The Portland daily press., 1880-07-07
Bowdoin Collepe Finance.

A Brunswick correspondent of the Boston
Advertiser says that Mrs. Stone of Maiden
has offered to complete Memorial Hall and
given assurance that the money will be ad-
vanced in September, when she turns over to
the class in mental and moral philosophy
Mr.. Winkley's gift of $25, OOO-$1O,OOO given
last year and $1,000 this-is invested in part
in real estate which is paying return of over
nine per cent, and part is deposited on call in
a Boston bank where three per cent is paid
A working library for the Senior class, con-
ssting of books on political and economical
sciences, mostly from the library of the late
Caleb Gushing, has been bought during the
year. The $500 necessary were given by the
Hons. W. W. Thomas, J. W. Bradbury, j. l..
H. Cobb, S. E. Spring, Gen. Francis Fessen-
den and Messrs Harrison J. Libby, w. H.
Moulton, William F. Goulding and Jessie L..
Mason. Judge Barrows gave an amount in
cash for the general college expenses. A friend
of the college, who withholds his name, has
given $4,000 for the presidential fund.- The
income of this is to be paid for the benefit of
the President sort of perquiste or pension.
The money has already been deposited at the
call of the college authorities. A curious
bequest has been made recently but the mat
ter is in the hands of the President and has
not yet come up for action. A gentleman has
willed his entire estate to the college upon the
condition that certain line of his descend
ants shall be educated here free of expence to
them. The estate is said to be of considerable
value. Valuable gifts to the college have been
made by two Seniors-F. o. Conant of Cum
berland, and E. G. Spring of Portland, both
of the scientific division. Mr.. Spring has CIV
en- a collection of fine South American agates
and some fossils from that continent Mr..
Commits gift is a miscellaneous collection of
Fossils mostly from this State. He has also
made previous gift of a similar nature.
These fossils are found in the clay formation
and do much to make the Bowdoin collection
the most nearly perfect in the State. The
Portland Society of Natural History has better
individual specimens than the college-for in
| stance, walrus skeleton of the clay forma-
| ton, versus walrus tusk-but for general ex-
| cellence the collection is now the first. From
| the United States fish commission through the
| Smithsonian Institution, has been received a
| valuable collection which is waiting an appro-
priation before it can be properly arranged.
| The geological and neurological collections
| are large and growing, and are mostly avail
| able to the students for use in studies. The
| college property is now worth over half a mil
| lion, and about half is in real estate. This
| figure is given as the result of an estimate
| which was made about year ago by President
| Chamberlain, on the basis of business esti-
| mate. All the college funds are unusually in
| vested-the rate of interest being over six per
cent on an average. Bowdoin enjoys the usual
| singular good fortune of educational institu-
tions in the good quality of its investments
| and in the fidelity of those who have the man.
| agement of its funds