Daily Kennebec journal., 1910-12-21

! ieiief mas completed the task he set
Tor himself in the founding Of the
| University of Chicago. To-day public
announcement was made of d Single
and final gift OF $4,000. 900 which in
Guided all the contributions that Mr..
Rockefeller had planned to make to
the universities This sum, which is
to be paid in 10 annual installments
| beginning Jan. /, will make total
OF approximately $35. 900 900 that Mr..
Rockefeller has donated to the uni
vcrsi,y.
| Mr.. Rockefeller saya he now be-
lleVes the school should be suppul ted
and enlarged by the gifts OF many
rather than those OF a single doncr.
This he believes will be better accom-
pliShed if the public understands the
| limit of his contemplated assistance.
The founding Of new departments he
| leaves to the trustees. as he says
| funds may Ge furnished by other
friends of the university.
| Up to tie present time the sum OF
nearly $1,o00,000 has been donated to
| the university in addition to Mr.
Rockefellcr's gifts
With the announcement of Mr. Rock
efellers final donation came the resg-
nation of john ID. Rockefeller. Jr
and Fred T. Gates, Mr.. Rockefellrr'a
! personal representatives, from the uni
vcrsity board IF trustees.
| In enclosing these designations. Mr..
| Rockefeller explained that he was
| only carrying cut Il conviction that
| the institution should be "Controllc1,
| conducted and supported by the peo
| pie with whom, up to date, he had
been simply cooperating.
Mr.. Rockefeller's ideas as IT. is, i;
! that he is turning over the institution
and its endowment to Chicago ana
| the West and in so doing WithdraWs
| from any further representation. IN
| its control.
The official announcement of the
benefaction was made at the quarter
| iy convocation at the university this
| afternoon. President Martin \. I,N-
erson of the board of trustees, read .
| letter from Mr.. Rockefeller viii III
bore date of Dee. -, and was al
dressed to the president and trustees
of the University OF Chicago Mr.
| Rockefellers letter follows:
New York Dec. IL, 1910.
| the University of Chicago;
Dear SrS;
Il have this day caused to be set
aside for the University Of Chicago
from the funds of the General Educa~
ton Board, which are subject to my
disposition, income bearing securities
of the present market value of APP
proxiluately $10,hoo.o0o, the same to be
delivered to the university in 10 eu'iat
annual instalments beginning. Jan. l.
1911. each installinent to bear income
| to the university from he date OF Sllch
delivery only. In a separate letter vt
even date my wishes regarding the
| investment and uses Of the fund are
more specifically expressed.
1T is far better that the university
| be supported and enlarged by the SlitS
| of many than by those of single d"h-
| or. This | have recognized from the
beginning and, accordingly nave
sought to assist you in cnlisting the IN
| terest and securing the contributions
| of many others at times by making
my own gifts conditional on the gifts
of others, and at times by aiding you
| by means of unconditional gifts to
make the university as widely useful.
worthy and attractive as possible. Most
| heartily do / recognize and rejoice IN
the generous response of the citizens
| of Chicago and the West
Their contributions to the resources
of the university have been, | DeiicNe
more than $7.000.000. 1t might perhaps
be difficult to find parallel to gen
erosity SO large and so widely diS-
| tributed as this. exercised in Dehail OF
an institution so recently founded
desire to express my appreciation also
| of the extraordinary wisdom ana fucli-
~ which YOU as president and trustees,
have shown in conducting the affairs
of the university.
| "In the multitude of students 50
quickly gathered. in the high charac'el
of the institution in the variety ana
extent of original research IN the Vaiu-
able contributions to human KNOWLEDGE
in the uplifting influence of the uni
versity as whole upon educatloi'
throughout the West, my highest hopes
have been far exceeded. 1t is these
considerations with others that move
me to sum up in a single and flnal y
d;stributing its payment over a period
of MANY years to come. such lurthet
concentrations as | have purposed To
| make to the university
"The sum now give IS in.ehueu -
make provision, with such sii's DO ''.a
reasonably be expected from othe.s ~,
such added buildings, equlpnieht a.lu
endowment as the department .nus la'
established will need Thls eiit coin
nletes the task which ! nave SET oe.ol
myself. The founding ana suppoIt -.
new departments or the oeVe,opl'ien'
of the varied and alluring hela oi ap
plied science. including meoielne'
leave to the wisdom of the trustees a
funds may be furnished for tnese pu,