CHAPTER XXIV

ROCKS, STORMS, AND PERIL—1868-1874

Thus far I have dwelt especially upon the steady development of the university in its general system of instruction, its faculty, its equipment, and its daily life; but it must not be supposed that all was plain sailing. On the contrary, there were many difficulties, some discouragements, and at times we passed through very deep waters. There were periods when ruin stared us in the face—when I feared that my next move must be to close our doors and announce the suspension of instruction. The most serious of these difficulties were financial. Mr. Cornell had indeed endowed the institution munificently, and others followed his example: the number of men and women who came forward to do something for it was astonishing. In addition to the great endowments made by Mr. Cornell, Mr. Sage, Mr. McGraw, Mr. Sibley, and others, which aggregated millions, there were smaller gifts no less encouraging: Goldwin Smith's gift of his services, of his library, and of various sums to increase it, rejoiced us all; and many other evidences of confidence, in the shape of large collections of books and material, cheered us in that darkest period; and from that day to this such gifts have continued.

Some of the minor gifts were especially inspiring, as showing the breadth of interest in our work. One of them warmed my heart when it was made, and for many years afterward cheered me amid many cares. As Mr. Sage and myself were one day looking over matters upon the grounds, there came along, in his rough wagon, a plain farmer from a distant part of the county, a hard-working man of very small means, who had clearly something upon his mind. Presently he said: ``I would very much like to do something for the university if I could. I have no money to give; but I have thought that possibly some good elm-trees growing on my farm might be of use to you, and if you wish them I will put them in the best condition and bring them to you.'' This offer we gladly accepted; the farmer brought the trees; they were carefully planted; they have now, for over twenty years, given an increasing and ever more beautiful shade to one of the main university avenues; and in the line of them stands a stone on which are engraved the words, ``Ostrander Elms.''

But while all this encouraged us, there were things of a very different sort. Could the university have been developed gradually, normally, and in obedience to a policy determined solely by its president, trustees, and faculty all would have gone easily. But our charter made this impossible. Many departments must be put into operation speedily, each one of them demanding large outlay for buildings, equipment, and instruction. From all parts of the State came demands—some from friends, some from enemies—urging us to do this, blaming us for not doing that, and these utterances were echoed in various presses, and re<e:>choed from the State legislature. Every nerve had to be strained to meet these demands. I remember well that when a committee of the Johns Hopkins trustees, just before the organization of that university, visited Cornell and looked over our work, one of them said to me: ``We at least have this in our favor: we can follow out our own conceptions and convictions of what is best; we have no need of obeying the injunctions of any legislature, the beliefs of any religious body, or the clamors of any press; we are free to do what we really believe best, as slowly, and in such manner, as we see fit.'' As this was said a feeling of deep envy came over me: our condition was the very opposite of that. In getting ready for the opening of the university in October, 1868, as required by our charter, large sums had to be expended on the site now so beautiful, but then so unpromising. Mr. Cornell's private affairs, as also the constant demands upon him in locating the university lands on the northern Mississippi, kept him a large part of the time far from the university; and my own university duties crowded every day. The president of a university in those days tilled a very broad field. He must give instruction, conduct examinations, preside over the faculty, correspond with the trustees, address the alumni in various parts of the country, respond to calls for popular lectures, address the legislature from time to time with reference to matters between the university and the State and write for reviews and magazines; and all this left little time for careful control of financial matters.

In this condition of things Mr. Cornell had installed, as ``business manager,'' a gentleman supposed to be of wide experience, who, in everything relating to the ordinary financial management of the institution, was all-powerful. But as months went on I became uneasy. Again and again I urged that a careful examination be made of our affairs, and that reports be laid before us which we could clearly understand; but Mr. Cornell, always optimistic, assured me that all was going well, and the matter was deferred. Finally, I succeeded in impressing upon my colleagues in the board the absolute necessity of an investigation. It was made, and a condition of things was revealed which at first seemed appalling. The charter of the university made the board of trustees personally liable for any debt over fifty thousand dollars, and we now discovered that we were owing more than three times that amount. At this Mr. Cornell made a characteristic proposal. He said: ``I will pay half of this debt if you can raise the other half.'' It seemed impossible. Our friends had been called upon so constantly and for such considerable sums that it seemed vain to ask them for more. But we brought together at Albany a few of the most devoted, and in fifteen minutes the whole amount was subscribed: four members of the board of trustees agreed to give each twenty thousand dollars; and this, with Mr. Cornell's additional subscription; furnished the sum needed.

Then took place one of the things which led me later in life, looking back over the history of the university, to say that what had seemed to be our worst calamities had generally proved to be our greatest blessings. Among these I have been accustomed to name the monstrous McGuire attack in the Assembly on Mr. Cornell, which greatly disheartened me for the moment, but which eventually led the investigation committee not only to show to the world Mr. Cornell's complete honesty and self- sacrifice, but to recommend the measures which finally transferred the endowment fund from the State to the trustees, thus strengthening the institution greatly. So now a piece of good luck came out of this unexpected debt. As soon as the subscription was made, Mr. George W. Schuyler, treasurer of the university, in drawing up the deed of gift, ended it with words to the following effect: ``And it is hereby agreed by the said Ezra Cornell, Henry W. Sage, Hiram Sibley, John McGraw, and Andrew D. White, that in case the said university shall ever be in position to repay their said subscriptions, then and in that case the said entire sum of one hundred and sixty thousand dollars SHALL BE REPAID INTO A UNIVERSITY FUND FOR THE CREATION OF FELLOWSHIPS AND SCHOLARSHIPS in the said university.'' A general laugh arose among the subscribers, Mr. McGraw remarking that this was rather offhand dealing with us; but all took it in good part and signed the agreement. It is certain that not one of us then expected in his lifetime to see the university able to repay the money; but, within a few years, as our lands were sold at better prices than we expected, the university was in condition to make restitution. At first some of the trustees demurred to investing so large a sum in fellowships and scholarships, and my first effort to carry through a plan to this effect failed; but at the next meeting I was successful; and so, in this apparently calamitous revelation of debt began that system of university fellowships and scholarships which has done so much for the development of higher instruction at Cornell.

So far as the university treasury was concerned, matters thenceforth went on well. Never again did the university incur any troublesome debt; from that day to this its finances have been so managed as to excite the admiration even of men connected with the most successful and best managed corporations of our country. But financial difficulties far more serious than the debt just referred to arose in a different quarter. In assuming the expenses of locating and managing the university lands, protecting them, paying taxes upon them, and the like, Mr. Cornell had taken upon himself a fearful load, and it pressed upon him heavily. But this was not all. It was, indeed, far from the worst; for, in his anxiety to bring the university town into easy connection with the railway system of the State, he had invested very largely in local railways leading into Ithaca. Under these circumstances, while he made heroic efforts and sacrifices, his relations to the comptroller of the State, who still had in his charge the land scrip of the university, became exceedingly difficult. At the very crisis of this difficulty Mr. Cornell's hard work proved too much for him, and he lay down to die. The university affairs, so far as the land-grant fund was concerned, seemed hopelessly entangled with his own and with those of the State: it seemed altogether likely that at his death the institution would be subjected to years of litigation, to having its endowment tied up in the courts, and to a suspension of its operations. Happily, we had as our adviser Francis Miles Finch, since justice of the Court of Appeals of the State, and now dean of the Law School—a man of noble character, of wonderfully varied gifts, an admirable legal adviser, devoted personally to Mr. Cornell, and no less devoted to the university.

He set at work to disentangle the business relations of Mr. Cornell with the university, and of both with the State. Every member of the board, every member of Mr. Cornell's family,—indeed, every member of the community,— knew him to be honest, faithful, and capable. He labored to excellent purpose, and in due time the principal financial members of the board were brought together at Ithaca to consider his solution of the problem. It was indeed a dark day; we were still under the shadow of ``Black Friday,'' the worst financial calamity in the history of the nation. Mr. Finch showed us that the first thing needful was to raise about two hundred and fifty thousand dollars, which could be tendered to the comptroller of the State in cash, who, on receiving it, would immediately turn over to the trustees the land scrip, which it was all-important should be in our possession at the death of Mr. Cornell. He next pointed out the measures to be taken in separating the interests of the university from Mr. Cornell's estate, and these were provided for. The sum required for obtaining control of the land scrip was immediately subscribed as a loan, virtually without security, by members of the board then present; though at that depressing financial period of the country strong men went about with the best of securities, unable to borrow money upon them. In a few days Mr. Cornell was dead; but the university was safe. Mr. Finch's plan worked well in every particular; and this, which appeared likely to be a great calamity, resulted in the board of trustees obtaining control of the landed endowment of the institution, without which it must have failed. But the weeks while these negotiations were going on were gloomy indeed for me; rarely in my life have I been so unhappy. That crisis of our fate was the winter of 1874. The weather was cold and depressing, my family far off in Syracuse. My main refuge then, as at sundry other times of deep personal distress, was in work. In the little southwest room of the president's house, hardly yet finished and still unfurnished, I made my headquarters. Every morn- ing a blazing fire was lighted on the hearth; every day I devoted myself to university work and to study for my lectures. Happily, my subject interested me deeply. It was ``The Age of Discovery''; and, surrounded with my books, I worked on, forgetful, for the time, of the December storms howling about the house, and of the still more fearful storms beating against the university. Three new lectures having been thus added to my course on the Renaissance period, I delivered them to my class; and, just as I was finishing the last of them, a messenger came to tell me that Mr. Cornell was dying. Dismissing my students, I hurried to his house, but was just too late; a few minutes before my arrival his eyes had closed in death. But his work was done—nobly done. As I gazed upon his dead face on that 9th of December, 1874, I remember well that my first feeling was that he was happily out of the struggle; and that, wherever he might be, I could wish to be still with him. But there was no time for unavailing regrets. We laid him reverently and affectionately to rest, in the midst of the scenes so dear to him, within the sound of the university chimes he so loved to hear, and pressed on with the work.

A few years later came another calamity, not, like the others, touching the foundations and threatening the existence of the university, yet hardly less crushing at the time; indeed, with two exceptions, it was the most depressing I have ever encountered. At the establishment of the university in Ithaca, one of the charter trustees who showed himself especially munificent to the new enterprise was Mr. John McGraw. One morning, while I was in the midst of the large collection of books sent by me from Europe, endeavoring to bring them into some order before the opening day, his daughter, Miss Jenny McGraw, came in, and I had the pleasure of showing her some of our more interesting treasures. She was a woman of kind and thoughtful nature, had traveled in her own country and abroad to good purpose, and was evidently deeply interested. Next day her father met me and said: ``Well, you are pressing us all into the service. Jenny came home yesterday, and said very earnestly, `I wish that I could do something to help on the university'; to which I replied, `Very well. Do anything you like; I shall be glad to see you join in the work.' '' The result was the gift from her of the chime of bells which was rung at the opening of the university, and which, with the additions afterward made to it, have done beautiful service. On the bells she thus gave were inscribed the verses of the ninety- fifth chant of Tennyson's ``In Memoriam''; and some weeks afterward I had the pleasure of placing in her hands what she considered an ample return for her gift— a friendly letter from Tennyson himself, containing some of the stanzas written out in his own hand. So began her interest in the university—an interest which never faltered.