The sun. [volume] (Newberry, S.C.) 1937-1972, April 20, 1961, Image 2
PAGE TWO
THE NEWBERRY SUN, NEWBERRY, SOUTH CAROLINA
THURSDAY, APRIL 20, 1961
1218 College Street
NEWBERRY. S. C.
PUBLISHED EVERY THURSDAY
O. F. Armfield, Jr., Owner
Second-Class postage paid at Newberry, South
Carolina.
SUBSCRIPTION RATES: $2.00 per year tn ad
vance; six months, $1.25.
COMMENTS ON MEN AND THINGS
We have too greatly emphasiz
ed the Presidency of the United
States; the Congress acts as a
feeble yes, yes body and smarts
under presidential compulsion. It
is the Congress which should pre
pare bills, as the Congress may
see the need. Instead of that the
President submits even prepared
bills and cracks his whip.
Our country is suffering from
too many laws, too many pro
grams, too many public state
ments, too much TV publicity for
men in office. Even more annoying
is the strangulation of business,
the virtual destruction of individ
ual initiative; and the oppressive
retaliations of numerous Govern
ment Commissions of entrenched
bureaucrats.
I must repeat the utter un-Am
erican graduated Income tax and
the confiscatory tax of fifty-two
per cent of Corporate income.
All the while that the Govern
ment is collecting 52 per cent
from enterprises it is lending
money to their non-taxpaying
competitors at 2 per cent although
the Government is paying three
and one half and four per cent for
the money it lends to non-taxpay
ing favorites at 2 per cent—two
per cent!!
Ponder this: What sort of fool
ishness is that? Do you know
why? Your Congressman thinks
that sort of business will earn the
support of the favored group. We
have sunk to the level of measur
ing everything by the number of
votes—organized votes, for the
majority of unorganized Ameri
cans are taxed to support the or
ganized non-taxpaying minority.
I have before me the annual re
port of a comparatively small cor
poration of Pennsylvania.
Consider this statement:
; Cost of materials and services
used by the company $49,788,054
PayroU $29,981,522
Employee Benefits $ 7,802,971
Taxes $ 4,916,226
Deprc’n and rentals $ 4,255,758
Interest paid $ 1,228,341
Retained for reinvest
ment in business $ 3,517,283
Dividends (amount paid
to the owners $ 1,430,892
Well, the only one without a
friend is the owner; the owner is
just about skinned and thrown
out into the dark, cold world.
isn’t he?
Let’s see how that would apoly
to the farmer: Thin k of a farmer
vvith 100 acres. Disregarding for
the moment Government regula
tions, let us measure his income
by the rule of the small corpora
tion.
Let’s allow him 50 acres in cot
ton, 3acres in tobacco, 20 acres
in pasture and home site, barns,
etc; 27 acres in corn and miscel
laneous crops.
50 acres in cotton, 50 bales of
500 pounds at 35c $8,750.00
Tobacco, 6000 lbs at 60c $3,600
27 acres in corn, 60 bushels
to the acre at $3 $4,860
Miscellaneous: (milk, eggs,
fruit, truck, hogs, cattle $$2,000
Total Income $19,210
Of course this is not according
to Hoyle, or the higher levels of
Tradd Street agriculture.
Now let’s distribute that, more
or less as a corporation distribu
tes: The corporation I have in
mjnd sold its products for $102,
921,047. It paid 48.8 per cent for
raw materials; 28.1 per cent for
payroll; Income taxes .041; prop
erty and other taxes .007 wear
and tear .036; rentals paid .005;
Interest paid .012; retained for
development .034; paid to own
ers .014.
As you see, iheowners of the
company take home the crumbs.
So the owners receive .014. The
farmer, of course is entitled to
remuneration for services, but for
his dollar investment he would
here receive .014 on his gross pro
duct of $19,210 or $268.94.
Would you like to be a farmer
on that basis?
If you should think of retiring
and just living on the farm—even
without paying rent for the
house, would $268.94 look like a
windfall ? No, sir; you would
need quite a strong dose of So
cial Security to make ends meet.
So you see how discouraging it
is to be a stockkholder.
If you were taxed as the power
companies and merchants are
taxed, while your neighbor goes
scot free, pays no taxes and bor
rows money , at 2 per cent while
you pay seven!!
What do you think of the glam
or of being a stockholder?
My brother scribe of Pickens
carries a story you may enjoy:
“Turned off alarm clock (price
$5, tax 50c) at 7 a.m. and fell out
of bed (price $100, tax $10). Push
ed back electric blanket (price $28,
tax 84c). Snapped on 33 cent light
bulb (tax 2c). Used electric razor
WASHINGTON AND’
. ..
SMALL BUSINESS*®;
By C. WILSON HARDEN:
With one of the heaviest ma
jorities on record on any issue,
the nation’s independent busi
nessmen, voting through the
National Federation of Indepen
dent Business, have expressed
opposition to the proposal that
the President of the United
States be given the power to
change the
income tax
rates. The
vote against
this proposal
was 83%.
* * *
There has
been consid
erable discus
sion along the
Potomac of
permitting C. W. Harder
the president, at times where
there is a slowdown in business
activity, to reduce or even sus
pend, for a period, the income
tax deductions from paychecks.
* * *
While at first blush this may
sound like a logical way to
meet an economic emergency,
such a plan has many dangers.
* * *
But probably foremost in the
of the nation’s indepen
dent business when they con
sidered this measure was a
deep reluctance to transfer any
more power from Congress to
executive branch of federal
government.
* * *
The businessmen have al
ready seen the widespread de
struction of vast areas of Amer
ican business and employment
when Congress relinquished
control over tariffs to permit
the State Dept, to sabotage the
protective tariff system. They
have seen the Federal Reserve
Board play ducks and drakes
with supply and cost of credit,
and they have seen National
Labor Relations Board play hob
with everything.
© National Federation of Independent Business
But undoubtedly the greatest
reason was the awareness that
there is no simple nostrum to
solve the present problems.
Vast issues cannot be solved
by half vast measures.
* * *
The problem of today and at
least for the next decade is to
provide more jobs. More jobs
depend on more employers. To
achieve more employers, there
must be new business enter
prises. For new erterprises
there must be more riok capital.
* * *
Today, there is only naif risk
capital available, because the
government takes no risk. Let
a new business start, and if it
doesn't make it, the starters of
that business have taken all the
risk. But iet it make some
money while still in its infancy,
and the tax man is right at the
door for his cut, whether or not
the foundling business needs
these earnings to continue.
* * *
Thus, it would perhaps be
nice at times for Joe to feel he
could afford an extra beer on
his way home, or for his wife
to feel she could buy a new
washing machine. But that is
not going to encourage some
body xo risk money in setting
up a new brewery, or washing
machine company, which would
provide more' jobs. Presumab
ly, this could help an already
existing brewery or factory,
but the problem is not alone
that of keeping present employ
ing units healthy but also to
promote new job creating en
terprises.
* * *
Thus, the tajfc.jjroblem of to
day is not one of adding hasty
emergency provisions to an al
ready jerry built structure,
but rather it is a problem of
reforming the tax system so
more people will be encouraged
to risk money in new ventures
to provide more jobs.
(price $22, tax $1.32) on drawn
face. Applie^^smell of success
( (bay rum—$L3u a bottle plus 13c
j tax). Lost ti#-clasp (price 3, tax
! 30c). while d^essing.vLooked for
ward to breakfast. Orange juice
| in the .refrigerator (price $300.00,
j tax $9). Toast in the toaster
* (price $16, tax 48c). Coffee perk
ing on the stove (a $210 job, dis
regarding the $6.30 tax). Phoned
car-ppol Henry (monthly bill $12,
plus $1.20 tax)."Oh well, relax at
the station. Before train pulled in,
needed a cigaact v(pack cost 13c
plus 15c tax. Boarded train. Join
ed three pals for bridge. Chipped
in for cards, 40c adeck (tax 13c.).
Got lots of work done at the office
(annual income $7,500, federal
and state withholding $1,328. Left
for lunch $1.40 plus 3c tax. Crept
back.
“Home at last.’ Th^nk heavens.
Stumbled into the castle (price
$16,000, annual property tax
$310). Kissed wife. (Hidden tax).
“Will-yum, ‘said mama sharply,
‘we haven’t made out our income
tax.”
I make no claim to poetical ef-
fus on, but in my suffering I cry
aim d, as follows:
T< catch dame fortunes golden
smile assidous wait upon her and
gather gear by every wile that’s
justified by honor.
Not for to hide it in a hedge or
for a train attendant, but for the
glorious compulsion of the day to
pay the tax pendente (to think
ourselves prudente.)
O, for the happy days before
Lend-lease, Marshall plan and
Foreign aid and World uplift
when we paid taxes to a few for
the good of many.
Today we have so many tax-
eaters that nearly every home
draws support from the Govern
ment—some government.
As a poet I rank considerably
below Tennyson for clarity and
sweetness, but I almost rank with
some of the smaller “fry” in ob
scure phrasing.
What a fabulous Government
and what egregiously foolish peo
ple are we!!
The President is wjlling to make
concessions to Congress! Says a
dispatch.
Congress should say: “Mr. Pres
ident, make your recommenda-
I tions, as the constitution says,
but, ‘layoff’, we are the lawmak
ers.”
Try to imagine the Queen of
Great Britain sending a MUST to
Parliament!
—boggling at the foreign aid fig
ure, will simply decide to stop
counting, lor the numbers are like
ly to run out before the alleged
‘need’ does’.
Hear the Saturday Evening
Post:
“In announcing the appointment
of a new member to the board of
the Tennessee Valley Authority,
President Kennedy urged that or
ganization to ‘study ways in
which the lessons it has learned
in the Tennessee .Valley may be
exported abroad’. While few dis
pute the accomplishments of TVA
as an engineering accomplishment
it would be less than accurate to
send abroad the impression that
only by tax-consuming, semi-soc-j
ialistic projects have we taken!
‘long leaps forward’. Actually the
most striking progress in this in
dustry, as in most others, has
been made by private-investor
companies. Despite taxes and in
terest rates which favor public
power, with more to come in the
new Administration, at least 80
per cent of our electric power is
produced by private-enterprise
companies. The Idaho Power com
pany’s Hell’s Canyon dams add
enormously to the power resour
ces of the area and, incidentally,
pay $10,000,000 in Federal, state
and local taxes. Experimentation
in the use of nuclear fuel for el
ectric power production is being
carried out with the money of
American savers and investors, by
a number of power companies. 17
nuclear plants are in construction
at a cost of about $700,000,000.
Obviously a vast publicly financ
ed and virtually tax-exempt en
terprise like TVA can produce
electricity, but the message which
one might expect an American
government to send abroad is the
fact that the most significant
American economic progress, in
cluding that in the electric power
industry, has been made by private
corporations and individuals. At
times one is tempted to believe
that many American politicians
have forgotten this fact. On the
other hand, it is difficult to find
much public support for socializ
ed industry. Last November in the
so-called public power states in
the western part of the country—
despite the effort of Democratic
candidates to make public power
an important campaign issue —
Republicans won in most of these
states. It is not insisted that ef-
“85,800,000,000. Give or take a
few hundred million dollars, the
figure above is the total cost of
United States foreign aid pro
grams during the 15 years since
World War II. To those of us ac
customed to dealing with homely
sums like $1.98, it’s hard to im
agine the amount of money rep
resented by those eleven digits.”
“Yet this sum that surpasses
comprehension, we’re told, isn’t
nearly enough; foreign aid must
go on and on, as an obligation
passing from one generation to
the next. If this be so we wonder
what the sum will be, with digits
out like boxcars, 10, 20 and 30
years hence”.
“Maybe some future generation
forts to plug public power ac
count for the defeat of Demo
cratic candidates in these states—
only that the alleged issue did not
generate enough steam to elect
them.”
Pupils To Have
PTA Program
The Silverstreet Parent-Teacher
Association will meet Friday
night, April 21 at 8 o’clock in the
school auditorium.
The teachers and pupils of the
school will have the program.
All patrons are urged to attend.
BY THOMAS COLLIN^
AGE 65 IS A NEW DAY
’ I 'HIS is not to do it. Take to
heart what follows here, and
from it you will see a clue to your
own retirement.
John W. Smith (which is a kind
name to give him) retired last
January 1st. He was upper middle
class and had a family, a neigh
borhood and a salary that were the
same. His retirement income to
taled S380 a month. His savings
totaled $7,800. His life insurance
(paid up) had a face valur of
$12,000.
Mr. Smith had enjoyed belong
ing to things—a couple of civic
clubs, a semi-private golf club and
some fraternal groups. He also
enjoyed helping the Red Cross, the
Community Chest, the Playground
Association and the Society for
Better Storm Sewers.
He decided—and since he al
ways knew best, Mrs. Smith went
along—that in retirement he would
head up two community projects
that were hungry for leadership.
One was a building fund drive by
a school which his church spon
sored; the other was a campaign
by merchants to clear out a honky-
tonk street that bordered the busi
ness section of town, and replace it
with respectable business houses.
He also decided that he and his
wife should sell their big, costly
home (for $18,000), and buy for
$10,000 a toy ranch house five
blocks away which another retired
couple was ready to sell.
Between last January and the
writing of this column, Mr. Smith
has!
—Fallen on his face with the
fund drive, because a retired man
seldom has the clout or the favors-
—DON’T TRY A RERUN
in-return that are usually neces
sary for a successful building fund
drive.
— Resigned in frustration from
the campaign to clear out the
honky-tonk street, because a re
tired man seldom has the political
connections or the access to the
big money that is needed for urbar
renewal.
—Put his little house up for sale
as did the retired man before him
because a home in the same com
munity in which a man has pur
sued his business is not a fit place
to retire if he is still trying to keep
up with the boys.
There are certain fundamentai
laws about retirement at 65. Few
men succeed in breaking them.
Here they are:
1. Retirement is a sort of bap
tism into a new way of life, con
siderably more significant than
the mere laying aside of a job.
2. A man’s satisfactions in the
working days of his life derive, in
the main, from (a) power or influ
ence, and (b) money. The power
or influence ordinarily go with the
job, and go when the job does. The
money, once it supplies the declin
ing wants of a 65-year-old man,
loses its satisfaction unless em
ployed to buy control of some busi
ness or project.
3. Since most men retire without
any new job that will give them
influence or power, and without
enough money to buy it. they must
seek satisfactions different from
those they have spent their life
trying to attain.
For a copy of the new Golden Years
booklet by Thomas Collins, send 35
cents In coin (no stamps) to (name of
newspaper). Box 1672, Grand Central
Station, New York 17, N. Y.
FARMS & FOLKS
By L. C. HAMILTON '
Clemson Extension Specialist
Thank goodness for spring!
Unless the established order of
the seasons goes unexpectedly
haywire, there’s a lot of reasons
why we may look ahead with op
timism. I suppose it’s been that
way from the beginning of time.
If nature follows the usual pat
tern this year, the unfolding leaves
will produce a succession of fruits
for your use in the coming months.
Jonquils and asparagus are among
the earliest. Tobacco, cotton, and
apples will come later in the year.
What brings them forth ?
You might say that warm tem
perature, sunshine, and rainfall
are the “elements” of a season.
Man can’t do much about these
elements. We simply expect na
ture to provide them in the right
proportion and at the correct
time.
Of the tehree elements, water is
perhaps the most variable from
the standpoint of supply. At cer
tain times, a shortage of water
may throw crops and garden
plants into a very critical condi
tion. When it does, we can often
give nature an assist by watering
or irrigating plants. You’ve done
it, I’m sure. But perhaps you’ve
never placed a dollar and cents
value on watering plants.
S. A. Nunnery and T. V. Wil
son, Clemson agricultural engi
neers, studied the dollar and cents
value on irrigation in a compre
hensive 7-year study at Clemson..
Their research involved irrigation
of cotton— a plant we normally
thing of having good drought re
sistance. Their work may give
you a fair idea of the value of wat
ering other plants as well.
Does it pay to irrigate? Their
research indicates a definite yes.
It was worth, in net profits, $28,-
30 an acre on the average for the
seven years.
Before giving this profit esti
mate, the engineers carefully cal
culated all costs. Only the cost
of making the water available was
omitted. This would be so variable
as to be almost meaningless, they
said.
Since the experiment ran over
a seven year period, you can ac
cept their estimate of value as
iairly average for this crop.
Net profits from irrigation
ranged from a low of $11 an acre
in 1956 to a high of $60 in 1954.
Observations further indicated
that irrigation was not needed at
all one year out of the seven;
that the croj would have gotten
by four years and that it would
have suffered severely for two
of the seven years.
The best time to start irrigat
ing cotton, the engineers found,
was on the first day cotton began
to wilt by 10 o’clock on the
morning. The time to stnrt irri
gating varies with crops. Tobacco
for instance, may be damaged by
wilting, and you’d want to start
earlier.
Irfrigation not only increased
cotton yield, it also increased qual
ity—showing that staple lengths
can be increased 1-16 to 3-32 inch
by watering at the correct time.
Home gardeners are usually
more fortunate than farmers in
their ability to supplement rain
fall during critical periods of the
growing season. It’s usually just
a matter of hooking the water
hose to the faucet.
But w r hen the farmer starts ir
rigating crops, it follows a major
management decision and a fairly
high capital investment. Despite
this, many of our experts feel
that such an investment may be,
in many cases, a wise one.
Doctors Wives
Have Convention
The 36th annual convention of
the Woman’s Auxiliary of the
South Carolina Medical Associa
tion will be held in Charleston Ap-
Most of them just catch cold,
according to Orangeburg County
Agent J. C. King. Wet, cold soils
favor the development of seedling
diseases. The little plants, fight
ing to germinate and grow under
such condlitions, just fall prey
to the “bugs” and die.
To remedy the situation, Mr.
King suggests applying more
precise methods to determine ex
actly when to plant. Research has
shown that cotton grows off best
when planted in a soil that is 65
degrees six inches down from the
surface.
“Take the soil temperature at
9 o’clock for three consecutive
mornings—if it’s up to 65 degrees
start planting.”
A thermometer, of all things!
What tools will farmers use
next?
Saluda county 4-Hcr Arthur
Nichols used Clemson’s 5-point
corn program to take top honors
in the county’s 1960 corn contest.
In a nut shell, here’s how he
did it: he planted one of the rec
ommended hybrids; seeded it thick
on land to which he had previously
broadcast 800 pounds of 0-14-14
fertilizer; he applied an additional
250 pounds of 4-12-12 at planting
time; and lated side dressed the
com with 100 pounds of actual
nitrogen; and irrigated twice.
The result? One hundred and
thirty bushels an acre. All of
which reminds us, corn planting
time is here again.
Why do cotton seedlings die?
SENATOR
STROM
RMOND
The Best Defense Is a Good
Offense
THE STATEMENT has been
made that the communists may
succeed in their goal to dominate
and communize the world and
thereby stamp out capitalism and
liberty because of one of many
basic differences between the free
and communist worlds: the com
munists know they are at war
with us, but we aren’t sure there
is such a war. As true as this
statement is, we in the Free
World still have it in our power
to reverse the communist move
ment, which since 1946 has seen
China, Eastern Europe, Indonesia,
Cuba, and half of Korea, Vietnam
and Laos gobbled up by the com
munist conspiracy.
THE FIRST THING we must
do is to realize not only that com
munism is the
direct opposite
of liberty,
good, and God,
but also that
communism is
at war with us
psychological
ly, ideological-
;?:> ^ ly» economical-
ly, politically,
Wm M MMm diplomatically
—on every imaginable front. Too
many believe that we are only at
war when bullets are flying. They
ignore the carefully aimed and
executed political, propaganda,
and diplomatic bullets that have
been sending the Free World reel
ing and reacting to communist
bluff and bluster, deception and
distraction, and propaganda and
pressure tactics and techniques,
particularly in the past 15 years.
IN THEIR BLUFF and bluster
tactics, the Reds have pushed us
as far as possible without provok
ing the devastation power of the
U.S., even in times when we had
not only the monopoly on nuclear
power but also’ the means of de
livery. The only time they over
shot their bounds was when they
misjudged our withdrawal of
troops from Korea in 1950 and
Secretary of State Acheson’s ill-
timed statement that Korea was
not within our defense periphery.
Even then, the Soviets fought us
to a standstill by proxy—that is,
by using North Korean and Chi
nese troops. They bluffed us into
going only so far in Korea for
fear of an all-out war at a time
when we had both the convention- |
al and nuclear means to win that
war.
IN THEIR TACTICS of decep
tion and distraction, the Reds
have succeeded in worming in and
around agreements, legalisms,
and our naivete. They have also
kept world attention away from
areas and matters which would
expose the weakest positions and
points of communism. For in
stance, they have distracted at
tention from their weakest area
of control, Eastern Europe. The
East Berlin, Poznan, and Hun-
garian uprisings proved that they
can control there only by force
and fear and that we can be
bluffed away from aiding these
captive peoples in regaining their
freedom.
THE SCORE ON agreements is
“old hat.” Of 52 major agree
ments since World War II, the
Reds have honored only 2. Yet,
we continue to negotiate at sum
mit conferences and naively ban
our nuclear tests for 30 months
while the Reds continue to make
nuclear progress through sneak
tests, refuse to agree to adequate
inspection systems, and demand
to reserve the right to a veto
over the test-ban agreements—if
we ever get any.
PROPAGANDA-WISE, the
communists have been beating our
pants off in selling to the world
their oppressive, godless, and ma
terialistic system as against our
free system which insures liberty,
| individualism, worship of God,
I and more material prosperity
; than the communist world has
ever known. They have kept the
pressure on us by keeping the
initiative. They have been able to
do this because they have a mas
ter plan, whereas we merely try
to put out the fires they set—yet,
we, the people who set the stage
for world independence, are
charged effectively with being the
imperialists and colonialists, while
the Reds seize more of the world
and continue to suppress their
satellites.
WE HAVE THE POWER and
the salable system, but to reveise
the current trend toward com
munism, we must wake up and
take the initiative. When we seize
the initiative toward extending
liberty and justice throughout the
world, then the Reds will have to
dance to our tunes and their prog
ress will be stopped.
Sincerely,
A look at the map shows soy
bean production in the East and
Middle West. In crop importance,
it ranks Number 2 in several mid
west states—in South Carolina,
Number four, which is greater, in
cidentally, than the ranking in any
other South Atlantic state.
ril 25, 26 and 27.
The convention coincides with
the 113th annual session of the
South Carolina Medical Associa
tion. Mrs. Peter Gazes, Charleston^
is chairman of the auxiliary con
vention.
Mrs. George W. Smith Jr., Co-
umbia, president of the auxiliary^
will preside at the three-day con
vention which will include business
meetings and entertainments.
President-elect, Mrs. John Cutting
will be installed during tfc^ HHEL -
session.
Mrs. Ralph Baker, Newberry, is
chairman of the Civil Defense
Committee for the state auxiliary.
Mrs. Robert Livingston is presi
dent of the local Newberry County
Auxiliary.
Auxiliary members will hear ad
dresses by guest speakers, Mrs.
Kalford Howard, president of the.
Woman’s Auxiliary to the Soutk
ern Medical Auxiliary, and Mrs.
William MacKersie, president of
the Woman's Auxiliary to the Am
erican Medical Association.
Delegates to the convention will
be invited to join a tour of old
homes, a boat trip and harbor trip
—followed by a box supper and
singing by. the Society of the Pres
ervation of Spirituals. A tea, hon-.
©ring past state presidents, will be
given Wednesday afternoon.
Members will join South Caro
lina Medical Association members
for a banquet Thursday night, fi
nal event of the joint conventions.
T TTTTT
WAYNS
POUCHER
a NEW
CONCERT OF
ANALYSIS
B RMMNTD EACH
DAY starting April 10th
1:15 p.m. & 7:00 p.m.
Presented by Joanna Mills
—ON—
WKDK
AMERICANA University Notebook
The University of Chicago
Rockefeller Chapel—University of Chicago
The University of Chicago was founded in 1890 and opened on Oc
tober 1, 1892. Originally established as a Baptist university, it is now
nondenominational, privately supported and coeducational.
Collegiate gothic in architectural style and grouped in quadrangles,
the 110 acre campus (with over 100 buildings) extends for three-fourths
of a mile on both sides of the Midway Plaisance, eight miles south
of downtown Chicago.
The financial support of John D.
Rockefeller, its founder, and the
original educational ideas of first
president William Rainey Harper
combined to chart for the Univer
sity a course of rapid growth and
influence.
The University gained an inter
national reputation as a center of
research, but was also greatly
concerned with the development
of undergraduate education. Har
per gathered a distinguished fac
ulty, including nine presidents of
colleges and universities. He es
tablished junior and senior college
divisions of two years each. In
1941, the program was extended
to provide a four-year liberal edu
cational curricuh m, beginning at
the end of the sophomore year of
high school. Under the plan, year
long integrated courses covering
the broad fields of knowledge were
developed. Students met the re
quirements for the bachelor’s de
gree by passing, either through
comprehensive examinations or
placement tests taken at the be
ginning of their residence, 14 re
quired courses. In 1954 the plan
was modified to relocate under
graduate education primarily at
the end of high school, and to pro
vide approximately half of the re
quirements in specialized fields.
The University of Chicago’s en
dowment is valued at $208 million,
fourth largest among private Uni
versities in the U. S. In 1960 the
total student body exceeded 8,000;
there are about 830 faculty mem
bers. Living in all parts of the
world are some 55,000 alumni.
The university organization in
cludes: the College; four divisions
—the physical, biological and so
cial sciences, and the humanities;
six professional schools—business,
divinity, law, liberal science, med
icine, and social service adminis
tration; the library; the press;
and University College (for study
off-campus at a downtown center
and through correspondence.)
The University of Chicago Press,
the oldest in continuous publica
tion in the country, publishes a
number of learned journals and an
average of 100 books a year.
(Not printed at government expenxe)