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Cornell University, a History Volume 1

Cornell University, a History Volume 1


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 edition. Excerpt: ...of the Professorial Pension Fund, but expressing the opinion that it was unwise to use the general funds of the university, or gifts not especially made for the purpose, to pension professors, and expressing the ' willingness to receive contributions from former students, and from friends of the university, for the establishment of such fund (which should be increased by annual contributions from all professors desiring to avail themselves of the advantage thereof)," and also expressing a willingness to invest the money thus obtained and manage the same without cost to the benefactors or beneficiaries. "The object would appeal to graduates and old students who feel special obligations to the men who have opened to them the gateways of knowledge and enlarged and enriched their lives." The report proceeds: "Professors belong to a class who have consented to forego the advantages of lucrative employment that they may devote themselves to the cultivation of science and letters, and to the instruction of youth. The co-operative scheme endorsed by the Board does not endanger the individual's own thrift and self-help; it stimulates and supplements them." No further action was taken under these resolutions until the year 1903, when an anonymous friend of the university gave $150,000, to be placed at compound interest for eleven years until it should amount to $250,000. This accumulated sum was then to be considered the gift of this benefactor, and the inviolable capital of the Professorial Fund. The annual contributions of the professors were to begin in 1903. For the period of eleven years no charge of any kind was to be made, either against the accumulated gift of the benefactor or the accumulated contributions of the...


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Product Details
  • ISBN-13: 9781152004511
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 136
  • Spine Width: 7 mm
  • Width: 189 mm
  • ISBN-10: 1152004514
  • Publisher Date: 04 Jul 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 254 gr


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