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 | Board of Visitors minutes November 8, 1940 |  |
A called meeting of the Board was held on this date at 8 o'clock, p.m., in the office of the
President, with the following present: The Rector, R. Gray Williams, Visitors Corbitt, Garnett, Miss
Randolph, Tucker and Lewis C. Williams, and President Newcomb.
Minutes of the previous meeting which had been copied and mailed to the members of the Board,
were approved.
The President made the following announcements:
Enrollment: 2927
| From the Dazian Foundation for Medical Research, on behalf of Dr. Alfred Chanutin, for a period of one year, beginning June 1, 1940 |
$1800.00 |
| From the National Research Council, for the ten-month period September 1, 1940 to June 30, 1941, for study of the interrelations between adrenal and hypophyseal functions and on the effects of cortico-adrenal extracts on isolated organs, under the direction of Dr. S. W. Britton |
$2080.00 |
From James P. Massie and family, a deed covering a tract of land lying between lower Lambeth
Field and Route #29.
Upon the recommendation of the President the following Resignation, Elections and Promotion
were voted:
RESIGNATION:
Dr. Prentis Kinser, effective September 1, 1940.
ELECTIONS:
Commander Laurence E. Kelly, U. S. Navy, Professor of Naval Science and Tactics, without
compensation from the University of Virginia. Tenure to begin September 15, 1940.Lieutenant Commander Edward W. Wunch, U. S. Navy, (retired) Associate Professor of Naval
Science and Tactics, without compensation from the University of Virginia. Tenure to
begin September 15, 1940.Dr. Edmund O. Belsheim, Associate Professor of Law at a salary of $3,750. Tenure to
begin September 15, 1940.Lieutenant Halford A. Knoertzer, U. S. Navy, Assistant Professor of Naval Science and
Tactics, without compensation from the University of Virginia. Tenure to begin September
15, 1950.Dr. Merle Ansberry, Instructor in Public Speaking for the session of 1940-41, at a salary
of $2,400. Tenure to begin September 15, 1940.Mr. Ralph Benson Houlihan, Instructor in Bacteriology for the session of 1940-41, at a
salary of $2500.00. Tenure to begin September 15, 1940.Dr. Charles J. Frankel, Instructor in Orthopedic Surgery for the session of 1940-41, without compensat
from the University of Virginia. Tenure to begin September 1, 1940.Dr. Kenneth Boyd Grim, Instructor in Clinical Pathology for the session of 1940-41, at a
salary of $2400 per annum, to be paid from the Clinical Laboratory Reserve Fund. Tenure to
begin September 15, 1940.Mr. James H. Elder, Instructor in Psychology for the session 1940-41, at a salary of $2000.
Tenure to begin September 15, 1940.Mr. William Frank Butler, Instructor in Economics for the session of 1940-41, at a salary of
$1200. Tenure to begin September 15, 1940.Mr. Richard M. Welling, Instructor in Law for the session of 1940-41, at a salary of $2500.
Tenure to begin September 15, 1940.Chief Yoeman J. R. Willsey, U. S. Fleet Reserve, Chief Gunner's Mate E. Patin, U. S. Navy
(retired), Chief Quartermaster W. W. Thompson, U. S. Fleet Reserve, and Chief Boatswain's Mate
J. L. Krause, U. S. Fleet Reserve, Instructors of Naval Science and Tactics, without compensation
from the University of Virginia. Tenure to begin September 15, 1940.
PROMOTIONS:
Mr. William J. Barron from Assistant Professor to Associate Professor of Law, with an increase
in salary of $3,000 to $3,750 per session, effective September 15, 1940.
CHANGE IN TITLE:
Mr. Fredson Thayer Bowers from Acting Assistant Professor to Assistant Professor, effective
September 15, 1940.
LINDEN KENT PROFESSORSHIP:
The title "Linden Kent Memorial Professorship in English Literature" was conferred upon
Professor Atcheson L. Hench.
APPROPRIATION FOR SCHOOL OF NAVAL SCIENCE AND TACTICS:
RESOLVED, that the sum of $500.00 be and the same is hereby appropriated for expendable
supplies for the School of Naval Science and Tactics. Adopted.
APPROPRIATION FOR FLYING FIELD IMPROVEMENT:
President Newcomb advised the Board that acting under authority granted him at a previous
meeting, he had made application to the Works Progress Administration for a grant of $21,000 for
improving facilities at the University's Airport, including extension and drainage of runways,
removal of hazards, erection of administration building and hangar and performing incidental and
appurtenant work, on condition that the University provide the additional sum of $5,000, making the
total of $26,000 available for said improvements.
The following motion, duly made and seconded, was adopted:
RESOLVED, that the sum of $5,000 be and is hereby appropriated from the unexpended
income of the University's unrestricted endowment to supplement $21,000 to be provided by the
Federal Government acting through the Works Progress Administration. The total sum of $26,000
is to be spent in making improvements to the University of Virginia Airport.
NAVAL RESERVE OFFICERS' TRAINING CORPS UNIT: BOND FOR ESTABLISHING SAME:
The President stated to the meeting that pursuant to a resolution adopted at a meeting of
this Board held on the 26th of July, 1940, he had addressed a letter to the Bureau of Navigation of the
Navy Department, relative to the establishment at the University of Virginia of a Unit of the Naval
Reserve Officers' Training Corps; that under date of October 7, 1940, he had received a letter from
W. B. Woodson, Judge Advocate General of the Navy, transmitting draft of a bond to cover the issue of
supplies, equipment, etc., for the use of such Naval Reserve Officers' Training Unit, and requesting
proper resolution of the Governing Board of the University be adopted authorizing execution and delivery of
said bond, said bond being in the following form-
BOND
WHEREAS, The Rector and Visitors of the University of Virginia, generally known as the"University
of Virginia", a corporation created and existing under the laws of the Commonwealth
of Virginia, and situated at Charlottesville, in the county of Albemarle, Virginia, is an
institution of learning at which one or more units of the Naval Reserve Officers' Training Corps
are established, or about to be established; and,
WHEREAS, THE Secretary of the Navy, by virtue of the authority in him vested by the
Act of Congress entitled "An Act providing for sundry matters affecting the Naval Service, and for ot
purposes," approved March 4, 1925, is about to furnish and will from time to time hereafter furnish,
to siad University of Virginia, for the use of the unit or units of the Naval Reserve Officers'
Training Corps established at said University, or hereafter to be established thereat, such means
of transportation, books, supplies, tentage, equipment, and such other miscellaneous items as the
Secretary of the Navy may deem necessary; and it being desirable in the interests of the United
States, and of the said University of Virginia that the property aforesaid be covered by one bond;
NOW THEREFORE, KNOW ALL MEN BY THESE PRESENTS, that said The Rector and Visitors of
the University of Virginia is hereby held and firmly bound unto the United States of America, in
the just and full sum of Twenty-five Thousand Dollars ($25,000.00), lawful money of the United
States, for which payment, well and truly to be made, it binds itself, its successors and assigns,
firmly by these presents,
THE CONDITION OF THIS OBLIGATION IS SUCH, That if the above-bounden The Rector and
Visitors of the University of Virginia shall take good care of the property covered by this bond and
shall, when required by the Secretary of the Navy, duly return the same in good order to him, or to
such person as he may designate to receive the same, within thirty (30) days from the receipt of
notice so to do, except uniforms, expendable articles, supplies expended in operation, maintenance
and instruction, such property as has been worn out in the service for which it was intended, and/or
property lost or destroyed without negligence of said The Rector and Visitors of the University
of Virginia, or its agents, including students under its jurisdiction, then this obligation to be
void and of no effect; otherwise to be and remain in full force and virtue.
IN WITNESS WHEREOF, the above-bounden The Rector and Visitors of the University of
Virginia has executed this instrument under its seal, this 8th day of November, A. D., 1940, by
its undersigned representative, pursuant to authority of its governing body.
President.
Secretary.
It was, thereupon,
RESOLVED, that J. L. Newcomb, President of The Rector and Visitors of the University of
Virginia, be and is hereby authorized and requested to execute said bond in the name and on behalf
of the said The Rector and Visitors of the University of Virginia, and that E. I. Carruthers, Secretary
of the Rector and Visitors of the University of Virginia, be and is hereby authorized and requested the
affix the corporate seal of said Corporation to said bond, attesting the same, and delivering the said
bond to W. B. Woodson, Judge Advocate General of the United States Navy.
JOINT DEPARTMENT OF HEALTH FOR COUNTY OF ALBEMARLE, CITY OF CHARLOTTESVILLE AND THE UNIVERSITY OF VIRGINIA
AGREEMENT APPROVED AND RECTOR AUTHORIZED TO SIGN:
The President presented a renewal contract for the aforesaid Joint Health Board, effective July 1
1940, which, upon reading, was approved as per the following resolution adopted:
RESOLVED, by the Board of the Rector and Visitors of the University of Virginia, that the
Rector be and he is hereby authorized and directed to sign on behalf of this Board the contract for
the operation of a Joint Department of Health between the County of Albemarle, City of Charlottesvil
and the University of Virginia; and,
RESOLVED, further, that the Secretary be authorized and directed to attest the signature and
affix the seal of the University of Virginia thereto.
RESOLUTION OF THE BOARD OF MANAGERS OF THE ALUMNI ASSOCIATION OF THE UNIVERSITY OF VIRGINIA IN REESTABLISHMENT
OF A DEPARTMENT OF PUBLIC RELATIONS IN CHARGE OF AN ADMINISTRATIVE OFFICER OF THE UNIVERSITY:
Virginius R. Shackelford, President, and J. Malcolm Luck, Secretary of the Alumni Association
presented the following resolution adopted by the Board, of Managers of the Alumni Association October 18, 1940:
"WHEREAS, the Board of Managers at a meeting held on February 11, 1939, adopted the report of
a committee reading in part as follows: `This Committee recommends that a Department of Public Relations
be established at the University in charge of an administrative officer of the University. It is
recommended that a man of very high calibre be secured for this position and that this Department control
and carry on all the relations of the University with the general public, prospective students, alumni
and student body': and,
"Whereas, at the last session of the Virginia Legislature provision was made in the budget of
the University for an office such as above described;
"RESOLVED, that this Board respectfully recommends to the proper authorities that the office for
which provision has been made, be filled and charged with responsibility for public relations and contact
with the Alumni."
The recommendations contained in the resolution were discussed by Mr. Shackelford, Me. Luck, the
President and members of the Board, but no action was taken in the matter.
REPORT ON THE FINANCE COMMITTEE:
Mr. R. Gray Williams, Chairman of the Finance Committee, read a report of the actions taken at a meeting
of the committee, held October 10, 1940, recommending to this Board the purchase of the following common stocks
for the endowment funds of the University;
1000 shares of the common-voting stock of the Inter-Mountain
Telephone Company, at $36.00 per share, (Par $10)72 shares of the common stock of the American Tel. & Tel. Co. at market to even our
holdings up to 700 shares, and 6 shares of stock, either common or preferred, of the
Charlottesville Woolen Mills, at market, to even out holdings up to 20 shares.
The recommendation of the Committee for the purchase of 1000 shares of the common-voting stock
of the Inter-Mountain Telephone Company, at $36. per share, was approved, and the other two recommended
purchases referred back to the Finance Committee with power to act.
SALE AND PURCHASE OF SECURITIES FOR ENDOWMENT FUNDS:
Mr. James H. Scott, Financial Advisor for the Committee, was then called in to make such
recommendations as to sales and purchases of securities as he deemed advisable. He advised the Board
that $60,000 of the Chesapeake-Camp Corporation 1st mtg. 4¼s of 1947 had been called for payment @ 105
about December 1, and suggested the purchase in place thereof of 200 shares of Chesapeake-Camp Corporation
preferred 5% stock at par, and $40,000 Celanese Corp. Deb. 3s of 1955, at approximately 99. He further
recommended the purchase of $10,000 Western Auto. Supply Co. 3¼s of 1955 at 99-1/8; the sale of $180,000
of U. S. Treasury bonds, with short terms to run, held in the Sinking Fund, Consolidated Funds and the
Seward Estate, and the purchase of $200,000 U. S. Treasury bonds with longer maturity dates for the
respective funds; the sale of 2/M Texas Pacific Railway 5s (coupon) of 1977. Also the sale of 3/M Anaconda
Coppers 4½s of 1950, now subject to call at the option of the company at 101, but which are selling on the
market at 104.
Following a general discussion of the foregoing matters, they were referred to the Finance
Committee with power to act.
The meeting then adjourned.
RECTOR.
SECRETARY.
| Board of Visitors minutes November 8, 1940 | |