The New York herald., 1871-02-17
PHILApELpHIA, Feb. Ie. 1871.


The annual meeting of the Board of Trustees or
the Peabody Educational Fund is now in session at
the Continental Hotel in this city. The session be.
gan yesterday ard will close tomorrow.
THE MEETING WAS ORGANIZED
at two L. M. Mr. Robert q. Winthrop made few
opening remarks when Governor Clifford onered
the following resolutions the character life and
death OF Admiral Farragut The resolutions were
unanimously adopted
m n ssw % o ss pa ns @ re-,
meeting Of the Board has deprived OF The cooperation in
mePbers one the wisdom 81 whose selection by Mr.
aeaSSdy 1 mss @ was more than justified BY the earnesness
the purposes which the founder Of the trust bad IN ve, IN
s he as s. #
70 m 10 @ Of
heah 70 deter Inn from The discharge of Duty and who
aiessa and se s'e eohsdeyed p i'eos eo
an Sr III hs sses to our
N 50 larSe &C. % measure to the nanty which has charac
modest and simple manners sinabls aectonate
lie a A Il is FseS s to s them
than his most hrlian. sehlsvemens which have added
REQUIRED 90 mere ocal recognition appreciation
3 M 70 IN s aa q s aSHa o so the The
Resolved That these resolutions be entered upon re-
cords Of the board as an expression OF deep Of
our smenca friend and associate and ,Sat The
Chairman be requested TO communicate cory to Mrs
rasut with an assurance OF our sincere sympathy with his
family in their great bereavement.
THE REMAINDER OF THE DAY
was occupied IN listening to the report Of Dr. Sears
Ii is very lengthy document. and goes into the
smallest details regarding the disbursements or the
fund. 1t shows that DR.. Sears has paid out nearly
$4,000 for the benefit OF Southern educational III
sti!utons. The interest on the capital (s2 600 600,
is about $4,000 yearly. OF this It is designed to
use about $4,000 yearly, leaving surplus OF
$4,000 for extraordinary appropriations.
THE TRUSTEES HAVE on HAND
about 81 100000 oil Mississippi State bonds. They
are not worth much at present; but 1t Is hoped that
when the South gets more settled they Will begin
TO appreciate In value, when 1t will be 10 the interest
The payment OF these bonds. 1t viii increase the
terest on the Peabody fund about SIS 0cO annually
Mississippi VIII reap her share OF the increase.
4 COMPLIMENTARY DINNER
was given the trustees and Invited guests by MIR,
George W. Childs OF the ruoltc Ledger, at the Con.
iinenta, last evening. Among the invited guests
Were:0ihon;, yane:vHSs;o j9nn % W. eeary Governor Of
the Navy; Judge William. A. Porter, Judge
Sharswo0d Geuera Porter OF the Presidents sra ii:
Merton McMlchaei ex-Masor of Philadelphia;
and wife, of Albany; Mr.. Asa Packer, OF Mauch
Chunk, Pa, and many Others OF lesser note. MIR
McMichaei In behalf OF the city, welcomed the
trustees and invited guests TO the hospitalities OF
the city. on behalf oil the trustees Mr.. Robert q.
Winthrop, ot Boston, replied, thanking Mr. Childs
for the compliment and the city OF Philadelphia for
the kno invitation coming through Mr. McMichael.
Except the speeches OF Mr.. Mcalchael and Mi.
winthrop, no remarks were made, The banquet
+. Pm n A' '-''p''' ''A anu ''ueu AZ '"e'se O'CLOCK
THE BOARD or TRUSTEES.
Alexander H. H. Stuart, of Virginia, ana General
Richard Taylor OF Louisiana son OF General Zachary
Taylor, were today Selected by the Peabody Fund
Trustees to I'll the vacancies occasloned by the
Nj. bradford. ~
The Board VIII adjourn tomorrow.