Rensselaer Republican, Volume 26, Number 23, Rensselaer, Jasper County, 1 February 1894 — DEPAUW UNIVERSITY [ARTICLE]

DEPAUW UNIVERSITY

Authoritative Statement From President John. Many sensational reports in regard to the financial straits in which D.i Pauw University has been placed by tiie embarrassment of Charles W. Do Pauw and Newland T. DePauw, of Now Albany, have been circulated recently. One is that the university will never be ablo to realize much, if anything, from the endowment of Washington C. De Pauw; that the sons of Mr. Do Pauw have met with reverses that will wipeout the estate which it was IntendoJ the university should have. Another story is that there is to be a reconstruction of the force of teachers; that several important departments are to be abolished and some of the buildings vacated. That the people of Greencastle, feeling that they have done more than their share toward building up the university, have decided not to lend more aid to the school unless convinced that the university will realize a goodly Sum from tho estate. President John, of the university, in an interview at Indianapolis, Thursday, says tho reports are largely exaggerated, tie has been assured by the executors of the De Pauw estate that the university will at tho expiration of ten years from the death of Mr. Depanw—which will bo in May, 1897—realizo$tiJ0,000from theestate. The university has been in financial straits and it has been compelled to call on its frien is for help, but no serious res ills are feared. Tiie law department has icon abolished and departments have be n consolidated where it could be done without injuring the character of the work done.