Word: moneyed
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Dates: during 1890-1899
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...proceeds will go to the support of the freshman crew, and the more money secured, the less call will have to be made upon the class. Attendance at the concert will make a pleasant method of subscription...
Immediately upon approaching the subject of scholarships, one stumbles across questions of practicability. Scholarships ought to be given to those students who most need money and who are likeliest to be useful in the active life of the world after graduation. This much is plain. But the question comes: is not college rank the only practicable test for determining distribution of scholarships...
...answer this, it must clearly be remembered that, in order to give scholarships to the best advantage, two questions ought to be answered with regard to each applicant: First, what will be his usefulness in after life; secondly, how much money does he need to enable him to secure a college education. We believe that the first question cannot be answered definitely and that the attempt to answer it by reference to college rank is particularly disastrous. Who can tell, or who even honestly thinks he can tell, of how much use a student will be in after life...
Leaving out of consideration those scholarships by the terms of which certain individuals are given preference, the scholarships are today awarded in this wise. All applicants must first establish their need for money; then scholarships are assigned to them according to rank. That is to say, the question of need is made the basis for forming a general group, and the the group is subdivided minutely on the question of future usefulness. This is manifestly absurd. Future usefulness, since it is so largely an unknown quantity, may be taken as a basis for a general group, but nothing more. Needs...
Given in this spirit, the money becomes a trust to be treated with the closest consideration of the purposes for which it was given. The money is meant not as prizes for good college work, but as aids to the education of college men. To make the allotment of the money depedent so largely as it now is upon the rank of students in college work is to mistake means for end. The college career is not to be considered except in so far as it foreshadows future usefulness. Plainly college work is not ultimate, but only preparatory...