Haverford College Improvement Company journal, 1941-1944
Scope and Contents
This journal records the receipts and expenses of the Haverford College Improvement Company, from 1941-1944. J. Henry Scattergood is identified as the Treasurer of the Corporation at the front of the volume. Receipts are recorded on the left-hand pages and expenditures are recorded on the right-hand pages of this volume. A list of the occupants of houses on the Haverford College campus on September 1, 1942 was once pasted to the inside of the front cover but is now loose.
Dates
- Creation: 1941-1944
Access Restrictions
Haverford College financial records are closed for a period of 25 years from the date of the creation of the record.
Historical Note
When a key piece of land on the south side of College Lane extending from the Duck Pond to Lancaster Pike, known as the Warner Tract, became available for purchase, the College lacked the resources to buy the land. Board of Managers members David Scull, Justus Strawbridge, Richard Wood, and Francis Stokes acquired the property in 1886. As part of the arrangement with the four Board members, referred to as the "Warner Syndicate," Haverford College provided a loan of $25,000 with 4.5% interest. $2500 of this loan was applied to the purchase price, and the remaining $22,500 was mortgaged at 4% through the Philadelphia Saving Fund Society. The College also agreed to have its treasurer maintain all accounting records of the syndicate, separate from the books of the College. The Syndicate began building houses and renting them to faculty members and their families in 1887. The College was deeded the land and housing in 1900 and the Syndicate turned over the remaining debt to the College in 1910. After this time, the administration of housing fell under the aegis of the Haverford College Improvement Company.
(Adapted from a report by G. Richard Wynn, Emeritus Vice President of Finance and Administration)
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