Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-05-16

regarded as q right that goes with me pro-
fession of teaching to counterbaiance the
small pay. He considers ii more important
to emphasize, this principle than to benent
individuals. IT, therefore, the board or
trustees recognize 100 or $50 institutions ne
believes that the pension principle VIII be
established as a part of our educational
system. and he hopes that Ii viii be adopt
ed by state and municipal institutions. de-
has left them out on the ground that 1t Is
a doubtful policy for a public Institution
to accept aid frem private individual, and
that it is equally doubtful policy for a Dri-
vate individual to confer benefits upon the
officials of a state.
Pay of College Professors.
There are now in round numbers abou,
7O0o college professors in the United
States, Canada and Newfoundland. OF
whom about 5000 will be eligible to par
ticipate In the benefits of the foundation.
So far as calcula tons have been made, be-
tween 800 and 900 have passed the age OF
sixty-ffve and have taught period ex-
ceeding fifteen years, and are therefore en-
titled TO pensions that will average s1,5Uo
a year. The average pay of all college pro-
fessors in the United States Is in the neigh
borhood of $1,000 a year. Omittng state
institutions and small colleges, which do
NOT come up to the standard fixed by the
trustees, the average salary paid to the
Faculties of the remainder Is about 81 800.
The average salary in state institutions Is
N,Sio; the average In UNCONVENTIONAL instl-
buttons Is 1920 year, and the average IN
non-state. non-denominational institutions
is $1,000 year.
In reckoning the amount of the retiring
allowance, the average salary of the applI-
cant for the last five years of service will
be considered his active pay, and the PEN
sions Will be allotted upon the, following
basis:
Any person sixty-fve years of age, and
who has had not less than fifteen years OF
service as a professor, and who is at the
time professor in an accepted institution
shall be entitled to an annual retiring al
lowanee computed as follows:
Ca) For an active pay of S1,G)0 or less, an
allowance of $1,000, provided no retiring
allowance shall exceed 30 per cent of the
active pay.
(b) For an active pay greater than s., 900
the retiring allowance shall equal 81 0O0
increased by $50 for each SIG0 of active pay
in excess of 1000
Any person who has had a service OF
twenty-five years a professor and who
is at the time a professor in an accepted
Institution, shall be entitled to a retiring
allowance computed as follows:
(a) For an active pay OF 81, 800 or less a
retiring allowance of $500, providing that
no retiring allowance shall exceed 80 ner
cent of the active pay.
tp) For an active pay greater than 81 600
the retiring allowance shall equal $500. in
creased by $40 for each 800 of active paw
In excess of 800.
(c) For each additional year of service
above twenty-five the retiring allowance
shall be increased by per cent of the active
pay.
No retiring allowance shall exceed So 600.
Any person who has been for ten years
the wife Of a professor in actual service
may receive during her widowhood one half
of the allowance to which her husband
would have been entitled.
About 200 Applications Received.
Professors who are eligible can apply
through the presidents of the faculties to
Dr. Henry S. Pritchett, 542 9th avenue.
New York. Upon the receipt of the ap-
piication blanks will be forwarded for the
applicant to fill out with the necessary in
formation. When the returns are received
each case Will be considered upon its own
merits. Altogether about 200 applications
nave already been received, but the greater
part of them will have to be rejected be-
cause they come from teachers in public
schools and in other Institutions that are
not up to the standard, or are connected
with UNCONVENTIONAL colleges or in other re-
spects cannot meet the requirements Hum
dreds OF worthy people will be disappointed
and some enterprising genetmen who have
attached themselves to institutions of learn
ing since Mr.. Carnegies benefaction was
announced will find the time limit an OBJ
stacle to their plans Comparatively few
women can be admitted because the num-
Der of colleges for women that reach the
standard is very small and, as a rule, the
faculties in colleges for women are younger
In years and remain in the profession a
shorter time than men. When a man pro-
lessor marries he continues his work When
a woman professor marries she usually re-
tires.
The fund is invested in $4,000 900 8 per
cent bonds of the United States Steel Com
pany. which are deposited in the vault of
safe deposit company here in New York
They are registered In the name of the
treasurer OF the board of trustees and
therefore do not have to be handled Inter
est checks will be sent to him four times a
year by the treasurer Of the Steel Trust,
and 1t is expected that the pension money
will be distributed every month.
Mr.. Carnegie believes that If this fund is
wisely managed 1t will have far-reaching
effect in promoting education; that it will
elevate the standards of our colleges: that
1t will inspire 'the neighborhood college" to
advance its curriculum and improve the
system generally. He believes,
too, that 1t will serve to keep in the pro-
fession many men who are badly needed.
A large number. and some of the most i'm
portant members of the faculties of our
institutions OF learning. leave their desks
and seek other employment in order to pro-