The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-01-04
PROCEEDINGS OF COUNCIL.
REGULAR MEETING.

[Spscia, Order. No. 1885,
Y. The following appointments to civil office are
hereby made to fill vacancies: -,
MILITARY POST OF CHARLESTON g. c.-ciFf oh
CHARLESTON.
Alderman of Ward No. S-N. G.. Parker, o'ce James
CITY Assessor-wm N. Hughes, rice D. c. Gibson
deceased. ,. or,o,;,,
upon their duties take and subscribe before JUS
tice Of the Peace Notary Public, or otner person su
thorzed by law to administer oa.ns sne ID uy
1882 Where bonds are required by law tney VIII pe
executed in due form and filed with the proper
officer. c,-,...o, n
is charged with .he execution Of this order. =
By command of Brevst MajorGenerai Ed. R. s.
oA'' LOUIS v. CAZIARC,
Aide-deCamp, A. A. A. General
Official: Louis Y. CAz1ARc, A. d. c., A. A. a. General
After reading the ORDER the regular 0atn VI o. t,e
Alderman Parker then addressed Council.
The Minutes of last meeting were read and con-
nrmed.
The following matters we're disposed of in regular
Application of John Blanch for Junk Shop Lii
cense. Referred to Committee on Licenses: 70
mt ip steam engine on his premises Washington
and Charlotte streets. Referred to Mayor.
Petition Of John Prazel, executor, for renewal & .,
CITY stock issued to Carsten Nohrden, for Gerhard
Schrsge, the original having been lost Granted.
The following memorial was referred to Special
COMMITTEES, consisting Of Aldermen Wragg, Honour
and Marshall:
The memorial of the Trustees Of the College OF
Charleston respectfully ahoweh that the Trustees OF
the College have received information OF the request
of your honorable body that the College should De
made sself.supportng;" and apart from this action
Of Council the financial condition of the College Is
such as to call for plain statement on the part OF
the trustees SO that all who interested IN tho In
situt,on the City Council, the Faculty, the Trus-
tees and the public at large may be made cognlzant
OF its condition and It's prospects
The College has large endowment derived snaea-
and especially from tn 1t Of the late Ephraim NJ Bay
nard. Esquire. It has in city stock alone the sum
of two hundred and fifteen thousand donars e1ciu-
sye of the Boyce fund.- the interest Of which yields
an annual income of twelve thousand hve num-
dred dollars and the tuition fees the additional sum
OF about one thousand dollars. lhe salaries OF tne
ofProfessors and the contingent expenses OF ne COL
lege amount annually to between fourteen and mteen
thousand dollars that if the interest on the city
stock were paid, the College could support itsen
without any aid from the city. particularly II tne
city Council would pay the salaries Of the Librarian
and the Curator of the Museum, which ohices were
establshed by Council apd the salaries OF which, up
to the end ef the war; paa 51 on v ~ te
city would be the payment OF its interest que 70 tne
College
Your memorialists desire to present the claims OF
the College upon the City Council In another aspect
In the year 1887 the City Council OF Charleston and
the Trustees of the College of Charleston presented
to the General Assembly Of the State joint petition,
In which 1t was represented that the peouoneis mao
trsnsfer to City Council Of all the property OF the
College, and that the City Council had accepted the
same, and had undertahe en- the re-estaolshment and
maintenance Of the College,; and the petitioners
prayed for an act to sanction the said arrangement
The General Assembly, in pursuance of this pet.
tion, did, on the Goth December, 1887 pass an act
Chsrieston wherein they authorized the Trustees
30 surrender to the City Council I'LL the properly,
real and personal Of tho College, and also, all rights
and interests granted or belonging TO the SAID Irus
otherwise, 70 be 'hed by the City Council in trust
forever to and for the sole use and benefit OF the
said College OF Chsrleson, and further IN rust that
the said City Council OF Charleston snali ana %ll M
said College should ths income and tuiuon ices oe
inadequate to that obje and 80 tsr as they may be
20 inadequate" with further provision that should
the exercises Of the said College be at any time un-
ayoidably suspended the College fund should be al
lowed to accumulate fo the future beneht or the IN
sttution In this act L. was also provided tnat the
College should be directed and managed oy board
of Twenty-one Trustees who were made body cor
poras and that the Mayor and Recorder OF the city
for the time being, and three Aldermen elected by
the City Council should be members Of the Board,
with further provisions for filing vacancies In the
Board.
From this act. it appears that tho City Council,
for considerations Of value, undertook the reestab-
hshment and msintenancs OF the College; The pre-
css extent of its undertaking was to supply any def
cheney In the income and tuition fees, should these
prove inadequate to It'll support The object Of oil
the parties was gantestty to place the INSTITUTION
upon sure foundation. It does not appear TO us
tst there can be any question to the character of
the obligation assumed by Council, or as to its ex-
tent II tho income and tuition fees OF the College
should fall far short Of the sum necessary ior lts
support, thare would still remain the undertaking
and the obligation Of Council to supply the deh-
ciency. But fortunately. the liberal endowments
oftndividuals have gone very great way TO relieve
Council Of the burden it originally ana voluntarily
drefy independent II 1t could only procure the
payment by Council Of tho interest due to it
II appears therefore that the claim Of the College
upon Council, rests not merely upon the obligation
Of the city to pay tho interest Its stocks but up
ON the undertaking Of the city to sustain 1t, what
ever might be the deficiency in the means Of the
College.
RaIyinQ upon the force Of this double obligation.
tho Trustees earnestly appeal to your honorable body
to make good your undertaking to maintain the Col
lege. It is simply impossible Tor the trustees 70
wise supply the deficiency. To meet the expenses
of the quarter ending on 3oth September they we're
Obliged to sacrifice twelve thousand dollars OF an
eefa In order to raise about $4,000 in money. They
are unwilling to resort to this extreme e1pedient
again. II the College were without private endoW-
rasnt the Trustees could hardly venture to apply to
your honorable body in the straits and embarrass-
ments Of the present time. But when the College
has liberal endowment and resources apply ad-
equate to support it. without subJecng the city to
any burden upon its treasury, which 1t mas not ny
its own action assumed they feel that they may with
confidence ask the City Council to advance the sums
that may be necessary, and to charge the same
against the interest due by the city to the College
Ths Trustees are willing, If necessary, to reduce
salaries and bring the expenses within the smallest
possible compass; but they are unwilling to contem.
plate the suspension of the College at this time, and
under existing circumstances. 1t is, perhaps. the
onIy institution Of the kind in the State which has
an Endowment equal to its support. 1t has also at
tached 10 1t museum OF rare specimens and great
yalue suita library OF ten or twelve thousand vol
umes We cannot tell how long institutions which
depend entirely on Legislative favor viii be sustained
by legislative appropriations, or to what connuons
thsy may be subjected. We have In our own city
an institution very nearly If not quite. seI.sup,
porting and independent, and we should cherish It
with the utmost care. Now more than ever before,
10 education OF the highest kind necessary In our
young men. Now more than ever is home college
indispensable to our community, for there are very
few who can support their SONS abroad while recetv
ing collegiate education. The responsibility OF
suspendng the College at this time Is one which the
Trustees cannot assume except upon the deliberate
refusal or failure of the City Council to redeem
their undertaking; and they therefore earnestly
solicit from your honorable body early and favor
moris and such action as may enable the College to
pursue its course Of usefulness
DANIEL RAFENEL, Chairman.
C. NJ. FURMAN.
W.D. PORTER.