OCR Text |
Show The Catholic University, THE educational world "will learn with ho little surprise that the . .. Catholic . university at Washington Washing-ton is in financial straits. A number of its professors have been dropped because be-cause of a lack of funds, and its condition con-dition is causing a feeling of alarm and regret in the circles of that church. This Institution was founded on a charter from the pope, and was intended in-tended to be a great denominational university for the propagation of learning. learn-ing. It had an endowment ot $2,500,000, of which $1,500,000 was invested in the building, leaving only ' $1,000,000 from which a revenue could be derived. The contributions from the various bishoprics bishop-rics of the United States have not been as large as was expected. There have been some internal dissensions in its faculty and management, resulting from racial feeling as between Germans, Ger-mans, Italians and Irishmen. As a consequence the most rigid retrenchment retrench-ment has been rendered necessary, and this is certain to injure its usefulness as an educational factor. Much as this condition of affairs is to be regretted, it may be noted as an additional illustration illus-tration of the fact that money is a very necessary part of a big educational education-al establishment. It must have a sufficient suf-ficient endowment, or an ample income from some source in order to meet the demands for salaries, equipment and all the facilities now required by a modern institution of learning or it will fail. The financing of a great college col-lege and university-, rather than the instruction it gives, has become the real burden resting upon its executive officers. |