The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-05-19
SAY POLICE PENSIONS
MAY BANKRUPT CITY
Foundation Managers Brand
System Here as I'm
practical.
RAPS SEVERAL COLLEGES
Failure Of Flamboyant Gaia.
logues to Give Financial
Statements Criticised.
RAPS SEVERAL COLLEGES

The pensions systems OF the New yo-h
police and fire departments. the pension,
or teachers In state and municpaljt,og
and pensions systems in private business
establishments all come In for anslys,.
and criticism in tho eighth annual repor,
OF the Carnegie Foundation for the Al
vancement Of Teaching. made public We,
terday.
Accompanying this Is a paper which
goes after the college catalogue In very
plain words In which It IL said
ut Is not too much to say that n
the 1000 and more colleges OF the coun.
try were judged upon the basis Of literary
excellence and the clearness and the hon.
esty OF their catalogues the showing
would be an extremely embarrassing
one"
The total endowment OF the foundation
Is given as s15.325,O0O and the expend,.
lures for the year as S6JS.i3i. or thl,
s519,440 was distributed in retiring al.
lowances to professors and sSO9i9 to
their widows. Thirty-three allowances
were granted during the year. Among
tho new pensioners were DIR. Franc.
Landey Patton of Princeton and Prof
Ira Remsen. who was president and pro.
lessor of chemistry at Johns Hopkins
University, Rensselaer, Polytechnic Insti-
tute or Troy was admitted to the list OF
accepted Institutions during the year
New pensions systems established ny
the Rockefeller Institute. the American
Museum of Natural History, Brown I'M.
versity, Teachers College, Columbia TINT.
versity and the federated system OF tho
English universities are analysed.
Expense of Police Pensions.
The Bureau of Municipal Research be.
gan an investigation into New York CITY,
passions last year. 1t says, and thereby
undertook task as great as cleaning tina
Augean stables. The report asserts that
the potts pension system will bankrupt
the city II It is allowed TO continue as
II is. And all that the fund can rely
on at present is the members contribu-
tons OF per cent of salaries and fund
OF ss7.455. The accruing liability 10
those now in active service their wives
and children will be s12l,o00,0Oo and
for the next twenty-five years.
The Fire Department does not reuuir,
contributions from its men but It's fund
Is made UP OF licenses and disbursements
from the municipal treasury. The prln.
ciple upon which II is founded Is called
faulty.
The time has come when those collcga,
should give the catalogue their earnest
attention. the report says
III the namboyant college that an
nounces with u flourish of trumpets many
high sounding, ambitious courses accom-.
parted that statement with n brief eS-
hiblt OF Its financial resources the stude1;
and his adviser would be protected. The
institution that attempts to cover he
whole field of university work with an
income OF a few thousand dollars would
find comparatively few victims II its In
come and its courses Of study were stated
side by side. The statement OF the Lob
anon, Ohio. University: Our reputation
for education efficiency is worldwide u,
considerably illuminated by its additional
statement on the same page: This pasl
year a new factor has entered our school
life. We have an endowment fund well
started"
Universities Big Claims.
There is little hit at Princeton in IN,