A
Gift to the University
In June 19, 1925, the Chairman (of the Board of Trustees) presented
the communication at right from Mr. Julius F. Stone of Columbus,
a member of the Board of Trustees, but now in Europe:
Julius F. Stone
Stone
Lab, Gibraltar Island |
|
June
19, 1925.
To the Honorable
Board of Trustees, The Ohio State University:
With the enormous
increase in population and with no indication of any diminution
it seems quite inevitable that human life will sooner or later press
against the limit of subsistence, consequently
every source of food supply must not alone be conserved, but developed,
therefore with a pardonable desire to make some contribution toward
that end, I herewith through you offer the Ohio State University
a deed for Gibraltar Island as a permanent home for the "Lake Laboratory."
The only condition I impose is that it shall remain the property
of the University, also that it be devoted to the purposes and uses
of teaching and research.
There can be no doubt that the Great Lakes (and especially Lake
Erie, because of its shallow depth) will always be a source of large
food supply. Even though at present owing to unwise exploitation
it shows a marked decrease, I see no reason why intelligent study
and wise regulation flowing therefrom should not result in greatly
increasing the permanently available harvest. To this end, I am
hoping the University will make, as it should, the largest contribution.
This Laboratory will now possess the most favorable location in
Ohio, possibly even the entire Great Lake basin and if the ability
for research provided by the University should fail to measure up
to the opportunity then and then only will my present action prove
to have been unwise.
Since no one can foresee the trend of future development, it may
be that a time will come when this property shall no longer be of
use for the purpose at present in mind, if so, and it is sold as
provided in the deed herewith, I suggest that the Board permit the
funds so received to remain intact in the State Treasury until the
annual income therefrom be at least equal to the maximum salary
then paid to any professor in Ohio State University and thereupon
the Board of Trustees with such proceeds endow a chair in the University
in the name of my father Franz Theodore Stone. Should the sum received
from such sale be at once sufficient for the purpose the Board is
requested to establish such permanent professorship immediately.
While it is my wish that such chair so endowed shall be either in
Physics, Chemistry, Biochemistry, or such other line of constructive
effort both in teaching and research (especially research) I desire
the Board to feel free to use this bequest so that in the exercise
of its judgment my sincerity of purpose to help in the progress
of science shall not be unjustified.
My experience as a member of the Board assures me that whatever
is entrusted to its keeping will not fail of consummation through
any lack of fair, intelligent, and honest administration.
Secure in this happy faith, I am Very sincerely,
(Signed) JULIUS F. STONE.
Upon motion, Mr. Stone's gift was accepted and the following resolution
was unanimously adopted:
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