The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-03-01
AMERICAN MUN1FICENcE.


500 600 to the London poor by another beneacon Of
The probable value of 5000, 600, has been published
LoSp,S Jan. 90 1860
When made a donation OF ESQ 900 for the benefit of
the poor London in March, 1862 II my intention
my life spared until my retirement from business
and Providence continued me In prosperity, to place in
Me object That time has arrived but before
entering upon the subject OF the second donation allow
n me with regard 70 the first Your duties and re-
sponsblites have been great and the performance OF
the work undertaken you must have been aware would
occasionally and inconvcnienty tax your valuable time
but from high motives Of benevolence and duty, you
cbeerully accepted the trust and cannot but express
my grateful thanks for your constant attendance at the
meetings OF the board, and my qualification at the great
success that has attended your labors
N the appointment Of future trustee the same rules may
be continued adopted for the rt and that the United
States Minister at the Court OF St. James the time be-
ing shall always be one OF them
now propose that as soon as deed can be prepared
by your solicitor TO fully and legally the views and
directions which shall state herein to transfer into your
mam<s 5000 fully paid up shares Of stock in e Hudson's
Boy pa"y a1o sn . @ az EN- Gns
my desire that all dividends as they fall due and col
Iecied shall be invested In shares of the company
dpidendS hes The Of EDO 000 which, it is my i'm
pr sson may be within two or three years. but should
be mistaken in this anticipation and should the market
value the entire shares, including those acquired by
the renvcsmcnt OF dividends be less than f100 600 at
s OF ,~S .sS M T q. @
for them f100 600 cash. as the trustees may think best
for the Of the fund and in the event Of my death
before that time my executors will be duly authorized
and directed TO fulfil this engagement
Should the shares BIO taken by me for f10o, 900, or
sold to others the limit above desire that The
proceeds shall be invested in safe securities including
interest accrung the TO the LIST OF july 1862
when you successors will consider all restrictions
regarding sales at an end
The delay thus caused in aprropratng this gift to the
charity will, think, act benenciay, by enabling you
nrst to expend the f76 900 now remaining on hand OF
fhe former donation, thereby testing by farther
pcrience the wisdom OF the course you have hitherto
pursued Taking the joint capital Of the two gifts at
minimum oil $3.50 600 IL will form fund the operation
Of which intended to be progressive in its usefulness
as applied 10 the relief Oh the poor OF London o cor
in consequence Of religious belief or polt cal bias 1t
vii therefore act more powerfully in future genera
century in the history Of London Is but brief
period comparatively with the life Of man, and should
continue the management OF tho charity
you have beg H. II Is my ardent hope and trust that
within that period the annIa receipts from rents for
buildings Of this improved class may present su;h
Nat e'e may poor .coring ia Of good charoeer
In L0ndn ,cho could not obtain comfortable and heaistl
ssdgm9s for Aimseg and his family al cost ,ciun MS
sscoas
As your with regard to the former gift of
9loo 600 already defined in your trust deed only
express own views and wishes regarding the appro
pxiation Of the principal and income Of this dona
hon, and leave 70 yourselves and your
You fully authorized &c use any portion Or the
Ssnd in building lodging houses for tho aborng poor
oppressed In my former letter. but before many
TO be apprehended that desirable such build
1ngs may be difficult To obtain at moderate prices within
dr-
are that my trustees for the time bng may seek out
oud secure at rates the state of the fund may
warrant such freehold sites, within ten miles of the pre-
cent Royal Exchange, may appear eligible both on
socount OF saubry Of position and proximity the
great centres OF labor and railroad accommodation
regard being had TO the probable burden of
may also be des rable 10 obtain from railroad companies
Ma most economical arrangements procurablc for the
eonveysn OF work ng people ut stated hours and
om London at such moderate fares as will come within
Acir means
Comfortable and convenient houses are to be erected
of he
eones and poor Of London, under such regu
direct, subject only tho guiding principles laid
Sown In respect TO my former donation
ssmote from schools and other facilities for instruction
ths trust shall be at liberty in such eases should they
Suinr and suitable for school hp"ss for me ehs rce
81 the families holding tenemenis But such schools
ust be 80 organized as carefully to exclude scearan
tntuences, and conducted ~ TO avoid denomination
JEALOUSY With this view Il Is my desire that the course
81 education shall be exclusively of elementary and
would also suggest my trustees that for the mental
Improvement OF the inmates, the school rooms might, 4
evening" and thai books periodi and newspapers be
pruvided those who chose TO attend and that
cain popular and scient &c lectures might
soduced at charge, any, merely sufncent 70 eiray
necessary expenses
A some OF these dwellings NIL probably he at ncou
vsnent distances from good markets, would esc o"g
Rce 10 my trustees TO consider the propretY in ies"l
ms where may seem g bq them. aUar,nen's -
~. may organize operative stores for
elcs FOR their consumption, subject reg la
Mons as the judgment Of my trustees may aecdful
also bcg tr suggest and recommend To yoa and TO
your In the management OF this rus that In
Abe month or February In every year alter 1855 report
nenccdL with account VI receipts and expcnditurcs
With the items attending the tho
fond be prepared and published In the London news
papers I would add my wish that In like manner, as
Easces OF my former gift should continue In
every year to lay similar report before tho public
II having occurred to mo that for rood reasons my
trustees may wsh at comparatively early period To
change some part parts OF the deed which is
prepared for the management OF this fund.- therefore
her by authorize them 10 do so at any during my
ME- oonormaby TO any rosolut on rcsoutioas which
BY me '"''''''
In conclusion looking TO the object Of this donation
and TO the large development in coming years Of an mr..
Management designed 10 promote the ply steal moral and
500 al welfare 81 the deserving poor OF the metropolis
strong and earnest hons that the prec, WIN
20 commend Itself 10 tho sympatliics and Judgment or
She inhabitants OF London their part thai
generations Of the thoc comforts which, with
blessing oil Providence u my object 10 bestew upon
To his Ercclcncy CHARLES Fmass ADAMS United states
Minister
To the Right Hon; Lord STANLEY, NJ p, sir JAMES
JEFFERSON TkSAESr, q. NJ LANrxos, Esq, j. = MonG,S
krq-, Trustees Of the Peabody Donation Fund.
L0spoN Fob. g. 1865
gratitude OF tho public when express YOU our owl
on tho receipt Of your letter announcing this enlarge
Of London. "' "''' "'O"'"As generosity !" Tie poor
The importance OF this second gin is not 10 be uca
sneu ny ~ money value aonci u viii imIart aug.
mented uSnfuncss Co the unexpcndcd portion Of your
previous donation, by enabling "a To ba applied over
re.'y ENLARGED ares AZ wen a. TO eive increased com
forte and accommodation in the buildings 70 which u
may be appropriated
The most moderate from 20 large an investment
sSH fnrnlh permanent in one he iirt ,ls ,yp ,d ne
wAiA muf IN TIM an tr,sifilIs ipdnee, ,g ,o,s
~ fe charm Or Of hat clue Of Lou.,s aohk are r,r oe
sd ~ ne idborHg pplcin IN an psrts Of a. pfT No.
Re'ss and nns 70 remote pse,y your ms ,r,a con
ns 70 6 hed "a grdtJ al remembrance ~ ne people Il
Leuden, ar NE beH7cr Of > poor on scale hVher,o un
Sesaiied "a fa,s any oiser nfy
STANLEY Chairman
q. ~ ADAMS
i EMEll on TENNENT
q. w. LAMPsoN
N Csc. PEaRoDr, Esq. J :. MORGAN.
Charge OF Smuggling.
rsfTED STATES COMMISSIONERS oFFIcE.
nof. n,