The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-11-03
ROCKEFELlER'S MILLIONS
Will Build Up the Chicago
University
A MILLION GIVEN OUTRIGHT
And Two More Upon Conditions Easily
Fulfilled
The Largest Donation Ever Made at One
Time by One Man to Edu-
cations Cause

Associated Press Special Wire.
CHICAGO, Nov. 2.-The largest dona.
ton ever made to an educational IN
stitution at one time by one man was
today the gift of the Chicago university,
when F. T. Gatss, representing John d.
Rockefeller, announced to the trustees
OF the institution that the eastern capt.
talist had determined to add SO, 600, 900
to his already muniicent donations. The
announcement was made at the meeting
OF the trustees.
purpose OF comforting with Mr.. Gates, who.
it was understood, was in the city as Mr..
R0ckefeller's representative. to talk about
the needs OF the great institution OF
learning. Before the conversation bad
been carried ON a great while, Mr.. Gates
read the following communication from
Mr.. Rockefeller:
NEW YORK, Oct. 80, 1896,
% Broad way.
To the Trustees of the University Of Chi
cage, I. W. Goodspeed, secretary:
Gsntlemen:-I will contribute to tho
University of Chicago $1,000, 600 for en-
dowmsnt, payable January I. 1896. in
cash or at my option approved interest
bearing securities at their face market
value. l will contribute in addition
", 900, 600 for endowment or otherwise
as may designate. payable In cash or
at my option in approved interest bear
ing securities at their face market value,
but only in a matter equal to the contrl-
butt ans of Others in cash or Its equiva
lent, not hitherto promised, as the sam e
shall be received by the university. This
pledge shall be void as to any portion
of the sum herein promised, which shall
prove not to be payable on the above
terms on or before January l, 1900.
JOHN D. ROCKEFELLER.
Following the reading Of the letter
there was general handshaking and con-
graduation.
Some time ago committee Represent
ing the trustees proposed to visit Mr..
Rockefeller for the purpose OF comforting
with him regarding the needs of the uni-
verslty. Mr.. Rockefeller replied that a
trip to the east would be unnecessary,
and announced that he would send Mr..
Gates to Chicago to represent him.
To the latter gentleman the trustees
said they needed $4,000, VOC to place the
university in position to do the work
that had been originally outlined for it.
Mr.. Gates left tine city to confer with Mr..
Rockefeller, and the announcement made
TO-DAY was the first word that had been
received in Chicago regarding Mr.. Rock
efeller's feeling in the matter. OF this
latest gift. $1,000, 900 goes to tile uni YER
sty Internationally. To the remaining
". 900. 900 the proviso is attached that
the trustees are to raise a similar amount
or its equivalent, between this Tins and
the beginning Of the year 1900. The ad-
ditional money is to be exclusive Of any
that may be pledged at this time. The
trustees say that they have not the least
fear of not being able to raise the full
amount. and assert that the entire S.
OC0, 900 is already as good as theirs. But
even should the trustees be unable &c
raise the $1,000 900, MIR. Rockefeller
offer will not become wholly. imperative.
for the reason that he agrees to offset
gifts as fast as they are made, up to the
81, 900. 900 limit.
1t is the purpose Of the university
trustees to acquire moro land for q
campus, and also to erect all the build
ings MS originally Planned.
Mr.. Rockefel!er's generosity to the uni
versity in past years is we'll known. Not
only was he its principal founder. but his
interest in its welfare has been constantly
on the increase. He has already given
the institution $4,000 600, and the addi-
tional endowment announced today swells
the total amount to 81, 800, 900.