KNOX FOR WOMEN A Fall Booklet A Catalogue of Women's Sport Wear by Knox has just come from the press. In it will be found pictured A department which will give prompt and careful attention to correspondence orders is at your disposal. Mrs. MacDougall was graduated in 1893 and taught in the Department of English from 1894-1895. In 1898 she married Captain William Dugald MacDougall of the United States Navy. She has two children, Zilla and Charlotte; the latter is a junior at Smith. She spent two years in the Far East and the family lived in London from 1916 to 1918 and in Paris during the first half of 1918. During those years Mrs. MacDougall did very interesting war work under the British and French Red Cross and the Y. M. C. A. Her home is now in Washington where Captain MacDougall is on duty in the Naval Intelligence Office. In answer to a plea from the editor for her life history Mrs. MacDougall answers, "I've taken no degrees and held no offices." That may be true, but we know that she has served as vice-president of the Alumnae Association; has been on the Alumnae Council; and was a charter member of both the Syracuse and Washington Smith clubs, and we wish her all success and pledge her our cooperation during her term as President of our Association. The Smith Alumnae Quarterly VOL. XII NOVEMBER, 1920 No. 1 Entered as second class matter at the Post Office at Concord, New Hampshire, under the Act of March 3, 1879. A NOTE ON COLLEGE FINANCES The QUARTERLY considers this brief article one of the most important that it has ever published. Never before has a president of the College discussed so frankly with the alumnae some of our financial problems. The President feels that the alumnae have distinctly earned the right to know how the College stands financially; and, while appreciating the compliment he pays us, we fully realize that in claiming the right we must hold fast to the responsibilities which the right entails. On page 49 of the current issue will be found the letter of thanks sent by the Board of Trustees to every alumna and non-graduate contributor to the Four Million Dollar Fund, together with a detailed statement of the expenditures made with the cash already n hand on October 15. The campaign so gloriously concluded at last Commencement made the alumnae and friends of Smith College familiar with certain important facts egarding our finances. Like almost all educational institutions, we found ourselves at the close of the war facing a grave situation with regard to the faculty. For years teachers had served the American colleges for salaries which were n many, probably in most, cases far below the market value of their ability, out which, with careful management, had sufficed to sustain them and their amilies in decency. Suddenly it was realized that these salaries would no onger do this, the supply of young teachers fell off abruptly, and many of the nost energetic older professors were tempted into industry and commerce. Campaigns to save the situation were started none too soon, ours in the nick of time; and such were the energy and loyalty displayed by the Smith alumnae hat on the first anniversary of the day on which they fixed their goal at $4,000,000 they had obtained pledges $44,000 beyond, and had reported actual collections of $1,363,559.79. On this basis the Trustees declared the following cale of salaries: Professors.. Associate Professors. $3,000 to 4,500 2,300 to 3,000 1,800 to 2,500 1,200 to 1,800 This gives us a maximum well ahead of our sister colleges; and though the ewards of teaching at Smith are hardly princely even now, it is again possible or our teachers to go on with their work without excessive anxiety over the amily budget. When the balance of the fund is collected and in part invested n rent-paying dormitories, a further advance may be expected, and a larger proportion of the faculty will obtain the maximum salary of their grades. It may be of interest to give the sum total of the salary budget for the last eight years: Not all of this increase has gone for higher salaries, for in these years the number of teachers has increased as follows: Since the campaign was first planned certain things have occurred which involve a modification of our building program. The division of the $4,000,000 originally planned was as follows: But in the $4,000,000 as pledged was included $500,000 contributed by the General Education Board to be added to $1,500,000 for salaries. This transferred half a million from the building side to the salary side. More fatal to our dreams than this is the effect of the rise in the cost of building. Northrop and Gillett cost about $75,000 each, and we calculated, eighteen months ago, tha: we could build the new dormitories at $100,000 each. To-day they would cost nearer $200,000 each. It is easy to calculate that, were the whole fund in hand now and we were to build at once, we could build only about eight instead of fifteen dormitories, and less than half the academic buildings proposed. I: relieves us of some perplexity that the fund will not be fully paid in till 1924. so that we have time to see what the trend of building prices is to be. Meantime we are seizing what opportunities offer for relieving temporarily the pressure for campus rooms. The most important measure so far taken is the purchasing of the houses owned by Miss Maltby and Miss Look at the corner of Elm Street and College Lane, thus adding rooms for about seventy students and adding to the campus a piece of land which was ours by manifest destiny. |