Word: year
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Dates: during 1940-1949
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With last week's victory over Navy restoring a bit of Crimson prestige, Coach Bruce Munro's team is by no means a hopeless underdog. Princeton's five-game shutout streak doesn't overly impress the Crimson, for last year Harvard had such a streak of its own and was upset by mediocre Navy...
...Trustees of the four-year old College of New Jersey voted to purchases a bookcase in 1750. This is the first record in Princeton's annals of any provisions for the printed word. It was just some 198 years later, in June, 1948, that President Dodds set the last few pounds of the 5,200 tons of Foxcraft stone required in the Gothic exterior walls of the 86,000,000,000 Harvey S. Firestone Memorial Library...
...income over expenses, but this surplus was gained only by eating into reserve funds to pay off the debts of such deficit departments as the Athletic Association, the library, and five graduate schools. Moreover, there is no assurance that there will be any overall surplus next year...
...recession's main effect on Harvard so far has been to make it harder for both individual departments and the University as a whole to raise money. Last year Harvard was lucky enough to attract about the same volume of gifts as it did the year before, but in the face of the uncertain economic future, the University discovered an increasing reluctance among its donors to sign pledges for future gifts. As a result, many of last year's gifts were of but one term's duration...
Another recent source of university concern has been the reduction in the return on investment, for the rate of interest has been declining over a long period. Harvard suffered no serious drop in its total return on investment last year, but there remains the danger that the recession may suddenly worsen and thus take a bigger chunk out of investment income. However, the University takes comfort in its continued conservative investment policy. Harvard's capital is much safer than that of schools whose need for higher returns has made them switch to more risky investments...