Daily if Trojan
University of Southern California
Vol. LXVII, No. 24
Los Angeles, California
Thursday, October 17, 1974
GRAD STUDENT BUDGET
Fund cut linked to fee issue
BY JOHN DIDIOX
Editorial Director
A student government official has been accused of leading a drive to vote down funds for graduate students because their representatives have supported implementation of a voluntary student fee.
The official. James Lamb, the Student Caucus' official liaison to the Programming Board told a member of the Graduate Students Organization (GSO) that the budget request had been tabled by the board because graduate students were working against mandatory fees.
During a board hearing last week. Lamb told Angela Masson, vice-president of the graduate organization, that there wore rumors of a united effort in the organization to abolish mandatory fees.
Lamb stated that the organization’s budget had been tabled while these rumors were investigated. The decision to table was first made durinu a Programming Board meeting during the summer.
La mb's comments were not recorded by a Daily Trojan
reporter at the time he made them. However, he did restate his position during a phone interview this week.
“We tabled their budget because we received fairly authoritative reports from people in the GSO that there was a well organized campaign on the part of the GSO to defeat the mandatory fee.'* he said.
“We later learned that there was no basis in fact to these reports. But I was hesitant to give funds to any organization that was trying to do away with the fee.
“It all depends on whether you feel that those who work for the programming fee have a better claim to funds than those who work against it. I happen to feel that they do.”
Members of the graduate organization have expressed dismay at how Lamb could have gotten the impression that they were workingagainst mandatory fees.
However. Masson had questioned two graduate students on the caucus this week concerning their feelings on the abolition of the mandatory fee.
The two members. Jill Aesch-bacher and Charles Benjamin, both claim to have recently discussed their positions with Masson.
“Someone told Angela that Chuck and I were against mandatory fees,” Aeschbacher told the Daily Trojan. “We weren’t against it: we just didn’t want to go against the results ofthe election.” she said.
Aeschbacher was speaking of the referendum last spring, in which students voted to abolish
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Lottery system implemented for ticket exchange
BY AL FLORES
Editor
A new football ticket system involving a lottery for reserved seats will be put into effect next week.
The system is designed to eliminate the long lines that have characterized the procedures used in the past for obtaininggood seats forthe games. It replaces the game-by-game reserved seating used in the USC-Iowa game.
The new system is as follows: on Monday and Tuesday students wishing reserved seats for the USC-Oregon State game on Oct. 26 may turn in their'coupons in envelopes available at the Ticket Office, Student Union 200. A limit of eight coupons per envelope has been set.
The number of one ofthe coupons must be written on the top line of the envelope (for pickup identification purposes) and the other numbers of the tickets must be‘listed on the back.
On Wednesday, all envelopes will be shuffled and filled on a completely random basis. No limit will be placed on the number of seats distributed for the reserved seat section.
On Thursday and Friday the tickets may be picked up. If the coupon number used for identification is between one and 6.000 the pickup will be at the Information Center.
“Everyone who turns in a coupon will receive a reserved seat,” said Jim Dennis, assistant athletic director, and the proposer ofthe plan. “Let me stress that there’s no advantage to standing in line for this, the tickets will be filled randomly.”
The actual decision on implementing the new system came from James R. Appleton, vice president for student affairs. It came after a Thursday vote of the Game Planning Committee on the lottery issue ended in a tie. The result of that vote was going to be recommended to Appleton.
“This exchange system will use as many reserved seats as necessary.’’ said Appleton. “If 5,000 students return coupons then there will be 5.000 reserved seats, and so on. The rest of the space will be unreserved as in the scramble system.”
Appleton said that for next week the new system will be used on a trial basis, and could be changed if it proves to be unsuccessful, but will continue if it is successful.
“We switched to a game-by-game reserve system this year because the situation we had last year was horrendous,” he said. “People would get to the Coliseum gates at 9 a.m. for an afternoon game, and it was just too dangerous when the gates opened. But game-by-game reserved seats didn’t work either and we’re goingto try things until we get something that does work.”
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Plans for institution of a new sorority started by Panhellenic
Plans to bring a new sorority to the Row are underway, by the Panhellenic organization, although it is not an attempt to alleviate the school's housing problem.
Marian Mapes, collegiate Panhellenic president, said that there are three areas Panhel-
35% increase in income from university investments reported
BY LARKY TUCK
Stall Writer
I’m versif y income from endowment and other investments forthe 1973 74 fiscal year was up 35'» from the previous year, despilt* thr depressed national economy These figures are presented in the university's 1973 74 financial report.
These funds, however, accounted for only V, of the university's total $133 million income. More than ten times as much is provided by tuition and fees
Colin MacLeod, director ol fi-
nancial services, explained Tuesday that fluctuations in market prices of stocks and bonds have little effect on income from those securities. The income conies from dividends and interest, which are fairly constant.
He attributed most of the increase in revenue to improvements in the handling of shortterm or temporary investments.
The objective here is to keep all funds earning interest as much of the time as possible. In other words, as soon as funds are received they are placed in
banks or otherwise invested until they are needed, so that they can earn as much interest as possible.
This process alone increased income by $1 million last year.
Endowment funds are funds which donors or the university have stipulated must be invested, and only the income from that investment may be spent; the principal may not be used for other purposes.
The university’s endowment is about $62 million. A little more than half of this is invested in
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lenic must first investigate before a new house can be brought to the Row—the houses that were once on the Row but left, amount of alumni for a new house, and the national strength of any house considered.
The idea of a new sorority coming to the university was first considered a couple of years ago. but Panhellenic does not feel that the new sorority must necessarily be housed on the Row.
In fact. Panhellenic sees no reason why a new sorority must even have a physical structure, Mapes said.
With 601 girls going through rush this year, houses did have a pledge class membership above their quota, while many girls were still left without housing.
Mapes said that the reason so many houses accepted girls as pledges, without being able to house them, is that Panhellenic would rather see the girls within the Greek system than out of it. of it.
To solve their housing problem. many sororities rented apartments for their pledges who were without n'.*usine
The houses require that a town girl fee be paid each month for girls living out of the house, which covers initiation fees and pledge fees.
For girls that were unable to live in the house and must live in an apartment, the sororities have lowered these town girl
fees.
To be able to house the number of new girls the sororities are admitting, the houses are going to have to reevaluate their senior housing policies, Mapes said.
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DT won t be printed on Friday
There will be no Daily Trojan Friday.
Due to the production schedule the Daily Trojan will resume regular publication Tuesday, Oct. 22.
SoCal magazine will appear Monday.
TIED UP—Gary Cervantes (second from right) mans a tie sale table near Tommy Trojan in an attempt to raise money for his pledge class at Phi Kappa Tau fraternity. Cervantes, pledge president, got help from John Bar-
rett, hidden behind a tie rack. The ties are designed by Cervantes' father, who owns a tie business on Main Street. DT photo by Mike Ito.