The Indianapolis journal., 1895-11-03
GAVE $3,OOO,OOO MORE
ANOTHER GENEROUS DONATION TO
CHICAGO UNIVERSITY.
John ID. Rockefeller Has Increased
His Gifts to S7.4OO. OO.OOO-Condition
of the Latest Endowment.

CHICAGO, Nov. 2.-The largest donation
ever made. to an educational institution at
one time by one man. was that made to-day
to the Chicago University. when F. T.
Gates. representing John D. Rockefeller, an
nounced to the trustees of the institution
that the Eastern capitalist had determined
to add $3.000.000 to his already munificent
donations. The announcement was made at
q meeting of the trustees. at which there
were present Martin A. Ryerson, president
OF the board; DR.. w. r. Harper president
Of the university; DIR. w. +. Goodspeed,
secretary; ID. L. Chorey. d. 1. Hamilton,
Willard A. Smith, Andrew McLeich. Charles
Hutchinson. H. H. Kohlsaat, w. H. Holden,
and II. A. Rust. controller OF the university.
The meeting had been called for the pur-
pose OF comforting with MIR. Gates. who it
was understood was in the city as Mr.
Rockefeller's representative to talk about
the needs of the great institution of learn
ing. Before the conversation had been car
ried on great while Mr. Gates read the
following communication from Mr. Rookie
feller. addressed to the trustees. under date
of New York. Oct. 80:
"Gentlemen-I will contribute to the Uni
Versity or Chicago 81 10000 for endowment,
payable Jan. l. 1885, In cash or at my op-
tion. In approved interest-bearing securi-
ties at their fair market value. L will
contribute in addition $2000OQO for endow-
ment or otherwise as L may designate.
payable in cash at my option in ap-
proved Understanding securities at their
equal to the contributions of others in
cash or It's equivalent, not hitherto prom
ised, as the same shall be received by the
This pledge shall be void as to any por-
ton. Of the sum herein promised. which
shall prove not to be payable on the above
ne Ton
very truly.
JOHN D. RoCKEFELLLER.
There had been no intimation of the In
tention OF Mr.. Rockefeller to bestow any
such gift on the university, and the trus-
tees were so wholly taken by surprise
that 1t was some moments before the si-
lence which had come upon them when the
reading of the letter began was broken.
Then there was general handshaking and
words of gratulations.
Some time ago a committee represent
ing the trustees proposed a visit to Mr.
Rockefeller for the purpose OF comforting
with him regarding the needs of the uni
versity. Mr.. Rockefeller replied that trip
nounced that he would send Mr. Gates to
Chicago to represent him. To the latter
gentleman the trustees said that they need
position to do the work that had orig
inally been outlined for it, Mr.. Gates left
the city without intimating his opinion OF
the probability of Mr.. Rockefeller approv-
ing of the plans of the trustees, and the
announcement made to-day was the first
word that had been received In Chicago re-
garding Mr.. Rockefeller's feelings in
the matter. OF this latter gift
$l,OO0000 goes TO the university uncondi-
tionally. OF the remaining 81. coo. 900 the pro-
viso is attached that the trustees are to
raise a similar amount or its equivalent be-
tween this time and the beginning of the
year 1900 This additional money is to be
exclusive OF any that may be pledged at
this time The trustees say they have not the
least fear of being unable to raise the full
amount, and assert that the entire s., 100000
is already as good as theirs. But even
should the trustees be unable to raise the
s., 900 900. Mr. Rockefeller's offer will not be-
come wholly Imperative for the reason that
he agrees to offset gifts as fast as they are
made up to the s2O00.OO0 limit. BY this
means every dollar given the university dur
ing the next four years will represent double
it's face value.
1t is the purpose OF the university trustees
to acquire more land for a campus and also
erect all the buildings originally planned
When these are completed 1t is said the
Chicago University will be the finest and
best-equipped institution of learning in the
world. Mr.. Rockefeller's generosity to the
university in past years is well known Not
only was he its principal founder, but his
interest in it's welfare has been constantly
on the increase. He had already given the
institution A 10000 and the additional en-
dowment announced to-day will swell the
total amount TO $1,000, 900.