New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-06-26
FINANCES OF WESLEYAN UNIVERSITY.
LOSS BY GEORGE l.. sENEY's FAILCRE-SiEErTSC
OF TRUSrEEs-CLASS REUNIONS.
lBY TELEGRAPH TO rHz rRIBUSEf

lBT TELEGRAPH TO rHz TRIBUSE.i
MDDLETOwN, Conn, June 25.-There Is no
doubt that the financial resources OF Wesleyan Universe
y have badly crippled by the failure Of George L.
seney Just what the OF loss will be it impOs-
sble determine at present. but It s certain that the
forty seney scholarships for which Mr. seney pledged
100000 lost and that the endowment fund has been
seriously impaired committee Of the Board OF Trus
appointed to-day examine the matter and
certain the value of the securities held by the COZ
lege. The financial problem the subject OF long
and anxious consultation last night on the part Of a
joint committee OF the uustees and faculty.
This morning trustees held the last session OF their
annual meeting. 1t decided that the utmost
omy and rerenchment in expenditures necessary
all directions II thought that outside OF the salaries
Of the faculty reduction OF $1,000 is essential
luton OF sympathy with Mr. Seney In his misfortune
adopted and OF his sOns, Robert Sen>y elected
a trustee. Other elected Bishop Cyrus d.
Foss, c. C. North. the Rev Dr. william Rice, Charles
Scott, the Rev. Dr. S. F. Upham. Andrew
Longacrc. and the Rev. DR.. j. II. Buck
Icy. Oliver HOyt reelected president
of the board the Rev. E. W Burr secretary, and william
Hoyt treasurer committee was appointed report mt
the next annual meeting in reference to allowing
alumni present at the university to take part in the
election of trustees and favorable report on the sub-
iect expected minute In reference 10 the death OF
trustees. Andrew " Stout of NewYOrk, and John +.
Judd of Hartford adopted. and Bowles Colgate Of
New-YOrk, substituted for Mr.. Stout the
mttee investment OF the funds OF the university. II
reported that decision IN tho Hollis viii
ease favorable to the college has been rem
dered by the New-YOrk Court OF Appeals,
will the institution will receive ultimately about
$4,000. II is understood that during considerable
part of the college year President Beach will be
gagged in travelling through the country and eDdeayorng
10 money for the university In his absence Pro-
fessOr j. NJ Van Week, who Ills the chair Of nathcna-
les and who is the oldest member Of the faculty IN point
OF service. viii lie acting president
feature Of to-day the reunions OF the classes OF
'59, 80 "a. II and 81 Some OF these were
well attended and successful only four 80
here. they dined with one
Of their number. Professor {. T. Winchester
The class of ~ represented by twe mem ont
OF thirtysx, larger proportion than usual They
iOyed dinner at the McDOnOugh House. This morning
the business meeting Of the Alumni Association held
in the chapel. Professor Thomas r. Lindsay. of Boston
University, yce-presideut, presided. The Rev George
L. Reed Of Brooklyn elected president. The
important business the election Of two trustees OF
the college Colonel Watson C. Squire and Stephen II.
DIN reelected. vigorous and much needed rain
began about 4:30 p. and continued far into the
ing IL badly nerfered with the Of the Alumni
festival which took place Ia the college chapel.