The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1854-06-29
RICHM 0ND, VA:
THURSDAY MORNING, JUNE %, 1854.
RICHMOND FEMALE INSTITUTE

|4"" hhFC purchased q most de
siraoie lot on Tenth street, embracing the whole
front from Marshall to Clay, fol. SIC 900; are pro-
ceeolng to erect building, the estimated cost Of
WHICH, with fences, culverts, gas and water fix
lures &c, is 900; and have appropriated $1,000
Tor the purchase of suitable furniture for school and
music rooms, &c, together with suitable set Of
scien'lhc apparatus-making total of $4,000.
The building fronts lbs feet, and extends in the
centre from front to rear about 100 feet Itis "a
pabie OF accommodating 800 pupils, 90 of whom
may be boarders. 1t will be completed ACCORDING
10 contract by the 5h of October SO that the school
may open by the middle of that month No pains
or expense seems to have been spared which might
promote the health, security and comfort of the pu
pills. as well as their moral and intellectual advance
ment.
heV b. Manly, jr., recently pastor of the First
DaptSt Cnurch in this city, resigned his charge in
order to assume the Presidency of this Institute
ano Is now engaged in enlisting suitable faculty of
instructors to assist him. No similar enterprise has
been commenced in this city on scale of such mag.
nitude; and it cannot fail if successful to reflact
honor upon our city, as well as upon it's founders.
The trustees have obtained subscription of S26
600 upon joint stock plan-the stockholders be
coming jointly interested in the property in accord
ance with the charter and receiving such dividends
as the profits of the Institute may justify. The
scheme has been so arranged as to give great pro-
mise of success in declaring a reasonable dividend
The trustees are desirous to obtain an additional
subscription of at least $4,000 from the citizens of
Richmond. Were there no prospect of dividend
the benefits OF such an Institute, upon SO maguif
cent scale, would be cheapy purchased by an ab
soute donation OF 5000, even $50, ,000 But the
trustees Euses forcible arguments prove that the
subscription OF stock ought not TO be regarded as
donation, but an investment. We commend their
views to the attention of our readers
THE SUBSCRIPTION OF STOCK NOT A DONATION
The trustees see no reason to retreat from their
original opinion that fair dividend NAV be realized
on the stock Every school in the city pays rea-
sonable rent for the house in which it skept Why
may not this? Schools elsewhere conducted on
this very joint stock principle have made handsome
dividends. Why may they not do so hereq
The real estate of the Institute is worth today.
estimating by recent actual sales in the immediate
nelghborhood,) $4,000 more than it's cost to u.s. Its
proximity to the Capitol Square, and to the other
public grounds, to the Athensum to the churches
OF various denominations, and to the business part
OF the city gives Increased value for this use as well
as tor any other; and that so long as anv
property in Richmond retains It's value this cannot
fail TO do So The stockholders, therefore ore pot
girtRg Gacdy their money. They are to be the Joint
owners-subject to the provisions of the Charter
OF beautiful piece OF property, which has already
largely increased in value, and cannot depreciate
while Richmond remains prosperous CITY II
would command high price for other uses even if
1t should ever cease to be protaby occupied for fe
male education-an alternative, howe YER which we
do not desire at all to contemplate az possible In
any event, then even If dividend is declared for
years, the property belonging to the stockholders
will be worth the money which it costs, and will
more probably increase than diminish its value
But 1t must be added that by the arrangements
made with the President of the Institute he as
sumes all responsibility for payment of teachers.
&C, and agrees 10 pay rent proportioned to the
success which may be realized: so that there is a
certainty Of some rent every year which NAV be as
high or twelve per cent on the stock and the
benefits OF which accrue to the stockholders If
the whole amount of stock is subscribed at once
then the rent may all go in the form of dividend
1t however, it should be necessary to borrow nor.
ton of the money, the rent must first 90 to nav the
interest and principal of such loan before making
any dividend. 1t is, therefore, the direct interest
OF every stakeholder to get the whole amount sub-
scribed promptly, and then to push the institution
forward to the highest possible efficiency and sue
cess.
ENLARGED SCALE OF THE ENTERPRISE
1t Will be seen by what has been said that the en-.
terprise has grown under our hands From tbe ex.
pendlture OF Sl5,OO0 originally contemplated il ex
panded to 100000, and now to between $50 600 and
100000. Asw have had our attention more direct
ed to the object, the more have we been immersed
with Its Importance. The thorough education of
our daughters, when we weighed the matter seem
ed no less essential than that of our sons The of
forts and sacrifices necessary have become Identified
IN our eyes by the magnitude and worthiness of the
end And we have gone on from step to STEP i'm
proving ana eniarelng our plan, because actuated
by the determination TO establish here an Institute
for Female Education which for practical utility
and real advantages shall be excelled by none North
or south. we have not designed nor shall we be
rIlrlyy a
short OF the very front rank, we shall confess our.
selves to have failed of obtaining our aim But I'VE
will not fail if an earnest and vigorous employment
OF all the means at our disposal ensure success
we submit our plans and our efforts to Our feI-
low citizens We tell them canddly what we have
done, and what we Intend, by the blessing of God
siii to do. And we ask it we do not deserve their
assistance or rather If the excellence OF the object
does not imperatively demand it,"
"The lrishmen's Civil and Military Republican
Union, is the title of organization which has
just been formed in New York city, ITO rally and
concentrate in bond of brotherhood all Irshinen
to maintain the constitution of the United States
against all foreign powers, but more particularly
against those who devising and CARVING ont
measures eminently productive, If not of civil war
at least OF anarchy throughout the Union" The
association prohsits the discussion Of all religious
or political subjects within the hall of meeting
AN AMERICANIN THE FRENCH ARMY New
York Tribune affrms that an American citizen be-
longing to that category recognized such by the
nationality doctrines of Mr. Marcy in his Huse-
mann letter, but now in France, has been compel.
ed by the French authorities draw in the inscrip
tion, and having drawn an unlucky number, has
been placed In the rank and file of the French army
An active negotiationis is now going at Paris for
the mans liberation, and the French cabinet is be-
ing pressed to make final decision on the Euro.
pean doctrine Of "once a subject always a sub
ject"
EFFICACY OF COLD WATER ON Wednesday
the 18Th inst, the house of VIM. H. Moody, of
Standish Me, was struck by lightning, which de-
tnoiShed The chimney, burst a large hole in the
cealing OF the sitting room smashed the stove aud
broke the door II struck a daughter of Mr..
ioody's, six years old, on the back of the neck
The side and leg TO the foot, leaving mark half an
inch wide. tine whole distance. Cold water was a,
copieusly applied to the apparently dead
girl, VINO, in twenty minutes from the time sac was
struck, revived, and is expected to recover.
SINGuLAR.-The Louisville Journal states, upon
the authority Of gentlemen who arrived there
from Lexington that the hair of Weipert fo.,nd