Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1869-07-14
THE PEABODY EDUCATIONAL


man, Hon. Robert c. Winthrop, read u
letter from Mr.. George Peabody, giving
the additional sum of $1,000, 900, in-
vested in bonds and stocks of the very
highest character for security, to be
held in trust for educational purposes
in the Southern States. In addition to
this amount, Mr.. Peabody also gives
Florida six per cent. bonds, which, with
the overdue aud unpaid coupons, amount
to about S3s4,OOo. This latter gift is
bestowed on the same principle rs gov
erned the donation Of the Mississippi
bonds to tho first trust fund, that is, to
induce the Legislatures to take steps to
redeem their financial honor.
Mr. Peabody, in his letter to the
trustees, states that he has watched
their proceedings, and expresses his
warmest thanks for their zeal in carry
ing out the trust, and his cordial con-
eurrence in all the steps they have
taken. He commends the valuable
services of the agen, Of the trustees,
and expresses his qualification ut the
good effect Of the conciliatory and SYM
pathizing course Of DR.. Sears. He
thanks the people OF the South for the
cordial spirit with which they have re-
ceived the trust, and for the energetic
efforts they have made to cooperate in
the plans proposed for the diffusion Of
the blessings Of education in their re-
speclive States. Mr.. Peabody concurs
with the reasons for the adoption by
the trustees of the system under which
four of the Southern States have not
received help, and hopes that the people
of those States will continue 10 acqui-
esce for the present in that plan. He
believes that at the ontset those States
and PORTIONS of States which had sui.
fered most from the ravages Of war, and
which are most destitute Of educational
means and privileges, should be first
and specially aided, and that, rs the
portions first aided shall growsin pros
perity and become self sustaining in
their systems Of education, their re-
spective allotments should be applied
to other destitute communities. Mr..
Peabody hopes that with the additional
amount now given, the annual income
of the fund will be found sufficient TO
sustain and extend the work which has
been begun so we'll. He also hopes
that Texas may at once IN to re-
ceiye aid. The principal sum of one
million Of dollars given by Mr.. Pea
body's frs, letter of trust is still un-
touched, and the interest of that sun
added to the interest of the present
gift of one million, makes the annual
revenue Of the trust upwards Of $780,
900, which, it is believed, will be amply
sufficient to meet all the requirements
of the cause of education in the South,
until the time arrives for the final dis
tribution. Mr.. Peabody concludes with
a prayer for Gods blessing upon the
gift, and upou-all concerned in admin
istsring the fund, and with the hope
and trust that it may prove II permanent
benefit not only to the Southern States
but to the whole of our dear country,
which he has ever loved so we'll, but
never so much rs now in his declining
years. And he prays that Almighty
God will grant to the United States n
future rs happy and noble in the intel
ligence and virtue of its citizens as it
will be glorious in unexampled power
and prosperity. George Peabody's
b~enesactions sum mp to $40, o00, 900, as
will DC seen by a few of the items
For education in the South, ) $4,000, 900;
Baltimore Institute, $1,000, 900 ;
Museum for American Relics. Yale Col
lege, $780, 900 ; for Institute and Edu-
c%ational Purposes ut Danvers, $780,
900 for n free Museum at Salem, $780,
900 ; to the State Of Maryland, $780,
900 ; to Bishop McIlvain, for Kenyon
College, S25, 900 Kane's Arctic Expo.
$40, 900 to "Mcmorial Church"
to his mother, $1,000 to members
of his family (estimated), $4,000 900.
In addition to these i Sths gift of $780,
900 sterling, or 81, 300, 900 currency,
for the erection of buildings for the
poor Of London.