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1Author:  University of Virginia Board of VisitorsRequires cookie*
 Title:  Board of Visitors minutes  
 Published:  1921 
 Subjects:  University of Virginia Library, Text collection | UVA-LIB-Text | UVA-LIB-BoardOfVisitorsMinutes 
 Description: A special meeting of the Rector and Visitors was held on this date at which were present the Rector John Stewart Bryan, and Visitors Dillard, Duke, Greever, Hatton, Robertson and Scott. Confirming the following telegram which I sent to you under date of May 31st, 1921, - Please pardon my delay in making formal answer to your telegram of May 31st, but I have been in the midst of Centennial, and this is the morning after. In pursuance of our conference, I beg you will convey to the Rector and Visitors my purpose, if it be in accord with their wishes, to give the sum of $200,000 for the establishment and maintenance within the University of Virginia of a School or Department of Commerce and Finance, utilizing as far as possible the basis of such School or Department now in existence. The purpose of this school or department shall be to give such training for the career of business as will give our youth knowledge and skill in that field, and will inculcate in them those habits of economy and integrity upon which our whole economic life depends. The conditions I deem it wise to put upon this gift are the following:- I had the honor to transmit your communication of May 30th, to the Rector and Visitors at their annual meeting on May 31st, 1921. The farseeing gift which it announces was accepted by them unanimously and with deep appreciation of the wisdom of the purpose for which the endowment is intended. I was directed by them to express to you their apprediation and gratitude for this new manifestation of your wisdon and beneficence. They begged me to assure you that they were accepting this gift mindful of all the conditions named by you which they consider wise and helpful conditions. It will be their purpose to carry out your wishes rigidly and to seek by all just means to develop the great new department which this endowment makes possible in the life of the University. I need not assure you of my own personal appreciation of the greatness and wisdom of your services to this institution in its effort to serve the youth of this and other generations. The Committee appointed by the Board of Visitors of the University of Virginia to investigate and report upon a site and plans for the proposed new gymnasium met at the president's office at 3 P. M., April 30th, the following gentlemen being present: Dr. Alderman, Dr. Lambeth, Mr. Robertson, Mr. Duke and Mr. Michie. Mr. Bryan and Dr. Warren were unable to attend. Dr. Lambeth was asked to act as chairman of the committee and Mr. Michie as secretary.
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