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About Yale Alumni Magazine | View Entire Issue (Jan. 21, 1897)
Votume VI. No. 15. NEW HAVEN, CONN., 2 Price Ten CENTS. CORPORATION MEETING. Routine Matters Discussed—The Treasurer’s Report. The annual Fall meeting of the Cor- poration of the University, postponed from last November, was held on Fri- day, January 15th in the Treasury building. Nothing but the regular routine business was brought up at the meeting, although there was a general discussion on the question of the increased taxation. The annual report of the treasurer, Wm. W. Far- nam, was submitted and accepted. It is probable that the Corporation will hold another meeting in a few weeks, as no definite action was taken in re- gard to the taxation of the University. The report of Treasurer Farnam of the University, which was submitted to the Legislature, shows an increase of $155,546.18 in the permanent fund's of the University for the year ending July 31, 1896, as against $235,846.66 for the year 1894-95. The following table shows the increase of funds for this year and last: 1894-95. 1895-96. Additions to Universi- ty Funds, $87,662 50 $5,0.5 00 Additions to Academ- . ical Funds, 71,869 24 9,626 01 Additions to Theolog- ical Funds, 47,072 92 8,055 26 Additions to Scientific School Funds, 29,250 0) 125,000 CO Total, $235,854 66 $157,886 30 Deduct from 1895-96 Observatory Special Fund for amount ex- pended on apparatus, $11 58 Deduct from 1895-96 University iAlumni Fund available for in- come and expended, 2,328 27 Total deduction from 1895-96, $2,340 12 The total increase in permanent funds for 1894-95, ‘$285,854 66 For 1895-96, $155,546 18 In the gifts, to be used as income, the amount of the Alumni University Fund available for income is $9,677.62 this year as against $7,184.50 for 1894- 95. The General University Income is reported as $11,517.39, as compared with $10,000 in last year’s report. Other gifts for income are for the Infirmary, Library and the Academical, Theolog- ical, Medical, Scientific and Musical Departments, . bringing the total amount of such gifts for 1895-96 up to $54,765.94. The sum of $59,000 was donated during the past year to the Building Funds, besides $3,972.00 for the completion of the Woolsey statue. The report gives the funds of the University as follows: University Funds, $1,301,698 93 Academical Funds, 1,572,168 4) Theological Funds, 613,097 89 Scientific School Funds, 377,188 95 Medical Department Funds, 38, £89 41 Law Department Funds, 84,223 62 Art School Funds, 115,828 76 Musical Department Income, 5,932 67 A list of the new funds established is as follows: IN THE UNIVERSITY DEPARTMENT. University Memorial Fund, $200 00 Rochfort Fund, 1,000 00 IN THE UNIVERSITY LIBRARY. New York Alumni Assoe’n, $1,600 00 Junior Promenade Com. ’97, 1,500 00 A Friend, 200 00 IN THE ACADEMICAL DEPARTMENT Boocock Fund, $4,000 00 Larned Scholarship Fund, 2,000 00 President’s Fund, 1,000 00 IN THEOLOGICAL DEPARTMENT. Susan G. Clarke Scholarship cre $5,020 00 Downes Prize Fund, 3,000 00 _ =" $19,500 00 The account of the Peabody Museum shows the amount of the fund on June 1, 1895, $36,003.16, which with in- terest aded for publication makes $36, - 119.53. $35,942.39 was in investments, A comparison of the various funds of the University in 1886, when the ARCHITECT: | VteRIETH ¥ 4 AVENUE + «NEW: YORK: present administration began, with the same funds as given in the above report shows that the University funds have grown in the eleven years $494,869 to $1,301,698; the Academical funds from $987,434 to $1,572,168; Theo- logical School funds from $413,589 to $643,097; Sheffield Scientific School funds from $160,827 to $377,188; Law School funds from $11,600 to $84,223; Art School funds from $98,166 to $115,- 828; Medical School funds from $27,652 to $38,889. During the eleven years if the Sloane bequest not yet received is included, the total of the foregoing funds has about doubled. In 1886 the Academical receipts for tuition were $99,535, last year $274,720; the corres-— ponding figures in the Scientific de- partment being $26,285 and $90,299. The Promenade. The details of the Promenade week events have already been printed in the WEEKLY, and a long list of the guests is inserted to-day. It remains to give a critical review of the main fea- tures, and this will be possible in the pext issue. THE BARNARD CELEBRATION. A Deserved ‘Tribute to a Strong Supporter of Education. Sunday, January 24th, will be the eighty-sixth birthday of Henry Bar- nard, ’30, who has well been called the “Nestor” of American education, and it is proposed to celebrate the occa- sion by an educational meeting in Hartford on the following day, Mon- day, January 25th. The celebration
