The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-09-29
NY. U. BURNS ITS BOEDOF DEBT
CEREMONY To MARK THE OPEN
ING or TINE UNIVERSITY.
Chancellor MaeCraekea's son Reviews
the work IIis Father Dld and Thea
Gives students sSOO. OOO ObIIE atIOn.
cancelled by the kennedy Request.

Cancelled by the kennedy Request
The undergraduates Of New York
University heard Dr John Henry Mac
Cracken. the acting chancellor. explain
TO them AZ the opening exercises yester-
day that the recent gift OF the late John
: Kennedy had enabled the institution
TO free itself from debt And then those
same students had the satisfaction Of
taking the university's bond for t5OO 90
out onto the campus and bu lding a bon
fire under IT, Dr. Mac rackcn. who
is the son Of the retiring chancellor. DIR.
Henry MacCTacken. explained this pleas
ant duty in his speech at the opening
exercises
This college opening is notsble." SAID
he. in that for the frs; time the univer-
sity welcomes it's students az University
Heights 10 a campus the title Ia which
is absolutely free from every incum-
brance At the close 81 these exercises
! shall hand tn the president OF the Stu
dent Organization for final destruction
the universitys bond for ssOo.OoO-
which has outlived both the honored
officers Of the council whose signatures
il bears William A. Wheelock. pEesi-
Through the generosity OF the late
John \. Kennedy the university was
enabled 10 pay the mortgage on the
University Heights property in August
and to-day dedicates anew this campus
20 the permanent service % higher edu-
cation. in the hope that IL may forever
hereafter be bed sacred for this purpose
and never again be jeoPardized by debt.
The acting chancellor said IL was APP
propriAts that the last payment on the
University Heights property should he
the final act Of the chancellor whose
administration terminated yesterday on
his seventeen birthday
1T has been given 10 few men said
the acting Chancellor. TO leave 80 marked
an impression upon forty acres 81 land
Beginning with the stalking 81 his whole
bank account on the original option. the
Telling 81 the forest and the grading 81
the ~ reefs. the securing ~ railroad
- al ion, post Office and telegraph station,
the moving and removing Of the tenn
porary building and the athletic field,
when the munifCenCe Of Miss Gould
made possible a larger campus than was
originally plannedl on through the cree
ton 81 this library building and the hall
Of fame: and finally only last spring. 10
I he amendment Of the city map to pro
teCt the trces on the Schwab estate and
render more beautiful the solt bern APP
proach. every detail has had his personal
attention and every foot OF soil hears
his footprint He Said that the land
alone was worth 81 900 600 and that its
value was constantly increasing
Nowhere within our city limits. ne
went on. could the site he duplicated
to-day Tracts 81 forty acres protected
from division by streets by the city
Charter are hard 20 find Forty acres on
I he top 81 hill with a view Of two rivers
and the Sound and vet level enough 10
10 adapted to the requirements 81 u
college without great eHPen-s are
unique pos-ession.
He pointed out that the university was
free from any condit ION upon us scope
except that portion Of the Schwab
est ate shall be devoted 20 woman work
and living He thought that IN its
freedom from obligatio ion and fs greatness
Of opportunity the campus was a type OF
the American - udent After he had told
the entering class that they would be-
surprised ~ find the extent ~ student
government Or MaCCracken continued.
You students AZ University Heights
stand to-day free men on free Eoil The
faculty. believing IN democracy. will
always make the margin - freedom
little larger than you VIII Use prnittably
DO not he haSty IN Surrend"ring the
control - This margin ot fr''' dom 4"
hers Preserve sens. ~ the dignity /
" hICh comes 80 the man who calls no p.
man master because he recognizes that .
over and beyond all his obligations 20 his
felluWmen - his own responsibility 10
immutabla Laws II right and duty. his
own direct accountability TO God. Tor IT,"
,erfer' fulhlmeut II which he will find
freedom ne, sssary
Francis Hpvey Stoddard. the new dean ,
~ the college - arts. addressed the
students ard then. under the leadership
e the student Organization president,
the burning e the bond was accom-
pli-hed