The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1908-09-10
Villas SPLENDID
30 STATE
WILL BEQUEATHES FUND TO UNI
VERSITY WHICH IN TIME WILL
AMOUNT TO $40, 100000.
TO PENSION PROFESSORS.
Ten New Chairs to Be Established with
Salaries Ranging from $4,000
to $4,000 Per Year.
SCHOLARSHIPS PROVIDED FOR.

MADISON, Wis, Sept. 7.-ISpecial.]
The will of the late Col William F.
Villas, admitted to probate Saturday
creates trust estate which will eventu-
! ate in the establishment of fund of
S3O,WU,OOO for the University of Wis
consin The death of Mrs. Villas must
intervene before the university begins
to enjoy any of the income provided for,
and it may be 100 years before the full
S3O,OOOOOO are accumulated. But the
bequest of the former senator will have
an immediate beneficial erect upon the
university, for one of the principal pro-
visions in the will is the establishment
of the trust fund for ten professorships
at salaries ranging from $1,000 to S1O,-
1 900 per year with a $500 annual pen
sion after the incumbent has served in a
Villas professorship fifteen years.
May Enjoy Income at Once.
The effect that this provision of the
will will have upon the university will
be To attract to the faculty men of prom
lnenCe III the educational world who will
feel that at Wisconsin they will be ade-
quately compensated for the services
which they may render.
It is estimated that the university viii
Immediately come into the enjoyment of
an income of about 100000, although
that rests entirely upon the wishes of
Mrs. Villas. According to the provisions
of the will the widow may, during her
lifetime. dispose of the income as she
sees tit. without any limitations, but it
is understood TO have been the wish of
Col. Villas and also that it is the wish
of Mrs. Villas that the university begin
to enjoy the bencfaction Immediately.
Children Provided for.
Mrs. Mary Esther Villas Hanks, a
daughter. is given $4,000 during her
lifetime and 100000 is set aside for each
of her two children. When these be-
quests have been paid half the net in
come from the estate is to go to the uni
vrrsrty and half is 10 20 10 augment the
principal. When the principal has
reached $4,000, 900. three-f ourhts of the
net income will go to the university, the
remaining fourth being added to the
principal, until the completed fund of
S3O,UO.OOO is reached.
Negroes Are Remembered
Ten scholarships of 500 year for
worthy underestimate students, and ten
fellowships of $500 a year are provided
for as soon as the money becomes avail
able for use by the university. These
fellowShips may be adjusted so that not
more than five of them will provide for
$500 per year for travelling purposes.
In the clause establishing ten profess
Sorships at salaries ranging from 5000
to $4,000 per year, it is expressly pro-
yided that the men occupying these
chairs shall carry on research work,
and adequate provision is made for spe-
cal expenses. When the ten professor
ships have been provided for it is or
dered that fifty more undergraduate
scholarships of 500 IA year shall be cs-
tabished and after that fifty more fell
4, ,,.S-
The will provides that for ut least one
fifth of the scholarships and fellOwships
the regents shall give preference to stu
dents of negro blood if ans present
themselves.
After all the provisions of the will
have been complied with. if funds war
rant it, moro professorships for the ad-
vancement Of knowledge may be estab-
liShe-l.
The regents are to hive control of all
appointments of scholars, fellows and
professors.