The Mason City Globe-Gazette from Mason City, Iowa on March 30, 1931 · Page 10
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March 30, 1931

The Mason City Globe-Gazette from Mason City, Iowa · Page 10

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Mason City, Iowa
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Monday, March 30, 1931
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Page 10
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10 MASON CITY ^LOBE-GAZETTE .iccon 3 Boyd Outlines History of Hospital Gift Fund; No Apologies, He Says ShoWs How Rockefeller Castu Was Stretched $160,000 by "Good Business." EDITOR'S NOTE--In the minds of a ereat many lowans, tlio present investigation of the University of Iowa would be accepted as inconsequential bickering over trivial matters wer,e it not for the charge ~that the state had been beaten bat of §28,500 In Interest, claimed to be due on a flnctnatinE balance of Rockefeller foundation gift money In an Iowa City bank. It is for purposes of ..presenting the state board of education explanation of this transaction, _ns well as giving a picture of the wh61e situation which led up to the acquiring by Iowa of one of the nation's outstanding hospitals and colleges ot medicine at half-of Its true cost, that this statement by W. R. Boyd of Cedar Kapids, chairman of the board's finance committee. Is betas reprodnced to full herewith, Mr. Boyd read this statement be' fore the legislative invesH E atiij£r committee last weeE but so tir an we knbw It has not been printed in full by any Iowa newspaper. Per- simrvpho bave been disposed, to criticize the state board of education oivHie Diversity administration for theUr course in this matter will finS Jtr. Boyd's story of special Interest. By W. B. BOYD ·THE ·treatment of the Rockefeller 1 fund: is 'another thing which needs an. historical background to ^rSe^ar* of education to* over thesa institutions in 1909, an - 4i I a ^ ov exhaustive study of me d'cal educa- tionta the United States and Canada, compiled by Abraham inex nerv had just been put out under TMS auspices of the:. Carnegie foun- f datloh I6r the -advancement of l Short of l Shor o n-olB 4 As 8, result, many medical schools was "practitioner's say, the clinical that members of _. the say, the ciinicai misui^" -- -- faculty gave the major portion of tne* tirSeto private practice out- L s ?de the hospital; (3) because the I dean of the college was B. non-resi- I dent of Iowa City and gave but one 5ay a week to Reaching in the col leee- W because the head of the {· department of surgery was likewise i e. non-resident.and spent but two days a week in Iowa City; (5) case 3 records save to the department^ eye, ear, nose and throat, ..were no . Issu The medical faculty; for the mos part; tnot. these criticisms^- unfair They ' said the · examiner .bad no spent sufficient .^inS-Jn. W8.;«ani ' - esources sufficient to meat tliese increasing: needs. Rockefeller Gift Explained. One morning I noticed in the Chi- ^igo Tribune a brief news dispatch which said that John D. Rockefeller lad given to the General Education Board $20,000,000 to tie used for the lenefit of medical education thru- ut the United States and Canada. J picked up the 'phone, called Presi- lent Jessup, read to him the dis- latch, and said: "Don't you think we ought to have some of this money?" He answered in the af- irmative, and it was not very long until he and I were in the office of he secretary of the general education hoard in New York. The secre- :ary was Doctor Flexner, who had 3een very helpful in the reorganization of the college of medicine and had shown great interest in its development. President Jessup outlined the purpose of bur visit. Doctor Flexner's response,,in effect, was as follows: "We are interested. You have made wonderful progress in your college of medicine in the last 10 years. We are not at all interested in 'lame ducks'--only in those who have shown a disposition and the ability to help themselves. We'll come out and look you over. You at least have a chance, since Mr. Rockefeller wishes the money to" he distributed to deserving institutions thruout the country." - From Both U. S. and Europe. The promised visit was made and several other delegations of distinguished medical men from both the TInitei States and Europe were sent to visit the Iowa colfege of medicine by the general education board.:President Jessup and I made not a:few trips to New Tprk to talk things.over so that interest in_ the and find out what it will cost to construct a complete, new medical uniti taking in the children's hospital and the psychopathic hospital. Then come back and see us. Called for $4,500,000 Meantime the Rockefeller foundation directors had also become interested in the project and they thot they might enlist the interest of the Carnegie corporation of-New- York. The plans as made up and finally presented called for a total expenditure of ?4,500,000. When this information had been given, President Jessup was asked: "If we get you half that sum, will the state provide the other half over a period of five President Jessup replied that he did not know, but that he would send night letters to some of the leaders of the general assembly and see how they felt about it. The consensus · thus sought waa that tho state would do its part The officials of these foundations then said they would present the matter to their trustees. Waa Conditional Gift. ' Finally the two Rockefeller foundations each voted one-sixth of one- half of the $4,500,000 contingent upon the state voting 52,225,000. This was done with the thot in mind that the Carnegie Corporation oi New York would do likewise. The trustees of the latter organization failed to act, whereupon the two Rockefeller foundations voted one- fourth each of the 54,600,000 contingent upon the state voting an equal amount. The matter was presented to the fortieth general aasetn- bly.Uhoroly discussed and the money voted. there was any .possibility of a "buffer fund." I wrote a letter to tha building and business committe* stressing the fact that I had but one thing to ask, namely, that the sum total' be not exceeded. I did have something to do with getting this Rockefeller money, but I knew that I knew nothing about construction, and asked that I be permitted to step out of the picture, insisting upon just one thing--that the budget be not exceeded. Having determined that this trust fund be invested- in government bonds, I went with Mr. McChesney to see John Blair, whom I knew, to talk the matter over with him. Mr. Blair was deputy governor of the Federal Reserve bank of Chicago. As I remember the conversation, Mr. Blair stated that they did not make a practice o£ doing such things, but since it was the university, they would undertake it and it would cost us nothing, either for brokerage or for safe keeping. Had to Deal Thru Bank. He then turned to me and said: "No, we can't do this for the university directly. We must deal thru a member bank, but we will receipt for the bonds held for safjj-keeping with the words 'For the use and benefit of the State University of Iowa' and that will .tie them up." This, then, was the plan followed. The matter was left in the hands of Mr. McChesney. The one thing impressed upon him waa that this was a sacred trust and that he must, above all things, safeguard the principal. The matter was often At Mason City's THEATERS jcea. Now, we know that when these foundations made gifts such as this, they usually paid the money out as the work progressed. It occurred to us that if we could get them to pay It to us annually, we could -eara some money on it; which could be legally used either to take care of any deficit which might develop or (and this waa our chief object) obtain a nucleus for a fund to establish and" endow a chair of research in the department of medicine. After some discussion, the foundations agreed to do this. Three Methods Considered. The question then arose what to do with the money to earn interest and absolutely procure the principal. Three methods were discussed between the board members, the president and the members of the fl- nanco committee: (1) To leave it with the treasurer at 2% per cent on daily balances. Mr. McChesney said that neither he nor the bank wished to do this, and we all .felt it was too large a sum to be placed in any ono bank. (2) We then discussed placing it in various banks on certificates of deposit, but the bank situation was not good in Iowa at that time and certificates of deposit are not liquid without loss of interest under six months. (3) Finally, it was the consensus p . talked over, reported upon, and it was set forth In the board's biennial report that this was a special fund. The director of the budget knew about It. There was no secrecy. The objects stated above were the only objects in view. That anyone would question our action never entered my mind. We all', thot we had done something for which we should be commended. Wanted His Records Clear. When the transaction came to be closed up, Mr. Cobb, the auditor, evidently thot that to clear the record lest someone think interest waa due on daily balances in 'this trust fund as on other funds, a letter should be written, which letter you have heard read. It wag, in my opinion, a natural thing for'the auditor to do, but it did-not state the facts as to .the transaction. As I remember it, the board was about to adjourn when this letter was read, and Mr. Cobb's request to waive the interest was complied with without discussion. The subse- One of the very few screen actresses who can laugh and talk simultaneously, is Claudette Colbert. The compliment is paid her by sound technicians who recorded on the new noiseless equipment at Parmounts New York studio, "Honor Among Lovers," in which she is featured with Fredrlc March and which opens Tuesday at the Palace theater. This accomplishment, which distinguishes Miss Colbert from a great majority of actresses, is a difficult trick, according to C. A. Tuthill, monitor man in the new offering. It is an accomplishment bordering on a gift, claims Tuthill, to chuckle, as Claud- ete does, at ; the same time you speak your lines. And tt adds a spontaneous quality that continues uninterrupted because.of what might be called the synchronization of Miss Colbert's voice and mind. "Miss Colbert laughs the lines whereas another actress would put the laugh or chuckle before or .after the words,' Tuthill. said. Buster Keaton of the frozen countenance cavorts .thru a comedy of errors in which too many, sweethearts, a jealous husband with a gun, a policeman and a balky auto figure In a riproaring series of trials and tribulations. It all happens In "Parlor, Bedroom and Bath," his new Metro-Goldwyn-Mayer comedy which will continue thru Tuesday at the Cecil theater. Adapted from the stage play, one of the reigning comedy hits of Broadway, the new picture has Buster in the role of a young man who is'"touted" as a gay Lothario to such an extent that he Is in trouble--mostly woman trouble--practically all the time. He gets suspected by his sweetheart, Is caught in a compromising position with a married woman by her jealous husband--who has a gun--dis r rupts a fashionable hotel, wrecks a car and almost himself and otherwise stays in hot water to the infinite relish of the audience. "Body and Soul," opening Tuesday at the Strand, will serve to introduce 'Elissa Landi,. beautiful European star to the American screen public. That she will succeet there can be no doubt, because o: her already established reputation on the European" screen and Broad way stage. Perhaps no actress from abroad has ever come to this coun try acclaimed in the flattering terms that accompanied Miss Lan di. New York critics, too; have added their united endorsement of this beautiful and talented girl for her performance in the Broadway production, "A Farewell To Arms." Charles Darn ton in the New York Evening World said of her: "An English actress, Elissa Land), achieved a beautiful, courageous and truly moving performance." Robert Coieman stated in the Daily Mirror: "Elissa Landi, . an English importation;, made a most auspicious debut. She has beauty, poise, polish. , A cast leading like a "Who's Who" of Hollywood comics packs aughs into Radio Pictures' "iLeatn- necking," which plays at the Iowa .heater Tuesday and Wednesday. Doing- their stuff in the big marine show are five star clowns-^-Ken Murray, vaudeville headliner, the dole-panned Ned Sparks, Louise Fazenda, Benny Rubin, a screen newcomer, pairs with Lilyan Tashman in providing romantic interest. Rita La Roy, Fred Santley, the Tiller girls, and two hundred picked. Hoi lywood beauties round out the im pressive cast. Adapted from the stage hit, "Present Arms," the film tells a zippy yarn,of U. S. leath- necks on spree in a south sea port For thrills there's a shipwreck, and for laughs there's just about every thing- that can be crowded into one show. - ' )ibble Is'Speaker at Chapin Church Services CHAPIN, March 30.--The Rev." William p. Dibble, pastor of this Congregational church , at Mason City, will give a series of addresses here at the Congregational church, each evening during the week startf- ing tonight at 8 o'clock. Thera wilj be special music and other featurej "Mr. iemon of Orange," closes Monday evening at the Palace theater. The Strand Is showing "D-ssert Vengeance" for the last time Monday night. · KELLEY'SHARP ORCHESTRA OF OSAGB ; .'/' Will Play tor the AMERICAN LEGION OLDTIME DAECE Saturday Night, April 4 AT THE ARMORY Admission Always 23o New ventilating system now In operation. AT STRAND FIRST CHURCH Announces a SCIENTIST , Free Lecture on Christian Science By JUDGE FREDERICK C. HILL, C. S. of CIJNTON, IUJNOIS $ TUESDAY EVENING, MARCH 31, 1931 IN CHURCH EDIFICE ^PUBIJC IS COKDIAIAY i ^^t^^S^!^^^^W^^f'^^^° ! ^ to lact.-·:«»'..._., OJE ^ustees o£ Coe: York and "President; Jessup our number "knew I asked: .'"What do you want us to the : Carhegle do?" President Jessup suggested a He wrote to new laboratory building-, fully W1T.11 W-ll.J-i.'-'i-ii. vju^vt.""-. -- -- - --- -- . quent action of the board makes the matter clearer and was, in my opinion, justified by the facts In the It always seems to me. that it must be clear to anyone that if the First National Bank must be obli- was * n ,,nrlaHnri TlprSOnaUV. *le WlUte I." msvv i»u ufc ««w^j «« 0 , .7 p^ident PTitchett telling him ^of e^PPed- The answer, in effect, Was the « HUc *TM!£ £a med£arfaculty". ""'^We are not interested in doing nt Pritchett made answer this thing half way. Your laboratory did not^lsh the complaint facilities are inadequate. So is .your ,tv £demSt to go un- hospital. It has considerable space, "£ ,r-^J indoSt h w o u l d ask but it has been built piecemeal, and ^^Mexier % mate second a portion of it is a fire trap. You D °£tn ^^rit^ amVtoat ia addi- have the nuceleua for an 1 up-to- S£ ^rulSd^pe^ndent ^*^^^TM«TM^ Igator. Both of these things 1. Doctor Flexner stood pat on the independent investigator, -concurred with Doctor Flexner in every particular. The board of education thereupon concluded that something must be donfe. There waa serious thot given to tiie abandonment of the College of Medicine so far as clinical in- structiok-was concerned;-that is to say give instruction only in anatomy, physiology, histology, biology, materia 1 medica, chemistry, etc., and'"let medical students go .elsewhere to complete their, course. ' taid'Before General Assembly. After much discussion, It was cided to try to hold on until toe whole matter could be presented to the general assembly. Many able men had made sacrifices for this college, and, as ; medical education had been carried on, had done well, but it was recognized that we had entered upon a "new era and that things could not go on as they had been. The other departments of the university were requested to "mark time," so to'speak, so as to give the college of medicine money which would otherwise have'been differently allocated.-In the finest kind'of spirit these other departments cooperated in this. If your committee has time, you would'find much of interest touching this matter in the first biennial report made by the board of education. The situation was clearly stated and a sum of money sufficient to carry on was requested. The general assembly gave the board every cent it asked for. Progress Was Rapid. Thing's began to move rapidly after that. A new wing--fireproof-was built to the old hospital. Later, another. The Perkins law providing for bospitalization and medical and surgical care of children under 16, whose parents or guardians could not provide such care, "at state expense," was passed. Later, by means of the Haskell-KIaus law, the provisions of the Perkins iaw was made available for indigent adults . T h e Children's Hospital was built. The Psychopathic hospital was established. A nurses' borne was provided. . Meantime medical schools everywhere raised their standards and many limited the 'number of freshmen who would be received. The University college of medicine bad attafned a place In the educational n o u p hospital on the west side of the 1- Go back home, consult with faculty and your architects ~ - to invest this trust "fund f (and 'we' considered it a sacred trust slnco the officers of the foundation had told us that it was made because ot their 'faith in us), in government bonds, and the board instructed the finance committee to do this thru the First National bank of Iowa City. , No Secrecy--No Connivance. There was no secrecy--no connivance. It was discussed by .members of the hoard individually and In board meeting's time and time again. It was not proclaimed from the housetops. In fact, because there is always a disposition to ask without limit when it comes to construction, we didn't care to have it known that special icuai.. J.UHV,, -- -----might the day ; that it was entitled to gated to pay special trust tt per cent on this fund, it follows as LAST TIME ' MONDAY Greta. RBO riyjciE^-A GUt of Dresserware to every lady attending Monday Matinee or Evening Shows TUESDAY AJJP WEDNESDAY is on ver'cne iuuu vm^ui j---. -; w on all. other balances, in which case the state should owe the bank, riot' the bank the state. Appearing with Charles Farrell, pictured above, in "Body »nd Soul," the attracton which starts at the Strand Tuesday, is Elissa Landl, newly discovered screen star and noted English actress, Ellssu. landl was born In Venice, Italy. She speaks English, French, -Ggrmaa--nng -Ital^fe^Baeaay-^aaa. Is the author'of two novels. Now Playing THRU TUESDAY The Laugh Carnival A s c o r e of lovelorn maidens -waiting to be wooed -- a n d Buster didn't know the first lesson in the book of romance! Starts Wednesday I.awrence Tlbbett, Esther Bali * - - · -- · Cliff Edv Mrs. Pochard Again in Garner After Tour] GARNER, March 30.--Mrs. W. S. Pritchard returned Saturday after an extensive speaking tour thru eastern states. Mrs. Pritchard made her closing address at Wichita, Kan. ] Mrs. Pritchard is chairman of the ; 'American family division of the NB.- tional Life ·Underwriters. Mrs | Pritchard's next trip will be in the western states. Again the Strand Scores! This Time Heavily * i STRAND DIRECTION A. H. BLANK Starts Tuesday- Ends Friday REGULAR PRICES--COMB EARW ALACE LAST TIMES MONDAY DURING OUR It Is GREATER SHOW SEASON A SENSATIONAL GROUP OF THE FINEST PICTURES WE HAVE EVER PRESENTED . . . WATCH FOR THEM Charlie Chaplin --in-"City Lights" Will Rogers --in-"A Connecticut Yankee" Marlene Deitrich --in-"Dishonored" Douglas Fairbanks, Sr. --in-"Reaching For the Moon" . Nancy Carroll --in-"Stolen Heaven" 1^5 $ /·« ^» ?o** She Fell in Love With Her Rich Bachelor Boss And Many Others Equally As Good STARTING TUESDAY Number Four on Our Greater Show Season FREDRIC CLflUDETFE MflRCH COLBERT WHAT A FIGHTER HE WAS! WHAT AN ENCHANTRESS WAS SHE! She taught him how to love, he inspired her to fight *- fof their honor, their lives, their happiness. V ,' CHARLES FARRELL ELISSA LAND I HUMPHREY BOGART ^^^ ^3 MYRNA LOY ^?^^ in this daring, vibrant love drama, directed by Alfred Sacttel! From fh« pfay fey -Elliott White Springs and A- £. Thomas ^^^ ft'VQ 1 ^ ~ « v .-..- PICTURE IN "Tfl[CNOi With CHABWES BUGOLES and GINGER ROGERS ouacmy aiccrnoon.'

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