The Connecticut labor press., 1920-01-03
MYSTERIOUS MIR. SMITH WHO GAVE
 TECH $7,OOO,OOO
Identity to Be Disclosed January 10-Not the Editor of
 The Labor Press.
GREAT BOON TO INDUSTRY
Big Fund to Train Technical Men Aid to American Indus
 trial Leadership.

Boston, Jan. 2.-It was announced today that the identity of the mysteri ous "Mr Smith," who has given ST. 100000 to the Massachusetts Institute of Technology and who pledged $4O00 GOO more on certain conditions, would be disclosed on January 10.
 The name of the editor of The Con- necticut Labor Press is Smith, by a strange coincidence, but it may be auth oritatively stated that he is not the man.
 War developments have put a pre- mium on the kind of education for which the Massachusetts Institute of Technology stands. The value of the technically trained man to industry is more clearly understood than ever be- fore. Technology graduates have come to the fore everywhere and proved themselves indispensable to the win ming of the war and the expansion of our national commerce.
 The technical facilities at the In- stitute also have a big commercial value In connection with it's $S,O0O,- GOO Endowment Fund campaign Mas sachusetts Tech has therefore gone out into the open market and offered its services to industry. The Ameri- can International Corporation heads the list of industrial concerns which have signed Techs new contract. The Chile Copper Company, the Simplex Wire and Cable Company and the Todd Shipbuilding Company have also signed the contract. The yearly pay ment is in the nature of a retainer fee and varies with the size and needs of the corporation.
 William 0. Potter, one of the part ners of the Guggenheim Bros, is chairman of the Industrial Committee which is putting the Technology project before the industries of the country. Mr. Potter is working on the theory that selling the Tech cam paign to industry is business propo- sition, profitable to both parties. The contract provides that the Institute shall receive a certain amount a year from the corporation in question in re- turn for consultation privileges and the use of library and laboratory fla cilities. The whole faculty body, the largest group of high class technical experts ever brought together in one permanent consulting body, is thus put at the disposal of the contracting cor poration.
 How Germany Did 1t.
 Germany built up the most effective system of applied science in industry that the world had ever known, be- cause she had good technical schools. The German technical schools are SUD- ported almost entirely by state sub Gidy, and tuition fees are merely fn- cidental. When Germany wanted to try something new in industry, she went to her schools, and the schools did not have to stop to consider wheth- CT they could afford to tackle the prob lem America does not want Prussian- iZed schools, but liberal endowment must be supplied in place of state sub- gidy if our technical schools are to be free for successful world competition.
 The Massachusetts Institute of Technology, Americas first techni- cal school, which is conducting a cam paign for an $S,OOOOOO endowment, was founded in 1865. The Tech labo- Fatories of General Chemistry, Physics and Mining and Metallurgy were the first in the world for instruction to classes of considerable size. The h. gtftute courses in Physics, Electrical Engineering and Aeronautical Engi- neering were the first in the country. Technology has the most thoroughly equipped and up-to-date plant in the United States.
 | Technology's graduates have taken A conspicuous part in the industrial development of the country. They have been active leaders in practical ly every American industry.
 During the war 76 per cent. of the thousands of Tech men who entered the service became officers, a record which justif1es the boast that Tech nology trains men for leadership.
 The Institute Is Popular.
 The present Technology plant was built three years ago to take care of 2,O00 students Today the enrolment is 3,10O. Fifty-fve of the 100 scholar ships given by the K. of c. to return ed A. E. F. men were for work at Technology, the men having express ed that preference. Boston Tech has twice as large a Rproportion of foreign students as any other American institution of collegi- Rte rank These men go home to DO dHons of influence. where they will