The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1910-12-21
JOHN D. QUITS.
He Announces His Last Gift to
Chicago University.
WithdraWs From All Connection
With the Institution.
SUM is S1O,OOO,OOO.
Making a Grand Total Approx
mating $35, ,OOO,O 900.
Future Support and Extension
Is Left to Others.

Chicago, Dec. 21.-John D. Rookie
feller has completed the task he set
for himself in the founding of the
University of Chicago. Public an
nouncement is made of single and
fnaf' gift Of $10,00O,0OO, which in
cludes all the contributions Mr. Rookie
feller had planned. This sum, to be
paid in ten annual installments. be-
ginning January 1, will make approxi-
mately $35,000.000 he has donated to
the university
Mr.. Rockefeller says he now believes
the school should be supported and
enlarged by the gifts of many rather
than those of single donor This, he
believes, will be better accomplished if
the public understands the limit of his
contemplated assistance. The found
ing of new departments he leaves to
the trustees, as he says funds may be
furnished by other friends of the uni
versity.
. Up to now nearly $7.OOO,000 has
been donated to the university in ad-
dltion to Mr.. Rockefeller's gifts
With the announcement of Mr.
Rockefeller's final donation came the
| resignation of John D. Rockefeller ir
and Fred T. Gates. Mr.. Rockefeller's
| personal representative from the uni
verslty board of trustees In enclos-
|
| Ter explained he was carving ont a
conviction that the institution should
be controlled, conducted and sup
ported by the people, with whom up
ating.
Mr.. Rockefel1er's idea, it is under
Stood is that he is turning over the
institution and its endowment to Chi
cago and the west, and ir so doing
withdraws from any further represen-
| tation in it's control.
The announcement of the gift was
made at the quarterly convocation at
the university.
Announced in a Letter
The gift was announced in letter to
the president and trustees which was
read by President Ryerson. 1t says:
New York. Dec. 49, 1870
To the President and Trustees of the
University of Chicago.
Dear Sirs:-I have this day caused
to be set aside for the University of
Chicago from the funds of the general
educdtlon board, which are subject to
my disposition, income-b bearing securi-
ties of the present market value of
approximately 10 million dollars, the
same to be delivered to the university
in ten equal annual installments begin
ming January 1, 1911, each installment to
bear income to the university from the
date of such delivery only. A list of
these securities is appended herewith
In separate letter of even date my
uses of fund are more specifically ex-
pressed.
''It is far better that the university
be supported and enlarged by the gifts
OF many than by those of a single donor
This I have recognized from the be-
ginning and, accordingly, have sought
to assist you in enlisting the interest
and securing the contributions of many
others, at times by making my own
gifts conditional on the gifts of 9TH
ers, and at times by aiding by means
Of unconditional gifts to make the uni
versity as widely useful, worthy and
attractive as possible.
Most heartily do recognize and re-
joice in the generous response of the
citizens of Chicago and the west. Their
contributions to the resources of the
university have been, l believe more
than Z million dollars. 1t might per
halps be difficult to find a parallel to
generosity so large and SO widely dis
tributed as this, exercised in behalf of
an institution SO recently founded
'I desire to express my apprecia-
tion also of the extraordinary wisdom
and fidelity which you, as president
and trustees. have shown in conduct
ing the affairs of the university. In
the multitude of students so quickly
! gathered, in the high character of the
; institution. in the variety and extent of
original research, in the valuable con-
tributions to human knowledge, in the
uplifting influence of the university as
, whole, upon education throughout
the west, my highest hopes have been
far exceeded. It Is these considera-
tions, with others, that move me to
sum up in a single and final gift, dis
tributing its payment over a period of
j many years to come. such further con-
! tributfons as have proposed to make
| to the university.
1.-THE sum I now give is intended to
: make provision, with such gifts as may
/ reasonably be expected from others,
! for such added buildings. equipment
and endowment as the department.
/ thus far established will need. This
gift completes the task which have
set before myself. The f, unding and
support OF new departments for the
development of the varied and allur-
medicine, leave to the wisdom of the
trustees as funds may be furnished
for these purposes by other friends of
the university.
A University of the People.
"In making an end of my gifts to
the university, as I now do, and in
withdrawing from the board of trus-
r whose designations enclose, am act
1 ing on an early and permanent con-
viction that this great institution, be-
t ing the property of the people, should
: be controlled, conducted and support
e ed by the people, in whose generous
j efforts for its upbuilding 1 have been
permitted simply to cooperate; and
s could wish to consecrate anew to the
e great cause of education the funds
S which I have given, if thai were DOS
k sible; to present the institution a sec
: ond time insofar assI have aided in
founding it, to the people of Chicago
e and the west and to express my hope
T that, under their management, and
e with their generous support, the uni
S versity may be an increasing BLESSING