New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-08-07

Ia oo,,a,inc- tte Dropertv to the trustees
Mr. Rankeu safeguarded his personal con-
troll OF the estate in the following language
Having devoted myself for many years 10
the accumulation and management OF tie
rronartv herein or hereafter to be con-
viewed and being unwilling to leave myself
without occupation, 1 hereby reserve 10
myself during my life. or until / shan vol
unfairly relinquish il. the management OF
said property
David Ranken II. was born iii Boystown,
County Londonderry, Ireland, on october .
1885, and although nearly seventy-hve years
Old speaks of himself as young man ana
says he expects to spend many years as
financial guide of his school. He was edu-
Gated at Belfast, Ireland, came TO st Louis
in 1862 and has resided here ever since lie
is d of striking personality. tall ana
straight. vigorous of body and mind and
SAYS he has never had Il sick day In his
life. He carries a cheap walking stick,
rather from habit than necessity. and
spends several hours each DAY walking
about the downtown streets from bank to
bank looking for opportunities 70 turn an
honest penny His munfcent benefactions
prove him to be 40 miser. but he has never
/ been known to spend a dollar unnecessarily
except for philanthropy.
/ He thinks the allowance of s5Oo9 a year
Will be amply sufficient TO provide him with
, ali he desires in the way OF comforts and
! luXuries and expects To have margin to
/ lay up for a rainy day. His manner OF
! living has always been most frugal The
three rooms ne occupies at 18th street and
! Washington avenue and his office in the
! Wainwright building are severely plain in
Oi.nir no ms 70
known to employ a stenosra2her or to
maintain 4 telephone in his office.
| The men who constitute the board OF
| trustees. and who under IS guidance will
manage the school and direct the future
| investment of the S3.0O0.0c ndowment. are
l.. D Dozler. Rola Wells. Walker Hill.
/ Frederick Eiseman. Julius Pi5zman. John
! f. Lee and L. II. Bacon.
| Mr.. Ranken is q Presbyterian OF the
/ Scotch type, and Democrat in politics.
! lie is unmarried, and made his entire fort
uEe in ST. Louis through real estate and
! stock transactions. RE is pronounced by
one of St. Louis's most successful business
| men as "one OF the most sagacious bushes,
men l ever knew He apparently always
i knows when to buy and When to sell at a
profit
: The Ranken trades school was established
! by Mr. Rankea about a year ago with
{, $4,000 endowment. He stated his opinion,
at the time OF this benefactiop that The
average college or classical education
proved a burden rather than a benefit
The Ranken school building Is a plain
| three story brick. at the northwest corner
of Cook and Newstead avenues II has had
seventy-five students during the nreseu,
term. Professor Lewis GuStafson. formerly
or the Lewis Institute. of CHICAGO il t,s
superintendent II has six instructors IN
mechanical trades. Students pay only Sn
payable IN $40 instalments. These easy
terms we're made by Mr. Ranken
f"'iownS the recent transfer of almost
ms ehure property To the school. the trus
tees announced that all its departments
would be enlarged and a LARGE corns 81
additional instructors would he eD,,io,.,,