New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-11-02
NEWIORk UNIVERSITY FINANCES.
THE INSTITUTION SHOWN TO BE MORE
PROSPEROUS THAN EVER BEFORE AT
THE ANNUAL MEETING OF
THE COUNCIL.


The annual meeting OF the Council Of New York
University was held yesterday afternoon In the
counc-room in the University Washington square.
twenty-five members we're present. making the
largest number on record as having attended any
meeting Of the council The following were those
present: William Allen Butler. vice. president: the
Rev. Dr. Henry NJ MacCracken. chancellor. Israel
{. Person secretary; William r Havemcycr. treas
urer; William \. Wheelock the Rev. Dr. John Hall.
William ' Andrews, Lemuel skidmore the Rev.
DR.. Roderick Terry. william 5. Opdyke. David
Banks, the Rev. Dr. George Alexander Frederic
Baker, Joseph :. Auerbdch. Charles r Barney Or.
John T. Mum. Augustus n. Juil.iard Charles r.
Otis. John Claim. oliver H. Payne. Marcellus Hart
ley Charles r. Miller. Henry F. Dmock, James
McCreerY and Cyrus c. Miller. William Allen But
Ter. the vice presdent. presided.
The annual election Of officers part OF the
business OF the meeting. The venerable president Of
the University. Charles Butler who is now In his
ninety sixth year. reelected. Mr.. Butter was
not present at the meeting hut i still active in
mind, and takes keen Interest in the affairs OF the
I nversiiy William A-en Butler was re-elected
vice-prcsifent, William +. HaNcmeyer treasurer and
Israel G.. fitrson secretary. The Roy. Dr. Fcrd-
nand $ schenck and ". Wheeler Smith were elect
81 new members OF the council
The chancellor. Dr. MacCracken, presented re-
port containing compete review OF the history OF
has held office, in six OF them as vice-chancellor
and during the remainder as chancellor. Ne also
read summary Of the report II the treasurer.
From the latier's statement II wds shown thdt th"
property held by the University has grown from a
little tf0oo'o In lSSi (of which $iNo med-
cal properly largely Owned 10y the professors 10
nearly s. 800 400 the present tine. over and above
all debts and incumbrances. This H. incrcds" o.
near.y s2Goo.uo or almost four time the amount Of
twelve years ago The income his increased pro-
rortiondcly In 1873 II sl,..A 90. while nov Il
IS over S2ren gain OF $4,000, about four times
the income in lsNi
Resides the present property OF nearly GNone.
the University has assur'nc" ~ Sits for the ~
hrary building and FOR books. which viii be- made
good either m" current year or the wear following.
Tho tota! property held for educatonal US" and not
for income Including real estate furniture, etc rS-
elusive OF mortgage of SioDo'p The building at
University Heights. u 81 o6s. %. b Tn" property
held productive endowment. invested IN stocks,
bonds etc. amounts - 81 hA ~ a. present mar
kci prices The gifts FOR tn" year ending Scpi"m-
her !. iN7, inc.ndc sums from Miss Helen Gould,
Robert Srhell and William 4 Hoe. m" total gifts
for the year amounting 10 Se57.iH So The receipts
for the year have amounted - 1911 - oH and the
expenditures 10 tg5 31G - leaving dcncii u fNsl II
4 marble stain" 81 John r Ford has been pre-
senfcd nv his children and viii be placed IN IN" new
museum the pTrhcnf month. pr Motifs i.o"p
ina. given 81 IN for the department NJ chemistry.
similar gifts having been made IN the two previous