The daily morning journal and courier., 1907-06-27
PRESIDENT H4D1EH's REPORT


 graduates. Primarily for their edif1- cation and instruction 1t nevertheless comes to the residents of New Haven as report from one of their own de- partments of local life. There are various opinions held here as to the relationship of the town to the gown, but there can be no difference of opin- ion as to the size and importance of Yale University as an asset of New Haven. For that reason the official statement of it's condition and justifi- cation for future growth should be read with care.
 Naturally the financial condition of the University is what excites the greatest interest, for even institutions of learning have to have money to meet their expenses. A University | building is not an immune in the mat ter of repairs, and the item for wear and tear is no mean one. Even uni lversity officials and instructors have to eat and wear clothes and have a roof over their heads. It Is true that | it escapes taxation but the alternative | of taxing it would be to hopelessly weaken its efficiency and usefulness. During the last year the endowment funds of the institution were increased | by 8 handsome amount but three million dollar fund is of comparatively little consequence. To get out of the 1 woods and stay out of the woods of times that amount is necessary. If Yale is to be judged by the amount of property she owns and uses she must be adjudged rich. If she is to be judged by the income which she re- ceives from 1t and from other sources i she must be adjudged poor and actu- ally dependent upon the generosity of friends and graduates. If, for exam pie, the graduates should suddenly cease from their grateful and volun- tary offerings made annually Yales situation would be alarming. There is reason this year for being thankful that the Yale treasury Is fuller than it was year ago but 1t will be a much better condition of things next year if the fund is found to be twice as large.
 1 The new attitude of Yale towards the professional schools and that sug- gested as pertinent in the case of the Divinity School is of the highest im- portance. The University with a su- perb indifference to numbers deiber- ately brides itself upon the new policy of as soon as feasible requiring of candidates for degrees in the Medi- cal and Law Schools the presentation of their diplomas earned in a regular course in the arts and sciences as proof of their fitness for further work in preparation. As President 1 Hadley said in his report of the Medi- cal School: If we are to have a Medi- cal School at all, it must be a good
 one. It is far better for us % have
 twenty men who are capable of appre- ctatire their opportunities than a0G men who arc not" When that sounl phil osor'hy has been applied to the Medical and l aw Schools for sufficient num- Der Of years to prove its s5undness, it viii be found that a diploma from either of them represents an ascertain
 cd efficiency which means at oncs an 1 honorable and lucrative positiST -ifs~the profession concerned. If that will not attract the attention and provoke the i enthusiasm of aspiring doctors and lawyers it may well be que,.ioned if they arc serious in their iEtentions arl | if they ought to be graduated from any 1 professional school in the country. At any rate Yale of all Anne ':eau institu- tlons of learning ought to be he last to Iurn out professional men indiscrin1. inatelv Tie same reasoning hGs Is goea 1 in the case of the Divinity School. As President Hadley says: The sharp st paration between the ministers and other oalirgs is a thing of tho past" He would have the candidat,s f5r de- gree there gay their way as other stud ents for degree do, except where more fortunate students prove their fitness to take advantage of the scholarship funds. Why ministers should be Wiling to be the beneflcsries of this sort of charity is hard to understanl and Yale vii dc well if she assists thea to abandon a false philosophy so far as She possesses the power.
 Pre,'deIt Hadley's treatment of :le college and Scientific school is master ly. It exposes the generally false ro-