President Quits at New College of Calif.

The president of New College of California resigned just weeks after its accreditor issued a scathing report that placed the experimental liberal-arts college on probation.

Martin J. Hamilton, president of the college for five years, had initially said he would see the college through the probation and then step down next year. But this month he announced that he was leaving immediately. "The current political and financial challenges have made it impossible for me to continue in this

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