Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-07-07
GEORGE PEABODY.


Hon and Mere-Letter from Mr.. PEI
body 20 the Trustees Of the Fund.
i At q special meeting of the Tn:
tees of the Peabody Educationa
Fund, held at Newport on Thurs
day, July l., Hon. Robert C. Win
throp in the chair, the followin!
letter was received from Mr.. Pea
body, addressed to the Trustees o
the Peabody Fund
q GENTLEMEN When I established
the trust of which you have charge
it was my intention, if its results
apd progress should prove satisfae
tory, to return in three years to my
native land, and to- make further
provision for carrying out the plans
which experience should have
shown to be productive of encour.
agement and benefit to the people
of the South.
My precarious state of health has
rendered it imprudent for me to wal
for the full period of my intended
absence, and / have now come
among you, in order to proceed al
once to the fulfilment of my pur-
pose.
/ have constantly watched, with
great interest and careful attention
the proceedings Of your board, and
it is most gratifying to me now to
be able to express my warmest
thanks for the interest and zeal you
have manifested in maturing and
carrying out the designs of my
letter of trust, and to assure you OF
my cordial concurrence in all the
steps you have taken. G.
At the same time, / must not omit
to congratulate you, and all who
have at heart the best interests of
this educational enterprise, upon
your obtaining the highly valuable
services of DR.. Sears as your gen.
eral agent-services valuable not
merely in the organization of
schools and of a system of public
education, but in the good effect
which his conciliatory and sympa-
thizing course has had wherever he
has met or become associated with
the communities of the South, in
social or business relations.
And l beg to take this opportu-
nifty of thanking, with all my heart,
the people of the South themselves,
for the cordial spirit with which
they have received the trust, and
for the energetic efforts which they
have made, in cooperation with
yourselves and DR.. Sears, for carry
ing out the plans which have been
proposed and matured for the diffu-
sion of the blessings of education
in their respective States.
Hitherto, under the system
adopted by your general agent, and
sanctioned by you, four of the
Southern States have not been as
sisted from the fund placed in your
charge, and l concur with you in
the policy thus pursued, as, l am
sure, will the citizens of those four
States, and all who have at heart the
highest permanent good of our be
loved country.
For it was most necessary that at
the outset those States and portions
of States which had suffered most
from the ravages of war, and were
most destitute of educational means
and privileges, should be first and
specially aided.
l believe the good sense and kind
feeling of the people of these States
will continue to acquiesce, for the
present, in your course Of devoting,
under the care of DR.. Sears, the
greater part of the fund to the same
States which have received it's ben
efts for the past two years, with,
perhaps, the addition of Texas,
which State / am advised the gen.
eral agent will visit during the com
ing autumn or winter, to ascertain
its educational requirements, and
to give such aid as shall be requi-
site and can be afforded, where it
shall be most needed.
| have the same sympathy with
every one of the States; and were
all alike needing assistance, l
should wish each alike to share in
the benefits of the trust.
AS the portions aided shall re-
spectively grow in prosperity, and
become self-sustaining in their sys-
TENS of education, their respective
allotments of the fund will be ap-
piled to other destitute communi-
ties, and thus its benefits will, 1
earnestly hope and trust, ulti-
mately reach every section of the
vast field committed to your care,
1t is my hope and belief, and this
opinion is fully confirmed by my
interviews with DR.. Sears, that with
the additional amount which / now
place in your hands, the annual in
come of the fund alone may be
found sufficient to sustain and ex-
tend the work you have so well
begun; and it is my desire that
when the trust is closed, and the
final distribution made by your
selves or your successors, all the
fourteen Southern States, including
Maryland, Kentucky, Missouri, and
Texas, shall share in that distribu-
ton according to their needs.
In accordance with what have
already said of my intention, at the
time l established this trust, to add
thereto, if its success were such as
/ am now we'll assured has attended
it, / now give to you and your sue.
cessors the following securities, viz
$4,000 Belvidere and Delaware
Railroad Company's six per cent
bonds, first mortgage; dividends
18th June sDd 18th December, due
1877; principal and interest guaran
teed by the Camden and Amboy
Railroad Comapny and New Jersey
Transportation Company.
S3O1, 025 Syracuse and Bingham
ton Railroad CompanS's seven pei
cent, bonds ($19S,5 due in 1876
| dividend October 1 and April 1
$4,525 payable October l, 1870
$98, 900, dividends from LIST June
due in 1879 This is an excellent
road, and the stock at par; but the
security is rendered perfect by the
guarantee of both principal and in
terest by the Lackawanna Goa
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