Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1855-09-26
a SerIlncale lOr ledIS 1uIlloH'. '.'... .9No
10 Years ........50
I" IS Years 100

tied to so many complete years of Tuition, in any
all tie studies of the literary department of the Uni.
versty, any time il may suit his or her convenience
to send student The certificate 10 he transferable
No certificate is to be issued, nor is the money for
the purchase Of scholarships to become payable, tho
plan to 20 into operation till the sum Of $50 900 is
subscribed. After which the Corporation will keep
open its subscription till The sum be increased $780,
O0O when it will to sell, and the certificates
will become of imin diate pecunary value in the
hands OF the holder.
Under the charter the funds arc to he held by the
corporation in trust for the of the University
ali proper guarantees for The security OF the parties are
we'll and properly urraIged.
Having secured the sum of $50 900, it is proposed
by the Board to appropriate $4,000 to the enlarge
Of the buildings and apparatus O the University,
and the commencement Of library. This will leave
S50000 to be permanently invested for the benefit Of the
University. The annual income of ts sum At per cent
which there will be difficulty in realizing, will he
$500; and this with the tuition fees in the depart
menls Of Music and Fine Arts which will be regarded
as extras they in all female institutions, will
employ faculty from year tn year, that cannot fail
to perpetuaie the prosperity Of the University The
means uf sustaining the Faculty. and perp=.uaing the
University having been thus secured, and the ccrpor
a,iun having ceased to sell scholarships it will lie
seen that the certificates become exceedingly valua
hle-so much so, that it even sulicits and will receive
the investment Of tile capitalist and speculatur This
is manifest from the following exhibit. The average
rate of tuition, which cannot be made less in this
any other institution wiere The various branches of
sciences are taught, is $50 year. This amounts in
4 years to S120 which is now offered for S25,
10 years TO $500, which is now offered for $50,
25 years to $3.50, which is now offered for 500
Nnw if we reckon the interest the cost Of the
Scholarships, it will require abuu, SIS, 72 and SO years
10 raise the respectively 10 the several amounts
Of tuition which they offset.
1t will be seen therefore that the plan not only offers
inducements 10 the speculator as investment, but
il were economy to an estate, 10 procure sufficient
number Of scholarships to hand them down tn tile 3rd
and 4lh generation; indeed, it presents Inducements
10 every class of persons TO become purchasers, tn the
pd and The younC-o The rich aud The pUor-lhose who
have families and those who have none. To the old
and those who huue families, by nfIrDg an immediate
reiurn In the education Of their daughters Of any sum
they may invest, a saving Of $50 Per cent, Of It's
ordinary Gust. To the young and those uho hare no
families, or very young families by furnishing the
means whereby, should they hereafter become heads
of All household the education Of their daughters and
yrad daughter, to the third and fourth generaiiun,
will he secured and paid for in advance. To the rich
man, by Offering him handsome nnli safe investment
for his murley AMI by blessing him with the oppnrruni-
~ enjny the luxury of dung goud in contrhu-
ting to build up noble institution designed for the
moral and intellectual elevation of the females OF his
country. To The pour man, ny securing lo him on ac'
cunnt Of the remarkable cheapening Of tuition, an
educaiun for his daughters, in the institution,
and 10 an equal extent with the dang hers Of the rich,
thereby giving them social psiiion in circles Of 81.
cety thry could otherwise attain to; and 10 all
of these, with every other elias, of the cUmmuni.
ty, who do NOT denre to purchase eduraii"n, by the
han,isume and unusual pecuniary profit they may
confidently expect to realize rum any sums they may
cho0se TO invest in scholarships
The nuodus opcrandi by which profitable and GER
tain return frum investment in scholarships, IL 10
be realized may be explained in few words. So
suon AZ the proposed is raised and invested for
C,, po,Tuno nIuyiu
in p-rpetuily cumpetenl-nay more, distinguished
fncully-are always provided in advance, ant, hence
such faculty will he psrpetuay employed, and there.
fore nothing can be mre certain than that students
will continue 10 flock Ig tho institution, IN grraier or
less numbers through all time. Those who are ~
frnna,e as to hud certificates of schOl rship avail
themselves of their benefit, whilst those who do not,
If they seek an education IN he Universily, must
either paw the regular rates OF tuton which We have
shown will average $50 year, amounting TO Sl2o in
four years. or they must purchase scholarships from
whoever may have them for sale. And inasmuch as
the whole number sold by the corporation, amounts
TO most trivial sum, when compared with The great
number Of females to be educated IN this and the
eiehboring States, in reach oil The University, the
certificates held by the specnators must cnme into
demand at once, for no will pay the regular rates
of tuition when scholarship can be purchased for
less Suppose, therefore, that The holder Of n S25,
certificate should meet with an opportunity and sell
It for the very mnderatc sum OF $50, the first year
~ "
whilst he realizes pruft Of hundred per cent.
on his investment the purchaser will nve saved 40
Der cent, of the usual cost Of tuition Or If he should
hold it fourteen years before he finds purchaser, and
should then sell it for S50 he will have realized the
legal ate of interest per cent. his investment,
whilst the purchaser will save 40 per cent in tuition
or If he should not sell till tie end of t,centyeight
years, and then sell for S75, he will still lave recev.
ed hack his original capital with per cent interest,
whilst the purchaser at that rate will so per
cent in the e1pense of education. From these state.
mens, the probable profit on sales at intermediate
periods and at other ralcs can bs easily determined
But it must be borne in mind that IN few years all
who shall purchase scholarships for their own use,
will be paid up in tuition by the University and their
certificates cancelled. After which those that are
outstanding on speculation, will unques,ionably be
eagerly songht AFTER at much higher rates than those
suggested; and st II the pu chaser, who desires the
tuition, may something handsome in its cost
Can it be doubted therefore, the endowment being
secured, and competent fhculty permsnen,ly en-
pIoyed, that investment in scholarships will become
the best the capitalist can make-as better than bank
railroad, any other ordinary stock' But TO tho