The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-08-19

that now, for the estate has been we believe, well
and faithfully managed, and the net returns are
sufficiently large to mahe and keep us thankful
We shall finally receive, clear of all charges up
wards of $500, 000 We may, therefore, consider
our argosy to have come out of that perous sea of
trouble with little enough loss and happy will we
be if, now that it has gained harbor it is not
plundered by our own wreckers. What will we
do with it? This is the next question to be de-
cided. McDoNoGHs will is explicit and clear in
its directions, but these may chance to share the
fate of other portions of that instrument, and be
considered as null and void. That celebrated
document has been so riddled by the mus
kerry of the bar and the batteries Of the
bench, that it is a marvel how its several
parts have held together at all. The main
provisions which the testator had incorporated in
it have vanished into thin air, and are as though
they never had existed. He had determined that
his vast property should never be disposed of, but
was to stand intact and grow forever until lis
magnitude should attract all eyes and remind men,
through all the future, of JOHN McDoNoGu. Out Of
the princely income noble charities should be SUD-
ported and useful institutions reared which should
preserve in the land the remembrance of his name.
For this he toiled, and schemed, and saved, dav
by day and year after year. He permitted neither
the claims of kindred nor the opportunities of
strangers-neither public spirit nor generosity-so
to influence his actions TO curtail, in any wise
the means he was preparing for his cherished OBJ
ject But the dream of his life his death has diSN
pated. His property has been divided, and his
l., A., In,
represented by ready money. His "Asylum of
'he Poor of both sexes and of all ages and castles
''of color" in New Orleans, and the ''School
tFarm' for the destitute male children of Balt-
more, for the establishment of which he provided
with especial solictude and care, WILL probably
never exist, the Supreme Court having intmated
that no obligation is imposed upon the cities to
appropriate their requests TO these purposes AL
though the whole plan, so infinitely and elabo-
rately detailed by McDoNoGH, has come to nought,
should we not, as far practicable, be guided by
his last wishes in the application of this legacy?
His desire was that, after the annuities, charged
for number of years upon the property, should
cease, all the revenues should be appropriated "or
''the education of the poor, without the cost of
''cent to them, in the cities of New Orleans and
Baltimore, and their respective suburbs, in such
s'manner that every poor child and youth of every
'color, in those places, may receive a common
''Englsh education" most useful and benif-
cent mode of applying the fund we have received,
is thus pointed out But Mr.. SWAMI, in his mes
sage to the Council of June 16, accompanying the
final report of the agents, already talks of ''the
''prompt construction of noble Institution"
''Noble Institutions" the swelling phrase is or
dnarily understood, consist, for the most part of
pompous piles of brick or marble. We sincerely
hope that our $500, 900 will not be thus misused,
but that it will be distributed so as to secure to the
poor of Baltimore and 'ts suburbs the substan-
tial benefit of "a common English education