The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-06-22

amouRt of productive Investments by no
meana COrTesponded 10 the nominal amount
OF che various funds Witch had been placed
IN the hands Of the treasurer The total
difference between the funds and prOduc-
tive Investments was by the smallest COM
putatiOn over a million dOllaru IN the
balance sheet for Iuiy n, 1905. We and ad-
vances to income as15. Ooi IS, advances for
land. huildinEa and permanent equipment
Go7. 5laOa nesides these advances another
sourc OF impairment Of the funds, or NJ
any rate Of the inC0ms from the funds. was
our investment In unprOductiye real estate
Sone Of this had cOme 10 ~ o. security for
mortgages whirh had had 10 BE- forerlossd -
usually In eonnect lon with requests aC-
repied hy tho university In times past 81
the face value n the notes held In the estate
Of the decreased. without adequate criticism
~ the security behind them others we're
due 20 purchases Of unimpraved or made
Quaiely improved real estate for future
Use OF the university The contributions
20 the university sadoWmsnt and extension
] fund enabled No. In two years 70 eKtlnEuish
on the advances 10 Income aud al the other
advances except those for dormliOriea.
which may fairly be regarded a. q pro-
duciiye investment. The item Of unprO-
ductive real estate vas meantime reduced
from $500 600 TO $500
After referring 20 acquisition Of land
Tor university purposes President hadley
| alluded 60 the off Of esd, $50 from Mrs
Russcsl Sage for the purchase Of the
Hillhnuse properly. north Of the univer-
sity campus, and added
The southwestern section % this property
fWih be used for university laboTito and
the frat Of these Laboratories Will be that OF
physics. The material Of this laboratory
and the main mat srial In other buildings
In this group will be I.Ongmeadow brown
stone
NEW LABORATORY.
We shall proceed a. soon a. possible 10
build = university laboratory In 1OolOgy.
We have had a. yea no specific aft for this
purpose. but Il represents 70 vital q neces-
aity 10 the university that IN case no aft
h fOTthcOming the corporation will feel IT,
self iustihed IN departing from ts usual
policy and spending productive funds for
building purposes.
The reasons for this are two In number.
In the first place we need mems and facili-
ties for laboratory instruction In biology.
ami We do not have them. We are not only
behind other universities In this respect
hut We are oehind the majority OF good
colleges The absence 81 facilities 10 teach
tooioay BY modern methods 10 probably
the most Elaring detciency In Vale to-day.
most graiifyins Incident Of the develop
ment Of Tits plan has been the cooperation
between the Yale Corporation and the board
Of trustees Of the sheffield srientiHc school.
There has been some misunderstanding
noe Utiy on tne par ~ the Iuou' Ou, even
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