The Elder Conservatorium of Music was formally constituted in 1898 as the result of a major philanthropic bequest from the will of the Scottish-Australian pastoralist, Sir Thomas Elder, whose statue stands outside Elder Hall. The history, however, goes back further than 1898. An earlier philanthropic donation from Sir Thomas Elder had helped to establish the Elder Professorship of Music in 1883, with the first incumbent taking up the post in 1884. At the same time, Sir Thomas Elder had established endowment funds in parallel for the Royal College of Music in London and the Music Board of the University of Adelaide to support the Elder Overseas Scholarship (in Music). 1883 was also the year in which Berlin-trained pianist Immanuel Gotthold Reimann founded his privately owned and run Adelaide College of Music, of which Cecil Sharp (later to become famous as collector of folk songs) became co-director in 1889. For the first few years the new school of music at the University of Adelaide (which focussed on composition and theory) and the Adelaide College of Music (which focussed on practical training in performance) complemented each other. In 1898 the two schools were merged, operating in the college's Wakefield Street premises until 1900, when the North Terrace building was completed. Hermann Heinicke founded the first Conservatorium Orchestra.