The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-06-29
GIVES A MILLION TO YALE.
ROCKEFELLER DIRECTS THAT 1T
SHALL BE INVESTED.
Income for Current Expenses Graduates
Equal tho Git. Their Contributions
Hanging From $50 900 10 $3.50 900
Rockefeller Had Neptews At Yale.

NEW HAVEN. Conn, June 2s.-When
President Hadey announced at the annual
dinner OF the Yale alumni this afternoon
that 81 100000 had been given to Yale by
John d. Rockefeller, the 1000 persons
in the vast dining hall, nearly all Yale
men, gave shouts Of approval. which con-
tinued for several minutes. Nearly all
the members Of the faculty, who were
seated well up In front OF the hall near the
speakers platform, took part in the cheer
ing.
"Now. gentlemen, said President Hadley,
when he got chance to speak "the only
condition underlying Mr.. Rockefeller's gift
Is that the money Is to be invested in income
producing securities and preserved inviolate
as an endowment for the institution, the
annual income only to be used for current
expenses.
"While Mr.. Rockefeller's gift did not
prohibit lis from raising similar sum
ourselves, 1t did not stipuate that we must
do so. Although 1t was not our original
program to announce this at this time,
Mr.. Stokes suggests that tell you that II
Mr.. Rockefeller had made the last condition
we are in position to carry it out
There was another uproar and more
cheers in which the entire audience, except
the dignitaries on the platform, who this
day had received their honorary degrees
from Yale took an active part. The Presi-
dent went on:
1t is therefore with great pleasure that
announce second gift Of 81 900 600 toward
the permanent endowment fund Of Yale
University. This has been subscribed in
sums VARYING from $50 900 to $3.50 100 by
Yale graduates"
For the fourth time President Hadley
was inter, rupted by the approving yels
Of the alumni, President Hacley said that
this was only the lightning OF largely
Increased endowment fund. He explained
that it WAS tile original intention Of the
Yale officials to keep the amount subscribed
to this fund a secret until the fund had
reached II much larger figure than it has
reached at present
Bat, said the president, -the nneS-
rected additional gift from Mr.. Rookie
feer could not he long kept secret. When
was ma king up my report for to-day to
present to the alumni here, | expected
to only have to announce that the alumni
fund had l,eeu increased by $50. 600. Since
that time however, the money has been
coming in. until il has now reached 50? 900
This has come in large and small suius
from Yale alumni from all over the world.
one foreign missionary sending check
FOR $1,000"
D." HaLley said that th.se s. COO Geo
already subscribed were to tie considered
merely the beginning OF an endowment
fund which must at least he dsu,ie,d in Z lie
next year. if Yale was to lnaint lin her
position in the educational world. 1t was
stated by prominent Yale man tonight.
that u arge part OF the 81 ,0Oo. coo made up
Nv Yale men was subscribed through the
efforts Of Secretary Stokes Mr. Rookie
Teller had two nephess who were graduated
from Yale William q. Rockefeller. q
member of the class Of 80. and Percy A.
Rockefeller. of ~. They were both very
democratic, studious and popular among
their classmates. Percy took d good deal
OF interest in the sports of Yale and WAS
mana ger of the football team. William
g. cared little for athletics.
President Hadley was asked tonight
IL the 81 900 900 has been solicited from Mr.
Rockefeller by any Yale official. He asked
to be excused from answering that Ques-
ton. He said that the gift had been ac
cepted.
tinted States Senat or-elect Frank b.
Blundegee OF New London, member of the
class Of 50, in his address at the alumni
meeting Yesterday used remark thar
made a little stir among the Yale men at
the meeting at the time Bring on your
tainted money; we will purify it with the
Yale spirit and consecrate it to the blessed
mission of educating noble lnen to uphold
the institutions Of our glorious country.
and with wisdom. patriotism and liberia!
conservatism, keep her in the front ranks
If the nations of the world
Previous to the announcements Of the
two $I,OOO,OoO gifts the alumni enjoyed
their annual dinner. The first speaker
was Henry Waters Taft. Yale so. Of New
York. He said he was still awed by the
pageant of the commencement, parade
to-day which put him in mind Of the story
told OF the recent installation OF President
Luther of Trinity. A farmer who attended
those ceremonies said he had been to Bar
nuns and had had delirium tremens twice.
but he had never seen anything ike that
installation parade. MIR. Taft remarked
that IL that farmer had seen the gyrations
of the Highland white wings of '02 he would
have had to record another case OF tremens.
During the commencement exercises
in Woolsey Hall TODAY Sir Edward Elgar
of England led the symphony orchestra
that played two OF his compositions. He
wore the most striking academic gown
in the academic para de. 1t was of white
brocaded silk. edged with crimson velvet.
and the large hood was lined with the came
bright color. He wore a small blac!, velvet
cap. which was square and without any
tassel. In the parade Prof. John c. Sch"ab.
who was marshal carried the gold mace
and President Hadley wore for tn first
time the ieweled cola rette, with the Yale
seal pendant set with precious stones. The
John Addison Porter university essay prize
has been awarded to George s. Arnold OF
New Haven. graduate Of Yale College
in the class Of 1908, and at present student
in the law school.
Honorary degrees were conferred as
follows
Doctor of Laws-Augustus ST. Gaudens.
the sculptor Edwin A. Alderman, president
of the Universit- OF Virginia; lie 1Baron
bradford Colt, Judge Of the United States
Circuit Court, and DIR. Abraham Jacobi
Doctor Of Music-Sir Edward Elgar.
Doctors of Divinity-The Right Revs.
Frederick William keator and John Frank
Claw