Word: clafflin
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Dates: during 1940-1949
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President Conant and William H. Clafflin '15, Treasurer of the University, will open the session of the board which dates back to 1637. At present it consists of a body of 30 alumni chosen for five year terms and holding ultimate veto power over all the decisions of the Corporation...
...several years the College has had an increasing deficit, and, according to Clafflin, has become Harvard's main financial worry. Next year officials will have to cope with a decrease in tuition due to conscription. The graduate schools, especially, should have a sharp drop next fall in their enrollment...
...first time in recent years, the University ran a deficit of $58,605.15 during the past year ending June 30, 1940, according to the annual report of the Treasurer, William H. Clafflin, Jr., to the Board of Overseers which was released yesterday...
...deficit arose despite a decrease of $68,706.15 in the running expenses of the University. Income for the year fell off $128,154.53, Clafflin's report revealed. A sharp decline in the amount of gifts received for immediate use, and a decrease in the interest from University investments were largely responsible for the deficit, officials stated...