Last week Yale's President James Rowland Angell took as the main theme of his annual report a problem which has lately brought many a sleepless night to many a U. S. university executive. Wrote he:
"Current social and political trends, accentuated, if not directly provoked, by the economic depression, contain a menace for the great endowed institutions. . . .
Counting among their number the most venerable and many of the most important of our universities, they have owed their power to assemble great bodies of scholars, to create great libraries and laboratories and museums, very largely to the gifts of...
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