The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-28
ANOTHER MILLION DOLLARS
J. b. Rockefeller Gives Chicago Univer-
sity a Magnificent Christmas Present.
his Fourth Subscription. Making HIS Total
Donation to the Crest Western lnsti-
tuition Of Learning $4,000, 900.

CHICAGO, Dec. 2I.-John d. Rockefeller
has made another gift to the University of
Chicago. The sum is understood to be
over 81. 10000 but the exact figures are not
given out. For the last two months the
trustees of the university have been en-
deavoring TO persuade Mr.. Rockefeller to
give them 81, 900. 900 in order to carry out
some of their cherished plans. I'll New
York capitalist objected to giving that
sum outright, but submitted q proposition
tor q vast sum to be gwen. providing cer-
tain plans which be suggested be carried
ont. This proposition was submitted TO
the trustees to-day. II cannot give you
the exact figures" said one of the trustees.
this afternoon. but l will saw through
the generosity Of Mr.. Rockefeller we have
now q fund which will enable President
Harper to carry forward the institution on
the broad basis which he conceived for 1t.
1t Is o noble gift, indeed. and il Is we'll for
Chicago and the world that such philan-
thropists exist"
The following letter. dated New York.
Dec. 20" addressed to the trustees OF the
university, was made public Tonight:
G~entlemen-I will give to the University of
Chicago one thousand five-per-cent. bonds OF the
par value OF = ZOO. 900. principal and interest
payable In gold. The principal or this fund Is 10
remain forever a further endowment for the
university, the income TO be used only for the
compensation OF Instructors. reserve the right
to designate at my option the instruction 10
which the income shall be applied. | Will de-
liver these bonds Dec. 2. 1898. Sincerely yonrs.
JOHN ID. RoChEFELLER.
This is Mr.. Rockefeller's fourth great
su absorption to the university and raises
the total amount of bis donation TO $1,000
600. The first was made in May. 1897. for
the purpose OF founding an Institution OF
learning in Chicago. The amount was
S600.0 00. The second was in September,
1890. for the purpose of enlarging the scope
OF the institution. The amount OF this SUBJ
scription was $1,000, 600. The third wes
made In February of the present year for
the further endOwment of the university.
aud the terms Of the su Inscription were:
'One thousand fve-per-cent. bonds of
the par value of 81 coo each" The fourth
is OF the same amount amount as the third.
and In similar interest bearing securities.
Mr. Rockefeller has evidently felt that IL
be manifested q liberal interest in assur-
ing large endowments to the university,
the citizens of Chicago would show q like
liberal interest III providing Its external
material equipment. Citizens of Chicago
have during, the present year made contri-
buttons and subscriptions to the funds
of the university aggregatlng about
5 1.50o, 600. Tho latest GIFT of Mr..
Rockefeller makes the endowment fund of
the university over S4.3O0, 00O. the odd $500
000 belonging to the divinity school. This.
when oil paid in. would give an income of
S200. 0G0 a year for instruction. The true-
tees will at once call on the city to respond
to Mr.. Rockefeiler's gift with q contribu-
tion of 100000 for equipment. Every in.
crease in endowment funds makes an in
crease IN material facilities for work i'm
p~eratively necessary. n the university
will now ask Chicago to give 1t $4,000 for
books. $50, 00O for improving the grounds.
$4,000 for apparatus and furniture and
other equipment. and $500. 600 for buildings.
These are the present imperative needs or
the university.