Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-01-11
THE UNIVERSITY.
The Node Of AppEyiag its Rereaaes Dis
credits Good business J1tdqMeat.

The Node Of 44pplyiag its Rereaaes Dis
/ credits Good Business Judgment.
| I presume every friend OF popular edu-
ton desires to see this institution fostered
and encouraged until its success is fully
realized, and it becomes the pride of the
t state TO which every poor boy as well as
( the rich can look for finished education
at home, with Texas ideas, associations
| and ways, and it is certainly desirable
! that the education here afforded should
not be inferior to that which may be OBJ
! tanned abroad While we feel a laudable
ambition in the possession of a
university of the highest grade, as was
clearly contemplated by its founders and
| the requirements of the organic law, yet
| in view of the fact that it is dependent III
| its operation upon such revenues as may
| be derived from its permanent funds, and
| looking at the matter from purely bust
| ness standpoint it is my deliberate judg-
ment that it is not only violative OF sound
business principles, but extremely haz-
ardous to its permanent growth and
! standing to continually enlarge its scope
| beyond its available revenue upon hopes
| and expectations so apt to prove deiusfve
and unsatisfactory It's present in
Z
of regents who are laboring so patrioti-
cally and unselfishly in its interests,
much good reason to impeach the wisdom
of the scheme for the immediate estab-
lishment Of the medical branch at Gal
weston, to be run on starvation plan,
while putting the university upon still
shorter rations. This mode of applying
its revenues certainly discredits good
business judgment, and seems to be the
profusion of the prodigal rather than the
judicious generosity or justice which con-
fers real and lasting benefits.
1t is a matter of deep regret that its
mtnifieent landed endowment has been
so poorly utilized and developed. The
report of the commissioners of the land
Office sets forth clearly and definitely an
exposition of the situation of these lands,
showing the causes initiating against
their lease or utilization when brought
into competition with the common school
lands so much more desirable and adj
vantageOusly located, and both he and
the regents present for your consideration
some practical remedies which in their
Judgment are necessary to a more certain
and satisfactory development of the uni
versity's resources.
As the board of regents is composed en-
tirely of gentlemen fully Impressed with
the cares of their private business to such
an extent that they could not be expected
to devote their personal attention to the
management and proper supervision of
large public landed interest, and would
necessarily have to establish kind of
branch land office to be run by such
agents as could be obtained for the work,
the proposition to turn over the lands
belonging to this special interest has much
connected with it which does not
commend the suggestion to my judgment.
And at the same time the history and ex-
perience of similar interests in other
states seem to show that it has proven
wise and judicious in the states men
toned. The legislature is the trustee
charged with the duty of making all
needful regulations for the disposition of
these funds and the proper disposition
and control of it's lands, and to your SUI
perioF judgment and discretion, | win
most cheerfully defer.