CALIFORNIA AND WESTERING SUN 297 



incident to my position which were probably worth 

 $500 more. Thus during the later years I was re- 

 ceiving the equivalent of $4,500 per year. The 

 cost of living was much less than now-a-days ; our 

 habits of life were simple and, in spite of the fact 

 that we gave our children every educational ad- 

 vantage, we always saved something as we went 

 along. By judicious investments, mostly in first 

 mortgages on small properties at moderate in- 

 terest, I have amassed in the course of my life 

 about $60,000, all of which I have now given to 

 my children. After I left Cornell the Carnegie 

 Foundation gave me a pension of $1,700 a year. 

 It is now the joke among them that " Father can- 

 not spend his income " for I find my pension more 

 than enough for my needs and am again accumu- 

 lating a little in the bank. 



I was more fortunate than many present-day 

 professors, in receiving a fair salary quite early in 

 life and still more so to be among the first Ameri- 

 can teachers to have my services recognized by a 

 substantial pension. I cannot help observing that 

 if all young professors and their wives were as 

 careful as we were, they might also launch their 

 children modestly in spite of the increased cost of 

 living and the generally higher standard in this 

 modern day. 



