D70 



SCIENCE. 



[N. S. Vol. XXI. Xo. 548. 



and (3) extracts from the report adverse 

 to the alliance adopted by the faculty of 

 the institute and extracts from the minority 

 report. 



AGREEMENT BETWEEN HARVARD UNIVERSITY 

 AND THE MASSACHUSETTS INSTITUTE 

 OP TECHNOLOGY. 



Harvard University and the Massachu- 

 setts Institute of Technology, being con- 

 vinced, after a careful consideration of the 

 conditions which affect the work of educa- 

 tion in industrial science, that such work 

 can be greatly advanced and enlarged by 

 a cooperation of the two institutions, in 

 order to secure mutual assistance, render 

 possible a larger enterprise, promote econ- 

 omy, avoid duplication and competition, 

 and give to the purpose of donors who have 

 bestowed money in trust for that object a 

 fuller accomplishment, do make this agree- 

 ment, which shall endure so long as it shall 

 be found to serve, to the satisfaction of 

 both institutions, the objects above de- 

 clared. But, whereas the carrying out of 

 such agreement will require the employ- 

 ment of the income of the funds which the 

 University holds, or will hereafter hold in 

 trust, and the University feels that faith- 

 fulness in the performance of these trusts 

 which it has accepted is its first duty, to 

 which all other considerations must yield, 

 this agreement shall not go into effect until 

 and unless the University shall have ap- 

 plied to the Supreme Judicial Court for 

 instructions and the court shall have made 

 a decree that this agreement may be carried 

 out without violation of its duties as a 

 trustee and in accordance with law and 

 equity. 



I. 



The organization of the University, the 

 organization of the Institute, and the title 

 of each to its property and funds shall re- 

 main unaffected by this agreement, as shall 



also the rights and duties of each in invest- 

 ing and managing its funds. 



II. 



The institution for the combined work of 

 promoting and furnishing education in in- 

 dustrial science, which it is the object of 

 this agreement to establish, shall retain the 

 name of the Massachusetts Institute of 

 Technology ; it shall be under the direction 

 of an Executive Committee, and the in- 

 struction therein shall be given by a Fac- 

 ulty, which two bodies shaU be constituted 

 as herein below provided. 



III. 



The said Executive Committee shall con- 

 sist of nine persons, to be designated by 

 the IMassachusetts Institute of Technology, 

 of whom two shall be the President of the 

 Corporation of the Institute and the Treas- 

 urer of the Institute, and three shall be 

 members of the Corporation of the Uni- 

 versity. 



Subject to the restrictions herein below 

 expressed, the said Executive Committee 

 shall have the general administration and 

 superintendence of all matters concerning 

 said combined work, including the appoint- 

 ment of officers of instruction and govern- 

 ment, and of servants, the power to remove 

 any of them, the fixing of their salaries and 

 the prescribing of their duties, the care of 

 buildings, property, and equipment, the 

 appropriation of money put at its disposal 

 under this agreement, the fixing, collecting, 

 and expending of students' fees, and the 

 supervision and direction of the work of 

 the Faculty, these being substantially the 

 powers now conferred on the Executive 

 Committee of the Institute by its by-laws; 

 it being, however, expressly provided that 

 all appropriations from money furnished 

 either by the University or by the Institute, 

 and all proposed appointments or removals 

 of officers whose salaries are to be paid 



