded by our societies the attendance at church on the Lord's day is far from being satisfactory. The students are allowed to attend the church of their choice, and the pastor is notified of it, but he does not keep a watchful eye over them or report any delinquencies to me. I know not at present any special remedy for this. The time may come when in self-defense we shall be compelled to worship in our chapel. But the time for this is not yet. Grounds and Buildings Ours is one of the most extensive and beautiful campuses in America. It contains 43 1/3 acres of undulating land lying in the heart of the city of Danville. But little effort has been made to improve and beautify it. Its condition for years has had an air of neglect. Parents have noticed this and hesitated to send us their sons. To remove this difficulty, I have obtained from the citizens of Danville a subscription amounting to $2,500 towards putting up new fences, weeding out worthless and unnecessary trees, and building a carriage way and walks through the grounds. We have already begun the improvements and hope by Fall to have them completed. We desire if possible to close Walnut Street and offer in exchange for it a street in the rear of the College. The buildings are in tolerably good state of repair. A few hundred dollars would put the chapel, the recitation rooms, and the halls of the main building in a satisfactory condition. I would recommend in this connection the discharge of Capt. Hensen because he is not needed and the appointment of two janitors more efficient than those who are at present in the employ of the College. Degrees Recommended The Faculty recommends the following gentlemen who have performed the work required by the College for the degree of M. A. Mr. Charles Eugene Bates Class of 1898 Robert Gibson Shearing Class of 1898 �M.S. Joseph George Hackly Class of 1895 Honorary Degree of A.M. Rev. John T. Brown of Louisville, Ky. Class of 1896 Leslie Carroll Bosley, Danville Class of 1896 The Faculty recommends for degrees in course the following gentlemen, viz. For Degree of Bachelor of Law William Harvey Clarke John Jordan Crittenden Watson Clement Jackson Whittemane Marion, Ky. Frankfort, Ky. Mayfield, Ky. For Degree of Bachelor of Arts George Howard Bruce Joshua Brown Dickson Samuel Jacob Fryer Chenault Huguely Samuel Beriah Jones James Thomas Lapsley Walter Crane Ledyard Joseph Wilkins Mansfield Edwin Weller Mills William Henry Moore Hugh Moore Clarence Reid Ogg Harry Clayton Rogers Frank Adams Shepard Alpheus Winter, Jr. Stephen Lovell Yerkes Danville, Ky. Conder, Ma. Fern Creek, Ky. Danville, Ky. McAfee, Ky. McAfee, Ky. Danville, Ky. Springfield, KY. Webster Groves, Ma. Parksville, Ky. Parksville, Ky. Mt. Sterling, Ky. Mt. Sterling, Ky. Luin, Ills. Tryon, N.C. Danville, Ky. For Degree of Bachelor of Science Ridgely Taylor Backer Herbert Bronner Omar Waller Faulkner James Thomas Hackley John Lafour William Walter Henry Mustaine Joseph White Norwood Wade Hampton Powell Frank Congleton Taylor Lexington, Ky. Louisville, Ky. Maysville, Ky. Stanford, Ky. Harrodsburg, Ky. Hurricane, Ky. Frankfort, Ky. Uniontown, Ky. Carlisle, Ky. �James Garrett Wood Danville, Ky. For Certificates Joseph Faulconer Robert Morris Mayer Chas. Sanders Wood The faculty recommends for adoption a plan for the degrees of Master of Arts and Master of Science. (Plan recommended is on file with Secretary of Board.) I would recommend that Professor John C. Fales be continued Dean of the College Faculty without additional salary or increase of work. For efficiency and convenience I would recommend the appointment of the following committees to act for the Board between its regular meetings and to report at its annual meeting in June, viz. 1. 2. 3. 4. Committee on Finance to consist of three or five members of the Board with the President of the College as an ex officio member. Committee on the Curriculum to consider all changes that may be needed in the course of the studies and to consist as above. Committee on Grounds and Buildings to consider all improvements of the grounds and all plans and contracts for new buildings as above. Committee on Morals and Discipline to act between meetings of the Board on serious or complicated cases of discipline. Drs. Condit and Waller, members of the Board of Trustees, having arrived on the train from their homes, took their places as Trustees. The report of the Faculty was taken up and considered seriatim. The Chair of Modern Languages was established as recommended by the President. Authority was given the President to employ Prof. W. H. Johnson for the coming year at a salary of $800. The matter of additional instruction in Physics and Chemistry was referred to President and Finance Committee. The request of Prof. Fales for $150 for the Library was granted. The employment of an Instructor in the gymnasium was referred to the President and the Finance Committee, with the understanding that all outdoor sports, football and baseball, be placed under one instructor, who is to be under control of the Faculty. Thanks of the Board were voted to Dr. John L. McKee for his instruction in elocution given to the students; and it was ordered that the name of Dr. McKee be placed in the catalogue next after the name of the President with the title of Vice President Emeritus. �The matter of the Academy was referred to a special committee to be appointed by the Chair, with the President ex officio a member with power to act. The election of Professors was then taken up. Clarence McCheyne Gordon, Ph.D., was elected to the chair of Physics and Chemistry and Charles Swain Thomas, A.M., to the chair of English Language and Literature. Both elections were by ballot, each receiving 14 affirmative votes. The salary in each case was fixed at $1,600 per annum payable quarterly and beginning with the opening of the next session of the College. The committees recommended by the President were created and the President of the College is to be an ex officio member of each committee. Each committee is to consist of three members to be appointed by the Chairman of the Board of Trustees. John C. Fales was appointed Dean of the Faculty with power to perform such duties as may hereafter be requested of him from time to time by the President of the College. The recommendations of the Faculty and the plan for the degrees of Master of Arts and Master of Science were approved and adopted by the Board. The honorary degree of D.D. was conferred on Rev. Frank J. Cheek, Class of 1876, and on Rev. James W. Skinner, Class of 1880, and the degrees as recommended by the Faculty were conferred on the several persons as stated in their report to the Board. The Board was invited to take lunch with the President. Recess was taken until 3 o'clock p.m. and it was agreed to meet in the parlor of the President's House. The Board was called to order at 3 o'clock p.m. and took up the matter of the Law Department. The Treasurer read to the Board the report of a committee of the Board consisting of Hon. Robert P. Jacobs, Dr. Robert R. Sutherland, and George W. Welsh appointed at a meeting of the Board held June 18, 1897, which was as follows: At a meeting of the Executive Committee of Centre College held July 1, 1898, present Welsh, Sutherland, and Jacobs. Welsh was called to the chair. In the matter of the salary of Gov. John Proctor Knott as Dean of the Law faculty, referred to said committee for settlement by an order of the Board held June 8, 1897, the following order was made. After a full examination into said matter the committee is of the opinion that Gov. Knott is entitled to receive from the fees paid the Treasurer of the College by the students of the law class an amount (in addition to the salary heretofore paid him) equal to the total amount paid Messrs. Yerkes and Jacobs both for the sessions of 1894-95, 1895-96, 1896-97, 1897-98, less one half the incidental expenses, and the Treasurer of the College is hereby directed to make settlement with Gov. Knott on this basis. This action is a settlement for the services of Gov. Knott as Dean of the Law Faculty for the sessions mentioned leaving the future compensation of Gov. Knott as Dean of said Faculty to be settled by the Board. This order is directed to be certified to the Treasurer. (signed) Robert R. Sutherland, Secretary, Committee, George W. Welsh, Chairman, pro tem. �After explanation of the effect of the foregoing action of the Executive Committee, the following action was taken: Resolved that a committee be appointed by the Chair to confer with Gov. Knott to inform him that the Board, owing to the condition of its finances, cannot see its way clear to continue to pay him the same compensation that it has heretofore paid him; to advise him that Mr. Jacobs and Mr. Yerkes have tendered their resignations; and to confer with him and also with Mr. Jacobs and Mr. Yerkes as to the best interests of the Law School. Further said committee is fully authorized and empowered to confer with Gov. Knott as to his compensation for the past year and to settle and fix his compensation for said past year. The committee appointed to confer with Gov. Knott and Messrs. Jacobs and Yerkes were Drs. Blayney and Roberts and Mr. Welsh. The question of which were "incidental expenses" in the report of Executive Committee have set forth was referred to the Financial Committee in connection with the Treasurer. The matter of janitors and policeman in the Faculty report was referred to committee on Buildings and Grounds. It was ordered that the chairman of the Board shall be the chairman of the Finance Committee. The Chairman then announced the members of the several committees as follows: Committee on Finance - Humphrey, Welsh and Blayney Committee on Curriculum - Smith, Martin, and Simpson Committee on Grounds and Buildings - Fulton, Curry and Welsh Committee on Morals and Discipline - Waller, Humphrey, and Jacobs Special Committee on Academy - Fulton, Warren, Curry and Blayney The sisters of Rev. William C. Young, D.D., L.L.D., deceased and late President of Centre College, namely Misses Eugenia Young and Sarah L. Young, and Mrs. Zillah Y. Jacobs, having paid to the Treasurer of the College the sum of $11,000, the following action was taken by the Board: The Board acknowledges the receipts of fifty-five hundred dollars from Eugenia Young, Sallie L. Young, and Mrs. Zillah Y. Jacobs, and paid by them from the estate of William C. Young, deceased, late President of Centre College, and in compliance with his request to them; and which sum the Board receives in trust to pay the annual or semiannual interest or profit realized there from to Carrie Y. Douglass of Woodford County, Kentucky, during her natural life and after her death for purpose of endowment of four scholarships in Centre College, one to be called the John C. Young Scholarship, one the Cornelia C. Young Scholarship, one the Lucy Waller Young Scholarship, and one the William C. Young Scholarship. The Board also acknowledges the receipt of the additional sum of $5,500 from Eugenia Young, Sallie L. Young, and Mrs. Zillah Y. Jacobs and paid them from the estate of William C. Young deceased, late President of Centre College, and in compliance with his request to them and which sum the Board receives in trust to pay the annual or semiannual interest or profit realized there from to Mary Y. Rout, wife of Rev. G. H. Rout of Woodford County, Ky., during her natural life, and after her death to Cornelia, daughter of said Mary Y. and G. H. Rout during her natural life if she should survive her mother, and to said Rev. G. H. Rout during his natural life, if he should survive both his wife and daughter, and at the death of the survivor of said persons to be disposed of by the Board for the interest and benefit of Centre College. The thanks of the Board were extended to the donors for these liberal and generous gifts to the College. �A communication from the sisters of Dr. Young in regard to his will was received and referred to a Committee consisting of Dr. Roberts, Mr. Humphrey, and Mr. Yerkes. Prof. Gordon's application was referred to the Finance Committee. The question of employment of canvassers was referred to the President and Treasurer. Board took recess until 8:30 o'clock next morning to meet at Second Presbyterian Church. Board met at Second Presbyterian Church at 8:30 o'clock Wednesday morning and was called to order by the Chairman. Report of Prof. Gordon of fees collected by him and expenditures by him for the laboratory of Physics and Chemistry (both of which are in addition to those shown in the report of the Treasurer) was presented to the Board and was as follows: Total receipts, $191.68; Expenditures, $172.98, leaving balance in Prof. Gordon's hands of $18.70. Board ordered that this report be handed to the Treasurer before the 20th of April in each year and by him embraced in his report to the Board. The following action was taken concerning all previous appropriations by the Board: All previous appropriations to the respective departments of College work are hereby rescinded and hereafter all appropriations to these departments in excess of special orders of the Board shall be authorized by the Finance Committee. Report of the Committee to confer with Gov. Knott was received and approved and is as follows: The Committee appointed to confer with the Dean of the Law Department with reference to his salary, and the Professors of that Department with reference to their offered resignations, reported that they had discharged their duties as far as possible. Owing to the absence of Prof. Jacobs from town the committee was unable to see him. They saw Prof. Yerkes and he agreed to withdraw his resignation which he had felt constrained to offer on account of lack of time to discharge the duties of the position. The Committee called on Gov. Knott and as instructed by the Board informed him that owing to the condition of the finances the Board did not see its way clear to continue his salary at the rate fixed in the adjustment of the committee hearing date of July 1, 1898. After full conference in which Gov. Knott expressed his profound interest in the success of the Law Department and the College, he agreed to accept as his salary for his services to the College $1,600 per annum beginning from date of adjustment before mentioned July 1, 1898, the Board agreeing to arrange to pay promptly the balance due him according to the aforesaid adjustment of July 1, 1898. The Committee would therefore recommend that Gov. Knott's salary for his services to the College in the Law and Academic departments be fixed at $1,600 per annum to begin from the date of September 1, 1898, and that the Treasurer be instructed to arrange to pay as promptly as possible the balance due Gov. Knott by the adjustment of July 1, 1898. The report of the committee was unanimously adopted. The Secretary was instructed to furnish Gov. Knott with a copy of this report with the request that if it does not correctly represent his understanding of the conference, he indicate to the secretary the points of difference. �On motion the Board adjourned to meet Tuesday June 12, 1900, at 9:30 a.m. John A. Cheek, Secretary Danville, Ky., June 12, 1900 The Board of Trustees of the Centre College of Kentucky met pursuant to adjournment in the Second Presbyterian Church of Danville, Ky., June 12t, 1900, at 9:30 a.m. and was opened with prayer by the Chairman. The certificate of the Stated Clerk of the Synod of Kentucky was produced showing that the following were elected Trustees for terms expiring 1902, viz. Rev. J. Kinsey Smith, D.D.; Rev. J. McCluskey Blayney, D.D.; Rev. Claude B. H. Martin, D.D.; John A. Simpson, Esq.; Rev. Peyton H. Hoge, D.D.; Hon. Andrew M. J. Cochran; and Rev. Edward L. Warren, D.D., and that the election of Rev. William C. Roberts, D.D., in place of Rev. S. M. Hamilton, D.D., resigned, and Rev. W. L. Moore, D.D., in place of Rev. Samuel A. Mutchmore, D.D., deceased, were confirmed. The oath of office was taken by the new members present and the Board then elected Rev. J. McCluskey Blayney, D.D., Chairman. The reasons for absence from last meeting by John A. Simpson and from this meeting by Andrew M. Cochran and Richard P. Ernst were sustained. The minutes of last meeting were read and on motion approved as recorded. The secretary reported that he had furnished to Gov. Knott a copy of the report of the Committee and action of the Board at its last meeting concerning his salary, and that he had received from Gov. Knott, no notice of objection on his part to the action of the Board of Trustees. The resignation of Mr. William H. Kinnaird as a Trustee was received, and on motion accepted. The Secretary was instructed to express to Mr. Kinnaird the sincere regret of the Board that his health should require his resignation and their appreciation of his long and faithful service. The vacancy thus caused was filled by the election by ballot of Mr. Robert T. Quisenberry of Danville, Ky. The minutes of the Finance Committee were read, which were as follows: The Finance committee met June 12, 1900. Present, Dr. Blayney, Edward W. C. Humphrey, and George W. Welsh. A list of the old subscription notes were ordered charged off the books of the Treasurer and also a list of notes to the Alumni Memorial Building Fund, as the conditions under which these latter notes were secured were never complied with, it is recommended that they be turned over to President Roberts for him to correspond with the makers and where they are willing turn amounts over to the Museum fund for improving the College Home building. George W. Welsh was appointed auditor of the Finance Committee. The Treasurer read list of loans and investments made for past year, which as shown on the Treasurer's ledger, were approved. George W. Welsh having compared vouchers of the Treasurer on June 11th, also list of notes and mortgages with the books of Mr. Cheek and finding same to agree this committee approved the statement of the Treasurer. The Committee suggests that when premium is paid on bonds as investments it shall be charged to income account and when such investments are made under par, that the discount be credited to General Fund. �On motion the minutes of the Finance Committee approved and its recommendations were adopted. The Treasurer then read his report which had already been approved by the Finance Committee and on motion same was approved and ordered kept in books for that purpose. The President then read the report of the Faculty which was accepted and the Board proceeded to take up the recommendations seriatim. On motion it was ordered that not exceeding $700 be paid for an Instructor in the Gymnasium and the coach for the Foot Ball team. The President in connection with Prof. Gordon was authorized to employ an assistant in Chemistry at a salary not to exceed $500. Any appropriation in the chemical department was referred to the Finance Committee. On motion the Chairman was requested to appoint a committee to express the thanks of the Board to the Committee on Campus Improvements. Chair appointed Drs. Martin, Smith and Mr. Simpson. On recommendation of the Faculty the following degrees were conferred: Bachelor of Laws Samuel Kelley Baird Charles Dixon Burbank George Maxwell Chapman William Victor Cohn Edward Crossland James Andrew McKenzie, Jr. Austin Flint Moss Cecil Reed John Mason Robsion John Cook Voris George Winston Welsh Waterford, Ky. Henderson, Ky. Hawthorn, Fla. Ft. Smith, Ark. Mayfield, Ky. Oak Grove, Ky. Hodgenville, Ky. Benton, Ky. Barbourville, Ky. Burgin, Ky. Danville, Ky. Degree of B.A. Oliver Paul Barnhill William Hyde Chapman Edwin Oliver Clark Green Clay Goodloe DeWitt Clinton Tucker Grubbs Heman Humphrey Leonidas Young Redwine Charles Reisch Harry Baldwin Roberts Harry Allan Shaw Daniel Lindsey Thomas James Chrisman Tompkins LaGrange, Ky. Grove Park, Fla. Whitefield, I. T. Danville, Ky. Junction City, Ky. Louisville, Ky. Sandy Hook, Ky. Louisville, Ky. Ironton, O. Louisville, Ky. Lebanon, Ky. Danville, Ky. �Degree of B.S. Jeremiah Clemens Caldwell, Jr. Edwin Porter Curry Charles Meredith Garth Leslie Holman Gault Lewis Warner Green John Brown Honan Edward Converse Irvine John James Slaughter Danville, Ky. Danville, Ky. Louisville Washington Danville, Ky. Maysville Bardstown Danville, Ky. For Certificate Wilburn Meals Irwin Webster Grove, Md. For Degree M.A. George Howard Bruce Edward Brierly Nelson Brocton, Mass. Danville For Degree M.S. James Francis Lawwill Shelbyville, Ky. By ballot vote the Board then conferred the Honorary Degree of D.D. and L.L.D. as follows: Degree of D.D. Rev. C. K. Crawford Rev. T. S. McWilliams Rev. William L. Moore Danville, Ky. Montreat New York City Degree of L.L.D. Dr. Thomas Edward Pickett Maysville, Ky. Board took recess to meet after lunch at the President's House. At 2 o'clock p.m. Board met at the President's House, and the following resolution concerning an Instructor in Modern Languages was adopted: Resolved that the President of the College and the Finance Committee are hereby authorized to employ an Instructor in Modern Languages for the coming year at a salary not exceeding $1,000 provided said President and Committee can secure from outside present income of the College sufficient to pay said salary. �The employment of canvassers for students was left to President and Treasurer. An appropriation of not exceeding $150 was made for library. Prof. William H. Johnson was continued for coming year at salary of $800. The Treasurer was authorized to pay expenses of a suit in Fleming County, Ky., to collect legacy under will of Elizabeth Shanklin, deceased. Messrs. Robert T. Quisenberry and George W. Welsh were appointed a committee to look after the interests of the College in sale of Cogar lot near depot. A committee appointed to prepare rules governing this Board in conferring degrees of D.D. and L.L.D. reported as follows: Resolved that all applications for degree of D.D. and L.L.D. shall be sent to the President of the College, who after consultation with the Faculty, shall bring same before a committee of this Board, which committee shall consist of three members (one of whom shall be the President of the College) which committee shall serve three years. No application shall be considered by the Board, except such as may be recommended by said committee. And out of the number recommended by said committee, not more than three in each class shall be conferred in any one year. Chairman appointed President Roberts, Dr. Peyton H. Hoge and Robert T. Quisenberry as members of this committee. The bonus of $150 to the Centre College Cento was continued for the coming year to be paid as directed by the President and Treasurer. On motion, the standing committees were continued for the coming year, with Robert T. Quisenberry added to the committee on grounds and buildings. On motion, the matter of the Academy was referred to the Financial Committee. Report of Committee on Morals and Discipline received and approved. Committee on Curriculum reported progress. Louisville, Ky., April 5th 1901 The Board of Trustees of Centre College met pursuant to call of the Chairman in the Warren Memorial Church, Louisville. Present: Drs. J. McClusky Blayney, William C. Roberts, William C. Condit, Edward L. Warren, J. Kinsey Smith, Peyton H. Hoge; Messrs. George W. Welsh, Robert T. Quisenberry, James A. Curry, Robert P. Jacobs, John A. Simpson, Edward W. C. Humphrey. The object of the meeting having been explained, and the agreements for the consolidation of the Presbyterian Theological Seminaries at Danville and Louisville under the name of Presbyterian Theological Seminary of Kentucky, and of Centre College and Central University under name of Central University of Kentucky having been read, the following action was taken. �Whereas there has been presented to this Board a draft of an agreement proposed to be entered into between the Trustees of the Centre College of Kentucky and the Central University of Kentucky, having as its purpose the consolidation of these two institutions upon the terms and conditions therein set out, which proposed agreement is in words and figures as follows: (See pamphlet marked "A", April 5, 1901) Now be it resolved 1. 2. That subject to the condition hereinafter named, this Board approves said agreement and does hereby authorize and direct that the same shall be signed, sealed, delivered, and executed by the Executive officers of this corporation in its present form or in such amended form accomplishing the same general result as may be advised by counsel. That said agreement shall not be delivered or executed unless and until an agreement for the consolidations of the Presbyterian Theological Seminary at Danville in the State of Kentucky and the Louisville Presbyterian Theological shall likewise be made and be ready for delivery and delivered simultaneously with the delivery of the consolidation agreement herein above authorized, by an aye and no vote. Those voting aye were Blayney, Roberts, Condit, Warren, Smith, Hoge, Welsh, Curry, Jacobs, Simpson and Humphrey. Total 11. Those voting no Quisenberry - 1. On motion, it was ordered that on the approval by the Synod of Kentucky of the agreement above referred to as pamphlet "A", the Chairman of this Board shall file with the Secretary of State a copy of this action as an acceptance of the Constitution of Kentucky by this corporation. On motion, Board adjourned. John A. Cheek, Secretary Louisville, Ky., April 23, 1901 On call of the Chairman the Board of Trustees of the Centre College of Kentucky met in the Warren Memorial Presbyterian Church, Louisville. Present: J. McClusky Blayney, Claude B. H. Martin, Edward L. Warren, Maurice Waller, William C. Roberts, Edward W. C. Humphrey, James A. Curry, William C. Condit, George W. Welsh, Andrew M. J. Cochran, Peyton H. Hoge, J. Kinsey Smith. On motion, the following persons nominated by the Synod of Kentucky to be Trustees of the new Central University were confirmed and the Secretary was directed to cast the ballot, viz. Edward W. C. Humphrey, William C. Roberts, Edward L. Warren, J. McClusky Blayney, John A. Simpson, Robert P. Jacobs, J. Kinsey Smith, Robert T. Quisenberry, James A. Curry, John Barbour, George W. Welsh and William C. Condit. Robert P. Jacobs and George W. Welsh were appointed a committee to negotiate with the Trustees of the Danville Theological Seminary about Breckinridge Hall. On motion, it was ordered that in consideration of the release and the conveyance by proper deed to this corporation by the Trustees of the Theological Seminary under the care of the General Assembly of the Presbyterian Church in the United States of America at Danville in the state of Kentucky, of all right, title, interest, and claim whatsoever under a certain contract made and entered into by and between this corporation and the �Trustees of said Theological Seminary above mentioned, and of record in the Boyle County Court Clerk's office of Kentucky in Deed Book No. 21 at page 632, and also to all claim to the profit or interest arising from a fund of about $6,850 known as the Theological Fund of Centre College, this corporation hereby agrees to give instruction to any and all students who may enter its College for instruction free of all tuition, where and when such students are in good faith candidates for the gospel ministry; and this Board does hereby consent that the plan adopted by the General Assembly of the U.S.A. in 1873 for the government and control of the Danville Theological Seminary and the Covenants therein contained shall be so altered and amended as to enable the agreement for consolidation of the Danville Theological Seminary and the Louisville Presbyterian Theological Seminary to be carried in effect, which said agreement was adopted by the Board of Directors of said Danville Theological Seminary on April 5, 1901. On motion, the Board adjourned. John A. Cheek, Secretary Danville, Ky., June 11th 1901 The regular annual meeting of the Trustees of Centre College met in the Second Presbyterian Church, Danville, Ky., June 11, 1901, at 9:30 a.m. and was opened with prayer by Rev. W. L. Moore, D.D. Present: J. McClusky Blayney, Chairman, W. L. Moore, Robert T. Quisenberry, Edward W. C. Humphrey, James A. Curry, Edward L. Warren, William C. Roberts, William C. Condit, George W. Welsh, Richard P. Ernst, Maurice Waller, Robert P. Jacobs. The certificate of the Stated Clerk of Synod of Kentucky showed that the following persons were elected Trustees by the Synod of Kentucky: Robert T. Quisenberry in place of William H. Kinnaird resigned for term expiring 1901, and William C. Roberts, George W. Welsh, Richard P. Ernst, William C. Condit, Robert P. Jacobs, and Maurice Waller for terms expiring 1903. The required oath of office was taken in presence of the Board by William C. Roberts, George W. Welsh, Richard P. Ernst, William C. Condit, Robert P. Jacobs, Maurice Waller, W. L. Moore, and Robert T. Quisenberry. Excuses for absence from this meeting of Dr. W. S. Fulton and Andrew M. J. Cochran were read and were on motion sustained. Minutes of last regular meeting and the called meeting on April 5, 1901, and on April 23, 1901, both held in Louisville, Ky., were read and approved. Resignation of Dr. W. S. Fulton was on motion accepted and Rev. John Barbour, D.D., was nominated and elected to fill vacancy. Report of Finance Committee was presented and on motion approved and recommendations adopted. The Treasurer presented his report which had been approved by the Finance Committee, and on motion same was approved by this Board. Treasurer was authorized to return to Beriah Magoffin a note given by him as endowment of scholarship on account of his changed financial condition and his inability to pay same as set forth in a letter to Board of Trustees. Report of Faculty was received. Employment and amount of salary to be paid to Prof. L. Waggener, Jr., in Modern Languages, and Instructor in Gym and Coach for Foot Ball team was referred to Finance Committee. On motion, the thanks of the Board were extended to Dr. Fayette Dunlap and Dr. J. C. Boyle lectures given during current year. �On motion, Dr. Roberts was instructed to express to Mrs. Samuel A. Mutchmore the appreciation of the Board for the legacy left in will of her husband, and Treasurer was authorized to invest same. On motion, the President of the College, the Treasurer, and George W. Welsh were appointed a committee to award scholarships. Rev. Peyton Hoge, D.D., appeared and was enrolled. On motion, $50 was appropriated to pay an assistant to keep library open, and $150 as a bonus to Cento. Business arrangement for coming year was referred to Finance Committee. $100 was appropriated to buy books for the library. The endowment of the Mrs. Annie E. Moore scholarship, $1,000 by Rev. W. L. Moore, D.D., of New York was announced, and conditions set forth, viz. that preference be given to applicants from school at Hyden, Ky., and for any desiring to study for the gospel ministry. Robert T. Quisenberry was made Chairman of the Committee on Buildings and Grounds. Verbal reports were made by the Committees on Buildings and Grounds and Morals and Discipline. Needs of the Chemical and Electrical Department were referred to Finance Committee with authority to appropriate not over $200 and the fees collected in those departments. The degree of D.D. was conferred on Rev. J. N. Ervin of Dayton, Ky., Rev. R. G. Ramsay of Danville, Ky., Rev. John B. Devins of New York. On recommendation of Faculty the following degrees were conferred: Master of Arts - John C. Acheson, Keizo Nakamura, Kenneth T. Postle. Bachelor of Arts - Kindrick S. Alcorn, James H. Armstrong, Harry Best, William A. Campbell, John T. Ewing , Allen W. Gullion, Robert A. Hogsett, Boyd A. Muster, J. Craig Ralston, Boyle O. Rodes, Jr., William Sampson, Clement B. Spalding, R. Burge Toney. Degree of Bachelor of Science - Homer T. Bradford, W. Glidden Cram, William W. Ensminger, Armsted M. Feland, Leonard W. Guess, Griffin Kelly, Edwin M. Kephart, Leo E. Knaebel, James A. Monks, William B. Oldham, T. Pollock Paynter, John C. Settles, Howard D. Sullivan, Benjamin S. Washer. On motion, Prof. A. M. Patterson was employed as assistant Instructor in Chemistry and Physics for coming year at $700 per annum. The following action was taken by the Board: Resolved that the Chairman of the Board on receiving the report of the Advisory Committee appointed by Synod, be instructed to call the Board together for final action before signing the contract for consolidation. �Board took recess until 8:30 p.m. Board met in Second Presbyterian Church at 8:30 p.m. On motion the following action was taken. Resolved that the Chairman of this Board and President of the College be directed to confer with Gov. James P. Knott as to the Law Department heretofore existing, and if Gov. Knott is willing to accept the position of Professor of said department upon terms: that he is to give his entire time to instruction in said department and surrender his position of Prof. of Civics, and for his sole compensation to receive the entire tuition fees paid by the students of said department, said committee is directed to employ Gov. Knott as Prof. Otherwise said Law Department is closed for one year. The following was on motion adopted. Resolved that the instruction heretofore given by the Professor of Civics and Economics be under the direction of the President of the College or distributed among such of the other Professors as the President may deem proper, and the Chair of Civics and Economics is now abolished. On motion, Rev. J. W. Tyler was employed to canvass for new students. Rev. William C. Condit asked to be excused from further attendance on meeting of Board. Board took recess until 9 o'clock a.m. Board met at 9 a.m. The following announcement was directed to be made from the platform at Commencement: that it is confidently expected that the matter of consolidation of Centre College and Central University will be accomplished within the next few weeks and that the Centre College of the new University contemplated will be opened in Danville at the beginning of the next term in September with an increased attendance of students and more fully equipped for work than either of the constituent institutions. Louisville, Ky., July 3, 1901 The Board of Trustees of the Centre College of Kentucky met pursuant to call of the Chairman at the Warren Memorial Church of Louisville, Ky., Wednesday, July 3, 1901, at 11 o'clock a.m., and was opened with prayer by Dr. Claude B. H. Martin. Members present were: William C. Roberts, Peyton H. Hoge, John Barbour, Claude B. H. Martin, J. Kinsey Smith, W. L. Moore, Edward L. Warren, James A. Curry, Edward W. C. Humphrey, George W. Welsh, Richard P. Ernst, Robert T. Quisenberry, Andrew M. J. Cochran. Rev. Edward L. Warren was on motion elected secretary pro tem. On motion, the Advisory Committee appointed by the Synod was invited to meet with the Board. After discussing the subject of perfecting the plan of consolidation the Board on motion took recess until 3 o'clock p.m. At 3 o'clock p.m. Board was called to order by Dr. Blayney, Chairman. On recommendation of the Faculty the Board conferred the usual degree on Mr. Bonner of the graduating class. �Board took recess until 5:25 p.m. At 5:25 p.m. Board met. Present: J. McClusky Blayney, Robert P. Jacobs, Edward W. C. Humphrey, Peyton H. Hoge, Richard P. Ernst, W. L. Moore, William C. Roberts, John Barbour, Anfrew M. J. Cochran, James A. Curry, Robert T. Quisenberry, George W. Welsh, Edward L. Warren, J. Kinsey Smith. Advisory Committee appointed by Synod reported in favor of signing the agreement of consolidation of the Theological Seminary and Centre College and Central University amended as advised by counsel. The following resolution was adopted. Resolved that the Chairman of the Board is directed to execute any and all proper legal conveyances of any real estate belonging to the Trustees of the Centre College of Kentucky situated in any other state to a trustee in trust to convey such real estate to the institution established by the Articles of Consolidation between this institution and Central University, and to be held upon the same conditions and trusts as may be provided in the conveyance or other title of Centre College. The Chairman is directed to affix a corporate seal to such instrument of conveyance and properly acknowledge and deliver same in the name of this institution. On motion, the Chairman of the Board was authorized and directed to sign the articles of consolidation between Centre College and Central University as recommended by counsel. Motion was adopted ayes, 13; noes, 1. � https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/cb7761593abc45669997849c1ba6b1c8.pdf?Expires=1776902400&Signature=VIfOZhuBe1PGDbWfcoQ-8e7l6nFj7V-GD2EHlEAIV0Psch0NcOtCfzq0tjDblNMPdxS%7E2pCg%7EIZuFtc8bhoLJ1C4jL7nvRMcg0L8QFx%7E1JxZoQmuNmFIEaE-csvge9kscMMALlj6mC-%7EpfO5OVHsqTHKIpE2C7jRfK6Mb5HwNBQGv-oEBXwCi2HQUhy5xKfbumZJe%7EaYu3jl9773%7EqvhHjJLYQVa%7EJ5pwiQlguGqzGISpFfE%7EsdMT-%7Ey2bi5KJfPeyAKgDPgLinjw4DP0yOfQnwiw2ied7Ob1u2x4rlrs9LU3pvnbIIsMQlLuXt3qAPH2h%7E2Hbwq%7EMRcR%7EFMdDIpcw__&Key-Pair-Id=K6UGZS9ZTDSZM 03ac7f45976d4bd07fc1eeb123717f14 PDF Text Text ������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������ Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees Description An account of the resource Minutes from the Centre College Board of Trustees. The Centre College Board of Trustees collection was compiled from a mass of papers found in various campus locations in the early 1980's. Since no clearly defined subdivisions existed, the material was simply divided by type of document, assigned a series letter, and then arranged chronologically. Series A, approximately half of the collection, consists of correspondence to, or from, members of the Board and the secretary and financial agent/treasurer, who served as agents of the college's governing body. A significant percentage of the collection deals with fund raising efforts by Centre, and efforts by the financial agents to collect on subscriptions made to the college. Other prominent subjects include: The Kentucky School for the Deaf (then known as the Deaf and Dumb Asylum); efforts to select presidents; faculty relations; consolidation (and aftermath) of Centre and Central University (Richmond, Ky.); consolidation of Centre and Kentucky College for Women; Carnegie foundation grants; and erection of college buildings, particularly Old Main, the "new" Boyle Humphrey Gymnasium (Sutcliffe Hall) and the old octagonal Sayre Library. This collection of correspondence is largely a "patchwork" collection and by no means covers all the vital issues tackled by the board since its inception. The correspondence, for example, from the 1820's to the 1850's is quite diverse, while the correspondence from the 1860's deals almost exclusively with efforts by the financial agent to collect on delinquent subscriptions. A central figure in much of the later correspondence is John Adison Cheek who served as treasurer of Centre from approximately 1889 to 1933. Series B consists of perhaps the most important chronicle of Centre's history - the volumes containing the minutes of the Centre College Board of Trustees, 1819-1853, 1863-present. Minutes from 1819 through 1979 have been digitized, and are available from the Centre College Digital Archives. Interesting circumstances surround volume 2 of the minutes. The volume had been missing for at least forty years when it was discovered by Dr. Miller Hillhouse in a shed between his Danville house on North Fourth Street and the home of Miss Mary Ashby Cheek on North Third Street. The minutes were believed to have been placed in the shed along with other old books and papers in the mid-1930's after the death of Miss Cheek's father, J. A. Cheek. The fate of the volume containing the minutes from 1853-1863 (one of the most interesting decades in Centre's history) remains a mystery. Series C contains miscellaneous reports written by the Board, or committees of the Board, while Series D contains miscellaneous papers concerning the Board, including certificates or pledges for members taking the oath of office and texts of speeches and essays by members of the board. Annual Reports to the Board may be located in CC-2 Centre College Presidents. Public access to Board minutes may be granted for those minutes for which the President is no longer living, or 25 years past the date of the minutes, whichever is longer. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1819-1979 Rights Information about rights held in and over the resource All Rights Reserved Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books Text A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Physical Location Where item is located in collections. Centre College Special Collections and Archives CC-1 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context CC_001B_Board_of_Trustees_Minutes_Book_04 Title A name given to the resource Centre College Board of Trustees Minutes, Vol. 4 (1876-1901) Creator An entity primarily responsible for making the resource Centre College Board of Trustees Date A point or period of time associated with an event in the lifecycle of the resource 1876-1901 Description An account of the resource The official recorded minutes of the Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Danville (Ky.) 37.64569, -84.7836946 Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource minute books Language A language of the resource English Rights Information about rights held in and over the resource All Rights Reserved Subject The topic of the resource Centre College (Danville, Ky. : 1819-1901)--Board of Trustees Centre College (Danville, Ky. : 1819-1901)--Minutes (Records) https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/71f91a3d30e882276845caf038af118b.pdf?Expires=1776902400&Signature=cwGR4pfUSU0zPOSu%7EeayvWYBgGAtsnZCwx-pDOtP--tKn51Io2rLeN1kGWdaMQYrhc5my656BQPRb3t6Xm4vQheyhYW2Agm6QOxMcxLV5zHMpaW%7EzGolXqE86P659oPN5Fq5zTEKwAEwAVsTvQLqNB9Z7mAN-3pLoWXlbq3I56yqHslBBAuYcGW68O5%7EihXiER8l7pmZcUm%7ER-P0Q4lLOebC7L7tsuE8sT0hzxatrGZjG1HHwSxeB9s0cTrPw9vFzbX3vfgPtxYjwszQf3bkOyDTh%7E4JdUIIMH-F6lB6YEQrDECyoybIoilA1IcOo6AQBLxRlsg4O7pVvcEq4qhpFg__&Key-Pair-Id=K6UGZS9ZTDSZM 343c8ffed257c11f491b6f7222ecf86d PDF Text Text Centre College BOARD OF TRUSTEES MINUTES VOLUME 3 1863-1876 Centre College Archives CC-1 Centre College Records �Danville June 23, 1863 Board of Trustees of Centre College met pursuant to adjournment, and was opened with prayer. Members present: Rev. Edward P. Humphrey, Chairman, Revds. John L. McKee, Robert A. Johnstone, Aaron A. Hogue, Ezekiel Forman, Robert F. Caldwell, Messrs. Glass Marshall, William Ernst, Jeremiah T. Boyle, Levi L. Warren, Tyler T. Alexander, Charles Caldwell, George F. Lee. The following members, not having taken the oath of office since their election, were duly qualified before taking their seats as members; viz. John L. McKee, Glass Marshall, Tyler T. Alexander, Levi L. Warren, George F. Lee, and Ezekiel Forman. The report of the Financial Agent was read and committed to Messrs. Ernst and Warren for examination, with directions to report to the Board. Messrs. Boyle and Alexander were appointed a committee to who was referred the business connected with the Markey estate. To the same committee was referred the business relating to the Overton estate. Messrs. Johnstone and Forman were appointed a committee to examine and compare the bonds, certificates of stock, evidences of claims, etc., belonging to the College with the report of the Financial Agent. The Board then adjourned to meet at half past eight o'clock tomorrow morning, at the residence of Mr. Jacobs. Wednesday June 24, 1863 Board reassembled, and was opened with prayer by Rev. Robert F. Caldwell. The minutes of the last meeting were read and approved. The resolutions of the Synod of Kentucky relating to Centre College, adopted at their late meeting in Paris, were also read. Also a report from the Faculty and a letter from Prof. Matthews asking a renewal of his leave of absence on the same conditions as heretofore. The following is the report of the faculty. In a report which the Faculty laid before the Board of Trustees at their meeting in April last, they presented everything relating to the internal condition of the College during the academic year about closing which they deemed of interest. Since that period nothing of importance has transpired, except the sudden death of Dr. Green, which occurred after a brief illness on the 26th day of May. By this sad event the College has now again, after so brief a period, been a second time deprived of its Presiding Officer. While it is not becoming in the Faculty to make any suggestion to the Board in regard to supplying the vacancy thus created, yet it may not be improper to call attention to the fact that two members of the Faculty are absent on leave of the Board and that it may become necessary, in making arrangements for the next year, to consider the propriety of recalling at least one of them. The Faculty beg leave to recommend the following young gentlemen for the degree of Bachelor of Arts, viz Thomas Bell, Thomas Hamm Cleland, John Levi Cleveland, William Cutter Condit, John Duncan Goodloe, Andrew January Grundy, and William Henry Weedin �In addition to the liberal benefaction of Mr. David A. Sayre in erecting a library building, he has now added a small box of books containing volumes for the library itself. For any additional information we respectfully refer to our report spread, as we learn, upon the minutes of the Board. After the reading of the resolutions of the Synod, Messrs. Boyle and Alexander were appointed a committee to examine, in accordance with these resolutions, and report to the Board whether there are any legal difficulties in the way of taking from the income of the Building Fund and restoring to the ordinary income fund of the College the amount of this latter fund, which was consumed in the support of Mr. Strahan while engaged in raising the Building Fund. By a resolution of the Board, no permanent appointment of a Professor can be made except by a vote of two thirds of the Board. At the time of the appointment of the Rev. William J. McKnight, the requisite number of members was not present to make a permanent election, and his election was only temporary. The requisite number being now present, it was moved to go into the election, whereupon he having received the unanimous vote of the members present - thirteen in all - the Rev. William J. McKnight was declared duly elected to the Chair to which he had been temporarily appointed. The Building Committee were directed to take steps, by petition or otherwise as might seem most expedient to them, to protect if possible the College grounds from injury, which it was reported to the Board might occur by their occupation and use for the purposes of a railroad tract through them. The question of fixing a permanent relation between the salaries of the President of the College and the professors was raised in the Board, and after some discussion the Board determined not to bind themselves by the establishment of any fixed rates, but to reserve the liberty of acting according to their judgment in every case as it might arise. Mr. Boyle, from the committee on the Markey estate, presented a report, which was received, adopted and is as follows. Resolved, That the Financial Committee be directed to call on Robert P. Kenney for a settlement of the estate of Nancy Markey and to demand the money devised to the College; and on his refusal to settle and pay, the Financial Agent is authorized and directed to institute suit for the final settlement of the Markey estate, and for the payment of the money to the Trustees of the College, or to require Robert P. Kenney to give security as Trustee for the money - and the payment of the interest - held in trust under the will of Nancy Markey. The Financial Agent is authorized to employ an attorney to aid him in the settlement, and to bring suit if necessary. The Financial Committee is further ordered and directed to ascertain if there is anything due the Trustees from, or on account of, the devises to the slaves mentioned in said will, either by the death of either of them or their refusal to go to Liberia. Dr. Humphrey and Mr. Johnstone were appointed to prepare a suitable minute in relation to the death of Dr. Green. The Board then held a conference in relation to the election of a President of the College. �Recess until two o'clock this afternoon. 2 o'clock p.m. Board reassembled The Committee appointed to prepare a minute in relation to the death of Dr. Green presented a report, which was received, adopted and is as follows, It becomes the painful duty of the Board to record the death of the late President of the College the Rev. Lewis Green, D. D. He died in Danville after a severe illness of five days on the 26th May last. Dr. Green was one of the two students who formed the first class that graduated in the College. He became a few years afterwards professor, and subsequently Vice President of the Institution. He left the College in the year 1840, and on the first of January 1858 returned to enter upon the Presidency. His life was therefore identified in large measure with the past history of the College, having first received his education within its walls, and then devoted the vigor of his early manhood, and finally the last years of his mature learning and wisdom to its service. The Board returns thanks to Almighty God for all the important services that He has enabled Dr. Green to render to the cause of good learning and true religion, here and elsewhere, while it bows with profound resignation to his Holy will in the bereavement now laid upon the College. The Financial Committee is directed to pay to Mrs. Green the regular salary of the President as fixed at the last meeting of the Board up to the 1st of October next, and she is invited to occupy the President's House until the first of January next. The undersigned the committee to whom was referred the question, "Whether there are any legal difficulties in the way of taking from the income of the Building Fund and restoring to the ordinary income fund of the College, the amount consumed in the support and pay of the Rev. M. Strahan, while engaged in raising the Building Fund", submit the following: The Trustees of the College have control of both funds, and inasmuch as the amount paid to Mr. Strahan was by order of the Board, we do not see any legal difficulty in this appropriation, but in order to obviate any trouble, and for the purpose of keeping the two funds entirely distinct hereafter, your committee recommend the adoption of the following resolution, viz. That out of the profits and interest of the Building Fund, the Financial Agent be directed to pay over to the ordinary income fund of the College the amount consumed and paid to Rev. Mr. Strahan, and that hereafter the two funds be kept separately and paid out by appropriations respectively for the expenditures of each fund. Jeremiah T. Boyle, Tyler T. Alexander The resolution was adopted. The Committee appointed to examine the stocks, bonds, etc., presented a report which was received, adopted and is as follows: The Committee appointed to examine and compare the bonds, stocks, notes and evidences of claims of Centre College with the report of the Financial Agent, report that they have made this examination and comparison and find perfect agreement between the bonds, stocks, notes and evidences of claims contained in the tin box now �kept in the safe in the office of the Financial Agent, and the statement in the report of the Financial Agent in paper B. The report was signed by Robert A. Johnstone, Ezekiel Forman and the Board directed the Financial Committee to cut off the coupons falling due within a year and then to place in the care of Mr. Ernst the box containing the bonds, certificates of stock, etc., belonging to the College to be kept by him in the vault of his bank in Covington. The committee to whom was referred the report of the Financial Agent brought in a report which was received, adopted and is as follows, viz. The Committee to whom was referred the report of the Financial Agent have carefully examined the report and accompanying papers and submit the following as their report thereon: It appears from the papers that the total amount of the College fund is $104,944.40, made up as follows: Stocks 7 bonds considered good and yielding from 5 to 7 percent annually $58,700.00 Claims against individuals considered good, and upon which, from $1,000 to $1,200 of interest is collected annually $14,778.16 Turnpike stocks, paying from 1 to 2 per cent interest annually $8,650.00 Mrs. Markey's estate upon which interest has not been paid regularly $2,697.97 Tennessee and Missouri state bonds upon which interest has not been paid since January 1861 $17,000.00 Stocks considered worthless $1,150.00 Due from individuals, considered worthless $1,922.27 making $104,944.40 There is a discrepancy between this amount and the amount standing at the credit of stock account on ledger - the ledger balance being only $102,680.41. The Committee recommends that the Financial Agent be directed to make the proper entries on the books so that the stock account shall exhibit the actual amount belonging to it. The Committee counted the cash reported to be on hand and found it to be correct, viz. $997.55 College funds and $194.45 belonging to the Building Fund. The Committee did not verify the statements set forth in the report of the Financial Agent by a comparison of them with the books, not having time to do so, but assumed them to be correctly transcribed. The fund appears to have been well managed and is in a very good condition, considering the convulsed condition of our country and the great financial changes which have resulted from that condition. Your Committee notice that nearly one half of the production fund consists of bank stocks, and would recommend that $8,000 or $10,000 of bank stock be converted into some other description of securities as soon as the Financial Committee can find a safe mode of investment. They would also recommend that the $9,446.59 now on deposit with the Bank of America, New York, belonging to the Building Fund, be invested in bonds of the state of Kentucky or in 5-20 bonds of the U. T., expressing a preference for the latter named securities. �The Committee have learned from the Financial Agent that, in addition to the scholarships alluded to in his report as having been cancelled during the year by purchase, certain parties, viz. Jacob Vanmeter, Francis Snowdon, E. N. Offutt and wife, Alex Offutt and Miss Nancy A. Huston, have either relinquished or made provision to relinquish their scholarships as will more fully appear from the communication of Mr. Allen accompanying this report, and recommend that the Board pass a vote of thanks to the parties respectively. William Ernst, Levi L. Warren The following is the communication of Mr. Allen alluded to in the above report. Names of persons relinquishing scholarships. 1. 2. 3. 4. 5. Jacob Vanmeter in his will donated his scholarship in Centre College to the Trustees, to take effect at the death of his wife. She has within the past year relinquished her right in it to the Board, with a reservation of the use of it in favor of two of her relations. Francis Snowden has relinquished his scholarship to the Board without any reservation. E. N. Offutt and E. A. Offutt, his wife, have informed me that in their will they leave their scholarships to the College. Alexander Offutt has relinquished his half scholarship. Miss Nancy A. Huston, now Mrs. Hall, her quarter scholarship. Heman H. Allen, Agent The Secretary was directed to forward, as usual, the minutes of the Board and accompanying papers to the Synod. The Treasurer of the College was directed to pay, on the order of the Secretary, salaries at the same rate as during the past year, viz. to the President, should one be appointed, $1,400 and to each Professor $1,000, and $400 to the Financial Agent, in quarterly payments. The Financial Committee was authorized to arrange his salary with the Janitor. The degree of Bachelor of Arts was conferred on the seven young men recommended by the Faculty (see their names in the Faculty report) and the honorary degree of Master of Arts on A. E. Sloan, Principal of the Caldwell Institute in Danville. The degree of L.L.D. was conferred on Prof. E. A. Grant, Principal of the Male High School in Louisville. The following order was adopted by the Board in relation to the sum of $80 with interest recently collected from Mr. Sneed, viz. the Board being satisfied from the evidence presented by Prof. Jacob, in an oral statement, and in the letter of General J. T. Boyle to Mr. Sneed, that the balance of the judgment in favor of the Trustees of Centre College against Alex Sneed and paid by Mr. Sneed to Dr. John C. Young and by him paid to David A. Russell, then Treasurer of the College. It is ordered that the Financial Agent refund the amount received by him from Mr. Sneed in payment of the balance of said judgment and that the estate of Dr. Young be released from all liability in this case. An application of A. M. January, Esq., of Maysville for the return of two shares of stock in the Danville and Nicholasville Turnpike road was referred to the Financial Committee, with instructions and authority to settle according to their judgment in the case and report to the Board. �The following committees were appointed, viz. Financial Committee - George F. Lee, J. A. Jacobs, Joshua F. Bell, and Ormond Beatty On repairs - Ormond Beatty, Charles Caldwell and Financial Agent Building Committee - Ormond Beatty, Edward P. Humphrey, William J. McKnight, J. A. Jacobs and George W. Welsh. The Faculty is authorized, in opening a new matriculation book, to require on the part of every student who may join the College classes a simple pledge to obey the laws of the Institution. On motion the Board resumed conference as to filling the vacancy in the presidency of Centre College, and after full and free interchange of views the Board came to the following conclusion. The Board having taken into consideration the vacancy occasioned by the death of Dr. Green, and not being prepared so soon after that bereavement to enter into an election of President, adopted the following resolutions. 1. 2. 3. 4. 5. Prof. Ormond Beatty is hereby chosen and appointed Vice President of the College. He is to exercise all the powers of the President until a new President shall be appointed. His salary as Vice President shall be $300 per annum, in addition to his salary as Professor, so long as he shall discharge the duties of the Presidency. Prof. Cooper is requested to return to his duties as professor in the College at the beginning of the next session. The Faculty are requested to arrange among themselves for the instruction of the classes in the departments sustained by Dr. Green and also for the religious instruction of the students. When this Board adjourns, it will adjourn to meet in the Presbyterian Church at Frankfort on Thursday after the 2nd Wednesday of October at 7 p.m. Ordered that the President of the Board give public notice of this action at the close of Commencement exercises tomorrow forenoon and likewise advertise the same in the newspapers. Professor Matthews' request for leave of absence was granted. Committee in the case of the Overton Estate reported and on motion the committee was allowed further time. The Financial Agent was directed to inquire after the negroes of said estate - their number, ages, condition, etc., and report to the next meeting of this Board. It is ordered that the rent of the house in which Professor Patterson lives be remitted to him for one year, viz. to July 1, 1863, and that hereafter, and until further orders, the rent be fixed at $75 per annum. Resolved that Prof. Beatty, Mr. Jacobs and Mr. Allen be appointed a Committee to present to this Board a historical statement of the funds of the College, as to the sources from which derived, the manner and kind of investment, the cost of various stocks, and facts of such a nature as may be useful and interesting to the Board and to the friends of the College in future years. Board then adjourned. Closed with prayer. �Ormond Beatty, Secretary Frankfort October 15, 1863 At a meeting of the Board of Trustees of Centre College held in the city of Frankfort, pursuant to the order of adjournment, at 7 O'clock P.M. Thursday October 15th 1863. Present Rev. Edward P. Humphrey, Chairman, R. G. Brank, Robert A. Johnstone, Aaron A. Hogue, John L. McKee, Sidney S. McRoberts, Ezekiel Forman, Glass Marshall, Esq., Robert F. Caldwell, William Ernst, Esq., Tyler T. Alexander, Esq., George F. Lee, Esq., Levi L. Warren, Esq. Opened with prayer. Tyler T. Alexander was elected temporary Clerk. The Board then on motion took up the question of the election of President, and after a full and free interchange of views among the members, Dr. William L. Breckinridge having received the unanimous vote of the Trustees is declared duly elected President of Centre College, and Dr. Edward P. Humphrey is directed to inform said Breckinridge of his election. The Building Committee of Centre College submitted a report with plan of building specifications, etc., which report is in terms and figures following. The Committee first endeavored to obtain a suitable plan for a building by soliciting competing designs. In this they signally failed. Most of the architects to whom application was made declined to enter into any contest of this kind. The designs which were offered were altogether unsatisfactory. The Committee, in accordance with the suggestions of several architects, then determined to employ some competent man who might work under the direction of the Committee until a suitable design should be secured. Mr. Vogdes (of the firm of Vogdes and Hancliffe of Louisville) was finally employed, and under written instructions carefully prepared by the Committee, presented two designs, one of which (No. 2) your committee thinks is admirably adapted to our wants, and which we, herewith, submit to the judgment of the Board, and if it meet their approval recommend its final adoption. The design will itself sufficiently exhibit the general character of the building. It may be proper to add that the size of the rooms is in accordance with the written instructions of the Committee, prepared after much careful reflection upon the subject, and consultation with all the members of the Faculty of the College, including the late venerable President. With the design we also submit specifications, estimates, and letters of explanation by the architects. It will be seen that the total cost of the erection of this building will be according to these estimates: Work, materials, etc. $28,000 Compensation of Architects, about $1,500 Seating, warming, furnishings, etc. $2,000 Two cisterns - improving lot, etc. $500 Total $32,000 The Committee are of course compelled to take the estimates of the architect, as far as it was in their power, to compare the prices in the estimates with the known prices of labor and materials in Danville; at the time these estimates were made, nothing was developed to induce the belief that the actual would exceed the estimated cost. Since that time the price both of labor and materials have, no doubt, been enhanced, but we see no reason to suppose that this will be permanent. It rests with the Board to say, and the Committee now ask specific �instruction, whether they shall proceed at once with the work, or wait longer for more quiet and safer times and for a reduction in the cost of labor and materials. In connection with this subject the Committee desire to say that, in the erection of a new College edifice, they do not suppose that the present building will be rendered altogether useless. If it be thought advisable, it may be fitted up for the use of the students, and is sufficiently large to accommodate forty or fifty comfortably. Every year it has become more and more difficult to find suitable boarding houses for the students where they might be entertained at reasonable rates. The citizens of the town and vicinity do not open their houses for their reception so universally as they once did. And there is a tendency on the part of those who take boarders for the sake of gain, to put the price of boarding so high as to prove a serious detriment to the best interests of the College. The friends of the Institution in the town have for some years felt the necessity of doing something to counteract this tendency and to keep down the price of board. The only remedy, which has occurred to us, is to furnish rooms for at least a portion of our students where, if they were lodged, it is believed that day boarding could be procured by them at much more moderate rates than are now charged, and that the whole effect of this would be to relieve the pressure and lower the rates of boarding everywhere through the town. The present College building contains ten rooms, besides the Chapel. Most of these rooms could be divided into two each, and the Chapel into four rooms, furnishing thus accommodation for forty-eight persons, two in a room or where undivided four in a room who might be comfortably lodged in this building. As it was not originally intended for this purpose, it could hardly be expected that the building would be as conveniently arranged as if it had been designed for this object, but we think that it might be put to this service if deemed advisable at comparatively moderate cost. The necessity for some provision of this kind, we think, is pressing, and as the new edifice, in connection with the Library Hall erected by the liberality of Mr. Sayre, will, as we suppose, afford ample accommodation for many years for all the classes, we have ventured to suggest one of the possible uses to which the old building might be appropriated. Ormond Beatty, Chairman Adjourned to meet at 7 p.m. tomorrow. Friday 7 p.m. October 16, 1863 The Board met pursuant to agreement. Present Rev. Edward P. Humphrey, Chairman, Rev. Robert A. Johnstone, Ezekiel Forman, Aaron A. Hogue, Robert F. Caldwell, Robert G. Brank, Messrs. George F. Lee, Levi L. Warren, Glass Marshall, Tyler T. Alexander. The unfinished business was taken up, to wit, a resolution offered in regard to the order of the Board passed 26th June 1860, limiting the cost of the new College edifice to $27,500, said resolution after considerable discussion was adopted and is as follows: Resolved that the order of the Board passed June 26th 1860, limiting the cost of the new College edifice to the sum of $27,500, be, and is hereby rescinded, and that the building committee be authorized and directed to proceed with the building according to the plan of Stancliff and Vogdes, submitted by the Building Committee at the present meeting, which plan is hereby adopted by the Board, and that the Financial Agent be instructed to proceed to the collection of the unpaid subscriptions. Also the following: �Resolved that the Building Committee be requested to make a detailed report of the progress of the building at each meeting of this Board. Rev. William L. Breckinridge, D.D. and Rev. Ezekiel Forman were added to the Building Committee. The following paper was presented to the Board, adopted, and is as follows: 1. 2. 3. 4. 5. 6. The salary of the President, as fixed by the Board at its last meeting, will be at the rate of $1,400 per annum for the present year. The Board will from time to time fix the salaries of the President and professors, adjusting them to the income of the College, it being an established principle with the Board not to encroach on the permanent funds of the College for the payment of its current expenses. The use of the President’s house free of rent is also given to the President, the Board reserving the College campus. The President shall also receive the usual graduating fees. It is the desire of the Board that the religious instruction of the students shall form a very special and important part of the Presidents labors. The professors are also expected to assist him in this great work. The Faculty, in connection with Messrs. Johnstone and Forman, are requested to submit to the June meeting of this Board a special report on the subject of the religious instruction of the students, and propose some plan of instruction in this department for the consideration of the Board. The members of the Board residing in Danville, together with the President elect, are appointed to make arrangements for his inauguration at such time as they may designate. The Chairman and Secretary of this Board are appointed to inform Dr. Breckinridge of his election, and to furnish him and the Faculty with a copy of this minute. The following resolution was adopted. The Financial Committee are instructed to enclose the campus; they will also forbid the use of it as a pasture, and report to this Board a plan for the arrangement and planting of the grounds. The Financial Committee is instructed to use all diligence in purchasing as many outstanding scholarships as practicable, to prepare the way for an action of the Board at the next meeting raising the price of tuition. The following paper was presented to the Board and adopted: That the Building Committee be requested to report to the next meeting of the Board as to the propriety of erecting a new building, or buildings, for the use of the Preparatory Department of the College, with a view to increase its efficiency and usefulness; also, to make any suggestions which may occur to them touching the more thorough organization of the school, looking to the same end. In regard to a change of investments the following paper was adopted: This Board would express to the committee their judgment that an investment in government 5-20 would be a good investment provided any change is made by that committee. A communication was received from Rev. Alex Cowan, Agent of Colonization Society, in relation to the slaves belonging to the estate of John W. Overton, whereupon the following resolution was adopted: When it shall be made to appear to the Board's Financial Committee that arrangements have been perfected, and the balance of the necessary funds secured to remove the Overton negroes to Liberia, the Financial Agent is �ordered and directed to pay over to the Society of the American Colonization Society the sum of $500 out of the funds of the College to be applied in removing said slaves to Liberia. Vote of thanks to A. M. January and David A. Sayre for donation of stock in Lancaster, Lexington, and Nicholasville Turnpike, and of books. The Secretary of the Board was directed to communicate this action of the Board to these gentlemen in appropriate terms. Adjourned to meet at the office of the Financial Agent in Danville on Tuesday before the last Thursday in June 1864 at 6 p.m. Tyler T. Alexander, Secretary pro tem Danville June 28, 1864 Board of Trustees of the Centre College met pursuant to adjournment. Present Rev. Edward P. Humphrey, Chairman, Rev. Ezekiel Forman, Rev. Aaron A. Hogue, Rev. Stephen Yerkes, Rev. Robert A. Johnstone, George F. Lee, Esq. Messrs. Hogue and Johnstone, not having qualified since their re-election, took the oath of office, and all the members present, the oath prescribed by the laws of Kentucky. The report of the Financial Agent was committed to Messrs. Johnstone and Yerkes. The Board then adjourned to meet in the lecture room of the Theological Seminary at 8 1/2 o'clock tomorrow morning. June 29, 1864, 8:30 a.m. Board reassembled. Rev'ds William C. Matthews, Sidney L. McRoberts and Robert F. Caldwell appeared and took their seats as members of the Board. The ordinary oath of office was administered to the Rev. William C. Matthews who had not before qualified. The minutes of the Board adopted at their meeting in June last were read, and also the minutes at the meeting in Frankfort in October last were read and approved. A letter from Tyler T. Alexander was read, giving the reasons of his non-attendance. Also letters from Profs. Robert Patterson and William J. McKnight tendering their resignations of their respective Chairs. Also a letter from Prof. Matthews, asking a further extension of his leave of absence. A report of the Building Committee was read and received, but its consideration postponed for the present. The report of the Financial Agent was read, and ordered to be spread on the minutes and is as follows: 1. Owing to the late disturbances in this section of the state, and the consequent interruption of mail communications, I am not able to present this report to the Board in as complete and as satisfactory a form, in some respects, as I desired and intended. A consequence which I regret most of all is that I have �2. 3. 4. 5. 6. 7. not been able to obtain bank statements to show that the balances in bank correspond with the cash balances named in my report. I regret to state that nothing has been received since the last meeting of the Board from the Markey Estate. A full statement in regard to that matter will be made at the pleasure of the Board. As a part of this report, I have presented such a statement of the Building Fund as I supposed would meet the requirements of the order made by the Board at its last meeting. It will be observed that about $3,500 of the interest upon this fund has been collected. It will also be remembered that something over $2,000, the amount of Mr. Strahan's salary, was made subject to the order of the Financial Committee to meet the current expenses of the College. No part of this has been used. The attention of the Board is called to the fact that there is now on hand some eight to ten thousand dollars of the funds of the institution which are subject to investment. The whole question of investments, therefore, appears to be one of very serious interest at this time. No attempt has been made to form an estimate of income and expenses for the ensuing year. After a somewhat careful examination of the whole matter, I could form no more satisfactory estimate for the year to come, than the income and expenses of the past year, as shown in the report, to which reference is therefore made. No statement has been made of the present cash value of the stocks owned by the College. The present market value of stocks of all kinds is so inflated and unsettled that it seemed to me no advantage would be derived from such a statement. About $63,000 of the funds are bearing regular 6 per cent dividends; about $6,000 to $7,000 yield an irregular income at the same rate per cent; about $8,000 to $9,000 yield a somewhat irregular income of 1 to 2 per cent; the remainder of the funds consists of cash, or non-interest paying bonds, or worthless stocks. The usual papers exhibiting the amount and description of the funds, the cash receipts and expenditures, and cash balance are herewith presented. All of which is respectfully submitted. Heman H. Allen, Financial Agent for Centre College [A detailed financial report for 1864 follows. A print version can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1864.pdf] The Committee to whom the above report and papers were committed made the following report, viz. That they have carefully examined the annual report of the Financial Agent to the Board of Trustees of the Centre College, dated June 28, 1864, and found it correct so far as we have had the means of testing the statements therein made. The report consists of four parts, to wit, Paper A., a written Report; Paper B., containing amount and description of Funds; Paper C., exhibiting cash accounts; and Paper D. showing the condition of the Building Fund. In Paper A it is stated that the Financial Agent "has not been able to obtain bank statements to show that the balances in bank correspond with the cash balances named in the report" ; that nothing has been received from the Markey Estate since the last meeting of the Board; that such a statement of the Building Fund has been made as meets the order of the Board at its last meeting; that there is now on hand subject to investment from $8,000 to $10,000; that no attempt has been made to form an estimate of income and expenses for the ensuing year - for reasons stated - nor to present the cash value of stocks owned by the College on account of their unsettled market value. The Committee have not been able to compare the statements contained in Paper B of the funds of Centre College with the stocks, bonds, etc., belonging to the College, the box containing which having been, by order of the Board at its last meeting, transferred to the custody of the Northern Bank of Kentucky at Covington. Also the �Committee has carefully examined the vouchers held by the Financial Agent for monies paid out by him and found them to correspond exactly with the statement in Paper C the cash account. Also, Paper D of the Building Fund has been examined and found to give a clear exhibit of said fund, and the whole report is, in the judgment of the Committee, an evidence of the faithfulness of our Financial Agent to the very weighty duties which his office imposes upon him. Respectfully, Your Committee Robert A. Johnstone, Stephen Yerkes Upon this report the following orders were made: 1. 2. 3. 4. 5. The Financial Committee is directed to compare the cash account of the Financial Agent with evidences of deposit in the different Banks and report to the Board at its next meeting. The Financial Agent, having made a verbal statement in regard to the Markey Estate, he is directed to go forward and prosecute the business to a conclusion, in accordance with the order of the Board at its meeting in June last. Messrs. Ernst and Warren are appointed a committee to report to the Board upon the subject of the investment of funds now on hand or likely soon to come in. In case of apprehended danger, Mr. Ernst or any other officer of the Northern Bank of Kentucky in Covington is authorized and directed to remove to a place of safety the box containing bonds, certificates of stock, and papers belonging to the Centre College, and deal with it in every respect, as with the papers and funds of the Bank itself. Messrs. Ernst, Beatty and Robert F. Caldwell are appointed a committee to compare the bonds, certificates of stock, etc., with the list of same in the report of the Financial Agent. The report of the Faculty, with two accompanying papers, viz. 1st On the religious instruction of the students; 2nd A paper relating to tuitions, lodging students, etc., was submitted and is as follows, viz. The Faculty of Centre College beg leave respectfully to submit to the Board of Trustees and through them to the Synod of Kentucky the following report for the academic year closing the 30th of June 1864. The Faculty - The death of Dr. Green, which occurred near the close of the last academic year, left us without a President at the opening of the present term. The vacancy having been happily filled by the election of Dr. William L. Breckinridge by the Board at their meeting in October, we were speedily relieved from the inconvenience and injury which the want of a President inflicted upon us. Dr. Breckinridge accepted the office of President on the 29th of October and immediately entered upon the duties thereof. Prof. Cooper, who was recalled to his chair in the College by the Board at its meeting in June last, returned and entered upon his duties on the 5th of October. We regret to add that Prof. Patterson has felt constrained by his circumstances to resign the Chair of Mathematics, which is now vacant. His colleagues who now remain regard this as a very serious loss to the College. The duties of his chair have been discharged in part by the other members of the Faculty, and in part by Rev. J. J. Cooke, who was invited by the Faculty to undertake this work. Mr. Cooke entered upon the work on the 1st day of March. The Faculty did not feel authorized to make any contract with Mr. Cooke, but left the whole matter to the Board to make such compensation as they might consider just. We believe, however, that the Board will be inclined to deal in a liberal and generous manner with him. �In the opening of the session, before a President was elected and before Prof. Cooper was able to return, we were in our weak condition constrained to secure the assistance of an additional instructor to fill Prof. Cooper's place. The Faculty, with the approval of the Financial Committee, secured the services of the Rev. H. H. Allen. The allowance made him appears in the financial report. Prof. Matthews is still absent on leave, and the circumstances of his case will be made known to the Board by a letter addressed by him to the Secretary of the Board, and which will be offered for your consideration. It must be left to the Board to determine all questions relating to his recall, as well as to filling the vacancy occasioned by the resignation of Prof. Patterson. From their mutual bearing we suppose these two subjects must be considered together. Students - It gives us pleasure to state as an evidence of returning prosperity a considerable increase of students. The total number last year was 57; this year 105 in the College proper. In the Preparatory, last year 48; this year 105. A subject of still higher gratification and more devout thankfulness is found in a most cheering season of religious interest enjoyed during the present year, and the hopeful conversion of 23 students in the College Proper: 7 in the Preparatory besides about 37 other persons of the town or connected with the Presbyterian School in this place. Total number of professors of religion in the College Proper 53. The quiet of the College was hardly disturbed in the earlier part of the session, and nothing either in their habits of study or the general deportment of the students calls for special remark. More recently the community, and of course the students, were thrown into a high state of excitement for a few days by a raid into our state which threatened at one time to visit our section. Such things cannot fail to be injurious to regular habits of study. The following students, having passed their final examination, are recommended for the degree of Bachelor of Arts, viz. James Foster Barbour, Obadiah Brumfield, Henry M. Buford, William M. Hersman, Edward W. C. Humphrey, Robert L. Irvine, William J. Lapsley, Samuel McKee, James G. Moore, Alfred B. Nelson, Joseph M. Scott, Edward H. Semple, Henry A. Skomp, Joseph McDowell Wallace. It is the desire of the Board that the religious instruction of the students shall form a very special and important part of the President's labors. The Professors are also expected to assist him in this great work. The Faculty, in connection with Messrs. Johnstone and Forman, are requested to submit to the June meeting of the Board a special report on the religious instruction of the students, and propose some plan of instruction in this department for the consideration of the Board. The President and professors, having maturely considered the subject to which this order of the Board of Trustees refers, respectfully submit this report. There is no difference of opinion among us as to the importance of this department of instruction above all others, understanding, as we do, by the religious instruction of the students, exertions to fix in their minds just and clear knowledge of divine things, and to bring them, by God's blessing, under the saving influences of His revealed word. This institution was founded by His servants with a view to the liberal education of the sons of His people, in which they embraced as a leading thought and a main desire their training on Christian principles, and the constant inculcation of divine truth - in the special hope that He would be pleased to use the work of their hands for the increase of laborers in the gospel ministry. The history of the College shows that He has had respect to the desires �and the exertions of His servants. The large number of ministers and other pious men who have received their education in chief part, and in like manner their religious impressions here, makes this very plain. While we thank the Lord for all His kindness in the past, we pursue our work as He will help us, in His fear, with the hope that the favor which He has shown to those who have gone before us herein, will not be withheld from us in our day, nor from those who shall come after us. The late manifestation of the presence and power of the Holy Spirit confirms us in this hope, and encourages us to do whatever He will enable us to do, for the promotion of the great ends of the Institution. We do not withhold from the Board a frank expression of our sense of the difficulties attending this work of religious instruction, even in a Christian College. The students, for the most part, come out of the families of God's people, but so many of them as have not been renewed by His grace, come to us with the old evil heart of unbelief, and this does not love to study, as it does not love to follow, the word of God. Then, there may be found some difficulty in adjusting the direct religious instruction of all the classes to their other studies, in such arrangements as will satisfy all concerned, touching the due proportions of each. It is not desirable to excite the discontent of parents, who do not highly value religious knowledge in their children, by seeming to engage their attention to it in too great proportion to other subjects of study. There are inconveniences too, in calling them together at other times than those recognized as College hours, so many of them lodging at distant places - even for miles around the town - while we do not think that much good is to be expected for the students from reluctant and compulsory attendance on religious instruction at hours and under circumstances inconvenient and distasteful to them. The opinions and testimony of those who have been engaged here for many years in the instruction of Bible classes on the Sabbath day add nothing to our confidence in this method for us - or to our hope of much advantage from it in the future, over the little, as we suppose, in the past time. Our main hope for good in this matter rests under God's blessing, 1. 2. 3. On the simple, clear, and faithful preaching of the gospel on which, we think, the students ought to be induced to wait by all such influences as can be wisely used, and by all the attractions which can be justly offered to them with the least that might be repulsive, reserving every authoritative requirement as a final necessity. They understand our rules, our wishes, and our expectations and we believe they rarely violate them, while we do not habitually institute inquiries on this subject in any formal manner. On apt, judicious, and frequent mingling with regular instruction in their usual studies, of the applications of divine truth to other branches of knowledge, and its appeals to the heart and the conscience. There are few, if there be any studies pursued here - we believe there are none - which do not afford occasions of doing this, if by grace we can use a true skill, a tender and earnest love of truth, and a deep concern for lost souls, in the improvement of these occasions. On the regular, systematic, and careful study of the word of God by all the classes as a College exercise. We believe that it would comport with the pious and wise designs of the founders of this institution, with the views of its best friends and supporters in this day, and with the solid advantage of the students, for the life that now is, and for that which is to come, to make the sacred scriptures a text book for every class throughout the entire course of instruction. Accordingly, we recommend to the Board of Trustees to order an arrangement which will give to each class a weekly recitation on the word of God in our own tongue - with such use of the original as may seem meet to the �instructor. And we judge that the most suitable time for this exercise will be the first hour on Monday morning, beginning the secular labors of the week with this sacred study. We think the aim ought to be to interest the students in the divine Word for its plain sense, in hope that the Holy Spirit will apply it to their minds with its saving power, as that which is able to make one wise unto salvation, through faith which is in Christ Jesus, while we would leave the more precise methods of instruction, in their details, to the judgment of the Teacher. In behalf of the Faculty, William L. Breckinridge This paper, after having received the approval of the Faculty of the College, was submitted to the two members of the Board of Trustees - joined with the Faculty this Committee - whose views on the subject had not been communicated to us when this report was put in the hands of the Secretary of the Board. By the 5th section of the 2nd Chapter of the laws adopted by the Board of Trustees, it is made the duty of the Faculty to propose to the Trustees any laws and measures by which in their judgment the system of instruction and discipline may be improved Although perhaps not in strict accordance with the letter of this law, yet the Faculty trust they are not violating its spirit, or in any manner transcending the bounds of propriety, in calling the attention of the Board to several matters not alluded to in their report, which they consider of more or less importance to the general welfare of the College. 1st. Tuitions - In the opinion of the Faculty the subject of tuitions needs a careful consideration at the hands of the Board. The present rate was established either at the foundation or during the earlier period of the existence of the College. At that time every article of prime necessity could be procured at less than one-half its present cost. Wood was then $1.00 per cord - it is now $5.00; flour $2.00 per 100 lbs., it is now $4.50; meal 25 cents per bushel, now $1.50; meats then 3 to 5 cents a pound, now 10 to 15 cents; coffee, sugar, etc., in the same proportion. The value of money has changed more than 100 per cent. If $33 was proper in 1830, it appears to us that not less than $60 would be proper now. At present all the primary schools in the state charge more than the College. The support of the Faculty, and the increase of the library and of apparatus to illustrate the physical sciences, require an enlarged income. The College is largely patronized by a class who are abundantly able to pay every necessary expense in the education of their sons. We see no sufficient reason why the children of the rich should be supported, in whole or part, by the College, and at the public charge. Without, however, developing the argument further we would simply but respectfully suggest the propriety of raising the price of tuition to $60 per annum, payable semi-annually in advance. There is one class, viz. ministers of the gospel, upon whom this charge might bear heavily. We see, however, no reason why an exception should not be made in their favor. Public sentiment and the usages of society, in other matters, would justify such a course. It is our opinion that the sons of all ministers, whether living or dead, ought to be educated without charge for tuition. The liberality of the churches has given its endowment to the College, and this favor to the children of their Pastors would doubtless tend to open the heart of many a generous Christian to still farther efforts and sacrifices in its behalf. There may be ministers who are able to pay for the education of their sons, but the number is so small, and the difficulties of making the discrimination so great, that in our opinion it will be best to make the rule universal. The support of the ministry is so inadequate, and is felt by all Christian people so to be, that we suppose all will concur �that this is but a small and inadequate return by the Public for the services of this self-sacrificing class. And no more proper time could be found for making this change than the present time, when the attention of the people is directed to the important subject of a more liberal support of the ministry. Raising the price of tuition may have a tendency, we fear, to exclude students of limited means from the advantages of this school. This we would lament. They are, as a general rule, our best students. But we think that much can be done by the judicious use of the scholarships under the direction of the Board. A number of these scholarships have been bought and we suppose the Board can use them at their discretion. We may add that, while the Board has not been in circumstances to bestow gratuitous instruction upon all, yet no young man, as far as our knowledge extends, has ever been absolutely excluded from our classes because he was unable to pay his tuition. Few, it is true, have ever accepted this gratuity, except those for whom special provision has been made, yet something has been done, and more may be done for a class so well deserving consideration. The object of the Faculty is, while providing for a more liberal support and equipment of the College, to impose increased rates of Tuition only on those who are in circumstances to bear all the expense of the education of their children. 2nd. Lodging for the students - It is the opinion of the Faculty that there is a pressing necessity to provide for lodging our students. We have observed with regret a growing indisposition on the part of our citizens to take boarders into their families. The difficulties we encountered the present year in securing lodging for our students were serious, and had our number equaled that of former years, would have been, as far as we can see, insurmountable. The only practical remedy that occurs to us is to provide lodgings for at least a portion of our students. Under the present disturbed condition of affairs, and at the existing high rates for labor and building materials, it may be impossible for the Board to take immediate steps for our relief, but we think its attention should be fixed upon the subject, that prompt action may be taken as soon as circumstances will permit. In connection with this subject, and in the line of some suggestions we have made in relation to tuitions, we cannot forbear to suggest the propriety of fixing the attention of the Christian people of our Synod upon the importance of erecting a Hall for the special benefit of the sons of our preachers. We believe the subject will commend itself to their favor, and if accomplished may contribute its mite to the aid of our ministers, now so inadequately provided for. 3rd. Division of labor among the members of the Faculty - Upon this subject we would make the following suggestions: a large amount of labor, outside of the mere instruction in the classroom, must devolve upon the Faculty. For the present this labor ought to be distributed as equally as possible among the members of the same. To effect this we recommend (A) The appointment of the Junior member of the Faculty (unless he be Professor of the Natural Sciences) to be Librarian. It shall be his duty to buy, receive, arrange, label, keep, let out, gather back into the library all books belonging to it, and do all other things properly belonging to the office of Librarian. (B) It shall in like manner be the duty of the Prof. of Natural Science to buy, receive, arrange, etc., all minerals and all apparatus belonging to his department and to discharge all duties relating to it. (C) It shall be the duty of the next junior professor (not the Prof. of Natural Science) to take charge of the College grounds, buildings, etc., to report to the Committee of Repairs all necessary improvements and repairs, to provide fuel, superintend the janitor, and to do everything necessary to secure the grounds and buildings from damage and to furnish everything necessary for conducting the ordinary exercises in College, but to make no permanent improvement without the order of the Board. (D) To the next junior professor (not the Prof. of Natural Science) shall be committed the Faculty records, roll-grade book, all advertising, printing circulars, catalogues, etc. (E) The President shall take charge of the �matriculation book, shall conduct all official correspondence, either with parents or students, etc. (F) If there be additional professors to whom no work has been assigned by this arrangement, the Faculty shall have authority to put upon them either a just portion of this work, or of any other necessary work, so as to equalize the labor of the different members of this body. All these individuals shall, however, work under the control of the entire Faculty. All books, apparatus, minerals, etc., shall be purchased under the direction of the Faculty. All matters of importance shall be decided by the joint body, and a full and complete record be kept. Each of these persons shall prepare an annual report which shall be submitted to the Faculty and this body shall report to the Board of Trustees at its regular annual meeting. Nothing here said is intended to apply to the small annual appropriation to the Chemical Department, for materials consumed in the ordinary experiments and repair of apparatus in this department. The professor in charge shall have absolute control of this expenditure, but shall report annually to the Board. Nor is it intended to forbid any exchange of work which may be agreeable to the Professors themselves. In conclusion, the Faculty would distinctly disavow any purpose or desire of infringing upon the rights of the Board or in any manner enlarging their own. The work, which is laid out for them in the above scheme, we believe the Board can find no one else willing to undertake. We would be glad to have associated with us, in any part of it, any person or persons whom the Board might appoint. Dr. Breckinridge desired to express his dissent from the second paragraph of section 2. The further consideration of this report was postponed for the present. A paper exhibiting a detailed statement of expenditures in his department, since his appointment to his present chair was made by Mr. Beatty. The paper was received and the Secretary directed to file it. The Board then took recess until 3 p.m. 3 p.m. Board reassembled. The report of the Faculty, having been read, was adopted and the Faculty directed to carry out the suggestions therein contained. Prof. Patterson's letter of resignation was considered; and the resignation itself, the Board felt called on, under the circumstances, to accept. It is ordered that Prof. McKnight be earnestly requested to withdraw his resignation, and to undertake for the ensuing year to teach one, two or more hours per day, with a compensation which shall be proportionate to the whole amount of work done by him. The Board defers for the present the election of a Professor of Mathematics. Mr. Alfred B. Nelson is appointed tutor in the College for one year, and the Faculty is directed, should he accept, to assign him his proper work. It is ordered that $266.66 be paid Rev. John J. Cooke for his services as Instructor from the 1st of March to the close of the term, the present year. �The following degrees were conferred, viz. The degree of A. B. upon fourteen young gentlemen of the graduating class recommended by the Faculty. Also the honorary degree of A.M. upon Austin M. Burbank, Lucien H. Ralston, William Chrisman, Rev. Joseph S. Braddock, Dr. William H. Hopper; and in course upon the Rev. John J. Cooke, of the Class of 1856. The degree of D.D. upon the Rev. L. M. Glover, Jacksonville, Illinois, and upon Rev. Charles W. Forman of Lahore, India (declined the degree). The degree of L.L.D. was conferred upon Thomas D. Baird, Esq., Principal of the Central High School, Baltimore. The Board having learned that the Rev. Charles W. Forman, who graduated in 1844 and received his degree of Master of Arts in course in 1847, had lost his diploma, directs the Chairman and Secretary of the Board to have another attested diploma for the degree of A.B., and a certificate of his having received the degree of a.m. and of D.D. forwarded to him. The Alumni Association having extended to the Board an invitation to dine with them on tomorrow, the Board returns its thanks for the kindness and accepts the invitation. Recess until tomorrow at 8 o'clock. Thursday June 30, 1864 The Board reassembled and was opened with prayer by Rev. Robert F. Caldwell. The minutes of the preceding day were read and approved. Mr. Ernst, from the committee on investments, made a verbal report, and after a free conversation on the subject, at the recommendation of the committee, the Board directs that for the present, and until some better mode of investment offers, the Building Committee deposit the Building Fund in account with the U. S. on temporary loan. It is ordered that the price of tuition be raised to $50 per annum, with a contingent fee of $5 additional, payable semi-annually in advance. For a less period than a year the same principles to be applicable for the present rates of tuition as heretofore. It is ordered that the sons of all Presbyterian ministers, whether living or dead, may be admitted to all the privileges of the College classes free of all charge for tuition. It is ordered that the salaries of the President and each Professor be raised $200 for the ensuing year, making the salary of the President $1,600 and of each professor $1,200. The sum of $100 per annum is attached to the office of Vice President. Fifty dollars was added to the salary of the Financial Agent making it $450 for the year ensuing. The salary of the tutor elect, Mr. Alfred B. Nelson, was fixed at $600 for the year. �As he had performed the entire duties of the year, it was ordered that Prof. McKnight be paid the full year's salary. The report of the Building Committee was read and is as follows: The Building Committee would beg leave to submit to the Board the following report. The Committee understood it to be the mind of the Board, as expressed in their action during their meeting at Frankfort in October last, that the work of erecting a new College edifice should be pressed forward, as far as circumstances would allow, to a speedy completion. They accordingly took immediate steps to see what could be done in the way of providing materials and making contracts for this work. We regret, however, to say that the obstacles which presented themselves appeared to us so great that, after repeated deliberations and with great reluctance, the Committee felt constrained to abandon all purpose of doing anything the present season. The difficulties all arose, directly or indirectly, out of the troubles of the country, and it may not be improper to recite briefly some of them. 1. 2. 3. First. There was no seasoned lumber short of Louisville or Cincinnati, and with difficulty, and at enormously high prices, could it be had at those points. Lumber which could have been bought in the neighborhood two years since at from $15 to $20 per thousand feet, would now cost at Louisville or Cincinnati $50 or $60. The Committee attempted to contract for lumber here to be sawn and seasoned. But while the lumber men were willing to deliver it at their mills as soon as it was sawn at rates which were not considered unreasonable, yet they were altogether unwilling to take the risk of seasoning it. In some cases they refused positively to take the risk for any premium. Others agreed to take a partial risk but at rates which doubled the cost of lumber. There was then no alternative left the Committee but to take all these risks or abandon for the present the work. Second. Another difficulty arose from the scarcity of labor in the country. No man would undertake more than belonged immediately to his vocation. The miller would agree to saw the lumber. He would not undertake to haul it. This would multiply contractors, create delay, and increase cost. The small experience of the Committee of repairs taught them how great these difficulties were. Third. The next difficulty arose from the constantly varying prices of everything. No man would enter into a contract running into the future. He would only work for the present day and for the present prices. No dependence could be placed upon any ordinary engagement. Everything was unsettled and uncertain. Under all these difficulties the Committee could do nothing but undertake the work piecemeal or abandon it altogether. It was felt that the first alternative would involve greatly increased cost, delay, bad workmanship and prove unsatisfactory in every respect. They therefore felt shut up to the latter. It is only necessary to add that, much as they desire to have the work under way, they do not see that these difficulties are in any way removed or lessened. The Board must, however, in its wisdom say what they desire to be done. Ormond Beatty, Chairman The report was received, the action of the Committee approved, and the Committee continued with former instructions. �The letter of Prof. Matthews asking for the extension of his leave of absence being under consideration, it was resolved that the condition of the College renders it necessary for Prof. Matthews to be present at the opening of the next session, and his recall at that time is hereby ordered. Resolved, that when the Board adjourns it adjourn to meet at 12 o'clock on Friday the 14th of October next, at which time it is arranged that the inauguration of the President shall take place. The Committee on the erection of a building for the Preparatory having failed to report was continued and directed to report at the next regular meeting of the Board. Committees On Repairs - Messrs. H. H. Allen, George F. Lee and Ezekiel Forman On Finances - George F. Lee, Edward P. Humphrey, 0rmond Beatty, J. A. Jacobs, William Ernst and Levi L. Warren On History of Funds - Ormond Beatty, J. A. Jacobs, Heman H. Allen On new College edifice - Ormond Beatty, Edward P. Humphrey, J. A. Jacobs, William J. McKnight, George W. Welsh, William L. Breckinridge, Ezekiel Forman Ordered that the action of the Board at its meeting 23rd of April 1856, granting two scholarships to David A. Sayre, be so far modified as to allow him and his legal representatives to nominate to these scholarships any poor and worthy young men that he or they may select, and the Secretary is ordered to issue certificates to Mr. Sayre in conformity with this action. The subject of note or notes executed by Mrs. Berryman, in favor of the Trustees of Centre College, was brought to the notice of the Board, and upon the representations made it was ordered that the business be committed to the Financial Committee with instructions not to press the collection of the debt, but not to allow the claim to fail through limitation of time. The Financial Agent reported that there was a small unpaid balance of $ [amount not provided] due on a note or claim which the College held against James H. Irvine. It was also made known to the Board that Mr. Irvine had become insolvent, and that he had given up his entire property for the benefit of his creditors, and that they were all willing to unite in releasing him from further obligations, and the Board was requested to join in such release of the small claim which they held against him. The request was granted and the release ordered. It having been stated in the presence of the Board that since the removal of the books in the College library to the Sayre Hall, the shelves in the old building were now vacant, it was ordered that the President of the College be authorized to remove one of the cases to the house now occupied by himself. It is ordered that the Faculty, should the necessity arise, be authorized to employ such additional assistance, in the way of instruction, as the absence or resignation of any of the Instructors may render necessary. The Financial Agent is directed, hereafter, to omit from his report all account of stocks, claims, etc., considered wholly worthless. The minutes were read and approved, and the Board adjourned to meet at the designated time. Closed with prayer by the Rev. William C. Matthews. �Ormond Beatty, Secretary Danville October 13, 1864 Board of Trustees assembled at the call of the Chairman and was opened with prayer. Present Dr. Edward P. Humphrey, Chairman, Rev. John L. McKee, Rev. William C. Matthews, Stephen Yerkes, Aaron A. Hogue, Robert F. Caldwell, Robert A. Johnstone, William Ernst, Hon. Tyler T. Alexander, George F. Lee, Levi L. Warren. Friday evening was appointed for the inauguration of the President elect. The order of exercises to be as follows, viz. 1st. Introductory remarks by the Chairman of the Board; 2nd. Administration of the oath of office; 3d. Inaugural address by the President. Recess until tomorrow at 12 o'clock. October 14, 1864. Board reassembled. A letter from Rev. William J. McKnight renewing the resignation of his professorship, which he had tendered to the Board at their meeting in June last, and which the Board had requested him to withdraw, was read, and upon motion it was ordered that the resignation be accepted. Propositions were made to the Board by Mr. Mark Hardin in relation to the scholarship owned by him and accepted by the Board. The following article of agreement signed under the order of the Board by Dr. Humphrey, Chairman of the Board, and by Mr. Hardin, explains the whole subject and contains the action of the Board in relation to it. Articles of agreement and covenant made and entered into this 14th day of October 1864 by and between the Board of Trustees of Centre College of the first part and Mark Hardin of the second part witnesseth - Whereas on the 28th June 1848 the said Hardin obliged himself to pay to the Board of Trustees aforesaid or to their Financial Agent the sum of $500 on a scholarship in said College and whereas the interest on said scholarship was paid up to the 25th June 1849, and on the 12th March 1852 the said Hardin paid on his said subscription the sum of $50, and on the 17th April 1855 he paid the further sum of $215.00 as per endorsements on the note or obligation given by said Hardin. Now therefore the following covenant and agreement is made and entered into between the parties aforesaid, viz. 1. 2. 3. 4. The said Hardin will now pay off the balance due on his note at this date. The Trustees shall take the amount of the previous payments on said note ($265), compute the interest thereon to date, add it to the $265 principal, add this amount to the amount which said Hardin now pays as the balance due on his note, and invest the whole sum which amounts to $800 in bank stock, or what is equivalent set apart an equal amount of their bank stock already invested, to this fund; if this last is done it shall be of the first investment of bank stock made since the payment of the $265.00. This fund to be denominated the George Gillispie Hardin Scholarship. The benefit of it to be bestowed as follows, viz. any one of the lineal descendants of said Hardin who may be in Centre College to have his tuition free; in case there should be more than one of his descendants in the College at the same time then the benefit of it to go to the oldest then by the law of primogeniture. Whenever there is no one of his lineal descendants in the College, then the benefit of said scholarship is to be bestowed by the President of the College on any worthy student needing aid. �5. Should this particular fund thus set apart ever be lost or become worthless to the College, then the Scholarship hereby created is to cease. In testimony of all which the Board of Trustees by Edward P. Humphrey their Chairman and the said Mark Hardin have hereunto set their hands and affixed their seals this the day and year first before herein written. Edward P. Humphrey, Mark Hardin Board adjourned to meet at the office of the Financial Agent in Danville at 6 o'clock p.m. on Tuesday before Commencement in June 1865. Closed with prayer. Ormond Beatty, Secretary June 27, 1865 Board of Trustees of Centre College met pursuant to adjournment, and was opened with prayer by the Chairman. Members present Rev. Edward P. Humphrey, Chairman, George F. Lee, Esq., Rev. Robert A. Johnstone, Rev. John L. McKee, Sidney S. McRoberts, Stephen Yerkes, Robert F. Caldwell, Glass Marshall, Esq., Thomas Barbee. Messrs. Caldwell, Humphrey, Marshall and Barbee were duly qualified on taking their seats. The minutes of the regular annual meeting held in June last were read, and the minutes of the meeting in October last were read and approved. On motion, the report of the Financial Agent was committed to Messrs. McRoberts and Marshall. Board then adjourned to meet in the lecture room of Theological Seminary at 8 1/2 o'clock a.m. tomorrow. Wednesday 8:30 a.m. Board reassembled. Mr. William Ernst and Rev. Aaron A. Hogue appeared and took their seats as members of the Board. Ordered that a committee be appointed to effect an arrangement by which the commencement exercises in the Caldwell Institute and the College shall occur in successive weeks. Messrs. Yerkes and Barbee were appointed on this committee. The committee appointed at the meeting of the Board in June last to compare the statements of deposit in the banks with the report of the Financial Agent reported that they had attended to this duty, and found the statements to correspond accurately with the bank accounts. The report was received and adopted. The committee appointed at the same time to examine the bonds, certificates of stock, etc., in the College box now in special deposit with the Northern Bank of Kentucky at Covington reported that they had performed their duty and found these certificates, etc., to correspond with the report of the Financial Agent. The report of the Financial Agent for the present year was read, and the Committee to whom this paper had been referred reported in part. The subject was recommitted for a full and complete report. The report of the Faculty was then read and is as follows: �The Faculty of the College, in presenting its annual report to the Board of Trustees, has no very material change in the general state of the institution for the last year to make known. The whole number of students has not been so large - the average actual attendance nearly the same. There have been 87 in all during the session - about 70 usually present. While there has been some disorder among the students, the prompt and firm use of discipline has suppressed it, and we suppose there has been no more than was reasonably to be expected in such times as have been passing over us. The general habits of study have not been altogether such as we could desire, but we judge not more discouraging than the condition of the public mind, in which the youth of the country share with older persons, seems to have made inevitable. We indulge the hope that the next session will show all things returning to their old channels, here, as elsewhere. We have great pleasure in saying that not less than one third of the whole number are reputable professors of religion in three denominations beside our own. We recommend the following named thirteen young gentlemen for the degree of Bachelor of Arts, the prescribed course of study having been completed by them: Henry Anthony Bell Alexander Greer Drury Harvey Glass William Martha Huston Clement Jeremiah Moody Alfred Burton Robertson Victor Moreau Brown Joseph Hamilton Forsythe Ben Helm James Joseph Lucas Leigh Walker Robertson Eugene Clinton Warren George Winston Welch We have further to report that Professor Matthews, who had been nearly three years absent by leave of the Board, returned to his work at the beginning of the session. Also that Mr. Alfred B. Nelson, whom the Board at its last annual meeting appointed tutor in the College for one year, accepted the place, and has discharged its duties during the entire session acceptably to Faculty, and as far as we know, to the students also. The degree of Bachelor of Arts was conferred on the recommendation of the Faculty upon the thirteen young gentlemen whose names are given above in Faculty Report. The degree of A.M. in course on Robert Miller of the graduating class of 1860 and James H. Lapsley of 1861. The honorary degree of A.M. on Honorable L. H. Noble of Lebanon. The degree of D.D. on the Rev. H. H. Hopkins of Owensboro, and Rev. James Hawthorne of Princeton, Kentucky. Mr. Alfred B. Nelson was reappointed tutor for one year, viz. from September 1865 to September 1866 with a salary of $800. Ordered that a committee be appointed to inquire into the expediency of filling at this time the Chair of Belles Lettres, now vacant. Messrs. Ernst, Caldwell and Yerkes shall constitute this committee. �Messrs. Johnstone and Lee were appointed a Committee to draft a minute in relation to ministers' sons. The following minute was offered and adopted: Resolved that the order of the Board of June 30, 1864, touching the instruction without charge of the sons of Presbyterian ministers, be so far modified as to authorize the Faculty to allow this exemption to the sons of any minister of the gospel, living or dead, subject to the revision of the Board. Ordered that the tuition of Mr. Moody be returned to him. The report of the Faculty was then approved. The report of the Building Committee was read and approved; with a renewal of the former orders of the Board to the Committee to proceed in this matter with the utmost dispatch. The report is as follows: The Building Committee would beg leave to submit to the Board the following report: Nothing additional has been done by the Committee during the year. Repeated efforts were made to secure the lumber, especially the heavy timbers, for the new College Edifice upon favorable terms, but without success. The Committee have felt themselves embarrassed by the same difficulties which surrounded them last year, and which were stated in their report to the Board, to which we respectfully refer you. Indeed, the cost of lumber which was a main point of difficulty has been rather enhanced than diminished. The Committee tried, but failed to secure any satisfactory arrangement by which they could get the necessary lumber from the lands owned by the College. Things are now looking more favorable, but the Committee would take no action immediately preceding the meeting of the Board. The question of a building for the Grammar School, which was referred to the Building Committee, is so closely connected with that of a new College Edifice that it cannot be separated from it. Until it shall be determined to what use the present building shall be put, it seems impossible to determine the question of a new Preparatory Building. Such a building is no doubt needed; and if the present College building be fitted up as a dormitory for the students, a new house will be required. If on the other hand the old building be vacated and no other use be found for it, it will answer very well for a Grammar School. Ormond Beatty, Chairman An application of Mrs. Green to be released from the payment of a subscription of Dr. Green to the College was laid before the Board, and referred to the Financial Committee. The Board was informed that a large and handsome map of the Roman Empire was donated by Mr. Allen to the College. The Board directed the map to be accepted and the thanks of the Board to be returned to Mr. Allen. It was ordered that the sum of $75 be paid Mr. Allen for his labor in preparing the annual report. The thanks of the Board were returned to Mrs. Young for the donation of her scholarship to the College, upon the terms specified by herself in her written communication to the Board. A letter was received from the Rev. C. W. Forman of Lahore declining the degree of D. D. conferred on him by the Board at its last annual meeting. �Levi L. Warren appeared and took his seat as a member of the Board. The Board went into an election of a Financial Agent, whereupon Rev. Robert A. Johnstone was elected. It was understood that the Board of the Theological Seminary would concur in this election, and that the same person would act as the common agent of the two institutions. But as the amount of labor for these institutions will not be equal, the Board expressed by vote its opinion that the College would require two thirds of the time of the Agent and would agree to pay two thirds of his salary. The entire salary was fixed at $1,000 per annum, two thirds of which shall be paid by the College, and the remaining third by the Seminary if its Board should agree to this arrangement. The following resolution in relation to the Building Fund was adopted by the Board, viz. Resolved, that the Financial Agent be instructed to collect as speedily as possible the unpaid notes belonging to the Building Fund, and that he in connection with the Financial Committee be authorized to make compromise settlements with any of the debtors to that fund. The attention of the Board was called to the order of the Synod suggesting to this Board the reconsideration of the matters contained in Sections 12, 13, Chapter 6, College Laws. After deliberation the Board resolved to leave the whole subject to the discretion now vested in the Faculty by the terms of the laws. Resolved, that a committee be appointed with instruction to lay before the Presbyteries in Kentucky and before the Synod at the next stated meetings of those judicatories an overture praying them to take into consideration the propriety of establishing English and classical high schools of the first class, with special reference to the preparation of young men for the College; these schools to be owned and controlled by the Presbyteries or by Boards of Trustees appointed by Presbyterian congregations or church courts. The following Committee was appointed: Humphrey, Johnstone and Lee. The subject of supplying instruction in the Preparatory Department for the ensuing year was committed to the Faculty of the College and the Financial Committee. Standing Committees for the year: Repairs - Financial Agent, George F. Lee and Thomas Barbee Finances - George F. Lee, Edward P. Humphrey, Ormond Beatty, J. A. Jacobs, Levi L. Warren, and Financial Agent, three of whom shall constitute a quorum New College Edifice - Ormond Beatty, Edward P. Humphrey, J. A. Jacobs, William J. McKnight, George W. Welsh, William L. Breckinridge, and Financial Agent The report of the Financial Agent was approved and the report of the Committee to whom this paper had been committed was received and adopted and are as follows: To the Board of Trustees of the Centre College at their annual meeting 27th June 1865. 1. Papers in the usual form exhibiting the amount and description of the funds belonging to the College, the receipts and expenditures of the current year, and the balances of cash are herewith presented. Nothing connected with them seems to call for any special remark. It will be observed that this report is closed on the first instead of the tenth day of June. �2. In regard to the income and expenses of the coming year; also in regard to the cash value of the stocks owned by the College, nothing more definite can be offered at this time than was stated in the last annual report to which reference is made. Respectfully submitted, Heman H. Allen, Acting Financial Agent 1. It will be observed on a comparison of the bank balances with the cash balances on the books that there is a deficit of $30.50 in the balances in bank. This occurred through the absence of the Financial Agent, and will be rectified on his final settlement with the Board. [The detailed financial report for 1865 follows. A print version can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1865.pdf] The Committee on the Report of the Financial Agent of Centre College would report as follows, that without access to all the papers necessary to verify every item of said report, we have examined the vouchers and bank balances of the Financial Agent and find them to correspond with his report, and the whole report correct; and present a safe and healthful condition of the funds belonging to the College. From this Report it appears: 1. 2. 3. 4. 5. 6. 7. 8. 9. That the receipts from all sources have been sufficient to pay all expenses and leave a small balance. The receipts have been $7,137.40 and the expenses $6,850.91, leaving a small balance of $286.49. That the income from the funds invested and tuition fees have been $304.62 less than in the preceding year. The income for the year 1864 was $7,442.02 and for this year $7,137.40. That the current expenses of the present year have exceeded those of the year preceding [by] $52.21. The expenses of the year 1864 were $6,798.70 and for this year $6,850.91. The income from the investments have been for this year $188.82 less than in the preceding year. The said income last year was $5,310.22 and for this year $5,121.40. The tuition fees for the present year have been $115.80 less than for the preceding year. For the year 1864, they were $2,131.80 and for the present year $2,016.00. The income from the investments has been a small fraction less than 5 per cent. There has been a small decrease in the amount of the permanent funds of the College, viz. $735.71 which is satisfactorily explained in the report. There have been no changes in the character of the investments, except that the amount of funds held in individual notes has been decreased $354.30 and $3,500 invested in U.S. seven thirty bonds. The statements of the report as to the condition of the Building Fund are satisfactory; also of the Theological Fund. And when this discrepancy in the statement of the cash account shall have been corrected, we recommend that the report be approved by the Board of Trustees. All which is respectfully submitted. Board adjourned to meet at 8 o'clock tomorrow morning. June 29th 8 a.m., Board reassembled The Committee on the vacant Professorship reported. The report was received and is as follows: �Your Committee to whom was referred the inquiry as to the expediency of filling at this time the vacant chair of Belle Lettres respectfully report that they are deeply impressed with the desirableness and importance in order to the successful working of the College of having all of the chairs filled - of having the institution fully manned. But in the judgment of your Committee there are considerations which render it inexpedient at this time to fill the vacant Chair. Some of these reasons are as follows: The present income of the College is insufficient for the additional expense that would be incurred, and the only source from which an increase of the income could be reasonably hoped for is an increase of tuition fees; and whilst the appointment of an additional professor would, doubtless, render the College more attractive to students and have a tendency to enlarge the number, that influence, it is to be feared, would to a great extent be counteracted by the want of proper accommodation for students on terms which are within the means of a majority of those who attend. The two principal difficulties, therefore, in the way of an appointment at this time of an additional Professor are insufficient means and the want of suitable boarding accommodations for students. Your Committee are of the opinion that steps should be taken at once to remove as soon as possible these difficulties and hindrances to the prosperity of the College, and would recommend to the Board the consideration of the propriety of procuring or erecting a suitable building for the boarding and lodging of students as speedily as practicable; also that an effort be made to increase the endowment fund to at least $150,000. William Ernst, Robert F. Caldwell, Stephen Yerkes As a means of removing the difficulties and hindrances to the prosperity of the College, herein named Resolved that the President of Centre College and President of this Board of Trustees and Rev. John L. McKee be and are hereby requested to seek and receive contributions for the purpose of augmenting the Permanent Fund, until it shall reach the sum at least of $150,000. Ordered that the subject of providing temporary lodgings and accommodations for the students be committed with full powers to act to the Financial Committee. Ordered that the whole subject of providing arrangements for the permanent lodging of the students be referred to the Building Committee, with power at their discretion to erect such building or buildings as may be necessary to this end. The Building Committee is authorized to use for this purpose any portion of the Building Fund not needed for the Public Building. Adjourned to meet at 6 o'clock on Tuesday before the last Thursday in June next. Closed with prayer. Ormond Beatty, Secretary June 26, 1866 Board of Trustees of Centre College met pursuant to adjournment and the meeting was opened with prayer by Rev. Ezekiel Forman. Members present (Chairman) Rev. Edward P. Humphrey, Rev'ds Aaron A. Hogue, Sidney S. McRoberts, John L. McKee, Robert L. Breck, Ezekiel Forman, Robert A. Johnstone, Stephen Yerkes, Messrs. William �Ernst, Levi L. Warren, Thomas Barbee, Glass Marshall, Jeremiah T. Boyle. The following members were duly qualified before taking their seats as members of the Board, viz. Jeremiah T. Boyle, Ezekiel Forman, Levi L. Warren and Robert L. Breck. The minutes of the last meeting were read and approved. On motion the Financial Report was committed to Messrs. Ernst and Warren. Messrs. Breck and Boyle were appointed a committee to examine the bonds, certificates of stock, etc., and compare them with the Financial Agent's report. The Board received, through one of its members, a request from Dr. Robert J. Breckinridge to have an hour appointed in which he might have an opportunity of conferring with the Board in reference to important matters. The Board acceded to the request and appointed 3 o'clock tomorrow as the hour when they would hear Dr. Breckinridge. A similar request was made by the Revds. G. Craig and W. L. Green. The Board agreed to hear them and appointed the hour of 9 o'clock tomorrow morning for that purpose. A statement having been made that the Board was in some manner related to certain trusts created under the will of the late Michael G. Youce, Messrs. Boyle and Breck were appointed a committee to examine the will and report upon the whole subject. A letter was received from Prof. Jacob Cooper tendering his resignation of the Chair (Greek Language and Literature) which he now holds under the appointment of the Board. The resignation was accepted. Board then adjourned to meet at 8 o'clock tomorrow morning. June 27, 1866. 8 o'clock. Board reassembled. Rev. Robert F. Caldwell and Messrs. Tyler T. Alexander and George F. Lee appeared and took their seats as members. Messrs. Alexander and Lee having been first duly qualified. The Building Committee presented a report which was received and put on the docket. A report from the Faculty was read, and on motion was received and put on the docket. The subject of the Preparatory Department was referred to a committee of which Jeremiah T. Boyle shall be Chairman, with whom by appointment of the Chairman of the Board are associated Mr. Alexander and Mr. Yerkes. Ordered that the salary of Prof. Cooper be paid for the entire year (to September 10th) the full duties of which he has discharged. Revds. W. L. Green and G. Craig in accordance with their request on yesterday were heard in relation to an application of Mrs. Dr. Green, who asks to be released from obligation to pay the subscription of Dr. Lewis W. Green to the Building Fund. After a free conversation on the subject the following resolution was adopted, viz Resolved that the action of the Financial Committee in regard to the application of Mrs. Dr. Green for the remission or surrender of Dr. Green's notes to Centre College be approved, and that the matter is again referred to �the Committee for their action with recommendation that sixty days from 1st July be given for the acceptance of the proposition of the Committee for settlement and payment the notes. The report of the Building Committee was taken up and is as follows: Immediately after the adjournment of the Board last year, the Committee advertised for proposals to furnish all the heavy lumber that would be needed in the erection of the new College edifice. A number of propositions were received and the Committee accepted one from Messrs. Helm and Afford of Stanford, which they deemed upon the whole the most favorable. A written contract was made with these parties to saw and deliver in Danville a large bill of lumber furnished by the architects of the Board, and including all the heavy timbers which would be needed. They bound themselves under a penalty for failure, to be determined by disinterested referees, to saw the lumber between the first of November 1865 and the first of May 1866 and to deliver the same upon the College grounds as might be required between the first of August and the first of November 1866. These parties have wholly failed to comply with contract, but have recently offered to renew it. Your Committee, however, believe that they can now get the lumber on more favorable terms elsewhere, and do not feel inclined to renew their engagements with parties who have so signally failed to comply with their contracts. The cost of materials and labor continue so high, that the Committee have felt unwilling, as yet, to take any further steps than those stated above to secure lumber that might be seasoned and ready when the time for building should come. A building which was estimated at the time the plans were drawn to cost $30,000 would not at the present rates be erected for less than $45,000 or $50,000. In reference to the other subject referred to the Committee, viz. the erection of suitable buildings for lodging the students, nothing more has been done than to make inquiries for plans and cost. The same reasons which deterred the Committee from proceeding with the erection of the main building have prevented them from taking any further steps towards providing lodgings for the students, viz. cost of materials and labor. The whole Building Fund would doubtless be insufficient to erect at the present time the main building and suitable and permanent lodgings for the students. Respectfully, signed Ormond Beatty, Chairman On motion the report was approved and the Committee was continued under the previous instructions of the Board. The Faculty report was taken up and is as follows: The Faculty of Centre College would beg leave to submit to the Board of Trustees the following report for the academic year which will close on the 28th instant. The whole number of students present during year is 92 in College proper and 53 in the Preparatory: Senior Class 11; Junior 19; Sophomore 19; and Freshman 26; Scientific 17. We have nothing of a special nature to report in relation either to the deportment or habits of study of the students during the year. Some marks of disorder in the beginning of the session were repressed by what was deemed suitable and timely discipline, which appeared to correct the evil. During the last year a gracious revival of religion occurred in the congregations of this place, in the blessings of which, as we trust, the students shared largely. Fourteen from the College Proper and six from the Preparatory �were added to the Church, and upon many others very deep impressions were made, which under the influence of the Divine Spirit we hope may never be effaced, but prove an awakening to a new life. There are 35 professors of religion in the College. Of these we hope that some may yet have their minds turned to the gospel ministry. The Faculty recommend for the degree of Bachelor of Arts the following young gentlemen, members of the senior class, viz. John H. John Boyle, John Samuel Harbison, Alexander Pope Humphrey, Thomas Moore Paschal, George Robinson Pryor, Antonio Demetrius Richards, James Richard Russel, Caleb Clay Weedin, William Samuel Wilson, William Lovell Yerkes. The Faculty have all, under God's blessing, been at their posts during the entire year, except when other duties seemed to call them away for brief periods. One of our number, Prof. Jacob Cooper, under a call to another and distant field of labor, has felt it to be his duty to resign his Professorship of Greek, a post which he has held since his connection with this institution. His resignation will doubtless be laid before the Board, who will take care to make such provision for the case as their wisdom shall dictate. The annual catalogue herewith submitted, with the report of the Financial Agent and the committees of the Board, will furnish all requisite information in regard to the internal affairs of the College. Respectfully submitted by order of the Faculty signed James Matthews, Secretary In accordance with the recommendation of the Faculty, the Board conferred the degree of A.B. upon the above named young gentlemen who had completed their regular collegiate course. The degree of A.M. was conferred in course on the Revds. Henry M. Scudder, 1855 and Joseph M. Evans, 1862. The honorary degree of A.M. on Rev. Thomas J. Dodd of Paris, Kentucky; the degree of D.D. upon the Rev. William Speer of Philadelphia, Rev. Joseph H. Calvin, President of Oakland College, Mississippi. A motion was made and passed to take up the subject of filling the vacancy occasioned by the resignation of Prof. Cooper. Recess until 3 p.m. Pending the subject the Board took a recess until 3 p.m. 3 p.m. Board reassembled In accordance with the previous arrangement the Board heard a statement from the Rev. Robert J. Breckinridge in regard to the removal of the Theological Seminary from Danville, and in regard to the relations of this Board to the whole subject. Upon motion Messrs. Johnstone, Alexander, and Ernst were appointed a Committee to confer with Dr. Robert J. Breckinridge, who had been appointed by the General Assembly upon this subject, and to report to the next meeting of this Board. The subject of filling the vacancy occasioned by the resignation of Prof. Cooper was taken up, discussed, and several ballots taken without result. A motion was then made and adopted that when the Board adjourns it will adjourn to meet at 8 o'clock this evening. �A report from the Committee to whom the Financial report had been referred, was received, adopted, and is as follows. Your Committee to whom was referred the report of the Financial Agent respectfully report that it appears to be correct. But owing to the unclassified condition of the vouchers, your Committee are unable to compare them with the items of expenditure as set forth in the report of the Financial Agent. It also appears that there is an error of $21.33 in the stock account, which neither the Financial Agent nor your Committee are able to explain. The report shows a decrease in the Permanent Funds of $1,850.28 during the present year, an increase in the current income of $410.83 as compared with last year, an increase from tuition fees of $805.03, and an increase in the current expenditures of $2,511.77. Your Committee recommend that the Financial Committee be instructed to examine at their convenience the vouchers and compare them with the Financial Agent's report; also to examine into and ascertain if possible the cause of the discrepancy in the stocks account. Your Committee also recommend that the Financial Committee be instructed to take into careful consideration the propriety of securing the stock held by the College in the Bank of Kentucky and in the Bank of Louisville, and investing the proceeds in some way to make it more profitable, and that power be given to that committee to act at their discretion in the premises; all of which is respectfully submitted. William Ernst, Levi L. Warren, Committee The Board then took recess until 8:30 p.m. 8:30 p.m. Thomas Barbee was appointed in the place of Jeremiah T. Boyle (excused), upon the committee to examine the bonds, etc. The subject of filling the Chair of Greek was again taken up and Dr. Stephen Yerkes was elected temporary Professor for the ensuing year, with the same salary as that paid to the other professors. In the event Dr. Yerkes shall decline to accept the appointment, the Faculty and Financial Committee shall have authority to fill the chair of Greek until the next meeting of the Board. Committee on the Preparatory Department made a verbal report recommending a change in its management. After a free conversation on the subject it was resolved that the Financial Committee be authorized and directed to employ a teacher for the Preparatory Department for the ensuing year. The following Committee, viz. Dr. Stephen Yerkes, John L. McKee, McRoberts, and Prof. James Matthews, was appointed to report upon the whole subject of the Preparatory Department at the next meeting of the Board. The following standing committees were appointed: Repairs - Financial Agent, George F. Lee and Thomas Barbee Finances - George F. Lee, Edward P. Humphrey, Ormond Beatty, J. A. Jacobs, William Ernst, George W. Welsh, Levi L. Warren and Financial Agent - three of whom shall constitute a quorum �New College Edifice - Ormond Beatty, Edward P. Humphrey, J. A. Jacobs, William J. McKnight, George W. Welsh, William L. Breckinridge and Financial Agent Mr. Nelson was appointed with the salary that was paid to him last year. Mr. McRoberts, Mr. Marshall, and Tyler T. Alexander were appointed to examine still further Mr. Youce's will and report to the next meeting of the Board. The committee who were appointed to examine the bonds, certificates of stock, etc., reported that upon examination they found the bonds, etc., to correspond exactly to the statement in the financial report. The box containing bonds, etc., left to the custody of the Financial Committee. Adjourned to meet Tuesday before Commencement at 6 p.m. Ormond Beatty, Secretary Financial Report to the Board of Trustees of the Centre College at their annual meeting June 26, 1866. Papers A, B, C, D exhibit the funds belonging to the College, the receipts and expenditures of the current year, with cash balances. 1. 2. 3. 4. This report shows that the funds expended during the current year exceed considerably the ordinary income collected from June 1865 to June 1866. An error in the account appears under Section 2, Paper B to a small amount which possibly can be explained by a more searching view of items in account than has been given. There is an error in the statement made of the principal of the Building Fund. From such examination as could be made it appears that in the report of 1865, the entire amounts of the notes of Ellis Brown and Co., of Mad. McKinny and Co., both the principal and interest were stated as principal. The states of Tennessee and Missouri have recently made propositions to their bond-holders, to which the attention of the Board of Trustees is respectfully directed. The state of Missouri by act of Legislature requires the surrender of the old 6 per cent bonds and the accrued coupons in exchange for consolidated bonds which bear from the start only 3 per cent interest for 4 years and thereafter each succeeding four years to 1880, 4 and 5 per cent. In 1880 the rate of interest reaches the original 6 per cent. See New York Weekly Times, March 11, 1866. Respectfully submitted signed Robert A. Johnstone, Financial Agent, Centre College [The detailed financial report for 1866 follows. A print version can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1866.pdf] �Danville June 25, 1867 Board of Trustees of Centre College met pursuant to adjournment, and was opened with prayer by the Chairman, Dr. Edward P. Humphrey. A certificate of Sidney S. McRoberts, Stated Clerk of the Synod of Kentucky. was presented declaring that the Rev'ds Richard Valentine, Aaron A. Hogue, John L. McKee, D.D., Sidney S. McRoberts, William C. Matthews, D. D., and Messrs. George W. Welsh and David J. Curry were elected members of the Board of Trustees of Centre College for three years by the Synod of Kentucky at Henderson in October last. Certificates that they had taken the oath of office required by the Charter were placed by all these parties in the hands of the Secretary of the Board and ordered to be filed. Members present, Rev. Edward P. Humphrey, Chairman, Rev’ds Richard Valentine, Sidney S. McRoberts, William C. Matthews, Messrs. Jeremiah T. Boyle, Thomas Barbee, Tyler T. Alexander, George F. Lee, Levi L. Warren, George W. Welsh, David J. Curry. Minutes of the last meeting were then read. The report of the Financial Agent was read, received, and referred to a committee, viz. Levi L. Warren, Tyler T. Alexander, and George W. Welsh. Messrs. Barbee and Curry were appointed a committee to examine the bonds, certificates of stock, etc., and to compare them with the report of the Financial Agent. The report of the Building Committee was read, received, and referred to Messrs. Boyle, Matthews and McRoberts. A contract with the Board of Trustees of the town of Danville in reference to the extension of Green Street was read, received and referred to Messrs. Alexander and Boyle. The Board then adjourned to meet at the Lecture Room of the Theological Seminary at 8 o'clock tomorrow morning. June 26, 1867. Lecture Room of Theological Seminary, 8 a.m. Board met according to adjournment. In the absence of the Secretary of the Board, Robert A. Johnstone was requested to act in his place. The minutes of yesterday were read and approved. The report of the committee on the report of the Financial Agent of 1866 was read, received, approved, and ordered to be inserted in the blank in the minutes of the Board. A report from the committee appointed to examine and compare with the financial report, the bonds, certificates of stock, etc., belonging to Centre College, was read, received, approved, and is as follows: We, the Committee appointed to examine the stocks reported by the Financial Agent, would report that we have compared them with his account and find the bonds and certificates as reported, except the turnpike stock of which there is no certificate - relying on the books of the companies to show the amounts. Thomas Barbee, David J. Curry, Committee On a motion made to order certain stocks reported by the Financial Agent to be dropped from future reports, it was ordered that the Financial Agent examine into the value of said stocks; also into the state of all the turnpike stocks and obtain certificates of said stocks and report to the next regular meeting of the Board. �The Faculty of the College laid before the Board the following report. The Faculty of the Centre College would beg leave to submit to the Board of Trustees, and through the Board to the Synod of Kentucky, the following report for the academic year, which will close on the 27th instant. The whole number of students present during the year in the College Proper is 65, viz. Seniors 14, Juniors 12, Sophomores 16, Freshmen 6, Scientifics 17. In the Preparatory the number is 88, making a total in both departments of 153. We have nothing of a special nature to report in regard either to the deportment, habits of study, or religious character of the students during the year. In the College proper 25 are professors of religion, two are under the care of the Board of Education, and several others have the ministry in view. The following persons are recommended to the Board for the degree of A.B., viz. John Fulton Caldwell William. Bowen Campbell Robert Wickliffe Cleland John Logan Grundy William Irvine Eugene Wallace Lee Robert Alexander Lowry Claude Matthews Clarence Underwood McElroy William Irvine Moore James Stockton Ray Charles Henry Rodes Charles Cyrus Tevis Two additional vacancies in the Faculty are created by the resignations of Prof. James Matthews, who holds the chair of the Latin Language and Literature, and of Prof. Ormond Beatty, who holds that of the Natural Sciences. These resignations will, no doubt, be laid before the Board, and demand its consideration. The annual catalogue, herewith submitted, together with the report of the Financial Agent and the reports of the various committees of the Board, will furnish all required information in regard to the affairs of the College. James Matthews, Secretary On motion it was made the order of the day to take into consideration the state of the Deaf and Dumb Asylum, at 3 o'clock this afternoon Letters of resignation from Profs. Ormond Beatty and James Matthews were presented and read. On motion these letters, together with the whole subject of the re-appointment of Dr. Yerkes and Prof. Nelson and the supplying the College with teachers, was referred to a committee, viz. Dr. Humphrey, Dr. Matthews and Tyler T. Alexander. The committee on the contract of the Board of Trustees of the College with the Board of the Town presented their report which was received and adopted and is as follows, viz. The undersigned Committee to whom was referred the matter of agreement made by the Trustees of Danville and the Financial Committee would beg leave to report, 1. That the agreement and contract aforesaid be approved and confirmed and the agreement be spread at length upon the records of this Board. �2. That the same also be entered of record on the Records of the Board of Trustees of the Town of Danville and an acknowledgement of the receipt of the money also entered on said last mentioned records; all of which is respectfully submitted. Jeremiah T. Boyle, Tyler T. Alexander, Committee The following is the contract above alluded to: At a meeting of the Board of Trustees of the town of Danville 5th of March 1867. It is now here agreed by the Board of Trustees of the town of Danville, and they hereby covenant with the Trustees of the Centre College of Kentucky, that in consideration that the said Trustees of said College shall pay to the Board of Trustees of the town of Danville that assessment which has been levied against the said College for the improvement and grading and paving of Walnut Street from the Reformed or Christian Church, West, they, the said Board of Trustees of the town of Danville, will not open or cause to be opened and extended further west than the line of the College property the street called Green and running west between the property of Mrs. Batterton and Dr. Ayres, and they hereby relinquish the right to open said street further than the line of said College property. The assessment referred to above is $360. M. T. Chrisman, Clerk, Board of Trustees, Town of Danville, April 22, 1867 Circulars on the subject of military education were referred to Jeremiah T. Boyle and Richard Valentine. The degree of A.B. was conferred upon the young gentlemen of the senior class recommended by the Faculty thirteen in all (see their names in the Faculty report) The degree of a.m. in course was conferred upon the following persons, graduates of the College upon their application. Joseph K. Thompson James M. Ogden Andrew C. Kemper William Henry Jason W. Chenault Alfred B. Nelson Henry A. Scomp Class of 1843 Class of 1854 Class of 1855 Class of 1859 Class of 1861 Class of 1864 Class of 1864 Also without application on their part upon Edward W. C. Humphrey John D. Goodloe Class of 1864 Class of 1863 The degree of D.D. was conferred upon the Rev. James Matthews of Danville and Rev. Samuel J. Nichols of St. Louis, Missouri. A letter from Dr. William Speer was laid before the Board presenting a claim for the Chinese Repository and referred to Messrs. Hogue and Curry. �On motion the Financial Agent was authorized to manage or sell the Williams' land at his discretion. The report of the committee to whom was referred the Financial Committee's report was taken up, when on motion the Board took recess until 3 o'clock p.m. 3 p.m. The Board reassembled. The committee on the report of the Building Committee presented a report which was received and discussed, when the following substitute was offered and adopted, viz. 1. 2. 3. That the Building Committee at once make arrangement and contracts to erect a building for a Preparatory Department. That said Building Committee go forward at once in the erection of a College building as contemplated by the subscribers to the Building Fund, but in doing so they should have the buildings finished in portions, so as to insure its speedy occupation by the Faculty of the College. That the Building Committee, so far as practicable, secure a number of rooms by renting temporarily, for the use of such students as may desire them. It is not intended by this order to require the Committee to make contracts (other than those heretofore made) immediately, but to use a wise and prudent discretion as to time and amount to be paid in view of all the circumstances by which they may be surrounded. Adjourned to meet at 8 o'clock tomorrow morning. Closed with prayer. June 27, 1867, 8 a.m. Board met. Minutes of yesterday were read. The Committee on the report of the Financial Agent presented a report, which was received and adopted and is as follows, viz. The committee to whom the report of the Financial Agent was referred report that they have not the time to examine the books of the Agent and the vouchers to verify the correctness of the report, and recommend that the Financial Committee be instructed to make this examination as to the present report and also of the report of June 1866, and that they report to the trustees at their next annual meeting. Your Committee are of the opinion that an auditor should be appointed to audit the account before the report of the Financial Agent is presented to the Trustees and recommend the appointment of an auditor at the present meeting of the Board. It appears by the report that the Permanent Fund was in 1866 $103,934.27 in 1867 $105,907.08 Increase $1,972.81 �The changes during the year are a decrease in board to individuals $1,091.78. Increase in U.S. bonds $1,000 and in Tennessee bonds $2,000. Income for 1866 $7,548.23 Expenses for 1866 $9,848.99 Income for 1867 $11,275.37 Expenses for 1867 $9,302.07 Tuition for 1866 $1,847.50 Tuition for 1865 $1,588.54 Decrease $258.96 Increase from bank stock $804.00 Increase from bonds $2,798.00 Interest on same $1,100.00 Expenses Salaries in 1866 $5,751.00 Salaries in 1867 $6,866.00 Increase $1,185.00 Improvements and repairs, 1866 $278.00 Improvements and repairs, 1867 $641.00 Increase $363.00 Expense Account, 1866 $651.00 Expense Account, 1867 $1,420.00 Increase $769.00 Income, 1867 $11,275.37 Expenses, 1867 $9,302.07 Income more than expenses 1867 $1,973.30 The Building Fund Whole amount collected principal and interest $49,058.00 Invested in U.S. bonds $27,350.00 Loaned to individuals $17,353.45 Uncollected subscriptions $13,151.31 Cash on hand $639.71 Your Committee recommends that the Financial Agent collect the unpaid subscriptions and loans to individuals belonging to the Permanent Fund, and that the Financial Committee invest the money collected in safe productive bonds. Your Committee are of the opinion that the two Tennessee bonds belonging to the income fund are not needed for current expenses and that the Permanent Fund is too small. We recommend that these two bonds be added to the Permanent Fund. �We have not a copy of the act passed by the Legislature of Missouri in reference to the unpaid coupons on Missouri bonds, but understand the State proposes to pay on the 1st provision one half of the amount due and unpaid January 1, 1867, in cash and the other half in bonds. We recommend that the Financial Committee accept the money for the half and if they cannot get the whole in money that they take bonds for the other half. Your Committee are of the opinion that the sale of the stock of the Bank of Kentucky and investment of the proceeds will increase the income of that investment and recommend the sale of the 101 shares of stock of the Bank of Kentucky, and that the proceeds be invested in the 7 per cent bonds of the Louisville, Frankfort and Lexington Railroad. Of the amount collected of the Building fund $27,350 is invested in U.S. bonds. Loaned to individuals $17,353. Your committee do not think it wise or prudent to invest the whole, or the larger part of any trust fund, in one class of securities, regarding it as unsound in principle and hazardous in practice, and recommend the speedy collection of loans to individuals and unpaid subscriptions belonging to this fund, and that the money collected, so far as it is not needed for building, be invested in safe productive bonds and bank stock. Levi L. Warren, Tyler T. Alexander, George W. Welsh, Committee The committee on the letter of Dr. Speer presented their report, recommending the letter be referred to Prof. Beatty to make further inquiry on the subject. On motion resolved that hereafter all young men of suitable character who apply for education in the College may be admitted to all the privileges of the College classes without the payment of tuition fees, which may be paid hereafter, if they shall be able to do it, and that the Financial Agent of the College give public notice of this action. The committee to whom was referred the resignations of Profs. Matthews and Beatty and the report of the Faculty, presented their report which was received and adopted and is as follows: The Committee on Faculty report and recommend to the Board the following resolutions: 1. 2. 3. 4. 5. 6. This Board has heard with much regret Prof. Beatty's letter of resignation of his offices in the College. This Board unanimously and most earnestly requests Prof. Beatty to withdraw his letter of resignation and to resume his duties in the College. This Board is assured and assure Prof. Beatty that it is the earnest desire of the Synod and of the alumni and students and friends of the College that he should continue in his most useful labors. Prof. Matthews having stated that his engagements are of such a nature as requires him to remove from Danville, this Board accepts his resignation, thanking him for his faithful services in the College. The Faculty is requested to supply instruction in the Latin and Political Economy. The Rev. Dr. Yerkes is reappointed Professor pro tem of the Greek Language. Mr. Alfred B. Nelson is appointed temporary Professor of Mathematics for the year ensuing. In case any of these professors should decline to serve, the Faculty is authorized to supply instruction in the vacant department. In accordance with the recommendation of the committee on the Financial Agent's report, the Board hereby appoints Thomas E. Quisenberry auditor. �The Committee to whom was referred the circular on military education presented their report, recommending after mature deliberation that no action be taken on the subject. Ordered that Messrs. Ralston and Yerkes be appointed teachers in the Preparatory Department, and if they decline, the Financial Committee are directed to supply their places. The following committee was appointed to report on the whole subject of the Preparatory Department, viz. McRoberts, Humphrey and Welsh. The matters relating to Mr. Youce's will was referred to Financial Committee. Standing Committees: 1. On Repairs: Financial Agent, Thomas Barbee, and George W. Welsh 2. Financial Committee: Dr. William L. Breckinridge, Ormond Beatty, J. A. Jacobs, Thomas Barbee, George W. Welsh, William Ernst, Levi L. Warren, and Financial Agent 3. Building Committee: Ormond Beatty, Edward P. Humphrey, J. A. Jacobs, William J. McKnight, George W. Welsh, William L. Breckinridge, and Financial Agent On motion, the salary of Financial Agent was increased $100, making it $766.66 2/3. The salary of Mr. Nelson was raised to $900. The Board then adjourned to meet at 6 o'clock p.m. on Tuesday, before the last Thursday of June 1868. Ormond Beatty, Secretary The Financial Report to the Board of Trustees of the Centre College at their annual meeting June 25, 1867. Papers A, B, C, and D show the present state of the funds of the College. Since June 1, 1866, the State of Tennessee has paid up all the interest due upon her bonds to January 1, 1867, upon the terms which said state had previously offered to her bond-holders, and which this Board of Trustees accepted at their last regular meeting. The income of the College has been sufficient during the year which closed June 1, 1867, to pay all the ordinary expenditures of the Institution and have a surplus of cash on hands. The surplus of income of the present year has been passed to the Permanent Fund and invested in Tennessee State bonds. The State of Missouri has, since the last regular meeting of the Board, changed her terms proposed to her bond-holders, and made provision for the final payment of all the interest due on her bonds January 1, 1867, and promises to resume on July 1, 1867, the regular payment of interest on her bonds. For more definite information on this subject the Board are referred to the Act the Legislature of the State of Missouri at its last session. �The propriety of selling certain stocks belonging to the College, which now command a high premium in the market, and reinvesting proceeds in other forms has been suggested by some who are friendly to the interests of the College. Possibly in this way a valuable increase of the permanent funds of the College might be made. Respectfully submitted. Robert A. Johnstone, Financial Agent [The detailed financial report for 1867 follows. A print version can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1867.pdf] October 11, 1867 Pursuant to call of Chairman, by public notice, the Board of Trustees met and was opened with prayer by the Chairman. Present Revds. Edward P. Humphrey, William C. Matthews, Sidney S. McRoberts, Aaron A. Hogue, Richard H. Valentine, Messrs Levi L. Warren, William Ernst, Thomas Barbee, David J. Curry Dr. Breckinridge presented a report from the Faculty of the College which was received and ordered to be put on file. The action of the Faculty in the appointment of Messrs. Randolph and Tevis to give instruction in the vacant chairs of Latin and Greek until the Board should meet was approved, and these persons appointed by the Board itself to these chairs for the remainder of the year; Mr. Randolph at a salary of $1,200 and Mr. Tevis at a salary of $600 per annum. The following proposition was offered and adopted. Ordered that in view of the present state of affairs at Danville, as stated by Dr. William L. Breckinridge, President of the College, he be delivered from the duty of preaching to the students on Sabbath and permitted, at his discretion, to make any arrangements which he may desire to make for preaching at other points on the Sabbath. The action of the Financial Committee in employing legal counsel to defend the right of the Synod to control Centre College in the suit that has been instituted by the Schismatical Board to obtain possession of this Institution is approved. The counsel retained by the Committee are J. F. Bell, John M. Harlan, the firm of Durham and Jacobs, the firm of Fox and Vanwinkle, and T. E. Quisenberry. Adjourned to meet in the Lecture room of this Church (Mr. Worrel's) at 7:30 p.m. tomorrow evening. October 12, 1867 The Board reassembled. The Synod having elected new members in place of those whose term of service expired in 1867, the following members were present, viz. Revds. Edward P. Humphrey, William C. Matthews, Sidney S. McRoberts, Aaron A. Hogue, Richard Valentine, William L. Breckinridge and Messers Levi L. Warren, William Ernst, Thomas Barbee, David G. Curry and Ormond Beatty. Messrs. Humphrey, Ernst, Barbee, Breckinridge and Beatty, of the newly elected class were duly sworn before taking their seats as members. �Upon application of the President of the College, it was ordered that he be allowed, if he prefer to do so, to rent out the house in which he lives, and to receive the proceeds of the rent. The action of the Financial Committee in buying a lot for the Preparatory Building is hereby approved by the Board, and the Committee is further directed and hereby authorized to sell so much of same as may be necessary for the use of school. Adjourned to meet in Danville at 8 p.m. on Tuesday before the last Thursday in June 1868. Ormond Beatty, Secretary. Danville, Kentucky. June 23, 1868 Board of Trustees of Centre College met pursuant to adjournment and was opened with prayer by the Rev. Aaron A. Hogue. Members present Rev. Edward P. Humphrey (Chairman), Rev'ds William L. Breckinridge, William C. Matthews, Sidney S. McRoberts, Richard Valentine, Aaron A. Hogue, Messrs. William Ernst, Levi L. Warren, Thomas Barbee, 0rmond Beatty. Minutes of last annual meetings in Danville (June 26th, 27th, and 28th 1867) were read and approved as also the minutes of the meetings in Covington October 11th and 12th 1867. Financial Agents report was read and referred to a committee, viz. Messrs. Warren and Ernst. Messrs. Barbee and McRoberts were appointed a committee to compare bonds, certificates of stock, etc., with the report of Financial Agent. Adjourned to meet at 8 tomorrow morning. Closed with prayer. June 24, 1868 Board reassembled pursuant to adjournment. Report of Building Committee was read, accepted, and is as follows: The Building Committee would beg leave to report that in obedience to the order of the Board made at its last annual meeting, ground has been purchased and a contract made for the erection of a Preparatory Building to be completed by the 1st of August 1868. Work is now in progress on the building. In regard to the main College Edifice the Committee has done nothing more than contract for the heavy lumber, which has been in part delivered and the contractors are delivering the remainder daily. By the contract it was to have been all delivered by the first day of January, but delay beyond the power of control by the Committee has occurred. Efforts have been made to secure lodging rooms for the students, but your Committee has been unable to effect satisfactory arrangements. The action of the Committee in contracting for a Preparatory Building was approved and the Committee directed to urge the work to its completion. The Building Committee is directed to suspend work on the main College Edifice until further orders of the Board. The same committee is authorized and directed to fit up the house now occupied by the janitor for the purpose of affording lodging rooms for the students, and if not needed for this use to rent it to a suitable tenant. �Letters giving reasons for absence from the meeting of the Board were received from David J. Curry and James Barbour, and the secretary was directed to make note of it on his minutes. The annual report of the Faculty was submitted, accepted, and is as follows: The catalogue, herewith submitted, shows the whole number of students for the year now closing to be 128 - to wit: 9 Seniors, 8 Juniors, 6 Sophomores, 7 Freshmen, 13 Scientific, and 85 in the Preparatory Department. Nothing of any special interest has taken place in the College during the year, no death or serious illness among the students, nor any case of flagrant misconduct calling for the exercise of discipline. The standard of diligence in study, taking an average of all the Classes, has been about as usual. In the College Proper there are twelve professors of religion, of whom five have the ministry in view; two of these being members of the Senior Class, having already entered the Theological Seminary here. We have still to regret the absence of the Trustees, as of other friends of the institution, from the examinations; only one of the Trustees having attended this year. We recommend the following named young gentlemen, composing the Senior Class for the first degree in the arts, viz. George N. Biggs, John Boyle, William L. Burdett, George Denny, William H. Evans, William E. McAfee, Logan McKee, John W. Walker, George C. Young; and for the second degree Henry M. Buford, James Graham Moore of the Class of 1864, and Robert E. Dunn of the Class of 1860. Signed Alfred B. Nelson, Secretary of Faculty The degree of Bachelor of Arts was conferred upon the nine young gentlemen recommended by the Faculty, (see their names above) and also the degree of Master of Arts upon the three recommended for this distinction. The degree of D. D. was conferred on the Revds. Henry Neill, of Pittsfield, Massachusetts, Thomas H. Cleland of Lebanon, Kentucky, E. Erskine of Chicago, Illinois, J. G. Reasor of Leavenworth, Kansas Prof. Ormond Beatty was added to the committee on the Preparatory. This committee now consists of Sidney S. McRoberts, Edward P. Humphrey, George W. Welsh, and Ormond Beatty. The order made last year, directing the sale of the stock of the Bank of Kentucky, was rescinded and then so far modified as to leave the matter discretionary with the Financial Committee. The action of the Financial Committee at their meeting March 6, 1868, arranging and paying fees to counsel in the College suit is approved and hereby ratified. Mr. McRoberts, as the agent of this Board, is hereby authorized to sell and convey title to the Williams land; and the Financial Committee is directed to pay any expenses that may be incurred in effecting the sale. Messrs. Hogue, Barbee and Valentine were appointed a Committee to report on the subject of salaries. The committee to whom was referred the report of the Financial Agent presented their report, which was received, adopted, and is as follows: �The Committee to whom were referred the report of the Financial Agent ask leave to report that the expenses of the College for the year Year ending 1867 were $8,927 Year ending 1868 were $8,764 Decrease $163 Tuitions June 1867 were $1,588 Tuitions June 1868 were $916 Decrease $762 Your Committee recommend that the report of the Financial Agent paper B, Section 3, viz. Investment in Texas land $1,442.18 be so amended as to read as follows - Texas land taken of James Weir in payment of his note. Of the Permanent Fund of the College $8,650 is in turnpike stock, the income from which the past year was $76.50. Your Committee recommended that the Financial Agent ascertain what can be realized by the sale of the turnpike stock, and if the sale and investment in other stock will increase the income, we recommend the change of the investment. Another item of the permanent investment is loans to individuals $10,613. The Committee are of the opinion that these loans and the individual loans of the Building Fund - $15,600 – should be collected, and the amount invested in safe productive stocks or bonds and that the notes due the Building funds be speedily collected and invested in good stocks or bonds. Levi L. Warren, William Ernst The Financial Committee is instructed to carry out the recommendations of this report. Dr. William L. Breckinridge signified verbally to the Board his desire to retire from the Presidency of the College, his resignation to take effect at such time as the Board may designate. Whereupon Drs. Edward P. Humphrey, William C. Matthews and William Ernst, Esq., were appointed a committee to confer with Dr. Breckinridge on the subject. The Committee reported that in conference with Dr. Breckinridge they requested him to withdraw his resignation, but he declined to do so. They then suggested that he should continue to hold his connection with the College until the next meeting of the Synod in October, with the understanding that this Board will hold a meeting at that time to take the subject into further consideration, to which he consented if this be the pleasure of the Board, and now recommend the Board to adopt this as its minute in the case. Adopted. The report of the Committee on the Preparatory was received, amended and then adopted and is as follows, viz. The Committee to whom was referred the subject of the Preparatory School, its relation to the College, the appointment and salary of its teachers, etc., would recommend the following action on the subject: 1. 2. 3. That the Preparatory School be regarded and treated as a department of the College, subject to the control and supervision of the Board of Trustees as are the other departments of the College. That the Board of Trustees appoint the teachers in said school, vacancies in recess of the Board to be filled by the Faculty of the College. That the salaries of said teachers by arranged by the Board of Trustees. But in case the Board shall fail to arrange for the salaries, then it shall be done by the Faculty. �4. That the tuition fees of said Department be paid into the common treasury of the College unless otherwise directed by the Board of Trustees. It is ordered that for the ensuing year the teacher of the Preparatory Department shall be entitled to the proceeds of the school, the charges to each pupil not to exceed those of students in the College classes. Also that said teachers shall pay to the Financial Agent a reasonable sum, to be determined by the Financial Committee, for the rent of the house and grounds, with proper insurance on the building, and shall receive and instruct without charge all persons whom the Faculty, under the orders of the Board, will admit without charge to the College classes. The teachers of the Preparatory are directed to make an annual report to the Board of receipts and expenditures. Mr. Lucien H. Ralston was appointed Principal of the Preparatory Department. Minutes having been read are approved to this point. The Board adjourned to meet tomorrow morning at 8 o'clock. Closed with prayer. June 25, 1868 Board reassembled. Messrs. Humphrey and Barbee were appointed a committee to confer with Mr. Ralston, as to his associate. Discretion was given to the Financial Agent to make such allowance to Mr. Friley for improvements on the Overton Estate as his judgment might approve; and the Financial Committee were directed at their discretion to finish the fence around the former. Messrs. Randolph, Nelson and Tevis were re-appointed for the ensuing year to the positions they at present hold as instructors in the College. Mr. Randolph at a salary of $1,200, Mr. Nelson at a salary of $1,000, and Mr. Tevis at a salary of $700 per annum, the increase in the case of the last two to begin with the next academical year in September. The attention of the Financial Agent is directed to the subject of tuition fees and collection, and authority is given to the Financial Committee to use coercive measures, at their discretion, to secure their prompt payment. The report of the committee on the subject of the salaries of tutors and professors was read, accepted, ordered to be put on file and referred to the regular annual meeting of the Board in June next. Ordered that the tuition fee in College proper be reduced to $40.00 per annum, with contingent fee of $5.00, to be paid semi-annually in advance. The tuition in the Preparatory is fixed at the same rates and terms. The committee appointed to examine bonds, certificates of stock, etc., reported that they had made this examination and found them to be correct and to correspond with the report of the Financial Agent. �The subject of the appointment of an Assistant Instructor in the Preparatory Department, together with all arrangements as to salary, instructions, etc., was referred to a committee consisting of the local members of the Board, of which Dr. William L. Breckinridge shall be chairman, with full authority to act in the case. The following Committees were appointed for the ensuing year. Financial Committee - Dr. William L. Breckinridge, Ormond Beatty, Aaron A. Hogue, Thomas Barbee, George W. Welsh, William Ernst, Levi L. Warren and Financial Agent Building Committee - Ormond Beatty, Edward P. Humphrey, J. A. Jacobs, William. J. McKnight, George W. Welsh, William L. Breckinridge, and Financial Agent On Repairs - Financial Agent, Thomas Barbee and George W. Welsh. The whole subject of the Dod property was referred to the Financial Committee with authority to sell at their discretion, and that of the building now used for a Preparatory School was referred to same Committee with like authority in this case. The minutes were read and approved, and the Board adjourned to meet at the office of the Financial Agent in Danville at 7 p.m. on Thursday, October 15, 1868. Ormond Beatty, Secretary Report of the Financial Agent to the Board of Trustees of Centre College, at their annual meeting, June 23, 1868. This report is contained in Papers A, B, C, and D, and closes the accounts on June 1, 1868. The stocks of the old Bank of Kentucky, of the Danville and Lexington Railroad, and of the Kentucky Statesman, are omitted from the list of stocks in this report. The overdue Missouri coupons have been recently paid up. Excepting a fractional interest of the College in one coupon of $30, but at a date too recent to be included in the accounts here presented. The accounts of the Overton Estate have been settled up to March, 1868, and the estate is now leased out for a term of five years from March 1, 1867, at the rate of $350 per year, to J. F. Friley with N. Tapp as security. Mr. Friley asks for an allowance of $30 to defray costs of a corn crib which he has erected on the Estate. The last coupon has been cut from one or two of the Kentucky State bonds, and the remaining bonds will soon become due. The State of Kentucky will pay off these bonds as soon as presented. The income of the College during the year ending June 1, 1868, has exceeded the expenses by $2,122.90. Respectfully submitted, Robert A. Johnstone, Financial Agent of Centre College [The detailed financial report for 1868 follows. A print version can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1868.pdf] �Auditors Report I have examined the Annual Report of the Financial Agent of Centre College closing with June 1, 1868, and find it correct. The accounts of receipts and disbursements for the year seem to balance properly. All sources of income are embraced by the report, and the disbursements sustained by proper vouchers. Thomas E. Quisenberry, Auditor October 15, 1868 Board of Trustees met pursuant to adjournment in the office of the Financial Agent in Danville and was opened with prayer by the Rev. William C. Matthews, D.D. Members present Rev. Edward P. Humphrey, D.D. (Chairman), Revs. William L. Breckinridge, D.D., William C. Matthews, D.D., Sidney S. McRoberts, Aaron A. Hogue, Richard Valentine, Messrs. Levi L. Warren, George W. Welsh. David J. Curry, Thomas. Barbee, Ormond Beatty It was ordered that the name of J. A. Jacobs be added to the Financial Committee. Adjourned to meet at this place on tomorrow at 7 p.m. October 16, 1868 Board reassembled. A letter of resignation from Dr. Breckinridge, the President of the College, was laid before the Board. The resignation was accepted, and Dr. Humphrey was requested to prepare a paper expressing the mind of the Board in relation to this whole subject, and submit it to the Board. Adjourned to meet at 12 o'clock tomorrow. October 17, 1868 Board reassembled. The following is a copy of Dr. Breckinridge's letter of resignation and of the minute reported and unanimously adopted by the Board in relation to it: Danville October 16, 1868 To the Chairman of the Board of Trustees of Centre College. My Dear Sir: At your annual meeting in June, I deemed myself at liberty to resign my place in this institution. It was under no sudden impulse, nor to execute a recent purpose, but in expression of a wish long indulged, and restrained heretofore by the influence of some of my brethren, whose opinions and advise I was bound to respect. I thought the time had come for me to follow my own judgment. I did not feel free to withdraw the resignation as desired by the Board. But I could not refuse its request to allow the matter to rest until this time. �After mature reflection, meanwhile, I see no reason to change or modify the views which were there expressed. It is my desire, therefore, to be discharged from this service at the earliest day, which the Board will see fit to indicate. Or if, for any reason, you prefer to name no day, then whenever I may close my work without serious inconvenience to my colleagues in the Faculty. I beg to offer to the Board my grateful acknowledgments of the kindness and respect it has shown me during my service here. Allow me also to express my sense of the obligations I am under to my brethren at large in Kentucky, and particularly to the Synod, for the generous confidence which brought me to this place, and which, I thank God, I have no reason to think withdrawn from me. It is not to be supposed that among so many there are none who withhold from me their esteem, none to whom I have given no offense in any part of my public or private course, none of whom I have a right to complain. But the sentiments and conduct of persons may be forgotten amid the satisfaction I feel in the assurance of the love of my brethren, among whom the most of my days and theirs have been passed, that is with them and their fathers. May the blessing of God ever rest on you all in Jesus Christ our Lord. I am very truly yours, William L. Breckinridge After consideration, the following minute in relation to this subject was unanimously adopted, viz. At the annual meeting of this Board in June last, the President of the College expressed a desire to resign his office and withdraw from the service of the Board. A committee of the Board, appointed for the purpose, waited upon him, and in their conference with him requested him to withdraw his resignation. On his declining to comply with this request, the Committee earnestly urged him to allow the subject to be postponed until the meeting of the Board in October, holding his office meanwhile; to which proposition he consented if such should be the desire of the Board. The Board approved the report of the Committee and adopted it as its own action. Dr. Breckinridge has appeared before the Board now sitting with a renewal of his desire to be discharged from further service in the Presidency of the College. Amid these circumstances, this Board does not feel itself at liberty to refuse its consent to Dr. Breckinridge's wishes. And painful as is the duty laid upon it, the Board is constrained to accept his resignation, to take effect at such time as may suit his convenience. This Board hereby accords its grateful recognition of the important services which Dr. Breckinridge has rendered to the College. His acceptance of the office in the midst of the late Civil War, when the College was rapidly declining under the disasters suffered by the church and country, was an act of Christian courage; and the faithfulness and unselfishness with which he has labored in the midst of many discouragements has endeared him to the hearts of all his brethren. The Board is more pained to learn that Dr. Breckinridge proposes to leave the bounds of the Synod, so that the College will be deprived, hereafter, of his wise and faithful counsels. For more than thirty-five years he has, from time to time, served the College either as a member of this Board or as one of its Faculty. Its past prosperity and its future usefulness, when God shall be pleased to restore it to its place, must be largely ascribed to his fidelity in all these trusts. The best wishes and the prayers of all the brethren for whom we act will follow him to his new field of labor. It is further resolved �1. 2. 3. 4. 5. 6. That Dr. Breckinridge be solicited to continue his daily instructions and the care of the students, so long as he can make it convenient to do so. That he be invited to occupy the President's house so long as it may be agreeable to himself and his family. That the Financial Committee pay him his full salary up to the first of January next. On his retirement from office, the Vice President is requested to assume the duties of the Presidency until further order of the Board. The Faculty is directed to supply full instruction to the Senior Class, and for that purpose they are authorized, at their discretion, to employ additional assistance. The Secretary is requested to hand to Dr. Breckinridge a copy of this minute, and to publish it in the Danville paper and the Western Presbyterian and the Presbyterian. The Board then adjourned to meet in the office of the Financial Agent in Danville, at 1 p.m. on Tuesday before the last Thursday in June in 1869. Ormond Beatty, Secretary May 3rd 5 p.m. 1869 Pursuant to public call, by the Chairman, the Board of Trustees of the Centre College, met in the office of the Financial Agent in Danville, and was opened with prayer by the Chairman, the Rev. Edward P. Humphrey. Members present Revds. Edward P. Humphrey, D.D., Thomas H. Cleland, D.D., Sidney S. McRoberts, Aaron A. Hogue, Messrs. William Ernst, Levi L. Warren, John W. Scott, George W. Welsh, Thomas Barbee, Ormond Beatty. Messrs. Warren, Scott, and Cleland, having been elected since the last meeting of the Board, were duly qualified and the certificate of their oath of office was placed in the hands of the Secretary, and directed to be filed. The object of the meeting was explained by the Chairman to be to take into consideration the reorganization of the Faculty of the College. The following resolution was then introduced and unanimously adopted, viz. Resolved, that it is the sense of this Board that the interests of the College demand that it be reorganized efficiently and as speedily as possible. After some further consideration of the subject it was resolved that the salary of the President shall after the reorganization be fixed at the rate of $2,000 and house and each of the Professors at the rate of $1,500 per annum payable quarterly. The resolution was unanimously adopted. The Board then took recess until 8 p.m. 8 p.m. Board reassembled. A letter was read in the hearing of the Board by Edward P. Humphrey, Chairman, from Prof. Ormond Beatty tendering his resignation as Professor in Centre College; whereupon the following minute was unanimously adopted and ordered to be spread on the minutes of the Board: A letter from Prof. Beatty tendering the resignation of his office as Vice President and Professor was read whereupon it was unanimously resolved �1. 2. 3. That Prof. Beatty be most earnestly requested to withdraw his resignation and to continue his connection with the College. This Board expresses its deep sense of the faithfulness and self-denying services of Prof. Beatty in the College, and assures him that they have the best reasons for believing that it is the cordial and earnest desire of all the friends of the College that he should be included in the proposed reorganization. That his letter be spread on the minutes of the Board. The letter referred to is the following: Danville, Kentucky. May 3, 1869 To the Chairman of the Board of Trustees of Centre College Dear Sir Two years ago, supposing I could no longer be of service to the Board, I tendered my resignation of the place I now hold under its appointment. The Board requested me to withdraw that resignation, which, yielding to its wishes in the matter, I did with great cheerfulness. I find myself now surrounded by circumstances, as they appear to me, very different from what then existed. I am now the only Professor connected with the College holding a permanent appointment. My colleagues hold their offices only at the pleasure of the Board. They have been reappointed from year to year, and their connection with the College will cease by the simple failure of the Board to reappoint them. As the Board has been called together to consider at this time the subject of the entire reorganization of the College, it seems to me even if under different circumstances I might have been able to render further service to the Board that, in the actual state of the case, my resignation is not only proper in itself, but will relieve the Board from all embarrassment in an effort to supply to the College such a Faculty as its judgment may approve. I beg therefore to tender my resignation to take effect (unless the Board itself should prefer to designate a different time) the 1st of August next, which will be with the close of the present quarter. In retiring from the post which I have held so long, I desire to express to the Board itself, and to all the members of it, my deep sense of the uniform kindness official and personal - which I have received at their hands, as at the hands of all others with whom my connection with the College has brought me into such intimate relations. With earnest prayer for yourselves, and for the success of the College, over whose interests you have been appointed to watch, I am, Yours truly, Ormond Beatty Prof. Beatty signified to the Board his willingness in accordance with its wish as expressed in the above resolution to withdraw his resignation. The Board having conferred freely and at great length relative to persons suitable to fill the office of President of Centre College, also as to persons suitable for Professors in same, appointed a committee of correspondence and inquiry as to such persons, with instructions to report to the Board at the annual meeting in June next. Edward P. Humphrey, Aaron A. Hogue and George W. Welsh were appointed this Committee. The question of selling certain classes of the permanent funds of Centre College and reinvesting proceeds in some other forms of security was raised and considered, and on motion Messrs. Ernst, Warren, and Scott, were �appointed a committee to investigate the various forms of public securities and report to the next meeting of the Board what in their judgment will be the best form of re-investment of funds of the College. On motion it was directed that the full amount of the rent of the President's house be paid to Prof. Ormond Beatty for his services as acting President of the College. Adjourned to meet at the office of the Financial Agent in Danville on the 22nd of June next. Ormond Beatty, Secretary Office of the Financial Agent, Danville, Kentucky. June 22, 1869 Board of Trustees of Centre College met pursuant to adjournment and was opened with prayer by the Rev. Aaron A. Hogue. Members present Rev. Edward P. Humphrey, D.D. (Chairman), Rev. John L. McKee, D.D., Rev. Thomas H. Cleland, D.D., Rev. Sidney S. McRoberts, Messrs. Levi L. Warren, George W. Welsh, Ormond Beatty. Minutes of the annual meeting of the Board in June last and also the minutes of the subsequent meetings in October and May last were read and approved. Letters were received from Messrs. Boyle, Ernst and Scott giving reasons for absence. The following communication was received from Messrs. Randolph, Nelson and Tevis, viz. To the Board of Trustees of Centre College We, the undersigned, desire to state to the Board of Trustees that we do not wish the relations we have sustained to the College the past few sessions to give them the least embarrassment in the work that is before them. Very respectfully James C. Randolph, Alfred B. Nelson, Charles C. Tevis The report of the Financial Agent was read and referred to Messrs. Warren and Welsh. Messrs. Cleland and McRoberts were appointed a committee to examine bonds, certificates of stock, etc. The report of the Faculty was read and approved and is as follows: The Faculty of Centre College beg leave to submit to the Board of Trustees, and through them to the Synod of Kentucky, the following report for the academic year ending June 24, 1869. The catalogue herewith presented will show that there have been during the year 43 students in the College Proper and sixty-seven in the Preparatory Department, in all 110. Four have completed their course, and are recommended for the degree of Bachelor of Arts, viz. Charles Lehman Hogue, Robert Boggs Lyle, Richard William McFerron, Andrew Planck. Nothing has occurred during the year specially to mark the habits of study or general conduct of the students. Some three or four of the students connected themselves for the first time with the church during the present year; two or three others were aroused to renew the vows which they had previously taken, but which had �apparently been forgotten by them. About 18 members of the College Proper are professors of religion; three of the Senior Class have the ministry in view, in connection with another branch of the church. The resignation of the President of the College, the Rev. William L. Breckinridge, D.D., is well known to the Board and to the Synod. He ceased to give instruction in the College classes about the first of November last. The usual course of instruction in his department was given in part by the remaining members of the Faculty, and in part by Dr. Yerkes who taught for four months. The general depressed condition of the College is so well known to the Board and to the Synod that we deem it unnecessary to make further allusion to it, or to the causes that have led to it. The whole subject of the election of a President and Professors and the reorganization of the College is, we are aware, already before the Board and will receive from it the consideration which the case deserves. The annual report of the Treasurer will show the financial condition of the College. Respectfully submitted, Alfred B. Nelson, Secretary The following degrees were conferred, viz. the degree of A.B. upon Charles Lehman Hogue, Robert Boggs Lyle, Richard William McFerron, and Andrew Planck of the Senior Class; the degree of A.M. on Champe Carter of the Class of 1861, James B. McFerron of the Class of 1862, and upon Alexander P. Humphrey, James Russel and William Yerkes of the Class of 1866; the degree of D.D. on the Rev. R. J. Branch of St. Louis and the Rev. John S. Hays of Louisville. The report of the Principal of the Preparatory Department was submitted to the Board and is as follows: To the Board of Trustees of Centre College In obedience to a resolution of the Board I herewith give a statement of the receipts and expenditures of the Preparatory Department of Centre College for the ten months ending June 18, 1869. Receipts from tuitions $1,478.65 Expenditures Cash paid and due to A. M. Burbank $354.75 Cash paid and due to James C. Randolph $100.00 Cash paid and due to Charles C. Tevis $200.00 Rent due $150.00 Cash for fuel $45.20 Janitor $32.00 Printing and advertising $21.00 Brooms, coal boxes, chalk, etc. $5.15 Cash to Principal $70.55 $1,478.65 There are uncollected tuition fees amounting to $430, of which about 60 percent will be collected. �Several students have been taught gratis, and a few were received at lower rates than those published. Respectfully submitted, Lucien H. Ralston, Principal The Board held a free conversation on the subject of the reorganization of the Faculty, but before reaching any conclusion adjourned to meet at 8 o'clock tomorrow morning. June 23, 1869, 8 a.m. Board reassembled. Rev. Richard Valentine appeared and took his seat as a member of the Board. A letter was received from the Rev. William L. Breckinridge, D.D., resigning his office of Trustee. The Secretary was directed to bring the matter to the notice of the Synod. Mr. McRoberts was continued as the Agent of the College to sell the Williams land, with instructions to sell the whole in a body or to divide it and sell in parcels as his judgment might dictate. The Building Committee was authorized and ordered to press to completion at the earliest practicable period the main College edifice. The Committee is directed to secure the services of a competent architect or superintendent who shall carefully draw all contracts, superintend and receive the work, etc., etc. The Committee is further directed to carry out the plan of building, the designs of which were furnished by Vogdes and Stancliffe, but with such modifications in details as they may deem necessary in its construction. The attention of the Committee is particularly called to the plan and material for the roof and to consider the question whether a better material than tin can be provided. The tuition in the Preparatory Department was fixed at $30 per annum with $5.00 contingent fee extra, payable semi-annually in advance. The consideration of the subject of the reorganization of the Faculty was resumed; whereupon the Rev. David C. Marquis was unanimously elected President. Mr. Salvador DeSoto was unanimously elected Professor of the Greek Language and Literature and Teacher of the Modern Languages. The Rev. James C. Randolph was unanimously elected Professor of Mathematics. The Board then adjourned to meet at 2:30 p.m. 2:30 p.m. Board reassembled. The Committee on the report of the Financial Agent made their report, which was received, adopted and is as follows: The Committee to whom the report of the Financial Agent was referred ask leave to report that said report was audited by Prof. Ormond Beatty and found correct. The increase in the Permanent Fund of $2,692 during the past year is from the investment of $5,000, collection of Kentucky bonds, and two Missouri bonds received for interest past due in Missouri bonds. �The turnpike stock amounting to $8,650 has paid $80 dividend the past year, of which amount $6,650 has paid no dividend. Your Committee recommend the sale of the Danville and Lancaster, Mercer County and Lexington, Paris, and Maysville Turnpike stock belonging to the College, and investment of the proceeds in productive stock. Your Committee recommends the sale of the stock in the Bank of Kentucky and Bank of Louisville after collecting the July dividends. We also recommend the collection as soon as practicable of the individual loan and the investment of said collection in good 7 per cent bonds and that the notes due the Building Fund be promptly collected. The expense of the College for the ensuing year, your Committee estimates at $9,250, viz. salaries of the President and four Professors $8,000, incidental expenses $1,250, and that the cash on hand $1,915 and income for the ensuing year will be sufficient to pay the estimated expenses. Levi L. Warren, Chairman The Financial Committee were directed and authorized to effect a sale of the part of the Preparatory lot which will be included in and lie south of Green Street extended through it, and George W. Welsh was appointed the Agent of the Board to make and convey title to same. Upon motion Mr. Jason Chenault was unanimously elected Professor of the Latin Language and Literature, Belles Lettres, etc. The Faculty of the College and the local members of the Board of Trustees were appointed a committee to fill temporarily all vacancies, whether occurring through death, resignation, or the declination of the Professors elect. The minutes were read and approved to this point. Messrs. John H. McKee and Ormond Beatty were appointed a committee on the subject of the Titles of the Professors just elected by the Board. The Committee reported as follows: Danville, Kentucky June 23, 1869 The President shall be styled President and Professor of Mental and Moral Philosophy, Evidences of Christianity, etc. Prof. Ormond Beatty shall be styled Vice President and Professor of Natural Philosophy, Chemistry, Geology, etc. Prof. Salvador DeSoto shall be styled Professor of Greek Languages and Literature and Teacher of Modern Languages. Prof. James C. Randolph shall be styled Professor of Mathematics. Prof. Jason Chenault, Professor of the Latin Languages and Literature, Belles Lettres, etc. The report was adopted. The following paper was also adopted: �Resolved, 1. 2. 3. That while it shall be the duty of each Professor to have general supervision, as heretofore, of his own department according to the provisions of the Charter of the College and the laws adopted by this Board under it, and the duty of the President, besides his own department, to have general supervision of the whole College, it is hereby expressly declared that it shall be the duty of each member of the Faculty, under the direction of the whole body, to render any instruction that may be necessary in any department. The hours of instruction shall be equally distributed among the Faculty as follows. The President of the College, will be expected to render, if necessary, two hours instruction per day, in addition to the ordinary duties heretofore discharged by him, such as the religious instruction of the students, correspondence, etc. The Professor of Chemistry and Natural Science will be expected to teach three hours per day. The outside work in the way of preparation for experiments in his department, being considered equivalent to one hour's instruction per day. Each of the other Professors will be expected to teach four hours per day. This resolution is not intended to require at all times so many hours of actual instruction on the part of the teachers, but they shall be required to render this instruction if necessary. In case of doubt as to the member of the Faculty upon whom any duty shall devolve, the question shall be settled in the same manner as any other Faculty business, subject to the revision of this Board. In case of the death, resignation, or absence of any member of the Faculty, the duties of his department shall be distributed as equally as possible among the remaining members of the Faculty. It shall be the duty of the Faculty at their earliest convenience to prepare and arrange a detailed scheme of study, and to distribute the different branches among the Professors, in correspondence with the chairs they fill. The Board earnestly recommends to the Faculty to examine the present curriculum of study in the College Classes, and to endeavor, as far as practicable, to enlarge the course so as to meet the advanced requirements of the present day. The Secretary was directed to inform the appointees of their election, and to assure them that it is the opinion of the Board that the absent members would approve its action in their cases, and make their appointment permanent, whenever a sufficient number of the members of the Board should convene. The subject of fixing the salary of the Principal of the Preparatory Department and of arranging all matters touching the instruction, the conduct, and general management of this school during the year was referred to the Faculty and local members of the Board with authority to act in the case. The Committee on bonds, etc., made the following report which was accepted by the Board. Your Committee appointed to examine the notes, coupons, certificates of stock, etc., report that they have examined the same carefully and find them to exactly correspond with the report of Financial Agent. Thomas H. Cleland, Sidney S. McRoberts It was moved and adopted, that when the Board adjourns it shall be to meet at 5 o'clock p.m. on the 2nd day of the meeting of the Synod (October 14, 1869) at Louisville, Kentucky. The Faculty and local members of the Board were directed to see what could be done to secure cheaper boarding for the students. �The Financial Committee was directed to procure the services of a landscape gardener to lay out and adorn the College grounds. The same committee is also authorized to buy at their discretion the Bailey lot. Closed with prayer. Ormond Beatty, Secretary Report of the Financial Agent of Centre College for the year ending June 1, 1869 This report is contained in papers herewith presented and marked A, B, C, D, and E and closes the accounts on June 1, 1869. Since the last report, the over-due Missouri coupons have been collected, except a fractional interest in one coupon of $30, amounting to the sum of $2,279. Of this sum $2,000 were collected in the form of two new Missouri State bonds and the balance $279 in cash. In June 1868 the note of James Barbour for $134.28, with $115.22 interest thereon was collected and with the proceeds the scholarship of James Barbour was extinguished, and a relinquishment of the same obtained to the Trustees of the College on specified conditions. In December 1868, the five Kentucky State bonds belonging to the permanent fund amounting to $5,000 were cashed and the proceeds re-invested in six Louisville City seven per cent bonds each for $1,000. These bonds were purchased at the rate of 85 cents. Also there has been collected a note of J. M. Meyer $659, principal belonging to the Permanent Fund. The note of George Lee for $5,500 and due to the Building Fund, has been renewed and divided into two notes of equal sums each for $2,750.00 and made negotiable and payable to Central National Bank, Danville, Kentucky, one due October 1, 1869 and the other due January 1, 1870. In February 1869, 8 U.S. 5-20 bonds each for $1,000 and of the Class of 1862, and belonging to the Building Fund were exchanged for 8 U.S. 5-20 bonds each for $1,000 at a profit of $300 - less express charges. The papers herewith presented contain the necessary information as to the income and expenditures of the College and the present condition of the Funds. Respectfully submitted, Robert A. Johnstone, Financial Agent [The detailed financial report for 1869 follows. A typed transcription can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1869.pdf] Louisville October 14, 1869 Board of Trustees of the Centre College met pursuant to adjournment and was opened with prayer by the Chairman. Present Rev. Edward P. Humphrey (Chairman), Revs. John L. McKee, D.D., Sidney S. McRoberts, William �C. Matthews, D.D., John F. Coons, Thomas H. Cleland, D.D., Aaron A. Hogue, Richard Valentine, Messrs. Thomas Barbee, Tyler T. Alexander, Levi L. Warren, James H. McCampbell, Ormond Beatty. A letter from the Rev. D. C. Marquis declining the Presidency of the College was read and ordered to be put on record and is as follows: Chicago, Illinois. August 9, 1869 Prof. Ormond Beatty, Secretary of the Board of Trustees of Centre College, Danville, Kentucky Dear Sir After careful and prayerful deliberation I feel constrained, from motives of duty, to decline the high and honorable position of President of Centre College tendered me by its Trustees through you its Secretary. The importance, attractiveness, and prospective usefulness of the position (considered apart from present circumstances) appeal so strongly as to render it necessary for me to state the reasons which impel me to this decision. This I will do as briefly and explicitly as I can. 1. 2. 3. The ecclesiastical relation of the College is such as to alienate from it the sympathy and support of the dominant Presbyterian influence of the South. Its geographical location destroys the hope of any extended patronage from the North. These facts (in my view) leave no prospect of enlarged success in the work except such as may arise from the promise of reconciliation between the present and former supporters of the institution. My visit to Kentucky was for the purpose of ascertaining the prospect of such reconciliation. I am sorry to say that I saw nothing to encourage hope in this direction. To accept the position under such circumstances would only be to make myself a party to the controversy, as between the assembly and the Declaration and Testimony brethren. For this I have no heart, as at this late day I see nothing in it that need separate the church in Kentucky. My right to the office, as elected, must depend upon the constitutionality of the Assembly's exscinding acts of 1866. My tenure of office must depend upon whether the validity of those acts can be established before the civil courts. In order to hold the position consistently, therefore, I must become, virtually, a justifier and defender of a law of the church which I did then, and do now, most heartily disapprove. For these reasons I feel constrained to decline. If any plan of operation could be devised by which I could be assured of the cordial support of Kentucky Presbyterians, Northern and Southern, my decision might be different. If, by a change in the Charter, a selfperpetuating Board of Trustees could be appointed, irrespective of ecclesiastical connection or political opinion, or if the Board of Trustees could be nominated by the two Synods of Kentucky, each in proportion to its numerical strength, it might obviate the difficulty. I merely offer the suggestion. Will you please carry to the Board of Trustees my high appreciation of the honor conferred upon me and express to them my gratitude for this expression of their confidence and esteem. With sincere regard, I remain, very truly Your Brother D. C. Marquis �As there were not enough members of the Board present at the regular meeting in June to make a permanent appointment of a Professor, it was moved that the Board now proceed to vote an approval and confirmation of the Professors elected at that time. Whereupon Profs. Salvador DeSoto, James C. Randolph, and Jason W. Chenault having each received the unanimous vote of all the members present (thirteen) it was declared that their appointment was confirmed, and that they are permanently elected to their respective Chairs to which they had been temporarily assigned at the meeting in June last; and the Secretary is directed to call their attention to the oath of office which they are required to take. Board adjourned to meet at the office of the Rev. John L. McKee at 7:30 o'clock. 7:30 p.m., Board reassembled. After a free conversation upon the subject of a President for the College, Prof. Ormond Beatty and Dr. Edward P. Humphrey were appointed a committee of correspondence who were directed to make such inquiries by correspondence and otherwise, as they might be able in reference to a suitable person for the Presidency, and at the earliest period at which they could obtain any satisfactory information to call a meeting of the Board to consider it. The Board directed the Treasurer of the College to pay any necessary expenses that might be incurred in conducting the inquiry. The Faculty of the College and local Board were directed, in the meantime, to employ Dr. Yerkes, or in case he could not be secured, some other suitable person to assist in instructing the classes. The following resolution was then adopted. It is ordered that William Ernst, John G. Barret, and Tyler T. Alexander be appointed a committee to take into consideration and report at the next meeting of the Board the propriety and necessity of supplementing temporarily the salaries of the President and Professors of the College and if deemed necessary to report some plan for that purpose and also the propriety of raising an additional permanent fund for the College, and the means of doing the same. The following order in relation to the Building Committee was adopted: It is ordered that the Building Committee, or any three of them, be authorized and fully empowered to sign and execute the contract or articles of agreement made with the contractors for the new College Building and to do and prepare all things lawful and proper in regard to the aforesaid contracts, which the Board itself might do, and to be as binding and obligatory on the Board as if executed by itself. The Standing Committees were appointed and are the same as those of 1868, except the name of J. A. Jacobs was substituted for that of William L. Breckinridge on Committee of Finances and the name of William L. Breckinridge omitted from Building Committee. Adjourned to meet at the office of the Financial Agent in Danville at 5 p.m. on Tuesday before the last Thursday of June (28th) 1870. Ormond Beatty, Secretary At a meeting of the Synod of Kentucky, held in the city of Louisville on Friday October 14, 1869, the following persons were elected Trustees of Centre College, viz. Stephen Yerkes, James T. Lapsley, John B. Temple, James P. Hendrick, William J. McKnight, Lorenzo H. Noble, and Heman H. Allen to serve three years or until October 1872. John S. Hays was also elected a Trustee to serve for one year in the place of Rev. Dr. William L. Breckinridge. �Attest, Sidney S. McRoberts, Stated Clerk of the Synod of Kentucky The above is a true copy of the certificate of Rev. Sidney S. McRoberts, Stated Clerk of the Synod of Kentucky, in reference to the election of Trustees by the Synod at its meeting in October 1869, in the city of Louisville. Ormond Beatty, Secretary Danville, Kentucky. June 28, 1870 Board of Trustees of Centre College, pursuant to adjournment, met in the office of the Financial Agent. Members present Rev. Thomas H. Cleland, D.D., Rev. William J. McKnight, Levi L. Warren, John B. Temple, Rev. Hemin H. Allen, John S. Hays, D.D., Ormond Beatty. In the absence of the Chairman of the Board, the Rev. Thomas H. Cleland was on motion appointed pro tem, Chairman, and on taking the Chair opened the meeting with prayer. The rd minutes of the regular annual meeting of the Board held in Danville June 22nd and 23 in 1869, and the minutes of the meeting held October 14th in Louisville, were read and approved. The report of the Financial Agent was read and received and committed to Levi L. Warren and John B. Temple for examination. The Board then adjourned to 8:30 o'clock tomorrow morning. Board reassembled. Rev. James P. Hendrick and Rev. Stephen Yerkes D.D. appeared and took their seats as members. Letters were received from Messrs. William Ernst and John T. Boyle giving their reasons for nonattendance and the Secretary was directed to make note of it on the minutes. Prof's. Salvador DeSoto, James C. Randolph and Jason W. Chenault presented certificates of having taken the oath of office required by the Charter when entering upon the discharge of the duties appertaining to their office as Professors. A letter from General J. T. Boyle was read, proposing a settlement of certain Building Fund notes that he owed the College by the relinquishment of two perpetual scholarships which he holds, and also offering as a donation to the Board a bond for $1,000 No. 414 of the Evansville, Henderson and Nashville Rail Road Company, bearing 7 percent interest payable semi-annually, to establish the Henry Barret Boyle Prize Class of 1872 of the College of New Jersey. The whole subject was referred to a committee, viz Messrs. Hemin H. Allen and James P. Hendrick with instructions to bring in a suitable minute. The annual report of the Faculty of the College was read, received, and approved, and ordered to be spread in the minutes and is as follows: The Faculty of Centre College would respectfully submit to the Board of Trustees, and through them to the Synod of Kentucky, their annual report as follows: It is already known to the Board that Mr. Marquis, who at its last annual meeting was elected President, has declined the appointment. The studies falling to the department of the President have been taught in part by other members of the Faculty, but chiefly by Dr. Yerkes, who kindly lent his aid in the work of instructing the College classes. �Profs. DeSoto, Randolph and Chenault, having accepted the Chairs to which they were elected, entered upon their duties at the beginning of the session and have discharged them up to the present time. The only material change in the course of study is in the introduction of the French and German Languages. An opportunity is now furnished the students to study these languages and during the past year quite a number have taken advantage of it. With comparatively few exceptions the students have been diligent in their studies and have made commendable progress. The Faculty would recommend for the Bachelor's degree the following young gentlemen members of the Senior Class, viz. William M. Duncan, William S. Hogue, Lewis S. McMurtry, George Moore, Henry C. Rodes, William Turner. In the religious condition of the College there is little worthy of special remark. Some five or six young men are preparing for the ministry and the general tone of morals in the College has been good. The Faculty regret to state that they were compelled to separate from the College several young gentlemen who were neglecting their studies. The accompanying annual catalogue herewith submitted, will show that the number of students In the College Proper is 60 In the Preparatory 60 Total 120 An increase in College Proper of 17 A decrease in Preparatory of 7 Leaving a total gain of 10 All of which is respectfully submitted. Messrs. Hays and Warren were appointed a committee to examine the bonds, certificates of stock, etc., in the keeping of the Financial Agent and to compare them with his report. Rev. James T. Lapsley offered his resignation as a member of the Board of Trustees, whereupon the Secretary of the Board was directed to call the attention of the Synod to the fact. Messrs. Levi L. Warren, Edward P. Humphrey and John B. Temple were appointed a committee of investment, to whom was committed the subject of making permanent investments of the College funds. The sale of 82 shares of the Bank of Louisville stock and the purchase of 41 Davies County bonds, each $100, and of 5 Louisville Canal bonds, each $1,000, was approved and ratified by the Board. The report of the Committee on the Financial Agent's report was read, received and adopted and is as follows. The Committee to whom was referred the Report of the Financial Agent respectfully report that they have made such examination of the various statements submitted to them as the time at their disposal has enabled them to do. They feel constrained to say that the statements are not altogether as intelligible as might be desired, but they gather pretty clearly the following facts: �According to the report of 1869 the invested Permanent Fund account was $106,543.02 which was increased during the year by the purchase of 41 Davies County bonds of $100 each $4,100.00 and of 5 canal bonds of $1,000 each $5,000.00 Gross total investments $115,643.00 But there has been converted of the investment 83 shares of Bank of Louisville stock par $8,200.00 and collected of J. M. Meyers note principal $213.68 $8,413.68 Leaving investments $107,229.34 But the report states that an examination made since date of last report the accounts of individual notes is found by actual inspection of notes to be short $2,321.68. But it is evident from the face of the report that this is an error to the extent of Meyer's note paid $213.68 $2,108.00 Admitting this deduction the invested fund on bonds are $105,121.34 The cash on hand belonging to Permanent Fund, as appears from Paper B Section 4, at the beginning of the year was $578.44 Add Meyers note collected $213.68 Add proceeds of 82 shares Bank of Louisville stock $7,257.00 Making balance from last year's other cash receipts $8,049.12 Of this amount invested in 41 Davies County $100 bonds $3075.00 In 5 $1000 canal bonds $4162.50 $7,237.50 Leaving cash belonging to this fund, the immediate investment of which is recommended $8,811.62 Your Committee also find that there has been received from rents, interest on bonds, and notes of bond and dividends on stocks, together with tuition fees $6,666.28 From Overton Estate $300.00 Income of Theological Fund $453.27 $7,419.55 Add cash balance of Overton Estate $206.80 Add cash balance miscellaneous income $1,502.78 Total $9,129.13 There have been expended for salaries, contingent expenses, improvements and repairs $8,340.94 Amount paid to Danville Theological Seminary $453.27 Balance in hand from this source $8,794.21 $334.92 Balance cash of Permanent Fund $811.62 Balance cash of income $334.92 Making cash balance total $1,146.54 which agrees with the Agent's balance Your Committee has not compared the account of credits with vouchers or the investments with the evidences thereof, not being in possession of the means to do so. Your Committee invite the attention of the Board to the �discrepancy in the account of individual notes and the reduction of the Permanent Fund by dropping out a considerable amount without explanation. The Committee is informed that the matter is susceptible of a full and satisfactory explanation of which they do not doubt, but suggest that fidelity to the trust committed to it, and a due regard to the Agent himself, requires that the Board should have some explanation on its records. Your Committee finds that last year an item of $250, J. Barbour's Scholarship, appears as a part of the investments of that year while no further account is taken of the matter. A number of such settlements of individual notes will doubtless account for the aforesaid discrepancy. In view of all the facts the Committee recommend that the report be referred to an auditor to restate the accounts and account so far as can be done for the discrepancy between the notes now on hand and those which have, heretofore, been embraced in the lists of assets. Your Committee would also recommend that the auditor be requested to report a more clear method of statement, in detail by classes, of the different items of investment, including a complete list from year to year of the individual notes on hand. Your Committee does not concur in the recommendation of the Agent to invest in Missouri County bonds, but would recommend an authority to the Committee on investments to convert all bank stocks belonging to the College, and the collection of all private notes and investments in regular dividend paying bonds. The Committee have been unable to make a very critical examination into the accounts of the Building Fund, but would recommend these changes - that all increase of the fund, from interest or whatever source, be added to the principal of that fund, and that all expenditures be stated under the head of cost of construction or improvements. Respectfully submitted The following resolutions were also adopted by the Board, viz. Resolved that Ormond Beatty be appointed a committee to audit the accounts of the Financial Agent for the past year and as far back as he may deem necessary, and that he and the Financial Agent be authorized to employ the services of a bookkeeper if they deem it necessary to aid in simplifying their form and to report to the Board at its first meeting. Resolved that the Committee on Investments be authorized, when to them it may seem advisable, to sell and reinvest any of the following securities held by the College: Covington and Lexington Rail Road bonds $8,000.00 Kentucky Bank stock $10,100.00 Farmers Bank stock $4,000.00 Northern Bank stock $3,300.00 $17,400.00 All turnpike stocks $8,640.00 Tennessee bonds $9,000.00 The Board orders and hereby authorizes and directs the Financial Committee at its discretion to purchase from Mr. Rodes the Baily lot. Resolved, when the Board adjourns, it will adjourn to meet at 3 o'clock this afternoon, and the first order of business after recess shall be the subject of the Presidency of the College. �It was stated that the Financial Committee had effected a sale of a portion of the lot on which the Preparatory Building stands to Ormond Beatty and if it approved the sale, the Board was requested to make an order directing a conveyance to be made: whereupon it is ordered that Edward P. Humphrey, the Chairman of the Board, be directed and is hereby authorized to convey to Ormond Beatty, in such way as the Charter of the College requires, a title to the ground purchased by him. The committee appointed to examine certificates of stock, bonds, etc., reported that they had made this examination and found them to correspond to the statement in Financial Agent's report. The following resolution in reference to a President of the College was adopted, viz. Resolved, that the Committee heretofore appointed to correspond and inquire in reference to a President be continued, and requested to prosecute their work with the utmost diligence; and when the Board adjourns it will adjourn to meet at the call of the Chairman, at such time and place as he may designate, for the purpose of electing a President of the College if the way be clear. The Committee to whom was referred General Boyle's letter and proposition, introduced the following paper which was adopted, viz. The Board of Trustees, having received a communication from General Boyle of Louisville, Kentucky, proposing to relinquish the two scholarships in the College held by him, with certain conditions annexed; and also donating to the Trustees a one thousand dollar first mortgage bond of the Evansville, Henderson and Nashville Rail Road Company, to be held by this Board as the foundation of a "Prize" to be called the "Henry Barrett Boyle Prize, Class of 1872, College of New Jersey." The Board hereby accepts Mr. Boyle's proposition according to the terms stated in the communication above referred to, and which is recorded below as a part of this minute, and directs its Chairman to convey to him in appropriate terms, its thanks for his generous donation. The Financial Committee is hereby authorized to receive from Mr. Boyle the scholarships referred to, and, thereupon to surrender to him his notes for $500 given to the Building Fund and charge the same to the Permanent Fund. The Faculty of the College is directed to take steps at once to carry out the purpose of Mr. Boyle in reference to the "Prize." The following is Mr. Boyle's communication referred to in the foregoing minute: Louisville June 18, 1870 Rev. Edward P. Humphrey, D.D., President of Board of Trustees of Centre College Dear Sir I hold two scholarships in the Centre College. I have held them since 1853. I executed to the Centre College my individual note for, I believe, the sum of $500. There is probably some small amount paid by me on it and credited �on the note. I am entitled to credits for legal services in attending to cases against Alexander Sneed, William Dod, in matter of Overton's will, case against Fishback, etc., probably to amount of half the note. Now I propose to settle the note and establish a Prize for the Sophomore Class in memoriam to my son Henry Barrett Boyle, in manner explained in the communication accompanying, and if the same is agreed to by your Board, I desire the proper entries on the record of the proceedings of the Board. I propose to surrender the scholarships in cancelment of the note or whatever balance may be owing on it, reserving the right to educate any of my children free of all tuition fees or charges. The note to be cancelled and surrendered to me. I propose to establish, by donating to the Trustees of Centre College, one of the first mortgage bonds of the Evansville, Henderson and Nashville Rail Road Company for $1,000s, bearing seven per cent interest per annum, a Prize for the Sophomore Class, to be known and called the "Henry Barret Boyle Prize" in memory of my son of "the Class of 1872, of the College of New Jersey", killed by rail road accident on the 5th January 1870 at Milton, Pennsylvania. The first prize to be awarded in 1872 at the Commencement of that year to such member of the Sophomore as may be deemed by the Faculty most deserving, under the terms mentioned in the donation. The "Prize" I desire to be "medal" in such form as may be fixed by the Trustees or Faculty, with inscriptions upon it. I would suggest for the first Prize of 1872 a watch, with the inscriptions. All this I leave entirely discretionary with the President and Faculty of the College or of the Trustees. The 1st mortgage bond of the Evansville, Henderson, and Nashville Company herewith handed you, No. 414, you will see bears 7 percent interest payable semi-annually 1st of July and January of each year. The coupon for interest due July 1st 1870, you had better cut off and send to Bank of America for payment. There is no doubt that these bonds are as valuable as any bonds of any railroad in the State. There is but one mortgage for one million of dollars, which is very little over $10,000 per mile, while on almost all the roads within the state they have mortgage for $20,000 per mile. The bonds of the E. H. and N. R.R. Company have not a fixed and established value, but are intrinsically equal in value to any railroad bonds. I gave for this and some other of these bonds 85 in the 100, but most of those sold were sold for 80 cents. I regret that important business calls me away and that I cannot be present at the June meeting of your Board, when I would have explained this matter and my views more fully. I think, however, they will sufficiently appear from these papers. I beg to say that I do not wish this action of mine, if it is approved by your Board, to be given any other publicity than the proper advertisement of it in your annual publications for notice to students and others desiring to enter as students. I have great aversion to any parade of such matters before the public, especially under the circumstances of this case, when they cannot be urged as an example both from its nature and amount. I believe you fully appreciate my views and feelings in this regard. Requesting your attention to the matter, and hoping for a satisfactory and most useful and beneficial meeting of the Board, I am very truly, with sincere respect and friendship Your obedient Servant, John T. Boyle The following is the communication referred to in Mr. Boyle's letter and accompanying it: �Donation of a $1,000 bond of the Evansville, Henderson, and Nashville Rail Road Company to the Trustees of the Centre College of Kentucky at Danville, to establish the Henry Barret Boyle Sophomore Prize. I hereby donate and give to the Trustees of the Centre College, at Danville, Kentucky, one first mortgage bond of the Evansville Henderson and Nashville Rail Road Company, number 414, for one thousand dollars, bearing 7 percent interest per annum, payable semi-annually the first day of July and January of each year, at the Bank of America in the City of New York; to be held in trust and the interest thereon to be applied annually or biennially, to establish a prize to be known and called the "Henry Barret Boyle Prize, Class of 1872, of the College of New Jersey." The Prize herein provided for, and intended hereby to be established, shall be awarded by the President and Professors of the College to that member of the Sophomore Class of each year, from and after the year 1872, who shall have and exhibit the greatest proficiency and accuracy of knowledge of the Latin language to end at the close of the Sophomore year, and the said Prize shall consist of such medal or thing as may be selected by the Board of Trustees or the Faculty of the College, bearing a proper inscription declaring the merit and excellence deserving it, with the name of the person to whom awarded and the name of the prize - Henry Barret Boyle Prize - Sophomore Class - Centre College and such other device or inscription as the Faculty may deem appropriate. If composition, declamation and elocution shall be adopted as studies to be pursued in the Sophomore year, I desire that the prize shall be awarded for excellence and superiority of attainment in these branches in lieu of proficiency in the Latin Language. The donation hereby made shall be held in trust, sacredly for the establishment and perpetuation of the Henry Barret Boyle Prize in Centre College, for the Sophomore Class of that institution, but the power is conferred, hereby, on the Trustees, and reserved by me to change and designate a different study or pursuit in the College course for superior excellence in which the said Prize may be offered and awarded. It is desired that the Prize hereby established, shall be awarded in the form of a "medal" or something ornamental and useful, to be worn on the person, capable of being inscribed, but may be in the form of books when preferred, with the inscriptions printed thereon. And the prize and the name of the successful claimant thereof shall be announced at Commencement by the President of the College or other officer delivering the diplomas to the graduating class. In testimony whereof I hereunto sign my name and deliver the bond herein named to Rev. Edward P. Humphrey D.D., President of the Board of Trustees of the Centre College of Kentucky in Danville. Done this the 18th day of June 1870 in the city of Louisville. John T. Boyle The following degrees were conferred by the Board, viz. The degree of D.D. upon Rev. R. D. Morris of Oxford, Ohio and upon Rev. Thomas R. Welch of Little Rock, Arkansas. The honorary degree of A.M. on Rev. Robert Caldwell of Boyle County and in course upon Thomas P. Barbour of the Class of 1855, Thomas H. Drake of the Class of 1857, James J. Lucas of the Class of 1865. The degree of Ph.D. upon the Rev. S. H. Thompson of Hanover College, Indiana, and the degree of A.B. upon William McKee Duncan, William S. Hogue, Louis S. McMurtry, George Moore, Henry C. Rodes, and William Turner, all members of the graduating class. �The Building Committee made a report showing the progress of the Building. The following paper in relation to the Preparatory Department of the College was adopted, viz. Resolved, that the action of the Faculty and local members of the Board in the employment of teachers of the Preparatory School be and is hereby approved, and the Faculty of the College are authorized and empowered to make the best arrangement in their power to promote the success of that school and secure in that way what they may deem the best interests of the College. A statement was made that a small building belonging to the College was now occupied by four young men, candidates for the ministry, who are without means; it was ordered that they be permitted to use the same without rent, but be required to keep the rooms in order and the building in repair without cost to the College. By resolution of the Board the rent of the President's house was ordered to be paid to the Vice President. Prof. Beatty stated that he had received but $100 of this rent, which he had used partly in travelling expenses in the service of the Board and partly in the purchase of chairs and other conveniences for the students. He declined to accept any portion for his personal benefit, but requested permission to use any part of the remainder due to him in such way as he might deem best for the advantage of the students and the College. The request was granted by the Board. The Board then took recess until tomorrow morning at 8 o'clock. June 30th, Board reassembled The order of the Board, heretofore made, directing and authorizing the Faculty of the College to supply any instruction that may be needed, by reason of any death, resignation, or other disability of any teacher or teachers occurring or existing, during the recess of the Board is hereby renewed. It was ordered that the Rev. Edward P. Humphrey, Rev. James P. Hendrick and John B. Temple be appointed a committee to prepare a brief address to the friends and patrons of sound learning, presenting the claims of Centre College for their patronage. The Standing Committees of the Board were reappointed. The minutes were read and approved, and the Board adjourned (unless called at an earlier date by the Chairman) to meet in the office of the Financial Agent in Danville at 5 o'clock p.m. on Tuesday before the last Thursday in June 1871. Closed with prayer. Ormond Beatty, Secretary �Louisville, Kentucky September 1, 1870 Pursuant to a call by the Chairman, the Board of Trustees met in the study of Rev. John H. McKee in Louisville. Members present, Rev. Edward P. Humphrey, D.D. (Chairman), John B. Temple, William Ernst, Rev. William J. McKnight, D.D., Levi L. Warren, James M. McCampbell, John T. Boyle, John W. Scott, Thomas H. Cleland, Ormond Beatty. On motion it was ordered that, hereafter, until further order the College term shall open on the 1st Monday in September. Mr. Beatty having left the meeting of the Board at the suggestion of the Chairman, privately given, Dr. Thomas H. Cleland was appointed Secretary pro tem. The subject of the Presidency was taken up, and the Board after mature deliberation elected Prof. Ormond Beatty to the office of the President of the College by a unanimous vote. The following minute of the election was then unanimously adopted. The Board having heretofore been deterred from tendering to Prof. Beatty the Presidency of Centre College by his known reluctance and opposition to occupying that position, and believing that the interests of the College demand that he should withdraw or waive his objections and accept the office of President to which he has now been unanimously elected, hereby appoint the Chairman and Secretary pro tem a committee to inform him of his election and urge his acceptance of the office. And then the Board adjourned to meet in Frankfort on Thursday, October 13, 1870 at 7:30 p.m. Frankfort, October 13, 1870 A few members of the Board met pursuant to adjournment, but a quorum not being present the Board adjourned to meet at 6 o'clock p.m. in the office of the Financial Agent in Danville on Tuesday before Commencement June 27, 1871. Ormond Beatty, Secretary Report of the Financial Agent, June 28, 1870 This report is made up of the usual parts, to wit: Balance Sheet - a statement of the funds belonging to the College; Cash Account - an exhibit of the Building Fund, and also an exhibit of the Theological Fund of Centre College. The several parts are given in papers A, B, C, D, and E. In February last the stock of the Bank of Louisville belonging to the College and consisting of 82 shares of $100 each amounting to $8,200 face value was sold for $7,257, in which sale a loss was sustained in amount of $943, and the proceeds were reinvested in 41 Davies County bonds of $100 each. Also in 5 Canal bonds, Louisville, of $1,000 each, by which there was gained $1862.50 making a net gain to the funds of the College of something over $900, counting the face value of the stocks. The expenditures of the College have exceeded the income this year by $1374.66 2/3. There was, however, on June 1, 1870, a balance of $1146.53 1/3 in the Treasury, and since that date a considerable amount of tuitions then due has been paid into the Treasury of the College. Since the last financial report an examination has been made into the condition of the individual notes belonging to the Permanent Fund, and the true amount of said notes ascertained and stated in this report at $7497.37. Of these notes those of Baily and Mitchell, of J. M. Meyer, J. P. Fisher, F. T. Fon, Mrs. J. C. �Fry, B. M. Hall, A. G. Hodges, W. C. Lyle, C. Rhodes, R. Taylor, and John Yeiser are supposed to be good, while the remainder, amounting to about $1364.14, are considered valueless. In previous reports the amount of these notes has been stated considerably above their present ascertained value, and owing to this fact in connection with the excess of expenditures above income this year, we have to report something of a decrease of the Fund since June 1st 1869. A very small amount of tuitions in Preparatory had been paid on June 1, 1870. In the statement of expenditures, an item of extra expense of $100 is mentioned. This was paid out of the rent of President's house and the expense was incurred by the Vice President of the College, partly in services in the public interests of the College at a distance from home, and partly in affording aid to indigent students in the College. The entire rent of said house was directed by the Trustees at their last meeting to be paid to the Vice President of the College in consideration of his services as Vice President. But he has declined to receive any portion of said rent as salary and used the afore mentioned $100 as aforesaid. The state of Tennessee has paid no interest since January 1869. It is hereby suggested that the funds of Centre College and the income from the same may be very much increased by selling old bank stocks and all U. S. bonds now belonging to said funds and reinvesting proceeds in certain classes of Missouri County bonds that can be purchased on favorable terms. Respectfully submitted, June 28th 1870, Robert A. Johnstone, Financial Agent [The detailed financial report for 1870 follows. A typed transcription can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1870.pdf] The committee appointed to audit the last Financial Report (June 1870) and in connection with the Financial Agent to report a more accurate method of keeping the accounts would beg leave to report in part as follows, viz. in reference to the discrepancy between the individual notes reported and those found in the hands of the Financial Agent. In the first place we have found on 339th page of the ledger in handwriting of Mr. Allen, the late Financial Agent, a list of Bills Receivable, which after deducting the credits entered by himself on the same page, amount to the sum of $12,315.88, which is the exact amount report by Mr. Allen in his last annual report. We are therefore confident that we are correct, at the point where we begin our investigations. append, herewith, a list of these notes, after deducting the credits. Caldwell, Lee and others Mary Biswell Walter Bullock and wife J. Barbour A. Bonta J. P. Fisher J. T. Fox W. N. Fishback $4,000.00 $500.00 $250.00 $134.78 $75.00 $500.00 $553.47 $500.00 $350.00 Brought forward John S. Hoskins W. C. Lyle F. G. Montgomery Overton and Whitney Clifton Rodes Alex. Sneed R. S. Taylor James Weir $7,697.89 $62.50 $500.00 $250.00 $250.00 $500.00 $500.00 $125.00 $1,200.00 �J. C. Fry J. F. Green B. N. Hall J. W. and G. L. Harbison A. G. Hodges Total $84.64 $250.00 $250.00 $250.00 $7,697.89 M. G. Younce Jno. Yeiser Younce, Henderson and Rice Balance of J. H. Irvine Total $981.36 $100.00 $143.00 $6.13 $12,315.88 We have endeavored to trace the history of each one of these notes and for the purpose of exhibiting the facts more clearly we classify them. Class 1 Notes on Hand June 1, 1870 J. M. Meyer Bailey and Mitchell (p. $1,230.27) Interest on same ($52.92) J. P. Fisher F. T. Fox Mrs. J. C. Fry B. M. Hall J. V. Harbeson Forward $1,729.04 $1,283.19 $500.00 $535.00 $350.00 $250.00 $250.00 $4,897.23 Brought forward A. G. Hodges W. C. Lyle Overton and Whitney Clifton Rodes R. S. Taylor Jno. Yeiser Total, Class 1 $4,897.23 $250.00 $500.00 $250.00 $500.00 $125.00 $100.00 $6,622.23 Class 2 Settled, but not fully credited by Mr. Allen Walter Bullock and wife F. G. Montgomery Total Class 2 $250.00 $250.00 $500.00 These notes were each originally for $500 and were settled by the payment of one-half, viz., $250 and the relinquishment of the right of Scholarship in discharge of the other half. They were entitled each to a credit of $500 but in fact were credited by only $250 the amount of cash paid, and thus the list of notes is swelled, by the amount of $500, too high. Class 3 Notes placed in Attorney's hands and for which receipts were taken and are now held; and are of little or no value. Alfred Bont., Mr. Boyle J. F. Green Jno. S. Hoskins $75.00 $84.64 $62.50 Wm. Fishback, Pulaski court Younce, Henderson and Rice Quisenberry J. H. Irvine-released by Board Total Class 3 $500.00 $143.00 $6.13 $871.27 �The parties against whom these notes are held are all insolvent except the estate of J. G. Green. A small sum may also be received from Hoskins who has gone into bankruptcy. The remainder are regarded as worthless. The notes were all either donations or for rent. Class 4 Notes paid in full Mary Boswell M. G. Younce J. Barbour Alex. Sneed James Weir Total of Class 4 $500.00 $981.36 $134.78 $500 $1,200.00 $3,316.14 Ledger page 99 Ledger page 22 Ledger page 46 Ledger page 30 Ledger page 41 Class 5 Partial payments (1) Caldwell, Lee and others. This note has never been paid in full, but has been in part exchanged for others, viz., for the notes 1 and 2 of Class 1. The following partial payments have been made: By J. E. Lee, May 1st 1867, Ledger page 27 By J. E. Lee, Nov. 1st 1867, Ledger page 27 By Dr. Meyer, see sec. Book page 167 By Dr. Meyer, see last report Financial Agent (1870) Total paid on this note $82.84 $84.82 $659.35 $213.68 $1,040.69 (2) By F. T. Fox principal paid $118.47 $1,059.16 Recapitulation Class 1 Notes on hand Class 2 Settled but not credited by Mr. Allen Class 3 In Atty's hand or insolvent Class 4 Paid in full Class 5 Partial payments Deduct interest included in Bauley's note Total $6,622.23 $500.00 $871.27 $3,316.14 $1,059.16 $12,368.80 $52.92 $12,315.88 It will be observed that partial payments on the note of Caldwell, Lee and others (Class 5) amount to the sum of $1,040.69. The sum of the two first notes in Class (1) which, in changed form, represent the note of Caldwell, Lee and others amounts to $3,012.23 Total $4,052.92 �As the original note was for $4,000, we have placed the excess, viz. $852.92 to the account of interest and deducted it from the total sum of the five classes and it leaves the precise amount reported by Mr. Allen. It will, however, be proper to say, in examining all the entries of partial payments on this note of Caldwell, Lee and others, we could not always distinguish between interest and principal and in attempting to review the calculations of interest due at the several times of payment, we could not always reach the exact figures here reported, as to the amount of interest included in the face of the note. The difference was however small, and as the note of Baily in which the interest was found has been settled since the meeting of the Board, it was arranged on the basis above reported. We have thus traced out the history of each individual note reported by Mr. Allen in his last report and shown either that it is still in hand, or what has been done with it. We account for the discrepancy between the amount of notes in hand and the amount reported as follows: 1. 2. 3. In the report of Financial Agent for 1867 the individual notes are reported at $11,148.00. In the report of 1868 these notes are reported $10,613.18. But on page 141 of this book we find that the principal collected during the interval of these two reports was $1,534.82. Subtracting the amount collected from the original sum reported in 1867 we will find the true amount to be $9,613.18 for 1868 instead of $10,613.18, showing an error in addition of $1,000 and which will reduce the discrepancy to this extent. In Mr. Allen's report, Waller Bullock and wife and F. G. Montgomery are each charged with $250. We think this is an error. In both cases we believe there was a full settlement by the relinquishment of right of scholarship, and a further reduction of the discrepancy to the extent of $500 is thus effected. The note of Michael G. Youce was for $981.36. He paid $490.68 (or one half) in cash and relinquished his right to two scholarships. For this, his note was surrendered to him. But the books show only a credit of the amount of cash received, viz $490.68, while in reality the credit ought to have been $981.36. Of the notes in Class (1) it will be seen that one of them is against Overton and Whitney for $250. This Overton is the same person who afterwards left his entire property to the College and the fruit of whose legacy the institution is now enjoying. We recommend that this note, with all the others in the other classes, be dropped from future reports. The true amount of individual notes will be thus reduced to the sum of $6,372.23. Possibly small balances may be collected on the notes of J. F. Green and John S. Hoskins. Respectfully submitted, Ormond Beatty, Chairman The Board of Trustees at their meeting in Danville June 27, 1871, directed the foregoing report to be spread on the pages of its minute book in connection with the report of the Financial Agent for last year (1870) and it thus appears to precede on the Secretary's book the minute which directed it to be recorded. Ormond Beatty, Secretary Danville, Kentucky. June 26, 1871 Board of Trustees met pursuant to adjournment. Members present: Rev. William J. McKnight, D.D., Levi L. Warren, Dr. John W. Scott, Thomas Barbee, Ormond Beatty. As the Chairman of the Board, Rev. Edward P. Humphrey, D.D., was not present, Dr. McKnight was invited to occupy the Chair. �The report of the Faculty was read and the report of the Financial Agent was placed in the hands of Messrs Warren and Scott. The report of the Faculty is as follows, viz. The Faculty of Centre College respectfully submits to the Board of Trustees and through them to the Synod of Kentucky their report for the academic year ending June 29, 1871, as follows: First: We desire to express our gratitude that every member of the Faculty, with very rare exceptions, has been permitted to be in his place and at his work during the entire term. The Faculty has also been able to secure the services of Rev. G. Archibald, D.D., who gave through the year instruction to the Senior Class in the departments of Mental and Moral Science, while Prof. Beatty still continued in charge of the department of the Natural Sciences. With few exceptions the students have been diligent in their studies and made commendable progress during the year. The following young gentlemen, members of the Senior Class, are recommended for the degree of Bachelor of Arts, viz. John Barbour, John A. Cheek, Charles C. Fox, James A. Gardner, Caleb E. Jones, John A. Quisenberry, Alphonse F. Weedin. One of them, Mr. Jones, proposes to enter upon his Theological course of studies in the Danville Seminary this fall, and possibly two of them. All of them are members of the church, belonging to three different denominations besides our own. The accompanying annual catalogue will show that 71 students have been in attendance in College Proper during the year, and in the Preparatory 94 additional - showing an increase since last year in College proper 11 In Preparatory 34 Total Increase 45 148 The large increase in the Preparatory Department rendered it necessary to secure additional instruction there; and Messrs B. F. Hudson and Thomas Clark were employed to aid the Principal. The annual catalogue and Financial Report will furnish any further information the Board may desire. Respectfully submitted by the Faculty A quorum not being present the Board adjourned to meet at 9 o'clock tomorrow morning. June 27, 1871 Board met according to adjournment. The same members in attendance as on yesterday. �As there was no quorum, the following orders and resolutions were adopted, subject to ratification by the Board when a quorum shall assemble. Mr. Beatty made a verbal report from the Building Committee showing the progress of the work on the new College Building. The Committee was directed to press the work to completion for occupation by the 1st of September. Letters from Messrs Humphrey, Ernst, and Allen giving reasons for non attendance were exhibited by the Secretary and the fact ordered to be noted in the minutes. A paper was read by the Secretary showing the amounts and condition of a donation by Dr. John W. Scott and members of the 2nd Presbyterian Church in Lexington, Kentucky, to the College. The entire paper was directed to be spread on the minutes with the names of the donors and the hearty thanks of the Board to be returned for their great liberality. The following is a copy of the paper: We the undersigned do transfer to Dr. Ormond Beatty, in trust for the purposes herein specified, the sum of six thousand ($6,000) dollars, invested in William L. Green's note to John W. Scott secured by a mortgage on a farm in McLean County, Illinois, as will more fully appear from the mortgage already assigned to said Trustee Dr. Ormond Beatty. We direct that the semi-annual interest shall be regularly collected and of it the sum of $52.50 shall be paid to the Trustees of the Danville Theological Seminary for the general support thereof, also the sum of $70 of said semi-annual interest shall be paid to the Trustees of the Biddle Memorial Institute, located at Charlotte, North Carolina, to be appropriated first to the payment of the President's salary and if not needed for that purpose, then to the general support of the Institute. And the balance of said interest amounting to $87.50, we direct to be paid to the Trustees of Centre College, situated in Danville, Kentucky, who are elected by the Synod of Kentucky in connection with the General Assembly of the Presbyterian Church in the United States of America and whose last meeting was held in October 1870 at Frankfort, Rev. J. P. Hendrick being moderator. This sum is to be appropriated by said Trustees to the increase of the library, to procuring chemical and philosophical apparatus, and for furnishing a museum of Natural History and other facilities for teaching the Natural Sciences. And when the principal sum of $6,000 shall be paid, we direct our Trustee, aforesaid, to pay to the Trustees of the Danville Theological Seminary to be securely invested by them, and the interest alone to be used for the purpose above specified the sum of $1,500. Also in like manner and to be similarly invested and the interest alone used for the purposes above indicated, we direct $2,000 to be paid to the Trustees of the Biddle Institute. And whereas the title to the real and funded property of Centre College above mentioned is now the subject of litigation, and efforts are being made to avert it from the control of the Trustees elected by the above mentioned Synod of Kentucky, therefore we do direct our Trustee Dr. Ormond Beatty to hold the remaining $2,500 and all interest accruing and to pay such sums over to the Trustees of Centre College for the purposes heretofore indicated when in his judgment the College with its real and funded property are secured to the Trustees elected by the Synod of Kentucky aforesaid; but if the present litigation should result in the transfer of Centre College to the control of another body, or if by compromise the funds of the College should be divided, thus impairing its usefulness, we do hereby empower our Trustee aforesaid to pay over the above mentioned sum of $2,500 to some other similar institution under the care of the Presbyterian Church in connection with the General Assembly of the Presbyterian Church in the United States of America, either in Kentucky or elsewhere; and if our said Trustee shall pay over this sum of $2,500, to the said Trustees of Centre College, then we direct the amount to be safely invested and that the interest alone be used for the increase of the library and other purposes above indicated. �In case our above named Trustee Dr. Ormond Beatty should die, or for any cause decline or fail to act or to execute the aforesaid trusts, then we appoint Dr. Edward P. Humphrey of Louisville, Kentucky, our Trustee and give him full power and authority to execute the trust, according to the same provisions which we have required of our aforesaid Trustee, Ormond Beatty. In case both of these parties should fail or decline to act, then we request and authorize the Synod of Kentucky, above referred to, to appoint a Trustee who shall have full power and authority to execute the provisions of the above trust. Signed at Lexington, Kentucky. January 2, 1871 John W. Scott Biddle Institute $1,000 John W. Scott Danville Theological Seminary $1,000 John W. Scott Centre College $2,000 Mary S. Dudley, by John W. Scott Biddle Institute $200 Louise D. Breckinridge, by John W. Scott Biddle Institute $75 C. Snydom Scott, by John W. Scott Biddle Institute $25 Lucy W. Scott, by John W. Scott Biddle Institute $300 Lucy W. Scott, by John W. Scott Danville Theological Seminary $250 Lucy W. Scott, by John W. Scott Centre College $250 E. S. Skillman Biddle Institute $20 M. S. Skillman Biddle Institute $200 M. S. Skillman Danville Theological Seminary $100 M. S. Skillman Centre College $100 Mary Mason Scott Centre College $10 T. and H. Skillman Centre College $20 Mr. D. G. Field and son Centre College $10 W. H. Ramsey and wife Centre College $10 W. R. Phipps Biddle Institute $25 W. E. Bush, wife and children Danville Theological Seminary $25 W. Lowry and relations Centre College $100 W. Lowry and relations Danville Theological Seminary $100 W. Lowry and relations Biddle Institute $100 F. Bush, wife and daughter Danville Theological Seminary $10 F. Bush, wife and daughter Biddle Institute $5 Mrs. J. K. Lyle, Miss Lizzie A. Lyle, and Miss Helen Lyle Danville Theological Seminary $15 S. W. Price Biddle Institute $50 A report of the committee to who was referred the report of the Financial Agent for 1870 was read and adopted and directed to be spread on the minutes in connection with the report of the Financial Agent itself. The purchase of the Baily lot was approved and confirmed. �Authority to employ such additional instructors as might be needed in College Proper and Grammar School during the year was continued to the Faculty of the College. Mrs. Julia A. Reed's application to be at least partially released from the payment of her note to the Building Fund was laid before the Board. The Board orders the Financial Committee, upon the prompt settlement of the claim, to compromise on liberal terms with Mrs. Reed. Prof. DeSoto applied to the Board for the use of two rooms in the old College Building until the Board should find other use to which it would desire to put these rooms. Request granted. In answer to an application by the two societies for aid in furnishing their halls, the Board directed the Building Committee to have inside shutters made in both halls and to give in addition, if the state of the funds justified it, $50 to each society to be expended in filling them up. Mr. George E. Wiseman was appointed an auditor to examine and audit annually the accounts of the Financial Agent. The Building Committee was directed to fit up the Old College Building or so much of it as might be necessary for dormitories for students. The degree of Bachelor of Arts was conferred on [blank space] members of the graduating class. Board ordered that tuition in College Proper be raised to the sum of $50 including contingent fee of $5.00 and in the Preparatory including contingent fee for same amount to $40 per annum payable half yearly in advance in both departments. Board then adjourned to meet in Danville at 7 o'clock p.m. on the 12th day of October next. 0rmond Beatty, Secretary Danville October 10, 1871 Pursuant to call by the Chairman of the Board, and due notification of the members of the Board, the Trustees met on the 10th of October. Members present Rev. Edward P. Humphrey, D.D., Chairman, Rev. John S. Hays, D.D., Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, Messrs Levi L. Warren, William Ernst, Thomas Barbee, Dr. John W. Scott, 0rmond Beatty. The Session of the Board was opened with prayer by the Rev. Dr. Hays. The minutes of the meeting in June when there was no quorum were read and approved and adopted as the acts of the Board except in relation to the tuition in College Proper. As the old rate of tuition in this department had been published, both in the catalogue and advertisements of the College, it was ordered that no change should be made during the present academic year in this department but that the change occur with the next year. The following resolution in regard to additional instruction in the College during the year was offered and adopted, viz. Resolved that Dr. Archibald be requested to continue to give instruction as heretofore in College classes. �Adjourned to meet tomorrow morning at 9 a.m. October 11, 1871, 9 a.m. Board reassembled. The subject of filling the vacant chair in Centre College being left unfinished last evening was taken up and further considered, and on motion Edward P. Humphrey and 0rmond Beatty were appointed a committee to find a suitable person for the Chair of Natural Sciences. Also Dr. John W. Scott was requested to render such committee such assistance as may be in his power. Stephen Yerkes presented to the Board a letter from Heman H. Allen stating reasons of absence from the meetings of the Board. The business relating to the estate of Mrs. Markee was considered and the act of the Financial Committee in regard to a successor of R. P. Kenney was approved. On motion 0rmond Beatty was authorized and requested to employ such assistance in the Department of Natural Sciences, as he may consider desirable for his relief during the present year. Messrs Ernst, Warren and Scott were appointed a committee to look into the funds of the College and make provision, if practicable for the salary of an additional professor; and also to inquire if any of the real estate of the College could with advantage be sold. An application by members of a secret society in the College was made to the Board for the permanent use by lease or otherwise of one of the rooms in the New College Building for the purpose of said society. The Board declined to grant the request upon the ground that two large halls was as much of the Building as they could devote to such an object. Resolved that a committee consisting of the Chairman of this Board, the President elect of the College, and the Moderator of the approaching Synod (Dr. Worrall was chosen Moderator) be appointed to make arrangements for the dedication of the new College Building and inauguration of the President elect. The College Faculty are directed to render such aid and advice as lie in their power. Resolved that $50 from the Building fund be appointed to aid in purchasing an organ, which the students of the College are endeavoring to secure for the College Chapel. Ordered that hereafter, honorary degrees shall be conferred by this Board only by a vote of two thirds of the members present at the time; and the vote shall be by ballot. Mr. Beatty having asked the direction of the Board as to the disposition of the interest of that part of the fund given by Dr. Scott and others for increasing Museum, Library, etc. It was ordered that the appropriation of this fund be left to the discretion of Mr. Beatty under the provisions of the trust which he has assumed. The report of the Financial Agent was approved and ordered to be put on record. Ordered that the Chairman of the Board be requested to extend to the members of the Synod an invitation to visit the new College Edifice at such time as may suit their convenience. The minutes were read and approved; and the Board adjourned to meet at the office of the Financial Agent in Danville at 7 o'clock P.M. on Tuesday before the last Thursday of June 1872. �Closed with prayer. 0rmond Beatty, Secretary Report of Financial Agent to the Trustees of Centre College at their annual meeting June 1, 1871. This report is made up of papers giving Balance Sheet, Cash Account, Theological Fund of Centre College, the Boyle Prize Fund, and the Building Fund of Centre College, and closes the accounts on June 1, 1871. Since the last report, 101 shares of the stock of the Bank of Kentucky and 40 shares of the stock of the Farmers Bank belonging to the funds of the College, representing stock to the amount of $14,100.00, have been sold for $13,343.50 and proceeds reinvested in 7 L&F&F&L & Cincinnati Rail Road bonds, 5 Canal bonds, 7 McCrackin County bonds, 2 Jefferson, Madison and Indiana Rail Road bonds and 1 Muhlinburg County bond, representing in all $17,900.00, as shown on page 3 of this Report. Also 55 shares of the stock of the Farmer's Bank belonging to the Theological Fund of Centre College have been sold and proceeds reinvested in 6 L&F&F&L & Cincinnati Rail Road bonds of $1,000 each. See report of Levi L. Warren, September 1870. The State of Tennessee has paid no interest on her bonds since last report. Interest on Markee Estate is in arrears for several years. The expenditures of the year now closing have exceeded the income collected to date by $853. The papers relating to the Building Fund show that of the original notes there have been collected in principal $1,543.62, of private loans $5,662.30, and of U.S. bonds $23,000.00. Also on page 16 of this report a list of original notes belonging to the Building Fund which have been returned to this office as insolvent, amounting to $1871.00. Signed Robert A. Johnstone, Financial Agent, June 27, 1871. [The detailed financial report for 1871follows. A typed transcription can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1871.pdf] Louisville, Kentucky. December 22, 1871 Board of Trustees met pursuant to call of Chairman and was opened with prayer by the Chairman. Members present Edward P. Humphrey, Chairman, John S. Hays, D.D., Levi L. Warren, John B. Temple, James H. McCampbell, Ormond Beatty. The subject of the sale of certain stocks belonging to the College and a change of investment having been considered, the following action was taken by the Board, viz. At a called meeting of the Board of Trustees of the Centre College of Kentucky, a quorum being present, it was ordered that eight bonds of the State of Missouri belonging to the College, numbers 2160, 5177, 2158, 333, 2864, 3242, 1349, 2154, be sold, and that the Chairman of the Board be and he is hereby authorized and directed to execute a release upon each of said bonds, of any endorsement thereon, to the said College without any recourse upon the College or the Board of Trustees. �The same order, in the same terms was then passed in reference to five Tennessee bonds, viz. numbers 9770, 5233, 4806, 6677, 6678. Also Covington and Lexington Rail Road bonds numbers 454, 455, 456, 778, 779, 780, 781, 945. Upon the execution of said release by the Chairman of the Board, the Secretary was authorized to attest it and have the seal of the Corporation affixed. The Financial Agent and Treasurer of the College is directed to deposit for safe keeping the bonds and certificates of stock belonging to the College in the Fall's City Tobacco Bank, and the members of the Board residing in Louisville and vicinity, or any two of them, are charged with the duty of examining them and reporting to the annual meeting of the Board in June of each year. The Board then adjourned to meet at the regular time, viz., 7 o'clock p.m. at the office of the Financial Agent in Danville, on Tuesday before the last Thursday in June 1872. 0rmond Beatty, Secretary June 24, 1872, 6 o'clock p.m. The Board met pursuant to the call of the Chairman and was opened with prayer by the Rev. William J. McKnight. In absence of Secretary, Robert A. Johnstone was requested to act as Secretary pro tem. Rev. John F. Coons took the oath required by 1st subdivision of Section 4 of Act of incorporation before Honorable Tyler T. Alexander, Judge of the 6th Judicial District of Kentucky. Members present Ministers Edward P. Humphrey, D.D, Chairman William J. McKnight, D.D. Thomas H. Cleland James P. Hendrick, D.D. John F. Coons John S. Hays D.D. Stephen Yerkes, D.D. Heman H. Allen Laymen William Ernst Levi L. Warren Thomas Barbee Tyler T. Alexander Dr. John W. Scott John B. Temple Lorenzo H. Noble James McCampbell The Chairman stated that Prof. 0rmond Beatty, President Elect of Centre College, holds the office only as a temporary appointment, there not being at the time of, nor at any meeting of the Board since his election, a sufficient number of members to make his election permanent. Whereupon, on motion, the Board resolved to proceed to the election of a permanent President of Centre College, and Professor 0rmond Beatty was nominated for said office and unanimously elected. And Edward P. Humphrey, Chairman, and Dr. John W. Scott were appointed a committee to inform Mr. Beatty of his election. The Financial Report was read in the hearing of the Board by the Financial Agent Levi L. Warren, reading and explaining in the hearing of the Board so much of said Report as relates to the transactions of the Committee on Investments. And, on motion, the report was received; and it being moved that it be referred to a committee, pending the consideration of this motion, the Board took recess till 8:30 o'clock p.m. �At 8:30 p.m. the Board met and further considered the motion which was pending before recess and decided to refer the Financial Report to a committee consisting of Hon. Tyler T. Alexander, Dr. John W. Scott, William Ernst, and Heman H. Allen. On motion the Board proceeded to elect a professor to fill the Chair of Natural Sciences, and Prof. John C. Fales being nominated, was unanimously elected, and his salary fixed at $1,500 yearly. Also Rev. John L. McKee, D.D., was elected Vice President of Centre College, and Mr. Allen and Dr. Cleland were appointed a committee to confer with him in relation to his salary and the length of time he will be required to teach. After conference with him, his salary was fixed at the sum of $1,000 per annum payable quarterly, as that of the other professors, and out of funds to be hereafter raised. For this he will be expected to render instruction about an hour a day and not to exceed an hour and a half. Robert A. Johnstone tendered his resignation of the office of Financial Agent of Centre College to take effect at such time as the Board may designate and on motion this resignation was referred to a committee consisting of Messrs Warren and Temple to be considered in connection with the future discharge of the office of this agency, and then on motion the Board adjourned to meet in the basement of the 2nd Presbyterian Church at 8 1/2 o'clock tomorrow morning. Closed with prayer by the Rev. Thomas H. Cleland. Tuesday, June 25, 1872 Board reassembled and was opened with prayer. On motion it was resolved that a committee consisting of Drs. Humphrey, Yerkes, and McKnight be appointed to consider the subject of the re-arrangement of the studies pertaining to the several Chairs in the College and to report to this Board at its present session. The committee to who was referred the subject of the resignation of the Financial Agent and other matters relating to the Finances made the following report which was read and adopted. The committee to who was referred the resignation of the Financial Agent of Centre College and other matters touching the Financial affairs of the College, respectfully submit the following resolutions for the action of the Board of Trustees. Signed Levi L. Warren, John B. Temple, Committee 1. 2. 3. 4. Resolved that the resignation of the Financial Agent be and the same is hereby accepted, to take effect the 1st day of August next. Resolved that the thanks of this Board are due, and are hereby tendered to Rev. Robert A. Johnstone, the Financial Agent of the College, for the faithful and valuable services rendered by him; and the secretary is directed to communicate to him a copy of these two resolutions. Resolved that the First National Bank of Danville, with the consent of said Bank, be constituted the Treasury of Centre College, in which all monies received by the College, on any account, shall be deposited, and from which all monies paid out, on any account, shall be disbursed - that all the receipts of the College in the treasury shall be upon the order or warrant of the secretary of the Board of Trustees of Centre College, and disbursements shall be made only upon accounts marked "approved" with the official signature of said secretary appended. Resolved that the secretary shall report to this Board at its annual meeting the financial condition of the College, showing the state of the funds, the receipts and disbursements under such heads as he may �deem best to inform the Board of Trustees of the working of the finances, and that an account shall also be rendered at the same time by the Treasury showing the total receipts and disbursements with vouchers therefore. The Board then took a recess for one hour. Board reassembled. The Rev. James F. Lapsley appeared and took his seat as a member of the Board. The committee to whom was referred the subject of the re-arrangement of the College studies made a report which was received and adopted and is as follows, viz. 1. 2. 3. 4. The Department of Mental Philosophy, Logic and Political Economy is assigned to the President. The Department of Moral Philosophy, Evidences of Christianity and Religious Instruction is assigned to the Vice President. The Department of Natural Sciences, heretofore conducted by Prof. Beatty is assigned to Prof. Fales. The Faculty is requested to consider the details of all the Departments of instruction and to report thereon at the next meeting of the Board. Leave was asked and granted to Mr. Lapsley to record his vote in favor of the President, Vice President and Professor who were elected on yesterday. The annual report of the Faculty is as follows. The Faculty of Centre College would submit to the Board of Trustees and through the Board to the Synod of Kentucky their annual report. The regular Professors of the College have been constantly at their posts with the exception of Prof. Chenault, who was absent two weeks on account of ill health. From the accompanying catalogue it will be seen that the whole number of students in College Proper is 91. In the Preparatory Department 106 - deducting for joint attendance in all 186. Our catalogue for last year gave 71 to the College Proper and 91 to the Preparatory. Number of Students during year 1870-71 Centre Proper 71 Number of Students during year 1871-72 Centre Proper 91 Increase 20 Number of Students during year 1870-71 Preparatory 94 Number of Students during year 1871-72 Preparatory 95 Increase Preparatory 1 Total Increase 21 With a few exceptions the students have been regular in their attendance and diligent in their studies. Under the ministry of Dr. John L. McKee a deep religious interest was awakened among the students and quite a number made a public profession of religion. The Faculty would recommend for the degree of A.B. the following young gentlemen, viz. �John J. Hoggsett James L. Sallee Arthur W. Johnstone James B. Walton John T. Lillard James T. Welsh Adam W. Ringland David S. White William 0. Rodes They also recommend that a certificate of proficiency be awarded to Robert Quisenberry of the Scientific Class. In accordance with the recommendation of the Faculty the Board conferred the degree of Bachelor of Arts upon the young gentlemen whose names are given above and a certificate of proficiency in the Scientific Department to Robert Quisenberry. A committee consisting of Messrs Ernst, Scott, and the Chairman of the Board (Dr. Humphrey) was appointed to prepare and issue an address to the public in relation to the College and its interests. The committee to whom was referred the report of the Financial Agent made the following report which was received, adopted and is as follows, viz. The undersigned committee to whom was referred the Financial report together with the matters therein contained and therewith connected, would most respectfully report as follows. 1. 2. 3. 4. 5. We recommend the approval of the financial report and the auditing thereof endorsed thereon, and that the same be spread upon the minutes of the Board, including the papers and statements returned as part of said report. The committee who were charged with the duty of disposing certain bonds the College and reinvesting the proceeds report the sale (at for value in round numbers) of say $31,000 of bonds for $28,000 and the purchase of $35,000 with the proceeds, making the bonds cost, on an average, 80 pc, yielding 9 per cent on their cost, making an increase of 25 pc, to the funds of the College at maturity of the bonds purchased. The bonds sold yielded an annual income of $1,940; the bonds purchased yield an annual income of $2,493 making a difference in favor of the new bonds of an annual income of $553. We therefore recommend the approval of the action of the committee and regard the investment as profitably and safely made. This together with the other bonded assets of the College, amounting in aggregate as reported to $88,100, we regard as well and profitably invested and recommend no change therein at present. Your Committee recommend the sale of the Northern Bank stock after the collection of the July dividends and the re-investment (by the same committee) of the proceeds thereof in some paying, solvent security, either city, railroad, county or other corporation bonds and make report thereof to the next meeting of this Board. There are other stocks and assets of the College not yielding any considerable profit, but under existing circumstances your committee is of the opinion it would be most prudent to let them remain as at present invested. In view of the fact that the funds of the College were used in defraying the expenses of raising the Building Fund and in paying lawyer's fees and other costs incurred in securing and protecting the said fund, and the further fact that the College edifice is completed, except some improvement of the College grounds and furnishing the rooms thereof, after the payment of the debts against this fund already incurred and for the improvements and furniture aforesaid, your Committee recommend the transfer to �the College income fund proper all of the assets and debts of every description belonging to or known as the Building Fund and the account as such be now closed up. Respectfully submitted, Tyler T. Alexander, Chairman The committee on investments, viz. Messrs Levi L. Warren, Edward P. Humphrey, and John B. Temple is continued, and it is directed to have a watchful case over the securities of the College, and it is authorized and empowered to change the investments at its discretion when the safety, value, or productiveness of the funds seem to demand it. Mr. Ralston's statement in relation to Preparatory was read and approved and is as follows: The Financial condition of the Preparatory Department of Centre College for the year ending June 15, 1872 Amount collected for tuition $1,830.61 corrected to $1,357.19 Amount taken in notes $375.10 Amount of uncollected tuition $1,036.65 In this connection I beg leave to submit to the Board the propriety of raising the price of tuition in the higher classes to $20.00 per session of five months with the usual contingent fee added. Respectfully, June 15, 1872, Lucien H. Ralston In accordance with the recommendation tuition for the higher classes in the Preparatory Department was raised to the sum of $20 per session of five months with the ordinary contingent fee additional. The Board directed compensation to Prof. Nelson and to Prof. McMullin for instruction given to the classes during the sickness of Prof. Chenault. The Board directed four additional rooms be fitted up, at the discretion of the President, in the old College Building for the accommodation of students. The Financial Agent was requested to make a succinct statement of the condition of the Building Fund – collections, expenditures, etc., to present date. The Trustee of the Special Fund contributed by Dr. Scott and members of the 2nd Presbyterian Church in Lexington made a verbal report in relation to this fund. Information was conveyed to the Board that a friend of the College had offered to establish three additional prizes each for $50 - one for the Senior class, one for the Junior, and one for the Freshman. Board directs its thanks to be recorded and returned for the favor to the donor, and the Faculty is directed to confer with him in relation to the objects for which they should be awarded. The Financial Committee for the ensuing year: Messrs Beatty, Barbee, Welsh, and Wiseman Committee of Repairs: Messrs George W. Welsh, Thomas Barbee, and George E. Wiseman. �The following degrees were conferred. The degree of D.D. upon Rev. A. C. Dickerson, Rev. G. H. Robertson and Rev. H. D. V. Nevius. The degree of A.M. in course upon William T. McElroy, Class of 1850; Michael H. Owsley, Class of 1854; William Owsley Goodloe, Class of 1858; Edward Alcorn, Class of 1862; John G. Praigg, 1857; David M. Rodmon, 1862; William L. Burdett, 1868; George C. Young, 1868; George Denny, 1868; Logan McKee, 1868; Richard W. McFerran, 1869. Adjourned to meet at 9 o'clock Thursday morning. Thursday morning, June 27, 1872 Board met pursuant to adjournment, Dr. Cleland in the Chair. The thanks of the Board were returned to Messrs Warren and Ernst for offering to guarantee the salary to Prof. Fales and to Dr. Scott for the Megatherium and other liberal contributions to the Museum. Board then adjourned to meet in Danville at 8 o'clock p.m. on Tuesday before the last Thursday in June 1873. Closed with prayer 0rmond Beatty, Secretary [The detailed financial report for 1872 follows. A typed transcription can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1872.pdf] Trustees elected at Bowling Green, October 1872 Term expires 1873 - Rev. Edward P. Humphrey, D.D., Rev. John S. Hays, D.D., George W. Welsh, James Barbour, William Ernst, Thomas Barbee Term expires 1874 - Rev. John M. Worrall, D.D., Rev. Thomas H. Cleland, D.D., William H. Kinnaird, Levi L. Warren, Hon. Tyler T. Alexander, John W. Scott, M.D. Term expires 1875 - Rev. Heman H. Allen, Rev. John H. Nesbit Louisville, Kentucky. March 18, 1873 Board of Trustees met pursuant to call of the Chairman in the Lecture Room of College Street Church, and the meeting was opened with prayer. Members of Board present Edward P. Humphrey, D.D., Levi L. Warren, John B. Temple, Stephen Yerkes, William H. Kinnaird, George W. Welsh, all of whom took the oath of office prescribed by the Charter. Dr. Humphrey stated that the object of the meeting was to consider the subject of the recent loss of the College funds by the robbery of the Falls City Tobacco Bank. A statement of the losses that had occurred was made and is as follows: Total Saved Funds in Falls City Bank Per Interest Due �Amount Cent $6,400 $8,800 New Albany city 6 Jan. and July Jeff [illegible word] and Indiana Rail Road 1st mortgage $14,000 Jan. and July Logan County $8,800 7 7 Jan. and July $10,000 $2,000 Louisville and [illegible word] Canal 6 Jan. and July $4,100 $4,100 Davies County 6 Jan. and July $3,000 $3,000 Church of [unclear: Messiah] 9 Feb. and Aug. Bourbon County 6 Feb. and Aug. $1,000 $4,100 $3,700 Muhlenburg County 7 Mar. and Sept. $3,000 $3,000 [unclear: Adair] [illegible word] 9 April and Oct. Louisville City 6 April and Oct. Louisville City 7 April and Oct. Jefferson [illegible word] and [unclear: Indiana] Rail Road 2nd mortgage 7 April and Oct. County of Lyon 7 April and Oct. $2,000 St. Louis, Louisville and Terre Haute Rail Road 7 May and Nov. $4,000 Louisville City 6 Dec. and June $12,000 $6,000 $6,000 $12,000 $3,000 $3,000 $93,400 $33,600 Total Saved Theological Fund $6,000 L&F&L&F Rail Road 1st mortgage Per Cent Interest Due 7 Jan. and July $1,000 $1,000 Louisville City 6 April and Oct. $200 $200 7 April and Oct. 7 Jan. and July Grayson County Boyle Prize $1,000 $1,000 Evansville and H. Rail Road Dr. Thomas H. Cleland appeared and took his seat as a member. Letters were received from Dr. William J. McKnight and Mr. Ernst expressing regret at not being able to attend. The following minute was then prepared and adopted, viz. Resolved that the action of Levi L. Warren in uniting on behalf of Centre College with others in authorizing the Falls City Tobacco Bank to offer a reward of 25% for the recovery of bonds recently taken by robbery from said Bank, be and the same is hereby formally approved and ratified as to the bonds belonging to said College. Messrs Warren and Temple were appointed a committee with authority to adopt and execute any further measures they may deem necessary for the recovery of the lost bonds. Adjourned to meet at 8 o'clock this evening. �8 o'clock p.m. Board reassembled. On motion it was resolved that Drs. McKee, Worrall and Hays be appointed by this Board to raise funds for the support of the College and that they be correctly requested to enter at once upon this duty. Their expenses shall be paid and a reasonable compensation for their labor. The Chairman of the Board, Dr. Humphrey, and 0rmond Beatty are appointed a committee to confer with these gentlemen about their work. Messrs Logan, McKee, John Boyle and Edward Humphrey were appointed a committee to raise contributions among the Alumni of the College and Mr. William F. Bonet was requested to aid them in this work. The local members of the Board at Danville are directed to prepare a suitable form of subscription and arrange all the details. Ordered that any money in the Treasury belonging to any special fund be used in payment of Professors' salaries. Resolved, that in the opinion of this Board the sum of $100,000 ought to be raised and no subscription shall be binding until the sum of $50,000 be subscribed. The Board itself shall declare when the requisite subscription is made. Dr. John L. McKee was requested to bring this subject before Transylvania Presbytery and Dr. Cleland alternate Dr. Humphrey before the Louisville Presbytery and Drs. Yerkes and Worrall before Ebenezer. The Board then adjourned to meet at the regular time for the annual meeting in Danville. Ormond Beatty, Secretary June 24, 1873 Board met pursuant to adjournment and was opened with prayer. Members present Rev. Edward P. Humphrey, D.D., Rev. John S. Hays, D.D., George W. Welsh, James Barbour, Esq., William Ernst, Thomas Barbee, Rev. John M. Worrall, D.D., Rev. Thomas H. Cleland, D.D., William H. Kinnaird, Levi L. Warren, John W. Scott, M.D., Rev. Heman H. Allen, Rev. John H. Nesbit, Rev. William J. McKnight, D.D., Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, Robert Rodes, Esq. Messers Hays, Barbour, Ernst, Barbee, Worrall, Cleland, Scott, Allen, Nesbit, McKnight, Hendrick, and Rodes were duly qualified. The minutes of the last regular meeting and of the meeting in Louisville were read and approved. The Financial Report was read and referred to Messrs Barbour, Allen and McKnight. Messrs Scott and Ernst were appointed a committee to confer with Dr. John L. McKee, in relation to the amount of subscriptions he has obtained and report to the Board. The degree of A.B. was conferred upon fifteen members of the Senior Class, viz. William Ayres, Danville, Ky. John Bruce, Danville, Ky. Robert Caldwell, Danville, Ky. Andrew M. J. Cochrane, Maysville, Ky. William P. Irvine, Danville, Ky. Alexander S. McGrorty, Danville, Ky. Matthew T. Scott, Lexington, Ky. Albert G. T. Smith, Danville, Ky. �Benjamin J. Durham, Danville, Ky. James W. Durham, Danville, Ky. Robert Harding, Danville, Ky. William J. Hendrick, Flemingsburg, Ky. Edward L. Warren, Louisville, Ky. John B. Worrall, Covington, Ky. John W. Yerkes, Danville, Ky. and a certificate upon J. S. Hudson. The degree of A.M. in course was conferred upon John S. Morton, Class of 1854; Fontaine T. Fox, Class of 1859; W. S. Nelson, Class of 1866; Charles Hogue and Andrew Plouch, Class of 1869; and upon William Hogue, Class of 1870; and honorary on Hon. Robert C. Bowling. The degree of D.D. upon the Rev. Thomas J. Dodd (of the Methodist Episcopal Church) now of Covington and Rev. W. G. Craig of Keokuk, Iowa. The degree of L.L.D. was conferred upon Hon. Preston H. Leslie, Governor of Kentucky, Curtis F. Burnhour, Esq., Richmond, Ky., and W. H. Wadsworth of Maysville, Ky. Prof. Chenault on the part of the Faculty of the College made to the Board a statement in relation to the length of College term. After considering the subject it was ordered that hereafter, until other arrangements may be made, the College term shall begin on the first Monday in September and close the third Thursday in June. The Christmas recess to be, as heretofore, left to the discretion of the Faculty. The Committee to which was referred the Financial report, reported in part. The report was received and adopted and is as follows: They have examined said report and the vouchers accompanying it and have found the same to be correct. They propose the following resolutions: 1. 2. That said report be approved and recorded. That the thanks of the Board be tendered to Dr. Beatty for the faithful performance of the labor of the secretaryship and the thorough and lucid statement presented in said report of the financial condition of the College. James Barbour, Chairman The secretary presented a copy of the decision of the Court of Appeals in the College suit. The Board ordered it to be recorded in the minute book. It is as follows: Kinkead et al. ver. McKee et al, May 23, 1873 - Affirmed State of Kentucky May 23, 1873 Court of Appeals William B. Kinkead et al, Appellants vs. John L. McKee et al, Appellees Appeal from Boyle Circuit Court The court being sufficiently advised delivered the following opinion herein, to wit On the 23rd of October in the year 1829 the Trustees of Centre College located at Danville, ascertaining that the Divines and Elders of the Presbyterian Synod of Kentucky desired in behalf of their church to endow and patronize �an institution of learning in the State, entered into a contract with the letter, by which it was agreed that so soon as the Church or Synod, or any of its members, should pay the sum of twenty thousand dollars into the treasury of the (then) Board of Trustees, the Synod of Kentucky should have the right to elect the entire Board of Trustees for the Institution, thereby placing the College, as soon as this money was paid, under the control and supervision of the Presbyterian Church. This agreement was faithfully complied with on the part of the Church and the Institution prospered under its care and patronage until the unfortunate social and political differences between its members growing out of the late war between the government and some of the states reversed their religious association and divided the church. The Synod met at Henderson, Kentucky, in October 1866, and failing to harmonize, the result was a division among the members and the organization of two Bodies, each claiming to be the Synod, and also the right to elect trustees for Centre College. One was known, or at least so denominated in the record, as the Douglas Synod, and the other as the Lapsley Synod, the former representing the Declaration and Testimony party and the latter the General Assembly party. Each one of the Synods elected Trustees for the College, and the Appellants instituted this action in the court below alleging that the Trustees elected by the Lapsley Synod had usurped the office of Trustee of Centre College to which they (the Appell.) were legally entitled. Their petition was dismissed by the court below and the only issue presented by the pleadings is, who are the rightful Trustees, the Appellants or Appellees. We have carefully considered all the points raised by each party to the record, more for the purpose of determining the power this court has of reviewing the action of these two ecclesiastical bodies, than of preparing an elaborate opinion upon the questions involved. In May 1866 the General Assembly met at St. Louis and passed resolutions in effect dissolving the Presbyteries on refusing to adhere to the action of the General Assembly; and again in May 1867, at its meeting in Cincinnati, declared that the Douglas Synod which had elected Appellants Trustees was not the lawful Synod of Kentucky but that the Lapsley Synod was the true and lawful Synod of the State. It is now insisted by counsel for Appellants, that this action of the General Assembly both at St. Louis and Cincinnati was in direct violation of the constitution upon which their church organization is based, and the exercise of a jurisdiction wholly unwarranted by any law pertaining to their church government and the opinions heretofore delivered by this court, in the cases of Watson and others vs. Avery and others and Garten vs. Penich 2. Bush. 860 and 5 Bush 113 are relied on as sustaining their views of the questions presented. In these cases the deliverances of the General Assembly, from which all these unfortunate troubles seem to have originated, are fully set forth, and so far as this case is concerned it is unnecessary to make any further allusion to them. This court in the case referred to adjudged that whilst it could not disturb the action of church courts upon a matter purely religious, and was reluctant even to inquire into the alleged invalidity of church action, with reference to the rights of property, still civil tribunals as a matter of right and justice upon principle and authority could interfere and re-judge the judgment or Spiritual courts, where property belonging to church organizations, and dedicated for religious purposes, had been taken from the members of the more arbitrary will of those constituting the judicatures of such organizations "without regard to any of the regulations or constitutional restraints, by which according to the principles and objects of such organizations it was intended that such property rights should be protected" - that those having control of church property under a particular church organization have no power to transfer their property to a different sect or denomination, or direct it from the purpose for which it was dedicated, when in violation of the fundamental law, upon which the organization is based. This doctrine we again fully recognize and to determine otherwise would be to leave the minority, with reference to the rights of property, in all voluntary associations, subject to the unlimited and despotic power of the majority, if they saw proper to exercise it. It becomes necessary in the present case to ascertain whether the principles thus announced are applicable to the facts presented in this record. The rights of the parties to the offices claimed, in our opinion, are not to be �determined by the deliverances of the General Assembly made during or after the war and individual views or prejudices that may exist by reason the action on the part of the General Assembly towards a large majority of the members of the Presbyterian Church in Kentucky can have no weight in the consideration of this case. This branch of the controversy, presented by the record has been discussed by some of the ablest divines in the state and is now a part of their church history where it legitimately belongs. The contract made in 1824 between the Trustees of Centre College and the Presbyterian Synod or church was made part of the Charter of the Institution by legislative enactment. After giving to the church or Synod the power to appoint Trustees, it is provided by the contract as follows, "The Board may fill vacancies as before, but the appointments so made shall be subject to revision by the Synod and the confirmation or substitution by an appointment made by the Synod as that body shall determine. And to prevent doubts about the body called the Synod of Kentucky who shall be thus electors of Trustees, it is understood that it is and shall be the body of the Presbyterian clergy and Elders in connection with the General Assembly of the Presbyterian Church in the United States of America who meet annually as a Synod in the state of Kentucky of whatever individuals that may be composed at the time of their annual meeting, and as such are capable of being identified in fact at each meeting, etc." Here is a contract by its terms defining clearly the manner in which these Trustees are to be elected and in express wishes designating the body having the right to make this election. The language of this writing is "that it shall be the body of the Presbyterian Clergy in connection with the General Assembly of the United States of America." As each of these parties now claim the right to elect the Trustees it seems to us the only mode of determining the controversy is by resorting to the contract under which this right is asserted. This court has no power to alter or modify this solemn compact between the parties. The General Assembly of the Presbyterian Church in the United States of America has never ceased to exist. A body of Presbyterian Clergy and Elders have been in connection with it since the existence of the contract in 1824. The Appellants and Plaintiffs in the court below do not claim to belong to this General Assembly. Their petition as well as the proof in the case shows that they belonged to a separate and distinct organization, and claim only in their pleading that they are lawfully elected "by the Synod of Kentucky of the Presbyterian Church of the United States". It is urged, however, that at the time the appellants were elected Trustees they were still in connection with the General Assembly of the Presbyterian Church in the United States of America. This position we think is not sustained by the history of the division of the church as embodied in the record. The Synod electing the appellants had previously refused to submit to what they conceived to be the despotic action of the General Assembly and were no longer recognized by the latter body as the Synod of Kentucky. But whether this is so or not, the original compact provides that those of the Clergy and Elders in connection with this General Assembly who meet annually as a Synod in Kentucky of whatever individuals they may be composed, at the time of their annual meeting, and as such are capable of being identified in fact at each meeting, shall have the power to elect. The evidence discloses the fact that at and after the meeting at Henderson, the Synod under which the appellants claim their election refused to recognize the General Assembly as having any control over its organization. Conceding then that the appellants were compelled to throw off all allegiance to this higher power in their church by reason of its entire disregard of the organic law of the church government, and still it is no reason, why this court should refuse to sustain the express provisions of a plain and positive contract. The parties to this covenant had some object in view, whereby its terms they so changed as that the body to elect these Trustees might always be identified - it may be that at that day they anticipated the existence at some future period in this church of rival religious organizations and were endeavoring to provide against it. But whether so or not it is sufficient for this court to know that the contracting parties so stipulated. There is no question made in this case as to the ownership of this property or even for whom these Trustees and those with whom they are associated are holding it, and this court looking to the contract by which all the rights of the parties are to be determined must adjudge that the court below acted properly in dismissing appellants petition. The judgment is therefore affirmed. A copy attest �The Secretary was authorized to discontinue the rent of an office for the Financial Agency and to have a room fitted up in the College building for this purpose. Ordered that Dr. John L. McKee while engaged in the Agency of this Board, and thus, for a time, compelled to discontinue his services to the church to which he has been preaching in this place, be paid for his Agency in increasing the endowment of the College, at the rate of $2,500 per annum, out of the funds that he is now engaged in raising. On motion Dr. Humphrey, Mr. Warren, and 0rmond Beatty were appointed a committee to report to the Board on the subject of Dr. McKee's relation to his permanent work in the College and in his Agency. Ordered that a salary of $1,000 be paid to Dr. McKee as Vice President. Resolved that the Financial Committee be authorized if necessary to raise money by temporary loans to meet the current expenses of the College in anticipation of income. Mrs. Jeremiah T. Boyle having donated to the College another bond of equal value with that which was taken from the Falls City Tobacco Bank it was ordered that the cost of the recovery of the Boyle Prize Bond be paid out of the General Fund of the College. Resolved that the Financial Committee from time to time, settle with Rev. Dr. McKee, receiving from him all cash, bonds, and other securities collected by him and paying him his expenses and compensation for his services. Faculty Report The Faculty of Centre College would beg leave to submit to the Board of Trustees and to the Synod of Kentucky their report for the academic year ending June 26, 1873. Nothing unusual has occurred to mark the year. The Professors with few interruptions have been steadily at their work. The Vice President Dr. John L. McKee and Prof. John C. Fales entered upon the duties of their respective offices at the beginning of the present term. The students as a body have been more than ordinarily diligent and have made satisfactory progress in their studies. Few cases of disorder and none of a serious character have occurred. The number of students for the present year In College Proper 70 In Preparatory 102 of these common to both [blank] The Faculty recommends that the degree of Bachelor of Arts be conferred on all the members of the Senior Class fifteen in number, viz. [names not listed] and that a certificate be conferred on J. S. Hudson of the Scientific Class. This is, we believe, the largest class that has graduated in any institution in Kentucky since the close of the war. �Ordered that hereafter, in the preparation of the annual catalogue, the names of pupils shall be so given as to distinguish the series. Resolved that the Preparatory Department be continued during the ensuing year on the same plan as during the past year. Resolved that if movements in Congress should be initiated looking to the distribution of public lands to the educational institutions of the country, the President of this College and the Chairman of the Board of Trustees be authorized to represent Centre College, and by co-operation with the representatives of similar institutions, or in any way that seems to them best, endeavor either to prevent such land grants from being made, or if made, to secure a fair proportion thereof to Centre College. Resolved that in accordance with an order of the Synod of Kentucky passed at their meeting in Bowling Green in October 1872, authorizing the Trustees of Centre College to take charge of the Hollingsworth Fund, now in the hands of Mr. Ernst, also appropriating to the uses of the College the interest on said fund which may in the future arise, also the amount of uninvested interest then in the hands of said Ernst amounting to $226.37, the Chairman of this Board be directed to execute to Mr. Ernst a proper indemnifying bond and take charge of said Hollingsworth Fund, subject to the conditions named in the will of said Hollingsworth deceased. Resolved that Mr. Beatty as Trustee be authorized to renew and extend the loan of William L. Green of $6,000, in which the College has an interest of $2,500, or to collect and re-invest the same, in the exercise of his judgment with the consent of the other beneficiaries of said fund. Resolved that the committee on investments be instructed to deposit the securities belonging to Centre College in one or more safe deposit companies in Louisville or Cincinnati. Resolved that it is the opinion of this Board that the salaries of the President and Professors are wholly inadequate and disproportioned to the services rendered by them, and that it is the purpose of this Board to increase these salaries just as soon as the funds of the College will justify them in so doing. In view of the present condition of things connected with the endowment of the College Resolved that the further services of the Rev. George Coons be dispensed with and that a suitable compensation be made him for the work he has already performed. Committee on Finance - 0rmond Beatty, George W. Welsh, George E. Wiseman, and Thomas Barbee Committee on Repairs - Welsh, Barbee, and Wiseman Committee on Investments - Levi L. Warren, Edward P. Humphrey, and John B. Temple The committee to which was referred the subject of the permanent relations of Dr. McKee to his work in the College, and in his agency in endowing the College, presented its report, which was received and adopted and is as follows, viz. The Board of Trustees offers to Dr. McKee the following suggestions in relation to the prominent objects which should be kept in view in the further endowment of the College �1. 2. 3. The General Fund applicable to our annual expenditures needs to be largely augmented, in order that the salaries of the President and Professors may be increased and that additional Professors may be supported; that the Library and the Chemical and Philosophical Apparatus and the Cabinets of Natural History may be improved and other means of instruction supplied. One of our first necessities is a suitable building for a College Home whereby the price of boarding may be materially reduced. The Trustees have resolved to provide such building so soon as the funds can be raised and we commend it to the liberality of our friends and patrons. We instruct Dr. McKee to endeavor to endow the Chair of the Vice President. It is the desire of the Board and the object of this endowment to provide for the support of Dr. John L. McKee, both while engaged in teaching, and while serving the College by soliciting subscriptions and securing students, and serving the church by preaching throughout the bounds of the Synod, or where ever a way may be opened for his labors. It is intended that this endowment shall follow Dr. McKee himself as long as he may remain in connection with the College, whatever position he may hold in it. At his death or separation from the College the Fund shall be under the direction of the Board to carry out the purpose of the endowment in such a way as to it may seem best adopted to accomplish the great ends for which it is provided. 0rmond Beatty and R. P. Jacobs are requested to prepare a suitable form of subscription for such persons as may desire their contributions to take this direction. Ordered that the income of the Theological Fund now in the treasury be used in paying cost of recovering the bonds belonging to this fund. Dr. McKee and the Financial Committee are authorized to prepare and issue such circulars or notices of the College as they may consider desirable to aid him in his work. The Committee appointed to confer with Dr. John L. McKee in regard to the amount of subscriptions he had taken, made a report which was received and adopted and is as follows, to wit. Whereas at a meeting of the Trustees of Centre College held at Louisville March 18, 1873, John L. McKee, D.D., was appointed in connection with other Brethren to raise $100,000 in addition to the amount necessary to make good the losses incurred by the recent robbery at Louisville, and whereas by the terms of his instructions no subscription was binding until $50,000 at least, in cash, notes, or bona fide subscriptions was raised and whereas by Dr. John L. McKee's subscription book now laid before the Board it appears that $58,291 has been subscribed, therefore be it resolved that this Board hereby formally declares that the requisite amount of $50,000 has been subscribed, and that the terms of such subscriptions have been fully complied with. Resolved that the Financial Committee is hereby directed on behalf of this Board to have notes taken from all who have already subscribed bearing date July 1, 1873, and deposit said notes with the Treasurer of the College. Resolved that Dr. John L. McKee, who has already manifested such commendable diligence and efficiency in prosecuting this work, be instructed to continue his efforts under the charge of the Financial Committee until at least the whole amount of $100,000 in addition to the sum necessary to make good the losses incurred by the recent robbery in Louisville be secured or until the said Committee shall consider it best to suspend further efforts. The subscriptions obtained by Dr. McKee, and now reported by him on the basis of which the above declaration is now set forth, are made a part of this minute and are as follows: Dr. McKee's report �The undersigned begs leave to submit the following report to the Trustees of the Centre College of Kentucky. My agency commenced by publicly presenting the cause of Centre College from the pulpit in Danville, Ky., March 23, 1873, and this report the minutes with this meeting of the Board. I herewith enclose a list of the names of all the persons who have subscribed to this cause with the amounts set opposite their respective names. They are also so given as to indicate what congregations they are members of. The report also acknowledges the receipt of all moneys contributed. They are either marked cash on the list or the names of the donors are given and marked paid. Respectfully submitted, John L. McKee [McKee’s report listing monies collected from various churches are available in a typed transcript, and can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1873b.pdf] It will be seen that Dr. John L. McKee reports a subscription to Centre College obtained by him amounting to $58,291 (including Mrs. Boyles), all of which is believed to be good except two amounting to $450. In addition Mrs. [unclear: Dewers?] of Lexington agreed to pay $60 per year during her life and to make the College her rendering legatee. This subscription was not counted because it is indefinite and uncertain. The Committee are happy in being able to report that the amount required viz. $50,000, to make the subscription binding has been fully received of good and reliable subscriptions. On motion the Board adjourned to meet in Danville at 8 o'clock p.m. on Tuesday before the 3rd Thursday in June 1874. Closed with prayer. 0rmond Beatty, Secretary [The detailed financial report for 1873 follows. A typed transcription can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1873.pdf] Covington, October 9, 1873 A meeting of the Board of Trustees of the Centre College of Kentucky was held at the First Presbyterian Church in the City of Covington, Ky., on Thursday, October 9, 1873, present Edward P. Humphrey, D.D.. Chairman, Rev. Stephen Yerkes, D.D., Thomas H. Cleland, D.D., John M. Worrall, D.D., James P. Hendrick, John H. Nesbit, John S. Hays, D.D., Levi L. Warren, Esq., James Barbour, Esq. The secretary being absent, James Barbour was appointed Secretary pro tem. The Chairman of the Board reported that he had executed and delivered to William Ernst, Trustee of the Hollingsworth fund, a bond of indemnity as directed by the Board of Trustees at a former meeting. Therefore, Resolved that William Ernest be requested to deliver the bonds and pay the money in hand to Levi L. Warren, Esq., to be deposited with the other securities of the College for safekeeping. The degree of A.M. was conferred on Edward Rumsey Wing in course, he being a graduate of this College of the Class of 1861. �A petition was presented from the Faculty of the College (excepting Prof. Chenault) requesting the Board to add to Prof. Chenault's salary the use of the house in which he lives free of rent and this favor to apply to the past, so far as his rent has not been settled. Upon consideration whereof said petition was granted, and the Secretary directed to settle with Prof. Chenault accordingly. Ordered that said petition be recorded on the minutes of this Board. Adjourned to meet at 12 o'clock tomorrow. James Barbour, Secretary pro tem. Petition of the Faculty referred to in the foregoing minute To the Trustees of Centre College Respected Brethren The undersigned are aware that the Board of Trustees of Centre College has long acted upon the principle of making no discrimination among its Professors in regard to their salaries. Without undertaking to condemn this principle, which we suppose is wise and just, or to interfere in any way with the duties that appertain to the Board, we would nevertheless respectfully suggest whether, under the peculiar circumstances, the Board might not make an exception in the case of Prof. Chenault. And in order to relieve the Board of any embarrassment so far as we are concerned, we would respectfully petition it to add to Prof. Chenault's salary the use of the house in which he lives, free of rent; and that this favor apply to the past, so far as his rent has not been settled, and to the future until further order of this Board. The grounds on which we base our petition are: 1. 2. 3. 4. The size of Prof. Chenault's family, which with the utmost economy he has not been able to support without trenching upon his private means, which are quite limited, Prof. Chenault has given his undivided attention to the College, which he has served, not only with fidelity, but with great acceptance, as we believe, to both students and patrons of the College. Prof. Chenault's health is delicate, and for this reason he has not been able to effect a life insurance, and thus provide for his family in the event of his death or permanent disability. His services are in demand elsewhere, and we fear if we should loose him that it would be difficult to fill his place with a man equally competent. As far as we are personally concerned, we desire not only to relieve the Board of any embarrassment in making this discrimination, but to assure it that this kindness to Prof. Chenault, we will consider as a favor to ourselves. Respectfully, Ormond Beatty, James C. Randolph, John L. McKee, John C. Fales, Salvador DeSoto Friday, October 10, 1873 Board met pursuant to adjournment. Present, same members as yesterday. It was resolved that Dr. McKee, Vice President, be appointed to act as the agent of the College and to continue the agency for the collection of funds and his evangelical work for three years from 1st April 1874 at a salary of $2,500 per annum for that service. �Resolved that Messrs Humphrey, Welsh, Worrall, and Beatty be appointed a committee to report to the Board upon the subject of a College Home. Adjourned. James Barbour, Secretary pro tem Danville, Kentucky June 16, 1874 Board of Trustees met pursuant to adjournment and was opened with prayer by Rev. John S. Hays who in the absence of the Chairman was requested to preside. Members present Rev. John S. Hays, Thomas H. Cleland, D.D., Dr. John W. Scott, Rev. Stephen Yerkes, D.D., Robert Rodes, Esq., and James Barbour. The Financial Report was referred to a committee, viz. Dr. John W. Scott, John Barbour, and Heman H. Allen. The Board having received information that certain paintings had been made and were now presented to the College the following resolutions were adopted. 1. 2. 3. Resolved that the Board of Trustees of Centre College do hereby for themselves and for all the friends of Centre College tender their most grateful acknowledgements to Dr. John W. Scott of Lexington, Kentucky, for his most acceptable present, for the use and benefit of Centre College, of two magnificent portraits in oil - the one of the Rev. John C. Young, D. D., deceased, former President of this College, and the other of Ormond Beatty, L.L.D., existing President of Centre College. Resolved that a like vote of thanks be tendered General S. W. Price, Lexington, Ky., who executed the above paintings, for his liberality towards Centre College, and for the skill he has exhibited in thus preserving the likenesses of two of its most excellent and beloved presidents. Resolved that Dr. Scott and General Price be certified of the above action of this Board by its Secretary. Board then adjourned to meet in the lecture room of the Theological Seminary tomorrow morning at 8 1/2 o'clock. June 17, 1874 8:30 a.m. Board reassembled. Rev. Edward P. Humphrey, D.D., Rev. John M. Worrall, D.D., William H. Kinnaird, Rev. Heman H. Allen, George W. Welsh, Thomas Barbee appeared and took their seats as members of the Board. Messrs. Humphrey, Hays, Welsh, Barbour, and Barbee, who had not been qualified since their last election, took the oath of office as prescribed by the Charter. On motion Dr. Edward P. Humphrey was elected Chairman. The report of the Faculty with accompanying reports on the Library and Museum were received and ordered to be spread on the minutes and are as follows: The Faculty of Centre College begs leave to submit to the Board of Trustees and to the Synod of Kentucky the following report in regard to the internal condition of the College during the academic year which closes the 18th of June 1874. Nothing unusual has occurred during the year. The work of the College has progressed steadily and without interruption. The professors have been at their posts and the students have generally been diligent in the �prosecution of their studies. Few disorders and none of a serious nature have occurred to disturb the quiet performance of the duties devolving upon us. The number of students during the present year, as our catalogue herewith presented will show, is in the College proper 64 and in the Preparatory Department 82 - making 146 in both departments or deducting those who attended both, 142 in all. The Faculty to whom the subject was referred by the Board submits a provisional scheme of study for all the classes. Should their experience lead them to desire a modification of the plan, they will hereafter present their views to the Board. The Faculty have given much consideration to the subject of a College Home. But as their views on this subject are embodied in a separate paper, we refer to it, herewith submitted, for their views in relation to it. Other matters are submitted in special reports on the museum and library. Respectfully submitted, 0rmond Beatty on the behalf of the Faculty Report on the Museum, June 16, 1874 To the Honorable Board of Trustees - Centre College Gentlemen: I have the pleasure of transmitting to your body this report of the condition of the Museum under my charge. All the material in possession of the College has been worked up (with the exception of a few specimens in zoology, which want of proper books has prevented my determining); have been properly arranged, labelled, numbered, registered and placed in their respective cases. Since taking charge in 1872, I have added a case for the reception of shells. For the present this is also used for the storage of skulls, snakes, fishes, etc. During the coming year the probable increase in these departments will make one or more additional cases necessary. The whole number of entries in all the sections is 1,342; the number of individuals in each species varying from 1 to 500, the majority, however, consisting of but one or two. Of this number the distribution is as follows: Mineralogical Section 689 minerals Geological Section 430 fossils Zoological 223 consisting of 176 shells, 23 reptiles, the remainder being corals, [unclear word], fishes, snakes, etc. The additions since my connection with the institution have been 446; all obtained without any expense to the College. Of this number 75 shells and 69 minerals were obtained by application to the Smithsonian Institution through the Honorable M. J. Durham. �The principal donors have been Dr. John W. Scott, 0rmond Beatty, the Smithsonian Institution, David Dale Owen and John C. Fales. Other friends and members of the various classes have contributed liberally. We have hopes of increasing the specimens in the Department of Comparative Anatomy (which at present is sadly deficient) within a short time, to an extent which will assist greatly in the study of this interesting branch. Members of the Board are requested to visit and see for themselves. Respectfully, John C. Fales Prof. Natural Sciences Report on the Library. The following report of the condition of the Library is submitted. An effort has been made in the moments of leisure from other duties to arrange and catalogue the books. This has been in the main accomplished (through the labors of Prof. Fales) and though the catalogue is not quite complete, enough has been done to show the following statistics: the whole number of books is a little over 4,000. Of this number 1,500 are publications of the government of the U. S. consisting of the proceedings of Congress, coast surveys, diplomatic correspondence, etc. Many of the volumes are old and badly worn and will require a large amount of labor in repairing and protecting for the future. It is expected that another year will see this accomplished. Quite a number of donations have been received during the past two years, a statement of which is given below. It may be added that very few of the books are of assistance to the professors in the study of their departments, or to the student on the subjects which require their attention. Donations received - whole number 357 From U. S. Government 215 From Naval Observatory 6 From Smithsonian Institution Cont. Reports 3 From Book Trade Association Phil. works on Political Economy and Social Science 6 From 0rmond Beatty Natural History New York 19 From Presbyterian Board of Publications through A. A. Haye 69 From American Swedenborgian Society Works of Swedenborg 19 From New York Book Trade Association 1 From Dr. John W. Scott, History of Presbyterian Church, Life of John J. Crittenden 3 From J. Smith Trethy 1 From By purchase 13 After the reading of these reports it was resolved that the thanks of the Board be extended to Prof. Fales, by whom the work was mainly done, for his labor and care in arranging labeling and numbering the specimens in the Museum and the books in the Library, and also to the donors of books, minerals, costs, etc. �A report on the subject of College Home was submitted by the committee to whom this subject had been committed, but on motion the subject was deferred in order to hear a report from Dr. John L. McKee. The report was received and referred to a committee, viz. Messrs. Rodes and Kinnaird. Report of Dr. John L. McKee, Collecting Agent for Centre College, made to the Board of Trustees, June 17, 1874. Commenced his agency March 20, 1873; continued without intermission until August 28, 1873; from this last date, until the present engaged only occasionally. Whole number of notes taken and herewith submitted - 610 The subscriptions for which notes have not been taken are as follows: Mrs. C. Lucas Reported before $1,000 W. A. Downton Reported before $300 H. C. Tilford $100 M. T. Scott, Jr. Reported before $105 John M. Harlan To be deducted for fee against Centre College $500 S. P. Graham Reported before $100 J. P. Gheems Reported before $250 Col. A. Hogeland Reported before $250 J. F. Huber, Sr. Reported before $50 J. S. Crowell Reported before $250 J. T. Cooper Reported before $250 J. H. McCampbell Reported before $100 W. Armstrong Reported before $200 Bland Ballard $30.70 John Ryan $5 Mrs. S. C. Dohoney $25 Mrs. J. P. Murphy $25 J. L. Senour $25 R. L. McMurtry $10 Without notes $3,575.70 Subscriptions paid in bonds Clifton Rodes $1,000 Levi L. Warren $10,000 Elizabeth 0. Boyle $1,000 James Kinnaird $500 A. R. McKee $250 �J. B. Kinkead $500 Logan McKee $300 L. C. Murray $220 Bonds $13,770 Subscriptions in money paid to John J. McKee Mrs. C. C. Young $50 Miss S. L. Young $50 James A. Andrews $25 John W. Means $200 Hugh Means $100 Robert Pebles $100 W. C. Ireland $10 James A. Hashell $10 Matthew Young $2 James M. Wakefield $10 Lulee Allen $0.05 George H. Hull $100 Thomas B. Crutcher Reported $100 Bland Ballard Reported $69.30 0. G. Holt $200 John D. Taggart Reported $50 G. J. Huber, Sr. Reported $50 Mrs. R. D. Hill in exchange for subscription of $250 Reported $225 Joseph Watson $1 Elias Thomasson Reported $50 E. S. Portor Reported $5 R. Boyd $25 James F. Huber Jr. Reported $25 Florence Y. Love Reported $10 Mrs. Em(?) P. Semple Reported $25 Mrs. Geo. Merriweather Reported $25 Thomas. Stevens Reported $50 R. M. Cunningham $25 G. J. Lewis Reported $25 Mrs. H. L. Barret Reported $10 William. Griffith Reported $25 W. S. Wilson Reported $5 �Mrs. S. T. Wilson Reported $20 H. V. Loring Reported $25 Mrs. H. W. Good Reported $25 Miss Alice Short Reported $25 Mrs. Catherine Kelsey Reported $5 R. L. Butler Reported $5 Wm. Richardson Reported $25 Geo. T. Hodges $2.50 Miss Mary Taylor $10 Mrs. Elizabeth Smith $10 Judge Haggard $10 Geo. P. Newlin $25 Jno. Walker $50 Cash $37 $1,931.85 Credited by the following sums deposited in the First National Bank, Danville, Ky. to the credit of Centre College, Special Fund, viz. July 2, 1873 $700 October 20, 1873 $840.30 Travelling expenses including purchase of buggy's harness $600 Advertising in Kentucky Presbyterian $38.60 Balance due John L. McKee $2,173.90 $242.05 All of which is respectfully submitted, John L. McKee (It will be seen by comparing the above list of subscriptions with those reported by Dr. McKee on last year that many of them are identical with those before reported.) The committee to who was referred the report of Rev. John L. McKee, D.D., beg leave to say that they have not had time to give more than a superficial examination to the papers introduced with the report, nor have they compared the notes filed with the schedule. For the purpose, however, of making the memorandum strictly reliable, they recommend that the notes and schedule be carefully revised and attested by someone whom the body may name. They therefore recommend the adoption of the following resolutions: 1. 2. 3. That the report of Dr. John L. McKee be accepted, That the Financial Committee be requested and directed to revise and attest the schedule of notes filed by Dr. John L. McKee with his report and make return thereof to the next meeting of this body. That Dr. John L. McKee be credited by the sum of $242.05 on his subscription to the Endowment Fund of Centre College, with interest thereon from the time the same was due. The report was received and adopted. �A letter was received from Prof. Chenault tendering his resignation of the Chair which he now fills. After a free conversation on the subject Dr. Humphrey, Dr. Worrall and 0rmond Beatty were appointed a committee to confer with Prof. Chenault, and to see if he could not be induced to reconsider the matter and withdraw his resignation. The committee to whom was referred the report of the Financial Committee made its report, which was received and adopted and is as follows. The Committee has examined the Financial Report for the year ending June 1, 1874, and recommend that it be approved. 1. 2. 3. 4. 5. 6. The Committee would call the attention of the Board to the explanation of the Treasurer in reference to the apparent excess of expenditures over the income of the past year. The Committee recommend that in consequence of the confusion in the statement of the present condition of the funds, arising from the loss by robbery of so many of our bonds, their partial recovery, and the expense attending the same, a new detailed statement of all the assets of the College be made out and presented in the next annual report. That the Financial Committee be authorized to employ, whenever they deem it necessary, a financial agent to collect the funds due the College, paying him a reasonable commission. That the Board urge the collection of the individual notes due the College - especially those of Fox, Lyle, P. S. Taylor, Yeiser, Lee and others, leaving to the committee, however, discretionary power. That the committee be authorized to offer the note of A. M. Taylor, amount $1,414.74 due December 9, 1874 - for discount in Bank, and if discounted the proceeds be appropriated to the reduction of our debt in Bank. The attention of the Board is called to the fact that over $20,000 of the funds of the College is invested in county bonds. Heman H. Allen, John W. Scott The following three additional resolutions in relation to the finances were adopted: 1. 2. 3. Resolved that the Financial Committee be ordered to transfer so much of the income of the two bonds belonging to the Boyle Prize Fund as shall remain from time to time after purchasing annually the prize, to the general fund of the College until the sum of $273, originally taken from said fund to pay for the recovery of one of these bonds, shall be restored. Resolved that the following items of expenditure embraced in the annual report for the year just closed, to wit $1,459.25 paid for the recovery of the stolen bonds; $1,300 paid Dr. McKee as Agent for the income of the Endowment Fund; $1,250 salary of Dr. McKee which the Board at a former meeting ordered to be paid out of any funds in the hands of the Treasurer, amounting in all to $4009.25, be charged to the account of the General Fund and the Treasurer is hereby ordered to make the entries on his books accordingly. Resolved that the Committee on Investment at Louisville be requested to transmit to the Treasurer just before the close of the financial year an official statement in detail of all the bonds, etc., belonging to the College and held in Louisville for safe keeping, with a statement of their market value. Upon the recommendation of the Faculty the degree of A.B. was conferred upon the following young gentlemen members of the Senior class viz. George Christie Cohen, George LaFayette Dunlap, James Frazer Read, William Henry Show, James Fletcher Combs, William Henry McGronaghan, Samuel Andrew Scott, Watson Andrew Suddeath and the degree of A.M. in course upon George R. Pryor of the Class of 1866 and upon Lewis M. �McMurtry of the Cclass of 1870, and the honorary degree of A.M. upon Prof. J. M. Meyers of Stanford, and the degree of D.D. upon Rev. M. R. Miller of Clovesport. The consideration of the report of the committee on the College Home was resumed and the report of the committee was received, adopted and is as follows. The committee appointed at the meeting of the Board in Covington in October 1873 to consider the matter of providing a place for a College Home or means of securing cheaper boarding for the students while attending College would report 1. 2. 3. 4. 5. That in their judgment after a careful consideration of the whole matter in all the light that they can procure, it is of prime importance to the prosperity of the College that some arrangement should be made to secure cheaper boarding for the students. In the opinion of the Committee, the best means within our reach to meet the necessity is to build a house that shall serve as a dormitory for the students at some suitable place on the College grounds and then as soon as the necessity shall require it, provide a boarding house at which the students can take their meals, where the price of day-boarding may be kept always within limits that shall be as cheap as it can be afforded. Your Committee have examined with patience and care of the buildings now on the ground to ascertain if the accommodations we need can be made out of any of these. For reasons which we need not detail, we are satisfied that none of these can be made permanently to answer the purpose. But the house now occupied by the President of the College can be made to serve admirably for a refectory or boarding department in this new arrangement, if we have a dormitory built somewhere nearby it. But this of course will involve the necessity of providing another for the President. Your Committee therefore recommend: (1) That a committee be appointed to make arrangements for building a lodging house or dormitory at some suitable place on the grounds belonging to the College, and also to arrange for a boarding place for such students as may occupy the dormitory or as may wish to avail themselves of the arrangement for cheaper boarding; (2) That in case it shall be found best to take the house now occupied by the President for a boarding department, then the Committee shall also provide a house for the President of the College, by rent or purchase or building a new one. And it is the judgment of the Committee that it would be best, as soon as may be, to build a house suitable for the President on the grounds of the College. But in any case, it is recommended by your Committee that it be the order of this Board that the President shall not be allowed to give up his present house until another suitable one shall be provided for his occupancy; (3) Your Committee recommend that the expense of this new arrangement the building of the dormitory, and the furnishing of the same, with the building of the President's house shall not cost to exceed twenty thousand dollars, and that Dr. John L. KcKee be appointed and requested to raise this sum from the people as soon as it can be done, and that the building of the dormitory be put under contract when $10,000 shall have been subscribed which may be regarded as good and safe for collection, and that the purchase or building of a President's house be entered upon as soon as the Committee may judge that the funds subscribed or in any way under their control for this object may justify. Committee further recommend that inasmuch as the demand is present and urgent for rooms for dormitory purposes, this committee shall fit up and furnish such rooms as can now be used for that purpose and as may be needed, in the old and new College buildings and wherever else about our buildings they may find any to suit; and make such temporary arrangements for boarding as may be needed. Edward P. Humphrey, John M. Worrall, George W. Welsh, 0rmond Beatty - Committee �The following committee was appointed to carry out the above recommendations and orders of the Board, viz 0rmond Beatty, George W. Welsh, Prof. Fales, and Edward P. Humphrey. Board adjourned to meet at 2:30 o'clock p.m. 2:30 o'clock p.m. Board reassembled. A claim was presented by General John A. Harlan for services in the College suit. The amount of the claim was $3,500 for his services in the Circuit Court, the Court of Appeals, and the Fiscal Court. From this sum was to be deducted whatever had already been paid to him, together with the sum of $500 his subscription to the College. The Board authorizes the Financial Committee to pay the claim of General Harlan out of whatever funds, principal, or interest may come into their hands, or be at their command. A letter was read from Dr. McKnight tendering his resignation as a member of the Board of Trustees. Ordered that Dr. Worrall, in connection with the Financial Committee, settle with the Rev. George Coons for his services to the Board in raising an endowment fund. Ordered that the Preparatory Department be continued for another year on the same general basis as heretofore, but the Financial Committee is directed to see what can be done towards making it self-supporting; and the Faculty of the College are directed to confer with the Principal in reference to improved modes of study and instruction. The Financial Committee is authorized and instructed to settle with the lawyers of Danville for their services in the College suit, allowing them their claim of $350 for carrying the suit through the Court of Appeals. They had been previously paid for their services in the Circuit Court. The following resolution in regard to the work of the Faculty was adopted, viz. Resolved that in the judgment of this Board the thorough instruction of the students requires the undivided attention of all the Faculty, and that none of the Faculty can engage in any stated employment outside of the College without impairing his usefulness to the Classes. This resolution shall be communicated to the Faculty. This resolution does not apply to the Vice President. Standing Committees unchanged. Resolved that Dr. McKee be authorized to secure cash contributions for such objects connected with the College or his work as the donors may choose to designate. Resolved that Dr. McKee be authorized to receive subscriptions for the special object of paying his salary for three years under a former resolution of the Board, engaging his services for that period as an evangelist and for special services. Board adjourned to meet at the close of the exercises in the 2nd Presbyterian Church this evening. 10 o'clock p.m. Board reassembled, but having no business before it adjourned to meet at 8:30 o'clock tomorrow morning. �Thursday, June 18, 1874. Board reassembled pursuant to adjournment. In the absence of the Chairman and Secretary, Mr. Barbour was called to the Chair and Mr. Allen appointed Secretary. Mr. Worrall made a statement to the effect that such arrangements had been made with Prof. Chenault that he consented to withdraw his resignation. It was then ordered that Prof. Chenault be permitted to rent out the house he now occupies. The Board then adjourned to meet at 8 o'clock p.m. in Danville on Tuesday before the 3rd Thursday in June 1875. Closed with prayer by Rev. Dr. Worrall. 0rmond Beatty, Secretary Centre College [The detailed financial report for 1874 follows. A typed transcription can be viewed at http://www.centre.edu/web/library/sc/digital/pdf/30602_1874.pdf] Danville Kentucky June 15, 1875 Board of Trustees met pursuant to adjournment and was opened with prayer by the Rev. John S. Hays, D.D. who was, in the absence of the Chairman, chosen to preside. Members present Rev. John S. Hays, D.D., Rev. Heman H. Allen, Rev. Stephen Yerkes D.D., Rev. James P. Hendrick, Robert Rodes, Esq., Rev. John M. Worrall, D.D., William H. Kinnaird, Levi L. Warren, John W. Scott. Minutes of the last meeting were read and approved. On motion, a committee was appointed to whom was committed, for examination, the accounts of the College Home presented by Dr. John L. McKee. Messrs. Ernst and Scott were appointed this committee. On motion, Dr. McKee was allowed to make a statement in reference to his work as an agent for soliciting funds for the further endowment of the College and for collecting the former subscriptions. A committee consisting of Messrs. Worrall, Warren, and Welsh was appointed to confer with Dr. McKee and report to the Board on tomorrow evening at 8 o'clock p.m. The Financial Report was read, received and referred to a committee, viz. Messrs. Ernst, Warren, and Scott. The Faculty report was read, received and it with accompanying papers was referred, viz. Messrs. Hendrick, Allen and Kinnaird. Faculty Report The Faculty of Centre College beg leave to submit to the Board of Trustees and to the Synod of Kentucky the following report in regard to the internal condition of the College during the academic year which closes the 17th day of June 1875. In the earlier part of the winter the health of Prof. Chenault, whose physical powers had been severely taxed, gave way, and he was compelled for a time to abandon his class room. His colleagues cheerfully undertook his work as far as it was in their power. But with their advice Prof. Chenault took a season of absolute rest, which it was �thought the condition of his health demanded. The Faculty, already so fully occupied with their own work, were not able to hear all his classes, and it became necessary to assume the responsibility of employing temporary help. The Faculty secured the services of Mr. Robert D. Chenault, who had been trained under the eye of his brother and whose aid proved to be most acceptable to the Faculty and to the students. He continued with us to the close of the year and rendered very great assistance for a comparatively small compensation. Prof. Chenault's health has been re-established and he has been since April at his post. The other professors have been in their places and at their usual work. There was, for many weeks last spring, a very deep religious interest among the students. Although we are not able to record many additions to the Church as the fruit of this awakening, yet we believe that great good was done. Professors of religion were greatly revived, back sliders were reclaimed, some conversions we have reason to hope took place, and an interest was awakened in many which we trust may yet bear fruit. We confidently expect to see or hear of many joining the Church, hereafter, who will refer their first impressions to this awakening last spring. The College Home has been in successful operation during the year. The Faculty made diligent effort by advertising and in other ways to disseminate information in regard to it. The result was that we had more applications for places than we had at our disposal, and we were compelled to refuse a number. But as all to whom places were promised did not come to College we always had a few beds at our disposal and no one was rejected who reached Danville. The actual number who occupied rooms in the Home is 32. There are in the building seventeen rooms not occupied by the matron and her family. This makes provision for 34 students, and as, in several instances, they have gone voluntarily three into a room, 38 or 40 may be accommodated. A kitchen and a dining room have been fitted up in the building, and a matron appointed who furnishes their meals to as many as may desire it in the building itself. The lady solicited for this post is Mrs. Gilbert, a Christian lady of high character who came to Danville from St. Charles, Missouri, and who is personally well known to some members of the Board of Trustees. A separate paper regarding the College Home will be submitted herewith and made a part of this report. It may be proper to add that most of the students of the College Home are in the earlier stage of their education. Perhaps about one half of them desire and expect to take a full course and graduate, and among them are found some of the most promising students in the College. The Faculty are of one opinion in regard to the advantage which the College derives from the Home. Closely connected with the Home is the subject of a sub-Freshman class in College. A number of young men in the Home are older than the average students of our Preparatory School, and in a condition to make more rapid progress. The full preparatory course requires three years to fit a young man, or rather lads of the age usually found in this school, for the Freshman class. But a number of the young men of the Home were organized into a sub-Freshman class and after one year's study, these young men are not only able to enter the Freshman class, but to take the highest place in it. The sub-Freshman class was taught exclusively by the professors until the sickness of Prof. Chenault compelled the Faculty to call in the assistance of his brother. The Faculty are clearly of the opinion that the sub-Freshman class ought to be kept up, although it materially adds to their labors, until the resources of the College will justify permanent provision for this department. The Special reports on the Library, Museum, and Chemical Department will exhibit their present condition. They are herewith submitted and made a part of this report. �The Financial Report and annual catalogue will show the state of the finances and the number of the students the past year. The catalogue will show a roll of 99 students in College proper and 78 in Preparatory, or deducting those common to both departments, 170 in all. This will show an increase of 35 in College Proper and a decrease of 5 in the Preparatory, or a total increase of 28 in all. The Faculty recommend the following fifteen young men for the degree of A.B., viz. Clifton Rodes Anderson, John Clinton Barret, Samuel Robertson Cheek, Thomas Porter Curry, Joseph Crittenden Finnell, Henry Horace Grant, William McDowell McClure, John Thomas Vansant, William Craig Barkley, William McDowell Bent, William Henry Cooper, James Bailey Dunlap, John Donaldson Fleming, Breckinridge Jones, Joshua Bell Reed. Respectfully submitted, 0rmond Beatty Library To the Board of Trustees of Centre College. The following items are offered for your consideration, as to the condition of Centre College Library and the additions thereto during the year ending May 31, 1875. Number of books added by purchase 85 Number of books added by donation 118 Catalogued June 1, 1874 2,845 Alcove A (uncatalogued) 1,112 Total 4,160 List of Books Purchased Motley - Rise of the Dutch Republic 3 vols. Motley - History of United Netherlands 4 vols. Motley - John of Bomeveld 2 vols. Grote - History of Greece 12 vols. Rowlinson - Ancient Monarchies 3 vols. Bukle's History of Civilization in Europe 2 vols. Draper's Intellectual Development of Europe< 1 vol. Taine's English Literature 2 vols. Reek's Greek Antiquities 1 vol. Spencer's First Principles of Philosophy 1 vol. Spencer's Biology 2 vols. Spencer's Psychology 2 vols. Spencer's Social Statics 1 vol. Spencer's Discussions 1 vol. Spencer's Essays 1 vol. Munsie's History of Philosophy 2 vols. �Mills - Political Economy 1 vol. Mills - Autobiography 1 vol. Colridge - Complete Works 7 vols. Stanley's Jewish Church 2 vols. Stanley's Eastern Church 1 vol. Ruskin's Modern Painters 5 vols. Alibines Dictionary of Authors 3 vols. Thornwell's Theological writings 4 vols. Mill's Logic 1 vol. Broadus' Sermons 1 vol. Miller's Feleche in Theology 1 vol. Froude's England 12 vols. Jowetts Plato 4 vols. Books donated - Honorable M. G. Durham Hayden's Geological Survey of Territories 4 vols. Medical History of Rebellion 2 vols. Congressional Record 8 vols. Exploration for Ship Canal 1 vol. Address on Charles Sumner 1 vol. Commerce and Navigation, 1873 1 vol. Commercial Relations, 1873 1 vol. Coast Survey, 1873 1 vol. By United States Government Public Documents 54 vols. By Smithsonian Institute Smithsonian Miscellaneous Collections 3 vols. Smithsonian Contributions to Knowledge 1 vol. Smithsonian Reports 71-72 2 vols. By Ormond Beatty Gregory's Chemistry 1 vol. Lavoisier's Chemistry 1 vol. Thompson Chemistry 2 vols. �Mitchell's Chemistry 1 vol. Becke's Geological Manual 1 vol. Poisier's Mechanique 2 vols. Froneven Mathematics 2 vols. Mineralogy 2 vol. Mineralogy Shepherd 1 vol. Beatty Agriculture 1 vol. Grnelin Chemistry 6 vols. Lechman Chemistry 1 vol. Coast Survey 2 vols. Commercial Relations 1 vol. Boucherlot's Calculus 1 vol. Meteorological Observations 3 vols. Pacific Railroad 2 vols. Jeffersons Notes on Virginia 0. Garnett 1 vol. By Book Trade Association Kelley's Speeches 1 vol. Report on Education, U.S. Board of Education 1 vol. Raymond's Mineral Resources Honorable M. J. D. 1 vol. Cudnure's Ireland by author 1 vol. John C. Fales, Assistant Librarian Museum The increase in the number of entries in the Museum during the past year though not great, is yet enough to be highly gratifying. By working up some old material and adding the donations the total number has been raised from 1,342 to 1,712 as follows: Added to Geological Section - Fossils 90 Added to Mineralogical Section - Minerals 123 Added to Zoological Section 4 Old Material 153 Beginning of the year 1,342 Total 1,712 John C. Fales �Expenditures in Scientific Department 1874 - June 1 to balance on hand $87.50 1874 - September 8 Scott Trust Fund $62.50 $150.00 By chemicals $8.11 By apparatus $29.64 By box and freight $1.50 By glass for Heliostol $1.50 By repairs to apparatus $0.15 Balance $109.10 $150.00 John C. Fales Additional paper relating to the College Home submitted by the Faculty In discussing the subject of the College Home, the following conclusions were reached by the Faculty which they desire to submit to the Board as their judgment in the several points. 1. 2. 3. 4. 5. 6. 7. 8. It is the unanimous opinion of the Faculty that the Boarding Department of the Home ought to be kept up. That the price of board ought to be definitely fixed at a rate not greater than $2.50 a week to be paid weekly or monthly in advance. All classes of students, Regular, Scientific and Preparatory students, ought to be received into the Home. But when all who apply cannot be accommodated, preference ought to be given to full course students over those who propose to take only a partial course. Each student shall be required to deposit with the President five dollars which shall be used in repairing damages should they occur. Should there be no injury the money shall be returned to the depositor at the end of the year or so much as may remain after making good the damages which his room, the buildings, or the grounds may have received through him. A committee of the Faculty shall be appointed to examine from time to time the condition of each room, and report to the Faculty. Assessments and collections shall be made, in pursuance of such report, of each student who may have inflicted injury upon the buildings or grounds. Such committee shall visit the rooms at least once a month. The matron of the College Home shall conduct it under the general superintendence of the Faculty of the College who shall, in subordination to the Charter and College laws, make such regulations for the government of the Home and of the students who live in it, as their judgment may approve. The question has been raised whether or not Mr. Lord's shop might not be converted into dormitory rooms for students. The Faculty, while making the suggestion, make no recommendation. The question of compelling the young men who occupy rooms in the Home, to take their meals in the building, evoked some discussion and showed a difference of views among the members of the Faculty; and Dr. McKee and 0rmond Beatty were requested to present the subject to the Board for its decision. A report was received from Mr. Ralston, Principal, in reference to the Preparatory. It was referred to the committee in the Financial Report. �Resolved that the Board will visit the College Home at 9 o'clock tomorrow morning. Adjourned to meet in the lecture room of the Theological Seminary at 10 o'clock tomorrow morning. Closed with prayer. Wednesday, June 16, 1875 Board reassembled and was opened with prayer by Rev. Mr. Hendrick. The oath of office was duly administered to Dr. Worrall, Mr. Kinnaird, Mr. Warren and Dr. Scott. On motion it was ordered that the Committee of Repairs, viz. Messrs. George W. Welsh, J. E. Wiseman, Thomas Barbee, with 0rmond Beatty and Prof. John C. Fales be authorized to erect on the College grounds a residence for the janitor at an outlay not to exceed $400. Prof. Chenault is authorized to take at cost not to exceed $100, three or more of his students to the State Teachers Association about to convene at Glasgow for public examination. The following degrees were conferred, viz. at the recommendation of the Faculty, the degree of A.B. on fifteen young gentlemen of the Senior class. The degree of A.M. in course on J. Clay Armstrong of the Class of 1851, Henry F. Albright of the Class of 1858, William L. Dulaney of the Class of 1857, Richard C. Warren of the Class of 1863, William Turner of the Class of 1870, and upon Arthur W. Johnstone and James B. Walton of the Class of 1872. The degree of D.D. on Rev. Richard Hooker Cobbs of Greensboro, Alabama, and upon Rev. George J. Reed of Columbia, Kentucky. The Board then took recess until 3 o'clock p.m. 3 o'clock p.m. Board reassembled. The committee to whom was referred the report of the Faculty submitted their report, which after consideration and amendment was adopted and is as follows: The committee to which was referred the annual Report of the Faculty of Centre College, and also the reports on the Library, on the expenditures in the Scientific Department and on the Museum have carefully examined the same and respectfully submit the following action as proper to be taken by this Board. We heartily commend the diligence, fidelity and wisdom of the Faculty in the management of the important trust committed to them in all its departments during the past year, and we give thanks to God who has so largely blessed their efforts in building up and extending the usefulness of our cherished institution. The annual catalogue shows a net increase of 35 in the College Proper and a decrease of 5 in the Preparatory. The report of the Faculty contains also the cheering fact that the Lord has been specially generous to the College in the pouring out of his Blessed Spirit upon the students, manifested in the quickening into higher life of a very large number of them, and in the hopeful conversion of a few. �The report of the Librarian shows a total of 4,160 volumes in the Library and an increase of 203 during the year, viz. 85 volumes by purchase and 118 by donation. The report of the Secretary of the Scientific Fund shows a total increase of $150 during the year with an expenditure of $40.90, leaving balance to the credit of that fund of $109.10. The report on the Museum of the College shows a gratifying increase in that Department also. There have been made during the year 370 new entries making a total of 1,712. The attention of the Board is called to the report of the Faculty recommending 15 young men - members of the Senior class - for the degree of A.B. We recommend the adoption by this Board the suggestions of the Faculty in regard to the College Home as far as the 7th. Upon this we recommend that a committee be appointed to visit the building referred to during the recess today and to report as soon as practicable. With reference to the matter suggested in the 8th Section, we recommend that it be left to the wise discretion of the Faculty as stated in the 6th section. All of which is respectfully submitted. Resolved that the members of the Board and the friends of the College be required to make between this time and the opening of the next session such communications touching the College in the local newspapers in their respective sections as they may find practicable; and if convenient send copies of such papers to Dr. Beatty. The Committee to which the Financial Report was referred submitted a report which was received and adopted and is as follows: Your Committee has had placed in their hands the following papers: 1. 2. 3. Financial Report of Centre College List of notes for subscription to College endowment fund, etc. Report of Principal of Preparatory Department They have examined the figures and compared the vouchers with the payments and find them to be correct. It appears from the Financial Report that the Permanent Fund is indebted to the Income Fund in one sum of $1,055.10 and another of $840. Your Committee recommends that the first monies collected on Permanent Fund account be applied to the payment of these two sums. They further recommend that such of the old notes as can be made available be collected as soon as practicable and the proceeds applied as above. In reference to the Preparatory Department, your Committee recommends that it be placed upon a self-sustaining basis and that the Faculty be authorized to make such arrangements as will secure that result if practicable. �The committee to which was referred the accounts of the College Home reported that there appeared to be private accounts made in running the Home and with which this Board has nothing to do. The accounts were returned without examination and the committee was discharged. The committee on that part of the Faculty report which referred to Mr. Lords shop made their report which was received, adopted, and is as follows: Your Committee has examined said building and recommends that the matter be referred to the Faculty and to the Financial Committee to act in the case as seems to them best, with the suggestion, in case more room is needed, to sell said building and ground and erect additional buildings on the College grounds. The Faculty were authorized to prepare a suitable certificate to be granted to Scientific students or such as have not taken the full regular course of study. A motion was made and passed to take up at this time the subject set for 8 o'clock tonight. Rev. Edward P. Humphrey, D.D. and Honorable Tyler T. Alexander appeared and took their seats as members of the Board. Pending the discussion of the subject before it, the Board adjourned to meet at 8 o'clock p.m. at the house of Mr. Beatty. 8 o'clock p.m. Board reassembled. On motion, the Faculty of the College was empowered at their discretion to employ a teacher for the subFreshman Class at a salary which shall not exceed $400 per annum. The following standing committees were appointed On Finance - 0rmond Beatty, George W. Welsh, George E. Wiseman, and Thomas Barbee On Repairs - Welsh, Barbee and Wiseman On Investments - Levi L. Warren, Edward P. Humphrey, and John B. Temple The following paper in regard to Dr. McKee's work was adopted, viz. It is the sense of this Board that the agreement heretofore entered into with Dr. John L. McKee to raise an endowment for the College be continued from the 1st of July next, or as soon thereafter as practicable, until the further order of this Board, on the terms heretofore agreed on, that is to say, he shall receive a salary as Vice President of $1,000 as heretofore and the additional sum of $2,500 for his services in securing subscriptions and such evangelistic work as he may find time to engage in. He is requested to confer with and co-operate with the Financial Committee of the College and report to them at least once in two months the progress of his work. It is desirable that Dr. McKee give as much of his time to evangelistic labor as practicable and that he be paid for his services quarterly out of the first money collected of the subscriptions not otherwise appropriated. It is further recommended that in the subscriptions taken the notes be without restrictions or limitations as far as possible. The division of Dr. McKee's time between his duties in the College and his evangelistic work shall be arranged between him and the Faculty of the College. �The following order was adopted, viz. Ordered that a committee consisting of Dr. Hays, Beatty, and Welsh, be appointed to prepare on behalf of the Board a statement of the necessity of the prompt collection of the notes now due, to be used by Dr. McKee in their collection; also to prepare a suitable heading for a subscription book. Ordered that a committee consisting of 0rmond Beatty, John C. Fales and Dr. McKee be appointed to make a clear and distinct classification of the subscriptions already taken, as well as those that may be made in the future, including both notes and cash subscriptions, and that they be permanently recorded for reference. The Secretary is authorized to procure a separate account book, in which the financial reports shall be recorded, and which shall be considered as forming a part of the minutes of the Board. Minutes were read and approved, and the Board then adjourned to meet in the basement room of the 2nd Presbyterian Church in Danville at 8 o'clock p.m. on Tuesday before the 3rd Thursday in June 1876. Closed with prayer. 0rmond Beatty, Secretary Danville, Kentucky June 13, 1876 Board of Trustees met pursuant to adjournment at 8 o'clock p.m. in the basement of the 2nd Presbyterian Church. Members present, Ministers: Rev. John M. Worrall, D.D., Rev. John S. Hays, D.D., Rev. Thomas H. Cleland, D.D., Heman H. Allen. Elders: William Ernst, George W. Welsh, John W. Scott, M.D., Levi L. Warren, Robert Rodes, Thomas Barbee. In the absence of the Chairman, Dr. Worrall was chosen Chairman pro tem, and opened the meeting with prayer. Pending the reading of the minutes, two of the students made application for certain favors to the Board. The reading was then resumed and completed, and the minutes of last year approved. An application was made on the part of the students for permission to attend a hop to take place this evening in James Hall. The following reply was returned. Resolved that while the Board desires to gratify the young men of the College, they deem it inexpedient to modify the present law of the institution in regard to public balls and similar places of amusement, and therefore cannot comply with their request. A communication was received from Gen. Fry in regard to the sale of his property to the College. It was referred to the Financial Committee; and to the same committee was referred a communication from the Board of Trustees of the town in relation to the widening of Main Street, and to the opening of a new street to the East of the College grounds. The Financial Report was submitted and referred to a committee of three, viz. Rodes, Warren and Ernst. The Board then adjourned to meet at 9 o'clock tomorrow morning. Closed with prayer. �June 14, 1876, 9 o'clock a.m. Board reassembled and was opened with prayer by Dr. Worrall. Minutes of yesterday were read and approved. The Faculty report was read and referred to Cleland, Hays and Scott and is as follows, viz. The Faculty of Centre College beg leave to submit to the Board of Trustees and to the Synod of Kentucky the following report for the academic year which will close the 15th of June 1876. Blessed with health and unimpeded by other cares, every member of the Faculty has been able, during the year, to give his entire time to his appropriate work. The number of students in the College during the year has been greater than for many years, viz 131 in College Proper and 60 in Preparatory. Although we are compelled to lament more than the usual amount of disorder in the College during the year, demanding more than the usual amount of discipline, and are compelled to confess that some of our students have not, by their diligence and attention and progress, fulfilled expectations of their parents, still our classes have done remarkably good work. As classes we have seldom had them to make better progress than during the year now about to close. Whilst most of the students have exhibited commendable zeal in their studies, we regret that we have seen little evidence of the presence of the Divine Spirit among them. No revival of religion among them has gladdened our hearts. Nothing so strengthens the hands and hearts of the instructors as a pervading influence of religion among the students. The Home has been in operation during the year, but not unaccompanied without difficulties, which the President is requested to present, in more detail, to the Board, with such suggestions as the Faculty would make through him. Several special and supplementary reports that will be presented render it unnecessary for the Faculty to go into details that will be given more fully in these papers. Reports on the Library, on the Museum and on the Scientific Fund will accompany this report and are made part of same. The ordinary Financial Report, and the annual catalogue, herewith presented to the Board, will furnish full information upon the topics of which they treat. The report of the Financial Agent and Evangelist will exhibit his work. The Faculty recommend the following seven young men for the degree of Bachelor of Arts, viz. Archibald Burton, Frank Jacobs Cheek, William Ridgely Griffith, John Hise Millehan, Joseph Smith Moore, Andrew Bonner Semple, Joseph Henry Skinner. Report on the Museum The following statement shows the condition of the Museum at the close of the year 1876 (June). Number of entries June 1, 1875 1,712 Added during year - Fossils 101 Added during year - Minerals 28 Added during year - Shells 170 Total 2,011 �This number 2,011 indicates the number of separate labels. The number of specimens is much larger, there being many duplicates. Of the 170 zoological entries, 98 embrace a series of shells, several hundred in all, donated by Furman C. Whitaker, Class of 1879. These shells are from the West coast of Florida. John C. Fales Report on the Library Number of Books in Library June 1, 1875 4,160 Added during the year by purchase 34 Added during the year by donation /td> 53 87 Total June 1, 1876 4,160 John C. Fales, Librarian Report on the Scientific Fund 1875 June 1 To Balance $109.10 1875 June 18 General Fund 2 years app. $100 1875 June 18 Scott Trust Fund $62.50 1875 September 14 Scott Trust Fund $62.50 1876 Cash, Dr. Scott $6.00 1875 By sundry accounts, see book $40.25 1875 November 30 Bill of E. Benjamin $46.11 1875 November 30 Express on same $3.70 1876 January 7 Stouts bill $22.40 1876 January 7 Labels $1.00 1876 April 4 Express $1.60 Balance June 1, 1876 $340.10 $115.06 $225.04 There is on the way from London a Garrett Spectroscope which will cost with freight about $250. John C. Fales An application for the introduction of gas into the College Building was made by Prof. Fales. The application together with the subject of introducing gas into the President's house was referred to the Financial Committee with authority to act according to their judgment. A letter was received from Professor James C. Randolph tendering his resignation of the Chair of Mathematics. The resignation was accepted, and Drs. Hays and Scott were appointed a committee to draft a suitable minute. �The President also stated that Prof. Robert A. Chenault desired to give up the Chair of Latin, which he had filled during the year. The Board then listened to the reading of testimonials in favor of several different persons who were applicants for the Chair of Mathematics, and upon motion, the subject of the election of Professors was made the order of business for the afternoon session. A copy of Mrs. Hanna Pike's will was produced and Mr. Beatty was requested to carry it with him to New York, in order to ascertain whether there were any reasonable grounds of prosecuting the claims of the College founded on it, with directions to act according to his judgment in the matter. A letter was received from L. H. Ralston, Principal of the Preparatory Department tendering his resignation. Referred to Messrs Allen and Scott, with Dr. Beatty associated with them. A letter from Mr. Read relating to the Williams land was presented, and the whole subject was referred to the Finance Committee with authority to act according to their judgment. The renting of the Overton farm was committed to Dr. John W. Scott, with full powers. Board adjourned to meet at 3 o'clock this p.m. 3 o'clock p.m. - Board reassembled. A report in relation to Prof. Randolph's resignation was presented and adopted and is as follows: Prof. James C. Randolph having tendered his resignation of the Chair of Mathematics in the College, therefore resolved, 1st. That in accepting his resignation we bear our unqualified testimony to the ability and fidelity with which he has discharged the duties of his chair, and to his success in imparting a knowledge of mathematics to those who, from time to time, have been under his care. As a gentleman and a Christian he has commanded our confidence and esteem; and we cheerfully assure him of our prayers for his continued success and usefulness in whatever field of labor his lot, in the future, may be cast; Resolved, 2nd. That the Secretary of the Board be directed to send Prof. Randolph a copy of these resolutions. John S. Hays, John W. Scott (Committee) An application was made on behalf of the Senior Class for aid in paying for the music on Commencement day. Under the peculiar circumstances, and necessarily heavy cost of the music to so small a class, the Board ordered the sum of $25 to be paid to this object, but on the express condition that it shall not be regarded as a precedent for the future. The report of Dr. John L. McKee in regard to his work as an Agent and an evangelist was submitted and referred to the Committee on the Financial Report. The subject of the election of Professors was then taken up and Dr. Alfred B. Nelson was elected Prof. of Mathematics, but as two thirds of the Board were not present, a permanent election could not be made. Prof. Robert K. Patterson was unanimously chosen for the Chair of Latin and Dr. Scott was appointed a committee to visit Prof. Patterson and to ascertain whether he would accept the office, and to telegraph the result of his interview with Prof. Patterson. �The report on the Faculty report was submitted and adopted, and is as follows, viz. 1. 2. 3. 4. 5. 6. Every member of the Faculty has during the entire year been at his post, and been enabled to devote his entire time to his appointed work. The number of students matriculated has greatly exceeded that of many years previous — 131 in College Proper, 60 in Preparatory. There has been no special outpouring of the Holy Spirit on the College during the year just closed, but on the contrary rather more than the usual amount of disorder, requiring discipline. This is most deeply to be deplored, especially at such a crisis as this, during this centennial year so signalized in other Colleges by such wonderful manifestations of Divine power. This fact should call forth the profoundest humiliation and earnest prayer to Almighty God for the future religious welfare and prosperity of the College. The progress of the students in literary studies has been very commendable. The Home has been in operation, but not unattended with difficulties. The report shows the increase in the Library, the Museum and the condition of the Scientific Fund. Thomas H. Cleland, John S. Hays, John W. Scott (Committee) The report on the Financial Report was submitted, adopted and is as follows, viz. The Committee have examined the Financial Report and find it to be correct. There was an omission of one item of expenditure of $250 reducing the balance in bank to the credit of Special Fund by that amount. That omission has been corrected. The Committee recommends that all the bonds which are in default for interest be sold, whenever they can be disposed of to advantage, and the proceeds invested in safe interest paying securities. The report itself shows the condition and character of the various funds of the College and further specification of them in this report is deemed unnecessary. There is reported the sum of $638 of principal collected on subscriptions to the Vice-President Fund, the interest upon which is to be applied to the payment of the salary of the Vice-President. The Committee recommends that this be made the beginning of a permanent endowment of the chair of the Vice-President. Robert Rodes, Chairman Dr. John L. McKee's Report, June 14, 1876 I beg leave herewith to report, that I have prosecuted the work assigned to me, since July 1, 1875, under the general advice of the Committee with which I was to confer. I have made a special effort to accomplish four things, viz. to collect the money due the College, to secure students, to preach the gospel, and to obtain additional subscriptions. 1. Collections - application has been made to all persons in debt to the College, in person or by mail. The Financial Report will show amount of collections. Many of the subscribers have been embarrassed by the hard times, and have not been able to pay. A few persons refuse to pay this subscription, alleging that they only subscribed to protect the College against loss by the robbery, and that the recovery of the Bonds releases them. What shall be done with these cases? �2. 3. 4. New Students - we succeeded in getting a number of new students, who would not have come to Centre College, except through the influence of some such agency. Nearly all of the students thus secured have done remarkably well. In response to our solicitations, many parents have promised to send to our College in the future, who are not able to send during the present year. Preaching the Gospel - during the year commencing July 1st 1875 have preached more than two hundred and ninety times as follows: July 1875: Broodwell, Harrison County 21 times; Falmouth 6 times; August, Shelby County 37 times; Maysville twice; Shelbyville 3 times; Augusta once. October - Sharpsburg 26 times. November - Shelbyville 28 times. 1876 - Jan., Stanford 5 times. March and April: Maysville 38 times. April: Augusta 28 times. May: Lancaster 16 times; Flemingsburg 9 times. June: Harrodsburg 30 times. During the year, at Danville 37 times, New Providence 1, in Boyle County 2. In addition, assisted in organizing or conducting five Sabbath School county conventions. In all the protracted meetings except one, there were additions to the churches; in Shelbyville a powerful revival of religion which pervades all the churches in the town. Additional subscriptions - the people are so much depressed by the financial condition of the country, the committee thought it best to make no public effort to secure additional subscriptions at present. We did what we could to prepare the way for good collections in the future, and there is reason to hope for something liberal after a while. Mrs. Mildred A. Wilson of Shelbyville, Kentucky, gave a note for $4,000 payable by her executors. She had given a similar note for $1,000 in September 1873. Mr. Adam Hanna of Shelby County made a cash subscription of $500. This case is more worthy of notice because Mr. Hanna is a member of the M. E. E. Church, South. Brother Heman H. Allen's influence was the chief instrumentality in bringing out this, and some other cases of liberality in Shelby County. Received as a free will offering from the churches to which I preached as follows: Broodwell Church $19; Olivet $58.70; Shelbyville $10; Sharpsburg $31.50; Maysville $100; Augusta $43; Lancaster $34.50; Flemingsburg $15; Danville $320 - in all $631.70. Add subscription of Mrs. Hanna $500 makes total of $1131.70. Harrodsburg [amount not shown] per [illegible word]. Handed Prof. Beatty Hanna's subscription $500. To Prof. Chenault $75. Travelling expenses, including horse hire, $146.75 - total $721.75. All of which is respectfully submitted. Squared by two notes, one for $209.95, the other for $200.00. John L. McKee The Committee to who was referred the report of Dr. McKee respectfully state that they have examined the same. It appears that but little has been accomplished during the year for the reasons stated in the report, in obtaining new subscriptions or in collecting old ones. The principal work done by the Vice President outside of the College classes was evangelistic, which appears to have been greatly blessed to the churches with which he labored, and to the awakening increased interest in the College. In answer to the question what shall be done with those who refuse to pay their subscriptions on the ground stated in Dr. McKee's report, your Committee recommend that legal advice be taken as to the legal value of the plea, and if it should be regarded as an insufficient defense, to request again the parties to pay and if they still refuse payment, or to make some satisfactory arrangement, then to place the notes and claims in suit. Robert Rodes, Chairman Upon the recommendation of the Faculty, the degree of A. B. was conferred upon the following young gentlemen of the Senior Class, viz. Archibald Burton, Frank Jacobs Cheek, William Ridgely Griffith, John Hise Milliken, Joseph Smith Moore, Andrew Bonner Semple, Joseph Henry Skinner. The degree of A.M. in course upon William H. Weeden, Class of 1863; Rev. William J. Lapsley, Class of 1864; George Moore, Class of 1870; James E. Gardner, Class of 1870; Alexander G. Drury, Class of 1865, and upon William Ayres, William. J. Hendrick, Matthew T. Scott, �Jr., John B. Worrall, and John W. Yerkes, all of the Class of 1873. The honorary degree of A.M. was conferred upon the Honorable J. C. Underwood. The degree of Ph.D. on Prof. Jason W. Chenault, Class of 1861. The degree of L.L.D. on Honorable Nathen Green, Chancellor of Cumberland University, Lebanon, Tennessee. The degree of D.D. on the Rev. W. E. Jones, Hostsville, Pennsylvania, and the Rev. P. S. VanNest, Centralia, Illinois. Recess to 8 o'clock p.m. 8 o'clock p.m. Board reassembled. Report in regard to Preparatory, was submitted and adopted and is as follows: The Committee appointed to confer with Prof. Ralston in regard to his resignation as Principal of the Preparatory Department beg leave to recommend (1) that his resignation be accepted; (2) that his proposition to take exclusive charge of the Preparatory Department, subject to the general control of the Faculty, without any guarantee of salary from this Board, be referred to the Faculty with full power; (3) that the arrangement be continued for one year. The Standing committees were continued Financial Committee - 0rmond Beatty, George W. Welsh, George E. Wiseman and Thomas Barbee Committee on Repairs - Welsh, Barbee, and Wiseman Committee on Investments - Levi L. Warren, Edward P. Humphrey, John B. Temple The Committee to which was referred the subject of introducing gas into the College building and into the President's house are authorized and empowered to act according to their judgment. The Financial Committee reported that under the authority of the Board granted last meeting, they had sold the property of the College on 4th Street and south of Green Street, and which was recently used as a carpenters shop, for the sum of $1,000, one half of which was paid and a note due next October taken for the remainder. The sale was approved and confirmed and Dr. Humphrey, the Chairman of the Board, authorized to make a conveyance when the remainder of the purchase money shall be paid. Adjourned to meet at 8 o'clock tomorrow morning. Prayer by Dr. Worrall. June 15, 1876 Board reassembled and was opened with prayer. Minutes were read and approved. Authority is given to the Committee to which was referred the subject of opening and widening the streets to act in the matter according to their judgment. In preparing a new edition of College laws, the Faculty are directed to have such changes introduced as will make them conform to the existing orders in regard to tuitions, terms, etc. Also in Chapter V, Section 2 to add the word "suspension" to the list of punishments. The order of last year in relation to the employment of a teacher for the sub-Freshman class was renewed. The College Home is committed to the Faculty of the College for their management. �Recess till 4:30 p.m. 4:30 p.m. Board reassembled. A telegram was received from Dr. Scott stating that Prof. Patterson would answer next week. Ordered that Prof. Beatty be directed to inform Dr. Scott that Prof. Patterson can have the Chenault house at a rent of $100 per annum. Minutes read and approved. Adjourned to meet at 8 o'clock p.m. in the basement room of the 2nd Presbyterian Church in Danville on Tuesday before the 3rd Thursday in June 1877. Closed with prayer. 0rmond Beatty, Secretary Danville, Kentucky August 8, 1876 Board met pursuant to call of Chairman. Members present, Rev. John M. Worrall, D.D., Rev. John S. Hays, D.D., Rev. Thomas H. Cleland, D.D., Rev. Stephen Yerkes, D.D., Rev. James P. Hendrick, John B. Temple, William H. Kinnaird, Dr. John W. Scott, George W. Welsh. Dr. Cleland was chosen temporary Chairman and the meeting was opened with prayer. Upon motion the Board resolved to enter upon the election of a Prof, of Latin etc. to fill the vacant chair. Testimonials recommending different persons were read, and after a free interchange of views among the members, the Board proceeded to ballot for a Professor. Whereupon the Rev. Robert S. Hitchcock was unanimously elected, receiving nine votes - the entire number of the Board present - to the Chair of Latin, Belles Lettres, English Literature, etc.; and Dr. John W. Scott was appointed to notify him of his election. The work expected of Dr. Hitchcock shall be equivalent to that required of the other Professors, and his salary shall be equal to theirs. Adjourned to the regular annual meeting in June 1877. 0rmond Beatty, Secretary July 7, 1864. Certificates of two scholarships, issued to David A. Sayre, to be used by him and his kindred in favor of any poor and worthy young man nominated for same. � https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/fa6b750c0e482723d4cfba3eec319a00.pdf?Expires=1776902400&Signature=wJpZuv7NMuK4mYf3LYtMe7n99cxdUBJTRgWF3yDFndxEEqclt8x-SeN5HXzWA2PUXaz%7ExPVJou8OZu6PNepCUp8mJBtADVBJ7gkNjbMumY26J6rvfILe8d05HDlwdgF52sTCoggPegzAq-Pm8HmWhycLZvnko6vH6kWb-BYHE9pbpHZP-OBIK8NHtTF8rrvRU1d0LJ2hlly-ZZ3LHKR2CWPRzOfQa08a%7EcrfdC-rWZ4oo--derPuagogFiADOq7pSagR5U77QGHk7sGZI-jN0HpDWXvVW1e7lsfZrIjQT6V3buP1C09b8xP7R9d4tgEqmGFkgpmFJfruyy2fsceU1Q__&Key-Pair-Id=K6UGZS9ZTDSZM 6174da971465e3dd6edaa51aac357d21 PDF Text Text ������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Centre College Board of Trustees Description An account of the resource Minutes from the Centre College Board of Trustees. The Centre College Board of Trustees collection was compiled from a mass of papers found in various campus locations in the early 1980's. Since no clearly defined subdivisions existed, the material was simply divided by type of document, assigned a series letter, and then arranged chronologically. Series A, approximately half of the collection, consists of correspondence to, or from, members of the Board and the secretary and financial agent/treasurer, who served as agents of the college's governing body. A significant percentage of the collection deals with fund raising efforts by Centre, and efforts by the financial agents to collect on subscriptions made to the college. Other prominent subjects include: The Kentucky School for the Deaf (then known as the Deaf and Dumb Asylum); efforts to select presidents; faculty relations; consolidation (and aftermath) of Centre and Central University (Richmond, Ky.); consolidation of Centre and Kentucky College for Women; Carnegie foundation grants; and erection of college buildings, particularly Old Main, the "new" Boyle Humphrey Gymnasium (Sutcliffe Hall) and the old octagonal Sayre Library. This collection of correspondence is largely a "patchwork" collection and by no means covers all the vital issues tackled by the board since its inception. The correspondence, for example, from the 1820's to the 1850's is quite diverse, while the correspondence from the 1860's deals almost exclusively with efforts by the financial agent to collect on delinquent subscriptions. A central figure in much of the later correspondence is John Adison Cheek who served as treasurer of Centre from approximately 1889 to 1933. Series B consists of perhaps the most important chronicle of Centre's history - the volumes containing the minutes of the Centre College Board of Trustees, 1819-1853, 1863-present. Minutes from 1819 through 1979 have been digitized, and are available from the Centre College Digital Archives. Interesting circumstances surround volume 2 of the minutes. The volume had been missing for at least forty years when it was discovered by Dr. Miller Hillhouse in a shed between his Danville house on North Fourth Street and the home of Miss Mary Ashby Cheek on North Third Street. The minutes were believed to have been placed in the shed along with other old books and papers in the mid-1930's after the death of Miss Cheek's father, J. A. Cheek. The fate of the volume containing the minutes from 1853-1863 (one of the most interesting decades in Centre's history) remains a mystery. Series C contains miscellaneous reports written by the Board, or committees of the Board, while Series D contains miscellaneous papers concerning the Board, including certificates or pledges for members taking the oath of office and texts of speeches and essays by members of the board. Annual Reports to the Board may be located in CC-2 Centre College Presidents. Public access to Board minutes may be granted for those minutes for which the President is no longer living, or 25 years past the date of the minutes, whichever is longer. Creator An entity primarily responsible for making the resource Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Date A point or period of time associated with an event in the lifecycle of the resource 1819-1979 Rights Information about rights held in and over the resource All Rights Reserved Format The file format, physical medium, or dimensions of the resource application/pdf Language A language of the resource English Type The nature or genre of the resource minute books Text A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Physical Location Where item is located in collections. Centre College Special Collections and Archives CC-1 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Identifier An unambiguous reference to the resource within a given context CC_001B_Board_of_Trustees_Minutes_Book_03 Title A name given to the resource Centre College Board of Trustees Minutes, Vol. 3 (1863-1876) Creator An entity primarily responsible for making the resource Centre College Board of Trustees Date A point or period of time associated with an event in the lifecycle of the resource 1863-1876 Description An account of the resource The official recorded minutes of the Centre College Board of Trustees Publisher An entity responsible for making the resource available Centre College Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Danville (Ky.) 37.64569, -84.7836946 Format The file format, physical medium, or dimensions of the resource application/pdf Type The nature or genre of the resource minute books Language A language of the resource English Rights Information about rights held in and over the resource All Rights Reserved Subject The topic of the resource Centre College (Danville, Ky. : 1819-1901)--Board of Trustees Centre College (Danville, Ky. : 1819-1901)--Minutes (Records) https://d1y502jg6fpugt.cloudfront.net/3575/archive/files/8bc720e0ea8ef3c1b88719802b9349f4.pdf?Expires=1776902400&Signature=AwSnCT2Z%7ESs0eLWnJQMmyb97fPDDE51uM00WWHOxjIpINSUhSYo0gjD%7Ex6%7E9KSUB4duy--QCF-L-LLPHH5Jy8fAaVNeUhZnjGXcneNkVzb8NrpXH6iZu1FTLY4yHdN5CN%7EFJxwuHT55XTsPvU6L934iVlgH3ogxwefbu0N4VoVlhSCXxNW8JrpVsvbwLESeyzFtLAVpjKj0lEp2beL2SOFtZylXiyzQfU7y1V-Hvikxutfbvai0Ap88gyAJIuA%7EhfJ62VcpaUnhJiGaT7cnN5chmCplqA9X90OVI4gWU4yRiX9d1RspmckAtq0L3biTOErbWsYGwqSFaJmvUU2TEZg__&Key-Pair-Id=K6UGZS9ZTDSZM f354f03c50dea0d108e896e7c195376e PDF Text Text Centre College BOARD OF TRUSTEES MINUTES VOLUME 2 1827-1853 CC-1 Board of Trustees Records Centre College Special Collections August 20, 2010 [0] �Note: the minutes contain extensive notes on the "Asylum" or "Institution" for the Deaf and Dumb, which would later become the Kentucky School for the Deaf. Centre's Trustees administered the school from its founding in 1823 until 1870. In 1826 the federal government granted the Trustees one township of land in Florida. It then became the Trustees responsibility to survey and sell the land to provide funds to help support the institution. Danville August 1, 1827 At a meeting of the Trustees of the Centre College of Kentucky, present Honorable John Boyle, Chairman, Messrs. James Birney, Joseph McDowell, Ephraim McDowell, John Green, Edward Worthington, David G. Cowan, Charles Henderson, William Craig, Michael G. Youce, James Barbour, William Miller. Mr. Cowan offered the following preamble and resolution which was adopted unanimously: "Whereas the Honorable Thomas Montgomery a member of this Board has failed to attend meetings in consequence of indisposition for more than one year, and whereas the nature of his complaint is such that he will not probably be able to attend the meetings of the Board hereafter, therefore it is hereby declared that the seat of Montgomery is vacated." The Board proceeded to the election of a president of this institution (two thirds of the members being present) whereupon the Reverend Gideon Blackburn was elected. Ordered that the committee of correspondence inform Dr. Blackburn of his appointment. The committee of superintendence of the Deaf and Dumb Asylum stated to the Board that they had employed Barney McMahon as assistant teacher. Ordered that the question of ratification be postponed until the next meeting. Ordered that the professorship established in Centre College by an order of this Board on the 16th day of October 1826 be called and known by the name of "The Nelson Professorship" in memory of late Rev. Samuel K. Nelson. Ordered that the Board adjourn. Danville September 27, 1827 At a meeting of the Trustees of Centre College, present John Boyle, James Birney, James Barbour, Jeremiah Fisher, William Miller, Charles Henderson, Michael G. Youce, David G. Cowan. David G. Cowan, Secretary pro tem. The Faculty having recommended the following gentlemen students of Centre College to receive the degree of A.B., to wit, Jacob F. Rice, David W. McCaleb, Sidney S. McRoberts, William D. Jones, and George D. McAfee. Resolved that the Faculty do confer the degree of A.B. on the said gentlemen and grant them diplomas accordingly. The Board then adjourned till Saturday at 2 o'clock. [1] �Danville September 29, 1827 At a meeting of the Trustees of the Centre College of Kentucky, present John Boyle, James Birney, James Barbour, Jeremiah Fisher, Charles Henderson, Edward Worthington, David G. Cowan, John Green. David G. Cowan was appointed Secretary pro tem. Mr. Worthington offered a resolution to reduce the price of boarding of the indigent pupils in the Asylum. A vote was then taken on the question to reduce the same to $80 per annum in Commonwealth Bank paper, which passed in the negative. The yeas and nays being required thereon were as follows: yeas - Messrs. Green, Barbour, Fisher, and Cowan; nays - Messrs. Boyle, Birney, Henderson, Worthington, and Miller. The question was then taken on $75 when the same passed in the affirmative: yeas - Messrs. Boyle, Birney, Henderson, Worthington, and Miller; nays - Messrs. Green, Cowan, Barbour, and Fisher. Resolved that hereafter the price of boarding for pay pupils be $75 in silver per annum, payable quarterly in advance, and that the tuition be hereafter $35 in silver payable in like manner. The Board took up the report of the superintending committee employing Barney McMahan as a tutor in the Asylum, which was confirmed with directions that the expending of his board and clothing shall not exceed $115 in Commonwealth paper. The Board adjourned. Danville October 13, 1827 At a meeting of the Board of Trustees of the Centre College of Kentucky, present Honorable John Boyle, Chairman, John Green, David G. Cowan, James Birney, Edward Worthington, Ephraim McDowell, Joseph McDowell, William Craig, Jeremiah Fisher, Michael G. Youce, James Barbour, Charles Henderson, John S. Higgins. The letter was presented from Benjamin H. Perkins resigning his seat as a member of the Board, and the same is accepted. Edward Worthington, Jeremiah Fisher, and James Birney resigned their seats as members of this Board. The Board being now reduced to eleven members, the members thereof by their mutual consent proceeded to reduce the number to eight by lot, whereupon the seats of William Craig, James Barbour, and John Green were vacated. John S. Higgens then resigned his seat as a member of this Board. The Board then proceeded to fill his vacancy, whereupon John Green was appointed, who took the oaths of office before David G. Cowan, Esq., a Justice of the Peace for Mercer County, and took his seat. Ephraim McDowell, David G. Cowan and [name not shown] were appointed a committee upon the subjects contained in another communication from Rev. John McFarland which is in substance, to wit - an electrical machine was furnished by an individual of Bourbon County [Kentucky] and handed over to Dr. Smith for the use of this institution upon this condition, that the same be received at its value to be ascertained by the said committee and placed to the credit of the Synod of Kentucky, and also Rev. Samuel K. Nelson and Mr. McFarland made some [2] �purchases of books upon their own responsibility. This committee is to take this matter into consideration and report, etc. The Board then adjourned to meet at the College on Monday the 15th instant. Centre College October 15, 1827 At a meeting of the Board of Trustees of Centre College and pursuant to adjournment, present John Boyle, Chairman, David G. Cowan, John Green, Charles Henderson, Michael G. Youce, Ephraim McDowell. The Chairman presented to the Board a paper of which the following is a copy: Danville October 15, 1827 We, Carr B. Bailey and Andrew Todd, Clerks of the Synod of Kentucky, do certify that the Synod this day elected Benjamin Mills, James Barbour, and David Nelson trustees of the Centre College of Kentucky. Carr B. Bailey, Andrew Todd James Barbour then appeared before the Board and took the oath of office before David C. Cowan, Esq., a Justice of the Peace of Mercer County, and took his seat as a trustee of this institution. James Barbour was then re-elected Treasurer of the Board. Present Joseph McDowell. The Board then adjourned. Danville October 20, 1827 At a meeting of the Trustees of the Centre College of Kentucky, present John Boyle, Chairman, James Barbour, Joseph McDowell, Michael G. Youce, Charles Henderson, John Green, David G. Cowan. The Secretary being absent, David G. Cowan was appointed pro tem. David Nelson, a member duly appointed by Synod, appeared, was duly sworn by David G. Cowan, Esq., a Justice of the Peace of Mercer County, and took his seat. It was moved and seconded that the fees in the College be hereafter $35 in silver for the four regular classes, and $30 in silver for the Preparatory Department, payable half yearly in advance - Irregulars to be included in the higher classes. The Board then adjourned. Danville November 9, 1827 At a meeting of the Trustees of Centre College, present James Barbour, Chairman pro tem, John Green, Ephraim McDowell, Joseph McDowell, Charles Henderson, Michael G. Youce, David G. Cowan. [3] �The Rev. Gideon Blackburn, D. D., appeared and was regularly installed into the office of President in presence of the Board, receiving the oath of office from David G. Cowan, Esq., a Justice of the Peace of Mercer County. Resolved that the President and Faculty adopt from time to time such rules and regulations for the government of the College for the present. Resolved further that the President and Faculty be requested to revise the statutes of College and report to the Board for ratification such alterations and amendments as they may think advisable. Resolved that Dr. Blackburn be requested to furnish for publication a copy of inaugural address delivered this day. The Board then adjourned. Danville February 23, 1828 At a meeting of the Trustees of the Centre College of Kentucky, present Honorable John Boyle, Chairman, John Green, David G. Cowan, James Barbour, Ephraim McDowell, Michael G. Youce. The Chairman laid before the Board a communication Mr. John A. Jacobs upon the subject of his salary. Ordered that it be referred to John Green and David G. Cowan, who are requested to have a personal interview with Mr. Jacobs touching the subject contained in said communication, and report to the Board, etc. A verbal communication from Mr. Kerr upon the subject of increasing the price of boarding of the indigent pupils received and ordered to lay on the table. The Board then adjourned. Danville April 22, 1828 At a meeting of the Trustees of the Centre College of Kentucky, present Honorable John Boyle, John Green, David G. Cowan, Joseph McDowell, William Miller, Charles Henderson, David Nelson. Ordered that John Green, David G. Cowan, and William Miller be a committee to procure a suitable person to take charge of the Refectory in place of Mr. Mills, who intends resigning. Absent Honorable John Boyle, Chairman. John Green appointed Chairman pro tem. James Barbour entered and took his seat. Danville April 29, 1828 At a meeting of the Trustees of the Centre College of Kentucky, present Ephraim McDowell, pro tem, James Barbour, John Green, Charles Henderson, William Miller, Michael G. Youce, David G. Cowan. A communication was received as follows: President of the Board of Trustees of Centre College Sir, in obedience to the above resolutions, I communicate to you these papers. [4] �With sentiments of high regard I am, James K. Burch, Chairman [Content of papers not shown] Danville April 22, 1828 [continued] At a meeting of the Executive Committee of the Educational Society of the Synod of Kentucky the following resolution was adopted, viz., Resolved that the Chairman present to the Trustees of Centre College a copy of the constitution of this Society, and ask from them an agreement on their part to receive conveyances and hold real estate and other property for the use of this Society. Teste David G. Cowan, Clerk to the Committee Constitution of the Presbyterian Education Society of Kentucky Article 1. This Society shall be called "The Education Society of the Presbyterian Churches under care the Synod of Kentucky" Article 2. The object of this Society shall be to assist indigent and pious young men destined for the gospel ministry in acquiring an academical and theological education. Article 3. The young men assisted by this Society shall receive their academical education at Centre College and their theological education at the same institution, where the Synod of Kentucky shall have established a theological department or appointed a theological professor in said institution. Article 4. Every person paying $3 or more annually shall be a member of this Society, and every person paying $30 or more at one time shall be a member for life. Article 5. The officers of this Society shall be a President to preside and keep order at the meetings, and to call special meetings; seven Vice Presidents to take the place and perform the duties of the President in his absence; a Secretary to record the proceedings and keep the books and papers of the Society; a corresponding Secretary, with an assistant; and a Treasurer to receive and hold the funds of the Society and keep its accounts. Article 6. To constitute a bond of union, etc., a Board of Directors shall be appointed to conduct the business of the Society, consisting of officers mentioned in the preceding Article and 24 other persons, one half ministers and one half lay members of the Presbyterian Church. Seven members of the Board, three of whom being ministers, shall constitute a quorum. The business of the Board shall be to appoint an Executive Committee; to receive reports from it; to send out agents; to hold and invest funds, or direct the investiture thereof by the Executive Committee; to appoint the exercises of the annual meetings of the Society; to publish whatever they may think proper relating to the Society; and to do everything not expressly assigned to the Executive Committee. The Board shall hold, at least, two meetings annually, in Danville. They shall report their doings to the Society at every annual meeting. The officers and other Directors shall be elected by the Society, at each annual meeting.* [5] �*The Board of Directors will hold their first meeting in Danville on Wednesday, 11 o'clock am the 16th of July 1828, at which time and place it is hoped all the Officers and Directors who can will attend Article 7. The Board of Directors shall annually appoint an Executive Committee, consisting of seven persons, in or out of the Board indifferently, provided they all be members of the Presbyterian Church, at least two of them ministers, and all of them residents in Danville or its immediate vicinity. The Executive Committee shall have power to choose their own officers, to make their own bylaws, to collect funds for the common treasury, to procure and stock a farm contiguous to the College, to manage all the concerns of the farm, to select young men to be educated, to direct their labors on the farm, to appropriate the funds to their support, etc. They shall keep a record of all their proceedings, and make a full and particular report to the Board of Directors at their semiannual meetings. They shall take care of the property of the Society, and for the purpose of securing the title of the real estate of the Society, shall, by and with the consent of the Trustees of Centre College, cause all such estates to be conveyed to that corporation, to be held for the uses and purposes of the Society as expressed in this constitution, and shall have and exercise all the powers of the Board of Directors until the first meeting of the Board shall be held. Article 8. It is to be regarded as a fundamental principle of this Society that no young man shall in any case be selected for education who does not possess good natural talents and hopeful piety, who is not in the communion of the Presbyterian Church, and who does not express it to be his intention to enter the ministry in said Church, and in case any young man who may receive the pecuniary aid of this Society shall, by his own fault, fail of entering the Gospel ministry, he shall, when able, refund to the Executive Committee the whole amount of expense incurred by them in his education, if called upon to do so. Article 9. Any person or persons associated, any church or churches associated, may endow in this Society forever a scholarship, name it, and select for it their own beneficiary, by paying into the Treasury $1,000; or they may endow a scholarship for any limited time by paying $60 per annum. In the former case, the Society will vest the $1,000 as a permanent fund, using only the interest or annual proceeds thereof, for which they will procure the tuition, board, lodging, and washing for one beneficiary annually. In the latter case, for the $60 per annum, while paid, they will procure the tuition, board, lodging, and washing for one beneficiary; it being understood that such beneficiaries, as well as others, are to labor on the Society's farm two hours every day, if required by the Executive Committee. Article 10. That first annual meeting of the Society shall be held in Danville on the Monday after the first Wednesday in October 1828, 11 o'clock a.m. The Society shall afterwards meet on its own adjournments, and fifteen members shall be a quorum for the transaction of business. Should not fifteen be present, those who may be present shall have power to adjourn from day to day until a quorum can be formed. Article 11. Special meetings of the Society, of the Board of Directors, or of the Executive Committee, may be at any time called by their respective presidents or chairmen on the request of any three members of either body in writing. Article 12. Alterations may be made in this constitution at any annual meeting of the Society, provided three fourths of the members present concur in a vote for the purpose. The Officers, Directors, and Executive Committee of the Society at present are the following: [6] �President Honorable Benjamin Mills Vice Presidents Rev. James Blythe, D. D. Rev. Archibald Cameron Rev. Samuel Finley Rev. Samuel Robertson Rev. Gideon Blackburn, D. D. Mr. William Hodge Mr. Cyrus Walker Rev. James K. Burch, Corresponding Secretary David G. Cowan, Assistant Secretary David A. Russel, Recording Secretary Michael G. Youce, Treasurer Directors Rev. John R. Kerr Eli Smith Samuel K. Sneed James C. Barnes John McFarland Andrew Todd Thomas Cleland, D. D. Nathan H. Hall William Scott Robert Stuart William M. King John Howe Mr. Thomas T. Spillman Thomas Porter Smith Daniel F. Price Benjamin F. Pleasants William S. Vernon Emanual G. Byers James Stonestreet James J. Miles Nathaniel Morton Lewis W. Green Samuel E. McElroy Dr. Venable of Richmond Executive Committee Rev. James K. Burch Rev. David Nelson John Green, Esq. Col. Joseph McDowell Mr. Phineas G. Rice James Barbour Charles Henderson Whereupon the Board came to the following resolution: we deem the object contemplated by said Society promotive of the interests of the College. Resolved unanimously that this Board accede to the request contained in said communication. James J. Miles having resigned the stewardship of the Refectory, John A. Lapsly was chosen to fill that office, and Messrs. Green, Cowan, and Barbour were appointed a committee to draw up a contract with him. [7] �The Board then adjourned. Danville July 3, 1828 At a meeting of the Trustees of the Centre College of Kentucky, present John Boyle, Chairman, John Green, James Barbour, David Nelson, David G. Cowan, William Miller, Charles Henderson, Michael G. Youce, Ephraim McDowell. The claim of Mr. John Tompkins for interest on the last payment $2,000 Commonwealth paper due for the property purchased by the Trustees for the Asylum was taken up. On motion, resolved that James Barbour, David G. Cowan, and William Miller be a committee to settle the controversy with Mr. Tompkins by referring the same to arbitration. But before said committee proceed with said arbitration they are directed to call upon and receive from Mr. Tompkins a proper deed of conveyance for the property purchased from him, in pursuance of the written contract entered into on the 28th January 1826. The power hereby conferred upon said committee shall extend only to the interest claimed by Mr. Tompkins on the $2,000, the whole of the principal sum being paid. Danville July 16, 1828 At a meeting of Trustees, present Benjamin Mills, John Green, James Barbour, Michael G. Youce, Charles Henderson, Joseph McDowell, David G. Cowan. Mr. Benjamin Mills certificate of oath of office. Benjamin Mills appointed Chairman. A communication was received from Mr. Jacobs and acceded to. The sum not to exceed $50. Adjourned July 17, 1828 7 o'clock Board met, present Messrs. John Green, Ephraim McDowell, James Barbour, William Miller, Charles Henderson, Michael G. Youce, David G. Cowan, Ephraim McDowell. Chairman pro tem, David G. Cowan; Secretary pro tem, Thomas Nichols. James Bush and Joshua Fry Bell, members of the Senior class, recommended for the degree of A.B. Resolved that the President confer said degree on those young gentlemen. Ordered that Dr. Blackburn be allowed $50 Commonwealth paper for the services of his black man as janitor of College for the last year. Judge Mills took his seat. Resolved that John Pope Trotter, A.B., receive the degree of M.A. Resolved that the degree of Doctor of Divinity be conferred on the Rev. Jeremiah Chamberlain, president of the College of Louisiana, and the Rev. Robert Hardin of Tennessee. The Board then adjourned. [8] �Danville July 18, 1828 At a meeting of the Trustees of Centre College, present Benjamin Mills, James Barbour, David Nelson, William Miller, Charles Henderson, Michael G. Youce, David G. Cowan. The chairman being absent, Benjamin Mills was appointed pro tem and David G. Cowan Secretary pro tem. The Board proceeded to the appointment of the Standing Committee of Repairs: Youce, Henderson, and Miller. Collection of Debts: Green, McDowell, and Cowan. Apparatus, Library, etc.: Nelson, Barbour, and Ephraim McDowell. Ordered that the Committee of Repairs cause a pavement of flagstones, not exceeding ten feet in breadth, to be made in front of the dormitories, and a like pavement of brick or flagstone in front of the Refectory. Resolved that the Committee of Repairs be authorized to contract for improvements to be made in the near buildings of the Refectory, and also for the erection of a spring house to be paid for out of the accruing rents of the Refectory. Resolved that the Treasurer address a letter to each drawer of the notes paid into his hands by Synod urging the payment of them at or before the meeting of Synod. Ordered that the Committee of Repairs be authorized to cause gutters to be made at the College edifice [Old Centre], also to the Refectory. Ordered that Messrs. Cowan and Barbour cause to be published a notice of the Commencement of the next session in the Olive Branch, Luminary at St. Louis, Register at Knoxville, Focus at Natches, Tuscaloosa. Adjourned. Centre College July 29, 1828 At a meeting of the Board of Trustees, present Honorable John Boyle, Chairman, John Green, David G. Cowan, James Barbour, William Miller, Charles Henderson, Joseph McDowell, Michael G. Youce. On motion of Mr. Green, ordered that the price of tuition be reduced to the following rates: $24 per College year in the Preparatory Department and $30 per College year in the Collegiate Department, which is required to be paid half yearly in advance. Adjourned Danville November 18, 1828 At a meeting of the Trustees of College, present Messrs. Joseph McDowell, John Green, Charles Henderson, James Barbour, Michael G. Youce, David G. Cowan. McDowell, Chairman pro tem; David G. Cowan, Secretary pro tem. Ordered that the Treasurer refund to the representative of John C. Martin, deceased, the funds paid in advance for his tuition in College. [9] �Resolved that David Nelson and David G. Cowan be a committee to visit the College, attend to the recitations of the classes at least once in each month, and report to the Board from time to time. Ordered that James Barbour and David G. Cowan be a committee to complete the contract with D. B. F. Cochrane upon the best terms they can. Resolved that the Treasurer be authorized to lend to John A. Lapsley $600, and to William Munford $400, to be repaid on or before the 1st of July 1829 with interest at 6 percent, with securities as the Treasurer and Mr. Henderson shall approve, not less than two in each case. Ordered that David G. Cowan and James Barbour be a committee to correspond with Richard C. Allin, agent of the Asylum, and give him the necessary instructions as to his proceedings. Ordered that Messrs. Green, Barbour, and Cowan be a committee to prepare report to the Legislature [Kentucky General Assembly]. Ordered that Mr. Green be authorized to draw from Bank of Kentucky dividends due on two shares of stock. Adjourned. David G. Cowan Danville April 28, 1829 At a meeting of the Trustees of Centre College, present Messrs. Boyle, Green, Miller, Henderson, Youce, Cowan. Resolved that Daniel Brown of Greensburg be appointed steward of the Refectory to succeed Mr. Lapsley, who wishes to decline after the end of the present session, and that Messrs. Green, Cowan and Henderson be a committee to notify Mr. Brown of his appointment and make all necessary arrangements with him, and close the accounts of the Board with Mr. Lapsley. Messrs. Barbour and Miller a committee to ascertain and inquire into the expediency of building more dormitories, and to have power to contract for the building if they deem it necessary. The Board adjourned. Danville July 16, 1829 At a meeting of the Trustees of Centre College of Kentucky, present Messrs. Miller, Ephraim McDowell, Michael G. Youce, Charles Henderson, James Barbour, John Green. A communication was received from the President of Centre College recommending the following students as entitled to the degree of A.B. under the authority of this Board, viz. Robert Grundy, Joshua Fry Rout, Robert Todd Stewart, George Robertson McKee, and John N. Allin. Therefore resolved unanimously by the members present that the degree of A.B. be conferred upon said Grundy, Rout, McKee, Stewart, and Allin. [10] �Adjourned till Tuesday next. Danville September 26, 1829 At a meeting of the Trustees of Centre College, present Messrs. Mills, Green, Nelson, Henderson, Youce, Cowan, Barbour, Joseph McDowell, Miller. Mr. Mills in the Chair, David G. Cowan Secretary pro tem. Resolved that a committee of Benjamin Mills and David G. Cowan be appointed to wait upon Synod to settle and adjust the accounts of this Board with them and to receive any payments made to the Board. Adjourned. Danville October 7, 1829 At a meeting of the Trustees of Centre College, present John Green, Ephraim McDowell, Joseph McDowell, James Barbour, David Nelson, Michael G. Youce, David G. Cowan. Ephraim McDowell Chairman and David G. Cowan Secretary. James Barbour, Treasurer, made a detailed report of the state of our accounts with Synod which was unanimously approved and ordered to be filed. Resolved that Messrs. Cowan and Green be a committee to prepare an address to be sent to the executives of the states in the valley of Mississippi and the Carolinas and Georgia with a request to lay the same before the respective legislatures thereof, and to invite them to make provision by law for the support of their indigent deaf and dumb at this institution. Adjourned Danville December 1, 1829 At a meeting of the Board of Trustees of the Centre College of Kentucky, present Messrs. John Green, Barbour, Henderson, Youce, Cowan. And James C. Barnes and Lewis W. Green, which latter gentlemen having been duly elected by the Synod of Kentucky as trustees as appears by the certificate of the Clerk's of that body, and the said Barnes and Green having severally taken the oath of office before David G. Cowan, Esq., Justice of the Peace for Mercer County, took their seats as members. Which certificate* The seat of Chairman being vacant by the resignation of the Honorable John Boyle, the Honorable Benjamin Mills was unanimously chosen Chairman of the Board. Mr. Barnes was then appointed Chairman pro tem and David G. Cowan Secretary pro tem. A communication was received from the Faculty in relation to the application of sundry students to board elsewhere than in the Refectory, whereupon the Board came to the following resolution: *Synod of Kentucky, Paris, October 16, 1829. We, David G. Cowan and Carr B. Bailey, Clerks of the Synod of Kentucky, do certify that on this 16 day of October 1829 Lewis W. Green, Esq., Rev. Thomas Cleland, and the Rev. [11] �James Barnes were by said Synod duly appointed Trustees of the Centre College of Kentucky in the room of John Boyle and William Miller and Ephraim McDowell whose seats had been previously vacated. David G. Cowan, Carr B. Bailey Whereas it was on the 16th day of April 1826 resolved that all students thereafter entering College residing at a distance from Danville be required to board in the Refectory, unless permitted by the Faculty to board elsewhere, which resolution is in full force, therefore be it resolved that this Board will not take cognizance of the present application, but remit it to the Faculty for their decision as in other cases. Resolved further that the President be required to assure the students that the Trustees will cause the steward to furnish at all times a sufficient supply of good wholesome food properly prepared and in sufficient variety. The Rev. Dewey Whitney was appointed solicitor of this Board to solicit donations for the theological department in Centre College and the Education Society. Adjourned Danville December 30, 1829 At a meeting of the Trustees of Centre College, present Messrs. Joseph McDowell, John Green, Lewis W. Green, Charles Henderson, Michael G. Youce, James Barbour, David G. Cowan, James C. Barnes. Joseph McDowell Chairman pro tem, David G. Cowan Secretary pro tem. Ordered that Messrs. Green, Barbour, and Cowan be a committee to prepare and forward to Congress a petition praying for further time to make sale of lands and manage the application. A letter was received from the Rev. John Hudson, Stated Clerk of the Synod of Kentucky, enclosing a copy of the constitution of the Theological Seminary of the Synod of Kentucky, and requesting this Board to adopt the same. Whereupon it was resolved that this Board do sanction and adopt the same, and it is hereby sanctioned and adopted as a compact between the Synod of Kentucky and the Board of Trustees of Centre College. Which compact or constitution is in the words and figures following, that is to say: Plan for the Theological Seminary of the Synod of Kentucky. Section 1. The design of the Seminary It is the design of Synod to provide for the [The plan is incomplete. The following page of the minute book is blank, followed by a list of graduates, and minutes of the March 30, 1830 meeting] [The following list of graduates was inserted in the minute book between the meetings for December 30, 1829, and March 30, 1830.] [12] �Graduates President Chamberlain Professions 1824 Lewis W. Green John P. Trotter Minister Minister 1825 Charles McDowell Pendleton Bryant Agriculture Agriculture 1826 John T. Stuart Asbury Coffee Law Law 1827 Jacob W. Price David W. McCaleb Sidney S. McRoberts William D. Jones George G. McAfee President Proctor Ministry Agriculture Ministry Ministry Ministry 1828 Thomas C. Nichols Joshua F. Bell President Blackburn Professor Centre College Law 1829 Robert C. Grundy Joshua Rout Robert T. Stuart George R. McKee John W. Allen Ministry Law Law Law Ministry 1830 Henry J. Venable Sidney Cleland William B. Rice John G. Miller William T. Allen William W. Hall Ministry Ministry Ministry Law Ministry Ministry 1831 William M. Dickey Caleb McDowell 1832 Henry G. Comingo William Y. Allen David D. McKee Joseph J. Bullock David I. Caldwell Ministry Ministry Ministry Ministry 1833 John B. Huston John Lyle John Stonestreet Lewis Mason George Fishback John Price Law Ministry Ministry Law Agriculture Law Preident Young Agriculture Agriculture 1833 Whitfield McElroy Frank Saylor William Preston Ministry Engineer Ministry 1834 James Bemiss Joseph Platt Charles H. Rochester Beriah McGoffin Medicine Ministry Agriculture Law [13] �Warwick Tunstall Law 1835 William Tod Samuel Woodson Thomas W. Fry Willilliam W. Hill John Montgomery Ormond Beatty Law Law Medicine Ministry Ministry Professor Centre College 1836 Thomas Todd John C. Bayless Daniel B. Railey Medicine Ministry Law 1837 Lewis Thompson Ezekiel Forman James Barbour Samuel D. Burchard Aaron A. Hogue James Baldwin William Alexander Robert McCown Robert T. Johnston Willilliam Robards James Graham Ministry Ministry Law Ministry Ministry Law Law Ministry Law Law Professpr Preparatory 1838 Andrew Allison Thomas H. Cleland William J. Morton David M. Irwin James S. Irwin Robert A. Johnstone John L. Williamson Thomas D. Lea Samuel H. Stevenson Ministry Ministry Medicine Medicine Law Ministry Teacher Ministry Teacher 1838 Andrew Allison Thos. H. Cleland Will J. Morton David M. Irwin James S. Irwin Robt. A. Johnstone John L. Williamson Thos. D. Lea Samuel H. Stevenson Ministry Ministry Medicine Medicine Law Ministry Teacher Ministry Teacher Ambrose Barbour John C. Breckinridge Eugene Underwood Samuel R. Bullock John C. Richardson Law Law Law Law Law William Alexander Daniel Breck Law Law 1840 [14] �William L. Martin Thomas H. Cleland Lyman Crittenden Presley Ewing John D. Meek John R. Parkhill Thomas Turner James Weir Joseph Wallace Robert C. Wickliffe James D. Elder Thomas D. Telford Richard J. Brown Michael Myer Law Ministry Ministry Law Ministry Law Law Law Ministry Law Teacher Law Law Medicine Warren Burgess Robt. H. Crittenden Will Elder Hugh F. Ervin Brice G. Fields Teacher Law Teacher Law Ministry James A. Gaither Eli. R. McCall A.S. Mitchell M. Branch Price John M. Sharp R.C. White R.C. Wintersmith Henry C. Wood Law Law Law Ministry Law Merchant. Law Law 1842 James R. Alexander Daniel D. Atchison John C. Bullitt Richard H. Collins Loman P. Hawes Joseph Helm Isham Henderson Thomas Martin John McGoffin Robert M. Moore JohnOwsley Henry D. Small James E. Thompson Andrew J. Dunlap Law Law Law Editor Ministry Law Law Law Medicine Law Law Law Ministry Agriculture 1843 Samuel G. Baird John A. Boyle Nat. S. Brooks Cahrles D. Carr Sam. B. Cheek Lewis E. Harvie Ministry Ministry Law Law Ministry Law 1841 [15] �Llewelyn Harvie Will Huston Jo. Lewis Jo. A. McClarty Will L. McKnight Nicholas S. Ray W.W. Rice Robert Rodes Sol. L. Sharp Will Short Law Merchant Law Merchant Law Law Law Agriculture Thos. Taylor I.R. Thompson Elisha Warfield Geo. R.C. Tod Will H. Woods John J. Hickman Law Law Danville March 30, 1830 Trustees of Centre College. At a meeting of the Trustees of Centre College, present Messrs. McDowell, John Green, Barbour, Youce, Henderson, Lewis W. Green, Cowan. Joseph McDowell President pro tem, David G. Cowan Secretary pro tem. Mr. John Green moved the following resolution: Resolved that from and after the next College Commencement the salaries of the President and faculty of College shall be as follows: the salary of the President $1,000, the salary of the professor of mathematics $750, and the salary of the professor of languages $750 dollars per annum, all in specie. Ordered that the further consideration of said resolution be postponed for the present. Mr. John Green offered the following resolution, which was adopted: Resolved that the President of Centre College be requested to establish a Bible class in College which shall be attended by all the students, including the Preparatory Department, on the Sabbath day. Provided that any student may be excused from giving such attendance on the request of his parent or guardian or for other good cause, and providing that nothing herein shall be construed to dispense with a regular attendance in public worship as heretofore. Resolved that the Treasurer be authorized to loan to William Ball $800 upon his note with good security to be approved by him for the term of twelve months, of the funds of the Asylum. Messrs. Henderson and Youce are appointed a committee to enquire the payments of tuition fees. Adjourned till Saturday next 9 o'clock [16] �Danville April 3, 1830 At a meeting of the Trustees of Centre College, present Joseph McDowell, Chairman pro tem, John Green, Barbour, Youce, Henderson, Cowan, Lewis W. Green. Ordered that Messrs. Cowan, Joseph Green, and Barbour revise the orders and resolutions in relation to boarding in the Refectory and report. Adjourned to 21st. And the Clerk is hereby directed to notify distant and absent members. Adjourned Danville April 21, 1830 At an adjourned meeting of the Trustees of the Centre College, present Messrs. Cleland, Barnes, John Green, Lewis W. Green, Youce, Henderson, McDowell, Cowan. A letter from the Honorable Benjamin Mills was received. Ordered that the consideration of the resolution offered by Mr. John Green at a meeting of this Board on the 30th March last in relation to the salaries of the President and professors be postponed until Wednesday the 19th May next. Ordered that Messrs. Mills and Nelson be notified of it. Mr. John Green moved the following resolution: Resolved by the Board of Trustees of Centre College that the President be and he is hereby required to establish and superintend from and after the Commencement of the next session a Bible class in College, which shall be attended by all the students, including the Preparatory Department, on the Sabbath Day. Provided that any student may be excused from such attendance on the request of his parent or guardian, or for other good cause to be judged of by the President, and provided also that nothing herein contained shall be construed to dispense with a regular attendance on public worship, as heretofore. The President, in case of necessary absence, may employ a competent minister to perform the duty. On motion, ordered that the consideration of said resolution be postponed until the 19th May next. And the yeas and nays being required thereon they were as follows: yeas - Messrs. Cleland, McDowell, Henderson, Youce, and Cowan; nays - Messrs. Barnes, John Green, and Lewis W. Green. Ordered that Messrs. Youce, Henderson, and Barbour be a Committee of Repairs. Ordered that Messrs. John Green, McDowell, and Cowan be a committee to superintend the collection of debts. Ordered that Messrs. Cowan, Lewis W. Green, and Youce be a committee on the library. Resolved that the librarian be allowed $30 as a yearly compensation for his services to be paid out of library fees. The members of the Blackburn Literary Society are permitted to use the southwest room in the lower story of the College edifice [Old Centre] until directed otherwise. [17] �Resolved that the Faculty attend to all matters of complaint concerning the Refectory, and investigate and act upon the same. Resolved that Lewis W. Green and David G. Cowan be a committee to procure a suitable copper plate engraving for diplomas for graduates. Adjourned Danville May 19, 1830 At a meeting of the Trustees of the Centre College, present Messrs. Barnes, Cleland, John Green, Lewis W. Green, Barbour, Henderson, Youce, Cowan. Mr. Barnes Chairman pro tem and David G. Cowan Secretary pro tem. Ordered that the gentlemen of Synod be invited to attend examinations in the College and the Commencement. The Board were informed that the present steward Mr. Brown intended resigning at the close of the present session. Ordered that Messrs. Barbour, Henderson, and Youce be a committee to procure a successor. The resolution concerning the salaries of the President and professors was taken up and amended so as to take effect the 20th day of November next. It was then moved that the further consideration of said resolution be postponed until the 1st day of November next and negatived. The said resolution was then adopted by the following vote: yeas - Messrs. Barnes, Youce, Lewis W. Green, Barbour, and John Green; nays - Messrs. Cowan and Henderson. Mr. Cleland was excused from voting. The resolution offered by Mr. Green on the 21st April last requiring the President of College to establish and superintend a Bible class in the College was called up for consideration and adopted. The yeas and nays being required thereon by Mr. John Green were as follows: yeas - Messrs. Barnes, John Green, Barbour, Lewis W. Green, Youce, Cleland, and Cowan. Mr. Henderson was excused from voting. Mr. Henderson resigned his seat as a member of this Board. A communication from F. Yeiser was read, and resolved that this Board does not conceive itself authorized to remit any subscription. Resolved that Messrs. Cowan, Youce, and John Green be a committee of advice who with the Treasurer shall be authorized to make loans of the funds of the Asylum, a majority to concur in making a loan. Phineas G. Rice was unanimously elected to succeed Mr. Charles Henderson. Lewis W. Green is appointed a member of the committee to superintend the Asylum. Danville June 3, 1830 At a meeting of the Trustees of the Centre College, present Messrs. Mills, Chairman, McDowell, Barbour, Youce, John Green, Lewis W. Green, Cowan, Barnes. [18] �A letter addressed to David G. Cowan and John Green from the Honorable John Kincaid enclosing a copy of an act of the Congress of the United States giving to the Trustees of this institution, who are also trustees of the Deaf and Dumb Asylum, the further period of five years from and after the 5th day of April 1831, to dispose of the lands heretofore granted to the Asylum by a former act of Congress. Mr. Cowan offered the following resolution, which was unanimously adopted. Resolved that the thanks of this Board be tendered to the Honorable John Kincaid for his efficient attention to the interests of the Asylum at the late Session of Congress. Ordered that the Secretary transmit a copy of the above resolution to Mr. Kincaid. Mr. Barbour moved that the resolution adopted on the 19th May in relation to the salaries of the President and professors be reconsidered, and on the question of reconsideration the same was negatived. The Board adjourned to meet at 9 o'clock am Danville June 4, 1830 The Board met according to adjournment, present Messrs. Mills, Cowan, Barnes, Barbour, John Green, Lewis W. Green, Youce. Mr. John Green resigned his seat and Charles Henderson was duly chosen unanimously in his place. Danville July 1, 1830 At a meeting of the Trustees of the Centre College of Kentucky, present Benjamin Mills, David G. Cowan, Charles Henderson, Phineas G. Rice. The two latter having taken the oath of office as trustees before David G. Cowan, Esq., Justice of the Peace for Mercer County, took their seats as members and the Board was then duly constituted, opened with prayer by Mr. [illegible word]. Rev. David Nelson, having vacated his seat as a member of the Board, the Rev. John D. Paxton was unanimously chosen to fill the vacancy. The Rev. John D. Paxton appeared, was duly qualified before David G. Cowan, Esq., Justice of the Peace for Mercer County, and took his seat as a member. Resolved that Alexander W. Campbell, licentiate of West Lexington, be commissioned a solicitor for the College in the Eastern and Northern States, the Board not to be bound for any compensation unless out of the collections. Present Joseph McDowell Resolved that D. B. F. Cochran be appointed steward of the Refectory, and that Messrs. Cowan, Henderson, and Youce draw up and execute on behalf of the Board a contract according to his written proposals and verbal explanations. Adjourned till 8 o'clock a.m. Closed with prayer. [19] �Danville July 2, 1830 At a meeting of the Board of Trustees of Centre College, present Messrs. Mills, Barbour, McDowell, Paxton, Youce, Henderson, Cowan, Proctor. Constituted with prayer. Whereas an application to the Board by Vivian W. Edwards for the degree of A.B., and it appears he was formerly a student of this institution and regular in his standing in the Senior class, but left this before the last Commencement and became a student in Transylvania University, where it is represented he has since continued in regular standing, and where it is expected he can graduate in September next. But he has not stood a regular public examination here previous to this Commencement, nor is he regularly recommended as candidate by the faculty of this institution, and on consideration of his case it is resolved that under these circumstances it is inexpedient to grant the degree aforesaid at this time. Resolved that in pursuance of the recommendation of the Faculty the degree of A.B. be conferred on Henry J. Venable, Sydney Clelland, William B. Rice, John G. Miller, William T. Allin, and William W. Hall. It was moved that the vote heretofore taken adopting the plan and constitution of a theological seminary be reconsidered, and it was determined in the affirmative by the following vote, to wit: ayes: Messrs. Mills, Paxton, McDowell, Youce, Henderson, Cowan; nay - Mr. Green. Non: Mr. Barbour. And it was then moved that said plan and constitution be adopted and ratified except so much of the last paragraph as reserves to the Synod of Kentucky the exclusive right to appoint the Professor of Didactic and Polemic Theology, and that it be recommended to Synod so to amend said paragraph as to permit any Synod in the Valley of the Mississippi, who shall first provide the funds to endow a professorship by paying or securing with its interest the sum of $20,000, to nominate a professor to any professorship that may then be vacated, and such provision we conceive would better comport with the charter of this institution. Which motion was adopted. The following resolution was unanimously adopted, to wit: resolved that the Rev. Gideon Blackburn, D.D., President of this College, be appointed as a missionary during the present vacation of College for the purpose of soliciting donations further for the College proper, or the education or for the theological department, and enlisting public sentiment on these subjects, and that he act either in this or the Southern states and that commissions issue in each case accordingly. Mr. Cowan offered a resolution, which was laid over for consideration. Danville September 22, 1830 At a meeting of the Trustees of the Centre College, present Messrs. Paxton, Chairman pro tem, Cowan, Secretary pro tem, Barbour, Henderson, McDowell, Youce, Rice. Constituted with prayer. On the application of Lewis W. Green, A.B., of this College, resolved unanimously that the degree of Master of Arts be conferred upon him, he having received the degree of Bachelor of Arts in the year 1825. Resolved that David G. Cowan, James Barbour, and Charles Henderson be a committee to confer with Mr. Kerr and Mr. Jacobs upon the subject of procuring and qualifying a suitable person as an additional teacher in the Asylum, and make report to the next meeting of the Board. David G. Cowan, Secretary pro tem [20] �Danville October 7, 1830 Trustees met. Present Messrs. Barnes, McDowell, Paxton, Henderson, Youce, Cowan. Opened with prayer Resolved that William D. Kerr be appointed assistant teacher in the Asylum according to the terms reported by the committee on that subject, and that said committee reduce the contract with Jonathan R. and William Kerr to writing and report to the Board, and it is further ordered that Mr. Jacobs use his best endeavors to instruct and qualify Mr. William D. Kerr as a teacher of the deaf and dumb. The resignation of Mr. Lewis W. Green was received and accepted. Frankfort October 16, 1830 At a meeting of the Trustees of Centre College, present Messrs. Mills, Chairman, Cleland, Barnes, Paxton, McDowell, Cowan. The Board proceeded to fill the vacancy of Mr. Lewis W. Green when Mr. Robert Russel was duly chosen. Ordered that Mr. Thomas T. Skillman's account of $10 be paid. David G. Cowan, Secretary pro tem Danville October 26, 1830 At a meeting of the Trustees of the Centre College of Kentucky, present Messrs. James Barbour, Joseph McDowell, Charles Henderson, David G. Cowan, Michael G. Youce, Phineas G. Rice. McDowell Chairman pro tem, Cowan Secretary pro tem. John Green, Esq., produced the following certificate of his appointment as a trustee of the Board: Frankfort October 18, 1830 We, David G. Cowan and Luke Munsell, Clerks of the Synod of Kentucky, do certify that on this day John Green, Esq., was by a vote of Synod duly chosen a trustee of the Centre College of Kentucky in the place of Robert Russel. David G. Cowan, Luke Munsell, Clerks of Synod And thereupon took the oath of office before David G. Cowan, a Justice of the Peace of Mercer County, and took his seat as a Trustee. The Rev. Gideon Blackburn, D.D., President of the College, appeared and in a friendly conference intimated his wish to dissolve the connection existing between him and the Board, and it was mutually agreed that on Thursday evening next he would surrender the keys of the College with his charge to such committee as might be appointed to receive it. Ordered that David G. Cowan be that committee. Resolved that in thus dissolving the connection which has existed for three years with Dr. Blackburn, this Board feel it due to him to say that he has faithfully discharged his duties, and has zealously and ardently, by all the [21] �means in his power, devoted his time and talents to build up our infant institution, and his efforts entitle him to our thanks. The Board proceeded to the election of a successor to Dr. Blackburn when the Rev. John C. Young of Lexington was unanimously chosen President pro tem, a sufficient number of members not being present in the Board to make a permanent appointment. Ordered that he be notified thereof. Resolved that the Rev. Gideon Blackburn, D.D., be commissioned as agent on behalf of this Board to compromise claims of heirs in relation to John W. Hundley's will on such terms as he may deem proper, subject to ratification by this Board, within one month. Resolved that any expenses incurred by Dr. Blackburn, or others, in relation John W. Hundley's will be paid by this Board. Resolved that Robert A. Lapsley be and he is hereby appointed agent [to] collect subscriptions and solicit donations, which when paid may be applied as a credit upon his note to this Board. Resolved that Messrs. McDowell and Youce be a committee to wait upon and request the Rev. John D. Paxton to perform the duties of president of the College ad interim. November 3, 1830 Trustees met. Present Messrs. Cleland, Chairman pro tem, Rice, Secretary pro tem, Barnes, Green, McDowell, Youce, Henderson, Cowan. Resolved unanimously that the appointment heretofore made of the Rev. John C. Young as President pro tem be now made permanent. Application John Nichols for payment of $25 for galvanic battery postponed for consideration. Also of students for refunding monies to those wishing to leave College postponed. Danville November 16, 1830 Trustees met. Present Messrs. McDowell, Green, Henderson, Rice, Cowan. Messrs. Green, Henderson, Cowan, and Barbour are appointed to meet the committee of Synod appointed to inquire into the state of the funds of College, etc. Adjourned till tomorrow. November 17, 1830 Present in addition, Messrs. Mills, Chairman, and Barnes. Resolved that an English instructor ought to be attached to the Preparatory Department. [22] �Resolved that Messrs. Barbour and Rice be a committee to arrange the course of study to be pursued under said instructor and report to the Board at its next meeting. Resolved that Messrs. Green and Cowan be a committee to request from Rev. John C. Young a copy of his inaugural address this day delivered, and cause the same to be published. Messrs. Barnes and Cowan a committee to superintend inauguration of the President. Benjamin Mills, Esq., Chairman of this Board, having assigned his reasons therefore, resigned his seat as Chairman and as a member of the Board. The Board proceeded to the choice of a successor in the Chair when the Rev. James C. Barnes was duly appointed. Adjourned till tomorrow. November 18, 1830 Trustees met. Present Messrs. Barbour, in the Chair, Green, Henderson, Youce, Rice, Cowan, McDowell. The case of Charles Bedford, referred to the Board by the Faculty, was taken up, and Mr. Bedford being heard before the Board and alleging that he was absent and ignorant of the statutes of College in relation to boarding in the Refectory, and after due consideration thereupon, resolved that said Bedford be allowed till Monday next to resume his boarding at the Refectory, and unless he complies he stands dismissed from College on that day. Adjourned. [No date shown] Trustees met. Present Messrs. Green, Henderson, McDowell, Youce, Barbour, Cowan. Treasurer authorized to refund to Christopher P. Jones fees, on account of his inability from ill health to prosecute studies, on producing regular dismission from the Faculty. January 24, 1831 Trustees met. Constituted with prayer. Messrs. McDowell, in the Chair, Cowan, Secretary pro tem, Green, Barbour, Youce, Rice. Ordered that $50 paid by John Green for expenses of removal of John C. Young, President, be refunded to him. Resolved by the Board of Trustees of the Centre College of Kentucky that the period of instruction or College year shall consist of 43 weeks, and be divided into two sessions, to be designated the Winter Session and the Summer Session. The Winter Session shall commence on the third Wednesday in October and continue for twenty-two weeks. And the Summer Session shall commence on the fourth Wednesday in April and continue for twenty-one weeks. The close of the Summer Session shall be the end of the College year and the stated time of conferring degrees. The close of the present session shall be the last Wednesday in March next. And as by this regulation the present session is curtailed to seven tenths of the College year, it is ordered that tuition fees for that length of time only shall be required of the students. [23] �February 9, 1831 Trustees met. Present Messrs. McDowell, in the Chair, Green, Barbour, Youce, Rice, Cowan, Secretary pro tem. James Harlan, Esq., is appointed the attorney of the Board for all suits in Mercer County. Ordered that Messrs. Green, Cowan, and Barbour be a committee to employ counsel and manage the defense of the suit in Jefferson [County] against John W. Hundley's will, as they may deem most advantageous. Ordered that the same committee cause publication of Commencement. February 18, 1831 Trustees met. Present Messrs. McDowell, in the Chair, Cowan, Secretary pro tem, Green, Barbour, Rice, Youce. Resignation of William R. Thompson as Professor of Languages was accepted. Ordered that Messrs. Cowan and Barbour be a committee to express to Mr. Thompson the sentiments of the Board in relation to the dissolution of his connection with the Board, and request him to continue his services to the close of the present session. The resignation of Charles Henderson as a member of this Board heretofore presented is now accepted, and thereupon the Board proceeded to fill his vacant seat in the unanimous choice of the Rev. John D. Paxton, and by a vote the Honorable John Boyle was chosen to fill the vacancy occasioned by the resignation of Honorable Benjamin Mills. Resolved that the Rev. John J. Pierce be elected Professor of Languages at a salary of $750 per annum, two thirds of the whole Board being present. Adjourned. Danville March 22, 1831 At a meeting of the Board of Trustees of the Centre College, present Rev. James Barnes, Chairman, Joseph McDowell, James Barbour, Michael G. Youce, John Green. Robert J. Breckinridge, a trustee elect, appeared and having taken the oath of office took his seat as a member of the Board. The Board took into consideration the propriety of appointing the Rev. R. A. Lapsley as a travelling agent and collector for the College. Whereupon it was resolved that he be employed as an agent for this institution on the terms contained in the proposals of the 9th of March 1831. (Which see) A letter was received from the Rev. Gideon Blackburn proposing to submit to arbitration certain matters of difference between him and the Treasurer of the Board respecting a part of his account, whereupon it was ordered that the Clerk of the Board be directed to request Mr. Charles Henderson, the agent of Dr. Blackburn, to file with the Board his account with such vouchers and other evidence as he may rely on to sustain the same, and that the [24] �Treasurer lay before the Board an account of all monies he has paid Dr. Blackburn and such set offs as he may think he has a right to claim. June 4, 1831 The Trustees met. Present Messrs. Green, Chairman, McDowell, Barbour, Youce, Cowan, Rice. Mr. Cleland's resignation of date of 14th May last accepted. James K. Burch elected trustee in place of Charles Henderson. Robert Russel elected in place of John Boyle refused service. Adjourned till Wednesday 8 o'clock. June 8, 1831 Board met. Present John Green, McDowell, Youce, Cowan, Trustees. James K. Burch and Robert Rusell, Trustees elect, who being duly affirmed before David G. Cowan, Justice of the Peace for Mercer County, took their seats as members. Present Messrs. McDowell, Barbour, Rice, Col. McDowell in the Chair Letter from John A. Jacobs - salary raised to $750 to commence 20th November 1830, not at liberty to cancel. Resolved as opinion of the Board that Mr. Jacobs ought without hesitation to give instructions to any person in the Asylum whom the Board may choose to place there for the purpose. Whereas the committee have not heretofore reported according to order a contract with Mr. Kerr and William D. Kerr, and whereas Mr. Kerr is not yet able to perform full duty, resolved as the opinion of this Board that said contract should contain a stipulation that Mr. Kerr should board William D. Kerr and that William D. Kerr shall receive for clothing $100 per annum, and that Mr. Henderson having resigned, Mr. Green is added to said committee. Messrs. Burch, Green, and Cowan committee on publication with power to print, also to draft a code of bylaws. Agreed with Fleece and Weisiger at $30 per annum commencing January 1, 1831. July 19, 1831 The Trustees met, present Messrs. Burch, Chairman, David G. Cowan, Clerk pro tem, Barbour, McDowell, Youce, and Green Case of Mr. Mullins taken up, his letter read and consideration postponed. Resolved that Mr. McNickel's application for retaining fees be rejected. Mr. Green added to the committee of correspondence with Colonel Allin, and give such instructions as may be deemed proper. Ordered that Messrs. Burch, Cowan, and McDowell be a committee to communicate with Mr. Pierce and call his attention to the subjects of reports. Ordered that Mr. Jacobs be authorized to visit the legislature of Tennessee to engage them to send their pupils to this Asylum. [25] �That Messrs. Burch, Youce, and Russel be added to the committee of the Asylum with full power to contract, build, etc. That Mr. Burch be added to library committee, and that the committee be authorized to cause a room to be fitted up for the philosophical apparatus. Resolved that it be recommended to the faculty and teachers in the Preparatory Department to arrange the classes in the department so that a separation into different rooms may take place, and from the College edifice. They may use the old church or any of the dormitories. July 27, 1831 Regular meeting. Board met. Present Messrs. Burch, Chairman pro tem, David G. Cowan, Secretary pro tem, Green, McDowell, Barbour, Rice, Russel, Youce. Constituted with prayer. The committee appointed to communicate with Mr. Pierce reported a compliance with the duty and a letter of resignation from Mr. Pierce which was unanimously accepted to take affect at the end of the present session. June 29, 1831 Board met. Present Messrs. Burch, Green, Barbour, Russel, Youce, Cowan. Barbour, Chairman, Cowan, Secretary pro tem. Opened by prayer by Mr. Burch. Resolved that Burch, Cowan, and the President be a committee to revise statutes and report. The application Deaderich to have tuition refunded rejected. Ditto John M. Sharp on avowal of leaving for ill health consideration postponed. Robert Russel appointed to the Committee of Repairs in the place of Charles Henderson. Resolved that Burch, Green, and Youce be a committee to report on Refectory. Ordered that the President be added to the committee to procure a plate for a diploma. Messrs. Barbour and Cowan a committee for building at Asylum to report Friday morning. August 6, 1831 Board met. Present Barnes, Chairman, Burch, Green, McDowell, Barbour, Youce, Russel, Rice, Cowan, Secretary pro tem. Opened with prayer by Mr. Barnes. Resolved unanimously that the Rev. David H. Riddle of Blanchester, Virginia, be and he is hereby appointed Professor of Latin and Hebrew. Resolved Lewis W. Green and he hereby is appointed Professor of the Greek Language. Mr. Green and Barbour declined voting, Mr. Barbour by letter. The salaries of the above officers be $750 per annum payable quarterly. Charles Henderson elected trustee in place of Thomas Cleland. September 22, 1831 Board met. Present Burch, Chairman pro tem, Barbour, Youce, Cowan, Russel, Charles Henderson, the latter having heretofore been qualified before David G. Cowan, Justice of the Peace. Constituted with prayer by prayer. Present Joseph M. McDowell [26] �Ordered that William M. Dickey and Caleb H. McDowell being recommended by the Faculty receive the degree of A.B. Ordered that the degree of A.B. be conferred on Greenbury D. Murphy, late of this College. Ordered that Thomas Nichols, Joshua F. Bell, James M. Bush, William D. Jones, and Robert C. Grundy are alumni of this institution. Mr. Cochran proposal to leave Refectory agreed to. Henderson and Cowan a committee to settle with D.B.F. Cochran. Resolved Burch, Green, and Cowan be a committee to request a copy of Mr. Young's address for publication. Mr. Young to have the Refectory building, garden, and etc. at the rent of $27, and at liberty to make any repairs he may think proper. President and David G. Cowan are appointed a committee for publication. Concluded by prayer. September 24, 1831 Board met. Present Messrs. Burch, President pro tem, Green, McDowell, Barbour, Henderson, Youce, Russel, Cowan. Constituted with prayer. Mr. Jacobs' accounts under consideration. Opinion of the Board that the boarding account is in Commonwealth and not specie. Resolved that the Secretary close Mr. Jacobs' account up to 20th of August 1831 as per account rendered for the balance due him. Resolved further that the Treasurer be authorized to loan to Mr. Jacobs any sum not more than $200 upon the same terms as the Board have heretofore made loans. Resolved that Mr. Pierce be allowed $312.50 as salary and $50 for traveling expenses. October l3, 1831 Trustees met. Present Messrs. Barnes, Burch, Green, Barbour, Breckinridge, Youce, Russel, Cowan, Henderson. Opened by prayer. Adjourned till 12 noon. September 28, 1831 Stated meeting. Present Messrs. Burch, Chairman pro tem, Green, Russel, Barbour, Henderson, Youce, Cowan. Subject of Mr. Pierce's compensation recommended, and resolved that the Treasurer pay to Mr. Pierce the sum of $400 in full. Mr. Russel committee to make a flagway in College campus. Course of studies reported and approved. Resolved that Mr. Nichols' salary be $400 from and after Commencement of next session. Ordered that Messrs. Rice and Cowan be a committee to procure 4 stoves with pipe for the use of College. October 14, 1831 Trustees met. [Present] Burch, Green, Henderson, Youce, Breckinridge, Cowan. [27] �Cowan and Henderson appointed to settle and audit the Treasurer's account and report. Green and Cowan to make reports of new members to Synod. October 22, 1831 At a meeting of the Trustees of Centre College of Kentucky, present John Green, James Barbour, Trustees, David G. Cowan, Michael G. Youce, Charles Henderson, Thomas G. Rice, Trustees elect by the Synod When the following compact was produced, to wit [next two pages of the minutes are blank] Also the following was produced of the Clerks of the Synod, to wit. And thereupon Thomas G. Rice, Michael G. Youce, and Charles Henderson took the oath of office prescribed by the charter, and James K. Burch affirmed as such before David G. Cowan, Esq., Justice of the Peace of Mercer County, and David G. Cowan took the oath of office before Michael G. Youce, a Justice of the Peace for said county, whereupon James K. Burch, Chairman pro tem and David G. Cowan, Secretary. The following classification of the Trustees pursuant to the charter was then produced and concurred in, to wit. Resolution - (Mullins) adopted A communication proposing certain questions was received from John J. Pierce, whereupon resolved that the Clerk transmit to Mr. Pierce a copy of the resolution of the Board of the 28th September last. Resolved, no tuition fees refunded. Dormitories may be rented at $5 per session. Adjourned November 19, 1831 Trustees met, constituted with prayer. Present Messers. Burch, Chairman, Green, Youce, Barbour, Henderson, Rice, Cowan. Cowan a committee to settle Mr. Polk's account for printing and draw on Treasurer. David Riddle's resignation is accepted unanimously. Rev. William L. Breckinridge is elected Professor of Languages pro tem at a salary of $750 per annum to commence on the day of entering on his duties. Ordered that Charles Henderson settle the account of Joshua Nichols and draw upon the Treasurer. Adjourned and concluded with prayer. [28] �November 30, 1831 Trustees met. Present Messers. Burch, Green, Barbour, Rice, Youce, Henderson, Cowan, Joseph M. McDowell, Trustee elect. Joseph McDowell took the oath of office before David G. Cowan, Justice of the Peace, Mercer County. Constituted with prayer. Mr. Burch, Chairman pro tem, David G. Cowan, Clerk pro tem. William L. Breckinridge appointed Professor of Languages at $750. Henderson, Green, and Cowan Committee to confer in relation to purchase of grounds near College. Danville January 28, 1832 Trustees met. Present Messrs. Burch, Green, Barbour, McDowell, Cowan, Henderson. Resolved that owners of Refectory stock be authorized to receive the same in tuition fees. Resolved that the Rev. John D. Paxton be requested to deliver a course of lectures and experiments on chemistry and natural philosophy to the students of the Senior and Junior classes in College. Resolved further that John Green be a committee to communicate this resolution. [penciled in] Minutes of a meeting not recorded, appointing Rev. John C. Young agent for the College in the Eastern States. March 19, 1832 Board met. Opened with prayer. Present Messrs. Barnes, Chairman, Burch, Green, McDowell, Henderson, Youce, Rice, Cowan. A communication from Messrs. Bullock, Mason, Price, and Stonestreet, students of College, praying that Thomas Nichols, principal of the Preparatory Department, might be removed from office, also a communication from Mr. Nichols on the same subject, were received and read. Mr. Green submitted a preamble and resolution for the adoption of the Board upon the subject of said communications. Upon a motion to strike out that part of it which declares that the presentation of the memorial by said students was a breach of College discipline, and subversive of good order and subordination, the yeas and nays were as follows: yeas, Barnes, Youce, Burch, Cowan; nays, Green, McDowell, Henderson. The question was then taken up on the adoption of said preamble as amended and passed as follows: yeas, Barnes, Burch, Youce, Cowan; nays, Green, McDowell and Henderson. The said preamble as amended reads as follows: The communication of the aforesaid students specifies no charge, exhibits no grievance under which it is pretended to labor. They are, none of them, under the instruction of Mr. Nichols, and their necessary intercourse with him is confined to the simple observance of that respectful deportment which should always be exhibited by each towards the other. While then it is admitted that occasions might arise when it would be proper for the students to memorialize the Board for the redress of grievances, it is manifest in the memorial before us none is shown to exist. The Board sees nothing in the memorial to call for their action against the principal Department. In regard to the communication from Mr. Nichols, however much the Board may respect the feelings which prompted it, they can see nothing in the occasion which renders an enquiry with his conduct necessary. [29] �April 18, 1832 Board met. Present Messrs. McDowell, Green, Barbour, Youce, Rice, Henderson, Cowan. McDowell, Chairman, Cowan, Secretary Board proceeded to the settlement of a claim presented by Dr. Blackburn. Whereupon, resolved that the item of $2 for expenses about Hunley's will, also $32 for same, also $50 for expenses to Alabama. Then moved to reject the other items and determined by nays and yeas - McDowell, Green, Barbour, Youce, Cowan and Rice; nays none. Ordered charge Dr. Blackburn $15. Received on Lyman Whitney's subscription. Robert J. Breckinridge's resignation accepted. James Harlan's resignation as secretary accepted. Ordered that David G. Cowan perform the duties of Secretary till otherwise indicated. [In pencil] The minutes of a meeting here omitted and lost, at which John C. Young handed a report of his agency which was affirmed and filed away in secretary's papers. August 11, 1832 Present Burch, Green, Barbour, Youce, Henderson, Rice, Cowan, Secretary. Burch Chairman. Rev. Joseph Haber appointed agent and solicitor. Mr. Burch a committee Resolved that in pursuance of [blank line] Resolved that Lewis W. Green be appointed Professor of Belles Lettres and Political Economy. Adjourned till Monday. August 13, 1832 Board met. Present Burch, Green, Barbour, Youce, Cowan, Henderson, Rice. Prayer Ordered Green and Burch be a committee on salaries of Asylum officers with power to fix them subject to ratification by the Board. Resolved that there be two teachers in the Preparatory Department at a salary of $300 each per annum under the superintendence of a rector, to be appointed by the Faculty, to be appointed from their own members from and after the commencement of next session. Taylor's claim rejected. Resolved that from and after the commencement of next session the order of this Board of the 28th September 1831 increasing the salary of Mr. Nichols be rescinded and held for naught. [30] �Adjourned see this amended next page August 25, 1832 Board met. Present Burch, Henderson, Youce, Rice, Cowan, Barbour. Resolved Mr. Huber's salary $750. Luke Munsell appointed Professor of Natural Philosophy and Chemistry, salary per annum, $750. The resolutions of last meeting amended by fixing salaries of Preparatory Department at $250 each, and that the Secretary communicate the same to Mr. Nichols and request him to inform the Board whether he wishes to continue in the Preparatory Department as teacher under the new arrangements. Adjourned September 14, 1832 Board met. Present Messers. Green, Barbour, Youce, Henderson, Cowan. Prayer by Young. Faculty recommended for degree A.B. - William T. Allen, Henry G. Comingo, David D. McKee, Joseph J. Bullock, David J. Caldwell - adopted. Burch, Cowan, Henderson, committee to visit and inspect Asylum, etc. The Faculty recommended the degree of A.M. to be conferred on George G. McAfee; adopted. Mr. Nichols' resignation received. William T. Allen and Henry G. Comingo appointed tutors in the Preparatory Department. Doctor Munsell accepts, and requests granted. Ordered Secretary to pay Mrs. Finley's hire at $60. Salary $750 per annum and travelling expenses. Adjourned. October 20, 1832 Opened with prayer College meeting. Present John D. Paxton, Green, John C. Young, Luke Munsell, William L. Breckinridge. [31] �William L. Breckinridge and James Burch were appointed a committee to converse with Mr. Barnet in relation to his continuance as superintendent of the farm, and report to the executive committee at the next monthly meeting. Whereas the Education Society at its late annual meeting at Louisville did so alter the constitution of the Society as to prevent other students besides beneficiary to come upon the farm at the discretion of the executive committee master, therefore John C. Young, William L. Breckinridge, Luke Munsell, and John Green are appointed a subcommittee upon this subject. Adjourned. William L. Breckinridge, Chairman pro tem May 25, 1833 Board met. Present Messrs. Burch, Barbour, Cunningham, Hopkins, Rice, Cowan. Took up the report of Faculty recommending the dismissal from College of Messrs. John H. Wilson and Alex H. Brown; upon the request of Messrs. Brown and Wilson, they were heard at length before the Board (The President and Professor of Languages being also present and heard). Whereupon after due consideration, the Board resolved that the decision of the Faculty be confirmed. Ordered that the Secretary notify the Faculty of this decision, and that the Treasurer refund the balance of tuition fees in proportion to the time. Adjourned Danville August 8, 1833 The Board of Trustees of Centre College convened at the house of Mrs. Cocke. Present Rev. James K. Burch, Chairman, James Barbour, Charles M. Cunningham, James S. Hopkins, Phineas G. Rice, John Green. Mr. David G. Cowan, a member of this Board and Secretary hereof, having departed this life since the last meeting of the Board, John Green was appointed Secretary pro tem to the Board, and the Rev. John C. Young was appointed a trustee of this Board in the place of Mr. Cowan; whereupon Mr. Young had the oath of office administered to him and took his seat as a trustee. The seat of the Honorable George Robertson being vacated by his failure to take the oath required by law, he was re-appointed, and being present he had the oath of office administered to him, and thereupon took his seat as a trustee. The Board took under consideration the appointment of a superintendent and matron of the Asylum of the Deaf and Dumb rendered necessary by the death of Mr. and Mrs. Kerr, the late superintendent and matron of the institution. Whereupon Doctor Luke Munsell and his wife were appointed superintendent and matron of the institution. The Board took into consideration the salary of Mr. William Kerr, teacher in the Asylum, and it was ordered that his salary be raised to and fixed at $500 per annum from the first of September next. It was further ordered that Messrs. Burch and Green be a committee to settle with Mr. Kerr, and also with the administrator of Mr. John Kerr, with authority to draw on the Treasury for what may be due to either of them. [32] �Resolved that the Professor of Chemistry and Natural Philosophy be required to perform the duties of his department for only two months in each session, and that $200 be allowed as his compensation, of which sum $150 is allowed for salary and $50 for repairs of apparatus and contingent expenses. Mr. Young was appointed a member of the Committee of Finance in place of David G. Cowan, deceased. James Harlan is appointed Secretary of this Board in place of David G. Cowan, deceased. The Board then adjourned. John Green, Secretary pro tem September 1833 At a meeting of the Board of Trustees appears to be no record by the Secretary. John Lyle, John Houston, John Stonestreet, Louis Mason, George Fishback, John Price, W. McElroy, Francis Taylor, William Preston received the degree of A.B. Danville December 3, 1833 The Board met. Present Green, Barbour, Rice, Hopkins. John Tod, and James G. Birney, having been appointed by the Synod at its late meeting and duly qualified took their seats. Resolved that Messrs. Comming and Bullock be appointed teachers in the Preparatory at a salary of $125 per annum for each. John C. Young, Secretary Danville January 24, (Friday) 1834 The Board met. Present Doctor Todd, Chairman pro tem, John Green, James Barbour, James G. Birney, James S. Hopkins, Phineas G. Rice. Mr. Green reported that Mr. Harlan agreed to serve the Board as special agent in the business of the Asylum and to visit Florida, the Board bearing his expenses and giving him $3 per day as compensation. The Board resolved to engage the services of Mr. Harlan. Mr. Birney was appointed on the Building Committee. The Board resolved to hold monthly meetings at half past 2 o'clock. The Board appointed Doctor L. Munsell Secretary of the Board. John C. Young, Secretary pro tem Danville March 21, 1834 The Trustees met. Present Honorable George Robertson, Chairman pro tem, John Green, James G. Birney, Phineas G. Rice, James Barbour, James S. Hopkins. It was resolved by the Board to grant to Dr. McDowell a loan of $1,800 on the usual terms, he giving bond and approved security for the payment thereof. [33] �Resolved that the tuition fee of each student who may be preparing for the Gospel ministry, and receiving assistance from any benevolent society or Church of any denomination of Christians to effect this object, shall be reduced to $10 per annum; and that this regulation take effect from the commencement of the Fall session of 1834. Resolved that the Treasurer of the Asylum, Major Barbour, receive as compensation for his services hitherto rendered the sum of $250. Resolved that Messrs. Birney and Todd be appointed a committee to consider the expediency of devising a plan for providing manual labor for the youth at the Asylum. Resolved that the Treasurer of the Asylum hereafter receive for his services the sum of $50 per annum. Resolved that Messrs. Rice and Doctor Todd be a committee to settle the accounts of Major Barbour as treasurer of the Asylum. Resolved that Dr. Luke Munsell, as physician of the Asylum, shall receive two dollars per pupil per annum. Resolved that Dr. Crass be appointed agent in Europe for the College, to receive donations of books, funds, and apparatus for Centre College; the services of Dr. Crass to be rendered without charge. John C. Young, Secretary pro tem Danville May 16, 1834 The Board met. Present Doctor Todd, Chairman pro tem, James Barbour, Phineas G. Rice, John Green, James G. Birney, James S. Hopkins. Professor Green appeared before the Board and announced his intention to visit Europe on the first of August next, with the expectation of being absent for 12 or 18 months, and wished the Board to take such measures in reference to the subject as they shall see fit. The consideration of this subject was postponed to a future meeting. Resolved that the Visiting Committee of Ladies be re-organized, and the following ladies be appointed as its members: Mrs. P. Cocke, Mrs. Bell, Mrs. C. Breckinridge, Mrs. F. Breckinridge, Mrs. Youce, Mrs. Todd, Mrs. Young, Mrs. Henderson, Mrs. David Russel, Mrs. Robert Russel, Miss Martha Ayres, and Miss Lucy A. Kerr. Resolved that the Visiting Committee be requested to visit the Asylum every week by a delegation of two from their number, the members performing this duty in regular rotation. Resolved that two of the members of the Board of Trustees will visit the Asylum semi-monthly, the members of the Board taking the duty in rotation. John C. Young, Secretary pro tem Report of a Committee of Synod Appointed to Confer with the Board October 1834 Extract from minutes of Synod [34] �The Committee appointed to confer with the Board of Trustees of Centre College reports the following resolutions: 1. 2. 3. 4. That the authority of Synod to release any of our brethren from the payment of their notes for the endowment of Centre College ceased when the notes were assigned. That in all cases where the agent or agents of Synod have taken up contributions in churches which were previously pledged by the notes of their representatives in the Synod of 1826, without a previous conference with the officers of the same - provided the subscribers should certify that had they known the precise state of the notes, they would have subscribed in reference to them - such certificates with the payment of the subscriptions should entitle the note to a credit, and the Synod hereby pledge themselves to the Board to make good to Centre College any deficiency of funds arising by reason of this act. That the Trustees ought to require absolutely the annual payment of interest on all the notes, and they ought to take immediate steps for collecting or securing the whole unpaid amount of each note. That the salary of the collecting agent, Mr. Huber, should be paid jointly from the funds collected for the Theological Department and from those collected for the College proper, and these separate funds charged with the payment of this salary in the relative proportion to the whole amount collected for each of them. John C. Young Danville September 18, 1834 The Board met. Present Charles M. Cunningham, Chairman pro tem, James Barbour, James S. Hopkins, Phineas G. Rice, Abijah Bayless, Doctor Todd. James Bemiss, Warwick Tunstall, Beriah McGoffin, Jr., Charles Rochester, and Joseph Platt were recommended by the Faculty to the Board as having passed through their collegiate course and being worthy of the degree of A.B. Resolved that the degree of A.B. be conferred on each of those young gentlemen. Mr. Hughes, on application, received a remission of a portion of his tuition fee of last session. Resolved that Messrs. Bullock and Allen for additional services in the College proper, occasioned by the absence of Mr. Professor Green during the present session, be allowed $26.75 each as additional compensation, and that Mr. Graham receive $25 for services rendered in the Preparatory School. Resolved that Messrs. Bullock and Allen be appointed tutors of the College and teachers of the Grammar School, and that their compensation be increased in consideration of the higher duties they are required to perform as tutors in the College to $400 per annum each. Resolved that Mr. Graham be appointed assistant teacher in the Preparatory Department at a salary of $136 per annum. Mr. Huber's report was presented to the Board by the Secretary, and referred to the Financial Committee. John C. Young, Secretary pro tem Danville November 17, 1834 The Board of Trustees met. Present Doctor John Todd, Chairman pro tem, Phineas G. Rice, James S. Hopkins, James Barbour, John Green, James G. Birney. [35] �Ordered that the account of Samuel M. Brown for $50, formerly presented by him as his fee in the suit against Hunley's heirs be allowed, and the Treasurer is hereby directed to pay the same to John Green who has advanced the same to Mr. Brown. Ordered that James Barbour and James G. Birney be appointed a committee to draw up a letter of instruction to James Harlan, the agent for the Asylum, to transact business in Florida. Ordered that the regular meetings of this Board be hereafter held on the second Friday in every month, at 11 o'clock a.m. The Board then adjourned. Luke Munsell, Secretary, John Todd, Chairman pro tem Danville November 24, 1834 At a meeting of the Board of Trustees of the Centre College of Kentucky, at Danville, present Doctor John Todd, Chairman pro tem, James Barbour, James S. Hopkins, James G. Birney, John Green, Phineas G. Rice. A form of a power of attorney from the Board to James Harlan, Esq., bearing date the 22nd day of November A.D. 1834, and prepared under and in pursuance of a former order of the Board, was submitted to the Board and approved, and ordered to be recorded; and the seal of the Corporation was affixed thereto. The following is a copy of the Power of Attorney referred to in the above minute, viz. The Trustees of the Centre College of Kentucky, To all to whom these presents may come. Know ye that whereas this Corporation have, by virtue of several Acts of Congress and sundry patents issued in pursuance thereto, titles to sundry tracts of land in the Territory of Florida, and also the right to enter and locate sundry other sections and parts of sections of land in said Territory, and have right to sundry large sums of money in the hands of their present Agent Colonel Richard C. Allin of said Territory, and of divers other persons residing in Florida. Now we, being desirous to locate and carry into grant all such portions of land as have not yet been located, and to make sale of all the lands belonging to this Corporation, and to collect all moneys due to the same for lands already sold within said Territory of Florida, have to that end and intent, nominated and appointed and do, by these presents, nominate and appoint James Harlan, Esq., of Harrodsburg, Kentucky, our Attorney at Law and in fact, and do hereby give unto him full power and authority to proceed forthwith to Florida, to demand and receive from our resident Agent Colonel Richard C. Allin all moneys now in his hands, or which may be in his hands coming to this Corporation. And likewise, at his discretion, to demand and receive all bonds, notes, or covenants in his the said Allin's possession respecting any lands which may have been sold by said Allin; and to receive from said Allin for our information, a full and complete expose of all his actings and doings as our Agent and Attorney. Likewise to enter and locate, either in conjunction with our said resident Agent and Attorney or by himself as shall be most convenient, all such portions of land as this Corporation may be entitled to enter and locate by the several Acts of Congress above referred to; and to make sale of the same and all other lands belonging to this Corporation as have not yet been disposed of. Also, to receive all moneys now due, or which may be due, or in any manner coming to this Corporation for lands sold or to be sold, and the same to pay over to this Corporation or to any legally appointed officers. And also to execute in our corporate name all deeds, receipts, acquittances, and covenants, which we as a Corporation may or can legally execute. And we do hereby bind ourselves (in our corporate character only,) and our successors in office to ratify and confirm whatsoever our said Attorney may lawfully do in [36] �the premises. It is to be fully understood that this letter of Attorney is not to be construed as a revocation of all or any of the powers heretofore granted to our said resident Agent and Attorney Colonel Richard C. Allin, but the said Harlan is to aid and assist said Allin to bring our said affairs to a speedy and prosperous termination,; and to that end is to act either jointly with him, or separately, as our business and interests may require. In testimony whereof, we the Trustees of the Centre College of Kentucky have caused these presents to be sealed with our corporate seal, and attested by our Secretary Doctor Luke Munsell, this 22nd day of November A. D. 1834 Luke Munsell, Secretary, Board of Trustees, Centre College Danville January 23, 1835 The Board met. Present Barbour, Green, Hopkins, Tod, Barnes, Rice. A letter from Dr. Price to Mr. Young was read, offering to convey to the Board for the endowment of three professorships, his right to the sales of a patent truss for as many states as may be necessary to raise the requisite funds. Resolved that the offer be accepted and that Messrs. Tod and Green be appointed a committee to confer with Dr. Price and receive the conveyance of the offered right, and also to procure agents for the sale of the right. John C. Young, Secretary pro tem Danville March 25, 1835 At a meeting of the Board of Trustees of Centre College held this day, present Doctor John Todd, Chairman pro tem, John Green, James Barbour, Phineas G. Rice, James G. Birney, Charles M. Cunningham, James S. Hopkins. The committee heretofore appointed to receive from Doctor John L. Price a conveyance of the right to construct, use, and vend to others the said Price's improvement in the construction of a metallic truss for the cure of