Yale's Griswold Sees Ivy Financial Danger

The existence of the privately-endowee University depends on finding new sources of income immediately, President A. Whitney Griswold of Yale said yesterday in his annual report to the alumni.

Earlier, speaking at Princeton, he said Harvard, Yale, and Princeton "exemplify the last outpost of private education in the world," but added "they face a trying economic period in which they must look to their alumni to help them financially."

The problem of the private university Griswold stated, is not one of mere survival, but rather "how we can continue as a private institution to render the service the nation deserves and expects of us."

The report refers specifically to Yale but Griswold stated that the analysis applies to private universities thoughts the country.