The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-08-11
THE DE PAUW ENDOWMENT.
The Committee of Asbury Trustees
Appeal to h Public.
The Plan Proposed to Comply with the Con-
ditions Imposed by MIR. DePauw-
The Importance of Action.

The committee Of the board of trustees of
Asbury University, appointed to report TO the
public the general status of the enterprise of
%ndowing the institution, and TO make an appeal
to the people for help, have issued a circular,
setting forth the condition OF the university,
and proposing a plan for the fulhllment of the
conditions imposed by Mr. DePauw upon the
of the college. The circular is of
interest to every friend of Asbury University.
and a portion of 1t is, therefore, republished by
the journal. The plan is as follows:
'First-That the recent gift of Robert Nc
Kimm shall be made equivalent to $4,000 cash,
without conditions.
made equivalent to $4,000 cash, without an
nuity.
~'Third-That four or more persons entirely re-
sponsible shall execute a note or notes for $780,
900, payable in - years. with interest at 7
per cent. per annum, payable annually, until
snoh time as the Swisher beQuest shall be re-
ceIved.
''Fourth-Thattw twenty entirely responsible per-
snls, or ass ociations Of persons, shall each give II
satisfactory obligation for So, 500, bearing inter
estat7 per cent. per annum, payable in five
years from date.
"F1fth-That any sum which may be given
otherwise than in accordance with the proceed
ing four items, shall be credited toward the
5000 which it is proposed 80 raise.
"If these ttve conditions can be complied with,
the university Will gain
From the first. 5000
FROM tne secono 2'00o
From the third 10000
From tine fourth. 1000
900
"From the fifth such sums as will make up any
deficiencies in the four preceding.
at ia therefore urged by the committee that
no effort be spared by any friend Of the univers-
tty, TO the end that such sums may be secured as
will make certain the desired result"
More particularly the committee desire to
make an appeal and to urge upon the people sew
eral recommendations.
First, the public must know and understand
the present straitened condition of the unlver-
sity. Notwithstanding the increase in students
and the manifest prosperity of the institution,
the trustees have been obliged, in the face of an
alarming deficit of $11 500 to abolish two iRl-
portant professorships and to cut down the sala-
ries of the remaining professors to an almost
disgraceTul figure in order to bring the current
expenses within several thousand dollars of the
income. Let this fact be laid to heart by every
sincere friend OF Asbury University.
'Again: The probable increase of students for
the ensuing year will inevitably augment the
difficulty under which the trustees and faculty
are laboring. Asbury University has reached a
crisisin her history. Whether she shall be able
to stem the tide ia a question which must soon
be decided in the affirmative or negative by
those to whom she has a right to look for help"
"With a view of saving the university in its
present efficiency, no less than with the hope of
securing muniticent gifts from Mr.. DePauw, we
therefore most earnestly and anxiously present
to the friends of the institution throughout the
State the Following recommendations;
"First-Thatt the citizens of Greeucastle and
Putnam county make haste to secure the full
amount remaining unsubscrihed and requisite
for the purchase of the additional eampuses.
q "Seoond-In view OF the various and embar-
RAISING conditions inserted in many OF the OBJ
legations already taken, and in view of the
pressing wants Of the University, we specially
urge upon all persons, VINO, since the beginning
of the present effort have made subscriptions or
executed notes conditioned upon raising the
whole sum of &l5 {, 600, that they substitute
therefor new Obligations, made without condi-
tons, to the trustees of Asbury University.
"Third-That every friend of the institution,
In every part of the State, exert himself to the
utmost to secure and forward TO the treasurer,
Colonel John W. Ray, the largest possible
amount Of new unconditional notes and sub
aThe committee have consulted freely with Mr..
DePauw since the adjournment of the board,
and we feel warranted in saying that if, between
the present and 4th day of October, the above
three conditions are fulfilled, according to the
measure of what may be FAIRLY aud reasonably
expected in the premises, then a liberal and salts
factory provision for the future development OF
the university may be expected from Mr.. De-
PAW. If these conditions are not met in a lib-
eral spirit, then the whole enterprise, in its lead
Ing features, will have proved a failure. We.
therefore, invite the particular attention of
every friend of the University to what is here
presented.
s"To the end that we NAV still succeed in this
magnificent enterprise, we therefore exhort and
beseech every friend of the cause of Christian
education TO rally to the rescue. The crisis is
upon US. IL is give a little and gain everything,
or give nothing and endanger all. We have a
right to expect that no sincere man or woman
will read this statement with apathy of indif-
ference. Let each one lay the great matter TO
heart and so to work in the cause. Let every
community in the State be at once organized.
Not q moment is to be spared. Your committee
tell you frankly that there is imminent danger
of failure. We are brought face to face with the
issue. We also tell Won that there is a fair proba-
bility of success. Courage presidency and
sacrifice will now bring us to the goal. If all do
their duty, we shall succeed. If only a few,
then we shall fail. Let no one in this great
emergency In the educational history of In
diana put his responsibility upon another. Come
60 the help of our university. Give literally to
the cause. Do something to save this magni-
icent work from collapse and disgrace.
'LeG every SUN subscribed and secured in any
way or aDywhere by anybody be at once re-
ported TO John W. Ray, Indianapolis. Remem-
Der the battle must be fought now. PIocrasJina-
ton means ruin.
Orally one and all! Press this grand work to
a successful conclusion, and the future will call
us blessed By order of the boa I'd.
''THos. BOWMAN,
"ALEx, MARTIN, }Com.
HIo4S q RYDpATu