Mobilization Hits College Finances

American institutions of higher learning are facing a "financial hurricane" which may force some colleges and universities to close up entirely, Henry M. Wriston, president of Brown and of the Association of American Universities warned in a recent speech.

This period of hard times will last for at least ten year, Wriston predicted. it is due partly to the fact that partial mobilization may cut enrollment by 30 to 40 percent, than forcing schools to dip into capital to meet expenses. Wriston noted that institutions with large endowments will probably be able to get through this period without too much strain.

Another effect of this period will be a curtailment of almost all large scale expansion. The series of community colleges planned and encouraged by the United States Office of Education--a pet project of President Conant-will have to stop, Wriston indicated.

As a remedy the Brown president suggested, "The cure is not subsidy but economic reform in our government that will stop the inflationary spiral before it gets out of hand." Wriston also asked the federal government to establish a definite policy on the student draft.