The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-07-12

George Washington University yester-
day sold its main building, at Fifteenth
and H streets northwest. to Samuel W
woodward for S550.O0O. The title will be
transferred October l. I9let
Mr. Woodward has offered the building
to the university at an annual rental OF
S27.5oo. but it is doubtful If this offer will
be accepted.
According TO Chairman A H Snow,
OF the executive committee of the uni
versity. the several educational depart
ments will be continued, despite the sale
OF the main building.
Branches to BE Continued.
The law and medical schools viii be
continued next fall. though in different
quarters from heretofore" said Mr.. snow
last night, 1T has not been decided as
Yet what other branches VIII be re-
tained. The law and medical schools
viii be combined in the one building al
present occupied by the medical school. d
The buildings in I street northwest,
which have been leased for some years,
may also be brought into service this
fall" continued Mr.. Snow. The lease
was given up last month. but there is a
possibility that it may be renewed under
the present conditions"
The sale of the main building is one
thing that the trustees have tried 70
evade. The loss of the quarters would
means the loss of considerable prestige,
the trustees said. and this move has been
averted as long as possible.
Financial Inquiry Stiu On.
What viii be done with the proceeds of
the sale viii not be determined until At
torney General Wickersham has com
pleted his Investigations Of the institu-
tion's finances.
That the members of the board OF
trustees are determined to continue the
university though on a much smaller
scale than heretofore, was the statement
Of Mr Snow last night.
The university will not be discontin-
ued,' he said, in answer to a question.
We will be compelled 10 have smaller
quarters, but the work will go on.
What Mr. Woodward intends to dc
"'Nt- -4-S newly 0NAGAiC CA pAOpeilgH II y Is
not leased by the university, IS not
known. He has been out of town for
some weeks. and his agents were not
ready TO give out a statement last night
The property is encountered by mort
gage, but this is taken over by Mr.
Woodward, according 10 the statement
Of the trustees. The $4,000 from the
sale viii be turned over TO the Univer.
sity treasury after the completion of tht
Attorney Generals investigation.
Mr.. Woodward was a trustee of the uni
yersity until a few months ago. His in.
terest in the university has been main.
tained since the expiration of his term.
Committee Issues Statement.
The action of the executive committe,
in closing the sale Of the property vii
be ratified at the next meeting of tn,
trustees. The official statement OF IN,
committee regarding the sale follows:
The contract for the sale Of the property CT III
George Washington University at the corner O
Fifteenth and H streets closed to-day the it'll
10 be transferred on October l. 1910.
The price was $4,000 net. The purchaser is Mr
5. W. woodward OF this city. His action va
and his desire to aid in the solution Of its fuanca
difficulties.
He IS willing to allow the university 10 occupy tb
buildings at rental equal 10 per cent on the pun
chase price, but il is doubtful whether the universt
VIII be able TO accept this offer, unless, betweei
this time and the first Of October, sufficient fund
are donated for this purpose