Word: transaction
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...absent for the greater part of his term; on his departure a successor was appointed, not elected; at the meetings of the committee some members almost made it a business to stay away, or if present took no active part in the affairs they were elected to transact. The Membership Committee this year was lax in performing the small amount of business its duties called for: five men not members of the Union were nominated for officers; the list of nominees was representative of a particular class of men and not of the University; the number of men required...
...been urged that the class will have very little business to transact, and therefore will have no need of going to all the trouble necessary for the establishment of a constitution which will often act as a hindrance rather than as a benefit. But how a reasonable constitution, adopted by the class, and always subject to amendment, can act as a restraint upon anything but irresponsibility and ineffectiveness, is somewhat difficult to perceive...
Another difficulty in the plan of Mr. Ireland is this: It is extremely doubtful whether a by-law would be approved in Massachusetts that provided that less than a majority of all the shareholders of the corporation could transact any business whatever or elect any officers. If that be the law, it would be necessary to get a vote of over 800 upon even routine business or re-elections--an impossibility, it is believed. Under the plan adopted by the meeting of November 7, provision is made that if at a meeting of 100 members properly convened any action...
...cash and on thirty days" and therefore large bills are frequently due. Perhaps he is not aware that out in the real business world "cash" includes payment within thirty or even sixty days. In fact all the directors seem to be under the impression that an organization cannot transact business unless it is under exact legal liability at every point. They forget, or do not know, that modern business is done on credit and not on legal liabilities. A student under age is trusted for luxuries by tradesmen not because he can be sued, but because his honor will cause...
...Athletic Committee accepted his resignation, and Mr. Spalding left for the west last night. No successor will be appointed for some time, and until one is appointed the office will be under the direction of the Athletic Committee. Professor Hollis will have charge of all the funds and will transact the outside business. C. H. Schweppe will have charge of the office...