The herald., 1897-07-03
PASADENA

PASADENA, July 2.-(Regular Corre-
spondence.) The annual report OF DR.. NOR
| man Bridge, president of the board or
trustees Of Throop Polytechnic institute,
has been issued and fom it the following
facts and figures are culled:
Property-The corporationf owns the
| following: The grounds on Chestnut street.
on which the institute buildings stand. es-
| timated value, $4,000; east building. esti-
mated value $4,000; west building, esti-
mated value. 10000; machinery and other
equipment. 500 900: other property. includ-
f, ing real estate, Mount Wilson bonds. Los
| Angeles bank stock. ETC., to the value of
s23,140 total. s113,140
| The Throop estate is now in process of
distribution by the court and the insti-
tute will probably soon be in possession of
| its share of the property, which the exec
utor estimates will be approximately as
| follows Real estate, various lots and
| tracts. at least nineteen in number, esti-
mated value, SIG, 100; bank stock, bonds.
etc.. s21, $50; total, $3S,420 Add to this the
property of the corporation aside from the
school buildings and grounds, or $23,14O,
and we have total of $61,56O, as approx
mately the endowment of the institute from
which we can hope to receive some sort of
| an income some time.
| Debts-The debts of the corporation are
as follows: One mortgage on real estate
at Z per cent. $4,000; one mortgage on real
estate at per cent. $4,000; one note at 5
per cent, s5400; total $25400. During the
year 1923, 400 has been borrowed and $4,000
of debts paid Off at a saving in interest of
about l per cent per annum.
| The expenses for the year 1867 are
shown to have been $22 9S3.63 and the in
come SIG. 6.642.12. showing a deficit of $6341.
The estimates for the coming year foot
| up $21 900, estimated income $4,000, leav-
| ;,,r Gnlt of o,aIx d
ment of the teaching work and better econ
omy of the labors of the faculty, it has been
found possible. without impairing in any
| degree the efficiency of the work done, to
dispense with the equivalent of two and
one-haf members of the teaching body.
This represents the major part of the saw
ing in the salary expense of over $4,000.
Attendance-During the year 200 individ-
ual pupils have attended the four depart
ments of the institute, of whom 80 were
girls and $50 boys. They were distributed
as follows: College department, 8; academy,
116; Sloyd normal department, 10; Sloyd
grammar school. 6S; Counted twice, %
total 202.
| Educational Department-No year in the
life of the institute has been more fruitful
| of good educational work than the one
just closing. The best of feeling has ex-
| listed between teachers and pupils There
have been comparatively few complaints
from patrons. while the friendship and
interest shown by the public in the work
of the school are certainly encouraging.
Our citizens are coming gradually to see
! the enormous value of the institute to the
community and to regard themselves as
in some way responsible for it.
| The Pasadena Academy of Sciences has
been formed of faculty, students and citi-
! zens. 1t has undertaken the good work
Of conducting scientific investigations in
Southern California. If this can be kept
up it will be of great benefit TO the COM
munity, as well as to the institute. Our
museum will be enriched still further by
the labors and collections of the academy.
and the school WILL it is reasonable to
hope, gain even more from it in other d.
rections.
The museum is in process of reorganiza-
ton. Prof c. F. Holder was last year
made honorary curator and Is giving it
what personal attention he can. without
salary His efforts have been ably sec
onded by the assistant curator Mr.. Joseph
| Grinnell.
| The library of the institute numbers 800
volumes exclusive of pamphlets and valu-
BILE reports.
ommendations-The prospects for
the institute of a larger career of useful
ness and honor in the educational world
and for the good of this community, were
u
urgent duties confront us. -.
First-The debt should be gradually re-
duced, and in the near future be paid off.
Notes and mortgages hanging over an in
sttution of this sort are always wither-
ing menace. If the debt cannot be retired
by donations, then some of the lands and
securities at our disposal should be sold
for the purpose ssoon as they will bring
fair rice.
Second-The annual deficit in current ex-
penses. If deficit there must be, Should be
taken care of each year and not be al
lowed to pile up.
Third-The standard of the school, al
ready good, should be gradually raised.
OF its class it should be second to none
Moreover, it should grow into closer re-
lation with the industries in this quarter
of the country; with the agriculture, hor-
tculture. mining and manufacturing Of
this people. The school is for the people,
1t should elevate, help and dignity them.
Then, in turn, some day they will help to
endow it.
Fourth--It is now evident how small our
available endowment really is 1851. $500. and
how little We can expect from it for the
coming year-not more than the interest
on our debt will absorb. The greatest need
is for more endowment. but this will be
| FASTENED by inducing a large number to
give each year little.
MOUNTAIN VIEWS
There are several collections of very
fine mountain views on exhibition at the
board of trade rooms the property of the
Sierra club. placed there through the ef-
forts of Mr.. T. p. Lukens. one of the Pas
adena members of the club and an en-
thusiastic mountain climber. They will
remain there for some days that the peo-
pie of Pasadena may have an opportunity
to examine them. Mr.. Lukens has prepared
a brief statement of the objects of the
club. and would be very glad to take the
names of all who wish to join. The prime
object of the Sierra club is the preservation
of the forests and the furnishing of liter
ature and illustrations of the grand
scenery of the Sierra Nevada and Sierra
Madre mountains, to map and otherwise
make accessible for all the heretofore in
accessible grandeur of the mountains
Prof. John Muir is the president of the So
ciety, wel-known as the most enthusiast
tic mountaineer of the whole country, as
we'll as a man Of great attachments in his