Indianapolis Times, Volume 39, Number 319, Indianapolis, Marion County, 4 May 1928 — Page 16

PAGE 16

TEACHER LOANS REPAID. STATES PRINCIPAL DUCK Replies to Criticisms From Accounts Board on Handling Funds. Steps to halt loaning of money to teachers from the Shortridge High School book exchange, criticised in a report Thursday by the State board •f accounts, already have been 4aken, Principal George Buck said today. Buck said he issued orders last fall, following a similar report by the accounts board, that no more loans were to be made. Since that time, a part of the money loaned has been repaid, he said. The principal defended the present system of handling funds of the book exchange and lunch room, declaring no radical change is necessary. Profits for The Echo “Profits from these two funds,” he said, “are used largely to defray deficits in the Shortridge Echo fund, which annually amount to $1,500 or $2,000. “If profits were turned over to the school board, we should have to ask the board to return most of it for the Echo deficit.” He added that if any loans had been made to teachers since the report last fall it had been without his knowledge. The fund is in the hands of G. M. Crossland, bookkeeper and manager of the exchange-, who is under SIO,OOO bond. $2,340 in Loans Repaid Os the $2,852.85 outstanding March 31 in loans to teachers, $2,340 was loaned to Crossland himself, the report showed. Buck said Crossland borrowed the money to finance building a home, and had been repaying it at the rate of S6O a month. Albert F. Walsman, school business director, will read the accounts

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board report on Shortridge, Washington, Arsenal Technical and Manuel Training High Schools to the school board Tuesday night. Walsman suggested that high school officials should be required to present understandable reports on these funds each month. Lawrence F. Orr, accounts board chief, said he will draft a bill to

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be Introduced in the next Legislature regulating handling of such funds. Reports showed Shortridge and Arsenal Technical High School cafeterias profited, while cafeterias at Washington and Manual Training High Schools had deficits. Shortridge cafeteria receipts In

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THE INDIANAPOLIS TIMES

the three and one-half months ending March 31 snowed receipts of $13,335.83, and disbursements of $10,623.92, a profit of $2,711.91. Arsenal Technical, In the nine months from July 1, 1927, to March 31, 1928, had receipts of $78,122.47 and disbursements of $72,468.56, a profit of $5,653.

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NICHOLS SEEKS JOB Candidate for State Treasurer Subject to Convention. By Times Special MADISON, Ind., May 4.—Harry E. Nichols, Jefferson Circuit Court clerk, has announced his candidacy for the Republican nomination for State treasurer, subject to the Re-

publican State convention in Indianapolis May 23-24. Nichols served two terms as city clerk and is now serving his second term as circuit court clerk. He was Republican county chairman four terms and two years ago became Fourth district chairman, which position he still holds. He has been given the indorsement of

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the Fourth district Republican committee, Jefferson County Republican committee, Madison city council and Jefferson County commissioners. Jury Acquits Minister Bn Times Special RICHMOND, Ind., May 4.—The Rev. John S. Crittenden, Mt. Moriah

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