The Goose-step: A Study of American EducationSinclair, Upton
History
The Goose-step: A Study of American Education
Sinclair, Upton
Education -- United States; Universities and colleges -- United States
How rich in their own right are the particular Money Trust lords who run
this great University it is not possible to determine, because these
gentlemen, for the most part, keep their affairs secret. But in the list
of those who have died during twenty-two years we have means for an
estimate, for the property of many of these was listed in the probate
courts of New York and appraised by the transfer tax appraisers. A study
of these records has been made by Henry R. Linville, president of the
Teachers’ Union, and he has courteously placed the manuscript at my
disposal. There are twenty-one trustees who have died and been
appraised, and the list of their stocks and bonds fills a total of
twenty-three typewritten pages, and shows that the total wealth on which
they paid an inheritance tax amounted to one hundred and seventy-three
million dollars, an average of over eight million each. I note among the
list five members of the clergy of Jesus Christ, and I am sure that if
He had visited their parishes He would have been delighted at their
state of affluence—He could hardly have told it from His heavenly courts
with their streets of gold. The poorest of these clergy was Bishop
Burch, who left $37,840; second came the Reverend Coe, who left $80,683;
next came the Reverend Greer, who left $172,619; next came the Reverend
Dix, rector of Trinity, who left $269,637; and finally, Bishop Potter,
my own bishop, whose train I carried when I was a little boy, in the
solemn ceremonials of the church. I was dully awe-stricken, but not so
much as I would have been if I had realized that I was carrying the
train of $380,568. Such sums loom big in the imagination of a little
boy; but they don’t amount to so much on the board of a university where
you associate with the elder Morgan, who left seventy-eight millions,
and with John S. Kennedy, banker of the Gould interests, who left
sixty-five millions.
Public-domain text, read in full here on John Shaqi.
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