PSU gets $5.6 million bequest
By KIM BOWER
Collegian Staff Writer
The University said it will receive a gift of $5.6
million from Homer F. Braddock, Class of 1906, who
died on March 21. The gift is the largest single bequest
in Penn State history.
James Rhodes, director of planned giving, said, '
"We've known for quite some time that Mr. Braddock
was planning to leave something to the University.
Exactly what was not clear to us, but we knew that
there would be a sizable gift to the University."
He said the Office of Development had an idea the
donation would be for at least $1 million but they did
not know how much more.
"It came in larger than we thought it might," Rhodes
said.
According to the terms of Braddock's request, most
of the money will be used for scholarships in the
College of Science, although Braddock graduated in
engineering.
Rhodei said the money is now in two places. Part is
in two trust funds established at Mellon Bank in
Pittsburgh and the other part is in a trust in a bank in
Denver, where Braddock had his home. His estate also
will go into the trust in Denver, he said.
The monies received from Pittsburgh will be used for
scholarships in chemistry, physics and biology, and the
monies from Denver will be used for pre-medicine
scholarships, Rhodes said. He added that scholarships
have been interpreted to include grants-in-aid and
graduate fellowships.
Braddock "felt that chemistry and physics, in
White House to issue report
of Soviet arms violations
By BARRY SCHWEID
AP Diplomatic Writer
WASHINGTON The White
House plans to issue a report
within a week accusing the Soviet
Union of repeated violations of
nearly a quarter-century of arms
control agreements with the
United States, congressional and
administration sources said
yesterday.
The report, prepared by a
presidential advisory committee,
is likely to contribute to the
campaign debate over President
Reagan's methods of dealing with
the Soviets and the lengthening
suspension of negotiations
between the two sides.
Reagan, stressing the difficulty
of verifying Soviet compliance,
has taken a skeptical stance
toward dealing with Moscow. The
Democratic challenger, Walter F.
Mondale, has urged a new effort to
work out agreements aimed at
curbing the nuclear arms race.
The report was submitted to
Reagan last November by his
General Advisory Committee on
Arms Control and Disarmament
(GAC) and kept secret.
Conservative Republican
members of Congress have urged
its release to bolster their claims
that the Soviets are threatening
U.S. security interests.
"The release of the GAC report
is in fact a vital necessity to rebut
the 1984 Democratic platform on
arms control," Sens. John P. East,
R-N.C., and Steven D. Symms, R-
Idaho, wrote to Reagan Saturday.
Otherwise, they said, "the
Carter-Mondale coverup of Soviet
violations of SALT I and H
the
daily
particular, were very important to his success,"
Rhodes said.
The University has already received $55,000, the
unrestricted portion of the gift, and has an established
procedure for determining how unrestrictediunds are
to be used. Rhodes said he is unsure if any decision'has
been made.
Thomas Wartik, dean of the College of Science, said
the gift gives the college an "enormous advantage" to
offer endowed scholarships for excellent students
because he knows of few universities that have
endowments of that size.
"To say we're . elated is putting it mildly," he added.
' The college is beginning to receive parts of the
money and some will not be available until later this
year, Wartik said. The estate must be sold and the
money added to the trust fund, which is a complicated
process, he said.
According to a news.release, Braddock was born
Nov. 11, 1883, in Mount Pleasant. He was the
University's oldest living alumnus at the age of 100 and
was the last surviving member of his class.
After receiving a bachelor's degree in mining
engineering, Braddock worked for a number of
companies, including Consolidated Coal, Jamison Coal
Co., Arthur D. Little and the Bureau of Mines.
He and a friend developed new techniques for -
producing TNT in 1914 and organized the National
Chemical Corp., which was dissolved after World War
I. He moved to Denver in 1926.
Braddock was a charter member of the Mount
Nittany Society, which recognizes the highest levels of
individual giving to the University, and was a member
of Sigma Nu Fraternity.
remains in effect and has not yet
been fully revealed."
Reagan informed Congress in
January of seven claimed or
probable violations of six
agreements, including the 1972
and 1979 Strategic Arms
Limitation Treaties (SALT). The
report adds 11 others, beginning
with violations in 1961 of a U.S.-
Soviet moratorium on nuclear
weapons tests in the atmosphere,
said a congressional source.
Other agreements the advisory
committee found to have been
breached over the years,
according to the sources, include a
Soviet commitment in 1962 not to
send offensive nuclear weapons to
Cuba; bans on chemical and
biological weapons; the 1975
Helsinki agreement, and a pledge
by the late Soviet President
Leonid I. Brezhnev in 1982 not to
add to the Soviets' array of SS-20
intermediate-range missiles
trained on western Europe. All the
sources spoke on condition they
not be identified.
The principal findings will be
made public, probably next
Monday, when all mmebers of
Congress are provided with the
full report. According to the
sources, the State Department
was opposed to disclosure because
of the potential effect on already
poor relations with the Soviet
Union, but Robert C. McFarlane,
the president's national security'
adviser, argued for release and
prevailed.
Additionally, later this month,
Reagan will submit another report
to Congress elaborating on his
January message, the
congressional source said.
olle • ian
Mondale proposes $B5 billion tax hike
By DAVID ESPO
Associated Press Writer
PHILADELPHIA Ina major
campaign gamble, Walter. F.
Mondale proposed $B5 billion in
higher taxes yesterday as part of a
$177 billion deficit-reduction plan,
and challenged President Reagan
Comparison _of the Budget Deficit,
Reduction Packages
• .•
• .. i
•• • . ..!...•.•... •
• ..• • . • • • •.•.. • •... • . • • . ..& • • t • . ....~~ •• •
1985
1886
1988
1989 •-•••••••••••••••••:•-•.:•-••;••••••;•
••••••••••••
to "stop avoiding the deficit issue."
"You can't hide your red ink with
any more blue smoke and mirrors,"
the Democratic presidential
candidate said as he unveiled a plan
that also proclaimed a "pay as you
go" policy for new spending or
future programs.
The deficit would fall from a
Reagan
Mondsik.
150
Billions of Ckillars
Tuesday, Sept. 11, 1984
Vol. 85, No. 44 16 pages University Park, Pa. 16802
Published by students of The Pennsylvania State University
©1984 Collegian Inc.
projected $263 billion to $B6 billion
by the end of the 1989 fiscal year
under the plan.
He said his blueprint would have
an "excellent chance of gaining
support of the Congress."
"Mr. Reagan, all my cards are on
the table face up. Americans are
now calling your hand," Mondale
said at a news conference that the
campaign made available to
television and radio stations around
the country via satellite.
Reagan, asked for his reaction
during a photo session, said the
Mondale plan was "nothing new."
Asked if he would present his own
deficit-control plan, Reagan said,
"I think I've said it more
specifically than most other.
administrations in all the things
we've been trying to do since 1981."
Mondale's plan calls for $B5
billion in higher taxes, much of it
collected from wealthy individuals
and corporations, but the money
would be set aside in a special fund
to reduce the deficit, "not (for)
increased spending or new
programs."
The plan includes a net of $24
billion in spending cuts $54 billion
in cuts partially offset by $3O billion
in restoration of some of Reagan's
budget reductions.
The cuts include $25 billion from
Reagan's defense buildup; $l2
billion from a plan to hold down
health care increases; and $4 billion
from farm programs.
The $3O billion in add-ons would
go for programs such as education,
the environment and school
lunches
The balance of the deficit plan
envisions savings of $5l billion in
lower interest costs on the national
debt, the result of a presumed
decrease in interest rates, and
another $l7 billion resulting from a
healthier economy.
Interest rates are projected to fall
from 10 percent on the 91-day
treasury bill to 8.9 percent in 1989.
In all, Mondale's plan would trim
$177 billion from what the
Congressional Budget Office
estimates would otherwise be a
deficit of $263 billion.
The Reagan administration says
the actual deficit would be much
lower, and Reagan himself gave his
answer to Mondale's call for higher
taxes even before the details of the
plan were unveiled.
"Raising taxes is an old answer,"
the president said at a campaign
appearance on Sunday in
Doylestown, Pa., about 25 miles
north of where Mondale spoke.
But Mondale said Reagan was
trying to "save all the bad news
until after the election."
"Mr. Reagan hopes to get by this
election by trying to tell the public
something they know is not true,"
he said.
"And that is he doesn't intend to
raise taxes. Well, if he doesn't
intend to raise taxes, what's he
going to cut?
"Is he going to eliminate Social
Security and Medicare? Is he going
to eliminate urban programs? Is he
going to dump all environmental
programs? Is he going to drop
student loans and educational
assistance?"
Mondale said his budget plan was
"the most detailed and specific plan
any candidate for president has
ever advanced."
As such, it represented a major
gamble for a candidate already
trailing in the polls.
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Students with health concerns
will soon be able to turn to a
self-help clinic in Ritenour
Health Center for easily accesi
ble information Page 2
Landmark Savings Association
will open a new branch office at
116 E. College Ave. to provide
banking services to the busi
ness, consumer and student
communities, the vice president
of community banking and mar
keting said yesterday Page 3
weather
Cloudy today with the chance of
a shower. High of 75. Showers
still possible tonight with a low
of about 60. Mostly cloudy skies
tomorrow with a chance of a
shower. High near 70.
by Dan Zimmerman