The Washington times., 1904-11-21
A REFERENCE TO WAGeAMAN
No Mention of Recantation Of Faith by
Marquise of Monsters, Patron
of the Institution.


directly interested in the affairs of the
institution.
Only indirect mention is made of the
Waggaman failure, and the renuncia-
ton of faith by the Marquise DIES
Monsters is completely ignored
Cardinals Statement
The statement is issued from the epis-
eopal residence In Baltimore. and is as
follows:
Cardinals Residence.
Baltimore, Nov. i. 1904.
Right Reverend Dear Sir. The board
OF trustees of the Catholic University
Of America. at their meeting, April u,
1904 unanimously adopted the follow
Resolved, That his eminence the
chancellor Of the Catholic University
OF America. be requested 10 write and
send TO the hierarchy of the United
States, one month before the first sun
day Of Advent. 1904, q letter OF thanks
for the interest taken in the collection
for the university in 1858 and asking
them 10 kindly keep up their generous
solicitude for this worthy object by
recommending iC 10 the reverend clergy
and the laity OF their respective JuTis-
dictiOns'
''In pursuance of this action OF the.
trustees. / desire 10 state that the contri-
buttons received from seventy-slX do
ceses amounted 10 Su5,O0l5S This gen
erous response of our clergy and people
10 the express wish of the Sovereign
Pontin is an evidence both OF cheerful
obedience TO the holy see and Of gener+
Gus devotion 10 their pastors. 1t is
also gratifying and encouraging 90 the
trustees that so widespread an interest
should thus be manifested in the well
fare of the university, which. as 10 en-
bodies the highest form OF Catholic
learning, is the most important under
taking of the hierarchy in view of the
general good. In the name of the trus-
ii Hnnn rfaHnHa
clergy, and your people grateful ac-
acknowledgement for the share you have
taken in the fuFtherance OF this great
work.
with the collection and with dona-
lions from various sources. the receipts
OF the university for last year. apart
from the regular income, amounted 10
150,S095A OF these funds. SOS. 1924 was
employed in the pay ment OF debts, &0.-
900 was invested. and the remainder
was used TO meet current expenses. AS
a result there was no deficit last year,
nor is there at present any floating
debt.
The K. Of c. Gift.
THE amount donated by the knights
OF Columbus, and not included I'm the
receipts mentioned above was $4,000
This was also invested. making a total
investment OF 100000. The funds were
placed for investment in the hands of
the finance committee appointed last
year Q903). and composed of gentlemen
who enjoy the highest reputation for
integrity and business ability. The en-
tire amount, therefore. resulting from
the collection, IS absolutely free from
the complications and risks 10 which.
as You have doubtless learned through
the press. the general endowment of the
university has recently bsen exposed.
Regarding the actual situation, /
deem il my duty 10 inform you that
funds hitherto handled by the treasurer
OF the university aggregate SSH 0Qe.
The disposal OF these funds IN no way
involves the property of the university,
funds themselves are protected By Sc
cuTlties, which. IL IS confidently believed,
VIII, in any equitable settlement, insure
the university against loss.
A Regrettable Circumstance.
ION the other hand pending the final
adjustment OF all claims now IA Iltiga-
ton. the university Is I'm large meas
IRE deprived of the revenues which
have heretofore been available for its
work. This is the more regrettable at
the present time when the university
should be so strengthened and developed
as 20 attract our Catholic young men
and withdraw them from non-CathOllc
institutions With the utmost economy
as now practiced IN every department, |
the income Is not sufficient for the nee
essary expenses.
The foregoing statement will natur-
ally suggest a variety OF reflections. but
what is really needed Just now is prac-
teal sympathy and generous co-opefa-
ton. This. i am happy 10 say has
been shown By the trustees and by
FRIENDS or the university The amounts
whlch they have guaranteed, together
with the next annual collection, which |
1T Is hoped. will equal II not exceed I
that OF last year. VIII enable us 10 in-
vest considerable sum after an cur
rent expenses are paid. Moreover a
system OF financial administration has
already been adopted that, for the fu-
-ture, viii render the management OF the
funds absolutely secure With the assis-
lance Of the hierarchy, in the manner
Indicated by the holy father. we feel
placed on a sound financial basis. In
Justice 10 those who, as individuals or
as associations have endowed the uni
versity, We should see that it's work IS
continued.
Confident Of Aid.
'Our Catholic people / sincerely be-
lieve, viii aid literally I'm supporting an
institution founded by the American
Episcopate for the common good Of the
clergy and laity In all our dioceses. To
our non-CathCnc feIow-citizens our
united efforts In behalf Of the university
under existing circumstances Will plain
~ show that we have AZ heart the best
interests OF education and that we are
not 10 be thwarted by difficulties
"As 1 am prepared 20 do all In my
power 20 build up the university, and
determined 20 guarantee II against all
loss. even at the sacrifice of AN / pos
sess. i feel assured that you and your
clergy viii aid this sacred cause bv
an earnest appeal 10 the generosity OF
The people under your charge. and bV
personal sympathy Tor the work 10
which this collection Is applied.
The holy father. In mis- letter on the
subject last year. directed that this an
nual collection be taken up on the first
Sunday " Advent or on the first con-
venieut Sunday thereafter.
JAMES CARD. GIBBONS,
''ChancellOr OF the Catholic University
OF America"
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