TABLE 39.-Endowment and funds functioning as endowment, by institution, year ended June 30, 1958-Continued Includes capitalization of the Haggin fund portion of the endowment, which is carried 2 Data are for fiscal year ended Aug. 31, 1958. on the books of the institution at a nominal value of $1. Includes the A. & M. College of Texas' share of the permanent university fund. Dr. DERTHICK. The highest would be Minnesota. Mr. PATEROS. Minnesota received for that fiscal year an income on invested funds of $1,145,771. Washington received $133,957. North Dakota received $87,512. Here is one that is close-Michigan-$74,175. Some of the very low ones are: Delaware, $2,554; Kentucky, for the Kentucky State College, $1,256; the University of Maryland, $3,310; and Rhode Island, $2,131. Mr. JENSEN. How about Iowa? Mr. PATEROS. Iowa received $15,299. Mr. PATEROS. Ohio received $31,451. Mr. PATEROS. North Carolina-the State College of Agriculture and Engineering, $7,500. Mr. THOMAS. Massachusetts? Dr. DERTHICK. Is not there another college in North Carolina? Mr. PATEROS. Yes, but it does not show any income for that year. Mr. THOMAS. What was the income received for the two combined? Mr. PATEROS. For North Carolina it does not show any income for the Agriculture and Technical College. Mr. THOMAS. What about Massachusetts? Mr. PATEROS. In Massachusetts I have two. The Massachusetts Institute of Technology and the University of Massachusetts received a total of $10,950. Mr. THOMAS. What about New York State? Mr. PATEROS. Cornell University is the land-grant college there and it received $34,429. Mr. THOMAS. California? Mr. PATEROS. The University of California received $29,081. Mr. PATEROS. Pennsylvania State University, $25,000 even. Mr. THOMAS. It looks like, gentlemen, two-thirds of the States do not even receive $75,000. Mr. JONAS. Will you yield to me at that point, Mr. Chairman? Mr. THOMAS. Yes, but before I do so, I have just one more question: This was originally set up where each State would receive practically the same amount, was it not? Dr. BABBIDGE. It depended upon congressional representation, Mr. Chairman. Mr. THOMAS. That is right. I overlooked that each Member of Congress, plus the two Senators, got 30,000 acres of land? Dr. BABBIDGE. Yes, sir. Of course, the historical variations depend on whether or not the institution held the land which Minnesota didit turned out that there was iron under the land-or whether they sold it at prevailing land prices. Mr. THOMAS. The point is that the average State does not receive $35,000. Mr. JONAS. Suppose we let the record show that $6 million at 32 percent interest would produce $183,000, which is far more than most of the States receive. Mr. THOMAS. I figured it at a flat $3 million. Dr. BABBIDGE. I think in fairness to the University of Hawaii, I should try and repeat for you the statements that have been made to us. Their feeling is that if 90,000 acres of public land-which is what their entitlement would be under the original Land-Grant Act—were available to them in the State of Hawaii, that would be worth Mr. THOMAS. But the act specifically said they did not get it in their own States. Dr. BABBIDGE. No, sir; to be taken within the State, if available within the State. Mr. THOMAS. But it was not mandatory to be taken within the State. Dr. BABBIDGE. I believe it was mandatory if Mr. THOMAS. There is not public domain land in all of the States of the Union. Dr. BABBIDGE. A good many of the States had insufficient public domain within the State and, therefore, they went outside the State. Mr. THOMAS. The practical answer is what the 47 States are receiving now. Dr. DERTHICK. We could give you an exact figure on that average. Mr. THOMAS. Well, we have put that table in the record already. Thank you very much, gentlemen. Dr. DERTHICK. Thank you very much, Mr. Chairman. (The following was submitted for the record later:) Total Alabama. Alaska. Arizona.. Arkansas. California. Colorado Connecticut. Delaware.. Florida.. Georgia Hawaii. Idaho. Illinois. Indiana. Iowa Kansas. Land-grant colleges-Endowment income from land-grant funds Kentucky Louisiana.. Maine. Michigan.. 1, 120, 043 Missouri 1, 120, 043 Mr. THOMAS. The next item for the consideration of the committee, gentlemen, is the request for the two universities which are listed here, Gallaudet College and Howard University to cover pay increases. The amount requested for Gallaudet College is $82,400 and for Howard University it is $400,400, contained in Senate Document 118. Let us take up the request for Gallaudet College first. |