Untitled - eCommons@Cornell - Cornell University
Untitled - eCommons@Cornell - Cornell University
Untitled - eCommons@Cornell - Cornell University
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6 CORNELL UNIVERSITY REGISTER<br />
and appropriating to it the income of New York's share of the land-<br />
grant fund. The founder's broad conception of a university was<br />
reconciled with the narrower purpose of the Act of Congress by means<br />
of a provision in the charter that, besides such branches of learning<br />
as are related to agriculture and the mechanic arts, "such other<br />
branches of science and knowledge may be embraced in the plan of<br />
instruction and investigation pertaining to the university as the<br />
proper."<br />
trustees may deem useful and In the same liberal spirit it<br />
was provided in regard to the board of trustees that "at no time shall<br />
;"<br />
a majority of the board be of one religious sect or of no religious sect<br />
in regard to professors and other officers, that "persons of every reli<br />
gious denomination or of no religious denomination shall be equally<br />
appointme<br />
eligible to all offices and<br />
and in regard to students,<br />
that the <strong>University</strong> should admit them "at the lowest rates of ex<br />
pense consistent with its welfare and<br />
ly<br />
efficiency,"<br />
and more particular<br />
that it should "receive students to the number of one each year<br />
from each assembly district in this State. . .free of any tuition<br />
fee. . .in consideration of their superior ability and as a reward for<br />
superior scholarship in the academies and public schools of this<br />
State."<br />
Ezra <strong>Cornell</strong>'s direct gifts to the <strong>University</strong> were five hundred<br />
thousand dollars, two hundred acres of land with useful buildings,<br />
and several smaller gifts for special purposes. His largest benefac<br />
tion came in the form of profits eventually made by the <strong>University</strong><br />
on land scrip that he purchased from the State. The State Comp<br />
troller had sold no more than 76,000 acres in the autumn of 1865,<br />
when Mr. <strong>Cornell</strong> bought 100,000 acres for $50,000 on condition that<br />
all the profits accruing from the sale of the land should be paid to<br />
<strong>Cornell</strong> <strong>University</strong>. That purchase was but the beginning of Mr.<br />
<strong>Cornell</strong>'s great operation in land for the <strong>University</strong>'s benefit. In<br />
April of 1866 the Legislature passed "an act to authorize and facilitate<br />
the early disposition by the Comptroller of the lands or land scrip<br />
States."<br />
the United The Comptroller was<br />
donated to this State by<br />
authorized to sell scrip at not less than 30 cents an acre to the trustees<br />
of <strong>Cornell</strong> <strong>University</strong>, or, if they did not purchase, to anybody who<br />
would give proper security that the whole net profits from the sale of<br />
the lands would be paid to <strong>Cornell</strong> <strong>University</strong>. The trustees were not<br />
able to make the purchase. Mr. <strong>Cornell</strong> agreed to take the scrip at<br />
30 cents an acre, or 60 cents an acre, the market value, if he realized<br />
so much as that in the sale of the land. He made the following stip<br />
ulation in a letter to the Comptroller: "I shall most cheerfully accept<br />
your views so far as to consent to place the entire profits to be derived<br />
from the sale of the lands to be located with the college land scrip in<br />
the treasury of the State, if the State will receive the money as a<br />
separate fund from that which may be derived from the sale of the<br />
scrip, and will keep it permanently invested, and appropriate the<br />
proceeds from the income thereof annually to the <strong>Cornell</strong> <strong>University</strong>,<br />
subject to the direction of the trustees thereof for the general purposes