New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-11-01
By thi. union the estate Of tho college in

The Vanderbilt Clinic also has special fund OF
$4,000. This a real contribution to Columbia
for without the consent OF the Vanderbtlts tho
consolidation could not have taken place Under
these circumstances the consent 30 given amounts
In reality" SAYS President Low. ITO a gift on
their part to Columbia College assuring Columbia
OF their goodwill. and pointing out 70 the COM
munty the way 10 the development In New-York
OF university which shall be worthy Of the city.
But the above amount by no means represents
all that the Vanderbilt family has given to Column
bia during Seth Lows presidency. In 6go the sons
OF the late w. II. Vanderbilt gave 900 for the
enlargement OF the Vanderbilt Clinic and Of the
College Of Physicians and Surgeons, while Mr.. and
Mrs. William D. Sloane gave $4,000 for the en-
largement and endowment Of the Sloane Mater
nifty Hospital In this institution there are now
40 beds endowed In perpetuity owing to the gen.
crosby OF Mrs. Sloane. Cornelius Vanderbilt. too,
gave $4,000 toward the purchase Of the new site
on Mornings!de Heights. making the total benefac-
tons OF the Vanderbilt family Columbia not
less than 1850 900 during tho years Of Seth
Lows presidency.
Mr. LOWS OWN GIFT.
The next great gift TO Columbia came from Pres
idcnt Seth Low himself who on May G. 1898. Of
fered to become responsible for the cost Of the
new University Library. the gross amount offered
being 81 10000
Such a present was never before offered by
college president, and the trustees showed their
appreciation by founding twelve Brooklyn scholar
ships and by a Seth Low professorship of Ameri-
can history the first incumbent OF which is Pro-
fes.or William NJ. Sloane a Columbia graduate
Of 1868
In Seth Lows administration. too. began the
foundation OF the Avery Architectural Library In
1890 Mr. and Mrs. Avery presented $4,000 to Columbia
in memory of their son. Henry o. Avery. TO found
an architectural library Since then their benefac-
tons have reached the sum OF 100000. The Uni
versity has also received the J. Pulitzer fund of
$4,000
COLUMBIA's REAL DEBT
The real debt OF Columbia Is not over $4,000
The following statement as to the cost OF the
new site and receipts against this expense Is from
official sources:
The new All. .......................s2 100000
Arrangement Of same including grading tene .,o o.,
ing architects fcee. csoS..,
Eneineer,nx and physics buildings .......... 6oocO
University Hall. including power-house and gym a., ~
nssiun ''.''''...''.....''' '''' '''''' '
ro,a, ..................s320 S go
Against this there must be placed the following:
Subscriptions to ste........'''''' We .,a 40
William c. schermerhorn.. 400 900
fayerweaihcr legacy o.
~" Fs"'s '''''''' '.''''''''' -
Leaving balance Of. 800 500
From this sum must be deducted:
Value Of the Madsonaye property estimated at i2oo
ro,s, .............. 81 500 oOD
Wbicb ,c,yos a no, dehi ~ ',........... l.l750OO
This cannot be considered large when II Is recoi-
lecfed that the corporate wealth or Columbia now
amounts to over $4,000 O0. considerable part OF
which gained during the presidency OF Seth
Low
Money is necessary to any institution. and 1t is
necessary to Columbia which is giving such ex-