Two Gifts to University Announced

The University has just received a gift of $50,000 from Mr. Jacob H. Schiff, of New York, for the purpose of carrying on an excavating expedition in Palestine during the next five years for the benefit of the Semitic Museum. $10,000 will be used each year to meet the running expenses of the expedition, and an additional $5,000 has been given by Mr. Schiff for its equipment and organization.

Another gift to the University, of $100,000, from an anonymous benefactor has been announced for the endowment of the Department of the Ethics of Social Questions, on the condition that it shall be named the Francis Greenwood Peabody Endowment Fund. The significance of the gift is that it ensures the permanence of the courses of instruction in social and economic questions from the standpoint of ethics, the object for which Professor Peabody has made such memorable efforts during his professorship in the University.