New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-02-09
THE PEABODY GIFT.
THE PEABODY GIFT.

RT TELEGRAPH TO
WASHINGTON, Feb. s.-The following letter and
resolutions will explain in detail, Mr.. George Pea
bodys last munihcent gift:
To the WINTHROP Of Mos'aeiVsts tho Hon HAN
Of York Rt Rev CHARLES p MoLvArNE Of
Ohio Gen u GRANT eJh Uhed States Arpg the Hon. VIZ
RyEs Of TgRa the Hon JOHN H. CLIFFORD MassaAase' the
Hon. WIN AIKEN Of South Carolina WV d. EvARTs esq ofNei
York the Hon VIM GRAHAM orNorh Carolina CHARLES MAoAL
Of Pennsylvania RGGs esq Washington SANrEL
wErMoRE Of Ns,o York BRADFORD esq louisiana
GEo BAToSr Maryland and GEORGE PEABODY RUSSELL oAds
sachVssns
GENTLEMEN: beg TO address you on subject which
occupied my mind long before left England, and in re-
gard to which one at least of yOuthe Hon Mr. winthrop
the honOred and valued friend TO whom / am much
indebted for cordial sympathy careful consideration ana
wise counsel in this matter-wl remember that CON
suited him Immediately upon my arrival In May last l
refer to the educational needs Of those portions OF our be-
loved and country which have suffered from the
destructive rayages and not less disastrous consequences
OF civil With my advancing years my attachment
to my native land has but become more devoted My
hope and faith In its successful and glorious future have
grown brighter and stronger and now, looking forward
beyond my stay earth may be permitted to who
has passed the limit Of three and see orr
country united and prosperous emerging from the clouds
which still surround her. taking higher rank among
the nations and becoming richer and powerful than
ever before But to make its prosperity than super
fetal her moral and mental development should keep
WITH ber material In those portions OF
nation TO which have referred the urgent and press
ing physical needs of almost impoverished people,
must, for years preclude them from making by
aided effort such advances in education and such pro
gress in the diffusion OF knowledge among all classes
that every lover Of his country must earnestly desire
feel most deeply therefore, that Il Is the duty and priy
lego Of the more favored aud wealthy portions Of
ton TO assist those who less fortunate and with the
wish TO discharge. so far as may be able, my re-
sponsbity in this matter well 20 crafty my desire
TO aid those TO whom am bound by many ties OF at
tachmcnt and rcgard give 10 you, gentlemen most Of
whom have been my personal and especial friends the
OF million OF dollars, TO be by your successors
held I'm trust. and the income thereof used and
applied in your discretion for the promotion and
announcement OF intellectual, moral industrial
education among the young OF the more desti
tute portions of the Southwestern States OF our
Union my purpose being that the benefits intended shall
lac dfribed among the entire population without other
fulness 10 them Besides the income thus devised give
Won permission from the principal sum within tho
eXt two years an amount not exceeding per cent In
addition 10 this gift place IA your hands bonds OF tne
commonly known ~ Planters Bank bonds, amounting
with interest about Slo0OoO the amount realized by
you fromwhch 10 bc added 20 and used
this trust These bonds were originally issued IN pay ne
for stock In that bank held by the state ana amounted ~
III nearly S2OOO0 For many years the state received
large dividends from that bank over and above the IN
teres these bonds The state paid the Interest Win
out interruption until 1870 since WHEN no hleIesl M
been paid except payment OF 100000 which was found
In the treasury applicable 20 the payment OF e eoup9
and paid by mandnmus of the supreme touIIi, me
validity ~ these bonds has never been questioned hnd
they must not be conounded win ao'het issue O
made 10y the State 10 the Union bank the recoghon on
which has been subject Of controversy with portion
Of the population o9 T o. M ~ s ssrSi s Fea % is
Feb a. isaG March 4, ls4s, ana inc hghes, 9uuoinl "
have no doubt that early day such legislation VIII
be mad as 90 these bonds available IN me
1sfness OF the present trust Mississippi, though now
deuressed Is rich IN agricultural resources ana cannot
long disregard the moral obligations resting upon heI 70
T.. fuair
ton Of what ] have said In regard to the leE-
satlTo and Judicial action concerning r'a,,rT p 5le
heiswlu place IN your hands TIE documents marked a.
The dol 'i- and orgamzaoa OF w Sie ,' sc li5
gD S Syernor Fish and Bishop Mcvnin chair
mon Of ,un body; aud give you power to make all
cOrpora9n II any shah he found eNpcdieht 70 provide
for the e1prnses 81 tho trustees aud Of any agents a
poted bv them and generally do all such acts arrnay
he necessary for carrying ont the PROVISIONS gi tbs trust
All vaeaares occurring In yoar n9Hp' py aoI,H' rSss r
election soon as conveniently may De anu hhElhg
the Northern and Southern siaieh FURTHERMORE give
You the power IN chsS twothiias on me trustees
shall al any time after tue lar al 5ra u,Sln i. 81
pcdiens close thls trust and Of the fus M4eh ~ ts
% 49, riius not les than two birds among snch
educational purposes ey may doietnine In TIC sAs
Tor whose benefit the Income !, nov APPOINTED 20 pe
used Tho rosnnds. ing 0e distributed by ie trustees
Tor educational pr literary purposes Nh.ietct ln1 ha'
drrmi' rNpcdrut lumnsins 'hi, gt an aWhictIlihe
~ benefit n thrr eyeliions TO dffuse The bA1ust
pf Li. . ll' mon -iil
ana .t.untc 20 ncV efforts rho many good and noble
limit, f,r.u,,st rot oilr iu power but m Tho Intci
genre ana the virtue OF her citfeu Will have accom-
~ ln need of th lI.s1u ~ In' gtv God upon my gi
an with the icryeut PRAYER that uudcr Ills guidance your
coguscls may b5 directed ior h' highest good 81 prs' ~
nnd future aener ,0us in beloved country, au, gen
telncg With great RESPECT 'Hi humble se.' an' or
Upon the receipt of the above irttsr by the Hon
Robert c. Winthrop a meeting Of tho gentlemen
named in n WA called b consider the matter, whcfe-
upoa the following resolutions were presented by
Bishop Mcilyane OF Ohio aud signed by those TrUs-
Zee, present in Washington,
Whereas, Our cOun.rI and friend, George Peabody
has IN letter Jut communicated 90 the undersigned
made known his determination. ont " grateful sense OF
hc manifold goodness with which God has prospered his
lie and OF an earnest desire promote the best interests
OF hs feilowgitizens. 10 devote muncent donation
Of propeffv for certain most wise ana beucfcen uses IN
dcacd n said tter md has requested us To take IN
t.t tine charge and management OF the same therefore
Eesored That tho undersigned, being the trustees
assembled in Washington deeply senshlo OF the honor
o,frfed ON lirlu y trust of such eminent importance
and responsibhty, and realizing the dependence upon
the alid and blessing Of God 70 be enabled 70 o1
charge 10 duties with such wisdom aud ftlfunes' rs
hereby accept the office O Trustees OF the snc ana
promise our best endeayors in its behalf
Ecsoired That hereby express 20 NJ. Peabody our
grateful appreciation OF the enlarged ana unprecedented
generosity which, after having bestowed on INC poor Oh
Inc city OF London bounty that drew forth The ndnira
ton Europe. ana after having exceeded inc same on
h. recent return his native land Ia beucfucOnb % III
suions OF learning ana education In the Middle ahd
Eastern states OF the Union has now crowned hs whOle
with this last deed OF patriotism and loving kindness 40
einenty suited 90 bind together the several parts OF our
beloved country IN the lasting bonds OF mutual "edoihS
and regard. .----
Pesored That express 20 Mr.. Peabody our respect
fu and affsion1te prayer that IA the gracious ptov
dence OF Heavenly Father his valuable Ire may De
long spared witness e success Of hs DeneyOleni con
trlItjon. 10 the happiness OF his ie0w.ozens In all
par OF his native aud beloved land and that many OF
tboe whom God has blessed with large possessions may
be induced 10 follow kis example OF wise and noble
poymont OF wealth for tho good or and the glory Of
Il
Robt. C. Winthrop. George W, i.lsgs'