PROTEST TRANSFER OF McKAY FUND TO M. I. T.
President Eliot Testified Yesterday In Suit Regarding Bequest of 22 Millions.
The Trustees of the Gordon McKay Fund protested yesterday against the transfer by the University to M. I. T. of the $22,000,000 fund that was left to Harvard under the will of Gordon McKay. The case came up before the Massachusetts Supreme Court yesterday afternoon. The University and M. I. T. have agreed to the transfer of this fund, which was bequeathed for the purpose of founding a school of applied science, but the Trustees of the Fund question the legality of the transfer.
President Eliot testified yesterday that he visited Mr. McKay at Newport in 1891 and that as a result of that visit, Mr. McKay willed funds to the University.