ENUMERATE URGENT NEEDS OF UNIVERCITY FOR FUNDS

In a statement given out yesterday by Eliot Wadsworth '98, executive chairman of the University Endowment Fund, the specific needs of the various departments in regard to increased salaries and other expenses are described. The reasons for the raising of the goal from $10,000,000 to $15,250,000 are set forth in Mr. Wadsworth's announcement. Not only a 50 per cent. increase of salary of the reglar teaching staff will be necessary, but funds for physical education, the dental school, chemical development and other numerous purposes.

"The original mark which we set," said Mr. Wadsworth, "was $10,000,000; this amount was the estimate of the Harvard Endowment Fund Committee which was appointed in 1916. This seemed large at the time and was based upon the needs of the institution at the time for increased equipment and higher remuneration for the teaching staff. America entered the war, however, within a short time and the plans were dropped until last spring. When the Committee began work again, the first step was a full study of the University. This investigation was made by members of the Committee and graduates during the Old Grads' Summer School in July. Every department of the University was carefully studied in connection with the economic and social developments in the last five years. As a result, it became perfectly clear to members of the Committee that the original figure was entirely too low; that more money than this must be raised not only to keep the University going forward but to prevent it from slipping back.

"The amount which we seek is large. It is absolutely necessary in the form of unrestricted funds. The first important need is a 50 per cent. increase in the salaries of the teaching staff, which has been struggling along with truly admirable self-denial on the scale established 14 years ago. For this we must raise no less than $12,000,000, to yield an income of $600,000. It is fair to say that 90 per cent. of the teachers of the University can not live without personal sacrifice on the salaries paid them as teachers.

Mobile Fund Advocated.

"Next, the University needs a permanent mobile fund of $1,000,000, to yield an income of $50,000. This fund would be kept unpledged to meet emergencies which arise requiring special work, or to obtain exceptional teachers. Harvard is more seriously handicapped than people generally realize, a state of affairs which is strikingly illustrated in the fact that of the income from the invested funds of the University in the last fiscal year, amounting to $1,664,153.34, only about eleven per cent., or $178,772.86, was unrestricted. The balance was tied up by the donors to specific objects and could not be expended to meet general needs.

"Furthermore, the University, believing that the physical welfare of her students is just as important as their mental and moral welfare, has established compulsory physical education. To pay for the instructors, an income of $12,500 is needed, or an endowment of $250,000.

"Another important need is $1,000,000 to furnish an income of $50,000, for the Dental School. This money would be devoted to the payment of teachers in the school, 80 per cent. of whom are now unpaid, giving their services for nothing.

Must Develop Industrial Chemistry.

"The war has emphasized the need of the development of industrial chemistry. Scientists also say that the greatest opportunity for scientific developments within the next 25 years lies in chemistry. It is important to build up the chemical department of the university; for the purpose of employing new professors and instructors; an endowment of $1,000,000 furnishing $50,000, is necessary.

"These needs alone total $15,250,000.

"Although America has made tremendous strides in education, the need and the opportunity are greater today than ever before for this work. Harvard desires to found a Graduate School of Education. The General Education Board has pledged $500,000 provided a fund of $2,000,000 is raised. $500,000 more is available leaving $1,000,000 more to be raised. With the starting of this school, Harvard will do a tremendous work in training teachers for the educational systems of America.

"If Harvard is to take part in the development of chemistry, two new laboratories are needed; these will cost $1,000,000.

Lack of Unrestricted Funds.

"The Harvard Endowment Fund is seeking first of all to raise money for unrestricted funds and not for construction purposes. Therefore in the campaign it is laying stress only on the $15,250,000 which is needed for endowment and the other needs are mentioned to indicate what the University, must have to go forward".

A table showing the income and capital necessary for various purposes has been prepared by the committee, as follows:

A 50 per cent salary increase, income $600,000; capital $12,000,000.

Mobile fund to be kept unpledged to meet opportunities which arise for special work or the obtaining of exceptional teachers, income $50,000; capital $1,000,000.

For salaries of instructors for physical education, income $12,500; capital $250,000.

For salaries of teachers in Dental School, 80 per cent of whom are now unpaid, income $50,000; capital $1,000,000.

For necessary additions to staff in the Department of Chemistry, income $50,000, capital, $1,000,000.

Total, income $762,500; capital $15,250,000.