I would guess that is indeed why her arrow is not pointing up. My friend, Fran the archivist, could tell us exactly but you are correct in saying that the pin was not always worn in a uniform manner. I think it was before the '30s though. IC Sorosis actually became Pi Beta Phi in 1887. I used to work with a chapter that had an original IC charter.... their archives were so much fun for a heritage nerd like myself.
If you ever have a chance to go to St Louis, you must check out the historical displays!
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