The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-11-06


an her schools. relating each 20 the other
and TO the university as a whole She
maintains this university system in its
entirety, with most satisfactory results.
For the first time in our history. the
alumni are now moviRs toward the or
SanizaJion OF a united alumni society for
Now York. with similar allied cities for
each city in the country where.a cousid-
cradle number Of the l5.05l graduates NAV
Doe found TO reside. These reasons TO
mich others might b. added seem to
warrant establishing commemorative
year. IN" following resolution is. there,
Tore offered
A committee Of seven persons. consist
ing Of four members OF the council and
three members OF the WOmeu-s Advisor
committee Is appointed to consider and
report upon the eXpediency Of celebrating
In october, 1903. four years hence. the
semi SeSQulcentenuiaI or Seveuty-ffth
year Of New York University. the organic
,NiSttnce 81 the university being dated
irom the election Of the first universir,
course by the 100 subscribers 90
MS committee Is instructed to seek
conferences with four classes Of persons.
The Senate or the university. In order
10 obtain the views OF tire several fac
dlues upon the possible plan and scope
@. such a cclebTat ton
The officers &C the various alumni ind
les, upon the work which they have in
hdl1 OF forming a united alumni society
Win branches in many cities IN America
Inc Rapid Transit Commission and
leaQing citizens Of the West side IF the
Bronx Borough, upon the extension be-
Lofe 1919 Of the new underground road
from tho Harlem River as far al least as
University Heights
with friends Of New York University
throughout the city upon the eXpedIency
OF Undertaking 70 secure By 1905 one or
DOth or two additional funds namely.
100000 for grounds and buildings. which
might hguIdate al liabilities ana provide
accommodations greatly needed FOR one or
TWO schools. and second a uruductfVp on
dowLmeut fund OF 81 COOS me Income
70 be used for the extension Of the uni
virsity's work.
The committee Is requested to make q
report by April. 1902
The total assets Of the university over
and above ala liabilities are S3g9J.0g1 Fiji
teen years ago. in 1875. the total property
reported was $4,000. or the above
amount Of property. the productive en-
dnWment, not iuCluiing the dormitories
az ulFer'Hty Heights. amount in round
numbers 10 about H-50O 600 over and above
the bonded debt on the Washington
Square building About 81 900 go Of this
Is IN the form Of marketable securities.
Ne t"lal income last year applicab Bile
20 educational purpose S. not including in
tercst on rented property. was in round
numbers $223,GUo. OF this amount about
two-thirds Was derived from fees of stu
dents, namely. Sl45.5s5. The remaining
third came from endowment and from
temporary gifts
The total value Of TN educational plant.
including grounds. building and aBpa-
IaIuS' Is about g 10000. upon which. how
ever, "A debt exists Of a bout SI50ufO Ipav-
ing about 5000 90 value above liabilities
ne amount Of property held exclusively
i't educational purposes from which no
income is derived. excepting the fees from
dormltories. Is largely in excess of The
total CndoWms ut This state of things
mas come from two facts first the great
expense Of grounds and buildings in Tho
n f.. -
SiNeT5 Tor erecting buildings rather than
establishing cndowment funds Next Ia
lA- IRuldall"u 90 the debt upon her pres
'nl grounds and buildings the first need
OF New York University is non 9dditfonsl
DliioIuEs $" much as The doubling of her
1T The interest upon the debt resting upon
tii' ''NgatlpHai plant at Washington
square. East Twenty-sixth Street and
University Heights is a little over S36 ON.
me educational deficit proper. therefore
- lths IMAM 1000 The. debt upon that
Pptuoh OF the Washington Square build
ing USED Tor law and pedagogy IS $3.50 OlA
l- ~ MOI '-e Sr upon University Heights Is
91lp.p'. aMn unon the Medical College
. property s.V."o II these debts upon thu
/ educational plant were Iiquidated tbs
I university would at an early day BE- able
/ 10 make MS income equal its expenditures
/ prov litd me receipts from gifts and leg
a'i's TOT immediate use should continue
as heretofore
The university adhercs TO the policy %,
aoding no buildings that are not fun,
/ PROVIDED Tor 10y gift. This rule bear:
/ very hard al present upon one school
| namely. the School Of Applied Science Il.
I quarters are narrow. and for some of IN,
I professors very uncomfortable vet so Ioul
/ as any considerable debt exists on tn
/ grounds and buildings already in use tn,
I conservative policy remains the best.
/ me temporary annual subscription 70
/ thfee years 20 meet the deficit created b.
/ the payment Of interest upon our educa
uonal plant has been SUGGEST fully begun
| THIS year il is hoped that the full
! ed
( The committee on the semi-sesqui-cen
| tennta chosen consisted Of the chanCel
| Tor. eN-ohiciOi William r. HavemeyeI
| andrew II. Green. DR.. John =. Mum. IN
! Rev. Dr. John Reid, Of Brooklyn: Mis-
! Emily q. Butler. Miss Helen Mile
| Gould, Mrs. Eugene Smith. all officers o
the women's advisory committee.