Evening star., 1901-06-05
FORTY GRADUATES
Degrees Conferred at the Catholic
University Of America,
FINANCIAL CONDITION OF INSTITUTION
Interesting Exercises Presided Over
by Cardinal MartineIIi.
INCIDENTS OF THE DAY
FINANCIAL CONDITION OF INSTITUTION
INCIDENTS OF THE DAY


| Of the American flag and the yellow and
white of the papal colors. touched up here
| and there with the scarlet of cardinals the
assembly room OF Mcmahon Hall, at the
| Catholic University, held a distinguished
| throng this morning. 1t was a cosmo'
| politan gathering as well. The German
| ambassador and several of his suite, the
Mexican minister and Madame Aspiros, the
| japanese minister and members of his le-
| CATION and District Commissioner Macfar-
| land were present on the platform, In the
center of which sat Cardinal Martinelli
clad in the habit of an Augustinian friar
and wearing the scarlet berretta and cine
ture Of his high office. He presided over
the twelfth annual graduation day exer-
cises Of the institution in the absence OF
Cardinal Gibbons, who is chancellor Of the
| university. At his right was Right Rev.
Monsignor Thomas ]. Conaty, S. T. D..
rector. who conferred the degrees, and
Monsignor Garrigan, vice rector of the uni
Versity. Members of the faculties were
seated nearby, well as many prominent
Catholics, including Very Rev. A. l.. Mag
nien of st. Marys Seminary, Baltimore;
Rev. ]. F. Mackin, Rev. Thos. S. Lee,
Brother Abdaz of ST. Johns College and
others. The capacity of the hall was test
ed by a representative audience. Including
very large number of ladies, friends of
the institution, as well as of the graduates.
Cardinal Martinelli was escorted to as
sembly hall from Caldwell Hail by a pro-
cession of the faculties, the members wear
ing the hoods distinctive of their respective
degrees. The many colors made a pretty
picture in the bright sunlight. The exer-
clSeS commenced with Introductory re-
marks by Rector Conaty. He cordially
welcomed all present and spoke of the work
of the scholastic year. The university, he
said, had taken part through its delegates,
pn nP Ar,,a v~tooyo
universities. Of which it is a member and
through its rector had presided over the
third annual conference of Catholic colleges
Of the United States.
'QueStionS are sometimes asked" he con-
t1nued, concerning the financial standing
of the university, and the answer is fire.
quently given with great inaccuracy. This
Is an occasion in which I may be permitted
to answer accurately and officially as to
whether the university is getting money
for its work, or as to it's financial success.
Every one who knows the university is
aware Of the fact that it's trust funds ap-
proximating nearly $500 900 are safely in
vested and produce the ordinary revenues
This Of itself is not sufficient to meet the
actual demands Of the different depart
ments, and hence 1t viii be consoling to
know that during the present year the
general revenue of the university has re-
ceived generous additions. Among others,
we have to acknowledge the noble gift of
$4,000 from Mr.. Michael Cudahy Of Chi
cago. who placed in the hands of the rector
this sum for general university purposes,
and particularly to help meet the ordinary
Indebtedness. This Is all the more note
worthy and deserving Of very special gra-
tltude, In so much as the desire of the
glVer was not to build up the endowment
fund, SO much as to help the university
meet its expenses
By deed of the late Monsignor Mcmahon.
the property possessed by him in Wash
lngton has been placed in our hands, also
for general expenses. and 1t is expected
that when all the pieces Of property ere
sold there will come to the university a net
sum of between $500 and $50, 0,0O0-S1 zoo
the balance due from the David T. teahy
estate and $1,000 from friends, make g.
total OF $4,000 received from general ex-
penses over and above our ordinary annual
revenue BESIDES this. three scholarships
OF so.oUo each have been established. and
the money paid into the trust funds, one
to be known as the Bishop Conroy scholar
ship, for the diocese of Albany; one as the
Waldemar Conrad Baron Won Zedwitz schol-
arsnlp Tor the diocese of Peoria, the gift
of Mary Gwendoline Caldwell; the Marouise
de Merinville, who, by this act renews her
interest In the great work Of which she
was the founder, and one to be known as
the Rev. Richard Lalor Burtsell scholar
ship. Five thousand five hundred dollars
were received on the Archbishop kenrick
chair. and LOO on the Archbishop VII
ilams san 1 chair endowment. making total Of
addition to these. the following amounts
have been beQueathed to the university hy
wills during the year, although they have
not yet been paid in: BY the will CT the
Miss Bligh ef Philadelphia, $1,000; Andrew
Dougherty of New York, $1,000: Mrs Dries
OF Washington, D. c., $1,000, making a
total by wills Of $4,000. THIS statement
takes no account Of the Archbishop Hem
messy Will. concerning which no accurate
statement can be made at present, but the
settlement Of the estate is soon expected
Action of the Knights.
The Catholic Knights Of America, in their
convention at st. Louis two weeks ago.
the speaker said. renewed again their res
olution to raise $4,000 with which to en-
dow the chair OF English literature, and
we have reason to believe that the endow-
ment OF the chair Of American history by
the knights Of Columbus will be paid to
the university treasury during the coming
fall; $11,bOO has been paid last year, and
this to the Kenrick chair endowment and
E.44O on the Williams chair. Steps will
be taken looking toward the completion of
these two endowments in the near future,
There are two other chair endowments
made by will during the year and known
to the rector.
If may sum up, then, the financial re-
turns Of the year, outside our regular reve-
nues, I have to record the receipt Of $685.
5OO for general expenses, in addition to the
s2o,6oo received for endowment, making a
total Of $4,000 received over and above
the regular revenue from our trust funds
and our university associations In ad-
dltion to this we mention the $31, 600 be-
queathed by wills and not yet received, and
the $4,000 more which will be realized from
the Mcmahon estate in Washington This
makes a gross total of s131 100 as this
years expression of friendship and interest
in the university and Its work This has
enabled us to pay $4,000 on our floating
debt. 1t Is proper here also to record the
will Of the late Father Walworth of Al
bany, who left his valuable library to the
university; as also the magnificent vest
ments. not merely the gift. but also the
work, Of the Marquise de Merinville All
who are interested in the university will
be pleased to hear this financial statement j"
After announcing that the Fathers OF
St. Sulpice had petitioned to be allowed
to establish a house of studies, to be known
as st. Augustines College In the imme-
date neighborhood Of the university, MAX
Ing the fifth college foundation besides the
university and in aff1liation with 1t, and that
other religious orders are also considering
foundations In the near future, he con-
cluded as follows:
Touching Tributes.
"It Is my duty to record the death OF
two of the prominent benefactors of the
university. First, that Of Miss Kate An
draxUS NJ Ra1ffnnro bn