Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-11
TRUSTEES HOLD
ANNUAL SESSION
interests of Catholic University
Under Discussion.
CARDINAL GIBBONS PRESIDES
Financial Statement Shows Large In
crease in Institutions Assets.
BISHOP SPALDING RESIGNS
His Retirement Occasions Expressions
of Regret-Meeting Of Directors
of Indian Missions.

The board of trustees of the Cathohc
JJnivel sity of America met yesterday IN
Caldwell Hall, when a most gratifying day 8
business was transacted. The archplshops
of the United States assembled at the uni
versity again today, where the state of the
Catholic Church in this country is being
discussed.
Those present at yesterdays meeting OF
the trustees were Cardinal Gibbons OF Bal
timore, Archbishop John j. Williams OF
Boston. Archbishop Patrick j. Ryan OF
Philadelphia. Archbishop John Ireland OF
ST Paul. Archbishop John ]. keane OF
Dubuque Archbishop John NJ. Farley OF
New York, Archbishop Sebastian G. Mess
mer of Milwaukee, Archbishop John Joseph
Glennon of St Louis Bishop Camillus P.
Macs of Covngton, Bishop Ignatius F.
Horstmann of Cleveland Bishop Maine"
Harkins of Providence, Monslgnor Dennis
J. O'Connell, rector of the university, anu
Attorney General Bonaparte. all of whom
are trustees of the university. The alb
sentees were Archbishop Patrick w. ~Rlor-
don of San Francisco, who could not make
the trip across the continent JUST now
Archbishop James F.. Quigley of Chicago,
who is in Rome; Bishop Spalding of
Peoria who is an invalid at Hot Springs;
Bishop John s. Foley of Detroit MI
Michael jenkins OF Baltimore, MI. Alciiaei
Cudahy of Chicago and Mr.. John d. Grim
Minis of New York.
Cardinal Presides.
Cardinal Gibbons presided and Bishop
Macs was the secretary of the meeting.
The report of the treasurer, Mr.. Michael
jenkins of Baltimore, presented by
the rector Mr.. jenkins was not able to be
present. but arranged to have his report
u, SEn
financial condition of the university mas
been constantly improving. Mr.. Jenkins
report covered every detail OF the finances
of the university. The general balance
sheet of his report was especially crafty
ing showing. as it does. the condition OF
the assets September 80, 1906. and on
| NJ rch Fl 1907. in comparative tables, and
the growth of these assets since last Sep
| TENDER.
Financial Statement.
| The report on the financial condition
| of the university was follows:
| ASSETS.
| Lands and buildngs-March 81, 1907. $751;
| 967. 10: September 80. 1906. $7S6.6s1.25.
Furniture. apparatus, etc.-March 81, 1907,
sertemser 80 d 1906 9; s ,aee as ssa s. 49,
September 80 1906 sec, 27l.36:
investments 81 1907. 1921 90 Sep
! TENDER 30 1906. s43l 5000.
Waggaman real estate l" a .Ho . 81 1907
Current assets-March 81 1907 s4s,77l. %; Sep
! tember 80 1906 $4s. 546 .06
Deferred assets-March 81, 1907. 4O663;
| September 30, 1906. S12 264. 81. o
! Grand total-March II l9O' s15l2'ooo.4o; sep
TENDER 30 1906. 81, 222,922.31.
The report shows that March ii, 1870,
| the university had over half a million dol
lars, or S515. 1864. invested in gilt-edge
| stocks and bonds. or S91, 20 more in
| vested in these than was shown September
30 1906 March 81 the total assets of the
| university amounted to S2.3l2,6O3.4 As, an in
crease of $50. 6S3.OS since September ~.
! The university on March 81 had $2S,5OO. o3
cash on hand and in bank, or 5000. 40 more
| Than il had in cash on September 80. and in
addition to this there is considerable money
In sight that has not yet actually reached
the university funds.
March 81, 1864 year ago-the university
had invested 1891 las. Is in stocks and bonds,
and on March 81. 1905, the stock and bond
investments amounted to S2l2,ooS.o6 Inc
stock and bond investments at the present
time are therefore twice as great as they
! were two years ago. The total assets of the
university are now S17S,561. SO greater than
! they were two years ago.
The most important announcement re-
specting the personnel of the university was
! the resignation of Ri. Rev. John Lancas-
| ter Spalding, bishop of Peoria, from mem
! bership on the board of trustees. His resig-
! nation was occasioned by i'll health. Several
months ago Bishop Spalding, who is re-
! carded IS one of the ablest prelat s of the
| American branch of the church. was
! stricken with apoplexy. Since then he has
/ been lnNdllO, anu although He IeuldIiS
| bishop of Peoria he is at present at Hot
| Springs endeavoring to conserve and regain
| his strength. The vacancy caused by his
! resignation will not be filled until next fall
Expression of Regret.
The trustees expressed great regret
| over the receipt of the resignation OF
| Bishop Spalding from the board, and it
was decided that in accepting the resigna-
| ton a formal letter regrets should be
| prepared and signed by the trustees to be
delivered to Bishop Spalding.
| Bishop Spalding has been prominently
| identified with the work of the university
| ever since its establishment. The site for
the university was selected in 1880. and in
| 1SS1-iust twenty W rs ago-Pope Leo
! XIII gave the project his approval and the
linstitution was Incorporated, Right ReV
| John T. Keane, form '"ly bishop of Rich
| mond, being made the first rector. In
| November 1899 the school of theology
was opened in Caldwell Ha-.. and it was
largely through the services of Bishop
| Spaldng that Miss Mary Gwendolne
! Caldwell of New York became interested
| in the work of tn, university and con-
| tributed endowments which resulted in the
erection of Caldwell Hall and the estab-
| Ushment of the Shakespeare Caldwell
| chair of dogmatic theology and the Eliza
beth Breckenridge Cald ell chair of phil
| osophy.
| The trustees today elected DR.. George
| Melville Boiling, who is associate professor
! of Greek and Sanskrit, to the position OF
| general secretary of the university, posi-
| ton which has been vacant since 1903,
! when Bishop Conaty was rector OF the IN
stitution. The last general secretary was
| Dr. ID. W. Shea, who is low the professor
| of physics.
DR.. Zahm's Promotion.
! The trustees also elected DR.. Albert Fran
els Zahm who is associate professor
of physics, 10 be full professor of physics
and mechanics. This is III accordance with
the plan to round out the chairs of the uni
versity and is in recognition of the work
| thus far rendered by Dr. Zahm no has
| gained fame through his experiments and
| research work in aerodynamics. DR. Zahm
was greatly interested in the experiments
of the late Prof. Langley of the Smith
sonian Institution in the aeroplane devel-
opment aud is engaged on experiments in
| the science of flight under an appropriation
| from the Carnegie Institution.
| 1t was ANNOUNCED that Mgr. O'ConneIl
| the rector. will soon make a number of
promotions to associate professorships at
the university. The question of the affilia
ton of various colleges and seminaries with