New Britain herald., 1918-11-02
YALE ALUMNI MUST
 MAKE UP DEFICIT
Treasurer Day Makes Appeal for
 Aid in Annual Report

New Haven, Nov. 2.-Chiefly be- cause it gives a, graphic picture of wartime Yale solving it's extraordinary financial difficulties, the annual report for 1917-1S of Treasurer George Parmly Day, published today, is of un- usual interest. When the Yale fiscal year began on June 30, 1917, the di- rect effects of the war were being felt at the university. Students had begun to leave in considerable numbers and the prospect of a large deficit from in creased expenses and the losses in tui-
 tion and room rent appeared as a real problem.
 In his report Treasurer Day makes
 it clear how this deficit was met The burden of eliminating an estimated deficit of $250, ,000 was accepted by the Alumni Fund Association under the aggressive chairmanShip of Henry S. Brooks, 'S5. At Commencement, 1918, the announcement was made by Pres ident Hadley that not only had the amount been subscribed by the alum nj, but it had been doubled, the total given through the alumni fund being over half-million, an unprecedented record for year.
 A similar need exists for the year now begun. Treasurer Day issues an appeal to the alumni of the university
 to continue their loyal support in or der that Yale may emerge from the war free of debt and in q position to rise to the large opportunities created
 by the Sterling gift of about S15, 5,0O0,- 900, the completion of the College Me
 morial Quadrangle of dormitories given by Mrs Stephen V. Hardness of New York, and ultimately a new H. brary and a new Peabody museum. At the same time he calls attention to the
 important fact that neither the prin- cipal nor the income of the muniticent
 Sterling bequest will be available for
 immediate use and that when it is fin
 ally available it's uses will probably be
 ot such a sort as to enlarge the insti-
 tuition and to bring new needs and
 alumni obligations rather than to re-
 move them.
 Special interest centers in the con- solrdated income and expense account which shows total expenditures of s1,- 846, 143.31 for 1917-1S as against s1.-
 S2b,824.67 for the previous year and a l total income of $1,S17,32191 as against ,941.704.79 for the year pre- ceding. The income available for reg i lllar expenses, exclusive of the alumni
 fund, was $529,000. while the ex- , penses, exclusive of appropriations to schools and departm ents for special ] purposes, salaries, and deficits were ] S40S,000. The University deficit on it's general accounts of $299.058 was met by the alumni fund contributions. At
 the same time the university was run as economically as possible in the ia ce of increased demands and eXpenses. While a. loss of $G76, 000-$oo6, 900 in tuition losses and S7O.0O0 in dorni- tory rental losses-in regular incom 2 occurred, the University was able to save S92, 900 in salaries over the pre-
 Vious year through the absence of in- structors on part salaries or on no salaries at all in the Government ser wee. On the other hand. the "War Expense Account" including the equipment and training of the field artillery and naval units mounted to i s61, 900, added to which was s60.OOO for Artillery Hall, constructed at uni versity expense.
 4ale's endowment was increased during the year from S19,S23,O 900 to S21, 1,1S1,000. Notable gifts recorded as 1 having been made during the year in 1 clude the following: For university 1 funds, gift of Mrs. Stephen V. Hark- ness for new university heating 1 plant, $500; balance of estate of the
 late Justus s. Hotchkiss, $295,5O0; gift
 Of Henry C. Lapham for an athletic
 club house at Yale Field, to be erected ] after the war at a, cost of $10O,O0O: 1 for Peabody Museum funds, $169,0O0 as building fund from the trustees, 1 and general income from the trustees, 1 S22,0O0, for Yale college $400,0O0
 from William l.. Hardness for a new 1 educational building to be built after
 the war; for the School of Medicine
 for general endowment, $250,OOO; { from the Carnegie Corporation, $780, l 900 in the form of an anonymous gift.