Middlebury register. (Middlebury, Vt.) 1886-1937, 1920-02-13
Students Cheer Gift

bury students when President Thomas
read two announcements of the greatest
Importance. The first which gave def
mite information as to Mr.. Hepburn's gift
of over sixty.hve thousand dollars for the
promotion of Middlebury athletics, was
received with great enthusiasm. AS soon
as the President had finished reading the
donors letter, the students feelings of
gratitude and appreciation for the gift
were brought to head, when Joseph Kas'
par president of the Undergraduate Asso.
citation, sprang up and called for a
long Middlebury with three Mr. Hep
burns on the end, and the walls of the
stately Mead Chapel rang for time with
the lusty cheer that was given. Even a
collie dog, that had slipped into the build
ing unnoticed, joined sympatheiically in
the general jubilation. The announce
ment, as read by Dr. Thomas, is as fol-
lows:
This is our first chapel together since
the meeting of the Trustees in New York
and have one or two announcements
one which think will bring you good
deal of pleasure and the other not so
pleasant
you have already read in The Campus
of Mr.. Hepburn's proposal to establish a
fund for the support of major athletics
Since that article was published Mr.. Hep
burn has addressed letter to the Trus-
tees making clear what he has in mind.
You will note when read this letter, not
only that the gift is generous one, plac-
ing our major athletics on a much more
substantial basis than they have been
heretofore, but also that the conditions as
to the use of the fund are very interest
ing and important In the first place the
President will have nothing TO do with its
Neither will the Faculty.
Mr.. Hepburn is very wise man and he
desires really to promote athletics. He
has full sympathy with the student point
of view and what he wants to do is to
turn out winning teams for Middlebury.
Therefore the Trustees will act only as
custodians of the fund, and the income
they are directed to place at the disposal
of a Committee on which the students
will have as their representative the Pres
ident of the Undergraduate Association.
The Trustees will designate one member
of the Committee, and the other three
will be alumni selected by themselves. |
regard the participation of the alumni as
a most important feature. If their selec-
ton can be so ordered as to secure the
active cooperation of the alumni in our
it will do more than anything
could to promote wholesome and success
full sport in Middlebury College But you
want to hear the letter. 1t is as follows:
Mr.. Hepburn's Letter
New York, January Both, 1920
Board of Trustees, of Middlebury College,
Gentlemen:
80 desire to create fund, the income
of which shall be used for the support at
of major athletics for men.
By major athletics, | mean football and
baseball. Football, as now played, did
not exist at the time was in Middlebury.
Other games may succeed baseball and
football as time goes by. This fund be-
ing for all time, desire to grant to its
administration, sufficient discretionary
ee-way to best carry out my idea of ap-
Dealing to the athletic instincts of young
men of that portion of the country which
We serve.
" 4 have always had great respect for
he old Roman adage of sound mind in
a sound body and believe in physical
culture, and particularly believe in sue
,essful athletics, as the best means of col
ege advertising, and that is the particular
feature which wish to serve at this time.
While this fund is in form given to
the Trustees of the College, to be man.
aged by them as other trusts created for
the benefit of the College are managed
by their Finance Committee, repeat that
desire to have the income of the fund
expended for the encouragement of
major college athletics at the present
time, football and baseball. desire the
Trustees to place the annual income of
he fund at the disposal of the Committee
TO be selected according to the rules ,
adopted by the Trustees from time to
line, but so selected as to thoroughly |
-epresent all student and athletic inter
ests. AT the start | would suggest that |
he Board of Trustees adopt a resolution |
a committee of five, one rep
-esentative of the Board of Trustees, one
of the Students possibly !
he president of the undergraduate as
;ociation, and three alumni of the College |
o be selected by the alumni
1 regard the alumni as a very import |
mt element in building up athletics !
They are always important in respect to .
'aising funds, and they may be very help |
ul in the selection of coaches for the ?
teams, and generally in work ,
ng in the interests of the College.
The underlying thought in the above |
is to unity or bring into close
the student body, the Trus- ,
ees and the alumni.
AS the basis Of this fund, present to /
he College, one hundred and thirty !
even q37) shares of the stock of
he Chase National Bank of New York .
md one hundred and thirty seven (137) .
shares of the Chase Securities Corpora /
ion. The quoted value of this stock to-
lay is ATS bid and 485 asked That would .
make the stock worth at the bid price
,65,075.
This proposition is in the best form (.
which can put it at the present time. ,
nm, however. open to suggestions on the |
part of the Board as to any variation of |