Brown and White Vol. 99 no. 15

              atlss will be so big that you could construct and test two stones of a skyscraper within atlss's waifs tony corallo assistant vice president of facilities planning will be a superstructure designed for various testings it will look like a huge cylindrical tower in fact it will be the largest such facility in the world atlss will be so big that according to tony corallo assistant vice president of facilities planning you could con stuct and stress test two stories of a skyscraper within atlss's walls the above are the most prominent plans in the developmental stage it is only a matter of time and money until they gain fruition corallo said the money comes from development cam paigns and fund raisers so there is no need to worry about any drastic hikes in tuition and once these projects are realized lehigh will seem like a new campus what will cost millions will bring us great prestige in the long run and the investment should easily cov er itself corallo added ets daily may be a bit distressed over the ease in her workload main campus is not the only area undergoing immediate development a major move is under way on the mountain top namely the construction of the advanced technology for large stuctural systems atlss atlss for this venture and the finished product is expected to be complete within five years but the new business college will not occupy the entire space vacated by the stadium two other structures will most likely be placed there on the same time schedule for completion as by steve pierce brown and white news writer editor's note this is the second part of a two-part series about lehigh expan sion in the past at lehigh a need for development would arise and a solu tion such as the erection of a building would slowly occur the situation today and in the next few years is drastically different there are sever al major projects under way and the campus will see major renovation soon this is the last year for taylor stadium after the football season the old stadium will be razed and a new one constructed in saucon valley on the murray h goodman campus the vacancy lea by the old stadium will allow for the development of new th e brown and white tales told of london tower v 01.98 n0.15 lehigh university tuesday november 3 1987 215 758-4181 bethlehem pennsylvania tower while trying to find the rest room mears spoke about the tower's regal and occasionally barbaric history dating back to the ninth century when the area was used to collect tolls from passing boats the king would collect cows hens bordcau wines and anything else a royal appetite would desire there were slides of torture and excecution devices such as the chopping block used on anne boleyn former wife of henry viii and the pressing device which squeezed from head to toe until blood started flowing from the nose and ears brigadier mears traveled extensively with h.m royal army before being appointed to his current position broadcasts by brigadier mears have been heard and seen on television and radio in the united kingdom united states germany and japan he is also one of the guest lecturers for queen elizabeth 11 with whom he enjoys a personal audience bynickchini brown and white news writer in the 14th century the duke of somerset was sentenced to have his head chopped off at the tower of london the day of execution came and the duke went to the chopping block after many swings of the sword the duke was in two pieces head and body then some noblemen discovered that no portrait of the duke had been painted the noblemen frantically called a surgeon who proceeded to sew the duke's head to his body a portrait was painted and hung at the duke's estate in honor of his death six hundred years later the painting is displayed in the royal museum of art the question most asked by the people to the curator why was the duke so pale the above is one of the interesting anecdotes related by brigadier kenneth means who presented a witty lecture thursday on the tower of london and the crown jewels mears deputy governor of security at her majesty's tow er of london is responsible for the crown jewels typical ly british grandeur and hum or made for an interesting lecture on his responsibilit ies to the queen brigadier mears lives at the tower of london in st thomas tower with his wife in the world's oldest duplex apartment dating back to 1280 he spoke on the history of the tower's colorful beefeater guards named for the plentiful rations they received during times of fam ine mears showed slides of the imperial crown orb and scep ter as well as the world's largest diamond the star of africa between slides mears would tell an anecdote or two on a thief trying to steal the crown jewels or the typical american tourist lost in the lu endowment drops by 24 m with market by kristin upani brown and white sports editor editor's note this is the first of a three-part series dealing with the effects of the severe stock market drop on lehigh's endowment faculty pension funds and alumni contributions struck down by its matador a gang of panic-stricken investors the bull market tumbled oct 19 pulling the value of lehigh's endowment down along with it by 24 million since then a pendulous market has sparked feelings of anxiety and apprehension among many but despite the endowment's 12 percent decrease there is no adverse effect upon lehigh said john woltjen treasurer and vice president for administration because the endowment is long-term it will outlive the current market's decline he explained when the university makes a commitment to the market it rides it through thick and thin james greenleaf associate professor of finance said in a time of increased inflation higher interest rates a weakened dollar triggering selling by foreigners the fear of war with iran president reagan's decreasing popular ity and changes in tax laws the market was due for correction greenleaf said when the market fell on monday oct 19 investors portfolio insurance prompted pension fund and insur ance companies to sell futures contracts in order to protect their portfolios finance department chairman carl beidleman explained the sale of futures ensures any value lost in stocks maybe offset by profits from having sold the futures it is also easier for companies to sell futures than to sell hundreds of stocks at once as many future contracts went up for sale their price naturally dropped attracting arbitragers who could profit by purchasing them the sale of futures drove stock prices even lower and the enormous volume of involuntary exchanges further complicated the situation beidleman explained the whole process scarred the market by almost twice the percentage drop on oct 28 1929 despite the market's 500 billion loss in value the decrease in lehigh's endowment should have no immed iate effects on sept 30 the endowment stood at 191 million and by oct 27 the figure drifted down to about 167 million but the decrease was mitigated since 20 million of the see market page 5 84w photo by gil mancuso brigadier kenneth mears shows a model of the culllnan diamond from which came the two largest stones in the world one being the star of africa major changes to lu's campus loom ahead facilities because the land there is vast and flat three majorbuildings will probably fill taylor's evacuated space the first and most prominent on the planning schedule is a business college fund raising has provided the needed cash the business college the first is a performing arts center the second is a 500-car parking garage sophomore tony walzcr said this will finally alleviate the parking problem of so many students although the lady who gives out countless tick