By the will of the late Edmund C. Converse, noted financier, who died recently, Dartmouth College will be given the sum of $50,000 for the establishment of the E. C. Converse Scholarship Fund.
Mr. Converse's bequests, which totalled over $700,000, included $250,000 for Amherst for the upkeep and development of the Converse Memorial Library and gifts similar to that received by Dartmouth for nine other institutions: Amherst, Bowdoin, Leland Stanford Jr. University, Oberlin, Smith, Trinity. Tuskegee Normal and Industrial Institute, Wells, and Williams. Various banking organizations and charities were also provided for and the balance of the estate left in trust for his widow, children, and grand-children. The value of the estate was estimated at $20,000,000.
The famous Gainsborough portrait of Count Rumford was left by Mr. Converse to Harvard University.