Word: claflins
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Responsibility for the deficit, according to Claflin, lay with the fact that 1945-46 was still not a "normal year," and that many "unusual expenditures were necessitated by the beginning of the post-war period...
Despite a total income of slightly less than $20,000,000 in the fiscal year ending last June 30, the University suffered a substantial deficit during that period, according to the annual report of Treasurer William H. Claflin, Jr. '15, made public recently in the Harvard Alumni Bulletin...
...report Claflin disclosed that war-time contracts fulfilled by the University had totalled $30,292,000, a figure which secrecy had kept under cover for some time...
...concluding his statement, Claflin pointed out that the current fiscal year will undoubtedly prove as abnormal as 1945-46, with an equal chance of running a deficit. Expenses for such items as Counsellor for Veterans, Infirmary, and even Nursery School will be swollen in the ensuing months, he warned, remarking that the University despite its great resources, remains dependent on gifts every year to carry through its normal program and at the same time plan and expand for the future...
Conant's three chief administrative assistants are now: 1) Treasurer William H. Claflin Jr., a Boston investment banker, who worries about the university's $205 million investments; 2) Edward ("Ted") Reynolds, wartime chief of the Army's medical supply service, whose responsibilities are housekeeping functions (food, real estate, etc.); 3) Historian Paul Herman Buck, Dean of the 597-strong) Arts & Sciences faculty and Provost of the University. Roosterlike little Paul Buck, ambitious and hardworking, is No. 2 man in the academic setup...