(1876-1891).

BY DANIEL C. GILMAN.

FOUNDATION.

The year 1876 is commonly taken as the date of the foundation of the Johns Hopkins University, as in that year its doors were opened for the reception of students. On the twenty-second of February the plans of the University were publicly made known, and consequently "Washington's Birthday" has since been observed as an anniversary or commemoration day. But in reality the Trustees were organized nine years before. The founder, Johns Hopkins, as he saw the end of life approaching (although he continued in active business for several years afterwards), determined to bestow a large part of his fortune upon two institutions which he proposed to establish, a University and a Hospital. These establishments were to be managed by separate Boards of Trustees, citizens of Baltimore, whom he selected for their integrity, wisdom, and public spirit. In order that the two Boards might be closely allied, the founder was careful that a majority of the Trustees of one corporation should also be a majority of the Trustees of the other corporation, and in a letter which he left as the final expression of his wishes, he declared it to be his "constant wish and purpose that the Hospital should ultimately form a part of the Medical School of the University." The Hospital was opened for the reception of patients in May, 1889; and a volume which was prepared in the following year by Dr. J.S. Billings, gives a full description of the buildings, with other papers illustrative of the history and purposes of that great charity. But as the Medical School, which is to form the bond of union between the two establishments has not yet been organized, the following statements will only refer to those opportunities which are here provided for the study of science and literature, in the faculty commonly known as the faculty of philosophy and the liberal arts.

Before speaking of his gifts, a few words should be devoted to the memory of Johns Hopkins. This large-minded man, whose name is now renowned in the annals of American philanthropy, acquired his fortune by slow and sagacious methods. He was born in Anne Arundel county, Maryland, not far from the city of Annapolis, of a family which for several generations had adhered to the views of the Society of Friends. His ancestors were among the earliest settlers of the colony. While still a boy, Johns Hopkins came to Baltimore without any capital but good health, the good habits in which he had been brought up, and unusual capacity for a life of industrious enterprise. He began on the lowest round of the ladder of fortune, and by his economy, fidelity, sagacity, and perseverance he rose to independence and influence. He was called to many positions of financial responsibility, among the most important being that of President of the Merchants' National Bank, and that of a Director in the Baltimore and Ohio Railroad Company. He was a man of positive opinions in political affairs, yet he never entered political life; and although he contributed to the support of educational and benevolent societies he was not active in their management. In the latter part of his life, he dwelt during the winter in a large mansion, still standing on the north side of Saratoga street, west of North Charles street, and during the summer on an estate called Clifton, in Baltimore County. In both these places he exercised hospitality without ostentation. He bought a large library and many oil paintings which are now preserved in a memorial room at the Hospital. Nevertheless, his pursuits were wholly mercantile, and his time and strength were chiefly devoted to the business in which he was engaged,—first as a wholesale grocer, and afterwards as a capitalist interested in many and diverse financial undertakings. More than once, in time of commercial panic, he lent his credit to the support of individuals and firms with a liberality which entitled him to general gratitude. He died in Baltimore, December 24, 1873, at the age of seventy-nine years. He had never married. After providing for his near relations, he gave the principal part of his estate to the two institutions which bear his name, the Johns Hopkins University and the Johns Hopkins Hospital. Each of them received property estimated in round numbers at three and a half million dollars. The gift to the University included his estate of Clifton (three hundred and thirty acres of land), fifteen thousand shares of the common stock of the Baltimore and Ohio Railroad, and other securities which were valued at seven hundred and fifty thousand dollars.

Many persons have expressed surprise that Mr. Hopkins should have made so large an investment in one corporation. But the stock of the Baltimore and Ohio Railroad was free from taxation, for many years it paid a dividend of ten per cent. per annum, and the managers, of whom he was one, confidently anticipated that a large stock dividend would be declared at an early day. Mr. Hopkins not only gave to the University all the common stock that he held in this corporation; he also advised that the Trustees should not dispose of it, nor of the stock accruing thereon by way of increment or dividend. In view of the vibrations to which this stock was subjected during the fifteen years subsequent to the death of Mr. Hopkins, it should not be forgotten that it was his will that linked the fortune of the great educational institution, which he founded, to the fortune of another corporation, in which he had the highest confidence. Fortunately, the crisis into which this union led, has been successfully passed. The friends of the University generously subscribed for its support an "emergency fund" of more than $100,000. Other large gifts were made and others still are known to be in the future. The Trustees, moreover, have changed four-fifths of their holdings of the common stock of the railroad company above mentioned, into its preferred stock, from which a permanent income of six per centum will be derived. The finances of the University are now on a solid basis, although additional gifts will be required for the construction of buildings and for the enlargement of the course of study, and still more before a medical department can be instituted.

PRELIMINARY ORGANIZATION.

The Johns Hopkins University was incorporated under the laws of the State of Maryland, August 24, 1867. Three years later, June 13, 1870, the Trustees met and elected a President and a Secretary of the Board. They did not meet again until after the death of Mr. Hopkins, when they entered with a definite purpose on the work for which they were associated. They collected a small but excellent library of books, illustrating the history of the universities of this and of other lands; they visited in a body Cambridge, New Haven, Ithaca, Ann Arbor, Philadelphia, Charlottesville, and other seats of learning; they were favored with innumerable suggestions and recommendations from those who knew much about education, and from those who knew little; and they invited several scholars of distinction to give them their counsel. Three presidents of colleges gave them great assistance, answering in the frankest manner all the searching questions which were put to them by a sagacious committee. Grateful acknowledgments will always be due to these three gentlemen: Charles W. Eliot, LL. D., President of Harvard University, Andrew D. White, LL. D., President of Cornell University, and James B. Angell, LL. D., President of the University of Michigan.

INAUGURAL ASSEMBLY.

The election of a President of the University took place in December, 1874. He entered upon the duties of his station in the following spring, and in the summer of 1875, at the request of the Trustees, he went to Europe and conferred with many leaders of university education in Great Britain and on the continent. At the same time he visited many of the most important seats of learning. During the following winter the plans of the University were formulated and were made public in the Inaugural Address of the President, which was delivered on the 22nd of February, 1876, before a large audience assembled in the Academy of Music.