The New York herald., 1922-06-20
PRINCETON ADOPTS
FACULTY PENSIONS
r.
$4,000 Death Benefits to Be
Paid Also From Special
Fund of $1,0OO,OOO.
ALL MUST QUIT AT SO
Commencement Festivities
Begin With Class Day
Exercises at Cannon.
PRAISED BY DIR. HIBBEN
Alumni Sing Old Songs on
Steps Of Nassau Hall and
Juniors Take Charge.

Special Dispatch to THE NEW YORK HERALD.
PRINCETON, June 19.-Princeton set
a new precedent for collegiate institu-
tons to-day when the board of trus-
tees approved a plan for insurance
and retirement of members Of the fac
ulty at its annual commencement
meeting in Nassau Hall. Provision
was made to establish fund Of
$1,0Q0,000 not later than 1925, which
sum, with interest accumulations. will
be used to carry out the plan.
Provision is made that any member
Of the university teaching staff may
retire at the age of SIS and every MEM
ber must retire at 6s. In special cases,
however. by a vote of the trustees. an
individual may be continued in active
service beyond the retiring age for
periods not exceeding three years from
the time Of the vote.
Every teacher retiring under this
plan will be entitled to receive an an
nual life allowance equal to one-half Of
his salary at his retirement, provided the
obligation Of the university shall be re-
duced by the amount of any Carnegie or
similar allowance to which any such
member may be entitled.
The life insurance plan provides for
the payment of $4,000 on death before
retirement, payable to his widow, chill
dren or other designated person.
The trustees will give special con-
sideration to cases such as (a) a teacher
suffering temporary disability; tb) the
widow of retired teacher and (c) a
teacher retired before the age of sixty
eight for incapacity, inefficiency or other
good cause
Fleming Elected Life Trustee.
NJ. c. Fleming Of the class of 1885.
New York lawyer who is completing his
second term as alumni trustee of TIL.
university. was elected life trustee to
succeed Knox Taylor. who died recently.
Prof. William Libbey of the class of
1877. professor OF physical geography
and master Of ceremonies at academic
functions, and Prof H. S. S. Smith of
the department of civil engineering were
made professors emeritus.
Leave of absence for the second term
of next year was granted to G. w.
Elderkin, associate professor Of the de-
partmert Of art and archaeology. Day
politics, was promoted to an assistant
professorship. Allan c. johnson, assist
ant professor and perceptor In cl classes.
and Donald d. Smith. assistant professor
of chemistry. were advanced to the rank
of associate professors.
Prof. Allan Marquand, director Of the
Museum of Historic Art, turned over to
the university his interests in the
Princeton monographs. series Of books
on art subjects which he has had pub
lished, the profit accruing from the
sale to be devoted to perpetuating the
series.
DR.. John Grier Hibben. president of
the university, opened class day exer-
discs in Alexander Hall in the morning
by presenting the keys of the campus to
William E. Stevenson of Princeton,
president OF the senior council and mas
ter of ceremonies
The class OF 1922 has made an ex-
celent record" said DIR. Hibben. 'Un-
der the leadership of the senior council
great progress has been made toward the
ideal of student self-government which
We all hold"
1T is commonplace to speak of our
responsibility to our class. university
and parents" said Charles DENLY, Jr,
of Washington, d. c., in the class ora
ton. but we have deeper RESPONSE
bility toward those unable to come to
college. Dozens of men work in mines.
farms and factories to support the eco
nomic system which enables us to go to
college, and we must show that we have
been privileged rightly"
One Faith That Is Clear.
There is a faith that still abides."
said Burnham Carter OF Plainfield. ". j.,
ivy orator at the planting OF the class
ivy in front of Nassau Hall at noon.