The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-12-22
RUNNING NO RACE
WITH GAR N EGIE
Roc k eff eller Has Not
Increased Total of His
Benefactions.
HIS LATEST GIFT
is EXPLAINED
Ten Million Dollars Given to
Chicago University Comes
From Fund of $780, 900
Formerly Set Apart tor
Education and Is Nota
New Endowment.
Especial to The rimes-pispatot

r.l
New York. December 2f-Frederick
It. Gates, personal adviser of John ID.
| Rockefeller in his benefactions. point
ed out to-day that the transfer of s1O..
100000 from the funds of the general
Education Board to Chicago University
could In no way cripple the activities
of the board. Mr.. Gates also made il
plain that several of Mr.. Rockefeller's
recent gifts to Chicago University the
Rockefeller Institute and to other
| PROPOSES. were not in fact new gifts,
but designations by him of the use
to which a part of the funds In the
hands of the General Education Board
should be put 1t was made equally
plain, however. that there had been no
change of policy, and no impairment of
those resources OF the general board.
which UP to now II could employ
What Mr.. Rockefeller did In the
tirst place" said Mr.. Gates, was to
give the General Education Board $780,
100000. OF this sum he set apart $780,
100000 for the exclusive purposes of
the general board, the income of which
the board could spend at pleasure and
the principal itself could. under certain
prescribed conditions, be distributed by
a two-thirds vote of all inemers OF the
board after due notice had been given
of the meeting at which the matter
| was to come up.
Wanted to Make Sure.
IN regard to the remaining $4,000
600, Mr. Rockefeller expressly stipulat-
ed that he, in his lifetime, and his son
thereafter. should have sole right to
designate its uses, both principal and
income. 1t was Mr.. Rockefeller's pur-
pose all along to administer this fund
himself but life is short and uncertain,
10 ntit IL,
of the general board so that in the
event of the sudden death of both him
self and his son, the money would reach
| the educational ends for. which the
donor had designed it,
! MIR. Gates here pointed out that Mr.
Rockefeller had several times before
availed himself of the privilege OF
distributing the principal of this spe-
ctal S20.00G,000 fund.
Mr. Rockefeller" said the adviser,
has more than once made contribu-
tions of from s2,0o0,0o0 to $i,000.O00
from this fund to the Chicago Univers-
ity and his latest gift of S3.000,000
to S4,0o0,000 to the Rockefeller Insti-
tute for Medical Research was from
this fund. Now, all Mr.. Rockefeller
has done is to inform the university
trustees that he Is going to give them
from what remains OF the fund, $1,000
ooV year Tor Ten years, ana When tnat
is done he is going to quit
BY this explanation Mr.. Gates made
1t plain that Mr. Rockefeller isn't run
ming any race with Mr.. Carnegie in
making great benefactIons. The effect
of Mr.. Gates's explanation. in fact, will
be to reduce the aggregate of Mr..
Rockefeller's known benefactions from
s134,000,oo0 to about s11a.o0o,ooo, as
against Mr.. Carnegie's s1sSo00,ooo,
leaving Mr.. Carnegie s7S,o0o.00o in the
lead of his nearest competitor.
Under Wrong Impression.
Under the. impression that several
of Mr.. Rockefellers recent gifts have
come from sources independent of his
previous designations of income-bear-
ing securities. the newspapers have
been making up their totals of his
contributions by adding in both tho
smaller gifts and the s20,o0o,0o0. which
included them as we'll
Mr.. Gates said that only about ST.
100000 remained of the 100000 900, but
that he had no idea what Mr.. Rookie
feller had in mind to do with 1t.
Mr. Gates corrected the statement
in some papers that Mr.. Rockefeller
ever had promised to give the Chicago
University S25,000,o00 as he has done.
Mr.. Rockefeller never made any
such promise" Mr.. Gates said, and not
unlll lie SlS SHeu tUdL letter 10 81 the <
trustees on December 3 announcing
his final gift, did even his most con.
fldential friends have any idea how
much he expected to designate as his
final contribution, Certainly, the trus-
tees did not know, and IL is doubtful
II Mr.. oRckefeller himself knew until
shortly before he wrote the letter"
Mr., Gates talked very freely about
the criticisms to the effect that Mr..
ID fzI1 n II y I, ,;t,,
his own; that he had employed pro-
fessors he liked, and discharged those
he didn't like. and had throttled free
doom of thought and speech. religious
and otherwise. on the part OF the pro-
fessors. ont one word OF the things
had ever been true, Mr.. Gates said
Merely Honorary Positions.
John p. Rockefeller. Jr., and my
self" he said. have been Mr., Rookie
fellers representative on the Chicago
board of trustees, and we have never
attended more than one meeting OF
the board. | have been a trustee z
twenty years, but have attended but
one meeting in all that time, Then II
happened to be In Chicago when tha
board met. 1t was mere chance, and
so you see that our connection with
the university has been chiefly hons
orary Now, Mr., Rockefeller gives tho
school S10.o000o00, and one would
think that he would ask for several
more representatives on the board. SO
that lie could control 1t, but what does
he do? He wlthdraws the only two
he had,''
Mr. Gates recalled the case OF
professor who WAY forced out of the
university for 'heresy." 1t was alleged.
MANY people, and this ousted pros
fessor in particular said Air. Rookie
Teller, had had this man throw out
FOR personal qualification. know it
to be an absolute fact that Mr., Rookie
feller had never heard of this man ia
his life until after the trustees action
had been taken and the man was OUT
Mr., Cafes also showed how AIR,
,RoekefeIler had found that the unceys