1948 Alumni Fund

THE 1948 ALUMNI FUND CAMPAIGN opened last month with the mailing to all Dartmouth men of a statement of the Fund Committee's aims for this year. Citing the rapidly rising costs of running the College, the Committee set a minimum objective of $375,000 to cover the operating deficit estimated by the Trustees.

The Fund Committee's statement emphasized the necessity of increasing faculty salaries, pointing out that the -cost of instruction had risen from $1,052,000 in the 1939 budget to $1,718,000, or 56% of a total 1948 budget of 13,048,500. Recognizing that management of endowments can be as daring as safety will permit and that in many items economy can be practiced, the Fund Committee said that "in the largest single expense—instruction—economy is today impossible except at the price of a faculty reduced in size, quality and effectiveness."

The first Alumni Fund campaign dinners were scheduled for Boston, March 17; New York, March 18; and Chicago, March 30, with President Dickey, Richard A. Holton '18, Alumni Fund Committee Chairman, and George H. Colton '35, executive secretary, as speakers.

The eight new class agents appointed at the start of the campaign are: 1907, Willard H. Cummings; 1909, James F. Greenebaum; 1917, Howard A. Stockwell; 1919, Roscoe A. Hayes; 1932, J. Warren Moore; 1937, Alan W. Bryant; 1942, Addison Winship; and, 1945, Nichol M. Sandoe Jr.

New editors of class newsletters are: 1908, Park W. Stickney and George E. Squier; 1917 John F. Wheelock; 1919, James C. Davis; 1926, Francis E. Merrill, Sidney C. Hayward and Hugh Morrison; 1932, Donald MacPhail; 1938, John H. Emerson; 1939, Bertram R. MacMannis; and, 1942, Harry L. Bond Jr.