The Waterbury Democrat., 1931-01-29

the various schools and departments.
 were cut approximately $2O2,112. This reduction, he said did not re-
 duce the heavy annual payments from university income for carrying allowances, and group insurance for the members of Yale's teaching staff.'
 | Referring to the fact that the
 Alumni University Fund association had set this year for itself a quota
 of $128,249, MT Day said:
 "This sum, needed to balance
 Yale's budget for the current year."
 Treasurer Day explained, "can only
 be met by gifts to income of the
 university: and for such gifts Yale
 must lock to the alumni fund. That
 such gifts will be volunteered by the
 graduates before commencement is the more certain, in the opinion
 alike of the directors of the Alumni
 Fund association, and the officers
 of the university, because of the fact ! that the university is cutting down
 expenditures in many directions has nevertheless increased over fifty per
 cent and to total of $128,40O the amount made available by it from it's general income for scholarship and loan funds to help Yale students meet the expenses of their college course.
 q do not need to tell you that in this year of general financial un- settlement and uncertainty the re- quests for assistance from deserving students have been more numerous than ever and that many were who have heretofore been able to go through Yale with little or no scholarship and have this year been forced either to appeal for such help or else to withdraw from college. It has always been a source of pride to Yale and to Yale men that over a third of our students are regis tered each year at the bureau of appointments as having to earn in whole or in part their way through
 Yale. You and I cannot, however, take satisfaction in this thought if, in this year when it is so difficult to find work for even those best qualified to do it, Yale fails in its duty to these men by refusing them the scholarship and loan fund need which they so sorely require. We can all be the prOuder of Yale, and of the Alumni Fund association, be- cause at the suggestion of the asso-
 citation the corporation has, as l have said, materially increased the amount of financial aid the univer- |sity can extend to self-supporting students in the belief that the alumni. once they understand the situation, will safeguard the inter- ests of the university and of it's stu dents by their gifts. Yale's long his- otry furnishes many examples of boys who have had to work their way through college and who have after graduation become the most useful citizens of their communities, the most distinguished alumni of their college generation. Not one of us can make better investment for the future welfare of our country than to help in educating boys who give promise of becoming the best citizens Each one of us this year can feel that every dollar we give to income of the alumni fund has made it possible for Yale to invest a dollar from its general income in
 addition to the amount ble from scholarship funds in keeping in Yale, and in training at Yale, boy who has successfully met the tests required to obtain scholarship aid and who promises to meet as successfully in later life every test with which he will be faced"
 MT Lydgate, who prefaced his re- marks with the statement that "Yale democracy is probably as strong now as it ever has been,' discussed the intellectual and social aspects to this democracy.
 "There is no doubt in my mind" he said, ''that intellectual democracy does exist, that every one has chance to express his own opinion on university affairs, and does so' sometimes with violence. There are few, if any, forces restraining free thinking and free expression. The faculty and administration are not ably liberal and tolerant toward stu dent thought. s.;
 "As regards social democracy. the self-supporting student ranks as the equal of anybody else. He Is nor looked down upon by his classmates,
 he is not denied the social priyi- leges of the college and the Sheffield Scientific scholo. On the contrary the forty per cent of the students at Yale who wholly or partially sup--
 port themselves. represent one or hte most solid. respected. and able elements in the university.
 Farmers of Italy sepnt more than , s1OO0,000 for American tractors last