Excerpt from The International Monthly, Vol. 4: A Magazine of Contemporary Thought; July-December, 1901
He comes to me, he said, for my money and my advice, and like the women in the Scripture, the one is taken, and the other left.
A donor may indicate the general purpose to which his gift shall be devoted. He has no right to dictate the specific views which shall be inculcated under that general purpose. Wherever founders, donors, or charters have ventured to prophesy, evil has resulted. Wise as was Johns Hopkins, and great as was his gift, how much wiser he would have been, and how much more useful would have been his gift, had he not tied hls institution to the uncertain fortunes of the Baltimore 8: Ohio Railroad. Much as Clark University under its able president has been able to accomplish, it would have done five times as much if the founder had merely given his gift in cash, and turned over all questions of building, equipment, personnel, and curriculum to the president and the very competent board of trustees whom he selected. Other institutions have failed to get financial support because the founders have been supposed to carry the keys of the safe in their pockets.
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