Daily
Trojan
Volume LXVIII, No. 25
University of Southern California
Los Angeles, California
Tuesday, October 21, 1975
Interim fee board proposed after first nominees rejected
TRYING TO GET HIGH—It seemed that the only way to escape the homecoming crowds was to try to soar above fhe throngs of alums, students and guests. The class of 1950 held its 25th reunion in Alumni Park Saturday. DT photo by Mike Ito.
By Sherie Stark
staff writer
A proposal for an interim Campus Activities Allocations Board has been drawn up after charges of minority underrepresentation resulted in the rejection by the Student Senate of nine nominees to the board.
The nominees were rejected by a 11-7 vote Thursday after nearly three hours of heated discussion between minority students and members of the allocations board selection committee and Student Senate.
Glenn Sonnenberg, co-chairman of the selection committee, said that the compromise calls for the committee to be altered to include minority representatives.
The revised committee would then choose five of the nine nominees to act as an interim board for emergency allocations until the other four spaces can be filled.
Applications would be reopened for those four positions, with minority group interests one of the considerations in the selections.
David Blackmar, senate chairman, said that the large number of students present opposed to approving the nominees affected the Senate’s decision.
Of about 70 persons present,
he estimated that 20 were senators, a few were nominees and their supporters, and the rest were members of the Associated Black Students and MECHA, a Chicano organization.
Students from the two minority organizations voiced their dissatisfaction at the meeting, saying that minority underrep
resentation on the board stemmed from the lack of minority students on the selection committee reviewing the applicants.
“We’re not saying that they were conciously unreceptive to minority students, but the fact that the committee did not include minority members made (continued on page 3)
Hubbard says university bond offering attractive to investors
By Dorothy Reinhold
skiff writer
A total of $18.75 million in tax-exempt bonds to be offered by the university in bidding today offers an attractive package to investors, President John R. Hubbard said Friday.
Addressing the first regular meeting of the President’s Advisory Council of the semester, Hubbard noted the bonds have been given an AA rating by two investment rating services.
“AA is an exceedingly good rating, and I anticipate that many bonds will be purchased by people with a distinct interest in the university,” Hubbard said.
“With this rating we are in a league with Stanford and Yale and the Ivy League schools. I think the bonds will be snapped up immediately.
“I anticipate receiving many of the bonds back as gifts, thus reducing the interest payment.”
The bonds, the first of their kind to be issued by USC under the California Educational Facilities Authority, will finance the construction of parking structures and the acquisition or building of additional student housing.
Since all the facilities that will be constructed are revenue-producing, the bonds can be retired in 25 years, he said.
Colin MacLeod, director of financial services, said the AA bond rating reflected the university’s balance of assets and liabilities.
The university has $343 million in assets and owes $39 million, for a net worth of $304 million, he said.
MacLeod said the university is in a fairly stable position now,
but he said he could foresee problems in the future if the endowment is not increased considerably and if double-digit inflation continues.
The university’s endowment funds are small compared to other private universities, but (continued on page 3)
Mainland Chinese scientists to visit
While Henry Kissinger is busy furthering U.S. diplomatic ties with the People’s Republic of China, the university will play a part in promoting academic relations between the two countries.
Seven prominent Chinese scientists will tour the university’s geology and petroleum engineering facilities today as part of a month-long U.S. visit.
The group, part of a 14-member delegation representing China’s Scientific and Technical Association, requested to visit the university during its two-day stay in Los Angeles.
Another group from the Chinese delegation will be in Pasadena today to tour Caltech’s physics, astronomy and aerodynamics laboratories.
The group visiting USC is specifically concerned with oceanology, marine biology and submarine geology; environmental research, chemical analysis and pollution control; and petroleum geotonics, sedimentology, reservoir engineering and oil production engineering.
A letter from the Chinese group to the U.S. Committee on Scholarly Communication with the People’s Republic of China, which is sponsoring the delegation’s American tour, sa;d the Chinese “would like to exchange ideas and views on future academic intercourse as well as to make presentations for their American colleagues...
“We hope their visit will contribute to the future development of the scientific exchange between Chinese and American scholars and to the continuous enhancement of the friendship between the peoples of our two countries.”
After a morning tea hosted by President John R. Hubbard, the seven scientists will split into groups to tour the university’s environmental and sedimentation laboratories, the reservoir engineering and oil recovery research facilities, the seismic laboratory and petroleum engineering facilities.
One of the visiting scientists, Liu Ching-yi, a council member ofthe Chinese Chemical Society, will direct a seminar on Chinese environmental protection work at 11 a.m. in Olin Auditorium.
A lunch honoring the scientists will be held at Town and Gown Foyer at 12:30 p.m. Zohrab A. Kaprielian, executive vice-president, will be the principal speaker on behalf of the university. Representatives of several academic units are scheduled to attend.
Coupons for UCLA game are due today
Today is the deadline for turning in coupons to receive tickets to the USC-UCLA football game.
Coupons must be turned in to the Ticket Office, Student Union 200, by 4:30 p.m.Tick-ets will be available for pickup on Nov. 10.
Ticket stubs numbered 5,000 and under may be picked up in the Ticket Office. All others may be picked up at the Information Center.
SO THAT'S A CREEPING CHARLIE?—The Student Activities Center is filled this week with assorted greenery for the plant sale sponsored by the Student
Union Board. Pictured here is Mauro Lara showing Carole Szymecko one of the many varieties. DT photo by Jan Perry.