New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1907-02-13
]. D. ROCKEFELLER
GIVES $32,0OO,0 900.
IMMENSE DONATION is MADE BY
HIM TO THE GENERAL EDU-
CATION BOARD.
Largest in All History-Announce
ment BY Oil Kings Son Surprises
the Members-Their Letter of APP
probation and Thanks.


probation and Thanks.
New York, Feb. 8.-Thirty-two mil
lions of dollars worth of income-bear
ing securities was the gift which John
d. Rockefeller, through his son John
d. Rockefeller, Jr., announced to the
general education board when it as
sembled for a special meeting in this
city late Thursday afternoon.
For general education purposes
throughout the country, is given as
the purpose of this donation-the
for such purposes.
Mr.. Rockefeller previously had Civ
en- the board $11,00O,OOO for the same
work, his contributions now amount
ing to $43,00O,OOO.
Simply Announced by Son.
The general education board appar-
emily was not prepared for this gift,
which was announced simply in this
letter:
New York, Feb. 6, 1907. General
Education Board, 81 William street,
New York city.-Gentlemen: My IA
Their authorizes me to say that on or
before April 1, 1907, he will give to
the general board income-bearing Sc
curities the present market value of
which is about thirty-two million dol
lars, ($32,000,000) one-third to be add
ed to the permanent endowment Of
tho hoa r6. two-thirdc tn no opn1iod RI
such specific objects within the cor
pOrate purposes of the board, as
either he or I may from time to time
direct, and remainder not so desig-
mated at the death of the survivor to
be added also to the permanent en-
dowment of the board. Very truly,
John D. Rockefeller, Jr.''
Most of the members of the board
were surprised at the announcement,
| and amazed at the size of the gift. DR..
Buttrick, the secretary, said he did
not know the gift was to be made I'M
til he received the letter.
Boards Letter of Thanks.
The board voted to accept the gift,
and, in appreciation, drafted a letter
to the elder Mr.. Rockefeller in part
as follows:
"This is the largest sum ever given
by man in the history of the race
for any social, or philanthropic pur
poses. The board congratulates you
upon the high and wise impulse which
has moved you to this deed, and de-
sires to thank you, in behalf of all ed
ucational interests whose develop
ments it will advance, in behalf of our
country, whose civilization for all
time it should be made to strengthen
and elevate, and in behalf of mankind
everywhere in whose interests it has
been given, and for whose use it is
dedicated.
Feels the Responsibility.
''The administration of this fund en-
tails upon the general education board
the most far-reaching responsibilities
ever placed upon any educational Or
ganization in the world. AS members
of the board we accept this RESPONSE
bility, conscious alike of it's difficulties,
and it's opportunities. We will use our
best wisdom to transmute your gift
into intellectual and moral power,
counting it a supreme privilege to
dedicate whatever strength we have
to it's just use in the service of men.
Very respectfully yours, Frederick T.
Gates, chairman; George Foster Pea
| body, treasurer; DR.. Wallace Buttrick,
secretary; Robert C. Ogden, J. D.
| Rockefeller, Jr., Albert Shaw, Starr r.
| Murphy, Edward A. Alderman, Harry
! Pratt Judson''
The absent members of the board,
| whose names were affixed to the letter
| TO Mr.. Rockefeller by their associates,
were: b. Benjamin Andrews, Hollis
| r. Frissell, Daniel c.. Gilman, Hugh
| H. Hanna, Morris K. Jesup, Walter H.
Page.
A copy Of this letter will be en-
| crossed on parchment and sent to
| each member Of the board for his au-
| tograph signature, and will then be
formally presented to Mr.. Rockefeller
While the board was in session
Thursday gifts to five colleges were
| ordered, amounting in all to 100000
as follows: Beloit college, Beloit,
| Wis; Morningside college, Sioux City,
| Ia; Lafayette college, Easton, Pa,
| $4,000 each. Wabash college, Craw-
louisville, Ind, and the University of
Wooster Wooster, O.. each $125, 900.
| MANGLED BY INTERNAL MACHINE