New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-11
THE PASSING THRONG.

william p Harper. president OF the University
OF Chicago, was at the Hotel Manhattan the other
day. accompanied By DIT Frank
DR. HARPER Billings dean OF the faculty %
AND his Rush Medical College. which has
UNIVERSITY. been affiliated with the university
Rush Medical" said DIT. BilHngs
which was chartered in 1887. and which sstao-
ushsd its lecture course exactly sixty years ago.
never n strong position II - at tas
present time. The first years IN the course.
which purely scientific. are now covered IN the
university. and only the clinical portion OF TIA
curriculum given IN the old college The stand
ard OF instruction is being steadily raised and
have 60 per cent OF college men IN the medical
sfliistion The Financial Support s6r tfs iaStta.
ton also comes easier. and we are attracting stu
present attendance al the university. Dr. Harper
said: The chicago correspondent Of New-Yors
Ia the university had fallen of Exactly ths re-
66I1raa wbi 81 an fncrease oY a5oIt 10 sr cs1s
steadily forward and lie not only laying It's founda,
W 1G1s sn eys Constantly To the fu5Ts 81 s
twenty-nfne buildings now on the campus. only two
new buildings that have cost between 81 5000 and
soy021iss,dn ess Ded tbe new cbhos aa8
new assembly hall Our new law building TO
university property has value IN round numbers.
Of 100000 and our enjoyment IS .epresentsq -
sEiversIty including tuition and gifts amounts to
he attracted TO NeW-YOrk az this tine bY
any prospect Of gift to the university.
A b. stickney. Of St Paul. president OF tbs
Chicago and Great Western Railroad Company.
whose calculation OF financial and
STOCK AND Industrial problems has made him.
BUSINESS much IN request for public adj
MEN dresses before bodies OF business
men. is at the Waldorf Speaking
of the relation OF the decline in stocks TO the gen.
eral business conditions he said: Il do not believe
that the slump IN certain speculative stocks has
yet materially affected the Industrial situation. Is
Is possible that in direction IL may have al
ready had some effect OF course. so far as these
stocks have been bought by the purely speculative
CLASSIFY the young who Is simply burning the
money his father accumulated. or those who buy
stocks they might sit in game OF poker ard
play their Hrnit-tnere can be no serious results
They didn't buy the stocks as an investment. never
expected to get the stocks. and when they lose on
the transaction they simply quit with their expert
ence. and think they will know better next time
But Il Is a different matter when merchants and
manufacturers tempted TO take money needed
In their business for flyer IN the stock market.
They make profit two. and they think they
understand the game, until they are caught IN ths
slump. Undoubtedly. after they carry their losses
for while. = settlement day viii come. and prob
ably some failures. OF course II IS impOssioIs 20
say to what extent this sort OF speculation enters
into the situation do lot imagine It Is a largs
element Another side to the matter IS found n
the fact that when the pendulum swings from high
TO low on the speculative LIST It has the effect Tor
depress the prices OF the substantial investment
securities OF constructive enterprises. IN which
a result. the railroads. which have planned ex-
tensive improvements. refuse TO sell their securt-
ties at low prices. and must forego some OF the i'm
prOve1e1ts This Affects not only those directly
supplies of all sorts. Men IN various lines that are
merely contributory are denied employment and
the consumption OF various products Is accordlnSy
Iessened. There will be material curtailment N
now well advanced. but think Il viii affect the
operations in that line next year. There Will De 3
tSTSueb such a season OF depression as came ex-
actiy twenty wears ago which was followed year
two later BY steady advance that continNs0
until 1882
William A. Courtenay. Of Newry. s. c.. who has
been one OF the Peabody Education Fund trustees
for nearly twenty years. Is az the
PEABODY Fifth Avenue Hotel He was
FUND IN Mayor OF Charleston from 1873 20
THE SOUTH. 1857. and was occupying that ofncs
when the earthquake brought DIS
aster to the city. Though I am native OF
Charleston as was my father before me. and
fought In the Confederate army, would have u
understood that the people OF no section or MS
country are more loyal TO the Union than US
people Of our State Though II came pretty haf1
at the time, we were emancipated as much as tns
slaves who received their freedom The whois
South Is now alive 10 the advantages OF educatOH'
and no single agency has done more TO a"aA-a
the interest than the men who have been iden1lle0
with the Peabody fund One example VIII Hoic"''
the fruits OF the seed sowing that has been done
in the disbursements OF the fund Only rev
years ago Seo was given as the foundation lOr
the winthrop Normal College. at ROCKY Fil It q:
and tha institution now has property valued -
t250 900. has I've hundred students. and the 80
Iegislaturs appropriated $1,000 toward the MAJ.
tenance OF college. II IS Just sucil tnluSS -
the trustees OF the fund are Constantly doing S91
there Is Certainly no channel through WHICH pA..-
anthropic men could accomplish more lhah ~
conrrtNtIttnr to the Peabody Fund Every appes11
FOR aid is thoroughly investigated oy the Senelss
agent. and there IS no dissipSti1n OF ne nloSei
ssi.rtas some conception OF the task preserves
IN the Southern States viii be apparent when " -
-snar,hsred that while Massachusetts, has an ave.
80 ~ hfty-one children TO the square i1lies W
&c. in the south eleven. and OF these I'VE -
nss, a,d six ara colOred. OF course must Reef
go, sapa rated. that means two schools % 70
sst.bshed and maintained