Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-04-02

That spirit, In the c0tlcNS OF the nauon, |
would, ere this, have readjnsted our dith- |
eulties, securing TO our country and people
permanent peace and restored prosperity,
as the legitimate fruits Of a sanguinray and
protracted war.
PIE PEABODY EDUCATIONALF FUND
The Trustees of this munifeent chari-
ty held a meeting in New York city last
week, for the purpose of initiating mea-
sures to fill the objects of tie trust.
Robert c. Winthrop, of Massachusetts,
was made chairman of the Board, ex-
Governor Fish, of New York, chairman
of the Finance Committee, and Bishop
Mcllvaine, Of Ohio, chairman Of the Exec
utive Committee .Messrs. Fish and Evaits,
of New York city, were appointed to pro
cure a charter of incorporation from tie
Legislature of New York Samuel Wet
man, Esq, of New York city, was made
Treasurer of the fund. The chairman an
nounced that he had received, on the 4th
of March, orders from Mr.. Peabody for
bonds covering the whole amount of his
munifcent gift, and these orders were
thereupon referred to the Finance Cons
mittee
After full discussion Of the subject
committed to them, during which the
views of the founder of the trust were
distinctly explained, and full report by
Mr.. Eaton, of Maryland, had been read
and considered, the following report and
resolutions by Bishop McIlvaine, of Ohio,
from the Committee of Investigation and
Inquiry
Resolved, That this Board will hold
meeting in the city of Richmond on the
third Thursday of January next.
REPORT.
The committee Of inquiry, having care
fully considered the important matters
referred to them, beg leave respectfully to
report the following resolutions:
Resolved, That for the present the pro-
motion of primary common school educa-
| ton, by such means or agencies as now
exist, or may need to be created, be the
leading object of the board in the use of the
funds placed at its disposal.
Resolved, That in aid of the above gem
| eral design, and as promotive Of the same,
| the board will have in view the further
ance of normal school education for the
preparation of teachers, az we'll by the
| endowment of scholarships in existing
! Southern institutions AS by the establishing
of normal schools, and the aiding of such
normal schools as may now be in opera
| ton in the Southern and Southwestern
| States, including such measures as may be
! feasible, and as experience may show to be
expedient, for the promotion of education
in the application of science to the indus
trial pursuits of human life.
Resolved, That a general agent of the
| highest qualifications be appointed by the
| board, TO whom shall be entrusted, under
| the supervision of an executive committee,
the whole charge Of carrying out the de-
signs of Alr. Peabody in his great gift,
under such resolutions and instructions as
| the board shall from time to time adopt
! Resolved, That the Rev. Dr. Sears, now
| President of Brown University, Rhode
Island, be appointed the general agent of
| the board, upon such terms as may be
| arranged by the Finance Committee.
Resolved, That an executive committee
of five trustees be appointed by the chair
man at each annual meeting of the board,
TO whom shall be entrusted, in connection
with the general agent the carrying out of
such resolutions and plans as the board
shall from time to time adopt.
Resolved That the next annual meeting
Of the board be held in the city of New
York on the third Tuesday in June, 1868,
and that in the meantime the chairman be
authorized TO call meetings at such times
and places as the Executive Committee
may direct.
The chairman and other members
having presented large number of APP
plications from various institutions and
individuals in the Southern and South
western States for aid from the trustees,
it was voted that these and other similar
papers be referred to the general agent.
The following letter of explanation,
supplementary to the original letter of
trust, was received from Mr. Peabody,
who, at the invitation of the trustees, had
been present during considerable part
of the proceedings, and ordered to be
entered on the records:
10 Hon. Robert c. Winthrop, Hon. Hamilton
Fish, Rt Rev. Charles ?. McIlvaine General
U. $. Grant, Admiral D. g. .Farragut Hon. W.
Z. Rives Hon. John NJ. Clifford, Hon. William
Aiken, Hon. William A. Graham, W. NJ.
Eyarts, ESQ. Charles Manchester. Esq. George
W. Riggs, ESQ. Samuel Wetmore, ESQ, Ed
ward A. Bradford Esq, George n. Eaton,
Esq, and George Peabody Russell Esq.
Gentlemen Understanding that doubt
has been expressed in regard to my inten-
tons and instructions on the subject of the
distribution Of the fund entrusted to your
care for the purpose of education in the
Southern and Southwestern States, desire
distinctly to say TO you that my design was
to leave an absolute discretion to the Board
of Trustees as to the particular localities in
which the funds should from time to time
be expended.
/ hope that all the States included in that
part of the country which is suffering from
the results of the recent war may, sooner
or later, according to their needs, receive
more or less Of the benefits of the fund.
But it was not my design to bind my trus-
tees to distribute the benef IS of the fund
upon any measure of proportion among
the States, or TO create any claim on the
part of any State to any distributive share.
Still less did ! design to subject the trus-
tees, collectively or individually, to any
responsibility to those intended to be bene-
fitted, or to any responsibility OF any sort
for the management Of the fund committed
TO them.
/ have entire confidence that they will
discharge the trust with wisdom, equity and
fidelity, and l leave all the details of man
agement to their own discretion.
With great respect, your humble servant, |
GEORGE PEABODY.
New York, March 20 1867.
MASSACHUSETTS PROSPERITY. -MaSsa- |