Word: morgans
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
President Charles William Eliot's personal papers, released this year on the fiftieth anniversary of Eliot's death, show that Eliot tried in 1903 to bilk the financier J. Pierpont Morgan out of nearly a quarter of a million dollars to finance the construction of Harvard Medical School buildings...
...Morgan had already pledged $1.1 million for the construction of three new buildings at the Medical School when Eliot wrote him in April 1903, informing him that because "prices for materials and labor have risen considerably," the buildings could actually cost more than $1.3 million...
Eliot did not directly ask Morgan to raise his contribution, but an appeal for more money was certainly strongly implied; Eliot asked Morgan if he would sanction building the Med School additions out of brick and stone instead of the grander marble that Morgan was expecting...
Eliot's last-minute appeal to Morgan was not, however, as sincere as it sounds--the cost overruns on the buildings were not unforeseen, but the result of a deliberate collaborative effort between Eliot and the buildings' architects to raise the costs of the buildings...
...summer of 1902 the architects, the venerable Boston firm Shepley, Rutan and Coolidge, readjusted plans for the five buildings along those lines Eliot outlined, trying to plan a move, for instance, of the Comparative Pathology Department into a Morgan building...