The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-09-23
REPORT OF CATHOLIC
AMERICAN UNIVERSITY
RECTOR ASSERTS THAT DECIDED
PROGRESS HAS BEEN MADE.
Institution Has $685., $4,000 Safely In
vested to It's Credit-Has in Addi-
ton a Number of Valuable, Tho as
Yet Unsettled, Legacies.

Much interest is manifested in the
seventeenth annual report of the rec
tor of the Catholic University of Amer
lea, just made public. It is for the
fiscal year ending March 81, 1906.
1T seems, says the rector, that
can be observed, in the number of
students and in their application to
studies, in the condition of our finances
and in the vital spirit of organization. -
Compared with the figures of the pre-
vious year the registration of last year
shows an increase of seventythree
students. The total registration in
1905 was 1l9 in the four departments
theology, philosophy, law and technol-
partment Of philosophy the most stu
dents were registered during each OF
these years.
Adding to these figures the fifteen
students from the Dominican college
that attended the course Of Professor
Robinson in oratory, without register,
ing, the university had total OF 2O2
students.
"From the treasurer's statement ac-
companying the report it will be seen
that the finances are on a solid bust
ness basis,'' says the rector. "During
the course Of the past year the funded
debt was completely liquidated and
the current expenses of the university
have been paid up to date. AS a rule
they are all paid at the end of each
month and statement is forwarded to
each member Of the board.
"The money now invested to the
credit of the university and placed in
safe securities amounts to $36S, 1908
Receipts from the university cOllec
ton amount to date to 77,477.47. The
only liabilities of the university are
two annuities amounting to $5,4S2.52.'
The report continues: "The sever
al insurance policies that formerly
were distribu among several compa
MES and that expired at varying pc
RODS Of time have now all beer
placed by the action Of our treasurer
under the management of firm of ex
perts in fire underwriting and all made
to harmonic in point of time, running
for five years, the premiums all pait
In advance. At the same time repre-
sentatives Of the company visited tn
grounds to. make 8, close inspection @
all the university buildings. On thei
departure they left with us direction
for many measures Of greater securit,
and we have tried to put them al
faithfully into effect.
"The university has besides to it
credit a considerable number Of IN
settled legacies and of requests no
yet available, amounting at eonserv
alive estimate to some hundreds 0
thousands Of dollars. 1t might not b
fitting to speak of them all here, bu
mention must be made of some Of then
Twenty still remain unsettled.
"Mr. William Dillon of Chicago
prosecuting for the university the SUI
In the case under the will of the LAT
Maurice O'Brien of Pierce City, Nc
and he has located in the city of Ch
cago five lots falling to the universit
under said will. Two of these 10,
are situated on Cottage Grove avenr
and three on Drexel boulevard. NJ
George E. Hamilton, counsel for tt
university, will explain to the boar
the condition Of the suit in the Wa
gaman estate.
"Mr. Thomas P. Fay Of Lo1
Branch, N. J., has been intrusted wi
the management of the property of Il
university situated in that locality al
the property is now in the market a,
in demand. The property returned
the university by foreclosure of t
original mortgage.'