Education: Rich Texas

Two million acres of land may or may not be a gift of immense value to an educational endowment fund. A few years ago officials of the University of Texas thought that it was not worth so overwhelmingly much. The land, mostly in western Texas, was about to be sold for a song—almost any song. Then suddenly an enterprising alumnus suggested that the property might contain oil; events have proved that it does. Texan newspapers are already headlining UNIVERSITY OF TEXAS RICHEST IN WORLD!

Last week a few cold figures came to light....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!