Evening journal., 1904-11-18
CATHOLIC UNIVERSITY
Rector 0'Connell Issues Statement
on Financial Condition.
LossEs ~ wAeeAMAN FAILuRE

Neither That Nor Marquise De Mon.
stIers' Remuneration VIII Stop Work
Of Uphuilding, As Proffers Of As
sistanee Have Been Received.
Washington, Nov 1s.-The board OF
trustees Of the Catholic University,
which has been meeting here for two
days, adjourned until the second We'd
nesday after Easter. In all four ses-
slons we're held during which the
principal topic Of the discussion was
the finances Of the institution. There
was also informal consideration Of the
letter Of the Marquise de Monsters
Merlnville. founder Of the university,
in which she made public her renun-
citation of the Catholic religion.
At the university it was announced
that Notwithstanding the Waggaman
failure, by which the university will
lose at least part of the $4,000 which
had been invested through him. the
work OF the institution would 20 on
with greater vigor than ever before. It
was positively stated that no action
was taken by the trustees regarding
the Marquise de Monsters letter
Neither that nor the Waggaman fail
ure, it was said, would stop the plans
for the upbuildlng of the university
and It was intimated that proffers OF
financial assistance from Catholics
throughout the country had been
made. For the present the finances OF
the institution will be managed by the
committee appointed last year.
Rector O'Connell issued a statement
regarding the affairs Of the university.
a resolution having been adopted by
the trustees to that effect A more for
NAL one will be issued in the near fu-
ture to the Catholic public. The pre-
liminary statement authorized is as
follows;
"The board Of trustees takes this oc-
casion to thank all those who con.
tributed so generously in the past year
for the support of the university, and
thereby exhibited their desire to cor
respond to the wishes Of the pope The
collection last year amounted to over
S105,0 900. Out of this amount and other
contributions the university was abl 3
to pay off its floating debt, which
amounted to $6s.743, and to pay cur
rent expenses, as well as to invest $780,
600, In addition to this $4,000 were
contributed by the Knights Of Column
bus to found the chair of American his
tory. This s100 600 was placed for in
vestment in the hands of the finance
committee, which is composed of gem
tlemen who enjoy the highest reputa-
tion for integrity and business ability.
No money was placed in the hands Of
Mr.. Waggaman since April, 1903, and
therefore no part of this 500, 900 is in
volved in the bankruptcy proceedings
| brought against him. The trustees
considered this failure and approved
the course taken by the counsel fol
the university in looking after its in
terests. We ask for the generous CO.
operation of all people of the country
who are interested in the welfare oI
the university to do everything II
lhtll poWtl W dhninN III uullulhh IL up
"The annual collection for the uni.
versity is set for the first Sunday in
Advent, which this year will be No
vember 27."
From an authoritative quarter II
was said that the forthcoming state
ment, of which the above is but q
synopsis will make no reference to the
Marquise de Monstiers-M -Merinville.