The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-05-12
FINANCES OF DE PAUW
TRUSTEES DEVISE MEANS OF BRIDG-
ING OVER A DEFICIENCY.
II Arises Through the Terms of the
De PAW WiII-Qucstion of
State schools

The trustees Of De PAW University held
a largely attended meeting at the Bates
House yesterday to consider the question of
finances. DIR. Goblin, president of the uni
versity and the following trustees were
present: William Newkirk, esq.,, Conners-
Vile; Hon. Glenn Studebaker, South Bend;
Hon. Granville Moore, A. M, Greencastle;
Richard S. Tenant, A. M, Terre Haute;
Hon. Jonathan Birch. A. M, Greencastle;
Henry j. Talbot, D. D., Indianapolis; Rev.
John H. Doddridge, d. ID, Bloomington;
Charles G. Hudson, d. D., Elkhart; William
D. Parr, u. D., Kokomo; George /. Curtiss,
d. D., Columbus; Rev. Edward 3. Rawls,
A. NJ, Indianapolis; Hon. James Finley
Elliott. Kokomo; Rev. Marmaduke II. Men
denhan, d. D.. Union City; Hon. Hugh
Dougherty, Button; Rev. Charles E.
Bacon, Evansville; Charles w. Smith, esq,
Indianapolis; Rev. Deloss NJ. Wood, Green
castle; Rev. w. II. Hickman, d. D., Terre
Haute.
When washington c. DE PAW died his
will provided that the estate might be set
tied after ten years and that the university
should have As per cent. of the proceeds.
In order 20 provide funds in the meantime,
he beoueathed 800, 600 divided into annual
installments beginning at something less
than $40. COO and increasing annually. Last
wear IL aInOGIlGQ 10 3l0iOOV dIQ. IN 49,
{ust closed it was $40, 900. While the estate.
under the Terms cf the will, could be settled
in ten years, the executor was given nlleen
years to dc 1t If it should prove necessary
The ten years has expired and the uni
versity IS making an effort to nave the
estate settled as soon as posslple' put unuet
the most favorable conditions thlS cannot
he done for a year and II may require Two;
Thus there would be a deficiency OF $l9,VU
per wear in the funds of the university
during the next year and possibly the year
following, if 40 measures were taken 10
The university is in a fourishing condition
and has now one hundred more students
than it had a year ago. The expenses
amount to about 1900 per year ana me
income. aside from the De Paw bequest,
averages abount $35, 900 per year. IN order
to keep pace with the progress OF the UNI
yersity, 1t will be NECESSARY 6 : state 40 ass Is settled.
but the board has no doubt OF It's dplnty
to raise this amount OF money. Inc unly
question discussed in this connecuon yes
terdav was the most equitable method OF
adjusting the burden among the Iollowins
of Methodism in the state. NaTiUnS Secciiddnd
that the president Of the university with
the heads of the finance ana puisSt LII
mittees should make out 4 c"nfribmte and
notify each one of how much, was eXpeCteu
Of him The contributions. asked VIII range
from 500 o from - some small r. amounts
The regular budget was discuSssu 4hhaa
approved and it was Iounu aeersifv has
no debts to carry over 10 the next year,
so that II is in good shape 10 meet 'he
The question of the struggle between the
state and nonstate schools so vas If fa the board oerdi
ma haan completed and it was the general
opinion that extra s eff9rts 9ho@5e o hol Sg''
toFlh " the nnembers of the board, that
S y tb ei 9on'state schools keep W their con-
Slant efforts toward higher STANDARDS, tnsy
Iii continue to attract students ana tht
~ p.iIi i'm time realize the fact that
the expenditure Of money wrung IRON M them dnn
by taxation IS not nsGessddS Ho