History of Dial Lodge
Dial Lodge, a Princeton eating club, was organized in 1907 and spent its first decade in the old Cap & Gown clubhouse that had been designed by William Ralph Emerson and built in 1897.
This house was moved from its original location on the south side of Prospect, adjacent to the Cottage Club lot, to an undetermined site further down Prospect.
In 1916, Dial acquired the Chamberlain property, a parcel on the north side of Prospect Avenue between the Observatory (and its attached house, home to generations of Princeton astronomers) and Colonial Club. Dial then engaged Henry Milliken, an alumnus who had just designed the new Quadrangle Club, to draw up plans for a purpose-built clubhouse.
Milliken's first rendering for Dial, dated about 1916, shows a highly symmetrical, academic-looking building distinguished by two string courses that separate the two floors, a central pediment, and a slightly off-center door. It is not clear if the building was intended to be built of stone or brick. In a second rendering, done the following year, the string courses have disappeared, the door is centered, and the windows on the second floor have been rearranged. Most significant, Milliken added a one-story addition to the west end of the building. With its distinctive sloping roof, half-timbers, and enormous penetrating chimney, this addition softens the otherwise rigid academic look of the building. Completed in 1917, the finished version of Dial Lodge closely resembles the second rendering.
It was executed in the same stone as the University buildings of the period and echoed the stone used in Cannon Club across the street. One other notable detail in Dial are the massive twin chimneys that frame the east side of the structure. These chimneys, along with the windows and choice of stone, recall the Collegiate Gothic dormitories on the campus, reinforcing the academic models upon which Dial drew.
Bendheim Center Celebrates 10 Years
On September 24, the Bendheim Center for Finance celebrated a decade of leadership in finance education and research with a day-long conference featuring leading faculty of the program. The conference, attended by faculty, alumni, corporate affiliates and students of the program kicked off with introductions by Dean of the Faculty David P. Dobkin, Yacine Aït-Sahalia, BCF director, and Lynn Bendheim Thoman, co-president of the Lowenstein Foundation and daughter of the Center's generous benefactor, Robert Bendheim, who died in 2009.
The first panel, "Bubbles, Behaviors and the Origins of the Crisis," featured faculty members Yacine Aït-Sahalia, Harrison Hong, Daniel Kahneman, José Scheinkman, and Ronnie Sircar in a lively discussion on the financial crisis and the impact of overconfidence, poor risk management and greed on the industry and the economy as a whole.
Addressing possible solutions to the repercussions of the crisis, Alan Blinder, Markus Brunnermeier, Governor Jon Corzine, Paul Krugman, and Hyun Shin outlined options for "A New Architecture for the Financial System."
In the final session, "Should Finance Research and Teaching Change in Light of the Financial Crisis?," René Carmona, Jianqing Fan, Burton Malkiel, Christopher Sims, and Wei Xiong debated possible outcomes from an academic viewpoint.
The conference was followed by a standing room only public lecture by the founder of the program, Federal Reserve Chairman Ben S. Bernanke. The full text of his talk is available at the Federal Reserve website.