Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-05-22
HALF A MILLION.
Pres. Hyde{Wants added En-
dowment for Bowdoin.
Msaa .SrJ
Splendid Work Of College Set Forth
in Annual Report.
Perfect Material Equipment.-Recent
Gifts.-Centennial.

given out his annual report for the
academic year. ana it is document Of
unusual interest. lie says that the
main purpose Of his report is to show
mat the college is worthy Of an addi
ton Of $500, 900 to it's endowment fund.
He says the past ten years have
bought almost perfect material equip
ment and what is needed now is money
for the endowment of ut least five pro-
fessorships, at $4,000 each. The pos
session of one of the finest library
buildings in the country, renders the
need of funds for the purchase Of books
more imperative than ever and 100000
is needed for this purpose. An addition
of 10000 is needed to the scholarship
funds to aid poor and worthy boys
He says: Putting together these
three fundamental and urgent needs Of
the college, $37, 900 for professorships,
500. 900 for scholarships, and 100000 for
book funds, our immediate needs
amount to something more than Il half
a million dollars. In view Of the small
beginnings Of the college, ana the small
sum on which it did its work in tn"
middle of the century, this sum seems
large But it is less than the amount
given for buildings within the past ton
wears. It is no larger than other col
leges have asked ana secured within
the past five years. It is not large in
proportion to the resources OF the
alumni and the friends of the college.
The value IF our buildings, including
the one IN process of construction.
stands on our books as $H0o.S9S. The
amount Of our fetal demonstrating
Investments is $7SS. 4i2. The total in
come from these investments for the
wear lS90-lS9l was S34,2Gi Of which
$90.l was the income Of special funds
for special purposes. leaving only $23,-
242 Of income from the general fund
available for the general purposes Of
the college, including administration,
instruction ana care ana repair nt
buildings Now as an average
through long period, two per cent. OF
the cost of buildings is a very low and
conservative estimate of the cost Of
proper care. repairs, and protection
against deterioration. TO spend on an
average less than that sum would be
unjust both to our own interests. and 10
the reasonable claims of the donors
WI" nave M u7''u 'iiei' - WI -
petual care. YET even TWO per cent ?.
SSOOO0O IS Sl6,OOO leaving only |?Ooo ol
income from the general luhd 70 pc az
propriated towards adInlnIstratio ' aLl,'
- II, Z IL III,
f,;a,, II th,t a,,r incident critical Gnan-
cial condition is not the result Of an
alarmed imagination. nor OF unWise
,a,,oa,ion,I avnonsion Tho omount
,,o ~
p"'' '''N P"'' - - -,
colle8'' cailou ny IreSi'ei'l ii!uc
earnings is T"l'V'"' an ny - VI 80,
ooo over '', 80 sum
49, ;Itaras,ir., root,,ro Of tba rnnort
No. ~ REQ f.,,,,iIio, which arc ranre-
-, p,,,,,l,i,, ,,,,d,,,+oe nv
''''''" '''''H ,ri. -.
Two OF i''"ir S'l''' '''''''
takes up III drtaIl me WORK OF od'Ii IS
partment, each professor giving 4 com
prehensive summary OF the work done
by his classes.
Gifts made me college me present
year which can now be made public.
are;
John j. W"bb'l' Hrooklinc' MasSa-
chuSetts' $-5"p !" eslapl'Sh sch"i'r
ship In memory OF ms SON Johi 4.
Nenber' Jr.' 81 'he class OF ~ .o
"lliiam D. GURUS oi NV IN. F'o"'
10 eStapilsh 'i'' 'l'SS Vi 49," Pil"c III
history
All ailo''H ii'"uS l'Ie''"' F.'' as " ~ ~
III the Soph"in"re course Ill history i"i
the current year
'llNtt tro'Ntr St'Nt H7, tl'S9 VI toi', ,
ana Nnllani u I'eeu' 'iaSS vi 100
poth oil BOSTON, rave each given ~
amount OF the term blils OF stuuehl
: for four years.
General Thomas II. Hubbard, Lib
of New York, the donor OF IN" new II
brary building, has promised grand
stand Tor the whittier Athletic heid-
The entrance, given hy me class 81
1875. is already in place at the end OF
the broad walk leading to chapel This
beautiful addition TO the campus vii
be presented by a representative of the
class of 1875 and received in behaif oil
the college by Professor fehr! l.
Chapman, ID. d., on the AFTERNOON "i
Wednesday, June Zoth.
On Wednesday of commencement
week June 25tll, at three o'clock, IN tht