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Brothers, with enrollment booming along with football receipts, sold their Oakland site for $750,000 and borrowed $1,500,000 on a bond issue to build a handsome new plant in the Moraga Valley. In 1934, with $1,370,500 of the bonds still outstanding, the Brothers stopped paying interest and have paid none since. When the bondholders' committee, formed under the chairmanship of Frederic F. Janney of Dean, Witter & Co. which floated the issue, installed their own Comptroller James Everett Butler to supervise the college accounts, he found that St. Mary's was running...

Author: /time Magazine | Title: Education: St. Mary's Auction | 8/2/1937 | See Source »

...games against some of the best football brains & brawn in the U. S. In 1928 the Brothers felt so good they sold the College's old Oakland site for $750,000, borrowed $1,500,000 on a bond issue to ld a big new plant in nearby Moraga Valley. On July 1, 1934 St. Mary's bond holders missed their interest on $1,370,500 worth of bonds not yet retired, have received none since...

Author: /time Magazine | Title: Education: Gaels Gloom | 11/9/1936 | See Source »

When Coach Edward P. ("Slip") Madigan went to St. Mary's in 1921, there were 60 students in an old brick plant in Oakland, Calif. Now St. Mary's has 750 students, a $2,000,000 campus in Moraga Valley. Coach Madigan is largely responsible for the change. In 1921, St. Mary's played Stanford with 16 men on the squad, made 10 points to Stanford's 14. In 1926 and 1929 St. Mary's had undefeated teams. Coach Madigan was a Notre Dame guard under Knute Rockne and Rockne's predecessor, George Harper...

Author: /time Magazine | Title: Sport: Football: Mid-season | 11/14/1932 | See Source »

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