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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (Oct. 27, 1948)
PAGE 4 Harper Issues Profit-Loss, New Policies According to an official report from the office of W. C. Harper, university director of commercial enterprises, used book prices will be decreased five percent imme diately. Harper presented the signed irt to the Student Coun'- i -nittee Monday. Along with the 'report was a complete profit and loss statement covering the period of operation between Nov. 30, 1945 to April 15, 1948. This period of business was under the managership of Bob Farley and the statement was pre pared by Jim Cusick, present manager, who was then book keeper. The statement proclaims the net profit over this period to be $33,784.96, a considerable part of which is due to increases in in ventory values rather than cash balances. Operating Costs Deducted This profit statement does not include deductions for certain op erating costs. When reasonable charges lor these are deducted the net profit is reduced to $26,659.96 for the period or $11,225.16 per year. Immediate moves to be under taken by the bookstore, according to Harper, are these: "1. Continuing to purchase at 50 percent of list price, used books which are to be required in classes on this campus in subsequent semesters, and re duce the current margin of markup by 5 percent of list price" or to sell used books at 70 percent of list price instead of 75 percent. "2. Increasing its efforts to ob tain the best markets for used books no longer required in classes on this campus, and pur chasing such books from stu dents at the highest price bid by jobbers. Books for which there are no market quotations will not be purchased." To Publish Report "The bookstore will prepare for publication a financial report an nually on or before May 15. This report is to include a profit and loss statement based on operating costs as defined by the committee reports including a charge for New Norris Co-op Claims Men From Eight Nations BY HERB DENENBERG Do you want to see democ racy in action? Do you want to see a college co-op that selects members without regard to race, religion, national origin, eco nomic circumstances or political ties? Do you want to see a college residence where men obtain membership simply by a request to affiliate? Do you want to see a house where men of all re ligions, lands and races live to gether in harmony? If you do, just look at 1504 S street, home of the Norris House Inc., new campus co-op. This house, a modified male version of the International House, claims men from Hawaii, Turkey, the Netherlands, the- Argentine, Norway, Trinidad, China and even Nebraska and the U. S. A. The co-op is based on the prin ciples of open membership, demo cratic control, and neutrality in religion and politics. Began Last Year Organization of the house -began last year under the guidance of Earl Dyer, Eugene Berman and Elmer Sprague, now a Rhodes scholar at Oxford. They received advice from Dr. G. W. Rosenlof, who, according to Berman was "particularly interested and help ful in bringing foreign students to the co-op." Berman also gave credit to Coach Ed Weir who also assisted generously. The response to the program was so great that the new co-op was easily organized this year. Earl Dyer was re sponsible for finding the house and making arrangements to oc cupy the house. Still Expanding The co-op is still expanding and besides the 20 students who live at the house and another 25 who only eat at the house, there is already a membership waiting list As more rooms become available .the first men on the waiting will move in. The house, in its democratic spirit, is managed entirely by the Regents' rent, utilities and administrative overhead not to exceed $250 per month. On the basis of this May, 1949, report and annually there after, additional adjustments will be made to eliminate, insofar as is possible and prudent, any profit or loss." This statement was in cluded in the Harper's report. Harper also states that the book store could not handle many stu dent supplies in its present loca tion. The matter of handling a limited number of supplies is be ing considered and will be dis cussed later with the committee. Following are copies of the bal ance sheet report and the profit and loss statement issued from Harper's office: BAI.AMK SHKKT, APRIL Canto on rtpjxwit S1S.037.7S Petty cash 5MO.O0 148 $15 537 7 ArfnunM rmN'lvrifolf Credit memos ... Hiwk returns .... Sales 7.232 91 3,290 4S 4.531 21 IS 0.14 M 36.91.1.29 894. 07 186. 53 Inventory . . . . Kquipment Salary reserve $t8.fi6 23 Total Avls: Uahilitieo and rrfll Accounts payable Current 7,.Jtl 3.3.r .13 3,3jii..riU Departmental Vetera-is nilm. Finance of I ice (petty cash) 5O0. 00 Capital $1 1.567.88 54 01S 37 1WS.25 TROUT WD IXWS ST AT KM K NT .Nov. 30. 1943 l April IS, I94X N.-t worth April 1"., 1918 S.S4.018 37 Net worth Nov. 30. litli 20.233.41 NET PROFIT J33.784 96 Arl Guild Displays All-State Exhibit Morrill Hall was the scene of the opening of the Lincoln Artists' Guild annual all-state art exhibit Tuesday evening. An informal re ception was held and visitors sur veyed the collection of Nebraska artists' works over popcorn and peanuts. The exhibit, which mostly fills the corridors of Morrill Hall, of fers a cross section of contempo rary Nebraska art. The exhibit will continue through Nov. 14. students. The executive body is a ten-man council which includes the president, Earl Dyer; vice president, Orhan Ulusoy of Tur key; treasurer, Dave Pickerel; and secretary, Eugene Berman. Participating in intramural ac tivities, the Norris House also plans to affiliate with the ISA and to hold regular parties and hour dances. But above all, it is going to continue to work on the principles of open membership and democratic control, thus wel coming all into its membership without regard to race, religion or creed. Union to Stage Dances Movie This Weekend The Union will celebrate the Homecoming week-end with two dances and a Sunday night movie. Friday's Unionizer, after the Homecoming rally, will be geared for Halloween. Tables will be set up around the dance floor and re freshments will be served. Danc ers will hear the music of Bob Calome's orchestra. After the UCLA game the Union will be open for a Football Jamboree. Lee Knight and his Double Daters will supply the mu sic which will be broadcast from the ballroom at 5:15 p.m. "Young Mr. Lincoln," starring Henry Fonda and Alice Brady, will be shown Sunday at 7:30 p. m. to complete the week-end pro gram. SLEPT 20 YEARS R. V. Winkle, Tarrytown, N.Y, care fully avoided NoDoz Awaktnsrs and slept 20 years. You can do the eame. Only 25c at your druggist's and harmless as coffee, but who cares about that? THE DAILY NEBRASKAN Alums Plan Weekend Events Nebraska alumni will partici pate in a new feature of tradi tional Homecoming festivities this year. They have been invited by the Alumni association to relax at an after-the-game free coffee hour in the Union. Sponsored for the first time this fall, the coffee hour will be given in addition to the pre game buffet luncheon also to be held in the Union. The luncheons have been held before every game this year for returning Cornhuskers. There will be no established W w" 7- .A&J . if .1 J kJ 5 More independent experts smoke Lucky Strike regularly than the next 2 leading brands combined! Art impartial poll covering all the Southern tobacco markets reveals the smoking preference of the men who really know tobacco auction eers, buyers and warehousemen. More of Ihese independent experts smoke Lucky Strike regularly than the next two leading brands combined. L N 1 'g! LUCKY 07RIEIE HE AUG FINE TOBACCO So round, $o firm, s o fully packed so free and easy on the draw program at the luncheons and informality will prevail. Alumni of such campus groups as In nocents, Mortar Boards, N Club and Women's Physical Educa tion will gather at special tables for their annual Homecoming as semblies. The Alumni association board of directors will hold its annual Homecoming meeting at 10 a.m. Saturday morning in the Faculty Lounge of the Union. Hostesses for the pre-game luncheon, to be held from 11:30 a.m. to 12:45 p.m. will be Mrs. J. W. Kinsinger, Mrs. John Cur- ... Wednesday, October 27, 1948 tiss and Mrs. Earl N. Deppen. The free coffee hour hostess will be Mrs. R. G. Simmons, vice president of the Alumni associa tion. In general charge of all ar rangements and Alumni activities is Fritz Daly, Alumni association secretary. HALLOWE'EN CUTE, HUMOROUS CARDS Alto Napkin and Seal Goldenrod Stationery Store 215 No. 14. Open Than, to 9 i., thc ucmcm Toaneco eoarAur