The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-03-26
The PEABODY EDUCATIONAL FUND.
Report Of the Board OF directors.

HuuChllOnal Funu LOT the DenCnt OF tine SOUTH
ern aud Southwestern States, we're terminated
on Friday last, but the members met informally
on Saturday last. Hon. r. G. Winthrop left for
Boston yesterday morning, and Mr.. Peabody
lett for Springfield, Mass, on Sunday night,
The following ls the action of the Trustees:-
At meeting of the Trustees of this Fund,
held in the city of New York on the 10th of
March 1867, and continued on the 20th, 2lst,
and 22d the proceedings were as iollows:-
Immediately after the readiLg by the Secre-
tary of the record of the original organization
at Washington, the chairman, Mr.. Winthrop,
stated that the name of Admiral Farragut was
on the original list of Trustees designated by
Mr.. Peabody; that owing to some misappre-
hension it was omitted in the publication of
that list; and that Mr.. Peabody, with the cordial
assent OF Admiral Farragut, desired that it
should now be restored, wnereupon, on motion
OF Hon. William A. Graham, OF North Carolina,
seconded by General Grant, it was unanimously
voted that the name OF Admiral Farragut be
placed upon the roll of Trustees, in the order
originally intended.
The Chairman announced that he had re-
ceVed, on the 4th of MhCh orders from Mr..
. Peabody for bonds covering the whole amount
OF his munlhcent gift, and these orders were
thereupou referred to the Finance Committee.
Alter full discussion of the subject com
mitted to them, during which the views of the
founder of the trust were distinctly explained
and a full report by Mr. Eaton, of Maryland,
had been read and considered, the follow
ing report and resolutions, by Bishop McIlvaine
of Ohio, fIom the Committee of Investigation
and Inquiry, were unanimously adopted
REPORT.
The Committee of Inquiry, having carefully
considered the important matters referred to
them, beg leave respectfully to report the fol-
lowing resolutions
Resolved That tor the present the promotion of pr-
mary or common school educatlon py spch means or
the leading object of the Board in the use of the funds
Fes0tyed, mat in aid of she above general design,
and as promotve of the same, the Board will have in
view the turtherance of normal school education, for
the preparation OF teachers as well by the endow-
as by the establishing of normal schools and the aid
in tSe southern and Somth@estern @ States Including
such measures may be feasible, and as experience
may show to be expedent, for the promotion OF edu-
cation in the application of science to the industrial
Resoirsd, That general agent Of the highest qualif.
intrusted, under the supervision OF the Executive
COMMITTEES, the whole charge OF carrying out the de-
lutions and instructions as the Board shall from time
ResoiugG That the Rev DR., Sears (now President Of
be arranged by the Finance Committee -, A.. .-..
tees be appointed BY the Chairman, at each annual
% R b BPSed Se to Tho shall & Se III
Of such resolutions and plans as the Board Shall from
The Gsx %.w injecting Of 4s
Tues day in June, 8s8, and that in the meantime the
Chairman be authorized 70 cal meetlnGs e at such
direct rRss anu p"00' "' 'D' 'N''''''' 'i''''' N'
After further discussion, the following reso-
luton, offered by Mr.. Evarts, of New York, was
adopted
Resolved. That this Board Will hold meeting in
the city of Richmond on the third Tuesday of January
next.
In accordance with one of the foregoing reso-
lutions, the chairman announced the Executive
Committee, as folloWs:-
EXECUTIVE COMMITTEE.
Rt. Rev. G. P. McIlvaine, Of Ohio (Cincin-
nat); Hon. VIM. Aiken, of South Carolina
(Charlestonl; VIM. M. Evarts, Esq, of New
YORK New York cy@ Hon; W% A. GTaha%
DNatO ESp Of Maruland (RaltimOrel
Governor Clifford, from committee ap
pointed on the subjects Of legal organization,
custody of funds and choice of Treasurer, made
the following
The committee respectfully recommend the
adoption of the following resolutions
Resolred, That Governor Fish and Mr.. Evarts be
ialure the State of New York act Of incorpora
with power to appoint their successors under the
@me an 9f ana Nth anSeSy Gt to- the tho nd
cordng to such bylaws and. regulations as may be
ResoHtd, That hen such act shall be obtained and
by tie committee having them in charge.
Relolved That treasurer elected, who shall be
arrangements, in concurrence with the Finance Com
mitee Tor the safe keeping and disbursement of the
income of the fund, as in their judgment may be
deemed expedient.
The resolutsons having been adopted, Samuel
Wetmore, Esq, of New YORK, was elected
Treasurer.
The Finance Committee had been previously
appointed Dy Ine Cnalf, as lolOWs;-
FINANCE COMMITTEE.
Messrs. Hamilton Fish, of New York; Charles
Manchester, of Pennsylvania; John H. Clifford,
of Massachusetts,; George w. Riggs, of Wash
in9ton; Samuel Wetmore, OF New York.
The Chairman and other members having
presented a large number OF applications from
various institutions and individuals in the
Southern and Southwestern 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, supple
mental to the original letter of trust, was re
ceived from Mr. Peabody (who, at the invitation
of the trustees, had been present during
considerable part of the proceedngs), an(
ordered to be entered on the records;-
Gentlemen Understanding that q doubt has beel
expressed in regard TO my intentions and instruction
the subject ofthe distribution of the fund ntruste
Southern I'D Southwestern states desire distnctI
to say you that my desire was to leave an RbsQlut
discretion to e BGs5d & 0b nS TIS!esS ai 20 the p9rcG
lar localities in Wncn we iuluh suoulu from Time
time be expended.
Ihope that el re States included in that part of ou
country which suffering from me results ,q o. ~
recent civil war may sooner or later, accordlng
their needs receive or less OF the oeneh OF III
fund. -,,.,...-- ,...-,..zl L.. a,
tribute the benefits of the fund upon any measure
proportion among the States, or to create any clal
on the part of State TO any distinctive share. -
Still less did design to subject the trustees, cole
intended to be benefited to any Individual respo
sibNty OF any sort, for the management OF the iul
committed to them.
have entire confidence that they will dischar
leave all the details OF management 10 their own q
cretion With great respect yonT humble les seTxanS i
New York, March 20, 1867.
During the last two days of the meeting, q
Rev. DIR. Sears (who had been invited by tel
graph to assist in the deliberations of the Boar