Proceedings of the Board of Regents (1939-1942)

404

SEPTEMBER MEETING, 1940

From Typothetae-Franklin Association, Detroit, through Mr. Cyril Means, the
financing of the publication of a booklet entitled "Historic Examples of
American Printing" for the Clements Library; also 2,500 copies of the
publication for the Clements Library
From the Upjohn Company, Kalamazoo, $100 for the investigation of Stilboestral
under the direction of Dr. Norman Kretzschmar
The Secretary filed notice of the following provisions in the will of
the late former Regent James O. Murfin (p. 375). Under paragraph 2
Judge Murfin provided for the establishment of a trust fund of
$40,000, the income therefrom to be paid to his cousin, Mrs. Eliza
A. Ash, of Los Angeles, California, as long as she shall live. On her
death the residue of the trust is bequeathed to the University under
the following provisions:
At her death I bequeath the same to the Regents of the University of
Michigan, the income from which is to be used by them as a loan fund for needy
and deserving male students. It is my wish that the Regents of the University
of Michigan use the income of this fund to be loaned, under their supervision,
direction and regulation, to such deserving male students who otherwise would not
be able to acquire an education. I, naturally, do not wish this income devoted
entirely to boys of athletic ability, nor do I wish any boy because he has athletic
ability to be denied the facilities of this fund. It is difficult to express in concrete
language my views as to how I would like to have this handled. I am willing
to leave it to such rules and regulations as the Board of Regents of the University
of Michigan may from time to time prescribe. I hope, however, that the
administrators of this fund will always bear in mind my frequently expressed
views as to the difference between a boy who goes to college and the boy who
is sent to college; the one I want to help, for the other I have very little use
Under paragraph 3 of his will Judge Murfin bequeathed his entire
law library to the University. Professor Hobart Coffey, Law Librarian,
filed a statement to the effect that a conservative estimate of the
monetary value of Mr. Murfin's law library would be $2,500.
These bequests were accepted by the Regents in accordance with
their terms and conditions and with an expression of gratitude for the
benefaction.
The President placed on record the third and fourth clauses from
the will of the late Effie M. Griffith, together with comments as here
recorded (R.P. 1936-1939, p. 779):
Third: All of the rest, residue and remainder of my estate, wherever situate,
I give, devise and bequeath to The Regents of the University of Michigan, a Constitutional Corporation, for the following uses and purposes, that is to say:
(a) I desire that there shall be created a scholarship known and designated
as the "Joseph and Esther Griffith Memorial Loan Scholarship." The scholarship
thus created shall be administered by The Regents of the University of Michigan,
as follows:
(1) The principal and the income from said fund and all proceeds derived
therefrom to be loaned by the said The Regents of the University of Michigan
in reasonable sums of one hundred dollars ($100.00) or more, to any one person,
to women students in the College of Literature, Science and the Arts, in the Law
School or in the Medical School of said University, who have reached their
junior or senior year and who are doing work along economic, civic, sociological
and scientific lines.
(2) All loans made are to be evidenced by the notes of the borrowers, which
notes in every case shall be made payable to the said The Regents of the University of Michigan.
(3) The rate of interest and such other matters pertaining to such loans shall
be left entirely in the discretion of The Regents of the University of Michigan.
Fourth: I hereby nominate and appoint Alexander G. Ruthven, President of
the University of Michigan, Ann Arbor, Michigan, or his successor, executor