Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-04-26
IN GOOD CONDITION.
REPORT or FINANCIAL STATUS,
cATHoIIc UH1v1RsITY.
Provision FOR Six Additional Members
Of Doard-Archbishops IN ses-
mon Today.

The thriving condition OF the Catholic
University of America is announced by
Monsignor O'Conneil. the rector. based upon
the financial report submitted to the board
Of trustees at the annual meeting yester-
day. Never before. It e said, has the uni
versity been In such a healthy and pros
porous condition. The increase In attend
ance through the opening of the undergrad
uate schools and the general increase in the
value of investments has quite Offset the
blow to the university interests caused by
the Wazgaman failure. Mr.. Michael Jen-
kins Of Baltimore. the treasurer. in his re-
port shows cash balance March 81 Of $34,-
80. with all debts paid.
The total assets of the university arc
placed by the treasurers statement at
S. 174 ,6D7. OF which $1.1S4OO0 is represented
In investments outside the grounds of the
institution. Over $4,000 Of this amount.
as explained by the rector, Is represented
by the claim against the Waggaman estate,
from which full returns are not now ex-
pected.
Credit Given Finance Committee.
Mgr. O'Connell gives great credit to the
finance committee, composed of Michael
Jenkins and Charles J. Bonaparte of Balti-
more, Adrian Iselin of New York and E.
Francis Riggs of Washington. for the able
sity.
Collections received up to March 81 from
% out of the 100 dioceses in the United
States amounted to $77,477.47. This fund is
made up of collections taken up in each
Catholic church in the country on one Sun
day during the year.
This manner of securing permanent en-
dowment fund was conceived by Mgr. O. Con-
nell, who was on his way to Rome to lay
it before Pope Leo at the time of the prel-
ate's death. Upon the accession of Pope
Plus Mgr. OConnell preached the subject to
him and received the required authority to
for period of ten years. AS the collections
closely approach 500, 600 annually, it is ex-
pected thereby to raise an endowment fund
in that manner OF 81 .000,000
The board of trustees said Mgr. O'Con-
nell, look forward very confidently to the
time when the endowment plan for the uni
Versity Will be completed"
Matters Under Consideration.
Other important matters which came to
the attention OF the board yesterday were
the resignation of the vice rector and the
increase Of the board membership.
The resignation of Rev. DR.. Charles p.
Grammar, who has been not only vice rec
tor. but the general secretary. was accept
ed. as it was found that the duties devolv-
ing upon him in the vice rectorship as well
as that of professor of Scripture were too
onerous. DR.. Grammar received his de-
grees at the propaganda of Rome in 1874
and 1880. He was professor of Sacred
Scripture and dogmatic theology in Mount
st. Mary's College. 1SS1-S9, of which insti-
tuition he became president in 1883 After
his term in that capacity he was professor
of homelitics at st. Mary's until he came
to the Catholic University.
DR.. Grannan's many duties at Caldwell
Hall in the faculty of theology have, 1t is
stated. made his general university duties
very exacting.
The board of trustees will be increased in
number. 1t consists at present of the car
dinal. archbishop of Baltimore, as presi-
dent and the archbishops of Boston, Phila-
delphia, St. Paul, San Francisco, Dubuque
and New York. and the bishops of Peoria,
Covington. Detroit, Cleveland and Provt-
dence. with the rector and three lay MEM
bers.
Six New Members.
The idea is to permit of greater represen-
tatiOn upon the board and the bylaws
were changed to admit of the appointment
Of six new ecclesiastical members. With the
board are associated at present ex-officio all
the archbishops of the United States as an
advisory board, but 1t is now deemed wise
to increase the actual board both in number
Of ecclesiastical and lay members.
The ecclesiastical appointees were named
yesterday, but only two were announced
the names of the others being withheld until
they have been officially notified of their
appointments. Archbishop Messmer of Mil
waukee and Archbishop Glennon of st.
Louis present for the meeting of the arch
bishops board today. were notified and at
tended the afternoon session of the board of
trustees.
Interest attaches to these last two ap-
pointments, as the archbishop of Mil
waukee was at one time an instructor in
the university, and the archbishop of ST
Louis enjoys the distinction of being the
youngest prelate Of the rank in the United
States
The increase of the number of lay repre-
sentatives will be matter of immediate
attention on the part of the board, the
general purpose being to increase the gem
eral interest in the affairs Of the university
In the matter of the reorganization of
the faculty Mgr. OConnell stated that all
that had been done was to put in definite
shape those departments that little by lit
tie had been growing up in the university.
and giving to each its definite and proper
university character Nothing of a sweep
ing nature, he asserted, was contemplated
or desired.