The daily morning journal and courier., 1899-06-06
YILE NOTES.
A Word or Two About Two Important
 Places at Xale.


 Concerning one of the matters which the Yale corporation will have to act | upon before long the New York Even ing Post in it's Saturdays issue re- marks:
 "President Hadley, at the opening of his administration will face the ques- ton of filling, through the corporation the important places of secretary of that body and of treasurer of the uni versity, made vacant, respectively, by the resignations of MT Dexter and W. w. Farnam. Mir Dexter has been an invaluable officer of the corporation for many years. Gifted with a most reten- tive and accurate memory, versed deep ly in Yale lore and traditions, and most rapid worker, his assistance has been of the utmost importance at meet ings of the corporation, members of which testify warmly to the pleasant ness of their relations with him and to his intense loyalty to the university. The position has of late risen in import ance with the expansion of the univer- sity as a news center, both for the uni versity newspaper and for those out side of it. Between the press and the university, the secretary of the corpo- ration has become a connecting link. Especially has this relation come to be of moment in the official announcement of news following meetings of the cor poration, and it involves often, matters of considerable delicacy in form or treatment.
 Tn a different direction there has been much the same growth in the re- responsibilities of the treasurer's office, which MT. Farnam has filled with the greatest financial success, joining fidel- ity and system in his office With acute knowledge of investments. The old method of reports has been followed, however, in the office, as result prob ably, more of the momentum of univer- sity habit than of the treasurer's per sonal wishes. The annual statements may inform the corporation or pruden- tial committee-with the treasurer pres ent, to answer questions--but contain little to enlighten the graduates or the general public. There is no general balance sheet, or general summary, or, comparison with years past to show in crease or decrease of funds, and the ilIiudl Hldlelutlt lS lllnlltu lO d SCHeu- ule of additions, and to departmental balances of funds, investments, income and expense. The actual financial re- responsibilities, of a nature not to be as- sumed by mere clerks, have vastly in- creased during the administration of President Dwight. The treasurer had, in 1887. charge of funds amounting to $2,273092. Last year they had risen to 4,635 32l, or somewhat more than 100 per cent. The investment and reinvest- ment of these funds, widely scattered, and many of them small sums, with realty mortgages falling due and cor porations refunding bonds at lower rates of interest, suggest the burden resting on the treasurer hardly less than they do the necessity for a change in the archaic form of the annual re- ports.
 Unlike the professors the treasurer can take no definite and long vaca- tion, but must give pretty close atten- ton to his office throughout the year The salary of the position, as appears from the last report of the treasurer, is $3,500. While, during the last few years the clerical work of the treasurer has been lightened, the strain upon his financial judgment has become much more intense It is understood that, during his tenure of office Treasurer Farnam not only has taken no salary, but has even paid the travelling ex- penses incurred during college work"