Word: memberships
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Dates: during 1960-1969
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Eliminating the annual membership meeting in favor of a general election by mail with proportional representation...
Brown said the changes had been suggested after last year's annual October membership meeting when, for the first time, members made a serious attempt to defeat a slate of directors nominated by the Coop's stockholders. The bid to elect an alternate slate failed to draw the necessary quorum of five per cent of the 60,000 student and faculty members at Harvard, M. I. T. and the Episcopal Theological School to the meeting at Rindge Tech...
...either to a final club or to Boston for "exhilarating beverages." For returning alumni, the Union was to be a "Harvard Club of Cambridge." where under-graduates would meet those "Who ask for the sunshine of their fresh years." Dues, bringing privileges and voting Dowers, ran from $5 Associate membership for Cambridge residents to $50 Life privileges for alumni...
...century wore on, the Union faltered, both socially and financially: by 1912 membership and participation had fallen off drastically. World War I plunged the Union into financial chaos, so that only the firm, paternal hand of the University maintained it through the twenties and into the Depression. But Edward Harkness, author of the House system, was responsible for the Union's final social demise. With the new Houses an undergraduate building was no longer needed: and the University, looking carefully into Major Higginson's will, discovered that the benefactor had made allowances for the failure of his institution...
Members account for about 82 per cent of the Coop's sales. Thus 82 per cent of the Coop's profit goes back to the membership at the end of the year. The other 18 per cent gets cut in half by taxes, and the remainder is all the Coop has left for reinvestment and growth. Although the Coop appears to have a lot of money, it really doesn't. There are not large sums hidden away in the vaults of the Harvard Trust. In fact, whenever the Coop has needed to expand in recent years...