February 6, 1914] 



SCIENCE 



207 



for by the exhibitors. Any packages or boxes 

 sent to the Bureau of Standards should be 

 clearly marked " for Physical Society exhibit " 

 and prepaid. 



Foresters and lumbermen see in a decision 

 of the Treasury Department in regard to the 

 administration of the income tax a strong 

 argument for forestry. As they interpret the 

 opinion of the treasury officials they under- 

 stand that no timberlands shall be subject to 

 the tax until the lumber is cut and marketed 

 and that then the profit only will be subject 

 to an income tax assessment. In other words, 

 all costs will be deducted before the tax is 

 levied, and these will cover the cost of growing 

 the timber, including the cost of planting 

 where necessary and of protecting the growing 

 crop from fire and other depredation. This 

 decision was based upon a request for infor- 

 mation made by P. S. Eidsdale, secretary of 

 the American Forestry Association. He asked 

 if there would be a tax on the value of the 

 yearly growth of timber whether it was cut or 

 not, and also whether an income tax would be 

 assessed on the values of the timberland. In 

 reply, the Treasury Department said that the 

 gain from the cutting and disposal of stump- 

 age is realized in the year during which the 

 timber is cut and disposed of, and that the 

 amount received in excess of the cost of such 

 timber is profit, and should be so accounted 

 for as income for that year. 



VNIVEMSITY AND EDUCATIONAL NEWS 

 The late Morrill Wyman, of Cambridge, has 

 left to Harvard College $50,000, to be used to 

 promote good citizenship by the study of 

 republican government. Further, one half of 

 the residue of his estate, which is said to be 

 large, is left to Harvard to establish a fund in 

 memory of his father, to be known as the 

 Morrill Wyman Medical Eesearch Fund, to 

 provide for the study of " the origin, results, 

 prevention and treatment of disease." A 

 further sum of $50,000 will ultimately go to 

 this fund. Another fourth of the residue of 

 the estate is left to the Massachusetts Insti- 

 tute of Technology, to be used in aid of deserv- 

 ing and promising students. 



The gift of $125,000 by an unknown friend 

 for a children's department has now com- 

 pleted the fund of $615,750 which has been 

 raised for building a new teaching hospital for 

 the University of California Medical Depart- 

 ment. Among the other principal contributors 

 are John M. Keith, of San Francisco, who has 

 given $150,000 in memory of his wife, and 

 four members of the Crocker family, who have 

 given $150,000 in memory of George Crocker, 

 himself the founder of the Crocker cancer re- 

 search fund of Columbia University. The 

 givers of the George Crocker fund are Mrs. 

 Harriet F. Alexander, $50,000; William H. 

 Crocker, $50,000; Charles Templeton Crocker, 

 $25,000, and Mrs. Malcolm Whitman, $25,000. 



The University of Chicago will erect three 

 new buildings this year at a cost of $800,000. 

 They are the women's gymnasium and club, 

 the geology building and the classics building. 

 Announcement has been made that building 

 operations will be started so that cornerstones 

 of the geology and classics buildings may be 

 laid at the March convocation. 



With the object of stimulating interest in 

 scholarship among high school students of the 

 community, four competitive scholarships 

 have been established in Adelbert College of 

 Western Reserve University. 



The sixth session of the graduate school of 

 agriculture will be held at the College of 

 Agriculture of the University of Missouri, 

 beginning on June 29, 1914, and continuing 

 four weeks. Only persons who have completed 

 a college course and taken a bachelor's degree 

 will be admitted to the privileges of the school, 

 except that admission may be granted to non- 

 graduates who are recommended by the 

 faculties of the college with which they are 

 associated as persons properly qualified to 

 profit by advanced instruction in agriculture. 

 The faculty will include leading scientific men 

 and experts from the U. S. Department of 

 Agriculture, the agricultural colleges and 

 experiment stations, and other universities, 

 colleges and scientific institutions in America 

 and Europe. 



Merritt Berry Pratt, now deputy super- 

 visor of the Tahoe National Forest, has been 



