Monday, Oct. 22, 1956

Report Card

P: In the wake of the firing of County Health Officer Deborah Coggins for lunching with a Negro nurse in a white restaurant (TIME, Oct. 8), Florida's Jefferson County school board added its own unsavory sequel to the story: it ordered Fifth-Grade Teacher Flo Way to resign after she defended Dr. Coggins at a public meeting. But Teacher Way was carrying on as usual. "I feel I have the right to free speech." said she.

P: Though the university's huge endowment had gone up another $36 million to $478,739,000 last year, the Harvard Corporation wanted to make it clear that prosperity--like peace--is relative. While the market value of the endowment has gone up 8%, said the Corporation, costs have gone up 7%. In the long view, things seemed even worse. In the last 25 years the cost of running the college has quaddrupled, while its endowment income has only doubled.

P: Celebrating its 100th anniversary, the First National Bank in St. Louis found a heartening way to express its gratitude to its community: gifts of $50,000 apiece to the city's two privately supported universities--Washington and St. Louis.

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