The daily journal. (Salem, Or.) 1899-1903, 1903-05-13
COLEMAN
TALKED UP
COLLEGE
He Appeared Before
the Greater Salem
Club
Executive Committee Ap-
pointed TO Cooperate with
Him and His
Associates

the city hall last evening. for the pur.
pose Of meeting and hearing Rev.
DIR. Coleman, who had been invited to
address the club in the interest OF
Willamette University. The attend.
ancc was not large, but this can be OK.
planned by the fact hat the regular
meeting night had been changed. and
this, being the FIRST meeting night
since the change, n following so
closely upon the heels of the last
meeting many OF tho members were
confused Is TO the dates.
President Thielsen called the meet.
ing to order In a very pleasing aud
brief manner introduced Dr. Coleman.
As was generally Understood. DR.. Cole.
man spoke upon the debt OF the Uni.
versity.
He said that he wished 10 say moth.
ing Of the past and the mistakes that
had been placing tho University in It's
present financial condition; he felt
that now was the time to look and plan
for the future. but before plans for
The future were made. and an endow.
ment was raised. the debt Of the Uni.
versity must be paid, FOR. he said;
There Is a certain amount OF public
opinion against the school, and there
Is only one way 10 change that opin.
ion. and that Is by paying the debt as
soon as possible The debt has been
reduced from $4,000 TO $4,000" The
doctor then explained that the pledges
had all been made with the under.
standing that they We're not TO be paid
until the whole debt had been pledged
and that the entire amount Of the debt
must be pledged by June LIST. About
two weeks ago all but $1,000 OF the
amount had been raised. and at this
time three gentlemen had pledged
$1,000 each. DR. Coleman then wrote
20 Mr. Hume who at once answered
with a pledge for another thousand.
The balance Of the debt unpledged Is
now $4,000, and this sum must be
raised by text month. or the other
pledges cannot be collected.
II want 20 say TO YOU, gentlemen, !
am not asking money, things must
stand on their own merit. II this in
stitutlon doesn't command money and
friends. then IL must die.
We cannot live as a second-class
school; then we must die said 50
in chapel, and the faculty and students
applauded. II there is one not In
sympathy with this feeling he will find
his place vacant haven't any doubt
the friends OF Salem will take the mat.
ter up.
When this money is raised. aud the
debt paid. we will just begin 10 live,
The University has not been living so
far. and when We are entirely free OF
debt, with a large endowment fund.
we will just begin 10 live.
We have not a perfect University.
no one would say IL was ideal: l hope
not, but we may have a good Uniyer.
sity when the debt Is paid. and We will
then begin 10 raise an endowment
The board has resolved 10 sell all
real estate, and last fall sold two
pieces. the farm near Salem and 100
acres OF the Witch Hazel farm. near
Portland. for $50 per acre. A corpor
Of the character OF ours could
not prohtably handle such property,
and not at all without employing a
financial agent at a regular salary.
hence they think IL well 10 sell. and in
vest the proceeds In muAicipal funds
or other safe investment
What man has done Is a good sign
VI what he will do. but corporations,
unlike individuals. may change. The
circumstances connected with the
may change. In the present o
pOrauon the circumstance have
changed. real estate is nOW ~saleable.
and is Increasing In value. "a In the
OF the Mount Tabor property
These words may give little idea
II what We are doing. and intend %
10. but hope the friendly feeling be-
~ zen the University aud the city may
be stirred up. II Is no original remark
o say that the University Is a bene-
II to Salem. and Il Is necessary that
salem cooperate. II Is a question II
he University could live without this
feeling existing, and l cher
sh hope and have reason for H. that
ntimate relations win exist in time.
4 am very grateful Mr. Chairman
or this opportunity o. addressing I