Word: investments
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Dates: during 1910-1919
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Last spring the Red Book borrowed $700 of the Class Fund and of this amount $460 has already been repaid, leaving the Sophomores a balance to draw from in case it is decided to invest more of the funds in the third Liberty Loan, although the cost of the recent smoker will necessarily lessen the balance to a certain extent...
...that only last February, England, with a population and a national wealth less than one half our own, and weakened by two and a half years of war, cheerfully subscribed to an even greater sum. The average American has not yet reached that point of patriotism where he will invest all his savings in government bonds, while the present state of the stock market, lowered to panic level by vast liquidation of British collateral, offers him a chance to buy some gilt-edged security at an unusual bargain. In reality he is defeating his own ends, as should the loan...
...course it is idle to rant about failures save where they may be redeemed. This apparent failure may be redeemed. Those men, leaders of the community, who have pledged so freely and yet so wisely their wealth to their nation by investing all they could in the liberty bonds, have raised a distinguished example. The less opulent men of New England, noted for their money canniness, may well follow. Surely in no wiser way may they invest their savings. Surely in no safer way may they make good their patriotic promises...
...determined exactly how much money the class will be able to invest, as outstanding obligations must first be met. The plan at present is to buy bonds of the smaller denominations, so that they may be sold whenever money is needed...
...aiding needy students in pursuing those subjects. The request is made that the name 'Gordon McKay' shall be permanently attached to the purposes for which the income is expended. There is no requirement that the income shall be expended for any particular department of the University, but Harvard must invest and care for the principal of the fund, expend the income and carry out the purposes of the trust. It may not delegate these duties to any other institution, and the principal question is whether it has done so by the Agreement with Technology...