University's Deficits Now Critical: Conant

President Conant, speaking on NBC's University of Chicago Round Table, analyzed the threats to the integrity and independence of universities today as being essentially financial. The program, re-broadcast yesterday by the Lowell Institute, was taken from speeches at last week's inauguration of Lawrence A. Kimpton as the new Chancellor of the University of Chicago.

The university's constant demand for funds to perform its public duties must continue to be met by endowments of far-sighted businessmen who wish to preserve this economic system, Conant said. He further deplored the "hand-to-mouth" theory of financing behind the recent increase of small restricted grants in place of unrestricted endowments to meet long-range plans.