you here, from year to year, I may see that you are doing the work of
the world as I think you ought to do *it."
Another fund, to which some sentiment was attached, increased slightly
in 1915. Gifts to the L. P. Kinnicutt loan fund, aggregating $520,
were made by Mrs. Kinnicutt, L. P. Kinnicutt and George I. Alden,
which with interest on loans, built the fund to about $1,500. An
additional loan fund was established that year when Mrs. M. P. Higgins
turned over to the Institute notes for loans that she had made to
former students. These and gifts from a few individuals were the
nucleus of the Institute loan fund.
Professor Alden continued to show his interest in numerous ways,
particularly in connection with the hydraulics laboratory at Chaffins,
which had been his conception in 1894. He had given funds for the
erection of a new low-head laboratory and had followed with interest
experiments carried on there. It was fitting that in May, 1915, the
Trustees should have voted to name this plant the Alden Hydraulic
Laboratory. Later that year, T. Edward Wilder, '74, donated an
additional parcel of land adjoining the property.
The condition imposed by the State grant of 1912, that the Institute
must increase its property holdings by $350,000 within five years in
order to secure the annual appropriation from 1917 to 1922, was
fulfilled in October, 1915. At that time Dr. Gage presented to Charles
G. Washburn a detailed statement of additional funds and real estate
that had been acquired, amounting to more than $300,000. Mr. Washburn
immediately made good his pledge of $50,000, designating it the
Charles Francis Washburn fund, a memorial to his father, and giving
permission for its use as a building fund if at any time the Trustees
should wish to expend it for that purpose.
The Institute debt, represented by notes due the bank, reached a high
level of $58,000 in 1914. By operating economies during the succeeding
two years, this indebtedness was reduced to $40,000. In the process of
changing over the