The Montgomery advertiser., 1905-12-30
BIJOU Matinee Today, 15 to 35c. Frank Dudley and Company.
PENSION FUND FOR PROFESSORS.
Carnegie Makes 1t Fifteen Milton Dol
 lnrs-WiII give all Needed.


 Iars.-win give all Needed. Boston Advertiser.
 Now that President Pritchett has ac- cepted Andrew Carnegie's offer. some additional facts are coming out. The SC can now be made public The Carnegie foundation fund is to he increased be- yond the original li,'-it of si0000. 0.o0n Its benefits are to reach also sectarian and State aided institutions, contrary to the original intention. as announc- ed. Probably every professor retired from any American college of high standing will be able to benefit by Carnegie's pension plan hereafter. Mir Carnegie will devote the greater part of his energies henceforth to this work making 1t the one object of importance from now on. The other philanthropic interests with which he has been con nected will have to be satisfied with what he has already done for them. The Carnegie Institute will rest with its endowment and the National Uni- versity at Washington will be simil- arly fixed. And there will probably bc few more Carnegie libraries.
 This is in accordance with the ideas of President Pritchett. who has long had this use of the fund in mind. Pres idant Prltchett has made close study of this plan. Even long before his con nection with it was announced. before oven announcement was OI tnc Carnegie funds existence, he had been considering the matter. in co-opern- ton with Mir. Carnegie The original fund of SIG, ,000, 900 had to be somewhat restricted to it's application. in order properly to cover the ground. Tho ra- striction was to be accomplished By ex' cluding from It's benefits sectarian and
 State aided institutions. It was caic"' lated that $400,000 would be the ncces. sary annual amount for the pensions under this plan. The remaining $100.- 900 of income were reckoned in an al. lowance for an excess of this amount, and for salaries and other expenses lp. cidental to the fund. MT. Carnegie has now decided to remove these restrict | ions. So his fund will reach univer | stiles, colleges and technical schools | throughout the country, whether secta' | rian or not. and whether the recipients l of State money or not. .. Tn order to accomplish this it will be | necessary, of course. to have a fund | larger than the original $10,000, 900. MT. Carnegie will meet this need for
 more money, in any. amount that will ! ne found necessary. up to $15.000,000. | or even more if 1t is demanded. It is | thought that $15,o00.000 will meet all | the present needs of the fund even un- restricted. and this will probably be the | size of the fund. the income of which will be available. Eventually the amount will probably be much larger | as the growth of the institutions and | the added needs become apparent. Mir. Carnegie will hold himself ready to re- | spond to the added call for money at | any time.
 This new advancement will do away l with a very vexing problem in con | nection with the disbursement of the | fund as originally restricted. It was t uTk | In knowing just where to draw the line | between sectarian and non-sectarian | institutions. There are many institn- l tions of learning In the country which
 were originally sectarian in character. l Of recent years the sectarian influen- | ces have been to a large extent allowed | to fall into the background. so that the | institutions are, to all intents and pur- | poses, non-sectarian. How to differen l tiate these institutions was a problem | that had been much speculated upon, | especially by the religious papers of | the country. some of which have ex- 1 pressed the fear that the temptation
 would be strong for many sectarian in stitutions to renounce their sectarian- l ism in order to come within the scope | of the fund . | Any such danger Is now. of course. done away with There will be nothing | fin tho rules governing the disburse-
 ment of the fund to affect the policy | of any institution that wants to benefit by Carnegie's gift. The only restric- ton on the income of the big fund will
 be the educational standard of the in- stitution in question. The board of
 trustees of the fund will pass upon this
 point, and If they decide that the in-
 stitution is of sufficiently high grade,
 from the point Of view of scholarship,
 there will be nothing to prevent It's
 drawing upon the foundation for pen
 sions.