1890-92 - University Archives and Records Center - University of ...

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that education all that was asked of him, but the education itself
has cost in actual money outlay from 30 to So per cent more
than the total of his bills. The remainder was paid from the income
of gifts and legacies by men and women long dead, to whom
this higher education was something of sacred importance, and.
by a steady stream of gifts from the comparatively few of the
living who feel that in the maintenance of institutions like ours
they can best promote the highest welfare of their fellow men
Without such resources as these not a college in the land could
be' maintained. The tuition fees cannot be raised to a sustaining
point without debarring from the higher education a large proportion
of the very men forwhose education the colleges deserve
to exist Without such resources free tuition of those from some
of whom will come the highest honor to the college that educated
them would be impossible. The need of such resources becomes
yearly more urgent. .
We are painfully conscious that the average salaries now
paid to professors and instructors are altogether unworthy of the
talents, the zeal, the loyalty and the labors that are demanded of
one who is at all worthy of such a position. The materia
equipments needed for our advanced modern education represent
a very large capital, and large annual expenditures to keep them
abreast with the times. Meanwhile, with the increase of population
and under the stimulus of a more widely-diffused secondary
and'primary educational system, an ever-increasing number of
young men are thronging to our doors. Among them are
some of rare promise, to whom even our moderate tuition charges
are prohibitory. You have already strained your resources to
the utmost in the liberal grant of scholarships to deserving
students To continue them in such numbers as in the last few
years is absolutely impossible on existing means Our one,
supreme, and urgent need is that of money. We need first an endowment
fund worthy of the work which is committed to our hands.
The noble contribution to such a fund made by Mr. John Henry
Towne is a memorial of his lofty conception of that work ; and
'as a direct result of that example, and so stated in his will, is the
bequest of the late Charles Lennig, Esq., of a like munificent