From a list of 1941 news releases of the Ryerson and Burnham Libraries of the Art Institute of Chicago (http://www.artic.edu/aic/libraries/research/specialcollections/aic/news/1941.html):

SAIC Annual Graduation, commencement addressed by Royal F. Munger of the Chicago Daily News; awards presented by AIC Vice-President Chauncey McCormick; note about Mr. Munger 49.