02/08/1954

UCCSN Board of Regents' Meeting Minutes
February 8-9, 1954




2-08-1954
Volume 7 - Pages 1-21

                    UNIVERSITY OF NEVADA
                       REGENTS MEETING
                      February 8, 1954

The Board of Regents met in regular session in the President's
office on Monday, February 8, 1954.  The meeting was called to
order by the Chairman at 9:10 A.M.  Present:  Regents Hardy,
Crumley, Lombardi, Grant, Ross and President Stout.

Reporters Armstrong, Burns, Bennyhoff and University Editor
Laxalt covered the morning session.

 1.  Minutes of Previous Meeting

     Motion by Mr. Crumley carried unanimously that the minutes
     of the regular meeting of December 10, 1953 be approved
     and that the reading thereof be dispensed with.

 2.  Comptroller's Claims

     The following claims, which had been approved by the
     Executive Committee, were presented for approval of the
     Board:

         Regents Checks, Nos. 34-72A to 34-94 inclusive for a
         total of $166,207.14 for December.

         State Claims, Nos. 34-45 to 34-54 inclusive for a
         total of $109,610.64 for December.

         Regents Checks, Nos. 34-95 to 34-112 inclusive for a
         total of $225,803.47 for January.

         State Claims, Nos. 34-55 to 34-66 inclusive for a
         total of $138,598.62 for January.

     Motion by Mr. Hardy carried unanimously that the above
     claims be approved.

 3.  Gifts

     The President reported the following gifts to the Univer-
     sity:

     a)  Mrs. Frank R. Payne of Reno financed 2 soloists in the
         production of "The Messiah".

     b)  The Mapes Hotel and the Riverside Hotel advertising
         "The Messiah" in the local papers.

     c)  Mr. Arthur E. Orvis of Reno contributed $1000 to the
         President's Discretionary Fund.

     d)  Mr. Edgar G. Gibson, President, Western Powder Company,
         Salt Lake City, Utah, forwarded to the Mackay School
         of Mines some 400 volumes of textbooks and publications
         of the U. S. Geological Survey which comprised the
         technical library of Mr. C. T. Van Winkle, former
         mining engineer.

     e)  The Wells Cargo, Inc. transported the books in the above
         gift from Salt Lake City to the Campus free of charge.

     f)  The Reno Evening Gazette and the Nevada State Journal
         jointly sent a check for $5000 to the University as the
         basis for a scholarship fund to provide help for carrier
         salesmen who would otherwise be unable to attend Col-
         lege.

     g)  The Kennecott Copper Corporation renewed its scholar-
         ships to the University of Nevada for the coming 3
         years - $1000 each year for 1954-55, 1955-56 and 1956-
         57.

     h)  The Fleischmann Foundation has made a grant of $150,000
         to be added to the prior donation in the same amount
         from the Foundation.  Ultimate disposition of this fund
         is to be determined between the Trustees of the Fleisch-
         mann Foundation and the Regents of the University of
         Nevada.

     i)  The Sears Roebuck Foundation made a grant of $1500 to
         be used by the Animal Husbandry Department for research
         in beef cattle breeding.

     j)  The Lederle Laboratories, Division American Cyanamid
         Company, Pearl River, New York, through Dr. B. W. Carey,
         Director of Laboratories of that company, gave $1200 to
         be used in studies by the Animal Husbandry Department
         on the use of antibiotics in the rations of swine and
         sheep.

     Mr. Ross read a letter from Mr. Lester D. Summerfield, as
     follows:

                              February 5, 1954

         Mr. Silas E. Ross
         Chairman Board of Regents
         University of Nevada
         101 West Fourth Street
         Reno, Nevada

                 Re:  Fleischmann Estate - Schutte Trust

         Dear Mr. Ross:

         This will advise you that in the settlement of an action
         filed against the Fleischmann Estate under which a judg-
         ment was entered yesterday, the University of Nevada be-
         comes the contingent beneficiary of a $125,000 Trust.
         This trust fund will be set up in the immediate future
         with the Security National Bank of Reno under the terms
         specified in the Judgment copy of which I enclose you
         herewith, and which is self-explanatory.

         Briefly, if the Schuttes live more than 20 years follow-
         ing the death of Mrs. Fleischmann, then the Foundation
         itself will have ceased to exist, and the trust fund
         will go to the University of Nevada upon the death of
         Mr. and Mrs. Schuttes.  However, in the event that both
         die during the lifetime of the Foundation, the funds
         will revert to the Foundation.

                             Sincerely,

                         /s/ Lester D. Summerfield

         LDS/vm
         Enc.
         cc. Mr. Julius Bergen
             Mr. Hugo A. Oswald
             Mr. Francis Price

     It was the unanimous agreement of the Regents that the gifts
     (a) through (j) be accepted and the Secretary write a note
     of thanks on behalf of the Board of Regents.  It was further
     agreed that President Stout look further into the Schutte
     Trust.

 4.  Acceptance of Gifts

     The President recommended that a definite policy be con-
     sidered in the matter of gifts to the University so that a
     check might be made prior to acceptance.

     It was unanimously agreed that, before acceptance, gifts to
     the University should be cleared through the Dean concerned,
     and by the Dean through the President as to nature and terms
     of the gift.  The President will then present the gift to
     the Board of Regents for official acceptance.

 5.  Personnel Recommendations

     The following personnel recommendations were presented by
     President Stout:

     a)  Salary increase for Willmar Tilden Berg, Laboratory
         Helper in the Atomic Energy Project, Mackay School of
         Mines, from $280 to $300 per month, effective January
         1, 1954.

     b)  Supplementary contract for Robert J. Morris as Assistant
         Research Chemist in the Atomic Energy Project, Mackay
         School of Mines, during time not occupied by scheduled
         teaching, from January 1 to June 30, 1954 - total salary
         $450.

     c)  Supplementary contract for H. Jerome Seim as Assistant
         Research Chemist in the Atomic Energy Project, Mackay
         School of Mines, during time not occupied by scheduled
         teaching, from January 1 to June 30, 1954 - total salary
         $390.

     d)  Reappointment of La Mar R. Smith as Sub-Professional
         Assistant in the Library at a salary of $2700, effective
         July 1, 1953.

     e)  Reappointment of Arthur J. Palmer, Jr. as Assistant in
         Geography in the Las Vegas Program at a salary of $1035
         for the Spring semester 1954.

     f)  Appointment of H. A. Nenzel as Tennis Coach in the Ath-
         letic Department at a salary of $225 for the Spring
         1954 season.

     g)  Leave of absence, without pay, for Robert R. Gorrell,
         Associate Professor of English, for the 2nd semester
         of the school year 1953-54 and the 1st semester of the
         school year 1954-55 in order that he may accept a
         Fulbright award.

     h)  Resignation of Mrs. Mary Rulifson Frye as Instructor
         in Physical Education, effective February 1, 1954.  She
         and her husband are moving away from Nevada.

     i)  Appointment of Leah Gregory as Assistant in the Depart-
         ment of Physical Education for the Spring semester 1954
         at a salary of $1500 for the semester.

     j)  Appointment of Robert P. Laxalt as University Editor,
         effective February 18, 1954, at a salary of $425 per
         month.

     k)  Appointment of William R. Wood as Professor and Dean,
         Statewide Development Program of Higher Education, ef-
         fective as soon as he can be released from his present
         position, at a salary of $10,500 per year plus $1000
         for moving expenses.

     l)  Reappointment of Mrs. Nina Hinderman as Instructor in
         Home Economics at a salary of $360 per month, for the
         period February 1 to April 3, 1954.

     m)  Appointment of Winona Koch as Assistant Professor of
         Home Economics at a salary rate of $4500 per year, ef-
         fective April 1, 1954 in the place of Mrs. Hinderman.

     n)  Appointment of Kenneth Bradshaw as Assistant in Mathe-
         matics for the Spring semester 1954, at a salary of
         $1200 for the semester.

     o)  Resignation of Frank E. Morrow as District Extension
         Agent in Eureka and White Pine Counties, effective
         January 31, 1954.

     Motion by Dr. Lombardi carried unanimously that the above
     personnel items (a) through (o) be approved.

     p)  Reappointment of Mrs. John Fant as Assistant in Educa-
         tion for the Spring semester 1954, at a salary of $500
         for the semester.

     Motion by Mr. Grant carried unanimously that the personnel
     item (p) be approved.

The Board recessed as a Board of Regents at 9:40 A.M. and con-
vened as a Board of Control for the Agricultural Experiment
Station.

     President Stout presented the recommendation that the resig-
     nation of Richard A. Gerity as Research Assistant in Range
     Management, Agricultural Experiment Station, be accepted,
     effective February 1, 1954.

     Motion by Mr. Grant carried unanimously that the recommenda-
     tion be approved.

The Board adjourned as a Board of Control for the Agricultural
Experiment Station and reconvened as a Board of Regents.

 6.  Report on Fall Enrollment

     Dean William C. Carlson came into the meeting at 9:50 A.M.
     to present a prepared report on Student Enrollment Fall
     Semester, 1953-54 (see report pages 11-21 filed with perma-
     nent minutes).  Special attention was given in the report
     to the records of Unclassified Students as the beginning
     of a study on the affect of the Admission Rules adopted by
     the Board of Regents at its meeting on April 10 and put
     into effect in the Fall semester 1953-54.

     On the basis of the statistics available, the change in
     admission requirements did not increase the range in the
     ability of entering students and therefore created no
     greater problems.  The success of some individuals who
     could not have entered under the old plan was remarkable.
     The outstanding instance was one boy who ranked in the 99th
     percentile in the Ohio Psychological Examination and who
     earned 3.1 grade point average during his first semester,
     in which he carried 18 1/2 credit hours, but who could
     not have been admitted under the old rules.  Dean Carlson
     recommended that the new policy of admissions be continued.
     He recommended, also, that a continuing study be made of
     all entering students over a period of several years for
     more conclusive results.

     In the discussion which followed the above report, Dean
     Carlson suggested that thought be given to a Freshman
     Counselor so that a better job might be done with the
     incoming students, thus reducing the number of withdrawals
     and insuring greater success on the part of those who re-
     main in College but who need more extension counseling
     than can be done with the present staff.

     It was informally agreed that, when money is available, a
     Counselor for Freshman students be considered.

 7.  Candidates for Degrees

     President Stout presented the following list of candidates
     for degrees, as recommended by the Dean and the faculty of
     the College indicated:

     COLLEGE OF ARTS AND SCIENCE

     Bachelor of Arts

         Warren Lo Ring Botkin, Jr.     Diane Patricia Lewers
         Susan Ribble Calkins           Boyd Alma Murphy
         Ray Rom Chandler               Warren H. Shelton
         William J. Cooper              Joseph Leo Ward
         Sam Dario Dibitonto            Erwin Jack Young
         Leah Louella Gregory

     Bachelor of Science

         Robert C. Barto                Warren Kenneth Sandau
         William George Miller

     Bachelor of Science in Business Administration

         Melvin Philip Guerrera         James Edward Wilson
         Carl Eugene Sawyer

     COLLEGE OF AGRICULTURE

     Bachelor of Science in Agriculture

         Glen Dudley Hardy              George A. Myles
         James R. Hettinger             Rollie Albert Weaver
         George B. Knezevich            Kenneth Elsworth Yenter

     COLLEGE OF ENGINEERING

     Bachelor of Science in Civil Engineering

         Earl Robert Latham             David Russell Storm
         William Leroy Nagel

     Bachelor of Science in Electrical Engineering

         Arthur E. Sommer

     MACKAY SCHOOL OF MINES

     Bachelor of Science in Mining Engineering

         Ralph Leland Gronning

     ADVANCED DEGREES

     Master of Arts

         John Erwin Bills               Sidika Ayfer Turner

     Motion by Dr. Lombardi carried unanimously that the candi-
     dates be approved and that they be granted the indicated
     degrees.

 8.  Accreditation

     President Stout presented a prepared report, as follows, on
     accrediting:

                     THE EVALUATION OF UNIVERSITIES

         For the first 50 years of the 20th century several dif-
         ferent organizations representing various types of edu-
         cational institutions sought to restrain and give direc-
         tion to the impact of evaluation and accreditation upon
         higher education.  All failed to stem the tide toward
         ever-increasing costs, duplication and regimentations.
         The number of organizations seeking control over spe-
         cialized segments of higher education continued to grow.
         By 1950 there were approximately 300 agencies which were
         attempting to evaluate and accredit the works of Uni-
         versities and more than 100 of these agencies were in a
         position to impose their demands upon institutions of
         higher learning and, in many instances, were competing
         with each other for the privilege of controlling and
         policing certain phases of higher education.

         Fearing the mounting threat to essential institutional
         freedom, autonomy, diversity and stability latent in
         evaluating and accrediting as practiced by most agen-
         cies, College and University officials, in 1949 formed
         the National Commission on Accrediting.  This Commission
         was and is sponsored by the following organizations
         which comprise its constituent membership:  Association
         of American Colleges, Association of American Univer-
         sities, American Association of Junior Colleges, Associ-
         ation of Land Grant Colleges and Universities, Associa-
         tion of Teacher Education Institutions, Association of
         Urban Universities and National Association of State
         Universities.  The Commission's Constitution, approved
         in 1950 by the membership of its 7 constituent associ-
         ations, directed the Commission to eliminate the ob-
         jectionable and to improve the constructive features
         inherent in the evaluating and accrediting function.
         Over 950 individual institutions have joined the Com-
         mission and support its programs.  The University of
         Nevada is one of these member institutions.

         The National Commission has called upon the Regional
         Accrediting Agencies to assume responsibility for in-
         stitution-wide evaluation of Universities within their
         respective areas.  The University of Nevada is a member
         of one of these, the Northwest Association of Secondary
         and Higher Schools.  Institutions of Higher Education
         in Washington, Oregon, Montana, Idaho and Utah are also
         members of the Northwest Association.

         Recently the National Commission and the Northwest As-
         sociation have recommended that each College and Uni-
         versity should undergo a reevaluation within the next
         few years and once every 10 years thereafter.  The next
         institution-wide evaluation is necessary for most Uni-
         versities for very few have been done since the start
         of World War II.  At present the University of Idaho
         and Idaho State College are preparing for a reevalua-
         tion by the Northwest Association.

         The National Commission and the Northwest Association
         regard such reevaluations as a stimulus to the growth
         and development of a University rather than merely an
         inspection and standardization based on minimum stand-
         ards.  They consider institutional self-evaluation to
         be one of the major aims of the accrediting process,
         which process should result in stimulating improvement
         through institutional initiative.

                            SELF EVALUATION

         Since one of the chief aims of the evaluation experience
         is the fostering of the growth and development of the
         institution from within, both the National Commission
         and the Northwest Association recommend that each evalu-
         ation by the Northwest Association be proceeded by a
         through-going process of self-evaluation.  They also
         urge that sufficient time be taken (12-18 months) to
         permit a real self-evaluation.

         Areas to be studied include Curriculum, Instruction,
         Plant, Materials and Equipment, Library, Financial
         Support, Stability, Records, Faculty, Administration
         and the Student-Personnel Service.

         Because each institution must be studied in the light
         of its own unique clientele and stated purposes, the
         National Commission and the Northwest Association
         recommend that the self-study be climaxed:

             a.  By a description of clientele and responsi-
                 bilities of the Institution.

             b.  By a clear-cut statement of the objectives of
                 the Institution.

             c.  By a self-appraisal of the degree to which the
                 stated objectives are, in fact, the objectives
                 of the institution.

             d.  By a self appraisal of the degree to which these
                 stated objectives are being fulfilled.

                   THE VISITING EVALUATION COMMITTEE

         Following the self-evaluation and the presentation of
         the findings to the Northwest Association, a visiting
         evaluation committee of 20 to 30 authorities will be
         sent to the institution's Campus.  This committee will
         include specialists in the areas to be evaluated.  Thus
         the Library will be evaluated by those who know librar-
         ies, curriculum by those who know curriculum, adminis-
         tration by those who know administration and instruction
         by those who know instruction.

                 EVALUATION OF THE UNIVERSITY IN NEVADA

         In 1920 the University of Nevada was placed on the
         approved list of the Association of American Univer-
         sities, a group of a few large Universities which formed
         the chief accrediting agency in the United States.  The
         University of Nevada remained on the approved list until
         it was discontinued in favor of Regional Accrediting
         Associations.

         The University of Nevada applied to the Northwest As-
         sociation and in 1938 President Hartman was notified
         that accreditation had been granted.

         The September 1, 1953 list of Institutions of Higher
         Education accredited by the Regional Accrediting Agen-
         cies of the United States put out by the National Com-
         mission on Accrediting included the University of
         Nevada.

         The December 2, 1953 list of institutions accredited
         by the Northwest Association included the University
         of Nevada.

         The University of Nevada has not had an institution-
         wide evaluation made since 1938.

     President Stout then recommended that the Board of Regents
     adopt a policy concurring with the plan and spirit of the
     recommendation of the National Commission and the Northwest
     Association.

     Consideration of the recommendation was deferred until the
     afternoon session so that the Regents might attend Rotary
     Club in a body for its luncheon meeting.

The meeting recessed at 11:50 A.M.

The recessed meeting was called to order by the Chairman in the
President's office at 1:40 P.M. with all Regents and the Presi-
dent present.

Reporters Armstrong, Burns, Bennyhoff, Olsen, and University
Editor Laxalt reported the afternoon session.

 8.  Accreditation (continued)

     Further discussion took place concerning accreditation of
     the University of Nevada and accreditation policies and
     developments in general.

     Motion by Dr. Lombardi carried unanimously that the follow-
     ing resolution be adopted:

         Believing that evaluations made by well trained and
         competent people using an accepted set of criteria
         are necessary for the healthful development of a
         University, the Board of Regents request the President
         to take the initial steps necessary to secure a care-
         ful and thorough reevaluation of the University of
         Nevada according to the plans outlined by the National
         Commission on Accrediting and the Northwest Associa-
         tion of Secondary and Higher Schools.

 9.  Mackay School of Mines Report

     Roy Hardy, Regent Chairman, Committee on Mackay School of
     Mines, presented his "Report on Mackay School of Mines and
     Related Organizations", which had been mimeographed and
     mailed to the members of the Board of Regents prior to the
     meeting.

     Dean Scheid was present for this portion of the meeting and
     assisted in the presentation of the report.

     Mr. Hardy's report first showed the organization of the
     Mackay School of Mines and Related Organizations, then
     devoted separate sections to (A) Mackay School of Mines,
     (B) Nevada Mining Analytical Laboratory and (C) Nevada
     Bureau of Mines.

     (A)  Recommendations concerning the Mackay School of Mines
          were submitted as follows:

           1.  Yearly reconsideration of the subjects offered
               be made.  This to insure a sound academic program,
               with courses conducted to meet the demands of
               industry.

           2.  Careful preservation of the Mackay Endowment and
               the Hunt Foundation Funds, with an investment
               policy designed to produce the maximum amount of
               revenue.

           3.  Consolidation and reorganization of the Library.
               This to bring all reference books into one area
               for greater efficiency and accessability.

           4.  Completion of the remodeling of the Mackay School
               of Mines building and the former U. S. Bureau of
               Mines building.  This to utilize more advanta-
               geously the space for classrooms, laboratories,
               offices, etc., and, also, to modernize the facili-
               ties.

           5.  Construction of and equipping a mineral industry
               pilot plant.  This to aid research activities of
               the School and of the mineral industry.  With the
               gift of pilot plant equipment by Basic Refrac-
               tories Incorporated as a nucleus, this project
               should be pushed to completion as soon as funds
               become available.

               This is to better equip graduates to cope with one
               of the problems confronting the mineral industry,
               and to teach economy in operation to meet foreign
               competition and to lower prices for products of
               the mineral industry.

           6.  Installation of course work in Geophysics and
               Geochemistry, with appointment of a Professor in
               each field.

           7.  Installation of course work in fundamental mineral
               economics, and appointment of a mineral economist
               to the Department of Mining.

           8.  Appointment of a full-time Curator for the Museum.
               This to properly catalog existing exhibits, to
               add new exhibits, and to generally put the Museum
               into shape for more efficient utilization as a
               teaching medium, for reference and research, and
               for the general public.

           9.  Retention of the name "Mackay" with reference to
               the School of Mines.  This for the reason that
               the trend among Universities has been to rename
               schools of mines to names more inclusive and
               descriptive, such as :  "School of Mineral Sci-
               ences", "School of Mineral Industries", etc.
               Suggestions have been made to "modernize" the
               name of "Mackay School of Mines".  However, the
               endowments to the School of Mines by Marie Louise
               Mackay and Clarence H. Mackay, wife and son of
               John W. Mackay, famous in the annals of mining
               and especially in Nevada mining, the long associ-
               ation of the name "Mackay" with the School, and
               the further fact that the name "Mackay School of
               Mines" is so well known and revered by all of
               its graduates, that in my opinion, a change in
               the name of the School of Mines would be a mistake
               and decidedly undesirable.  In fact, the name
               "Mackay" has become almost a "trade name" so far
               as the School is concerned.  Many graduates of the
               Mackay School of Mines have brought credit and
               distinction to it and, if any change of name might
               be considered, "Mackay" should always be retained
               in the name.

          10.  Encouragement of high school students of ability
               to prepare for careers in the mineral sciences
               in the Mackay School of Mines.  This to be ac-
               complished by the appearance of faculty members
               of the Mackay School of Mines before high school
               student bodies with a sound publicity program,
               that would outline the educational facilities
               and opportunities in mineral industries for
               graduates of various field of mineral sciences
               offered by the Mackay School of Mines, and with
               printed literature to support the appearance of
               faculty members, as well as list achievements of
               graduates and faculty.

          In conclusion I wish to point out that the technical
          training received by graduates of the Mackay School of
          Mines, for many years, has enabled them to establish
          enviable records in the various fields of the minerals
          industry all over the world.  In order to maintain this
          standing and to keep the School in a competitive status
          with other Colleges and Universities, it is necessary
          for the Mackay School of Mines:  (1)  To be alert and
          vigorous at all times, (2)  To maintain a constant
          program of self-evaluation of all Departments, (3)
          To maintain a staff of outstanding personnel, (4)  To
          maintain up-to-date and adequate equipment in its
          laboratories, and (5)  To maintain a constant check
          on the commercial fields of the mineral industry in
          order to keep courses of study abreast with industry
          demands.

     (B)  Recommendations concerning the Nevada Mining Analytical
          Laboratory were submitted as follows:

           1.  Replacement of the half-time Laboratory Assistant
               with a full-time Assistant.  This for the reason
               that the work of the Laboratory has doubled since
               1944.

           2.  Make available to the Laboratory greater know-
               ledge on modern mineralogy.  This to speed up the
               work and broaden the scope of the activities of
               the Laboratory.

           3.  Employment of a Laboratory Assistant well versed
               in mineralogy.  He would assist in identification
               of unusual minerals and rocks, compile data on
               the many rare and unusual types of minerals, and
               prepare such data for publication, both locally
               and in national scientific journals.  This to
               stimulate interest in minerals in Nevada.

           4.  Establish an orientation of training program on a
               permanent basis.  This to familiarize staff mem-
               bers with work being carried on by the Laboratory
               and the Nevada Bureau of Mines, as well as similar
               agencies in adjacent States.

     (C)  Summary concerning the Nevada Bureau of Mines was sub-
          mitted as follows:

           1.  Has planned and attempted to do more field work
               and to concentrate Bureau publications on scien-
               tific and engineering reports.  This to further
               one of the prime purposes of the Bureau, which
               is to obtain and disseminate new information con-
               cerning the mineral resources of Nevada.

           2.  Has increased the technical staff to build a more
               active and productive Bureau of Mines.  Nevada
               cannot support a large mineral organization, but
               should support a staff of 6 or so technical men
               in diversified fields, in order to efficiently
               execute its responsibilities to the mineral
               industry of the State.  Although considerable
               progress has been made in staffing the Bureau
               with adequately qualified and trained technical
               men, the Bureau should continue its efforts along
               these lines.

           3.  Has acquired some very vital and necessary equip-
               ment to carry on the work of the Bureau.

           In conclusion, mining is one of the major industries
           of the State, and it is vitally important that the
           Nevada Bureau of Mines received appropriations of
           sufficient size to adequately conduct geological and
           mining investigations and to publish their findings.

     In discussion, Mr. Hardy stated that the Mackay School of
     Mines is on the upgrade, but further progress is necessary.

     Motion by Mr. Crumley carried unanimously that the follow-
     ing resolution be adopted:

                              RESOLUTION

         WHEREAS, the Report on the Mackay School of Mines and
         Related Organizations, dated December 1953 and prepared
         by Regent Roy A. Hardy, is a most thorough, comprehen-
         sive and informative report, and

         WHEREAS, this document is and will continue to be of
         great value to the Board of Regents, the President and
         all those responsible for the administration of the
         University of Nevada, and

         WHEREAS, it is obvious that a vast amount of time and
         effort has gone into this report, and

         WHEREAS, this is the first of such reports to be sub-
         mitted by individual members of the Board,

         NOW, THEREFORE, BE IT RESOLVED, that the University of
         Nevada Board of Regents accepts this report, that it
         does take this means of expressing its gratitude to
         Regent Hardy for his meticulous preparation of the re-
         port hereinabove referred to and does further herewith
         commend for for a job exceedingly well done.

     Motion by Mr. Grant carried unanimously that a matching
     original copy of the above resolution be furnished Regent
     Hardy over the signatures of the other members of the Board
     and the President of the University.

     It was unanimously agreed that the report be sent to members
     of the Nevada Mining Association, public and private librar-
     ies in the State, and to Chambers of Commerce in the State.
     It was further agreed that, following next general election,
     copies be sent to the members of the State Legislature.

10.  Investments

     In discussing endowments for the Mackay School of Mines, Mr.
     Hardy suggested that a committee be set up to study the in-
     vestment, not only of the School of Mines funds, but of all
     invested funds of the University.  Following further general
     discussion,

     Motion by Mr. Hardy carried unanimously that a study be made
     of investment of University funds, that a committee be asked
     to assist in this study, and make recommendations to the
     Board of Regents concerning such investments.

     It was unanimously agreed that the composition of the com-
     mittee (mentioned in the above motion) be composed as fol-
     lows:

         Thomas Little, Dean Witter Company
         Harry W. Shelly, Mitchum Tully Company
         W. W. Hopper, First National Bank of Nevada
         S. E. Ross, Chairman Board of Regents
         Minard W. Stout, President University of Nevada
         Perry W. Hayden, Comptroller University of Nevada

11.  Student Union Building

     President Stout presented the latest plans from the archi-
     tects for the Student Union building, and also presented the
     suggestions from a meeting of the overall committee on the
     Student Union building.

     Motion by Dr. Lombardi carried unanimously that the plans
     as drawn, be approved in principle, with provision that a
     sketch of the completed building, as projected, be made by
     the architects and submitted to the Board of Regents.

     Mr. Hardy told of the desire of Mr. Travis, expressed to
     Mr. Hardy prior to his death, that a suitable cornerstone
     be laid in the Student Union building by masonic ceremony.

     Motion by Mr. Grant carried unanimously that, in keeping
     with the wish of Mr. Travis, the architects be notified
     that the University desires a cornerstone for the Student
     Union building in keeping with the specifications of the
     Grand Lodge of Free and Accepted Masons, and that the
     masonic order be requested to conduct the laying of the
     cornerstone at an appropriate time and place.

The meeting adjourned at 4:15 P.M.

The next meeting was set at the call of the Chair.