Word: funds
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Dates: during 1930-1939
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President Conant and Athletic Director Bingham are trying to divorce athletics from football receipts with their newly established athletic endowment policy. In essence, they want to build up over a period of years a fund of several million dollars which will support in entirely Harvard's sports program...
...illusions over the difficulties which lie in the path of such a policy. Its early stages depend on favorable H. A. A. budgets; its later stages depend on the active cooperation of alumni. But even an adequate fund will prove a useless boomerang if Harvard's traditional competitors, Yale and Princeton, fail to attack the vicious circle...
...Dowse Institute, sponsoring the meeting, is a lecture fund, held by trustees and unconnected with the University...
...have forgotten that the Federal Reserve System ... the embodiment of the best banking thought and experience in the world, did not check the great inflation which culminated in 1929. . . ." And he broadly hinted that the weakest spot in the credit hose was the Treasury with its huge stabilization fund and its moral, if no longer direct, influence over Federal Reserve policy...
...Episcopal Church Pension Fund, founded in 1917, has prospered well, increased its assets from $8,500,000 to $32,000,000, largely through good management and the fact that among its best friends has been J. P. Morgan. Last week the less-publicized Presbyterian Church Pension Board revealed that it, too, has friends in high places. Its secretary, Rev. Henry B. Master of Philadelphia, announced that the Board's assets have increased from $5,000,000 in 1910 to $35,000,000 today. On its rolls are 96% of all Presbyterian ministers and missionaries, its retired beneficiaries receiving...