The Rice Thresher (Houston, Tex.), Vol. 73, No. 12, Ed. 1 Friday, October 25, 1985 Page: 8 of 32
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SA discusses role in debating Rice investment policy
continued from page /
Casey said the Senate had every
right to speak for the student body
on political issues. ttI think as
elected representatives, we
represent the entire student body.
We are competent to decide on this
issue."
Hanszen College President
Steve Findley said, "By ignoring
the issue, we are making a
statement. And by ignoring the
issue we are rubber-stamping the
Board's decision."
The Senate, by a vote of 14 to
three, with two abstentions,
decided that they would make a
statement addressing the issue of
divestment.
The Senate, although it took a
preliminary vote, decided it would
delay a final vote on the resolution
so that senators would have time to
inform their colleges about it.
In order to better inform the
student body about the issue of
South African divestment, the
Senate will hold a forum on the
subject and plans to invite
Houston Post Editor-in-Chief
Lynn Ashby, Paul Fulks of
Campus Ministries and Professor
of German and Russian Ewa
Thompson.
The Senate will invite Chairman
of the Board of Governors Charles
Duncan to discuss the Board's
statement after it makes a final
decision on the resolution.
President Barry Nicholson
asked the Senate to urge the
members of their respective
colleges not to tear down the
stadium goal posts following
football victories.
He said he had met with Rice
Owls Head Football Coach
Watson Brown to discuss
confrontations between students
and Harris County Sheriff's
deputies which occurred after
games with Lamar University and
Texas Chrisitian University.
The deputies forcibly subdued
some students after they tried to
tear down the goalposts.
According to Nicholson, Brown
regretted the incident, saying he
did not want students on the
goalposts because he feared they
might be injured.
Nicholson also warned that
students' unruly behavior in public
might adversely affect progress on
other issues. "The way a lot of
things go on a lot of things,
including alcohol policy, may
depend on how responsibly
students behave."
Several senators criticized the
Athletic Department for doing a
poor job of informing students
about their policy towards the
goalposts and asked Nicholson to
send a letter of complaint to the
department.
Audit reveals finances sound
by David Friesenhahn
Rice University fared well
financially in the last fiscal year,
according to an audit of its
financial statements conducted by
the Arthur Anderson Company.
The audit represents the
financial position of the university
as of June 1, 1985.
Rice earned a total of
$43,052,000 in investment income,
an increase from the $39,034,000
earned in 1984. Current fund
investment from marketable
securities totalled $27,815,000.
Current fund investment from
wholly-owned corporations was
$50,000, from oil and gas
properties $5,360,000, and from
other investments $2,007,000.
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Realized gains of endowment and
similar funds was $17,147,000.
The university also finished the
fiscal year with slightly higher
revenues than expenditures but did
not do as well as it did the previous
year. Revenues for 1985 totalled
$89,715,000 compared to
$89,672,000 in expenditures. By
contrast, revenues in 1984 were
$84,393,000 while expenditures
were only $78,701,000.
Endowment income accounted
for $35,232,000 of revenues.
Revenues from tuitions and fees
were $15,737,000; from govern-
ment grants and contracts were
$11,445,000; from private greants
and contracts $4,365,000; from
gifts and bequests $5,963,000;
from departmental sales and
services $2,512,000; and from
other sources, $288,000.
Spending for instructional and
departmental accounted for
$30,196,000 of expenditures.
Sponsored research cost
$11,517,000; other sponsored
programs $1,183,000; the library
$3,942,000; scholarships and
fellowships $8,553,000; student
services $2,197,000; operation and
maintenance of Physical Plant
$2,576,000; and auxiliary
enterprise expenditures
$16,827,000.
Rice's endowment stood at
$417,826,000.
The financial statement includes
all assets, liabilities and fund
balance for the university except
for those of certain separately
incorporated but related entities
for which the university is fiscally
responsible.
Rice's assets are administered by
Rice Trust, Inc., a corporation
wholly owned by the university.
Apple wins award
Max Apple, professor of
English at Rice University, has
won the 1985 Harold U. Ribalow
Prize for his book Free Agents.
Apple received the award in a
presentation held in New York
Monday, Oct. 14 at Hadassah
House.
The $500 prize, named for the
late writer, anthologist and critic
Ribalow, is administered by
Hadassah Magazine and honors
the best Jewish-interest book of
the previous year.
Apple, a Rice University faculty
member since 1971, is the Gladvs
Louise Fox Professor of English.
The prize-winning Free Agents is a
collection of essays and short
stories. It received wide national
attention when published last year,
and won the Texas Institute of
Letters Jesse H. Jones Award for
Fiction in 1985.
Apple's previous books include
Zip, A Novel of the Left and the
Right, published in 1978 and The
Oranging of America, published in
1976.
Apple's teaching at Rice
includes a course in creative
writing.
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The Rice Thresher, October 25, 1985, page 8
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Snyder, Scott. The Rice Thresher (Houston, Tex.), Vol. 73, No. 12, Ed. 1 Friday, October 25, 1985, newspaper, October 25, 1985; Houston, Texas. (https://texashistory.unt.edu/ark:/67531/metapth245617/m1/8/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Rice University Woodson Research Center.