University of Virginia Library

Confirming the following telegram which I sent to you
under date of May 31st, 1921, -

I have pleasure in informing you that the General Education
Board, at the meeting held May 26th, took the following action:

in place of the appropriation of Fifty Thousand Dollars
($50,000) for the three years beginning July 1, 1921,
made February 24, 1921 for the same purpose, which is
hereby cancelled.

The above appropriation will be paid in cash on October
1st and April 1st of each year, unless you are advised to
the contrary. Shortly before October 1st a form of requisition
will be sent you for you to kindly fill out and
return to us.

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.

It is difficult for me to express to you and, through
you, to the Board, the appreciation the University has for
the action taken May 26th. It was a handsome action which
this institution will never forget, and I am authorized to
extend, on behalf of the Board of Visitors, as well as the
alumni, the grateful appreciation of the University of
Virginia for their action. I understand perfectly the
nature of the gift as set forth in detail in your letter
of June 1st, I approve heartily of that method of giving,
and of the purpose involved in the gift. I shall cause

your letter to be spread upon our minutes, in order that
the money given shall be used for precisely the purpose
indicated.

I was able to announce a total of $1,500,000 as the
net result of our strivings during the spring months.
$200,000 of this sum was given as an independent gift for
specific reasons, but given for endowment. This is not
so bad for this period of deflation and depression.

Assuring you of our gratitude and good will, I am,

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:-

1. This capital sum of $200,000 shall be setaside solely
for the endowment for the School or Department designated,
and the interest on it shall be used for the support of this
school or department and for no other purpose.

2. This endowment of $200,000 shall be treated as a gift
independent of the Centennial Endowment Fund, and not subject
to any charges falling upon or connected with that fund.

3. This endowment shall be placed in trust for the
Rector and Visitors of the University of Virginia in the
United States Trust Company of 45 Wall St., New York, and the
interest on the capital sum shall be paid by the United States
Trust Company of New York, to the Rector and Visitors for the
purposes indicated.

Assuring you of my unfailing interest in the growth of

of the University of Virginia, and of my particular interest
in the developments of well organized courses for the teaching
of commerce and finance and for the proper preparation
of young men for the opportunities, duties, and responsibilities
of business life, I am,

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.

After some discussion of various possible methods of
selecting an architect, a motion was adopted to the effect
that several distinguished Virginia alumni who were architects
should be invited to act as a commission, along
with an outside, preferably Mr. Peadbody, of New York, and
Professor Kimball of the University, in deciding upon the
general plans for the building, the detail work and drafting
to be done by the University School of Architecture under
the direction of Professor Kimball. It was further resolved
that a nominal fee, of perhaps $500, should be offered each
of the gentlemen on the commission, and a somewhat larger
fee to Professor Kimball in view of the more extensive
work which he would be required to do under the plan.
Dr. Lambeth was instructed to communicate with the architect
to see if they would assent to the plan.

The subject of the site was then taken up and after
discussion of several different possibilities, a committee
consisting of Dr. Alderman, Dr. Lambeth, Mr. Duke and Mr.
Michie was appointed to meet the Board of Trustees of the
Y. M. C. A. to consult with them as to the possibility
of securing the site now used by the Y. M. C. A. for
Tennis courts. Dr. Lambeth as asked to arrange this meeting.

The Committee then adjourned.

The Board of Directors of the Y. M. C. A. of the University
of Virginia, Inc., hereby resolves to convey to the Rector

and Visitors of the University of Virginia that parcel of
land extending from Rugby Road to Madison Lane and from
the north boundry of the Association property to the line
of the northern-most backstop of the tennis courts, being
a rectangular strip of land approximately 300 × 100 ft. for
the following consideration and under the following donditions,
to wit:

1. Cash consideration of ($5,000) Five Thousand Dollars.

2. Condition that this land be used for the erection
and maintenance of a gymnasium or other University
purpose.

3. Condition that the Rector and Visitors assume the
responsibility for the operation of the present Y. M. C. A.
tennis courts, collecting such fees for the use of these
courts as they may deem it necessary to impose.

4. Condition that if the Y. M. C. A. of the University
of Virginia, Inc. desires the use of that portion of its
property now used for tennis courts for any other purpose
the Rector and Visitors of the University agree to give up
this land on one years notice.

5. Condition that the Rector and Visitors of the
University of Virginia guarantee to the Y. M. C. A. of the
University of Virginia, Inc. the perpetual right of way
for a sewer line across said property to be conveyed and also
assume financial responsibility for making any change
in the present sewer which may be rendered necessary by the
erection of the proposed building.

This transfer is not complete until and unless these
conditions are complied with.

WHEREAS the Committee on Heating, consisting of
John Stewart Bryan, Fred W. Scott, W. R. Duke, has
carefully considered on May 27th, 1921 the various reports
and p;ans for heating the University submitted by Wiley
and Wilson, Whitehurst, Professor Hancock, and E. J.
Willis, chairman of the Governor's Board of Mechanical
Survey, and

WHEREAS the Committee is of the opinion that the
site for future development should be located at the present
new site and that supervision of the plant and choice of
the system should be put under the Department of Engineering
subject to the ratification of the Rector and Board of
Visitors, now therefore be it

RESOLVED, That the Rector and Board of Visitors approve
the choice of the new site for the development of a Central
Heating Plant, and further that the Engineering Department,
to-wit: Messrs. Thornton, Newcomb, Rodman, Miller and Hancock,
be appointed as the committee in charge of such
development, subject to the approval of the Board, and
further in the specific case before the Rector and Board
of Visitors be it resolved that the committee above designated
be authorized to expend the sum of $60,000 in the development
of the new site as a Central Heating Plant subject to
the approval of the details of such extension by the Committed
on Heating, with further authority to said committee
to retain such expert assistance as to such committee may
seem desirable.

WHEREAS, By Act of March 26, 1918, the General Assembly of
Virginia authorized the presentation to the Government of
Great Britain by the Commonwealth of Virginia of a replica,
or copy in bronze, of the Houdon statue of George Washington,
to be made from moulds owned by the State, under the
direction of and to be presented by a commission composed
of the Governor, Lieutenant-Governor, and Speaker of the
House of Delegates, or such person or persons as they might
designate to represent them, and the Clerk of the House of
Delegates, who should act as Secretary of said commission, and
made an appropriation for that purpose; and

WHEREAS the Governor of Virginia appointed as Chairman
of said commission, in his room and stead, Dr. Edwin A.
Alderman, the President of the University of Virginia; and

WHEREAS, at the time contemplated for the presentation
of the statue, by reason of circumstances which in his
opinion required that he should give his whole strength and
time to the services of the University of Virginia in connection
with the raising of the Centennial Endowment Fund, and
to the duties demanded of him by the celebration of the One

Hundredth anniversary of the foundation of the University,
President Alderman unselfishly and patriotically has
declined the distinguished and honorable office thus conferred
on him, and has surrendered the opportunity of making
the voyage to Great Britain and of presenting this gift
of the Old Dominion to the Mother country:

RESOLVED, by the Rector and Visitors of the University
of Virginia, that they make record on their minutes of the
deep regret which they feel of the deprivation on the part
of the Commonwealth of the services of President Alderman
in the performance of this notable function, and their
profound appreciation of his selfsacrifice in declining
through a sense of unselfish devotion and patriotic loylaty
to the interests of this University an office which he would
have conspicuously adorned.

RESOLVED, That this resolution be spread on the minutes
of the Board, and that a copy signed by the Rector and
attested by the Secretary be presented to Dr. Alderman with
the assurance of the admiration and affectionate regard
of the Rector and Visitors.

The degree of Bachelor of Arts or of Bachelor of
Science respectively will be conferred on regular students,
who have completed not less that 63 session hours of undergraduate
courses, taken in conformity with the following
programme:

(1) Required subjects:- Candidates for either cultural
degree must take 33 hours of required subjects as stated
below, three hours of which must be Physical Training. Of
the remaining 30 hours not less than 24 hours must be taken
during the first two years and the remaining 6 hours not
later than the third year.