Veritas, Vol. 15, No. 14, November 25, 1974

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Volume 15, Number 14
November 25, 1974
Trustees Appointed To Women’s Group
Four women of the Board of Trustees have accepted invitations to become associate members of the UM Women’s Commission, according to Dr. Eveleen Lorton, Commission chairman and associate professor of education.
The new members are Ms. Norma Carlin Kipnis, Mrs. James McKillips, Dr. Marilyn Segal and Mrs. Ellen K. Whiteside.
The 14-member Women’s Commission, established by President Stanford in 1971, acts as an advisory board to the president in matters of concern to all women on the university campus.
The membership of faculty, administrators and students was broadened last year to include associate members in an advisory capacity with the appointment of Mrs. Audrey Finkelstein, distinguished UM alumna and recipient of the UM’s Order of Merit.
Mrs. Finkelstein this year was named an active member to succeed Betti Pate who resigned from the University.
Other members of the Commission for the 1974-75 year are Marjorie Abrams, assistant dean of students; Lynn Bartlett, counselor for resident students, retired; Polly Cook, director, Wesley Foundation; Dr. Carolyn Garwood, chairman, educational psychology; Dr. Evelyn Helmick, associate professor, English; Silvia Huber, assistant director, Affirmative Action Programs; Joan Lombardi, undergraduate student; Nedra McNamara, director, News Bureau; Louise Mills, assistant student personnel dean; Ana Roca, undergraduate student; Dr. Claudia Rogers, assistant professor, anthropology; and a graduate student to be named.
In this issue . . .
December calendar of University activities and events. For reference clip and save.
Top Economists Gather Here
Approximately thirty-five of the nation’s leading legal and economic authorities, including Dr. Milton Friedman of the University of Chicago, will attend the inaugural conference of UM’s new Center for Studies in Law and Economics.
The conference, entitled “The Gold Clause Cases-Forty Years of Abrogation” will be held at the Royal Biscayne Hotel on Key Biscayne on November 25 and 26. In charge of the conference is Dr. Henry G. Manne, distinguished professor of law at the University and director of the new Center.
“The conference will highlight a particularly timely topic, since gold ownership is scheduled to become legal for American citizens on January 1, 1975, though there have been recurrent rumors^ that the Ford Administration will seek to postpone this event,” said Dr. Manne. Dr. Manne further noted that the Gold Clause Cases, which upheld the constitutionality of government abrogation of gold payment provisions “have been largely neglected by legal and economic scholars in spite of their tremendous importance for contemporary economic issues.”
Topics to be discussed include the legal history and constitutional law surrounding the cases, the economics of gold clauses and other price indexing devices, the effects of contract abrogations, the relationship between inflation and gold, and the anticipated impact of the older cases when gold ownership is again legal.
Dr. Friedman, a renowned and influential economist and writer, is perhaps best known as an advocate of wider use of free markets, and a diminished role for government, in economic affairs. He has recently urged widespread use of price
Early Paychecks
The Vice President for Financial Affairs has announced that December paychecks for A02, A06 and A 07 personnel will be ready for distribution on December 13.
Checks for A01 administrative personnel will be ready on December 23, the last working day before the Christmas holidays.
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indexes as a means of combatting inflation.
In addition to the paper by Dr. Friedman, other papers will be presented by Professors James Buchanan and Nicolaus Tideman of Virginia Polytechnic Institute and State University; Harry Johnson of the University of Chicago and until recently of the London School of Economics; Professor Ralph Winter of the Yale Law School; and Professor Gerald Dunne of St. Louis University Law School. Professor Dunne was until recently Vice President and General Counsel of the Federal Reserve Bank of St. Louis.
This conference is being funded by the Liberty Fund, Inc. and represents the first of a series of interdisciplinary conferences that the new Center for Studies in Law and Economics will conduct.
MBA Program Selected to Train Minority Educators
by Sanford Schnier News Bureau
UM is one of four major U.S. universities chosen by The Rockefeller Foundation for its new program of Fellowship Awards leading to a Master’s degree in business administration for experienced minority educators interested in the financial management of public schools and college budgets.
Dr. Edward J. Fox, dean of the School of Business Administration, said, “This is a landmark decision for the School. Applicants from the total southeast will be directed to us, with those from the west going to Stanford University, the midwest to the University of Chicago, and the northeast to Columbia University.
“The appointment reflects recognition of the University of Miami’s interest and competence in minority group programs. The success of our Minority Management Internship Program, a certificate program we have operated for several years, recently led the Rockefeller Foundation to grant an additional $275,000 to cover operations over the next five years.”
Applicants will be minority group members between 30 and 45 years of age; experience in educational administration is preferred although classroom educators may also qualify. Upon completion of the degree, Fellows would be expected to return—as financial managers—to public school systems or predominately black colleges.
Fellows will be chosen on a competitive basis by a panel of experts. First group will begin in January, 1975. Participants will attend the university within their own geographical area.
Trustees to Accelerate Fund Raising
President Stanford has announced that members of the Board of Trustees are planning to review and accelerate their fund raising activities fur this year.
Their concern, Dr. Stanford said, is a result of his annual report to the Trustees which revealed last year’s unexpected deficit of $560,950.
In his report, Dr. Stanford had commented: “Armed with information about this deficit, our friend-raisers and fundraisers, from Trustees through the administration to all our voluntary groups of devoted workers, can testify handily to the need of the University for more donations, particularly unrestricted gifts that may be used to balance the operating budget.”
Since the report was distributed to the Trustees, Dr. Stanford has also informed them about continuing unanticipated sharp increases in such fixed costs as electricity—an estimated additional $295,000 for the current fiscal year.
The Trustees, he said, also reminded him of the necessity to control expenditures and appropriate steps are being taken to exercise sharp control over all expenditures this year.
“I am confident,” he said, “that all my colleagues are convinced with me that the University of Miami must remain financially solvent and, therefore, will cooperate to the fullest. For your cooperation, I express my deepest appreciation.”
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