Word: effecting
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Professor Sabine's argument in support of the statement that the Directors' plan is "not co-operative in effect" appears to question the disinterested- ness of the Directors, as well as the wisdom of the policy which the Directors persuaded the Society to endorse at the last annual meeting. The Directors hold that they should consider not only the rate of dividend declared upon the purchases made by the members, but also the comfort and convenience of the members, so far as the latter depend upon the efficiency of the body of persons employed in the Society's stores...
...probably more sound financially than even the Memorial Hall or Randall Hall Dining Associations, excellent institutions as they are. The Directors now propose that this very successfully managed co-operative organization be discontinued, for the new form of organization is co-operative neither in form nor in effect. It is unfortunate that the co-operative principle should be discredited thus needlessly at Harvard where it may be supposed to exist under exceptional conditions in regard to intelligence on the part of its members, and heretofore exceptional disinterestness on the part of its officers...
...just been said that the proposed plan is not co-operative in effect,--it is obviously not so in form. It is worth while making this clear. The reorganization plan leaves to the trustees, wholly beyond review of the Society, the incurring of increased expenses, and above all the fixing of salaries. The tendency in this direction of the five initial trustees was shown at the last annual meeting. At this meeting the removal of the tailoring department to new quarters with an increased rental of $600 was announced, a suggestion was made for the removal of the main store...
Finally, it may be pointed out that this change does not effect the real purpose of the Society--to save members the profit of middlemen. This saving will be as effectively carried out under the incorporation as in the past...
...CRIMSON of April 25, a notice appeared to the effect that the tennis courts would be open until 7 o'clock every evening and that players using the courts a half hour or less would not be required to pay for a full hour, but for only one-half hour. This change applies to players using the courts after 6 o'clock, but not during the morning or afternoon hours...