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March 15, 1925 - Image 3

Resource type:
Text
Publication:
The Michigan Daily, 1925-03-15

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I

SUNDAY, MARCH 15, 1925'

THE MICIGAN DAILY

Lifo e nle ers1iip SualiSeri p11011 S Most
~Be Paid tol Meet Mortgage
Pue hn Auigust
RENEWAL IS REFUSED
Next August a mortgage to the
abunt of $200,000 falls due upon the
building of the Union. A renewal of
this mortgage wa sgranted by the
banks here last year, the ,time exten-
sion to be one year. This year the
banks will not renew the mortgage
and the Union must raise the .$200,000
in. 'the next five months.
On the toher hand], the Union holds;
$285,237.24 worth of what amount to
prOnissory notes, that is, subscrip-
tions for life memblerships which are
.et (due. These overdue subscrip-
s are the only resource. the Un-
r pnc has to (1raw upnon to pay off the
o, )ortgage and if th- debt is to be paidl,
i:,lection must be made upon $200,00(0
vi ~rrth *o these. In other words thbe
Winancial situation of the Union is ini
serious iposition as a result of the
ailure of those who have sulbscribed
or life meinlerslips to pay their
In an effort to relieve this condi-
rLion, the Union has sent to all alumni
istatement of the financial condition, t
;nd the request that those -whose pay-
are-t entsar overdue pay off theirta
plediges, so that the mortgage on thea
building may be removed. This is!.
nmot a drive for U.nion members nor
. for donations of any kind, but merely
r in attempt to collect what is °rightful- 1
l y owed the Union.
~ A huge amount is being paid out
(each year in interest on the build-u
Ong debjt, which could be saved1 entire- z
~y if past due subscriptions were paidc
~up. The totaP amounts to $30f,364, in7
t he form of mortagages, while the to-c
t al of overdue "subscriptions is $253.-
2 62 . T i me n th t t e l r etpart of the whole debit couldI be w iped
Nut if alumni and students who haveI
,ledged to pay life memnbership dues,

Lead Fight For

Sinclair

,.., _

it would~ be a goodl idea inasmuch asM
it might. entail too much troub~le. It.
seenms 10 me that it is not relpresent a -
t ive of campuns lire as the Opiera and
should therefore be kept, in .=nn Ar-
bor."
H. K. Latta, Grad. -"Tres, undoubt-
edlly such anl adventunre would t end
10 lbring alunmae into closer Itouch
with the Uivrst~. brough In li i:
met hod1 the junior gidlsia y add con-
f
Wilhli
CN YOU

sidexrable to the Womens League 'riun ttu nn~n' row in room 304, of the ,Union, on the
" n''1Y'1 1 I tISIhUsubec, Problems Involved in Buildl-
Irene Field, '21(.-Ys, Itik* IL'IUUUmga Equiping a Nevth 'ig h School."°
tep-yhsbegiesuhpbii HIHi1ba oflty in the last few years that it would 01131 CHOLL IIUtrrII b d )-s n, when memnbers of tihe clubO
make quite a hit in this part of the I >ttL me et visitors.
country."______________________________
-!)r. J. Burns Fuller, principal of 'the
'home. Ma-rch 14. - The MussoliniI Normal high school at Ypsilanti, will',
go{;rnm~ent received a vote of confid-j speak to members of the MnsEu ed te W atA t
eiwc( in 1the chlam~ber today . cational club at 7:15 o'clock tomor- a he a t A
I C;P-TOCo
I nta~d Anew shipment of ready A - weaf top-
_coats, including a variety of patterns to
rmeet the taste of the discrimninating -
°- = dresser. You wvill L~e pleased with the
i s quality.
'E 1TIT? *
erhi1 outfit-
Custom Tailor
Men's Furnishiings
608 E. Liberty St, Phone 171,3-j'
CAIN S'TREET

cmIEI sea
i is -- U il

'is sthe galaxy of legal talent assembled by Harry F. 'Sinclair to
tight t hO o veramnt's Teapot :Dome suit: in the federal court: at Cheyen--.
mc, Wyo-. They are seen leaving the courtroom. ILeft to right.: John WV.
I ccv of1C('heyemmnc, M\artin WN. Lttletor of New York (City, chief counsel,
anid George P~. Ihoover of Washington, 1?. C., Sinclair's personal counsel.
would remit thle amounts they arc late thenm and p~robably be a motive for
in praying. If this is nmot (lone a crisis bct tei' play writing at Michigan." i
wvill be reachc(l in Union finances. IS.r,. Riblet, '25L.-"'I(10 not believe
Each year $35,000 is taken in on ____________________ _ _ :
lues while the cost of operating the'1
non-incoming p~ro(ducing departments Tf
o' the building amounts to $70,000.1;-,
lhis means that there is an expense
o~f $35.000 which has to be taken care
of ini some other way and the only w ay
of paying this expense is to ta(. e
money made by the coimmlercial ole -
partn etei such, as the dlinn roollis <<
cid caf e i a. As a tesult of this there T a
s littl emonrey left eacti year with

x10, SOUTH IM

a .
41
J l
r is '1 <M . S '
S.

No
Showing

-,

:.
,y .
x -
' !'
.
Y;r.
,: ,:
y

Refuses Raise

iCvic hto nay off' any rt of thle stnding
debt upon the building. On this basis,
a student who pays $6 for Union
.membership while he is. in school re-
ceives in return $12 worth of service.
Because of this critical state of fi-
nances, the Uanion urges all tudents
who are behind in paying off their
installments on life memberships to
bring their aeccunt sui to date as
scon as possible.

A

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Worldly ise

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oils Yi*

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VCampus
__ Credo1

I ST TTH~'iE MSSAGE 1OF A 1W011111}.JsV; fI;"EW'1)DOW.
HER S '."I " 3AIIDLF ILAA .E YV;;
:VI? M 3AI)E. Sill", 1 WS 3MEN A, Og L'L A "r°DAN WhO I
4111 BEEN WOOED ANI) WON AM)) THEN I)IMLLUMIONEI)
('AN KNOW TIHEM.

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s I
eryS. eog.Tckr Vri
HenrSedt ebill.Tishgrndathrii
eerofate hosecinr816,hefused
lj.o acteptforean2,incealtoincrasday
"r5'in eanewysalaey ofgrssonibyssme ;
'1,,Ies.aIyea n o hsewo

'f'~mi5 of"liovn : LDo you think tlbci
Junior'(Girls' platy houild go on thec
road?
. a Ina ' dd i ie ibrary.
'll~hea 4? e : la ion Mead, '2G.-
"No 1dei Lthi unthe lplay should go
on i'11 r.1; ilat least not 1this yea ;
Thereist he (Inest ion of c haper oneso . r- ~m -o ,(Ao
pen. coiimiect 0(1 wit-uitiv which I hdy
are ]'lot'1 I )' ~ail tfO Cope Wit iL''
Mwould betin or thEaster vacat ion.
'It vomilol 1m, very good expe rioencecfot

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iEl~ar oiif the111 , tIEli htiu as Well asi 7 eI A cce'v'ifiil IIIiiseal
MAIL ORIDERS NOW

w HA S 'l sill,~
EXPEIIIENC ES 11AS
-HAVE lM1U-WI
WHEN MlEAS-iM,
A(irAI "

7
VNISU ~--iQF , F 0"AD EN1'*IRE TOLD)
K 'iSE1'07 ' 'AOF 'II 'IIEPARTICIPANT.
YM4' IW21'"' NNOAV'r---IhAT
sm., I Al) TIIAT YOU RANV
.A1't IV HIt INAL1 ANEWE0
I ESF FM'Fiss RR
A':3 ~ t 1 to lai 3~cture-

1 VS MADE 13Y TH~E
DlTA 3sI NCNYON
ANNA Q. NILSSOV,4
H03, A RT CWOT
MRTLE TEDA

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.. # EI) PRAGRAS'I

WIlTH TH FAMOUS N. Y. CENTURYI
THETRECAST WHICH A"PPEARED

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'PODER iMARKS"
A Cameo Comedy

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