Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-21

As result. there was No deficit last year,
nor rs there at present any noafine deot. E,
The amount deA4ted b. the knights OF
SoiumOus. and not Included In the recespts
mentioned above, was $4,000. This was
also invested, making total investment OF
$lU.UW The funds were placed Tor IN
mittee appointed last year (19SD. and com.
posed OF gentlemen who enjoy the nisneSt
repueation f0r Integrity and business adj am
i.y me eIfsre amount, there!oIe. .es s,a.
ing from thk collection Is absolutely iSo
from rne complications and risks to when.
as you doubtless have learned through tue
press. the general endowment OF the UNI
nan been ispation
lt my duty p inform you that the Ia ~. ?
hitherto handled by the treasurer OF the
university aggregate 1881. 600 The dispose.
property of he university. its lands, build
fngs or equipment. The funds themselves
are protected by securities, which, IS
settlement, insure the university against
serious loss
Pending Final Adjustment.
''on the other hand, pending the final adj
justment Of all claims Eow in litigation.
the university is in large measure deprived
OF the revenues which have heretoiore
been available for it's work. This is the
more regrettable at the present time "hen
the university should be so strengthened
and developed as to attract our Catnoiic
young men and withdraw them from nom
Catholic institutions. With the utmost
economy as now practiced in every Depart
ment the income is not sufficient Tor the
necessary expenses. -
THE foregoing statement VIII Eaturaliy
suggest variety of reflections;out What 10
really needed just now is tactical sym
rsthy and generous cooperation. rms. l
am happy to say, has been shown by the
trustees and by friends Of the university
The amounts which they have guaranteed
together with the next annual collection,
which, it is hoped, viii equal, If not eX-
coed that of last year, will enable us 10
invest considerable sum after all cur
rent expenses are paid Moreover, a sys-
tenn of financial administration has already
been adopted that, for the future, will rem
der the mana cement of the funds absolute
ly secure, With the assistance of the
hierarchy, in the n amer indicated by the
holy fatLer we feel confident that the uni
versity will be placed on sound financial
basis.
Justice to Donors.
I'm justice to those who, as individuals
or as associations. have endowed the uni
versfty, we should see to it that its work is
continued. Our Catholic people, / sincerely
believe, will aid literally In supporting an
institution founded by the American epis-
copate for the common good Of the clergy
and laity in all our dioceses. To our non
Catholic fellow-citizens, our united efforts
in behalf of the university under existing
circumstances will plainly show that We
have at heart the best interests of educa-
ton and that weaare not to be thwarted
by difficulties.
"As am prepared to do all in my power
to build ur the university and determined
to guarantee it against all loss. even at
the sacrifice of all l possess, / feel assured
that you ard your clergy will aid this
sacred cause by ar earnest appeal to the
generosity of the people under your
charge, and by personal sympathy for the
work to which this collection is applied.
'The holy father in his letter on the sub
ject last year. directed that this annual
collection be taken up on the first Sunday
of Advent, or on the first convenient Sum
day thereafter" nd