New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-01-19
TO AID JOHNS HOPKINS.
ruE UNIVERSITY EMBARRASSED BY THE
PASSING OF THE B. AND o. DIVIDEND.

A GREAT PART OF THE ENDOWMENT LooAbD
rp IN THAT RoAp-rwo PLANS FOR RELIEF
--sArrrMoRE. MEN STARTING FUND.
fBY zRLEaRArH TO THE TEIBUsEl
baltimore. Jan. ls.-The finances Of tho Johns Hop
k,na University are running low, owing to the baiu-
more and Ohio Railroad Company passing aus oVi-
dends upon which mainly the University uepenueo tor
support. Johns Hopkins endowed the hs''u.'un WIN
"a 500 900 great proportion Of which fund Is locked
M In the Baltimore and Ohio PRESIDENT human mas
ntimated the possibility Of the need OF an emergency
fund to tide over the financial dicuiues' wnlch are
monthly increasing 1t is not probable that the Cni'
varsity win cease operations Although the Baltimore
and Ohio stock may not be paying dividends 1t has
arketable value and is therefore by means dead
loss The mere intmation By President Gilman of the
possible financial emba!rsssmentof the university ma
La "a a practical movement for relief by prominent
citizens Within the last two days seven men have
offered to contribute $1,000 each provided sufficient
number of similar contributions shall be made to bring
the total to 100000.
Tho trustees have in mind two other measures Of
relief One is an emergency fund, contributed by the
alumni Of Johns Hopkins. and by institutions the gradn
ates Of which have enjoyed the generous and unex'
elled opportunities for advanced study given By the
Johns Hopkins. Another plan is the endowment oi
chair department with funds likely to be
productive for all time the presentation for some
specific and practical purpose of largo sum Of money
hy friends of the University In particular, and Of
higher education In general
obviously the nrst plan Is at present rather I'm
practicable. The University has not had time to send
forth large number OF graduates upon whom II can
call as did Harvard after the great fire. Since 1873
1T persons have become Bachelors Of Art and
Doctors of Philosophy. Included in the latter two
score who previously had obtained their bachelors
degrees at the Johns Hopkins. Nearly all of these are
men In moderate circumstances who, although willing
could give but little assistance For several years the
income Of the Johns Hopkins from tuition fees de-
rived principally from fees paid by students from Dali
tmore and the States Of Maryland North Carolina and
Virginia About $4,000 was spent annually iii pay
ing twenty fellows. and $4,000 in paying twenty
graduate scholars, the majority of whom came from
other than the three States mentioned above
Recently rule was adopted requiring fellows and
graduate scholars to pay tuition fees, and in this
way tho expenditures of the institution have been
diminished number Of free scholarships have also
been conferred yearly upon undergraduate students
Of Maryland Virginia and North Carolina. The in
come from students has. therefore. been somewhat
limited; but larger number Of graduate and under
graduate students from all parts of the country
now attending the lectures and the amount OF money
obtained from this source Is becoming greater, al
though al rate hardly commensurate with the In
ereaslng expenses Of the instruction =, a..
best objects for endowment. While IN the beginning
tho University idea predcmnased at the institution,
later years have demonstrated the necessity for q
collegiate branch Of the work The students from
baltimore and other parts of the country are be-
nnmbsr Of proessors devote their time 10 dancSe
collegiate work largo fund placed at the dis
posal OF the trustees would enable them 10 increase
some ono at It's head who would devote his whole
time and thought 10 It's development