The Washington herald., 1910-04-23

A big stir was caused in educa-
.tional circles yesterday over a state
.ment made by DR.. Phillips, former
dean Of the medical school Of
George Washington University,
that the Corcoran endowment fund
Of 100000 Of that institution had
been dissipated by officers Of the
university.
Dr. Phillips charged that the fund is
represented only by promissory note OF
$4,000. given by Charles W. Needham.
the president of the university. an edu-
Gator Of national Importance, in return
for money borrowed from the university.
the security for which is President Need
hams residence. which DIT. Phillips de-
clared is not worth more than $500.
These disclosures were made al a hear
/ ing before the House Committee on the
( District Of Columbia. which is considering
I a resolution calling upon the Attorney
/ General 10 make an inquiry into the
finances Of the university
Two Statements Conflict.
/ Later in the evening President Nead-
ham gave out an interview. In which he
T said that no notice whatever had been
given the university that any hearing
was 70 be had. although Il was stated az
/ the committee room that notice had been
sent out 70 the other parties several days
in advance.
The clerk. IN giving notice to-the uni
versity Office said It vEs an oversgst
in not G-GfyinC the university
President NceJham further said.
The facts as given IN the rovsr1re-s tcsiiss hel-g
misleading are sd detached as o. make i- --f---c
! 20 reply to them through the public r-ess. F--
many years the university has published annually
/ t1I statement ~ all it- financial Affairs.
/ Tie charges made Yesterday have already reru
fully answered before che Committee on Asrl-.rars
Of tle Senate and Che House and ere IN rrur. o.
VIII ra a5 son as yEc u --e committee has corr
Teted the printing ~ IFS hearing. In that ~e0---
there is fuIl statement q the financial e1alti1u
cf the university together with che history e the
tCr--Ta1 endowment fund. This settlement was
authorized bv The trustees as Oh 09-L statement
90 De fled with the House committee.
The House committee. after f.r public hearing.
mauzly reported iG fav0- 0f the designation ~ rls
Ge.rse Washington University the administrator
~ tle Morrill, fund fer the benefit q The District
for three years.
The ClrcCrau fund was completed N -s-5 ard
consisted Cf lard donated hy Mr. C5rc--a- while 10
was president q che beard %. trustees. TIE COY
>1ran eft vas condition that subscriptions ACRE
eating $4,000 cf which S55OD should b. raid in
and other Subscriptions were made with The under
standing THAI Ai-. CCrc0-a0 would make a -if- n
land which was then estimated 40 a sum consider
ably more than the $500 that was realized.
4 Added $4,000 10 sum.
NJ. Cc--oran added SIS 90 q, this sum in money.
and ry popular slbsCrir-iru about S-eOo more
was realized IN cash. as appeared rv The rec--d q
-le fund There were some additional collections
which raised the total fund tp about $1,000 In
Ar sCorroran's SIT h- stated that 70 was ro aid
I'M tp permanent endowment n the c7,l5gc and u.s.
elevation % the dignity and usefulness Ct a u-i-
vcrslty. A. that time tle university name was
changed bv an act NJ Congress irlm Columbian Col
lCEe 20 Columbian University.
During Mr.. C1r~C-ar's he. and while De was
president e tie board proposition vas considered
% put a part Ci The money into a building and
$1,000 was used fer the equipment q laboratory