Salt Lake Telegram | 1906-04-16 | Page 1 | Aged Philanthropist on Eighty-Sixth Birthday Plans Year's Good Work

?:7:::":-::::.iffisa?ssTOfi:: CHICAGO, April 16.-Danlel K. , Pearsons, Pear-sons, millionaire and benefactor of small colleges, celebrated yesterday the eighty-sixth eighty-sixth anniversary of his birth His wife died a sliort time ago, but In spite of the absence of his .life-long adviser, he aar-rlt aar-rlt d out his Invariable custom of making plans for the year's philanthropy. Last year Ir. Pearsons aldert nine small colleges In- elcht different States,, each receivlrii? either $-".(wO or JSO.OuO, on condition con-dition that the college raise three times the amount. He hits placed only two Institutions In-stitutions on his llHt this year Newbury college in Houth Carolina and Doane college col-lege in" Nebraska each to receive $23,000 on r""r""i tt It rn'?" I5."r. "I am going .to stop now," he explained, "and rest for six or eight months. I'll spend the time finding out whether the forty colleges I have aided have Kept their endowments Intact. If they have spent them or turned them over to any other purpose they will hear from me. "I want to teach the colleges good business busi-ness principles, and I'm going after them with a sharp stick. I do as much good in teaching these people the value of economy and the sacred ness of endowment endow-ment as I do with my money." . Dr. Pearsons has helped forty-two institutions in-stitutions In twenty-four States, the endowments, en-dowments, .including the amounts raised in order to meet Pr. Pearsons' conditional renohlne a total of about $1 5.000. OOP.