The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-01


Taking the Joint capital Of the two quits at
minimum of f250,0O0, 1t W III form fund, the
operation of which is intended to he progress
sive in its usefulness as applied to the relief of
the poor OF London, without exclusion in conse-
auence Of religious belize or political bias. IL
will therefore act more powerfully IN future
generations than in the present; It IS intended
to endure for ever. century in the history OF
London is but a brief period comparatively with
the Iife OF man, and should your successors con-
tinue the management OF the charity as you
have begun II, it is my ardent hope and trust
that within that period the annual receipts from
rents for buildings Of this improved class may
present such a return that there may not be
poor workingman of good character in London
who could not obtain comfortable and healthtul
lodgings for himself and family at cost within
his means
''You are fully authorized to use any portion
Of the fund in building lodging houses for the
laboring DOOR as expressed In my former letter;
but. as before many years it is to be apprehend-
ed that desirable sites for such buildings may
be difficult to obtain at moderate prices within
the limits of the metropolis in that event, 1t is
my desire that my trustees for the time being
may seek out and secure at such rates as the
state of the fund may warrant, such freehold
sites within ten miles of the present Royal Ex-
change as may appear eligible, both on account
OF salubrity of position and proximity TO the
great centres Of labor and railroad acco nmoda
ton, due regard being had TO the probable bur
den of taxation. 1t may also be desirable to
OBTAIN from railroad companies the most econo-
mical arrangements procurabie loI the convey
ance OF working people, at stated hours, to and
from London, at such moderate fares as will
come within their means.
Comfortable and convenient houses are 10 be
erected upon those sites for the exclusive accom-
mediation of the honest and industrious poor of
London, under such regulations and on such
terms and conditions as my trustees may direct,
subject only to the guiding principles laid down
in respect to my former donation.
"As dwellings in such sites may in some in
stances be remote from schools and other tacili-
ties for instruction, the trustees shall be at
liberty in such cases, should they consider 1t
neediul to set apart space adjacent to the build
ing, gnd suitable for scboolhouses for the chill
dren of the families holding tenements. But
such schools must be so organized rs carefully
to exclude sectarlan influences aud so conducted
as to avoid denominational jealousy. With this
view it is my desire that the course of education
shall be exclusively OF ani elementary and lite
rary character.
GAS some of these dwellings will probably be
at inconvenicnt distances from good markets,
would also suggest to my trustees to consider
the propriety. in localities where it may seem to
be required, of providing within the buildings
or near TO them, apartments in which the ten
ants may organize cooperative stores for sup
plying themselves with coal and other neces-
sary articles for their own consumption, subject
to such regulations as in the Judgment OF nay
trustees may be needtul.
ut having occurred to me that for good rea-
sons my trustees may wish, at comparatively
early period, to change some part or parts OF the
deed which is to be prepared for the management
of this fund, l therefore hereby authorrLs Them 70
do so at any time during nay life, conlIormaUiy
to anY resolution or resolutions which may be
unanimously passed by their Board and approved
by me.
"In conclusion looking to the object of this
donation and to the large development in COM
ing years of an arrangement designed to pro-
mote the physical, moral, and social welfare of
the deserving poor oi the metropolis entertain
strong and earnest hope that the project will
ttua1f 10 fha Onn iIIHu
ment of the inhabitants of London as to insure
on their part that interest and cooperation
| which will secure to future generations OF the
| poor those comforts which, with the blessing
| of Providence, 1t is my object to bestow upon
| them.
with great respect and regard, ! am your
| humble servant, GEORGE PEABODY.
'To his Excellencv Charles Francis Adams
United States Minister.
ITO the Right Hon. Lord Stanley, M. p, Sil
James Emerson Tennent, @. M. Lampson, Esq.
j. s. Morgan, Esq, Trustees of the Peabody
Donation Fund"
LONDON, February eve feel that we only
| anticipate the satisfaction and gratitude of the
public when we express to you our own on the
receipt of your letter announcing this enlarge
| ment OF your already abounding generosity tC
the poor of London.
The Importance of this second gift is not to b.
measured by its money value alone; it will im
part an augmented usefulness to the uneXpendet
| portion of your previous donation, by enabling
it to be applied over a greatly enlarged area, a
well as to give increased comforts and accom-
modatlon in the buildings to which it may b
appropriated.
The most moderate return from so large an in
yestment will furnish permanent income, tn
judiCious expenditure OF which must in tim
exert an Irresistible influence In raising tn
character OF that class OF houses which are noN
occupied by the laboring population in all part
of the metropolis; and thus to a remote posterit
your name will continue TO be held in gratefu
rpmpm hpranpa nv the manila Of TOndOn ac th
beneiactor of the poor on q scale hitherto III
equalled in this or any other country.
STANLEY, Chairman,
O. f. ADAMS,
j. EMERSON TENNENT,
G. M. LAMPsoN,
| J. s. MORGAN