Show NEW NEN CAMPUS fOR YALE I IMs Ms Mrs Russel Russell Sage Gives the University ity t to Complete Pur Purchase chase of Proper Property New Haven Haven Conn Dc Dee mont ment was made tonight of an offer by Mrs Rusel Russell Sage to Yale University ol of a gift ot of to meet the entire cot cost ot of securing the park at the head ot of otHU HU Hilt Ho House e avenue kown known as tI the Sachem Wood este estate or Hl Hill House property The offer wU will b be accepted Mrs Sages letter ot of gf gift under dat date ot of December Saes 2 23 19 1909 say says A As a descendant ot of Abraam Abraham Pierson the first president of Yaye I have an ancestral Interest In that unIversity I have know known for some time of the efort effort to obtain for Yae Yale the Sachem Wood or Hilt House estate as a new campus and andI I know how Important It seems to many member members ot of the corporation and faculty to do so at this particular tm for need needed needed ed development on broad university lines I understand that th this property was bought about four years ago sUbject to a large lage mortgage by a a gup group ot of public spirited graduates who undertook to car carry carry ry It ut until a donor could be found who woud would transfer I it without debt to the university I wl will be pleased pleaded i if agreeable to the corporation to pay It its cost which I un Understand to amount with interest and caring carrying charges to and to pro pre present sent It to the university as a gift from fromme mo me without condition or restriction pay payment meat ment to be made on or before February 1 net next The property was purchased In 15 1205 by three Yale graduates who undertook to hold I it until a donor could be found or until the unIversity funds should be cut suf sufficient to meet the cost cost Three New York Otto T Banard Bannard Wilm William H Barnum and Clarenc Clarence H Kelsey are tm tern trustees Gifford Pinchot and his associates advanced the money |