The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-26
EXPANSION FOR HAMUNE
PRESIDENT BRIDGMAN SUCCEEDS
In RAISING ENDOWMENT
FUND OF 100000
NOW HE WANTS $4,000 MORE
Added Financial Strength Will En-
able University to Greatly Ex-
tend It's Field of
Usefulness.

A bright future confronts Hamline uni
versity. Through the benefcence of
James ]. Hill, of st. Paul, and Hon.. N
| G.. Norton, Of Winona, the institution has
| substantially entered upon campaign
of expansion which, when completed, will
! give it a financial strength that will en-
| able it to proceed along lines of the most
progressive character and, do without
q feeling ON the part of the authorities
| that the extension Of its field means de-
| priVatiCn in other ways ard the use OF
means that ought to be devoted to other
puTI oses.
In short HamliTle is to have a pure en-
dowment of $250,0C0 The plans laid for
securing this amount of reserve money
frslly warrant the very sanguine spirit
which can be plainly observed around the
institution at present. No idle theories
or unlikely fancies are being depended on
| for the successful execution of the plans
but the latest approved business methods
are being adhered to. OF course it is q
large amount of money to be raised III
just the manner that Hamline proposes
TO raise it. but nearly half the amount Is
! now in hand and the remainder will not
be difficult to get as the first has been.
Some months ago President Bridgmau.
of Hamline university, set out to raise
$2JG, 600 as an endowment fund for MS in
stitution. Friends doubted mis- success
and 81 sympathetic associates shuddered at
the undertaking, lest failure would tie the
result DIR. Bridgman said it would come
The university needed it and it's frler.dS
had it. An indonlitable will and undaunt-
ed perSiStency were two of the prices at
which this large sum could be obtained
and the determined president had both
OF these. DR.. Bridgman would allow
nothing to stand in the way of his plans
and has all along been Serenely confident
that the legacy would come
Soon after conceiving the idea Dr.
Bridgman called upon President Hill and
Mr. Norton, to both Of whom he outlined
his plans The Immediate result was that
Mr. Hill pledged $4,000. fifth Of the full
amount which President Bridgman want
ed to raise and Mr.. Norton subscribed
co., conditioned upon the presidents
being able to raise the whole amount.
This gave cncoura cement to the enter
prising president of Hamline and new I'M
petus to the undertaking. His friends
were appraised of his quick success and
everyone turned his shoulder TO the
wheel" saying the result would come.
! The faith which had characterized Presi-
dent Bridgnan at the outset now took
hold OF the friends of the institution.
Having received the pledge of support
from Messrs. Hill and Norton, President
| Bridgman decided that it would be best
to raise the $4,000 in installments, as
it were. He determined therefore, to Sc
| cure 100000 first, and returned with a
new idea to the original benefactors,
Messrs. Hill and Norton. His plans were
acceptable, and both President Hill and
Mr.. Norton agreed to pay one-half of
their pledges as soon as 100000 had been
| secured.
Thus President Bridgman had $4,000
from these two gentlemen as a starter
on the first 100000. Now that sum-is
! complete. Yesterday President Bridgman
! called again upon Mr. Hill, and communi-
Gated with Mr.. Norton informing each
| that he had succeeded in raising the bal
ance of the first 100000, and was prompt
| ly advised that their checks would be
Forthcoming whenever he requested it.
| The 100000 that has been pledged will be
! placed on interest as soon as it can be
collected, so that by the time the re-
mainder Of the endowment is in hand,
| there will be some substantial income
| from the first installment. z"s
! The unusual success which has attend
! ed the efforts of President Bridgnan In
accommodating the first 100000. and the
wise disposition he is to make of that
portion of the fund, will be great
source of encouragement for the friends
! of the institution. upon wnom now de-
volve the responsibility of raising the re-
mainder of the endowment There Is not
| the slightest apprehension as to the at
titude of the friends of the school, and
President Bridgman hopes to be able
| to report within a comparatively short
time that the final dollar in the entire
endowment has been collected.
When this sum is all in it will be placed
to the credit of Hamline as a purely
! endowment fund, the income of which
will be devoted from time to time to the
! support of the institution, and not a
/ cent of it will be used for purposes
which should be met from any other
source.
AS Hamline institution Is practically
out of debt the income from this liberal
| endowment will enable it to accomplish
! a great deal of work which it's friends
| have so earnestly desired in the past,
but which they were barred from under
taking owing to a lack of means. PresI-
dent Hill came to the aid Of the institu-
ton three years ago with a gift OF $40
| Co., which enabled the university to re
move the mortgage of $36,OCO which had
| hung over it for a number of years, and
depressed it's ambitious and enterprising
promoters. 1t has required the hardest
! kind of work on the part of President
! Bridgman and those associated with him
| in this commendable undertaking. and
| the result means more to them than
| those who have not been identified with