Page 8 University Daily Kansan, June 18, 1961
11
KU Endowment Association holdings protested
By CONNIE SCHALLAU Staff Reporter
Marchers organized in front of the Kansas Union. They carried banners that read "No more Soweto" and they did not die in vain." They held a rally of South Africa" during their trek from the Union to Storm Hall.
KU police watched from a distance. One officer was taking pictures of the camera in the car. However, he showed a Kansas Photographer that the camera had no film.
"That camera did not have any film in it." KU police Leenand Strent said. "There was film available in case anything did happen. In case there was trouble, we would have been able to take pictures for later identification."
"I don't understand it. I don't know what Soweto means," Melissa Menehan, Wichita senior, said.
THE POLICE WERE assigned to the rally as a routine duty. Others just happened on the rally by chance.
Soweto is a black township in South Africa, a nation where the white minority officially rules. On June 16, 1978, thousands of black school children were gunned down while they peacefully boycotted school. The school was bombed and a student passed that required some subjects to be taught in AfriKaans, the official white language, rather than native dialects.
Since then the movement to remove public and private funds from corporations investing in South Africa, a process called divestment, has gained momentum across the nation. Direct U.S. investment in South Africa as of 1980 totalled more that $2 billion and was second only to Great Britain.
More than 25 American universities havedivested in part or in whole fromcorporations doing business in SouthAfrica.
THE KU COMMITTEE on South Africa and the South African Students Association, who organized the rally.
would like to see the KU Endowment Association follow suit.
The Endowment Association owned stock in 117 companies, 26 of which were involved in South Africa in 1978. As of June 30, 1978 the Endowment Association's common and preferred stock was valued at $2.6 million. The holding company corporations was $4.3 million, or 31 percent of the total.
Total bond holdings amounted to 68.2 million. Of the $1,7万 million, or 27 percent, were in 11 companies that were involved in South Africa.
Out of the $2.8 million holdings, the Endowment Association had $8.1 million, or 30 percent of the total holdings in companies that were involved in South Africa. The committee obtained these figures when they reviewed the Endowment Association's 1978 IRS statements.
THE COMMITTEE'S STUDY also revealed that the Endowment Association's yield on stocks in companies that were not involved in South Africa was 5.9 percent. The yield on the bonds from other South Africa was lower, at 5.4 percent.
For bonds, excluding convertible bonds, the yield was 8.9 percent on those not involved in South Africa and 10.4 percent for those involved in South Africa.
The committee ended its reports by stating, "These figures do destroy claims that divestment would be financially damaging to the Endowment Association and the University."
Two of the largest divesters were Michigan State University and the University of Wisconsin. Michigan State divested about 7.2 million dollars from 1978 through 1979. The University division divested by $10 million in 1978.
Nancy Elliot, director of investments at Michigan State University, told the American Committee on Africa that the divestment had worked out to the extent that the firms that were involved in South Africa were those industrial firms that
had not done as well as other types of firms.
"By getting out of these stocks and into other relatively smaller companies doing better, we have come out ahead. Our stock portfolio today has a higher value than it would have if we had remained in South African-related companies."
"In figuring this, we compared the current market value of the companies sold versus the market value of the companies we got into. As of June 1980 we had earned an additional $1 million."
IN REFERENCE TO Michigan State University and the University of Wisconsin's divestment, Seymour said. They have a different set-up.
"At this point I don't think it would be of any help to the South African people if we divested. I think it would do just the opposite."
Besides the universities that have partially or totally divested from corporations dealing with South Africa, 12 state legislatures and the District of Columbia would have to completely withdraw public pension funds from holdings in South Africa.
State Representative Norman
Dice, Justice K. Dawson City, attended a conference on state and local govern-
ment at the United Nations last week.
Justice, in conjunction with State Representative Theo Cribs, D-Wichita, wants to sponsor divestment legislation that would remove Kansas Public Employees Retirement System companies with holdings in South Africa.
"I've brought back several bill samples that other states have used," Justice said. "I want to get as many cosponsors as I can to give it more strength. In Wisconsin they had 50 cosponsors."
POLITICIANS ARE NOT THE only ones who are pushing for changes concerning diventment policies.
In May, the KU chapter of the American Association of University Professors voted 60 to 40 in favor of a resolution "that urges the Endowment
Director of undergrad English dies
Funeral services were yesterday at St. John the Evangelist Catholic Church for Mr. James "Tony" Gowan, Gowen, $2 died Saturday at his home, and David Gowan was the director of KU's freshman sophomore English department.
Gowen was born Oct. 24, 1928 at Chiquicamata, Chile. He is survived by two sons, Paul and Matthew, and two daughters, Anne and Maureen, all of Lawrence. Burial was at Mt. Calvary Cemetery, Lawrence.
charge of training the department's graduate student teaching assistants.
Gowen was the author of two text books, "English Review Manual" and "Progress in Writing." The books are used in English 101 and 650 and are recommended for individual students working on their own. Gowen was also in charge of ordering the texts used in freshman/sophomore English classes.
Gowen received his bachelor of arts degree from the University of San Francisco and a doctorate in English from Stanford University. He came to KU in 1964 and served as assistant professor in the department program until 1968. He became director of the program in 1972 and remained in that position until his death.
served as a consulting editor for English texts published by McGraw-Hill Books. He served on the editorial board of College English Association's two publications, the CEA Critic and the CEA Forum.
As director Gowen was involved in organizing curriculum for the 101 and 102 composition courses. He was also in
In addition to his duties at KU, Gowen
Gowen was a member of the Council of Teachers of English, Conference on College Composition and Communication, Modern Language Association of America and St. John The Evangelist Church.
On Campus
TOMORROW
A talk entitled "SOUTH AFRICA;
TIME IS RUNNING OUT" will be presented at 7:30 p.m. in the Jayhawk Room of the Kansas Union.
SUNDAY
SUNDAY
Registration for the junior high
MIDWESTER MUSIC CAMP will be
from 11 a.m. at Ellsworth Hall.
The Kansan welcomes items for inclusion in On Campus. Organizations should submit lists of free activities at least two days in advance.
Albert Gerken will give a CARILLON RECTAL at 3 p.m. at the Memorial Carillon.
This was a reversal of its position in January, which was that divestment was a political issue and therefore outside the concern of the AAUP.
Association to consider a divestiture policy for investments it holds in firms that conduct business in South Africa."
"I think that our vote will be at least a basis for discussion between the AAPU and its management Association," Robert Shelton, AAPU executive member said.
"This university has more than eight million invested in South Africa. These are factories that produce computers for the South African police state to keep tabs on every black citizen," Unger said.
Jonathan Unger, an AAUP member, who addressed the rally in front of Strong Hall said that this university did not remember, did not want to remember, didn't care to remember what happened at Soweto.
"This university helps to keep down four-fifths of a nation's population to keep the sophisticated, wealthy white economy going."
UNGER PROJECTED THAT within the next ten years there would be a powerful liberation movement in South Africa.
"Will the transition take place peacefully or in a blood bath? he asked.
chancellor's office, "to prevent a blood bath."
"It's our responsibility and their responsibility," he said, pointing to the
Phumusa Manzini, South African junior, said that he was glad to see both blacks and whites at the rally.
"South African students never hated white people. We just hate white supremacy," he said.
He assured the group that the chancellor, who was out to lunch, would receive the letter.
At the conclusion of the rally, two
people delivered a letter from the KU
Committee on South Africa to the
chancellor's assistant, James Scaly.
"I have no idea if it will be acted on. That's up to the Endowment Association," he said.
Tacha settles in, sets goals
my MARTHA BRINK Staff Reporter
One month after stepping into the job of vice chancellor for academic affairs, Deanell Tacha has ambitious plans.
She hopes to raise faculty salaries and establish a working definition of high-quality education, she said yesterday.
"I think Chancellor Budig and I both have a top-level priority of addressing the issue of faculty compensation," she said.
DEANELL TACHA
MARTI FRUMHOFF/Kansan Staf
TACHA MOVED AWAY from her paper-streak desk and sat in the informal atmosphere of the white cushioned chairs at the front of her room. She spoke to me as she sipped coffee and talked about her new job and her life outside the office.
Many outstanding faculty members stayed at the University of Kansas out of loyalty to and a belief in the institution, Tacha said. Those people should be encouraged to stay with a higher salary.
According to Tacha, it will be increasingly difficult to keep faculty salaries competitive with other institutions and with companies in the private sector. Therefore, she said, it is important to educate the Kansas Legislature and the people of the state as the importance of high-quality faculty.
Along with pay increases, Tacha said a clear definition of good education
For several years faculty, administrators and students have talked about improving the quality of education, she said. However, no one has ever defined high-quality education.
"Until that reaches a point of clear articulation, action is difficult," she
She is also tackling the issue as head of the Commission for the Improvement of Undergraduate Education.
THIS YEAR FACULTY members gave the commission recommendations on how to improve the quality of the
"I think it is extremely important that academic issues be addressed at the faculty level," she said. "An administrator can only work to facilitate these discussions about the level and direction of the academic program."
undergraduate program. In the more than 100 recommendations, a remarkable number of faculty members agreed on the steps needed, Tacha said.
One would provide more direction to students during advising and enrollment. Another would be to enrol students in an internship relationship between students and faculty.
Tacha is now working on the commission's preliminary report on the recommendations.
TACHA BRINGS to her new job a broad academic and professional background as well as a strong loyalty to KU. She received her bachelor's degree in American Studies here in 1968. She then went to the University of Michigan law school, but said she did not intend to practice law.
"To me law school was a broadening experience," she said. "I thought I viewed it as an intellectual opportunity. But, I learned the law practice and enjoyed it very much."
After receiving her law degree in 1971 and practicing for several years in Washington, D.C., he returned to KU as a law professor.
associate vice chancellor for academic affairs.
"Since coming to the University I very much like the teaching and the intellectual challenge of the academic relationships," Tacha said.
ALTHOUGH SHE has moved into administrative work, she is determined to continue teaching. She will teach a course in computer fall, and a property class in the spring.
In addition to her teaching, Tacha serves on the Kansas Women's Sports Advisory Committee, the Rape Victim Support Service Advisory Board and the Kansas Committee for the Humanities.
Two years ago she was named
Although she anticipated less time to devote to these organizations, she said it was important for an administrator to gain involvement in previous activities.
Her responsibilities leave little time for relaxation, and she laughed at the mention of leisure time.
"I HAVE THREE very small children, so it's hard to say I have any leisure time," she said. "But my children are certainly my avocation."
With ambitious priorities she has set for her new job, it is certain that Vice Chancellor Tacha will have even less leisure time in the future.
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