Glenn Harlan Reynolds:
Much of Yale’s original endowment came frome the slave trade (the role of Connecticut and New York in the slave trade is a much-overlooked subject) and the Yale faculty and administration even worked hard to block the establishment of a black college in 1831. Eight of the ten prominent alumni for whom Yale’s residential colleges are named were slave owners. Shocking? Well, no: slave trading money endowed Brown, and helped fund the founding of Harvard Law School.
“… Yale relied on slave-trading money for its first scholarships, endowed professorship and library endowment. It honored slave traders when choosing figures to chisel as “Worthies” on the tower at the center of its campus, and only 40 years ago chose the names of slave traders when it was naming some colleges. According to documents these scholars have unearthed, in 1831 Yale officials led the opposition that ultimately stopped construction in New Haven of what would have been the nation’s first black college, saying that such an institution in the same city would be ‘incompatible with the prosperity, if not the existence,’ of Yale.”