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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Aug. 27, 1959)
The Battalion -i- Collejre Station (Brazos Country. Texas Thursday, August 27, 1959 PAGE 3 . The Animal Freshman Ball 1958-59 Fish Sweetheart Ann Douglas re ceives congratulations and a gift from Eddie Dyer, last year’s chairman of the sweet heart committee, while other finalists look ,on following the judging and selection dur ing the annual Freshman Ball held in Sbisa Hall. The annual ball is held each year dur ing the second semester and is most noted for the many beautiful girls who attend the ball. A&M Board of Directors Discuss Indians, Outlaws l! The high costs of Indian fight ing and outlaw eradicating were topics of conversation here Tues day, as directors of the A&M Col lege System re-invested $209,000 from the original endowment of the College. Eighty-eight years ago, A&M received land scrip for 180,000 acres of public lands, as part of the Morrill Act establishing land Most Aggies Must Live on Campus All students unless married or living with their families must live in college-operated dormitories. Unmarried students living with their families or close relatives and graduates may also live off campus. A&M operates 526 apartments for married students. Sixty are project houses for graduate stu dents. Four hundred sixty-six are known as College View apartments with married Veterans being given preference over non-veteran stu dents. Sixty of these apartments are allocated to graduate students. The waiting period for a veteran student applying for one of these apartments in September would be about one year according to offi cials of the Housing Office. The waiting period for non-veteran stu dents is indefinite. All students who are eligible to live off campus or in college apart ments must get a day student per mit prior to paying their fees. Civilian students may obtain this permit from the Housing Office lo cated in the basement of the YMCA. Military students must obtain a release from the Office of the Commandant, located in the Mili tary building, then present this form to the Housing Office. It was J. B. Johnson who made the first attempt to swim across the English channel. That was in 1872. He remained in the water only 65 minutes. CONVERSE “ALL STAR” Tennis Shoes Student Co-op Store grant colleges. The land scrip was sold at 87 cents an acre, and invested in seven per cent (Texas) Gold Frontier Bonds, valued at $174,000. The gold Frontier Bonds were provided for in a law passed Aug. 5, 1870, athorizing Texas to issue a total of $750,000 worth of the bonds—at seven per cent—to pro vide for the costs of operating “ranging” or “ranger” companies. These ranger outfits were in some instances similar to state militia companies; in other cases, they were county organizations very much like the Minute Men, in oth ers, simply well-organized vigi lantes. All needed money, for horses, ropes, guns, shells, blan kets and burials. A&M took 174 of the 350 bonds issued to provide funds for the Indian fighters and outlaw chasers. By 1876 the accrued unpaid in terest on the bonds amounted to $35,000 which was added to the original $174,000, and re-invested in six per cent State of Texas bonds. This $209,000 total has since been re-invested in five per cent State of Texas bonds, and direc tors of the A&M College System today authorized re-investment of these bonds in 4.39 per cent U. S. Government bonds, maturing in 1963. The board’s action was au thorized by the 56th Legislature, in its third called session. Bankers, as well as Texas his tory fans, will probably be inter ested in noting that the original endowment was made from bonds on which Texas had to give 7 per cent—and there were few takers. Of the $750,000 in bonds authorized for support of frontier defense, only $313,200 worth were ever sold, and more than half of them were bought by A&M College. Carpet baggers, outlaws, Indians and the after-effects of the war between the states made it difficult in those days for investment authorities to get too enthusiastic over the Lone Star State’s financial future. And despite current talk about higher interests, it’s worth noting that re-investments have been on, first, 6 per cent bonds, then 5 per cent bonds and today, on 4.39 per cent bonds. The $209,000 invested in U. S. Government bonds by A&M Sys tem directors Tuesday constitutes the Land Grant Endowment Fund, a perpetual fund, from which the college receives interest on its in vestment as one source of income. Re-investment has been necessary in the past by the maturing of each series of bonds held for this fund. A New Policyholder Every 22 Seconds Let me show you why so many are insured so often by State Farm MutuaL You’11 be glad you did. U. M. Alexander, Jr., ’40 215 S. Main Phone XA 3-3616 ! STATE FARM LIFE INSURANCE COMPANY Home Office—Bloomington, Illinois; GUNS Welcome Class of 1963. Glad to have you on the campus, and while you are on the campus — get to know JIM WESTBROOK, the Aggie GUN DEALER. This is his third year selling guns to Aggies and this year promises to be bigger than ever. For all of your shooting needs— GUNS, AMMUNITION, SUPPLIES — see JIM WEST BROOK FIRST to SAVE the MOST. BUY YOUR GUNS FROM AN AGGIE JIM WESTBROOK ’60 Box 5306 ight Fellowships Given to College A&M has been awarded four fellowships in Structural Engineer ing and Mechanics and four fellow ships in Physics by the Depart ment of Health, Education and Welfare under the new National Defense Act, Dr. J. B. Page, dean of ’ the College and the Graduate School* announced recently. A fellow must be a national of the United States or in this coun try for other than a temporary purpose. He must subscribe to the affidavit and oath or affirmation set forth in Title X of the act. A fellow must have completed the baceaulaurate degree or its equiva lent. He may .not have completed more than a half-year of previous graduate work toward the Ph.D. degree or equivalent degree. Pre ference will be given to applicants who are preparing to teach in in stitutions of higher education. A fellow must devote essentially full time to study or research in the program in which the fellowship is awarded. The stipends will be $2,000 for the first year-, $2,200 for the sec ond and $2,400 for the third year, plus $400 for each year on account of each dependent. Under the New National Defense Act normal tuition and out-of-state fees will be paid and in addition A&M can recieve direct payment of up to $2,500 for each of the eight fellowships to help defray the institutional expense of train ing the graduate student. • Uuder the fellowships students may be employed in teaching, re search or similar activities up to one-fourth time during one of the three years of his fellowship WILLIAMS TERNS TO OPERA NEW YORK <dP) _ Tennessee Williams, a playwright who likes to keep several creative projects simmering simultaneously, now has an opera among his en terprises. With Raffaellode Banfield, Ital ian composer, Wililams is at work on a musical version of “Orpheus Descending,” a stark drama which ran briefly on Broadway last sea son. Straw is used to celebrate the second wedding anniverstary. Day Classes Start' Sept. 14 Night Classes Start Sept. 21 Vcur chance to train for a better oosition and a brighter future. 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