Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1880-07-20
BowDoIN COLLEGE FINANCES.

4 Brunswick correspondent OF the Bos
ton idrerriSsT says that Mrs. Stone or
Maiden has offered To complete Memorial
Hall and gives assurance that the money
will be advanced in September, when she
turns over 10 the college the sG0, 900 for
the endowment of the class in mental and
moral philosophy. Mr.. Wirkley's gin OF
s25. OOO-SlO.OOO given last year and So,
OOO this il invested in part in real estate
which is paying a return of over niue per
cent, and part is deposited on call in u
Boston bank where three per cent Is paid.
A working library for the Senior class,
consisting of books on political and eco
nomical sciences, mostly from the library
of the late Caleb Cushing, has been bought
during the year The $500 necessary were
given by the Hons. W. W. Thomas, J. W.
Bradbury, J. L. ii. Cobb, 5. Z. Spring,
Gen. Francis Fessenden and Messrs. Hair
rison J. Libby, W. IL. Moulton, William +.
Goulding and Jessie L. Mason. Judge
Barrome gave an amount in cash for the
general college expenses. friend of the
college, who withholds his name, has given
$1,000 for the presidential fund" The In
come ofthis is To be paid for the benefit of
the President-a sort Of perquisite or pen
IL Il
ted at the call of the college authorities.
A curious bequest has been made recently
but the matter is in the hands ofthc Presi-
dent and has not yet come up for action.
A gentleman has willed his entire estate to
the college upon the condition that GER
tain line ofhis descendants shall be educated
free OF expense TO them. The estate is
said 10 be of considerable value. Valuable
gifts TO the college have been made by two
Seniors-F. o. Conant OF Cumberland, and
+. q. Spring OF Portland, both OF the
scientific division. Mr.. Spring has given
a collection of fine South American agates
aud some fossils from that continent. Mr..
Commits gin is miscellaneous collection
offOssils, mostly from this State. He has
also made previous gin OF 4 similar ma
ture These fossils a<e found in the clay
formations and DO much 10 make the
Bowdoin collection the most nearly perfect
in the State The Portland Society of
Natural History has better individual spec
linens than the college-for instance, a
walrus skeleton OF the clay formation,
versus . walrus tusk-bnt for general ex-
cellence the collection is now the first.
From the United States fish commission,
through the Smithsonian Institution, has
been received valuable collection which
is waiting an appropriation before 1t can
be properly arranged. The geological and
meteorological collections are large and
growing, and mostly available to the stu
dents for use in studies. The college
property is now worth over half million
and about half Is in real estate. This
figure is given as the result Of an estimate
which was made about a year ago by Presi-
dent Chamberlain, on the basis OF q bust
ness estimate All the college funds are
unusually invested-the rate or interest
being over six per cent on an average.
Bowdoin enjoys the usual singular good
fortune of educational institutions in the
good quality Of its investments, and in the
fidelity of those who have the management
OF its funds.-PresG