Stanford University - Quad Yearbook (Palo Alto, CA)

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fi H UAB 15 fqx ,EM- YL 5 s ,,..' , v' Q'aw-'L- -fl:qTj1- 4, 1-1 q VM :-31 H if 5'Q'tf1'Qi rfiq E A 5 business world and whose sound judgment Stanford could not buy, but which it most gladly accepts-men who willingly lend us their talents, unselfishly sacrificing their own affairs for the welfare of the University-to these men whom we honor and trust absolutely the Founders transferred their millions, to be administered for the best interests of the University which they founded in memory of their only son, Leland Stanford Jr. The Board of Trustees is the virtual owner of all the property transferred by Governor and Mrs. Stanford for the maintenance and endowment of Stanford University. The principal object, therefore, of the Board is to so administer this trust as to safely bring in the largest amount of revenue possible for the use of the University, in order to maintain its function of efficient usefulness to the individual and to the nation. To this end the Board has divided itself into a number of special committees, each covering some important branch of the University's administration. The members on a certain committee are chosen because of their peculiar fitness for handling the problems of that par- ticular department. The aim is the efficient handling and supervision of the business of the Board of Trustees in all its branches. With such a highly organized group of specialists the aim is father to the desired results. As in the case of every body of men drawn together for the purpose of accomplishing results, it has been found advisable to set down cer- tain rules and regulations. Accordingly, the Board of Trustees has appointed a Rules Committee, consisting of Trustees Davis, Leib and Miller, to make such recommendations as it deems necessary. The University Committee, consisting of Trustees Davis, Eells, Grant, Babcock and Hoover, has the power of recommending the selection of the President of the University to the Board of Trustees, of appointing professors upon the recommendation of the President, and of determining, in a broad way, the educational growth and policy of the institution. The plans for increasing the library facilities by erecting a new building for this purpose are a result of the recommendation made by Trustees Eells, Davis, Stow and Anderson, of the Library Committee. To Trustees Lathrop, Grant, Babcock and Stanford of the Museum Committee is delegated the responsibility of supervising the general maintenance and reconstruction of the Museum, and the safeguarding and care of all its valuable contents. The restoration of the Memorial Church to its original beauty and prominence has been the monumental task of the committee composed of Trustees Lathrop, Sloss, Leib and Stanford. The efficient' care and supervision of the University grounds, as well as the extensive improvement and beautification of the campus, are due to the untiring efforts of the Grounds Committee, consisting of Trustees Stow, Newhall and Hopkins. The management of the University's ranches has been, and always will be, a big undertaking, owing to their immense size, the Stanford Ranch consisting of eight thousand acres, the Durham Ranch of eighteen thousand and the Vina Ranch of fifty-three thousand acres. But with the formation of the Ranch Committee, composed of Trustees l13l

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THE BOARD OF TRUSTEES C. W. WAUGH, ,IO ' . The Board of Trustees has spent millions of dollars in fulfilling the alms and wishes of the Founders of Stanford University to maintain a free institution for the express purpose of turning out into the world Y01-Ing men and women equipped for the duties of citizenship and for services to mankind. A set of magnificently unique buildings has been erected, equipped and maintained, which any university in the world Wquld be proud to call its own. An exceptionally strong faculty of brilliant scholars from the leading institutions of America and Europe has made the name and fame of Stanford University known in all quar- ters of the educational world. Wonderful though this all really is, comparatively few out of all the thousands of students who have taken advantage of this generous education fully realize the extensive func- UOHS, duties and responsibilities of the members of the Board of Trustees in administering the trust so as to provide and still continue to provide for the maintenance of this free institution of higher learn- lng. And none know, or will ever know, of the many sacrifices of time and money which the members have made and are constantly making in looking after the interests of the University. Such loyalty and un- selfishness are worthy of our highest admiration. . The Board of Trustees of Stanford University, composed of fifteen membe1'S, eight of whom hold office for life and seven for terms of ten years each, consists of the following members: , Term of Office Frank Bartow Anderson, IO years. William Babcock, IO years. Horace Davis, LL. D., Life. Charles Parmelee Eells, A. B., Vice-President, IO years. JOseph Donohoe Grant, A. B., Life. Herbert Clark Hoover, A. B., IO years. Timothy Hopkins, President, Life. Charles Gardner Lathrop, Treasurer, Life. Samuel Franklin Leib, LVL. B., Life. Frank Miller, Life. William Mayo Newhall, B. S., IO years. James Leroy Nickel, IO years. Leon Sloss, Life, Thomas NVelton Stanford, Life. Vanderlynn Stow, A. B., Business Manager, IO years. beciHCh member elected to the Board. of Trustees was nominated line JF? as a leader and as an authority in his particular profession or trati ugliness activity, his advice was needed for the proper adminis- qourgn O the vast interests of the University. Yaried though the :chOuSCS dof -income are, from the operating of immense eighteen- enomiiu - and fifty-three-thousand-acre ranches to the investing of Trust ous sums in bonds and mortgages, we have on the Board of agers ee? 11611 who are sound financiers and experienced business man- rancheo if e .h1ghest.order, .men who are eicpert managers of large success Ci lmmes, of industrial. and commercial enterprises, eminently T U. awyers and a prominent educator and statesman. 0 this remarkable body of men, whose rich experience in the r l17l ri il UAB 5 f7x 1 'IN 191 1 A L l 1.- S-gs. L ivfwf ,xr .- Q-.nf-.xi 95 57 F I! !l

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ftow, Newhall and Nickel, a systematic and determined attempt has 'Egg made to place these vast tracts of land upon a profit-bearing 'lhe Finance Committee, composed of Trustees Sloss, Lathrop, Stow, Miller, Leib, Nickel, Anderson and Newhall, is considered one Of the most important committees of the Board. All recommendations by the various committees for the expenditure of money have to meet the approval of this body. Its business is to look after the financial welfare of the institution. To this end it judiciously invests the funds Of the University so as to reap the biggest return consistent with Safety- 'Upon its keen business judgment rest secure the continued Prosperity and future usefulness of Stanford University. In such a SYOUP Of capable and loyal members we have absolute confidence. Each committee meets once a month to consider its own problems and to make such recommendations as it deems necessary for the welfare of its department. These meetings are usually preceded by Qersonal investigations and by numerous conferences. On the last I'r1day of .the month the Board of Trustees, presided over by its hon- Ored President, Mr. Timothy Hopkins, meets to consider and act on the numerous recommendations presented. The action of the Board IS the ultimate authority. T So 1mportant.and so extensive is the business of the Board of rulstees and all its committees that it requires a manager of proven business ability to execute its affairs, and also a treasurer of absolute Pltegflty to receive, disburse and account for all moneys and secur- ities handled. As Treasurer and as former Business Manager of the institution which his sister founded, Mr. Charles G. Lathrop has de- voted his entire time and ability to its interests with utter faithfulness anq mfegrity. When, owing to ill health, Mr. Lathrop asked to be relieved orf the duties and responsibilities of Business Manager, the Board of Trustees, in recognition of his long and valued service, pre- sented him with a testimonial of its highest esteem. The man chosen to succeed to the honor and responsibility of immaglng the business affairs of the Board of Trustees is Mr. Vander- fYUI1 Stow,.a Harvard graduate, a prominent financial executive and qornier assistant business manager of the University. Upon Mr. -t0w s shoulders now rests the weight of responsibility in carrying Ollt the business and financial policies of the Board of Trustees. With fglifll an experienced business executive representing it, the Board of Cofgltstees is confident that the business affairs of the University will ilnue to be handled very efficiently and effectively. for tlot onlyuls the Board of Trustees working. loyally and unselfishly he TC best interests lofithe University, as an institution, but also, by bogfty C0-Operation, it is working for the'welfare of Stanford, as a X0f undergraduates, alumni and professors. I 1. h nd HOW, just as the dawn of a new day reveals in the golden sun- lg 'C four buff-colored walls of buildings, topped with sunny red tiles, and bounded below with shady Spanish Mission arcades,al1 four linked f0gether to form the Stanford Quadrangle, we see in the dawn of a 5-TSW era of Stanford life, the Board of Trustees, the Faculty, the th umm and the Undergraduates, all four members drawn together.by C Spirit of co-operation and loyalty into one big Stanford family. lI9l fi il UAB 5 fuk, sg iris- L-5.:f,Q,,j: ifiiiji 9 ISL.-fi , 5 - M- l! !J