The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-11-07
COLUMBIA'S GOOD YEAR.
e,,rtSrIyS sT<TTs1Ics IN PREsT-
DENT LOWS REPORT.

prs,idsnt Seth Low submitted his an nual re-
,o,, At the meeting OF the trustees OF Columbia
,ri,,rsity yesterday. The report begins with
.,,ibuts 10 tho late Cornelius Vanderbilt. for
M vsars a trustee, whose generous gifts
80, been Of greatest assistance to tho UniVer-
.,.y a, large and to the College OF Physicians
.,i surgeons in particular. Before proceeding
- .r.,L OF the University's finances the report
commands the management OF Dean J. II. Van
,r,Ippe who acted as president during Mr..
rnu.vslt TO Europe to attend the Peace Con-
,,rspce. Tho report then says:
"Th. total cost Of development up to June
40 1873. a, shown In my last annual report.
W.. 81 s7aOllp0. or this total. tho amount
'.I, Tor interest was s339.S12.0a In my re-
49,, q, last year said that tho net debt
.S,I,st the new alto. as we'll as I could then
IL. you'd be likely to be . trine less than
"a 75OOOO This sum disrsRarded the debt
..,rn., the College OF Physicians and Sur
-. which amounts. In round numbers. to
49, sno II yas pointed out that at per cent.
81. interest upon 81. $50 900 would be $l5O.OOO
.,,,,ur and venture to express the hope
,ho, friends Of tho university might be
,anrd who would enable us to fund this
a.h,,, q per cent. am happy to be able to
,.nort that the year under review has brought
.nh.,,ptial relief both In the actual amount OF
,bs dab, still outstanding and In the annual
.h,,e. for interest payable. Upon the 3Oth OF
June. 1852 the net debt against the now site
WAS. approx mately. s3575.0Oo. The annual
interest account upon this sun, % the DEBT
,h.n stood. amounts to $4,000. The year.
therefore. has resulted In diminution OF the
.,p.r,ed net debt BY 100000. In tho mean
while. ,ucces.ful efforts to refund large por-
,,cn q, tho debt have resulted In a reduction OF
Ia,
ate By as much as $4,000.
81, gives me- pleasure to record at this time.
although It properly belongs TO the story OF
another year that the president has dis
charged in full the obligations entered into by
h,-, on account OF the construction OF the
library Thi, has resulted In the still further
reduction OF the debt against the new site. as 1t
hpr.ared on June 80. by the sum OF 100000.
Al the date Of this report, therefore. the net
debt against the new site Ia approximately
x2p75OOO The interest charge to be an
nually met on this account 10 $4,000. The In
tere.t charge against the College OF Physicians
and Surgeons 10 approximately $500. The
annual interest charge against our entire net
debt. therefore. 10 approximately $aS,5OO."
A statement is given Of tho educational work
o. the university and dslneation OF It's urgent
needs The report continues;
There appears to be no reason to doubt
that the current work In all departments can
be maintained In full vlgor. Notwithstanding
this heavy interest charge. The growth OF tho
university, however. 10 necessarily checked
until this Incubus 10 removed. l renew my
appeal TO the public sprlted people OF the city
who appreciate what Columbia University
means and may be made to mean. both to tho
city OF New York and TO the whole United
states, 10 limit the necessity OF thus marking
time to as short period as possible
hThe report says that the expenses OF the
summer school have been guaranteed for one
year SiIty-three new scholarships. each cost
ing 5000. have been established. and the
officers OF the university have been increased
by s d Hna0R he Of y.ar nl. Ta' s:
cifc purposes. and SiUe4lIOo for permanent
prominen and space to the subject OF ath-
lettcs on this the report says
ingside Heights and tho occupancy OF the gym
nasium. new Impulse has been given to
athletic s sD9' s. part Of tho s o, The
so easily show themselves In connection with
such sports. and 10 view Of the, reviy.
worth while to speak -somowhat at
lsngth upon the subject. The principal
,hs in,ercoIlec ate character OF such sports.
Intercollegiate competition. while IT gives
great ztst. makes such sports very costly: en-
courages the expenditure OF larg. sums for
trainers and coaches who are often profess
SIGNALS; Tor surgeons. and the Ike. and places
b a,hs,Gs t Ipon on4 PAIL :" Sr,
found Is In the fact that tho players the elves
d2not profit by The large gate reeeipts.
rivalry rnganders betting and tempts the ath-
!.tc manager. OF colleges and universities to
T. q r.. to
Of system in which large gate receip t. and
the results that dow thereirom are an integral
lion In athletics appears to me 10 be that those
WHO contest should pay their Own expenses,
should P.csvs any pFc, h from tiGR s scn.
test on, the other hand, despite this
ruence Of athletic sports. properly conducted.
even under this system is undoubtedly bsne-
n nc, a., IN many way: such sports make men
hep large numbers OF men to pass SAFELY
through the critical year. o. young manhood
courage staying power. and many OF the Quail,
ties that tell powerful y in the battle ~ life
they Offer to the educator an instrument
whose train ng value no wise ian will neglect
The problem 10 TO check as many as possible
Of the abuses o. Intercollegiate athletics and
liza, in her new home, seems likely to be more
Ola iac,or ~ this fold than heretofore, Idesirs
ssy that the influence Of the University will
acrenting in every way tho amateur Character
OF such competitions
so FAR ~ the college Ia concerned, IL Ia be-
leyed by the authorities that athletic sports
pave valuable m legitimate relation 10 the
I've Of the students. Where the object 10 to
develop the whole man. 1t il impossible not
70 welcome anything that tends 40 strongly 10
develop the sound body that ought to be the
instrument OF n sound mind. The attitude OF
the college faculty therefore. Is friendly 10
such sports when conducted upon a strictly
amateur basis and with q high sense OF honor
tuch hh becomes gentlemen
In the Univsrsity departments whera tho
aim 10 TO make specialists, the students are
Presumably older. and. theoretically. at least.
should have rassen through the experience I'm
athletic sports which IL proper to a college In
the graduate deDartmsnts OF the Uniyp rsity
therefore, the attitude OF the faculties Ia sim
ny 70 disregard the question. 40 long as a
student does not Permit his work TO be inter
cred with, the faculty Is Indifferent whether
ne taxes part In such sports or not. On the
other hand, the faculty. In making It's arrange.
ments Tor the work Of the year. takes into con
tlderhtion the single aim for which Il exists
nat Il. To make the best possible specialists in
me subjects under its control
- committee on athletics has been ap.
bolnted by the President. consisting OF Prof
hemp, Chairman, OF DR.. Savage, the director
ot tho gymnasium. and Of Prot Hutton. To
ms committee has been assigned the duty oi
enforcing few simple rules that are calculated
70 Unit he tendencies to abuse in connection
WIN athletic sports. and, m tho other hand
70 develop al Of their good points The avs.
TEN allows abundant initiative 10 the stu.
gents but l. frankly admits rssnon al HIN