The Brunswick daily news. [volume] (Brunswick, Ga.) 1903-1906, 1904-11-22
CALL FOR AID
FOR UNIVERSITY
-&-
Statement Has Been Is
sued By James, Cardi-
nal Gibbons
MORE FUNDS ARE NEEDED
Says Funds Hitherto Handled by
Treasurer cf the University are
Protected by Securities, but
More Nancy Needed.

Washington Nov. 21-In accordance
with an understanding reached at the
recent meeting of the board of trus.
tees Of the Catholic university, Cardi-
nal Gibbons today gave to the press
al official letter addressed to the
Catholic clergy. The letter is dated
baltimore Nov. II.
1t says that with the collection talk.
en- one month before the first Sunday
Of Advent this year and with dona.
tions from various sources, the re-
ceipfs OF the university for last year
alart from its regular income, amount
ed TO $150S09 OF these funds S68..
'43 wa employed in the payment OF
debts, $4,000 was invested and the re,
nainder was ased to meet current ex.
penses. AS a result there was no de.
fleit las year nor is there at present
auS floating debt The letter adds:
The amount donated by the
Nr-ghts Of Columbus and not includ.
% in the receipts mentioned above
vas $4,000 This was also invested,
Making a total investment of 100000
The funds We're placed for Investment
il The hands Of the finance committee,
arpoiutcl last year and composed Of
genlemcn VIII enjoys the highest rep
.utatioa for integrity and business abil
ity The entire amount. therefore, re
smting from The collection is absolute,
l. free from the complications and
cisss to which as you doubtless have
learned through the press, the general
endowment of the university has re.
Gently been exposed.
Securities Protect FUNDS.
Regarding the actual situation, l
deem it my duty to inform you that
the funds hitherto handled by the treas
urer of the university aggregate 1881,
geo. The disposal Of these funds in
no way involves the property OF the
University, it's lands. buildings or
equipment The funds themselves
are protected by securities. which it is
confidently believed, will in any equit-
able settlement. insure the university
against serious loss.
on the other hand pending the r.
nal adjustment Of all claims now in lit
ieation. the university is, in large
measure deprived Of the revenues
which have hitherto been available for
this work. This is the more regretta-
bic al the present time when the un-
i,ersity should be so strengthened and
developed as to attract our Catholic
young men and withdraw them from
non-Catholic institutions. With the
utmost economy as now practiced in
every department the income is not
sufficient for the necessary expenses.
The amounts which the trustees
and friends Of the university have
guaranteed. together with the next an
nUal collection. which it is hoped, win
equal if not exceed, that of last year,
viii enable us to invest a considerable
sum after all current expenses are
paid. Moreover. a system OF financial
administration has already been adopt
e3 thai. for the future will render the
anagement Of the funds absolutely
secure. in Justice to those who, as
individuals or as associations, have
endowed the university we should see
that its work is continued.
Expects Liberal Aid
Our Catholic people, sincerely be.
lieye will aid literally in supporting
an institution founded by the Ameri.
can Episcopate for the common good
o the clergy end laity in all our dio-
ccse. TO our non-Catholic fellow ciu.
zens, our united existing clrcumstan
ces viii plain'g show that we have at
heart the best interests Of education
and that we are not to be thwarted
BY diHculies.'
Notices o; Eviction Served.