Depression-era students show their solidarity with the administration, which is initiating cost-saving measures. Students adopt resolutions favoring compulsory membership in the Student Association, a blanket tax of $8.00 and a $0.40 fee to cover costs of the Owl. Revenue will pay for activities of the Athletic Association, Campanile, Thresher, Owl, Engineering Show, Woman's Council and incidentals. Students submit voting results to the Board of Trustees to express their opinion.
The Board, struggling with income shortfalls, cuts faculty salaries 5-10 percent in 1932, raises the registration fee from $10-$25 and requires men to live in the residence halls for at least 1 year. In the 1930s Captain Baker realizes endowment income is insufficient to allow Rice to grow and modernize, and he asks the Board to consider new ways to finance Institute operations.