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QUAKER CAMPUS Volume LXXX, Number 19 ^— —^ March 10,1994 | Informing Whittier College for 80 Years March 10,1994 College to Receive $1 Million Over Ten Years From Sale of Thrner Casting Corporation MEWS INSIDE THE Behind the Scenes at the CI Read about how the Campus Inn really works behind the scenes and where exactlyyour food dollars go. Pg.6 yiEWPOINT Poet Athletics Why is it that attendance is low at sports events? What is the role of student athletics on our campus and what should it be? Pg.3 FEATURES Students Travel to Japan to Sing Whittier College students say sayonara to America as they travel to Japan to sing in a goodwill concert. 1 AAV. Pg'7 Virtual Mystery Opens Tonight Whittier College Theatre presents Virtual Mystery, a comic mystery, which was written and directed by Jack de Vries. Pg.10 SPORTS Lacrosse Wins Again The women's lacrosse team won twice over the weekend to remain undefeated in WWLL, while themen's team won twice at Berkeley. Pg.16 ■HI Aiyn WrobdAJC AmL Sports Editor Sophomore Wendy Newman rushes down field. by Andy Markowitz QC Managing Editor Vice President for Business and Finance Harold Hewitt, President James Ash and Board of Trustees members Ray Dezember, Ernie Park and Bob Bailey completed the sale ofthe Turner Casting Corporation, which was formerly a College assent on Thursday, March 3. The Turner Casting Corporation, which was part of the gift left to the college by the Wallace Turner estate, was sold to Consolidated Foundries Inc. The two main parts of the Turner Casting Corporation involved in the sale were the 4.6 acres of land which the business sits on and the business itself. The business was sold for $200,000 and thelandwasleased for $800,000 over ten years. There were no restrictions set on the gift by the Turner Estate, therefore it is up to the Board of Trustees to decide what the money will be used for. "The money will most likely be invested into the endowment,"said Hewitt. However, President Ash said he does not know where the the money will go. 'lean not make any speculation about what the money will be used for unitil all of the proposals come in to be evaluated," he said. The Turner Casting Corporation is an aluminum alloy sand casting company that makes engine parts for Air Force jets and some commercial airlines. The main reasons for the sale of the company were the declining state of the defense industry and it would be in the best interest of the Turner Casting Corporation if it were run by someone other than the college. The fact of the matter is that colleges were not designed to run businesses," said Hewitt. "When we received Turner Casting it was not in selling condition," said Hewitt. The college maintained the company and got it into selling shape. Although the College had always intended to sell the Turner Casting Corporation plans had to be accelerated to accommodate the sale Hewitt said. The school originally wanted to keep Turner Casting Corporation longer to make the maximum amountofmoney from it. The sale was not expected to take place until at least January 1995 or 1996. "We wanted to keep faith with Wally Turner by selling Turner Casting to a trustworthy company that would run it correctly "Hewittsaid. "Inother words we wanted to avoid selling to a person who would just break up Turner Casting and sell off all the little parts," Hewitt continued. Turner Casting Corporation is a foundry and the buyer, Consolidated Foundries Inc., already operates foundries in California. As part of the sale, Turner Casting Corporation was subjected to a phase two environmental inspection, which entails taking soil, air and water samples, and was found to be in compliance. The Turner Casting Corporation is the second portion of the gift given to Whittier Collie by Wallace Turner. The first part was $1.2million in cash which was primarily used in the constructionof Turner Residence Hall. Also included in the second part of the gift were a house locatedin Montebello, California, a ranch in northern San Diego County and a parcel of land in Kem County. <4~ SPORTSFEST '94 ^|~ J Schedule of Events S Thursday, March 10 9 a.m.-3p.m. 5 p.m.-6p.m. Session I 7p.m.-10p.m. Whittier Hunt Opening Ceremonies Backgammon Scattergories Pictionaiy Soccer Friday, March 11 9a.m.-2p.m. Session II 7 p.m.-10p.m. Blood Drive Video Games 9-ball Table Tennis Foosball College Bowl Saturday, March 12 Session III lp.m.-4p.m. Session IV 7p.m.-10p.m. Sunday, March 13 Session V 9a.m.-12p.m. Racquetball Swimming Tennis TMysteiy Event? Basketball Track Football Session VI lp.m.-3p.m. 5p.m.-7p.m. Volleyball Softball The Sleaze Obstacle Course Tug-of-War Closing Ceremonies $1.5 Million Endowment Latino Scholarship Fund Created, Named for Ortiz by Aurelio Alba QC Staff Writer The creation of a $1.5 mil- lion endowment scholarship fund for Latino students in honor of Martin Ortiz, Director of the Center ofMexican-American Affairs, was announced by President James Ash on February 26. This is the first scholarship at Whittier College to be named after a Latino figure. The funds will be raised as part ofthe new five year Capital Campaign undertaken by the college. $210,000 has already been pledged by various companies and organizations (TELACU - $100,000, Mayr Foundation - $50,000, Miller Brewing Co. - $50,000,Union Pacific Foundation - $10,000). It is expected that the $1.5 million goal for principle will be reached in the next two to three years. At that point, an interest rate of about 7.5% will make approximately $112,500 available for scholarships presented to Latino students. Although $1.5 million is the goal for the endowment, it is not limited to that amount. The specific types of scholarships that will be available has not yet been determined. "How the scholarships are defined will be responsive to the contributors wishes," said Ash. When the announcement came at the annual scholarship banquet held by "Alianza de los Amigos", a Latino alumni group, Ortiz quipped, "Tm not retiring." After being honored, Ortiz added, "I can't think of a better way of remembering what has been done by the Center of fcnny Crfvilk/QC Photo Editor Martin Ortiz, Director of the Center of Mexican American Affairs Mexican-American Affairs. Fve often said that Whittier College is not just a place, ifs a state of mind, likewise with our Center which helps students to help themselves. I like to see us be an integral part of whafs happening on this campus and not to isolate ourselves. Anything that has to do with students, I wholeheartedly support." Ortiz was the only Mexican American to graduate from Whittier College in 1948. He joined the Whittier College campus again in 1968 to teach Chicano studies courses and as the Founding Director for the Center of Mexican American Affairs. "Martin Ortiz is a treasure to have at Whittier. It is great to see him honored Please see ORTIZ pg. 4
Object Description
Title | The QC, Vol. 80, No. 19 • March 10, 1994 |
Publisher | Associated Students of Whittier College |
Description | The Quaker Campus (QC) is the student newspaper of Whittier College. The newspaper has been in continuous publication since September 1914. |
Subject | Student newspapers and publications -- Whittier College (Whittier, Calif.) |
Date | March 10, 1994 |
Language | eng |
Format-Medium | Newspaper |
Format-Extent | 16 pages ; 17 x 11.25 inches |
Type | image |
Format of digital version | jpeg |
Repository | Wardman Library, Whittier College |
Rights-Access Rights | Property and literary rights reside with Wardman Library, Whittier College. For permission to reproduce or publish, please contact Special Collections. |
Date-Created | 2013-10-21 |
Image publisher | Whittier, Calif. : Wardman Library (Whittier College), 2013. |
Description
Title | 1994_03_10_001 |
OCR | QUAKER CAMPUS Volume LXXX, Number 19 ^— —^ March 10,1994 | Informing Whittier College for 80 Years March 10,1994 College to Receive $1 Million Over Ten Years From Sale of Thrner Casting Corporation MEWS INSIDE THE Behind the Scenes at the CI Read about how the Campus Inn really works behind the scenes and where exactlyyour food dollars go. Pg.6 yiEWPOINT Poet Athletics Why is it that attendance is low at sports events? What is the role of student athletics on our campus and what should it be? Pg.3 FEATURES Students Travel to Japan to Sing Whittier College students say sayonara to America as they travel to Japan to sing in a goodwill concert. 1 AAV. Pg'7 Virtual Mystery Opens Tonight Whittier College Theatre presents Virtual Mystery, a comic mystery, which was written and directed by Jack de Vries. Pg.10 SPORTS Lacrosse Wins Again The women's lacrosse team won twice over the weekend to remain undefeated in WWLL, while themen's team won twice at Berkeley. Pg.16 ■HI Aiyn WrobdAJC AmL Sports Editor Sophomore Wendy Newman rushes down field. by Andy Markowitz QC Managing Editor Vice President for Business and Finance Harold Hewitt, President James Ash and Board of Trustees members Ray Dezember, Ernie Park and Bob Bailey completed the sale ofthe Turner Casting Corporation, which was formerly a College assent on Thursday, March 3. The Turner Casting Corporation, which was part of the gift left to the college by the Wallace Turner estate, was sold to Consolidated Foundries Inc. The two main parts of the Turner Casting Corporation involved in the sale were the 4.6 acres of land which the business sits on and the business itself. The business was sold for $200,000 and thelandwasleased for $800,000 over ten years. There were no restrictions set on the gift by the Turner Estate, therefore it is up to the Board of Trustees to decide what the money will be used for. "The money will most likely be invested into the endowment,"said Hewitt. However, President Ash said he does not know where the the money will go. 'lean not make any speculation about what the money will be used for unitil all of the proposals come in to be evaluated," he said. The Turner Casting Corporation is an aluminum alloy sand casting company that makes engine parts for Air Force jets and some commercial airlines. The main reasons for the sale of the company were the declining state of the defense industry and it would be in the best interest of the Turner Casting Corporation if it were run by someone other than the college. The fact of the matter is that colleges were not designed to run businesses," said Hewitt. "When we received Turner Casting it was not in selling condition," said Hewitt. The college maintained the company and got it into selling shape. Although the College had always intended to sell the Turner Casting Corporation plans had to be accelerated to accommodate the sale Hewitt said. The school originally wanted to keep Turner Casting Corporation longer to make the maximum amountofmoney from it. The sale was not expected to take place until at least January 1995 or 1996. "We wanted to keep faith with Wally Turner by selling Turner Casting to a trustworthy company that would run it correctly "Hewittsaid. "Inother words we wanted to avoid selling to a person who would just break up Turner Casting and sell off all the little parts," Hewitt continued. Turner Casting Corporation is a foundry and the buyer, Consolidated Foundries Inc., already operates foundries in California. As part of the sale, Turner Casting Corporation was subjected to a phase two environmental inspection, which entails taking soil, air and water samples, and was found to be in compliance. The Turner Casting Corporation is the second portion of the gift given to Whittier Collie by Wallace Turner. The first part was $1.2million in cash which was primarily used in the constructionof Turner Residence Hall. Also included in the second part of the gift were a house locatedin Montebello, California, a ranch in northern San Diego County and a parcel of land in Kem County. <4~ SPORTSFEST '94 ^|~ J Schedule of Events S Thursday, March 10 9 a.m.-3p.m. 5 p.m.-6p.m. Session I 7p.m.-10p.m. Whittier Hunt Opening Ceremonies Backgammon Scattergories Pictionaiy Soccer Friday, March 11 9a.m.-2p.m. Session II 7 p.m.-10p.m. Blood Drive Video Games 9-ball Table Tennis Foosball College Bowl Saturday, March 12 Session III lp.m.-4p.m. Session IV 7p.m.-10p.m. Sunday, March 13 Session V 9a.m.-12p.m. Racquetball Swimming Tennis TMysteiy Event? Basketball Track Football Session VI lp.m.-3p.m. 5p.m.-7p.m. Volleyball Softball The Sleaze Obstacle Course Tug-of-War Closing Ceremonies $1.5 Million Endowment Latino Scholarship Fund Created, Named for Ortiz by Aurelio Alba QC Staff Writer The creation of a $1.5 mil- lion endowment scholarship fund for Latino students in honor of Martin Ortiz, Director of the Center ofMexican-American Affairs, was announced by President James Ash on February 26. This is the first scholarship at Whittier College to be named after a Latino figure. The funds will be raised as part ofthe new five year Capital Campaign undertaken by the college. $210,000 has already been pledged by various companies and organizations (TELACU - $100,000, Mayr Foundation - $50,000, Miller Brewing Co. - $50,000,Union Pacific Foundation - $10,000). It is expected that the $1.5 million goal for principle will be reached in the next two to three years. At that point, an interest rate of about 7.5% will make approximately $112,500 available for scholarships presented to Latino students. Although $1.5 million is the goal for the endowment, it is not limited to that amount. The specific types of scholarships that will be available has not yet been determined. "How the scholarships are defined will be responsive to the contributors wishes," said Ash. When the announcement came at the annual scholarship banquet held by "Alianza de los Amigos", a Latino alumni group, Ortiz quipped, "Tm not retiring." After being honored, Ortiz added, "I can't think of a better way of remembering what has been done by the Center of fcnny Crfvilk/QC Photo Editor Martin Ortiz, Director of the Center of Mexican American Affairs Mexican-American Affairs. Fve often said that Whittier College is not just a place, ifs a state of mind, likewise with our Center which helps students to help themselves. I like to see us be an integral part of whafs happening on this campus and not to isolate ourselves. Anything that has to do with students, I wholeheartedly support." Ortiz was the only Mexican American to graduate from Whittier College in 1948. He joined the Whittier College campus again in 1968 to teach Chicano studies courses and as the Founding Director for the Center of Mexican American Affairs. "Martin Ortiz is a treasure to have at Whittier. It is great to see him honored Please see ORTIZ pg. 4 |
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