The daily palladium. [volume] (Richmond, Ind.) 1904-1905, 1904-02-08
PAST, PRESENT
AND FUTURE
OF DE PAUW UNIVERSITY-A
GREETING FROM NEW HEAD
TO ALUMNAE
EDWIN HOLT HUGHES
Is Pleased With the Present and Has
Bright Hopes For the Future.

Tt pleases me to accept the courte-
Gus offer of the faithful and efficient
secretary of our Alumni association
ana to address a few words to the
graduates OF the Univer~ity. / have
reason to thank many OF you person
ally for most hearty Welcome TO my
new work. One of the most cheering
introductions to my service at Green
castle has been the loyal word re-
ceived from scores of our old stu
dents. / feel sure, likewise, that in
cases where no formal message Las
been sent, there has still been an
abundance Of good wishes for the new
administration. | promise you the
best that l can give to the building
up Of this beloved institution. [ call
your minds to one or two items that
may interest you all.
| believe that our financial crisis
is past, though our financial problem
abides with us still. Several years
ago the difference between natural
income and necessity outgo was $1S,-
600; now the difference is $4,000 Of
course, this deficiency Of $4,000, must
give us concern. Yet we hope that
with the generous aid of our alumni
and friends we may provide for 1T
before June. We hope, also, that a
few years hence we shall have a suffi-
cient endowment so that we may not
be distracted by the raising of any
annual deficiencies in current funds.
[ have had blank cards prepared
for three year subscriptions to cur
rent expense fund. I cannot get my
mind s consent to send any of these
in my first address to the alumni.
Frankly, this message is not prompt
ed by a financial motive. If any of
you feel that you can help us in the
raising of this $4,000, I shall be glad
to send you subscription cards upon
demand. But please do not feel that
| have written this letter with a view
to collecting money.
As for endowment-w have now
Just about 100000, one-balf Of which
is subject to annuity. Our invest
ments are all made by the Union
Trust Company of Indianapolis. one
of the safest and strongest institu-
tions of the state. [ really believe
that no College between the oceans
has any better financial system than
the one we are now using. In this
you will all rejoice.
We have fair increase of students
over last year. This IS hopeful be
cause the increase was perfectly nat
ural No special effort was made to
stimulate attendance; other things
needed immediate care. We depend
upon our alumni to turn the thought
of prospective students toward De
Pauw University. Our graduates are
both our best assets and our best
agents. We have a magnificent stu
dent body. Through all the years of
financial depression the undergradu-
ates have been of the same alert and
promising type that has always char
acterized the institution.
Let me express the surest conf
dence in the future of the University.
There is a great turning of enthusi,
asm to the school from all directions.
Next year we shall increase our fac
ulty by the addition of most valua
BILE member who will come to us at
large financial sacrifice. From all
standpoints the outlook is full of
hope 1t will take time to reach the
heights. But we are moving upward.
As we reach each farther range, we
shall Grid ourselves again and halt
not until we put DePauw University
in the uppermost place. In this spir-
it I send my opening greeting to all
our alumni. I wish you all the heart
Jest Godspeed. Yours Ever,
Edwin III. Hughes.