The New Student's Reference Work/Massachusetts Institute of Technology
Massachusetts Institute of Technology was established in 1861 to further industrial science and, especially, manufacturing, commercial and agricultural science. Its expenses are met partly by original endowment, partly by fees, and partly by gifts from Massachusetts and from the United States. Its students number almost 2,000, and its staff of instructors about 200. The institute tries to combine liberal education in arts with technical education in the direction of a given profession. This is one of the institutions which helps to maintain the pre-eminence of New England in the manufacturing processes and industries. The institute holds property to the value of some $10,000,000.