Middletown transcript., 1914-02-28
THE ENDOWMENT FUND
Encouraging Reports Submitted al
the Annual Bannuef

INC AuuudA DaH4ucl ~
Enthusiastic reports Of the progress
in the work of raising the 500, 900 en-
dowment fund for Delaware College
were received at the annual banquet of
the Alumni Association of Delaware
College held in the Hotel DUPONT Satur-
day night. About hundred and twenty
five alumni were present at the ban
quet, which was one of the most success
full and most enthusiastic gatherings of
Delaware alumni in the history of the
association.
The remarkable progress in securing
the major portion of the proposed en-
dowment fund of 500, 900 was made
public when H. Rodney Sharp, of the
class of 1900 chairman of the endow-
ment fund committee, reported that
$50, 900 had already been raised. Ad-
ditional contributions make the amount
already secured approximately S64, 900.
leaving about $36, 600 to be raised in or
der to secure the desired amount. The
work of raising this fund was begun at
the banquet at the Hotel dupont last
February, and the greater part of the
fund already secured has been raised
since the June Commencement.
The object in raising the fund is to
secure fund, the income from which
will be sufficient to pay the salary of
the president without any dependence
on the money derived from the federal
government under the provisions of the
Morril bill. The proposed fund of $780,
600 would give an income of approx
mately Sc, 900 thus leaving the president
Independent OF the sa !ary as teacher and
following him to devote his entire time
to executive duties.
Judge Victor B. Woody, class 85, acted
as toast master. He spoke on '"The
Object of the Alumni Dinner" /" He told
Of the new charter, which Delaware
College has recently secured and of the
work of the Alumni in securing this
charter. He then introduced Chief JUS
tice Pennewill, an alumnus of Princeton
who spoke on ''For What Does the Col
lege Stand?"
In his address, the chief justice made
an appeal for financial support for Della
ware College from men of the state es-
pecially, who were able to give to the
college. He paid high tribute to the,
work of the college when he declared
that ''in proportion to student body,
Delaware had turned out as many good
and useful citizens as any college or
university in the land" Continuing, he
said: ''My experience and observation
show that this institution has done more
for the legal profession of our state
than any other college, large or small >
He prophesied a great future for
Delaware, saying that it seemed newt
able that, when the possibilities at Del
aware College were considered the insti-
tuition would receive greater financial
support from those able to give, whether
graduates of Delaware on not, and that
the young men of Delaware would not
wish to leave the state to seek a seat
of higher learning. Continuing, he said:
There are usually two thoughts in the
minds of those who are asked to give for
any public cause: rs the cause good and
deserving?; and will the money be
wisely and properly spent?' Viewed in
this light, concluded Justice Pennewill,
there could hardly be a more desirable
investment to-day than a liberal contri-
button to Delaware College" "
Judge Woolley then introduced H.
Rodney Sharp, 700, chairman of the en-
downment fund committee, who re-
ported the progress being made in the
raising of the endowment fund. AS he
told of the great success being met in
the effort, the alumni present became
very enthusiast and it was proposed to
attempt to raise the remaining sum in
short time.
Governor Miller was the guest of
honor. As he entered the banquet room
the alumni present rose in body and
gave a rousing Delaware yell, with |
three ''Miller's" at the end. At the
close Of the banquet the banqueters sang
the ''Alma Mater. -
The officers of the association are:
Victor B. Woolley, '85, president;
George McIntire, '96, vice-president; |
Everett c. johnson, '99, secretary; C. |
A. Short, '96, treasurer.
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