Page Pour GRAHAM & SONS Established 1896 We did not make a New Year's resolution. For years it has been our aim to treat our friends, enemies, creditors, competitors, and ourselves absolutely fair and we are going to keep to it during 19272 A. A. ACCOUNTS SHOW $779.89 BALANCE OVER 1926 EXPENSES The annual financial statement of tins Athletic Association accounts for the fiscal year ending June 30, 1926, audited by Patterson, Teele & Dennis, of New York City, is herewith sub mitted• The two main sources of income ero from Football $llB, 95886, and from the student athletic association membership fee $50,715.95 Other income recrosed from guarantees and gate necenpts from sports other than football eras $lO, 28850, and from miscellaneous sources $533 70, making n total gross yearly income of $179,- 996 99. The expenditure for main tenance of Athletic Fields and Var sity Hall was $21,542.24, Catering de partment loss $1187.06, band uniforms $799.75, bond and insurance premiums 0712 46, general association $21,683.21, and department of sports $133,292.39, making a total gross expenditure for the year of $179,35792. The excess of income os cr expenditure was $779 89. During the period there was en pendcd for nos development so ark $4, ,i4O 24, of winch the cost of the con =Et =Mil For period August 31. 1 Rms. 4110,43. Spor 1..1.4111 Tk tek Itvvel,nll Itnaketknll V. nit' mr 110 ne $129.747 36 $133,292 39 SUMMARY OF INCOME AND EXPENSE SCIIFIRILL II Income Student Pees Miscellaneous Lsnenditures Net. deficit Snorts Main Athletic !Adds Main Vorsits 11.11 itU t a l trnkgs L"' Ilnnd S. Ins Premiums Genet,' Association Total Net Eznendttures Balance Ex of Income eVef penditures SURPLUS AND DEFICIENCY ACCOUNT E I=3 SCIILDULF. C Lome,. of Income clot Expenditures from Aug 31. 1925 to June 30 1926 Cost of new dmelooment chareed off Now Floorlischts Concrete Tennis Court (incomplete) !Mit it for ten months untied June so. MG Deficit at na¢un 31, 1925 LOST—Wnile gold Elgin patch. Highly valued as a keepsake Will finder kindly notify J. K Rankin, Delta Sigma Flu house. It-p WANTED—Two women would like uoik ni hateinity, one as cook and one as upstairs girl Call Lewis town 221-W or write Mrs. Alice Tod, 336 S Mayne A‘enue, Lavas inns, Pa It-p LOST—A gold pendant caring, be tacen Cathaum and Alpha Sigma Phi house by nay of Allen Street and Nittuny. Finder please call 175-M. ltp Let us frame that Portrait you got for Xmas All Prices All Sizes THE MUSIC ROOM BIG JANUARY SALE SCHLOW'S QUALITY SHOP Elmator to Success Is Not Running, Take the Stairs It is suipiising how often we take the hardest way to do a thing when we ate looking for the easiest. Sten ogiaphmw, bookkeepets, thoughts seen, attorneys and hankers are us ually confined to neat weak which is sexy fatiguing They would he surprised how much better they would feel when the day's well, is finished if they would went a pan of rest glasses fitted by our op tomett Consultation Fiee—Pines imamate EVA B. ROAN, o. 0. 01lite hours—State College, Mon. cieto tennis courts, pmtmlly complet ed was $2111.84, and the new flood ! lights on New Braver Field $2198 40. The total deficit for the year ending June 30, 1926, was $3,96035, which together with the deficit from the pre vious year of $174184, showed the association deficit at June 30, 1926, of $5,30219 Football showed a surplus of $40,- 397.28 as compared to 048,995 29 of the previous year. All other sports reported a deficit with track leading with the net deficit of $12,989 15; Baseball 08,689.76; Basketball $5,- 250 65; Wrestling $4,10883; Lacrosse 04,01199; Boxing $3,54864; Soccer $2,851.58; Tennis $1,371.62; Golf $l,- 370.77, and Rifle $l4O 32 Their total combined deficit is $41,942.31, which is nearly balanced by the surplus of football. In view of the deficit in AssociaLon funds for the year, no payment could bo made to the Emergency Building Fund, of which 060,000.00 remams un paid of the Association original $lOO,- 000.00 pledge. 1025 to June 30, 1026 sets Expenses het Deficit hew Surplus • 8 86 378,061.50 340.397 28 3 SO 14,052 GI 512,05 9 15 9 75 10,259 51 8,689 70 559 7 016 15 5 250 55 750 6 176 OS 4 108 83 0 00 4 708 us 3,548 64 .000 4 911 99 4,61191 1 60 3,508 08 2,661 US • 5 00 1,666 62 1 171 62 9 7 411 77 1,110 77 1",10910 2,141 54 11,340 24 FOR RENT-2 N cry desirable rooms for rent 210 South Atherton St It-p. '~: .. How about an •`•• ALARM CLOCK + from + Y X CRABTREE'S To make chapel on •k i time. GERNERD'S JANUARY CLEARANCE SALE 20 per cent off Cleaning, Pressing, Repairing "YOU CAN GET IT AT METZGER'S" For real exercise try Fencing. Foils $4.50, $6.00, $7.50 per pair. Masks $3.50, $4.25, $4.50 HAND BALLS AND GLOVES Sweat Shirts $1.35, $1.50 and $2.00 Basket Ball Shoes $1.75 to $7.50 L. K. METZGER - - - 111 Allen SCHOOL OF CHEMISTRY RECEIVES FELLOWSHIP Rockefeller Finances Petroleum Investigation—W. B. Shirey Directs Work Here An American Petroleum Institute Fellowship has been conferred on the School of Chemisti y and Physics by the National Research Council. John D Rockefeller, Jr , has do nated five hundred thousand dollars to be spent during five years for the investigation of problems of the pe troleum industry, part of winch Is to bo spent at Penn State under the di rection of Mr. W. B. Shiley, formerly a professor of chemistry at Lehigh unnersity and now a graduate assist-. ant in chemistry at Penn State. Mr Shirey has already started work on tho study of the metallic constituents of petroleum Various rare metals are known to be present in petroleum ash, so the Investigation to find out whether met als of commercial value can be ob tained from petroleum involves the important possibility that these rare metals have acted as catalytic agents in the formation of petroleum from decaying vegetable and animal -mat ter If this is found to be a certainty the discovery of these metals will as sist in the artificial production of petroleum. Grapplers Begin Work Under Coach Spiedel (Continued from first page) ficiently to allow the large squad to work freely. This alteration also will help the physical education class es in wrestling materially since this sport is meeting with increased far or among Penn State students It is the Intentron of Coach Spredel to work with the entire squad daily, and then to meet separately with the various divisions in order to choose a epresentative team more easily. Doctor Martin Reads Paper at Conference Professor P J. Tschan, J E Gilles pie and A. E Mat tin of the history de partment attended the meeting of the American Historical association at Ro chester, Non York, December twenty eighth, twenty-ninth and thirtieth Doctoi Martin presented a paper on "The Exploitation of State History" before the "College and Research" conference of the association KNOX CAFE The favorite rendezvdtls for those who want, GOOD FOOD BOSTONIANS Famous Shoes For Men . . • Shoes of Merit from $5 to $lO Basket Ball Keds—Arch Supported—Non Skid BARGAINS IN WOMEN'S SHOES SEE OUR BARGAIN TABLE COLLEGE BOOT SHOP "The Place to Buy Shoes" 125 Allen St.—Next to Whitey's A. C. LONGEE THE PENN STATE COLLEGIAN Heating Engineers To Hold Convention Here (Continued from first pnge) ft. L Sackett, of the School of Engin eering and Prof. J. 0. Keller, head of the department of engineering ex tension, will give short addresses. These wall be follcnved by a discus sion of electric heat development by Wirst S. Scott, special represntative of the .industual department of the Westinghouse Electric and Manufac luting company of Pittsburgh. Prominent Speakers Pat Dwyer, engineering editor of 7'he Found; lb a publication of the metal industries, will trace the eves lotion of the foundry industry at a banquet at the University Club on Thursday evening. Mr. Dwyer is well known for his human interest stories on engineering topics. Other speakers will be H. E. Mar tin, assistant metallurgist of Dodge Brothers, Inc., Detroit, Michigan; A H. d'Arcambel, chief metallurgist of Pratt and Whitney company, Hatt ford, Connecticut; J. P. McGill, chief metallurgist of the Vanadium-Alloys Steel company, Latrobe, Pennsylvan ia; and C. Adams, engineer of the Ajax Metal company, Philadelphia. Dinners and lunches will be ten dered the visiting engineers at the University Club, while all business _ . sessions will be held in Room 200 En gineering D, according to R. S. Reins, of the department of engineering ex tension, Ivlio is arranging the details of the conference A small fifty pound elechic ladle furnace loaned by the Pittsburgh El ectric Furnace company will be ex hibited at one of the business meet ings. WANTED—PoItIon as second morl: In a Fraternity Call at 214 E Nlttany avenue Phone 310. lti, LOST—Black travelling bag, in or near Center Hall on Friday night, December 17. Please return to Geo. R. Anderson, 311 Burrowes Street, State College, Pa Liberal reward. 2 t - p. For Service, Comfort and Economy Burn the Genuine Anita Punxsutawney Rusty Coal For Sale at PHIL FOSTER COAL YARD Phone 114411 Colleges Adopt New Boxing Regulations (Continued from first page) helper into the ring only when the referee thinks it necessary. In addition to adopting the rules of the national body in full, the associa tion announced that the annual inter collegiate tournament will be held at Syracuse on March twenty-fifth and twenty-sixth. Invitations to partici pate will be extended to Army, M. I. T and Virginia, who are non-mem bers. Scoring will be based on in dividual performances, the champion getting five points, the runner-up three and the third place winncl, one. It was also announced that Colgate. .hich usually sends a strong team to the intercollegiates, will not be able to enter a team this year since it has lost its coach. FOR RENT—Room for two in my home, 210 East Highland Avenue, two blocks from Campus. Prof. J. H. Frizzell, Bell 17441. 21-p. LOST—Brown Handbag containing blue suit and other clothes, in front of Bon Mot Restaurant in Bellefonte Monday about 3.30. Return to G F. Patterson, Phi Lambda Theta. It-p. : 1 : FIREPLACE WOOD 14 COAL j: State College Fitel&Supply Co. z: Phone 35-111 THE GILLILAND DRUG STORE WHY not take care of yourself? Guard yourself against c old s and cougbs. Use Gilliland's Antiseptic So lution. RAY D. GILLILAND 'Whitey Musser's Pre-Inventory Sale January sth to January 15th ~ Clothing Hats . • Furnishings 25 per ct. to 50 per ct. Reductions • Meet Your Friends at Whitey's - - New President Takes Chair at Penn State (Continued from first page) Judge 11. Walton Mitchell, president of the board of trustees; R. 11. Smith, comptroller; and Deans It. L. Sack ett, It. L. Watts and C. W. Stoddart. At the last meeting of the College Senate, a vote of appreciation was given to the committee by that body for its efficient seivices during the past year and a half The members of the faculty with then wives will have an opportunity to meet Piesident and Mrs. Metz el at a reception which will be held on Thursday night in the Womens' GEO. L. SMITH Barber Shop and Ladies Parlor PHONE 451 Recreation at the proper time is an aid to study. VISIT THE State College Billiard Parlor ALLEN STREET 2 .:_:_x_x_...:...................:÷:±:÷.......:_:_:_ i -4: -4 x MAX -IS BACK : A i :=.: • AT .: :4:• The Blue . Moon Restaurant :1 .. :1. 4: Unquestionably the finest chef who -• * ever came to State College, Mr. von .: der Horst is again back in the harness 1 and he assures you a well prepared 1 '! .• meal of the finest foods at popular :1: ..: prices. ~ * , , * .: Friday, January 7, 1927 WPSC, College Radio Station, is Re-opened (Continued from first page) ly every Monday and Wednesday ev enings, beginning nt eight o'clock eastern standard time. The Monday night programs will be prepared es pecially for Pennsylvania farmers and gardeners, while the Wednesday night programs will be devoted to ed ucational and industrial subjects. Within a few weeks, broadcasting of basketball, wrestling and boxing con tests will be inaugurated. Station WPSC is adhering to its assigned wave length of 261 meters end will broadcast with a power of 250 watts