About Face?

Undergraduates used to worry their elders by leaning Left. Last week there were two small signs that postwar students may be looking the other way.

At Princeton, ex-G.I. Allen F. Colley, 23, founded a Save Capitalism Committee. Its key to salvation: profit-sharing to make labor and capital work together. The president of a New York building materials company offered his firm as a laboratory to test the theory. Colley & Co. were also trying to sell the idea to neighboring colleges, hoped it would catch on as well as Princeton's once-famed Veterans of Future Wars.*

At the University of Michigan, the pro-capitalists gave leftists a lesson in infiltration. The university had approved a petition for a campus Karl Marx society. At the first meeting, the 25 Marxist petitioners were delighted by a turnout of 150. But when it came time for elections, a solid wedge of the new recruits--conservatives from the School of Business Administration--put up their own slate. Explained new President Elmer Faust: "We Business Administration students are very interested in Marxism."

* A campus fad in 1936. Started as a satire on World War I veterans, who had pressed Congress for bonuses, the Veterans of Future Wars soon had 60,000 members. The official salute: an outstretched arm, itching palm up. The platform: bonuses now, while we're still here to use them. Founder (and National Commander) Lewis Gorin Jr. and Treasurer Thomas Riggs Jr. served overseas as officers in World War II.

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