e time
and who felt the need of such training. In the second place, classes
were instituted in such special departments as were most likely to be
useful and most evidently in demand; and with regard to these the demand
and the evidence of usefulness were followed as guides in determining
the extent of the facilities offered, up to the capacity and means of
the institution.

De Morgan, in his "Budget of Paradoxes," tells of an old fellow who,
wishing to have a chair that would fit him perfectly, sat for a while on
a mass of shoemaker's wax, which he then carried to a worker in wood,
and instructed him to "make a seat like that!" This homely illustration
indicates the manner in which the special classes of the Cooper Union
have been established, enlarged, and regulated, to meet the evident
demands of its constituency. It is pleasant to know that the future
means and sphere of the institution will be enlarged under the same wise
management.

FOOTNOTES:

[7] Not all of this amount is represented in permanent endowments, since
large contributions to cover deficits in annual income as compared with
current expenses, or for special repairs and alterations, do not appear
under that head. According to the balance-sheet of January 1, 1900, the
total assets consist of $1,075,428.62, the appraised value of the
building, furniture, and apparatus; and $947,021.39 in cash on hand or
investments,--making a total of $2,022,450.01. Of the invested sum
$953,159.30 is in "special endowments," of which the income only can be
expended. This fund comprises $200,000 from Peter Cooper and $340,000
from the family of the late William Cooper, his brother; the remainder
is made up of smaller gifts (the chief of which are a bequest of $30,000
from Wilson G. Hunt, one of the original trustees, and $10,000 each from
Mary Stuart, J. Pierpont Morgan, Morris K. Jesup, and John E. Parsons),
and one of $300,000 made in December, 1899, by Andrew Carnegie. In
addition to the aggregate thus made up Hon. Edward Cooper, the son, and
Mr. Abram S. Hewitt, the son-in-law of Peter Cooper, have undertaken to
furnish a further income of $10,000 per annum; and finally, according to
the 41st Annual Report of the Trustees (May, 1900), the Cooper Union, as
residuary legatee under the will of the late John Holstead, will
ultimately receive between $200,000 and $300,000.

These recent additions to the endowment of the institution will enable
the trustees to enlarge i