New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-11-18
UNIVERSITY TO GO ON.
SETTLEMENT OF TRUSTEES.
No 4ctiOn Taken on Letter Of
Marguise des Monsters.

Washington. Nov. 1.-THE board of trustees
Of tie Catholic University which has been III
session here for two days. adjourned to-day until
the second Wednesday after Easter Four ses-
sioTs were held at which the principal topic OF
discussion was the finances of the institution
There was also informal consideration OF the
Letter OF the Marquise des Monsters founder Of
the university, in which she made public her re-
nunciation of the Catholic religion. At the uni
rersiiy tonight at the close of the afternoon
session. it was announced that, notwithstanding
the Waggaman failure by which the university
will lose at least part of the SS76 900 which had
been invested through him. the work of the in
stituton would go on with greater Vigor thah
ever before 1t is positively declared that no &C
ton was taken by the trustees regarding the
letter of the Marquiss des Monsters. Neither
that nor the Waggaman failure, it was salo'
would stop the plans for the upbuilding of the
university, and il was intimated that oHers OF
financial assistance from Catholics Throughout
the country had been made. For the present.
the finances of the institution Will be manager
by the committee appointed last year.
Tonight Rector O'Connell, through his sec
rotary Father Dougherty, issued a statement
regarding the affairs of the university, reso-
luton having been adopted by the trustees to
that effect. A more formal announcement will
be issued in the near future 10 the Cathohc
public The preliminary statement aulHoll|e"
tonight is follows:
The board of trustees takes, this occasion 10
thank All those who contributed so generously in
the last year the support of the university and
wishes of the Pope. The collection last year
amounted TO over $4,000. Out of this amount and
other contributions the university was BILE TO pay
off it's floating debt which amounted to S6S IS, and
10 pay current expenses well as TO invest
so Oll In addition this 600 contributed
nv the knights of Columbus to found the chair OF
American history. This 100000 was placed TOT IN
Vestment in the hands of the finance committee
which is composed OF gentlemen who enjoy the
highest reputation for integrity and business abi-
itT No money placed In the hands OF Mr.
part of this 100000 is involved in the bankruptcy
proceedings brought against him. The trustees
considered this failure and approved the course
AIKEN by the counsel for the university in looking
after its interests We ask for the generous CO.
operation of all people of the country who are in
terested in the welfare Of the university TO do
everything in their power to assist in building IT
up The annual collection for the university Is set
for the first Sunday in Advent. which this year
will be November q. Provision was made by the
y GARD 10 the financial solidity OF the uni
scope with particular reference to the undergrad
uate course which naugurated this year, and
this work will be pushed more vigorously than
before
From authoritative quarter II was SAID
that the Forthcoming statement of which the
above is a synopsis. will make no reference to
the Marquse des Monsters