Word: honorarium
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...confer a degree upon the first lady of the land just at this time. After Christmas, Dr. Murlin, honorably released (TIME, Oct. 6), leaves Boston University to assume the presidency of his alma mater, De Pauw University (Greencastle, Ind.). Last week, the Boston trustees voted Dr. Murlin an honorarium of $5,000 in appreciation of a 13-year administration during which the University grew from a body of 1,347 students to one of over 12,000. At the same time, the trustees appointed as Dr. Murlin's temporary successor Bishop William F. Anderson, prelate of the Boston area...
...McCosh is to remain president of Princeton until Commencement. He will then have an annual honorarium of $2,500, with the privilege of teaching in the School of Philosophy...