The Indianapolis journal., 1903-03-13
CAPT. HAYWARD'S GIFT
HE ADDS $3,4OO TO TECHNICAL IN
sTITUTE SUBSCRIPTION.
MedfOrd ID. Wilson Says the Money
Should BE Raised at Once by In
dianapolis Citizens.

The fund for the purchase of the arsenal
site for the technical school is now s134, 900
still $4,000 short of the amount required
The great gain of yesterday was due to the
| munifcent contribution of Capt. w. z. Hay
ward, who moved to this city from Pana,
| Ill, only two years ago. Captain Hayward
Increased his subscription from 5000 to $1,000.
Captain Hayward is a man OF wealth and
has used his wealth for many philanthro-
pies.
A mistaken impression about the condition
OF the fund has gained publicity. 1t has
been stated that Eastern friends of the
school have pledged So, 500 of-the purchase
money. but this pledge presumably carries
with it their release from the same amount
on the original endowment. The simple
proposition for indianapolis is to raise the
purchase money-sl54.0O .0OO The men of wealth
who are to endow the institution promise
to give an equal amount for immediate use
in equiping the school with new buildings
and preparing it for its opening. Then they
are to give an endowment fund of 81, ,OO0, 900,
the income of which is to be used in main-
tenance
Medford B. Wilson, chairman of the board
of financial trustees. in discussing the duty
VI lluidndpOliS, last nlgnt sdlu.
~ see the school is assured because
friends of the school in the East had guar
anteed $4,000 If il became necessary. While
this is so, yet If we avail ourselves of ths
guarantee it will only deprive us of that
much OF the endowment fund.
TO me IL is like saying TO friend who
has made a proposition to you that if you
will buy a lot he will build you handsome
house upon Ii. Won't you be kind enough
to help me buy the lot?' 1t would be
shame to have the people who propose en-
downing the school to help buy the lot. and
in my opinion it would be better to lose IL
than to suffer such a disgrace to come upon
the city, and the community ought to feel
in honor bound to see that this money is
raised here at home
Captain Haywards contribution stimu-
lated the promoters of the technical school.
Captain Hayward sent a note with his con-
tribution, in which he said
Il now do what the public has got to
do, or a few benevolently disposed individ-
uals-subscribe a sum that, in this day of
cheap prices. including the cheap rent of
money, will cause me TO go down into my
resources to an extent that L feel the
sacrifice. i feel that L would do almost
anything TO assist the city to acquire the
technical institute, with all its advantages
to the rising generations, without consid-
ering the commercial advantages referred
to in some OF the appeals, as in my youth
i had only the advantage of an education
represented by the three RS. L now want
TO be instrumental in giving rising genera
tions an opportunity TO usefulness in the
my conscience and wash my hands of any
responsibility of the failure of securing to
our city so important and lasting a bene-
fit TO this community, by subscribing the
sum of S. 400. filling out my total subscrip-
ton to $4,000. and L hereby bind myself for
that amount.
IF this. from a stranger I'm your midst
as ii were, will not bring the technical in
stitute with all of its elevating effects on
students and citizens of your city alike, l
shall have the satisfaction of feeling / did
and will try not to censure my neighbor for
not donating his money for the good of
others
The Commercial Clubs canvass for $40
subscriptions is meeting with success and
over 1000 has been collected. Among those
who contributed to Albert Sahm and c. w
Brown are w. G. Schneider 800; Tucker
& Dorsey. $780, and many smaller subscrip-
tiOns.