(Continued from page 3)
Home Owners’ Loan Corporation bonds and first mortgage real estate
loans.
Subsequent to February 28, 1935, $18,000 of additional muni-
cipal bonds were acquired at a cost of $18,016.93 and $7,000 of United
States Treasury notes, which originally cost $7,063.44, were sold for
$7,382.81.
Insurance Coverage: The insurance in effect as at February
28, 1935, is shown following:
Association of Former Students:
Fire insurance on office fixtures...........cooiioriinnenaes $ 2,000
Fidelity bonds:
E. E. McQuillen
Toe LT LL A ART iy TR SR CSR cial BEAN 5,000
Campus Cleaners and Tailors:
Fire insurance on equipment and fixtures.............
Fire insurance on customers’ clothes ................. 1,000
Delivery automobile: ;
Public liability
Property damage
McFarlin Memorial Student Loan Fund:
Safe deposit box burglary and robbery ..............
5,000
8,000
Scope of Examination: The examination consisted of the ex-
amination of the assets and liabilities as at February 28, 1935, and of
the recorded cash receipts and disbursements for the fiscal year then
ended. Cash in banks was reconciled and confirmed and cash on hand
was counted. Notes receivable and securities were inspected, confirmed
or otherwise accounted for. The liability to Sears-Roebuck and Company
was confirmed. The recorded receipts were traced to bank statements
and canceled checks were examined.
tin for
Very truly yours
LYBRAND,
ROSS BROS. & MONTGOMERY
REPORT—
(Continued from page 1)
gether, and maintaining their in-
terest in their alma mater. We
have endeavored to make the AG-
GIE as interesting and as read-
able as possible.
EASTERN TOUR
An all-expense tour to the East,
based upon the A. & M.-Temple
University football game in Phila-
delphia last October, was sponsor-
ed by the Association. Forty-two
made up the party of Texans who
followed the team East. Sufficient
profit was shown upon the venture
to send the 110 piece band to Aus-
the Thanksgiving Day
Game. An A. & M. meeting in
New York City, and many contacts
with A. & M. men living in the
East were enjoyed by our secre-
tary, while on the trip.
OFFICERS AND DIRECTORS
The Board of Directors of the
Association held called meetings
in July, January, March, and April,
in addition to its regular meeting
3 h.) 4-3 ~f
ree ToT?
i Red rg-af-the
Association. Mr. T. B. Warden,
serving us his second term as pres-
ident, has continued through the
past year his untiring activity in
behalf of the Association. The Stu-
dent Loan Fund Trustees have held
numerous meetings in handling
McFarlin Farm and Student Loan
Fund matters. Messrs. Thanheiser
and Schepps have represented us
well and conscientiously on the A.
& M. Athletic Council. Marion
Church has continued to serve as
our legal department, without re-
muneration, and T. W. Mohle and
his firm gave us for the second
year, our annual audit and finan-
cial report. Space will not permit
the naming of all the many A. & M.
men, who during the year served
their college, their Association, or
their A. & M. men, so ably and so
unselfishly. To them all we owe a
deep debt of gratitude.
TAILOR SHOP ;
The Campus Cleaners and Tail-
“ors, owned by the Association, was
operated during the past year at
a fair profit and proved a great
help in financing the organization.
THE ENDOWMENT FUND
The Texas A. & M. Endowment
" Fund was saved from possible loss
during the year through the re-
tirement of real estate mortgages
with Home Owners Loan Corpora-
tion Bonds. The fund shows a bal-
ance of $18,319.00. Its investment
has been handled through a stand-
‘ing committee composed of Henry
Schuhmacher, of Houston; Colonel
P. L. Downs, of Temple; and E. H.
Astin, of Bryan.
ATHLETIC PROGRAM
At a called meeting of the Direc-
tors and other interested men, held
at College on January 20, 1935,
a definite schedule of work to aid
the athletic program of the Col-
lege was outlined. Tyree L. Bell,
W. W. Lawson, and George G.
Smith were named as a committee
to handle this work with the aid of
Secretary McQuillen. Their work
is progressing nicely, and A. & M.
men have responded warmly to the
program. Encouraging capable
athletes to attend A. & M., aiding
athletes to secure summer work,
and taking a personal interest in
these boys, are the principal featur-
es of this program. y
ASSOCIATION MEMBERSHIP
During the past year a total of
1,080 men contributed to the As-
sociation. This is approximately
the same number paying in as
during each of the past three years.
We hope this number will in-
crease during this current year.
It has been necessary during the
past year to remove some 800 men
from the active rolls of the Asso-
ciation. The organization could be
helped immensely if every mem-
ber would give his personal aid
in influencing and getting other
A. & M. men to take an interest in
the Association, pay their dues,
and take part in our various ac-
tivities.
McFARLIN FARM GIFT
Final liquidation of the McFar-
lin Farm Gift was effected during
the year by the Student Loan Fund
Trustees: President Warden, Mr.
A. F. Mitchell, and Secretary Mec-
Quillen. The trustees were aided
and guided through the legal as-
pects of these matters by Marion
Church. From the proceeds of this
liquidation has been set up the Mc-
Farlin Memorial Student Loan
Fund of $115,000.00. This fund
the final McFarlin Farm, the As-
sociation retained a 1/32nd min-
eral reservation, and also holds a
contract calling for an additional
$35,000 from the buyers in the
event they are able to retain pos-
session of the heavily involved
property. It is unlikely that: either
of these will ever bring any addi-
tional funds to the organization.
Our only liability in this whole
subject is a gentlemen’s agreement
made at the time of the gift, where-
by we promised to protect the
Donor under certain eventualities.
The liability is less than 1/10th of
the amount of money that has been
set up as the McFarlin Memorial
Student Loan Fund.
STUDENT LOAN FUNDS
Six hundred and twenty-five boys
were aided in financing their ed-
ucation at A. & M. during the past
year through our Student Loan
Funds. A total of $56,230.00 was
loaned. We have been forced to
add a part time stenographer to
assist in the administration of
these loans. Loan fund activities
make up a considerable part of the
work of the office at College. The
attention of all A. & M. men should
again be called to our A. & M.
Plan of Student Financing; name-
ly, after initial starting expenses
are paid, $20 to $25 per month pay-
ments will enable a student to at-
tend our institution.
LEGISLATIVE
We have taken an active part
in legislative matters affecting
Texas A. & M. during the past
year. With other friends of public
education in Texas, we played our
part in killing the “Tax Shifting”
amendment to the constitution pro-
posed last summer. Educational
authorities, from the country
schools to the higher educational
institutions, were unanimous in
condemning this proposed amend-
ment as a menace to public educa-
tion in Texas.
An effort to increase tuition
charges at state schools was made
at this session of the legislature.
We played our part in its defeat—
and held in reserve the heavy ar-
tillery of most of our local clubs.
Biennial appropriation bills are
before the legislature in session
now. Your president and your sec-
retary have aided the College and
its divisions as far as possible in
their fight for adequate funds. Our
-Mobeetie, Texas; reports—that bus:
The addition of Bill James and
Lil Dimmitt to the athletic staff
of Texas A. & M. and the resigna-
tion of Line Coach Cal Hubbard
have been recent developments in
the athletic situation. Appointment
of James and Dimmitt, and the
resignation of Hubbard were an-
nounced recently by Athletic Direc-
tor Homer Norton.
Hubbard’s resignation followed
the close of spring football
practice and his departure for the
East to assume his duties as um-
pire in the International Baseball
League. It is believed he has made
a connection to coach one of the
Professional football teams for the
coming year.
Norton further divulged that
there would be one more addition
to the A. & M. coaching staff
sometime this spring, making four
new members for the four men lost,
John Reid, Roswell Higginbotham,
Carl Sprague and Hubbard. No as-
signment of duties for the new
men has been made. In addition to
Dimmitt and James, Herbert Mec-
Quillan, head coach of Stetson Uni-
versity in Florida, was signed some
time ago. Who the last man to be
appointed will be remains a mys-
tery.
Bill James served as freshman
coach at Texas University last year
and previously was line coach for
the Longhorns for nine year. He
is a graduate of Centre College,
playing under Charley Moran, and
played in the famous Centre-Texas
Aggie game on New Years Day,
1922, when the Aggies defeated
the Praying Colonels of Moran in
Dallas. After two years of high
ADDITION JAMES AND DIMMITT,
RESIGNATION OF HUBBARD, ARE
LATEST ATHLETIC DEVELOPMENTS
school coaching James went to T.
C. U. in 1924, but after one year
there became line coach at Texas
University. He is employed at A.
& M. upon a seasonal basis. He is
regarded by many observers as
one of the finest line coaches in
the Southwest.
Lil Dimmitt is one of the best
known football coaches in the
Southwest and has been athletic
director and head coach of the
Beaumont High School since 1923.
He attended Southwestern Univer-
sity of Georgetown. He and his
family will move to the campus
this summer. Dimmitt coached at
Georgetown before moving to
Beaumont, and at one time was
mayor of Georgetown.
Although no definite assignment
of duties has been made for the
new members of the coaching staff,
it is very probable that Dimmitt
will become trainer, and also as-
sist in the business management
of the department and assume
some coaching duties. He is ex-
perienced in football, basketball,
track and baseball. Bill James is
expected to do much of the football
scouting next fall, as well as work
with the varsity linesmen. Mec-
Quillan is experienced in all four
major sports but his definite as-
signments have not been announc-
ed. Norton, of course, will remain
as head of the department and
head football coach. He is also ex-
perienced in baseball, and played
professional baseball several years
after finishing college. It is not
likely, however, that he will add
baseball . coaching to his already
arduous duties, but will assign that
sport to one of the new men.
Dr. Byron Lackey, ’31, is prac-
ticing dentistry at Pecos, Texas,
having recently moved there from
Ft. Worth. He was captain of the
Aggie baseball team during his
senior year and a star catcher.
. Grady W. Harris, ’22, manager
of the Mobeetie Implement Co., at
Resigns |
iness is better in his section and
that a few good rains would put
them in good shape. He is distri-
butor of the McCormick-Deering
line.
W. A. “Bill” Neibuhr,
Division Engineer for the Texas
Power and Light Co., at Tyler,
Texas.
efforts along these legislative lines
are not as strong, nor as success-
ful as they should be.
A. & M. CLUBS
A. & M. clubs in various cities
enjoyed another active and success-
ful year. Space will not permit a
recital of their many good tasks
completed. Their activity and or-
ganization is encouraged and aided
in every possible way by the Head-
quarters office.
All financial affairs of the or-
ganization during the past year
have been checked and audited by
the firm of LYBRAND, ROSS
BROS. & MONTGOMERY, and
their report checked by the Audit-
ing Committee of the Association.
Details of the financial report are
carried elsewhere in this issue of
the TEXAS AGGIE.
These are outstanding phases of
the work of our organization. A
score of lesser ones might be men-
tioned. There are many other tasks
we should some day be strong
enough to undertake. In the mean-
time, it must be remembered that
OURS is a MUTUAL organization
—no stronger than the number,
the interest, and the cooperation of
its individual members.
22, is
i
i
Raymond G. Post, 23, is a prac-
ticing architect with his own office
at 1017 Louisiana Nat’l. Bank
Bldg., Baton Rouge, La. His broth-
er, Jerry V. Post, 21, is also in
AUSTIN
BRIDGE COMPANY
DALLAS, TEXAS
MANUFACTURERS
CONTRACTORS - BUILDERS
Baton Rouge, with the Baton Roads - Bridges - Road Machinery ;
Rouge Electric Co. pe :
V NN
—Breathe again the Spirit of Aggieland—
When at or near College Station
Stopping at
On the Campus
Modern Conveniences Good Food
For Reservations address the
AGGIELAND INN
College Station, Texas
S a)
7 \
Wm. CAMERON & Co.
(INCORPORATED)
LET US REMODEL YOUR HOME
Payments Monthly Under N. H. A.
No Red Tape—Deal Direct With Us
We have built homes in the Southwest for over
half a century with Cameron’s Quality Building
Material.
Ninety Lumber Stores to Serve You
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AGGIE-EXES
Above is pictured Cal Hub-
bard, who has announced his
resignation as head line coach.
Sam F. Clark, ’15, is Field Rep-
resentative for the financial de-
partment of the Union Central Life
Insurance Co., with headquarters
at 202 Greenville National Bank
Bldg., Greenville, Texas. He was
formerly County Agent of Bell
County, living at Belton.
W. K. “Runt” Hanson, ’15, re-
cently was transferred from New
Orleans, La., to Atlanta, Ga. He is
with the Ford Motor Co., and was
Assistant General Manager of the
New Orleans branch.
R. E. Skrabanek, ’26, is in the
geology dept. of the Humble Oil
& Refining Co., at Houston.
>
Z
TO SERVE EVERY CEMENT NEED:
A. F. SAYERS, President ’13
FRED BRAMLETTE, Sales ’17
CLYDE N. BATES, Sales ’17
FRANK SMITH, Plant °23
RALPH
SAYERS, Plant ’25
cAnd a company conceived,
built owned and operated
Sb ly native Texans
REPUBLIC
PORTLAND CEMENT
"COMPANY +"
'SMITH-YOUNG TOWER
SAN ANTONIO
“ TEXAS ®
GRAHAM HALL 13
When You're
In Houston
Lift the
LATCHSTRING
AT THE
BEN MILAM
“Where a Friendly Welcome
Awaits You.”
7
IS
BARBER SHOP
MACHINERY ! ! ane
Garage Adjoinin
AND INDUSTRIAL SUPPLIES 2 Ee
Irrigation Plants — Cotton Gins — Power Plants Rates $2.00 to $2.50
Foundry and Machine Shops od
250 Rooms Operation of
SAN ANTONIO 250 Bak T. L. POWELL - GRAHAM HALL
MACHINE & SUPPLY CO. We have a Roster of Houston A. and M. Club.
San Antonio Waco Corpus Christi You're welcome to see it any time.
i.