STEVENS INSTITUTE OF TECH NOLOGY, is located at Castle Point, Hoboken, N. J. It was founded in 1870 by Edwin A. Stevens, who bequeathed about two acres of land, $150,000 for buildings, and $500,000 for an endowment for °an institution of learning?) The trustees decided that the new °institution° should be a college of mechanical engineering and in 1871 it was opened to students, being the first college course in America devoted to mechanical engineering and the first to give the degree of °Mechanical Engineer?' The founder, himself an engineer of achievement, was the son of John Stevens and the brother of Robert L. Stevens both famous in the early annals of American engineering. The Institute offers but one course of study for all students, requiring four years and leading to the degree of M.E. It has bestowed the honorary degrees of Doctor of Philosophy, Doctor of Science and Doctor of Engineering on prominent scientists and engineers. The subjects taught are basic in both science and economics and are designed to produce successful men in electrical, civil, chemical hydraulic and other branches of prac tical engineering, as well as in mechanical engi neering. In addition to the lecture and class room subjects in science and business princi ples, the Institute maintains a foundry, black smith shop, machine shop, carpenter shop, draft ing rooms, physical, chemical, electrical and experimental engineering laboratories in all of which there are organized courses which every student must pursue. During the entire four years the student is under the supervision of a physical director and is required to report twice a week for individual and class exercise. Henry Morton, Ph.D., LL.D., Sc.D., was the first president, being succeeded at his death in 1902 by Alexander C. Humphreys, M.E., Sc.D., LL.D. The Institute is governed by a board of 20 trustees, eleven of whom are Stevens gradu ates. Three of these serve as representatives of the Alumni Association for temporary pe riods of three years each. The principal in creases in 'pounds, buildings and endowment have been: a total of $145,000 from Henry Mor ton for current uses, 1871-1902; grounds and buildings from Mrs. E. A. Stevens valued at
$30,000, 1897; a laboratory of engineering and an endowment amounting to $350,000 from An drew Carnegie, 1899-1911; land .valued at $15,000 from Robert L. Stevens, 1905; $90,000 in the form of contributions from the Alumni toward the Morton Laboratory of Chemistry which was dedicated in 1906; a total of T26,000 from Dr. Edward Weston for extension of plant; $80,000 secured by President Humphreys from friends of the college, toward purchase of Castle Point property, 1910-1913; 1,385,000 from an intensive campaign for subscriptions in 1915, of which Andrew Carnegie gave $250,000, the Rockefeller Foundation, $250,000; William Hall Walker, $100,000, the remainder coming from alumni and friends. With these and other gifts the entire plant now includes about 23 acres situated on elevated ground on the bank of the Hudson River immediately over looking New York City and harbor. It in cludes five large buildings used for instruction purposes, one of these being a large and well equipped gymnasium constructed in 1916, from the subscription of William Hall Walker given expressly for this purpose. Stevens Castle, for several generations the home of the Stevens family, was secured in 1911 and is now used as a dormitory and social centre. The endowment funds in 1917 amounted to $1,625,000 and the entire plant was valued at about $2,800,000. The Institute offers 28 free scholarships of which 10 are available each year. Four of the schol arships are open to all, their presentation being in the control of the president of the college; the remainder are in the gift of specially des ignated schools, or of organizations that have provided funds for the endowment of scholar ships. There is a special loan fund for stu dents who need financial assistance. Six prizes, ranging from twenty dollars to fifty dollars, are offered each year for proficiency in chemistry, physics, general scholarship and ac complishment in student activity as measured by the upbuilding of character and its influence on student life.