YALE ALUMNI WHEKLY
4
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A UNIVERSITY'S FINANCES,
Harvard’s Increase of Funds and
Decrease of Interest.
(From President Eliot’s Report.)
The twenty years since Mr. Hooper’s
administration of the treasury began,
bave been eventful and difficult years
for the University finances. On Aug.
31, 18/6, the invested funds amounted
to $3,406,653.48; on July 31, 1896, the
amount of the funds was $8,526,813.67,
and there hud also been added to the
resources of the University, land,
buildings, and collections represent-
ing several millions of dollars.
This increase of real estate, invested
capital and equipment has added very
much to the responsibilities and labors
of the treasurer; but there has been
aLother and quite different feature of
the situation which has made his
charge increasingly burdensome. In
the five years frcm 1870 to 1875 the
average rate of income from general
investments credited to the different
funds was 7.59 per cent., and in the
first year of Mr. Hooper’s administra-
tion the rate of income was 6.75 per
cent. In the five years from 1890 to
1895 the average rate of income for
general investment was 4.93 per cent.,
and the rate of income in 1895-96 was
4.73 per cent.
This great fall in the rate of in-
come on investments, which has been
not local but universal in its charac-
ter, has embarrassed many depart-
ments of the University—such for ex-
ample, as the Divinity School, Library,
Observatory, and Museum of Com-
parative Zoology—which depend chiefly
or wholly on the income of permanent
funds; and their embarrassment has
increased the anxieties of the treas-
urer.
Throughout the whole period, how-
ever, the treasurer has succceded, by
the constant exercise of vigilance and
gcod judgment, in keeping the aver-
age earnings on the University invest-
ments higher than those of many pub-
lic trust estates. The survival of old
investments has helped him to do this
with due rcgard> to the’ safey of* the
rroperty.
The amount required for the full
endowment of a professorship now, as -
compared with the amount required
44 or 80 years azo illustrates the same
difficulty in the financial management
of the University. 'To-day . $100,000 is
required for a professorship fund;
while 40 years ago $50,000 was con-
sidered a very satisfactory endow-
ment. In the early part of this cen-
tury $20,000 constituted the foundation
for the Bliot, Perkins and Smith pro-
fessorships respectively.
The amount of gifts and bequests to
the University in 1895-96 ‘was $243,-
791.05—a somewhat larger sum than
was received in 1894-95 or in 1893-94.
In the three years 1893-96, the total of
gifts and bequests was $597,741.99.
During this same period at least five
American universities, all situated
outside of New England received much
larger additions to their endowments.
I’. the primacy of Harvard University
among American institutions of edu-
- cation is to be maintained, it must
not be surpassed by any others in
material resources. The Corporation
could use the income of additional en-
dcwments to the amount of ten mil-
licns of dollars for the satisfaction of
nene but well known and urgent
wants.
thy i
i
In the College Pulpit.
The following preachers will oc-
cupy the College pulpit during the
winter term:
February 7—Rev. A. H. Bradford,
D. D., of Montclair, N. J.
February 14—Rev. George Gordon,
D. D., pastor of Old South church,
Boston.
February 21—Rev. William K. Hall,
D. D., pastor of First Presbyterian
church of Newburgh, N. Y.
February 28—Rev. Alexander Mec.
IKxenzie, pastor of Shepard Memorial
church of Cambridge, Mass.
March 7—Rev. Prof. Robert
Thompson, of Philadelphia.
March 14—Rev. Chauncey W. Good-
rich, of Orange, N. J,
March 21—President M. W. Stryker,
of Hamilton College.
March 28—Rev. Henry A. Stimson,
of New York City.
Ellis
(Continued from fifth page.)
H. P. Moseley, m,114 W. 69th, New York.
O C. Mosman, 1, St. Joseph, Mo.
W. F. Murray, B, 804 Central Ave,
Plainfield. N. J.
R. H. Nichols, T, Pottstown, Pa.
A. FP. N‘peren, 1, Chillicothe, O. Z
H. S. Noon, 1, 10 Appian Way, U.m-
bridge, Mass. ‘
‘ W. Qimstead, C, Niagara Fa'tls,
. LL. Orr, U. Evansville, Ind. ‘
G Osegcod, P. G., New Haven, Conn.
. D. Paine is in Cuba. ,
C. Perkins, L, Sharon, Pa.
B. Perkins, Jr., B, Warren, O.
. T. Persons, T, Falls Village, Conn.
. Phelps, b, 30 Pine, New York.
. K. Phelps, P. G., New Haven, Conn.
L Polk, 1, 7 E. 36th, New York. _
. M. Pepe, b, 597 West End Ave., New
York. :
rd Station,
}
nism 9
bo ray b> bay
A. Potter, C, Grand Central
New York.
J. T. Potter, L, Lawrence, Kan. es
. J. Price, C, 82 Irving Place, New
York. f
R. Pringle, L, Red Oak, Ia.
E. F. Raymond, b, 2239 Calumet Ave.,
Chicago.
W. M. Raymond, 1, 1412 Monadnock
Bdg., Chicago.
‘BH. J. Redington, T, 424 South Crouse
Ave., Syracuse, N. Y.
E. B. Reed, P. G., in Paris.
E. L. Robinson, T, 284 Crown, Meri-
den, Conn.
HH. S. Richardson, C, 117 Buena park,
Chicago. q
P. F. Rogers, m, 2300 Indiana Ave., Chi-
cago.
Cc. P. Rowley, C, 745 Broadway, New
York.
A. T. Ryan, L, 1446 Princeton St., Wash-
i
ington, D. C.
H. Ryder, m, 615 East Front St.,
Sallmon, P. G., New Haven,
Conn.
Plainfield, N. J.
West
W. E. Sanders, T., Orchard Lake, Mich.
Cc. W. Saunders, 1, 41 Fruit St., Worces-
ter, Mass.
J. C. Sawyer, B, Dover, N. H.
Oo. S. Seymour, L, New Haven, Conn.
J. E. Sheffield, b, 26 Pine St., New York.
H. S. Silverstein, L, 682 Cooper Bdcg.,
Denver, Col.
(E. W. Skelton, 3B, 296; Sixth Avet,
Brooklyn, N. Y.
Cc. R. Skinker,, L, 220 N. 4th St., St.
Louis, Mo.
Cc. A. Smith, t, Middletown, Conn.
H. F. Smith, M, Hartford, Conn.
L. B. Smith, L, 33 Pine St., New York.
L. Smith, m, 156 W. 68rd, N. Y. (??)
He  eamlth; «4.
J. Sniffen, t, Middletown, Conn.
B. Solley, m, 319 W. 101lst, New York.
F. Stahl, L, 556 Chapel St., New Ha-
Conn. :
. BE. Stewart, L, 526 W. 7th St., Plain-
Ss.
Stillman, L, 95 Joralemon St.,
Brooklyn, N. Y. (??).
‘A. W. Stone, B, 248 Broadway, New
York. ‘
EK. M. - Stothers,
Staten Island, N. Y.
S. Taylor, L, South Orange, N. J.
. H. Taylor, t, Louisville, Ky.
Thomas, U, 17 West 57th, New
rk
R.
E. Thoms, L, Waterbury, Gonn.
J. Tilson, 1, New Haven, Conn. -
Todd, B, 336 North St., Baltimore,
BQHQ5
“
aS
Soe
Sa
dip
wy
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a2
H. Tousey, m, 250 Henry, Brooklyn,
pas
Qu
G. M. Townsend, U, Hartford, Conn.
J. R. Trowbridge, C, 578 East Division
St., Chicago.
A. 3; Tueker,.:J,. Troy. N. Y.
Ww. G. Van Name, New Haven, Conn. ,
WwW. S. Walcott, camping in Adirondacks,
Northville, N. Y.
J. A. Waller, B, 3856 Dearborn Ave., Chi-
cago.
M, J. Warner, U, Salisbury, Conn. ;
WwW. A. Waterman, T, Mt. Vernon, N. Y,
F. J. Waters, L, 249 Albion Place, Cin-
cinnati, O. !
H. L. Welch, m, New Haven, Conn. |
S. K. Wheeler, 1, Chattanooga, Tenn. |
L. A. Whitcomb, L, Indianapolis, Ind. |
E. D. Whiting, m, 854 West Polk St.,
Chicago. |
J. BE. Whiting, L, 156 Waverly Place;
New York. :
H. P. Whitney, traveling. .
J. D. Williams, 1, North Adams, Mass.
N. N. Wilson, B, 20 Drumn St., San
Francisco, Cal. ‘
T, M..Womersley, C. 446 Albany S8St.,
Boston, Mass. ze
W. W. Woodruff, Jr., B. Knoxville,
Tenn.
Cc. EF. Word, L, Helena, Mont.
R. H. Worthington, U, 1113 N. Culvert,
Baltimore, Md.
W. R. Wright, C, 125 Hast 57th, New
York,
FORMER MEMBERS.
M. Boocock, B, ‘‘Castalia,’’
Albemarle Co., Va.
Cc. J. Curtis, B, Redlands, Cal.
Cismont,
R. F. Gillis, C, 194 Jefferson Ave., De-
troit, Mich.
D. O’Day, C, 126 Liberty St., New York.
Medical Journal for February.
The February number of the Medical
Journal will be out Friday. ‘The con-
tents are as follows: ‘‘Intestinal Toxae-
mia,’’? by Matthew D. Mann, M. A., M. D.,
of the University of Buffalo; ““A Study of
the Cellular Pathology of Carcinoma,’”’ by
_ Clifford W. Kellogg, assistant in Obstet-
rics in the Medical School; ‘‘Potts’ Dis-
ease for the General Practitioner,’ by
Charles A. Tuttle, M. D., lecturer in
Orthopoedic surgery in the Medical
School, and the following usual depart-
ments, Editorials, Medical Progress, Hios-
pital and Clinic Notes, Items of Interest,
Alumni and School Notes, Medical So-
ciety Reports and Book Reviews.
1 = Port Richmond,
Warned Against the Eastern
: Coach.
[Caspar Whitney in Harper’s Weekly ]
It is a repellant suggestion, and yet
perfectly in accord with fact, that not
the least obstacle to wholesome, clean
eellege sport in the West is very often
the eastern coach. Too little investi-
gation is made concerning the ante-
cedents of the coach—I mean regard-
ing his character and disposition, and
not merely his football record. And
yet the quality of football the coach
is competent to teach is of immaterial
concern aS compared with the man-
ner of the teaching and the kind of
influence he is apt to exert over his
pupils. The character and disposi-
tion of the coach are certain to reveal
themselves in the character and _ dis-
position of the team’s play. If the
coach has no innate regard for ethics,
the team will evince equal disregard.
If he has resorted to slugging and un-
wholesome methods during his football
career, the same tactics will be taught
the team in his charge. No high-
minded, clean-playing coach that I
have ever known turned out a team
playing what is generally known as
“dirty” football. No coach who as a
Player has been a resolute advocate
and exponent of wholesome college
sport has ever developed an eleven
which was unhealthful in composition
and performance.
Western faculties should scrutinize
-very carefully the previous records of
coaching candidates, and exercise ex-
treme caution in a choice. This is
particularly so when the candidates
are Eastern men, since the Eastern
football player is viewed by the Weat-
ern player as more or less of an ora-
cle, and what he says and teaches is
apt to be accepted, even tthough on
occasion it clashes with the precon-
ceived and natural ideas of fair play.
The natural sentiments of nine out
of every ten boys are for fair play; it
is the teaching of accepted experts
that develops or degrades inherent
principles.
WILLIAM FRANKLIN & CO.
Importing Tailors
40 Center St., New Haven, Conn,
Miss McCARTEDY,
New York. 403 Fifth Avenue,
IMPORTER AND MANUFACTURER OFr
Cotillon and Luncheon Favors and French Novelties,
Fine Art Embroideries and Materials. Sofa Cushions
and Lamp Shades to match rooms for either city 08
country houses. :
Orders carefully and Prompely, attended to,
NEWPORT. 403 FIrTH AvzE., NEw YORK.
Cleans and Polishes.....
Lubricates. Prevents Rust.
FOR BICYCLES, GUNS, AND
ALL BRIGHT METALS,
Ask your dealer for “THREE
IN ONE,”* or send 10 cents for
sample.
G. W. COLE & CO.,
111 Broadway, NewYork,
“MYVW SQVYL
REGISTERED,
FRANK A. CORBIN,
IMPORTING = TALLOR
1000 Chapel Street,
J. EDWARD SOMERS,
Importing Tailor
63 CENTER ST.,
Z ae
New Haven, Conn.
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Members New York Stock Exchange.
Stocks and Bonds Bought and Sold.
Investment Securities a Specialty.
* Long Distance Telephone, 947 Broad.””
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Buy and Sell on Commission, Stocks and
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WHAT IS
- ODE
INHALER ?
X-ODE is a product of electricity. It forms on
asbestos while being electrically treated in a
solution. This asbestos is put up in a glass vial.
When the cork of the vial is removed and the air
comes in contact with the asbestos, it emits from
the inhaler a soothing eo substance, which
will penetrate any part of the body. When inhaled
through the nose or mouth, it’ penetrates every
nook and crevice of the mucuous surfaces, kills the
germ that causes the disease, and gives the tissues
a healthy condition, thus effecting a permanent
cure. Itis unlike snuff, drugsor medicine. X-~Ode
penetrates parts that it would be impossible tor
drugs or medicines to do.
Catarrh, Asthma, Hay Fever, Coughs, Head-
ache, Bronchitis, LaGrippe, etc., yield to its influ-
ence with marvelous rapidity.
This inhaler lasts from one to three years.
Trial size inhaler, 15 cents; large size inhaler
$1.00. All druggists or by mail. :
The X-ODE CO., 19 Union Square,
New York City.
PACH BROS.,
College = Photographers,
1024 Chapel St. New Haven.
Branch of No. 935 Broadway, New York,
- Mory’s =
EK. G. OAKLEY.
(Wstablished 1858.)