Show DMU fINAN FINANCIAL IAl MUDDLE BARED DES MOINES la Ia 1 May 25 S AP Dr T. T T. T Shields president of the board of at tru trustees tees of ot Des Moines university today explained ii fl II Indiscretions In the schools school's operation which heh had been hinted at by faculty members during durin the administrative ad administrative ad- ad upheaval al at the institution tullon three weeks ago Ills His statement also alo was signed b by Miss Edith M M. I Rebman secretary and E E. A. A Roberts of at Cleveland eland and the the- Rev nev H H- I. I G. G Hamilton of or Austin Minn lInn trustees Tho The explanation came the day before a district court Judge was wall to hold a a. hearing t on n an InJun injunction Uon obtained t trl early rl this month by students forbidding the trust trustees s sto to close lose the university or to with with- withhold hold credits The four board members came to Des 1 Moines yesterday to take control control control con con- of at the Institution Dr Shields in his statement today to tod to- to d day y substantiated a a. report port that university's annuity and endowment fund to pay current bills bUls Including professors' professors salaries salaried This point the thea a statement said formed the basis of the accusation |