Word: alumni
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Dates: during 1920-1929
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...Stadium or the Bowl are far-reaching. Attendance in classes on Egyptology, Cryptology and the Italian drama drops off. Scholarship standards quiver and collapse. Bright young men in middle western high schools hear from afar the dismal thunder of defeat and elect to go elsewhere. Graduates and alumni (they are not identical) storm and sulk in the suburbs, write angry letters, tear up checks and send their sons to the University of Nebraska. The loss of these checks is more serious than the loss of the sons. There are always plenty of sons, but checks are ephemeral, and subject...
...standing. The present status is impossible. Onward, then to a business basis. The players must of course remain amateurs, but the game should be professionalize. This happy device would at once save honor and avoid paying salaries to the players. A stock company should obviously be floated, with the alumni subscribing for the shares. Only a few graduates would be allowed to participate, as their loyalty to the team is sometimes open to question. But since graduates are almost universally poorer men than alumni, perhaps it would not be necessary to make this humiliating discrimination against them...
...would, by partaking at once of the nature of sport and learning, endanger neither. These courses it goes without saying, could only be given in the years following football victories. Defeat, particularly over a period of years, would diminish prod's or even wipe them out, and if the alumni stockholders in Pigskin Preferred passed a dividend or two. Discus it could no longer be thrown...
Though not made a part of the vote it was agreed that the practice of permitting a coach to receive a bonus for alumni, or from other outside sources be forbidden...
That gifts from individuals and the alumni would be alienated. "Where does one draw the line. . . between tainted and untainted money...