Gilpin observer., 1902-07-17
DENVER UNIVERSITY
OBJECT OF A STATE MOVEMENT

Noney Will Be Raised to Free It from
Debt-EIeven Great Meetings Ar.
ranged for In the state-Wonder
ful Growth and Usefulness Under
Adverse conditions-colorado Is
Proud Of Her Institutions Of Learn.
Ing.
Denver, July 14.-Colofado will make
poor use Of her opportunities IL her
public spirited citizens do not see te
it that her religious, charitable and ed
ucational institutions share as they
should in her revived and increased
prosperity. The friends of these insti-
tutions throughout the state are alive
to the situation and are taking ad-
vantage of the flood tide to clear them
from debt and add to their endOwments.
In this they are departing from the
time-honored precedent of running in
debt in good times and painfully pay
ing in hard times.
A notable instance of earnest and en-
thusiastic work in this direction is now
being witnessed in the well laid plans
of the trustees and chancellor of the
University of Denver to free it, once
for all, of the incubus of its present in
debtedness Of $15O.OOO, which is not
only sapping its strength by interest
charges. but retarding its progress by
frightening generous people who would
otherwise aid it by gifts and endow-
ments.
At commencement season in June the
university's debt amounted to S15O,OOO
toward the payment of which 100000
had been pledged upon the condition
tnat the full amount should be raised.
Up to yesterday upwards of $4,000
more had been subscribed, reducing the
required sum to less than $4,000. AS
against this small and fast-vanishing
Indebtedness the university has prop
erty and endowments to the value of
fully 100000.
Since the commencement in June
some fine contributions have been
made toward the extinction of the
debt. The subscriptions in Loveland
aggregate $1,000: in Fort Collins 81 800,
in Leadville $1,000 and in Trinidad
three men have subscribed $500. Yes
terday in Denver special services were
held in Trinity and Grace NJ. E.
churches and amounts subscribed ag-
gregating about $1,000.
The amount still needed to clear the
university of all debt is approximately
$4,000.
Active canvassing will be continued
in Denver and rallies will be held at
Rocky Ford, Florence. Canon City,
Grand Junction, Trinidad, Durango,
Julesburg Greeley. Colorado Springs,
Colorado City, Cripple Greek and other
points.
The friends of the university claim
that it is now in condition to make
an exceptionally good use of money.
Having grown and fiOurished SO re
markably during hard times and while
burdened with debt. the trustees and
faculty have thoroughly learned the
lesson of economy and no cent that is
given 1t is likely to be wasted. All will
go to the making of intelligent and use
full men and women.
Its departments include the liberal
arts, theology, music. law. medicine
and dentistry. Last year. in all these
combined schools, 1t had 1.167 students
and 1873 professors. For the next year
the figures are set for 172 professors
and l, 400 students are expected. Nine
ty-seven degrees were conferred at the
commencement last June. bringing the
number up to S77 since the university
was started, constituting a host of low
ing friends and beneficiaries.