Ralph Jonas, President of the Brooklyn Chamber of Commerce, Thursday night offered at a meeting of the Brooklyn Committee on Institutions of Higher Learning, which has been seeking to obtain a college for Brooklyn, to give $1,000,000 for a privately endowed college if citizens of that borough and others gave $9,000,000 toward an initial endowment of $10,000,000.
Mr. Jonas’ offer was followed with one by James H. Post, President of the National Sugar Refinery, to give $100,000 toward such an endowment, and Mr. Jonas announced that his brother, Nathan Jonas, President of the Manufacturers’ Trust Company, had offered to add $25,000 to the proposed fund.
The committee, represented by 126 citizens of Brooklyn who met at the Brooklyn Chamber of Commerce, unanimously adopted a resolution not only to attempt to obtain a privately endowed college for the borough but also to seek an extension of the activities of City College in Brooklyn.
In announcing his offer Mr. Jonas indicated to the committee he was the anonymous person who recently offered $500,000 toward the establishment of a college in Brooklyn.
“I shall be personally responsible for the sum of $1,000,000,” he said, “for a privately-endowed institution of higher learning, payable at such a time as a committee chosen should deem it to be wise.”
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
