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THE

THE HARVARD ENDOWMENT FUND

BY EDGAR H. WELLS, '97, VICE-CHAIRMAN OF THE EXECUTIVE COMMITTEE.

HE Harvard Endowment Fund now stands at slightly over $12,354,00, or nearly $3,000,000 short of the total amount which the Executive Committee started to raise more than a year ago.

The Executive Committee has decided to renew the campaign to obtain the sum of $15,250,000, which was the amount finally set as the goal. As many alumni will remember, this sum was made up as follows:

A 50 per cent. salary
increase,
Mobile fund, to be kept
unpledged to meet op-
portunities which arise
for special work or the
obtaining of exceptional
teachers,

For salaries of instructors
for physical education,
For salaries of teachers in
the Dental School, 80 per
cent. of whom are now
unpaid,

committees will be asked to work among the members of their classes. Wherever there is a sufficient number of members of any one class to warrant it, the committee will appoint a local representative. This representative will be asked to work in cooperation with the divisional or local chairman in covering his classmates.

Each class committee will be asked to send out some form or circular letter personally signed to all members of the class. This letter will point out the comparative record of the class as against other classes and stimulate in every way $600,000 $12,000,000 possible an element of class competition

INCOME CAPITAL

50,000 1,000,000
12,500 250,000

50,000

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1,000,000

1,000,000

$762,500 $15,250,000

It at first seemed desirable to begin the campaign as early in October as possible, but, after careful consideration of the situation, the Committee decided in favor of an intensive campaign of four week's duration beginning on Monday, Nov. 8, and ending on Saturday, Dec. 4.

The former divisional organization will be maintained, with a large majority of the chairmen directing the campaign in their respective divisions or districts. In order, however, to obtain the greatest possible momentum, there is to be organized in each class a committee working in cooperation with the class secretary. These

both as to the total amount of contributions and the percentage of contributions from the class. Every care will be taken to avoid any conflict between class effort and divisional effort, which will be closely coördinated. The Executive Committee feels, however, that both activities should be applied at the same time.

Since the question has been often asked the managers of the Endowment Fund as to whether some large gifts were not being held in reserve, it is perhaps well to repeat that the Endowment Fund Committee has published a complete statement of the amount subscribed to the Endowment Fund to date. There are absolutely no donations which are being held back.

Criticism has also been made of the management of the Fund that the need of large gifts has not been sufficiently emphasized, and also that the value of small gifts has not been called to the attention of the alumni. It has been said many times, orally and in print, that gifts of any amount are welcome. No graduate should hesitate to contribute to the fund because his gift seems to him to be only nominal. So far the Endowment Fund has received 9,714 subscriptions of $100 or less.

Letters have been despatched to di-
visional chairmen and to class secretaries
and the work of organization is going for-
ward at the headquarters of the Harvard
Endowment Fund, 150 Nassau St., New
York, under the direction of Eliot Wads-
worth, '98, chairman of the Executive Com-
mittee.

The

The briefest analysis of the figures
shows how essential it is for the welfare
of the University to complete the cam-
paign in the shortest time possible.
estimated payroll for teachers at Harvard
for the present year is $1,904,911. The
payroll during the year ending June 30,
1919, was $1,044,616.53. The income at
five per cent. on the amount of money
paid into the Endowment Fund to date will
be $300,000. When all the rest of the
money has been paid in at the end of 1923,
there will be added at five per cent. only
$600,000 in all to the income of the Uni-
versity. Clearly, the amount set for the
original campaign is none too large.

The following tables show the status of
the Harvard Endowment Fund as of Sep-
tember 20, 1920:

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*Rank is based on the percentage of the number of subscribers to the total number of Harvard
men. Non-Harvard gifts are included in this computation.

CAPTAIN GOETZ PROMOTED

Captain R. C. F. Goetz, Professor of Military
Science and Tactics, has been promoted to the
rank of major. For the past year and a half he
has been in charge of the field artillery unit at
Harvard. He supervised the instruction in equita-
tion last summer at Camp Knox, Stithton, Ky.,
where students in the college R. O. T. C. units
received six weeks of training.

A COLLECTION OF WAR MATERIAL
The French government has presented to Har-
vard University a large collection of material
used in the war against Germany, as “a fitting
memorial of the victorious battles fought by
France and America side by side", according to
the letter of presentation.

Two of the larger pieces, one French 75 mm.
gun and one German 77 mm. gun, much battered
by usage in the war, have been set up in front of

the Widener Library. Two German mortars of
250 and 170 mm. respectively have been placed
on either side of the steps of the Library.

The smaller material in the collection includes
rifles, bombs, shells, bayonets, cavalry swords,
gas masks, a flame thrower, a zeppelin bomb, a
gas protector, trench fuses, shell baskets, and an
ammunition box. These trophies are temporarily
in the headquarters of the Military Science De-
partment at University Hall. The only condition
made by the French government in the presenta-
tion is that French material should be well sep-
arated from the German trophies in the exhibition

room.

THE BROOKS HOUSE RECEPTION

Members of the incoming freshman class were
entertained at a reception, Wednesday evening,
in the parlor of Phillips Brooks House. William
J. Bingham, '16, recently appointed coach of the
track team, was the principal speaker.

OPENING OF THE UNIVERSITY

ARVARD University opened its doors

HA

last Monday for the beginning of the 284th academic year. Exaet figures of enrollment are not available at this time; but the expectation of the University officers is that the College will be considerably larger this year than it was last, and that the enrollment will be among the largest on record. The freshman class seems to be larger than last year. The junior class is unusually large because nearly all the 272 unclassified men of last year, who came to Harvard from other colleges, have been received into regular standing in the College as members of that class. Some 300 men, moreover, have transferred to Harvard after a year or more of study in other institutions, and, consequently, the number of unclassified students is again large this year.

The graduate schools are also full. The Graduate School of Business Administration has a record enrollment of well over 500. For lack of room, many recitations in the Business School are held in the basements of College buildings. The Law School registration probably equals last year's record figure of 879, and possibly exceeds it. For the Graduate School of Education, which opens for the first time this year, over 40 students have registered of whom a few are women. The Engineering School is slightly larger than last year, as are the Dental School and the Medical School.

As a result of the large enrollment, housing facilities are again heavily taxed this year. The demand for rooms has been even keener than it was last year when every College room was engaged before the University opened. Many students, especially those in the graduate schools, have been forced to live at considerable distances from the College Yard.

Among the members of the Faculty who

have severed their connection with Harvard are R. F. A. Hoernlé, who has resigned to teach at Durham University, England, and Harold J. Laski, who has received an appointment as full professor at the University of London. A. B. Hart, Eaton Professor of the Science of Government, will be absent during the present academic year as Exchange Professor to France. Others who will be absent are George H. Parker, Professor of Zoölogy, and Edward W. Forbes, Director of the Fogg Art Museum, both of whom are Exchange Professors to the Western colleges; Arthur Pope, Assistant Professor of Fine Arts, who is in Europe on the Sachs Travelling Fellowship; and Bliss Perry, Professor of English Literature, who has been granted a year's leave of absence for literary work.

Several new professors have joined the Faculty this year. William MacDougall, until recently a Fellow of Corpus Christi College, Oxford, has taken up his duties as Professor of Psychology at Harvard. He is the author of "Body and Mind" and "The Group Mind", and did extensive work during the war on nerve cases. Two of the new professors are former members of the faculty of Yale University. Wilbur C. Abbott comes from the Sheffield Scientific School to give courses in Modern English History, the French Revolution, and the Napoleonic Period, taking over some of the work of the late Professor R. M. Johnston, and of Harold J. Laski. A. Kingsley Porter, also from the Yale faculty, is now Professor of Fine Arts at Harvard, specializing in Mediaeval Architecture. Dr. Richard C. Cabot, Professor of Social Ethics, is now giving a course on "Human Relations" and another on "The Kingdom of Evils". Henry Pennypacker, '88, formerly headmaster of the Boston Latin School, has for some time been at his

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