People's Pilot, Volume 2, Number 28, Rensselaer, Jasper County, 30 December 1892 — GIVES ANOTHER MILLION. [ARTICLE]

GIVES ANOTHER MILLION.

John D. Rockefeller Makes HU Fourth Donation to the Chicago Unlvenrtjr— HU Total Gitte A; .oont to •3,600,000. Chicago, Dec. 28. —Following P. D. Armour’s gift to the city of an institute of technology comes a Christmas present of $1,000,000 for the University of Chicago from John D. Rockefeller. Monday the faculty received a letter from Mr. Rockefeller giving notice of his intention to present 1,000 5 per cent bonds of the total value of $L 000,000, principal and interest payable in gold. The bonds are to be delivered to the university December 2, 1808. It is less than ten months since Mr, Rockefeller made a contribution of a like amount in almost the same manner. This addition to the funds is made for the further endowment of the work of instruction. This is Mr. Rockefeller’s fourth donation to the university. The first was for SOOO,OOO, given in May, 1889, for the purpose of founding an institution of learning in Chicago. The second was 81,000,000, given in September. 1890, to enlarge the scope of the institution. The third was $1,000,000 in bonds, given in February of the present year, for the further endowment of the university. The present donation of 81,000,000 makes a total of $3,600,000 from Mr. Rockefeller alone.

Though the miilion-dollar gift of Mr. Rockefeller makes it small by comparison, it is understood that the Chicago university had another Christmas gift on Tuesday, or at least an intimation that a gift was about to be made. The lesser one is $250,000. Neither the giver nor the purpose for which*it is given is yet made public. President Harper says that the endowment and the value of the lands, building and other property of the university now amount to about $7,000,000.. Mr. Rockefeller has given $3,600,000. Four hundred and fifty thousand dollars were originally raised by various people in Chicago to establish a university. Marshall Field & Co. gave the campus, which is worth $250,000. Then Field and others gave $1,000,000 for theerection of buildings. About $500,000 has come from the estate of William B. Ogden for the establishment of the school of science in connection with the university. The Reynolds estate has given $250,000 and C. T. Yerkes gave $500,000 for the construction of the great telescope and observatory. Over $4,000,000 have been, received within a year. Hanover, N. H., Dec. 28.—Dartmouth college has just received the largest individual bequest with one exception in its history. It comes from the late Ralph Butterfield, M. D., of Kansas City, Mo., the executor of whose will writes Prof. Charles P. Chase, treasurer of the college, that the estate is worth $200,000, all of which goes to Dartmouth except $20,000, which is given to relatives and friends. The bequest is for the purpose of founding and forever maintaining a chair and professorship for the purpose of lectures, recitations and general instruction in paleontology, archaeology, ethnology and other kindred subjects, and for the erection of a building to jeost not less than $30,000 for keeping, preserving and exhibiting specimens illustrating the aforesaid branches, Dr. Butterfield decrees that his own cabinet of fossils, mineral, geological and archaeological specimens, now in Kansas City, be placed in said building as part of the bequest. Cleveland, 0., Dec. 28.—Mr. John L. Woods, a wealthy, retired lumber dealer, gave $125,000 on Monday to the medical college of Western Reserve university as a Christmas present. The college is already one of the best in the country. The university has received during the past two years gifts aggregating $400,000.