THE BATTALION
Pag-e 4 College Station, Texas Wednesday, April 26, 1961
Financial Reporting
Interest Growing
The editor of the editorial page
of a Texas nawspappr said yester
day that “more people than ever
before are interested in financial
reporting—because more people
than ever before are literate and
Wednesday — Thursday — Friday
“THE MARRIAGE-GO-
ROUND”
with Susan Hayward
plus
“WILD RIVER”
with Montgomery Clift
4
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The speaker, Frank Langston of
the Dallas Times Herald, told the
more than 150 persons at the Ac
counting Conference in the Memo
rial Student Center that “our
readers want to know what hap
pened in the company the past
year. Did it make a profit ? How
much ? HoW much per share ?
How does that tally with the price
of the stock ? What kind of divi
dends did it pay? Has it any new
products that may affect its value
this year? Does the report reflect
good, prudent management? Has
the management shown itself to be
aggressive ?
“I believe a financial report
should inform—not confuse or
hide.
“But from time to time we get
fragmentary reports that deal in
percentages only—‘sales were up
18 per cent last year.’
“Up 18 per cent from what?
“Unless we know that ‘what’ the
18 per cent figure doesn’t mean
very much,” Langston declared.
Top - flight businessmen from
throughout the U. S. attended the
conference. Robert Zech of Arthur
Anderson and Co., Dallas, was
conference chairman. Walter S.
Manning of the Division of Busi
ness Administration was in charge
of local arrangements.
PALACE
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with Frank Sinatra
QUEEN
NOW SHOWING
Walt Disney’s
“101 DALMATIONS”
Pakistanian Honored At A&M
Dr. Abdul Haque, center, assistant director
of Public Instruction for the government in
East Pakistan, was honored recently at a
luncheon at A&M. Attending the affair
were Chancellor M. T. Harrington and Earl
Rudder. Acting as education advisor to the
government of East Pakistan, Haque has
been studying the educational organization
of A&M with the idea of setting up a similar
system at the East Pakistan Agricultural
University. The luncheon was sponsored by
the Pakistani Students Association.
Proposed Bill To Give
Korean Vets Assistance
Special to The Battalion
Four million Cold War veterans
will have the opportunity of re
ceiving educational and job train
ing assistance under a bill which
is now before the Senate Subcom
mittee on Veterans Affairs, accord
ing to Ralph Yarborough, U. S.
Senator from Texas and one of the
chief sponsors of the bill, which
was introduced in January.
The bill would provide readjust
ment assistance for post Korean
vetefans. These are persons who
have performed more than six
months active duty in the armed
forces since Jan. 31, 1955. The
basic eligibility period extends to
July 1, 1963, the present termina
tion date of the compulsory draft
law.
A .veteran would receive one and
one half days education or train
ing for each day on active duty.
The period' of education or train
ing is limited, however, to 36
months.
During a period of full time edu
cation or training, a Cold War
veteran, with no dependents, would
receive a monthly allowance of
$110. He would receive $135 a
month with one dependent and
$160 with more than one depend
ent. In usihg these allowances, the
veteran would be responsible for
paying for his subsistence, fees,
tuition, supplies, books and equip
ment.
Deadline provisions in the bill
require the veteran to begin his
training within three years from
date of discharge or the date of
enactment of the bill into law,
whichever is later. He must com
plete his education or training
within eight years after discharge
or enactment of the bill, whichever
is later.
There would be no retroactive
allowances for the Cold War vet
eran who was enrolled in school
or a training program before Jan.
1, 1961, but those veterans enrolled
since that time would be eligible.
Vocational rehabilitation train
ing for disabled veterans would be
conditioned upon the need for
training as determined by the Ad-
LUCKY STRIKE PRESENTS
D&R.DfcFRaoD
dr. frood’s thought for the day: A lillle learning can
be a dangerous thing—especially in a multiple-choice exam.
DEAR DR. FROOD: I have been training our
college mascot, a goat. He has learned how to
open a pack of Luckies, take out a cigarette,
light up and smoke. Do you think I can get
him on a TV show?
Animal Husbandry Major
DEAR ANIMAL: I’m afraid not. To make TV now
adays, you’ve got to have an act that’s really
different. After all, there are millions of Lucky
smokers.
ministrator of Veterans Affairs.
A disabled veteran’s training pro-
grani could be at either college or
below college level, depending
upon his needs and capabilities.
The bill would provide loan
assistance for the purchase of
homes, including homes on farms,
livestock, etc. Widows of veterans,
who died of a service-connected
disability, would also be eligible for
these loans.
OBTAIN RIGHT TO FREE USE
Board Approves
Right To Machine
The invention of a machine that
can prepare a seed bed, lay down
a plastic mulch and plant crops
in one operation and an instru
ment designed for use in prevent
ing feed spoilage, were considered
here Saturday by the Board of
Directors of the A&M College
System.
The directors approved action
that will allow the inventors to
submit disclosures of their in
ventions to the Research Corp.,
throught the A&M Research Foun
dation. This will allow the in
ventors to receive certain royalties
if patents are obtained, and at
the same time will secure to the
A&M College System the right to
free use of the new inventions.
The machine, invented by Dr.
Homer T. Blackhurst, Clyde
Singletary and Antone Nemec, is
a unit capable of being attached
to any standard three-point trac
tor hitch and one that will prepare
the seed bed by shaping the soil
to the desired contour; it then lays
down a black plastic sheeting, per
forates it at desired intervals,
plants the seed and puts down
fei’tilizer—‘all in a simultaneous
operation.
Blackhurst, a member of the fac
ulty of the Department of Horti
culture, says that trial runs with
the machine have been highly suc
cessful, and that the machine will
function at the same rate of speed
as the planter box being used.
Ffom 12 to 14 acres per day have
been shaper, seeded and protected
with the plastic “mulch” in field
trials, and it is believed that the
units can be easily built in gangs
where large-scale operations are
necessary.
Blackhurt says the new machine
has functioned under extremely
adverse field test conditions. “We
put down that plastic out at Pecos
with a 40-mile-an-hour wind blow
ing and it went on just fine,” he
says.
He expects the method to find
adaptation in areas where high
high per-acre value crops are
planted, and notes that using the
plastic mulch significantly cuts
water requirements as well as the
amount of fertilizer needed for
adequate plant growth. Co-inven
tors of the machine, Singletary,
a horticulturist with the Texas
Agricultural Extension Service,
and Nemec, a mechanic in the De
partment of Horticulture, say the
machine has been used success
fully in planting cucumbers, canta
loupe, squash, okra, peas, pepper,
tomatoes and cotton.
The
DEAR DR. FROOD: I have calculated that if the population explosion
continues at its present rate, there will be a person for every square
foot of earth by, the year 2088. What do you think of that?
Statistics Major
DEAR DR. FROOD: I am a full professor—and
yet I stay awake nights worrying about my abil
ity to teach today’s bright young college stu
dents. They ask questions I can’t answer. They
write essays I don’t understand. They use com
plicated words that I’ve never heard before.
How can I possibly hope to win the respect of
students who are more learned than I am?
Professor
DEAR STATISTICS: Well, one thing’s sure, that will finish off the hufe-
hoopers —once and for all.
DEAR PROFESSOR: I always maintain that noth
ing impresses a troublesome student like the
sharp slap of a ruler across his outstretched
palm.
c;
DEAR DR. FROOD: You can tell your readers for me that
college is a waste of time. My friends who didn't go to
college are making good money now. And me, with my
new diploma? I’m making peanuts!
Angry Grad
DEAR ANGRY: Yes, but how many of your friends can do
what you can do—instantly satisfy that overpowering
craving for a peanut.
DEAR DR. FROOD: Could you give a word of
advice to a poor girl who, after four years at
college, has failed to get herself
invited on a single date?
Miss Miserable
DEAR MISS: Mask?
THE RECRUITERS ARE COMING! THE RECRUITERS ARE COMING! And here’s Frood to tell
you just how to handle them: These representatives of big business are, on the whole,
alert fellows. They may be aware that college students smoke more Luckies than any other
regular. Let them know that you know what's up—offer them a.Lucky, then tap your cranium
knowingly. Remember—today’s Lucky smoker could be tomorrow’s Chairman of the Board.
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LOUPOTS
Wednesday
invention of a device to
measure interspace relative hu
midity of feed ingi-edients, mixed
feed and other porous media, was
accomplished by Dr. L.-’R. Rich
ardson, a professor in the Depart
ment of Biochemistry and Nutri
tion, and B. D. Webb, a research
assistant and PhD candidate in
the department.
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