The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-12-11

territory five years ago has given way to
good cheer and hearty cooperation. En-
dowments have been increased s1yooVo; Inc
Minshall laboratory Is paid for. The heat
Ing and plumbing now under contract for
the new laboratory, together with the old
debt, we hope TO provide for by the LIST or
for a great forward movement.
with deep sense OF gratitude for what
has been achieved, with the kindliest feel
ings toward all OF you, my brethren, and a
most earnest prayer to God for greater
blessings upon you and this most important
trust committed to you"
The board took action DR.. Hics-
mans resignation and Ii Is possible that
the vacancy will not be filled, leaving the
work OF chancellor to President Goblin and
relieving DIR. Goblin of some of his duties
as professor of philosophy and theology in
order to give him time for the outside work.
General regret was expressed by the
members of the board that DR.. Hickman
had determined to retire, and appropriate
resolutions were adopted. 1t is understood
that he Will again enter the ministry.
FINANCIAL STATEMENT.
In his report on the financial condition
Of the university DIR. Hickman made the
following statement, showing the work he
has accomplished during the five years he
has been chancellor:
Endowments collected in cash:
BY personal solicitation. $50, 47i61
Collected from old notes. 1,72626- $67 200 81
After death bonds 81, 10000
Wills ....................... 100000
Property earning per
cent. net ................. 100000
IOtal .$lIS, 6O0SI
Property sold. most of it nonpro-
ductive, and much held for fifty
Collected by lawsuits from what
were considered doubtful ac-
counts ...........s................ N,5S0.OO
Total So, 5S6 IS
Sustaining funds. TO supplement current
expense funds:
Personal subscriptions, cash ........ s21 ,916.15
subscriptions yet due, 1910.
Conferences:
North Indiana. Ol.96
Northwestern Indiana 80. 1l,5D11
Indiana ..................... 6,42S.O0- 34670.07
Iotal 500 5S6.22
For betterment of property 245.O0
Good subscriptions due, $500. 1900
Iotal .$6lO3l Y
Heating plant. reconstructing and CEN
trailzins the system:
Cash ............................. .A2l5.W
New property:
Minshall laboratory, a freproof
building. 13Ox60 feet, three stories
and basement. for chemistry and
cP ns sizes V0.U
1855 NSHNNbNd AiVASsOV
Total ACKNOWLEDGEMENTS. .s57Ol9S5
For heating and plumbing new laboratory
(estimated) 5000
Good subscriptions, 81, $50.
To sum up:
EndOwments, cash $67 BOOST
EndoWments, bonds ...... 81, 10000
EndowmentS, wills $500. Il, 10000
Property secured by gift 10000
Old property converted. :. Al, OO6.76
Collected by lawsuits
from doubtful accounts 20, $50. O0-S239, 7S7. SO
Sustaining funds:
Personal subscriptions
cash ...................S21 , 91615
Personal subscriptions
yet due ................. 474OOO
From conferences .... 34,670.07
Paid on old debt $42O0
good subscriptions, S4,-
500 ......................... 10000 1896. %
Heating plant, cash ..... 421500
Betterment of property. 245OO- 4,460.0
New property for science 56,0O000
Equipping new property,
cash ............. 1.O19s5
Subscriptions .............. 1,65OO0- $3.50 IS