University of Virginia Library

Corroborate Williams

The committee's findings corroborate the
contention of John "Billy" Williams, president
of Anderson Brothers and University
Bookstores. In the Virginia Law Weekly of
November 13, 1970, Mr. Williams stated that
student co-operatives "require a minimum of
$300,000 capital and 25,000 students to be a
success. There's no market for one here."

According to the committee chairman, the
proposed adjunct to the Newcomb Hall
Bookstore would offer a discount of about 10
percent and would give an additional savings to
student by not charges a sales tax. It would
operate only one month a semester and would
sell hardback books.

Vice President of Student Affairs, D. Alan
Williams, revealed in a memorandum dated
November 9 that the Newcomb Hall Bookstore
has been restricted in its sale of hardback books
by an"unwritten practice."

Mr. Parker noted that the gross margin on
hardback books is only 20 percent at most.
"The effect of this is that they make very little if
any money on hardbacks," he said.