The Washington times., 1910-12-08
WiCkerSham Shows $780,
600 Used of Universitys
Funds.

Complete exoneraticn Of former Presi-
dent Charles w Needham, Of George
Washington University, Of any blame
for the expenditures made by the uni
versity during his administration, and
the announcement that more than
$4,000 has been used Of the various
prize and endowment funds intended
for scholarships and the like, are thc
principal features Of the report Just
made public by Attorney General Wick
ershan as 70 the financial status Of the
university
With regard to the responsibility for
the expenditures made or the use of
any Of the money intrusted TO the uni
versity, Nelson B. Keyser, expert bank
accountant, who was employed to draw
Up the report Of the financial standing
OF the university, says IN part
There IS no evidence Of any snort
age IN any Of the accounts with the ex-
cepuOn Of the Martin embeZziement- All
expenditures have the authority Of the
board Of trustees, and 70 one person
appears 70 be responsible for any Of
them"
Indicaes Investigation.
This is taken 70 mean that Mr.. Keyser'
was instructed to make a complete and
thorough investigation with a view to
discOving whether any person in par
In transmitting his report. which COW
ers nearly 900 pages. TO the District Com
mittee OF the House, the Attorney Gen
eral has written personal deter 10
Speaker Cannon, which is understood 10
De little more than a personal letter OF
transmission. and 10 contain few rec
COMMUNICATIONS IS 70 the future Of the
institution or its method Of govern
ment.
Mr.. Keyser's report is the outcome Of
q Arr-
session providing fo- a complete in
VestigatiOn into the financial standing
OF the institution, and that a list Of an
the salaries, expense accounts and 9th
er like items for the last ten years BE-
appended TO the same This has been
done, and the major part Of the report
Is taken up with these same items
History and Conditions.
The report comprises the following
/ a report. dated August. 1910. Civ
ing history and financial conditions. of
the university.
. Final report, dated November, 1910.
giving financial rating TO date and
containing following data
ta) Statements Of assets and liabiii-
ueS OF university. exclusive Of endovv-
ments and trust funds
fb) Statement Of assets and Liabilities
OF the endowment and trust funds. and
liabilities of the general fund 10 the
endowment and other trust funds.
iatlOn 20 endowment and trust funds
and statements concerning receipts,
expenditures and assets Of university /
and recent acts Of board of trustees n
0isentangling its affairs
(d) Copy Of deed Of trust on university
building on II street, between Four-
teeRth and Fifteenth streets, which he
has executed and recorded
Various Expenditures.
The detailed expenditures from each
OF these. separate accounts is as fol-
lows
Congressional professorship fundS63 50 g
POindeZter endowment fund y $3.50
$4,000 endowment fund----------.- Z6 SCI As
Elton prOfessOrship funl-----.--- s,sI5g5
6yulS legacy ----------------------- 5000
Wilmington scholarship fund I.572 %
Walker scholarship fund.-. 25e0 %
MOrehOuse scholarship fund-..-.-1 so a.
Kendall scholarship fund.-. II=a %
Davis scholarship fund----------- 1.G1qG0
Esrnhan scholarship fund --...-. ns0 ~
n NJ Carter scholarship fund loo %
Powell scholarship fUnd-..---.--- . % ~
Mary Lowell stone SCh'Tp fund o--5 .
StauEhtOn and Elton prize fund 500o0
Ruggles prize fund------------- 5na ~
Fitch prize fund nd------.-.-...--.. ! T7V q
Cutter prize fund nd-------------- z a
Walsh prize fund--.---.... ....., 1qS =
OrdronaUx prize fund---.---..- q2a m
Alumni Hall prize fund-.-.-.- ( rs n
COTcoran endowment fund and
building site and enlargement