College has in grounds, buildings and productive endowment the sum of
$12,000,000, with an income in 1892 of $978,881.92. Columbia College
claims $13,000,000, with an annual income of $629,000. The estimated
value of the funds of Cornell College is $9,000,000, with an annual
income of more than $400,000, and Johns Hopkins University has
$5,000,000 endowment. In 1892, Yale College had $4,019,000, with an
annual income of $520,246. The Northwestern University has nearly
$3,000,000 endowment and an annual income of $225,000. Boston
University has more than $1,500,000 endowment and an annual income of
$160,000. Chicago University is one of our youngest universities, and
yet it has in property and endowment $7,500,000. These are only a
small portion of the 415 colleges and universities in this country
whose aggregate wealth and income are a source of satisfaction to all
the friends of higher education.

The munificence of the wealthy men of this nation in behalf of higher
education has excited the surprise and admiration of the old world.
Within the last quarter of a century nearly seventy-five million
dollars has been given for this cause. We recall with satisfaction
some of these distinguished donors: George Peabody left $6,000,000 of
his estate to the cause of education; Isaac Rich, $1,000,000 to Boston
University; Johns Hopkins, $3,140,000 to found a university in
Baltimore which bears his name; Asa Packard gave $3,000,000 to Lehigh
University; D. B. Fayerweather left a bequest of nearly $3,000,000 to
various colleges; Cornelius Vanderbilt gave $1,000,000 to the
Vanderbilt University; John C. Green gave $1,500,000 to Princeton
College; Amasa Stone, $600,000 to Adelbert College; George I. Seney,
$450,000 to Wesleyan University; Matthew Vassar, $800,000 to Vassar
College for women; John D. Rockefeller's gifts to the Chicago
University aggregate $4,500,000, and Leland Stanford's estate will
yield from $12,000,000 to $15,000,000 for the university that bears
his name on the Pacific Coast. These men and a host of others will be
remembered through succeeding generations for their generous
liberality. The wisdom of these noble benefactions commends itself to
the enlightened judgment of all good citizens. We believe, with
President Schurman, that "the heart behind American wealth is at the
bottom generous and discerning, and so long as money can foster
intelligence, that heart will not suffer our civilization to become a
prey t