New-York tribune., 1910-12-19
N. u. NEEDS S10,OO0,0DO
Or. MacCracken, Acting Chan.
celIor, Explains Conditions.
ENDOWMENT INCOME $50, 900
Other Universities Have Ten
Times as Much, He Says
Great Opportunities.

| New York University was assailed las
! week for what many called an 'unwiss
and extravagant" appeal for 10000 900
The brunt Of this attack was directed
against DR.. John Henry MacCracken, act
ing chancellor. who. In the annual repor,
OF the university, published week ago
| said the imperative needs Of the institution
were internal reform In the system Of In
struction and $1OOOo,0OO
The opponents OF the s10,0o0,o00 endow-
u,Het were not SO much Inclined to doub,
the ultimate need OF sum so large az
they were Of the opportunities afforded
New York University for the utilization
of 1t.
DR.. MacCracken did not retract his ap-
peal for the big sum yesterday. He justi-
fed his appeal for 100000 purely on the
ground of present nee0s. He said the
annual budget Of the university for ordi-
nary operating expenses OF the various
schools was, In round numbers. $35. 0OO
with constant tendency to increase as the
university grew and the cost of living
mounted.
Toward the expense Of this budget the
university had only about $4,000 income
from permanent funds. This income from
endowment was altogether inadequate for
the work the university was doing, DR..
MacCracken said. adding that Yale, Co.
luYnb!a and Harvard each had more than
ten times as much income from endow-
ments. while the University OF Pennsyl-
vania and Cornell had each more than
seven times this income Amherst, Wes-
leyan, Williams, Dartmouth. all enjoyed a
larger annual revenue from permanen.
funds
Speaking of the present opportunity OF
New York University, he said: ANY one
who the throngs of eager students a;
the opening of any Of our university
schools this fall must have been impressed
by the great opportunity, not at our doors
but within our very walls.
The university needs to-day the annua
interest on s5,00O.000 for the work alread,
in operation. divided, $1,000 900 each t
the college, the School Of Applied Science
the Graduate School and the Medica
School; 100000 for the School of Peda
Scgy, and 100000 for the School OF Com
lnerce.
Besides these amounts for endowment
the existing work needs 100000 for tn,
building and endowment OF d hospital
which should be permanently and directl,
Under the control OF the Medical College
1t needs s1,000,0o0 for an engineering
building, another dormitory a permanen
gymna stun, and another recitation hall a
University Heights.
"It needs s500,0O0 to provide endowment
for the purchase of books for the library
100000 for recitation building and dor
rlitory for the School Of Commerce, $500,
600 for the proper organization of the worl
of the summer school, collegiate division
extra-mural division, and 100000 for tn.
work OF the Veterinary College, to sa!
nothing Of the many large claims for worl
along new lines, national and international
approved by the university, but not at
tempted for lack of means
DR.. MacCracken's position is supported
unanimously by the senate of the univer
sity, composed of the deans and senior
professors OF the various schools for th,
determine ton Of university policy.
To the argument advanced last weel
by both Columbia and New York Uni
| versity alumni for the consolidation of the
two universities, on the ground of economy
Of operation, DIR. MacCracken said:
with every increase in the length Of the
administrative chain provision must be
made not only for the work 1t performs
but for the strain Of its own increased
weight It has yet to be shown that ten
thousand students are taught more ef-
ficiently or more cheaply In one institution
than in two