can you match it?
TRANSCRIPT
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Leco No . 515 Con-ductometric Carbon Analyzer with Leco Induction Furnace.
Leading laboratories are finding the Leco carbon analysis technique the fastest and surest ever. With the Leco unit, you can analyze to the fourth decimal place in five minutes, using transformer sheet, alnico, titanium, low carbon stainless, ferrochromium, molybdenum, ingot iron, nickel, ferroboron and many other materials.
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Complete details of the Leco Conductoroetric Method, plus information about other great laboratory-tested apparatus to speed and simplify your testing and analysts operations.
L A B O R A T O R Y E Q U I P M E N T C O R P . St. Joseph Qt Mich igan
SOLVENT RECOVERY
PAYS YOJÈ 18Φ PER FOR HEXANE GALLON
Oil processors using the extraction method have found that Hexa,ne solvent, usually 20^ per gallon, costs them only two cents pe/ gallon when they have an Automatic Solvent Recovery System. The two cents is direct recovery cost.
They also find that this savings potential pays for the Automatic Solvent Recovery System in three months time, and as a "plus" completely eliminates the explosion hazard of hexane.
If your business uses volatile solvents, it will pay you to investigate the Barnebey-Cheney Automatic Solvent Recovery System.
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EDUCATION
Can You Match It? Ford's $50-million grant to private schools makes
schools pitch in with at least an equal amount of money
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A LL THE objectives of higher educa--"- tion ultimately depend upon the quality of teaching, says Henry Ford II. Accordingly, the trustees of the Ford Foundation have appropriated $50 million to help accredited colleges and universities in the United States raise their faculty salaries.
Accredited private four-year undergraduate institutions that are not primarily professional or vocational colleges will be eligible for the Ford grants which are in the form of endowments. This includes about 530 colleges. However, it is expected that only between 50 and 100 colleges and universities will be in the program at the start.
Under the Ford plan, colleges selected will have to par the Ford grant, as a minimum. Colleges will be told how much the Ford grant will be and then a matching ratio will be determined for each institution. The ratio will vary from school to school. However, the minimum will be one to one. Probably, the maximum will be three dollars for each foundation dollar.
Colleges must raise the matching money; it cannot come from already existing funds. The entire amount raised must be added to the endowment. This will yield a return at the general rate of between 4 and 4.5%. The principal of the foundation part of the amount cannot be touched; only the income may be used. This restriction does not apply to the matched part of the total, but whether" only the interest or part of the capital is used it can be applied only to faculty salaries.
Soon, the Ford Foundation plans to send a general letter to eligible schools explaining the plan. After this, a special advisory committee will send out a more detailed letter and a questionnaire. The information received through the questionnaire plus unspecified background research and examination by the advisory committee will lead to the final selections. No applications or statements of needs will be considered.
Ford Foundation says it is likely that the recipients will be notified some time in 1956. They will then be given up to two years to raise the matching funds. I t is expected that final disbursements of grants under the program will be completed by the end of 1957.
Impact of the plan can only be seen
once the program is under way. How ever, the fact tiiat colleges have to match the Ford gift may present another good argument for fund-raising. Alumni can be told that by not giving they are not only withholding their own contribution but are also jeopardizing the Ford donation.
State and municipal schools have pirobably been omitted from the Ford plan because they have a tangible source of income. Also, many of them have been able to improve faculty salaries more effectively than private colleges.
Community Colleges Proposed For Florida
A long range program to meet Florida's expanding college enrollment has been submitted to state government officials. The plan, aiming a t 1970, envisions the establishment of IS two-year community colleges and three or four four-year colleges as part of a public higher-education project.
It was based on work undertaken by the Council for the Study of Higher Education, headed by John E. Ivey, Jr. The council was appointed by the Board of Control for Florida Institutions of Higher Learning, governing agency of the three state universities.
The council's report notes that Florida's population expansion in recent years had outdistanced all other states. It added that from 1930 to 1950 college enrollment rose 561%. About 36,000 students are now enrolled in state institutions of higher learning, according to the council, but the figure is expected to be 106,000 in 1970.
The community colleges proposed by the report would be broader in scope than junior colleges. They would provide the standard freshman and sophomore years of college studies and also offer courses in vocational studies suitable to the areas in which they were established.
After having completed community college courses, students could enter four-year state universities for advanced studies. The four-year colleges would largely be supplemental to the community college program and their establishment geared to the advances of the two-year schools.
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