Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1910-09-15
AUCUSTANA HAS
NEARLY MILLION
Report Shows Assets of Local
College Have Reached
$e4e, 226.
CHURCH FEE BIG ITEM
Rock Island Leads in Contributions
in Tri-Cities to the Endowment
Fund of Institution.

According to an official report just
issued, the resources of Augustana
college now total $949,226, apportioned
as follows:
Endowment Funds-Jubilee endow-
ment fund. s25O.OO0; DR.. Hasselquist
fund, $1S,220; Professor Esbjorn fund,
s14.S77 Oscar II. fund, $4,000; Chris
tianity fund. 1854; mechanical engin-
eering fund, $1,494. Total, s321,465.
Raised by neutrality-suspicious. En-
dowment fund society, $5,697; Mechan-
ical Engineering Fund society, s2,514.
Total, $s,211.
Experimentation farm, Kansas,
$4,000; Paxton farm, Illinois (sold)
$4,000; Kansas City property, $1,250;
Ladsdale farm, Iowa, $4,000. Total,
$61,750
holarships-Thorstenbe scholar
ship. $1,000; Mrs. N. Forsander schol-
arship. Total, $780, Senator Eric
sons bequest, $4,000; estimated value
of Augustana synod annual % cent
226
Tri-Cities Contribute S44,699.75,
The tri-cities contributed $44,699.75
to the jubilee endowment fund of
$250,00O raised by Augustana college,
according to figures just given out.
This is almost $4,000 more than the
college hoped to raise at home, the
apportionment of the three cities be
ing $4,000. The amounts contributed
by the three cities we're as follows:
Rock Island 20,2S5.O0
Davenport Observation-Disclosures. 1,15S.O0
The jubilee endowment fund cam.
paign met with extraordinary success
and, although all the figures are not
yet computed, it is believed that the
fund will be closer to S275,000 than
S250.000 when the sum is completed.
OF this amount, $163. 900 has been paid
in cash. The college treasury has re-
ceived $4,000, the Iowa conference
has collected it's entire quota of S40-
600, and the Nebraska conference has
it's share of $4,000 on deposit in an
Omaha bank.
With the raising of the jubilee en-
dowment fund, Augustana has almost
q million dollars in assets. Half of
this sum is made up of various en-
dowment funds. properties donated to
the college and scholarships. In round
figures the total of these resources
is placed at $450,000
This is not the greatest asset of the
institution. There is one other source
of revenue which is the most valuable
the college possesses-the % cent an
nual fee paid by members of Angus
tana synod. Last year this fee brought
in a total of $24,475 Figured at per
cent interest this source of income Is
equivalent to an endowment fund of
almost half a million dollars. This
gives Augustana college at the outset
of its 51st year a total source of rev.
enue of almost million dollars.
Senator Ericsson Left $4,000.
Senator Ericsson left the college
when he died month ago $4,000 in
farming property in Iowa and $4,000
in cash. The college must raise a
similar amount, however, before it can
claim the $4,000 in property.
Two scholarships have been estab-
lished at the college, one by Samuel
Thorstenberg, and the other by DR..
N. Forsander, the latter in memory OF
his wife These two funds total 81 800
Finally the college is to be made the
beneficiary of two additional endow.
ment funds which are being raised by
organizations in the two cities. The
Augustana College Endowment Fund
society has raised to date IS ,697, while
the Augustana Mechanical Engineer
ing Fund society of Moline has gather
ed $2,514. When sufficient money has
been collected to establish professor
ships, these funds will be turned over
to the college.