The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-06
Coolidge, Smith, ROSenWaId
End Task as Trustees
of Hubert Fortune.
S7,5OO,0O0 DISPENSED
80 Institutions Are Chosen
to Receive LargeSS of
Russ Immigrant.
BY NORRIS DE HAVEN TRACY
United Press Stan Correspondent


NEW YORK, Jan. 6.-The mil
lions amassed by a once poor i'm
migrant from Russia. who was a
failure until he was 40, were dis
tributed for the public good today
by three of the nations leading
citizenS-Calvin Coolidge, Alfred E.
Smith and Julius Rosenwald.
The money represented three
quarters of the 100000 fortune
left by Conrad Hubert, under the
terms of his will, his executors APP
pointed Coolidge, Smith and Rosen-
valid to control its distribution.
After working on the problem
since June, they announced the dis
tribution, revealing that they had
divided it approximately as follows:
To hospitals and welfare inStitu-
lions in New York City, $1,30O,000;
to Jewish institutions, $625, 600; to
work for the betterment of the con-
ditions of Negroes, $750,000; to or
CARNATIONS concerned with mental
hygiene, 100000; to the Boy Scouts
and the Girl Scouts, half mil
lion dollars each; to colleges, $780,
600, and the remainder to a wide
range of charitable, educational and
religious institutions.
No EndOwmeDts
Each gift is given for a specific
purpose, either already announced
or agreed upon privately. No en-
dowment funds are set up or given
contributions. In every case, the
money is for projects involving cap
ital expenditure an not for run
ming expenses, and each gift is sup
plemeted by an urgent request
in the words of Governor Smith
that like or greater sum be raised
from other sources.
The distribution is the last re-
markable chapter in a remarkable
life. Hubert successfully was cigar
dealer, a restaurant proprietor,
boarding house keeper, farmer, milk
dealer and finally, as he neared 40,
a dealer in watches. Then he in
vented the electric faShlight and
an uncertain career as an unimpor-
tant business man, was replaced by
the accumulation of millions. When
he died, he not only left large sum,
but it was revealed he had disposed
of what might be considered a COM
Portable fortune, by his patronage OF
charities.
Coolidge, Governor Smith and
Rosenwald on Friday met a small
group of newspaper men in the
directors room of the Bankers
Trust Company here, and told them
of their work.
They had accepted the response
bility of distributing the fortune last
June, and since then the three had
met twice monthly at the Bankers
Trust.
Study 800 Applications
Over 300 applications for a share
of the Hubert Fortune were studied
by the three men and from that
number thirty three have been
chosen. They added a regret that
they did not have many times the
amount available, SO numerous were
the worthy causes they had found.
The meeting of the three with
newspaper men itself was remark
able. Coolidge acted as chairman
of the committee, but Governor
Smith did the talking for the for
mer white House spokesman" He
explained that in distributing the
money they had considered these
points:
The greatest good to the greatest
number.
The charities to which Hubert in
his lifetime had contributed.
The fact that Hubert at various
times had made his home in New
York. Jersey City and in Florida.
Pressing need for the project uns
der consideration.
The facts contained IN the finan-
cial reports and revealed in other
Investigations of the various insti-
tutions.
1--WE have had a pleasant time to-
gether," said the Governor. 1--WE
have been glad to do it and see this
vast sum poured into religious,
charitable and educational chan
nels.p
Speak in Praise
Coolidge and Rosenwald both
spoke words of appreciation for the
others upon the committee.
The specific donations were or
dered made as follows:
To be paid out of funds immedi-
ately available:
st. Vincent's hospital, New York,
100000; Boy Scouts Of America,
$500, 900; Girl Scouts, Inc, 100000;
Provident hospital Of Chicago for
the training of Negro physicians,
$500, 900; Beekman Street hospital,
New York, $500 900; Children's Aid
Society of New York for children's
center on the west side, 5000, 600;
American national Red Cross, $375s-
900; the Y. M. c. A. Of Jersey City,
$3.50, 900; the New York Founding
hospital, $4,000; International Mi
grafton Society American branch,
$4,000; Jewish Mental Health So
ciety of New York, $3.50 900; the ma
ton commission on mental hygiene,
$3.50 900; Jewish Theological Semi
nary of America, $250,000; Young
Mems Hebrew Association of New
York. s175,o00; New York university,