The independent press. (Abbeville C.H., S.C.) 1853-1860, 1855-01-12

the Banks of the State of South Carolina,
Or well secured individual bonds, and the
interest or income only arising from snch
Investment shall be appropriated to increase
the advantages of education in said College.
0. All scholarships created by these pro-
ceedings, both limited and perpetual, may
be transferred by bargain or sale, or assign
| ed or devised by Will: and in case ofintcst-
acy, they shall pass to the administrators as
other property.
IL. All students sent to said College on
any of these scholarships shall be subject to
the regulations and discipline of the Insti-
| tuition.
IL. Subscriptions to perpetual scholar
| ships shall, i'll all cases, be binding; but the
subscriber will not be required to make
payment until Que year after the date Of
their subscriptions :: and whenever the money
is paid, they shall receive certificates sccur-
ing to them the benefit Of their scholarship.
This last section says that subscriptions
to the perpetual scholarships shall, IN oit
cases, Jc dindimg." Other subscriptions
were not to be binding unless $50, 900 could
be raised by subscription. That amount
and something more has been subscribed,
and now all subscriptions are binding, both
limited and perpetual In fact, subscrip-
tons are no longer taken, but scholarships
arc now sold for cash, or note with approved
security.
Not to be tedious, or to occupy too much
space, will call attention to the above
"Plan"sin another article. IN.
| In a previous article l gave some of the
principal sections of the "plan of Endow-
ment' for Erskinc College.
The scheme must commend itself ?s the
cheapest and the best OH that account, That
has ever been presented to the citzens of
South Carolina. 1t is adapted to the hard
times and to men of moderate means. The
scheme is in successful operation, and about
nnety-six students are enjoying the advan-
tages of the scholarships boarding is the
principle item in the expenses of an educ;,-
ton. AT Due West, boarding, including
washing and room rent, can be had for eight
or ten dollars per month. What the stu
dent saves in tuition, OH the scholarship plan,
will pay his boarding for three months year
ly. A man has three sons or pupils; he en-
ters them in the Freshman Glass and keeps
them in College four years each-twelve
years in all. lie procures a sixty dollar
scholarship, emitting him to twelve years,
and in the operation he saves enough to pay
more than twelve months boarding for each
OF his boys. lie gets his tuition at the rate
OF five dollars per annum, and the ,educa.
ton, when it is obtained, at this cheap rate
is just rs sound and as thorough as it would
have been at fifty dollars per annum else.
where. 2. ~
1.-The scholarships may be transferred by
bargain or sale, like other properly; they
may sbeEenjoyed at anytime itmay suit the
convenience of the purchaser to send a stu.
dent. If a man Us not ready to send a son
!, Immediately, all { the better for the son. as
the College, ifsfully endowed, will be worth
moro to the son., five or ten years hence
than at the present time.
=. Bnt there are, no doubt, many men in the
State of large hearts and large means, who
lwonld take pleasure in aiding an Institution
fan the State to complete: its endowment
without regard to the advantages which tho
scholarships would, afford them. s.. Some
4 twenty thousand dollars have been subscr
bed to the cndowments in North Carolina
i Virginia, Kentucky, Tennessee, Georgia and
Sdother Southern States; ndwhiIe thesfriends
,,Eof education and religion, out of the State
are spendingsthcir substance tos build upsa
EGollege in South Carolina,Fwill not The
4 friends of education an the State ,lend q
hand to place Frskine College on perma
nent money! basis 2 .as9f 5;:*s3
TheState needs such Institutions, and
Erskine College has proved itself worthy o.
tlIsSconfdence and Patronage Of the public
GIts. professors have been trying tossubsist fol
Il lyearsson very short allowance, ii order tc
Keep; the College up until more propritioril:
| times But the times are. becoming more
difficult thes expense Of, living rs greatel
Ethan formerly and the salaries of the Pro
fessors must be increased and $other advan
tages obtained, Or the College mist 90 down
or lag behind its fellowsasswho have more
friends and funds. Wilfthe friends Of ed
, ucatlonin the State suffer Collegctolde
cline Of rdisafor want of support WHICH! 9th
, ers, ont sthe State, gare Striving to1 ssus
taiusespecialIy when that Institution is Of
\ tfering5 pay back in tuition, FIVE 'times tRti
+ woAh Of moDey contributed 2
What, Mesafs, Editors, are 500, or $500
to rhany oEyour readers? a dropsihi thu
81 bucket, .c6hpased with their wealth. A
Il ssm that they.collagve without detrimen
IhwogM be great advantage to The College
sEand through3itsto the State. y
4, ssoIhe nay not be able, 9siwillibisg; I'd: :tske
ch9latsliip, but would be swiillipg 10 yin
4 tiys, tsn, twenty gstf g sllahs s tge Col