Business School Loses $58,000 by Increase in Costs

Russell H. Hassler, professor of Accounting at the Business School, yesterday attributed the drop in the School's profits--close to $58,000--to increased expenses, and the transition of professors from the War Mobilization Project to the regular faculty.

The Business School's 1951-52 profit of $58,825.29 had dropped to a profit of $961.99 for the 1952-53 fiscal year.

The transferring of professors who worked in the Mobilization Analysis project back to academic work took up a major portion of the difference, according to Hassler.

Increased Dorm Costs

Hassler also blamed the increased cost of running the School's dormitories for the drop in profits. Fire escapes were installed, while costs for maids and other services necessary for the School's maintenance went up.

According to Hassler, the final figure was not surprising, since the School had anticipated the difficulty in switching its faculty around.

"We probably did better than we expected, but that's only because of an unexpected increase in the size of the Advanced Management Class," he added.

Last February increased costs forced a $200 jump in the School's tuition, bringing the cost to $1,000 a year. The $800 fee had been used since 1947, and the increase did not apply to men already enrolled.