The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-05-30
AFFAIRS OF DEPAUW
TRUSTEE DODDRIDGE TALKS OF
THE RECENT DEVELOPMENTS.
DIR. Johns Costly E~ducational Policy
Investing Committee's Lax Methods
Hopeful Of the Future.
to the indianapolis Journal.

az 1ASt lAaAC All
the Journal during the past week about
the acknowledgement of the funds Of the uni
vcrsity. DIR. Doddridge protested vigorously
at being classed as q member OF the minori-
ty, but says that 1t would seem that the
former minority now constitutes the ~rnajori-
ty; thai 1t was made so when the minority
was successful in having the board pass a
resolution compelling the management TO
conduct the school within its income. He
that the endowment fund has
been used in making good the yearly def
cts of the university. but DR.. Doddridge
will not give figures. He would only answer
questions concerning matters which have
already been made public. The Doctor was
asked What is the cause Of the antagonism
TO DR.. Johns educational policy, as claimed
by the Greencastle correspondent OF the
%Journal?'
There seems" said he, ITO be an un-
fortunate misunderstanding at this point.
l have never understood that the policy or
method OF education was the question at
issue. 1t was not even discussed. So far
as 1 have been able to communicate with the
members of the joint board, none Of them
seem to understand that a difference in the
method of education is at the root Of the
difficulty. Mr.. Newkirk. Of Connersville.
states 1t correctly: No trouble about the
policy, save 1t is too expensive The effort
to secure DIR. Sims as chancellor seems to
have been greatly misrepresented. The pur-
pose was not to s~upplant present methods.
or to go back to those Anticipated, but to
avoid the necessary retrenchment by Sc
curing additional funds to supplement the
present income. 1t was not to destroy but
preserve the very best methods of education.
During most, If not all, of DR.. Johns admin
istration. the expense budget has exceeded
the income by many thousands of dollars
annually. At the January meeting The
board resolved that in the future no part of
the funds but the income should be used
for current expenses. This meant retrench-
ment and precipitated the crisis. DIR. Sims
was elected chancellor, and. pending the adj
Justment of the relation between the cham
S Ssr Ts and the pr presidents shI pr. {ohn r, resigned.
shell: "A discussion arising over the au-
thority and duties of each Sims and Johu),
tion.' The seeming antagonism may have
grown out of the fact that certain Members
OF the board have opposed vigorously the
meant ultimate ruin. 1t may also have been
an erroneous conclusion drawn from the
the condition Of the investments OF the uni
versity. You see, the investing committee
had not been reporting to the board as re.
CURED by it's bylaws. which say: They shall
of the moneys they have loaned, the rate
per cent. and the kind of security they have
taken At the June meeting of the board,
in 1893, there was no such report made as re-
quired. 1t being my first attendance upon
thought perhaps such a report could be
found on the records. On May %. 1894. an
inquiry was addressed to the secretary of
the last report OF the investing commit
tee: second. is there on record a schedule
e ty! 'nT The ssc re- shs p rePpiied n t1e a sn's i do
not find any report OF the investing COM
mittee for some time back When l became
record of investments, except the treasur-
er's. The committee, except the treasurer. did
n not Seem 70 know fp~re ahg'n any a recnrd 'h of ~ q
schedule or inventory. of the property OF
the university. or the investments. l do not
real inwareness of things and prepared a
report such as the bylaws required. but the
did not report il. Through the influence of
certain members of the joint board. the
secretary was induced to submit his pre-
dividual member of the investing commit
tee. This brought to the knowledge of the
joint board the sad condition of things pub
lished so fippantly by the Greencastle cor
respondent. If the correspondent wants TO
know the truth, let him seek this secretary,
and he will find that some of the men he
has misrepresented and abused are the ones
who We're most active In bringing to the
knowledge Of the board much that Is dis
ClOScu HI tlC Qtido LII OoS@o
more, If he is the partisan which his ar
ticle indicates, he may not desire that rad
versity. He will probably not want the re-
sponsibility placed where 1T belongs.
THE CHICAGO LAND DEAL.
"Was the board of trustees informed as to
the facts IN regard to the deal made for
Chicago land, as statedg"
Ignorance on their part was certainly
not necessary. Judge Wilson Morrow, of
Indianapolis, in his report to the board.
gave a full and explicit statement of the
facts. He quoted that part of the will
covering the point at issue. He stated
the condition of the sale, giving the total
amount as sl6O. 900 and the amount due the
university as s64.O He then set forth tine
transaction between the executors and the
treasurer concerning the Beiheld note. and.
in concluding, he said: The treasurer and
investing committee combined have no
poses as expressed in the treasurer's re-
port, but have power to retain II and col
lect the same on account OF permanent
endowment. The joint board. by accepting
said note and using IL for current expenses,
violates the conditions OF the bequest,
which will in law work a FORFEITURE on the
and Hon. Richard Tenant. or Terre Haute,
concurred with Judge Morrow in this opin-
of the agreement. But the minority were
in the minority. The transaction was con.
Summated. The condition or Things. as set
forth by the Journals Greencastle corre-
spondent. became a part of the recorded
business of the joint board by a bare ma
jority.'
There seems to be a desire to change
the name of the college back to it's original
Asbury. What have you to say on this
subject%"
cit is a source of deep regret that the
name should have been dragged into this
seemed to me that the gift of Mr.. DePauw
was most magnanimous. He Is In no way
responsible for the stringent times, or any
mismanagement. The name was not OF his
own seeking. The suggestion OF a change
is most unfortunate. 1t seems most unkind.
to say the least, TO cast any reflection on
the good name OF a man with such noble
impulses. and such a generous spirit. one
who has done so much Tor our common
Methodism."
What have you to say about the present
financial condition of the university"
Having only met twice with the joint
board in regular annual session since my
election as trustee. it would be difficult
to answer definitely your inquiry. The af-
fairs of the university are intricate and
far-reaching. There are many contingent
cies that cannot be actually foreknown.
Amid all seeming embarrassments and so
much TO discourage, ] take a hopeful view
hedged around by the resolution passed
last June. making ii impossible for the
trustees TO be borrowers. fixing the kind OF
security the board would require, and the
action of the January meeting. which conn
pels the management TO live within It's In
healthy. II will give confidence and tone up
things. / am full of hope for the future.
! have faith TO believe that it's friends will
come TO the rescue. When the informant