Last week Massachusetts Institute of Technology announced a plan for guarding against possible future deficits. President Karl Taylor Compton said that this year's budget was balanced, but the M. I. T. faculty voted anyway to lay up a reserve as follows: Between next Dec. i and July 1, 1933, the staff will give up 10% of their salaries, with $500 exempt. If M. I. T. does not need all of this fund, it will be pro-rated back at the end of the period. The remainder of the reserve fund involves a much-discussed...
To continue reading:
or
Log-In
