Page 27 - 1920 February - To Dragma

110 TO DRAGMA OF ALPHA OMICRON PI

meals at the house. W e try to realize a little on the board through
careful economy, wholesale purchasing of supplies, etc.

T h e larger part of our financial management has been turned
over to the "Warner System f o r Fraternities" which has won quite
a name f o r itself i n Madison. T h i s system keeps our books f o r us
and does much of our buying. T h e treasurer merely makes out the
bills of the individual members and turns them i n to the Warner
system to be entered on the books. The funds received are turned
in also and all bills paid through this business. We pay $12.50
monthly f o r these services of M r . Warner and feel f u l l y repaid by
the accuracy and businesslike way i n which our finances are man-
aged. W e are privileged to examine the books at any time. By
the cooperation of various fraternities and sororities through this
system we are able to receive large discounts on a l l goods bought
as supplies. We have f u l l confidence i n the Warner system be-
cause of the hearty endorsement of fraternities a n d sororities here
which have employed the system f o r years.

T h e duties of t a k i n g care of the house and help is i n charge of
one of the girls i n the house who acts as "house manager" and who
receives her room gratis i n compensation. W e have also a steward-
ess who takes charge of the kitchen. She plans a l l meals and super-
vises the preparation and serving of them. F o r this service the
g i r l receives her board free.

We have a house chaperon to act as our "mother" to whom we
furnish room and board and when we have social functions of any
kind she acts as chaperon. W e o f t e n invite one or two members of
the university f a c u l t y w i t h their wives as additional chaperons f o r
our dances.

As we have been renting our house f o r the past three years, we
have now initiated a plan for starting a sinking fund f o r a new
house. O u r plan is to start a corporation asking our alumna? to
take a $100 share apiece, payable in two years. From now on each
member of Eta w i l l take one $100 share beginning i n her junior year,
which share w i l l be payable i n three years. T h i s gives each mem-
ber one year out of school in which to earn at least part of the
money herself. I n this way we hope to raise funds within a few
years f o r buying our home. The corporation w i l l rent the house to
the chapter and w i l l declare dividends on the profits after all obli-
gations are paid off. Then the chapter w i l l buy back the shares
when able i n order to utilize whatever surplus there may be. T h i s
is the proposition which we are laying before our alumna? and we
are expecting a hearty spirit of cooperation i n giving us a start
toward acquiring our permanent home.