University Investments: The Issue of Responsibility
Second of a Three Part Series
By CRAIG PARKER
Koncon Staff Writer
The Kansas University Endowment Association currently owns about 14,000 shares of Kansas Power and Light which also own the K&P/L office (building 2).
KP&L produces sulfur dioxide when it burns coal to power its steam turbine generators. At the Lawrence plant, accretion of sulfur dioxide into the pollution control equipment which they say removes 86 per cent of the sulfur dioxide from the plant's exhaust. KP&L estimates, however, that eight tons of sulfur dioxide the pollution control system each day.
Does KPPLkL burn low sulfur or high sulfur coal? What other types of pollutants, such as particulate matter, are released from their emissions? Is thermal pollution because of its cooling procedures? Would they let an outside organization monitor their emissions? Are they guilty of overcharging their customers, as are many of the nation's power plants? Will this offer that their new, larger plant near Lawrence, will emit a lower absolute
amount of pollutants than their present operation does?
K. Galbraith's "The New Industrial State."
A GROWING NUMBER of legislators and concerned citizens think that an institutional investor such as the Endowment Association should use its
GALBRAITH SAID, "If, however, universities can regain and retain power in the distribution of their resources not only is there chance that these will be allocated
Background Report
position as a stockholder to influence
answer to these questions and other
questions.
A number of economists and businessmen are opposed to such involvement by investors in social issues. Sen Lee Mecalf, Montana, is active in the investigation of economic concentration营设 in this country. In a speech to the U.S. Senate on Dec. 28, 1970, "The University and the Corporation," Mecalf quoted John
in accordance with humane and intellectual, as opposed to industrial, need, but moreover the identification of the constituent members will be with the corporate entity of the university and with its goals."
Metcalf went on to make his own comments:
"The universities—as institutions rather than as groups of student and faculty — are very much a part of the corporate orbit today . . . (university financial managers)
cast the universities' considerable votes in corporate elections for the policies and corporate management. Faculty and staff are not required decisionmaking process. Indeed, some students have reported considerable pain in preparing where their university invests its resources.
"It introduces a variable that just can be measured," Youngberg he said. He said the National Association of State Universities and Land Grant Colleges is not recommending a set of criteria other than quality, rate of return on an investment, and possible appreciation. He is opposed to additional criteria because he thinks setting up a system will require too many value judgments are involved.
YOUNGBERG *JUSTIFIES* KU's holdings in General Motors by saying, "that's in any endowment portfolio in the world." Association holdings in Dupont, Youngberg Association need be no connection between the En-
IRVIN E. YOUNGBERG, executive secretary of the KU Endowment society is impossible to introduce social responsibility as a criterion in investment decisions.
See UNIVERSITY, page 3
Kansan Staff Photo by HANK YOUNG
Kansas Power and Light Offices in Lawrence
. . . A major KU Endowment Association investment . . .
82nd Year. No. 8
The University of Kansas—Lawrence, Kansas
'Hawks Elect Co-Captains
Thursday, September 9, 1971
See Page 8
Assembly Nominees Need Petition
by GAYLE TRIGG
Kansan Staff Writer
To be elected to the new College Assembly, a student or graduate student instructor in the College of Liberal Arts must have completed the course serve, if elected, but he must be interested enough to seek nomination, Delbert Shankel, associate dean of the College said
A freshman or sophomore student in one of the five Colleges-within-the College must submit a petition to have his name put on the ballot of his particular College. The petition must be signed by five freshman-sophomore students in his CWC.
The nomination forms to be submitted to the College Office in Strong Hall will be in the Kansan on Friday, Sept. 10, and the following Monday and Tuesday. The deadline for placing a name on the ballot is 5 o.m., Tuesday, Sept. 14.
Elections for determining representatives of the five Colleges-within-the College will be held in the various CWC offices on Thursday, Sept. 16, from noon to p.m. Eleven freshmen-sophomore students will be elected from each of the Colleges.
A JUNIOR OR SENIOR student or a graduate student instructor in the College should be present at the meeting of his faculty committee. On Sept. 16, in order to be nominated, At those meetings nominations will be taken from the floor, consent of the nominee given or denied, and a vote taken to determine the nominees (s) to the College Assembly.
The bylaws of the College Assembly as approved in January 1971, provide for a voting membership of all College faculty with the rank of instructor and above; elected assistant instructors and teaching assistants of a number equal to 10 per cent faculty; and elected undergraduate students equal to 20 per cent of the total faculty.
The Assembly this fall will consist of 560 faculty members, 55 graduate student instructors and 110 undergraduates of the College.
See ELECTIONS, page 3
Good Transportation but Hard to Park
The bicycle erase has struck campus causing it to bake for bikes on the grass or in a premium leather case or ear cover.
5 Per Cent of Voters Under 21
Almost 5 per cent of the Lawrence residents registered to vote on a special bond issue. Sept. 28 are 18 to 20-year-olds, the city clerk's office reported Wednesday.
million city-county government center, closed Tuesday evening. The clerk's office reported that since Aug. 24, 653 Lawrence residents registered. Of these, 405 were under 21 and 594 classified themselves as students.
Registration for the bond election, which is to decide the fate of a proposed $ 600
Lawrence has about 15,000 registered voters, and 73% of these are persons under 45.
City Clerk Vera Mercer said that the 904 students were not all University of Kansas
Connally Testifies
Mills Starts Push to Add To Individual Tax Relief
WASHINGTON (AP) -The push to add more individual tax relief to President Nixon's economic package came to the fore Wednesday as the administration's proposals were placed formally before Congress.
"I think there is need for some additional incentive to individuals to buy more," Chairman Wilbur D. Mills, D-Ak, of the House Ways and Means Committee.
He addressed Secretary of the Treasury John B. Connally, the administration's chief economic spokesman, who had just met with Nixon to discuss mattersMIT committee to improve Nixon's package intact.
Mills pressed Connally for the administration's attitude toward increasing the minimum standard income tax deduction. This special provision, set at $1,000 for next year, allows low-income individuals to benefit their income than the general rule permits.
"We wouldn't recommend it," Connally said. "But, if that's the committee's wish, we should."
Connally's testimony was the administration's congressional kickoff for the new economic program that Nixon announced Aug. 15.
THE PRESIDENT himself will present his case at a joint session of the Senate and House.
His speech will be broadcast live by radio and television networks starting at 10 a.m. EDT.
As Congress reconvened Wednesday, Sen. Robert C. Byrd of West Virginia, the Democratic whip, said he saw no incination to delay action on the Nixon proposals, although he said the legislators might want to make some changes.
U. S. officials meanwhile confirmed Tokyo reports that a major revocation of the Japanese yen will be sought in economic talks opening here Thursday.
Republican leaders advised the
Nixon to play politics with
Nixon's program.
Mills told Connally that if the government is to lose revenue through tax cuts, a main objective should be to do it in a way that will encourage spending to boost the economy.
"We could assure more spending if we provide relief in the lowest brackets,"
"If we can give a taxpayer in such a bracket $2 a week more, he is more likely
to spend it than save it."
Connally said repeal of the automobile excise tax, another element of Nixon's reform, would benefit since manufacturers had agreed to pass on the saving to car buyers. There are estimates that it would boost domestic gasoline sales by 600,000, creating 150,000 jobs, he said.
Welfare payments in Douglas County were slashed by about 24.5 per cent from August to September, according to figures released by the Kansas Department of Social Welfare.
Welfare Payments Fall 24 Per Cent in Month
The figures show an Aug. 1 payroll of $61,122 and a Sept. 1 payroll of $60,197. The paychecks were added after the first of the month, Charles Stevenson, chief of administrative set.
Robert Harder, director of the department, ordered the cuts last spring, effective Sept. 1, due to budget slashes made by Gov. Robert Docking and the 1971 legislature of Harder's requests for funds for fiscal year 1972.
Stevenson warned that percentage figures would be misleading for individual cases because each case was cut on a flat dollar amount. A family of four, for instance, frequently received a standard payment of $186 a month, now receives $154 a month.
The flat dollar cut in payments has resulted in individual cuts of up to 60 and 70 per cent for some old-age clients in Douglas County, according to William Nesbit, a supervisor in the service unit of the county welfare department.
Nesbit said payment for some special services such as transportation and special diets had been eliminated in the welfare cuts ordered by Harder.
"I've talked to some old-age clients who are quite concerned because their cuts have been so large," Nesbit said. "They're saying frankly they don't know how they're going to get by, and we don't know what to tell them."
Campus Mail Pickups Chosen
Each campus building now has one
mail will be delivered and picked up.
Each department will have a mailbox at location designated for mail in delivery to the department.
Buildings and Grounds is now installing mail distribution boxes. But departments that wish to receive their U.S. mail earlier may rent boxes in the newly remodeled office at Strong Hall or may pick up their mail at the post office during its regular hours.
Researchers at KU Develop Space Lab Experiment
By JOHN GOODRICK Kansan Staff Writer
When the first American earth-orbiting space station launches into space, a little bit of the University of Kansas will ride along.
Richard K. Moore, professor of electrical engineering and director of the remote sensing laboratory, had a major part in implementing a device for measuring wind speeds over the ocean. It was designed by an experimental scheduler for May 137.
"A whole host of experiments will be performed in Sky Lab," Moore said. His experiment is listed in Sky Lab's Earth-resources experiment package, one of six general headings, each of which lists several experiments.
The primary purpose of the experiment, according to Moore, is to get accurate data on wind speeds over the ocean in order to predict how the surface will be a great aid to navigation, he said.
Work at KU was done almost exclusively by KU faculty and graduate students. The one exception is Bill Spencer, Moore said. He attends meetings of NASA and travels to companies manufacturing the hardware on their progress. Spencer has been a graduate student at KU, but this semester he has to drop because of the travel.
A third part of the experiment is called "the radar altimeter experiment" which finds "bumps" in the ocean. These are long raised sections of the ocean's surface that reflect sunlight and sometimes caused by trenches and other geological phenomena on the ocean's floor.
Moore said the experiment is divided into three sections. One part uses a microwave scatterometer, a radar device, to measure wind speeds. A second, more sensitive device checks the weakness of measurement in the first part, which is due to clouds and rain.
Working with Moore is Willard Pierson.
professor of oceanography at New York University. Pierson has been working on studies to try to predict wave height, Moore said. Pierson found that the most affected areas were from wind speeds gathered from ships. The "inaccuracies of using wind speeds reported by ships and the small number of ships in many parts of the ocean have led to poor forecasts except in the North Atlantic and the North Pacific," Moore said.
"Scatterometer is a word I invented." Moore said. It is a type of radar that detects scattering particles.
By using Moore's data from the NASA project more accurate wind velocities can be gathered from more places and wave heights can be calculated more accurately. By mapping wave sizes Moore said ships could be given the smoothest road conditions. This would speed up shipment and eliminate much damage caused by rough seas.
is proportional to the wind speed over the ocean.
The radiometer measures microwave radiation from the sea corresponding to wind speed. Moore said it can be used to detect clouds, where satellite cameras can only detect clouds.
The Sky Lab experiment will be in three
The Sky Lak operation, Moore said, is a "one at a time" type of operation because of the budget. He said it would be about three years before any other manned flight would be attempted and added that almost every year the airplane goes into the project during the past three years.
After 28 days the first crew will return. A second crew will go up two months later.
stages, Moore said. In the first stage the space orbiting lab will be launched in a Saturn rocket. One day later three people will be sent off en an Apollo type module.
One disappointment in the program is that the ship will circle the earth between two points.
Two months after the second crew returns a third crew will board the lab and stay for the final 56 days of operation of the craft.
Originally the experiment was designed for a small Nimbus space craft, but the plans were changed, Moore said. Moore said, there is "much more flexibility" on the big craft, which will help get a larger variety of data.
One major goal of the experiment is to learn to set up a similar experiment on a smaller satellite, which will be able to provide continual data.
lattitudes, Moore said. He said he would like to take readings over the polar caps.
The experiments themselves are now submitted to Washington for final approval, Moore said. Although the general experiment has been approved and the equipment is being manufactured, the scientific experiments are still being approved.
"The money available for all experiments is totally inadequate," Moore said. It would be cheaper to continue an experiment or quit and begin again later, he said.
KU's experiment was picked because KU has been the primary university center for microprocessors. Moore said. As a pretest for the Skylai experiment at least five graduate students have ridden in NASA aircraft to show operators how to manage microwave and light transmission, and graduate students interpret the data later on the ground with favorable results.