The sun., 1902-10-24
half A MILLION FOR THANKS.
JOHN u. noe OtkEFEIIER OFFERS
" TO TEACHERS COILEGE.
For the Preser, alton al Iii- Household
When His Home in Pocantiro IIiIIs
Burned Down Gilt Is contingent on
College Debts DcinE Paid and $3.50 900
Wore Rsised. hut That WIN Br Done.

John ID Rockefeller has offered TO con-
tribute 10 the endowment fund Of Teachers
College Columbia University, IN. sum Of
$500 go. "as "A thank offering to Almighty
God" for the preservation Of his family
and household Oh the occasion Of the de-
struction by fire. of his country home az
Pocantico Hills. New York, ON the night
Of Sept II. 1902
The Coudit ions Of the gift are such
that II practically means that Teachers
College j. richer by s94O .ooO to-day than
it was yesterday Previous gifts amount
ing 10 more than 1892 900 were also acknowl-
edged by Dean Russell Yesterday for the
first time, making n total of over q 1872 600
for the college.
Mr. Rockefellers offer was communicated
To the college trustees through n letter
from his son, John ID. Rockefeller, Jr
The gift il contingent upon the payment of
all outstanding debts Of the college and
the raising of $3.50 900 for endowment from
other sources One-half of the gift will be
available a. soon as the debts of the cor
poration are paid. and the other half in
installments OF t25 900 whenever an equal
sum IL received by the treasurer of the
college
The debts Of the college amount 10 $780,
OOO: Of this, $40 go is owed for land, SO 900
for new heating and lighting plant and
for alterations in the main building made
necessary 10y the removal Of the Horace
Mann School To its new site year ago, and
$1,000 for interest char The college
has $4,000 TO hquidate its deb, $50 900
| on hand and $50 600 pledged by trustees
| and friends of the institution.
| No time has been set within which the
college must raise siso,OOO to hquidate
| i's debt, 50 that $3.50 ,0OO of the gift " prac-
tiCal certainty at the outset.
To meet the second offer Of $3.50 600 which
| will become available a. other sums are
! paid to the treasurer Of the college again
without any time limit Dean Russell
says about 500 300 IL practically prom
pected in raising the entire amount when
| the needs of the institution are made known
This gift from Mr. Rockefeller II the
| largest he has ever made To ali American
institution Of learning except TO the mi
came Interested In the college about a
| year ago and then contributed :? 500 for
| the establishment of southern scholarships
As president of the new General Education
! Board and a. an associate of William ii
| Baldwin, Jr George Foster Peabody and
| Wallace Buttrick Mr. Rockefeller has
! brought eighteen men and women from
! Southern States, extending from virginia
| To Louisiana. TO Teachers College, Each
| of these students rec"ives an annual stipend
OF 1900 to pay the expenses AZ Columbia,
Some time ago John ID. Rockefeller
Jr. and Starr j. Murphy visited Teachers
| College, acting under instructions from
| Mr. Rockefeller, Jr and asked To inspect
| the college work IN all it, details They
| consulted its financial accounts, estimated
! it, value 10 American education, inquired
| into tho rlaus fnT extending work and
| Dean Russell says made the most thorough
| examination ! had ever seen tn" result
! il seen in the present g.ft
| What impressed the inves, igat ors most
| was the great field covered 10y the ins'i-
! tuition and the fact tina, II j. the only college
in the country for the advanced professional
/ training of teachers after they are grad
| uat ed from normal schools
The added sum Of ei?0,no. which the
Dean SAYS a practically pledged To the
| college cOm"S from the trustees. The
names 81 III" donors were not disclosed
, Yesterday, but the names Of the folowln z
| trustees who were AZ ystcrdavs mcetin <
were given out, and II is regarded as cor
tain that II l. they who have pledged the
sun. spencer Trask, Mi % GraC, u, dge,
Ncwhod Morris, Peter B. Omey, Talbo,
/ Il HYDE. Valentine Everit Macy. Charles
". Hardness. James Speyer and James
Earl Russell
Other gifts announced for the frs time
| are ~ 1oIlp"S r. or me increase ol 'l' 'l i
| ,wmont fund Of the college. sl7j $40 from
Mr.. and Mrs Valentine Everit Macy also
So, 200 y from the same donors for the
completion Of the Horace Mann School,
an additional $4,000 from Mr.. and Mrs
James Spoyer for the Speyor ESp,rimcr al
School sion,o1 was given last year., from
! teOrgo Foster Peabody FOR the purchase
of land east Of the college. tl2,51O; s.. 500
from the estate of Mrs Peter u Bryspn for
the endowment, Of the 1icst0n scholarship,
aud upward of $4,000 for general PURPOSES
| from anonyinOus donors.
The recent anon nynous gift of &250.OO
| from a friend and supporter during many
! years for "A physical education buildug x
was also recalled hv the dean in his annual
| report to III" trustees
An Of these gifts with a sin gle exception,
siy- Dean Russell, have come from persons
! who are or have been trustees Of the college.
| Indeed, Of the t2.7l2 1923 II. which has been
! givcnt 10 the college since its incorporation
! all but about $500 ,OOO has come from trust % q
| or their immediate relatives
Tie student population Of the college has
| increased from a total Of s63 in 1903 10 . 2,i5l
| last year