Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1855-10-03
A Certificate for Years Tuition. .$25
90 10 Years ........50
7" 25 Years ...lOO

all tie studies Of the literary department Of the Uni
vesi.y, at any time it may suit his her convenience
to send student. The certificate TO he transferable.
No certificate is 10 be issued, is the money for
the purchase Of scholarships to become payable the
plan to 60 into operation Till the sum Of $4,000 is
subscribed. After which The Corporation will keep
open its subscription till The sum be increased $780,
600, when it will cease TO SELL and The certificates
will become If imm. date pecuniary value in the
hands Of the holder.
Under the charter the funds are TO he held by the
corporation trust for the of the University, anil
all proper guarantees for the security of the parties are
we'll and properly arranged.
Having secured the sum Of goo, 900, it is proposed
by the Board to appropriate $4,000 TO the enlarge.
mrnt of the buildings and apparatus Of the University,
and the commencement Of library. This will leave
$50 900 be permanently invested for the benefit of the
University The annual income ofthis sum 7per cent
which there will be difficulty in realizing, will be
So 500 and this, with the tuition fees in the depart.
menis Of Music and Fine Arts which will be regarded
e1,ras they in all female institutions, will
employ faculty from year to year. that cannot fail
to perpetuaie the prosperity Of the University. The
means Of sustaining the Faculty. and perpe,uating the
University, having been thus secured and the ccrpor
alton having ceased TO sell scholarships, it will he
seen that the certificates become exceedingly valua
be-so much so, that it even sulcis and will receive
The investment Of the capitalist and specnator. This
is manifest from The following exhibit. The average
rate of ,uition which cannot be made less in this
any other institution where The various branches Of
sciences taught, is $50 year. This amounts in
years to $l20, which is now offered for 1926,
10 years to $500, which is now offered for $50,
25 years 10 $3.50, which is now offered for 500
Now if we reckon the interest the cost of the
Scholarships it will require about S. u and SO years
10 raise respectively 10 the several amounts
Of tuition which they offset.
will be seen therefore that the plan not only offers
inducements TO tho speculator al investment, but
it were economy to an estate, to procure sufficient
number Of scholarships TO hand them down to the Bird
and 4lh generation; indeed, it presents inducements
10 every class Of persons to become purchasers 10 the
Did and the young-o the rich and The poor-ihose who
have families and those who have none. To the old
and those uho haze families, by offering an immediate
return in the education of their daughters any
they may invest, a, saving of $50 per cent, Of its
ordinary cost. To the young and those ,cho haue no
families, or very young families by furnishing the
means whereby, should they hereafter become heads
of an ousehoId the education Of their daughters and
anddaughters to the third and fourth generaiiOn
will be secured and paid for in advance. To the rich
man, by offering him handsome and safe investment
for his money and by blessing him with the opporuni
ty TO enjoy the luxury Of doing good, in contrbu'
Ting TO build up noble institution, designed for the
moral and intellectual elevation Of the females Of his
country To the poor man, by securing to him on ac
count of tile remarkable cheapening Of tuition, IN
education for his daughters in the same institution
and equal EXTENT with the daughter. OF the rlch
Thereby giving them social position in circles OF SO.
4
of these, with every other clas. Of the communi'
ty, who do not desrs to purchase education, BY the
handsome and unusual pecuniary profit they may
confidently expeo, to reaze from any sums they may
choose 10 invest in scholarships.
The modus operandi by which a profitable and cer-
tain return from investment in scholarships, is 10
be realized, may be explained in few words So
svon the proposed sum is raised and invested for
the benefit Of the University The mears Of employing
in perpetuity competent-nay more, distinguished
aculiy--are always provided in advance, and hence
such faculty will DO perpetually employed and there
will continue flock the insliiu,ion in greaer
! less numbers, through all time. Those who are 81
fortunate as TO hold certificates of scholarship, avail
themselves Of their benefit, whilst those who do not
| If they seek an education in The University, must
either pay the regular rates Of tuition, which have
shown will average $50 year, amounting TO Sl20 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, Wlen compared with the great
number Of females to he educated IN this and the
Deighboring States in reach Of the University, the
certificates held by the speculators must come intt
demand at ONCE fur no one will pay the regular rate'
of tuition, when scholarship can be purchased fo
less. Suppose, therefore, that the holder Of S25
certificate should meet with an opportunity and sell
after the endowment h raised It will be seen, tha
whilst he realizes profit Of one hundred per cent
on his investment, the purchaser will have saved 4
per cent Of the usual cost Of tuition. Or if he shoult
hold it fourteen years before he finds purchaser ant
should then cell it for $780, he will hav. realized the
legal rate Of interest at per cent on his investment
whilst the purchaser will save 40 per cent in tuition
or ,f he should not sell till tie end Of tDentyegh
years and then sell for $7 he will still have recsiv
ed back his original capital with per cent. interest
cent in the expense of education From these state
msnis, the probable profit sales at intermediate
periods, and nt other rates can be easily determined
But !. must be borne in mind, that in fewyears al
who shall purchase scholarships for their own use
will be paid up in tuition by the University, and tel
certificates cancelled. After which those that ar
outstanding on speculation, will unqueslionabiy b
eagerly sought altar, at much higher rates than thos
suggcased; and still the pa. ch,ser, who desires IN
tuition, may save something handsome in its COST
Can it be doubted therefore, the endowment bein
secured, and u competent faculty permanently EN-
pIoyed that's an investment in Scholarships will becom
ihe hest tho capitalist can makefaT better than bank
riilroar, or any olber ordinary stocks. But to th