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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Oct. 19, 1923)
COMMUNICATIONS Letters to the Emerald from students and faculty members are welcomed, but nust be signed and worded concisely If it is desired, the writer’s name will be kept out of print. It must be understood that the editor reserves the right to reject communications. October 19, 1923. To the Editor: Permit me space for a few words with regard to the controversy over the co operative store. I have been a director of the cooperative store for nearly a year and have attended meetings, heard reports and examined statements cover ing business done by the students’ store. I am a friend of Mr. McClain and have the utmost confidence in his integrity and capacity as manager. It is not, however, in defense of Mr. McClain, but in defense of the cooperative store and the type of organization it represents that I wish to be heard. The faculty has found by experience that a store of this kind is the only type of organization that can supply the Uni versity need for textbooks in a satisfac tory manner. Perhaps it is only natural for a student to think that a textbook is seldom worth what he pays but any book dealer knows that the profits on stock of this kind are insignificant and the only way .to cover the expense of operation is to make some profit on stu dent supplies sold at a reasonable ad vance over cost to the dealer. These miscellaneous supplies are usu ally sold elsewhere and students are not compelled to patronize the Co-op in case prices are found excessive. Some critics of t-he co-operative store complain that prices are as high as the ruling figure elsewhere and that the Co-op is organ ized to save the students money on their purchases. So far as I Itnow, selling at the rul ing price comes near being the universal practice of all successful stores operat ing on the cooperative plan', and certain ly the universal rule in all Kochdale stores, the most successful type of co operation among the working classes. It has been found best to sell at the ruling price and then turn back the ac cumulated savings to cooperating mem bers in the form of dividends. The fact that some students have failed to take out membership and become eligible for dividends is no fault of the management. An intensive campaign has been carried on to make the entire student popula tion members of the organization. Another necessary element in our cost of doing business has been the interest paid to -outside investors in the stock of the Univerity Supply company. Under the Rochdale plan the necessary working capital was supplied by members of the Rochdale society. By this devise interest was paid by the Equitable Pioneers to thrifty members. This means of raising capital was clearly impossible in the case of the University Co-op. The shifting per sonnel of the membership coupled with the lack of funds for investment made it necessary to borrow from outsiders. Interest at seven per cent on the neces sary working capital is a fixed charge against the business. This item is cer-: tainly not excessive, for most authorities on business finance would say that our working capital is meager as compared with the volume of business done. < It is unfortunate that criticism has been based on misconception of the facts, all the more so because the facts are easily obtainable. At the annual meeting last January, a full financial I1 statement was submitted by manager and '■ board and an audit report was finished by a committee of accountants represent ing student membership. It is not customary to render finan cial statements except at stated inter vals but in case there is any widespread demand for information the board will, at its November session, direct the man ager to submit a statement in full. So far as I know there is no motive for con cealing any salient fact with regard to the conduct of business or state of fin ances. Everything should be open and above board and “on the square.” Yours for fair play, JIM GILBERT. CLASS PARTIES EVENTS FOR TOMORROW NIGHT (Continued from page one) the frosh the Woman’s building and they will have their kid party at the Commerce hu~ in the chamber of com merce downtown. Here they will once New AND— A triple-header, all-star Bex Progarm it is! Q fhousmdptfhptotxxhnl into one Show Today pjr.-sjzr; WILLIAM FOX HOOK A LINCOLN J. CARTER Up-to-the-minute Melodrama of Love and Pirates CHARLES JONES -SHIRLEY MASON A breath-taking, heart-thrillmg drama of romance and suspense by the dean of dra matic stage craft. NO ADVANCE IN PRICES REGULAR ADMISSION MATINEE 20c NIGHT 30c And, the cream of the new screen productions will be shown at these standard prices. AL ST. JOHN COMEDY FOOTBALL TODAY Complete score by quarters —reports by special leased wire during' the OREGON WHITMAN GAME Starts about 2:30 P. M. today A Rex special service ROSNER’S MUSIC SEE— A World Beater Picture! HEAR— The Score by Quarters! again renew their youth and will have an opportunity to see Monte Byers dressed as a ’lil girl and get taken to the party by little Kennie Cooper. DEAN SHELDON SPEAKS AT THURSDAY ASSEMBLY! (Continued from page one) and one to whom he was indebted for much ispiration in those days. “When David Starr Jordan became president of the state university in Indiana,” said the speaker, “he made a point of coming in t-ouch with the people. There were few churches and schoolhouses in the state that he did not speak in, regardless always of com- i pensation. In six years he raised a hitherto inconspicuous university to one of importance.” Leland Stanford,! when he dedicated his immense fortune | to the erection of an educational in stitution for the young people of the country, chose David Starr Jordan as its president. As in Indiana, Jordan' continued his speeches and lectures 1 throughout the state of California, re gardless of small fees, poor buildings, thinking only of his cause, that of put ting education on a lower shelf where the people could reach it as a vital and living force. As a teacher, said Dr. Sheldon, Jordan is indispensable. He has made Stanford an institution of significance. Unlike the Stanford of today, Stan ford, when Jordan was appointed, was easy to enter, but he made it hard to stay. “G. Stanley Hall,” said Dr. Sheldon, “was at Clark university a leader and trainer of students, in research. He 1b a man of iron purpose, and always aimed to keep up with six or seven sciences at one time, yet was always accessible to his students, ready to counsel or advise for two, or even three hours at one time, even at his busiest times.” The educational ten dency to “standardize” is what Dr. Hall has devoted every effort to break. Each child, thinks Dr. Hall, should be regarded from the point of view of the artist, as a distinct and separate individual, to be studied accordingly. There has scarcely ever been a teacher’s convention, or a summer school at which Dr. Hall has not been present, with a wealth of illustration and a broad point of view. “His capacity for work,” said the speaker, “is best shown by the fact that he did not write a book until he was fifty four years old. At this age he started to write for publication, and at the age of seventy-seven had published twelve volumes.” At the close of assembly a message from President Campbell was read to the effect that “the Grand Old Man of Oregon” had successfully under gone an operation at nine o’clock yesterday morning, and sent a message of hope and cheer to the Oregon stu dents. DANCE with the STROLLERS SATURDAY NIGHT New Armory I Make Your College Paper Write your “copy” on a Remington Portable. Clean, legible copy will catch the editor. Use the machine also for your everyday work and personal correspondence. You will be surprised how much time and labor it will save. Compact—fits in a case only four inches high. Convenient—you can use it on your lap, if you wish, for it carries its table on its back. Complete—with four-row keyboard, like the big machines, and other ‘big machine” conveniences. Price, complete with case, $60. Easy payment terms if desired Remington Portable U. of 0. Cooperative Store 13th and Kincaid Streets Eugene, Ore. Remington Typewriter Co, Portland, Ore. Copyright Kart Schaffner & Marx TUXEDOS EVEN at the most informal affairs the Tuxedo has come into its own. There’s no excuse for any man or young man to be without one, especially when he can select a suit so good and so moderately priced. $45 Wade Bros. Hart Schaffner & Marx Clothes TNSURANCE is the great A est stabilizer devised by modern civilization. Be Civilized! Protect your life your income your property GEO. 0. GOODALL “The Insurance Man’’ Phone 836-R Cider—Cider in the Keg, or Cider by the Gallon Made from nice, red, juicy apples. It is fine stuff and the only bother is to Call 1480 EUGENE FRUITGROWERS ASSN. ll»!HlllllUIIIIBII!ll«ll!inil!ll New Winter Hats So moderately priced, make you antici pate new headgear with pleasure. Large and small hats cleverly trimmed, some with feathers, which is the season’s vogue, or many self trimmed. The variety of shapes is especially noticeable, as well as the many colors. Small headsize for bobbed hair, as well as the regulation headsize. Eugene Millinery Co. 604 Willamette St. )