Crimson Key Members Give Profits Toward Dance Fund

Three cabinet members of the Crimson Key have decided to leave their profits from the All-College Weekend in the Key treasury to give next year's dance committee advance financial backing, John T. Hazel '51, chairman of the dance committee, revealed yesterday.

Although the exact amount of this year's profits is not yet known, Hazel estimated that the total, including gifts, would run "somewhere in the low hundreds."

When the Key originated plans for the dance, it was unable to get financial backing because there were no official funds available and potential backers thought the investment too risky.

The six members of the cabinet then put up a total of $1200 with an agreement that if a profit were realized there would be a dividend of $10 for each $100 invested. After the dance the three men contacted Hazel and told him that they wished to leave the money in the treasury for future dances.

Hazel said yesterday that although the profit from this year's dance was very low, the committee was "more than satisfied" with the results. "When we started out it seemed a big risk, but we believe that the College's reaction shows a definite demand for the affair to be continued every year."

According to Hazel the greatest contributing factor to the success of the dance was the "name" band. "Having Charlie Spivak made it more than just an ordinary dance," Hazel said, "and next year we hope to get an even bigger band."