Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-06-17
FINANCIAL EXHIBIT
Annual Report of Catholic
University of America.
PROMINENT FEATURES
LIST OF CONTRIBUTORS TO cARDI-
NAL GIBBONS FUND. as,t,
Funded Debt of $3.50, 900 and Two An
nuities Against Assets-Wag
gaman Property Sales.
PROMINENT FEATURES

The sixteenth annual report of the Catho-
lie University of America has been made
public by Mgr. O'Connell, the rector In
view of the fact that the report treats Of
the affairs Of the institution since the fall
ure of Thomas f. Wasgaman. it is of more
than ordinary interest to friends and MEM
bers of the university.
The total assets of the institution are
given without including the claims of the
university to property formerly owned by
Thomas E. Waggaman. From Mr.. Wagga-
man, however the following items are re-
corded among the assets:
Interest from Thomas E. Waggaman, to
August, 1904. $15,GOs.O9: interest on colat-
eral notes surrendered by Thomas f. Wag-
gaman, $1,14769; collateral notes surren-
dered by Waggaman. $3.50. %, and sale of
property at Sth and G streets. SOS, 00O.''."s
One of the most interesting features of the
report is the list of contributors who make
up the Cardinal Gibbons fund and which
includes John Pierpont Morgan. who gave
$4,000; Senator Aldrich of Rhode Island,
who gave $1,000; Senators George P. Wet
more of Rhode Island, Winthrop M. Crane
OF Massachusetts, John T. Dryden of New
Jersey. Thomas Kearns of Utah and the
vice president of the United States, Charles
w Fairbanks. all Of hom contributed
$1,000 each. Cornelius N Bliss of New
York was also a contributor to the extent
of 81 900
This fund has reached $50 943 20, and is
led led by the cardinal himself. who gave SILL
900 from his meager private fortune. The
other contributors are prelateS and laymen
in every portion of the country 1t is I'M
derstood that the cardinal will continue
his collections until he has obtained 100000
Mgr OConnell records that funded debt
OF Sl5O,0O0 and two annuities amounting to
$3.50 stand against the assets which he
gives in detail. with total of 81 225. 30i. 05.
Continuing, Mgr. OConnell says that the
number of students registered during the
year numbered 113. against 81 last year.
OF these students there were 20 ecclesiastics
and 43 laics.
Financial Showing.
"The university has had no treasurer this
year" says the report land for that rea-
son there is, strictly speaking, no treas
urers report The attorney for the uni
versity will, no doubt explain to the board
the steps that have been taken to protect
the university in the bankruptcy of its for
mer treasurer. The financial statement
here presented is intended to take the place
of the report presented annually by the vice
rector and assistant treasurer. The items
concerning Caldwell Hall have been taken
from the accounts of the Rev. Procurator
From the following statement it will APP
pear that the finances of the university
during the past year reached the consider
able sum of $406.7S7.44 Out of that
amount SOS, were paid to meet the
current expenses of the year. 100000 were
placed in permanent investments, as is seen
in the report of the financial committee
given below. and ssh, T007S represent cash
on hand or deposited in banks in Washing
ton or Baltimore During. the year 500, o
were paid on the funded debt and $4,000
to liquidate a floating debt contracted to
carry on the university after the treasurer
suspended the payment of interest in Au-
gust. The funded debt now amounts to
S1o0.O00, but there Is money on hand to
reduce it $4,000 more on the first day of
next June. The university has no other
debt or obligation of any kind except two
annuities amounting to $5,4s2.52
I'm the receipts mentioned above is in
cluded $4,000 received from the sale of the
house and lot situated on G street, in this
city One-haif lot was also sold in Omaha,
obtained from the Peabody estate, for the
sum of $500, but the money has not been
received yet. owing to a long delay in
searching the titles. The university re-
ceived S4S0.67 under the will of Mr.. Pat
hat nf Mr.