Word: funding
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Dates: during 1920-1929
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...Washington, President Hoover described the appearance of Halterophora capitata as "a grave emergency." He called upon Congress to authorize the transfer, from the Department of Agriculture's boll weevil fund, of $4,250,000 to fight the Florida fly. The House complied promptly, last week. The Senate took its time...
Since the free pension list was closed in 1915, the foundation hoped to close its books by 1973, it was announced by Clyde Furst, the secretary of the foundation. At the rate that the money of the fund has been pouring out in the last eight years, the fund would have been exhausted...
Even financial experts have their moments of carelessness, especially when their problem is an administrative one extending over long periods and concerned with large investments. The multifold philanthropy of that most generous Scotchman, Andrew Carnegie, is suffering now in one of its branches through the realization that the pension fund is running rapidly low. As a result the Foundation feels obliged to swing suddenly from the prodigal to the closed-purse. Harvard, with a large percentage of the men who benefit by the fund, suffers the hardest blow. The rather violent readjustment of amounts to be paid in the future...
...with no little satisfaction that one learns that the University intends itself to compensate the losses potentially undergone by the grantees of the fund. There need be as yet no timbrels and harps resounding for the recovery of the personal element in mechanically-directed Harvard; still, the employment of some of the famed $100,000,000 in this very direct way is pleasing. Though there continues to be discussion about the salaries of active professors, the policy of the University in regard to its great men of old must be approved...
After Harvard declined the fund, "feeling that the corporation would be unable to apply it in accordance with the desires of the testator," other institutions interested in eugenics and relatives of Dr. Mears sought to be awarded the money. The award to Jefferson was made because the court held it was qualified in every way to carry out the directions of the donor as expressed in his will...