Word: defrayed
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Dates: during 1890-1890
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...American Baptist Educational society to the effect that he would donate $600,000 as a nucleus for a college endowment fund. The conditions of his gift were that the money should not be used for purchasing a site or erecting buildings, but that the income should be used to defray current expenses. He also stipulated that $400,000 additional should be raised to be used for general purposes and the remainder to become a part of the endowment fund. Mr. Marshall Field has given ten acres of land valued at $100,000, for the site of the university. This gift...
...imitation of a custom in Cambridge, England, of naming the last man on the junior appointment list, the "wooden spoon." The faculty finally put a stop to the wooden spoon entertainments in 1870. The first junior promenade, however, was held under that name in 1851. It was originated to defray the expenses of the band that played at the junior exhibition and was so successful that it became a settled thing. The promenades now require such a lavish expenditure that it is understood that several members of the faculty thing it unwise to permit them to be continued...