U. S. educators perpetually talk poor mouth. Nevertheless, one-seventh
of all public moneys goes to public education, and for educational
purposes the Carnegie Corporation alone disgorges $6,000,000 a year,
the Rockefeller General Education
Board another $9,400,000. In addition, educative projects are far more
often benefited in the wills of rich men than any other type of
philanthropy. Biggest educational windfall since 1924 when Tobaccoman
James Buchanan ("Buck") Duke established his Duke
Endowment (present value approximately $53,000,000), dropped last week
in Manhattan when the will of Banker Charles Hayden (TIME, Jan. 18) set...
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