TULANE, PAUL

(1801-87), American busine man and philanthropist; 6. Princeton, N: J., of French ancestry. His early education was limited, and for some years he worked on a farm. He settled in New Orleans in 1819, opened a general merchandise store three years later, and rapidly accumulated a large fortune. He retired from active busine in 1858, and from that time until his death, divided his time between Princeton, N. J., and New Orleans. His own lack of early educational advantages made him especially solicitous to furnish better facilities for the young people of the state in which he had made his fortune. In 1882 he placed in trust considerable property ‘for the promotion and encouragement of intellectual, moral and industrial education among the white young people in the city of New Orleans State of Louisiana.’ The trustees of the fund took over the State University which had been founded in 1832 and changed its name to the Tulane University of Louisiana. The total donations of Mr. Tulane to the institution aggregated $1,100,000.