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At a meeting of the Board of Trustees of the University of Pennsylvania held May 21, Dr Pepper made an offer of $50,000 towards an endowment fund of $250,000 and of $1,000 annually towards a guarantee fund of $20,000 annually, for five years, conditioned upon the establishment of an obligatory graded four year course of medical study. This was accompanied by a communication from the medical faculty pledging themselves to carry out this proposal and to enter upon the four-year course in September, 1893. It was also reported that the members of the medical faculty had themselves subscribed $10,000 annually for five years to the endowment fund. The Board of Trustees expressed approval of the proposed advance in medical education, but postponed their assent until the success of both funds had been demonstrated.
Dr. Pepper and his associates in the faculty of the medical department of the University of Pennsylvania
HIGHER MEDICAL EDUCATION.. JAMA. 1891;XVI(22):784-785. doi:10.1001/jama.1891.02410740028007