In 1889 the late great Joseph Pulitzer, publisher of the famed New York World, established a scholarship fund for poor boys. Mr. Pulitzer's plan horrified practical citizens. Chauncey Depew predicted that Mr. Pulitzer's pampered scholars would end as paupers.
Since then, ten or twelve penniless New York City boys have been chosen (by examinations) each year for the scholarships—$250 a year for four years (plus free tuition if they go to Columbia University). All told, 551 boys (mostly sons of immigrants) were chosen. In these boys a round $1,000,000 was invested. A Columbia...
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