Ogden Evening Standard | 1910-12-10 | Page 8 | Football Money Goes to Columbia

FOOTBALL MONEY GOES TO COLUMBIA New York, Dee. 10. Probaldy the last echo of Columbia university 8 foot-hall foot-hall iias comes in an announcement that a trust fund of $1m.iiiiu, which was put by when football wnsNabol-ihed wnsNabol-ihed live years apo, has reverted to the university trustees The, actual abolishment of football at Columbia took place Jan. 1, r.mi;. On that date .$H"i,iMio. the balance remaining lu the football association's treasury, was placed in the hands of a committee which was direeled lo keep the Hm invented and apply ibe income auni allv to Columbia athletics. The trust was not to continue longer long-er than the lirot d;iy of January. J911. In case football was not resioied, and the trustees were directed by the association as-sociation to pay the fund over 'o the trustees of tho college, who nre bound to devote the income to alhlelica. Football not having oeen resumed, the university will now receive the principal of the fund. It Is directed "that If at any lime during the continuance con-tinuance of the trust the track team arid the university crew should cease to take part in Infrcolleglato sports, then the whole of said Interest shall be paid annualh- for the general uses of Columbia university." The fund ls Invested to yield an annual income of $ I7n,