Mre Olsen ate Page Two ° Nove 18, 1940 room with those MAA people I was not going to rise and bicker over the 10) but we can get a fair settlement and it certainly is not right for them to take 10% first and then take 50%. I will not quarrel and it would have been out of place for any voice to have been raised at that meeting, But the fact that Major Griffith wrote you and stated that the findings were as those set forth in the letters namely, that no hotel and traveling expenses would be allowed them, showed me conclusively that they were all mixed UPo | Therefore, I think very definitely, before this money is distributed that we should have a meeting and I am sure Major Griffith will go along with us because we have a seteup wherein we will make the NCAA a lot of money, if they do not “kill the goose that lays the golden egg." 3 Major Griffith said to me, “PhOgs do you think the boys will be satisfied with such a settlenent as this?™ And the interesting part of it was, Ole, that he was not clear on the settlement, and he continued, "Well, Phog, if they are not, you and Ole and Saint and some of us will get together and we will make it rights" He stated that the difficulty with a lot of these fellows is that when they make money they want to spend it all. He spoke about Butch Cowell, who passed away last year. He stated that Butch wes a good fellow but he was Chairman of the NCAA Boxing Committee and these members would want to have about three meetings a year and spond a lot of money while they were in session, but the meetings were too often and too expensivee I said, “Well, Major Griffith, that is not true in regard to our neetings," and he hastily agreed. I told wajor Griffith that we had been as conservative on our expene ditures as if we had been handling University moneyp I told him of some of the expenses that were too large and that we refused to approve. them, and we made nobody @ngrye I mentioned the fact that I got letters from you and we presented them in such a way, without using the officers names, and we told them the Come mittee would not approve such expense accounts. I stated the business mana ger had perfect confidence in what we had done, and further that President Owens had attended the finals and complimented the Committee most highly in the cole legiate atmosphere which the Tournament seemed to possess. | | I just Inow, Ole, that inasmuch as the NCAA Executive Comittee seteup _ ig not clear and inasmuch as we are making an agreement to last for the NCAA Basketball teams to follow, I still believe that we could benefit by meeting with Major Griffith and getting an agreements; namely, 50% of their net with the NCAA without this first 10% cut. : Kansas is to play Loyola in Chisago on January 2. I am wondering if there is any way that we could meet with you and Major Griffith that date, or _ Will he be back from the New York Meeting? Will you please find out and let | me know? I imagine you will be busy but thought perhaps I would take a fling