News
Progressive Labor Party Organizes Solidarity March With Harvard Yard Encampment
News
Encampment Protesters Briefly Raise 3 Palestinian Flags Over Harvard Yard
News
Mayor Wu Cancels Harvard Event After Affinity Groups Withdraw Over Emerson Encampment Police Response
News
Harvard Yard To Remain Indefinitely Closed Amid Encampment
News
HUPD Chief Says Harvard Yard Encampment is Peaceful, Defends Students’ Right to Protest
Harvard and all 78 other medical schools in the nation will gain sorely needed money every year under terms of a new National Fund for Medical Education, set up yesterday in New York.
Designed to supply $5,000,000 annually to medical schools, the project has the backing of leaders of industry, medicine, backing of leaders of industry, medicine, labor and agriculture; several university presidents, including President Conant; and 12 scientific and educational foundations.
Dean Berry of the Harvard Medical School yesterday explained that at least $40,000,000 more a year is needed to cover medical schools' operating expenses at top efficiency and at current enrollment levels. Former President Herbert Hoover, honorary chairman, termed the present system "woefully inadequate for national defenses."
Harvard Runs Deficits
Even the Harvard med school has been perennially plagued with operating deficits ever since the war, and a "book" surplus was achieved last year only by dipping into capital and applying funds from the Higgins Scientific Trust.
Initial contributions to the new Fund have been made by the American Medical future funds will be solicited from pri-Association and several other groups; vate sources. At first the funds will be split evenly 79 ways, pending discovery of an "equitable" distribution scheme.
President Conant, speaking at the meeting, said, "History will record that this afternoon we have attended the most important meeting in New York City since the end of World War II."
Want to keep up with breaking news? Subscribe to our email newsletter.