Word: surplus
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Dates: during 1900-1909
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...concluding portion of his report, the President briefly explains the financial policy of the Corporation. That policy is to spend every year all available resources. To avoid deficits invariably would mean to aim deliberately at an annual surplus, and to keep sufficient reserves to guarantee that annual surplus. This cautious policy, which is appropriate to an industrial or commercial establishment, the President and Fellows think not to be best in an educational and charitable institution. Accordingly they believe that the University should be conducted as a grow- ing, changing, expanding organization, losing here, but gaining there, and always turning...
...friends of Mrs. Louis Agassiz, who have already collected a fund of $116,465.37 for the purpose. It was originally planned to have the structure cost only &100,000, but the present high price of materials may make a larger outlay necessary. In case there is any surplus left after the building is paid for, it will probably be devoted to furnishing the interior or invested to help pay the running expenses after completion...
...reported that by the will of Mary Putnam Ropes of Salem, the University will receive a bequest of Boston and Maine railroad common stock to endow the Nathaniel Ropes Professorship of Political Economy. The surplus, if any, is to go to the Peabody Museum. A second bequest from the same source of one-half the interest of an annuity bend of the Massachusetts Hospital Life Insurance Company, is to establish the Nathaniel Ropes; Jr., fund, the purpose of which is not stated. At present it is impossible to estimate the value of these bequests...
...Corporation and the Law Faculty agreed that it was expedient to postpone the erection of the building. There is room in the northern wing of the building, formerly occupied by the Lawrence Scientific School, to store the accessions to the Law Library for, perhaps, four years. Meantime the annual surplus of the School can be accumulated to cover the extra cost of the new building...
...year's accounts of the Dental School show a deficit of $5,345.53 instead of the habitual surplus of preceding years. This was due in part to a reduction in the number of students, and in part to a reduction of fees at the infirmary. It emphasizes the fact that the School needs and deserves an endowment...