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
