The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1911-04-14
MILLIONAIR GIVES
AWAY A FORTUNE
PEARSON TO RELIEVE HIM
SELF OF HIS ENTIRE FOR
TUNE THIS VERY DAY.

f1aQ Already GlVen NOlleSe OF 1QanO
e25,0OO and May Come Through
Again-Philanthro Has Given
Away 100000 All Told Up to the
Present.
The people of Caldwell are more
or less interested in DR.. D. K. Pear
sons, the aged Chicago millionaire,
because he gave the College of Ida
no $25,00000, and may give more at
future date. Wednesday repre-
sentative of The Tribune called on
Mr.. L. S. Ollie and asked him if the
college expected a donation from the
100000 Dr. Pearsons will dis
tribute today Mr.. Ollie informed
US that the college had no reason to
anticipate another gift at this time.
! He stated however that Dr. Pearsons
might leave a will and at that time
the college might be remembered,
CDR. Pearsons," said Mr. Ollie, "is
a remarkable man No one seems to
know much about his financial con-
dition. Every distribution he makes
surprises his friends and even his
bankers. The college anticipates
nothing from the distribution he will
make today If he leaves will and
has anything left at his death the
College of Idaho may be remember
ed"
DR.. Pearsons lives at Hinsdale,
Ill. He will celebrate his DIST birth
day today, April IA, by the distribu-
ton of 100000 to schools and reli-
gious organizations This will make
his total distributions of recent years
nearly $5,OOO,OOO, most of which has
been given to small colleges
The gifts are termed by DR.. Pear
sons debts" and in most cases are
fulhllments of his pledges to differ
ent bodies of certain sums when they
should have collected other stipulat-
ed amounts.
The American Board of Foreign
Missions will receive 100000. while
small colleges in the central state:
will receive the remainder of the
100000 gift
Doctor Will Pay debts"
81 shall celebrate my birthday by
getting out of debt" DIR. Pearson'
said. About a year ago I gave no
tice that l would be getting out o
debt by this time and that young
man of my age had no business being
in debt. shall lie down on Apr
IA, out of debt for the first time ii
many years. l have had these out
standing pledges for many years
and have worked them off as on
after another of the institutions me
their obligations"
: While most of DR., Pearsons' gift
have been to smaller colleges, til
different institutions here have re
! ceived more than $1OOO,000 from tn
Hinsdale philanthropist. The Y, NJ
C. A. here has been one of his ben
ehciaries.
Among the chief benehciarics c
DR.. Pearsons, among the smalle
schools has been the Berea Colleg
of Kentucky, which has receive
more than 100000. In reviewing hi
: gifts today, he said the one fror
which he had derived the most pleas
ure was the gift of $4,000 for a W;
terworks system for Berea
The physician was one of the earl
settlers in Chicago, The create
share of his wealth was derived froi
the increased value of extended re;
estate holdings in the city of Chic;
go. Twenty-Five years ago, he retiI
J ed from business and most of h
: gifts have been from money derive
by the sale of valuable pieces of re-
estate.
All of DR.. Pearsons' benefactior
have been announced by him wit
i jocose whimsicality such as thos
e which characterized his statement Il
e day regarding the distribution to |
a made on his birthday.