Evening star., 1932-06-12

viewer of such facts passes from Q
single university to the aggregate of
American institutions that are current
ly classed as of college rank, the book
of numbers multiplies into volumes.
Soul" Cannot Be Itemized.
From such minutiae one can abstract
for a summary only the more obvious
and tangible items. All authorities give
warning that the soul" of college
can never be itemized in any balance
sheet. The following tabulation ad-
mittedly concludes only material items,
such as one might enter for the steel
INDUSTRY or the publishing business.
How does that great American industry,
Higher Education, rate in physical re-
sources. man power. output?
Here are some totals:
Number of plants-colleges
and universities ..... $40
Amount invested in plants,
including grounds. build
ingS, libraries, labora-
tories stadia and other
equipment .........s1,6O 600, ,Ooo, 900
Amount invested in en-
dowment 81. 200 900 900
Annual receipts ,........ $500. 900, 900
Number Of professors and
other officers .......... $4,000
Number of students .... 1000, 900
Number Of graduates go. 1000, 900
Just now the number of students en-
rolled is being depleted by about l60,-
900 through the commencement pro-
cess: and correspondingly the number
of graduates is being increased by the
same process and in the same degree.
How many of these young f1edglingS
have jobs in sight is another matter
Some thousands of them will go into
graduate schools and continue their
education next year as candidates for
the professions-which only means that
the job-seeking ordeal is postponed
Thus, at Princeton, half of this years
outgoing class plan to 60 into profess
sional and graduate schools next Sep
tember, whereas ordinarily only third
Of the class do this.
About 10 per cent of the Princeton
seniors already have jobs, but between
80 and 40 per cent are now seeking
jobs, manv of them with no possibilities
in view. Between and 10 per cent Of
last years crop Of Princetonians still
are unemployed
Recently New York University.
through its employment cfice, made a
canvass of its recent graduates who
had asked for help in finding work
and on Nav 26, 1857 Of these still were
unemployed.
One Fourth Have Jobs Assured.
At Harvard, about one-fourth of this
months graduates have jobs assured; !;
and the same proportion holds for
Massachusetts Institute of Technology
Last years graduates of M. l. T. are
now about IS per cent employed, which
Is believed to be better than the lot
OF the average technical man, since a
survey OF American engineering schools
last Summer showed that about 81 per
cent OF the young engineers were job
seekers.
The dean of the Engineering School
at Columbia announced last year that
any unemployed graduate of the school
who wished to attend classes and keep
in step with technical progress was
welcomed and no fees would be asked; !;
many OF the recent graduates did this
1t is just one of the many ways to
keep from going stale
Certainly. opportunities In the pro-
fessions are fewer this Summer than
last. New York architects have Or
ganlzed a relief fund to help the hun
dreds Of unemployed in their calling
and chemists who have jobs are being
solicited to contribute IS each to the
support of the 300 jobless chemists
known to be in need Meanwhile, addi-
tional thousands of new engineers. new
architects and new chemists are being
added to the professional ranks by the
June commencements.
What is true of these callings applies
also to most of the others. including
the art and profession of business ad-
mlnlstratlcn. which is everywhere in a
low stage of employment.
Scouts Are Non-existant.
Until recently it was the practice of
representatives of certain large corpora
tions to visit the campuses OF leading
universities each spring They were
scouts OF big business, on the lookout for
bright young men in the graduating
classes, anc many youth stepped from
college into business by this Sheltered
route. Few. If any, will do so this June
The scouts are almost 100 per cent
ron-existent now and those that are
still on the pay rolls are doubtless scout
ing for something more necessary than
new employees
1t would seem from one angle that
the universities. like less prosperous in
t1on and underconsumption. Young
men and young women hockei to enroll
this year. many frankly because they
were jobless and had time on their
hands and were anxious to improve it.
But their additional fees did not bal
ance the decreased return from enGow-
ments, and the demand of stuc ents for
scholarship money and for loans was
unprecedented.
More students find it necessary tc
work their way through college and
fewer jobs are available. One-fourth
Of the Harvard enrolment asked for
part-tine employment during the last
year. At Princeton the proportion was
one-third. At New York University
1913 evening students. who needed jobs
students. who had registered for Sum
mer employment. were still on the wait
ing list. Columbia reports that the
rumber Of part time Jobs available fol
students during 1892 was about as
Usual. but the quality of the jobs was
far below par, being mostly temporary
and small nay.
Universities which had to dig into
surplus or into special funds TO make
up last years deficits cannot continue
such practices long. Already President
Butler has warned Columbia that II
faces a deficit Of more than a hal.
million dollars In 1888; he hes sug-
gested that the $4,000 alumni of the
university give $40 year each for the
next three years as an emergency fund
Yale's returns from endowment de-
creased by s327,0Oo this year because OF
dividend reductions and interest de.
faults. The treasurer of Harvard es.
Inmates that the endowment income o1
his university next year will fall shor;
of this years by about $450,000.
Fees Becoming Burdensome.
simultaneously. while large donations
are becoming scarcer and income from
endowment is shrinking, the ability OF
sflldenfs To nav the customary fees a