The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1905-01-21
YALE ALUMNI FUND.
THE 1860 MEN UNENLIST-
ED.

Money iOr I5Uo-tentereu On wen
Not Yet ON the RoIis-The Fund,
with Only 2,O25 Subscribers at Press
emit Has Thus Far Placed s214,4s1.1s
in the Treasury. -
One Of the departments of Yale actiy-
ity which has no particular season,
says the Yale Alumni Weekly, which
seeks no rest and which, makes a
twelve month campaign Of it every
year, is the Alumni University Fund
Association, There are. however, times
of special preparation and adjustment
and planning, and in the last few weeks
the Directors of this Fund have met in
New York and organized for the cam
paign of 1905. Those who attended this
meeting report it most enthusiastic
and feel there is promise for the future
of greater results than ever; which
is very natural in view OF the record
Of the Fund in the last year. No piece
of work by Yale men has ever fur
nished greater evidence Of the SUBJ
stantial quality of Yale loyalty than
has the historS of this fund, and par
ticularly its recent history.
1t Is the hope and ambition of the
Board each year to take advantage Of
all the good work that has been done
and hold it and to add some new work
and with 1t new revenue. It has seemed
two or three times in recent years,
when classes have raised special funds
at their reunions, that the limit OF
the growth OF the annual receipts has
been reached, because the fact was cer-
tain to be met, that some class would
come to its twenty-fifth anniversary.
whose members We're simply financially
unable to put forward, for instance,
any such sum as did the Glass of 70
last year, whose contribution totaled
sl0,430. To this the directors and
friends of the Fund make answer
by saying that the possibilities of
each Yale class have only vet been
touched: that even where the gem
eral bank account is not large, some
individual bank account is apt to be
I very large and class pride will help to
bring UP the average with one or more
contributions of magnitude; further
more, that, even should class reach
ing its anniversary find itself unable.
though with the best Of spirit and with
the best Of effort, to raise a large fund,
the general body of the alumni can
reasonably be counted on to come into
this army Of Yale contributors in larger
and larger numbers.
FISCAL ACCOMPLISHMENT
This last poinf is interesting From
one point of view the present number
of contributors. 2,027, is very fiattering.
Some Of the noble army of critics.
who laughed at the Alumni Fund at
its inception would have laughed loud
or if anybody had told them that such
a number would have been reached by
the present time. while they would
probably have exhausted their supply
Of the weapons or sarcasm had II been
intimated that BY June, 1904, the Uni
yersity would have received, with in
terest, s214461.lS, of Which in round
numbers $4,000 had been given for
income and $4,000 had been laid aside
for principal OF course, their laugh
ing has died away and they are busy
ing themselves in other directions now.
And in view of the history of the
Fund l. iss not supposed that they will
be inclined to doubt any statement as
to its future
There is no less an ambition on the
part Of the University Fund directors
| than to make this feature of Yale's
graduate life universal. To-day (this
is tie other side Of the picture) more
| than 10000 Yale men are not doing any
thing for this fund and in the mean
time their University, after the most
heroic economies and sacrifice on the
| part of those who are carrying it on,
I is rolling up 4 deficit while crying for
| new funds for new enterprises.
SCOPE $OBs THE FINANCIAL. PLAN.
The plan to-day of the directors Of the
fund is to secure further enrolment
from the great population OF enlisted
men. The success of the fund In deal,
! ing with these will depend, as the sue
| cess Of the past has depended, upon
| the work of the class agents. To them
has been primarily due the credit Of
tllttL WlllGli HAS pSeli StIGOlhpllSlA0us ASoW
| that the fund has assumed such pro-
portions and has become such factor
| in Yale's fiscal life, an appointment to
| the position Of class agent has come to
| be regarded as one of the highest Yale
| honors in graduate life. 1t is hoped by
| the directors of the fund that as Yale
| men come to appreciate its Importance
| once more, they will in very much larg-
| er measure reward the energy and de-
votion Of the class agents. In the last
| two years, through these volunteer lieu
tenants of the Yale treasury, moneys
! have been collected for the fund to the
| amount of $67;983.f7. OF this consider
able part has of course been added to
the principal, over $22, 900 being devoted
to this purpose last year, after applying
! ST., 500 to income account. IT, however
only so per cent. of those who do not
now contribute were enrolled in the list
| the Yale alumni, by simply individual
| gifts, which do not in any case cripple
| or embarrass the giver, could be rolling
| into the Yale treasury fund of 100000
| to be used freely and without restric
ton at any point where the university
| most needs it.
The board of directors for the incom-
| ing year is as follows:
| Payson Merrill, '65; William w. Skid
dy, '65; William B. Davenport, '67;