Julius F. Stone |
The Chairman (of the Board of Trustees) presented the following communication from Mr. Julius F. Stone of Columbus, a member of the Board of Trustees, but now in Europe: 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, |
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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, Upon motion, Mr. Stone's gift was accepted and the following resolution was unanimously adopted:
Herewith follows a copy of the deed for the above property from Mr. Stone to the Ohio State University:
Know All Men by These Presents: That Julius F. Stone of the City of Columbus, County of Franklin, and State of Ohio, in consideration of the sum of One Dollar and other valuable considerations to him paid by the State of Ohio, the receipt whereof is hereby acknowledged, does hereby grant, bargain, sell, and convey to the said State of Ohio, its successors and assigns forever, the following real estate, situated in the County of Ottawa and State of Ohio, and bounded and described as follows, to wit: THE WHOLE ISLAND OF GIBRALTAR situated in Put-In-Bay, Lake Erie, Ottawa County, Ohio, aforesaid, between South and Middle Bass Islands with the Mansion House and its contents of furniture and library of books and all other personal property of every description now in said building or elsewhere upon said Island, together with all out buildings and other improvements. Subject, however, to the right, if any, of the Perry Monument Association otherwise known as the "Battle of Lake Erie Monument Association" started in Sandusky about the year 1859; Being the same Island that Jay Cooke, Jr., Charles D. Barney, and J. Horace Harding, executors of the last Will And Testament of Jay Cooke by deed dated April 18, 1905, And recorded in Volume 60, page 624, Ottawa County Deed Records, granted and conveyed unto Laura E. C. Barney in Fee, and afterwards, transferred by the Trustees of her estate To the grantor herein. The above described property is deeded to the grantee for the purpose of providing, under the direction and control of the Board of Trustees of the Ohio State University, a permanent site for an aquatic laboratory to be used primarily for biological research and teaching, and for such other scientific investigation as the Board of Trustees of the Ohio State University may from time to time direct. It is a further condition of this deed that if at any time the property herein granted shall cease to be used for the purposes above authorized, said property shall be sold and conveyance made by said Board of Trustees of the Ohio State University, and the proceeds of such sale shall be paid into and become a part of the general endowment fund of Ohio State University. To Have and to Hold, said premises, with all the privileges and appurtenances thereunto belonging, to the said State of Ohio, its successors and assigns forever. And the said Julius F. Stone, for himself and his heirs, does hereby covenant with the said State of Ohio, its successors and assigns, against the lawful claims of all persons whomsoever. In Witness Whereof, The said Julius F. Stone and Edna A. Stone, his wife, who hereby releases her right of dower in the premises, have hereunto set their hands this 9th day of June, in the year of our Lord one thousand nine hundred and twenty-five (1925).
Signed and acknowledged in
the presence of:
THE STATE OF OHIO, (ss.) Be It Remembered, That on this 9th day of June, A.D. 1925, before me, the subscriber, a Notary Public in and for said County, personally came the above named Julius F. Stone and Edna A. Stone, the grantors in the foregoing Deed, and acknowledged the signing of the same to be their voluntary act and deed, for the purposes therein mentioned. In Testimony Whereof, I have hereunto subscribed my name and affixed my official seal, on the day and year last aforesaid.
(Signed) H. B. SPAIN,
THE OHIO STATE UNIVERSITY
GEORGE W. RIGHTMIRE BOARD OF TRUSTEES HERBERT S. ATKINSON, Columbus....... Mar. 17, 1925 May 13, 1927 EGBERT H. MACK, Sandusky............ Dec. 12, 1922 May 13, 1928 JOHN KAISER, Marietta............... Feb. 25, 1915 May 13, 1929 *JULIUS F. STONE, Columbus.......... Mar. 17, 1925 May 13, 1930 LAWRENCE E. LAYBOURNE, Springfield.. May 14, 1921 May 13, 1931 HARRY A. CATON, Coshocton........... May 14, 1925 May 13, 1932 * Also served as Trustee May 28, 1909, to March 21, 1917.
Secretary of the Board
C. F. KETTERING
O. E. BRADFUTE |
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