Word: endowment
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...sweet smell of the world's biggest chocolate factory lay heavy on the surrounding countryside. Ever since the factory had begun to make big money, abstemious Founder Hershey had poured it out to make his people happy. Besides giving most of his corporation's common stock to endow a great orphan's school, he has built a neat, clean, grassy model town, provided it with model schools, stores, theatres, sporting grounds, community centre...
Letters from President Conant and ex-President Lowell in favor of the plan to raise $350,000 for a fund to endow a professorship in honor of Dean Roscoe Pound, were read at a meeting of the Council of the Law School Alumni Association last night...
...gift by Lamont, was to endow a chair for the first of the "roving professors" long advocated by President Conant. Under this system a man would be unhampered by departmental rules and would be free to "rove" from department to department and from the College to graduate schools, thus eliminating both the twilight zone between two divisions, and also the gaps where no courses are provided...
...Association has been conducting a drive for the money for some time, it was thought, but it is not definitely known whether a sufficient amount has been raised as yet to endow a chair...
...thought extremely probable that the fund will endow a chair dealing with the history of the Common Law, or some related subject, since that has been Dean Pound's speciality. It is also considered likely that if a sufficient fund can be raised in time, the first occupant of the new chair will assume his duties in September...