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The Massachusetts Institute of Technology must have more money before it can start work on its new buildings on this side of the Charles river. An extract from the "Tech" reads:
"Despite the fact that the funds available for the construction of the new buildings of the Institute amount to over $6,000,000, there still remains a shortage that must be met before it will be possible to erect the new Cambridge structures. The above amount does not include the money involved in the Pratt bequest, which is now in litigation, and which, if decided in favor of Technology, will raise the total to over $6,500,000.
Canvass of Alumni.
"In order to meet the shortage, the Alumni Committee recently sent a communication to various members of the Alumni, in which additional contributions were urged. It was shown that in addition to the fund of $450,000 promised by the Alumni, and $2,500,000 from Mr. 'Smith,' a very small amount of the above total was actually available for construction work.
"It is estimated that there are approximately seven thousand Tech men who have not subscribed to the fund, and it is to these that the appeals for additional amounts are being addressed. About two thousand of the Alumni have already promised the $450,000 available for buildings for the use of students. As these cannot be planned until money for their erection is in sight, the urgency of the request is emphasized."
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