THE LAGGING ENDOWMENT DRIVE
Speaking of campaign funds, it is possible that the enormous sums raised for the furtherance of Presidential candidacies have been swelled by contributions from alumni of our own University. It is reasonable to assume that in many cases such contributions have been greater than those which the aforementioned political "angels" have made to the Endowment Drive of their Alma Mater.
At any rate, the completion of the Endowment Fund has seemed to lag deplorably in the past few months, while ambitious statesmen have lured the shekels of their supporters into their campaign officers. The drive which was inaugurated last fall with a goal of fifteen millions seems to have lost its velocity upon reaching the twelve-million mark.
The business man who makes out checks in favor of king-makers and modern Warwicks makes a poor investment--the chance that he will strike a gold mine is small, and one to be deplored from a public point of view; to say that the motive is unalloyed patriotism may evince considerable doubt from practical cynics.
Professor Taussig would probably doubt that the capital invested in political funds was invested in the production of wealth; but capital invested in the Harvard Endowment Fund will create wealth for future generations. The drive is eighty per cent completed. Let all Harvard men join in the chorus, "Sure! We'll finish the job!"