Johns Hopkins University - Hullabaloo Yearbook (Baltimore, MD)

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February 22, 1876, and the University opened for work October 3, 1876. The Hospital, which he also endowed with about f3I5OO,OOO, is to co-operate with the University in educating the people. The condi- tion was that it should relieve the poor, irrespective of creed, color or race, but that there should also be provision at the Hospital for those who might be able to pay. The grounds for the Hospital cover about thirteen acres, and the Hospital was formally opened May 7, 1889. Besides the University and Hospital, johns Hopkins also founded an Asylum for Colored Children who have lost their parents, or only one parent, or in exceptional cases children who are not orphans but may be in need of charity. It can be seen from this sketch that Johns Hopkins was a true friend to all, irre- spective of color or race, and many cases can be found where he helped industrious people to improve their condition. Many business men also owe their success to the advice and money of Johns Hopkins. M. 325, 975' V. if N .0 f- R 'f3?l12ixl9ji2i ef T20

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Here he showed such zeal and industry that in a short time he gained the full confidence of his uncle and made many friends. Two years later Gerard T. Hopkins was compelled to make a long trip, and had such confidence in johns that to him was entrusted the entire business. On his uncle's return it was found that his nephew had, through his natural shrewdness, done much better than was even expected. In ISIQ. seven years after leaving home, having accumulated about 5800, and his uncle promising to endorse for him, he entered into partnership with another young man, B. P. Moore, in the grocery business. This partnership was dissolved three years later when he formed partnership with his two brothers, and so founded the house of Hopkins Brothers. from which he retired in 1847 after twenty-live years of success. After this he engaged in the banking business and was elected President of the Merchants' Bank. This pcsition he held at the time of his death, as also a directorship in several other banks. Mr. Hopkins was also much interested in railroads, particularly in the Baltimore and Ohio, of which he was a director. ln 1855 he was chosen chairman of the Finance Committee of that road. Two years later, when the Baltimore and Ohio became financially embarrassed, owing to its branch roads, it was johns Hopkins who endorsed its notes in full, and so risked his entire fortune. But he saved the company. Again, in 1873, he risked 52,000,000 of his stock, and advanced f900,000 to the Baltimore and Ohio in order to allow them to pay their interest in cash while other companies issued scrip. He had so much confidence in this company that he alone owned between 15,000 and 17,000 shares of its stock, and it was this stock which, after his death, was bequeathed to the University and caused the trustees so much uneasiness last year. Johns Hopkins, after an industrious career and beloved by all, died in Baltimore December 24, 1873, at the age of seventy-eight years. 8 His estate was estimated at about ,'5I0,000,000, of which he left about 7,000,000 to the University and Hospital, and the balance partly to his relatives and partly for other designated purposes. He was not married. 3 The endowment for the University was unconditional with these exceptions. The capital cannot be used for building, and the University shall be unsectarian and free from political control. The entire gift of the University consisted of Clifton Cjohns Hopkins's residencej, which contains about 330 acres of land, 15,000 shares of Baltimore and Ohio Railroad stock, and other securities to the amount of f750,000. The entire endowment is estimated at about f3,000,000. The University was incorporated by johns Hopkins and twelve of his friends on the 24th of August, 1867. The public exercises attending the inauguration of its President took place I9

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CONllVlEIVlORATlON DAY. The john Hopkins University celebrated its fourteenth anniversary February 22, 1890, by public exercises at the Mt. Vernon M. E. Church and an Alumni Reunion in Hopkins Hall. The students, professors and invited guests marched in procession to the church at half-past ten o'clock. Dr. E. M. Hartwell was the chief marshal, Dr. Edward Renouf assistant marshal, and there was a large number of aids. Dr. Hartwell led the procession, escorted by the freshmen, junior and senior classes. Then came the trustees, the faculty, personally invited guests and oflicers of other institutions of learning, led by Dr. Renouf, and followed by the Alumni, the fellows by courtesy, and the candidates for degrees, fellows and graduate students. The 22d of February has become a gala day for the under- graduates. While the procession was forming the Class of ,QI rushed the Class of ,92, and seized their colors, which were floating on a cane, but the valiant freshmen recovered them after a hard fight. On Monument street the dignified graduate class inveigled an organ- grinder into the ranks. At the entrance of the church the under-graduates divided into two ranks, and the students removed their hats while the dignitaries marched through. Among those present in the church, which was crowded to overfiowing, were, besides the faculty and trustees, who occupied seats on the platform, Messrs. Teackle Wallis, ex-Mayor F. C. Latrobe, Dr. Lewis Steiner, Lewis N. Hopkins, Professor VVood- row VVilson, Reverdy Johnson, Enoch Pratt, Judge Morris, F. D. Morrison, Charles Markell, Dr. Sanford of Clark University, Rev. J. Lefevre, Rev. Dr. Tuttle, General John S. Berry, Andrew Reid, Henry C. Wagner, joseph Merreiield, Daniel Holliday, John Gill, Dr. H. M. Hurd, Dr. W. S., Halsted, Dr. N. H. Morrison, E. H. Perkins, L. Turnbull, Eugene Levering, Dr. H. M. Wilson and Rev. Dr. J, Grammer. The exercises began at eleven o'clock and lasted until after one o'clock. k Acting President Remsen read a letter of greeting from President Gilman, dated Taormina, Sicily, and then proceeded to make a forcible speech, in which he gave a review of the year, and discussed the needs of the University. He gave figures, showing the enormous expenditure involved in the support of other American and German. universities, and, making the point that such institutions cannot stand still, but must expand, indicated the large field for the philanthropic enterprise of those noble men who desire to see their wealth bear fruition in great works. Dean Griffin delivered an oration, in which was considered his- torically the influence of universities on the external world, and which, for scholarly insight and masterly arrangement, cannot be suiiiciently praised. The exercises were intersbersed with musical selections from Gaul's Quintet. On the conclusion of the public exercises the Alumni of the University and invited guests proceeded to Hopkins Hall, where a social gathering was held. 21