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Eleven thousand dollars have been subscribed to the Senior Class Fund, with only a few solicitors heard from, it was announced last night. This sum includes the contributions of the men who left at mid-years.
The men who left at mid-years, interviewed personally by the Class Treasurer, took out policies amounting to $4,300. Of the 165 men living at home, to whom letters have been sent requesting them to come to the Crimson Building to see the Class Treasurer, only six have so far complied. The few incomplete reports so far turned by members of the Committee amount to some $5,000.
Letters were sent yesterday morning to 150 former members of the Class of 1924, asking for their support in the drive. The policies so far subscribed have included several of $500 and $1,000. None have been more than $1,000.
First Gift in 1904
The first class gift was made in 1904 at the 25th reunion of the Class of 1879, which gave $100,000 for the purpose of building a stadium at Soldiers Field. Every class since then has made a gift, never less than the first precedent, which was increased last year to $150,000. The gifts are now unrestricted in their use by the University. The present drive for $150,000 in endowment insurance will be over at the end of this week.
In commenting recently to a CRIMSON reporter on the importance of the class gift, Mr. Arthur Drinkwater, secretary of the class of 1900, said, "Harvard needs all the unrestricted funds she can get. The class gifts are indispensable, and the class of 1924 is doing a great thing in starting now to raise the money."
The secretary of the class of 1901, Mr. J. O. Procter declared that "the gift is one of Harvard's traditions. A poor gift brands the class as inferior and its members are a poor lot." Members of the class of 1899, which will present its gift in June of this year at its 25th reunion, have all agreed that the gift is the most important act of a class after its graduation. Most members of the class of 1898 which set the new mark of $150,000 last year, rank the gift ahead of both undergraduate and later accomplishments.
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